Current Affairs 2nd June 2022 Daily GK Update
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CCI approves acquisition of Shareholding in Hitachi construction Machinery Co. Ltd.
The Competition Commission of India (CCI) approves acquisition of shareholding in Hitachi Construction Machinery Co., Ltd. by HCJI Holdings G.K., Citrus Investments, HCJ Holdings 2 G.K., Japan Industrial V – GP K.K., and other investors.
- Citrus Investments LLC (“Citrus”) is a wholly owned subsidiary of ITOCHU Corporation, HCJ Holdings 2 G.K., Japan Industrial – GP, Manalsu, Primrose GP, Shepherds Hill Partners III Ltd., and Sonora Partners III Ltd. through HCJI Holdings G.K.
- It proposes to acquire 26% in the Hitachi Construction Machinery Co., Ltd. (“HCM/Target”) from Hitachi Ltd., on a fully diluted basis.
- HCJI is currently a wholly owned subsidiary of Japan Industrial Partners Inc.
- It was established as a limited liability company to hold shares in the Target and undertake all business incidental to the same.
- Prior to the Proposed Transaction, HCJI will be jointly held on 50:50 basis by
- HCJ HD2
- The ITOCHU Group operates in a comprehensive array of business domains, from upstream areas, such as transactions involving raw material, to downstream domains, such as retail.
- Itochu does not have any subsidiaries/ investee companies active in India.
PM Modi inaugurated Worlds 1st Nano Urea plant by IFFCO at Gujarat
- Prime Minister Narendra Modi inaugurated the Nano Urea (Liquid) Plant constructed at IFFCO, Kalol.
- The Nano Urea (Liquid) Plant was constructed at a cost of around Rs. 175 crores.
- This is to provide farmers the means to boost productivity and help increase their income.
- The plant will produce about 1.5 lakh bottles of 500 ml capacity per day.
- Prime Minister inaugurated the newly-built Matushri KDP Multispeciality Hospital in Atkot, Rajkot.
Government of India hikes premium rates for Flagship Insurance schemes PMJJBY & PMSBY for the first time in 7 years
- The Centre has increased the premium rates for its flagship insurance schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), for the first time in seven years to “long-standing adverse claims experience”.
- The premium for PMJJBY would increase from Rs 330 to Rs 436 a year effective June 1, and the PMSBY premium would rise from Rs 12 to Rs 20.
- PMJJBY provides life insurance cover worth Rs 2 lakh to all account holders aged 18-50 years.
- PMSBY provides accident cover of Rs 2 lakh to account holders aged 18-70 years.
- Active subscribers enrolled under PMJJBY and PMSBY as on March 31, 2022 was 64 million and 220 million, respectively.
- The Centre has set a target to increase insurance coverage from 64 million to 150 million under PMJJBY and from 220 million to 370 million under PMSBY for the next five years to cover the eligible population through these two flagship schemes for social security.
Jan Aushadhi stores surpassed the Rs 100 crore revenue threshold
- Jan Aushadhi outlets for the first time crossed the Rs 100 crore sales mark in May.
- These outlets offer more than 1,600 generic medicines, 250 surgical devices, nutraceuticals, Ayush products and Suvidha Sanitary pads.
- Pharmaceuticals & Medical Devices Bureau of India (PMBI) is the implementing agency of Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP).
- In year 2014-15: 8 crores
- In May 2021: Rs 83.77 crore.
- In May 2022: 100 crores
- In order to provide quality medicines at affordable rates to the common man especially the poor, the government has set a target to increase the number of Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) to 10,000 by March 2024.
- At Present, there are 8,735 such stores across 739 districts in the country.
PM announces the theme of 8th International Yoga Day ‘Yoga for Humanity’
- The eighth edition of the International Day of Yoga will be organised on June 21.
- The main event being held in Mysuru, Karnataka.
- PM announces ‘Yoga for Humanity’ as the theme of the day.
- The main event of International Day of Yoga this year will be held in Mysuru, Karnataka.
- This programme this year has been initiated for the specially-abled people, the transgender population, women and children.
- The 8th edition of International Day of Yoga (IDY) will see many firsts, one of them is an innovative programme, named “Guardian Ring”.
