In Current Affairs for 26 May 2024, we will see the latest national and international current affairs news. These important current affairs will be beneficial for your upcoming NDA, CDS, CDS OTA, AFCAT, TA, Agniveer Army, Agniveer Navy, Agniveer Air Force, Women Military Police, INET, MNS, ACC exams, SCO, PCSL, CAPF, and SSB interviews, and direct entries for Army, Navy, and Air Force like SSC Tech, TGC, JAG, NCC, TES, 10+2 Cadet. Download a PDF file about current events at the end of this article. Let us now see the Current Affairs.
Current Affairs 26 May 2024
G7 Finance Meeting
- Group of seven (G-7) finance meeting has concluded, touching upon global economic trends, financial support for Ukraine and multilateral development banking. After three three-day meetings in Italy’s Stresa, G-7 finance ministers and central bank governors noted that the global economy showed greater resilience than expected against multiple challenges.
- The labour market remains relatively robust and inflation has continued to moderate, the G-7 communique said.
- The G7 is an informal forum that holds an annual summit to discuss economic policy and security issues. The member countries are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. the European Union (EU) is a “non-enumerated member“. It is organized around shared values of pluralism, liberal democracy, and representative government. G7 members are the major IMF advanced economies.
Maldives Set To Introduce India’s RuPay Service
- Maldives is set to introduce India’s RuPay service. The move is being seen to bolster the Maldivian Rufiyaa.
- Local news reports quote Maldives’ Minister of Economic Development and Trade Mohamed Saeed who highlighted how both India and China have agreed to conduct bilateral trade using local currencies.
- This initiative aims to reduce dependency on the US dollar and strengthen regional financial integration. Recently, the Maldives confirmed that India and China would cooperate to facilitate import payments in their respective currencies.
- This policy shift is projected to cut Male’s annual import bill of 1.5 million US Dollars by nearly 50%.
- Mr. Mahawar assured New Delhi’s support in facilitating the settlement of import payments in Indian Rupees, marking a significant step in economic collaboration between the two nations.
- RuPay, developed by the National Payments Corporation of India (NPCI), is India’s premier card payment network. It enjoys widespread acceptance across ATMs, point-of-sale (POS) devices, and e-commerce platforms in India. Currently, RuPay is accepted in various countries including Bhutan, Nepal, Mauritius, UAE and Singapore.
Oxford Economics’ Global Cities Index
- Oxford Economics’ Global Cities Index, Delhi emerges as the highest-ranked Indian city, securing the 350th position among the world’s 1000 largest cities.
- However, no Indian city managed to break into the top 300.
- The index, encompassing cities from 163 countries, evaluates cities across five key categories: Economics, Human Capital, Quality of Life, Environment, and Governance. New York clinches the top spot, with London, San Jose, Tokyo, and Paris following suit.
- In India, besides Delhi, other major cities like Bengaluru, Mumbai, and Chennai make appearances in the index. Bengaluru secures the 411th position, while Mumbai and Chennai follow at 427 and 472, respectively. Notably, South Indian cities seem to fare relatively better in the rankings.
- The rankings, based on a holistic assessment, provide insights into the economic, social, and environmental standings of cities worldwide.
- Factors such as human capital, governance, and quality of life contribute to the overall scores, offering a comprehensive view of each city’s strengths and weaknesses.
- Oxford Economics, renowned as the world’s foremost independent economic advisory firm, leverages its extensive datasets to create the Global Cities Index.
- With a presence in over 200 countries and expertise across various sectors, the firm offers invaluable insights into global economic landscapes.
- While Indian cities secure varied positions on the index, Islamabad and Rawalpindi lead the rankings for Pakistan, securing the 578th spot. The comparison sheds light on the relative standings of cities within the South Asian region
Mission ISHAN
- India is embarking on Mission ISHAN, aimed at consolidating its fragmented airspace management into a single, unified system headquartered in Nagpur.
- This move promises to revolutionize air traffic management, benefitting both airlines and passengers.
- Currently, India’s airspace is divided into four flight information regions (FIRs) and a sub-FIR, each managed independently.
- This decentralization poses challenges in terms of coordination, efficiency, and capacity handling. Under Mission ISHAN, all FIRs will be integrated into a single airspace managed from Nagpur.
- This centralization is expected to optimize operations, enhance safety, and increase capacity, crucial for accommodating the soaring demand in the aviation sector.
- Unified airspace management will lead to smoother coordination, reduced congestion, and enhanced efficiency for airlines.
- By streamlining operations, ISHAN will enable India to handle a higher volume of flights, essential for accommodating the projected growth in passenger traffic.
- Optimized routes and improved coordination will result in shorter flying durations, translating to cost savings for airlines and enhanced convenience for passengers.
- Implementing ISHAN will require significant technological upgrades, process revisions, and personnel training.
- These challenges necessitate careful planning, investment, and policy formulation.
