Daily GK Update: 27th November 2021

National & International Appointments

CBI special Director Praveen Sinha was elected as a delegate for Asia on the executive committee of the Interpol, capping an “intense” and “well-coordinated” campaign across the world by India.
The elections for various positions for the top panel were held at the ongoing 89th Interpol General Assembly in Istanbul.
It has 13 members, including the president and three vice presidents, apart from nine delegates.
The committee is headed by UAE.

National Affairs

The Union govt formed a high-level ‘Central Vista Oversight Committee’ for 2 years to monitor and expedite the pace of the project.
The committee will be headed by former finance secretary Ratan P Watal.
It include P K Tiwari, Shailendar Roy, Professor Mausam and member and a Joint Secretary MoHUA as the convener.
The committee will ensure a multi-agency, multi-stakeholder coordination for seamless integration of different project works.

Banking & Finance

The ADB has approved a $ 1.5 bn (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
The loan from ADB will fund at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people, it added.
It will support India’s National Deployment and Vaccination Plan which aims to fully vaccinate 94.47 crore people aged 18 years and above.
The Asian Infrastructure Investment Bank is expected to co-finance an additional $ 500 million for the project.

Banking & Finance

Bajaj Allianz General Insurance announced its partnership with deep-tech startup TropoGo for the distribution of a drone Insurance product.
The drone insurance product will cover damage to the Drone and Payload it carries.
Drone owners and drone manufacturing companies can avail an annual third-party and comprehensive coverage for accidental damage, theft, and disappearance.
Companies can also avail customized insurance coverage for fleet requirements.

Banking & Finance

Yes Bank has collaborated with Amazon Pay and Amazon Web Services (AWS) to offer customers an instant real-time payment system through a UPI transaction facility.
The integration enables Amazon Pay to issue UPI IDs with the @yapl handle, allowing customers to make secure, fast, and convenient payments.
Based on a multi-bank model, this collaboration allows Yes Bank to acquire merchants through the Amazon Pay platform.
Yes Bank CEO: Prashant Kumar

Banking & Finance

According to Kantar’s BrandZ India 2021 report, Amazon, Tata Tea and Asian Paints emerged as the most purposeful brands in India across technology, FMCG and in non-FMCG categories resp
In technology ranking Amazon leads the index followed by Zomato, YouTube, and Google and Swiggy jointly in 4th place
While Asian Paints topped the non-FMCG rankings, Samsung and Jio ranked jointly in the 2nd position. , followed by MRF
The FMCG category rankings saw Tata Tea top the chart

Agreement

RuPay, the flagship product of NPCI, has come on board as the title sponsor of the Prime Volleyball League.
The card payment network has acquired the title sponsorship rights of the sporting league for three years of the league, which is scheduled to take place in early 2022.
The tournament will consist of 24 games and the player auction will be held in Kochi on December 14.
Gaming company A23 has already joined the league as ‘Powered By’ sponsors in a multi-year deal.

National Affairs

NITI Aayog has released its Multidimensional Poverty Index (MPI).
According to MPI Bihar, Jharkhand and UP have emerged as the poorest states in India.
Bihar also has the highest number of malnourished people followed by Jharkhand, MP, UP and Chhattisgarh.
Kerala, Goa, Sikkim, Tamil Nadu and Punjab have registered the lowest poverty across India.
The MPI measure uses the methodology developed by the Oxford Poverty and Human Development Initiative and the UNDP

Banking & Finance

Exim Bank has committed loans worth $100 mn for domestic manufacturers of Covid-19 vaccines.
These loans are being extended to about half a dozen drug makers in the country.
The loans for vaccines are also being extended to other countries.
The bank expects a credit growth of 10% this year.
This will be driven by ‘good’ demand from EPC, textiles, pharma and petroleum sectors, among others.
Its loan portfolio increased 4.43% year-on-year to ₹1,03,851 crore.

State Affairs

GHCL Limited has signed an MoU with the Tamil Nadu for investing ₹500 crore in the State.
As per the MoU, GHCL will set up 40,000 ring spindles in Manaparai, Tiruchirappalli district, to produce synthetic and synthetic blended yarn.
GHCL also plans to develop an EHT (extra high tension) power transmission facility in Manaparai to ensure uninterrupted power supply.
GHCL has proposed to set up a 20 MW solar power park near Musiri, Tiruchirappalli district.

Banking & Finance

Indian Oil, BPCL and HPCL announced the launch of Model Retail Outlet Scheme and a Digital Customer Feedback Program called Darpan@petrolpump.
Three oil PSU’s have joined hands to launch Model Retail Outlets to enhance service standards and amenities, across their networks.
The initiative was inaugurated by Minister of Petroleum and Natural Gas & Housing and Urban Affairs, Hardeep Singh Puri.

Banking & Finance

The internal working group of RBI has proposed to raise the cap on promoters’ stake in private banks from the current 15 % to 26 % in 15 years.
Presently, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years.
The RBI had constituted the IWG on June 12, 2020, to review extant ownership guidelines and corporate structure for Indian private sector banks.