Daily Current Affairs 19 April 2023 for Banking/Insurance/SSC and other related exams.
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Indian Navy conducts offshore security exercise ‘Prasthan’ in Mumbai
The Indian Navy conducted the offshore security exercise Prasthan to control contingencies that may occur in oil production platforms. The current exercise was conducted on the Greatdrill Chaaya platform about 30 nm South West of Mumbai harbour.
- The exercise is held every six months to validate measures and procedures to address contingencies that may occur in oil production platforms.
Law Minister Kiren Rijiju releases 1st edition of Dogri version of Constitution of India
Union Minister of Law, Justice and Parliamentary Affairs, Kiren Rijiju released the first edition of the Dogri version of the Constitution of India at University of Jammu.
- The translation of the Constitution into different languages is not a new concept. The Constitution was originally written in English and Hindi and has since been translated into several other languages. The translation of the Constitution into Dogri was a long-standing demand of the people of Jammu and Kashmir, and its release has been welcomed by the people of the state.
Andhra Pradesh govt renames Bhavanapadu as Mulapeta port
Andhra Pradesh government has renamed Bhavanapadu Port in Srikakulam District as Mulapeta Port on a request from the farmers. The Department of Infrastructure & Investment (Ports) issued a memo naming the Bhavanapadu Port as Mulapeta Port, in Srikakulam District.
- The land earmarked for the project belongs to Mulapeta and Vishnu Chakram villages and people from these villages were displaced due to the project, therefore, the request for changing the port name was approved.
India acquires weapons worth $300 mn from US for its Navy
India is moving towards clearing a proposal to buy American weapons including the Hellfire missiles and Mark 54 anti-submarine torpedoes for its MH-60 Romeo multirole helicopters.
- 24 of these choppers have been contracted for by the Indian Navy in a fast-track deal worth over USD 2 billion in 2020 and they have to be equipped with weapons for carrying out operations.
- The proposal for buying the weapons package for the MH-60 Romeo choppers is at an advanced stage in the Defence Ministry and negotiations are also going with the American administration for the USD 300 million deal to be concluded under the Foreign Military Sales route,.
India gives ₹4.09 crore to UN entity for women empowerment
India has made a generous contribution of $500,000 ( ₹4.09 crore) to the United Nations Entity for Gender Equality and the Empowerment of Women, also known as UN Women.
- The cheque was handed over by Ruchira Kamboj, the Permanent Representative of India to the United Nations, towards the Indian government’s contribution to the core voluntary budget of UN Women.
- The donation was received by Sima Sami Bahous, the Under Secretary General and Executive Director of UN Women.
BANKING & FINANCE
UPI most preferred mode for payments in India in 2022: Report
In India, payment modes like UPI, debit and credit cards, and prepaid payment instruments – Mobile and Prepaid cards processed 87.92 billion transactions worth Rs. 149.5 trillion during 2022, according to a new report.
- In terms of UPI, Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share of 40 percent and 44 percent in terms of transactions volume (UPI was 84 percent in total), according to Worldline in its India Digital Payments Annual Report.
- However, in terms of value, Unified Payments Interface (UPI) P2M accounted for 18 percent share whereas UPI P2P accounted for 66 percent of digital transactions by value. P2P transactions are not necessarily payments and can also be potentially money transfers among people.
HDFC Bank launches Regalia Gold Credit Card
HDFC Bank has announced the launch of Regalia Gold Credit Card, its latest entry into the ‘Super Premium Category’ of credit cards. A Regalia Gold credit card will be available to high-income individuals. HDFC bank is targeting a wide range of potential customers such as travellers and lifestyle enthusiasts.
- The card is packed with Best-in-Class Travel and Lifestyle benefits, allowing customers to redeem rewards for global travel and on a collection of premium brands via the exclusive Regalia Gold catalogue.
AU Small Finance Bank enables bill payment via video banking
AU Small Finance Bank (AU SFB) has integrated with the Bharat Bill Payment System (BBPS) to launch bill payment services through video banking.
- The primary aim of this initiative is to promote digital accessibility and enhance economic capability, leading to greater financial inclusions.
- This platform enables customers to pay bills without the need to visit a branch, which is particularly beneficial for those with mobility issues or residing in remote areas and senior citizens.
Utsa Patnaik selected for Malcolm Adiseshiah Award 2023
Utsa Patnaik, a well-known economist of both national and international acclaim, has been chosen for the prestigious Malcolm Adiseshiah Award 2023. The award is presented annually by the Malcolm & Elizabeth Adiseshiah Trust, with outstanding social scientists being recognized by a national-level jury from the nominations received.
- The recipient of the award will receive a citation and a cash prize of ₹2 lakh at a ceremony to be held in Chennai, the date of which will be announced by the Trust soon. In 2022, the award was presented to the Indian economist, Prabhat Patnaik.
SCIENCE & TECHNOLOGY
Kenya launches first operational satellite into orbit
Kenya’s first operational Earth observation satellite, “Taifa-1,” was successfully launched into space, using a rocket from Elon Musk’s rocket company, SpaceX. The launch took place from Vandenberg Base in California. The rocket also carried 50 payloads from different countries, including Turkey, under SpaceX’s rideshare program.
- The Taifa-1 satellite was designed and developed by SayariLabs and EnduroSat over two years at a cost of 50 million Kenyan shillings ($372,000).
- The satellite’s main objective is to collect agricultural and environmental data, including floods, droughts, and wildfires, to help Kenya deal with disaster management and food insecurity.