INTERNATIONAL

Philippines confirms move to acquire BrahMos cruise missiles in $375 mn deal

• Philippines has become the first foreign country to place an order for the purchase of the BrahMos Shore-Based cruise Missile System for its navy. This agreement will give a big boost to India’s defence manufacturing system. The estimated deal cost is worth $374,9 million. The BrahMos Aerospace Pvt Ltd will supply the missile, under the Shore-Based Anti-Ship Missile System Acquisition Project, for Philippine Navy.

Nicaragua's Ortega sworn in for fourth term as U.S., EU impose sanctions

• Nicaraguan President José Daniel Ortega Saavedra, leader of the Sandinista National Liberation Front (FSLN), was sworn in for a new presidential term. This marks his 5th term and 4th consecutive term as the President of Nicaragua. He will remain in the office until January 2027. He received the presidential sash from Gustavo Porras, head of the National Assembly. Ortega’s first stint in power ended in 1990 and upon returning as president in 2007, he quickly set about gaining control of key state institutions.

NATIONAL

India grants financial assistance of over USD 900 million to Sri Lanka to overcome forex crisis

• India has announced financial assistance of USD 900 million loans to Sri Lanka to help the island nation in building up its depleted foreign reserves and for food imports. It must be noted that Sri Lanka is currently facing a shortage of almost all essential commodities due to a shortage of dollars to pay for the imports. India is extending its support through the Reserve Bank of India (RBI). The Indian High Commissioner to Sri Lanka Gopal Baglay met Cabraal and expressed India’s strong support to Sri Lanka in the wake of RBI extending over USD 900 million facilities.

• These comprise deferment of Asian Clearing Union settlement of over USD 509 million and currency swap of USD 400 million. Sri Lanka is currently experiencing a shortage of almost all essentials due to a shortage of dollars to pay for the imports. Additionally, power cuts are imposed at peak hours as the state power entity is unable to obtain fuel to run turbines. The state fuel entity has stopped oil supplies as the electricity board has large unpaid bills. The only refinery was shut as it was unable to pay dollars for crude imports.

Meenakashi Lekhi launches 'North East on Wheels Expedition’ to promote Culture of Northeastern States

• Minister of State for Culture, Meenakashi Lekhi has launched the ‘North East on Wheels Expedition’ in New Delhi to promote the Culture of Northeastern States. The Bike Expedition is scheduled between 8th to 16th April this year to mark the celebrations of Azadi Ka Amrit Mahotsav.

• 75 Bikers participating in this expedition will be selected from all over the country and will cover about 9000 km in the North East Region in 6 groups. The expedition will also promote the Dekho Apna Desh initiative of the Ministry of Tourism. The Riders will also carry the message of the importance of Road Safety.

20th Dhaka International Film Festival Inaugurated 

• The 20th Dhaka International Film Festival begins at Dhaka, Bangladesh. The festival will showcase 225 films from 70 countries under 10 categories will be screened across various venues in Dhaka between 15-23 January. The film festival is being organized in a hybrid mode with many films being streamed online during the festival. The DIFF will also organise the 8th edition of the ‘Women in Cinema’ international conference, as well as the 4th edition of the ‘West meets East’ screenplay lab during the festival.

• The Indian entries to the 20th DIFF include films like Koozhangal directed by P S Vinothraj, Avijatrik directed by Subhrajit Mitra, Mayar Jonjal directed by Indranil Roychowdhury, and Aandaal directed by Shareef Easa among the 35 entries.

• The Dhaka International Film Festival (DIFF) is organised by the Rainbow film Society established in 1977. The DIFF was started in 1992. The festival will have ten sections including the Asian Competition Section, Retrospective, Tribute, Bangladesh panorama, Wide Angle, Cinema of the World, Children’s Film, Spiritual film, Women Filmmakers section and short and independent films.

SPORTS

Virat Kohli quits as India’s Test captaincy after seven years

• Virat Kohli has stepped down as the Test captain of the Indian national cricket team after seven years. He first led the national side in Test cricket in 2014 against Australia. He guided the team to an unprecedented back-to-back Test series wins Down Under. Kohli also thanked former head coach Ravi Shastri and former captain Mahendra Singh Dhoni in his statement.

• In 2021, India also finished as the runners-up in the inaugural ICC World Test Championship. Kohli had recently stepped down as India’s T20I captain and was subsequently removed as the ODI captain ahead of the South Africa tour. India also became a top-ranked Test side in the world.

SUMMIT'S & MOU's

Indifi, GPay join hands to offer instant digital credit to SMEs

• Small businesses-focused online lending platform Indifi Technologies has collaborated with Google Pay to provide instant loans to eligible medium, small and micro enterprises (MSMEs) merchants through the Google Pay platform. The borrowing process is entirely digital and eligible merchants on the Google Pay for the Business app can click on loan offerings from Indifi and submit an application online. The loans will be in the range of Rs 2.5 to Rs 3 lakh.

• With a 35 per cent share of monthly UPI volumes, Google Pay has been growing its financial services play over the past year like other payments leaders in India. It already provides loans and short-term credit to individuals and small merchants in tie-ups with IIFL Loans, CASHe, and ZestMoney, among others.

BANKING AND ECONOMIC

Paytm Payments Bank leads UPI beneficiary chart: SBI biggest remitter in December

• Paytm Payments Bank Ltd (PPBL) became the largest and fastest-growing UPI beneficiary bank in India. It becomes the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month. Beneficiary banks are the banks of the account holder who is receiving money. Paytm Payments Bank has also gained rapid traction as a remitter bank for UPI payments.

• While State Bank of India (SBI) topped the chart of being the biggest remitter in December 2021, according to data released by the National Payments Corporation of India (NPCI). State Bank of India followed PPBL as the second-largest beneficiary with 664.89 million transactions.

INTERNATIONAL

Man in the US receives a genetically-modified pig heart in the world's first transplant of its kind

• A US man has become the first person in the world to get a heart transplant from a genetically-modified pig. David Bennett, 57, is doing well three days after the experimental seven-hour procedure in Baltimore. The possibility of using animal organs for so-called xenotransplantation to meet the demand has long been considered, and using pig heart valves is already common.

• Pigs are increasingly becoming popular candidates for organ transplantation. This is because their organs are anatomically similar to those of humans. What’s more, porcine components are more tuned for genetic engineering.

NATIONAL

India's oldest sloth bear Gulabo dies at Bhopal's Van Vihar national park

• India’s oldest female sloth bear, whose name was Gulabo, has passed away at the Van Vihar National Park and Zoo, located in Bhopal, Madhya Pradesh. Gulabo was the oldest sloth bear of the country. She died at the age of 40. She was rescued from a street performer (Madaari) in May 2006, when she was 25 years. Gulabo was one of the star attractions in the park. The Van Vihar National Park, located on the banks of Bhopal’s Upper Lake, also runs a rescue and breeding centre for sloth bears.

APPOINTMENT & RESIGNATION

RBI approves one-year term for Ittira Davis as CEO of Ujjivan SFB

• Reserve Bank of India has approved the appointment of Ittira Davis as managing director & chief executive officer of (MD & CEO) of Ujjivan Small Finance Bank for one tenure. He will take charge of the extended tenure from January 14, 2022. The post had been lying vacant since three-month following the sudden exit of incumbent Nitin Chugh.

• Prior to Ujjivan, Davis was the Managing Director with the Europe Arab Bank, London. He has also held leadership positions with Arab Bank plc, Bahrain and Citibank, India. He has over 40 years of work experience in India, Middle East and Europe.

RenewBuy ropes in Rajkummar Rao as its brand ambassador

• RenewBuy, an online insurance platform, has appointed Rajkummar Rao as the brand ambassador for its 1st 360-degree consumer advertising campaign that highlights consumers’ insurance needs. The campaign was designed and conceptualised by Havas Worldwide India. “Smart Tech, Right Advice” is the theme of the campaign. This program aims to increase the spread of insurance policies digitally for consumers from any part of the country.

