1. The Maharashtra government has launched a project called “Mission Oxygen Self-Reliance.”
- To meet the state’s oxygen needs, the Maharashtra government has launched the “Mission Oxygen Self-Reliance” scheme. Under this program, special incentives would be offered to companies that produce oxygen.
- Units established in the Vidarbha, Marathwada, Dhule, Nandurbar, Ratnagiri, and Sindhudurg regions will be eligible for incentives of up to 150 percent of their eligible fixed capital investments, while units established in the rest of Maharashtra will be eligible for general incentives of up to 100 percent.
2. The Uttarakhand government has announced the Vatsalya Yojana for children who have been orphaned as a result of Corona.
- Uttarakhand is a state in India. Chief Minister Tirath Singh Rawat has announced the Chief Minister Vatsalya Yojana, which will help orphaned children whose parents have died as a result of Covid-19.
- The State Government will make provisions for their upkeep, schooling, and preparation for jobs up to the age of 21 under the scheme.
3. The government has increased the variable dearness allowance for central government employees.
- The rate of Variable Dearness Allowance (VDA) has been notified and revised by the central government in order to provide relief to various categories of employees engaged in various scheduled employments in the central sphere.
- The increase will take effect on April 1st of this month. The VDA is modified based on the average Consumer Price Index for Factory Workers (CPI-IW), a Labor Bureau price index.
4. The G20 Health Summit is being held in Italy.
- In the wake of the coronavirus outbreak, the European Commission and Italy co-hosted the Global G20 Health Summit as part of Italy’s G20 presidency.
- The summit approved a plan to combat the Covid-19 pandemic. It also agreed to draught and adopt a set of principles known as the Rome Declaration.
Banking & Finance
5. The Reserve Bank of India will contribute a surplus of Rs 99,122 crore to the Central Government.
- The Reserve Bank of India will contribute a surplus of 99,122 crore rupees to the government. Governor Shaktikanta Das presided over a meeting of the Reserve Bank of India’s Central Board of Directors.
- The Board approved a surplus transfer to the Central Government of 99,122 crore rupees for the nine-month period ending March 31, 2021, and agreed to keep the Contingency Risk Buffer at 5.50 percent.
Business & Economy
6. The average monthly wage for employees has dropped by 17%.
- According to ‘State of Working India 2021: One Year of Covid-19,’ a study published annually by Azim Premji University’s Centre for Sustainable Employment in Bengaluru, the COVID-19 pandemic has significantly increased informality in employment, resulting in a decline in earnings for the majority of workers and a consequent increase in poverty in the region.
- The effect of one year of COVID-19 on wages, incomes, inequality, and poverty is the focus of this year’s survey, which covers the period March 2020 to December 2020.
7. Rajesh Bansal has been appointed as the head of the RBI’s innovation center.
- With effect from May 17, the Reserve Bank of India has named Rajesh Bansal as the Chief Executive Officer of the Reserve Bank Innovation Hub, a specialist in electronic cash transactions and digital financial services.
- He previously worked at the RBI in the fields of technology, financial inclusion, and payment systems in different capacities.
8. Narinder Batra was re-elected for a second term as President of the FIH.
- In a virtual presidential election, Indian Olympic Association president Narinder Batra was re-elected as president of the International Hockey Federation.
- This is Batra’s second term in office. Batra defeated Belgium’s Marc Coudron, who was the other candidate in the race, with 63 votes out of 124 casts.
9. Himanta Biswa Sarma, the president of BAI, was elected to the BWF Council.
- Himanta Biswa Sarma, the president of the Badminton Association of India (BAI), was elected to the BWF council for the term 2021-25.
- Sarma, who is also the Vice President of Badminton Asia, received 236 votes in the virtual AGM and Council election of the Badminton World Federation, where 20 council members were chosen from a field of 31 candidates (BWF).
10. PR Sreejesh has been named to the FIH Athletes’ Committee.
- During the virtual meeting of the world body’s Executive Board, India goalkeeper Pr Sreejesh was re-elected as a member of the FIH Athletes’ Committee. Since 2017, he has been a member of the panel.
