Daily Current Affairs: April 09, 2022

Daily Current Affairs (April 09, 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.

Also, Don’t forget to attend the Daily Current Affairs Quiz – April 09, 2022, now @ our Bankersdaily Tests.

SUBSCRIBE to Race Youtube Channel for CA QUIZ LIVE Sessions

Check: Previous – Daily Current Affairs – Banking Exam

Important Days

Central Reserve Police Force’s Valour Day – 09 April

• The Central Reserve Police Force’s (CRPF) Valour Day (also known Shaurya Diwas) is observed in India on 09 April every year to honour the valour of the martyrs and the bravehearts of the 2 CRPF companies which fought against Pakistan at the Sardar Post, Gujarat, in 1965.
• This year (2022) marks the fifty-seventh Valour Day of the CRPF.

National News

Pradhan Mantri Mudra Yojana completes seven years

• The seventh anniversary of the launch of the Pradhan Mantri MUDRA Yojana (PMMY) was celebrated on 08 April 2022.
• The Pradhan Mantri Mudra Yojana was launched by Indian Prime Minister Narendra Modi on 8 April 2015 for providing loans from ₹ 50,000 to 10 lakhs rupees to the non-corporate, non-farm small (or) micro-enterprises.
• This scheme has helped in creating an enabling environment, particularly for small businesses and has helped generate large-scale employment opportunities at the grassroots level.

Pradhan Mantri MUDRA Yojana (PMMY)

• Loans from ₹ 50,000 to ₹ 10 lakhs are provided to start/grow the business under three categories of this scheme — Shishu, Kishore and Tarun.
• Shishu: Loans upto ₹ 50,000
• Kishore: Loans ranging from ₹ 50,000 to ₹ 5 lakhs
• Tarun: Loans above ₹ 5 lakhs and below ₹ 10 lakhs

AAI’s airports are set to provide a platform for the self-help groups through the ‘AVSAR’ scheme to promote local artisans and products

• The Airport Authority of India (AAI) has taken the ‘AVSAR’ (Airport as Venue for Skilled Artisans of The Region) initiative to allocate space to Self Help Groups (SHGs) at its airports for selling/showcasing the self-made products from their region.
• ‘AVSAR’ initiative aims to help the indigent to mobilise their households into functionally effective self-earned groups for self-reliance and self-dependence.
• Under this initiative, an area of 100 to 200 square feet has been earmarked at each AAI-operated airport. This space is being allotted to the self-help groups on turns for 15 days.

State News

Sarhul festival was celebrated across Jharkhand

• ‘Sarhul’, the festival of nature, was celebrated across Jharkhand with great enthusiasm and fervour.
• It is a three-day festival, which begins on the third day of ‘Chaitra’ (the first month of the Hindu Calendar). This festival marks the advent of the spring season or ‘Phaagun’ and is celebrated till the month of June 2022.

Jharkhand

• Capital: Ranchi
• Chief Minister: Hemant Soren
• Governor: Ramesh Bais
• National Park: Betla National Park

Maharashtra partners with NTPC to set up an ultra-mega 2500-MW solar power park in Maharashtra

• The Maharashtra State Power Generation Corporation (MAHAGENCO) has partnered with the National Thermal Power Corporation (NTPC) to set up an ‘ultra-mega solar park’ in Maharashtra to generate 2,500 MW of green power.
• This project, worth ₹ 1,727 crores, was kickstarted in 2020. It was approved by the Cabinet of the Maharashtra Government presided over by Maharashtra Chief Minister Uddhav Thackeray.

Maharashtra    

• Capital: Mumbai
• Chief Minister: Uddhav Thackeray
• Governor: Bhagat Singh Koshyari
• National Parks: Chandoli National Park, Gugamal National Park, Nawegaon National Park, Jawaharlal Nehru (Pench) National Park, Sanjay Gandhi (Borivilli) National Park, Tadoba National Park

International News

India contributes $ 72,124 to the UNESCO Fund for Elimination of Doping in Sport

• The Union Ministry of Youth Affairs and Sports under the Government of India has contributed an amount of $ 72,124 towards the United Nations Educational, Scientific and Cultural Organization (UNESCO) Fund for Elimination of Doping in Sport in 2022.
• First time in 2021, the Union Ministry of Youth Affairs and Sports under the Government of India made a contribution of $ 28,172 towards the UNESCO Fund for Elimination of Doping in Sport based on the request received from the UNESCO.

UNHRC suspends Russia from the United Nations Human Rights Council

• Russia was suspended from the United Nations Human Rights Council (UNHRC) after the 193-member United Nations General Assembly voted to adopt a resolution moved by the United States over allegations that Russian troops killed civilians while pulling back from towns around the Ukrainian capital of Kyiv.
• This resolution titled ‘Suspension of the rights of membership of the Russian Federation in the Human Rights Council’ was adopted with 93 votes in favour, 24 against and 58 abstentions, including India.
• In 2011, Libya was the first country to get suspended by the United Nations General Assembly when the upheaval occurred in the North African country which brought down its longtime leader Moammar Gadhafi.

Banking and Economy

RBI imposes several restrictions on the Shushruti Souharda Sahakara Bank

• The Reserve Bank of India (RBI) has imposed several restrictions on Bengaluru-based Shushruti Souharda Sahakara Bank Niyamita for a period of six months due to a decline in the lender’s financial position.
• A sum not exceeding ₹ 5,000 of the total balance across all savings bank or current accounts or any other account of a depositor of the Shushruti Souharda Sahakara Bank, may be allowed to be withdrawn subject to some conditions.

