Current Affairs 01st May 2021| Current Affairs News

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CURRENT AFFAIRS: IMPORTANT DAYS

International Labour Day or May Day – Observed on May 01

Labour Day is an annual holiday to celebrate the achievements of workers.
Labour Day has its origins in the labour union movement, specifically the eight-hour day movement, which advocated eight hours for work, eight hours for recreation, and eight hours for rest.
May 1 is the International Day of Workers or International Labour Daydedicated to workers and labourers across the world.
This day celebrates labourers and encourages them to be aware of their rights.
The day has its origins in the labour union movement, specifically the eight-hour day movement.
It is also celebrated in countries in Central America, South America, and in some parts of the Caribbean.
In the United States, Australia, and Canada, Labor Day or Labour Day is celebrated at different times of the year.
India celebrated the first Labour day in the year 1923 and the day is referred nationally as Antarrashtriya Shramik Diwas or Kamgar Din.
Peter J. McGuire, a carpenter and labor union leader, was the person who came up with the idea for Labor Day.
He thought American workers should be honored with their own day.
He proposed his idea to New York’s Central Labor Union early in 1882, and they thought the holiday was a good idea, too.

CURRENT AFFAIRS: NATIONAL NEWS

Centre let out in advance over Rs 8873 cr for SDRF to all States

As a special dispensation, the Centre has released in advance over 8873 crore rupees for State Disaster Response Fund (SDRF) to all the States.
The States can use up to 50 percent of the released amount for COVID-19 containment measures, that include meeting the cost of oxygen generation and storage plants in hospitals, ventilators, strengthening ambulance services, COVID-19 hospitals, thermal scanners, personal protective equipment, testing laboratories and testing kits.
The Finance Ministry has released the amount ahead of the normal schedule of the 1st installment of SDRF, which is generally released in the month of June.
However, in relaxation of the normal procedure, not only the release of SDRF has been advanced, the amount has also been released without waiting for the utilization certificate.

NFAI bring out rich treasure of audio recordings on occasion of 151st birth anniversary of Dadasaheb Phalke

On the occasion of the 151st birth anniversary of the father of Indian cinema, Dadasaheb Phalke, the National Film Archive of India (NFAI) has published a rich treasure of audio recordings in the public domain.
About 8000 minutes of interviews of veteran film artists from the Indian film industry are now made available on the NFAI website.
Starting from the silent era of Indian cinema, these are the fascinating tales of journeys of actors, technicians, producers, directors and studio owners.
Conducted mostly in the 1980s, these interviews were recorded as part of the Oral History Project of NFAI’s Research Programme and features long interviews of pioneering film personalities, narrating the experiences about their life, stories and anecdotes from the world of cinema.

I&B Ministry assemble year-long centenary celebrations of Satyajit Ray

In homage to the legendary filmmaker, the Ministry of Information & Broadcasting will organize year-long centenary celebrations of late Satyajit Ray across India and abroad.
Satyaji Ray was a renowned filmmaker, writer, illustrator, graphic designer, music composer.
He started his career in advertising and found inspiration for his first film, Pather Panchali, while illustrating the children’s version of the novel by Bibhutibhushan Bandopadhyay.
The film catapulted him into international fame.
Ray went on to make other great films such as Charulata, Agantuk and Nayak.
He was also a prolific writer, making the famous sleuth Feluda and scientist Professor Shonku, a popular part of Bengali Literature.
The Government of India honoured him with the Bharat Ratna, the highest civilian award, in 1992.

Finance Ministry planned to provide additional amount of upto Rs 15,000 cr to States

The Finance Ministry has decided to provide an additional amount of upto 15 thousand crore rupees to States as interest free 50 year loan for spending on capital projects.
The Department of Expenditure has issued fresh guidelines in this regard on the Scheme of Financial Assistance to States for Capital Expenditure for the financial year 2021-22.
Capital expenditure creates employment, especially for the poor and unskilled, has a high multiplier effect, enhances the future productive capacity of the economy and results in a higher rate of economic growth.
The Finance Ministry said, despite the adverse financial position of the Centre, it was decided last year to launch a Scheme for Special Assistance to States for Capital Expenditure.
Under the Scheme, financial assistance is provided to the State Governments in the form of 50-year interest free loan.

