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Important Current Affairs 5th February 2022

INTERNATIONAL

NATO chief Jens Stoltenberg to lead Norway central bank

• The North Atlantic Treaty Organization (NATO) chief, Jens Stoltenberg will take over as Norway’s central bank Governor at the end of the year. The appointment comes amid escalating tensions between the West and Russia. Western nations fear Moscow has plans to invade Ukraine, which aspires to join the NATO alliance.

• But Mr Stoltenberg, a 62-year-old trained economist, insisted that he would stay on as NATO Secretary-General until the end of his term in October. Norway’s central bank determines monetary policy but also manages the country’s enormous sovereign wealth fund, the biggest in the world.

NATIONAL

PM Modi unveils 216-feet tall 'Statue of Equality' in Hyderabad commemorating Sri Ramanujacharya

• Prime Minister Narendra Modi has dedicated to the nation 216-feet tall ‘Statue of Equality in Hyderabad to commemorate the 11th-century Bhakti saint Ramanujacharya. The statue has been conceptualised by Chinna Jeeyar Swami of Sri Ramanujacharya Ashram. The inauguration of the statue is a part of the 12-day Sri Ramanuja Sahasrabdi Samaroham, the ongoing 1000th birth anniversary celebrations of the Bhakti saint. A 3D presentation on the life and teachings of the saint will also be showcased during the event.

• The statue is made of ‘panchaloha’, a combination of five metals- gold, silver, copper, brass, and zinc. It is among one of the tallest metallic statues in sitting positions in the world.

• The 216-feet tall ‘Statue of Equality statue is mounted on a 54-feet high base building, called ‘Bhadra Vedi’.

• The floors of the building are dedicated to a Vedic digital library and research centre, ancient Indian texts, a theatre, an educational gallery detailing works of Sri Ramanujacharya.

5th Scorpene submarine, 'Vagir', begins maiden sea trials

• The Indian Navy‘s brand-new submarine, the fifth of the six French-designed Scorpene-class submarines named “Vagir”, sailed out on its first sea sortie and will now undergo rigorous trials before it is delivered to the Navy later this year. The submarine-designated “Yard 11879” during its construction by Mazagon Dock Shipbuilders Limited (MDL) in collaboration with the Naval Group of France will be named “Vagir” after it is commissioned into service.

SPORTS

U19 World Cup 2022 Final: India Beat England In Final To Win 5th Title

• India defeated England by four wickets to clinch a record-extending fifth title at the Sir Vivian Richards Stadium, Antigua. India added the fifth title to their collection, having previously won the trophy in 2000, 2008, 2012, 2018. Yash Dhull becomes the fifth Indian captain to win the title after Mohammad Kaif, Virat Kohli, Unmukt Chand and Prithvi Shaw. Earlier, England opted to bat after winning the toss but they were shot out by India for 189 in 44.5 overs. India chases down the target of 190 with 2.2 overs to spare.

• India’s Raj Angad Bawa was announced Player of the Match of the ICC Under19 World Cup 2022 Final between India and England. The Indian all-rounder picked 5/31, the best bowling figures for any final in the history of the championship and also scored crucial 35 runs with the bat to help his team in its 4 wicket win.

• South Africa’s Dewald Brevis who broke all records to score 506 runs in only six innings, the most for any batter in any Under19 World Cup ever, was named Player of the Series for his record-breaking showing.

APPOINTMENT & RESIGNATION

IndiGo Appoints Co-founder Rahul Bhatia As Managing Director

• The low-cost Indian airline, IndiGo has appointed its co-founder and promoter Rahul Bhatia as the Managing Director (MD) of the company with immediate effect. He is the first-ever MD of Indigo, because before this the company never had a managing director. Ronojoy Dutta is the CEO of the Indigo.

• The board of directors, during its meeting, unanimously approved the appointment of Bhatia as the managing director with immediate effect, subject to the approval of the shareholders. IndiGo is back in the black with a net profit for the December quarter at Rs 130 crore. The profit comes after the airline posted a loss for a series of straight quarters.

G A Srinivasa Murthy appointed director of Defence Research and Development Laboratory

• Senior scientist GA Srinivasa Murthy has been appointed director of Defence Research and Development Laboratory (DRDL) of the Defence Research and Development Organisation (DRDO) in Hyderabad. He joined DRDL in the year 1987 and made significant contributions in the area of structural dynamics, ground resonance testing, electrical integration and checkout for various projects of the missile complex.

• G A Srinivasa Murthy completed his BE in Electronics and Communication Engineering from Andhra University in 1986 and pursued his ME in Digital Systems from Osmania University in Hyderabad.

OBITURY

‘Nightingale’ Lata Mangeshkar passes away at 92

• Legendary singer Lata Mangeshkar has passed away at the age of 92 after suffering a multi-organ failure. The Bharat Ratna awardee was admitted to the hospital after being diagnosed with pneumonia and tested positive for the coronavirus disease in January. She is survived by her 3 sisters – Usha Mangeshkar, Asha Bhosle, Meena Khadikar and brother Hridaynath Mangeshkar.

• She began her career as a singer back in 1942 and never looked back. She recorded innumerable songs in over 36 Indian and foreign languages.

• She gave us musical gems such as Aye Mere Watan Ke Logo, Lag Jaa Gale, Yeh Kahan Aage Hain Hum and Pyar Kiya To Darna Kya, among others.

• Having led an eventful and rich life of several milestones, Lata Mangeshkar was conferred with the Dadasaheb Phalke Award in 1990. For her contribution to Indian music, she also was bestowed with Padma Bhushan in 1969 and Bharat Ratna in 2001.

IMPORTANT DAYS

International Day of Zero Tolerance to Female Genital Mutilation 6 February 2022

• International Day of Zero Tolerance for Female is observed on 6th February globally. This day is sponsored by the United Nations for their efforts to eradicate female genital mutilation. It was first introduced in 2003. This year theme of International Day of Zero Tolerance for Female: Accelerating Investment to End Female Genital Mutilation.

• Female genital mutilation (FGM) comprises all procedures that involve altering or injuring the female genitalia for non-medical reasons and is recognized internationally as a violation of the human rights, the health and the integrity of girls and women. Girls who undergo female genital mutilation face short-term complications such as severe pain, shock, excessive bleeding, infections, and difficulty in passing urine, as well as long-term consequences for their sexual and reproductive health and mental health.

BANKING AND ECONOMIC

Asian Development Bank lends record USD 4.6 bn loans to India in 2021

• As per the data official released by the Asian Development Bank (ADB), it provided a record USD 4.6 billion in sovereign lending to India in 2021. This included USD 1.8 billion towards coronavirus disease (C-19) pandemic response. The ADB’s regular funding programme to India is made to support transport, urban development, finance, agriculture, and skills building. The ADB’s project portfolio in 2021 reflected the Indian government’s focus on transforming cities into economically vibrant and sustainable communities.

• The USD 4.6 billion was committed by ADB for 17 loans. The USD 1.8 billion C-19-related assistance included USD 1.5 billion for vaccine procurement and USD 300 million to strengthen primary health care in urban areas and the country’s future pandemic preparedness.

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Important Current Affairs 4th February 2022

INTERNATIONAL

Winter Olympics host China welcomes Year of Tiger with quiet celebrations amid COVID-19 outbreaks

• China is celebrating the Spring Festival, it’s the most important annual festival as it entered the Lunar new “Year of the Tiger”. Last year was celebrated as the Lunar Year of the Ox. According to the Chinese Zodiac calendar, the Year of the Ox has ended and the Year of the Tiger has begun from February 1, 2022, and will end on January 21, 2023.

• In Chinese culture, the tiger symbolizes bravery, vigor and strength and it is believed that it can lift people from adversity and usher in final auspiciousness and peace. Each year is named after one of 12 signs of the Chinese zodiac in a repeating cycle. This year, Spring Festival celebrations coincide with the Beijing Winter Olympics.

NATIONAL

US regains top spot as India’s trade partner in 2021

• The United States was India’s top trading partner in the calendar year 2021 with a trade of $112.3 billion. The US is followed by China on second. The value of trade between India and China was $110.4 billion. In 2020, China was India’s top trading partner and the US was in the second rank. In 2019 USA was India’s top trading partner and China was on second.

Aravalli Biodiversity Park in Gurugram declared as India’s first OECM site

• The Aravalli Biodiversity Park in Gurugram, Haryana, has been declared as India’s first “other effective area-based conservation measures” (OECM) site. This was informed by the Union ministry of environment, forest and climate change on the occasion of World Wetlands Day. The International Union for Conservation of Nature (IUCN) gives OECM tag to those areas that are not protected but support rich biodiversity. The tag designates the area as a biodiversity hotspot on the international map.

