Weekly BeePedia

23rd February to 28th February 2022

INDEX

Finance and Banking ______________________________________________2

Economy _________________________________________________________
4

National __________________________________________________________
6

International _____________________________________________________
10

States____________________________________________________________11

Reports and Indexes _______________________________________________

11

Agriculture and Rural Development __________________________________

12

Defence __________________________________________________________
12

Events ___________________________________________________________
14

Appointments ____________________________________________________14
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Awards and Rewards ______________________________________________15

Important Days ___________________________________________________16

Obituaries_________________________________________________________
17

Books ___________________________________________________________18

Sports ___________________________________________________________
18

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23rd February to 28th February 2022

FINANCE AND BANKING

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RBI asks NBFCs to implement core financial services solution by September 2025

 RBI recently asked certain class of Non-Banking Financial Companies (NBFC) to mandatorily
implement ‘Core Financial Services Solution (CFSS)’ by September 30, 2025 in order to provide
seamless customer interface as well as have a centralised data base.
 CFSS is akin to the Core Banking Solution (CBS) adopted by banks.
Learn Along
RBI Headquarters: Mumbai Governor: Shaktikanta Das
4 Deputy Governors: T. Rabi Sankar,
MK Jain, MD Patra, M Rajeshwar Rao

Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged
in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by
Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit
business

RBI proposes to assess impact of its financial literacy campaigns; invites request for proposal

 RBI has proposed to assess the impact of the multi-media awareness campaigns launched by it to
promote financial literacy and also safe banking practices.
 The RBI runs the ‘RBI Kehta Hai’ campaign to educate and empower the public about banking
regulations, and also to make them aware of good and safe banking practices.
 It was a multi-media multi-lingual campaign using SMSes, print, television channels, radio, hoardings,
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websites and social media.

 Inviting the request for proposal (RFP) from certain shortlisted entities, the RBI said they would be
required to undertake outcome and impact assessment of its multilingual, pan-India public awareness
campaigns.
 The RBI campaigns are in 14 languages — Assamese, Bengali, English, Gujarati, Hindi, Kannada,
Malayalam, Marathi, Odia, Punjabi, Sindhi, Tamil, Telugu and Urdu with more focus on regional
languages.

RBI announces dollar/rupee two-year sell buy swap auction

 RBI recently announced a US Dollar/Rupee two-year sell-buy swap auction with a view to elongating
the maturity profile of its forward book and smoothening the receivables relating to forwarding assets.
 It will undertake a sell/buy swap auction of $5 billion, which will enable access to a wider set of market
participants.
 RBI will conduct a spot sale to sell USD 5 billion to banks in exchange of rupees, through this auction
on March 10, 2022.
 On March 11, 2024, it will make a forward purchase from banks in two years.
 The forward purchase will help in reducing RBI’s current foreign exchange reserves and increase its
two-year forward USD purchases.
Learn Along
Under the swap, a bank would sell US dollars to the RBI. It will simultaneously agree to buy the same amount of
US dollars at the end of the swap period. The swap transaction is materially different from OMOs (open market
operations). OMOs refer to a central bank's buying and selling of government securities in the 'open market'. On
the other hand, in swap transaction, only authorised dealers, mainly banks, will be allowed to deposit US dollars in
exchange for rupees.

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23rd February to 28th February 2022

RBI cautions the public against using carpooling app sRide

 RBI recently cautioned the public against carpooling app sRide.

 The caution against sRide App, stating that this firm was operating a semi-closed pre-paid instrument,
without receiving authorization from the central bank, under Payment and Settlement Systems Act,
2007.

SEBI extends deadline to implement swing pricing mechanism for MFs

 SEBI recently extended the deadline to May 1 for implementation of swing pricing mechanism, for
mutual fund schemes, aimed at discouraging large investors from sudden redemptions.
 The new framework, aimed at ensuring fairness in treatment of entering, exiting and existing investors in
mutual fund schemes, particularly during market dislocation, was to be applicable from March 1.
 Based on the request received from Amfi, it has been decided to extend the implementation date of the
provisions of swing pricing mechanism to May 1, 2022.
Learn Along
SEBI Headquarters: Mumbai Chairman: Ajay Tyagi

SEBI notifies amendment to depositories, participants norms

 SEBI has notified amendments to the depositories and participants norms, hiking the net worth
requirement for trading members.
 As per the revised norms, stock brokers are required to have a net worth of Rs 3 crore, within one year
of the date of notification.
 This net worth shall be increased to Rs 5 crore within two years of the date of notification.
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 It also provides that a self-clearing member fulfilling the net worth requirements as provided under the
Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, will also be eligible to
register as a depository participant.

Paytm Payments Bank becomes official acquiring partner for e-RUPI vouchers

 Paytm Payments Bank Limited recently declared that it is an official acquiring partner for ‘e-RUPI
vouchers.’
 e-RUPI is a government initiative and a cashless prepaid voucher that beneficiaries can present via
SMS or QR Code.
 Paytm’s merchant partners can then scan, enter the amount to be paid and receive the payment directly
in their bank account. This will benefit beneficiaries (users), even those who do not have access to
formal banking services or smartphones to avail the convenience of digital payments.
Learn Along
Paytm Payments Bank Headquarters: Noida, UP MD & CEO: Satish Kumar Gupta
Limited

Schemes/Facilities launched by various banks/private financial companies

Company Name Scheme/Facilities/Initiatives launched Learn Along

Kerala Startup Tie-up- to enable start-ups in the State to join a wider global About Google
Mission (KSUM) & network that provides mentorship and training. Headquarters:
Google California, United States
CEO: Sundar Pichai

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Company Name Scheme/Facilities/Initiatives launched Learn Along

About Mastercard
Mastercard & SBI Headquarters: New
Tie-up- to boost digital payments infrastructure
Payments York, US
Chairman: Michael
Miebach

