29th May, 2024
Incoming calls, Kabak Yano, SQUAD, Nepal, Penalty, Dhokra art, Military Gender Advocate, International Day of Action for Women’s Health, May 28: World Hunger Day, Formula One (F1) , Archery World Cup 2024 (Stage 2), Asian Gymnastics Championships 2024, Highlights of IPL Season 17, MotoGP Bharat 2024 Cancelled, Indian Oil, Hydrogen production, AI health tech
- Incoming calls for service, transactions will display 160 as a prefix
- Kabak Yano becomes the first woman from the Nyishi tribe to scale Mount Everest
- The US aims to institutionalize a new minilateral grouping called ‘SQUAD’
- Nepal to legalize marijuana cultivation for medicinal purposes
- RBI imposes monetary penalties on ICICI Bank, and YES Bank for rule violations
- NMDC Steel Limited depicts Chhattisgarh’s Dhokra art in it’s new logo
- Coal India incorporates new arm for coal-to-chemical business
- Indian Peacekeeper Wins 2023 Military Gender Advocate of the Year Award
- May 28: International Day of Action for Women’s Health
- May 28: World Hunger Day
- Results of Formula One (F1) Monaco Grand Prix – 2024
- Highlights of Archery World Cup 2024 (Stage 2)
- Asian Gymnastics Championships 2024: Dipa Karmakar wins historic gold medal for India
- Highlights of IPL Season 17
- MotoGP Bharat 2024 Cancelled, Race Shifted To 2025
- Indian Oil provides Indian Army with Green Hydrogen Fuel Cell Buses for use in Delhi-NCR
- BHEL signs Technology Transfer Agreement with BARC for Hydrogen production
- TCS, IIT-Bombay team up for chip imaging tool
- Wipro, IISc partner for AI health tech
Table of Content
National News
- Incoming calls for service, transactions will display 160 as a prefix
- What: The Department of Telecom (DoT) has introduced a new 10-digit numbering series starting with 160 for service and transactional calls made by government bodies, regulators, and financial entities.
- Why: This move aims to help subscribers differentiate between legitimate calls from these entities and fraudulent calls from scammers posing as government officials.
- Tell me more:
- The 10-digit number will be issued in 1600ABCXXX format for government and regulators where:
- AB represents the code of the telecom circle (e.g., 11 for Delhi, 22 for Mumbai).
- The digit at the C place indicates the code of the telecom operator (Like Airtel, JIO)
- XXX consists of digits between 000 and 999.
- Similarly, for financial entities regulated by RBI, SEBI, PFRDA, and IRDAI, the 10-digit number will be issued in the 1601ABCXXX format.
- In this series, 1 is added.
- Note: Telecom service providers (TSPs) must verify each entity before assigning a number from the 160 series, ensuring its exclusive use for service and transactional voice calls as per the Telecom Commercial Communication Customer Preference Regulation (TCCCPR) 2018.
Source: Indian Express
- The 10-digit number will be issued in 1600ABCXXX format for government and regulators where:
State News
- Kabak Yano becomes the first woman from the Nyishi tribe to scale Mount Everest
- What: Kabak Yano, a woman climber from Arunachal Pradesh has written her name in history by summiting Mount Everest.
- With this remarkable achievement, she becomes the 5th woman climber from Arunachal Pradesh and 1st woman from the Nyishi Community to achieve such a feat.
Source: PIB
| Knowledge Nuggets - |
|---|
| Nyishi Tribe - Previously known as the Daffla, it is the largest ethnic group in Arunachal Pradesh. - The Nyishi believes that they are descendants of Abo Tani (progeny of first human being on Earth). - Polygyny is prevalent and Longte is a major festival. |
International News
- The US aims to institutionalize a new minilateral grouping called ‘SQUAD’
- What: The USA is looking to launch a new grouping named “SQUAD” a new grouping for the Indo-Pacific region.
