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Friday, February 24, 2023

Daily GK Update- 24th Feb, 2023

 

NATIONAL UPDATES:

 

1. New Delhi World Book Fair 2023 to begin: The New Delhi World Book Fair will be started at Pragati Maidan in New Delhi from 25th Febraury to 5th March 2023. The Union Education Minister Dharmendra Pradhan will inaugurate the fair. The 2023 theme of the fair is Azadi Ka Amrit Mahotsav. The Guest of Honour Country: France The G20 theme has been integrated with the book fair, and exhibitions of books from G20 member countries will be organized during the fair. NBT Chairman: Prof. Govind Prasad Sharma

 

2. 22nd Law Commission's term extended till August 2024: The Union Cabinet chaired by PM Narendra Modi has approved the extension of the term of the 22nd Law Commission of India from 20th February 2023 to 31st August 2024. The 22nd law panel was constituted for three years on 21st February 2020. Law Commission of India: It is a non-statutory body and is constituted by the Government of India from time to time. It was originally constituted in 1955. Chairperson: Justice (retired) Rituraj Awasthi

 

3. Govt approves Innovative Extension Approaches for Revitalising Agriculture: The J&K govt has approved a five-year project on Innovative Extension Approaches for Revitalising Agriculture in J&K. Aim: To give a push to sustainable agriculture The project, worth 463 crore rupees, is also aimed to empower farmers and educated youth through technology-driven and inclusive agri-extension services. One of the critical outcomes would be the creation of 2,000 Kissan Khidmat Ghars, which will serve as One Stop Centre for farmer-oriented services

 

4. NTPC ranked as the top Independent Power Producers: NTPC Limited has topped the ranking of Independent Power Producers and Energy Traders Globally in the S&P Global Commodity Insights Top 250 Global Energy Company Rankings 2022. These rankings are based on four key metrics: Asset worth, Revenues, Profits, and Return on Investment (ROI). Presently, NTPC contributes 24% of the total electricity produced in India. NTPC is targeting non-fossil fuel-based capacity to make up nearly 50% of the company’s portfolio by 2032.

 

5. PM Narendra Modi chaired the 41st edition PRAGATI Interaction meeting: Prime Minister Narendra Modi has chaired the meeting of the 41st edition of the Pro-Active Governance and Timely Implementation (PRAGATI) Interaction. PRAGATI is the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments. In the meeting, 9 key infrastructure projects were reviewed and PM Modi also reviewed ‘Mission Amrit Sarovar’. Among the nine projects, three projects were from the Ministry of Road Transport and Highways, and two projects were from the Ministry of Railways.

These nine projects have a cumulative cost of over 41 thousand 500 crore rupees and relate to 13 States. PRAGATI Interaction was launched on 25th March 2015 by PM Modi as a part of the Digital India program.

6. Mumbai’s Churchgate station to be renamed after first RBI Governor: The Churchgate railway station in Mumbai will be called as ‘Chintamanrao Deshmukh station’, named after the first governor of the Reserve Bank of India (RBI) CD Deshmukh. The first national executive meeting of Eknath Shinde-led Shiv Sena faction, which was declared the original Shiv Sena by the Election Commission. The meeting passed a resolution to rename the ‘Churchgate railway station’ after the former RBI governor and Union Finance Minister Chintaman Dwarkanath Deshmukh. In August 1943, CD Deshmukh was appointed as Governor of the RBI and served in that position till 1949.

 

7. PM Modi inaugurated ‘Barisu Kannada Dim Dimava’ festival: Prime Minister Narendra Modi has inaugurated ‘Barisu Kannada Dim Dimava’ cultural festival at Talkatora Stadium, New Delhi. Barisu Kannada Dim Dimava’ cultural festival is being organized to celebrate Karnataka’s culture, traditions and history. It is in line with the Prime Minister’s vision of ‘Ek Bharat Shreshtha Bharat’. The festival, being held under the aegis of Azadi Ka Amrit Mahotsav, will provide an opportunity to hundreds of artists to showcase Karnataka cultural heritage through dance, music, drama, and poetry etc.

