Important Daily Current Affairs of 26th May 2021

National

1. Under the COVID-19 assistance plan, the MP CM distributes Rs. 112.81 crore into the accounts of Rs. 11.28 lakh construction employees.

• Chief Minister Shivraj Singh Chouhan of Madhya Pradesh remitted Rs. 112.81 crore from the COVID-19 assistance plan to the accounts of the state’s 11.28 lakh construction employees.
• Mr. Chouhan, the Chief Minister, stated that all the poor, including construction workers, will receive a free five-kg ration for five months, with the state government providing three months and the federal government providing two months.
• Meanwhile, the state Cabinet, led by Chief Minister Shivraj Singh Chauhan, has decided to execute the ‘Mukhya Mantri Covid-19 Anukampa Niyukti Yojana’, which will grant compassionate appointments to eligible dependents of individuals who died while serving in government service during the COVID-19 pandemic, including daily wage earners, ad hoc, and contractual employees.

2. Under the Jal Jeevan Mission, the government distributes Rs 1605 crore to eight North-Eastern states.

• In the current fiscal year, the Union Government has allocated Rs 1605 crore to eight North-Eastern states as part of the Jal Jeevan Mission to provide tap water to rural households.
• According to the Jal Shakti Ministry, this is the first of four tranches to be released this fiscal year. All of the North-Eastern states have about 90 lakh rural households, with Assam having the highest number at 63.35 lakh.

3. The Cabinet approved the establishment of a new Indian Consulate General in the Maldives.

• Prime Minister Narendra Modi’s Union Cabinet has approved the establishment of a new Indian Consulate General in Addu City, Maldives, in 2021.
• India and the Maldives have long had ethnic, linguistic, cultural, religious, and commercial ties.
• The Maldives plays a key role in the Indian government’s “Neighbourhood First Policy” and “SAGAR” (Security and Growth for All in the Region) strategy.
• The establishment of a Consulate General in Addu City will contribute to the expansion of India’s diplomatic presence in the Maldives, bringing it in line with the current and desired level of engagement.
• Under Prime Minister Modi and President Solih’s leadership, the bilateral relationship has gained unparalleled pace and vigour. This is also a step ahead in the direction of our national priority of growth and development, known as “SabkaSaathSabka Vikas.”
• The expansion of India’s diplomatic presence will help Indian enterprises get access to new markets and boost their exports of goods and services, among other things. This would have a direct influence on increasing domestic output and employment, which is in accordance with our vision of making India self-sufficient, or ‘Atmanirbhar Bharat.’

4. The government has launched the first-of-its-kind six-month CBID program for Divyangjan rehabilitation.

• Dr. Thaawarchand Gehlot, Union Minister for Social Justice and Empowerment, virtually launched a six-month Community Based Inclusive Development (CBID) program for the restoration of Divyangjan.
• This will be the first program of its sort, with trained personnel detecting risk situations, informing parents/guardians about nearby early intervention centers, and assisting them in obtaining government assistance for Divyangjan.
• PwDs are an essential human resource, according to the Minister, and if adequate facilities/opportunities are provided, they can thrive in any profession, including education, athletics, and performing/fine arts. The program was created in partnership with Melbourne University with this goal in mind.

5. SAMVEDNA is providing Tele Counseling to children affected by the Covid-19 Pandemic.

• The National Commission for Protection of Child Rights (NCPCR) is providing tele-counseling to children through SAMVEDNA (Sensitising Action on Mental Health Vulnerability through Emotional Development and Necessary Acceptance), a toll-free helpline, with the goal of providing psychological first-aid and emotional support to children affected by the pandemic.
• Children in quarantine, isolation, or Covid care centers, children with Covid-positive parents or family members, and children who have lost their parents to the virus are all eligible for tele-counseling.
• This toll-free tele-counseling service is offered Monday through Saturday from 10 a.m. to 1 p.m. and 3 p.m. to 8 p.m. on a toll-free line, 1800-121-2830, and is only for children who are willing to talk and in need of counseling.

