Daily Current Affairs 08th May 2021| Current Affairs News

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CURRENT AFFAIRS: IMPORTANT DAYS

World Red Cross and Red Crescent Day – Observed on May 08

  • World Red Cross and Red Crescent Day is an annual celebration of the principles of the International Red Cross and Red Crescent Movement. 
  • The themethis year is ‘Together we are #unstoppable!’ The World Red Cross Day is marked on May 8 every year to acknowledge the beliefs of the Red Crescent Movement and the International Red Cross.
  • This date is the anniversary of the birth of Henry Dunant, who is the founder of the International Committee of the Red Cross(ICRC).
  • He is also a recipient of the Nobel Peace Prize.
  • He was born on May 8, 1828.

 World Thalassemia Day – Observed on May 08

  • World Thalassemia Dayis observed every year on May 8th to commemorate Thalassemia victims and to encourage those who struggle to live with the disease.
  • The themethis year is “Addressing Health Inequalities Across the Global Thalassaemia Community”.
  • Facts: Thalassemiais an inherited blood disorder that causes your body to have less hemoglobin than normal.
  • Hemoglobin enables red blood cells to carry oxygen.
  • Every year since 1994, the Thalassaemia International Federation (TIF) is organizing many diverse activities for the International Thalassaemia Day, with the objective to draw the attention of general public, patient associations, public authorities, healthcare professionals, and industry representatives, to fuel discussions and promote actions on a particular theme related to the prevention, management or treatment of the disease in a patient-centered manner.

CURRENT AFFAIRS: NATIONAL NEWS

CBSE unveiled new mobile application for psycho social wellness of students, parents

  • Central Board of Secondary Education (CBSE) has launched a new mobile application for psycho social wellness of students and parents. 
  • The new app namely CBSE Dost for Life has been designed for students of classes 9 to 12 and it can be used for counseling sessions from 10th of May.
  • Making a departure from the existing practice of counseling through toll free numbers across the country, the board has designed this facility for the ease, convenience and utility of students and parents within the safe home environment. 
  • Through this app, live counseling sessions will be conducted free of cost on Monday, Wednesday and Friday by the trained counselors.
  • The students and parents can choose any of the two time slots – 30 AM to 1.30 PM or 1.30 PM to 5.30 PM and connect through a chat box as per their convenience.
  • The app will also provide students information on suggestive course guides after ten plus two, tips on mental health and well-being, a corona guide and rap songs.

Workplace vaccination drive in National Media Centre organized by PIB 

  • The Press Information Bureau (PIB) organized a workplace vaccination drive in the National Media Centre, New Delhi. 
  • A medical team led by Dr Harsh Priya and Vaishak Nag administered vaccines to about one hundred 10 people.
  • The Information and Broadcasting Ministry said, Centre has approved the organizing of COVID-19 vaccination sessions at workplaces, both Public and Private, which are having about one hundred eligible beneficiaries by tagging these workplaces with an existing COVID Vaccination Center.
  • The Ministry said, organizing vaccination at the workplace is not only convenient but also helps to avoid travel and reduces the risk of exposure to COVID-19 virus.

Ayush Ministry launches nationwide campaign to distribute AYUSH 64 & Kabasura Kudineer for fight against COVID19 pandemic

  • In a concerted response to the second surge of COVID-19 infection in the country, the Ministry of Ayush is launching a massive nationwide campaign to distribute its proven poly herbal Ayurvedic drugs AYUSH 64 and Sidha drug Kabasura Kudineer.
  • The efficacy of these drugs has been proved through robust multi-centre clinical trials.
  • The multi stakeholder campaign being launched by Union Minister Kiren Rijiju will ensure that medicines reach the needy in a transparent and efficient manner.
  • The main collaborator in the campaign is Sewa Bharati.
  • It is worthwhile to note that since the COVID-19 pandemic hit the country, the Ministry of Ayush has taken several initiatives toward control and mitigation of COVID 19, while also working in close collaboration with the Ministry of Health and Family Welfare in the fight against COVID 19.
  • With the latest initiative of the Ministry to launch a nationwide campaign for distribution of AYUSH-64 and Kabasura Kudineer, India aims to strengthen its position in the fight against COVID19 pandemic.