- The Airports Authority of India (AAI) has highlighted the need for a comprehensive study to address current and projected air traffic demands. Minimizing surveillance and communication gaps will be critical for reaping the full benefits of ISHAN.
- Air Marshal Anil Chopra underscores the safety and efficiency gains of ISHAN. Centralized control from Nagpur will provide a macroscopic view of air traffic flow, enabling flexible routing, reduced fuel consumption, and lower carbon emissions. Additionally, workload reduction for air traffic controllers will enhance operational safety.
Simran Sharma
- India’s Simran Sharma has won a Gold medal in the World Para Athletics Championships in Kobe, Japan. Simran clinched the gold in the women’s 200m T12 event, achieving a personal best time of 24.95 seconds.
- India concluded their World Para Athletics Championships journey with remarkable achievements, securing a total of 17 medals, including six golds, propelling them to the sixth position in the standings.
- Delhi’s sprinter Simran Sharma elevated India’s medal tally by claiming the country’s sixth gold yesterday. Her remarkable performance saw her improve upon her previous personal best of 25.16 seconds, securing the gold medal.
Current Affairs 26 May 2024 Question
- G7 Finance Meeting Recently Held In
A. Italy
B. Sudan
C. Bangladesh
D. India
ANSWER: A - Mission ISHAN Seen In News Related To
A. Elections
B. Airspace
C. Railways
D. Health
ANSWER: B - AT Oxford Economics Global Cities Index Delhi Ranked
A. 250
B. 100
C. 350
D. 377
ANSWER: C - Where Was The First Asian Relay Championships 2024 Held
A. Beirut, Lebanon
B. Bangkok, Thailand
C. Beijing, China
D. New Delhi, India
ANSWER: B - AT Recent Report By The Wildlife Institute Of India, Which State Has The
Maximum Number Of Gangetic Dolphins In India
A. Punjab
B. Odisha
C. Andhra Pradesh
D. Uttar Pradesh
ANSWER: D - Shallow Aquifer Management Model Launched In Telangana, Is Part Of Which
Scheme Of Ministry Of Housing And Urban Affairs
A. Smart Cities Mission
B. Swachh Bharat Mission
C. AMRUT (Atal Mission for Rejuvenation and Urban Transformation)
D. National Urban Renewal Mission
ANSWER: C - Emblica Chakrabarti New Plant Species Discovered In Which District Of Kerala
A. Ernakulam
B. Kozhikode
C. Kasaragod
D. Kollam
ANSWER: A - Which Organization Released A Report Titled ‘Financing Gap For Universal Social Protection’
A. International Monetary Fund (IMF)
B. International Labour Organization (ILO)
C. World Bank
D. International Maritime Organization (IMO)
ANSWER: B - 10th Wild Ass Population Estimation (WAPE) Exercise Was Conducted By The
Forest Department Of Which State
A. Gujarat
B. Rajasthan
C. Haryana
D. Punjab
ANSWER: A - Matua Community Is Mainly Associated With Which State
A. West Bengal
B. Arunachal Pradesh
C. Sikkim
D. Meghalaya
ANSWER: A - What Is ‘Ferroptosis’
A. Invasive plant
B. A type of virus
C. A form of regulated cell death
D. A type of submarine
ANSWER: C - ‘ Parivaar Pehchaan Patra’ And ‘Meri Fasal Mera Byora’ Schemes, Recently
Seen In News, Are Associated With Which State
A. Rajasthan
B. Punjab
C. Haryana
D. Uttar Pradesh
ANSWER: C - Silver Croaker Belongs To Which Species
A. Frog
B. Spider
C. Lizard
D. Fish
ANSWER: D - Grande Prairie Forest In News Due To Wildfire, Is Located In Which Country
A. Mexico
B. Vietnam
C. Malaysia
D. Canada
ANSWER: D - Which Institute Discovered Eco Friendly Solution For Treating Muddy River Water
A. Indian Institute of Science Education and Research, Bhopal
B. Indian Institute of Petroleum & Energy, Visakhapatnam
C. Indian Institute of Science, Bangalore
D. Indian institute of Technology, Kanpur
ANSWER: B - Spiti Valley Is Located In Which State
A. Arunachal Pradesh
B. Kerala
C. Tamil Nadu
D. Himachal Pradesh
ANSWER: D - Where Was 19th Session Of United Nations Forum On Forests Held
A. Paris
B. New York
C. California
D. London
ANSWER: B - What Is ‘Kawasaki Disease’
A. A rare heart disease
B. An eye disorder
C. Fungal disease
D. Bacterial disease
ANSWER: A - Andrott Kiltan & Kalpeni Islands, Located In Which Region Of India
A. Tamil Nadu
B. Lakshadweep Sea
C. Andaman Sea
D. Kerala
ANSWER: B - In Which Five Year Plan Rourkela & Durgapur Steel Plants Were Conceived
A. First
B. Second
C. Third
D. Fourth
ANSWER: B
