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Our Current Affairs December 2022 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.
- The Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal has recently (in June ‘23) flagged off India’s maiden International Cruise Vessel – MV Empress – from Chennai, Tamil Nadu (TN) to _________ (country).
1) Maldives
2) Mauritius
3) Singapore
4) Indonesia
5) Sri LankaAnswer-5) Sri Lanka
Explanation:
The Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal flagged off India’s maiden International Cruise Vessel – MV Empress – from Chennai to Sri Lanka in Chennai, Tamil Nadu(TN). It is built at a cost of Rs.17.21 crores.
i. The cruise service is the result of a Memorandum of Understanding (MoU) signed during the first Incredible India International Cruise Conference in 2022 between Chennai Port and M/S Waterways Leisure Tourism Pvt Ltd to start domestic and international cruise service.
• The modern cruise terminal developed at Chennai Port is spread over an area of 2,880 square metres with the ability to host 3,000 passengers at a time.
• The cruise service will go to three ports in Sri Lanka, Hambantota, Trincomalee and Kankekanturi. - In June 2023, the Central government constituted a peace committee in Manipur under the chairmanship of _______________.
1) Sushri Pratima Bhoumik (Mos of Social Justice and Empowerment)
2) N. Biren Singh (Chief Minister of Manipur)
3) Nityanand Rai (Mos of Home Affairs)
4) Anusuiya Uikey (Governor of Manipur)
5) Ajay Kumar (Mos of Home Affairs)Answer-4) Anusuiya Uikey (Governor of Manipur)
Explanation:
Government of India has constituted a Peace Committee in Manipur under the Chairpersonship of the Governor of Manipur (Incumbent Anusuiya Uikey).
i. The members of the committee include the Chief Minister, a few ministers in the state government, MP, MLAs and leaders from political parties, former civil servants, educationists, litterateurs, artists, social workers and representatives of different ethnic groups.
ii. Aim: To facilitate the peace-making process among various ethnic groups of the State, between conflicting groups and strengthen social cohesiveness, mutual understanding and facilitate cordial communication.
Note- On May 3, 2023, Violence broke out in Manipur after a ‘Tribal Solidarity March’ was organised in the hill districts to protest against the Meitei community’s demand for Scheduled Tribes (ST) status. - Which insurance company has recently (inJune ‘23) received the Certificate of Registration (CoR) from the Insurance Regulatory and Development Authority of India (IRDAI) to carry out life insurance business in India.
1) IndiaFirst Life Insurance
2) Kotak Mahindra Life Insurance
3) Go Digit Life Insurance
4) Max Life Insurance
5) Exide Life InsuranceAnswer-3) Go Digit Life Insurance
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) granted the Certificate of Registration (CoR) to Go Digit Life Insurance Limited (Go Digit) to carry out life insurance business in India.
• The approval brings the total number of insurers in the Indian life insurance segment to 26.
i. Go Digit is backed by Canadian billionaire Prem Watsa’s Fairfax Financial Holdings. - In June 2023, Public Enterprises Selection Board (PESB) recommended _________ for the post of Chairman and Managing Director (CMD) of Container Corporation of India Limited (CONCOR).
1) Satendra Kumar
2) Manoj Kumar Dubey
3) Ajit Kumar Panda
4) Sanjay Swarup
5) Amrendra Kumar ChandraAnswer-4) Sanjay Swarup
Explanation:
On 7th June 2023, the Public Enterprises Selection Board (PESB) recommended Sanjay Swarup for the post of Chairman and Managing Director (CMD) of Container Corporation of India Limited (CONCOR), Public Sector Undertaking (PSU) under the Ministry of Railways.
• Currently, Sanjay Swarup is serving as the Director (International Marketing & Operations) at CONCOR, India’s biggest rail hauler of containers.
i. The recommendation of PESB is yet to be signed off by the Appointments Committee of the Cabinet (ACC).
ii. V Kalyana Rama, the current CMD, is set to step down from the role in September 2023. - Which country has recently (in June ‘23) elected Edgars Rinkevics as the 11th President?
1) Slovakia
2) Austria
3) Belarus
4) Lithuania
5) LatviaAnswer-5) Latvia
Explanation:
On 31st May 2023, The Saeima, the Parliament of Latvia (one of the three Baltic States) elected Edgars Rinkevics(49 years old), who has been serving as the Minister of Foreign Affairs since 2011, as the 11th President of Latvia since 1918.
i. Edgars Rinkevics will serve a 4-year term as the president of Latvia succeeding Egils Levits, the current president of Latvia(2019-2023).
• Edgars Rinkevics is expected to be sworn in on 8th July 2023.
• Edgars Rinkevics will also become the first openly gay president in Latvia. - In June 2023, the Canada Pension Plan Investment Board (CPPIB) sold around 3.3 crore shares or 1.77 % of the equity of __________ (Bank) through open market transactions.
