Current Affairs

28 April, 2022

International

Estonia hosts the world’s largest cyber exercise

North Atlantic Treaty Organisation (NATO), Cooperative Cyber Defence Centre of Excellence (CCDCOE), is organising the Locked Shields 2022, the world’s largest and most complex annual international live-fire cyber defence exercise in Tallinn, Estonia’s capital. The cyber experts practice the protection of national civilian and military IT systems and critical infrastructure in a large-scale cyber-attack. It is conducted under conditions of intense pressure, with teams countering a series of sophisticated cyberattacks. The fictional island country, Berylia is developed for realistic and challenging scenarios that consider the current security environment.

National

Overview of Mauritius PM Pravind Kumar Jugnauth’s Visit to India

The Prime Minister (PM) of Mauritius Pravind Kumar Jugnauth was on an official 8-day visit to India on April 17-24, 2022 to boost bilateral cooperation in a wide range of areas. He was invited by his Indian counterpart, PM Narendra Modi. He was accompanied by his wife Kobita Jugnauth and a high-level delegation. He participated in the ground-breaking ceremony for the WHO-Global Centre for Traditional Medicine in Jamnagar, Gujarat on April 19. He also attended India’s 1st Global Ayush Investment and Innovation Summit 2022 in Gandhinagar, Gujarat on April 20. He also travelled Varanasi, Uttar Pradesh during the visit.
PM Narendra Modi launches Ayush Visa for Medical Tourists:
In a bid to boost medical tourism in India, PM Narendra Modi announced the launch of a special category of AYUSH visa for tourists, who want to visit India for medical treatment or tourism. This launch is a part of the government’s Heal In India campaign to promote medical tourism in India. In this regard, the Central government will also launch a special AYUSH mark to provide authenticity to locally-made Ayush products.The announcement was made during the Global AYUSH Investment and Innovation Summit 2022.

PM Modi Narendra holds meeting with Mauritius PM:
A bilateral meeting was held between the PMs Narendra Modi and Pravind Kumar Jugnauth for deepening cooperation between India and Mauritius across different sectors. The Mauritius PM acknowledge India as the ‘Pharmacy of World’.
Points to be noted:
i.In January 2022, both PMs inaugurated a $45-million social housing project with 956 units and launched work on a solar power plant and a civil service college to be built with Indian aid of more than $500 million.
ii.In March 2022, Mauritius formally became a member of the Colombo Security Conclave, a grouping of India, Sri Lanka and the Maldives.

Finland’s Economic Affairs Minister Mika Lintila visited India to Promote Exports

The Finland Minister of Economic Affairs Mika Lintila visited India on April 16−21, 2022 to discuss cooperation in quantum technology, telecommunications technology, artificial intelligence and renewable energy. He was accompanied by Under Secretary Petri Peltonen, and Team Finland business delegation. It was his first visit to India.
Objectives of the Visit:
i.To promote the exports of Finnish companies
ii.To strengthen the image of Finland as an attractive destination for Indian companies, experts and tourists.
India, Finland to establish Quantum Computing Virtual Network Centre
Both nations decided to establish an Indo-Finnish Virtual Network Centre on Quantum Computing to boost innovative research and development projects to address their needs. Under this, Indian side has identified following three premier institutes for the Virtual Network Centre on Quantum Computing:
i.IIT (Indian Institutes of Technology)-Madras (Tamil Nadu)
ii.IISER (Indian Institutes of Science Education and Research)-Pune (Maharashtra)
iii.C-DAC (Centre for Development of Advanced Computing)-Pune
Points to be noted:
i.As per Indian government estimates, Finnish companies invested US$ 497 million between April, 2000 to December, 2019.
ii.Within the EU (European Union), Finland ranks 12th among countries investing in India. More than 100 Finnish companies have operations in India,
iii.India and Finland are consultative members of the Antarctic Treaty. Finland will host Antarctic Treaty Consultative Meeting in 2023 and India will host in 2024.