• OECM is a status for a place that has achieved effective in-situ conservation of biodiversity outside protected areas like forests. The park, which once was an abandoned mining pit, was transformed into a lush green forest patch in 10 years. Now, it has about 400 native species of plants.

SPORTS

New Zealand’s All rounder cricketer Daryl Mitchell named the ICC Spirit of Cricket Award 2021

• New Zealand cricketer, Daryl Mitchell has been named the winner of the International Cricket Council (ICC) Spirit of Cricket Award 2021. This award is given to him for his gesture of refusing to take a single in the high-pressure 2021 ICC Men’s T20 World Cup Semi-Finals against England as he felt he had “obstructed” the way of bowler Adil Rashid at the Sheikh Zayed Stadium in Abu Dhabi. He has become the 4th New Zealand player to win the award after Daniel Vettori, Brendon McCullum and Kane Williamson.

• The ICC Spirit of Cricket Award is annually awarded by the ICC to recognise the player most notable for “upholding the ‘Spirit of the Game’”.

Neeraj Chopra nominated for Laureus World Breakthrough of the Year Award 2022

• Tokyo Olympics gold medallist, Neeraj Chopra has been nominated for the prestigious 2022 Laureus World Breakthrough of the Year Award. The other 5 nominees are Daniil Medvedev (Australian Open runner-up), Emma Raducanu (British tennis star), Pedri (Barcelona and Spain footballer), Yulimar Rojas (Venezuelan athlete) and Ariarne Titmus (Australian swimmer). The winners will be revealed in April following a vote by the Laureus World Sports Academy, made up of 71 sporting greats.

SCIENCE & TECHNOLOGY

India's most powerful supercomputer Param Pravega launched - Indian Institute of Science

• The Indian Institute of Science (IISc.), Bengaluru, has installed and commissioned Param Pravega, one of the most powerful supercomputers in India. It is also the largest supercomputer in an Indian academic institution. Param Pravega has a total supercomputing capacity of 3.3 petaflops (1 petaflop equals a quadrillion or 1015 operations per second).

• The supercomputer has been designed by the Centre for Development of Advanced Computing (C-DAC). It has been developed under the National Supercomputing Mission (NSM), a joint initiative of the Department of Science and Technology (DST) and Ministry of Electronics and Information Technology (MeitY), and implemented by C-DAC and IISc.

SUMMIT'S & MOU's

SBI-NCF-IGNCA sign MoU for Development of Atmanirbhar Bharat Centre for Design at Red Fort, Delhi

• The State Bank of India (SBI) has signed a tripartite Memorandum of Understanding (MoU) with the Indira Gandhi Centre for the Arts (IGNCA) and National Culture Fund (NCF) of the Ministry of Culture, for Development of Atmanirbhar Bharat Centre for Design (ABCD) at L1 Barrack, Red Fort, in Delhi. The main objective of Project ABCD is to highlight, promote and celebrate the products that have the Geographical Indication sign to give a boost to Economic Value Addition to GI products from India.

• The ABCD project will be implemented by IGNCA, an autonomous organization under the Ministry of Culture through the ministry’s NCF fund. SBI will sponsor the project under CSR with a contribution of Rs. 10 crores for the implementation of the ABCD Project.

BOOKS & AUTHOR

Coloniality, Civilisation, Constitution' authored by J Sai Deepak

• A Trilogy book series titled, ‘India, That is Bharat: Coloniality, Civilisation, Constitution’ is authored by J Sai Deepak and published by Bloomsbury India. The 1st part was released on 15th August 2021, is set to launch the 2nd part in June 2022. Whereas, the 3rd and last parts will be released in June 2023.

• It is the first part of a comprehensive trilogy, which examines the impact of European ‘colonial consciousness’ (or ‘coloniality’), on Bharat (India). It highlights how colonialism changes the socio-religious culture, history, education, language and racial patterns in India.

• India, That Is Bharat, the first book of a comprehensive trilogy, explores the influence of European ‘colonial consciousness’ (or ‘coloniality’), in particular its religious and racial roots, on Bharat as the successor state to the Indic civilisation and the origins of the Indian Constitution.

BANKING AND ECONOMIC

Export Import Bank of India, Sri Lanka sign $500-million loan agreement

• Export-Import Bank of India (Exim Bank) on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing the purchase of petroleum products. The fund will be used by the Island nation for the purchase of petroleum products. With the signing of this new LOC agreement, the total LOC extended by Exim Bank to Sri Lanka till date has reached 10, taking the total value of LOCs extended to USD 2.18 billion.

• With the signing of this LoC agreement, Exim Bank has now in place 276 lines of credit, covering 61 countries in Africa, Asia, Latin America and the Commonwealth of Independent States (CIS), with credit commitments of around $27.84 billion, available for financing exports from India. Besides promoting India’s exports, Exim Bank’s LoCs enable the demonstration of Indian expertise and project execution capabilities in emerging markets.

RBI cancels licence of Nashik-based Independence Co-operative Bank

• The Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd., Nashik, Maharashtra w.e.f February 03, 2022. The major reason for the cancellation of the license by RBI is that bank does not have adequate capital and earning prospects. This means that it does not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the Banking Regulation Act, 1949.

• The bank has stopped operation from the close of business on February 3, putting depositors of the bank in trouble. They would however receive up to Rs five lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC), after the bank’s liquidation.

• RBI has told the Commissioner for Cooperation and Registrar of Cooperative Societies in Maharashtra to issue an order for winding up the bank and appoint a liquidator. As per the data submitted by the bank, more than 99 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC.

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Important Current Affairs 3rd February 2022

NATIONAL

Andhra Pradesh Social activists builds Gandhi Mandiram and Smruthi Vanam at Srikakulam

• In Andhra Pradesh, a few social activists have built a temple for Mahatma Gandhi (Gandhi Mandiram) and Smrithi Vanam (memorial park) for our great freedom fighters’ at the Municipal Park in Srikakulam.

• The statue of Mahatma Gandhi at Gandhi Mandiram along with the statues at Smrithi Vanam were unveiled on the eve of Gandhiji’s death anniversary, on January 30, 2022 as a tribute to the Father of Nation and freedom fighters.

• The new initiative will inculcate patriotism among the youths by remembering the sacrifices of freedom fighters.

• The Gandhi temple has been built at an estimated cost of Rs 20 lakh with the help of donors

India’s first geopark to be set up in Jabalpur district of Madhya Pradesh

• India’s first geological park is being set up at Lamheta village of Jabalpur district in Madhya Pradesh.

• The approval to set up the geopark has been granted by the Geological Survey of India (GSI).

• The estimated cost of setting up the project is Rs 35 crore.

Spituk Gustor Festival observed in Ladakh

• The annual Spituk Gustor Festival was observed in Ladakh on January 30 and 31, 2022, to celebrate the culture and traditional heritage of the Union Territory.

• The term Gustor literally means ‘Sacrifice’ in the Tibetan language.

• The two-day festival is celebrated by various monasteries of the UT such as Thiksey, Spituk, Korzok and Karsha.

• The Spituk Gustor festival is marked by different kinds of rituals, ceremonies, music & Cham Dance.

• Cham Dance is a colourful mask dance performed by the monks of the Spituk monastery, located in Leh district, in their best robes depicting different deities.

APPOINTMENT

Lt Gen GAV Reddy Succeeds Lt Gen KJS Dhillon As head of Defence Intelligence Agency

• Lieutenant General GAV Reddy has been appointed as the Director-General of the Defence Intelligence Agency. He will replace Lieutenant General KJS Dhillon.

• The post of the director general is held on a rotation basis between the three Armed services- the Indian Army, Indian Navy, and Indian Air Force

• The Defence Intelligence Agency (DIA) is an intelligence agency responsible for providing and coordinating defence and military intelligence to the Indian Armed Forces. It was formed in 2002.

BANKING & ECONOMY

CRISIL projects India’s GDP growth for FY22 at 9.2% and for FY23 at 7.8%

• Rating Agency CRISIL has made the following projections for the GDP growth rate of India:

• For 2021-22 (FY22) = 9.2%

• For 2022-23 (FY23)= 7.8%

LIC ranked 10th most valued insurance brand globally: Brand Finance

• As per a brand valuation report released by Brand Finance, Life Insurance Corporation has been ranked at 10th in the list of insurance brands globally. Ping An Insurance of China is at the top.

• LIC is the only Indian insurance company in the top 10 list. LIC has a valuation of USD 8.656 billion (around Rs 64,722 crore).

• As per Brand Finance, the market value of LIC will become Rs 43.40 lakh crore (USD 59.21 billion) by 2022, and Rs 58.9-lakh crore (USD 78.63 billion) by 2027.

