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Friday, April 8, 2022

Daily GK Update- 8th April, 2022

 

NATIONAL UPDATES:

 

1. YS Jagan Mohan Reddy, the Chief Minister inaugurates 13 districts in Andhra Pradesh: YS Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, inaugurated 13 new districts in the state via video conference in Tadepalli, Guntur district. The new districts were created using Parliamentary constituencies as a guide. With the addition of 13 new districts, Andhra Pradesh now has a total of 26 districts. The following is a list of the new districts and their headquarters:

1)      Alluri Sitharama Raju District – Paderu;

2)      Annamayya District – Rayachoty;

3)      Anakapalli – Anakapalli;

4)      Bapatla – Bapatla;

5)      Eluru – Eluru;

6)      Kakinada – Kakinada;

7)      Kona Seema – Amalapuram;

8)      Manyam District – Parvathipuram;

9)      Nandyal – Nandyal;

10)  NTR District – Vijayawada;

11)  Palnadu – Narsaraopeta;

12)  Sri Balaji District – Tirupati;

13)  Sri Satyasai District – Puttaparthy

As part of the 26 districts of Andhra Pradesh, there will now be 23 revenue divisions. The CM added that people have accepted and liked the decentralised system of government because the initiatives are given straight to their doorstep, and that the same is now being extended to the districts. The CM further mentioned that previously, one district served 38 lakh 15 thousand people, but today, with the establishment of 26 districts, each district will serve 19 lakh 7 thousand people.

 

2. GoI appoints Vinay Mohan Kwatra as new foreign secretary: The Government of India has appointed IFS Vinay Mohan Kwatra as the new Foreign Secretary of India. He is currently serving as India’s envoy to Nepal, from March 2020. He will replace the current foreign secretary, Harsh Vardhan Shringla, who will superannuate on April 30, 2022. Kwatra is a 1988-batch Indian Foreign Service (IFS) officer, having more than 32 years of experience in Foreign Service. He has also worked in Prime Minister Narendra Modi’s office (PMO) from 2015 to 2017, as well as India’s ambassador to France from August 2017 to February 2020.

 

3. In Leh villages of Gya – Sasoma, a community museum is established: In Ladakh, a community museum opened in the Gya – Sasoma villages of the Leh district to preserve and promote the region’s rich cultural history. Tashi Gyaltson, Chairman of the Ladakh Autonomous Hill Development Council (LAHDC), Leh, inaugurated the Community Museum. Traditional utilitarian items, fabrics, clothing, and artefacts from Gya-everyday Sasoma’s life are the main attractions of the Museum. The museum is housed in a traditional house with a variety of architectural spaces and features. Key Points:

a)      Ladakh culture is predominantly found in its settlements, which are among the world’s highest inhabited. The rich culture is still alive and well in its close-knit communities.

b)      Gya – Sasoma villagers in Leh have donated a range of artefacts and collections to construct the Community Museum in a typical Ladakhi house, making it the first of its sort in India.

c)       Gya is thought to be Upper Ladakh’s earliest village and oldest settlement. Along with the Gya-Sasoma villagers, the women’s groups in the villages, the Department of Museology at the National Museum Institute in New Delhi, and the Leh Area Housing Development Corporation (LAHDC) all contributed to the creation of the Community Museum.

 

4. Ministry of Ayush’s Yoga Mahotsav begins at the Red Fort in Delhi: On World Health Day and the 75th day of the countdown to International Day of Yoga, the Ministry of Ayush is hosting a magnificent programme for the presentation of the Common Yoga Protocol in the backdrop of 15th August Park, Lal Quila, (Red Fort) Delhi. The program’s Chief Guest is slated to be Lok Sabha Speaker Shri Om Birla. Several Union Ministers, Members of Parliament, Ambassadors of several nations stationed in Delhi, famous Sports Celebrities, and Yoga Gurus are expected to attend the event. Key Points:

a)      The Ministry, in collaboration with its numerous stakeholders, has devised a 100-day countdown programme for the 8th International Day of Yoga, in which 100 organisations promote yoga in 100 different locations/cities.

b)      The Ministry of Ayush is the nodal ministry for the International Day of Yoga’s commemoration. The primary event of IDY is a Mass Yoga Demonstration, which is led by Prime Minister Modi every year. The IDY-2022 preparations are well underway.

c)       It’s worth noting that the 75-day countdown is an important part of the annual celebration of International Yoga Day. In the 75 days leading up to IDY-2022, the Ministry intends to create a Mass Movement for Health and Wellbeing through Yoga.

d)      Because the 8th International Day of Yoga falls within the Azadi Ka Amrit Mahotsav year, the Ministry advises commemorating IDY at 75 iconic locations around the country. This countdown effort is already underway, and IDY-2022 observation is gathering traction.

