16th February Daily Current Affairs 2022: Today GK Updates for Bank Exam

Table of Contents

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 16th February 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Here is the Daily GK Update of 16th February 2022 covering the following news headlines: Dabur India, Bappi Lahiri, International Childhood Cancer Day, ICC players of the month, Business Standard Banker of the Year, RailTel.

Top 15 Daily GK Updates: National & International News

Here is providing below the top 15 important Daily General Knowledge 2022 updates with national & international news.

National News

1. Govt of India bans 54 apps of Chinese origin

The government of India has banned 54 apps of Chinese origin citing security concerns. The apps include Sea Ltd.’s marquee game Free Fire and other apps related to tech firms like Tencent, Alibaba and NetEase.
The apps were banned by the Ministry of Electronics and Information Technology are re-branded versions of apps banned by India in 2020. Free Fire is often compared with PUBG. It is among the world’s most popular mobile games.
Under Section 69A of the Information Technology (IT) Act, 2000 provides government power to issue directions for blocking public access of any information through any computer resource. This section allows the government to block websites.

State News

2. GoI allocates Rs 2.26 Crores for Telangana’s Medaram Jatara Festival 2022

The Ministry of Tribal Affairs, Government of India, has sanctioned Rs. 2.26 Crores for Medaram Jatara 2022 Festival in Telangana. In 2022, the festival is being held from February 16 to 19, 2022.
Medaram Jatara is the second-largest fair in India, after the Kumbh Mela. Medaram Jatara is conducted in honour of the Goddesses Sammakka and Saralamma. It was declared a State Festival in 1998.
The four-day tribal festival is celebrated once in two years in the month of “Magha” (February) on the full moon day, in Medaram Village of Mulugu district in Telangana.
The festival is organised by the second-largest Tribal Community of Telangana, the Koya tribe, in collaboration with the Tribal Welfare Department, Government of Telangana.

Important takeaways for all competitive exams:

Telangana Capital: Hyderabad;
Telangana Governor: Tamilisai Soundararajan;
Telangana Chief minister: K. Chandrashekar Rao.

3. Maru Mahotsav or Jaisalmer Desert Festival celebrated in Rajasthan

The renowned Jaisalmer Desert Festival, also known as Maru Mahotsav of the Golden City started from 13 to 16 February 2022 at Pokaran village in Jaisalmer, Rajasthan. It is a four-day-long annual event started with a colorful grand procession followed by Miss Pokaran and Mister Pokran competitions. Regional folk dances such as Kalbelia, Kachhi Ghodi, Gair will be performed.
Rajasthan Minority Affairs Minister, Shale Mohammad flagged off the event. The festival is celebrated amidst the beautiful dunes of the Thar Desert in the Sam dunes (42 kilometres from Jaisalmer).

Important takeaways for all competitive exams:

Chief Minister of Rajasthan: Ashok Gehlot; Governor: Kalraj Mishra.

Appointments News

4. IAS Officer Vineet Joshi named as Chairman of CBSE

IAS Vineet Joshi has been appointed as the new Chairman of the Central Board of Secondary Education (CBSE). He replaces IAS Manoj Ahuja, who has been appointed as the Officer on Special Duty (OSD) in the Department of Agriculture and Farmers Welfare.
Mr Joshi, a 1992-batch IAS officer of the Manipur cadre, is an Additional Secretary, Department of Higher Education, under the Ministry of Education. He is also the Director-General of the National Testing Agency (NTA). In 2010 as well he got the responsibility of CBSE chairman.

Important takeaways for all competitive exams:

CBSE Head Office: Delhi;
CBSE Founded: 3 November 1962.

Banking News

5. FM Sitharaman launches first colour souvenir coin on ‘Panchtantra’

Finance Minister, Nirmala Sitharaman has launched the first colour souvenir coin on ‘Panchtantra’ on the occasion of the 17th foundation day of Security Printing and Minting Corporation of India Limited (SPMCIL).
The finance minister in her address stressed on upskilling and acquiring new skills, and up-gradation to meet the technology-driven economy. Further, she emphasized on ramping up the quality of products and to brand SPMCIL as lead producers of currency and other sovereign products.

