Current Affairs 25 June 2022

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NATIONAL AFFAIRS

PM Narendra Modi inaugurates ‘Vanijya Bhawan‘ and launches NIRYAT Portali.On June 23, 2022, the Prime Minister (PM) of India Narendra Modi inaugurated the new premises of the Ministry of Commerce and Industry (MoCI) namely ‘Vanijya Bhawan’, and launched a new portal NIRYAT (National Import-Export Record for Yearly Analysis of Trade) during an occasion in Vigyan Bhawan in New Delhi, Delhi.
ii.Notably, June 23 marks the death anniversary of the India’s first Industries Minister Dr Shyama Prasad Mukherjee.
iii.The building has been completed in less than the budgeted cost of Rs 226 crore. It will serve as an integrated and modern office complex for its two Departments i.e. Department of Commerce, and Department for Promotion of Industry and Internal Trade (DPIIT).
About Ministry of Commerce and Industry (MoCI):
Union Minister– Piyush Goyal (Rajya Sabha Maharashtra)
Ministers of State– Anupriya Patel (Mirzapur, Uttar Pradesh) ; Som Parkash (Hoshiarpur, Punjab)
>> Read Full News

BNEF Report: India needs USD 223 Billion Investment to Meet 2030 Wind & Solar Capacity GoalsAccording to the BloombergNEF (BNEF)’s report titled “Financing India’s 2030 Renewables Ambition”, published in association with the Power Foundation of India, states that India will need USD 223 billion investment to achieve the goals of the government of India to increase the non-fossil power, wind and solar, capacity to 500 gigawatts (GW) by 2030.

• By 2030, India aims to provide around 50% of its electricity demand from renewable energy. In order to achieve this target, India needs to scale up funding for renewables.

Rapid transition to clean energy could create 1.5 crore new jobs in India by 2025: New Report
Ahead of the Group of Seven (G7) leader’s summit, We Mean Business Coalition and Cambridge Econometrics published a new report titled “Creating Jobs and Cutting Bills: the economic opportunities of a clean energy transition”. The report states that rapidly implementing policies to end dependency on fossil fuels and switching to clean energy could lead to the creation of 1.5 crore new jobs in India by 2025 and increase savings on electricity bills.
>> Read Full News

Garib Kalyan Rojgar Abhiyaan Completes Two Years

Garib Kalyan Rojgar Abhiyaan (GKRA), a scheme for migrant workers who were affected during COVID-19 has completed two years.The scheme was launched by the Government  to provide immediate employment and livelihood opportunities for migrant workers  in India.

Government of India launched Garib Kalyan Rojgar Abhiyaan (GKRA) on 20th June in 2020 for a period of 125 days with a resource envelope of 50,000 crore rupees to boost employment and livelihood opportunities for returnee migrant workers in the wake of COVID-19 pandemic.

• The Ministry of Rural Development is the nodal Ministry and is implemented in close coordination with the State Governments.

Highlights:
i.Objectives – To provide immediate employment and livelihood opportunities to the distressed, to saturate the villages with public infrastructure and to create public assets to boost the income generation activities.

• It enhances long term livelihood opportunities by giving focus on 25 works in 116 selected districts across six states Bihar, Jharkhand, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh.

ii.A total of 12 Ministries and Departments of Government of India will participate in GKRA and a total of 50.78 crore person-days employment was generated.
Measures taken:
i.Increase of wage under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) to Rs. 202 per day from Rs. 182 to benefit nearly 13.62 crore families.
ii.Government also created 39.51 lakh new job opportunities by crediting 2,583 crores in Employment  Provident Fund (EPF) accounts under Aatmanirbhar Bharat Rozgar Yojana (ABRY).
About Ministry of Rural Development (MoRD):
Union Minister – Giriraj Singh (Constituency – Begusarai, Bihar)
Minister of state – Sadhvi Niranjan Jyoti, Faggan Singh Kulaste

INTERNATIONAL AFFAIRS

Global Liveability Index 2022: New Delhi Ranks 112 & Mumbai Ranks 117
According to the Economist Intelligence Unit’s (EIU) ‘The Global Liveability Index 2022’, which examined 173 cities worldwide, New Delhi, the capital of India, is ranked 112th on the list of the most liveable cities, whereas India’s financial capital, Mumbai,(Maharashtra) is ranked 117th.

