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General Awareness

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Daily G.K. - Top Stories

29 Jan 2022

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

Argentina Reaches Agreement with IMF to Refinance $40 bn Debt

  • Argentina reached an agreement with the International Monetary Fund to refinance more than USD 40 billion in debt.
  • Since 2020, Argentina has been in an arduous negotiation with the IMF to refinance the debt contracted in 2018 during the government of conservative Mauricio Macri in the midst of a currency crisis.
  • Argentina had spent three years trying to renegotiate repayment terms with the IMF and considered a deal vital to stabilising an economy whose lengthy crisis has been hit as well by the pandemic.

World's Largest Canal Lock Unveiled in Netherlands

  • The world's largest canal lock was inaugurated at Ijmuiden, a small port city, in the Port of Amsterdam, The Netherlands. The sea lock was inaugurated by Dutch King Willen-Alexander. The Ijmuiden sea lock is 500-meter (1,640-feet) long and 70-meter wide. Construction on the massive infrastructure project began in 2016 and was meant to be done by 2019. It also went over the initially planned budget by around €300 million ($338 million).
  • The Ijmuiden lock was designed to allow large, modern cargo ships to reach the port of Amsterdam. The structure is also deep enough that ships will no longer have to wait for a favourable water level to enter the canal. With almost nine meters above the sea leave, the structure is also a defence against the threat of flooding.
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BUSINESS AND ECONOMY

Pushp Kumar Joshi to be New Chairman and Managing Director of HPCL

  • Pushp Kumar Joshi was picked by government headhunter PESB to be the new chairman and managing director of Hindustan Petroleum Corporation Ltd (HPCL), the nation's third largest oil refining and fuel marketing company.
  • Joshi, who is currently Director - Human Resources at HPCL - was picked after PESB interviewed 10 candidates.
  • Joshi has been on the board of HPCL for almost a decade now.
  • Joshi had missed out on being the head of HPCL on previous two occasions - first in August 2013 when Nishi Vasudeva was picked by PESB and again in October 2015 when Surana was selected.

SBI Gets All Approvals to Set up Bad Bank

  • Lenders will transfer 15 large ticket stress loans worth Rs. 50,000 crore in the first tranche to the National Asset Reconstruction Company (NARCL) by the end of March 2022 for resolution.
  • By current assessment, lenders have a total of 38 accounts involving aggregate loans of Rs. 83,845 crore, which have been identified for transfer, Dinesh Kumar Khara, Chairman, State Bank of India said.
  • This is scaled down target to compared to Rs. 2 trillion to be given to NARCL, also called as bad bank.

Jet Airways Appoints Priyapal Singh as its Accountable Manager

  • Grounded carrier Jet Airways appointed Priyapal Singh as its 'accountable manager', replacing Sudhir Gaur who resigned from the company late last year.
  • Singh, a squadron leader with IAF who has been associated with Jet Airways and JetLite in various capacities prior to its grounding in April 2019, moved back to Jet, which is now owned by the Murari Lal Jalan-Kalrock consortium, from the Nepal Airlines Corporation.
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SCIENCE & TECHNOLOGY

NASA's Mars Orbiter Finds Water Flowed on Red Planet Longer than Thought

  • It is commonly believed that water on Mars evaporated about 3 billion years ago.
  • But two scientists studying data from NASA`s Mars Reconnaissance Orbiter found signs of liquid water on the Red Planet as recently as 2 billion to 2.5 billion years ago, meaning water flowed there about a billion years longer than previous estimates.
  • The findings centre on the chloride salt deposits left behind as icy meltwater flowing across the landscape evaporated.
  • While the shape of certain valley networks hinted that water may have flowed on Mars recently, the salt deposits provide the first mineral evidence confirming the presence of liquid water.
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SPORTS

Australian Open: Mladenovic, Dodic Win Mixed Doubles Championship

  • Kristina Mladenovic of France and Ivan Dodig of Croatia defeated Australian players Jaimee Fourlis and Jason Kubler to win the mixed doubles championship.
  • Mladenovic also won the mixed doubles title at the Australian Open in 2014 with Daniel Nestor and has two women's doubles titles in 2018 and 2020 in Australia among her five major women's doubles titles.
  • Dodig has three other Grand Slam mixed doubles titles and two in men's doubles, including last year's Australian Open title with Filip Polek.
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NATIONAL AFFAIRS

Republic Day: 939 Police Personnel Awarded Medals

  • A total of 939 police personnel were awarded medals, including Police Medal for Gallantry, on the occasion of Republic Day 2022. Police personnel from Jammu and Kashmir were awarded 115 Police Medals for Gallantry, the highest number from any police force this year, followed by CRPF with 30, Chhattisgarh Police with 10, Odisha Police with nine, and Maharashtra Police with seven.
  • As many as 134 personnel were awarded for their gallant action in Jammu and Kashmir region, 47 personnel for their gallant action in Left Wing Extremist affected areas and one for gallant action in North-East Region. While 88 police personnel were awarded President's Police Medal for Distinguished Service, 662 were awarded Police Medal for Meritorious Service.

