Current Affairs 18th and 19th May 2022 Daily GK Update
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Punjab Chief Minister 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 that was launched on 16th May 2022.
- 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.
- Capital: Chandigarh
- Governor:Banwarilal Purohit
- Chief Minister: Bhagwant Mann
Kerala will launch India’s 1st state-owned OTT Platform named ‘CSpace’
- Kerala government will launch a state-owned over-the-top (OTT) platform named ‘CSpace’ on state’s formation day on November 1.
- It will offer film lovers an array of movies, short films and documentaries of their choice. The films will be streamed on CSpace only after their theatrical release.
- This is an initiative of Kerala State Film Development Corporation (KSFDC).
- Capital: Thiruvananthapuram
- Governor: Arif Mohammad Khan
- Chief minister: Pinarayi Vijayan
Tamil Nadu named Nanjarayan Tank as 17th bird sanctuary
- The Tamil Nadu government notified the Nanjarayan lake, a bio-diversity hotspot, as the 17th bird sanctuary. The government also set up an information centre to raise awareness about the bird population in the lake.
- The Nanjarayan Tankalso known as Sarkar Periyapalayam Reservoir, is located in Tirupur city near Koolipalayam, Tami Nadu.
- A Detailed Project Report (DPR) will be prepared for setting up another wildlife sanctuary for the endangered Slender Loris in Dindigul and Karur.
Tamil Nadu National Parks:
- Mukurthi National Park
- Mudumalai National Park
- Indira Gandhi (Anamalai) National Park
- Guindy National Park
- Gulf of Mannar Marine National Park
India overtook Germany to become 4th largest vehicle market
- India has overtaken Germany to become the fourth largest automotive market.
- According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), India has sold 3,759,398 vehicles in 2021 as compared to 2,973,319 vehicles in Germany. This shows a difference of almost 26%.
- The most number of vehicles were sold in China (sales remained almost stagnant), followed by the US (reported growth of 4%) and Japan (market shrunk compared to both 2020 and 2019.
- Capital: Berlin
- Currency: Euro
- President: Frank-Walter Steinmeier
Elisabeth Borne appointed as prime minister of France
- President of France, Emmanuel Macron has appointed Elisabeth Borne as the new Prime Minister of France.
- She became the second woman to hold this position after Edith Cresson (1991-1992) under President Francois Mitterrand.
- She joined Macron’s centrist party in 2017. She is a former Transport, Ecology, and Labour minister.
- She has succeeded Jean Castex, who had led the French cabinet since July 2020 and resigned recently.
- Capital: Paris
- Currency: Euro
- President: Emmanuel Macron
World bank sanctioned USD 350 million for SRESTHA-G project of 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.
List of Loan approved by World Bank in 2021-22
- $115 million (INR 869 crore): to GoI, Karnataka and Odisha for implementation of REWARD Project
- $125 million: for social protection services in West Bengal
- USD 150 million: Partial Guarantee Facility Agreement (PGFA) with Axis Bank for a partial guarantee programme
- USD 600 million: to Sri Lanka to make payments for essential imports
- USD 47 million: for the Mission Karmayogi, a national program to build civil service capacity
Banking and Financial
WPI-based inflation in India rose to 3-decade high at 15.08% in April
- India’s wholesale inflation soared to a three decade high in April as high commodity prices and supply-chain disruptions pushed up input cost for producers.
- Wholesale prices rose 08% in April from a year earlier, according to the data released by the Commerce Ministry.
- The WPI inflation stood at 55 % in March 2022 and 10.74% in April 2021. Fuel prices, a big component of the increase, were up 38.66 % on the year versus 34.52 % in March.
Frauds in PSBs declined by 51% to Rs 40,295 crores FY22
- According to the Reserve Bank of India (RBI), the public sector banks have reported over a 51% dip in the amount involved in frauds to Rs 40,295.25crore during the financial year ended March 2022.
- The 12 PSBs had reported frauds worth Rs 81,921.54 crore in the preceding fiscal 2020-21. But, the number of fraud cases has fallen slightly as atotal of 7,940 frauds were reported by the PSBs in 2021-22, against 9,933 incidents reported in FY21.
- 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.
