07th May 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 07th May 2021 covering the following news headlines: The Bench, Border Roads Organisation, Serum Institute of India, Rolls-Royce, HAL, India-France-Australia Trilateral Foreign Ministerial Dialogue.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 07th May 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. BRO celebrates 61st raising day on 7th May

  • The Border Roads Organisation (BRO) was formed on 7 May 1960, with the primary goal of securing India’s borders and developing infrastructure in remote areas of India’s north and northeastern states.
  • On 7 May 2021 BRO celebrated its 61st Raising Day (foundation day).
  • It is a leading road construction agency under the Ministry of Defence.
  • Its primary role is to provide road connectivity in India’s border areas. It also creates upgrades and maintains infrastructure along borders to meet India’s overall tactical and strategic goals.

Important takeaways for all competitive exams:

  • Director-General of BRO: Lt. Gen. Rajeev Chaudhary;
  • BRO Headquarters: New Delhi;
  • BRO Founded: 7 May 1960.

2. Serum Institute to invest £240 million to expand its vaccine business in UK

  • Serum Institute of India (SII) is expanding its vaccine business in the United Kingdom with an investment of £240 million.
  • The serum has already started phase one trials in the UK of a one-dose nasal vaccine for coronavirus, in partnership with Codagenix INC.
  • This was a part of the £533 million of new Indian investment in the UK in growing sectors such as health and technology.
  • Serum’s investment will support clinical trials, research & development and possibly manufacturing of vaccines. This will help the UK and the world to defeat the coronavirus pandemic and other deadly diseases.

Important takeaways for all competitive exams:

  • The SII was founded by Cyrus Poonawalla (Adar Poonawalla’s father) in 1966.
  • Adar Poonawalla joined the Serum Institute of India in 2001 and became the CEO of the company in 2011.

State News

3. DMK chief Stalin appointed as the Chief Minister of Tamil Nadu

  • Tamil Nadu governor Banwarilal Purohit has appointed Dravida Munnetra Kazhagam (DMK) chief MK Stalin as the chief minister of Tamil Nadu. The 68-year-old is the son of the former five-term Tamil Nadu chief minister, the late M Karunanidhi.
  • The DMK-led alliance won 159 seats, well ahead of the majority mark of 118 seats. The party alone won 133 seats in the election.
  • In the 2019 Lok Sabha elections, Stalin led the United Progressive Alliance (UPA), of which the DMK is a constituent, to victory in 38 out of 39 parliamentary seats in Tamil Nadu.

Agreements News

4. Rolls-Royce and HAL Sign MoU for Supporting MT30 Marine Engine Business

  • Hindustan Aeronautics Limited (HAL) and Rolls-Royce have signed an MoU to establish packaging, installation, marketing, and services support for Rolls-Royce MT30 marine engines in India.
  • Through this MoU, Rolls-Royce and HAL will expand their long-standing partnership in India and work together in the area of marine applications for the first time.
  • This partnership will leverage the rich experience of HAL’s IMGT (Industrial and Marine Gas Turbine) Division that works on marine gas turbines with Indian shipyards.

Important takeaways for all competitive exams:

  • Hindustan Aeronautics Limited: CMD: R Madhavan;
  • Hindustan Aeronautics Limited HQ: Bengaluru;
  • Rolls-Royce CEO: Torsten Muller-Otvos;
  • Rolls-Royce Founder: Bayerische Motoren Werke AG;
  • Rolls-Royce Founded: 1904;
  • Rolls-Royce Headquarters: Westhampnett, United Kingdom.

5. Oil and Gas PSUs inks MoU for Shri Badrinath Dham

  • The top Oil and Gas PSUs of India, including IndianOil, BPCL, HPCL, ONGC and GAIL, have inked a Memorandum of Understanding (MOUs) with the Shri Badrinath Utthan Charitable Trust, for Construction and Redevelopment of Shri Badrinath Dham in Uttarakhand as a Spiritual Smart hill Town.
  • These PSUs will contribute Rs. 99.60 crore in the first phase of the project.
  • The initiative is part of the Government’s effort to boost tourism by attracting more tourists, which in turn would strengthen the economy of the state. The rejuvenation work of Shri Badrinath Dham is expected to be completed within a span of three-year time.

Economy News

6. RM Sundaram appointed as Director of Indian Institute of Rice Research

  • Fitch Solution has estimated the GDP of the Indian economy to grow 9.5 per cent in 2021-22 (April 2021 to March 2022).
  • The cut in the real GDP is due to the economic damage caused as a result of state-level lockdowns imposed because of the sudden and steep surge in the number of coronavirus cases.

