Daily Current Affairs – April 05, 2023
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Daily Current Affairs - Banking - April 05, 2023
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National News
Over 2.31 lakh wetlands mapped in the Country by Space Application Centre, Ahmedabad
- The Government informed that there are 75 Wetlands of International Importance as Ramsar sites covering an area of 1.33 million hectares in the country.
- Minister of State for Environment, Forest and Climate Change Ashwini Kumar Choubey said more than 2 lakh 31 thousand wetlands have been mapped in the Country by Space Application Centre ISRO, Ahmedabad.
- He also informed that recently a National Wetland Decadal Change Atlas 2017 has been published on the status of wetlands in the country.
- Mr. Choubey further informed that to maintain information about the ecological conditions of wetlands National Wetlands Committee and State Wetlands Authorities have been constituted within their jurisdiction.
- Ministry of Environment, Forest and Climate Change (MoEFCC) – Bhupender Yadav, Cabinet Minister (Rajya Sabha MP,Rajasthan) – Ashwini Kumar Choubey, Minister of State (Buxar,Bihar)
State News
GI Tag for Basohli Painting
- The world-famous Basohli painting from Jammu and Kashmir’s Kathua district has obtained the Geographical Indication (GI) Tag following an approval by the National Bank for Agriculture and Rural Development (NABARD).
- Besides the Basohli paintings, Basohli pashmina woolen products (Kathua), Chikri wood craft (Rajouri), Bhaderwah rajma (Doda), Mushkbudji rice (Anantnag), Kaladi (Udhampur), Sulai honey (Ramban), Anardana (Ramban) and Ladakh wood carving (Ladakh) were the other products pitched for the GI-tagging.
- These products from Jammu and Kashmir have been included among 33 others, highest-ever in a single year, cleared for GI-tagging on March 31.
- Basohli painting of Kathua is the first independent GI tagged product from Jammu region.
- Jammu & Kashmir – Srinagar (May–October) Jammu (Nov-April) (Capital) – Manoj Sinha (Lieutenant Governor) – Urdu, Kashmiri, Dogri, Hindi, English (Language)
Telangana introduces ‘cool roof policy’
- Municipal Administration and Urban Development Minister K T Rama Rao launched the Telangana Cool Roof Policy 2023-28 to make the state more thermally comfortable and heat-resilient by reducing the impact of the urban heat island effect and heat stress, and also to bring down energy consumption.
- A cool roof, which uses special paints or tile cover, is designed to reflect more sunlight than a conventional roof, thus reducing heat retention and cooling indoor spaces.
- Telangana – Hyderabad (Capital) – K Chandrashekar Rao (CM) – Tamilisai Soundarajan (Governor) –Telugu (Language)
NBCC bags Rs 448 crores order for road construction in Mizoram along Indo-Bangla border
- State-owned construction company NBCC has received an order worth Rs 448 crore from the Ministry of Home Affairs for laying an 88.58-kilometre-long road in Mizoram along the Indo-Bangla border.
- NBCC (India) Limited (formerly National Buildings Construction Corporation) – 1960 (Founded) – New Delhi (HQ) – P K Gupta (Chairman & MD)
2nd G20 Employment Working Group Meeting held in Guwahati
- 2nd Employment Working Group Meeting of the G20 was held in Guwahati.
- A total of 74 delegates from member countries, guest countries and international organizations have participated in the three-day long event.
- Ministry of Labour and Employment (MoLE), Government of India, is the nodal ministry for the Employment Working Group under the Indian presidency of G20.
- Ministry of Labour & Employment Bhupender Yadav,Cabinet Minister (Rajya Sabha MP,Rajasthan) – Rameshwar Teli,Minister of State (Dibrugarh,Assam)
Schemes
Krishi Udan Scheme covers 58 airports in the country
- Minister of State for Civil Aviation Gen.V K Singh has said the Krishi Udan Scheme covers 58 airports in the country.
- The Minister said that it primarily focuses on 25 airports in North Eastern, Hilly and Tribal regions, besides 33 airports in the other areas.
- This scheme has been launched to assist farmers in transporting agricultural products.
- He said, for facilitating and boosting the movement of agri products, Airport Authority of India is providing the infrastructure.
- Ministry of Civil Aviation – Jyotiraditya Scindia,Union Minister (Rajya Sabha MP,MP) – General Vijay Kumar Singh,Minister of State
Banking and Finance
Karur Vysya Bank ties up with SBI Life to market insurance schemes
- Karur Vysya Bank Ltd. (KVB) has entered into a pact with SBI Life Insurance to market the latter’s insurance schemes through its branches.
- KVB is a major player in the South with strong presence in urban, semi-urban and rural locations.
- SBI Life Insurance would leverage the strengths of the bank to market its schemes.
- Karur Vysya Bank – 1916 (Founded) – Karur (HQ) – Mr. Ramesh Babu
- (MD & CEO) – “Smart Way to Bank” (Tagline)
Bank of Maharashtra inaugurated its first dedicated Branch for Start-ups in Pune
- State-owned Bank of Maharashtra (BoM) has opened its first dedicated branch for startups in Pune.