CURRENT AFFAIRS: INTERNATIONAL NEWS

US calls upon WHO to ask Taiwan for World Health Assembly as observer

  • The United States has called upon the World Health Organization Director-General Tedros Adhanom Ghebreyesus to invite Taiwan to participate as an observer at the upcoming annual meeting of the World Health Assembly (WHA), saying there is no reasonable justification for Taipei’s continued exclusion from the forum.
  • Asserting that Global health and global health security challenges do not respect borders nor recognize political disputes, US Secretary of State Antony Blinken said that Taiwan offers valuable contributions and lessons learned from its approach to these issues and WHO leadership and all responsible nations should recognize that excluding the interests of 24 million people at the WHA serves only to imperil, not advance, our shared global health objectives.
  • The WHA is set to hold its 74th annual meeting virtually from Geneva, Switzerland, from May 24 to June 1.

India and EIB signed finance contract for second tranche of 150 mn Euro for Pune Metro Rail

  • The Government of India and European Investment Bank (EIB)signed the finance contract for second tranche of 150 million Euro for Pune Metro Rail project through a virtual signing ceremony.
  • Additional Secretary in the Ministry of Finance, K. Rajaraman signed the loan on behalf of Government of India and Christian Kettel Thomsen, Vice-President, signed the loan on behalf of EIB.
  • The Ministry of Finance in a statement said, the project aims to provide an efficient, safe, economic and pollution-free Mass Rapid Transit System in a densely populated area in the city of Pune served with heterogeneous traffic options.
  • The financing from EIB will help to fund construction and operation of Corridor 1- Pimpri Chinchwad Municipal Corporation to Swargate and Corridor 2 -Vanaz to Ramvadi, totaling about 31.25 kilometer and purchase of a related fleet of metro cars.
  • Further, the project will serve a large population which consists of the working class in providing urban mobility for their livelihood.
  • The Maharashtra Metro Rail Corporation Ltd is the implementing agency for this project.

CURRENT AFFAIRS: STATE NEWS

Kerala to provide about 30 lakh new tap water connections in current FY under Jal Jeevan Mission

  • Kerala will provide about 30 lakh new tap water connections in the current financial year under Jal Jeevan Mission. 
  • Jal Shakti Ministry said that Kerala presented their Annual Action Plan on planning and implementation of Jal Jeevan Mission.
  • Kerala has more than 67 lakh rural households, out of which around more than 21 lakh households have tap water supply. 
  • The Ministry said, in the last financial year, about four lakh connections were provided in Kerala.
  • The State has planned to achieve the target of ‘Har Ghar Jal’ by 2024.
  • The Ministry has urged the State to give top priority to coverage of households in SC/ ST majority areas and Aspirational districts.
  • Jal Jeevan Mission is the flagship programme of the Central Government, which aims to provide household tap water connection to every rural household by 2024.

Gujarat govt asks All MLAs must allot Rs 50 lakh for health infrastructure

  • All MLAs in Gujarat will have to allot a minimum of 50 lakh rupees compulsorily from their local area development fund to upgrade facilities at hospitals.
  • Gujarat government took the decision at a meeting of the Core Committee for Covid Control.
  • According to the Gujarat government, every MLA will be required to allot their local area development fund to purchase medical equipment for the hospitals.
  • This will help to upgrade the medical facilities in civil hospitals, district hospitals, community health centres, primary health centres and hospitals run by local civic bodies.
  • According to the official sources, MLAs can allot the funds to the hospitals in their constituencies.
  • MLAs can also donate their grants to the hospitals run by charitable trusts on a no- profit basis.

Andhra Pradesh: PRANAYAMA started to help COVID patients to maintain oxygen level 

  • In Andhra Pradesh, many patients suffering from COVID-19 have started practicing PRANAYAMA, to have natural oxygen.
  • As many as 850 patients staying in Patrunivalasa COVID Care Centre, at Srikakulam in Andhra Pradesh, have been practicing yoga to improve their health under the supervision of yoga teachers.
  • The district Collector, Nivas has been visiting the Yoga Centre regularly and observes that it yields positive results.

CURRENT AFFAIRS: BUSINESS NEWS

Finance Minister deliver revenue deficit grant of Rs 10,000 crore to 17 states

  • The Finance Ministry released Rs 9,871 crore as Post Devolution Revenue Deficit grant to 17 States for the year 2021-22. 
  • The grants were released as per the recommendations of the Finance Commission in monthly installments to meet the gap in revenue accounts of the states post devolution.
  • “The Department of Expenditure, Ministry of Finance, released the second monthly installment of Post Devolution Revenue Deficit Grant of Rs 9,871 crore to 17 States,” the Finance Ministry said in a statement.
  • With this installment, the total amount released during the first two months of the current financial year has now reached Rs 19,742 crore.
  • The Centre provides the Post Devolution Revenue Deficit Grant to the States under Article 275 of the Constitution. 
  • The states recommended for grant are Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.