World Economic About World

Forum (WEF) and Economic Forum
MoU- to collaborate on a jointly designed ‘Sustainable Cities
the National Headquarters: Geneva,
India program’.
Institute of Urban Switzerland
Affairs (NIUA) Chairman: Klaus
Schwab

Standard About Standard

Chartered & Chartered
Tie up- to launch a payment platform for the airline industry in
International Air Headquarters: London,
India.
Transport UK
Association (IATA) CEO: Bill winters

About Union Bank of

Union Bank & India
Union MSMERuPay Credit Card- It is a first of its kind initiative
NPCI Headquarters: Mumbai
in the industry, to provide simplified and digital delivery of
CEO: Rajkiran Rai G
Finance to Micro, Small & Medium Enterprises (MSMEs), to
meet their business-related operational expenses. About NPCI
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Headquarters: Mumbai
CEO: Dilip Asbe

Tata Power & About Tata Power

Germany-based MoU- to explore the potential for joint development of offshore Headquarters: Mumbai
RWE Renewable wind projects in India. CEO: Praveer Sinha
GmbH
SEA-ME-WE-6- Bharti Airtel Ltd has announced that it has About Bharti Airtel
Bharti Airtel Ltd joined South East Asia–Middle East–Western Europe 6 (SEA- Headquarters: New
ME-WE-6) undersea cable consortium, in a bid to scale up its Delhi
high-speed global network capacity and serve India’s fast- Founder: Sunil Bharti
growing digital economy. Mitta

ECONOMY
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India and France sign Roadmap on Blue Economy

 India and France have signed an agreement to enhance their bilateral exchanges on the blue economy
and ocean governance.
 The agreement on ‘Roadmap on Blue Economy and Ocean Governance’ was signed between
India’s External Affairs Minister Dr. S Jaishankar’s and his French counterpart Jean-Yves Le Drian.
 It will help to explore the potential for collaboration in marine science research for a better understanding
of oceans and ensure that the ocean remains a global common, a space of freedom and trade, based
on the rule of law.

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23rd February to 28th February 2022

India Ratings decrease GDP growth at 8.6% for FY22

 India Ratings has revised downwards its GDP growth forecast for 2021-22 to 8.6 per cent from the
consensus 9.2 per cent projected earlier.

Moody’s revised India’s growth estimates to 9.5% in CY2022

 Moody’s has revised India’s economic growth estimates in the Current Year 2022 upwards to 9.5 per
cent from 7 per cent on stronger than expected recovery after a lockdown in 2020 and Covid-19’s Delta
wave in 2021. It maintained a forecast for 5.5 per cent growth in CY2023.

IBM unveiled new Cybersecurity Hub in Bengaluru to address cyberattack

 IBM has launched a cybersecurity hub in Bengaluru to address the concerns of its clients across the
Asia Pacific (APAC) region.
 The IBM Security Command Center will be located at the IBM office in Bengaluru in Karnataka. It is
the first of its kind facility in the region.
 This cybersecurity hub will deliver training in cybersecurity response techniques, to organisations of all
types, through highly realistic, simulated cyberattacks, to prepare everyone, ranging from C-Suite to
technical staff.
Learn Along
IBM Headquarters: New York, US CEO: Arvind Krishna

SPMCIL Delhi headquarters declared a prohibited place

 Home Ministry has declared Delhi headquarters of Security Printing and Minting Corporation of
India Ltd. (SPMCIL) as a ‘prohibited place’ under Section 2 of the Official Secrets Act, 1923.
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 This prevents the entry of unauthorized persons into it. It is the only currency and banknotes
manufacturer of India, that printed new series of notes of denomination Rs 2,000 and Rs 500 in 2016.
Learn Along
SPMCIL, a Government of India owned Miniratna company, is engaged in the manufacture/production of Currency
and Bank Notes, Security Paper, Non-Judicial Stamp Papers, Postal Stamps, Passport, Visa, Cheques, Bond,
Warrant, Special Certificates with security features, Security Inks, Circulation & Commemorative Coins, Medallions,
Refining of Gold & Silver, and Assay of Precious Metals among others.
SPMCIL Chairman and Managing Director: Tripti Patra Ghosh

Bharti Airtel to acquire 4.7% stake of Vodafone in Indus Towers

 Bharti Airtel will acquire an additional 4.7 per cent stake in Indus Towers from Vodafone Group.
 The two companies signed an agreement on the condition that Vodafone will use the proceeds to invest
in Vodafone Idea (Vi) and the latter will clear its pending dues with Indus Towers.

ASCI releases guidelines for crypto ads: Disclaimer and advertiser details must

 The Advertising Standards Council of India (ASCI) has released new guidelines for advertisers
publishing ads about virtual digital assets (VDA) including cryptocurrencies and non-fungible tokens
(NFTs).
 The guidelines will be applicable to all advertisements released or published after 1 April 2022.
 Earlier advertisements shouldn’t appear in the public domain after 15 April 2022 unless they comply with
the new guidelines.
 In accordance with the new guidelines, all advertisements for VDA products, VDA exchanges or
featuring VDAs should carry a disclaimer that says, “Crypto products and NFTs are unregulated and can
be highly risky. There may be no regulatory recourse for any loss from such transactions”.

