DAILY CURRENT AFFAIRS – JANUARY 25, 2022

Q.) What is the GDP forecast for 2022-23 for India, as per the ‘World Economic Situation and
Prospects (WESP) 2022 report?

[a] 6.7%

[b] 5.5%

[c] 6.1%

[d] 4.5%

[e] 5.2%
 ‘World Economic Situation and
Prospects (WESP) 2022’ report
UN’s Department of Economic and Social Affairs (DESA) has released ANS - A

the ‘World Economic Situation and Prospects (WESP) 2022 report.

Q.) What is the validity of Accreditation Certification under the SEBI’s framework on
Accredited Investors?

[a] 3 years

[b] 5 years

[c] 2 years

[d] 1 year

[e] 6 months
 Accredited Investors

CDSL Ventures Limited has received approval from SEBI ANS - D

for setting up an Accreditation Agency for a period of 3
years with effect from February 01, 2022 for
accreditation of eligible Investors.
• CDSL Ventures Limited is a wholly owned subsidiary
of Central Depository Services (India) Limited (CDSL).
• MD & CEO, CDSL - Nehal Vora
 Accredited Investors

Additional Facts: ANS - D

• In August 2021, SEBI has released the Framework for

Accredited Investors that allowed Individuals, Hindu
Undivided Family (HUFs), family trusts, sole
proprietorships, partnership firms, trusts and body
corporates to get accreditation certification.
• The Accreditation certification is given by the
Accreditation Agency based on the eligibility criteria
(which includes net worth and income) specified by
SEBI.
 Accredited Investors

• Benefits of becoming an “Accredited Investor” – ANS - D

o AI can invest in unlisted securities

o Flexibility in minimum investment amount
o Flexibility in regulatory requirements
• The Accreditation certificate will be valid for a year.
 Accredited Investors

• Accredited Investors are considered prudent ANS - D

and qualified investors. They are given the

Accreditation Certification after examining
them on the basis of their qualification or the
prescribed eligibility criteria.
• Therefore, these Accredited Investors are
allowed investment in the unlisted securities
as well. Unlisted securities are riskier than
normal securities because of their lacking
disclosures.
Q.) Which department of the Centre has launched Mission Amanat?

[a] ICMR

[b] DPIIT

[c] CSIR

[d] Indian Railways

[e] Dept of Biotechnology

 Mission Amanat

Indian Railways has launched the ‘Mission Amanat’ to ANS - D

find the lost luggage of the passengers.

• The Railway Protection Force uploads the
information of the lost luggage and belonging in
the web portal https://wr.indianrailways.gov.in/.
• In the year 2021, Western Railways has done a
spectacular work under this mission.
Q.) With which country has India recently launched negotiations on Free Trade Agreement?

[a] UK

[b] Saudi Arabia

[c] Bangladesh

[d] Uzbekistan

[e] Georgia
 Free Trade Agreement

UK has launched Free Trade Agreement negotiations ANS - A

with India.
• UK govt has described it as a "golden opportunity"
to put British businesses at the "front of the queue"
of the Indian economy.
• UK’s Secretary of State for International Trade, Anne-
Marie Trevelyan, visited New Delhi to meet with
Union Commerce and Industry Minister Piyush Goyal
for the 15th UK-India Joint Economic and Trade
Committee (JETCO).
Q.) Which of the following organization has developed Fetal Lite, an AI-powered, foetal heart
rate monitor for mothers in labor?

[a] InnAccel

[b] NIRAMAI

[c] UE LifeSciences

[d] Antiva Biosciences

[e] Bharat Biotech

 The Global Women's HealthTech
Awards 2022
World Bank, International Finance Corporation, ANS - A

and the Consumer Technology Association

(CTA) announced the winners of The Global
Women's HealthTech Awards 2022.
• The awards were launched in August 2021 for
companies. It is given in three categories -
reproductive health and pregnancy, general
women's and adolescent health, and women
safety and security.
 The Global Women's HealthTech
Awards 2022
• Winners – ANS - A

o US based - Antiva Biosciences, and UE

LifeSciences (developer of iBreastExam
for detection of breat cancer)
o Bengaluru based – InnAccel (developed
Fetal Lite, an AI-powered, foetal heart rate
monitor for mothers in labor), NIRAMAI
(for detection of breast cancer)
Q.) Which sport is Tasnim Mir related to?

[a] Tennis

[b] Squash

[c] Football

[d] Badminton

[e] Sprint
 Tasnim Mir

Tasnim Mir (aged 16, from Gujarat) has been ranked as ANS - D
World No.1 in U-19 Badminton Women’s Singles’ rankings.
• She has become the first Indian to claim the No. 1 spot in
the Badminton World Federation Junior Women’s World
Rankings in the under-19 singles category.
• Tasnim Mir’s global ranking in Women’s Singles (adult +
U19) is 605.
• Tai Tzu-ying (Taiwan) is world’s no.1 in Women’s Singles
(adult) category. Viktor Axelsen (Denmark) is the No.1 in
Men’s (adult) category.
Tasnim Mir

ANS - D
WELCOME TO GK FACTORY!!!
 Highlights of the Report –

Growth Potential
• Global growth rate is slowing post 2021.
• In 2021, global recovery in output was largely driven by
robust consumer spending and some uptake in investment.
• While higher commodity prices have helped commodity-
exporting countries at large, rising food and energy prices
have triggered rapid inflation, particularly in the
Commonwealth of Independent States (CIS) and Latin
America and the Caribbean.
• Recovery has been especially slow in
tourism-dependent economies, notably in the
small island developing States.
• According to current forecasts, half of the
world’s economies will exceed pre-pandemic
levels of output by at least 7% in 2023.
• However, East Asia, South Asia, Africa, Latin
America, and the Caribbean regions may
witness output growth levels below the levels
forecast prior to the pandemic.
• Pandemic has tapered the countries’ potential of
growth.
• These persistent output gaps will increase
poverty and inequality and undermine sustainable
development.
• High income inequalities within and between
countries may persist for a long period of time.
 Labour Market
• Employment levels are projected to remain
well below pre-pandemic levels during 2022–
2023 and possibly beyond.
• In developed economies, full employment
recovery is projected in 2023 or in some cases
in 2024.
• The developing economies, especially those in
Africa, Latin America and the Caribbean, and
Western Asia, are expected to see much
slower recovery of jobs.
 Poverty Outlook
• The number of people living in extreme
poverty globally is projected to decrease
slightly to 876 million in 2022 but is expected
to remain well above pre-pandemic levels.
 Asset Purchase Program
• Many Central Banks, both in developed and
developing countries, started purchasing
assets (like govt bonds or mortgage backed
securities from financial institutions) for
providing liquidity to the market.
• By the second quarter of 2021, the Reserve
Bank of India was the only major developing
country central bank continuing significant
asset purchases.
 Asset Price Bubble
• The additional liquidity from large-scale Asset Purchase
Program has increased asset price inflation in virtually
every asset class, including bond, equity and real estate
markets.
• Now, if the monetary conditions shift due to the Central
Banks reducing their asset purchases and increasing
policy rates, this asset price bubble would likely burst.
• This could trigger a number of bankruptcies, with
adverse global spill-over effects.
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