BANK OF MAHARASHTRA - CURRENT AFFAIRS SNIPPETS 13TH MAY 2022
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CURRENT AFFAIRS SNIPPETS
13th May 2022
NATIONAL NEWS
Rajiv
Kumar appointed as next Chief Election Commissioner
Election Commissioner Rajiv Kumar was appointed as the next chief election
commissioner. He will assume charge on May 15 after incumbent Sushil Chandra
demits office on May 14, a notification issued by the Law Ministry said. In pursuance of clause (2) of Article 324 of
the Constitution, the President appointed Shri Rajiv Kumar as the Chief
Election Commissioner with effect from the 15th of May 2022. Kumar took charge as the Election
Commissioner of the Election Commission of India (ECI) on September 1, 2020.
Prior to assuming charge in the Election Commission, Kumar had been the chairman
of the Public Enterprises Selection Board. He joined as the PESB chairman in
April 2020.
Deepika Padukone named as 1st Indian brand ambassador of Louis
Vuitton
Actress Deepika Padukone has become the first-ever Indian brand ambassador of
luxury brand Louis Vuitton. The news was announced by the French brand. The
brand unveiled the role of a 36-year-old Bollywood actress during their new
handbag campaign. It saw Padukone joining in actors Emma Stone and Zhou Dongyu
for promotional shots. Recently, she has
been named as a part of an eight-member jury presided by French actor Vincent
Lindon at 75th Cannes Film Festival. She has also received the first Time 100
Impact Awards for creating awareness about mental health. Padukone is often pictured sporting Louis
Vuitton outfits and bags, and she had also modelled for them previously. She
became the first Indian actor to feature in the brand's campaign in 2020 when
she posed for a mock book cover with stars like Lea Seydoux and Sophie Turner.
Cigarette
butt collection drive launched in Bengaluru
A cigarette and beedi butt collection campaign has been launched in
Bengaluru to highlight the rampant smoking in public places. The campaign will
culminate on May 31, when all the collected cigarettes' and beedis' butts will
be displayed. Under the campaign, an MoU will also be submitted to get the
Cigarettes and Other Tobacco Products Act (COTPA) amendment bill passed.
Outbreak
of Tomato Flu in Southern Parts of India
In a few parts of Kerala, a new virus known as tomato flu has been detected
after the covid-19 pandemic. Almost 80 children in Kollam city of Kerala have
been diagnosed with tomato flu and it is spreading rapidly. All the cases that are confirmed have been
diagnosed in children below 5 years. They have been admitted to the local
government hospitals. The number of children admitted to the private hospitals
is not yet been included in the tally it may be higher than 80 cases. It is
recognized as tomato flu because it causes tomato-shaped blisters on the
body. The children diagnosed with tomato
flu are experiencing fever, rashes, and skin irritation. Some children are also
suffering from dehydration. The increasing effect of tomato flu in Kollam the
neighboring districts like Mangaluru, Udupi, Kodagu, Chamrajnagara, and Mysuru
are on high alert and are directed to keep an eye on the daily travelers. The
flu has reached Aryankavu, Anchal, and Nedivathur in Kerala.
Haryana launched ‘Chaara-Bijaee Yojana’ for fodder cultivating farmers
Haryana Agriculture Minister, Jai Parkash Dalal launched the ‘Chaara – Bijaee
Yojana’, a scheme launched to provide financial assistance of Rs 10,000 per
acre (Upto 10 acres) to farmers cultivating and supplying fodder to Gaushalas
(Cowsheds). The rationale behind the
scheme is to address the State’s fodder shortage and rising stray cattle. The
Subsidy will be directly credited to the farmer's account under Direct Benefit
Transfer (DBT). The number of cow
shelters in the state increased from 175 in 2017 to 600 in 2022. Most cow
shelters remain overcrowded due to an increase in the stray cattle
population. Also, the Phosphate-Rich
Organic Manure (PROM) prepared from cow dung can be used as an alternative for
synthetic fertilisers. The Prom is also prepared from various gaushalas of
Pinjore, Hisar and Bhiwani districts of Haryana. The state government has been taking a number
of steps in the interest of farmers, and the ‘Chaara-Bijaee Yojana’ is another
step in that direction. In April, Rs 13.44 crore was distributed among 569
gaushalas in the state for purchasing fodder.”
