17th 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 17th 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 17th February 2022 covering the following news headlines: Kunsnyom scheme, SEED, Narcotics Control Bureau, TERI’s World Sustainable Development Summit, India’s G20 Presidency, 4th India-Australia Energy Dialogue.

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.

International News

1. World Health Organisation launches Quit Tobacco App

World Health Organization (WHO) South-East Asia Region (SEAR) has launched a ‘Quit Tobacco App’. This application helps people to give up the use of tobacco in all forms, including smokeless and other newer products.
The App was launched by Dr Poonam Khetrapal Singh, Regional Director, WHO-SEAR, during WHO’s year-long ‘Commit to quit’ campaign, is the latest tobacco control initiative by the WHO South-East Asia Region.
The app, the first such by WHO, and the first that targets all forms of tobacco, helps users to identify the triggers, set their targets, manage cravings, and stay focused to quit tobacco.
Tobacco is the world’s leading cause of preventable death and kills nearly 8 million persons every year. It claims 1.6 million lives in the WHO South-East Asia Region which is amongst the largest producers and consumers of tobacco products.

Important takeaways for all competitive exams:

World Health Organization Headquarters: Geneva, Switzerland;
World Health Organization Founded: 7 April 1948;
World Health Organization Director-General: Tedros Adhanom.

Appointments News

2. Bihar ropes in Manoj Tiwari as brand ambassador for Khadi

Bhojpuri singer and BJP MP, Manoj Tiwari will be the brand ambassador of Khadi and other handicrafts of Bihar. He will be the “brand ambassador” for Khadi and other handicrafts of Bihar, state minister Syed Shahnawaz Hussain announced.
Manoj Tiwari will promote the use of Khadi fabric, which was popularized by Mahatma Gandhi during India’s Independence movement. Tiwari, who has lent his voice to innumerable foot-tapping numbers, including the “Gangs of Wasseypur” chartbuster “Jiya ho Bihar ke lala”.

Important takeaways for all competitive exams:

Bihar Governor: Phagu Chauhan;
Bihar Capital: Patna;
Bihar Chief minister: Nitish Kumar.

Bankings News

3. Yes Bank launches ‘Agri Infinity’ programme

Private sector lender, Yes Bank has launched an ‘Agri Infinity’ programme for digital financing solutions in the food and agriculture sector ecosystem by mentoring entrepreneurial ventures in this field.
Agri-fintech start-ups working on financial innovations across the food and agriculture value chain are eligible to apply under this programme and can work with Yes Bank for digital solutions.
Through the initiative, a select cohort of startups will not only receive mentoring by veteran bankers for experiential co-development but also get access to YES BANK’s digital banking infrastructure and network, collaborative opportunities to pilot new solutions and fundraising advisory.
Those involved in originations, farmer on-boarding, farmer KYC, credit scoring, risk assessment, monitoring and mitigation, disbursement and recovery solutions and cash management system, among others, can apply.

Important takeaways for all competitive exams:

Yes Bank Founded: 2004;
Yes Bank Headquarters: Mumbai, Maharashtra;
Yes Bank CEO: Prashant Kumar;
Yes Bank Tagline: Experience Our Expertise.

Economy News

4. India’s wholesale inflation declines to 12.96% in January

India’s wholesale inflation has eased to 12.96 % in January from 13.56 % in the previous month. The Wholesale Price Index (WPI) based inflation has declined consistently in recent months.
It fell from 14.87 % in November 2021 to 13.56 % in December 2021 and further to 12.96 % in January 2022. However, inflation still remains at an elevated level and is a matter of concern for economic policymakers.
The high rate of inflation in January 2022 is primarily due to rise in prices of mineral oils, crude petroleum & natural gas, basic metals, chemicals, and chemical products, food articles etc as compared the corresponding month of the previous year”.
Wholesale food inflation hardened during the month of January. The rate of inflation based on the WPI Food Index increased marginally from 9.24 % in December 2021 to 9.55 % in January 2022.
Prices of Minerals rose by 11.08 % and non-food articles became costlier by 0.37 % in January 2022 as compared to December 2021.

Business News

5. Jio Platforms picks up 25% stake in US-based tech startup TWO Platforms

Jio Platforms has picked up a 25% stake in US-based deep-tech startup company TWO Platforms for $15 million. Two Platforms is an artificial reality company that focuses on building interactive and immersive AI experiences.
The two companies have joined hands to fast track the adoption of new technologies and build disruptive technologies such as AI, metaverse and mixed realities. TWO’s platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming.
It plans to bring its interactive AI technologies first to consumer applications followed by entertainment and gaming, as well as enterprise solutions including retail, services, education, health and wellness. The platform was founded by Indian-origin computer scientist Pranav Mistry.