1) HDFC Bank
2) Kotak Mahindra Bank
3) ICICI Bank
4) Axis Bank
5) YES BankAnswer-2) Kotak Mahindra Bank
Explanation:
On 9th June 2023, Canada Pension Plan Investment Board (CPPIB) sold around 3.3 crore shares or 1.77 % of the equity of Kotak Mahindra Bank Limited(KMB) through open market transactions. The shares were sold at an average price of Rs 1855.64, the total deal value was Rs 6,123.6 crore.
i. Around 2.2 crore shares were sold at Rs 1,855 each, while another block of 1.09 crore shares were traded at Rs 1,864.15.
ii. CPPIB has been a long-term investor in the KMB and raised its stake from 4.9% at the end of March 2016, to 6.26% at the end of March 2018. - In which company, the Life Insurance Corporation of India(LIC) has recently (in June ‘23) increased its stake to 8.68% from 6.68%?
1) GAIL (India) Limited
2) Oil and Natural Gas Corporation
3) Steel Authority of India Limited
4) Coal India Limited
5) Indian Oil Corporation LimitedAnswer-3) Steel Authority of India Limited
Explanation:
Life Insurance Corporation of India (LIC) has increased its stake in Steel Authority of India Limited (SAIL), a Maharatnas Central Public Sector Enterprises (CPSE) under the Ministry of Steel, by 2.001% (8.26 crore shares) through an open market acquisition, at an average price of Rs 66.18 per unit.
• With this acquisition, LIC has raised its stake from 6.68% to 8.68%.
i. LIC brought these shares between 14th October 2022 and 8th June 2023 for about Rs 547 crore. - In June 2023, Life Insurance Corporation of India (LIC) reduced its stake in NHPC Limited to ________ in the March quarter from 3.48% in the preceding quarter.
1) 3.19%
2) 3.07%
3) 3.27%
4) 3.10%
5) 3.34%Answer-1) 3.19%
Explanation:
Life Insurance Corporation of India (LIC) reduces its stake in NHPC Limited (erstwhile National Hydroelectric Power Corporation) to 3.19% in the March quarter from 3.48% in the preceding quarter.
i. LIC sold shares worth Rs 832.8 crore (202.6 million shares of NHPC at an average price of Rs 41.10) between October 18, 2022 and May 23, 2023.
ii. It disclosed that its ownership in NHPC Ltd has decreased from 522.6 million(5.203%) to 319.9 million shares(3.19%). - Name the company that has recently (in June ‘23) signed a contract with Indian Army for the indigenously-developed “Tactical LAN (Local area network) Radio” to provide reliable and interference-free communication.
1) Orient Technologies Pvt. Ltd
2) INI Technologies Private Limited
3) Savex Technologies Pvt Ltd
4) XtraNet Technologies Private Limited
5) Astrome Technologies Private LimitedAnswer-5) Astrome Technologies Private Limited
Explanation:
On 9th June 2023, the Indian Army signed a contract with Astrome Technologies Private Limited, Bengaluru (Karnataka)-based start-up company to procure the indigenously-developed “Tactical LAN (Local area network) Radio” for reliable and interference-free communication in remote and difficult terrain.
i. It is the second procurement contract that the Indian Army has signed in order to furthering its commitment to the “Make in India” Campaign through Innovations for Defence Excellence (iDEX).
ii. Tactical LAN Radio is a state of the art high bandwidth backhaul wireless radio equipment designed to provide reliable and fail-safe communication.
iii. The Astrome technology company has also developed ‘GigaMesh’, an innovative wireless product to solve internet woes of rural parts of India. - In June 2023, the first Ammunition Cum Torpedo Cum Missile (ACTCM) Barge of the series LSAM 15 (Yard 125) was delivered to the Indian Navy (IN) at the Naval Armament Depot (NAD), Karanja, in _________.
1) Kolkata, West Bengal
2) Mumbai, Maharashtra
3) Chennai, Tamil Nadu
4) Visakhapatnam, Andhra Pradesh
5) Panaji, GoaAnswer-2) Mumbai, Maharashtra
Explanation:
On 9th June 2023, the first Ammunition Cum Torpedo Cum Missile (ACTCM) Barge of the series LSAM 15 (Yard 125) was delivered to the Indian Navy (IN) at the Naval Armament Depot (NAD), Karanja, Mumbai, Maharashtra.
i. The Contract for the construction of 11 ACTCM Barge was concluded with M/s Suryadipta Projects Pvt Ltd, Thane(Maharashtra), a Micro, Small & Medium Enterprise (MSME), in consonance with “Aatmanirbhar Bharat” initiatives of the Government of India.
ii. The Barge was built under the classification rules of the Indian Register of Shipping (IRS) with a service life of 30 years.
- The Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal has recently (in June ‘23) flagged off India’s maiden International Cruise Vessel – MV Empress – from Chennai, Tamil Nadu (TN) to _________ (country).
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