National & International Appointments
2. Naveen Srivastava appointed as new ambassador to Nepal
- Naveen Srivastava, presently working as an additional secretary in the external affairs ministry has been appointed as the next ambassador to Nepal.
- He succeeded Vinay Kwatra, who has recently become the foreign secretary.
- He has played a key role in diplomatic and military talks with China to tackle the military standoff on the Line of Actual Control (LAC).
- During the recent visit of PM Modi to Nepal, both countries have signed six agreements to strengthen ties.
Sports
3. India won eight gold in the 2021 Deaflympics
- India has won 16 medals (including eight golds, one silver and seven bronze) at the Deaflympics 2021in Caxias do Sul, Brazil.
- India has finished in the ninth position in the medal tally.
- India won three gold in shooting, three in Badminton, and each in Golf and Tennis.
- Shooting: Dhanush Srikanth, Abhinav Deshwal, Dhanush Srikanth/Priyesha Deshmukh, Shourya Saini, Vedika Sharma
- Badminton: Jerlin Jayaratchagan, Abhinav Sharma
- Tennis: Prithvi Sekhar/Dhananjay Dubey
Banking & Finance
4. India becomes 4th largest vehicle market
- According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), India has sold 3,759,398 vehicles in 2021 as compared to 2,973,319 vehicles in Germany. This shows a difference of almost 26%.
- The most number of vehicles were sold in China (sales remained almost stagnant), followed by the US (reported growth of 4%) and Japan (market shrunk compared to both 2020 and 2019.
- OICA Headquarters: Paris, France
Banking & Finance
5. PSBs frauds decline by 51% to Rs 40,295 crore
- According to the Reserve Bank of India (RBI), the Public sector banks have reported over a 51% dip in the amount involved in frauds to Rs 40,295.25 crore during the financial year ended March 2022.
- The 12 PSBs had reported frauds worth Rs 81,921.54 crore in the preceding fiscal 2020-21.
- But, the number of fraud cases has fallen slightly as a total of 7,940 frauds were reported by the PSBs in 2021-22, against 9,933 incidents reported in FY21.
Banking & Finance
6. World bank sanctions USD 350 billion to Gujarat' SRESTHA-G project
- The World Bank has approved USD 350 million as financial aid for the Systems Reform Endeavors for Transformed Health Achievement in Gujarat -SRESTHA-G project.
- The project will include transforming key health delivery systems in the state.
- Focus area: Improve the quality, equity, and comprehensiveness of primary healthcare, services for adolescent girls and the capacity of disease surveillance systems.
- Gujarat Governor: Acharya Devvrat; CM: Bhupendra Rajnikant Patel
Banking & Finance
7. Sebi notifies rules to strengthen the regulatory framework for CIS
- Securities and Exchange Board of India (SEBI) has enhanced the net worth criteria and track record requirements with an aim to strengthen the regulatory framework for collective investment schemes.
- The SEBI has mandated a minimum of 20 investors and a subscription amount of at least Rs 20 crore for each Collective Investment Scheme (CIS).
- SEBI has put a cap on cross-shareholding in Collective Investment Management Company (CIMC) to 10% to avoid conflict of interest.
Banking & Finance
8. PNB MetLife launches India's first dental health insurance plan
- PNB MetLife India Insurance Company has launched a dental health insurance plan.
- A dental health insurance plan is the first insurance plan in India that covers fixed-benefit outpatient expenses and provides financial assistance with costs related to overall dental health.
- PNB MetLife has tied up with more than 340 dental clinics to help customers to manage their dental health.
- PNB MetLife Chairman: Kishore Ponnavolu; MD& CEO: Ashish Kumar Srivastava
Agreement
9. Emirates Telecom buys 9.8% stake in Vodafone for $4.4 billion
- Emirates Telecommunications Group Company PJSC “e&" (Etisalat Group) has acquired approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4 billion.
- The shares represent 9.8% of Vodafone's issued share capital.
- The transaction is in process with e&’s ambition to be a global player in telecom and technology.
- Vodafone Headquarters: Berkshire, United Kingdom; Chairman: Jean-Françols van Boxmeer
State Affairs
10. Punjab CM launches 'Lok Milni' for redressal of public grievances
- Punjab CM, Bhagwant Mann has launched the first-of-its-kind public interaction programme Lok Milni to hear the grievances of people and issued directions for their redressal.
- Aim: Providing a single-window platform to the people for redressal of their complaints.
- Previously, the Lok Milni program was named 'janta darbar'.
- This event helps to facilitate the people for resolving their long-pending administrative issues
National Affairs
11. Government announces formation of Cotton Council of India
- The Government has announced the formation of the Cotton Council of India under the Chairmanship of veteran cotton man Suresh Bhai Kotak.
- The first meeting of the proposed council has been scheduled for the 28th of May 2022.
- The council will discuss, deliberate, and prepare a robust action plan for bringing out a tangible improvement in this field.
- The import of cotton will be permitted duty-free till the bill of lading is dated September 30, 2022.
National & International Appointments
12. Gram Unnati appoints former CEC Sunil Arora as non-executive chairman
- Gram Unnati (Agritech startup) has appointed former chief election commissioner Sunil Arora as the new non-executive chairman of its board.
- He is a retired civil servant (IAS) with an experience of over 36 years.
- He has served as secretary in the Ministry of Information & Broadcasting and the Ministry of Skill Development and Entrepreneurship.
- Gram Unnati was founded by IIT Kharagpur graduate Aneesh Jain in 2013.
- CEO of Gram Unnati: Aneesh Jain
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