Banking Current Affairs : 24th May 2024

Today’s Current Affairs: 24th May 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

Buddha Purnima 2024:

• Buddha Purnima, also called Buddha Jayanti, holds deep meaning for millions. But its date causes confusion.
• In India and Nepal, it’s May 23.
• In Southeast Asia, it’s May 19.
• This stems from two full moons in May, and differing interpretations of Buddhist and Hindu lunar calendars.
• Buddhism spread due to core tenets like non-violence, respect for life, and progressive women’s roles

Cisco and Tata Communications partner to launch Webex Calling in India:

• Cisco and Tata Communications launched their Webex Calling solution in India with a cloud public switched telephone network, aimed at helping enterprises move from on-premises phone systems to a global cloud calling system.
• The calls will be routed via Tata Communications’ data center in the Mumbai region, thereby helping organizations stay compliant with local regulations,

99th Member Of International Solar Alliance:

• Spain has become the 99th member of the International Solar Alliance.
• Spain handed over the International Solar Alliance Instrument of Ratification.
• India and France jointly launched the International Solar Alliance during COP21 in Paris.

World Turtle Day 2024 Celebrated on 23rd May:

• World Turtle Day, celebrated annually on May 23, aims to raise awareness about the unique lifestyle and habitats of turtles and tortoises.

UNGA Proclaimed May 24 as the International Day of the Markhor:

• The United Nations General Assembly has proclaimed May 24 as the International Day of the Markhor.
• This resolution, sponsored by Pakistan and eight other countries, aims to raise awareness and promote the conservation of this iconic and ecologically significant species found across the mountainous regions of Central and South Asia.

Rushabh Gandhi Appointed as MD and CEO of India First Life Insurance:

• First Life Insurance has approved the promotion of Rushabh Gandhi, the current Deputy Chief Executive Officer, to the position of Managing Director and Chief Executive Officer (MD and CEO).

EU Approves World’s First Major AI Law:

• The European Union has given the final green light to the AI Act, marking a historic step in regulating artificial intelligence.
• This groundbreaking legislation establishes comprehensive rules to ensure trust, transparency, and accountability in AI technologies while fostering innovation within Europe.

India’s Market Capitalization Reaches $5 Trillion Milestone:

• India’s market capitalization has surged to $5 trillion, marking a historic achievement.
• This remarkable feat was accomplished in under six months since surpassing the $4 trillion mark, showcasing the nation’s robust economic resilience and investor confidence.

Foreigners Tribunal:

• The Supreme Court (SC) recently halted the deportation of a woman who was declared a foreigner by a Foreigners’ Tribunal in AssamForeigners Tribunal (FT) came into existence through the Foreigners (Tribunals) Order, 1964, to let state administration (District Collector/District Magistrate) to make a reference about a person suspected to be a foreigner to the Tribunals.
• The Foreigners (Tribunals) Order, 1964, was enacted by the Central government through the use of powers granted under Section 3 of the Foreigners Act, 1946.

eVTOL: To Launch e-flying Taxis In Bengaluru

• Indian Institute of Technology, Madras-incubated ePlane Company is expected to launch its e-flying taxis in Bengaluru this year but the Indian government has yet to establish clear policies regarding eVTOL flying taxis.
• An electric Vertical Take-Off and Landing (eVTOL) aircraft is one that uses electric power to hover, take off and land vertically.

Ujani Dam: Incident

• Six persons, including two children, drowned after their boat capsized in the Ujani dam backwaters in Maharashtra’s Pune district recently.
• Located on the Bhima Rivernear Ujjani village in the Solapur district of the state of Maharashtra.
• It is an earth-fill cum masonry gravity dam.
• It was constructed between 1977 and 1980 with the primary objective of providing irrigation water and hydroelectric power to the region.

Planetary Alignment: June 3

• On June 3, there will be planetary alignments that may actually allow people to witness six planets align in the sky.
• Planetary alignment is a term used to describe the positioning of planets in the solar system such that they appear to be in a straight line or close to one when viewed from a specific vantage point, for us that’s Earth.
• This phenomenon is more an illusion of perspective rather than the planets being in a perfect line in space.

