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Daily Current Affairs 16th May, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 16th May, 2024. It includes all Major National, International, Business and Sports related current affairs of 16th 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 16th May, 2024 Current affairs test.

National News

77th Cannes Film Festival Showcases Bharat Pavilion

  • The Bharat Pavilion, previously known as the India Pavilion, was introduced at the 77th Cannes Film Festival.
  • This name change reflects a dedication to traditional storytelling and an interest in international partnerships.

Mazagon Dock Limited Commemorates 250 Years with Special Coin

  • A special Rs 250 coin was revealed by Defence Secretary Giridhar Aramane at the 250th anniversary celebration of Mazagon Dock Limited (MDL) in New Delhi on May 14, 2024.
  • The event highlighted MDL’s journey from its origins as a dry dock in 1774 to its status as a leading naval shipyard.

Launch of IndiaSkills 2024 in New Delhi

  • IndiaSkills 2024 was inaugurated at Yashobhoomi, Dwarka, New Delhi on May 15, 2024.
  • The event, spanning four days, features competitions across 61 different skill areas, aiming to elevate local talents to national and international stages.

Defence News

Indian Air Force Conducts Airdrop Test for BHISHM Portable Hospital

  • The Indian Air Force successfully tested the airdrop capability of the BHISHM portable hospital in Agra.
  • This initiative is part of Project BHISHM, which aims to deliver prompt and comprehensive emergency medical care and can support up to 200 casualties.

Economy News

Drop in Urban Unemployment Rate in India

  • The latest Periodic Labour Force Survey (PLFS) by the National Sample Survey Office (NSSO) shows a decrease in the urban unemployment rate to 6.7% for the quarter of January to March 2024.
  • This survey provides detailed employment statistics such as the unemployment rate, the worker population ratio, and labor force participation rate.

LIC Gets Extension from Sebi to Meet Public Shareholding Norms

  • The Securities and Exchange Board of India (Sebi) has extended the deadline for the Life Insurance Corporation (LIC) of India to increase its public shareholding to 10%.
  • LIC now has until May 16, 2027, to comply with this regulatory requirement.

Agreements News

PhonePe and LankaPay Partner to Introduce UPI in Sri Lanka

  • PhonePe has partnered with LankaPay to launch UPI payment services in Sri Lanka.
  • This partnership aims to provide Indian tourists and business travelers with an easy and secure payment method across LankaPay QR merchants in Sri Lanka.

Awards News

Ruskin Bond Receives Sahitya Akademi Fellowship

  • Ruskin Bond, an acclaimed author, has been awarded the prestigious Sahitya Akademi Fellowship.
  • Due to his ill health, the fellowship was presented at his residence in Mussoorie by officials from the Sahitya Akademi.

Science and Technology News

NASA Appoints David Salvagnini as Chief AI Officer

  • NASA has promoted David Salvagnini to the role of Chief Artificial Intelligence Officer, in addition to his ongoing duties as Chief Data Officer, emphasizing the agency’s focus on responsibly utilizing AI technologies.

Sports News

Sunil Chhetri to Retire from International Football

  • Sunil Chhetri, celebrated as India’s top football player, has declared his retirement from international football.
  • His final game will be against Kuwait in Kolkata on June 6, during the FIFA World Cup Qualifier.

Important Days

International Day of Living Together in Peace and International Day of Light Observed

  • The International Day of Living Together in Peace and the International Day of Light were observed on May 16, highlighting global initiatives for peace and the significance of light technologies in societal advancements.

Obituaries News

Passing of Veteran Leader Kamla Beniwal and Former Indian Army Officer

  • Kamla Beniwal, a veteran Congress leader and former governor, passed away at 97.
  • She is remembered for her significant contributions to Indian politics.
  • Additionally, Colonel (Retd.) Waibhav Anil Kale, a former Indian Army officer working with the UN, was killed in an attack in Gaza, marking a sad moment amid ongoing hostilities in the region.
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