Excellence by Saikat Sir: Daily Current Affairs February 27 & 28 2022

Daily Current Affairs February 27 & 28 2022

CURRENT AFFAIRS: NATIONAL NEWS

Giriraj Singh has launched Ombudsperson App for Mahatma Gandhi NREGA:

Union Minister for Rural Development and Panchayati Raj, Giriraj Singh has launched Ombudsperson App for Mahatma Gandhi NREGA.
Ministry of Rural Development has developed an Ombudsperson App for smooth reporting and categorization of grievances by Ombudsperson based on complaints he received from various sources.

Expected Questions:

Who introduced NREGA?

P.V. Narasimha Rao

Who is the Secretary of education Ministry?

Kapila C.K. Perera

The/Nudge Foundation, Ashirvad pipes, GoI announces The/Nudge Prize Ashirvad water challenge:

The/Nudge Foundation in partnership with plumbing brand Ashirvad Pipes and the office of the principal scientific adviser to the government has announced a prize worth a sum of Rs 2.5 crore for innovators working towards access to clean drinking water.

Expected Question:

Who is the Principal Scientific Adviser to the Government of India?

K Vijay Raghavan

Nabard sanctions Rs 254 crore for drinking water projects in Odisha:

Nabard has sanctioned Rs 254 crore to Odisha under Rural Infrastructure Development Fund (RIDF) for setting up of two mega piped drinking water supply projects
These projects are expected to provide clean and safe drinking water to 8.78 lakh rural population across 1.37 lakh household in 565 villages of the state on completion.

Health Minister Mansukh Mandaviya has launched National Polio Immunization Drive for 2022:

Union Health Minister Mansukh Mandaviya has launched the National Polio Immunization Drive for 2022 by administering polio drops to children below five years of age in New Delhi.
The health minister encouraged family members and NGOs to come forward in order to give polio drops to children below the age of 5 years.

Expected Question:

When National Immunization Day is celebrated every year?

March 16.

When was Universal Immunization Programme (UIP) launched?

The Government of India in 1985.

CURRENT AFFAIRS: STATE NEWS

Mizoram CM Zoramthanga presents budget 2022-23 with an outlay of Rs 14,008.15 cr

Mizoram Chief Minister Zoramthanga presented the annual budget of the state for the financial year 2022-2023 with a total outlay of Rs. 14,008.15 crore, which is Rs 2,859.26 crore higher than the budget estimate of 2021-2022.
Out Of the total Rs 14,008.15 crore budget estimate, 28.57 percent (Rs 4,001.64 cr ) has been earmarked for capital expenditure, while the revenue expenditure accounts for 71.43 per cent (Rs 10,006.51 cr) of the total budget
The chief minister also presented supplementary demands for grants for the financial year 2021-2022 amounting to Rs 6,025.44 crore.
There is no proposal for levying new taxes or enhancing tax rates in the new budget.
Revenue Receipt of 2022-23 is Rs 11,426.21 crore.

Aim :

To maintain a revenue surplus of Rs 1,419.69 crore as the government will explore all potential avenues for increasing revenue income with the constitution of the Mizoram Resource Mobilisation Committee.

Expected Questions :

How much fund has been allocated for the implementation of Socio-Economic Development Policy (SEDP) for the fiscal 2022-2023?

Rs 700 Crore

CURRENT AFFAIRS : BANKING & FINANCE

Union MSME Minister Narayan Rane launches Union Bank MSME RuPay Credit

On February 25, 2022, Union Minister for Micro, Small & Medium Enterprises, Shri Narayan Rane launched the Union MSME RuPay Credit Card of Union Bank of India at the MSME Conclave being held in Sindhudurg district of Maharashtra.
The card is being offered by Union Bank of India.
It provides a simplified payment mechanism to MSMEs to meet their business-related operational expenses.
The cards for MSMEs will be available to eligible borrowers of Union Bank of India.

Benefits :

Anytime digital payments,
Interest-free period
Carry interest rate similar to the rate charged for loans
Offers the EMI facility to the customers on their business-related purchases.

Expected Questions :

In association with which division Union Bank of India has launched Union MSME RuPay Credit Card?

National Payments Corporation of India (NPCI)

Headquarters of Union Bank located at?

Mumbai, Maharashtra

In which year the MSME Act was passed?

2006

Brickwork Ratings : GDP growth likely to be around 8.3% in FY22

According to Brickwork Ratings, revised downwards India’s GDP growth forecast to 8.3 percent in the current fiscal 2021-22 (FY22).
Earlier the ratings agency had given a forecast of5 to 9 per cent for FY22.
As per the advance estimate for FY22 released by the Ministry of Statistics and Programme Implementation (Mospi), the GDP is estimated to grow at 9.2% in real terms.

