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CURRENT AFFAIRS: NATIONAL NEWS
Giriraj Singh has launched Ombudsperson App for Mahatma Gandhi NREGA:
- Union Minister for Rural Development and Panchayati Raj, Giriraj Singh has launched Ombudsperson App for Mahatma Gandhi NREGA.
- Ministry of Rural Development has developed an Ombudsperson App for smooth reporting and categorization of grievances by Ombudsperson based on complaints he received from various sources.
Expected Questions:
Who introduced NREGA?
P.V. Narasimha Rao
Who is the Secretary of education Ministry?
Kapila C.K. Perera
Related News:
- Union Minister for Rural Development and Panchayati Raj Shri Giriraj Singh has launched the PMAYG Dashboard for stringent monitoring of the implementation of the scheme.
- The dashboard will be used by the Stakeholders of PMAYG for monitoring and managerial purpose.
The/Nudge Foundation, Ashirvad pipes, GoI announces The/Nudge Prize Ashirvad water challenge:
- The/Nudge Foundation in partnership with plumbing brand Ashirvad Pipes and the office of the principal scientific adviser to the government has announced a prize worth a sum of Rs 2.5 crore for innovators working towards access to clean drinking water.
Expected Question:
Who is the Principal Scientific Adviser to the Government of India?
K Vijay Raghavan
Related News:
Nabard sanctions Rs 254 crore for drinking water projects in Odisha:
- Nabard has sanctioned Rs 254 crore to Odisha under Rural Infrastructure Development Fund (RIDF) for setting up of two mega piped drinking water supply projects
- These projects are expected to provide clean and safe drinking water to 8.78 lakh rural population across 1.37 lakh household in 565 villages of the state on completion.
Health Minister Mansukh Mandaviya has launched National Polio Immunization Drive for 2022:
- Union Health Minister Mansukh Mandaviya has launched the National Polio Immunization Drive for 2022 by administering polio drops to children below five years of age in New Delhi.
- The health minister encouraged family members and NGOs to come forward in order to give polio drops to children below the age of 5 years.
Expected Question:
When National Immunization Day is celebrated every year?
March 16.
When was Universal Immunization Programme (UIP) launched?
The Government of India in 1985.
Recent News
- Chemicals and Fertilisers Minister Mansukh Mandaviya, planning to bring production linked incentive (PLI) scheme for the chemical sector to boost domestic production and exports.
- The government has launched PLI schemes for different sectors to make Indian self-reliant.
CURRENT AFFAIRS: STATE NEWS
Mizoram CM Zoramthanga presents budget 2022-23 with an outlay of Rs 14,008.15 cr
- Mizoram Chief Minister Zoramthanga presented the annual budget of the state for the financial year 2022-2023 with a total outlay of Rs. 14,008.15 crore, which is Rs 2,859.26 crore higher than the budget estimate of 2021-2022.
- Out Of the total Rs 14,008.15 crore budget estimate, 28.57 percent (Rs 4,001.64 cr ) has been earmarked for capital expenditure, while the revenue expenditure accounts for 71.43 per cent (Rs 10,006.51 cr) of the total budget
- The chief minister also presented supplementary demands for grants for the financial year 2021-2022 amounting to Rs 6,025.44 crore.
- There is no proposal for levying new taxes or enhancing tax rates in the new budget.
- Revenue Receipt of 2022-23 is Rs 11,426.21 crore.
Aim :
- To maintain a revenue surplus of Rs 1,419.69 crore as the government will explore all potential avenues for increasing revenue income with the constitution of the Mizoram Resource Mobilisation Committee.
Expected Questions :
How much fund has been allocated for the implementation of Socio-Economic Development Policy (SEDP) for the fiscal 2022-2023?
Rs 700 Crore
Recent News :
- On March 01, 2021, Mizoram chief minister Zoramthanga presented the annual budget of the state for fiscal 2021-2022 with an outlay of 11,148.89 crore, which is Rs 433.89 crore higher than the budget estimate of 2020-2021.
- He also presented supplementary demands for grants for the financial year 2020-2021 amounting to Rs. 3,058.08 crore.
- There is no proposal for levying new taxes or enhancing tax rates in the new budget.