• It must be noted that LIC was ranked as 206th most valuable brand in 2021 by Brand Finance.

Patanjali and PNB launches co-branded contactless credit cards in partnership with RuPay

• Patanjali Ayurved Ltd and Punjab National Bank (PNB) have launched a co-branded contactless credit card in partnership with the National Payments Corporation of India (NPCI).

• The cards will be offered on the RuPay Platform of NPCI.

• The co-branded Rupay contactless credit cards are available in two variants which includes PNB RuPay Platinum and PNB RuPay Select.

SCHEMES

Government approves continuation of Scheme of Assistance to National Sports Federations with an outlay of Rs. 1575 crore

• Central Government has approved the continuation of Scheme of Assistance to National Sports Federations (NSFs) for XV Finance Commission Cycle (2021-22 to 2025-26). The outlay of this scheme for the next five years will be Rs. 1575 crore.

• This scheme is managed by the Ministry of Youth Affairs and Sports and it is the main source of funding for the preparation of national teams for all major national and international competitions including the Olympic Games.

DAYS

World Interfaith Harmony Week: February 01-07

• The World Interfaith Harmony Week is observed annually during the first week of February, which means from February 01 to 07.

• The observation aims to promote harmony between all people regardless of their faith.

• World Interfaith Harmony Week was designated by the UN General Assembly in 2010.

• It was proposed by King Abdullah II of Jordan at the United Nations in 2010.

• Theme in 2022 is Faith and spiritual leadership to combat stigma and conflict during pandemic recovery.

OBITUARY

Additional Solicitor General Rupinder Singh Suri passes away

• Senior advocate and Additional Solicitor General (ASG) Rupinder Singh Suri has passed away.

• Mr Suri was appointed as the ASG in on 30 January 2020 for a period till 29 June 2023.

• Suri was designated as a senior advocate in 2009.

• He had also served as the President of the Supreme Court Bar Association and the Supreme Court Advocates on Record Association.

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Important Current Affairs 2nd February 2022

INTERNATIONAL

Australia to rename islands to Honor Queen Elizabeth on platinum jubilee

• Australia will rename Aspen Island in Canberra's Lake Burley Griffin as part of June 2022 national and community events to celebrate 70th anniversary of the accession of Queen Elizabeth II to the British throne, Australian Prime Minister Scott Morrison said on Saturday.

• "Seventy years of service is a truly immense achievement, and we are proud to join with other Commonwealth nations to celebrate this milestone... Aspen Island in Canberra's Lake Burley Griffin, the home of the National Carillon, will be renamed Queen Elizabeth II.

• According to Morrison, celebrations will include opening of new Queen Elizabeth Water Gardens, the lighting of the Queen's Platinum Jubilee Beacon in Canberra, the release of commemorative stamps and coins, as well as illuminating monuments all around Australia.

Chinese Ministry Launches Five-Year Plan to Become Global Robotics Hub

• China has announced a five-year roadmap to achieve its goal of becoming a global robotics innovation hub by the year 2025. China’s Ministry of Industry and Information Technology revealed operating income from the country’s robotics industry is expected to grow by around 20% per year between 2021 and 2025. From 2016 to 2020, the sector expanded at an average growth rate of 15%. Last year, operating income surpassed 100 billion yuan ($15.69 billion) for the first time.

• To achieve its goal by 2025 of becoming a worldwide robotics innovation centre, China has proposed a strategy concentrating on improvements to essential components such as servo motors and control panels. As per the 2021 World Robot Report, South Korea, Singapore, and Japan were the top three most automated countries in Asia-Pacific.

NATIONAL

Centre approves 9544 Cr grant to Jharkhand under Jal Jeevan Mission

• 315 water supply schemes of Rs. 9,544 Crore approved under Jal Jeevan Mission for Jharkhand. These schemes will providetap water supply to about 8 lakh rural households in 4,424 villages of the State.

• On 15th August 2019, at the time of launch of Jal Jeevan Mission, only 3.45 lakh (5.83%) rural homes in Jharkhand had tap water supply. In 28 months, despite C-19 pandemic and lockdown disruptions, the State has provided tap water connection to 6.73 lakh (11.38%) households. As on date, out of 59.23 lakh rural household in the State, 10.18 lakh (17.20%) are getting tap water supply in their homes.

UP's Jhansi Railway Station Gets A New Name, Called Veerangana Laxmibai Station

• Yogi Adityanath, Chief Minister of Uttar Pradesh has announced that the government of UP has renamed the Jhansi Railway Station, in Jhansi, UP as “Veerangana Laxmibai Railway Station” after Rani Laxmibai. The announcement was made by UP Chief Minister Yogi Adityanath. A notification to this effect has been issued by the UP government and the Railways has started preparations to implement the change. Earlier the Mughalsarai Railway station was renamed as Pt. Deen Dayal Upadhyaya junction and the Faizabad Railway station as Ayodhya Cantt.

Sikkim Governor renamed Jawaharlal Nehru Road as ‘Narendra Modi Marg’

• Governor of Sikkim, Ganga Prasad, has named a new road Narendra Modi Marg. The Governor viewed the road under Kabi Lungchok from Kyongsala, 4th mile. This is an alternative to Jawahar Lal Nehru Marg. The National Monument at National Highway 310 was built by Border Roads Organization. It will be easier for Indian tourists to reach Nathula Border. The stretch, constructed by Border Roads Organisation, has reduced the distance between Gangtok and Tsomgo lake by 15 km.

APPOINTMENT & RESIGNATION

VK tripathi appointed as chairman and CEO of Railway board

• The Indian Railways has appointed VK Tripathi as chairman and Chief Executive Officer (CEO) of the Railway Board. He is currently working as the general manager of North-Eastern Railway, Gorakhpur.

• Tripathi’s appointment has been approved by the Appointments Committee of the Cabinet (ACC) and he is currently General Manager, North-Eastern Railway. He will replace Suneet Sharma, a 1982 batch IRSME officer.

• A career railway officer, Tripathi did his B.Tech (Electrical Engineering) from Roorkee and joined the railways through the Indian Railway Service of Electrical Engineers (IRSEE) batch of 1983.

• His first posting was as an assistant electrical engineer for the Northern Railway.

Asheesh Pandey joins Bank of Maharashtra as executive director

• Shri Asheesh Pandey joined as Executive Director, Bank of Maharashtra (BoM) today on 31st December, 2021. Prior to joining BoM, Shri Asheesh Pandey was Chief General Manager & Chief Operations Officer (COO) at Union Bank of India (UBI). Shri Asheesh Pandey has a progressive professional career spanning more than 24 years and over these years have handled a diversified portfolio ranging from Credit, Credit Monitoring, Treasury & Merchant Banking, Foreign Transactions & Joint Ventures, Marketing & Customer Relationships and Banking Operations.

• Shri Asheesh Pandey is a Mechanical Engineer (Hons) with Post Graduation in Management (Hons) with specialisation in Finance & Marketing.

Online travel company EaseMyTrip has appointed actors Vijay Raaz and Varun Sharma as its brand ambassadors

• Bollywood actors Vijay Raaz & Varun Sharma have been named as brand ambassadors for EaseMyTrip.com (Easy Trip Planners Ltd), an online travel company based in India. EaseMyTrip founded by Nishant Pitti and Rikant Pitti in 2008 was started as the Business-to-Business (B2B) portal and entered into the business-to-consumer (B2C) segment in 2011.

• Raaz and Sharma will be coming together as a duo for the first time for any brand campaign. The actors with their mass appeal and strong connection with the audience will complement the brand’s image. The company added that the actors are admired by fans for their genuine and down-to-earth personalities and their ability to make their acts memorable. They are also known for their impeccable comic timing and both actors have created a niche in the market.

IMPORTANT DAYS

DRDO celebrates its 64th foundation day on 1st January 2022

• Defence Research and Development Organisation (DRDO) is celebrating its 64th foundation day today. It was on this day in 1958 when DRDO was formed to make India strong and self-reliant in terms of science and technology and especially in military technologies.

• Defence Minister Rajnath Singh today wished to all Defence Research and Development Organisation, DRDO scientists and personnel on their 64th Raising Day. In a tweet, Mr Singh said, they are working tirelessly towards strengthening India’s defence capabilities and making the country self-reliant in defence sector. He hoped that the DRDO scientists and personnel will keep serving the nation with the same zeal.

• In the span of 63 years the organization has transformed the landscape of defence research and development in the country. Talking exclusively to All India Radio, the Chairman of DRDO Dr G. Satheesh Reddy said that the last year was the year of major breakthroughs and accomplishments even under the difficult situation posed due to C-19.

