Daily GK Current Affairs viable of 20 February 2022

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Daily GK Current Affairs News viable of 20 February 2022. – Here is the Regular current affairs viable of 20 February 2022 covering the following news headlines: International Olympic Committee, National Dam Safety Authority, World Day of Social Justice, 7th Soil Health Card Day.

Daily Current Affairs update are incorporated with the important news that made the current affairs headlines for competitive exams. Daily Current Affairs Update is the complete box of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc.

So, here is the GK update of 20 February 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Table of Contents

Here current affairs have been categorized which is as follows:

National News
Banking News
Business News
Important Days
Obituaries News

National News

Mumbai to host International Olympic Committee session in 2023

Mumbai, India will host the International Olympic Committee session in 2023. The IOC session for 2023 will be held at Jio World Convention Centre, Mumbai.
The last such session was hosted by India in 1983 in New Delhi. In 2022, the IOC session was held in Beijing, China.
What is IOC Session: It is the annual meeting of the members of IOC i.e. 101 Voting Members and 45 Honorary Members.
Nita Ambani is the representative of India in this committee.

Government sets up National Dam Safety Authority

The Parliament of India had passed the Dam Safety Act 2021 on December 8, 2021, which seeks to provide an institutional architecture for dam safety in the country.
Subsequently, the Central Government has established an authority, to be known as the National Dam Safety Authority, to discharge the powers and functions of the National Authority under the Dam Safety Act.
The authority came into effect from February 18, 2022.
The headquarters of the Authority will be located in the National Capital Region and will have four regional offices.

PM Modi inaugurates 550-tonne capacity Gobar-Dhan (Bio-CNG) Plant in Indore

The Prime Minister, Shri Narendra Modi, inaugurated a 550-tonne capacity “Gobar-Dhan (Bio-CNG) Plant” at Indore, Madhya Pradesh, through video conferencing on February 19, 2022.
It is the largest Bio-CNG plant in Asia. It has been prepared at a cost of Rs 150 crore.
Govardhan Plant is based on the concept of Waste-to-Wealth Innovation.
It is proposed to set up such Gobar Dhan Bio-CNG plants in 75 major municipalities in the coming two years.

Banking News

JPMorgan becomes the First Bank Into the Metaverse

JP Morgan (the largest bank in America) announced that it has become the first bank to enter the metaverse. It has opened a lounge in Decentraland i.e. a virtual world based on blockchain technology.
The lounge is named Onyx Lounge and features the image of JP Morgan CEO Jamie Dimon.

Equitas Small Finance Bank raises Rs 550 crore from Central Bank of Singapore, Government of Singapore, others

Equitas Small Finance Bank has raised Rs 550 crore in total from the government of Singapore, Singapore’s central bank (Monetary Authority of Singapore) and a host of local mutual funds in the qualified institutional placement of equities.

The amount of investments from these entities is bifurcated below:

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Government of Singapore-about Rs 155 crore
Monetary Authority of Singapore -Rs 36 crore.
Mutual funds (Nippon Life India Trustee, SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund and HDFC Trustee Company)- Rs 359 crore.

Business News

TransUnion CIBIL Partners with FICCI for a Nation-wide MSME Consumer Education Program

TransUnion CIBIL has partnered with Federation of Indian Chambers of Commerce and Industry (FICCI) to launch a unique nationwide MSME consumer education program to support MSMEs.
Objective: The program will help MSMEs to gain awareness about credit management, CIBIL rank and commercial credit information. It will teach them how to build a good credit history and CIBIL rank to get easy and fast loans.
The program will start with MSME clusters in Maharashtra, Assam and Tripura and aims to reach thousands of MSMEs across major MSME clusters in India.

Important Days

World Day of Social Justice: 20 February

World Social Justice Day is celebrated on 20 February every year since 2009.
The day was proclaimed in 2007 by the United Nations General Assembly led by the Kyrgyz Republic.
2022 Theme: “Achieving Social Justice through Formal Employment”.

India Observed 7th Soil Health Card Day on 19 February 2022

In India, 19 February is marked as the Soil Health Card Day to commemorate the launch of the Soil Health Card (SHC) Scheme, and create awareness about the benefits of the scheme.
Prime Minister Narendra Modi launched the Soil Health Card (SHC) Scheme on 19th February, 2015 at Suratgarh in Rajasthan.
2022 marks the seventh year of the launch of the SHC Scheme.
Purpose of the scheme is to issue soil health cards to farmers every two years so as to provide a basis to address nutritional deficiencies in soil. The scheme ensures additional income to farmers by an increase in yields and it also promotes sustainable farming.

Obituaries News

Senior journalist Ravish Tiwari passes away

Senior journalist Ravish Tiwari has passed away. He was the national bureau chief of the Indian Express. He was popular for his political news reporting.
Prior to this, he also worked as Senior Assistant Editor at Economic Times, Associate Editor at India Today and Senior Assistant Editor at Indian Express.
He did his graduation from IIT Bombay and Masters from Oxford University.

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