Daily Current Affairs: February 13 & 14, 2022

Daily Current Affairs (February 13 & 14, 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

World Radio Day – 13 February

• World Radio Day is observed on 13 February to honour the oldest and most commonly used mode of communication, as well as a variety of platforms for democratic debate.
• This day was first declared as an international day by the United Nations General Assembly (UNGA) in 2012.
• The theme for World Radio Day 2022 is ‘Radio and trust’.

Sarojini Naidu’s Birth Anniversary – 13 February

• Sarojini Naidu was born on 13 February 1879. This year (2022) marks the one hundred and forty-third (143rd) birth anniversary of Sarojini Naidu.
• She was the first Indian woman to be the President of the Indian National Congress in 1925.
• Her first book of poems ‘The Golden Threshold’ was released in 1905.
• She was popularly known as the ’Nightingale of India’.

International Epilepsy Day – 14 February

• The International Epilepsy Day is observed on the second Monday in February, which falls on 14 February this year (2022) to raise awareness on epilepsy.
• This day is a joint initiative created by the International Bureau for Epilepsy (IBE) and the International League Against Epilepsy (ILAE), which started observing this day since 2015.
• The theme of International Epilepsy Day 2022 is ’50 million steps for epilepsy’.

National News

FICCI CASCADE takes initiatives to launch the Anti-Smuggling Day 2022 on 11 February

• The Federation of Indian Chambers of Commerce and Industry (FICCI)’s Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE) has taken some initiatives to launch the Anti-Smuggling Day 2022 on 11 February.
• Anti-Smuggling Day was established with the goal of improving law enforcement coordination and collaboration, promoting a greater exchange of information and experiences and developing a strong network to find new solutions to battle the smuggling threat.

Federation of Indian Chambers of Commerce and Industry (FICCI)

FICCI is the primary port of call for Indian industry, policymakers and the foreign business community, providing a venue for networking and consensus building within and across sectors.

• Headquarters: New Delhi

Union Finance Minister Nirmala Sitharaman launches the first colour souvenir coin on ‘Panchtantra’

• The Security Printing and Minting Corporation of India Limited (SPMCIL) celebrated its seventeenth foundation day programme on 11 February 2022, where the Union Minister of Finance Nirmala Sitharaman has launched the first colour souvenir coin on ‘Panchtantra’.
• She stressed the importance of improving product quality and positioning SPMCIL as a leader in the production of currency and other sovereign products during this event.

Security Printing and Minting Corporation of India Limited (SPMCIL)

SPMCIL is a government-owned printing and minting company. It is governed by the Government of India’s Union Ministry of Finance. It was incorporated on 13 January 2006 with its registered office in New Delhi.

State News

Jaisalmer Desert Festival 2022 begins in Rajasthan

• The Jaisalmer Desert Festival 2022 is an annual event that began on 13 February in Jaisalmer, Rajasthan.
• The world-famous Jaisalmer Desert Festival is also known as Maru Mahotsav of the Golden City.
• This four-day event from 13 February 2022 to 16 February 2022 began with a colourful grand procession, followed by competitions for Miss Pokhran and Mister Pokhran.

Rajasthan                   

• Capital: Jaipur
• Chief Minister: Ashok Gehlot
• Governor: Kalraj Mishra
• National Parks: Desert National Park, Keoladeo Ghana National Park, Mukundra Hills National Park, Ranthambhore National Park, Sariska National Park

International News

Israel becomes the first country to permit unmanned aerial vehicles to fly in civilian airspace

• Israel became the first-ever country to allow drones to fly in civilian airspace.
• Israel’s Ministry of Transport and Road Safety announced Israel’s first certification of unmanned aerial vehicles (UAVs) for civilian airspace operations.
• Elbit’s StarLiner drone is a modified version of its Hermes 900 drone, which is used by militaries around the world. It was modified to meet civil aviation requirements by adding sensors to identify other aircraft and avoid collisions with them, an additional warning system to prevent it from approaching or crashing into the ground, autonomous takeoff and landing systems in low-visibility conditions and other changes.

Israel

• Capital: Jerusalem
• Currency: Israeli Shekel
• Prime Minister: Naftali Bennett
• President: Isaac Herzog

Banking & Economy

Yes Bank launches Agri Infinity programme to develop financial solutions for the food and agriculture ecosystem

• Yes Bank has launched an annual startup enablement programme named ‘Yes Bank Agri Infinity’, which is aimed at co-developing digital finance solutions for the food and agriculture ecosystem by mentoring entrepreneurial ventures in the industry.
• The early and growth-stage entrepreneurs interested in investigating tech-enabled financial innovations in the agri domain are invited to apply with their proposals as part of this agri-fintech enabler programme.
• This programme will last up to six months, based on the maturity and readiness of the solution.

