Daily GK Update: 19th May 2023

By Neha Bisarya|Updated : May 20th, 2023

 Honours & Awards

1. Harrison Ford receives the Palme D’Or Award at Cannes Film Festival 2023

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  • Actor Harrison Ford was honored with the prestigious Palme D'Or award for lifetime achievement at the 76th Cannes Film Festival 2023.
  • He received the award before the premiere of his film 'Indiana Jones and the Dial of Destiny'.
  • 76th annual Cannes Film Festival:
    • It is an annual film festival, held in Cannes France from 16 to 27 May 2023.
    • The festival opened with Jeanne du Barry (directed by Maïwenn).
    • The festival will close with Elemental directed by Peter Sohn
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 National Affairs

2. PM Narendra Modi left on a three-nation tour

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  • PM Narendra Modi embarked on tour to Japan, Papua New Guinea, and Australia on May 19, 2023.
  • At first, he will attend G7 Summit in Japan at an inivitation of Japanese PM Fumio Kishida.
  • G7 Summit preferences: Nuclear disarmament, economic resilience and security, food and health and development
  • Later, he will visit Papua New Guinea to host the third Summit of the Forum for India-Pacific Islands Cooperation with his Papua New Guinea counterpart James Marape.
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 National & International Appointments

3. CJI to administer oath to two new judges

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  • CJI DY Chandrachud has administered the oath of office to Justice Prashant Kumar Mishra and senior advocate Kalpathy Venkataraman Viswanathan as judges of the Supreme Court.
  • Current sanctioned strength: 34
  • Justice KM Joseph, Justice Ajay Rastogi and Justice V Ramasubramanian will retire in June 2023.
  • Currently, Justice PK Mishra is serving the Chief Justice of the Andhra Pradesh High Court.
  • KV Viswanathan is a senior advocate and a former Additional Solicitor General.
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 National Affairs

4. Centre to launch an ‘Integrative Health policy’

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  • Minister of Ayush Sarbananda Sonowal has inaugurated the National Ayush Mission Conclave in presence of Dr. Mansukh Mandaviya (Minister of Health).
  • Minister of Health informed that the Government will launch an ‘Integrative Health Policy’ for the health and wellness of public at large.
  • It would be a joint initiative of the Ministry of Health and the Ministry of Ayush.
  • Two ICT initiatives of Ministry of Ayush i.e. E-Learning Management System and AHMIS were launched.
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 National Affairs

5. India launches ‘Operation Karuna’ to assist cyclone-hit Myanmar

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  • India launched 'Operation Karuna' to provide humsanitarian assistance for people in Myanmar, which is affected by Cyclone Mocha.
  • Three INS (Shivalik, Kamorta, and Savitri) carrying relief material have already reached Yangon, Myanmar.
  • The ships are carrying emergency food items, tents, essential medicines, water pumps, portable generators, clothes, sanitary and hygiene items.
  • EAM Dr. Jaishankar informed that India continues to be the first responder in the region.
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 Banking & Finance

6. HDFC Mutual Fund launches India's first defence fund

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  • HDFC AMC Ltd has launched India's first mutual fund focussed on the defence sector.
  • Aim: To provide investors with an opportunity to participate in the growth potential of this space
  • The new fund offering (NFO) of HDFC Defence Fund is an open-ended equity scheme, that opened on May 19 and close on June 2, 2023.
  • The fund will invest at least 80% of its net assets in defence and allied sector companies including stocks forming part of aerospace and defence.
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 Obituaries

7. Hinduja Group chairman SP Hinduja passes away

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  • Srichand Parmanand Hinduja, chairman of the Hinduja Group, passed away in London at the age of 87.
  • He was a British billionaire businessman, investor, and philanthropist.
  • As of August 2022, together with his brother Gopichand, he was the UK's richest man.
  • In 1952, he joined his father PD Hinduja (founder of Hinduja Group) in the family business.
  • Subsidiaries of Hinduja Group: Ashok Leyland, IndusInd Bank, Gulf Oil International Ltd, Quaker-Houghton, etc.
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 Honours & Awards

8. WHO Director-General announces Global Health Leaders Awards 2023

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  • WHO DG, Dr. Tedros Adhanom Ghebreyesus will present two-lifetime achievement awards to Jean-Jacques Muyembe-Tamfum and Peter Piot at the 76th World Health Assembly held in Geneva on May 21.
  • Professor Muyembe-Tamfum from Congo is being recognized for his innovation and contributions to the management and treatment of diseases such as Ebola virus disease.
  • Professor Piot from Belgium is being recognized for his leadership in the response to the HIV/AIDS epidemic.
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 Important Dates

9. National Endangered Species Day 2023: 19 May

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  • National Endangered Species Day is observed annually on the third Friday in May each year to raise awareness about endangered species and the need for their conservation.
  • In 2023, this day is celebrated on May 19.
  • 2023 theme: Celebrating the 50th anniversary of the Endangered Species Act
  • In 1973, the Endangered Species Act was passed, which is designed to protect endangered and threatened species in the USA.
  • In India, the Wildlife Protection Act of 1972, was enacted.
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 Banking & Finance

10. Irdai forms task force to facilitate ease of doing KYC using Aadhaar

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  • The Insurance Regulatory and Development Authority of India (IRDAI) has formed a task force to facilitate ease of doing KYC and allied matters using Aadhaar.
  • At present, the UIDAI framework allows insurance companies to identify the customer by using his/her Aadhaar with consent management.
  • Besides the simplicity of customer onboarding and avoiding potential fraud, there are problems with providing the services and making claims.
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 State Affairs

11. UP govt to launch 5G technology training program for youth

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  • The UP government will launch a 5G technology training program under the Skill Development Mission for the youth.
  • Aim: To make the youth skilled in new and future employable technologies
  • The state government believes that in the future, youths trained in 5G technology will be needed on a large scale in the telecom sector.
  • The 5G technology will transform the entire telecom ecosystem of hardware, software, and services.
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 Banking & Finance

12. Aditya Birla Capital launches Udyog Plus

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  • Aditya Birla Capital has launched an MSME-focused portal, Udyog Plus to provide capital and other business solutions to small businesses, including investments and utility services.
  • It offers online loans up to Rs 10 lakhs to MSMEs through various product offerings such as supply chain finance.
  • Loans up to Rs 2 lakhs are provided without collateral or documentation.
  • For loans above Rs 2 lakhs, MSMEs are required to submit financial statements, ITR, and GST returns.
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 Banking & Finance

13. Credit card spend in forex to come under RBI’s remittance scheme

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  • As per a Finance Ministry notification, the spending in foreign exchange through international credit cards (ICCs) will be covered under the RBI’s liberalized remittance scheme (LRS).
  • Under this scheme, a resident can remit money abroad up to a maximum of USD 2.50 lakh per annum without the authorization of the Reserve Bank.
  • Earlier, the usage of ICCs for making payments for fulfilling expenses during travel outside India was not included in the LRS limit.
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 State Affairs

14. MP cabinet approves ‘Learn and Earn’ scheme for unemployed youth

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  • Madhya Pradesh CM Shivraj Singh Chouhan has informed that the state cabinet has approved a new scheme named ‘Mukhyamantri Sikho Kamao Yojana (Learn and Earn scheme) for unemployed youths.
  • Youth who have passed class 12th, ITI, Graduation, and post-graduation are eligible for this scheme.
  • A stipend amount will also be given to them for learning skills.
  • Youths, who have passed Class 12, would be given a stipend of Rs 8000, and an ITI pass would be given Rs 8,500.
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Daily GK Update: 19th May 2023

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