Current Affairs- 28 February 2023

PM Narendra Modi inaugurates ‘Barisu Kannada Dim Dimava’ at Talkatora Stadium in New DelhiTo celebrate Karnataka’s culture, traditions and history, on February 25, 2023, the Prime Minister (PM) of India Narendra Modi inaugurated the ‘Barisu Kannada Dim Dimava‘ cultural festival at Talkatora Stadium in New Delhi, Delhi.

Best Jewellery Best Electronics Best Luggage wear Best books Gym Equipment
  • It is being held on the sidelines of Azadi Ka Amrit Mahotsav, and on the Central Government’s vision of ‘Ek Bharat Shreshtha Bharat’.

Key Notes:
i.The 75th-anniversary celebrations of the Delhi Karnataka Sangh is coinciding with the Amrit Mahotsav of 75 years of independence.
ii.From 2019-2023 till now Rs 30 thousand crore have been given to Karnataka by the Central Government.
About Ek Bharat Shreshtha Bharat:
On October 31st, 2015, Prime Minister Narendra Modi launched the Ek Bharat Shreshtha Bharat program in commemoration of the 140th birth anniversary of Sardar Vallabhbhai Patel. It aims to foster national integration and strengthen emotional connections between the people of India.

  • Under this, each state and Union Territory (UT) is paired with another state or UT for a designated period, during which they will engage in a structured exchange of ideas and experiences related to language, literature, cuisine, festivals, cultural events, tourism, and other areas.

1st G20 Finance Ministers & Central Bank Governors and 2nd G20 Finance & Central Bank Deputies Meetings Held in Bengaluru, Karnataka – February 22-25, 2023  The “First G20 Finance Ministers and Central Bank Governors” (FMCBG) meeting took place in Bengaluru, Karnataka, on February 22-25, 2023, as part of the G20 (Group of Twenty) Indian Presidency.

  • The meeting was co-chaired by Union Minister Nirmala Sitharaman, Ministry of Finance (MoF) and Dr. Shaktikanta Das, Reserve Bank of India (RBI).
  • Prime Minister (PM) Narendra Modi addressed the first FMCBG meeting via video message.

The 2nd G20 Finance & Central Bank Deputies Meeting – Feb 22, 2023
The ‘2nd G20 Finance and Central Bank Deputies’ (FCBD) meeting was co-chaired by Ajay Seth, Secretary (Economic Affairs), and Dr. Michael D. Patra, Deputy Governor, RBI, on February 22, 2023.

  • The 2nd G20 FCBD meeting was inaugurated by Union Minister Anurag Thakur, Ministry of Information and Broadcasting (MIB) and Ministry of Youth Affairs and Sports (MoYAS), Government of India.

About the Group of Twenty (G20):
i.The G20 is the leading forum for economic cooperation on a global scale.

  • G20 Members: It has 20 members, including 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom (UK), United States (US), and the European Union (EU).

Union Minister Dr Jitendra Singh inaugurates International Biotech Conclave in Imphal, Manipur i.From February 24-26, 2023, the International Bio-resource Conclave 2023 along with the 22nd Congress of the International Society for Ethno-pharmacology and the 10th Congress of Society for Ethno-pharmacology (ISE SFEC-2023) was held at the City Convention Centre, Imphal, Manipur.
ii.It was inaugurated by Union Minister of State (Independent Charge) Dr Jitendra Singh, Ministry of Science and technology (MeitY).
iii.It is for the first time since Independence, North East Region (NER) organized an International Conference on Biotechnology.
iv.The events were themed upon Reimagine Ethnopharmacology : Globalisation of Traditional Medicine
About Institute of Bio-resources and Sustainable Development (IBSD):
It is an autonomous institute under Department of Biotechnology, Ministry of Science & Technology (MeitY).
Director– Prof. Pulok Kumar Mukherjee
Headquarter– Imphal, Manipur
Establishment– 2001


CM Himanta Biswa Sarma lays Foundation Stone of North East India’s 1st Compressed Biogas PlantOn 25th February 2023, Himanta Biswa Sarma, Chief Minister (CM) of Assam, laid the foundation stone of  5-tonne-per-day-capacity compressed biogas(CBG) plant, North East India’s first ever CBG plant, at Domora Pathar, Sonapur in Kamrup (Metropolitan) district, Assam.

  • The First of its kind CBG plant is being built by entrepreneurs Pankaj Gogoi and Rakesh Doley under the banner of Redlemon Technologies Pvt Ltd based in Guwahati, Assam..
  • The plant is proposed to be operational from November 2023.

The biogas unit in Sonapur, Assam, is being set up under the Centre’s Sustainable Alternative Towards Affordable Transportation (SATAK) scheme.
Key Highlights: 
i. The Northeast’s first-of-its-kind project will support the efforts of the Assam Government to switch to cleaner and greener energy sources.
ii. The plant will have a 5-tonne-per-day production capacity of compressed biogas that would be produced from raw materials such as cattle dung, municipal solid wastes, etc.
iii. The CBG plant would also provide an additional source of income to farmers since they would be able to sell the biogas producers their cattle wastes.
SATAK Scheme:

  • The Sustainable Alternative Towards Affordable Transportation (SATAK) scheme on CBG was launched on 1st October 2018.
  • It envisages a target production of 15 million tonnes (MMT) of CGB by 2023 from 5,000 plants.

About Assam:
Chief Minister- Himanta Biswa Sarma
Governor- Gulab Chand Kataria
Airports- Jorhat Airport (Rowriah Airport); Salonibari airport
Wildlife Sanctuary- Deepor Beel Wildlife Sanctuary; Marat Longri Wildlife Sanctuary


PM Narendra Modi inaugurates Aadi Mahotsav at Major Dhyan Chand National Stadium, Delhi

“Aadi Mahotsav”, the mega National Tribal Festival was held from 16th February to 27th February 2023 at Major Dhyan Chand National Stadium in Delhi. The festival was inaugurated by Prime Minister(PM) Narendra Modi on 16th February 2023 in the presence of Arjun Munda, Union Minister for Tribal Affairs.

  • Aadi Mahotsav is an annual initiative of the Tribal Cooperative Marketing Development Federation Limited (TRIFED) under the Ministry of Tribal Affairs(MoTA).
  • It aims to  promote tribal culture on a national scale and celebrate the spirit of traditional arts, crafts, cuisine, and commerce.
  • With more than 200 stalls at the venue, the programme highlights the rich and varied heritage of tribes from all over India.

MoHFW launched Sarva Dawa Sevan, MDA Campaign to End Filariasis

Rajesh Bhushan, Secretary of the Ministry of Health and Family Welfare(MoHFW), nationwide Sarva Dawa Sevan, Mass Drug Administration (MDA) campaign, to eliminate Lymphatic Filariasis (LF) by 2027, 3 years ahead of the global target. The campaign aims to end disease transmission through the door-to-door administration of anti-filarial drugs, especially in 10 filaria-affected states.
The campaign was jointly launched by the High-burden districts in Bihar, Chhattisgarh, Jharkhand, Maharashtra, Uttar Pradesh, West Bengal, Karnataka, Odisha, Madhya Pradesh, and Andhra Pradesh.

Lymphatic Filariasis a Vector Borne Disease caused by Culex mosquitoes.

  • In January 2023, the Government of India unveiled a renewed five-pronged strategy for the elimination of LF .

Karnataka to get India’s 1st Marina to Promote Coastal Tourism

Karnataka Chief Minister(CM) Basavaraj Bommai confirmed that Karnatka is set to get India’s 1st Marina to promote coastal tourism during the event “Seven Wonders of Karnataka” hosted under the Department of Tourism, Government of Karnataka.

  • The Marina will be constructed by Byndoor in Udupi district after getting permission from the government of India for the relaxation of Coastal Regulation Zone Rules.
  • It is proposed to take up beach tourism in coastal areas and pilgrim tourism.
  • The Karnataka government has also proposed to build a corridor of ancient temples like Madhukeshwara in Banavasi and Dattatreya in Ganagapura and promote ‘Yatra tourism’.

LIC reduces its stake in Industrial Investment Trust from 5.433% to 3.362%

Life Insurance Corporation of India(LIC), an Indian state-owned insurance group and investment company, has diluted its shareholding in Industrial Investment Trust Limited(IITL) from 12,25,017 to 7,57,966 Equity Shares, reducing its shareholding from 5.433% to 3.362% of the paid-up capital.

  • Between 6th July 2012, and 23rd February 2023, LIC sold around 4.67 lakh shares of IITL at an average price of Rs 88.39.

Industrial Investment Trust Limited (IITL) was incorporated in 1933 as an investment trust company. IITL obtained a Certificate of Registration from the Reserve Bank of India(RBI) in 2000 to carry on as a Non-Banking Financial Company (NBFC) without accepting Public Deposits


President of India Presented Sangeet Natak Akademi Felllowships and Awards for 2019, 2020 & 2021On 23rd February 2023, Droupadi Murmu, President of India, presented the Sangeet Natak Akademi Fellowship (Akademi Ratna) and Sangeet Natak Akademi Awards (Akademi Puraskar) for the year 2019, 2020 and 2021 in New Delhi, Delhi.

  • eminent personalities were given Akademi Ratna in the field of performing arts and a total of 128 artists from the field of music, dance, theatre, traditional, folk, and puppetry were given the Akademi Puraskar.

Key People:
i. Kishan Reddy Union Minister for Minister of Culture, Ministry of Tourism and Ministry of Development of North Eastern Region(MoDoNER), Arjun Ram Meghwal, Minister of State(MoS) for Parliamentary Affairs & Culture, Uma Nadnuri, Joint Secretary, Ministry of Culture and Dr Sandhya Purecha, Chairman, Sangeet Natak Akademi were present during the event.
About Sangeet Natak Akademi: 
Sangeet Natak Akademi is the apex body in the field of performing arts in India.
Chairman– Dr Sandhya Purecha
Headquarters– New Delhi, Delhi
Established in 1953


6th Annual HCA Film Awards 2023: SS Rajamouli’s ‘RRR’ Wins 5 TrophiesThe Hollywood Critics Association (HCA) Film Awards 2023 (6th Edition), held at the Beverly Wilshire in Los Angeles, United States (US), has acknowledged “RRR,” directed by SS Rajamouli, on a global scale and honored it with 5 awards.

  • The film ‘RRR’ gained recognition for Best Action Film, Best International Film, Best Original Song, and Best Stunts, while the cast/crew of RRR earned an honorary HCA Spotlight Award.

Key Points:
i.The film “RRR” has been nominated in 8 categories for the HCA Film Awards and HCA Creative Arts Awards combined.

  • RRR has also been nominated for Best Director, Best Picture, Best Editing, and Best Visual Effects.

ii.The HCA now creates and produces two in-person award ceremonies annually: the HCA Film Awards in the winter (January or February) and the HCA TV Awards in the summer (August).
About the Film ‘RRR’
i.RRR is a fictional pre-independence story about two real-life Indian revolutionaries from the 1920s, Alluri Sitarama Raju (Ram Charan) and Komaram Bheem (Junior NTR).
ii.RRR previously won Best Foreign Language Film and Best Original Music for Naatu Naatu at the 28th Critics’ Choice Awards 2023.
iii.In addition, Naatu Naatu won the ‘Best Song’ at the 80th Golden Globe Awards in Los Angeles (US) in 2023.
iv.RRR has also been nominated for “Best Original Song” at the 2023 Oscars for Naatu Naatu.


Thyreus narendrani: New Cuckoo Bee Species Discovered in KeralaThyreus narendrani, a new species of cuckoo bee was discovered in Kerala’s Srayilkadavu Kole wetland ecosystem, Malappuram district, and Christ College campus.

  • Kole wetlands, located in the districts of Thrissur and Malappuram in Kerala, are unique and productive ecosystems that were designated as Ramsar sites in 2002.

The new species is named after the late T.C. Narendran, Professor of Zoology, in recognition of his expertise and excellence in the field of entomology.
About ‘Thyreus narendrani’
i.The newly discovered species ‘Thyreus narendrani’ is a member of the Apidae family of the Hymenoptera order.

  • The genus Thyreus consists of cuckoo bees or cleptoparasitic bees.
  • Thyreus bees primarily parasitize solitary bees of the genera Amegilla and Anthophora.

ii.Cuckoo bees infiltrate other bees’ nests by breaking in, entering, and laying their eggs.

  • When the larva of the cuckoo bee hatches from the nest of the host bee, it consumes the food accumulated by the host for its own growing larva.

iii.Cuckoo bees, unlike other female bees, lack pollen-collecting mechanisms.

  • Bees are well-known pollinators, pollinating numerous food crops as well as natural vegetation.

Key Points:
i.The new bee species was discovered by researchers from Shadpada Entomology Research Lab (SERL), Christ College (autonomous), Irinjalakuda, and Government College, Kodenchery, Kerala.
ii.The findings are published online in the recent issue of the international journal ‘Oriental Insects’.
iii.The research was sponsored by the Council of Scientific and Industrial Research (CSIR), New Delhi, Delhi.


8th ICC Women’s T20 World Cup 2023 held in South Africa: Australia won its title defeating South AfricaThe Australian women‘s national cricket team captained by Meg Lanning won the 8th edition of the International Cricket Council (ICC) Women’s Twenty20 (T20) World Cup 2023 by defeating South Africa women’s team captained by Sune Luus by 19 runs in the finals held in the Newlands Cricket Ground in Cape Town, South Africa.

  • This marks the 6th and third consecutive ICC Women’s T20 World Cup title of Australia. Australia previously won the title in 2010, 2012, 2014, 2018 and 2020.
  • ICC women’s T20 World Cup 2023 was hosted by South Africa from 10th to 26th February 2023.
  • The tournament was held at 3 venues in three cities of SA viz. Newlands Cricket Ground (Cape Town), St George’s Park (Gqeberha), and Boland Park (Paarl).

About Australia:
Prime Minister– Anthony Albanese
Capital– Canberra
Currency– Australian Dollar


World NGO Day 2023 – 27th February World Non-Governmental Organisation (NGO) Day is annually observed across the globe on 27th February to recognise, celebrate, and honour all non-governmental and nonprofit organizations that contribute to society.
World NGO Day is celebrated in more than 89 countries and over 6 continents.

  • 27th February 2023 marks the observance of the 10th edition of World NGO Day.
  • The first-ever World NGO Day was observed on 27th February 2014. The Global Inaugural event was hosted by the Ministry for Foreign Affairs of Finland, in Helsinki, Finland ib 27th February 2014.

About  Council of the Baltic Sea States(CBSS):
The Council of the Baltic Sea States(CBSS), established in 1992, is an intergovernmental forum for cooperation between the states in the Baltic Sea Region.
Presidency (2022-2023)– Germany
Aim: To promote democratic and economic development in the Baltic Sea Region.
Members –  10 Member States and the European Union
Headquarters– Stockholm, Sweden


4th National Protein day – 27 February 2023 National Protein Day is annually observed across India on February 27 to raise public awareness and educate people about the health benefits of protein.

  • 27th February 2023 marks the observance of the 4th National Protein Day.

The theme of National Protein Day 2023 is “Easy Access to Protein for All”.

  • The theme aims to raise awareness and promote the importance of having easy access to protein for a healthy and well-balanced diet.

Background:
i. National Protein Day was initiated by the Right To Protein (RTP), a nationwide public health campaign, which focuses on raising awareness of adequate protein consumption for better health and nutrition.
ii. The 1st ever National Protein Day was observed on 27th February 2020.


Kerala, UN Women signs MoU to Empower Women in Tourism; JFE Engineering Ltd Providing Technical Support to Kerala’s 1st Waste-to-Energy PlantKerala Tourism has signed a memorandum of understanding (MoU) with UN Women at the first-ever Global Responsible Tourism Summit, which was scheduled to be held for 4 days in Kumarakom, Kerala.

  • Objective: To work towards promoting women-friendly tourism in Kerala with a focus on women empowerment.
  • The MoU was signed by Director of  Kerala Tourism P.B. Nooh and UN Women India Representative Ms Susan Ferguson. The Responsible Tourism Mission will be the implementing agency for the MoU.

Chief Minister of Kerala Pinarayi Vijayan announced the agreement made with Japan-based JFE Engineering Limited to provide technical support to Kerala’s first waste-to-energy treatment plant at Kozhikode, Kerala.

  • The Kerala government plans to complete the construction of the plant within 2 years.
  • JFE Engineering Limited has experience of installing more than 350 waste disposal plants across the world.

About UN Women:
It is the United Nations entity dedicated to gender equality and the empowerment of women.
Headquarters – New York, USA
Establishment – July 2010
Executive Director – Ms. Sima Bahous


Odisha’s FM Niranjan Pujari Presented the State’s Highest ever budget of Rs 2.3 lakh crore for FY24 Odisha’s Finance Minister Niranjan Pujari presented the state’s highest-ever budget for the Financial year 2023-24 with an outlay of Rs 2.30 lakh crore, increased by 15% from FY23’s budget outlay of Rs 2 lakh core.

  • The budget was presented in two parts such as the agriculture budget and the general budget.

Key Budgetary Allocations:
i.An outlay of Rs 24,829 crore was made for the agriculture budget, which was 20% more than that of FY23. It constitutes about 22.5% of the Gross State Value Added (GSVA).ii.The capital outlay was increased by more than 60 times from Rs 834 crore in 2000-2001 to Rs 51,683 crore in 2023-24, which is about 6% of the GSDP
iii.The total budget allocation is proposed to be financed through revenue receipts of Rs 1,84,500 crore and borrowing and other receipts of Rs 45,500 crore.
iv.As per the FM’s statement, the state’s development expenditure increased by ‘35 times’ from Rs 3,538 crore in 2000-01 to Rs 1,25,000 crore in 2023-24.
v.Rs 16,048 crore was proposed for public health care. Rs 22, 528 crore allocated for School and mass education department.
vi.With a budgetary allotment of Rs 50 crore, FM announced a new scheme Mission Shakti Scooter Yojana for FY24.
About Odisha:
Governor –  Ganeshi Lal
Festival – Kalinga Mahotsav, Chandan Yatra or Gandhalepana Yatra
Stadium – Kalinga Stadium, Barabati Stadium


Madhya Pradesh Cabinet Approves Ladli Behna Yojana to Empower WomenOn 25th February 2023, The Cabinet of Madhya Pradesh headed by Chief Minister of MP Shivraj Singh Chouhan, approved the Mukhyamantri Ladli Behna Yojana 2023 with the aim to empower women at every level.

  • Under this scheme, married women aged between 23 and 60 years, will be offered financial assistance of Rs 1000 per month.

About Mukhyamantri Ladli Behna Yojana:
i.The scheme aims to ensure the all-round development of women in MP, their economic independence, better health and nutritional level.
ii.This will also support the women in strengthening their decision-making role in the family.
iii.The scheme is planned to benefit around one crore women in MP.
Rs 1000 will be deposited directly into the aadhar linked bank accounts of the eligible women.
Special provision: 
For women (aged below 60 years) receiving less than Rs 1000 per month under any other social security pension scheme, a provision has been made to pay her a raised amount of Rs 1000 per month.
About Madhya Pradesh:
Chief Minister– Shivraj Singh Chouhan
Governor– Mangubhai Chhaganbhai Patel
National Park– Madhav National Park; Satpura National Park
Wildlife Sanctuary– National Chambal Gharial Wildlife Sanctuary, Kheoni Wildlife Sanctuary


UP Government signs MoA with Tata Technologies to Upgrade 150 ITIsOn 26th February 2023, the Government of Uttar Pradesh (UP) signed a 10-year Memorandum of Agreement (MoA) amounting to Rs 5472 crore with Tata Technologies Limited, a global engineering and digital services company, to upgrade 150 government-owned Industrial Training Institutes (ITIs) across 75 districts in UP with modern infrastructure, industry-oriented courseware, training, and support for advanced equipment and software as per industry 4.0.
ITI Upgrade Project:
i. Tata Technology will invest around Rs 4282 crore and Rs 1190 crore will be spent by the Government of UP.
ii.With an investment of Rs 4887 crores, ITI centres will be modernised on the existing ITI premises with approx. 10,000 square feet of ITI area being developed by the Government of UP.
iii. When the ITIs are modernised, they will offer 6 new trades and 23 new short-term courses to meet Industry 4.0 demands. At full capacity, they will train over 1,20,000 students a year.
iv. The project is scheduled to start in March 2023 and is expected to be ready between January 2024 and March 2024.
Key Highlights:
i. After being upgraded, these ITIs will serve the needs of students and potential employers for advanced skills while also serving as technology hubs and skill centres for both large industries and Micro, Small, and Medium Businesses (MSME).
ii. The project will enhance industrial education and training while also improving the learning environment for young people to better fulfil the demands of the business.
iii. Upgraded ITIs will provide guidance, experience learning earning through physical and digital delivery, and employability skills.
iv. It will also function as a skill centre and support local artisan and handicraft industries by providing custom courses on product design and increasing their artistic level
v. The collaboration between Tata Technology and the UP Government aims to advance youth employment opportunities and the development of digital skills in UP, helping the state towards a brighter future.
About Tata Technologies Limited: 
Chief Executive Officer (CEO) & Managing Director (MD)- Warren Haris
Headquarters- Pune, Maharashtra
Establishment- 1989
About Uttar Pradesh:
Chief Minister- Yogi Adityanath
Governor- Anandiben Mafatbhai Patel
Airports- Chitrakoot Airport; Azamgarh Airport
Bird Sanctuary- Nawabganj Bird Sanctuary; Sandi Bird Sanctuary


Ellora Ajanta International Festival 2023 held in Maharashtra- 25th to 28th February 2023

The 3 day- Ellora -Ajanta International Festival 2023 held in Chatrapati Sambhajinagar (formerly known as Aurangabad), Maharashtra, from 25th to 28th February 2023. The festival was organised at the historical place Soneri Mahal, under the campus of the Dr Babasaheb Ambedkar Marathwada University in Chatrapati Sambhajinagar (Aurangabad).

  • The festival was inaugurated by the Union Minister of State (MoS) for Finance Dr. Bhagwat Karad on 25th February 2023.
  • The festival is a celebration of the cultural heritage and diversity of the region. The festival featured a range of events, including live music performances, dance shows, art exhibitions, and food festivals.

Current Affairs- 26 & 27 February 2023

Best Jewellery Best Electronics Best Luggage wear Best books Gym Equipment

EAC-PM Chairman Bibek Debroy Released the 2nd Edition of Foundational Literacy and Numeracy Report Dr Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) released the second edition of the Foundational Literacy and Numeracy (FLN) report at the conference ‘TheIndiaDialog’, which was organised by Institute for Competitiveness and US-Asia Technology Management Center, Stanford University, on February 23 & 24, 2023.

  • The FLN Index 2022 is an indicator of literacy among children below 10 years of age.
  • India’s overall average score in the FLN index 2022 was 44.48 and 18 out of 36 state/UTs have scored above the country average.
  • The report has been authored by Amit Kapoor, Chair, Institute for Competitiveness, Natalia Chakma, Researcher, Institute for Competitiveness, and Sheen Zutshi, Research Manager, Institute for Competitiveness.
  • In the FLN index, under the large state categories, West Bengal maintained its top position while Uttar Pradesh stood at the bottom. Among smaller states, Punjab was at the top of the index while Telangana was at the bottom. Among UTs Puducherry topped the index while Ladakh was the worst performer.

About Economic Advisory Council to the Prime Minister (EAC-PM):
It is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the Prime Minister.
Current members: Chairman – Dr. Bibek Debroy; Part-time Members – Rakesh Mohan, Dr. Sajjid Chinoy, Dr. Neelkanth Mishra , Shri Nilesh Shah, Prof. T.T. Ram Mohan and Dr. Poonam Gupta .
Headquarters– New Delhi, Delhi


Kerala becomes 1st State to use Robotics Scavengers to Clean ManholesOn 24th February 2023, Roshi Augustine, Minister of Water Resources, launched a robotic scavenger “Bandicoot”, in Guruvayur in Thrissur district, Kerala and noted that the robotic technology would be extended throughout the state. With this, Kerala becomes the 1st state in India to use robotic technology to clean all its commissioned manholes and drainage.

  • The Bandicoot was launched under the Guruvayur Sewerage Project by the Kerala Water Authority (KWA) as a part of the Kerala Government’s 100-day action plan.

Note: In 2018, KWA started using Bandicoot to clean the manholes in Thiruvananthapuram, Kerala, and later, it was introduced in Ernakulam, Kerala.
Bandicoot:
i. Bandicoot, the world’s 1st robotic scavenger, was developed as a Make in India and Swachh Bharat Abhiyan initiative by Kerala-based Genrobotics, National Award winning Robotics startup that focuses on developing robotic technologies for solving social issues.
ii. It is already in use in urban bodies across India to replace the practice of sanitation workers physically entering the manholes.
iii. Genrobotics has received the ‘Kerala Pride’ award at the Huddle Global 2022 conclave organised by the Kerala Startup Mission (KSUM) for Bandicoot innovation.
Function:
i. The major component of Bandicoot is the robotic Tron Unit, which enters the manhole and removes sewage with robotic hands that resemble human hands.
ii. Bandicoot has waterproof, High-definition (HD) vision cameras and gas sensors that can detect harmful gases inside the manhole
iii. The launch of a robotic scavenger in Guruvayur Municipality was a significant step towards the usage of technologically advanced manhole cleaning solutions across Kerala.Note: Bandicoot robots are currently deployed across selected cities in 17 States and 3 Union Territories.
About Kerala:
Chief Minister- Pinarayi Vijayan
Governor- Arif Mohammed Khan
Wild Life Sanctuary- Aralam Wildlife Sanctuary; Malabar Wildlife Sanctuary
Tiger Reserve- Periyar Tiger Reserve; Parambikulam Tiger Reserve


UR dips to 7.2% in Q3FY23 & to 4.1% in July 2021-June 2022NSO Surveysi.On February 24, 2023, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the 5th ‘Annual Periodic Labour Force Survey (PLFS)- July, 2021 – June, 2022’ stating Unemployment rate (UR) at 5-year low of 4.1% in 2021-22. It was 4.2% in July 2020-June 2021.
ii.The pan-India UR for male was 4.4% and for women was 3.3% in July, 2021 – June, 2022.
iii.The UR in both rural and urban areas declined to 3.2% and 6.3%, respectively from 3.3% and 6.7% respectively, in July 2020-June 2021.
iv.The NSO also released the 17th quarterly PLFS survey for urban India for October-December 2022 quarter (Q3FY23). As per it, India’s urban UR in CWS terms for persons aged 15 years and above stagnated at 7.2% in Q3FY23, the same as the Q2FY23.
v.However, as compared to October-December 2021 it has declined when it was 8.7%.
About Ministry of Statistics and Programme Implementation (MoSPI):
Minister of State (Independent Charge)– Rao Inderjit Singh (Constituency- Gurugram, Haryana)
Secretary– DR. G P Samanta


NMCG Executive Committee Approved 9 Projects worth Rs 1278 crore for pollution abatement in Ganga Basin and Ghat DevelopmentNine projects worth around Rs. 1278 crore were approved at the 47th meeting of the Executive Committee of NMCG (National Mission for Clean Ganga) which was held under the chairmanship of G. Asok Kumar, Director General, NMCG.

  • Out of the 9 projects, 7 were related to reducing pollution in the Ganga Basin and 2 were related to ghat development.

Key Points:
i.West Bengal: A project in West Bengal worth Rs 123.02 crore was approved for the creation of a 13 MLD (millions of litres per day) STP (Sewage Treatment Plant) and a 300 KLD (Kiloliters Per Day) decentralized STP at Chakdaha Municipal Town.
ii.Bihar:A project at an estimated cost of Rs. 94.12 crore for the development of two Sewage Treatment Plants (10.91 MLD and 10.66 MLD) for pollution abatement in River Ganga  was approved for Lakhisarai town in Bihar.
iii.Madhya Pradesh: A project costing Rs. 511.15 crore was approved to decrease pollution in Rivers Kahn and Saraswati in Indore, Madhya Pradesh.
iv.Uttar Pradesh: Under ghat development, a project worth Rs. 2.84 crore was approved for Nageshwar Dham Ashram ghat in Fatehpur.
About National Mission for Clean Ganga (NMCG):
NMCG was registered as a society on 12th August 2011 under the Societies Registration Act 1860. It acted as the implementation arm of the National Ganga River Basin Authority(NGRBA)
Director General – G Asok Kumar
Headquarters – New Delhi, Delhi


Union Minister V. Muraleedharan to Launch New Initiatives at NIT CalicutOn 24th February 2023, V. Muraleedharan, Minister of State (MoS) for External Affairs and Parliamentary Affairs, visited the National Institute of Technology, Calicut (NIT-C), Kozhikode, Kerala. V. Muraleedharan launched several new initiatives in light of the implementation of the National Education Policy (NEP).

  • The visit of MoS V. Muraleedharan was organized by the Centre for International Relations and Foreign Languages (CIRFL) of NIT-C.

Key Highlights:
i. V. Muraleedharan also released a brochure of the “Centre for Women’s Welfare and Social Empowerment (CWSE)” at the NIT-C.

  • CWSE was established as an inclusive platform to assist women in developing their leadership, communication, and entrepreneurial skills through workshops, training programmes, and mentorship opportunities.

ii. The National Education Policy (NEP) 2020 calls for several actions to promote the internationalisation of higher education and make India a top study destination.

  • NEP 2020 calls for various actions, including facilitating faculty/student exchanges, research and teaching partnerships, and the signing of pertinent (mutually beneficial MOUs with foreign nations).

iii. The Centre for International Relations & Foreign Languages (CIRFL), one of the newly established multidisciplinary centres of the NITC, has actively established the International Students and Scholars Office (ISSO).
iv. The National Skills Qualifications Framework (NSQF) Level of Training (Level 3-7) Skill Hub is being established by NIT Calicut to support self and wage employment, apprenticeship, etc.

  • Skill Hub in NIT Calicut will focus on new-age courses: Artificial Intelligence (AI), Blockchain, 3D Printing,  Drone, etc.

v. During the Minister’s visit, the new ISSO office was unveiled and the 1st newsletter from CIRFL will be published to highlight its activities and successes from the previous year (2022).
NITC signs MoU with MAGCOM for academic cooperation: 
NIT-C signed a Memorandum of Understanding (MoU) with the Kozhikode-based Mahatma Gandhi College of Mass Communication (MAGCOM) for academic cooperation. Under this MoU, both NIT-C and MAGCOM will work together on the role of communication in engineering studies and the role of technology in media studies.
In collaboration with CIRFL and NIT-C, academic courses in the domains of content writing, technical writing, and international media studies are set to be started.

  • The MoU was signed by M.S. Shamasundara, Registrar of NIT-C, and A.K. Anuraj, Director of MAGCOM.

MHA approves Renaming of Aurangabad and Osmanabad

On 24th February 2023, the Ministry of Home Affairs (MHA) approved the renaming of Aurangabad city as “Chhatrapati Sambhajinagar” and Osmanabad city as “Dharashiv” in Osmanabad district, Maharashtra.

  • The renaming of Aurangabad as Chhatrapati Sambhajinagar and Osmanabad as Dharashiv was the last Cabinet decision of the Maha Vikas Aghadi government led by Uddhav Thackeray. The demand was first raised by Bal Thackeray, founder of Shiv Sena.

Aurangabad derives its name from the Mughal emperor Aurangzeb, while Osmanabad was named for a 20th-century ruler of the princely state of Hyderabad.

  • The new name of Aurangabad – ‘Chhatrapati Sambhajinagar’, is derived from Chhatrapati Sambhaji, the eldest son of Maratha king Chhatrapati Shivaji Maharaj and 2nd ruler of the Maratha state(1681-1689). Sambhaji Maharaj was executed on Aurangzeb’s orders in 1689.

Dharashiv‘, a new name for Osmanabad, is derived from the name of a cave complex near Osmanabad city. According to researchers, Dharashiv dates back to the 8th century.


US’s International IPR Index 2023 (11th Edition): India Drops to 42nd Place According to the International Intellectual Property Rights Index 2023 (11th edition) released by the United States (US) Chamber of Commerce, India ranks 42nd with an overall index score of 38.64% (i.e.,19.32 out of 50) among 55 major global economies across 50 unique indicators.

  • According to the index, India is well-positioned to take the lead among developing nations in driving innovation that is IP-driven to transform their economies.
  • India was placed 43rd out of 55 countries in 2022 and 40th in the index in 2021, rising just one spot to the 42nd position in 2023.

The index was launched by the Global Innovation Policy Centre of the US Chamber of Commerce and is closely monitored by the Indian government.
International IP Index 2023 (11th Edition)
i.The annual international IP index assesses the protection of intellectual property rights (IPR) in 55 of the world’s largest economies, which account for around 90% of global GDP.

  • The index found that several domestic and international measures threatened to weaken IPR.

ii.It addresses issues ranging from patent and copyright laws to the ability to monetize IP assets and the ratification of international treaties.
iii.The index seeks to guide countries towards a brighter economic future characterised by increased innovation, creativity, and competitiveness by analysing the IP landscape in global marketplaces.
Click here to read the executive summary of the report.


Bangladesh Govt, ISA Inks Agreement to Enhance Usage of Solar Power in BangladeshThe International Solar Alliance (ISA) and the Government of Bangladesh have signed an agreement to enhance the use of solar energy in Bangladesh.

  • The agreement was signed by Bangladesh Power Division Secretary Md. Habibur Rahman and ISA Director General Ajay Mathur.

The agreement is scheduled to take effect in December 2026.
Featured Projects under the Agreement

  • 12 trolley-mounted solar irrigation systems of 2 kW (kilowatt) each for the Bangladesh Rice Research Institute (BRRI)
  • 12 portable 2 kW solar paddy threshers
  • 1.5 kW of solar-powered drinking water
  • Installation of any one railway rooftop solar project on platforms
  • Installation of two rooftop solar projects with a combined capacity of 22 KW

Key Points:
i.By 2041, the Bangladesh government intends to have 40% of its energy generated from renewable sources.
ii.By the year 2030, Bangladesh intends to generate 4000 MW of solar energy through several projects.

  • The country is also promoting the use of other renewable energy sources like wind power, energy from waste, and hydropower to help it reach its goals.

iii.Guidelines for net metering rooftop solar installations have also been implemented. Solar energy is also being encouraged in agriculture.
International Solar Alliance (ISA)
i.The ISA is a group of 123 nations that was established to enhance solar energy and solar technology deployment to increase energy security and promote sustainable energy use among member nations.
ii.It was developed as a joint initiative between India and France to mobilize efforts to combat climate change by deploying solar energy alternatives.
iii.It was conceived on the fringes of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of Parties (COP21) in Paris (France) in 2015. All United Nations member states are eligible to join the ISA.
Director General – Ajay Mathur
Headquarters – Gurugram, Haryana


FATF Suspends Russia’s Membership due to Ukraine War; Added South Africa, Nigeria on ‘grey list’Following its 2nd Plenary under the presidency of T. Raja Kumar of Singapore (22-24 February 2023), the Financial Action Task Force (FATF), the Global financial crime watchdog, updated its statements identifying high-risk and other monitored jurisdictions.

  • FATF suspended Russia’s membership stating that Russia’s war in Ukraine violated the FATF’s principles to promote security, safety, and the integrity of the global financial system.
  • FATF has also added South Africa and Nigeria to its “grey list“, a list of countries that are failing to combat money laundering and terrorism financing.
  • FATF has removed Cambodia and Morocco from the grey list.

Key Points:
i.While the membership of Russia has now been suspended, it still remains a member of FATF and the Russian Federation remains accountable for its obligation to implement the FATF Standards and continue to meet its financial obligations.
ii.This decision of FATF indicates to global banks, financial institutions and investors that these countries are not fully compliant with anti-money laundering and terrorist financing standards.

  • Ukraine welcomed the decision of FATF and urged FATF to exclude Russia from the list of FATF member countries and to place it on the Blacklist as a high-risk country or jurisdiction.

iii.The addition of South Africa and Nigeria to the grey list means the clients at the  financial institutions in these countries are likely to experience increased due diligence checks in international banking and finance.
South Africa and Nigeria have made high-level political commitments to address the deficiencies it had found.

  • The FATF has listed 8 areas that South Africa still needed to work on in order to remove it from the grey list.

Points to note: 
Paris (France) based FATF is an inter-governmental organisation established to combat money laundering and terrorism financing. FATF sets international standards to prevent these illegal activities.
Members: FATF members include 39 countries, which includes, the United States of America(USA), India, China, Saudi Arabia, the United Kingdom(UK), Germany, and France. Ukraine is not a member of FATF.
Black list: Countries under the FATF blacklist: Democratic People’s Republic of Korea(North  Korea), Iran, Myanmar
About Financial Action Task Force (FATF):
President– T. Raja Kumar of Singapore (1 July 2022 to 30 June 2024)
Headquarters– Paris, France


NSE Indices launches India’s 1st Nifty India Municipal Bond IndexIndia’s first ever municipal bond index namely ‘Nifty India Municipal Bond Index’ has been launched by NSE Indices Limited, a subsidiary of National Stock Exchange (NSE). It has a base date of January 1, 2021, and a base value of 1,000.

  • It was launched at a Securities and Exchange Board of India (SEBI) workshop on Municipal Debt Securities in Bengaluru, Karnataka.
  • This index will track the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating.

About Index:
i.Presently, the index has 28 municipal bonds issued by 10 issuers all having credit rating in the AA category.
ii.The index constituents are assigned weights based on their outstanding amount.
iii.The index is computed using the total return methodology including price return and coupon return.
iv.It will be reviewed quarterly.
Key Note:
In 2015, SEBI’s Issue and Listing of Municipal Debt Securities Regulations, 2015 came into effect after which the Indian municipal bond market has seen a resurgence of issuances. Raising money from capital markets incentivises municipal corporations to fund new projects and improve civic infrastructure
About NSE Indices Limited:
The company owns and manages a portfolio of indices under the Nifty brand of NSE
It also maintains fixed income indices based on Government of India securities, corporate bonds, money market instruments and hybrid indices.
CEO– Mukesh Agarwal
Headquarter– Mumbai, Maharashtra


PFRDA Launches T+2 Settlement for Partial Withdrawal of NPSThe Pension Fund Regulatory & Development Authority (PFRDA) has reduced the waiting period for National Pension System (NPS) subscribers for processing partial withdrawal requests to T+2 (after two days of the request) across all Central Record Keeping Agencies (CRAs).

  • Formerly, the turnaround time for NPS was T + 4 (after four days of the request).

In September 2022, PFRDA decreased the timeline for processing withdrawal requests from subscribers at the time of exit from T+4 working/settlement days (T being the day of authorization of withdrawal request by Nodal officer/ PoP/ Subscriber) to T+2 days.
Key Points:  
i.The pension regulator, PFRDA, has expanded the services available under T+2 timeframes and has now calculated the turnaround time for all types of withdrawals.
ii.Reduced timelines will be implemented gradually in the future for many more activities in the interest of subscribers.
iii.The intermediaries of PFRDA, namely CRAs, Pension Funds, and Custodians, have improved the system interface and enhanced their IT capabilities as part of Azadi Ka Amrit Mahotsav and to commemorate 75 years of India’s independence.

  • This has decreased the timelines of various transactions under the NPS and provided a better subscriber experience to meet their evolving needs.

iv.Assets under management (AUM) reached nearly Rs. 8.75 lakh crore as of February 11, 2023, as India’s pension assets [NPS and Atal Pension Yojana (APY)] continue to rise rapidly.

  • Despite challenges like rising inflation and rising interest rates in India, AUM has been growing at a 28–30% rate.

About the Pension Fund Regulatory & Development Authority (PFRDA):
Chairman – Supratim Bandyopadhyay
Establishment – 2003
Headquarters – New Delhi, Delhi


APEDA signs MoU with Lulu Hypermarket for export promotion of millets in GCC Countries

On 21st February 2023, The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce (MoC) signed a Memorandum of Understanding (MoU) with Lulu Hypermarket LLC to promote the export of millets to the Countries of Gulf Cooperation Council (GCC).
APEDA in association with Lulu Group aims to promote millet products and value-added products around the world.

  • The MoU was signed by Tarun Bajaj, Director of APEDA, and VI Saleem, Chief Operating Officer (COO) of Lulu Hypermarket LLC, at Gulfood 2023 in Dubai, the United Arab Emirates (UAE), for the promotion of millets in GCC countries.
  • From April to November 2022, India exported millets worth USD 46.05 million. The new MoU will help APEDA to reach its target of exporting millets and its value-added products worth USD 100 million by 2025.     

Govindaraj Kempareddy becomes 1st Indian to be Nominated as President of FIBA AsiaGovindaraj Kempareddy(K Govindaraj), President of the Basketball Federation of India (BFI), was unanimously nominated as the President of FIBA Asia, a zone within the International Basketball Federation (FIBA – Federation Internationale de Basketball Amateur) which contains all 44 Asian FIBA federations. He becomes the 1st Indian to be elected as FIBA Asia President.

  • K Govindaraj will replace Qatar’s Sheikh Saud Ali Al Thani, who is currently serving his 4th five-year term as President of FIBA Asia. He has been president of FIBA Asia since 2002.
  • Indian National Congress activist K Govindaraj is currently serving as a member of the Karnataka Legislative Council (KLC) and Vice-President of the Indian Olympic Association(IOA).

Note: FIBA Asia is one of the five regional zones of FIBA: the other 4 zones are FIBA Africa, FIBA Americas, FIBA Europe and FIBA Oceania.
About Govindaraj Kempareddy:
i. Govindaraj Kempareddy started his career as National Basketball Player
ii. He also serves as Secretary of the Karnataka State Basketball Association for the last 25 years and is a member of the Sports Authority of Karnataka for the last 10 years.
iii. He is also a member of the Selection Committee for the prestigious Ekalavya Awards.
iv. He served as the Manager of the Indian team at the Asian basketball championship held in Shanghai (China) in 2001, and as a Manager of the Indian team at the Asian basketball championship held in Jakarta (Indonesia).
v. Presently, Govindaraj Kempareddy serves as the Director of the Indian Cost Accountants Institute, a Government of India Nominee.
About FIBA Asia:
President- Sheikh Saud Ali Al Thani
Chairman- Yao Ming
Headquarters- Beirut, Lebanon
Establishment- 1960


First MCA Barge Launched by Indian NavyOn February 24, 2023, the first Missile cum Ammunition (MCA) Barge, Yard 75 (LSAM 7) was launched by Rear Admiral Sandeep Mehta at Guttenedevi, the launch site of SECON, Visakhapatnam, Andhra Pradesh.

  • Background: In February 2021, a contract for the construction of 8 Missile Cum Ammunition Barges (MCA) has been concluded with an MSME (Micro, Small & Medium Enterprise) SECON, Visakhapatnam.
  • The MCA Barges included in Indian Navy to perform the mission needs for embarking/ disembarking Missile, Gunnery and ASW Ammunition.

Key Points:
i.Being a part of the ‘Make in India’ initiative of the Government of India, all major and auxiliary equipment/systems of the MCA Barge was sourced from indigenous manufacturers.
ii.The Barge was built with a service life of 30 years.
iii.The MCA Barges will support the Operational commitments of the Indian Navy by providing Transportation, Embarkation and Disembarkation of articles/ammunition to IN (Indian Navy) Ships both alongside jetties and at outer harbours.


Roscosmos launches Soyuz MS-23 Spacecraft to bring back 3 Astronauts stranded on ISSOn 24th February 2023, State Space Corporation ROSCOSMOS (Roscosmos), the Russian Space Agency, launched a Soyuz MS-23 spacecraft to bring back 3 astronauts stranded on the International Space Station (ISS) due to the coolant leak on their original return capsule, Soyuz MS-22 capsule. The unmanned Soyuz MS-23 was launched from Baikonur space centre in Kazakhstan and had been placed in Orbit.

  • Soyuz MS-23 will bring back 3 Astronauts: Sergey Prokopyev and Dmitri Petelin, cosmonauts from Russia, and Frank Rubio, a NASA astronaut from the United States of America (USA) who had been due to end their mission in March

Key Points:
i. The 3 astronauts were intended to be on board the International Space Station (ISS) for 6 months when they arrived in September 2022, but their mission was extended when their return Soyuz MS-22 capsule began to leak coolant in December 2022.
ii. US and Russian space officials believe that the leak on MS-22 was caused by a micrometeorite, a tiny particle of space rock.
iii. The three astronauts would return to Earth aboard Soyuz MS-23 in September 2023.

  • The damaged MS-22 spacecraft is scheduled to land without a crew in March 2023.

Note: 430 kilogrammes (about 950 pounds) of cargo was sent aboard the replacement craft, including medical equipment, scientific instruments, water, food and cleaning supplies.
About State Space Corporation ROSCOSMOS (Roscosmos):
Director-General- Yury Ivanovich Borisov
Headquarters- Moscow, Russia
Establishment- 1992


Devisingh Ransingh Shekhawat, Former President Pratibha Patil’s husband, Passed Away

On 24th February 2023, Renowned educationist Devisingh Ransingh Shekhawat, husband of the former President of India Pratibha Patil and former First Gentleman of India (2007-2012), passed away in Pune, Maharashtra, at the age of 89. He was born in 1934.

  • Devisingh Shekhawat was an Indian agriculturist and politician He also served as the first gentleman of Rajasthan (2004 -2007) and also as mayor of Amravati (1991–1992). He was a member of the Indian National Congress.
  • He served in the Legislative Assembly for the years 1985 to 1990, having been elected from the Amravati constituency to the Maharashtra state assembly.

Bihar cabinet approves USD 50,000 for developing fog alert system with US-NCAROn 24th February 2023, the Cabinet of Bihar chaired by Chief Minister Nitish Kumar, approved USD 50,000(around Rs 41.41 lakh) to develop an early warning system for dense fog and cold wave conditions in collaboration with the National Center for Atmospheric Research (NCAR), a Federally Funded Research and Development Center of the National Science Foundation, United States of America.

  • The proposal to approve USD 50,000 for this project was introduced by the Planning and Development Department, Government of Bihar.

Key Points:
i.USD 50,000 will be utilised to offer technical support for the works that will be jointly carried out by the government of Bihar and NCAR.
ii.Bihar and NCAR are set to sign a Memorandum of Understanding(MoU) in this regard.
About Early warning systems:
i.The Early warning systems will play a major role in climate change adaptation and disaster risk reduction.
ii.The aim of the Early warning systems is to avoid or reduce the damages caused by extreme weather conditions.
iii.The Bihar Mausam Seva Kendra(BMSK) under Planning & Development Department, is developing an application which will provide early warning of dense fog and cold wave conditions to the people.

  • These information will also be provided to the people through the call centre of the BMSK.

About Bihar:
Chief Minister– Nitish Kumar
Governor– Rajendra Vishwanath Arlekar
National Park– Valmiki National Park
Wildlife Sanctuary– Bhimbandh Wildlife Sanctuary; Gautam Buddha Wildlife Sanctuary


Ola Electric to set up World’s largest EV hub in Tamil Nadu with Rs. 7,614 crore investment

Ola Electric Mobility Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu(TN) committing investments worth Rs 7,614 crore in the presence of TN Chief Minister(CM) Muthuvel Karunanidhi Stalin (M.K. Stalin) and Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola, at the Secretariat in Chennai, TN.

  • The investments include setting up of world’s largest  Electric Vehicle (EV) hub with an integrated two-wheeler, electric car and lithium-cell Gigafactories with a capacity of 20 GW in SIPCOT Bargur, Krishnagiri district of Tamil Nadu
  • Ola will invest Rs 5,114 crore for making lithium cells and Rs 2,500 crore for the car plant.
  • This will generate employment for around 3111 people in TN.

Current Affairs- 25 February 2023

Best Jewellery Best Electronics Best Luggage wear Best books Gym Equipment

CJI DY Chandrachud Launches “Neutral Citations” For All Supreme Court JudgementsOn 23rd February 2023, Chief Justice of India (CJI) D Y Chandrachud, launched the “Neutral Citations” which would ensure a uniform pattern of citing the decisions of the Supreme Court.
Neutral citation system:
i.The Neutral citations system is a part of the efforts of the Supreme Court to introduce and implement a uniform, reliable and secure methodology to identify and cite decisions in the supreme court.
ii.On 23rd February 2023, The bench headed by CJI, DY Chandrachud announced that all the judgements of the apex court will have neutral citations.
iii.A committee of 3 High Court judges has been constituted to work on the process of neutral citations.

  • It is noted that the high court of Delhi and Kerala already have a neutral citation system.

Key Points: 
i.CJI noted that the SC will also employ a machine learning (ML) tool to translate the verdicts from English to Indian Languages. So far, Around 2900 judgements have been translated into Hindi.
ii.A team of district judges and law researchers will assist in checking the translated versions of the judgements.
Electronic Supreme Court Reports (e-SCR) project:
The e-SCR project launched by CJI on 2nd January 2023 is aimed to provide free access to around 34000 judgements to lawyers, law students and the common public.

  • e-SCR projects also aims to provide a digital version of the apex court’s judgments in the manner as they are reported in the official law report – ‘Supreme Court Reports’.

Mercom report: India’s Solar capacity  installations grows 27% to 13 GW in 2022 As per the Mercom India report, titled ‘2022 Q4 and Annual India Solar Market Update’, Solar capacity installations in India increased by 27% year-on-year (y-o-y) to 13 gigawatts (GW) during the calendar year (CY) 2022 compared to 10.2 GW installed in CY 2021.

  • Solar capacity Installations in 2022 were the highest ever recorded in India.
  • The cumulative solar capacity installed in India was approximately 63 GW at the end of Q4 2022.

Key Points:
i.During CY 2022, large-scale solar projects accounted for 87% of the installations. Rooftop installations decreased by 3.7% YoY.
ii.India’s large-scale solar project pipeline stood at 58 GW, with another 51 GW of projects tendered and pending auction
iii.India added 2.6 GW of solar installed in Q4 (October-December) 2022, decreased by 5% from 2.8 GW in 2021, a marginal decrease of 2.5% from 2.7 GW installed in Q3 2022.

  • Solar accounted for 82% of new power capacity additions in 2022, the highest recorded in any year

iv.Rajasthan, Karnataka and Gujarat were the top three states for cumulative large-scale solar capacity, accounting for 54% of installations in India as of December 2022.
v.Renewable energy sources accounted for 96% of new power capacity added in 2022, the highest share in India’s history.
vi.India requires 27 GW annual solar installation per year to meet the 280 GW target by 2030.
vii.The average cost of projects throughout CY 2022 was affected due to higher module prices and supply constraints.


CSC Academy and NIELIT signs MoU to Enhance Digital Literacy and Skill Development in IndiaOn February 23, 2023, a Memorandum of Understanding (MoU) has been signed between CSC Academy, a subsidiary of Common Service Centre (CSC) e-Governance Services India Limited, and New Delhi (Delhi)-based National Institute of Electronics and Information Technology (NIELIT) to enhance digital literacy and skill development in India.
The MoU was signed in the presence of Director General Dr. Madan Mohan Tripathi, NIELIT; Chief Executive Officer (CEO) Dr. Rishikesh Patankar, CSC Academy; MD (Managing Director) & CEO Sanjay Kumar Rakesh, CSC SPV (Special Purpose Vehicle); among others.
Aim behind MoU:
i.To establish a long-term partnership between the two organizations
iii.To create employment opportunities for the youth of India
What is in the MoU?
i.Under this, both sides will develop and implement training programs in various fields of technology that promote digital literacy.

  • These will include Skill Development, Virtual Academy, Accreditation and Facilitation Centre, Faculty Development Program, Digital and financial inclusion, Entrepreneurship development, Content and certifications and Provision of support to mutual partners and NGOs (Non Government Organizations).

ii.Both entities will reach out to a wider audience and help them to acquire new skills, thus creating a skilled workforce for the Indian digital economy.
About CSC Academy:
It is a subsidiary of CSC SPV and provides digital literacy and skill development training to the rural youth of India. It bridges the digital divide and creates employment opportunities for the rural population of India.
About NIELIT:
It is affiliated with the Ministry of Electronics and Information Technology (MeitY), and provides training and certification programs in various fields of Information Technology (IT).


18th UIC World Security Congress organized by UIC & RPF in Jaipur, RajasthanThe 18th UIC World Security Congress, a 3-day Conference, was held in Jaipur, Rajasthan from 21st February to 23rd February 2023. It was jointly organised by the International Union of Railways (UIC – Union International Des Chemins) and the Railway Protection Force (RPF), India.
The theme of Congress is “Railway Security Strategy: Responses and Vision for Future”.

  • The congress was divided into 4 sessions with underlying sub-themes of “Protecting Critical Assets & Freight”, “Human Security Approach”, “Best Railway Security Tools & Practices across the World” and “Vision 2030”.

Inaugural Session: 
A Special UIC edition of the RPF Journal was released on the occasion.

  • The journal contains articles from leading professionals from Indian and International police and security organizations, senior officials with decades of experience in civil administration and industry experts.

2nd Day: 
On the 2nd day, the Congress focused on exploring the best Railway Security tools and practices from around the world and called for an international collaboration to tackle Railway security challenges.
“Jaipur Declaration” adopted at the 18th World Security Congress 
On 23rd February 2023, the 18th UIC World Security Congress concluded with the adoption of the Jaipur Declaration for rail safety and security by the attendees.
About International Union of Railways (UIC) or Union International Des Chemins:
Chairman- Krzysztof Mamiński
Director-General- François Davenne
Headquarters- Paris, France
Establishment- 1922
About Railway Protection Force (RPF):
Director General- Sanjay Chander IPS
Headquarters- New Delhi, Delhi
Establishment- 1957 (Constituted as a federal Force)


Union Cabinet approves Construction of Shinkun La tunnel in Ladakh

The Cabinet Committee on Security(CCS) approved the construction of the 4.1 kilometres (km) Shinkun La tunnel on the Nimu (Ladakh) -Padam (Ladakh) -Darcha(Himachal Pradesh) road link to provide all-weather connectivity to the border areas of Ladakh.

  • The tunnel will be completed at a cost of Rs 1,681 crore by December 2025. An approach will also be built by December 2025.

The Shinkun La tunnel will provide Ladakh all-weather road access, which will be the shortest route to reach the Union Territory (UT) border regions


CAG Girish Chandra Murmu selected as External Auditor of ILO Girish Chandra Murmu (G.C. Murmu), Comptroller and Auditor General(CAG) of India, has been selected as External Auditor of the International Labour Organisation (ILO) in Geneva, Switzerland, for a 4-year term (2024-2027).

  • CAG Girish Chandra Murmu will replace the incumbent external auditor of ILO, Jose Callangan Calida, Chairperson of the Commission on Audit (COA), the Supreme Audit Institution of the Republic of the Philippines.

Note: The appointment of CAG is a recognition of its status within the international community and of its professionalism, high standards, experience with international audits, and solid national credentials.
Key Points:
i. The selection panel for the appointment of the external auditor was formed by ILO and invited bids from the Superior Audit Institutions (SAIs).
ii. The ILO selected three Supreme Audit Institutions (India, Canada, and the United Kingdom) for technical presentations based on their technical expertise and other criteria.
About Girish Chandra Murmu:
i. Girish Chandra Murmu, a 1985 batch Indian Administrative Service (IAS) officer of Gujarat cadre, assumed office as the 14th Comptroller and Auditor General (CAG) of India on 8th August 2020.
ii. he served as the first Lieutenant Governor of the Union Territory (UT) of Jammu and Kashmir (J&K) from 2019-2020 after the bifurcation of the state into two union territories.
iii. Previously, he served in various capacities in the Government of India such as Secretary of the Department of Expenditure, Special and Additional Secretary in the Department of Financial Services and Department of Revenue, and Joint Secretary in the Department of Expenditure.
iv. Girish Chandra Murmu is currently the external auditor of the Inter-Parliamentary Union (2020-2022), World Health Organization (2020-2023), Food and Agriculture Organization (2020-2025), Organization for Prohibition of Chemical Weapons (2021-2023), and International Atomic Energy Agency (2022-2027).
About the International Labour Organisation (ILO):
Director-General- Gilbert Fossoun Houngbo
Headquarters- Geneva, Switzerland
Establishment- 1919
Members- 187 Member States


I2U2 Business Forum’s Inaugural Meeting Hosted by UAE in Abu Dhabi; India became member of AIM4C
The inaugural I2U2 (a grouping of Israel, India, the UAE, and United States) Business Forum was hosted by the United Arab Emirates (UAE) on February 21-22, 2023 at Abu Dhabi, UAE.
Highlights of 1st I2U2 Business Forum:
i.I2U2 Business Forum discussed building integrated agricultural facilities across India. As a part of the forum’s initiative, the UAE is committed to $2-billion investment for integrated agricultural facilities across India and the development of a 300-MW wind and solar power plant in Gujarat.
ii.India was represented by Dammu Ravi, secretary (economic relations) of the external affairs ministry.

  • Dammu Ravi stated India’s commitment to I2U2 and insisted all stakeholders to work towards achieving tangible progress in I2U2 initiatives, including setting up an innovation centre at Gurugram, Haryana.
  • By representing India’s LiFE (Lifestyle for Environment) initiative, he urged I2U2 partners to work for a sustainable and environment-friendly lifestyle.

iii.The Business Forum was also addressed by Ahmed Al Sayegh, UAE minister of state,  Jose Fernandez, US under secretary of state, Ronen Levi, director general of Israel’s foreign ministry, and Brett McGurk, the White House coordinator for the Middle East and North Africa.
iv.Private and public sector representatives from the four countries participated in the forum and discussed opportunities for cooperation between the business communities.
-India Joins the Agriculture Innovation Mission for Climate
On the sidelines of the I2U2 Business Forum, in Abu Dhabi, UAE, India became the latest member of the Agriculture Innovation Mission for Climate (AIM4C), which was launched by the UAE and the US at COP26 in November 2021.

  • AIM4C intends to increase investment in and support for climate-smart agriculture and food systems innovation.
  • The AIM4C initiative has successfully increased these investments to more than 8 billion U.S. dollars globally.
  • Being a member, India joins the more than 275 partners, including 42 governments, who are working to collectively advance AIM4C’s mission by supporting investment in climate-smart agriculture and food systems innovation.

About I2U2
The I2U2 Grouping was conceived during a conference of the Foreign Ministers of four countries, India, Israel, the United States, and the United Arab Emirates in October 2021 to deepen technological and private sector collaboration in the region and tackle transnational challenges in six focus areas water, energy, transportation, space, health, and food security.
Note – UAE prepares to host COP28 in November 2023.


S&P Global’s Top 250 Global Energy Company ranking: NTPC Top among Independent Power Producers and Energy Traders 

NTPC Limited, India’s largest power generating company has topped among the Independent Power Producers and Energy Traders category in the S&P Global Commodity Insights Top 250 Global Energy Company Rankings® 2022.
Globally NTPC is ranked 58th on the ranking.
About NTPC:
i.NTPC currently contributes 24% of the total electricity produced in India with a share of 17% of the installed capacity.
ii.NTPC targets non-fossil fuel-based capacity to make up around 50% of its portfolio by 2032.

  • NTPC’s portfolio includes a renewable energy capacity of 60 GW and a total portfolio of 130GW.

About the S&P Global’s Top 250 Global Energy Company ranking:
i.The S&P Global’s ranking, the annual survey of the publically traded global energy companies, calculates and ranks based on financial performance using four key metrics: asset worth, revenues, profits and return on invested capital.
ii.All the companies in the list have assets greater than USD 5 billion
Top 5 on the 2022 ranking:

Indian companies among the top 50 on the ranking: 


Sri Lanka approves USD 442 Million Adani Green Wind Power PlantsOn 22nd February 2023, the Board of Investment (BOI) of Sri Lanka issued a letter of approval to India’s Adani Green Energy Limited (AGEL)  for 2 wind power plants project in Mannar and Pooneryn areas of (northern province) Sri Lanka with a total investment of USD 442 million.

  • The two wind power facilities of 350 megawatts (MW) will be commissioned in two years and will be added to the national grid by 2025. It will likely create around 1500 to 2,000 jobs.

Key Highlights:
i. Adani Green Energy is the renewable energy unit of the embattled Adani Group. The Adani investments in Lanka’s energy sector are in addition to their investment in the port of Colombo’s Western container terminal.
ii. With this BOI’s approval, the Adani Group’s total investments in Sri Lanka now exceed USD 1 billion.

  • Construction on the West Container Terminal began in November 2022, and it has already committed to investing USD 700 million at a strategic port terminal in Colombo, Sri Lanka.

iii. Sri Lanka raised power tariffs by a hefty 66% recently in an effort to get a USD 2.9 billion bailout from the International Monetary Fund (IMF) as it struggles to emerge from its worst financial crisis in more than 7 decades.
0000About Adani Green Energy Limited(AGEL):
Chief Executive Officer (CEO)- Vneet Jaain
Headquarters- Ahmedabad, Gujarat
Establishment- 2015
About Sri Lanka:
Prime Minister- Dinesh Gunawardena
President- Ranil Wickremesinghe
Capitals- Colombo, Sri Jayawardenepura Kotte
Currency- Sri Lankan Rupee


Karnataka Bank, Paisalo Digital inked Co-Lending Pact for MSME LendingA co-lending agreement has been signed between the Karnataka Bank (KBL) and Paisalo Digital Ltd (PDL), a non-deposit-taking NBFC (Non-Banking Financial Company) registered with the Reserve Bank of India (RBI).

  • This arrangement will provide financial support, and inclusion to the small income segment, and give impetus to the Micro, Small and Medium Enterprise (MSME) segment of India.

Signatories:
It was signed by Gokuldas Pai, Chief Business Officer of Karnataka Bank, and Santanu Agarwal, Deputy Managing Director of Paisalo in New Delhi, Delhi.
Key Points:
i.This pact will utilize KBL’s low cost of funds and its end-to-end digital capabilities and PDL to help the sourcing, servicing and recovery of small-ticket priority sector loans.

  • This will help both sides in extending credit to the priority sector like agriculture, retail, MSME, and women entrepreneurs.

ii.This pact is on the line with RBI guidelines on Co-lending by banks and NBFCs to Priority Sector to improve the flow of credit to unserved and underserved segments.
iii.In September 2022, PDL signed a co-lending pact with UCO Bank. It also has tied up with SBI (State Bank of India) wherein the latter has allotted 984 codes for the opening of new Customer Service Point (CSP) Outlets during FY23.
About Karnataka Bank:
Managing Director and Chief Executive Officer– Mahabaleshwara MS
Headquarter– Mangaluru, Karnataka


Niva Bupa rolls out ReAssure 2.0, a New Comprehensive PlanOn February 23, 2023, Niva Bupa Health Insurance Company (formerly Max Bupa Health Insurance) launched ‘ReAssure 2.0’ which is a ‘+’ (plus) variant of its current ReAssure plan.

  • The current plan provides the benefits of ReAssure , Booster and Safeguard. But the new launch provides a ‘+’ variant of these benefits to offer greater benefits.
  • It also offers a ‘live healthy’ benefit that gives a premium discount of up to 30% on policy renewal basis health points earned.

Eligibility:
It is available as an individual, multi-individual and family floater starting from Rs 5 lakh to Rs 1 crore for the age bracket of 18 years to 65 years.
Key Points:</stroni.This plan offers lock in of entry age until customer make a first claim thereby helping customers save on premium.

  • After the first claim, regular age band wise premiums will be paid.

ii.ReAssure Forever: Under this, customer will always have a sum-insured equal to his base sum insured available to him after the customer has made his first claim, that too unlimited times in a policy.
iii.Booster+ benefit: It allows the unutilized base sum insured to be carried forward to the next policy year. The sum insured amount will keep on accumulating with each renewal till up to 5X and 10X, depending on whether the customer has opted for platinum+ or titanium+ variant.
iv.Safeguard+: This optional benefit lets one claim for all non-payable items as per Non-Payables Annexure in addition to safeguarding the Booster+ benefit if the claim in a policy year is up to 1 lakh.
Other Benefits:
No capping on room rent, any hospitalization of 2 hours and above will be covered, Smart Health+ rider – offering unlimited tele consultations – and Day one coverage for diabetes and hypertension.


AUM of ARCs expected to grow 9.8% in FY23: CRISIL ReportAccording to the ASSOCHAM-Crisil Ratings report, Assets Under Management (AUM) of Asset Reconstruction Companies (ARCs) is projected to grow 9.8% in FY23 to Rs 1,19,000 crore after a period of relative stagnation.

  • ASSOCHAM full form is Associated Chambers of Commerce and Industry of India.
  • This growth is five-year high driven by few large transactions.
  • The report was released at the ARC seminar organised by ASSOCHAM.

Key Points:
i.The AUM stood at Rs 1.09 lakh crore in FY22.
ii.The growth in AUM, as measured by security receipts (SRs) outstanding, dropped to low single digits in the past 4 years.
iii.Between fiscals 2014 and 2018, AUM had grown at a steady pace (from Rs 42,000 crore to Rs 95,000 crore), initially driven by the supportive regulatory environment for banks to sell bad assets.
iv.There was steep fall in banks’ non-performing assets (NPAs), which is set to fall to under 5% by March 2023, down from over 11% in FY18.
v.There are 29 participants in the ARC industry. Though 70 per cent of the industry AUM are with just five of them and 54% of the total net owned funds are with just the top three of them..
vi.From Rs 2,500 crore capital deployed by 14 ARCs between fiscal 2003 and 2014, it has gone up to Rs 11,500 crore by 28 players in 2022.
vii.Until March 2022, 68% of the debt was corporate NPAs, down from a much higher 96% in FY19 when only 4% were non-corporate debt.
What is ARC?
It is a specialized financial institution that buys the NPAs or bad assets from banks and financial institutions at a mutually agreed value. It attempts to recover the debts or associated securities by itself.

  • ARCs are registered under the RBI and regulated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act, 2002).

Policybazaar Launches Unique ‘Health, Wealth and Life Solution’

Policybazaar in partnership with the insurer partners Niva Bupa Health Insurance and Tata AIA Life Insurance Company Limited has developed a new unique solution ‘health, wealth and life solution’ to offer the benefit of health insurance, life insurance as well as return on investment.

  • The new health + wealth + life offering combines the benefits of ULIP (Unit Linked Insurance Plan) and health insurance, thereby delivering protection against death and disease as well as enabling wealth creation for customers.
  • This solution will be beneficial for all kind of customers as it overcomes buying multiple plans for health insurance, life insurance and investment.

Key Features:
i.Wealth creation– This plan offers double the amount of premium invested at the time of maturity even if the funds grow at an 8% rate.
ii.Ageless plan – The applicable premium has to be paid as per the same age (age at when the customer buys the plan) for blocks of 10 years.
iii.Tax saving – ULIP provides the policyholder with the benefit of Section 80C and 10 (10D) owing to the life insurance component and health insurance component being eligible for rebate under Section 80D.
iv.Preventive healthcare: The plan offers the customer coverage for annual health check-up from day 1 of the policy.
v.The solution also include Booster Benefit in health insurance and ReAssure Benefit
About Policybazaar:
Headquarters – Gurgaon, Haryana
Establishment – 2008
President & CEO  – Sarbvir Singh


CBoI & Moneywise Financial Services partners for MSME loans

Central Bank of India (CBoI) and Moneywise Financial Services Pvt Ltd (MFSPL), a non-banking financial company, signed a co-lending agreement for lending to micro, small and medium-sized enterprises (MSMEs). The agreement will help both entities to expand their portfolio.

