Daily Current Affairs Quiz 29th May 2024

” Notes:gitanas nausėda, a non-partisan candidate and former bank chief economist, was re-elected as lithuania’s president on may 26, 2024, defeating prime minister ingrida šimonytė. the initial election on may 12, 2024, saw nausėda receiving 46% and šimonytė 16%, leading to a run-off. nausėda won decisively, securing his second five-year term. prime minister narendra modi congratulated him on his re-election.”

” Notes:the strongest earthquake in decades recently hit italy’s campi flegrei supervolcano region. campi flegrei, located near naples, is an active volcanic system with multiple centers in a 12-15 km caldera formed 39,000 years ago. unlike mount vesuvius, it is more active and expansive, with a third under the tyrrhenian sea. the last eruption in 1538 created monte nuovo. restless since 1950, it poses significant geological risks.”

” Notes:the kerala government authorized the kerala forest development corporation (kfdc) to plant eucalyptus trees for financial support in 2024-2025. eucalyptus, a genus of over 660 species, includes some of the world’s tallest trees, native to australia and nearby regions. known as gum trees, they feature gum-infused bark, circular leaves, and small flowers. in india, eucalyptus tereticornis and eucalyptus hybrids are commonly cultivated in various states, thriving in fertile, loamy soil.”

” Notes:the telangana government has banned the manufacture, storage, distribution, and sale of gutka and pan masala containing tobacco and nicotine for one year starting may 24, 2024. this decision, driven by public health concerns, is enforced under the food safety and standards act, 2006. the ban aims to mitigate serious health risks like oral cancer and oral submucous fibrosis linked to these products.”

” Notes:the archaeological survey of india confirms neolithic rock carvings in goa’s mauxi village. carvings on meta basalt rock along the dry zarme riverbed depict animals like zebus, bulls, and antelopes, as well as footprints and cupules. in india, prehistoric rock paintings span from the upper palaeolithic, featuring animal figures, to the mesolithic, with human scenes, and the neolithic-chalcolithic, showing pottery and metal tools.”

” Bardiya daneshwar, a 17-year-old iranian chess grandmaster(gm), won the masters title at the sharjah masters 2024, the 7th edition of the international chess tournament, held in sharjah, the united arab emirates(uae) from 14th to 22nd may 2024.• this marks daneshvar’s first-ever title at the sharjah masters.• divya deshmukh, an 18-year-old indian chess international master (im), won the challengers title at the sharjah masters 2024. leya garifullina (russia) and sina movahed (iran) finished at the 2nd and 3rd respectively.”

” Hyderabad (telangana)-based, precision engineering and manufacturing company, azad engineering limited has bagged contract from the gas turbine research establishment (gtre), an research and development (r&d) organisation of defence research and development organisation (drdo) and ministry of defence (mod), government of india (goi), to provide end-to-end manufacturing, assembly and integration of completely-assembled advanced turbo gas generator engine for defence programmes of india.• the company will deliver 1st batch of fully integrated turbo engines by early 2026.• the engine is designed with a single-spool turbo jet set up.”

Gitanas nauseda has been re-elected as the president of republic of lithuania for the 2nd five year term from 2024 to 2029. he has been serving as the president of lithuania since 2019.• nauseda has won the presidential election by securing 74.43% of the total votes. ingrida simonyte finished 2nd with 24.06% of the votes.• he also served as a chief economist to the chairman of seb bankas (commercial bank in lithuania) from 2008 to 2018.

” Goldman Sachs Group Inc has revised its projection for India’s Growth Domestic Product (GDP) for Calendar Year 2024 (CY24), upwards by 10 Basis Points (bps) to 6.7% from 6.6%.• It has also estimated that Reserve Bank of India (RBI) will cut the interest rates in the 4th Quarter (Q4) of the current Calendar Year (CY24) or Q3FY25(2024-25).• As per analysts at Goldman Sachs, core inflation in India to bottom out in 2nd Quarter (Q2) of CY24 and will increase to 4% to 4.5% in 2nd half of CY24.• It also estimated easing cycle of total 50 bps rate cuts from RBI, with 1st interest rate cuts of 25 bps each in Q4-CY24 and Q1-CY25.”

” The Prudential Authority of the South African Reserve Bank (SARB), the central bank of South Africa (SA), has imposed a financial penalty of 10 million rand (~Rs 4.5 crore) on the State Bank of India (SBI)’s SA branch for violating anti-money laundering laws in SA.• The financial penalty consists of an immediately payable portion of 5.50 million rand(Rs 2.5 crore), which the bank has already paid. The remaining 4.50 million rand (Rs 2 crore) is suspended for 36 months, and will be paid within the prescribed timeline.”

Airport council international (aci) asia-pacific and middle east announced 8th green airports recognition (gar) awards for 2024. three indian airports have been awarded under silver category. they are,• indira gandhi international airport (new delhi, delhi) under ‘over 35 million passengers per annum’ category• kempegowda international airport (kia) (bengaluru, karnataka) under ‘between 15-35 million passengers per annum’ category.• chaudhary charan singh international airport (lucknow, uttar pradesh-up) under ‘less than 8 million passengers per annum’ category.click here to read more”

The nse announced today that it has lowered the tick size for all stocks from 5 paisa at present to 1 paisa for securities priced below 250 in the cash segment the main objective for this new tick size is to enhance liquidity and improve price discovery by allowing more granular

The first batch of operational spy satellites launched on may 22 2024 by american aerospace company spacex was part of a new united states of america united states intelligence network spacex was launched aboard the falcon 9 rocket which lifted off

” World intellectual property organization (wipo) members have approved a new wipo treaty on intellectual property (ip) genetic resources (grs) and associated traditional knowledge (atk).• for the 1st time the system of knowledge and wisdom, which has supported economies, societies and cultures for centuries, is now inscribed into the global ip system.• this will benefit countries of the global south and india, a mega biodiversity hotspot with abundance of traditional knowledge, and wisdom.”

” Vice admiral gurcharan singh, avsm, nm an alumnus of the national defence academy (nda) assumed the role of commandant, nda (khadakwasla) on 25 may 2024, in pune, maharashtra.• he succeeded vice admiral ajay kocchar, avsm, nm, who assumed the appointment of commandant, nda on 01 april 2022.• he was awarded the flag officer commanding-in-chief (foc-in-c) commendation (2002), nao sena medal (nm) (2020), and ati vishisht seva medal (avsm) (2024).• under his command, ins khukri received the chief of naval staff (cns) ‘unit citation’ in 2011.”