Current Affairs 4 March 2022

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NATIONAL AFFAIRS

Field assessment of Swachh Survekshan 2022 launched by MoHUA 

i.On March 1, 2022, the Ministry of Housing and Urban Affairs (MoHUA) launched the 7th consecutive edition of Swachh Survekshan (SS) 2022, the world’s largest urban cleanliness survey. 
ii.It coincides with the celebrations of the 75th year of India’s independence thus SS 2022 will focus on the theme of Azaadi@75 spirit.
iii.The survey has been initiated with around 3,000 assessors of Ipsos Research Pvt. Ltd., an Assessment Agency headquartered in Paris France. In India, it is based in Mumbai, Maharashtra. 
About Ministry of Housing and Urban Affairs (MoHUA):
Union Minister– Hardeep Singh Puri (Constituency– Rajya Sabha, Uttar Pradesh)
Minister of State (MoS)– Kaushal Kishore (Constituency– Mohanlalganj, Uttar Pradesh)
>> Read Full News

WCD Minister Smriti Irani Announces Rs 5 lakh Insurance for OSC Workers & Launched ‘Stree Manoraksha Project’

i.As a part of nationwide celebrations of ‘Azadi Ka Amrit Mahotsav’, the Ministry of Women and Child Development (MoWCD) is celebrating the International Women’s Day week from 1st to 8th March, 2022 which was inaugurated by Union Minister Smriti Zubin Irani, MoWCD at Vigyan Bhawan in New Delhi, Delhi on March 1, 2022.
ii.The inaugural event of the week was organised by the MoWCD in collaboration with Bureau of Police Research and Development (BPR&D) to raise awareness on safety and security of women. 
iii.During the event, an insurance cover of Rs 5 lakh was announced for the workers of One Stop Centres (OSC), established in 2015 under Nirbhaya fund to provide mental, legal and medical aid to distressed women.
iv.MoWCD launched the ‘Stree Manoraksha Project’ in collaboration with National Institute of Mental Health and Neuro Sciences (NIMHANS) in Bengaluru, Karnataka with an aim to improve the mental health of women in India.
About Ministry of Women and Child Development (MoWCD):
Union Minister– Smriti Zubin Irani(Constituency- Amethi, Uttar Pradesh)
Minister of State (MoS)– Dr. Munjpara Mahendrabhai Kalubhai(Constituency- Surendranagar, Gujarat)
>> Read Full News

Govt. approved continuation of 7 sub-schemes under ‘Relief and Rehabilitation of Migrants and Repatriates’ from 2021-22 to 2025-26

The Government of India approved the proposal for continuation of the seven existing sub schemes under the Umbrella Scheme “Relief and Rehabilitation of Migrants and Repatriates” for the period 2021-22 to 2025-26 with a total outlay of Rs.1,452 crore. 
Key points:
i.The Ministry of Home Affairs (MHA) launched these seven schemes at different points of time.
ii.The scheme will aid and assist the migrants and repatriates to earn a reasonable income and  promote their inclusion in economic activities.
 The assistance provided for 7 schemes are –

• Relief and Rehabilitation of displaced families of Pakistan Occupied Areas of Jammu and Kashmir and Chhamb,
• Relief assistance to Sri Lankan Tamil refugees,
• Relief assistance to Brus lodged in relief camps in Tripura,
•  Enhanced relief to 1984 Anti-Sikh Riot Victims,
• Financial Assistance and other facilities to the families of affected civilian victims of terrorist violence including militancy, insurgency, communal/ Left Wing Extremism violence and cross border firing and victims of mine/IED blasts on Indian Territory,
• Grants-in-aid to Central Tibetan Relief Committee (CTRC),
• Grants in Aid to Government of West Bengal for infrastructure development in 51 erstwhile Bangladeshi enclaves in Cooch Behar and  resettlement of 922 returnees from erstwhile Indian enclaves in Bangladesh.

