VISION

1)  DRDO successfully test-fires final deliverable configuration of MPATGM

•Defence Research and Development Organisation (DRDO) successfully flight tested the Man-Portable Anti-Tank Guided Missile (MPATGM), in its final “deliverable configuration”. MPATGM will be manufactured by Bharat Dynamics Limited at its facility in Bhanoor, Telangana.

2)  Supreme Court appoints 5-member panel headed by former judge Indu Malhotra

•The Supreme Court of India has constituted a five-member committee to probe the security breach during the recent visit of Prime Minister Narendra Modi to Punjab. The committee will be headed by former apex court judge Justice Indu Malhotra. Other members of the panel include the Inspector General of the National Investigation Agency (NIA), the Director-General of Police of Chandigarh, the Registrar General of the Punjab and Haryana High Court and the Additional DGP (Security) of Punjab.

3)  Alikhan Smailov appointed as new Prime Minister of Kazakhstan

•The parliament of Kazakhstan has unanimously approved the appointment of Alikhan Smailov as the new Prime Minister of the country. His name was nominated by Kazakh President Kassym-Jomart Tokayev on January 11, 2022. Prior to this, the 49-year-old Smailov served as the country’s finance minister from 2018 to 2020. He became the first deputy prime minister in the Cabinet in 2019.

4)  Henley Passport Index 2022: India Ranks 83rd in Q1

•India has improved its position by seven places to rank at 83rd place among 111 countries in the latest Henley Passport Index, released for Q1 of 2022. India ranked at 90th spot among 116 countries in Q4 of 2021 in October. The Indian passport has visa-free access to 60 destinations worldwide in Q1 2022, as compared to 58 destinations in Q4 of 2021. Oman and Armenia are the latest destinations where Indian passport holders can visit without obtaining a visa.

On a global level:

•Japan and Singapore have retained the joint top position in the Henley Global Mobility Report 2022 Q1. Their passports holders are allowed to travel visa-free to 192 countries. Afghanistan has the world’s least powerful passports, with a visa-free score of 26.

5)  UBS Projects India’s GDP forecast at 9.1% in FY22

•Swiss brokerage UBS Securities has lowered the growth forecast of the Indian economy for the current financial year (FY22) to 9.1 per cent due to a massive surge in Omicron infections. Earlier this was estimated at 9.5 per cent. However, UBS Securities has revised upwards the real GDP forecast of India in FY23 to 8.2 per cent. This was projected at 7.7 per cent earlier.

6)  World Bank projects India’s GDP growth at 8.3% in FY22

•The World Bank has projected the Indian economy to grow at the following rate in its ‘Global Economic Prospects’ report released on January 11, 2022. The World Bank retained its FY22 growth forecast for India at 8.3 per cent but upgraded it to 8.7 per cent for FY23, from 7.5 per cent estimated earlier, citing improving growth prospects, especially a reviving private capex cycle.

•The forecast for FY2022/23 and FY2023/24 for India has been upgraded to 8.7 per cent and 6.8 per cent, respectively, reflecting higher investment from the private sector and in infrastructure, and dividends from ongoing reforms.

World Bank has lowered the Global economy growth rate as follows:

•2021 – 5.5 per cent

•2022 – 4.1 per cent

•2023 – 3.2 per cent

7)  Centre will hold 35.8% stakes of Vodafone Idea in the form of equity

•The Central Government of India is set to become the largest shareholder in Vodafone Idea. The company’s board approved the conversion of Rs 16,000 crores in interest into equity. India’s third-largest network Vi or Vodafone Idea Limited (VIL) has approved the interest on the spectrum and Adjusted Gross Revenue (AGR) dues into government equity.

•VIL accepted a four-year moratorium as well as accepted the equity conversion, which means the Indian government will own almost 35.8% of VIL’s stake followed by Vodafone Group which owns 28.5% and 17.8% by Aditya Birla Group.

8)  A book on Arundhati Bhattacharya “Indomitable: A Working Woman’s Notes on Life, Work and Leadership” released

•HarperCollins is set to publish “Indomitable: A Working Woman’s Notes on Life, Work and Leadership” the autobiography of Arundhati Bhattacharya, retired Indian banker and former first-ever woman Chairperson of the State Bank of India. Indomitable features the story of Arundhati Bhattacharya’s life as a banker and the difficulties she faced in the male-dominated sector. She is the chairperson and the Chief Executive Officer (CEO) of salesforce India, a cloud-based Software as a service (SaaS) company headquartered in San Francisco, California, United States of America.

9)  RajKummar Rao named as brand ambassador of RenewBuy

•RenewBuy, an online insurance platform, has appointed Rajkummar Rao as the brand ambassador for its 1st 360-degree consumer advertising campaign that highlights consumers’ insurance needs. The campaign was designed and conceptualised by Havas Worldwide India. “Smart Tech, Right Advice” is the theme of the campaign. This program aims to increase the spread of insurance policies digitally for consumers from any part of the country.

10)  Tata group replaces Chinese mobile manufacturer Vivo as IPL title sponsor

•The Board of Control for Cricket in India (BCCI) has informed that Tata group has replaced Chinese mobile phone manufacturer Vivo as the title sponsor of the Indian Premier League (IPL) for the 2022 and 2023 seasons. The multinational conglomerate will pay Rs. 300 crore per year as the title sponsor of IPL for the next two seasons. This is about 60% of what Vivo would have paid.

