Daily Current Affairs for MBA Exams: 11th January 2022

By Anjali Chowdhury|Updated : January 11th, 2022

 National & International Appointments

1. Ex-RBI Governor Urjit Patel appointed AIIB Vice President

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  • Former RBI governor Urjit Patel has been appointed as the Vice President of the Asian Infrastructure Investment Bank (AIIB).
  • His tenure will be of 3-year.
  • He will succeed D J Pandian, who is in charge of the sovereign, non-sovereign lending of AIIB in South Asia, Pacific Islands, and South-East Asia
  • AIIB:
    • Multilateral development bank to improve economic and social outcomes in Asia.
    • Headquarters: Beijing, China
    • Membership: 104 Members 
    • President: Jin Liqun
    • Launched: 2015

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 State Affairs

2. Jitendra Singh inaugurates India’s first open rock museum in Hyderabad

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  • Union Minister Jitendra Singh has inaugurated India’s first Open Rock Museum in Hyderabad
  • It displays around 35 different types of rocks from different parts of India with ages ranging from 3.3 billion years to around 55 million years of the Earth’s history.
  • They also represent the deepest part of the earth, up to 175 km from the surface of the earth.
  • They have been sourced from Odisha, Tamil Nadu, Uttarakhand, Jharkhand, Jammu & Kashmir, and others.

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 National Affairs

3. KVIC launches India’s first ‘Mobile Honey Processing Van’ at Ghaziabad

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  • Khadi and Village Industries Commission (KVIC) has launched India’s first Mobile Honey Processing Van at Village Sirora in Ghaziabad, UP
  • It has been designed by KVIC at its Multi-disciplinary training centre, Panjokehra
  • The cost of developing the unit is around Rs 15 lakh
  • It can process 300 kg of honey in 8 hours and has a testing laboratory to instantly examine the quality of honey
  • It is likely to benefit rural areas of UP, Uttarakhand, Haryana, Delhi, Punjab, Rajasthan

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 Defense

4. India participated in US-led six nations Exercise Sea Dragon 22

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  • Six Indo-Pacific nations participated in multinational exercise Sea Dragon 22 which began at Andersen Air Force Base in Guam in Western Pacific
  • Participating members are Quad nations (the United States, Australia, India, and Japan), Canada, and South Korea
  • It includes more than 270 hours of in-flight training, classroom sessions for pilots, flight officers
  • Sea Dragon: US-led multi-national exercise that focuses on anti-submarine warfare (ASW) training in the Indo-Pacific region

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 National Affairs

5. NSO projects Indian economy to grow 9.2% in FY22

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  • National Statistical Office (NSO) has estimated India’s GDP to grow at 9.2% in the current fiscal, 2021-22 in its first advance estimates
  • NSO also estimated GDP for 2020-21 fiscal at a contraction of 7.3% 
  • Real GDP in 2021-22 is estimated at Rs. 147.54 lakh crore against provisional estimate of GDP for 2020-21 at Rs 135.13 lakh crore
  • Nominal GDP for 2021-22 is estimated at Rs. 232.15 lakh crore, against Provisional Estimate of GDP for 2020-21 at Rs 197.46 lakh crore

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 Books & Authors

6. Book titled ‘Mamata: Beyond 2021’ to release on January 24, 2022

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  • Political Journalist, Jayanta Ghosal is coming up with a new book titled ‘Mamata Beyond 2021’, based on West Bengal CM and Trinamool Congress supremo Mamata Banerjee
  • It will be released on January 24, 2022.
  • It has been translated by Arunava Sinha, fiction, non-fiction translator
  • It will be published by HarperCollins India
  • It narrates how Mamata worked tirelessly for the state’s poor and disadvantaged and was successfully able to portray herself as ‘daughter of Bengal’

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 Science & Technology

7. NASA completes deployment of James Webb Space Telescope

  • NASA has completed deployment of 21-foot, gold-coated primary mirror panel of James Webb Space Telescope (JWST)
  • JWST was launched on December 25, 2021, in an Ariane 5 rocket from French Guiana
  • The mission will explore every phase of cosmic history, ranging from within our solar system to the most distant observable galaxies
  • JWST is developed by NASA in collaboration with European Space Agency (ESA) and Canadian Space Agency (CSA)

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 Sports

8. World No.1 Ash Barty wins Adelaide International

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  • World No.1 tennis player, Ash Barty won Adelaide International by defeating world No. 14 Elena Rybakina of Kazakhstan by 6-3, 6-2 in Women's Singles final at Cannebara.
  • This was Barty’s 14th career singles title and second in Adelaide.
  • He defeated 2020 Australian Open champion Sofia Kenin and 2020 French Open winner Iga Swiatek of Poland en route to the title in Adelaide, without dropping a set or a service game against Rybakina, Kenin, or Swiatek.

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 Banking & Finance

9. SBI General Insurance launches awareness campaign on tax saving

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  • SBI General Insurance has launched an awareness campaign titled #BahaneChhodoTaxBachao to increase awareness on how people can save tax by buying health insurance.
  • It will also underline other benefits of opting for health insurance.
  • It consists of videos in a Vox Pop format featuring anchor Rudraksha Singh, traveling across Mumbai, Bengaluru, Delhi, Kolkata and asking people to offer excuses for not opting for health insurance
  • MD and CEO of SBI Insurance: PC Kandpal.

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 Books & Authors

10. Gandhi’s Assassin: The Making of Nathuram Godse and His Idea of India book

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  • Delhi-based journalist Dhirendra K. Jha has released a new book titled ‘Gandhi’s Assassin: The Making of Nathuram Godse and His Idea of India’.
  • The book has been published under Vintage Books publication.
  • It narrates Godse’s relationship with organizations that influenced his worldview and the gradual hardening of his resolve and fateful decisions that eventually led to Mahatma Gandhi’s assassination.

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 Important Dates

11. Pravasi Bharatiya Divas: 9th January

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  • Pravasi Bharatiya Divas (PBD)/(Non-Resident Indian Day) is observed every year in India on 9th January to mark the favors and contributions made by Non-Resident Indians towards the welfare and development of the nation
  • India is celebrating its 17th Pravasi Bhartiya Divas in 2022.
  • As a part of the celebration, the Ministry of External Affairs will address a virtual youth PBD conference on the theme ‘the role of the Indian diaspora.’

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