Dear Readers, Here we have given the list of Important Weekly Current Affairs of May 08th to 14th May 2023. Candidates those who are preparing for Upcoming SBI Clerk 2023 and other competitive exams can make use of it.

CURRENT AFFAIRS: IMPORTANT DAYS

• National Technology Day 2023 is celebrated every year on May 11
• International Nurses Day is celebrated every year on May 12

• International Day of Families is celebrated every year on May 15.

CURRENT AFFAIRS: NATIONAL NEWS

• Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) completed 8 years of providing social security cover

• A panel formed by the Ministry of Petroleum and Natural Gas suggested that India should ban the use of diesel-powered four-wheeler vehicles by 2027
• Coal India Limited has supported this project as part of the Corporate Social Responsibility initiative to celebrate World Thalassemia Day
• As India moves towards securing a Net Zero future, it needs to construct gas storage reserves and, for this, it may allow foreign companies to have stakes in these reserves, an energy transition panel has recommended
• Finance Minister recently chaired the 27th meeting of the Financial Stability and Development Council

• A learning management information system has been launched by Union Health Ministry
• PM Modi laid the foundation stone of Laser Interferometer Gravitational-Wave Observatory – India
• The Indian Council of Medical Research (ICMR) has successfully conducted a trial run of delivery of blood bags by drones under its iDrone initiative
• The Union Rural Development Ministry announced that a task force will be set up for land governance in the North-Eastern states
• India has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at all 12 major ports in the drive to cut its carbon footprint
• Union Culture Minister G Kishan Reddy said Santiniketan, the place where Nobel Laureate poet Rabindranath Tagore built Visva-Bharati over a century ago, has been recommended for inclusion in the UNESCO World Heritage List by an international advisory body
• Central government invoked Article 355 after the situation worsened in Manipur
• A month after the record handling performance in the last financial year, India's premier container port, Jawaharlal Nehru Port Authority (JNPA) has achieved yet another milestone
• Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal visited the construction site of India’s first International Multi Modal Logistics park in Jogighopa, Assam to review the progress
• The Ministry of Home Affairs has recently decided to introduce Millets, Shree Anna in the meals of personnel of Central Armed Police Forces (CAPFs) and National Disaster Response Force (NDRF
• The government has allocated Rs 611 crore to incubators and out of that, Rs 61 crore was released to startups under the seed fund scheme so far
• A decade after the National Food Security Act (NFSA) was enacted, the Central government has revised the nutritional standards of meals at schools and Anganwadi
• Indian Institute of Foreign Trade (IIFT), New Delhi celebrated its Diamond Jubilee on its 60th Foundation Day on 2nd May 2023
• Secretary of, the Ministry of Coal chaired a meeting on the integration of the Unified Logistics Interface Platform (ULIP) with the digital systems of the Ministry of Coal
• Union Ministry of Micro, Small and Medium Enterprises (MSME) has recently presided over BizAmp
• Buddham Saranam Gacchami exhibition was inaugurated in New Delhi
• 'Yuva Pratibha-Culinary Talent Hunt' launched by MyGov in association with IHM, Pusa.
• Finance Ministry has included directors of a company as reporting entity under the PMLA for certain activities carried out in the course of business
• Corporate Affairs Ministry (MCA) has centralised the striking off process of companies with the establishment of the Centre for Processing Accelerated Corporate Exit (C-PACE

CURRENT AFFAIRS: INTERNATIONAL NEWS

• According to a United Nations (UN) report some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate disasters, a sharp rise from 193 million the previous year.
• The World Health Organization (WHO) has ended the global emergency status of COVID-19.
• Germany and the United Arab Emirates (UAE) hosted the Petersberg Climate Dialogue in Berlin ahead of Conference of the Parties 28 (COP 28).

