CURRENT AFFAIRS SNIPPETS FEBRUARY 26 AND 27 2022
CURRENT AFFAIRS SNIPPETS
26th February 2022
National News
MSME Technology Centre to be set up in Sindhudurg
Union Minister for Micro, Small & Medium Enterprises (MSME), Narayan Rane
has announced the establishment of MSME-Technology Centre with an outlay of Rs.
200 Crore, in Sindhudurg, Maharashtra. The
MSME-Technology Centre will provide the best of technology, incubation as well
as advisory support to the industry, especially MSMEs, to enhance their
competitiveness and provide skilling services for the employed and unemployed
youth of the area to enhance their employability. The Ministry is
presently focussing to create a benchmark for MSMEs across the country by
scaling them to new heights in terms of exports, quality of products,
contribution to GDP and providing World-class infrastructure to all MSMEs in
India.
Digital India CEO Abhishek Singh appoints National e-Governance Division
chief
1995-batch IAS officers and Digital India Corporation CEO, Abhishek Singh as
new National e-Governance Division chief. The 1995-batch IAS officer from
Nagaland cadre will hold the position in the rank and pay of Additional
Secretary. The officer will proceed to
carry the extra cost of the put up of Managing Director & Chief Government
Officer, Digital India Company. The 1995-batch IAS officer from Nagaland cadre
will maintain the place within the rank and pay of Extra Secretary.
Business, Banking and Economy
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 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. In addition, Airtel is also
protected with a capped price, which is lower than the price for the block of
Indus shares sold by Vodafone on February 24. This shall be value accretive to
Airtel and protect its existing significant shareholding in Indus Towers. With
the acquisition, Airtel’s shareholding in Indus Towers will increase to 46.4
per cent. Vodafone holds a 28.1 per cent stake in the company at present and
its shareholding will reduce to 21 per cent.
CURRENT AFFAIRS SNIPPETS
27TH FEBRUARY 2022
NATIONAL
Triple talaq cases down by 80% after law
passed: PM in Mann Ki Baat
short by Ramanpreet
Singh Virdi / 05:21 pm on 27 Feb 2022,Sunday
Prime Minister
Narendra Modi on Sunday said after the law against triple talaq was passed,
there has been an 80 per cent decrease in such incidents. "Social
evils...are...coming to an end," he said during his Mann Ki Baat address.
"The country is trying to give equal rights to sons and daughters by
fixing a common age for marriage," he added.
INTERNATIONAL
EU to fund purchase, delivery of weapons for
Ukraine for the 1st time in history
Speaking about the
Russia-Ukraine issue, President of the European Union commission Ursula von der
Leyen on Sunday announced that for the first time ever, the EU will finance the
purchase and delivery of weapons and equipment to a country under attack. She
added that the EU will close its airspace for all Russian planes, including the
private planes of oligarchs.
France, Canada join others to close airspace
to Russian planes
short by Shailesh / 10:36
pm on 27 Feb 2022,Sunday
France and Canada
on Sunday became the latest countries to close their airspace to all Russian
aircraft in response to the invasion of Ukraine. Germany, Austria, Italy,
Poland, Estonia, Latvia and Lithuania are among the nations that have banned
Russian planes from their respective airspace. "We'll hold Russia
accountable for its...attacks against Ukraine," the Canadian Transport
Minister said.
Black belt Putin suspended as Honorary
President of Int'l Judo Federation
short by Pragya
Swastik / 07:46 pm on 27 Feb 2022,Sunday
The International
Judo Federation on Sunday suspended Russian President Vladimir Putin's status
as Honorary President and Ambassador of the International Judo Federation,
citing the ongoing war in Ukraine. Russia's invasion by land, air and sea in
Ukraine on Thursday followed a declaration of war by Putin. A judo black belt,
the 69-year-old is a keen practitioner of the discipline.
BANKING, BUSINESS
AND ECONOMY
FPIs withdraw net ₹35,506 cr in Feb 2022, highest since March 2020
short by Ashley
Paul / 08:55 pm on 27 Feb 2022,Sunday
Foreign portfolio
investors (FPIs) withdrew net ₹35,506 crore in the month of February 2022, the
highest amount withdrawn by FPIs since March 2020 at ₹1,18,203 crore. FPIs have
been net sellers since October 2021. During February 1-25, FPIs pulled out
₹31,158 crore from equities and ₹4,467 crore from the debt segment, according
to depositories’ data.