 

5. A new book titled “Decoding Indian Babudom” authored by Ashwini Shrivastava: A new book titled ‘’Decoding Indian Babudom’’ authored by Ashwini Shrivastava and published by Vitasta Publishing Private Limited launched. This is a first-of-its-kind book by a journalist covering the bureaucratic system of India. It highlights India’s administrative system and functioning of governance from a common man’s point of view. The author recommended “15 Sutras” to achieve good and effective governance that can bring in investment by boosting businessmen’s confidence in the administration.

 

INTERNATIONAL UPDATES:

 

1. Viktor Orban wins Fourth Term as Prime Minister of Hungary: Hungarian Prime Minister, Viktor Orban won a fourth successive term in office by a landslide victory in the country’s general elections for 2022. His right-wing Fidesz party secured 53.1% of the total 98% of the count complete. The 58-year-old is already the longest-serving head of government in the EU, since assuming the role of Prime Minister in May 2010. The 58-year-old, already the longest-serving head of government in the EU, was challenged by six united opposition parties seeking to roll back the “illiberal” revolution Orban’s Fidesz party has pursued during 12 consecutive years in office.

Note: Hungary Capital: Budapest; Hungary Currency: Hungarian forint.

 

2. President Ram Nath Kovind visits in Amsterdam and names a new yellow tulip variety ‘Maitri’: President Ram Nath Kovind landed in Amsterdam for the final leg of his two-nation journey — his first visit to the Netherlands in 34 years — during which he would hold talks with the Dutch top leadership names a new yellow tulip variety ‘Maitri‘. Key Points:

a)      President Kovind arrived from Turkmenistan, where he met with his Turkmen colleague Serdar Berdimuhamedov and pledged to expand bilateral economic and energy cooperation to improve the multifaceted relationship. He is the first Indian President to visit Turkmenistan since its independence.

b)      President Ram Nath Kovind will meet with King Willem Alexander and Queen Maxima, as well as Prime Minister Mark Rutte, during his visit to the Netherlands from April 4 to 7.

c)       His visit is significant since, in 2022, India and the Netherlands will commemorate 75 years of diplomatic relations.

d)      Later, President Kovind paid a visit to Keukenhof, one of the world’s largest flower gardens,  names a new yellow tulip variety ‘Maitri‘, and here  washe was met by Dutch Foreign Minister Wopke Hoekstra

e)      A Strategic Partnership on Water was started in 2021 during the Virtual Summit between the Prime Ministers of the two countries to increase the level of engagement between the two sides in this crucial sector.

f)        Agriculture, health, urban development, science, and technology cooperation are all important pillars of the bilateral relationship. The Netherlands is also an important economic and commercial partner of India since it is the country’s fourth-largest source of foreign direct investment. It is also home to the continent’s largest Indian diaspora.

 

3. UN Human Rights Council names Tuvalu negotiator Dr Ian Fry as climate expert: The United Nations Human Rights Council (UNHRC) has appointed Dr Ian Fry as the world’s first independent expert for human rights and climate change. Dr Fry has been appointed for a period of three years. He holds dual citizenship of Tuvalu and Australia. He has negotiated on behalf of least developed countries including at the 2015 Paris climate conference where he helped ensure that human rights were part of the final package.

The position of Special Rapporteur for human rights and climate change was created by UNHRC in October 2021. The new independent expert will have the mandate to “study and identify how the adverse effects of climate change, including sudden and slow-onset disasters, affect the full and effective enjoyment of human rights and make recommendations on how to address and prevent these adverse effects”.

Note: United Nations Human Rights Council President: Federico Villegas; United Nations Human Rights Council Headquarters: Geneva, Switzerland; United Nations Human Rights Council Founded: 15 March 2006.

