Daily Current Affairs for BBA & Hotel Management Exam: 4th February 2022

By Rajat Pandey|Updated : February 4th, 2022
  • Current Affairs plays a vital role in the preparation of BBA & IPM and HM Entrance exams. Current Affairs keep you update about the happenings around the world. The majority of questions asked in the exam are from the latest current affairs. 
  • Current Affairs not only keeps you up to date but also provides you a better perspective and knowledge about the important burning issues worldwide.

 National & International Appointments

1. Former civil servant Ravi Mittal appointed as Chairperson of IBBI

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  • Former secretary, Department of Sports, Ravi Mittal (1986 batch IAS offier of Bihar cadre) has been appointed as Chairman of Insolvency and Bankruptcy Board of India (IBBI).
  • Tenure: five years or till he attains 65 years of age, whichever is early.
  • He replaced Navrang Saini, who was serving as chairman of IBBI in additional charge.
  • IBBI: regulator for overseeing insolvency proceedings and entities.
  • IBBI's Headquarters: New Delhi
  • Founded: 2016.

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 Science & Technology

2. ISRO to launch Chandrayan-3 in August 2022

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  • Indian Space Research Organization (ISRO) will launch its third venture to the Moon through Chandrayaan-3 mission in August 2022.
  • Chandrayaan-3 mission-related hardware and their tests are successfully completed
  • The year 2022 will also witness launch of major projects of ISRO like Gaganyaan and Aditya solar mission.
  • Chandrayaan-1: India's first mission to Moon, was launched successfully in 2008 from Sriharikota
  • Chandrayaan-2 was launched in 2019.

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 National Affairs

3. Aravalli Biodiversity Park in Gurugram designated as India’s 1st OECM site

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  • Aravalli Biodiversity Park situated in Gurugram, Haryana, has been declared as India’s first OECM (Other Effective Area-based Conservation Measures) site on World Wetlands Day (Feb 2, 2022).
  • The OCEM tag is given by International Union for Conservation of Nature (IUCN) to those areas that are not protected but support rich biodiversity.
  • The tag designates the area as a biodiversity hotspot on international map.
  • It is spread across 390 acres and has semi-arid vegetation

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 Important Dates

4. World Cancer Day 2022: 4th February

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  • World Cancer Day is observed every year on 4th February across the world by the Union for International Cancer Control (UICC).
  • World Cancer Day 2022 theme: ‘Close the Care Gap’
  • Aim: to raise awareness and education about cancer and encourage governments and individuals across the world to act against the prevention, detection, and treatment of the disease.
  • World Cancer day was introduced in 2000.

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 Science & Technology

5. IISc commissions India’s most powerful supercomputers ‘Param Pravega’

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  • Indian Institute of Science (IISc), Bengaluru has installed and commissioned one of the most powerful supercomputers in India, ‘Param Pravega’.
  • Param Pravega:
    • It is the largest supercomputer in an Indian academic institution.
    • Supercomputing capacity of 3.3 petaflops (1 petaflop equals a quadrillion, or 1015 operations per second)
    • Designed by Centre for Development of Advanced Computing (C-DAC) under National Supercomputing Mission (NSM).

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 Banking & Finance

6. RBI cancelled license of Independence Co-operative Bank Limited

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  • RBI has cancelled the license of Independence Co-operative Bank Limited, Nashik due to inadequate capital and earning prospects
  • Independence Co-operative Bank Limited will not be allowed to carry out any operations and a liquidator will be appointed soon.
  • Its present financial position is such that it will not be able to pay its depositors in full and public interest would be adversely affected if the bank is allowed to carry on with its business.

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 Agreement

7. SBI inks MoU with Ministry of Culture for Atmanirbhar Bharat Centre

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  • SBI has signed MoU with Indira Gandhi Centre for the Arts (IGNCA) and National Culture Fund (NCF) of Ministry of Culture for Development of Atmanirbhar Bharat Centre for Design (ABCD) at Red Fort, in Delhi.
  • Aim: to highlight, promote and celebrate the products that have the Geographical Indication sign to give a boost to Economic Value Addition to GI products from India.
  • It will be implemented by IGNCA, through ministry’s NCF fund
  • SBI will sponsor the project under CSR

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 Agreement

8. Vedanta ties up with Union Bank to take over syndicated facility

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  • Metal and mining giant Vedanta Ltd has tied up a facility of ₹8,000 crore with Union Bank of India to take over majority of syndicated facility.
  • Vedanta generally conducts proactive liability management exercise to achieve optimal capital structure.
  • During 2020, Vedanta Ltd had tied up syndicated facility of ₹10,000 crore with State Bank of India as lead bank at a running cost of 10.5 per cent (Syndicated Facility)

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 Summits & Conferences

9. Indian Chamber of Commerce organizes programme on Export Controls

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  • Ministry of External Affairs, in collaboration with Indian Chamber of Commerce has organized an outreach programme on Export Controls focusing on start-ups in various sectors of the economy.
  • It was aimed at enhancing awareness about regulations for export of sensitive, dual-use goods and technology.
  • The outreach shared relevance of export control systems in the context of India’s integration with global economy, international non-proliferation framework, etc.

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 Sports

10. Beijing 2022 Winter Olympics three-day torch relay began

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  • Beijing 2022 Winter Olympics torch relay has begun amid diplomatic boycotts and ongoing Covid-19 outbreaks.
  • Beijing 2022 Organizing Committee had shortened the relay route and the number of torchbearers were also reduced to 1200.
  • It started at the Beijing Olympic Forest Park and will travel through Great Wall and the Summer Palace, among other locations in Beijing, and concludes at ‘Bird’s Nest’ National Stadium for opening ceremony.
  • The Games will open on February 4

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 International Affairs

11. Foundation stone laid for new border haat on Bangladesh-India border

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  • Chief Minister of Tripura Biplab Kumar Deb and Bangladesh Commerce Minister Tipu Munshi has laid foundation stone of third border haat at Kamalpur-Kumarghat on Tripura-Bangladesh border
  • It will enhance trade relations and strengthen friendly relationship 
  • Apart from this, 8 border haats are proposed to be built on the border between Tripura and Bangladesh out of which 2 are already functional at Kamalasagar in Sepahijala district and Srinagar in South Tripura district

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 Science & Technology

12. Nasa plans to plunge the ISS into South Pacific Ocean in 2031

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  • NASA has announced that International Space Station (ISS) will cease operations in 2031, and will fall into South Pacific Ocean.
  • Mission control of ISS will first lower its altitude, before spacecraft begins its descent into South Pacific Oceanic Uninhabited Area (SPOUA) in an area known as Point Nemo.
  • ISS: modular space station in low Earth orbit and is multinational collaborative project of NASA, Roscosmos, JAXA, ESA, and CSA.
  • Launched: 1998

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 State Affairs

13. Maharashtra tops the list of newly recognized startups and unicorns

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  • Maharashtra tops the list of newly recognized startups and unicorns, as per Economic Survey 2021-22.
  • Maharashtra recognized 11,308 of total 14,000 startups that began operations in the current financial year.
  • Out of 44 Unicorn companies, 11 are based in the state.
  • Initiatives like Startup Week, Incubation Cells, Hackathon are regularly carried out, helping the state to reach this height
  • Maharashtra also ranks 2nd on Niti Aayog’s Innovation Index 2020

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