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Friday, December 31, 2021

Daily GK Update- 31st Dec, 2021

 

NATIONAL UPDATES:

 

1. Tamil Nadu CM launched ‘Meendum Manjappai’ scheme: Tamil Nadu Chief Minister M.K. Stalin has launched the ‘Meendum Manjappai’ scheme to promote the use of cloth bags by the public and discourage the use of plastic bags. This awareness campaign on using ‘yellow’ cloth bag or ‘manjapai’ as it is called in Tamil, is aimed at encouraging the people to return to the use of this eco-friendly bag and discard the plastic bags. The state government had enforced a ban on the production, use, storage, distribution, transportation or sale of 14 types of plastics with effect from January 1, 2019.

A government committee has identified the single-use plastic (SUP) items to be banned based on an index of their utility and environmental impact. It has proposed a three-stage ban:

(1) The first category of SUP items proposed to be phased out are plastic sticks used in balloons, flags, candy, ice cream and earbuds, and thermocol that is used in decorations.

(2) The second category proposed to be banned from July 1, 2022, includes items such as plates, cups, glasses and cutlery such as forks, spoons, knives, straws, trays; wrapping and packing films used in sweet boxes; invitation cards; cigarette packets; stirrers and plastic banners that are less than 100 microns in thickness.

(3) The third category of prohibition is for non-woven bags below 240 microns in thickness. This is proposed to start from September next year.

 

2. Rajnath Singh inaugurates Brahmos missile manufacturing unit in Lucknow: Defence Minister Rajnath Singh has laid the foundation stone of the BrahMos Aerospace cruise missile manufacturing unit in Lucknow. He also laid the foundation of DRDO Defence Technology and Test Centre in Lucknow. BrahMos Project will help in creating 5,500 fresh job opportunities.

About the BrahMos Missile:

(1) BrahMos is a joint venture between the Defence Research and Development Organisation (DRDO) of India and the NPOM of Russia. BrahMos missile derives its name from the Brahmaputra river of India and the Moskva river of Russia.

(2) All the three wings of the Indian defence forces have already inducted the BrahMos advanced weapon system.

(3) Recently, India successfully test-fired the air version of the BrahMos supersonic cruise missile from the integrated test range of Chandipur.

Note: Uttar Pradesh Capital: Lucknow; Uttar Pradesh Chief Minister: Yogi Adityanath; Uttar Pradesh Governor: Anandiben Patel.

 

3. For Now, Covaxin Likely to Be Only Covid Vaccine Available for Children of 15-18 Years: Report: Bharat Biotech’s Covaxin is likely to be the only Covid-19 vaccine available, for now, for children in the age group of 15-18 years, who will be inoculated from January 3, official sources said. Also, healthcare and frontline workers and citizens above 60 years of age with comorbidities would be administered the third dose of the same vaccine they had been given before. The decisions came amid rising Covid cases linked to the Omicron variant of the virus. The precaution dose will also be available for citizens above 60 years of age and with comorbidities on the advice of their doctor from January 10 next year as well.

 

4. Puducherry LG Dr Tamilisai Soundararajan inaugurates River Festival 2021: Puducherry Lieutenant Governor Dr Tamilisai Soundararajan inaugurated the River Festival 2021 at the villyanur Thirukanchi Temple. As a part of the Azadi Ka Amrit mahotsav, to celebrate India ‘s 75th year of independence, the Puducherry Tourism Department organised the Sankaraparani River Festival – 2021 in villianur commune – thirukanchi Gangai varaha Nadeeswarar temple. To create awareness on river rejuvenation and rainwater harvesting a cleaning camp was also organised along with sapling planting program at the Sankarabharani worship event.

 

INTERNATIONAL UPDATES:

 

1. Indian-origin judge appointed to South Africa’s highest judicial bench: Indian origin, Narandran ‘Jody’ Kollapen has been appointed to South Africa’s highest judicial bench, the Constitutional Court. The appointment of 64-year-old Kollapen & Rammaka Steven Mathopo as the latest additions to the Constitutional Court after a lengthy process of public interviews. Both will take office from January 1, 2022. President Cyril Ramaphosa announced the appointment of Rammaka Steven Mathopo and Kollapen to the Constitutional Court after lengthy public interviews.