CURRENT AFFAIRS: INTERNATIONAL NEWS

China unveiled core module of its space station

China launched the core module of its space station, kicking off a series of key launch missions that aim to complete the construction of the station by the end of next year.
The Long March-5B Y2 rocket, carrying the Tianhe module, blasted off from the Wenchang Spacecraft Launch Site on the coast of the southern island province of Hainan.
The Tianhe module will act as the management and control hub of the space station Tiangong, meaning Heavenly Palace, with a node that could dock with up to three spacecraft at a time for short stays, or two for long, Bai Linhou, deputy chief designer of the space station at the China Academy of Space Technology (CAST) said as reported by China’s state news agency.

CURRENT AFFAIRS: STATE NEWS

MP govt handover Rs 61 crore into accounts of over 6.10 lakh street vendors of state

Madhya Pradesh government transferred Rs 61 crore into the accounts of more than 6 lakh 10 thousand street vendors of the state through Direct Benefit Transfer.
Meanwhile, the state reported 12,400 new cases while 13,584 patients have recovered.
The state’s recovery rate has been 83 percent.
Chief Minister Shivraj Singh Chauhan said that the government is fully committed to remove the difficulties faced by the poor due to covid pandemic.
Meanwhile, the rate of corona infection is continuously decreasing.
The state stands at 14th place in the country in terms of corona infection.
The number of active cases of corona in the state has come down to 90 thousand 796.
The average positivity rate of the state has declined to 21.1%.
Chief Minister Mr Chouhan said that the state is now getting adequate amounts of oxygen.
On 29 April, the state received 556.2 MT of oxygen, while the state consumed 467 MT of oxygen.

Madhya Pradesh govt initiates Corona Warriors Scheme

In Madhya Pradesh, the state government has launched the Corona Warriors Scheme.
The government will take the responsibility of family members of health workers who have passed away while on Corona duty.
Their families will be given honorarium of Rs 50 lakhs by the government.
Meanwhile Chief Minister Shivraj Singh Chouhan has said that the Corona vaccination campaign of people above 18 years of age cannot be started from May 1st due to non-receipt of vaccines from the manufacturing companies.
The vaccines are likely to be received in the state on May 3rd.
The Covid vaccine will be administered free of cost to those above 18 years of age.
Chief Minister Mr Chouhan while reviewing COVID condition directed that new vaccination centers should be established in view of Corona infection, vaccination work should not be done in hospitals.
So far 80 lakh 66 thousand 980 doses of Corona vaccines have been administered in the state, out of which 70 lakh 19 thousand 763 first and 10 lakh 47 thousand 217 second doses have been administered.

CURRENT AFFAIRS: BUSINESS NEWS

Agriculture Minister reported Target of food grains production for 2021-22 is 307 million tonnes

Agriculture Minister Narendra Singh Tomar has said that the target of foodgrains production for 2021-22 is 307 million tonnes.
Mr Tomar said while addressing the National Conference on Agriculture for Kharif Campaign-2021.
He said, higher production targets for pulses and oilseeds are important to reduce our dependence on import and to achieve the dream of Aatmanirbhar Bharat.
During the conference, the discussion was held to review and assess the preparedness for management of Kharif crops and ensuring availability of seeds, pesticides, fertilizers, machinery and their prepositioning at Block levels.
Mr Tomar said, agriculture sector has shown its resilience amid the adversities of COVID-19 pandemic.
He said, Agriculture and allied sectors have registered a continuous growth in GDP contribution.
As per Economic Survey 2020-21, the share of agriculture in GDP increased from 17.8 per cent in 2019-20 to 19.9 per cent in 2020-21.

Tata group gets CCI approval for BigBasket deal

The Tata group’s foray into the India’s growing e-grocery market has been sealed with the Competition Commission of India giving its nod to its $1 billion acquisition of
In a statement, the CCI said that it has given its approval for Tata Digital, a subsidiary of Tata Sons, acquiring 63.4 per cent acquisition of Supermarket Grocery Supplies Ltd, a B2B entity that owns online retail firm BigBasket.
The deal, sources say, values BigBasket at over $1.8 billion and is likely to provide an exit to both majority and minority stakeholders in the internet company, such as Chinese internet giant Alibaba.
Tata Digital is also in the process of taking on the likes of Vijay Shekhar Sharma’s Paytm in developing India’s first ‘super-app’ and is already in talks to acquire e-pharma start-up 1mg.

