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General Awareness

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Daily G.K. - Top Stories

12 Jun 2022

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

Virtual Meeting of Finance Ministers and Central Bank Governors of BRICS Chaired by China

  • The BRICS nations comprising Brazil, Russia, India, China and South Africa vowed to deepen financial cooperation and customs cooperation. BRICS countries agreed to strengthening coordination on macroeconomic policy at a virtual meeting of finance ministers and central bank governors of the five-member bloc which was co-chaired by China's central bank governor Yi Gang and finance minister Liu Kun.
  • Finance minister Nirmala Sitharaman, who participated virtually in the meeting, said that India's growth will be driven by fiscal spending. Ms. Sitharaman said BRICS should continue to serve as a platform to engage in dialogues and facilitate the exchange of experiences, concerns and ideas for rebuilding a sustainable and inclusive growth trajectory.
  • China's bilateral trade with BRICS countries totaled 490.42 billion U.S. dollars in 2021, up 39.2 percent year on year, higher than the overall level of China's foreign trade in the same period.
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BUSINESS AND ECONOMY

Bharat BillPay Onboards CRED as a Key Agent Institution

  • National Payments Corporation of India (NPCI) subsidiary NPCI Bharat BillPay on-boarded digital payments platform CRED as a key agent institution for providing easy bill payment solutions to CRED members. An agent institution refers to an entity that either wishes to or currently offers the customers services like bill payment, collection and aggregation services via physical or digital channels.
  • With this collaboration, CRED users will be able to make recurring bill payments like electricity, telecom, DTH, gas, education fees, water and municipal taxes conveniently. They will also be able to see updated transaction history, set transaction alerts and reminders and raise/track complaints online for Bharat BillPay transactions using the CRED app. As an agent institution, CRED will create member touchpoints, provide member assistance (registration, quickpay, complaint resolution), instant confirmation, awareness (payment and charges), BBPS visibility, etc.

RBI Raises Individual Housing Loan Limit for Co-operative Banks

  • RBI, in a monetary policy statement, said it is raising the existing limits on individual housing loans by cooperative banks due to an increase in housing prices since the last revision and after factoring in customer needs. These limits were last revised for UCBs in 2011 and for RCBs in 2009. The limits for tier-I/ tier-II UCBs stand revised from Rs. 0.30 crore to Rs. 0.60 crore and Rs. 0.70 crore to Rs. 1.40 crore, respectively.
  • As regards rural co-operative banks, the limits stand revised from Rs. 20 lakh to Rs. 50 lakh for RCBs with assessed net worth less than Rs. 100 crore and for other RCBs, the limits would increase from Rs. 0.30 crore to Rs. 0.75 crore. RBI will communicate detailed norms separately.

Nirmala Sitharaman Launches EASE 5.0 'Common Reforms Agenda' for PSBs

  • Enhanced Access and Service Excellence-EASE evolved over four annual editions from FY19 to FY22 and has catalyzed reforms in diverse areas in Public Sector Banks. EASE 5.0 'Common reforms agenda' of EASENext program has been developed for Public Sector Banks and was launched through video-conferencing by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in New Delhi. The event was attended virtually by Managing Directors and CEOs, and other senior executives of Public Sector Banks.
  • Under EASE 5.0, PSBs will continue to invest in new-age capabilities and deepen the ongoing reforms to respond to evolving customer needs, changing competition and the technology environment. EASE 5.0 will focus on digital customer experience, and integrated & inclusive banking, with emphasis on supporting small businesses and agriculture.
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SCIENCE & TECHNOLOGY

NASA to Launch 3 Rockets from Private Australian Space Port

  • NASA will launch a research rocket from remote northern Australia in the agency's first blast off from a commercial space port outside the United States. Three suborbital sounding rockets will be launched from the Arnhem Space Center on Indigenous-owned land near the mining town of Nhulunbuy in the Northern Territory on June 26, July 4 and 12. The launch site was chosen because it is in the Southern Hemisphere and close to the equator.
  • The 12.2-meter (40-foot), 2,200-kilogram (4,900-pound), Canadian-designed Black Brant IX rockets would focus on the Alpha Centauri A and B star systems. A third mission would study X-rays emanating from the interstellar medium — the clouds of gases and particles in the space between stars.
  • Prime Minister Anthony Albanese welcomed the first NASA rocket launch in Australia since 1995. The launch site then was a military rocket range near Woomera in South Australia State.
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SPORTS

Indian Shooters Win Gold in 10 Meter Air Pistol Mixed Team Event in France

  • Rubina Francis and Manish Narwal won the 10m P6 air pistol mixed team event to clinch India's third gold medal at the ongoing World Shooting Para Sport World Cup in Chateauroux, France.
  • Narwal and Francis, who aggregated a world record qualifying score of 565 to enter the final at the top position, defeated Chinese pair of Yang Chao and Min Li 17-11 in the title clash.
  • The Indian pair totalled 274.3.
  • Tokyo Paralympics gold medallist Narwal scored 138.7 in the final six shots. He shot consistent scores of 10s and 9s, but Francis also matched her fancied partner with 9s, a few 8s and 10.

