Daily Current Affairs for BBA & IPM and HM Entrance Exams: 8th January 2022

By Rajat Pandey|Updated : January 8th, 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

 International Affairs

1. Bangladesh discovers huge natural gas hydrate deposits in Bay of Bengal

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  • Bangladesh has discovered huge potential natural gas hydrate deposits of 0.11 to 0.73 trillion cubic feet in its exclusive economic zone (EEZ). 
  • It is equivalent to 17-103 TCF of natural gas reserves.
  • The study undertaken over the last three years was conducted by the Petrobangla, Bapex, local experts and the National Oceanography centre in Southampton, UK.
  • The study has come up with the preliminary idea about the location and nature of the gas hydrate discovery.

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 National & International Appointments

2. RBI approves re-appointment of Anup Bagchi as ED of ICICI Bank

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  • The Reserve Bank of India (RBI) has approved the re-appointment of Anup Bagchi as an Executive Director of ICICI Bank for a period of 3 years.
  • The shareholders of the bank at its Annual General Meeting in August last year had approved Bagchi’s re-appointment for five years effective February 1, 2022.
  • ICICI Bank has two more executive directors — Sandeep Batra and Vishakha Mulye.
  • MD and CEO of ICICI Bank: Sandeep Bahkshi
  • Tagline: Hum hai na, Khayal Apka 

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 Honours & Awards

3. MAHE professor gets ICMR award

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  • Dr Satish Adiga has been selected by the Indian Council of Medical Research (ICMR) for its national award.
  • He is a professor in the clinical embryology department at Kasturba Medical College (KMC), under Manipal Academy of Higher education (MAHE).
  • Adiga will receive Dr Subhas Mukherjee Award from ICMR in recognition for his outstanding contribution to the field of in-vitro fertilization (IVF)
  • He has contributed significantly to both clinical IVF and fertility research

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 National & International Appointments

4. Navrang Saini further gets additional charge as IBBI Chairperson

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  • The center has further assigned the additional charge of the the chairperson of Insolvency and Bankruptcy Board of India (IBBI)  to Navrang Saini. 
  • The Centre had in Oct last year assigned additional charge of chairperson of IBBI  Saini for a period of three months. 
  • The IBBI Chairperson is appointed by the center on the recommendations of the selection committee headed by the Cabinet Secretary.
  • M S Sahoo, who was the first Chairperson of IBBI since October 1, 2016.

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 National Affairs

5. TCS bags Passport Seva II contract

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  • MEA has selected TCS for the 2nd phase of the Passport Seva Programme, the country’s largest mission-critical e-governance programme. 
  • Launched in 2008, the PSP saw TCS transforming the delivery of passport-related services, digitizing the processes, and setting global benchmarks in timeliness, transparency, and reliability.
  • In the next phase, TCS will refresh existing facilities and systems, and develop innovative new solutions to enable the issuance of e-passports.

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 Banking & Finance

6. KVG Bank joins hands with Mecwin Tech to finance solar pump-sets for farmer

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  • Karnataka Vikas Grameena Bank (KVGB) and the Bengaluru-based Mecwin Technologies Ltd signed an MoU to introduce farmer-friendly solar-powered pump-sets using bank finance.
  • The MoU will benefit farmers since Mecwin Technologies Ltd is specialised in the production and management of solar irrigation pump-sets.
  • Apart from this, the bank has the largest branch network in rural areas.
  • KVGB was the first bank to introduce solar loan schemes.
  • Headquarter: Dharwad

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 Banking & Finance

7. PhonePe crosses 350 m registered users mark

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  • Digital payments platform PhonePe has crossed 350 million lifetime registered users.
  • The platform’s registered user base has grown 28% from 273 million in January to 350 million in December 2021.
  • PhonePe also reported 150 million monthly active users (MAU) and an annualised total payment value (TPV) of $651 billion in December.
  • PhonePe is among the leading UPI platforms with over 45 per cent market share in terms of the volume of transactions processed in December.

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 National Affairs

8. Elections in five states from Feb 10-March 7

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  • Election Commission announced that the assembly elections in UP, Uttarakhand, Punjab, Manipur and Goa will be held between February 10 and March 7 in seven phases.
  • The counting of votes will be held on March 10.
  • Uttar Pradesh to go to poll in 7 phases from Feb 10-March 7; Punjab, Uttarakhand and Goa to vote on February 14 and Manipur to vote on Feb 27 and March 3.
  • The Model Code of Conduct has come into effect in the five states with the announcement of elections.

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 Obituaries

9. Sidney Poitier, first black man to win Oscar for best actor, passes away

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  • Bahamian-American Actor, Sidney Poitier (94), the first black winner of the Best Actor Oscar for his role in Lilies Of The Field’ in 1963, passed away.
  • Apart from his successful acting career, Sidney was also a tireless civil rights activist.
  • He was awarded the US Presidential Medal of Freedom in 2009 by President Obama for his work.
  • A dual citizen of the US and the Bahamas, he served from 1997-2007 as Bahamian Ambassador to Japan.

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 Agreement

10. J&K Govt signs MoU with Century Financial for 100 million investment

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  • Jammu & Kashmir govt has signed a MoU with UAE’s pioneering financial services company, Century Financial that will invest 100 million dollars in the UT.
  • Investment will cover 3 hotels and one commercial cum residential complex in Jammu & Kashmir.
  • The owner of Century Financial Sh. Bal Krishen is originally a native of the Doda district of Jammu and has been a forerunner in supporting his home region.

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