Uber declared cash incentives for vaccinating 150,000 drivers

Uber unveiled a Rs 18.5 crore (USD 2.5 million) initiative to get 150,000 drivers on its platform vaccinated over the next six months.
The company said in a statement, car, auto and Moto drivers on its platform showing valid digital vaccination certificates would be eligible for Rs 400 for each of their two Covid vaccine shots.
Head of Supply & Driver Operations, Uber India South Asia, Pavan Vaish, said, “We will soon begin communicating this initiative to drivers across all our product lines, and encourage them to take up the offer.”

CURRENT AFFAIRS: APPOINTMENT AND RESIGNATION NEWS

Kotak Mahindra Group declared new chiefs for insurance business

Kotak Mahindra Group announced two key appointments for their insurance businesses.
Mahesh Balasubramanian will be the Managing Director of Kotak Mahindra Life Insuranceand Suresh Agarwal will be the Managing Director and CEO of Kotak General Insurance.
These appointments will be effective May 1, 2021.
These moves come as G Murlidhar completes a 10-year term as the Managing Director of Kotak Life and superannuates on 30th April 2021.
He is one of the founding members of Kotak Life, and has played a pivotal role in not only growing the company to be profitable but also establishing it as a very high quality standard company, making Kotak Life amongst the leading Life Insurance companies in India.

Samir Seksaria appointed as CFO of TCS

Tata Consultancy Services (TCS) veteran Samir Seksaria took over as Chief Financial Officer of the country’s largest IT services firm.
He replaces V Ramakrishnan who retired a day earlier.
Seksaria started his career in 1999 and spent his early years in consulting assignments involving regulatory compliance and M&A spin-offs, amongst others.
He moved to Corporate Finance in 2004 and played a critical role in the company’s IPO.
Prior to being appointed as CFO, he was heading the financial analytics, planning and business finance functions.

Industries appoints Subir Chakraborty as new MD, CEO

Subir Chakraborty has taken over as MD and CEOof the storage battery major Exide Industries.
He has replaced Gautam Chatterjee, who has now been appointed as ‘whole-time advisor’ to the board of the company from May 1, 2021, for a period of three years.
Chatterjee, a veteran in the company for the last 39 years, was reappointed as MD & CEO for two years from May 1, 2019 till April 30, 2021.
He will also cease to be a member of the board of directors of the company with effect from May 1.
Based on the recommendation of the nomination and remuneration committee (NRC) and subject to approval of the shareholders, the board of directors approved the appointment of Chakraborty as MD and CEO, Exide said in a stock exchange filing.

CURRENT AFFAIRS : DEFENCE NEWS

US Army-led NATO military exercises DEFENDER-Europe 21 launched in Albania

On April 26, 2021, The US-Army led multinational, joint exercise ‘DEFENDER-Europe 21’ was kicked off in Albania.
It will be conducted in more than 30 training areas in 12 countries during April, May and June, including Western Balkan countries.
This was the annual US-led military exercises.
It will consist of 28,000 forces from 26 nations, including the United States, NATO countries and their allies.
It is designed to build readiness and interoperability between US and NATO and partner militaries.

About DEFENDER – Europe :

DEFENDER-Europe is an annual large-scale U.S. Army-led, multinational exercise, defensive in nature and focused on deterring aggression, which this year focuses on building operational readiness and interoperability with NATO and a greater number of allies and partners over a wider area of operations than ever before.

Indian Navy unveiled Op Samudra Setu-II for Shipment of Oxygen-filled Containers to India

Indian Navy has launched Operation Samudra Setu-II to augment the ongoing national mission for meeting the Oxygen requirements.
Mission deployed Indian Naval warships will undertake shipment of liquid Oxygen filled cryogenic containers and associated medical equipment in support of the nation’s fight against COVID-19.
Two ships INS Kolkata and INS Talwar have entered port of Manama, Bahrain for embarking and transporting 40MT of liquid oxygen to Mumbai.
INS Jalashwa is enroute to Bangkok and INS Airavat to Singapore for similar missions.
Last year Indian Navy had launched Operation Samudra Setu as part of the Vande Bharat Mission and repatriated approx 4000 (3992) stranded and distressed Indian citizens from Maldives, Sri Lanka and Iran.

