30th and 31st May 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 30th and 31st May 2021 covering the following news headlines: Indian Coast Guard, IPL 2021, GST Council, Salman Rushdie, World No-Tobacco Day, 2021 Asian Boxing Championships.

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 30th and 31st May 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Government launches YUVA PM Scheme For Mentoring Young Authors

  • The Department of Higher Education under the Ministry of Education has launched a new initiative called ‘YUVA- Prime Minister’s Scheme For Mentoring Young Authors’. YUVA stands for Young, Upcoming and Versatile Authors.
  • It is an Author Mentorship programme to train young and budding authors, below 30 years of age to promote reading, writing and book culture in the country, and project India and Indian writings globally.
  • The National Book Trust, India under the Ministry of Education will be the Implementing Agency for the scheme.
  • A total of 75 authors will be selected through an All India Contest, that will be conducted through https://www.mygov.in/ from 1 June – 31 July 2021.
  • The young winning authors will be trained by eminent authors/mentors.
  • A consolidated scholarship of Rs.50,000 per month for a period of six months per author will be paid under the Mentorship Scheme.

Important takeaways for all competitive exams:

  • Chairman of National Book Trust, India: Govind Prasad Sharma.
  • The National Book Trust, India is an apex body, established by the Government of India in the year 1957.

2. Govt announces scheme to provide pension for dependents of Covid victims

  • The Prime Minister Narendra Modi-led Government of India has announced two major measures for those families who have lost the earning member due to Covid, to mitigate financial difficulties that may be faced by them.
  • Firstly, the government have decided to provide family pension to such families and secondly, provide them with enhanced & liberalised insurance compensation.

To read the complete article: Click here

3. PM Modi announces Rs 10 Lakh PM CARES Fund for kids orphaned due to COVID

  • Prime Minister Narendra Modi has announced a number of welfare measures for children who lost their parents to COVID-19.
  • All children who have lost either both parents or surviving parents or legal guardians or adoptive parents due to COVID-19 will be supported under PM-CARES for Children scheme.
  • The government has announced the “PM-CARES for Children” scheme under which fixed deposits will be opened in the names of such children from the PM-CARES fund.
  • The total corpus of the fund will be Rs 10 lakh for each child.

To read the complete article: Click Here

Appointments News

4. CRPF DG Kuldiep Singh gets additional charge of NIA

  • Director-General of Central Reserve Police Force, Kuldiep Singh has been given additional charge of Director General of National Investigation Agency, NIA.
  • He will hold the additional post after 31st or this month after the superannuation of Y C Modi.
  • The Ministry of Home Affairs assigned the additional charge to Singh, a 1986-batch West Bengal cadre officer, who has been handling the post of CRPF Director General since March 16 this year.
  • He has been appointed as DG, CRPF up to September 30, 2022–the date of his superannuation.

Important takeaways for all competitive exams:

  • National Investigation Agency Headquarters: New Delhi;
  • National Investigation Agency Founder: Radha Vinod Raju;
  • National Investigation Agency Founded: 2009.

Banking News

5. RBI imposes Rs 10 crore penalty on HDFC Bank

  • The Reserve Bank of India has imposed a fine of Rs 10 crore on HDFC Bank for deficiencies in regulatory compliance found in the auto loan portfolio of the bank.
  • As per the RBI, HDFC Bank has violated the provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949.
  • After receiving a complaint from a whistleblower, RBI conducted an examination in the marketing and sale of third-party non-financial products to the bank’s auto loan customers and found that the bank was in contravention of regulatory directions.
  • RBI has imposed the monetary penalty in the exercise of powers vested by the central bank under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act.

Important takeaways for all competitive exams:

  • Headquarters of HDFC Bank: Mumbai, Maharashtra;
  • MD and CEO of HDFC Bank: Sashidhar Jagdishan;
  • The tagline of HDFC Bank: We understand your world.

Economy News

6. GST Council forms 8-member panel to examine tax exemption on Covid material

  • The Goods and Services Tax (GST) Council has constituted a group of ministers (GoM) in order to decide on the rates of COVID-19 relief material. Currently, 5% GST is levied on domestically manufactured vaccines, while it is 12% for COVID drugs and oxygen concentrators. Alcohol-based sanitisers, hand wash, disinfectants and thermometers attract 18% GST.
  • An eight-member ministerial panel under the Meghalaya chief minister Conrad K Sangma to consider Goods and Services Tax (GST) exemptions on a range of Covid-19 essentials such as vaccines, drugs, testing kits and ventilators.
  • According to its terms of reference, the GoM will examine the need for GST concession or exemption on Covid vaccines, drugs and medicines for Covid treatment, testing kits for Covid detection, medical-grade oxygen, pulse oximeters, hand sanitisers, oxygen therapy instruments (concentrators, generators and ventilators), PPE kits, N95 masks, surgical masks, temperature checking thermometers and any other items required for Covid relief.

Defence News

7. NSA Doval commissions Indian Coast Guard’s ship Sajag

  • National Security Advisor (NSA), Ajit Doval has commissioned the Indian Coast Guard (ICG) Offshore Patrol Vessel (OPV) Sajag, which has been constructed by Goa Shipyard Limited.
  • Sajag is the third in a series of five offshore patrol vessels indigenously designed in line with Prime Minister Narendra Modi’s ‘Make in India’ vision.
  • The indigenously-built ship is fitted with advanced technology equipment, weapon and sensors capable to carry a twin-engine helicopter and four high-speed boats.

