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Current Affairs 5 May 2020

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Current Affairs May 5 2020

We are here for you to provide the important Recent and Latest Current Affairs 5 May 2020, which have unique updates of Latest Current Affairs 2020 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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Top 20 Current Affairs of 5 May 2020

NATIONAL AFFAIRS

NMCG & NIUA organized IDEAthon, a webinar; collaborated on urban river management planIDEAthon on “The future of River Management’

i.The lockdown imposed to contain the spread of COVID-19 crisis has imposed severe concerns on the economy; meanwhile, it is showing some positive developments in the natural environment of India.
ii.IDEAthon, a webinar organized on a theme “The future of River Management” to formulate River Management strategies for the future by learning lessons for river management from the COVID-19 pandemic lockdown positive impact on rivers.
iii.River Ganga during lockdown is free from the problems of solid waste dumped on its banks by visitors and also effluents from industries and other commercial establishments….Click here to Read More

India ranked 3rd among countries in scientific publication in 2018; expenditure on R&D tripled: NSTMISResearch and Development

i.India occupies 3rd rank in terms of number of Doctor of Philosophy (Ph. D.)’s awarded in Science and Engineering (S&E) after USA (39,710 in 2016) and China (34,440 in 2015).
ii.The Gross expenditure on R&D (GERD) in the country has nearly tripled from Rs. 39,437.77 crore in 2007- 08 to Rs. 1,13,825.03 crore in 2017-18.
iii.During 2017-18 a total of 47,854 patents were filed in India. Out of which, 15,550 (32%) patents were filed by Indian residents….Click here to Read More
About NSTMIS:
Advisor and Head– Dr. Parveen Arora
Location– New Delhi

BANKING & FINANCE

Reserve bank cancels Mumbai’s 105-year-old CKP co-op bank licenseRBI cancels licence of CKP Co-operative Bank

The Reserve Bank of India (RBI) has cancelled the license granted to the 105-year-old CKP Co-operative Bank Ltd located in Mumbai (Maharashtra) to conduct banking business which includes acceptance of deposits and repayment of deposits as defined in Section 5 (b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.
i.The RBI gave 6 specific reasons for cancelling the license of the bank including the bank failed to meet minimum capital requirement of 9%.
ii.In the sequence of cancellation, 99.2 % depositors of the bank will be entitled to deposit up to Rs. 5 lakh from the DICGC….Click here to Read More
About CKP Co-operative Bank Ltd:
General Manager
– Shri Moreshwar Dhaimodkar

ECONOMY & BUSINESS

IIT Hyderabad to collaborate with Hong Kong firm to create venture ecosystemIIT Hyderabad to collaborate with Hong Kong firm

On May 3, 2020, The Indian Institute of Technology (IIT), Hyderabad, collaborated with New Frontier Capital Management, a financial firm based in Hong Kong with offices in Tokyo & Singapore, to establish a global network of ventures as well as to create a venture ecosystem. The core objective of this partnership is to promote innovation, research and incubation….Click here to Read More
About Telangana:
Capital– Hyderabad.
Chief Minister (CM)– Kalvakuntla Chandrashekar Rao.
Governor– Tamilisai Soundararajan.

ACQUISITIONS & MERGERS      

US private equity firm Silver Lake buys 1.15% stake in Reliance Jio platforms for Rs 5655.75 crSilver Lake buys stake in Reliance Jio for Rs 5,655

US based private equity company Silver Lake partners has bought a 1.15% stake in Jio Platforms Limited, a wholly-owned subsidiary of Reliance Industries Limited (RIL) for Rs 5,655.75 crore ($750 million).
i.The deal came a days after Facebook bought a 9.99 % stake in Reliance Jio for Rs 43,574 crore ($ 5.7 billion)….Click here to Read More
About Silver Lake partners:
Headquarters
– California, United States
Co-CEO and Managing Partner– Egon Durban