International

6. Collinet Makosso is the next Prime Minister of the Republic of Congo.

• Denis Sassou Nguesso, the President of the Republic of Congo, has named Anatole Collinet Makosso as the country’s Prime Minister.
• He took over for Clement Mouamba, who had been in office since 2016. Makosso was the Central African country’s education minister before this assignment. From 2011 until 2016, he was also the Minister of Youth and Civic Education.
• He has been the Minister of Primary and Secondary Education in the responsibility of literacy since 2016. During the previous presidential election, Mr. Collinet Makosso was the deputy campaign manager for contender Sassou Nguesso.

7. Barnea, David Israel’s Next Mossad Chief Has Been Appointed

• David Barnea has been named the next head of Israel’s intelligence organization, the Mossad, by Prime Minister Benjamin Netanyahu.
• On June 1, Barnea, a former career Mossad operative, will take over as head of Israel’s spy organization from Yossi Cohen. Since gaining office in 2016, Cohen has served as Israel’s spymaster.
• Barnea, who is in his fifties, lives in the Sharon neighborhood of Tel Aviv, north of the city. He served in the elite Sayeret Matkal special operations squad throughout his military service. He joined the Mossad some 30 years ago and rose through the ranks to become a case officer.

8. Dr. Harsh Vardhan is the host of the 33rd Commonwealth Conference of Health Ministers.

• Dr. Harsh Vardhan, Union Health Minister, presided over the opening session of the 33rd meeting of Commonwealth Health Ministers through video conferencing.
• “Commonwealth Response to COVID-19: Ensuring Equitable Access to Vaccines and Building Resilience for Health Systems and Emergencies,” was the conference’s subject.
• The pandemic has already cost hundreds of billions of dollars, according to the Minister, causing a severe recession in the worldwide economy. The road to recovery may be difficult, and it will only pick up speed until the entire world has worked together to put the pandemic behind us.
• COVAX, ACT Accelerator’s vaccine pillar, plans to provide at least two billion vaccines by the end of 2021, reaching 20% of the world’s most vulnerable people in 92 low- and middle-income countries, according to Dr Vardhan.

Banking & Finance 

9. IPPB and Mahindra Rural Housing Finance have partnered to provide a cash management system.

• India Post Payments Bank and Mahindra Rural Housing Finance have launched a strategic cooperation for cash management solutions.
• IPPB will supply MRHFL with cash management and collection services through its access points and postal service providers as part of the agreement.
• Customers will be able to pay their monthly or quarterly loan instalments at around 1.36 lakh post offices using the cash management programme.

10. An expert committee on Investment Funds has been formed by the IFSCA.

• An expert group on Investment Funds has been established by the International Financial Services Centres Authority, or IFSCA.
• The Committee will provide a road plan for the funds industry in the International Financial Service Centres, or IFSCs, under the chairmanship of Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Co. Ltd.
• The Fund Management Committee is made up of industry leaders.

11. The LIC has increased its holding in Union Bank to above 5%.

• With the purchase of a nearly 2% extra share in state-run Union Bank of India, the Life Insurance Corporation of India (LIC) has increased its ownership in the bank to 5.06 percent.
• According to a regulatory document made to exchanges by LIC through Union Bank of India, the LIC has a3.09 percent ownership in UBI, representing 19,79,23,251 equity shares of the bank.

12. The Finance Ministry announces new guidelines for increasing foreign direct investment in the insurance sector.

• The Finance Ministry publicly notified the change to the Indian Insurance Companies (Foreign Investment) Rules, 2015, and explained the final rules for increasing the foreign direct investment ceiling in the insurance sector from 49 percent to 74 percent, which took effect on May 19, 2021.

13. Equitas Small Finance Bank allows you to open an NRI account online.

• Equitas Small Finance Bank has become the first Small Finance Bank to offer online account opening to its NRI customers. In the Small Finance Bank industry, the organisation will also be the first one with Virtual Relationship Managers based on time zones.
• NRIs can open accounts online using a smart phone or computer that is connected to the Internet. Following account opening, applicants will have 90 days to courier papers.

