Kapil Kathpal

NCC initiated a nationwide flagship campaign Puneet Sagar

Abhiyan
 Kapil Kathpal
NCC initiated a nationwide flagship campaign Puneet Sagar Abhiyan

• National Cadet Corps has initiated a nationwide flagship campaign

‘Puneet Sagar Abhiyan’ to clean seashores/beaches and other
waterbodies, including rivers and lakes of plastic & other waste
material.

• The initial phase of the ‘Puneet Sagar Abhiyan 2022’ is being

conducted in a grand manner between April 01-05, 2022, coinciding
with the National Maritime Day.
 Kapil Kathpal
Uttar Pradesh Govt launches “School Chalo
Abhiyan”
 Kapil Kathpal
Uttar Pradesh Govt launches “School Chalo Abhiyan”

• Uttar Pradesh Chief Minister Yogi Adityanath launched the “School Chalo Abhiyan” with a view to
ensure 100 percent enrolment in Primary and Upper Primary schools from Jaichandpur Katghara
upper primary school in Shravasti district of Uttar Pradesh

• The ‘School Chalo Abhiyan’ is being started in the Shravasti district because of its lowest literacy
rate with an average of 46.74 percent.

• Other Districts with low literacy rates in UP are Bahraich, Balrampur, Badaun and Rampur.

• A target has been set to connect two crore children with the drive.

• Under the scheme all Teachers, Principles, Officials and also People’s representatives should
themselves take every child who is deprived of school education to school, register them, and
provide them with facilities like free uniform, books, bag, shoes, sweaters etc,.
 Kapil Kathpal
Recent news related to Uttar Pradesh

• Uttar Pradesh government declared four villages located near the Nepal border
in the district as revenue villages.

• The Khijadiya Bird Sanctuary near Jamnagar in Gujarat and Bakhira Wildlife
Sanctuary in Uttar Pradesh have been listed as Wetlands of International
Importance by the Ramsar Convention.

• Capital: Lucknow
• Chief Minister: Yogi Adityanath
• Governor: Anandiben Patel
 Kapil Kathpal
Tamil Nadu launches ‘Kaaval Uthavi’ app for Public
During Emergency
 Kapil Kathpal

Tamil Nadu launches ‘Kaaval Uthavi’ app for Public During Emergency

• The Chief Minister of Tamil Nadu, M K Stalin launched ‘Kaaval Uthavi’ app
having 60 features that will provide police assistance to the people particularly
women during any emergency situation.

• The app features a facility to dial 112/100/101 to make direct calls with the police
control room.

• The Dial 100 facility has been integrated with the app.

• It will allow people to virtually reach the city police control room in a few seconds
by clicking an ‘emergency button’ of the app.

• The user’s live location will be shared with the control room by pressing the
emergency red button.
 Kapil Kathpal
Tamil Nadu forms Panel for State Education Policy
 Kapil Kathpal
Tamil Nadu forms Panel for State Education Policy

• Tamil Nadu State Government has created a panel to formulate an Education

Policy for the state.

• The State Education Policy, SEP panel will be headed by Former CJI D
Murugesan (former Chief Justice of Delhi High Court).
 Kapil Kathpal
Tamil Nadu forms Panel for State Education Policy

The panel comprises of 13 expert members including the former CJI. The remaining 12 members of
the SEP panel are:
1. Viswanathan Anand: Indian Chess grandmaster
2. T M Krishna – Musician, Author and Activist
3. L Jawaharnesan - Former Vice Chancellor of Saveetha University
4. R Ramanujam - Retired professor from the Institute of Mathematical Science
5. Sulthan Ismail - State planning commission member
6. R Sreenivasam - State planning commission member
7. Aruna Ratnam - Former education specialist with UNICEF
8. S Ramakrishan – Tamil Writer
9. Tulsidas - Educationist
10. S Madasamy - Educationist
11. R Balu - Headmaster of Government Panchayat Union Middle School, Kichankuppam
12. Jayashree Damodaran - Agaram Foundation
 Kapil Kathpal
Institute of Chartered Accountants of India has signed
MoU with the Directorate of School Education Kashmir
 Kapil Kathpal
Institute of Chartered Accountants of India has signed
MoU with the Directorate of School Education Kashmir

• The Institute of Chartered Accountants of India has signed an Memorandum of

Understanding with the Directorate of School Education, Kashmir for promoting
Commerce Education among students of the Union Territory of Jammu and
Kashmir for a period of five years.

