CURRENT AFFAIRS

Detailed explanation-1: -Every year, on the 3rd day of May the fundamental principles of press freedom are celebrated to evaluate press freedom and to defend the media from attacks on their independence around the world.

Detailed explanation-2: -May 3rd is the 123rd day in the Gregorian calendar; it marks the anniversary of the incorporation of Washington, D.C. as a city and the beginning of the Great Fire of 1901 in Jacksonville, Florida. Famous May 3rd birthdays include Frankie Valli and Willie Geist. May 3rd also marks National Paranormal Day.

Detailed explanation-3: -Star Wars Day is an informal commemorative day observed annually on May 4 to celebrate the Star Wars media franchise created by founder, former chairman and CEO of Lucasfilm, George Lucas. Observance of the day spread quickly through media and grassroots celebrations since the franchise began in 1977.

Detailed explanation-4: -Indians will celebrate Bhagvan Shree Parshuram Jayanti, Ramjan-Eid or Eid-UI-Fitra, Basava Jayanti, Akshaya Tritiya, Rabindra Jayanti, and Buddha Purnima on May 3, 2022. According to the Reserve Bank of India’s (RBI) holiday calendar, banks will be closed in mentioned states across the country.

Detailed explanation-5: -Under the Negotiable Instruments Act, RBI has declared holidays on May 2 (Ramjan-Eid (Eid-UL-Fitr)), 3 (Bhagvan Shree Parshuram Jayanti/Ramjan-Eid (Eid-UI-Fitra)/Basava Jayanti/Akshaya Tritiya), 9 (Birth Anniversary of Rabindranath Tagore) and 16 (Buddha Purnima).