Current Affairs - May 5, 2024 Current Affairs

The International Day for Mine Awareness and Assistance in Mine Action is observed on April 4th annually. This day highlights the ongoing efforts to address the dangers posed by landmines and explosive remnants of war (ERW) globally and celebrates progress in mine action initiatives.

The RBI has frozen the Foreign Portfolio Investor (FPI) limit at 6% for Government Securities (G-Secs) in the financial year 2024-25. G-Secs are financial instruments issued by governments through the RBI and include treasury bills and government bonds of varying maturities. This limit indicates the maximum percentage of G-Secs that foreign portfolio investors can hold in their portfolios, ensuring regulatory control and stability in the financial markets.

Tata Motors has collaborated with South Indian Bank to provide financing solutions for its commercial vehicle customers and dealerships. This partnership aims to facilitate easy access to financing for fleet owners and dealerships, supporting their business operations in the commercial vehicle segment.

The Supreme Court has mandated that 33% of the executive committee posts in the Supreme Court Bar Association (SCBA) are reserved for women lawyers. This directive ensures that at least three out of nine seats and two out of six senior executive members are reserved for women, promoting gender diversity and inclusion in the legal profession.

The Royal Netherlands Navy Ship HNLMS Tromp conducted a Maritime Partnership Exercise with INS Trishul, showcasing cooperation and operational engagement between the Indian Navy and the Netherlands Navy.

International Jazz Day is celebrated annually on April 30th, highlighting the power of jazz to promote peace, unity, and intercultural dialogue. In 2024, the city of Tangier, Morocco, will become the first African host city for this global celebration, showcasing the rich jazz traditions and cultural heritage of the region.

AstraZeneca, in collaboration with the University of Oxford, acknowledged that its Covishield vaccine can lead to rare side effects, including thrombosis with thrombocytopenia syndrome (TTS). This admission has led to legal actions, highlighting the importance of monitoring vaccine safety and addressing potential risks.

Gina Justus, an English High School teacher in Sharjah, UAE, won the regional Cambridge Dedicated Teacher Award for the MENA region in 2024. Her recognition highlights her exceptional dedication to teaching and charity work, making her a role model for educators.

John Swinney is set to assume the role of the first minister of Scotland, representing the Scottish National Party. This transition follows Kate Forbes' withdrawal from the leadership race, ensuring a smoother succession process. Swinney's candidacy, uncontested formally, reflects a significant shift in leadership dynamics, with implications for Scotland's political direction.

Jeremiah Manele was elected as the new prime minister of Solomon Islands with 31 votes. He has pledged to continue a China-friendly foreign policy and won the election amidst heightened security in Honiara, the capital of Solomon Islands.