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CURRENT AFFAIRS SNIPPETS
20th May 2022
States News
Gyanesh Bharti appointed as Commissioner of
unified MCD
The Home Affairs Ministry has announced that 1998-batch IAS officer
Gyanesh Bharti has been appointed as the Commissioner of the unified Municipal
Corporation of Delhi. Meanwhile, Ashwani Kumar has been appointed as the
Special Officer in the unified MCD. The South, North and East civic bodies will
be treated as one Municipal Corporation of Delhi from May 22.
Rs 1,500 per acre incentive for farmers approved by Punjab Cabinet
The Punjab Cabinet has authorised a Rs 1,500 per acre incentive for farmers who
grow paddy using the direct seeding of rice technology. A total of Rs 450 crore
has been set aside to provide incentives to farmers who promote the DSR (Direct
Seeding of Rice) technique, which uses less water and is more cost-effective.
The incentive scheme was approved by the Cabinet in a meeting headed by chief
minister Bhagwant Mann. The incentive
was offered by Bhagwant Mann to combat the state's diminishing ground water
table. Paddy seeds are drilled into the
field using the DSR process, which uses a machine that accomplishes both rice
seeding and pesticide spraying at the same time. Farmers nurture immature paddy plants in
nurseries before uprooting and transplanting them onto a puddled field,
according to the customary practise. The
incentive will encourage farmers to use this established approach, which uses
significantly less water for irrigation, enhances percolation, decreases farm
labour dependency, and improves soil health, increasing paddy and wheat yields
by 5-10%. The Cabinet also resolved to
provide farmers Rs 1,500 per acre in financial support via Direct Benefit
Transfer (DBT), for which the Punjab Mandi Board's Anaj Kharid portal has
already generated a database of roughly 11 lakh farmers with their Aadhaar
numbers, mobile numbers, and bank account numbers.
Kerala To Bring India's First State-Owned OTT Platform 'CSpace'
The Kerala government will launch a state-owned over-the-top (OTT) platform on
November 1, offering film lovers an array of movies, short films and
documentaries of their choice. Kerala will become the first state in India to
have a state-owned OTT platform. Kerala Minister for Cultural Affairs Saji
Cheriyan revealed the name of the OTT platform as CSPACE. CPSACE is an initiative of Kerala State Film
Development Corporation (KSFDC) on behalf of the state government. The OTT platform will also showcase films
with artistic value irrespective of their performance at the box office, along
with internationally recognised and award-winning films, best films screened at
the annual International Film Festival of Kerala (IFFK), and short films and
documentaries. The registration of films to be streamed on CSpace will begin on
June 1.
Punjab CM Bhagwant Mann launched ‘Lok Milni’ scheme for redressal of
public complaints
Chief Minister of Punjab, Bhagwant Mann heard the grievances of the people of
the state and issued redressal directions in ‘Lok Milni’, a first-of-its-kind
public interaction programme. This
interactive programme was launched with the aim of providing a single-window
platform to the people of the state for the redressal of the complaints that
they have. The people of the state who had submitted various grievances and
complaints with the state government in the previous two months were called to
attend this programme. As many as 61
complainants listed their grievances before the chief minister during this 'Lok
Milni'. He directed the top officers of the various departments present on the
occasion to ensure the resolution of these complaints in a time-bound manner.
World bank sanctioned USD 350 million for SRESTHA-G project to Gujarat
World Bank has approved USD 350 million as financial aid for the Systems Reform
Endeavors for Transformed Health Achievement in Gujarat (SRESTHA-G) project.
The SRESTHA-G project will be worth USD 500 million, with the World Bank
contributing USD 350 million. The project will include transforming key health
delivery systems in the state. Gujarat
Chief Minister Bhupendra Patel approved the SRESTHA-G project, after which the
proposal was forwarded to the Union Finance Ministry. The Gujarat government
will implement the programme through the Health and Family Welfare Department
(HFWD). The Program Development
Objective is to improve service delivery in Gujarat by improving primary health
care quality, equity, and comprehensiveness, improving service delivery models
for adolescent girls, and increasing disease surveillance system capacity.
INTERNATIONAL
Russia to halt gas supply to Finland on
Saturday
Russia has informed Finland it will halt the natural gas supply from
Saturday after the Finnish state-owned gas wholesaler refused to pay its
Russian supplier in roubles. Russia had demanded that "unfriendly foreign
buyers" must pay for gas using Russian currency because of sanctions
imposed over the war in Ukraine. Notably, the move comes after Finland applied
for NATO membership.
Appointments News
IndiGo appoints Pieter Elbers as CEO
The Board of Directors of InterGlobe Aviation Limited (Indigo) appointed Pieter
Elbers as Chief Executive Officer. He will join IndiGo on or before 1 Oct 2022.