Expected Questions :

Where is Headquarters of Brickworks Ratings located ?

Bangalore, Karnataka

About Brickwork Ratings :

Founded : 2007
Brickwork Ratings is one of the seven Sebi-registered credit rating agencies (CRA).

RBI cancels registration certificate of P C Financial Services operating ‘Cashbean’ app

The Reserve Bank of India (RBI) has canceled the certificate of registration issued to PC Financial, which carries out lending operations through an app called Cashbean.
This is the first instance of regulatory action against an entity, due to a surge in complaints against usurious and unfair recovery practices being followed by several digital lenders.
In exercise of the powers conferred under Section 45-IA (6) (iv) of the Reserve Bank of India Act, 1934.

Additional Info :

The Directorate of Enforcement (ED) had seized bank/payment gateway funds worth Rs 288 crore belonging to PC Financial Services via three seizure orders issued under the provisions of the Foreign Exchange Management Act, 1999 (FEMA).

Expected Questions :

Where is the Headquarters of PC Financial Services Private limited located ?

Gurugram, Haryana

NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant

NHPC has inked a pact with HDFC bank to securitise return on equity (RoE) of its 540-MW (3 X 180 MW) Chamera-I Power Plant in Himachal Pradesh.
The amount of the securitisation facility has been arrived at Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills.

Expected Questions :

For how many years NHPC has inked a pact with HDFC bank to securitise return on equity (RoE) of its 540-MW Chamera-I Power Plant in Himachal Pradesh?

10 Years

Where is the Headquarters of National Hydroelectric Power Corporation Limited located ?

Faridabad, Haryana

Who is the MD & CEO of HDFC Bank Limited?

Sashidhar Jagdishan

Star Health & South Indian Bank announce Bancassurance tie-up to offer Health Insurance

South Indian Bank has joined hands with Star Health and Allied Insurance Co. Ltd., as a corporate agent to provide a slew of innovative health insurance products for the Bank’s more than 6.5 million customers spread over 923 branches across India.
The strategic tie-up help us reach out to their customers and enable them to financially safeguard themselves from rising healthcare costs.

Expected Questions :

Who is the MD & CEO of South Indian Bank?

Mr. Murali Ramakrishnan

Which is India’s first standalone health insurance provider?

Star Health & Allied Insurance

Where is the Headquarters of Star Health and Allied Insurance Co. Ltd located ?

Chennai, Tamil Nadu

CURRENT AFFAIRS: BUSINESS NEWS

SEBI extends deadline for client-level segregation of funds:

The Securities and Exchange Board of India (Sebi) has extended the deadline for implementation of client level segregation of funds and monitoring of collateral at stock brokers to May 2.
In July last year, the regulator came out with guidelines on client-level segregation amid instances of misuse of client collateral by brokers.

Expected Questions:

When was the previous deadline announced?

February 28

When did SEBI come into existence?

January 30, 1992

Sebi revises disclosure format for abridged prospectus:

The Securities and Exchange Board of India (Sebi) has revised the disclosure format for the abridged prospectus.
It is aimed at simplifying and providing greater clarity and consistency in the disclosures across various documents and to provide additional but critical information in the abridged prospectus.

Ideal Finance rebrands itself to Mahindra Ideal Finance:

Ideal Finance, a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), has announced the rebranding of its company name to Mahindra Ideal Finance (MIFL).
This rebranding will form the bedrock on which the two joint venture partners (Mahindra Finance and Ideal Group) will build the vision of making Mahindra Ideal Finance one of the leading licensed finance companies

Mahindra Finance and Ideal Group will build the leading licensed finance companies (LFC) in which Country?

Sri Lanka.

The investment by Mahindra Finance has resulted in a strong recognition for the

company with a re-rating from Which ratings to AA – (Outlook Stable)?

Fitch ratings

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

D2H ropes cricketer Rishabh Pant as brand ambassador

Dish TV India’s direct-to-home brand D2H has roped in Rishabh Pant as the new brand ambassador.
Pant will feature in 360-degree brand communication for D2H for the next two years.
In 2018 the DTH provider roped in Ranveer Singh to headline the marketing campaigns for Dish TV.

Expected Questions :

New brand ambassador of Dish TV India Rishabh Pant is related to which field?

Cricket

Headquarters of DishTV India Ltd located at?

Noida, Uttar Pradesh

KS Mani elected director of NCDFI

KS Mani has been elected to the Board of Directors of the National Cooperative Dairy Federation of India (NCDFI), the apex body of dairy and edible oil cooperatives in India.

