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Thursday, December 16, 2021

DAILY GK: 9 , 10 DEC 2021

 DAILY GK: 9 , 10 DEC 

1.      WORLD INEQUALITY REPORT 2022: INDIA’S TOP 10% HOLD 57% OF NATIONAL INCOME       

·         As per the ‘World Inequality Report 2022’ released by Paris-based World Inequality Lab, India stands out as a ‘poor and very unequal country, with an affluent elite’.

·         In 2021 the top 10 percent and top 1 percent of the Indian population hold 57 percent and 22 percent of total national income respectively, whereas the share of the bottom 50 percent has gone down to 13 percent.

·         Income inequality: The average national income of the Indian adult population is  Rs 204,200.

·         The bottom 50 percent of the population in India earns Rs 53,610, the top 10 percent earns more than 20 times at Rs 11,66,520.

·         Wealth inequality: Average household wealth in India is equal to Rs 983,010.

·         The bottom 50 percent own 6 percent of the total (Rs 66,280).

·         The middle class holds 29.5 percent of the total with an average wealth of only Rs 723,930.

·         The top 10 percent and 1 percent own 65 and 33 percent of the total (i.e. of Rs 6,354,070 and Rs 32,449,360).

·         Gender inequality: Gender inequalities in India are very high.

·         The female labour income share is equal to 18 percent, which is lower than the average in Asia (21%, excluding China).

 

2.      ASIA POWER INDEX 2021

·         As per the Lowy Institute Asia Power Index 2021, India Ranked 4th most powerful country in Asia for comprehensive power out of 26 countries, with an overall score of 37.7 out of 100.

·         USA Is at 1st position followed by china at 2nd .

 

3.      JNANPITH AWARDS    

·         Assamese poet Nilmani Phookan Jr & Konkani novelist Damodar Mauzo won the country’s highest literary award, the Jnanpith award for their outstanding contribution to literature.

·         Assamese poet Nilmani Phookan Jr won the 56th Jnanpith Award and Konkani novelist Damodar Mauzo won the 57th Jnanpith Award.

·         Damodar Mauzo is 77 years old, from Majorda, Goa has written many well known books and his books have been translated into several Indian languages.

·         Phookan is 90 years old from Guwahati, Assam.

·         Jnanpith  award is recognized as the highest literary award of the country for English and other Indian languages.It is sponsored by the cultural organization bharatiya jnanpith.

·         The Award is open only for Indian citizens and is awarded annually.

 

4.      WTA AWARD 2021

·         Women’s Tennis Association(WTA)’s World No.1 Ashleigh Barty, Australia has won the 2021 WTA Player of the Year Award.

·         Emma Raducanu, British professional tennis player who made her Grand Slam main draw debut at 2021 Wimbledon has been named the WTA Newcomer of the Year 2021.

 

5.      FORBES’ 2021 WORLD’S 100 MOST POWERFUL WOMEN

·         Finance Minister(FM) of India, Nirmala Sitharaman has ranked 37th on the Forbes’ list of the World’s 100 Most Powerful Women 2021

·         Falguni Nayar, founder and CEO, Nykaa was ranked 88th on the list.

·         Roshni Nadar Malhotra, Chairperson of the HCL Technology, the first woman to lead a listed IT company in India was ranked 52nd on the list.

·         Kiran Mazumdar-Shaw, executive chairperson and founder of Biocon was ranked 72nd on the list.

·         She founded India’s largest listed biopharmaceutical firm in India in 1978.

·         MacKenzie Scott, ex-wife of Amazon founder Jeff Bezos was topped Forbes’ 2021 list.

·         Kamala Harris , Vice President of the United States of America was ranked 2nd on the list.

 

6.      FORMER CEC SHRI SUNIL ARORA JOINS BOARD OF ADVISERS FOR IDEA

·         The former Chief Election Commissioner (CEC) Sunil Arora has joined the board of advisers for the International Institute for Democracy and Electoral Assistance (IDEA), Stockholm based organization.

·         IDEA is an intergovernmental organization aimed at supporting the framework of sustainable democracy across the globe.

·         India is one of the founding members of IDEA which currently has 34 Member countries.

·         Headquarter: Stockholm, Sweden.