CURRENT AFFAIRS: STATE NEWS

• The Uttar Pradesh (UP) government is planning to develop a theme park ‘Ramaland’ modelled on Disneyland.
• Telangana Chief Minister Shri K. Chandrashekar Rao (KCR) inaugurated the newly built Dr. BR Ambedkar Telangana State Secretariat.
• The Haryana government will be introducing a new feature on the Haryana-eSamiksha portal to enable administrative secretaries and heads of departments to monitor the follow-up actions taken on decisions made during their meetings and presentations.
• The Central Government has promulgated Article 355 in Manipur to take charge of the security of the state.
• The Union Minister of State for Home Affairs Shri Nityanand Rai inaugurated the Dawki Land Port in Meghalaya’s West Jaintia Hills, to promote trade and commerce between India and Bangladesh.
• The government of Telangana, led by Chief Minister Shri K Chandrasekhar Rao has planned to introduce a new insurance scheme for toddy tappers, under the name ‘Geetha Karmikula Bhima’ (Insurance for toddy tappers).
• Archeologists have uncovered several archaeological treasures from the Bandhavgarh National Park in Madhya Pradesh (MP).
• Uttarakhand Police is running a special campaign "Operation Maryada."
• Months after India's first lithium reserves were discovered in Jammu and Kashmir (J&K), the Geological Survey of India (GSI) has found another reserve of the crucial mineral in Degana in Rajasthan's Nagaur district.
• In a first-of-its-kind policy in India, the Telangana Government has introduced Telangana State Robotics Framework, which provides a roadmap to promote a robotic ecosystem in Telangana.
• Uttarakhand Chief Minister (CM) Shri Pushkar Singh Dhami approved 'Chief Minister's Skill Upgradation and Global Employment Scheme' (Mukhya Mantri Kaushal Unnayan aur Vaishavik Rozgar Yojana).
• Uttar Pradesh (UP) has become the first state which will make digital health cards for children.
• Punjab became first state to implement the ‘right to walk’.
• Power trading solution provider PTC India has entered into a Memorandum of Understanding (MoU) with Brookfield Renewables to purchase 100 MW of solar power on a long-term basis.

• Higher Education Minister of Kerala Shri R. Bindu formally launched the Kerala Institutional Ranking Framework (KIRF), modelled on the lines of the National Institutional Ranking Framework (NIRF), to assess the quality of higher education institutions in
• The annual 5-day-long Great Prayer Festival, “Ladakh Monlam Chenmo,” a mass prayer camp by Buddhist monks and nuns for world peace and happiness is starting in Leh, Ladakh.
• The London Stock Exchange Group PLC (LSEG) will set up a technology centre of excellence (CoE) in Hyderabad, which will create about 1,000 jobs a year.

CURRENT AFFAIRS: BUSINESS NEWS

• Daikin India is now the second company operating in the cooling space to cross the USD 1 billion milestone after the Tata group firm Voltas, which had reported a total income of Rs 9,667 crore for FY23
• In FY23, India added 34.22 tonnes of gold to its official reserves, according to the latest World Gold Council data

• The Gem and Jewellery Export Promotion Council (GJEPC) has launched the first ever India Jewellery Exposition Centre in Dubai to commemorate the first year of India-UAE Comprehensive Economic Partnership Agreement

• Agritech firm Unnati said its subsidiary Ora Finance has been awarded a license to operate an NBFC
• Businesses with turnover of over Rs 5 crore will have to generate electronic or e-invoice for B2B transactions with effect from August 1
• Zoom Video Communications (ZVC) has secured a pan-India telecom licence that will enable it to offer telephone services to enterprise customers
• Billionaire Mukesh Ambani's Reliance re-launched the 50-year-old iconic beverage brand Campa Cola in a new contemporise avatar as it looks to ramp up its own consumer goods offering to take on competition from Adani, ITC and Unilever
• The price of domestic natural gas for May has been set at $8.27 per million British thermal units (mBtu), up from $7.92 for most of April 2023
• Automated Return Scrutiny Module has been launched by CBIC for GST Returns in ACES-GST Backend Application for Central Tax Authorities
• State-owned Oil and Natural Gas Corporation (ONGC) announced that it has found Crude oil and natural gas in two blocks of the Mumbai offshore region
• The number of retail merchants on board ONDC increases from 800 in January to 35,000 in May
• CCPA has issued orders against five e-commerce companies for selling car seat belt alarm stopper clips on their platforms