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23rd February to 28th February 2022

Ahead of mega IPO, Cabinet gives nod to 20% FDI limit in LIC

 Ahead of the mega initial public offer of the Life Insurance Corporation in mid-March, the Union
Cabinet recently approved a 20% foreign direct investment limit under automatic route in LIC, an
enabling provision aimed at attracting long-term foreign investors to the issue.
 According to the amendment to the LIC Act through the Finance Act 2021, the government could
dilute only a 25% stake in the insurer in the first five years and the government equity won’t fall below
51% at any point in time. So, 49% public float in LIC is a long way to go as well as full utilisation of the
FDI limit.
Learn Along
LIC Headquarters: Mumbai Chairperson– M R Kumar

NATIONAL
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India to set up first IIT abroad in UAE under newly inked trade deal

 The government of India will be setting up an Indian Institute of Technology (IIT) in the United Arab
Emirates (UAE) as a part of the India-UAE trade deal.
 This will be the first time an IIT would be established outside of the country.
 India currently has 23 IITs, which are considered to be premiere institutes and offer a range of degrees
starting from B.Tech to doctoral programmes.
 Union Minister of Commerce and Industry Piyush Goyal held a bilateral meeting and signed the
Comprehensive Economic Partnership Agreement with the UAE delegation led by Minister of Economy,
Abdulla bin Touq Al Marri & Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi.
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 The deal highlighted that the two nations will also set up an India–UAE cultural council to facilitate
and promote cultural projects, cross-cultural exchanges, exhibitions, among others.
 Both India and the UAE have also agreed to support each other’s clean energy missions and set up a
joint hydrogen task force to scale up technologies, primarily that of producing green hydrogen.

PM CARES For Children Scheme Extended Up To 28 February

 The Ministry of Women and Child Development said that the centre has extended the PM Cares for
Children Scheme till 28 February 2022, amid the ongoing Coronavirus pandemic.
 Earlier the scheme was valid till 31 December 2021.
 All eligible children can now be enrolled till 28 February 2022 to avail of benefits of the PM CARES for
children scheme.
 The scheme covers all children who have lost: i) Both parents or ii) Surviving parent or iii) legal
guardian/adoptive parents/single adoptive parent due to COVID 19 pandemic, starting from March 11,
2020, the date on which WHO has declared and characterized COVID-19 as pandemic till February 28,
2022.

IIT Roorkee launches KISAN mobile to send agricultural advises

 IIT Roorkee organised a regional farmers’ awareness program under Gramin Krishi Mausam Sewa
(GKMS) project and in continuation of the series of ‘Azadi ka Amrit Mahotsav’. Farmers from Haridwar,
Dehradun, and Pauri Garhwal districts participated in the program.
 Farmers and other stakeholders were sensitized about the Agromet Advisory Services jointly provided
by the AMFU Roorkee and India Meteorological Department (IMD).

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 A mobile App 'KISAN' has been launched for easy access to these services for farmers on their
mobile phones. Farmers can now easily access these bulletins on their mobile phones through the app.
 The special feature of the 'KISAN' App is that the weather forecast and advisory bulletin will be
displayed only for the block selected by the farmer.
 The App is bilingual and users can select either Hindi or English at their convenience.

Ombudsperson App for Mahatma Gandhi NREGA launched

 Union Minister for Rural Development and Panchayati Raj Giriraj Singh launched Ombudsperson App
for Mahatma Gandhi NREGA.
 Ombudsperson App is a step towards e-governance, this will be helpful in ensuring transparency and
accountability.
 Ministry of Rural Development has developed an Ombudsperson App for smooth reporting and
categorization of grievances by Ombudsperson based on complaints he received from various sources
viz. physical, digital and mass media, related to the implementation of the Mahatma Gandhi NREG
Scheme in the States/UTs.
 At present, the reporting of complaints, passing awards and disposal of complaints are in physical form.
For the smooth reporting of complaints, passing awards and quick disposal of complaints
Ombudsperson App is developed. This will strengthen Ombudsperson in the discharge of her/his duty in
a hassle-free manner.
 The app will enable easy tracking and timely passing of awards by Ombudsperson on each case as per
the guidelines. Ombudsperson can also easily upload the quarterly and annual reports on the website
through the app.

Signature tune of ‘Vande Bharatam’ released www.i xamBee.c om

 In a celebration under Azadi ka Amrit Mahotsav, the event on International Mother Language Day
named "Ekam Bharatam" along with a cultural evening was hosted by the Ministry of Culture at IGNCA,
Delhi.
 The signature tune for "Vande Bharatam" composed by Grammy Award winner Ricky Kej and Oscar
contender Bickram Ghosh was released by Minister of State for Culture & External Affairs Meenakashi
Lekhi.
 The ‘Vande Bharatam’ song was produced for Vande Bharatam, Nritya Utsav of Ministry of Culture
presented at Rajpath, New Delhi for the national Republic Day event 2022.
 The Ministry of Defence handed over the special trophy to Ministry of Culture in recognition of its
exemplary efforts during the Republic day Event 2022.

MSME Technology Centre to be set up in Sindhudurg

 Union Minister for Micro, Small & Medium Enterprises (MSME), Narayan Rane announced the
establishment of MSME-Technology Centre with an outlay of Rs. 200 Crore, in Sindhudurg.
 The MSME-Technology Centre will provide the best of technology, incubation as well as advisory
support to the industry, especially MSMEs, to enhance their competitiveness and provide skilling
services for the employed and unemployed youth of the area to enhance their employability.

MSME Minister inaugurates KONBAC-SFURTI Bamboo Cluster at Kudal

 The MSME Minister Narayan Rane inaugurated the KONBAC SFURTI (Konkan Bamboo and Cane
Development Centre - Scheme of Fund for Regeneration of Traditional Industries) bamboo
cluster at Kudal.

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 The cluster will support 300 artisans. Ministry of MSME has released Rs 1.45 crore for setting up of the
cluster.
 KONBAC SFURTI cluster has been organized to attract people to the bamboo business.

About KONBAC: KONBAC is an independent non-profit organization which has developed into a self-
sustaining institutional ecosystem and has a fully developed facility for designing, prototyping and
producing premium bamboo products for Indian and international markets. It has in place mechanisms to
link poor bamboo producers to larger lucrative markets and has already emerged as a model that is being
emulated elsewhere in India and overseas.

Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is an initiative by Ministry of MSME to
promote Cluster development. Khadi and Village Industries Commission (KVIC) is the nodal Agency for
promotion of Cluster development for Khadi. The scheme organizes traditional industries and artisans into
clusters to make them competitive and provide support for their long term sustainability. It also aims to
provide sustained employment for traditional Industry artisans and rural entrepreneurs.

Ministry of Education launches Bhasha Certifiate Selfie campaign

 Ministry of Education launched a campaign ‘Bhasha Certificate Selfie to encourage cultural

diversity and promote mulitlinguism and to foster the spirit of Ek Bharat Shreshtha Bharat.
 Bhasha Certificate Selfie initiative aims to promote Bhasha Sangam mobile app, developed by Ministry
of Education and MyGov India.
 Using the app, people can learn 100+ sentences of daily use in as many as 22 scheduled Indian
languages.
 The initiative, under the aegis of Ek Bharat Shreshtha Bharat will aim to ensure that people acquire
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basic conversational skills in Indian languages. To achieve this, a target of 75 lakh people acquiring
basic conversational skills has been set.
 The ‘Bhasha Certificate Selfie’ initiative is encouraging people to upload their selfie with the certificate
from their social media accounts using the hashtag #BhashaCertificateSelfie.
 To receive a certificate authorized by Ministry of Education, a user needs to download the mobile app,
available in both Android and iOS versions, select any language from 22 scheduled Indian languages,
finish all the levels, give a test and earn a certificate.

Centre sets up high level task force to study impact of sanctions against Russia

 The Centre has constituted a high-level inter-ministerial task force of senior officials to look at
possible implications on India of the fresh economic sanctions announced against Russia by the
US, the EU, and others.
 The task force may also put in place a strategy to deal with it.
 The taskforce comprises Secretaries and other senior officials from across Ministries and Departments
such as External Affairs, Defence, Finance, Home, Commerce & Industry and Petroleum and Natural
Gas.
 Russia is India’s 26th largest trade partner, with exports in 2020-21 valued at $ 2.6 billion and imports at
$ 5.4 billion.

BSES commissions India's 1st smart managed EV charging station in Delhi

 BSES Yamuna Power Limited (BYPL), a subsidiary of Reliance Infrastructure-backed BSES has
commissioned India’s first ‘Smart Managed EV Charging Station’ in Delhi.

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 Supported by Nordic Innovation, an organisation promoted by the governments of Nordic countries, and
executed by Fortum Charge & Drive, it will be the first BYPL operated and managed Smart EV
Charging Station.
 This smart managed EV charging station, which can charge five EVs simultaneously, is located at
BYPL’s 11 kV Sub Station building in Mayur Vihar Extension Phase-1.
 Unlike conventional EV charging stations, this ‘smart managed EV charging station’ can be integrated
with BYPL’s SCADA system -- which acts as the nerve system of the discom -- and can be managed
remotely.
 It is also Demand Response (DR) compatible, which is an important demand side management (DSM)
tool for utilities the world-over to flatten the load curve and ‘peak shaving’ of the electricity load during
certain times.

100 Districts In The Country Become ‘Har Ghar Jal’ Under Jal Jeevan Mission

 Jal Jeevan Mission achieved milestone of providing tap water to every home of 100 districts in the
country.
 Chamba, an Aspirational District of Himachal Pradesh has become the 100th ‘Har Ghar Jal’ District.
 Chamba is the fifth aspirational district to become ‘Har Ghar Jal’. Other four Har Ghar Jal Aspirational
districts are: Bhadradri Kothgudem, Jayashankar Bhupalpalli, Komram Bheem Asifabad (all in
Telangana) and Mewat in Haryana.
 To translate Prime Minister Narendra Modi’s vision of providing clean tap water to every home in the
country by 2024, in a short span of two and half years and despite COVID-19 pandemic and lockdown
disruptions, Jal Jeevan Mission, has provided tap water supply to more than 5.78 Crore rural
households. As a result, today 100 districts in the country are enjoying benefits of clean tap water supply
and Jal Jeevan Mission is on track to fulfill the Government’s resolve to provide tap water supply to
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every rural household by 2024.

Union Minister Giriraj Singh releases Rural Connectivity GIS Data in Public Domain

 Union Minister for Rural Development and Panchayati Raj Giriraj Singh released Rural
Connectivity GIS Data in Public Domain.
 This includes GIS data for 800,000+ rural facilities as points, 1 Million+ habitations and 25,00,000+ km
of rural roads which have been collected and digitised using the GIS platform developed for the PMGSY
scheme.
 NRIDA, the nodal implementation agency of the PMGSY scheme signed MoU with 3 renowned GIS
Firms ESRI India, MapmyIndia, DataMeet & collaborated with Gati Shakti for releasing the Rural
Connectivity GIS Data in Public Domain.
 The data is released under Government of India’s Open Data License and is available free of cost for
public consumption.
 The rural infrastructure GIS data will help in bridging the gap between urban and rural India and
transform India into Atmanirbhar Bharat.

Jio’s new India-Asia-Xpress undersea internet cable to connect India and Maldives

 Reliance Jio announced that it will be landing a multi-terabit India-Asia-Xpress (IAX) undersea cable
system in Hulhumale, Maldives to directly connect the country to major internet hubs in India and
Singapore.
 The IAX system originates in Mumbai, connects directly with Singapore, and has additional landings in
India, Malaysia, and Thailand.

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 Jio’s India-Europe-Xpress (IEX) system connects Mumbai to Milan with a landing point in Savona, Italy
and additional landing points in the Middle East, North Africa and the Mediterranean. Jio plans for IAX to
be ready by the end of 2023 and IEX to be ready in mid-2024.
 High-capacity and high-speed systems like IEX and IAX are expected to provide more than 200 tbps of
capacity at speeds of over 100 Gbps over a range of 16,000 km. It will employ open system technology
and is designed to ensure enable rapid deployment of upgrades and have the flexibility for network
bandwidth.

