Daily Current Affairs 21st May, 2022

Daily Current Affairs 21 May 2022 for Banking/Insurance/SSC and other related exams.


GeM inks MoU with Self Employed Women’s Association
Government eMarketplace, GeM and Self-Employed Women’s Association, SEWA inked a Memorandum of Understanding for the advocacy, outreach, mobilization and capacity-building of last-mile women-led micro and small enterprises, women entrepreneurs, SHGs, Associations, Cooperatives, Collectives, Not-for-Profit Section-8 Companies and various voluntary organizations as sellers and service providers in public procurement.

  • GeM will train SEWA members to assist and enable women-led micro and small enterprises, women entrepreneurs, SHGs among others, with GeM processes related to seller registration and on-boarding on the platform, upload or update of product or service catalogues, acceptance of orders, participation in bids floated by Government buyers, fulfillment of orders and invoice generation to receive payments directly into their bank accounts through the unified online national public procurement platform.

National Mission for Clean Ganga approves 11 projects worth Rs 660 crore
Executive Committee of National Mission for Clean Ganga has approved 11 projects with an estimated cost of around 660 crore rupees. 

  • Several projects for different parts of the country were approved during the meeting. In addition to this, two projects of River Front Development in Badrinath were also given a go ahead.

Union Minister Bhupender Yadav addresses 8th BRICS Environment Ministers Meeting
Union Minister for Environment, Forest and Climate Change, Bhupender Yadav participated in the 8th BRICS Environment Ministers Meeting which was held virtually under Presidency of China. The theme of the meeting was ‘Foster High-Quality BRICS Partnership, Usher in a New Era for Global Development’. Ministers and delegates from Brazil, Russia and South Africa also participated in the meeting.

Manipur: 18th Shumang Leela Ningtham Festival kicks off in Imphal
In Manipur, the 18th Shumang Leela Ningtham Festival organised by Manipur State Shumang Leela Council in commemoration of ‘Azadi Ka Amrit Mahotsav’ kicked off in Imphal. Chief Minister N. Biren Singh launched the festival.

  • Shumang Leela is one of the most unique and traditional forms of art and it plays a reformative role in society. The popularity of Manipuri Shumang Leela has even crossed the state and national boundaries.


Sri Lankan PM Ranil Wickremesinghe declares country bankrupt amid fuel crisis and food shortages
Sri Lankan Prime Minister Ranil Wickremesinghe has declared the country bankrupt as it faces a fuel crisis and food shortages. We have no dollars, we have no rupees, we are not in a stable position, we are feeling the rise of the price of fuel, and we know it will go higher, he added.

  • Meanwhile, Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages.


RBI asks banks and ATM operators to provide cardless cash withdrawal facility
Reserve Bank of India has directed banks and ATM operators to provide cardless cash withdrawal facilities at all ATMs. In a circular, the RBI said, all banks, automated teller machine (ATM) networks, and White Label ATM Operators (WLAOs) may provide the option of ICCW at their ATMs. The apex bank informed that the National Payments Corporation of India (NPCI) has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

  • The RBI said, while UPI would be used for customer authorization in such transactions, settlement would be through the National Financial Switch (NFS) and ATM networks. The on-us and off-us ICCW transactions shall be processed without levy of any charges other than those prescribed under the circular on Interchange Fee and Customer Charges, it added.
  • A transaction carried out at an ATM of the card-issuing bank is called an On-Us transaction. A transaction carried out at any other ATM is called an Off-Us transaction.

Public sector banks’ frauds down 51% to Rs 40,295 crore in FY22; number of cases declines YoY, says RBI
The Reserve Bank of India has said that public sector banks reported over a 51 per cent fall in the amount involved in frauds to Rs 40,295.25 crore during the financial year 2021-22 (FY22).

  • As many as 12 PSBs (Public Sector Banks) had reported frauds worth Rs 81,921.54 crore in preceding fiscal 2020-21, the central bank said in response to an application under the Right to Information (RTI) Act.
  • However, the number of fraud cases didn’t fall at the same pace as a total of 7,940 frauds reported by the PSBs in 2021-22, against 9,933 incidents reported in FY21, said the RBI’s reply to Madhya Pradesh-based RTI activist Chandrashekhar Gaur.


RBI approves transfer of Rs 30,307 crore as surplus to Central Government for 2021-22
The Reserve Bank of India has approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.

India gets highest ever FDI of 83.57 billion dollars in the last financial year
India has emerged as a preferred investment destination which is evident from the fact that India has recorded highest ever annual Foreign Direct Investment (FDI) inflow of 83.57 billion US dollars in the last fiscal year.

  • In comparison to FDI inflow received in the financial year 2014-15, when country had attracted FDI inflow of 45.15 billion US dollars, FDI inflow registered growth of 85 percent in the last financial year.
  • India has received over 301 billion US dollars in the last four fiscal years.

IIFL Home Fin aims Rs 7,200 cr green, affordable home loans with ADB in Telangana, Andhra by 2025
IIFL Home Finance in association with the Asian Development Bank will further promote green affordable housing in Andhra Pradesh and Telangana, aiming at home loans worth Rs 7,200 crore by 2025. The move is aimed at spreading awareness about building climate-resilient housing that also saves cost and energy, IIFL Home Finance said.

  • The digital-first home finance company organised the 9th chapter of its flagship event Kutumb; ‘Andhra Pradesh & Telangana – Urgent need for green affordable housing’ — the 3rd event in collaboration with the Asian Development Bank (ADB).


Wesley Morgan wins Colby award for ‘The Hardest Place’
Author and journalist Wesley Morgan is this year’s winner of the William E. Colby Award for military and intelligence writing. He was cited for his book “The Hardest Place: The American Military Adrift in Afghanistan’s Pech Valley”.

  • The Colby award, a $5,000 prize named for the former ambassador and CIA director, is given for “a major contribution to the understanding of military history, intelligence operations or international affairs.”


Bangladesh language movement veteran, lyricist of ‘Amar Bhaiyer rokte Rangano’ Abdul Gaffar Chowdhury passes away

Renowned lyricist, veteran journalist and language movement activist of Bangladesh, Abdul Gaffar Chowdhury passed away at the age of 88 in London. Chowdhury was the lyricist of the soul stirring song ‘Amar Bhaiyer Rokte Rangano Ekushe February Ami Ki Bhulite Pari’ meaning ‘Can we ever forget the 21st February stained with the blood of our brothers?’

  • The 21 February is observed as the ‘Language Martyrs’ Day’ in Bangladesh to pay respect to the people killed by the Pakistani forces in 1952 when they took out a procession demanding Bangla as the official language of the then East Pakistan.

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