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24th December Daily Current Affairs 2021: Today GK Updates for Bank Exam

Here is the Daily GK Update of 24th December 2021 covering the following news headlines: SAFF U 19 Women’s Championship, Atal Innovation Mission, Asian Champions Trophy, IFFCO-TOKIO General Insurance, National Consumer Rights Day.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 24th December 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 15 Daily GK Updates: National & International News

Here is providing below the top 15 important Daily General Knowledge GK 2021 updates with national & international news.

National News

1. Atal Innovation Mission Unveils Vernacular Innovation Programme

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  • Niti Aayog’s Atal Innovation Mission has unveiled Vernacular Innovation Programme, which will enable innovators and entrepreneurs in India to have access to the innovation ecosystem in 22 scheduled languages by the Centre.
  • This will help in overcoming the barriers of language & empower innovators. To get the program rolling, AIM NITI Aayog is launching a train-the-trainer program where it will collaborate with the Design Department of IIT Delhi to coach the VTF in design thinking and entrepreneurship and the adaptation of these subjects in the 22 languages and cultures.

State News

2. Maharashtra launched Chalo mobile app & smart card for bus travel

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  • Maharashtra Tourism and Environment Minister, Aaditya Thackeray has launched the Chalo mobile application (app) and Chalo smart cards to facilitate digital and advance purchase of Brihanmumbai Electric Supply and Transport (BEST) bus tickets.
  • He also launched the NCMC compliant smart card of BEST as well as new fare schemes for the passengers, one that provided 10 trips at Rs 70 and another called ‘Flexifare’.
  • Chalo mobile app will allow passengers to buy online bus tickets and have access to bus passes through an e-wallet. A contract worth Rs 85 crore has been given for the maintenance of the Chalo mobile application for six years.

Important takeaways for all competitive exams: 

  • Maharashtra Capital: Mumbai;
  • Maharashtra Governor: Bhagat Singh Koshyari;
  • Maharashtra Chief minister: Uddhav Thackeray.

Appointments News

3. IFFCO-TOKIO General Insurance appoints HO Suri as MD & CEO

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  • IFFCO-TOKIO General Insurance has announced the appointment of HO Suri as its new managing director and chief executive officer. He was the financial advisor, head, internal audit & legal, at the company and the new position took effect from October 1.
  • IFFCO-Tokio General Insurance Company Limited is a 51:49 joint venture between IFFCO and Japan’s Tokio Marine Group. The firm offers retail products like motor, health, travel, home and personal accident insurance and corporate insurance products.
  • HO Suri began his professional journey in 1982 with Indian Farmers Fertiliser Cooperative Limited (IFFCO). A chartered accountant by profession, he is one of the founder-members of IFFCO-TOKIO General Insurance Company in 2000.

Important takeaways for all competitive exams: 

  • IFFCO-TOKIO General Insurance CEO: Anamika Roy Rashtrawar (27 Mar 2020–);
  • IFFCO-TOKIO General Insurance Headquarters: Gurugram;
  • IFFCO-TOKIO General Insurance Founded: 2000.

Banking News

4. CSB Bank has been impaneled as Agency Bank by RBI

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  • Reserve Bank of India (RBI) has announced the empanelment of CSB Bank, a private sector lender as an ‘Agency Bank’. Through this appointment, the CSB Bank will undertake the general banking business of the central and state governments under the guidelines set by the RBI.
  • As an Agency bank, CSB Bank will work with different state governments and central government departments for businesses such as tax collections, pension payments, collection of stamp duty, etc. CSB Bank Limited, formerly Catholic Syrian Bank Limited, is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. The bank has a network of over 450 branches and more than 319 ATMs across India.

Important takeaways for all competitive exams: 

  • CSB Bank Headquarters: Thrissur, Kerala;
  • CSB Bank CEO: C.VR. Rajendran;
  • CSB Bank Founded: 26 November 1920, Thrissur.

