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Important Current Affairs 16th February 2022


Dabur Becomes India's First 'Plastic Waste Neutral' FMCG Company, Recycles 100% Plastic Sold As Product Packaging

  • Dabur India has become the first Indian consumer goods company to become completely plastic waste neutral. It has done this by collecting, processing and recycling around 27,000 metric tonnes of post-consumer plastic waste during FY21-22. Dabur has achieved the landmark of surpassing its plastic packaging usage with recycling. Dabur’s Plastic Waste Management initiative was launched in 2017-18 as part of the Plastic Waste Management (PWM) Rule.
  • Dabur has also announced the beginning of a new ‘Save the Environment’ campaign in Himachal Pradesh to raise community awareness about how to manage home plastic waste. They have also been working with school children in towns and villages as part of this commitment, educating them about different forms of garbage and the benefits of sorting them at the source. They have been assisting government schools by providing waste bins, sanitary facilities, and IEC (Information, Education, and Communication) materials.


Jaisalmer Desert Festival , Desert Fair Festival 2022

  • The renowned Jaisalmer Desert Festival, also known as Maru Mahotsav of the Golden City started from 13 to 16 February 2022 at Pokaran village in Jaisalmer, Rajasthan. It is a four-day-long annual event started with a colorful grand procession followed by Miss Pokaran and Mister Pokran competitions. Regional folk dances such as Kalbelia, Kachhi Ghodi, Gair will be performed.
  • Rajasthan Minority Affairs Minister, Shale Mohammad flagged off the event. The festival is celebrated amidst the beautiful dunes of the Thar Desert in the Sam dunes (42 kilometres from Jaisalmer).


Ministry of Tribal Affairs helps rekindle Telangana’s State Festival of Medaram Jathara with added vigour

  • The Ministry of Tribal Affairs, Government of India, has sanctioned Rs. 2.26 Crores for Medaram Jatara 2022 Festival in Telangana. In 2022, the festival is being held from February 16 to 19, 2022. Medaram Jatara is the second-largest fair in India, after the Kumbh Mela. Medaram Jatara is conducted in honour of the Goddesses Sammakka and Saralamma. It was declared a State Festival in 1998.
  • The four-day tribal festival is celebrated once in two years in the month of “Magha” (February) on the full moon day, in Medaram Village of Mulugu district in Telangana. The festival is organised by the second-largest Tribal Community of Telangana, the Koya tribe, in collaboration with the Tribal Welfare Department, Government of Telangana.


Indian FM Sitharaman launches first colour souvenir coin on 'Panchtantra'

  • Finance Minister, Nirmala Sitharaman has launched the first colour souvenir coin on ‘Panchtantra’ on the occasion of the 17th foundation day of Security Printing and Minting Corporation of India Limited (SPMCIL). The finance minister in her address stressed on upskilling and acquiring new skills, and up-gradation to meet the technology-driven economy. Further, she emphasized on ramping up the quality of products and to brand SPMCIL as lead producers of currency and other sovereign products.



South Africa's Keegan Petersen, England's Heather Knight ICC Players Of The Month For January

  • South Africa’s Test sensation Keegan Petersen and England women’s team captain Heather Knight were voted ICC Players of the Month for January 2022. In the men’s category, South African batter Keegan Petersen was a sensation during the home Test series against India. He ended the series as the highest run-scorer with 276 runs and was named the Player of the Series.
  • For the women’s award, England skipper Knight beat off competition from Sri Lanka captain Chamari Athapaththu and West Indies star Deandra Dottin to be named ICC Player of the Month for January 2022. Knight captained England in the one-off Ashes Test against Australia in Canberra and finished as the highest run-getter.



Vedanta-Foxconn JV to manufacture semiconductors in India

  • The Indian mining major Vedanta has tied up with Taiwanese electronics manufacturing company, Hon Hai Technology Group (better known as Foxconn) to form a joint venture (JV) for manufacturing semiconductors in India. Anil Agarwal, the non-executive Chairman of Vedanta, will be the Chairman of the JV company.
  • This is the first JV in the electronics manufacturing sector after the government announced a Rs 76,000 crore production-linked incentive (PLI) scheme for semiconductor and display manufacturing, to create an ecosystem of local production of semiconductors in India. Vedanta will be the majority shareholder in the JV while Foxconn will hold minority share.



IAS Officer Vineet Joshi appointed as new CBSE chairman

  • IAS Vineet Joshi has been appointed as the new Chairman of the Central Board of Secondary Education (CBSE). He replaces IAS Manoj Ahuja, who has been appointed as the Officer on Special Duty (OSD) in the Department of Agriculture and Farmers Welfare. Mr Joshi, a 1992-batch IAS officer of the Manipur cadre, is an Additional Secretary, Department of Higher Education, under the Ministry of Education. He is also the Director-General of the National Testing Agency (NTA). In 2010 as well he got the responsibility of CBSE chairman.



Legendary singer and music composer Bappi Lahiri dies at 69

  • Veteran singer and composer, Bappi Lahiri has passed away at the age of 69. He was lovingly called Bappi Da in the industry is known for delivering iconic songs in several films of the late 1970s-80s like Chalte Chalte, Disco Dancer, and Sharaabi. His last Bollywood song was Bhankas for the 2020 film Baaghi 3.
  • The singer is known for his gold chains. His real name was Alokesh Lahiri. He joined BJP in 2014. He was declared a BJP candidate from Srerampur (Lok Sabha constituency) in West Bengal for the 2014 Indian general election and lost.



ICICI Bank's Sandeep Bakhshi is Business Standard Banker of the Year

  • Sandeep Bakhshi has been named the Business Standard Banker of the Year 2020-21. He is the managing director (MD) and chief executive officer (CEO) of ICICI Bank. The winner was chosen by a jury of 5 members chaired by former Reserve Bank of India deputy governor S S Mundra. For 2020-21, ICICI Bank reported a net profit of Rs 16,193 crore against Rs 7,931 crore during the previous financial year.
  • Banks with an asset size of Rs 50,000 crore and above as of March 2021.
  • 10 per cent or more growth in profits prior to provisioning in the past one-, two- and three-year periods. Only 10 banks qualified, and that was further brought down to seven.



Indias retail inflation accelerates to 6.01% in January, hits 7-month high

  • India’s retail inflation, as measured by the consumer price index (CPI), accelerated to 6.01% in the month of January, breaching the Reserve Bank of India (RBI) tolerance band of 6%, albeit marginally. The surge in inflation print was driven by higher consumer goods and telecom prices along with a comparatively low rate a year ago.
  • Inflation, as measured by the consumer price index (CPI) was 5.66% in the preceding month of December. The Central bank’s monetary policy has been given the mandate to maintain annual inflation at 4% until March 31, 2026, with an upper tolerance of 6% and a lower tolerance of 2%.


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