Daily Current Affairs: December 29, 2021

Daily Current Affairs (December 29, 2021) 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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State News

Karnataka Government partners with the National Payments Corporation of India and the State Bank of India for enabling and implementing e-RUPI

• Karnataka Government’s e-Governance Department partnered with the National Payments Corporation of India (NPCI) and the State Bank of India (SBI) for enabling and implementing a cashless and contactless payment solution to students under its scholarship programme ‘e-RUPI’.
• Karnataka Government will make use of e-RUPI to provide a leak-proof delivery of education fees to qualified students by paying online to the college or institute.
• E-vouchers will be sent to qualified students’ mobile phones by the Karnataka Government. Students will be able to redeem their e-RUPI at the designated colleges/institutes for the purpose of paying their fees.
• This process will remove the requirement of any physical token delivery for students to avail the scholarship.

Karnataka        

• Capital: Bengaluru
• Chief Minister: Basavaraj Bommai
• Governor: Thaawarchand Gehlot
• National Parks: Anshi National Park, Kudremukh National Park, Bandipur National Park, Bannerghatta National Park, Rajiv Gandhi (Nagarahole) National Park

Banking & Economy

Credit rating agency ICRA projects India’s GDP growth rate at 9% in FY22 and FY23

• The Credit rating agency ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) has projected India’s GDP growth forecast at 9% each in FY22 and FY23.
• The Indian economy grew at 8.4% in the second quarter of this fiscal, as against a growth of 20.1% in April–

ICRA Limited:

• Headquarters: Gurgaon
• Chairman: Ramnath Krishnan
• Founded: 1991

Central Bank of India ties up with the NPCI to launch RuPay debit card for corporates

• Central Bank of India tied up with the NPCI to launch ‘RuPay Business Platinum Debit Card’ for firms/corporates.
• This debit card allows users to withdraw up to ₹1 lakh from ATMs and make purchases up to ₹3 lakhs at point-of-sale (POS) or e-commerce.
• Users of this card can withdraw up to ₹75,000 from ATMs across the world and make purchases costing up to ₹3 lakhs at POS and international online merchants.
• Customers who use this card will receive accidental death and air accident coverage worth ₹10 lakhs and ₹20 lakh, respectively along with purchase protection coverage of ₹2 lakhs. Cardholders will also be able to earn reward points on every purchase.

Central Bank of India

• Headquarters: Mumbai, Maharashtra
• Founded: 21 December 1911
• MD and CEO: Matam Venkata Rao
• Tagline: Central to You Since 1911

India is set to become the third-largest economy in 2031: Centre for Economics and Business Research

• According to the Centre for Economics and Business Research (CEBR) in the United Kingdom, India’s economy would grow to become the world’s third-largest economy by 2031. According to the CEBR, India will reclaim its sixth place in the World Economic League Table (WELT) from France in 2022.

Securities and Exchange Board of India extends the lock-in period for anchor investors to 90 days from 30 days

• The Securities and Exchange Board of India (SEBI) has extended the lock-in period for anchor investors to 90 days from the existing 30 days.
• The existing lock-in of 30 days shall continue for 50% of the portion allocated to the anchor investor and for the remaining portion, a lock-in of 90 days from the date of allotment shall be applicable for all issues opening on or after 1 April 2022.
• For promoters, the lock-in requirement for allotment up to 20% of the post issue paid-up capital shall be reduced to 18 months from the existing 3 years. The lock-in requirement for allotment exceeding 20% of the post-issue paid-up capital shall be reduced to 6 months from the existing 1 year.
• For non-promoters, the lock-in requirements for allotments shall be reduced from a requirement of 1 year to 6 months.

Securities and Exchange Board of India (SEBI)

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

Appointments

P. N. Vasudevan was reappointed as MD & CEO of Equitas Small Finance Bank

• Pathangi Narasimhan Vasudevan was reappointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Equitas Small Finance Bank for 3 years, from July 2022 till July 2025.
• He is currently serving as the MD of Equitas Small Finance Bank.
• He was appointed as the MD of Equitas Finance Limited, now a bank, with effect from July 2016.