CURRENT AFFAIRS : SUMMITS & CONFERENCES

Union Minister Ravi Shankar Prasad represents India at G-7 Digital and Technology Ministerial Meeting

Union Minister Ravi Shankar Prasad represented India at the G-7 Digital and Technology Ministerial Meeting.
India’s efforts to bring digital inclusion and empower ordinary citizens through the use of technology under the Digital India programme.
The Minister also shared India’s views on ensuring trust in the digital ecosystem, securing data privacy of users and creating a safe cyberspace with the G-7 Digital Ministers.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

Finance Minister Nirmala Sitharaman inaugurates India’s first 3D printed house at IIT-M

On April 27, 2021, Union Finance Minister Nirmala Sitharaman inaugurated the country’s first 3D printed house at IIT, Madras.
The single-storey home has a built-in area of 600 sq. ft. and a functional space comprising a single bedroom, hall, and kitchen.
It has been built in just five days.
The entire ensemble is designed, developed, and realised by Tvasta’s indigenous ‘Concrete 3D Printing’ Technology, which was developed by the faculty members and alumni of the IIT-Madras back in 2018.
It was developed in association with Habitat for Humanity’s Terwilliger Centre for Innovation in Shelter.
The 3D Printed House would help to meet the deadline of Prime Minister Narendra Modi’s vision of ‘housing for all’ scheme by 2022.

About TVASTA Manufacturing Solutions :

Co-Founder : Adithya V S

About IIT- Madras :

Director : Bhaskar Ramamurthi
Chairman : Pawan Kumar Goenka

Indian Scientists develop high-yielding and pest-resistant variety of soybean

Indian Scientists have developed a high-yielding and pest-resistant variety of soybean MACS 1407.
It is suitable for cultivation in the states of Assam, West Bengal, Jharkhand, Chhattisgarh and North-Eastern states.
Scientists from MACS- Agharkar Research Institute, Pune, in collaboration with Indian Council of Agricultural Research, New Delhi have developed this higher yielding varieties and improved practices for the cultivation of soybean.
The new variety MACS 1407 gives 39 quintals per hectare and it is also resistant to major insect pests like girdle beetle, leaf miner, white fly and defoliators.
It is suitable for rain-fed conditions of north- east India.

About ICAR :

Establishment : 16 July 1929
Director : Trilochan Mohapatra
Headquarters : New Delhi
The Indian Council of Agricultural Research (ICAR) is an autonomous body responsible for coordinating agricultural education and research in India.
It reports to the Department of Agricultural Research and Education, Ministry of Agriculture.
The Union Minister of Agriculture serves as its president.
It is the largest network of agricultural research and education institutes in the world

CURRENT AFFAIRS : RANKING & INDEX

Brand Finance Report : LIC 10th most-valuable insurance brand, third-strongest globally

State-owned insurance giant Life Insurance Corporation has emerged as the strongest and the tenth most valuable insurance brand globally in Brand Finance Insurance 100 report for 2021.
The annual report is released by London-based brand valuation consultancy firm Brand Finance.

Purpose :

To identify the most valuable and strongest insurance brands globally.
However, LIC’s brand value increased by almost 7 per cent to $8.65 billion.
There are five Chinese insurance companies in the top 10 most valuable insurance brands globally, with Ping An Insurance emerging the world’s most valuable insurance brand, despite recording a 26 per cent drop in brand value.
In the strongest insurance brands category, Italy’s Poste Italiane was at top position, followed by Mapfre of the US and LIC of India.
However, the total brand value of the world’s top 100 most valuable insurance brands declined by 6 percent from $462.4 billion in 2020 to $433.0 billion in 2021.