About Mizoram :
- Governor : Dr Hari Babu Kambhampati
- Capital: Aizawl
CURRENT AFFAIRS : BANKING & FINANCE
Union MSME Minister Narayan Rane launches Union Bank MSME RuPay Credit
- On February 25, 2022, Union Minister for Micro, Small & Medium Enterprises, Shri Narayan Rane launched the Union MSME RuPay Credit Card of Union Bank of India at the MSME Conclave being held in Sindhudurg district of Maharashtra.
- The card is being offered by Union Bank of India.
- It provides a simplified payment mechanism to MSMEs to meet their business-related operational expenses.
- The cards for MSMEs will be available to eligible borrowers of Union Bank of India.
Benefits :
- Anytime digital payments,
- Interest-free period
- Carry interest rate similar to the rate charged for loans
- Offers the EMI facility to the customers on their business-related purchases.
Expected Questions :
In association with which division Union Bank of India has launched Union MSME RuPay Credit Card?
National Payments Corporation of India (NPCI)
Headquarters of Union Bank located at?
Mumbai, Maharashtra
In which year the MSME Act was passed?
2006
Recent News :
- In March 2021, Union Bank of India launched UNI CARBON CARD, an HPCL co-branded credit card on the Rupay platform of NPCI.
- This card is a contactless Tap & Go and an NCMC card in line with Govt. of India’s directives.
- The card limit offered is 20% of gross Annual income with minimum of Rs 50,000/- with no upper limit.
About Union Bank of India :
- Founded : 11 November 1919
- MD & CEO : Rajkiran Rai G
About NPCI :
- Founded : 2008
- MD & CEO : Dilip Asbe
- Headquarters : Mumbai, Maharashtra
About Ministry of Micro,Small & Medium Enterprises :
- Cabinet Minister : Narayan Rane
- Minister of State : Bhanu Pratap Singh Verma
Brickwork Ratings : GDP growth likely to be around 8.3% in FY22
- According to Brickwork Ratings, revised downwards India’s GDP growth forecast to 8.3 percent in the current fiscal 2021-22 (FY22).
- Earlier the ratings agency had given a forecast of5 to 9 per cent for FY22.
- As per the advance estimate for FY22 released by the Ministry of Statistics and Programme Implementation (Mospi), the GDP is estimated to grow at 9.2% in real terms.
Expected Questions :
Where is Headquarters of Brickworks Ratings located ?
Bangalore, Karnataka
About Brickwork Ratings :
- Founded : 2007
- Brickwork Ratings is one of the seven Sebi-registered credit rating agencies (CRA).
RBI cancels registration certificate of P C Financial Services operating ‘Cashbean’ app
- The Reserve Bank of India (RBI) has canceled the certificate of registration issued to PC Financial, which carries out lending operations through an app called Cashbean.
- This is the first instance of regulatory action against an entity, due to a surge in complaints against usurious and unfair recovery practices being followed by several digital lenders.
- In exercise of the powers conferred under Section 45-IA (6) (iv) of the Reserve Bank of India Act, 1934.
Additional Info :
- The Directorate of Enforcement (ED) had seized bank/payment gateway funds worth Rs 288 crore belonging to PC Financial Services via three seizure orders issued under the provisions of the Foreign Exchange Management Act, 1999 (FEMA).
Expected Questions :
Where is the Headquarters of PC Financial Services Private limited located ?
Gurugram, Haryana
Recent News :
- On Feb 15, 2022, The RBI canceled the license of Mantha Urban Cooperative Bank Ltd., Mantha, District: Jalna, Maharashtra.
About RBI :
- Founded: 1 April 1935, Kolkata
- Governor: Shaktikanta Das
- Headquarters: Mumbai, Maharashtra, India
- Deputy Governors : Mahesh Kumar Jain, M. Rajeshwar Rao, Michael Patra and T. Rabi Shankar.
About PC Financial Services Private limited :
- Founded : 1995
NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant
- NHPC has inked a pact with HDFC bank to securitise return on equity (RoE) of its 540-MW (3 X 180 MW) Chamera-I Power Plant in Himachal Pradesh.
- The amount of the securitisation facility has been arrived at Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills.
