Daily Current Affairs and GK | 1 February 2022

By PendulumEdu | Last Modified: 28 Feb 2022 19:57 PM IST

Use Coupon code JUNE2024

six months current affairs 2023 july december Rs.199/- Read More
half yearly financial awareness july december 2023 Rs.199/- Read More
half yearly current affairs jan july 2023 in detail Rs.219/- Read More
half yearly current affairs jul dec 2023 in detail Rs.219/- Read More

Half Yearly (Jul- Dec 2023 , Detailed)
2023 e Book

Current Affairs

Available in English & Hindi(eBook)

Buy Now ( Hindi ) Preview Buy Now (English)

Topic: Awards and Prizes

1. PR Sreejesh wins World Games Athlete of the Year Award.

  • Indian hockey goalkeeper PR Sreejesh won the prestigious ‘World Games Athlete of the Year award 2021’ for his performance.
  • He becomes the second Indian to win the World Games Athlete of the Year Award.
  • His name was recommended by the International Hockey Federation (FIH).
  • Rani Rampal was the first Indian to win this honour for her performance in 2019.
  • PR Sreejesh won the award by defeating Alberto Gins Lopez of Spain and wushu player Michele Giordano of Italy in the competition.
  • PR Sreejesh is a former hockey captain and was part of the Tokyo Olympics-bronze medal winning team. He has represented India in 244 international matches.

Topic: Art and Culture

2. Spituk Gustor Festival 2022 starts in Ladakh.

  • Spituk Gustor Festival 2022 has started in Ladakh. The festival is the annual celebration of Ladakhi culture and traditional heritage.
  • It is yearly festival of Spituk Monastery. Colourful mask dance performed by monks of the monastery are main attraction of the festival.
  • Colourful mask dance is locally called Chams.
  • Monks of Spituk Monastery perform the dance in the robes depicting different deities such as Mahakala (Gonbo), Paldan Lhamo (Shridevi) and White Mahakala.
  • The mask dance started with Serskam followed by Hashang Hatuk, Six Arms Mahakala, Paldan Lhamo, Shawa and Janak Chams.
  • Thangka (painting) of Je Tsongkhapa was displayed for general public to watch during the festival. Je Tsongkhapa is the founder of Gelukspa Sect of Mahayana Buddhism.
  • It is believed that harsh winter weather starts getting warmer and pleasant after this festival.
  • Spituk Monastery is a Buddhist monastery in Spituk, Leh district, Ladakh. It is also known as Spituk Gompa or Pethup Gompa.

Topic: International News

3. Italian President Sergio Mattarella gets elected for a second term.

  • Italian President Sergio Mattarella has got elected for a second term.
  • The pledging ceremony for Mattarella is expected to be held on 03 February 2022, when his first term officially ends.
  • A head of state is rarely elected for a second term in Italy. So far, only Giorgio Napolitano, Mattarella's predecessor, had previously served a second term.
  • Foreign Minister Luigi Di Maio told that the re-election was "a victory for the country." Luigi Di Maio is also a leading figure of Five Star Movement, which is a political party in Italy.
  • Italy:
    • It is a European country with a long Mediterranean coastline.
    • Rome is its capital and largest city. Its currency is Euro. Mario Draghi is its Prime Minister.

Topic: Appointments

4. The term of LIC Chairman MR Kumar extended by center.

  • The term of LIC Chairman MR Kumar has been extended by center by one more year.
  • This is the second extension of MR Kumar’s term. His term was to end on June 30, 2021.
  • But he was given a nine-month extension until March 13, 2022. Now his term has been extended till March 13, 2023.
  • The term of Raj Kumar, Managing Director of LIC, has also been extended by the Centre by one year beyond January 31. 
  • Centre is targeting to raise about Rs 1 lakh crore through LIC initial public offering (IPO).
  • Union cabinet is soon likely to take up the proposal to allow foreign investment in LIC.
  • Though India allows FDI up to 74% in the insurance sector, this does not apply to LIC. LIC is governed by LIC Act.
  • Life Insurance Corporation (LIC):
    • It was formed in September 1956. Government of India completely (100%) owns LIC.  It is headquartered in Mumbai.
    • Its slogan is yogakshemam vahamyaham (Your welfare is our responsibility).

Topic: State News / Tamil Nadu

5. Tamil Nadu has prepared a draft policy for senior citizens.

  • In view of the rapid demographic change in the state, the Tamil Nadu Government has prepared a draft policy for older persons.
  • It is planning to collaborate with field experts, academic institutions, and civil society organisations working for the welfare of senior citizens.
  • In addition, the establishment of a Directorate for the Welfare of Senior Citizens is also planned.
  • The draft document is based on Article 41 of the Constitution.
  • The article 41 states that the state is to secure the right to work, education, and public assistance in cases of unemployment, old age, illness, and disability.
  • Tamil Nadu had 13.6 percent senior citizens last year, according to the report Elderly in India, 2021 released by the Ministry of Statistics and Programme Implementation.
  • It is projected to have the second-largest proportion of people aged 60 years and above in Tamil Nadu (after Kerala), with 18.2% in 2031.
  • The policy has also envisaged the introduction of livelihood training and capacity building for active senior citizens.

