Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 11 February 2022, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.
Daily Current Affairs 11 February 2022
RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.8 percent.
Reserve Bank of India conducted the 6th and the last Monetary Policy Committee (MPC) meeting for 2021-22 between February 8-10, 2022. Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.
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 7.8 per cent. For the current fiscal year, RBI projected real GDP growth of 9.2 per cent and expects that it will take the economy above the pre-pandemic level. For the current fiscal year, RBI retained its retail inflation projection at 5.3 per cent.
RBI reopens Voluntary Retention Route (VRR) with an investment limit of ₹2,50,000 crore
The Reserve Bank of India introduced the Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors (FPIs) on March 01, 2019. An amount of ₹1,50,000 crore was offered for investment through VRR, in three tranches so far; of which around ₹1,49,995 crore have been availed as on February 10, 2022.
Now RBI has increased this investment limit in VRR from Rs. 1,50,000 crore to Rs. 2,50,000 crore. The increased investment limits shall be open for allotment from April 01, 2022.
Minimum retention period: 3 years
The investment limit available for fresh allotment shall accordingly be ₹1,04,800 crore.
Pradip Shah appointed as Chairman of Pfizer India
Pradip Shah has been appointed as the Chairman of Pfizer India. He has replaced R A Shah as the chairman who resigned on February 3.
He is the ex-managing director and a founding member of Crisil. Prior to founding Crisil, he assisted in founding HDFC in 1977. He has also served as a consultant to USAID, the World Bank, and the Asian Development Bank.
Surat to get India’s 1st bullet train station
First glimpses of India’s first Bullet Train station in Surat are finally out. The Ministry of Railways on February 10, shared the graphical representation of Surat’s Bullet Train station to be constructed between Mumbai- Ahmedabad route.
National High-Speed Rail Corporation Ltd (NHSRCL) will be constructing this project that is scheduled to be completed by December 2024. The cost of the project is estimated to be more than ₹1 lakh crore of which ₹88,000 crores will be funded by the Japan International Cooperation Agency (JICA).
Book titled “Atal Bihari Vajpayee” authored by Sagarika Ghose launched
Book titled “Atal Bihari Vajpayee” authored by Sagarika Ghose has been launched. It is a biography on the former Prime Minister of India.
Sagarika Ghose is a senior journalist and columnist. She is the author of the bestselling biography Indira: India’s Most Powerful Prime Minister and the polemical work Why I Am a Liberal: A Manifesto for Indians Who Believe in Individual Freedom. She is also the author of two novels, The Gin Drinkers and Blind Faith. –This text refers to the hardcover edition.
Ahmedabad IPL franchise names as ‘Gujarat Titans’; Hardik Pandya to be the captain
The Ahmedabad-based IPL franchise, bought by CVC Capital, will be officially known as the Gujarat Titans. Hardik Pandya has been declared as the Captain of this team.
Earlier in January 2022, Lucknow’s IPL team was named as “Lucknow Super Giants” by its owner RPSG Group.
International Day of Women and Girls in Science: 11 February 2022
International Day of Women and Girls in Science is observed every year on 11 February to achieve full and equal access to and participation in science for women and girls. The 7th International Day of Women and Girls in Science Assembly, taking place on 11 February 2022, aims to recognize the role of women and girls in science, not only as beneficiaries but also as agents of change, including in view of accelerating progress towards the achievement of SDG 6 (Clean Water and Sanitation).
The Day is implemented by UNESCO and UN-Women in collaboration with institutions and civil society partners that aim to promote women and girls in science.
The 2022 theme of the Day is: “Equity, Diversity, and Inclusion: Water Unites Us”
World Unani Day: 11 February
World Unani Day has observed every year on 11th February. The main objective of World Unani Day is to spread awareness about health care delivery through the Unani system of medicine through its preventive and curative philosophy. This day is celebrated every year to mark the birth anniversary of great Unani scholar and social reformer Hakim Ajmal Khan. The first Unani Day was celebrated in 2017 at Central Research Institute of Unani Medicine (CRIUM), Hyderabad.
Praveen Kumar Sobti, who played role of Bheem in Mahabharat passes away
Athlete-turned actor Praveen Kumar Sobti, who found fame as Bheem in BR Chopra’s iconic TV series Mahabharat, died at the age of 74 years on Monday night at his Delhi residence.
He was also an athlete and represented India for many games like hammer and discus throw and won four medals at the Asian Games, including two gold medals in 1966 and 1970.
Bloomberg Billionaires Index: Gautam Adani overtook Mukesh Ambani
Businessman Gautam Adani overtook Reliance Industries Chairperson Mukesh Ambani as Asia’s richest person, according to the Bloomberg’s Billionaires Index. In accordance with the Bloomberg Billionaires Index, Gautam Adani net worth reached $88.5 billion overtaking Mukesh Ambani’s $87.9 billion becoming Asia’s richest person as on 8th February 2022.
With a nearly $12 billion jump in his personal wealth, he has become the 10th richest person in the world.
Globally Elon Musk was named as the world’s richest person with a total net worth of $235 Billion. He was followed by Jeff Bezos with a total net worth of $183 Billion & Bernard Arnault with a total net worth of $168 Billion.
