Daily Current Affairs 20th May, 2022

Daily Current Affairs 20 May 2022 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

India’s cancer burden to rise to 29.8 million in 2025
The number of Indians suffering from cancer is projected to increase to 29.8 million in 2025 from 26.7 million in 2021. The highest incidence last year was in the North (2,408 patients per 100,000) and the Northeast (2,177 per 100,000). It was higher among men.

  • According to a report by the Indian Council for Medical Research on the ‘Burden of cancers in India’, seven cancers accounted for more than 40% of the total disease burden: lung (10.6%), breast (10.5%), oesophagus (5.8%), mouth (5.7%), stomach (5.2%), liver (4.6%) and cervix uteri (4.3%).
  • Explaining the 2021-2025 projections, Dr Prasant Mathur, Director, National Centre for Disease Informatics and Research (NCDIR) said men will contribute to 14.7 million Years of Life Lost (YLLs), 0.72 million Years Lived with Disability (YLDs) and 15.5 million Disability Adjusted Life Years (DALYs) in 2025. The figure for women will be 13.6 million YLLs, 0.69 million YLDs and 14.3 DALYs.

NIELIT Centre inaugurated at Leh by Shri Ashwini Vaishnaw
Ashwini Vaishnaw, Union Cabinet Minister of Electronics & Information Technology, Communications and Railways virtually inaugurated National Institute of Electronics and Information Technology (NIELIT) Centre Leh, Extension Centre Kargil and IT Enabled Incubation Centre for Handicraft and Handloom Sector.

  • Union Minister, Sh. Ashwini Vaishnaw, while inaugurating the NIELIT Centres at Leh, Kargil and Incubation Centre at Leh, reiterated the commitment of the Hon’ble Prime Minister for the development of UT of Ladakh.
  • He informed that after the abrogation of Article 370 and the formation of the new UT, the path of development in this area has opened manifolds. Any proposal related to IT Education, Training, and Incubation for the development of UT of Ladakh will be approved immediately by the Ministry of Electronics and Information Technology.


INTERNATIONAL NEWS

UN lists Pakistan among 23 drought-hit countries 
The United Nations has listed Pakistan among 23 countries which are facing drought emergencies.

  • According to the report released by the United Nations Convention to Combat Desertification (UNCCD) stated that 23 countries including Pakistan have experienced drought emergencies in the last two years.
  • The 22 other countries apart from Pakistan listed in this UN report include Afghanistan, Angola, Brazil, Burkina Faso, Chile, Ethiopia, Iran, Iraq, Kazakhstan, Kenya, Lesotho, Mali, Mauritania, Madagascar, Malawi, Mozambique, Niger, Somalia, South Sudan, Syria, US and Zambia.


BANKING & FINANCE

BIAL partners with Kotak Mahindra Bank, Phi Commerce to facilitate one-stop payment solution
Bangalore International Airport Ltd (BIAL) has partnered with Kotak Mahindra Bank and digital payment firm Phi Commerce to facilitate a one-stop omnichannel payment solution at Kempegowda International Airport. Designed specifically for the airport, the solution will enable a secure, scalable, and unified payment experience.

  • It will power B2B and B2C payments across channels – both online and offline, BIAL said.
  • The company said it will facilitate transactions across the domestic terminal, international terminal, airport city, concert arena, airport hotels, retail, recreation, dining, entertainment destination, airport parking, cargo and BIAL subsidiaries.


BUSINESS & ECONOMY

Forex reserves fall by $28.05 bn in September-March: RBI report
The country’s foreign exchange reserves declined by $28.05 billion to $607.31 billion at the end of March this year from $635.36 billion at the end of September 2021, according to an RBI report.

  • Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure.

S&P cuts India’s growth forecast for FY23 to 7.3%
S&P Global Ratings slashed India’s growth forecast to 7.3 per cent from 7.8 per cent for FY23 on rising inflationary pressure and longer-than-expected Russia-Ukraine war.

  • The rating agency increased its inflation forecast for India by 90 basis points (bps) to 6.3 per cent for the current fiscal year.
  • The rating agency also pared US growth forecast for 2022 by 80 bps to 2.4 per cent while China’s growth projection now stands at 4.2 per cent, down 70 bps from the March estimate.