Eminent rocket scientist S Somanath appointed ISRO chief

• Indian Space Research Organisation (ISRO) has announced the appointment of the eminent rocket scientist Dr S Somanath as its new chairman and Space Secretary. He will succeed Kailasavadivoo Sivan who completes his extended tenure. The post of the ISRO chairman, the Space Secretary and the Space Commission chief is usually held by one person only.

• Mr Somanath is an expert in a host of disciplines including launch vehicle design and has specialised in launch vehicle systems engineering, structural design, structural dynamics, integration designs and procedures, mechanism design, and pyrotechnics. He is currently the Director of Vikram Sarabhai Space Centre (VSSC) in Kerala’s Thiruvananthapuram. He was a team leader for the Integration of the Polar Satellite Launch Vehicle (PSLV) during the early phases of his career.

IMPORTANT DAYS

Armed Forces Veterans Day 2022: 14 th January 

• In India, the Armed Forces Veterans Day is observed each year on 14 January since 2017. The day aims to acknowledge and honour the selfless devotion and sacrifice of our veterans in the service of the nation. 2022 marks the 6th Armed Forces Veterans Day. It is observed as a mark of respect and recognition of the services rendered by Field Marshal KM Cariappa OBE, the first Indian Commander-in-Chief of the Indian Armed Forces who retired on 14 January 1953.

• Armed Forces Veterans Day is observed to reiterate the resolve of services for the well being of veterans and assure them that their valuable suggestions are always welcome. Last year, Admiral Karambir Singh released the ‘Swarnim Vijay Varsh’ song dedicated to our brave and courageous soldiers of the 1971 war. At various events, stalls are set up at the venue for the benefit of ex-servicemen, which includes health and medical check-up camp, job placement and resettlement stall. In addition, there are informative lectures on pensions and welfare-related subjects. Various government departments commemorate the day in their own unique way.

BOOKS & AUTHOR

Autobiography of Arundhati Bhattacharya released

• HarperCollins is set to publish “Indomitable: A Working Woman’s Notes on Life, Work and Leadership” the autobiography of Arundhati Bhattacharya, retired Indian banker and former first-ever woman Chairperson of the State Bank of India. Indomitable features the story of Arundhati Bhattacharya’s life as a banker and the difficulties she faced in the male-dominated sector. She is the chairperson and the Chief Executive Officer (CEO) of salesforce India, a cloud-based Software as a service (SaaS) company headquartered in San Francisco, California, United States of America.

BANKING AND ECONOMIC

Centre to become Vodafone Idea’s major shareholder with 35.8% stake

• The Central Government of India is set to become the largest shareholder in Vodafone Idea. The company’s board approved the conversion of Rs 16,000 crores in interest into equity. India’s third-largest network Vi or Vodafone Idea Limited (VIL) has approved the interest on the spectrum and Adjusted Gross Revenue (AGR) dues into government equity.

• VIL accepted a four-year moratorium as well as accepted the equity conversion, which means the Indian government will own almost 35.8% of VIL’s stake followed by Vodafone Group which owns 28.5% and 17.8% by Aditya Birla Group.

UN forecasts India's GDP to grow 6.5% in FY22

• The GDP growth forecast of India in fiscal 2022 is estimated to grow at 6.5 per cent as per the United Nations World Economic Situation and Prospects (WESP) 2022 report. Earlier this was estimated at 8.4%. The WESP is a flagship report produced by the UN Department of Economic and Social Affairs (UN-DESA). UN has projected the growth rate for fiscal 2023 (FY 2022-2023) at 5.9 per cent.

India retail inflation rises to 5.59% in December, hits 5-month high

• Retail inflation in December 2021 rose to a six-month high of 5.59 per cent from 4.91 per cent in November 2021, mainly due to a sharp rise in food prices as food inflation for the period under review also rose steeply to 4.05 per cent against 1.87 per cent in November 2021.

• According to data released by the ministry of statistics and programme implementation, prices of cereals, egg, milk products and prepared meals went up during December 2021. Apart from these items, prices of clothing and footwear, education, health as well as recreation activities and transportation too witnessed a rise in December 2021 compared to November 2021.

NATIONAL

Kochi to become the first city with water metro project with launch of electric boats

•  Kochi, Kerala has become India’s first city to have a Water Metro Project after the launch of its first boat in December 2021, namely ‘Muziris,’ among the 23 battery-powered electric boats being manufactured by Cochin Shipyard Limited. This launch is a part of the Rs 747-crore project which is operated by Kochi Water Metro Ltd (KWML). The boats will be called Water Metros.

•  With a total outlay of Rs 819 crore, the project’s major part is financed under Indo-German Financial Cooperation through a long-term loan agreement of 85 million Euros (Rs 579 crore) with the German funding agency, KfW (Kreditanstalt für Wiederaufbau).

9th edition of North East Festival concludes in Guwahati

•  The 9th edition of the North East Festival concluded in Guwahati, Assam. The main purpose of this festival is to promote and highlight the commercial and tourism potential of the North East region. The festival was organised in the format of a carnival with live music and dance performances, engaging the visitors throughout the day in the open area while serious discussions on business, economic, socio-political issues of the region engrossed the intellectuals in the conference halls.

•  The festival aimed at integrated marketing of the entire North-East to attract tourists and investments. The closing day was graced by Assam’s Agriculture Minister Atul Bora, who interacted with entrepreneurs participating from across the North-East region.

Odisha tops medal chart in national skill competition

•  India Skills 2021 national competition concluded with more than 200 participants who were felicitated by the Ministry of Skill Development and Entrepreneurship. As many as 270 winners of the Competition felicitated with 61 gold, 77 silver, 53 bronze and 79 medallions of excellence. More than five hundred competitors from across the country participated in the competition to showcase their talent from 54 industrial sectors. These sectors include car paint, patisserie and confectionery, welding, additive manufacturing, cyber security, floristry, among others.

•  Odisha finished first out of 26 states and union territories of this year in the ‘IndiaSkills 2021’ contest with 51 medals. Odisha won 10 gold, 18 silver, 9 bronze, and 14 medallions.

•  With 30 medals, Maharashtra remained in second place, while Kerala took third place with 25 medals.

India’s first heli-hub to be set up in Gurugram with many aviation facilities

•  Haryana Deputy CM Dushyant Chautala announced that Gurugram will get India’s 1st heli-hub with all aviation facilities. The heli-hub will be the first of its kind in India to have all facilities at one place for helicopters. The heli-hub is proposed to be built in Gurugram & would be near the metro facility along with easy connectivity to industrial areas (Noida & Bhiwadi).

•  The Haryana government has proposed to set up the first heli-hub of the country in Gurugram designed to have many aviation facilities like heliport, hangars, repairs, and any other related services.

SPORTS

New Zealand’s Ajaz Patel wins ICC Player of the Month Award for December 2021

•  India-born New Zealand cricketer Ajaz Patel has won the ICC Player of the Month award for December following his stupendous 10-wicket haul against Virat Kohli and Co. in the second Test in Mumbai. The left-arm spinner was nominated for the award alongside India opener Mayank Agarwal and Australian pacer Mitchell Starc but beat them to it on the back of his incredibly rare feat.

•  Ajaz picked up 14 wickets in the Mumbai Test match in early December against India, including all 10 in the first innings, to become only the third player in Test history, after Jim Laker and Anil Kumble, to achieve the remarkable milestone.

Tata group to replace Vivo as IPL title sponsor

•  The Board of Control for Cricket in India (BCCI) has informed that Tata group has replaced Chinese mobile phone manufacturer Vivo as the title sponsor of the Indian Premier League (IPL) for the 2022 and 2023 seasons. The multinational conglomerate will pay Rs. 300 crore per year as the title sponsor of IPL for the next two seasons. This is about 60% of what Vivo would have paid.