INTERNATIONAL
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Rafael’s ‘C-Dome’ Completes 1st Interceptions From Israeli Navy’s Sa’ar 6 Corvettes

 The Israel Missile Defence Organization (IMDO), in the Directorate for Defence R&D of the Israel
Ministry of Defence, the IDF and Rafael Advanced Defense Systems have completed a successful
series of live-fire tests of the ‘C-Dome’ system – an advanced naval configuration of the Iron Dome
defence system.
 The ‘C-Dome’ was operated for the first time aboard the Israeli Naval Ship (INS) Sa’ar 6 ‘Magen’
corvette against multiple advanced threats.
 The test campaign consisted of a number of scenarios simulating advanced threats, including rockets,
cruise missiles and UAVs. The ‘C-Dome’ is capable of successfully intercepting such threats.
 The ‘C-Dome’ onboard missile defence system is based on the Iron Dome defence system developed
by Rafael, with the command-and-control system developed by mPrest. ‘C-Dome’ interfaces with the
Saar 6’s ‘Adir’ radar, developed by IAI’s ELTA division.
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 Development of ‘C-Dome’ was led by the IMDO in Israel’s Ministry of Defense.

Learn Along
About Israel Capital: Jerusalem Currency: Israeli Shekel

Russia Declares War On Ukraine

 Russia has sparked one of the biggest security crises in Europe since World War II by invading
Ukraine, with barrages of missiles and artillery accompanying troops as they entered the country from
multiple directions.
 Russian President Vlamidir Putin has signed the presidential decree recognising the independence of
separatist regions of Donetsk and Luhansk in eastern Ukraine.

Why does Russia want Ukraine: Putin, a former KGB agent who was stationed in East Germany, has
said he regrets the Soviet Union's demise and made clear that he does not accept Europe's post-Cold War
security architecture. He has offered a litany of complaints about the security risks to Russia of further
NATO expansion and made the case that Ukraine was completely created out of land from the former
Russian empire during the Soviet Union's formation. The implication was that he sees himself as on a
historical mission to undo wrongs inflicted by Lenin's Bolsheviks.
Ahead of the offensive, Putin declared in a nationally televised address that action was necessary after the
U.S. and its allies crossed Russia's red lines by expanding NATO. The Russian leader says the goal of the
operation was the demilitarization of Ukraine.

About NATO: NATO was founded in 1949 to protect Europe against Soviet attack during the Cold War and
has come to symbolize the transatlantic alliance based on shared values. The pledge of collective defense,

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spelled out in Article 5 of the NATO treaty, established that an attack against one NATO member is
considered an attack against all of them, increasing the risks for any potential aggressor.
However, that does not apply to non-member Ukraine. NATO describes itself as a defensive alliance that
poses no threat to Russia.

Learn Along
About Russia Capital: Moscow Currency: Russian ruble

STATES
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Assam first state to launch mobile app for navigation on rivers at night

 The first night navigation mobile application in rivers in the country was launched in Assam for
ferries plying on Brahmaputra river.
 The inaugural night journey of an Inland Water Transport ferry fitted with the system sailed between
Guwahati and North Guwahati and completed the return journey also in about an hour.
 The night navigation mobile application was developed by the transport department in association
with K Raju, the principal scientist of IIT Madras and will survey the draft of the rivers.

Learn Along
About Assam
Capital: Dispur CM: Himanta Biswa Sarma Governor: Prof. Jagdish Mukhi

GoI launches the “Janbhagidari Empowerment” portal in J&K

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 The Central Government launched the “Janbhagidari Empowerment” portal in the Union Territory of
J&K.
 The portal was hosted on a different server with higher bandwidth, in order to provide easy and ready
accessibility to the general public.
 This intervention comes amid concerns related to the slow speed or bandwidth issues related to the
portal. After the movement of this portal on a different server, it has started to open quickly enough, and
thus the whole experience of visiting the portal has improved.
 The portal is a one-stop interactive and user-friendly digital platform. It provides detailed insights to
people into nature, status as well as the number of developmental works that are being executed in their
areas.

Learn Along
About J&K
Capital: Srinagar(Summer), Jammu (Winter) Lieutenant Governor: Manoj Sinha

REPORTS AND INDEXES

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rd
India ranks 43 in the International IP Index 2022

 Global Innovation Policy Center of the U.S. Chamber of Commerce has come up with International
IP Index 2022.
 India has improved its overall IP score from 38.4 per cent to 38.6 per cent, and the country is ranked 43
out of 55 countries on the Index.

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o Rank 1- United States

o Rank 2- United Kingdom
o Rank 3- Germany
o Rank 4- Sweden
o Rank 5- France

AGRICULTURE AND RURAL DEVELOPMENT

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PM Modi inaugurated ‘Kisan Drone Yatra’ and flagged off 100 ‘Kisan Drones’

 Prime Minister Narendra Modi recently inaugurated the ‘Kisan Drone Yatra’.
 It is an initiative by Garuda Aerospace Pvt Ltd.
 He also flagged off 100 ‘Kisan Drones’ in various cities and towns across India to spray pesticides in
farms across the states of India.
 The 100 Kisan Drones were set off in 100 villages in 16 states across India which includes Uttar
Pradesh, Punjab and Goa.
 The farmers can use the drones to transport their produce such as fruits, vegetables and flowers to
markets in a minimal time and boost their income.