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📰 Let ‘compete and conquer’ motto be your guiding principle, Prime Minister Modi tells youth

1)  National Youth Day2022: Nation Observes National Youth Day On January 12

•In India, the National Youth Day is celebrated on 12 January annually to commemorate the birth anniversary of Swami Vivekananda. The main aim behind this is to make sure that the students across the country can be encouraged to learn about the life, the ideas and philosophy of Swami Vivekananda and apply them in their lives.

•In 2022, we are observing the 159th birth anniversary of Swami Vivekanand (12 January 1863). The theme for National Youth Day 2022 is The Theme of 2022 is “It’s all in the mind.”

2)  India’s first heli-hub to be set up in Gurugram

•Haryana Deputy CM Dushyant Chautala announced that Gurugram will get India’s 1st heli-hub with all aviation facilities. The heli-hub will be the first of its kind in India to have all facilities at one place for helicopters. The heli-hub is proposed to be built in Gurugram & would be near the metro facility along with easy connectivity to industrial areas (Noida & Bhiwadi).

•The Haryana government has proposed to set up the first heli-hub of the country in Gurugram designed to have many aviation facilities like heliport, hangars, repairs, and any other related services.

3)  9th edition of North East Festival concludes

•The 9th edition of the North East Festival concluded in Guwahati, Assam. The main purpose of this festival is to promote and highlight the commercial and tourism potential of the North East region. The festival was organised in the format of a carnival with live music and dance performances, engaging the visitors throughout the day in the open area while serious discussions on business, economic, socio-political issues of the region engrossed the intellectuals in the conference halls.

•The festival aimed at integrated marketing of the entire North-East to attract tourists and investments. The closing day was graced by Assam’s Agriculture Minister Atul Bora, who interacted with entrepreneurs participating from across the North-East region.

4)  India successfully test-fires naval variant BrahMos cruise missile

•Defence Research and Development Organisation (DRDO) successfully test-fired an extended range sea-to-sea variant of the BrahMos supersonic cruise missile for the Indian Navy. This advanced sea to sea variant of BrahMos Supersonic Cruise missile was launched from INS Visakhapatnam, a stealth guided-missile destroyer of the Indian Navy.

5)  Indian Railways launches Mission Amanat to help passengers track their lost belongings

•The Railway Protection Force (RPF) of the Western Railways zone of Indian Railways has launched a new initiative called “Mission Amanat” to make it easier for railway passengers to get back their lost luggage. Under Mission Amanat, the details of lost luggage and belongings along with photos will be uploaded on the official website of the zonal railway, https://wr.indianrailways.gov.in/. This will help the passengers in tracking and getting back their lost belongings as well as ensure the safety and security of passengers and their luggage and belongings.

6)  Pierre-Olivier Gourinchas appointed as next IMF’s Chief Economist

•French-born economist Pierre-Olivier Gourinchas has been named as the next chief economist of the International Monetary Fund (IMF). He will succeed Gita Gopinath, the first woman to serve as the Fund’s chief economist. He will take over as first deputy managing director of IMF from January 21 2022. Initially, Gourinchas will join the IMF on a part-time basis from January 24, 2022. He will take upon a role on a full-time basis from April 1, 2022.

7)  Kochi became India’s first city to have a Water Metro Project

•Kochi, Kerala has become India’s first city to have a Water Metro Project after the launch of its first boat in December 2021, namely ‘Muziris,’ among the 23 battery-powered electric boats being manufactured by Cochin Shipyard Limited. This launch is a part of the Rs 747-crore project which is operated by Kochi Water Metro Ltd (KWML). The boats will be called Water Metros.

•With a total outlay of Rs 819 crore, the project’s major part is financed under Indo-German Financial Cooperation through a long-term loan agreement of 85 million Euros (Rs 579 crore) with the German funding agency, KfW (Kreditanstalt für Wiederaufbau).

8)  India Skills 2021 competition concluded

•India Skills 2021 national competition concluded with more than 200 participants who were felicitated by the Ministry of Skill Development and Entrepreneurship. As many as 270 winners of the Competition felicitated with 61 gold, 77 silver, 53 bronze and 79 medallions of excellence. More than five hundred competitors from across the country participated in the competition to showcase their talent from 54 industrial sectors. These sectors include car paint, patisserie and confectionery, welding, additive manufacturing, cyber security, floristry, among others.

9)  Actress Harshaali Malhotra awarded 12th Bharat Ratna Dr Ambedkar Award 2022

•The 2015 film Bajrangi Bhaijaan fame actress, Harshaali Malhotra has been awarded the 12th Bharat Ratna Dr Ambedkar Award 2022. She received the award from Shri Bhagat Singh Koshyari, Governor of Maharashtra, for her commendable performance in the movie and contribution in the field of Indian Cinema. The Government of Maharashtra organised the Bharat Ranta Dr Ambedkar national Awards 2022 ceremony in the memory of Dr Babasaheb Bhimrao Ambedkar as a part of the upcoming 73rd Republic Day.

10)  New Zealand spinner Ajaz Patel wins ICC Player of the Month Award

•India-born New Zealand cricketer Ajaz Patel has won the ICC Player of the Month award for December following his stupendous 10-wicket haul against Virat Kohli and Co. in the second Test in Mumbai. The left-arm spinner was nominated for the award alongside India opener Mayank Agarwal and Australian pacer Mitchell Starc but beat them to it on the back of his incredibly rare feat.

•Ajaz picked up 14 wickets in the Mumbai Test match in early December against India, including all 10 in the first innings, to become only the third player in Test history, after Jim Laker and Anil Kumble, to achieve the remarkable milestone.

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📰 India’s passport rank improves to 83 from 90