About Ministry of Home Affairs (MHA):
Union Minister– Amit Shah(Constituency- Gandhi Nagar, Gujarat) 
Minister of State– Ajay Kumar Mishra, Nisith Pramanik,Nityanand Rai

MoD Approves Project Under Make-I and Make-II Categories of Defence Acquisition Procedure 2020

Ministry of Defence (MoD) approves for in-principle projects under Make-I and Make-II categories of Defence Acquisition Procedure (DAP) 2020. The project is to boost ‘Atma Nirbharta’. 
i.The project aims to develop the design capabilities of Indian defence Industry and position India as a design leader in these technologies.
About The Make-I and Make-II Projects:
i.Defence Procurement Procedure (DPP) -2016 have two subcategories of ‘Make’ Procedure.
ii.Make-I projects are Government funded.
iii.While, Make-II projects are Industry funded.
iv.This is the first time that the Indian Industry has been involved in development of big ticket platforms such as Light tank and Communication Equipment with Indian security protocols since the launch of industry-friendly DAP-2020.
Projects Under Make-I:
i.MoD has offered four projects to the Indian Industry for design & development under Make-I category of DAP 2020. 
ii.Financial support will be provided to the industry for prototype development of these projects. 
iii.Approval In-Principle (AIP) was granted to list of projects by Collegiate Committee of MoD are as follows:

MoMA Extends The Deadline of Qaumi Waqf Boards Taraqqiati Scheme

The Ministry of Minority Affairs (MoMA) has extended the deadline for the Qaumi Waqf Boards Taraqqiati Scheme(QWBTS) (Former Scheme of Computerization of Records & Strengthening of State Waqf Boards) (geotagging the Waqf properties) from March 2022 to November 2023. The Central Waqf Council, New Delhi is the Nodal Agency for implementation of the Scheme.
Aim of Qaumi Waqf Boards Taraqqiati Scheme (QWBTS):
i.To map the immovable assets under the Waqf boards, to ensure its proper utilisation and monetisation. 
ii.It also aims to ensure that the properties are not lost to encroachments and other counter ownership claims. 
Geotagging of Waqf properties:
i.Out of six lakh Waqf properties, 2 lakh properties have been geotagged in the past 5 years.
ii.To speed up the survey nearly 29 agencies were formed to carry out the Geographic Information Systems (GIS)/ Global Positioning Systems (GPS) survey.  
iii.The agencies include IITs in Hyderabad, Jodhpur, and Kanpur as also the Jamia Millia Islamia in Delhi.
Delayal In The Geotagging:
i.The estimation was to geotag at least 50 percent of the properties by March 2020, But by February 2021, the exercise had been undertaken only for 96,000 properties, as per the standing committee report.
ii.Over 6 Lakh Waqf registered properties, survey showed nearly 2 lakh properties were newly registered.
iii.Chhattisgarh alone has reported 36,000 new properties, which needs to be verified.
Note 
Geotagging is the process of appending geographic coordinates to media based on the location of a mobile device.
About Central Waqf Council:
Chairman –  Mukhtar Abbas Naqvi (Current Union Minister of Minority Affairs)
Established – 1964

Agriculture Sector Grew by 11% CAGR during 2015-20:Innovation in India’s Rural Economy ReportConfederation of Indian Industry (CII) and Bain & Company jointly prepared a report titled ‘Innovation in India’s Rural Economy: Disruptive business models are stimulating inclusive growth in agriculture and rural finance’ which revealed the growth of the agriculture sector with highest disruption in terms of smartphone and internet penetration.
Key Points:
i.The agriculture sector has grown by a Compound Annual Growth Rate (CAGR) of 11 percent during 2015-2020 with the support of government and other private sectors initiatives towards physical and digital infrastructure.
ii.The private equity investment in agri-tech space reached more than 50 percent per annum between 2017 and 2020 that reaches an aggregate of upto Rs. 6600 Crores.
iii.Over the last 5 years, the rural ecosystem has grown over 10 percent per annum and have also shown 30 percent increased growth of rural smartphone and internet penetration.
About Confederation of Indian Industry (CII):
Establishment– 1895
Headquarter– New Delhi, Delhi
President – T V Narendran
>> Read Full News