 

8. Anusuiya Uikey sworn in as 18th Governor of Manipur: Anusuiya Uikey was sworn in as the 18th Governor of Manipur in Imphal. Justice MV Muralidaran, Acting Chief Justice of the High Court of Manipur administered the oath of office to Uikey at Darbar Hall in Raj Bhawan. Anusuiya Uikey was the governor of Chattisgarh from 29th July 2019 to 12th February 2023. She became a member of the Rajya Sabha from Madhya Pradesh in 2006.

 

9. 24 February- Central Excise Day: Central Excise Day is celebrated in India every year on February 24 to commemorate the establishment of the Central Board of Excise and Customs (CBEC). The day is observed to recognise the efforts of the Central Excise and Customs officials who work tirelessly to safeguard the country’s economy. The Central Excise Day is also observed to commemorate the Central Excise Act, which was passed on February 24, 1944.

 

INTERNATIONAL UPDATES:

 

1. CAG Girish Chandra Murmu selected as External Auditor of ILO in Geneva: Comptroller and Auditor General (CAG) Girish Chandra Murmu has been selected as the External Auditor of the International Labour Organization (ILO) in Geneva. He has been selected for a four-year term from 2024 to 2027. CAG will take over from the incumbent External Auditor of ILO, the Supreme Audit Institution of the Philippines. CAG’s appointment is a recognition of its standing among the international community and its professionalism, and its global audit experience

 

2. Former Mastercard CEO, Ajay Banga nominated to Lead World Bank: US President, Joe Biden has nominated former Mastercard CEO Ajay Banga as the president of the World Bank. He would replace David Malpass, who will step down from his role this June before completing his tenure in April 2024. He was nominated for his expertise in handling global challenges including climate change. Presently, he is serving as the vice chairman at private equity firm General Atlantic. Notably, he is the first Indian-born nominee for this role.

 

3. Abu Dhabi defence firm, India's HAL sign MoU at UAE's defence expo: UAE's leading defense group, EDGE signed a Memorandum of Understanding with India's aerospace firm Hindustan Aeronautics Limited (HAL) at the International Defence Exhibition and Conference (IDEX). Aim: To explore the areas of cooperation, including joint design and development of missile systems and Unmanned aerial vehicles (drones) Besides, both companies will also explore the utilization of HAL's small gas turbine engines on EDGE's guided weapons.

 

4. India & Sri Lanka hold 7th annual defence dialogue: The 7th Annual Defence Dialogue between India and Sri Lanka was held in New Delhi. The meeting was chaired by Defence Secretary, Giridhar Armane and his Sri Lankan counterpart General Kamal Gunaratne.

This Annual Defence Dialogue is the highest institutionalised interactive mechanism between both the countries. Its significance in chartering the future course of the relations between the Armed Forces of India and Sri Lanka was highlighted by the importance given to the talks by both sides. The ongoing defence cooperation activities between the two countries were reviewed during the meeting.

 

5. 7-year-old Prince becomes first digital citizen of Bhutan: Seven-year-old Prince Jigme Namgyel Wangchuck has become the first digital citizen of Bhutan. Prince Jigme is the mountainous country’s first citizen to receive the National Digital Identity (NDI) mobile wallet. The launch of Bhutan’s National Digital Identity based on the Self-Sovereign Identity model, is a major step forward in transforming the way services are delivered in both the public and private sectors. This flagship initiative of GovTech will provide secure and verifiable digital identities to citizens, laying a strong foundation for our digital future. Bhutan NDI uses cutting-edge technology to provide citizens with secure and verifiable identity credentials, ensuring the privacy and protection of their personal information.

 

OTHER UPDATES:

 

SPORTS

 

1. Anurag Thakur inaugurated the All India Taekwondo Championship in Delhi: Minister of Youth Affairs and Sports Anurag Singh Thakur has inaugurated the three-day All-India Taekwondo Championship in New Delhi. The Championship is being organized to mark 50 years of Korea-India diplomatic relations. The Korean Cultural Centre, India is co-hosting this Championship with the Sports Authority of India under the Ministry of Youth Affairs and Sports of India and Korea National Sports University in celebration of the 50th anniversary of Korea-India diplomatic relations in 2023. In the opening ceremony, an MoU was signed between the two countries in the field of sports exchange and special performances, Korean dance, Taekwondo performances.

