Daily Current Affairs: January 1, 2 & 3, 2022

Daily Current Affairs (January 1, 2 & 3, 2022) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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Important Days

Global Family Day – 1 January

• Global Family Day is observed on 1 January every year to promote peace, unity and harmony among people.
• The first Global Family Day was observed on 1 January 2000.
• The idea to celebrate Global Family Day originated from a 1996 children’s book ‘One Day In Peace’ authored by Steve Diamond and Robert Alan Silverstein.

DRDO Foundation Day – 1 January

• The Defence Research and Development Organisation (DRDO) celebrated its 64^th Foundation Day on 1 January 2022.
• DRDO was formed in 1958 to make India strong and self-reliant in terms of science and technology and especially in military technologies.

Defence Research and Development Organisation (DRDO)

• Headquarters: New Delhi
• Chairman: G. Satheesh Reddy
• Founded: 1958

National News

Union Government approves the sale of the 19th tranche of electoral bonds

• Union Government has approved the sale of the 19^th tranche of electoral bonds from 1–10 January 2022.
• Electoral bonds have been promoted as an alternative to cash donations to political parties as a part of efforts to introduce openness to political fundraising.
• The sale of the first batch of electoral bonds took place from 1–10 March 2018. The 18^th tranche of bond sales took place from 1–10 September 2021.
• The State Bank of India (SBI) is the only authorised bank to issue electoral bonds.
• An electoral bond will be valid for 15 days from the date of issue. No payment will be made to any payee political party if the bond is deposited after the expiry of the validity period.

State News

Sikkim Government renames Jawaharlal Nehru Road as Narendra Modi Marg

• Sikkim Government has renamed a second road linking Tsomgo lake and Nathula border pass with Gangtok as ‘Narendra Modi Marg’, which was inaugurated by Sikkim Governor Ganga Prasad.
• The older name of this link route is called Jawaharlal Nehru Road.

Sikkim                     

• Capital: Gangtok
• Chief Minister: Prem Singh Tamang
• Governor: Ganga Prasad

International News

World’s longest metro line opens in Shanghai, China

• China opened the world’s largest metro line in Shanghai with two new metro lines — Line 14 and Phase One of Line 18.
• The opening of the two new lines will bring the total number of fully automatic metro lines in Shanghai to five, with an operating length of 167 km, ranking first in the world for the first time.
• The new Line14, with an operating length of 38 km, is the first fully automatic metro line for eight-car trains in Shanghai.

China

• Capital: Beijing
• President: Xi Jinping
• Currency: Renminbi

Banking & Economy

Life Insurance Corporation of India inaugurates Digi Zone to sell policies online

• Life Insurance Corporation (LIC) of India has inaugurated ‘Digi Zone’ as part of its effort to enhance its digital footprint.
• The customers can use LIC’s Digi Zone to buy policies online, pay the premium and avail other services.
• LIC intends to embark on the next wave of digital transformation in order to reap the benefits of increased growth, increased client happiness and increased intermediary productivity and loyalty.

Life Insurance Corporation of India (LIC)

• Headquarters: Mumbai, Maharashtra
• Founded: 1 September 1956
• Chairman: M. R. Kumar

Securities and Exchange Board of India restructures a Market Data Advisory Committee headed by S. Sahoo

• The Securities and Exchange Board of India (SEBI) has restructured its Market Data Advisory Committee headed by Sahoo, which recommends policy measures in areas such as access to securities market data and privacy.
• This committee’s responsibilities include defining segment-specific data perimeters, data demands and gaps, as well as recommending data privacy and data access policies for market data. It is in charge of suggesting acceptable securities market data access policies.
• This committee also recommends the standardisation of data definitions, data identification logic (usage of uniform codes for identifying and storing data — raw data and derived data) and data validation techniques (single source of truth, validation).

Securities and Exchange Board of India (SEBI)

• Headquarter: Mumbai, Maharashtra
• Chairman: Ajay Tyagi
• Founded: 12 April 1992

Nippon India Mutual Fund launches India’s first auto exchange-traded fund

• Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), has launched the Nippon India Nifty Auto ET, India’s first auto sector exchange-traded fund (ETF).
• This auto ETF is an open-ended scheme replicating/tracking the Nifty Auto Index.
• The New Fund Offer (NFO) will open on 5 January 2022 and close on 14 January 2022 and the minimum investment amount required is ₹1000. Investors can add in multiples of ₹1thereafter.
• This fund will invest in stocks comprising of Nifty Auto Index in the same manner as the index adding that it will provide exposure to the Top 15 (as per Nifty Auto Index methodology) representing auto-related sectors like 4 wheelers, 2 and 3 wheelers, ancillary units and tyre making companies.

