9 January, 2022
India’s GDP growth rate stood at 9.2% in FY22: First Advance Estimates of National Income for FY22 by NSO
i.The First Advance Estimates (FAE) of National Income at both Constant (2011-12) and Current Prices, for the financial year 2021-22 (FY22) released by National Statistical Office (NSO), Ministry of statistics and planning implementation (MOSPI).
ii.In accordance with the estimates the growth in real Gross Domestic Product (GDP) or GDP at Constant Prices (2011-12) for FY22 stood at 9.2% as compared to the contraction of 7.3% (-7.3%) in 2020-21. It is 1.3% over the pre-Covid levels of FY20.
iii.This estimate is lower than the 9.5% GDP growth projection of the Reserve Bank of India (RBI) in December 2021.
iv.Per capita net national income in real terms is estimated to be Rs 1,06,975 crore in FY22, lower than Rs 1,07,589 crore in FY20.
About Ministry of Statistics and Programme Implementation (MoSPI):
Minister of State Independent Charge – Rao Inderjit Singh
Constituency– Gurugram, Haryana
NPCI sets standardized limits for cash withdrawals and mini statements on AePS transactions
In order to make Aadhaar enabled Payments Systems more standardized (AePS), the National Payments Corporation of India (NPCI) has introduced limits for cash withdrawals and mini statements which needs to implement by the acquiring banks by January 15, 2022.
What are the guidelines?
i.As per the guidelines, the acquiring banks will have to implement a maximum limit of five approved cash withdrawal transactions per customer per terminal per day.
Cash withdrawal from micro ATMs (Automated teller machine) of AePS has a limit of Rs 10,000 per transaction.
ii.Issuers will implement a standardised limit of a minimum of five approved cash withdrawal transactions per month for every customer.
iii.Further, issuers will also implement a standardised limit of a minimum of five mini statement transactions per customer per month.
iv.There will also be Two-factor authentication for login of business correspondents (BC), agents and merchants at least once a day with one of the factors as Aadhaar based biometric authentication. For this measure the deadline is fixed at January 31, 2022.
In March 2021, NPCI asked banks to implement a minimum monthly limit of five mini statement transactions. Post five transactions, issuer banks can either decline the request or charge a fee. A total of 9.6 crore transactions worth Rs 25,860.92 crore took place through AePS in December 2021.
About National Payments Corporation of India (NPCI):
It is an umbrella organization for operating retail payments and settlement systems in India.
MD & CEO– Dilip Asbe
Headquarter– Mumbai, Maharashtra
Worlds’ Five Powerful Nations Issue Pledge to Prevent Spread of Nuclear Weapons
The 5 most powerful nations of the world, viz China, France, Russia, the UK (United Kingdom) and the US (United States) have agreed and signed a pledge (a joint statement) to prevent atomic weapons from spreading and to ensure a nuclear war is never fought. The 5 nations were the nuclear weapons states recognised by the 1968 Treaty of the Non-proliferation of Nuclear Weapons (NPT) and they were also the 5 permanent members of the United Nations Security Council. They are known as the P5 or the N5. The joint statement represents a renewed commitment to prevent any confrontation from turning into a nuclear war.
Note – The joint pledge was issued ahead of the 10th review of the NPT, which was postponed from its scheduled date of January 4, 2022, to later in 2022.
About Treaty of the Non-proliferation of Nuclear Weapons (NPT):
i.It is an international treaty to prevent the spread of nuclear weapons and weapons technology, to promote cooperation in the peaceful uses of nuclear energy and to achieve complete nuclear disarmament.
ii.The treaty was opened for signature in 1968, and later entered into force in 1970. A total of 191 States have joined the Treaty, including the five nuclear-weapon States.
iii.4 UN member states that have never signed the treaty were India, Israel, Pakistan, and South Sudan.
iv.North Korea is the only country to withdraw from the treaty.