- Under this programme participation of people performing yoga will take place along with the movement of the sun from different countries, beginning from the east and marching towards west.
Gujarat government inked an agreement with Isha Outreach to conserve soil
- Climate Change Department of Gujarat has signed a Memorandum of Understanding to participate in the global movement for ‘Save Soil’.
- The MoU was signed in Ahmedabad between Isha Outreach’s Founder & Spiritual Leader Sadhguru, and Chief Minister of Gujarat Shri Bhupendra Patel.
- Gujarat has become the first state in the country to join worldwide soil protection campaign.
- Jaggi Sadguru has set out on a 100-day motorcycle tour to raise awareness about the soil regeneration campaign throughout the world.
- The 30,000-kilometer journey through Europe, Central Asia, and the Middle East is an attempt to raise awareness among policymakers on the importance of soil.
- Also, in 2006-07, Gujarat launched a foresight effort called “Soil Health Card” to protect the health and condition of the state’s soil.
- There are 115 soil health laboratories in the state which check nutrient levels in the soil.
Central African Republic becomes 2nd country to adopt Bitcoin as legal tender
- The Central African Republic has become the second country in the world to adopt bitcoin as official currency after El Salvador.
- Bitcoin will be considered legal tender.
- The Central African Franc is the official currency of 6 countries including the Central African Republic and is governed by the Bank of Central African States.
- The CAR is rich in diamonds, gold and other valuable minerals, but ranks as one of the world’s poorest and least-developed countries.
- It ranked near 188 in the UN Human Development Index in 2020.
Bangladesh now on the top recipient of Covid vaccines
- Bangladesh is the highest recipient of free Covid 19 vaccines from the World Health Organisation (WHO).
- The price of the vaccines received by Bangladesh is worth more than Taka 20,000 crore.
- Bangladesh has been able to vaccinate 98% of the targeted population from the 75% of the population of the country.
- Bangladesh has administered over 85 crore doses of Covid 19 vaccine till date including booster doses after the nationwide vaccination campaign was launched on February 7 last year.
Data of the Dosage received by the people:
First Dose: 12.88 crore people
Second Dose: 11.67 crore
Booster Dose: 1.25 crore booster dose
Age group of 12-17: 3.32 crore students
- UNICEF delivered the first COVAX consignment of vaccinations on June 1 last year, following the start of COVID 19 vaccination in Bangladesh in February 2021.
Canada introduced new law to freeze handgun ownership
- Canadian Prime Minister Justin Trudeau has introduced legislation that would put a freeze on importing, buying or selling of handguns.
- It will be illegal to buy, sell, transfer or import handguns anywhere in Canada.
- Canada already has plans to ban 1,500 types of military-style firearms and offer a mandatory buyback program that will begin at the end of the year.
- Canada is a country in North America’s north western region.
- It is the world’s second-largest country by total size, with a total area of 9,984,670 square kilometres.
- Its sole land bordering country is the United States, with whom it shares the world’s longest land border.
- Prime Minister: Justin Trudeau
- Currency: Canadian dollar ($) (CAD)
- Language: English and French
- Capital: Ottawa
- Largest City: Toronto
Appointment and Resignation
Sachin Tendulkar to continue as UNICEF’s Goodwill Ambassador for a record 20th year
- Sachin Tendulkar will continue as UNICEF’s ‘Goodwill Ambassador’ for a record 20th year.
- He has been working for the welfare of underprivileged children.
- In 2003, he was chosen to lead the initiative which create awareness and promote polio prevention in India.
- In 2008, he tied up to create and promote hygiene and sanitation among communities.
- In 2013, he was appointed UNICEF Ambassador for South Asia to advocate good hygiene and sanitation across the region.
- In 2019, he went Nepal to raise awareness for UNICEF Nepal’s ‘Bat for Brain Development’ campaign.
Headquarters: New York, New York, United States
Head: Catherine M. Russell
President: Tore Hattrem
Founded: 11 December 1946
Rajesh Gera appointed DG National Informatics Centre
- Rajesh Gera, a Senior scientist has been appointed as the Director General of National Informatics Centre (NIC).
