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Union Minister Jitendra Singh Inaugurates a Program of CBC: ‘Innovations in Public Administration’On 4th February 2022 Dr Jitendra Singh, Union Minister of State (Independent Charge) Science & Technology inaugurated ‘Innovations in Public Administration’ program of Capacity Building Commission (CBC) of Mission Karmayogi to identify successful innovations in public service pioneered by civil servants.
About the Inauguration of CBC:
i.CBC Knowledge Repository will be created which can be accessed by anyone for scaling up India’s successful innovations.
ii.This will serve as case studies for capacity building of present and future civil servants and India can also become a global repository of case studies of civil servants for successful innovations.
i.The event also marked the launch of the web portal https://innovateindia.mygov.in/cbc-inviting-innovations through which CBC invites all Government Employees to share their successful innovations.
- The portal would be open from 4th February 2022 to 5th March 2022 for government employees to share innovations undertaken by them.
ii.The Selected Innovators will have the opportunity to showcase their leadership, creativity and initiatives to enhance governance and public service delivery in the Annual Health of Civil Services Report.
- An Annual Health of Civil Services Report will be released for the 1st time after 75 years of India’s Independence.
About Mission Karmayogi:
i.Mission Karmayogi , a National Programme for Civil Services Capacity Building (NPCSCB) aims to create competent civil servants through institutional and process reforms.
- Through Mission Karmayogi, the ultimate objective of the Governance is to bring ‘Ease of Living’ for the common man of India.
ii.Mission Karmayogi is guided by 8 principles, From Rule to Role, Democratising Opportunities, Continuous Guided Learning, Citizen Centricity, 70-20-10 Learning Mandate, Accountability, De-Siloisation, Participative, Responsive and Intelligent Governance
About Capacity Building Commission (CBC):
CBC ensures transforming the Indian civil services learning ecosystem with the objective to enable a smart, accountable, citizen centric and effective public service.
Establishment – 1st April 2021
Chairman – Adil Zainulbhai
Mumbai-Ahmedabad High-Speed Rail: Surat to Become the 1st Station to be Ready for India’s 1st Bullet Train
Surat (Gujarat) is set to become the first station to be ready between Mumbai – Ahmedabad Bullet Train route for India’s first futuristic High Speed Rail project, Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor.
- MAHSR corridor will cover 12 stations in total which includes, Surat, Vadodara, Anand, Ahmedabad, Sabarmati, Bilimora, Bharuch, Mumbai, Thane, Virar, Boisar, Vapi stations.
- National High Speed Rail Corporation Ltd. (NHSRCL) is the implementing agency for the project.
About MAHSR Corridor:
i.The construction of the first Bullet train in India, which will connect Ahmedabad and Mumbai, has began in September 2017.
ii.The 508 Km long high speed rail corridor build with the support of Japan, is expected to be completed by 2022.
iii.The train will operate at a speed of 320kmph and 350 km per hour is the Maximum Design Speed- of the train.
i.The bullet train will reduce the travel time between Mumbai and Ahmedabad from 7-8 hours to 2-3 hours.
ii.India’s first bullet train will operate between Surat and Bilimora in 2026.
i.As of 2022, the Railway ministry has acquired 98.62% land (941.13 Ha out of 954.28 Ha) has been acquired in Gujarat, complete acquisition of 7.90 Ha land in Dadra and Nagar Haveli Union Territory, 56.39% land (244.63 Ha out of 433.82 Ha) has been acquired from Maharashtra.
ii.This includes 925 Ha of private land.
Salesforce Global Digital Skills Index 2022: India Leads in Digital Skills ReadinessSalesforce, a leading player in Customer Relationship Management (CRM), published the 2022 Global Digital Skills Index which highlights the growing global digital skills crisis and the need for action. India has scored 63 out of 100, leads the digital skills readiness and has the highest readiness index among the 19 counties.
The average global readiness score was 33 out of 100.
About 2022 Global Digital Skills Index:
i.The 2022 Global Digital Skills Index, is based on a survey on around 23000 workers across 19 countries about digital skills, including their impact on the future of work, concerns about job readiness, and the significance of continuous learning.
ii.Three major skills gaps identified in the 2022 global index are: The everyday skills gap, The generational skills gap, and The leadership a
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BANKING & FINANCE
Indian Company’s ECB Jumps 19 Percent to USD 23.28 Billion in 9M FY22According to the Reserve Bank of India (RBI) data, the overseas borrowings of Indian companies stood at USD 23.28 billion in the first 3 quarters of the FY22 (April, 2021 -December, 2021) as against USD 19.53 billion during FY21 (April-December, 2020) and had jumped over 19 percent in the first nine months of the current fiscal (9MFY22).
