FEDERAL BANK , ECGC , RBI - CURRENT AFFAIRS SNIPPETS 25TH MAY 2022
Current Affairs snippets
25th May 2022
NATIONAL News
Delhi civic body releases 1 month's salary,
pension of all employees
Municipal Corporation of Delhi has released one month's salary and
pension of all employees and pensioners, officials said on Tuesday. "The
corporation has made a fund of ₹432.84 crore available for this purpose,"
a senior MCD official said. The teachers of municipal schools had not been paid
salaries for the past six months, AAP had alleged.
Time's
100 most influential people 2022: Check the complete list
Supreme Court lawyer Karuna Nundy, business tycoon Gautam Adani and prominent
Kashmiri human rights activist Khurram Parvez have been named among the world’s
100 most influential people of 2022 by TIME magazine. The list has been divided into six
categories: Icons, Pioneers, Titans, Artists, Leaders and Innovators. While Adani has been named under the Titans
category along with the likes of Apple CEO Tim Cook and American host Oprah
Winfrey, Nundy and Parvez found their place under the Leaders category along
with Russian President Vladimir Putin and his Ukraine counterpart Volodymyr
Zelenskyy.
4th edition of state-level Shirui Lily Festival 2022 begins in Manipur
In Manipur, the 4th Edition of State-Level Shirui Lily Festival 2022 has begun.
This annual festival is organised by the Department of Tourism, Government of
Manipur with an aim to create and raise awareness of the Shirui Lily flower
which is also the State Flower of Manipur.
The four-day-long festival has inaugurated by the Governor of Manipur
La. Ganesan and the Chief Minister N. Biren Singh tomorrow at Shirui Village
Ground in Ukhrul district. The festival
is held around April and May as it is the blooming season of Shirui Lily. The
flower is found in the Ukhrul district of Manipur only and cannot be replanted
anywhere in the world. This year, some
of the international rock bands will perform in the festival. Every year,
tourists both domestic and international attend the function. Different events including traditional
dances, songs and music, trekking, beauty contests, indigenous games and sports
will be organised at different sites in the Ukhrul district.
INTERNATIONAL
10-yr-old student was shot dead by Texas
shooter as she tried to call 911
A 10-year-old schoolgirl, Amerie Jo Garza, was shot dead by 18-year-old
suspected shooter Salvador Ramos in Texas school as she tried to call 911. Her
grandmother said Amerie was calling the emergency services while sitting next
to her best friend who was left "covered in her blood". The fourth-grader
was one of the 21 victims of the mass shooting.
Russian Parliament removes upper age limit
for army recruits
Russian Parliament has approved a bill to remove the upper age limit for
contractual service in the military to strengthen the armed forces, a report
said. Reportedly, only Russians aged 18-40 and foreigners aged 18-30 can enlist
as professional soldiers in the Russian military at present. This comes as over
1,000 Russian service personnel had been killed since Ukraine's invasion.
Lift sanctions & we'll allow ships with
food to leave Ukraine: Russia
Russian Deputy Foreign Minister Andrey Rudenko said Russia is ready to
provide a humanitarian corridor for vessels carrying food to leave Ukraine if
some sanctions imposed on Moscow are lifted, Interfax reported. Ukraine's Black
Sea ports have been blocked since Russia began invading Ukraine. The European
Union has accused Russia of using food supplies as a weapon with global
repercussions.
Will talk directly to Putin, not via
intermediaries: Ukraine's Prez
Amid the ongoing Ukraine-Russia war, Ukraine's President Volodymyr
Zelenskyy on Wednesday said that he's only willing to talk directly to Russian
President Vladimir Putin and not via intermediaries. He further said that if
Putin "understands reality", there's the possibility of finding a
diplomatic way out of the conflict. Ukraine will fight until it recovers all of
its territories, he added.
Banking, Business and Economy
JSW One Platforms appoints Gaurav Sachdeva as CEO
JSW group has appointed Gaurav Sachdeva as the CEO of JSW One Platforms, an
e-commerce venture of the group. He has transitioned from his role at JSW
Ventures where he led venture capital investments for the fund. In his role as the CEO of JSW One Platforms,
Sachdeva will aim to create a nimble organization backed by the credibility and
scale of JSW Group that will ease buying and selling of steel and other
products for manufacturing and construction MSMEs in the country. JSW One Platforms has been established with
the vision to leverage our manufacturing and distribution strength in steel,
cement and paints businesses to build a technology-enabled one-stop solution
for the manufacturing and construction segments. JSW One Platforms also has
collaborations with other non-competing manufacturing and construction material
brands to market them on its tech platform.
Cabinet approves sale of govt's stake in
Hindustan Zinc: Report
The Union Cabinet has approved sale of the Centre's entire residual
stake in Hindustan Zinc Limited, Moneycontrol reported citing CNBC Awaaz. The
government owns a 29.5% stake in the mining company, while Vedanta Limited
holds a 64.92% stake. At current market price, the government's residual stake
in Hindustan Zinc is valued at around ₹38,740 crore.
