Daily Current Affairs for MBA Exams: 4th January 2022

By Anjali Chowdhury|Updated : January 4th, 2022

 Honors & Awards News

1. Zishaan A Latif wins Ramnath Goenka Award in Photojournalism category

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  • Zishaan A Latif won Ramnath Goenka Award in the Photo Journalism category.
  • He won the award for his photo essay, The arduous struggle for inclusion in the NRC, which was published in The Caravan in October 2019.
  • He documented the plight of people who were dropped from the National Register of Citizens (NRC) and put a face to an untold human story.
  • Latif made his way through four districts in Assam, documenting people’s struggle for inclusion in the NRC

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 National Affairs News

2. Parliamentary Panel to examine women marriage age bill

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  • The Prohibition of Child Marriage (Amendment) Bill was introduced in Lok Sabha during the winter session.
  • It was referred to the Parliamentary Standing Committee on Education, Women, Children, Youth, and Sports.
  • The bill seeks to increase the legal age of marriage of women from 18 to 21.
  • The parliamentary standing committee will be led by senior BJP leader Vinay Sahasrabuddhe.
  • TMC MP Sushmita Dev is the only woman among the 31 members.

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 Banking & Finance News

3. NTPC plans to acquire 5% equity in Power Exchange of India

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  • NTPC Ltd is mulling acquiring a 5 percent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options.
  • The PXIL is India's first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as well sellers since 2008.
  • the authorized share capital of the PXIL is Rs 120 crore and the paid-up capital is Rs 58.47 crore.
  • The PXIL was incorporated on February 20, 2008.

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 International Affairs News

4. Sudan's PM Abdalla Hamdok announces resignation

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  • Sudan’s Prime Minister Abdalla Hamdok has announced his resignation amid political deadlock. 
  • Hamdok, a former UN official seen as the civilian face of Sudan’s transitional govt, was reinstated in November amid international pressure in a deal that called for an independent technocratic cabinet under military oversight led by him.
  • Hamdok’s resignation came after Sudanese security forces violently dispersed the pro-democracy protesters against the Oct 25 military coup.

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 Obituaries News

5. Kenyan conservationist Richard Leakey passes away

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  • Kenyan conservationist and paleoanthropologist Richard Leakey passed away. 
  • He spearheaded campaigns against the ivory trade to save the dwindling African elephant. 
  • For years, Mr. Leakey served in various roles in the govt.
  • He served as director of the state-run National Museums of Kenya and twice as board chairman at the Kenya Wildlife Service.
  • He was celebrated for his work to save wildlife from poachers and for leading campaigns against the ivory trade.

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 National Affairs News

6. Mumbai to host India's first water taxi service

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  • Mumbai is set to get a new transportation solution with the commissioning of state-of-the-art water taxi services.
  • The services would be formally launched in January by PM Narendra Modi and the exact dates are being finalized.
  • The project is a joint initiative of Mumbai Port Trust (MbPT), City and Industrial Development Corporation (CIDCO), and Maharashtra Maritime Board (MMB).
  • Infinity Harbour Services LLP and West Coast Marine will be the two service operators.

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 Banking & Finance News

7. Fino Payments Bank gets RBI nod to start international remittance business

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  • Fino Payments Bank has received the Reserve Bank of India’s approval for commencing international remittance business.
  • It received approval from the central bank under the Money Transfer Service Scheme (MTSS).
  • It will be undertaking inward cross-border money transfer activities in association with an overseas principal, the details of which are being worked out.
  • It also has plans to commence outward remittance services soon.
  • CEO, Fino Payments Bank: Ashish Ahuja

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 National Affairs News

8. Govt forms Energy Transition Advisory Committee headed by Tarun Kapoor

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  • The oil ministry has set up the Energy Transition Advisory Committee headed by former petroleum secretary Tarun Kapoor.
  • The panel will include representatives of all public-sector oil and gas companies and will reach out to other stakeholders in the sector.
  • The committee has until the middle of 2022 to recommend a roadmap for the sector's transition.
  • The energy transition roadmap could prove to be a key step on India's path to net-zero emissions by 2070. 

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 Banking & Finance news

9. Paisabazaar.com and Axis Bank launch pre-qualified personal loans

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  • Paisabazaar.com partnered with Axis Bank to launch a pre-qualified program for unsecured loans on its platform.
  • Axis Bank customers, both salaried and self-employed, who are eligible for pre-qualified personal loans from the bank, will now be able to view and apply for the same offers through the Paisabazaar platform as well. 
  • This integration would lead to instant access to credit for these select customers through an end-to-end digital process

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 Banking & Finance News

10. Sebi Restructures Its Advisory Committee On Market Data

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  • SEBI has restructured its advisory committee on market data that recommends policy measures about areas like securities market data access and privacy.
  • the panel will now be chaired by S Sahoo, former chairperson, IBBI.
  • It is responsible for recommending appropriate policy for access to securities market data.
  • The committee recommends standardization of data definitions; data identification logic and data validation techniques

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 National Affairs News

11. Cochin Shipyard hands over the first electric boat to Kochi Water Metro

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  • The Cochin Shipyard Limited (CSL) handed over the first of the 23 battery-powered electric boats being constructed for the water metro project under the Kochi Metro Rail Limited (KMRL).
  • This is the first of the 23 boats awarded for building to Cochin Shipyard under the Kochi Water Metro project.
  • Five boats are under construction and will be handed over to KMRL in a couple of months by the CSL.
  • The construction of water metro terminals is also progressing.

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 Sports News

12. India defeat Sri Lanka by 9 wickets to lift U-19 Asia Cup 2021 title

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  • In cricket, India defeated Sri Lanka to win Under-19 Asia Cup 2021.
  • Yash Dhull-led young Indian side defeated Sri Lanka by 9 wickets at the Dubai International Cricket Stadium.
  • Sri Lanka had scored 106/9 and India was given the target of 99 runs due to the DLS method.
  • India suffered an early jolt as Harnoor Singh was plummed in front of the stumps in the fifth over.
  • Raghuvanshi and Rasheed stitched an unbeaten 96-run stand to take India home in the summit clash.

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