  • According to the agreement, Moneywise Financial Services will process MSME loan proposals as per jointly formulated credit parameters and eligibility criteria.
  • CBoI will record 80% of the MSME loans on its books under mutually agreed terms.

Trade bodies sign MoU to foster Indo-Brazilian Bilateral Pulses Trade

The India Pulses and Grains Association (IPGA) and IBRAFE (Instituto Brasileiro do Feijão e Pulses), the Brazilian Institute of Beans, Pulses and Special Crops, have signed a Memorandum of Understanding (MoU) at the 6th edition of the Pulses Conclave (16-18 February 2023) held in Mumbai, Maharashtra, to establish cooperative actions to contribute to the food security of both India and Brazil.

  • As part of the MoU, both nations would take steps to promote the development of international trade between Brazil and India.
  • MoU highlights market intelligence, food security, quality standards, trade promotion, technology transfer, and incentives for investments.
  • IPGA and IBRAFE will conduct research in pre-harvest and post-harvest activities and promote pigeon peas (tur), black matpe (urad), and any other pulse crop of mutual interest.

Infosys Collaborates with Microsoft to boost Enterprise Cloud Adoption

On 23rd February 2023, Infosys Limited, an Indian multinational information technology company, announced that it will expand its collaboration with Microsoft Corporation, an American multinational technology corporation, to help accelerate enterprise cloud transformation journeys worldwide.

  • Businesses will benefit from the expanded partnership by receiving the best cloud services from Infosys Cobalt and Microsoft’s cloud computing technologies, headed by Azure, across the business value chain.
  • Adopting the cloud improved speed to market and the ability to discover new revenue streams and increased profit growth by up to 11.2% year-over-year (YOY).
  • The extended strategic collaboration aims to benefit enterprises by providing the best of Infosys Cobalt cloud products and Microsoft’s cloud computing technologies, led by Azure, across the business value chain.

24th EY Entrepreneur of the Year Awards: Sajjan Jindal of JSW Group wins EY Entrepreneur of the Year Award 2022On 23rd February 2023, Sajjan Jindal, Chairman and Managing Director(CMD) of Mumbai (Maharashtra)-based JSW Group, has been named the EY Entrepreneur of the Year 2022 India at the 24th EY Entrepreneur of the Year™ Awards ceremony held in New Delhi, Delhi.

  • He was recognised for his exceptional entrepreneurial journey in scaling the global conglomerate with a presence in steel, cement, infrastructure, energy, and paints to revenues of USD 22 billion, globally employing over 40,000 people.
  • Sajjan Jindal will now represent India at the EY World Entrepreneur of the Year Award (WEOY) at Monte Carlo, Monaco, in June 2023.

K P Singh, Chairman Emeritus, DLF Group was honoured with the Lifetime Achievement Award for his pioneering work in architecting the real-estate landscape of India.

  • Hardeep Singh Puri, Union Minister for Housing and Urban Affairs and Minister for Petroleum and Natural Gas, felicitated the winners and finalists.

Awards for 9 other categories were also announced and the winners represented both mature industries and young entrepreneurs from startups.
About EY:
EY refers to the global organisation and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity.

  • Ernst & Young Global Limited, the United Kingdom (UK) company limited by guarantee, does not offer services to clients.

Chairman and CEO- Carmine Di Sibio
Headquarters- London, United Kingdom
Establishment- 1989


Central Excise Day 2023 – February 24The Central Excise Day is annually observed across India on 24th February to recognise and acknowledge the efforts and contributions of the Central Board of Indirect Taxes and Customs (CBIC) towards the development of India.

The day also marks the anniversary of the enactment of the Central Excise and Salt Act on 24th February 1944.

  • The annual events and celebrations as a part of Central Excise Day are organised by the CBIC.

Objective of Central Excise Day: 
To encourage the excise department employees to carry out the duties of central excise across India in a better way in order to prevent corruption in the goods manufacturing business.
About Central Board of Indirect Taxes and Customs(CBIC):
Chairman– Vivek Johri
Headquarters– New Delhi, Delhi
Motto– “Desh Sevarth Kar Sanchay” Tax collection in Service of the Nation


Haryana CM Manohar Lal Khattar Presents Tax-free Budget for FY24 with Rs 1,83,950 crore Outlay

On February 23, 2023, Chief Minister of Haryana Manohar Lal Khattar presented a tax-free state budget for financial year 2023-24 (FY24) with an outlay of Rs 1,83,950 crore, an increase of 11.6% from FY23 Budget of Rs 1,64,808 crore.

  • The budget was focused on agriculture, rural development, education, and health
  • No proposal was imposed for new tax.

Key Points:
i.Rs 57,879 crore was proposed under the budget for expenditure on capital asset creation, representing 31.5% and Rs 1,26,071 crore on revenue expenditure representing 68.5%.
ii.Revenue receipt was projected at Rs 1,09,122 crore, and Capital receipt was projected at Rs 71,173 crore.
iii.Fiscal Deficit: In Revised Estimates 2022-23 (RE FY23), the fiscal deficit was about 3.29% of Gross State Domestic Product (GSDP) as against the permissible limit of 3.5% of GSDP. The fiscal deficit for FY24 was projected at 2.96% of GSDP.
iv.The old-age pension was proposed to be increased from Rs 2,500 to Rs 2,750 per month from April 1, 2023.
iv.The budget also ensured an increase in eligibility income from Rs 2 lakh to Rs 3 lakh.
About Haryana:
Governor – Bandaru Dattatreya
Zoological park – Mini Zoo and Rohtak Zoo
Wildlife Sanctuary – Chhilchhila Wildlife Sanctuary, Nahar Wildlife Sanctuary


Gujarat Finance Minister Kanu Desai Presented Rs 3.01 lakh Crore Budget for FY 2023-24 with no new taxesGujarat Finance Minister Kanu Desai presented a Rs 3.01 lakh crore budget for fiscal 2023-24 with no new taxes imposed on people. The budget for 2023-24 includes proposals for various schemes and projects which were promised in the manifesto of the 2022 elections.

  • The budget 23-24 focuses on infrastructure development, tourism, Electric Vehicle (EV) ecosystem and more.
  • This records a significant increase of Rs 57,056.89 crore in the budgetary provisions, which is 23.38% higher than the budget of FY 2022-2023.

Highlights: 
i.Rs 500 crore has been allocated for the Ujjwala Yojana, under which around 39 lakh families would be provided with 2 cooking gas cylinders for free in a year.
ii.Gujarat government has announced a 10% point reduction in value-added tax (VAT) on Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). The VAT is reduced from from 15% on CNG and PNG to 5%.
About Gujarat: 
Chief Minister– Bhupendrabhai Patel
Governor– Acharya Devvrat
Wildlife Sanctuary– Ratanmahal Sloth Bear Sanctuary; Kutch Desert Sanctuary
Zoological Park– Sakkarbaug zoo; Dr Shyamaprasad Mukherjee Zoological Garden (Sarthana Nature Park)

Current Affairs-24 February 2023

Best Jewellery Best Electronics Best Luggage wear Best books Gym Equipment

Cabinet Approvals on February 22 2023The Union Cabinet chaired by the Prime Minister (PM) Narendra has approved the following proposals:
i.The Union Cabinet has approved the signing of the Air Services Agreement (ASA) between India and Government of Co-operative Republic of Guyana to enable the framework for provision of air services between the two countries.
ii.The Union Cabinet approved the ratification of three Protocols on Article 3 bis and Article 50 (a) and Article 56 relating to amendments in the convention on International Civil Aviation (Chicago Convention), 1944.
iii.The Union Cabinet also approved the extension of the term of the Twenty-second Law Commission of India upto 31st August, 2024 whose tenure was supposed to end on February 20, 2023. It was constituted for three years on February 21, 2020 and its chairperson is Justice Rituraj Awasthi (retd).
iv.The Union Government has approved Quality Control Order (QCO) for mandatory certification of cotton bales under specification No. IS12171: 2019-Cotton Bales to augment supply of good quality cotton to the textile industry.
About Guyana:
Capital– Georgetown
Currency– Guyanaese Dollar
President– Dr. Irfaan Ali


MoSPI released  Revised Guidelines on MPLADS 2023On 22nd February 2023, Rao Inderjit Singh, Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation (MoSPI), released the Revised Guidelines on Members of Parliament Local Area Development Scheme (MPLADS)-2023.

  • MoS  Rao Inderjit Singh also launched a new Web portal for the implementation of the Revised Fund Flow Procedure under MPLADS.
  • The new revised guidelines for MPLAD and the web portal will come into effect from 1st April 2023.

Aim of revised guidelines: To expand the scope of the MPLAD scheme to enable MPs to recommend developmental works as per the changing needs of the community; with focus on improving the functioning, implementation and monitoring of the MPLADS.
About Ministry of Statistics and Programme Implementation (MoSPI):
MoSPI became an Independent Ministry in 1999 after the merger of the Department of Statistics and the Department of Programme Implementation.
Minister of State (Independent Charge)– Rao Inderjit Singh


Indian Navy’s IFC-IOR Signed MoU with RCOC, Seychelles to Enhance Maritime Domain AwarenessOn 21st February 2023, The Information Fusion Centre – Indian Ocean Region (IFC-IOR) hosted by the Indian Navy signed a Memorandum of Understanding (MoU) with Regional Coordination Operations Centre (RCOC), Seychelles to further the existing cooperation in the Indian Ocean Region to enhance maritime safety and security.
Signatories: The MoU was signed by Captain Rohit Bajpai, Director of IFC-IOR and Captain Sam Gontier, Director of RCOC, Seychelles.
Key People: Vêlayoudom MarimoutouSecretary General of IOC, Kartik Pande, High Commissioner of India to Seychelles, delegates from IOC, and senior officers of the Indian Navy attended the event.
Features of the MoU:
i.The MoU aims to promote the collaboration between IFC-IOR and RCOC towards enhancing maritime domain awareness, information sharing and expertise development.
ii.This partnership will enable the centres to develop a common maritime understanding to counter non-traditional maritime security threats.
iii.The non-traditional threats include piracy and armed robbery, human and contraband trafficking, Illegal Unregulated and Unreported (IUU) fishing, arms running, poaching, maritime terrorism, etc with a special focus on the Western Indian Ocean.
About IFC-IOR: 
i.IFC-IOR was established by the Government of India at Gurugram on 22 Dec 2018.
Objective: To enhance collaborative maritime safety and security in the Indian Ocean Region in line with India’s vision of Security and Growth for All in the Region (SAGAR).
ii.IFC-IOR also hosts International Liaison Officers (ILOs) from partner nations to enable better correlation, compressed information cycles and timely inputs.
iii.So far, IFC-IOR has hosted ILOs from 12 partner nations  Australia, France, Italy, Japan, Maldives, Mauritius, Myanmar, Sri Lanka, Seychelles, Singapore, the United Kingdom, and the United States of America.
Additional info:
The Maritime Security Architecture in the Western Indian Ocean is implemented by the Indian Ocean Commission (IOC) and supported by the Regional Maritime Information Fusion Centre (RMIFC), the Regional Operations Coordination Centre (RCOC) and the national centres of the 7 signatory countries: Comoros, Djibouti, France, Kenya, Madagascar, Mauritius, and Seychelles.
About Seychelles:
Seychelles is an archipelago of 115 islands in the Indian Ocean, off East Africa.
President– Wavel Ramkalawan
Capital– Victoria
Currency– Seychellois Rupee


BIS Signs MoU with IIT Guwahati, IIT Gandhinagar & NIT Calicut for Establishing “BIS Standardization Chair Professor” The Bureau of Indian Standards (BIS) signed a Memorandum of Understanding (MoU) with the Indian Institutes of Technology (IIT) Guwahati (Assam), IIT Gandhinagar (Gujarat), and the National Institute of Technology (NIT) Calicut (Kozhikode, Kerala) for the establishment of “BIS Standardization Chair Professor” at these institutes.

  • Professor Parameswar K. Iyer, Officiating Director of IIT Guwahati; Prof Rajat Moona, Director of IIT Gandhinagar; Prof Prasad Krishna, Director of NIT Calicut (virtually present) assured commitment towards this initiative and agreed to take forward the collaboration with BIS.

BIS Standardization Chair Professor:
i. The BIS Standardization Chair Professor initiative aims to institutionalise its relationships with India’s eminent institutes to ensure the active participation of academia in the standard formulation and to make the teaching of Indian standards an integral part of the curriculum.
ii. It is created for research and development, teaching and training in the field of Standardization and Conformity Assessment in India.

  • It focuses on the areas of Civil, Electrical, Mechanical, Chemical, Earthquake Engineering, Development and Management of water resources and renewable energy projects, Infrastructure Development, Medical Biotechnology & Nanotechnology, Biomaterials, etc.

iii. This will promote excellence and leadership in teaching as well as scientific research and development (R&D) and various disciplines.
Key Points:
i. The MoUs between the top academic institutes and BIS would strengthen and enhance the standards formulation activity.

  • It strengthens by facilitating R&D projects, encouraging the involvement of young minds in the area of the standardization process and jointly organizing seminars, conferences, workshops symposia or lectures, training and short-term education programs.

ii. Pramod Kumar Tiwari, director general of BIS, emphasised the importance to engage with start-ups and incubation centres at academic institutions to develop new standards and compliance with the existing ones.
About the Bureau of Indian Standards (BIS):
BIS is the National Standard Body of India under the Ministry of Consumer Affairs, Food & Public Distribution.
Director General- Pramod Kumar Tiwari
Headquarters- New Delhi, Delhi
Establishment- 1987


UK Overtakes India as World’s 6th-Biggest Stock Market with $3.11 trillion McapAs per the data of Bloomberg, the United Kingdom (UK) became the world’s 6th-largest equity market surpassing India for the first time in almost 9 months (Since May 2022).

  • On 21 February 2023, the combined market capitalization (Mcap) of primary listings in the UK, excluding ETFs (Exchange-Traded Funds) and ADRs (American depositary receipt ), reached about $3.11 trillion, about $5.1 billion higher than their Indian equivalents.

Key Points:
i.India’s stock market remains behind the UK due to a weaker rupee and falling share prices of companies in the Adani Group amid allegations of stock manipulation and accounting fraud by US-based short-seller Hindenburg Research.
ii.Indian stocks started declining from December 2022 and it reached a peak to more than 10% as of February 22, 2023.
iii.The MSCI (Morgan Stanley Capital International) India Index has dropped 6.1% in 2023, while the group of companies owned by Gautam Adani among Asia’s richest men has lost about $142 billion in market capitalization.
iv.UK loses its place as Europe’s biggest stock market in 2022 as UK’s equity market capitalization remains behind France.


Every 2 Minutes, A Woman Dies During Pregnancy or Childbirth: WHO ReportAccording to the report titled “Trends in maternal mortality 2000 to 2020” produced by World Health Organization (WHO), which tracks maternal deaths nationally, regionally and globally from 2000 to 2020, it was estimated that around 287 000 women died from a maternal cause in 2020, which is approximately 800 deaths every day and one every 2 minutes.

  • The report highlights the setbacks for women’s health in recent years. The Rate of maternal deaths fell significantly between 2000 and 2015 but largely stagnated between 2016 and 2020 in nearly all regions of the world.
  • The report was produced on behalf of the United Nations Maternal Mortality Estimation Inter-Agency Group comprising WHO, the United Nations Children’s Fund (UNICEF), the United Nations Population Fund (UNFPA), the World Bank Group and the Population Division of the United Nations Department of Economic and Social Affairs(UN-DESA).

According to the report, the global maternal mortality ratio (MMR) has dropped by 34.3% (one-third) over a period of 20 years. The Global MMR dropped from 330 deaths per 100000 live births in 2000 to 227 in 2015 to 223 in 2020.
About World Health Organization (WHO): 
Director-General– Dr Tedros Adhanom Ghebreyesus
Headquarters– Geneva, Switzerland


ADB Proposes up to $25 Billion Support to India’s Development Priorities On 21 February 2023, under the meeting of the Prime Minister (PM) Narendra Modi with Asian Development Bank (ADB) president Masatsugu Asakawa, ADB committed to provide $20 billion–$25 billion resources over 5 years to advance India’s aspirations for fast, inclusive, and green growth.

  • ADB stated its assistance to meet India’s priority development needs, and its country partnership strategy (CPS) for India, 2023–2027.  ADB is now finalizing the new 5-year CPS following a comprehensive stakeholder consultation process.
  • ADB president also admitted that India continues to be the fastest-growing major economy after the COVID 19 recovery with an anticipated 7% growth in the fiscal year ending March 31, 2023.

Key Points:
i.ADB will fund India’s infrastructure creation under PM’s Gati Shakti (National Master Plan for multimodal connectivity) initiative, building future cities, mobilizing domestic resources, and strengthening basic services in disadvantaged districts.
ii.Green growth agenda: ADB also plans to support India’s decarbonisation of transport and the clean energy transition, including carbon market development and circular economy transition.
iii.In his meeting with Finance Minister Nirmala Sitharaman, Masatsugu Asakawa outlined ADB’s efforts to achieve annual regular lending of $4 billion from its sovereign operations in the next few years.
iv.Masatsugu Asakawa will visit the ADB-funded Delhi–Meerut Regional Rapid Transit System Investment Project and participate in the G20 Finance Ministers and Central Bank Governors meeting at Bengaluru, Karnataka on 24–25 February, 2023.
ADB’s Support to India:
i.ADB started operations in India in 1986. As of 31 December 2022, ADB had committed $52.28 billion in sovereign lending in India and $6.75 billion in non sovereign lending and investment.
ii.ADB’s current India portfolio comprises 64 projects worth about $16 billion across the transport, urban, energy, human development, agriculture and natural resources, and finance sectors.
iii.As a guest international organization, ADB is supporting the priorities of India’s presidency at the G20 meetings and Leaders’ Summit.
About Asian Development Bank (ADB):
Headquarters – Mandaluyong City, Manila, Philippines
Establishment – 1966
President – Masatsugu Asakawa
Member countries – 68 countries (49 from the region)


India to Singapore Fund Transfers: SBI integrated ‘BHIM SBIPay’ with UPI-PayNow linkage; Axis Bank Launches Cross Border Transactions

On February 22, 2023, the State Bank of India (SBI) integrated its mobile application ‘BHIM SBIPay’ with UPI-PayNow linkage to facilitate fund transfers from India to Singapore through registered mobile numbers and from Singapore to India using UPI (Unified Payments Interface) ID.
Key Points:
i.BackdropSBI was one of the banking partners which would carry out both inward and outward remittances through the UPI-PayNow linkage.
ii.UPI-PayNow linkage: It is a linkage between Fast Payment Systems of India and Singapore i.e. linkage between ‘UPI’ and ‘PayNow’ which will enable users of the two fast payment systems in either country to make convenient, safe, instant, and cost-effective cross-border funds transfers using their respective mobile apps.
iii.Now under the UPI-PayNow linkage, Axis Bank would act as the settlement bank for peer-to-peer foreign inward remittance transactions initiated through PayNow by the Liquid Group in Singapore.
About State Bank of India (SBI):
Establishment – 1 July, 1955
Headquarters – Mumbai, Maharashtra
Chairman – Dinesh Kumar Khara


IIT-M partners with GIC Re to develop Urine-Based TB Diagnosis

The Indian Institute of Technology Madras(IIT-M), Chennai, Tamil Nadu, is partnering with the General Insurance Corporation of India (GIC Re), a Public Sector Insurance Company, to develop a urine-based tuberculosis diagnosis or screening.

  • This diagnosis will make testing faster and more affordable than the existing point-of-care diagnostic kits available for various diseases such as blood glucose monitors.
  • The key beneficiaries of this project (CSR funding from GIC Re) will be primary, secondary, and tertiary healthcare centres besides the Health departments in State and Governments.

Singapore’s RBB Ship Chartering becomes 1st Ship Leasing Operator at IFSC in GIFT City

On 22nd February 2023, RSCPL (IFSC) Pvt Ltd, a wholly-owned subsidiary of Singapore-based RBB Ship Chartering Private Ltd, has become the first ship leasing operator at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat.

  • RSCPL (IFSC) Pvt Ltd received the maiden provisional licence for the ship leasing business in February and is planning to commence commercial operations by next month.
  • The licence was granted in February 2023, and before March, commercial operations are expected to begin.

DPIIT: FDI Equity Inflows Decline 15% to $36.75 Billion in April-December FY23As per the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, India’s Foreign Direct Investment (FDI) equity inflows declined 15% year-on-year to $36.75 billion during the first three quarters (April-December) of Financial year 2022-23 (FY23).

  • Total FDI inflows, which includes the equity capital of unincorporated bodies, reinvest earnings, and other capital, decreased by 8% to $55.27 billion in April-December FY23 from $60.4 billion in April-December FY22.

Key Points:
i.Recipient of FDI in April-December FY23: 

  • The Computer software and hardware manufacturing were the highest recipient of FDI at $8.07 billion.
  • Services sector (encompassing financial, banking, insurance, and outsourcing, among others)  – $6.56 billion
  • Telecommunications  – $5.33 billion
  •  Trading sectors –  $4.14 billion

ii.Top investment in April-December FY23:

  • State Wise: Maharashtra continued to be the most favoured destination of investors, receiving $10.76 billion, followed by Karnataka with $8.77 billion and Delhi with $6.11 billion.

CountrywiseSingapore was the top investing country with equity inflows of $13.07 billion. This was followed by the US ($4.95 billion), Mauritius ($4.73 billion), the United Arab Emirates ($3.1 billion), etc.


ICOMM ties up with UAE’s CARACAL for Co-Manufacturing of Small Arms in IndiaOn February 21, 2023, ICOMM Tele Limited, a group company of Megha Engineering and Infrastructures Ltd (MEIL) signed a partnership and licensing agreement with the United Arab Emirates (UAE)-based CARACAL for the transfer-of-technology (ToT) to locally manufacture small arms for the domestic market under the ‘Make in India’ initiative.

  • It is the first ever ToT in defence articles by CARACAL.
  • The deal was signed during the ongoing (February 20-24, 2023) 16th edition of IDEX (International Defence Exhibition & Conference) 2023 defence exhibition in Abu Dhabi, UAE.

Key Points:
i.ICOMM is a group company of Megha Engineering & Infrastructures Ltd (MEIL).
ii.Under the agreement, ICOMM in collaboration with CARACAL will develop a full portfolio of locally manufactured small arms for the Indian market.

  • This include EF pistol, modern CMP 9 submachine gun, CAR 814, CAR 816 and CAR 817 tactical rifles, CAR 817 DMR tactical sniper rifle, CSR 50 anti-material sniper rifle, CSR 338 and CSR 308 bolt action sniper rifles and CSA 338 semi-automatic sniper rifle.

iii.This entire range of small arms will be produced at ICOMM’s manufacturing facility in Hyderabad, Telangana.
iv.This pact will enable CARACAL to do business as per Defence Procurement Procedure (DPP) 2020.
IDEX is the only international defence exhibition and conference in the MENA (Middle East and North Africa) region demonstrating the latest technology across land, sea and air sectors of defence.
About ICOMM Tele Limited:
Managing Director– Sumanth Paturu
Headquarter– Telangana, Hyderabad


CarDekho signs on Medulance to Provide Emergency Medical Services

CarDekho, an online used-car marketplace, has on-boarded Delhi-based Medulance, an ambulance service provider, on its platforms to provide emergency medical services.

  • CarDekho’s partnership will enable its users to call for an ambulance from the app and website.
  • Without any exchange of money, Medulance decided to offer CarDekho its ambulance services.
  • Amit Jain, Co-Founder and Chief Executive Officer (CEO) of CarDekho, decided to add Medulance, a GPS-based platform enabling fast ambulance services.      

Rajan Kohli President of Wipro’s iDEAS resigned Rajan Kohli, President of the iDEAS (Integrated Digital, Engineering, and Application Services) business at Wipro Limited, has resigned after a nearly three-decades career with the IT (Information technology) firm.

  • As a President of Wipro’s iDEAS, he led a team of over 1 lakh employees.

About Rajan Kohli:
i. Rajan Kohli resides in New York, the United States of America (USA). He is a director of the Wipro US Foundation and an Independent Director (Member of the Board) of Technicolor Creative Studios.
ii. He is also a member of the Wipro Executive Board (WEB) and the Wipro Executive Council (WEC).
iii. He has led the Banking and Financial Services (BFS) segment during his tenure at Wipro.
iv. Previously he served as the  President of Wipro Digital, Wipro’s digital transformation business, which he incubated and scaled to become one of the largest and most recognized businesses of Wipro.
Note:

  • iDEAS brings together strategic design, domain and consulting capabilities along with cloud applications, Artificial intelligence (AI), data, engineering and next-generation technologies.
  • Since iDEAS starts with a design-led approach, it is in a unique position to provide the business solutions needed by companies to develop what matters to their business.
  • iDEAS orchestrate solutions for clients to build and operate digital businesses focusing on 5 themes: cloud, intelligence everywhere, Industry 4.0, 5G & edge computing, and sustainability.

About Wipro Limited: 
Founder Chairman- Azim H Premji
Chief Executive Officer & Managing Director- Thierry Delaporte
Headquarters- Bengaluru, Karnataka
Establishment- 1945


Rajeev Raghuvanshi was appointed as the new Drug Controller General of India

The Appointments Committee of the Cabinet(ACC) chaired by Prime Minister Narendra Modi, has approved the recommendation submitted by the Union Public Service Commission (UPSC) to appoint Dr Rajeev Raghuvanshi as new Drug Controller General of India(DCGI), head of Central Drugs Standard Control Organization (CDSCO) with effect from the date of his assumption of charge till his attaining the age of superannuation on 28th February 2025 or until further orders.
The appointment is made at “Level 14 of the Pay Matrix”, on a “short-term contract basis”.

  • He will be taking over as DCGI from Dr PBN Prasad, who was appointed as DCGI with effect from 16th February 2023 till 28th February 2023.
  • Dr Rajeev Raghuvanshi has been serving as the secretary-cum-scientific director at Indian Pharmacopoeia Commission (IPC) since 2021.

He previously worked National Institute of Immunology for 7 years, at Ranbaxy Research Laboratories till 2010 and had a stint with Dr Reddy’s Laboratories between 2010 and 2021.
He has 14 granted United States of America (USA) patents along with more than 250 published patent cooperation treaties and Indian patents. He has more than 25 publications in peer-reviewed journals and has co-authored 6 chapters in books.


CCI approves Acquisition of 100% of issued and outstanding share capital & sole control of VGP Holdings LLC by Gateway The Competition Commission of India (CCI) approved the acquisition of 100% of issued and outstanding share capital and sole control of VGP Holdings LLC, a subsidiary of Valvoline Inc, by Saudi Arabian Oil Company (Saudi Aramco) through Gateway Velocity Holding Corp(Gateway) and Aramco Overseas Company B.V. (AOC) from Valvoline Inc.
Note: Gateway is a wholly-owned subsidiary of AOC, which is a wholly-owned subsidiary of Saudi Aramco.
Acquirer: Gateway Velocity Holding Corp. (Gateway)
Target: VGP Holdings LLC
Seller: Valvoline Inc.
CCI gives nod to Deal Involving VVDN Technologies
The CCI has approved the acquisition of shareholding by Kotak Funds, Kotak Special Situations Fund (KSSF) and Kotak Pre-IPO Opportunities Fund (KPIOF), and India Business Excellence Fund (IBEF)-IV through a combination of secondary share purchases of equity shares and subscription to Compulsorily Convertible Debentures (CCD) of VVDN Technologies.
Acquirers: KSSF, KPIOF and IBEF-IV
Target: VVDN Technologies Private Limited
About the Competition Commission of India:
Acting Chairperson- Sangeeta Verma
Headquarters- New Delhi, Delhi
Establishment- 2003


Tokamak Energy Built World’s 1st Super Magnets for Fusion Power Plant TestingUnited Kingdom (UK)-based Tokamak Energy Limited, a fusion power research company, has built the world’s first set of new-generation High-Temperature Superconducting (HTS) Magnets to be assembled and tested in fusion power plant-relevant scenarios.

  • Strong magnetic fields are required to contain and manage the extremely hot, positively-charged hydrogen fuel, which becomes a plasma several times hotter than the Sun to produce clean, sustainable fusion energy.

Key Points:
i. The new Demo4 facility from Tokamak Energy will consist of 44 individual magnetic coils made using 38 kilometres (Km) of ground-breaking HTS tape, which carries currents with zero electrical resistance and requires 5 times less cooling power than traditional superconducting materials.
ii. According to Tokamak Energy, the Demo4 magnet has a magnetic field that is about a million times stronger than the Earth’s magnetic field, which will have a strength of over 18 Tesla.
About Tokamak Energy Ltd:
Chairman- Dr Chris Martin
Headquarters- Oxfordshire, UK
Establishment- 2009


UP Finance Minister Suresh Kumar Khanna Tabled Rs 6.90 Lakh Crore Budget for FY 2023-24On 22nd February 2023, Suresh Kumar Khanna, Finance Minister of Uttar Pradesh(UP) presented Rs 6.90 lakh crore budget for the year 2023-24 in the UP assembly focusing on agriculture, education and populist schemes.

  • The budget of Rs 6,90,242.43 crore for FY24 was the biggest budget in the history of UP.
  • The FY24 budget focuses on the all-around development of UP for making it a USD 1 trillion economy.

i.CM Yogi Adityanath noted that the 50% subsidy in electricity for irrigation for the farmers will be increased to 100% in a systematic way in the future.
ii.With an investment of Rs 10 lakh crore, the government aims to create around 20000 jobs in the next 5 years under UP Tourism Policy 2022.
iii.A provision of over Rs 21,159 crore was proposed for the construction of roads and bridges, and Rs 6,209 crore for their maintenance. Rs 3,473 crore is proposed for the work of bridges and roads for agricultural marketing facilities and Rs 1,525 crore for roads in rural areas.
Chief Minister– Yogi Adityanath
Governor– Anandiben Patel
Airport– Bareilly Airport, Aligarh Airport
UNESCO Heritage Sites– Agra Fort, Taj Mahal


Indian Railways Completed Electrification of Entire Broad Gauge Rail Line In Uttar Pradesh

On 21st February 2023, Indian Railways completed the electrification of the entire Broad Gauge (BG) routes in Uttar Pradesh (UP) with the electrification of the Subhagpur-Pachperwa BG route in the North Eastern Railway. This will increase the region’s rail connection and train speed.

  • Also, the Highly Utilized Network (HUN-5), Jhansi-Muzzaffarpur-Katni is fully electrified now.
  • Indian Railways has completed the electrification of BG routes in 6 zonal railways: East Coast Railway, North Central Railway, North Eastern Railway, Eastern Railway, South Eastern Railway, and West Central Railway.
  • Indian Railways has electrified 85% of Route Kilometer (RKM) and is rapidly progressing to complete Mission 100% Electrification and become the largest green railway network in the world.

Current Affairs- 23 February 2023

‘Jaadui Pitara’: Union Education Minister Dharmendra Pradhan Launches Learning-Teaching Material for Foundational Years

Best Electronics

Union Education Minister Dharmendra Pradhan launched Jaadui Pitara,” a learning and teaching material for the foundational stage, as envisioned by the National Education Policy 2020 (NEP 2020).

  • “Jaadui Pitara” (magic collection) was created in accordance with the National Curriculum Framework (NCF) and is available in 13 Indian languages.

The Amrit Generation, as envisioned in the NEP 2020, will benefit greatly from an environment that is more child-centric, lively and joyful for learning and teaching.
What is ‘Jaadui Pitara’?
i.“Jaadui Pitara” is a play-based learning and teaching material designed for children aged 3 to 8 years.

  • It is intended to stimulate interest and meet the evolving needs of foundational stage learners.
  • It includes playbooks, toys, puzzles, posters, flash cards, storybooks, and worksheets, as well as cultural, social, and linguistic materials.

ii.It will be made mandatory in at least 1,200 union government-run schools starting next academic year.
Backdrop
i.The NEP 2020 envisions a 5+3+3+4 curriculum pedagogical structure.
ii.A National Steering Committee led by Professor K. Kasturirangan has been established by the Department of School Education and Literacy under the Ministry of Education (MoE) to develop the NCF for each stage.
iii.The MoE launched the NCF for Foundational Stage (FS) in October 2022.
iv.The National Council for Educational Research and Training (NCERT) has developed and collected learning teaching material (LTM) in compliance with the NCF.

  • As a result, LTM at the foundational level was introduced, based on the “Jaadui Pitara” concept, for children enrolled in Balvatika, which includes classes in nursery, lower kindergarten (LKG), and upper kindergarten (UKG).

Salient features of “Jaadui Pitara
i.“Learn through play” is the CORE transformative feature of NCF-FS.
ii.Children learn most efficiently and effectively through play during the foundational stage (ages 3-8).
iii.Research from fields as diverse as Neurosciences to Education
iv.This also applies to Classes 1 and 2 (aged 6-8 years), resulting in a significant shift in which children will learn via play, have fun, and FLN will be addressed.
v.It emphasizes on the Learning and Development of children in 5 domains – Physical Development, Socio-emotional and Ethical Development, Cognitive Development, Language and Literacy Development, Aesthetic and Cultural Development, Positive Learning Habits.


BEL signs MoUs with Cisco, Aeronautical Development Agency Bharat Electronics Limited (BEL), a Public Sector Undertaking (PSB) under the Ministry of Defence (MoD), has signed two Memorandums of Understanding (MoUs) for the Advanced Medium Combat Aircraft (AMCA) program with Aeronautical Development Agency (ADA); and for networking and security with Cisco.

  • These were signed on the sidelines of Aero India 2023 in Bengaluru (Karnataka) from February 13 to 17.

MoU with ADA:
The first MoU was signed with the ADA for the AMCA program. ADA is an autonomous body under MoD. The AMCA is a 5th generation, multi-role, all-weather fighter aircraft designed with high survivability and stealth capability.

  • Under this MoU, BEL and ADA will co-operate for the design, development, qualification, production and supply of Internal Weapon Bay Computer and other Line Replaceable Units (LRUs) for AMCA and provide lifetime product support to the Indian Air Force.

MoU with CISCO:
The second with Cisco is for long-term strategic co-operation in the areas of networking, collaboration and security, among other associated services.  This will give BEL access to Cisco technology, including enterprise networks, advanced wireless technology, security, data centre network, etc.

  • As a part of the MoU, Cisco will explore establishing a Cisco Network Training Academy at the BEL Academy for Excellence (Nalanda), Bengaluru.
  • This MoU will facilitate joint customization and product lifecycle management for BEL’s various projects.
  • This MoU will enable BEL to elevate its relationship with Cisco as a “Strategic Partner”.

The above partnerships with Cisco and ADA are expected to further boost BEL’s capabilities and contribute towards the government’s vision of making India self-reliant in defence technology.
About Bharat Electronics Limited (BEL):
Chairman & Managing Director– Bhanu Prakash Srivastava
Headquarter– Bengaluru, Karnataka
Establishment– 1954


Vedanta-Foxconn Selects Dholera SIR for First Semiconductor Facility in IndiaThe Dholera Special Investment Region (SIR) near Ahmedabad, Gujarat, has been chosen by the joint venture (JV) of Indian conglomerate Vedanta and electronics manufacturing giant Foxconn to set up their semiconductor and display manufacturing facility.

  • It is India’s first semiconductor manufacturing facility.
  • The project is in the advanced stage of evaluation by the Government of India (GoI).

Backdrop
In September 2022, the Gujarat government and the Vedanta-Foxconn JV signed a Memorandum of Understanding (MoU) for the JV to invest Rs. 1,54,000 crore in the establishment of a semiconductor and display manufacturing facility.

  • The MoU was signed in Gandhinagar in the presence of Minister for Railways, Communications, Electronics & Information Technology, Ashwini Vaishnaw.

Key Points:  
i.The Gujarat government announced the “Gujarat Semiconductor Policy 2022-27” in July 2022.

  • The project is set to receive significant subsidies and incentives under the policy, such as zero stamp duty on land purchases and subsidised water and electricity.

ii.Gujarat is the first Indian state to have a specific policy for the semiconductor and display fabrication sectors.
iii.This policy provides eligible projects with a 75% subsidy on the first 200 acres of land they purchase to develop manufacturing units.

  • For the first 5 years, eligible projects would be provided with high-quality water at a cost of Rs. 12 per cubic metre.

iv.The Gujarat government has also declared that it will reimburse investors for 100% of the stamp duty that they would pay for the first time when leasing, selling, or transferring land.
About Vedanta Resources Limited (Vedanta):
Vedanta is a leading global natural resources conglomerate operating across India, South Africa, Liberia and Namibia.
Chairman & Founder – Anil Agarwal
Whole-time Director & CEO – Sunil Duggal
Founded – 1976
Headquarters – London, United Kingdom (UK)


MoRD & Meesho signs MoU to Onboard Rural Women as Online Sellers

The Ministry of Rural Development (MoRD) signed a Memorandum of Understanding (MoU) with Meesho, an e-commerce platform owned by Bengaluru (Karnataka)-based Fashnear Technologies Private Limited, to drive digital inclusion of all women registered under State Rural Livelihood Missions (SRLMs) and enable them to sell online.

  • The MoU was signed in the presence of Giriraj Singh, Union Minister of Rural Development.

Charanjit Singh, Additional Secretary (RL-I) of MoRD, and Sanjeev Barnwal, Co-Founder and Chief Technology Officer (CTO) of Meesho, signed and exchanged the MoU.
Key Points:
i. The partnership would help Meesho continue its efforts to support rural women entrepreneurs in various states and enable them to start and expand their businesses online.
ii. The cumulative loan to Self Help Groups (SHGs) was about Rs 80000 crore before 2014. Now, the bank linkage has crossed over 6.25 lakh crore in the last 9 years, with an NPA of just 2.08%.
iii. SHGs are present in 97% of Blocks, and 85% of them have direct connections to the Ministry’s network.
iv. Meesho will offer free support to individual sellers for 100 products and to aggregators for 300 products, as well as training on cataloguing, order management, pricing, and business growth.
v. Meesho currently offers zero commission fees on all products for Rural Livelihood Mission affiliate sellers.
About the Ministry of Rural Development(MoRD):
Union Minister- Giriraj Singh (Constituency- Begusarai, Bihar)
Minister of State (MoS)- Faggan Singh Kulaste (Constituency- Mandla, Madhya Pradesh); Sadhvi Niranjan Jyoti (Constituency- Fatehpur, Uttar Pradesh)
About Meesho:
Chief Executive Officer (CEO)- Vidit Aatrey
Headquarters- Bengaluru, Karnataka
Establishment- 2015


NSE lists first Green Bonds issued by Indore Municipal CorporationThe Indore Municipal Corporation’s (IMC) Green Bonds have been listed on the National Stock Exchange (NSE), marking the first-ever green bond issue by a municipal corporation in India.

  • The public issue of IMC green bonds was subscribed 5.91 times the issue size.
  • This issue will provide momentum for the advancement of green financing and aid in India’s goal of moving towards clean and sustainable energy.

The Green bonds are debt securities designated to finance environment-friendly projects.
Key Points:
i.Municipal bonds provide an alternative means of financing for urban local bodies (ULBs), reducing dependence on Central and State Grants.

  • Most urban infra bonds can be categorized as green bonds since the proceeds are primarily directed towards energy, transport, water management, sewage treatment and energy-saving.

ii.Green municipal bonds attract specialized foreign investors who are experienced in sustainable financing with environmental, social and governance considerations.
iii.There is an exponential increase in the global green bond market, which has now surpassed $2 trillion in cumulative green bond issuance.

  • From 2019 to 2022, Indian corporations, public sector undertakings (PSUs), and financial institutions have collectively issued green bonds totaling approximately $10.8 billion.

About National Stock Exchange (NSE):
Managing Director & CEO– Ashishkumar Chauhan
Headquartered– Mumbai, Maharashtra
Establishment– 1992 (commenced operations as a stock exchange- 1994)


Gopalan Aerospace signs Joint Venture with Slovakian Firms to Develop Precision DronesGopalan Aerospace India Pvt Ltd signed a joint venture (JV) with Slovakia-based Magic Trading Corporation, Inc. (MTC), a self-regulatory organization (S.R.O), and DEFSYSTECH S.R.O for the development of precision drones in India.

  • The JV was signed by C Prabhakar, Director, Gopalan Aerospace and Peter Ostromecky, President of DEFSYSTECH S.R.O at Aero India 2023, Bengaluru, Karnataka.

Gopalan Aerospace Ties Up With Omnipol Group of Czech Republic For Passive Radars
Gopalan Aerospace signed a joint venture with Omnipol Group, a partner of the Czech government institution and North Atlantic Treaty Organization (NATO) in the field of defence and security, to integrate Passive Radars for the Indian Defense Industry in border regions.

  • The agreement was signed by C Prabhakar and Podpera Jiri, President of Omnipol Group.

About Gopalan Aerospace India Pvt Ltd:
Gopalan Aerospace is a fast-paced, innovative ISO 9001/AS 9100 Rev D 2015 certified, Aerospace components and composites design, development, and manufacturing company.
Director- C Prabhakar
Headquarters- Bengaluru, Karnataka


DPIFF Awards 2023:  Ranbir Kapoor, Alia Bhatt, Vivek Agnihotri’s ‘The Kashmir Files’ won AwardsIndia’s only independent international film festival, Dadahaheb Phalke International Film Festival (DPIFF) 2023, held on February 20, 2023 in Mumbai, Maharashtra.

  • The winners of DPIFF Awards 2023 under different categories were announced to recognize the outstanding efforts by international and national personalities from cinema.
  • Bollywood actors Ranbir Kapoor and Alia Bhatt received awards in the Best Actor and Best Actress category for their performances in movies ‘Brahmastra: Part 1‘ and ‘Gangubai Kathiawadi.
  • Filmmaker SS Rajamouli’s Telugu Movie, ‘RRR’ received the Film of the year award and Filmmaker Vivek Agnihotri’s Hindi Movie ‘The Kashmir Files’ won the Best Film award.

About Dadasaheb Phalke International Film Festival (DPIFF):
i.DPIFF,  was founded in 2012 and established in 2016 to carry forward the legacy of Dhundiraj Govind Phalke, The Father of Indian Cinema.The Dadasaheb Phalke Award is India’s highest award in the field of cinema.
ii.It is presented annually at the National Film Awards ceremony by the Directorate of Film Festivals, an organisation set up by the Ministry of Information and Broadcasting.
Founder & MD – Anil Mishra
CEO – Abhishek Mishra


13th Sansad Ratna Awards: 13MPs selected for Sansad Ratna Awards for 2023;  T K Rangarajan selected Lifetime Achievement Award On 20th February 2023, the Jury Committee chaired by Arjun Ram Meghwal, Union Minister of State (MoS) for Parliamentary Affairs has nominated 13 members of Parliament (MP) : 5 from Rajya Sabha and 8 from Lok Sabha for Sansad Ratna Awards for 2023.

  • In addition, T K Rangarajan, Former Member of Parliament – Rajya Sabha for two terms  and a Senior Communist Party of India (Marxist)(CPI-M) Leader has been nominated for the Dr APJ Abdul Kalam Lifetime Achievement Award. 
  • 2 Departmentally Related Standing Committees (DRSC) were also selected for the Sansad Ratna Awards under special awards category.

About Ministry of Parliamentary Affair: 
Union Minister- Pralhad Joshi (Constituency- Dharwad, Karnataka)
Minister of State– Arjun Ram Meghwal(Constituency- Bikaner, Rajasthan) & V Muraleedharan (Rajya sabha – Maharashtra)


INS Nireekshak Receives On-the-Spot Unit Citation for Salvage OperationChief of the Naval Staff (CNS) Admiral R. Harikumar presented a “on the spot” unit citation to “Indian Naval Ship (INS) Nireekshak” at Kochi, Kerala, marking a first for the Indian Navy.

  • INS Nireekshak was honoured for deep water diving and salvage operations at a depth of 219 metres (m) in the Arabian Sea under the most difficult conditions.
  • This is the deepest salvage operation ever performed in Indian waters.

The CNS also awarded commendations to the crew involved in the salvage operation.
INS Nireekshak
i.INS Nireekshak is a dive support and submarine rescue vessel of the Indian Navy.

  • The ship was constructed in 1985 by Mazgaon Shipbuilders, entered Navy service in 1989, and was commissioned in 1995.

ii.It has participated in numerous diving operations and holds the record for the deepest dive performed in India, at a depth of 257 m.
iii.INS Nireekshak recently paid tribute to the erstwhile INS Khukri off the coast of Gujarat by laying a wreath at 80 m depth.
iv.During the Indo-Pakistan War in 1971, the Indian Navy frigate INS Khukri was sunk by three torpedoes fired by a Pakistani submarine.

  • Captain Mahendra Nath Mulla of the Indian Navy, who was the ship’s commanding officer at the time, was awarded the Mahavir Chakra (posthumously).

Justice Sanjaya Kumar Mishra became the 14th chief justice of Jharkhand High Court 

On 20 February, 2023, Justice Sanjaya Kumar Mishra was sworn in as the 14th chief justice of the Jharkhand High Court.

  • After the superannuation of justice Ravi Ranjan on December 19, 2022, the post of the chief justice of the Jharkhand High Court became vacant.
  • On February 17, 2023, the Union Ministry of Law and Justice issued a notification regarding the appointment of justice Sanjaya Kumar Mishra as the chief justice of the Jharkhand high court.
  • Governor CP Radhakrishnan administered the oath of office to Sanjaya Kumar Mishra. Chief Secretary Sukhdev Singh read out the warrant of appointment issued by President Droupadi Murmu.
  • Chief Minister Hemant Soren, and several judges and senior government officials have participated in the swearing-in ceremony.

About Sanjaya Kumar Mishra:
i.He hails from Odisha and completed LL.B (Bachelor of Law) from Law Faculty Delhi University in 1987.
ii.He worked as District & Sessions Judge, Sundergarh, Dhenkanal, Special Judge (CBI), Bhubaneswar, Odisha and joined as Registrar General of Orissa High Court.
iii.He was elevated as Judge of the Orissa High Court on October 7, 2009.
iv.Later he assumed the charge of the office of Judge of the High Court of Uttarakhand and was appointed as the Acting Chief Justice on December 24, 2021 and held the office till June 28, 2022.
Additional info: According to clause (1) Article 217 of the Constitution of India, Chief Justices of the High Courts are appointed by the President in consultation with the Chief Justice of India (CJI) and the Governor of the State.


ASSOCHAM appoints Sanjay Nayar as New Vice-President

On 21st February 2023, Associated Chambers of Commerce and Industry (ASSOCHAM), a non-governmental trade association, announced the appointment of Sanjay Nayar, a global financial markets expert, as its new Vice-President.

  • Sanjay Nayar is a prominent finance professional in the banking landscape in India and private equity sectors with almost 40 years of experience in both the domestic and international financial markets.
  • Currently, he serves as the Founder and Chairman of the Sorin Investment Fund, a fund for early-stage technology companies.
  • Sanjay Nayar also serves as a non-executive Director at the e-commerce company Nykaa founded by him and his wife Falguni Nayar.
  • He assists in a non-executive capacity in mergers and acquisitions activity as well as overseeing its expansion in the United Arab Emirates (UAE), the United Kingdom (UK), and the United States of America (USA).
  • He was recently also appointed as a non-official member of the Centre’s Board of Trade, representing the private sector.

Rajesh Rai appointed CMD of Indian Telephone Industries Ltd for 5 Years

On 20th February 2023, the Union Government approved the appointment of Rajesh Rai for the post of Chairman and Managing Director (CMD) of Indian Telephone Industries Limited (ITI Limited), a Public Sector Undertaking (PSU) under the Department of Telecommunication (DoT), for a period of 5 years with an immediate effect.

Rakesh Chandra Tiwari, Director of Marketing, has resigned from the additional charge as Chairman and Managing Director with effect from Feb 21, and will only serve as Director-Marketing.

  • Rajesh Rai has more than 30 years of rich experience in the Telecommunication industry.
  • Prior to ITI Limited, Rajesh Rai served as the General Manager of Mahanagar Telphone Nigam Limited (MTNL), Mumbai, Maharashtra.
  • He also held the prestigious post of Chief Technology Officer (CTO) of Mahanagar Telephone Mauritius Limited (MTML) in Mauritius for 12 years.      

HAL gets ITSO approval from DGCA for Indigenously Developed “Black Boxes” 

Hindustan Aeronautics Limited (HAL)has received the Indian Technical Standard Order (ITSO) authorisation from the Directorate General of Civil Aviation (DGCA) for its indigenously developed Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR), which is popularly known as “Black Boxes”.

  • The ITSO is a minimum performance standard for specified materials, parts, processes, and appliances used on civil aircraft.
  • Critical flight characteristics and audio environment are recorded using CVR and FDR and then used for the investigation of an aircraft incident or accident.

Horaglanis populi: New Catfish Species with no Eyes Discovered in Kerala

“Horaglanis populi”, a new species of catfish with no eyes and blood red body was discovered in Kerala by an Indo-German team of researchers, led by Rajeev Raghavan from the University of Kochi, Kerala and Neelesh Dahanukar from Shiv Nadar Institution of Eminence, Delhi-National Capital Region (NCR).

  • This marks the 4th Horaglanis species endemic to the southern Indian state of Kerala.
  • The discovery of Horaglanis populi is reported in a paper in the journal Vertebrate Zoology.

Note:
The other 3 Horaglanis species endemic to Kerala are: Horaglais abdulkalami; Horaglanis alikunhii and Horaglaris Krishnai.
Significance: 
i.Horaglanis populi belongs to Horaglanis, a genus of rarely-collected, tiny, blind, pigment less, and strictly aquifer-residing catfish.
ii.Horaglanis populi has a blood-red body, four pairs of well-developed barbels, and measures less than 3.2 cm in length.
iii.The fish is blind and pigmentless, and is genetically distinct from the 3 previously known Horaglanis species.
iv.This species is considered to be at high risk of extinction.
Naming: 
The species name populi, genitive of the Latin noun populus which means “people”, honours the contributions by the public of Kerala in documenting the biodiversity of subterranean and groundwater systems, including the discovery of this new species.
Occurrence: 
i.The new species occurs in the lateritic aquifer systems in the Alappuzha and Pathanamthitta districts of Kerala.
ii.The specimens were collected from the dug-out wells in the towns of Malapally, Edanadu, and Chengannur, and the nearby village of Thiruvanvandoor.
Discovery: 
i.The biologists team conducted a series of workshops, focus group discussions, and informal conversations with communities at several sites over a period of 6 years.
ii.The team generated data sets with a total of 47 new site detections and 65 new genetic sequences.
iii.This highlights that Horaglanis are endemic to the part of Kerala state south of the Palghat Gap. The mountain pass represents a biogeographical barrier.

  • At present, around 289 fish species are known from Subterranean aquatic habitat and only around 10% of them lives in aquifers.

JP Nadda launches a Book “Modi: Shaping a Global order in flux”

On 22nd February 2023, JP Nadda, President of Bharatiya Janata Party (BJP), launched a book titled “Modi: Shaping a Global Order in Flux” in Chanakyapuri, New Delhi, Delhi.

  • The book was edited by Sujan Chinoy, Vijay Chauthaiwale, and Uttam Kumar Sinha; and the foreword was written by Dr S Jaishankar, Minister of External Affairs, Government of India.
  • The publisher of the book is Wisdom Tree.

World Thinking Day 2023 – February 22World Thinking Day (WTD) is annually observed across the globe on February 22 by Girl Scouts and Girl Guides in the 152 member organisations across the world. The day aims to collect money for the 10 million girl scouts and guides in over 150 countries to honour sisterhood, solidarity, and women’s empowerment.

  • The day is annually observed and organised by the World Association of Girl Guides and Girl Scouts (WAGGGS).

World Thinking Day 2023 is observed on 22nd February 2023 under the theme “Our World, Our Peaceful Future: The environment, peace, and security”.
Background:
i. In 1926, Girl Guides and Girl Scouts delegates from across the world met in the United States of America (USA) for the 4th World Conference and declare February 22 of every year as Thinking Day, a special day for the Girl Guides and Girl Scouts across the globe.
ii. In 1999, at the 30th World Conference in Dublin, Ireland, delegates from across the globe decided to rename the day from Thinking Day to World Thinking Day.
About the World Association of Girl Guides and Girl Scouts (WAGGGS):
WAGGGS was formed at the 5th International Conference in Hungary in 1928. It is the world’s largest voluntary movement dedicated to girls and young women.
Chief Executive Officer- Anna Segall
Headquarters- London, the United Kingdom


India’s 1st Marine Spatial Planning Framework launched in PuducherryIndia’s first Marine Spatial Planning (MSP) Framework was launched in Puducherry as a part of a pact under the Indo-Norway Integrated Ocean Initiative.

  • Puducherry and Lakshadweep were chosen as coastlines to pilot the MSP initiative.
  • This follows the 2019 Memorandum of understanding (MoU) between India and Norway.

Aim:
To achieve growth and sustainability in the management of ocean resources and preservation of coastal environments
What is MSP?
It is a process of allocating spaces in marine zones for human activities like economic purposes, ecological purposes, or social purposes. MSP is a spatial planning approach based on the principles of ecosystem management.

  • It involves analyzing existing and potential ocean and coastal activities to identify suitable areas.

About Framework:
i.The framework includes ecosystem-based plans, integrated plans, area-based plans, strategic plans, and adaptive and participatory plans.
ii.India’s Ministry of Earth Sciences (MoES) oversees the implementation of the MSP through National Centre for Coastal Research (NCCR), the National Centre for Sustainable Coastal Management, the Puducherry Coastal Zone Management Authority and Department of Science, Technology and Environment, Puducherry in collaboration with Norwegian Environment Agency.
iii. Both sides will ensure the sustainable utilization of ocean resources, with the goal of fostering economic and social progress in coastal areas.
iv.After successful implementation of pilot project in Lakshadweep and Puducherry, the framework can be replicated to other coastal regions of the country.
About Puducherry:
Chief Minister– Natesan Krishnasamy Rangasamy
Lt. Governor– Tamilisai Soundararajan


Manipur CM presents FY24 Budget with Expenditure Proposal of Rs 35,022cri.On February 21, 2023, the Chief Minister (CM) of Manipur Nongthombam Biren Singh who is also the minister in-charge of finance presented the Manipur state budget for 2023-24 with an expenditure proposal of Rs 35,022 crore out of the consolidated fund of the state.
ii.The budget proposals focus on education, health, sports and agriculture.
iii.This was the 3rd sitting of the 3rd session of the 12th Manipur Legislative Assembly which began on February 2, 2023.
iv.The Gross State Domestic Product (GSDP) for 2023-24 is estimated at Rs 45,145 crore.
v.It is proposed to launch the ‘College Fagathansi Mission’ to improve the infrastructure of government colleges.
About Manipur:
Governor – Ms. Anusuiya Uikey
National Park – Sirohi National Park
Wildlife Sanctuary – Yangoupokpi-Lokchao Wildlife Sanctuary


WB CM Mamata Banerjee Launched Apan Bangla Portal for Non-Resident BengalisOn the occasion of the International Mother Language Day(21st February 2023), West Bengal(WB) Chief Minister(CM) Mamata Banerjee launched Apan Bangla (Own Bengal) portal non-resident Bengalis residing in other Indian states and other countries to communicate with the WB government during emergency.
Features of Apan Bangla postal:
i.Apan Bangla postal will provide the non resident bengalis with a one-stop window to connect with the state government during emergency situations and to get updates about the recent developments in West Bengal.
ii.This portal will also offer a platform for the non residents to virtually participate (online) in state organised programmes like business summit and cultural programmes.
iii.They will also be able to access different forms of the state government for public services.
iv.The portal will also have the option to give their valuable advice to the state government for improvement of services and facilities
About West Bengal:
Chief Minister– Mamata Banerjee
Governor– CV Ananda Bose
National Park– Buxa National Park; Gorumara National Park
Wildlife Sanctuary– Jorpokhri Wildlife Sanctuary; Senchal Wildlife Sanctuary


Kerala HC became the First in India to Publish Judgements in Regional LanguageOn the occasion of International Mother Language Day (21st February 2023), the Kerala High Court (HC) published 2 of its recent judgments in and became the 1st HC in India to publish its judgments in the regional language.

  • The judgements passed by a division bench of Chief Justice S. Manikumar (WA 926/2016) and Justice Shaji P. Chaly (WA 1638/2022) in January 2023 were published in Malayalam on the High Court’s website.

Key Points:
i. Since Chief Justice of India (CJI) D Y Chandrachud assumed office in November 2023, there has been a renewed push for the publication of High Court and Supreme Court decisions in regional languages.
ii. On 2023 Republic Day, the supreme court also proposed to release 1,268 of its judgments in 13 Indian languages.

  • Translated Judgments in Supreme Court: 1,091 judgments had been translated to Hindi, 21 to Odia, 14 to Marathi, 4 to Assamese, 1 to Garo, 17 to Kannada, 1 to Khasi, 29 to Malayalam, three to Nepali, 4 to Punjabi, 52 to Tamil, 28 to Telugu and 3 to Urdu.

About Kerala:
Chief Minister- Pinarayi Vijayan
Governor- Arif Mohammed Khan
National Park- Anamudi Shola National Park; Periyar National Park
Wildlife Sanctuary- Chinnar Wildlife Sanctuary; Chimmony Wildlife Sanctuary


International ‘Khajuraho Dance Festival-2023’ Begins in Madhya PradeshThe Khajuraho Dance Festival-2023 (49th edition) began on February 20, 2023, at the world-famous tourist destination of Khajuraho in Madhya Pradesh.  

  • Vishnu Dutt Sharma, the Bharatiya Janata Party (BJP) state president and Khajuraho MP (Member of Parliament), officially inaugurated the seven-day event, which will be held till February 26, 2023.

Key Points:
i.The Khajuraho Dance Festival began in 1975.

  • Since then, it has been successfully organised by the Ustad Allauddin Khan Music and Arts Academy under the Department of Culture, Government of Madhya Pradesh.

ii.Khajuraho is home to an outstanding collection of temples that are part of a United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Site.
iii.On this occasion, the Madhya Pradesh State ‘Rupankar Kala Puraskar 2023’ was presented to 10 artists from various fields.

  • The artists were awarded Rs. 51,000 in cash and certificates, and their works will be presented in the State Rupankar Kala Puraskar exhibition.

iv.On February 22–25, 2023, Khajuraho will host the first meeting of the G20 (Group of Twenty) Cultural Working Group (CWG).
About Madhya Pradesh:
Chief Minister – Shivraj Singh Chouhan
Governor – Mangubhai Patel
National Parks – Sanjay National Park; Kanha national park
Wildlife Sanctuaries – Karera Wildlife Sanctuary; Ken Gharial Wildlife Sanctuary

Current Affairs- 22 February 2023

Nitin Gadkari Laid Foundation Stone for World’s Largest Divyang Park – Anubhuti Inclusive Park in MaharashtraOn 20 February 2023, Union Minister for Road Transport and Highways, Nitin Gadkari,  laid the Foundation Stone of the world’s largest and unique ‘Divyang Park – Anubhuti Inclusive Park’ in Nagpur, Maharashtra.
About Divyang Park – Anubhuti Inclusive Park:
Nitin Gadkari has mentioned Divyang Park – Anubhuti Inclusive Park as the world’s first inclusive disabled park.

  • The Ministry of Social Justice and Empowerment (MSJE), Government of India, has provided the provision of about Rs 12 crore for this park which has been built on 90,000 square feet.
  • The park will have facilities for all 21 types of disabilities, like a touch-and-smell garden, hydrotherapy unit, water therapy, and an independent room for mentally challenged children, and mother.
  • This park act as an initiative taken under the Rights of Persons with Disabilities Act, 2016 (RPWD Act).

Note:

  • Divyang is a Hindi word which means the one with a divine body part.
  • Prior to this persons with disabilities are referred to as viklang. The word viklang is Hindi for someone with non-functional body parts. Prime Minister Narendra Modi, uttered the word divyang and coined a new meaning for it.

About Rights of Persons with Disabilities Act, 2016 (RPWD Act):
i.United Nations Convention on the Rights of Persons with Disabilities (UNCRPD) was formed on the 13th day of December, 2006. India signed the UNCRPD and subsequently ratified the same on 1st October, 2007.
ii.RPWD Act was enacted in 2016 and came into force in 2017 to give effect to the UNCRPD. The act replace the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995.
iii.The act promotes and protects the rights and dignity of people with disabilities in educational, social, legal, economic, cultural and political spheres.
iv.Types of disabilities: As of now 21 types of disabilities were included under the act  
Note –  UN’s International Day of Persons with Disabilities (IDPD) is annually observed on December 3.


India, Uzbekistan 4th Joint Military Exercise ‘DUSTLIK 2023’ commences in UttarakhandA 14-day long India, Uzbekistan 4th Joint Military Exercise ‘DUSTLIK 2023’ between the Indian Army and Uzbekistan Army was commenced in Foreign Training Nodein Pithoragarh, Uttarakhand on February 20, 2023. It will culminate on March 5, 2023.

  • It is a biennial bilateral training Exercise.

Aim:
i.To promote positive relations and interoperability between both the armies
ii.To enhance military capability to undertake multi-domain operations in a Sub Conventional scenario under United Nations Mandate.
Representors:
Indian Army: 14th Battalion, The GARHWAL RIFLES, part of Western Command
Uzbekistan Army: North Western Military District of Uzbekistan Army.
Participants:
45 soldiers each from Uzbekistan and Indian Army
Key Points:
i.It will focus on joint counter-terrorist operations in mountainous and semi-urban scenario under the United Nations (UN) mandate.
ii.This will include field training exercises, combat discussions, lectures, demonstrations and culminate with a validation exercise.
iii.Both sides will jointly train, plan and execute a series of tactical drills for neutralisation of likely threats.
iv.Training will be given to the soldiers on how to exploit new-generation equipment and technology for conducting joint operations.
About DUSTLIK:
The 1st Indo-Uzbekistan Joint Field Training Exercise “DUSTLIK-2019” was held in 2019 at Uzbekistan’s Chirchiq Training Area. It was focused on counter-insurgency and counter-terrorism operations (CI/CT Ops) in an urban scenario as well as the exchange of expertise on skills at arms.

  • The second edition of the exercise was held at the Foreign Training Node in Ranikhet, Uttarakhand in 2021 while 3rd edition was conducted at Yangiarik, Uzbekistan in 2022.

About Uzbekistan:
Capital– Tashkent
Currency– Uzbekistani Som
President– Shavkat Mirziyoyev


India & Singapore Introduce Live Cross-Border UPI-PayNow ConnectivityThe Prime Minister (PM) of India, Narendra Modi, and the Prime Minister (PM) of Singapore, Lee Hsien Loong, took part in the virtual launch of real-time payment linkage between the Unified Payments Interface (UPI) of India and PayNow of Singapore.

  • The integration of UPI and PayNow marks a significant shift in India-Singapore relations.

Shaktikanta Das, Governor of the Reserve Bank of India (RBI), and Ravi Menon, Managing Director (MD) of the Monetary Authority of Singapore, launched the UPI-PayNow linkage.
i.The PayNow-UPI linkage is India’s first and Singapore’s second cross-border real-time payment system linkage.
ii.Singapore is the first country to introduce a cross-border person-to-person (P2P) payment service.
About Republic of Singapore:
Prime Minister – Lee Hsien Loong
Capital – Singapore
Currency – Singapore Dollar (SGD)


ONGC Videsh signed MoU with YPF SA, Argentina to enhance cooperation in the Energy Sector

ONGC Videsh Limited (OVL), a wholly-owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has signed a Memorandum of Understanding (MoU) with YPF SA, Argentina to enhance cooperation in the areas of upstream oil and gas opportunity exploration and development, promote investment and cooperation, and forge closer ties between research and training centres.

The MoU was signed on the sidelines of the maiden India Energy Week 2023 being held in Bengaluru, Karnataka, by the Ministry of Petroleum & Natural Gas.

  • OVL currently has a stake in 32 oil & gas projects in 15 countries.
  • YPF S.A. is Argentina’s largest integrated energy company, 51% owned by the Argentine Government and 49% listed in the New York, United State of America (USA) and Buenos Aires stock exchanges, Argentina.

2023 GDCR – World’s First Comparison of Every State’s Physical Climate Risk; 9 Indian States Among World’s Top 50 Facing Climate RiskAccording to the “2023 Gross Domestic Climate Risk Assessment” released by Cross Dependency Initiative (XDI), 9 Indian states are among the world’s top 50 regions at risk of causing damage to the built environment as a result of climate change hazards.

  • The 9 states are Bihar (ranked 22), Uttar Pradesh (25th), Assam (28thg), Rajasthan (32nd), Tamil Nadu (36th), Maharashtra (38th), Gujarat (44th), Punjab (48th), and Kerala (50th).

This Gross Domestic Climate Risk Report (GDCR) is the first physical climate risk analysis to compare every state, province, and territory in the world with a specific emphasis on the built environment.
i.Overall, the “globally significant states” of India, China, and the United States (US) are home to 80% of the world’s top 50 most vulnerable cities and economic centres.
About the Cross Dependency Initiative (XDI):
CEO – Rohan Hamden
Founded – 2017
Headquarters – Sydney, NSW ( New South Wales), Australia


Banking mergers in India have been Beneficial to the Banking Sector: RBI paper As per the Reserve Bank of India (RBI) occasional paper Vol. 43, No.1, 2022 titled ‘Do Bank Mergers Improve Efficiency? The Indian Experience’, banking mergers in India have been, on an average, beneficial to the banking sector as the financial performance and efficiency of acquirers improved post-merger.

  • The paper is authored by Snehal S. Herwadkar, Shubham Gupta and Vaishnavi Chavan, Director, Department of Economic and Policy Research, RBI.
  • It has evaluated bank mergers in India since 1997 to gauge their impact on acquirers’ efficiency.

The views expressed in the paper are of the authors and do not necessarily reflect the views of the Reserve Bank of India.
Assessment:
The Findings of data envelopment analysis (DEA) are for the period 1997-2017. The study covered all registered Mergers and Acquisitions (M&As) in the Indian commercial banking industry, between 1997 and 2020.

  • The sample reduced to includes 17 merger cases during 1997- 2017 and five merger cases during 2019-2020.

Key Points:
i.Most of the mergers amongst PVBs (private sector banks) were market-driven and those between PSBs (public sector banks) were government-led mergers.
ii.The mean technical efficiency of acquirers increased from 90.88 in the pre-merger period to 93.80 three years post-merger, and 94.24 five years post-merger.
iii.Factors that may have led to efficiency gains are post-merger geographical diversification and improvement in the share of interest income.