Important takeaways for all competitive exams:

  • Director-General of Indian Coast Guard: Krishnaswamy Natarajan.
  • Indian Coast Guard Headquarters: New Delhi.

Schemes and Committees News

8. CBSE launches Young Warrior movement to combat Covid-19

  • CBSE launched a nationwide Young Warrior movement to engage 5 million young people to fight against Covid-19. This movement is expected to impact 50 million people. The Board has launched the movement together with the Ministry of Youth Affairs and Sports, Ministry of Health and Family Welfare, YuWaah-UNICEF, and a multi-stakeholder consortium of over 950 partners.
  • Students and teachers between the ages of 10 and 30 years can join this movement to safeguard themselves, their families, their communities, and the country!.
  • The movement will comprise a series of easy and real-life tasks with the Young Warriors earning a UNICEF certificate for their participation and completion of tasks.
  • The tasks include promoting access to verified health and essential services, vaccine registration, Covid appropriate behaviours, myth-busting etc.
  • These tasks will be hosted in 10 regional languages to protect themselves, their families and their neighbourhood against Covid-19.

Important takeaways for all competitive exams:

  • CBSE Chairman: Manoj Ahuja;
  • CBSE Head Office: Delhi;
  • CBSE Founded: 3 November 1962.

Sports News

9. Chelsea wins 2020-21 UEFA Champions League Final

  • Chelsea defeated Manchester City 1–0 in the final, to lift the 2020-21 UEFA Champions League title, on May 29, 2021, played at the Estádio do Dragão in Porto, Portugal.
  • German forward Kai Havertz scored the only goal of the football match. This is the second Champions League title for Chelsea, after winning the first won in 2012.

10. Mary Kom Settles with Silver Medal at 2021 Asian Boxing Championships

  • Indian pugilist Mary Kom, lost to two-time world champion Nazym Kyzaibay of Kazakhstan, to settle for silver medal at the 2021 ASBC Asian Boxing Championships in Dubai.
  • The five-time Asian Championships gold medallist Mary Kom was competing in a high-octane 51kg final.
  • This is the second silver for Mary Kom at the Asian Championships who has previously won silver in 2008. Apart from this, she won world championship titles on five occasions including 2003, 2005, 2010, 2012, and 2017.
  • Meanwhile, Pooja Rani won the gold medal in the 75kg Women’s Middle category final at the Asian Boxing Championships. She defeated Mavluda Movlonova in the gold medal clash.

11. IPL 2021 to resume in the UAE in September-October

  • The Board of Control for Cricket in India (BCCI) has confirmed that the IPL 2021 Phase 2 will be held in the UAE during the September-October window.
  •  In a Special General Meeting chaired by BCCI president Sourav Ganguly, the Board of Control for Cricket in India (BCCI) confirmed to the State units that the tournament will have to be shifted out of India on account of ‘monsoon.’

Important takeaways for all competitive exams:

  • Secretary of BCCI: Jay Shah;
  • President of BCCI: Sourav Ganguly;
  • Headquarters of BCCI: Mumbai, Maharashtra; Founded: December 1928.

Books and Authors News

12. A book title “Languages of Truth: Essays 2003-2020” by Salman Rushdie

  • A book titled “Languages of Truth: Essays 2003-2020” authored by Salman Rushdie. In his new book, Rushdie attempts to perform a defensive castling move.
  • He suggests his work has been misunderstood and mistreated because the literary culture has turned from brio-filled imaginative writing toward the humbler delights of “autofiction,” as exemplified by the work of Elena Ferrante and Karl Ove Knausgaard.

Important News

13. World No-Tobacco Day: 31 May

  • Every year, on 31st May, the World Health Organization (WHO) and global partners celebrate World No Tobacco Day (WNTD).
  • The annual campaign is an opportunity to raise awareness on the harmful and deadly effects of tobacco use and second-hand smoke exposure, and to discourage the use of tobacco in any form.

Miscellaneous News

14. Mount Nyiragongo erupts in the Republic of Congo

  • Mount Nyiragongo erupted in the Democratic Republic of Congo. Mount Nyiragongo is one of several volcanoes near the DRC’s border with Rwanda and Uganda. Its last major eruption, in 2002, killed 250 people and displaced thousands.
  • Nyiragongo and nearby Nyamuragira are together responsible for 40 per cent of Africa’s historical volcanic eruptions. Mount Nyiragongo is located inside Virunga National Park. 

Important takeaways for all competitive exams:

  • President of the Republic of Congo: Denis Sassou Nguesso;
  • Prime Minister of Republic of Congo: Anatole Collinet Makosso;
  • Congo Capital: Brazzaville;
  • Congo Currency: Congolese franc.

15. Bollywood actor Sanjay Dutt receives UAE’s Golden Visa

  • The UAE government awarded Bollywood actor Sanjay Dutt with its Golden Visa. The Golden Visa system essentially offers long-term residency to people with outstanding talents.
  • In 2019, UAE implemented a new system for long-term residence visas enabling foreigners to live, work & study there without the need of a national sponsor & with 100% ownership of their business.
  • As per reports, Sanjay Dutt is the first mainstream to receive the Golden Visa. The visas have a validity of either 5 or 10 years and are renewed automatically.

Important takeaways for all competitive exams:

  • UAE Capital: Abu Dhabi;
  • UAE Currency: United Arab Emirates dirham;
  • UAE President: Khalifa bin Zayed Al Nahyan.

Check More GK Updates Here

30th and 31st May Current Affairs 2021 | Current Affairs Today | Daily Current Affairs 2021

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