APPOINTMENT & RESIGNATION

Alikhan Smailov named Kazakhstan's Prime Minister

•  The parliament of Kazakhstan has unanimously approved the appointment of Alikhan Smailov as the new Prime Minister of the country. His name was nominated by Kazakh President Kassym-Jomart Tokayev on January 11, 2022. Prior to this, the 49-year-old Smailov served as the country’s finance minister from 2018 to 2020. He became the first deputy prime minister in the Cabinet in 2019.

OBITURY

Revolutionary Kannada writer and activist Champa passes away at 83

•  Prominent Kannada writer Chandrashekhar Patil, popularly known as “Champa”, passed away at the age of 82. He was a Kannada language activist, a poet and a playwright and also served as President of the Kannada Sahitya Parishat (KSP) and Chairman of the Kannada Development Authority.

RANKING

Indian passport becomes 83rd most powerful globally in 2022, up from 90th rank

•  India has improved its position by seven places to rank at 83rd place among 111 countries in the latest Henley Passport Index, released for Q1 of 2022. India ranked at 90th spot among 116 countries in Q4 of 2021 in October. The Indian passport has visa-free access to 60 destinations worldwide in Q1 2022, as compared to 58 destinations in Q4 of 2021. Oman and Armenia are the latest destinations where Indian passport holders can visit without obtaining a visa.

•  Japan and Singapore have retained the joint top position in the Henley Global Mobility Report 2022 Q1. Their passports holders are allowed to travel visa-free to 192 countries. Afghanistan has the world’s least powerful passports, with a visa-free score of 26.

BANKING AND ECONOMIC

India’s central bank is setting up a fintech department to keep up with crypto

•  Reserve Bank of India has set up a separate internal department for fintech (Financial technology). The new department has been created with effect from January 04, 2022, by subsuming the FinTech Division of Department of Payment and Settlement Systems, Central Office (DPSS, CO).

•  The department will not only promote innovation in the sector but also identify the challenges and opportunities associated with it and address them in a timely manner. Ajay Kumar Choudhary, who was recently promoted as the Executive Director of RBI was appointed as head of the department.

INTERNATIONAL

Apple becomes first company to hit $3 trillion market value

• The stock market value of Apple Inc. hit $3 trillion and became the world’s first company to do so. The market cap of Apple hit $182.86 per share, which made it the world’s first company to touch the $3 trillion mark. However shortly after hitting the mark, the share value dipped below it and did not rise again until the market closed. The iPhone maker passed $2 trillion in 2020 and over $1 trillion in 2018.

• The world’s most valuable company reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music. In China, the world’s largest smartphone market, Apple continued to lead for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed.

Ex-UK PM Tony Blair now 'Sir Tony', joins top royal order

• Former British Prime Minister Tony Blair, the Duchess of Cornwall, and Baroness Amos are to be appointed as members of the Order of the Garter, England’s oldest and most senior order of chivalry. The former prime minister now will be known as ‘Sir Tony’. The appointments are the personal choice of the Queen, who has up to 24 “knight and lady companions”. The ceremonial order, founded in 1348, is a recognition of significant public service and made without prime ministerial advice.

• Under Sir Tony’s leadership, the UK joined the US-led invasions of Iraq and Afghanistan – an official inquiry into the 2003 Iraq war was strongly critical of his government and UK military chiefs. He famously referred to Diana, Princess of Wales, as the “people’s princess” after her death.

IHU Variant of C-19 Detected in France 

• Scientists and experts in France have reportedly identified a new variant of C-19 termed ‘IHU’. The new variant is said to be a more mutated strain than Omicron. The B.1.640.2 or IHU variant was first identified by the academics at institute IHU Mediterranee Infection and contains 46 mutations, which is more than Omicron. Nearly 12 cases of this new variant have been reported near Marseilles and has been linked to the African country Cameroon. But, the Omicron strain is still dominating in most parts of the world.

• This new variant can be a major threat, however, the cases have not been reported so far in countries other than France and is not labelled as ‘variant under investigation’ by the World Health Organisation (WHO).

NATIONAL

Union Minister Dharmendra Pradhan launched NEAT 3.0

• Union Minister of Education, Dharmendra Pradhan has launched National Educational Alliance for Technology (NEAT 3.0), and regional language textbooks prescribed by the All India Council for Technical Education (AICTE). NEAT 3.0 aims to provide the best-developed ed-tech solutions and courses to students on a single platform. It will be beneficial especially among the economically disadvantaged students. It is a Public-Private Partnership model between the Government (through its implementing agency AICTE) and the Education Technology companies.

• 58 global and Indian ed-tech startup companies have come together for this solution and are offering 100 courses and e-resources to enhance learning outcomes, developing employable skills as well as overcome learning loss. The collaboration of global ed-tech companies and Indian start-ups by way of NEAT will help to build on the digital education bedrock of India.

Telangana stood first in the country in the list of highest number of ODF Plus villages

• Telangana stood first in the country in the list of the highest number of open defecation free (ODF Plus) villages under the Swachh Bharat Mission (Grameen) Phase-II programme till December 31, 2021. As many as 13,737 out of 14,200 villages in the State are on the ODF Plus list, which is 96.74%. This was followed by Tamil Nadu with 4,432 villages (35.39%) and Karnataka with 1,511 villages (5.59%). Gujarat took the 17th position with only 83 villages (0.45%).

• The State government has enacted a new Telangana Panchayat Raj Act to ensure the holistic development of villages. A secretary has been posted in every panchayat for smooth execution of welfare programmes, close monitoring, digital reporting and to ensure the prevalence of good governance in villages. Multi-purpose workers have been appointed to maintain proper sanitation in villages. There are 12,769 dedicated compost sheds in all gram panchayats. Tankers have also been provided to water the plants for greenery in villages.

APPOINTMENT & RESIGNATION

Sudan’s Hamdok resigns as prime minister amid political deadlock

• Prime Minister of Sudan, Abdalla Hamdok has announced his resignation on January 02, 2022. The decision follows a military coup that caused political deadlock and widespread pro-democracy protests in the country. The 66-year-old Hamdok served as the 15th Prime Minister of Sudan from 2019 to 2022.

• Mr Hamdok called for a dialogue to agree on a “national charter” and to “draw a roadmap” to complete the transition. The October coup had upended Sudan’s plans to move to democracy after a popular uprising forced the military’s overthrow of longtime autocrat Omar al-Bashir and his Islamist government in April 2019.

Alka Mittal becomes first woman to head ONGC as CMD

• Director HR in ONGC, Alka Mittal has been given the additional charge as the new interim chairman and managing director (CMD) of Oil and Natural Gas Corporation (ONGC), the largest oil and gas producer in India. She is the first woman to head the top post at the Maharatna company. She replaces Subhash Kumar who superannuated on December 31. He was also serving as an interim head.

• Alka Mittal has been appointed for a period of six months with effect from January 1, 2022, or till the appointment of a regular incumbent to the post, or until further order, whichever is the earliest.

Indian-origin Ashok Elluswamy was first employee to be hired for Tesla's Autopilot team: Elon Musk

• Tesla founder and CEO Elon Musk, who has been using social media to recruit people, has disclosed that Indian-origin Ashok Elluswamy was the first employee to be hired for his electric vehicle company’s Autopilot team. Before joining Tesla, Mr Elluswamy was associated with Volkswagen Electronic Research Lab and WABCO Vehicle Control System.

• Ashok Elluswamy holds a bachelor’s degree in Electronics and Communication Engineering from the College of Engineering Guindy, Chennai and a Master’s degree in Robotics System Development from Carnegie Mellon University.

BANKING AND ECONOMIC

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

• Reserve Bank of India has retained State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs). These three banks have continued to be on the D-SIBs list published by RBI, since Sep 04, 2017. Domestic Systemically Important Banks are those banks which if fail would have a significant impact on the economy.