Summits and Conferences News

7. India, France, Australia hold first trilateral dialogue

  • The first-ever India-France-Australia Trilateral Foreign Ministerial Dialogue was held in London, UK, on the sidelines of the G7 Foreign Ministers’ Meeting.
  • The meeting was attended by External Affairs Minister, Dr S. Jaishankar from India, France’s Minister for Europe and Foreign Affairs, Mr Jean-Yves Le Drian and Australia’s Minister for Foreign Affairs, Senator Marise Payne.
  • The France, India, Australia trilateral meet was launched in September 2020 at Foreign Secretaries’ levels but has been elevated to ministerial level within one year of its inception. It has three joint priorities which are maritime security, environment, and multilateralism.

Awards News

8. Gita Mittal to be awarded Arline Pacht Global Vision Award

  • Former Chief Justice of Jammu & Kashmir High Court, Justice Gita Mittal, has been declared as one of the two recipients of the Arline Pacht Global Vision Award for 2021.
  • The Award will be presented at IAWJ’s Biennial Conference during the virtual opening ceremony on May 7, 2021. She shares the honour with Margarita Luna Ramos from Mexico.
  • International Association of Women Judges (IAWJ) instituted this award in 2016. Justice Mittal would be the first Indian judge to receive the award. Award is presented to a sitting/retired woman judge to recognize her contribution to IAWJ.

Important takeaways for all competitive exams:

  • President of International Association of Women Judges: Vanessa Ruiz;
  • International Association of Women Judges Founded: 1991;
  • International Association of Women Judges  HQ: Washington DC, USA.

Banking News

9. Kotak Mahindra Bank to Extend Online Payments to Farmers & Traders

  • Kotak Mahindra Bank (KMBL) announced it has been selected as a digital payments partner by the National Agriculture Market (eNAM), a pan-India electronic trading portal for farm produce.
  • KMBL will enable and facilitate online transactions for all stakeholders on the eNAM platform, including farmers, traders and farmer producer organisations (FPOs).
  • Under this initiative, Kotak will provide payment, clearing and settlement services on the eNAM platform to facilitate trade between a buyer and seller of Agri produce.
  • Kotak has integrated its payment system and portal directly with the payment interface of eNAM, to enable quick and safe transactions for Agri participants who have joined the platform.

Important takeaways for all competitive exams:

  • Kotak Mahindra Bank CEO: Uday Kotak.
  • Kotak Mahindra Bank Establishment: 2003.
  • Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra.
  • Kotak Mahindra Bank Tagline: let’s make money simple.

Important Days

10. World Athletics Day 2021: 05 May

  • The World Athletics Day-2021 is observed on the 5 May. The date is subject to adjustment, the date of World Athletics Day is decided by the IAAF, however, the month stays the same as May.
  • The first World Athletics Day was observed in 1996. The basic objective of World Athletics Day is to boost the participation of youths in athletics.

Important takeaways for all competitive exams:

  • World Athletics President: Sebastian Coe;
  • World Athletics Headquarters: Monaco;
  • World Athletics Founded: 17 July 1912.

Books and Authors News

11. Meghan Markle set to release Children’s Book ‘The Bench’

  • Meghan Markle will be releasing her new book, titled The Bench, on June 8, which was inspired by a poem she wrote to her husband, Prince Harry, on his first Father’s Day as a dad to son Archie.
  • The book, with watercolour illustrations by Christian Robinson, began as a poem that Markle says she wrote for Harry on the first Father’s Day after Archie was born.

Obituaries News

12. Former Union Minister and RLD Founder Ajit Singh Passes Away

  • Former Union Minister and Rashtriya Lok Dal (RLD) founder and leader Ajit Singh has passed away battling COVID-19. He was the son of former Prime Minister of India, Chaudhary Charan Singh.
  • Ajit Singh had served as Minister of Commerce & Industry under Prime Minister V. P. Singh; Minister of Food Processing Industries in P. V. Narasimha Rao’s cabinet; Minister of Agriculture in Atal Bihari Vajpayee’s government and Minister of Civil Aviation in Manmohan Singh’s cabinet.

13. Actress Abhilasha Patil passes away due to Covid-19

  • Actress Abhilasha Patil, who featured in films like ‘Good Newwz’, ‘Badrinath Ki Dulhania’ and ‘Chhichhore’, passed away due to Covid-19 complications. She was in her early 40s.
  • Apart from Bollywood movies, Patil also appeared in Marathi films such as ‘Te Aath Diwas’, Bayko Deta Ka Bayko’, ‘Prawaas’, ‘Pipsi’ and ‘Tujha Majha Arrange Marriage’.

Check More GK Updates Here

07th May Current Affairs 2021 | Current Affairs Today | Daily Current Affairs 2021

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