 

7.      INDIA SUCCESSFULLY TEST-FIRES VL-SRSAM

·         India successfully test-fired the Vertically Launched Short Range Surface to Air Missile (VL-SRSAM) from Integrated Test Range (ITR) in Chandipur off the coast of Odisha for neutralising various aerial threats at close ranges, including sea-skimming targets.

·         The VL-SRSAM is indigenously designed and developed by Defence Research and Development Organisation (DRDO) for the Indian Navy.

·         Chairman – G.Satheesh Reddy,Headquarters – New Delhi, Delhi.

 

8.      INDIA SUCCESSFULLY TEST-FIRES AIR VERSION OF BRAHMOS SUPERSONIC CRUISE MISSILE

·         India successfully test-fired the air version of the BrahMos supersonic cruise missile from the integrated test range of Chandipur, off the coast of Odisha.

·         BrahMos is a joint venture between DRDO (India) and NPO Mashinostroyeniya (Russia) for the development, production and marketing of the supersonic cruise missile which has been inducted into Indian Armed Forces.

·         The missile derives its name from the rivers of Brahmaputra in India and Moskva in Russia.

 


9.      INDIA- MALDIVES JOINT MILITARY EXERCISE EKUVERIN

·         The 11th edition of joint military exercise EKUVERIN between India and Maldives was scheduled to be held at Kadhdhoo Island, Maldives

·         The meaning of Ekuverin is ‘Friends’ in the Dhivehi language. T.

·         Maldives Capital – Male,

·         President – Ibrahim Mohamed Solih.

 

10.  RBI’S BI-MONTHLY MONETARY POLICY OF FY21-22    

·         The Reserve Bank of India’s (RBI) 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: It 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.

·         RBI has decided to launch a UPI (Unified Payments Interface)-based payment product for feature phone users to increase digital penetration of financial services and support them to transact digitally without access to smartphones or reliable internet services.

·         For the first time in 21 years, the RBI plans to revise norms for investment portfolios of commercial banks to reflect changes in global standards on valuation and measurement, and progress in the domestic market.

·         RBI has proposed to increase the 14-day variable rate reverse repo (VRRR) auction amounts on a fortnightly basis in the manner of  Rs 6.5 lakh crore on December 17, 2021, and further to Rs 7.5 lakh crore on December 31, 2021.

 

11.  FORTUNE INDIA’S MOST POWERFUL WOMEN LIST 2021

·         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

 

12.  OLAF SCHOLZ APPOINTED AS GERMAN CHANCELLOR

·         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.

·         Olaf Scholz, a member of the Social Democratic Party (SDP) of Germany will lead a three-party coalition with the Greens (Alliance 90), and the pro-business Free Democratic Party (FDP).

 

13.  SOUTH KOREAN 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.

·         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.

·         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.

 

14.  ASIAN YOUTH PARA GAMES

·         Indian’s claimed 41 medals at 4th Asian Youth Para Games (AYPG), Asia’s biggest event held at Riffa city, Bahrain.

·         Over 700 athletes from around 30 countries participated in the event.

·         The 5th edition of the Asian Youth Para Games 2025 will be hosted by Tashkent, Uzbekistan.

 

15.  INDIA’S 1ST CDS BIPIN RAWAT DIES IN IAF MI15 HELICOPTER CRASH

·         Chief of Defence Staff (CDS) of Indian Armed Force General Bipin Rawat, India’s most senior defence official died in a helicopter crash near Coonoor in Tamil Nadu.

·         Gen Rawat was on board an Indian Air Force (IAF) Mi17 V5 helicopter along with his wife Madhulika Rawat, and 11 other defence personnel.

·         While IAF Group Captain Varun Singh is the lone survivor in the crash.

·         He topped during his military training and was awarded the ‘Sword of Honour’ at the National Defence College and the Indian Military Academy.

·         He was appointed as India’s 1st Chief of Defence Staff (CDS) in 2019 who served till  death, and previously served as the Chief of the Indian Army since December 2016.

·         As per the new military rules, a CDS can serve till the age of 65 & the all three Armed Service Chiefs have a tenure of 3-years or 62 years of age, whichever is earlier.

 

16.  INTERNATIONAL ANTI-CORRUPTION DAY 2021 – DECEMBER 9

·         The United Nations (UN) International Anti-Corruption Day is observed annually on 9th December to raise awareness of corruption and of the role of the UN convention on combating and presenting corruption.

·         Theme of 2021 – “Your right, your role: say no to corruption”.

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