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Important Current Affairs 1st February 2022

INTERNATIONAL

Honduras: Xiomara Castro sworn in as first female president

  • In Honduras, the Freedom and Refoundation Party (Libre) member Xiomara Castro has been sworn in as the first female President of the country. The 62-year-old Castro replaces President Juan Orlando Hernández, as 56th President of Honduras. Hernández has held the position for eight years from 27 January 2014 to 27 January 2022. Castro announced part of her cabinet Thursday, with her son Hector Zelaya as private secretary and Jose Manuel Zelaya — her husband’s nephew — as defence minister.
  • The oath was sworn before Judge Karla Romero, flanked by Castro’s choice of Congress president, Luis Redondo, who draped the presidential sash over his new boss before a crowd of some 29,000. The guests included US Vice President Kamala Harris, King Felipe VI of Spain and Taiwan Vice President William Lai.

 

NATIONAL

Union Budget 2022-23 is being presented by Union Finance Minister

  • Union Finance Minister, Nirmala Sitharaman is presenting the Union Budget 2022 for the 4th time in a row. She will be presenting the financial statements and tax proposals for the fiscal year 2022-23 (April 2022 to March 2023). A Made in India tablet has replaced the traditional ‘Bahi Khata’ as Union Finance Minister Nirmala Sitharaman leaves the Finance Ministry’s office to go to the Parliament to present the Budget.
  • The Economic Survey 2021-22 was released on 31st January 2022 by the Chief Economic Advisor of India,  V Anantha Nageswaran. The government sees the Indian economy growing at 8-8.5 per cent in the financial year 2022-23 (FY23).

Key highlights of the Union Budget 2022-23:

  • Finance Minister Nirmala Sitharaman, while presenting the Budget, said that the country is expected to grow at 9.27 per cent.
  • Two parallel tracks for the next 25 years: public investments in infrastructure and a budget that is inclusive and futuristic.
  • PM Gati Shakti plans one of the four pillars of growth. 25,000 km of national highways to be built in 2022-23.
  • 400 new-generation Vande Bharat trains with higher efficiency and better facilities for passengers will be developed in the next three years. Over 2,000 km of rail network to be brought under the indigenous world-class technology KAWACH, for safety and capacity augmentation.
  • 7 focus areas: PM Gati Shakti, Inclusive Development, Productivity Enhancement, Sunrise Opportunities, Energy Transition, Climate Action and Financing of investments.

 

SPORTS

Chennai Super Kings Becomes India's First Unicorn Sports Enterprise; Surpasses Market Cap of Parent Entity

  • Chennai Super Kings (CSK), has become the country’s first sports Unicorn with its market cap having touched a high of Rs 7,600 crores and its share in the grey market trading in the Rs 210-225 price band. The Mahendra Singh Dhoni-led CSK, which won its fourth IPL title in Dubai last year, now has a market cap more than its parent entity, India Cements. India Cements’ market cap stood at Rs 6,869 crores.
  • Two key reasons which have led CSK’s market cap to go past its parent entity are the team winning its fourth IPL title in Dubai, and two new franchises being added to the upcoming season at record prices.

 

PR Sreejesh becomes first Indian man to win World Games Athlete of the Year Award

  • Indian men’s hockey player PR Sreejesh has won the World Games Athlete of the Year award for 2021. He is the second Indian after Rani Rampal to win this award. In 2020, Indian women’s hockey captain Rani Rampal became the first Indian to win the honour for her performances in 2019.
  • A total of 24 athletes from 17 countries were nominated for the annual awards based on individual or team performance. Alberto Ginés López of Spain and wushu player Michele Giordano of Italy are the runner-ups. In the FIH Stars Awards in October, Sreejesh was named the goalkeeper of the year for 2021.

 

Argentina won 6th Pan Am Women Cup Hockey Championship, beat Chile 4-2

  • Argentina defeated Chile, 4-2 to win its 6th women’s field hockey championship title at the 2022 Women’s Pan American Cup. The Women’s Pan American Cup is the quadrennial international championship of the Americas organized by the Pan American Hockey Federation.
  • The 2022 Women’s Pan Am Cup was the sixth edition of the championship. It was held from January 19 to 29, 2022 in Santiago, Chile. With this win both Argentina and Chile have sealed automatic qualification spots at the FIH Hockey Women’s World Cup, Spain and Netherlands 2022.

 

SUMMIT'S & MOU's

‘India-ASEAN Digital Work Plan 2022’ Approved In 2nd ASEAN Digital Ministers Meeting

  • India and ASEAN nations have approved a work plan titled India-ASEAN Digital Work Plan 2022, during the second ASEAN Digital Ministers’ (ADGMIN) Meeting held virtually. The ADGMIN meeting was co-chaired by Devusinh Chauhan, Minister of State for Communications, Government of India, and Admiral Tin Aung San, Myanmar’s Minister of Transport and Communications.
  • India and ASEAN will jointly work to develop a system to combat the use of stolen and counterfeit mobile handsets, and a WiFi Access network interface for nationwide public internet.
  • The plan also includes capacity building and knowledge sharing in emerging areas in Information and Communication Technologies such as Internet of Things, 5G, Advanced Satellite Communication and Cyber Forensics.

 

India, Israel to create 150 villages-of-excellence around 29 joint agriculture projects

  • The Government of India has joined hands with the Government of Israel to create 150 ‘Villages of Excellence’ in 12 States of the country, to help farmers to adopt the latest technology in the farm sector. Israel would provide Technical assistance and other expertise to make agriculture a more profitable business.
  • The 150 villages that are located around CoEs will be converted into ‘Villages of Excellence.’ Out of which, 75 villages are being taken up in the first year to commemorate the 75th year of India’s independence. Already, the Israeli government has established 29 Centres of Excellence (CoEs) in 12 states.

 

IMPORTANT DAYS

Indian Coast Guard celebrates 46th Raising Day on 01 Feb 2022

  • Indian Coast Guard is celebrating its 46th Raising Day on 01 Feb 2022. As the fourth largest Coast Guard in the world, the Indian Coast Guard has played a significant role in securing the Indian Coasts and enforcing regulations in the Maritime Zones of India. The ICG was formally established on February 1, 1977, by the Coast Guard Act, 1978 of the Parliament of India. It operates under the Ministry of Defence.
  • From a modest beginning with just 07 surface platforms in 1978, ICG has grown into a formidable force with 158 ships and 70 aircraft in its inventory and is likely to achieve targeted force levels of 200 surface platforms and 80 aircraft by 2025. One of the primary duties of the Indian Coast Guard is prevention of smuggling through maritime routes in its area of responsibility. In the last one year, it has seized drugs and contraband worth nearly four thousand crore rupees.

 

RANKING

Maharashtra has highest number of SC entrepreneurs

  • Maharashtra has topped India’s list in the number of micro, small and medium enterprises (MSME) owned by entrepreneurs from the Scheduled Castes with as many as 96,805 enterprises. Tamil Nadu with 42,997 enterprises and Rajasthan with 38,517 units occupy the second and third slots, according to the data furnished by the Office of the Development Commissioner in the Union Ministry of MSME.
  • The fourth, fifth and sixth slots belong to Uttar Pradesh (36,913 units), Karnataka (28,803 enterprises) and Punjab (24,503 units) respectively. Generally, the proportion of enterprises owned by Scheduled Caste entrepreneurs in the overall national tally of MSMEs is 6%.

 

BANKING AND ECONOMIC

Tata Steel arm to buy govt stake in Neelachal Ispat for Rs 12,100 crore

  • Tata Group company, Tata Steel Long Products Ltd’s (TSLP) has acquired Odisha-based Neelachal Ispat Nigam Ltd (NINL) for Rs 12,100 crore. Neelachal Ispat Nigam Ltd (NINL) is a steel plant located in Kalinganagar in Odisha and was shut in March 2020 due to continued losses. It has a capacity of 1.1 million tonnes a year. This is the 1st instance of privatisation of a public sector steel manufacturing enterprise in India.
  • NINL is a joint venture of four central public sector companies — Minerals and Metals Trading Corporation (MMTC), National Mineral Development Corporation (NMDC), Bharat Heavy Electricals Limited (BHEL) and MECON — and Odisha government entities OMC and IPICOL. NINL’s plant has been shut since March 2020. The Odisha government has 32.47 per cent stake in NINL through IPICOL and OMC, whereas the MMTC holds the 49.78 per cent share.

