Daily GK News viable of 8th May 2021. – Here is the Regular current affairs viable of 8th May 2021. covering the following news headlines: World Migratory Bird Day, Forest Ponds, Chief Minister of Puducherry, Regulatory Review Authority (RRA 2.0), Lakshmi Vilas Bank.
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 8th 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:
- Banking News
- State News
- Business News
- Important Days
- Obituaries News
Banking News
- RBI sets up an advisory group to assist RRA 2.0
- The Reserve Bank of India (RBI) has formed an advisory group to help the Second Regulatory Review Authority (RRA 2.0), which was set up by the central bank on May 01, 2021 to streamline the rules and reduce the burden of compliance with regulated entities.
- The Advisory Group will be headed by SBI Managing Director S Janakiraman.
- The Second Regulatory Review Authority (RRA 2.0), established for a period of one year from May 01, 2021, to review and streamline regulations, circulars, reporting systems and compliance procedures to make them even more effective.
- The group will assist the RRA 2.0 by identifying regulations, guidelines, and returns that can be rationalised, and submit reports periodically to RRA containing the recommendations/suggestions.
Important takeaways for all competitive exams:
- RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.
State News
- Himachal Pradesh is Building ‘Forest Ponds’ to Harvest Rainwater
- Under the Parvat Dhara scheme, the Himachal Pradesh government has initiated rejuvenation of water sources and recharging aquifers through the forest department with an outlay of Rs 20 crore.
- The work was started in 10 forest divisions that include Bilaspur, Hamirpur, Jogindernagar, Nachan, Parvati, Nurpur, Rajgarh, Nalagarh, Theog and Dalhousie.
- Under the scheme, the cleaning and maintenance of existing ponds have been done. Also, the construction of new ponds, contour trenches, dams, check dams and retaining wall to control the soil erosion has been done.
- The scheme aims to enhance the water level by retaining water for the maximum period. Efforts are also being made to improve the green cover by planting fruit-bearing plants.
Important takeaways for all competitive exams:
- Himachal Pradesh CM: Jai Ram Thakur.
- Himachal Pradesh Governor: Bandaru Dattatreya.
- N Rangasamy Sworn in as Chief Minister of Puducherry
- The All India NR Congress (AINRC) founder leader N Rangasamy has been sworn in as the Chief Minister of the Union Territory of Puducherry, for a record fourth time, on May 07, 2021.
- N Rangasamy was administered the oath of office and secrecy by Lieutenant governor (additional charge) Tamilisai Soundararajan. Prior to this, the 71-year-old served as Chief Minister of Puducherry from 2001 to 2008 as a member of the Indian National Congress and then from 2011 to 2016 as a member of AINRC.
- It will be the first time that Rangasamy will be heading a coalition cabinet, National Democratic Alliance (NDA) in the UT, which has members from BJP and AINRC.
Business News
- RBI excludes Lakshmi Vilas Bank from second schedule of RBI Act
- The Reserve Bank of India (RBI) last year excluded Lakshmi Vilas Bank (LVB) from the second schedule of the RBI Act after merger with DBS Bank India Limited (DBIL).
- A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as ‘Scheduled Commercial Bank’.
- In November last year, the government approved the merger of the troubled Lakshmi Vilas Bank with DBS Bank India. The RBI also canceled the board of LVB and appointed former non-executive chairman of Canara Bank TN Manoharan as the bank’s administrator for 30 days.
- LVB is the second private sector bank after Yes Bank which has run into rough weather during this year.
- In March, Capital-Stored Yes Bank was placed under a moratorium. The government saved Yes Bank by asking the State Bank of India to defraud Rs.7,250 crore and take a 45 percent stake in the bank.
Important takeaways for all competitive exams:
- Lakshmi Vilas Bank Headquarters: Chennai, Tamil Nadu.
- Lakshmi Vilas Bank Founded: 1926.
Important Days
- World Red Cross and Red Crescent Day: 8 May
- World Red Cross and Red Crescent Day is celebrated every year on 8 May. The day aims to celebrate the principles of the International Red Cross and Red Crescent Movement, alleviate the suffering of people and enable them to live respectable lives with freedom, humanity, fairness, universality, unity and neutrality.
- Theme 2021 World Red Cross and Red Crescent Day: ‘Unstoppable’.
- The day also marks the birth anniversary of Henry Dunant (8 May 1828), who was the founder of the International Committee of the Red Cross (ICRC). He was the recipient of the first Nobel Peace Prize.
Important takeaways for all competitive exams:
- Headquarters of ICRC: Geneva, Switzerland.
- President of the ICRC: Peter Maurer.
- World Thalassemia Day: 08 May
- World Thalassemia Day is celebrated every year on 8 May to commemorate and encourage Thalassemia sufferers who struggle with the disease and struggle hard to live.
- The theme for 2021 World Thalassemia Day is “Addressing Health Inequalities Across the Global Thalassaemia Community”.
- Thalassemia is an inherited blood disorder characterized by less hemoglobin and fewer than normal blood cells. A person suffering from Thalassemia has at least one of the parents as the carrier of the disease.
- World Migratory Bird Day: 08 May
- World Migratory Bird Day 2021 is celebrated globally on 8 May only. The main objective of this day is to raise awareness about migratory birds and the importance of international cooperation for their conservation.
- “Sing, Fly, Soar – Like a Bird!” is the theme of this year’s World Migratory Bird Day.
- The theme of the 2021 World Migratory Birds Day is to invite people everywhere and actively listen to and connect with nature – and to see birds – wherever they are.
- At the same time, this topic appeals to people all over the world to use their voice and creativity to express their shared appreciation of birds and nature.
Obituaries News
- Senior Journalist Shesh Narayan Singh Passes Away of Covid-19
- Veteran senior journalist Sheesh Narayan Singh died while undergoing treatment for COVID-19. He was 70.
- A columnist, political commentator and foreign policy expert, Shesh Narayan Singh has had a career spanning more than two decades.
- Veteran Music Composer Vanraj Bhatia Passes Away
- The veteran Music Composer Vanraj Bhatia, who was the best-known composer of Western classical music in India, has passed away after a brief illness. His work ranged from composing music for advertisement films, feature films, mainstream films, television shows, documentaries etc.
- Bhatia won the National Film Award for Best Music Direction for the television film Tamas (1988), the Sangeet Natak Akademi Award for Creative and Experimental Music (1989) and India’s fourth-highest civilian honour, the Padma Shri (2012).
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