Daily Current Affairs 31st December, 2022

Daily Current Affairs 31 December 2022 for Banking/Insurance/SSC and other related exams.

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Nitin Gadkari Inaugurates Zuari Bridge, India’s Second-Largest Cable Bridge In Goa
Union Minister of Roads Transport and Highways Nitin Gadkari has inaugurated the country’s second longest cable-stayed eight-lane Zuari Bridge in Goa. Right-hand side (4-lane corridor) across the Zuari River and approaches from Bambolim to Verna were thrown open for vehicular traffic.

  • The Zuari Bridge is a bridge between North Goa and South Goa, India. It carries the NH 66 over the tidal part of the Zuari River, between the villages of Agaçaim and Cortalim. It is a few metres downstream of the Konkan Railway Bridge. The 640-metre-long bridge and the 13.20 km roads on both sides have been built in 3 phases. The Zuari Bridge work began in June 2016.

World famous Dhanu Jatra begins in Bargarh
The ‘Dhanu Yatra’ festival, considered to be the world’s largest open-air theatre, began in the Western Odisha town of Bargarh.

  • The ‘Dhanu Yatra’ which marks the victory of good over evil, came into existence in Bargarh in 1947-48 as part of the celebration of the country’s Independence and is held annually.
  • The plays in the festival start with the dethroning of Emperor Ugrasen of Mathura by angry Kansa over the marriage of his sister Devaki with Vasudev. The festival will conclude with the death of demon king Kansa and restoration of the throne to Ugrasen.


India, Cyprus sign three crucial agreements on defence, migration and solar alliance
India and Cyprus signed a number of agreements in various areas including on Defence and Military Cooperation between the two countries.

  • A Letter of Intent on Migration and Mobility Partnership was also signed to provide a common framework of arrangement and cooperation to facilitate the mobility of students, academics, business people and professionals. It will also help in combating irregular migration.


Govt hikes interest rates on some small savings schemes by 20-110 bps for January-March
The finance ministry has raised the interest rates on some small savings schemes for the January-March quarter, the second quarterly increase in a row. The rates on the various instruments have been raised between 20 to 110 basis points and now range from 4.0 percent to 7.6 percent. 

  • Small savings schemes, including post office 1-3-year time deposits and 5-year recurring deposits, are savings instruments managed by the government to encourage citizens to save regularly. These also include saving certificates such as National Saving Certificates and Kisan Vikas Patra, Sukanya Samriddhi Account, and Senior Citizens Savings Scheme.
  • The rates for the post office 1 year, 2 year, 3 year, and 5 year time deposits have been hiked to 6.6%, 6.8%, 6.9%, and 7%, from 5.5%, 5.7%, 5.8%, and 6.7% respectively. The rates for 5 year recurring deposits and savings deposits have remained unchanged at 5.8% and 4% respectively.
  • The rate for senior citizens savings scheme (SCSS) will earn 8% from 1 January, compared with 7.6% now


India’s eight core industries register 5.4% growth in Nov 2022
India’s output of eight core industries registered a 5.4 per cent growth in November 2022 as compared to the Index of November 2021, which was 3.2 per cent.

  • The production of cement, coal, electricity, steel and fertilisers increased in November 2022 over the corresponding month of last year.
  • Index of Eight Core Industries (ICI) measures combined and individual performance of production of eight core industries viz. coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity stood at 8 per cent in April-November this fiscal as against 13.9 per cent during the same period last fiscal.
  • The production of coal rose by 12.3 per cent, fertiliser by 6.4 per cent, steel by 10.8 per cent, cement by 28.6 per cent and electricity by 12.1 per cent in November 2022 compared to a year ago.


IPS officer Laxmi Singh appointed UP’s first woman Police Commissioner at Noida
The Uttar Pradesh government has appointed IPS officer Laxmi Singh as the new Noida Police chief, making her the first woman officer to head a Police Commissionerate in the state.

  • The 2000-batch officer, who replaced Alok Singh in Gautam Buddh Nagar. Alok Singh, a 1995-batch IPS officer, has been posted as an additional director general of police (ADGP) at the DGP office in state capital Lucknow.


IACP 2022 Award: Chhattisgarh police’s ‘Nijaat’ campaign gets international recognition
International Association of Chiefs of Police (IACP), the US-based international organisation has selected the anti-drug & illicit liquor campaign ‘Nijaat’ of Chhattisgarh police for ‘Leadership in Crime Prevention’ award in the institutional category.

  • The prestigious IACP 2022 Award has selected the de-addiction drive ‘Nijaat’, which was executed following the directive by chief minister Bhupesh Baghel to act tough against drug peddlers, and bootleggers and check to smuggling of drugs. A successful singular campaign, ‘Nijaat’ witnessed the striking results to achieve a drug-free society with missionary zeal.


SpaceX launched the first 54 Starlink v2.0 satellites into orbit
The SpaceX Falcon 9 launch vehicle launched into low Earth orbit the first 54 Starlink satellites of the new generation, so-called v2.0 or Gen2. The launch took place from the SLC-40 launch pad of the US Air Force Base at Cape Canaveral.It is the 60th successful SpaceX mission since the beginning of 2022.

  • Starlink v2.0 satellites have several different configurations depending on the launch vehicle.It was assumed that the new satellites would be launched by Starship initially.
  • Hence, the size and mass should be several times larger than those of previous versions- 2000 kg against 260 and 295 kg in versions 1.0 and 1.5.


Pritzker-winning architect Arata Isozaki passes away at 91
Arata Isozaki, a Japanese architect who won the Pritzker Prize and was hailed as a post-modern giant for fusing Eastern and Western cultures and histories in his works, has passed away. He was 91.

  • Isozaki won the Pritzker Architecture Prize, internationally the highest honor in the field, in 2019. Arata Isozaki, Whose Hybrid Style Forged ‘New Paths,’ Wins Pritzker Prize.
  • Among Isozaki’s best-known works are the Museum of Contemporary Art in Los Angeles and the Palau Sant Jordi stadium in Barcelona built for the 1992 Summer Games. He also created enduring structures like the Team Disney Building and the Florida headquarters of the Walt Disney Company.


6th anniversary of indigenously developed payment application BHIM on 30th Dec
Indigenously developed payment application BHIM (Bharat Interface for Money) celebrated its sixth anniversary. BHIM App was launched on 30th December 2016 by Prime Minister Narendra Modi. BHIM stands for Bharat Interface for Money.

  • It is a biometric payment systems app using the Aadhar platform and is based on a Unified Payment Interface (UPI) to facilitate e-payment directly through the bank.

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