Current Affairs Daily Digest – January 14 & 15 2022

Current Affairs Daily Digest – January 14 & 15 2022

Current Affairs Daily Digest – January 14 & 15 2022. Read and Download daily, monthly Current Affairs Daily Digest 2021 for competitive exams like UPSC, SSC, IBPS, SBI etc,. Download month wise Current affairs 2021 PDF and Current affairs quiz PDF .

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Current Affairs Daily Digest – January 14 & 15 2022

1. RBI approves appointment of Ittira Davis as MD & CEO of Ujjivan SFB

Reserve Bank of India has approved the appointment of Ittira Davis as managing director & chief executive officer of (MD & CEO) of Ujjivan Small Finance Bank for one tenure.

He will take charge of the extended tenure from January 14, 2022. The post had been lying vacant since three-month following the sudden exit of incumbent Nitin Chugh.

2. LazyPay tie-up with SBM Bank India to Launch LazyCard

LazyPay, a Buy Now Pay Later (BNPL) solution by PayU Finance, announced its partnership with SBM Bank India to launch LazyCard, a prepaid payment instrument backed by a credit line that works on the Visa payment network.

To empower financially underserved Indians with easy access to credit as their card has limited credit options. LazyCard reaches over 62 million pre-approved users of LazyPay, with a credit limit of up to 5 lakhs.

3. Adani Group sign agreement with South Korea’s POSCO to develop steel mill

Adani Group and South Korea’s largest steelmaker POSCO have signed a non-binding memorandum of understanding (MoU) to explore business opportunities in India.

This includes the establishment of a green, environment-friendly integrated steel mill at Mundra, Gujarat. The estimated investment of the project is up to $5 billion (approx. Rs 37,000 crore).

4. Global Private Banking Awards 2021: HDFC Bank named as Best Private Bank in India

HDFC Bank was named as the ‘Best Private Bank’ in India at the ‘Global Private Banking Awards 2021’ which was organised by Professional Wealth Management (PWM) in a virtual ceremony.

PWM is a wealth management Magazine, published by the Financial Times Group. The award was given for contributing to accelerate key trends, including digitalisation, communication and investment in environmental, social and governance (ESG) strategies.

5. Axis Bank tie-up with MinkasuPay for biometric-based banking payments

Axis Bank has tied up with MinkasuPay to offer a biometric authentication solution for net banking payments in merchant apps using Fingerprint or Face ID, without the need for usernames, passwords, and One-Time Passwords (OTPs).

This Solution will reduce the time of payment from 50-60 seconds to just 2-3 seconds and also increase the transaction success rate.

6. Olympic medal-winning Athlete Deon Lendore passes away

Olympic athlete Deon Lendore, who participated in the 400 meters race at the 2020 Olympics, passed away at the age of 29 years due to a fatal car accident in Texas, United States (US).

He was born on 28 October 1992 in Trinidad and Tobago (the Caribbean Islands, South America), was an expert of 400 meters championships. He participated in the London Olympics in 2012 and won a Bronze medal in 4×400 meter relay. He also participated in the Tokyo Olympic 2021 and in 2016 Rio Olympics.

7. AISCD gets approval to hold first World Deaf T20 Cricket championship 2023

The All India Sports Council of the Deaf has got approval from the International Committee of Sports for the Deaf (ICSD) to host the first World Deaf T20 Cricket Championship in Kerala from January 10-20, 2023.

This championship was planned to be conducted in 2020-21 but due to the sudden outbreak of coronavirus, it was postponed first to 2022 & now fixed for 2023.

8. 18th Kachai Lemon Festival begins in Manipur 2022

The 18th edition of the two days long Kachai Lemon Festival began in Manipur at the Local Ground of Kachai Village in Ukhrul district. The Kachai Lemon Festival is organised annually to promote this unique kind of lemon fruit and to encourage lemon farmers.

This year, altogether 260 stalls are put up at the festival showcasing the rich reap of lemon this year. This year the festival is being organised under the theme ‘Organic Kachai Lemon for Safe Environment and Rural Transformation’.

9. Raghuvendra Tanwar appointed chairman of ICHR

Professor emeritus, Kurukshetra University, Raghuvendra Tanwar has been appointed as chairman of the Indian Council of Historical Research (ICHR). Tanwar appointment is for a period of three years from the day he assumes the office of the Chairman of the Council or until further order.

Tanwar, who joined Kurukshetra University as a lecturer in August 1977, has an outstanding academic record, with two gold medals in MA History.

10. ISRO successfully tests Cryogenic Engine for Gaganyaan Rocket

Indian Space Research Organisation (ISRO) has successfully conducted the qualification test of Cryogenic Engine for Gaganyaan programme for a duration of 720 seconds at ISRO Propulsion Complex (IPRC), Mahendragiri, Tamil Nadu.

According to the space agency, the performance of the engine met the test objectives and the engine parameters were closely matching with the predictions during the entire duration of the test.

11. Indian Army Day observed on 15 January

The Army Day in India is celebrated on 15 January every year, to salute the valiant soldiers who sacrificed their lives to protect the country and its citizens. This year marks the 74th Indian Army Day.

The day is marked to commemorate the day when General (later Field Marshal) KM Carriappa took over the command of the Army from General Sir FRR Bucher, the last British Commander-in-Chief in 1949 and became the first Commander-in-Chief of Indian Army post Independence.

12. India give support to Sri Lanka to overcome forex crisis

India has announced financial assistance of USD 900 million loans to Sri Lanka to help the island nation in building up its depleted foreign reserves and for food imports.

It must be noted that Sri Lanka is currently facing a shortage of almost all essential commodities due to a shortage of dollars to pay for the imports. India is extending its support through the Reserve Bank of India (RBI).

13. Daniel Ortega sworn in as President of Nicaragua for 5th term

Nicaraguan President José Daniel Ortega Saavedra, leader of the Sandinista National Liberation Front (FSLN), was sworn in for a new presidential term. This marks his 5th term and 4th consecutive term as the President of Nicaragua.

He will remain in the office until January 2027. He received the presidential sash from Gustavo Porras, head of the National Assembly. Ortega’s first stint in power ended in 1990 and upon returning as president in 2007, he quickly set about gaining control of key state institutions.

14. Philippines to purchase BrahMos cruise missiles from India

Philippines has become the first foreign country to place an order for the purchase of the BrahMos Shore-Based cruise Missile System for its navy.

This agreement will give a big boost to India’s defence manufacturing system. The estimated deal cost is worth $374,9 million. The BrahMos Aerospace Pvt Ltd will supply the missile, under the Shore-Based Anti-Ship Missile System Acquisition Project, for Philippine Navy.

15. Paytm Payments Bank became most preferred UPI beneficiary bank in India

Paytm Payments Bank Ltd (PPBL) became the largest and fastest-growing UPI beneficiary bank in India. It becomes the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month.

Beneficiary banks are the banks of the account holder who is receiving money. Paytm Payments Bank has also gained rapid traction as a remitter bank for UPI payments.

16. Veteran NDTV Journalist Kamal Khan passes away at 61

Kamal Khan, veteran NDTV Journalist and a recipient of the Ramnath Goenka Award passed away on January 14, 2022, at the age of 61 after suffering a heart attack. Kamal Khan is survived by his wife, Ruchi, and their son, Aman.

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