• The D-SIBs banks are classified into 5 buckets. Bucket 1, Bucket 2, Bucket 3, Bucket 4 and Bucket 5. With Bucket 5 being the most important followed by rest in decreasing order. State Bank of India is in Bucket 3, while ICICI Bank and HDFC Bank are in Bucket 1. The updated list is based on the data collected from banks as of March 31, 2021.

INTERNATIONAL

France takes over EU presidency as national election looms

• France has assumed the rotating presidency of the Council of the European Union with effect from January 01, 2022. The country will continue to hold the EU presidency for the next six months till June 30, 2022. This is the 13th time that France has taken over the rotating presidency. The motto of France as EU President is “recovery, strength, belonging.”

• France will work to place the continent’s digitization and climate protection at the forefront. The presidency of the EU rotates every six months among the member states of the 27-nation bloc. Upon the completion of six months presidency, France will be replaced by the Czech Republic.

NATIONAL

Narendra Modi laid the foundation stone of Major Dhyan Chand Sports University in Uttar Pradesh's Meerut

• Prime Minister Narendra Modi will lay the foundation stone of Major Dhyan Chand Sports University in Meerut. The University will be established at Salawa and Kaili villages of Sardhana town in Meerut at an estimated cost of about 700 Crore rupees. The University will have the capacity of training 1080 sportspersons including 540 female and 540 male sportspersons.

• The Sports University will be equipped with modern and state-of-the-art sports infrastructure including synthetic Hockey ground, Football ground, Basketball, Volleyball, Handball, Kabaddi ground, Lawn tennis court, Gymnasium hall, Synthetic running stadium, Swimming pool, Multipurpose hall, and a Cycling Velodrome.

• It will also house facilities for Shooting, Squash, Gymnastics, Weightlifting, Archery, Canoeing, and Kayaking, among other facilities with the capacity of training.

Nirmala Sitharaman chairs 46th GST council meet ahead of Union Budget 2022

• The GST Council’s 46th meeting was held in New Delhi under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended deferring the decision to change the rates in textiles recommended in the 45th GST Council meeting. Consequently, the existing GST rates of 5 % instead of 12% in textile sector would continue.

• This convention attains special significance as it comes days ahead of Sitharaman presenting the much-anticipated Union Budget 2022-23 on February 1, for which she has been holding a series of pre-budget consultations with stakeholders.

First electric boat built for Kochi Water Metro Project handed over to KMRL

• In Kerala, the first battery-powered electric boat built for the Kochi Water Metro Project was handed over to the Kochi Metro Rail Limited. The fully air-conditioned boat is among the 23 boats being built by the Cochin Shipyard for the 747-crore rupee Kochi Water Metro project. Kochi Water Metro system will have 78 ferries, linking 38 terminals spread over 76 route kilometres.

• The battery-powered water metro boat can carry 100 passengers. KMRL said it was for the first time in the world a centrally controlled integrated water transport system with a large fleet is powered by the battery.

Union Minister Dharmendra Pradhan launched 100-day reading campaign 'Padhe Bharat'

• Union Education Minister Dharmendra Pradhan has launched a 100-day reading campaign ‘Padhe Bharat. The launch of the 100 Days Reading Campaign is in alignment with the National Education Policy (NEP) 2020 which lays emphasis on the promotion of joyful reading culture for children by ensuring the availability of age-appropriate reading books for children in local/mother tongue/regional/tribal language.

• The Minister while launching the campaign has underlined the importance of reading that children need to develop to ensure continuous and lifelong learning. He also reinforced that the habit of reading, if inculcated at an early age, helps in brain development and enhances imagination and provide a conducive learning environment for children.

OBITURY

Hindi film producer Vijay Galani passed away 

• Bollywood film producer Vijay Galani has passed away. He was suffering from blood cancer and was in London for seeking treatment. He is known for producing films like Salman Khan’s Suryavanshi (1992), Govinda and Manisha Koirala’s Achanak (1998), Akshay Kumar’s Ajnabee (2001), Paresh Rawal and Mallika Sherawat’s Bachke Rehna Re Baba (2005), Salman Khan’s Veer (2010). His last production venture was Vidyut Jammwal and Shruti Haasan’s The Power (2021).

IMPORTANT DAYS

World Braille Day 2022: 4th January 

• World Braille Day is observed globally on 4th January since 2019. The day aims to recognize the right of access to braille by blind people and raise awareness of the importance of braille as a means of communication in the full realization of the human rights for blind and partially sighted people. The day is marked remembering the birth anniversary of Louis Braille, the inventor of Braille – for people with visual disabilities. Louis Braille was born on 4th January 1809 in the town of Coupvray in northern France.

• Braille is a tactile representation of alphabetic and numerical symbols using six dots to represent each letter and number, and even musical, mathematical and scientific symbols. Braille (named after its inventor in 19th century France, Louis Braille) is used by blind and partially sighted people to read the same books and periodicals as those printed in a visual font.

BANKING AND ECONOMIC

Tech Mahindra to acquire 100% stake in Allyis India and Green Investments LLC

• Tech Mahindra has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to USD 125 million. The acquisition will bolster Tech Mahindra’s capabilities in Digital Experience Solutions, Learning & Development, Marketing, Instructional Design; Engineering: Cloud & Automation, BI & Analytics, Technical support services.

• Tech Mahindra will pay total consideration of up to $125 million, including employment-related and performance-related earnouts, as per a regulatory update filed with the exchanges. Allyis India Pvt Ltd and Green Investments LLC offer technology consulting and managed services for organisations to help reduce costs, improve performance, and meet their objectives. Allyis India Pvt Ltd was incorporated in 2018 whole Green Investments LLC was incorporated in 2013.

Capital markets regulator SEBI reconstituted its Primary Market Advisory Committee

• Capital markets regulator, Securities and Exchange Board of India has restructured its primary market advisory committee on data. The committee aims to measure pertaining to areas such as securities market data access and privacy. Sebi has appointed Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India S Sahoo as Panel Head. Earlier this panel was headed by Madhabi Puri Buch, an ex-whole time member of Sebi.

• The scope of the work of the committee includes identifying segment-wise data perimeters, data needs and gaps, recommending data privacy and data access regulations applicable to market data. It is responsible for recommending appropriate policy for access to securities market data.

• In addition, the committee recommends standardization of data definitions; data identification logic ( usage of uniform codes for identifying and storing data – raw data and derived data) and data validation techniques (single source of truth, validation).

GST Collection at Rs 1.29 Lakh Crore in December, 13% Higher Than December 2020

• GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month in 2020. The gross GST revenue collected in the month of December 2021 is ₹ 1,29,780 crore, of which CGST is ₹ 22,578 crore, SGST is ₹ 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crores collected on import of goods) and cess is Rs 9,389 crore.

• Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when revenue from goods sold and services rendered stood at over Rs 1 lakh crore. The average monthly gross GST collection for the third quarter (October-December) of the current year has been Rs 1.30 lakh crore against the average monthly collection of Rs 1.10 lakh crore and Rs 1.15 lakh crore in the first and second quarter, respectively.

INTERNATIONAL

Australia to rename islands to Honor Queen Elizabeth on platinum jubilee

• Australia will rename Aspen Island in Canberra's Lake Burley Griffin as part of June 2022 national and community events to celebrate 70th anniversary of the accession of Queen Elizabeth II to the British throne, Australian Prime Minister Scott Morrison said on Saturday.

• "Seventy years of service is a truly immense achievement, and we are proud to join with other Commonwealth nations to celebrate this milestone... Aspen Island in Canberra's Lake Burley Griffin, the home of the National Carillon, will be renamed Queen Elizabeth II.

• According to Morrison, celebrations will include opening of new Queen Elizabeth Water Gardens, the lighting of the Queen's Platinum Jubilee Beacon in Canberra, the release of commemorative stamps and coins, as well as illuminating monuments all around Australia.