Expected Questions :
For how many years NHPC has inked a pact with HDFC bank to securitise return on equity (RoE) of its 540-MW Chamera-I Power Plant in Himachal Pradesh?
10 Years
Where is the Headquarters of National Hydroelectric Power Corporation Limited located ?
Faridabad, Haryana
Who is the MD & CEO of HDFC Bank Limited?
Sashidhar Jagdishan
Recent News :
- In December 2021, NHPC’s board had approved the proposal for monetisation by securitisation through bidding process of return on equity (RoE) of Chamera-1 Power Station (3 X 180 MW), Himachal Pradesh.
- To monetise RoE of one or more power stations for 5 or 10 or 15 years in one go or rollover.
About National Hydroelectric Power Corporation Limited :
- Founded : 1975
- Chairman & Managing Director : Abhay Kumar Singh
- It comes under the ownership of the Ministry of Power, GoI.
About HDFC Bank Limited :
- Founded : 1994
- Chairman : Atanu Chakraborty
- Headquarters: Mumbai, Maharashtra
Star Health & South Indian Bank announce Bancassurance tie-up to offer Health Insurance
- South Indian Bank has joined hands with Star Health and Allied Insurance Co. Ltd., as a corporate agent to provide a slew of innovative health insurance products for the Bank’s more than 6.5 million customers spread over 923 branches across India.
- The strategic tie-up help us reach out to their customers and enable them to financially safeguard themselves from rising healthcare costs.
Expected Questions :
Who is the MD & CEO of South Indian Bank?
Mr. Murali Ramakrishnan
Which is India’s first standalone health insurance provider?
Star Health & Allied Insurance
Where is the Headquarters of Star Health and Allied Insurance Co. Ltd located ?
Chennai, Tamil Nadu
Recent News :
- At the 17th edition of the annual IBA Banking Technology Awards, the Kerala-headquartered South Indian Bank has bagged six awards, including Best Technology Bank of the Year.
- The IBA Awards celebrating Next Gen Banking has recognized technologies and practices in the banking industry that have demonstrated a high degree of innovation over in 2021.
About SIB :
- Headquarters: Thrissur, Kerala
- Chairman : Salim Gangadharan
About Star Health and Allied Insurance Co. Ltd :
- Founded : 2006
- CEO : V Jagannathan
- Managing Director : Mr. Anand Roy
CURRENT AFFAIRS: BUSINESS NEWS
SEBI extends deadline for client-level segregation of funds:
- The Securities and Exchange Board of India (Sebi) has extended the deadline for implementation of client level segregation of funds and monitoring of collateral at stock brokers to May 2.
- In July last year, the regulator came out with guidelines on client-level segregation amid instances of misuse of client collateral by brokers.
Expected Questions:
When was the previous deadline announced?
February 28
When did SEBI come into existence?
January 30, 1992
Related News:
Sebi revises disclosure format for abridged prospectus:
- The Securities and Exchange Board of India (Sebi) has revised the disclosure format for the abridged prospectus.
- It is aimed at simplifying and providing greater clarity and consistency in the disclosures across various documents and to provide additional but critical information in the abridged prospectus.
Ideal Finance rebrands itself to Mahindra Ideal Finance:
- Ideal Finance, a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), has announced the rebranding of its company name to Mahindra Ideal Finance (MIFL).
- This rebranding will form the bedrock on which the two joint venture partners (Mahindra Finance and Ideal Group) will build the vision of making Mahindra Ideal Finance one of the leading licensed finance companies
Mahindra Finance and Ideal Group will build the leading licensed finance companies (LFC) in which Country?
Sri Lanka.
The investment by Mahindra Finance has resulted in a strong recognition for the
company with a re-rating from Which ratings to AA – (Outlook Stable)?
Fitch ratings
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
D2H ropes cricketer Rishabh Pant as brand ambassador
- Dish TV India’s direct-to-home brand D2H has roped in Rishabh Pant as the new brand ambassador.
- Pant will feature in 360-degree brand communication for D2H for the next two years.
- In 2018 the DTH provider roped in Ranveer Singh to headline the marketing campaigns for Dish TV.
Expected Questions :
New brand ambassador of Dish TV India Rishabh Pant is related to which field?
Cricket
Headquarters of DishTV India Ltd located at?
