Current Affairs in English

16 March 2022 Current Affairs Updates in English

Important Days

International Day of Action for Rivers 2022

The International Day of Action for Rivers is celebrated every year on the 14th of March. The year 2022 marks the 25th anniversary of the International Day of Action for Rivers.

The day aims to raise awareness about the value and importance of rivers as well as bring together people from across the world to discuss and spread awareness about conserving rivers, river management, pollution, and equitable access to clean and flowing water. The theme in 2022 is “The Importance of Rivers for Biodiversity”. 

The International Day of Action For Rivers was adopted by the participants of the First International Meeting of People Affected by Dams, March 1997 in Curitiba Brazil.

The main aim is to raise voices in unison against destructive water development projects, reclaim the health of watersheds, and demand the equitable and sustainable management of rivers.

World Consumer Rights Day celebrates globally on 15th March

World Consumer Rights Day is celebrated on March 15 every year. The day marks an opportunity to urge that all consumers’ rights be recognized and safeguarded, as well as to protest market abuses and social injustices that jeopardize those rights.

The day highlights the power of consumers and their rights for a fair, safe, and sustainable marketplace for everyone.

This year International Consumer Rights Day will be celebrated on the theme of “Fair Digital Finance.” The Department of Consumer Affairs will commemorate this day with multiple events being held in New Delhi.

World Consumer Rights Day is inspired by President John F Kennedy’s special message to the US Congress that was delivered on 15th March 1962. In this message he formally addressed the issue of consumer rights becoming the first world leader to do so.

National

Mission Indradhanush: Odisha topped in full immunization with 90.5% coverage 

According to the National Family Health Survey (NFHS)-5, Odisha became the top state in the list of full immunizations in India with 90.5% coverage under Mission Indradhanush. Intensified Mission Indradhanush 4.0 (IMI) was rolled out on 7 March 2022, in Odisha to provide preventive health care for mothers and children and for boosting full immunization coverage.

20 districts of Odisha were found above 90% in full immunization and the remaining 10 districts were less than 90%. Districts such as Ganjam, Cuttack, Kendrapara, Jharsuguda, Koraput, Keonjhar, Malkangiri, Khurda, Sambalpur, Mayurbhanj, and Sundargarh districts were selected for inclusion under IMI.

Useful points for exams:

  • Odisha Capital: Bhubaneswar;
  • Odisha Governor: Ganeshi Lal;
  • Odisha Chief Minister: Naveen Patnaik.

Appointments

Ranjit Rath named as Chairman & MD of Oil India Ltd 

Ranjit Rath has been named as the next Chairman and Managing Director of Oil India Limited (OIL). He will replace current chairman and managing director Sushil Chandra Mishra, who will superannuate on June 30, 2022.

Presently Rath is the chairman and managing director of Mineral Exploration Corporation Ltd (MECL). Oil India Limited is the Indian-government-owned second-largest crude oil and natural gas producing company, under the Ministry of Petroleum and Natural Gas.

Useful points for exams:

  • Oil India Limited Headquarters: Noida;
  • Oil India Limited Founded: 18 February 1959.

N Chandrasekaran named as chairman of Air India

The chairman of Tata Sons, N Chandrasekaran has been appointed as the chairman of Air India. In February 2022, N Chandrasekaran was reappointed as chairman of Tata Sons for a second term of five years.

Tata Sons will soon announce a new MD and CEO for Air India to replace Ilker Ayci who was to take charge next month but resigned in the wake of controversies regarding his appointment.

Chandrasekaran also serves as the non-executive chairman of several other Tata Group companies, including Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, and Tata Consumer Products. He was reappointed Tata Sons’ executive chairman last month for another five years.

Useful points for exams:

  • Tata Group Founder: Jamsetji Tata;
  • Tata Group Founded: 1868, Mumbai;
  • Tata Group Headquarters: Mumbai.

Bajaj Allianz General Insurance’s MD & CEO, Tapan Singhel got a 5-year extension

Bajaj Allianz General Insurance has announced a five-year extension for its MD and CEO, Tapan Singhel.  Bajaj Allianz General Insurance said in a statement that the new term will begin on April 1, 2022.

Under Singhel’s leadership, the company has grown to become one of the country’s largest and most profitable private general insurers, ensuring growth, profitability, and customer-centricity.

