DAILY CURRENT AFFAIRS 29-11-2022

Shankar School of Banking November 29 , 2022 373

NATIONAL NEWS

Global Technology Summit

  • The 7th edition of Global Technology Summit will be held in New Delhi in a hybrid format from 29 November to 01 December 2022.

  • The Summit which focuses on Geotechnology will be co-hosted by the Ministry of External Affairs and Carnegie India.

  • Geotechnology is the use of scientific study and methods in activities related to the earth, rocks, and soil, especially to the earth's mineral resources such as oil and metals.
  • The theme for the year Summit 2022 is ‘Geopolitics of Technology’.

Har Ghar Gangajal Project in Rajgir

  • Bihar Chief Minister Nitish Kumar on 27 November 2022 launched the Har Ghar Gangajal project in Rajgir.

  • This is a unique initiative to make Ganga water available through taps in the dry areas of the state.

  • The scheme will help to harvest the excess water of the Ganga during the monsoon season.

  • The water will be stored in reservoirs in Rajgir and Gaya before being channeled to three treatment-and-purification plants, from where it will be supplied to the public.

  • Har Ghar Gangajal is part of the Bihar government’s Jal, Jeevan, Hariyali scheme.

India Creates Panel to Redesign the Government Job Guarantee Program

  • The Union Rural Development Ministry of India has established a panel to restructure its job guarantee program in the hopes of distributing more work to the nation’s poorer regions.
  • As India’s rural communities recovered from the epidemic amid skyrocketing prices and few non-farms job possibilities, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGA) was in high demand.
  • The panel would offer institutional mechanisms, such as governance and administrative structures for more efficient use of finances, particularly to alleviate poverty.
  • The panel will study spending patterns across several states and pinpoint the causes of variances in its report, which is to be submitted by January.

AMLAN, Mission to Eradicate Anaemia

  • Odisha Chief Minister Shri Naveen Patnaik launched AMLAN (Anaemia Mukta Lakhya Abhiyan) a multi-pronged approach in a bid to ensure the complete eradication of the anaemia problem among women and children in Odisha.
  • Several departments including Health and Family Welfare, School and Mass Education, Women and Child Development, Mission Shakti and Scheduled Tribes (ST) and Scheduled Castes (SC) Development Department will carry out the program.
  • The program will benefit about 37 Crore people, which includes pregnant women, lactating mothers, women of reproductive age group, adolescents and children.

 

INTERNATIONAL NEWS

Joint Military Exercise ‘Harimau Shakti -2022’

  • India - Malaysia joint military Exercise ‘Harimau Shakti -2022’ commenced at Pulai, Kluang, Malaysia on 28 November 2022.

  • Combat-experienced troops of the GARHWAL RIFLES Regiment of the Indian Army and the Royal Malay Regiment of the Malaysian Army will participate in the exercise.

  • It is an annual training event between the Indian and Malaysian Army which has been conducted since 2012.

  • The exercise will raise the level of defence cooperation between the Indian Army and the Malaysian Army, which in turn will further boost bilateral relations between the two countries.

 

BANKING

HDFC Bank Partners with Flywire

  • HDFC Bank Limited has partnered with Flywire Corporation, a global payments enablement and software company to help Indian payers to easily pay international education fees to higher education institutions digitally.

  • The collaboration between HDFC Bank and Flywire offers a new method to international education payments that benefits both students and

  • The connection enables a smooth and digital payment experience.

  • HDFC Bank works directly with Flywire’s platform, giving Indian students a fully digital checkout experience for everything from application fees to tuition payments.

Federal Bank Launches NRE Deposits with Higher Interest Rates

  • Federal Bank launched a deposit scheme for Non-Resident Indians (NRIs) titled ‘Deposit Plus’, which offers higher interest than the existing Non-Residential External (NRE) NRE fixed deposits.
  • The maximum interest rate offered in this scheme is 50 percent for a tenure of 700 days.
  • The interest accrued on this scheme will be added to the principal (reinvestment plan) on a quarterly basis.
  • Customers have the option of availing loans up to 75% of the deposit amount in the event funds are required prior to maturity.

Bank Of Baroda Opens Mid-Corporate Branch

  • Bank of Baroda (BoB) has opened its first mid-corporate Branch in Kerala at Kochi.
  • The key focus of the mid corporate branch is to increase corporate book size and income to improve turnaround time (TAT) for corporate proposals and provide enhanced service to corporate customers
  • The branch will cater to mid-corporate, large corporate, and PSU borrowers and provide corporate loans, trade finance, forex and cash management services.
  • The branch was inaugurated by Debadatta Chand, Executive Director in the presence of Rengarajan, GM (Head – Mid Corporate Cluster South) and Sreejith Kottarathil, Zonal Head-Ernakulam.

India’s 1st Sticker-Based Debit Card – FIRSTAP

  • IDFC First Bank in association with the National Payments Corporation of India (NPCI) has introduced FIRSTAP, India’s first sticker-based debit card.

  • It is to permit transactions by simply tapping the sticker on a point-of-sale terminal that supports Near Field Communication (NFC).

  • This IDFC FIRST Bank Sticker debit card has a complimentary personal accidental cover, round-the-clock services and a variety of RuPay offers.

  • The debit card is one-third the size of a regular debit card.

  • Customers can affix the Sticker-based Debit Card on any surface of their choice, such as cell phones, identity cards, wallets, tabs and AirPods cases.

 

AWARDS & PRIZES

UNESCO Award for Cultural Heritage Conservation

  • Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) Mumbai was conferred with the ‘Award of Excellence’ at the United Nations Educational, Scientific and Cultural Organisation (UNESCO) Asia-Pacific Awards for Cultural Heritage Conservation-2022.
  • The UNESCO Asia-Pacific Awards for Cultural Heritage Conservation is supported by a partnership between UNESCO and Ng Teng Fong Charitable Foundation since 2021.
  • Chhatrapati Shivaji Maharaj Vastu Sangrahalaya was established as the Prince of Wales Museum of Western India in 1922.

 

APPOINTMENTS & RESIGNATIONS

First Woman President of the Indian Olympic Association

  • High-flying PT Usha is all set to become the first woman president of the Indian Olympic Association (IOA), as she has emerged as the only candidate in the election for the post to be held on 10 December 2022.

  • PT Usha has won the Asian Games gold medal. At the same time, in the 1984 Olympics, she finished fourth in the final of the 400 meters hurdles.

  • She is currently the committee head of the Pratibha Sangh of India. This committee conducts national level Indian Talent Olympiad exams in schools all over India.

  • Ajay Patel of National Rifle Association of India (NRAI) is set to be the senior vice-president as he is also the lone candidate for the post.

 

BOOKS & AUTHORS

Book Named ‘India: The Mother of Democracy’

  • Union Education and Skill Development Minister Shri Dharmendra Pradhan launched the book ‘India: The Mother of Democracy,’ which was prepared and published by the Indian Council of Historical Research (ICHR).

  • The book is an attempt to highlight the democratic attitude that has been instilled in India since the birth of civilization.

  • This book demonstrates that India has been permeated with democratic ethos since the dawn of civilization.

  • According to the Minister, the foundations of democracy may be traced back to the fourth century in India.

  • In his address to the 76th United Nations General Assembly, Prime Minister Shri Narendra Modi stated that India is not only the oldest democracy but also the mother of democracy.

 

 

 

 

 

 

 

 

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