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DAILY DOSE 6th MAY -2024 CURRENT AFFAIRS
1) Lakshya Aircraft:
- Aeronautical Development Establishment, a Bengaluru-based DRDO lab that developed the Lakshya aircraft, has been visited by the Central Bureau of Investigation (CBI).
- Lakshya Aircraft is an indigenously developed micro-light and pilot-less target aircraft.
- It designed and built by the Aeronautical Development Establishment (ADE), a subsidiary of the Defence Research and Development Organization (DRDO), for the Indian Armed Forces.
- The Lakshya was inducted into the Indian Air Force, Indian Navy, and Indian Army in 2000, 2001, and 2003, respectively.
2) Air Independent Propulsion (AIP) Technology:
- A Rs 60,000 crore contract to modernize the Indian Navy submarine fleet to build six stealth submarines equipped with Air Independent Propulsion (AIP) technology has started.
- With the emergence of submarines, there was a problem finding satisfactory forms of propulsion underwater.
- Traditional diesel-electric submarines need to surface frequently to charge their batteries and have an underwater endurance of only a few days.
- As battery technology improved, the endurance of these submarines increased proportionally. But it was not enough to last them beyond a week.
- In 1908, the Imperial Russian Navy launched the submarine Pochtovy, which used a gasoline engine fed with compressed air and exhausted underwater.
3) Integrated Pensioners Portal:
- The government’s Department of Pension & Pensioners’ Welfare recently started the Integrated Pensioners’ Portal in collaboration with Bank of India.
- Integrated Pensioners’ Portal is specifically designed to ensure complete digitization of the pension processing and payment system.
- It combines the pension processing and payment services of five banks (Bank of India, State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank) into a single window.
- Most pension-disbursing banks will be integrated with the portal later.
- Its primary objective is to achieve transparency and efficiency in pension-related services. With this system, the pensioner’s personal and service particulars can be captured, which enables the online submission of pension forms.
4) Boeing Starliner:
- An Atlas V rocket is set to lift off with a team of two veteran astronauts sitting inside a crew capsule called Starliner, built by Boeing.
- Starliner is a spacecraft that transports astronauts into space after being launched there by a rocket.
- It consists of a crew capsule and a service module.
- The crew capsule houses the astronauts; like others of its kind, it will be able to survive reentry and return to the ground.
- The service module consists of the equipment and systems the astronauts need to survive in space, including air and temperature control, water supply, sanitation, etc., plus the engines and fuel required to manoeuvre the spacecraft.
5) Koothandavar Festival:
- Koothandavar festival at Koovagam in Tamil Nadu plays out a tale of marriage and widowhood, all in a day.
- Koothandavar festival takes place in Koovagam of Tamil Nadu.
- It is the annual event, steeped in tradition, garners global attention for its unique celebration of the transgender identity.
- In a Tamil version of the Mahabharata, a character called Aravan offered himself as sacrifice for the Pandavas’ triumph in war.
- It is said he had a boon of marriage before his sacrifice but no woman wanted to marry him as it would mean widowhood.
- It is said Lord Krishna married Aravan after taking the form of Mohini.
6) Paliyar Tribes : Demand
- A recent research carried out on ‘Paliyar Tribals in Kodaikanal and Theni areas’ urged the State government to take necessary and immediate steps to uplift the Paliyar tribes as well as the other such Adivasi communities.
- Paliyar Tribe has been derived from the word ‘Palaniyan’ , which in Tamil language means a man from Palani.
- They are and have been known by multiple names such as the Paliyans, Pazhaiyarares and Panaiyars.
- They are distributed in the districts of Madurai, Thanjavur, Pudukkottai Tirunelveli and Coimbatore of Tamil Nadu.
- They speak Tamil and use the Tamil script for both inter-group and intra-group communication.
7) New President Of The Goods & Services Tax Appellate Tribunal :
- The Appointment committee of Cabinet has approved the appointment of Sanjaya Kumar Mishra, former Chief Justice, Jharkhand High Court as President GST Appellate Tribunal (GSTAT) for 4 years
- Goods and Services Tax Appellate Tribunal represents a specialised authority formed to resolve GST-related disputes at the appellate level.
- It is established under the Central Goods and Services Tax Act, 2017 (CGST Act) to hear various appeals under the said Act and the respective State/UT GST Acts.
- It will have one Principal Bench located at Delhi and 31 State benches located at various locations across States.
8) Blue Corner Notice : CBI
- The Central Bureau of Investigation (CBI) is likely to issue a Blue Corner notice against a person who fled abroad after allegations of sexual abuse.
- Blue Corner Notice is a part of Interpol’s elaborate system of colour-coded notices, which enable countries to “share alerts and requests for information on wanted persons/crimes worldwide”.
- This sharing of critical crime-related information is crucial for tackling internationally spread out criminal activities.
- There are seven types of notices — Red Notice, Yellow Notice, Blue Notice, Black Notice, Green Notice, Orange Notice, and Purple Notice. Each has a different implication.
9) Artificial General Intelligence:
- Sam Altman, CEO of OpenAI, expressed his commitment to invest billions of dollars towards the development of Artificial General Intelligence (AGI).
- Artificial General Intelligence refers to a machine or a software that can perform any intellectual task that a human can do.
- This includes reasoning, common sense, abstract thinking, background knowledge, transfer learning, ability to differentiate between cause and effect, etc.
- It aims to emulate human cognitive abilities such that it allows it to do unfamiliar tasks, learn from new experiences, and apply its knowledge in new ways.
10) Swing Trading:
- The Indian stock market has been witnessing volatility amid the ongoing Lok Sabha elections and swing trading has been trending on the internet.
- Swing Trading is a style of trading where investors keep their positions for longer than a single day, typically holding onto stocks for several days or weeks.
- Its goal is to capture gains in a stock’s value as it swings up and down.
- A swing trader will look for stocks with high volume (a lot of trading activity) and volatility (price movement).
- The entry into a swing trade involves setting up stop-loss orders (to limit potential losses) and target prices (to capture profits) based on support and resistance levels.
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