During his decade as MD and CEO, the business has made a cumulative underwriting profit of more than Rs 350 crore, grown revenue at a CAGR of 16 percent, grown net profit (PAT) at a CAGR of more than 30 percent, and more than doubled its solvency ratio from 156 percent to around 350 percent.

Useful points for exams:

  • Bajaj Allianz General Insurance Founded: 2001;
  • Bajaj Allianz General Insurance Headquarters: Pune, Maharashtra.

Business

LivQuik becomes the first fintech to achieve RBI’s PPI interoperability guidelines 

LivQuik, a prepaid payment instrument (PPI) issuer, announced that it has achieved full interoperability for its Prepaid Payment Instruments, as mandated by the Reserve Bank of India. According to the firm, it is also the first PPI issuer to achieve full interoperability. PPI issuers must enable full-KYC wallet interoperability by March 31, 2022, according to RBI rules.

Customers of LivQuik will be able to optimize their payments and spending across wallets by attaching a card on the Visa and RuPay networks, as well as enabling UPI, thanks to interoperability, according to the business.

LivQuik is an RBI-authorized Prepaid Payment Instrument Issuer and Full-Fledged Money Changer that was founded in 2012(FFMC)Enterprise, Issuance, and Acquiring are LivQuik’s three primary business verticals at the junction of Financial Services and Retail.

LivQuik is a Mumbai-based Fintech startup that was recently onboarded to global payment network VISA‘s Fintech Fastrack Program as a Prepaid Payment Issuer and Full Fledged Money Changer (FFMC) by the Reserve Bank of India. With its enterprise-grade wallet platform and SAAS-based Gifting platform, LivQuik provides the Fintech infrastructure to enable Prepaid Payments and manages highly scalable technology across the payments value chain for the Retail industry.

IIFL Securities launched “OneUp” Primary Markets Investment Platform

IIFL Securities Limited (Formerly India Infoline Limited) launched ‘OneUp’, India’s first primary markets investment platform. Through this platform, investment can be made in initial public offerings (IPOs), non-convertible debentures (NCDs), and sovereign gold bonds (SGBs), among others. On the OneUp platform, the IPO applications are accepted 24×7 and up to three days before the IPO bidding opens.

It enables buyers to analyze, transact and handle new investment alternatives, all on one single platform. Another unique feature of the platform is that it allows investors to place bids for others as well, be it, friends or family members.

India Infrastructure Finance Company Ltd (IIFCL) has raised Rs 1,500 crore in debt to promote long-term infrastructure finance in India. It raised the funds through private placement of Non-Convertible Debt Securities for Rs 500 crore and it has a greenshoe option of Rs 1,000 crore. The issue was oversubscribed 6 times.

Schemes

‘Gender Samwaad’ organised by the Ministry of Rural Development 

Over 3000 State Mission employees and members of Self-Help Groups (SHGs) from 34 states logged in to attend the third edition of ‘Gender Samwaad,’ organized by the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), Ministry of Rural Development.

It’s a national virtual effort run by the DAY-NRLM to raise awareness about the mission’s activities around the country via the perspective of gender.

Promotion of food and nutrition security through women’s collectives was the focus for this edition. The event was held as part of the Amrit Mahotsava‘s Iconic Week commemoration theme of ‘Naye Bharat ki Naari.

Awards

75th BAFTA Award 2022 announced

The 75th edition of the British Academy Film Awards, also known as the BAFTA Award, was held at the Royal Albert Hall in London.

The awards, presented by the British Academy of Film and Television Arts (BAFTA), honor the best national and foreign films of 2021. The ceremony was hosted by actress and comedian Rebel Wilson.

The film that received maximum nominations was Dune, with 11 nominations. The film that received the maximum number of awards was Dune as well with 5 awards.

British Academy Television Awards are presented annually to recognize the outstanding work in British Television. It is being given annually since 1955. It is mainly given to British programs.

