Daily Current Affairs 7 June 2022 for Banking/Insurance/SSC and other related exams.
India, Canada ink pact for stronger cooperation on climate action
India and Canada have signed a memorandum of understanding to strengthen bilateral collaboration on climate action, environmental preservation, and conservation.
- The two countries have agreed to collaborate, exchange information and expertise, and support each other’s ambitions in a variety of areas, including increasing renewable energy capacity, decarbonizing heavy industries, reducing plastic pollution, promoting chemical safety, and ensuring sustainable consumption.
NATO holds Baltic Sea naval exercises with Finland, Sweden
NATO kicked off nearly a two-week U.S.-led naval exercise on the Baltic Sea with more than 7,000 sailors, airmen and marines from 16 nations, including two aspiring to join the military alliance, Finland and Sweden.
- The annual BALTOPS naval exercise, initiated in 1972, is not held in response to any specific threat. But the military alliance said that “with both Sweden and Finland participating, NATO is seizing the chance in an unpredictable world to enhance its joint force resilience and strength” together with two Nordic aspirant nations.
BANKING & FINANCE
Airtel Payments Bank partners with Muthoot Finance to offer gold loans
Airtel Payments Bank said it has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app.
- There will be no-processing charge on the loan and Muthoot Finance will provide up to 75 per cent of the pledged gold value as a loan, the payments bank said.
- The loan facility will also be available at the 5 lakh banking points for Airtel Payments Bank, it added.
BUSINESS & ECONOMY
TCS retains 10th spot among global BPM providers in 2021
According to Everest Group, TCS has retained its tenth position among the top global BPM (business process management) providers in 2021. The ranking is based on a composite score of revenue (more than US$ 3 billion for TCS) and revenue growth (14-16% over 2020).
- In terms of revenue, the top five BPM players were ADP, Teleperformance, Accenture, Concentrix, and Sitel Group. Tech Mahindra, Telus International, Majorel, Teleperformance, and Comdata were the top five fastest-growing companies YoY. Infosys, Wipro, and Tech Mahindra’s BPM businesses were ranked 20, 21, and 22, respectively, with revenue of US$ 1.3 billion, US$1.4-1.5 billion, and US$ 675 million.
- In 2021, the top 50 providers added US$ 11.8 billion in incremental revenue, an eightfold increase over 2020. The top ten providers contributed roughly 60% of total incremental revenue, while providers ranked 11 to 50 and added more than US$ 5 billion in revenue in 2021.
Senior IPS Zulfiquar Hasan Becomes the New DG of BCAS
IPS officer Zulfiquar Hasan has been appointed as Director General (DG) in the Bureau of Civil Aviation Security (BCAS).
- The Appointments Committee of the Cabinet has approved the appointment of Hasan for a tenure up to his superannuation on 31.10.2024.
- Presently, Hasan is serving as Special Director General, Central Reserve Police Force (CRPF) in Delhi.
Bajram Begaj elected as Albania’s new president
Albania’s parliament elected a top military official as the country’s new president after no candidates were nominated in three rounds of voting.
- Gen.-Maj. Bajram Begaj won the post after the 140-seat Parliament voted 78 in favor, four against and one abstained.
- The governing left-wing Socialist Party nominated and voted for Begaj, 55, after failing to reach a compromise with the opposition on a candidate to replace President Ilir Meta, and no independent candidate was nominated.
THE Asia University Rankings 2022: IISc Bangalore Emerges As Top Indian University
The Times Higher Education (THE) released the latest edition of Asia University Rankings. The 2022 edition comprises 616 universities from 31 countries and territories with India being the third most-represented country, with 71 institutions. Last year, a total of 62 Indian institutions participated in the rankings.
- The Indian Institute of Science (IISc), Bangalore, is the only institute to make the top-50 list with 42 rank. The JSS Academy of Higher Education and Research makes its debut in 65th place, followed by the Indian Institute of Technology (IIT) Ropar at 68 and IIT Indore at 87 rank, respectively. As compared to last year’s positions, all the Indian institutes in top-100 have slipped down.
- There are 17 Indian universities in the top 200 as compared to 18 last year. Of the 14 that were ranked in both years, eight have risen. Meanwhile, Japan is the most-represented nation again this year, with 118 institutions, up from 116 last year.
- China is home to the continent’s top two universities for the third consecutive year, with Tsinghua and Peking universities holding on to first and second place, respectively.
