Daily GK Update: 3rd February 2022

By Md Mansur Alam|Updated : February 3rd, 2022

 Defense

1. Indian Navy’s fifth Scorpene-class submarine sails out for first sea trial

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  • The Indian Navy's brand-new submarine, the fifth of six French-designed Scorpene-class submarines, sailed out on its first sea sortie.
  • It will undergo rigorous trials before being delivered to the Navy later this year.
  • The submarine-designated "Yard 11879" during its construction by Mazagon Dock Shipbuilders Limited (MDL) in collaboration with the Naval Group of France will be named 'Vagir' after it is commissioned into service.
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 Schemes

2. Government approves continuation of scheme for Assistance to National Sport

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  • The government has approved the continuation of the Scheme of Assistance to National Sports Federations with an outlay of Rs.1575 crore for the 15th Finance Commission Cycle 2021-22 to 2025-26.
  • It is the main source of funding for the preparation of national teams for all major national, international competitions.
  • Funding will be used by National Sports Federations to conduct national coaching camps and provide training of international standards to athletes.
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 Honours & Awards

3. Neeraj Chopra nominated for Laureus World Breakthrough of the Year Award

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  • Tokyo Olympics gold medallist Neeraj Chopra has been nominated for the prestigious 2022 Laureus World Breakthrough of the Year Award
  • The other 5 nominees are Daniil Medvedev(Australian Open runner-up), Emma Raducanu(British tennis star), Pedri(Barcelona and Spain footballer), Yulimar Rojas (Venezuelan athlete) and Ariarne Titmus(Australian swimmer)
  • The winners will be revealed in April following a vote by the Laureus World Sports Academy, made up of 71 sporting greats
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 Agreement

4. PNB launches co-branded credit cards with Patanjali

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  • Punjab National Bank (PNB) and Patanjali Ayurved Ltd have launched co-branded contactless credit cards in partnership with the National Payments Corporation of India (NPCI)
  • The cards are offered on NPCI’s RuPay Platform and are available in two variants — PNB RuPay Platinum and PNB RuPay Select.
  • The cardholders can enjoy a cashback of up to 2% (not more than Rs 50) for transactions of Rs 2,500 or above at Patanjali Stores.
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 Defense

5. BDL signs contract for supply of Konkurs anti-tank missiles for Indian Army

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  • Bharat Dynamics Ltd signed a contract worth ₹82 crores for the manufacture and supply of Konkurs anti-tank missiles for the Indian Army.
  • BDL will manufacture and supply Konkurs anti-tank missiles to the Indian Army
  • Konkurs - M is a second generation, mechanized infantry anti-tank guided missile, to destroy armored vehicle equipped with explosive reactive armour.
  • BDL is also offering Man Portable Anti-Tank Guided Missiles, Nag, Milan-2T and Amogha, for exports.
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 Agreement

6. Dukaan partners with Simpl to provide Buy Now, Pay Later services

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  • Dukaan, a platform that enables small and medium-sized businesses set up online stores and sell products digitally, has partnered with Simpl to provide BNPL services to Dukaan's merchants.
  • Dukaan is notably the latest software platform to join Simpl's network of more than 10,000+ retail partners, to offer millions of customers buy now pay later options.
  • In addition, Dukaan has made an application marketplace for further customization of online stores.
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 Banking & Finance

7. India's GDP expected to grow 7.8% in FY23: Crisil report

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  • Domestic rating agency CRISIL estimated FY 2022-23 real GDP growth at 8 per cent as compared with the 8.5 per cent projected in the Economic Survey.
  • This estimate is owing to Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation.
  • The agency said global growth is expected to slow this year as major economies see a withdrawal of monetary and fiscal stimulus.
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 Banking & Finance

8. LIC 10th most valued insurance brand globally: Brand Finance

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  • According to the London-based Brand Finance, LIC is the strongest and the largest brand in the country with a valuation of $8.656 bn.
  • Also, LIC is ranked 3rd in brand strength globally after Poste Italiane, Italy and Mapfre, Spain
  • It is also the 10th most valued insurance brand
  • The market value of LIC will become Rs 43.40 lakh crore by 2022, and Rs 58.9-lakh crore by 2027.
  • In overall brand ranking LIC become the world's 206th most valuable brand in 2021.
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 Science & Technology

9. Sanctuaries in Gujarat, Uttar Pradesh listed as Ramsar sites

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  • Khijadia Wildlife Sanctuary in Gujarat and Bakhira Wildlife Sanctuary in Uttar Pradesh — were declared Ramsar sites.
  • With this, the total number of Ramsar sites in India goes up to 49. 
  • Khijadiya, which is part of the Central Asian Flyway, has become the 4th wetland of Gujarat to get the Ramsar tag.
  • Bakhira Wildlife Sanctuary, a freshwater marsh in the Sant Kabir Nagar district.
  • It is the largest natural floodplain wetland of eastern Uttar Pradesh.
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 Agreement

10. India & Nepal Sign MoU to Construct Motorable Bridge Across Mahakali River

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  • India and Nepal signed a Memorandum of Understanding (MoU) for the construction of a motorable Bridge over the Mahakali River.
  • It will connect Dharchula in India to Darchula in Nepal.
  • It will be constructed under Indian grant assistance.
  • The newly announced project to build a bridge over the Mahakali river would strengthen Nepal-India relations.
  • The project will improve cross-border connectivity between Nepal’s Sudurpaschim province and India’s Uttarakhand state.
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 Banking & Finance

11. EXIM Bank signs $500m LoC agreement with Sri Lanka

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  • The EXIM Bank of India and the Sri Lankan Govt signed a $500 mn Line of Credit. 
  • Aim: to help Sri Lanka cope with its current fuel shortages, amid one of the worst economic meltdowns facing Sri Lanka.
  • India’s support for fuel imports — by Sri Lanka from India — through the LoC, is in response to Lanka’s urgent requirement.
  • This critical support comes in the wake of a virtual meeting b/w the EAM S Jaishankar and the Sri Lanka’s MoF Basil Rajapaksa.
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 Sports

12. Mithali Raj moves to 2nd spot in ICC ODI rankings

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  • India's One-day International skipper Mithali Raj has risen one spot to second in the ICC Women's ODI Player Rankings for batters.
  • Mithali has displaced South African batter Lizelle Lee, who is now third on the list with 731 points
  • India opener Smriti Mandhana, who was recently named 'ICC women's Cricketer of the Year for 2021', continues to maintain her sixth spot.
  • Australia's Alyssa Healy ranked first.
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Daily GK Update: 3rd February 2022

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