SBI and EIB to invest up to Euro 100 mln in Indian SMEs concentrated on climate change, sustainability

  • The European Investment Bank and the country’s largest lender SBI entered into a pact to jointly pump Euro 100 million in equity financing into Indian small businesses focused on climate change and sustainability.
  • An agreement got signed on the margins of the European Union-India leaders meeting in Portugal, where both the financial institutions agreed to back the initiative, as per a statement.
  • SBI already invests in a vehicle called Neev Funds for its impact investing objectives, and the two entities have created ”Neev Fund II” for taking ahead this partnership.
  • This is one of the EIB’s first private equity investments in India.
  • “Neev Fund II will provide equity to SMEs focusing on mitigating climate risks, promoting social development, job creation, and gender equality at scale,” SBI chairman Dinesh Khara
  • He added that the cooperation with EIB, one of the world’s largest providers of climate finance, will further strengthen and deepen the bond between India and the European Union.
  • The EIB and SBI will together support the new Neev Fund II investment fund that will unlock climate action and sustainability investment by businesses across India through new equity financing.

CURRENT AFFAIRS: BANKING NEWS

RBI directs Banks should lend to healthcare space within 30 days of availing funds

  • The Reserve Bank of India (RBI) said banks should lend to stakeholders in the COVID-related healthcare infrastructure and services within 30 days from the date of availing funds under the Rs 50,000 crore liquidity window.
  • According to the scheme, while there is no tenor restriction, lenders will have to ensure that the amount borrowed from the central bank is backed by lending to the specified segments until the scheme’s maturity.
  • The scheme, which opens an on-tap liquidity window of Rs 50,000 crore for banks with tenors of up to three years at the repo rate till March 31, 2022, seeks to boost immediate liquidity, ramping up India’s Covid-related healthcare infrastructure and services.
  • The scheme will remain operational from May 07, 2021, till March 31, 2022.
  • According to Crisil Ratings analysts, liquidity window can help augment the bed capacity at hospitals by up to 20 per cent as credit will be available at cheaper costs.
  • The agency said 354 companies it rates, with an aggregate bank exposure of Rs 40,000 crore, will be eligible for such loans.

CURRENT AFFAIRS: APPOINTMENT AND RESIGNATION NEWS

NCCL appointed two new directors and the chairman’s tenure extended

  • National Commodity Clearing has appointed Praveena Kala and Harshvardhan Raghunath as public curiosity administrators on the board.
  • Kala is skilled in banking and administration whereas Raghunath has expertise within the area of finance and danger administration.
  • The tenure of present chairman of the governing board Ramaseshan and PID Shanti Srikanth was prolonged for three years, stated the clearing company.
  • The tenure of all of the PIDs can be efficient May 11.
  • Earlier, the reconstitution of the Governing Board of Directors together with the appointment of two new PIDs and reappointment of two present PIDs for 3 years was accredited by Sebi, stated NCCL.

CURRENT AFFAIRS : DEFENCE NEWS

Indian Navy established 150 bed covid care centre in Odisha

  • On May 07, 2021, Covid Care Centre established to treat COVID positive patients of Khurda District by Indian Navy at its ab-initio Training Establishment, INS Chilka, under the aegis of Naval Officer -in- Charge (Odisha)  was inaugurated by Mr SK Mohanty, District Collector, Khurda District.
  • The 150 bed isolation centre with an additional 15 bed oxygen facility at INHS Nivarini, the naval hospital, is all geared up for treating mild symptomatic Covid positive Patients.
  • Dedicated doctors/ paramedical staff from the district medical authorities along with personnel from the station community will be functioning 24×7 at the COVID Care Centre to provide adequate facilities and care to all its patients.
  • The District Collector during his address appreciated the Indian Navy for playing a crucial role of support in the battle against COVID-19.
  • He also apprised that this facility for Khurda district will not only enable better treatment to the infected people, but the support from the Indian Navy will also boost up their confidence.
  • This is a sterling example of Civil – Military cooperation towards a common aim, provide succour to COVID positive patients.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

