CA SURAJ SATIJA SSGURU CSCARTINDIA

INTERNATIONAL AND NATIONAL AFFAIRS

INTERNATIONAL MONETARY FUND

 Amount available for lending : $ 1 trillion

 Recipient Countries of emergency pandemic financing : 76
 First Deputy Managing Director Geoffrey Okamoto to Leave IMF, Gita Gopinath to Be IMF’s
New First Deputy Managing Director (FDMD)

India at a Glance (INTERNATIONAL MONETARY FUND)

 2022 Projected Real GDP (% Change) : 9.0*

 Date of Membership : December 27, 1945
 Article IV/Country Report : October 15, 2021
 Special Drawing Rights (SDR) : 13656.65 million
 Quota (SDR) : 13114.4 million
 Number of Arrangements since membership : 7
*GDP Data from January 2022 World Economic Outlook Update
 H.E. Dato Lim Jock Hoi is the Secretary General of ASEAN.
 President Joe Biden will host the leaders of the Association of Southeast Asian Nations
(ASEAN) – most likely minus Myanmar – at a special summit in Washington, D.C. later this
month, the White House announced.
 18th India-ASEAN Summit
 The 18th India-ASEAN summit was held on 18 October 2021 in Bangkok, Thailand. The
Summit was held virtually and saw participation from the Leaders of ASEAN Member
States.
 13th BRICS Summit
 The 13th BRICS Summit was held under India’s Chairship on 09 September 2021. It was
third time that India hosted the BRICS Summit after 2012 and 2016. The theme of the
Summit, chosen by India, was, BRICS@15: Intra-BRICS Cooperation for Continuity,
Consolidation and Consensus.
 H.E. Esala Ruwan Weerakoon of Sri Lanka assumed office of the Secretary General of the
South Asian Association for Regional Cooperation (SAARC) on 01 March 2020.
 SAARC Chairmanship
 Current Chair : Nepal

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 The 17th Group of 20 (G20) Heads of State and Government Summit will take place in
October 2022 in Bali, Indonesia.
 Under the Indonesian Presidency, the G20 in 2022 will focus on the theme “Recover
Together, Recover Stronger”.
 Government aims at industry integration with East, South-East Asia
 As per the Ministry of External Affairs, the Centre seeks to ensure that industries,
especially those located near the Bay of Bengal, become a part of the regional value chains
that are in operation the east and south-east Asia. Such integration is the best way to
leverage the advantage of the North-eastern part of the country and foster rapid
industrialisation.
 The 5th Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic
Cooperation (BIMSTEC) is to be held at the end of March in Colombo.
 The International Finance Corporation (IFC) is a sister organization of the World Bank and a
member of the World Bank Group is the largest global development institution focused
exclusively on the private sector in developing countries. The Bank Group has set two goals
for the world to achieve by 2030:

1. End Extreme Poverty; and

2. Promote shared prosperity in every country

 The International Finance Corporation (IFC) is an international financial institution that

offers investment, advisory, and asset-management services to encourage private-sector
development in developing countries.
 The IFC is owned and governed by its member countries but has its own executive leadership
and staff that conduct its normal business operations.
 It is a corporation whose shareholders are member governments that provide paid in capital
and have the right to vote on its matters.
 The Asian Development Bank (ADB) was conceived in the early 1960s as a financial
institution that would be Asian in character and foster economic growth and co-operation in
one of the poorest regions in the world.
 The Asian Development Bank (ADB) envisions a prosperous, inclusive, resilient, and
sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty in
the region.