- The dedicated branch will provide all kinds of support to a startup during its growth journey.
- Bank of Maharashtra (BoM) – 16/09/1935 (Founded) – Pune, Maharashtra (HQ) – A. S. Rajeev (MD & CEO) – “One Family One Bank” (Tagline)
Bank NPAs to improve to decadal low of 3.8pc by FY24-end
- Banks’ gross non-performing assets (NPAs) will reduce further to a decadal low of 3.8 per cent by end of FY2023-24, credit rating agency Crisil.
- The agency estimates NPAs to reduce to 4.2 per cent by end of the just concluded FY23 as against 5.9 per cent in the year-ago period.
- It had earlier estimated NPAs to come at 4 per cent by end of FY24.
Business and Economy
World Bank cuts India's growth forecast to 6.3 pc in FY24
- India’s GDP is expected to moderate to 6.3 per cent, as against earlier estimate of 6.6 per cent, due to moderation in consumption in FY24, the World Bank said in a report.
- The report projects Current Account Deficit to moderate to 2.1 per cent in FY24, as against 3 per cent in the current financial year.
- With regard to inflation, the World Bank Report expects it to ease to 5.2 per cent, against 6.6 per cent in the current fiscal.
- World Bank – December 1944 (Founded) – Washington DC (HQ) – David Malpass (President)
ADB slashes India GDP growth forecast to 6.4% for FY24
- The Asian Development Bank (ADB) slashed its India growth forecast for FY24 to 6.4 per cent from 7.2 per cent estimated earlier, citing risks arising from global and domestic factors.
- Asian Development Bank (ADB) – 19/12/1966 (Founded) – Mandaluyong, Philippines (HQ) – Masatsugu Asakawa (President) – 68 countries
Science and Technology
PhonePe launches new shopping app Pincode on ONDC
- PhonePe launched a new shopping app called “Pincode,” which is built on top of the ONDC platform.
- The app will focus on hyperlocal e-commerce and is now available for download on the Google Play Store and App Store.
- Currently, the app is live only for customers in Bengaluru and will be launched in other cities soon.
- PhonePe – 2015 (Founded) – Bangalore (HQ) – Sameer Nigam (Co-Founder & CEO)
Nasa names first woman and black man on Moon mission
- Christina Koch will become the first woman astronaut ever assigned to a lunar mission, while Victor Glover will be the first black astronaut on one.
- They will join Reid Wiseman and Jeremy Hansen to fly a capsule around the Moon late next year or early in 2025.
- The astronauts won’t land on the Moon, but their mission will pave the way for a touchdown by a subsequent crew.
- National Aeronautics and Space Administration (NASA) – 29/07/1958 (Founded) – Washington DC (HQ) – Bill Nelson (Administrator)
Appointments
Pranav Haridasan appointed as MD and CEO of Axis Securities
- Axis Securities announced the appointment of Pranav Haridasan as its new Managing Director & CEO for a tenure of 3 years.
- Pranav Haridasan will succeed the current MD & CEO, B Gopkumar, who transitioning to Axis Asset Management Company as MD & CEO.
- Haridasan is currently the Managing Director and Co-Head of Equities at Axis Capital.
Sudha Shivkumar is National President FICCI FLO
- The Federation of Indian Chambers of Commerce and Industry Ladies Organisation (FLO) said investment banker and lawyer Sudha Shivkumar has taken over as its 40th National President.
- FICCI FLO is the oldest women-led and women-centric business chamber of Southeast Asia.
- Sudha Shivkumar has served FLO Chennai Chapter as its chairperson in 2016-17.
- FLO currently has 19 chapters across the country with about 3,000 members.
- Federation of Indian Chambers of Commerce & Industry (FICCI) – 1927 (Founded) – New Delhi (HQ) – Shubhrakant panda (President)
Reports
India Justice Report 2022
- In India Justice Report (IJR) 2022 the State of Karnataka has achieved the top rank among the 18 large and mid-sized States with populations over one crore, as per the justice delivery namely Police, Judiciary, Prisons, and Legal Aid.
- The State of Tamil Nadu has ranked in second position and Telangana in Third.
- The State of Uttar Pradesh is at rank 18 which is the lowest.
- This report is based on overall data of 4 pillars of justice delivery namely Police, Judiciary, Prisons, and Legal Aid.
- The State of Gujarat has got the fourth position and Andhra Pradesh is at slot five as per the report which was released in New Delhi.
- Karnataka – Bengaluru (Capital) – Basavaraj Bommai (CM) –Thawarchand Gehlot (Governor) – Kannada (Language)
Awards and Recognitions
Kiran Nadar conferred with France's highest civilian award
- Philanthropist and art collector Kiran Nadar was recently conferred “Chevalier de la Légion d’Honneur” (Knight of the Legion of Honour) by French Ambassador to India Emmanuel Lenain.