IBM Unveils World’s First 2 Nanometer Chip Technology

  • On May 06, 2021, IBM unveiled a breakthrough in semiconductor design and process with the development of the world’s first chip announced with 2 nanometer (nm) nanosheet technology.
  • Semiconductors play critical roles in everything from computing, to appliances, to communication devices, transportation systems, and critical infrastructure.
  • IBM’s new 2 nm chip technology helps advance the state-of-the-art in the semiconductor industry, addressing this growing demand. 
  • It is projected to achieve 45 percent higher performance, or 75 percent lower energy use, than today’s most advanced 7 nm node chips.
  • The potential benefits of these advanced 2 nm chips could include:
  • Quadrupling cell phone battery life, only requiring users to charge their devices every four days.
  • Slashing the carbon footprint of data centers, which account for one percent of global energy use. Changing all of their servers to 2 nm-based processors could potentially reduce that number significantly.
  • Drastically speeding up a laptop’s functions, ranging from quicker processing in applications, to assisting in language translation more easily, to faster internet access.
  • Contributing to faster object detection and reaction time in autonomous vehicles like self-driving cars.

About IBM :

  • IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries.
  • CEO: Arvind Krishna 
  • Founded: 16 June 1911
  • Headquarters: Armonk, New York, United States
  • Founders: Charles Ranlett Flint, Herman Hollerith

CURRENT AFFAIRS : BOOKS & AUTHORS

The Bench : To Release Meghan Markle’s First Children’s Book 

  • Meghan, the Duchess of Sussex, is releasing her first children’s book, titled ‘The Bench’ in June 2021.

About the Book :

  • The book deals with the one rooted in the relationship between Prince Harry and their son, Archie.
  • It will be published by Random House Children’s Books.
  • Random House Children’s Books announced that The Bench will be released 8 June.
  • Meghan will also narrate the audiobook edition of this book.
  • It is illustrated by award-winning illustrator Christian Robinson and Meghan will narrate the audiobook edition.
  • The book features a diverse group of fathers and sons and moments they share.

Note :

  • The content of the book has been taken from the poem Meghan wrote for Harry on his first Father’s Day after Archie’s birth on May 06, 2019.

About the Author :

  • Meghan, the actor formerly known as Meghan Markle, narrated the Disney nature film Elephant and the couple has a Netflix deal. 
  • Their first project for the streaming service focuses on the Invictus Games, a competition for sick and injured military personnel and veterans that was championed by Harry.

CURRENT AFFAIRS : OBITUARIES

Veteran Music Composer Vanraj Bhatia Passes Away

  • On May 07, 2021, Veteran music composer Vanraj Bhatia has Passed away.
  • He was 93.
  • He was the best-known composer of Western classical music in India.
  • He scored the music for Shyam Benegal classics like ‘Ankur’ and ‘Bhumika’ and TV series ‘Yatra’ and ‘Bharat Ek Khoj’.
  • His work ranged from composing music for advertisement films, feature films, mainstream films, television shows, documentaries.
  • His last work was an opera titled ‘Agni Varsha’ which was performed in New York.

Achievements :

  • He won the National Film Award for Best Music Direction for the television film Tamas (1988), and the Sangeet Natak Akademi Award for Creative and Experimental Music (1989)
  • He also won the Padma Shri award (India’s fourth-highest civilian honour), in 2012.

Veteran journalist Shesh Narayan Singh Passes away   

  • On May 07, 2021, Veteran senior journalist Shesh Narayan Singh passed away.
  • He was 70.
  • To keep his memory alive, the Noida Media Club (NMC) has decided to organise regular seminars annually from now on to pay homage to him,” Noida Medic Club’s president Pankaj Parashar announced.
  • The NMC also announced an initiative to build a memorial in Noida as a mark of respect to those journalists who have lost their lives to the pandemic across India.
  • He was a columnist, political commentator and an expert on foreign policy.
  • He had a career spanning over two decades.

Former Union Minister Matang Sinh Passes Away         

  • On May 06, 2021, Former union minister and Congress leader, Matang Sinh Passed away.

About Matang Sinh :

  • Matang Sinh was born in 1962 and was a resident of Tinsukia.
  • Singh was elected to the Upper house in 1992 from Assam. 
  • He was union minister of state in parliamentary affairs from 1994 to 1998.
  • Matang Sinh was well known in Assam as a TV tycoon. 
  • He had introduced Assam and the Northeast to satellite television by launching the region’s first satellite news channel – Northeast Television (popularly known as NETV) in 2003.

