Daily Current Affairs: January 5, 2022

Daily Current Affairs (January 5, 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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National News

Sushmita Dev becomes the only woman in the 31-member parliamentary panel examining a bill to raise the marriage age of women

• Sushmita Dev became the only woman in the 31-member parliamentary panel led by Vinay Sahasrabuddhe.
• This panel is tasked with examining the Prohibition of Child Marriage (Amendment) Bill, 2021, which seeks to raise the legal age of women to marry from 18 years to 21 years.
• The Prohibition of Child Marriage (Amendment) Bill has wider influence over society, especially females. This Bill was introduced in the Lok Sabha during the Winter Session and referred to the Parliamentary Standing Committee on Education, Women, Children, Youth and Sports.

State /UT News

Jammu and Kashmir is set to become the first Union Territory to have a district-level good governance index

• Jammu and Kashmir (J&K) would soon become the first Union Territory in India to have a district-level good governance index.
• The good governance index at the district level would enable each of the 20 districts of Jammu & Kashmir to rise to the level of some of the best-administered districts of India, with
  time-bound disposal of office files and other matters, increased transparency, increased accountability and increased citizen participation.
• The District Good Governance Index (DGGI) framework has 58 indicators drawn from different aspects of development and district administration distributed in an all-encompassing 10 sectors such as agriculture and allied sector, commerce and industry, human resource development, public health, public infrastructure and utilities, economic governance, welfare and development, public safety and judiciary and citizen-centric governance.

Jammu and Kashmir

• Capital: Srinagar (Summer), Jammu (Winter)
• Lt. Governor: Manoj Sinha
• National Parks: Hemis National Park, City Forest (Salim Ali) National Park, Dachigam National Park, Kishtwar National Park
• Wildlife Sanctuaries: Changthang Cold Desert Wildlife Sanctuary, Gulmarg Wildlife Sanctuary, Jasrota Wildlife Sanctuary, Baltal-Thajwas Wildlife Sanctuary, Karakoram (Nubra Shyok) Wildlife Sanctuary
• Lakes: Mansar Lake, Nagin Lake, Wular Lake, Surinsar Lake, Dal Lake

International News

India and Pakistan exchange a list of nuclear installations and facilities through diplomatic channels

• India and Pakistan exchanged a list of their nuclear installations that cannot be attacked in case of an escalation in hostilities as part of an annual ritual that has been in practice between the two neighbouring countries for more than three decades.
• This list was exchanged under the Agreement on the Prohibition of Attack against Nuclear Installations and Facilities between India and Pakistan, which was signed on 31 December 1988.
• This agreement entered into force on 27 January 1991.
• This was the 31^st consecutive exchange of such lists, with the first one taking place on 1 January 1992.
• The term ‘nuclear installation or facility’ includes nuclear power and research reactors, fuel fabrication, uranium enrichment, isotopes separation and reprocessing facilities, as well as any other installations with fresh or irradiated nuclear fuel and materials in any form and establishments storing significant quantities of radioactive materials.

Banking & Economy

Airtel Payments Bank receives Scheduled Bank status from the Reserve Bank of India

• Airtel Payments Bank has received the status of a Scheduled Bank from the Reserve Bank of India (RBI).
• The Reserve Bank of India (RBI) included the Airtel Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934.
• Airtel Payments Bank can now apply for government-issued requests for proposals (RFPs) and primary auctions now that it has been designated as a scheduled Bank. It can also remove take up central and state government-level businesses, besides participating in government-operated welfare schemes.

Airtel Payments Bank

• Headquarters: New Delhi
• CEO: Anubrata Biswas
• Founded: January 2017

State Bank of India increases the IMPS transaction limit

• The State Bank of India (SBI) has increased the limit on Immediate Payment Service (IMPS) transactions from ₹2 lakhs to ₹5 lakhs as per the directions of the Reserve Bank of India (RBI).
• This will be effective from 1 February 2022.
• The charges for sending money via IMPS for amounts between ₹2 lakhs and ₹5 lakhs will be ₹20 plus GST.
• IMPS provides robust and real-time fund transfer, which offers an instant, 24X7, interbank electronic fund transfer service that could be accessed on multiple channels like mobile, internet, ATM, SMS.