Total Energies of France to purchase share in Adani's hydrogen
business
Under the newly formed company Adani New Industries Ltd, Total Energies, the
French oil and gas major, is expected to acquire a minority share of 10% or
more in Adani group's hydrogen business (ANIL).
The agreement is nearing completion, and an announcement is expected in
the coming months. In India, Total had earlier partnered with Adani in 2018
with investments in Adani Gas Limited, city gas distribution business,
associated LNG terminal business and gas marketing business. Total acquired 37.4 per cent stake in Adani
Gas Limited and 50 per cent stake in Dhamra LNG project. Then, Adani and Total
had also agreed for an alliance into the wider sustainable energy space. Total
and Adani agreed the acquisition of a 50 per cent stake in a 2.35 GWac
portfolio of operating solar assets owned by Adani Gas and a 20 per cent stake
in Adani Green Energy for a global investment of $2.5 billion.
Govt on course to privatise two public
sector banks: Report
The government is committed to the privatisation of two public sector
banks (PSBs) and will take the steps required in the coming months, PTI
reported. As per its sources, Central Bank of India and Indian Overseas Bank
are the likely candidates for privatisation. The government had announced its
intent to take up the privatisation of two PSBs in Budget 2021-22.
SBI launched Real-Time Xpress Credit on the YONO platform
State Bank of India (SBI) has announced the introduction of Real-Time Xpress
Credit on its Yono platform, allowing eligible customers to get personal loans
of up to Rs 35 lakh. The bank said its flagship personal loan product for
salaried customers "Xpress Credit" now has a digital avatar and
customers can now avail of it through Yono.
Real-Time Xpress Credit, central, state government and defence salaried
customers of SBI will no longer be required to visit the branch for availing of
a personal loan. It would be a 100% paperless and digital experience and an
end-to-end eight-step journey. The
Xpress Credit product will enable our customers to experience a digital,
hassle-free, and paperless loan process. SBI constantly endeavour to offer
technology-led enhanced digital banking experience to the customers in order to
simplify banking."
Co-branded credit cards from HDFC Bank and Retailio launched
HDFC Bank, India's largest private sector bank, announced the launch of a new
range of co-branded credit cards with Retailio, aimed largely at chemists and
pharmacies in the merchant market. Retailio
is the largest B2B pharma marketplace in the country. It is a useful app that
is having a significant digital impact on the Pharma supply chain management in
India. Chemists, retailers, distributors, pharmacists, and hospitals can use
the Retailio mobile application and web interface to place orders with their
respective distributors. With over 6
crore credit, debit, and prepaid cards covering every market sector, HDFC Bank
is the market leader in the payments ecosystem. Retailio has a network of over
1000 health care and pharmaceutical enterprises, 3000 pharmaceutical
distributors, 1 lakh pharmacies, hospitals, and nursing homes in over 1000
locations.
Awards News
Rolls-Royce India president Kishore Jayaraman Receives British
honour
Kishore Jayaraman, President, India and South Asia for Rolls-Royce, has
received an honorary Officer of the Order of the British Empire (OBE) by Her
Majesty The Queen, British Deputy High Commission. Jayaraman is a board member
of the U.K.-India Business Council, which supports U.K. businesses set up in
India. He has also been instrumental in
promoting bilateral ties by setting up a strategic ecosystem for boosting
manufacturing in India enabled by U.K.’s technology. Under his leadership, the
company set up the ‘Engineering Centre’ in Bengaluru in 2015, ‘Digital Centre
of Excellence with over 60 digital technologists in 2017, and its first
‘Start-up Accelerator Programme’ in India in 2019.
Music Academy announced Sangita Kalanidhi awards 2020-22
Renowned vocalist and guru, Neyveli R Santanagopalan, eminent mridangam artiste
and guru, ‘Tiruvarur’ Bhakthavathsalam, and Lalgudi violin duo, G J R Krishnan
and Vijayalakshmi were named for the prestigious Sangita Kalanidhi awards of
the Music Academy for 2020, 2021, and 2022.
The Academy has chosen nagaswaram exponent Kivalur N G Ganesan (2020),
vocalist, musicologist, and guru Dr Ritha Rajan (2021), and Vainika and
musicologist Dr R S Jayalakshmi (2022). Noted
vocalist and guru Thamarakkad Govindan Namboodri, versatile percussionist
Nemani Somayajulu, and noted Kanjra artiste A V Anand will receive the T T K
Award for 2020, 2021, and 2022 respectively.