Compensation for death in hit & run
cases raised from ₹25k to ₹2 lakh: Govt
short by Deepika
Bhatt / 08:43 pm on 27 Feb 2022,Sunday
The Centre has
increased the compensation for hit and run accident victims with effect from
April 1. The compensation has been increased from ₹12,500 to ₹50,000 for
grievous hurt and from ₹25,000 to ₹2,00,000 in case of death. The new scheme
will be applicable for all roads and highways across India, the Ministry of
Road Transport and Highways said.
India's oil imports to cross $100 bn in FY22,
almost twice of FY21
short by Ashley
Paul / 04:47 pm on 27 Feb 2022,Sunday
India's oil import
bill is set to cross the $100 billion mark in FY22, almost double of what it
spent in FY21 at $62.2 billion. India has already spent $94.3 billion on oil
imports between April 2021 and January 2022. India imported oil worth $11.6
billion in January 2022, a 50.6% YoY rise against $7.7 billion spent in January
2021.
SPORTS
Rohit Sharma breaks world record for playing
most men's T20Is
short by Anmol
Sharma / 08:54 pm on 27 Feb 2022,Sunday
Team India captain
Rohit Sharma has broken the world record for playing most men's T20I matches.
India's third T20I against Sri Lanka is Rohit's 125th match in T20I cricket.
Rohit overtook veteran Pakistani all-rounder Shoaib Malik, who has played 124
T20I matches. Notably, Rohit is the only Indian to have played 100 or more
T20Is for India so far.
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Standard Chartered tie up with IATA for payment platform for airline
industry
Global banking group Standard Chartered has partnered with the International
Air Transport Association (IATA) to launch a payment platform for the airline industry
in India. IATA Pay will be a new payment
option that enables participating airlines to offer instant payment options
such as UPI Scan and Pay and UPI Collect (Request to Pay). Standard Chartered
will be supporting the rollout of IATA Pay in other markets as well. IATA Pay in India is powered by Standard
Chartered’s Straight2Bank Pay, a payment platform that helps online merchants
digitalise collections via multiple payment options through single global
connectivity.
Brickworks Ratings lowers India’s GDP to 8.3% in FY22
Brickworks Ratings has revised downwards India’s GDP growth forecast to 8.3 per
cent in the current fiscal 2021-22 (FY22). Earlier in January 2022, the rating
agency had estimated this between 8.5-9 per cent. Brickwork Ratings is one of the seven
Sebi-registered credit rating agencies (CRA). The latest growth indicators
suggest a loss of economic momentum in recent months. The rapid spread of Covid
in January 2022 led to renewed restrictions on economic activities, dampening the
revival process, particularly in contact-intensive sectors.
Union Bank launches ‘Union MSMERuPay Credit Card’
The Union Bank of India has launched the ‘Union MSME RuPay Credit Card’ in
association with the National Payments Corporation of India (NPCI). It is a
first of its kind initiative in the industry, to provide simplified and digital
delivery of Finance to Micro, Small & Medium Enterprises (MSMEs), to meet
their business-related operational expenses.
The dedicated card for MSMEs will be available to eligible borrowers of
the Union Bank of India. The Union MSME RuPay Credit Card was launched by Union
Minister for Micro, Small & Medium Enterprises, Shri Narayan Rane on
February 25, 2022, at the two days MSME Conclave being held in Sindhudurg district
of Maharashtra.
International IP Index 2022: India ranks 43rd
India has improved its overall IP score from 38.4 per cent to 38.6 per cent,
and the country is ranked 43 out of 55 countries on the International
Intellectual Property Index 2022. This
index was released by the Global Innovation Policy Center of the U.S. Chamber
of Commerce. In July 2021, the Parliamentary Standing Committee on Commerce
released a Review of the Intellectual Property Rights Regime in India. This review is a welcome development and
offers a comprehensive and detailed study of the strengths and weaknesses of
India's national IP environment.
The top five countries in the ranking are:
Rank 1- United States
Rank
2- United Kingdom
Rank
3- Germany
Rank
4- Sweden
Rank
5- France
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 in the 55kg weight category at the Singapore Weightlifting
International 2022 on February 25, 2022.
Chanu lifted 191kg (86kg+105kg) to stand on top of the podium. With this
win, the 27-year-old Chanu has qualified for the 2022 Commonwealth Games (CWG)
in Birmingham in the 55kg weight category. She has also qualified for the CWG
in the 49kg weight category on the basis of her Commonwealth rankings.
Obituaries News
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. Biswal, a Bhuyan tribal
from Jharsuguda district, served as the chief minister twice from 1989 to 1990
and 1999 to 2000. In December 1999, he
was again made chief minister after erstwhile chief minister Giridhari Gamang
was replaced over his failure in relief and rehabilitation measures in the
aftermath of the 1999 super cyclone that ripped through the Odisha coast.
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