- Members: Australia, Japan, the Philippines, and the United States.
- Aim: The Squad places a strong emphasis on hard power security.
Source: Eurasia
- Nepal to legalize marijuana cultivation for medicinal purposes
- What: Nepal has legalized the cultivation of Marijuana.
- Marijuana is a type of drug, which is generally banned globally
- Why it has legalized: The decision aims to facilitate the use of cannabis for medical treatment and scientific research.
Source: Deccan Herald
- What: Nepal has legalized the cultivation of Marijuana.
Banking and Economy
- RBI imposes monetary penalties on ICICI Bank, and YES Bank for rule violations
- What: The RBI has taken action against ICICI Bank and YES Bank for rule violations.
- Tell me more:
- ICICI Bank: The central bank imposed a monetary penalty of ₹1 crore on ICICI Bank.
- Why: The penalty was imposed because ICICI Bank had sanctioned term loans to certain entities without conducting due diligence on the viability and bankability of the projects.
- YES Bank: The RBI levied a penalty of ₹91 lakh on YES Bank.
- Why: The penalty is levied as the bank had levied charges for non-maintenance of minimum balance in certain savings accounts having insufficient or zero balance, violating RBI guidelines.
- YES Bank also opened and operated certain internal accounts in the name of its customers for unauthorized purposes, like parking funds and routing customer transactions.
Source: Business Standard
- ICICI Bank: The central bank imposed a monetary penalty of ₹1 crore on ICICI Bank.
| Knowledge Nuggets - |
|---|
| About Zero balance rule of RBI - The RBI’s 2014 circular states that banks should inform the customers immediately if the minimum balance requirement is not being met. They should also inform customers about the penal charges that would be applicable for not maintaining a minimum balance in savings accounts. It should be ensured that the balance in the savings account does not turn into a negative balance on account of the levy of charges for non-maintenance of minimum balance. - Instead of levying penal charges for non-maintenance of minimum balance in ordinary savings bank accounts, banks should limit the services available on such accounts to those available to basic savings bank deposit accounts (BSBDA) and restore regular services when the balance returns to the required level. |
- NMDC Steel Limited depicts Chhattisgarh’s Dhokra art in it’s new logo
- What: National Mineral Development Corporation (NMDC Steel Limited), a state-run company, has recently revealed its new logo, which prominently features the Dhokra art of Chhattisgarh.
Source: Business Standard
- What: National Mineral Development Corporation (NMDC Steel Limited), a state-run company, has recently revealed its new logo, which prominently features the Dhokra art of Chhattisgarh.
| Knowledge Nuggets - |
|---|
| Dhokra Art - Dhokra art is a traditional metal casting technique that originated in India, specifically in the states of West Bengal, Jharkhand, and Odisha. - It uses the ancient lost-wax casting method, creating clay models covered with wax and then encased in clay. The art involves casting non-ferrous metals like copper, brass, or bronze to create both utilitarian and decorative pieces |
- Coal India incorporates new arm for coal-to-chemical business
- What: State-owned Coal India announced the incorporation of a subsidiary firm, Bharat Coal Gasification and Chemicals Ltd (BCGCL)
- Why: To start a coal-to-chemicals business.
- The coal-to-chemicals business involves converting coal into chemical products through various industrial processes,
- It can then be used for producing fertilizers, fuels, and other chemical products from coal-derived materials.
- Tell me more:
- Ownership: Coal India (CIL) holds a majority 51 percent stake in the new entity while the remaining 49 percent is owned by BHEL.
Source: Economic Times
- Ownership: Coal India (CIL) holds a majority 51 percent stake in the new entity while the remaining 49 percent is owned by BHEL.
Awards
- Indian Peacekeeper Wins 2023 Military Gender Advocate of the Year Award
- What: An Indian military peacekeeper, Major Radhika Sen, serving with the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO) will receive the 2023 United Nations Military Gender Advocate of the Year Award.