  • The impact was sharper in the medium term (-3 to +5 years period) as compared to the short-term (-1 to +1 years or -3 to +3 years period).

iv.Post-merger, banks were able to channelise higher share of deposits/assets into loans.
v.There is also improvement in capital adequacy and NPA (Non Profit Asset) provisions measures post-merger as the combined entity has become relatively more resilient to financial risks.
vi.Post-merger, banks have been able to cut some operating costs by consolidating bank branches/ATMs operating in the same area, etc.
About Reserve Bank of India (RBI):
i.The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the RBI Act, 1934.
ii.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.
iii.Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.


SBI Mutual Fund launches SBI Dividend Yield FundSBI Mutual Fund announced the launch of SBI Dividend Yield Fund, an open-ended equity scheme that will invest at least a minimum of 65% of the assets into equity & equity related instruments predominantly into dividend yielding companies.

  • The new fund offer (NFO) is opened on February 20, 2023 and will close on March 6, 2023.
  • The first-tier benchmark of the fund is the NIFTY 500 TRI.

Objective:
To provide investors with opportunities for capital appreciation and/or dividend distribution
Key Points:
i.The fund will hunt for investment opportunities in companies which may have relatively lower dividend yield currently but have been consistently demonstrated growth in their dividend pay-out.
ii.It aims to achieve an aggregate dividend yield that is at least 50% higher than that of the Nifty 50 Index.
iii.The scheme will consider dividend-paying stocks that have paid dividends or repurchased shares in at least one of the previous three fiscal years.
iv.Investors who want regular income, can use the SWP (A) facility offered in this fund to plan regular tax efficient cash flows.
About SBI Mutual Fund:
MD & CEO– Shamsher Singh
Headquarters– Mumbai,  Maharashtra


BoM Launched its own Private Cloud Infrastructure Mahabank Nakshatra

Bank of Maharashtra (BoM) has launched its own private cloud infrastructure, Mahabank Nakshatra, to improve the performance of cloud capabilities of the bank’s digital infrastructure and hosting applications.

  • BoM’s own private cloud platform will strengthen asset monitoring mechanism via predictive machine learning model.
  • The Cloud platform will alert in advance whether a borrowal account will move into special mention account (SMA)-0 (principal or interest payment not overdue for more than 30 days). Thus the prior alert will reduce the potential stress accounts in retail, agriculture and MSME (Ministry of Micro, Small and Medium Enterprises) portfolios.

Initiatives undertaken by BoM:
i.The bank has upgraded its mobile banking application version with enhanced UI/UX features for seamless customer experience.
ii.A mobile app named Arjun (Automated Remote Junction for Monitoring of Assets Under Stress) was launched by the bank to provide a snapshot of stressed asset (SMA & Slippages) portfolio to bank staff and feat on street (FOT).

  • Analysis to identify the daily variation in stressed asset portfolio will also be given by the app alongwith recovery suggestions.

iii.The bank launched a legal case tracking software termed ‘Mykase’ to strengthen Recovery mechanism. The software will fetch all the cases in various courts of India which are online where BoM.
iv.‘Pension slip facility’ was developed by the bank using Digi locker, which is a flagship initiative of Ministry of Electronics & IT (MeitY) under Digital India programme.
v.The FASTag auto top-up facility of the bank will now enable its customers to set a Standing Instruction (SI) facility for their FASTag wallet.
vi.The bank’s WhatsApp banking now include Credit Card with detailed account summary and transactions, pension slip for pensioners, account statement, health insurance etc.,
About Bank of Maharashtra (BoM):
Establishment – 16 September 1935
Headquarters – Pune, Maharashtra
Managing Director and CEO – A S Rajeev
Tagline – Ek Parivaar, Ek Bank (One Family One Bank)


Kotak Mahindra Bank Launched a Banking Portal Kotak fynKotak Mahindra Bank Ltd (KMBL) launched an integrated banking portal named ‘Kotak fyn, to provide inclusive digital banking and value-added services to its business banking and corporate clients.
Features of the Portal Kotak fyn:

  • Under the portal, services will be provided for all products, including trade & services, account services, payments, and collections.
  • It will offer the option to unify data across multiple product-specific portals and back-office systems to create a single view of transactions, positions and balances, enabling self-service and driving operational efficiency,
  • It will also assure paperless transactions and overcomes the need for multiple logins and disparate user interfaces, making all trade and service transactions seamless and easy for customers.
  • The corporate customers of the bank would have a superior banking experience through the portal as it has an innovative user interface with several industry-leading features.

About Kotak Mahindra Bank Ltd (KMBL):
Establishment – 2003
Headquarters – Mumbai, Maharashtra
MD & CEO – Uday Kotak
Tagline – Let’s Make Money Simple


SBI Ecowrap pegs India’s Q3FY23 GDP growth at 4.6%As per the research report by the State Bank of India (SBI) Ecowrap, India’s Gross Domestic Product (GDP) growth for Q3 FY23 is estimated at 4.6%.

  • For the whole FY23, the GDP is estimated to grow between 6.8 and 7%.

Basis of Estimate:
This estimate is based upon an in-house SBI Artificial Neural Network (ANN) model.
ANN is a computational network model that has artificial neural networks like biological neurons that are linked to each other in various layers of the networks. These neurons are known as nodes.

  • The SBI ANN model has been developed with 30 high frequency indicators, and has been trained for the quarterly GDP data from Q4 2011 to Q4 2020.

Key Points:
i.This Q3FY23 projection by SBI is higher than the 4.4% growth projected by Reserve Bank of India (RBI) and National Statistical office (NSO).
ii.Notably India’s GDP grew at 0.7% and 5.4% in Q3 FY21 and Q3 FY22, respectively.
iii.In Q1FY23 the growth has been pegged at 13.5%, and for Q2FY23, it was at 6.3%.
iv.The corporate results, excluding BFSI (banking, financial services and insurance), for Q3 FY23 shows a decline in EBIDTA (earnings before interest, depreciation, tax and ammortisation) by 9% year-on-year (y-o-y) against 18% EBIDTA growth in Q3 FY22

  • Net sales grew by 15% in Q3 FY23.

BEML signed MoU with DMRC led SPV for Bahrain Metro Rail Project On 20th February 2023, BEML Limited(formerly Bharat Earth Movers Limited), a schedule ‘A’ company under the Ministry of Defence(MoD) signed a Memorandum of Understanding (MoU) with the Delhi Metro Rail Corporation (DMRC)-led Special Purpose Vehicle (SPV) for constructing the Bahrain Metro Rail Project Phase-1.

  • The project involves the construction of a 30 kilometer (Km) network with 20 stations.

Signatories:
Saleem Ahmed, Executive Director (Last Mile Connectivity), Delhi Metro and DS Ganesh, General Manager (Marketing), BEML signed the MoU in the presence of Vikas Kumar, Managing Director (MD) of DMRC, and Amit Banerjee, Chairman and Managing Director(CMD), BEML.
Note: 
The DMRC has qualified for the pre-qualification tender process for an international consultancy project to construct the Phase-1 of the Bahrain Metro Project.
Features of the MoU:
i.Under this MoU, BEML will manufacture and supply Metro rolling stock and DMRC will provide expertise in the fields of project development, budgeting, and facilitation of contractual obligations for the phase-1 of the Bahrain Metro Project.
ii.The MoU will enable BEML to utilise its manufacturing expertise and technological resources and expand globally and optimise business processes for Metro Rolling Stock used in urban transportation.
Other projects of Delhi Metro:

  • Previously, Delhi Metro has qualified in the pre bid process for constructing the Tel Aviv Metro Project in Israel.
  • It is also in process of bidding for other international projects like Alexandria in Egypt, Ho Chi Minh in Vietnam, and Mauritius.
  • At present Delhi Metro is engaged in the construction of Dhaka Metro in Bangladesh as consultant.

About BEML Limited: 
BEML Limited was established in May 1964 as a Public Sector Undertaking(PSU) for Rail Coaches & Spare Parts and Mining equipment.
BEML operates under 3 major business verticals: Defence & Aerospace, Mining & Construction and Rail & Metro.
Chairman and Managing Director(CMD)– Amit Banerjee
Headquarters– Bengaluru, Karnataka


Karnataka Bank wins ‘Prathista Puraskar-Digidhan Award’ from MeitY 

Karnataka Bank Limited was awarded “Prathista Puraskar” under ‘Digidhan Awards 2021-22’ by the Ministry of Electronics and Information Technology (MeitY), Government of India (GoI), for achieving the target with the highest percentage in Bharat Interface for Money-Unified Payments Interface (BHIM-UPI) transactions in Private Sector Bank category.

  • Gokuldas Pai, Chief Business Officer and Jagadeesh K S, Deputy General Manager of Delhi-Region, received the award from Ashwini Vaishnaw, Minister for Electronics & Information Technology, Communications and Railways, in a function held at New Delhi, Delhi.
  • The bank, known as “KBL-NxT”, is currently undertaking an accelerated digital drive under its transformation journey “KBL VIKAAS 2.0.”   

GoI Appoints BVR Subrahmanyam as NITI Aayog CEO; Incumbent CEO Iyer Moves to World BankThe Government of India (GoI) has approved the appointment of former Commerce Secretary BVR Subrahmanyam (56 years old) as the new Chief Executive Officer (CEO) of NITI Aayog (National Institution for Transforming India).

  • The Appointments Committee of the Cabinet has approved Subrahmanyam’s appointment for a period of 2 years from the date of assumption of the charge of the post.

Subrahmanyam will succeed incumbent CEO Parameswaran Iyer, who will join the World Bank (WB) as Executive Director in Washington, DC, United States (US) for a 3-year term.
About BVR Subrahmanyam
i.BVR Subrahmanyam is a 1987 batch Indian Administrative Service (IAS) officer from the Chhattisgarh cadre.
ii.Subrahmanyam was named Chairman and Managing Director (CMD) of the India Trade Promotion Organization (ITPO) in 2022 on a contract basis for a period of two years following his retirement on September 30, 2022.
iii.He was Additional Chief Secretary (Home) in Chhattisgarh before being deputed to Jammu and Kashmir (J&K) as Chief Secretary when the state proclaimed Governor’s Rule in June 2022.
iv.From 2004 to 2008, he served as a private secretary to former Prime Minister (PM) Manmohan Singh.
v.After serving at the World Bank, he rejoined the Prime Minister’s Office (PMO) under Narendra Modi between 2012 and 2015.
About Parameswaran Iyer
i.Parameswaran Iyer, the current CEO of NITI Aayog, is a retired 1981-batch IAS officer of Uttar Pradesh cadre.

  • In July 2022, he was appointed CEO of NITI Aayog for a 3-year term.

ii.As appointed to the World Bank (WB), Parameswaran Iyer will take over for Rajesh Khullar, a 1988-batch IAS official who has been repatriated to his home cadre of Haryana.
iii.Iyer voluntarily retired from the IAS in 2009 to join the WB as the global lead for strategic initiatives in the water and sanitation sector.
iv.Between 2016 to 2020, he was the Secretary to the Ministry of Drinking Water and Sanitation in New Delhi, where he oversaw the implementation of India’s flagship initiative, the USD 20 billion Swachh Bharat Mission (SBM).
About NITI Aayog (National Institution for Transforming India):
Chairperson – Prime Minister of India (Narendra Modi)
Vice Chairperson – Suman Bery
Establishment – 2015
Headquarters – New Delhi, Delhi


UN appoints Indo-Canadian Afshan Khan Coordinator for SUN Movement

On 20th February 2023, United Nations (UN) Secretary-General Antonio Guterres announced the appointment of Indo-Canadian Afshan Khan as Coordinator of the Scaling Up Nutrition (SUN) Movement. She will coordinate the implementation of the SUN movement through its 3rd phase (2021-2025).

  • Afshan Khan will succeed Gerda Verburg of the Netherlands.

Currently, she serves as United Nations Children’s Fund (UNICEF)’s Regional Director for Eastern Europe and Central Asia.
Key Points:
i. Afshan Khan will coordinate the implementation of the SUN Movement through its 3rd phase (2021-2025).
ii. She will lead the SUN Movement Secretariat and manage the network of SUN Government Focal Points, stakeholders, and supporters.
iii. As the coordinator of the SUN movement, she will work to ensure the execution of the SUN strategy at the global level by building partnerships, and galvanizing engagement and commitment to end malnutrition in all its forms.
SUN Movement: 
i. The Scaling Up Nutrition (SUN) Movement, which is led by 65 Countries and 4 Indian States (Maharashtra, Jharkhand, Madhya Pradesh and Uttar Pradesh), is a country-driven initiative with an aim of eradicating all types of malnutrition by 2030.
ii. It is a renewed initiative to end all forms of malnutrition, based on the principle that everyone has a right to food and good nutrition.
iii. It works to achieve sustainable and equitable reductions in malnutrition and nutrition justice for all.
About Afshan Khan:
i. Afshan Khan was born in Hyderabad, Telangana, India and has both Canadian and United Kingdom (UK) citizenship.
ii. She worked as a consultant to the Canadian International Development Agency between 1984 and 1986.
iii. She started her work for UNICEF in Mozambique in 1989.
iv. Since Afshan Khan also served as the Chief Executive Officer (CEO) of Women for Women International from 2012-2014.


HAL extends C B Ananthakrishnan Tenure as CMD for Six Months

On 20th February 2022, the Appointments Committee of the Cabinet (ACC) have approved to extend the tenure of C B Ananthakrishnan, Director (Finance) of Hindustan Aeronautics Limited (HAL), as Chairman and Managing Director (CMD) (additional charge) for a period of 6 months with effect from 1st February 2023.

  • He assumed additional charge of the post of CMD following the superannuation of R Madhavan as CMD of HAL on 31st July 2022.
  • HAL is an aerospace and defence company under the Ministry of Defence, Government of India headquartered in Bengaluru, Karnataka.    

Ranji Trophy 2022-2023: Saurashtra won their 2nd Ranji Trophy title defeating BengalSaurashtra cricket team won the Mastercard Ranji Trophy 2022-2023 defeating Bengal cricket team(West Bengal) by 9 wickets in the finals of held in Eden Gardens in Kolkata, West Bengal.

  • This marks Saurashtra’s 2nd Ranji Trophy Title. Saurashtra won their maiden Ranji Trophy in 2020.
  • Mastercard Ranji Trophy 2022-2023 was the 88th season of the Ranji Trophy, the premier first-class cricket tournament in India.
  • Ranji Trophy 2022-23 was held from 13th December 2022 to 19th February 2023

Note: Saurashtra cricket team is one of the  three first-class cricket teams based in Gujarat. The others 2 teams are Baroda and Gujarat.
Captains:
Saurashtra: Jaydev Unadkat
Bengal: Manoj Tiwary
Awards – Ranji Trophy 2022-2023: 
Jaydev Unadkat, captain of Saurashtra, was declared Man of the Match (finals) for his impressive performance.
Arpit Vasavada, a middle-order batsman for Saurashtra, was adjudged the Player of the Series for his consistent run in this Ranji season(2022-2023).
Prize Money: 
Ranji Trophy winning team receives a coveted trophy and Rs 2 crore in prize money.
Player of the Series: Rs 10 lakhs
Player of the Match: Rs 25000
About Ranji Trophy: 
i. Ranji Trophy was founded by the Board of Control for Cricket in India(BCCI) in 1935.
ii. The Ranji Trophy is named after one of India’s first test cricketers, Ranjitsinhji, who played for England and Sussex.
iii. It is annually organised across various grounds and stadiums in India.
iv. The inaugural edition of the Ranji Trophy was played in the 1934-35 season with Mumbai (Bombay), Maharashtra.
Note: 
Mumbai (Bombay) dominates the Ranji Trophy by winning the tournament 41 times.
After Mumbai, Karnataka have won the most Ranji Trophies (8) followed by Delhi (7) and Baroda (5).


Indian Chess Player N.R. Vignesh from TN Becomes India’s 80th Chess GrandmasterIndian Chess Player N.R. Vignesh (25-year-old), from Chennai, Tamil Nadu (TN), became India’s 80th Grandmaster (GM) after defeating International Master (IM) Ilja Schneider of Germany at NordWest Cup 2023 (24th edition) at Bad Zwischenahn in Germany which was held from 26th January 2023 to 29th January 2023.

  • He became the Grandmaster after crossing 2500 in the live ratings.
  • N.R. Vignesh also became the 29th Grandmaster hailing from Tamil Nadu(TN).

M Pranesh from TN became India’s 79th GM in January 2023 after winning the Rilton Cup 2022/2023 in Stockholm, Sweden.
Note: 
N.R. Visakh, elder brother of Grandmaster N.R. Vignesh, became had become India’s 59th GM in 2019.

  • Visakh and Vignesh became India’s first pair of siblings (brothers) to hold the title of Grandmaster.

About N.R. Vignesh:
i. N.R. Vignesh become an International Master in chess in 2015. He is ranked 767th in FIDE (Fédération Internationale des Échecs or International Chess Federation) World Rank (Active Players).
ii. His GM-Norms: 1st GM-norm: At Qatar Masters in 2015; 2nd GM-norm: At 24th Abu Dhabi Masters in 2017; 3rd GM-norm: At 1st Gujarat GM Open 2018; and 4th GM-norm: At Asian Continental 2019 at Xingtai, China.
Highlights:
i. After becoming GM, N.R. Vignesh returned to India to play for Railways Sports Promotion Board (RSPB) A at MPL 42nd Indian Team Chess Championship Open 2023, a 9-round swiss team tournament, held from 10 to 16 February 2023 in Pollachi, Coimbatore, Tamil Nadu.
ii. IM Vignesh N R remained undefeated for the 2nd consecutive year for RSPB A.


Former Gujarat Governor & Veteran BJP Leader Om Prakash Kohli  Passed Away On 20th February 2023, Om Prakash Kohli (O P Kohli), former Governor of Gujarat (2014-2019) and Veteran Bharatiya Janata Party (BJP) leader, passed away in Noida, Uttar Pradesh (UP), at the age of 87. He was born on 9th August 1935 in Delhi.
About Om Prakash Kohli:
i. O. P. Kohli was a lecturer at Hansraj College (Delhi) and Deshbandhu College, University of Delhi, for over 37 years.
ii. O. P. Kohli began his political career as a Rashtriya Swayamsevak Sangh volunteer. He then held several positions with the Akhil Bharatiya Vidyarthi Parishad (ABVP), the Delhi University Students Union, and the Delhi University Teachers Association.
iii. In 1991, he served as the President of the Delhi BJP, where he held the position for 3 terms. As a member of the BJP national executive, he oversaw the organisational charge of Jammu and Kashmir (J&K), Himachal Pradesh, Chandigarh, Punjab, and Haryana.
iv. He served as a Member of Parliament (MP) – Rajya Sabha (representing Delhi) from  1994 to 2000.
v. O. P. Kohli served as the 19th Governor of Gujarat between 2014 and 2019.

  • He also held the additional charge of the office of the Governor of Madhya Pradesh along with Gujarat from 2016 to 2018 and also held the additional charge as the Governor of Goa for 3 weeks in 2014.
100 hot wathces

International Mother Language Day 2023 – February 21United Nations (UN)’s International Mother Language Day (IMLD) is annually observed across the globe on February 21 to promote linguistic and cultural diversity, as well as multilingualism.

  • 21st February 2023 marks the observance of the 24th edition of IMLD.

The theme of International Mother Language Day 2023 is “Multilingual education – a necessity to transform education”.
Aim: To preserve traditional knowledge and cultures through sustainable methods and support multilingualism in societies.
Background:
i. International Mother Language Day was established on the initiative of Bangladesh.
ii. In 1999, the United Nations Educational, Scientific and Cultural Organization (UNESCO) General Conference approved the observance of February 21 as the IMLD and has been observed worldwide since 2000.
iii. The United Nations General Assembly (UNGA) adopted the resolution A/RES/56/262, titled Multilingualism, on 9th April 2002 and formally recognized February 21 of every year as International Mother Language Day.
About the United Nations Educational, Scientific and Cultural Organization (UNESCO):
Director-General- Audrey Azoulay
Headquarters- Paris, France
Establishment- 1945 (came into force in 1946)
Members- 193 Members and 11 Associate Members.


Odisha Governor Ganeshi Lal launched India’s 1st Agri Chatbot – Ama KrushAI

Ganeshi Lal, Governor of Odisha, launched “Ama KrushAI”, India’s first Artificial Intelligence (AI)-powered ChatBot for the agriculture sector, at the valedictory session of ‘Krushi Odisha 2023’. It is designed to help farmers access agronomic practices, government schemes, and loan products from more than 40 commercial and cooperative banks.

  • The ChatBot will run under a pilot project involving more than 10,000 farmers and will be implemented in full-fledged in the next two months.
  • Ama KrushAI is created using Bhashini (a language interpretation platform) and the ChatGPT system by the Indian Institute Of Technology–Madras (IIT Madras).

Krushi Odisha 2023: Three-day event under the theme “Emerging Technologies in Agriculture”, organised by Odisha’s Agriculture and Farmers’ Empowerment department in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI) to promote farm mechanisation and enhancement in farmers’ income. More than 20,000 farmers and agri-entrepreneurs from across Odisha.

Current Affairs -21 February 2023

Aero India 2023 (14th Edition) Held in Bengaluru, Karnataka  – Feb 13- 17, 2023The 14th edition of “Aero India 2023,” a biennial event highlighting India’s indigenous defence capabilities, was launched by Prime Minister (PM) Narendra Modi, who also released a commemorative stamp on the occasion.

  • The five-day event took place at Air Force Station Yehlanka in Bengaluru, Karnataka, from February 13 – 17, 2023.
  • The theme of the event was “The runway to a billion opportunities.”

The event was organized by the Department of Defence Production of the Indian Ministry of Defence (MoD) in Bengaluru.

The major exhibitors of Aero India 2023 include Airbus, Boeing, Dassault Aviation, Lockheed Martin, Israel Aerospace Industry, BrahMos Aerospace, Army Aviation, HC Robotics, SAAB, Safran, Rolls Royce, Larsen & Toubro, Bharat Forge Limited, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Bharat Dynamics Limited (BDL) and BEML Limited.

  • Aim: To encourage the export of indigenous aircraft such the Light Combat Aircraft (LCA)-Tejas, HTT-40, Dornier Light Utility Helicopter (LUH), Light Combat Helicopter (LCH), and Advanced Light Helicopter (ALH).

Rajnath Singh launches 9th Defence India Start-up Challenge on ‘Cybersecurity’
Union Minister Rajnath Singh, MoD, launched the 9th edition of the Defence India Startup Challenges (DISC 9) on “Cybersecurity” at the “Startup Manthan” at Aero India 2023.


12 Cheetahs from South Africa released into enclosures at Kuno National ParkOn February 18, 2023, Madhya Pradesh (MP) Chief Minister (CM) Shivraj Singh Chouhan released 12 cheetahs into the Kuno National Park (KNP) in Sheopur, MP. The cheetahs include 7 males and 5 females from South Africa (SA).
While 8 cheetahs were put up in separate quarantine enclosures, 4 others were kept in two bomas in pairs.

  • Now, the total number of Cheetahs in KNP or India has increased to 20.
  • KNP is situated on the northern side of Vidhyachal mountains and is spread across more than 700 square km.

The Cheetah, Acinonyx jubatus, is the world’s fastest mammal. The average life span of a South African cheetah was 8-10 years.
Key Points:
i.This move comes after five months (September 17, 2022) when the first batch of 8 cheetahs arrived in KNP from Namibia.

  • The cheetahs from Namibia, 5 females and 3 males, are currently in hunting enclosures at the park before their full release into the wild.

ii.The eldest of the 12 cheetahs to be housed in the KNP is an eight-years-and-three-month-old male, while the youngest is a female which has completed two years and four months,
iii.The CM was accompanied by Union Minister Bhupender Yadav, Ministry of Environment, Forests and Climate Change (MoEF&CC); Union Minister Narendra Singh Tomar, Ministry of Agriculture & Farmers Welfare (MoA&FW); and Union Minister Jyotiraditya Scindia, Ministry of Civil Aviation (MoCA).
Background:
The Indian and South African governments signed a Memorandum of Understanding (MoU) on January 26, 2023 to translocate more than 100 cheetahs to India over the next decade. The terms of the MoU will be reviewed every five years to ensure it remains relevant.

  • The last cheetah in India was killed in Koria district of present-day Chhattisgarh in 1947, and the species was declared extinct in 1952.

This multi-disciplinary international programme is being coordinated by the Department of Forestry, Fisheries and the Environment (DFFE), the Department of International Relations and Cooperation (DIRCO) in collaboration with the South African National Biodiversity Institute (SANBI), South African National Parks (SANParks), The Cheetah Metapopulation Initiative, the Faculty of Veterinary Science of the University of Pretoria and the Endangered Wildlife Trust (EWT) in South Africa together with the MoEF&CC, the High Commission of India, the National Tiger Conservation Authority (NTCA) and the Wildlife Institute of India (WII)  and Madhya Pradesh Forest Department.


GHAVP: North India’s 1st Nuclear Plant to be set up in HaryanaUnion Minister of State (Independent Charge) Science & Technology and the Atomic Energy and Space, Jitendra Singh mentioned about upcoming installation of North India’s 1st Nuclear Plant ‘Gorakhpur Haryana Anu Vidyut Pariyojana’ (GHAVP) near Gorakhpur village in Fatehabad, Haryana.

  • GHAVP’s two units of 700 MWe capacity each of Pressurised Heavy Water Reactor (PHWR) indigenous design is under implementation.
  • Out of the total allocated funds of Rs 20,594 Crore an amount of Rs 4,906 Crore has been spent so far. Thus as of the date, the total financial progress is 23.8%.

Background:
i.Jitendra Singh has stated about approval given by the centre for the installation of 10 nuclear reactors.
ii.In June 2017 approval was granted for the construction of 10 indigenously developed Pressurised Heavy-Water Reactors (PHWRs) of 700 MegaWatts (MW) each with a total cost of Rs 1.05 Lakh crore.

  • Kaiga Atomic Power Plant, Karnataka, Gorakhpur Haryana Anu Vidyut Praiyonjan, Chutka Madhya Pradesh Atomic Power Project, Mahi Banswara Rajasthan Atomic Power Projects were planned for construction.

iii.To fulfil India’s all energy needs, the department of atomic energy has also been given permission to form joint ventures with Public Sector Undertakings (PSUs) for resources to open up atomic energy plants.
In Progress: Main Plant buildings and structures like the fire water Pump House (FWPH), Safety Related Pump House (SRPH), Fuel Oil storage area-1&2 (FOSA-1&2), Ventilation stack, overhead tank (OHT), Switchyard Control Building, Safety related and Non-safety related Tunnel and Trenches, Retaining walls and Garland Drain are under construction.


Govt. forms Panel led by Cabinet Secretary Rajiv Gauba to Monitor Mission Karmayogi 

Central Government (Govt) has formed a 12-member Cabinet Secretariat Coordination Unit (CSCU) panel headed by Cabinet Secretary Rajiv Gauba to monitor the implementation of the government’s National Programme for Civil Services Capacity Building (NPCSCB) or Mission Karmayogi for training government employees.
Key Points:
i.Members of the CSCU include a nominee of Prime Minister’s Office (PMO), secretary (Coordination), cabinet secretariat, DoPT (Department of Personnel and Training) secretary, home secretary, expenditure secretary, Environment, Forest & Climate Change secretary, Higher Education secretary and revenue secretary.
ii.Chief Executive Officer of Karmayogi Bharat and secretary of Capacity Building Commission will be the permanent invitees to the panel, Additional Secretary/Joint Secretary (Training), DoPT will be the Member Secretary.
iii.The CSCU will monitor the implementation of NPCSCB, oversees the formulation of the National Capacity Building Plan (NCBP) and place it for approval of the Prime Minister’s Human Resource Council (PMHRC), and periodically monitor the implementation of Annual Capacity Building Plans.
iv.The meeting of CSCU was planned to be convened quarterly or as and when deemed appropriate.
Initiatives under iGOT Karmayogi Platform:
i.As per the latest update, a total of 3,13,367 learners have been onboarded with 5 million learning minutes on the iGOT (Integrated Government Online Training) Karmayogi platform.
ii.As many as 341 courses have been published by 1,532 ministries/departments and their organisations as of January 2023, on the iGOT Karmayogi digital learning platform.
iii.A ‘Karmayogi Talks Series’ was also launched by Karmayogi Bharat, as a forum for all learners on iGOT Karmayogi to engage and interact with renowned experts/professionals across the government, industry and private entities.


India & Nepal inks Pact to Rise 200 MW to Dhalkebar-Muzaffarpur Transmission LineIndia and Nepal have signed an agreement to increase the power import and export capacity through the Dhalkebar-Muzaffarpur transmission line by 200 MW, increasing it from 600 megawatts (MW) to 800 MW.

  • The agreement between India and Nepal was signed on On 18th February 2023, during the 10th India Nepal Energy Secretary-level Joint Steering Committee (JSC) meeting in Mount Abu, Rajasthan.

10th India Nepal Energy Secretary-level JSC meeting:
i. The Meeting was co-chaired by Madhu Prasad Bhetwal, Joint Secretary Ministry of Energy, Water Resources and Irrigation, Nepal and Alok Kumar, Secretary of the Ministry of Electricity, India.
ii. During the 10th meeting of Nepal India Energy Secretary-level JSC, the power of existing, projected, and under-construction transmission lines, Arun Third hydroelectric power, was discussed along with related transmission line projects and international power export and import.
Features of the agreement:
i. The agreement was made to increase the capacity to import & export electricity through the 400 KV Dhalkebar-Muzaffarpur transmission line by 200 MW (600 MW-800 MW).
ii. It has also been agreed to set up the necessary mechanisms to use the existing 132 KV transmission line to export electricity from Nepal to Bihar throughout the rainy season.
iii. India and Nepal concurred that the 400 KV new Butwal-Gorakhpur transmission line, the second international transmission line, should be completed by March 2025.
iv. Also, it was decided to construct two more 400 KV international transmission lines between the two nations, namely the Inaruwa-Poornia transmission line by 2027/28 and the New Lamki-Bareli transmission line by 2028/29.
v. India has granted permission for Nepal to export 50 MW of power to Bangladesh through India under export-import guidelines if a specific proposal is submitted.
Additional Information:
i. An agreement to import and export 70 to 80 MW of electricity from Tanakpur-Mahendranagar 132 KV (kilovolt) power transmission was also signed between the two sides.
ii. It has also been agreed to set up the necessary mechanisms to export power from Nepal to Bihar during the rainy season through the existing 132 KV transmission line.
Dhalkebar-Muzaffarpur transmission line:
In 2016, the 140 km Muzaffarpur-Dalkebar power transmission line was launched by Prime Minister (PM) Narendra Modi and his then-Nepalese counterpart KP Sharma Oli.

  • By then, an agreement was signed to import and export 70 to 80 MW of electricity from Tanakpur-Mahebdranagar’s 132 KV power transmission.

About Nepal:
President- Bidhya Devi Bhandari
Prime Minister- Pushpa Kamal Dahal
Capital- Kathmandu
Currency- Nepalese Rupee


World’s Highest Weather Station Rebuilt on Mount EverestThe World’s Highest Weather Station, which was installed by the National Geographic Society (NatGeo), has been rebuilt on Mount Everest after it was destroyed due to hurricane-force winds on Mt Everest.

  • A team of scientists and Sherpa have again placed its new version atop Mt Everest.
  • The group has been led by Tenzing Gyalzen Sherpa, a 31-year-old electrician and mountain guide.

Installation of the World’s Highest Weather Station:
i. According to the Guinness World Records report, the team of mountaineers and scientists of NatGeo installed a record-breaking weather station in 2022 at an altitude of 8,810 metres (28,904 ft); just 39 metres (128 ft) below Everest’s summit.

  • It was installed to automatically measure various meteorological phenomena.

ii. The station will be fully operated by NatGeo till 2025 before transferring the technology to the Nepal Government in 2026.
Key Points:
i. As part of National Geographic and Rolex’s “Return to Everest Expedition” in May 2022, the crew began reinstalling the world’s highest meteorological station.
ii. Twelve additional Sherpas helped Tenzing, Matthews, and Perry rebuild the weather station on the highest mountain in the world.
iii. The old weather station, which was about 400 metres lower than the current one, was situated on Everest’s “Balcony”.

  • It was notable for being the first terrestrial weather station to be positioned over 8,000 metres.

iv. The highest weather station needed to be rebuilt because the data it was gathering could impact the lives of 1.6 billion people who depend on the area’s freshwater supply.
v. The team began cleaning the damaged Balcony’s weather station in May 2022 and assembling its updated version together.

  • On 9 May 2022, in the chilly winter at -40°C (-40°F), the team arrived at Bishop Rock carrying several weather station components.

NDDB Mrida Ltd. signs MoU with Sistema.bio & unveils “Gobar Se Samriddhi” programme

NDDB Mrida Ltd., a wholly-owned subsidiary company of the National Dairy Development Board (NDDB), signed a Memorandum of Understanding (MoU) with Sistema.bio, India’s leading biogas company, and launched the “Gobar Se Samriddhi” programme in Anand, Gujarat.

  • The agreement is signed to collaborate with smallholder dairy farmers and offers sustainable waste-to-energy solutions and creates opportunities for farmers to earn additional income.

Meenesh Shah, Chairman of the NDDB and NDDB Mrida Ltd. and Piyush Sohani, Managing Director (MD) of Sistema.bio India graced the occasion.

  • As per the agreement, in the initial phase, 15,000 biogas plants will be installed by the bio company for the farmers in Surat, Kolhapur, and Pune.
  • Currently, around 370 farmers have installed biogas plants in Jankharia, Anand, Gujarat.
  • The plan is to reach out to more than 25,000 farmers with biogas plants in 2023, with a vision to serve 3,00,000 dairy farms in the coming 2-3 years.

Note: At present, 40,000 farmers use biodigesters developed by Sistema.bio to create value from waste.


Union Minister Parshottam Rupala launches Sagar Parikrama Phase-III from Hazira Port in Gujarat

Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying, launched the Sagar Parikrama Phase-III from Hazira Port in Gujarat, and proceeds towards the coastal line of Maharashtra at Satpati, Vasai, Versova, and Parikrama will end at Sasson Dock, Mumbai.

  • The main objectives of Sagar Parikrama are to promote responsible fisheries, save marine ecosystems, disseminate information about the various fisheries-related government schemes and programmes, and show solidarity with all fishermen and concerned stakeholders.
  • The 3rd phase focuses on finding a sustainable balance between using marine fisheries resources to support coastal fishing communities’ livelihoods and India’s food security.
  • It also aims to close gaps between fishing communities and safeguard maritime ecosystems.

Bank of Maharashtra tops list of PSBs in Loan GrowthAs per an analysis of the latest financial results of Public Sector Banks (PSBs), Pune (Maharashtra) based Bank of Maharashtra (BoM) tops the list of Public Sector Banks (PSBs) in terms of loan growth percentage for the third quarter of FY23/Q3FY23.

  • It shows a growth of 21.67% in gross advances year-on-year (y-o-y) in Q3FY23.
  • BoM is followed by Union Bank with a growth rate of 19.80% in advances.

Highlights:
i.PSBs had a robust profit growth of 65% at Rs 29,175 crore during Q3FY23, with BoM emerging as the top performer in terms of percentage growth in profit. It recorded a 139% jump in profit at Rs 775 crore.

  • BoM was followed by UCO Bank which posted a profit of Rs 653 crore.

ii.The State Bank of India (SBI) with a growth rate of 16.91% YoY in lending platforms held the 4th spot. However, in value terms, SBI’s total loan book is at Rs 26,47,205 crore, which is more than 17 times higher than BOM’s lending book of Rs 1,56,962 crore.
Key Points:
i.BoM has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures.
ii.In terms of Retail-Agriculture-MSME (RAM) loans, BoM attained the highest growth of 19.18%, followed by Punjab & Sind Bank with a growth rate of 19.07%, and Bank of Baroda (BoB) with a growth of 18.85% on an annual basis.
iii.In terms of asset quality, BoM and SBI were in the lowest quartile w.r.t. non-performing assets (NPAs) and net NPAs.
iv.As of December 31, 2022, BoM and SBI’s gross NPA were at 2.94% and 3.14% respectively.

  • Their net NPAs stood at 0.47% and 0.77%.

v.With regard to deposit growth, BoB topped the charts among PSBs with a growth rate of 14.50%, followed by Union Bank of India which recorded an upside of 13.48% year-on-year. BoM was in the third spot in terms of deposit growth.
vi.In terms of total business growth, Union Bank of India recorded the highest growth of 16.07% during Q3FY23. It was followed by BoM with 15.77% rise, and BoB with 15.23%.
vii.With regard to Capital Adequacy Ratio (CAR), BoM recorded 17.53%, the highest among PSBs, followed by Canara Bank at 16.72% and Indian Bank at 15.74% as on December 31, 2022.


UAE-India Business Council launched the UAE chapter to Boost Bilateral Trade & InvestmentOn 18th February 2023, UAE-India Business Council-UAE Chapter (UIBC-UC) was launched to boost Bilateral Trade and Investment between India and UAE, commemorating the 1st anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) to strengthen economic ties and to make it easier to achieve the shared goal of enhancing bilateral trade and investment.

  • UIBC-UC was launched by Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, in the presence of Sunjay Sudhir, the Ambassador of India to the UAE, Aman Puri, Consul General of India in Dubai, and founding members of the UBIC-UC.
  • The 2 countries aim to increase bilateral trade to USD 100 billion and attract USD 75 billion in investment from the UAE to India.

Leadership:
i. Chairman of UIBC-UC- Faizal Edavalath Kottikollon (Chairman of KEF Holdings)
ii. Co-Chairman of UIBC-UC- Rizwan Soomar (Chief Executive Officer (CEO) & Managing Director (MD) (India Subcontinent) at DP World).
Major General (Retd.) Sharafuddin Sharaf, Chairman of the UIBC India Chapter, will also hold the position of Vice Chairman of UIBC-UC.


UNICEF India appoints Bollywood Actor Ayushmann Khurrana as National Ambassador

On 18th February 2023, United Nations Children’s Fund (UNICEF) India announced the appointment of Ayushmann Khurrana, a National Award-winning Bollywood Actor, as a National Ambassador.

  • Ayushmann Khurrana joins hands with UNICEF to support ensuring the rights of every child to survive, thrive, and be protected as well as promoting their voice and agency in decisions that concern them.
  • In 2020, he was appointed UNICEF India’s Celebrity Advocate to advocate for ending violence against children and the broader child rights agenda.
  • He made active participation in international observance of Children, women, child labour and more.

Note: Global, Regional and National Ambassadors are among the most recognizable faces of UNICEF.


ISRO’s Chandrayaan-3 successfully undergoes EMI/EMC TestAs per the Indian Space Research Organisation (ISRO), between January 31 and February 2, 2023, the ‘Chandrayaan-3’ lander has successfully underwent the Electro-Magnetic Interference/Electro-Magnetic Compatibility (EMI/EMC) test at the U R Rao Satellite (URSC) Centre in Bengaluru, Karnataka.

  • The performance of the systems was satisfactory.

What is EMI/EMC test?
It is conducted for satellite missions to ensure the functionality of the satellite subsystems in the space environment and their compatibility with the expected electromagnetic levels.
About Chandrayaan-3:
i.Chandrayaan-3 interplanetary mission has the following three major modules:

  • Propulsion module
  • Lander module and Rover
  • Mission’s complexity calls for establishing radio-frequency (RF) communication links between the modules.

ii.It is a follow-on mission to Chandrayaan-2 to demonstrate end-to-end capability in safe landing and roving on the lunar surface.
iii.It will be launched by GSLV MkIII from Satish Dhawan Space Centre (SDSC), Sriharikota, Andhra Pradesh, tentatively in June 2023.
iv.The propulsion module has Spectro-polarimetry of Habitable Planet Earth (SHAPE) payload to study the spectral and polarimetric measurements of Earth from the lunar orbit.
v.The Lander payloads has Chandra’s Surface Thermophysical Experiment (ChaSTE) to measure the thermal conductivity and temperature.
vi.The Rover payloads has Alpha Particle X-ray Spectrometer (APXS) and Laser Induced Breakdown Spectroscope (LIBS) for deriving the elemental composition in the vicinity of landing site.


Dr APJ Abdul Kalam Satellite Launch Vehicle Mission 2023: India’s 1st hybrid Sounding Rocket made by Students Launched On February 19, 2023,  India’s 1st hybrid sounding rocket made by school students from various states as part of ‘Dr APJ Abdul Kalam Satellite Launch Vehicle Mission 2023’ was launched from Pattipulam Village in Chengalpattu, Tamilnadu in the presence of Tamilisai Soundararajan, Governor of Telangana and Lieutenant Governor of Puducherry.
Key Points:
i.The project “Dr. APJ Abdul Kalam Satellite Launch Vehicle Mission 2023” was formed by Dr.APJ Abdul Kalam International Foundation- House of Kalam, Rameswaram in association with the Space Zone India, Chennai and Martin Charitable Trust.
ii.Around 5000 students from colleges and schools (from Grades VI to XII) across the country were involved in the project. The team included 200 from the fishermen community in Tamil Nadu and Pondicherry, 100 students from tribal communities across India, and 60 from Tamil Nadu.
iii.Top 100 students were selected under the project which enabled them for designing and developing 150 PICO Satellites research experiment cubes that contained different payloads

  • Those 150 PICO satellites were launched through the sounding Rocket from Pattipulam village.
  • The rocket can be used for research in weather, atmospheric conditions and radiation.
  • Selected students also learnt more about Science, Technology, Engineering, and Mathematics (STEM).

100 Femto satellites:
The current project is the continuation of “Dr. APJ Abdul Kalam Space Research Payload Cubes Challenge 2021” a project which involved 1347 students from schools who were given training through virtual classes and also hands-on training for designing and developing 100 Femto satellites.

  • Those 100 Femto satellites were launched through a single high-altitude scientific balloon from Rameswaram, Tamil Nadu on 7th February 2021.

Note – Dr. APJ Abdul Kalam International Foundation (AKIF) was launched on 11th October 2015 to fulfil his dreams of transforming India.


Delhi Metro Launches first-ever Indigenously Developed Automatic Train Supervision SystemIndia’s first-ever Indigenous Automatic Train Supervision System (i-ATS) was launched in February 2023 for operations on the Delhi Metro’s 1st corridor Red Line (Rithala to Shaheed Sthal) from the Operations Control Centre (OCC) in Shastri Park by Manoj Joshi, Secretary of Union Ministry of Housing and Urban Affairs, and Chairman of Delhi Metro Rail Corporation (DMRC).

  • It has been developed by a joint team of DMRC and Bharat Electronics Limited (BEL), under the government of India’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives for metro rail transit systems.

DMRC stated about the launch of India’s first virtual shopping app for the metro, ‘Momentum 2.0’, which will allow users to make a variety of purchases and schedule a variety of services.

  • It includes features such as instant recharge of Delhi Metro’s smart cards and smart payment options for other utility services.
  • The app includes features for e-shopping options with a variety of goods and the ‘brick & click’ store experience will enable shopping for groceries and other essential items at the metro stations.

About Delhi Metro Rail Corporation (DMRC)
Headquarters – New Delhi
Establishment – 1995
Chairman – Manoj Joshi
Managing Director – Vikas Kumar


Rolls-Royce Marine North America signed MoU with KSSL for naval marine propulsorsRolls-Royce Marine North America Inc, a subsidiary of Rolls-Royce North America Inc,, has signed a memorandum of understanding (MoU) with Kalyani Strategic Systems (KSSL), a 100% subsidiary of Bharat Forge limited, to indigenously develop niche naval propulsion technologies and products for the Indian Navy.

  • This partnership of Rolls Royce with KSSL will strengthen its defence ecosystem in India.

Note: Rolls-Royce North America Inc is a subsidiary of multinational corporation Rolls-Royce plc.
Features of the MoU:
i.The MoU aims to enable the creation of a local supply chain ecosystem in India for controllable pitch propellers and shafting.
ii.Under this MoU, the KSSL will explore the options to become an in-country provider for propulsor sales within the Indian market.
iii.This also includes, design and development; licensed manufacturing; pre-sales and sales support; installation, commissioning, testing; and aftermarket services and support.


Indian team won Bronze at Badminton Asia Mixed Team Championship 2023 in DubaiThe 3rd edition of Badminton Asia Mixed Team Championships 2023/Tong Yun Kai Cup 2023 (official and sponsored title: Blue Ocean Badminton Asia Mixed Team Championship Dubai 2023) was held from February 14-19, 2023 at Dubai Exhibition Centre in Dubai, United Arab Emirates (UAE).

  • The championship was won by China with Gold medal by defeating South Korea with 3-1.
  • With this, South Korea stood at 2nd position with Silver medal.
  • The 3rd position or Bronze medal was shared by India and Thailand.

Participants:
17 teams representing all five regions in Asia
Organizers:
Badminton Asia and United Arab Emirates Badminton Federation.
Official shuttle:
Li-Ning G900
Key Points:
i.India faced a 2-3 defeat against China in the semifinals.
ii.This is a continental badminton tournament to crown the best mixed national badminton teams in Asia.


Legendary Yakshagana Playback Singer Balipa Narayana Bhagawatha Passed Away

Balipa Narayana Bhagawatha, a legendary Yakshagana playback singer, passed away on 16th February 2023 in Moodbidri, Karnataka. He was born on 13 March 1938 in Kasaragod, Kerala.

  • Balipa Narayana Bhagawatha was known as the “Bheeshma” of Tenku Thittu school of Yakshagana.
  • He was known for the “Balipa style” of singing with his rich voice. He inherited the style from his grandfather who was also Balipa Narayana Bhagawatha
  • He had performed in Kateel Yakshagna Mela alone for over four decades.
  • Balipa Narayana Bhagawatha was the recipient of the State-level Kannada Rajyotsava Award and the prestigious Parthi Subba Award instituted by Karnataka Yakshagana Academy.

World Day of Social Justice 2023 -February 20United Nations (UN)’s World Day of Social Justice is annually observed across the globe on February 20 to raise a voice against social injustice.

  • The day also aims to eradicate poverty, physical discrimination, gender inequalities, religious discrimination and illiteracy, and create a socially integrated society by bringing together diverse communities worldwide.

World Day of Social Justice 2023 was observed on 20th February 2023 under the theme “Overcoming Barriers and Unleashing Opportunities for Social Justice”.
Background:
i. The United Nations General Assembly (UNGA) adopted the resolution A/RES/62/10 on 26th November 2007 and proclaimed February 20 of every year, starting from the 63rd session of UNGA (September 2008 to September 2009), as World Day of Social Justice.
ii. The 1st ever World Day of Social Justice was observed on 20th February 2009.
About the International Labour Organisation (ILO):
Director-General- Gilbert Fossoun Houngbo
Headquarters- Geneva, Switzerland
Establishment- 1919
Members- 187 Member States


Financial Literacy Week 2023 – 13 to 17 February 2023Reserve Bank of India (RBI) is annually observing the Financial Literacy Week (FLW)  to create awareness about the importance of financial literacy to address demand side barriers and enable customers to make better financial decisions.
The Financial Literacy Week 2023 was observed from 13th to 17th February 2023.

  • The theme of FLW 2023 is “Good Financial Behaviour, Your Saviour”. 

Significance of FLW 2023: 
FLW 2023 aims to create awareness about financial education messages on relevant themes including “Micro, Small and Medium Enterprises (MSMEs)”, “Credit Discipline and Credit from Formal Institutions” and “Digital Financial Literacy” and others.
Background:
In April 2017,  the Reserve Bank of India (RBI) decided to observe one week in a year as ‘Financial Literacy Week’ to emphasise the importance of financial literacy.

  • The Financial Literacy Week 2017 was observed from 5th to 9th June 2017.

Wadhwani AI signs MoU with KSDA to promote the welfare of Farmers across Karnataka 

Wadhwani Institute for Artificial Intelligence (Wadhwani AI) has signed a Memorandum of Understanding with the Karnataka State Department of Agriculture (KSDA) to improve farmers’ welfare across Karnataka using AI-powered solutions.

  • Under this partnership, the KSDA and Wadhwani AI will explore opportunities for the scaled deployment of Wadhwani AI’s AI-powered early pest warning and advice solution for cotton and other crops.
  • Wadhwani AI will also conduct capacity-building programmes for ministry personnel on the responsible use of AI and its application to improve agriculture systems in Karnataka and strive to ensure the KSDA is AI-ready.

Note: The Wadhwani Institute for Artificial Intelligence was inaugurated in 2018 by Narendra Modi, Prime Minister of India.

Current Affairs- 20 April 2023

Join our telegram channel for daily updates on current affairs and more.

https://t.me/currentaffairsbyquizway

MoTA Minister Arjun Munda launches CSS ‘Marketing and Logistics Development for Promotion of Tribal Products from NER‘ in Manipur i.On April 18, 2023, Union Minister Arjun Munda, Ministry of Tribal Affairs (MoTA) launched MoTA’s new Central Sector Scheme (CSS) namely ‘Marketing and Logistics Development for Promotion of Tribal Products from North -Eastern Region (PTP-NER)’ during a function at Auditorium of Manipur State Film Development Society (MSFDS) in Imphal, Manipur.
ii.The outlay of scheme is ∼ Rs 143 Crore
iii.It aims to strengthen livelihood opportunities for NER’s artisans from Scheduled Tribes (STs) through increased efficiency in procurement, logistics and marketing of tribal products from North Eastern states.
About Manipur:
Governor– Anusuiya Uikey
Zoological Park– Manipur Zoological Garden
Airport– Imphal Airport (also called Bir Tikendrajit International Airport or Tulihal Airport)


India’s target of blending 20% ethanol in petrol advanced from 2030 to 2025-26On April 18, 2023, the Government of India (GoI) advanced its target to achieve 20 percent ethanol blending in petrol from 2030 to 2025-26.

  • As per the Union Minister – Ministry of Petroleum and Natural Gas (MoP&NG), Hardeep Singh Puri in the Global CBG (Compressed BioGas) Conference of the Indian Federation of Green Energy (IFGE) – CBG Producers Forum, the GoI has notified the National Policy on Biofuels, 2018 to increase the usage of biofuels in the energy and transportation sectors of the country.
  • The GoI has set a target to increase the share of gas in the energy mix up to 15 per cent in 2030 to make India a Gas based economy.

Production of Compressed BioGas:
i. Production of indigenous biofuels will play a pivotal role in achieving the targets of net zero and import reduction.
ii. The ethanol blending in petrol has been increased from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022.

  • This translates into forex savings of Rs 41,500 crore, timely payment of over Rs 40,600 crore to farmers and a reduction of 27 lakh tones in CO2 emissions.

iii. The objectives of the Programme include reducing import dependence, savings in foreign exchange, providing boost to domestic agriculture sector and for associated environmental benefits.
Note: At present we are importing around 50 percent of our requirement of natural gas.
India has a target to set up 5000 commercial plants by 2024- 25 and produce 15 MMT (Methylcyclopentadienyl manganese tricarbonyl) of CBG which would replace other gaseous fuels being used in the country.
About Ethanol blending:
i. In ethanol blending, a blended motor fuel containing ethyl alcohol derived from agricultural products is blended with petrol.
ii. Ethanol blended petrol has higher octane number than petrol thereby aiding in complete combustion and reduced vehicular emissions.

  • Ethanol is a biofuel, naturally produced by the fermentation of sugars by yeasts or by petrochemical processes like ethylene hydration.

NTPC & Chempolis India signs MoU for Setting Up Bamboo-Based Bio-Refinery at Bongaigaon

On 10th April 2023, NTPC Limited (formerly known as National Thermal Power Corporation Limited), the largest power-generating utility in India, and Chempolis India Private Limited, a Fortum group associate company and a leading Finnish bio-refining technology provider, signed a Memorandum of Understanding (MoU) to explore the feasibility of setting up a Bamboo-based Bio-Refinery in Bongaigaon, Assam.

  • The MoU was signed in presence of Dilip Kumar Patel, Director (HR) of NTPC, Ashok Kumar Kalra, Director (HR) of Engineers India Limited (EIL), and Markus Alholm, President & Chief Executive Officer (CEO) of Chempolis.
  • Chempolis will work with NTPC to conduct the feasibility study for the project that would use bamboo for the manufacturing of 2G Ethanol, Bio-Coal for thermal power plants, and other value-added goods.

The proposed Bio-Refinery is planned as an integration project with NTPC Bongaigaon Power Plant.

  • The Bio-Coal produced by the Bio-Refinery shall partly replace coal in the power plant, effectively converting 5% of the generation of the power plant to green.

World’s Wealthiest Cities Report 2023 released by Henley & Partners; New York topsi.The investment migration firm Henley & Partners released its annual ‘World’s Wealthiest Cities Report 2023‘ which is again topped by New York, United States (US) with 340,000 millionaires, 724 centi-millionaires, and 58 billionaires in 2022.
ii.New York followed by Tokyo (Japan), California’s Bay Area (US), London (United Kingdom) and Singapore.
iii.The annual survey looked at 97 cities in 9 regions around the world viz. Africa, Australasia, CIS (Commonwealth of Independent States), East Asia, Europe, the Middle East, North America, South Asia, and Southeast Asia.
iv.The list also featured Mumbai (Maharashtra) at 21st rank with 59,400 millionaires, 238 Centi-millionaires, and 29 Billionaires.
About Henley & Partners:
Chief Executive Officer– Dr. Juerg Steffen
Headquarters– London, UK


Highlights of EAM S Jaishankar’s Visit to Uganda, Ethiopia, & MozambiqueUnion minister Subrahmanyam Jaishankar, Ministry of External Affairs (MEA) visited African nations – Uganda, Ethiopia and Mozambique for 6 days from April 10 to 15, 2023 to strengthen India’s bilateral relationship with the countries.
Key Points:
i.Launch of Tulsi Ghat Restoration Project:

  • During his visit to Kampala, Uganda, the External Affairs Minister (EAM), S. Jaishankar launched the ‘Tulsi Ghat Restoration Project‘ of Varanasi (Uttar Pradesh), a project funded by the Indian community of Uganda.

ii.Inauguratin of NFSU’s Uganda Campus: 

  • EAM inaugurated the first foreign campus of India’s National Forensic Sciences University (NFSU) in Jinja, Uganda.
  • Notably, the inauguration of NFSU’s Uganda campus marks the first government University of India to open a campus anywhere abroad in the world.

iii.Rides ‘Made in India’ train in Mozambique: EAM rode a ‘Made in India’ train (procured under an Indian Line of Credit (LoC)) from Maputo to Machava in Mozambique.
iv.Inaugurated Buzi Bridge in Mozambique:  He also virtually inaugurated the Buzi Bridge constructed as part of the 132 km Tica-Buzi-Nova-Sofala Road project. The bridge is being constructed by India through Indian LoC.
About Ministry of External Affairs(MEA)
Union Minister – Subrahmanyam Jaishankar (Rajya Sabha Gujarat)
Minister of State (MoS) – VMuraleedharan; Meenakashi Lekhi ; Dr. Rajkumar Ranjan Singh


UNFPA’s SOWP 2023: India’s population pegged at 142.8 crore, becomes World’s most populous nationAccording to the State of World Population (SOWP) 2023 titled “8 Billion Lives, Infinite Possibilities: the case for Rights and Choices” published by the
United Nations Population Fund (UNFPA), India overtakes China to become the most populous nation in the world, the population of India has grown by 1.56% in the past year and it is estimated to be 142.86 crore.

  • The population of China is estimated to be 142.57 crore. 

Global population:
In November 2022, the global population has crossed the 8 billion mark. Experts states that the population growth is not as rapid as it was and the growth is at its slowest rate since 1950.
About United Nations Population Fund (UNFPA):
United Nations Population Fund (UNFPA), formerly the United Nations Fund for Population Activities, is the United Nations sexual and reproductive health agency.
Executive Director– Natalia Kanem
Headquarters– New York, United States of America(USA)


RBL Bank launches Unique Digital FD Scheme for New-to-Bank CustomersOn April 18, 2023, RBL Bank launched an innovative Digital Fixed Deposit (FD) Scheme available to new-to-bank customers. Customers can book the Digital FD within minutes without having to visit a branch or opening a savings account with the Bank.

  • It has an interest rate of up to 7.8 per cent and a term of 15 months to 725 days.

Key Points:
i.It will offer several additional benefits, such as embedded insurance cover, seamless savings account opening process, ability to track and manage FD digitally, etc.
ii.The FD holders can opt for insurance cover under a Hospital Daily Cash Benefit policy which offers daily cash benefit for hospital expenses.
iii.The Digital FD utilizes quick online KYC (Know Your Customer) process, making it easy and hassle-free for customers to open an FD within minutes.
About RBL Bank:
Managing Director & CEO– R Subramaniakumar
Headquarters– Mumbai, Maharashtra
Tagline– Apno Ka Bank


IBA Constituted 4-Member Working Group on ARCsThe Indian Banks’ Association (IBA) has constituted a four-member working group on Asset Reconstruction Companies (ARCs) which will operate on various issues and report them to the IBA, the RBI (Reserve Bank of India) and the Union government.
The four-member of the working group include

  • Hari Hara Mishra, Chief Executive Officer (CEO), Asset Reconstruction Companies Association.
  • Purshotam Agarwal, Chief investment officer, National Asset Reconstruction Company Limited (NARCL).
  • Mythili Balasubramanian, Executive Director, Edelweiss.
  • Tarun Kumar, Director, Encore Asset Reconstruction Company.

About Asset Reconstruction Companies (ARCs):
It is a financial institution (FI) that buys the NPAs (Non-Performing Assets) or bad loans from banks and FI and helps them to recover from the NPAs.
They are registered under RBI and regulated under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002.
About Indian Banks’ Association (IBA):
Chief Executive – Sunil Mehta; Chairman – Atul Kumar Goel (MD & CEO of Punjab national Bank)
Headquarters – Mumbai, Maharashtra
Establishment – 1946


SIB introduces 2 Savings Accounts for NRIs – SIB SEAFARER & SIB PULSEOn April 18, 2023, South Indian Bank (SIB) launched two flexible saving products namely, SIB SEAFARER and SIB PULSE for its non-resident Indian (NRI) customers specifically for mariners and healthcare professionals.

  • The two saving products would enable the NRIs to either maintain the term deposits or the prescribed minimum balance in the saving account.

Features of SIB Seafarer & SIB PULSE :

  • Free and unlimited Debit card transactions, NEFT (National Electronic Funds Transfer)/ RTGS & DD / PO.
  • Free International Debit card, SMS & Internet banking services.

About South Indian Bank Ltd.
MD&CEO – Murali Ramakrishnan
Headquarters – Thrissur, Kerala
Tagline – Experience Next Generation Banking


SBI Board Approves to Raise USD 2 Billion Via Long-Term Debt

On 18th April 2023, the State Bank of India (SBI), a public sector lender, in its Executive Committee of the Central Board, approved to examine the status and decide on long-term fund-raising in single or multiple trenches up to USD 2 billion (about Rs 16,000 crore) under Reg-S/144A, through Public Offer and/or private placement of senior unsecured notes in USD or other convertible currency during FY2023-2024.
SBI will raise USD 2 billion through foreign currency bonds in 2023-2024 in single or multiple tranches.

  • SBI will utilise the fund for augmenting additional Tier 1 capital and the overall capital base, and for strengthening capital adequacy according to Reserve Bank of India (RBI) guidelines.
  • In March 2023, SBI raised Rs 3,717 crore through an additional tier 1 bond sale.
  • According to SBI, this is the 3rd Basel III compliant additional tier 1 (AT1) bond sale and the latest issue was closed at a coupon rate of 8.25%.

IIT Roorkee signs MoU with Taiwan’s NCDR to Develop Tech Solutions for Earthquakes & Floods

The Indian Institute of Technology Roorkee (IIT Roorkee), Uttarakhand, signed a Memorandum of Understanding (MoU) with the National Science and Technology Centre for Disaster Reduction (NCDR), Taiwan, to develop technology solutions to natural hazards, including earthquakes, landslides, floods, debris flow, and compound disasters. The agreement was signed during a visit by NCDR scientists and faculty members, as well as NCDR director Dr Hongey Chen.

  • The MoU aims to develop scientific and academic cooperation and scientific research to promote relations and mutual understanding between NCDR and the Centre of Excellence in Disaster Mitigation and Management (CoEDMM) of IIT Roorkee.
  • The researchers from IIT Roorkee and NCDR aim to co-establish an early warning sensor network equipped with P-Alert sensors at selected locations in Uttarakhand.

Hurun’s Global Unicorn Index 2023: BYJU’s, Swiggy & Dream11 Named India’s top UnicornsAccording to the Global Unicorn Index 2023 published by Hurun Research Institute, India is ranked 3rd on the index with 68 unicorns (up 14 compared to 2022).  Online educator BYJU’S worth USD 22 billion topped the list of Indian Uniocrons, followed by on-demand delivery start-up Swiggy and fantasy sports platform travel-stay finder Dream11 (USD 8 billion each).

  • The United States of America(USA) topped the index with 666 unicorns, up 179 compared to 2022, followed by China in 2nd spot with 316 unicorns (up 15).
  • BYJU’S is the only Indian Unicorn among the list of the top 10 biggest rises in valuation since pre-Covid.

Tata Steel becomes Steel Sustainability Champion 2023 for sixth consecutive yearTata Steel has been recognised as 2023 Steel Sustainability Champion by the World Steel Association and the announcement was made at the Worldsteel Special General Meeting of the Board of Members held in Vienna, Austria.

  • Recognised for the sixth consecutive year this year, Tata Steel has been a champion every year since the programme’s launch in 2018.
  • This prestigious award highlights Tata Steel’s commitment to sustainability and acknowledges its position as a world-class steel producer.

Evaluations:

  • The Steel Sustainability Champions recognition is based on evaluations of data provided on various sustainability indicators, like material efficiency, environmental management systems, lost time injury frequency rate, employee training, investment in new processes and products, and economic value distributed.
  • Companies are also required to provide Life Cycle Inventory (LCI) data to worldsteel’s data collection programme, which covers more than 60 percent of its crude steel production data and is less than five years old.

Other Recognitions:
i. Tata Steel was recognised as 2022 ‘Supplier Engagement Leader’ by CDP (Carbon Disclosure Project), a global environmental non-profit charity, for its efforts in measuring and reducing environmental risks across its supply chain.

  • This achievement marks the third time in the last four years that the Company has been rated at the highest level by its suppliers.

ii. The company’s Noamundi and Joda East Iron Mines received a 5-Star rating for sustainable development for 2021-22 from the Indian Bureau of Mines (IBM).

  • The Noamundi mine received the honour in 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 as well.

About Tata Steel Company:
Asia’s first integrated private steel company in India.
Founded in: 25 August 1907, in Jamshedpur, Jharkhand
Headquarters: Mumbai, Maharashtra
CEO & MD: T. V. Narendran


World’s 1st Smart Gun: Biofire Technologies Unveils Biometric Identification to Prevent Misuse

Colorado (United States of America-USA)-based Biofire Technologies, a gun-making company, has unveiled the world’s 1st smart gun “Biofire Smart Gun”, a 9mm handgun secured by fingerprint and facial recognition biometrics. The smart gun can only be fired after verifying the shooter’s identity with fingerprint/biometric and facial recognition technology.

  • A 9mm handgun is designed to prevent unauthorised access and usage by individuals such as children and criminals.
  • It makes use of advanced technology that limits access to only the owner and individuals who have been properly authorised by the owner.

Kai Kloepfer, the founder of Biofire, has the goal of lowering the suicide rate in the USA as well as the number of children dying from accidental firing.


World Liver Day 2023 – April 19World Liver Day is annually observed across the globe on April 19 to raise awareness about the importance of liver health and educate people on how to maintain a healthy liver. The day provides an opportunity to educate people about the risk factors for liver diseases, such as alcohol consumption, obesity, viral hepatitis, and certain medications.

  • World Liver Day 2023 was observed on 19th April 2023 under the theme “Be Vigilant, Do Regular Liver Check-Up, Fatty Liver Can Affect Anyone”.

Note: WHO annually observes 28th July as World Hepatitis Day to mark the birthday of Nobel-prize-winning scientist Dr Baruch Blumberg, who discovered the Hepatitis B virus (HBV) and developed a diagnostic test and vaccine for the virus.


TNeGA signs MoU with Indian Bank for Payment Aggregator Services

On 18th April 2023, the Tamil Nadu e-Governance Agency (TNeGA), a State Nodal Agency under the Information Technology and Digital Service (IT&DS) Department, Government of Tamil Nadu(TN), signed a Memorandum of Understanding (MoU) with the public sector Indian Bank for integrating Payment Aggregator for e-Governance Application of various department in Tamil Nadu (TN).

  • The MoU was signed in the presence of T. Mano Thangaraj, Minister for IT&DS  Tamil Nadu, and Mahesh Kumar Bajaj, Executive Director of Indian Bank.

Key Highlights:
i. With this MoU, all government departments now have access to a plug-and-play platform for their payment-related needs.
ii. The Indian Bank Payment Aggregator platform services will offer timely and cost-effective solutions to departments as well as provide citizens and businesses with a seamless payment experience.
iii. This MoU would support one of the top priorities of the TN government by enabling easy access, transparency, and quick service delivery.
iv. The bank’s payment aggregator service will serve as a one-stop solution for all payment collection needs for different departments in the TN government.

  • This payment aggregator solution platform enables an integrated payment mechanism for online payment and collection through aggregation and reconciliation services with multiple payment channels such as debit/credit cards, UPI payment wallets, net banking, e-challans, and e-UPI.

About Indian Bank:
Managing Director (MD) & Chief Executive Officer (CEO)- Shanti Lal Jain
Headquarters- Chennai, Tamil Nadu
Establishment- 15 August 1907


Sabarimala Greenfield Airport Project gets Site Clearance from MoCA 

The Ministry of Civil Aviation (MoCA) has granted site clearance for the Sabarimala Greenfield Airport project at Kottayam in Kerala, which aims to enhance infrastructure and connectivity to Sabarimala.

  • The Kerala State Industrial Development Corporation (KSIC) has proposed the project, which is expected to be built on 2,250 acres of land using a Public-Private Partnership (PPP) model, with an estimated cost of Rs 4,000 crore.
  • The airport will have a runway length of at least 3.5 kilometres on the 08/26 alignment.
  • Once completed, the airport will become the 5th International Airport in Kerala.

Current Affairs- 19 April 2023

India Acquires Weapons Worth USD 300 Million from US for Indian NavyIndia is set to clear the proposal to acquire armaments worth over USD 300 million from the United States of America(USA) to arm the Indian Navy’s MH 60 “Romeo” chopper, the multi-role helicopters which will enhance its capabilities to counter enemy warships and submarines.
Under this, the fleet of 24 choppers will get additional Hellfire missiles and Mk 54 lightweight torpedoes.

