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Daily GK Current Affairs viable of 29th May 2021

Daily current affairs are viable of 31 March 2023

Daily GK Current Affairs today India News viable of 29th May 2021. – Here is the Current affairs Today India News viable of 29th May 2021. covering the following news headlines: Tata Digital, UN’s prestigious medal, Indian Broadcasting and Digital Foundation, International Day of United Nations Peacekeepers. 

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 Current Affairs Today India News of 29th May 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Here current affairs today have been categorized which is as follows:

  • International News
  • Business News
  • Banking News
  • Awards News
  • Important Days
  • Miscellaneous News

International News

  1. US Senate confirms Christine Wormuth as first female Army secretary
  • Christine Wermuth was unanimously confirmed by the Senate to be the first female Secretary of the Army.
  • Wormuth, who led President Joe Biden’s transition team to the Pentagon, was welcomed with great pomp from members of the Senate Armed Services Committee during a hearing this month.
  • Her confirmation sets her up as one of the more powerful officials in a defence establishment long dominated by men. She is the second woman named to a top Pentagon role by Biden. The deputy secretary of defence is Kathleen Hicks.

Important takeaways for all competitive exams:

  • President of United States: Joe Biden; Capital: Washington, D.C.

Business News

  1. Tata Digital buys 64% stake in BigBasket
  • Tata Digital has acquired a majority stake in online grocery BigBasket, a deal that pits the country’s largest conglomerate against e-commerce players. The digital entity of the Salt-to-Software Group did not disclose the financial details of the deal.
  • Regulatory filings have revealed that it has acquired an approximately 64% stake in Supermarket Grocery Supply, which owns BigBasket.
  • The deal was approved by the BigBasket Board earlier this week and Tata Digital has infused $ 200 million of primary capital into the agrocer at a post-money valuation of $ 2 billion.

Banking News

  1. RBI Annual Report 2021: Highlights
  • The Reserve Bank of India (RBI) has published its annual report and also highlights the “stringent monitoring for the quality of banks’ assets and their readiness for higher provision for the coming quarters”.
  • In its annual report, the central bank has stated that the country’s growth prospects now inevitably depend on how fast India can arrest the second wave of COVID-19 infection.

RBI Annual Report 2021:

  • RBI in its semi-annual financial stability report earlier highlighted bad loan ratio of banks could rise to 13.5% under the baseline stress scenario by September 2021.
  • The Provision Coverage Ratio (PCR) of banks improved from 66.6% in March 2020 to 75.5 % by December 2020, because of prudent provisioning by banks above regulatory prescriptions on accounts availing moratorium and undergoing restructuring.
  • The capital to risk-weighted assets ratio (CRAR) of banks increased to 15.9% by December 2020, in March it was 14.8%.
  • In its report, RBI cautioned “banks being lenders will have to provide a true picture of bad loans after Supreme Court lifted the interim stay on classifying non-performing assets (NPA) in March 2021.
  • According to it, waiver of compound interest on all loan accounts opted for a moratorium during March-August 2020 would put stress on the financial health of banks.
  • The Gross NPA ratio of banks decreased from 8.2% in March 2020 to 6.8% in December 2020.
  • The Gross NPA ratio for non-banking financial institutions (NBFCs) increased from 6.8% in March to 5.7% in December 2020.
  • The capital adequacy ratio of NBFCs increased from 24.8% in December 2020 to 23.7% in March.
  • Frauds reported by banks fell by 25% in value terms in just one year to Rs.1.38 lakh crore at the end of fiscal year ended March 2021, data released by the RBI as part of it annual report showed.
  • The Reserve Bank of India on 27th May said banknotes in circulation witnessed a higher than the average increase during 2020-21, on account of precautionary holding of cash by people due to the COVID-19 pandemic, and its prolonged continuance. Value and volume of banknotes in circulation increased by 16.8% and 7.2% respectively in 2020-21.