International News
My $2.8 mn is
literally worth $1,000: YouTuber KSI after losing millions in LUNA crash
YouTuber KSI claimed he lost about $2.8 million after the cryptocurrency
LUNA crashed. He revealed he had put $2.8 million in LUNA, but it plummeted to
a new valuation of less than $1,000 in a day. Speaking about how previous
losses made him depressed and seek therapy, KSI wrote about the recent loss,
"But that's ok because I'm not dead."
Indian
Embassy to resume operation in Kyiv amid Russia-Ukraine war
The Ministry of External Affairs on Friday announced that the Indian
Embassy in Ukraine, which was temporarily operating out of Poland, would be
resuming its operation in Ukrainian capital of Kyiv from May 17. The operation
was shifted amid shelling in the city after Russia announced invasion of
Ukraine in February
South Korea
plans to provide COVID-19 vaccine to North Korea
South Korean President Yoon Suk-yeol's office on Friday announced that
South Korea plans to provide COVID-19 vaccines and other medical supplies to
North Korea. "We will discuss detailed plans for assistance with North
Korea," the President's office said. The announcement comes a day after
North Korea confirmed its first coronavirus outbreak.
India
declares 1-day state mourning tomorrow after UAE President's demise
The Ministry of Home Affairs on Friday announced that one-day state
mourning will be observed in India on Saturday as a mark of respect on the
passing away of UAE President and Abu Dhabi ruler Sheikh Khalifa bin Zayed Al
Nahyan. The National Flag will be flown at half-mast on all the buildings where
the Tricolour is flown regularly tomorrow.
Children fall
as water slide breaks at amusement park in Indonesia, video surfaces
A video has shown children falling around 10 feet to the ground after a
water slide broke in half during their ride at an amusement park in Indonesia.
The incident took place recently in Kenjeran park in East Java. The video shows
water rushing out as the slide structure collapses. Around 16 children were
injured in the incident.
Tesla puts on
hold plans to sell electric cars in India over import duties: Report
Tesla has reportedly put on hold plans to sell electric cars in India
after the company failed to secure lower import taxes. Billionaire Elon
Musk-led Tesla has abandoned a search for showroom space in the country and
reassigned some of its domestic team, Reuters reported citing sources. In 2021,
Musk had said that India has the world's highest import duties.
Still
committed to acquisition: Musk after putting $44 billion Twitter deal on hold
Elon Musk tweeted he's "still committed to acquisition" after
he put on hold the $44 billion deal to take Twitter private. Musk has
temporarily put the deal on hold while he awaits data supporting Twitter's
claim that spam accounts comprise less than 5% of users. Twitter shares fell to
their lowest level since Musk disclosed his stake after the announcement.
Intersolar Europe 2022 to be attended by Bhagwant Khuba
Shri Bhagwant Khuba, Union Minister of State for New and Renewable Energy, has
arrived in Munich, Germany for Intersolar Europe 2022. In Munich, the Indian
Union Minister will deliver a keynote talk at the investment promotion event
India's Solar Energy Market. The Indo-German Energy Forum (IGEF) is organising
the event. Intersolar is the world's largest
solar industry and partner show series. It brings together individuals and
businesses from all over the world with the goal of boosting the use of solar
energy in our energy supply. Intersolar
has the unique ability to bring together participants of the solar business
from all over the world, thanks to its more than 30 years of expertise.
Japan to
offer $100 mn to Indo-Pacific nations to fight COVID-19
Japanese Foreign Minister Yoshimasa Hayashi on Friday announced that
Japan plans to offer $100 million in aid to developing countries in the
Indo-Pacific region in their fight against the coronavirus pandemic. The funds
will help in vaccination data management, border control and disposal of
infectious waste, he said. Hayashi made the comments on sidelines of a G7
Foreign Ministers meeting.