  • The Hellfire missiles are a potent anti-shipping weapon and can be used to take down the targets like tanks, and command posts.
  • Mk 54 lightweight torpedoes are a very effective anti-submarine weapon. They are also equipped onboard the P8I maritime aircraft.

Note:The negotiation for the USD 300 million deal will be concluded under the Foreign Military Sales route.
Background:
i.India signed an agreement to procure 24 MH 60 Romeo naval multi-role helicopter worth USD 2 billion(over Rs 16000 crore) from Lockheed Martin in February 2020.
ii.Under the original contract signed with the USA, a limited amount of armaments. The 24 MH-60 Romeos were equipped with multi-mode radars and night-vision devices as well as armed with missiles, torpedoes and other precision-guided weaponry.
iii.The delivery of all 24 anti-submarine helicopters are expected to be completed by 2025.
iv.The first batch of MH 60 Romeos were delivered in 2022 at Kochi, Kerala and has been acquired to fill a critical capability gap in the Indian Navy.
v.The MH-60 which can operate from frigates, destroyers, cruisers and aircraft carriers, are going to replace Sea King choppers.
About Indian Navy: 
Chief of the Naval Staff– Admiral R Hari Kumar
Headquarters– New Delhi, Delhi


Indian Navy conducts offshore security exercise ‘Prasthan‘ in MumbaiOn April 6th 2023, Indian Navy conducted the offshore security exercise Prasthan, a bi-annual co-ordinated exercise along with other defence, state and civilian agencies on the Greatdrill Chaaya platform about 30 nautical miles South West of Mumbai harbour, Maharashtra.

  • The exercise is held every six months, to verify the policies and methods for handling potential emergencies on oil production platforms.
  • The previous ‘Prasthan’ exercise was conducted on October 11 and 12 2022 in the Krishna Godavari Basin Offshore Development Area (ODA) under the aegis of Headquarters, Eastern Naval Command, Vishakapatnam in Andhra Pradesh.

About Prasthan exercise:

  • It ensures offshore security and aims to integrate the efforts of all maritime stakeholders involved in offshore defence.
  • Actions were taken throughout the simulation to prepare for several situations, including an oil platform fire, a man overboard, an oil spill in the area, helicopter emergencies, a hazardous gas leak, assisting a disabled vessel in the offshore area and medical evacuation of the platform crew.
  • A number of ships and helicopters from the Indian Navy, Indian Air Force, Indian Coast Guard, ONGC (Oil and Natural Gas Corporation) and Directorate General of Shipping were deployed for the exercise.
  • Personnel from Maharashtra Police, Customs, Fisheries Department, Mumbai Port Authority, JN (Jawaharlal Nehru) Port Authority and other concerned state and central civilian agencies also participated in it.

Union Minister Giriraj Singh launches ‘Sangathan se Samriddhi’ Campaign to Bring Marginalised Rural Women into SHGs 

On 18th April 2023, Union Minister Giriraj Singh, Minister of Rural Development (MoRD), launched the “Sangathan Se Samriddhi” campaign. It will empower marginalised rural households by bringing all eligible rural women into Self Help Groups (SHGs).

  • The government is targeting to bring 10 crore women under the purview of SHGs from the existing 9 crores. The number of members has now crossed 9 crores from just over 2.3 crores in 2014.
  • The government has also set a target that every woman associated with SHGs should be able to earn Rs 1 lakh per annum.

Law Minister Kiren Rijiju releases 1st Edition of Dogri version of Constitution of India

Union Minister Kiren Rijiju, Ministry of Law and Justice (MoL&J), released the 1st edition of the Dogri version of the Constitution of India at the University of Jammu, Jammu and Kashmir (J&K).

  • Kiren Rijiju described the translated document as very important in providing justice to the common people.
  • According to Kiren Rijiju, it is necessary to understand the law and it cannot be done better than organising it in one’s mother tongue.

Dogri is an Indo-Aryan language spoken in the Jammu region of J&K and is one of the 22 official languages recognized by the Indian Constitution.


IAF Participated in Multilateral Military Exercise Orion at Mont-de-Marsan Airbase in FranceOn April 17, 2023, a Multilateral Military Exercise Orion was initiated at Mont-de-Marsan, an Air Force base of the French Air and Space Force (FASF) in France

  • It saw the participation of the Indian Air Force (IAF) along with other Air Forces from Germany, Greece, Italy, Netherlands, United Kingdom, Spain and the United States of America (USA).
  • The exercise will culminate on May 5, 2023.

Key Points:
i.The Indian Air Force Contingent comprises four Rafale, two C-17, two IL-78 aircraft and 165 air warriors.

  • This is the first overseas exercise for the IAF Rafale aircraft. It is regarded as among the most powerful fighter jets in service with any military in Asia.

ii.By participating in this exercise, the IAF will incorporate the best practices of other Air Forces, further enhancing their employment philosophy.
iii.Exercise Orion is one of the largest military exercises organized by France recently, involving approximately 12,000 troops from North Atlantic Treaty Organization and four phases.
iv.The French armed forces, including the Army, Navy, and Air Force, have conducted several sections of military drills. The exercises have also involved several allied nations, such as the US and UK, in the past.


UPI remains Preferred Medium for Digital Payments in 2022; Bengaluru tops with Rs 6,500cr digital transactions: Worldline Report i.According to the report by Worldline India titled India Digital Payments Annual Report 2022 Unified Payments Interface (UPI) continued to be the most preferred medium for digital payments in 2022 in India with a 70% increase in the number of transactions to 74 billion and a 54% increase in the value of transactions to Rs 126 trillion.
ii.A total of 8,792 crore digital payments were undertaken in 2022 worth Rs 149.5 lakh crore.
iii.The UPI volume and value market share was 84%. It recorded 91% increase in volume and over 76% increase in value in Year 2022 as compared to Year 2021.
iv.Credit card issuance increased 18% to 81.1 million, while debit cards increased slightly by 0.2% to 939.4 million from 938 million.
v.As per the data by Worldline Report, Bengaluru recorded 29 million transactions valued at Rs 6,500 crore, the highest number of digital transactions across 12 cities in India in 2022.
About Worldline India Private Limited:
CEO– Ramesh Narasimhan
Headquarter– Mumbai, Maharashtra


HDFC Bank launches Regalia Gold Credit CardHDFC Bank, India’s largest private bank, launches Regalia Gold Credit Card, for travel and lifestyle needs. It is a super-premium credit card launched under the bank’s Regalia range of credit cards with multiple features and benefits.
Key Points:
i.The card has Travel and Lifestyle benefits, allowing customers to redeem rewards for the global travel and on a collection of premium brands via the exclusive Regalia Gold catalogue.
ii.It also offers cardholders complimentary airport lounge access globally, and premium milestone benefits.
iii.The credit card was available to high-income individuals and is designed exclusively to cater to the needs and requirements.
iv.Regalia Gold Credit Card also offers an option to convert spends into EMI.
v.The Credit Card is enabled for contactless payments, facilitating fast, convenient and secure payments at retail outlets.
Note – Government has allowed payment through contactless mode (without being asked to input your Credit Card PIN) for a maximum of Rs 5,000 for a single transaction.
Additional info: HDFC Bank is the leading player in the payment’s ecosystem in India with over 1.65 crore credit cards and, an overall cumulative card base of over 6 crore, including credit, debit, and prepaid cards, addressing the need of different market segments.
About HDFC Bank Ltd:
MD & CEO – Sashidhar Jagdishan
Establishment – 1994
Headquarters – Mumbai, Maharashtra
Tagline – We Understand Your World


India gives $500,000 to UN Women for Women EmpowermentIndia has made a contribution of $500,000 (Rs 4.09 crore) to the United Nations Entity for Gender Equality and the Empowerment of Women, also known as UN Women.  The cheque for the same was handed over by Ruchira Kamboj, the Permanent Representative of India to the UN, supporting UN Women’s core voluntary budget.

  • The donation was received by Sima Sami Bahous, the Under Secretary General and Executive Director of UN Women.

Key Points:
i.This funding highlights India’s commitment towards gender equality and empowerment of women, as well as the government’s support towards UN Women’s activities.
ii.The donation will be utilized towards UN Women’s efforts to promote gender equality and empower women globally.
iii.India currently serves as a member of the Executive Board of the UN Women and Women-led Development is one of the priorities of India’s G20 presidency.
iv.India’s development model is centered around women-led initiatives, entrepreneurship, and STEM (Science, technology, engineering, and mathematics) education.
About United Nations Entity for Gender Equality and the Empowerment of Women
Executive Director– Sima Bahous
Headquarters– New York, United States


AU SFB partnered with BBPS to Enable Bill Payment Via Video Banking

AU Small Finance Bank (AU SFB), has become India’s 1st commercial bank to connect with the Bharat Bill Payment System (BBPS) and deliver bill payment services through video banking. This initiative’s primary goal is to promote digital accessibility and improve economic capability leading to greater financial inclusion.

  • Customers can use this platform to pay their bills without having to go to a branch, which is especially useful for senior citizens and others with mobility challenges who live in remote areas.

Customers of AU SFB can access the bill payment service on video banking through https://www.aubank.in or AU 10101 app.


Karnataka Bank launches “KBL Centenary Mahotsav” Campaign for Home loans

Karnataka Bank Limited (KBL) launched a special campaign “KBL Centenary Mahotsav” for Home loans from 17 April 2023 to 17 July 2023 to mark its 100th year of establishment. KBL was incorporated on 18th February 1924 at Mangaluru, Karnataka.

  • Customers can utilize the benefits of digital banking and offers of the special campaign across all its 901 branches.
  • Customers can obtain a Horne loan under the KBL Centenary Mahotsav campaign with a reduction in the upfront fee, an attractive rate of interest starting at 8.75%, Nil processing charge for a Horne loan and other benefits.
  • Karnataka Bank has developed digital loan products for home loans, allowing customers to take advantage of seamless digital processes and immediate in-principle approvals at their comfort and convenience.

President Droupadi Murmu Conferred National Panchayat Awards 2023 & Inaugurated the ‘National Conference on Incentivisation of PanchayatsOn April 17, 2023, the President of India, Droupadi Murmu conferred the National Panchayat Awards 2023 and inaugurated the ‘National Conference on Incentivisation of Panchayats’ in New Delhi, Delhi.

  • The President also inaugurated the National Panchayat Awards Week which was celebrated by the Ministry of Panchayati Raj (MoPR)from April 17 to 21, 2023 as part of Azadi Ka Amrit Mahotsav (AKAM) 2.0.

i.The National Panchayat Awards under different categories are conferred annually by the MoPR since 2011 to acknowledge and incentivize the best-performing Panchayats (local self-government bodies) across the country.
ii.All the Panchayats will be ranked based on their performance under 9 Localization of Sustainable Development Goals (LSDGs) themes aggregating 17 SDGs (Sustainable Development Goals).
iii.The MoPR conceptualized a series of Thematic Conferences for the National Panchayat Awards Week on the theme of “Panchayaton ke Sankalpon ki Siddhi ka Utsav”
iv.A booklet on ‘Best Practices on Works of Awardee Panchayats’ was released by Giriraj Singh, Union Minister of Rural Development and Panchayati Raj.
GS NIRNAY App: Union Minister Giriraj Singh launched a mobile application GS NIRNAY (National Initiative for Rural India to Navigate, InnovAte and Resolve PanchaYat decisions), for empowering rural communities during the National Conference.
About the Ministry of Panchayati Raj (MoPR):
Union Minister – Giriraj Singh (Constituency- Begusarai, Bihar)
Minister of State (MoS) – Kapil Moreshwar Patil (Constituency- Bhiwandi, Maharashtra)


Economist Utsa Patnaik selected for Malcolm Adiseshiah Award 2023 Utsa Patnaik, a renowned economist of national and international repute, has been selected for the Malcolm Adiseshiah Award 2023 by the Malcolm & Elizabeth Adiseshiah Trust (MEAT) based in Chennai, Tamil Nadu (TN).

  • The award will be given with a citation and a prize money of Rs. 2 lakh at a function which will be held in Chennai, TN.

About Malcolm Adiseshiah Award: 
i. MalcolmAdiseshiah Award is annually presented by the MEAT to honour the contributions of the outstanding social scientist in the field of development studies.
ii. The recipients are selected by a national-level jury specially constituted for this purpose, from the nominations received.
Note:
Malcolm Adiseshiah Award 2022 was awarded to Prabhat Patnaik, a renowned Indian Economist and Political commentator, and he is the Husband of Utsa Patnaik.
About Utsa Patnaik:
i. Utsa Patnaik is an Indian Marxian economist, who obtained her doctorate in economics from the Somerville College, Oxford, United Kingdom(UK).
ii. She served as the Professor of Economics at the Centre for Economic Studies and Planning (CESP) in the School of Social Sciences at Jawaharlal Nehru University (JNU) in New Delhi, Delhi, from 1973 until her retirement in 2010.
Awards:
She had won the V.V. Giri Memorial Award 2011 for her outstanding contribution to labour studies, instituted by the V.V Giri National Labour Institute, Noida in Uttar Pradesh.
Malcolm & Elizabeth Adiseshiah Trust:
MEAT was registered on 8th March 1996 as a Public Charitable Trust and the award instituted during the year 2000.
The trust established The Malcolm Adiseshiah Award & The Elizabeth Adiseshiah Award for Distinguished Contributions to Development Studies.

  • The Elizabeth Adiseshiah Award, Instituted in 2018, will be presented to a young scholar below the age of 45. The award carry a cash prize of Rs. 1 lakh.
  • Both awards are open to Indian and foreign scholars ordinarily resident in India.

Indian-American FedEX CEO Raj Subramaniam awarded with Pravasi Bharatiya SammanAn Indian-American Rajesh Subramaniam, President and Chief Executive Officer (CEO) of FedEx Corporation, has been awarded the Pravasi Bharatiya Samman Award, for his contribution to Business.

  • The award was conferred by Droupadi Murmu, President of India, on 10 January 2023, as a part of the celebration of Pravasi Bharatiya Divas (PBD) 2023 at Indore, Madhya Pradesh.

Note: 27 Indians living abroad received the Pravasi Bharatiya Samman Award in 2023.
About Pravasi Bharatiya Samman Award:
i. The Pravasi Bharatiya Samman Award is the highest honour conferred on a Non-Resident Indian (NRI) to recognise their achievements and honour their contributions to various fields, both in India and abroad.
ii. The inaugural Pravasi Bharatiya Samman Award was given in 2003.


Sekhar Rao appointed as interim MD and CEO of Karnataka Bank Karnataka Bank had appointed Sekhar Rao as the interim managing director and Chief Executive Officer (CEO), following the completion of M S Mahabaleshwara’s term as the incumbent CEO.
Additional Info:

  • Mahabaleshwara M S, who served as the bank’s managing director and CEO, completed his second three-year term and demitted office on April 14.
  • Term 1:(15th Apr 2017 – 14th April 2020)
  • Term 2:(15th Apr 2020 – 14th April 2023)
  • Sekhar Rao, the bank’s executive director, assumed the role of interim managing director and CEO on April 15, 2023, after receiving approval from the Reserve Bank of India on April 12, 2023.
  • As per the appointment terms, he will hold the position for a duration of three months or until a regular managing director and CEO is appointed, whichever is earlier.

About Karnataka Bank:
CEO – Sekhar Rao
Headquarters – Mangalore, Karnataka
Tagline – Your family bank across India
Founded in – 1924


Union Minister Dr Jitendra Singh launches ‘YUVA PORTAL’ to Identify Potential Young Start-UpsOn 17th April 2023, Dr Jitendra Singh, Union Minister of State (Independent Charge) Science & Technology, launched the “YUVA Portal” and One Week- One Programme at National Physical Laboratory (NPL) in New Delhi, Delhi, to help in connecting and identifying potential young Start-Ups.

  • YUVA- Young, Upcoming and Versatile Authors.

Key Highlights:
i. Dr Jitendra Singh highlighted the 37 Council of Scientific & Industrial Research (CSIR) Labs spread across India as examples of India’s excellence in technology, innovation, and start-ups.
ii. The One Week – One Lab programme will offer the opportunity for the CSIR labs to showcase the work being done by them so that others can avail of it.

  • In the campaign, each of the CSIR labs is showcasing their exclusive innovations and technological breakthroughs to the people of India.

One Week – One Lab programme:
i. CSIR-National Physical Laboratory (NPL) is going to organise the One Week- One Lab program from 17 to 21 April 2023.
ii. Aim of  One Week – One Lab programme:

  • To create awareness about the available technologies and services present at NPL among potential stakeholders,
  • To provide solutions to societal problems,
  • To sensitise the masses about the importance of precise measurements
  • To develop the scientific temperament among the masses, especially amongst students who are the future of India.

iii. From 18 to 20 April 2023, there will be three days of Start-up/Micro, Small & Medium Enterprises (MSME)/Industry Meet.

  • The aim of this event is to showcase various services extended by NPL to industries.

Additional Information:
i. Dr Jitendra Singh also noted the launch of the astronomy lab that has come up in Karnal, Haryana, that it will provide a level-playing field to all and even Divyangs (persons with disabilities) could excel in various forms of skill, art and craft.

  • The facility in different languages will enable hearing-impaired students to study the sun, moon, and stars along with basic to complicated ideas of space

ii. Indian Sign Language AstroLab has 65 pieces of equipment, including a large telescope, interactive models, audio-visual aids, etc.


International Day For Monuments and Sites 2023 – April 18International Day for Monuments and Sites, also known as World Heritage Day is annually observed across the globe on April 18 to create global awareness about the significance of historical, heritage, and cultural monuments, and measures to protect them so that future generations can also witness them and embrace the rich heritage of the world.

  • International Day for Monuments and Sites 2023 was observed on 18th April 2023 under the theme “Heritage Changes”.
  • The theme for World Heritage Day is annually proposed by the International Council on Monuments and Sites (ICOMOS).

Background:
i. International Day for Monuments and Sites was established by ICOMOS, a non-governmental international organisation dedicated to the conservation of the world’s monuments and sites.
ii. Later, the day was adopted by the United Nations Educational, Scientific and Cultural Organization (UNESCO) during its 22nd General Conference in November 1982 and declared April 18 of every year as International Day for Monuments and Sites.

  • The day was 1st observed in 1983 by UNESCO.

About the International Council on Monuments and Sites (ICOMOS):
President- Teresa Patricio
Secretary General- Mario Santana
Headquarters- Paris, France
Establishment- 1965


Kerala adopts Water Budget, the 1st of its kind in India, to tackle water scarcity in SummerKerala became the first state in India to adopt a water budget to tackle water shortage in summer. Pinarayi Vijayan, Chief Minister (CM) of Kerala, unveiled the details of the 1st phase of the Water Budget in Kerala covering 94 grama panchayats in 15 block panchayats.

  • CM handed over a copy of the budget to  Additional Chief Secretary Sarada Muraleedharan during the event held in Thiruvananthapuram, Kerala.
  • Water Resources Minister Roshy Augustine presided over the event.

About the Water Budget:
i.The Water Budget provides the scientific methods for the conservation of water and it also aims to create awareness about the need for water conservation.
ii.This water budget would support Kerala to meet the demand and supply of Water, the precious liquid resource and apportion it accordingly.
Water Budget Preparation:
i.The Water budget was prepared by a committee of officials including Water Resources department representatives and experts from the sector.
ii.The budget was prepared in consultation with the  Centre for Water Resources Development and Management (CWRDM).
Background:
i.Despite housing 44 rivers, several backwaters, lakes, ponds, streams and abundant rain, several parts of Kerala is facing water scarcity during the summers.
ii.The water budget will regulate the usage of water in accordance with its availability in the area.
iii.This would create awareness among the public against water wastage and will support achieving water conservation.
Other highlights:
CM also inaugurated the 3rd phase of the Haritha Keralam Mission’s ‘Ini Njan Ozhukatte’ campaign to revive rivulets, canals, and streams in the Western Ghats.

  • Around 7,290 kilometres (km) of irrigation networks had been rejuvenated under the 1st and 2nd phases of the project.
  • Water sources in 230 grama panchayats spread over 9 districts will be mapped using satellite images.
  • Following the completion of the surveys, the local bodies will undertake activities to revive the sources before the onset of the monsoon.

About Kerala: 
Chief Minister– Pinarayi Vijayan
Governor– Arif Mohammed Khan
Wildlife Sanctuary– Kottiyoor Wildlife Sanctuary; Mangalavanam Bird Sanctuary
Airport– Calicut International Airport; Kannur International Airport


Himachal Pradesh launches project Sanjeevani to empower dairy farmersOn April 9th, The Animal Husbandry Department (AHD) of Himachal Pradesh along with Bharat Financial Inclusion Ltd. (BFIL), (a subsidiary of IndusInd Bank) has launched an initiative called Sanjeevani which aims to provide doorstep veterinary services to farmers.

  • Under the Sanjeevani project, mobile veterinary clinics will be set up to provide doorstep veterinary services to farmers at a single toll-free phone call.
  • The collaboration under National Animal Disease Control Programme-Mobile Veterinary Van (NADCP-AHD-MVU) will enhance the doorstep services.
  • The integrated call centre will function as a single contact point for various matters related to livestock healthcare and vaccination programs.
  • To support farmers and improve their livelihoods, the Chief Minister of Himachal Pradesh, Thakur Sukhvinder Singh Sukhu, has launched the Sanjeevani project which will benefit farmers in 44 blocks of all 12 districts of the state.

Key Points:

  • The Sanjeevani project is a farmer-friendly initiative that aims to empower the livelihoods of small dairy farmers and livestock owners. By providing convenient and quality care for their livestock at their doorstep, the project will enhance the lives of many farmers from rural remote areas. The collaboration will ensure holistic veterinary services to farmers.
  • The project’s uniqueness lies in its mobile app that connects doctors and farmers, tracks the efficiency of service delivery, medicines prescribed, and livestock diseases related data in one platform.

About Himachal Pradesh: 
Chief Minister – Thakur Sukhwinder Singh Sukhu
Governor – Shiv Pratap Shukla
Capitals – Shimla (Summer), Dharamshala (Winter)
National Parks – Great Himalayan national park, Pin valley national park
About Bharat Financial Inclusion Ltd:
Founded : 1998
Headquarters : Hyderabad, Telangana
Executive Vice Chairman : J Sridharan


TN & High Glory Footwear signed MoU for an investment of Rs 2302 crore 

On 17th April 2023, the Tamil Nadu (TN) Government signed a Memorandum of Understanding (MoU) with the High Glory Footwear India Private Limited subsidiary of Taiwan-based Pou Chen Group, for setting up a footwear manufacturing facility in Tamil Nadu involving an investment of Rs 2,302 crore over 12 years.

  • The manufacturing unit will come up at the SIPCOT (State Industries Promotion Corporation of Tamilnadu Ltd) Industrial Park, Ulundurpet in Kallakurichi, TN.
  • This partnership will generate job opportunities for more than 20,000 people in the non-leather footwear sector, especially for the youth and women in and around the Kallakurichi district, TN.
  • The investment has been attracted after the government released its Footwear and Leather Products Policy in August 2022.

Current Affairs- 19 & 20 February 2023

4th Edition of India-Japan Army exercise ‘Dharma Guardian’ Commenced in JapanOn 17, February 2023, the 4th edition of the India-Japan joint annual military training exercise ‘Dharma Guardian’ commenced at Camp Imazu in the Shiga province of Japan. The exercise was scheduled to be conducted till 2 March, 2023.

  • Objective: To strengthen bilateral relations between India and Japan and enhance the level of defence cooperation between the two forces.
  • Participants: Infantry Regiment from the Middle Army of the Japan Ground Self Defence Force (JGSDF) and Troops of the Garhwal Rifles Regiment of the Indian Army have participated in the exercise.

Key Points:
i.The two armies will share best practices in tactics, techniques, and procedures of conducting tactical operations under a UN (United Nations) Mandate, along with developing inter-operability, bonhomie, camaraderie, and friendship.
ii.The exercise includes platoon-level joint training on operations in jungle and semi-urban/urban terrain to improve the interoperability in planning and execution.
iii.Both armies will engage in a variety of missions ranging from joint planning, joint tactical drills, basics of establishing integrated surveillance grids, including employment of aerial assets.
iv.During the port call by the two JMSDF (Japan Maritime Self-Defense Force) ships Uraga and Awaji at Kochi, Kerala the ship’s crews visited training facilities and activities undertaken at the Training Command of the Indian Navy.

  • Port call is an intermediate stop for a ship on its sailing itinerary

Note – The last edition of Exercise Dharma Guardian was held in Belgaum, Karnataka in February, 2022.


OECD STRI Index: India Ranked 47; Japan and UK gained 1st two Spots

India ranked 47th in OECD’s (Organisation for Economic Cooperation and Development) report titled ‘OECD Services Trade Restrictiveness Index (STRI): Policy trends up to 2023’, which highlights the key outcomes of the 2022 OECD STRI.
Key Points:
i.India’s rank of 47 (which was increased from ) among 50 countries shows the presence of more market restrictions in the country.
ii.OECD STRI index covers 38 OECD members, as well as Brazil, China, India, Indonesia, Kazakhstan, Malaysia, Peru, Russia, Singapore, South Africa, Thailand, and Vietnam.
iii.Russia, Thailand and Indonesia are the three countries ranked below India.
iv.On average, Japan, the United Kingdom (UK) and the Netherlands displayed the lowest regulatory barriers to services trade across sectors in 2022.
v.Economies with the highest trade liberalisation impact on the STRI in 2022 were Viet Nam, Japan, and Kazakhstan.


World Bank Report: COVID-19 Damaged Cognitive Development, Lifetime Earnings of an Entire Generation

According to the World Bank report “Collapse and Recovery: How the COVID-19 Pandemic Eroded Human Capital and What to Do About It”, the COVID-19 pandemic caused a massive destruction of human capital at essential stages of the life cycle, especially affecting children and young people in underdeveloped and developing countries.
Key Findings from the Report
i.In the report, researchers analyzed global data on how the pandemic affected children at three crucial developmental ages: early childhood (0–5 years), school-age (6–14 years), and youths (15–24 years).
ii.It concluded that COVID-19-related education shocks could cause students in South Asia to lose up to 14.4% of their future earnings.
iii.Between April 1, 2020, and March 31, 2022, schools in South Asia were entirely or partially closed for 83% of the time—significantly longer than the global average of 52%.
iv.The report claims that COVID-19 also did significant damage to youth employment.

  • Earnings for young people fell by 15% in 2020 and 12% in 2021.

Key Points:
i.During the two years since the pandemic began (April 2020–April 2022), the World Bank has provided roughly USD 11 billion in pandemic response financing in South Asia.
ii.The amount includes USD 2.7 billion to support social safety nets for more than 857 million vulnerable people, USD 2.5 billion for 15 health projects, USD 2.80 billion for 12 education projects, and USD 1 billion to support the purchase and distribution of vaccines.


12th World Hindi Conference held in Fiji; The 12th World Hindi Conference, which took place from February 15–17, 2023, in Nadi, Fiji, decided to promote Hindi as a language of contact-dialogue among all people around the world who speak, understand, and are fond of it.

  • The Conference was jointly inaugurated by Fijian President Rato Wiliame Katonivere and Indian External Affairs Minister (EAM) S. Jaishankar, who was on his maiden visit to Fiji.
  • The Ministry of External Affairs (MEA), Government of India (GoI) organized the conference in collaboration with the Government of Fiji.

The main theme of the conference is “Hindi – Traditional Knowledge to Artificial Intelligence.”
Note: The 11th World Hindi Conference was held in Mauritius in 2018.

i.In 1973, the Rashtrabhasha Prachar Samiti of Wardha (Maharashtra) envisioned the idea of World Hindi Conferences.
ii.As a result, the inaugural World Hindi Conference was held in Nagpur, India, from January 10–12, 1975.
iii.So far, 11 World Hindi Conferences have been held in various parts of the world.
Key Points:
i.A commemorative postal stamp was released by the Fijian government during the commencement of the conference.
ii.On the occasion, a special Samarika and five additional publications were also released.
iii.During the conference, the “Vishwa Hindi Samman” was presented to a total of 12 Hindi scholars from India and 19 scholars from abroad, as well as two institutions from each of India and abroad.
iv.The Indian Council for Cultural Relations (ICCR) and the Fijian government organized special cultural performances to take place during the conference.
v.A special exhibition on the history of the Girmitiyas in Fiji was presented in accordance with the conference.
India-Fiji Ink Visa Exemption Pact for Diplomatic and Official Passports Holders
India and Fiji signed a Memorandum of Understanding (MoU) on visa exemption for holders of diplomatic and official passports on the margins of the 12th World Hindi Conference, held in Fiji.

  • The MoU exchange was witnessed by Fiji’s Prime Minister Sitiveni Rabuka and India’s EAM S. Jaishankar.

Key Points:
i.Diplomatic and official passport holders in India and Fiji will now be permitted to enter, transit through, stay, and leave each other’s territories without a visa for a period not exceeding 90 days as a result of the visa exemption.
ii.The exception will make it simpler for both countries to participate in opportunities for discussion, meetings, and collaboration at all levels.


RBI Issues Final Guidelines On Interest Rate Risk in Banking BookThe Reserve Bank of India (RBI) issued final guidelines on “Interest Rate Risk in Banking Book” (IRRBB), which mandate banks to measure, monitor, and disclose their exposure to IRRBB, which may have an impact on lenders’ capital base and future earnings.

  • The final IRRBB guidelines are consistent with the revised framework issued by the Basel Committee on Banking Supervision (BCBS).
  • The implementation date of the guidelines will be announced in due course.

Interest Rate Risk in Banking Book (IRRBB)
IRRBB refers to the current or future risk to banks’ capital and earnings resulting from unfavourable changes in interest rates that affect their banking book positions.

  • Increased IRRBB can adversely impact a bank’s current capital base and/or future earnings.

Key Points:
i.Banks are mandated to be prepared to measure, monitor, and disclose their exposure to interest rate risk in the banking book.
ii.According to the guidelines, the bank’s board is accountable for identifying the nature and extent of the bank’s IRRBB exposure.
iii.The board may assign responsibility for IRRBB management and monitoring to ALCO (Asset-Liability Committee), which should regularly assess the nature and extent of the bank’s IRRBB exposure.
iv.The Board/ALCO is in charge of establishing adequate limits on IRRBB, valuing positions, and evaluating performance.

  • It includes procedures for updating interest rate shock and stress scenarios and key underlying assumptions guiding the institution’s IRRBB analysis.

v.Banks are required to have a clearly defined, board-approved risk appetite statement that outlines the policies and procedures for limiting and controlling IRRBB.
vi.Prior to implementation, significant hedging or risk management measures must be approved.
Click here for official guidelines
About the Reserve Bank (RBI):
Governor – Shaktikanta Das
Deputy Governors – Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Headquarters – Mumbai, Maharashtra
Establishment –1935


Paytm Payments Bank becomes the first in India to launch UPI LITE feature  Paytm Payments Bank Limited (PPBL) has launched UPI LITE, a feature enabled by National Payments Corporation of India (NPCI) for multiple small-value UPI transactions.

  • PPBL has become the first payments bank to deploy such a UPI LITE feature as part of its commitment to promote innovation.

UPI LITE
i.The Reserve Bank of India (RBI) introduced the UPI LITE feature, designed by NPCI, in September 2022.

  • UPI LITE offers customers a better experience by enabling faster and safer real-time small value payments.

ii.A UPI LITE wallet, once loaded, enables a user to make instant transactions of up to Rs. 200, making the entire experience quick and seamless.

  • A maximum of Rs. 2,000 can be added to UPI LITE twice daily, increasing the cumulative daily usage to Rs. 4,000.

Note: According to official NPCI data, half of all daily UPI transactions in India are for less than Rs. 200.
Key Points:
i.As PPBL strives to promote the use of digital payments across India, the feature enables faster real-time transactions with a single click through Paytm.
ii.Additionally, it clears the bank passbook of small transactions since they are now only displayed in the Paytm balance and history section rather than the bank passbook.
iii.This will improve customer experience, increase transaction success rates, and get PPBL closer to processing a billion transactions per day on the UPI platform.
Paytm Payments Bank Limited (PPBL)
i.With more than 1,726.94 million transactions in December 2022, PPBL continued to lead all other major Indian banks as the largest UPI beneficiary bank for 19 months in a row.
ii.PPBL is among the top 10 remitter banks for UPI transactions, with 386.50 million registered transactions.

  • It is also one of the leading issuers and acquirer banks for the National Electronics Toll Collection (NETC) FASTag.

About National Payments Corporation of India (NPCI)
NPCI was formed as an umbrella organisation for retail payment and settlement systems in India.
MD & CEO – Dilip Asbe
Headquarters – Mumbai, Maharashtra
Establishment – 2008


RBI Appointed Vikramaditya Singh Khichi as a Member of the Advisory Committee on RCLOn February 17, 2023, Reserve Bank of India (RBI) appointed Vikramaditya Singh Khichi, former ED ( Executive Directors) of Bank of Baroda(BoB) as a member of the Advisory Committee on Reliance Capital LimitedLtd (RCL).
Background: 
i.On December 7, 2021, RBI had constituted an Advisory Committee under Rule 5 (c) of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, to assist Nageswara Rao Y, Administrator of RCL in the operations of the financial service providers during the corporate insolvency resolution process.
ii.MembersIn December 2021, the  Advisory Committee was formed with the following members,

  • Sanjeev Nautiyal, ex-DMD(Deputy Managing Director), State Bank of India
  • Srinivasan Varadarajan, ex-DMD, Axis Bank
  • Praveen P Kadle, ex-MD & CEO, Tata Capital LimitedF

Key Points:
i.Now due to the resignation of Srinivasan Varadarajan from the Advisory Committee with effect from February 17, 2023, RBI has decided to appoint Vikramaditya Singh Khichi as a member of the Advisory Committee with immediate effect.
ii.The Advisory Committee will advise the Administrator in the operations of RCL during the corporate insolvency resolution process.


Philips Domestic Appliances globally renamed as Versuni

Philips Domestic Appliances, headquartered in the Netherlands, has been rebranded as “Versuni” after Royal Philips sold its domestic appliance business to Hillhouse Capital in September 2021.
Following the sale, the Domestic Appliances business became independent.

  • As a licensee of Royal Philips, the company will continue to use the Philips consumer brand, as well as Saeco, Gaggia and Philips Walita, on its products and services.
  • The new company name will be implemented worldwide throughout 2023 and supported with a new and distinct company visual identity.
  • The company’s portfolio includes kitchen appliances, coffee, climate care, garment and floor care.

Indian Railways & India Posts launch joint parcel service – Rail Post Gati Shakti Express Cargo Service

The Indian Railways and India Posts have formally launched their joint parcel service “Rail Post Gati Shakti Express Cargo Service”. The service is started in 4 sectors: Delhi to Kolkata; Bangalore to Guwahati; Surat to Muzaffarpur; and Hyderabad to Hazrat Nizamuddin. In the first phase, a total of 15 sectors have been planned to be covered.

  • A pilot weekly service was launched on 31st March 2022 from Surat to Varanasi by attaching a VPU to Tapti Ganga Express.
  • India Post will be the single point of contact for the customer for the despatch of consignment from pick-up till delivery.

Union Minister G. Kishan Reddy Presented Ustad Bismillah Khan Yuva Puraskar 2019, 2020 and 2021 to102 Artists of IndiaOn 15th February 2023, G. Kishan Reddy, Union Minister, Ministry of Culture presented the Ustad Bismillah Khan Yuva Puraskar (UBKYP) for 2019, 2020 and 2021 to around 102 Artists  (including three joint awards) at Meghdoot Theatre Complex, Rabindra Bhavan in New Delhi, Delhi.

  • The event was presided over by Dr Sandhya Purecha, Chairperson of Sangeet Natak Akademi, the national academy of Music, Dance and Drama, and the apex body of the performing arts in the country.
  • Note: The winners of includes 19 artists from the North East region of India, which highlights the changed circumstances of the region.

Background:
On 8th November 2022, the General Council meeting of Sangeet Natak Akademi has selected 102 artists of India who have made a mark as young talents in their respective fields of performing arts for the Ustad Bismillah Khan Yuva Puraskar 2019, 2020 and 2021.
Key Points:
From 14th to 17th February 2023, a four-day festival of music, dance and drama was organised featuring the recipients of the Ustad Bismillah Khan Yuva Puraskar for the year 2019 at Meghdoot Theatre Complex, Rabindra Bhavan, New Delhi, Delhi.
About Ustad Bismillah Khan Yuva Puraskar:
i.Ustad Bismillah Khan Yuva Puraskar is presented to artists up to the age of 40 years to encourage young talents in diverse fields of the performing arts.
ii.The award was introduced in 2006 with the objective to identify and encourage young talents and give them national recognition early in their life.
iii.The award carries a purse money of Rs 25,000, an Angavastram and a plaque.


Indian-Origin Neal Mohan Replaces Susan Wojcicki as Youtube’s New CEONeal Mohan, a longtime Google and YouTube executive who is an Indian-American, has been appointed the new Chief Executive Officer (CEO) of YouTube.

  • Mohan will succeed Susan Wojcicki, YouTube’s outgoing CEO, who is departing after nine years in the position.
  • She had been with Alphabet Inc., YouTube’s parent company, for nearly 25 years.

About Neal Mohan
i.Mohan began his career at Accenture in 1996.
ii.He subsequently joined NetGravity, a startup that was later acquired by DoubleClick, an internet advertising firm, in 2002.

  • DoubleClick was acquired by Google in 2008.

iii.Mohan was in charge of Google’s display and video advertising units from 2008 to 2015.

  • He led the development of advertising products for Google’s AdSense, AdMob, DoubleClick, YouTube, and Google Display Network ad tech products.

iv.He has been the Chief Product Officer at YouTube since 2015.
Key Facts:   
i.Neal Mohan’s appointment elevates him to a growing list of renowned Indian-American CEOs at some of the world’s largest technology firms.

  • He will join executives like Microsoft CEO Satya Nadella, Adobe CEO Shantanu Narayen, and Alphabet CEO Sundar Pichai.

ii.With over 20,000 searches for his name, Neal Mohan scored third in Google’s trending searches following the announcement of his appointment as YouTube CEO.
About YouTube:
CEO – Neal Mohan
Founded – 2005
Headquarters – San Bruno, California, United States (US)


Govt Approved 3 major appointments in Army: Lt Gen MV Suchindra Kumar as new Army Vice Chief

The Government of India (GoI) has approved 3 major appointments in the Indian Army, Lieutenant general MV Suchindra Kumar, who is currently serving as the Deputy Chief of Army Staff (Strategy) in the Army Headquarters, was appointed as the new Vice Chief of Army Staff.  He succeeds Lt Gen B S Raju who has been appointed as the Jaipur- headquartered South Western Army Commander.
The government has also appointed new commanders for the Central and South Western commands.

  • Lt Gen NSR Subramani, serving as the Chief of Staff at the headquarters of the Northern Command in Udhampur, has been appointed as the next Central Army Commander in Lucknow, Uttar Pradesh(UP).
  • Lt General Kumar replaces Lt Gen BS Raju, who has been appointed as the Jaipur-headquartered South Western Command chief.

The new appointments will come into effect on 1st March 2023.


MEA launched ‘mPassport Police App’ to Fast Track Passport Verification ProcessThe Ministry of External Affairs(MEA), Government of India launched ‘mPassport Police App’ to streamline and expedite the passport issuance system. This app will also help with the timely updation and issuance of passports.
Background: 
i.Police verification is one of the integral parts of the passport issuance system.
ii.Various efforts have been undertaken to streamline and expedite the process of the passport issuance system.
iii.The MEA introduced the ‘mPassport Police App’ to further expedite the process,
Additional info:
i.On the occasion of the 76th Delhi Police Raising Day, Union Home Minister Amit Shah, dedicated 350 mobile tablets to personnel of the Delhi Police Special Branch.
ii.This will result in the entire process of police verification and submission reports digital and paperless.
iii.Passport verification using tablets will reduce the verification time from 15 days to 5 days, effectively reducing the passport issuance timeline by 10 days.


12th World Pangolin Day – 18th February 2022World Pangolin Day is annually observed across the world on the 3rd Saturday of February with an aim to create awareness about Pangolins a unique endangered mammal and their plight.
18th February 2023 marks the observance of the 12th World Pangolin Day. 

  • The 11th World Pangolin day was observed on 19th February 2022.
  • The 13th World Pangolin Day will be observed on 17th February 2024.

About Pangolin:
i.Pangolins are the only mammals wholly covered in scales and they use those scales to protect themselves from predators in the wild that feeds on ants and termites.
ii.The hard plate-like scales of the pangolins are made of Keratin.
iii.The name pangolin is derived from the Malay word ‘pengguling’ meaning ‘something that rolls up’.


Karnataka CM Basavaraj Bommai Presented Revenue Surplus Budget with Outlay of Rs 3 lakh croreOn 17th February 2023, during the Karnataka State Assembly, the Karnataka Chief Minister(CM) Basavaraj Bommai presented a revenue surplus budget with no tax hike. For the 1st time, the budget outlay of Karnataka has crossed Rs 3 lakh crore mark and is pegged at Rs 3,09,182 crore, up from Rs 2,65,720 crore in 2022-2023.

  • The budget for the first time, post-pandemic, was a revenue surplus one, with receipts expected to be more than expenditure by Rs 402 crore.
  • To further boost capital expenditure, the budget has enhanced outlay by 30.4% for capex to Rs 61,234 crore in FY24.

Key Points:
i.The fiscal deficit has been expected to be at Rs 60,581 crore which is 2.60% of the Gross State Domestic Product (GSDP).  The total liabilities at the end of 2023-2024 are estimated at Rs 5,64,896 crore, which is at 24.2% of GSDP.
ii.With borrowings of Rs 77,750 crore, the liabilities at the end of 2023-24 are pegged at Rs 5,64,896 lakh crore, or 24.20% of GSDP, thereby satisfying all parameters of the Karnataka Fiscal Responsibility Act, 2002.
About Karnataka:
Chief Minister– Basavaraj Somappa Bommai
Governor– Thawar Chand Gehlot
Wildlife Sanctuary– Brahmagiri Wildlife Sanctuary; Cauvery Wildlife Sanctuaries


J&K Govt Approves Rs 30.40 cr ‘Sensor-based Smart Agriculture’ ProjectJammu and Kashmir (J&K) government (Govt) has approved a ‘Sensor-based Smart Agriculture’ project worth Rs 30.40 crore for integration of agriculture with technology driven by Artificial Insemination (AI) and IoT (Internet of Things) for automation of practices, and make it efficient and profitable for the farmers.
Key Points:
i.Under the project, a sensor-based pilot study will be conducted on high-density apple orchards, protected cultivation and smart livestock farming.
ii.Hi-tech poly houses would be used for the cultivation of cash crops around the year with the application of IoT and automation for monitoring the microclimatic parameters of plants.
iii.The greenhouse technology will increase yields and produce off-season vegetables as early production or late availability as compared to open field conditions.
iv.As 70% of the J&K’s economy is based on agriculture, the adoption of digital agriculture, particularly AI and IoT, will increase efficiency, production, productivity, and profitability.
v.The project intends to increase the use of resources and improve efficiency by up to 80%  and automate agricultural operations with precision in HDPs (High-Density Plantings) of Apple, vegetables, and livestock.
vi.Identifying pests and diseases via AI-based detection using handheld sensor devices would reduce the drudgery and cost of cultivation by 20%.
vii.Real-time detection and variable rate spray using robotics and drones will reduce the production cost by 80%.
viii.The project also aims to build a sensor corridor for livestock and phenotyping and yield prediction.
About Jammu & Kashmir:
Airports – Udhampur Air Force Station, Awantipur Air Force Station
Bird sanctuary – Hokersar bird sanctuary


Mastercard & ACCESS announce FPO empowerment programmes in Assam

Mastercard and ACCESS Development Services have announced the launch of a new programme in Assam with a focus on empowering Farmer Producer Organisations(FPOs) in Assam.

  • The programme aims to strengthen FPOs by helping build their capacity through structured technical assistance by a professional cadre of trainers.
  • The programme mainstreams Agriculture through Networks and Development Initiatives, or MANDI.
  • Mastercard and ACCESS are aiming to help address these challenges by facilitating training frameworks, curriculum, and tools for FPOs.

Current Affairs – 18 February 2023

FAO: Closing gender gap in agri-food systems can boost global economy by $1 trillionAs per the ‘The Status Of Women In Agrifood Systems’ released by the Food and Agriculture Organization of the United Nations (FAO), tackling gender inequality in agri-food systems can reduce hunger, boost the economy and reinforce resilience to shocks like climate change and the COVID-19 pandemic.

  • There would be increase in the global gross domestic product (GDP) by 1% or nearly $1 trillion if there is no gender gap in farm productivity and the wage gap in agri-food-system employment.
  • Currently, Women earn 82 cents for every dollar earned by men.
  • Globally, 36% of working women are employed in agrifood systems, along with 38% of working men.

Note: The report is the first of its kind since 2010 (State of food and agriculture (SOFA) 2010–11: Women in agriculture – Closing the gender gap for development). It goes beyond agriculture to provide a comprehensive picture of the status of women working across agri-food systems — from production to distribution and consumption.
Highlights:
i.Prioritizing women in development interventions for small-scale producers could benefit 58 million people with increased income and 235 million people with greater resilience. This could also reduce global food insecurity by 2%, impacting 45 million individuals.
ii.Nearly 4 billion individuals depend on agri-food systems as their main source of livelihoods, with approximately half of them being women who face barriers to realizing their full potential such as inequality and discrimination, marginalized and denied agency, work in poorer conditions with lower wages, unpaid work, among others.
iii.Since the outbreak of COVID-19, the gap between women’s and men’s food security has grown to 4.3 percentage points in 2021 from 1.7 percentage points in 2019.
iv. Although 75% of agriculture and rural development policy documents from 68 countries acknowledge the roles and challenges faced by women, a mere 19% of these policies include gender-related goals..
v.Women need more access to and control over the livestock, water, seeds, land, technology, and finance needed to grow their livelihoods.


India, Japan &France Launch Common Platform for Sri Lankan Debt Restructuring ProgrammeIndia, Japan, and France announced a common platform for talks among creditors to address the debt restructuring programme of Sri Lanka, the country which was hit by an unprecedented financial crisis since 2022.

  • The representatives of the three creditor countries, the Finance Minister (FM) Nirmala Sitharaman (India), FM Shunichi Suzuki (Japan), French Director General of the Treasury Emmanuel Moulin, held a press briefing on the margins of the annual spring meetings of the World Bank and the International Monetary Fund (IMF) in Washington DC , United States
  • Under the platform, the representatives will demonstrate the multilateral cooperation regarding the debt restructuring process among the creditors, together with Sri Lanka.

Key Points:
i.Finance Minister Nirmala Sitharaman expressed India’s commitment to supporting Sri Lanka in dealing with its current economic crisis.

  • She emphasised the need for collaboration among creditors to ensure transparency and equality in the debt restructuring discussions.

ii.Sri Lankan President, Ranil Wickremesinghe who joined the conference virtually at the press conference mentioned the agreement with the IMF in March 2023 for USD 2.9 billion bailout.
iii.The IMF’s Executive Board approved a 48-month extended arrangement under its Extended Fund Facility (EFF) with an amount of SDR 2.286 billion to Sri Lanka following financing assurances from the creditors.
iv.Sri Lanka owes USD 7.1 billion to bilateral creditors, with USD 3 billion owed to China, USD 2.4 billion to the Paris Club (France) and USD 1.6 billion to India.
Note – Sri Lanka was hit by an unprecedented financial crisis in 2022, the worst since its independence from Britain in 1948, due to a severe paucity of foreign exchange reserves, sparking a major political and humanitarian crisis in the island nation.


SEBI Issued Framework on Upfront Contribution by Issuers for LPCC’s Settlement Guarantee Fund On April 13, 2023, the Securities and Exchange Board of India (SEBI) released a new framework for the upfront collection of amounts as charges from eligible issuers at the time of allotment of debt securities to build the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation (LPCC).

  • The new framework will come into force from May 1, 2023.

Background:
i.As a well-functioning repo market contributes to the development of the debt securities market, on September 29, 2020, the SEBI board permitted the setting up an LPCC for clearing and settling repo transactions in debt securities.

  • The board also allowed collecting 0.5 basis points of the issuance value of  debt securities per annum upfront prior to the listing of such securities to build the Settlement Guarantee Fund of the LPCC.

ii.With respect to that, AMC Repo Clearing Limited (ARCL) has been granted recognition as LPCC by SEBI.

  • The Reserve Bank of India (RBI) also provided necessary approvals to ARCL to offer central counterparty services for repo transactions in debt securities.

About the Framework:
i.As per the framework the eligible issuers shall be notified by the LPCC as per its risk management policy.
ii.Collection of an amount of 0.5 basis points of the issuance value of debt securities per annum based on the maturity of debt securities by the Stock Exchanges will be held and placed in an escrow account prior to the allotment of the debt securities.

  • The amount is applicable on a public issue or private placement of debt securities under the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021.

iii.Further the collected amount will be transferred by the Stock exchange to the bank account of the LPCC within one working day of the receipt of the amount and  inform the details of the same to the LPCC.

  • Amount details will also be disclosed by the Stock Exchanges on their websites.

Note – The framework was issued in the exercise of powers under Section 11(1) of the SEBI Act,  1992.
About Securities Exchange Board of India(SEBI):
Chairperson -Madhabi Puri Buch
Headquarters – Mumbai, Maharastra
Establishment – 12 April 1992


CGTMSE Increased Guarantee Coverage for MSEs from Rs 2 crore to Rs 5 croreThe Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) increased the guarantee coverage ceiling under its Credit Guarantee Fund Scheme for MSEs from Rs 2 crore to Rs 5 crore per borrower for credit facilities extended by lending institutions to Micro and Small Enterprises (MSEs).
Key Points:
i.The changes are made with respect to the reduction in the loan growth to the MSE segment to 13.2% year-on-year (y-o-y) (as on February 24, 2023) from 24% y-o-y (as on February 25, 2022).
ii.Threshold for waiver of legal action was enhanced to Rs10 lakhs from the existing Rs 5 lakhs.
iii.The scheduled commercial banks’ credit to MSEs, as on February 24, 2023, stood at Rs 5,87,494 crore compared with Rs 5,18,873 crore as on February 25, 2022.
About Ministry of Micro, Small and Medium Enterprises:
Union Minister – Narayan Tatu Rane (Rajya Sabha Maharashtra)
Minister of State (MoS) – Bhanu Pratap Singh Verma (Jalaun,Uttar Pradesh)


Citi India completes first blockchain-enabled LC transaction on Contour

Citibank India (Citi India) has completed its 1st blockchain-enabled Letter of Credit (LC) transaction on Contour Pte. Ltd (Contour) for its client Cummins India Limited (Cummins), a diversified industrial manufacturing company.
The transaction is the 1st for both Cummins and Citi India on Contour. Citi is a founding member bank of Contour..

  • Contour is a global digital trade finance network powered by blockchain technology, that enables multiple parties, including corporations, and logistics partners, to work together smoothly and securely in real time on a single platform.
  • The decentralised global trade finance network of Contour has proven that LC processing times can be reduced by up to 90%.
  • Document presentation under the LC usually takes 5–10 days, however, it was finished in 3 hours for Cummins. On Contour, this was the 1st domestic end-to-end blockchain-enabled LC transaction to be successfully executed.

Citi, through its Treasury and Trade Solutions (TTS) business in India, served as both LC Advising and Issuing Bank.


US Became India’s biggest Trading Partner in FY23 Followed by China  According to the data of the Ministry of Commerce, the United States (US) has emerged as India’s biggest trading partner in the financial year 2022-23 (FY23) at USD 128.55 billion followed by China in the second position at US$15.32 billion.

  • The bilateral trade between India and the US has increased by 7.65% in FY23 due to increasing economic co-operation as against USD 119.5 billion in FY22. It was USD 80.51 billion in FY21.
  • Followed by US and China, the UAE with US$76.16 billion, was the third largest trading partner of India. It was followed by Saudi Arabia (US$52.72 billion), and Singapore (US$35.55 billion).

Key Points:
i.Exports to China decreased by 28% in FY23, whereas the imports increased by 4.16% to $98.51 billion in FY23. The Trade gap increased to $83.2 billion in FY23 as against $72.91 billion in FY22.
ii.The increase in bilateral trade between  India and US was expected to continue in further years too.
iii.In FY23, India had a trade surplus of $28 billion with the US.
iv.Being the world’s third-largest consumer market and the fastest-growing market economy, India provides huge trade opportunities for the US.
Note – As per the Ministry of Commerce data, China was India’s top trading partner since FY14 till FY18 and also in FY21. Before China, the UAE was the India’s largest trading partner.


WPI Inflation eases to 30-month low in March 2023 on Easing Input Prices

According to the Index Numbers of Wholesale Price in India for the Month of March 2023 (Base Year: 2011-12), the annual rate of inflation based on the all-India Wholesale Price Index (WPI) number for the month of March 2023 is 1.34% (Provisional), lower than 3.85% recorded in February 2023.
As input costs continued to decline, India’s annual wholesale-price-based inflation (WPI) decreased to its lowest level in nearly 30 months.

  • In March 2023, the food index rose 2.32% year-on-year (YoY) compared with 2.76% in February 2023, while fuel and power rose 8.96%, slowing from the 14.82% rate.
  • WPI on manufactured products fell 0.28%, compared with a fall of 0.14% in February 2023.

The main factor for the decline in the rate of inflation in March 2023 is by the fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber & plastic products, crude petroleum & natural gas and paper and paper products.


Union Home Minister Amit Shah presented Maharashtra Bhushan 2022 to Dr. Appasaheb DharmadhikariOn April 16, 2023, the Union Minister Amit Shah, Ministry of Home Affairs (MHA) presented Maharashtra Bhushan Award for 2022 to Dr. Appasaheb Dharmadhikari during a public function at Kharghar area in Raigarh district, Maharashtra.

  • Dr. Appasaheb Dharmadhikari was presented with a shawl, a citation and memento and a cheque of Rs 25 lakh, and a 10-feet garland of roses.
  • Notably, he donated all prize money of Rs 25 lakh to the Chief Minister’s (CM) Relief Fund.

Note: Appasaheb is from the Dr. Nanasaheb Dharmadhikari family, an Indian spiritual Guru cum Social Reformer.  This is the first time that the Maharashtra Bhushan award has been given in the same family for the second time. Nanasaheb was awarded with the same in 2008.
Key Points:
i.Appasaheb was a selfless social worker who dedicated his life to serving the community on the slogan of “Let’s March On”, without seeking any recognition and inspired people to work towards positive change.
ii.His work spanned a wide range of social issues, including the betterment of children, the distribution of free educational materials, tree plantation drives, cleanliness initiatives, blood donation camps, and the empowerment of women and tribals. He also played a key role in eradicating superstition and illiteracy.
iii.In 2017, he was recognized with Padma Shri for his outstanding contributions to society.
About Maharashtra Bhushan Award:
Instituted in 1995, it is a highest civilian award presented annually by the Government of Maharashtra State. This award acknowledges the person who has contributed to the social life of Maharashtra.

  • Some of the notable recipients of the award include Lata Mangeshkar, Asha Bhosle, Bhimsen Joshi, Ratan Tata and Sachin Tendulkar.

Participants:
CM of Maharashtra Eknath Shinde, Deputy CM Devendra Fadnavis, among others


59th Femina Miss India World: Rajasthan’s Nandini Gupta crowned Femina Miss India World 2023On 15th April 2023, Nandini Gupta, a 19-year-old, from (Kota)Rajasthan, won the 59th edition of Femina Miss India World 2023 crown in the grand ceremony held at Khuman Lampak Stadium, Imphal, Manipur.

  • Femina Miss India 2022 winner Sini Shetty of Karnataka crowned Nandini Gupta.
  • Nandini Gupta will now represent India at the 71st edition of Miss World (2023), which is to be held in the United Arab Emirates (UAE).

Key Highlights:
i. Hosts– Manish Paul and Bhumi Pednaker
ii. Jury Panel– Femina Miss India Universe 2002 and Mentor Neha Dhupia, ace choreographer Terence Lewis, film director & writer Harshavardhan Kulkarni, boxing icon Laishram Sarita Devi, and distinguished designers Rocky Star and Namrata Joshipura.
iii. Runners-Up– Shreya Poonja of Delhi became the 1st runner-up and Thounaojam Strela Luwang of Manipur was crowned the 2nd runner-up.
iv. A total of 30 contestants from across India competed for the Femina Miss India World 2023 crown.
Note: The ceremony was hosted by Manipur Tourism and co-presented by VLCC & Trends. The event was co-sponsored by Rajnigandha Pearls and co-powered by ORRA Fine Jewellery with the cosmetics partner, Colorbar Made for Magic.
About Nandini Gupta:
Nandini Gupta was born in 2004 in Kaithun, Kota, Rajasthan, and is currently pursuing a course in Business Management at Lala Lajpat Rai College in Mumbai, Maharashtra.


FAA of USA: India’s IASA will continue to be published as Category 1

The Federal Aviation Administration (FAA) of the United States of America (USA) confirmed to the Directorate General of Civil Aviation (DGCA) that India’s International Aviation Safety Assessment (IASA) category will continue to be published as Category 1.

  • The FAA conducted the IASA program over a one-year period which included physical audits from 25 to 29 October 2021, and a further review in July and September 2022.
  • In the recent International Civil Aviation Organization (ICAO) audit conducted in November 2022, India scored an Effective Implementation (EI) of 85.65% from the previous EI of 69.95%.
  • The CAT-1 status denotes an airline’s ability to operate flights, provide services to American cities, and engage in codesharing arrangements with US carriers.     

Fengyun-3G: China launches 1st satellite dedicated to monitoring heavy rainfalls On April 16, 2023, China launched Fengyun (FY)-3G, its first satellite allowing scientists to monitor the Earth’s precipitation from space. It was launched by China’s Long March 4B rocket from the Jiuquan Satellite Launch Center in Northwest China’s Gansu Province.

  • With a lifespan of 6 years (2023 – 2029), FY 3G is dedicated to monitoring heavy rainfalls during catastrophic weather conditions in global regions of low- and mid-latitude i.e. it will forecast global meteorological disasters through its powerful tool.

Note: This satellite is a continuation of the Global Precipitation Measurement mission (GPM) which is led by Japan and the United States (US).
Developer:
Eighth Research Institute under China Aerospace Science and Technology Corporation (CASC), and its ground system is built and operated by the China Meteorological Administration (CMA).
Key Points:
i.The 20th member of the Fengyun series, the FY-3G can accurately sense minute changes in precipitation intensity in the atmosphere, such as the intensity of drizzle at 0.2 millimeters per hour
ii.It can provide information on the 3D structure of precipitation in the Earth’s low- and mid-latitude regions.
iii.Fengyun-3G adopts a Low-Earth Orbit (LEO) with an inclination of 50 degrees and will first head southeast toward China.

  • This track design can help the satellite move between 50 degrees north latitude to 50 degrees south latitude where global rainfalls are concentrated.

iv.The satellites onboards precipitation measurement radar, moderate resolution imaging spectroradiometer, upgraded microwave radiance imager which can receive the 10 to 183GHz microwave radiation energy in the atmosphere and obtain the typhoon’s internal temperatures and humidity structure.
v.China falls within the typhoon activity zone of western North Pacific Ocean and the heavy rainfall and flooding linked to typhoons are more frequent in some Chinese cities.
vi.After the launch, the satellite observation data in China’s global weather prediction model can have an update every four hours with a 3% increase in accuracy.
About China:
Capital– Beijing
Currency– Chinese Yuan


Taifa-1: Kenya launches First Operational Satellite into Space On April 15, 2023, Kenya successfully launched its inaugural earth observation satellite (EOS) ‘Taifa-1’ (Nation-1, in the Swahili language), using a SpaceX Falcon 9 rocket from Vandenberg Base in California, United States (US).

  • Created by a team of nine Kenyan engineers, it is designed to gather environmental and agricultural data, such as flood, drought, wildfire, forest and urbanization changes data, which will be employed by authorities to manage disasters and tackle food insecurity.

Key Points:
i.The satellite was developed over a two-year period at a cost of 50 million Kenyan shillings ($372,000), with assistance from the Bulgarian aerospace firm Endurosat.
ii.It is anticipated to operate for five years before disintegrating over a 20-year period as it enters the atmosphere and burns up.
iii.It is equipped with an optical camera that takes pictures simultaneously in multispectral and panchromatic modes enabling it to operate within and beyond the visible light spectrum.
iv.The Falcon 9 rocket also carried 50 payloads from other countries under SpaceX’s rideshare initiative.
v.Kenya sent its first nano-satellite into space in 2018.
About Kenya:
Capital– Nairobi
Currency– Kenyan Shilling


Europe Successfully Launches JUICE Mission to Study Jupiter’s Icy MoonsOn April 14, 2023, The European Space Agency (ESA) successfully launched the Jupiter Icy Moons Explorer (JUICE), via the Ariane-5 rocket from Europe’s Spaceport from Kourou, French Guiana.

  • Juice, a robotic explorer’s, mission was to make detailed observations of the solar system’s biggest planet, Jupiter and three ice-encrusted moons which scientists believed to have underground oceans where sea life could exist.
  • Juice is expected to reach Jupiter in 2031 and has a mission lifespan of about three years which could be extended by 200 or more days.
  • It will make multiple flybys of Jupiter’s satellites Ganymede, Callisto and Europa before orbiting around Ganymede.

Components of JUICE:

  • The 1.7 billion dollar spacecraft is armed with a suite of remote-sensing, geophysical and in-situ instruments.
  • Juice’s main engine contains a bi-propellant: Mono-methyl hydrazine and mixed oxides of nitrogen.
  • The spacecraft will be powered by 10 solar arrays arranged in two wings, stretching 27 meters from tip to tip. It can produce about 850 watt power at Jupiter.

Mission of JUICE:

  • The mission would help scientists locate places where there is internal energy and liquid water.
  • It will explore Jupiter’s complex environment extensively and study the wider Jupiter system as an archetype for gas giants across the Universe.
  • According to the researchers, Ganymede (the largest Jovian moon) and Callisto (the second-largest) are ocean worlds. It will also map the topography, geology and composition of the surface, characterise the ocean layers and detect subsurface water reservoirs.
  • In 1996, NASA’s Galileo spacecraft revealed that Ganymede has its own magnetic field, the only moon with an intrinsic magnetic field.
  • According to NASA, Juice would study the planets chemistry, including organic molecules, and understand its surface features and the composition of the non-water-ice material.
  • ESA has determined that the possibility of finding life was very high on Europa, as it possesses environments suitable for some form of life.
  • Europa has all three essential ingredients to support life: Liquid water, an energy source and organic compounds that act as building blocks for biological processes.

About European Space Agency:
Established in: 30 May 1975
Director General: Josef Aschbacher
Headquarters: Paris, France


The second underwater nuclear attack drone “Haeil-2” was tested by North KoreaEarlier on March 23, North Korea made a claim of conducting a test of an underwater nuclear attack drone, which notably had the ability to unleash a “radioactive tsunami”.The “Unmanned Underwater Nuclear Attack Craft” was the name given to the drone, also known as “Haeil” (meaning tsunami).

  • As a sequel,Haeil-2, which is the second underwater nuclear attack drone of North Korea was tested from April 4 to April 7.
  • The test effectively demonstrated the dependability and lethal striking capability of the underwater strategic weapon system.

Additional Info:

  • North Korea’s repeated missile tests and other actions are seen as a demonstration of strength against the joint military exercises being conducted by the United States and South Korea.
  • North Korea launched approximately 30 missiles in 11 separate launch events in 2023. These launches involved various missile types, including an intercontinental ballistic missile with the potential to reach the United States mainland, as well as shorter-range nuclear-capable missiles designed to target neighbouring countries.

About Haeil-2:

  • Developed since 2012.
  • The purpose is to prevent any form of escalated military actions by the enemy.
  • Over a period of approximately 71 hours, the vehicle travelled a total distance 1,000 km along a course that included both an oval and figure-of-eight shape.
  • Average speed: 4.6 knots.
  • Depth : 80 to 100 mts.

About North Korea:
Capital : Pyongyang
Currency : North Korean won
President : Kim Jong Un (since 2011)


CUO & ZSI found New cyprinid fish named Garra laishrami in KoraputOn April 16 2023, the researchers of the Central University of Odisha (CUO), Koraput, and the Zoological Survey of India (ZSI) found a rare new edible freshwater cyprinid fish species of Genus Garra from the Kolab River at Ghatguda, Koraput in Odisha.

  • The cyprinid fish species was named Garralaishrami.
  • The new species is named after Dr.Laishram Kosygin of ZSI to honor his remarkable contributions to understanding the taxonomy of Indian freshwater fishes.
  • The findings were published in the taxonomy journal “Ichthyological Exploration of Freshwaters”, from Germany.
  • Characteristics:
  • Fishes of genus Garra are characterized by the presence of a gular disc developed from tissues of the gular region that exhibit variation in the size, shape, and arrangement of the snout tubercles.
  • These groups of fishes are distributed from Borneo, southern China and southern Asia through Middle East Asia, Arabian Peninsula and East Africa to West Africa.
  • The new species Garralaishrami has been found so far in Kolab River, one of the major tributaries of Godavari, in the Eastern Ghats of Odisha.
  • It is a member of the proboscis species group and is distinguished from its other members by the development of proboscis, degree of tuberculation on the proboscis and transverse lobe on snout and nostrils, position of transverse groove and morph metric data of the body.
  • The maximum length of the fish is from 76 mm to 95.5 mm, and is edible.

Researchers Involved:

  • Research conducted by – SupriyaSurachita, a Department of Science and Technology (DST) INSPIRE (Innovation in Science Pursuit for Inspired Research) Fellow on the topic “Diversity, distribution of fishes and threats in the freshwater bodies of Koraput in Eastern Ghats of Odisha”.
  • Supervised by Prof.Sharat Kumar Palita, Dean of School of Biodiversity and Conservation of Natural Resources of CUO, Koraput.

World Voice Day 2023 – April 16World Voice Day (WVD) is annually observed across the globe on April 16 to celebrate the phenomenon of voice and raise awareness about the importance of voice. The day also raises awareness of issues affecting the health of the voice.

  • World Voice Day 2023 was observed on 16th April 2023 under the theme/motto “Your Voice Matters”.

The theme for WVD was chosen by members of the American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS) Voice Committee.
Background:
i. World Voice Day was initiated by the Brazilian Society of Laryngology and Voice in 1999, and the first World Voice Day was observed as Brazilian Voice Day on 16th April 1999.

