1. SECURITY PRINTING & MINTING CORPORATION OF INDIA LTD. (SPMCIL)
The Delhi headquarters of the Security Printing and Minting Corporation of India Ltd. (SPMCIL) has been declared a “prohibited place” under the Section 2 of the Official Secrets Act, 1923 by the Union Home Ministry “to prevent the entry of unauthorised persons”.
About:
- The Security Printing & Minting Corporation of India Ltd. (SPMCIL) is a government printing and minting agency.
- It is under the jurisdiction of Ministry of Finance , Government of India.
- It was incorporated in 2006 with its registered office at New Delhi.
- It is engaged in the manufacture and production of currency and bank notes, security paper, non-judicial stamp papers, postal stamps, stationery, passport and visa stickers, security inks, circulation, commemorative coins and others.
- The nine production units of the SPMCIL, where bank notes and other government papers are manufactured, are already prohibited places.
- The nine production units are four India Government Mints, two Currency Note Presses, two Security Printing Presses and one Security Paper Mill located in Mumbai, Kolkata, Hyderabad, Noida, Nashik, Dewas and Narmadapuram.
2. EX COBRA WARRIOR 2022
In a first, the Indian Air Force (IAF) will deploy the indigenous Light Combat Aircraft (LCA) Tejas for multilateral air exercise ‘Cobra Warrior’ at Waddington, U.K. Five Tejas aircraft will fly to the U.K.
About:
- The multilateral air exercise ‘Cobra Warrior’ will also see the participation of Air Forces of Belgium, Saudi Arabia, Sweden and the U.S.
- The exercise is aimed at providing operational exposure and sharing best practices amongst the participating Air Forces, thereby enhancing combat capability and forging bonds of friendship.
- The exercise is scheduled from March 6 to 27.
3. RAMESHBABU PRAGGNANANDHAA
The Prime Minister, Shri Narendra Modi has expressed happiness over R Praggnanandhaa for winning against the noted champion Magnus Carlsen in online Chess tournament.
About:
- Rameshbabu Praggnanandhaa (born 10 August 2005) is an Indian chess grandmaster.
- A chess prodigy, he is the fifth-youngest person ever to achieve the title of Grandmaster (GM).
- On February 20, 2022, he became the third Indian player (behind Anand and Harikrishna) to win a game against World Champion Magnus Carlsen in any time format, in the online Airthings Masters rapid tournament of the Champions Chess Tour 2022.
4. RAMANUJAN PRIZE FOR YOUNG MATHEMATICIANS
The Ramanujan Prize for Young Mathematicians was awarded to Professor Neena Gupta, a mathematician of the Indian Statistical Institute in Kolkata, in a virtual ceremony on 22nd February 2022.
About:
- She received the award for the year 2021 for her outstanding work in affine algebraic geometry and commutative algebra.
- The prize is awarded annually to a researcher from a developing country funded by the Department of Science and Technology (DST) of the Government of India in association with ICTP (International Centre for Theoretical Physics) and the International Mathematical Union (IMU).
- It is given to young mathematicians less than 45 years of age who have conducted outstanding research in a developing country.
- It is supported by DST in the memory of Srinivasa Ramanujan, a genius in pure mathematics who was essentially self-taught and made spectacular contributions to elliptic functions, continued fractions, infinite series, and analytical theory of numbers.
- Professor Gupta's solution for solving the Zariski cancellation problem, a fundamental problem in Algebraic Geometry, earned her the 2014 Young Scientists Award of the Indian National Science Academy (NSA).
5. NDC-TRANSPORT INITIATIVE FOR ASIA (NDC-TIA) PROJECT
NITI Aayog and World Resources Institute (WRI), India, with the support of GIZ India, conducted a virtual consultation workshop on ‘Financing for Decarbonization of Transport’ as part of the NDC-Transport Initiative for Asia (NDC-TIA) project.
About:
- The NDC-TIA is a joint programme of seven organizations that engages India, China and Vietnam in promoting a comprehensive approach to decarbonizing transport in their respective countries.
- The project is part of the International Climate Initiative (IKI).
- The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) supports the initiative on the basis of a decision adopted by the German Bundestag.
- NITI Aayog is the implementing partner for the India component of the project.
6. ANGADIAS
An FIR has been registered against three Mumbai Police officials for allegedly threatening Angadias and extorting money from them in south Mumbai. Earlier this month, an Angadias shop in Mulund was looted by a gang of robbers.
About:
- The Angadia system is a century-old parallel banking system in the country where traders send cash generally from one state to another through a person called Angadia that stands for courier.
- It is by and large used in the jewellery business with Mumbai – Surat being the most popular route as they are two ends of the diamond trade.
- The cash involved is huge and it is the responsibility of the Angadia to transfer cash from one state to another for which they charge a nominal fee. Generally, it is the Gujarati, Marwari and Malbari community that are involved in the business.
- The Angadia system works completely on trust as large sums, at times in crores, are involved.
Is the system legal?
- While the Angadia system per se is legal, there hangs a cloud over the activity as it is suspected that a lot of times it is used to transfer unaccounted money.
- There have been suspicions that it is also used for transfer of black money like the hawala transaction which is generally used across countries.
