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Daily Current Affairs – 09 April 2022

This post contains the current affairs for 09 April 2022. These current affairs are important for banking exams, insurance exams and other competitive exams like IBPS PO and Clerk, SBI PO and Clerk, RBI Assistant and Grade B, etc. You can also attempt our Current Affairs Quiz after reading our daily current affairs.

Banking & Economy

RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.2 percent

The Reserve Bank of India conducted its first Monetary Policy Committee (MPC) meeting for 2022-23 between April 6- 8, 2022.
Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent. Various rates are as under:
- Policy Repo Rate : 4.00%
- Reverse Repo Rate : 3.35%
- Marginal Standing Facility Rate : 4.25%
- Bank Rate : 4.25%
- CRR : 4.00%
- SLR : 18.00%
The MPC decided to continue with the accommodative stance.
RBI has projected the real GDP growth for 2022-23 at 7.2 per cent.
The next meeting of the MPC is scheduled during June 6-8, 2022.

RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank

The Reserve Bank of India has imposed a penalty of Rs 93 lakh each on Axis Bank and IDBI Bank for non-compliance of certain directions issued by RBI.
A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for violating certain provisions on loans and advances, Know Your Customer (KYC) guidelines and ‘levy of penal charges non-maintenance of minimum balances in savings bank accounts.
The IDBI Bank has been slapped a fine of Rs 93 lakh for non-compliance of directions on ‘frauds – classification and reporting by commercial banks and select financial institutions’, violating norms on ‘strengthening the controls of payment ecosystem between sponsor banks and corporate customers like SCBs/UCBs’ and ‘cyber security framework.’

SEBI Sets up two separate panels to review ownership norms of Sponsor and Trustees

The Securities and Exchange Board of India (SEBI) has set up two separate Expert Groups to examine the roles, eligibility criteria and functions of sponsors and trustees at asset management companies (AMCs).
A sponsor is like a promoter who brings in the capital for setting up an AMC.
Trustee plays a supervisory role and is tasked with protecting investors interest.
The working group on Sponsors will be chaired by Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC.
The working group on MF trustees will be chaired by Manoj Vaish, Independent Trustee, Mirae MF.

National

DRDO successfully flight-tests Solid Fuel Ducted Ramjet (SFDR) technology off Odisha coast

The Defence Research and Development Organisation (DRDO) successfully flight tested “Solid Fuel Ducted Ramjet” (SFDR) booster on April 08, 2022, at the Integrated Test Range (ITR), Chandipur off the coast of Odisha.
The test met all the mission objectives.
The SFDR-based propulsion enables the missile to intercept aerial threats at very long range at supersonic speeds. It has an extremely high projected range of 350 km.
The SFDR has been developed by Defence Research and Development Laboratory, Hyderabad in collaboration with other DRDO laboratories such as Research Centre Imarat, Hyderabad and High Energy Materials Research Laboratory, Pune.

Cabinet approves extension of Atal Innovation Mission (AIM) till March 2023

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved continuation of Atal Innovation Mission (AIM) for a further period till March 2023.
A total budget expenditure of more than Rs 2000 crore has been allocated for 2022-23.
The objectives of the AIM is to create and promote an ecosystem of innovation and entrepreneurship across the country through interventions at school, university, research institutions, MSME and industry levels.
The Mission was set up under the NITI Aayog, in accordance with the Finance Minister’s declaration in the 2015 Budget Speech.

AAI launches ‘AVSAR’ Scheme to provide platform to SHGs for promotion of local artisans and products

The Airport Authority of India (AAI) has launched an initiative “AVSAR” to encourage the talent of women, artisans and craftsmen and provide them with the right opportunities.
AVSAR stands for ‘Airport as Venue for Skilled Artisans Of The Region’.
Under AVSAR initiative, AAI will allocate space to Self Help Groups (SHGs) at its airports for selling/showcasing the self-made products of their region.
An area of 100-200 square feet has been earmarked at each AAI operated airport for this.
The space will be allotted to the self- help groups, turn on turn basis, for a duration of 15 days.

Ministry of I&B Constitutes Animation, Visual Effects, Gaming and Comics (AVGC) Promotion Task Force, headed by Secretary, MoI&B

The Ministry of Information and Broadcasting has constituted an Animation, Visual Effects, Gaming and Comics (AVGC) Promotion Task Force has been constituted to promote the AVGC sector in the country.
The AVGC Promotion Task Force shall be headed by Secretary, Ministry of Information & Broadcasting.

Geetanjali Shree’s novel ‘Tomb of Sand’ becomes first Hindi novel to get shortlisted for International Booker Prize

In the history of International Booker Prize, a novel ‘Tomb of Sand’, authored by Geetanjali Shree, has become the first Hindi language work of fiction to be shortlisted for the prestigious literary prize.
The novel has been translated into English by Daisy Rockwell.
The book Tomb of Sand will compete with five other novels from around the world.
The literary prize comes with cash award of 50,000 pounds, which is split equally between the author and translator.

Award

Picture Of Dresses Drapped On Crosses by Amber Bracken Wins 2022 World Press Photo of the Year

A photograph by Canadian photographer Amber Bracken titled “Kamloops Residential School” has won the 2022 World Press Photo of the Year award.
The photo shows children’s clothing hung on crosses commemorating the more than two hundred children who died of maltreatment, neglect and disease at the Kamloops Indian Residential School in British Columbia.
The annual World Press Photo of the Year award is part of the World Press Photo Awards, organized by the Dutch foundation World Press Photo.
The award rewards photographers for the best single exposure pictures contributing to the past year of visual journalism.

Days

CRPF Valour Day 2022: 09 April

The Central Reserve Police Force (CRPF) Valour Day (Shaurya Diwas) is observed on 9 April every year, as a tribute to the brave men of the Force.
2022 marks 57th CRPF Valour Day.
It was on this day in 1965, a small contingent of CRPF created history by defeating an invading Pakistani army, several time larger, at the Sardar Post located in the Rann of Kutch, Gujarat.
The CRPF men eliminated 34 Pakistani soldiers and captured four alive.
In the conflict, CRPF lost six personnel who had attained martyrdom.