Business & Economy 

14. The Sebi has increased the AIF and VCF’s international investment limits to $1,500 million.

• Sebi, the market regulator, increased the overseas investment limit for alternative investment funds and venture capital funds from USD 500 million to USD 1,500 million.
• This decision would let more Indians to work for multinational corporations, accelerating the growth of the Indian AIF sector as a whole.
• Currently, Sebi-registered alternative investment funds (AIFs) and venture capital funds (VCFs) are allowed to invest abroad up to USD 750 million.

15. India’s GDP growth is expected to be 7.7% in FY22, according to Barclays.

• In the worst-case scenario, if the country is hit by the third wave of the Covid epidemic, Barclays has projected India’s economic growth for fiscal 2021-22 (FY22), as measured by gross domestic product (GDP), at 7.7%.
• If another wave of comparable tight lockdowns is imposed across the country for eight weeks later this year, the economic cost, it predicts, could soar by at least $42.6 billion.

16. In 2020-21, foreign direct investment will increase by 19% to $59.64 billion dollars.

• Foreign direct investment (FDI) into the country increased by 19% to USD 59.64 billion in 2020-21 as a result of the government’s policy reforms, investment facilitation, and ease of doing business initiatives.
• Total FDI, which includes equity, re-invested earnings, and capital, increased 10% to USD 81.72 billion in 2020-21, up from USD 74.39 billion in 2019-20.
• Singapore is first among top investment countries, with a 29 percent share. During the previous fiscal year, it was followed by the United States (23%), and Mauritius (9%). In 2020-21, FDI equity inflows increased by 19% (USD 59.64 billion) over 2019-20. (USD 49.98 billion).

17. PayCore and NPCI have teamed up to assist shops accept contactless payments.

• The National Payments Corporation of India (NPCI) has teamed with PayCore, a global payment solutions firm based in Turkey, as one of RuPay SoftPOS’ approved partners to promote cashless transactions across the country.
• RuPay SoftPOS allows merchants to securely accept payments from contactless cards, mobile wallets, and wearables using only their phones.
• PayCore’s SoftPOS solution for RuPay has been approved by NPCI. This technology can be connected with bank or aggregator acquiring systems to allow RuPay to be purchased with mobile phones that have NFC capabilities or add-ons.
• Through RuPay SoftPOS, millions of merchants can now turn their near-field communication (NFC) smartphones into POS machines to process contactless payments.

18. S.H.E is a campaign launched by Tata Communications to encourage women’s entrepreneurship, education, and well-being.

• At the UNESCO World Conference on Education for Sustainable Development in 2021, Tata Communications, a global digital ecosystem enabler, will unveil the ‘School of Hope and Empowerment’ (S.H.E.).
• S.H.E. is a multi-media, multi-stakeholder impact communications programme developed in conjunction with The Better India, an effect driven Indian digital media platform, to assist and educate women from small towns in India in overcoming significant barriers to entrepreneurship.
• S.H.E. is a collection of short films that illustrate the obstacles women encounter in becoming entrepreneurs, including gender stereotypes, family obligations, financial and societal restraints, and a lack of self-confidence.

Appointments

19. Subodh Kumar Jaiswal, an IPS officer, has been named the new director of the CBI.

• Subodh Jaiswal, an IPS officer, has been named Director of the Central Bureau of Investigation (CBI). He was the most senior of the three officers selected for the CBI Directorship.
• The high-powered committee led by Prime Minister Narendra Modi short-listed Jaiswal, along with KR Chandra and VS Kaumudi, out of 109 officers for the top job. NV Ramana, the Chief Justice of India, and Adhir Ranjan Chowdhury, the Leader of the Opposition in the Lok Sabha, are also members of the committee.

Sports

20. Jack Miller of Australia is the winner of the rain affected competition. MotoGP is a motorsport competition held in France.