The EIU’s index assigns rankings to cities based on more than 30 qualitative and quantitative characteristics in five categories: infrastructure, stability, healthcare, education, culture and the environment, and healthcare.

• The list is topped by Vienna, Austria’s capital, which made a successful comeback, being crowned the “most liveable city” in the world once again.
• Vienna has recaptured the top spot from Auckland, New Zealand, which fell to 34th place in 2022 due to COVID-19 pandemic restrictions.

Top 5 entries in the list of ‘most liveable city’:

• Notably, due to pandemic restrictions, Vienna was ranked 12th in 2021. It held the first position in 2018 and 2019.
• For seven years starting in 2011, Melbourne, Australia, held the title of the most liveable city in the world. Vienna replaced Melbourne in 2018.

iii. Switzerland’s Geneva came in sixth place, Germany’s Frankfurt came in seventh, Canada’s Toronto came in eighth and the Netherlands’ Amsterdam, came in ninth. The tenth place was shared between Japan’s Osaka and Australia’s Melbourne.
iv. The capital of France, Paris, placed 19th, moving up 23 spots from 2021.
v. Brussels, the capital of Belgium, came in at number 24, just after Montreal, Canada.
vi. Syria’s capital, Damascus, has retained its title as the least liveable city on the planet.
Exclusions From the List
i. Following Russia’s invasion of Ukraine in late February 2022, the Ukrainian capital of Kyiv was excluded from the index.

• While the Russian cities of Moscow and St. Petersburg saw declines in their ranks due to “censorship” and the impact of Western sanctions.

ii. The ranking of business destinations excluded Beirut, the capital of Lebanon, which was devastated by a port explosion in 2020 and is enduring a dire financial crisis.

Mongolia’s Khuvsgul Lake & 10 Biosphere Reserves Added Newly To UNESCO World Network of Biosphere ReservesThe 34th session of the International Co-ordinating Council (ICC) of the Man and the Biosphere (MAB) Programme of the UNESCO held at UNESCO headquarters in Paris, France from 13th to 17th June 2022 approved to add 11 new biosphere reserves in 9 countries to the United Nations Educational, Scientific And Cultural Organization (UNESCO) World Network of Biosphere Reserves.

• The council has also extended 2 existing biosphere reserves in Spain: El Hierro Biosphere Reserve and Sierra del Rincón Biosphere Reserve.
• Including the 11 new sites, there are 738 biosphere reserves in 134 countries, including 22 transboundary sites.

About Man and the Biosphere (MAB) Programme:
Man and the Biosphere Programme (MAB), launched in 1971, is an Intergovernmental Scientific Programme.
Aim: To establish a scientific basis for the improvement of relationships between people and their environments.

>> Read Full News

94% of Domestic Workers Lack Comprehensive Social Security: ILO Report

According to International Labour Organization (ILO)’s new report titled “Making the right to social security a reality for domestic workers: A global review of policy trends, statistics and extension strategies”, only 6% of domestic workers from across the globe are legally covered for all benefits under social insurance schemes.
Around 94% of domestic workers lack access to the full range of protections, covering medical care, sickness, unemployment, old age, employment injury, family, maternity, invalidity and survivors’ benefits.

• The report highlights that around 50% of all domestic workers have no coverage at all, and the remaining half are legally covered by at least one benefit.

Key Points:
i.Since the majority of the domestic workers are employed informally, only one in 5 domestic workers are actually covered in practice.
ii.Despite their vital contribution to society, more than 75.6 million domestic workers across the globe face multiple barriers to enjoying legal coverage and effective access to social security.
iii.The report states that domestic workers are often excluded from the national social security legislation.
iv.Around 76.2% (57.7 million people) of domestic workers are women and the social protection gap leaves them vulnerable.
Note:
i.According to the report, 57.3% of domestic workers in Europe and Central Asia are legally covered for all benefits and around 10% of domestic workers in the Americas enjoy such rights and almost none are fully covered in the Arab States, Asia and the Pacific and Africa.
ii.These are regions that include countries where significant numbers of domestic workers are employed.
Recommendations:
The report offers the following recommendations to ensure that domestic workers have access to comprehensive social protection.

