Latest Current Affairs For Monday 13th June, 2022

RBL Bank appoints R Subramaniakumar as new MD & CEO

The RBI has approved R Subramaniakumar’s appointment as the MD & CEO of RBL Bank.

Subramaniakumar is a former managing director and chief executive director of state-run Indian Overseas Bank.

He was appointed the administrator of Dewan Housing Finance Co Ltd after the mortgage financier’s board was superseded.

Subramaniakumar has been appointed at RBL for three years from the date of taking charge.

Indian GM Praggnanandhaa wins title in Norway chess open

Indian Grandmaster R Praggnanandhaa won Norway Chess Group A open chess tournament. 

The 16-year old GM, the top-seed, was in fine form and remained unbeaten through the nine rounds.

He finished the tournament with a win over fellow Indian V Praneeth, an International Master.

Praggnanandhaa finished a full point ahead of second-placed IM Marsel Efroimski (Israel) and IM Jung Min Seo (Sweden).

Avani Lekhara wins Gold at Chateauroux 2022 World Cup

Avani Lekhara has won the gold medal at the Chateauroux 2022 World Cup today.

The Tokyo Paralympian has won in the R8 event- women's 50m rifle 3 positions SH1 with a score of 458.3.

She beat Veronika Vadovicova of Slovakia to won this title and gold for India.

She scripted history last year as she became the first Indian woman to win a gold medal at the Paralympics in Tokyo.

PM Modi Launches IN-SPACe Headquarters In Ahmedabad

PM Narendra Modi inaugurated the Headquarters of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) at Bopal, Ahmedabad.

The establishment of IN-SPACe was announced in June 2020.

It is an autonomous and single window nodal agency in the Department of Space for the promotion, encouragement and regulation of space activities of both government and private entities.

It also facilitates the usage of ISRO facilities by private entities.

UN adopts resolution on multilingualism, mentioning Hindi for the First Tim

The United Nations General Assembly (UNGA) has adopted an India-sponsored resolution on multilingualism that mentions the Hindi language for the first time.

The resolution passed yesterday urges the United Nations to continue spreading vital communications and messages in both official and non-official languages, including Hindi.

The six official languages of the UN are Arabic, Chinese, English, French, Russian, and Spanish.

UN Headquarters: New York, United States

Union minister Sitharaman inaugurates National Museum of Customs and GST

Union Finance Minister Nirmala Sitharaman dedicated to the nation 'Dharohar', the National Museum of Customs and GST in Goa.

Dharohar is one of its kind museum in the country that showcases not only the artefacts seized by Indian Customs across the country but also depicts basic Customs procedures for the knowledge of the general public.

Finance Minister also launched a set of Board Games, 3D Puzzles and Comic Books.

Bangladesh-India bus services resume after two years

India and Bangladesh's cross-border bus service resumed, two years after its suspension due to the COVID-19 pandemic.

The flagging off marked the opening of the bus services through the Akhaura-Agartala and Benapole-Haridaspur Integrated Check Posts (ICPs) between the two countries.

The bus services through the Dawki-Tamabil ICP will start after the necessary clearances are obtained between the two countries.

Capital: Dhaka

Prime minister: Sheikh Hasina

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.