About Reserve Bank of India (RBI):
- Founded: April 1, 1935
- Headquarters: Mumbai, Maharashtra
- Governor: Shaktikanta Das
- Deputy Governors: Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao, T Rabi Sankar
Ruchi Soya acquired Patanjali Ayurveds Food Business for Rs 690 crores
- Ruchi Soya, an edible oil company, has announced that it will buy Patanjali Ayurved’s food division for Rs 690 crore.
- After regulatory permissions, the name of Ruchi Soya Industries Ltd would be changed to Patanjali Foods Ltd.Ghee, honey, spices, juices, and wheat are among the 21 products in the acquired food industry.
- According to a company source, Ruchi Soyawill pay Patanjali Ayurved an annual royalty estimated at 1% of the gross turnover of the items under the transfer agreement. It’s a debt-free transaction, with Ruchi Soya paying for it with internal accruals.
About Ruchi Soya:
- Founded: 1986
- Headquarters: Madhya Pradesh
- CEO: Sanjeev Asthana
- Founder: Dinesh Shahra
Emirates Telecom bought 9.8% stake in Vodafone for $4.4 billion
- Emirates Telecommunications Group Company PJSC “e&” (Etisalat Group)has acquired approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4 billion.
- The shares represent 8% of Vodafone’s issued share capital. The transaction is in process with e&’s ambition to be a global player in telecom and technology.
About Vodafone Group Plc:
- Founded: 17 July 1984
- Headquarters: Berkshire, United Kingdom
- Chairman: Jean-Françols van Boxmeer
- CEO: Nick Read
PNB MetLife launched India’s 1st dental health insurance plan
- PNB MetLife India Insurance Company has launched India’s first dental health insurance plan.
- A dental health insurance plan is the first insurance plan in India that covers fixed-benefit outpatient expenses and provides financial assistance with costs related to overall dental health.
- It’s a one-of-a-kind standalone dental health insurance plan that covers significant dental procedures without requiring hospitalisation. PNB MetLife has tied up with more than 340 dental clinics, including Clove Dental and Sabka Dentist, two of India’s largest dental clinic chains, to help customers to manage their dental health.
About PNB MetLife India Insurance Company Limited (PNB MetLife):
- Established: 2001
- Headquarters: Mumbai, Maharashtra
- Chairman: Kishore Ponnavolu;
- MD & CEO: Ashish Kumar Srivastava
SEBI notified rules in order to strengthen regulatory framework for CIS
- Securities and Exchange Board of India (SEBI) has enhanced the net worth criteria and track record requirements with an aim to strengthen the regulatory framework for collective investment schemes.
- SEBI has amended Collective Investment Scheme (CIS) regulations, 1999 which have not been reviewed since their first notification in 1999.
- The SEBI has mandated a minimum of 20 investors and a subscription amount of at least Rs 20 crore for each Collective Investment Scheme (CIS). Currently, CIS rules do not mandate minimum number of investors, maximum holding of a single investor or minimum subscription amount.
- No single investor will hold more than 25% of the assets under management of such schemes. SEBI has put a cap on cross-shareholding in Collective Investment Management Company (CIMC) to 10% to avoid conflict of interest.
About The Securities and Exchange Board of India (SEBI):
- Founded: 12th April 1992
- Headquarters: Mumbai, Maharashtra
- Chairman: Madhabi Puri Buch
Appointment and Resignation
Rajiv Ranjan and Sitikantha Pattanaik appointed as the executive directors of the RBI
- Rajiv Ranjan and Sitikantha Pattanaik have been appointed as the executive directors of Reserve Bank of India (RBI).
- Rajiv Ranjan was Adviser-in-Charge of the Monetary Policy Department and Secretary to the Monetary Policy Committee before being appointed to executive director. Pattanaik was an adviser at the Department of Economic and Policy Research before being appointed to ED.
- Rajiv Ranjan will oversee the Monetary Policy Department as Executive Director, while Pattanaik will oversee the Department of Economic and Policy Research (DEPR).
SS Mundra appointed as Chairman of BSE Ltd
- Leading stock exchange BSE Ltd (formerly Bombay Stock Exchange) has approved the appointment of former Reserve Bank of India (RBI) governor and current Public Interest Director, BSE Subhash Sheoratan Mundra as the Chairman of the board of directors of the company.