5. Central Bank of India signed a co-lending agreement with U GRO Capital

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  • Central Bank of India and U GRO Capital has signed a co-lending agreement and plans to disburse up to Rs 1,000 crore to medium, small and micro enterprises (MSMEs) over the next 12 months.
  • The disbursement will be to U GRO Capital’s varied MSME segments under its programs – Pratham, Sanjeevani, Saathi, GRO MSME and machinery financing.
  • Central Bank of India will provide co-lending support through the GRO-Xstream platform with the loans originated by U GRO Capital’s distribution network. The arrangement will ensure the availability of credit to MSMEs at an affordable cost.

Important takeaways for all competitive exams: 

  • Central Bank of India Founded: 21 December 1911;
  • Central Bank of India Headquarters: Mumbai, Maharashtra;
  • Central Bank of India MD & CEO: Matam Venkata Rao.

6. Oriental Insurance categorised as public shareholder in Axis Bank

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  • Axis Bank has announced the approval to reclassify Oriental Insurance Company Ltd (OICL) from promoter category to public category shareholder in the bank. In October, applications were made to BSE and NSE for reclassification of The New Oriental Insurance Co to the public category from the promoter category.
  • At present, OICL holds a 0.16 per cent stake in Axis Bank. Currently, BSE & NSE gave approval for the reclassification of New Oriental Insurance Company to the public category from the promoter category.

Important takeaways for all competitive exams: 

  • Axis Bank Founded: 3 December 1993;
  • Axis Bank Headquarters: Mumbai;
  • Axis Bank MD & CEO: Amitabh Chaudhary;
  • Axis Bank Chairperson: Rakesh Makhija;
  • Axis Bank Tagline: Badhti Ka Naam Zindagi.

Defence News

7. IAF deployed the first S-400 air defence system in Punjab
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  • Indian Air Force (IAF) has deployed the first squadron of the S-400 air defence missile system in the western Punjab sector which will take care of aerial threats from Pakistan and China.
  • The S-400 air defence system was contracted for by India from Russia in a deal worth around Rs 35,000 crores and five squadrons would be provided to India for tackling air threats from up to 400 km.
  • The surface-to-air missile system would give India an edge in South Asian skies as they would be able to take out enemy aircraft and cruise missiles from a 400 km distance.
  • The S-400 Triumf air defence system is equipped with four different missiles which can engage enemy aircraft, ballistic missiles, and AWACS planes at 400 km, 250 km, the medium-range 120 km and the short-range 40 km.

Important takeaways for all competitive exams:

  • Indian Airforce founded: 8 October 1932;
  • Indian Airforce Headquarters: New Delhi;
  • Indian Airforce Chief of Air Staff: Vivek Ram Chaudhari.

Ranks and Reports News

8. India replace the UK to be 3rd top country hosting unicorns

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  • Adding 33 “unicorns” in a single year has helped India displace the United Kingdom to be third in the list of countries that are home to such enterprises valued at over $1 billion each. The US and China, who occupy the first two ranks, are way ahead, according to the data compiled by Hurun Research Institute.
  • US and China are home to 74 per cent of the unicorn universe. The US added 254 unicorns and now totals 487 companies in the coveted list, while China added 74 to take its tally to 301 start-ups having a valuation of over $1 billion. The UK added only 15 unicorns to take its total to 39, and hence got displaced by India.

Awards News

9. Padma Bhusan Anil Prakash Joshi wins Mother Teresa Memorial Award

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  • Environmentalist Dr Anil Prakash Joshi, who was conferred upon the Padma Bhushan this year, has been awarded the Mother Teresa Memorial Award for Social Justice 2021. Vidyut Mohan, the winner of the Earth shot Prize, and Ridhima Pandey, a young environmental activist from Uttarakhand, were also the recipients of the award.
  • The Harmony Foundation identifies a theme each year for the Mother Teresa Memorial Awards and felicitates individuals and organisations who work in the realm of augmenting environmental sustainability. The awardees were felicitated by Dr Abraham Mathai, the founder chairman of the foundation.

10. O.P. Jindal Global University won “Digital Innovation of the Year” award

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  • O. P. Jindal Global University (JGU) has won the ‘Digital Innovation of the Year Award’ in the prestigious Times Higher Education (THE) Asia Awards 2021 for creating a free, cloud-based application to help schools and universities manage data.
  • JGU was the only Indian University to be shortlisted for the “Digital Innovation of the Year”.

