Here is the Daily Current Affairs Update of 03rd February 2022 covering the following news headlines: Khelo India Scheme, NIELIT, National Land Monetisation Corporation, IIT Dharwad, Torgya Festival, Crisil report.
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Top 15 Daily Current Affairs Updates: National & International News
Here is providing below the top 15 important Daily General Knowledge GK 2021 updates with national & international news.
National News
1. GoI setting up National Land Monetisation Corporation
- According to Economic Survey, the government is setting up the National Land Monetisation Corporation (NLMC) to carry out the monetization of the land and other non-core assets.
- The initial authorized share capital of NLMC will be Rs 5000 crores and subscribed share capital of ₹150 crores. So far, CPSEs have referred 3,400 acres of land and other non-core assets for monetization from CPSEs including MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, Instrumentation Ltd.
International News
2. Dubai will launch World’s first Hydrogen-powered Flying Boat ‘The Jet’
- Dubai firm, THE JET ZeroEmission announced the launch of the World’s first hydrogen-powered flying boat ‘THE JET’ in Dubai, United Arab Emirates.
- ‘THE JET’ features cutting-edge characteristics and technologies, making it capable of flying in silence over the waters at a cruising speed of 40 knots and also has a capacity of carrying 8-12 passengers.
State News
3. Torgya Festival celebrated in Arunachal Pradesh 2022
- The three days long Torgya Festival of the Monpa tribal community of Arunachal Pradesh is celebrated at Tawang Monastery, Arunachal Pradesh. The main attraction of the festival is the ‘Sha-na Cham’, the ritual dance performed by monks to showcase the Choe-Gyal Yap & Yum Tsa-Munde deity.
Appointments News
4. Dr. Madan Mohan Tripathi joins as Director-General, NIELIT
- Dr. Madan Mohan Tripathi has joined as Director-General of the National Institute of Electronics & Information Technology (NIELIT). Before joining NIELIT, Dr Madan Mohan Tripathi was working as Professor at Delhi Technological University (DTU), New Delhi.
- In DTU he also worked as Director Internal Quality Assurance Cell (IQAC) and Coordinator of Intellectual Property Rights Cell. National Institute of Electronics & Information Technology (NIELIT) is an autonomous body under the Ministry of Electronics & Information Technology (MeitY), Government of India.
Agreements News
5. Vedanta tied up with Union Bank of India to take over syndicated facility
- Vedanta Ltd has tied up a facility of Rs 8,000 crores (replacement facility) with Union Bank of India at 7.75% to take over the majority of the syndicated facility after discussions with lenders.
- During 2020, amid the COVID-19 pandemic, Vedanta Ltd had tied up a syndicated facility of ₹10K crores with the State Bank of India as the lead bank at a running cost of 10.5 per cent.
Economy News
6. Crisil Report: India’s GDP expected to grow 7.8% in FY23
- Domestic rating agency CRISIL has estimated FY23 real GDP growth at 7.8 per cent as compared with the 8.5 per cent projected in the Economic Survey. Estimating the growth to slow to 7.8 per cent in FY23 from the 9.2 per cent in FY22.
- Finance Minister Nirmala Sitharaman’s Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation are aimed in the right direction.
7. NSO First Revised GDP estimates FY21: Indian economy contracts by 6.6%
- The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2020-21.
- The National Statistical Office recently released the first revised GDP estimates for the fiscal year 2021. According to the estimates, the GDP contracted by 6.6%. Earlier, the GDP had contracted by 7.3%. The contraction is mainly due to the COVID pandemic and the lockdown imposed.
Banking News
8. Banks to transfer 15 NPA accounts worth Rs 50,000 crores to NARCL in FY22
- As per SBI Chairman Dinesh Kumar Khara, National Asset Reconstruction Company Ltd (NARCL) or bad bank and IndiaDebt Resolution Company Ltd (IDRCL) are ready to commence operations.
- A total of 38 Non-Performing Asset (NPA) accounts worth Rs 82,845 crore have been identified to be transferred to NARCL initially. In Phase I, 15 stressed assets (i.e. Non-Performing Asset accounts) worth Rs 50,000 crore will be transferred to NARCL in the current financial year. Public Sector Banks have taken a majority stake in NARCL, IDRCL will be majorly owned by private sector banks.
