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Daily Current Affairs 13th May, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 13th May, 2024. It includes all Major National, International, Business and Sports related current affairs of 13th May, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 13th May, 2024 Current affairs test.

Banking and Finance News

Reserve Bank of India Expected to Transfer Rs 1 Trillion as Dividend to the Centre in FY25                                   

  • The Reserve Bank of India (RBI) is anticipated to transfer approximately Rs 1,00,000 crore to the government in the fiscal year 2024-25, as per a report by the Union Bank of India.
  • This projection suggests a slight increase from the Rs 87,400 crore transferred in the previous fiscal year.
  • The government has budgeted the dividend from RBI and PSU banks and financial institutions at Rs 1,02,000 crore for FY25, compared to Rs 1,04,400 crore in FY24.
  • In 2023, there was a positive surprise as the actual dividend exceeded the Budget Estimate, which was only Rs 48,000 crore.

National News

India contributes $5,00,000 to U.N. Counter-Terrorism Trust Fund

  • India has contributed $500,000 to the U.N. Counter-Terrorism Trust Fund, underscoring its unwavering commitment to support multilateral efforts in the global fight against the scourge of terrorism.
  • India’s Permanent Representative to the United Nations Ambassador Ruchira Kamboj on May 7 handed over to Under Secretary General, United Nations Office of Counter-Terrorism (UNOCT) Vladimir Voronkov the country’s voluntary financial contribution of half a million dollars towards the U.N. Counter-Terrorism Trust Fund (CTTF).
  • Since 2018, India has also been actively supporting programmes combating this threat.
  • With its current contribution, India’s cumulative financial support to the trust fund now stands at $2.55 million.

Global biofuel alliance sets up the three-pronged work plan

  • Global Biofuel Alliance (GBA) has adopted a work plan focused on assessing country landscapes, drafting policy frameworks, and conducting biofuel workshops.
  • These were adopted as immediate goals at a key meeting of the body held on the sidelines of the G20 deliberations in Brazil last month.
  • GBA has decided to take stock of them in July.
  • According to the International Energy Agency (IEA), biofuels have a potential to grow by 3.5-5-times by 2050 due to Net-Zero targets, creating a huge opportunity for India.

Awards And Honours News

India to host ‘Bharat Parv’ at 77th Cannes Film Festival

  • India is set to host a ‘Bharat Parv’ at the 77th Cannes Film Festival for eminent dignitaries and delegates from around the world to showcase the myriad creative opportunities in the country.
  • It will be for the first time that the country will host a “Bharat Parv” at the Cannes Film Festival to engage with film celebrities, filmmakers, directors, producers, buyers and sales agents from across the world.
  • The official poster and trailer of the 55th India International Film Festival , to be held in Goa on November 20 to 28, will also be unveiled at the Bharat Parv.
  • The Bharat Pavilion, which serves as a platform for the Indian film community to engage in various activities, at the 77th Cannes Film Festival at 108 village International Riviera will be inaugurated on May 15 in the presence of eminent celebrities.
  • The Pavilion will be organized by the National Film Development Corporation in collaboration with the Federation of Indian Chambers of Commerce & Industry as industry partner.

Defence News

India and France Set to Conduct 7th Edition of Exercise ‘Shakti’ from May 13-26, 2024

  • The 7th edition of the India-France Joint Military Exercise “Shakti” is scheduled to commence from May 13, to 26, 2024 at the Joint Training Node, Umroi in Meghalaya.

Acquisitions & Mergers

TVS Holdings to Purchase 80.74% Stake in Home Credit India for ₹554 Crore

  • TVS Holdings Limited (TVSH), Premji Invest, and other associates will collectively acquire a 100% equity stake in Home Credit India Finance Private Limited for a total consideration of ₹680 crore.
  • TVSH will purchase 74% stake from Netherlands-based Home Credit India B.V. and Czech Republic-based Home Credit International A.S. for ₹554 crore, while the remaining 19.26% stake will be acquired by Premji Invest and other associates.

Vedanta to Complete Full Acquisition of Japanese Display Glass Major AvanStrate

  • Billionaire Anil Agarwal-led Vedanta Limited has acquired an additional 57% stake in Japanese display major AvanStrate Inc for $78.3 million through its wholly owned subsidiary, Cairn India Holdings Ltd.
  • With this acquisition, Vedanta’s total holding in AvanStrate has risen to 2%.
  • The transaction is expected to be completed by June 2024.

Science & Technology News

Japan Reveals World’s Inaugural 6G Device, Boasting 20 Times the Speed of 5G

  • A Japanese consortium unveiled the world’s first high-speed 6G prototype device.
  • The prototype device can transmit data at a remarkable speed of 100 gigabits per second (Gbps), covering a distance of more than 300 feet.

Mous And Agreement News

Government Inks MoU With Mahindra Group To Skill 500 Women In Drone Operation

  • The Ministry of Skill Development and Entrepreneurship (MSDE) signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra Ltd to conduct two Pilot Projects under the Drone Didi Yojana.
  • Launched earlier this year, the scheme aims to train 15,000 women to operate drones for agricultural purposes.
  • Under this partnership, MSDE and M&M will conduct two Pilot Projects at the National Skill Training Institute (NSTI), situated in Hyderabad and Noida, to skill 500 women in exclusive batches of 20 women each.

ICG signs MoU with private sector for manufacturing & supply of indigenous marine-grade aluminium for construction of ships

  • Indian Coast Guard (ICG) and Hindalco Industries inked a Memorandum of Understanding (MoU) in New Delhi for the manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for the construction of ships.

Krishikalpa in partnership with NABARD launches programme for farmers

  • Krishikalpa, a not-for-profit organisation for farmer producer organisations (FPOs) has launched an accelerator program in collaboration with the National Bank for Agriculture and Rural Development (Nabarad) with an aim to support 30 FPOs distributed across Karnataka.
  • The initiative aims to facilitate the transformation of FPOs into sustainable rural enterprises.

Kochi Metro Rail Ltd partners with Google Wallet for ticketing ease

  • Google and Kochi Metro Rail Limited have announced their partnership between Google Wallet and KMRL in enhancing the digital ticketing options for metro users.
  • The integration of services between Google Wallet and KMRL is powered by Prudent Technologies.


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