Agra To Get Country’s First Vacuum-Based Sewer System

The city of Agra in Uttar Pradesh has become the first in India to adopt vacuum-based sewer. These vacuum sewers will be placed in public areas.
The maintenance and complete care of the sewers for up to five years will be done by the Netherlands company. The vacuum sewer is expected to be deployed in Kochi Municipal Corporation in Kerala after a successful trial in Agra.
About Uttar Pradesh:
Chief Minister – Yogi Adityanath
Governor – Anandiben Patel
Folk Dance – Ramlila; Braj Raslila; Charkula; Rasiya

Economy

RIL becomes 1st Indian Company to reach m-cap of Rs 19 lakh crore

RIL became the 1st Indian company to reach the Rs 19 lakh crore market valuation mark. RIL has achieved the feat after market heavyweight stock increased 1.85% to its record high of Rs 2,827.10 on the BSE. According to BSE, following the gain in stock price, RIL’s market valuation increased to Rs 19,12,814 crore. Previously in March 2022, RIL’s market valuation had gone past Rs 18 lakh crore and in October 2021, its market valuation went past Rs 17 lakh crore mark.

TA’ZIZ & RIL Signs Shareholder Agreement for TA’ZIZ EDC & PVC Project

Reliance Industries Limited(RIL) has signed a formal shareholder agreement for over USD 2 billion with Abu Dhabi Chemicals Derivatives Company RSC Limited (TA’ZIZ) for the joint venture, TA’ZIZ EDC & PVC project, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi, United Arab Emirates(UAE). RIL is a strategic partner with Abu Dhabi National Oil Company (ADNOC) and ADQ, an Abu Dhabi-based investment and holding company, in TA’ZIZ EDC & PVC.
Signatories:
The joint venture terms were signed by Khaleefa Al Mheiri, Acting Chief Executive Officer (CEO) of TA’ZIZ and Kamal Nanavaty, President of Strategy and Business Development of RIL.
Note:
Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO and Mukesh Ambani, Chairman of RIL exchanged a signed framework agreement between ADNOC and Reliance to explore collaboration in the exploration, development and production of conventional and unconventional resources in Abu Dhabi.
About TA’ZIZ EDC & PVC project:
i.TA’ZIZ EDC & PVC joint venture(JV) will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) production facility with a total investment of USD 2 billion (United Arab Emirates Dirham (AED) 7.34 billion).
ii.These chemicals will be produced in the UAE for the first time, unlocking new revenue
streams and opportunities for local manufacturers to “Make it in the Emirates.”
iii.This project will enable the substitution of imports and the creation of new local value chains.
iv.This will also meet the growing demands for these chemicals globally.
v.The project makes progress toward the detailed design phase in advance of the Final Investment Decision (FID) which is expected to be taken in 2022.

L&T to collaborate with IIT Bombay to develop Green Hydrogen Technology

Larsen & Toubro (L&T) signed a pact with Indian Institute of Technology (IIT) Bombay, Maharashtra to co-research and develop green hydrogen technology.
What is Green Hydrogen?
Hydrogen when produced through electrolysis process using renewable energy is known as Green Hydrogen which has no carbon footprint.

FinMapp Partners With Bajaj Finance to Launch Fixed Deposit Feature

Fintech firm FinMapp has collaborated with Pune (Maharashtra)-based Bajaj Finance Limited to launch a Fixed Deposit (FD) feature on its application for an improved customer experience. Bajaj Finance Limited is the lending arm of Bajaj Finserv Limited.
About FinMapp:
Co-Founder & CEO– Kumar Binit
Headquarters– Gurugram, Haryana

Sports

Indian GM Gukesh Wins Menorca Open Chess Tournament 2022

The Indian Grandmaster (GM) Dommaraju Gukesh won the Group A of the Menorca Open chess tournament 2022 held at Ciutadella de Menorca, Spain. The Prize includes a cash reward of 1,600 Euros and a Trophy.
Top Rankings:

Rank

Country
Name

1 India GM Gukesh D
2 India GM Aryan Chopra
3 Armenia GM Shant Sargsyan

Note : Gukesh on April 17, 2022, had also won the 48th Open Ajedrez La Roda chess tournament held in La Roda, Spain.

