General Knowledge & Current Affairs

January 2022 - 1st to 7th

1. World’s longest Metro line opened in China.

  • Shanghai has opened two new metro lines, upholding its rank as the city with the largest Metro network in the world. With the new lines, the total length of Shanghai’s metro network has extended to 831 km, continuing to be the longest in the world.
  • China’s Shanghai opened two new metro lines – Line 14 and Phase One of Line 18. The opening of the two new lines will bring the total number of fully automatic metro lines in Shanghai to five, with an operating length of 167 km, ranking first in the world for the first time. The city will now enjoy 20 metro lines with 508 stations, 83 of which are transfer ones.

2. China launches 5-year plan to become a hub of world robotics innovation.

  • China has announced a five-year roadmap to achieve its goal of becoming a global robotics innovation hub by the year 2025. China’s Ministry of Industry and Information Technology revealed operating income from the country’s robotics industry is expected to grow by around 20% per year between 2021 and 2025.
  • From 2016 to 2020, the sector expanded at an average growth rate of 15%. Last year, operating income surpassed 100 billion yuan ($15.69 billion) for the first time.
  • As per the 2021 World Robot Report, South Korea, Singapore, and Japan were the top three most automated countries in Asia-Pacific.

3. Ex-UK PM Tony Blair joins top royal order.

  • Former British Prime Minister Tony Blair, the Duchess of Cornwall, and Baroness Amos are to be appointed as members of the Order of the Garter, England’s oldest and most senior order of chivalry.
  • The former prime minister now will be known as ‘Sir Tony’. The appointments are the personal choice of the Queen, who has up to 24 “knight and lady companions”. The ceremonial order, founded in 1348, is a recognition of significant public service and made without prime ministerial advice.
  • Under Sir Tony’s leadership, the UK joined the US-led invasions of Iraq and Afghanistan – an official inquiry into the 2003 Iraq war was strongly critical of his government and UK military chiefs. He famously referred to Diana, Princess of Wales, as the “people’s princess” after her death.

4. France takes over EU Presidency for six months 2022.

  • France has assumed the rotating presidency of the Council of the European Union with effect from January 01, 2022. The country will continue to hold the EU presidency for the next six months till June 30, 2022.
  • This is the 13th time that France has taken over the rotating presidency. The motto of France as EU President is “recovery, strength, belonging.”
  • France will work to place the continent’s digitization and climate protection at the forefront. The presidency of the EU rotates every six months among the member states of the 27-nation bloc. Upon the completion of six months presidency, France will be replaced by the Czech Republic.

5. Russia’s test-fires new hypersonic Tsirkon missiles 2022.

  • Russia successfully test-fired around 10 new Tsirkon (Zircon) hypersonic cruise missiles from a frigate and other two missiles from a submarine.
  • The Zircon missile would be capable of flying at nine times the speed of sound and have a range of 1,000 kilometres (620 miles).
  • The Tsirkon Cruise Missile will join Avangard glide vehicles and the air-launched Kinzhal (Dagger) missiles in Russia’s hypersonic arsenal.
  • Zircon is intended to arm Russian cruisers, frigates and submarines. It is one of several hypersonic missiles under development in Russia. The launch was the latest in a series of tests of Zircon, which is set to enter service next year.

6. Apple becomes world’s first company to hit $3 trillion M-Cap.

  • The stock market value of Apple Inc. hit $3 trillion and became the world’s first company to do so. The market cap of Apple hit $182.86 per share, which made it the world’s first company to touch the $3 trillion mark.
  • However shortly after hitting the mark, the share value dipped below it and did not rise again until the market closed. The iPhone maker passed $2 trillion in 2020 and over $1 trillion in 2018.
  • The world’s most valuable company reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.
  • In China, the world’s largest smartphone market, Apple continued to lead for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed.

7. Sudan’s Prime Minister Abdalla Hamdok announces resignation.

  • Prime Minister of Sudan, Abdalla Hamdok has announced his resignation on January 02, 2022. The decision follows a military coup that caused political deadlock and widespread pro-democracy protests in the country.
  • The 66-year-old Hamdok served as the 15th Prime Minister of Sudan from 2019 to 2022.
  • Mr Hamdok called for a dialogue to agree on a “national charter” and to “draw a roadmap” to complete the transition. The October coup had upended Sudan’s plans to move to democracy after a popular uprising forced the military’s overthrow of longtime autocrat Omar al-Bashir and his Islamist government in April 2019.

8. Apple becomes world’s first company to hit $3 trillion M-Cap.

  • The stock market value of Apple Inc. hit $3 trillion and became the world’s first company to do so. The market cap of Apple hit $182.86 per share, which made it the world’s first company to touch the $3 trillion mark.
  • However shortly after hitting the mark, the share value dipped below it and did not rise again until the market closed. The iPhone maker passed $2 trillion in 2020 and over $1 trillion in 2018.
  • The world’s most valuable company reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music.
  • In China, the world’s largest smartphone market, Apple continued to lead for the second straight month, beating rivals such as Vivo and Xiaomi, recent data from CounterPoint Research showed.

9. Chinese diplomat Zhang Ming takes charge of Secretary-General of SCO.

  • China’s senior diplomat Zhang Ming has taken charge as the new Secretary-General of the Shanghai Cooperation Organisation (SCO) in which India is a member. He has taken charge from Vladimir Norov, former Foreign Minister of Uzbekistan for a three-year term. He was until recently China’s ambassador to the European Union.
  • The SCO comprises eight member states: India, Kazakhstan, China, the Kyrgyz Republic, Pakistan, Russia, Tajikistan and Uzbekistan. It also comprises four countries with “observer” status and six more as “dialogue partners”.