Topic: State News / Madhya Pradesh

6. First geological park to be built in Madhya Pradesh.

  • The country's first geopark will be built in Lamheta village on the banks of the Narmada River in Madhya Pradesh's Jabalpur district.
  • The park has received approval from the Geological Survey of India, which is part of the Ministry of Mines of the Government of India.
  • This project is estimated to cost 35 crores and will be constructed over five acres of land.
  • This site is already on the UNESCO geo-heritage tentative list for natural heritage conservation.
  • Military officer William Sleeman had collected the first dinosaur fossil from the Lameta Bed in 1828.
  • At a cost of Rs 15.20 crore, a science center would be built in Bhedaghat, also in the Jabalpur district.
Related Study Material
Evolution and History of the Indian Constitution Preamble of the Indian Constitution
Major sources of Indian Constitution President of India
Governor of a State Joint Military Exercises of India with other Countries
Indus Valley Civilization Padma Awardees 2021 Winners

Topic: Important Days

7. Indian Coast Guard’s 46th Raising Day: 01 February, 2022.

  • Indian Coast Guard’s 46th Raising Day is being celebrated on 01 February 2022.
  • Indian Coast Guard had just seven surface platforms in 1978. Now, it has 158 ships and 70 aircrafts.
  • It is likely to have 200 surface platforms and 80 aircrafts by 2025. It is the fourth largest Coast Guard in the world.
  • Indian Coast Guard:
    • It is an armed force, maritime, search and rescue, and law enforcement agency.
    • It works under the Ministry of Defense. It is headquartered in New Delhi.
    • It was formally established on 1 February 1977.

46th Raising Day

(Source: News on AIR)

Topic: Indian Economy

8. Agile approach is the central theme of the Economic Survey 2021-22.

  • The art and science of policy making in situations of extreme uncertainty is another theme covered in this Economic Survey.
  • The Preface of Economic Survey 2021-22 takes a bird’s eye view of evolution of the Economic Surveys presented since the first Survey in 1950-51.
  • In recent years, the Economic Survey used to be presented in the form of two volumes.
  • This has been changed in this Economic Survey to a single volume and a separate volume for the Statistical Appendix.
  • Economic survey:
    • Department of Economic Affairs under the Ministry of Finance each year prepares an economic survey. It is prepared under Chief Economic Adviser.
    • Finance Minister each year presents the economic survey in Parliament. It provides details about the state of the economy and the financial performance of the government.

Topic: Indian Economy

9. Nirmala Sitharaman presented Economic Survey 2021-22.

  • Finance Minister Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament.
  • The highlights of the Economic Survey are as follows:
  • State of the Economy:
    • GDP will grow by 8- 8.5 percent in 2022-23 and 9.2 percent in 2021-22.
    • In 2021-22, agriculture and allied sectors will grow by 3.9 percent, and the industry and service sectors will grow by 11.8 percent and 8.2 percent respectively.
    • Consumption will grow by 7.0 percent and Gross Fixed Capital Formation (GFCF) grow by 15 percent.
    • In 2021-22, Export and import will grow by 16.5 percent and 29.4 percent respectively.
    • High foreign exchange reserves, foreign direct investment, and export earnings will provide protection against possible global liquidity tapering in 2022-23.
  • Fiscal Developments:
    • During April to November 2021, Gross Tax Revenue has increased by 50 percent.
    • The revenue receipts of the Central Government has also increased by 67.2%.
    • In 2020-21, the Central Government debt has increased from 49.1 percent of GDP to 59.3 percent of GDP.
  • External Sectors:
    • India’s external debt has rose to US $ 593.1 billion by September 2021.
    • Foreign Exchange Reserves touched the US $ 633.6 billion till 31 December 2021.
    • At present, India has the fourth largest forex reserves after China, Japan, and Switzerland.
  • Prices and Inflation:
    • In 2021-22 (April to December), Food inflation averaged at a low of 2.9 percent.
    • Effective supply-side management kept the prices of commodities under control.
    • Wholesale inflation rose to 12.5 percent during 2021-22.
    • The average headline CPI-Combined inflation remain 5.2% in 2021-22 (April-December).
  • Sustainable Development and Climate Change:
    • India’s overall score on the NITI Aayog SDG India Index and Dashboard has improved. It has reached 66 in 2020-21 from 60 in 2019-20.
    • India ranked third globally in increasing its forest area during 2010 to 2020. India has the tenth largest forest area in the world.
  • Industry and Infrastructure:
    • Index of Industrial Production (IIP) has grown by 17.4 percent as compared to last year.
    • Production Linked Incentive (PLI) scheme provided support to industries,
    • Service Sector GVA is expected to grow by 8.2 percent in 2021-22.
    • India has become 3rd largest start-up ecosystem in the world after US and China.
  • Social Infrastructure and Employment:
    • Expenditure on social services by center and state has increased by 6.2 % in 2014-15 to 8.6% in 2021-22.
    • Total Fertility Rate (TFR) came down to 2 in 2019-21.
    • Employment in the urban sector affected by pandemic has recovered almost to the pre-pandemic level.