About KS Mani :

KS Mani Hailing from Palakkad district, Kerala.
He is the President of the Ennapadam Milk Co-operative Society in Palakkad.
He had served as the Southern Region Chairman of the Engineering Exports Promotion Council (EEPC) under the Union Commerce Ministry.
K S Mani serves as the Chairman of the Malabar Regional Cooperative Milk Producers Union.

Awards & Honors :

EEPC’s Star Performer Award in 2010 and 2016
Southern Regional Award in 2013.

Expected Questions :

Who is the Chairman of Kerala Cooperative Milk Marketing Federation?

KS Mani

Headquarters of Kerala Co-operative Milk Marketing Federation located at?

Thiruvananthapuram, Kerala

Headquarters of NCDFI located at?

Anand, Gujarat

About NCDFI :

Established : 1970
It has 19 Regular Members, 13 Associate Members and National Dairy Development Board (NDDB) as its Institutional Member.
Associated with NCDFI are 27 state milk federations, 223 district unions, 1.96 lakh village-level societies and 173 lakh dairy farmers.

About KCMMF :

Founded : 1980
It is known popularly by the brand name Milma.

CURRENT AFFAIRS : MOU & AGREEMENTS

MoD signs Rs 1,075 crore contract with BEL for retro-modification of commander sight in battle tanks

The Ministry of Defence inked a contract of Rs 1,075 crore with Bharat Electronics Limited (BEL) for retro-modification of commander sight in 957 T-90 battle tanks.
Based on the requirement projected by the Indian Army, the Defence Research Development Organisation (DRDO) and BEL have jointly designed and developed an advanced mid wave thermal image (MWIR)-based sight as a replacement for the existing IC-based sight.

About MWIR :

A thermal imager capable of detecting the targets at 8 km during day and night and a laser rangefinder (LRF) to find the ranges accurately up to 5 km.

Expected Questions :

Where is the Headquarters of Bharat Electronics Limited (BEL) located ?

Bangalore, Karnataka

Who is the chairman of Hindustan Aeronautics Limited?

R Madhavan

CURRENT AFFAIRS : DEFENCE NEWS

3rd India-Japan joint exercise EX DHARMA GUARDIAN-2022 begins at Belagavi

The 3rd edition of the joint military exercise “EX DHARMA GUARDIAN-2022” between India and Japan will be conducted at Foreign Training Node, Belagavi (Belgaum, Karnataka) from 27 February 2022 to 10 March 2022.
The 15th Battalion the MARATHA LIGHT INFANTRY Regiment of the Indian Army and 30th Infantry Regiment of Japanese Ground Self Defence Forces (JGSDF) are participating in the exercise.
The 12 day joint exercise would enhance interoperability in planning & execution of various operations in jungle & semi urban/ urban terrain.

Expected Questions :

When was the first edition of the Dharma Guardian exercise held?

2018, Mizoram

About Japan :

Prime minister: Fumio Kishida
Capital: Tokyo
Currency: Japanese yen

Indian Navy’s multilateral exercise Milan-2022

The latest edition of Indian Navy’s multilateral exercise MILAN 2022 is scheduled to commence from 25 Feb 2022 in Visakhapatnam, Andhra Pradesh.

MILAN 22 is being conducted over a duration of 9 days in two phases

Harbor phase scheduled from 25 to 28 February 2022 & Sea Phase from 01 to 04 March 2022.

To enhance operational skills, imbibe best practices and procedures, and enable doctrinal learning in the maritime domain, through professional interaction between friendly navies.

Expected Questions :

What is the Theme of MILAN 2022 exercise?

Camaraderie – Cohesion – Collaboration

Which city is known as City of Destiny?

Visakhapatnam

In which year, MILAN exercise was launched by the Indian Navy?

1995 at Andaman and Nicobar Command

CURRENT AFFAIRS : RANKING & INDEX

India ranks 43rd in 2022 USCC – GIPC’s International Intellectual Property Index – USA Tops

India has been ranked at 43rd in the 2022 International Intellectual property (IP) Index released by the Global Innovation Policy Center of the U.S. Chamber of Commerce out of 55 countries.
India’s overall score has increased from 38.40 percent (19.20 out of 50) in the ninth edition to 38.64 percent (19.32 out of 50) in the 10th edition.

Top five countries :

United States with a score of 95.48%
United Kingdom – 94.14%
Germany – 92.46%
Sweden
France

Expected Questions :

Where is the Headquarters of USCC located ?

Washington, D.C, United States

In 2022 the U.S. Chamber of Commerce Global Innovation Policy Center (GIPC) released which edition of the International IP Index?