CURRENT AFFAIRS: BANKING AND ECONOMY

• AU Small Finance Bank has partnered with RuPay to introduce the Business Cashback RuPay credit card, an innovative solution tailored to satisfy self-employed customers' financial requirements.
• The Capital markets regulator Securities and Exchange Board of India (SEBI) has introduced the Legal Entity Identifier (LEI) system for issuers that have listed or are planning to list non-convertible securities, securitized debt instruments, and security receipts.
• Kotak Mahindra Bank has issued the first-ever foreign portfolio investor (FPI) licence to Alchemy’s Fund for relocation to Gujarat International Finance Tec-City (GIFT) City.
• Max Life Insurance Company (Max Life), a private life insurer, has entered into a strategic partnership with the Indian Industries Association (IIA) to provide life insurance plans to the Ministry of Micro, Small and Medium Enterprises (MSME) sector’s workforce in Uttar Pradesh (UP).
• Card payments company Visa launched cardholder verification value (CVV) free online transactions for domestic tokenized credentials in India.
• The Goods and Service Tax Network (GSTN), the company responsible for
• processing goods and services tax returns has deferred by 3 months the imposition of a 7-day time limit for reporting old e-invoices on the e-invoice portals for GST taxpayers with an aggregate turnover of Rs 100 crore & above.
• GetVantage, India’s premier alternative financing fintech platform, has secured a Non-Banking Financial Company (NBFC) licence from the Reserve Bank of India (RBI), becoming the first and only revenue-based financing and alternative funding platform in the country to do so.
• Indian private sector bank Federal Bank has partnered with National e-Governance Services Limited (NeSL) to launch an electronic bank guarantee (e-BG) facility.
• India’s third largest private sector bank, Axis Bank, has successfully enabled linkage of RuPay credit cards with Unified Payments Interface (UPI).
• YES Bank , has launched a lending proposition called “YES KIRAN” to provide financial assistance to Micro, Small and Medium Enterprises (MSME) manufacturers who want to install solar panels at their premises.
• Central bank of India has launched a unique Recurring Deposit scheme with life cover “ Cent SurakshitSamriddhi” exclusively for earning individual in the age group of 18 - 50 years with additional benefit of Life insurance coverage of 100 times of principal instalment amount till the maturity of Recurring Deposit.
• The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,73,75,000 (Rs 1.73 crore) on the Hongkong and Shanghai Banking Corporation Limited (HSBC Ltd) for the contravention of certain rules under Credit Information Companies Rules, 2006 (CIC Rules).
• In order to promote institutional participation in Exchange Traded Commodity Derivatives (ETCDs), capital market regulator Securities and Exchange Board of India (SEBI) allowed stock exchanges to extend direct market access (DMA) to registered Foreign Portfolio  Investors (FPIs) with immediate effect.
• India has extended a $1 billion credit line for Sri Lanka by one year until March 2024, giving the crisis-hit country a backup funds to pay for essential imports.
• The All India Bank Employees’ Association (AIBEA), is the oldest and largest national trade union of bank employees in India plans to set up an online ‘Bank Clinic’ to assist bank customers with grievance redress.
• RBL Bank formerly known as Ratnakar Bank has gone live with ‘Direct Tax Collections’ on behalf of the Government of India (GoI) through the new Tax Information Network (TIN2.0) portal.
• Agritech firm Rukart, which sells 'Subjee Cooler' to enhance shelf life of fruits and vegetables, has tied up with State Bank of India (SBI) to help potential customers in getting easy loan options to buy the product.

