Current Affairs

10 December, 2021

International

Fortune India’s Most Powerful Women List 2021: Union Minister Nirmala Sitharaman tops

Fortune India released the list of most powerful women in India 2021 in which Union Minister Nirmala Sitharaman (62), Ministry of Finance & Ministry of Corporate Affairs ranked 1st. She is followed by Reliance Foundation Chairperson and Goodwill Ambassador Nita Ambani (58) in 2nd position, and Soumya Swaminathan (62), Chief Scientist, World Health Organization (WHO) at 3rd

List of Top 5 Most Powerful Women in India by Fortune India:

Rank Name Position
1 Nirmala Sitharaman (62) Union Ministry, Ministry of Finance
2 Nita Ambani (58) Reliance Foundation Chairperson and Goodwill Ambassador
3 Soumya Swaminathan (62) Chief Scientist, World Health Organization (WHO)
4 Kiran Mazumdar-Shaw (68) Executive Chairperson, Biocon
5 Suchitra Ella (58) Co-founder and Joint MD, Bharat Biotech International Ltd

Olaf Scholz appointed as German Chancellor; succeeds Angela Merkel

The Parliament of Germany has appointed Olaf Scholz (63) as the 9th post-World War II Chancellor of Germany succeeding Angela Dorothea Merkel who retires from her services after 16 years (since 2005) of tenure as Chancellor. The ceremony for the same took place at the Chancellery in Berlin, Germany.
About Germany:
Capital– Berlin
Currency– Euro

National

Giriraj Singh releases “Localization of SDGs through Panchayati Raj Institutions” report & Launches GPDP Monitoring Dashboard & Training Management Portal

Giriraj Singh, the Union Minister of Rural Development & Panchayati Raj, launched a report titled – ‘Localization of Sustainable Development Goals (SDGs) through Panchayati Raj Institutions’ that was prepared by an Expert Group constituted by the Ministry of Panchayati Raj.During the occasion he also launched 2 dedicated dashboards:
i.Gram Panchayat Development Plan (GPDP) Monitoring Dashboard:
GPDP dashboard is specially designed to monitor the progress of GPDP in various Gram panchayats.
ii.Training Management Portal:
The portal is aimed to provide various training & capacity building programs for the Elected representatives & functionaries of Panchayati Raj institutions. The Minister also released a Handbook on Training Management Portal

About Ministry of Panchayati Raj:
Union Minister – Giriraj Singh (Constituency – Begusarai, Bihar)
Minister of State – Kapil Moreshwar Patil (Constituency – Bhiwandi, Maharashtra

11th Edition of India- Maldives Joint Military Exercise EKUVERIN held in Maldives

The 11th edition of joint military exercise EKUVERIN between India and Maldives was scheduled to be held at Kadhdhoo Island, Maldives in December 06 to 19, 2021. The meaning of Ekuverin is ‘Friends’ in the Dhivehi language. The exercise has been conducted since 2009.
About Maldives:
Capital – Male
President – Ibrahim Mohamed Solih
Currency – Rufiyaa

Cabinet Approval on December 8, 2021

Union Cabinet chaired by Prime Minister Narendra Modi approved the following proposals:
i.The Cabinet approved the continuation of Pradhan Mantri Awaas Yojana Gramin (PMAY-G) beyond March 2021 till March 2024 as per the existing norms. Under this extension the target is to complete the remaining 155.75 lakh houses from the cumulative target of 2.95 crore houses in rural areas. The outlay for the construction of remaining houses will be Rs. 2,17,257 crore with Central Share Rs.1,25,106 crore and State Share Rs.73,475 crores.

ii.The Cabinet also approved the funding and implementation of Ken-Betwa inter-linking of rivers project with an outlay of Rs 44,605 crore at 2020-21 price levels. It is the first project under the National Perspective Plan for interlinking of rivers. It will cover the states of UP and MP. For this, the Central Government will provide a support of 39,317 crore which include Rs.36,290 crore as grant and Rs.3,027 crore as loan.

Static Points about Rives Betwa and Ken:
i.The river Betwa or Betravati which is also called river Vetrawati in Sanskrit one of the major river basins of Madhya Pradesh (MP). It is a tributary of the Yamuna. It rises in the Vindhya Range just north of Hoshangabad in MP and flows north-east through MP and Orchha to UP.
ii.Ken River is one of the major rivers in the Bundelkhand region of central India. It is also a tributary of the Yamuna. The river originates near the Village Ahirgawan in Jabalpur District of MP and joins the Yamuna River, near Chilla Village in UP.

Economy

Aviva Life Insurance launches Life Insurance Plan Nivesh Bima

Aviva Life Insurance, a private insurance company, has launched Aviva Nivesh Bima, a non-linked, non-participating, individual savings life insurance plan providing guaranteed money back at every 5th policy year, in addition to a lump sum payout at maturity. It also offers features such as fixed benefit pay-out on maturity or death, limited premium paying term, and an option to enhance the coverage through an add-on accidental death benefit, along with tax benefits.