Noida, Uttar Pradesh
Recent News :
- On Feb 2022, In the 15th Edition of ESPNcricinfo Awards, India’s wicketkeeper-batsman, Rishabh Pant wins the ‘Test Batting’ award by scoring 89 not out, helped India to win the Border Gavaskar Trophy 2021 by (2-1) and shattered Australia’s unbeaten record at Gabba after 32 years.
- Rishabh Pant was the top scorer of the series for the Indian team, scoring (274 runs)
About DishTV India Ltd :
- Founded : 2003
- CEO : Anil Dua
KS Mani elected director of NCDFI
- KS Mani has been elected to the Board of Directors of the National Cooperative Dairy Federation of India (NCDFI), the apex body of dairy and edible oil cooperatives in India.
About KS Mani :
- KS Mani Hailing from Palakkad district, Kerala.
- He is the President of the Ennapadam Milk Co-operative Society in Palakkad.
- He had served as the Southern Region Chairman of the Engineering Exports Promotion Council (EEPC) under the Union Commerce Ministry.
- K S Mani serves as the Chairman of the Malabar Regional Cooperative Milk Producers Union.
Awards & Honors :
- EEPCs Star Performer Award in 2010 and 2016
- Southern Regional Award in 2013.
Expected Questions :
Who is the Chairman of Kerala Cooperative Milk Marketing Federation?
KS Mani
Headquarters of Kerala Co-operative Milk Marketing Federation located at?
Thiruvananthapuram, Kerala
Headquarters of NCDFI located at?
Anand, Gujarat
About NCDFI :
- Established : 1970
- It has 19 Regular Members, 13 Associate Members and National Dairy Development Board (NDDB) as its Institutional Member.
- Associated with NCDFI are 27 state milk federations, 223 district unions, 1.96 lakh village-level societies and 173 lakh dairy farmers.
About KCMMF :
- Founded : 1980
- It is known popularly by the brand name Milma.
CURRENT AFFAIRS : MOU & AGREEMENTS
MoD signs Rs 1,075 crore contract with BEL for retro-modification of commander sight in battle tanks
- The Ministry of Defence inked a contract of Rs 1,075 crore with Bharat Electronics Limited (BEL) for retro-modification of commander sight in 957 T-90 battle tanks.
- Based on the requirement projected by the Indian Army, the Defence Research Development Organisation (DRDO) and BEL have jointly designed and developed an advanced mid wave thermal image (MWIR)-based sight as a replacement for the existing IC-based sight.
About MWIR :
- A thermal imager capable of detecting the targets at 8 km during day and night and a laser rangefinder (LRF) to find the ranges accurately up to 5 km.
Expected Questions :
Where is the Headquarters of Bharat Electronics Limited (BEL) located ?
Bangalore, Karnataka
Who is the chairman of Hindustan Aeronautics Limited?
R Madhavan
Recent News :
- On Feb 11, 2022, the Ministry of Defence inked a deal to design and develop High Altitude Pseudo Satellite (HAPS) with a Bengaluru-based firm.
- The deal will be mentored under the Defence Ministry’s Innovations for Defence Excellence (iDEX) initiative.
- The programme has been supported by the armed forces and will see state-owned aerospace firm Hindustan Aeronautics Limited (HAL) as the lead prototype development partner.
About MoD :
- Union Minister : Rajnath Singh
- Minister of State : Ajay Bhatt
About BEL :
- Establishment : 1954
- Chairman & MD : Anandi Ramalingam
- It has been granted Navratna status by the GoI.
CURRENT AFFAIRS : DEFENCE NEWS
3rd India-Japan joint exercise EX DHARMA GUARDIAN-2022 begins at Belagavi
- The 3rd edition of the joint military exercise EX DHARMA GUARDIAN-2022 between India and Japan will be conducted at Foreign Training Node, Belagavi (Belgaum, Karnataka) from 27 February 2022 to 10 March 2022.
- The 15th Battalion the MARATHA LIGHT INFANTRY Regiment of the Indian Army and 30th Infantry Regiment of Japanese Ground Self Defence Forces (JGSDF) are participating in the exercise.
- The 12 day joint exercise would enhance interoperability in planning & execution of various operations in jungle & semi urban/ urban terrain.
