DAILY CURRENT AFFAIRS

By admin: May 29, 2023

Srikrishnan Harihar Sarma appointed as MD & CEO of Karnataka Bank

Tags: Person in news

Karnataka Bank appointed Srikrishnan Harihar Sarma as its new Managing Director and Chief Executive Officer (CEO).

An Overview of the News

• Sarma has vast experience in commercial, retail and transactional banking, technology and payments.
• The appointment is subject to the approval of the shareholders in the ensuing Annual General Meeting or within a period of three months from the date of joining, whichever is earlier.

Karnataka Bank

• The Karnataka Bank Limited was incorporated on 18 February 1924 and commenced business on 23 May 1924.
• The bank was established in Mangalore, a coastal city in the Dakshina Kannada district of Karnataka.
• BR Viceroy was one of the founders of the Pickle Bank, which aimed to serve the South Canara region.
• KSN Adiga served as the chairman of Karnataka Bank Limited from 1958 to 1979.
• In 2021, Karnataka Bank Limited incorporated its wholly owned non-financial subsidiary, KBL Services Limited, with its registered and head office at Bangalore.

About Karnataka

• It is a state in southwest India and is bordered by Maharashtra to the north, Goa to the northwest, Andhra Pradesh to the east, Tamil Nadu to the southeast, and Kerala to the southwest.
• Bengaluru, the capital of Karnataka, is known as the "Silicon Valley of India" and is a major centre of technology and innovation.
• Hampi, located in northern Karnataka, was once the capital of the Vijayanagara Empire and is now a UNESCO World Heritage Site.

Chief Minister - Basavaraj Bommai

Governor - Thawar Chand Gehlot

Official Animal - Indian Elephant

Official Bird - Indian Roller

57th Jnanpith Award was given to Goan writer Damodar Maujo

Tags: Awards

Goan writer Damodar Maujo has been honoured with the 57th Jnanpith Award, India's highest literary honour.

An Overview of the News

• He is a renowned short story writer, novelist, critic and screenwriter in Konkani language.
• Damodar Maujo is the second Goan to receive the Jnanpith Award after Ravindra Kelekar in 2008.
• He has written 25 books in Konkani and one in English, many of which have been translated into various languages.
• Mauzo’s famous novel ‘Karmelin’ received the Sahitya Akademi Award in 1983.
• The award ceremony took place at the Raj Bhavan near Panaji, the capital of Goa.

Jnanpith Awards:

• It is the oldest and highest Indian literary award presented annually by Bharatiya Jnanpith.
• It recognizes outstanding contributions to literature by Indian authors writing in English as well as in the Indian languages listed in the Eighth Schedule to the Constitution of India.
• The first award was given on 19 November 1966 to G.K. Shankar Kurup was awarded.
• The award was established in 1961 and is not given posthumously.
• Ashapurna Devi became the first woman recipient in 1976 for her novel "Prothom Protishruti" (The First Promise).

About Goa

It is a state located on the west coast of India, bordering the Arabian Sea.

It is the smallest state of India by area.

Formation (as a state) - 30 May 1987

Capital - Panaji

Official Animal - Gaur

Official Bird - Yellow Throated Bulbul

Official Tree - Terminalia elliptica

Rajya Sabha - 1 seat

Lok Sabha - 2 seats

Governor - PS Sreedharan Pillai

Chief Minister - Pramod Sawant

Max Verstappen wins Monaco Grand Prix 2023

Tags: Sports

Red Bull's Max Verstappen has won the 2023 Monaco Grand Prix, his fourth win of the season.

An Overview of the News

• He led all 78 laps from pole position.
• The win extended his lead in the Drivers' Championship to 39 points.
• Fernando Alonso finished second in the race.
• Esteban Ocon took third place.
• Charles Leclerc retired from the race after a collision with Carlos Sainz.

Monaco Grand Prix (Grand Prix de Monaco):

• It is an annual Formula One motor racing event.
• It has been held since 1929 and is considered to be one of the most important and prestigious automobile races globally.
• The race takes place on the Circuit de Monaco, and it is a famous track.

Netherlands:

It is located in northwestern Europe.

Capital - Amsterdam

Official language - Dutch

Emperor - Willem-Alexander

Prime Minister - Mark Rutte

Uttar Pradesh Hockey won the 13th Hockey India Sub Junior Men National Championship 2023

Tags: Sports

Uttar Pradesh Hockey emerged as the champions of the 13th Hockey India Sub-Junior Men's National Championship 2023.

An Overview of the News

• Its final was held at Birsa Munda Hockey Stadium, Odisha.
• Uttar Pradesh Hockey defeated Odisha Hockey Association in the final.
• Hockey Haryana defeated Hockey Madhya Pradesh to secure the third position.

Uttar Pradesh:

• Uttar Pradesh is a state located in the northern part of India.
• It has a population of over 240 million, making it the most populous state in India as well as the most populous subdivision in the world.
• The state was officially established in 1950.
• Chief Minister - Yogi Adityanath
• Capital - Lucknow
• Governor - Anandiben Patel
• Rajya Sabha - 31 seats
• Lok Sabha - 80 seats

Odisha:

• Capital- Bhubaneswar
• Governor - Ganeshi Lal
• Chief Minister - Naveen Patnaik

Madhya Pradesh:

• It is the second largest state of India by area after Rajasthan.
• Forests occupy 25.14 percent of its area.
• Governor - Mangubhai Patel
• Chief Minister - Shivraj Singh Chouhan
• Capital - Bhopal

MOC approves Neeraj Chopra's proposal to train in Kuortane

Tags: Sports News

The Mission Olympic Cell (MOC) accepted Neeraj Chopra's proposal to train in Kuortane, Finland.