- Why: For her outstanding leadership and commitment were demonstrated during her service as the Commander of the Engagement Platoon for the Indian Rapid Deployment Battalion in the eastern Democratic Republic of the Congo from March 2023 to April 2024.
- Tell me more:
- She will receive the award from UN Secretary-General António Guterres
- Major Sen is the second Indian peacekeeper to receive this prestigious award following in the footsteps of Major Suman Gawani who was a co-recipient for 2019.
Source: UN
| Knowledge Nuggets - |
|---|
| - The United Nations Military Gender Advocate of the Year Award was created in 2016 to recognize the efforts of individual military peacekeepers in advancing gender equality and promoting peace. - India is currently the 11th largest contributor of women military peacekeepers to the United Nations with 124 now deployed. |
Important Days
- May 28: International Day of Action for Women’s Health
- What: The International Day of Action for Women’s Health is observed annually on May 28.
- Why: On this day, organizations and activists come together to raise awareness about women’s health issues and advocate for sexual and reproductive health and rights (SRHR) for all.
- Theme: Mobilizing in Critical Times of Threats and Opportunities
Source: Indian Express
- May 28: World Hunger Day
- What: World Hunger Day is observed every year on May 28.
- Why: This day raises awareness about the urgent issue of global hunger.
- The theme for World Hunger Day 2024 is “Thriving Mothers, Thriving World.”
Source: NDTV
Sports
- Results of Formula One (F1) Monaco Grand Prix – 2024
- What: The 2024 Monaco Grand Prix was held in Monaco.
- Results:
Source: Formula 1
- Highlights of Archery World Cup 2024 (Stage 2)
- What: Stage 2 of the Archery World Cup 2024 was held in Yecheon, Republic of Korea (South Korea)
- Tell me more:
- India won 2 medals (1 gold and 1 silver) in the Archery World Cup 2024 Stage 2.
- The Archery World Cup consists of Five stages.
- The Indian women’s compound team of Aditi Gopichand Swami, Jyothi Surekha Vennam ,and Parneet Kaur won the gold medal defeating the Turkish team.
- Compound team: The archery discipline uses two main types of bows: recurve and compound. So, compound is a type of Bow.
- India’s mixed archery team of Jyothi Surekha Vennam and Priyansh won the silver medal. The USA defeated them in the finals.
- Results of Stage 1: The stage 1 was held in Shanghai, China.
- India won eight medals (five gold, two silver, and one bronze).
- India won 2 medals (1 gold and 1 silver) in the Archery World Cup 2024 Stage 2.
Source: Olympics
| Knowledge Nuggets - |
|---|
| About Archery World Cup 2024 - Archery World Cup 2024, the 18th edition event, is annually organized by the World Archery Federation. This is a five-stage event which is being held from April to October 2024. - The 2024 Archery World Cup Stage 1 was held in Shanghai, China in April 2024. - Stage 2 was held in Yecheon, South Korea in May 2024. - The Archery World Cup Stage 3 will be held in Antalya, Türkiye in June 2024. - India currently ranks first on the list (highest number of gold medals) followed by South Korea and the USA. |
- Asian Gymnastics Championships 2024: Dipa Karmakar wins historic gold medal for India
- What: Dipa Karmarkar (from Tripura) has become the first Indian gymnast to win a gold medal in the women’s vault apparatus at the Asian Gymnastics Championships 2024.
- Silver: Kim Son-hyang (North Korea)
- Bronze: Jo Kyong-byol (North Korea)
- Tell me more:
- Hosted by: Tashkent, Uzbekistan.
- Deepa was the first female gymnast from India to compete in the Olympics.
- She finished 4th at the 2016 Summer Olympics, held in Rio de Janeiro, Brazil.
Source: Olympics
- She finished 4th at the 2016 Summer Olympics, held in Rio de Janeiro, Brazil.