Indian Railways awarded by the UIC International Sustainable Railway Awards (ISRA)
Indian Railways is observing World Environment Day on 5th June, 2022 in an appropriate and befitting manner keeping in line with the theme of this year’s World Environment Day.
- In a gala ceremony, in Berlin, Indian Railways have been awarded by the UIC International Sustainable Railway Awards (ISRA) in the category of “Best use of Zero-Carbon Technology” for feeding Solar Energy directly to 25 KV AC Traction System.
- Railways is an environmental friendly means of bulk transportation. For environment protection, Railways have been continuously taking major initiatives that have positive impact on the environment by way of reducing pollution/GHG emissions, promoting resources and energy efficiency and contributing to sustainability.
Rajasthan CM Gehlot announces Rajiv Gandhi Khel Ratna Award for Raj sportspersons
Rajasthan Chief Minister Ashok Gehlot announced the Rajiv Gandhi Khel Ratna Award will be introduced in the state for sportspersons.
- He said the state government is taking big decisions for the development of sports in the state, and assured the incentive amounts for the medal-winners would continue to increase.
- The chief minister said the Rajiv Gandhi Rural Olympics will start from August 29, 2022 and more than 27 lakh players of all ages will take part in it.
MIFF 2022: Dutch Film ‘Turn Your Body To The Sun’ Bags Golden Conch Award For Best Documentary
The Dutch documentary film “Turn Your Body to the Sun”, which tells the incredible story of a Soviet Prisoner of War, has won the prestigious Golden Conch award for the Best Documentary Film at MIFF 2022.
- Directed by Aliona Van der Horst, ‘Turn Your Body to the Sun’ brings to light the incredible life story of a Soviet soldier of Tatar descent, who was captured by the Nazis during World War II. Through his diaries as well as various personal and public archives and registries, his daughter Sana attempts to trace the path of her father to understand what made him the man she knew as a child.
In the Short Fiction category, Malayalam film ‘Saakshatkaaram’ shares the Silver Conch award with Gudmund Helsmsal’s ‘Brother Troll’ a film from Faroe Islands of Denmark.
- Saakshatkaaram (Malayalam) by Sudesh Balan, takes film lovers into the inner struggles and journey of a man mourning his beloved wife’s death and invites them to partake and inspired by his search for redemption.
Best Animation Film:
‘Prince in a Pastry Shop’ directed by Polish filmmaker Katarzyna Agopsowicz, won the Silver Conch for Best Animation Film in International Competition category. ‘Prince in a Pastry Shop’ is a seemingly humorous story about happiness.
- It is a philosophical parable about a couple eating cakes in a café touching upon fundamental issues that are close to everyone – the elusiveness of happiness. The award carries a Silver Conch, a certificate and cash prize of Rs. 5 lakhs, to be shared equally between the director and the producer.
Most Innovative / Experimental Film’
‘Closed to the Light’ directed and produced by Italian film-maker Nicola Piovesan won the ‘Pramod Pati – Most Innovative / Experimental Film’ in this edition. Nicola Piovesan will get Rs.1,00,000 cash prize along with a trophy and certificate.
Special mention by International Jury:
‘Ghar Ka Pata’ by Madhulika Jalali and the Films Division production ‘Who Says The Lepchas Are Vanishing? ’ by Abhuydaya Khaitan got the special mention by International Jury.
SCIENCE & TECHNOLOGY
Intermediate Range Ballistic Missile, Agni-4 successfully test-fired
Intermediate Range Ballistic Missile, Agni-4, successfully tested. A successful training launch of Agni-4, was carried out from APJ Abdul Kalam Island in Odisha.
- The Defence Ministry said, the successful test was part of routine user training launches carried out under the aegis of the Strategic Forces Command.
- The launch validated all operational parameters as also the reliability of the system. Ministry said, the successful test reaffirms country’s policy of having a credible minimum deterrence capability.
Arignar Anna Zoological Park introduces novel method to check littering of plastic bottles inside its premises
The Arignar Anna Zoological Park, Chennai has introduced a novel method to check the littering of plastic bottles inside its premises.
- Coinciding with the World Environment Day, the authorities of the state’s biggest zoo have begun collecting a deposit of ten rupees each for every bottle of water from the visitors. The money is refunded if they return the empty bottle. The officials say the initiative has begun yielding good results.