Current Affairs - May 20, 2024 Current Affairs

Ind-RA forecasts a GDP growth rate of 6.7% for the March quarter, reflecting a moderation from the exceptionally high growth rate of 8.4% observed in the December quarter. This projection aligns with the absence of factors like the significant boost from tax collections seen in the third quarter, leading to a more cautious estimate for the final quarter of the fiscal year.

China imposed sanctions on Boeing and two other US defense companies, General Atomics Aeronautical Systems, and General Dynamics Land Systems, for their involvement in arms sales to Taiwan. This move reflects China's stance on territorial claims and its opposition to arms sales to Taiwan amidst regional tensions.

RXIL's Trade Receivables Discounting System (TReDS) platform has achieved a significant milestone by facilitating financing of over 50 lakh invoices worth ₹1,00,000 crore since its inception. This platform plays a crucial role in providing accessible working capital financing solutions to MSMEs, contributing to India's economic growth and journey towards a ₹5 trillion economy.

The major study on the effectiveness of the HPV vaccine in reducing cases of cervical cancer was conducted by researchers at Queen Mary University of London. This study provides valuable insights into the vaccine's impact across all socio-economic groups, particularly highlighting its effectiveness in more deprived communities.

Lai Ching-te, the current Vice President, is set for appointment as Taiwan’s President after winning the presidential election. He has pledged to prioritize national prosperity and maintain stability across the Taiwan Strait through diplomacy.

'Surety Bond Bima' is designed specifically to provide security for infrastructure projects, safeguarding both contractors and principals from breaches during bidding and performance stages, thus supporting infrastructure development initiatives.

The recent Subcritical Nuclear test was conducted by the United States in Nevada. These tests aim to gather crucial data on nuclear warheads while adhering to the 1992 moratorium on nuclear explosions.

Cristiano Ronaldo claimed the top spot on Forbes' list of the highest-paid athletes, accumulating $260 million over the past year, primarily from his contract with Saudi club Al-Nassr and various off-field activities.

Australia recently announced the start date for the Mobility Arrangement for Talented Early-professionals Scheme (MATES) for Indian Nationals as part of the Migration and Mobility Partnership Arrangement (MMPA) established between Australia and India. This scheme aims to facilitate temporary mobility for Indian university graduates and early career professionals, fostering skills and knowledge transfer between the two countries.

Japan unveiled the prototype of the world's first high-speed 6G device, showcasing a data transmission rate of 100 gigabits per second (Gbps). This groundbreaking innovation promises lightning-fast connectivity, potentially revolutionizing communication and entertainment.

Pradeep Natarajan has received approval from the RBI to serve as the Whole Time Director on the Board of IDFC FIRST Bank, signalling a significant development for the private sector lender. This appointment, confirmed for a tenure of three years, underscores the bank's focus on enhancing its leadership team.

World Bee Day is observed annually on May 20th, commemorating the birth anniversary of Anton Janša, a pioneer in beekeeping, and emphasizing the critical role of bees in biodiversity, food security, and sustainable agriculture.