Here is the list of winners at the 2022 BAFTA awards:

CategoryWinners
Best FilmThe Power of the Dog
Best DirectorJane Campion, The Power of the Dog
Best Actress in Leading RoleJoanna Scanlan, After Love
Best Actor in Leading RoleWill Smith, King Richard
Best Supporting ActressAriana DeBose, West Side Story
Best Supporting ActorTroy Kotsur, CODA
EE Rising Star AwardLashana Lynch
Outstanding British FilmBelfast
Outstanding Debut By A British Writer, Director, Or ProducerThe Harder They Fall
Best Film Not In The English LanguageDrive My Car
Best DocumentarySummer of Soul (Or, When The Revolution Could Not Be Televised)
Best Animated FilmEncanto
Best Short AnimationDo Not Feed the Pigeons, Vladimir Krasilnikov, Jordi Morera, and Antonin Niclas
Best Short FilmThe Black Cop, Cherish Oleka
Original ScreenplayLicorice Pizza, Paul Thomas Anderson
Adapted ScreenplayCODA, Sian Heder
Original ScoreDune, Hans Zimmer
CastingWest Side Story, Cindy Tolan

History of the awards:

British Academy Television Awards are presented annually to recognize the outstanding work in British Television. It is being given annually since 1955. It is mainly given to British programs.

Ranks and Reports

Fortune India The Next 500 list 2022: RailTel ranked 124th 

RailTel Corporation of India Limited (RailTel), owned by the Indian Railways, Ministry of Railways, has ranked 124th in the 8th Edition Fortune India The Next 500 (2022 edition) of top midsize companies operating in India.

It is the only Telecom Public Sector Undertakings (PSU) of the Government of India (GoI) on the list. It was ranked 197 in the 2021 list of top midsize companies operating in India.

Apart from RailTel, IRCTC is the only Railway PSU featuring in the list, at the rank of 309. This Fortune India The Next 500 is published annually by Fortune India English Monthly magazine. RailTel is one of the largest neutral telecom infrastructure services providers in the country.

Useful points for exams:

  • RailTel Founded: September 2000;
  • RailTel Headquarters: Gurgaon, Haryana;
  • RailTel CMD: Puneet Chawla.

SIPRI Report: India emerges as the largest importer of arms

The Stockholm International Peace Research Institute (SIPRI) has released its latest report on Trends in International Arms Transfer, 2021.

As per the report, India and Saudi Arabia emerged as the largest importers of arms between 2017-21. Both two countries accounted for 11% of all global arms sales. Egypt (5.7%), Australia (5.4%) and China (4.8%) were the next three largest importers respectively in the top 5.

The report placed India at the top of the list. 85% of India’s overall imports were from three countries. Russia (46%), France (27%), and the USA (12%) were the top three largest exporters of arms to India during the period.

Largest Arms Exporters in 2017-21

  • USA, with 39% share, retained its standing as the world’s largest arms exporters during 2017-21.
  • Russia (19%), France (11%), China (4.6%) and Germany (4.5%) were among the top 5 largest exporters respectively.
  • India was 23rd largest exporter during 2017-21, with a share of just 0.2% of the global exports.

Sports

Shreyas Iyer and Amelia Kerr named ICC Players of the Month for February 2022

The International Cricket Council (ICC) has announced India’s star all-format batter Shreyas Iyer and White Ferns all-rounder Amelia Kerr were voted ICC Players of the Month for February 2022. Fans can continue to vote every month for their favorite male and female cricketers across all formats of international cricket as part of the ICC Player of the Month initiative.

Shreyas Iyer earned the ICC Player of the Month award on the back of his brilliant white-ball exploits during the home series against West Indies and Sri Lanka respectively last month.

New Zealand all-rounder Amelia Kerr bagged the ICC ‘Women’s Player of the Month award for February 2022. Amelia Kerr, the 21-year-old New Zealand all-rounder, was named the Women’s POTM, following her supreme consistency with both bat and ball during the home white-ball series against India.

German Open Badminton 2022: Lakshya Sen won Silver Medal

Indian Shuttler Lakshya Sen has settled for silver after losing to Kunlavut Vitidsarn of Thailand, 18-21, 15-21, in the men’s singles final at the German Open 2022.

The Thai player dominated from start to end, winning the match and the championship in just 57 minutes. German Open is an annual badminton tournament classified as BWF World Tour Super 300 event.

Complete Result of German Open 2022 

  • Men’s singles: Kunlavut Vitidsarn  (Thailand) beat Lakshya Sen (India)
  • Women’s singles: He Bingjiao (China) beat  Chen Yufei (China)
  • Men’s Double: Goh Sze Fei and Nur Izzuddin (Malaysia)
  • Women’s Double: Chen Qingchen and Jia Yifan (China)
  • Mixed Doubles:  Dechapol Puavaranukroh / Sapsiree Taerattanachai (Thailand)

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