INTERNATIONAL AFFAIRS

Nepal-India signs MoU on supply of Urea and DAP under G2G Agreement

A Memorandum of Understanding (MoU) has been signed between India and Nepal during a virtual ceremony for long-term supply of Urea and DAP (Di-ammonium Phosphate) fertilizers from India to Nepal under a Government to Government (G2G) arrangement.
Signatories:
India– Rajesh Kumar Chaturvedi, Secretary, Ministry of Chemicals and Fertilizers
Nepal– Dr. Govinda Prasad Sharma, Secretary, Ministry of Agriculture and Livestock Development
Key Points:
i.This MoU will boost bilateral cooperation in the agriculture sector by supporting Nepal’s economy and food security.
ii.It will also aid in addressing the recurring fertilizer shortages in Nepal and enable improve agricultural productivity benefitting the Nepali farmers. 
iii.In February 2022, both nations also inked a MoU for the construction of a motorable bridge over the Mahakali River connecting Dharchula in Uttarakhand with Darchula in Nepal with Indian grant assistance.
About Nepal:
President– Bidya Devi Bhandari
Currency– Nepalese rupee
Ambassador of India to Nepal– Vinay Mohan Kwatra

SWISS to Become World’s First Airlines to Use Solar Aviation fuelSwiss International Air Lines AG (SWISS or Swiss Air Lines), a part of the Lufthansa Group, has signed a new strategic collaboration with Switzerland based solar fuels start-up, Synhelion SA (Synhelion) to use their solar aviation fuel.

• SWISS is set to become the world’s first airline to use Solar Aviation fuel (“sun-to-liquid” fuel).

Solar Fuel Facility:
Synhelion is set to build the world’s first facility to industrially produce solar fuel in Jülich, Germany. The plant will become operational from 2022 onwards. 
SWISS will become the first customer of solar kerosene in 2023.

• As per the agreement, SWISS and Lufthansa will also support the commercial fuel production facility of Synhelion in Spain.

Solar Aviation fuel:
i.SWISS and the Lufthansa Group have concluded a strategic collaboration with Synhelion, Swiss Federal Institute of Technology (ETH Zurich) spinoff, to bring solar aviation fuel to market. 
ii.Synhelion has developed a key technology for manufacturing sustainable aviation fuel (SAF) from renewable energy sources.

• The process uses concentrated solar heat to manufacture syngas which can then be synthesized into carbon-neutral kerosene using standard industrial processes. 
• This sun to liquid fuel will only produce as much as carbon dioxide as used in to its manufacture. 
• This fuel will contribute to effectively decarbonizing air transport.

About Swiss International Air Lines AG(SWISS):
SWISS is Switzerland’s largest airline which is operating one of Europe’s youngest and most fuel-efficient aircraft fleets.
Chairman– Reto Francioni
CEO– Dieter Vranckx
It operates a global flight network from Zurich and Geneva (Switzerland). 

MEA Unveils Special Logo to Mark 75 Years of Indo-Netherlands Diplomatic Relation On 2nd March 2022, Sanjay Verma, Secretary (West) in the Ministry of External Affairs(MEA) and Marten van den Berg, Ambassador of the Kingdom of the Netherlands to India released a joint “Special logo” to mark 75 years of Indo-Netherlands Diplomatic Relation. 

• 2022 marks the 75th anniversary of the establishment of diplomatic relations between India and the Netherlands. 
• The Netherlands was one of the first European countries to have bilateral relations with India. The official relations between India and the Netherlands were established in 1947. 