PM-Kisan 3rd Anniversary, over Rs 1.80 lakh transferred to farmers accounts directly

 About 11.78 crore farmers as of February 22, 2022, have been benefitted under the PM Kisan
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scheme.
 The amount worth Rs1.82 lakh crore have been disbursed to eligible beneficiaries across India in
various intervals. During the current Covid 19 epidemic period, Rs. 1.29 lakh crore has been released.
 M-KISAN is a centre sectored scheme which was launched on 24th February 2019 to substitute
monetary needs of landholding farmers. The monetary benefit of Rs 6000/- per year in three equal
instalments, every four-month, 3 times a year, it is transferred into the bank accounts of the families of
the farmers across the country through Direct Benefit Transfer or DBT mode.

DEFENCE
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IAF to participate in multi-nation air exercise 'Ex Cobra Warrior 22' in UK

 Indian Air Force will participate in a multi-nation air exercise Ex Cobra Warrior 22 at Waddington in
United Kingdom from 6th to 27th of March.
 IAF Light Combat Aircraft LCA Tejas will participate in the exercise along with fighter aircraft of UK and
other leading Air Forces.
 The exercise is aimed at providing operational exposure and sharing best practices amongst the
participating Air Forces, thereby enhancing combat capability and forging bonds of friendship. This will
be a platform for LCA Tejas to demonstrate its maneuverability and operational capability.
 Five Tejas aircraft will fly to the United Kingdom. IAF C-17 aircraft will provide the necessary transport
support for induction and de-induction.

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Boeing delivers 12th P-8I maritime patrol aircraft to Indian Navy

 Boeing delivered the 12th P-8I maritime patrol aircraft to India making it the fourth of four additional
aircraft delivered under the options contract signed by the Ministry of Defence in 2016.
 The P-8I is an integral part of the Indian Navy’s fleet and has surpassed 35,000 flight hours since it was
inducted in 2013. The aircraft, with its exceptional maritime surveillance and reconnaissance
capabilities, versatility and operational readiness, has proven to be an important asset to the Navy. In
addition to unmatched maritime reconnaissance and anti-submarine warfare capabilities, the P-8I has
been deployed to assist during disaster relief and humanitarian missions.

Joint Military Exercise “Ex Dharma Guardian 2022”

 A joint military exercise, “EX DHARMA GUARDIAN-2022”, between India and Japan will be conducted
at Foreign Training Node, Belagavi (Belgaum, Karnataka) from 27 February 2022 to 10 March 2022.
 Exercise DHARMA GUARDIAN-2022 is an annual training event which is being conducted in India since
2018.
 Notably, in the series of military training exercises undertaken by India with various countries, Exercise
DHARMA GUARDIAN with Japan is crucial and significant in terms of security challenges faced by both
nations in the backdrop of current global situation. The scope of this exercise covers platoon level joint
training on operations in jungle and semi urban/urban terrain.
 Combat experienced troops of the 15th Battalion the MARATHA LIGHT INFANTRY Regiment of the
Indian Army and 30th Infantry Regiment of Japanese Ground Self Defence Forces (JGSDF) are
participating in the exercise this year to share experiences gained during operations in order to enhance
inter-operability in planning & execution of various operations in jungle & semi urban/ urban terrain.
 The Japanese Ground Self Defence Forces contingent arrived at the exercise location.
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Indian Navy's multilateral exercise MILAN 2022 commences in Visakhapatnam

 The latest edition of Indian Navy's multilateral exercise MILAN 2022 has commenced in
Visakhapatnam.
 Milan 2022 is being conducted over a duration of 9 days in two phases with the harbour phase
scheduled from 25th to 28 February and Sea Phase from 01 to 04 March.
 The RK Beach in Visakhapatnam is all designed for the mega event.
 The theme of the MILAN, 2022 exercise in ‘Camaraderie - Cohesion- Collaboration’ which aims to
project India as a responsible maritime power to the World at large.
 The aim of the exercise is to hone operational skills, imbibe best practices and procedures, and enable
doctrinal learning in the maritime domain, through professional interaction between friendly navies.
 It is a biennial multilateral naval exercise incepted by the Indian Navy in 1995.

Three More Rafale Fighter Jets Arrive In India From France

 Three more Rafale fighter aircraft arrived in India after taking off from France.
 The ₹ 60,000 crore contract between India and France for 36 Rafale fighter jets is now nearing
completion as only one aircraft is left to be inducted into the Indian Air Force (IAF)
 India had ordered 36 Rafale fighter aircraft from France in September 2016. The addition of Rafale is
seen as a major capability booster for the IAF.
 The twin-engine Rafale jets are capable of carrying out a variety of missions: ground and sea attack, air
defence and air superiority, reconnaissance and nuclear strike deterrence.

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EVENTS
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Vigyan Sarvatra Pujyate 2022: Science festival starts from today, UGC urges HEIs to participate

 Vigyan Sarvatra Pujyate, a week-long nationwide mega science festival was inaugurated.
 The programme included a lot of events and programmes displaying India's scientific heritage.
 Vigyan Sarvatra Pujyate was conducted in Jawaharlal Nehru Stadium, JLN Stadium, New Delhi.
 The event covered four major themes-- Milestones of Modern Indian Science and Technology,
Swadeshi Paramparik Inventions and Innovations, Science and Technology for next 25 years and
Competitions for all (under SCoPE).
 The event was conducted by the University of Jammu and it has registered 1,700 delegates for the
event.

Conference “DEVAYATANAM – An Odyssey of Indian Temple Architecture” inaugurated

 In a celebration under Azadi Ka Amrit Mahotsav, Archaeological Survey of India (ASI) of Ministry of
Culture, a two-day international conference ‘Devayatanam – An odyssey of Indian temple architecture
began at Hampi, Karnataka.
 The Union Minister for Culture, Tourism and DoNER G Kishan Reddy inaugurated the conference.
 The conference, Devayatanam aims to highlight the architectures of Indian temples.
 The conference will deliberate on philosophical, religious, social, economic, technical, scientific, art, and
architectural aspects of temples. Furthermore, it is a step towards the initiation of a dialogue on the
evolution and development of the various styles of temple architecture such as the Nagara, Vesara,
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Dravida, Kalinga, and others.

