Daily GK Update: 29th May 2022

By Neha Bisarya|Updated : May 29th, 2022

 Honours & Awards

1. 'Triangle of Sadness' wins the Palme d’Or at 75th Cannes Film Festival


  • 'Triangle of Sadness' directed by Ruben Ostlund has won the Palme d’Or at the 75th Cannes Film Festival for the second time.
  • Earlier, he had received the cinema’s most prestigious prizes for his movie 'The Square' in 2017.
  • Indian filmmaker Shaunak Sen has won the 'L'Oeil d'Or' award for his documentary 'All That Breathes'.
  • "A Night of Knowing Nothing" directed by Payal Kapadia has won the L'Oeil d'Or in 2021.
  • Best actor: Song Kang Ho
  • Best actress: Zar Amir Ebrahimi 
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2. INS Gomati decommissioned at Naval Dockyard after 34 years


  • Indian Navy has decommissioned the third ship of the Godavari class guided-missile frigates, INS Gomati at the Naval Dockyard in Mumbai.
  • INS Gomati was commissioned on 16 April 1988 by the then Defence Minister, KC Pant, at Mazgaon Dock Ltd, Bombay.
  • During its 34 years of service, the ship participated in Operations Cactus, Parakram and Rainbow, and multinational naval exercises. 
  • The ship was awarded the coveted Unit Citation in 2007-08 and 2019-20.
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 National Affairs

3. US becomes India's biggest trading partner in FY22


  • The US has replaced China to become the India's top trading partner in 2021-22, this is reflecting strong economic ties between the two countries.
  • The bilateral trade between two countries stood at $119.42 billion (2021-22) as against $80.51 billion in 2020-21, according to the data of the commerce ministry.
  • Other top trading partner: China ($115.42 billion), The UAE ($72.9 billion), Saudi Arabia ($42,85 billion), Iraq ($34.33 billion) and Singapore ($30 billion).
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 National Affairs

4. Jitendra Singh inaugurates India’s first ‘Lavender Festival’ in Bhaderwah


  • Dr. Jitendra Singh (Union Minister) has inaugurated the nation's first  Lavender Festival in Jammu’s district Bhaderwah.
  • Lavender cultivation has changed the destiny of farmers in Jammu and Kashmir under the government initiative of ‘Aroma Mission or Purple Revolution'.
  • Bhaderwah is in Doda district, is the best place for lavender cultivation in terms of land and climate.
  • Aroma Mission: To encourage the cultivation of aromatic crops for the production of essential oils
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 National & International Appointments

5. Olympic medalist, Lovlina Borgohain elected as IBA Athletes Committee Chair


  • Olympics bronze medallist, Lovlina Borgohain has been elected as the  voting member and chair on the Board of Directors for the Athletes’ Committee, the International Boxing Association (IBA).
  • She has received the highest number of votes at the 2022 Women’s World Championships election.
  • Shiva Thapa was elected by the boxers that participated during the men's world championships that was held in October 2021.
  • IBA Headquarters: Lausanne, Switzerland
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 National Affairs

6. Delhi Customs launches Project ‘NIGAH’ in Gurugram


  • Surjit Bhujabal (Chief Commissioner of Delhi Customs Zone) has inaugurated project ‘NIGAH’ at ICD Garhi Harsaru, Gurugram with an aim to track container by using ICTM (ICD Container Tracking Module).
  • This initiative will help in better visibility of the container movement inside the ICD and also help Customs to speed up the long standing containers and monitor timely clearances.
  • ICTM was developed in collaboration with the Custodian M/s. GRFL. 
Read Full News >>

 Banking & Finance

7. India’s GDP growth likely to be 8.2-8.5 per cent in FY22: SBI report


  • According to the State Bank of India’s research report Ecowrap, the growth rate of India’s Gross Domestic Product (GDP) is expected to be in the range of 8.2 to 8.5% in the FY22.
  • In the report, the projected growth for the Q4 FY22 at 2.7%.
  • Early trend of Q4FY22 results for corporates, in the listed space, Sectors like IT-software, auto ancillary, steel, FMCG, chemicals, and paper has better growth numbers in report.
  • SBI Bank Chairman: Dinesh Kumar Khara
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 Important Dates

8. International Day of UN Peacekeepers: 29 May


  • The International Day of UN Peacekeepers is observed annually on May 29 to pay tribute to the contributions of uniformed and civilian personnel to the organisation’s work.
  • Theme 2022:  People Peace Progress: The Power of Partnerships
  • The UN Peacekeepers are also known as the Blue Helmets.
  • Captain Abdelrazakh Hamit Bahar of Chad has received posthumously the highest award in UN peacekeeping, the ‘Captain Mbaye Diagne Medal for Exceptional Courage’.
Read Full News >>


9. India, UAE sign MoU to enhance bilateral cooperation on climate action


  • India has signed an MoU with United Arab Emirates to establish a framework to facilitate and enhance bilateral cooperation on climate action.
  • Objective: To contributes towards implementing the Paris Agreement 2015.
  • United Arab Emirates will host COP28 in 2023.
  • Paris Agreement 2015:
  • Aims to reduce carbon emissions to restrict global temperature rise to preferably 1.5 degrees Celsius as compared to the pre-industrial area.
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 State Affairs

10. Kolkata becomes first major metro to received its biodiversity register


  • Kolkata has become the first major metropolitan city in India to make a detailed biodiversity register.
  • The 520-page long document listed 399 species of plants which include 138 trees, 126 Chinese vegetables, 33 medicinal plants and nearly 100 other plants.
  • The report also listed around 290 animal species, including about 70 species of butterflies, 47 (fish), 84 (birds) and 22 (mammals).
  • West Bengal Governor: Jagdeep Dhankhar; Chief minister: Mamata Banerjee
Read Full News >>
Daily GK Update: 29th May 2022


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