Kapil Kathpal

Annapurna Finance Private Applies

for Universal Bank License Banking
• Reserve Bank of India has received an application from
Bhubaneswar based Annapurna Finance Private Limited formerly
known as Annapurna Microfinance Private Limited, under the
Guidelines for ‘on tap’ Licensing of Universal Banks in the Private
Sector issued on 1st August 2016.

• Universal banking is a system of banking where banks undertake

a blanket of financial services like investment banking, commercial
banking, development banking, insurance and other financial
services including functions of merchant banking, mutual funds,
factoring, housing finance, insurance etc.

• In simple words, Universal Banking means that Financial

Institutions (FIs) and Banks are allowed to undertake all kinds of
activity of banking , financing and related businesses.
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Eligiblity
• Individuals/professionals who are ‘residents’ and have 10 years of
experience in banking and finance at a senior level.

• Entities/groups in the private sector that are ‘owned and controlled by

residents’ [as defined in FEMA Regulations, as amended from time to
time] and have a successful track record for at least 10 years, provided
that if such entity/group has total assets of ₹ 50 billion or more, the non-
financial business of the group does not account for 40 per cent or more
in terms of total assets/in terms of gross income.

• The initial minimum paid-up voting equity capital for a bank shall be ₹ five
billion

• The bank shall get its shares listed on the stock exchanges within six
years of the commencement of business by the bank. The bank shall
open at least 25 per cent of its branches in unbanked rural centres

• SBM Bank (India) Limited (Subsidiary of SBM Group) and DBS Bank
India Limited (Subsidiary of DBS Bank Ltd.) have been issued licence on
December 6, 2017 and October 4, 2018 respectively for carrying on
banking business in India through Wholly Owned Subsidiary (WOS) mode
 Dhanlaxmi Bank launches ‘DhanDelight‘ & Kapil Kathpal

Mobile Banking App ‘DhanSmart‘ Banking

• Dhanlaxmi Bank has launched its new retail internet

banking ‘DhanDelight’, and retail mobile banking app
‘DhanSmart’

• In DhanDelight, latest User Interface and User

Experience enable customers to do the financial
transactions more securely.

Dhanlaxmi Bank:
• Managing Director & CEO– Shivan J K
• Headquarters– Thrissur, Kerala
 Kapil Kathpal
IndusInd Bank Partners with British & Qatar Airways
Banking
• IndusInd Bank partnered with British Airways Executive
Club and Qatar Airways Privilege Club to introduce the
first-of-its-kind unique multi-branded credit card,
powered by Visa.

IndusInd Bank:

• Managing Director & Chief Executive Officer–

Sumant Kathpalia
• Headquarters – Pune
 Kapil Kathpal
Startup India Innovation Week
National
• The Department for Promotion of Industry and
Internal Trade will be organizing the Startup
India Innovation Week from January 10th to
January 16th 2023.

• This event is part of the Azadi Ka Amrit

Mahotsav celebrations and will take place in
over 75 locations across the country.
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• The Start-up India scheme was launched on January 16, 2016 by

the Department for Promotion of Industry and Internal Trade with
the goal of supporting and promoting start-ups in India.

• There are several key benefits to the Start-up India scheme,

including:

• Reduced patent registration fees

• Improved Bankruptcy Code with a 90-day exit window

• Freedom from inspections and capital gain tax during the first
three years of operation

• The creation of an innovation hub under the Atal Innovation

Mission

• Encouragement of entrepreneurship across India

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Eligibility Criteria for Startup Recognition:

• The Startup should be incorporated as a private limited company or

registered as a partnership firm or a limited liability partnership

• Turnover should be less than INR 100 Crores in any of the previous
financial years

• An entity shall be considered as a startup up to 10 years from the date of

its incorporation

• The Startup should be working towards innovation/ improvement of

existing products, services and processes and should have the potential
to generate employment/ create wealth. An entity formed by splitting up
or reconstruction of an existing business shall not be considered a
"Startup“.
 Kapil Kathpal
President assents CrPC (Gujarat Amendment) Bill 2021
National
• The President of India Droupadi Murmu has given her assent to the Code
of Criminal Procedure (Gujarat Amendment) Bill, 2021 which empowers
the administration to register criminal cases against those who are staging
protests in violation of Section 144 of the Code of Criminal Procedure

Section 144 of CrPC

• Enacted in 1973, Section 144 empowers the magistrate of any state or

union territory in India to prohibit the assembly of four or more people so
that law and order can be protected in an area.

• Section 144 can be directed against a particular individual or persons

residing in a particular place or area or to the general public.

• The order passed under Section 144 can remain in force only for two
months from initiation of the order. It can be extended but not more than 6
months and have to reviewed thereafter.

• Violation of Section 144 is liable for a maximum of 3 years imprisonment.