Chinese Ministry Launches Five-Year Plan to Become Global Robotics Hub

• China has announced a five-year roadmap to achieve its goal of becoming a global robotics innovation hub by the year 2025. China’s Ministry of Industry and Information Technology revealed operating income from the country’s robotics industry is expected to grow by around 20% per year between 2021 and 2025. From 2016 to 2020, the sector expanded at an average growth rate of 15%. Last year, operating income surpassed 100 billion yuan ($15.69 billion) for the first time.

• To achieve its goal by 2025 of becoming a worldwide robotics innovation centre, China has proposed a strategy concentrating on improvements to essential components such as servo motors and control panels. As per the 2021 World Robot Report, South Korea, Singapore, and Japan were the top three most automated countries in Asia-Pacific.

NATIONAL

Centre approves 9544 Cr grant to Jharkhand under Jal Jeevan Mission

• 315 water supply schemes of Rs. 9,544 Crore approved under Jal Jeevan Mission for Jharkhand. These schemes will providetap water supply to about 8 lakh rural households in 4,424 villages of the State.

• On 15th August 2019, at the time of launch of Jal Jeevan Mission, only 3.45 lakh (5.83%) rural homes in Jharkhand had tap water supply. In 28 months, despite C-19 pandemic and lockdown disruptions, the State has provided tap water connection to 6.73 lakh (11.38%) households. As on date, out of 59.23 lakh rural household in the State, 10.18 lakh (17.20%) are getting tap water supply in their homes.

UP's Jhansi Railway Station Gets A New Name, Called Veerangana Laxmibai Station

• Yogi Adityanath, Chief Minister of Uttar Pradesh has announced that the government of UP has renamed the Jhansi Railway Station, in Jhansi, UP as “Veerangana Laxmibai Railway Station” after Rani Laxmibai. The announcement was made by UP Chief Minister Yogi Adityanath. A notification to this effect has been issued by the UP government and the Railways has started preparations to implement the change. Earlier the Mughalsarai Railway station was renamed as Pt. Deen Dayal Upadhyaya junction and the Faizabad Railway station as Ayodhya Cantt.

Sikkim Governor renamed Jawaharlal Nehru Road as ‘Narendra Modi Marg’

• Governor of Sikkim, Ganga Prasad, has named a new road Narendra Modi Marg. The Governor viewed the road under Kabi Lungchok from Kyongsala, 4th mile. This is an alternative to Jawahar Lal Nehru Marg. The National Monument at National Highway 310 was built by Border Roads Organization. It will be easier for Indian tourists to reach Nathula Border. The stretch, constructed by Border Roads Organisation, has reduced the distance between Gangtok and Tsomgo lake by 15 km.

APPOINTMENT & RESIGNATION

VK tripathi appointed as chairman and CEO of Railway board

• The Indian Railways has appointed VK Tripathi as chairman and Chief Executive Officer (CEO) of the Railway Board. He is currently working as the general manager of North-Eastern Railway, Gorakhpur.

• Tripathi’s appointment has been approved by the Appointments Committee of the Cabinet (ACC) and he is currently General Manager, North-Eastern Railway. He will replace Suneet Sharma, a 1982 batch IRSME officer.

• A career railway officer, Tripathi did his B.Tech (Electrical Engineering) from Roorkee and joined the railways through the Indian Railway Service of Electrical Engineers (IRSEE) batch of 1983.

• His first posting was as an assistant electrical engineer for the Northern Railway.

Asheesh Pandey joins Bank of Maharashtra as executive director

• Shri Asheesh Pandey joined as Executive Director, Bank of Maharashtra (BoM) today on 31st December, 2021. Prior to joining BoM, Shri Asheesh Pandey was Chief General Manager & Chief Operations Officer (COO) at Union Bank of India (UBI). Shri Asheesh Pandey has a progressive professional career spanning more than 24 years and over these years have handled a diversified portfolio ranging from Credit, Credit Monitoring, Treasury & Merchant Banking, Foreign Transactions & Joint Ventures, Marketing & Customer Relationships and Banking Operations.

• Shri Asheesh Pandey is a Mechanical Engineer (Hons) with Post Graduation in Management (Hons) with specialisation in Finance & Marketing.

Online travel company EaseMyTrip has appointed actors Vijay Raaz and Varun Sharma as its brand ambassadors

• Bollywood actors Vijay Raaz & Varun Sharma have been named as brand ambassadors for EaseMyTrip.com (Easy Trip Planners Ltd), an online travel company based in India. EaseMyTrip founded by Nishant Pitti and Rikant Pitti in 2008 was started as the Business-to-Business (B2B) portal and entered into the business-to-consumer (B2C) segment in 2011.

• Raaz and Sharma will be coming together as a duo for the first time for any brand campaign. The actors with their mass appeal and strong connection with the audience will complement the brand’s image. The company added that the actors are admired by fans for their genuine and down-to-earth personalities and their ability to make their acts memorable. They are also known for their impeccable comic timing and both actors have created a niche in the market.

IMPORTANT DAYS

DRDO celebrates its 64th foundation day on 1st January 2022

• Defence Research and Development Organisation (DRDO) is celebrating its 64th foundation day today. It was on this day in 1958 when DRDO was formed to make India strong and self-reliant in terms of science and technology and especially in military technologies.

• Defence Minister Rajnath Singh today wished to all Defence Research and Development Organisation, DRDO scientists and personnel on their 64th Raising Day. In a tweet, Mr Singh said, they are working tirelessly towards strengthening India’s defence capabilities and making the country self-reliant in defence sector. He hoped that the DRDO scientists and personnel will keep serving the nation with the same zeal.

• In the span of 63 years the organization has transformed the landscape of defence research and development in the country. Talking exclusively to All India Radio, the Chairman of DRDO Dr G. Satheesh Reddy said that the last year was the year of major breakthroughs and accomplishments even under the difficult situation posed due to C-19.

NATIONAL

India votes in favour of UNSC resolution to renew mandate of counter-terrorism committee executive directorate

• India will chair the Counter-Terrorism Committee of UNSC in January 2022 after 10 years. The Counter-Terrorism Committee was established by Security Council resolution 1373 adopted unanimously on 28 September 2001 in the wake of the 9/11 terror attacks in the US. The Committee was tasked with monitoring the implementation of resolution 1373 which requested countries to implement a number of measures aimed at enhancing their legal and institutional ability to counter terrorist activities at home and around the world.

• This includes taking steps to criminalize the financing of terrorism, freezing any funds related to persons involved in acts of terrorism, denying all forms of financial support for terrorist groups, suppressing the provision of safe haven, sustenance or support for terrorists and sharing information with other governments on any groups practising or planning terrorist acts.

Jawaharlal Nehru Road renamed as 'Narendra Modi Marg' by Sikkim Guv

• Governor of Sikkim, Ganga Prasad, has named a new road Narendra Modi Marg. The Governor viewed the road under Kabi Lungchok from Kyongsala, 4th mile. This is an alternative to Jawahar Lal Nehru Marg. The National Monument at National Highway 310 was built by Border Roads Organization. It will be easier for Indian tourists to reach Nathula Border. The stretch, constructed by Border Roads Organisation, has reduced the distance between Gangtok and Tsomgo lake by 15 km.

SPORTS

South African Wicketkeeper Quinton de Kock announces retirement from Test cricket

• South Africa’s wicketkeeper-batter Quinton de Kock has announced his retirement from Test cricket with immediate effect late. His announcement came just hours after South Africa’s 113-run defeat to India in the first Test of the three-match series.

• De Kock cited his intentions to spend more time with his growing family for the timing. In a statement, the 29-year-old de Kock said he made his decision in order to have more time to spend with his family. De Kock and his wife Sasha are expecting their first child in the coming days.