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 ADB assists its member and partners, by providing loans, technical assistance, growth and
other equity investments to promote social and economic development ADB is composed of
68 members 49 of which are from Asia and the Pacific region.
 As a multilateral development finance institution, ADB provides:
• loans
• technical assistance
• grants
 Niti Aayog developing National Gender Index
 Niti Aayog said the index will serve as a tool to map the progress of states and Union
Territories (UTs) on defined gender metrics and build the foundation for positive change.
 Governors and Deputy Governors

 With an objective to provide protection to investors, Finance Minister Nirmala Sitharaman

in the Union Budget 2021-22 had proposed to introduce an investor charter as a right of all
financial investors across all financial products.
 It comprises of rights & responsibilities of investors as well as do’s & don’t’s of investing in
securities market.
 The charter will ensure that SEBI-registered intermediaries or regulated entities stick to
their investor charters including grievance redressal mechanism.
 The Competition Commission of India holds the 7th National Conference on Economics of
Competition Law on 4th March in virtual mode.
 ICSI has its headquarters at New Delhi, four Regional Offices at New Delhi, Chennai, Kolkata,
Mumbai and 72 Chapters across India.

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 Presently, CS Devendra V. Deshpande is the President and CS Manish Gupta is Vice President,
of the ICSI.
 The 49th National Convention of Company Secretaries was inaugurated on 6th January,
2022, at The Bangalore Palace, Bengaluru.
 World Book Day was created by UNESCO on 23rd April 1995 as a worldwide celebration of
books and reading. It is marked in over 100 countries around the globe.
 Vice President of India M. Venkaiah Naidu has released the Telugu book titled ‘Gandhi Topi
Governor’ by Padma Awardee Dr. Yarlagadda Lakshmi Prasad, Chairman, Official Language
Commission, Andhra Pradesh on December 15, 2021. The book chronicles the life of barrister
Edpuganti Raghavendra Rao.
 Major Dhyan Chand Khel Ratna Award 2021
 Neeraj Chopra = Athletics
 ICC Men's T20 World Cup 2022 Schedule: India to open T20 WC campaign against Pakistan
on October 23 at MCG
 International Mother Language Day is celebrated across the globe on 21st February
 Ministry of Culture celebrates International Mother Language Day as part of Azadi ka Amrit
Mahotsav
 Hindi Diwas is celebrated every year on September 14, marking the significance of the day
when the country's Constituent Assembly adopted Hindi as the official language of India.
 Padma Vibhushan (4)
 Padma Bhushan (17)
 Padma Shri (107)
 Film of the Year Award: Pushpa: The Rise
 Best Film Award: Shershaah

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FINANCIAL AFFAIRS
 Union Budget 2022: Digital Rupee to be introduced by RBI, says FM Sitharaman
 BE(A)WARE – A Booklet on Modus Operandi of Financial Frauds
 The Reserve Bank of India, on March 07, 2021 has released a booklet, “BE(A)WARE” on
the common modus operandi used by fraudsters and precautions to be taken while
carrying out various financial transactions.
 Digital payments through UPI kickstart 2022 on strong foot with transactions worth Rs 8.32
lakh crore in January.
 Inclusion of Sikkim State Co-operative Bank Ltd. in the Second Schedule of the RBI Act.
 Launch of digital payment solution e-RUPI.
 The FI-Index has been constructed without any ‘base year’.
 The annual FI-Index for the period ending March 2021 is 53.9
 Announcement in Union Budget 2022-23
 Effective Capital Expenditure’ of Central Government estimated at Rs. 10.68 lakh crore in
2022-23, which is about 4.1% of GDP.
 Data Centres and Energy Storage Systems to be given infrastructure status.
 Venture Capital and Private Equity invested more than Rs. 5.5 lakh crore last year
facilitating one of the largest start-up and growth ecosystem. Measures are to be taken to
help scale up this investment.
 Introduction of Digital Rupee by the Reserve Bank of India starting 2022-23.
 National Stock Exchange launches NSE Prime
 SEBI Chairman launches “Saa₹thi”

