Daily GK Update: 28th May 2022

National Affairs

President of India, Ram Nath Kovind has inaugurated two-day National Women Legislators’ Conference-2022 in Thiruvananthapuram
It is being hosted by Kerala Legislative Assembly as a part of ‘Azadi ka Amrit Mahotsav’.
It was attended by 120 delegates from different states across India.
During the conference, Kerala higher education minister R Bindu moved a resolution to make 33% reservation for women in legislative bodies.

National & International Appointments

Justice Pradip Kumar Mohanty has been appointed as the acting Chairperson of Lokpal by President Ram Nath Kovind, after Pinaki Chandra Ghose completed his tenure as the Lokpal Chief.
His tenure is effective from 28th May, till the appointment of new Chairperson.
Lokpal:
- Anti-corruption authority or ombudsman body who represents public interest in India
- It consists of Chairperson and 8 members with 5 years tenure
- First Chairperson of Lokpal: Pinaki Chandra Ghose

National Affairs

PM Modi has inaugurated World's first Nano Urea (Liquid) Plant constructed at Indian Farmers Fertilizer Cooperative Ltd (IFFCO) at Kalol, Gandhinagar, Gujarat.
Nano Urea Liquid Plant has been built at the cost of around Rs 175 crore to boost productivity and increase farmers income.
It will produce about 1.5 lakh bottles of 500 ml.
IFFCO Nano Urea is the only Nano fertilizer approved by Government and included in the Fertilizer Control Order (FCO).

National Affairs

Atal Innovation Mission (AIM), NITI Aayog has organized 'National Outreach Meet' for 2nd edition of Atal New India Challenge (ANIC) at International Centre Goa
Hosted by: Atal Incubation Centre at Goa Institute of Management (AIC-GIM Foundation)
ANIC: Flagship program of AIM to seek, select, support and nurture technology-based innovations that solve sectoral challenges of national importance and societal relevance.

State Affairs

Union Minister Jitendra Singh has inaugurated North India’s first Industrial Biotech Park at Ghatti, Kathua, Jammu.
Biotech Park will act as hub for incubation of new ideas and will act as a robust platform to support Agri-entrepreneurs, Startups, farmers, scholars, and students.
It has a potential to produce 25 startups in a year which will be among its great contributions to this region.
Biotech Parks of J&K are among 9 Biotechnology Parks supported by DBT.

State Affairs

Union Minister for Youth Affairs and Sports, Anurag Thakur has inaugurated Khashaba Jadhav Sports Complex of the Pune University.
The complex is spread over 27-acre land and it has synthetic athletic track, football, Astro turf lawn tennis court, international standard shooting range, state of art gymnasium.
It also includes outdoor sports facilities like kho-kho, kabaddi, corf ball and multipurpose indoor hall like badminton, basketball, volleyball, hand ball, etc.

Banking & Finance

RBI has red-flagged non-banking financial companies (NBFCs) in its annual report, observing that balance sheets of shadow banks expanded even as the asset quality deteriorated.
Some of NBFCs pose potential threat to financial stability as their size increased due to higher risk appetite
Shadow banking: bank-like activities that take place outside traditional banking sector
It is commonly referred to as non-bank financial intermediation or market-based finance.

National Affairs

Union Minister, Anupriya Patel has launched Indian Business Portal in New Delhi to serve as an international trade hub for Indian exporters and foreign buyers.
Developed by: Federation of Indian Export Organizations
It is a business-to-business digital/ e-commerce marketplace to empower small medium enterprises exporters, artisans and farmers to identify new markets for their products and grow their sales globally and to help Indian exporters get global visibility.

State Affairs

Uttarakhand govt has announced to form 5-member drafting committee to implement the much-debated Uniform Civil Code (UCC) in the state
Head of the committee: Ranjana Desai (retired Supreme Court judge)
Members: Delhi High Court judge Pramod Kohli, ex-state chief secretaries Shatrughan Singh, Manu Gaud and Surekha Dangwal
UCC: Common set of laws governing personal matters like marriage, divorce, inheritance and succession for all citizens, irrespective of religion, etc

Banking & Finance

RBI’s Banknote Survey of Consumers findings has revealed that ₹100 was the most preferred banknote while ₹2,000 was the least preferred denomination.
Among coins, ₹5 denomination was the most preferred whereas ₹1 was the least preferred.
Watermark of Mahatma Gandhi’s image followed by windowed security thread was the most recognized security feature as per the survey
Survey took the sample of 11,000 respondents from rural, semi-urban, urban and metropolitan areas