• Ensure that domestic workers enjoy conditions at least as favourable as those existing for other workers.
• Customize and simplify administrative procedures to ensure that legal coverage translates into coverage in practice.
• Simplify and streamline registration and payment procedures and develop adequate financing mechanisms.
• Design benefit systems suitable for the specificities of domestic work.
• Promote inspection services, and complaint and appeal mechanisms to ensure compliance.
• Create awareness about the rights and obligations of domestic workers
• Promote a participatory and integrated policy approach.

BANKING & FINANCE

WB approves USD562mn funding for 3 projects in India; along with Rail Logistics Project & U’khand’s Rain-Fed Agriculturei.The Board of Executive Directors of the World Bank (WB) has approved 5 loans/fundings towards India catering to different sectors.
ii.This include three loans totalling USD 562 million/mn (about Rs 4,393.70 crore) to fund an education project in Gujarat, a social protection programme in Tamil Nadu (TN) and a project to help recovery in the fisheries sector post the Covid-19 pandemic.
iii.WB has approved the Uttarakhand Climate Responsive Rain-fed Farming Project with an outlay of Rs 1000 crore to introduce modern farming in its 9 hill districts.
iv.WB approves USD245mn loan to support India’s efforts to modernize rail freight and logistics infrastructure through Rail Logistics project.
About World Bank (WB):
President– David Robert Malpass
Headquarters– Washington DC, United States (US)
>> Read Full News

ICICI Bank Launches digital Platform for the Student Ecosystem – ‘Campus Power’On 23rd June 2022 ICICI Bank launched a digital platform, ‘Campus Power’,  first-of-its-kind to address the needs of the students aspiring to pursue higher education in India and abroad. It is also available for other bank customers also.

• This is a one-stop platform, designed to assist the entire student ecosystem comprising students, parents and institutes.

Highlights:
i.Campus Power offers financial products ranging from bank accounts including overseas accounts, education loan and its tax benefit, foreign exchange solutions, payment solutions, cards, other loans and investments.
ii.The first branch of ICICI on student ecosystem has been set up at Indian Institute of Technology (IIT) Kanpur and seven more will be added.
About ICICI Bank:
MD & CEO – Sandeep Bakhshi
Establishment – 1994
Headquarters – Mumbai, Maharashtra
>> Read Full News

LIC launches Dhan Sanchay Life Insurance Plan with Income BenefitThe Life Insurance Corporation of India (LIC) has launched a Dhan Sanchay Savings scheme, which is a non-linked, non-participating, individual, savings life insurance plan providing guaranteed Income Benefit and Terminal Benefit (Life protection) payable at the time of maturity of scheme.

• The plan is available for a term of minimum 5 years to maximum 15 years depending on the option chosen by the policy holder.

Key Features:
i.The plan provides financial support for the family in case of unfortunate death of the Life Assured during the term of the policy after the commencement of risk. The death benefit is paid in lumpsum and/or in instalments over a period of 5 years, as per the policy option.
ii.The plan also takes care of liquidity needs through loan facility.
iii.Optional riders are also available under this plan on payment of additional premium subject to conditions.
Minimum Sum Assured:
There are 4 types of plans have been introduced under the LIC Dhan Sanchay plan. These are options A, B, C and D. The minimum sum assured under the option A & B of the plan is Rs 3,30,000. For option C it is Rs 2,50,000 and for option D it is Rs 22,00,000.
Age:
The minimum age at entry is 3 years and the maximum entry age is as follows:

• Option A & B: 50 years (nearer birthday)
• Option C: 65 years (nearer birthday)
• Option D: 40 years (nearer birthday)

The scheme can be purchased offline through agents or other intermediaries including Point of Sales Persons-Life Insurance (POSP-LI), Common Public Service Centres (CPSC-SPV) or online through LIC’s official website www.licindia.in.        

