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 4 January 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. Our gkseries team also provides Daily Current Affairs Quiz for these exams.
Daily Current Affairs 4 January 2022
Pakistan all-rounder Mohammad Hafeez announces retirement from international cricket
Pakistan all-rounder Mohammad Hafeez has retired from international cricket after representing the country in 392 matches, bringing curtains on a career of 18 years. Hafeez, however, will continue to play in franchise cricket competitions.
He is nicknamed “The Professor”. The 41-year-old Hafeez retired from Test cricket in December 2018. Hafeez has played 55 Tests, 218 ODIs and 119 T20Is for Pakistan, scoring 12,780 runs across formats.
NTPC plans to buy 5% equity in Power Exchange of India Ltd (PXIL)
NTPC Ltd, a State-owned power generation company has planned to acquire a 5% equity stake in Power Exchange of India Ltd (PXIL). It must be noted that government is planning to expand the share of the spot power market in total electricity supply in India to 25 percent by 2023-24. At present the size of short-term power trading is about 5 percent.
About PXIL:
According to the data available on the portal of the Ministry of Corporate Affairs, the authorized share capital of PXIL, which was incorporated on February 20, 2008, the authorised share capital of the PXIL is Rs 120 crore and paid-up capital is Rs 58.47 crore.
Atul Kumar Goel takes charge as ‘officer on special duty’ in PNB
Atul Kumar Goel has assumed the charge as an ‘officer on special duty, before taking over as its new MD and CEO next month with effect from January 1, 2022.
Atul Kumar Goel will replace S S Mallikarjuna Rao as the MD and CEO of Punjab National Bank on February 01, 2022 as Mr. Rao superannuates on January 31, 2022.
Sushmita Dev lone Woman in 31-member Panel to examine bill on raising legal age of marriage
The parliamentary standing committee constituted to examine “The Prohibition of Child Marriage (Amendment) Bill, 2021” which seeks to raise the legal age of marriage for women to 21 has only woman MP out of 31 members. The Prohibition of Child Marriage (Amendment) Bill, which will have wider influence over society especially females, was introduced in Lok Sabha during the winter session and referred to the Parliamentary Standing Committee on Education, Women, Children, Youth and Sports.
The Bill seeks to raise the legal age of marriage for women in India from 18 to 21 to bring it at par with men. The Prohibition of Child Marriage (Amendment) Bill 2021 seeks to amend the “Prohibition of Child Marriage Act, 2006” and seven personal laws, which are:
Indian Christian Marriage Act; the Parsi Marriage and Divorce Act; the Muslim Personal Law (Shariat) Application Act; the Special Marriage Act; the Hindu Marriage Act; and the Foreign Marriage Act.
IRDAI selects LIC, GIC Re and New India Assurance as Domestic Systemically Important Insurers
The Insurance Regulatory and Development Authority (IRDAI) stated on Thursday that Life Insurance Corporation of India, General Insurance Corporation of India and New India Assurance Co Ltd continue to be identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22.
Domestic Systemically Important Insurers (D-SIIs) are the insurance companies that are considered “Too Big to Fail”. I.e. its failure will impact the economy and insurance sector to a great extent. IRDAI has chosen these three insurers on the basis of their size, market importance and domestic and global interconnectedness whose distress or failure would cause significant dislocation in the domestic financial system.
The D-SIIs have been directed to carry forward their efforts in the following manner:
- Increase the corporate governance level.
- Assess relevant risks and prompt a robust risk management framework and culture.
IRDAI also stated these D-SIIs are being subjected to enhanced regulatory supervision.
Indian photojournalist Danish Siddiqui Bags RedInk Journalist of the Year 2020 Award Posthumously
Photojournalist Danish Siddiqui, who died during an assignment in Afghanistan, has been posthumously awarded the ‘Journalist of the Year’ for 2020 by the Mumbai Press Club. Chief Justice of India NV Ramana presented the annual ‘RedInk Awards for Excellence in Journalism’, instituted by the Mumbai Press Club, in a virtual event. The award was received by his wife Frederike Siddiqui.
Senior journalist Prem Shankar Jha, 83, was bestowed with the lifetime achievement award “for his long and distinguished career of incisive and analytical writing”. National RedInk Awards for Excellence in Journalism has been instituted by Mumbai Press Club to encourage good quality reporting and analysis, fair play and high ethical standards in Indian journalism. The awards are presented across 12 categories to journalists working in print, television and digital media. It carries a cash prize of Rs. 1 lakh, a trophy, and a citation.
RBI releases framework for Facilitating Small Value Digital Payments in Offline Mode
The Reserve Bank has placed on its website the ‘Framework for facilitating small value digital payments in offline mode’. The framework incorporates the feedback received from the pilot experiments on offline transactions conducted in different parts of the country during the period from September 2020 to June 2021. Payment/transaction will be considered offline when the transaction does not require internet or telecom connectivity to take effect.
Authorised Payment System Operators (PSOs) and Payment System Participants (PSPs) – Acquirers and Issuers (banks and non-banks) should comply to the following requirements for this small value digital payments in offline mode:
- Transactions are subject to a limit of ₹200 per transaction and an overall limit of ₹2000 for all transactions until balance in the account is replenished. Replenishment of used limit shall be allowed only in online mode with AFA.
- Offline payments can be made using any channel or instrument like cards, wallets, mobile devices, etc.
- Offline payments can made in proximity (face to face) mode only.
- Offline payment transactions can be offered without Additional Factor of Authentication (AFA).
- The acquirer shall incur all liabilities arising out of technical or transaction security issues at merchant’s end.
SBI Card joins hand with Paytm for card tokenisation
SBI Cards and Payment Services have partnered with Paytm for card tokenisation to protect the data of cardholders. SBI Card will enable cardholders to tokenise their cards on devices and make payments through Paytm
Tokenisation refers to masking the original card number by replacing it with a set of unique characters known as token. Token secures the customer’s card details when a transaction is under process.
ACC appoints Vinay Kumar Tripathi as new Chairman & CEO of Railway Board
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Vinay Kumar Tripathi, General Manager, North Eastern Railway to the post of Chairman and Chief Executive Officer (CEO) of Railway Board, New Delhi.
Currently Tripathi serves as the General Manager, North Eastern Railway. He will replace Suneet Sharma, a 1982 batch IRSME officer. Tripathi is an Indian Railway Service of Electrical Engineers (IRSEE) officer from 1983 batch.
He has been appointed for a period of 6 months from January 01, 2022, and has been granted a six-month extension as well, upto December 2022.
World Braille Day: 04 January
The World Braille Day is observed every year on January 04 to commemorate the birth anniversary of Louis Braille, the inventor of Braille, and the day celebrates awareness of the importance of braille as a means of communication in the full realization of the human rights for blind and visually impaired people.
The day was proclaimed by the United Nations General Assembly in November 2018. The first World Braille Day was celebrated on January 4, 2019.
