Tuesday, February 8, 2022

DAILY CA: 30 , 31 JAN 2022

 DAILY CA: 30 , 31 JAN 2022

1.       150 INDIAN VILLAGES TO CONVERT INTO ‘VILLAGES OF EXCELLENCE’

·         The Central Government will convert 150 villages around Centres of Excellence (CoEs) into ‘Villages of Excellence’ in 12 States with technical assistance from Israel government.

·         75  villages will be taken up in the first year to commemorate the 75th year of India’s independence.

·         India and Israel also completed its 30 years of diplomatic relation.

 

2.       SBI LISTS $300 MILLION VIA TAIWAN’S FORMOSA BONDS ON INDIA INX

·         The State Bank of India (SBI) listed its 1st USD 300 million Formosa bonds on India International Exchange IFSC (India INX).

·         SBI became the first Indian entity to raise money through Formosa Bond.

·         Through the issuance, India INX became the first Exchange in IFSC (International Financial Services Centre) to list Formosa Bonds issued by SBI.

·         SBI, acting through its London branch, raised USD 300 million of ‘Regulation S’ Formosa bonds at a coupon rate of 2.49 percent.

·         Formosa bond -It is a bond issued in Taiwan and listed on the Taipei Exchange.

·         The bond is dominated by currencies other than the New Taiwan dollar.

·         In order to qualify as Formosa bond issuers, borrowers need to have an investment grade or credit ratings of BBB or higher. 

 

3.       RBI IMPOSES RESTRICTIONS ON INDIAN MERCANTILE COOPERATIVE BANK

·         The Reserve Bank of India (RBI) imposed several restrictions on Indian Mercantile Cooperative Bank Limited, Lucknow, Uttar Pradesh including a cap of Rs 1 lakh on withdrawals.

·         RBI issued the directions in the exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act (As Applicable to Cooperative Societies), 1949. 

·         Cooperative Banks: There are three types of co-operative banks organised at three levels, village or town level, district level and state level.

·         They are primary credit societies, central cooperative banks and state co-operative banks. 

 

4.       SPMCIL SETS UP NEW BANK NOTE PRINTING LINES AT CNP, NASHIK & BNP, DEWAS 

·         The Security Printing and Minting Corporation of India Limited (SPMCIL) has set up new Bank Note Printing Lines at Currency Note Press (CNP), Nashik in Maharashtra; and Bank Note Press (BNP), Dewas in Madhya Pradesh as a part of its modernization initiatives.
Security Printing and Minting Corporation of India Limited (SPMCIL) It is Government of India owned Miniratna company. Headquarter– New Delhi, Delhi

 

5.       META PARTNERS WITH FICCI TO SUPPORT 5 LAKH WOMEN-LED SMALL BUSINESS

·         Meta (formerly Facebook) has joined hands with Federation of Indian Chambers of Commerce & Industry (FICCI) to support five lakh women-led small businesses across India under its #SheMeansBusiness programme.

·         This announcement was made during the Meta’s 1st National Women Entrepreneurship Summit 2022 which was held in virtual mode to encourage and support the Micro, Small and Medium Enterprises (MSMEs) across sectors.

·         Under this partnership, Meta will support via three initiatives viz. Facebook Business Coach, Grow your Business Hub, and Meta’s Commerce Partners Program

·         FICCI President– Sanjeev Mehta,Headquarter– New Delhi, Delhi

 

6.       MAHARASHTRA NCC DIRECTORATE WON PM’S BANNER AT THE REPUBLIC DAY CAMP

·         Prime Minister(PM) Narendra Modi honoured the Maharashtra Directorate of the National Cadet Corps (NCC) with the Prime Minister’s Banner at the Republic Day Camp(RDC). 

·         Cadets of 17 NCC directorates from various states participated in the month-long 2022 Republic Day camp.

 

7.       ICC CRICKETER OF THE YEAR 2021 AWARDS

·         Pakistan’s Shaheen Shah Afridi has been awarded the Sir Garfield Sobers Trophy for ICC Men’s Cricketer of the Year 2021. 

·         Mohammad Babar Azam, captain of Pakistan’s cricket team has been honoured with the ICC Men’s ODI Cricketer of the Year 2021

·         Joe Root, Test Captain of England has won the ICC Men’s Test Cricketer of the Year 2021. 

