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Sunday, December 25, 2022

Daily GK Update- 25th Dec, 2022

 

NATIONAL UPDATES:

 

1. P N Vasudevan reappointed as MD, CEO of Equitas Small Finance Bank: P.N. Vasudevan has been reappointed as the managing director and chief executive officer of Equitas Small Finance Bank.His current term as MD, CEO will expire on July 22, 2023.The board of Bank has decided to renew his term for a further period of 3 years with effect from July 23, 2023, subject to approval from RBI.He is the founder of Equitas and has been associated with its journey as a microfinance institution since 2007.It was converted into a bank in 2016. “The Board believes that continuity of management and his leadership would help the Bank sustain its growth in a stable, scalable and inclusive manner. Accordingly the present ongoing process of identifying a successor to him will stand terminated,” the bank said.

 

2. Good Governance Day 2022: 25th December: India observed "Good Governance Day" on the birth anniversary (25th December) of former Indian Prime Minister, Atal Vihari Vajpayee.

In 2014, PM Narendra Modi has announced to observe "Good Governance Day" every year on December 25 in memory of the former PM. Purpose of this day: To increase public access to various government programmes and services via good governance. It was established with the slogan "Good Governance through e-Governance." The Indian government decided that every year December 25 would be a full day of work. The government has been commemorating Good Governance Day every year since 2014. The day is celebrated to t make sure that the country's residents are treated fairly by the government and they receive the advantages of various government services.

 

3. Researchers at IIT Kanpur developed organic solar cell devices: Researchers at IIT Kanpur have developed organic solar cells under the DST-RCUK APEX project.Organic solar cell: It is a combination of an organic polymer and PCBM developed on steel substrates can potentially convert a steel roof into an energy-producing device. The devices consist of a blend of organic polymer PTB7 as a donor and PCBM as an acceptor. It is a jointly developed programme of the Department of S&T and the Research Councils United Kingdom (RCUK).

An organic solar cells consisting of a combination of an organic polymer and PCBM (an organic semiconductor) developed on steel substrates can potentially convert a steel roof into an energy-producing device with greater efficiency than those currently available in the market.

 

4. PM Matsya Sampada Yojana envisages insurance coverage to fishers: Parshottam Rupala (Minister of Fisheries, Animal Husbandry & Dairying) has informed that Department of Fisheries, under PM Matsya Sampada Yojana (PMMSY) has provided an insurance coverage to fishers.The insurance coverage provided under the PMMSY includes:Rs.5,00,000/- against accidental death or permanent total disability Rs.2,50,000/- for permanent partial disability

Hospitalization expenses in the event of accident for a sum of Rs. 25,000/-

 

5. Cabinet approves revision of pension for defence personnel: Union Minister of information and Broadcasting, Anurag Thakur has informed that the Union Cabinet approved the revision of the pension for family pensioners of armed forces under One Rank One Pension (OROP) from July 1, 2019.The revision will entail an estimated annual expenditure of Rs 8450 crore. The arrears will be with effect from July 1, 2019 to June 30, 2022. The decision to implement OROP was taken by the Narendra Modi government on November 7, 2015. The benefit would also be extended to family pensioners including war widows and disabled pensioners, Thakur said. He said benefits will be extended to about 25.13 lakh armed forces pensioners and family pensioners.

 

6. CJI D Y Chandrachud constituted committee to conduct accessibility audit of SC premises: The Chief Justice of India (CJI) D Y Chandrachud has constituted a committee to conduct an audit of “physical and functional access” of the top court premises to make them disabled-friendly. The committee will be headed by Supreme Court Judge S Ravindra Bhat. The ‘Supreme Court Committee on Accessibility’ has been given a broad mandate to prepare and release a questionnaire for persons with disabilities, including the apex court employees, advocates, litigants and interns, who visit the top court premises to assess the nature and extent of problems they face.

 

INTERNATIONAL UPDATES:

 

1. Sitiveni Rabuka becomes new Prime Minister of Fiji: Sitiveni Rabuka has become the 12th prime minister of Fiji after a coalition of parties voted to elect him. His appointment has ended 10 days of uncertainty after an election delivered a hung parliament. Social Democratic Liberal party held the balance of power and voted to form a coalition with Rabuka’s People’s Alliance and the National Federation party. In secret parliamentary votes, 28 members of parliament voting for Rabuka while 27 voted in support of Bainimarama. The appointment of Rabuka on Saturday ended 10 days of uncertainty after an election delivered a hung parliament. Fiji’s Social Democratic Liberal party (Sodelpa) held the balance of power and on Friday voted to form a coalition with Rabuka’s People’s Alliance and the National Federation party. Saturday’s secret parliamentary vote for prime minister was closer than had been expected, with 28 members of parliament voting for Rabuka while 27 voted in support of Bainimarama.