Expected Questions :
When was the first edition of the Dharma Guardian exercise held?
2018, Mizoram
About Japan :
- Prime minister: Fumio Kishida
- Capital: Tokyo
- Currency: Japanese yen
Indian Navy’s multilateral exercise Milan-2022
The latest edition of Indian Navy’s multilateral exercise MILAN 2022 is scheduled to commence from 25 Feb 2022 in Visakhapatnam, Andhra Pradesh.
MILAN 22 is being conducted over a duration of 9 days in two phases
Harbor phase scheduled from 25 to 28 February 2022 & Sea Phase from 01 to 04 March 2022.
To enhance operational skills, imbibe best practices and procedures, and enable doctrinal learning in the maritime domain, through professional interaction between friendly navies.
Expected Questions :
What is the Theme of MILAN 2022 exercise?
Camaraderie Cohesion Collaboration
Which city is known as City of Destiny?
Visakhapatnam
In which year, MILAN exercise was launched by the Indian Navy?
1995 at Andaman and Nicobar Command
CURRENT AFFAIRS : RANKING & INDEX
India ranks 43rd in 2022 USCC – GIPC’s International Intellectual Property Index – USA Tops
- India has been ranked at 43rd in the 2022 International Intellectual property (IP) Index released by the Global Innovation Policy Center of the U.S. Chamber of Commerce out of 55 countries.
- India’s overall score has increased from 38.40 percent (19.20 out of 50) in the ninth edition to 38.64 percent (19.32 out of 50) in the 10th edition.
Top five countries :
- United States with a score of 95.48%
- United Kingdom – 94.14%
- Germany – 92.46%
- Sweden
- France
Expected Questions :
Where is the Headquarters of USCC located ?
Washington, D.C, United States
In 2022 the U.S. Chamber of Commerce Global Innovation Policy Center (GIPC) released which edition of the International IP Index?
10th edition
Recent Related News :
- In July 2021, the Parliamentary Standing Committee on Commerce released a Review of the Intellectual Property Rights Regime in India.
- This review offers a comprehensive and detailed study of the strengths and weaknesses of India’s national IP environment.
About USCC :
- Founded : April 22, 1912
- CEO : Suzanne P. Clark
CURRENT AFFAIRS: ACQUISITION AND MERGERS
Bharti Airtel to acquire 4.7% stake of Vodafone in Indus Towers:
- Bharti Airtel has decided to acquire an additional 4.7 per cent stake in Indus Towers from Vodafone Group, the company has announced.
- The two companies signed an agreement on the condition that Vodafone will use the proceeds to invest in Vodafone Idea (Vi) and the latter will clear its pending dues with Indus Towers.
With the acquisition, Airtels shareholding in Indus Towers will increase to what percent?
46.4 per cent.
Vodafone holds a 28.1 per cent stake in the company at present and its shareholding will reduce to how per cent?
21 percent
Bharti Airtel
- CEO: Gopal Vittal
- Founder: Sunil Bharti Mittal
- Founded: 7 July 1995, India.
Recent News:
Vodafone to sell 2.4% in Indus via block deal:
- UKs Vodafone Group Plc is planning to sell 2.4% stake in Indus Towers through a block deal and is also in talks with one of the tower companys largest shareholders to sell 4.7% more.
- It could raise up to Rs 4,300-4,400 crore through these stake stales and the funds will be infused into loss-making Vodafone Idea.
CURRENT AFFAIRS: SPORTS NEWS
Mirabai Chanu wins gold at Singapore Weightlifting International:
- Indian weightlifter and 2020 Tokyo Olympics silver-medallist, Mirabai Chanu has won the gold medal at the Singapore Weightlifting International 2022 on February 25, 2022.
- Chanu lifted 191kg (86kg+105kg) to stand on top of the podium.
Mirabai Chanu has won the gold medal under which category?
55kg
Chanu has qualified for the 2022 Commonwealth Games (CWG) in Birmingham for which Categories?
55kg and 49kg
Recent News:
Sports administrator Sahdev Yadav elected as president of Indian Weightlifting Federation:
- Veteran sports administrator Sahdev Yadav was unanimously elected as president of the Indian Weightlifting Federation (IWF) for a four-year term.