·         The Sir Garfield Sobers Trophy is named after Sir Garfield Sobers, former captain of West Indies. 

·         Rachael Heyhoe Flint Trophy 2021 : Smriti Mandhana of India won the Rachael Heyhoe Flint Trophy for ICC Women’s Cricketer of the Year 2021. 

·         The ICC Women’s Cricketer of the Year award instituted in 2006 has been named after Rachael Heyhoe-Flint, the erstwhile English Women’s cricketer and administrator. 

·         New Zealand cricketer, Daryl Mitchell, has been named the winner of the International Cricket Council(ICC) Spirit of Cricket Award 2021

 

8.       TX2 AWARD 2022 FOR DOUBLING TIGER POPULATION SINCE 2010

·         India’s Sathyamangalam Tiger Reserve (STR) in Erode, Tamil Nadu, and Nepal’s Bardiya National Park has jointly won the TX2 award 2022 for doubling their tiger populations since 2010.  

·         The Nilgiri biosphere landscape is currently the home to the largest tiger population in the world. 

·         The award for Tiger Conservation Excellence was presented to Khata Forest Conservation Area  in Nepal a network of 74 community forests covering 202 sq km,  which secures transboundary connectivity for tigers between Nepal and India.

 

9.       GOVT APPOINTS ANANTHA NAGESWARAN AS CHIEF ECONOMIC ADVISOR OF INDIA

·         The Union government  appointed Dr V Anantha Nageswaran as the Chief Economic Advisor (CEA) for the Ministry of Finance. He will succeed  K V Subramanian

·         This year the economic survey will be presented as a Single part, instead of the normal 2 part report. 

·         Economic Survey is an annual document that details sector wise economic development in India in the previous budget year. CEA is the principal author of the Economic Survey.

·         Chief Economic Advisor (CEA) examines national and international economic trends and also undertakes research studies focusing on economic policies and management of the economy.

·         Based on the research, the CEA provides advice to the Government of India regarding economic policy and reforms.

·         The CEA helps in  preparing the government’s annual Economic Survey preceding the Union Budget.

·         V Anantha Nageswaran: has been a part-time member of the Economic Advisory Council to the Prime Minister (PM) of India from 2019 to 2021. 

 

10.    PARLIAMENT LAUNCHES DIGITAL SANSAD APP TO MAKE LIVE PROCEEDINGS OF PARLIAMENT 

·         The Lok Sabha secretariat has launched a new app, ‘Digital Sansad’, an initiative of Lok Sabha Speaker, Om Birla, to make the Parliament proceedings accessible to the public at large.

·         The app helps in accessing services such as checking personal updates like status of their notices, House bulletins, and so on.

·         It also includes services like enabling the Member of Parliament (MPs) to log in for attendance, give questions for the Question Hour or submit notices for debates or adjournment motions, in future.

·         The citizens can now easily access general information on MPs, on budget speeches since 1947, House discussions from 12th Lok Sabha to 17th Lok Sabha.

·         The App will also contain the live telecast of Sansad proceedings, the major news of the day, virtual tour of the Parliament and live 2022 Budget session.

 

11.    HOCKEY WOMEN’S ASIA CUP 2022

·         Indian National Women’s Hockey Team captained by Rani Rampal has won the bronze medal in the Women’s Asia Cup 2022 held in Muscat, Oman defeating China in the bronze match

·         India lost to South Korea in the semi-final

·         Japan won the Women’s Hockey Asia Cup 2022 defeating three-time champions South Korea. 

·         Participants: India, China, Japan, South Korea, Malaysia, Thailand, Singapore, Indonesia

·         The top 4 teams (Japan, South Korea, India and China) of the Women’s Asia Cup Muscat 2022 are qualified for the 2022 Women’s FIH Hockey World Cup. 

 

12.    BOOK – ‘THE $10 TRILLION DREAM’

·         A new book titled “The $10 Trillion Dream” authored by former finance secretary Subhash Chandra Garg is set to be launched in February 2022.

·         The book explores the economic policy issues of India and suggests reformative ideas to make India a USD 10 trillion economy by the mid-2030s.

·         Subhash Chandra Garg, previously served as Economic Affairs Secretary and Finance Secretary of India in 2019 also served as an executive director in the World Bank.  

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