NewZealand’s senior batter Ross Taylor announces retirement from international cricket

• Veteran New Zealand batter, Ross Taylor has announced retirement from international cricket at the end of the ongoing domestic season. Taylor hence will play his final appearance in the second Test against Bangladesh, where will equal Daniel Vettori’s record of 112 tests for New Zealand. He will be part of the one-day international series in Australia. He is the first cricketer to play more than 100 matches for New Zealand in all 3 formats.

Indian bowler Jasprit Bumrah 100 Test Wickets

• Jasprit Bumrah has achieved the milestone of picking 100 wickets away from home in 22 Test matches. Van der Dussen became Bumrah’s 100th Test victim in overseas conditions. The 28-year-old now has 105 wickets, out of which 101 have come away from home. Bumrah, who made his Test debut in South Africa in 2018, has played 25 Tests, 23 of which have come on the road.

Indian bowler Mohammed Shami becomes 11th Indian bowler to take 200 wickets in Test cricket

• Mohammed Shami became just the 11th Indian bowler to claim 200 wickets in Test cricket in just 55 test matches. During this process, he became the only 5th Indian pacer to bag 200 wickets in the purest format of the game. Also, Shami is the third fastest Indian pacer to reach this milestone as Kapil Dev and Javagal Srinath bagged 200 Test wickets in 50 and 54 Tests respectively.

APPOINTMEN & RESIGNATION

ITBP DG Arora to hold additional charge of Sashastra Seema Bal

• ITBP director general Sanjay Arora will hold the additional charge of another border guarding force Sashastra Seema Bal (SSB) as the latter’s chief Kumar Rajesh Chandra is set to retire on December 31. Arora, a 1988-batch officer of Tamil Nadu cadre, was appointed the Indo-Tibetan Border Police (ITBP) DG in August and he took charge of the India-China LAC guarding force on September 1. The SSB is primarily tasked to guard unfenced Indian borders with Nepal and Bhutan.

Anupam Ray to be India's new permanent representative at UN Conference on Disarmament

• Senior diplomat Anupam Ray has been appointed as India’s next permanent representative to the UN Conference on Disarmament in Geneva. Ray, a 1994-batch Indian Foreign Service officer, is currently serving as a joint secretary in the MEA’s headquarters in Delhi. Ray will succeed Pankaj Sharma. Sharma, a 1991-batch Indian Foreign Service officer, has been appointed as India’s next ambassador to Mexico.

AWARDS & RECOGNITION

 All India Co-ordinated Research Project (AICRP) on poultry breeding

• The All India Co-ordinated Research Project (AICRP) on poultry breeding, Mannuthy, under the Kerala Veterinary and Animal Science University (KVASU), bagged the national breed conservation award for 2021. The centre received the prestigious award from ICAR – The National Bureau of Animal Genetic Resources (NBAGR) for the conservation and research activities on the Tellicherry breed, the only registered native chicken breed from the State.

• The centre started conservation of the Tellicherry breed in 2014. Through scientific selection and management, the breed began laying eggs as early as in five months and the annual egg production increased to 160-170 eggs.

BANKING AND ECONOMIC

SBI acquires 9.95% stake in India International Exchange (IFSC)

• State Bank of India will acquire up to 9.95 per cent stake in India International Clearing Corporation (IFSC) Ltd subject to a maximum investment of Rs 34.03 crore. The Clearing Corporation is a GIFT City (Gandhinagar, Gujarat) based Market Infrastructure Institution (MII). The Corporation is the first international clearing corporation to be set up at Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC). The Clearing Corporation acts as a central counterparty providing clearing & settlement and risk management services to India International Exchange (IFSC) Ltd.

NATIONAL

PM Narendra Modi launches blockchain-based digital degrees at IIT Kanpur convocation

• Under the National Blockchain Project, Prime Minister Narendra Modi has launched blockchain-based digital degrees at the 54th Convocation Ceremony of IIT Kanpur. Later Prime Minister also inaugurated the completed section of the Kanpur Metro Rail Project and the Bina-Panki Multiproduct Pipeline Project. These digital degrees can be verified globally and are unforgeable.

• The blockchain technology being used by IIT Kanpur to award digital degrees has been developed in-house. It is being touted as a revolutionary technology for the education sector. The technology is already being used in the financial sector. The technology has been developed by the institute under the National Blockchain Project.

PM inaugurates Bina (MP)-Panki (UP) Multiproduct pipeline project, Total cost of the project is Rs.1524 crore

• Prime Minister Narendra Modi has inaugurated the 356 Km long Bina Refinery (Madhya Pradesh)- POL Terminal at Panki (Kanpur, UP) Multiproduct pipeline project ( capacity of 45 million metric tonnes per annum) with an outlay of Rs 1524 crore (Rs. 1227 crores in UP and Rs. 297 crores in MP). The project has been completed and commissioned one month ahead of the approved completion schedule of December 2021 (3 years from PNGRB authorisation) and within the approved cost. It will provide for safe and efficient evacuation of products from Bina Refinery and also improve the availability of products in Eastern U.P, Central U.P., Northern Bihar and Southern Uttarakhand.

• PM has also inaugurated the completed section of the Kanpur Metro Rail Project and undertook a metro ride from the IIT metro station to Geeta Nagar. The entire length of the Metro Rail Project in Kanpur is 32 Km and is being built at a cost of around ₹11,000 crores. PM also attended the 54th Convocation Ceremony of IIT (Indian Institute of Technology) Kanpur.

APPOINTMENT & RESIGNATION

CP Goyal as Director-General of Forests & Special Secretary

• Indian Forest Service officer, Chandra Prakash Goyal has been appointed as the Director-General of Forests & Special Secretary (DGF&SS), Ministry of Environment, Forests & Climate Change. Goyal, a 1986 batch IFS officer was previously the Principal Chief Conservator of Forest under Uttar Pradesh Department of Forest.

• The Appointments Committee of the Union Cabinet approved the appointment of the IFoS officer. He had returned to UP after being on central deputation as Joint Secretary in the Indian Department of Biotechnology.

AWARDS & RECOGNITION

Sahitya Akademi Announces Winners Of Yuva Puraskar, Bal Sahitya Puraskar 2021

• Sahitya Akademi announced its prestigious Sahitya Akademi Awards, Yuva Puraskar and Bal Sahitya Puraskar 2021 in various languages. According to the board, an engraved copper plate, shawl and an amount of Rs 1 lakh will be given to the main Sahitya Akademi prize winner and an engraved copper plate and an amount of Rs 50,000 each will be given to the Yuva Puraskar and Bal Sahitya Puraskar.

• The Sahitya Akademi Award 2021 was given in 20 Indian languages, the winner of Gujarati, Maithili, Manipuri, and Urdu languages will be announced at a later date. Seven books of poetry, two novels, five books of short stories, two plays, one book each of biography, autobiography, criticism, and epic poetry have won the Sahitya Akademi Awards 2021. Author, Namita Gokhale was awarded for her novel Things to Leave Behind.

RANKING

ARIIA rankings: IIT Madras bags No. 1 spot for third consecutive year

• IIT Madras has bagged the first position in the Atal Ranking of Institutions on Innovation Achievements (ARIIA) 2021, for the third consecutive year, under the category of CFTIs/ Central Universities/ Institute of National Importance (Technical). The third edition of the ARIIA ranking was dominated by the IITs in the centrally funded institution category. Seven IITs are on the top-10 list. IIT-Madras is followed by IIT Bombay, IIT Delhi, IT Kanpur, and IIT Roorkee. The Indian Institute of Science (IISc) in Bengaluru bagged the sixth position in the category.

• In the state and deemed to be universities category, Panjab University (Chandigarh) topped the ranking followed by Delhi Technological University, and Netaji Subhas University of Technology (Delhi).

• In the government engineering colleges category, the College of Engineering in Pune stood first, followed by PSG College of Technology in Tamil Nadu, and LD College of Engineering in Gujarat.