10th edition

Recent Related News :

In July 2021, the Parliamentary Standing Committee on Commerce released a Review of the Intellectual Property Rights Regime in India.
This review offers a comprehensive and detailed study of the strengths and weaknesses of India’s national IP environment.

About USCC :

Founded : April 22, 1912
CEO : Suzanne P. Clark

CURRENT AFFAIRS: ACQUISITION AND MERGERS

Bharti Airtel to acquire 4.7% stake of Vodafone in Indus Towers:

Bharti Airtel has decided to acquire an additional 4.7 per cent stake in Indus Towers from Vodafone Group, the company has announced.
The two companies signed an agreement on the condition that Vodafone will use the proceeds to invest in Vodafone Idea (Vi) and the latter will clear its pending dues with Indus Towers.

With the acquisition, Airtel’s shareholding in Indus Towers will increase to what percent?

46.4 per cent.

Vodafone holds a 28.1 per cent stake in the company at present and its shareholding will reduce to how per cent?

21 percent

Bharti Airtel

CEO: Gopal Vittal
Founder: Sunil Bharti Mittal
Founded: 7 July 1995, India.

Vodafone to sell 2.4% in Indus via block deal:

UK’s Vodafone Group Plc is planning to sell 2.4% stake in Indus Towers through a block deal and is also in talks with one of the tower company’s largest shareholders to sell 4.7% more.
It could raise up to Rs 4,300-4,400 crore through these stake stales and the funds will be infused into loss-making Vodafone Idea.

CURRENT AFFAIRS: SPORTS NEWS

Mirabai Chanu wins gold at Singapore Weightlifting International:

Indian weightlifter and 2020 Tokyo Olympics silver-medallist, Mirabai Chanu has won the gold medal at the Singapore Weightlifting International 2022 on February 25, 2022.
Chanu lifted 191kg (86kg+105kg) to stand on top of the podium.

Mirabai Chanu has won the gold medal under which category?

55kg

Chanu has qualified for the 2022 Commonwealth Games (CWG) in Birmingham for which Categories?

55kg and 49kg

Sports administrator Sahdev Yadav elected as president of Indian Weightlifting Federation:

Veteran sports administrator Sahdev Yadav was unanimously elected as president of the Indian Weightlifting Federation (IWF) for a four-year term.
Anand Gowde was elected as secretary-general of the federation and Naresh Sharma the treasurer during the electoral congress Annual General Council Meeting at a city hotel.

Odisha’s first tribal CM Hemananda Biswal passes away:

Odisha’s first tribal chief minister as well as last Congress chief minister of the state, Hemananda Biswal passed away.
He was 82.

Hemananda Biswal was elected to the Odisha assembly for the first time in 1974 from which constituency?

Laikera constituency

In which year he was elected as an MP from Sundargarh?

2009

Daily CA on Feb 27 & 28:

Union Minister for Rural Development and Panchayati Raj, Giriraj Singh has launched Ombudsperson App for Mahatma Gandhi NREGA.
The/Nudge Foundation in partnership with plumbing brand Ashirvad Pipes and the office of the principal scientific adviser to the government has announced a prize worth a sum of Rs 2.5 crore for innovators working towards access to clean drinking water.
Union Health Minister Mansukh Mandaviya has launched the National Polio Immunization Drive for 2022 by administering polio drops to children below five years of age in New Delhi.

Mizoram Chief Minister Zoramthanga presented the annual budget of the state for the financial year 2022-2023 with a total outlay of Rs. 14,008.15 crore, which is Rs 2,859.26 crore higher than the budget estimate of 2021-2022.
On February 25, 2022, Union Minister for Micro, Small & Medium Enterprises, Shri Narayan Rane launched the Union MSME RuPay Credit Card of Union Bank of India at the MSME Conclave being held in Sindhudurg district of Maharashtra.
According to Brickwork Ratings, revised downwards India’s GDP growth forecast to 8.3 percent in the current fiscal 2021-22 (FY22).
The Reserve Bank of India (RBI) has canceled the certificate of registration issued to PC Financial, which carries out lending operations through an app called Cashbean.
NHPC has inked a pact with HDFC bank to securitise return on equity (RoE) of its 540-MW (3 X 180 MW) Chamera-I Power Plant in Himachal Pradesh.
South Indian Bank has joined hands with Star Health and Allied Insurance Co. Ltd., as a corporate agent to provide a slew of innovative health insurance products for the Bank’s more than 6.5 million customers spread over 923 branches across India.

