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Banking Current Affairs
IDBI Bank Is For Sale: Latest In Current Affairs
The strategic stake sale in LIC-controlled IDBI Bank has received in-principle approval from the Union Cabinet. Prime Minister Narendra Modi’s Cabinet Committee on Economic Affairs has agreed to sell a stake in IDBI Bank. IDBI Bank is a 94 percent-owned joint venture between the central government and LIC. LIC alone owns 49.21% of the company. The government was also authorized to sell its interest in the bank by the LIC board. For future investments and other assistance, IDBI Bank does not need to depend on the government or LICs. It was recently revealed that the bank lost money in the last five years (2020–21) before turning a profit.
International Current Affairs
China-Australia Strategic Economic Dialogue Suspended: Today Current Affairs
China has confirmed that it would suspend all trade talks with Australia. The Chinese government has taken this move, claiming that Australia’s cold war attitude is harming normal ties. In response to the introduction of Corona in 2019, Australia had requested an investigation into the virus’s origin. As a result, China has banned all trade deals. Under the Belt and Road Initiative(BRI), Australia reversed two agreements made by the Victoria State government that was against the national interest. Finally, the China-Australia Strategic Economic Dialogue has been suspended.
National Current Affairs
SCSC Child Care Response Center: Free Current Affairs
In collaboration with the Society for Cyberabad Security Council(SCSC), the Child Care Response Center was developed. DCP Anasuya of Cyberabad Women and Child Safety said that the center would care for the children before their parents recovered from Covid. The key reason for establishing this center is to keep an eye on children’s welfare. Providing emotional health for both children and parents. It also offers 24-hour services with selected hospitals and physicians to help with health issues. VC Sajjanar, the Cyberabad Police Commissioner, launched a dedicated portal and a helpline number for this center. Parents who wish to use the programs must first register on the website.
Tamil Nadu Chief Minister Sworn In: Today Current Affairs
MK Stalin, the leader of the DMK, was sworn in as the chief minister of Tamil Nadu on May 7, 2021. With Stalin, Governor Bhanwarilal Purohit was administered the oath. The DMK alliance captured 156 seats out of a total of 234 seats, barely crossing the 118-seat majority mark. The DMK alliance received 46.21 percent of the vote, while the Anna DMK alliance received 40.14 percent. Stalin’s cabinet consisted of 34 members. Young people and graduates, as well as those who had previously served as ministers in the DMK government, were given opportunities by Stalin. M. Subramanian, the former mayor of Chennai, and P.K. Sekrababu, the party’s chairman, will also become ministers for the first time.
First Person To win an Election Without Campaigning: Daily Current Affairs
In Assam politics, Akhil Gogoi, who was imprisoned for protesting against the Citizenship Amendment Act (CAA), has made history. He defeated his closest rival, BJP’s Surabhi Rajkon, by 11,875 votes in the Shivsagar constituency. The National Investigation Agency (NIA) arrested Gogoi in December 2019 on charges of participation in violent demonstrations against the CAA across the state. Gogoi received his education at Guwahati’s Cotton College. He was elected as General Secretary of the College Student Union in 1995-96. He is best known for being a supporter of freedom of information. Also, He is well-known as a leader of the Krishak Mukti Sangram Samiti (KMS) Movement and was sentenced to prison.
State of the Work 2021 Report: Gk Current Affairs
Azim Premji University published a study titled “State of the Work 2021.” According to this report, by the end of 2020, 23 crore people in India will have dropped below the poverty line as a result of Covid’s economic effects. A total of 1.5 crore people have lost their jobs. In addition, 20% of poor families lost their entire income in April and May. It also notes that a package worth Rs 8 lakh crore would be needed to protect low-income groups from the effects of Covid-19. As a result, the Indian government has developed the National Rural Employment Guarantee Scheme to meet the needs of the people. It also assists Jan Dhan account holders by paying 5000 every three months. Both of these would contribute to a better working environment.
Obituary Current Affairs
Judicial Secretary G. Narayan Raju Passed Away: Gk Current Affairs
G. Narayana Raju, 62, died of corona while serving as secretary of the Union Ministry of Justice and an officer of the Indian Legal Services. Before the government presents its proposals to Parliament, the Legislative Secretary prepares the required drafts. The Election Commission’s concerns are also addressed by the Judiciary’s Legislative Section. However, Narayana Raju has constantly provided instructions to Union Ministers on how to carry out the assurances enacted in the Telangana State Partition Act. Narayana Raju’s term as legislative secretary was supposed to end this year, but he was recently granted a one-year extension. Narayana Raju, the Legislative Secretary, is no longer with us.
Summits & Conferences
PM Modi-Johnson Summit: Gk Current Affairs For Job Exams
Boris Johnson, the British Prime Minister, has a virtual meeting with Indian Prime Minister Narendra Modi. The two leaders came to an agreement on how to devise policies to improve ties in areas such as health, climate change, trade, and education. On the other hand, India has agreed to designate Britain as a “comprehensive strategic partner.” According to Johnson, the new deal would aim to double bilateral trade over the next ten years. The new agreement in the field of health care would aid in increasing involvement in the fight against infections. When required, it may also include medications, vaccines, and other medical items. Both countries’ Prime Ministers addressed the above issues.