Venezuela becomes the first country to lose all its glaciers


1 Venezuela becomes the first country to lose all its glaciers

Venezuela  recently witnessed a major environmental milestone, reflecting a grim reality of the climate crisis. The country  has become  possibly the first country in modern history  to lose all of its glaciers  . Earlier this month,  the Humboldt Glacier  was reclassified as an ice field, its last icy remnant. The event serves as a stark reminder that climate change is not a distant threat, but an immediate crisis that demands immediate action.

2 FABEXA 2024 inaugurated

On May 21,  Gujarat  Chief Minister  Bhupendra Patel  inaugurated   the 9th Textile Exhibition FABEXA organized  by  Muskatikpada Market Mahajan  of  Ahmedabad  at Helipad Exhibition Ground,  Gandhinagar . This four-day exhibition will run till May 24. FABEXA is being organized by Muskati Textile Mahajan Organization. More than 200 companies and brands will participate in this exhibition and exhibit their best products. Stalls of different types of clothes from across the country are set up here. FABEXA 2023 was also organized in Ahmedabad, which generated business of Rs 2,500 crore. FABEXA is India’s largest textile exhibition.

3 China bans US defense companies from selling weapons to Taiwan

China  has  sanctioned Boeing and two other US defense companies  for their involvement in arms sales to  Taiwan  . The announcement came on the day of Taiwan’s presidential inauguration, highlighting tensions in the region. Taiwan’s newly appointed President Lai Ching-te has stressed the need to strengthen the island’s security by acquiring advanced fighter jets and other technology as well as expanding its domestic defense industry. China’s Commerce Ministry has placed Boeing’s defense, space and security unit, General Atomics Aeronautical Systems and General Dynamics Land Systems on its list of “unreliable entities.” The move bans further investment in China by these companies and imposes travel restrictions on their senior management.

4 India to facilitate first ever Focused Working Group discussion on Antarctica Tourism at the 46th Antarctic Treaty Consultative Meeting (ATCM) in Kochi

India  is set to play a key role in facilitating the first focused discussion on  regulating tourism in Antarctica   at  the 46th Antarctic Treaty Consultative Meeting (ATCM)  and   the  26th meeting of the Committee on Environmental Protection (CEP) . Shri Kiren Rijiju, Union Minister, Ministry of Earth Sciences (MoES) was present on the occasion. The meetings will be organized by the National Centre for Polar and Ocean Research (NCPOR)Goa  under  the Ministry of Earth Sciences  and  the Antarctic Treaty Secretariat at  Kochi   ,  Kerala from  20 May to 30 May 2024. The gathering has over 350 participants from around 40 nations. The ATCM and CEP are high-level global annual meetings held in accordance with the provisions of the Antarctic Treaty, a multilateral agreement of 56 Parties signed in 1959. In these meetings, member countries of the Antarctic Treaty discuss issues related to science, policy, governance, management, conservation and security of Antarctica. The CEP was established in 1991 under the Protocol on Environmental Protection of the Antarctic Treaty (Madrid Protocol). The CEP advises the ATCM on environmental protection and security in Antarctica.

5 Serum Institute sent malaria vaccine to Africa

On May 20,  vaccine manufacturer Serum Institute of India  in   Pune  started  exporting   ‘ R21/Matrix-M ‘  malaria vaccine to Africa . This vaccine has been jointly developed by Oxford University  and  Novavax’s Matrix-M adjuvant  . In the first consignment of malaria vaccine, 43,200 vaccine doses were sent to the Central African Republic. A total of 1,63,000 vaccine doses will be sent to the Central African Republic. After this, it will be sent to many malaria endemic countries including South Sudan and Congo. According to the 2022 WHO report, 233 million cases were reported in Africa.

6 EU ministers unanimously give their final approval to the AI ​​Act

European Union  ministers   have unanimously given their final approval to the  Artificial Intelligence-AI Act . This will help in regulating the use of technology  in areas such as  high-risk jobs  and  law enforcement  . According to media reports, the European Union hopes that this law will help in the development of technology and dealing with other risks. It will also help in setting an international agenda for regulating AI.

7 Three-day Indo-Bangla Music Festival started in Bangladesh on the 250th birth anniversary of Lalan Shah.

A three-day Indo-Bangla music festival began in  Sherpur  , Bangladesh,  on   the  250th birth anniversary of Sufi saint and poet Lalon Shah  . It is organised by Lalan Biswasangh in collaboration with the Indian High Commission in Bangladesh and the Ministry of Culture of Bangladesh. Lalan, also known as Fakir Lalan Shah and Mahatma Lalan, was a renowned philosopher, Baul saint, composer of Sufi songs, social reformer and thinker. He influenced personalities like Rabindranath Tagore, Kazi Nazrul Islam and American poet Allen Ginsberg. He was born in 1774 in Horishpur in Jhenaidah district of Bangladesh.