He succeeds Ronojoy Dutta who has decided to retire on 30 September 2022. Elbers has served as the President and CEO of
KLM Royal Dutch since 2014 and is also a member of the Executive Committee of
the Air France-KLM Group. Elbers, 52, has served as the President & Chief
Executive Officer of KLM Royal Dutch Airlines. He is also a member of the
Executive Committee of the Air France – KLM Group. He started his career at KLM in 1992 at their
Schiphol hub and over time, held several managerial positions in both The
Netherlands and overseas in Japan, Greece and Italy. After he returned to The
Netherlands, he was appointed as the Senior Vice President of Network & Alliances,
before he was promoted in 2011 as the Chief Operating Officer. Elbers was born in Schiedam, The Netherlands.
He received a Bachelor’s degree in Logistics Management and a Master's Degree
in Business Economics.
BANKING, BUSINESS AND ECONOMY
BRICS-led New Development Bank to set up
regional office in India
The New Development Bank (NDB), established by the BRICS countries, has
announced that it plans to open its Indian Regional Office at Gujarat
International Finance Tec-City (GIFT City). The office aims to cater to
infrastructure and sustainable development needs of the country. "IRO will
be instrumental in enhancing...engagement with borrowers and
stakeholders," NDB President Marcos Troyjo said.
RBI: Public sector banks' frauds down 51% to Rs 40,295 crore in FY22
The Reserve Bank of India has said that public sector banks reported over a 51
per cent fall in the amount involved in frauds to Rs 40,295.25 crore during the
financial year 2021-22 (FY22). As many
as 12 PSBs (Public Sector Banks) had reported frauds worth Rs 81,921.54 crore
in the preceding fiscal 2020-21, the central bank said in response to an
application under the Right to Information (RTI) Act. According to the RBI data on frauds reported
by PSBs in all categories during FY22, the highest amount of Rs 9,528.95 crore
was reported by the city-based Punjab National Bank (PNB), involving 431 such
incidents. The country's largest lender
State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192
cases -- reflecting incidents of a large number of small value frauds. Bank of India reported frauds worth Rs
5,923.99 crore (209 incidents), followed by Bank of Baroda at Rs 3,989.36 crore
(280); Union Bank of India Rs 3,939 crore (627), while Canara Bank reported
frauds worth Rs 3,230.18 crore in just 90 cases -- showing that the
transactions were of high-value frauds.
PNB MetLife launched India’s 1st dental health insurance plan
PNB MetLife India Insurance Company has launched India’s first dental health
insurance plan. This is the first insurance plan in India that covers
fixed-benefit outpatient expenses and provides financial assistance with costs
related to overall dental health. This
launch reinforces PNB MetLife leadership in the industry with this
one-of-a-kind, standalone, the dental health insurance plan that covers major
dental procedures without the hassles of hospitalisation. PNB MetLife's new Dental Care Plan will help
customers manage their dental health and ensure they do not have to dive into
their savings or reduce their essential spending in order to make space for
dental treatment. To provide convenience to its customers, PNB MetLife has tied
up with more than 340 dental clinics.
Economy News
WPI inflation at a record high of 15.08% in April 2022
India’s wholesale inflation soared to a three-decade high in April as high
commodity prices and supply-chain disruptions pushed up input costs for
producers. The annual rate of inflation was 15.08% (Provisional) for the month
of April 2022 (Y-o-Y) as compared to 10.74% in April 2021. The rate of inflation based on the WPI Food
Index increased marginally from 8.71% in March 2022 to 8.88% in April 2022. The high rate of inflation in April 2022 was
primarily due to a rise in prices of mineral oils, basic metals, crude
petroleum & natural gas, food articles, non-food articles, food products
and chemicals & chemical products etc. as compared to the corresponding
month of the previous year. Fuel prices,
a big component of the increase, were up 38.66 % on the year versus 34.52
% in March. The Office of the Economic
Adviser, Department for Promotion of Industry and Internal Trade released the
index numbers of wholesale prices in India (Base Year: 2011-12) for the month
of April 2022 (Provisional) and for the month of February 2022 (Final).
Awards News
Wesley Morgan won William E. Colby award for his book ‘The Hardest Place’
Author and journalist, Wesley Morgan has won the William E. Colby Award 2022
for his military and intelligence writing. He was cited for his book “The
Hardest Place: The American Military Adrift in Afghanistan’s Pech Valley.” The Colby Award, a $5,000 prize named for the
former ambassador and CIA director William E. Colby, is given for “a major
contribution to the understanding of military history, intelligence operations
or international affairs.” The Colby Award is presented by Norwich University
in Northfield, Vermont. The Colby award was established in 1999.