 Kapil Kathpal
Amendment:

• The CrPC (Gujarat Amendment) Bill, 2021 amended Section 195 (1) (a) (ii)

• According to the bill, the breach of the magisterial order will be regarded as
a cognisable offence under Indian Penal Code (IPC) Section 188
(disobedience to an order duly promulgated by a public servant), and a
public authority can arrest an accused without a warrant.

• The maximum punishment for violators under the Section 188 of the Indian
Penal Code is 6 months jail.

• Before this amendment, the state (police) can only detain violators for a
limited period of time

• Once this bill becomes law, the Gujarat government, police commissioners
and district magistrates will be empowered to issue prohibitory orders,
restricting any person from a certain act or for prevention of disturbance of
public tranquillity or a riot or an affray to maintain public order on various
occasions.
 Kapil Kathpal
Narayan Rane Virtually Inaugurates India
Made ITRS at MOPA Airport Goa National

• Narayan Rane, Union Minister for Micro Small &

Medium enterprises (MSME) inaugurated an India
made Intelligent Tray Retrieval System (ITRS)
manufactured by M/s SJK Innovations Private Limited
at MOPA (Goa) International airport, officially renamed
as Manohar International Airport, Mopa, Goa.

• This “Made in India” ITRS system is also “Patented in

India”.

• The machine is equipped with image analysis software

with advanced tools for effortless screening and also
contains a dedicated module for high threat baggage
that needs immediate attention at the airport.
 Kapil Kathpal
Govt Approves Rs 28.11 crore for
Andhra Pradesh Tobacco Farmers National

• Piyush Goyal, Union Minister of Commerce & Industry, approved

Rs 28.11 crore to provide immediate relief to over 28,000 Tobacco
farmers affected by Cyclone Mandous in Andhra Pradesh.

• The fund extends a special interest-free loan of Rs 10,000 to each

member of Tobacco Boards Growers Welfare Schemes, which
shall benefit around 28,112 farmers

• The interest-free loan to the eligible Tobacco farmers will be

administered by the Tobacco Board, a statutory body under the
Ministry of Commerce and Industry.

• The name, ‘Mandous’, was suggested by the United Arab

Emirates in 2020 as a member of the World Meteorological
Organisation
 Kapil Kathpal
Parshottam Rupala Inaugurates 29
Mobile Veterinary Units and Call Centres National
• Union Minister for Fisheries, Animal Husbandry, and
Dairying Parshottam Rupala inaugurated 29 Mobile
Veterinary Units and a Centralized call center in
Thiruvananthapuram.

• These MVUs will be operated through a centralized call

center with a uniform helpline No. 1962.
 Kapil Kathpal
India gets its 1st IVF Mobile Unit for Animals
National
• India received its 1st In vitro fertilization
mobile unit for animals in Amreli, Gujarat.

• The Government of India and Amar Dairy

jointly dedicated the IVF mobile van.
 Kapil Kathpal
Silent Valley Bird Survey
• A recent bird survey conducted at Silent Valley National Park in Kerala National
identified a total of 175 species, with 17 of those being newly recorded.

• These additions bring the total number of identified species up to 175,

with an impressive 139 species identified in the 2006 survey and 142 in
the 2014 survey

• Silent Valley National Park Located in the Nilgiri hills on the border of
Kerala and Tamil Nadu, Silent Valley National Park

• The park is located within the Nilgiri Biosphere Reserve, that also includes
the Karimpuzha Wildlife Sanctuary, New Amarambalam Reserved Forest,
and Nedumkayam Rainforest in Nilambur Taluk of Malappuram district,
Attappadi Reserved Forest in Mannarkkad Taluk of Palakkad district, and
Mukurthi National Park of Nilgiris district.

• The Bhavani River, a tributary of the Kaveri River, and the Kunthipuzha
River, a tributary of the Bharathappuzha river, both have their origins in
the area around Silent Valley.

• The Kadalundi River also has its origin in Silent Valley.

 Kapil Kathpal
Digantara launches 2nd satellite
to Monitor Space Weather National
• Bengaluru based start-up Digantara launched its second satellite
Pushan-Alpha as a rideshare on SpaceX’s Falcon 9 rocket,
carrying Transporter-6 mission to the low earth orbit from Space
Launch Complex 40 (at Cape Canaveral Space Force Station in
Florida, United States

• The Pushan-Alpha mission is named after the Hindu Solar (Sun)

Deity considered as the God of journeys and protector of
travellers.

• This launch will complement Digantara’s ROBust Integrating

(ROBI) Proton Fluence Meter Mission that was launched on the
Indian Space Research Organisation PSLV C53 on June 30, 2022.

