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Monday, February 14, 2022

Daily GK Update- 14th Feb, 2022

 

NATIONAL UPDATES:

 

1. NABARD launched ‘JIVA Programme’ to promote natural farming: National Bank for Agriculture and Rural Development (NABARD) has launched the ‘JIVA programme’ to promote natural farming under its existing watershed and wadi programmes in 11 states. To effectively implement the principles of agroecology long-term sustainability and transform the pre-existing social and natural capital towards efficient farming.

JIVA is an agroecology-based programme, an amalgamation of several projects under the watershed programme of NABARD and will be implemented in 11 states covering five agroecological zones, which are in ecologically fragile and rain-fed areas.

Note: NABARD Formation: July 12, 1982; NABARD Headquarters: Mumbai; NABARD Chairman: Govinda Rajulu Chintala.

 

2. Government continued RYSK Scheme for another 5 years: The Central Government of India has decided to continue the scheme of “Rashtriya Yuva Sashaktikaran Karyakram (RYSK)” for another 5 years from 2021 -22 to 2025-26 with an outlay of Rs. 2,710.65 crore. To develop the personality and leadership qualities of the youth and to engage them in nation-building activities. Beneficiaries of this scheme are the youth in the age group of 15 to 29 years (according to the definition of ‘youth’ in the National Youth Policy, 2014).

 

3. World Book of Records: Atal Tunnel recognized as ‘Longest Highway Tunnel: Atal Tunnel has been officially certified as ‘World’s Longest Highway Tunnel above 10,000 Feet’ by the World Book of Records. Atal tunnel is a Highway tunnel built under Rohtang Pass in eastern Pir Panjal Himalayan range on Leh-Manali Highway. It is the longest highway single-tube tunnel above 10,000 feet in the world with a length of about 9.02 km. World Book of Records, UK is an organization that catalogues, verifies extraordinary records with authentic certification around the globe.

 

4. Surat to get India’s 1st bullet train station by Dec 2024: The Mumbai-Ahmedabad bullet train project will be India’s first bullet train route. While Surat city will get India’s first bullet train station. National High-Speed Rail Corporation Ltd (NHSRCL) will be constructing this project that is scheduled to be completed by December 2024. The cost of the project is estimated to be more than Rs 1 lakh crore of which Rs 88,000 crores will be funded by the Japan International Cooperation Agency (JICA). Of the 508.17-kilometre Mumbai-Ahmedabad bullet train project, 155.76 km is in Maharashtra, 384.04 km in Gujarat and 4.3 km in Dadra and Nagar Haveli.

 

5. Munishwar Nath Bhandari new Chief Justice of Madras High Court: According to the Law Ministry, Justice Munishwar Nath Bhandari has been appointed Chief Justice of the Madras High Court. Justice Bhandari had taken over as the Acting Chief Justice of the Madras High Court after the transfer of Justice Sanjib Banerjee to the Meghalaya High Court in November last year. The Law Ministry also notified the appointment of a total of 13 advocates and three judicial officers as judges of Andhra Pradesh, Orissa and Madhya Pradesh High Courts.

While three advocates each were appointed to the Orissa and Madhya Pradesh High Courts, seven advocates were elevated to the Andhra Pradesh High Court. Three judicial officers were appointed as judges of the Madhya Pradesh High Court.

 

6. A new book titled “India-Africa Relations: Changing Horizons” authored by Rajiv Bhatia: Ambassador Rajiv Kumar Bhatia, a Distinguished Fellow, Foreign Policy Studies Programme at Gateway House, has authored a new book (his 3rd book) titled “India-Africa Relations: Changing Horizons” which explores the emergence and assertion of Africa as a significant actor and stakeholder in global affairs and the transformation of the relationship between India and Africa. The book also provides a detailed exploration of India–the Africa partnership in all its critical dimensions. The book describes the historical backdrop and shared colonial past to focus on and contextualise the evolution of the India – Africa engagement.

 

7. FICCI CASCADE launches ‘Anti-Smuggling Day’ 2022: The FICCI’s Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE) has taken the initiative to launch Anti-Smuggling Day, which will be marked on 11 February every year. The inaugural Anti-Smuggling Day is being observed on February 11, 2022.

Significance of Anti-Smuggling Day:

(1) Anti-Smuggling Day will gather momentum and bring together policymakers, international institutions, enforcement agencies, industry members, media, and consumers for their commitment to take action to fight against the global menace of smuggling.

(2) ‘Anti-Smuggling Day’ will represent a major step in the fight against the global menace of smuggling.

(3) With no country immune to the impact of smuggling and no single sector can be said to be an exception, this day will highlight the mounting hazard of smuggling. It will not only call for attention for creating awareness on this issue, but will also evaluate what more needs to be done at a national and international level in mitigating this challenge.

Note: FICCI Founded: 1927; FICCI Headquarters: New Delhi; FICCI President: Sanjiv Mehta; FICCI Secretary General: Arun Chawla.

 

INTERNATIONAL UPDATES:

 

1. Paul-Henri Sandaogo Damiba named as interim President of Burkina Faso: In Burkina Faso, the military junta has appointed lieutenant colonel Paul-Henri Sandaogo Damiba as the interim President of the country following the military coup. The 2022 Burkina Faso military coup took place on January 24, 2022, which was led by Damiba. President Roch Marc Christian Kaboré and Prime Minister Lassina Zerbo were disposed from their position and the parliament, government and constitution were declared dissolved.

One of the world’s poorest and most volatile countries, Burkina Faso is struggling with a jihadist campaign that has claimed more than 2,000 lives and forced around 1.5 million to flee their homes. The country has been suspended from the West African bloc ECOWAS, although it escaped sanctions following last week’s restoration of the constitution.