28th edition of the DST – CII Technology Summit

 Confederation of Indian Industry (CII) in partnership with Department of Science & Technology
(DST), Government of India is hosting the 28th edition of the DST – CII Technology Summit (over a
virtual platform).
 Singapore is the Partner Country for Technology Summit in 2022.
 Technology Summit over a period of more than two decades has been instrumental in providing
significant opportunities to forge and foster bilateral technology partnerships.
 The aforesaid summit shall provide the right platform to deepen interaction, explore further opportunities
in the businesses and investment arenas, and to scale up the bilateral cooperation.
 The focus areas would be Smarter Cities, Space, Industry 4.0 and Advanced Engineering, Healthcare,
Precision Medicine, Mobility etc.

APPOINTMENTS
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Organization News Learn Along
Name

RBI The government nominated Department of Financial Services Secretary Headquarters:

Sanjay Malhotra as a Director on the Central Board of RBI. Mumbai, India

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Organization News Learn Along

Name

International The Secretariat of IRSG (International Rubber Study Group), the

intergovernmental organization of natural rubber (NR) and synthetic Headquarters:
Rubber Study
rubber (SR) producing and consuming countries, has announced the Singapore
Group
election of Dr. K. N. Raghavan, Executive Director, Rubber Board of India
as the new Chairperson of the IRSG Heads of Delegation. Dr.
Raghavan was elected unanimously by the IRSG Member Governments’
representatives and will stay in the position as Chairman of the Singapore-
headquartered group for two terms, till 2024.

Economic
Advisory Council Finance ministry's principal economic advisor Sanjeev Sanyal has been
inducted as a full-time member in the Economic Advisory Council to ---
to the Prime
Minister the Prime Minister (EAC-PM). The appointment is for a tenure of two
years.

IDBI bank Rakesh Sharma reappointed as MD & CEO of IDBI Bank for a period of
3 years. Headquarters:
Mumbai

Hindustan Unilever Hindustan Unilever Ltd (HUL) announced the separation of the position
of chairman of the board and the CEO and managing director, with Nitin Headquarters:
Ltd
Paranjpe appointed as the non-executive chairman of the company, Mumbai
while Sanjiv Mehta will continue as CEO and managing director.
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Indian Govt. Union authorities introduced to raise senior IAS officers and Digital India
Corporation CEO Abhishek Singh as new Nationwide e-Governance ---
Division (NeGD) CEO.

Additional senior AGMUT cadre IAS officer Geetha Meetina is appointed

as Joint Secretary, Division of Agriculture & Farmers Welfare.

D2H Dish TV India Limited’s DTH brand D2H, has brought Rishabh Pant on
board as its new brand ambassador. The cricketer will feature in 360- ---
degree brand communication for the next two years.

Beti Bachao Beti International chess player woman FIDE master -- a high ranking chess
title -- Tanishka Kotia and her sister Riddhika Kotia have been ---
Padhao scheme
announced as brand ambassadors from Gurugram for the centre's 'Beti
Bachao Beti Padhao' scheme.

AWARDS AND REWARDS

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Gen MM Naravane presents Presidential Colours to four Para battalions

 Chief of Army Staff General MM Naravane presented Presidential Colours to four parachute
battalions at Parachute Regiment Training Centre in Bengaluru.

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 The four battalions are the 11 Para (Special Forces), 21 Para (Special Forces), 23 Para, and 29 Para
battalions.
 The award of President's Colours or the 'Nishan' is one of the highest honours bestowed upon a
military unit in recognition of its exceptional service to the nation, both during the war and in peace.

12th Annual Aegis Graham Bell Awards

CDOT Declared Winner in the categories of Tech for Social Good, Preventive measures to combat COVID
19, and Innovation in Lockdown Management

 Centre for Development of Telematics (C-DOT), the premier Telecom R&D centre of the Government
of India has bagged three awards at 12th Annual Aegis Graham Bell Awards in a virtual ceremony for
its indigenously designed & developed innovative Telecom solutions in various categories.
 CDOT is declared TOP WINNER in three categories as below:

i. Indigenous Early Warning Platform for Disaster Management & Preparedness based on ITU’s
Common Alerting Protocol (CAP) in the “Tech for Social Good” category.
ii. C-DOT SAMVAD – A Unified Platform for Secure Messaging and Calling Solution. This solution
also secured first position in the category for “Innovative in Lockdown Management”.
iii. C-DOT Quarantine Alert System (CQAS) has won the first prize in the category of “Preventive
measures to combat Covid 19”.

IMPORTANT DAYS
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Back to Index
Day/Week Observance Significance

It is observed on 24th February every year to commemorate the Central

Central Excise Excise and Salt Act which was enacted on 24th February 1944. The day
February 24
Day honours the contribution of the Central Board of Indirect Taxes and
Customs (CBIC) to the country and the officers associated with it and their
services.
National Protein
National Protein Day is an annual awareness day observed to rally
Day
towards the mission of protein awareness and sufficiency in India.

The day is an international calendar day. Officially recognized and

World NGO Day declared by the 12 member countries of the IX Baltic Sea NGO Forum of
the Council of the Baltic Sea States in 2010 and first time marked by the
UN, EU leaders and international organizations in 2014.
Anosmia
February 27 Anosmia Awareness Day is a day to spread awareness about anosmia,
Awareness Day
the loss of the sense of smell. It takes place each year on February 27.

International Polar Bear Day is an annual event celebrated every February

27, to coincide with the time period when polar bear moms and cubs are
International Polar sleeping in their dens, and to raise awareness about the conservation
Bear Day status of the polar bear.

