Five x Five  current  affairs

Five x Five  current  affairs

Five x Five  current  affairs

Five x Five  current  affairs

• • Five x Five  current  affairs

INS vikrant

• INS Vikrant  also known as Indigenous Aircraft Carrier 1 (IAC-1), is an aircraft carrier constructed by the Cochin Shipyard Limited  (CSL) for the Indian Navy.
• It is the first aircraft carrier  to be built in India. It is named 'Vikrant' as a tribute to India's first aircraft carrier, Vikrant  
• The carrier was floated out of its dry dock on 29 December 2011] and was launched on 12 August 2013.
• Vikrant is likely to be commissioned into service on 15 August 2022 to celebrate "Azadi ka Amrit Mahotsav" (75th year of India's Independence day)  with flight trials of aircraft expected to be completed by mid-2023.
• The total cost of the project was approximately 23,000 crore (US$2.9 billion) at the time of first sea trials.

​​​​​​​(2)Indian international bullion exchange

• India launched its first international bullion exchange on Friday as the world's second biggest consumer of the precious metal tries to bring transparency to the market for the precious metal.
• India International Bullion Exchange (IIBX), based at Gujarat International Finance Tec-City, or GIFT City in western Gujarat state.
• It could lead to standard gold pricing in India and make it easier for small bullion dealers and jewellers to trade,Qualified jewelers will be permitted to import gold through the IIBX
• India is a major player in the global gold market but largely a price .the exchange will help India to be a role in price discovery in global market and help India become a major trading hub in Asia.

​​​​​​​(3)DEEP SEA MINING-

• Deep sea mining is a growing subfield of experimental seabed mining that involves the retrieval of minerals and deposits from the ocean floor found at depths of 200 meters or greater.
• As of 2021, the majority of marine mining efforts are limited to shallow coastal waters only, where sand, tin and diamonds are more readily accessible.
• ] There are three types of deep sea mining that have generated great interest: polymetallic nodule mining, polymetallic sulphide mining, and the mining of cobalt-rich ferromanganese crusts.
• The majority of proposed deep sea mining sites are near of polymetallic nodules or active and extinct hydrothermal vents at 1,400 to 3,700 metres (4,600 to 12,100 ft) below the ocean’s surface.
• The vents create globular or massive sulfide deposits, which contain valuable metals such as silver, gold, copper, manganese, cobalt, and zinc, the deposits are mined using either hydraulic pumps or bucket systems that take ore to the surface to be processed.
• As with all mining operations, deep sea mining raises questions about its potential environmental impact. There is a growing debate about whether deep sea mining should be allowed or not.

(4)AL NAJAH- 4

                      The 4th Edition of India-Oman Joint Military Exercise ‘AL NAJAH-IV’ begins in Rajasthan at the Foreign Training                                 Node  of Mahajan Field Firing Ranges.

• • The exercise takes place between contingents of the Indian Army and the Royal Army of Oman from August 01 to 13, 2022. 
  • The 3rd edition of Ex AL NAJAH IV was held at Muscat from 12 to 25 March 2019.    
•            the objective of this joint military exercise is to enhance the level of defence cooperation between the Armies of India                and Oman as well as the bilateral relations between the two nations.
• • The exercise would focus on Counter Terrorism Operations, Regional Security Operations and Peace Keeping Operations under the United Nations charter, joint physical training schedules, tactical drills, techniques and procedures.

The Earth Overshoot Day

It  marks the date when humanity’s demand for ecological resources and services in a given year exceeds what Earth can regenerate in that year.

We maintain this deficit by liquidating stocks of ecological resources and accumulating waste, primarily carbon dioxide in the atmosphere.

Earth Overshoot Day is hosted and calculated by Global Footprint Network, an international research organization that provides decision-makers with a menu of tools to help the human economy operate within Earth’s ecological limits.

Earth overshoot day 2022 lands on 28 July 2022