- Anand Gowde was elected as secretary-general of the federation and Naresh Sharma the treasurer during the electoral congress Annual General Council Meeting at a city hotel.
Odisha’s first tribal CM Hemananda Biswal passes away:
- Odishas first tribal chief minister as well as last Congress chief minister of the state, Hemananda Biswal passed away.
- He was 82.
Hemananda Biswal was elected to the Odisha assembly for the first time in 1974 from which constituency?
Laikera constituency
In which year he was elected as an MP from Sundargarh?
2009
Recent News:
- Odisha government and United Nations World Food Programme (WFP) have partnered to improve household food and nutritional security.
- Household food & nutritional security would be improved by strengthening livelihood initiatives & reaching out to state-supported Women’s Self-Help Groups (WSHGs).
Daily CA on Feb 27 & 28:
- Union Minister for Rural Development and Panchayati Raj, Giriraj Singh has launched Ombudsperson App for Mahatma Gandhi NREGA.
- The/Nudge Foundation in partnership with plumbing brand Ashirvad Pipes and the office of the principal scientific adviser to the government has announced a prize worth a sum of Rs 2.5 crore for innovators working towards access to clean drinking water.
- Union Health Minister Mansukh Mandaviya has launched the National Polio Immunization Drive for 2022 by administering polio drops to children below five years of age in New Delhi.
- Mizoram Chief Minister Zoramthanga presented the annual budget of the state for the financial year 2022-2023 with a total outlay of Rs. 14,008.15 crore, which is Rs 2,859.26 crore higher than the budget estimate of 2021-2022.
- On February 25, 2022, Union Minister for Micro, Small & Medium Enterprises, Shri Narayan Rane launched the Union MSME RuPay Credit Card of Union Bank of India at the MSME Conclave being held in Sindhudurg district of Maharashtra.
- According to Brickwork Ratings, revised downwards India’s GDP growth forecast to 8.3 percent in the current fiscal 2021-22 (FY22).
- The Reserve Bank of India (RBI) has canceled the certificate of registration issued to PC Financial, which carries out lending operations through an app called Cashbean.
- NHPC has inked a pact with HDFC bank to securitise return on equity (RoE) of its 540-MW (3 X 180 MW) Chamera-I Power Plant in Himachal Pradesh.
- South Indian Bank has joined hands with Star Health and Allied Insurance Co. Ltd., as a corporate agent to provide a slew of innovative health insurance products for the Bank’s more than 6.5 million customers spread over 923 branches across India.
- The Securities and Exchange Board of India (Sebi) has extended the deadline for implementation of client level segregation of funds and monitoring of collateral at stock brokers to May 2.
- Ideal Finance, a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), has announced the rebranding of its company name to Mahindra Ideal Finance (MIFL).
- Dish TV India’s direct-to-home brand D2H has roped in Rishabh Pant as the new brand ambassador.
- KS Mani has been elected to the Board of Directors of the National Cooperative Dairy Federation of India (NCDFI), the apex body of dairy and edible oil cooperatives in India.
- The Ministry of Defence inked a contract of Rs 1,075 crore with Bharat Electronics Limited (BEL) for retro-modification of commander sight in 957 T-90 battle tanks.
- The 3rd edition of the joint military exercise EX DHARMA GUARDIAN-2022 between India and Japan will be conducted at Foreign Training Node, Belagavi (Belgaum, Karnataka) from 27 February 2022 to 10 March 2022.
- The latest edition of Indian Navys multilateral exercise MILAN 2022 is scheduled to commence from 25 Feb 2022 in Visakhapatnam, Andhra Pradesh.
- India has been ranked at 43rd in the 2022 International Intellectual property (IP) Index released by the Global Innovation Policy Center of the U.S. Chamber of Commerce out of 55 countries.
- Bharti Airtel has decided to acquire an additional 4.7 per cent stake in Indus Towers from Vodafone Group, the company has announced.
- Indian weightlifter and 2020 Tokyo Olympics silver-medallist, Mirabai Chanu has won the gold medal at the Singapore Weightlifting International 2022 on February 25, 2022.
- Odisha’s first tribal chief minister as well as last Congress chief minister of the state, Hemananda Biswal passed away.