  • The day was later recognised as a global awareness day after the members of the Academy’s Speech, Voice, and Swallowing Disorders Committee

ii. In 2002, Professor Mario Andre, a Portuguese laryngologist and the president of the European Laryngological Society, proposed the idea of celebrating the day as a global event.
Note: Since the day’s inception in 2002, the AAO-HNS has sponsored the World Voice Day celebration in the United States of America (USA).
About the American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS):
President- Kathleen L. Yaremchuk
Headquarters- Alexandria, Virginia, USA
Establishment- 1896


World Hemophilia Day 2023 – April 17 World Hemophilia Day is annually observed across the globe on 17th April to create awareness about Hemophilia, an inherited bleeding disorder in which the blood does not clot properly.
17th April 2023 marks the 34th World Hemophilia Day. 

  • The annual observance of the day is organised by the World Federation of Hemophilia(WFH).

The theme of  World Hemophilia Day 2023 is “Access for All: Prevention of bleeds as the global standard of care”. 
About  World Federation of Hemophilia (WFH):
The World Federation of Hemophilia (WFH) is a non-profit organization dedicated to improving and sustaining care for people with inherited bleeding disorders
President– Cesar Garrido(Venezuela)
Chief Executive Officer (CEO)– Alain Baumann
Headquarters– Montréal, Québec, Canada


AP Government changes Name of Greenfield Seaport in Srikakulam

On 16th April 2023, the Andra Pradesh (AP) Government renamed the Bhavanapadu Port as “Mulapeta Port”, respecting the sentiments of local villagers in Srikakulam district, AP.
Y S Jagan Mohan Reddy, Chief Minister (CM) of AP, will lay the foundation stone for the greenfield port on April 19.

  • The AP government took this decision as farmers from Mulapeta and Vishnuchakram villages requested the name change since Bhavanapadu village has no scope in the proposed port area, considering all the lands of Mulpeta and some from Vishnuchakram have been earmarked for acquisition.
  • Lathkar Srikesh Balajirao, Indian Administrative Service (IAS) of Srikakulam district, laid the proposals for renaming Greenfield Port, since the total land and the project displaced families belong to Mulapeta and Vishnuchakram villages and not Bhavanapadu.

Current Affairs- 17 February 2023

Union Cabinet Approvals: February 15, 2023The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the following proposals which were detailed by Union Minister Anurag Singh Thakur, Ministry of Information & Broadcasting (I&B):
i.The Union Cabinet has approved the signing of Memorandum of Understanding (MoU) between the New Delhi (Delhi) headquartered Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants in England & Wales (ICAEW) in London, United Kingdom (UK).
ii.The Union Cabinet has approved the signing of MoU between India and South Africa for cooperation in the Disability Sector which will benefit Persons with Disabilities (PwDs) at large and ageing population in both countries.
iii.The Cabinet has also approved the signing of MoU between GoI and Chile for cooperation in the field of Agriculture and Allied sectors.
iv.The Union Cabinet has approved the Centrally Sponsored Scheme (CSS)- Vibrant Villages Programme (VVP) for FY 2022-23 to 2025-26, the action plan for which i.e. Vibrant Village Action Plans, will be created by the district administration with the help of Gram Panchayats.
v.Ministry of Cooperation (MoC) has formulated a plan to establish 2 lakh Primary Agriculture Credit Societies (PACS) over the next 5 years.
vi.The Cabinet Committee on Security (CCS) approved the raising of seven new battalions of the Indo-Tibetan Border Police (ITBP) force by 2025-26.


MoYAS, NIPER Hyderabad and FSSAI Signed Tripartite MoU to Address Doping Problem in SportsOn 15th February 2023, the Ministry of Youth Affairs & Sports(MoYAS), Government of India, Food Safety and Standards Authority of India (FSSAI) and National Institute of Pharmaceutical Education & Research, Hyderabad (NIPER Hyderabad) signed a tripartite Memorandum of Understanding (MoU) to create nutritional supplement testing capacity in India.

  • This MoU is a part of the efforts to address the doping problems in sports and to awareness about the risks associated with the use of nutritional supplements.
  • The MoU also aims to increase research opportunities in the clean sport and anti-doping domain and to provide options for safe and dope-free nutritional supplements for sports persons.

Signatories: 
The MoU was signed at the Office of the Department of Pharmaceuticals, Shastri Bhawan, New Delhi, Delhi in the presence of S. Aparna, Secretary, Department of Pharmaceuticals; Sujata Chaturvedi, Secretary (Sports); Ritu Sain, Director General & CEO, National Anti Doping Agency (NADA) and other officials.
Key Points:
i.This tripartite MoU is a form of mutual commitment in compliance with the mandate towards strengthening the field of “Food for Special Dietary Use for Sportspersons”.
ii.Under this partnership, tools for the dissemination of data and information generated by the testing laboratory at NIPER Hyderabad for the benefit of the sports ecosystem and the public in India will be developed.
iii.This will also promote the best practices in the marketing and distribution of supplements in India and educate the athletes about the harmful components in the nutritional supplements which affect their long-term performance.
Additional info:
i.In 2022, the MoYAS, FSSAI and National Forensic Sciences University (NFSU) signed a tripartite MoU to create nutritional supplements testing capacity and research in the country.
ii.MoYAS and NADA are committed to protecting athletes against inadvertent cases of doping.
About Food Safety and Standards Authority of India(FSSAI):
Chairperson– Rajesh Bhushan,
Headquarters– New Delhi, Delhi


IIT Roorkee & CWC sign MoA for establishing ICED in DelhiOn 14th February 2023, the Indian Institute of Technology Roorkee (IIT Roorkee) and Central Water Commission (CWC) signed a Memorandum of Agreement (MoA) for establishing the International Centre of Excellence for Dams (ICED) at IIT Roorkee in Shram Shakti Bhawan, Ministry of Jal Shakti, New Delhi, Delhi.

  • The MoA signing event was chaired by Pankaj Kumar, Secretary of the Department of Water Resources, River Development & Ganga Rejuvenation (DoWR, RD&GR), Ministry of Jal Shakti.

According to the MoA, IIT Roorkee has received a grant of Rs 108.99 crore from the Ministry of Jal Shakti for the establishment of the ICED.
Signatories:

  • Vijay Saran, Chief Engineer of Dam Safety Organisation (DSO) in CWC and Project Director, Dam Rehabilitation and Improvement Project (DRIP) Phase II and III.
  • Prof Akshay Dvivedi, Dean of Sponsored Research & Industrial Consultancy in IIT Roorkee.

Key Highlights:
i. The ICED will focus on different safety and rehabilitation aspects of Dams, like Hydrological, Hydraulic, Structural, Geotechnical, seismic safety evaluation, and reservoir sedimentation & silt control, etc.
ii. ICED is being developed to create manpower with sufficient training and experience in dam safety. It also will be developed to deal with the complete life cycle of the dam in the longer run.
iii. The Indian and overseas dam owners will receive specialised technical help from ICED and Roorkee in the areas of investigations, modelling, research and development, and technical support services.
iv. ICED will conduct applied research, instruction, and technology transfer in dam safety management at the local, regional, national, and international levels,
v. The ICED is envisioned as a world-class, cutting-edge facility that will be the first of its kind to offer leadership, best practices, research, assistance, and training in dam engineering.

  • It will also assist in integrating technological advancements made in other parts of the world and developing solutions that are appropriate for Indian conditions.

vi. The formation of the ICED will empower ‘Make in India’ in dam safety, plus augment advanced research and developing technologies and application products.
About the Central Water Commission (CWC):
CWC is an attached office of the Dept. of Water Resources, RD&GR, Ministry of Jal Shakti,
CWC was formerly known as Central Waterways, Irrigation and Navigation Commission (CWINC).
Chairman- Kushvinder Vohra
Headquarters- New Delhi, Delhi
Establishment- 1945


UDIAI launches new AI/ML Chatbot “Aadhaar Mitra” to Address Aadhaar-Related Queries

The Unique Identification Authority of India (UIDAI) has launched an AI/ML (Artificial intelligence and machine learning)-based new Chatbot called “Aadhaar Mitra” to help people get answers to their queries related to the Aadhaar card.
The chatbot solves the queries like tracking Aadhaar polyvinyl chloride (PVC) status, registering and tracking grievances, and information on enrollment centre location.

  • Consumers can connect to the Aadhaar Mitra chatbot by scanning a unique QR code that has been provided by UIDAI.

‘Nari Shakti’: Indian Navy’s all-women car expedition sets off from NWM to cover 2,300 km over 12 Days

On 14th February 2023, the Indian Navy in association with the Navy Wives Welfare Association (NWWA) is collaborating with M/s Jeep India for the conduct of an All Women Motor Expedition as a tribute to the brave women of India and of the Indian Navy. the rally aims to motivate women to join the Naval Force.

  • The all-women car rally with the slogan ‘She’s Unstoppable’ and tagline ‘Soar High’ started from the National War Memorial in New Delhi and travel to the Longewala War Memorial, Rajasthan and back over 12 days, spanning February 14-25, 2023.

The rally would traverse through Jaipur, Bikaner, Jaisalmer, Longewala, Jodhpur, and Udaipur prior to returning to Delhi covering a distance of 2300 km.


WEO Update: IMF Projects India’s Growth in 2023 at 6.1%; Global growth in 2023 at 2.9%As per the International Monetary Fund’s (IMF) World Economic Outlook (WEO) update, January 2023, growth in India is projected to decline from 6.8% in 2022 to 6.1% in 2023 before rising to 6.8% in 2024.
Key Projections:
i.Global growth: It is projected to reduce from an estimated 3.4% in 2022 to 2.9%  in 2023, then rise to 3.1%  in 2024.

  • The growth forecast for 2023 is 0.2 percentage points higher than predicted in the October 2022 WEO.
  • Global growth projected for 2023 and 2024 is below the historical (2000–19) annual average of 3.8%.

ii.Global Inflation: As per the IMF WEO, global inflation is expected to reduce from 8.8% in 2022 to 6.6% in 2023 and 4.3% in 2024 but between 2017 and 2019 (pre-pandemic period), inflation averaged about 3.5%.

  • Global inflation is predicted to be reduced in 2023 amid average-level economic growth.

iii.WEO Projections year-on-year:

iv.The Russia-Ukraine war and the rise of central bank rates were highlighted as factors constraining economic activity.
v.Global inflation still remains high in the Americas and Europe, whereas it is lower in many parts of Asia.
About International Monetary Fund (IMF)
Headquarters – Washington, D.C, USA
Establishment – 1944
Managing Director – Kristalina Georgieva


RBI Granted in-principle Approval to 32 Existing PAs, 19 New PAs to Operate as Online PAOn 15 February 2023, the Reserve Bank of India (RBI) granted in-principle approval to 32 existing online non-bank Payment Aggregators (PAs) and 19 new PAs to operate as online PAs.

  • Objective: To bring entities that are undertaking online payment aggregation business within the regulatory fold.

Background:
On March 17, 2020, and March 31, 2021, RBI issued “Guidelines on Regulation of Payment Aggregators and Payment Gateways” and instructed the existing online non-bank PAs to apply to RBI for seeking authorisation to act as online PAs under the Payment and Settlement Systems Act, 2007 (PSS Act) by September 30, 2021.
Further, the timeline was extended for all PAs by September 30, 2022.
Key Points:
i.Now RBI has granted in-principle approval to the shortlisted applications to act as online PAs.
ii.Existing PAs: Approved firms under the category of existing PAs include Amazon (Pay) India Private Limited, Google India Digital Services Private Limited, Pine Labs Private Limited, Razorpay Software Private Limited, Reliance Payment Solutions Limited, Zomato Payments Private Limited among others.
iii.New PAs: Approved firms under the category of new PAs include Hitachi Payment Services Private Limited, Juspay Technologies Private Limited, Payment Gateway Solutions Private Limited, Tata Payments Limited, Zoho Payment Technologies Private Limited among others.
iv.The applications of 4 aggregators including  Axis Bank-led Freecharge Payment Technologies Private Limited, PayTM Payments Services Limited, PayU Payments Private Limited , and Tapits Technologies Private Limited were returned by RBI.
Click here to know the full list
Further Regulations:
i.Entities whose applications have been returned are allowed to apply to the RBI within 120 days from the date of return.
ii.The existing PAs are allowed to continue business unless advised otherwise by the RBI.
iii.The new PAs that received in-principle approval are not allowed to commence operations until they are granted ‘authorisation’ under Section 7 of the Payment and Settlement Systems Act, 2007.

  • To get ‘authorisation’, the entity needs to submit to RBI a System Audit Report (SAR) along with a certificate from a Chartered Accountant regarding compliance with the net worth requirement.

SEBI Introduces IOD for filing IPO papers in XBRL formatOn 15 February 2023, the Securities and Exchange Board of India (SEBI) introduced the  Issue Summary Document (ISD) for filing papers pertaining to IPO (Initial Public Offer) and for further issue of securities in XBRL (Extensible Business Reporting Language) format to make available relevant information at the stock exchanges and depositories in a structured manner.

  • SEBI plans to roll out the ISD in a phased manner starting March 1, 2023.

Key Points:
i.XBRLIt is a language for the electronic communication of business and financial data which is used worldwide for business reporting. It is useful in the preparation, analysis and communication of business information.
ii.2 Stages of ISD filing: SEBI has stated 2 stages for ISD filing i.e. in the first stage, the ISD will be filed with pre-issue fields and in the 2nd stage, the ISD will be filed with post-issue fields after allotment is completed.
iii.Prescribed formats were provided by SEBI with a timeline for submission of the details.
iv.SEBI decided to introduce the ISD in XBRL format for Initial Public Offer (IPO), Further Public Offer, further issues — preferential issue, qualified Institutions Placement (QIP), rights issue, issue of American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and Foreign Currency Convertible Bonds (FCCBs), among others.
v.SEBI has directed the Stock exchanges to develop a utility to support the filing of the ISD by submitting entities.
vi.3 phases of introducing ISD:      

  • 1st phase – ISD will be rolled out for public issues of specified securities, for offer documents filed on or after March 1, 2023.
  • 2nd phase – ISD for further issues will be implemented from April 3, 2023.
  • 3rd phase – ISD for open offer, buy-back and voluntary delisting will be implemented from May 2, 2023.

About Securities Exchange Board of India(SEBI):
Headquarters – Mumbai, Maharastra
Establishment – 12 April 1992
Chairperson -Madhabi Puri Buch


Indian Overseas Bank Launched e-BG Facility in Association with NeSLIn February 2023, the Indian Overseas Bank launched e-BG (Electronic Bank Guarantee i.e. BG in a digital mode) scheme in collaboration with the National E-Governance Services Limited (NeSL).
What is e-BG?
The e-BG is an instrument issued by the city-headquartered bank to eliminate the possibility of fraud and manipulation, in which, the bank undertakes to guarantee a specific amount against the non-fulfilment of some action/performance of the applicant.
(In simple terms, it is a promise made by a bank that if a borrower fails to pay a loan, then the bank will take care of the losses.)
Features of e-BG:
i.They are issued instantly in a completely paperless mode with digital stamping and digital signature i.e. replacing the existing issuance of Paper-based bank guarantees through physical stamping and wet signatures which would take 3-5 days.

  • NeSL’s Digital Document Execution (DDE) platform, provides e-Stamp and e-Sign functions.

ii.Thus the real-time issuance of e-BG would enhance transparency and reduce turnaround time from days to minutes. The applicant and beneficiary can instantly view an e-BG on NeSL’s platform.
Prior Launches:

  • In September 2022, HDFC Bank, as the first bank in India, issued an e-BG in partnership with NeSL.
  • In January 2023, the State Bank of India (SBI) also launched e-BG in association with NeSL.

About  National E-Governance Services Limited (NeSL):
NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC).
Headquarters – Mumbai, Maharashtra
Managing Director & CEO – S. Ramann


NSE & CME Group inks pact for Rupee-Denominated WTI Crude Oil and Natural Gas Contracts

National Stock Exchange (NSE) has signed a data licensing agreement with CME Group, the world’s leading derivatives marketplace, for West Texas Intermediate (WTI) crude oil and natural gas contracts.

The agreement will allow the NSE to list, trade and settle rupee-denominated Nymex WTI crude oil and natural gas derivatives contracts for Indian market participants.

  • The addition of the contracts will expand the NSE product offering and its overall commodity segment.
  • NSE has applied to the Securities and Exchange Board of India (SEBI) seeking approval to launch the additional futures contracts.
  • The Nymex WTI Crude Oil and Natural Gas (Henry Hub) contracts are among the world’s most traded commodity derivatives contracts generating interest from across the globe.

2nd Annual Anthem Awards: UNDP’s “Don’t Choose Extinction” Campaign wins 2 Anthem AwardsOn 15th February 2023, The ‘Don’t Choose Extinction’ campaign of the United Nations Development Programme(UNDP) won 2 awards – a gold and silver, under Awareness & Media Categories (Nonprofit), at the 2nd Annual Anthem Awards.

  • Gold winner: under Sustainability, Environment & Climate – Non-Profit Campaign category
  • Silver Winner: under Sustainability, Environment & Climate – Global Awareness Campaign category

2nd annual Anthem Awards:
The winners of the 2nd annual Anthem Awards were announced by the International Academy of Digital Arts & Science (IADAS).

  • During the event, the Special Achievement Awards were also presented to individuals who have dedicated their lives, platform or work to bring attention to some of the most important issues of our time.

About Anthem Awards: 
The Anthem Awards celebrates and champions work across seven core causes: Diversity, Equity & Inclusion; Education, Art & Culture; Health; Human & Civil Rights; Humanitarian Action & Services; Responsible Technology;  and Sustainability, Environment & Climate.
Click here to view all the winners of 2nd annual Anthem Awards and Special Achievement Awards
Note:
The 2nd annual Anthem award winners were selected from 2,000 submissions from over 43 countries around the world.
About UNDP’s ‘Don’t Choose Extinction’ Campaign:
i.The ‘Don’t Choose Extinction’ campaign was launched in October 2021 by UNDP as a response to raising awareness about the climate emergency. The film highlights the negative impact of fossil fuel subsidies on the planet.
ii.The Don’t Choose Extinction’ film features “Frankie the Dino”, a computer-generated Utharaptor dinosaur that urges the members of the UN to avoid the fate of extension by tackling climate change.
iii.The original short film was voiced in 39 languages and features famous actors from around the world and It has been translated into more than 60 languages.
iv.The film has reached an audience of over 2 billion and garnered more than 4,000 media mentions across the globe.
Note: According to new UNDP research, For every dollar pledged to tackle the climate crisis for world’s poor, 4 dollars are spent on fossil fuel subsidies which contribute to the climate crisis.


Scotland’s First Minister Nicola Sturgeon resignsOn 15th February 2023, Nicola Ferguson Sturgeon announced her resignation as First Minister of Scotland and leader of the Scottish National Party (SNP) at a press conference in Edinburgh, Scotland.

  • Nicola Sturgeon will remain in office until her successor was elected and will remain a member of the Scottish Parliament.
  • She was the first female First Minister of Scotland and the first woman to lead any of the devolved United Kingdom (UK) administrations.
  • Nicola Sturgeon, who has been serving as the first Minister of Scotland since 2014, is the longest-serving First Minister of Scotland.

About Nicola Ferguson Sturgeon:
i. Nicola Ferguson Sturgeon was born on 19th July 1970 in Irvine, United Kingdom (UK).
ii. She was a solicitor at the Drumchapel Law and Money Advice Centre in Glasgow, Scotland, and entered the Scottish Parliament as a regional Member of the Scottish Parliament (MSP) for Glasgow in 1999.
iii. She served as the MSP for Govan between 20007 and 2011.
iv. She held the position of Cabinet Secretary for Health and Wellbeing in the government from 2007 to 2012.
v. From 2014 to 2015, she held the position of Cabinet Secretary for Infrastructure, Investment, and Cities, which included responsibility for government strategy and the constitution. She also served as Deputy First Minister of Scotland throughout this period.
vi. In 2014, she became the leader of the SNP and was sworn in as First Minister. She had led the government for eight years now.
About Scotland:
Scotland is a member nation of the United Kingdom. Following devolution in 1999, powers held by the UK Government transferred to the Scottish Parliament and to Scottish Ministers.
First Minister- Nicola Ferguson Sturgeon
Capital- Edinburgh
Currency- Pound sterling


David Malpass to step down as World Bank President

World Bank President David Malpass (66) will step down on June 1, 2023 after more than four years. He was appointed by then United States (US) President Donald Trump in April 2019. His five-year term was due to end in April 2024.

  • His tenure faced global crises such as the Covid pandemic and the Russian invasion of Ukraine, and international economic slowdown but has responded quickly to face these challenges.   

CCI Clears Acquisition of Certain Assets of Jaiprakash Associates by Dalmia CementOn 15th February 2023, the Competition Commission of India (CCI) approved the acquisition of certain assets of Jaiprakash Associates Limited and its associates by Dalmia Cement (Bharat) Limited.
Acquirer: Dalmia Cement (Bharat) Limited
Target Assets (Sellers): Jaiprakash Associates Limited and its associate
Highlights:
i. The proposed combination relates to the acquisition of clinker, cement and power plants belonging to Jaiprakash Associates Ltd and its associates by Dalmia Cement (Bharat) Ltd.
ii. It constitutes an acquisition under the terms of Section 5(a)(i) (A) of the Competition Act, 2002.
Purpose:
i. Dalmia Cement Ltd. intends to produce cement for an entire India with a targeted capacity of 70 to 75 Million Tonnes Per Annum (MTPA) by the Financial Year (FY) 2026-2027 and 110 to 130 MTPA by FY 2030-2031.
ii. The Proposed Combination incorporates the Target Assets with the intention of lowering total debt.

  • Furthermore, the Acquirer’s acquisition of the Target Assets will enable sustainable operations and serve the interests of all stakeholders involved.

About Dalmia Cement (Bharat) Ltd:
i. Dalmia Cement (Bharat) Ltd is a wholly-owned subsidiary of Dalmia Bharat Ltd (DBL), which has been in the business of the manufacture and sale of cement for over 80 years.
ii. DBL, the ultimate parent entity of the Dalmia Bharat Group, engages in the business of the manufacture and sale of cement, the manufacture and sale of sugar, and the provision of refractory services.
About Jaiprakash Associates Limited and its Associates:
i. Jaiprakash Associates Limited and its associates are engaged in the manufacture and sale of clinker, grey cement and thermal power generation in the states of Madhya Pradesh, Uttar Pradesh and Chhattisgarh.
Note: Deals that exceed a certain threshold must be approved by CCI, which monitors unfair business practices and promotes fair competition in the marketplace.


Scientists discovered a New Beetle Species ‘Omorgus Khandesh’ in IndiaScientist Aparna Sureshchandra Kalawate, working with Zoological Survey of India(ZSI), Western Regional Centre (WRC), Pune, Maharashtra,  has discovered a new beetle species of Trogidae family named “Omorgus Khandesh” in India.

  • The beetle was found in the collections of WRC, Pune, Maharashtra.
  • The paper, co-authored by Werner P Strümpher of the Ditsong National Museum of Natural History, Pretoria, South Africa was published in  New Zealand-based journal Zootaxa.

About Omorgus Khandesh:
i.Omorgus Khandesh, a necrophagous(feeds on dead or decaying animal flesh), is also called as keratin beetle.
ii.With the addition of this new species, now there are a total of 14 extant species of Trogidae family in India.
iii.These beetles are also called hide beetles since they cover their body under soil and hide.
iv.They have a bumpy appearance with short, dense setae all over its body.
Significance in forensic science:
i.Omorgus Khandesh is important for forensic science as it helps detect the time of death of an animal or human.
ii.During the decomposition of a body, the blowflies arrive first in the early stages and the arrival of the keratin feeders indicates the final stage.
Key Points:
i.Omorgus Khandesh is mainly associated with bird and mammal nests or burrows and the details of their life histories are poorly known.
ii.When disturbed, these beetles feign death and become motionless.
iii.The new species is morphologically most similar to Omorgus rimulosus.
Note: The newly published paper has redescribed and illustrated Omorgus rimulosus to enable accurate recognition of both species.


Arjuna Awardee & Legendary Indian Footballer Tulsidas Balaram Passed Away

On 16th February 2023, Legendary Indian football player and two-time Olympian  Tulsidas Balaram (Tulsidas Balaraman), an Arjuna Awardee, passed away in Kolkata, West Bengal, at the age of 87.  He was born on 4th October 1936 in Ammuguda village near Secunderabad, state of Hyderabad, British India (Secunderabad, Telangana).
About Tulsidas Balaram:
i. Tulsidas Balaram was considered one of the three pillars who ushered in the Indian football team’s golden era in the 1950s and 60s alongside Chuni Goswami and PK Banerjee.
ii. He made his international debut representing India at the 1956 Melbourne Olympics in Australia. He also competed at the 1960 Olympics in Rome, Italy, and scored India’s first goal of the tournament against Hungary.
iii. He was a part of the Indian Football team that won the gold in the 1962 Asian Games in Jakarta, Indonesia.
iv. Tulsidas Balaram represented the national team 27 times from 1957 to 1963 and scored 10 goals. He retired from his football career in 1963 at the age of 27 and took up coaching and selection.
Awards and Honours:
i. As a captain in 1961, Tulsidas Balaram had the distinction of winning both the Canadian Football League (CFL) and the Indian Football Association (IFA) Shield, when he also won the CFL Golden Boot.
ii. He had also played for Bengal Nagpur Railway (BNR) Football Club, where he won the IFA Shield (1963), and Rovers Cup (1964). Also won 3 Santosh Trophy titles in 1959, 1960 and 1962.
iii. He was awarded the Arjuna Award in 1962 for his contribution to Indian Football.


WB Finance Minister Presents Rs. 3,39,162 Crore Budget for 2023-2024On 15th February 2023, Chandrima Bhattacharya, Finance Minister of West Bengal, presented the Rs. 3,39,162 crore Budget of West Bengal(WB) for the Financial Year 2023-24. The budget focused on farmers, the tea sector, and the potential of WB as a logistics hub and entrepreneurs.
Highlights of WB’s Budget for 2023-2024:
i.The  West Bengal economy is expected to grow at a rate of 8.41% in 2022-2023, which is higher than the expected growth rate of the Indian economy (6.95%). The all-India Index of Industrial Production (Manufacturing) growth during 2022-23 (April to November) is 5.0%, and West Bengal’s growth has been 7.8%.
ii.An additional dearness allowance of 3% for employees of the WB government, including teachers and pensioners.
About West Bengal:
Chief Minister– Mamata Banerjee
Governor– C. V. Ananda Bose
National Park– Singalila National Park; Neora Valley National Park
Wildlife Sanctuary– Jorpokhri Wildlife Sanctuary; Senchal Wildlife Sanctuary


Indore’s Solar Plant Project funded by Rs 720 crore through Green Bonds

Indore Municipal Corporation (IMC) has successfully managed to raise about Rs 720 crores through their green bonds which will be utilized for developing a 60-megawatt solar plant.
The green bonds floated by the Indore Municipal Corporation (IMC) as a public issue for setting up solar power plants have received an overwhelming response from investors and attracted a subscription of around Rs 721 crore.

  • IMC floated the green bonds to raise a total of Rs 244 crore for setting up a 60 MW solar power plant, the first of its kind offering by any civic body in the country in the capital market.
  • The bond attracted a subscription of Rs 661.52 crore on February 10, the first day of its opening, and reached Rs 720.75 crore by the time it closed on 14th February 2023. This is almost six times more than the base price of the issue of Rs 122 crore.

Current Affairs- 16 February 2023

Boeing launches its 1st Global Support Center in India at Gurugrami.On February 13, 2022, the United States (US) aerospace company Boeing launched its first Global Support Center (GSC) in India at Gurugram which will offer customized safety and efficiency projects for Boeing’s airline customers, regulatory bodies, and other stakeholders.
ii.It will also transfer knowledge to enhance safety and efficiency for airline partners in India.
iii.It also plans to invest in a new logistics center to cater to its regional customers. In the initial phase of the operations, the India logistics centre will focus on supporting airline customers.
iv.Seven teams comprising university students and early stage start-up entrepreneurs became the winners of Boeing University Innovation Leadership Development (BUILD) program 2022-23.
About Boeing India:
President– Salil Gupte
Headquarters– Bengaluru, Karnataka


PMC & TGBL partners to set up India’s 1st Solid Waste to Hydrogen plant in Pune Pune Municipal Corporation (PMC), has partnered with TheGreenBillions Limited(TGBL), to set up India’s first solid waste-to-hydrogen plant in Hadapsar Industrial Estate in Pune, Maharashtra, at an investment of Rs 350 crore.

  • TGBL will spend an additional Rs 82 crore to construct the storage facility and logistics support.
  • TGBL has entered into a  30-year-long agreement with PMC to set up this plant.

Aim:
To demonstrate the technological and financial feasibility of waste-to-hydrogen generation.
About Pune’s solid waste-to-hydrogen plant: 
i.Broadcast Engineering Consultants India Limited (BECIL), a Mini Ratna enterprise under the Ministry of Information and Broadcasting(MIB), will provide project management consulting and Variate Pune Waste to Energy Pvt Ltd, a wholly-owned subsidiary of TGBL, will implement the project of converting Pune’s municipal non-recyclable waste into hydrogen.
ii.Bhabha Atomic Research Institute and the Indian Institute of Science(IISc), Bengaluru, Karnataka, offer technological support to the plant.
Key Points:
i.This is India’s first attempt to extract hydrogen from waste.
PMC will provide Rs 347 per tonne to TGBL as a tipping fee to treat the waste.
ii.The entire plant is set to be completed by November 2024 and the 1st 10-tonne reactor will be installed by November 2023.
iii.The refuse-derived fuel(RDF) from the waste will be used to generate hydrogen using plasma gasification technology.
iv.By 2024, will treat around 350 tonnes of solid waste every day and produce 10 tonnes of hydrogen.
Benefits:
i.With this project, Pune will reduce up to 2.5 million MT of carbon emission, more than 3.8 million metric tons(MT) of waste will be diverted from the landfill, and more than 180,000 estimated households will be served directly.
ii.Municipal solid waste (MSW) dumped in low-lying urban areas will be diverted and save around 25.16 hectares of land per year.
iii.The wet waste from the facility, which will be segregated using an optical sensor technology at the facility, will be used to generate humic acid-rich bio-fertilisers, which are better than conventional bio-fertilisers with low carbon emissions.
About Maharashtra:
Chief Minister– Eknath Shinde
Governor– Ramesh Bais
National Park– Sanjay Gandhi National Park; Pench (Jawaharlal Nehru) National Park
Wildlife Sanctuary– Nagzira Wildlife Sanctuary, Chikhaldara Wildlife Sanctuary


Indian Army undertakes Multiple Welfare Activities under Operation Sadbhavana in Ladakh, J&K

The Indian Army is undertaking multiple welfare activities such as the running of Army Goodwill Schools, Infrastructure Development Projects & Education Tours etc, for the children living in remote areas of the Union Territory (UT) of Ladakh, Jammu & Kashmir (J&K) as part of ‘Operation SADBHAVANA’.

  • In Ladakh, the Indian Army is now operating 7 Army Goodwill Schools (AGS) under “Operation Sadbhavana” to improve the standard of education and provide students with a quality education. More than 2,200 Students are currently studying in these schools.
  • During the current fiscal year 2022–2023, funds for “Operation SADBHAVANA” totalling Rs 8.82 crore have been allocated for Ladakh.

Global Sea Level Rose by 4.5 mm per year during 2013-22 period: WMOAccording to the World Meteorological Department (WMO), Global mean sea level rose by 4.5 millimeters (mm) per year during the period 2013-22. WMO stated that Human influence played a major role in the increases in sea levels since 1971.
Rise in Sea Level: 
i.Global mean sea level increased by 0.20 m between 1901 and 2018 and the average rate of sea level rise was 1.3 mm per year between 1901 and 1971, 1.9 mm per year between 1971 and 2006, and 3.7 mm per year between 2006 and 2018
ii.Since 1900, the sea level has been increasing faster than any preceding century in the past 3000 years.
iii.Since the end of the last deglacial transition(around 11000 years ago), the temperature of the global oceans has increased faster in the past century.
Expected increase in sea level: 
Over the next 2000 years, if the warming is limited to 1.5 degrees, the global mean sea level will rise by about 2 to 3 meters and 2 to 6 meters, if the warming is limited to 2-degree celsius and 19 to 22 meters with 5 degrees of warming.
Threats imposed by increasing sea level:
i.The increasing sea level threatens the low-lying small islands across the globe. It also poses a major threat to countries like India, China, Netherlands and Bangladesh which has a large coastal population.
ii.According to WMO’s report, major cities across all continents such as Mumbai, Shanghai, Dhaka, Bangkok, Jakarta, Maputo, Lagos, Cairo, London, Copenhagen, New York, Los Angeles, Buenos Aires and Santiago, are threatened due to increasing sea level. This will be a major economic, social and humanitarian challenge.
iii.If the global sea mean level rises by 0.15 meters relative to 2020 levels, the population exposed to a 100-year coastal flood is estimated to increase by 20%. This will double at a 0.75-meter rise and triple at a 1.4-meter rise.
iv.The rising sea level threatens lives, and access to water, food and health care, while saltwater intrusion will affect the economies and industries like agriculture, fisheries and tourism.
Key Points:
The 2015 Paris Agreement aims to limit global warming to less than 2 degrees Celsius above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5 degrees Celsius.

  • Global temperature has increased by around 1.1 degree Celsius compared with the average in 1850-1900.

About World Meteorological Organization(WMO):
WMO is a specialized agency of the United Nations(UN).
President– Gerhard Adrian
Sectreaty General– Petteri Taalas
Headquarters– Geneva, Switzerland
Membership– 193 Member States and Territories


HARBINGER 2023 Innovation for Transformation: RBI announces 2nd Global HackathonOn February 14, 2023, the Reserve Bank of India (RBI) launched its 2nd global hackathon ‘HARBINGER 2023 – Innovation for Transformation’ on the theme ‘Inclusive Digital Services’.

  • Registration for the hackathon starts from February 22, 2023.

It invites innovative ideas for the following problem statements:
i. Innovative, easy-to-use, digital banking services for differently abled (Divyaang).
ii. RegTech solutions to facilitate more efficient compliance by Regulated Entities (REs).
iii. Exploring use cases/solutions for CBDC-Retail transactions, including transactions in offline mode.
iv. Increasing Transactions Per Second (TPS)/ throughput and scalability of blockchains.
Key Points:
i.The winner gets Rs 40 Lakh and Runner-Up Rs 20 Lakh.
ii.It also gives an opportunity to the participants to get mentored by industry experts and exhibit their innovative solutions before an eminent jury and win exciting prizes in each category.
iii.The first hackathon was announced in November 2021 and results were declared in June 2022. It had received 363 proposals submitted by teams from within India and from 22 other countries including the US, UK, Sweden, Singapore, Philippines, and Israel.


January 2023: India’s WPI inflation eases to 2-year low of 4.73%; CPI inflation rises to 3-month high at 6.52%As per the data released by the Ministry of Commerce and Industry, India’s annual rate of a wholesale price index (WPI)-based inflation in January 2023 (provisional) was eased to a two-year low of 4.73% from 4.95% in December 2022.

  • Considering the month-on-month change the WPI index increased by 0.13% in January 2023 as against a contraction of 1.12% in December 2022.
  • The decrease in the rate of inflation in January 2023 was mainly due to a fall in the price of mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, and food products.
  • The rate of inflation based on the WPI Food Index increased from 0.65% in December 2022 to 2.95% in January 2023.

Note – The WPI inflation is reducing for the eighth consecutive month.  The DPIIT releases WPI in India on monthly basis on the 14th of every month (or the next working day).
All India WPI based inflation Rate:

  • India measures inflation based on two indices such as the WPI and CPI.
  • The WPI captures prices at the level of production or manufacturing, taking into account goods traded between companies. Manufactured goods constitute a major part of the WPI.
  • The CPI measures prices at the retail consumer level. Food items constitute a major part of the CPI.

EbixCash becomes 1st Entity in India to enable UPI Transactions for Foreign NationalsEbixCash World Money Limited, a subsidiary of US-based Ebix Inc, became the first company in India to launch the Unified Payments Interface (UPI) transactions for foreign nationals visiting India.
Background:

  • In February 2023, under its Monetary policy, the Reserve Bank of India (RBI) proposed to permit all inbound travellers to India to use UPI for their merchant payments (P2M) while they are in India.
  • Initially, it was planned to be extended to travellers from G-20 countries arriving at select international airports.

Facility for NRIs:

  • In January 2023, the NPCI approved UPI transactions for non-resident bank accounts such as Non-Resident External (NRE) and Non-Resident Ordinary (NRO) linked to international mobile numbers.
  • Initially, transactions from mobile numbers of Non-resident Indians (NRIs) from 10 countries would be allowed: Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States of America (USA), Saudi Arabia, the UAE, and the United Kingdom (UK).

Key Points:
i..EbixCash has become the first entity to enable UPI services for foreign delegates attending the G-20 summit. It plans a pilot launch in Bangalore at the G-20 summit.
ii.It is a leading player in India’s airport and seaport Money Exchange business with retail kiosks in 20 international airports, and 12 seaports.
iii.The launch of UPI for exchanging currencies across airports in India would enable passengers to convert their foreign currency into digital Indian currency, with a UPI interface to pay for goods and services across the country.
EBIXCASH World Money Limited
Headquarters– Mumbai, Maharashtra
Whole-Time Director – Guruprasad T. Chandrashekaran


CCI Approves Acquisition of Certain Equity Share Capital of LT Foods Limited by SIICOn 14th February 2023, the Competition Commission of India (CCI) approved the acquisition of a certain equity share capital of LT Foods Limited, a subsidiary Daawat Foods Limited (DFL), by SALIC International Investment Corporation (SIIC), under Section 31(1) of the Competition Act, 2002.
Acquirer: SALIC International Investment Corporation (SIIC)
Targets: LT Foods Limited (LT Foods) and Daawat Foods Limited (DFL)
Highlights:
i. The SIIC proposes to acquire certain equity share capital of LT Foods along with certain affirmative rights amounting to control.
ii. The Proposed Transaction is notified under Section 6(2) read with Section 5 of the Competition Act, 2002 (as amended) (“Act”).
About SALIC International Investment Corporation (SIIC):
i. Riyadh (Saudi Arabia)-based SALIC International Investment Corporation (SIIC) is an unlisted limited liability company.

  • SIIC is owned and controlled by the Saudi Agricultural and Livestock Investment Company (SALIC).

ii. SALIC is an investment company having stakes in various international companies that specialise in agriculture and the selling of food commodities both in Saudi Arabia and internationally.
iii. The agri-business of SALIC is focused on farming, procurement, and importing goods into the Kingdom of Saudi Arabia.
About LT Foods Limited: 
i. LT Foods Limited (LT Foods), a 70-year-old consumer food company, is engaged in the speciality rice-based foods business across the globe.

  • Daawat Foods Limited is a subsidiary of LT Foods (DFL).

ii. The basmati and other speciality rice business of LT Foods and DFL in India are led by brands like Daawat and other local brands like Heritage, Devaaya, Chef Secretz, Rozana, etc. that serve varied client portfolios ranging from value to premium consumers.


Indian Army, ADRIN signs MoU to co-develop niche technology The Indian Army signed an MoU with Advanced Data Processing Research Institute (ADRIN) at ISRO (Indian Space Research Organisation) to co-develop niche technology and end products duly aligned to the dynamic requirements of the Indian army.

  • Under the MoU, more importance will be given to the collaborative development of multi-domain technology-driven capabilities aligned with the needs of the Indian Army.
  • ADRIN, Department of Space will develop technology that will facilitate real-time situation awareness and rapid decision-making.
  • ADRIN is located in Secunderabad, Telangana and its Central Public Information officer was Anurag Shukla.

Note – Recently, the Ministry of Defence (MoD) signed a contract with Larsen & Toubro(L&T) to procure 41 indigenous Modular Bridges for the Corps of Engineers of the Indian Army.
About Indian Army:
Headquarters– New Delhi, Delhi
Established – April 01, 1895
Chief of the Army Staff – General Manoj Pande


Aero India 2023: Garuda Aerospace unveils its Solar-Powered Drone SURAJOn 15th February 2023, drone startup Garuda Aerospace Private Limited unveiled its  “SURAJ”, a solar-powered unmanned reconnaissance J-Glider, at Aero India 2023, which is being held from 13th to 17th February at the Air Force Station, Yelahanka, Bengaluru, Karnataka.

  • SURAJ, an Intelligence, Surveillance and Reconnaissance (ISR)high-altitude drone, is designed specifically for surveillance operations, providing high command real-time data and protecting jawans on the ground.
  • The 1:1 prototype of SURAJ will be ready to fly by August 2023.

About the SURAJ: 
i. SURAJ will carry a versatile payload of high-resolution zoom cameras with thermal imagery and foliage-penetrating lidar sensors with a maximum capacity of 10 Kilograms(Kg).

  • This will capture, process, and transmit photos and videos in real time and ensure access to vital information before planning strategic operations and terms.

ii. Its J-shaped wings are equipped with solar-powered cells that serve as its main fuel source, while an auxiliary battery offers additional propulsion or reduced speed as required.

  • It can fly at an altitude of 3,000 feet for 12 hours.

iii. According to Garuda Aerospace, SURAJ is set to support various Indian and global giants, including the Indian Army, Navy, Air Force, Border Security Force (BSF), Central Reserve Police Force (CRPF), Central Industrial Security Force (CISF), Indo-Tibetan Border Police (ITBP), Defence Research and Development Organisation (DRDO), Ministry of Defence (MOD), and Ministry of Home Affairs (MHA).
About the Garuda Aerospace Pvt Ltd:
Founder and Chief Executive Officer (CEO)- Agnishwar Jayaprakash
Headquarters- Chennai, Tamil Nadu
Establishment- 2015


1st Sundarban Bird Festival: 145 bird species spotted in Sundarban Biosphere ReserveWildlife enthusiasts and forest officials have sighted 145 different bird species during the first-ever Sundarban Bird Festival, organised by the Sundarban Tiger Reserve (STR) and South 24 Parganas division of West Bengal Forest Department.

  • The birds were sighted by 6 teams that visited different parts of the Sunderban Biosphere Reserve during the 2-day exercise.
  • The Sundarban Bird Festival was held from 7th to 10th February 2022 at Sajnekhali Beat Complex, Sundarban Tiger Reserve.

145 bird species spotted in Sundarban:
i.The 145 bird species sighted in the Sundarban include 78 forest birds, 42 species of waders, 12 species of raptors, six species of waterfowl and seven other bird species.
ii.During the festival, the birders spotted 7 out of the 9 species of kingfishers found in Sundarban.

  • Note: A total of 12 kingfisher species are found in India and 9 of them are found in the mangroves of Sundarban.

iii.Birds like Eurasian curlew, lesser sand plover and brown hawk owl were spotted during the festival.
iv.Around 86 species were spotted in the core zone, 128 species were spotted in the buffer zone and 71 were spotted outside the protected area.
Key Points:
According to various studies by the Zoological Survey of India(ZSI) and a publication titled “Birds of Sundarban Biosphere Reserve” 428 bird species are documented in the Sundarban biosphere reserve.
Sundarbans: 
i.Sundarbans National Park, a national park, tiger reserve and biosphere reserve in West Bengal, India, houses the largest population of Bengal Tigers (endangered species).
ii.The Sundarbans, located between India and Bangladesh, is the largest single block of tidal, halophytic mangrove forests in the world.
iii.It is an alluvial archipelago of 54 islands formed by the rivers Ganga and Brahmaputra.


Khelo India Winter Games 2023 held in Gulmarg in J&K; J&K Tops Medal Tally with 76 medalsThe 3rd edition of Khelo India Winter Games, KIWG 2023, a 1st of a kind multi-sport competition of India, was held in Gulmarg, in Baramulla District of North Kashmir, Jammu and Kashmir(J&K) from 10th to 14th February 2023.

  • Nisith Pramanik, Union Minister of State(MoS), Ministry of Youth Affairs and Sports(MoYAS), chief guest of the closing ceremony of KIWG 2023, distributed the medals among the winners.

J&K Topped the Medal Tally with 76 medals: 
i.J&K topped the medal tally of KIWG 2023 with 26 Golds, 25 silvers and 25 bronze, a total of 76 medals.

  • With the highest number of gold medals at the end of the meet, J&K was declared the winner of KIWG 2023.

About Ministry of Youth Affairs and Sports:
Union Minister– Anurag Singh Thakur(Constituency- Hamirpur, Himachal Pradesh)
Minister of State– Nisith Pramanik(Constituency- Coochbehar, West Bengal)


5th edition of Khelo India Youth Games held in Madhya Pradesh; Maharashtra tops Medal TallyThe 5th edition of Khelo India Youth Games (KIYG 2022) hosted by Madhya Pradesh was held from 30th January to 11th February 2023. Maharashtra won the overall championship and topped the medal tally of the Khelo India Youth Games 2022 with 161 medals (56 gold, 55 silver, and 50 bronze).

  • Haryana (40 golds) and Madhya Pradesh (39 golds), were ranked 2nd and 3rd, respectively.
  • Madhya Pradesh was the 5th Indian State to host the Khelo India Youth Games.
  • The sporting events were held at 11 venues in different cities in the state of Madhya Pradesh and New Delhi (for Track Cycling).
  • At KIYG 2023, 11 athletes from various sports set a total of 15 new youth national records.

About the Ministry of Youth Affairs and Sports:
Union Minister- Anurag Singh Thakur (Constituency- Hamirpur, Himachal Pradesh)
Minister of State- Nisith Pramanik (Constituency- Coochbehar, West Bengal)


Pakistani cricketer Kamran Akmal announces Retirement from All Forms of Cricket

On 14th February 2023, Kamran Akmal, (41-year-old) Pakistan wicketkeeper-batter, announced his retirement from all forms of cricket.
Recently, he was appointed as the chair of the Pakistan Cricket Board(PCB)’s selection committee for the national men’s Uner 19(U19). He is also appointed as a member of the selection committee for the national men’s senior headed by Haroon Rashid.  .

  • He made his test and One Day International (ODI) in 2002 and his Twenty20 International (T20I) debut in 2006.
  • He represented Pakistan in 53 Tests, 157 ODIs and 58 T20Is with 6871 runs across formats, including 11 centuries. 
  • He was part of the Pakistan team that won the  T20 World Cup in 2009.
  • During the inaugural edition of the Indian Premier League (IPL) (2008), Kamran Akmal played 6 games for Rajasthan Royals (RR).
  • He has been added to the coaching staff of Peshawar Zalmi, a Pakistani franchise T20 cricket team, in preparation for the Pakistan Super League (PSL) 2023.

FIFA World Cup 2026: FIFA confirms US, Canada, Mexico Automatic Qualification

The Men’s National Football team of the United States (US), along with those of Mexico and Canada, will automatically qualify for the 2026 FIFA (Fédération Internationale de Football Association) World Cup finals. The 3 countries won the right to host the World Cup in a united North American bid.

  • This is the 1st time FIFA has had to set aside three host bids. The tournament is set to expand from 32 teams to 48 in 2026.
  • Under the new rules, there are 3 more spots left for the Confederation of North, Central America, and Caribbean Association Football (CONCACAF) teams beyond the three hosts for six in total.

Saudi Arabia has been named the host of the FIFA Club World Cup 2023, scheduled to take place from 12-22 December 2023.


Toyota Motor Corporation Chairman Shoichiro Toyoda Passed Away

On 14th February 2023, Shoichiro Toyoda, the Chairman of Toyota Motor Corporation, passed away in Aichi, Japan at the age of 97. He was born on 27 February 1925 in Aichi, Japan. Shoichiro Toyoda was the eldest son of Kiichiro Toyoda, who founded Toyota in 1937.

  • Shoichiro Toyoda joined Toyota in 1952 and has served in various positions.
  • He become the President of Toyota, a Japanese multinational automotive manufacturer, in 1982.
  • He was the Chairman of the company from 1999 till his demise.

International Childhood Cancer Day 2023 – February 15International Childhood Cancer Day (ICCD) is annually observed across the globe on February 15 to raise awareness about childhood cancer and to express support for children and adolescents who have the disease, the survivors, and their families.

  • The primary message or theme of International Childhood Cancer Day 2023 is ‘Better Survival’ is achievable .

Background:
i. ICCD, a global campaign, was established in 2002 by Childhood Cancer International(CCI), a global network of 183 parent organizations, childhood cancer survivor associations, childhood cancer support groups, and cancer societies,  in over 94 countries, across 5 continents.
ii. ICCD’s founding organisations are CCI and its collaborating partner, the International Society of Pediatric Oncologists, or Société Internationale d’Oncologie Pédiatrique (SIOP).
iii. The 1st ever International Childhood Cancer Day was observed on 15th February 2002.
About the World Health Organisation (WHO):
Director General- Dr Tedros Adhanom Ghebreyesus
Headquarters- Geneva, Switzerland
Establishment- 1948


Renault-Nissan Alliance to Invest Rs. 5,300 Crore Over 5 Years, Signs MoU with TN GovtRenault and Nissan, two of the leading manufacturers of automobiles, made an agreement with the Tamil Nadu (TN) government for Rs. 5,300 crore (USD 600 million).

  • In accordance with the agreement, the Renault-Nissan alliance would collaborate together on six new vehicles, including two new completely electric vehicles, for domestic and international customers from their base in Chennai.

i.Out of the six new models, the two firms would create 3 on joint platforms while maintaining the unique, distinctive styling of their own brands.

  • A total of four new C-segment sport utility vehicles (SUVs) will be among them.
  • Renault and Nissan will launch two new A-segment electric vehicles in India.

About Tamil Nadu (TN):
Chief Minister – M.K. Stalin
Governor – Ravindra Narayana Ravi
National Park – Mukurthi National Park; Mudumalai National Park

Today’s Deals on Amazon

Current Affairs- 18 April 2023

FAO: Closing gender gap in agri-food systems can boost global economy by $1 trillionAs per the ‘The Status Of Women In Agrifood Systems’ released by the Food and Agriculture Organization of the United Nations (FAO), tackling gender inequality in agri-food systems can reduce hunger, boost the economy and reinforce resilience to shocks like climate change and the COVID-19 pandemic.

  • There would be increase in the global gross domestic product (GDP) by 1% or nearly $1 trillion if there is no gender gap in farm productivity and the wage gap in agri-food-system employment.
  • Currently, Women earn 82 cents for every dollar earned by men.
  • Globally, 36% of working women are employed in agrifood systems, along with 38% of working men.

Note: The report is the first of its kind since 2010 (State of food and agriculture (SOFA) 2010–11: Women in agriculture – Closing the gender gap for development). It goes beyond agriculture to provide a comprehensive picture of the status of women working across agri-food systems — from production to distribution and consumption.
Highlights:
i.Prioritizing women in development interventions for small-scale producers could benefit 58 million people with increased income and 235 million people with greater resilience. This could also reduce global food insecurity by 2%, impacting 45 million individuals.
ii.Nearly 4 billion individuals depend on agri-food systems as their main source of livelihoods, with approximately half of them being women who face barriers to realizing their full potential such as inequality and discrimination, marginalized and denied agency, work in poorer conditions with lower wages, unpaid work, among others.
iii.Since the outbreak of COVID-19, the gap between women’s and men’s food security has grown to 4.3 percentage points in 2021 from 1.7 percentage points in 2019.
iv. Although 75% of agriculture and rural development policy documents from 68 countries acknowledge the roles and challenges faced by women, a mere 19% of these policies include gender-related goals..
v.Women need more access to and control over the livestock, water, seeds, land, technology, and finance needed to grow their livelihoods.


India, Japan &France Launch Common Platform for Sri Lankan Debt Restructuring ProgrammeIndia, Japan, and France announced a common platform for talks among creditors to address the debt restructuring programme of Sri Lanka, the country which was hit by an unprecedented financial crisis since 2022.

  • The representatives of the three creditor countries, the Finance Minister (FM) Nirmala Sitharaman (India), FM Shunichi Suzuki (Japan), French Director General of the Treasury Emmanuel Moulin, held a press briefing on the margins of the annual spring meetings of the World Bank and the International Monetary Fund (IMF) in Washington DC , United States
  • Under the platform, the representatives will demonstrate the multilateral cooperation regarding the debt restructuring process among the creditors, together with Sri Lanka.

Key Points:
i.Finance Minister Nirmala Sitharaman expressed India’s commitment to supporting Sri Lanka in dealing with its current economic crisis.

  • She emphasised the need for collaboration among creditors to ensure transparency and equality in the debt restructuring discussions.

ii.Sri Lankan President, Ranil Wickremesinghe who joined the conference virtually at the press conference mentioned the agreement with the IMF in March 2023 for USD 2.9 billion bailout.
iii.The IMF’s Executive Board approved a 48-month extended arrangement under its Extended Fund Facility (EFF) with an amount of SDR 2.286 billion to Sri Lanka following financing assurances from the creditors.
iv.Sri Lanka owes USD 7.1 billion to bilateral creditors, with USD 3 billion owed to China, USD 2.4 billion to the Paris Club (France) and USD 1.6 billion to India.
Note – Sri Lanka was hit by an unprecedented financial crisis in 2022, the worst since its independence from Britain in 1948, due to a severe paucity of foreign exchange reserves, sparking a major political and humanitarian crisis in the island nation.


SEBI Issued Framework on Upfront Contribution by Issuers for LPCC’s Settlement Guarantee Fund On April 13, 2023, the Securities and Exchange Board of India (SEBI) released a new framework for the upfront collection of amounts as charges from eligible issuers at the time of allotment of debt securities to build the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation (LPCC).

  • The new framework will come into force from May 1, 2023.

Background:
i.As a well-functioning repo market contributes to the development of the debt securities market, on September 29, 2020, the SEBI board permitted the setting up an LPCC for clearing and settling repo transactions in debt securities.

  • The board also allowed collecting 0.5 basis points of the issuance value of  debt securities per annum upfront prior to the listing of such securities to build the Settlement Guarantee Fund of the LPCC.

ii.With respect to that, AMC Repo Clearing Limited (ARCL) has been granted recognition as LPCC by SEBI.

  • The Reserve Bank of India (RBI) also provided necessary approvals to ARCL to offer central counterparty services for repo transactions in debt securities.

About the Framework:
i.As per the framework the eligible issuers shall be notified by the LPCC as per its risk management policy.
ii.Collection of an amount of 0.5 basis points of the issuance value of debt securities per annum based on the maturity of debt securities by the Stock Exchanges will be held and placed in an escrow account prior to the allotment of the debt securities.

  • The amount is applicable on a public issue or private placement of debt securities under the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021.

iii.Further the collected amount will be transferred by the Stock exchange to the bank account of the LPCC within one working day of the receipt of the amount and  inform the details of the same to the LPCC.

  • Amount details will also be disclosed by the Stock Exchanges on their websites.

Note – The framework was issued in the exercise of powers under Section 11(1) of the SEBI Act,  1992.
About Securities Exchange Board of India(SEBI):
Chairperson -Madhabi Puri Buch
Headquarters – Mumbai, Maharastra
Establishment – 12 April 1992


CGTMSE Increased Guarantee Coverage for MSEs from Rs 2 crore to Rs 5 croreThe Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) increased the guarantee coverage ceiling under its Credit Guarantee Fund Scheme for MSEs from Rs 2 crore to Rs 5 crore per borrower for credit facilities extended by lending institutions to Micro and Small Enterprises (MSEs).
Key Points:
i.The changes are made with respect to the reduction in the loan growth to the MSE segment to 13.2% year-on-year (y-o-y) (as on February 24, 2023) from 24% y-o-y (as on February 25, 2022).
ii.Threshold for waiver of legal action was enhanced to Rs10 lakhs from the existing Rs 5 lakhs.
iii.The scheduled commercial banks’ credit to MSEs, as on February 24, 2023, stood at Rs 5,87,494 crore compared with Rs 5,18,873 crore as on February 25, 2022.
About Ministry of Micro, Small and Medium Enterprises:
Union Minister – Narayan Tatu Rane (Rajya Sabha Maharashtra)
Minister of State (MoS) – Bhanu Pratap Singh Verma (Jalaun,Uttar Pradesh)


Citi India completes first blockchain-enabled LC transaction on Contour

Citibank India (Citi India) has completed its 1st blockchain-enabled Letter of Credit (LC) transaction on Contour Pte. Ltd (Contour) for its client Cummins India Limited (Cummins), a diversified industrial manufacturing company.
The transaction is the 1st for both Cummins and Citi India on Contour. Citi is a founding member bank of Contour..

  • Contour is a global digital trade finance network powered by blockchain technology, that enables multiple parties, including corporations, and logistics partners, to work together smoothly and securely in real time on a single platform.
  • The decentralised global trade finance network of Contour has proven that LC processing times can be reduced by up to 90%.
  • Document presentation under the LC usually takes 5–10 days, however, it was finished in 3 hours for Cummins. On Contour, this was the 1st domestic end-to-end blockchain-enabled LC transaction to be successfully executed.

Citi, through its Treasury and Trade Solutions (TTS) business in India, served as both LC Advising and Issuing Bank.


US Became India’s biggest Trading Partner in FY23 Followed by China  According to the data of the Ministry of Commerce, the United States (US) has emerged as India’s biggest trading partner in the financial year 2022-23 (FY23) at USD 128.55 billion followed by China in the second position at US$15.32 billion.

  • The bilateral trade between India and the US has increased by 7.65% in FY23 due to increasing economic co-operation as against USD 119.5 billion in FY22. It was USD 80.51 billion in FY21.
  • Followed by US and China, the UAE with US$76.16 billion, was the third largest trading partner of India. It was followed by Saudi Arabia (US$52.72 billion), and Singapore (US$35.55 billion).

Key Points:
i.Exports to China decreased by 28% in FY23, whereas the imports increased by 4.16% to $98.51 billion in FY23. The Trade gap increased to $83.2 billion in FY23 as against $72.91 billion in FY22.
ii.The increase in bilateral trade between  India and US was expected to continue in further years too.
iii.In FY23, India had a trade surplus of $28 billion with the US.
iv.Being the world’s third-largest consumer market and the fastest-growing market economy, India provides huge trade opportunities for the US.
Note – As per the Ministry of Commerce data, China was India’s top trading partner since FY14 till FY18 and also in FY21. Before China, the UAE was the India’s largest trading partner.


WPI Inflation eases to 30-month low in March 2023 on Easing Input Prices

According to the Index Numbers of Wholesale Price in India for the Month of March 2023 (Base Year: 2011-12), the annual rate of inflation based on the all-India Wholesale Price Index (WPI) number for the month of March 2023 is 1.34% (Provisional), lower than 3.85% recorded in February 2023.
As input costs continued to decline, India’s annual wholesale-price-based inflation (WPI) decreased to its lowest level in nearly 30 months.

  • In March 2023, the food index rose 2.32% year-on-year (YoY) compared with 2.76% in February 2023, while fuel and power rose 8.96%, slowing from the 14.82% rate.
  • WPI on manufactured products fell 0.28%, compared with a fall of 0.14% in February 2023.

The main factor for the decline in the rate of inflation in March 2023 is by the fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber & plastic products, crude petroleum & natural gas and paper and paper products.


Union Home Minister Amit Shah presented Maharashtra Bhushan 2022 to Dr. Appasaheb DharmadhikariOn April 16, 2023, the Union Minister Amit Shah, Ministry of Home Affairs (MHA) presented Maharashtra Bhushan Award for 2022 to Dr. Appasaheb Dharmadhikari during a public function at Kharghar area in Raigarh district, Maharashtra.

  • Dr. Appasaheb Dharmadhikari was presented with a shawl, a citation and memento and a cheque of Rs 25 lakh, and a 10-feet garland of roses.
  • Notably, he donated all prize money of Rs 25 lakh to the Chief Minister’s (CM) Relief Fund.

Note: Appasaheb is from the Dr. Nanasaheb Dharmadhikari family, an Indian spiritual Guru cum Social Reformer.  This is the first time that the Maharashtra Bhushan award has been given in the same family for the second time. Nanasaheb was awarded with the same in 2008.
Key Points:
i.Appasaheb was a selfless social worker who dedicated his life to serving the community on the slogan of “Let’s March On”, without seeking any recognition and inspired people to work towards positive change.
ii.His work spanned a wide range of social issues, including the betterment of children, the distribution of free educational materials, tree plantation drives, cleanliness initiatives, blood donation camps, and the empowerment of women and tribals. He also played a key role in eradicating superstition and illiteracy.
iii.In 2017, he was recognized with Padma Shri for his outstanding contributions to society.
About Maharashtra Bhushan Award:
Instituted in 1995, it is a highest civilian award presented annually by the Government of Maharashtra State. This award acknowledges the person who has contributed to the social life of Maharashtra.

  • Some of the notable recipients of the award include Lata Mangeshkar, Asha Bhosle, Bhimsen Joshi, Ratan Tata and Sachin Tendulkar.

Participants:
CM of Maharashtra Eknath Shinde, Deputy CM Devendra Fadnavis, among others


59th Femina Miss India World: Rajasthan’s Nandini Gupta crowned Femina Miss India World 2023On 15th April 2023, Nandini Gupta, a 19-year-old, from (Kota)Rajasthan, won the 59th edition of Femina Miss India World 2023 crown in the grand ceremony held at Khuman Lampak Stadium, Imphal, Manipur.

  • Femina Miss India 2022 winner Sini Shetty of Karnataka crowned Nandini Gupta.
  • Nandini Gupta will now represent India at the 71st edition of Miss World (2023), which is to be held in the United Arab Emirates (UAE).

Key Highlights:
i. Hosts– Manish Paul and Bhumi Pednaker
ii. Jury Panel– Femina Miss India Universe 2002 and Mentor Neha Dhupia, ace choreographer Terence Lewis, film director & writer Harshavardhan Kulkarni, boxing icon Laishram Sarita Devi, and distinguished designers Rocky Star and Namrata Joshipura.
iii. Runners-Up– Shreya Poonja of Delhi became the 1st runner-up and Thounaojam Strela Luwang of Manipur was crowned the 2nd runner-up.
iv. A total of 30 contestants from across India competed for the Femina Miss India World 2023 crown.
Note: The ceremony was hosted by Manipur Tourism and co-presented by VLCC & Trends. The event was co-sponsored by Rajnigandha Pearls and co-powered by ORRA Fine Jewellery with the cosmetics partner, Colorbar Made for Magic.
About Nandini Gupta:
Nandini Gupta was born in 2004 in Kaithun, Kota, Rajasthan, and is currently pursuing a course in Business Management at Lala Lajpat Rai College in Mumbai, Maharashtra.


FAA of USA: India’s IASA will continue to be published as Category 1

The Federal Aviation Administration (FAA) of the United States of America (USA) confirmed to the Directorate General of Civil Aviation (DGCA) that India’s International Aviation Safety Assessment (IASA) category will continue to be published as Category 1.

  • The FAA conducted the IASA program over a one-year period which included physical audits from 25 to 29 October 2021, and a further review in July and September 2022.
  • In the recent International Civil Aviation Organization (ICAO) audit conducted in November 2022, India scored an Effective Implementation (EI) of 85.65% from the previous EI of 69.95%.
  • The CAT-1 status denotes an airline’s ability to operate flights, provide services to American cities, and engage in codesharing arrangements with US carriers.     

Fengyun-3G: China launches 1st satellite dedicated to monitoring heavy rainfalls On April 16, 2023, China launched Fengyun (FY)-3G, its first satellite allowing scientists to monitor the Earth’s precipitation from space. It was launched by China’s Long March 4B rocket from the Jiuquan Satellite Launch Center in Northwest China’s Gansu Province.

  • With a lifespan of 6 years (2023 – 2029), FY 3G is dedicated to monitoring heavy rainfalls during catastrophic weather conditions in global regions of low- and mid-latitude i.e. it will forecast global meteorological disasters through its powerful tool.

Note: This satellite is a continuation of the Global Precipitation Measurement mission (GPM) which is led by Japan and the United States (US).
Developer:
Eighth Research Institute under China Aerospace Science and Technology Corporation (CASC), and its ground system is built and operated by the China Meteorological Administration (CMA).
Key Points:
i.The 20th member of the Fengyun series, the FY-3G can accurately sense minute changes in precipitation intensity in the atmosphere, such as the intensity of drizzle at 0.2 millimeters per hour
ii.It can provide information on the 3D structure of precipitation in the Earth’s low- and mid-latitude regions.
iii.Fengyun-3G adopts a Low-Earth Orbit (LEO) with an inclination of 50 degrees and will first head southeast toward China.

  • This track design can help the satellite move between 50 degrees north latitude to 50 degrees south latitude where global rainfalls are concentrated.

iv.The satellites onboards precipitation measurement radar, moderate resolution imaging spectroradiometer, upgraded microwave radiance imager which can receive the 10 to 183GHz microwave radiation energy in the atmosphere and obtain the typhoon’s internal temperatures and humidity structure.
v.China falls within the typhoon activity zone of western North Pacific Ocean and the heavy rainfall and flooding linked to typhoons are more frequent in some Chinese cities.
vi.After the launch, the satellite observation data in China’s global weather prediction model can have an update every four hours with a 3% increase in accuracy.
About China:
Capital– Beijing
Currency– Chinese Yuan


Taifa-1: Kenya launches First Operational Satellite into Space On April 15, 2023, Kenya successfully launched its inaugural earth observation satellite (EOS) ‘Taifa-1’ (Nation-1, in the Swahili language), using a SpaceX Falcon 9 rocket from Vandenberg Base in California, United States (US).

  • Created by a team of nine Kenyan engineers, it is designed to gather environmental and agricultural data, such as flood, drought, wildfire, forest and urbanization changes data, which will be employed by authorities to manage disasters and tackle food insecurity.

Key Points:
i.The satellite was developed over a two-year period at a cost of 50 million Kenyan shillings ($372,000), with assistance from the Bulgarian aerospace firm Endurosat.
ii.It is anticipated to operate for five years before disintegrating over a 20-year period as it enters the atmosphere and burns up.
iii.It is equipped with an optical camera that takes pictures simultaneously in multispectral and panchromatic modes enabling it to operate within and beyond the visible light spectrum.
iv.The Falcon 9 rocket also carried 50 payloads from other countries under SpaceX’s rideshare initiative.
v.Kenya sent its first nano-satellite into space in 2018.
About Kenya:
Capital– Nairobi
Currency– Kenyan Shilling


Europe Successfully Launches JUICE Mission to Study Jupiter’s Icy MoonsOn April 14, 2023, The European Space Agency (ESA) successfully launched the Jupiter Icy Moons Explorer (JUICE), via the Ariane-5 rocket from Europe’s Spaceport from Kourou, French Guiana.

  • Juice, a robotic explorer’s, mission was to make detailed observations of the solar system’s biggest planet, Jupiter and three ice-encrusted moons which scientists believed to have underground oceans where sea life could exist.
  • Juice is expected to reach Jupiter in 2031 and has a mission lifespan of about three years which could be extended by 200 or more days.
  • It will make multiple flybys of Jupiter’s satellites Ganymede, Callisto and Europa before orbiting around Ganymede.

