Latest Current Affairs For Sunday 30th January, 2022

India’s largest EV charging station opened at Gurgaon

India’s largest electric vehicle (EV) charging station with a capacity of 100 charging points for 4 wheelers, was opened at Delhi-Jaipur National Highway in Gurugram.

Previously, India’s largest EV charging station was situated in Navi Mumbai with 16 AC & 4 DC charging ports for EVs. The new EV charging station has been developed by tech-piloting company Alektrify Private Limited.

This EV charging station will not only boost the electric vehicles industry in the region but will also act as a benchmark for large EV charging stations across the nation in future. The electric vehicle charging station of this size and magnitude is rare and will be instrumental for the industry to experience actual Ease of Doing Business in smooth ‘Certification Compliance’ and ‘Safety Standards’.

Data Privacy Day observed on 28 January

Data Privacy Day is celebrated on January 28, every year across the world. The objective of the day is to sensitize individuals and disseminate privacy practices and principles. It encourages everyone to own their privacy responsibilities to create a culture of privacy.

Observance of the day is “an international effort of creating awareness on the importance of respecting privacy, enabling trust and safeguarding data”. The theme for this year is ‘Privacy Matters’. It instils a sense of accountability that Privacy is integral to every individual’s life.

Data privacy has been one of the hot topics of discussion in a digitally connected world. The issue has become pertinent at the time of the coronavirus disease (Covid-19) pandemic when more and more people are forced to spend time in the online world.

A Little Book of India: Celebrating 75 years of Independence’ authored by Ruskin Bond

A new book titled “A Little Book of India: Celebrating 75 years of Independence” authored by Ruskin Bond was released, marking 75 years of India’s Independence. The book is the blend of “physical and spiritual” attributes of India and also highlights the last 75 years of India’s progress as a nation.

It is published by Penguin Random House India (PRHI). It is a record of some of my memories and impressions of this unique land — of its rivers and forests, literature and culture, sights, sounds and colours — an amalgamation of the physical and spiritual.

A new book titled “The $10 Trillion Dream” author by Subhash Garg

The former finance secretary of India, Subhash Chandra Garg has announced his debut book named “The $10 Trillion Dream”. The book is scheduled to hit stands towards the end of February 2022.

The new book explores the critical policy issues that India faces today and suggests reforms for it to become a USD 10 trillion economy by the mid-2030s. It is published by Penguin Random House India (PRHI).

Garg, a member of the Indian Administrative Service (IAS) for over 36 years, has served in various key positions for both the Union government and the government of Rajasthan. He was designated finance secretary in March 2019.

WGC: Global gold demand rises 10% to 4,021 tonnes

According to the World Gold Council (WGC) report ‘Gold Demand Trends 2021’ has informed that the global gold demand rose 10 per cent in 2021 to 4,021.3 tonnes. The overall gold demand during 2020, which was impacted following Covid-19 related disruptions, stood at 3,658.8 tonnes.

The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China.

India’s gold consumption surged to 797.3 tonnes in 2021, on the back of the recovery in consumer sentiments and pent-up demand post Covid-19-related disruptions and the bullish trend is set to continue this year as well.

Important For All Exam 2022:

World Gold Council CEO: David Tait;

World Gold Council Headquarters: London, United Kingdom;

World Gold Council Founded: 1987;

World Gold Council President: Kelvin Dushnisky.

PM Narendra Modi Hosts First India-Central Asia Virtual Summit

Prime Minister of India Narendra Modi has hosted the first India-Central Asia Summit, through the virtual platform. It was the first of its kind engagement between India and the Central Asian countries at the level of leaders.

The central Asian region has five recognized countries. The Summit was attended by the Presidents of these five Central Asian countries. These are the Republic of Kazakhstan, Kyrgyz Republic (Kyrgyzstan), Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan.

The first India-Central Asia Summit coincided with the 30th anniversary of the establishment of diplomatic relations between India and Central Asian countries. During the summit, the Leaders agreed to hold the Summit every 2 years (biennial). The summit is symbolic of the importance attached by the leaders of both sides to a comprehensive and enduring India-Central Asia partnership.