Gurugram to Get India’s 1st Heli-Hub with Many Aviation Facilities
The government of Haryana in collaboration with the Ministry of Civil Aviation is set to establish India’s first-ever Heli Hub in Gurugram. The first of its kind heli-hub in Gurugram is designed to all the facilities in one place for Helicopters. The hub will have several aviation facilities like Heliport, Hangars, repairs and other related services. The hub will be developed in 10-20 acres of land well connected with Dwarka Expressway and National Highway(NH)8.This is one of the 10 helicopter hubs and corridors proposed under the new Helicopter Policy of the Civil Aviation Ministry.
PM Modi Inaugurates the 2nd campus of Chittaranjan National Cancer Institute in Kolkata
Prime Minister(PM) Narendra Modi virtually inaugurated the 2nd Campus of the Chittaranjan National Cancer Institute (CNCI) in Rajarhat New Town area of Kolkata, West Bengal. The facility would assist in ensuring quality healthcare to the people of the poor and middle class. The new campus build at a cost of over Rs 540 crore has 460 beds for a comprehensive cancer unit equipped with state of the art facility for cancer diagnosis staging, treatment and care. The new campus will also act as an advanced cancer research facility. Mamata Banerjee, the Chief Minister(CM) of West Bengal attended the event through video conference.
Rajnath Singh flags-in India’s 1st Multidimensional Adventure Sports Expedition in France
The Union Defence Minister, Rajnath Singh flagged-in the first multi-dimensional adventure sports expedition of India, which was conducted by the National Institute of Mountaineering and Allied Sports (NIMAS) in France.
i.The expedition was led by the Director of NIMAS Colonel Sarfaraz Singh along with 12 others which include 8 Army personnel and 4 youths of Arunachal Pradesh.
ii.The appreciation certificates were distributed by the Union Defence Minister in New Delhi.
About the Expedition:
i.The expedition team carried out over 250 kilometres (KM) of winter trekking in the Alps Mountain Ranges in France.
ii.The team explored the Tour De Mont Blanc trek, which covered the French, Swiss and Italian Alps.
iii.The cycling journey of over 975 KM was also carried out from Alps Mountain Ranges to the English Channel without any logistics near Dunkirk via France, Switzerland and Belgium.
Major Rivers- Loire, Rhône, Seine, Garonne, Dordogne. The capital city Paris is located on the Seine River in France.
Mont Blanc is the highest peak in the Alps Mountain range, the longest mountain range in Europe. Mont Blanc is located at the border of France, Italy & Switzerland
President– Emmanuel Macron
India to overtake Japan as Asia’s second largest economy by 2030: IHS
In accordance with IHS Markit Ltd report, India will overtake Japan as Asia’s second-largest economy by 2030. India’s Gross Domestic Product (GDP) is also projected to surpass that of Germany and the United Kingdom (UK) to rank as world’s No.3. Currently, India is the sixth-largest economy in the world, behind the United States (US), China, Japan, Germany and the UK.
India’s GDP growth for FY22 Could be Revised to 9.5%: SBI Ecowrap
As per the report of State Bank of India’s (SBIs) economic research team Ecowrap, India’s Gross Domestic Product (GDP) growth in FY22 was estimated to be revised to around 9.5 percent.
Nominal GDP growth:
i.The nominal GDP growth stands at 17.6 percent in FY22, which is the second-highest nominal growth achieved, compared to 19.9 percent in 2010-11 and 17.1 percent growth in 2006-07.
ii.The data indicates that the overall GDP growth is 1 percent above the pre-pandemic level (FY20).
About State Bank of India (SBI):
Chairman – Dinesh Kumar Khara
Establishment – 1st July 1955
Headquarters – Mumbai, Maharashtra
Sri Lankan Cricketer Danushka Gunathilaka Announces Retirement from Test Cricket
Sri Lanka Cricket (SLC), a National Cricket Association of Sri Lanka had announced, the Country’s opening batsman, Danushka Gunathilaka, announced retirement from Test cricket at the age of 30 to focus on white-ball formats. Bhanuka Rajapaksa, Sri Lankan batter also announced his retirement from international cricket.