Based On the Report :

Most Valuable Indian Insurance Brand – LIC (10th)
Most Strongest Indian Insurance Brand – LIC (3rd)
Most Valuable Global Insurance Brand – Ping An Insurance, China
Most Strongest Global Insurance Brand – Poste Italiane, Italy

About LIC :

Chairperson: M R Kumar
Headquarters: Mumbai
Founded: 1 September 1956
Comes Under Ministry of Finance

CURRENT AFFAIRS : OBITUARIES

Renowned TV journalist and anchor Rohit Sardana Passes away

On April 30, 2021, Well-known TV journalist and anchor Rohit Sardana Passed away.
He was 40.
Rohit Sardana had long been associated with Zee Media.
He used to host the popular show – ‘Taal Thok Ke’, a debate programme that discusses contemporary issues in India on Zee News.
Presently Rohit Sardana, who has been the face of TV media for a long time, used to anchor the show ‘Dangal’, which aired on ‘Aaj Tak’ news channel.
Sardana was hugely popular with the masses for his good debating skills.

Achievements :

In 2018, Rohit Sardana was awarded the Ganesh Shankar Vidyarthi Award.

Former Attorney General Soli Sorabjee passes away

On April 30, 2021, Former Attorney General of India and renowned jurist Soli Sorabjee Passed away.
He was 91.
He was designated senior counsel of the Supreme Court in 1971.
He served as the Solicitor General of India from 1977 to 1980.
He became the Attorney General of India for the first time from 1989 to 1990 and then from 1998 to 2004.
He was appointed by the United Nations as a Special Rapporteur for Nigeria in 1997 to report on the human rights situation in that country.
Also, he became a member and later chairman of the UN Sub Commission on the Promotion and Protection of Human Rights from 1998 to 2004.

Achievements :

He was honored with India’s second-highest civilian award, Padma Vibhushan, in March 2002 for his defence of freedom of speech and the protection of human rights.

Daily CA On April 30 :

Honesty Day is celebrated on April 30 in the United States to encourage honesty and straightforward communication in politics, relationships, consumer relations and historical education.
International Jazz Day is an International Day declared by the United Nations Educational, Scientific and Cultural Organization in 2011 “to highlight jazz and its diplomatic role of uniting people in all corners of the globe.”
Bharat Biotech reduced the cost of COVAXIN vaccine for State governments. It will now cost 400 rupees per dose for State Governments instead of the earlier announced price of 600 rupees per dose.
The National Commission for Women has launched a WhatsApp helpline number for providing emergency medical assistance to pregnant women.
Union Minister Ravi Shankar Prasad represented India at the G-7 Digital and Technology Ministerial Meeting.
Union Transport Minister Nitin Gadkari inaugurated a mobile Covid RT-PCR test laboratory in Nagpur.
Maharashtra government has asked everyone to celebration Maharashtra Day in a simple manner on May 1.
Government has said that the procurement of Wheat in Rabi Marketing Season 2021-22 is going on smoothly in States and Union Territories.
Insurance regulator IRDAI has directed insurers to approve Covid-related cashless claims within 60 minutes of receiving appropriate documents from the claimant.
The country’s top two-wheeler maker Hero MotoCorp said it has launched a virtual showroom feature to help customers buy its motorcycles and scooters through a seamless digital experience amid rising in COVID-19 cases in the country.
Vedanta said its Chairman Anil Agarwal has pledged Rs 150 crore to help India in its fight against deadly COVID-19 second wave.
India’s second largest private sector lender, ICICI Bank, announced the launch of a comprehensive digital banking service that aims to empower over two crore offline and online retailers in the country.
A special resolution to appoint Samit Ghosh as chief executive officer of Ujjivan Financial Services Ltd. was defeated as it didn’t get the requisite share of votes.
Vikram Solar said it has appointed Milind Kulkarni as its Chief Technical officer (CTO).
Rahul Bajaj, one of the most successful business leaders in the country, has finally decided to hang his boots at Bajaj Auto, the company he nurtured and steered to one of the leading firms in two and three-wheeler space.
Airtel Africa named Olusegun (Segun) Ogunsanya, MD and CEO of Nigeria as the successor of Raghunath Mandava, as the new Managing Director and Chief Executive Officer for Africa business,, following Mandava’s announcement to retire.
Private sector lender Axis Bank said its board has approved the re-appointment of Amitabh Chaudhry as its Managing Director and CEO for three years with effect from January 1, 2022.
On April 28, 2021, National Telecommunications Institute for Policy Research, Innovation and Training (NTIPRIT), the apex training institute of Department of Telecommunications, Government of India conducted a webinar.
On April 27, 2021, China launched NEO-01 into low earth orbit. The NEO-01, which looks into deep space and observes small celestial bodies, was launched by the government’s Long March 6 rocket with a small number of satellites.
Microsoft and the United Kingdom’s Meteorological Office have decided to team up to build the most powerful supercomputer in the world to forecast weather and climate change.
On April 25, 2021, Indian Archery newly-wedded couple Atanu Das and Deepika Kumari won individual gold medals at the ongoing Archery World Cup Stage 1 in Guatemala.
On April 28, 2021, The American astronaut, Michael Collins, Passed away.