- Gera is currently working as Deputy Director General in the NIC.
- The appointment of Gera, Scientist ‘G’ to the post of has been approved by the Appointments Committee of the cabinet.
- NIC is an Indian government organization under the Ministry of Electronics and Information Technology.
- It was established in 1976.
- The objective is to provide technology-driven solutions to central and state governments.
- Headquarters: New Delhi
- Founded: 1976
Dr Swati Dhingra appointed as the external member of Bank of England’s monetary panel
- Leading UK-based academic, Dr Swati Dhingra has been named as the first Indian-origin woman to be appointed as an external member of the Bank of England’s interest rate-setting committee.
- She will replace Michael Saunders, who has been on the MPC since August 2016.
- Dhingra is an Associate Professor of Economics at the London School of Economics (LSE) having specialisation in international economics and applied microeconomics.
Bank of England:
It is an independent MPC which makes decisions about the operation of the monetary policy of the UK.
It comprises of:
- Governor of the Bank of England
- Three Deputy Governors
- One member of the Bank with responsibility for monetary policy
- Four external members (appointed by the Chancellor)
- Governor: Andrew Bailey
Former SBI officer Natarajan Sundar joins NARCL as MD & CEO
- Former State Bank of India executive Natarajan Sundar has joined National Assets Reconstruction Company Ltd (NARCL) as managing director and CEO.
- Sundar is a banking veteran.
- He served SBI for over 37 years.
- Then he retired as Dy MD and Chief Credit Officer of the bank on April 30, 2022.
- Mr Karnam Sekar appointed as the Independent Director and Non-Executive Chairman of the Board.
- He was the MD and CEO of Indian Overseas Bank from July 2019 to June 2020.
- Earlier he was MD and CEO of Dena Bank from Sep 2018 until its merger in April 2019.
- NARCL is a special purpose vehicle set up as a joint initiative of Public and Private Sector Banks which is expected to take over bad loans from banks and focus on resolution and recoveries.
- NARCL has shareholding from 15 Indian Banks and Canara Bank is the sponsor bank of this ARC.
Former West Indies skipper Darren Sammy conferred with the Sitara-e-Pakistan award
- Former West Indies skipper Darren Sammy received civil honour of Sitara-e-Pakistan award.
- The 38-year-old all-rounder was being recognized for his role in helping bring international cricket back to Pakistan.
- It is the third-highest civil award conferred by Pakistan.
- Sammy was handed the honour in Saint Lucia.
- He represented West Indies in 38 Tests, 126 ODIs, and 68 T20Is.
- Highest civilian medal of Pakistan
- Pakistani citizenship
Defence Ministry signs with BDL for indigenous Astra Beyond Visual Range missiles
- The Defence Ministry signed a deal with Bharat Dynamics Limited for the supply of the indigenously developed Astra Mk-I Beyond Visual Range missiles and associated equipment for the Indian Air Force and the Navy.
- It costs Rs. 2,971 crore and will be executed in 6 years.
About the Astra Mk-I:
- Astra Mk1 is a beyond visual range (BVR), air-to-air missile.
- It has been developed by Defence Research and Development Organisation (DRDO) and manufactured by Hyderabad-based Bharat Dynamics Limited.
- Astra has a range of over 100 km with modern guidance and navigation techniques and has midcourse guidance and RF seeker based terminal guidance.
- Astra Mk1 has a range of over 100 km and 20 km altitude.
- India imports similar missiles from Israel, Russia and some other manufacturers.
- The Air Force had conducted successful trials of the missile integrated on the Su 30 MK-I fighter aircraft.
- The Navy will also integrate the missile on its MiG 29K fighter aircraft, part of its fleet for INS Vikramaditya aircraft carrier.
Telangana Formation Day: 2nd June
- Telangana is the India’s 28th state.
- The state was founded on 2nd June 2014.
- The day is celebrated to mark the people’s contribution to forming a separate state outside of Andhra Pradesh.
- On 1 November 1956, Telangana merged with Andhra Pradesh.
- Telangana’s 30 districts honour this day by hoisting the national flag.
Governor: Biswabhusan Harichandan
Chief minister: Y. S. Jaganmohan Reddy
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