Daily GK Update: 20th April 2022

By Neha Bisarya|Updated : April 20th, 2022

 Defense

1. IAF successfully test-fires BrahMos missile from Su30-MkI fighter jet

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  • The Indian Air Force(IAF) has successfully conducted a test-fire of the live firing of BrahMos supersonic cruise missile from a Su30- MKI fighter aircraft.
  • The missile hit a decommissioned Indian Navy ship under close coordination with the Indian Navy.
  • The BrahMos can be fired from submarines, ships, fighter jets and land.
  • In 2016, the government decided to integrate the Brahmos into over 40 Sukhoi fighter jets.
  • Chief of the Air Staff: Vivek Ram Chaudhari
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 Sports

2. Three Indian wrestlers won bronze medal in Asian Wrestling Championship

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  • Three out of five Greco Roman wrestlers of India have won bronze medals in the Asian Wrestling Championship, Mongolia.
  • Bronze medal winner: Sunil Kumar (87Kg), Arjun Halakurki (55Kg), Neeraj (63Kg)
  • Arjun Halakurki has defeated Davaabandi Munkh Erdene by 10-7 points in the bronze play-off.
  • Neeraj got the better of Uzbekistan's Islomjon Bakhramov 7-4 to win the bronze medal.
  • However, Sajan Bhanwal (77Kg) and Prem Kumar (130Kg) missed out on a bronze.
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 National & International Organizations

3. IMF cut global growth outlook for the year 2022 to 3.6%

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  • The International Monetary Fund(IMF) has reduced the global growth for the calendar year 2022 to 3.6% from 4.4%.
  • Report: World Economic Outlook report
  • Reason: Due to commodity price volatility and disruption of supply chains caused by the war.
  • IMF also cut its forecast for India’s FY23 GDP growth to 8.2% from 9%.
  • Recently, World Bank also slashed the global growth forecast to 3.2%.
  • World Bank GDP forecast for India: 8% (FY22-23)
  • RBI GDP forecast: 7.2% (FY22-23)
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 National & International Appointments

4. Bimal Kothari appointed as chairman of India Pulses and Grains Association

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  • The apex body for India’s pulses trade and industry, India Pulses and Grains Association (IPGA) has appointed Bimal Kothari as the new Chairman with immediate effect.
  • He replaced Jitu Bheda who stepped down as the current chairman.
  • He is the third chairman of the association after Pravin Dongre and Jitu Bheda.
  • Kothari joined IPGA as Vice-Chairman in 2011, when it was formed. 
  • IPGA Headquarters: Mumbai
  • IPGA is registered under Section 8 of the Companies Act 2013.
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 Banking & Finance

5. WPI based inflation increased to 14.55% in March

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  • Wholesale Price Index (WPI) based inflation in India has risen to 14.55% on rising edible oil prices and an increase in power prices.
  • In February, WPI inflation was 13.11% on the hardening of prices of crude oil and non-food items.
  • The WPI food index has increased from 8.47% in February to 8.71% in March.
  • The food index includes food articles from the primary group and food products from the manufactured products group.
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 National & International Appointments

6. Shanti Sethi appointed Kamala Harris's defence advisor

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  • Indian-American Navy veteran Shanti Sethi has been appointed as USA Vice President Kamala Harris's Defence Adviser.
  • Shanti Sethi is the first Indian-American commander of a major US Navy combat ship.
  • Shanti Sethi commanded the guided-missile destroyer, USS Decatur, from December 2010 to May 2012.
  • She joined the Navy in 1993.
  • Recently, US Senate has confirmed the appointment of Ketanji Brown Jackson(the first Black woman) to Supreme Court Judge.
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 Science & Technology

7. India, Finland to establish Quantum Computing Virtual Network Centre

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  • India has signed an MoU with Finland to establish an Indo-Finnish Virtual Network Centre on Quantum Computing.
  • Aim: To stimulate innovative research and development projects, demonstrate high industrial relevance, and commercial potential
  • India has identified three premier institutes IIT Madras, IISER Pune, and C-DAC Pune for Virtual Network Centre on Quantum Computing.
  • Finland Capital: Helsinki; Prime minister: Sanna Marin; Currency: Euro
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 State Affairs

8. Chhindwara oranges will be recognised as Satpura

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  • Madhya Pradesh’s Chhindwara district oranges will be called Satpuda orange under the one district one produce scheme of the government.
  • The authorities have also created a QR code for the fruit which reveal all the information about the variety.
  • Chhindwara oranges have a thin cover and are sweet and juicy.
  • With these distinct qualities, cultivators can directly sell fruit to multi-national companies.
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 National & International Appointments

9. Jasleen Kohli appointed as MD and CEO of Digit Insurance

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  • Digit Insurance has appointed Jasleen Kohli as the company's new managing director (MD) and chief executive officer (CEO) with effect from April 20, 2022.
  • She succeeds Vijay Kumar who retired from the company on April 19, 2022.
  • She served as chief distribution officer (CDO) at Digit, where she was responsible for all of the company's sales and distribution channels.
  • Digit Insurance Chairman: Kamesh Goyal
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 Banking & Finance

10. RBI caps lending limits of NBFCs

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  • The Reserve Bank of India (RBI) has tightened the rules for non-banking finance companies (NBFCs) relating to their large exposures.
  • The exposure of NBFCs for the Upper layer: Exposure must not exceed 20% of its capital base at all times, Board can allow an additional 5%.
  • NBFCs that are into infrastructure finance can have exposure of 25%, with an option of an additional 5% of Tier I capital to a single counterparty.
  • Norms will come into effect from October 1, 2022.
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 National Affairs

11. India's first portable solar rooftop system unveiled in Gujarat

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  • The nation's first portable solar rooftop system has been inaugurated at Swaminarayan Akshardham temple complex in Gandhinagar, Gujarat.
  • The 10 Photovoltaic Port has been manufactured by Servotech Power Systems Ltd (New Delhi).
  • It is designed by the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ).
  • The solar rooftop system has been installed under the initiative of the government to develop renewable energy cities across India.
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 National Affairs

12. India's Non-basmati rice exports grow by 109% since 2013-14

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  • Export of India's non-basmati rice has witnessed tremendous growth of 109% from USD 2925 million in FY 2013-14 to USD 6115 million in FY 2021-22.
  • Export of non-basmati rice has registered a growth of 27% in 2021-22.
  • West African country, Benin is one of the major importers of non-basmati rice from India.
  • As per Directorate General of Commercial Intelligence and Statistics (DGCIS) data, India exported rice to over 150 countries across the globe in 2021-22. 
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Daily GK Update: 20th April 2022

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