Economy News

6. Retail inflation rose to 6.01% in January, just above RBI’s upper limit

India’s retail inflation, as measured by the consumer price index (CPI), accelerated to 6.01% in the month of January, breaching the Reserve Bank of India (RBI) tolerance band of 6%, albeit marginally.
The surge in inflation print was driven by higher consumer goods and telecom prices along with a comparatively low rate a year ago. Inflation, as measured by the consumer price index (CPI) was 5.66% in the preceding month of December.
The Central bank’s monetary policy has been given the mandate to maintain annual inflation at 4% until March 31, 2026, with an upper tolerance of 6% and a lower tolerance of 2%.

7. GoI reduces agri-cess for Crude Palm Oil from 7.5 percent to 5 percent

With a view to provide further relief to consumers and to keep in check any further rise in the prices of domestic edible oils, the Centre has reduced the agri-cess for Crude Palm Oil from 7.5 per cent to 5 per cent.
The current basic rate of import duty of zero per cent on Crude Palm Oil, Crude Soyabean oil, and Crude Sunflower Oil up to the 30th of September this year. This will give relief to consumers and prevent a further rise in the price of domestic edible oils.
The 12.5 per cent import duty on refined palm oils, 17.5 per cent on refined soyabean oil, and 17.5 per cent on refined sunflower oil will continue in effect until September 30, 2022. Furthermore, under the Essential Commodities Act of 1955, the government has set stock limit levels on edible oils and oilseeds up to June 30th of this year.

8. MoSPI projected GDP deflator forecast for FY23 at 3-3.5%

Ministry of statistics and programme implementation (MoSPI) has projected India’s gross domestic product (GDP) deflator for FY23 at 3 to 3.5%.
The Government’s own projection on real GDP growth for FY23 is at 7.6-8.1% and the union budget projected nominal GDP growth rate to be 11.1% for FY23. GDP Projection in the Budget is based on advance estimates of the ‘National Statistical Office’ (NSO).
Economic Survey 2021-22 projected a real GDP growth rate of 8-8.5 per cent in FY23. RBI projected India’s real GDP growth of 7.8 per cent in FY23 and retail inflation of 4.5 per cent for FY23. The GDP deflator, or implicit price deflator, is a measure of inflation and is the difference between nominal GDP and real GDP.

Awards News

9. RailTel gets ICAI award for excellence in financial reporting

RailTel has bagged the ICAI award for excellence in financial reporting for the year 2020-21 in Public Sector Entities Category. The company was adjudged as the winner in the category “plaque”.
Financial Reporting includes the preparation and presentation of financial information. Effective Financial Reporting plays a significant role in accelerating the economic growth of a country as the information provided through annual reports enables the management and other relevant stakeholders in taking various effective business, investment, regulatory decisions.
The award was given by the Institute of Chartered Accountants of India (ICAI), the premier accounting body which has been holding the annual competition for these awards since 1958. This award has been instituted with a view to promote better standards in the preparation and presentation of information in the financial statements.

10. ICICI Bank’s Sandeep Bakhshi named Business Standard Banker of the Year 2020-21

Sandeep Bakhshi has been named the Business Standard Banker of the Year 2020-21. He is the managing director (MD) and chief executive officer (CEO) of ICICI Bank.
The winner was chosen by a jury of 5 members chaired by former Reserve Bank of India deputy governor S S Mundra. For 2020-21, ICICI Bank reported a net profit of Rs 16,193 crore against Rs 7,931 crore during the previous financial year.

The criteria used for selecting the contenders were the following:

Banks with an asset size of Rs 50,000 crore and above as of March 2021.
10 per cent or more growth in profits prior to provisioning in the past one-, two- and three-year periods. Only 10 banks qualified, and that was further brought down to seven.