About External Commercial Borrowings (ECB):
An external commercial borrowing (ECB) refers to the loans taken from non-resident lenders i.e. the foreign companies with a minimum average maturity (3 years) which can be availed through the automatic or the approval route.
- ECBs include commercial bank loans, buyers’ credit, suppliers’ credit, securitized instruments such as floating rate notes and fixed rate bonds etc,.
About Reserve Bank of India (RBI):
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra
Governor – Shaktikanta Das
Deputy Governors – Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
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SIDBI inks MoU with CDAC to collaborates in Cyber Security & allied Sectors
Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) with the Centre for Development of Advanced Computing (C-DAC), a premier R&D organization under the Ministry of Electronics and Information Technology (MeitY), to boost collaboration in Cyber Security and Allied sectors.
What is in the MoU?
Under the agreement both SIDBI and C-DAC will collaborate to explore innovation and use of emerging technologies in the areas of Cyber Security, AI (Artificial Intelligence), block chain, etc. and related training and capacity building aspects in the Banking Sector.
Note – In August 2021, SIDBI launched ‘Digital Prayaas’ an app-based digital lending platform to facilitate loans to entrepreneurs from low-income groups.
The agreement was signed between Sudatta Mandal, Deputy Managing Director, SIDBI, and Magesh E, Executive Director, C-DAC.
About Small Industries Development Bank of India (SIDBI):
It acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector.
Headquarters- Lucknow, Uttar Pradesh
Chairman & MD- Sivasubramanian Ramann
Founded- 2nd April 1990
ECONOMY & BUSINESS
HPCL Launches Branded Store ‘Happy Shop’
The Hindustan Petroleum Corporation Limited (HPCL) has launched convenience stores under the brand name ‘HappyShop’. ‘HappyShop’ is a non-fuel retail sector of HPCL. The new happy shops are opened at the HPCL’s Auto Care Centre, Bandra West in Mumbai, Maharashtra and Millennium Retail Outlet in Visakhapatnam, Andhra Pradesh.
- The customers of the HPCL will be able to browse and shop the goods through the HP Pay App.
- ‘[email protected] HP’ the packaged drinking water of HPCL is also marketed across the retail outlets of HPCL.
AWARDS & RECOGNITIONS
Karnataka Bank awarded with DX 2021 Award from CII for Digital Transformation Karnataka Bank was awarded with the Digital Transformation Award (DX 2021 Awards), in recognition of the “innovative” best practice ‘KBL VIKAAS’, by the Confederation of Indian Industry (CII) for Best Practice in Digital Transformation.
i.KBL VIKAAS, is a digital service launched by Karnataka Bank in 2017, to provide a better digital experience to customers including Asset & Liability products & enhanced customer services.
ii.In 2021, Karnataka Bank also launched the digital transformation journey ‘KBL NxT’ as part of ‘KBL VIKAAS 2.0’, with an objective of taking the digital initiatives more efficiently.
About Confederation of Indian Industry (CII):
President– T. V. Narendran
Headquarters- New Delhi, India
In 1992, Confederation of Engineering Industry (CEI) was renamed as Confederation of Indian Industry (CII).
About Karnataka Bank:
MD & CEO- M.S. Mahabaleshwara
Headquarters– Mangalore, Karnataka
APPOINTMENTS & RESIGNATIONS
PESB recommends Captain BK Tyagi as next CMD of Shipping Corporation of IndiaThe Public Enterprises Selection Board (PESB) panel has recommended the name of Capt. Binesh Kumar Tyagi (BK Tyagi) to be the next Chairman & Managing Director (CMD) of Shipping Corporation of India (SCI), a PSU (Public Sector Undertaking) under the Ministry of Ports, Shipping and Waterways.
- He will succeed current CMD of SCI, HK Joshi, who is set to superannuate on 31st May, 2022.
i.Capt. Binesh Kumar Tyagi graduated from Meerut University, Uttar Pradesh and joined SCI as a Trainee Nautical Officer in 1990.
ii.He is currently serving as Director (Liner & Passenger Services) in the SCI.
iii.He is also holding additional charge as Director (Technical & Offshore Services) of SCI.
