Current Affairs

3 January, 2022

International

Russia test-fires New Hypersonic Tsirkon Missiles from Frigate & Submarine

Russia successfully test-fired around 10 new Tsirkon (Zircon) hypersonic cruise missiles from a frigate and other two missiles from a submarine.
About Tsirkon (Zircon) Hypersonic Cruise Missile:
i.The Tsirkon Cruise Missile will join Avangard glide vehicles and the air-launched Kinzhal (Dagger) missiles in Russia’s hypersonic arsenal. Cruise missiles differ from ballistic missiles in that they fly towards their target at lower altitudes, remaining within the Earth’s atmosphere throughout their trajectory.

ii.It is one of the several missiles being developed in Russia that will arm up Russian submarines, frigates, and cruisers.
iii.Hypersonic Weapons are much harder to track and intercept than traditional projectiles because they can travel more than five times the speed of sound and maneuver in mid-flight.
About Russia:
President– Vladimir Putin
Capital-Moscow
Currency-Russian ruble

Somalia’s President suspended Prime Minister Mohamed Hussein Roble over Corruption Allegations

Mohamed Abdullahi Mohamed, President of Somalia, widely known as Farmaajo, has suspended Prime Minister(PM) Mohamed Hussein Roble over allegations of corruption, misuse of public land and trade allegations over the holding up of parliamentary elections. The president has also suspended Brigadier General Abdihamid Mohamed Dirir, the commander of the Somali Navy. The PM and the marine forces commander are suspended until corruption investigations are complete.

Note:
The constitution of the Somali gives the President the power to appoint a premier, but the Parliament has the power to dismiss or vote no confidence in the prime minister and his cabinet.
About Mohamed Hussein Roble:
i.Mohamed Hussein Roble was appointed as the Prime Minister of the Federal Republic of Somalia in September 2020, following the resignation of Hassan Ali Khaire on 25 July 2020.
ii.Prior to his appointment as PM, he served as a member of the United Nations at the International Labour Organization in Nairobi, Kenya.
About Somalia:
President– Mohamed Abdullahi Mohamed
Capital– Mogadishu
Currency– Somali shilling

National

Information Technology Minister Ashwini Vaishnaw launched the India Semiconductor Mission

Information Technology Minister Ashwini Vaishnaw launched the India Semiconductor Mission (ISM) to attract large investments for setting up semiconductor wafer fabrication facilities in India. The companies that are interested are invited by the Centre for the development of the semiconductors and display manufacturing ecosystem in India. ISM is a specialised and independent business division within the Digital India Corporation.

About Scheme for setting up semiconductor fab and the display fab:
i.Application Duration: application period will be for 45 days (i.e. till February 15, 2022) (extendable based on response). A fab – It represents a fabrication plant where raw silicon wafers are processed and turned into integrated circuits.

ii.Fiscal support: The fiscal support of up to 50 percent of the project cost (ceiling of Rs 12,000 crore per fab) will be provided for the scheme for setting up display fabs. Fiscal support will be provided on ‘pari-passu’ basis for a period of six years from the date of approval both for semiconductor fabs and display fabs.

About Ministry of Electronics and Information Technology (MEITY):
Union Minister – Ashwini Vaishnaw (Constituency – Odisha)
Minister of State – Rajeev Chandrasekhar (Constituency – Karnataka)

MoPNG Formed Energy Transition Advisory Committee headed by Tarun Kapoor to Prepare Energy Transition Roadmap for India

The Ministry of Petroleum and Natural Gas (MoPNG) has set up the Energy Transition Advisory Committee(ETAC) headed by the former petroleum secretary Tarun Kapoor, who resigned from the office, to draft the strategy.
Background:
The Government of India has been planning to come up with an energy transition roadmap for the oil and gas sector to enhance India’s efforts to achieve net-zero emissions by 2070.
Energy Transition Advisory Committee:
The committee tasked to prepare a step-by-step plan for complete transitioning from fossil fuels to clean energy has been given 6 months (middle of 2022) time to prepare and submit the roadmap.
About Ministry of Petroleum and Natural Gas(MoPNG):
Union Minister– Hardeep Singh Puri (Rajya Sabha- Uttar Pradesh)
Minister of State– Rameswar Teli (Constituency- Dibrugarh, Assam)

NATIONAL DoT sets up Six Task Forces to Explore 6G Development

The Department of Telecommunications (DoT) of the Ministry of Communication formed a task force under the Technology Innovation Group (TIG) on 6G (6th Generation) technology to explore technological innovations and various commercial uses. The task forces will enable research and development, manufacturing, prepare pre-standardisation and market readiness framework.