6. SIDBI launches ‘waste to wealth creation’ programme 2022

Small Industries Development Bank of India (SIDBI) has launched the ‘Waste to Wealth Creation’ programme for women in the Sundarbans in West Bengal. In this, the women will make ornaments and showpieces from the fish scales. SIDBI will extend benefits to 50 women indirectly generating revenues from alternate livelihoods.
Under this programme, Later, these women are expected to become a trainer for replicating and disseminating the knowledge among other aspirants. This is a part of mission Swavalamban of SIDBI that aims to support artisans to become sustainable.

Important takeaways for all competitive exams:

SIDBI Founded: 2 April 1990;
SIDBI Headquarters: Lucknow;
SIDBI Chairman & MD: Sivasubramanian Ramann.

7. Sebi makes provision of separation of chairperson & MD/CEO roles voluntary

Securities and Exchange Board of India (Sebi) board has decided to make provision for separation of the roles of chairperson and MD/CEO as ‘voluntary’ against ‘mandatory’ earlier.
The market regulator had in June 2017 set up a committee on corporate governance under Uday Kotak with a view to seek recommendations to further enhance corporate governance norms for listed companies.
One of the recommendations that the Committee came out with was the separation of the roles of chairperson and MD/CEO of listed companies. This was proposed to provide a better and more balanced governance structure by enabling more effective and objective supervision of the management.
The Sebi board, in its meeting in March 2018 approved the proposal for the top 500-listed entities. Later the deadline for compliance was extended by two years in January 2020.

Important takeaways for all competitive exams:

SEBI Founded: 12 April 1992;
SEBI Headquarters: Mumbai;
SEBI Chairperson: Ajay Tyagi.

Summits and Conferences News

8. Union Minister RK Singh co-chairs 4th India-Australia Energy Dialogue

The 4th India-Australia Energy Dialogue was co-chaired by Union Minister for Power and New & Renewable Energy, RK Singh and Australian Energy and Emissions Reduction Minister Angus Taylor.
Energy Transition was a major area of discussion in the dialogue and both the Energy Ministers. Energy Transition activities in their respective countries with a focus on renewables, energy efficiency, storage, EVs, critical minerals, mining etc.
The need of Climate Finance was also highlighted by India for meeting the Energy Transition goals of developing countries. Both the countries signed a Letter of Intent (LoI) for working towards reducing the cost of new and renewable energy technologies and scaling up their deployment to reduce global emissions.

9. GoI forms G20 Secretariat in view India’s G20 Presidency

India will hold the Presidency of the G20 from 1 December 2022 to 30 November 2023 and the G20 Summit will be held in India in 2023 (18th edition). For its preparation, the government has approved the setting up of a G20 Secretariat and its reporting structures.
The G20 Secretariat will be guided by an Apex Committee headed by Prime Minister and it will have the following members: Finance Minister: Nirmala Sitharaman, Home Minister: Amit Shah, External Affairs Minister: S. Jaishankar, and G20 Sherpa: Piyush Goyal.
The G20 secretariat will be responsible for the implementation of overall policy decisions and arrangements needed for steering India’s forthcoming G20 Presidency. In 2021, the G20 summits was held in Rome, Italy. In 2022 the G20 summit will be held in Bali, Indonesia while in 2023 it will be held in New Delhi, India.

10. TERI’s World Sustainable Development Summit begins

The Prime Minister, Narendra Modi has delivered the inaugural address at The Energy and Resources Institute’s (TERI) World Sustainable Development Summit.
Mr Luis Abinader, President of the Dominican Republic, Dr Mohamed Irfaan Ali, President of the Cooperative Republic of Guyana, Ms Amina J Mohammed, Deputy Secretary-General, United Nations and Union Minister Shri Bhupender Yadav were among those present on the occasion.
The 21st edition of WSDS is scheduled from 16th-18th February 2022. The theme for this year’s summit is Towards a Resilient Planet: Ensuring a Sustainable and Equitable Future.
The Prime Minister recalled that Environment and sustainable development have been key focus areas for him all through his 20 years in office, first in Gujarat and now at the national level.
The Prime Minister informed about the LED bulbs distribution scheme that has been running for over seven years, has helped save more than 220 billion units of electricity and 180 billion tonnes of carbon dioxide emissions per year.
He encouraged academic and research institutes like TERI to come up with scalable solutions to realize the potential of green hydrogen.