Note- Shipping Corporation of India (SCI), Bharat Earth Movers Limited (BEML), and Bharat Petroleum Corporation Limited (BPCL) are under Central government’s strategic disinvestment target of Rs 1.75 lakh crore for FY23.
About Shipping Corporation of India (SCI):
Inland & Coastal Shipping Ltd, is a wholly owned subsidiary of SCI, incorporated in 2016
Headquarters- Mumbai, Maharashtra
Founded- 2nd October 1961
IndiGo Appointed Co-founder Rahul Bhatia as Managing Director IndiGo (InterGlobe Aviation Ltd), an Indian low-cost airline, has appointed its co-founder and promoter Rahul Bhatia as the new Managing Director (MD) of IndiGo with immediate effect for a period of 5 years.
- The appointment of Rahul Bhatia was unanimously approved by the Board of Directors, subject to the approval of the shareholders.
- InterGlobe Enterprises is the parent company of IndiGo.
As the MD, Rahul Bhatia, will oversee all the aspects of the airline and lead the management team.
Rahul Bhatia will aim to transform and focus on expanding IndiGo’s presence in India and in international markets and building for the long term.
About Rahul Bhatia:
i.Rahul Bhatia is the non-executive Vice Chairman of InterGlobe Enterprises.
ii.He established InterGlobe Enterprises in 1989 with its flagship business of Air Transport Management.
About IndiGo (InterGlobe Aviation Ltd):
CEO– Ronojoy Dutta
Headquarters- Gurugram, Haryana
Vice Chancellor of JNU – Jagadesh Kumar appointed as Chairman of UGCOn 4 February 2022, the Vice-Chancellor (VC) of Jawaharlal Nehru University (JNU), Mamidala Jagadesh Kumar was appointed as the Chairperson of the University Grants Commission (UGC). He is appointed for a period of five years (2022-2027), or until he turns 65, whichever is earlier.
- M. Jagadesh Kumar will succeed Prof D P Singh, the former UGC Chairman, who resigned in December 2021 after superannuation.
i.Jagadesh Kumar successfully completed his five-year term as VC of JNU, which ended in January 2021, but he was asked to stay on till a successor is picked.
ii.He is a graduate of IIT(Indian Institute of Technology) Madras (Chennai), Tamil Nadu.
iii.He also served as professor in IIT-Delhi’s Department of Electrical Engineering.
About University Grants Commission (UGC):
i.In 1944, the Sargeant Report, for the first time proposed the formation of a National system of education in India.
ii.In 1948, the University Education Commission under the Chairmanship of Dr. S Radhakrishnan recommended the formation of UGC.
iii.The Commission provides recognition to universities in India and disburses funds for development of such recognised universities and colleges.
Established – 1956
Headquarters- New Delhi, Delhi
Six regional offices- Bengaluru, Bhopal, Guwahati, Hyderabad, Kolkata and Pune.
ACQUISITIONS & MERGERS
ICICI Bank Raises Stake in IICC at GIFT IFSC City to 9.9 percentICICI Bank Limited has bought additional stake in India International Clearing Corporation (IICC) at International Financial Services centre (IFSC) in Gujarat International Finance Tec-City (GIFT City), Gujarat for Rs 4.43 crore, raising to 9.90 percent.
- Around 44,262,356 equity shares at Rs. 1 per share were allotted to ICICI Bank on 2nd February 2022 for a cash consideration of Rs 44.3 million (Rs 4.43 crore).
- After this investment, ICICI Bank’s shareholding increased from 7.61 percent to 9.90 percent of the equity share capital of IICC.
i.IICC is the 1st international clearing corporation set up at GIFT IFSC, Gujarat in September 2016.
ii.It clears and settles index and single stock derivatives, commodity derivatives, currency derivatives and debt securities.
iii.Its revenues in FY21 were Rs 1.8 crore (Rs 18 million), and loss was around Rs 3 crore (Rs 30 million).
About ICICI Bank Limited:
Establishment – 1994
Headquarters – Mumbai, Maharashtra
MD & CEO – Sandeep Bakhshi
Tagline – ‘Hum Hain Na Khayal Apka’
SCIENCE & TECHNOLOGY
Google Launches New Chromebook devices for Teachers, StudentsGoogle has introduced a new line of secure and sustainable Chromebook devices for education. The devices with updated programmes, resources and Chrome OS, advances will play a major role in the classroom and support 50 million students and teachers to learn and collaborate from any location.