- What: Dipa Karmarkar (from Tripura) has become the first Indian gymnast to win a gold medal in the women’s vault apparatus at the Asian Gymnastics Championships 2024.
- Highlights of IPL Season 17
- What: Kolkata Knight Riders (KKR) has won the championship title of the 17th season of the Indian Premier League (IPL 2024) by defeating Sunrisers Hyderabad (SRH) by eight wickets.
- Tell me more:
- Final venue: MA Chidambaram Stadium, Chennai, Tamil Nadu (TN).
- KKR’s previous titles: This marks KKR’s 3rd IPL title. The team has previously won the title in 2012 and 2014 under the captaincy of Gautam Gambhir.
- The KKR team is owned by Bollywood Actor Shah Rukh Khan; Actress Juhi Chawla and her husband Jay Mehta.
- Head Coach- Gautam Gambhir
- Total Teams: 10 teams competed in 74 matches, which were held across 13 cities in India.
- Title Sponsor: TATA Group has secured the title sponsorship rights of IPL for 5 years (2024 to 2028) for Rs 2500 crore.
- Note: Virat Kohli became the first batsman to reach 8,000 IPL runs.
Other awards:
Source: IPL
- MotoGP Bharat 2024 Cancelled, Race Shifted To 2025
- What: The India round of the MotoGP championship will not take place on the scheduled date in September and instead has been moved to March 2025.
- The reasons for the cancellation have not been specified yet.
- Tell me more:
- The last edition was held at the Buddh International Circuit in Greater Noida and was won by Italy’s Marco Bezzecchi.
Source: NDTV
- The last edition was held at the Buddh International Circuit in Greater Noida and was won by Italy’s Marco Bezzecchi.
- What: The India round of the MotoGP championship will not take place on the scheduled date in September and instead has been moved to March 2025.
Memorandum of Understanding
- Indian Oil provides Indian Army with Green Hydrogen Fuel Cell Buses for use in Delhi-NCR
- What: Indian Oil Corporation Ltd. (Indian Oil) has handed over a state-of-the-art green hydrogen fuel cell bus to the Indian Army.
- This will promote sustainable, eco-friendly transportation solutions.
Source: Indian Oil
- BHEL signs Technology Transfer Agreement with BARC for Hydrogen production
- What: Bharat Heavy Electricals Limited (BHEL) has entered into a Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC)
- Why: To supply 50 kW alkaline electrolyzer systems for the production of green Hydrogen.
- An alkaline electrolyzer is a device that uses electricity and water to produce hydrogen gas
Source: BHEL
- An alkaline electrolyzer is a device that uses electricity and water to produce hydrogen gas
- TCS, IIT-Bombay team up for chip imaging tool
- What: Tata Consultancy Services (TCS) and IIT Bombay have collaborated to develop India’s first Quantum Diamond Microchip Imager.
- Tell me more:
- Benefits: This advanced sensing tool is designed for semiconductor chip imaging and aims to reduce the chances of chip failures while enhancing the efficiency of electronic devices.
Source: The Times of India
- Benefits: This advanced sensing tool is designed for semiconductor chip imaging and aims to reduce the chances of chip failures while enhancing the efficiency of electronic devices.
- Wipro, IISc partner for AI health tech
- What: Wipro, has recently partnered with the Centre for Brain Research (CBR) at the Indian Institute of Science (IISc)
- Why: To collaborate on AI-driven health innovations.
- Tell me more:
- This partnership aims to leverage the power of artificial intelligence (AI), to develop new technologies for the prevention and management of long-term health disorders.
- Arthritis, Asthma, and Diabetes are some example of long-term health disorders.
- Centre for Brain Research (CBR), which is an autonomous, non-profit research organization at the Indian Institute of Science (IISc).
Source: Times of India
- This partnership aims to leverage the power of artificial intelligence (AI), to develop new technologies for the prevention and management of long-term health disorders.
About Anuj Jindal
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Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.
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