Polycab India acquired 50% stake in Ryker from Singapore-based TrafiguraPolycab India buys 50%

i.PIL has acquired 2,60,10,000 (i.e. balance 50% equity shares) of face value of Rs.10/- each held by Trafigura, Singapore (‘Trafigura’) in Ryker Base. The purchase consideration is likely to be around US $ 4 Million (Rs 300 million).
ii.Located in Hansapura, Gujarat, Ryker is involved in manufacturing of copper wire rods with a total annual capacity of 225,000 MT and commenced its commercial production in FY20….Click here to Read More
About Polycab:
PIL is the largest manufacturer of Wires and Cables in India and a fast-growing player in the Fast Moving Electrical Goods (FMEG) sector.
Chairman & Managing Director– Inder T. Jaisinghani
Headquarter– Mumbai, Maharashtra
About Trafigura Pte Ltd, Singapore
Executive Chairman and Chief Executive Officer– Jeremy Weir
Headquarter– Singapore

 SCIENCE & TECHNOLOGY

Russia to launch its 1st satellite ‘Arktika-M’ to monitor Arctic climate & environmentRussia to launch first Arktika-M satellite

Russia will launch its 1st remote-sensing and emergency communications satelliteArktika-M’ by December 9, 2020, to monitor the Arctic climate and environment. It will be launched from Baikonur space center (Kazakhstan) using a Soyuz-2.1b carrier rocket with a fregat booster.
i.This will help scientists to better study climate change, with permission to improve weather forecasts….Click here to Read More
About Russia:
Capital
– Moscow
Currency– Russian Rouble
President– Vladimir Putin
Prime Minister– Andrey Belousov (acting)

NIAB develops portable coronavirus detection kit “eCovSens”coronavirus detection kit eCovSens

On 3rd May 2020 The researchers from the Department of Biotechnology(DBT), National Institute of Animal Biotechnology(NIAB) developed a biosensor “eCovSens” to detect the novel coronavirus within 30 seconds using 20 microliters of the sample of saliva  The Biosensors is currently used to detect toxins, narcotic drugs and used as a reliable tool to detect infectious diseases….Click here to Read More
About NIAB:
NIAB is an autonomous institute under the Department of Biotechnology, Minister of Science and Technology.
Director– Dr.Subeer S. Majumdar
Headquarters– Hyderabad, Telangana

BharatPe launches two apps to limit the need to touch handsets for checking transactionsBharatPe launches two apps

On 4th May 2020, the BharatPe, a Merchant payment and a leading network provider launched two voice-based applications Paisa Bolega and BharatPe Balance for the account holders to access transactions and balance using without touching the phones in the COVID-19 pandemic….Click here to Read More
About Bharat Pe:
CEO & Co-Founder– Ashneer Grover
Co-founder & Board Member– ShashvatNakrani
Headquarters– New Delhi

Aarogya Setu Mitr launched in private public partnership initiativeA new private-public partnership initiative called Aarogya Setu Mitr launched

On 4th May 2020, AarogyaSetuMitr launched in a new private-public partnership(PPP) initiative will be available in the AarogyaSetu app offering consultation regarding COVID-19 from the Tata group, Tech Mahindra and Swasth, a collaboration of other related entities. This initiative was facilitated by the offices of the Principal Scientific Advisor to the Prime Minister and NitiAayog….Click here to Read More
About Aarogya Setu:
Developed by– National Informatics Centre(NIC) 
Launched on– 2nd April 2020
Headquarters– New Delhi
Operating system– Android and iOS

IIG developed 1D fluid simulation code to study electric field structure in Earth’s Magnetosphereelectric field structure in Earth’s Magnetosphere

i.Scientists, under the guidance of Dr. Amar Kakad, at the Indian Institute of Geomagnetism (IIG) an autonomous institution of the Department of Science and Technology have developed a generalized one-dimensional (1D) fluid simulation code capable of studying a wide spectrum of coherent electric field structures in near-earth plasma environment or earth’s magnetosphere.
ii.A magnetosphere is a region around a planet dominated by the planet’s magnetic field. Earth has the strongest one of all the rocky planets….Click here to Read More
About Indian Institute of Geomagnetism (IIG)
Establishment– 1971
Location– Mumbai, Maharashtra
Director– Professor D.S Ramesh

