1) World Bee Day observed globally on 20th May
•World Bee Day is observed globally on 20th May every year. On this date, 20 May, the pioneer of beekeeping Anton Janša was born in 1734 in Slovenia. The purpose of the bee day is to acknowledge the role of bees and other pollinators in the ecosystem. About 33% of the world’s food production depends on bees thus they are vital for the preservation of biodiversity, ecological balance in nature and helpful in reducing pollution.
•The theme of World Bee Day 2021 is “Bee engaged: Build Back Better for Bees”..
2) World Metrology Day observed globally on 20th May
•World Metrology Day is observed globally on 20th May every year. Many nations on this day, internationally collaborate to create awareness about metrology and its advancement in the respective field. The theme for World Metrology Day 2021 is Measurement for Health. This theme was chosen to create awareness of the important role measurement plays in health, and thus in the wellbeing of every one of us.
3) West Bengal government approved setting up of Legislative Council
•The West Bengal cabinet, chaired by Chief Minister Mamata Banerjee, has approved the formation of the Legislative Council. At present, only Andhra Pradesh, Karnataka, Telangana, Maharashtra, Bihar, and Uttar Pradesh have Legislative Council. Previously, West Bengal had a bicameral legislature but it was abolished by the United Front government in 1969.
4) India is the 2nd largest insurance-technology market in Asia-Pacific
•India is the second-largest insurance technology market in Asia-Pacific and accounts for 35 per cent of the $3.66 billion insurtech-focused venture capital invested in the region, according to S&P Global Market Intelligence data. The data showed that at least 335 private insurtechs are operating in Asia-Pacific, with about 122 of them disclosing $3.66 billion in aggregate capital raised via private placement deals.
•China and India are collectively home to nearly half of private insurtech companies in the APAC region and attracted about 78 per cent of the investments. Insurance technology investors are attracted to India since it is one of the fastest-growing insurance markets in the world.
5) India climbs to 3rd spot on EY index
•India has moved a notch higher at the third spot on EY’s Renewable Energy Country Attractiveness Index due to exceptional performance on the solar photovoltaic (PV) front. India has moved one position above (3rd) from the previous index (4th), this is primarily because of the exceptional performance on the solar PV front.
•The US retains the top position on RECAI 57, China has remained a buoyant market and maintains the second position. India also committed to setting up 450 GW for renewable energy power capacity (installed) by 2030 in the recent climate summit hosted by the US.
6) DNA sequencing pioneers from Cambridge win 1 million euro tech Nobel prize
•Two British chemists who developed a super-fast DNA sequencing technique that paved the way for revolutionary healthcare advances were awarded Finland’s version of the Nobel science prizes. Cambridge University professors Shankar Balasubramanian and David Klenerman took home the 1 million euro ($1.22 million) Millennium Technology Prize for their work over 27 years creating ever faster and cheaper ways to sequence the human genome.
•The pair’s Next-Generation DNA Sequencing technology (NGS) “means huge benefits to society, from helping the fight against killer diseases such as Covid-19 or cancer to better understanding crop diseases and enhancing food production,” the Technology Academy Finland, which awards the biennial prize.
7) Google floats News Showcase in India with top publishers
•Google has announced the launch of its global licensing programme News Showcase in India. Google has sealed agreements with 30 Indian publishers to offer access to some of their content. Amid mounting pressure from the global media fraternity asking for a fair price and advertising share from technology platforms.
•In February, the Indian Newspaper Society (INS) had also asked search engine Google to compensate newspapers for the use of content published by them and sought a larger share of its advertising revenue. The content from these publishers will begin to appear in dedicated News Showcase story panels in Google News and on Discover pages in English and Hindi. The support for more local languages will be added in the future. It will also pay participating news organizations to give readers access to a limited amount of paywalled content.
8) India’s Adani Green to buy SoftBank-backed SB Energy in $3.5 billion deal
•Indian renewable energy company, Adani Green Energy Ltd (ADNA.NS) would buy SoftBank Group Corp-backed (9984.T) SB Energy Holdings Limited for an enterprise value of $3.5 billion. It would buy the 80% stake held by SoftBank Group Capital Limited and the rest owned by Indian conglomerate Bharti Global Limited in a cash deal. The deal would allow Adani Green to achieve its targeted renewable portfolio of 25 gigawatts (GW) four years ahead of its expected timeline.