• The MoU has been signed for promoting commerce education amongst
government and government-aided secondary and higher secondary school
students.

• Also the ICAI had announced a 75 percent course fee waiver for all levels of
Chartered Accountant courses for students from the Union Territories of Jammu
& Kashmir, Ladakh and for the North-Eastern States.
 Kapil Kathpal

About Institute of Chartered Accountants of India (ICAI)

• Debashis Mitra has been elected as the President of The Institute of Chartered
Accountants of India (ICAI) for the year 2022-23.

• 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”.

• President – CA Debashis Mitra

• Headquarters – New Delhi
 Kapil Kathpal
Karnataka to Set Up Exclusive Cooperative Bank for Dairy
Industry
 Kapil Kathpal
Karnataka to Set Up Exclusive Cooperative Bank for Dairy Industry

• The Chief Minister of Karnataka Basavaraj Bommai is planning to set up the

‘Nandini Ksheera Samridhi Sahakara Bank’, a India’s first dairy co-operative
bank to provide financial strength for milk producers of Karnataka.

• This special programme in the dairy industry intends to provide financial aid &
improve economic status to the Milk Producers Cooperatives

• This proposed cooperative bank will have a capital of Rs. 360 crores, with the
Karnataka state government contributing Rs. 100 crores and the Milk Federation
and Cooperatives contributing Rs. 260 crores to encourage economic activity in
the rural hinterland.

• In the state budget, the state government allocated Rs. 300 crores to restart the
“Yeshaswini” health insurance scheme for farmers and their families.
 Kapil Kathpal
Recent news related to Karnataka

• The government of Karnataka has launched India’s first AVGC Center of Excellence Animation,
Visual Effects, Gaming, and Comics in Mahadevapura, Bengaluru, Karnataka.

• The Basavaraj Bommai government announced the Vinaya Samarasya Yojana as a public
awareness campaign against caste prejudice in the state’s gramme panchayats.

• India’s First Digital Water Bank, ‘AQVERIUM’ has been launched in Bengaluru, Karnataka which
is an innovative initiative aimed at better water management.

• Karnataka Bank has bagged three awards at the 17th Annual Banking Technology Conference
and Awards: 2020-21 Next-Gen Banking, instituted by Indian Banks’ Association (IBA).

• Chief Minister – Basavaraj Bommai

• Governor – Thawar Chand Gehlot
 Kapil Kathpal
NTPC and GGL have agreed to combine Green Hydrogen
into piped Natural Gas
 Kapil Kathpal
NTPC and GGL have agreed to combine
Green Hydrogen into piped Natural Gas

• NTPC has taken the initiative to give the main focus on the
environment of blending green hydrogen in the Gujarat Gas Limited
Piped Natural Gas network at NTPC Kawas.

• Green hydrogen will be manufactured utilising power generated by

NTPC Kawas

• This will be mixed with PNG in a predetermined quantity and utilised

at NTPC Kawas Township

• The initial percentage of hydrogen mixing in the PNG will be roughly

5%
 Kapil Kathpal
Ministry of Ayush’s Yoga Mahotsav begins at the
Red Fort in Delhi
 Kapil Kathpal
Ministry of Ayush’s Yoga Mahotsav begins at the Red Fort in Delhi

• On World Health Day and the 75th day of the countdown to International Day of
Yoga, the Ministry of Ayush is hosting a magnificent programme for the
presentation of the Common Yoga Protocol in the backdrop of 15th August Park,
Lal Quila, (Red Fort) Delhi.

• The program’s Chief Guest is slated to be Lok Sabha Speaker Shri Om Birla.

