Daily Current Affairs- 7th May 2024

Daily Current Affairs- 7th May 2024

INTERNATIONAL

Jose Raul Mulino wins Panama’s Presidential election

• José Raúl Mulino has won Panama’s presidential election after three of his nearest rivals conceded defeat. The 64-year-old former security minister has secured nearly 35% of the counted votes, with more than 92% of the votes counted. He has an unassailable 9 per cent lead over his nearest rival.
• Jose Raul Mulino was initially chosen as a Vice-Presidential candidate by former president Ricardo Martinelli, who was himself the Presidential candidate. 

Nepal introduce new Rs 100 currency note featuring Indian territories

• Nepal recently announced the printing of a new Rs 100 currency note featuring a map that includes the Indian territories of Lipulekh, Limpiyadhura, and Kalapani, a move that has been contested by India.
• In a meeting chaired by Nepali Prime Minister Pushpakamal Dahal Prachanda, the council of ministers decided to incorporate the controversial territories into the new map of Nepal, government spokesperson Rekha Sharma informed the media during a briefing.

 NATIONAL

The Centuries-Old Tradition Of Ajrakh From Kutch Gets GI Tag

• One of the most famous textile crafts from Gujarat Ajrakh, which has been practiced in the Sindh, Barmer, and Kutch regions for 2,500 to 5,000 years. Recently, the Office of the Controller General of Patents, Designs, and Trademarks (CGPDTM) has officially granted the Geographical Indication (GI) certificate to the traditional artisans of 'Kutch Ajrakh,' who are renowned for their exceptional artistry from Gujarat's Kutch region.
• The GI tag is a certification that helps identify the product, service, or art as originating from a specific geographical region. 

SPORTS

Lando Norris wins F1 Miami Grand Prix for historic maiden victory

• Lando Norris of McLaren won his first-ever Grand Prix victory in a pulsating showdown at the Miami Grand Prix.
• Lando Norris is a British and Belgian racing driver currently competing in Formula One with McLaren, racing under the British flag. 

36th La Liga Title for Real Madrid football club

• The Spanish football club Real Madrid has been crowned the La Liga 2023-24 season title after beating Cadiz 3-0. In the other match, which had a bearing on the title, the Girona football club defeated Barcelona 4-2 to ensure that Real Madrid won its 36th La Liga title.
• Real Madrid, also known as Los Blancos by its supporters, leads the 2023-24 La Liga season with 87 points, with four games still to play, Real Madrid has taken an unassailable lead of 13 points over its nearest rival, Girona. 

SCIENCE &TEHNOLOGY

Sunita Williams's third space flight aborted hours before liftoff

• The long-awaited first crewed test flight of Boeing's new Starliner space capsule was called off on Tuesday over a technical issue. The postponement, attributed to an issue with a valve in the rocket's second stage, was announced during a live NASA webcast.
• The Boeing Starliner was set to lift off from the Kennedy Space Center in Florida's Cape Canaveral at 8.04 am India time. 

OBITURY

Frank Shrontz, Former Boeing CEO, Passes Away at 92

• Frank Shrontz, who spent a decade leading US aviation giant Boeing Co. through upswings and downturns amid fierce competition, has died. He was 92.
• Shrontz, an attorney by training, was Boeing’s chief executive officer from 1986 to 1996. It was an era of innovation, from designing ground-breaking new jets such as the Boeing 777 to elevating quality standards after he studied processes pioneered by Japanese automakers such as Toyota Motor Corp. Boeing needed all that to compete against its European rival Airbus SE. 

APPOINTMENS & RESIGNATIONS

Paytm Money appoints Rakesh Singh as its CEO; Varun Sridhar moves to become Paytm Services' CEO

• Paytm Money, a subsidiary of One97 Communications, has appointed Rakesh Singh as the new CEO following Varun Sridhar's resignation, as per reports on Mint. Sridhar will now lead Paytm Services, which focuses on distributing mutual funds and wealth management products.
• Singh, with over 18 years of experience in the banking sector, has previously served as the head of Fisdom, a discount brokerage firm. Under Sridhar's leadership, Paytm Money became profitable in the fiscal year 2023, with a net profit of Rs. 42 crore and revenue nearly doubling to Rs. 131 crore. 

Gurugram Administration Appoints Yuzvendra Chahal as brand ambassador to Boost Voter Turnout

• Ahead of the Lok Sabha elections in Gurugram scheduled for May 25, the district administration has roped in India cricketer Yuzvendra Chahal as the brand ambassador to boost voter turnout, Popular singers MD Desi Rockstar and Naveen Punia, are also appointed brand ambassadors.
• Yuzvendra Chahal, the ace leg-spinner currently playing for the Rajasthan Royals in the Indian Premier League (IPL), will soon be making an appeal to the voters of Gurugram to actively participate in the polling process. 

IMPORTANT DAYS

World Athletics Day

• World Athletics Day is organized by the IAAF (International Amateur Athletic Federation) on May 7 every year. It was first celebrated in the year 1996. More than 100 sports federations of the world took part in the 2016 IAAF World Athletics Day to promote sports and exercise to lead to good health.
• About the IAAF - The International Amateur Athletic Federation (IAAF) was founded on 17 July 1912 in Stockholm (Sweden). The IAAF is the world governing body for the sport of field athletics and track. 

World Asthma Day

• Every year, World Asthma Day is observed on the first Tuesday of the month of May. This year, World Asthma Day will be observed on May 7.
• The first World Asthma Day was observed in the year 1998. Organised by Global Initiative for Asthma (GINA), World Asthma Day is observed with the intention of spreading awareness about the challenges faced by people suffering from Asthma. 

BANKING AND ECONOMY

GetVantage becomes first RBF start-up to get NBFC licence

• GetVantage, a start-up providing revenue-based finance (RBF) to emerging businesses, has secured a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI), becoming the first RBF and alternative funding platform in the country to do so.
• GetVantage, which is backed by investors including Chiratae Ventures, Varanium, InCred, DMI, and Japanese Investors like Sony and DI, will capitalise the NBFC with Rs 50 crore and aims to raise a cumulative amount of Rs 200 crore to scale its lending operations.