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Current Affairs 20 February 2022

India’s GDP likely to grow at 5.8% in Oct-Dec: SBI’s Ecowrap report

  • The country’s gross domestic product (GDP) is likely to grow at 5.8% in the third quarter of fiscal 2022, according to an SBI’s research report- Ecowrap.
  • As per SBI Nowcasting Model, the forecasted GDP growth for Q3 FY22 would be 8%, with a downward bias.
  • The full year (FY22) GDP growth is now revised downwards to 8.8% from our earlier estimate of 9.3%.

Bank of Baroda subscribes to 99,000 shares of India Debt Resolution Company

  • Public sector Bank of Baroda has subscribed to 99,000 shares of asset reconstruction company India Debt Resolution Company Ltd (IDRCL).
  • The acquisition is subject to the execution of an investment agreement.
  • IDRCL, as an asset management company, will manage the asset and engage market professionals and turnaround experts for debt resolution.
  • CEO of IDRCL : Sanjay Jain.

TransUnion CIBIL Partners With FICCI On A Unique Nation-Wide MSME Consumer Education Program

  • TransUnion CIBIL has partnered with the FICCI to launch an MSME consumer education program that will support MSMEs in gaining awareness of credit management, CIBIL Rank and commercial credit information.
  • This program will kick off with MSME clusters in Maharashtra, Assam and Tripura.
  • It aims to reach thousands of MSMEs across key MSME clusters in India.

CSB Bank has got the approval of (RBI) for the appointment of Pralay Mondal as the deputy managing director.

  • CSB Bank has got the approval of Reserve Bank of India (RBI) for the appointment of Pralay Mondal as the deputy managing director of the company.
  • His prior appointment in the bank since September 23, 2020 was as President (Retail, SME, Operations and IT).

Yohan Poonawalla receives “Business Leader of the Year Award”

  • URJA Awards 2022, a brainchild of Usha Kakade’s Gravittus Foundation, honoured Mr. Yohan Poonawalla, Chairman and Director of various Poonawalla Group of companies, with the Business Leader of the Year award this year.
  • Yohan Poonawalla received the award for the Business Leader of the year from Mrs. Amruta Fadnavis at the Gravittus Foundations URJA Award 2022.
  • Yohan Poonawalla is one of India’s leading industrialists and philanthropists.

Chhatrapati Shivaji Maharaj Jayanti is celebrated across the country on 19 February every year.

  • Chhatrapati Shivaji Maharaj Jayanti is celebrated across the country on 19 February every year.
  • He founded the Maratha Kingdom and was one of India’s most progressive, wise and fearless emperors.
  • This year marks his 392nd birth anniversary.
  • The birth anniversary of Shivaji is celebrated with great zeal and pride in Maharashtra.

Government approves Rashtriya Uchchatar Shiksha Abhiyan (RUSA) Scheme to continue till 31st March, 2026

  • The Government has approved the scheme of Rashtriya Uchchatar Shiksha Abhiyan (RUSA) for continuation till 31.03.2026 or till further review, whichever is earlier.
  • The proposal entails an expenditure of Rs. 12929.16 crore out of which Central Share is Rs. 8120.97 crores and the State Share is of Rs. 4808.19 crores.
  • It has been envisaged to support around 1600 projects under the new phase of the scheme.

India and UAE signed the historic Comprehensive Economic Partnership Agreement (CEPA)

  • India and UAE signed the historic Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting the merchandise trade between the two countries to US$ 100 billion over the next 5 years.
  • The deal was signed during the virtual summit meeting between Hon’ble Prime Minister of India, Shri Narendra Modi and H.E. Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi.
  • UAE is celebrating 50 years of its foundation.

First direct flight between Delhi-Khajuraho under RCS-UDAN flagged off

  • The first direct flight between Delhi and the heritage city of Khajuraho was flagged-off.
  • With this, 405 routes would be operationalized under the UDAN-RCS scheme.
  • SpiceJet was awarded the Delhi-Khajuraho-Delhi route under the RCS-UDAN 3.0.
  • SpiceJet is India’s largest regional carrier and the strongest supporter of UDAN scheme.

NHPC Limited has set up a new wholly owned subsidiary company namely “NHPC RENEWABLE ENERGY LIMITED (NREL)”

  • NHPC Limited has set up a new wholly owned subsidiary company namely “NHPC RENEWABLE ENERGY LIMITED (NREL)”, for development of Renewable Energy, Small Hydro and Green Hydrogen based business of NHPC Ltd.
  • The Subsidiary has been incorporated with the Registrar of Companies, NCT of Delhi & Haryana.

Government approves implementation of Inter-Operable Criminal Justice System (ICJS) project during the period 2022-23 to 2025-26

  • The government has approved the implementation of the Inter-Operable Criminal Justice System (ICJS) project by the Ministry of Home Affairs at a total cost of Rs.3,375 crore during the period from 2022-23 to 2025-26.
  • The ICJS system would be made available through a dedicated and secure cloud-based infrastructure with high-speed connectivity.
  • The project will be implemented as a Central Sector Scheme.

Govt. of India and World Bank sign loan agreement of $115 million

  • The Government of India, the State Governments of Karnataka and Odisha and the World Bank have signed a $115 million Programme (Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme).
  • The fund will help national and state institutions adopt improved watershed management practices to help increase farmers’ resilience.
  • The Government of India has committed to restoring 26 million hect of degraded land by 2030.

Senior Journalist Ravish Tiwari passed away

  • Ravish Tiwari, National Political Editor and Chief of National Bureau of The Indian Express, whose work blended scholarship with journalistic rigour to explain the change in politics and society, passed away.
  • The Indian Express CEO : George Varghese.
  • The Indian Express : Headquarters: Noida.

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