• The Ministry, in collaboration with its numerous stakeholders, has devised a

100-day countdown programme for the 8th International Day of Yoga, in which
100 organisations promote yoga in 100 different locations/cities.

• The Ministry of Ayush is the nodal ministry for the International Day of Yoga’s
commemoration.
 Kapil Kathpal
Recent news related to Ministry of Aayush

• Union Ayush Minister, Sarbananda Sonowal has laid the foundation stone of the
Heartfulness International Yoga Academy in Hyderabad, Telangana. He also
launched 75 crores suryanamaskar initiative as part of the Azadi ka Amrit
Mahotsav”.

• The Union Cabinet, chaired by Prime Minister Narendra Modi has approved the
establishment of a World Health Organization Global Centre for Traditional
Medicine (WHO GCTM) at Jamnagar, Gujarat.
 Kapil Kathpal
Community museum is established in Leh villages of Gya –
Sasoma
 Kapil Kathpal

Community museum is established in Leh villages of Gya – Sasoma

• In Ladakh, a community museum opened in the Gya – Sasoma villages of the

Leh district to preserve and promote the region’s rich cultural history.

• Traditional utilitarian items, fabrics, clothing, and artefacts from Gya-everyday

Sasoma’s life are the main attractions of the Museum.

• Gya is thought to be Upper Ladakh’s earliest village and oldest settlement.

 Kapil Kathpal
Exhibition on India’s Freedom Struggle from 1757 to 1947
 Kapil Kathpal
Exhibition on India’s Freedom Struggle from 1757 to 1947

• An exhibition was organized showcasing India’s freedom struggle. This

exhibition was organized by the Indian Council of Historical Research under the
Ministry of Education.

• This exhibition was held in the Parliament Library.

• In association with the State Governments of the country, the Ministry of Culture
showcased this exhibition at 100 locations across India and also through the use
of digital platforms.

• This exhibition showcased the country’s freedom struggle from 1757 to 1947.

• This exhibition was held with the purpose of highlighting the stories of the
country’s unsung heroes that contributed to India’s freedom struggle.
 Kapil Kathpal
Government establishes a Semicon India advisory
committee
 Kapil Kathpal
Government establishes a Semicon India advisory committee
• The government announced the formation of a Semicon India advisory committee

• The Minister of Electronics and IT, Ashwini Vaishnaw, will head the Committee, with
Rajeev Chandrashekhar, Minister of State, Ministry of Electronics and IT as Vice-
Chairperson.

• The Union Cabinet recently approved the ‘Semicon India’ programme, which will spend
a total of 76,000 crore to strengthen the country’s semiconductor and display
manufacturing ecosystem.

• Within Digital India Corporation, a specialised and dedicated “India Semiconductor

Mission (ISM)” has been established to drive India’s ecosystem development strategies.
 Kapil Kathpal
President Ram Nath Kovind visits in Amsterdam and
names a new yellow tulip variety ‘Maitri’
 Kapil Kathpal
President Ram Nath Kovind visits in Amsterdam and
names a new yellow tulip variety ‘Maitri’
• President Ram Nath Kovind landed in Amsterdam for the final leg of his two-
nation journey — his first visit to the Netherlands in 34 years — during which he
would hold talks with the Dutch top leadership names a new yellow tulip variety
‘Maitri‘.

• His visit is significant since, in 2022, India and the Netherlands will
commemorate 75 years of diplomatic relations.
 Kapil Kathpal
Recent news related to Netherlands

• The world’s largest canal lock has been inaugurated at Ijmuiden, a small port
city, in the Port of Amsterdam, The Netherlands. The sea lock was inaugurated
by Dutch King Willen-Alexander.

• The 75th anniversary of the establishment of diplomatic relations between India

and the Netherlands is being commemorated this year. Sanjay Verma, Secretary
(West) in the Ministry of External Affairs, and Marten van den Berg, Ambassador
of the Kingdom of the Netherlands to India, launched a joint logo on March 2,
2022, to commemorate the occasion.