Govt. Appoints V. Anantha Nageswaran as New Chief Economic Advisor

  • The government appointed V. Anantha Nageswaran as its chief economic advisor (CEA) days before the tabling of the 2021-22 Economic Survey (on January 31) and the presentation of the 2022-23 Union Budget (on February 1).
  • He replaced Krishnamurthy Subramanian, who returned to academia in December after a three-year tenure as CEA.
  • Nageswaran, who has worked with UBS, Credit Suisse and Julius Baer, among others, is also a co-founder of a venture capital firm and the think-tank Takshashila Institution. He has authored three books.

Tamil Nadu Becomes 26th State to Align with Centre's Telecom RoW Rules

  • Tamil Nadu became the 26th state to issue Right of Way (RoW) rules for easing telecom infrastructure rollout in the state, in line with the guidelines issued by the Centre in November 2016, as per telecom industry bodies.
  • Delhi, Gujarat, Kerala and the union territory of Daman and Diu are yet to align their rules with the guidelines issued by the Centre to facilitate expeditious rollout of telecom networks.
  • Telecom industry body COAI appreciated the notification of the Tamil Nadu Telecom Infrastructure Policy 2022 and said the bye-laws are applicable to all city areas, municipal councils, town municipal councils, town panchayats, etc and include telecom towers and OFC (aerial and underground).
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AWARDS AND HONOURS

Sathyamangalam Tiger Reserve Bags TX2 Award

  • Sathyamangalam Tiger Reserve (Erode district, Tamil Nadu) was given the prestigious TX2 award after its tiger numbers doubled to 80 since 2010. Apart from the STR, the Bardia National Park in Nepal won this year's TX2 award for doubling the population of wild tigers. Sathyamangalam wildlife sanctuary was declared a tiger reserve in 2013 and the reserve that spreads across 1,411.60 sq km is an important link between the Nilgiris and Eastern Ghats landscape. The Nilgiri biosphere landscape that this reserve is part of is currently the home to the largest tiger population in the world. It is connected to other well-established tiger habitats like Mudumalai Tiger Reserve, Bandipur Tiger Reserve and BR Hills Tiger Reserve.
  • The award acknowledges the efforts by the State governments and the local communities which have played one of the most important roles to turn a relatively new tiger reserve into one of the source populations of tigers in India. The awards are presented by the Conservation Assured Tiger Standards (CA|TS), Fauna and Flora International (FFI), Global Tiger Forum (GTF), IUCN's Integrated Tiger Habitat Conservation Programme (ITHCP), Panthera, UNDP, The Lion's Share, Wildlife Conservation Society (WCS) and WWF.
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GENDER/ HEALTH/ EDUCATION

DU Issues Notification to Discontinue M.Phil from Next Academic Session

  • The Delhi University issued a notification stating that M.Phil will be discontinued from the next academic session in line with the National Education Policy-2020.
  • The university will be implementing the policy from 2022-23.
  • However, a section of teachers criticised the move to discontinue the degree, saying it will be disadvantageous for students who are not economically strong and even for women.

IGNOU Launches BA Courses in Urdu and Sanskrit

  • The School of Humanities, IGNOU, launched Bachelor of Arts (Hons) Sanskrit (BASKH) and Bachelor of Arts (Hons) Urdu (BAUDH), which will be offered from the January 2022 admission session.
  • Nageshwar Rao, vice chancellor, IGNOU, in his presidential address at the launch of programmes said that many Urdu words are used by all of us in our daily lives and the amalgamation of the languages makes our culture unique.
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TOURISM AND HOTEL INDUSTRY AWARENESS

Malaysia's AirAsia Renamed Capital A

  • Malaysia's AirAsia Group changed the name to Capital A to reflect the diversity of its business portfolio as it seeks to grow its non-airline revenue.
  • Capital A, operating as AirAsia, is a Malaysian multinational low-cost airline headquartered near Kuala Lumpur, Malaysia. It is the largest airline in Malaysia by fleet size and destinations.
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