Red Bull’s M.Verstappen won the Emilia Romagna Grand Prix 2022

The Belgian-Dutch racing driver Max Emilian Verstappen won the 3rd edition of Emilia Romagna Grand Prix 2022 over the Mexican racing driver Sergio Michel Pérez Mendoza in a Red Bull one-two Race, held at Autodromo Enzo e Dino Ferrari (Imola) circuit, Italy.
Ranking:

Rank Driver Constructor Country
1 Max Emilian Verstappen Red Bull Belgian-Dutch
2 Sergio Michel Pérez Mendoza Red Bull Mexican
3 Lando Norris McLaren-Mercedes British-Belgian
About Emilia Romagna Grand Prix:
i.The Emilia Romagna Grand Prix is a Formula One motor racing event held at the Autodromo Internazionale Enzo e Dino Ferrari circuit held at Imola town in Italy.
First held – 2020
Most wins (drivers) – Max Verstappen (2)
Most wins (constructors) – Austria Red Bull Racing (2)

Miscellaneous

Generali Asia Appoints Bruce de Broize as MD & CEO of Future Generali India Life Insurance; Succeeds Miranjit Mukherjee

Generali Asia has appointed Bruce de Broize as Managing Director(MD) and Chief Executive Officer(CEO) of Future Generali India Life Insurance (FGILI) backed by Generali and Future Group. Bruce de Broize takes over from Miranjit Mukherjee who has been serving as the interim CEO of Future Generali India Life Insurance since September 2021. He is currently serving as the Regional Head of Distribution, Asia in Generali. This appointment follows Generali’s move to consolidate its position in FGILI by completing the transaction to become its majority stakeholder.
About Bruce de Broize:
i.Prior to joining Generali, Bruce de Broize served as the Regional Chief Distribution Officer for AXA Asia.
ii.He has also worked in various senior distribution leadership roles with AIG and Allianz for several years.
iii.He has around 3 decades of insurance experience in both Life and P&C insurance companies in South Africa, Australia, and Asia Pacific (in particular Korea, China, Taiwan, Japan and Hong Kong).
About Future Generali India Life Insurance (FGILI):
MD & CEO– Bruce de Broize
Launched in 2006
Headquarters– Mumbai, Maharashtra

Capgemini CEO Ashwin Yardi was Appointed as Co-Chair of UNICEF’s YuWaah Board

Ashwin Yardi, Chief Executive Officer(CEO) of Capgemini in India has been appointed as the Co-Chair of the board of YuWaah! Generation Unlimited India, the India chapter of Generation Unlimited, effective immediately.
YuWaah is supported by the United Nations Children’s Fund(UNICEF). Ashwin Yardi will be a co-chair along with of YuWaah Board along with Yasumasa Kimura, UNICEF India Representative a.i.

About Ashwin Yardi:
i.Ashwin Yardi has been serving as the CEO of Capgemini in India since December 2018.ii.He has also served as the Chief Industrialization & Automation Officer until January 2021.
iii.He has also served as the COO of the company from 2016 to 2018.
The current board of YuWaah comprises:
Board Members and Founding Partners

Amit Agarwal, SVP India and Emerging Markets, Amazon,
Andrea M. Wojnar, UNFPA India Representative and Bhutan Country Director
Manjula Singh, Director of Programmes, Children’s Investment Fund Foundation (CIFF).
Board members

Dr Balasubramanian, Founder of Swami Vivekananda Youth Movement (SVYM)
Geeta Goel, Managing Director, Michael & Susan Dell Foundation
Madan Padakai, Founder & CEO, 1 Bridge Member
Kevin Frey, CEO, Generation Unlimited, Global
Kopal Gupta and Richa Gupta, Young People Action team(YPAT) Representative
Target of YuWaah:
YuWaah has targeted to enrol 300 young people as change-makers. To achieve this goal, the board will require bold strategies and swift actions. The board will provide the required support to make the necessary tools and support available to youth in India, particularly for the most marginalised and enable them to navigate the 21st-century demands.