- The addition of four new members to the Athletes’ Committee was announced by the EB. The Committee now includes Sreejesh Parattu (IND), Marlena Rybacha (POL), Mohamed Mea (RSA), and Matt Swann (AUS). Steve Horgan (USA) succeeds David Collier as chair of the FIH Rules Committee.
11. Atletico Madrid has won La Liga.
- Atletico Madrid pipped city rivals Real Madrid to the La Liga title with a 2-1 comeback victory over Real Valladolid, thanks to Luis Suarez’s goal.
- Atletico won the league with 86 points, while Real came in second with 84 points after a late 2-1 victory over Villarreal. Valladolid was relegated to Spain’s second division after finishing 19th.
12. Barcelona wins the Women’s Champions League final against Chelsea.
- Barcelona dominated Chelsea 4-0 in the Women’s Champions League final, winning it for the first time in the club’s history.
- Barcelona is the first Spanish team to win Europe’s elite club competition, which has recently been dominated by Lyon, the seven-time champions.
Science & Technology
13. DRDO creates the ‘DIPCOVAN’ antibody detection pack.
- The Defence Research and Development Organization (DRDO) has created the DIPAS-VDx COVID-19 IgG Antibody Microwell ELISA for sero-surveillance using an antibody detection-based package called DIPCOVAN.
- The kit will be extremely helpful in deciphering COVID19 epidemiology and determining a person’s previous SARSCoV2 exposure. With a sensitivity of 97 percent and specificity of 99 percent, the kit can detect both spike and nucleocapsid proteins of the SARS-CoV-2 virus.
14. For the sick, there is a toll-free helpline. ELDERLINE (14567) goes live in a number of states.
- ELDERLINE (14567), a toll-free helpline for the elderly, is now available in many states and is expected to be operational in all states by the end of the month. Uttar Pradesh, Madhya Pradesh, Rajasthan, Tamil Nadu, and Karnataka are the five major states where the facility is already operational.
- In the light of the current COVID pandemic, the Ministry of Social Justice has launched call centers in major states as part of the ELDERLINE initiative to resolve the problems of elders.
15. Coach OP Bhardwaj, the first Dronacharya awardee in Indian boxing, has died.
- O P Bhardwaj, a veteran boxing coach, passed away after a long illness. He was 82 years old at the time.
- Bhardwaj, India’s first Dronacharya awardee boxing coach, was a national selector and the national team’s coach from 1968 to 1989.
16. Raam Laxman, a veteran music director, has died.
- Vijay Patil, alias Laxman of the Raam Laxman duo, passed away. He was known for his work in films like Maine Pyaar Kiya, Patthar Ke Phool, Hum Saath Saath Hain, and Hum Aapke Hai Kaun. He was 79 years old at the time.
- Maine Pyar Kiya, a Salman Khan film, made Raam Laxman famous in 1989. His most successful collaborations were with Rajshri Productions. He composed music for over 200 films in Hindi, Marathi, and Bhojpuri.
17. Srikumar Banerjee, the former chairman of the Atomic Energy Commission, has died.
- Srikumar Banerjee, the former chairman of the Atomic Energy Commission (AEC), died at his Navi Mumbai home after suffering a heart attack.
- From April 30, 2004 to May 19, 2010, Banerjee served as the director of the Bhabha Atomic Research Centre (BARC). He then became the AEC’s chairman until 2012.
18. Mahamahopadhyay Pandit Reva Prasad Dwivedi, a well-known Sanskrit scholar, has died.
- Pandit Reva Prasad Dwivedi, a Sanskrit literature scholar, died. Dwivedi is also known as ‘Acharya.’
- Poetry in the form of epics and songs, novels, and prose are among his original works. He publishes new works under the pen name “sanatana,” which means “eternal.”
19. Commonwealth Day
- The Commonwealth Day is celebrated on the second Monday in the month of March every year. However, in India, another Commonwealth Day is also celebrated on May 24. Also known as Empire Day, Commonwealth Day commemorates the formation of the British Empire in India and other colonies of Britain.
- Theme 2021: Delivering a Common Future
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