Politics


1. Cabinet Approves Signing of MoU Amongst BRICS Nations On RAPC

The Union Cabinet has approved the signing of MoU amongst BRICS Nations on the Regional Aviation Partnership Cooperation (RAPC). The objective is that BRICS countries will benefit from the establishment of an institutional framework to cooperate in the field of civil aviation. The MoU signifies an important landmark in the civil aviation relations between India and other BRICS Member States and has the potential to spur greater trade, investment, tourism and cultural exchanges amongst the BRICS Nations.

BRICS is made up of China, Brazil, Russia, India and South Africa.

In December 2010, China, as the Chair, invited South Africa to join BRIC and attend the Summit in Sanya, China.

The 1st BRIC Summit was held in June 2009 in Yekaterinburg, Russia.

 

2. 10th Edition of Delhi Dialogue Begins in New Delhi

The 10th edition of the Delhi Dialogue begins in New Delhi. External Affairs Minister Sushma Swaraj delivered the keynote address of the two-day event. The theme of this event is ‘Strengthening India-ASEAN Maritime Co-operation’. Political leadership, policymakers, officials, diplomats, business leaders, think-tanks and academicians from India and ASEAN Member States will participate in the discussions. This is the first major event to be organized after the ASEAN-India Commemorative Summit that was held in New Delhi.

ASEAN stands for Association of Southeast Asian Nations.

 

3. RBI To Issue New Design Rs100 Denomination Banknote

The Reserve Bank of India will shortly issue Rs100 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has Motif of “RANI KI VAV” on the reverse, depicting the country’s cultural heritage. The base colour of the note is Lavender. The dimension of the banknote will be 66 mm × 142 mm. All the banknotes in the denomination of Rs100/- issued by the Reserve Bank in the earlier series will continue to be legal tender.

 


Sports


1. 7 New Medal Events Added To Beijing Winter Games 2022

 Planning for its next three Olympic Games, the International Olympic Committee (IOC) has added seven medal events to the 2022 Beijing Winter Games, published a 2020 Tokyo Olympics schedule with no agreement on when to race swimming finals, and set a timetable to add new sports to the 2024 Paris Olympics. The next Winter Olympics will now include: women’s monobob, Big Air freestyle skiing for men and women, plus mixed team events in short track speed skating, ski jumping, ski aerials and snowboardcross.

International Olympic Committee headquarters in Lausanne, Switzerland.


Business


1. Amazon, 2nd Company To Hit $900 billion Valuation After Apple

E-commerce giant Amazon briefly crossed $900-billion market cap for the first time in its history becoming only the second company after Apple to achieve this milestone. This comes after Amazon announced it sold over 100 million products during its Prime Day sale. Apple is currently the world's most valuable company with a market cap of $935 billion.

Amazon is a US based company which was Founded by Jeff Bezos.

It was founded in 1994.

 

2. Google Fined $5 Billion By EU In Android Antitrust Case

The European Union regulators have slapped Alphabet-owned Google with a record 4.34 billion euro ($5 billion) antitrust fine for abusing the dominance of its Android mobile operating system. According to the EU, Google's parent company has unfairly favored its own services by forcing smartphone makers to pre-install Google apps Chrome and Search in a bundle with its app store, Play.

Google CEO- Sundar Pichai, Parent organization- Alphabet Inc., Headquarters- the USA.

 

3. Jana Small Finance Bank Launches Commercial Operations

Jana Small Finance Bank announced the commercial launch of its banking operations, the last microfinance company to convert itself into a small finance bank (SFB), three years after the Reserve Bank of India (RBI) gave its in-principle approval. The small finance bank was earlier called Janalakshmi Financial Services and weathered huge losses on account of demonetization.

Ajay Kanwal is the MD and CEO of Jana Small Finance Bank.

The registered office of Jana Small Finance Bank is in Bengaluru, Karnataka.

 

4. Finance Ministry Approves Infusion of Rs 11,336 crore in 5 PSBs

The finance ministry has approved an infusion of Rs 11,336 crore in five state-owned lenders including PNB, Corporation Bank and Andhra Bank to help them meet the regulatory capital requirement. This is the first ever capital infusion in the current fiscal and the remaining amount of Rs 53,664 crore would be disbursed during the course of the year.

Which bank will get how much:

Punjab National Bank: Rs 2,816 crore (Highest Amount),

Allahabad Bank: Rs 1,790 crore,

Andhra Bank: Rs 2,019 crore,

Indian Overseas Bank: Rs 2,157 crore,

Corporation Bank: Rs 2,555 crore.

Piyush Goyal is the present Finance Minister of India.

 

5. SBI Organised Kisan Mela To Educate Farmers On Financial Literacy

Kisan Mela was organized at State Bank of India's rural and semi-urban branches across the country to impart financial literacy to farmers. As part of the mela, SBI also plans to offer Kisan Credit Cards to farmers. The bank also made farmers aware of the benefits of timely renewal of KCC account and usage of KCC Rupay Card for transactional convenience.

SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 01st July 1955.