Regular current affairs viable of 1st May 2021. – Here is the Regular current affairs viable of 1st May 2021. covering the following news headlines: Border Roads Organisation, United Kingdom, ‘Oxygen on wheels, SIDBI, Tribal Co-operative Marketing Federation of India.
Daily Current Affairs update are incorporated with the important news that made the current affairs headlines for competitive exams. Daily Current Affairs Update is the complete box of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc.
So, here is the GK update of 1st May 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.
Here current affairs have been categorized which is as follows:
- International News
- Business News
- State News
- Agreements News
- Appointments News
- Ranks and Reports News
- Important Days
- Miscellaneous News
- Obituaries News
International News
- UK become the first country to allow Driverless cars on roads
- The United Kingdom has become the first country to announce a rule for the use of self-driving vehicles at low speeds. The UK prefers to be at the forefront of pursuing autonomous driving technology.
- The UK government has estimated that around 40% of UK cars will have self-driving capability by 2035. This will create 38,000 jobs in the country.
- The ALKS speed limit is to be determined at 37 mph. ALKS will drive itself into a lane.
Important takeaways for all competitive exams:
- Capital of the United Kingdom: London.
- Prime minister of United Kingdom: Boris Johnson.
Business News
- SIDBI launches SHWAS and AROG Loan Schemes for MSMEs
- Small Industries Development Bank of India (SIDBI) has launched two loan products for MSMEs with the necessary financial support in the fight against this epidemic of COVID-19.
- These two new accelerated credit disbursement schemes will facilitate funding by MSMEs for production and services related to the supply of oxygen cylinders, oxygen concentrations, oximeters and essential drugs.
The two new loan products are:
- SHWAS – SIDBI assistance to Healthcare sector in War Against Second wave of COVID19.
- AROG – SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic.
- The scheme has been prepared under the guidance of the Government of India (GOI), which facilitates funding for production and services related to the supply of oxygen cylinders, oxygen concentrators, oximeters and essential medicines.
Important takeaways for all competitive exams:
- SIDBI Headquarters: Lucknow, Uttar Pradesh;
- SIDBI set up on 2nd April 1990;
- CMD of SIDBI: S Raman.
State News
- Karnal Admin rolls out ‘Oxygen on wheels’ to tackle oxygen crisis
- Due to acute oxygen deficiency across the country, the Karnal administration (Haryana) has launched on Oxygen on Wheels’ to help hospitals in the fight against COVID-19 epidemic and oxygen crisis.
- Its main objective is to ensure the supply of medical oxygen to hospitals treating Covid-19 patients.
- Under this initiative, a carrier vehicle called a mobile oxygen bank filled with 100 oxygen cylinders arrives at any district hospital, where it is urgently needed to be supplied.
- It is capable of meeting the demands of individual hospitals in the round clock service sector. This initiative is 24 * 7 for all hospitals in Karnal district.
Important takeaways for all competitive exams:
- Haryana Capital: Chandigarh.
- Haryana Chief Minister: Manohar Lal Khattar.
- Haryana Governor: Satya dev Narayan Arya.
Agreements News
- TRIFED inks MoU with ‘The LINK Fund’ for tribal development
- The Tribal Co-operative Marketing Federation of India (TRIFED), has entered into a Memorandum of Understanding (MoU) with a link, a collaborative project named “Sustainable Livelihoods for Aboriginal Families in India”. Under the project, the two institutions will work together to:
- Providing support for tribal development and employment generation, price rise in tribals and their produce and products;
- Sustainable livelihoods and value addition to promote income and employment generation through technological interventions for efficiency in value addition to MFP, production and craft diversification, skill training and value addition in small forest produce.
Appointments News
- Amitabh Chaudhry Re-appointed as MD & CEO of Axis Bank
- Amitabh Chaudhary has been reappointed by the bank board as managing director and CEO of private sector lender Axis Bank for three more years. His second 3-year term will start from January 1, 2022 until December 31, 2024.
- Chaudhary was first appointed as the Managing Director (MD) and CEO of Axis Bank for a period of three years from January 1, 2019 to December 31, 2021 at the insurance company.
Important takeaways for all competitive exams:
- Axis Bank Headquarters: Mumbai;
- Axis Bank Founded: 1993.
Ranks and Reports News
- LIC Among Top Ten Most-Valuable Insurance Brand Globally
- In the Brand Finance Insurance 100 report for 2021, the state-owned Insurance Life Insurance Corporation (LIC) ‘has emerged as the third-strongest and tenth most valuable insurance brand globally.
- The annual report is released by Brand Finance, a London-based brand valuation consultancy firm, to identify the most valuable and solid insurance brands globally.
According to 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 Italian, Italy
Important Days
- International Workers’ Day: 1st May
- International Labor Day (also known as May Day or International Workers’ Day) is celebrated all over the world on 1 May every year.
- The day celebrates the struggle, dedication and commitment of the working class and is an annual public holiday in many countries.
- On May 1, 1886, Chicago and some other cities were the site of a major union demonstration in support of the demand for an eight-hour workday.
- In 1889, the International Socialist Conference announced that in Haymarket’s commemoration, May 1 would be an international holiday for the labor force, now also known as International Workers’ Day.
Important takeaways for all competitive exams:
- Headquarters of International Labour Organization: Geneva, Switzerland.
- International Labour Organization Founded: 1919.
- President of International Labour Organization: Guy Ryder.
Miscellaneous News
- Vaishali Hiwase becomes 1st woman to be appointed officer commanding in BRO
- Vaishali S Hiwase became the first woman officer to be appointed as Commanding Officer at Border Roads Organization (BRO) where she would be responsible for providing connectivity through the India-China border road. Vaishali hails from Wardha in Maharashtra, and has successfully met a successful tenure in Kargil.
- For the first time, the Border Roads Organization (BRO) has appointed a woman officer to hand over the command to a road construction company (RCC) to provide connectivity in an elevated area along the India-China border.
Important takeaways for all competitive exams:
- BRO Headquarters: New Delhi.
- BRO Founded: 7 May 1960.
- Director-General of BRO: Lt. Gen. Rajeev Chaudhary.
Obituaries New
- Senior TV Journalist Rohit Sardana Passes Away
- Renowned TV journalist and news anchor, Rohit Sardana, has passed away, due to a heart attack, following the deadly COVID-19 infection. The young journalist was just 41-year-old. Sardana was associated with Zee News since 2004, before moving to AajTak in 2017.
- With Zee News, he hosted Taal Thok Ke, an event that discusses contemporary issues in India, while with Aaj Tak, he was hosting the debate show “Dangal”. Sardana was awarded the Ganesh Shankar Vidyarthi Award by the Government of India in 2018.
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