SPORTS

FINA postpones 2021 Fukuoka Aquatics World Championships to May 2022FINA postpones 2021 Fukuoka world championships

On 4th May,following the postponement of 2020 Tokyo Olympics to 2021 the governing body of swimming Federation Internationale de Natation(FINA) has postponed the 2021 aquatics world championships, Fukuoka, Japan to May 13 to May 29 of 2022 due to the worldwide COVID-19 pandemic….Click here to Read More
About FINA:
President– Julio C.Maglione
First Vice President– Husain Al Musallam
Second Vice President– Sam Ramsamy
Founded– July 19, 1908, London , UK
Headquarters– Lausanne, Switzerland

Discus thrower Sandeep Kumari banned for 4 years by WADA after testing positive for metenoloneDiscus thrower Sandeep Kumari banned

On May 2, 2020, Discus thrower SandeepKumari, 27 years old, has been given a 4-year ban by the World Anti-Doping Agency (WADA) after failing a drug test, despite her sample previously being deemed clear by the National Dope Test Laboratory (NDTL). Kumari’s results from June 26, 2018, to November 21, 2018, will now be annulled (invalid) and her 4-year ban will begin from June 26, 2018- the date of her sample collection….Click here to Read More
About WADA:
Headquarters– Montreal, Canada.
President– WitoldBańka.

OBITUARY

Veteran Poet, Padma Shri K. S. Nissar Ahmed passed away at 84Noted poet Nisar Ahmed passes away

On 3rd May 2020, Veteran Poet and Kannada writer Padma ShriKokkareHosahalliShekhHaiderNissar Ahmed popularly known as K S Nissar Ahmed passed away in his residence at Bangalore at the age 84 due to various old age-related problems. He was born on 5th February 1936 in Devanahalli. He was the 73rd president of Kannada SahityaSammelana in the year 2007 held at Shivamogga….Click here to Read More
About Karnataka:
Capital– Bengaluru
Chief Minister– B. S. Yediyurappa
Governor– Vajubai Rudabai Vala

Judicial Member, Lokpal of India, Justice Ajay Kumar Tripathi passed away at 62Justice Ajay Kumar Tripathi died

On May 2, 2020, Lokpal member Justice Ajay Kumar Tripathi passed away at the age of 62 in AIIMS (All India Institutes of Medical Sciences), New Delhi due to Coronavirus. He was born on November 12, 1957. He was a judicial member of Lokpal and former Chief Justice of Chhattisgarh High Court….Click here to Read More
About Lokpal:
Headquarters– New Delhi.
Chairperson– Pinaki Chandra Ghose.

BOOKS & AUTHORS

Dr. Harsh Vardhan launches “COVID KATHA”, a multimedia guide on COVID-19Dr Harsh Vardhan Launches COVID KATHA

On May 3, 2020, Dr. Harsh Vardhan, Union Minister of Science & Technology, Health & Family Welfare and Earth Sciences, launched “COVID KATHA- A Multimedia Guide for Mass Awareness”, a multimedia guide on COVID-19 on the occasion of the 50th DST (Department of Science and Technology) Foundation Day….Click here to Read More
About DST (Department of Science and Technology):
Founded– May 1971.
Headquarters– New Delhi.

IMPORTANT DAYS

World Press Freedom Day 2020: May 3rdWorld Press Freedom Day

May 3rd of Every year is Observed as World Press Freedom Day by the United Nations(UN) General Assembly with the recommendation of United Nations Educational, Scientific and Cultural Organization (UNESCO) all over the world since 1993 to commemorate the Declaration of Windhoek and to provide a broader public discussion of the challenges of press freedom and journalist’s safety of the Journalists, civil society representatives, national authorities, academics. The theme of this year’s World Press Freedom Conference is Journalism without Fear or Favour….Click here to Read More
About Reporters without border:
Chairman– Pierre Haski
Vice President– Frederic Filloux
Secretary General– Christophe Deloire
Headquarters– Paris, France

