Daily Current Affairs 27 July 2022 for Banking/Insurance/SSC and other related exams.
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India adds 5 new wetlands, total Ramsar sites now at 54
India has designated five new wetlands of international importance, taking the total number of Ramsar sites in the country to 54.
- The new sites are Karikili Bird Sanctuary, Pallikaranai Marsh Reserve Forest & Pichavaram Mangrove in Tamil Nadu, Pala wetland in Mizoram and Sakhya Sagar in Madhya Pradesh.
- On the occasion of World Wetlands Day on 2 February, India added Khijadia Wildlife Sanctuary in Gujarat and Bakhira Wildlife Sanctuary in Uttar Pradesh to the list of Ramsar sites in India.
India and Japan conduct maritime partnership exercise in Andaman Sea
A Maritime Partnership Exercise (MPX) was conducted between Japan Maritime Self Defense Force and Indian Navy in the Andaman Sea.
- INS Sukanya, an offshore patrol vessel and JS Samidare, a Murasame class destroyer, undertook various exercises including seamanship activities, aircraft operations and tactical manoeuvres as part of the operational interaction.
Russia to quit International Space Station ‘after 2024’
Russia has decided to quit the International Space Station “after 2024”, the newly-appointed chief of Moscow’s space agency told President Vladimir Putin.
- This decision comes at a time the Kremlin’s war with Ukraine has isolated Russia in terms of trade and financially.
- The International Space Station (ISS) is the largest modular space station currently in low Earth orbit. It is a multinational collaborative project involving five participating space agencies: NASA (United States), Roscosmos (Russia), JAXA (Japan), ESA (Europe), and CSA (Canada).
BANKING & FINANCE
Piramal Enterprises gets RBI nod to start NBFC business
Piramal Enterprises has received the approval from the Reserve Bank of India (RBI) to start non-banking finance company (NBFC) operations. The licence is for initiating an NBFC not accepting public deposits.
HDFC Bank to be among world’s top 10 most valuable banks after merger: Report
HDFC Bank will be among the world’s top 10 most valuable banks after its merger with the parent, mortgage lender Housing Development Finance Corporation (HDFC), at the current valuations and will also be the first Indian bank to make it to the Top 10 club, a Times of India report said.
- India’s largest private lender has a market capitalisation of about $108 billion and recently edged past Citigroup (over $100. 5 billion), which was at the 17th position, said the report.
BUSINESS & ECONOMY
IMF slashes India’s FY23 GDP growth forecast by 80 bps to 7.4%
The International Monetary Fund (IMF) slashed India’s growth forecast for 2022-23 (FY23) by 80 basis points to 7.4 per cent, citing less favourable external conditions and rapid policy tightening by the central bank.
Wipro bags five-year contract from Nokia for digital transformation
Bengaluru-headquartered Wipro Ltd announced the signing of a new five-year contract with Finnish telecom equipment maker Nokia for digital transformation.
- Wipro, as part of the agreement, will deliver global business services in support of Nokia’s renewed operating model, “focusing on process optimisation, touchless processing and enhanced user and customer experience across order management supply chain, finance, and accounting operations”.
AR Rahman unveils anthem ‘Vanakkam Chennai’ for 44th International Chess Olympiad
Grammy and Oscar-winning music composer, AR Rahman has come up with the ‘Vanakkam Chennai’ (Welcome Anthem) for the upcoming International Chess Olympiad, 2022.
- Directed by Vignesh Shivan, the music video features chief minister MK Stalin, grandmaster Vishwanathan Anand, and music maestro AR Rahman, who has composed and sung the theme song.
- The music video also features director Shankar’s daughter as a Bharatanatyam artiste.
Mastercard to replace Paytm as title sponsor for BCCI matches
Payments giant Mastercard is all set to replace Paytm as the title sponsor for all international and domestic cricket matches organised by the Board of Control for Cricket in India (BCCI).
India to host Women’s ODI World Cup in 2025
India will host the 2025 ICC Women’s ODI World Cup, the International Cricket Council (ICC) announced. India, Bangladesh, England and Sri Lanka were named as the four hosts for ICC women’s white-ball events from 2024-27
- Bangladesh will host the 2024 Women’s T20 World Cup while the 2026 edition will be held in England, the ICC confirmed. The 2025 Women’s ODI World Cup will be staged in India with Sri Lanka securing hosting rights for the Women’s T20 Champions Trophy, slated for 2027, provided it qualifies for the event.