Daily Current Affairs: April 08, 2022

Daily Current Affairs (April 08, 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

Department of Animal Husbandry and Dairying launches the ‘One Health’ pilot project in Uttarakhand

• The Department of Animal Husbandry & Dairying (DAHD) under the Government of India has launched a pilot project named ‘One Health’ in Uttarakhand to implement the ‘One Health Framework by One Health Support Unit’.
• The key objective of this One Health Support Unit is to develop a national ‘One Health’ roadmap based on the learnings of this pilot project

World Bank and AIIB are set to provide ₹ 7,500 crores to the ‘Mission School of Excellence’ project in Gujarat

• The World Bank and Asian Infrastructure Investment Bank (AIIB) will provide a loan of ₹ 7,500 crores for the Gujarat Government’s ‘Mission School of Excellence’ project that aims to improve the quality of education in Gujarat.
• Under this project, Gujarat Government will spend ₹ 10,000 crores in the next five years and cover all 35,133 government and 5,847 grant-in-aid schools in Gujarat.

Asian Development Bank (ADB)

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

World Bank

• Headquarters: Washington DC, The United States
• President: David Robert Malpass
• Founded: 1944

Tata Steel Foundation signs an MoU with the Jharkhand Government to set up an Industrial Training Institute at Chandil

• Tata Steel Foundation (TSF) has signed a Memorandum of Understanding (MoU) with the Government of Jharkhand to set up an Industrial Training Institute (ITI) at Chandil in the Seraikela-Kharsawan district of Jharkhand.
• The main aim of this MoU is to shape more young talents from Jharkhand and make them industry-ready.

Jharkhand

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

International News

The ninth edition of the India-Kyrgyzstan joint special forces exercise ‘Khanjar 2022’ was held in Himachal Pradesh

• The ninth edition of India–Kyrgyzstan joint special forces exercise ‘Khanjar 2022’ was held at the Special Forces Training School in Bakloh, Himachal Pradesh.
• India and Kyrgyzstan shared their expertise and best practices of tactics, techniques and procedures to counter existing and emergent threats across the entire spectrum of conflict.
• Combat shooting, sniping, survival in mountains, hostage rescue drills and unarmed combat were practiced extensively during this joint special forces exercise.

Kyrgyzstan

• Capital: Bishkek
• Currency: Kyrgyzstani Som
• President: Sadyr Japarov

Nepal gets approval to export an additional 325 MW of electricity to India

• Nepal has received permission to export an additional 325 MW of electricity to the energy market in India, taking the total electricity export to 364 MW.
• The Indian Central Electricity Authority has given consent to Nepal Electricity owned by the Nepal Government to sell an additional 325 MW of electricity in the Indian market.

Arya.ag joins the United Nations Global Compact network from India

• ag, an integrated grain commerce platform, has joined the United Nations Global Compact India, thereby voluntarily conforming to universal sustainability principles and taking steps to support the United Nations Sustainable Development Goals (SDGs).
• The United Nations Global Compact is an evolved framework of corporate governance driven sustainability that requires members to conduct business conforming to 10 principles encompassing elements such as human rights, labour, environment and anti-corruption.

Banking and Economy

RBI keeps key interest rates unchanged for the eleventh time in a row: First RBI Bi-monthly Monetary Policy of 2022–23

• The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent for the eleventh time in a row. The reverse repo rate has also been kept unchanged at 3.35 per cent.
• This is the first bi-monthly policy by the RBI for the current financial year FY23 (2022-23).
• This is the eleventh time in a row that the MPC, headed by the RBI Governor Shaktikanta Das, has maintained the status quo.

Key Policy Rates 2022

• RBI revised India’s real Gross Domestic Prodcut (GDP) growth to 2 per cent for 2022–2023 from a previous projection of 7.8 per cent. The retail inflation was revised to 5.7 per cent for FY23 from 4.5 per cent earlier.