Times Higher Education Awards Asia 2021 winners:

Category  Winner
Leadership and Management Team of the Year Kalinga Institute of Industrial Technology (India)
Workplace of the Year Saint Joseph University of Beirut (Lebanon)
International Strategy of the Year Hangzhou Dianzi University of Hong Kong
Teaching and Learning Strategy of the Year National University of Singapore
THE Datapoints Social Impact Award Institute Teknologi Sepuluh Nopember (Indonesia)
THE Datapoints Improved Performance Award University Utara (Malaysia)
Excellence and Innovation in the Arts Hong Kong Baptist University
Technological or Digital Innovation of the Year O.P. Jindal Global University (India)
Outstanding Support for Students University Teknologi Petronas (Malaysia)
Student Recruitment Campaign of the Year Hanoi University of Science and Technology (Vietnam)

Sports News

11. Anahat Singh becomes first Indian girl to win Jr Squash Open in US

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  • Indian teenager Anahat Singh has scripted history by winning the U-15 girls category of the prestigious Junior US Open Squash tournament in Philadelphia.
  • The 13-year-old girl from Delhi overcame powerhouse Egypt’s Jayda Marei in the final match 11-9, 11-5, 8-11, 11-5 played at the Arlen Spectre Centre. More than 850 squash junior players, representing 41 countries, participated in the World’s largest junior individuals squash tournament.

12. Asian Champions Trophy: India win bronze, Korea lift title

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  • India defeated Pakistan 4-3 to secure the bronze medal, while Korea defeated Japan 4-2 to emerge Asian Champions Trophy men’s hockey tournament held in Dhaka, Bangladesh.
  • The five-nation tournament came to an end with two matches being played on the last day of the game.
  • Kanta Tanaka of Japan was declared the best player of the tournament while Suraj Karkera of India was adjudged the best goalkeeper. Jang Jonghyun of Korea was the top scorer with 10 goals in the tournament.

13. SAFF U 19 Women’s Championship: Bangladesh defeat India

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  • Bangladesh women team has won the SAFF U 19 Women’s Championship by defeating India in the finals. Shaheda Akter Ripa of Bangladesh scored the maximum number of goals in the tournament. She received the ‘most valuable player’ award.
  • The 2021 SAFF U-19 Women’s Championship was the 2nd edition of the SAFF U-19 Women’s Championship. The tournament was organized from 11 to 22 December 2021 at BSSS Mostafa Kamal Stadium in Dhaka.
  • Five countries have participated in the 2021 SAFF U-19 Women’s Championship. Pakistan Football Federation was suspended by FIFA in April 2021 so it didn’t participate in this competition.

Important Days

14. National Consumer Rights Day 2021

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  • National Consumer Rights Day is observed every year on December 24. On this day in 1986, the Consumer Protection Act 1986 received Presidential assent and thus came into force. The Act aims to provide consumers with effective safeguards against different types of exploitation, such as defective goods, deficiency in services and unfair trade practices.
  • People often get confused between World Consumer Rights Day and National Consumer Rights Day. While both have the same purpose, they are observed on different dates. World Consumer Rights Day is celebrated annually on March 15.
  • The National Consumer Rights Day was observed for the first time in 1986 under the Consumer Protection Act. It’s different from World Consumer Day, which is celebrated annually on March 15. The Consumer Protection Act came into force in 1986.
  • In 2019, the Consumer Protection Act 1986 was revised. Later, the Ministry of Consumer Affairs, Food and Public Distribution announced the CPA 2019 bill put to effect on July 20, 2020.

Obituaries News

15. Pritzker Prize-winning architect Richard Rogers passes away

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  • Pritzker Prize-Winning British-Italian Architect, Richard Rogers has passed away at his residence in London, United Kingdom. He received the Pritzker Prize, known as the Nobel Prize of Architecture, in 2007.
  • He received the Knight Bachelor in 1991 and he was knighted by Queen Elizabeth II. He was the architect of the new World Trade Center (3 World Trade Center) in New York City, United States, the Centre Pompidou in Paris, France and the Millennium Dome in London, UK.

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