BANKING AND ECONOMIC

India welcomes Egypt as member of New Development Bank of BRICS

• Egypt added as the fourth new member of BRICS New Development Bank. Bangladesh, UAE, and Uruguay joined BRICS New Development Bank in September 2021. Membership expansion enables New Development Bank to position itself as a premier development institution for emerging economies. BRICS New Development Bank is a multilateral bank that was established by Brazil, Russia, China, India, and South Africa to finance sustainable development and infrastructure projects.

Real GDP likely to sustain 9% growth rate in FY22 & 23: Icra

• ICRA Credit rating agency has expected India’s real gross domestic product (GDP) will grow with 9% rate in fiscal years 2022 and 2023. The Indian economy has grown at 8.4 percent in the second quarter of the current fiscal year. ICRA said the growth momentum is not enough to confirm a change in the Monetary Policy stance in the February 2022 review. The Future Expectation Index continued to display optimism because of improving the overall economic situation.

Axis Bank is 2nd largest in PoS machines in India

• Axis Bank has become the second-largest merchant-acquiring bank in the country, leapfrogging two spaces during 2021 by installing over two lakh card-swipe machines during the year. This is part of the bank’s ‘Axis One’ strategy where it approaches the customers by offering its entire gamut of products instead of a standalone service.

• Axis Bank’s strategy to increase the number of merchants is to offer the latest in technology to them and address pain points. For instance, the bank installs Android PoS machines and has also come out with a printer-less compact machine. On the agenda are bring-your-own-device (BYOD) solutions that will enable the use of regular smartphones with an attachment for accepting cards.

IndusInd Bank has announced the launch of 'Green Fixed Deposits'

• IndusInd Bank has announced the launch of ‘green fixed deposits’, whereby the deposit proceeds will be used to finance projects and firms supporting the UN’s Sustainable Development Goals (SDGs). A green deposit is a fixed-term deposit for investors looking to invest their surplus cash reserves in environmentally friendly projects. These deposits will be offered to both retail & corporate customers.

• The Bank will use the proceeds from these deposits to finance a wide array of sectors falling under the SDG category including, energy efficiency, renewable energy, green transport, sustainable food, agriculture, forestry, waste management and greenhouse gas reduction.

• The interest on the Green deposit remains attractive with an additional benefit of 50 basis points for senior citizens. In all ways, it is similar to a regular bank deposit but in addition, depositors will be issued a ‘Green’ certificate as well as an ‘Assurance’ certificate confirming the end-use of deposit proceeds at the end of the financial year.”

RBI releases report on trend and progress of banking in India

• India’s central bank, RBI has released the latest iteration of its annual report on the financial performance of the country. In its report, the Reserve Bank of India (RBI) details that, despite the devastation caused by the COVID-19 outbreak in India, the financial performance of banks has improved, citing a fall in the gross non-performing asset ratio for scheduled commercial banks (SCBs).

• The report, titled ‘Report on Trend and Progress of Banking in India,’ also showed how a rise in profitability of SCBs in 2020-21 was driven less by an increase in income but more via reductions in expenditure.

• The gross non-performing assets (GNPAs) ratio of SCBs fell from 8.2 per cent at the end of March 2020 to 7.3 per cent in March 2021. This decreased further to 6.9 per cent at the end of September 2021.

INTERNATIONAL

Docprime launches India’s first ABDM integrated Health Locker

• Docprime tech has launched India’s first health locker integrated with Ayushman Bharat Digital Mission (ABDM). ABDM was launched in August 2020 for developing an integrated digital health infrastructure in the country. ABDM integrated Health Locker will provide users a digital and self-consented health data management system without any charges. It will store and manage health records electronically.

• Users can create digital Health IDs for themselves and for their family members on ABDM integrated Health Locker.

NATIONAL

World Sangeet Tansen festival begin in Madhya Pradesh

• In Madhya Pradesh, the 97th edition of the World Sangeet Tansen festival started in Gwalior. A five-day World Sangeet Tansen festival starts from December 25 to December 30 in the city. The stage of the program has been constructed on the theme of the Siddhanath temple situated in Omkareshwar. Many artists not only from India but also from abroad will participate in the music festival.

• The first seven concerts were held at the stage prepared at the mausoleum of Tansen and the tomb of Mohammad Ghaus. The eighth concert will be held on the banks of the Jhilmil river, in Behat (Birthplace of Tansen) on December 30. The last brief concert will be held at Gwalior Fort on the same day.

Stalin goes green by launching 'Meendum Manjappai' scheme

• Tamil Nadu Chief Minister M.K. Stalin has launched the ‘Meendum Manjappai’ scheme to promote the use of cloth bags by the public and discourage the use of plastic bags. This awareness campaign on using ‘yellow’ cloth bag or ‘manjapai’ as it is called in Tamil, is aimed at encouraging the people to return to the use of this eco-friendly bag and discard the plastic bags. The state government had enforced a ban on the production, use, storage, distribution, transportation or sale of 14 types of plastics with effect from January 1, 2019.

• A government committee has identified the single-use plastic (SUP) items to be banned based on an index of their utility and environmental impact. 

• The first category of SUP items proposed to be phased out are plastic sticks used in balloons, flags, candy, ice cream and earbuds, and thermocol that is used in decorations.

APPOINTMENT & RESIGNATION

Kamlesh Gandhi, CMD of MAS Financial Services has been appointed as Co-Chairman, FIDC

• Finance Industry Development Council (FIDC) has announced fresh appointments to its board of directors. Kamlesh Gandhi, CMD of MAS Financial Services has been appointed as Co-Chairman, FIDC in addition to Umesh Revankar, CEO and MD of Shriram Transport Finance Group. Sanjay Chamria has resigned as the Co-Chairman and Director, FIDC.

• Finance Industry Development Council (FIDC), which is a representative body of asset and loan financing NBFCs, has announced fresh appointments to its board of directors. Dinanath Dubhashi, MD and CEO, L&T Finance Holdings has been appointed as an additional Director of FIDC. The appointments were approved at a board meeting of FIDC on December 21.

UAE’s Mohammed Ben Sulayem elected as FIA president

• Mohammed Ben Sulayem of the United Arab Emirates has been elected successor to Jean Todt as the first non-European president of motorsport’s world governing body, the International Automobile Federation (FIA).

• The FIA is the governing body for Formula One, the World Rally Championship, World Endurance and Formula E among other series. The 60-year-old Dubai-born former rally driver was standing against British lawyer Graham Stoker, who has been Todt’s deputy president for the sport since 2009.

RBL Bank MD, CEO Vishwavir Ahuja steps aside; Rajeev Ahuja appointed new MD

• The RBL Bank board has appointed Rajeev Ahuja, who’s currently working as the Executive Director at the bank, as interim Managing Director & Chief Executive Officer of the bank with immediate effect, subject to the regulatory and other approvals. The board of directors at its meeting has accepted the request of Vishwavir Ahuja, Managing Director and CEO of the bank, to proceed on leave with immediate effect.

AWARDS & RECOGNITION

Anukrti Upadhyay’s Kintsugi wins the Sushila Devi Award 2021 for the best book of fiction by a woman author

• Anukrti Upadhyay has won the Sushila Devi Award 2021 for the Best Book of Fiction for her novel, Kintsugi, which was published by the Fourth Estate imprint. The Ratanlal Foundation and the organizing Committee of the Bhopal Literature and Art Festival announced the winner, for this notable award for fiction written by a woman author and published in 2020. This prize has been instituted by the Shri Ratanlal Foundation.

• Anukrti Upadhyay has post-graduate degrees in Management and Literature, and a graduate degree in Law. She writes in both English and Hindi. She stunned readers and critics alike with the twin novellas Daura and Bhaunri in 2019 and delighted Hindi readers with the short story collection Japani Sarai.

BOOKS & AUTHOR

A new book by the former Indian Army Chief Gen. Nirmal Chander

• A new book by former Indian Army Chief of Staff Gen. Nirmal Chander Vij (ret) claims to offer a “full picture” of the conflicts in Jammu and Kashmir and the way forward. The book published by HarperCollins India, the book of General Vij, The riddle of “Kashmir: the quest for peace in a troubled land”.