India’s agriculture exports cross the $ 50 billion mark for the first time

• India’s agricultural products export surpassed a new milestone by crossing $ 50 billion for the financial year FY22 (2021–22), owing to significant growth in sugar, rice, wheat and other cereals exports. This would be the highest level ever achieved for agriculture exports.
• As per the data, the highest ever exports have been achieved for staples like rice ($ 9.65 billion), wheat ($ 2.19 billion), sugar ($ 4.6 billion) and other cereals ($ 1.08 billion).

Agreements and MoUs Signed

ICICI Securities partners with insurtech platform CoverStack to offer insurance on the ICICI Direct Platform

• One of India’s largest financial products distributors, ICICI Direct has partnered with CoverStack to offer insurance products on ICICI Direct Platform.
• Under this partnership, seven million customers can now search, customise, compare and buy the most suitable insurance plans for health and motor insurance.

Hindustan Aeronautics Limited signs an MoU with Israel Aerospace Industries for multi-mission tanker transport aircraft

• Hindustan Aeronautics Limited (HAL) has entered into a Memorandum of Understanding (MoU) with the Israel Aerospace Industries (IAI) to convert civil (passenger) aircraft to Multi-Mission Tanker Transport (MMTT) aircraft in India.
• This MoU will facilitate HAL and IAI’s decades-long expertise in developing, manufacturing and producing leading defence platforms.

Thales signs an MoU with and Central Manufacturing Technology Institute (CMTI) for advanced collaborative research

• French multinational company, Thales has signed a Memorandum of Understanding (MoU) with the Central Manufacturing Technology Institute (CMTI) of India for advanced collaborative research and development in the field of open hardware.
• This collaboration will enable indigenous hardware development and provide complete control over the behaviour of the processor, which will be tailored to software applications.
• Thales and CMTI will be able to pilot demonstrations with real-world use cases in the field of control system development for machines and associated manufacturing assets.

Thales

• Headquarters: Paris, France
• CEO: Patrice Caine
• Founder: Denis Ranque

IFSCA signs an MoU with GVFL Limited for strengthening the fintech ecosystem in GIFT IFSC

• The International Financial Services Centres Authority (IFSCA) has signed a Memorandum of Understanding (MoU) with GVFL Limited for cooperation and collaboration to support and facilitate the fintech ecosystem in Gujarat International. Finance Tec-City (GIFT) IFSC.
• This MoU focuses on collaboration between the two organisations for the exchange of information and undertaking diverse initiatives in regards fintech industry, including holding seminars, webinars, conferences, etc., for the growth of fintech in the GIFT IFSC.

Books and Authors

A new book titled ‘Not Just A Nightwatchman: My Innings with BCCI’ was authored by former CAG Vinod Rai

• Former Comptroller and Auditor General of India (CAG), Vinod Rai’s new book titled ‘Not Just A Nightwatchman: My Innings with BCCI’ was released.
• This book was published by Rupa Publications. Vinod Rai was the first Chairman of the Banks Board Bureau (BBB).

Sports News

Thirteen-year-old Riya Jadon wins the eleventh DGC Ladies Open Amateur Golf Championship in 2022

• Thirteen-year-old Riya Jadon won the DGC Ladies Open Amateur Golf Championship in 2022 by defeating her elder sister Lavanya Jadon. She also won the junior girls trophy.
• Over a hundred women golfers took part in this year’s (2022) tournament, which resumed at the Delhi Golf Club after a two-year hiatus.

Former tennis world no.5 Jo-Wilfried Tsonga announced his retirement

• French tennis player Jo-Wilfried Tsonga has announced that he will retire after the French Open 2022. The former world no.5 will compete at the iconic clay-court Grand Slam for the fifteenth and final time as a professional player.
• He is a two-time ATP Masters 1000 champion (2008 Paris, 2014 Canada) and he also reached a major final at the 2008 Australian Open. Tsonga is an 18-time tour-level titlist who has won 467 matches.

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