Daily Current Affairs for BBA & IPM and HM Entrance Exams: 5th January 2022

By Rajat Pandey|Updated : January 5th, 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. Alka Mittal becomes first woman to head ONGC as CMD

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  • Alka Mittal has been appointed as the interim chairman and managing director of Oil and Natural Gas Corporation (ONGC) with effect from January 1, 2022, or until further orders.
  • She is the first woman to head the country’s largest oil and gas producer.
  • She replaced Subhash Kumar, who retired on December 31.
  • She has been appointed for a period of six months.
  • She was also the first woman to join ONGC’s board on November 27, 2018.
  • ONGC's Headquarters: New Delhi.

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 National & International Appointments

2. Ajay Kumar Choudhary, Deepak Kumar promoted as Executive Directors of RBI

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  • Deepak Kumar and Ajay Kumar Choudhary have been promoted as new executive directors of Reserve Bank of India (RBI).
  • Prior to this, Deepak Kumar was heading the Department of Information Technology of RBI, while Choudhary was Chief General Manager-in-Charge, Department of Supervision.
  • As executive director, Deepak Kumar will look after Foreign Exchange Dept, Dept of Communication and Deposit Insurance and Credit Guarantee Corporation, wholly owned subsidiary of RBI.

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 Arts & Culture

3. Ministry of Culture to undertake 1st ever cultural survey of Indian village

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  • Government-promoted CSC SPV in collaboration with Ministry of Culture, will undertake the first-ever cultural survey of India's villages through mobile application
  • The survey is titled as 'Mera Gaon, Meri Dharohar'
  • It will document the cultural identity at village level by involving citizens to share what makes their village, block, or district unique
  • It builds upon a successful track record of CSCs engaging enumerations like 7th Economic Census and some other surveys 

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 Obituaries

4. Social worker Sindhutai Sapkal passes away

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  • Renowned social worker Sindhutai Sapkal (74 years) passed away, following a heart attack at a private hospital in Pune
  • He is fondly known as 'orphan children's mother'.
  • She raised over 1,050 orphan children and could boast of having 207 sons-in-law and 36 daughters-in-law.
  • Marathi biopic on her ‘Mee Sindhutai Sapkal’ was released in 2010
  • She was awarded Padma Shri, Nari Shakti Puraskar, apart from 750 awards and honours

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 Banking & Finance

5. IRDAI sets new norms for surety insurance business and market

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  • Insurance Regulatory and Development Authority of India (IRDAI) has come out with guidelines, titled ‘IRDAI (Surety Insurance Contracts) Guidelines, 2022’
  • Aim: to ensure orderly development of the surety insurance business and surety bonds market.
  • It will come into effect from April 1, 2022.
  • As per the new guidelines, surety contracts will include advance payment bond, bid bond, contract bonds, customs and court bond, performance bonds and retention money.

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 International Affairs

6. Apple becomes first company to touch $3 trillion market cap

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  • Apple Inc. became 1st company with stock-market value above $3 trillion, shattering yet another record
  • Its share price has climbed steadily for years, leaving it up more than 200% since Covid lockdown in early 2020 and underlined centrality of technology for work, education, entertainment, etc
  • Apple shared $2 trillion market value club with Microsoft Corp, which is now worth $2.5 trillion
  • Alphabet Inc, Amazon.com and Tesla Inc have market values above $1 trillion

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 Banking & Finance

7. Airtel Payments Bank designated as scheduled bank by RBI

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  • Airtel Payments Bank Ltd. has been included in the Second Schedule of Reserve Bank of India Act, 1934 which means it has been categorized as a Scheduled Bank.
  • With this, bank can now pitch for government-issued Requests for Proposals (RFP) and primary auctions and undertake both Central and State Government business participating in government-operated welfare schemes.
  • MD & CEO of Airtel Payments Bank: Anubrata Biswas.
  • Headquarters of Airtel Payments Bank: Delhi.