- He replaced Justice Vikramajit Sen who is the current chairman. Mundra was appointed as Public Interest Director at BSE in January 2018.
- He retired as Deputy Governor of the RBI on July 30, 2017, and also served as Chairman and Managing Director of the Bank of Baroda.
About BSE Limited:
- Founded: 1875
- Headquarters: Mumbai, Maharashtra
- MD & CEO: Ashishkumar Chauhan
Dr. Kamal Bawa elected to U.S. National Academy of Sciences
- A conservation biologist and President of the Bengaluru-based Ashoka Trust for Research and Ecology and Environment (ATREE), Kamal Bawa was elected to the U.S. National Academy of Sciences.
- Election to the 170-year-old U.S. National Academy of Sciences is a recognition of the significant contributions to science by its members.
- Kamal Bawa is also an elected fellow of the Royal Society (London) and the American Philosophical Society.
B Govindarajan appointed as new CEO of Royal Enfield
- Eicher Motors Ltd, the parent company of Royal Enfield, has appointed B Govindarajan as the Chief Executive Officer of Royal Enfield.
- He will also serve as the Wholetime Director of the Board of Eicher Motors Limited.
- Since 2021 August, Govindarajan had been serving the company as the executive director, prior to which he was associated as the chief operating officer since 2013.
- Royal Enfield is an Indian multinational motorcycle manufacturing company headquartered in Chennai, Tamil Nadu, India.
About Royal Enfield:
- Founded: 1955
- Headquarters: Chennai
- Parent organization: Eicher Motors
Cameroonian activist Cécile Ndjebet won 2022 Wangari Maathai Forest Champions’ Award
- Cameroon Activist, Cécile Ndjebet has won the 2022 Wangari Maathai Forest Champions Award in recognition of her outstanding contribution to preserving forests and improving the lives of people who depend on them.
- This award celebrates Cécile Ndjebet’s energy and dedication over three decades to promoting women’s rights to land and forests.
- Ndjebet has tirelessly promoted the concept that women should be involved in forest management and have equal rights to forest land and resources – and that when they do, forests are better preserved and entire communities benefit.
- The award was presented by the Collaborative Partnership on Forests (CPF), which is chaired by the Food and Agriculture Organization of the United Nations (FAO), the award was conferred at a ceremony during the XV World Forestry Congress in Seoul, the Republic of Korea.
- This award was established in 2012 in memory of Kenyan environmentalist and Nobel Peace Prize winner Wangari Maathai.
- Capital: Yaoundé
- Currency: Central African CFA franc
- President: Paul Biya
Ajay Piramal awarded Commander of the Order of the British Empire
- Chairman of Piramal Group, Ajay Piramal has received the prestigious Commander of the Order of the British Empire (CBE) award from Queen Elizabeth II.
- He has been honoured with this award for his services to the UK-India trade relationship as India Co-Chair of the UK-India CEO Forum.
- President Rolls-Royce India, Kishore Jayaraman, also receives the Honorary Order of the British Empire for his services to International Trade and Investment.
- The Commander of the Order of the British Empire (CBE) is awarded for having a prominent role at national level.
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.
Defence Minister inducted 2 indigenously built Frontline Warships INS Surat & INS Udaygiri into Indian Navy
- Defence Minister Rajnath Singh launched the two frontline warships of the Indian Navy at Mazgaon Docks Limited, Mumbai which will mark a significant milestone in their construction.
- The first ship is Surat, which is the fourth and last of the stealth destroyers under the ‘Project 15B’ programme. The second ship is Udaygiri, part of the ‘Project 17A’ frigate programme. It is the third ship of Project 17A frigates.
- The Directorate of Naval Design (DND) of the Indian Navy designed and built both warships indigenously at MDL in Mumbai, Maharashtra.
2021 Summer Deaflympics: India won 8 golds, 1 silver and 7 bronze; Ukraine topped
- The 24th edition of 2021 Summer Deaflympics, officially known as XXIV Summer Deaflympic Games, and commonly known as Caxias 2021, was an international multi-sport event held at Festa da Uva, Caxias do Sul, Brazil, from 1 May to 15 May 2022.