8 Sri Sri Ravi Shankar receives first postage stamp to commemorate 200 years of Indian-origin Tamils ​​in Sri Lanka

Indian  spiritual leader Sri Sri Ravi Shankar  received  the first postage stamp issued to commemorate 200 years of Indian-origin Tamils ​​in Sri Lanka  . Governor of Sri Lanka’s Eastern Province Senthil Thondaman presented the stamp to Sri Sri Ravi Shankar. The event aims to recognize and honor the IoT community, which has faced neglect for decades. Thondaman expressed gratitude to both the Indian and Sri Lankan governments for supporting the IoT community.

9 Yes Bank launches ‘YES Grandeur’, a special banking program for special individuals

In a strategic move to meet the emerging needs of affluent and elite customers,  YES BANK has launched   ‘ YES Grandeur ‘, a premium banking service  designed to provide financial and lifestyle solutions. Under ‘YES Grandeur’,  customers with an average monthly balance of Rs 5 lakh  or  a Net Relationship Value (NRV) of Rs 20 lakh  get access to a suite of exclusive benefits. These include significant discounts on locker facilities as well as dedicated relationship managers, preferential rates and waivers on charges.

10 SBI General launches ‘surety bond insurance’ for infrastructure projects

SBI General Insurance  , the non-life insurance arm of  State Bank of India (SBI) , has  launched ‘ Surety Bond Insurance ‘  with an aim to provide security for infrastructure projects . Developed in line with the Government’s vision to enhance infrastructure, this product provides protection against breaches by contractors during both bid and performance stages of projects. It protects both the contractor and the principal (contract awarding authority) from potential risks. Surety Bond Insurance covers various types of bonds such as Bid Bond, Advance Payment Bond, Performance Bond, and Retention Money Bond. These bonds cater to the needs of different types of contractors operating in today’s volatile environment.

11 Pradeep Natarajan will be the whole-time director of IDFC FIRST Bank

The Reserve Bank of India (RBI)  has  given its approval for the appointment of Pradeep Natarajan as a whole-time director on the board of  IDFC FIRST Bank   , a significant development for the private sector lender. The approval, given for a three-year tenure, underlines the bank’s commitment to strengthening its leadership team.

12 Fusion Micro Finance secures $25 million loan from US International DFC

Fusion Micro Finance has secured a $25 million  loan  from  the United States International Development Finance Corporation (DFC)  to boost its expansion plans  , primarily   focused on empowering rural women entrepreneurs. Fusion Micro Finance intends to use the loan to expand its business operations and boost credit growth, particularly targeting rural women entrepreneurs. The borrowing is in line with the company’s strategy to diversify its liability mix and utilize different funding sources, ultimately strengthening its asset-liability profile.

13 Bank of Maharashtra tops PSU banks in business growth in FY 24

Bank of Maharashtra  has  left all the big public sector banks behind  in terms of  total business and deposit mobilization  .   With  15.94% growth in total business and 15.66% growth in deposits , it  outpaced competitors like State Bank of India . Pune-  headquartered Bank of Maharashtra recorded a jump of 15.94 per cent in total domestic business in the last financial year. At the same time, the largest lender in the government sector – State Bank of India (SBI) remained at second place with a growth of 13.12 percent. This information has been obtained from the financial data of public sector banks.

14 Cricket Scotland announces Nandini Dairy as official sponsor of the team

Cricket Scotland  announced  Karnataka’s ‘Nandini’ Dairy as its official sponsor for  its national team  in   the   upcoming  T20 World Cup to be held in the USA and West Indies . Nandini’s logo will be on the sleeve of the shirt of the Scotland men’s team in the tournament starting from June 2. The brand name and ‘logo’ written in Kannada language could be seen on the T-shirts of the players. The Scotland team will start its T20 World Cup campaign against England on June 4.

15 India won three gold medals in the World Para Athletics Championship in Japan.

 India won three gold medals at   the World Para Athletics Championships  in Japan . Sumit Antil  won first place   in  men’s F-64 javelin throw , Thangavelu Mariyappan won first place  in  T-63 high jump and Ekta Bhayan won first place  in   women’s  F-51 club throw .  India’s  Sandeep  won the bronze medal in the javelin throw event itself. Kashish  Lakra   won the silver medal in women’s  club throw. This competition will run till 25th May.