Paisabazaar.com and Axis Bank launches a pre-qualified programme for personal loans

• Paisabazaar.com has partnered with Axis Bank and launched a pre-qualified programme for unsecured loans on its platform.
• Paisabazaar.com’s pre-qualified programme comprises a deep technology and analytics partnership with banks and non-bank financiers, allowing select consumers to access personalised and pre-qualified lending offers on the fintech’s platform.
• This integration would lead to instant access to credit for these select customers through an end-to-end digital process, which can be completed through the click of a few buttons on Paisabazaar.

Appointments

Vinay Kumar Tripathi was appointed as the Chairman and Chief Executive Officer of the Railway Board

• The Union Government has appointed Vinay Kumar Tripathi as the Chairman and Chief Executive Officer (CEO) of the Railway Board till December 2022.
• He was working as a General Manager of the North-Eastern Railway of Gorakhpur.
• He belongs to the 1983 batch of Indian Railway Service of electrical engineers.

Baldev Prakash was appointed as the Managing Director and Chief Executive Officer of Jammu and Kashmir Bank

• Baldev Prakash was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Jammu and Kashmir Bank for a period of three years.
• He succeeds Rajesh Kumar Chhibber.
• He had joined the State Bank of India (SBI) as a probationary officer in 1991 and was the Chief General Manager (Digital and Transaction Banking Marketing Department) at SBI, Mumbai and has over 30 years of experience in banking.

Rupa Gurunath steps down as the President of Tamil Nadu Cricket Association

• Rupa Gurunath has resigned from the post of the President of Tamil Nadu Cricket Association (TNCA).
• She is the daughter of former BCCI chief N. Srinivasan.
• She became the first woman to head a state cricket association in India. She took over as the TNCA President in September 2019.

Sivarajah Ramanathan was appointed as the Chief Executive Officer of Tamil Nadu Startup and Innovation Mission

• The Tamil Nadu Government has appointed Sivarajah Ramanathan as the Chief Executive Officer (CEO) of Tamil Nadu Startup and Innovation Mission (TANSIM).
• He is expected to take charge as the CEO in the first week of January 2022.

Amir Subhani was appointed as the Chief Secretary of Bihar

• The 1987 batch Indian Administrative Service (IAS) officer Amir Subhani was appointed as the Chief Secretary of Bihar till April 2024.
• He replaced Tripurari Sharan, who retired on 31 December.
• Atul Prasad was appointed as the new Development Commissioner of Bihar.

Awards and Recognitions

Sahitya Akademi Awards 2021 were announced for 20 languages

• The Sahitya Akademi Award 2021 was awarded for 20 Indian languages.

Some of the Sahitya Akademi Award winners are:

• Author Namita Gokhale won the Sahitya Akademi Award 2021 in English for her novel ‘Things to Leave Behind’.
• Tamil writer Ambai (C. S. Lakshmi) has won the Sahitya Akademi Award 2021 for Tamil for her short story collection ‘Sivappu Kazhuthudan Oru Pachai Paravai (A Green Bird With Red Neck).
• Megha Majumdar won the Sahitya Akademi Yuva Puraskar 2021 for her debut book ‘A Burning’, published in 2020.

Sports News

India lifts the eighth U-19 Asia Cup title

• India lifted the eighth U-19 Asia Cup title against Sri Lanka by nine wickets at the Dubai International Cricket Stadium.
• In eight editions of the U-19 Asia Cup, India has now won it eight times, which includes a shared trophy in 2012.

Pakistani all-rounder Mohammad Hafeez announces his retirement from international cricket

• Pakistan all-rounder Mohammad Hafeez has announced his retirement from international cricket.
• He played in three 50-over World Cups (2007, 2011 and 2019), six 20-over World Cups (2007, 2010, 2012, 2014, 2016 and 2021) and three ICC Champions Trophies (2006, 2013 and 2017).
• He represented Pakistan in 392 international matches and captained Pakistan in 32 international matches, including 29 T20Is.

Obituary

American music composer Stephen J. Lawrence passed away

• Emmy award-winning composer for ‘Sesame Street’ Stephen J. Lawrence passed away at the age of 82.
• He composed the film score for ‘AKA Communion’ (1976), which received the Music Award from the Paris Festival of Fantasy and Science Fiction in 1977.
• He was the music director and the co-writer of four songs for the film ‘Sooner or Later’ (1979), including the gold single ‘You Take My Breath Away’.

Daily CA- January 1, 2 & 3 One-Liners

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