 

 

           

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Important Current Affairs 30th January 2022

 

INTERNATIONAL

Dutch King Willem-Alexander unveils 'world's largest' sea lock

  • The world’s largest canal lock has been inaugurated at Ijmuiden, a small port city, in the Port of Amsterdam, The Netherlands. The sea lock was inaugurated by Dutch King Willen-Alexander. The Ijmuiden sea lock is 500-meter (1,640-feet) long and 70-meter wide. Construction on the massive infrastructure project began in 2016 and was meant to be done by 2019. It also went over the initially planned budget by around €300 million ($338 million).
  • The Ijmuiden lock was designed to allow large, modern cargo ships to reach the port of Amsterdam. The structure is also deep enough that ships will no longer have to wait for a favourable water level to enter the canal. With almost nine meters above the sea leave, the structure is also a defence against the threat of flooding.

 

                                                                  NATIONAL

Gurugram gets India's biggest Electric Vehicle charging station

  • India’s largest electric vehicle (EV) charging station with a capacity of 100 charging points for 4 wheelers, was opened at Delhi-Jaipur National Highway in Gurugram. Previously, India’s largest EV charging station was situated in Navi Mumbai with 16 AC & 4 DC charging ports for EVs. The new EV charging station has been developed by tech-piloting company Alektrify Private Limited.
  • This EV charging station will not only boost the electric vehicles industry in the region but will also act as a benchmark for large EV charging stations across the nation in future. The electric vehicle charging station of this size and magnitude is rare and will be instrumental for the industry to experience actual Ease of Doing Business in smooth ‘Certification Compliance’ and ‘Safety Standards’.

 

APPOINTMEN & RESIGNATION

PESB names Pushp Kumar Joshi for HPCL's CMD post

  • Pushp Kumar Joshi has been named to be the new chairman and managing director of Hindustan Petroleum Corporation Ltd (HPCL), the nation’s third-largest oil refining and fuel marketing company. Joshi, who is currently Director – Human Resources at HPCL has been on the board of HPCL for almost a decade now. He will replace Mukesh Kumar Surana, who superannuates on April 30 this year.
  • The recommendation will now go to the Appointments Committee of the Cabinet (ACC) headed by the Prime Minister (PM) of India. ACC will decide on his selection after getting reports from anti-corruption agencies such as CVC (Central Vigilance Commission) and CBI (Central Bureau of Investigation).

 

SUMMIT'S & MOU's

PM Modi Hosts First India-Central Asia Summit

  • Prime Minister of India Narendra Modi has hosted the first India-Central Asia Summit, through the virtual platform. It was the first of its kind engagement between India and the Central Asian countries at the level of leaders. The central Asian region has five recognized countries. The Summit was attended by the Presidents of these five Central Asian countries.
  • These are the Republic of Kazakhstan, Kyrgyz Republic (Kyrgyzstan), Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan. The first India-Central Asia Summit coincided with the 30th anniversary of the establishment of diplomatic relations between India and Central Asian countries. During the summit, the Leaders agreed to hold the Summit every 2 years (biennial). The summit is symbolic of the importance attached by the leaders of both sides to a comprehensive and enduring India-Central Asia partnership.

 

TerraPay, NPCI International partner to enable real-time

  • TerraPay has signed MoU with NPCI International Payments Limited (NIPL) to allow Indian customers with an active UPI ID to receive real-time, international payments into their bank accounts via TerraPay’s secure payments technology. It will enable a seamless and convenient cross-border remittances experience. NIPL is an international arm of the National Payments Corporation of India (NPCI).
  • This association with NIPL will allow Indians with an active UPI ID to receive real-time, international payments into their bank accounts via TerraPay’s adaptive and secure payments technology. The intended collaboration will now further empower UPI users to leverage TerraPay’s agile interoperable payments infrastructure to receive payments on a fully regulated, secure, scalable, and efficient channel.

 

IMPORTANT DAYS

Martyrs’ Day: 30 January 2022

  • Martyr’s Day or Shaheed Diwas is observed every year on January 30 in the memory of Mahatma Gandhi, who was assassinated at Gandhi Smriti in the Birla House by Nathuram Godse in 1948. This year nation observed 74th Martyrs’ Day or Shaheed Diwas. The day is observed to remember the sacrifices made by freedom fighters in the struggle for India’s independence and to pay our respects to them. Notably, Martyrs’ Day is also observed in India on March 23 to pay respect to Bhagat Singh, Shivaram Rajguru and Sukhdev Thapar, who was hanged death on this day in 1931.’
  • The President, the Vice President, the Prime Minister, and the Defense Minister on 30 January get together at the Rajghat to the Samadhi of the Mahatma Gandhi to pay honour by putting a garland of flowers to the statue of the Bapu. An honourable salute is also given by the armed forces personnel and inter-services contingent to pay respect to the martyrs.

 

Data Privacy Day:28 January 2022

  • Data Privacy Day is celebrated on January 28, every year across the world. The objective of the day is to sensitize individuals and disseminate privacy practices and principles. It encourages everyone to own their privacy responsibilities to create a culture of privacy. Observance of the day is “an international effort of creating awareness on the importance of respecting privacy, enabling trust and safeguarding data”.
  • The theme for this year is ‘Privacy Matters’. It instils a sense of accountability that Privacy is integral to every individual’s life.  Data privacy has been one of the hot topics of discussion in a digitally connected world. The issue has become pertinent at the time of the coronavirus disease (Covid-19) pandemic when more and more people are forced to spend time in the online world.

 

BOOKS & AUTHOR

Book ‘A Little Book of India: Celebrating 75 years of Independence’ authored by Ruskin Bond

  • A new book titled “A Little Book of India: Celebrating 75 years of Independence” authored by Ruskin Bond was released, marking 75 years of India’s Independence. The book is the blend of “physical and spiritual” attributes of India and also highlights the last 75 years of India’s progress as a nation. It is published by Penguin Random House India (PRHI). It is a record of some of my memories and impressions of this unique land — of its rivers and forests, literature and culture, sights, sounds and colours — an amalgamation of the physical and spiritual.

 

BANKING AND ECONOMIC

Global gold demand rises 10% to 4021 tonnes in 2021: WGC

  • According to the World Gold Council (WGC) report ‘Gold Demand Trends 2021’ has informed that the global gold demand rose 10 per cent in 2021 to 4,021.3 tonnes. The overall gold demand during 2020, which was impacted following Covid-19 related disruptions, stood at 3,658.8 tonnes.
  • The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China. India’s gold consumption surged to 797.3 tonnes in 2021, on the back of the recovery in consumer sentiments and pent-up demand post Covid-19-related disruptions and the bullish trend is set to continue this year as well.

 

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Important Current Affairs 31st January 2022

   

 

NATIONAL

Meta partners FICCI to support 5 lakh women-led SMBs in India

  • Social media giant Meta has partnered with industry body the Federation of Indian Chambers of Commerce & Industry (FICCI) to support five lakh women-led small businesses across India. Meta will undertake this initiative under its #SheMeansBusiness programme, in partnership with FICCI’s ‘Empowering the Greater 50%’ initiative. The initiative will create a supportive ecosystem for women and inspire them to become contributors to the overall development of the country.
  • Grow your Business Hub: To provide the necessary information, tools and resources to MSMEs;
  • Commerce Partners Programme: To help businesses go digital and D2C using technology;
  • Facebook Business Coach: To train women through an educational chatbot tool on WhatsApp.

 

SPORTS

Women’s Asia Cup Hockey: India beat China 2-0 to win Bronze medal

  • India defeated China, 2-0 to win the bronze medal at the 2022 Women’s Hockey Asia Cup tournament. The 2022 Women’s Hockey Asia Cup was the 10th edition of the quadrennial Women’s Hockey Asia Cup. The tournament was held from January 21 to 28, 2022 at the Sultan Qaboos Sports Complex in Muscat, Oman. Japan defeated South Korea 4-2 in the final to win their third title at the Women’s Hockey Asia Cup tournament.

 

Rafael Nadal Beats Daniil Medvedev In Australian Open Final

  • Rafael Nadal (Spain) has defeated Daniill Medvedev (Russia) 2-6,6-7,6-4,6-4,7-5 to win the Men’s Singles title at the Australian Open 2022. This is his 21st Major title, becoming the first male player to do so. In women’s tennis, Margaret Court (Australian) has 24 singles majors, an all-time record. In women’s, World Number 1 Ashleigh Barty of Australia defeated Danielle Collins of the US, 6-3 7-6, to win women’s singles final title at the Australian Open 2022.

