Current Affairs – May, 2020

This category comprises Current Affairs May, 2020 National and International Importance for various competitive exams such as SSC, Banking / IBPS, UPSC, IAS, NTSE, CLAT, Railways, NDA, CDS, Judiciary, UPPSC, RPSC, GPSC, MPSC, MPPSC and other states civil services exams.

PDF Compilation of these updates can be downloaded from This Link

Russia constructs its first Stealth Bomber

Under its Perspective Aviation Complex for Long Range Aviation (PAKDA) programme, Russia has constructed its first Stealth Bomber.

Highlights

Russia is currently modernizing its military at a very fast pace. The Stealth Bomber is one such advancement. The bomber is the second-generation combat aircraft after Sukhoi Su-57 supersonic fighter jet

PAKDA

The Stealth Bomber has been developed under PAKDA programme. The PAKDA programme is to use latest technologies to reduce its radar signature. This will make Russian weapons and bombers invisible to enemies. The first test flight of PAKDA bomber is to be conducted in 2021-22.

India is one of the largest Defence Partners of Russia

India-Russia

India and Russia signed 14 Memorandums of Understanding in February 2020. This was held during Defexpo 2020. This included production of S400 missiles and production of Kamov helicopters and Kalashnikov rifles.

The active participants in the defence deal included HAL, DRDO, BHEL, etc. The deals are set to cross 16 billion USD. India is to buy Ka-226 helicopters from Russia.

World Gold Council Report: 37% of Indian Women never bought gold

On May 27, 2020, the World Gold Council released its report on Retail Gold Insights: India Jewellery Report. According to the report, around 37% of Indian women never bought jewellery.

Highlights

The report says that gold jewellery was the second most popular item among “Fashion and Lifestyle” shoppers next to clothes and silk sarees. Around 60% of Indian women already owned jewellery.

The 37% of Indian women that do not buy gold are now being seen as new target by the gold industry. Of these, 44% of the women are from rural areas and 30% are from urban.

Challenges

According to the World Gold Council, the current young Indian women show least interest towards gold ornaments. Only 33% of women in the age group 18-24 bought gold jewellery. Their future purchase intent is low.

This is a great threat to the gold market. India is one of the largest gold market in the world and decrease in gold purchase in the country will affect gold industry badly.

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