Daily GK Update: 21st May 2022

By Md Mansur Alam|Updated : May 21st, 2022

 National & International Appointments

1. Pieter Elbers appointed as new CEO of IndiGo

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  • InterGlobe Aviation, the parent company of low-cost carrier IndiGo, appointed Pieter Elbers as its new Chief Executivie Officer (CEO).
  • He succeeds Ronojoy Dutta, 71, who has decided to retire on September 30, 2022.
  • Since 2014, Mr Elbers, 52, has served as the President and CEO of KLM Royal Dutch Airlines. He is also a member of the executive committee of the Air France – KLM Group.
  • MD of IndiGo: Rahul Bhatia
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 Books & Authors

2. Preeti Shenoy's new novel, 'A Place Called Home' to be publish in June 22

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  • Renowned author Preeti Shenoy is set to publish a new novel titled “A Place Called Home”.
  • The book published by HarperCollins Publishers India. 
  • The novel is about secrets, family, and finding yourself.
  • A story set in a coffee estate in Sakleshpur, Karnataka with a strong female protagonist at its core.
  • Other Books of Preeti Shenoy: The Magic Mindset, When Love Came Calling, Wake Up Life is Calling, Life is What You Make it, The Rule Breakers. 
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 Agreement

3. C-CAMP signs MoU with CFTRI to promote innovation in agriculture

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  • The Centre for Cellular and Molecular Platforms (C-CAMP) has signed an MoU with the Centre for Food Technological Research Institute (CFTRI) to foster innovation in agriculture.
  • The agreement will initiate a joint effort in nurturing deep-science innovation in agriculture, food technology, and allied areas toward sustainability and food security in India’s agriculture sector.
  • C-CAMP is India’s premier bio-innovation hub.
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 Important Dates

4. International Tea Day 2022: 21st May

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  • International Tea Day is observed on May 21 every year by the United Nations.
  • The day aims to raise awareness of the long history and the deep cultural and economic significance of tea around the world. 
  • The UNGA in the year 2019 marked 21 May as International Tea Day.
  • The theme of the first International Tea Day was harnessing benefits for all from field to cup.’ 
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 Banking & Finance

5. FDI inflow at all-time high of $83.57 bn in 2021-22

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  • As per the Ministry of Commerce and Industry, India has recorded the "highest ever" annual FDI inflow of USD 83.57 billion in 2021-22.
  • In 2020-21, the inflow stood at USD 81.97 billion.
  • FDI equity inflow in manufacturing sectors has increased by 76% in 2021-22 (USD 21.34 bn) compared to 2020-21.
  • Top investors: Singapore (27%); USA (18%) and Mauritius (16%) 
  • Computer software and hardware attracted maximum inflows followed by the services sector and automobile industry
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 Banking & Finance

6. RBI decides to give ₹30,307 cr FY22 dividend to Centre

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  • The RBI has approved a dividend payment of Rs. 30,307 crore to the Centre for the fiscal year 2021-22.
  • The bank’s central board of directors also decided to maintain the contingency risk buffer (CRB) at 5.50%.
  • In the 2022 budget, the government had estimated that it would receive Rs. 73,948 crore as dividend from the RBI and state-owned banks for FY22.
  • The budgeted dividend is 27% lower than the 1.01 trillion the Centre received in FY22.
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 National & International Appointments

7. Paytm reappoints Vijay Shekhar Sharma as MD and CEO for 5 yrs

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  • Vijay Shekhar Sharma has been reappointed as as the Managing Director and Chief Executive Officer (CEO) of Paytm for another 5 yrs term.
  • His tenure will be from December 19, 2022, to December 18, 2027.
  • Madhur Deora has been appointed as the Whole-time Director of Paytm for a tenure of 5 years from May 20, 2022, to May 19, 2027.
  • Deora will also continue to act in the capacity of Chief Financial Officer of Paytm.
  • One 97 Communications is the parent company of Paytm
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 Banking & Finance

8. Paytm sets up general insurance JV, plans to invest ₹950 cr in 10 years

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  • Paytm has announced a Joint Venture general insurance company named as Paytm General Insurance Ltd (PGIL).
  • Paytm has announced plans to infuse ₹950 crore in PGIL in tranches, over a period of 10 years and to hold upfront equity stake of 74 per cent.
  • PGIL will become a subsidiary of the Paytm.
  • PGIL will seek a license for a general insurance business from the insurance regulator IRDAI.
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 Banking & Finance

9. RBL Bank ties up with Amazon Pay to offer UPI payment services

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  • RBL Bank has tied up with Amazon Web Services to offer UPI payments
  • The bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions.
  • With this integration, Amazon Pay will issue NPCI’s allocated UPI ID with the handle @rapl to RBL Bank.
  • The partnership will allow the bank to tap Amazon Pay’s growing customer base and transaction volumes.
  • It will expand the bank’s presence in the UPI segment with its payment processing platform hosted on AWS
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 Important Dates

10. Anti-Terrorism Day is being observed today

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  • Anti-Terrorism Day is observed on 21st of May every year.
  • The day is highly important for the nation as it has been a victim of terror attacks for several years.
  • The day came into being after on May 21, 1991, India’s former PM Rajiv Gandhi was assassinated during a campaign in Tamil Nadu.
  • He became the victim of a suicide bombing, which also resulted in around 14 other people being killed. 
  • Rajiv Gandhi was the youngest PM when he was sworn in at the age of 40. 
Read Full News >>
Daily GK Update: 21st May 2022

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