Avani Lekhara, a Shooter, Sets World Record to Win Gold at the Para World Cup

  • Avani Lekhara, the Tokyo Paralympics winner, won gold in the Para Shooting World Cup in Chateauroux, France, with a world record score of 250.6 in the women's 10m air rifle standing SH1. The 20-year-old shooter shattered her own world record of 249.6 to qualify for the 2024 Paralympic Games in Paris. Emilia Babska of Poland won silver with a score of 247.6, while Anna Normann of Sweden took bronze with a score of 225.6.
  • The SH1 category is for athletes competing in rifle events who have a lower limb handicap.
  • Lekhara won the top prize three days after her coach and escort were denied visas and she was in danger of missing the tournament. Lekhara won gold in the 10m air rifle standing event in the SH1 category at the Tokyo Paralympics in August 2021.

Tamil Nadu's CM Unveils the 44th Chess Olympiad's Logo, Mascot

  • M.K. Stalin, the Chief Minister of Tamil Nadu, unveiled the logo and mascot for the 44th Chess Olympiad, which will take place in Mamallapuram next month. Between July 28 and August 10, approximately 2,000 players from over 180 countries will compete in the international event. Mr. Stalin also unveiled a countdown clock for the Olympiad at the Greater Chennai Corporation's headquarters, Ripon Buildings.
  • The Chess Olympiad torch will be carried across the country soon before being lit in the venue on the first day of the competition.
  • After the World Championship encounter between India's Viswanathan Anand and Magnus Carlsen in 2013, this is Chennai's second big international chess event. The international tournament preparations are moving at a breakneck speed.
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DAYS AND EVENTS

World Day Against Child Labour

  • The Significance of the World Day Against Child Labour is to pay attention to the problem of child labour and to find ways to eradicate it. The day is used to spread awareness about the harmful mental and physical problems faced by children forced into child labour, all over the world.
  • World Day Against Child Labour Theme 2022 "Children Shouldn't work in fields, but on dreams".
  • Social protection is both a human right and a potent policy tool to prevent families from resorting to child labour in times of crisis. However, as of 2020 and before the COVID-19 crisis took hold, only 46.9 per cent of the global population was effectively covered by at least one social protection benefit. Coverage for children is even lower. Nearly three quarters of children, 1.5 billion, lacked social protection.
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GOVERNMENT POLICIES AND SCHEMES

Himachal Cabinet Gives Nod to Drone Policy

  • The Himachal Cabinet gave nod to the Himachal Pradesh Drone Policy 2022 with the objective of propagating Drone-enabled technology for heralding economic prosperity and creating employment avenues.
  • The policy envisions creating a holistic Drone ecosystem built upon the foundation of Governance And Reforms Using Drones (GARUD). It aims at harnessing digital sky opportunities through institutional linkages with the National Education Policy, 2020, HP Industrial Investment Policy, HP Start-up/Innovation Scheme, National Skill Qualification Framework for ensuring future readiness of students and empowering them to access the job opportunities in the Drone Sector.

Sagarmala Young Professional Scheme

  • Ministry of Ports, Shipping and Waterways launched a scheme called "Sagarmala Young Professional Scheme", in a bid to engage talented, dynamic and forward-thinking young professionals in different divisions of the Ministry.
  • Sagarmala Young Professional scheme focuses on active on-the-ground learning for young professionals.
  • Through this scheme, these professionals will gain the opportunity to learn about functioning of government and developmental policy concerns.
  • Under the scheme, over 25 young professionals will be hired.
  • They will be required to have qualification in B. E or B. Tech, B. Planning or MBA or equivalent degree in relevant subject or field, apart from a minimum three year of relevant work experience.
  • Initially, they will be engaged for 2 years, which is extendable to additional 2 years based on performance.
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GENDER/ HEALTH/ EDUCATION

'First Time in History': Cancer Vanishes for every Patient in Drug Trial

  • An Indian-origin patient was among those who had a "miracle" cure using a cancer medication that is being tried out by a research centre, achieving an unprecedented healing rate when all 14 patients in the trial had their cancers disappear.
  • In the trial at the Memorial Sloan Kettering (MSK) Cancer Centre in New York using dostarlimab, "the rectal cancer disappeared after immunotherapy -- without the need for the standard treatments of radiation, surgery, or chemotherapy -- and the cancer has not returned in any of the patients, who have been cancer-free for up to two years.
  • According to researchers, this was the first time that all the patients in a cancer trial were completely healed with a medication and they did not have serious side-effects.
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