- The highest French civilian award comes in recognition of Ms. Nadar’s outstanding contribution in the field of art, her commitment to providing greater access to culture both nationally and internationally, and her leading role in fostering Indo-French cultural ties.
- Ms. Nadar, chairperson of the Kiran Nadar Museum of Art (KNMA) a philanthropic initiative in art and a trustee of the Shiv Nadar Foundation has played a vital role in advancing Indo-French cultural ties, and artistic cooperation.
- France – Paris (Capital) – Euro (Currency) – Emmanuel Macron (President) – Élisabeth Borne (Prime Minister) – French (Language)
Sports News
Fino Payments Bank and Rajasthan Royals ties up for Digital Banking Partner
- Fino Payments Bank has renewed its association with Rajasthan Royals (RR) for the season 16 of IPL.
- Fino Bank will be RR’s official Digital Banking Partner.
- The bank made its maiden foray with the mega sporting event last season by partnering with RR as the Digital Payments Partner.
- The newly launched FinoPay digital savings account is expected to get more traction through this engagement.
- As the Digital Banking Partner, along with the core messages of convenience, accessibility, proximity and trust, the Bank would be looking to drive brand visibility and increase FinoPay app downloads.
- The app helps open digital savings account, an everyday banking account for routing small, daily spends.
- Fino Payments Bank – 23/06/2007 (Founded) – Mumbai (HQ) – Rishi Gupta (MD & CEO)
Important Days
INTERNATIONAL MINE AWARENESS DAY
- International Day of Mine Awareness and Assistance in Mine Action is observed every year on April 4 to raise awareness against explosive mines and gather assistance towards their eradication.
- The mine action community plays a significant role towards achieving the mine action goals and it is led by the United Nations Mine Action Service (UNMAS).
- The United Nations General Assembly established April 4 each year as International Day for Mine Awareness and Help in Mine Action on December 8, 2005.
- Theme – “Mine Action Cannot Wait”
- United Nations Mine Action Service (UNMAS) – October 1997 (Founded) – New York (HQ) – Ilene Cohn (Director)
Defence
Of ₹24,000 crore promised, UP & TN defence corridors get ₹6,000 crore from 163 MoUs
- Over ₹6,000 crore investments have come into two defence industrial corridors (DICs) of Uttar Pradesh and Tamil Nadu out of total commitment of close to ₹24,000 crores to the two States emerging from 163 MoUs with industries and institutions, the government told the parliament.
- As per available information, 108 Memorandum of Understanding (MoU) have been signed with industry/organisation in UPDIC having potential investment of ₹12,191 crores.
- Investment of ₹2,445 crores has been made and 1,611 ha of lands has been acquired so far for development of UPDIC.
- Further, in Tamil Nadu, arrangements have been made through MoUs etc with 53 industries for potential investment of ₹11,794 crore.
- Investment worth ₹3,894 crore has been made and 910 ha has been acquired so far for development of TNDIC.
- The UPDIC is spread over six nodes of Aligarh, Agra, Jhansi, Kanpur, Chitrakoot and Lucknow, while TNDIC is confined to Chennai, Hosur, Coimbatore, Salem and Tiruchirappalli.
- Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) is the nodal agency for UPDIC and Tamil Nadu Industrial Development Corporation (TIDCO) is the nodal agency for TNDIC, with both the states announcing their respective aerospace and defence policy to attract investments in DICs.
- Tamil Nadu – Chennai (Capital) – MK Stalin (CM) – RN Ravi (Governor) – Tamil (Language)
- Uttar Pradesh – Lucknow (Capital) – Yogi Adityanath (CM) – Anandiben Patel (Governor) – Hindi (Language)
Daily Current Affairs - April 05, 2023 - Consolidated
- Over 2.31 lakh wetlands mapped in the Country by Space Application Centre, Ahmedabad
- GI Tag for Basohli Painting
- Telangana introduces ‘cool roof policy’
- NBCC bags Rs 448 crores order for road construction in Mizoram along Indo-Bangla border
- 2nd G20 Employment Working Group Meeting held in Guwahati
- Krishi Udan Scheme covers 58 airports in the country
- Karur Vysya Bank ties up with SBI Life to market insurance schemes
- Bank of Maharashtra inaugurated its first dedicated Branch for Start-ups in Pune
- Bank NPAs to improve to decadal low of 3.8pc by FY24-end
- World Bank cuts India’s growth forecast to 6.3 pc in FY24
- ADB slashes India GDP growth forecast to 6.4% for FY24
- PhonePe launches new shopping app Pincode on ONDC
- Nasa names first woman and black man on Moon mission
- Pranav Haridasan appointed as MD and CEO of Axis Securities
- Sudha Shivkumar is National President FICCI FLO
- India Justice Report 2022
- Kiran Nadar conferred with France’s highest civilian award
- Fino Payments Bank and Rajasthan Royals ties up for Digital Banking Partner
- INTERNATIONAL MINE AWARENESS DAY
- Of ₹24,000 crore promised, UP & TN defence corridors get ₹6,000 crore from 163 MoUs
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