The Musicologist award for 2020 will be presented to Dr V Premalatha for
the year 2020. Nritya Kalanidhi will be presented to Bharatanatyam exponents
Rama Vaidyanathan (2020) and Narthaki Nataraj (2021). Bragha Bessell, widely
respected Abhinaya expert and guru, will be awarded the prize for 2022. The Music Academy announced Sangita Kalanidhi
award winners for the years 2020, 2021 and 2022. The physical festival could
not be conducted in the last two years because of the COVID-19 pandemic. Chief
Minister M K Stalin will present the awards while inaugurating the 96th Annual
Conference and Concerts on December 15, 2022, N Murali, President, Music
Academy.
Sports News
Narinder Batra resigns as Indian Olympic
Association president
Narinder Batra has resigned from the post of Indian Olympic Association
(IOA) president. Batra said he took the decision to focus on his role as
President of International Hockey Federation (FIH) as "world hockey is
going through an essential development phase". "I wish my successor
and the whole sports family in India every success in the future!" he
added.
RCB knock LSG out of IPL 2022, to face RR
for place in final
Royal Challengers Bangalore (RCB) defeated Lucknow Super Giants (LSG) by
14 runs in IPL 2022 Eliminator. The match witnessed RCB batter Rajat Patidar
slam IPL 2022's fastest hundred off 49 deliveries. RCB will now face Rajasthan
Royals (RR) in the Qualifier 2 on Friday. The winner of the Qualifier 2 will
face Gujarat Titans (GT) in the final on Sunday.
Shikhar Dhawan becomes first player to hit 700 fours in IPL history
Punjab Kings opening batter Shikhar Dhawan has become the first player to hit
700 fours in the history of the Indian Premier League (IPL). Dhawan reached
this feat during the last league stage match of IPL 2022, between PBKS and
Sunrisers Hyderabad, here at the Wankhede Stadium. The batter has now a total of 701 IPL fours
to his name. He is followed by David Warner and Virat Kohli, with 577 and 576
fours, respectively. PBKS ended their IPL 2022 campaign with a total of 14
points while SRH finished with 12 points.
Summits and Conferences News
Smt. Meenakshi Lekhi, attended the 7th BRICS Culture Ministers' Meeting
Smt. Meenakshi Lekhi, Minister of State for Culture and External Affairs,
attended the 7th BRICS Culture Ministers' Meeting via video conference, which
was hosted by the People's Republic of China and attended by all BRICS Member
Nations. Under the subject Establishing
a Cultural Partnership Featuring Inclusiveness and Mutual Learning among BRICS,
a discussion was conducted to promote and expand cultural activities among the
BRICS countries. The debate focused on
boosting cultural digitization growth and collaboration, enhancing cooperation
on cultural heritage preservation, and pushing the development of BRICS
nations' cultural exchange platforms. The
Ministers approved the BRICS Action Plan 2022-2026, which aims to expand
cultural cooperation and execute the 2015 BRICS Cultural Cooperation Agreement.
Important Days
World Thyroid Awareness Day 2022 observed on 25th May
World Thyroid Day is observed on May 25 to promote awareness and understanding
of thyroid diseases, their symptoms, prevention, and treatments. The day came
into existence in 2008 on a proposal by the European Thyroid Association (ETA). There’s no separate theme for World Thyroid
Day this year. However, for Thyroid Awareness Week observed between May 22 and
28, Thyroid Federation international has announced the theme, “It’s not you.
It’s your thyroid.” The theme focused on making sure that people understand the
most common symptoms of thyroid disorders and take the necessary steps to cure
it. May 25 was officially adopted as
World Thyroid Day during the Annual General Meeting prior to the European
Thyroid Association (ETA) congress in September 2007. The date of May 25 also
marks the anniversary of ETA’s foundation in 1965. Hence, it was chosen to be
as a day dedicated to creating awareness about thyroid disorders.
International Week of Solidarity with the Peoples of Non-Self-Governing
Territories: 25-31 May
United Nations is observing “International Week of Solidarity with the Peoples
of Non-Self-Governing Territories” from May 25 to 31. On December 06, 1999, the
UN General Assembly called for the annual observance of the Week of Solidarity
with the Peoples of Non-Self-Governing Territories. In UN Charter, a Non-Self-Governing Territory
is defined as a Territory “whose people have not yet attained a full measure of
self-government.” The United Nations General Assembly(UNGA) adopted the
resolution A/RES/54/91 on 6th December 1999 and decided the annually observe
the International Week of Solidarity with the Peoples of Non-Self-Governing
Territories starting from May 25. The week was first observed in 2000.
Obituaries News
Veteran Communist leader Shivaji Patnaik passes away
Veteran Communist leader and three-time Member of Parliament, Shivaji Patnaik
passed away at the age of 93. Shivaji Patnaik is lauded as the founder of CPI
(Marxist) in Odisha. He was born on August 10, 1930, the veteran leader had
joined the State student’s movement at the age of 17 when he was studying in
Ravenshaw College. He had a crucial role
in the formation of CPI(M) when the Communist party faced division in 1964. He
remained the party secretary from 1971 to 1990. He was also elected to the Central
Committee of the party.
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