Highlights:
i.Under the 6G TIG, the Six task forces will be set up to provide research and development support in the form of inputs.
Task force on Multi-Platform for Next Generation Networks – Bhaskar Ramamurthy, Director, Indian Institute of Technology (IIT)-Chennai.
Task force on Spectrum Policy – Abhay Karandikar, Director, IIT-Kanpur.
Task force on Multi-Disciplinary Innovative Solutions and Devices – Bharadwaj Amrutur, Director, Indian Institute of Science (Iisc) Bangalore.
Task force on Devices – Kiran Kumar Kuchi, Director, IIT-Hyderabad.
Task Force Group for Financing Research And Development – Ashok Kumar Tiwari, Member (Technology), Digital Communications Commission (DCC). Task force on international standards – NG Subramaniam, chairman of the Telecommunications Standards Development Society, India (TSDSI).
Ministry of Communication:
Union minister– Ashwini Vaishnaw (Odisha)
Minister of State– Devusinh Chauhan (Kheda, Gujarat)

Economy

SEBI reconstituted Market Data Advisory Committee Chaired by S Sahoo

Security Exchange Board of India (SEBI) reconstituted 20 members Market Data Advisory Committee (MDAC) to recommend policy measures in areas like securities market data access and privacy.The MDAC will be chaired by S.Sahoo. S Sahoo is a Professor at National Law University, Delhi & former chairperson, Insolvency and Bankruptcy Board of India (IBBI). The previous committee was headed by Madhabi Puri Buch, ex-whole time member of SEBI.
The Security Exchange Board of India (SEBI):
Chairman- Ajay Tyagi
Headquarters- Mumbai, Maharashtra
Founded- 1992

Paisabazaar.com and Axis Bank Launches Pre-Qualified Program for Personal Loans

Paisabazaar.com, the digital marketplace for consumer credit partnered with Axis Bank to launch a pre-qualified program for unsecured loans on its platform. The pre-qualified program involves deep technology and analytics collaboration with banks and non-bank financiers, enabling customers to view customized and pre-qualified lending offers.

Highlights:
i.Axis Bank customers (salaried and self-employed), who are eligible for pre-qualified personal loans can view and apply for the same offers through the Paisabazaar platform.
ii.The pre-qualified credit products involving paperless processes and quick disbursals leads to instant access to credit through an end-to-end digital process in very few steps on Paisabazaar.
About Paisabazaar.com:
Co-Founder & CEO – Naveen Kukreja
Establishment – 2014
Headquarters – Gurugram, Haryana
About Axis Bank:
CEO & MD – Amitabh Chaudhry
Establishment – 1993 (Commenced operation – 1994)
Headquarters – Mumbai, Maharashtra
Tagline – Badhti Ka Naam Zindagi

Sports

Cricket – Himachal Pradesh Cricket Team won 2021-22 Vijay Hazare Trophy

Himachal Pradesh cricket team won its maiden Vijay Hazare Trophy 2021-22 or 20th season of the Vijay Hazare Trophy title after defeating Tamil Nadu in the finals that was held at Sawai Mansingh Stadium, Jaipur, Rajasthan.
Shubham Arora of Himachal Pradesh was adjudged as the Player of the Match for his majestic hundred in the final.
It is Himachal’s first-ever domestic title. Himachal Pradesh team defeated Tamil Nadu team by 11 Runs and also used VJD method (V Jayadevan system) to win.
Vijay Hazare Trophy also known as the Ranji One-Day Trophy, is an annual Twenty 20 (T20) cricket tournament conducted since 2002-03. It is named after the famous Indian cricketer Vijay Hazare.It is a “List A cricket tournament” in India & Administered by Board of Control for Cricket in India (BCCI)

Miscellaneous

Sahitya Akademi Awards, Yuva Puraskar and Bal Sahitya Puraskar 2021 announced

i.The Executive Board of the Sahitya Akademi, an autonomous organization under the Ministry of Culture, met in New Delhi under the Chairmanship of Dr. Chandrashekhar Kambar, President, Sahitya Akademi. During this, the annual Sahitya Akademi Awards, Yuva Puraskar, and Bal Sahitya Puraskar for the year 2021 were announced.
ii.On the basis of majority vote by jury, the awards were approved by the Executive Board.
iii.The awards recognized books first published during the five years immediately preceding the year of award i.e. books published between 2015 and 2019 are considered.
iv.The awards will be conferred at the award presentation function which will be held at a later date.
About Ministry of Culture:
Union Minister– Gangapuram Kishan Reddy (Secunderabad, Telangana)
Ministers of State (MoS)- Arjun Ram Meghwal (Bikaner,Rajasthan), and Meenakshi Lekhi (New Delhi, Delhi)

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Daily Current Affairs | 20th January 2022

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