 

2. Aishwary won gold in men’s individual 50m rifle 3 positions event: In Shooting, India’s Aishwary Pratap Singh Tomar has claimed the gold medal in the men’s individual 50m rifle 3 positions competition at the ISSF World Cup in Cairo. The 22-year-old Tomar, who had also won a gold in the Chagwon World Cup last year, won 16-6 in the gold medal contest to comfortably beat Austria’s Alexander Schmirl. Earlier, India’s Tilottama Sen had won a bronze medal in the women’s 10m Air Rifle India is on top of the medal tally with four gold and Hungary is in second position with two gold medals.

 

BANKING AND FINANCE

 

1. Niva Bupa launches health insurance plan 'ReAssure 2.0': Niva Bupa Health Insurance has launched a new health insurance policy named 'ReAssure 2.0'. Aim: To encourage customers to start investing for their health and financial security at an early age This new-age indemnity plan offers a 'live healthy' benefit. It gives a premium discount of up to 30% on policy renewal basis health points earned. It is available as an individual, multi-individual, and family floater starting from Rs 5 lakh to Rs 1 crore. Age: 18 -65 yrs

 

2. Thomas Cook, Pine Labs launch UPI payment facility for foreign visitors: Pine Labs and Thomas Cook (India) partnered with National Payments Corporation of India to enable payments via UPI for foreign nationals from G20 countries. Pine Labs will issue the prepaid payment product under the PPI authorization from RBI. This facility can be accessed on arrival in India at Thomas Cook’s airport counters. When encashing foreign currency at Thomas Cook’s counter, the customer can open a Pine Labs Fave Money prepaid account loaded with the rupee value

 

3. Karnataka Bank, Paisalo Digital ink co-lending pact: The NBFC Paisalo Digital Ltd entered into a co-lending loan agreement with Karnataka Bank to meet the funding requirements of priority segments such as agriculture and MSME. This agreement will enable Paisalo Digital to drive financial inclusion by providing low-cost financial solutions to priority sectors. As per the RBI circular, released on November 5, 2020, banks and NBFCs can enter into tie-ups for the joint contribution of funding for priority sectors.

 

4. Alliance, Dunzo tie up to offer insurance to 20,000 delivery partners: Dunzo delivery joined hands with Alliance Insurance Brokers to provide insurance to its national network of delivery partners. With this initiative, Alliance Insurance Brokers is providing insurance protection to almost 20,000 delivery partners, insured on a daily basis, while they are active on the platform.

In case of an accident, the policy offers a benefit of Rs 5 lakh to cover children’s education and reimburse business losses and hospitalization expenses.

 

5. Kotak Mahindra Bank launches corporate customer platform fyn: Kotak Mahindra Bank has launched a unified portal named 'Kotak fyn' for corporate customers. Aim: To track their payments, collections, trade, and other services related to their bank accounts The bank is also planning to introduce a new loan origination and management system that would digitize the process from the loan application, to sanction, to disbursal. This system would reduce the turnaround time for corporate borrowers and make the process more transparent.

 

AWARDS AND HONOURS

 

1. Sajjan Jindal wins EY Entrepreneur of the Year Award 2022: Chairman of JSW Group Sajjan Jindal was honored with the EY Entrepreneur of the Year Award 2022. Reason: For his exceptional entrepreneurial journey in scaling the global conglomerate with a presence in steel, cement, infrastructure, energy, and paints He will now represent India at the EY World Entrepreneur of the Year Award (WEOY) at Monte Carlo in June 2023. While K P Singh, Chairman Emeritus, DLF Group, was honored with the Lifetime Achievement Award.

 

2. Prem Kumar Mallick received for the Sangeet natak Akademi Award 2019: Noted classical singer, Pt Prem Kumar Mallick has been honured with the prestigious Sangeet Natak Akademi Awards for 2019. He received the award from President Droupadi Murmu for his contributions in the field of music (Hindustani Vocal) at a ceremony to be held at Vigyan Bhawan in New Delhi. He is a professor in the department of music and performing arts at Allahabad University.

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