About the Kollapen: Kollapen started his legal practice in 1982 and used to take up public interest cases. The Presidency said that the new appointees have an illustrious career in the judiciary and the legal profession. After becoming the National Director of Lawyers for Human Rights in 1995, he became the Commissioner of the South African Human rights Commission in 1997 and was a part of the Commission till 2009. Since then, Kollapen has worked with numerous NGOs and organizations and has spoken about Human Rights in universities like Harvard and also at the United Nations.

 

OTHER UPDATES:

 

SPORTS

 

1. Vijay Hazare Trophy 2021: Himachal Pradesh beats Tamil Nadu: Himachal Pradesh beat Tamil Nadu by 11 runs (VJD Method) in the final to win their maiden Vijay Hazare Trophy title, at the Sawai Mansingh Stadium, Jaipur. Batting first, Tamil Nadu posted a challenging total of 314 in 49.4 overs. In reply, Himachal were 299 for 4 in 47.3 overs when bad light stopped play and the chasing side were declared winners via the VJD (V Jayadevan rule) method.

Shubham Arora’s unbeaten century and his 148-run stand with Amit Kumar (74) for the fourth wicket powered Himachal Pradesh to their first-ever Indian domestic title win, Vijay Hazare trophy 2021-22 final.

 

2. Pankaj Advani won National Billiards Title 2021: Pankaj Advani has defended his National Billiards Title by winning his 11th tournament, after defeating his PSPB teammate Dhruv Sitwala in a 5-2 game final that was held in Bhopal, Madhya Pradesh. He represented the Petroleum Sports Promotion Board (PSPB) team in the National Billiards Championship. The 88th National Billiards and Snooker Championships 2021, organised by Cue Sports India at Bhopal, MP.

 

BANKING AND FINANCE

 

1. Tokenisation RBI: Extends card tokenisation deadline till June 2022: Reserve Bank of India (RBI) has extended the card-on-file (CoF) tokenization deadline by 6 months i.e., to June 30, 2022. Earlier the deadline was fixed till December 31, 2021. In March 2020, RBI had issued guidelines for the regulation of payment aggregators and payment gateways, prohibiting payment aggregators and merchants to store customer card credentials within their database or server from 30 June 2021. In September 2021, RBI extended the scope of tokenization from device-based tokenization to CoF tokenization services and barred merchants from storing actual card data while online transactions. RBI has fixed the deadline for card tokenization to January 1, 2022.

 

2. Paytm Payments Bank tie-up with MoneyGram to enable international fund transfer: Paytm Payments Bank has partnered with MoneyGram, a peer-to-peer remittance company to enable international fund transfer directly to Paytm Wallet. Under the Partnership, MoneyGram users abroad can now transfer money to any full Know Your Customer (KYC)-compliant Paytm wallet. MoneyGram transactions in India received digitally stands at nearly 50 per cent of all transactions received in the country. This is MoneyGram’s first mobile wallet partnership in India.

About the MoneyGram: MoneyGram transactions in India received digitally currently represent nearly 50 per cent of all transactions received in the country. The number of transactions sent directly to bank accounts is up about six times from just under 10 per cent two short years ago.

Note: Paytm Payments Bank Founded: 2015; Paytm Payments Bank Headquarters: Noida, UP; Paytm Payments Bank Founder & CEO:  Vijay Shekhar Sharma.

 

BUSINESS AND ECONOMY

 

1. SIDBI signs MoU to develop MSME ecosystem in West Bengal: SIDBI has signed a memorandum of understanding with the government of West Bengal to develop the MSME ecosystem in the state, a SIDBI official said. As per the MoU a project management unit (PMU) of SIDBI will work with the state government. The PMU will support the West Bengal government in making necessary interventions for focused engagement of SIDBI with the objective of facilitating development of the MSME ecosystem.

 

2. Kamlesh Gandhi named new Co-Chairman of FIDC: Finance Industry Development Council (FIDC) has announced fresh appointments to its board of directors. Kamlesh Gandhi, CMD of MAS Financial Services has been appointed as Co-Chairman, FIDC in addition to Umesh Revankar, CEO and MD of Shriram Transport Finance Group. Sanjay Chamria has resigned as the Co-Chairman and Director, FIDC.

