Daily Current Affairs 14 April 2022 for Banking/Insurance/SSC and other related exams.
Ecuador becomes first country to give legal rights to wild animals
At a time when the world is battling climate change and exploitation of animals, Ecuador, in South America, has made history by becoming the first country to recognise the legal rights of individual wild animals.
- The 7-2 ruling by the top court in the country, handed down last month, is believed to be the first time a court has applied the rights of nature — laws that recognise the legal rights of ecosystems to exist and regenerate — to an animal, a woolly monkey named Estrellita.
UNDP announces $2.2 million in climate action grants for innovators
The United Nations Development Programme (UNDP) and partners of the Adaptation Innovation Marketplace (AIM) have announced $2.2 million in climate action grants for 22 local innovators across 19 countries, including India.
- The first round of funding through the Adaptation Fund Climate Innovation Accelerator (AFCIA) window will enhance local climate action and accelerate the delivery of targets outlined in the Paris Agreement and Sustainable Development Goals.
- The initiative empowers local actors and contributes to the principles for locally led adaptation action, which have been endorsed by UNDP and partners around the world.
BANKING & FINANCE
ADB offers $2 million loan to support urban development projects in Nagaland
The Asian Development Bank (ADB) will provide a $2 million project readiness financing (PRF) loan to Nagaland for urban infrastructure development in the state. The Centre and the Asian Development Bank inked a pact in this regard.
- The loan will be utilised to design climate-resilient urban infrastructure, strengthen institutional capacity and improve municipal resource mobilisation in 16 district headquarter towns in Nagaland.
BUSINESS & ECONOMY
Bharat Petroleum Partners With Microsoft To Step Up Digital Transformation
Bharat Petroleum Corporation Ltd. (BPCL) has entered a seven-year partnership with Microsoft to accelerate its digital transformation and offer an enhanced experience to its customers.
- Microsoft said the services it will provide to BPCL includes infrastructure-as-a-service (IAAS), platform-as-a-service (PAAS), network and security services on the cloud, including Azure native services on Azure data factory, application programming interface (API), internet of things (IoT), and analytics.
Number of patent filings rises to 66440 in FY22
The number of patent filings increased from 42,763 in 2014-15 to 66,440 in 2021-22 due to steps taken by the government to strengthen intellectual property rights (IPR) regime of the country, the commerce and industry ministry said.
- also said India granted 30,074 patents in 2021-22 as compared to 5,978 in 2014-15.
- There has also been a reduction in the time of patent examination from 72 months in 2016 to 5-23 months at present.
- Of the total 19,796 patent applications filed, 10,706 were filed by Indian applicants and 9,090 by non-Indian applicants, it added.
India’s retail inflation rises to 6.95% in March
India’s annual retail inflation shot up to a 17-month high in March while factory output contracted sequentially in February, complicating policy choices for the central bank.
- The data released by the National Statistical Office (NSO) showed that the retail inflation rate rose to 6.95 per cent in March from a year ago, remaining above the tolerance limit of the Reserve Bank of India (RBI) for the third straight month.
- The Index of Industrial Production (IIP), on the other hand, grew 1.7 per cent on an annual basis in February but contracted 4.7 per cent month on month, signalling that economic revival is yet to find a strong footing.
WTO lowers 2022 global trade growth forecast to 3 pc from 4.7 pc
The world merchandise trade volume is expected to grow by 3 per cent in 2022 against the earlier forecast of 4.7 per cent and 3.4 per cent in 2023, mainly due to the ongoing war between Russia and Ukraine, the WTO said.
- Prospects for the global economy have darkened since the outbreak of war in Ukraine on February 24, prompting WTO economists to reassess their projections for world trade over the next two years, the World Trade Organisation (WTO) said.
India’s gold imports surge to $46.14 bn in FY22 on higher demand
India’s gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 33.34 per cent to USD 46.14 billion during the 2021-22 fiscal on account of higher demand, according to official data.
- Gold imports were worth USD 34.62 billion in 2020-21.
- The surge in gold imports during the last financial year contributed to the widening of the trade deficit to USD 192.41 billion, against USD 102.62 billion in 2020-21.
- India is the world’s second-biggest gold consumer after China. The imports are largely driven by the jewellery industry. The gems and jewellery exports during 2021-22 grew by about 50 per cent to about USD 39 billion.
