Weekly BeePedia 1st May-8th May 2021

(General Awareness Digest for Regulatory Body Exams)


  • RBI to strengthen risk-based supervision of banks, NBFCs
    • The Reserve Bank of India has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges.
  • RBI joins network for ‘greening the financial system’
    • The Reserve Bank of India (RBI) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member.
  • RBI sets up advisory group to assist regulatory review authority
    • RBI has constituted an advisory group to assist the second Regulatory Review Authority (RRA 2.0).
    • Headed by SBI Managing Director S Janakiraman, the advisory group will assist the RRA by identifying regulations, guidelines, and returns that can be rationalised.


  • Goldman Sachs lowers GDP growth forecast for India in FY22 to 11.1%
    • Goldman Sachs has lowered its estimate for India's economic growth to 11.1 per cent in fiscal year to March 31, 2022, as a number of cities and states announced lockdowns of varying intensities to check spread of coronavirus infections.
  • IHS Markit sees India's FY22 GDP growth at 9.6% amid rising Covid cases
    • On-going lockdown and mobility curbs coupled with fears of an extension – time wise and across more Indian cities – have led to economists tweak their gross domestic growth (GDP) projections for fiscal 2021-22 (FY22).
  • Government slashes IGST on oxygen concentrators for personal use to 12%
    • The government has slashed Integrated GST rate on oxygen concentrators for personal use to 12 per cent, from 28 per cent earlier, for two months till June 30.


  • India and Russia to Establish "2+2" Dialogue to Boost Partnership
    • With a focus on increasing engagement, India and Russia announced the establishment of a "2+2 Ministerial Dialogue" between Foreign and Defence Ministers level between the two countries.
  • Indian Navy launches ‘Operation Samudra Setu-II’
    • The Indian Navy has launched ‘Operation Samudra Setu-II’ to meet the country’s oxygen requirement amid the surge in COVID-19 cases and the acute shortage of liquid medical oxygen (LMO).
  • Indian Army inaugurates first solar energy harnessing plant of 56 KVA in North Sikkim
    • The Indian Army established its first green solar energy plant, which has a capacity of 56 KVA (kilowatt-ampere), at an altitude of 16,000 feet in northern Sikkim.


  • UK government approves self-driving cars on motorways
    • The UK government became the first country to announce that it will regulate the use of self-driving vehicles at slow speeds on motorways, with the first such cars possibly appearing on public roads as soon as this year.
  • World’s longest pedestrian suspension bridge opens in Portugal
    • The world’s longest pedestrian suspension bridge named “516 Arouca bridge” has been completed near Arouca in northern Portugal. The UNESCO-recognised bridge is 516 meters (1,700 feet) and hangs 175 meters above the River Paiva.


  • Mamata Banerjee took oath as West Bengal Chief Minister
    • Trinamool Congress (TMC) chief Mamata Banerjee took oath as the chief minister of West Bengal.
    • She became the CM of the state for her third consecutive term.
  • MK Stalin took oath as Tamil Nadu Chief Minister
    • Dravida Munnetra Kazhagam chief MK Stalin took oath as Chief Minister of Tamil Nadu for the first time.
    • Stalin, a former deputy chief minister of Tamil Nadu, will become its eighth chief minister of the state. He is the son of former five-term chief minister, the late M Karunanidhi.
  • Odisha Declares Journalists as Frontline COVID Warriors
    • Odisha Chief Minister Naveen Patnaik declared working journalists of the state as frontline COVID warriors.


  • Global Methane Assessment 2021
    • Climate and Clean Air Coalition (CCAC) & United Nations Environment Programme (UNEP) have jointly published the '2021 Global Methane Assessment: Benefits and Costs of Mitigating Methane Emissions' report.
  • UNDESA releases Global Forests Goals Report
    • United Nations Department of Economic and Social Affairs (UN DESA) has released the Global Forests Goals Report 2021.
  • Global EV Outlook 2021: IEA Report
    • The International Energy Agency (IEA) has published 'Global EV Outlook 2021' report.
    • The report stated that the sale of Electric Vehicles (EVs) will be more than 30% in new vehicle sales in India by 2030.


  • Stratolaunch, the World's Largest Airplane, Successfully Completes Second Test Flight
    • The world’s biggest airplane completed its second test flight from Mojave Air and Space Port in California.
    • Built by Stratolaunch, the plane named Roc – with a wingspan of 117 meters and powered by 6 Boeing 747 engines – is being groomed to carry and launch supersonic vehicles high up in the sky.


  • TRIFED signs MoU with The LINK Fund for Empowerment of Tribals
    • TRIFED (Tribal Cooperative Marketing Development Federation of India), the commercial wing of the Ministry of Tribal Affairs has signed a Memorandum of Understanding (MoU) with The Link Fund, a Philanthropic operational foundation for empowerment of tribals.
  • Scientists Develop New High-yielding, Pest-resistant Soybean Variety ‘MACS 1407’ for Farmers
    • Scientists in India have developed a high-yielding & pest-resistant variety of soybean ‘MACS 1407’. This new variety is suitable for cultivation in Jharkhand, Chhattisgarh, West Bengal Assam and North-eastern states.
  • NDDB and EESL Sign MoU to Create Energy-Efficient Solutions for Dairy Sector
    • National Dairy Development Board (NDDB) signed an agreement with Energy Efficiency Services Ltd (EESL).
    • The objective is to promote efficient renewable technologies in the dairy sector.


  • Patel Virtually Participates In G20 Tourism Ministers' Meeting
    • Union Minister of State for Tourism & Culture (I/c) Prahlad Singh Patel participated in G20 Tourism Ministers' Meeting held in Italy.
    • The Tourism Ministers' Meeting is one of the ministerial meetings organized as part of the G20 Leaders' Summit 2021, which will be hosted by Italy in October 2021.


  • Order of the Rising Sun, Gold and Silver Rays
    • Bengaluru teacher Shyamala Ganesh, the former director of the Japanese Language School, will be conferred the Order of the Rising Sun, Gold and Silver Rays.
    • She is being awarded for her contribution to the spread of the Japanese language and culture in Karnataka.
  • Billboard Music Awards Icon Award 2021
    • Singer Pink will be honoured with the Icon Award at the 2021 Billboard Music Awards (BBMAs).
    • The award aims to recognise artistes who have achieved success on the Billboard charts and left an indelible impact on music.
  • UNESCO/Guillermo Cano World Press Freedom Prize 2021
    • The UNESCO has awarded its annual UNESCO/Guillermo Cano World Press Freedom Prize to the Filipino journalist Maria Ressa whose reporting has made her a target of her country’s judiciary and online hate campaigns.


  • Hamilton won Portuguese Grand Prix
    • Seven-time world champion Lewis Hamilton won the Portuguese Grand Prix for Mercedes.
    • The victory was a record-extending 97th of Hamilton's career and second of the year.
  • Sri Lanka all-rounder Thisara Perera announces retirement from international cricket
    • Sri Lanka all-rounder Thisara Perera announced his retirement from international cricket.
  • Sindhu, Michelle Li appointed ambassadors for IOC's 'Believe in Sport' campaign
    • The Badminton World Federation announced that India shuttler PV Sindhu and Canada's Michelle Li have been nominated as athlete ambassadors for the International Olympic Committee's (IOC) 'Believe in Sport' campaign’.

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