Daily Current Affairs  – 7 May 2022

In News  Recently, Axis Asset Management Company suspended two fund managers for various irregularities, including front-running the AMC’s transactions on their personal accounts. What is Frontrunning? It is a practice of dealing in securities on advance information of an upcoming transaction that could affect its price movement. It is illegal in India Sebi has categorised […]

In News The Government has prepared a new draft National Youth Policy (NYP) after reviewing the existing draft of National Youth Policy, 2014. About the Policy Ministry: Ministry of Youth Affairs and Sports. Aim: The new draft NYP envisages a ten-year vision for youth development that India seeks to achieve by 2030. The new draft […]

In News  The Supreme Court said it will look into the issue of “sealed cover jurisprudence” which is adopted by government and prosecuting agencies by handing over “confidential” documents to the court in a sealed cover. What is Sealed Cover Jurisprudence? It is a practice used by the Supreme Court and sometimes lower courts, of […]

In News  Birth anniversary of India’s first Nobel Award winner Rabindranath Tagore was observed recently (May 7th). About Rabindranath Tagore He was born on 7 May 1861 to Debendranath Tagore and Sarada Devi in Kolkata (Calcutta). He is popularly known as ‘Gurudev’. He was primarily known as a writer, poet, playwright, philosopher and aesthetician, music […]

In News Recently, the new Chairman of Indian Space Research Organization (ISRO) has announced plans to launch the Venus mission by December 2024. About Aim: To study what lies below the surface of the solar system’s hottest planet, and also unravel the mysteries under the Sulfuric Acid clouds enveloping it. Objective of the Mission Possibility […]

In News  External Affairs Minister Dr S Jaishankar held bilateral talks with visiting Italian Foreign Minister Luigi Di Maio in New Delhi.  Major Highlights of the talks  They reviewed the full spectrum of bilateral relations including the progress in the implementation of the 2020-2024 Action Plan adopted at the Virtual Summit in November 2020. They […]

In News Besides France, five Nordic countries comprising Norway, Finland, Denmark, Iceland and Sweden have affirmed their support for India’s permanent seat at the United Nations Security Council (UNSC).  About UNSC Members: Apart from the five permanent members, the UNSC also includes 10 non-permanent members who are each chosen for a two-year term. India as […]

In News Ministry of Health and Family Welfare has recently released the fifth round of the National Family Health Survey (NFHS) Report. Key Finding of the Report Under Age marriage: According to the fifth round of National Family Health Survey (NFHS) the national average of underage marriages has come down. 23.3% women got married before […]

In News The India Meteorological Department (IMD) has predicted the formation of Cyclone Asani in the Bay of Bengal. About Cyclone Asani is brewing in the southern Andaman Sea. It is on course to become a short-lived cyclone and will make landfall between Visakhapatnam in Andhra Pradesh and Bhubaneswar in Odisha. What is Cyclone? A […]