• It was world’s first commercial space-based space weather

monitoring system
 Kapil Kathpal
IIT Guwahati Aeromodelling Club Engineered
Indigenous Multipurpose Drones National

• The Aeromodelling club of the Indian Institute of Technology Guwahati

has engineered 4 state-of- the-art Indigenous Multipurpose Drones

• The drones were designed and developed in IIT-Guwahati

The 4 drones include

• “Warehouse Drones” for complex warehouse and inventory management

• “Reaper Drones” for military and law enforcement usage

• “Ornithopters” based on the design of birds for surveillance in tight

spaces and wildlife photography

• “RAVEN” an indigenously built VTOL (Vertical Takeoff and Landing)

capable fixed-winged aircraft which can be used as a delivery or
surveillance drone.
 Kapil Kathpal
India Identifies two Lithium and one Copper
mine in Argentina for Acquisition National

• The Indian government has proclaimed that they have identified

two lithium mines and one copper mine in Argentina and they are
moving forward to acquiring it or taking long term lease.

• Khanij Bidesh India Ltd. (Kabil) will have ownership or leasing

rights to the mines.

• Khanij Bidesh India Ltd is a joint venture between the National

Aluminium Company (Nalco), Hindustan Copper (HCL), and
Mineral Exploration Corporation Ltd.

• Lithium reserves have been found in all the continents but Chile,
Argentina and Bolivia together are referred to as the “Lithium
Triangle”- more than 75 percent of the world supply.
 Kapil Kathpal
Schemes of Ministry of Development
of North Eastern Region National

• The Centre has approved the continuation of

schemes of the Ministry of Development of
Northeastern Region with an outlay of Rs
12,882 crore for the balance period of the 15th
Finance Commission (2022-23 to 2025-26)
 Kapil Kathpal
Army Inks Pact with Assam Govt
MOU
• Indian Army signed Memorandums of
Agreement with eight government medical
colleges and hospitals under the Governemnt
of Assam to offer the Ex-Servicemen
Contributory Health Scheme in Assam.

• The Assam Cancer Care Foundation and TATA

Trust initiative has also been empanelled with
ECHS.
 Kapil Kathpal
International Hockey Federation tie-up with JSW
MOU
• The International Hockey Federation (FIH) has signed
a partnership with the JSW Group for the upcoming
FIH Odisha Hockey Men’s World Cup 2023
Bhubaneswar-Rourkela

• The 15th edition of FIH’s flagship event for men will be

played from 13 January to 29 January in Odisha
 Kapil Kathpal
Purple, First Inclusion Festival of India starts in Goa
• The eagerly anticipated Purple Fest, Festival

Celebrating Diversity, the state’s first-ever

inclusive festival for people with disabilities will
take place in Goa.

• The three-day festival’s purpose is to

demonstrate to everyone how to promote
diversity in our society and how to help one
another.
 Kapil Kathpal
1st Gouriamma award to Aleida Guevara
Awards

• Pinarayi Vijayan, Chief Minister of Kerala,

presented the 1st Gouriamma award to
Aleida Guevara, Cuban child rights advocate
and daughter of revolutionary leader Che
Guevara

• The award comprises USD 3,000, a statuette

and a citation.
 Kapil Kathpal
Galymzhan Koishybayev as
Deputy PM Republic of Kazakhstan International

• Kassym-Jomart Tokayev, President of the Republic of

Kazakhstan signed a decree to reshuffle the cabinet
replacing 5 ministers and appointing Galymzhan
Koishybayev as Deputy Prime Minister – Chief of Staff
of the Government.

Republic of Kazakhstan:

• President- Kassym-Jomart Tokayev

• Prime Minister- Alikhan Smailov
• Capital- Astana
• Currency- Kazakhstani Tenge
 Kapil Kathpal
KKCL & BCCI partners as Official
Sponsor of Indian Cricket Team Sports
• Kewal Kiran Clothing Limited has announced plans to enter its
flagship brand ‘Killer’ into a strategic partnership with the Board of
Control for Cricket in India as the Indian Cricket Team’s “Official
Sponsor”.

• The brand will now be displayed on the Team India jersey’s right
upper chest.

• KKCL will put on the brand Killer logo on Team India’s Kit until 31st
May 2023.

• KKCL owns brands like Integriti, Lawmanpg3, Easies and Desi

Belle
 Kapil Kathpal
Veteran Sinologist Janaki Ballabh passed away
Obituary
• Veteran Sinologist Janaki Ballabh, an Indian translator and
writer, who translated a range of Chinese works into Hindi,
passed away in Beijing, China

• He lived and worked in China as a Hindi Language expert

from 1956 to the years immediately following the Cultural
Revolution.

• He was honoured with Peace and Friendship Award 1961 by

former Chinese Premier Zhou Enlai for his contributions to
cultural exchange between China and India.

• Sinologist – a person who studies or is an expert in the

academic study of China primarily through Chinese
language, literature, and history.