The winners of Australian Open Tennis Title 2022:

Events                                     Winners

Men’s Singles              Rafael Nadal

Women’s Singles         Ashleigh Barty

Men’s Doubles            Thanasi Kokkinakis and Nick Kyrgios

Women’s Doubles       Barbora Krejčíková and Kateřina Siniaková

Mixed Doubles            Kristina Mladenovic and Ivan Dodig

 

IMPORTANT DAYS

World Neglected Tropical Diseases Day 2022: 30th January

  • World Neglected Tropical Diseases Day (World NTD Day) is observed on January 30 every year to raise awareness about neglected tropical diseases (NTDs) as a critical public health challenge so that we can progress towards their elimination. 2022 theme is ‘Achieving health equity to end the neglect of poverty-related diseases’. The 2022 slogan is “From neglect to care”.
  • The first World NTD Day was held on 30 January 2020. The proposal to recognise the day was made by the United Arab Emirates (UAE). 74th World Health Assembly endorsed a decision recognizing 30 January as World Neglected Tropical Diseases Day (‘World NTD Day’). World NTD Day commemorates the simultaneous launch of the first NTD road map and the London Declaration on NTDs on 30 January 2012. For countries where neglected tropical diseases (NTDs) are prevalent and for the global community of partners, this is a new dawn.

 

World Leprosy Day 30 January 2022

  • World Leprosy Day is observed globally on the last Sunday of January every year. In 2022, the World Leprosy Day falls on January 30, 2022. The day is celebrated to raise global awareness of this deadly ancient disease and call attention to the fact that it can be prevented, treated and cured. In India, World Leprosy Day is celebrated every year on 30 January, the anniversary of Mahatma Gandhi’s death.
  • This year theme of World Leprosy Day 2022 is “United for Dignity”.
  • The day was initiated in 1954 by French philanthropist and writer, Raoul Follereau, as a tribute to the life of Mahatma Gandhi who had compassion for people afflicted with leprosy.

 

BOOKS & AUTHOR

Book “Fearless Governance” authored by Kiran Bedi

  • The book titled ‘Fearless Governance’ authored by Dr Kiran Bedi has been released. She is the former Lt Governor of Puducherry and IPS (retd). This book is based on the ground realities of nearly five years of service of Dr Bedi as Lt. Governor of Puducherry and her vast experience of 40 years in the Indian Police Service.
  • The author demonstrates the right practises of responsible governance. She brought about team spirit, collaboration, financial prudence, effective policing, bonding in services and decision making through fearless leadership. ‘Fearless Governance’ is a book to read, see, hear and feel for good governance and leadership.

 

 

BANKING AND ECONOMIC

SPMCIL sets up new bank note printing lines at Nashik and Dewas

  • Security Printing and Minting Corporation of India Limited (SPMCIL) has set up ‘new banknote printing lines’ at its Currency Note Press, Nashik and Bank Note Press, Dewas. In India, four printing presses for printing and supply of Banknotes. These are at Dewas in Madhya Pradesh, Nasik in Maharashtra (owned by SPMCIL), Mysore in Karnataka, and Salboni in West Bengal (owned by Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)).
  • SPMCIL, a Government of India owned Miniratna company, is engaged in the manufacture/production of Currency and Bank Notes, Security Paper, Non-Judicial Stamp Papers, Postal Stamps, Passport, Visa, Cheques, Bond, Warrant, Special Certificates with security features, Security Inks, Circulation & Commemorative Coins, Medallions, Refining of Gold & Silver, and Assay of Precious Metals among others.

 

Paytm Money introduces India’s first intelligent messenger for investments

  • Paytm Money has introduced “India’s first” intelligent messenger called ‘Pops’. The company has launched ‘Pops’, with which users can receive specific information related to their stocks, analysis about their portfolio, market news, and important market movements in an easy to consume format, all in one place. The platform will also serve as a marketplace to offer sophisticated stock recommendations, news insights, and other services.
  • Paytm Money is partnering with InvestorAi to offer stock recommendations based on signals generated using artificial intelligence. Now, with Pops on the Paytm Money app, these investors can monitor their portfolios regularly and learn from the market movements with alerts curated for them.

 

Tatas pick SBI, two other banks to finance Air India's old debt

  • Tata Group has chosen State Bank of India, Bank of Baroda and HDFC Bank as preferred bankers for Air India. Recently Tata Group has taken over Air India from the government. Air India is the largest international carrier out of India with an 18.6% market share. Tata Sons have availed of a Rs 10,000-crore loan from SBI and a Rs 5,000-crore loan from BoB. The loan from HDFC Bank is not known yet. The loans are unrated, unsecured, and pegged at 4.25% [interest rate] annually.
  • Tata Sons-promoted Talace has acquired Air India, offering Rs 18,000 crore that include Rs 15,300 crore for the carrier’s existing debt and Rs 2,700 crore cash to be paid to the government. The new debt availed by the Tata Group will be used to refinance Air India’s debt availed at over 10%.

 

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Important Current Affairs 29th January 2022

                                                                  NATIONAL         

Kerala Gets India's 1st Graphene Innovation Centre

  • India’s first innovation centre for graphene will be set up in Kerala by the Digital University Kerala (DUK), along with the Centre for Materials for Electronics Technology (C-MET) in Thrissur, for Rs 86.41 crore. This will be the first graphene Research and Development (R&D) incubation centre in the country. Tata Steel Limited is set to be the industrial partner of the centre.
  • The Ministry of Electronics and Information Technology, Government of India, has given approval for the project. The project, which will be implemented with the support of the Kerala government, is expected to accelerate the state’s growth in the knowledge industry sector.

 

Parliament launches Digital Sansad App to make live proceedings accessible to citizens

  • Lok Sabha Speaker Om Birla has launched the official mobile application of the Parliament named ‘Digital Sansad App’ on January 27, 2022, to allow citizens to access live proceedings of the House, including the Union Budget 2022 live. The app will make the Parliament and Parliamentary proceedings accessible not only to the members but also to the public of the country.
  • Through the Digital Sansad App, citizens can check what their members of Parliament are doing, what debates they are participating in and what they are saying. Using the app, parliamentarians can also digitally log their attendance.
  • The app contains information on budget speeches since 1947 as well as House discussions from the 12th Lok Sabha to 17th Lok Sabha. It will also contain a live telecast of Sansad proceedings. 2022 Budget session can also be watched live on this App.

 

APPOINTMEN & RESIGNATION

V Anantha Nageswaran named new chief economic advisor

  • The Government of India has appointed Dr V Anantha Nageswaran as the new Chief Economic Adviser. The announcement came days ahead of the presentation of the 2022 Union Budget on February 1 and the tabling of the 2021-22 Economic Survey on January 31. This post was lying vacant since December 17, 2021, when KV Subramanian left the office. He is a former member of the Prime Minister’s Economic Advisory Council (PMEAC).
  • Dr Nageswaran, who is a noted writer, author, teacher, and economic consultant, has taught at several business schools and institutes of management across India and abroad. Before his appointment as the Chief Economic Adviser, he was the Dean of the IFMR Graduate School of Business and a visiting professor of Economics at the Krea University in Andhra Pradesh.

 

SUMMIT'S & MOU's

Google to invest $1 bn in Bharti Airtel, to buy 1.28% stake for $700 mn

  • Bharti Airtel and Google have announced a long-term partnership agreement, to accelerate the growth of India’s digital ecosystem. Under the deal, Google will invest USD 1 billion in Airtel. From the total investment, Google will invest USD 700 million to acquire a 1.28 per cent stake in Bharti Airtel Ltd. The remaining USD 300 million will go toward multi-year commercial agreements with Airtel, including devices built together by the two tech giants.
  • The USD 1 billion funding is part of Google’s USD 10 billion ‘Google for India Digitization Fund’, launched in 2020. This is Google second investment in an Indian telecom service provider (after Reliance Jio). Discussion between the two companies had been going on since the first half of 2021 and culminated in an announcement.

 

OBITURY

Renowned Marathi writer, social activist Dr Anil Awachat passes away at 78

  • Renowned Marathi author and social activist Anil Awachat has passed away. Awachat was the founder of a de-addiction center called Muktangan Rehabilitation Center in Pune in 1986. He was known for his several Marathi books like “Manasa”, Swatahavishayi, “Gard”, “Karyarat”, “Karyamagna” and “Kutuhalapoti”.
  • In the early 1970s, he edited a popular Marathi journal called Sadhana which featured his trenchant writings on social issues, notably in his reportage of the 1972 drought that ravaged Maharashtra. His many books include ‘Kondmara’ (1985) on Dalit atrocities and ‘Dharmik’ (1989), a penetrating expose on the cult of false godmen in Maharashtra.