Note: Burkina Faso Capital: Ouagadougou; Burkina Faso President: Roch Marc Christian Kaboré; Burkina Faso Currency: West African CFA franc.

 

2. Global Entrepreneurship Monitor 2021/2022 report: India ranked 4th: The Global Entrepreneurship Monitor (GEM) 2021/2022 report, unveiled at the Dubai Expo, India is among the top five easiest places to start a new business. The survey of Indian respondents, who answered questions on their entrepreneurial activity, attitudes to enterprise and view of their local entrepreneurial ecosystem, found that 82% think it is easy to start a business, placing India fourth globally. It was topped by Saudi Arabia and followed by Netherlands & Sweden.

India has topped amongst low-income economies (according to GDP per capita) on different Entrepreneurial Framework Conditions such as Entrepreneurial Finance, Ease of Access to Finance, Government Policy: Support and Relevance; and Government Support: Taxes and Bureaucracy; while Government Entrepreneurial Programmes was ranked second highest.

 

3. International Epilepsy Day 2022: 14th February: International Epilepsy Day is observed every year on the Second Monday of February across the world. In 2022, International Epilepsy Day falls on February 14, 2022. International Epilepsy Day seeks to raise awareness and educate the general public on the true facts about epilepsy and the urgent need for improved treatment, better care, and greater investment in research.

The day is organised jointly by the International Bureau for Epilepsy (IBE) and the International League Against Epilepsy (ILAE) to raise awareness about epilepsy and highlight the kinds of problems faced by victims, their friends and family. Epilepsy is a neurological disorder that makes a person go through sudden and recurrent episodes of sensory disturbances.

Note: International Bureau for Epilepsy President: Francesca Sofia; International Bureau for Epilepsy established: 1961.

 

OTHER UPDATES:

 

BANKING AND FINANCE

 

1. CBI finds India’s biggest bank fraud of Rs 22,842 cr, books ABG Shipyard: Central Bureau of Investigation (CBI) has booked ABG Shipyard for an alleged Rs 22,842-crore financial fraud. ABG Shipyard is the flagship entity of ABG Group. It has cheated a consortium of 28 banks and financial institutions of Rs. 22,842 crore. This is the biggest bank fraud case ever registered by the CBI. The case pertained to funds gotten and misused during the 2012-17 period. Rishi Agarwal, the then CMD of ABG Shipyard has been named in the FIR.

This consortium was led by ICICI Bank. Of this, ABG Shipyard owes Rs. 7,089 crore to ICICI Bank, Rs. 3,639 crores to IDBI Bank, Rs. 2,925 crores to State Bank, Rs. 1,614 crores to Bank of Baroda, and Rs. 1,244 crore to Punjab National Bank, among others. The Funds given by these banks were used by the executives of ABG Shipyard for purposes other than for which they were given and they were engaged in diversion of funds, misappropriation and criminal breach of trust. The same has been revealed in a report submitted by M/s. Ernst & Young LP.

Note: ABG Shipyard Headquarters: Mumbai; ABG Shipyard Founded: 1985.

 

BUSINESS AND ECONOMY

 

1. Paisabazaar & RBL bank tie-up to offer ‘Paisa on Demand’ credit card: Paisabazaar.com, a digital platform for consumer credit, has partnered with RBL Bank Limited to offer ‘Paisa on Demand’ (PoD), a credit card that will be exclusively available on the Paisabazaar platform. To build products that offer integrated services for the large under-served segments across India. This is the third product under Paisabazaar’s neo-lending strategy.

About the credit card: The credit card from RBL Bank will be lifetime free with a digital onboarding process. It provides options of availing of personal loans from RBL Bank, using the same credit limit at normal personal loan rates to customers. Along with features of a credit card, the product will provide customers the option of availing personal loans from RBL Bank, using the same credit limit at normal personal loan rates.

Note: Paisabazaar.com Headquarters: Gurugram, Haryana; Paisabazaar.com CEO & Co-founder: Naveen Kukreja.

 

DEFENCE

 

1. Singapore Air Show 2022: IAF to display Light Combat Aircraft (LCA) Tejas: The 44-member contingents of the Indian Air Force (IAF) has reached the Changi International Airport in Singapore on February 12, 2022, to participate in the ‘Singapore Air Show-2022’, which is scheduled to be held from February 15 to 18, 2022. Singapore Air Show is a biennial event that provides a platform for the Global Aviation Industry to showcase its products.

About Tejas:

(1) The IAF will showcase its indigenous Tejas MK-I ac during the event. It will also interact with counterparts from RSAF (Royal Singapore Air Force) & other participating contingents.

(2) The Light Combat Aircraft (LCA) Tejas will display low-level aerobatics to showcase its superior handling characteristics and manoeuvrability.

 

2. Indian army conducted Hackathon named “Sainya Ranakshetram”: Indian army has conducted a first-of-its-kind Hackathon named “Sainya Ranakshetram”. The hackathon was conducted in the Military College of Telecommunication Engineering (MCTE), Mhow under the overall guidance of the Shimla-based Army Training Command (ARTRAC), one of the seven commands of the Indian Army.

Key points of the event:

(1) The event was conducted from 01 October 2021 to 31 December 2021 under the name of “Sainya Ranakshetram”, in collaboration with the Rashtriya Raksha University.

(2) The virtual event witnessed the participation of over 15,000 participants and comprised a number of challenges based on Secure Coding, Software Defined Radio exploitation and Cyber Offensive skills. Further, the main highlights of the event included participants competing with each other in cyberspace against simulated threats.

(3) Additionally, the event also hosted a plethora of training sessions and sessions by experts for the participants. Cyber enthusiasts from across India were the cynosure in the entire event.

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