About the logo:
i.The logo features a lotus and a tulip, the national flowers of India and the Netherlands respectively. 
ii.The logo has a Chakra in the middle which depicts the bond of friendship between both countries. 
iii.The flag colours of both the countries in the logo enhance the existing connections between the people of India and the people of the Netherlands. 
Additional info:
i.As a part of the celebration of the 75th Anniversary, several events and activities are planned in a wide range of areas of cooperation including water, agriculture, innovation, energy, climate and culture.
ii.As a part of the celebration of the Azadi Ka Amrit Mahotsav, the Netherlands presented 3000 fresh tulips to India, as a symbol of friendship. The tulips were planted in the gardens of the Jawaharlal Nehru Bhawan, headquarters office building of the MEA. 
About The Netherlands:
Prime Minister– Mark Rutte
Capital– Amsterdam
Currency– Euro

BANKING & FINANCE

LoanTap Partners with Arka and MAS Financial Services for New Digital Lending Models

LoanTap, a leading fintech digital lending platform, aims to close Financial Year 2022 by announcing business collaborations with Non-Banking Financial Company (NBFC) – Arka Fincap Limited (Arka) and Reserve Bank of India (RBI) registered NBFC MAS Financial Services Limited. (MAS) in a co-lending model for the salaried and MSME segment.

• The collaboration will allow LoanTap to utilise its technology and quick processes to tap into a larger customer base and enable loan disbursals through these partnerships.
• Through the collaboration, LoanTap will have 6 co-lending partnerships along with its own NBFC platform. 

Key highlights:
i.LoanTap’s technology platform ‘LT-Flow’ will help entities to start digital Know Your Customer (KYC), National Automated Clearing House (NACH) and agreement, along with Artificial Intelligence (AI) powered credit decision making, to easily operate end to end digital lending. 

• It also enables lenders to source, share risk (co-lend), underwrite, plug-in capital, and manage loans. 

ii.LoanTap recently launched the Limitless Credit Card and also caters to loans for millennials and young working professionals.
About LoanTap:
Establishment – 2016 
Headquarters – Pune, Maharashtra
Co-founder & CEO – Satyam Kumar
About Arka Fincap Limited:
Establishment – 2018 
Headquarters – Mumbai, Maharashtra
Executive Vice Chairman & CEO – Vimal Bhandari
About MAS Financial Services Limited:
Establishment – 1995
Headquarters – Ahmedabad, Gujarat
Chairman & Managing director (MD) – Kamlesh Gandhi

 RBI cancels the license of Sarjeraodada Naik Shirala Sahakari Bank Limited, Maharashtra

On 2 March 2022, the Reserve Bank of India (RBI) canceled the license of Sarjeraodada Naik Shirala Sahakari Bank Ltd of Shirala, Sangli (Maharashtra) due to compliance failure with the regulation under Section 11(1) ,Section 22 (3) (d) and Section 56  Banking Regulation Act 1949. 

• The bank is found to lack adequate capital and earning prospects under section 11(1) and section 22(3) (d) read with section 56 of the Banking Regulation Act, 1949.

Highlights:
i.The Bank is debarred to carry its banking business and operation with effect from 2 March 2022. 
ii.The bank is unable to carry  acceptance of deposits and repayment of deposits as defined in Section 5(b) and Section 56 of the Banking Regulation Act, 1949.
iii.The order for winding up the entity and appointment of a liquidator will be passed by the Registrar of Cooperative Societies of Maharashtra.
iv.According to the provision of  Deposit Insurance and Credit Guarantee Corporation (DICGC) Act 1961, every depositor entitled to receive deposit insurance claims an amount of  deposits up to a monetary ceiling of Rs. 5,00,000 on liquidation.

• More  than 99 % of the depositors of Sarjeraodada Naik Shirala Sahakari Bank  are entitled to receive the full amount of their deposits from DICGC.

