16 May 2022 : Latest Current Affairs 16th May
Important Current Affairs 16th May 2022
In this article, we will discuss all the Current Affairs of 16th May about national, international, banking, finance, sports, awards, and many others. So if you are interested to know about the latest 16th May 2022 current affairs then read this article till the end.
Top Current Affairs 6th April 2022
Current Affairs of 16th May – National
1. NITI Aayog was established. A platform for National Data and Analytics
◉ The National Institution for Transforming India (NITI) Aayog has created the National Data and Analytics Platform (NDAP), which intends to increase access to and use of government data in India.
◉ The platform provides standardised datasets from India’s huge administrative data ecosystem. NDAP makes it simple for users to search, merge, view, and download datasets.
2. The National Skill Development Corporation International (NSDCI) and Hindustan Ports Private Limited, the Indian subsidiary of DP World in the United Arab Emirates, have signed an MoU to establish the Skill India International Centre in Varanasi.
◉ This programme intends to prepare Indian youngsters for abroad jobs in logistics, port operations, and related fields.
All Important 5 April Current Affairs
International News
3. Sheikh Mohammed bin Zayed Al Nahyan is the new President of the United Arab Emirates.
◉ At a conference held in Al Mushrif Palace in Abu Dhabi, the rulers of the United Arab Emirates unanimously elected Sheikh Mohammed bin Zayed Al Nahyan as President of the UAE.
◉ It comes following the death on May 13 of former President Khalifa bin Zayed Al Nahyan. Since becoming an independent nation in 1971, this US-allied nation of seven sheikhdoms has only chosen three presidents.
4. “Sky Bridge 721,” the world’s longest suspension bridge, has been opened in the Czech Republic.
◉ Tourists can now cross the world’s longest suspension footbridge, “Sky Bridge 721,” in Doln Morava, Czech Republic. The bridge spans two mountain peaks and hangs 95 metres above the Mlnsk Stream valley.
◉ The Sky Bridge 721, which is 721 metres (2365 feet) long and 1.2 metres wide, cost 200 million crowns to build (around USD 8.4 million).
Banking
5. For cash deposits and withdrawals over Rs. 20 lakh, PAN and Aadhaar are now required.
◉ For deposits or withdrawals of Rs. 20 lakh or more in a fiscal year, or for opening a current account or cash credit account with a bank, the Indian government has made quoting a Permanent Account Number (PAN) or Aadhaar number necessary.
◉ The Income-tax (Fifteenth Amendment) Rules, 2022, were released by the Central Board of Direct Taxes (CBDT) in this regard. The new regulations will take effect on May 26, 2022.
6. KEB Hana Bank was fined Rs. 59 lakh by the RBI.
◉ The Reserve Bank of India has fined KEB Hana Bank, a Korean bank, Rs 59 lakh for failing to follow certain deposit interest rate rules.
◉ The Korean bank was fined for failing to follow the Reserve Bank of India’s “Reserve Bank of India (Interest Rate on Deposits) Directions, 2016.”
Sports
7. South Korea won the Uber Cup 2022, defeating China.
◉ In an exciting battle that went down to the wire in Bangkok, South Korea surprised defending champions China to win badminton’s prized Uber Cup.
◉ The holders were looking for their 16th women’s team title, but with the countries tied at 2-2, it came down to a singles match between China’s 15th-ranked Wang Zhiyi and Korea’s 46th-ranked Sim Yu-jin.
8. India won its first match against Indonesia. 2022 Thomas Cup
◉ With a surprising 3-0 win over powerhouse Indonesia in the final, India’s men’s badminton team won the Thomas Cup for the first time ever.
◉ In the final of the Thomas Cup in Bangkok, Thailand, India defeated 14-time winners Indonesia 3-0 to win the title.
Important day
9. International Day of Light is celebrated on May 16th.
◉ Every year on May 16, the International Day of Light commemorates the first practical operation of the laser by physicist and engineer Theodore Maiman in 1960.
◉ This day serves as a reminder to boost scientific cooperation and maximise its potential for promoting peace and long-term development.
10. 16 May: International Day of Peaceful Coexistence
◉ Every year on May 16th, the International Day of Living Together in Peace is observed around the world. Its goal is to encourage people to live in harmony and peace.
◉ On 8 December 2017, the United Nations General Assembly passed a resolution declaring 16 May as the International Day of Living Together in Peace.
11. Buddha Purnima, or Vesak Day, is on May 16, 2022.
◉ The Asian lunisolar calendar’s Buddha Purnima, also known as Buddha Jayanti, Vaisakhi Buddha Purnima, or Vesak Day, commemorates Gautama Buddha’s birth.
◉ In India, Sri Lanka, Nepal, Bhutan, and a number of other South-East Asian nations, such as Thailand, Tibet, China, Korea, Laos, Vietnam, Mongolia, Cambodia, and Indonesia, it is widely seen.
Obituary
12. Padma Shri awardee and Sanskrit Scholar Bhagirath Prasad Tripathi died in Varanasi, Uttar Pradesh.
◉ He made significant contributions to popularising Sanskrit among the youth by employing current scientific methodologies. Shastri developed a unique way of teaching Sanskrit grammar known as ‘Vagyoga,’ a mnemonic method for comprehending the essence of words.
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