 

OTHER UPDATES:

 

SPORTS

 

1. Geto Sora wins 2022 Junior International Badminton Championship title: Badminton player, Geto Sora (7) from Arunachal Pradesh has won title of 2022 Junior International Badminton Championship in the below 9 years category, organised in Kuala Lumpur, Malaysia. He has defeated Jaryl Teh from Malaysia in straight sets 21-5, 21-16. In November 2022, he had won the U-9 boys singles title in the Yonex-Singha-BTY Championships 2022, held at the Banthongyord Badminton School in Bangkok, Thailand. Budding badminton sensation Geto Sora once again made Arunachal proud by winning the Top Arena Junior International Badminton Championship title in the below 9 years category, in Kuala Lumpur, Malaysia on Friday, December 23.

 

2. Harmanpreet Singh to captain Indian team at the FIH men’s world cup 2023: Hockey India has announced Dragflicker Harmanpreet Singh as the captain of the Indian men’s Hockey team for the FIH Odisha Hockey Men’s World Cup 2023. Amit Rohidas has been named as the vice-captain of the squad. The team coach is Graham Reid. The FIH Men’s Hockey World Cup is held every four years and the 2022 event was postponed to 2023 due to the corona pandemic. The last 14th FIH Men’s World Cup Hockey was also played in Odisha in 2018.

 

BANKING AND FINANCE

 

1. IMF predicts 6.8% growth in current fiscal for India: The International Monetary Fund (IMF) has predicted the India's GDP growth rate of 6.8 per cent for the current fiscal year (2022-23). IMF has also estimated the India's growth rate of 6.1 per cent in the next fiscal years (2023-24). In its report, IMF has stated that the growth of India is expected to moderate as it is navigating a "very difficult" external environment. IMF has also highlighted that Indian economy has rebounded from the deep pandemic-related downturn.

 

2. IFC provides $400 million loan to HDFC to promote green housing: World Bank’s investment arm, International Finance Corporation (IFC) has provided to make a $400 million (around ₹3,400 crore) loan to mortgage lender HDFC Ltd, with an aim to drive India’s green housing growth. The capital will help HDFC boost its green affordable housing portfolio, with 75% (around $300 million) of the proceeds earmarked for this sector. Earlier in April, HDFC Ltd decided to merge with its banking subsidiary HDFC Bank. Green Houses are built with sustainable, environmentally-friendly, energy-efficient, and recyclable resources. These houses are constructed in such a way that water, air, solar, and geothermal energy are optimally utilized, thus reducing energy waste. Affordable houses means that it will target Middle-income groups.

 

 

AWARDS AND HONOURS

 

1. Football player, Beth Mead wins BBC Sports Personality of Year 2022 award: English football player, Beth Mead (27) has been awarded the 2022 BBC Sports Personality of the Year as she was the player of the tournament and top scorer at Euro 2022. Beth Mead has defeated Germany in the finals at Wembley to win England’s first major women’s football trophy. She has competed against Ben Stokes and Ronnie O’Sullivan for the BBC Sports Personality of the Year for 2022 award. While, Sarina Wiegman (England's manager) has won the Coach of the Year. However, Beth was the favorite to win. While Mead won, Stokes came in second place. Beth said she was speechless and massively honoured to win the BBC Sports Personality of the Year 2022.

 

2. UIDAI gets DSCI AISS Award for ‘Best Security Practices in Govt Sector’: Unique Identification Authority of India (UIDAI) has won Data Security Council of India's (DSCI) award 2022 in Best Security Practices in Government Sector category. The award was given to UIDAI during DSCI's three-day Annual Information Security Summit (AISS) in New Delhi.

Reason: For its significant role in securing national critical Aadhaar infrastructure that provides digital identity-based welfare services to residents. UIDAI CEO: Dr. Saurabh Garg Sahitya Akademi Awards 2022 announced: Sahitya Akademi has announced its annual Sahitya Akademi Awards in 23 languages. 7 books of poetry, 6 novels, 2 short stories, 3 Play/Dramas, 2 Literary Criticisms, one each of Autobiographical Essays, Collection of Articles, and Literary History have won the Sahitya Akademi Awards 2022. The awardee will receive an engraved copper plaque, a shawl, and Rs. 1,00,000 in Cash. It also announced the ‘Sahitya Akademi Translation’ awards for 2022.

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