About Danushka Gunathilaka:
i.Mashtayage Danushka Gunathilaka born on 17th March 1991 in Panadura is a professional Sri Lankan cricketer.
ii.Overall, In 44 ODIs, he has scored 1,520 runs at an average of 36.19, while in T20Is, he has 568 runs in 30 matches at a strike rate of 121.62.
iii.Gunathilaka, hasn’t played a Test match since 2018.
About Sri Lanka Cricket:
President – Shammi Silva
Headquarter – Colombo, Sri Lanka
ICSD gives approval to AISCD to hold 1st World Deaf T20 Cricket Championship at Kerala in 2023
The International Committee of Sports for the Deaf (ICSD) gave the approval to All India Sports Council of the Deaf (AISCD) to host the 1st World Deaf T20 Cricket Championship in Kerala from January 10 to 20, 2023. The World Deaf T20 cricket championship will be organized in Thiruvananthapuram, Kerala, where it is expected to see participants from 8 countries. This championship was planned to be conducted in 2020, moved to 2023 due to COVID outbreak.
About All India Sports Council of the Deaf (AISCD):
AISCD is the only Government of India recognised national sports federation for the Deaf.
Chairman- Mohinder Singh
Headquarters- New Delhi, Delhi
About International Committee of Sports for the Deaf (ICSD):
i.The ICSD is the only international federation recognized as the governing body of deaf sports including – Deaflympics & World Deaf Championships.
President– Gustavo de Araujo Perazzolo (Brazil)
Headquarters- Lausanne, Switzerland
‘Kerala Arts & Crafts Village’ wins ‘International Craft Award for 2021
The Kerala Arts and Crafts Village Organization (KACV) from Kovalam was awarded with the ‘International Craft Award for 2021’ for the best craft village in the world by the World Crafts Council International. It is the only award India received in the non-individual category. The KACV was established by the Uralungal Labour Contract Cooperative Society (UL CCS) for the State Tourism Department of Kerala.
i.In 2017 the International Craft Awards were launched to honor organizations, councils etc across the world who significantly contributed to the sustainable development of the handicraft industry. In 2021, the Village of the Year award was won by ‘Kraf Komuniti Ku’ in Malaysia.
Category of the award Name
Craft Icon of the Year Chandramali Liyangane of the National Crafts Council, Sri Lanka.
Sustainable Development & Social Inclusion in the Handicrafts Sector Malaysian Prison Department
Craft Persons of the Year Shahrbanoo Arabian (Iran) and Dalavayi Kullayappa (India)
Craft Designers of the Year Zohra Said (Morocco) and Ismario Ismael (Mexico)
Next Generation Craft Designers of the year Qiling Zhang (China) and Mubin Khatri (India)
The Master Artisans Amita Sachdeva (India) and Mubarik Khatri (India)
About World Crafts Council International:
i.The organisation is affiliated to UNESCO (United Nations Educational, Scientific and Cultural Organization).
President- Saad Hani Al-Khudumi
Jal Shakti Minister Gajendra Singh Shekhawat Announces 3rd NWA 2020; UP got Best State Award Followed by Rajasthan, TN
Union Minister of Jal Shakti Gajendra Singh Shekhawat announced 3rd National Water Awards-2020.
Uttar Pradesh (UP) has been awarded first prize in the Best State category, followed by Rajasthan and Tamil Nadu.
Muzaffarnagar in Uttar Pradesh received the best district award in the northern zone followed by Shahid Bhagat Singh Nagar in Punjab.
i.India’s current water requirement is estimated to be around 1,100 billion cubic meters per year which are projected to rise up to 1,447 billion cubic meters by 2050.
ii.India has more than 18 percent of the world’s population but has only 4 percent of the world’s renewable water resources.
About Ministry of Jal Shakti:
It was formed in 2019 by integrating with other existing ministries, such as water resources and the ministry of drinking water and sanitation to address all water issues in India.
Union Minister – Gajendra Singh Shekhawat (Constituency – Jodhpur, Rajasthan)
Minister of State – Rattan Lal Kataria (Constituency – Ambala, Haryana)