Components of JUICE:

  • The 1.7 billion dollar spacecraft is armed with a suite of remote-sensing, geophysical and in-situ instruments.
  • Juice’s main engine contains a bi-propellant: Mono-methyl hydrazine and mixed oxides of nitrogen.
  • The spacecraft will be powered by 10 solar arrays arranged in two wings, stretching 27 meters from tip to tip. It can produce about 850 watt power at Jupiter.

Mission of JUICE:

  • The mission would help scientists locate places where there is internal energy and liquid water.
  • It will explore Jupiter’s complex environment extensively and study the wider Jupiter system as an archetype for gas giants across the Universe.
  • According to the researchers, Ganymede (the largest Jovian moon) and Callisto (the second-largest) are ocean worlds. It will also map the topography, geology and composition of the surface, characterise the ocean layers and detect subsurface water reservoirs.
  • In 1996, NASA’s Galileo spacecraft revealed that Ganymede has its own magnetic field, the only moon with an intrinsic magnetic field.
  • According to NASA, Juice would study the planets chemistry, including organic molecules, and understand its surface features and the composition of the non-water-ice material.
  • ESA has determined that the possibility of finding life was very high on Europa, as it possesses environments suitable for some form of life.
  • Europa has all three essential ingredients to support life: Liquid water, an energy source and organic compounds that act as building blocks for biological processes.

About European Space Agency:
Established in: 30 May 1975
Director General: Josef Aschbacher
Headquarters: Paris, France


The second underwater nuclear attack drone “Haeil-2” was tested by North KoreaEarlier on March 23, North Korea made a claim of conducting a test of an underwater nuclear attack drone, which notably had the ability to unleash a “radioactive tsunami”.The “Unmanned Underwater Nuclear Attack Craft” was the name given to the drone, also known as “Haeil” (meaning tsunami).

  • As a sequel,Haeil-2, which is the second underwater nuclear attack drone of North Korea was tested from April 4 to April 7.
  • The test effectively demonstrated the dependability and lethal striking capability of the underwater strategic weapon system.

Additional Info:

  • North Korea’s repeated missile tests and other actions are seen as a demonstration of strength against the joint military exercises being conducted by the United States and South Korea.
  • North Korea launched approximately 30 missiles in 11 separate launch events in 2023. These launches involved various missile types, including an intercontinental ballistic missile with the potential to reach the United States mainland, as well as shorter-range nuclear-capable missiles designed to target neighbouring countries.

About Haeil-2:

  • Developed since 2012.
  • The purpose is to prevent any form of escalated military actions by the enemy.
  • Over a period of approximately 71 hours, the vehicle travelled a total distance 1,000 km along a course that included both an oval and figure-of-eight shape.
  • Average speed: 4.6 knots.
  • Depth : 80 to 100 mts.

About North Korea:
Capital : Pyongyang
Currency : North Korean won
President : Kim Jong Un (since 2011)


CUO & ZSI found New cyprinid fish named Garra laishrami in KoraputOn April 16 2023, the researchers of the Central University of Odisha (CUO), Koraput, and the Zoological Survey of India (ZSI) found a rare new edible freshwater cyprinid fish species of Genus Garra from the Kolab River at Ghatguda, Koraput in Odisha.

  • The cyprinid fish species was named Garralaishrami.
  • The new species is named after Dr.Laishram Kosygin of ZSI to honor his remarkable contributions to understanding the taxonomy of Indian freshwater fishes.
  • The findings were published in the taxonomy journal “Ichthyological Exploration of Freshwaters”, from Germany.
  • Characteristics:
  • Fishes of genus Garra are characterized by the presence of a gular disc developed from tissues of the gular region that exhibit variation in the size, shape, and arrangement of the snout tubercles.
  • These groups of fishes are distributed from Borneo, southern China and southern Asia through Middle East Asia, Arabian Peninsula and East Africa to West Africa.
  • The new species Garralaishrami has been found so far in Kolab River, one of the major tributaries of Godavari, in the Eastern Ghats of Odisha.
  • It is a member of the proboscis species group and is distinguished from its other members by the development of proboscis, degree of tuberculation on the proboscis and transverse lobe on snout and nostrils, position of transverse groove and morph metric data of the body.
  • The maximum length of the fish is from 76 mm to 95.5 mm, and is edible.

Researchers Involved:

  • Research conducted by – SupriyaSurachita, a Department of Science and Technology (DST) INSPIRE (Innovation in Science Pursuit for Inspired Research) Fellow on the topic “Diversity, distribution of fishes and threats in the freshwater bodies of Koraput in Eastern Ghats of Odisha”.
  • Supervised by Prof.Sharat Kumar Palita, Dean of School of Biodiversity and Conservation of Natural Resources of CUO, Koraput.

World Voice Day 2023 – April 16World Voice Day (WVD) is annually observed across the globe on April 16 to celebrate the phenomenon of voice and raise awareness about the importance of voice. The day also raises awareness of issues affecting the health of the voice.

  • World Voice Day 2023 was observed on 16th April 2023 under the theme/motto “Your Voice Matters”.

The theme for WVD was chosen by members of the American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS) Voice Committee.
Background:
i. World Voice Day was initiated by the Brazilian Society of Laryngology and Voice in 1999, and the first World Voice Day was observed as Brazilian Voice Day on 16th April 1999.

  • The day was later recognised as a global awareness day after the members of the Academy’s Speech, Voice, and Swallowing Disorders Committee

ii. In 2002, Professor Mario Andre, a Portuguese laryngologist and the president of the European Laryngological Society, proposed the idea of celebrating the day as a global event.
Note: Since the day’s inception in 2002, the AAO-HNS has sponsored the World Voice Day celebration in the United States of America (USA).
About the American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS):
President- Kathleen L. Yaremchuk
Headquarters- Alexandria, Virginia, USA
Establishment- 1896


World Hemophilia Day 2023 – April 17 World Hemophilia Day is annually observed across the globe on 17th April to create awareness about Hemophilia, an inherited bleeding disorder in which the blood does not clot properly.
17th April 2023 marks the 34th World Hemophilia Day. 

  • The annual observance of the day is organised by the World Federation of Hemophilia(WFH).

The theme of  World Hemophilia Day 2023 is “Access for All: Prevention of bleeds as the global standard of care”. 
About  World Federation of Hemophilia (WFH):
The World Federation of Hemophilia (WFH) is a non-profit organization dedicated to improving and sustaining care for people with inherited bleeding disorders
President– Cesar Garrido(Venezuela)
Chief Executive Officer (CEO)– Alain Baumann
Headquarters– Montréal, Québec, Canada


AP Government changes Name of Greenfield Seaport in Srikakulam

On 16th April 2023, the Andra Pradesh (AP) Government renamed the Bhavanapadu Port as “Mulapeta Port”, respecting the sentiments of local villagers in Srikakulam district, AP.
Y S Jagan Mohan Reddy, Chief Minister (CM) of AP, will lay the foundation stone for the greenfield port on April 19.

  • The AP government took this decision as farmers from Mulapeta and Vishnuchakram villages requested the name change since Bhavanapadu village has no scope in the proposed port area, considering all the lands of Mulpeta and some from Vishnuchakram have been earmarked for acquisition.
  • Lathkar Srikesh Balajirao, Indian Administrative Service (IAS) of Srikakulam district, laid the proposals for renaming Greenfield Port, since the total land and the project displaced families belong to Mulapeta and Vishnuchakram villages and not Bhavanapadu.

Current Affairs- 15 February 2023

1st G20 Environment and Climate Sustainability Working Group (ECSWG) Meeting 2023 held in Bengalurui.From February 9-11, 2023, the First G20 (Group of Twenty) Environment and Climate Sustainability Working Group (ECSWG) meeting was held in Bengaluru, Karnataka under India’s G20 Presidency.
ii.It was led by the Ministry of Environment, Forests and Climate Change (MoEFCC), Government of India.
iii.Indian Presidency will publish the 5th report on actions against marine plastic litter under the G20 Framework for Marine Plastic Litter, in collaboration with Japan.
iv.The Indian Presidency also announced a coordinated beach cleaning event to be conducted on May 21, 2023 on the sidelines of the Ocean 20 dialogue.
About Ministry of Environment, Forests and Climate Change (MoEFCC):
Union Minister– Bhupender Yadav
Minister of State–  Ashwini Kumar Choubey
Secretary– Leena Nandan


MoPSW: High-Level Committee headed by Chairman of DPA to draft revised Guidelines for Ro-Ro & Ro-Pax ferry servicesThe Ministry of Ports, Shipping and Waterways(MoPSW) has constituted a High-Level Committee headed by Sanjay K. Mehta (SK Mehta), Chairman of Deendayal Port Authority (DPA), Gandhidham, Gujarat, to draft the revised guidelines for the operation of Roll on-Roll off (Ro-Ro) and Roll on-Passenger (Ro-Pax) ferry service.

  • The committee would also simultaneously draft the Model Concession Agreement for Ro-Ro / Ro-Pax Terminal Operator and a Model License Agreement for the Operation of Ro-Ro/ Ro-Pax/ Fast Passenger Ferry.

About Ministry of Ports, Shipping and Waterways(MoPSW):
Union Minister– Sarbananda Sonowal(Constituency- Rajya Sabha- Assam)
Minister of State– Shantanu Thakur (Constituency- Bangaon, West Bengal); Shripad Yesso Naik (Constituency- North Goa, Goa)


Girish Chandra Murmu led 6th SCO SAI Leaders’ Meeting; MoUs Signed with SAIs of Kazakhstan, TajikistanThe 6th Meeting of the Shanghai Cooperation Organisation Supreme Audit Institutes (SCO SAI) Leaders’ meeting was held in Lucknow, Uttar Pradesh (UP) from February 6 to 8, 2023.

  • Discussions were held at the SCO SAI Leaders’ meeting led by Girish Chandra Murmu, Comptroller and Auditor General of India (CAG) India, under the theme of  “Integrating Emerging Technologies in Audit” with focus on Artificial Intelligence and Cyber-security.
  • On the sidelines of the SCO SAI Leader’s meeting, on 13 February 2023, Girish Chandra Murmu signed 2 Memoranda of Understanding (MoUs) with SAIs of Kazakhstan and Tajikistan to strengthen cooperation and exchange of expertise in the field of auditing.
  • Under the SCO SAIs Leader’s meeting, Girish Chandra Murmu stressed the need for proper auditing of the country’s local bodies as India is aiming to achieve the $5 trillion economy by 2025.

About Shanghai Cooperation Organization (SCO):
Headquarters –  Beijing, China
Establishment – 15 June 2001
Secretary-General – Zhang Ming
Member countries – 9 Member countries (China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan , Iran,  and Uzbekistan)


37th APEDA Foundation Day – 13th February 2023The Agriculture and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Trade, observed the 27th APEDA Foundation Day on 13th February 2023 across India,

  • APEDA, established in 1986, has achieved phenomenal success in the promotion export of agricultural products in its successful journey of 37 years.

APEDA’s Growth History- 1986 to 2023: 
i. Due to APEDA’s active interventions, the export of agricultural products has increased from USD 0.6 billion export in 1987-88 to USD 19.69 billion till April-December 2022-23 and expanded the export basket to more than 200 countries.

  • The APEDA exported agricultural products worth USD 24.77 billion in 2021-22.

ii. For the current fiscal(2022-2023, the target given to APEDA is USD 23.56, till December 2022, 84%(USD 19.69 billion) has been achieved and the remaining target is expected to be completed within the expected time period.
WTO Trade Data:

  • According to the World Trade Organization (WTO) Trade Data, India was ranked 25th in 1986, fell to 28th in 1987, and 29th in 1988.
  • Currently, India’s ranking has improved significantly by rising to the 10th rank in 2019, which has further improved to 9th in 2020, and to 8th in 2021.

APEDA Initiatives: 
i. APEDA promoted IT-enabled activities for ease of doing business in the promotion and development of exports from India in an effort to elevate the export of agricultural products to a new level.
ii. APEDA has undertaken initiatives like a paperless office (re-engineering, digital signatures, electronic payment facility), APEDA Mobile App, phase-wise delivery of online services, monitoring and evaluation, uniform access, and virtual trade fair to make governance more efficient and effective.
iii. India’s infrastructure for agri exports was set up and upgraded with the help of APEDA, which also improved the quality of agri exports.
iv. APEDA has constituted a Market Intelligence Cell, and the activity of disseminating E-market intelligence reports containing in-depth market analysis has commenced.
v. APEDA has also created a Farmer Connect Portal on its website to give Farmer Producer Organizations (FPOs)/Farmer Producer Companies (FPCs) and cooperatives a forum to communicate with exporters.
vi. Out of the 417 registered GI products, more than 100 registered GI products fall under the category of APEDA scheduled products (Cereals, Fresh Fruits and vegetables, processed products, etc).


PM Modi’s Visit to Uttar Pradesh & MaharashtraPM Narendra Modi visited Uttar Pradesh (UP) & Maharashtra to launch various initiatives on February 10, 2023.
Prime Minister Narendra Modi inaugurated the Uttar Pradesh Global Investors Summit (UPGIS) 2023 on February 10, 2023 in Lucknow, Uttar Pradesh (UP).
UPGIS 2023 is the flagship investment summit of the Government of Uttar Pradesh which took place in Lucknow (UP) from February 10 to 12, 2023.
On February 10, 2023, the PM visited Maharashtra and flagged off two Vande Bharat trains at Chhatrapati Shivaji Maharaj Terminus (CMST) in Mumbai, Maharashtra.

  • The two trains, Mumbai-Solapur Vande Bharat and Mumbai-Sainagar Shirdi Vande Bharat, would run on the popular tourist route between Chhatrapati Shivaji Maharaj Terminus (CSMT)-Shirdi and CSMT-Solapur.

On February 12, 2023, PM Narendra Modi visited Rajasthan and inaugurated the 246-kilometer (km) Delhi-Dausa-Lalsot stretch of the Delhi-Mumbai Expressway from Dausa in Rajasthan.

  • This Delhi-Mumbai Expressway would be India’s longest Expressway, spanning 1,386 km.

CBDT Notified 6 Income Tax Return Forms for Assessment Year 2023-24In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes (CBDT) has notified six income tax return (ITR) forms for assessment year 2023-24 (Financial Year 2022-23).

  • CBDT has also notified ITR-V (verification form) and Indian Income Tax Return Acknowledgement.
  • ITR forms include ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6.
  • The forms will come into effect from April 1, 2023.

ITR Form details
i.ITR-1(SAHAJ): It can be filed by an individual having total income up to Rs 50 lakh and who receives income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs 5 thousand.
ii.ITR-2 is filed by people having income from residential property.
iii.ITR-3 is for people having income as profits from business/ profession
iv.ITR-4 (SUGAM): Filed by Individuals, HUFs (Hindu undivided families) and Firms (other than LLP (limited liability partnerships)) being a resident having total income up to Rs.50 lakh
v.ITR-5 and 6 are filed by LLPs and businesses and ITR-7 is filed by trusts.
Due date and Late fee:
i.Normally, the due date for individuals and HUF (whose books of accounts are not required to be audited) for filing ITR is July 31. December 31 was specified as the due date for the belated return.
ii.If the return is filed after the due date, interest has to be paid under Section 234 A at the rate of 1 %  per month or part month on the unpaid tax amount.
iii.There is also a late fee of  Rs 5,000 under Section 234F, which shall be reduced to Rs 1,000 if the income is below Rs 5 lakh.
Note – In 2022 such forms were notified in the first week of April.


IEA’s Electricity Market Report 2023: Asia set to use half of World’s Electricity by 2025

According to the International Energy Agency (IEA) report Electricity Market Report 2023 released on 8th February 2023, Asia will use half of the world’s electricity by 2025, a majority of which will be used in China, which consumes more electricity than the European Union, the United States (US), and India combined.

  • Africa will only use 3% of the world’s electricity in 2025, despite having a fifth of the world’s population.

Key Highlights:
i. China, a country of 1.4 billion people whose share of world consumption will increase from a quarter in 2015 to a third by the middle of this decade, will account for a large portion of Asia’s energy use.
ii. The IEA’s annual report predicts that nuclear energy and renewable sources like wind and solar will supply the majority of the additional electricity generated globally over the next three years.

  • As a result, the power sector’s greenhouse gas emissions won’t significantly increase.

iii. According to scientists, immediate sharp reductions in emissions from all sources are required to keep the average global temperature from rising by 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels.
iv. The report warned that electricity demand and supply are becoming increasingly weather dependent.
v. In 2022, Electricity demand in India (8.4%) and the United States (US) (92.6%)rose, while Covid restrictions affected China’s growth.
About the International Energy Agency (IEA):
Executive Director- Dr Fatih Birol
Members- 31 member countries and 8 association countries
Establishment- 1974


ICICI Bank signs MoU with BNP Paribas

ICICI Bank signed a Memorandum of Understanding (MoU) with a European bank, BNP Paribas, to meet the financial needs of European enterprises operating in India and Indian companies in the European Union (EU).
The agreement was signed by Anup Bagchi, Executive Director of ICICI Bank, and Grzegorz Marczuk, Chief Operating Officer of BNP Paribas India.
Key Points:
The MoU would create a framework for collaboration between the two banks to offer financial services to corporate customers operating along the India-Europe corridor.
This partnership would enhance the support provided to Indian firms on their global journey as well as European corporations seeking to establish their presence in India.
About ICICI Bank:
MD & CEO – Sandeep Bakhshi
Established – 1994
Headquarters – Mumbai, Maharashtra


Cashfree Payments Launches “Co-Lend”- India’s 1st Automated Escrow Management Solution

Cashfree Payments, a leading payment and Application Programming Interface (API) banking solutions company, has launched ‘Co-lend’, India’s 1st fully automated escrow management solution for co-lending. Co-lend was developed in line with the digital lending guidelines announced by the Reserve Bank of India (RBI).

  • It enables instant disbursal with automatic reconciliation and a dashboard for managing various partnerships, and other features. It requires no manual intervention, automatically notifies the loan management system, and eliminates reconciliation efforts.
  • ‘Co-lend’ provides a robust platform for co-lending originators and lenders, particularly those authorising high volumes of loans where real-time disbursement, repayment, and reconciliation are primary requirements.
  • Currently, the Co-Lend integration was supported by the ICICI Bank, Kotak Mahindra Bank, Yes Bank, IndusInd Bank, and Axis Bank.

Mohammad Shahabuddin Chuppu was declared the Next President of Bangladesh On 13th February 2023, Mohammad Shahabuddin Chuppu, (74 years old), a former judge and freedom fighter, has been declared the next President of Bangladesh by Bangladesh’s Election Commission. The ruling Awami League (AL) party nominee, Shahabuddin Chuppu, was elected unopposed as the 22nd President of Bangladesh.

  • Shahabuddin Chuppu will replace the incumbent President Mohammad Abdul Hamid, the longest-serving president of Bangladesh(2013 to 2023), whose tenure ends in  April 2023.

Note: According to Bangladesh’s constitution, the presidential election must be held 60 to 90 days before the expiry of each five-year term.
Key Points: 
i. Shahabuddin Chuppu, nominated by Awamin League, would be elected to the top position without opposition since Awami League has the majority of 305 seats in the 350-member House.
ii. The presidential election in Bangladesh must take place 90 to 60 days before the incumbent’s five-year tenure comes to an end.
iii. Since all seven MPs from the opposition Bangladesh Nationalist Party (BNP) resigned in December 2022 as part of their anti-government campaign ahead of the general elections, there are no other candidates for the top position besides Shahabuddin Chuppu.
About Mohammad Shahabuddin Chuppu:
i. Mohammad Shahabuddin Chuppu was born in 1949 in the northwestern Pabna district of East Pakistan (present-day Bangladesh).
ii. In the late 1960s and early 1970s, he was a leader of Awami League’s student and youth wings.
iii. He was also part of the Bangladesh Liberation War in 1971. He was imprisoned for protesting the murder of Bangabandhu Sheikh Mujibur Rahman, Bangladesh’s founder and the father of Prime Minister (PM) Sheikh Hasina.
iv. He started his career in Judicial Service in 1983 and was District Judge till 2006. He served as the coordinator of the Bangabandhu murder trial when Awami League returned to power in the 1996 elections.
v. He also served as the Labor Court’s Chairman in 2006, a Supreme Court lawyer for Bangladesh from 2008 to 2011, and a Commissioner for the Anti-Corruption Commission from March 2011 to March 2016.
About Bangladesh: 
President- Mohammad Abdul Hamid
Prime Minister- Sheikh Hasina
Capital- Dhaka
Currency- Bangladeshi Taka


CCI approvals on 13, Feb 2023On February 13, 2023, the Competition Commission of India (CCI) has given its approval to the following proposals:
i.Acquisition of up to 100% shareholding in R Systems International Limited by BCP Asia II Topco II Pte. Ltd
ii.Consolidation of HPM Business of LANXESS AG and DEM Business of Koninkiljke DSM N.V. under Zehnte LXS GmbH, a JV HoldCo of Platin 2170 GmbH & LANXESS
iii.Acquisitions of Commercial Real Estate assets by Nexus Select Trust
About the Competition Commission of India (CCI):
Acting Chairperson– Sangeeta Verma
Establishment– October 14, 2003
Headquarters– New Delhi, Delhi


HDFC Bank sells its entire 9.95% stake in Softcell Technologies Global

On 13th February 2023, Mumbai(Maharashtra)-based HDFC Bank Limited is set to sell its entire stake of 9.95% (1,65,731 Equity Shares) in Softcell Technologies Global Private Limited (Softcell) for Rs 9.94 crore, at  Rs 600.36 per Equity Share. In March 2020, HDFC Bank sold a 2.05% stake in Softcell for Rs 1.47 crore.

  • Softcell, a company founded on 6h September 2018, sells Information Technology (IT) products and offers software and related services.
  • HDFC Bank offers a variety of financial services and products using multiple distribution channels, including a pan-India network of branches, ATMs (Automated Teller Machines), phone banking, online banking, and mobile banking.

Liberty Global buys 4.3% stake in Vodafone betting on Share Revival

On 14th February 2023, Liberty Global Plc, a multinational telecommunications company headquartered in London, the United Kingdom (UK), acquired a 4.9% stake(1.34 billion shares) in Vodafone Group Plc, British multinational Telecom Company based in the UK, in a surprise bet on Vodafone’s plans to revamp its business.

  • Liberty Global and Vodafone share a 50-50 joint venture in the Netherlands called VodafoneZiggo, and in 2019 Liberty sold Vodafone its German and eastern European businesses for Euro 18.4 billion.
  • Liberty Global stated that it is not considering making an acquisition bid for the Newbury, England-based telecom company.
  • In 2022, Vodafone’s share price has dropped by around 30%, which has drawn the attention of several strategic investors.

GoI launched Mobile app: ‘Khanan Prahari’ & Web App: CMSMS to Curb Illegal MiningThe Government of India (GoI) has launched a mobile application of the Ministry of Coal, “Khanan Prahari”,  and a web app “Coal Mine Surveillance and Management System” (CMSMS) for reporting unauthorised coal mining activities so that the responsible Law & Order enforcing body can monitor them and take appropriate action.

  • The Apps had received reports of 462 cases as of January 2023.
  • CMSMS was developed by the Ministry of Coal in coordination with the Bhaskaracharya Institute for Space Application and Geo-informatics (BISAG), Gandhinagar, Gujarat, and the Ministry of Electronics & Information Technology (MeitY).

Key Highlights:
i. The CMSMS was created as a GoI e-Governance initiative on using Space Technology to report illegal mining and take transparent action.
ii. The objective of developing and launching this CMSMS application was to track and respond to any illegal coal mining activities occurring within the leasehold boundaries of any coal mining project in the coalfield areas.

  • This was done by collecting citizen complaints through the mobile app Khanan Prahari.

iii. The Khanan Prahari app was also developed by the Ministry of Coal, which enables citizens to report any illegal mining incidents through geo-tagged photographs and textual information from the place of the incident.
About the Ministry of Coal:
Union Minister- Pralhad Joshi (Constituency- Dharwad, Karnataka)
Minister of State (MoS)- Raosaheb Patil Danve (Constituency- Jalna, Maharashtra)


Qualcomm Introduced Snapdragon Satellite, World’s 1st Satellite-based 2-way Messaging Smartphones

Qualcomm Technologies, Inc. introduced “Snapdragon Satellite” the world’s 1st satellite-based two-way capable messaging solution for premium smartphones, at the
Consumer Electronics Show(CES) 2023 was held in Las Vegas, Nevada, United States of America(USA) from 5th to 8th January 2023.

  • The Snapdragon satellite, Developed with Iridium, will allow next-generation premium Android smartphones and other gadgets to support messaging for emergency use in rural, and offshore locations.

About Snapdragon Satellite:
i.Snapdragon Satellite will provide global connectivity using mobile messaging from around the world, starting with devices based on the flagship Snapdragon 8 Gen 2 Mobile Platform.
ii.Snapdragon Satellite, powered by Snapdragon 5G Modem-RF Systems and supported by the fully operational Iridium® satellite constellation, will enable Original Equipment Manufacturers (OEMs) and other service providers to offer truly global coverage.
iii.The smartphone’s solutions will use Iridium’s weather-resilient L-band spectrum for uplink and downlink.
Additional info: 
i.The emergency messaging on Snapdragon Satellite is set to be made available on next-generation smartphones, launched in select regions in the second half of 2023.
ii.The Snapdragon Satellite can expand beyond smartphones to devices like laptops, tablets, vehicles and the Internet of Things (IoT).
iii.The Satellite system is planned to support 5G Non-Terrestrial Networks (NTN), as NTN satellite infrastructure and constellations can be easily available.


Noted Painter Lalitha Lajmi Passed Away

On 13th February 2023, Lalitha Lajmi, a renowned Painter and sister of late actor-filmmaker Guru  Dutt, passed away at the age of 90. Lalitha Lajmi was born on 17th October 1932 in Calcutta, Bengal Presidency, British India (now West Bengal, India).

  • Lalitha Lajmi has held several exhibitions at international art galleries in Paris(France), London (United Kingdom)and Holland.
  • Her works are held in the collection of the National Gallery of Modern Art, the British Museum and Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) Museum Mumbai, Maharashtra.
  • Lalitha Lajmi, an unparalleled water-colourist, tells the story of the modern Indian woman in the decades after Independence through her works.
  • Her artwork captures the hidden tensions between men and women, which are reflected in the various roles they play.

UP Global Investor Summit 2023: 18,643 MoUs Worth Rs 33.50 Lakh Crore SignedThe Uttar Pradesh (UP) government signed 18,643 Memorandums of Understanding (MoUs) for investment intentions over the three-day Uttar Pradesh Global Investor Summit (UPGIS) 2023, with a value of Rs. 33.50 lakh crore, in Lucknow, UP.

  • Western UP has received the most investment due to cities like Noida and Agra.
  • The region will receive about 45% of the entire investment.

Welspun One Logistics Parks (WOLP) has signed a Rs. 2,000 crore pact with the Uttar Pradesh government to create warehousing and logistics parks in the state and expand its position in the warehousing sector in North India.
Reliance, Aditya Birla Group, and Tata, three of India’s largest conglomerates, pledged to spend more than Rs. 1 lakh crore in UP to expand their businesses in the near future, at UPGIS 2023.
About Reliance Industries Limited (RIL):
CMD – Mukesh Ambani
Establishment – 1973
Headquarters – Mumbai, Maharashtra


Mizoram CM Zoramthanga Presents State’s Annual Budget for 2023-24On 13th February 2023, Zoramthanga, Chief Minister(CM) of Mizoram, who also holds the portfolio of Finance Minister, presented Mizoram’s annual budget for the financial year 2023-2024 with a total outlay of Rs 14,209.95 crores, an increase of Rs 201.80 crore from 2022-2023 budget.

  • He also presented the supplementary demands for grants for 2022-23 fiscal amounting to Rs 3,265.69 crore.
  • He stated that the 2023-2024 budget is a zero-deficit and non-surplus budget as the estimated total receipts are exactly equal to the estimated total expenditures.
  • No new taxes have been imposed nor was a proposal to hike the existing rates in the 2023-24 budget.

Highlights of the budget: 
i.With a special focus on Socio-Economic Development Policy (SEDP), Rs 595 crore was allocated to it for the 2023-2024 fiscal. Out of this, Rs 300 crore will be allocated under Family-oriented SEDP for 2023-24.

  • The SEDP is the flagship programme of the Mizo National Front (MNF) government that aims at bringing sustainable development by accelerating progress in key sectors through exploration and judicious use of resources.

ii.Under SEDP, the government will distribute monetary assistance of Rs 50,000 each to 60,000 families during the current fiscal.

  • The 1st instalment of this amounting to Rs 25,000 each has been already disbursed to 5,996 beneficiaries and Rs 25,000 each for the beneficiary) has been sanctioned for the 2nd instalment.

iii.During the 11th session of the 8th Mizoram Legislative Assembly, the CM cum Finance Minister Zoramthanga stated that the Revenue Receipts amount to Rs 11489.63 crore and Capital Receipts of Rs 2723.32 crore.
iv.The Revenue expenditure amounts to Rs 11068.76 crore – 78.10% of the total budget expenditure and Capital expenditure amounts to Rs 3141.19 crore, 21.90% of the total expenditure.
v.To cut the expenditure and create a better revenue source for Mizoram, the Mizoram Resource Mobilization Committee had been formed.
vi.The committee reported that a surplus of Rs 35.74 crore from various Departments was collected by the Mizoram government.
Key Points:
i.Rs 60 crore has been allocated to MLA Local Area Development Fund.
ii.Rs 50 lakh has been set aside to support the meritorious students prepare for All India Service and other Central Service examinations,
iii.The government has proposed to allocate Rs 1.20 crore for higher and technical education to meet the management requirements of various colleges.
iv.The State’s Own Tax Revenue (SOTR) in the new fiscal is expected to increase by 35.32% from the current fiscal and the State’s Own Non-tax Revenue (SONTR) is set to increase by Rs 60.57 crore.

Current Affairs- 14 February 2023

Union Minister Ashwini Vaishnaw inaugurates AMRITPEX 2023 at New DelhiOn February 11, 2023, Union Minister Ashwini Vaishnaw, Ministry of Communications inaugurated a 5-day long AMRITPEX 2023, National Philatelic Exhibition at Pragati Maidan, New Delhi (Delhi) as a part of Azadi Ka Amrit Mahotsav Celebrations.

  • It will culminate on February 15, 2023.

Key Points:
i.AMRITPEX is the national platform to highlight and display the 5000 years old rich history and culture of India.

  • The exhibition displays more than 20,000 exhibits under 13 competitive categories and invitees.
  • AMRITPEX 2023 saw the number of workshops, panel discussions and cultural programs.

ii.It was attended  by large number of school students and philatelists from all parts of the country.
iii.Department of Posts opened more than 10 lakh Sukanya Samriddhi Accounts on February 9-10, 2023, as a tribute to Beti Bachao, Beti Padhao and Azadi ka Amrit Mahotsav.
iv.The exhibition for the first time in India has a number of technology artifacts like Virtual Reality and Augmented Reality.
Release of Commemorative Postage Stamp on Azadi Ka Amrit Mahotsav:
The Department of Posts (DoP) also released a Commemorative Postage Stamp on Azadi Ka Amrit Mahotsav. This stamp has been designed from the best entries of the national wide design competition in which more than 4 lakh students participated.

  • This competition was organized at Pan India level in partnership with the Department of School Education and the Ministry of Culture, Government of India.

Other Participants:
The Minister of State (MoS) Devusinh Chauhan, Ministry of Communications; Secretary, Department of Posts, Vineet Pandey; and Director General Postal Services, Alok Sharma, among others.


India’s First Electric AC Double-Decker Bus Inaugurated in Mumbai

The first double-decker electric AC bus in India was unveiled in Mumbai, Maharashtra, by the Brihanmumbai Electric Supply and Transport Undertaking (BEST).

  • The regional transportation agency ‘BEST’ in Mumbai has not yet completed the registration process for the electric bus and will begin offering the service to passengers after conducting a few tests.

The bus will run between the Bandra-Kurla Complex (BKC) and the Kurla bus depot after all clearances have been granted.

  • A minimum fare of Rs 6 will be levied for a distance of 5 km, and the ticket prices will remain the same.
  • The electric double-decker bus can accommodate 73 passengers. It can be charged in 80 minutes and has automatic doors and CCTV cameras.

UNDP & The Ocean Cleanup Sign MoU to Eliminate Plastic Pollution in The OceansThe United Nations Development Programme (UNDP) and ‘The Ocean Cleanup’ signed a Memorandum of Understanding (MoU) to work together to eliminate plastic pollution in the world’s oceans and rivers.
Key Points:
i.The partnership aims to decrease plastic leakages into marine ecosystems by promoting policies and behavioural changes intended to advance effective plastic waste management systems and decrease overall plastic pollution.
ii.It will hasten the implementation of interception technology in rivers in order to reduce marine plastic pollution.
iii.Plastic pollution endangers the health of the world’s seas as well as the billions of people who rely on marine resources for food and income.
The Ocean Cleanup
‘The Ocean Cleanup’ is a non-profit foundation established in 2013 in Delft, the Netherlands by Dutch inventor Boyan Slat.
United Nations Development Programme (UNDP)
UNDP is the United Nations (UN) agency in charge of international development.
Administrator – Achim Steiner
Established – 1966
Headquarters – New York, USA


FT Global MBA Ranking 2023: ISB Placed First Among Indian B-Schools; Six Indian B-Schools Listed Among World’s Top 100 MBA Institutes  According to the “Financial Times (FT) Global MBA Ranking 2023,” the Post Graduate Programme (PGP) from the Indian School of Business (ISB) has retained its prominence among Indian B-Schools and is the only Indian B-school (Business School) to rank in the top 50 globally. (As of February 13, 2023).

  • ISB dropped to 39th rank in the world from 32nd in 2022 and 23rd in 2021. It is currently ranked sixth in Asia.
  • ISB has campuses in Hyderabad (Telangana) and Mohali (Punjab).

In addition to ISB, the Financial Times’ top 100 list includes five Indian Institutes of Management (IIMs).

  • In 2022, India had four B-schools in the list.

Note: For the 2023 edition, 142 schools participated in the ranking process.
Indian School of Business (ISB)
i.In terms of research ranking, ISB is ranked first in India and 61st globally, supporting its goal of being a research-led management institution.
ii.The PGP of 2019 alumni were surveyed on a variety of parameters for the “FT Global MBA Ranking 2023.”
iii.According to the ranking, ISB performed well in aspects like salary percentage increase (#2), alumni network (#12), career progress (#28), and career services (#29).
Other Indian B-schools on the list:  
i.According to the Financial Times, IIM Indore (Madhya Pradesh) and IIM Lucknow (Uttar Pradesh) are among the top 100 global MBA institutes.

  • IIM Ahmedabad (Gujarat) rose to 51st in the 2023 ranking from 62nd in 2022.
  • IIM Bangalore (Karnataka) is ranked 52nd, IIM Calcutta (West Bengal) is ranked 76th, IIM Indore is ranked 89th, and IIM Lucknow is ranked 90th.

ii.Weighting for salaries has been reduced from two-fifths to less than one-third in the 2023 ranking, with more emphasis placed on diversity and sustainability.
Top 5 Global B-schools on the list:


HDFC Bank Launches “OfflinePay” Pilot Program for Offline Digital Payments

HDFC Bank, the largest private sector bank in India, and Crunchfish Digital Cash established a pilot programme called OfflinePay to test offline digital payments for customers and merchants, as part of the Reserve Bank of India (RBI) Regulatory Sandbox Program.

  • HDFC Bank is the industry’s first bank to provide an entirely offline digital payment service.


i.OfflinePay is a first-of-its-kind digital solution that allows for quick and easy low-value offline transactions.
ii.OfflinePay enables users and merchants to accept and process payments even when there is little to no internet connection or network.
iii.This OfflinePay digital payment solution has the potential to increase digital payment usage in smaller towns and rural locations with limited network connectivity.
Backdrop
i.Under the Payments cohort of the RBI’s Regulatory Sandbox programme, HDFC Bank has been collaborating with the RBI to trial offline digital payments.
ii.The proposal submitted by Crunchfish and HDFC Bank for entry to the Regulatory Sandbox was granted by the RBI in September 2022.
iii.Crunchfish Digital Cash AB is a subsidiary of Crunchfish AB, a publicly traded company on Nasdaq First North Growth Market in Stockholm, Sweden.
Key Points:
i.As of now, HDFC Bank will roll out this service in 16+ cities and towns across India as part of a 4-month limited pilot.

  • The offline transaction value during the trial would be capped at Rs. 200 per transaction.

ii.If the pilot is successful, it will be the basis for the RBI’s guidance and regulatory support in enabling offline digital payments to India’s payment ecosystem via the Crunchfish Digital Cash platform.
iii.HDFC Bank has teamed with IDFC First Bank to highlight transactions with consumers and merchants of other banks.

  • For the pilot, HDFC Bank appointed M2P Fintech Pvt. Ltd. to develop client and merchant apps.

RBI’s Regulatory Sandbox Program
The RBI created the Regulatory Sandbox in 2020 to encourage responsible innovation in financial services, enhance efficiency, and benefit end users.

  • The Regulatory Sandbox is a formal regulatory programme that allows market participants to test innovative products and services in a live environment, subject to oversight and safeguards.

ReNew Power Unveils Its New Rebranding and Decarbonisation Focus

ReNew Power made the strategic decision to rebrand itself as ReNew and introduced the new company logo, with the new brand identity reflecting the transition from a pure-play renewable independent power producer to an end-to-end provider of decarbonization solutions.

  • ReNew is set to advance the Net-Zero transition goals of enterprises by pioneering the development of upcoming decarbonization solutions like green hydrogen, energy storage, carbon markets, and solar manufacturing.
  • ReNew has been using digital technology to hasten the transition to green energy and meet the specific needs of the B2B (business-to-business) market in India.

According to industry forecasts, as electrification and living standards increase, the world’s electricity consumption will probably triple by 2050.

  • De-carbonization will be crucial in reaching the Sustainable Development Goals (SDGs) and strengthening global climate action.

Sumant Sinha is the Chairman and CEO of ReNew Power.


President Droupadi Murmu appoints New Governors in 13 states On February 12, 2023, the President of India Droupadi Murmu appointed governors in 12 states and a Union Territory (UT). These include the following 6 new appointments and 7 reshuffles:


Law Minister Kiren Rijiju: GoI Appoints Chief Justice for 4 High CourtsKiren Rijiju, Union Minister of Law and Justice, announced that the Government of India(GoI) has appointed Chief Justices(CJs) for 4 High Courts(HC) as per the relevant provisions under the Constitution of India.
Details of the Appointments of CJ of 4 High courts: 

(Guwahati, Assam)

  • Syed Qamar Hasan Rizvi
  • Manish Kumar Nigam
  • Anish Kumar Gupta
  • Nand Prabha Shukla
  • Kshitij Shailendra
  • Vinod Diwaka

Note: They are appointed in the order of seniority for a period of 2 years with effect from the date they assume charge.
ii.Advocates Lekshmana Chandra Victoria Gowri, Pillaipakkam Bahukutumbi Balaji, Kandhasami Kulandaivelu Ramakrishnan, and Judicial Officers Ramachandra Kalaimathi and K Govindarajan Thilakavadi were appointed as the Additional Judges in Madras High Court.
iii.Advocates Vijaykumar Adagouda, Patil, and Rajesh Rai Kallangala were elevated as Additional Judges of the Karnataka High Court.
About Ministry of Law and Justice: 
Union Minister– Kiren Rijiju(Constituency- Arunachal West, Arunachal Pradesh)
Minister of State– S. P. Singh Baghel(Constituency- Agra, Uttar Pradesh)


Nikos Christodoulides elected as 8th Cyprus PresidentOn february 12, 2023, Nikos Christodoulides (49) has been elected as the 8th President of Cyprus by defeating veteran diplomat Andreas Mavroyiannis.

  • He gained 51.9% of the vote while Andreas Mavroyiannis, had 48.1%.
  • He will succeed Nicos Anastasiades.

Key Points:
i.Nikos Christodoulides served as Minister of Foreign Affairs of Cyprus from 2018 to 2022.
ii.He ran as an independent with the backing of centrist and right-of-centre parties.
iii.In 2021, he was awarded with Order of Serbian Flag.
About Cyprus:
Capital– Nicosia
Currency– Euro


ICAI elects Aniket Sunil Talati & Ranjeet Kumar Agarwal as President & Vice-President for 2023-24The Central Council of the Institute of Chartered Accountants of India (ICAI) has elected CA. Aniket Sunil Talati and CA. Ranjeet Kumar Agarwal as President and Vice Presidentof ICAI for the term 2023-24.
About Aniket Sunil Talati:
i.He is currently the Director of ICAI Accounting Research Foundation (ICAI ARF), Indian Institute of Insolvency Professionals of India (IIIPI) and Extensible Business Reporting Language (XBRL) India.
ii.He is the Technical Advisor to the ICAI’s Nominee on the PAIB (Professional Accountants in Business) Advisory Group of IFAC and Technical Advisor to the IFAC Board Member.
iii.He is also appointed as the Board member of SAFA (South Asian Federation of Accountants).
About Ranjeet Kumar Agarwal
i.He was elected to the 23rd, 24th & 25th Central Council of the Institute of Chartered Accountants of India 3 times in a row.
ii.As the Chairman of the Professional Development Committee of ICAI, conceptualised and implemented UDIN (Unique Document Identification Number) , a landmark reform of ICAI.
iii.He was also the Convenor of Group constituted to implement the UDIN concept in all South Asian Association for Regional Cooperation (SAARC) Countries (Sri Lanka, Pakistan, Nepal, Bhutan, Bangladesh, Afghanistan & Maldives).
About Institute of Chartered Accountants of India (ICAI):
i.The Institute of Chartered Accountants of India is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 on 1st July, 1949 for regulating the profession of Chartered Accountancy in the country.
ii.The ICAI, functions under the administrative control of the Ministry of Corporate Affairs
iii.It is one of the largest professional bodies of Chartered Accountants in the World, with a strong tradition of service to the Indian economy in public interest.


Hyundai Motors India signs Women Cricketers Yastika Bhatia & Renuka Singh Thakur as Brand Ambassadors

Hyundai Motor India Limited (HMIL), a wholly-owned subsidiary of the South Korea-based Hyundai Motor Company, has signed 2 more women cricketers Yastika Bhatia and Renuka Singh Thakur to its roster of brand ambassadors which includes,  Smriti Mandhana, Shafali Verma, and Jemimah Rodrigues.
HMIL announced the next edition of its #TheDriveWithin campaign featuring five Indian women cricketers – Smriti Mandhana, Shafali Verma, Jemimah Rodrigues, Yastika Bhatia and Renuka Singh.

  • The campaign marks the celebration of these world-renowned women cricketers and a testament to years of gruelling training and hardships.
  • The brand renewed its partnership with Smriti Mandhana, Shafali Verma, and Jemimah Rodrigues, which was first signed in December 2021.

Real Madrid beat Al Hilal to win 5th FIFA Club World Cup 2022Real Madrid has won the FIFA Club World Cup for the 5th time after beating Saudi Arabia’s Al-Hilal 5-3 in the final by 5-3 in Rabat, Morocco.

  • The 2022 FIFA Club World Cup (officially known as the FIFA Club World Cup Morocco 2022 presented by Visit Saudi for sponsorship reasons) was its 19th edition.
  • It was held from February 1-11, 2023 in Morocco at Ibn Batouta Stadium in Tangier and the Prince Moulay Abdellah Stadium in Rabat.

Key Points:
i.Its Official Song/Anthem was ‘Welcome To Morocco’.
ii.The Best player award/Adidas Golden Ball went to Vinícius Júnior of Real Madrid.

  • Adidas Silver Ball was awarded to Uruguay’s Federico Valverde (Real Madrid).
  • Adidas Bronze Ball was presented to Argentina’s Luciano Vietto (Al-Hilal).

iii.The Fair Play award was also grabbed by Real Madrid.
iv.The Brazilian football player Pedro Guilherme Abreu dos Santos aka Pedro was the top goal scorer of the tournament with 4 goals.

  • He played for Campeonato Brasileiro Série A club Flamengo, Brazil.

About FIFA Club World Cup:
It is an international men’s association football competition organised by the Fédération Internationale de Football Association (FIFA), the sport’s global governing body.


Inaugural edition of SA20 League: Sunrisers Eastern Cape won title at SA20 2023Sunrisers Eastern Cape captained by South African cricketer Aiden Markram won the inaugural edition of Betway SA20 League (SA20 2023), a Twenty20 franchise cricket tournament in South Africa, organised by Cricket South Africa.

  • Sunrisers Eastern Cape defeated Pretoria Capitals captained by South African cricketer Wayne Parnell in the finals held in Wanderers Stadium in Johannesburg, South Africa.
  • Sunrisers captain Aiden Markram has been named “Player of the Series” in SA20 2023. He also became the 3rd-highest run-scorer and joint 7th-highest wicket-taker in the competition.

About SA20 2023: 
i.The inaugural SA20 was played from 10 January to 12 February 2023.
ii.The 33 matches of the SA20 were held across 6 venues in South Africa, which includes, Newlands Cricket Ground in Cape Town, Centurion Park in Centurion (Gauteng) , Kingsmead Cricket Ground in Durban, Boland Park in Paarl, The Wanderers Stadium in Johannesburg and St George’s Park in Gqeberha.
Teams that participated in the inaugural SA20 are, 

  • Sunrisers Eastern Cape
  • Pretoria Capitals
  • MI Cape Town
  • Paarl Royals
  • Joburg Super Kings
  • Durban Super Giants

Betway SA20 Award Winners:


2023 Formula E Hyderabad E-Prix: Jean-Eric Vergne wins India’s first-ever E-Prix

On 11th February 2023, Two-time Formula E champion Jean-Eric Vergne of DS Penske, a French Racing Driver, won the first ever Formula E race in India – 2023 Greenko Hyderabad E-Prix, Round 4 of the ABB FIA Formula E World Championship (Formula E 2023). A total of 11 teams competed in the 2023 Hyderabad E-Prix held in the Hyderabad street circuit, Hyderabad, Telangana.

Nick Cassidy of Envision and Antonio Felix da Costa of TAG Heuer Porsche finished second and third, respectively.

  • Jean-Eric Vergne is one of the top drivers in the competition and has been a part of Formula E since its beginning in the 2014–15 season.
  • Hyderabad street circuit becomes the 30th venue and 1st in India to host an E-Prix.

2023 Dallas Open: China’s Wu Yibing wins Men’s Singles &  Jamie Murray & Michael Venus wins Men’s Doubles

On 12th February 2023, Wu Yibing from China(23-year-old), world no 97th, won the Men’s Singles title at the 2023 Dalla Open (2nd edition of the Dallas Open), defeating American tennis player John Isner at the finals held in Styslinger/Altec Tennis Complex in the city of Dallas, United States of America (USA). Dallas Open 2023 was held from 4th to 12th February 2023.

  • Wu Yibing became the first Chinese Association of Tennis Professionals (ATP) Tour titlist in Men’s singles.
  • With this win, Wu Yibing rose to world number 58 in the rankings and became the highest-ranked Chinese player in ATP history.

Jamie Murray and Michael Venus of New Zealand won their 1st Men’s doubles title together against Americans Nathaniel Lammons and Jackson Withrow.

  • Jamie Murray is a 28-time tour-level titlist and has earned at least one crown in 11 consecutive seasons.
  • Michael Venus, an 18-time tour-level champion, has now earned glory in 9 straight years.

Note: The Dallas Open is a men’s tennis tournament played on indoor hard courts. The Dallas Open is one of only 10 United States tournaments on the ATP Tour and the only ATP Tour indoor championship in the USA.


National Productivity Day 2023 – February 12 & National Productivity Week 2023 – 12th-18th FebruaryNational Productivity Day or National Productivity Council Foundation Day is annually observed across India on February 12 to mark the foundation day of the National Productivity Council of India (NPC) and raise awareness of productivity, efficiency, and innovation.

  • National Productivity Day is celebrated as part of National Productivity Week, which is observed annually from 12 to 18 February.

The theme for National Productivity Week 2023 is “Productivity, Green Growth, and Sustainability: Celebrating India’s G20 Presidency”.

  • The events and observance of National Productivity Week and National Productivity Day are led by the National Productivity Council of India (NPC).

Background:
The National Productivity Council of India (NPC) was established in 1958 and registered as an autonomous society under the Societies Registration Act XXI of 1860, under the Department for Promotion of Industry Trade (DPIIT), Ministry of Commerce and Industry (MoCI).
About the National Productivity Council of India (NPC):
President – Piyush Goyal (Minister of Commerce and Industry & President)
Chairman- Anurag Jain, IAS
Director General- Sundeep Kumar Nayak, IAS
Headquarters- New Delhi, Delhi
Establishment- 1958


International Darwin Day 2023- February 12International Darwin Day is annually observed across the globe on February 12 to commemorate the birth anniversary of the 19th-century British naturalist, Charles Robert Darwin, who is well known for his work “The Theory of Natural Selection”.

  • The day is observed to reflect and act on the principles of intellectual bravery, perpetual curiosity, scientific thinking, and hunger for truth as embodied in Charles Darwin.

International Darwin Day is the celebration, activism, and international cooperation for the development of science, education, and human well-being.
Background:
International Darwin Day was initiated by three Darwin enthusiasts: Dr Robert Stephens, Prof. Massimo Pigliucci, and Amanda Chesworth.
i. In 1995, Dr Robert Stephens motivated the Silicon Valley Humanist Community to start an annual Darwin Day Celebration.
ii. In 1997, Prof. Massimo Pigliucci initiated annual Darwin Day celebrations at the University of Tennessee, United States of America (USA).
iii. In 2000, Amanda Chesworth joined Stephens to officially incorporate the Darwin Day Program in New Mexico, USA.


World Radio Day 2023 – February 13 The United Nations(UN)’s World Radio Day is annually observed across the globe on 13th February to highlight the importance of radio as an essential part of the maintenance and transition to peace.

  • World Radio Day also marks the anniversary of the establishment of the UN Radio service “UN Radio” which was established on 13th February 1946.

13th February 2023 marks the observance of the 12th edition of World Radio Day. 
The theme of World Radio Day 2023 is “Radio and Peace”.
Background:
i.The General Conference of the United Nations Educational, Scientific and Cultural Organization(UNESCO) adopted the resolution at its 36th session and proclaimed the 13th February of every year as World Radio Day to mark the establishment of UN Radio.
ii.The United Nations General Assembly(UNGA) adopted the resolution A/RES/67/124 on 18th December 2012 and endorsed the UNSECO’s resolution on World Radio Day.

  • The first edition of World Radio Day was observed on 13th February 2012.

About United Nations Educational, Scientific and Cultural Organization(UNESCO): 
Director-General– Audrey Azoulay
Headquarters– Paris, France
Establishment– 1945


National Women’s Day 2023 – February 13National Women’s Day is annually observed across India on February 13 to commemorate the birth anniversary of Sarojini Naidu, who was referred to as the “Nightingale of India”.

  • National Women’s Day is celebrated to honour the social, cultural, political, and economic accomplishments of Indian women.

13th February 2023 marks the 144th birth anniversary of Sarojini Naidu.
Note: The United Nations (UN)’s International Women’s Day is annually observed across the globe on March 8.
About Sarojini Naidu: 
i. Sarojini Naidu was born on 13th February 1879 in Hyderabad, Telangana.
ii. She was a political activist, feminist, poet, freedom fighter, and the 1st Indian woman to be the President of the Indian National Congress.
iii. She was appointed as Uttar Pradesh’s 1st governor in 1947, the year India attained freedom. She held onto her position until her demise in 1949.


International Epilepsy Day 2023- February 13International Epilepsy Day is annually observed across the globe on the 2nd Monday of February to raise awareness of Epilepsy and its impact on individuals, families and communities around the world.
International Epilepsy Day 2023 is observed on 13th February 2023.

  • International Epilepsy Day 2022 was observed on 14th February 2022.
  • International Epilepsy Day 2024 will be observed on 12th February 2024.

The theme of International Epilepsy Day 2023 is “Stigma”.

  • The Campaign of International Epilepsy Day 2023 is #StampOutStigma of epilepsy.

Background: 
i. International Epilepsy Day is a joint initiative by the International Bureau for Epilepsy (IBE) and the International League Against Epilepsy (ILAE) started in 2015.
ii. The 1st ever International Epilepsy Day was observed in 2015.
About the International Bureau for Epilepsy (IBE):
President- Francesca Sofia
Vice President- Natela Okujava
Headquarters- Dublin, Ireland
Establishment- 1961
About the International League Against Epilepsy (ILAE):
President- J. Helen Cross
Vice President- Roberto Horacio Caraballo
Headquarters- Texas, United States of America (USA)
Establishment- 1909

Current Affairs- 12&13 February 2023

First ACTCM Barge, Yard 125 (Lsam 15) was launched at M/S Suryadipta Projects Pvt Ltd, ThaneOn February 10, 2023, the first Ammunition Cum Torpedo Cum Missile (ACTCM) Barge, Yard 125 (LSAM 15) was launched by Capt Prashant Saxena, AWPS (Mbi) at M/s Suryadipta Projects Pvt Ltd, Thane (Maharashtra).

  • In this Barge, all major and auxiliary equipment/systems sourced from indigenous manufacturer. This caters to the ‘Make in India’ initiative of Ministry of Defence.
  • Its service life of Barge is 30 years.

Key Points:
i.The construction of Barge was done with M/s Suryadipta Projects Pvt Ltd, Thane, an MSME (Micro, Small & Medium Enterprises).
ii.ACTCM Barges will provide impetus to Operational commitments of Indian Navy (IN) by facilitating Transportation, Embarkation and Disembarkation of articles / ammunition to IN Ships both alongside jetties and at outer harbours.
Background:
In 2021, IN signed a contract with Suryadipta Projects to construct 11 ACTCM barges with with Suryadipta Projects Private Limited.


India jumps to 55th rank in ICAO’s Aviation Safety Oversight Ranking: DGCAAs per the Directorate General of Civil Aviation (DGCA), India’s position has improved in the Aviation Safety Oversight Ranking of the International Civil Aviation Organization (ICAO) as India’s aviation security monitoring ranking has improved to the 55th position from 112th place.

  • Under the continuous monitoring approach of the Universal Safety Oversight Audit Program (USOAP), the Coordinated Validation Mission (ICVM) was launched in India from November 9 to 16, 2022.

Key Points:
i.This ranking is dynamic and is contingent upon the outcomes of various Audits undertaken by ICAO.

  • USOAP allows the ICAO to continuously monitor the safety obligations of its 187 member states.

ii. The USOAP is based on eight critical elements (CE) of a safety oversight system, which are measured by a set of protocol questions (PQs).

  • The eight CE of the audit are Primary Aviation Legislation and Civil Aviation Regulations (LEG), Civil Aviation Organization (ORG), Personnel Licensing and Training (PEL), Aircraft Operations (OPS), Airworthiness of Aircraft (AIR), Aircraft Accident and Incident Investigation (AIG), Air Navigation Services (ANS), and Aerodromes and Ground Aids (AGA).

iii.The ICAO team reviewed the progress in addressing 137 Protocol Questions (PQs) out of which 101 PQs are now satisfactory, 1 PQ to not applicable, and 35 PQs remained not satisfactory.

  • This resulted in an updated overall Effective Implementation (EI) of 85.65%.

About Directorate General of Civil Aviation (DGCA):
Director General– Arun Kumar
Headquarters– New Delhi, Delhi


HDFC Mutual Fund launches HDFC S&P BSE 500 ETF, HDFC NIFTY Midcap 150 ETF, HDFC NIFTY Smallcap 250 ETFHDFC Mutual Fund/HDFC Asset Management Company (AMC) Ltd launched 3 open-ended schemes viz. HDFC S&P BSE 500 ETF, HDFC NIFTY Midcap 150 ETF, and HDFC NIFTY Smallcap 250 ETF replicating the S&P BSE 500 Index, NIFTY Midcap 150 Index & NIFTY Smallcap 250 Index respectively.

  • The New Fund Offer (NFO) for the same is open till February 13, 2023.
  • The scheme will be managed by Abhishek Mor, Nirman Morakhia and Arun Agarwal.

Objective of scheme:
To provide returns that are commensurate (before fees and expenses) with the performance of the underlying index over long term, subject to tracking error
Key Points:
i.The launch of these schemes will expand the suite of HDFC Mutual Fund Index Solutions, and allow investors to participate in the India growth story in a diversified manner,
ii.The minimum subscription amount for investment in these schemes is Rs 500 per application and in multiples of Re 1 thereafter.
iii.It will offer diversified exposure to large, mid and smallcap segments, but with lower volatility than the vast majority of their underlying constituents.
About HDFC Asset Management Company (AMC) Ltd:
Managing Director and Chief Executive Officer– Navneet Munot
Headquarters- Mumbai, Maharashtra


Paytm launches G20-Theme QR Code to celebrate India’s Presidency

On 10th February 2023, One97 Communications Limited, which owns financial services company Paytm, launched a G20 theme QR Code to celebrate India’s Presidency of the Inter-governmental forum and India’s leadership in mobile payments.
Ashwini Vaishnaw, Union Minister for Railways and Information Technology, launched the QR Code during the “Digital Payments Utsav” at the India Habitat Centre in New Delhi, Delhi.

  • The special commemorative QR Code includes the “DigiDhan Mission” logo from MeitY (Ministry of Electronics and Information Technology) along with the logos of the G20 in 2023 and the 75th anniversary of India’s independence.
  • Paytm is planning a special drive under the “Digital Payments Utsav” in which a branded car will travel to several areas in Delhi with a high public presence.

Air India signed agreements to buy around 500 new planes from Airbus and Boeing

Tata’s Air India has signed agreements to buy around 500 new planes worth USD 100 billion at list prize. The deal for around 500 planes is split between French company Airbus and Boeing based in the United States of America(USA).

  • Air India has agreed to purchase 250 Airbus planes, split between 210 single-aisle A320neos and 40 widebody A350s, and 220 Boeing aircraft including 190 of its 737 MAX narrowbody jets, 20 787 widebodies and 10 777Xs.
  • Boeing agreed to the deal on 27th January 2023 and Airbus agreed to the deal on 10th February 2023.
  • The deal for 400 narrowbodies will also allow Air India to win a bigger share of regional international traffic and the domestic market.

Former Federal Chancellor of Germany Angela Merkel honoured with Félix Houphouët-Boigny-UNESCO Peace Prize 2022On 8th February 2023, Angela Merkel, former Federal Chancellor of Germany, received the Félix Houphouët-Boigny-UNESCO(United Nations Educational, Scientific and Cultural Organization) Peace Prize 2022 during the ceremony held in Yamoussoukro, the capital of the Ivory Coast. She received the prize in recognition of her efforts to welcome refugees during her term in the office.

  • The international jury members headed(President) by Denis Mukwege, gynaecologist & Nobel Peace Prize winner, announced Angela Merkel as the recipient of the  Félix Houphouët-Boigny-UNESCO Peace Prize 2022 in August 2022.

Key Points:
i.In 2015, Angela Merkel, then Federal Chancellor of Germany, decided to suspend the Dublin Procedure for Syrians, which meant that refugees from that country no longer had to be sent back to the first European Union(EU) country that they entered.
ii.The 2015 European migrant crisis, also known internationally as the Syrian refugee crisis, was a period of significantly increased movement of refugees
iii.She declared “Wir schaffen das” or “We can do this” as Europe was confronted with the largest refugee crisis it has seen in years.
About Angela Merkel: 
i.Angela Merkel was born on 17th July 1954 in Hamburg, Germany.
ii.She became the first female Chancellor of Germany in 2005 and served in the post for 16 years (4 terms). She resigned from the post in 2021.
ii.She is a member of the Christian Democratic Union(CDU).
Note: 
She was honoured with the Jawaharlal Nehru Prize for International Understanding by the government of India in 2011.
About the Félix Houphouët-Boigny-UNESCO Peace Prize:
i.The Félix Houphouët-Boigny-UNESCO Peace Prize is intended to honour an individual, an institution, or a private or public body which has significantly contributed to the promotion, research, safeguarding or maintenance of peace.
ii.The Prize was established in 1989 by a resolution supported by 120 countries and adopted by the General Conference of UNESCO at its 25th session.
iii.The award is named after Félix Houphouët-Boigny, the first president of Ivory Coast(Côte d’Ivoire), serving from 1960 until his death in 1993.

  • The other renowned recipients of the prize include Nelson Mandela, Frederik W. De Klerk, and Jimmy Carter.

About United Nations Educational, Scientific and Cultural Organization (UNESCO):
Director-General– Audrey Azoulay
Headquarters– Paris, France
Establishment– 1945


Taj Miss & Mrs India 2023: Akshata Rakshe from Mumbai crowned as Taj Miss India 2023 

Akshata Rakshe from Mumbai, Maharashtra, was crowned the winner of Taj Miss India 2023 at the grand finale of Taj Miss & Mrs India 2023 held at Hotel Sadanand Regency in Balewadi, Pune, Maharashtra.
The 1st runner-up was announced to be Natasha Sadaphal, while Isha was the 2nd runner-up in the Taj Miss India 2023 pageant.

  • The winner was selected from the top 40 finalists.
  • Jury Panel: Television Actor Dhanashri Bhalekar, actor-writer-director Chetan Chavada, Miss India 2018 Pia Roy and The Dental Hub’s Dr Sagar Abichandani.

Moldovan PM Natalia Gavrilița resigns; Dorin Recean appointed new PM of MoldovaOn 10th February 2023, Natalia Gavrilița (41 years old), Prime Minister (PM) of the Republic of Moldova announced her resignation from the post, claiming a lack of support in the former Soviet Union. The pro-Western government had been in power for just 18 months (August 2021 to February 2023).

  • Maia Sandu, President of Moldova, appointed presidential adviser Dorin Recean, a pro-Western economist, as the new PM following the resignation of Natalia Gavrilița.
  • Natalia Gavrilița, a Moldovan economist and politician, was appointed as the PM of Moldova in August 2021. She became the 3rd woman PM of Moldova after  Zinaida Greceanii and Maia Sandu.

About Natalia Gavrilița:
i. Natalia Gavrilițaserved as the Minister of Finance for the Republic of Moldova in 2019.
ii. She oversaw projects in a number of developing countries while serving as the managing director (MD) of the Global Fund for Innovation just before she entered politics.
iii. She was also the Executive Director of the World Bank’s Education Reform Project.
iv. Natalia Gavrilița also served within the State Chancellery, for Oxford Policy Management, and the Ministry of Education.
v. In her earlier career, Natalia Gavrilița held the position of Head of the Department for Economic Forecasts and Development Programs within the Ministry of Economy and Infrastructure.
About the Republic of Moldova:
President- Maia Sandu
Prime Minister- Dorin Recean


Ekta Kapoor & Shobha Kapoor step down as ALTBalaji Heads; Vivek Koka named as CBO 

Ekta Kapoor, a film Producer, and her mother Shobha Kapoor have stepped down from their positions as the head of the ALTBalaji, a subsidiary of Balaji Telefilms Limited, is an OTT (over-the-top) platform.  The process of stepping down started in 2022.
Vivek Koka, who has been named Chief Business Officer(CBO) of ALTBalaji, will now run the online streaming business.

  • ALTBalaji wants to continue its excellent tradition of providing its consumers with original, high-quality programming under the leadership of Vivek Koka.
  • Shobha Kapoor and Ekta Kapoor are the Managing Director and Joint Managing Director of Balaji Telefilms Limited, respectively.

Kotak Mahindra Bank Acquires Sonata Finance for Rs. 537 Crore

Kotak Mahindra Bank Limited (KMBL) has entered into binding share purchase agreements with existing shareholders to acquire 100% of the equity shares of Sonata Finance Pvt Ltd (SFPL) for about Rs. 537 crore in cash.

  • The acquisition is scheduled to be completed in H1 (April-September) of the fiscal year 2023-24 (FY24).

SFPL will become a wholly-owned subsidiary of KMBL once the transaction is approved by the Reserve Bank of India (RBI).

  • SFPL is a Non-Banking Finance Company and Microfinance Institution (NBFC-MFI).

Sonata Finance Pvt Ltd (SFPL)
i.Anup Kumar Singh acquired SFPL in January 2006 and converted it to an NBFC-MFI on December 3, 2013. It is headquartered in Lucknow, Uttar Pradesh.
ii.As of December 31, 2022, SFPL has Rs. 1,903 crore in Assets Under Management (AUM), serving a customer base of 9 lakh with 2,882 employees.
iii.SFPL offers microfinance services to the economically weaker section of society, particularly to women, through the joint liability group (JLG) and individual lending (IL) models.
Key Points:
i.The acquisition will provide KMBL access to 502 branches in 10 states as well as 9 lakh more female customers.
ii.The acquisition would be used by KMBL to expand its operations in the rural and semi-urban markets in the northern Indian states.
Note: The last time KMBL purchased an NBFC-MFI was in 2017, when it paid a total of Rs. 139.2 crore in all-cash for 99.49% of the equity shares of BSS Microfinance.
About Kotak Mahindra Bank Limited (KMBL):
MD & CEO – Uday Kotak
Established – 2003
Headquarters – Mumbai, Maharashtra
Tagline – Let’s Make Money Simple


Gaganyaan Mission: ISRO & Indian Navy conducts Initial Recovery Trials

On 7th February 2023, the Indian Space Research Organisation (ISRO) and the Indian Navy carried out initial recovery trials of the Crew Module in the Water Survival Test Facility (WSTF) in Kochi, Kerala for the Gaganyaan mission, India’s human space flight mission.

  • A Crew Module Recovery Model (CMRM) was used for the trial that simulates the mass, the centre of gravity, outer dimensions, and externals of the actual Crew Module at touchdown.
  • According to ISRO, the Gaganyaan project will demonstrate the capability of human spaceflight by sending its three crew members into a 400 km orbit for a 3-day mission and safely bringing them back to land in Indian sea waters.

International Day of Women and Girls in Science 2023 – February 11United Nations (UN)’s International Day of Women and Girls in Science is annually observed across the globe on February 11 to promote the full and equal access and participation of women in Science, Technology, Engineering and Mathematics (STEM) fields.

  • The day celebrates women and girls who have devoted themselves to science and the advancement of human knowledge and understanding as students, researchers, and practitioners.

11th February 2023 marks the observance of the 8th International Day of Women and Girls in Science.
The theme of International Day of Women and Girls in Science 2023 is “Innovate, Demonstrate, Elevate, Advance, Sustain. (IDEAS): Bringing communities Forward for sustainable and equitable development”.
Background:
i. The United Nations General Assembly (UNGA) adopted the resolution A/RES/70/212 on 22nd December 2015 and proclaimed February 11 of every year as the International Day of Women and Girls in Science.
ii. The 1st ever International Day of Women and Girls in Science was observed on 11th February 2016.
About the UN Women:
Executive Director- Sima Bahous
Headquarters- New York, USA
Establishment- 2010


World Unani Day 2023 – February 11World Unani Day is annually observed across the globe on February 11 to create and spread awareness about health care delivery through the Unani system of medicine. The day also commemorates the birth anniversary of Mohammad Ajmal Khan, better known as “Hakim Ajmal Khan”, a great Indian Unani Scholar and social reformer.