- With the same OS as their students, the teachers can support them to troubleshoot and navigate the latest updates.
- Chromebooks run on Chrome OS, a Google operating system (OS), based on the Google Chrome browser,
i.The new Chromebook discovery page allows the search for device capabilities like graphic design and lesson planning.
ii.The Chromebook discovery page will also enable to find which Chromebooks features like Long-Term Evolution (LTE) connectivity, improved video conferencing and camera-based document scanning.
Acer Chromebook Spin 713, HP Elite Dragonfly Chromebook and Lenovo ThinkPad C13 Yoga Chromebook, the new teacher inspired Chromebooks have improved stylus capabilities, design and performance.
NASA Plans to Deorbit ISS into Pacific Ocean in 2031According to The National Aeronautics and Space Administration (NASA), the International Space Station (ISS), launched in 1998 will deorbit in January 2031 that drops into the most remotest point in the Pacific Ocean in 2031. ISS will continue its operations till 2030.
- NASA has also signed agreements with 3 private companies to launch commercial space stations for use by both private companies and government astronauts.
About National Aeronautics and Space Administration (NASA):
NASA is a United States independent agency that is responsible for science and technology related to air and space.
Establishment – 1957 (started business on 1st October 1958)
Headquarters – Washington, D.C., United States
Administrator – Bill Nelson
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Veteran Sri Lankan Cricketer Suranga Lakmal to Retire from International Cricket
Suranga Lakmal (full name: Ranasinghe Arachchige Suranga Lakmal) (34 years old), a veteran Sri Lankan cricketer, announced retirement from international cricket after Sri Lanka’s tour of India which ends in March 2022. He has signed a 2-year contract to join Derbyshire County Cricket Club, one of the first-class county clubs within the domestic cricket structure of England and Wales.
- He made his international debut in 2009 and he has played 68 Tests and 86 One Day International (ODI).
- He has also captained the Sri Lankan Test team in 5 matches in 2018.
‘Kabir of Karnataka’ Padma Shri Ibrahim Nabisaheb Sutar Passed Away Padma Shri Ibrahim Nabisaheb Sutar, a social worker fondly referred to as ‘Kabir of Karnataka’, has passed away in Mahalingpur, Bagalkot, Karnataka. He was born in Mahalingpur, Karnataka.
About Ibrahim Nabisaheb Sutar:
i.Ibrahim Nabisaheb Sutar was a part of the group that floated ‘Bhaivaikyada Janapada Sangeetha Mela’ in 1970.
ii.The government of India has honoured him with Padma Shri in 2018 for art.
iii.The government of Karnataka has honoured him with the Rajyotsava Award, the 2nd highest civilian honour of Karnataka, in 1995.
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Current Affairs Today (AffairsCloud Today)
|S.no||Current Affairs 6 & 7 February 2022|
|1||Union Minister Jitendra Singh Inaugurates a Program of CBC: ‘Innovations in Public Administration’|
|2||Mumbai-Ahmedabad High-Speed Rail: Surat to Become the 1st Station to be Ready for India’s 1st Bullet Train|
|3||Salesforce Launches 2022 Global Digital Skills Index: India tops Digital Readiness, scored 63 out of 100|
|4||Indian Company’s ECB Jumps 19 Percent to USD 23.28 Billion in 9M FY22|
|5||SIDBI inks MoU with CDAC to collaborates in Cyber Security & allied Sectors|
|6||HPCL Launches Branded Store ‘Happy Shop|
|7||Karnataka Bank awarded with DX 2021 Award from CII for Digital Transformation|
|8||PESB recommends Captain BK Tyagi as next CMD of Shipping Corporation of India|
|9||IndiGo Appointed Co-founder Rahul Bhatia as Managing Director|
|10||Vice Chancellor of JNU – Jagadesh Kumar appointed as Chairman of UGC|
|11||ICICI Bank Raises Stake in IICC at GIFT IFSC City to 9.9 percent|
|12||Google Launches New Chromebook devices for Teachers, Students|
|13||NASA Plans to Deorbit ISS into Pacific Ocean in 2031|
|14||Veteran Sri Lankan Cricketer Suranga Lakmal to Retire from International Cricket|
|15||‘Kabir of Karnataka’ Padma Shri Ibrahim Nabisaheb Sutar Passed Away|