About Generation Unlimited:
Generation Unlimited was launched by United Nations(UN) Secretary-General António Guterres in 2018.
Co-Chair- António Guterres(Secretary-General of UN); Paul Kagame (President, Republic of Rwanda) & Paula Mae Weekes (President, Trinidad and Tobago)
YuWaah, the India chapter of Generation Unlimited was launched in 2019.

NASSCOM Appoints Krishnan Ramanujam as Chairperson For 2022-2023

The National Association of Software and Services Companies (NASSCOM), has appointed Krishnan Ramanujam, President, Enterprise Growth Group at Tata Consultancy Services (TCS), as its Chairperson for the period 2022-23. Krishnan will succeed Ms. Rekha M. Menon, Chairperson and Senior Managing Director of Accenture in India, who served as Chairperson of NASSCOM for the year 2021 – 2022.
NASSCOM also announced the appointment of Anant Maheshwari, President of Microsoft India as its Vice Chairperson for 2022-23. Maheshwari will take over the post from Ramanujam.
About Krishnan Ramanujam:
i.Krishnan has previously served as the Vice-Chairperson of NASSCOM.
ii.He has nearly 15 years of experience with TCS, where he has held various positions such as President of Business & Technology Services – since 2017 Global Head and Vice President, Consulting & Enterprise Solutions -since 2010. Chief operating officer (COO) of TCS during 2006 – 2009.

About National Association of Software and Services Companies (NASSCOM):

The National Association of Software and Services Companies (NASSCOM) is the premier trade body and chamber of commerce of the Tech industry in India.
Chairperson – Krishnan Ramanujam
Established – 1988
Headquarters – Noida, Uttar Pradesh.

Kishore Das founder of ‘Bidyanondo’ educational charity received 223rd Commonwealth Points of Light award

Queen Elizabeth II, as the Head of the Commonwealth, has recognised Kishore Kumar Das, representing Bangladesh, as the 223rd Commonwealth Point of Light award in honour of his voluntary service through his ‘Bidyanondo’ a educational voluntary organisation, which has improved access to education for over 1,200 children from the marginalised backgrounds. ‘Points of Light’ is awarded to the outstanding individual volunteers – people who are making a change in their community.
About Bidyanondo:
i.Bidyanondo is a non-profit organisation, founded by Kishore Das in 2013.
ii.It helps the poor community of Bangladesh and performs various social activities, the foundation started with only 22 students.
ii.It now runs five primary schools that are free to access, free academic coaching sessions and scholarship programmes to help children continue into Higher Education.
iii.It also introduced a meal programme, “Ek takay aahar” (Meal for one penny), which has provided more than 10,000 nutritious meals for vulnerable people, particularly children and those who are homeless.
Other Commonwealth Points of Light winners of April 2022:

Award no. Name Country Work
222 Dorla Bowman Belize, Central America Championing women’s rights and gender equality
221 Eric Asamoah Awuah Ghana, West Africa Engaging school pupils in debating and critical thinking
220 Darren Sheppard Trinidad and Tobago, Caribbean Running music education programmes for young people and seniors

About Commonwealth Points of Light:
i.The Commonwealth Points of Light is a continuation of the Prime Minister’s Points of Light programme, with a special series of awards recognising inspirational volunteers throughout the 54 Commonwealth nations, to coincide with the United Kingdom (UK) hosting the Commonwealth Heads of Government Meeting (CHOGM) in London, UK in April 2018.
ii.These awards have been made by The Queen Elizabeth II, as Head of the Commonwealth, to thank inspirational volunteers across the Commonwealth nations for the difference they are making in their communities and beyond.
iii.The Queen presents the award to one volunteer from each Commonwealth country every week.

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