RBI issues guidelines for banks to set up 24×7 digital banking units

• The Reserve Bank of India (RBI) stated that existing banks can open digital banking units to offer products and services in both self-served and assisted modes round-the-clock.
• In the Union Budget, the Indian Government announced the setting up of at least 75 such digital banking units in 75 districts to commemorate 75 years of India’s independence as ‘Azadi Ka Amrit Mahotsav’.
• According to the guidelines on the establishment of Digital Banking Units (DBUs), the products and services to be provided at a DBU include, the opening of accounts, cash withdrawal and deposit, Know Your Customer (KYC) updation, loans and complaints registrations.

Axis Bank inks a $ 150 million partial guarantee pact with the ADB to support supply chain financing

• Axis Bank has signed a partial guarantee facility agreement (PGFA) with the Asian Development Bank (ADB) with an initial outlay of $ 150 million (₹ 1,139.85 crores) to support supply chain financing for impact sectors, under which ADB will provide guarantees (variable) to the lending done by Axis Bank.
• The special focus will be on Environmental, Social and Governance (ESG) and priority sectors.

Axis Bank

• Headquarters: Mumbai, Maharashtra
• MD and CEO: Amitabh Chaudhry
• Tagline: Badhti Ka Naam Zindagi

Asian Development Bank (ADB)

• Founded: 19 December 1966
• Headquarters: Mandaluyong, The Philippines
• President: Masatsugu Asakawa
• Chief Economist: Yasuyuki Sawada

Agreements and MoUs Signed

DBS Bank India partners with Social Alpha to find innovative solutions to tackle food loss and wastage

• DBS Bank India has partnered with Social Alpha, a popular innovation curation and venture development platform for tech startups, to address the global issue of food waste through sustainable solutions.
• This partnership furthers DBS Bank India’s commitment to supporting entrepreneurial efforts toward addressing productivity and supply chain efficiency issues, leading to food waste and value erosion in the food and agricultural sector.

KredX partners with ICICI Bank to offer commercial cashback card for B2B payments

• Indian supply chain finance company, KredX has partnered with ICICI Bank to offer ‘ICICI Bank-KredX Commercial Card’ for Business-to-Business (B2B) service payments.
• This cashback card enables businesses to avail of financial rewards instantly for all B2B payments without incurring any additional cost.
• This commercial card also offers a simple payment process on the unified platform of KredX, along with a single view dashboard for all payment transactions and a management interface.

Indian Oil, L&T and ReNew Power join hands for green hydrogen projects across India

• Indian Oil Corporation Limited, Larsen and Toubro and ReNew Power have agreed to form a joint venture company to develop green hydrogen projects across India and capitalise on the Indian Government’s ambitious plans for this sector.
• These three companies signed a binding term sheet to set up the alliance that will combine L&T’s credentials in designing, executing and delivering engineering, procurement and construction projects, Indian Oil’s established expertise in petroleum refining with its presence across the energy spectrum and the expertise of ReNew Power in offering and developing utility-scale renewable energy solutions.

Science and Technology

DRDO successfully flight tests SFDR booster missile system in Odisha

• The Defence Research and Development Organisation (DRDO) successfully flight-tested the Solid Fuel Ducted Ramjet (SFDR) booster missile system at the Integrated Test Range (ITR) in Chandipur off the Odisha coast.
• The SFDR-based propulsion enables missiles to intercept aerial threats at very long ranges at supersonic speeds.

Defence Research and Development Organisation (DRDO)

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

Awards and Recognitions

IndusInd Bank’s ‘Indus Merchant Solutions’ mobile application wins at the Digital CX Awards 2022

• IndusInd Bank announced that its flagship mobile application for merchants named ‘Indus Merchant Solutions’ was awarded the ‘Outstanding Digital CX-SME Payments’ in the Digital CX Awards 2022.
• The Digital CX Awards was organised by Digital Banker, a globally trusted financial news service provider that recognises the world’s leading Financial Services Organisations (FSO) that blend the best of technology and innovation with the power of their people to provide a superior customer experience and reinvent their industry.

Canadian photographer Amber Bracken wins the World Press Photo of the Year Award 2022

• Canadian photographer Amber Bracken’s photograph titled ‘Kamloops Residential School’ won the World Press Photo of the Year Award 2022.
• Her award-winning photo shows children’s clothing hung on crosses commemorating the more than two hundred children who died of maltreatment, neglect and disease at the Kamloops Indian Residential School in British Columbia.
• The annual World Press Photo of the Year Award is part of the World Press Photo Awards and is organised by the Dutch foundation World Press Photo.

Books and Authors

Geetanjali Shree’s ‘Tomb of Sand’ becomes the first Hindi novel to be shortlisted for the International Booker Prize

• Indian author Geetanjali Shree’s novel ‘Tomb of Sand’ became the first Hindi language work of fiction to be shortlisted for the International Booker Prize.
• This book was translated into English by Daisy Rockwell and described by the International Booker Prize judges as a ‘loud and irresistible novel’.

Can you score 20/20 in Today’s Current Affairs Quiz? Attempt the Current Affairs Quiz of April 09, 2022, now from the link given below.