13th May Daily Current Affairs 2023 refer to the latest news and events happening around the world and are relevant to our daily lives. Staying updated with the 13th May Daily Current Affairs 2023 is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 13th May Daily Current Affairs 2023 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities. 13th May Daily Current Affairs 2023 also provides students with insights into various issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing 13th May Daily Current Affairs 2023 not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.
Puma Appoints Karthik Balagopalan as New MD for India
Karthik Balagopalan has been appointed as the new Managing Director of PUMA India, taking over from Abhishek Ganguly who has worked for the company for 17 years and served as Managing Director of PUMA India since 2014. Balagopalan has been with PUMA since 2006 and previously held the position of Global Director of Retail and E-commerce.
He will be based in Bengaluru and will report to PUMA CEO Arne Freundt. PUMA India is one of the brand’s fastest-growing markets, and India has experienced remarkable expansion. Puma is a German sportswear retailer that began with two brothers, Rudolf and Adolf Dassler, who established Dassler Brothers Shoe Factory in 1924. Read the complete article here
YUVA PRATIBHA – Culinary Talent Hunt to promote Millets
On May 12, 2023, MyGov and the Institute of Hotel Management (IHM), Pusa launched ‘YUVA PRATIBHA – Culinary Talent Hunt’. The competition seeks to promote India’s diverse culinary heritage and its importance to the world. The competition will help rediscover lost recipes and encourage young chefs and home cooks to showcase their culinary talents.
It will also raise awareness about the nutritional value and importance of millet in ensuring food security and improving nutrition. The United Nations General Assembly declared the year 2023 as the International Year of Millets. This initiative was first proposed by India and approved by the Food and Agriculture Organization (FAO) in 2018. Read the complete article here
Google’s Historical Satellite images for India disappeared
Many scholars and researchers have noticed that historical satellite imagery of India from the last two decades has disappeared from Google Earth. The reason for this disappearance is unclear, and it is unknown whether it is due to a technical problem, a policy change, or a government directive.
The loss of this data could have serious consequences for decision-making on land use, environmental protection, and urban development. The Union Cabinet has approved a new policy that aims to make India self-sufficient in producing and exploiting geospatial data/information, but it remains to be seen whether this strategy will address the issue of old satellite imagery disappearing from Google Earth. Read the complete article here
RBI Launches 100 Days Campaign to Settle Unclaimed Deposits
The Reserve Bank of India (RBI) has launched a 100-day campaign to settle unclaimed deposits in every district of the country beginning on June 1, 2023. Banks will be responsible for tracking down and settling their top 100 unclaimed deposits in each region. Unclaimed deposits are deposits in savings or current accounts that have been inactive for ten years or term deposits that have not been claimed within ten years of their maturity date.
The RBI has also established a centralized web portal for the public to search for unclaimed deposits across multiple banks. The objective of these initiatives is to reduce the number of unclaimed deposits in the banking system and return them to their rightful owners. The RBI has been maintaining the Depositor Education and Awareness (DEA) Fund to promote depositors’ awareness and educate them about the banking system.
The FSDC recently discussed ways to reduce the quantum of unclaimed deposits in the banking system and ensure their rightful return to depositors. The public awareness initiatives and the discussion on unclaimed deposits in the FSDC meeting are expected to complement these initiatives and create awareness among depositors about the importance of maintaining their bank accounts and claiming their unclaimed deposits. Read the complete article here
National Pension System (NPS): Encouraging Long-Term Planning
The Pension Fund Regulatory Development Authority (PFRDA) has recently announced that subscribers of the National Pension System (NPS) can now buy several annuity schemes from the same provider if they allocate over Rs 10 lakh towards annuity corpus. This means that they can invest Rs 5 lakh in each annuity scheme, offering them a wider range of choices.
The NPS is a pension cum investment scheme introduced by the Government of India. It aims to provide old age security to Indian citizens by offering a safe and regulated market-based return for long-term savings. Read the complete article here
Rajasthan Royals’ Yashasvi Jaiswal scores fastest IPL 50 in 13 balls
Yashasvi Jaiswal, a player for Rajasthan Royals, has set a new record in the IPL 2023 by scoring the fastest 50 in IPL history, achieving this feat in just 13 balls during a match against Kolkata Knight Riders. The previous record for the fastest 50 was held by KL Rahul and Pat Cummins, who both reached 50 in 14 balls while playing for Kings XI Punjab and Kolkata Knight Riders. Although Jaiswal’s 13-ball 50 is the quickest in IPL history, it ranks as the second-fastest 50 in the T20 format. The record for the fastest 50 in T20s is held by former Indian batsman Yuvraj Singh, who achieved it in 12 balls against England in 2007. Read the complete article here
Retail Inflation Sees Significant Drop in April, Hits 4.7%
The latest data from the government shows that India’s retail inflation, which is measured by the consumer price index, dropped to 4.7% in April from 5.66% in the previous month. This was due to a decrease in food and fuel prices. It’s the lowest inflation rate seen in the last 18 months and falls within the acceptable range of 2-6% set by the Reserve Bank of India (RBI) for the second consecutive month.
Retail inflation, also known as consumer price index (CPI) inflation, is measured by tracking changes in the prices of a basket of goods and services that consumers typically purchase, such as food, clothing, transportation, and housing. Read the complete article here
Deadline for Linking PAN with Aadhaar Extended to 30 June: PFRDA
The Pension Fund Regulatory and Development Authority (PFRDA) has announced an extension of the deadline for linking Aadhaar with Permanent Account Number (PAN) to 30 June 2023.
If an individual fails to link their PAN with Aadhaar before the deadline, his/her PAN will become inoperative or invalid and he/she will not be able to carry out certain financial transactions that require PAN. Therefore, it is important to link PAN with Aadhaar before the deadline to avoid any inconvenience or penalty. Read the complete article here
World Migratory Bird Day 2023 – Its Significance & History
World Migratory Bird Day is a global event that takes place twice a year on the second Saturday of May and October. It aims to raise awareness about the ecological, cultural, and economic significance of migratory birds and promote their conservation. This year’s theme focuses on water and its importance for migratory birds.
WMBD provides an opportunity for individuals, organizations, and governments to come together and take action to protect migratory birds and their habitats. The initiative was launched in 2006 and has gained increasing popularity since then. By raising awareness and taking action to protect migratory birds, we can help ensure their survival for generations to come. Read the complete article here