Business News
9. Sony buys ‘Destiny’ game developer Bungie for $3.6 billion
- Sony Group Corp. is purchasing Bungie Inc., the U.S. video game developer behind the popular Destiny and Halo franchises, for $3.6 billion to bolster its stable of game-making studios.
- The deal announced by Sony Interactive Entertainment is the third significant video-game acquisition this month, following Microsoft Corp.’s purchase of Activision Blizzard Inc. for $69 billion two weeks ago and Take-Two Interactive Corp. snagging mobile game leader Zynga Inc. on Jan. 10.
Ranks and Reports News
10. Brand Finance report: LIC 10th most valued insurance brand globally
- As per a brand valuation report released by Brand Finance, Life Insurance Corporation has been ranked at 10th in the list of insurance brands globally. LIC is the only Indian insurance company in the top 10 list.
- LIC has a valuation of USD 8.656 billion (around Rs 64,722 crore). Of the top 10, as many as 5 are Chinese insurance companies, with by Ping An Insurance emerging as the world’s most valuable insurance brand, despite recording a 26 per cent drop in brand value.
Science and Technology News
11. Global Center of Excellence in Affordable and Clean Energy launched in IIT Dharwad
- The Global Center of Excellence in Affordable and Clean energy was recently launched at IIT Dharwad. The center will enhance the research in affordable and clean energy. The center will create, incubate technologies, physical infrastructure. Also, it will create clean energy solutions.
- The solutions will target on livelihoods of rural communities. The center is to be supported by CSR funds. CSR is Corporate Social Responsibility. The CSR funds are to come from HHSIF.
Sports News
12. Khelo India Scheme Allocation Increases by 48% in Budget
- The Government has decided to continue the scheme of ‘Khelo India – National Programme for Development of Sports’ over the 15th Finance Commission Cycle — 2021-22 to 2025-26 — at an outlay of Rs 3165.50 crore.
- Khelo India Scheme Allocation increases by 48 per cent in Budget 2022 and includes it in the Prime Minister’s Award Scheme.”
Books and Authors News
13. India’s 1st-ever season style book written by Akash Kansal
- India’s first-ever season style book titled ‘The Class of 2006: Sneak Peek into the Misadventures of the Great Indian Engineering Life’, written by Akash Kansal a management professional.
- The book was virtually launched at one of the biggest book launch ceremonies at IIT Kanpur, & Delhi Technological University. “The Class of 2006” consists of 18 different episodes that recall the times spent in College.
- The book was released on Amazon Kindle by R. Madhavan, an Indian film actor, writer, director, and producer. ‘The Class of 2006: Sneak Peek into the Misadventures of the Great Indian Engineering Life’ consists of 18 different episodes, each with a Learning Box, and is definitely a good read to reminisce the times spent in college, especially for MBA, Engineering college students and aspirants.
Obituaries News
14. Actor & filmmaker Amitabh Dayal passes away
- Actor and filmmaker Amitabh Dayal has passed away after suffering a heart attack at the age of 51. Dayal has worked in films like Kagaar: Life on the Edge (2003) with Om Puri, Bhojpuri film Rangdari (2012) and Raj Babbar’s Dhuaan (2013), Amitabh Bachchan’s Virrudh (2005).
- He also worked on P. Akash’s Dillagi…Yeh Dillagi (2005), the film started Dharmendra, Rati Agnihotri and Kapil Dev, but never saw light of the day.
Miscellaneous News
15. Sanctuaries in Gujarat, Uttar Pradesh listed as Ramsar sites
- The Khijadiya Bird Sanctuary near Jamnagar in Gujarat and Bakhira Wildlife Sanctuary in Uttar Pradesh have been listed as Wetlands of International Importance by the Ramsar Convention.
- With this, the total number of Ramsar sites in India goes up to 49. Khijadiya has become the fourth wetland of Gujarat to get the Ramsar tag. Nalsarovar Bird Sanctuary, Thol Wildlife Sanctuary and Wadhwana wetland are the other Ramsar sites in the state. The last two were included in April last year.