Summits and Conferences News
Nirmala Sitharaman chairs the 7th Annual Meeting of Board of Governors of
NDB
Union Minister of Finance & Corporate Affairs and India’s Governor for the
New Development Bank (NDB), Smt. Nirmala Sitharaman chaired the 7th Annual
Meeting of Board of Governors of NDB through video conference in New Delhi. The meeting was also attended by
Governors/Alternate Governors of Brazil, China, Russia, South Africa and the
newly joined members Bangladesh and United Arab Emirates (UAE). This Annual Meeting of NDB which was
hosted/chaired by India this year was organised in virtual mode. This year’s
theme for the Annual Meeting was “NDB: Optimising Development Impact”, which is
particularly important and relevant in the current global economic scenario.
Sports News
Nikhat Zareen wins gold at Women's World Boxing Championships
Nikhat Zareen gave a dazzling performance to beat Thai Olympian Jutamas Jitpong
5-0 and become the fifth Indian woman to win a World title at the Women's World
Championships, Istanbul. Nikhat thus
becomes only the fifth Indian women's boxer after Mary Kom, Sarita Devi, Jenny
RL and Lekha KC to win a gold at the World Championships. The 25-year-old
Zareen is a former junior youth world champion.
The 25-year-old Indian took full advantage of her long reach and
maintained her dominance against the Thai boxer, whom she had beaten in the
2019 Thailand Open semi-final—the only meeting between the two, enroute her
silver medal finish.
Important Days
National Endangered Species Day 2022: 20th May
Every year on the third Friday of May, people across the globe observe National
Endangered Species Day. This year the day is celebrated on May 20. This year,
it marks the 16th National Endangered Species Day. National Endangered Species Day is celebrated
with the main emphasis on conserving our planet Earth’s flora and fauna. The
National Endangered Species Day theme 2022 is “Recovering key species for
ecosystem restoration”. Every year the
awareness campaign takes place around a theme. On 28 December to lift up the
importance of wildlife conservation and restoration efforts for all endangered
species The Endangered Species Act of 1973 was signed into law. National Endangered Species Day was founded
and started by David Robinson and the Endangered Species Coalition in 2006.
Since 2006 third Friday of May is observed as National Endangered Species Day.
World Bee Day 2022 celebrates globally on 20th of May
World Bee Day is observed worldwide on May 20. World Bee Day is to acknowledge
the role of bees and other pollinators in the ecosystem. Raising awareness of the importance of
pollinators in our environment, the threats they face and their important role
in sustainability in the ecosystem is the key purpose behind the observance of
this day. Also, it highlights how each individual can make a difference to
support, restore and enhance the role of pollinators. This year Food and Agriculture Organization
(FAO) will celebrate World Bee Day through a virtual event, under the theme ‘Bee
Engaged: Celebrating the diversity of bees and beekeeping systems’. World Bee Day was first inaugurated on 20th
May 2018 and is celebrated every year ever since. This day commemorates the
birth of Anton Jansa in 1734. She is considered the pioneer of beekeeping. In
December 2017, the United Nations Member States approved the proposal of
Slovenia to proclaim 20 May as World Bee Day.
Beekeeping is something that is deeply rooted in the Slovenian
tradition, and it is one of the leading European countries in terms of
beekeepers.
International Day against Homophobia, Transphobia and Biphobia
On May 17, the International Day Against Homophobia, Biphobia, and Transphobia
is commemorated, with the goal of coordinating international events to raise
awareness of LGBT rights violations and inspire interest in LGBT rights work
around the world. There had been
commemorations in over 130 countries till now. Despite progress, consensual
same-sex relationships are still illegal in nearly 70 nations. Only one out of every
three countries protects people from discrimination based on sexual
orientation, one out of every ten protects people based on gender identity, and
a minority protect people based on sex characteristics.
Miscellaneous News
Madam Tussaud Museum to start in Noida next month
The wax museum Madame Tussauds is returning to India. The museum will be
located in a Noida mall. 50 Indian and international luminaries from sports,
entertainment, history, and music will be featured at the new venue. Madame Tussauds India will let visitors to
getup up and personal with celebrities as well as some of their most iconic
moments. The museum first opened in Connaught Place, Delhi, in 2017, but was
forced to close owing to the pandemic. DLF Mall of India, one of the country's
major shopping malls, would be its new destination. The museum is open to the public under
rigorous anti-Covid guidelines. Madame Tussauds has a 200-year history and
legacy, having first opened its doors in London in 1835. Sculptors at Madame
Tussauds employ the same techniques as the legendary Marie Tussaud to produce
each figure. It takes a minimum of 12 weeks for an artist to construct a single
life-like figure.
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