Related information:
In February 2022, the RBI also canceled the  license of Independence Co-operative Bank, Nashik (Maharashtra) as it does not have adequate capital and earning prospects. The bank failed to comply with the requirements of the Banking Regulation Act, 1949.
About Deposit Insurance and Credit Guarantee Corporation (DICGC):
i.DICGC is one of the wholly owned subsidiaries of the Reserve bank of India (RBI).
ii.It was established under Deposit Insurance and Credit Guarantee Corporation Act, 1961.
Founded- 15 July 1978 
Chairman– Dr M D Patra

LICHFL Partners with CSC to Provide Loans through over 4 Lakh VLEsLIC Housing Finance Limited (LICHFL) and Common Service Centre e-Governance Services India Limited (CSC) have entered into a strategic partnership to provide loans to citizens through CSC’s network of over 4 lakh Village Level Entrepreneurs (VLEs). 
About the partnership:
i.Through the partnership, VLEs can avail home loans; loans for serving or retired employees who are entitled to pension; residential plot loan; Griha Suvidha for private sector workers or self-employed; and loan against property and top-up loan.
ii.CSC will help LIC Housing to overcome last mile connectivity issues and build structured financial information for various loan products in rural areas.
Documents required to avail loans:
To avail these loans, customers can approach their nearest CSC office with Know Your Customer (KYC) documents like Permanent Account Number (PAN) card, Aadhaar or driving licence, passport, and proof of residence; income documents like salary slip, IT returns and bank statements; and property documents like proof of ownership, tax receipts. 
About LIC Housing Finance Limited (LICHFL):
Establishment – 1989
Headquarters – Mumbai, Maharashtra
Managing Director (MD) & CEO – Y Viswanatha Gowd

IIFL Finance Partners with NIRA to Offer Personal LoansOn 3rd March 2022 IIFL Finance Limited, non-banking financial company collaborated with fintech NIRA to strengthen its digital footprint by providing personal loans.

• Aim – To provide credit to largely unbanked and underbanked borrowers and small entrepreneurs.

About the partnership:
i.Through this partnership, salaried customers can avail a personal loan of up to Rs. 1 lakh from IIFL Finance by downloading the NIRA app from Google’s Play store.
ii.This will enable NIRA to continue scaling up its business and help IIFL build its unsecured lending book.

• It will also boast a small-ticket short-term digital lending portfolio.

About NIRA:
NIRA is a consumer finance business platform operating pan-India offers loans to borrowers starting at incomes as low as Rs. 10,000 per month.
Headquarters – Bengaluru, Karnataka
Co-founder & CEO – Rohit sen
About IIFL Finance Limited:
Establishment – 1995
Headquarters – Mumbai, Maharashtra
Chairman – Nirmal Jain

APPOINTMENTS & RESIGNATIONS      

Indian Actress Vidya Balan became  Brand Ambassador of Bharti AXA Life Insurance 

 Bharti AXA Life Insurance, appointed  National Award winning actress Vidya Balan as its Brand Ambassador.

• Bharti AXA Life Insurance is a joint venture of Bharti, India’s leading business groups and AXA, one of the world’s leading organizations in financial protection and wealth management.

Key points:
i.Vidya Balan as the brand ambassador will help in promoting the #DoTheSmartThing of Bharti AXA Life Insurance. 
ii.She got the National Award for her movie “The Dirty Picture’’ and she is also a recipient of Padma Shri in Arts.
About Bharti AXA Life Insurance:
MD & CEO-Parag Raja 
Commenced operation– 2006
Headquarters– Mumbai, Maharashtra

SCIENCE & TECHNOLOGY

India’s 1st FSRU “Hoegh Giant” Arrives at Jaigarh Terminal MaharashtraIndia’s first Floating Storage and Regasification Unit (FSRU), Höegh Giant which sailed from Keppel Shipyard, Singapore has arrived at H-Energy’s Jaigarh Terminal in Maharashtra (MH) that has chartered the FSRU for a 10 years.

• This will be the 1st year-round Liquefied Natural Gas (LNG) terminal which is located at JSW Jaigarh Port in the Ratnagiri district, MH.
• The Jaigarh port is the 1st deep water, 24×7 operational private port in MH.

About Höegh Giant:
i.Höegh Giant was built in 2017 with storage capacity of 170,000 cubic metres and installed regasification capacity of 750 million cubic feet per day (that equals to about 6 million tonnes a year).