• Capital: Amsterdam
• Currency: Euro
• Prime minister: Mark Rutte.
 Kapil Kathpal
HAL and Israel Aerospace joins hand to turn civil aircraft
into mid-air refuellers
 Kapil Kathpal
HAL and Israel Aerospace joins hand to turn
civil aircraft into mid-air refuellers

• Hindustan Aeronautics signed a memorandum of understanding with

Israel Aerospace Industries to convert civil passenger aircraft to
“multi mission tanker transport” aircraft in India.

• Under the new MoU, HAL will convert pre-owned civil passenger
aircraft into air refuelling aircraft with cargo and transport capabilities.
 Kapil Kathpal
Ramdarash Mishra named for Saraswati Samman 2021
 Kapil Kathpal
Ramdarash Mishra named for Saraswati Samman 2021

• Noted poet and litterateur Prof Ramdarash Mishra will be awarded the
prestigious Saraswati Samman, 2021, for his collection of poems ‘Mein to Yahan
Hun’

• The recipient is chosen by a selection committee, whose current head is Dr

Subhash C Kashyap.

• Saraswati Samman Instituted in 1991 is one of the most prestigious literary

awards in the country.

• It is given every year to an outstanding literary work written in any Indian

language by an Indian citizen and published within the last 10 years.

• It carries a citation, a plaque, and a cash prize of Rs 15 lakhs.

 Kapil Kathpal
RBI approves re-appointment of Murli Natarajan as MD-
CEO of DCB Bank for two years
 Kapil Kathpal
RBI approves re-appointment of Murli Natarajan as MD-
CEO of DCB Bank for two years
• The Reserve Bank of India has approved an extension in the tenure of Murli M
Natarajan as the managing director and chief executive officer of DCB Bank for
a period of two years.

• Natrajan is serving as MD & CEO of the bank since April 2009.

• RBI has capped the tenure of bank chief executives at 15 years and Natrajan
will complete 15 years at the helm of the bank in 2024.

• Headquarters: Mumbai
 Kapil Kathpal
9th India – Kyrgyzstan Joint Special Forces Exercise
Concludes at Bakloh, Himachal Pradesh
 Kapil Kathpal
9th India – Kyrgyzstan Joint Special Forces
Exercise Concludes at Bakloh, Himachal Pradesh

• The 9th Edition of the India – Kyrgyzstan Joint Special Forces Exercise which
commenced at Special Forces Training School, Bakloh culminated

• Kyrgyzstan Capital: Bishkek

• Currency: Kyrgyzstani som
• President: Sadyr Japarov
 Kapil Kathpal
Hockey India Senior Men National Championship 2022
begins in Bhopal
 Kapil Kathpal
Hockey India Senior Men National
Championship 2022 begins in Bhopal
• The prestigious 12th Hockey India Senior Men National Championship 2022
began in Bhopal, Madhya Pradesh.

• The 12-day tournament will witness 28 teams

• In its previous edition, the tournament was won by Hockey Punjab after they
beat Uttar Pradesh Hockey
 Kapil Kathpal
Recent news related to Hockey

• India defeated China, 2-0 to win the bronze medal at the 2022 Women’s Hockey Asia Cup
tournament. The 2022 Women’s Hockey Asia Cup was the 10th edition of the quadrennial
Women’s Hockey Asia Cup.

• The women’s team from Ladakh has lifted the 9th National Women’s Ice Hockey Championship
in Himachal Pradesh. The championship was organised by the Ice Hockey Association of India at
Kaza area in the Lahaul-Spiti district of Himachal Pradesh.
 Kapil Kathpal
AUKUS: Collaboration on Hypersonic Weapons
 Kapil Kathpal
AUKUS: Collaboration on Hypersonic Weapons

• Australia, Britain, and the United States will begin collaborating on increasing
defence capacity and hypersonic missile strikes

• The trio announced their collaboration on hypersonic missiles as an expansion

of the recent defence alliance of AUKUS.