- The International Committee of Sports for the Deaf (ICSD) is the main governing body responsible for the organisation of Deaflympics and other World Deaf Championships.
- The event was opened by Michelle Bolsonaro, the First Lady of Brazil. The Motto of 2021 Deaflympics is “Sports comes from the our hearts”. The mascot of the Deaflympics is the Ring-tailed Coati – Nino, meaning priceless, worthy of appreciation, cheerful, happy, very lucky, auspicious.
- India has won 16 medals (including eight golds, one silver and seven bronze)at the Deaflympics 2021.
- India has finished in the ninth position in the medal tally. India won three gold in shooting, three in Badminton, and each in Golf and Tennis.
|1||Ukraine||138 (Gold- 62, Silver- 38, Bronze- 38)|
|2||USA||55 (Gold- 20, Silver- 11, Bronze- 24)|
|3||Iran||40 (Gold- 14, Silver- 12, Bronze-14)|
|9||India||17 (Gold- 8, Silver- 1, Bronze- 8)|
Indian athletes who won medals:
|Dhanush Srikanth||Men’s 10m air rifle||Gold|
|Abhinav Deshwal||Men’s 10m air pistol||Gold|
|Dhanush Srikanth & Priyesha Deshmukh||Mixed team 10m air rifle||Gold|
|Badminton Team||Mixed team badminton||Gold|
|Jerlin Jayaratchagan||Women’s singles
|Diksha Dagar||Women’s golf||Gold|
|Jerlin Jayaratchagan & Abhinav Sharma||Mixed doubles badminton||Gold|
|Sumit Dahiya||Men’s freestyle 97kg||Gold|
|Prithvi Sekhar & Dhananjay Dubey||Men’s doubles tennis||Silver|
|Shourya Saini||Men’s 10m air rifle||Bronze|
|Vedika Sharma Women’s||10m air pistol||Bronze|
|Abhinav Sharma||Men’s singles badminton||Bronze|
|Prithvi Sekhar||Men’s singles tennis||Bronze|
|Prithvi Sekhar & Jafreen Shaik||Mixed doubles tennis||Bronze|
|Virender Singh||Men’s freestyle 74kg||Bronze|
|Amit Krishan||Men’s freestyle 86kg||Bronze|
17 May: World Hypertension Day
- World Hypertension Day is observed every year on the 17th May, to raise awareness and encourage hypertension prevention, detection, and treatment.
- The major risk factor for cardiovascular disease is high blood pressure and hypertension is known as the“Silent Killer”.
- On May 14, 2005, the WHL debuted their inaugural WHD. Since 2006, the WHL has designated May 17 as World Hypertension Day.
- The force produced by flowing blood on the walls of the body’s arteries, or main blood vessels, is known as blood pressure. When blood pressure is excessively high, it is called
- Blood pressure is measured as a two-digit figure. When the heart contracts or beats, the first number (systolic) shows the pressure in blood vessels. The second number (diastolic) indicates the pressure in the arteries while the heart is at rest between beats.
- Theme 2022: Measure Your Blood Pressure Accurately, Control It, Live Longer.
18 May: World AIDS Vaccine Day
- World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed across the globe on 18 May every year.
- It is observed to create awareness and provide information about Acquired Immuno Deficiency Syndrome (AIDS), a chronic, potentially life-threatening condition caused by the Human Immunodeficiency Virus (HIV) and its immunization.
- The observance of this day is led by the National Institutes of Health (NIH) – National Institute of Allergy and Infectious Diseases (NIAID), United States of America. The Red Ribbon is an internationally recognized symbol of AIDS awareness. It is worn in support of people living with HIV and in remembrance of those who have died.
- The first-ever World AIDS Vaccine Day or HIV Vaccine Awareness Day was observed on 18th May 1998, as a commemoration of U.S. President Bill Clinton’s 1997 declaration.
18 May: International Museum Day
- The world celebrates International Museum Day on May 18, every year. As the name suggests, it is a day dedicated to raising awareness on the importance of museums.
- Museums are an important means of cultural exchange, enrichment of cultures, and development of mutual understanding, cooperation, and peace among peoples.
- The resolution for International Museum Day was adopted during ICOM General Assembly in Moscow, in 1997.
- Theme 2022: ‘The Power of Museums’.
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