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 National Affairs

8. India's first index of cryptocurrencies ‘IC15’ launched

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  • Crypto Superapp, CryptoWire has launched India’s first crypto index titled ‘IC15’, which will track the market capitalization and liquidity of top 15 global digital currencies
  • Crypto assets like Bitcoin, Ethereum, Binance coin, Solana, Cardano, Ripple, Terra, Dogecoin and Shiba inu will be monitored by this platform
  • CryptoWire’s index governance committee will maintain, monitor and administer the index 
  • Base value of the index is set at 10,000 and base date is 1 April 2018

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 State Affairs

9. Kerala CM unveils ₹13,265-crore compensation package for SilverLine

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  • Chief Minister Pinarayi Vijayan has unveiled ₹13,265-crore compensation package that will provide up to four times the market value of land that would be acquired for SilverLine semi-high speed railway project.
  • Total estimated cost for the project: ₹63,941 crores.
  • One-time incentive of ₹4.6 lakh or ₹1.6 lakh along with a house built under norms of LIFE Mission will also be provided additionally for those who stood to lose their homes.

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 International Affairs

10. Sri Lanka Cabinet clears Trincomalee oil tank farm deal with India

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  • Sri Lanka’s Cabinet has given nod for a new deal announced by Energy Minister to jointly develop the Trincomalee oil tank farm with India.
  • Cabinet of Ministers also approved a proposal to allocate 24 oil tanks for Ceylon Petroleum Corporation and to implement development project by Trinco Petroleum Terminal Pvt. Ltd.
  • Ashok Leyland has won the bid for providing 500 new buses to Sri Lanka, while Sri Lanka Police force will procure 750 jeeps from Mahindra and Mahindra

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 National Affairs

11. ICMR-NIN and Telangana govt to hold state-wide SARS COV-2 sero survey

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  • Hyderabad-based ICMR-National Institute of Nutrition (NIN) and Telangana state govt will be holding state-wide SARS COV-2 sero survey
  • It will be conducted among general population and health care workers to assess the extent of community spread 
  • Sero-prevalence will be assessed by examining SARS Cov-2, IgG antibodies in the blood samples to be collected
  • It will be a house-to-house survey and will cover about 16,000 population of 330 villages in all the 33 districts.

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 National Affairs

12. DG NCC formally inaugurates NCC Republic Day Camp 2022

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  • Director-General of National Cadet Corps, Gurbirpal Singh has formally inaugurated NCC Republic Day Camp 2022 at Delhi Cantt
  • It is held at the culmination of one year of training of NCC cadets and is conducted at Parade Ground, Delhi Cantt from 1st to 29th January 
  • It is attended by around 2,200 cadets, specially selected from all over India.
  • Inter Directorate competitions in training, cultural competitions, National Integration awareness programmes are conducted  

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 Banking & Finance

13. RBI unveil framework to enable small value digital payments in offline mode

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  • RBI has issued framework to enable small value digital payments in offline mode using any channel or instrument such as cards, wallets and mobile devices.
  • Under this, offline payments can be made in face-to-face (proximity) mode only
  • Payment instruments will be enabled for offline transactions by Authorized Payment System Operators and Participants (Banks, Non-banks).
  • Upper limit: ₹200.
  • Total limit for offline transactions: ₹2,000 at any point in time.

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 National Affairs

14. Ayush Ministry makes available ‘Ayush Aahaar’ at its canteen in New Delhi

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  • Ministry of Ayush has made available ‘Ayush Aahaar’ at its canteen at Ayush Bhawan in New Delhi.
  • It started as a pilot project and includes Vegetable Poha, Bhajani Vada, Gajar Ka Halwa and Kokum Drink.
  • Ayush diet made available in the canteen is beneficial for health and it is easily digestible.
  • Ayush Ministry in 2021 collaborated with various states and did some commendable work under National Ayush Mission.

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