Daily Current Affairs- 5th May 2024

Daily Current Affairs- 5th May 2024

INTERNATIONAL

India Nigeria to soon finalise Local Currency Settlement System Agreement

• India and Nigeria have agreed to an early conclusion of the Local Currency Settlement System Agreement to boost bilateral trade between the two countries. Under the local currency settlement system, the trade will be settled in India's local currency and Nigerian local currency, Nigerian naira. This was decided at the 2nd session of the India-Nigeria Joint Trade Committee held in Abuja, Nigeria.
• India and Nigeria enjoy close political and economic ties. India established a Diplomatic House in Lagos, Nigeria, in November 1958; even before Nigeria gained independence, Nigeria gained independence from Britain in 1960. 

NATIONAL

Uttarakhand Tourism Announced India’s First Astro Tourism Campaign Named ‘Nakshatra Sabha’          

• The Uttarakhand Tourism Development Board has joined hands with Starscapes, a leading astro-tourism company, to introduce Nakshatra Sabha, a new initiative to provide a comprehensive Astro Tourism experience to people.
• The campaign will offer a range of activities, including stargazing, special solar observations, astrophotography contests, camping under the stars, and more. The initiative aims to bring together astronomy enthusiasts, adventurers, and travellers to marvel at the wonders of the cosmos, as reported by ET Travel. 

GSL lays keel of 1st Next Generation Offshore Patrol Vessel

• The keel laying ceremony of the first Next Generation Offshore Patrol Vessel (NGOPV) (ex-GSL) was held at Goa Shipyard Limited (GSL), Goa. The ceremony was presided by VAdm B Siva Kumar, Controller Warship Production & Acquisition in presence of BK Upadhyay, Chairman & Managing Director (CMD) of GSL and other senior officials from Indian Navy and GSL.
• The contracts for indigenous design and construction of 11 NGOPV were concluded on March 30, 2023, between Ministry of Defence and GSL and Garden Reach Shipbuilders and Engineers (GRSE), Kolkata, with seven ships to be constructed by Lead Shipyard GSL and four ships by Follow Shipyard GRSE. 

SPORTS

Lionel Messi sets multiple MLS records for Inter Miami

• Lionel Messi set new records in Major League Soccer (MLS) during a match on May 5. Playing for Inter Miami CF against the New York Red Bulls, Messi was involved in all six goals of a 6-2 win. He scored one goal and made five assists.
• At Chase Stadium, Messi set two MLS records: the most assists in one game and the most goal contributions in one game. 

Japan win 2024 Men’s AFC U-23 Title by beating Uzbekistan in final

• Japan defeated Uzbekistan in the final to win the Men’s AFC U-23 Asian Cup for the second time. Japan had earlier won the tournament title in 2016.
• In the final match played at the Jassim bin Hamad Stadium in Doha, Qatar, Japan won by a solitary goal and also qualified for the 2024 Paris Olympics. 

APPOINTMENS & RESIGNATIONS

Bhavesh Gupta, Paytm COO and President, resigns; cites personal reasons

• Paytm, the digital payments and financial services firm, announced the resignation of its COO and president, Bhavesh Gupta, via a regulatory filing on 4 May, 2024.
• He, however, expressed his intention to continue supporting the company in an advisory capacity within the chief executive's office. 

IMPORTANT DAYS

World Laughter Day (first Sunday of May)

• World Laughter Day is celebrated annually on the first Sunday of May to promote the joy of laughter and its many health benefits. This day holds a special place in the hearts of people worldwide, as it brings attention to the healing power of laughter and its ability to uplift spirits. 

SUMMIT'S & MOU's

Mines Ministry Inks MoU with Shakti for Providing Knowledge Support in Critical Minerals

• A Memorandum of Understanding (MoU) was signed between the Ministry of Mines and Shakti Sustainable Energy Foundation, aimed at providing knowledge support in the field of critical minerals.
• Critical minerals are crucial for India's economic development, national security, and low-carbon energy transition. 

2nd Session of India-Nigeria Joint Trade Committee held in Abuja

• A seven-member delegation from India led by Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Shri AmardeepSingh Bhatia, accompanied by High Commissioner of India to Federal Republic of Nigeria, Shri G Balasubramanian and Economic Adviser, Department of Commerce, Ms. Priya P. Nair held a Joint Trade Committee (JTC) meeting with their Nigerian counterparts in Abuja from 29.04.2024 to 30.04.2024.
• The JTC was co-chaired by Permanent Secretary, Federal Ministry of Industry Trade and Investment, Nigeria, Ambassador Nura Abba Rimi; and Additional Secretary, Department of Commerce. 

BANKING AND ECONOMY

Sebi makes mandatory registration of PMS distributor with APMI

• In a significant move aimed at enhancing oversight and streamlining operations in the financial sector, the Securities and Exchange Board of India (Sebi) has made it compulsory for Portfolio Management Services (PMS) providers to register with the Association of Portfolio Managers in India (APMI).
• This decision, announced recently by Sebi, is part of a broader initiative to promote collective oversight of PMS distributors, ultimately fostering a more efficient and transparent business environment for portfolio managers.