 

AWARDS & RECOGNITION

Sathyamangalam Tiger Reserve in TN wins TX2 Award for doubling tiger population

  • Sathyamangalam Tiger Reserve (Erode district, Tamil Nadu) has been given the prestigious TX2 award after its tiger numbers doubled to 80 since 2010. Apart from the STR, the Bardia National Park in Nepal has won this year’s TX2 award for doubling the population of wild tigers. Sathyamangalam wildlife sanctuary was declared a tiger reserve in 2013 and the reserve that spread across 1,411.60 sq km is an important link between the Nilgiris and Eastern Ghats landscape. The Nilgiri biosphere landscape that this reserve is part of is currently the home to the largest tiger population in the world. It is connected to other well-established tiger habitats like Mudumalai Tiger Reserve, Bandipur Tiger Reserve and BR Hills Tiger Reserve.
  • The award acknowledges the efforts by the State governments and the local communities which have played one of the most important roles to turn a relatively new tiger reserve into one of the source populations of tigers in India. The awards are presented by the Conservation Assured Tiger Standards (CA|TS), Fauna and Flora International (FFI), Global Tiger Forum (GTF), IUCN’s Integrated Tiger Habitat Conservation Programme (ITHCP), Panthera, UNDP, The Lion’s Share, Wildlife Conservation Society (WCS) and WWF.

 

Kashmir police bags lion's share of gallantry medals this Republic Day

  • Jammu and Kashmir Police has bagged 115 Police Medals for Gallantry (PMG), out of a total of 189 awarded this year. They more than doubled their last year’s tally of 52 PMGs. J&K Police won awards for conducting several counter-insurgency operations in 2019-20. Police personnel from Jammu and Kashmir have been awarded 115 Police Medals for Gallantry, the highest number from any police force this year, followed by CRPF with 30, Chhattisgarh Police with 10, Odisha Police with nine, and Maharashtra Police with seven.

 

BOOKS & AUTHOR

Book “The $10 Trillion Dream” authored by Subhash Garg

  • The former finance secretary of India, Subhash Chandra Garg has announced his debut book named “The $10 Trillion Dream”. The book is scheduled to hit stands towards the end of February 2022. The new book explores the critical policy issues that India faces today and suggests reforms for it to become a USD 10 trillion economy by the mid-2030s. It is published by Penguin Random House India (PRHI).
  • Garg, a member of the Indian Administrative Service (IAS) for over 36 years, has served in various key positions for both the Union government and the government of Rajasthan. He was designated finance secretary in March 2019.

 

Book ‘India’s Women Unsung Heroes’ launched by Meenakashi Lekhi 

  • Union Minister of State for Culture, Meenakashi Lekhi has released a pictorial comic book titled ‘India’s Women Unsung Heroes’, as a tribute to the forgotten women freedom fighters of the country. The book has been prepared by the Ministry of Culture in partnership with Amar Chitra Katha, an Indian publisher of Indian comics and graphic novels. India will be celebrating 75 years of independence this August 15. And so, the book celebrates the lives of 75 unsung women freedom fighters of India, including Chakali Ilamma, Padmaja Naidu, Durgabhai Deshmukh, among others.
  • The book is a fitting tribute to the forgotten heroes of our freedom struggle as it celebrates the lives of women who led the charge and lit the flame of rebellion throughout the country. It contains stories of queens who battled imperialism and dedicated their lives for Maa Bharati.

 

BANKING AND ECONOMIC

Pencilton launches debit card with NCMC for teens in partnership with Transcorp

  • A teen-focused Fintech startup based in India, Pencilton has recently launched PencilCard, a debit card that is compliant with National Common Mobility Card standards. It has been launched in partnership with Transcorp. The National Common Mobility Card was developed by India’s Ministry of Housing and Urban Affairs in early 2019. It allows the user to pay for travel, toll duties, retail shopping and withdraw money.
  • PencilCard works for both online and offline payments in addition to its utility as a metro and bus card. It can currently be used for travel on the airport line in Delhi and a KTC bus card in Pune. It will soon be accepted for metro travel in Pune, Chennai, and Mumbai. Also in the works is utilization on BEST buses in Mumbai. 

 

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Important Current Affairs 28th January 2022

 

 

NATIONAL

It's official! Air India now formally handed over to Tata Group

  • The government of India officially handed over India’s flag carrier, Air India to the Tata Group on January 27, 2022, almost 69 years after acquiring the conglomerate. The total value of the deal is Rs 18,000 crore (US$2.4 billion). The strategic disinvestment transaction of Air India includes the transfer of a 100 per cent stake of GoI in Air India to Tata Sons, along with management control.
  • The transaction covers three entities namely, Air India, Air India Express and Air India SATS (AI SATS). Under the deal, the Tata group will also be handed over Air India Express and a 50 per cent stake in ground handling arm AI SATS.

                                                                                                               

India pays its UN regular budget assessment in full with payment of US $29.9 million

  • India has paid USD 29.9 million in UN regular budget assessments for the year 2022. As of January 21, 2022, 24 Member States have paid their regular budget assessments in full. India is currently a non-permanent member of the 15-nation Security Council and its two-year term will end on December 31, 2022.
  • “#India proud to pay again in full! India joins the 2022 Honour Roll of 24 Member States out of 193 that have paid their @UN RegularBudget Assessments in full,” India’s Permanent Mission to the UN tweeted.

 

Kerala gets its first ever scientific bird atlas

  • Kerala Bird Atlas (KBA), the first-of-its-kind State-level bird atlas in India, has created solid baseline data about the distribution and abundance of bird species across all major habitats, giving an impetus to futuristic studies. It is being conducted as a citizen science-driven exercise with the participation of over 1,000 volunteers of the birdwatching community KBA has been prepared based on systematic surveys held twice over 60 days a year.
  • Conducted as a citizen science-driven exercise with the participation of over 1000 volunteers of the bird watching community, KBA was prepared based on systematic surveys held twice over 60 days a year during the wet (July to September) and dry (January to March) seasons between 2015 and 2020.

 

IT Ministry releases five-year roadmap for electronics sector in India

  • Ministry of Electronics and Information Technology (MeitY) has released a 5-year roadmap and Vision Document 2.0 for the electronics sector. The Vision Document 2.0 titled “$300 bn Sustainable Electronics Manufacturing & Exports by 2026” has been prepared by MeitY in association with the India Cellular & Electronics Association (ICEA). It is the second volume of a two-part Vision Document. Vision Document 2.0 provides a year-wise break-up and production projections for the various products. This will help India to transform into a US$300 billion electronics manufacturing powerhouse by 2026, from the current US$75 billion.
  • This roadmap is the second volume of a two-part Vision Document – the first of which was released in November last year. The first part of the document titled “Increasing India’s Electronics Exports and Share in GVCs” was released in November 2021.

 

SPORTS

RPSG Group's IPL team to be called Lucknow Super Giants

  • Lucknow’s IPL franchise, which is owned by Sanjiv Goenka (RPSG Group), has been renamed Lucknow Super Giants ahead of the Indian Premier League (IPL) 2022 mega auction. Lucknow team roped in KL Rahul as their captain and also roped in Australia all-rounder Marcus Stoinis and leg-spinner Ravi Bishnoi. The official IPL team of Lucknow crowdsourced its name from fans and a consumer engagement campaign was launched on social media on 3rd Jan 2022.
  • Last year, the franchise was purchased by the Sanjiv Goenka-owned of the RPSG group for an amount of Rs 7090 Crores. The other new team to enter the competition is from Ahmedabad who were bought by the Irelia Company Pte Ltd. (CVC Capital Partners) for Rs 5635 Crores.

 

OBITURY

Milena Salvini, ambassador of Kathakali in France, passes away at 84

  • Noted Kathakali dancer Milena Salvini of France has passed away. Italian-born Salvini was a regular visitor to India, especially Kerala where she learnt Kathakali, and ran ‘Centre Mandapa’, a school for Indian dance forms, in Paris. The Government of India conferred the Padma Shri award on Salvini in 2019 for her contribution in the field of performing arts.

 

IMPORTANT DAYS

International Customs Day 2022: 26th January

  • The International Customs Day (ICD) is observed on 26 January every year. The day is celebrated to recognise the role of customs officials and agencies and focus on the working conditions and challenges that customs officers face in their jobs. This year, the theme chosen by WCO for ICD is ‘Scaling up Customs Digital Transformation by Embracing a Data Culture and Building a Data Ecosystem’.
  • The International Customs Day’s objective is to boost leadership, guidance, and support to customs administrations as WCO strongly opines that while borders divide, it is the ‘customs’ that establish a connection between countries.