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Day/Week Observance Significance

Marathi Language Day is celebrated on February 27 every year across the

Indian states of Maharashtra and Goa. This day is regulated by the State
Marathi Language
February 27 Government. It is celebrated on Birthday of eminent Marathi Senior poet
Day
Kusumagraj. Kusumagraj has made significant contribution in the cultural
field of Maharashtra and tireless efforts have been made to make Marathi
the language of knowledge.

The day is celebrated in India each year to mark the discovery of the
National Science
Raman effect by Indian physicist Sir C. V. Raman on 28 February 1928.
Day
For his discovery, Sir C.V. Raman was awarded the Nobel Prize in Physics
in 1930.

The day is an observance to raise awareness about diseases that most

February 28 people will not know of, as well as to improve access to treatment.
EURORDIS (The European Organization for Rare Diseases) says that
Rare Disease Day
treatment for many rare diseases is insufficient, and some people’s quality
(last day of
of life is greatly hindered by inequality, simply because people have never
February)
heard of their disease, or do not understand the disease and the patient’s
needs. Since 2008, EURORDIS has been putting in place social networks
to help support individuals with rare diseases and their families, as well as
Co-Ordinating events for Rare Disease Day at an international level.

OBITUARIES www.i xamBee.c om

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Name of Person Field Points to Remember

Mekapati Goutham Former Minister of Andhra Pradesh Industries Minister Mekapati Goutham Reddy
Reddy Industries of Andhra passed away. Reddy, 50, was a two-time MLA from the Atmakur
Pradesh Assembly constituency in the Nellore district. He also held the
Information Technology portfolio.

Maheshwari Amma Veteran actress Maheshwari Amma, better known by her stage
Veteran Actress name of KPAC Lalitha who starred in over 500 films primarily in
Malayalam cinema, passed away. She was 74.
She bagged the National award for best supporting actress twice
in Amaram (1990) and Shantham (2000). She has served as the
chairperson of the Kerala Sangeetha Nataka Akademi.

Hemananda Biswal Former Chief minister of Odisha and veteran Congress leader and
Former Chief minister Hemananda Biswal passed away. He was 82.
of Odisha The first tribal chief minister of Odisha, he served in the top post
twice, though for brief periods of three months each. The first time
he was appointed as CM was from December 7, 1989 to March 3,
1990 and the second time, from December 6, 1999 to March 5,
2000.

Biswal was elected to the assembly for the first time in 1974 from
Laikera (ST) constituency on a Congress ticket. He last

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Name of Person Field Points to Remember

represented the constituency from 2000 to 2004. He was also
elected to Lok Sabha from Sundargarh Parliamentary
constituency in 2009.

BOOKS
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Book Title Author/s About the book

The Great Tech Game: In The Great Tech Game, the author provides a coherent
Anirudh Suri framework outlining the key drivers that will determine the
Shaping Geopolitics and the
Destinies of Nations ability of a nation to succeed in this technology-dominant era.
The book goes on to evaluate whether digital colonialism is
an inevitable reality, or whether new frameworks will emerge
(Publisher: HarperCollins India)
to govern relationships between technology-rich and
technology-poor nations.

SPORTS
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Nagaland: SAAF, 56th National Cross country Championship to be held on March 26

 Nagaland is all set to host South Asian Athletic Federation (SAAF) cross country championship
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and 56th National Cross-Country athletics championships from 26th March in Kohima.
 The event which will be flagged off at Indira Gandhi Stadium Kohima is expected to have participants
from the affiliated states and Union Territories of the country including the Railways.
 The official mascot of the South Asian Cross Country Championships and 56th National Cross
Country is a joyous happy running 'Hornbill'. The name of the Mascot is Akimji - a connotation of the
word AMBITION derived from Sumi dialect of Naga tribe which exemplifies the ambition of the new
generation of Naga youth.

Spanish Teenager Carlos Alcaraz Becomes Youngest ATP 500 Titlist

 Spanish teenager Carlos Alcaraz made history, becoming the youngest ATP 500 titlist since the
category was created in 2009, defeating third-seeded Diego Schwartzman of Argentina 6-4, 6-2.
 Alcaraz overwhelmed the world No. 14 Schwartzman with his power and gritty play, winning 12 of the
final 16 games.

R Praggnanandhaa defeated World no.1 Magnus Carlsen

 Teenaged Indian Grandmaster R Praggnanandhaa defeated world no.1 Magnus Carlsen, in the
eighth round of the Airthings Masters online rapid chess tournament, becoming only the third from
the country to clinch a victory over the Norwegian.
 The 16-year old prodigy followed five-time former world champion Viswanathan Anand and P
Harikrishna in getting the better of Carlsen, the 31-year-old who is also the reigning world champion.

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Mirabai Chanu qualifies for CWG 2022 after winning gold in Singapore Weightlifting International

 Mirabai Chanu is set to represent India at the Commonwealth Games 2022 after securing a gold
medal in the 55 kg category by lifting a total of 191 kg in the Singapore Weightlifting International.
 Chanu who was competing in the 55 kg category for the very first time lifted 191 kg (86kg+105kg) to
stand on top of the podium in an uncompetitive field.
 The CWG Qualification event would allow the top 8 lifters in each category to qualify for the
Commonwealth Games in Birmingham out of which Chanu has assured a spot not only in the 49 kg
category but also in the 55 kg category for India.
 The 27-year-old Chanu qualified for the Birmingham 2022 in the 49kg weight category on the basis of
her Commonwealth rankings.

Sources of the News:

PIB India, DD News, News on AIR, The Economic Times, Financial Express, liveMint, The Indian Express,
The Times of India, Business Standard, Business World, Business Line, Hindustan Times, The Hindu, Al
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Jazeera, BBC, Zee News, Republic World, Times Now News, Money Control, NDTV, Outlook India and
Wikipedia

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