Reliance Jio ties up with Luxembourg-based satellite solutions provider SES to deliver broadband services through satellite technology

• Reliance Jio Platforms Limited (JPL) and Luxembourg-based satellite solutions provider SES have tied up to form a new initiative of a joint venture named Jio Space Technology Limited to develop satellite-based broadband technology in India with up to 100 Gbps speed.
• This joint venture aims to leverage satellite technology to create next-generation scalable and inexpensive internet services in India.
• Jio and SES will own 51 per cent and 49 per cent each in the equity stake.
• This technology will use multi-orbit space networks — a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations capable of supplying multi-gigabit connectivity and capacity to businesses.

Union Government plans to sell a 5 per cent LIC stake in India’s biggest-ever IPO

• The Union Government has planned to generate nearly ₹ 75,000 crores by selling a 5 per cent stake in the Life Insurance Corporation of India (LIC) in India’s largest-ever initial public offering (IPO), which is expected to test investor appetite in a volatile market.
• The Indian Government would sell 316.25 million shares through an offer for sale (OFS), according to draft IPO paperwork filed with the Securities and Exchange Board of India (SEBI).
• The LIC IPO documents were ranked fifth globally in terms of life insurance gross written premium and tenth worldwide in terms of total assets.
• The Union Government has appointed 10 merchant bankers, including Goldman Sachs (India) Securities Private Limited, Citigroup Global Markets India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited, to manage the mega IPO of India’s largest insurer.

Offer for Sale

An offer for sale (OFS) is a mechanism that allows promoters to reduce their holdings in listed companies transparently. These shares sold by the promoters are offered for sale directly to the public through a bidding process.

Appointments

Debashis Mitra takes over as the President of the Institute of Chartered Accountants of India (ICAI)

• Debashis Mitra took charge as the President of the Institute of Chartered Accountants of India (ICAI) for 2022-23.
• Aniket Sunil Talati was appointed as the Vice-President of ICAI.
• Debashis Mitra is serving his third term on the council of ICAI.
• He is a board member of the Insurance Regulatory & Development Authority (IRDA), Insurance Advisory Committee and a member of SEBI’s Primary Market Advisory Committee.
• He has served as the Chairman of Financial Reporting Review Board (FRRB), Vice- Chairman of CSR Committee and Convenor of Digital Re-Engineering & Learning Directorate of ICAI and was also the Director of ICAI Accounting Research Foundation (ICAI ARF).

Lt. Colonel Paul-Henri Sandaogo Damiba was appointed as the President of Burkina Faso

• Lieutenant Colonel Paul-Henri Sandaogo Damiba was appointed as the President of Burkina Faso.
• He is the president of the Patriotic Movement for Preservation and Restoration (the official name of the junta).
• He is also the head of state and supreme commander of the armed forces of Burkina Faso.

Burkina Faso

• Capital: Ouagadougou/Wagadugu
• Currency: West African CFA Franc

Ranks and Indices

Mumbai ranks as the fifth congested city in the world in 2021 according to Tom Tom Traffic Index

• Mumbai and Bengaluru have emerged as the world’s fifth and tenth most congested cities in 2021, according to Tom Tom’s Traffic Index global top 25 list.
• Istanbul in Turkey topped this list followed by Moscow in Russia and Kyiv in Ukraine.
• Mumbai was ranked as the second-most congested city in the world in 2020.
• Delhi and Pune ranked eleventh and among 404 cities across 58 countries, according to TomTom Traffic Index’s global top 25 list.

Awards and Recognitions

RailTel bags the ICAI Award for Excellence in Financial Reporting for 2020-21 in Public Sector Entities category

• RailTel, under the Union Ministry of Railways,has bagged the Institute of Chartered Accountants of India (ICAI) Award for Excellence in Financial Reporting for the year 2020-21 in the Public Sector Entities category.
• This award has been instituted with a view to promoting better standards in the preparation and presentation of information in the financial statements.

Risabh Pant wins the Test Batting Award in the ESPNcricinfo Awards 2021

• Indian Wicketkeeper-batter Risabh Pant has won the top ‘Test Batting’ Award at the fifteenth Annual ESPNcricinfo Awards 2021.
• New Zealand skipper Kane Williamson was adjudged as the ‘Captain of the Year’ at the fifteenth Annual ESPNcricinfo Awards 2021.

Obituary

India’s leading industrialist and Chairman of Bajaj Auto Limited Rahul Bajaj passed away

• India’s leading industrialist and Chairman of Bajaj Auto Limited Rahul Bajaj passed away at the age of 83.
• He was widely regarded as the man who put India on two wheels.
• He was awarded India’s third highest civilian award, the Padma Bhushan in 2001.
• He was elected to the Rajya Sabha in June 2006 and remained a Rajyasabha member till 2010.
• He was also a former chairman of the World Economic Forum’s International Business Council and a member of Harvard Business School’s South Asia advisory council.

 Daily CA- 13 & 14 February 2022 One Liners

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