• Jack Miller of Ducati won the French Grand Prix at Le Mans in rainy conditions after a crash-filled MotoGP race. Miller finished ahead of local hopes Johann Zarco and Fabio Quartararo.
• Miller won his second race in a row after winning the Spanish Grand Prix earlier this month, making him the first Australian to win back-to-back since Casey Stoner in 2012.

21. The Balbir Singh Senior International Hockey Stadium in Mohali is named after the legendary centre-forward.

• On the first anniversary of his death, the Mohali International Hockey Stadium in Punjab was dedicated to legendary centre-forward Balbir Singh Senior in a formal ceremony.
• It was also decided that the sports department would establish a scholarship for state athletes in the name of the three-time Olympian.

22. The Sports Ministry has approved the establishment of 143 Khelo India Centres in seven states across the country.

• The Sports Ministry has given its approval for the establishment of 143 Khelo India Centres in seven states across the country, at a cost of Rs 14.30 crore.
• Maharashtra, Mizoram, Goa, Karnataka, Madhya Pradesh, Arunachal Pradesh, and Manipur are among the states.
• Each of the Khelo India Centres will be in charge of one sports discipline. The funds will be used for past-champion athletes’ remuneration as coaches and support staff, as well as the purchase of equipment, sports kits, consumables, and participation.

23. Casper Ruud wins the Men’s Singles event at the Geneva Open tennis tournament.

• Casper Ruud of Norway defeated Denis Shapovalov 7-6 (8/6), 6-4 in the ATP Geneva Open final.
• After winning in Geneva, the Norwegian world number 21 will be one of the top 16 seeds in Paris.
• Ruud now has a 2-2 record in finals, all of which have been held on clay courts. Last year, the 22-year-old Norwegian won the title in Buenos Aires.

Awards

24. SpiceHealth wins Gold Stevie Award 2021

• SpiceHealth, a healthcare company founded by SpiceJet’s promoters, won the Gold Award for “Most Valuable Medical Innovation” at the 2021 Asia-Pacific Stevie Awards under Covid19.
• In November 2020, when Covid-19 was at an all-time high in India, SpiceHealth, led by Avani Singh, disrupted the Real-Time Polymerase Chain Reaction (RT-PCR) testing industry by offering checks in cell laboratories for $499, compared to the then-current rate of $2,400 in Delhi, and helped bring Covid-19 testing costs down dramatically across the country.

Obituary News

25. Lee Evans, a record-breaking American Olympic sprinter, has died.

• Lee Evans, the record-breaking sprinter who protested by wearing a black beret at the 1968 Olympics, went on to work as a humanitarian in support of social justice.
• Evans broke the 44-second barrier in the 400 metres, winning gold in 43.86 seconds at the Mexico City Games.

26. Max Mosley, a former Formula One boss, has died.

• Max Mosley, the former president of Formula One’s governing body, died of cancer at the age of 81.
• Mosley was the youngest son of Oswald Mosley, the British fascist movement’s leader in the 1930s.
• Before becoming president of the International Automobile Federation (FIA) in 1993, Mosley was a racing driver, team owner, and lawyer.

Important Days

27 . On May 26, 2021, the world celebrates Vesak Day.

• On May 26, 2021, the world celebrates Vesak Day. Vesak, or Full Moon Day, is the holiest day for Buddhists all over the world. Lord Gautham Buddha attained enlightenment on this day.
• Every year, the United Nations commemorates this day. Since 2000, the United Nations has commemorated this day. In 1999, a resolution was passed to commemorate the day.
• The International Vesak Summit has been held annually since 2004. It was held in Vietnam in 2019. The summit has previously taken place 11 times in Thailand, three times in Vietnam, and once in Sri Lanka.
• The decision to commemorate Buddha’s birthday as Vesak Day was first made in 1950 at the World Fellowships of Buddhists conference in Sri Lanka. Buddhist leaders from various countries attended the conference.

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