Economic Survey 2021-22

(Source: PIB)

Topic: Infrastructure and Energy

10. 16 new airports will be built in five states of central India.

  • Union Minister of Civil Aviation Jyotiraditya M. Scindia announced that 16 new airports will be built in Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Rajasthan, and Maharashtra.
  • In Madhya Pradesh, an airport will be built at Rewa, Ambikapur. New Airport will be also built at Bilaspur and Jagdalpur in Chhattisgarh.
  • Nine airports will be built in Uttar Pradesh, one in Rajasthan, and two in Maharashtra.
  • Jyotiraditya M. Scindia addressed the PM-Gati Shakti Central Zone Conference.
  • PM Gati Shakti:
    • Its main aim is to synergize the infrastructure projects of all key infrastructure Ministries including Railways, Roadways, Waterways, and Aviation.
    • It will help in better planning and execution of nation-wide infrastructure projects and bring more investment in the country.
    • It envisages multi-modal connectivity, economic zones, industrial zones, agriculture zones, cargo zones, and smart cities.

Topic: Indian Economy

11. Economic Survey forecasted 8%-8.5% growth in 2022-23.

  • The Economic Survey for 2021-22 has projected that the GDP will grow by 9.2% in the current financial year and 8% to 8.5% in 2022-23.
  • Widespread vaccine coverage, gains from supply-side reforms, easing of regulations, robust export growth will support growth in 2022-23.
  • The Survey also highlighted the emerging challenge such as high inflation in most countries, spread of COVID-19 variants, and the cycle of liquidity withdrawal being initiated by major central banks.
  • The Survey conceded that private consumption and segments such as travel, trade, and hotels are yet to fully recover.
  • India’s investment to GDP ratio has touched 29.6% in 2021-22, the highest level in the last seven years.
  • High global commodity prices, higher domestic demand, and growing uncertainty in capital flows can further widen the current account deficit.
  • Agriculture and allied sectors is the least impacted by the pandemic and the sector is expected to grow by 3.9 percent in 2021-22.
  • The Services sector has been the hardest hit by the pandemic and is expected to grow by 8.2 percent in 2021-22.
  • Total consumption is expected to increase by 7% in 2021-22, with significant contributions of government spending.

Topic: MoUs/Agreements/

12. IREDA and Goa Shipyard Ltd inked MoU for Rooftop Solar Power Project.

  • Indian Renewable Energy Development Agency (IREDA) and Goa Shipyard Ltd signed MoU to set up a rooftop solar power project.
  • IREDA will assist GSL to set-up a rooftop solar power project at the headquarter of the company in Vasco da Gama.
  • Under this MoU, IREDA will provide technical support to GSL for rooftop solar and other projects as per the international standards.
  • The partnership will bring expertise from both companies to one place.
  • The government has aim to produce 40 GW of solar power through rooftop solar projects by the end of 2022.
  • This is the seventh MoU signed by IREDA in the last 14 months to provide consultancy services.
  • Indian Renewable Energy Development Agency Ltd. (IREDA):
    • It is a Mini Ratna (Category – I) Enterprise.
    • It is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987.
    • It provides financial support to specific projects and schemes for generating electricity through new and renewable sources.

Topic: State News/ Manipur

13. Manipur gets freight train connectivity for the first time.

  • The first freight train reached the Rani Gaidinliu station of Manipur on 27 January.
  • Manipur gets freight train connectivity for the first time in the last 75 years.
  • Recently, a passenger train from Silchar in Assam reached the Bongaichungpao railway station in Manipur for the first time.
  • Freight train connectivity will boost transportation of goods and promote economic activities in the northeast region.
  • The government has allocated Rs 7,000 crore for the ongoing railway projects in the northeast.
  • The Jiribam-Imphal new line project in Manipur will connect Imphal with Guwahati.

Topic: Books and Author

14. Kiran Bedi released a new book ‘Fearless Governance’.

  • Kiran Bedi has written a new book titled ‘Fearless Governance’. It is unveiled by Indra Nooyi and Prof Debashis Chatterjee.
  • In this book, she has penned down her journey of governance.
  • She has also written about the innovative initiatives started by her in Puducherry.
  • It is published by Diamond Books and it will be translated in all major Indian languages.





Share Blog