7. INSURGENCY IN MANIPUR
Defence Minister Rajnath Singh called upon insurgency groups operating in Manipur to shun violence and come to the negotiating table.
Rise of insurgency in Manipur
- The emergence of insurgency in Manipur dates back to 1964 with the formation of the United National Liberation Front (UNLF), which still remains one of the formidable militant outfits.
- The rise of separatist insurgency in Manipur mainly attributed to perceived discontent over alleged “forced” merger of Manipur with the Union of India and the subsequent delay in granting it full-fledged statehood.
- While the erstwhile Kingdom of Manipur was merged with India on October 15, 1949, it became a state only in 1972.
- The Naga movement in neighbouring Nagaland spilled over into Manipur’s hill districts with the NSCN-IM controlling most of it while pressing for “Nagalim” (Greater Nagaland), which is perceived in the valley as a “threat” to Manipur’s “territorial integrity”.
- In the early 1990s, the ethnic clashes between Nagas and Kukis led to the formation of several Kuki insurgent groups, which have now scaled down their demand from a separate Kuki state to a Territorial Council.
Ceasefire agreement
- The NSCN-IM entered a ceasefire agreement with the Government of India (GoI) in 1997, even as peace talks between them have still been continuing.
- Similarly, the Kuki outfits under two umbrella groups, the Kuki National Organisation (KNO) and United People’s Front (UPF), also signed the tripartite Suspension of Operation (SoO) pacts with the GoI and Manipur on August 22, 2008.
- However, major valley-based militant outfits (Meitei groups) such as the UNLF, PLA, KYKL etc. are yet to come to the negotiating table.
8. FINANCIAL STABILITY AND DEVELOPMENT COUNCIL (FSDC)
The 25th meeting of the Financial Stability and Development Council (FSDC) was held in Mumbai, under the Chairpersonship of Union Finance Minister Nirmala Sitharaman.
About:
- Background: It was setup in 2010 by Indian Government as an executive body. It replaced the High Level Coordination Committee on Financial Markets (HLCCFM). The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008.
- Status: FSDC is not a statutory body. No funds are separately allocated to the council for undertaking its activities.
- Objective: Its objectives are to strengthen and institutionalize the mechanism for maintaining financial stability and Enhancing inter-regulatory coordination. It also focuses on financial literacy and financial inclusion.
- Composition: It is chaired by the Union Finance Minister of India. The other 12 members are
- Governor, RBI,
- Chairman, SEBI,
- Chairman, IRDA,
- Chairman, PFRDA,
- Minister of state responsible for the Department of Economic Affairs (DEA),
- Secretary of Department of Electronics and Information Technology’,
- Revenue secretary,
- Finance Secretary and/or Secretary, Department of Economic Affairs;
- Secretary, Department of Financial Services;
- Secretary, Ministry of Corporate Affairs,
- Chief Economic Adviser and
- Chairperson of the Insolvency & Bankruptcy Board of India (IBBI).
- Governor, RBI,
- Sub-committee of FSDC: A sub-committee of FSDC has also been set up under the chairmanship of Governor RBI. It discusses and decides on a range of issues relating to financial sector development and stability including substantive issues relating to inter-regulatory coordination.
9. S H RAZA
Birth centenary of Syed Haider Raza was observed on February 22.
About:
- Sayed Haider Raza (22 February 1922 – 23 July 2016) was an Indian painter who lived and worked in France from 1950 until his death, while maintaining strong ties with India.
- In 1947, he co-founded the revolutionary Bombay Progressive Artists' Group (PAG) (1947–1956) along with K. H. Ara and F. N. Souza. This group set out to break free from the influences of European realism in Indian art and bring Indian inner vision (Antar gyan) into the art.
- The ‘Bindu’ is S.H. Raza’s most iconic symbol, one that featured in many of his artworks made during the last three decades of his life.
- He was awarded the Padma Shri and Fellowship of the Lalit Kala Academi in 1981, Padma Bhushan in 2007, and Padma Vibhushan in 2013.
- He was conferred with the Commandeur de la Legion d'honneur (Legion of Honour) in 2015.
10. SHIPPING
Union Minister for Ports ,Shipping and Waerways Sarbananda Sonowal inaugurated Nikarshan Sadan” – The DCI (Dredging Corporation of India) Dredging Museum at DCI campus in Vishakhapatnam .
Nikarshan Sadan
- The museum displayed models of different types of dredgers, vintage photos & historical milestones of this dredging behemoth from the Eastern Port City of Vizag.
- Dredging Corporation of India Limited, or DCI, is unit engaged in the business of dredging. Dredging is the excavation of material from a water environment.
- DCI is headquartered at Visakhapatnam and reports to the Ministry of Shipping.
Centre of Excellence in Maritime and Shipbuilding (CEMS)
- Sarbananda Sonowal also inaugurated skill development facility -Centre of Excellence in Maritime and Shipbuilding (CEMS) at a function in Visakhapatnam.
- CEMS also has a Mumbai campus at the Head Office of Indian Register of Shipping which mainly caters to re-skilling.
- CEMS equips students with employable engineering and technical skills in the areas of Ship Hull Design, Ship Detailed Design, Shipbuilding & Maintenance etc.
Source : PIB