APPOINTMENTS & RESIGNATIONS           

RBI Appoints Former SBI Official as Member of Advisory Committee of SIFL & SEFLOn 24th June 2022 the Reserve Bank of India (RBI) appointed Venkat Nageswar Chalasani, former Deputy Managing Director of SBI, as a member of the Advisory Committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) with effect from 22nd June 2022. He succeeds R Subramaniakumar, ,Former MD & CEO, Indian Overseas Bank.
About Advisory Committee:
i.In October 2021, the RBI had filed applications for initiation of corporate insolvency resolution process against SIFL and SEFL at the Kolkata Bench of the National Company Law Tribunal.

• As a result, RBI had decided that the three-member committee ‘shall continue as the advisory committee’ constituted under the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019.

ii.The three member Advisory Committee shall advise the Administrator in the operations of the SIFL and SEFL during the corporate insolvency resolution process.

• The other 2 members of the committee are, T T Srinivasaraghavan (former Managing Director, Sundaram Finance Limited) and Farokh N Subedar (former Chief Operating Officer and Company Secretary, Tata Sons Limited).

About Srei Group:
The Srei Group, mainly caters to the Micro Small and Medium Enterprises (MSME) and infrastructure sectors, owes around Rs 18,000 crore to around 15 lenders, including Axis Bank, UCO Bank and State Bank of India, and another nearly Rs 10,000 crore of external commercial borrowings and bonds.
Establishment –1989
Headquarters – Kolkata, West Bengal

      SCIENCE & TECHNOLOGY

China Launches 2nd Batch of 3 Remote Sensing Satellites of Yaogan-35 Series 

On June 23, 2022, China successfully launched 2nd Batch of three new remote sensing satellites of Yaogan-35 series by a Long March (LM)-2D carrier rocket, from the Xichang Satellite Launch Center (XSLC) in Sichuan Province, southwest China.

• The satellites entered the desired orbit successfully as the second batch of the Yaogan-35 series.

• XSLC specialises in the insertion of satellites into Geostationary Orbit (GEO), such as broadcast, communication, and meteorological satellites.

Significance
i. Three Yaogan-35 satellites, the first batch, were launched into orbit by China on November 6, 2021.
ii. The LM-2D is a two-stage launch vehicle. Its overall length is 41.056 metres (m), and its lift-off mass is 250 tonnes. 

• The LM-2D made its first flight in August 1992. It has had a 100% success rate so far.

iii. The satellites will mostly be utilized for science experiments, surveys of land resources, estimations of agricultural product yields, and exercises for disaster prevention and mitigation.
iv. This launch marked the 424th mission for the LM series of carrier rockets.
Long March Carrier Rocket Series
The China Aerospace Science and Technology Corporation (CASC) developed the Long March (LM) launch vehicles, can launch spacecraft into Earth-Moon transfer trajectory, Sun-Synchronous Orbit (SSO), Geosynchronous Transfer Orbit (GTO), and Low Earth Orbit (LEO).

• About 96.4 % of all Chinese launch missions have been carried out since the LM carrier rocket series made its debut in 1970.

About People’s Republic of China:
President – Xi Jinping
Capital – Beijing
Currency – Renminbi (RMB)

GoI & SBI Collaborates to Create an Integrated Pensioners’ Portal to Improve The “Ease of Living” For Pensioners

In order to provide seamless services and enhance the quality of life for pensioners, the Department of Pension & Pensioners’ Welfare (DoPPW), Ministry of Personnel, Public Grievances and Pensions, Government of India (GoI), will collaborate with State Bank of India (SBI) to develop an integrated pensioners’ portal.
On June 20 and 21, 2022, DoPPW made this announcement during a two-day Bankers’ Awareness Program that it had organised in Udaipur, Rajasthan.

• The program was organized for SBI officers working in the Northern Region of India who handle pension-related duties.

DoPPW Bankers’ Awareness Program 2022
i. This was the first in a series of awareness programs for Central Pension Processing Centres and field functionaries in various banks who handle pension-related work.
ii. With the aim of educating SBI field officials, sessions on pension policy reforms and digitization regarding the disbursement of pensions to central government pensioners were organized.

• A digital means of submitting annual life certificates as well as special sessions on income tax issues pertaining to pensioners were organized.

iii. In collaboration with the SBI, four such awareness programs would be conducted across India.