• In the book, General Vij argues that the conflicts in Jammu and Kashmir are “symptomatic of Indo-Pakistani rivalry” after the partition, and contextualizes the issue by beginning the book with a summary of the history of the region. General Vij had been Director General of Military Operations during the Kargil War. After his retirement in 2005, he was founding vice president of the National Disaster Management Authority and director of the think tank Vivekananda India Foundation.

RANKING

Gujarat tops in composite Good Governance Index 2021

• Good Governance Index 2021 was launched by Union Minister Amit Shah on the occasion of the Good Governance Day on 25 December 2021. GGI 2021 was prepared by the Department of Administration Reforms and Public Grievances (DARPG). The GGI 2021 framework covered 10 sectors and 58 indicators. The aim of the Good Governance Index is to create a tool that can be used uniformly across the states for assessing the impact of various interventions that are taken up by Central and State Governments.

• Good Governance Index is an implementable and comprehensive framework that assesses the state of Governance across the Indian States and Union Territories enabling ranking of States and districts.

BANKING AND ECONOMIC

HDFC Bank wins coveted CII award for ‘Most Innovative Best Practice’ for financial inclusion

• HDFC Bank has been named under ‘Most Innovative Best Practice’ at the coveted Confederation of Indian Industry (CII) Digital Transformation Award 2021 or CII DX Award 2021. It will be recognized for the HDFC’s efforts in world-class financial inclusion in Village Level Executive (VLE) centres along with the Government of India’s Common Service Centres (CSC).

INTERNATIONAL

Indian-origin philanthropist Dr Imtiaz Sooliman named South African Of The Year

• Indian-origin philanthropist and founder of disaster relief group ‘Gift Of The Givers’, Dr Imtiaz Sooliman has won the prestigious South African of the Year Award run by the Daily Maverick newspaper.

• South Africans across the board voted for Sooliman, putting Deputy Chief Justice Raymond Zondo in second place. Zondo heads the Commission of Inquiry into State Capture, which investigates fraud and corruption in the public sector, including state organs.

• Sooliman, in his acceptance speech at the Al Quds Mosque in Cape Town on Friday, called on Muslims worldwide to engage in caring for all communities to change Islamophobic perceptions.

NATIONAL

Gujarat govt launches ‘Nadi Utsav’ to honour rivers, raise awareness about their protection

• The Gujarat government on Sunday launched ‘Nadi Utsav’, or river festival, to honour rivers for their contribution to the development of the state as well as to raise awareness about their protection.

• Chief Minister Bhupendra Patel participated in a state-level launch function at a weir-cum-causeway on Tapi river here, where he worshipped Goddess Tapi with Vedic rituals.

• The state government is committed to building a riverfront on the Tapi river in Surat, Patel said at the function, organised as part of ‘Azadi Ka Amrit Mahotsav’, being celebrated across the country, to honour rivers.

Indian Army launched ASIGMA messaging app

• Indian Army has launched a contemporary messaging application named ‘ASIGMA’ (Army Secure IndiGeneous Messaging Application). It is a new generation web-based application developed entirely in-house by a team of officers of the Corps of Signals of the Army. It works as an alternative to Army Wide Area Network (AWAN) messaging application which has been in service for the past 15 years. The application has been sent out on Army-owned hardware and will cater to the army from this time forward, lending itself to lifetime support with future upgrades.

• The messaging application is designed to meet all futuristic requirements for the army and boasts of an enhanced user experience. It comes with a variety of contemporary features including multi-level security, dynamic global address book, message prioritisation, and tracking, and options to meet the requirements of the army at present. This future-ready messaging application will meet the real-time data transfer and messaging requirements of the Army, especially in the backdrop of the current geopolitical security environment. ASIGMA has been developed in line with the Government of India’s, Make in India initiative.

APPOINTMENT & RESIGNATION

Madhya Pradesh govt appoints new public relations chief

• The Madhya Pradesh government has appointed Raghvendra Kumar Singh, a 1997-batch IAS officer, as the new principal secretary and commissioner of the state public relations Department.

• As per a government order, Singh, who was the principal secretary and commissioner of Technical Education, has also been made the managing director of Madhya Pradesh Madhyam, a communication platform of the state government.

OBITURY

Grammy-winning musician JD Crowe dies at 84

• Grammy-winning bluegrass musician J.D. Crowe, whose influential career spanned more than 50 years, has died. He was 84. His son, David, confirmed the death on Saturday to The Associated Press. "We just want to thank everyone for their thoughts and prayers during this difficult time. As great of a musician as dad was, he was even better husband, father and friend," David said in a brief message. Crowe died Friday of undisclosed causes.

IMPORTANT DAYS

International Day of Epidemic Preparedness 2021: 27th December

• The United Nations and World Health Organization marked December 27 as the International day for Epidemic Preparedness. Battered by the Covid-19 pandemic, humans have learned about epidemic preparedness the hard way. In a bid to prepare for future outbreaks and sensitise people about epidemics on all levels. The day was first observed last December when the United Nations General Assembly had emphasised on the need to advocate the importance of the preparedness for, prevention of and partnership against epidemics.

• As per a WHO statement, the need of the hour is to invest in systems that can help detect, prevent and respond to outbreaks that have the ability to disrupt health systems, supply chains and livelihood of especially the poorest countries. The UN also aims at popularising the One Health approach that fosters the integration of plant health, human health and animal health along with other relevant sectors.

AWARDS & RECOGNITION

Greenman Viral Desai Honoured With Global Environment And Climate Action Citizen Award

• Surat’s noted industrialist Viral Desai, popularly known as Greenman for his love for the environment, has been awarded the prestigious Global Environment and Climate Action Citizen Award in Dubai.

• Viral Desai and the other winners were felicitated at Dubai’s Atlantis, The Palm, on December 23, with the Bharat Gaurav Samman by Sanskruti Yuva Sansthan. The UAE’s Foreign Trade and Economic Development Department’s Director-General Sheikh Awad Mohammed Mugrin graced the ceremony with his presence. Twenty-eight prominent personalities from 11 countries, including the UK, the US, New Zealand, France, and Malaysia, were felicitated with the prestigious awards on occasion, but Viral Desai was the only one from India to have won the honour for climate action.

BANKING AND ECONOMIC

Paytm Payments Bank, MoneyGram partner to offer international remittance directly to Paytm Wallet

• Paytm Payments Bank has partnered with MoneyGram, a peer-to-peer remittance company to enable international fund transfer directly to Paytm Wallet. Under the Partnership, MoneyGram users abroad can now transfer money to any full Know Your Customer (KYC)-compliant Paytm wallet. MoneyGram transactions in India received digitally stands at nearly 50 per cent of all transactions received in the country. This is MoneyGram’s first mobile wallet partnership in India.

• MoneyGram transactions in India received digitally currently represent nearly 50 per cent of all transactions received in the country. The number of transactions sent directly to bank accounts is up about six times from just under 10 per cent two short years ago.

Federal Bank and Vayana Network bagged the 'Most Effective Bank-Fintech Partnership' award

• Vayana Network, one of India’s largest trade finance platforms, and Federal Bank, a leading Private Sector Bank have been awarded the ‘Most Effective Bank-Fintech Partnership: Agile and Adaptable’ at the IBSi-Global Fintech Innovation Awards 2021. The award was conferred in recognition of Vayana Network’s partnership with Federal Bank, for automating and simplifying Supply Chain Finance. This year, the Innovation Awards attracted global attention with over 190 participants from 48 countries.

• Federal Bank partnered with Vayana Network to provide a seamless onboarding experience to dealers through their unique ‘Full Stack’ tech infrastructure – that facilitates end to end digital solution including client supply chain account set up, monitoring, digital authentication of documents on the transaction platform and notification to customers at every step.