• The Hoegh Giant, an environment friendly system that is equipped with an open loop system using seawater as heating medium and is paired with propane closed loop intermediate regasification system.

ii.This will deliver regasified LNG to the 56-km long Jaigarh-Dabhol natural gas pipeline, connecting the LNG terminal to the national gas grid.

• The facility also includes the delivery of LNG through truck loading facilities for onshore distribution and also reloads LNG onto small-scale LNG vessels for bunkering services.

About H-Energy:
Headquarters – Mumbai, Maharashtra
Managing Director (MD) & CEO – Darshan Hiranandani

SPORTS

Dubai 2022 World Archery Para Championships: Pooja Jatyan Became 1st Indian to Win Individual Silver in Para Championships

24-year-old Indian Para Archer, Pooja Jatyan (World Rank 21) won the silver medal in Recurve Women Open at the Dubai 2022 World Archery Para Championships (13th edition of the World Archery Para Championships), held at Dubai Club for People of Determination, Dubai, United Arab Emirates(UAE) from 19th to 27th February 2022.

• She became the first Indian to win a silver medal in Individual Category in a Para Championships. Pooja Jatyan hails from Gurugram, Haryana.

Indian compound para archers Shyam Sundar Swami (World Rank 20) and Jyoti Baliyan (World Rank 28) have won silver in the compound mixed team event at the 13th World Archery Para Championships.

OBITUARY

Oscar-winning producer Alan Walbridge Ladd Jr  passes away

The Oscar winning ‘Braveheart’ producer, Former Executive at Twentieth Century Fox greenlit ‘Star Wars’ and  MGM/United Artists,  Alan Walbridge Ladd Junior passed away at the age of 84 years.
i.Alan Walbridge Ladd Jr. was born on 22 October 1937 in  Los Angeles, California, United States (US). He was affectionately known as “Laddie”.
ii.He won the Academy Award (Oscar award) for Best Picture ‘Braveheart’ directed by Mel Gibson in 1995.
iii.He was one of the founders of the Ladd Company, established in 1979.
iv.In 1979 he also greenlit Ridley Scott’s classic sci-fi horror film ‘Alien’– which was also made into a franchise among a few others during his tenure at 20th Century Fox.
Popular movies produced by Alan Walbridge Ladd Junior:

•  Outland (1981),
•  Night Shift (1982), 
• Chariots of Fire (1981), 
• The Right Stuff (1983) 
•  Gone Baby Gone (2007).

IMPORTANT DAYS

World Wildlife Day (WWD) 2022 – March 3

The United Nations(UN)’s World Wildlife Day (WWD) is annually observed across the globe on 3rd March to celebrate and create awareness about the importance of wild fauna and flora.
The Secretariat of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), in collaboration with other relevant UN organizations, facilitates the implementation of World Wildlife Day.

• The theme of World Wildlife Day 2022 is “Recovering key species for ecosystem restoration”.
• The first World Wildlife Day was observed on 3rd March 2014. 

>> Read Full News

World Hearing Day 2022 – March 3

World Hearing Day is annually observed across the globe on 3rd March to raise awareness on the prevention of deafness and hearing loss and promote ear and hearing care across the world.
The theme of World Hearing Day 2022 is “To hear for life, listen with care”.

• Annually, The World Health Organization(WHO) decides the theme and develops evidence-based advocacy materials for World Hearing Day.

About World Health Organization(WHO):
Director-General– Dr Tedros Adhanom Ghebreyesus
Headquarters–  Geneva, Switzerland
>> Read Full News

World Birth Defects Day 2022 – March 3

World Birth Defects Day(WBDD) is annually observed across the world on 3rd March to create awareness about birth defects and to highlight the importance to improve knowledge, prevention and management of these conditions.

• 3rd March 2022 marks the observance of the 7th edition of World Birth Defects Day. The first World Birth Defects Day was observed on 3rd March 2015 with the support of 12 organizations. 
• The theme of WBDD 2022 is “Many births defects, one voice”. 

>> Read Full News

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