• Similarly, awareness programs in partnership with other pension disbursing banks will be held in 2022-23.

About State Bank of India (SBI):
Chairman – Dinesh Kumar Khara
Managing Directors – C.S. Setty, Alok Kumar Choudhary, Swaminathan.J, Ashwini Kumar Tewari
Establishment – 1955
Headquarters – Mumbai, Maharashtra

SPORTS

Paytm T20I Series: India and South Africa Shared the Trophy Due to Tie-Break In The Decider

The Paytm sponsored 5 match Twenty20 International (T20I) was hosted by India (IND) against South Africa (SA) from June 09 to June 19, 2022. The 5 match T20I series ended in a tie-breaker (2-2) as the first two matches were won by South African Cricket team led by Temba Bavuma and 3rd and 4th match was won by Indian cricket team led by Rishabh Pant and the decider (5th match) was called-off due to rain and the trophy was shared between both the teams.
Player of the Series and Player of the Match:
Player of the Series
Senior India fast bowler Bhuvneshwar Kumar was adjudged the player of the series for his prolific performance with the ball by picking up a total of 6 wickets in 4 matches.
Player of the Match

• 1st T20I: David Miller (SA) was given man of the match award for his 64 runs (not out).
• 2nd T20I: Heinrich Klaasen (SA) was given man of the match award for his 81 runs.
• 3rd T20I: Yuzvendra Chahal (IND) was given man of the match award for his 3 (Wickets) /20
• 4th T20I: Dinesh Karthik (IND) was given man of the match award for his 55runs.

Records During The Series:
Dinesh Karthik:
Dinesh Karthik (37 years and 16 days) surpasses MS Dhoni (Former Indian Team Captain was 36 years and 229 days old) to become oldest Indian batsmen to score T20I half-century.

• Also this is Dinesh Karthik’s first half-century for India.

Rishabh Pant:
After consecutive defeats as Indian team captain Rishabh Pant finally made his first victory as a captain of India in the 3rd T20I match.
India:
Indian Cricket Team defeated South Africa in the third T20I by 48 runs, which is India’s biggest victory (by runs) against South Africa in T20Is. India’s previous biggest T20I victory against South Africa was on September 20, 2007, when they won by 37 runs.
Venues of the T20I match:

• 1st T20I – Arun Jaitley Stadium, New Delhi, Delhi.
• 2nd T20I – Barabati Stadium, Cuttack, Odisha.
• 3rd T20I – Dr. Y.S. Rajasekhara Reddy ACA-VDCA Cricket Stadium, Vishakhapatnam, Andhra Pradesh.
• 4th T20I – Saurashtra Cricket Association Stadium, Khandheri, Gujarat
• 5th T20I – M. Chinnaswamy Stadium, Bengaluru, Karnataka

About International Cricket Council (ICC) T20I Rankings (As of June 2022):
i.ICC T20I Batting Rankings
Rank – 1 Babar Azam (Pakistan)
Rank – 2 Mohammad Rizwan (Pakistan)
Rank – 3 Aiden Markram (South Africa)
Rank – 6 Ishan Kishan (India)
ii.ICC T20I Team Rankings
Rank – 1 India
Rank – 2 England
Rank – 3 Pakistan

ENVIRONMENT

Pseudomogrus sudhii: New Spider Discovered from Thar desert, Rajasthan; Named After Malayalee Arachnologist Sudhikumar AV

