Latest Current Affairs For Monday 11th April, 2022

RBI has issued guidelines for Digital Banking Units

The Reserve Bank of India (RBI) has released the guidelines for Scheduled Commercial Banks to establish digital banking units (DBUs).

An announcement was made in the Union Budget 2022-23, regarding the setting up of 75 DBUs in 75 districts.

Scheduled commercial banks that have past digital banking experience can set up DBU.

DBU will be treated as Banking Outlets.

Each DBU needs to be housed distinctly with separate entry and exit provisions.

UIDAI, ISRO signed pact for technical collaboration

Unique Identification Authority of India (UIDAI) has signed a pact with National Remote Sensing Centre (NRSC), ISRO for technical collaboration.

NRSC will develop Bhuvan-Aadhar portal for providing information and locations about the Aadhaar centres across India.

The portal will provide the facility of complete geographic information, retrieval, analysis, and reporting for Aadhaar centres with a high-resolution backdrop of natural-colour satellite images.

Ministry of Youth Affairs and Sports released USD 72,124 to UNESCO Fund

Ministry of Youth Affairs and Sports has released 72,124 Dollars to the UNESCO Fund for Elimination of Doping in Sport in 2022.

In the 7th COP, the State Parties had agreed for the contribution of 1% of the regular budget of the respective nations to UNESCO towards the Fund for the Elimination of Doping in Sport.

India has contributed USD 28172 towards the UNESCO Fund in 2021.

The Fund for the Elimination of Doping in Sport was established in 2008.

Airport Authority launched ‘AVSAR’ Scheme to provide platform to SHGs

Airport Authority of India (AAI) has launched “AVSAR” (Airport as Venue for Skilled Artisans Of The Region) to encourage the talent of women, artisans, and craftsmen and provide them with the right opportunities.

Under the scheme, the space will be allocated to Self Help Groups (SHGs) at airports for selling/showcasing the self-made products of their region.

The space is being allotted to the self-help groups for 15 days, turn on turn basis.

Sangeet Natak Awards for year 2018 conferred

Vice President M. Venkaiah Naidu has conferred the Sangeet Natak Akademi Fellowship to four, Sangeet Natak Awards to 40 and the National Awards of Lalit Kala Akademi to 23 personalities.

Tabla maestro Zakir Hussain, Jatin Goswami, Dr. Sonal Mansingh and Thiruvidaimarudur Kuppiah Kalyanasundaram were conferred with Sangeet Natak Akademi Fellowship.

Sangeet Natak Akademi has organized a festival of Performing Arts in New Delhi.

Minister of Culture: G. Kishan Reddy. 

Uttarakhand government launched 1064 Anti-Corruption Mobile App

Uttarakhand Chief Minister Pushkar Singh Dhami has launched an anti-corruption mobile app named 1064 Anti-Corruption Mobile App.

This mobile application has been developed by the vigilance department, Uttarakhand.

It helps the citizens to lodge corruption-related complaints directly with the authorities.

Currently, the app is available in both Hindi and English language.

Registered complaints, data and the identity of the complainant will be protected.

Kangra Tea is likely to get European Union GI Tag

Kangra Tea is likely to win the European Union Geographical Indication Tag (GI Tag); this tag helps Kangra tea to get an opportunity to enter the European market.

Kangra tea received the Indian GI tag in 2005.

Since 1999, the cultivation and development of tea have improved constantly in the Kangra region of Himachal Pradesh.

Other GI tags of Himachal Pradesh: Chamba Chappal, Chamba Rumal, Kinnauri Shawl, Kangra paintings, Kullu shawl, Basmati. 

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.