Current Affairs January 2022

Reliance acquires controlling stake of 73.37% in New York’s Mandarin Oriental hotel for around $270 mn

Reliance Industries Ltd (RIL) has announced the acquisition of a controlling stake in Mandarin Oriental New York, a premium luxury hotel in midtown Manhattan. Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has entered into an agreement to acquire the entire share capital of Columbus Centre Corporation, Cayman Islands, for an equity […]

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PM declares December 26 to be observed as ‘Veer Baal Diwas’ annually

Prime Minister Shri Narendra Modi made a big announcement on Sunday 9th January 2022, on the occasion of ‘Guru Parv’ that is the birth anniversary of Guru Gobind Singh ji. He said that ‘Veer Bal Diwas’ would be celebrated every year on 26th December from this year onwards. The day will be commemorated as a

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Forex reserves decline by USD 1.466 bn to USD 633.614 bn: RBI data

As per the latest Reserve Bank of India (RBI) data, the foreign currency reserves of India declined by $1.466 billion to $633.614 billion, in the last week of 2021, which ended December 31, 2021. In the previous week ended December 24, the reserves dipped by USD 587 million to USD 635.08 billion. Gold reserves rose by USD 14 million to USD

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India’s Real GDP projected to grow at around 9.5% in FY22: SBI Ecowrap

The economic research team of the State Bank of India (SBI) released its Ecowrap report on January 08, 2022. India’s gross domestic product (GDP) is expected to grow more than 9.5 % in FY21-22, according to SBI research report-Ecowrap. The economy registered an 8.4 % growth in the second quarter of the current fiscal (FY22), as per

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Centre extends Navrang Saini’s term as interim chief of IBBI for three months

Dr. Navrang Saini, Whole Time Member, IBBI takes additional charge as Chairperson of Insolvency and Bankruptcy Board of India (IBBI) for three more months till March 05, 2022. Mr. Saini, who is a Whole Time Member of IBBI, was assigned additional charge of Chairperson in addition to his existing duties in October 2021 for three months

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NASA successfully completes deployment of James Webb Space Telescope

The NASA team successfully completed the deployment of 21-foot, gold-coated primary mirror panel of the James Webb Space Telescope (JWST) on January 08, 2022. James Webb Space Telescope has successfully deployed its sunshield — a critical feature the observatory will use to keep its instruments extra cold during the course of its mission. The unfurling of the sunshield marks the end of

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Antigua and Barbuda joins as 102nd member of ISA

Antigua and Barbuda has officially joined the International Solar Alliance (ISA) as a member country on 5 January 2022. With this, the Caribbean nation has become the 102nd country to join the India-led global energy initiative, ISA. The framework agreement was formally signed by Prime Minister of Antigua and Barbuda Gaston Browne in the presence

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Ind-Ra lowers India’s GDP growth forecast by 10 basis points to 9.3% in FY22

The ratings agency India Ratings and Research (Ind-Ra) has downgraded the GDP of India for the current fiscal FY 2021-2022. For the entire FY22, the GDP is expected to clock a growth rate of 9.3% y-o-y, 10bps lower than our earlier estimate of 9.4%.” Meanwhile, Brickworks Ratings has also revised India’s GDP growth forecast for

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Union Minister Jitendra Singh inaugurates 24th Conference on e-Governance 2020-21 in Hyderabad

The Union Minister of Science and Technology Dr Jitendra Singh has inaugurated the 24th National Conference on e-Governance in Hyderabad, Telangana on January 07, 2022. the 24th Conference on e-Governance (NCeG) 2020-21 will be conducted from 7th – 8th January 2022. The theme of the two-day Conference is ‘India’s Techade: Digital Governance in a Post

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Puducherry to host 25th National Youth Festival in 2022

Prime Minister Narendra Modi has chosen Puducherry to host the 25th National Youth Festival 2022. The 25th National Youth Festival has been organized from January 12 to 16, 2022. The celebration is part of the Azadi ki Amrit Mahotsav, which commemorates the 75th anniversary of India’s independence, according to Union Minister for Youth Affairs and

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