A new species of jumping spider named “ Pseudomogrus sudhii” has been discovered in the Thar desert, Rajasthan. The new species has been named after Malayalee Arachnologist Sudhikumar A.V., recognising his contribution to the field of Indian arachnology. The genus Pseudomogrus Simon, 1937 is reported from India for the first time.
Discovery:
i.The new species was discovered during the joint exploration by Dmitri Logunov – curator, Manchester Museum, The University of Manchester, United Kingdom (UK), Rishikesh Balkrishna Tripathi and Ashish Kumar Jangid of Wildlife Institute of India (WII), Dehradun, Uttarakhand.
ii.The discovery of the species was published in the 2022 Volume of Arachnology, an international scientific journal of the British Arachnological Society.
About Pseudomogrus sudhii:
i.The 4 mm long spider with a dark brown coloured head(male) is covered with small white hairs and has a black eye region.
ii.The spider has a dark mid-longitudinal band traversing the pale-yellow coloured abdomen.
iii.The head of the female is yellow-coloured with black eyes.
iv.It also has white spots on its light yellow abdomen.
v.This species inhabits dry grass blades of the desert.
vi.So far 35 species of spiders of this genus have been discovered worldwide.
About Sudhikumar A.V:
i.Sudhikumar A.V. is the Head of the Department of Zoology in Christ College, Irinjalakuda(Thrissur, Kerala) and the founder of the Centre for Animal Taxonomy and Ecology (CATE), Christ College.
ii.He has published more than 200 research articles on the Indian spider diversity in various international and national journals.
iii.He was the author of Keralathile Chilanthikal published by the Kerala Bhasha Institute.
iv.So far, under his leadership, the CATE researchers have discovered 35 new species of spiders from various geographic locations in Kerala.

STATE NEWS

Syngenta India Launches Price Guarantee Insurance Scheme for Chilli FarmersSyngenta India, a Agri-tech Company’s vegetable seed division has entered into an exclusive agreement with the Agriculture Insurance Company of India (AIC) to safeguard chilli farmers of Guntur, Andhra Pradesh(AP) from unfavourable price fluctuations due to unpredictable market conditions.

• This is the 1st initiative for crop protection against market fluctuation. Until now, the compensation was given due to the natural calamities.

Highlights:
i.At the Guntur Agricultural Product Marketing Committee (APMC), around 80% of the red dry chilli auction would happen, thus protecting policyholders against unexpected falls in market prices.
ii.The agreement will guarantee a fair price to the chilli growers (small holding farmers) by creating a shield against market price fluctuation, securing their income and supporting them to keep cultivating the preferred crop.
iii.About 2000 farmers of Atchampet, Guntur have been growing Syngenta’s Hot Pepper Hybrid HPH 5531 in an average land holding of 2 acres with an insurance cover for about Rs. 1.5 lakh per acre.

• AIC is offering Fasal Bhavantar Kawach, an insurance policy for farmers who cultivate Syngenta’s Hot Pepper Hybrid HPH 5531 for safeguarding the farmers from price fluctuation.

iv.If the market prices fall for the insured crop below the threshold or guaranteed price, AIC will compensate the policyholder by providing the difference price.
About Syngenta India:
The Syngenta vegetable seeds are of best quality with a wide range of hybrids.
Managing Director (MD) – Susheel Kumar
Headquarters – Pune, Maharashtra

BLS International Inks Pact with West Bengal for computerisation, e-governance of registration offices

BLS International Services, a tech-enabled services partner for governments and citizens, has entered into an agreement with the West Bengal government for computerisation and e-governance of registration offices in Public-Private Partnership (PPP) mode in the Presidency Zone.

• BLS International Services Ltd. has been selected by the Directorate of Registration and Stamp Revenue, Govt. of West Bengal for Computerization and e-Governance of Registration offices in West Bengal.

About the project:
i.In the project, the company will procure, install and commission the hardware for 81 offices under the Presidency Zone.
ii.Deployment of manpower, management and maintenance of manpower and hardware will be done for five years.
About BLS International Services:
The company provides services in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services.

• BLS will process 7,00,000 transactions per annum in the project.

Managing Director (MD) – Nikhil Gupta
Headquarters – New Delhi, Delhi

Delhi & UNDP set up Oxygen plant to support 750 beds in GB Pant Hospital 

The government of the National Capital Territory (NCT) of Delhi collaborated with the United Nations Development Programme (UNDP) to set up an oxygen generation plant at Govind Ballabh Pant Hospital to increase the oxygen supply capabilities of the hospital. The oxygen plant can cater to 750 beds in the hospital, including those supported by ventilators.

• The plant utilises Pressure Swing Adsorption (PSA) technology to produce up to 1,050 litres of oxygen per minute.
• In partnership with the state governments, UNDP has set up twelve oxygen generation plants across India, including Arunachal Pradesh, Meghalaya, Nagaland, NCT of Delhi, and Tripura.

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