An Overview of the News

• Olympic gold medalist Neeraj Chopra will train at the Kuortane Olympic Training Center in Finland.
• MOC approved paddler Payas Jain's proposal for an advanced training camp in Taiwan.
• Manika Batra and Sathiyan Gnanasekaran, Indian table tennis stars, received approval for their proposals to bring in personal coaches Aman Balgu and Raman Subramanian respectively for several events.
• Accepted proposals will cover expenses like air travel, camping expenses, boarding and lodging cost, medical insurance and out-of-pocket allowance.

About Finland

• It is a northern European nation and shares borders with Sweden, Norway, and Russia.
• The capital city of Finland is Helsinki.
• Helsinki is situated on a peninsula and is surrounded by islands in the Baltic Sea.
• Suomenlinna, an 18th-century sea fort, is a major attraction in Helsinki.
• The Northern Lights or Aurora Borealis can be seen in the Arctic Lapland province of Finland.

President - Sauli Niinisto

Prime Minister - Sanna Marin

India gets approval to set up second hydroelectric project in Nepal

Tags: International News

The Government of Nepal has approved India's Sutlej Jal Vidyut Nigam Limited (SJVN) to develop the second hydroelectric project in the country.

An Overview of the News

• SJVN is currently involved in the development of the Arun-III Hydroelectric Project in eastern Nepal with a capacity of 900 MW.
• The Investment Board Nepal (IBN), chaired by Prime Minister Pushpa Kamal Dahal, approved the draft Project Development Agreement (PDA) between Nepal and SJVN.
• The PDA is for development of the Lower Arun Hydroelectric Project in eastern Nepal with a capacity of 669 MW.
• The Lower Arun Hydroelectric Project is to be developed by SJVN.

About Nepal

• The kingdom of Nepal was established by the Shah dynasty.
• It is a landlocked country in South Asia.

Prime Minister - Pushpa Kamal Dahal Prachanda

President - Ram Chandra Paudel

Capital - Kathmandu

Currency - Nepalese Rupee

Anti-corruption working group meeting under G20 India Presidency concluded in Tehri

Tags: Summits

The three-day Anti-Corruption Working Group meeting under the G20 India Presidency concluded in Tehri, Uttarakhand.

An Overview of the News

• Rahul Singh, Additional Secretary, Department of Personnel and Training, chaired the meeting as the Chairman of the G20 Anti-Corruption Working Group.
• The meeting focused on combating corruption and discussed various key topics and areas.
• Discussions included asset recovery, fugitive economic offenders, formal and informal channels of cooperation for information sharing, institutional framework to combat corruption and mutual legal assistance.
• Three high-level principles were agreed upon: promoting the integrity and effectiveness of responsible public bodies and officials, international law enforcement cooperation and information sharing, and preventing and combating corruption.
• The meeting saw the participation of over 90 delegates from 20 member states, 10 invitees and representatives of nine international organisations.

About Uttarakhand

Formation - 9 November 2000

Capital- Dehradun

District - 13

Governor - Gurmeet Singh

Chief Minister - Pushkar Singh Dhami

Legislative Assembly - Uttarakhand Legislative Assembly (70 seats)

Rajya Sabha - 3 seats

Lok Sabha - 5 seats

International Day of United Nations Peacekeepers - 29 May

Tags: Important Days

The International Day of United Nations Peacekeepers is observed annually on 29 May.

An Overview of the News

• It is a day dedicated to honouring the contribution and sacrifice of United Nations (UN) peacekeepers.
• The day recognizes the efforts of peacekeepers in maintaining peace and security around the world.
• It also serves as a tribute to those who have lost their lives while serving as peacekeepers.
• The theme for the 75th anniversary of the International Day of UN Peacekeepers 2023 is "Peace begins with me".
• The theme acknowledges the service and sacrifice of peacekeepers, both past and present.

History of International Day of United Nations Peacekeepers

• It was established by the United Nations General Assembly in 2002.
• It aims to honour and remember the brave peacekeepers who lost their lives in the pursuit of global peace.
• May 29, 1948, marks the establishment of the first UN peacekeeping mission.
• On that day, the United Nations Security Council authorised the creation of the United Nations Truce Supervision Organization (UNTSO).
• UNTSO's purpose was to oversee the implementation of the ceasefire in the Israeli–Palestinian conflict.
• The establishment of UNTSO laid the foundation for subsequent peacekeeping efforts by the United Nations around the world.

United Nations Truce Supervision Organization

Headquarters: Jerusalem

Head: Major General Patrick Gauchat

Established: 29 May 1948

ISRO to launch navigation satellite, NVS-1

Tags: Science and Technology

The Indian Space Research Organization (ISRO) will launch its next-generation navigation satellite, NVS-1, from Sriharikota on 29 May.

An Overview of the News

• The spacecraft is part of the Navigation with Indian Constellation (NavIC) series.
• NVS-1 weighs approximately 2,232 kg and will be launched by a GSLV F12 rocket from the second launch pad at Satish Dhawan Space Centre, Sriharikota.
• NVS-1 is the first of the second generation satellites envisaged for the NavIC series.
• The NVS series of satellites aims to maintain and enhance the NavIC system with advanced features.
• NavIC provides two services: Standard Positioning Service for civilian users and Restricted Service for strategic users.
• After this mission, India will join three other countries of the world with its navigation system.
• The satellite will carry an indigenously developed rubidium atomic clock for accurate GPS location timing.

Indian Space Research Organization (ISRO):

• It was established on 15 August 1969.
• It is the national space agency of India. It launches its space rocket from Satish Dhawan Space Center in Sriharikota, Andhra Pradesh.
• Headquarters: Bengaluru
• Chairman: S Somnath