• Bank of Baroda (BoB), one of India’s leading public sector banks, has introduced Electronic Bank Guarantee (e-BG) on its BarodaINSTA platform, in partnership with National E-Governance Services Limited (NeSL), a platform that provides for the issuance of Inland BGs through electronic mode.
• The Asian Development Bank (ADB) announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program which could significantly ramp up support for the region in the battle against climate change.
• The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.92 crore on Canara Bank for violation of various norms, including linking interest rates to external benchmarks, and opening savings accounts of ineligible entities.
• The Reserve Bank of India (RBI) stated that certain fees/ charges levied by ‘Authorised Persons’ on International Debit Cards, Store Value Cards, among others, and payable in India have to be denominated and settled in Rupees only.
• Market regulator Securities and Exchange Board of India (SEBI) through its letter to HDFC Asset Management Company (HDFC AMC) Limited, a subsidiary of HDFC Ltd and the investment manager of HDFC AMC AIF II, has granted its final approval for the proposed change in control of HDFC AMC.
• The Reserve Bank of India (RBI) has stated that fees and charges payable in India on forex prepaid cards, store value cards, and travel cards must be denominated and settled in local currency Rupees only.
• HDFC Bank, India’s largest private sector bank, and Telangana Academy for Skill and Knowledge (TASK), a not- for-profit organisation under the Department of ITE&C, Government of Telangana have signed a Memorandum of Understanding (MoU) to promote employment of fresh graduates and
• RazorpayX, the business banking platform of Razorpay, launched an automated ESCROW+ solution, powered by Axis Trustee Services Ltd, RBL Bank &ICICI Bank.
• Union Bank of India (UBI) will start a wealth management vertical in the current financial year.

CURRENT AFFAIRS: AWARDS AND HONOURS

• The Associated Press won two Pulitzer Prizes, including the distinguished public service award, for its coverage of the war in Ukraine, while the New York Times earned the international reporting honor for its stories about the Russian invasion

• Lionel Messi won the World Sportsman of the Year award at Laureus World Sports Awards organized in Paris
• Jawahar Navodaya Vidyalaya, Nadia, West Bengal won the first prize in the 24th National Youth Parliament Competition, 2022-23

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

• The Appointments Committee of the Cabinet (ACC) appointed Vineet Joshi, Additional Secretary, Department of Higher Education, Ministry of Education as the new Chief Secretary in Manipur.
• The Public Enterprise Selection Board (PESB) has recommended Parminder Chopra for the post of Chairman and Managing Director (CMD) of India’s largest Nonbank financial company (NBFC) by net worth (all reserves), Power Finance Corporation (PFC).
• National Investment and Infrastructure Fund Ltd (NIIFL) has appointed Rajiv Dhar, as the Chief Executive Officer (CEO) & Managing Director (MD) of NIIFL on an interim basis, effective May 11, 2023.
• Gucci, Italian high-end luxury fashion house has appointed Alia Bhatt as its first Indian Global Ambassador for the House.

• Infrastructure major Larsen & Toubro (L&T) has appointed S N Subrahmanyan, as Chairman and Managing Director (CMD) of the company with effect from October 1, 2023.
• Former Speaker Wesley W. Simina was elected as the 10th president of the Federated States of Micronesia (FSM) during the first regular session of the 23rd FSM Congress in

CURRENT AFFAIRS: RANKING AND REPORTS

• According to a report by aviation analytical firm, CIrium, GMR Hyderabad International Airport is the most punctual airport in the world

CURRENT AFFAIRS: ACQUISITION AND MERGERS

• Fair-trade regulator Competition Commission of India (CCI) has cleared Edelweiss Alternative Asset Advisors (EAAA) and ESOF III Investment Fund's (Acquirers) subscription to certain compulsorily convertible debentures of Biocon Biologics Ltd (BBL) (Target).

CURRENT AFFAIRS: MOUS AND AGREEMENT

• MakeMyTrip has tied up with Microsoft to make travel planning more inclusive and accessible by introducing voice-assisted booking in Indian languages
• Max Life Insurance Company (Max Life), a private life insurer, has entered into a strategic partnership with the Indian Industries Association (IIA) to provide life insurance plans to the MSME sector’s workforce in Uttar Pradesh (UP)
• The Ministry of Housing & Urban Affairs (MoHUA) has signed a memorandum of understanding (MoU) with Japan International Cooperation Agency (JICA) and the Ministry of Railways for the “Station Area Development along Mumbai-Ahmedabad High Speed Rail" (Project-SMART).
• Tata Technologies announced a partnership with TiHAN IIT Hyderabad, to collaborate in the areas of Software Defined Vehicles (SDV) and Advanced Driver Assistance Systems

