Daily GK Update: 30th November 2022

By Neha Bisarya|Updated : November 30th, 2022

 National & International Appointments

1. GroupM South Asia CEO, Prasanth Kumar elected president of AAAI

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  • Prasanth Kumar (CEO, South Asia of GroupM Media (India) Pvt Ltd) has been elected as the President of the Advertising Agencies Association of India (AAAI) for 2022-23.
  • While, Rana Barua (Group CEO of Havas Group India) has been elected as the Vice-President of the Association.
  • Immediate Past President, Anupriya Acharya has been appointed as the ex-officio member of the AAAI Board for 2022-23.
  • AAAI is a national advertising agencies, which was formed in 1945.

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 National Affairs

2. Niti Aayog launches CCUS policy framework

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  • Niti Aayog has launched the report title, 'carbon capture utilisation and storage (CCUS) policy framework and its Deployment Mechanism in India'.
  • The report explores the importance of CCUS as an emission reduction strategy, to achieve the deep decarbonization from the hard-to-abate sectors.
  • The report was launched by Vice Chairman of Niti Aayog, Suman Bery.
  • The report was prepared on the inputs provided by the various stakeholders from the Energy and Power Sector.

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 Agreement

3. Vistara airlines to be merged with Air India by March 2024

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  • Vistara airlines (Singapore Airlines) has agreed to merge with Tata-owned Air India by March 2024, subject to regulatory approvals.
  • Singapore Airlines will invest 250 million Dollars (Rs 2,000 crore) into Air India, as soon as this integration is completed.
  • After the merger, Singapore Airlines shall hold 25.1 per cent shareholding in Air India.
  • Vistara is a 51:49 joint venture between Tata Sons and Singapore Airlines Limited.

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 Obituaries

4. Toyota Kirloskar Motor, Vice Chairman Vikram Kirloskar passes away

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  • The vice chairman of Toyota Kirloskar Motor Pvt Ltd, Vikram S Kirloskar has bee passed away at the age of 64.
  • He became the vice chairman of Toyota Kirloskar in 1998.
  • He has also served as president of the Society of Indian Automobile Manufacturers from 2013-15.
  • He also served as the President of the Confederation of Indian Industry (CII) for 2019-20.
  • He was also awarded the Indian Institute of Metals (IIM) JRD Tata Award 2020.

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 Banking & Finance

5. RBI to launch of first pilot for retail digital Rupee on 1st December

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  • The RBI will launch the first pilot for the retail digital Rupee on 1st December 2022.
  • Presently, eight banks have been identified for phase-wise participation.
  • First phase: SBI, ICICI, Yes Bank and IDFC First
  • Subsequent phase: BoB, Union Bank of India, HDFC and Kotak Mahindra.
  • This pilot project would initially cover Mumbai, New Delhi, Bengaluru and Bhubaneswar.
  • Later, it is extended to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla. 

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 International Affairs

6. Australia's Great Barrier Reef be put on in danger list: UN panel

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  • A UN panel has suggested that Australia's Great Barrier Reef should be listed as a world heritage site that is in danger.
  • Reason: It was significantly impacted by climate change and warming of oceans.
  • Frequent bleaching events are threatening the reef, which include the first during La Nina phenomenon, which typically brings cooler temperatures.
  • Bleaching: When the water warms too much, causing corals to expel the colourful algae living in their tissues and turn white.

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 State Affairs

7. Meghalaya cabinet approves mental health and social care policy

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  • The Meghalaya has become the first state in the Northeast to pass first-ever Mental Health and Social Care Policy.
  • After Kerala and Karnataka, Meghalaya becomes the third state in India to have such a policy.
  • Aim: To promote overall mental health and well-being and facilitate appropriate access and care pathways.
  • This policy will ensure that proper attention is given to mental health, particularly for our youth and adolescents.

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 Banking & Finance

8. RBI imposed Rs 1.25 crore penalty on Zoroastrian Co-operative Bank

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  • The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Mumbai.
  • Reason: For non-compliance with certain directions, including one related to discounting of bills.
  • The RBI has imposed penalty of Rs 20 lakh on Indian Mercantile Co-operative Bank, Lucknow for non-compliance with the certain norms related classification of non-performing assets.
  • The central bank also imposed penalties on five other cooperative banks.

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 Banking & Finance

9. Sebi forms a panel to review corporate takeover rules

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  • SEBI has set up a high-level panel to review the takeover norms in a move to simplify and strengthen the current rules by adopting appropriate global practices.
  • The SEBI regulator will also assess the current rules in the light of past judicial pronouncements and various informal guidelines issued by the capital markets regulator.
  • The 20-member committee will be chaired by former Chief Justice of Punjab and Haryana High Court, Shiavax Jal Vazifdar.

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 Banking & Finance

10. Star Health launches policy for outpatient expenses

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  • Star Health and Allied Insurance has launched Star Out Patient Care Insurance Policy, which aims at providing complete health and wellness benefits to customers at an affordable cost.
  • The claims processing procedure will be entirely digital.
  • The policy is available on individual or floater basis and cover up to six family members
  • Age: 18 - 50 years (adults) and 31 days to 25 years (dependent children)
  • Four sum insured (SI) options: ₹25,000, ₹50,000, ₹75,000 and ₹1 lakh

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 State Affairs

11. Karnataka developing app-based networking platform for IPRs

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  • Karnataka State Council for Science and Technology (KSCST) is developing an app-based networking platform called "Patentkart".
  • Aim: For commercialisation of Intellectual Property Rights
  • It will benefit patent holders and their clients in commercialising their IP.
  • In the past three years, more than 700 patents have been filed by KSCST-assisted IP cells.
  • Patent Facilitation Centre has supported setting up of a Patent Information Centre at KSCST, IISc.

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 International Affairs

12. 'Gaslighting' is Merriam-Webster's word of the year 2022

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  • The Merriam-Webster (US dictionary publisher) has announced "gaslighting", as 2022 word of the year.
  • Merriam-Webster has defined Gaslighting, "The act or practice of grossly misleading someone especially for one's own advantage".
  • Interest in the term was up by 1,740% over the previous years according to searches of the online dictionary.
  • Other popular words 2022: Oligarch, Omicron, Codify, Queen Consort, Raid

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 Science & Technology

13. NASA's Artemis 1 Orion capsule sets new flight record

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  • NASA's Artemis 1 Orion capsule has set a new space flight record for spacecraft designed to carry humans by travelling 401,798 km from Earth.
  • The previous record was held by Apollo 13 on April 14, 1970 by travelling 400,171 km.
  • Apollo 13 was not designed to travel that far and the spacecraft was only made to complete a moon landing.
  • Since the Orion was not staffed, the Apollo 13 crew still holds the record for the farthest distance from Earth reached by humans.

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Daily GK Update: 30th November 2022

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