 

OTHER UPDATES:

 

BANKING AND FINANCE

 

1. SBI tie-up with BSF to offer curated benefits through CAPSP Scheme: The State Bank of India (SBI) has tied up a Memorandum of Understanding (MoU) with the Border Security Force (BSF) to provide solutions for financial security to BSF personnel through the Central Armed Police Salary Package (CAPSP) Scheme. The MoU will offer a bouquet of benefits to the serving security forces, retired personnel as well as family pensioners. These may include complimentary Personal and Air Accidental Insurance (Death) cover, additional cover in case of on-duty death, and Permanent Total Disability / Partial Disability cover, support in child education and the marriage of girl children of deceased BSF personnel among other benefits.

Note: SBI Founded: 1 July 1955; SBI Headquarters: Mumbai; SBI Chairman: Dinesh Kumar Khara.

 

2. The merger of HDFC Bank and HDFC Ltd has been announced: The Boards of Directors of HDFC Ltd. and HDFC Bank Ltd. approved a composite scheme for the amalgamation of HDFC Investments Ltd. and HDFC Holdings Ltd with and into HDFC Ltd; and HDFC Ltd with and into HDFC Bank, as well as their respective shareholders and creditors. As a result, when the scheme takes effect, public shareholders would control 100% of HDFC Bank, while existing HDFC Ltd. shareholders will own 41%. Key Points:

a)      Closing conditions for the Scheme and the Proposed Transaction are standard. Multiple approvals are required for the programme to be implemented.

b)      The subsidiaries/associates of HDFC Ltd. shall become subsidiaries/associates of HDFC Bank once the scheme takes effect.

c)       Shareholders of HDFC Ltd. as of the record date will receive 42 HDFC Bank shares (each with a face value of 1) in exchange for 25 HDFC Ltd. shares (each with a face value of 2), and HDFC Ltd.’s equity share(s) in HDFC Bank would be extinguished as per the scheme.

 

BUSINESS AND ECONOMY

 

1. March 2022: GoI had collected an all-time high of Rs 1.42 lakh crores as GST: The greatest ever GST was collected in March, which is a very good for the economy. The Goods and Services Tax (GST) collection totaled Rs 1,42,095 crore, breaking the previous high of Rs 1,40,986 crore set in January 2022. Key Points:

a)      The March 2022 revenues are 15% greater than the same month last year and 46% higher than the March 2020 revenues.

b)      Revenues from imports of products were 25% higher during the month, while revenues from domestic transactions (including imports of services) were 11% higher than in the same month last year.

c)       In the month of March 2022, the gross GST revenue collected was Rs 1,42,095 crore, with Central GST at Rs 25,830 crore, state GST at Rs 32,378 crore, integrated GST at Rs 74,470 crore, including Rs 39,131 crore collected on imports of goods, and cess at Rs 9,417 crore, including Rs 981 crore collected on imports of goods.

 

2. Flipkart Foundation launched for growth of rural area and women: Homegrown e-commerce giant, The Flipkart Group has constituted and launched the Flipkart Foundation, a new platform with a focus on development in rural areas and providing equitable access to growth opportunities for women and other disadvantaged communities. The Flipkart Foundation aims to positively influence 20 million lives directly and indirectly in the coming decade across a wide array of areas by utilising Flipkart’s learnings over the years.

About the operation: The operations of the Flipkart Foundation will be grant-based. The contributions will come from the Flipkart Group and through the ‘Charity Checkout’ feature available on Flipkart platforms. The Flipkart Foundation will engage with diverse stakeholders to enable transformational development work for society and the economy, by offering support to underprivileged sections of society and making them a part of the country’s growth story.

Note: Flipkart headquarters: Bengaluru, Karnataka; Flipkart CEO: Kalyan Krishnamurthy.

 

AWARDS AND HONOURS

 

1. Journalist Aarefa Johari awarded Chameli Devi Jain Award 2021: A journalist from Mumbai, Aarefa Johari was awarded the Chameli Devi Jain Award for an Outstanding Woman Media person 2021. It was announced by the Media Foundation. Aarefa Johari works for ‘Scroll. in’ in Mumbai, Maharashtra. In 2020, Neetu Singh got this award. She is associated with ‘Goan Connection’ media house. Jury: Nirupama Subramania, Githa Hariharan and Ashutosh.

About the Chameli Devi Jain Award: Chameli Devi Jain Award is the annual prestigious recognition in the field of Journalism for women media persons journalist in India who have reported on themes such as social development, politics, equity, gender justice, health, war and conflict, and consumer values. The award was instituted in 1980 by Verghese and the family of Chameli Devi.


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