• India Post signed an MoU with the Confederation of All India Traders (CAIT) and Tripta Technologies for logistic service

• Reliance Industries Ltd-controlled Viacom18 has signed a three-year deal with Warner Bros
• Tesla Power USA has inked an agreement with Indian Oil Corporation Limited (IOCL) to sell and service batteries at the state-owned firm's petrol pumps
• Dialog Axiata Plc, Axiata Group Berhadm and Bharti Airtel sign ed a binding term sheet to combine the operations of Bharti Airtel Lanka
• An MoU has been signed by India and Israel on industrial research and development cooperation with a focus on several key technology areas
• PTC has signed a Memorandum of Understanding (MoU) with Brookfield Renewables for the purchase of 100 megawatts (MW) solar power on a long-term basis

CURRENT AFFAIRS: DEFENCE NEWS

• Indian Naval Ship (INS) Magar, Landing Ship Tank (Large) amphibious assault ship of the Indian Navy decommissioned after 36 years of exceptional service at the naval base in Kochi, Kerala.
• The Indian Air Force (IAF) has received the first indigenously designed and developed loitering munitions named the TATA ALS 50.
• Defence Minister Shri Rajnath Singh inaugurated a first-of-its-kind Indian Air Force (IAF) Heritage Centre in Chandigarh.
• The Indian Air Force’s (IAF)’s first C295 medium transport aircraft has completed its maiden flight in Spain marking an important step towards delivery in the second half of 2023.
• The Indian Navy and the Royal Thai Navy conducted the 35th edition of the India-Thailand Coordinated Patrol (Indo-Thai CORPAT) from May 3 to May 10, 2023, in the Andaman Sea.
• The Indian Army has decided that from August 1,2023 officers of the rank of Brigadier and above will have a common uniform irrespective of their different parent cadre and appointment.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

• The Indian Space Research Organisation (ISRO) has launched a new introductory-level online training programme called Space Science and Technology Awareness Training (START) for post-graduate and final-year undergraduate physical sciences and technology students.
• Scientists from the Defence Research and Development Organisation (DRDO) and researchers from the Indian Institute of Technology Madras (IIT-M), Chennai, Tamil Nadu (TN) have teamed up to create a cutting-edge Piezoelectric MEMS (Micro Electro Mechanical System) technology sensor for underwater communications.
• Tech major International Business Machines (IBM) has partnered with US space agency National Aeronautics and Space Administration (NASA) to design a new geospatial foundation model to track climate change on Earth.

• Chief Justice of India (CJI) D Y Chandrachud launched ‘E-filing 2.0’ and told lawyers that the facility for filing cases electronically will be now available round the clock.

CURRENT AFFAIRS: SPORTS NEWS

• Cristiano Ronaldo became the world's highest-paid athlete after he signed a contract worth more than 200 million euros ($219.98 million) with Saudi Arabian side Al-Nassr.
• Pakistan skipper Babar Azam has become the fastest player to reach 5000 runs in the ODI format
• In Weightlifting, India’s Bindyarani Devi has clinched a silver medal in the women’s 55kg category at the Asian Weightlifting Championships 2023 in Jinju, South Korea
• Sergio Pérez took a remarkable victory at the Azerbaijan Grand Prix in Baku after defeating his teammate and championship Max Verstappen
• Union Minister of Youth Affairs and Sports Anurag Thakur and Uttar Pradesh Chief Minister Yogi Adityanath launched the Logo, jersey, mascot, torch and anthem of the Khelo India University Games (KIUG) 2022 in Lucknow
• The All India Football Federation has decided to observe 23 June as the ‘AIFF Grassroots Day’ in honour of Indian football icon Pradip Kumar Banerjee

CURRENT AFFAIRS: OBITUARIES

• Legendary Mexican goalkeeper Antonio Félix "Tota" Carbajal Rodríguez, the first footballer to play in 5 Fédération internationale de football association (FIFA) World Cups, passed away at the age of 93 in Leon, Mexico.