Daily CA On May 07 :

  • World Athletics Day 2021is being celebrated on May 7. The International Amateur Athletic Federation (IAAF) started celebrating World Athletics Day to promote participation in sports among the youngsters.
  • May 7 is the birth anniversary of India’s first Nobel laureate Rabindranath Tagore. His birth anniversary falls on the 25th day of the Bengali month of Boishakh and is popularly called “Pachishe Boishakh”.
  • Border Roads Organization, BRO is celebrating its 61st Raising Day. BRO is a leading road construction agency under the Ministry of Defence with a primary role of providing road connectivity in the border areas.
  • Indian Railways has delivered 2511 MT of liquid medical oxygen in 161 tankers to various states across the country so far.
  • The Cabinet chaired by Prime Minister Narendra Modi gave its approval for allocation of additional food grains to all beneficiaries of National Food Security Act for two additional months of May and June this year.
  • Minister of State for Ports, Shipping and Waterways Mansukh Mandaviya has said that INS Talwar, with 40 tonne Liquid Medical Oxygen has reached New Mangalore Port in Karnataka.
  • The Finance Ministry released the second monthly installment of Post Devolution Revenue Deficit Grant of Rs 9,871 crore for 2021-22 to 17 States.
  • Prime Minister Narendra Modi will participate in the meeting of the European Council as a special invitee. The India-EU Leaders’ Meeting is being hosted by Prime Minister of Portugal António Costa.
  • As public concerns mount over holding the Tokyo Olympics Games amidst COVID-19 pandemic, an online campaign called “Stop Tokyo Olympics” has gathered almost 200,000 signatures.
  • The Tamil Nadu cabinet led by Chief Minister MK Stalin. The state Governor Banwarilal Purohit administered the oath of office and secrecy to Mr Stalin and his 33 other cabinet colleagues at a function held in the Raj Bhavan lawns in Chennai.
  • The Madhya Pradesh government is launching a new scheme to provide free treatment to poor COVID patients.
  • Haryana Government has launched Ayurvedic telemedicine facility for Corona patients. Health Minister Anil Vij said that any patient can consult the Ayurvedic Doctors on phone by dialling 1075.
  • NR Congress Chief N Rengasamy will be sworn in as the Chief Minister of the Union Territory of Puducherry in a simple function arranged  at  Raj Nivas.
  • Gujarat Unit of Ayurveda Vyaspeeth has launched an “Ayurvedic Doctors on Call” service to serve the Covid patients in the state.  Under this service, 170 Ayurvedic doctors will give free Ayurvedic consultations to the Covid patients on phone calls.
  • Himachal Pradesh Chief Minister Jai Ram Thakur launched dedicated COVID-19 Helpline ‘Mukhyamantri Sewa Sanklap Helpline 1100’ for facilitating the people regarding COVID related issues in Shimla.
  • Italian Ambassador to India Vincenzo de Luca switched on an oxygen plant at ITBP Referral Hospital at Greater Noida. The plant will supply oxygen to more than 100 beds at a time to the Covid19 patients admitted at the centre.
  • Fintech major Paytm launched ‘COVID-19 Vaccine Finder’ – a platform to help citizens check the availability of vaccination slots – on its Mini App store.
  • Bajaj Finance is all set to join the likes of Paytm and Amazon in the prepaid payment segment with the Reserve Bank of India (RBI) approving the non-bank lender’s foray with perpetual validity.
  • China suspended an economic dialogue with Australia, stepping up a pressure campaign that began over Australian support for a probe of the corona virus and has disrupted exports to the country’s biggest foreign market.
  • UTI Mutual Fundhas appointed Peshotan Dastoor as Group President and Head of SalesDastoor will be developing UTI’s sales strategy, providing leadership to the sales team and exploring new opportunities for distribution and growth.
  • Ola Electric, which is gearing up to build the world’s largest scooter factory in Tamil Nadu, has hired N Balachandaras chief human resources officer (CHRO).
  • Karnataka Vikas Grameena Bank (KVGB) has bagged five top awards under various campaigns held for enrollment of Atal Pension Yojana (APY) from Pension Fund Regulatory and Development Authority (PFRDA).
  • The Husky Investment Tournament hosted by the College of Business at Michigan Technological University this spring drew high school business students from across the country and world to compete for a cash prize and scholarships toward a Michigan Tech education.
  • Tennis legend Rafael Nadal has won the Sportsman of the Year award at the 2021 Laureus World Sports Awards that were unveiled at a digital awards ceremony from Seville, Spain. The Sportswoman of the Year award went to Naomi Osaka.
  • UN Secretary General Antonio Guterres honored Indian UN Peacekeeping officer Yuvraj Singh, who died in line of duty in 2020, during the UN annual Memorial Service 2021.
  • The National Dairy Development Board said it has signed an agreement with Energy Efficiency Services Ltd (EESL) to promote efficient renewable technologies in the dairy industry.
  • Memoranda of Understanding (MoUs) were signed between the Oil and Gas PSUs, Indian Oil, BPCL, HPCL, ONGC and GAIL and Shri Badrinath Utthan Charitable Trust for Construction and Redevelopment of Shri Badrinath Dham as a Spiritual Smart hill Town.
  • The Union Cabinet has approved the signing of an MoU on Migration and Mobility Partnership between India and the UK.
  • Indian Army has clarified that the Defence Ministry has approved a total of 50 Armed Force Medical Services, AFMS hospitals including 42 Army, five Air Force and three Navy designated as Dedicated and Mixed COVID Hospitals. 
  • On April 30, 2021, Indian Army has recently inaugurated the first green solar energy plant in Sikkim. The facility, which uses vanadium-based battery technology. It was built at an altitude of 16000 ft. in the northern part of the state and has a capacity of 56 KVA.
  • On May 04, 2021, The first-ever India-France-Australia Trilateral Foreign Ministerial Dialogue held in London, UK.
  • Bengaluru has slipped four positions to rank 40th globally in annual price appreciation of luxury residential properties, according to real estate consultant Knight Frank.
  • On May 04, 2021, Father of the Nation Mahatma Gandhi’s former personal secretary V Kalyanam Passed away.