ACQUISITIONS & MERGERS

Ruchi Soya acquires Patanjali Ayurveds food business for Rs 690 crore
Edible oil major Ruchi Soya has announced it’s  acquiring the food business of Patanjali Ayurved for around Rs 690 crore. This is expected to fast-track Ruchi Soya’s shift to the fast-moving consumer goods (FMCG) category.

  • The name of Ruchi Soya Industries Ltd will be changed to Patanjali Foods Ltd after regulatory approvals.
  • The acquired food business consists of 21 products including ghee, honey, spices, juices and flour.


SPORTS

Quinton de Kock and KL Rahul set new IPL record for highest opening wicket partnership
Quinton de Kock provided a batting masterclass enroute to a sensational hundred and alongside skipper K L Rahul, fired Lucknow Super Giants to 210 for no loss against Kolkata Knight Riders in the Indian Premier League.

  • Both Rahul and de Kock got the measure of the wicket in the powerplay, reaching 44 for no loss, before flaunting their wide range of strokes on way to their unbeaten 210-run stand, the highest ever opening partnership in the history of the tournament.
  • The South African hammered 10 sixes and as many fours in his 70-ball unbeaten 140, while Rahul collected four sixes and three fours in his 51-ball 68 not out.

Tamil Nadu to host 44th Chess Olympiad
The 44th Chess Olympiad will be held at Mahabalipuram, near Chennai from July 28 to August 10. To celebrate the occasion, the All-India Chess Federation (AICF), through all the state chess associations and with the support of the Government of Tamil Nadu has plans to popularise chess at grass root level all over India by organising chess tournaments for school children.

  • The state-level tournament is meant for school children below 15 years of age, will be held for boys and girls, for two days in each state. Tamil Nadu being the host state has the privilege of organising the district level tournaments in all the districts separately.


APPOINTMENTS

BSE appoints former RBI deputy governor S S Mundra as a chairman
Leading stock exchange BSE Limited announced that it has approved the appointment of SS Mundra, Public Interest Director as the Chairman of the board of directors of the company.

  • Mundra will replace Justice Vikramajit Sen who is the current chairman.
  • Mundra was appointed as Public Interest Director at BSE in January 2018. He retired as Deputy Governor of the Reserve Bank of India on 30th July 2017.

Delhi LG Anil Baijal submits resignation to President Kovind
Delhi lieutenant governor (L-G) Anil Baijal resigned citing personal reasons, sources said, adding that he has submitted the resignation to President Ram Nath Kovind.

  • Baijal, who took over office on December 31, 2016, after the sudden resignation of Najeeb Jung, has served a long tenure of more than five years and four months.

Airtel re-appoints Gopal Vittal as MD and CEO for 5 years
Bharti Airtel, India’s no. 2 telco, said that its board has reappointed Gopal Vittal as Managing Director & CEO for a further period of five years ending on January 31, 2028.

  • The reappointment came on a day the telco posted a consolidated net profit at Rs 2,007.8 crore in the March quarter, up 141% sequentially and 164% on the year. Analysts had an estimated net profit of around Rs 1,970 crore. This was Airtel’s sixth successive quarter in the black after six straight losses earlier


AWARDS

Indian Education Organisations Shortlisted for UK Awards
A London-based organisation assisting Indian students with their needs in a foreign country, including during the pandemic lockdowns, and a New Delhi-based artificial intelligence (AI) enabled education marketplace are among worldwide educational bodies shortlisted for prestigious higher education awards in the UK. 

  • The National Indian Students and Alumni Union (NISAU) UK is in the running in three categories of the 2022 PIEoneer Awards, as Association of the Year, Student Support Award and Outstanding Contribution to the Industry for its founder and chair Sanam Arora.
  • NISAU has been shortlisted alongside various longstanding, institutional global sector representative organisations, such as the Universities UK International, which represents 140 universities in the UK; Colleges and Institutes Canada (CICan), Canada, which represents Canadian public colleges and institutions; and English Australia, which represents 120 Australian colleges.