Finance Industry Development Council (FIDC), which is a representative body of asset and loan financing NBFCs, has announced fresh appointments to its board of directors. Dinanath Dubhashi, MD and CEO, L&T Finance Holdings has been appointed as an additional Director of FIDC. The appointments were approved at a board meeting of FIDC on December 21.

Note: FIDC was formed in 2004; FIDC is Headquartered in Mumbai.

 

AWARDS AND HONOURS

 

1. Federal Bank & Vayana Network won the ‘Most Effective Bank-Fintech Partnership’ award: Vayana Network, one of India’s largest trade finance platforms, and Federal Bank, a leading Private Sector Bank have been awarded the ‘Most Effective Bank-Fintech Partnership: Agile and Adaptable’ at the IBSi-Global Fintech Innovation Awards 2021. The award was conferred in recognition of Vayana Network’s partnership with Federal Bank, for automating and simplifying Supply Chain Finance. This year, the Innovation Awards attracted global attention with over 190 participants from 48 countries.

About the partnership: Federal Bank partnered with Vayana Network to provide a seamless onboarding experience to dealers through their unique ‘Full Stack’ tech infrastructure – that facilitates end to end digital solution including client supply chain account set up, monitoring, digital authentication of documents on the transaction platform and notification to customers at every step.

Note: Federal Bank Headquarters: Aluva, Kerala; Federal Bank MD & CEO: Shyam Srinivasan; Federal Bank Tagline: Your Perfect Banking Partner.

 

DEFENCE

 

1. ASIGMA: Indian Army launched in-house messaging app: Indian Army has launched a contemporary messaging application named ‘ASIGMA’ (Army Secure IndiGeneous Messaging Application). It is a new generation web-based application developed entirely in-house by a team of officers of the Corps of Signals of the Army. It works as an alternative to Army Wide Area Network (AWAN) messaging application which has been in service for the past 15 years. The application has been sent out on Army-owned hardware and will cater to the army from this time forward, lending itself to lifetime support with future upgrades.

Why Indian Army launch this app?

The messaging application is designed to meet all futuristic requirements for the army and boasts of an enhanced user experience. It comes with a variety of contemporary features including multi-level security, dynamic global address book, message prioritisation, and tracking, and options to meet the requirements of the army at present. This future-ready messaging application will meet the real-time data transfer and messaging requirements of the Army, especially in the backdrop of the current geopolitical security environment. ASIGMA has been developed in line with the Government of India’s, Make in India initiative.

Note: Chief of the Army Staff: Manoj Mukund Naravane.

 

2. Indian Navy decommissioned INS Khukri after 32 years: INS Khukri (Pennant number 49), the first indigenously built Missile Corvette, was decommissioned after 32 years of service at Visakhapatnam, Andhra Pradesh. The warship was built by the Mazagon Dock Shipbuilders (MSD) and commissioned on 23rd August 1989 and had been part of both the Western and Eastern Fleets. The ship was commissioned in Mumbai by Shri Krishna Chandra Pant, the then Raksha Mantri and Mrs Sudha Mulla, wife of late Capt Mahendra Nath Mulla. Commander (now Retired Vice Admiral) Sanjeev Bhasin was the first Commanding Officer.

Note: Chief of Naval Staff: Admiral R Hari Kumar; Indian Navy Founded: 26 January 1950.

 

OBITUARIES

 

1. South African campaigner Archbishop Desmond Tutu passes away: Archbishop Desmond Tutu, Nobel Peace Prize laureate and veteran of South Africa`s struggle against white minority rule, has died aged 90. He was awarded Nobel Peace Prize in 1984 for his non-violent opposition to apartheid. A decade later, he witnessed the ends of that regime and he chaired a Truth and Reconciliation Commission, set up to unearth atrocities committed during those dark days.

 

2. Former England Test Captain Ray Illingworth passes away: Former England captain, Ray Illingworth has passed away. He played 61 Tests for England between 1958 and 1973 and captained the country 31 times, winning 12 matches and an Ashes series in Australia in 1970. He was an all-rounder who scored 1,836 Test runs at an average of 23.24 and claimed 122 wickets with his off-spin bowling at 31.20. He was chairman of the England selectors between 1993 and 1996 and coached the team in 1995-96.

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