BANKING, BUSINESS AND ECONOMY NEWS
India to send
delegations to 9 countries to discuss wheat exports
The Centre on Thursday said that it'll send trade delegations to
Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria
and Lebanon to explore possibilities of boosting wheat exports from India.
India has set a target of a record 10 million tonnes of wheat export in
2022-23, it added. This comes amid a rising demand for wheat due to
Russia-Ukraine war.
Govt raises
₹20,560 crore as India's biggest-ever IPO of LIC priced at ₹949
The government has raised ₹20,560 crore as India's biggest-ever IPO of
Life Insurance Corporation (LIC) has been priced at the top of the range at
₹949. The IPO, through which the government is selling its 3.5% LIC stake, was
oversubscribed 2.95 times on its final day of bidding. LIC is likely to list on
the stock exchanges on May 17.
ICICI Bank and Santander UK Partner for business ease between India and
UK
ICICI Bank, one of India's largest private sector banks, established a
partnership with Santander Bank in the United Kingdom, aimed at making banking
easier for businesses operating in both countries. The ICICI and Santander UK
Plc signed a MoU in Mumbai to build a framework of partnership between the banks
to satisfy the financial service needs of corporate clients operating along the
India-UK corridor. ICICI Bank said it
will offer UK corporates operating in India banking solutions in trade,
cross-border payments, supply chain, treasury solutions, and retail banking,
while Santander UK will support Indian corporates and new age firms with their
banking needs in the UK.
This MoU enables corporates in the UK-India corridor to receive smooth banking
services. They are convinced that ICICI Bank would support Santander UK and
assist its customers build their businesses in India, and make India one of
their main markets, thanks to their extensive network, industry-first digital
services, and comprehensive suite of corporate ecosystem banking.
Saudi Aramco overtook Apple Inc. as the world’s most valuable company
Oil giant Saudi Aramco has dethroned Apple Inc. to become the world’s most
valuable company, underscoring the recent surge in oil prices that have boosted
the energy giant this year. Aramco
traded near its highest level on record, with a market capitalization of about
$2.43 trillion, surpassing that of Apple for the first time since 2020. The
iPhone maker fell 5.2% to close at $146.50 per share, giving it a valuation of
$2.37 trillion. Even if the move proves
short-lived and Apple retakes the top spot again, the role reversal underscores
the power of major forces coursing through the global economy. Soaring oil prices, while great for profits
at Aramco, are exacerbating rising inflation that is forcing the Federal
Reserve to raise interest rates at the fastest pace in decades. The higher
rates go, the more investors discount the value of future revenue flows from
tech companies and push down their stock prices.
InspiHE₹: Financial literacy campaign launched by Bharti AXA Life
Insurance
Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of
India's largest business groups, and AXA, one of the world's largest insurance
companies, announced the launch of its financial literacy campaign, 'InspiHE₹-
enabling an empowered future, a special effort to propagate financial awareness
among women as well as allow people to make good investment decisions for a
stable future. The 'InspiHE₹' campaign
will begin with on-the-ground teaching sessions for a group of Mumbai moms and
will be disseminated through social media channels to generate interest. The
corporation hopes to involve women, particularly moms, and their families with
this campaign.
Retail Inflation Surges To 7.79% In April, Highest In 8 Years
India's retail inflation surged to 7.79 per cent in April, largely driven by
rising fuel and food prices, government data showed. The consumer price-based
inflation figure stayed well above the Reserve Bank of India's (RBI's) upper
tolerance limit for the fourth consecutive month. In April, the CPI inflation expanded at its
highest pace in eight years. The previous high was recorded at 8.33 per cent in
May 2014. April's print was higher than 6.95 per cent in March and 4.23 per
cent a year ago. The rate of price rise
in 'fuel and light' category in the retail inflation basket quickened to 10.80
per cent in April this year from 7.52 per cent in the preceding month. In the 'oils and fats' category, inflation
remained at an elevated level of 17.28 per cent in April as Ukraine is one of
the major sunflower oil producers in the world and India imports a major
portion of the commodity from the war-ravaged country. Besides this, Ukraine is
also a key supplier of fertiliser to India.
