National & International Appointments
1. Ramnath Krishnan appointed as Managing Director and Group CEO of ICRA
- Ramnath Krishnan has been appointed as the Managing Director (MD) and Group Chief Executive Officer (CEO) of credit rating agency ICRA.
- Prior to this, he was serving as the President for ratings and as Chief Rating Officer at ICRA.
- He joined ICRA in July 2020.
- He replaced N Sivaraman, who resigned with immediate effect due to personal reasons.
- Gurgaon-based ICRA is a unit owned by global rating agency Moody’s Corporation.
- HQs of ICRA: Gurugram
Arts & Culture
2. Tamil drama film Koozhangal is India’s official entry for Oscars 2022
- Tamil-language drama film Koozhangal (internationally translated as Pebbles) has been selected as India’s official entry for the 94th Academy Awards (Oscars 2022)
- Koozhangal has been directed by filmmaker Vinothraj PS and produced by Vignesh Shivan and Nayanthara
- It is related to an alcoholic abusive husband who, after his long-suffering wife runs off, sets out with his young son.
- 94th Academy Awards are scheduled to take place in Los Angeles, on March 27, 2022.
Books & Authors
3. V Subha Srinivasan comes out with The Origin Story of India’s States
- Venkataraghavan Subha Srinivasan has out with a new book titled ‘The Origin Story of India’s States'.
- It has been published by Penguin Random House India.
- The book narrates the fascinating political and historical circumstances of the birth of India’s states and union territories.
- Venkataraghavan Subha Srinivasan is a writer, actor, and strategy consultant from Bengaluru, India and this is his first non-fiction book.
Schemes
4. PM Modi launches ‘Ayushman Bharat Health Infrastructure Mission’
- PM Narendra Modi has launched ‘Ayushman Bharat Health Infrastructure Mission (ABHIM)’ from his parliamentary constituency Varanasi, Uttar Pradesh
- Total outlay: Rs 5,000 crore
- Aim: to address gaps in public health infrastructure with focus on critical care facilities and primary care in urban and rural areas.
- Under this, 17,788 rural health and wellness centres in 10 high focus states will get support
- 11,024 urban health and wellness centres will be established.
Science & Technology
5. South Korea flight tests first homegrown space rocket “Nuri”
- South Korea has recently launched its first indigenously developed rocket, titled as ‘Korean Satellite Launch Vehicle II’ or ‘Nuri’.
- The launch vehicle lifted off from Naro Space Center, in Goheung, built on an island nearly 300 miles (500 kilometers) south of Seoul.
- Nuri rocket is 47.2 metres long and weighs 200 tones.
- It is a three-stage rocket and is fitted with 6 liquid-fuelled engines.
- It has been built at an estimated cost of 2 trillion won (£1.23bn or $1.6bn)
Schemes
6. Chhattisgarh launches ‘Shri Dhanwantri Generic Medical Store’ scheme
- Chhattisgarh CM Bhupesh Baghel has launched ‘Shri Dhanwantri Generic Medical Store’ scheme to provide medicines at low and affordable rates to consumers.
- Under this scheme, generic medicines will be 50 to 71% cheaper at these medical stores.
- It will be run by Urban Administration and Development Department.
- It is proposed to set up 188 medical stores in 169 urban bodies of the state.
- These medical stores will sell 251 types of generic medicines and 27 surgical products.
Science & Technology
7. DRDO successfully tested High-Speed Expendable Aerial Target ‘ABHYAS’
- Defence Research and Development Organization (DRDO) has successfully flight-tested the High-speed Expendable Aerial Target (HEAT) titled ‘ABHYAS’, from the Integrated Test Range (ITR), Chandipur off the coast of Bay of Bengal in Odisha.
- ABHYAS is designed & developed by DRDO lab, Aeronautical Development Establishment (ADE), Bengaluru, for the Indian Armed Forces.
- It can be used as an aerial target for the evaluation of various missile systems.
Banking & Finance
8. RBI introduces Scale Based Regulation (SBR) for NBFCs
- RBI has introduced a revised regulatory framework for NBFCs which is a Scale Based Regulation (SBR).
- It will be effective from 1st October 2022.
- Now for regulation of NBFCs under new SBR, RBI has categorized NBFCs into 4 scales based on their size, activity, and perceived riskiness: NBFC-Base Layer, NBFC-Middle Layer, NBFC-Upper Layer, and NBFC-Top Layer
- Regulatory minimum NOF for NBFC-ICC, NBFC-MFI and NBFC-Factors will be increased to Rs. 10 crore
National & International Organizations
9. India ranks 79th in WJP Rule of Law Index 2021
- India has been ranked at 79th position in the World Justice Project (WJP) Rule of Law Index 2021, among 139 countries
- WJP index is the world’s leading source for original and independent data on the rule of law
- Top performer: Denmark, followed by Norway and Finland
- Worst performer: Venezuela (139th spot)
- It is prepared by the Washington DC based World Justice Project to measure how the rule of law is experienced and perceived across the world.
National Affairs
10. Centre notifies Indian Telegraph Right of Way (Amendment) Rules, 2021
- Dept of Telecom (DoT) has notified Indian Telegraph Right of Way (Amendment) Rules, 2021 by amending Indian Telegraph Right of Way Rules, 2016.
- New rules have been introduced to ease the Right of Way (RoW) related permission and procedures for establishment and augmentation of Digital Communications Infrastructure
- One-time compensation for the establishment of an overground telegraph line has been fixed at maximum of Rs 1000 per km.
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