 

AWARDS & RECOGNITION

Assam government to confer 'Asom Baibhav Award' to Ratan Tata

  • The government of Assam has conferred its highest civilian award ‘Assam Baibhav’ on Industrialist Ratan Tata. Assam governor Jagdish Mukhi conferred the award to the former chairman of Tata Sons. The Assam government conferred ‘Asom Baibhav’ to Ratan Tata for his contribution to setting up cancer treatment facilities in the state.
  • Assam Saurav award was conferred on Professor Dipak Chand Jain, Lovlina Borgohain, Professor Kamalendu Deb Krori, Dr Lakshmanan S, and Neel Pawan Baruah.
  • Assam Gaurav award was conferred on Manoj Kumar Basumatary, Munindra Nath Ngatey, Dharanidhar Boro, Hemoprabha Chutia, Dr Basanta Hazarika, Kaushik Baruah, Khorsing Terang, Akash Jyoti Gogoi, Namita Kalita, Dr Asif Iqbal, Kalpana Boro, Boby Hazarika, and Bormita Momin.

 

BANKING AND ECONOMIC

City Union Bank launches debit card in fitness watch with GOQii

  • City Union Bank in association with smart-tech-enabled preventive healthcare platform GOQii and powered by the National Payments Corporation of India (NPCI), has launched a wearable payment solution called CUB fitness watch debit card. Customers need to hold this wristwatch in front of the PoS device during payment like tapping the card on PoS. For payments above Rs 5,000, customers need to tap and enter their PIN. The introductory price of a smartwatch debit card is Rs 3,499, as compared to an actual cost of Rs 6,499).
  • Customers can set limits for their payments using Net / Mobile Banking. Payments made using this Debit Card in a Fitness Watch are safe and secure, the bank said in a statement. For each transaction done using the watch, SMS will be sent to the registered mobile number. Customers can raise a request for the Fitness Watch Debit Card through Net banking/ Mobile banking. Usage of wristwatches can be managed by customers on their own through CUB All in One Mobile App.

 

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Important Current Affairs 27th January 2022

 

INTERNATIONAL

Russia delivers all the contracted 70,000 AK-203 to India

  • Russia delivered all the contracted 70,000 AK-203 Kalashnikov assault rifles to the Indian Armed Forces. The Indian Armed Forces had placed an order for 670,000 rifles, for which the contract was signed on December 06, 2021, between India and Kalashnikov (Russian defence manufacturing unit). The total cost of the contract is around Rs 5,124 crore. The contract included procuring 70,000 rifles off the shelf.
  • The remaining 600,000 rifles will be manufactured by an Indo-Russian joint venture company, Indo-Russia Rifles Private Limited (IRRPL), based at Amethi, Uttar Pradesh India under transfer of technology (ToT). [at Korwa Rifle Factory, Amethi]. The lightweight AK-203 Rifles will replace the military’s in-service INSAS (Indian Small Arms System) Rifle.

 

Iran, Russia and China begin naval drill

  • The Russian, Chinese and Iranian navies undertook naval exercises CHIRU-2Q22 in the Gulf of Oman. The maritime drills conducted in the northern parts of the Indian Ocean aimed at deepening practical cooperation among the navies of the three countries. The participants practised various tactics and operations, such as rescuing ablaze vessels, saving hijacked vessels, shooting at targets, nocturnal shooting at aerial targets, and other tactical manoeuvres as a part of the drill. At least 140 warships and over 60 aircraft with nearly 10,000 military personnel would be taking part in the military exercises.

                      

Apple Retains Most Valuable Brand Title in 2022

  • Apple has retained its position as the most valuable brand in 2022 as well, according to the Brand Finance 2022 Global 500 report. The brand valuation of Apple was recorded at $355.1 billion in 2022, which is an increase of 35% from last year. This is the highest brand value ever recorded in the Brand Finance Global 500 ranking history.
  • TikTok (18th) has been named the world’s fastest-growing brand in the list. Its brand value increased from US$18.7 billion in 2021 to US$59.0 billion in 2022.
  • Tech remained the most valuable industry in the list in terms of sector. This was followed by Retail, Banking, Media and Telecoms in top 5 respectively.

 

NATIONAL

Indian Navy conducts 20-day joint maritime exercise at Arabian Sea

  • Western Naval Command of the Indian Navy conducted a joint maritime exercise Paschim Lehar (XPL-2022) off the West Coast which concluded. The exercise continued for 20 days and was conducted with an aim to enhance Inter-Service synergy among the Indian Navy, IAF, Indian Army and Coast Guard. The Western Naval Command (HQ- Mumbai) is one of the three command-level formations of the Indian Navy. The other two are Eastern Naval Command (HQ- Visakhapatnam) and Southern Naval Command (HQ- Kochi).
  • A variety of weapon firings in a realistic tactical scenario, besides validation of operational missions and tasks under varying settings, were undertaken during the exercise. The exercise provided all participating forces an opportunity to operate together under realistic conditions, in responding to contemporary maritime challenges, across the areas of the Command’s responsibility.

 

Rajasthan set to get its fourth tiger reserve

  • Ramgarh Vishdhari Wildlife Sanctuary, which is among the proposed five sites in the country, is expected to be formally notified as tiger reserve (TR) soon before the Global Tiger Summit, which is to be held at Vladivostok, Russia. The Centre also announced the development during the 4th Asia ministerial conference on tiger conservation. The Centre has already given its approval of granting tiger reserve status to Ramgarh Vishdhari Wildlife Sanctuary, along with MM Hills in Karnataka, Guru Ghasidas National Park in Chhattisgarh.
  • The Ramgarh Vishdhari Sanctuary will be spread across 1,071 sq kms. A 302 Sq Km area in the proposed tiger sanctuary will be left as critical habitat for Tigers and the rest of the area will act as a buffer zone for the Ranthambore National Park.
  • Ramgarh Vishdhari Wildlife Sanctuary was established in 1982. The core areas of the sanctuary have 8 villages and are home to large numbers of wild animals like sambhars, caracals, wild boars, nilgai, and striped Hyena.

 

IMPORTANT DAYS

International Holocaust Remembrance Day 2022: 27th January

  • International Day of Commemoration in memory of the victims of the Holocaust (International Holocaust Remembrance Day) is observed on 27 January. In 2022, the theme guiding the United Nations Holocaust remembrance and education is “Memory, Dignity and Justice”. The objective of the day is to commemorate the anniversary of the tragedy of the Holocaust that occurred during the Second World War.
  • A genocide occurred during World War II in which Nazi Germany, aided by its collaborators, systematically murdered some six million European Jews, around two-thirds of the Jewish population of Europe, between 1941 and 1945. United Nations designated the day in 2005 to serve as a date for official commemoration of the victims of the Nazi regime and to promote Holocaust education throughout the world.

 

RANKING

India ranks 85th out of 180 countries in Corruption Perceptions Index

  • Transparency International has released the Corruption Perceptions Index (CPI) 2021 in which India has been ranked at 85th spot (Score of 40). The ranking has been topped jointly by three countries- Denmark, Finland and New Zealand (Score of 88). This ranking measures how corrupt each country’s public sector is perceived to be. The results are given on a scale of 0 (highly corrupt) to 100 (very clean). 180 countries are ranked in it.
  • Last year (for 2020) India was ranked 86th with a score of 40. This year’s Corruption Perceptions Index (CPI) reveals that corruption levels are at a worldwide standstill. The global average remains unchanged for the tenth year in a row, at just 43 out of 100 points.

 

BANKING AND ECONOMIC

Government approves PMC Bank merger with Unity Small Finance Bank

  • The Government of India has sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd with Unity Small Finance Bank Ltd. This means that from January 25, 2022 all the branches of the PMC Bank will function as branches of Unity Small Finance Bank Ltd. Unity Small Finance Bank Limited is promoted by Centrum Financial Services Limited along with Resilient Innovation Private Limited. Both the promoters have infused capital of Rs 1105.10 crore in the bank.
  • After the amalgamation of PMC Bank with Unity SFB, Unity SFB will pay the customers of PMC Bank the amount it receives from DICGC (maximum up to amount insured by DICGC i.e Rs 5 Lakh) in instalments of 10 years. Section 45 of the Banking Regulation Act, 1949 empowers the Reserve Bank of India to prepare a scheme of reconstruction or amalgamation of banking companies (which include co-operative banks).

 

IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

  • The International Monetary Fund (IMF) has cut India’s economic growth forecast for the current fiscal 2021-22 (FY22) to 9 per cent, in its latest world economic outlook report. Earlier this was estimated at 9.5%. IMF has projected the growth forecast for India in 2022-23 (FY23) at 7.1% IMF has projected the global growth rate in 2022 to 4.4%, and in 2023 to 3.8%.
  • According to the IMF, India’s prospects for 2023 are marked up on expected improvements to credit growth and, subsequently, investment and consumption, building on the better-than-anticipated performance of the financial sector. A revised assumption removing the Build Back Better fiscal policy package from the baseline, earlier withdrawal of monetary accommodation, and continued supply shortages produced a downward 1.2 percentage-point revision for the United States.

 

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