Daily CA On May 01 :

Labour Day is an annual holiday to celebrate the achievements of workers. Labour Day has its origins in the labour union movement, specifically the eight-hour day movement, which advocated eight hours for work, eight hours for recreation, and eight hours for rest.
As a special dispensation, the Centre has released in advance over 8873 crore rupees for State Disaster Response Fund (SDRF) to all the States.
On the occasion of the 151st birth anniversary of the father of Indian cinema, Dadasaheb Phalke, the National Film Archive of India (NFAI) has published a rich treasure of audio recordings in the public domain.
In homage to the legendary filmmaker, the Ministry of Information & Broadcasting will organize year-long centenary celebrations of late Satyajit Ray across India and abroad.
The Finance Ministry has decided to provide an additional amount of upto 15 thousand crore rupees to States as interest free 50 year loan for spending on capital projects.
China launched the core module of its space station, kicking off a series of key launch missions that aim to complete the construction of the station by the end of next year.
Madhya Pradesh government transferred Rs 61 crore into the accounts of more than 6 lakh 10 thousand street vendors of the state through Direct Benefit Transfer.
In Madhya Pradesh, the state government has launched the Corona Warriors Scheme. The government will take the responsibility of family members of health workers who have passed away while on Corona duty.
Agriculture Minister Narendra Singh Tomar has said that the target of foodgrains production for 2021-22 is 307 million tonnes.
The Tata group’s foray into the India’s growing e-grocery market has been sealed with the Competition Commission of India giving its nod to its $1 billion acquisition of
Uber unveiled a Rs 18.5 crore (USD 2.5 million) initiative to get 150,000 drivers on its platform vaccinated over the next six months.
Mahesh Balasubramanian will be the Managing Director of Kotak Mahindra Life Insuranceand Suresh Agarwal will be the Managing Director and CEO of Kotak General Insurance.
Tata Consultancy Services (TCS) veteran Samir Seksaria took over as Chief Financial Officer of the country’s largest IT services firm.
Subir Chakraborty has taken over as MD and CEOof the storage battery major Exide Industries.
On April 26, 2021, The US-Army led multinational, joint exercise ‘DEFENDER-Europe 21’ was kicked off in Albania. It will be conducted in more than 30 training areas in 12 countries during April, May and June, including Western Balkan countries.
Indian Navy has launched Operation Samudra Setu-II to augment the ongoing national mission for meeting the Oxygen requirements.
Union Minister Ravi Shankar Prasad represented India at the G-7 Digital and Technology Ministerial Meeting.
On April 27, 2021, Union Finance Minister Nirmala Sitharaman inaugurated the country’s first 3D printed house at IIT, Madras.
Indian Scientists have developed a high-yielding and pest-resistant variety of soybean MACS 1407. It is suitable for cultivation in the states of Assam, West Bengal, Jharkhand, Chhattisgarh and North-Eastern states.
State-owned insurance giant Life Insurance Corporation has emerged as the strongest and the tenth most valuable insurance brand globally in Brand Finance Insurance 100 report for 2021.
On April 30, 2021, Well-known TV journalist and anchor Rohit Sardana Passed away.
On April 30, 2021, Former Attorney General of India and renowned jurist Soli Sorabjee Passed away.