World Laughter Day 2020: May 3World Laughter Day may 3 2020

Every first Sunday of May is celebrated as the World Laughter Day to raise awareness about laughter and the healing properties of laughter and this year the day falls on 3rd May. More than 70 countries around the world are celebrating the world laughter day on this occasion. The first World laughter day was celebrated on 10th May, 1998 in Mumbai, India organised by Dr.Madan Kataria, the founder of the Worldwide Laughter Yoga movement….Click here to Read More
About Maharashtra:
Governor– Bhagat Singh Koshyari
Chief Minister– Uddhav Thackeray
Capital– Mumbai
Official Animal– Indian giant squirrel
Official Bird– yellow-footed green pigeon

International Firefighters’ Day 2020: May 4International Firefighters day

On May 4, 2020, International Firefighters’ Day (IFFD) is observed every year to recognize and honor the sacrifices that firefighters make to ensure that their communities and environment are as safe as possible.  The day was instituted after a proposal was emailed out across the world on January 4, 1999, due to the deaths of five firefighters in tragic circumstances in a bushfire in Australia….Click here to Read More
About Australia:
Capital– Canberra.
Currency– Australian dollar.
Prime Minister (PM)– Scott John Morrison.

STATE NEWS

HP govt to launch ‘Mukhya Mantri Shahari Rojgar Guarantee Yojna ‘ for urban employmentHP govt to launch employment scheme

In a bid to revive the economy of the state affected by the Coronavirus (COVID-19), the Himachal Pradesh (HP) state government has decided to launch employment guarantee scheme called “’Mukhya Mantri Shahari Rojgar Guarantee Yojna”  that will provide 120 days of employment to those living in urban areas.
i.The state also decided to provided Rs 2,000 to about one lakh workers registered under the Building and Other Construction Workers Board….Click here to Read More
About Himachal Pradesh:
Capital
– Shimla  (Summer) & Dharamshala (Winter)
Governor– Bandaru Dattatreya
Chief Justice– Lingappa Narayana Swamy

AC GAZE

Indian Railways starts Shramik Special Trains

As per the guideline issued by the Ministry of Home Affairs, which has decided to run “Shramik Special” trains from “Labour Day”(May 1, 2020), to move migrant workers, pilgrims, tourists, students and other persons stranded at different places due to lock down. Indian railways have already run the first such train with 1,200 passengers from Hyderabad to Jharkhand.

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Current Affairs Today (AffairsCloud Today)

S.no              Current Affairs 5 May 2020
1 NMCG & NIUA organized IDEAthon, a webinar; collaborated on urban river management plan
2 India ranked 3rd among countries in scientific publication in 2018; expenditure on R&D tripled: NSTMIS
3 Reserve bank cancels mumbai’s 105-year-old CKP co-op bank license
4 IIT Hyderabad to collaborate with Hong Kong firm to create venture ecosystem
5 US private equity firm Silver Lake buys 1.15% stake in Reliance Jio platforms for Rs 5655.75 cr
6 Polycab India acquired 50% stake in Ryker from Singapore-based Trafigura
7 Russia to launch its 1st satellite ‘Arktika-M’ to monitor Arctic climate & environment
8 NIAB develops portable coronavirus detection kit “eCovSens”
9 BharatPe launches two apps to limit the need to touch handsets for checking transactions
10 Aarogya Setu Mitr launched in private public partnership initiative
11 IIG developed 1D fluid simulation code to study electric field structure in Earth’s Magnetosphere
12 FINA postpones 2021 Fukuoka Aquatics World Championships to May 2022
13 Discus thrower Sandeep Kumari banned for 4 years by WADA after testing positive for metenolone
14 Veteran Poet, Padma shri K. S. Nissar Ahmed passed away at 84
15 Judicial Member, Lokpal of India, Justice Ajay Kumar Tripathi passed away at 62
16 Dr. Harsh Vardhan launches “COVID KATHA”, a multimedia guide on COVID-19
17 World Press Freedom Day 2020: May 3rd
18 World Laughter Day 2020: May 3
19 International Firefighters’ Day 2020: May 4
20 HP govt to launch ‘Mukhya Mantri Shahari Rojgar Guarantee Yojna ‘ for urban employment
21 Indian Railways starts Shramik Special Trains

AffairsCloud Today May 5 2020

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