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    Important Current Affairs of 9th May

    NATIONAL:

    IIT Bombay researchers developed first indigenous microprocessor AJIT.

    • Engineers from the Indian Institute of Technology Bombay (IIT Bombay) have developed a microprocessor called AJIT which could reduce the country’s dependence on imports. It is the first to be conceptualised, designed, developed and manufactured in India.

    • The project was funded by the Ministry of Electronics and Information Technology (MeitY) and IIT Bombay. Powai Labs, a Mumbai-based company, has invested in the venture. It will own, market and support the product.

    India’s electronics market is expected to reach $400 billion by 2020. Most of the electronic devices that are used are imported and only a quarter of the devices are produced in the country.

    Noida-based edtech startup Classplus raises 11 crore.

    • Noida-based edtech startup Classplus has raised around Rs.11 crore in pre-Series A funding led by Times Internet and GREE Ventures.

    • Japanese VC firm Spiral Ventures and existing investor, Netherlands-based Rising Stars Fund also participated in the funding round.

    • Classplus, launched as XPrep in 2015, was founded by Mukul Rustagi, Bhaswat Agarwal, Bikash Dash and Vatsal Rustagi.

    AGREEMENTS AND MOU’s:

    India takes part in naval drill in S China Sea claimed by China.

    • India, Japan, the US and the Philippines held naval drills in the South China Sea, nearly 90% of which is claimed by China.

    • India deployed a destroyer, the INS Kolkata, and a tanker, the INS Shakti, in the nearly week-long multilateral drill, the US Navy said. Southeast Asian nations including Vietnam and Malaysia also lay claims over the sea.

    BANKS AND ECONOMICS:

    Reliance Industries loses 96,000 crore market value in four days.

    • Shares of Mukesh Ambani-led Reliance Industries have fallen nearly 11% in the last four sessions, erasing about 96,000 crore in market value.

    • With this fall in Reliance shares, Tata Consultancy Services has overtaken the company to become India's most valued firm with a market capitalisation of 8.14 lakh crore. Reliance's market cap stood at Rs.7.96 lakh crore.

    ED probes Etihad investment in Jet Privilege.

    • The ED is reportedly probing Etihad Airways' investment in Jet Airways' frequent-flyer programme, Jet Privilege.

    • The agency is investigating whether Foreign Direct Investment (FDI) norms were violated when the Abu Dhabi-based carrier took a stake in the programme, reports said.

    • Queries raised by the erstwhile FIPB to both the airlines immediately after the deal had gone unanswered, reports added.

    APPOINTMENTS AND RESIGNATIONS:

    Rakesh Sharma, Bajaj Auto Executive Director elected as IMMA Vice-President.

    • Rakesh Sharma, Bajaj Auto Executive Director and also a representative of SIAM (Society of Indian Automobile Manufacturers) elected as VP (Vice President) of IMMA, International Motorcycle Manufacturers Association (based in Geneva) during the annual general meeting of (IMMA) at Yogyakarta in Indonesia.

    • Rakesh Sharma has a wide range of experience in 2 and 3-wheeler industry and he is expected to efficiently direct IMMA towards being the trusted motorcycle manufacturers worldwide.

    • IMMA’s president is Johannes Loman.

    Indias Jagjit Pavadia re-elected to the International Narcotics Control Board(INCB).

    • Jagjit Pavadia, an Indian re-elected by the UN Economic and Social Council to a five year term on International Narcotics Control Board with the highest number of votes of 44 in the 54 member council.

    • She will begin her term on March 2, next year.

    • She was elected to the INCB for her first five year term in 2014. She has also served as the First Vice-President of the Board in 2016 and Chair of the Standing Committee on Estimates in 2015 and 2017.

    DAYS:

    World Thalassaemia Day was observed on 8th May.

    • 8th May is observed as World Thalassaemia Day globally every year. The theme for 2019 was Universal access to quality thalassaemia healthcare services: Building bridges with and for the patient.

    The day is observed to raise awareness about thalassaemia, its prevention, and measures to avoid its transmission among people throughout the world. It is observed in honour of all patients suffering and fighting from thalassaemia and also all scientists working hard to provide improved quality of life to people suffering with it.

    • Thalassemia:

    Thalassemias are inherited blood disorders characterized by abnormal hemoglobin production.

    Since it is an inheritable disease so cannot be prevented completely however, it can be lessened through the prenatal tests which helps in the early detection and cure before the childbirth.

    There are two main types:

    1.         Alpha thalassemia

    2.         Beta thalassemia

    Symptoms depend on the type and can vary from none to severe.

    • Often there is mild to severe anemia (low red blood cells).

    • There may also be bone problems, an enlarged spleen, yellowish skin, and dark urine.

    • Slow growth may occur in children.

    Treatments include blood transfusions, iron chelation, and folic acid.

    Daily Current Affair 

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