1st Khelo India National Ranking Women Archery held in Jamshedpur
The first Khelo India National Ranking Women Archery held in Tata Archery Academy, Jamshedpur, Jharkhand. The Sports Authority of India (SAI) has approved Rs 75 Lakh to host the Khelo India National Ranking Women Archery Tournament over six phases.
- The six tournaments will be held every alternate month and the final phase will take place in December 2022.
- The tournament will be held across the Recurve and Compound events in the senior, Junior and Cadet Categories, as per the World Archery Rules.
Australia’s Victoria state to host 2026 Commonwealth Games
The Australian state of Victoria has been confirmed as the host of the 2026 Commonwealth Games.
- It will be the first-ever predominantly regional Commonwealth Games with events in several cities and regional hubs including Melbourne, Geelong, Bendigo, Ballarat and Gippsland.
- Australia has hosted five other times.
Netherlands lift fourth FIH Junior Women’s Hockey World Cup title, beating Germany 3-1
The Netherlands lifted their fourth FIH Junior Women’s Hockey World Cup title after beating Germany 3-1 in the final at Potchefstroom, South Africa. Giving an early lead to the Netherlands, Danique van der Veerdonk scored first goal in seven minutes.
- Then, Germany’s Sophia Schwabe equalized the score in 32nd minute. Just after two minutes, Tessa Beetsma restored her Dutch team’s lead to 2-1.
- Beetsma then bagged her brace in 44th minute. With a superb performance, the Netherlands conceded their first goal of the tournament in summit clash.
Iqbal Singh Lalpura re-appointed as Chairman of National Commission for Minorities
The central government re-appointed retired Punjab-cadre IPS officer Iqbal Singh Lalpura as the chairperson of the National Commission for Minorities.
- Lalpura, who was first appointed as chairman in September last year, had to resign from the post in December to contest as the BJP candidate from Ropar assembly constituency, which he lost.
Foreign secretary Shringla named India’s G20 chief coordinator
Foreign secretary Harsh Vardhan Shringla will take over next month as G20 chief coordinator, the government officially announced.
- The appointment is significant as India will assume the G20 presidency on December 1, 2022, from Indonesia, and will convene the G20 Leaders Summit for the first time in India in 2023.
- Shringla will retire on 30th April 2022, handing over charge to foreign secretary-designate V M Kwatra, who is currently India’s ambassador to Nepal. The G20 sherpa will remain to be Piyush Goyal, the Indian Commerce Minister.
The top 10 busiest airports in the world revealed – ACI World
The Airports Council International (ACI) World published the names of top 10 busiest airports worldwide for 2021.The reports shows encouraging signs of traffic recovery as many previous busiest airports re-join top ranks.The world airport rankings are based on an initial collection of 2021 global statistics from airports worldwide.
- Hartsfield-Jackson Atlanta International Airport (ATL, 75.7 million passengers, +76.4%) is back at the top of 2021 rankings, followed by Dallas/Fort Worth International Airport (DFW, 62.5 million passengers, +58.7%), and Denver International Airport (DEN, 58.8 million passengers, +74.4%). After reaching the top rank in 2020, Guangzhou Baiyun International Airport (CAN, 40.3 million passengers, -8.0%) slid to the eighth position in 2021.Eight of the top 10 airports for passenger traffic are in the United States with the two remaining in China.
- In the International Passengers category, the top three positions were bagged by Dubai (DXB), Istanbul (IST), and Amsterdam (AMS).
- Air cargo volumes at the top 10 airports, representing collectively around 25% (34.2 million metric tonnes) of the global volumes in 2021, gained 12.4% in 2021 year-over-year (or 15.0% compared to 2019 results).Hong Kong International Airport (HKG, 5.0 million metric tonnes, +12.5%) gained back the top rank and Memphis International Airport (MEM, 4.5 million metric tonnes, -2.9%) went back to second position, followed by Shanghai Pudong International Airport (PVG, 4.0 million metric tonnes, +8.0%) in third.
Falguni Nayar wins EY Entrepreneur of the Year Award 2021
Founder and CEO of Nykaa, Falguni Nayar has been named the EY Entrepreneur of the Year 2021 and she will now represent India at the EY World Entrepreneur of the Year Award (WEOY) on June 9, 2022, the consulting firm said.
- Nayar, who has won many accolades, since Nykaa’s listing on the exchanges, recently was also announced as the wealthiest new entrant in the Hurun Global Rich List 2022. In 2019, she was the recipient of the EY Entrepreneur of The Year Award in the Start-up category.
