Daily GK Update: 25th February 2022

By Stuti Mishra|Updated : February 25th, 2022

 National & International Appointments

1. Rakesh Sharma reappointed as MD & CEO of IDBI Bank

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  • Rakesh Sharma has been re-appointed as the Managing Director and Chief Executive Officer of IDBI Bank.
  • His appointment has been approved by Reserve Bank of India (RBI).
  • He has been appointed for a period of 3 years with effect from March 19, 2022.
  • He was appointed as the MD & CEO of IDBI Bank for the first time in October 2018.
  • Prior to this, he was working with Canara Bank as MD & CEO.
  • Headquarters of IDBI bank: Mumbai.
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 National & International Appointments

2. Sanjeev Sanyal appointed full-time member of PM Economic Advisory Council

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  • Noted economist and historian Sanjeev Sanyal has been appointed as a full-time member of Economic Advisory Council to Prime Minister (EAC-PM)
  • He is currently serving as principal economic adviser of Finance Ministry since 2017
  • He was widely known for his role as global strategist and managing director at Deutsche Bank.
  • EAC-PM: independent body constituted by central government, that advises PM on economic and related issues.
  • Chairman of EAC-PM: Bibek Debroy
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 National & International Appointments

3. HUL appoints Nitin Paranjpe as non-executive Chairman, Sanjiv Mehta as CEO

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  • FMCG major Hindustan Unilever Ltd (HUL) has announced separation of the position of Chairman and the CEO & Managing Director of the company.
  • With this, Nitin Paranjpe has been appointed as the Non-Executive Chairman of the company with effect from 31st March, 2022.
  • He is currently serving as Chief Operating Officer of Unilever (parent company of HUL).
  • Sanjiv Mehta will continue to be the Chief Executive Officer & Managing Director (CEO & MD) of HUL
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 Books & Authors

4. Author Anirudh Suri pens book titled ‘The Great Tech Game’

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  • Famous Indian author Anirudh Suri has come out with his new book titled as ‘The Great Tech Game: Shaping Geopolitics and the Destinies of Nations.’
  • It has been published by HarperCollins India publication.
  • The book lays out a roadmap for how any country must develop its own strategic plan to succeed in this technology-dominant era.
  • He is the founding partner and managing director of India Internet Fund.
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 Summits & Conferences

5. Mansukh Mandaviya inaugurates ‘Industry Connect 2022’ seminar

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  • Chemicals and Fertilizers Minister, Mansukh Mandaviya has inaugurate seminar titled ‘Industry Connect 2022’, in New Delhi
  • It is being organized by Department of Chemicals and Petrochemicals in association with Central Institute of Petrochemicals Engineering and Technology and Federation of Indian Chambers of Commerce and Industry.
  • Focus: R&D Laboratory, skill gap analysis for human capital in petrochemicals sector, providing indigenous technology, etc.
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 Science & Technology

6. IBM launches new Cybersecurity Hub in Bengaluru to address cyberattack

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  • International Business Machines (IBM) has announced to launch new cybersecurity hub based in India, to address growing threat of cyberattacks in Asia Pacific (APAC) region
  • IBM Security Command Center will be located at IBM office in Bengaluru, Karnataka.
  • This new cyber security hub is one of the only two such centre’s of IBM globally, other one is located in US
  • IBM global analysis report for 2022 states that Asia emerged as the top-most targeted region for cyberattacks
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 Schemes

7. Govt launches Ombudsperson App for smooth functioning of MNREGA scheme

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  • Minister of Rural Development and Panchayati Raj, Giriraj Singh has launched Ombudsperson App for MNREGA
  • It will facilitate hassle free reporting, categorization of grievances and disposal of complaints by Ombudsperson
  • It will also ensure tracking and timely passing of awards by Ombudsperson.
  • The app will ensure transparency and accountability in the ecosystem of MNREGA
  • Ombudsperson can also easily upload quarterly and annual reports on the website through the app.
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 Defense

8. Indian Navy's multilateral exercise Milan-2022 begins today

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  • Indian Navy's multilateral exercise ‘Milan-2022’ has been organized in Visakhapatnam, Andhra Pradesh.
  • It will be conducted over a duration of nine days in two phases with the harbour phase scheduled from February 25 and the Sea Phase from 1st March to 4th March
  • Theme: 'Camaraderie - Cohesion - Collaboration'
  • It is a biennial multilateral naval exercise incepted by Indian Navy in 1995 at the Andaman and Nicobar Command
  • More than 40 countries are participating in Milan 22
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 Banking & Finance

9. Moody’s raises India's growth forecast to 9.5 percent for 2022

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  • Moody's Investors Service has raised India's growth forecast to 9.5% from 7% for calendar year 2022
  • Moody revised its growth projection for India citing stronger-than-expected economic recovery from national lockdown of 2020 and COVID-19 pandemic in mid-2021.
  • Moody's raised 2022 calendar year growth forecasts for India and maintained forecast for 5.5% growth in 2023.
  • This translates into 8.4% growth in fiscal year 2022-23 and 6.5% growth in fiscal year 2023-24
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 Agreement

10. WEF signs MoU with NIUA to collaborate on ‘Sustainable Cities India program

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  • World Economic Forum has signed MoU with National Institute of Urban Affairs (NIUA) to collaborate on ‘Sustainable Cities India program’.
  • Aim: to create an enabling environment for cities to generate decarbonization solutions across the energy, transport, and the built environment sectors.
  • Sustainable Cities India program enable cities to decarbonize in systematic and sustainable way that will reduce emissions and deliver resilient and equitable urban ecosystems.
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 National Affairs

11. Union Minister Pralhad Joshi launches ERP System of Coal India Ltd

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  • Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi has inaugurated Enterprise Resource Planning (ERP) system.
  • ERP will establish best business practices, standardize and unify business process across CIL and its subsidiaries.
  • Implementation of ERP across Coal India will give boost to government endeavor towards Digital and New India
  • On the occasion, Anil Kumar Jain released book titled as ‘Fueling India’s Energy Needs’.
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 Summits & Conferences

12. Telangana IT Minister KTR inaugurates 19th edition of BioAsia conference

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  • Telangana IT and Industries Minister K. Taraka Ramarao has inaugurated 19th edition of BioAsia conference 2022 in Hyderabad, which is the annual flagship event of the life sciences industry.
  • The conference will be addressed by about 50 celebrities from various organizations, including Bill Gates
  • Telangana attracted investments of over 6 thousand 400 crore rupees in the life sciences sector from around 215 enterprises previous year.
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 Defense

13. Russia launches special military operation on Ukraine's eastern Donbas

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  • Russian forces have launched special military operation in Ukraine's eastern Donbas region, along with launching ballistic missile attacks on Ukrainian cities
  • They have entered Ukrainian territory from Crimea.
  • Russian President Putin said that Russia did not plan to occupy Ukraine, but warned that Moscow's response would be instant if anyone tries to take on Russia.
  • Indian External Affairs has set up control room in Delhi in view of the prevailing situation in Ukraine
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 Defense

14. MoD signs contract with BEL for retro-modification of Battle Tanks T-90

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  • Acquisition Wing of Defence Ministry has signed a contract for Rs 1075 crore with Bharat Electronics Limited for retro-modification of Commander Sight of Battle Tanks-T-90.
  • Retro-modification will be carried out in 957 T-90 tanks of Indian Army.
  • It will provide further boost to ‘Make in India’ initiative of the government.
  • Commander sight of Battle Tank T-90: India’s premier battle tank, is presently fitted with Image Converter tube-based sight for night viewing.
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Daily GK Update: 25th February 2022

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