Current Affairs

12 January, 2022

International

Overview of 79th Annual Golden Globe Awards® 2022 held in California

The Hollywood Foreign Press Association(HFPA) announced the winners of the 79th edition of the Annual Golden Globe Awards (2022) in Beverly Hilton, Beverly Hills, California, United States of America(USA).

The 2022 awards recognized and honoured the talents of film and television (American production or co-production between the USA and foreign partner) for 2021 The Golden Globe awards are annually presented by the HFPA.

Highlights:
i.Jane Campion won the Best Director Motion Picture for “The Power of the Dog”. She became the 3rd female director ever to win the Best Director award at the Golden Globes.
ii.The Power of the Dog, West Side Story, and Succession has won three awards each.
iii.Actor Will Smith won the “Best Actor-Motion Picture Drama”, his first-ever Golden Globe, for his performance in “King Richard.”
iv.Michaela Jaé Rodriguez won the Best Television Actress – Drama Series for Pose and became the 1st transgender actress to win a Golden Globe.

Nepal Power Exchange Signs Energy Trading Agreement with India’s Manikaran Power

Nepal Power Exchange Ltd (NPEL) signed an energy trading agreement with India’s Manikaran Power Ltd to sell electricity produced by the domestic private sector to India through India’s Manikaran Power. This is the first agreement between the private sectors of India and Nepal to facilitate power trading. The agreement was signed between NPEL Managing Director (MD) Ashish Garg and Manikaran Power Ltd MD Navajeet Singh Kalsi in the presence of Nepal’s Energy Minister Pambha Bhushal. The agreement was signed during Nepal Power Market Summit 2022, which was held in Kathmandu, Nepal.

About the Agreement:
i.The agreement will allow Nepal to sell 500 Megawatt (MW) of electricity to India in the initial phase.
ii.Under the agreement, India’s Manikaran Power will invest in 15 percent of shares that belong to NPEL, which could be equated to Rs 300 million. Nepal aims at exporting its surplus electricity to India by increasing its current electricity generation capacity to around 200 MW.

iii.The agreement was signed after obtaining approval from the Indian government by the Nepal Electricity Authority (NEA) to sell its electricity in the Indian Power Exchange market.
Note – NPEL is a subsidiary of the Independent Power Producers’ Association of Nepal (IPPAN), a non-profit, non-government autonomous organisation that works in the area of hydropower in Nepal.
About Manikaran Power Ltd:
Managing Director – Navajeet Singh Kalsi
Established – 2005
Headquarters – New Delhi, Delhi

National

Union Labour Minister Bhupender Yadav releases report on Q2FY22 of Quarterly Employment Survey

i.Union Minister Bhupender Yadav, Ministry of Labour & Employment (MoL&E) virtually released the report of second quarter (Q2FY22- July-September 2021) of Quarterly Employment Survey (QES), a part of All-India Quarterly Establishment-based Employment Survey (AQEES).

ii.In accordance with the report, the estimated total employment in the nine non-farm sectors is 3.10 crore approximately, which is 2 lakhs higher than the estimated employment (3.08 crore) from the first round of QES (Q1FY22- April-June, 2021), released on September 27, 2021.
iii.Also, the overall percentage of female workers stood at 32.1%, higher than Q1FY22 when it was 29.3%.
About Ministry of Labour & Employment(MoL&E):
Union Minister– Bhupender Yadav (Rajya Sabha Rajasthan)
Minister of State– Rameswar Teli (Constituency- Dibrugarh, Assam)

Economy

Citigroup, Ind-Ra, ICICI lower India Growth Projections amid Covid-19 surge & FAE for FY22

Citigroup Inc., India Ratings & Research Private Limited (Ind-Ra), and ICICI (Industrial Credit and Investment Corporation of India) Bank Ltd., have lowered India’s Gross Domestic Product (GDP) estimates after the First Advance Estimates (FAE) of National Income at both Constant (2011-12) and Current Prices for FY22 released by National Statistical Office (NSO), Ministry of statistics and planning implementation (MOSPI) on January 7, 2022. FAE estimated the real GDP for FY22 at 2% which is lower than the 9.5% GDP growth projection of the Reserve Bank of India (RBI), and International Monetary Fund (IMF). The downward revision by these three entities is also due to the ongoing Omicron/COVID-19 outbreak.

Table showing the revised estimates by rating agencies for FY22:

Rating Agency Revised Projection Old Projection (Before Third Wave)
Citibank 9% 9.8%
India Ratings 9.3% 9.4%
ICICI Bank 9.6% 9.8%
Citigroup Inc. also lowered FY23’s expansion at 8.3% from 8.7% earlier.

Axis Bank Collaborates with MinkasuPay for Biometric-Based Banking Payments

Axis Bank has partnered with MinkasuPay to offer a biometric authentication solution for net banking payments in merchant apps using Fingerprint or Face ID, without the need for usernames, passwords, and One-Time Passwords (OTPs). This Solution will reduce the time of payment from 50-60 seconds to just 2-3 seconds and also increase the transaction success rate.