- Among other winners were A M Naik, Group Chairman, Larsen & Toubro, who was felicitated with the Lifetime Achievement Award.
Other winners are
- Start-up: Vidit Aatrey, Co-founder & CEO and Sanjeev Barnwal, Co-founder & CTO, Fashnear Technology (Meesho)
- Business Transformation: Abhay Soi, Chairman and Managing Director, Max Healthcare
- Manufacturing: Sunil Vachani, Founder and Executive Chairman, Dixon Technologies
- Services: Sahil Barua, Co-founder and CEO, Delhivery
- Consumer Products & Retail: Shiv Kishan Agarwal, Chairman; and Manohar Lal Agarwal, Chairman and Managing Director respectively, Haldiram Group
- Life Sciences & Healthcare: Dr. Satyanarayana Chava, Founder and CEO, Laurus Labs
- Financial Services: Harshil Mathur, Co-founder and CEO; and Shashank Kumar, Co-founder and CTO, Razorpay
- Technology, Media and Telecom: Girish Mathrubootham, Co-founder and CEO, Freshworks
- Entrepreneurial CEO: Vivek Vikram Singh, Managing Director and Group CEO, Sona Comstar
NMDC Wins two Awards at 80th SKOCH Summit 2022
The largest iron ore producer of India, National Mineral Development Corporation (NMDC), under Ministry of Steel awarded one gold and one silver award in the 80th SKOCH Summit and SKOCH Awards recently conducted by SKOCH, New Delhi. The theme for the SKOCH Summit was ‘State of BFSI & PSUs’.
- NMDC won the Gold Award in the category social responsibility for the project ‘Promotion of Technical Education & Skill Development in Dantewada District through NMDC ITI Bhansi’ and the Silver Award in the category digital inclusion for the ‘Project Kalpataru’ for ERP implementation.
- In addition to above, NMDC also received the 3 SKOCH – Order of Merit Awards for its exemplary efforts in ensuring seamless digitalization in Project Kalpataru, for its expansive CSR efforts in promoting technical education and skill development in the remote districts of Dantewada and “Project Safety First” in the category Response to COVID.
After Hyderabad, Mumbai Recognised As A ‘Tree City Of The World’
The Arbor Day Foundation, in collaboration with the Food and Agriculture Organisation (FAO) of the United Nations, has declared Mumbai as the ‘Tree City of the World 2021’. After the announcement, Mumbai is now the second Indian city to .ihywqede ahone the title.
- The first city was Hyderabad which bagged the title two years in a row.
- The initiative, started by The Arbor Day Foundation and FAO, first recognised a total of 68 cities from 17 countries and commended them for their commitment to planting and fostering trees. In 2020, this number grew to 120 cities from 23 countries.
Divyanka Tripathi Dahiya honoured with the Champion of Change Award 2021 in Madhya Pradesh
Actress Divyanka Tripathi was honoured with Champion Of Change Award for her phenomenal work as an artist. The actress was awarded by the government of Madhya Pradesh.
- Divyanka received the award from state’s Governor Shri Mangubhai Patel and Chief Minister Shri Shivraj Singh Chouhan. She was awarded the title in the presence of her husband Vivek Dahiya and her family.
SCIENCE & TECHNOLOGY
India’s space debris back to levels before 2019 anti-satellite test, lowest among major space-faring nations
The debris created by India’s anti-satellite test in March 2019 seems to have all decayed or disintegrated, and India’s contribution to space debris has fallen to the lowest levels in the last four years, latest data shows.
- There are thousands of big and small unwanted objects floating in the space — out-of-operation satellites and its fragments, the remains of rocket and its parts, and other kinds of junk – that are collectively referred to as space debris.
- The pieces, moving at very high speeds just like every other object in space, are considered threat to functional satellites and other space assets. A collision with even a milimeter-sized space debris can destroy satellites or render them useless.
103 years of Jallianwala Bagh Massacre
The Jallianwala Bagh massacre took place 103 years ago (April 13, 1919). According to British government records, 379 people including men, women, and children were killed while 1,200 were injured in the indiscriminate firing ordered by Colonel Reginald Dyer.
- The Jallianwalabagh garden has been converted into a memorial. And thousands of people on this day come to pay their respects to the martyred men, and women, who were killed on that fateful day for the nation.