KVG Bank bags PFRDA awards 
Karnataka Vikas Grameen Bank (KVGB), a regional rural bank headquartered in Dharwad, has bagged five awards (Lead to Leap, APY Makers of Excellence, Game Changers, Leadership Capital and Amazing Achievers) under various campaigns held for enrolment of Atal Pension Yojana (APY) from the Pension Fund Regulatory and Development Authority (PFRDA).

  • The bank is playing a pivotal role in implementation of social security schemes such as Atal Pension Yojana (APY), Prime Minister Jeevan Jyothi Bima Yojana (PMJJBY), and Prime Minister Suraksha Bima Yojana (PMSBY).
  • The bank enrolled 78,129 policies under PMJJBY, 94,658 policies under PMSBY, and 68,961 accounts under APY during the financial year 2020-21.

Cameroonian activist wins Wangari Maathai Forest Champions’ Award 2022
Cameroon Activist, Cécile Ndjebet has won the 2022 Wangari Maathai Forest Champions Award in recognition of her outstanding contribution to preserving forests and improving the lives of people who depend on them.

  • This award celebrates Cécile Ndjebet’s energy and dedication over three decades to promoting women’s rights to land and forests. She has actively shown that women’s participation in forest governance and preservation is fundamental to achieving sustainable forest management.

Ajay Piramal receives Order of the British Empire award
Ajay Piramal, Chairman of the Piramal Group, has received an honorary Commander of the Order of the British Empire (CBE) by Her Majesty The Queen.

  • He received the award for services to the UK-India trade relationship as India Co-Chair of the UK-India CEO Forum.
  • As co-chair of the India-UK CEO forum since 2016, the endeavour has been to help strengthen the strong bilateral relations between the two countries through greater economic cooperation.


SCIENCE & TECHNOLOGY

PM inaugurates country’s first 5G testbed 
Prime Minister Narendra Modi inaugurated the country’s first 5G testbed that will enable start-ups and industry players to test their products locally, thereby reducing dependence on facilities abroad.The testbed has been set up at a cost of around Rs 220 crore. 

  • Speaking at the silver jubilee celebrations of the Telecom Regulatory Authority of India (Trai), the Prime Minister said the 5G testbed is an important step for self-reliance in the direction of critical and modern technologies.
  • Addressing the event, PM Modi said in the eight years that his government has been in power, India has, through 5Rs, infused new energy in its telecom sector.

ISRO plans to build two satellites, DISHA-L&H, to study upper atmosphere
Indian space agency, ISRO will build an identical pair of satellites for studying the earth’s upper atmosphere, said officials.

  • The twin satellites named DISHA (Disturbed and quiet time Ionosphere-thermosphere System at High Altitudes) will be launched in the low earth orbit – about 500 km above earth – to study the physics and chemistry of the upper atmosphere, said Shantanu Bhatawdekar, Scientific Secretary, Indian Space Research Organisation (ISRO).
  • The two satellites will carry identical payloads while one will be placed at higher inclination DISHA – H and the other DISHA – L at a lower inclination to the equator, Bhatawdekar said. The data generated by the proposed ISRO’s solar mission Aditya 1 and by DISHA satellites would help to understand the Sun-Earth linkages.


ENVIRONMENT 

Nanjarayan Tank to become TN’s 17th bird sanctuary
Minister for Forests K Ramachandran announced in the Assembly that the Nanjarayan Tank in Tiruppur district will be turned into a bird sanctuary at a cost of Rs 7.5 crore and slender loris sanctuaries will be established in Dindigul and Karur districts, with Rs 5 crore being allocated for the project.

  • To increase the number of bird sanctuaries in the State and utilise the potential of Nanjarayan tank, which is home to about 130 species, the tank would become the State’s 17th bird sanctuary. Besides, steps would be taken to set up the Cauvery South Wildlife Sanctuary adjacent to the Cauvery North Wildlife Sanctuary.


BOOKS & AUTHORS 

HarperCollins India to publish Preeti Shenoy new novel, ‘A Place Called Home’
Bestselling author Preeti Shenoy is set to publish a new novel titled “A Place Called Home”, a story set in a coffee estate in Sakleshpur, Karnataka with a strong female protagonist at its core.

  • The new novel is about secrets, family, and finding yourself.
  • The book published by HarperCollins Publishers India is set to be released in June 2022.


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