• Under this defence alliance, Australia will also be equipped with nuclear-
powered submarines

• A hypersonic missile is a type of weapon system that flies at the speed of Mach
5 and can be manoeuvred.
 Kapil Kathpal
Tesla CEO Elon Musk Acquires 9.2% Stake in Twitter
 Kapil Kathpal
Tesla CEO Elon Musk Acquires 9.2% Stake in Twitter

• According to the United States’ Securities and Exchange

Commission (SEC) Schedule, 13G filing, Elon Musk, Chief Executive
Officer of Tesla Inc., has purchased a 9.2% stake in Twitter Inc.

• This purchase has made Elon Musk the largest shareholder of

Twitter, with more than four times the 2.25% holding of Twitter
founder Jack Dorsey.

• The 9.2% stake amounts to nearly 73 million shares, worth around

USD 2.89 billion.
 Kapil Kathpal
Recent news related to Tesla

• The Forbes billionaires 2022 list is out. Elon Musk, the Tesla and SpaceX founder
topped Forbes’ list for the first time ever with a net worth of $219 billion. Elon
Musk is leading the Forbes billionaires list with a net worth of $219 billion,
followed by Amazon chief Jeff Bezos at $171 billion.

• SpaceX and Tesla founder Elon Musk has bagged the top position on the 2022
M3M Hurun Global Rich List, with a total net worth of $205 billion.

• CEO– Parag Agrawal

• Founded in 2006
• Headquarters– San Francisco, California, United States of America
 Kapil Kathpal
La’eeb unveiled as official mascot for FIFA World Cup Qatar
2022
 Kapil Kathpal
La’eeb unveiled as official mascot for FIFA World Cup Qatar 2022

• Fédération Internationale de Football Association (FIFA) has unveiled

La’eeb as the official mascot for the FIFA World Cup Qatar 2022

• ”La’eeb” – a super skilled player (in Arabic), is playful, adventurous

and curious. Also La’eeb encourages everyone to believe in
themselves as ‘Now is All’.

• According to FIFA and the Tournament organising body, The

Supreme Committee for Delivery and Legacy, the mascot represents
donning the flowing Qatari National dress and trying to stop the
football in air.
 Kapil Kathpal
World Health Day 2022 - 7th April
 Kapil Kathpal
World Health Day 2022 - 7th April
• World Health Day is a global health awareness day celebrated on the 7th April
every year.

• The theme for World Health Day 2022 is ‘Our Planet, Our Health’.

• This year’s theme aims to direct global attention toward the well-being of our
planet and the humans living in it.

• The World Health Organization (WHO) convened the first World Health
Assembly in 1948, which called for the establishment of a “World Health Day.”

• The first World Health Day was held on April 7, 1950, and it has been observed
on that date every year thereafter.
 Kapil Kathpal
Recent news related to World Health Organization
• World Health Organization South-East Asia Region 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 Union Cabinet, chaired by Prime Minister Narendra Modi has approved the
establishment of a World Health Organization Global Centre for Traditional
Medicine (WHO GCTM) at Jamnagar, Gujarat.

• Headquarters: Geneva, Switzerland

• Director-General: Tedros Adhanom
 Kapil Kathpal
International Day of Reflection on the 1994 Genocide in
Rwanda-7th April
International Day of Reflection on the 1994 Genocide in Rwanda-7th April

• International Day of Reflection on the 1994 Genocide against the Tutsi in

Rwanda is commemorated by UNESCO on April 07

• 2022 marks the 28th anniversary of the genocide against the Tutsi in Rwanda,
one of the darkest chapters in human history.

• The day was established by the United Nations General Assembly in 2003.

• The day commemorates the beginning of the genocide perpetrated against

members of the Tutsi minority by the Hutu extremist-led government.

• Within just over 100 days, more than 1 million Tutsi were systematically
murdered.
 Kapil Kathpal
Recent news related to UNESCO

• ‘Jingkieng Jri or Living Root Bridge’, found in over 70 villages in Meghalaya highlighting the
socio-cultural, social and botanical links between people and nature, has been included in the
tentative list of World Heritage Sites of the United Nations Educational, Scientific and Cultural
Organisation (UNESCO).

