Daily Current Affairs for BBA & HM Exam: 26th May 2022

By Anupam Kawde|Updated : May 26th, 2022
  • Current Affairs plays a vital role in the preparation of BBA & IPM and HM Entrance exams. Current Affairs keep you update about the happenings around the world. The majority of questions asked in the exam are from the latest current affairs. 
  • Current Affairs not only keeps you up to date but also provides you a better perspective and knowledge about the important burning issues worldwide.

 National & International Appointments

1. Captain Abhilasha Barak becomes first woman combat pilot in Indian Army

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  • Captain Abhilasha Barak from Haryana, has become the first woman officer to join the Army Aviation Corps as a combat aviator after successfully completing her training.
  • She was awarded the coveted wings along with 36 other army pilots by the DG and Colonel Commandant of Army Aviation in Nashik.
  • She was commissioned into the Indian Army from the Officers Training Academy, Chennai in 2018.
  • She has been assigned to the second flight of 2072 Army Aviation Squadron.

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 Defense

2. Exercise Bongosagar begins at Mongla port

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  • The third edition of Indian Navy and Bangladesh Navy Bilateral exercise, Bongosagar has commenced at Port Mongla, Bangladesh.
  • Aim: Developing a high degree of interoperability and joint operational skills.
  • The exercise includes two phases: Harbour Phase and Sea Phase
  • The harbour phase includes professional and social interactions and friendly sporting fixtures.
  • The sea phase facilitate ships from both the navies to participate in intensive surface warfare drills.

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 Defense

3. India launching Project WARDEC AI-powered wargame centre

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  • The Army Training Command has signed an MoU with Rashtriya Raksha University (RRU) to develop first-of-its-kind simulation-based training centre ‘Wargame Research and Development Centre’ in New Delhi.
  • A prototype name ‘WARDEC’ has been gove to this project and use artificial intelligence (AI) to design virtual reality wargames.
  • The centre will be used by the Army to train its soldiers and test their strategies through “metaverse-enabled gameplay”. 

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 Agreement

4. NMCG signs quadripartite agreement for Sewage Infrastructure Development

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  • The National Mission for Clean Ganga (NMCG) has signed two quadripartite agreements for development of sewage infrastructure.
  • First agreement: NMCG, Kolkata Metropolitan Development Authority, M/s. Maheshtala Waste Water Management Private Limited and Union Bank of India, to stop the flow of sewerage into River Ganga from the town.
  • The other agreement is a Substitution Agreement between NMCG, KMDA, MWWMPL and Oesterreichische Entwicklungsbank.

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 National Affairs

5. National Achievement Survey 2021 report released by the Education Ministry

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  • Department of School Education and Literacy has released the National Achievement Survey (NAS) 2021 report to assesses the health of school education system in the country.
  • The survey has evaluated the children’s learning competencies at classes 3, 5, 8 and 10th with a cycle period of three years.
  • The survey conducted in 22 regional language.
  • About 34 lakh students of 1.18 lakh schools in 720 districts from both rural and urban areas have participated in NAS 2021.

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 National Affairs

6. PM Modi inaugurates India’s biggest drone festival

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  • PM Narendra Modi will inaugurate India’s biggest drone festival at Pragati Maidan, New Delhi and interact with kisan drone pilots as well as witness open-air drone demonstrations.
  • ‘Bharat Drone Mahotsav 2022’ is a two-day event and being held on May 27 and 28.
  • Many government officials, foreign diplomats, armed forces, public sector undertakings, private companies, central armed police forces, and drone startups will participate in the event.

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 State Affairs

7. Shirui Lily festival begins in Ukhrul, Manipur

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  • The fourth edition of the Shirui Lily Festival has began at Shirui village in Ukhrul district, Manipur.
  • The four-day festival was inaugurated by the Governor La Ganesan, which is taking place after a gap of two years.
  • The Shirui Lily blooms from late May to early June only on the Shirui village hilltop.
  • Aim of festival: To spread awareness about the rare Shirui flower and encourage tourism in Manipur.
  • Chief Minister: N Biren Singh

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 National & International Appointments

8. Gaurav Sachdeva appointed as CEO of e-commerce venture JSW One Platform

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  • JSW group has appointed Gaurav Sachdeva as the CEO of e-commerce venture of the group JSW One Platforms.
  • He will be responsible for creating a strong and healthy transparent platform that will ease buying and selling of steel and other products for manufacturing and construction MSMEs in the country.
  • Prior to joining JSW Ventures, he worked in leading institutions like Citibank, Bank of America and Infosys.
  • JSW group Founder: Sajjan Jindal; headquarters: Mumbai

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 National & International Organizations

9. WEF's Travel and Tourism Development Index 2021 released

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  • The World Economic Forum’s (WEF) has released the Travel & Tourism Development Index which comprises 117 countries.
  • Top 10: Japan, United States, Spain, France, Germany, Switzerland, Australia, United Kingdom, Singapore, Italy
  • India is the top scorer in South Asia and placed at 54th (fall by 8 rankings).
  • The WEF's index has shown various positive trends but the tourism and travel industry is still facing hurdles to recover properly. 
  • World Tourism Day: 27 September

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 Banking & Finance

10. IndusInd Bank ties up with Mahagram to develop digital payments system

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  • Mahagram (Rural NEO Bank) has signed a partnership with the IndusInd Bank to digitize the nation's payment ecosystem and provide a wider scope to transact for its customers in rural India.
  • Aim: To boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy, and accelerate the growth of a cashless society.
  • Mahagram was founded in 2015 to enable rural women to save money at the local Kirana stores.
  • Mahagram CEO: Ram Shriram

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 Banking & Finance

11. UCO Bank ties up with NBFC Paisalo Digital for agriculture loan

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  • UCO Bank has signed a co-lending agreement with NBFC Paisalo Digital Limited for agriculture business to capitalize the underbanked and under-serviced population.
  • The tie-up will give a boost to the agriculture advance of the bank and it is a win-win situation for the bank as well as the NBFC.
  • The Government of India aims to help agriculture and other small borrowers who are the backbone of the Indian economy.
  • UCO Bank MD & CEO: Soma Sankara Prasad

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 Banking & Finance

12. GIC buys 7.5% stake in Aditya Birla Fashion and Retail

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  • GIC (sovereign wealth fund) is acquiring a 7.5% equity stake in Aditya Birla Fashion and Retail (ABFRL) for Rs 2,195 crore.
    The investment will be made by way of preferential equity and warrants.
  • In the first tranche, the GIC will invest Rs 770 crore, while the rest amount of Rs 1,425 crore would be infused within 18 months.
  • After the investment, Aditya Birla Group will hold a controlling stake of 51.9% in the company.
  • Aditya Birla Group Chairman: Kumar Mangalam Birla

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 Books & Authors

13. Ruskin's book titled 'Listen to Your Heart: The London Adventure' released

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  • Ruskin Bond has released his latest book titled "Listen to Your Heart: The London Adventure" on his 88th birthday (19th May 2022).
  • Published by: Penguin Random House India (PRHI).
  • The book highlighted how he spent four years of his life in the Channel Islands and England.
  • Ruskin Bond was born in 1934, in Kasauli, and he grew up in Dehradun, Shimla, Jamnagar, and New Delhi.
  • His first novel: The Room on the Roof
  • Awards: Padma Shri (1999) and Padma Bhushan (2014).

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