Daily GK Update: 1st May 2022

By Neha Bisarya|Updated : May 2nd, 2022

 National & International Appointments

1. Anshul Swami named as MD-CEO of Shivalik Small Finance Bank

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  • Anshul Swami has been appointed as managing director and chief executive officer Shivalik Small Finance Bank.
  • The appointment of Swami has already been approved by the Reserve Bank of India (RBI).
  • He has replaced Suveer Kumar Gupta, who is a co-founder of the bank.
  • Prior to Shivalik SFB, he was worked with RBL Bank as Head – Retail & Inclusion, Products.
  • He has also worked with Barclays, Citi Financial, and Britannia.
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 National Affairs

2. India’s Pharma exports grow by 103% since 2013-14

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  • Pharma exports of India have witnessed an incredible growth of 103% since 2013-14 from 90, 415 crores rupees in 2013-14 to 1,83,422 crores rupees in 2021-22.
  • The export of Pharma Sector has performed best export performance in 2021-22.
  • The exports grew by almost 10 billion US dollars in 8 years.
  • The pharma exports in 2021-22 have shown positive growth despite the drop in demand for COVID-related medicines and global trade disruptions.
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 State Affairs

3. Bihar CM inaugurates nation's first ethanol plant in Purnia

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  • CM Nitish Kumar has inaugurated India's first ethanol plant in Purnia district, Bihar .
  • The plant has been set up by Eastern India Biofuels Private Limited at a cost of ₹105 crores.
  • Bihar came up with an ethanol production promotion policy in the first half of 2021.
  • It is the country's first grain-based ethanol plant.
  • Ethanol production will help to reduce the cost of petrol and generate fresh employment opportunities in the state.
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 State Affairs

4. Mega Health Festival held in Puducherry

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  • Dr. Tamilisai Soundararajan(LG of Puduchy) and CM N. Rangasamy have inaugurated a Mega Health Festival, which is jointly organised by the Ministry of Health and Family Welfare and Puducherry Health and Family Welfare Services Department.
  • The Mela is being organised at the Puducherry Rock Beach.
  • Super-speciality medical consultation to the common public would be given free of cost.
  • Minister of Health and Family Welfare: Mansukh Mandaviya
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 State Affairs

5. Karnataka govt, ISMC Analog sign pact to set up semiconductor fab plant

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  • Karnataka government has signed an MoU with ISMC Analog Fab Private Limited (Israel-based) for setting up a semiconductor fab plant in the state at a cost of Rs 22,900 crore (USD 3 billion).
  • The project will be implemented over a period of seven years and generate 1,500 jobs.
  • The ISMC has also requested 150 acres of land in Mysuru’s Kochanahalli Industrial area.
  • Karnataka Governor: Thawar Chand Gehlot; Chief minister: Basavaraj Bommai
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 State Affairs

6. Maharashtra gene bank project to preserve biodiversity

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  • The Maharashtra cabinet has approved to set up of a gene bank project in the state to conserve native and endangered animals and biological species.
  • The Gene Bank will work on freshwater, grassland biodiversity, protection, marine, crop, veterinary, and management of forest right areas, and regeneration of forests.
  • An amount of ₹172.39 crores will be spent on these seven focus areas.
  • The project will be implemented by the Maharashtra State Biodiversity Board (MSBB).
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 Banking & Finance

7. RBI imposes penalty on Bank of Maharashtra for non-compliance

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  • The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.12 crore on the Bank of Maharashtra for non-compliance.
  • The RBI has also imposed a monetary penalty of Rs 25 lakh on Haryana State Co-operative Apex Bank Limited for non-compliance with its directions on Housing Finance.
  • RBI has also imposed a monetary penalty of Rs 12 lakh on Rajkot Nagarik Sahakari Bank Limited for non-compliance with ‘Interest Rate on Deposits.
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 Books & Authors

8. Book titled“Amit Shah Ani Bhajapachi Vatchal” released

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  • Devendra Fadnavis (Maharashtra BJP leader) has released a Marathi book on Union Home Minister Amit Shah that chronicles his political journey.
  • The book titled 'Amit Shah Ani Bhajapachi Vatchal' records the life and journey of Shah and his contribution to building the BJP.
  • The book has been written by Dr. Anirban Ganguly and Shivanand Dwivedi and translated into Marathi by Dr. Jyostna Kolhatkar.
  • The book is published by Bloomsbury India.
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 Important Dates

9. International Labour Day 2022: May 1

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  • International Labour Day is observed on the 1st of May every year, it is also known as International Worker’s Day and May Day.
  • Aim: To spread awareness about Labour’s rights and mark their achievements.
  • In India, the first Labour Day was celebrated by the Labour Kisan Party of Hindustan on May 1, 1923, in then Madras (now Chennai).
  • May Day is also celebrated as the foundation day of Maharashtra Day and Gujarat Day.
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 Banking & Finance

10. NABARD plans Farmers Distress Index for allotment of support package

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  • National Bank for Agriculture and Rural Development (NABARD) is planning to prepare a farmer distress index to identify, track, and support distressed farmers.
  • Under this, the government and the financial institutions can decide on an appropriate package of support instead of a distress package for all the farmers across the board.
  • This index will not be uniform across the nation, as it will depend upon the place’s stress levels.
  • Nabard Chairman: G R Chintala
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Daily GK Update: 1st May 2022

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BankingIBPS POIBPS ClerkSBI POIBPS SOSBI ClerkRBIRRBLICESICNainital BankOtherQuick LinkMock Test
tags :PO, Clerk, SO, InsuranceUnion Bank SO ExamNRA CET Nainital BankUnion Bank of India SOOdisha State Cooperative Bank

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