• Headquarters: Paris, France

• Director-General: Audrey Azoulay
• Members: 193 countries
 Kapil Kathpal
GoI had collected an all-time high of Rs 1.42 lakh crores
as GST
 Kapil Kathpal
GoI had collected an all-time high of
Rs 1.42 lakh crores as GST

• The Goods and Services Tax (GST) collection totaled Rs 1,42,095 crore,
breaking the previous high of Rs 1,40,986 crore set in January 2022.

• The March 2022 revenues are 15% greater than the same month last year and
46% higher than the March 2020 revenues.

• In the month of March 2022, the gross GST revenue collected was Rs 1,42,095
crore, with Central GST at Rs 25,830 crore, state GST at Rs 32,378 crore,
integrated GST at Rs 74,470 crore, including Rs 39,131 crore collected on
imports of goods, and cess at Rs 9,417 crore, including Rs 981 crore collected
on imports of goods.
 Kapil Kathpal
UBI sells 21% stake in IFLIC to BoB
 Kapil Kathpal
UBI sells 21% stake in IFLIC to BoB

• Bank of Baroda will acquire Union Bank of India’s 21% stake in IndiaFirst Life Insurance
Company.

• It is a joint venture between the Bank of Baroda, Union Bank of India, and Carmel Point
Investments.

• At present, the shareholding in IFIC is BoB holds 44%, Carmel Point Investments India
holds 26% and UBI holds 30%.

• IndiaFirst Life Insurance Company will continue to have a long term agency distribution
agreements with both banks (BOB and UBI)

• Managing Director & CEO: Sanjiv Chadha

• Headquarters: Vadodara, Gujarat
• Tagline: India’s International Bank
 Kapil Kathpal
SEBI introduced a new document namely Demat Debit
and Pledge Instruction
 Kapil Kathpal
SEBI introduced a new document namely
Demat Debit and Pledge Instruction
• The Securities and Exchange Board of India has introduced a new document
namely Demat Debit and Pledge Instruction which will come into effect from July
1, 2022.

• DDPI will replace Power of Attorney for the purpose of pledging and repledging
of stocks for margin purpose.

• It will be registered in the client demat account.

 Kapil Kathpal
SEBI introduced a new document namely
Demat Debit and Pledge Instruction
Its use will be limited only for two purposes viz.
• Firstly, for the transfer of securities held in the Beneficial Owner Account (BOA)
of the client towards stock exchange related deliveries or settlement
obligations arising out of trades executed by such a client.

• Secondly, for pledging/re-pledging of securities in favour of the broker to meet

margin calls.
 Kapil Kathpal
Recent news related to SEBI

• SEBI gave final approval to the BSE Limited (Formerly Bombay Stock
Exchange) for trading in electronic gold receipts (EGR), a form of shares in
demat accounts, that paves way for spot bullion exchange.

• SEBI restructured its 8-member advisory committee on Investor Protection and

Education Fund (IPEF), under the Chairmanship of Gurumoorthy Mahalingam.

• Establishment – 12th April 1992 (In accordance with SEBI Act 1992)
• Headquarters – Mumbai, Maharashtra
• Chairperson – Madhabi Puri Buch
 Kapil Kathpal
SEBI bans NFOs by Mutual Fund industry by 3 months
 Kapil Kathpal
SEBI bans NFOs by Mutual Fund industry by 3 months

• SEBI bars the launch of new fund offer (NFO) or launching of fresh schemes by
mutual funds until the MF industry complies with SEBI’s new rules.

• The deadline for meeting the norms is extended by 3 months to July 1, 2022
from April 1, 2022.

• This is first of its kind ban on launch of new fund offer by mutual funds.

• SEBI also directed the MF industry to implement a two-factor authentication for

redemption and verification of source accounts when MF investments are made.
 Kapil Kathpal
Payments Canada & TCS to Implement Real-Time-Rail
Payment System
 Kapil Kathpal
Payments Canada & TCS to Implement Real-
Time-Rail Payment System
• Tata Consultancy Services has formed a strategic relationship with Payments Canada, Canada’s
largest payment organization, to transform its payment system operations and assist with the
implementation of Real Time Rail

• RTR is a revolutionary real-time payments system that will allow Canadians to send and receive
irrevocable cash in seconds, 24 hours a day, 7 days a week, 365 days of a year.
 Kapil Kathpal
Recent news related to TCS
• The Ministry of External Affairs (MEA) has signed an agreement with Tata Consultancy Services
Limited (TCS) for the second phase of the Passport Seva Programme (PSP-V2.0). TCS will be
the service provider for the Passport Seva Project, which it has been for over 10 years.