The Securities and Exchange Board of India (Sebi) has extended the deadline for implementation of client level segregation of funds and monitoring of collateral at stock brokers to May 2.
Ideal Finance, a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), has announced the rebranding of its company name to Mahindra Ideal Finance (MIFL).

Dish TV India’s direct-to-home brand D2H has roped in Rishabh Pant as the new brand ambassador.
KS Mani has been elected to the Board of Directors of the National Cooperative Dairy Federation of India (NCDFI), the apex body of dairy and edible oil cooperatives in India.
The Ministry of Defence inked a contract of Rs 1,075 crore with Bharat Electronics Limited (BEL) for retro-modification of commander sight in 957 T-90 battle tanks.
The 3rd edition of the joint military exercise “EX DHARMA GUARDIAN-2022” between India and Japan will be conducted at Foreign Training Node, Belagavi (Belgaum, Karnataka) from 27 February 2022 to 10 March 2022.
The latest edition of Indian Navy’s multilateral exercise MILAN 2022 is scheduled to commence from 25 Feb 2022 in Visakhapatnam, Andhra Pradesh.
India has been ranked at 43rd in the 2022 International Intellectual property (IP) Index released by the Global Innovation Policy Center of the U.S. Chamber of Commerce out of 55 countries.

Bharti Airtel has decided to acquire an additional 4.7 per cent stake in Indus Towers from Vodafone Group, the company has announced.
Indian weightlifter and 2020 Tokyo Olympics silver-medallist, Mirabai Chanu has won the gold medal at the Singapore Weightlifting International 2022 on February 25, 2022.
Odisha’s first tribal chief minister as well as last Congress chief minister of the state, Hemananda Biswal passed away.

Pages

Daily Current Affairs February 27 & 28 2022

CURRENT AFFAIRS: NATIONAL NEWS

Giriraj Singh has launched Ombudsperson App for Mahatma Gandhi NREGA:

Expected Questions:

Related News:

The/Nudge Foundation, Ashirvad pipes, GoI announces The/Nudge Prize Ashirvad water challenge:

Expected Question:

Related News:

Nabard sanctions Rs 254 crore for drinking water projects in Odisha:

Health Minister Mansukh Mandaviya has launched National Polio Immunization Drive for 2022:

Expected Question:

Recent News

CURRENT AFFAIRS: STATE NEWS

Mizoram CM Zoramthanga presents budget 2022-23 with an outlay of Rs 14,008.15 cr

Expected Questions :

Recent News :

CURRENT AFFAIRS : BANKING & FINANCE

Union MSME Minister Narayan Rane launches Union Bank MSME RuPay Credit

Expected Questions :

Recent News :

Brickwork Ratings : GDP growth likely to be around 8.3% in FY22

Expected Questions :

RBI cancels registration certificate of P C Financial Services operating ‘Cashbean’ app

Expected Questions :

Recent News :

NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant

Expected Questions :

Recent News :

Star Health & South Indian Bank announce Bancassurance tie-up to offer Health Insurance

Expected Questions :

Recent News :

CURRENT AFFAIRS: BUSINESS NEWS

SEBI extends deadline for client-level segregation of funds:

Expected Questions:

Related News:

Sebi revises disclosure format for abridged prospectus:

Ideal Finance rebrands itself to Mahindra Ideal Finance:

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

D2H ropes cricketer Rishabh Pant as brand ambassador

Expected Questions :

Recent News :

KS Mani elected director of NCDFI

Expected Questions :

CURRENT AFFAIRS : MOU & AGREEMENTS

MoD signs Rs 1,075 crore contract with BEL for retro-modification of commander sight in battle tanks

Expected Questions :

Recent News :

CURRENT AFFAIRS : DEFENCE NEWS

3rd India-Japan joint exercise EX DHARMA GUARDIAN-2022 begins at Belagavi

Expected Questions :

Indian Navy’s multilateral exercise Milan-2022

Expected Questions :

CURRENT AFFAIRS : RANKING & INDEX

India ranks 43rd in 2022 USCC – GIPC’s International Intellectual Property Index – USA Tops

Top five countries :

Expected Questions :

Recent Related News :

CURRENT AFFAIRS: ACQUISITION AND MERGERS

Bharti Airtel to acquire 4.7% stake of Vodafone in Indus Towers:

Recent News:

Vodafone to sell 2.4% in Indus via block deal:

CURRENT AFFAIRS: SPORTS NEWS

Mirabai Chanu wins gold at Singapore Weightlifting International:

Recent News:

Sports administrator Sahdev Yadav elected as president of Indian Weightlifting Federation:

Odisha’s first tribal CM Hemananda Biswal passes away:

Recent News:

Daily CA on Feb 27 & 28:

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