Daily CA On May 08 :

  • World Red Cross and Red Crescent Day is an annual celebration of the principles of the International Red Cross and Red Crescent Movement. The themethis year is ‘Together we are #unstoppable!.
  • World Thalassemia Dayis observed every year on May 8th to commemorate Thalassemia victims and to encourage those who struggle to live with the disease.The theme this year is “Addressing Health Inequalities Across the Global Thalassaemia Community”.
  • Central Board of Secondary Education (CBSE) has launched a new mobile application for psycho social wellness of students and parents. 
  • The Press Information Bureau (PIB) organized a workplace vaccination drive in the National Media Centre, New Delhi. 
  • The Ministry of Ayush is launching a massive nationwide campaign to distribute its proven poly herbal Ayurvedic drugs AYUSH 64 and Sidha drug Kabasura Kudineer.
  • The United States has called upon the World Health Organization Director-General Tedros Adhanom Ghebreyesus to invite Taiwan to participate as an observer at the upcoming annual meeting of the World Health Assembly (WHA).
  • The Government of India and European Investment Bank (EIB)signed the finance contract for second tranche of 150 million Euro for Pune Metro Rail project through a virtual signing ceremony.
  • Kerala will provide about 30 lakh new tap water connections in the current financial year under Jal Jeevan Mission. 
  • All MLAs in Gujarat will have to allot a minimum of 50 lakh rupees compulsorily from their local area development fund to upgrade facilities at hospitals.
  • In Andhra Pradesh, many patients suffering from COVID-19 have started practicing PRANAYAMA, to have natural oxygen.
  • The Finance Ministry released Rs 9,871 crore as Post Devolution Revenue Deficit grant to 17 States for the year 2021-22. 
  • The European Investment Bank and the country’s largest lender SBI entered into a pact to jointly pump Euro 100 million in equity financing into Indian small businesses focused on climate change and sustainability.
  • The Reserve Bank of India (RBI) said banks should lend to stakeholders in the COVID-related healthcare infrastructure and services within 30 days from the date of availing funds under the Rs 50,000 crore liquidity window.
  • National Commodity Clearing has appointed Praveena Kala and Harshvardhan Raghunath as public curiosity administrators on the board.
  • On May 07, 2021, Covid Care Centre established to treat COVID positive patients of Khurda District by Indian Navy at its ab-initio Training Establishment, INS Chilka, under the aegis of Naval Officer -in- Charge (Odisha)  was inaugurated by Mr SK Mohanty, District Collector, Khurda District.
  • On May 06, 2021, IBM unveiled a breakthrough in semiconductor design and process with the development of the world’s first chip announced with 2 nanometer (nm) nanosheet technology.
  • Meghan, the Duchess of Sussex, is releasing her first children’s book, titled ‘The Bench’ in June 2021.
  • On May 07, 2021, Veteran music composer Vanraj Bhatia has Passed away. He was the best-known composer of Western classical music in India.
  • On May 07, 2021, Veteran senior journalist Shesh Narayan Singh passed away.
  • On May 06, 2021, Former union minister and Congress leader, Matang Sinh Passed away.

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