Equitas Small Finance Bank

• Headquarters: Chennai, Tamil Nadu
• MD & CEO: P. N. Vasudevan
• Tagline: It’s Fun Banking

Paytm Payments Bank appoints three new independent directors to its board

• The board of Paytm Payments Bank has approved the appointment of Ramesh Abhishek (former DPIIT Secretary), Manju Agarwal and Shinjini Kumar (banker) as independent directors.
• Paytm Payments Bank, an associate of One97 Communications, which was recently listed on the stock exchanges, has seven board members. These 7 members include Satish Kumar Gupta (MD & CEO) and Vijay Shekhar Sharma (Chairman).

Paytm Payments Bank

• Headquarters: New Delhi, India
• MD & CEO: Satish Kumar Gupta

AU Small Finance Bank appoints Harun Rashid Khan as the non-executive independent director of its board

• AU Small Finance Bank has appointed former RBI Deputy Governor Harun Rashid Khan as non-executive independent director (additional director) on the board for a period of three years.
• He is a former Deputy Governor and the Executive Director at the Reserve Bank of India (RBI) and has over four decades of experience in banking & finance, payment and settlement systems, economics and financial markets.

AU Small Finance Bank

• Headquarters: Jaipur, Rajasthan
• Founder: Sanjay Agarwal
• Founded: 2017

Awards and Recognitions

Dr. Ramesh Babu was conferred with Dr. K.Sharan Award

• A well-known cardiologist Pothineni Ramesh Babu was conferred with the Dr. K.Sharan Award by the Indian Medical Association (IMA) for his excellence in cardiology.
• He was picked up for the prestigious award for taking several clinical research projects on cardiology in the last three decades.

Alia Bhatt is PETA India’s Person of the Year 2021

• Alia Bhatt was named the People for the Ethical Treatment of Animals (PETA) India’s Person of the Year 2021 to celebrate her work in support of the animal-friendly fashion industry.
• Actor John Abraham was named the People for the Ethical Treatment of Animals (PETA) India’s Person of the Year 2020.

Science & Technology

Japan launches Inmarsat-6 F1 communications satellite into orbit

• Global satellite communications company Inmarsat has launched its first next-generation satellite into orbit known as the I-6 from Japan’s Tanegashima Space Centre.
• Inmarsat has expanded its 14-geostationary satellite fleet with the launch of the first of seven dual-band communications spacecraft planned for liftoff through 2024.
• The Airbus-built I-6 F1 satellite carried hybrid Ka-band and L-band payloads supporting existing terminals for Inmarsat’s ELERA and Global Xpress networks to provide enhanced mobile satellite communications services to customers.
• I-6 F1 will use its all-electric propulsion system to position itself in geostationary orbit and undergo tests before entering service in 2023.

Sports News

Mohammed Shami becomes the fifth Indian fast bowler to claim 200 wickets in test cricket

• Mohammed Shami became the 11^th Indian bowler to pick up 200 or more wickets and only the fifth fast bowler to reach this milestone.
• He is behind Kapil Dev (434), Ishant Sharma (311), Zaheer Khan (311) and Javagal Srinath (236) at the moment.
• He is the third-fastest among Indian pacers to reach this landmark, achieving it in his 55^th test match.

Obituary

Former England cricket captain Ray Illingworth passed away

• Former England cricket captain Ray Illingworth passed away at the age of 89.
• He played 61 tests for England between 1958 and 1973 and captained for 31 times, winning 12 matches and an Ashes series in Australia in 1970–1971.
• He was the Chairman of the England selectors between 1993 and 1996and coached the team in 1995–96.

Former US Senate majority leader Harry Reid passed away

• The Former US Senate majority leader and a Nevada Democrat Harry Reid passed away at the age of 82.
• He was elected to the Senate in 1986 and became the chamber’s Democratic leader in the 2004 elections.
• He served as the majority leader from 2007 to 2015 and retired in 2016.

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