Awards News

  1. 3 Indian peacekeepers to be honoured with UN’s prestigious medal
  • Corporal Yuvraj Singh, Civil Peace Guard Ivan Michael Picardo and Moolchand Yadav are among those who have been honored with the prestigious United Nations Medal.
  • Corporal Yuvraj Singh was serving at the United Nations Mission in South Sudan (UNMISS) while civilian peacekeeper Ivan Michael Picardo was associated with UNAMISS as a civil peacekeeper.
  • Moolchand Yadav was associated with the United Nations Assistance Mission in Iraq (UNAMI).
  • Three Indian peacekeepers, who laid down their lives while serving in United Nations (UN) peacekeeping missions last year, are among 129 military, police and civilian personnel honoured with a prestigious UN medal awarded posthumously for courage and sacrifice in the line of duty.

Important Days

  1. International Day of United Nations Peacekeepers: 29 May
  • The “International Day of United Nations Peacekeepers” is observed annually on May 29.
  • The day is celebrated to pay tribute to all the men and women who have served and continue to serve in United Nations peacekeeping operations for their high level of professionalism, dedication, and courage and to honour the memory of those who have lost their lives in the cause of peace.
  • The day was nominated by the United Nations General Assembly on December 11, 2002, and was first celebrated in 2003. Theme of 2021: “The Path to Sustainable Peace: Leveraging the Power of Youth for Peace and Security.”
  1. International Everest Day: 29th May
  • International Everest Day is being celebrated on 29 May. Nepali Tenzing Norgay and New Zealand’s Edmund Hillary climbed Mt. It was on this day in 1953 that he became the first man to climb Everest.
  • Nepal decided to observe the day as International Everest Day in 2008 when the legendary climber Hillary passed away.
  • Everest Day on May 29 every year in memory of the first summit of Mt. Everest by Sir Edmund Hillary and Tenzing Norgay Sherpa on the day in 1953.
  • The day is celebrated with memorial events, processions, and special events in Kathmandu and the Everest region.

Important takeaways for all competitive exams:

  • Prime minister of Nepal: KP Sharma Oli; President: Bidhya Devi Bhandari.
  • Nepali name of Mt. Everest: Sagarmatha;
  • Tibetan name: Chomolungma.
  • Capital of Nepal: Kathmandu; Currency: Nepalese rupee.
  1. World Digestive Health Day: 29 May
  • Every year, World Digestive Health Day (WDHD) is celebrated on 29 May. It is organized by the World Gastroenterology Organization (WGO) in collaboration with the WGO Foundation (WGOF).
  • Each year this day focuses on a particular digestive disease and / or disorder to raise awareness among the general public about the prevention, prevalence, diagnosis, management and treatment of the disease and / or disorder. The theme of WDHD 2021 is “Obesity: an ongoing epidemic”.
  • World Digestive Health Day was launched in 2004 to mark the 45th anniversary of the creation of the World Gastroenterology Organization. The organization has over 100 member societies and 50,000 individual members all over the world.

Important takeaways for all competitive exams:

  • WGO Headquarters: Milwaukee, Wisconsin, United States.
  • WGO Founded: 1958.

Miscellaneous News

  1. IBF to be renamed as Indian Broadcasting and Digital Foundation
  • The Indian Broadcasting Foundation (IBF), the apex body of broadcasters, is being renamed as Indian Broadcasting and Digital Foundation (IBDF), as it expands its purview to cover digital platforms to bring all digital (OTT) players under one roof.
  • The IBDF is in the process of forming a new wholly owned subsidiary to handle all matters related to digital media.
  • According to the Information Technology (Intermediate Guidelines and Code of Conduct of Digital Media) Rules, 2021 notified by the Government of India on 25 February 2021, IBDF will also create a self-regulatory body (SRB).
  1. Hong Kong woman breaks record for the fastest ascent of Everest
  • Hong Kong-based climber Tsang Yin-Hung holds the record for the world’s fastest Everest climb by a woman in just under 26 hours.
  • The 6-year-old Tsang conquered the 4,7.7-meter (29,031 feet) Everest mountain in a record time of 25 hours and 50 minutes on 23 May. This was his third attempt to climb the Himalayan peak.
  • In 2017, Tsang became the first Hong Kong woman to reach the top of the mountain peak. Before this, the record of fastest woman to conquer Everest was held by Nepali Phunjo Jhangmu Lama, who had completed the climb in 39 hours 6 minutes in 2018.

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