Google to invest upto $1 Billion in Bharti Airtel

Bharti Airtel and Google have announced a long-term partnership agreement, to accelerate the growth of India’s digital ecosystem. Under the deal, Google will invest USD 1 billion in Airtel.

From the total investment, Google will invest USD 700 million to acquire a 1.28 per cent stake in Bharti Airtel Ltd. The remaining USD 300 million will go toward multi-year commercial agreements with Airtel, including devices built together by the two tech giants.

The USD 1 billion funding is part of Google’s USD 10 billion ‘Google for India Digitization Fund’, launched in 2020. This is Google second investment in an Indian telecom service provider (after Reliance Jio). Discussion between the two companies had been going on since the first half of 2021 and culminated in an announcement.

Important For All Exam 2022:

Bharti Airtel CEO: Gopal Vittal.

Bharti Airtel Founder: Sunil Bharti Mittal.

Bharti Airtel Founded: 7 July 1995.

Google CEO: Sundar Pichai;

Google Founded: 4 September 1998, California, United States;

Google Founders: Larry Page, Sergey Brin.

Pushp Kumar Joshi named to be new chairman and MD of HPCL

Pushp Kumar Joshi has been named to be the new chairman and managing director of Hindustan Petroleum Corporation Ltd (HPCL), the nation’s third-largest oil refining and fuel marketing company.

Joshi, who is currently Director – Human Resources at HPCL has been on the board of HPCL for almost a decade now. He will replace Mukesh Kumar Surana, who superannuates on April 30 this year.

The recommendation will now go to the Appointments Committee of the Cabinet (ACC) headed by the Prime Minister (PM) of India. ACC will decide on his selection after getting reports from anti-corruption agencies such as CVC (Central Vigilance Commission) and CBI (Central Bureau of Investigation).

GoI appoints Anantha Nageshwaran as chief economic advisor

The Government of India has appointed Dr V Anantha Nageswaran as the new Chief Economic Adviser. The announcement came days ahead of the presentation of the 2022 Union Budget on February 1 and the tabling of the 2021-22 Economic Survey on January 31.

This post was lying vacant since December 17, 2021, when KV Subramanian left the office. He is a former member of the Prime Minister’s Economic Advisory Council (PMEAC).

Dr Nageswaran, who is a noted writer, author, teacher, and economic consultant, has taught at several business schools and institutes of management across India and abroad. Before his appointment as the Chief Economic Adviser, he was the Dean of the IFMR Graduate School of Business and a visiting professor of Economics at the Krea University in Andhra Pradesh.

World’s-largest canal lock unveiled in Netherlands

The world’s largest canal lock has been inaugurated at Ijmuiden, a small port city, in the Port of Amsterdam, The Netherlands. The sea lock was inaugurated by Dutch King Willen-Alexander.

The Ijmuiden sea lock is 500-meter (1,640-feet) long and 70-meter wide. Construction on the massive infrastructure project began in 2016 and was meant to be done by 2019. It also went over the initially planned budget by around €300 million ($338 million).

The Ijmuiden lock was designed to allow large, modern cargo ships to reach the port of Amsterdam. The structure is also deep enough that ships will no longer have to wait for a favourable water level to enter the canal. With almost nine meters above the sea leave, the structure is also a defence against the threat of flooding.

Important For All Exam 2022:

The Netherlands Capital: Amsterdam;

The Netherlands Currency: Euro;

The Netherlands Prime minister: Mark Rutte.

Lok Sabha secretariat launches Digital Sansad app

Lok Sabha Speaker Om Birla has launched the official mobile application of the Parliament named ‘Digital Sansad App’ on January 27, 2022, to allow citizens to access live proceedings of the House, including the Union Budget 2022 live.

The app will make the Parliament and Parliamentary proceedings accessible not only to the members but also to the public of the country.

Through the Digital Sansad App, citizens can check what their members of Parliament are doing, what debates they are participating in and what they are saying. Using the app, parliamentarians can also digitally log their attendance.

The app contains information on budget speeches since 1947 as well as House discussions from the 12th Lok Sabha to 17th Lok Sabha. It will also contain a live telecast of Sansad proceedings. 2022 Budget session can also be watched live on this App.

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.