State Bank of India (SBI)

• Headquarters: Mumbai, Maharashtra
• Chairman: Dinesh Kumar Khara
• Tagline: “The Banker to Every Indian”

State Bank of India, ICICI Bank and HDFC Bank remain as Domestic Systemically Important Banks

• The State Bank of India (SBI), ICICI Bank and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs) or entities that are ‘too big to fail’ under the same bucketing structure as in the 2020 list of D-SIBs.
• SBI and ICICI Bank were first named as D-SIBs in 2015 and 2016. HDFC Bank was also classified as a D-SIB, along with the SBI and ICICI Bank in 2017.
• D-SIB means that the bank is too big to fail. According to the Reserve Bank of India, some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection. Banks whose assets exceed 2 per cent of Gross Domestic Product (GDP) are considered part of this group.

Reserve Bank of India cancels the authorisation certificates of two payment system operators

• The Reserve Bank of India (RBI) has cancelled the Certificate of Authorisation (CoA) of Muthoot Vehicle and Asset Finance Limited and Eko India Finance Services Private Limited for non-compliance with regulatory requirements under the Payment and Settlement Systems Act, 2007.
• These companies cannot transact the business of issuance and operation of prepaid payment instruments.

ICICI Bank facilitates the payment of customs duty online

• ICICI Bank announced the launch of a facility for the payment of customs duty online which is available for both retail and corporate customers.
• Corporate customers can pay customs duty through the bank’s Corporate Internet Banking (CIB) and mobile banking application InstaBIZ, while retail customers can pay through the bank’s retail internet banking platform.
• Customers can make online payments by selecting ICICI Bank from the list of banks on the website of Indian Customs Electronic Gateway (ICEGATE).

ICICI (Industrial Credit and Investment Corporation of India)

• Headquarters: Mumbai, Maharashtra
• MD and CEO: Sandeep Bakhshi
• Tagline: Hum Hai Na, Khyal Apka

Appointments

Tata Power appoints Sanjeev Churiwala as its new Chief Financial Officer

• Tata Power has appointed Sanjeev Churiwala as its new Chief Financial Officer (CFO).
• He succeeds Ramesh Subramanyam, who is moving into a new role within the Tata Group.
• He has over 27 years of corporate experience and has previously worked with Diageo as the Regional Finance Director (APAC), Global Travel Retail and with Ambuja Cements.

Reserve Bank of India appoints Ajay Kumar Choudhary and Deepak Kumar as its Executive Directors

• The Reserve Bank of India (RBI) has appointed Ajay Kumar Choudhary and Deepak Kumar as Executive Directors (ED).
• Deepak Kumar was the head of RBI’s information technology department and Ajay Kumar Choudhary was the Chief General Manager-in-Charge of the Department of Supervision before being promoted as ED.

Atul Keshap was appointed as the President of the US–India Business Council

• Former US Envoy to India Atul Keshap was appointed as the President of the US–India Business Council (USIBC).
• He succeeds Nisha Desai Biswal.
• He most recently served in New Delhi as the United States Charge d’Affaires to India, leading the US Embassy team.

US–India Business Council (USIBC)

• Headquarters: Washington D.C., United States
• Founded: 1975

Bank of Baroda ropes Shafali Verma as a brand endorser

• Bank of Baroda has roped Indian cricketer Shafali Verma as its brand endorser to support the youth of India through its various banking and non-banking initiatives.
• Shafali Verma became the youngest woman cricketer to play for the Indian cricket team in her debut game against South Africa.

Sudan Prime Minister Abdalla Hamdok announces his resignation

• Sudan Prime Minister Abdalla Hamdok announced his resignation amid political gridlock and large pro-democracy protests following a military coup that derailed Sudan’s fragile transition to democratic rule.

Sudan

• Capital: Khartoum
• Currency: Sudanese Pound

Vinod Kannan takes charge as the Chief Executive Officer of Vistara Airlines

• Vinod Kannan took charge as the Chief Executive Officer (CEO) of Vistara Airlines.
• He replaced Leslie Thng, whose tenure ended on 31 December 2021.
• He spent over two decades working with Singapore Airlines (SIA) and has held several senior positions in the airline’s head office in Singapore as well as overseas.

Awards and Recognitions

South Indian Bank wins the UiPath Automation Excellence The Awards 2021

• South Indian Bank (SIB) has won the UiPath Automation Excellence Awards 2021 for tackling a situation strategically using robotic process automation.
• The award was given to the bank for its remarkable use of the robotic process is in automation technologies to solve significant operational restrictions and ensure the bank’s continuity during challenging times.
• The UiPath Automation Excellence Awards aims to recognise the changemakers of automation.

South Indian Bank

• Headquarters: Thrissur, Kerala
• MD & CEO: Murali Ramakrishnan

Daily CA-5 January One-Liners

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