  • 11th February 2023 marks the 155th anniversary of Mohammad Ajmal Khan.

The theme of World Unani Day 2023 is “Unani Medicine for Public Health”.

  • The day marks the contribution of Mohammad Ajmal Khan to the growth of Unani medicine in India and globally.

i. The Ministry of Ayurveda, Yoga, Naturopathy, Unani, Siddha, Sowa-Rigpa and Homoeopathy (AYUSH), Government of India has declared the birth anniversary of Hakim Ajmal Khan, February 11 of every year as the World Unani Day to recognise his contribution towards the development of Unani medicine in India and across the globe.
ii. The 1st ever World Unani Day was observed on 11th February 2017 at the Central Research Institute of Unani Medicine (CRIUM) (now National Research Institute of Unani Medicine for Skin Disorders (NRIUMSD)), Hyderabad, Telangana.
About the Central Research Institute of Unani Medicine (CRIUM):
CRIUM (NRIUMSD) is a decentralized Institute working under the Central Council for Research in Unani Medicine (CCRUM).
Director In-Charge- Dr Ahmed Minhajuddin
Headquarters- New Delhi, Delhi.
Establishment- 1971


World Day of the Sick 2023 – 11th February 

World Day of the Sick annually observed across the globe on February 11 marks the annual day of prayer for the sick. The day was established by Pope John Paul II in 1992 as a way to offer hope and comfort to those who are suffering from illness.

  • The day also marks the Feast day of Our Lady of Lourdes in honour of the Marian apparitions that were said to have been seen in and around Lourdes, France
  • 11th February 2023 marks the 31st World Day of the Sick.

The theme of the 2023 observance is “Take care of him: Compassion as a synodal exercise of healing”,


Rajasthan CM Ashok Gehlot Unveiled the State Budget for 2023-24

Ashok Gehlot, the Chief Minister (CM) of Rajasthan and Minister of Finance, presented the state’s 2023–24 budget. For the first time, the state budget was streamed live to all state government offices and private colleges.
Highlights of the Rajasthan Budget 2023-24
i.The Liquefied petroleum gas (LPG) subsidy will benefit at least 76 lakh families under the Ujjwala scheme, who would receive LPG cylinders at Rs 500.
ii.The Rajasthan government would provide free electricity of up to 2,000 units to 11 lakh farmers.
iii.In response to the paper leak controversy, the state suggested a One-Time Registration (OTR) Mechanism for competitive exams for job applicants.
iv.The annual family limit for medical coverage under the Chiranjeevi Swasthya Bima Yojana (Health Insurance Scheme) has been raised from Rs. 10 lakh to Rs. 25 lakh.
About Rajasthan:
Chief Minister (CM) – Ashok Gehlot
Governor – Kalraj Mishra
Wildlife Sanctuaries – Gajner Wildlife Sanctuary; Kaila Devi Sanctuary
Tiger Reserves – Ranthambore Tiger Reserve; Ramgarh Vishdhari Tiger Reserve


Assam Govt approves Assam Industrial and Investment Policy (Amendment), 2023On February 9, 2023, the State Cabinet of Assam chaired by Chief Minister (CM) Himanta Biswa Sarma cleared the Assam Industrial and Investment Policy (Amendment), 2023.
Objective behind this amendment:
To amend the existing policy for attracting global investment through customized incentives for implementation of mega projects in the state and to make Assam a globally-competitive investment destination.
Key Points:
i.Under the customized incentives for implementation of mega projects, there will be initial investment of Rs 100 crore and 200 permanent employments with all non-skilled/ grade 3 and 4 employees to be from within the state.
ii.The amended policy will include capital investment/ production linked subsidy, subsidy on power tariff, land, stamp duty reimbursement etc.
iii.There will also be an empowered committee, chaired by Assam’s Industries and Commerce minister (Currently- Bimal Bora), under the provisions of the amended policy.
Other approvals by State Cabinet:
i.The Assam factories (Amendment) Rules, 2023′ was approved in view of certain omissions and errors in the existing provisions.
ii.Approval for Power Purchase Subsidy of Rs 150 crore to Assam Power Distribution Company Ltd (APDCL) for easing the burden on consumers.

  • This will allow APDCL to mitigate the revenue gap claimed in the tariff petition and avoid a hike in retail tariff for fiscal 2022-23.

iii.The Cabinet also approved new service rules for persons appointed in the technical wing of the Panchayat and Rural Development department.
iv.There is also an approval to the World Bank-funded Assam State Secondary healthcare Initiative for Service delivery Transformation (ASSIST)’ project for Rs 2,529.17 crore to improve district-level healthcare services.
About Assam:
Governor– Prof. Jagadish Mukhi
Capital– Dispur
National Parks– Kaziranga National Park, Manas National Park, and Dibru – Saikhowa National Park


UP Government launches Portal for Family ID – “One Family, One ID”

The Uttar Pradesh (UP) Government has launched the portal for creation of “Parivar Pehchan (Family Identity (ID))-One Family One ID” to identify families as a unit to implement the ‘One Family One Job’ scheme.
Aim: To give free or discounted rations to families without ration cards who are ineligible for the National Food Security Scheme.
Key Highlights:
i. The database entered in the portal will help with better beneficiary scheme management, timely targeting, and transparent operation, giving 100% of the benefit of the scheme to eligible persons, and streamlining public access to government services.
ii. Families without jobs can be recognised and given priority access to suitable employment opportunities on the basis of the integrated database gained through Parivar Pehchan Patra (Family ID).
iii. The National Food Security Scheme currently provides benefits to 14.92 crore people and 3.59 crore families in Uttar Pradesh.
iv. The “One Family One Identity” portal was developed to provide a 12-digit unique family ID to those families which were not ration card holders.
About Uttar Pradesh:
Chief Minister (CM)- Yogi Adityanath
Governor- Anandiben Mafatbhai Patel
Airports- Gorakhpur Airport; Agra Airport (now Pandit Deen Dayal Upadhyaya Airport)
Festivals- Ganga Dussehra; Buddha Purnima

Current Affairs- 11 February 2023

MoRD Minister Giriraj Singh launches Mission Antyodaya Survey 2022-23i.On February 9, 2023, the Union Minister Giriraj Singh, Ministry of Rural Development (MoRD) inaugurated Mission Antyodaya Survey (MAS) 2022-23 including launching of its portal and mobile application at a function in New Delhi, Delhi.
ii.Based upon the Central Government’s ‘Whole of Government Approach’, it is an annual survey at the Gram Panchayat (GP) level to monitor the progress in the development process in rural areas. It is being conducted by the Department of Rural Development across all GPs in India since 2017-18.
iii.MAS 2022-23 will be conducted in all 2,69,253-gram panchayats and equivalent, whose profile has been created on e-Gram Swaraj.


Ashwini Vaishnaw launches ‘Digital Payments Utsav’ to Promote Digital TransformationThe “Digital Payments Utsav”, a comprehensive campaign aiming at promoting digital payments across India, has been launched by Union Minister Ashwini Vaishnaw, Ministry for Electronics and Information Technology (MeitY).

i.This campaign, which is a part of the G20 Digital Economy Working Group (DEWG) event, aims to highlight India’s path towards digital transformation.

  • It will take place from February 9, 2023 to October 9, 2023 through a number of initiatives and events.

Various initiatives with respect to digital payment in India  
i.The National Payments Corporation of India (NPCI) is mandated to take the lead in the development of the digital credit system, which will be fully implemented in 2023.
ii.UPI 123 Pay is now accessible in more than 20 regional languages through a collaboration between UPI and the National Language Translation Mission (Mission Bhashini).
About Ministry for Electronics and Information Technology (MeitY):
Union Minister – Ashwini Vaishnaw (Rajya -Sabha Odisha)
Minister of State (MoS) – Rajeev Chandrasekhar (Rajya Sabha – Karnataka)


GoI Approves the Commercial Release of Nano-DAPThe Ministry of Agriculture and Farmers Welfare (MoA&FW) has approved the commercial release of nano-diammonium phosphate (nano-DAP), which is intended to minimise fertiliser subsidy and import dependence.

  • The nano-DAP will be manufactured by India Farmers Fertiliser Cooperative (IFFCO) and Coromandel International.

Backdrop  
i.Following the completion of biosafety and toxicity studies, the Indian Council for Agricultural Research (ICAR) approved the provisional release of nano-DAP for one year.
ii.The cooperative IFFCO introduced liquid nano urea as a substitute for conventional urea in June 2021.

  • IFFCO and Rashtriya Chemicals and Fertilizers began commercial production of nano urea on August 1, 2021.

iii.Retail prices of phosphatic and potassic (P&K) fertilisers, including DAP, were “decontrolled” in 2020 with the implementation of a “fixed subsidy” regime as part of the government’s twice-yearly nutrient-based subsidy (NBS) mechanism.
Note: As an alternative to conventional urea, liquid soil nutrients provide nitrogen to plants.
Current state of DAP requirements in India
i.India imports roughly 25% of its annual urea consumption, while more than half of the nation’s DAP supplies come from West Asia and Jordan.

  • Imports contribute for nearly one-third of total domestic soil nutrient usage, which is estimated to be around 60 million tonnes per year.

ii.According to revised estimates, the fertiliser subsidy for the current fiscal year 2022-23 (FY23) is projected to be Rs 2.25 trillion, up 39% from Rs 1.62 trillion in 2021–22 (FY22).

  • It is primarily related to a rise in the price of Liquefied Natural Gas (LNG), a crucial component in the manufacturing of urea, and fertilisers on a global scale.

iii.According to rating agency ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited), the fertiliser subsidy is anticipated to be close to Rs 2 trillion in 2023–24.
Key Points:   
i.Currently, one bag of conventional DAP costs Rs. 1,350, while a bag costs Rs. 4,000.

  • IFFCO plans to offer 500-ml bottles of nano-DAP for roughly Rs. 600-650, which will be equivalent to a bag of conventional soil nutrient.
  • The difference between actual costs and farmer prices is covered by the Government of India (GoI) under the fertiliser subsidy umbrella.

ii.The GoI’s fertiliser subsidy could be significantly reduced over the next few years if nano-urea and nano-DAP are widely used.

  • Nano Urea has an efficiency of more than 80%, whereas conventional urea has an efficiency of around 40%.
  • The use of nano urea increases yield by 3–16%.

GAIL became India’s 1st Oil, Gas PSU to Sign Advance Pricing Agreement with CBDTGAIL (India) Limited entered into an Advance Pricing Agreement (APA) with the Central Board of Direct Taxes (CBDT) for determining the transfer pricing margin payable on its long-term LNG ( Liquefied natural gas ) sourcing contract from the United States (US) for 5 years.

  • GAIL became India’s first oil & gas Public Sector Undertakings (PSUs) sector to successfully sign the APA.

About APA Programme:
i.The APA scheme was launched in 2022 to enhance the government’s goal of promoting a non-adversarial tax system and improving the ease of doing business in India.
ii. APA programmes are operational in a number of countries like Canada, the USA, Japan the and UK for almost 30 years.
iii.They will provide certainty to taxpayers in respect of the transfer price of the cross-border transactions undertaken by such taxpayers with their group entities.
iv.Advantage of APA:

  • In the case of Cross border transactions, Multi National Enterprises are facing numerous tax disputes on the issue of transfer pricing.
  • The APA will resolve transfer pricing issues in advance i.e., before the cross-border related party transaction actually takes place by transferring the price of goods and services between group entities is decided in advance by the tax authorities and the taxpayers.

Cause for India’s Entry into APA:
i.To replace the supply from a former trading arm of Gazprom, which has not delivered on scheduled shipments since May, 2022.

  • Backdrop: In 2012, Gazprom’s former subsidiary, Gazprom Marketing and Trading Singapore (GMTS) entered into a 20-year contract to supply GAIL with 2.85 million tonnes of LNG a year.
  • The supplies under the deal had started in 2018 and the full volume was expected to be reached in 2023.
  • But after the Russian invasion of Ukraine, Germany seized control of Gazprom Germania in April, housing it under Gazprom Germania GMBH.

ii.Thus now GAIL is depending on the US to secure a stable supply of LNG cargoes. Already it has 2 contracts to buy a combined 5.8 million tons per year of LNG from the US.
About GAIL(India) Limited
Headquarters –  New Delhi, Delhi
Establishment – August 1984
Chairman & Managing Director (CMD) -Sandeep Kumar Gupta


GSI discovered Lithium Reserves for the 1st Time in India at Salal-Haimana, J&KGeological Survey of India (GSI), an attached office to the Ministry of Mines, has discovered lithium inferred resources(G3) for the first time in India. A 5.9 million tonnes of lithium inferred resources have been established at Salal-Haimana in the Reasi district of the Union Territory (UT) of Jammu and Kashmir(J&K).

  • This was announced on 9th February 2023 by Vivek Bharadwaj, Secretary of the Ministry of Mines, during the 62nd Central Geological Programming Board (CGPB) meeting in New Delhi, Delhi.
  • He handed over 16 resource-bearing geological reports (G2 & G3 stage) and 35 Geological memorandums to respective state governments during the 62nd CGPB meeting.

Note: Mines at the preliminary stage of exploration are also known as G3.
Lithium:
i. Lithium, a non-ferrous metal. is a vital part of rechargeable batteries used in electric vehicles, laptops, digital cameras, mobile phones, and other electronic devices.
ii. It is also used in some non-rechargeable batteries for devices like clocks, toys, and heart pacemakers.
Key Points:
i. The Ministry of Mines reports that 51 mineral blocks, including Lithium and Gold, have been given to the respective state governments.

  • These 51 mineral blocks, which are located in the 11 states of J&K, Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, and Telangana, contain five blocks of gold and other blocks of commodities like potash, molybdenum, base metals, etc.

ii. The blocks were created based on the work completed by GSI from the 2018–19 field seasons until the present.
iii. The Ministry of Coal also received 17 reports with a combined total of 7897 million tonnes of coal and lignite.
iv. India is currently dependent on imports of several other minerals, including lithium, nickel, and cobalt.
Note: GSI in realizing the commitment made by GoI for the auction of 500 blocks by submitting 287 geological memorandum and 195 G2&G3 reports to the state government since 2015.
The 62nd Central Geological Programming Board (CGPB) meeting:
i. Seven Publications on different themes and intervention areas in which GSI operates were also released during the 62nd CGPB Meeting.
ii. The proposed Annual Programme for the upcoming Field Season 2023–2024 was presented and discussed.

  • The following year, 2023–2024, will see GSI undertaking 966 initiatives, including 318 projects for mineral exploration, including 12 for marine mineral research.

About the Ministry of Mines: 
Union Minister- Pralhad Joshi (Constituency- Dharwad, Karnataka)
Minister of State- Raosaheb Patil Danve (Constituency-Jalna, Maharashtra)
About the Geological Survey of India (GSI):
Director General- S Raju
Headquarters- Kolkata, West Bengal
Establishment- 1851


GQII 2021: India’s Accreditation System under QCI Ranked 5th; Overall QI system Rank at 10The National accreditation system of India under the Quality Council of India (QCI) was ranked 5th globally in the Global Quality Infrastructure Index (GQII)2021. India’s overall QI (Quality infrastructure) system ranking continues to be in the Top 10 unchanged from GQII 2020 at the 10th position, with a GQII score of 0.932.
What is GQII 2021?

  • The GQII Index is a pioneer in measuring the development status and dynamics of QI worldwide.
  • The GQII ranks 184 countries according to the relative development of their QI. A formula calculates a score for each country based on its position in the sub-rankings for metrology, standards and accreditation (the 3 QI pillars).
  • A  country that ranks first in all areas would score 1. In the GQII 2021, the top-ranked country (Germany) scored 0.9958,  while the lowest-ranked country  (Timor-Leste) scored 0.1190.

Key Points:
India’s Sub Rank in GQII 2021: Sub rank at Other QI areas: In the case of the standardization system (under BIS) India got the 9th rank and in terms of metrology system (under NPL-CSIR) India was at 21st position in the world.
*NPL-CSIR – National Physical Laboratory under the Council of Scientific & Industrial Research; BIS – Bureau of Indian Standards


Bank of India Multi Cap Fund launched by BOI Investment Managers Private LimitedBank of India (BoI) Investment Managers Private Limited (Investment Manager for Bank of India Mutual Fund) launched ‘Bank of India Multi Cap Fund’ for investors to diversify their portfolio across large, mid and small cap market cap categories.

  • The New Fund Offer (NFO) for the scheme opens for subscription on February 10 till February 24, 2023.
  • The scheme will be managed by Nitin Gosar.

Objective:
To generate long-term capital appreciation by investing in equity and equity-related securities across various market capitalisations.
Key Points:
i.The multi cap allocation strategy includes a spread of minimum 25% of its total assets each in large, mid, and small cap companies
ii.The minimum initial investment in the scheme is Rs 5,000 and Re 1 thereafter.
iii.The scheme will be benchmarked against S&P BSE 500 TRI (first tier).
About Bank of India Investment Managers Private Limited:
CEO– Mohit Bhatia
Headquarters– Mumbai, Maharashtra


ADB Approves USD 130 Million Loan for Horticultural Sector in HPThe Asian Development Bank (ADB) has authorized a USD 130 million (over Rs. 1,072 crore) loan to Himachal Pradesh (HP) to boost agricultural production and promote horticulture agribusinesses in order to increase farmers’ income.

  • The “Himachal Pradesh Subtropical Horticulture, Irrigation, and Value Addition Project” will help at least 15,000 agricultural households in Bilaspur, Hamirpur, Kangra, Mandi, Sirmour, Solan, and Una in HP enhance their income and resilience to the effects of climate change.

Significance of the project

  • The project will restore and construct new irrigation facilities and hence improve on-farm irrigation and water management on around 6,000 hectares (ha) of farmland.
  • Additionally, it will create new water sources, enhance the capacity of Water Resources Department (Jal Shakti Vibhag), and support water user associations.

Key Points:  
i.Farmers will be organised into district-wide and cluster-wide Community Horticulture Production and Marketing Associations (CHPMAs).
ii.The use of intercropping, beekeeping, and other modern agronomic techniques will be introduced to farmers.
iii.To ensure profitability and market access for subtropical horticulture, a Farmer Producer Company (FPC) will be established at the state level to oversee agribusiness development.
iv.The FPC will be in charge of creating business plans, promoting agribusiness, and designing value-added facilities such sorting and packaging facilities and storage and collection facilities.
About Asian Development Bank (ADB):
President – Masatsugu Asakawa
Established – 1966
Members – 68 members (49 from the region)
Headquarters – Mandaluyong City, Manila, Philippines


Karnataka’s DCTE & Samsung’s SSIR signs MoU to set up AI Industrial IoT lab in Govt Polytechnics

On 9th February 2023, the Department of Collegiate and Technical Education (DCTE), the Government of Karnataka, and Samsung Semiconductor India Research (SSIR),  a subsidiary of Samsung Electronics signed a Memorandum of Understanding (MoU) to set up artificial intelligence (AI) “Industrial Internet of Things(IoT) Labs” (IoT Innovation Labs) in 35 Government Polytechnics across Karnataka.

  • P. Pradeep, Commissioner, DCTE and Balajee Sowrirajan, Vice-President & Managing Director (MD) of SSIR signed the MoU in the presence of Dr C.N. Ashwath Narayan, Minister for Information Technology and Bio-Technology, Government of Karnataka

The project costs Rs 1.52 crore and also includes setting up AI labs in at least two institutions.

  • These labs contain equipment and innovations that can be used for a variety of Science, technology, engineering, and mathematics (STEM) projects, including unmanned aerial vehicles (drones), automobiles, bio-medical applications, agritech, biotech, and other prospective STEM applications.       

Pfizer Limited appoints Meenakshi Nevatia as additional director & MD 

Pfizer Limited (Pfizer India), Pfizer Inc’s commercial business in India, has appointed Meenakshi Nevatia as Additional Director and Managing Director (MD) of Pfizer Ltd for a period of 5 years with effect from 3rd April 2023. Meenakshi Nevatia will succeed S Sridhar who will be stepping down as Managing Director and Member of the Board on 31st March 2023.

  • Meenakshi Nevatia is an experienced business leader with more than 30 years of consulting and leadership experience with top companies including McKinsey & Company, Novartis Pharmaceuticals, and Stryker Corporation.
  • She has held many general management positions across multiple markets such as Thailand, Spain (Iberia), and India. She has worked in more than 8 countries (developed and emerging).
  • The appointment of Meenakshi will be subject to the approval of shareholders through the Postal Ballot and the central government. 

CCI Approvals for Merger and Acquisition of Various Entities – 9th February 2023On 9th February 2023, the Competition Commission of India (CCI) approved the following acquisition and mergers,

  • Acquisition of 100% equity and preference shares of Lanco Anpara Power Limited by Megha Engineering and Infrastructures Limited Group.
  • Internal restructuring involving certain subsidiaries of Keimed Private Limited.
  • Acquisition of 20% equity share capital of Keimed by Shobana Kamineni through Prime Time Logistics Technologies Private Limited.
  • Acquisition of the textile effects business of Huntsman International by Archroma Operations S.à.r.l.
  • Subscription of Compulsorily Convertible Preference Shares of Hero Future Energies Global Limited by Ardor Holdings II Pte. Ltd.
  • Acquisition of up to 25% shareholding in Hindustan Ports Private Limited (HPPL), by the National Investment and Infrastructure Fund(NIIF) and the proposed merger of Hindustan Infralog Private Limited (HIPL) into HPPL.

About the Competition Commission of India (CCI):
Acting Chairperson– Sangeeta Verma
Establishment – 2003
Headquarters – New Delhi, Delhi


Alibaba leaves India and sells its entire stake of 3.16% equity in PaytmOn 10 February 2023, Alibaba Group Holding Limited (Alibaba), a Chinese multinational technology company owned by Jack Ma, sold its entire stake of 3.16% equity (2.1 crore shares) for around Rs 13,600 crore in a block transaction of One97 Communications Ltd. (OCL), the parent company of Paytm.

  • Alibaba, which held 6.26% of Paytm as of September 2022, sold a 3.1% share in the company for USD 125 million in a block sale in January 2023.

Background:
i. Alibaba has been offloading stakes in listed new-age technology companies in India amid a sharp erosion in the value of its investments.
ii. This deal almost completes Alibaba’s exit from India. Earlier, Alibaba had sold its stakes in Zomato and BigBasket.

  • In December 2022, Alibaba has reportedly diluted its stake in Zomato to 10% from 13%.
  • In 2021, Tata Group bought a majority stake in BigBasket, resulting in the exit of Alibaba from the online grocer.

Key Highlights:
i. Paytm’s share price has increased over the past few days after it revealed operating profitability in its Q3FY23 earnings with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) before ESOP (Employee Stock Ownership Plan) cost at Rs 31 crore.
ii. Paytm’s operational revenue increased to Rs 2,062 crore, a rise of 42% on an annual basis.

  • It was followed by the comprehensive operating update for January 2023 that Paytm filed with the stock market in February 2023.
  • The company’s key payments and lending business have continued to witness sustained growth momentum.

About Paytm:
Chief Executive Officer (CEO)- Vijay Shekhar Sharma
Headquarters- Noida, Uttar Pradesh
Establishment- 2010
About Alibaba Group Holding Limited:
CEO- Daniel Zhang
Headquarters- Hangzhou, China
Establishment- 1999


ISRO launches SSLV-D2 with 3 satellites from Sriharikota, APi.On February 10, 2023, the Indian Space Research Organisation (ISRO) launched the 2nd edition of the Small Satellite Launch Vehicle (SSLV-D2) from the first launch pad of Satish Dhawan Space Centre (SDSC) at Sriharikota, Andhra Pradesh (AP).
ii.It carried the following 3 satellites weighing 175.2 kg to put them into a 450 km circular orbit:

  • ISRO’s Earth Observation Satellite-07/EOS-7
  • AzaadiSAT-2
  • Janus-1

iii.This launch demonstrated the designed payload capability of SSLV in LEO (Low Earth Orbit), and also marked ISRO’s first launch of 2023.
About Indian Space Research Organisation (ISRO):
Chairman – S. Somanath
Headquarters– Bengaluru, Karnataka
Establishment– 1969


Oscar & Grammy-Winning American Composer Burt Bacharach Passed AwayOn 8th February 2023, American Composer, Burt Bacharach, who won 3 Oscars in 1982 and 1970 (twice) and eight Grammys, passed away in Los Angeles, California, United States of America (USA) at the age of 94. He was born on 12th May 1928 in Kansas City, Missouri, USA.
About Burt Bacharach:
i. Burt Bacharach, who began his career in music in the late 1950s, is a singer, composer, and songwriter.
ii. He was known for composing pop songs, but he also wrote melodies for country music artists along with rhythm and blues, soul and more.

  • More than 1,000 different singers have covered his songs, and Dionne Warwick was the subject of several of Burt Bacharach’s hits.

iii. He also composed the soundtracks for several films, including “What’s New, Pussycat?,” “Alfie,” and the 1967 James Bond parody “Casino Royale.”
iv. Burt Bacharach made a cameo appearance in the 1999 hit movie “Austin Powers: The Spy Who Shagged Me,” playing the piano and singing “What the World Needs Now” with Mike Myers and Vanessa Williams.
Collaboration:
Burt Bacharach wrote songs for many musicians, including Dionne Warwick, Aretha Franklin, Dusty Springfield and Tom Jones.
Famous Works:
Since the 1950s, he had top 10 hits including “I Say a Little Prayer,” “I’ll Never Fall in Love Again,” and “Walk on By,” which Dionne Warwick recorded. “Mexican Divorce” (1962), “Don’t Make Me Over” (1962), and “The Look of Love” (1967) are some of his famous works.
Awards:
i. Burt Bacharach won his 1st Oscar (Academy Awards, USA) in 1970 for the score of “Butch Cassidy and the Sundance Kid” and for the song “Raindrops Keep Fallin’ on My Head”. In 1982, he shared the Oscar with his then-wife Carole Bayer Sager for “Best That You Can Do,” the theme from “Arthur”.
ii. He won Grammy awards in 2008, 2006, 1999, 1997, 1987, 1970 (twice), and 1968. In 1971, he was awarded the Primetime Emmy Award.
iii. He also won BAFTA Awards (1971), ASCAP Film and Television Music Awards (1991 & 1988), Golden Globes, USA (1982 & 1972), Laurel Awards (1970), and more.


CoAS Gen Manoj Pande released Times Group Book titled “A Chronicle of Central Command – Savdhaan”

On 9th February 2023, Manoj Pande, Chief of Army Staff (CoAS)General, released a book titled “A Chronicle of Central Command – Savdhaan”, authored by Lt Gen Vivek Kashyap, Chief of staff of the Central Command (Surya Command), and Vikram D Souza, in New Delhi, Delhi. The book was designed and produced by the Times Group, a media company.

  • The book is a compilation and documentation of the proud heritage and transitions with deep research and creativity.
  • The book highlights the Central Command’s unique status within the Army, as well as its role and growing importance over the previous 60 years.
  • The operational tasks of the command have greatly increased since its formation in May 1963. The Surya Command is in charge of maintaining a constant watch along the Line of Actual Control (LAC) in Uttarakhand and Himachal Pradesh. It has a presence across eight states.

World Pulses Day 2023- February 10United Nations (UN)’s World Pulses Day (WPD) is annually observed across the globe on February 10 to recognise the value of these food items and to increase knowledge of the nutritional benefits of consuming a variety of foods, including pulses.

  • The theme of World Pulses Day 2023 is “Pulses for a sustainable future”.

WPD is also observed to educate the public about pulses and the fundamental role they play in the transition to MORE efficient, inclusive, resilient, and sustainable agrifood systems for greater production, better nutrition, a better environment, and a better life for everyone.
Aim:
WPD aims to spread awareness about the nutritional and environmental benefits of pulses as part of sustainable food production.
Background:
i. Building on the success of the International Year of Pulses (IYP) in 2016 implemented by the Food and Agriculture Organization (FAO) of the UN and recognising the potential of pulses to advance the achievement of the Sustainable Development Goals (SDG) 1, 2, 3, 5, 8, 12, 13, and 15 in the 2030 Agenda for Sustainable Development.
ii. The United Nations General Assembly (UNGA) adopted the resolution A/RES/73/251 on 20th December 2018 and proclaimed February 10 of every year as World Pulses Day.

  • Burkina Faso, a landlocked country in West Africa, proposed the observance of World Pulses Day.

iii. The 1st ever World Pulses Day was observed on 10th February 2019.
About the Food and Agriculture Organization of the United Nations (FAO):
Director-General- Qu Dongyu
Headquarters- Rome, Italy
Establishment- 1945


National Deworming Day 2023 – February 10 The National Deworming Day(NDD) is annually organised in all states and Union Territories (UTs) across India on February 10, with a mop-up day on February 15 with an aim to eradicate intestinal worms also referred to as Soil-Transmitted Helminths (STH), among children of age 1-19 years.

  • The National Deworming Day(NDD) is conducted as a bi-annual round on 10th February and 10th August.
  • The 1st round is conducted in February and the 2nd round is conducted in August.

Background:
i.The NDD is an initiative of the Ministry of Health and Family Welfare(MoH&FW), Government of India(GoI) which aims to ensure that every child in India is worm-free.
ii.In February 2015, the MoHFW launched the NDD as a part of the National Health Mission(NHM) in 11 states and UT:  Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli, Haryana, Karnataka, Maharashtra, Madhya Pradesh, Rajasthan, Tamil Nadu, and Tripura.

  • The first round of NDD was conducted in February 2015 and achieved coverage of 85%.

Pawan Hans launches Multiple Helicopter Routes in Assam under RCS UDAN

On February 8th, 2023,  helicopter service provider, Pawan Hans Limited (PHL), a central public sector undertaking under the Ministry of Civil Aviation (MoCA), launched its helicopter services on 6 routes in Assam under the RCS UDAN Scheme (Regional Connectivity Scheme- Ude Desh ka Aam Naagrik).
The new helicopter services will provide connectivity on the “Dibrugarh-Jorhat-Tezpur-Guwahati-Tezpur-Jorhat-Dibrugarh” network

  • The RCS UDAN of the MoCA is focusing especially on bringing air connectivity to the remote areas of the northeastern states that have inadequate rail and road connectivity.
  • RCS UDAN Helicopter services in the state of Assam would improve air connectivity inside the state by providing the fastest means of transportation to connect Tezpur, Jorhat, and Dibrugarh from the State capital, Dispur.

Note: Services will be provided three days a week: Monday Wednesday and Friday. PHL has been awarded 86 routes under the RCS UDAN scheme in six states.

Current Affairs- 10 February 2023

MoD signed Contract with L&T to Procure 41 Modular Bridges Worth Rs 2585 crore for Indian ArmyOn 8th February 2023, the Ministry of Defence (MoD) signed a contract with Larsen & Toubro(L&T) to procure 41 indigenous Modular Bridges for the Corps of Engineers of the Indian Army, a combat support arm which provides combat engineering support, develops infrastructure for armed forces.

  • The bridges will be procured at an estimated cost of over Rs 2,585 crore.
  • The Modular Bridges were designed and developed by Defence Research and Development Organisation (DRDO) and will be produced by L&T as a DRDO-nominated production agency.
  • This will boost the indigenisation of defence equipments, in line with the  ‘Aatmanirbhar Bharat’ mission.

Note: This project exhibits India’s growth in designing and developing world-class military equipment.
About Modular Bridges:
i.The set of  Modular Bridge will consist of  7 carrier vehicles based on 8×8 Heavy Mobility Vehicles and 2 launcher vehicles based on 10×10 Heavy Mobility Vehicles.
ii.Each set will be capable of mechanically launching a single-span fully decked 46-meter assault bridge.
iii.The Modular Bridges can be employed over obstacles like canals & ditches with quick launching and retrieval capabilities.
iv.This highly mobile, versatile, rugged equipment is also capable of keeping pace with wheeled and tracked mechanized vehicles.
Benefits: 
i.The advantages of the Modular Bridges over the MGB include the increased span, less time for construction and mechanical launching with retrieval capability.
ii.These modular bridges will enhance the bridging capabilities of the Indian Army on the Western Front.


Highlights of RBI’s Bi-monthly Monetary Policy of FY23; Repo Rate raised to 6.50%i.The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) met on February 6-8, 2022 , and released the Monetary Policy Statement, 2022-23 Resolution of the MPC which projected India’s real Gross Domestic Product (GDP) growth to 6.4% for FY24 (lower than 7% in FY23) with FY24’s Q1 at 7.8%, Q2 at 6.2%, Q3 at 6%, and Q4 at 5.8%.
ii.The stance is to focus on withdrawal of accommodation.
iii.Consumer Price Index (CPI) inflation or retail inflation is projected at 5.3% for FY24, with FY24’s Q1 at 5%, Q2 at 5.4%, Q3 at 5.4%, and Q4 at 5.6%.
iv.RBI proposed to permit all inbound travellers to India to use Unified Payments Interface (UPI) for their merchant payments (P2M) while they are in India.
v.RBI will launch a pilot project on QR Code based Coin Vending Machine (QCVM) in 12 cities.
About Reserve Bank of India (RBI):
i.The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
ii.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.
iii.Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.


MobiKwik became 1st Fintech App to Offer UPI Payments through RuPay Credit CardsMobiKwik, payment app of One MobiKwik Systems Limited,  has become the first fintech app in India to support RuPay Credit Cards on Unified Payments Interface (UPI). The National Payments Corporation of India (NPCI) has allowed Mobikwik to offer its customers the facility to make UPI payments through the RuPay credit cards.

  • Objective: To make financial services accessible to all Indians and lead the way to financial inclusion.

Key Points:
i.As the RuPay Credit Cards are now linked directly to UPI IDs, it will enable MobiKwik’s customers to make payments to merchants by scanning the UPI QR code by using UPI PIN for payment authentication.
ii.The feature will enable the acceptance of credit cards using asset-lite QR codes without the need for point-of-sale (PoS) terminals.
iii.The transaction limit for this feature will follow the existing UPI standard transaction limits.
iv.What is the limit of fund transfer using UPI?

  • For normal UPI the transaction limit is up to Rs 1 Lakh per transaction.
  • For few specific categories of transaction in UPI like Capital Markets, Collections, Insurance, Foreign Inward Remittances the transaction limit is up to 2 lakh and
  • For Initial Public Offering and Retail Direct Scheme the limit is up to Rs 5 lakh per transaction.

Recent Initiatives under UPI:
i.Recently NPCI allowed UPI platforms to onboard  non-resident account holders accounts like Non-Residential External (NRE) and Non- Resident Ordinary (NRO) from 10 countries with international mobile numbers with certain conditions.
ii.Recently, RBI has proposed to permit all inbound travellers to India to use UPI for their merchant payments (P2M) while they are in the country.
About One Mobikwik Systems Limited
Establishment – 2009
Headquarters – Gurugram, Haryana
Co-Founder, MD & CEO – Bipin Preet Singh 


Ujjivan SFB Launches App to Ease Banking Access for ‘Digitally Challenged’Ujjivan Small Finance Bank (SFB) has launched “Hello Ujjivan,” a mobile banking application featuring three Vs—voice, visual, and vernacular-enabled features—to provide banking access to people with limited reading and writing skills.

  • The app “Hello Ujjivan” was developed in collaboration with Navana.AI.

Significance of ‘Hello Ujjivan’ App
i.The ‘Hello Ujjivan’ app is designed to instill banking habits in its micro-banking and rural customers who are digitally challenged.
ii.The app is accessible by voice in 8 regional languages: Hindi, Marathi, Bengali, Tamil, Gujarati, Kannada, Oriya, and Assamese.

  • The app engine can also adapt to various dialects.

iii.Users can use voice commands to conduct banking transactions and have access to services such as loan Equated Monthly Instalment (EMI) payments, opening Fixed Deposit (FD) and Recurring Deposit (RD) accounts, transferring funds, and more.
iv.The app can interpret unstructured banking demands of customers and deliver the right outcome due to its intuitive Artificial Intelligence (AI) and machine learning (ML) capabilities.
v.At each step, the app displays a visual representation as well as a recorded voice guide in the user’s preferred language.
Key Points:
i.In the initial phase, the app will only be accessible to current users of the micro-banking service.
ii.In the following phase, Ujjivan SFB will introduce other languages and banking features, such as creating new customer accounts, paying utility bills, obtaining repeat loans, and recharging mobile and DTH devices.
iii.Currently, Ujjivan SFB serves over 72 million consumers through its 600 branches across India.
iv.Ujjivan SFB’s gross loan book is valued at Rs. 21,895 crore, and the deposit base is valued at Rs. 23,203 crore as of December 31, 2022.
About Ujjivan Small Finance Bank (Ujjivan SFB)
MD & CEO – Ittira Davis
Established – 2017
Headquarters – Bengaluru, Karnataka
Tagline – Build a Better life


Bajaj Finance Launches ‘Insurance Mall’ portal

Bajaj Finance Ltd. (Bajaj Finance) has launched a new portal named “Insurance Mall” for its customers to ensure an easy-buy experience in an effort to provide quality services and to simplify all the inconveniences consumers may face during their policy purchase.

  • The “Insurance Mall” portal offers a wide range of insurance plans and policies in addition to Bajaj Finance’s exclusive Pocket Insurance and Subscription categories.

Key Points:
i.Insurance Mall has over 250+ policies and plans designed to meet the needs of every customer, and these products are constantly updated to guarantee that they remain relevant.
ii.The policies offered in the single platform for all policies include: Health insurance, two-wheeler and four-wheeler insurance, appliance extended warranties, pocket insurance and subscriptions, and investment plans.
iii.The benefits obtained by customers while purchasing insurance plans from the Bajaj Finance Insurance Mall include: a 100% digital process; an extensive product list; budget-friendly premiums; and exclusively designed plans.
iv.In order to provide products that are best suited to the shifting demands of the industry, Bajaj Finance has also partnered with some of India’s leading insurers.
About Bajaj Finance Ltd (Bajaj Finance):
Bajaj Finance Ltd., a subsidiary of Bajaj Finserv Ltd., is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is categorized as an NBFC-Investment and Credit Company (NBFC-ICC).

  • It was founded in 1987 as Bajaj Auto Finance Limited and incorporated in 2012 as Bajaj Finance Limited.

Managing Director (MD) – Rajeev Jain
Headquarters – Pune, Maharashtra


EIB Agrees to Join IH2A & Pledges to Provide 1 Billion Euros in Funding for Large-Scale Green Hydrogen Projects in India

Kris Peeters, Vice-President of the European Investment Bank (EIB), has formally agreed to join the “India Hydrogen Alliance (IH2A)” and enhance support for large-scale green hydrogen hubs and projects across India with initial investment of Euro (€) 1 billion, subject to Indian government and EIB approvals.

  • The EIB, a lending arm of the European Union (EU) bank, is the world’s largest international public bank and a leading financier of renewable energy and climate action.

The new memorandum of understanding (MoU) with IH2A would allow the EIB to promote clean energy investment and green hydrogen development in India even more.

  • The IH2A is a worldwide and Indian industry alliance dedicated to developing a hydrogen value chain and economy in India.

Key Points:
i.The EIB is currently exploring a credit facility with the Indian government to boost the growth of the green hydrogen industry by investing in important public sectors.

  • This facility would aid India’s attempts to commercialise new green hydrogen technologies and expedite cost reductions by investing consistently in innovation, R&D, green hydrogen hubs, and pilot projects.

ii.The enhanced cooperation of IH2A will help India achieve its targets for a net-zero carbon footprint and an energy transition by implementing a national green hydrogen roadmap.

  • The IH2A is focusing on attracting global climate finance for development of large-scale hydrogen hub development in India, while working with the Government of India, state governments, global hydrogen players and Indian companies.

iii.This climate action project is part of the EU’s ‘Global Gateway Initiative’, which promotes projects that increase global and regional connectivity in the digital, climate, transport, health, energy, and education sectors.
Note: The First EU-India Green Hydrogen Forum was conducted in Delhi in September 2022 during the visit of Energy Commissioner Kadri Simson, fostering further clean energy cooperation between the EU and India.
About European Investment Bank (EIB):
President – Werner Hoyer
Founded – 1958
Headquarters – Luxembourg


Samsung Semiconductor India Research & IISc partners for R&D in electrostatic discharge protectionOn 8th February 2023, Samsung Semiconductor India Research (SSIR), a subsidiary of Samsung Electronics, announced a new partnership with the Indian Institute of Science (IISc), Bengaluru, Karnataka, to promote research and development(R&D) in the field of on-chip Electrostatic Discharge (ESD) protection.

  • This partnership strengthens IISc’s commitment to enhance industry-academia engagements that can make a significant impact in the future.

Key People:  
Balajee Sowrirajan, Corporate Vice President (CVP) & Managing Director (MD) at SSIR, Bengaluru, Karnataka, and Professor Govindan Rangarajan, Director of IISc exchanged the research agreement in the presence of delegates from SSIR and IISc.
Features of the partnership: 
i. Under this partnership, IISc will collaborate with SSIR in the crucial area of advanced nanoelectronics device research.
ii. The partnership aims to develop cutting-edge ESD device solutions to protect ultra-high-speed serial interfaces in advanced Integrated Circuits (ICs) and system-on-chip (SoC) products.
iii. Prof. Mayank Shrivastava’s group at IISc’s Department of Electronic Systems Engineering (DESE) will conduct related research on ESD protection.
iv. The solutions arising from this research will be deployed in Samsung’s advanced process nodes.
Key Points:
i. ICs and SoCs are essential for any system, from small to big, but they are very sensitive to ESD failures, especially those developed using advanced nanoscale CMOS (Complementary Metal Oxide Semiconductor) technologies.

  • ESD failures are responsible for the vast majority of IC chip failures and field returns.

ii. ESD is a rare area of expertise and industries that master the art of designing ESD protection devices and interface concepts lead the market.

  • As a result, research and development (R&D) in ESD technology for highly reliable interfaces and SoCs that operate at low power and high speed is essential to the semiconductor innovation effort.

Note: IISc is one of the world’s leading institutes for ESD device research.
About the Samsung Semiconductor India Research:
CVP & MD- Balajee Sowrirajan
Headquarters- Bengaluru, Karnataka
Establishment- 1996
About the Indian Institute of Science (IISc):
Director – Govindan Rangarajan
Headquarters- Bengaluru, Karnataka
Establishment- 1909


NOVATEK & Deepak Fertilisers Signs MoU on LNG Supply & Low-Carbon AmmoniaOn 6th February 2023, PAO NOVATEK(NOVATEK), Russia’s 2nd-largest natural gas producer, and Deepak Fertilisers and Petrochemicals Corporation Ltd. (Deepak Fertilisers) signed a non-binding Memorandum of Understanding (MoU) in the supply of LNG (Liquefied Natural Gas) and low-carbon ammonia.

  • The MoU envisages spot and long-term LNG deliveries to Deepak Fertilisers, including from the Arctic LNG 2 project.

Key Highlights:
i. The parties also intend to collaborate in the long-term supply of low-carbon hydrogen and ammonia produced with the use of carbon capture and underground storage, cracking, and renewable energy sources at NOVATEK’s future gas chemical site in Yamal, Russia.

  • The gas chemical complex’s pre-FEED (Front End Engineering Design) study was completed in 2022.

ii. Russia’s mutually beneficial energy cooperation is actively developing, and the signed MoU will contribute to its further strengthening.
iii. The high-quality, low-cost resource base, as well as advanced process and logistical solutions, will enable NOVATEK to supply competitive LNG with a low carbon footprint to India’s energy market, which is one of the world’s fastest-growing.
iv. Cooperation in the area of low-carbon hydrogen and ammonia, which we intend to produce along with LNG within an integrated cluster, will facilitate the region’s economic development and address the relevant environmental and climate issues.
About NOVATEK:
NOVATEK, the 7th-largest publicly traded company globally by natural gas production volume, was established as AOOT FIK Novafininvest, which was later changed to PAO NOVATEK).
Chairman- Leonid Mikhelson
Headquarters- Russia
Establishment- 1994
About the Deepak Fertilisers and Petrochemicals Corporation Ltd:
Chairman & Managing Director- Sailesh Chimanlal Mehta
Headquarters- Mundhwa, Pune
Establishment- 1979


Edelweiss General Insurance rebranded as Zuno General Insurance

Edelweiss General Insurance has rebranded itself as Zuno General Insurance Limited (Zuno GI), a new-age digital insurer with the ambition to reimagine and redefine insurance to make it easy, friendly, and transparent.

  • The new name embodies the company’s passion, enthusiasm, and singular focus on providing customers with the most convenient and hassle-free experience possible, powered by responsive and intuitive technology.
  • This new identity represents its young, innovative, approachable, digital native, and upbeat personality, which resonates with the Millennial and GenZ audiences.

Zuno GI has also launched a consumer study titled ‘Usage Based Insurance: Decoding Awareness, Perception and Behaviour’.

  • The study was done to assess Millennials’ and GenZ’s (Generation Z) awareness, understanding, and consideration of usage-based insurance (UBI).

TCS bags GBP 600-million deal with UK’s Phoenix Group

Tata Consultancy Services (TCS) has announced an expansion of its partnership with Phoenix Group, the United Kingdom’s (UK) largest long-term savings and retirement provider, through a contract valued at over 600 million British pound sterling (GBP).

  • TCS will use the Bell Administrative Network Communications System (BaNCS)-based platform to digitally transform Phoenix’s ReAssure business, including its administration services, as part of the agreement.
  • TCS’s regulated subsidiary in the UK on behalf of Phoenix, Diligenta, will manage customer administration and servicing for ReAssure’s 3 million policies under the terms of the agreement.
  • TCS Solution will help Phoenix in transforming end-to-end customer service through self-service across channels and analytics.

Grammy 2023: Bengaluru-based Ricky Kej wins 3rd Grammy at 65th Annual Grammy AwardsRicky Kej, an Indian music composer and environmentalist based in Bengaluru, Karnataka, has his 3rd Grammy at the 65th annual Grammy Awards(Grammy 2023) under the Best Immersive Audio Album category for the album Divine Tides.

  • He shared the award with rock legend Stewart Copeland,  the drummer of the iconic British rock band The Police.

Grammy 2023: 
The 65th annual Grammy Awards(Grammy 2023) was held at the Crypto.com Arena in Los Angeles, California, the United States of America(USA).
Grammy 2023 recognises the recordings released between 1st September 2021 and 30th September 2022.

  • The Grammy Awards, presented by the Recording Academy or National Academy of Recording Arts and Sciences, since 1957 honour musical artists, compositions and albums.

ABK Prasad chosen for PCI’s Raja Ram Mohan Roy National Award for excellence in Journalism-2020 

Veteran journalist Dr Anne Bhavani Koteswara Prasad, popularly known as ABK, has been chosen for the ‘Raja Ram Mohan Roy National Award for excellence in Journalism-2020’ for his outstanding contribution to the field of journalism.

  • The award was conferred by Justice Ranjana Prakash Desai, chairperson of the Press Council of India (PCI).
  • The award will be presented on February 28 2023 at Deputy Speaker Hall, Constitution Club of India, Rafi Marg, New Delhi.

Career of ABK:
i.He served as the chairman of the Official Language Commission from 2004 to 2009 in United Andhra Pradesh.
ii.In his career of over 75 years, he has been the editor of nearly all mainstream journals in United Andhra Pradesh.
About Raja Ram Mohan Roy National Awards for Excellence in Journalism:
i.The PCI has instituted National Awards to honour journalists excelling in print journalism in various fields from 2012 onwards.
ii.To encourage the media to pursue its duties, the main Award ‘Raja Ram Mohan Roy National Award for Excellence in Journalism’ was instituted in honour of one of the greatest reformer journalists of the country.
iii.The award carries a cash award of Rs 1Lakh, a plaque, and a citation.
About Raja Ram Mohan Roy:
i.The religious and social reformer Raja Ram Mohan Roy is the founder of the Brahmo Samaj (a monotheistic sect of Hinduism).
ii.He was known as the ‘Father of Modern India’ or ‘Father of the Bengal Renaissance’.
iii.He was the one who introduced the word “Hinduism” (or “Hindooism”) for the first time into the English language in 1816.


ATD Best Awards 2023: NTPC bags ATD Best Awards for 6th time NTPC Limited, a Maharatna Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India, has been honoured with the Association for Talent Development (ATD) Best Awards 2023 for demonstrating enterprise success in the field of Talent Development by the Association for Talent Development (ATD), United States of America (USA).

  • NTPC has won the ATD Best Awards for the sixth time.

Key Highlights:
i. NTPC’s culture has always been built on engaging employees through creative methods. The award attests to NTPC’s contemporary Human resources (HR) practices.

  • NTPC has been successful in developing an ecosystem that allows employees to grow their skill sets.

ii. NTPC won the ATD Best Award by the ATD, USA in 2017, 2018, 2019, 2020, and 2022.
iii. ATD has named 72 organisations as Best Awards 2023 winners, including 7 best of the best, organisations that have won the BEST Awards ten times or more.
About the ATD Best Awards:
i. The ATD Best Awards was established in 2003. The BEST Awards Winners’ Circle includes small and large private, public, and non-profit organisations across the globe.

  • The Association for Talent Development (ATD), formerly ASTD, is the world’s largest association in the field of Talent Development and ATD’s Best award is the most coveted recognition in L&D.

ii. This award honours organisations that demonstrate entrepreneurial spirit through talent development.
About the NTPC Limited:
NTPC Limited, formerly known as National Thermal Power Corporation Limited, is a public sector undertaking (PSU) under the ownership of the Ministry of Power, Government of India.
Chairman & Managing Director (CMD)– Gurdeep Singh
Headquarters- New Delhi, Delhi
Establishment- 1975


Italy’s Olympic skier Elena Fanchini Passed Away 

On 8th February 2023, Italian Alpine Ski Racer Elena Fanchini, who represented Italy at 3 Winter Olympics(2006, 2010, and 2014), and 6 World Championships, passed away in Solato, Brescia, Italy, at the age of 37 due to cancer. She was born on 30th April 1985 in Lovere, Italy.

  • Elena Fanchini made 4 World Cup podiums, all in downhill, including 2 victories in Lake Louise, Canada in 2005 and Cortina d’Ampezzo, Italy in 2015.
  • She won a silver medal in the downhill at FIS Alpine World Ski Championships 2005, which were held in Bormio, Italy. She raced last in 2017.
  • She announced her retirement from alpine skiing on 22nd April 2020.

South Indian Bank Partners with Telangana Government to Facilitate Online Payments South Indian Bank Ltd. (SIB) has been authorized by the Telangana government to collect government receipts on their behalf, for which SIB has signed an agreement with the Telangana government’s Directorate of Treasury and Accounts (DTA), Hyderabad, Telangana.

  • SIB is one of the six private sector banks that Telangana State has designated for the purpose of facilitating payments to the Cyber Treasury.

Key Points:  
i.Under this partnership, residents of Telangana can make payments to the state’s online treasury portal, “Cyber Treasury,” using SIB’s Internet banking platform, SIBerNet.”
ii.Residents can use this facility to pay online the fees/charges/taxes, Meeseva, Meeseva RTA, the inspector of factories, boilers, the fire department, TGBCL, the Drug Control Administration, roads and buildings, agriculture, the excise department, Ayush, panchayat raj engineering, and police intelligence.
iii.SIBerNet has a state-of-the-art facility dedicated to providing consumer services over the internet with improved convenience and security.
About South Indian Bank (SIB):
MD & CEO – Murali Ramakrishnan
Headquarters – Thrissur, Kerala
Tagline – Experience Next Generation Banking


India Health Link signs MoU with UP Govt to set up Health ATMsIndia Health Link (IHL) Private Limited, a digital health and medical device start-up,  has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh (UP) under UP’s InvestUP Programme to set up “hPod”, a Health ATMs providing screening of various health parameters at more than 4,600 community and primary health care centres in UP.

  • “hPod” will provide a non-invasive digitally-integrated ecosystem that enables Primary, Preventive, and Predictive Healthcare.

IHL, backed by the American company, Iyka Ent, has committed through signing an MoU of up to Rs 1,000 crore and opening significant job opportunities in UP over the next 5 years by establishing a manufacturing plant in UP’s 1st Medical Device Park.
What is Health ATM? 
Health ATM is a touch-screen kiosk hardware, designed for managing health-related information which allows individuals to access their personal health information through any Internet-connected web browser.
About hPod: 
i. ‘hPod’ is a self-service, walk-in Health ATM where individuals can get their screening for 20+ health vital parameters including blood pressure, weight, pulse, temperature, and ECG (electrocardiogram) done in 10 minutes and receive an instant report without any paramedic assistance.
ii. IHL has introduced a first-of-its-kind connected ‘user-centric’ and award-winning Health Pod non-invasive digitally integrated self-service, walk-in health kiosk.
About the India Health Link (IHL)Private Limited:
Director- Krishan Goel
Headquarters- Karnal, Haryana
Establishment- 2013
About Uttar Pradesh:
Chief Minister (CM)- Yogi Adityanath
Governor- Anandiben Mafatbhai Patel
Bird Sanctuary- Samaspur Bird Sanctuary, Parvati Arga Bird Sanctuary
Airport- Kushinagar International airport, Kanpur Airport


J&K Govt Launches Project to Promote Sustainable Agriculture with Focus On Organic Farming

The Government of Jammu and Kashmir (J&K) has initiated a programme “alternate agriculture system for sustainability project” to boost organic food production and increase economic returns for farmers in the Union Territory (UT). The J&K government has allocated Rs 84 crore to support the programmes over the next 5 years. The project is estimated to create around 12600 jobs and 300 enterprises in the organic agri sector.

  • This is a part of the efforts to promote sustainable agriculture, commercial agriculture, and the production of healthy food.
  • The project aims to create six to seven organic clusters per district, covering 2,000 hectares of land and converting another 2,000 hectares into organic production, including niche crops and default organic areas.
  • The programme will also train 10,000 farmer families in organic farming and establish 200 commercial and 3,000 low-cost vermicomposting units and 100 integrated organic farming systems.

Current Affairs- 09 February 2023

MoA&FW & Digital Green signs MoU to develop National Level Digital Extension Platformi.On February 6, 2023, Ministry of Agriculture & Farmers Welfare (MoA&FW) signed a Memorandum of Understanding (MoU) with Digital Green under Public Private Partnership (PPP) framework to build a national level digital extension platform.
ii.It will be launched within six months.
iii.MoA&FW will also formulate a new certification system for organic cotton, and derivatives as a part of its efforts to promote Indian export.  In this regard, the ministry will set up a committee to look into the issues of organic certification of cotton and its derivatives.
About Ministry of Agriculture & Farmers Welfare (MoA&FW):
Union Minister– Narendra Singh Tomar (Constituency- Morena, Madhya Pradesh )

Minister of state – Sushri Shobha Karandlaje  ;Kailash Choudhary 
Secretary– Manoj Ahuja


India’s G20 Presidency 2023: G20 Meetings Held in February 2023India is hosting the prestigious G20 (Group of Twenty) summit in 2023, as the country holds the G20 Presidency from December 1, 2022, to November 30, 2023.

  • The theme for India’s G20 Presidency is “Vasudhaiva Kutumbakam,” which refers to “One Earth, One Family, One Future. It is taken from the Maha Upanishad, an ancient Sanskrit text.

i.The G20 is the leading forum for economic cooperation on a global scale.
ii.G20 Members: It has 20 members, including 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom (UK), United States (US), and the European Union (EU).
iii.The first “G20 Energy Transition Working Group” (ETWG) Meeting under India’s G20 Presidency was held in Bengaluru, Karnataka, from February 5-7, 2023.
iv.The Ministry of Electronics and Information Technology (MeitY) and Meta, parent company of Facebook, have partnered for the “G20 Stay Safe Online Campaign.”
v.Meta has also launched the #DigitalSuraksha campaign to educate the youth against misinformation, with the objective of raising cyber safety awareness and protecting people from falling victim to prevailing online frauds.
About Malaysia:
Prime Minister (PM) – Anwar Ibrahim
Capital – Kuala Lumpur
Currency – Malaysian Ringgit (MYR)


Key Events of India Energy Week 2023: India hosted the AMER9, OPEC released ‘World Oil Outlook 2045’i.India hosted the 9th Asian Ministerial Energy Roundtable (AMER9) in association with the International Energy Forum (IEF) on 7 February 2023 at the India Energy Week 2023 in Bengaluru, Karnataka.
ii.The Ministry of Petroleum has signed a pact with the Paris-based International Energy Agency (IEA) for strengthening cooperation in the field of data and research and for enhancing global energy security, stability, and sustainability.
iii.As per report ‘World Oil Outlook 2045’ released by Organisation of the Petroleum Exporting Countries (OPEC) at the India Energy Week 2023, India and China alone will account for 40% of global GDP in 2045, whereas the OECD region will account for 31%.
iv.Greenko Group has signed an agreement with Belgium-based John Cockerill for supply of 28 units of 5 MW alkaline electrolysers to be installed at a green ammonia plant being set up at Una in Himachal Pradesh.
About Ministry of Petroleum and Natural Gas:
Union Minister –  Hardeep Singh Puri (Rajya Sabha  Uttar Pradesh)
Minister of state – Rameswar Teli (Dibrugarh, Assam)


K Rajaraman launches ‘IEEE C-DOT Certified Telecom Expert Program ’

On 7th February 2023, K Rajaraman, Chairman, Digital Communications Commission (DCC) & Secretary of the Department of Telecommunications, Ministry of Communications (MOC), launched the ‘IEEE C-DOT Certified Telecom Expert Program (ICCTEP)’ to bring learning in the areas of Telecom including 5G, Cyber Security and Quantum Communication to bridge the skill gap. The first program launched on the platform is on 5G and beyond.

  • The program was collaborated by the Institute of Electrical and Electronics Engineers (IEEE) and the Centre for Development of Telematics (C-DOT) to create telecommunication courses, promote and train students and professionals, create job opportunities, and bridge the digital divide.
  • It was launched during the IEEE Standards Association (IEEE SA) Workshop centred on “Next Generation Connectivity” in New Delhi, Delhi.

IEEE Blended Learning Program (BLP) aims to upskill young professionals in Wireless, Optical, Broadcasting, Telecom Validation & Security.


Shobha Karandlaje, MoS Agriculture, released NCAER Report on Farm Machinery Industry in IndiaOn 7th February 2023, Shobha Karandlaje, Union Minister of State(MoS) for Agriculture and Farmer’s Welfare, released the National Council of Applied Economic Research(NCAER)’s new report titled “Making India a Global Power House on Farm Machinery Industry” in Krishi Bhawan, New Delhi, Delhi.

  • This study was sponsored by Mahendra & Mahendra.

Note: NCAER is one of the premier economic policy research think tanks in India.
Gist of the report: 
i.The report highlights the challenges, proposes reforms and presents a vision for making India a hub for non-tractor farm machinery.
ii.The study makes a comparative assessment of the non-tractor farm machinery industry, interprets global practices, and introduces a road map to transform India into a manufacturing and export centre for non-tractor farm technology.
iii.The report also focused on India’s need to have a vision for the next 15 years to convert it into a production and export hub for non-tractor farm machinery.
Recommendations: 
The report recommends measures and reforms by benchmarking global practices that will be examined by the team of policymakers for making the best solutions in farm mechanization.
Additional info:
i.Union MoS Shobha Karandlaje stated that the Ministry of Agriculture & Farmers Welfare(MoA&FW) is promoting farm mechanization through various schemes and programmes such as Sub-Mission on Agricultural Mechanization (SMAM), Crop Residue Management (CRM), Drones promotion.
ii.She also highlighted the significance of the training and testing of agricultural machines including tractors, power tillers, and combine harvesters by Farm Machinery Training and Testing Institutes (FMTTIs).
iii.The FMTTIs have contributed to the testing and training of farm machines and provided a pool of around 2.3 lakhs of skilled professionals in farm mechanization.


DGGI & NFSU signs MoU for Setting Up of Digital Forensic Laboratories On 7th February 2023, the Directorate General of GST (Goods and Services Tax) Intelligence (DGGI) and the National Forensic Sciences University (NFSU) signed a Memorandum of Understanding (MoU) to set up digital forensic laboratories along with the exchange of information and knowledge, technological advancement and skill development in the field of digital forensics.
Signatories: 
The MoU was signed by Surjit Bhujabal, Principal Director General of DGGI and Dr J. M. Vyas, Vice Chancellor of NFSU, Gandhinagar, Gujarat.
Features of the MoU: 
i. The MoU will facilitate DGGI and NFSU to establish digital forensic laboratories, collaborate in research and training initiatives, and exchange technical support.
ii. This MoU will strengthen the DGGI’s investigative and digital forensic capabilities and help the organisation bring effective prosecutions and secure convictions of the guilty.

  • The quick and effective convictions of Serious tax offenders will secure government revenues and plug leakages and will also ensure trade facilitation by ensuring a fair tax regime for the honest taxpayer.

iii. This will be a significant step for DGGI to have the requisite physical infrastructure, skill sets, and knowledge in the area of digital forensics
Significance of DGGI and NFSU: 
i. DGGI, the apex intelligence organisation under the Central Board of Indirect Taxes and Customs (CBIC), is responsible for gathering and disseminating information and implementing the required controls to prevent GST evasion.

  • DGGI uses data analytical tools and cutting-edge technologies to detect substantial tax evasion and disrupt huge false invoice rackets.

ii. NFSU is an institution of national importance established by the Parliament of India to promote forensic science education and research.

  • NFSU, the first and only forensic sciences institute, is equipped with state-of-the-art digital forensics technology and the capacity to study and analyse digital evidence.
  • It has established cooperations with a number of governmental agencies, including the Enforcement Directorate of DRDO, and Central Bureau of Investigation, as well as international organisations and nations in the field of digital forensics.

About the Directorate General of GST Intelligence (DGGI):
DGGI was formerly known as the Directorate General of Central Excise Intelligence (DGCEI).

  • DGGI was founded in 1979 as the Directorate General of Anti-Evasion (DGAE) and was later renamed DGCEI.

Principal Director General- Surjit Bhujabal
Headquarters- New Delhi, Delhi
About the National Forensic Sciences University (NFSU):
Vice Chancellor- Dr J. M. Vyas
Headquarters- Gandhinagar, Gujarat
Establishment- 2009


Hillary Clinton Announces USD 50 Million Climate Fund for Women 

Hillary Clinton, former United States (US) secretary of state has announced a first-of-its-kind “Global Climate Resilience Fund” of USD 50 million from the Clinton Global Initiative (CGI) to support women in the fight against climate change in collaboration with the Self-Employed Women’s Association (SEWA).

  • Hillary Clinton was on a two-day visit to Gujarat, commemorating the 50th anniversary of SEWA as a trade union.

The goal of the fund is to enable women and communities to confront the challenges caused by the rising temperatures brought on by climate change, as well as to offer new opportunities for employment and education.
Self Employed Women’s Association (SEWA)
i.Elaben Bhatt (89), who passed away in November 2022, founded SEWA in Ahmedabad, Gujarat, in 1972.
ii.SEWA operates in 18 states and has a membership of 25 lakh women in the informal sector.
Clinton Global Initiative (CGI)
i.Former US President Bill Clinton (born William Jefferson Blythe III) founded CGI in 2005 to bring established and emerging global leaders together to create and execute solutions to the world ’s most challenging problems.
ii.CGI collaborates with partners to create new, precise, and measurable commitments to action in climate resilience, health equity, and inclusive economic recovery and growth.


India ranks 1/110 nations for Inclusivity Measures towards Religious MinoritiesGlobal Minority ReportAs per the Centre for Policy Analysis’ (CPA) inaugural assessment on global minorities in its’ Global Minority Report’, India has been ranked one among 110 nations for its inclusivity measures towards religious minorities. India has the highest level of religious minorities’ acceptance

  • India is followed by South Korea, Japan, Panama, and the United States (US) at the 2nd, 3rd, 4th and 5th positions respectively.

Key Points:
i.Maldives, Afghanistan, and Somalia are at the bottom of the list.
ii.The United Kingdom(UK) and the United Arab Emirates (UAE) are at positions 54 and 61, respectively.
iii. India’s Constitution has unique provisions for promoting religious minorities in culture and education and there are no similar provisions for linguistic and religious minorities in any other constitution. There is also no restriction on any religious sects in India.

  • However, there have been reports of conflict between the majority and minority communities.

iv.The report noted that the United Nations (UN) may use India’s minority policy as a model for other nations due to the model’s inclusiveness and lack of discrimination against many religions and their sects.
The purpose of this report is also to educate the world community on the prevalence of discrimination against minorities based on their faith in different nations.


Curtailing pollution is essential to reduce superbugs: UNEP report

According to the recent report released by United Nations Environment Programme (UNEP), Bracing for Superbugs: strengthening environmental action in the One Health response to antimicrobial resistance, reduction of pollution created by pharmaceuticals, agricultural and healthcare sectors is essential to reduce the emergence, transmission and spread of superbugs, a strain of bacteria which has become resistant to every known antibiotic.

  • Superbugs are other instances of Antimicrobial Resistance (AMR).

The report was released during the Sixth Meeting of the Global Leaders Group on AMR held in Barbados.
Antimicrobial Resistance (AMR):
i.Antimicrobials are essential in reducing the burden of infectious diseases in humans, animals and plants.
ii.The development and spread of AMR mean that the antimicrobials which are used to prevent and treat infections in humans, animals and plants are becoming ineffective.
iii.AMR has therefore emerged as a principal public health problem.
Key Points:
i.According to the WHO AMR is listed among the top 10 global threats to health.
ii.It is estimated that in 2019 around 1.27 million deaths were attributed to drug-resistant infection and 4.95 million deaths were associated with bacterial AMR.
iii.It is estimated that AMR causes around 10 million additional direct deaths annually by 2050.
iv.The AMR is also expected to result in a GDP drop of at least USD 3.4 trillion annually by 2030 and push around 24 million more people into extreme poverty.
One Health Response: 
i.The report calls for a multisectoral One Health response which recognises that the health of people, animals, plants and the environment are closely related and interdependent.

  • The One Health Joint Plan of Action was launched by the Quadripartite Alliance including UNEP, the Food and Agriculture Organization of the United Nations (FAO), the World Health Organisation (WHO) and the World Organisation for Animal Health (WOAH).

ii.One Health response to AMR will reduce the risk and burden of AMR on humans and nature and will help to address the triple planetary crisis.
iii.The triple planetary crisis entails higher temperatures and extreme weather patterns, land-use changes that alter its microbial diversity, as well as biological and chemical pollution.


CloudSEK report: India Accounts for Most Cyber Attacks in Asia in 2022

According to the Global Threat Landscape Report 2021-2022 by CloudSEK, a contextual AI company that predicts Cyber Threats, India is the most targeted country by hackers in Asia in 2022. Globally, India is the 2nd most targeted country in 2022 while the United States of America(USA) remained the most targeted country.

