Current Affairs

27^th July 2022

Russia decides to leave the International Space Station after 2024

President Vladimir Putin was informed by the newly appointed head of Moscow’s space agency that Russia has made the decision to leave the International Space Station after 2024. To read more, click here.

Kerala will start taking steps to ensure every citizen fully digitally literate

Kerala government has made the decision to start initiatives to promote full digital literacy in the State. Chief Minister Pinarayi Vijayan while addressing a school programme in Thiruvananthapuram explained that the campaign aims to educate people, particularly youngsters, about the dangers and traps online.

Prime Minister to lay the cornerstone for the IFSCA’s Gujarat headquarters

Gujarat’s IFSCA (International Financial Services Centres Authority) Headquarters Building will officially break ground thanks to Prime Minister Narendra Modi. To read more, click here.

GoI Designates 5 New Ramsar Sites, taking total number to 54

Five new wetlands of International importance have been designated in India. With this, the total number of Ramsar sites in the country have been increased from 49 to 54 Ramsar sites. The new sites are Karikili Bird Sanctuary, Pallikaranai Marsh Reserve Forest & Pichavaram Mangrove in Tamil Nadu, Pala wetland in Mizoram and Sakhya Sagar in Madhya Pradesh.

Mastercard set to replace Paytm as BCCI title sponsor

Mastercard is all set to replace Paytm as the title sponsor for all international and domestic cricket matches organised by the Board of Control for Cricket in India (BCCI). Paytm held the rights till the end of 2023.

Nokia awards Wipro a five-year contract for digital transformation

Wipro Ltd., a company with its headquarters in Bengaluru, announced the signing of a new, five-year contract for digital transformation with Nokia of Finland. The new contract expands on a connection that was first formed more than 20 years ago.

To Establish Center of Excellence for MSME, NSIC and LG Electronics sign an agreement

In the presence of Shri Narayan Rane, Honorable Cabinet Minister, Shri Bhanu Pratap Singh Verma, Honorable Minister of State, Shri B. B. Swain, Secretary MSME, Shri P. Udayakumar, CMD, NSIC, and Shailesh Kumar Singh, AS&DC, National Small Industries Corporation (NSIC) signed an agreement with LG Electronics India Pvt Ltd. and the Electronics Sector Skills Council of India (ESSCI). 

HDFC Bank to be among global top 10 banks after merger

According to Times of India report, HDFC Bank will be among the world’s top 10 most valuable banks after its merger with the parent, mortgage lender Housing Development Finance Corporation (HDFC), at the current valuations and will also be the first Indian bank to make it to the Top 10 club. To read more, click here.

Points to remember:

HDFC Bank Ltd MD & CEO: Sashidhar Jagdishan

HDFC Bank Ltd Establishment: 1994

HDFC Bank Ltd Headquarters: Mumbai, Maharashtra

HDFC Bank Ltd Tagline: We Understand Your World

RBI approves Piramal Enterprises’ establishment of NBFC

The Reserve Bank of India (RBI) has given the organisation permission to begin conducting business as an NBFC to Piramal Enterprises. The licence is required to start an NBFC that does not accept public deposits. To read more, clickhere.

Points to remember:

RBI Governor: Shaktikanta Das

Piramal Enterprises Founder: Ajay Piramal

Piramal Enterprises CEO: Peter DeYoung

IMF cuts Indian economic growth forecast by 80 bps to 7.4%

The International Monetary Fund (IMF) has slashed India’s growth forecast for 2022-23 (FY23) by 80 basis points to 7.4 per cent from 8.2%, citing less favourable external conditions and rapid policy tightening by the central bank. To read more, click here.

Points to remember:

IMF Formation: 27 December 1945

IMF Headquarters: Washington, D.C., United States

IMF Member Countries: 190

IMF MD: Kristalina Georgieva

Indian Army received locally developed QRFV from Tata Advanced Systems

Tata Advanced Systems successfully delivered the locally developed Quick Reaction Fighting Vehicle to the Indian Army. To read more, click here.

Monkeypox vaccine IMVANEX approved by European Commission

European Commission has given permission for the Imvanex vaccine to be marketed as protection against monkeypox, as recommended last week by the European Medicines Agency (EMA). 

India will host ICC Women’s ODI World Cup 2025

International Cricket Council (ICC) has confirmed that India will host the ICC Women’s ODI World Cup 2025. BCCI will leave no stone unturned to make it a memorable event for everyone concerned. 

AR Rahman unveils anthem ‘Vanakkam Chennai’ for 44th International Chess Olympiad

Grammy and Oscar-winning music composer, AR Rahman has come up with the ‘Vanakkam Chennai’ (Welcome Anthem) for the upcoming International Chess Olympiad, 2022.

Professor Kaushik Rajashekara won Global Energy Prize 2022

Indian-origin professor of engineering at the University of Houston, Kaushik Rajashekara has won the prestigious Global Energy Prize.