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POLITICAL AFFAIRS
 Jack Dorsey Steps Down as Twitter CEO, Board Unanimously Appoints CTO Parag Agrawal as
Successor (November 29, 2021)
 The Central Government has appointed Sambit Patra as the Chairman of India Tourism
Development Corporation (ITDC).
 DCB Bank appoints Rupa Devi Singh as Chairman after Munjee's retirement.
 Government appoints former civil servant Ravi Mittal as IBBI chairperson
 Appointment of Dr. V Anantha Nageswaran as the Chief Economic Advisor
 Ms. Madhabi Puri Buch takes charge as Chairperson, SEBI
 Chemical free Natural farming to be promoted throughout the county. Initial focus is on
farmer’s lands in 5 Km wide corridors along river Ganga.
 “Kisan Drones” for crop assessment, digitization of land records, spraying of insecticides and
nutrients.
 What is BharatPe?
 BharatPe was founded in 2018 and offers a range of fintech products that cater to small
merchants and also helps them accept digital payments. BharatPe has faciliated the
disbursement of loans totalling over Rs 3,000 crore to its merchants since its launch.
 So what really happened?
 It all began with an audio leak
 Toxic work culture
 God syndrome
Industry experts call this the God syndrome, when one man is single-handedly driving a
company's growth and arrogance gets the better of him.
 The financial irregularities angle
 Signalling bigger problems surrounding the Board of Directors and the Founder,
 Allegation 1: Bharatpe routed money through fake HR consultant firms that were linked
to each other and to Madhuri Jain's brother that were linked to each other and Madhuri
Jain's brother Shwetank Jain.
 Allegation 2 : BharatPe inflated transaction values by some merchants and that some of
these vendors were fake.
 JSW Group joins World Business Council for Sustainable Development

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LEGAL AND OTHER AFFAIRS

 India, Pakistan most vulnerable to climate change: IPCC Report

 Impact on India
 Due to the extreme climatic condition and its impact, the rice production in India can
decrease from 10 percent to 30 percent, whereas the maize production can decrease from
25 percent to 70 per cent., assuming the range of temperature increases from 1 degree to
4 degree Celsius.
 India launched e-AMRIT Portal on electric vehicles at COP26
 India on November 10, 2021, launched an electric vehicle awareness web portal called e-
Amrit at the ongoing COP26 Summit in Glasgow, UK. NITI Aayog Adviser Sudhendu Jyoti
Sinha and the UK High-Level Climate Action Champion Nigel Topping attended the launch
of e-Amrit. The 26th Conference of Parties (COP26) Summit began on October 31, 2021
and will go on till November 12, 2021, in Glasgow, UK.
 e-AMRIT Portal Significance
 The e-AMRIT portal aims to accelerate the initiatives of the government on raising
awareness of electric vehicles and sensitizing consumers on the benefits of adopting
electric vehicles.
 Clean Ganga Mission registered in Guinness Book of World Records on Day 1 of river
festival (Nov.02, 2021)
 The National Mission of Clean Ganga (NMCG) has been registered in the Guinness Book
of World Records on the first day of Ganga Utsav- the River Festival 2021 for the highest
number of photos of handwritten notes that were uploaded on Facebook in an hour.
 Chandrayaan-3 launch scheduled for August 2022: Union Minister Jitendra Singh (Feb. 03,
2022)
 New ISRO Chief: S Somanath appointed as new Chairman of ISRO, succeeds K Sivan
 Indian Parliament has launched the ‘Digital Sansad App’ to make the Parliament proceedings
accessible not just to the members but also to the public at large.
 The Ocean Services, Modelling, Application, Resources and Technology (O-SMART) is a
government scheme that aims at promoting ocean research and setting up early warning
weather systems.
 Indian scientists discover exoplanet 1.4 times bigger than Jupiter (November 18,
2021)

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 A new exoplanet with a mass of 1.5 times that of the Sun and about 1.4 times bigger than
Jupiter has been discovered by the exoplanet search and study group at the Ahmedabad-
based Physical Research Laboratory (PRL). Professor Abhijit Chakraborty led the
discovery team comprising students and international collaborators from the US and
Europe. The exoplanet located at 725 light-years away is the second discovery by the PRL
scientists, the first exoplanet K2-236b at 600 light-years away was discovered in 2018.
 Samudrayaan Mission: India’s first unique manned ocean mission
 Samudrayaan mission is India’s first unique manned ocean mission that aims to send men
into the deep sea in a submersible vehicle for deep-ocean exploration and mining of rare
minerals.