About Aviva Life Insurance:

Chief Executive Officer and Managing Director– Amit Malik
Headquarter– Gurugram, Haryana

BaM, NPCI tie up to launch RuPay Credit Card

Bank of Maharashtra (BoM) has tied up with the National Payments Corporation of India (NPCI) to launch its 1st credit card on card payment network RuPay, named ‘BOM Platinum RuPay Contactless Credit Card’.
The benefits of the credit card include reward points for every Rs 100 spent, fuel surcharge and the card also has card liability cover wherein customers will have zero liability post reporting of fraud. The card will also be protected against card counterfeiting, card skimming and other online frauds under the liability cover.

Highlights of the Fifth Bi-Monthly Monetary Policy of FY21-22

The Reserve Bank of India’s (RBI) 6-members Monetary Policy Committee (MPC) had met on 6th, 7th and 8th December 2021 and released its fifth bi-monthly monetary policy statement for FY22 (April 2021 – March 2022).

Policy Rates: RBI kept the rates unchanged (maintains status quo) for the 8th consecutive time i.e it decided to continue with the accommodative stance to mitigate the impact of COVID-19 on the economy.

Growth: The MPC has retained India’s real gross domestic product (GDP) growth projection for FY22 at 5 percent with 6.6 percent in Q3; and 6.0 percent in Q4. Real GDP growth for Q1 FY23 is projected at 17.2 percent and for Q2 at 7.8 percent.

Inflation: Consumer Price Index (CPI)/Retail inflation was projected at 3 percent in FY22, with 5.1 percent in Q3 and 5.7 percent in Q4. CPI inflation for Q1 and Q2 FY23 was projected at 5.0 percent.

About the Reserve Bank of India (RBI):
Establishment – April 1, 1935
Headquarters – Mumbai, Maharashtra
Governor – Shaktikanta Das
Deputy Governors – Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar

Sports

India wins 41 medals at Asian Youth Para Games

At Indian’s claimed 41 medals at 4th Asian Youth Para Games (AYPG), Asia’s biggest event held at Riffa city, Bahrain. The event is organized by the National Paralympic Committee (NPC) of Bahrain with the support of the local government.

Participants – Over 700 athletes from around 30 countries participated in the event from 2nd to 6th December 2021.
Sports – Para athletics, Para badminton, boccia, goalball, Para powerlifting, Para swimming, Para table tennis, Para taekwondo, and wheelchair basketball.
Note – The 5th edition of the Asian Youth Para Games 2025 will be hosted by Tashkent, Uzbekistan.
About Asian Paralympic Committee
President – Majid Rashed
Headquarters – Dubai, United Dubai Emirates (UAE)

Miscellaneous

South Korean Defence Ministry unveils model for Hypersonic Weapon Prototype ‘Hycore’

The Agency for Defence Development (ADD) under South Korea’s Ministry of Defence has unveiled a model for a hypersonic weapon prototype namely ‘Hycore’ through an animated video. Its testing is expected to begin in 2022. Hycore is a ground-launched cruise missile with two-stage solid-fueled rocket and scramjet engine. It has a stark resemblance to Boeing’s X-51 Waverider experimental hypersonic vehicle.

About Hypersonic weapons:
Hypersonic weapons are capable of traveling faster than Mach 5, or five times the speed of sound, and have maneuvering capabilities. They can be launched from the surface, from a submarine, or by aircraft, and often have extremely long ranges.
Points to be noted:
i.The Democratic People’s Republic of Korea (DPRK), announced its first hypersonic test in September 2021, and Russia and China each have several hypersonic weapons in service.
ii.India is also working on hypersonic missile technology. In June 2019 and September 2020, India successfully tested its hypersonic technology demonstrator vehicle, which speeds at mach 6. India is also working with Russia on the development of the Brahmos II, a mach 7 hypersonic cruise missile, expected to operationalize between 2025 and 2028.

Disney BYJU’s Early Learn App Signs Neeraj Chopra & PV Sindhu as Brand Ambassadors

BYJU’S announced a 2 year partnership with Olympic medalists Neeraj Chopra and PV Sindhu as the brand ambassadors for Disney BYJU’S Early Learn app. Javelin thrower, Neeraj Chopra is a Gold medallist and Badminton player, PV Sindhu is a Bronze medallist from 2020 Tokyo Olympics.

Disney BYJU’s Early Learn App
Launched – 2019
Run by – Think And Learn Private Limited
The Disney BYJU’s Early Learn App has taken Disney-licensed characters for its early learning app for younger children aged between 6-8 years.
About Neeraj Chopra
i.Neeraj Chopra , India’s javelin thrower from panipat, Haryana, won the Gold medal at the men’s javelin throw at the Tokyo Olympic 2020
ii.August 7 to be marked as ‘Javelin Throw Day’ in India to honour Neeraj Chopra’s first historic Olympic gold.
iii.He was honoured with Arjuna awards in 2018
iv.Army Sports Institute at Pune has been renamed as Neeraj Chopra stadium after his win in Tokyo Olympics.
About PV Sindhu:
i.PV Sindhu is a 25 year old shuttler form Hyderabad, Telangana who is currently ranked world no. 3 in women’s single category.
ii.She won silver in 2016 Rio Olympics and also won India’s first BWF World Championship gold in 2019
About Byju’s:
Establishment – 2011
Founder – Byju Raveendran
Headquarters – Bangalore, Karnataka
Note – Byju’s acquired online exam preparation platform Gradeup in September 2021

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Daily Current Affairs | 20th January 2022

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