4 May 2023 : Latest Current Affairs 4th May
Important Current Affairs 4th May 2023
In this article, we will discuss all the Current Affairs of 4th May including national, international, banking, finance, sports, awards, and many others. So if you are interested to know about the latest 4th May 2023 current affairs then read this article till the end.
Current Affairs of 4th May – National News
1. India and Israel have signed a memorandum of understanding on cooperation in industrial R&D.
◉ With a focus on a number of important technological areas, India and Israel have signed an MoU on Industrial Research and Development Cooperation.
◉ These include aerospace, electronics, instrumentation, civil engineering, environment, mining, chemicals, petrochemicals, and agriculture, in addition to infrastructure and civil engineering.
◉ The Directorate of Defence Research and Development, the Ministry of Defence of Israel, and the Council for Scientific and Industrial Research, or CSIR, signed the Multi-Sectoral Agreement in New Delhi.
◉ The collaboration between India and Israel in fields like innovation, technology, and startups will enter a new chapter thanks to this agreement.
2. A facial recognition system for inner queue permits is introduced by the Manipur CM.
◉ The Facial Recognition System (FRS) for Inner Line Permit (ILP) system was introduced by Manipur Chief Minister N Biren Singh, who also signalled the departure of two mobile FRS cars with cameras.
◉ Since the system has been operating on a trial basis for some time, it has been successful in identifying ILPS defaulters even during the trial period.
◉ Additionally, it will aid in more efficient system management and the checking of ILP holders whose validity has expired.
◉ In order to find ILP defaulters, two mobile vehicles would also be stationed at various areas in the Imphal East and West districts.
3. The 60th anniversary of the Indian Institute of Foreign Trade’s founding
◉ On May 3, the 60th anniversary of its founding, the Indian Institute of Foreign Trade (IIFT), New Delhi, celebrated its Diamond Jubilee.
◉ The commemorative issue of the Foreign Trade Review (FTR) Journal was released on this special occasion by Prof. Satinder Bhatia, vice chancellor of the IIFT.
◉ In its 60-year history, IIFT has continuously outperformed other top business schools by obtaining AACSB accreditation and delivering a wide variety of cutting-edge MDP/EDP programmes.
◉ The Indian Institute of Foreign Trade (IIFT) was founded in 1963 as a stand-alone organisation under the Union Ministry of Commerce & Industry to support the development of skills for India’s external trade industry.
4. Dialogue Axiata and Bharti Airtel in Sri Lanka sign a legally binding contract sheet
◉ The largest telecom company in Sri Lanka, Dialogue Axiata, and Indian telecom giant Bharti Airtel have agreed to a binding term sheet for the merger of their Sri Lankan operations.
◉ Bharti Airtel will have access to a sizable subscriber base in the island country as a result of this transaction.
◉ Upon completion of the acquisition, Dialogue would issue additional shares to Airtel.
◉ The proposed transaction is contingent on the execution of legal documents and fulfilment of other requirements, such as shareholder and required regulatory clearances.
5. In April 2023, India’s jobless rate reached a four-month high.
◉ India’s unemployment rate increased to 8.11% in April, a four-month high, according to the Centre for Monitoring Indian Economy (CMIE), up from 7.8% in March 2023.
◉ Rural unemployment decreased somewhat in April from 7.47% to 7.34%, but urban unemployment increased to 9.81% from 8.51% at the same time.
◉ The increase in labour force participation, which increased to 41.9% in April from 39.7% in March, is what caused the unemployment rate to increase.
International News
6. Goa hosts the opening of the SCO member nations’ meeting of foreign ministers.
◉ Shanghai Cooperation Organisation (SCO) foreign ministers will meet for two days starting in
◉ This essential gathering will provide the groundwork for the SCO Leaders’ Summit, which will take place in New Delhi in July.
◉ ‘SECURE-SCO’ is the focus of India’s 2023 SCO Chairmanship.
◉ India places a high value on the SCO’s role in fostering regional multilateralism in politics, security, trade, and human relations.
◉ India has consistently advocated for increased cooperation on issues relating to regional security, defence, and counterterrorism since it joined the organisation in 2017.
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Appointment
7. Indian-Origin Ajay Banga has been chosen to lead the World Bank.
◉ Ajay Banga, the former CEO of Mastercard, was chosen by the 25-member executive board of the ◉ World Bank to serve as president for a period of five years beginning on June 2.
◉ In late February, US President Joe Biden proposed Banga, 63, as the lone candidate to succeed departing World Bank President David Malpass, an economist and former US Treasury representative during the Trump administration.
◉ Instead of following the customary consensus-based process, the decision was made by a vote of 24 of the board members, with Russia abstaining.
Awards
8. World Press Freedom Award from UNESCO
◉ In 1997, this prize was established. The UNESCO Executive Board took the initiative to create the award.
◉ The honour is granted to a person, group, or establishment that has made an outstanding contribution to the defence and/or advancement of press freedom anywhere in the world while doing so at great personal risk.
◉ The prize bears the name of Guillermo Cano Isaza, a journalist from Colombia who was killed on December 17, 1986, in front of the Bogotá office of his daily El Espectador.
Sports
9. Vantika is the eleventh woman to earn the title of International Master.
◉ Vantika Agrawal is the 11th Indian woman to earn the title of International Master and the new No. 3 chess player in the country India.
◉ Agrawal has previously competed in 4 international events, raising her FIDE rating by 61 points.
◉ She also won the gold medal for the Airport Authority of India in February 2023 and the bronze medal in the National Women’s Championship in Kohlapur in January 2023. She represented India 2 on Board 1 at the 44th Chess Olympiad in 2022 and was the only Indian to reach the IM norm.
Important day
10. Coal Miners Day is on May 4.
◉ Every year on May 4, people commemorate Coal Miners Day.
◉ Objective: To increase understanding of the value of mine safety and the requirement that miners operate in safe environments.
◉ The first coal mine was established in 1575 by George Bruce of Carnock, Scotland, and coal mining has a long history extending back to the 16th century.
11. International Firefighters Day is on May 4.
◉ Every year on May 4, International Firefighters’ Day (IFFD) is honoured.
◉ Goal: To recognise and honour the firefighters’ outstanding efforts in saving lives and defending property.
◉ This day is an occasion to express gratitude to individuals who selflessly and bravely serve their communities by putting their own safety at risk to protect others.
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