Elorda Cup Astana 2024:

• India finishes third in the medal tally with a total of 12 medals (2 Gold , 2 Silver & 8 Bronze) in the 3rd edition Elorda Cup Astana 2024 (International Boxing Tournament) held in Astana, Kazakhstan from 12th to 19th May 2024.
• The two-time world champion Nikhat Zareen and Minakshi bagged gold medal.
• Kazakhstan Topped the medal tally with a total of 52 medals (14 Gold, 13 silver & 25 Bronze) and China at the second position with 7 medals (5 Gold, 1 silver & 1 Bronze) .

Eliminating Mercury-Containing Medical Devices:

• The governments of Albania, Burkina Faso, India, Montenegro, and Uganda have united to combat chemical pollution by launching a USD 134-million project to eliminate the use of mercury in medical devices.
• The initiative is led by United Nations Environment Programme (UNEP), funded by Global Environment Facility (GEF), and executed by World Health Organisation (WHO), aiming to reduce the impact of healthcare on the environment and human health.

RBI Surplus Transfer To Government:

• The surplus calculation was based on the Economic Capital Framework (ECF) recommended by the Bimal Jalan committee, which advised the RBI to maintain a Contingent Risk Buffer (CRB) between 5.5% and 6.5% of its balance sheet.
• This risk provisioning is made primarily from retained earnings and only then is the surplus income transferred to the government as dividends.

Pre-eclampsia : Effect

• Pre-eclampsia is a hypertensive disorder of pregnancy that leads to multiorgan dysfunction in the mother.
• It typically manifests after 20 weeks of pregnancy, characterized by high blood pressure.
• Other symptoms include swelling in the face, hands, and feet, severe headaches, vision changes, upper abdominal pain, and trouble breathing.

First-Ever Patient Safety Rights Charter : WHO

• World Health Organization (WHO) launched the first-ever Patient Safety Rights Charter at the Global Ministerial Summit on Patient Safety.
• Assuring patient safety in health care is a critical component in delivering the right to health.
• Patient safety can be compromised due to avoidable errors such as unsafe surgical procedures, medication errors, mis- or late diagnosis, poor injection practices, unsafe blood transfusion and the onset of life-threatening infections such as sepsis and other health care-associated infections.

Exercise Cyber Suraksha 2024:

• Head of the Defence Staff (CDS) General Anil Chauhan started Cyber Suraksha – 2024 on May 22, 2024.
• The Indian Armed Forces and other national groups are fully committed to protecting the country’s security in the very important area of cyberspace, as shown by Exercise Cyber Suraksha – 2024.

1st Human Case Of ‘Bird Flu’ Reported In Australia:

• A child who came back to Victoria from India in March was the first person in Australia to get the H5N1 bird flu.
• The child had a serious sickness, but now fully better.
• Victoria’s chief health officer confirmed that there have been no more cases tied to this incident.

VST Tillers Tractors inks MoU with Axis Bank to Offer Credit Facilities to Farmers:

• Bengaluru(Karnataka) based VST Tillers Tractors Limited (VST), a farm equipment manufacturer, has signed a Memorandum of Understanding (MoU) with Axis Bank Limited to provide financial solutions for farmers purchasing tractors and farm mechanization products.
• The MoU was signed by Antony Cherukara, Chief Executive Officer(CEO) of VST Tillers Tractors Ltd and Rajesh Dhage, Business Head of Farm Mechanization, Axis Bank.

Thomas Cook India Introduced TCPay For International Money Transfers:

• Mumbai(Maharashtra) based Thomas Cook (India) Limited (TCIL) has introduced the ‘TCPay’, a new digital service designed to simplify the international money transfers.
• TCPay offers 24×7 access, paperless transfers, user-friendly digital interface across Thomas Cook’s digital tools like FXNOW (B2C (business to consumer) app), Portal, and Call Center for assistance.

Logistics Startup Porter’s becomes India’s 3rd Unicorn in 2024:

• Bengaluru(Karnataka)-based logistics services platform, Porter has become 3rd Unicorn of India in 2024, with valuation of around USD 1 billion.
• Porter became unicorn after completing a fresh internal round, where individuals bought shares from the employee stock ownership plan (ESOP) pool at a valuation of USD 1 billion.

To Lam Named as the New President of Vietnam:

• The 15th National Assembly of Viet Nam has elected General To Lam as the New President of the Socialist Republic of Viet Nam for the 2021-2026 tenure.
• He has been serving as a member of Politburo and Minister of Public Security since 2016.