11. Narcotics Control Bureau organises “Darkathon-2022”

The Narcotics Control Bureau (NCB) is organising a “Darkathon-2022” to find solutions to counter drug trafficking through the darknet. The initiative aims at involving students, youth and technical experts to find effective solutions to unravel the anonymity of darknet markets.
The agency recently smashed three groups of drug peddlers that were operating on the network that is accessed through encryption software which enables anonymity of users.
The prize money for the first winner is Rs 2.50 lakh, the runner-up would get Rs 2 lakh and the third winner Rs 1.50 lakh. The consolation prize for the 4th and 5th place is Rs 25,000 each. The online registration will continue till March 31 through https://ncb.cyberchallenge.in.

Important takeaways for all competitive exams:

Narcotics Control Bureau Director-General: Satya Narayan Pradhan;
Narcotics Control Bureau Headquarters: New Delhi;
Narcotics Control Bureau Founded: 1986.

Schemes and Conferences News

12. Social Justice Ministry launches Scheme for Economic Empowerment of DNTs

Union Minister of Social Justice and Empowerment, Dr Virendra Kumar has launched a central sector scheme named the Scheme for Economic Empowerment for DNTs, (SEED) at Dr Ambedkar International Centre, New Delhi.
The total financial outlay for SEED Scheme is approximately Rs 200 crore to be spent over a period of 5 years starting Financial Year 2021-22 to 2025-26.
The objective of SEED is the welfare of De-notified, Nomadic and Semi Nomadic tribal Communities (DNT/NT/SNT), which are the most neglected, marginalized and economically and socially deprived communities.

The scheme will have the following four components:

To provide coaching of good quality for DNT/NT/SNT candidates to enable them to appear in competitive examinations.
To provide health insurance to DNT/NT/SNT Communities.
To facilitate livelihoods initiative at the community level to build and strengthen small clusters of DNT/NT/SNT Communities institutions.
To provide financial assistance for the construction of houses to members of the DNT/NT/SNT Communities.

Books and Authors News

13. A book titled ‘Humane: How the United States Abandoned Peace and Reinvented War’ released

A new book titled “Humane: How the United States Abandoned Peace and Reinvented War” authored by Samuel Moyn was released. Samuel Moyn is the Professor of Jurisprudence at Yale Law School and a professor of History at Yale University.
This provocative book argues about the endless wars the USA created in the past including Vietnam War (1955-1975), Korean War (1950-1953), World War II (1939-1945) etc and this development might not represent progress at all.
The book highlights the United States of America (USA) strategy on fighting wars and how armed combat was transformed from an imperfect tool for resolving disputes into an integral component of the modern condition.

Obituaries News

14. Bengali singer Sandhya Mukherjee passes away

Legendary Bengali singer, Sandhya Mukherjee has passed away at the age of 90 years due to cardiac arrest. Her full name was Geetashree Sandhya Mukhopadhyay. She had recently refused to accept the Padma award from the central government that was awarded in January 2022.
She told him that Padma Shree is not an award that should be conferred on a veteran like her. It would be demeaning for her to accept it. She was born in Kolkata in 1931, Sandhya Mukherjee recorded her first song in 1948 for the Hindi movie Anjaan Garh.
The music was composed by Rai Chand Boral. She sang under the direction of famous composers such as S D Burman, Roshan and Madan Mohan.

Miscellaneous News

15. LAHDC launched the “Kunsnyom scheme” for differently-abled persons

Ladakh Autonomous Hill Development Council (LAHDC), Leh has launched Kunsnyoms scheme for differently-abled persons. Kunsnyoms meant Equal for All, Fair for All, aims inclusive and accessible Ladakh.
Under the new scheme, Leh Hill council is providing assistive devices, technologies to needy people at 90 per cent subsidy.
Launching the new scheme, LAHDC Leh Chief Executive Councillor and Chairman, Mr Tashi Gyalson and his executive councillors have handed over 28 tri scooters, battery-run wheelchairs, walking aids and other aids required for the special needs of the individuals.
After becoming Union Territory, financially empowered with sufficient allocations of budget, the Hill Councils in Ladakh are utilizing the funds for welfare schemes.

Important takeaways for all competitive exams:

Ladakh (UT) Lieutenant Governor: Radha Krishna Mathur.

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17th January | Current Affairs 2022 | Current Affairs Today | Current Affairs

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