CURRENT AFFAIRS: IMPORTANT DAYS
United Nations International Day of Conscience:
- The General Assembly of the United Nations agreed in 2019 to declare April 5th the International Day of Conscience, with the aim of creating conditions of stability and well-being and relationships based on respect for human rights and fundamental freedoms for all, without distinction based on race, sex, language or religion.
- The year 2022 marks the third edition of the celebrations.
- This day serves to remind people to self-reflect, follow their conscience, and do the right things.
- This Day is observed every year on the 5th of April and the first International Conscience Day was observed in 2020.
SEBI panel on governance of stock exchanges
What is the news :
- Capital markets regulator SEBI on Monday constituted a committee for reviewing and making recommendations for further strengthening of governance norms at stock exchanges and other market infrastructure institutions (MIIs).
- The development comes in the backdrop of alleged corporate governance lapses at NSE, with several issues coming to the fore following a SEBI order that disclosed existence of a ‘Himalayan yogi’ who influenced the decisions of the exchange’s former MD and CEO Chitra Ramkrishna.
- Apart from this, Ramkrishna had shared certain internal confidential information, including financial and business plans of NSE, dividend scenario, financial results with the yogi and even consulted him over the performance appraisals of the exchange’s employees.
The environment ministry announces the launch of the PRAKRITI green initiative
What is the news :
- The Union Minister of Environment, Forest & Climate Change, Shri Bhupender Yadav launched ‘Prakriti’, a mascotto spread greater awareness among masses about small changes that can be sustainably adopt in our lifestyle for a better environment, and various green initiatives taken by Ministry of Environment, Forest & Climate Change and Central Pollution Control Board (CPCB) to ensure effective Plastic Waste Management (PWM) in the country, in the presence of Minister of State, Shri Ashwini Kumar Choubey and senior officials of the government.
IDRCL: stakes of canara bank, SBI, PNB, union bank reduced to 5%
What is the news:
- Four public sector lenders — State Bank of India, Canara Bank, Punjab National Bank and Union Bank of India said their stakes in India Debt Resolution Company Ltd (IDRCL) have come down to 5 per cent each.
- The bad bank or the National Asset Reconstruction Company Ltd (NARCL) will acquire bad loans from banks to help clean up their books, while the IDRCL will handle the debt resolution process of these loans.
- With the current round of preferential allotment by IDRCL, equity stake of Canara Bank has now reduced to 5 per cent from previous holding of 14.90 per cent, the bank said in a regulatory filing.
Indian oil L &T renew partnership for green hydrogen
What is the news :
- To enable decarbonization push, Indian Oil Corporation Ltd, Larsen & Toubro (L&T), ReNew Power announced signing of a binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen sector in India.
- Additionally, IndianOil and L&T have signed a binding term sheet to form a JV with equity participation to manufacture and sell Electrolyzers used in the production of Green Hydrogen.
About the Partnership :
- The IndianOil-L&T-ReNew JV will focus on developing Green Hydrogen projects in a time-bound manner to supply Green Hydrogen at an industrial scale.
SEBI launches Manthan- ideathon to promote innovation in the securities market
What is the news:
- SebiChairperson Madhabi Puri Buch said that India is well positioned to leverage technology in the securities market to deliver customised solutions at a very low cost to individuals across the country as she launched an ideathon to promote innovation.
- Launching the ideathon ‘Manthan’, Buch highlighted that adoption of financial technology (FinTech) in the securities market presents significant opportunities for stakeholders.