Summits and Conferences News
In Bharuch, Prime Minister Narendra Modi addresses 'Utkarsh Samaroh'
Prime Minister Narendra Modi used video conferencing to address the Utkarsh
Samaroh in Bharuch, Gujarat. The event commemorates the district's 100 percent saturation
of four main state government initiatives that will help give prompt financial
support to individuals in need. Shri Bhupendrabhai Patel, Gujarat's Chief
Minister, was among those in attendance.
Women from the region gave the Prime Minister with a massive Rakhi,
wishing him health and a long life and thanking him for what he has done for
women's dignity and ease of life in the country. The Prime Minister met with recipients of
several government programmes. The Prime
Minister told the crowd that today's Utkarsh Samaroh is proof of the productive
results that can be accomplished when the government honestly reaches out to
the beneficiaries with a resolve. He
praised the Bharuch district administration and the Gujarat government for
fully implementing four social security initiatives. The Prime Minister
remarked on the beneficiaries' happiness and confidence. He claimed that a lack of awareness prevents
many tribal, SC, and minority citizens from benefiting from the initiatives. He
further mentioned that the Sabka Saath Sabka Vishwas mentality and good
intentions always yield positive results.
Awards News
Indian Architect B V Doshi honoured with Royal Gold Medal 2022
Indian Architect Balkrishna Vithaldas Doshi was bestowed with the prestigious Royal
Gold Medal 2022. Royal Gold Medal, one
of the world’s highest honours for architecture, by the Royal Institute of
British Architects (RIBA), London, United Kingdom (UK). The Royal Gold Medal is approved personally
by Queen Elizabeth II of the UK and the award is given to a person or group of
people who have had a significant influence either directly or indirectly on
the advancement of architecture.
Dr. Frank Wilczek Receives 2022 Templeton Prize
Frank Wilczek, the Nobel Prize-winning theoretical physicist and author
renowned for his boundary-pushing investigations into the fundamental laws of
nature, was honoured with this year’s prestigious Templeton Prize awarded to
individuals whose life’s work embodies a fusion of science and spirituality. American Theoretical physicist and author, Dr
Frank Wilczek, who won the Nobel Prize (in Physics) in 2004, has been awarded
the Templeton Prize 2022, the world’s largest individual lifetime achievement
award, valued at over USD 1.3 million. He
became the 6th Nobel laureate to receive the Templeton Prize since its
inception in 1972. As a 2022 Templeton Prize laureate he will participate in
several virtual and in person events, including a 2022 Templeton Prize event.
Sports News
PBKS register
their 2nd win against RCB in IPL 2022, jump to 6th spot
PBKS registered their second victory against RCB in IPL 2022 after
defeating them by 54 runs at the Brabourne Stadium in Mumbai. With the win,
PBKS jumped to the sixth spot with 12 points from 12 matches. Liam Livingstone
top-scored for PBKS with 70(42), while their fast bowler Kagiso Rabada took
three wickets.
India won 14 medals in Archery Asia Cup 2022 Stage 2
Indian archers wrapped up a highly successful Asia Cup 2022 Stage-2 campaign in
Sulaymaniyah, Iraq with a total of 14 medals – eight golds, four silvers and
two bronze. The Indian team of women archers Parneet Kaur, Aditi Swami, and
Sakshi Chaudhary has won India’s first gold medal of the continental meet after
defeating Kazakhstan in Iraq. The men’s
team of Prathamesh Fuge, Rishabh Yadav, and Jawkar Samadhan has won the second
gold for India. The compound mixed duo of Prathmesh Fuge & Parneet Kaur won
the third Gold Medal at Asia Archery Cup.
Obituaries News
Leonid Kravchuk, the first president of Independent Ukraine Passes Away
Leonid Kravchuk, a former communist who helped sign the Soviet Union’s death
warrant and then served as the first president of independent Ukraine, passed
away at the age of 88. Kravchuk was
known as the “wily fox” as he rose through the ranks of Ukraine’s Communist
Party and take over as head of the parliament in 1990. He signed the Belovezha
accords with Russian President Boris Yeltsin and Belarusian leader Stanislav
Shushkevich in December 1991 which effectively triggered the Soviet Union’s
collapse.
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