  • The number of cyber attacks targeting India has increased by 24.3% in 2022.
  • Indonesia, Russia and China are the 3rd, 4th and 5th most targeted countries in 2022.

Region-based findings: 
i.Asia-Pacific, Europe and North America are the most targeted regions in both the years 2021 and 2022.
ii.Asia & Pacific remained the most targeted region, receiving 20.4% of all attacks in 2021 and 24.1% of all attacks in 2022. The number of attacks targeting Asia & Pacific increased by 26.43% in 2022.
iii.Europe which accounted for around 18% of all attacks in both 2021 and 2022 is the 2nd most targeted region in 2022. The number of attacks on Eupore has increased by 8.28%.

  • Europe was the 3rd most targeted region in 2021.

iv.North America accounted for 18.9% of all attacks in 2021 and 16% of all attacks in 2022. The total number of attacks observed a 9.68% decline.
The Global attacks remained the most significant but saw a slight decline, accounting for 29.2% of the total attacks in 2021 and 27.5% of the total attacks in 2022. T
Key Points:
i.With an increase in sophisticated and targeted cyber attacks, the number of cybercrime increased in 2022. This is attributed to an increase in underground activity leading to a rise in the utility of malicious tools and malware.
ii.Due to new technologies plagued with various vulnerabilities the sectors like electric vehicles were targeted by the threat actors.
iii.In 2022, Ransomware attacks increased from 0.3%(least common) in 2021 to 8% in 2022 (the 3rd most common).
iv.Globally, the attacks on the government sector have increased from 4.1% in 2021 to 12.1% in 2022.


Bajaj Allianz Life unveils Sustainable Equity Fund; KMAMC launches Kotak Banking & Financial Services FundBajaj Finserv’s life insurance arm, Bajaj Allianz Life Insurance has launched Sustainable Equity Fund namely ‘Bajaj Allianz Life Sustainable Equity Fund ‘ enabling investors to invest in companies that are socially responsible and have been evaluated on relevant Environment (E), Social (S), and Governance (G) factors. This new fund offer (NFO) is available for subscription now, and is available on the insurer’s following flagship ULIPs (Unit Linked Insurance Plans):

  • Bajaj Allianz Life Goal Assure – A Unit-linked Non-Participating Life Insurance Plan.
  • Bajaj Allianz Life Smart Wealth Goal – A Unit-linked Non-Participating Life Insurance Plan
  • Bajaj Allianz Life Future Wealth Gain – A Non-Participating, Unit-Linked, Individual, Endowment Life Insurance Plan
  • Bajaj Allianz Life Longlife Goal – A Unit-Linked Non-Participating Whole Life Insurance Plan
  • Bajaj Allianz Future Gain – A Unit-Linked Endowment Insurance Plan

Key Points:
i.It is benchmarked to the Nifty 100 ESG Index.
ii.The fund will keep ensure the ESG quotient of investor decisions remains strong as it will park investors’ money in businesses that have high ESG scores.
iii.To identify the businesses for the same, Bajaj Allianz Life Insurance will evaluate organizations based on its internal proprietary ESG factor model, which will assess data such as public disclosures, investor presentations, annual reports, etc.

  • Then, ESG principles combined with the existing investment decision-making process will allow the screening of stocks for the fund.

Kotak Mahindra Launches Kotak Banking & Financial Services Fund
Kotak Mahindra Asset Management Company Ltd (KMAMC/Kotak Mutual Fund) launched ‘Kotak Banking & Financial Services Fund’ an open-ended equity scheme investing in the Banking and Financial Services sectors.

  • The scheme opens for public subscription on February 6th, 2023 and closes on February 20th, 2023.

Key Points:
i.Investors can invest a minimum amount of Rs 5,000 and subsequently in multiples of Re.1 for purchase and Re 0.01 for switches during the NFO period.
ii.Its objective is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector.
About Bajaj Allianz Life Insurance:
MD & CEO– Tarun Chugh
Headquartered– Pune, Maharashtra


Global Fintech Ascenda Announces Partnership with Axis Bank to Power Its Innovative New Rewards Program

Axis Bank Limited (Axis Bank), India’s third largest private sector bank, has partnered with Ascenda (Singapore), to power its creative new rewards programme, the Axis Bank Points/Miles Transfer Program.

  • Ascenda is a world leader in enabling global rewards cards and payment value propositions for financial brands.

Axis Bank Points/Miles Transfer Program
i.It is a programme specifically designed for Axis Bank credit cardholders.
ii.Customers can use this to seamlessly transfer their Edge Rewards Points and Edge Miles to domestic and international loyalty program partners across airlines and hotels.
iii.e ligible cards include Select Axis Bank credit and debit cards.
Click here for the detailed list
Key Points:
i.Axis Bank will make use of Ascenda’s premium rewards infrastructure and points exchange marketplace to create a novel product that targets the steadily growing premium traveller segment.
ii.As of September 30, 2022, Axis Bank had 4,760 branches in India spread across 2,676 cities and towns, as well as 16,043 ATMs.
iii.The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge and Axis Bank Foundation.
About Axis Bank Limited:
MD & CEO – Amitabh Chaudhry
Establishment – 1993
Headquarters – Mumbai, Maharashtra
Tagline – Badhti Ka Naam Zindagi


Paytm Payments Bank partners with NPCI to introduce RuPay Credit Card on UPI

Paytm Payments Bank Ltd (PPBL) introduced the ‘RuPay credit card on UPI’ in collaboration with the National Payments Corporation of India (NPCI), allowing users to link their RuPay credit cards to the Unified Payments Interface (UPI) infrastructure.
The partnership will allow RuPay credit card holders to use the UPI service to pay for goods and services both online and offline.

  • NPCI has been in discussions with India’s top lenders, including ICICI Bank, State Bank of India (SBI), Union Bank of India, and Axis Bank, to launch the “RuPay credit card on UPI” option.
  • Shaktikanta Das, governor of the Reserve Bank of India (RBI), stated in June 2022 that credit cards will be permitted to be linked to UPI, with the service initially going live with RuPay credit cards.
  • In October 2022, NPCI released an operating circular for the linkage of the RuPay credit card and UPI.

The total UPI transaction in India touched 8 billion in January 2023, with the infrastructure processing close to Rs 12.98 lakh crore worth of payments.


Raul Rebello appointed as MD & CEO of Mahindra Finance

Mahindra & Mahindra Financial Services Limited (MMFSL), a subsidiary of Mahindra Group, has appointed Raul Rebello(45 years), who is currently the Chief Operating Officer(COO) of the company, as its new Managing Director (MD) and Chief Executive Officer (CEO) with effect from 29th April 2024.

  • He will replace the incumbent Ramesh Iyer who is set to retire on 29th April 2024.
  • He joined MMFSL as COO in 2021 and previously worked with Axis Bank where he served as Executive Vice President and the Head of Rural Lending and Financial Inclusion.

Dr Rajeev Singh Raghuvanshi appointed as New Drugs Controller General of India

The Union Public Service Commission (UPSC) conducted interviews for the appointment of the Drugs Controller General of India and has recommended the name of Dr Rajeev Singh Raghuvanshi as the new DCGI.
The top contenders for the DCGI interview were Dr V G Somani, Dr Rajeev Singh Raghuvanshi, and Dr Jai Prakash.

  • Formerly, Dr VG Somani was appointed as the Drugs Controller General of India (DCGI) in August 2019. He received the DCGI extension for three months in August 2022 and for the 2nd time in November 2022.
  • DCGI is in charge of ensuring the quality of India’s drug supply. Additionally, it has the power to regulate clinical trials and approve new medications.         

Skye Air launches “Skye UTM”, India’s First Traffic Management System for DronesOn 7th February 2023, Skye Air Mobility Private Limited(Skye Air), a Gurugram (Haryana)-based drone solutions provider, launched India’s first traffic management system for drones, named “Skye UTM”. 

  • Skye UTM, was launched in the presence of Nitin Gadkari, Union Minister of Road Transport and Highways.
  • The system, Skye UTM, will allow drone operators to plan routes, make flight plans and assess risks before running drone-based operations in India.

Key Highlights:
i. The control of airspace will rely on unmanned traffic management systems, which will enable multiple beyond visual line-of-sight (BVLOS) drone operations to be run simultaneously by different firms.

  • Such systems are provided globally by several companies, including United States(US)-based AirMap and Netherlands-based Airbus.

ii. Ankit Kumar, Chief Executive Officer (CEO) of Skye Air, claims that the programme imports information from the government’s Digital Sky platform, which was developed to assist drone operators in planning flights in Indian airspace.

  • The Digital Sky platform, run by the Directorate General of Civil Aviation (DGCA),  was 1st introduced in 2018 and provides users with essential knowledge for conducting drone missions in India.

iii. Skye UTM will allow operators a “better understanding” of where they can fly.  The software has been tested on over 300 successful BVLOS flights.
iv. The information on drone flights planned through Skye UTM will also be shared with authorities before a take-off.

  • After an operator submits the flight plan, information on the drone license number, drone operator’s contact, flight plan, purpose of flight, and duration and time of flight on Skye UTM, the information will be shared with the Airports Authority of India (AAI), which can then reject a flight if it finds inconsistencies or possible disruptions with aircraft/helicopter operations.

BVLOS:

  • Beyond visual line-of-sight (BVLOS) refers to drone flights where the pilot cannot see the drone.
  • They enable firms to run drone missions over longer distances, which is necessary for logistics, the delivery of medicines, and more.
  • Skye UTM will also offer latitude and longitude data, which is unavailable on Digital Sky.

 Skye Air Offer:
Skye Air also offers remote ID services to track drones, which is a piece of hardware that needs to be installed on drones to communicate real-time information on their location.


2023 Grand Prix Zagreb Open: Indian wrestlers conclude with Two Bronze Medals

Indian wrestlers concluded the Grand Prix Zagreb Open 2023, the first ranking series of 2023, held in Zagreb, Croatia from 1st to 5th February 2023, with 2 bronze medals.

  • Aman Sehrawat, a freestyle wrestler and under-23 world champion, won the bronze medal in the men’s 57 kg category on the opening day.
  • Ashu, the Greco-Roman wrestler, won the bronze in men’s 67 kg on the penultimate day of the competition.

Note: 15 Indian wrestlers competed at the Zagreb Open 2023.
Key Points: 
i. Aman Sehrawat, an Indian wrestler, defeated Zane Raye Rhodes Richards of the United States of America (USA) 10-4 to win India’s 1st medal in this edition of the tournament.

  • Aliabbas Rzazade of Azerbaijan won the gold, beating Yuto Nishiuchi of Japan 2-0 in the 57 kg category.

ii. Ashu, an Indian wrestler, won India’s 2nd medal in the ranking series by blanking Adomas Grigaliunas of Lithuania 5-0 in the bronze medal match.

  • Husiyuetu of China won the gold medal while Iran’s Reza Mahdi Abbasi won the silver medal in the 67 kg category.

Click here for the Results
Other Participants from India: 
Freestyle Wrestles: Vishal Kaliramana (men’s 70kg), Pankaj Malik (men’s 61kg), and Pruthviraj Babasaheb Patil (men’s 92kg).
Greco-Roman Wrestlers: Sagar (63kg bracket), Manjeet (55kg), Gyanender (60kg), Ankit Gulia (72kg) and Narinder Cheema (97kg).
Women Wrestling: Shivani Pawar ( 50kg), Sushma Shokeen ( 53kg), Reetika ( 72kg), and Kiran ( 76kg).
Prize Money:
The United World Wrestling (UWW) will award gold, silver and bronze medals, and money prize in each weight category. The gold winner will get 1500,00 CHF (the Swiss franc), the silver winner 750,00 CHF and the bronze winner 500,00 CHF.
About 2023 Grand Prix Zagreb Open:
The 2023 Grand Prix Zagreb Open was the first of the ranking series of United World Wrestling (UWW) in 2023.

  • 2nd Ranking Series: 23-26 February, Alexandria, Egypt- 2023 Ibrahim Moustafa Tournament.
  • 3rd Ranking Series: 1-4 June, Bishkek, Kyrgyzstan- 2023 Kaba Uulu Kozhomkul & Raatbek Sanatbaev Tournament.
  • 4th Ranking Series: 13-16 July, Budapest, Hungary- 2023 Hungarian Grand Prix & Polyák Imre Memorial Tournament.

Noted Kannada Writer & Sahitya Akademi Awardee K.V. Tirumalesh Passed Away

Noted Kannada Writer and Sahitya Akademi Awardee K.V. Tirumalesh passed away in Hyderabad, Telangana, at the age of 82. He was born in 1940 in Karadka village in Kasargod, Madras Presidency, British India (now in Kasargod district, Kerala).
About K.V. Tirumalesh:
i. Retired professor K.V. Tirumalesh is an Indian poet, writer and critic in the Kannada and English languages. He was a linguist who trained and taught at the English and Foreign Languages ​​University (EFLU), Hyderabad, Telangana.
ii. He is regarded as one of the most significant modernist (Navya) poets of Kannada and made his debut in 1968 with the poetry collection “Mukhavadagalu” (Masks).

  • His critical works include an essay on Da Ra Bendre’s poems and existentialism in Kannada.
  • In a writing career spanning 5 decades, he has made significant contributions to the poetry, fiction, translation, criticism, and columns of Kannada literature.

iii. He translated Miguel de Cervantes’ “Don Quixote,” a work of Spanish literature, and the works of other writers, including French writer Gerard De Nerval, Austrian poet Rainer Maria Rilke, and American novelist Herman Melville.
iv. In addition to the two critically acclaimed plays Caligula and Tiberius, he also produced at least three novels and four collections of short tales. His works “Bendre Kavyashaili”, “Astitvavada” and “Kavyakarana” are critically acclaimed.
Awards:
K.V. Tirumalesh was awarded the Sahitya Akademi Award, a literary honour in India, in 2015 for his collection of poems “Akshaya Kavya” (2010).


UP CM Yogi Adityanath inaugurates 1st VFS Global JVAC in Lucknow

The Chief Minister (CM) of Uttar Pradesh (UP), Yogi Adityanath has launched a new global gateway for the state with the inauguration of the first VFS Global Joint Visa Application Centre (JVAC) and the VFS Global Academy in Lucknow, UP.

  • It is located strategically on the first floor of the Interstate Bus Terminal, Alambagh (Shalimar Gateway Mall),Lucknow.

Key Points:
i.This new facility equipped with modern amenities and services will have the capacity of processing approximately 1.2 lakh applications a year.
ii.Spread across 24,000 sq ft, the JVAC would cater to travellers bound to 10 countries such as Austria, The Netherlands, The Czech Republic, Switzerland, Estonia, Hungary, Portugal, Germany, Italy and the Kingdom of Saudi Arabia.
iii.It will benefit the citizens of UP, who till now had to travel to other cities like New Delhi to submit their visa applications.
iv.VFS Global will also open an academy in partnership Indian Hotels Company Ltd (IHCL) to train local youth in hospitality skills and enable employability in line with the UP-government’s skilling programme.
About Indian Hotels Company Ltd (IHCL):
Managing Director and Chief Executive Officer– Puneet Chhatwal
Headquarters– Mumbai, Maharashtra

Current Affairs -08 February 2023

PM Narendra Modi Inaugurates India Energy Week 2023 in Bengaluru, KarnatakaThe India Energy Week (IEW) 2023, the first significant occasion under India’s G20 (Group of Twenty) Presidency, was inaugurated by Prime Minister (PM) Narendra Modi on February 6, 2023, in Bengaluru, Karnataka.

  • IEW 2023 will take place from February 6 to 8, 2023, at the Bangalore International Exhibition Centre (BIEC) in Bengaluru, Karnataka.

i.The IEW 2023 is held under the patronage of the Ministry of Petroleum & Natural Gas (MoP&NG) of the Government of India (GoI) and is officially supported by the Federation of Indian Petroleum Industry (FIPI).
ii.PM Narendra Modi inaugurated the Helicopter Factory of Hindustan Aeronautics Limited (HAL), India’s largest helicopter manufacturing facility, and unveiled the Light Utility Helicopter (LUH) in Tumakuru district, Karnataka.
iii.The first Hydrogen Internal Combustion Engine (H2ICE) technology solution for heavy-duty trucks was introduced by Reliance Industries Limited (RIL) and launched by PM Narendra Modi at IEW 2023 in Bengaluru, Karnataka.
iv.PM Narendra Modi unveiled ‘E20 Fuel’ as part of the IEW 2023 event and flagged off the Green Mobility Rally, which was organized by Hindustan Petroleum Corporation Limited (HPCL) on behalf of Petronet LNG (PLL) and the oil and gas PSUs.
About the Ministry of Petroleum & Natural Gas (MoP&NG):
Union Minister – Hardeep Singh Puri (Rajya Sabha – Uttar Pradesh)
Minister of State (MoS) – Rameswar Teli


GoI Constituted 16 Member Inter-Ministerial Committee to Draft Digital Competition ActOn 6th February 2023, the Government of India(GoI) constituted a 16-member inter-ministerial committee to analyse the need for a separate law for competition in the digital market and to draft a digital competition act within three months.

  • The inter-ministerial committee is headed by Manoj Govil, Secretary of the Ministry of Corporate Affairs(MCA).

Background:
In December 2022, the report on  “Anti-Competitive Practices by Big Tech” by the  Standing Committee on Finance, headed by Jayant Sinha, Member of Parliament(MP) – Lok Sabha (Constituency- Hazaribagh, Jharkhand) recommended the enactment of the Digital Competition Act to ensure a fair, transparent, and contestable digital ecosystem.
About Ministry of Corporate Affairs(MCA):
Union Minister- Nirmala Sitharaman(RajyaSabha- Karnataka)  
Minister of State- Rao Inderjit Singh (Constituency- Gurugram, Haryana)


DEA mandates Depts, CPSEs to refund 95% of MSMEs securities till March 2022On February 6, 2023, the Department of Expenditure (DEA) under Ministry of Finance mandates all Departments and Public Sector Entities to refund 95% of the performance or bid security and liquidated damages forfeited/deducted Micro, Small And Medium Enterprises (MSME) in government tenders for over two years i.e. between February 19, 2020, and March 31, 2022 (during COVID-19 pandemic).
Eligibility:
i.All contractors or suppliers registered as MSME with the Ministry of MSME as on March 31, 2022, would be eligible to claim a refund of the forfeited amount for contracts which had an original delivery or completion period between February 19, 2020, and March 31, 2022.
ii.The relief will be provided in all contracts for the procurement of goods and services, entered into by any Ministry/ Department/ attached or subordinate office/ autonomous body/ Central Public Sector Enterprise (CPSE)/ Public Sector Financial Institution etc. with MSMEs.
Key Points:
i.This order by DEA followed the ‘Vivad se Vishwas-I’ scheme announced during the FY24 Union Budget which provide additional benefits for MSMEs in response to the difficulties they have faced due to the COVID-19 pandemic in executing contracts.
ii.These benefits include the refund of 95% of performance security, 95% of Bid security (Earnest Money Deposit), 95% of Liquidated Damages (LDs), and the revocation of debarment for firms that have defaulted due to the pandemic.

  • However, no claim will be entertained in case a firm has been ignored for placement of any contract due to debarment in the interim period.

iii.The grant of relief will be monitored through Government e-Marketplace (GeM) and MSME vendors will be able to register on the GeM portal. The nodal officers of each procuring entity will verify the claim of the vendor and refund the due amount.


Telangana govt Launches Telangana Mobility Valley, India’s 1st mobility-focused cluster to attract investmentsOn 6th February 2023, K T Rama Rao, Minister for Information Technology(IT) and Industries, the Government of Telangana, launched the Telangana Mobility Valley (TMV), India’s 1st mobility focused cluster with an aim to attract investments of around Rs 50,000 crore and generate more than 4 lakh jobs in the next 5 years.

  • The TMV was unveiled during the Mobility Next Hyderabad Summit 2023 (1st edition) held at the Hyderabad International Convention Centre, Hyderabad, Telangana.
  • The summit was organised as a part of the Hyderabad E-Mobility Week (5th to 11th February 2023).

During the event, the Telangana Government announced 3 Memorandum of understanding(MoUs): ATS-TUV Rheinland MoU with the Telangana Government; Bosch Global Software Technologies MoU with BITS Pilani Hyderabad Campus and Telangana Academy for Skill and Knowledge’s (TASK) MoU with Shell.
About Telangana: 
Chief Minister– K. Chandrashekar Rao
Governor– Tamilisai Soundararajan
National Park– Mrugavani National Park
Wildlife Sanctuary– Kinnerasani Wildlife Sanctuary; Pakhal Wildlife Sanctuary


India, EU set up three working groups under Trade and Tech CouncilOn February 6, 2023, India and the European Union (EU) formed the following three working groups under the ‘Trade and Technology Council (TTC)’:
i. Working Group on Strategic Technologies, Digital Governance and Digital Connectivity: Chaired by Secretary, Ministry of Electronics and Information Technology
ii. Working Group on Green & Clean Energy Technologies: Chaired by Principal Scientific Adviser to the Government of India
iii. Working Group on Trade, Investment & Resilient Value Chains: Chaired by Secretary, Department of Commerce.
Key Points:
i.In April 2022, TTC was launched by Prime Minister Narendra Modi and President of the European Commission Ursula von der Leyen during the latter’s visit to India.

  • TTC aims to tackle the challenges at the nexus of trade, trusted technology and security. Such a council is the first for India with any of its partners and second for the EU, after the United States (US)

ii.The working group will now start preparing for the first meeting of the council, which will take place before the next EU-India Summit in spring of 2023.
iii.Ministerial meetings of the council will take place at least once a year, with the venue alternating between the EU and India.
iv. The TTC will be co-chaired on the Indian side by the Ministers for External Affairs; Commerce & Industry; and Communications, Electronics & Information Technology.


ADB Report: Greener trade & investment vital to tackle climate change in Asia & the PacificAccording to the Asian Economic Integration Report(AEIR) 2023: Trade, Investment, and Climate Change in Asia and the Pacific, released by Asian Development Bank (ADB) in February 2023, Greener trade and investment play a major role in tackling climate change in Asia and the Pacific.

  • The greener trade and investment is also crucial for incorporating a separate chapter on efforts to mitigate environmental concerns in regional trade agreements can help ensure their effectiveness in achieving climate goals

Key Points:
i.The report states that increasing the coverage and depth of environment and climate change provisions or incorporating a separate chapter on climate change mitigation efforts into regional trade agreements will ensure effectiveness in achieving the climate goals.
ii.Clean and renewable energy like solar panels and wind turbines and resource-efficiency goods plays a major role in reducing greenhouse gas emissions.
Climate change in  Asia and the Pacific:
i.AEIR 2023 states that Asia and the Pacific are one of the most vulnerable regions to climate change risk and yet it is responsible for around 50% of global annual carbon dioxide (CO2) emissions.
ii.The annual temperatures of Asia and the Pacific have increased faster in the last 3 decades compared to any other region. The annual temperatures are now 0.86 degrees celsius above the 1981-2010 average. Asia and the Pacific is warming faster than the global average(0.42-degree celsius).
iii.Asia is also increasingly facing more extreme precipitation incidences such as storms, floods, and landslides, having borne the brunt of almost 40% of disasters worldwide in the past 2 decades.
Trade and Investment in Asia and the Pacific: 
i.Trade and investment, which have played a major role in the economic growth of Asia in the past 10 years, have also led to an increase in CO2 emissions in the region.

  • Measures like promoting trade in environmental goods and services, nurturing green businesses, developing carbon pricing mechanisms, and strengthening regional cooperation through trade and investment agreements will be required to revise this trend.

ii.The report states that the integration in Asia and the Pacific is progressing steadily and remained stable in 2020 despite the COVID-19 pandemic. Trade growth moderated in 2022 following a strong rebound in 2021.
iii.The report stated that the rebound in 2021 pushed Asia’s merchandise trade volume 11.3% higher than its pre-pandemic lever, growth in trade has moderated in 2022 and high-frequency data indicate a slowdown in the region’s trade growth momentum.


Switzerland Becomes First WTO Member to Formally Accept New Agreement On Fisheries Subsidies  

On January 20, 2023, Switzerland became the first World Trade Organization (WTO) member to formally submit its acceptance of the WTO’s new “Agreement on Fisheries Subsidies”.

  • Minister Guy Parmelin of Switzerland, Head of the Federal Department of Economic Affairs, Education, and Research, submitted his country’s instrument of acceptance to Ngozi Okonjo-Iweala, Director- General of WTO, at the informal WTO ministerial meeting conducted on the margins of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland.

Agreement on Fisheries Subsidies
i.The WTO Agreement on Fisheries Subsidies was adopted on June 17, 2022, at the 12th Ministerial Conference (MC12) held in Geneva, Switzerland.

  • It is a significant step forward for ocean sustainability by prohibiting harmful fisheries subsidies, which are a major contributor to the widespread degradation of the world’s fish stocks.

ii.It is the second agreement reached at the WTO since its inception, the first broad, legally binding multilateral agreement on ocean sustainability, and the first WTO agreement with an environmental focus.
iii.The agreement must be ratified by two-thirds of WTO members in order to come into effect.
Key Provisions:  
i.The agreement acknowledges the needs of developing and least-developed countries (LDCs) and creates a fund to provide technical support and capacity building to assist them in implementing the agreement.
ii.The Agreement forbids subsidies for illegal, unreported and unregulated (IUU) fishing as well as unreported high seas fishing and fishing in overfished stocks.
iii.At MC12, members also agreed to continue working on unresolved issues in order to recommend new provisions that would enhance the disciplines of the Agreement at MC13.


South Indian Bank launches SIB WealthSouth Indian Bank (SIB) launched SIB Wealth, a wealth management platform in partnership with Geojit Financial Services to offer a range of financial services to its High Net worth Individuals (HNI) customers to invest their money in the best financial instruments available in the market.
Key Points:
i.Under the platform, SIB will be offering the following products/services:

  • Portfolio management services
  • Alternative investment fund
  • Systematic investment plan
  • Mutual fund
  • Bond
  • Real estate funds
  • Structured products

ii.This platform will enable the bank’s account holders to maximize their wealth through personalized, efficient, and convenient investment solutions.
iii.Geojit Financial Services is an investment services company with over 35 years of experience in providing effective financial solutions.
The launch of SIB Wealth is a significant step forward for the bank in its mission to provide comprehensive financial solutions to its customers.
About South Indian Bank (SIB):
Managing Director and Chief Executive Officer – Murali Ramakrishnan
Headquarter– Thrissur, Kerala


Phonepe Becomes India’s First Fintech Platform to Support Cross-Border UPI PaymentsPhonePe has launched support for “UPI international” payments, making it India’s first fintech platform to enable cross-border Unified Payments Interface (UPI) payments.

  • Indian users of PhonePe can utilize this feature to instantly pay foreign merchants using UPI when they are travelling abroad.

UPI international

  • UPI International is intended to make transactions safe and simple for millions of Indians travelling abroad.
  • It supports all international merchant outlets with a local QR (quick response) code in the United Arab Emirates (UAE), Singapore, Mauritius, Nepal, and Bhutan.

Key Points:
i.Users of PhonePe can use the PhonePe App to activate their UPI-linked bank account for the service at the merchant’s location or in advance of travelling overseas.

  • The customer will be required to enter their UPI pin in order to activate the service.

ii.This feature will allow PhonePe users to make foreign currency payments directly from their Indian bank account using UPI, just like they do with international debit cards.

  • Previously, Indian customers had to pay at international merchant outlets in foreign currency or using their credit or Foreign exchange cards.

iii.The National Payments Corporation of India (NPCI), in partnership with its international arm, NPCI International Payments Limited (NIPL), intends to expand UPI International to more countries in 2023. UPI was developed by NPCI.

  • In January 2023, the NPCI approved UPI transactions for non-resident bank accounts such as Non-Resident External (NRE) and Non-Resident Ordinary (NRO) linked to international mobile numbers.
  • Initially, transactions from mobile numbers of Non-resident Indians (NRIs) from 10 countries would be allowed: Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States of America (USA), Saudi Arabia, the UAE, and the United Kingdom (UK).

About PhonePe
i.PhonePe, the most valued fintech player in India, recently secured USD 350 million in funding from General Atlantic at a pre-money valuation of USD 12 billion.
ii.With 435 million registered users, PhonePe is now used by one in four Indians, making it the largest payments app in the country.
iii.Flipkart transferred its stake in PhonePe to its parent firm, Walmart, a US-based retail company, in December 2022.
Founder & CEO – Sameer Nigam
Founded – 2015
Headquarters – Bengaluru, Karnataka


Airtel Payments Banks launches BizKhata for Small Businesses & Merchant Partners

Airtel Payments Bank has announced the launch of BizKhata, a current account with unlimited transactions and instant activation for small merchants and business partners in India.
The Airtel Payments Bank current account – BizKhata
i.BizKhata by Airtel Payments Bank was created exclusively for small merchants and business owners who utilize savings accounts for business purposes since they cannot meet the minimum balance requirement of their business accounts.

  • This current account has no minimum balance requirement.
  • Business owners can use Immediate Payment Service (IMPS), Unified Payments Interface (UPI), National Electronic Funds Transfer (NEFT), and IFT to make online payments to any bank in India.
  • In order to accept payments from any UPI app, the account is also linked to a QR (quick response) code.

ii.It unifies all business transactions on a single platform, enables them to keep accurate records, and offers other banking benefits.
iii.The current account solution will be available to both existing and new Airtel Payments Bank merchants and business partners.
iv.A business owner can instantly open this account with biometric authentication and minimum documentation.
Note: Delhi Metro and Airtel Payments Bank recently partnered to provide a top-up (recharge) service for Delhi Metro Smart Cards as well as additional convenience and features for Airtel Payments Bank users.
About Airtel Payments Banks Limited:
It was founded by Bharti Airtel, India’s largest telecom operator, and is regarded as India’s first payments bank.
MD & CEO – Anubrata Biswas
Launched – 2017
Headquarters – New Delhi, Delhi


Government approves Fourth Executive Director post at Indian bank

On 6th February 2023, the Department of Financial Services (DFS), Ministry of Finance, stated that the Government of India has approved increasing the number of posts of executive directors in the Indian Bank from three to four.

  • In August 2019, DFS announced that nationalised banks with a total business of Rs 10 lakh crore or more as per the last declared results should have 4 executive directors.
  • The merger of Kolkata-based Allahabad Bank with Indian Bank on 1st April 2020 has created a combined entity with a business mix of over Rs 8-lakh crore, making Indian Bank the 7th largest bank in India.
  • The total revenue generated by Indian Bank increased by 9% reaching the level of Rs 10,48,772 crore by the end of December 2022 from Rs 9,63,007 crore in December 2021.

Reliance Jio & GSMA launch Initiative to Train Rural Women in Digital Skills

On 7th February 2023, Reliance Jio and GSM (Groupe Speciale Mobile) Association (GSMA), the global mobile network operators’ organisation, announced the roll-out of a national digital skills programme to offer need-based training to rural women in India.
Aim: To give rural women and others from low-income/marginalized groups the training they need to effectively use their access to the internet.
Under this programme, the GSMA and Jio teams collaborated to identify existing digital skill gaps and develop need-based digital skills training toolkits that are India-specific.

  • The toolkits were designed post extensive field research and user feedback. During the trial phase, more than 1,000 rural men and women from Tamil Nadu and Uttar Pradesh took part and contributed to the improvement of the digital training toolkits. At present, the program is being rolled out in 10 states with a focus on reaching women and marginalized groups.
  • Reliance Foundation will be supporting the roll-out through its large network and self-help groups, particularly in rural areas.

As per the GSMA’s ‘Mobile Gender Gap Report 2022’, women in India are 41% less likely than men to use mobile internet.


Hurun India Award: VP Nandakumar receives The Hurun Industry Achievement Award 2022

VP Nandakumar, Managing Director and Chief executive officer (CEO) of Manappuram Finance Limited, received The Hurun Industry Achievement Award 2022 for his remarkable achievements in the world of business. He received the award  from Rupert Hoogewerf, Founder & Chairman of Hurun Global, at Hurun India’s award ceremony held in Mumbai, Maharashtra.
The award recognises the contributions of Manappuram Finance in the non-banking finance space.

  • The earlier recipients of this award were Adi Godrej, chairman of Godrej Group, Cyrus S. Poonawalla, Managing Director of Serum Institute of India Ltd, Kris Gopalakrishnan, co-founder of Infosys Ltd and Sanjiv Goenka of RPG Group.

K Satyanarayana Raju appointed as New MD & CEO of Canara Bank On 7th February 2023, the Government of India(GoI) appointed K Satyanarayana Raju as Managing Director (MD) and Chief Executive Officer (CEO) of the state-owned Canara Bank, with immediate effect.

  • K Satyanarayana Raju succeeds L V Prabhakar who resigned from office on 31st December 2022.

About K Satyanarayana Raju:
i. K Satyanarayana Raju joined the erstwhile Vijaya Bank in 1988 and has risen to the level of Chief General Manager at the Bank of Baroda(BoB) (Vijaya Bank and Dena Bank were merged with BoB in 2019).
ii. During his tenure at BoB, he has headed various branches including a specialized corporate banking branch.

  • He has also served as a Director in BoB Financial Solutions Limited, a Subsidiary of BoB.

iii. K. Satyanarayana Raju took charge as Executive Director of Canara Bank on 10th March 2021.

  • He has overseen various verticals in Canara Bank including information technology & digital banking, inspection, compliance, gold loan, Micro, Small & Medium Enterprises (MSME), retail assets, corporate credit, marketing & public relations, etc.

iv. He also serves as a director on the boards of both Canara Computer Services Limited and Canara HSBC Life Insurance Company Limited.
v. He has rich experience in all segments of banking including branch banking, agri financing, credit monitoring, recovery, general administration, etc.
About Canara Bank: 
Canara Bank was established as Canara Hindu Permanent Fund Ltd. in 1906 and was renamed as Canara Bank Limited in 1910. The Canara bank was nationalised in 1969.
Non-Executive Chairman- Vijay Srirangan
MD & CEO- K. Satyanarayana Raju
Headquarters- Bengaluru, Karnataka
Tagline- Together we can


Myntra appointed Ranbir Kapoor as Brand Ambassador

Bengaluru (Karnataka)-based, Myntra, a major Indian fashion e-commerce company, has appointed Ranbir Kapoor, an Indian Bollywood actor, as its new Brand Ambassador.

  • Ranbir Kapoor will feature in a brand campaign titled ‘Be Extraordinary Everyday’ slated to go live shortly alongside Kiara Advani.
  • Myntra’s association with Kapoor will help the brand tap into his popularity and national appeal.
  • Ranbir Kapoor has joined an all-star group representing Myntra that also includes Kiara Advani, Tamannaah Bhatia, and Vijay Deverakonda. This strengthens the platform’s ties to India’s film industry and establishes Myntra as the go-to source for the newest in on-trend fashion.

IIT Madras & ISRO sign MoU to collaborate on application of XR in Indian Human Spaceflight Program Indian Institute of Technology Madras (IIT Madras) and the Indian Space Research Organization (ISRO) signed a Memorandum of Understanding (MoU) to collaborate on the application of Extended Reality (XR) and other technologies in the Indian Human Spaceflight Programme(IHSP).
MoU Objective: 
i. IIT Madras is set to develop a training module for the Indian Spaceflight Programme using Augmented Reality(AR), Virtual Reality(VR), and Mixed Reality (MR).
ii. To advance Research and Development (R&D) in the domain of XR, ISRO would make use of the advanced technologies developed at the recently formed eXperiential Technology Innovation Centre (XTIC) at IIT Madras.
Key Points:
i. XR Technologies will benefit human spaceflight programs in various aspects, particularly in reducing the design cycle and simulating the space environment.
ii. IIT Madras will start with developing models of physiological systems and design optimization studies.
iii. In addition to creating XR technologies for the human spaceflight programme, the XTIC will train concerned HSFC engineers in this technology and help in the establishment of an XR/VR lab at the Human Space Flight Centre (HSFC).
iv. Anticipated outcomes of this collaboration:

  • Modelling and Simulation of human physiology as well as space systems
  • Outreach activities
  • Visualization and optimization of design architecture
  • Training ISRO scientists in developing their own XR systems

eXperiential Technology Innovation Centre (XTIC):
i. The XTIC established “CAVE”, a group of start-ups and industries working in the XR and haptics fields in India.
ii. Many applications, including outreach and education for the Human Spaceflight Program to Digital Twins, will make use of the ecosystem headed by XTIC.
iii. Aim: visualising and optimising design architecture, modelling and simulating human physiology and space systems, and training ISRO scientists to create their own XR systems.
Note: XTIC is India’s 1st Research and Product Innovation centre for XR and haptics Technology, a transdisciplinary centre encompassing several fields of engineering, medicine, psychology and arts.
About the Indian Institute of Technology Madras (IIT Madras):
Chairman- Dr Pawan Kumar Goenka
Headquarters- Chennai, Tamil Nadu
Establishment- 1959
About the Indian Space Research Organization (ISRO):
Chairman- S. Somanath
Headquarters- Bengaluru
Establishment- 1969


Naval LCA & MIG29 K Fighter Aircraft Performed Maiden Landing & Take-off on INS VikrantOn 6th February 2023, Indian Navy’s Light Combat Aircraft (LCA) and the MIG29 K Fighter Aircraft successfully performed their maiden landing and take-off attempts on the Indian Naval Ship (INS) Vikrant, India’s first Indigenous Aircraft Carrier.

  • The indigenously developed LCA landings were carried out by the pilots of the Indian Navy.
  • The maiden landing of MIG-29K marks the integration of the fighter aircraft with INS Vikrant.

Key Points:
i.The landing of LCA on INS Vikrant demonstrated the self-reliance in India’s capability to design, develop, construct and operate indigenous Aircraft carriers with indigenous fighter aircraft.
ii.This marks the first successful trials of the prototype aircraft indigenously designed and produced by the Aeronautical Development Agency(ADA) and Hindustan Aeronautics Limited (HAL) on an indigenous Aircraft Carrier.
Background:
i.INS Vikrant has been undertaking extensive Air Operations with Rotary Wing and Fixed Wing aircraft since December 2022 towards Air Certification and Flight Integration Trials to achieve being “Combat Ready”.
ii.The landing of LCA (Navy) and MiG-29K onboard INS Vikrant was carried out as a part of the aviation trials.
About INS Vikrant: 
i.INS Vikrant was commissioned by Prime Minister(PM) Narendra Modi on 2nd September 2022.
ii.The 45,000 metric tons vessel is 262 meters (~860 feet) long and around 60 meters (~197 feet) wide.
iii.The carrier was built at an estimated cost of Rs  20,000 crore by Cochin Shipyard Limited.
iv.This is the biggest ship ever built in India. With INS Vikrant, India joined the list of countries with the capability to design and build aircraft carrier ships, including the list are the United States of America(USA), the United Kingdom(UK), France, China and Russia.


Aaron Finch, Australia’s Most successful T20I captain, retires from International CricketOn 7th February 2023, Aaron James Finch, Australia’s most successful Twenty20 International (T20I) Captain, announced his retirement from International Cricket. Under his captaincy, Australia won their 1st International Cricket Council (ICC) T20 World Cup in 2021 in Dubai, United Arab Emirates (UAE).

  • In September 2022, Aaron Finch announced his retirement from the One Day International (ODI), 50-over format.

About Aaron James Finch:
i. Aaron Finch, 36, an Australian international cricketer, was born on 17 November 1986 in Colac, Victoria, Australia.
ii. As a junior, he was at Colac West Cricket Club in the Colac & District Cricket Association (CDCA) as a wicketkeeper.  He first represented Australia in the Under-19 Cricket World Cup in 2006 in Sri Lanka.
iii. Aaron Finch made his International cricket debut in T20I against England in 2011 and made his ODI debut against Sri Lanka in 2013.

  • He has played 146 ODIs, and 103 T20Is for Australia across an international career spanning 12 years and scored 8,804 runs which include 17 ODI centuries, and 2 T20I centuries.

iv. In 2014, he was named Australia’s T20I captain, replacing George Bailey. He captained Australia in 76 T20Is, more than any other men’s player, leading the team to a maiden ICC Men’s T20 World Cup title in 2021. He has also won an ODI World Cup title with Australia in 2015.
v. Finch has played county cricket in England, first for Yorkshire County Cricket Club in 2014 and 2015 before joining Surrey in 2016.
vi. He created a record in the Indian Premier League’s (IPL) history by representing nine franchises in 11 years  – Rajasthan Royals, Delhi Daredevils (now Delhi Capitals), Pune Warriors India, Sunrisers Hyderabad, Mumbai Indians, Gujarat Lions, Kings XI Punjab (now Punjab Kings), Royal Challengers Bangalore and Kolkata Knight Riders (KKR).

  • He has played 92 matches in the IPL, scoring 2091 runs at an average of 25.19 and a strike rate of 128.20.

Safer Internet Day 2023 – February 7Safer Internet Day (SID) is annually observed across the globe on the 2nd Day (Tuesday) of the 2nd week of February to raise awareness of emerging online issues and current concerns and to promote the safe and positive use of digital technology for children and young people.

  • The day aims to inspire a national conversation about using technology responsibly, respectfully, critically, and creatively.

Safer Internet Day 2023 is observed on 7th February 2023, marking the 20th edition of SID.

  • The 19th Edition of SID, SID 2022 was observed on 8th February 2022.
  • The 21st Edition of SID, SID 2024 will be observed on 13th February 2024.

The theme of SID 2023 is “Together for a better internet“. This has been the campaign slogan of SID since 2019.
Background:
i. Safer Internet Day was initiated in 2004 by the EU SafeBorders Project and was later adopted by the Insafe network of European Safer Internet Centres (SICs) in 2005.
ii. The day is now celebrated in approximately 180 countries and territories worldwide.
iii. The 1st ever Safer Internet Day was observed on 6th February 2004. By then, 14 countries (13 European countries and Australia) celebrated the day.


World Interfaith Harmony Week 2023 – February 1-7United Nations (UN)’s World Interfaith Harmony Week (WIHW) is annually observed across the globe during the 1st week of February (1-7 February) to promote harmony between all people regardless of their faith.

  • The WIHW mantra, “Love of Good, Love of Neighbor”, is not only a slogan but a plea and an existential imperative to ensure our survival as a species.

Background:
i. The WIHW was 1st proposed at the UNGA on 23rd September 2010 by H.M. King Abdullah II of Jordan.
ii. The United Nations General Assembly (UNGA) adopted the resolution A/RES/65/5 on 20th October 2010 and proclaimed the first week of February every year as World Interfaith Harmony Week.

  • The 1st ever WIHW was observed on 1-7 February 2011.

Harmony in a World in Crisis – World Interfaith Harmony Week 2023
i. The event “Harmony in a World in Crisis” was organized during World Interfaith Harmony Week at the UN headquarters in New York City, United States of America (US).
ii. The event was focused on working together to achieve peace gender equality, mental health and wellbeing, and environmental preservation.
iii. The UNGA noted that mutual understanding and interreligious dialogue constitute important dimensions of a culture of peace, whereas it initiated the WIHW as a way to promote harmony amongst all people, regardless of their faith.
Key Points:
The World Interfaith Harmony Week is based on the pioneering work of “The Common Word initiative”, which was authored by Prince Ghazi bin Muhammad and released in 2007.

  • This initiative called on Christian and Muslim leaders to have a discourse based on the two common religious principles of love for God and love for one’s neighbour, without compromising any of their own beliefs.

Telangana Budget FY24FM Harish Rao Presents Tax-Free Budget of Rs 2.9 lakhcr i.On February 6, 2023, the Finance Minister of Telangana, Thaneeru Harish Rao, presented the tax-free State Budget worth Rs 2.90 lakh crore for next financial year (FY) 2023-24 while giving priority to infrastructure development and public welfare in the latest budget.
ii.Tax revenue for FY24 is projected at Rs 1.31 lakh crore against the Rs 1.1 lakh crore in FY23.
iii.The highest allocation of Rs 31,426 crore will be for Panchayat Raj and Rural Development departments.
iv.For the State government’s flagship programme of Dalit Bandhu, Rs 12,980 crore sanctioned to ensure benefit for 1,100 beneficiaries per each of the 118 constituencies in the State in FY24.
About Telangana:
Capital– Hyderabad
Chief Minister– Kalvakuntla Chandrashekar Rao
Governor– Tamilisai Soundararajan

Current Affairs – 07 February 2023

India, France & UAE Announce Plans for Co-Operation Under Trilateral FrameworkIn the midst of the geopolitical unrest brought on by the conflict in Ukraine, India, France, and the United Arab Emirates (UAE) have announced an ambitious roadmap for cooperation in a wide range of fields, including defence, energy, and technology under a trilateral framework.
Proposed Actions to Support the Framework
i.A number of trilateral events will be organized to assist the efforts during the G20 Presidency of India and the hosting of 28th session of the Conference of the Parties (COP 28) to the UN Framework Convention on Climate Change (UNFCCC) by the UAE in 2023, respectively.
ii.The three nations also decided to enhance their cooperation through projects like the Indo-Pacific Parks Partnership, headed by India & France, and the Mangrove Alliance for Climate (MAC), led by the UAE.
iii.In the context of the International Year of the Millet 2023, the three countries decided to focus on major concerns like single-use plastic pollution, desertification, and food security.
About the United Arab Emirates (UAE):
President – Sheikh Mohamed bin Zayed Al Nahyan
Capital – Abu Dhabi city
Currency – Arab Emirati Dirham (AED) [called Dirhams]


Union Minister Bhupender Yadav launches ‘Save Wetlands Campaign’ as a “whole of society” approach for wetlands conservationOn 4th February 2023, Union Minister for Environment, Forest & Climate Change, Bhupender Yadav, launched the ‘Save Wetlands Campaign’, a campaign structured on a “whole of society” approach for wetlands conservation, during the National level Celebration of World Wetlands Day at Nanda Lake in Goa.

  • This 1-year campaign will include creating awareness about the importance of wetlands among the people and increasing the coverage of wetlands mitras and establishing citizen partnerships for wetlands conservation.
  • During the event, The “India’s 75 Amrit Dharohar- India’s Ramsar Sites Factbook” and “Managing Climate Risks in Wetlands – A Practitioner’s Guide” booklets were also released.

About Ministry of Environment, Forest and Climate Change (MoEFCC): 
Union Minister– Bhupender Yadav
Minister of State– Ashwini Kumar Choubey


Indian Railways to introduce Bharat Gaurav Deluxe AC Tourist Train under ‘Ek Bharat Shrestha Bharat’ SchemeThe Indian Railways (IR) is set to introduce the “Bharat Gaurav Deluxe AC Tourist Train” a special tour Garvi Gujarat to showcase the Cultural & Spiritual Heritage of Vibrant Gujarat.

  • on 28th February 2023, the train, operated by the Indian Railway Catering and Tourism Corporation(IRCTC) will depart from Delhi Safdarjung Railway Station on an 8 days tour.
  • The entire tour will cover a distance of 3500 kilometres(Kms) during the course of 8 days journey.
  • The launch of the Bharat Gaurav Tourist Train is in line with the Government of India initiative “Dekho Apna Desh” to promote domestic tourism.

About Bharat Gaurav Deluxe AC Tourist Train:
i.The train Tour is designed in line with the “Ek Bharat Shrestha Bharat” scheme of the Government of India,  conceptualised on the life of Sardar Vallabh Bhai Patel, the Iron Man of India, to showcase the heritage of Gujarat.
ii.Bharat Gaurav Deluxe AC Tourist Train, the state-of-the-art train, with 1st AC & 2nd AC Class will be operated for 8 days inclusive tour.
iii.The train will consist of 4 first AC coaches, 2 second AC Coaches, 1 well-equipped pantry car and two rail restaurants and can accommodate 156 tourists onboard.
iv.For the convenience of the tourists, the boarding and deboarding facilities will be provided at the Gurugram, Rewari, Ringas, Phullera & Ajmer Railway Stations.
About the Tour: 
The 8 days tour will include a visit to various heritage sites and religious sites.

  • Heritage sites: World’s tallest statue – Statue of Unity, Champaner archaeological park, a United Nations Educational, Scientific and Cultural Organization (UNESCO) world heritage site, Adhlej Step Well, Akshardham Temple at Ahmedabad, Sabarmati Ashram, Modhera Sun Temple and the Rani ki Vao, a UNESCO site at Patan.
  • Religious sites: Somnath Jyotirlinga, Nageshwar Jyotirlinga, Dwarkadheesh Temple and Beyt Dwarka

Note: IRCTC has partnered with payment gateways to provide Equated Monthly Instalment (EMI) payment options to customers.


IAF Revises Doctrine, Defines its Role In a ‘No War, No Peace’ Setting

On 4th February 2023, the Indian Air Force (IAF) made public a revised doctrine which defines the role of air power in the “no war, no peace scenario” setting in India.

  • The doctrine highlighted the use of air power as part of a joint military strategy involving the two other forces.
  • The doctrine, which refers to air power as aerospace power, also emphasised that defensive and offensive counter-operations are “inextricably linked”.
  • For the first time, the doctrine extensively detailed the “no war, no peace” (NWNP) environment, saying the condition requires the IAF to work towards shaping the behaviour of external threats.

The IAF first published a doctrine in 1995, which was revised in 2007. In 2012, a revised and unclassified basic doctrine was published. The latest doctrine revises the 2012 document.


Indian Fertiliser Companies signs MoUs with Morocco’s OCP Group for 1.7 MT import of Soil NutrientsFour India-based fertiliser companies, the state-run National Fertilizers Limited, the private Chambal Fertilizers and Chemicals Ltd, Rashtriya Chemicals and Fertilizers Ltd, and Paradeep Phosphates Ltd, have signed a Memorandum of Understanding (MoU) with OCP Group, a Moroccan state-owned fertilizer producer, for the annual importation of 1.75 million metric tonnes (MT) of phosphorus (P) and potassium (K) fertilisers at Rabat, Morocco.

  • According to the MoU, 1 MT of diammonium phosphate (DAP), 0.7 MT of triple superphosphate (TSP), and 0.05 MT of mutate of potash (MOP) will be imported to cover the domestic requirements of the soil nutrient variety for the upcoming year.

Key Points:
i. OCP Group will supply India with 1.7 million metric tonnes of phosphate-based fertilizer over the coming 12 months (2023) after India entered a strategic partnership with the group.
ii. Senegal, Jordan, Israel, Oman, Russia, Canada, and Saudi Arabia are among the nations with which India is negotiating to acquire supplies of non-urea fertilisers like DAP and nitrogen, phosphorus, and potassium (NPK).

  • India imports about half of its DAP needs from these countries.

iii. According to Dr Mansukh Mandaviya, Minister of Chemicals and Fertilizers (MoC&F), India will be a global market price-setter for fertilizers in the next 2 years.
MoUs regarding Fertilizers:
i. In October 2022, Rashtriya Chemicals and Fertilizers Ltd signed MoU with K Plus S Middle East FZE DMCC, a subsidiary of Germany’s K+S Minerals and Agriculture GmBH for the supply of around 0.1 MT of MOP annually till 2025 at a discounted India specific price.
ii. In September 2022, Coromandel International, Chambal Fertilizers and Indian Potash Limited signed an MoU with Canpotex, Canada for the import of potash.
iii. In August 2022, India and Saudi Arabia signed a pact for an annual supply of 2.5 MT of ammonia and DAP, NPK fertilisers till 2025.


IEA Report: India’s ‘LiFE’ Initiative Can Save USD 440 Billion Globally in 2030 The International Energy Agency (IEA) claimed in its country report titled “LiFE lessons from India -The benefits of advancing the Lifestyle for Environment (LiFE) initiative through the G20” that if adopted worldwide, the measures specified under the LiFE initiative could save consumers around USD 440 billion in 2030, corresponding to around 5% of total fuel spending across the global economy that year.

  • It further said that implementing India’s “LiFE” initiative may help decrease worldwide carbon dioxide (CO2) emissions by more than 2 billion metric tonnes by 2030, or roughly one-fifth of the emission reduction required to reach global net-zero emissions.

i.In November 2021, Indian Prime Minister Narendra Modi introduced the LiFE initiative during the 26th Conference of the Parties (COP 26) to the United Nations Framework Convention on Climate Change (UNFCCC), that was held in Glasgow, Scotland (United Kingdom).
ii.India, the third-largest national market for renewable energy in the world, is currently 10% more energy efficient than the global and G20 averages, with various policies already integrated into its energy transition strategy.
About International Energy Agency (IEA):
Executive Director – Dr. Fatih Birol
Headquarters – Paris, France


SEBI Notifies Stronger Framework for Green Bonds; Introduces Concept of Blue, Yellow BondsThe Securities and Exchange Board of India (SEBI), India’s capital market regulator, has strengthened the green bond framework by introducing “Blue” and “Yellow” bonds as new modes of sustainable finance.

  • These bonds are subcategories of Green Debt Securities (GDS), with ‘Blue Bonds’ pertaining to water management and the marine sector and ‘Yellow Bonds’ pertaining to solar energy.

Green Debt Securities (GDS)
According to the regulatory framework, GDS are debt securities that are issued to raise funds for projects or assets that belong into specific categories.
Sustainable Finance
Sustainable finance is the process of taking environmental, social, and governance (ESG) factors into account when making financial investment decisions, resulting in increasing long-term investments in sustainable economic activities and projects.
About the Securities and Exchange Board of India (SEBI):
Chairperson– Madhabi Puri Buch
Headquarters– Mumbai, Maharashtra
Establishment– 1992


Indian Achievers Award 2022: RV Prassad received The Most Distinguished Scientist Of The Year 2022 Award

R Vishnu Prassad, Founder and Chief Scientist at Vishnu Prasad Research Centre was awarded “The Most Distinguished Scientist of the Year 2022” at the Indian Achievers Award 2022 by Anurag Singh Thakur, Minister of Information and Broadcasting at Vigyan Bhawan, New Delhi, Delhi.

  • RV Prasad was chosen by a jury headed by Justice Gyan Sudha Misra.
  • He was recognised for working tirelessly on sustainability, smart cities, and a vision to create a clean India through solid waste management and the treatment of huge water bodies.

Dignitaries:
The event was attended by a number of notable figures, including Justice K. G. Balakrishnan, a former Chief Justice of India (CJI), and Justice Gyan Sudha Misra, a former Judge of the Supreme Court of India.
About R Vishnu Prasad:
i. R Vishnu Prasad, a scientist from Chennai, Tamil Nadu, with 69 patents, has published over 300 research papers in International journals and has been awarded several patents for his inventions.
ii. He has won a number of honours, including the Shanti Swarup Bhatnagar Prize, which is India’s highest award for outstanding contributions to science and technology.
Indian Achievers Award: 
i. The Indian Achievers Award is India’s most prestigious award and a prestigious recognition that is given to individuals for outstanding contributions in various fields including culture, science, sports and innovation.
ii. The deserving Achievers are felicitated with appropriate Award Titles like the Entrepreneur of the Year Award, Woman Of Excellence Award, Business Leadership Award and more.
iii. The primary goal is to promote the Ministry of Micro, Small & Medium Enterprises (MSMEs) and Startups while also making sure that the government and society as a whole understand both the needs of the business community and its contribution to the nation’s well-being.
Note: Other recipients of the Indian Achievers Award include Paramveer Chakra Subedar Major Sanjay Kumar, hockey player late Major Dhyan Chand, film actress Shruti Haasan, Padma Shri Alok Mehta, and boxer Vijender Singh.


Shamika Ravi appointed as a full-time Member of EAC-PM

Shamika Ravi, an Economics Professor and Researcher, has been appointed as a full-time Member of the Economic Advisory Council to the Prime Minister (EAC-PM) in the rank of the Secretary to the Government of India (GoI).  She is currently a non-resident senior fellow of the governance studies program at the Brookings Institution in Washington D.C., United States of America (USA).

  • Shamika Ravi, the former Director of Research at Brookings India, researches the economics of development including areas of finance, health, urbanization and gender inequality.
  • She had previously served as a part-time member of the EAC-PM from 2017 to 2019 and publishes extensively in peer-reviewed academic journals.

EAC-PM: 
Chairman: economist Bibek Debroy
Member: 
Sanjeev Sanyal & Part-time Members: Rakesh Mohan, Dr Sajjid Chinoy, Dr Neelkanth Mishra, Nilesh Shah, Prof. T.T. Ram Mohan, and Dr Poonam Gupta.


RBI allows DSP Investment Managers to hike stake in DCB Bank to 9.99%

The Reserve Bank of India (RBI) has allowed DSP Investment Managers to hike their stake in DCB Bank Limited, a private sector scheduled commercial bank in India, to 9.99% as part of investments made through various mutual fund schemes.

  • The approval is valid for a year up to February 2, 2024. Currently, DSP Mutual Fund holds 4.23 per cent of the bank.
  • The DCB Bank got notification from the RBI on 3rd February 2023 that it had given DSP Investment Managers permission to purchase up to 9.99% of the Bank’s paid-up equity capital through the schemes of DSP Mutual Fund.
  • Additionally, the RBI directed DSPIM to make sure that its ownership of the bank never exceeds 10% of its paid-up equity capital.

BARC’s Thorium Reactors IHTR & IMSBR can Deliver Clean Energy, HydrogenIndian high-temperature reactor (IHTR) and Indian molten salt breeder reactor (IMSBR), the noted Thorium(Th) technologies of Bhabha Atomic Research Centre(BARC), A premier multi-disciplinary Nuclear Research Centre of India under the Department of Atomic Energy (DAE) can deliver clean energy – hydrogen and play a major role in India’s green energy transition.

  • Apart from Coal, Thorium is the only abundant energy source in India.
  • At present, BARC is working on several technologies for using thorium, of which IHTR and IMSBR are noteworthy.

About the Indian high-temperature reactor (IHTR):
IHTR is designed to produce heat and, in turn, produce hydrogen through the ‘sulphur-iodine’ method.

  • In this method, sulphuric acid decomposes into oxygen, sulphur dioxide and water under high temperatures.
  • When iodine is added to sulphur dioxide and water, you get hydrogen iodide, which again splits into hydrogen and iodine at high temperatures.

The fuel of the reactor: A mixture of Uranium-233 dioxide and Thorium dioxide.

  • Note: Uranium-233(233U) does not occur naturally, it is obtained by the mutation of thorium in reactors.

About the Indian molten salt breeder reactor (IMSBR):
IMSBR is a 5-Megawatt (MW) pilot project in Visakhapatnam, Andhara Pradesh(AP).
IMSBR can operate in a self-sustaining 233U-Th fuel cycle. Additionally, being a thermal reactor, the 233U requirement is lower (as compared to fast spectrum), thus allowing higher deployment potential.

  • BARC has developed an appropriate salt for this purpose (LiF-CaF -ThF –UF) which is circulated by the pump through the reactor core.
  • BARC has also developed other things such as pumps, valves, flow meters and heat exchangers.

Key Points:
i.The establishment of the IMSBR demonstration plant at Visakhapatnam will mark a significant step in India’s green energy journey with the entry of the thorium cycle.
ii.The electricity-generating IMSBR and the hydrogen-producing IHTR will play a major role in making India achieve the net-zero target.
iii.The IMSBR and IHTR systems and the associated fuel cycle aspects are in exploratory evaluation and initial assessment stages.
About Bhabha Atomic Research Centre(BARC):
BARC was established as Atomic Energy Establishment, Trombay (AEET)  in 1954.
Renamed as Bhabha Atomic Research Centre(BARC) in 1966.
Director– Dr. Ajit Kumar Mohanty
Location– Mumbai, Maharashtra


JUICE: ESA’s Jupiter Icy Moons Explorer to be launched in April 2023European Space Agency(ESA)’s JUpiter ICy moons Explorer (Juice) mission which aims to explore Jupiter and its three largest natural satellites – Ganymede, Callisto and Europa, is set to be launched in April 2023 onboard Ariane 5 (launch vehicle) from Europe’s Spaceport at Kourou, French Guiana in South America.
About Juice: 
i.The Juice mission will make detailed observations of the giant gas planet and its three large ocean-bearing moons, Ganymede, Callisto and Europa, with a suite of remote sensing, geophysical and in situ instruments.

  • The Juice mission will also be the last ESA mission to launch on an Ariane 5 from ESA’s Spaceport in Kourou. After this launch, Ariane 6, the new heavy-lift launch system, will be used.

ii.The mission will characterise the moons of Jupiter as both planetary objects and possible habitats.
iii.It will also explore Jupiter’s complex environment in-depth, and study the wider Jupiter system as an archetype for gas giants across the Universe.
Highlights: 
i.Juice will be the first spacecraft ever to orbit a natural satellite other than Earth’s moon.
ii.On route to Jupiter, this will perform the 1st ever lunar earth gravity assist to save propellant.
iii.This will also be the first spacecraft to change orbit from another planet to one of its moons(Jupiter to Ganymede).
Click here to know more about JUICE 
Astronomers Discovered 12 new Moons of Jupiter; Beocmes Planet with most Moons 
Astronomers have discovered 12 new moons of Jupiter, taking the total number of natural satellites revolving around Jupiter from 80 to 92. Jupiter becomes the planet with the most number of moons overtaking Saturn which has 83 confirmed moons.

  • The findings have been reported by astronomer Scott S. Sheppard from the Carnegie Institution for Science in Washington DC who observed the planet between 2021 and 2022.
  • The Minor Planet Center (MPC) of the International Astronomical Union (IAU) has published the orbits of the new moons.

New Balance Indoor Grand Prix 2023: India’s Tejaswin Shankar won Gold in Men’s High Jump

On 4th February 2023, Indian High Jumper & Commonwealth Games 2022 bronze medallist, Tejaswin Shankar won the gold medal in men’s high jump event with a leap of 2.26 metres at the 2022 New Balance Indoor Grand Prix, a World Athletics Indoor Tour Gold Series event,  held in Boston, United States of America(USA).

  • 2007 world champion & four-time Olympian Donald Thomas (2.23 metres) of the Bahamas secured the 2nd spot and Darryl Sullivan of the USA came in 3rd with a season-best of 2.19 metres.
  • In 2018, Tejaswin Shankar set India’s indoor high jump record at 2.28 metres. He also holds the national record for men’s outdoor high jump in India with 2.29 metres.
  • He won the bronze in Men’s high jump at Birmingham 2022 Commonwealth Games(CWG) and became the first Indian to win a CWG medal in the sport.

The high jump field at New Balance Indoor Grand Prix consisted of only 4 athletes.


Former Pakistan President, General Pervez Musharraf (Retd) Passed AwayOn 5th February 2023, Pervez Musharraf, Former President of Pakistan (2001-2008) and retired General, passed away at the age of 79 in Dubai, the United Arab Emirates (UAE). Pervez Musharraf was born on 11th August 1943 in Delhi, British India (now New Delhi, Delhi, India).

  • Pervez Musharraf was known as the architect of the 1999 conflict in Kargil.

About Pervez Musharraf:
i. Pervez Musharraf moved from Delhi to Karachi, Pakistan, in 1947, during the India-Pakistan partition.
ii. He joined the army in 1964, graduated from the Army Command and Staff College in Quetta, and attended the Royal College of Defence Studies in London.
iii. He fought in the Indo-Pakistan War of 1965 as a second lieutenant, and also participated in the Indo-Pakistan War of 1971 as a Company Commander in the Commando Battalion.

  • Between 1966 and 1972, he was initially promoted to Army Captain and then to Major.

iv. He rose to the rank of General and was appointed as the Chief of Army Staff in  1998, by then Prime Minister (PM) of Pakistan, Nawaz Sharif.
v. General Pervez Musharraf, then-Chief of Army Staff and Chairman of the Joint Chiefs of Staff Committee, led a coup against PM Nawaz Sharif and became head of government.
vi. He was associated with 2 parties: All Pakistan Muslim League and Pakistan Muslim League (Qaid e Azam Group).
vii. In 2001, he appointed himself as the President of Pakistan and served till 2008. Later in 2002, he amended the constitution 29 times, giving himself the authority to dismiss parliament and remove the PM.
viii. He was charged with high treason and given a death sentence in 2019 for suspending the Constitution. To avoid criminal charges against him in Pakistan, he lived in self-imposed exile in the UAE, since 2016.
ix. He published his autobiography titled “In the Life of Fire: A Memoir” in 2006.
Honour:
Pervez Musharraf was honoured with the Imtiaz Sanad Medal for his gallantry during the Indo-Pakistan War of 1965.


International Day of Zero Tolerance for Female Genital Mutilation 2023 – February 6The United Nations (UN)’s International Day of Zero Tolerance for Female Genital Mutilation(FGM) is annually observed across the globe on February 6 to combat the horrific practice of female genital mutilation (FGM).

  • The day offers an opportunity for all stakeholders involved in eliminating FGM to recognise achievements, advocate for the abandonment of the practice, and raise awareness

6th February 2023 marks the 12th anniversary of the International Day of Zero Tolerance for Female Genital Mutilation.
The theme of International Day of Zero Tolerance for Female Genital Mutilation 2023 is “Partnership with Men and Boys to transform Social and Gender Norms to End FGM”.
Background:
i. On 6th February 2003, Stella Obasanjo, the 1st Lady of Nigeria and spokesperson for the Campaign Against Female Genital Mutilation (FGM), made the official declaration on “Zero Tolerance to FGM in Africa during a conference organised by the Inter-African Committee on Traditional Practices Affecting the Health of Women and Children (IAC).

  • The 1st International Day of Zero Tolerance for Female Genital Mutilation (FGM) was observed on 6th February 2003.
  • As a result, February 6 has been designated as the International Day of Zero Tolerance for FGM by the UN Sub-Commission on Human Rights.

ii. The United Nations General Assembly (UNGA) adopted the resolution A/RES/67/146 on 20th December 2012 and proclaimed the 6th February of every year as the International Day of Zero Tolerance for Female Genital Mutilation.
About the United Nations Population Fund (UNFPA):
United Nations Population Fund, formerly the United Nations Fund for Population Activities, is a UN agency aimed at improving reproductive and maternal health worldwide
Executive Director- Dr Natalia Kanem
Headquarters- New York, United States of America (USA)
Establishment- 1969
About the United Nations Children’s Fund (UNICEF):
Executive Director- Catherine M. Russell
Headquarters- New York, USA
Establishment- 1946

Pune-Nashik High-Speed Rail Project Received in-principle Approval from Railway Ministry

On February 4, 2023, Devendra Fadnavis, the Deputy Chief Minister of Maharashtra, announced that the Ministry of Railways had accorded “in principle approval” for the Pune-Nashik (Maharashtra) high-speed rail project, which had been in the works since 2020.

Devendra Fadnavis made the announcement after a meeting with Ashwini Vaishnaw, the Railway Minister, in New Delhi, Delhi.

  • The officials from Maharashtra and the railway ministry will make a technical appraisal of the project and then take the proposal to the Union Cabinet for approval.
  • The high-speed rail between Pune and Nashik will boost development and provide seamless connectivity to the industrial zones of both cities.