• The board of IT major, Tata Consultancy Services (TCS) has announced the re-appointment of
Rajesh Gopinathan as the Managing Director (MD) and Chief Executive Officer (CEO) of the
company for five years.

• The Indian Institute of Technology Madras has teamed up with Tata Consultancy Services (TCS)
to offer a web-based, user-friendly programme on “Industrial AI,” aimed at upskilling employees
and incorporating AI applications to industrial concerns.

• TCS has partnered with Canada Running Series (CRS) to become the new title sponsor and
official technology consulting partner of the Toronto Waterfront Marathon and Virtual Race through
November 2026.
 Kapil Kathpal
Union Bank launches super-app UnionNXT and digital
transformation project SMBHAV
 Kapil Kathpal
Union Bank launches super-app UnionNXT
and digital transformation project SMBHAV
• Union Bank of India has launched its super-app named UnionNXT and digital transformation
project SAMBHAV, with an investment outlay of around Rs 1,000 crore for the current financial
year 2022-23

• A banking super-app essentially combines a number of services, such as payments, online

shopping, bill payments, recharges, investment, loans, and fund transfer, on a single platform.
 Kapil Kathpal
Recent news related to Union Bank of India

• Vedanta Ltd has tied up a facility of Rs 8,000 crores (replacement facility) with Union Bank of
India at 7.75% to take over the majority of the syndicated facility after discussions with lenders.

• Ambit Finvest has announced the signing of a co-lending agreement with Union Bank of India
(UBI) for financing to Micro, Small and Medium Enterprise (MSME) customers. Ambit Finvest is
the Ambit Group’s non-deposit-taking Non-Banking Financial Company (NBFC).

• Bank of Baroda will acquire Union Bank of India’s 21% stake in IndiaFirst Life Insurance
Company. It is a joint venture between the Bank of Baroda, Union Bank of India, and Carmel
Point Investments. At present, the shareholding in IFIC is BoB holds 44%, Carmel Point
Investments India holds 26% and UBI holds 30%.

• Headquarters: Mumbai
• CEO: Rajkiran Rai G.
 Kapil Kathpal

A village in which district in India is in the news for

unusual reasons after remnants of a disintegrated
Chinese rocket landed there, which is set to be
investigated by the ISRO?
a) Narayanpur, Chhattisgarh
b) East Godavari, AP
c) Banswara, Rajasthan
d) Chandrapur, Maharashtra

The India Space Research Organisation (ISRO) will send

a team of its experts to Pawanpur village, in the
Chandrapur district of Maharashtra to investigate what is
believed to be remnants of a disintegrated Chinese
rocket.
 Kapil Kathpal

Germany has shut down which Russian illegal

darknet marketplace and seized bitcoins worth €23
million
a) Silk Road
b) Babylon
c) Carbon
d) Hydra

Founded in 2015, Hydra sold illegal drugs, stolen

credit card data, counterfeit currency and fake identity
documents, masking the identities of those involved
using the Tor encryption network
 Kapil Kathpal

The Indian Institutes of Technology, Indian Institutes of Information Technology, National

Institutes of Technology, Indian Institutes of Management are some of the leading
institutions that come under what category under the Ministry of Education?
a) Deemed Universities
b) Elite Institutions
c) Institutes of National Importance
d) Public-Private Institutes of Technology and Management

The institutions of national importance (INIs), i.e., the Indian Institutes of Technology, the Indian
Institutes of Information Technology, the National Institutes of Technology, and the Indian Institutes
of Management, already admit students on the basis of a single common entrance examination,
either exclusively or in combination of past academic records