About Biometric Authentication Solution:
i.MinkasuPay’s biometric authentication solution, which is a 2-Factor-Authentication (FA) solution (mandated by the Reserve Bank of India (RBI)), will help in increasing quick and secure digital transactions through device binding and Public Key Infrastructure (PKI).
ii.For the 1st transaction, customers have to log in to their net banking account and later for all other subsequent transactions, a Fingerprint or Face ID can be used to approve payments. This solution will enhance user experience, and also improve security and reduce cyber- fraud
About MinkasuPay India:
Co-Founder & CEO – Anbu Gounder
Headquarters – Coimbatore, TamilNadu

RBI extends its Directions for Sri Guru Raghavendra Sahakara Bank till May 10, 2022

The Reserve Bank of India (RBI) has extended the validity of its directions by 4 months for Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru (Karnataka) i.e. till May 10, 2022 from January 11, 2022.

The directions have been issued under Section 35A read with Section 56 of the Banking Regulation (BR) Act, 1949. RBI brought the bank under Directions in the interest of depositor protection on January 2, 2020, the validity of which was extended from time to time.

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

Sports

Karnataka to Host Khelo India Games in 2023

Karnataka Minister for Youth Empowerment and Sports, K.C. Narayana Gowda announced that Karnataka will host the next Khelo India Games in 2023. He also announced that over 75 sports students are being trained in the State to take part in the next Olympics.
i.Khelo India Games for 2021 is scheduled to be held in February 2022 at Panchkula, Haryana.

South African Cricket all-rounder Chris Morris announces Retirement

South African (Proteas) all-rounder Chris Morris announced retirement from all forms of cricket at the age of 34, he is set to take up coaching role for domestic cricket team – Titans in the CSA T20 Challenge .
About Chris Morris
i.Morris made his International debut for Proteas in 2013 and played his last match in 2019.
ii.He has represented Proteas in 4-tests, 42-ODI and 23 T20I. Made 774 runs and 94 wickets in International formats.
iii. He has scored one half-century in TEST, ODI and T20I.
iv. He has also played in the Indian Premier League (IPL) for the following franchises such as Chennai Super kings, Royal Challengers Bangalore, Delhi Capitals, Rajasthan Royals.
v.Morris is the most expensive buy in the history of IPL 2021 auction, bagging Rs 16.25 crores by Rajasthan Royal.
About South African Cricket Board of Control (SACBOC)
Director – Graeme Smith
Headquarters – Johannesburg, South Africa
South Africa -3rd test playing Nation (1888-1889) followed by England and Australia

Miscellaneous

Daniel Ortega Sworn in for 5th Term as President of Nicaragua

Nicaraguan President Daniel Ortega, 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. The swearing-in ceremony was held at the Plaza de la Revolucion, Managua, Nicaragua. He received the presidential sash from Gustavo Porras, head of the National Assembly.

Note:
Daniel Ortega and his wife, Rosario Murillo, the first lady and the Vice President of Nicaragua, were re-elected in the general Election of Nicaragua held in November 2021.
The FSLN party has won more than 75% of the vote in the 2021 elections.
About Daniel Ortega:
i.Daniel Ortega was born on 11th November 1945 in La Libertad, Chontales.
ii.He has been serving as the president of Nicaragua since 2007. Previously he served as the president of Nicaragua for the first time from 1985 to 1990.
iii.Between 1979 to 1985 he served as the Coordinator of the Junta of National Reconstruction.
iv.After the retirement of Fidel Castro (former President of Cuba) in 2008, Daniel Ortega is one of the longest-serving non-royal rulers in the world and the longest-serving non-royal leader in the Americas.
About Nicaragua:
President– Daniel Ortega
Capital– Managua
Currency– Nicaraguan Córdoba

Alikhan Smailov Named As Kazakhstan’s New Prime Minister

Kazakhstan President Kassym-Jomart Tokayev nominated Alikhan Smailov, 49 years as the Prime Minister (PM) of Kazakhstan and the lower house of parliament also voted in favour of him during a session that broadcasted live on state television. Alikhan Smailov was appointed as the acting Prime Minister on 5 January 2022 following the resignation of the Askar Mamin Cabinet during the ongoing violent 2022 Kazakh protests.

About Alikhan Smailov:
i.Alikhan Smailov has served as First Deputy Prime Minister of the Republic of Kazakhstan in 2019.
ii.During 2014–2015 he served as the chairman of the Committee on Statistics of the Ministry of National Economy of Kazakhstan and in 2015–2018 he was the assistant to the President of the Republic of Kazakhstan.
iii.From September 2018 to February 2019 he served as the Minister of Finance.
Note – On 11th January 2022 Kazakhstan security forces detained 9,900 people over the unrest.
About Kazakhstan:
President – Kassym – Jomart Tokayev
Capital – Nur-Sultan
Currency – Tenge

Satish Adiga Bestowed With ICMR’s Dr Subhas Mukherjee Award for 2020

Indian Council of Medical Research (ICMR) has selected Satish Adiga, Professor in Clinical Embryology at Kasturba Medical College (KMC) under the Manipal Academy of Higher Education (MAHE), for the Dr Subhas Mukherjee Award for 2020. He heads the fertility programme at KMC Manipal, Karnataka The award recognises his contribution to the field of In-Vitro Fertilization (IVF). Subhas Mukherjee was the creator of India’s first child using IVF.Click here to know about all the ICMR awards.

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