Science and Technology News

11. Indian mining major Vedanta to manufacture semiconductors in India

The Indian mining major Vedanta has tied up with Taiwanese electronics manufacturing company, Hon Hai Technology Group (better known as Foxconn) to form a joint venture (JV) for manufacturing semiconductors in India. Anil Agarwal, the non-executive Chairman of Vedanta, will be the Chairman of the JV company.
This is the first JV in the electronics manufacturing sector after the government announced a Rs 76,000 crore production-linked incentive (PLI) scheme for semiconductor and display manufacturing, to create an ecosystem of local production of semiconductors in India. Vedanta will be the majority shareholder in the JV while Foxconn will hold minority share.

Important takeaways for all competitive exams:

Foxconn Founder: Terry Gou;
Foxconn Founded: 20 February 1974;
Foxconn Headquarters: Tucheng District, Taipei, Taiwan.

Sports News

12. Keegan Petersen, Heather Knight ICC players of the month for January

South Africa’s Test sensation Keegan Petersen and England women’s team captain Heather Knight were voted ICC Players of the Month for January 2022.
In the men’s category, South African batter Keegan Petersen was a sensation during the home Test series against India. He ended the series as the highest run-scorer with 276 runs and was named the Player of the Series.
For the women’s award, England skipper Knight beat off competition from Sri Lanka captain Chamari Athapaththu and West Indies star Deandra Dottin to be named ICC Player of the Month for January 2022. Knight captained England in the one-off Ashes Test against Australia in Canberra and finished as the highest run-getter.

Important Days

13. International Childhood Cancer Day 2022

Every year, February 15 is observed as International Childhood Cancer Day (ICCD) to raise awareness about the evil that entails this issue and the ways to deal with the same.
The day is a global collaborative campaign to raise awareness about childhood cancer and to express support for children and adolescents with cancer, the survivors and their families.
This annual event was created in 2002 by Childhood Cancer International, a global network of 176 parent organizations, childhood cancer survivor associations, childhood cancer support groups, and cancer societies, in over 93 countries, across 5 continents.

Obituaries News

14. Legendary singer and music composer Bappi Lahiri passes away

Veteran singer and composer, Bappi Lahiri has passed away at the age of 69. He was lovingly called Bappi Da in the industry is known for delivering iconic songs in several films of the late 1970s-80s like Chalte Chalte, Disco Dancer, and Sharaabi.
His last Bollywood song was Bhankas for the 2020 film Baaghi 3. The singer is known for his gold chains. His real name was Alokesh Lahiri. He joined BJP in 2014. He was declared a BJP candidate from Srerampur (Lok Sabha constituency) in West Bengal for the 2014 Indian general election and lost.

Miscellaneous News

15. Dabur becomes first Indian plastic waste neutral’ FMCG company

Dabur India has become the first Indian consumer goods company to become completely plastic waste neutral. It has done this by collecting, processing and recycling around 27,000 metric tonnes of post-consumer plastic waste during FY21-22.
Dabur has achieved the landmark of surpassing its plastic packaging usage with recycling. Dabur’s Plastic Waste Management initiative was launched in 2017-18 as part of the Plastic Waste Management (PWM) Rule.
Dabur has also announced the beginning of a new ‘Save the Environment’ campaign in Himachal Pradesh to raise community awareness about how to manage home plastic waste.
They have also been working with school children in towns and villages as part of this commitment, educating them about different forms of garbage and the benefits of sorting them at the source. They have been assisting government schools by providing waste bins, sanitary facilities, and IEC (Information, Education, and Communication) materials.

Important takeaways for all competitive exams:

Dabur India CEO: Mohit Malhotra;
Dabur India Headquarters: Ghaziabad;
Dabur India Founder: S.K. Burman;
Dabur India Founded: 1884.

Check More GK Updates Here

16th January | Current Affairs 2022 | Current Affairs Today | Current Affairs

Click Here to Register for Bank Exams 2021 Preparation Material

Visit Achieversadda.com and participate in discussions with other aspirants and achievers. Get answers to your queries and connect with others on Achieversadda.com