10. Antigua and Barbuda joined ISA as the 102nd member.

  • The Caribbean nation of Antigua and Barbuda joined the International Solar Alliance (ISA) as the 102nd member by signing the International Solar Alliance Framework Agreement, the India-led global green energy initiative.
  • The Prime Minister of Antigua and Barbuda, Gaston Browne signed the framework agreement in the presence of Indian High Commissioner Dr K. J. Srinivasa to catalyze global energy transition through a solar-led approach.
  • ISA was jointly launched by India and France in 2015 during the 21st session of the United Nations Climate Change COP-21 in Paris, France to promote solar energy.

1. PM Modi to lay the foundation stone of Major Dhyan Chand Sports University.

  • Prime Minister Narendra Modi will lay the foundation stone of Major Dhyan Chand Sports University in Meerut. The University will be established at Salawa and Kaili villages of Sardhana town in Meerut at an estimated cost of about 700 Crore rupees.
  • The University will have the capacity of training 1080 sportspersons including 540 female and 540 male sportspersons.
  • The Sports University will be equipped with modern and state-of-the-art sports infrastructure including synthetic Hockey ground, Football ground, Basketball, Volleyball, Handball, Kabaddi ground, Lawn tennis court, Gymnasium hall, Synthetic running stadium, Swimming pool, Multipurpose hall, and a Cycling Velodrome.
  • It will also house facilities for Shooting, Squash, Gymnastics, Weightlifting, Archery, Canoeing, and Kayaking, among other facilities with the capacity of training.

2. Government approved 19th Tranche of Electoral Bonds.

  • The government has approved the issuance of the 19th tranche of electoral bonds, which will be open for sale from January 1 to 10, 2022, ahead of assembly elections in five states Uttar Pradesh, Uttarakhand, Punjab, Himachal Pradesh and Goa.
  • In the 19th tranche of sale, the State Bank of India (SBI), has been authorised to issue and encash electoral bonds through its 29 specialised branches. There is no limit on the number of bonds an individual or company can purchase. An electoral bond will be valid for 15 days.
  • Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. However, Opposition parties have been raising concerns about alleged opaqueness in funding through such bonds.

3. Union Minister Ashwini Vaishnaw launched “India Semiconductor Mission”.

  • Information Technology Minister Ashwini Vaishnaw has launched the India Semiconductor Mission (ISM) to attract large investments for setting up semiconductor wafer fabrication facilities in India.
  • The companies that are interested are invited by the Centre for the development of the semiconductors and display manufacturing ecosystem in India. ISM is a specialised and independent business division within the Digital India Corporation.
  • The financial support of up to 50 per cent of the project cost (ceiling of Rs 12,000 crore per fab) will be provided for the scheme for setting up display fabs.
  • Fiscal support will be provided on ‘pari-passu’ basis for a period of six years from the date of approval both for semiconductor fabs and display fabs.

4. Education Minister Dharmendra Pradhan launches NEAT 3.0.

  • Union Minister of Education, Dharmendra Pradhan has launched National Educational Alliance for Technology (NEAT 3.0), and regional language textbooks prescribed by the All India Council for Technical Education (AICTE).
  • NEAT 3.0 aims to provide the best-developed ed-tech solutions and courses to students on a single platform. It will be beneficial especially among the economically disadvantaged students. It is a Public-Private Partnership model between the Government (through its implementing agency AICTE) and the Education Technology companies.
  • 58 global and Indian ed-tech startup companies have come together for this solution and are offering 100 courses and e-resources to enhance learning outcomes, developing employable skills as well as overcome learning loss.
  • The collaboration of global ed-tech companies and Indian start-ups by way of NEAT will help to build on the digital education bedrock of India.

5. Raj Kumar Singh dedicates Automatic Generation Control to nation.

  • Power and new and renewable energy minister, Raj Kumar Singh has dedicated Automatic Generation Control (AGC) to the nation.
  • The AGC sends signals to power plants every four seconds to maintain the frequency and thereby reliability of India’s power system. It will help in achieving the government’s target of 500 GW non-fossil fuel-based generation capacity by 2030.
  • Automatic Generation Control will be operated by Power System Operation Corporation (POSOCO) through National Load Despatch Centre.
  • POSOCO will send signals to every power plant through AGC every 4 seconds to maintain the frequency and reliability of the Power System.
  • R.K. Singh has also released a report titled “Assessment of Inertia in Indian Power System”. It has been prepared by POSOCO with the help of IIT Bombay.
  • India has achieved an installed capacity of 150 GW of renewable energy and aims to achieve a renewable energy capacity of 175 GW in 2022.

6. PM chose Puducherry as host of National Youth Festival.

  • Puducherry has been handpicked by Prime Minister Narendra Modi to host the 25th National Youth Festival. The 25th National Youth Festival is going to be held in Puducherry from 12th to 16th January 2022.
  • The festival has been organised as part of the Azadi ki Amrit Mahotsav marking the 75th year of Independence, said Union Minister for Youth Affairs and Sports and Information and Broadcasting Anurag Thakur.
  • The festival is likely to draw around 7000 youths in the age group of 18 to 22 from across the country. Around 500 youths from Puducherry will take part in the event.
  • The government of India holds National Youth Festival, as a part of National Youth Week celebrations. It is organised with the aim of propagating the concept of national integration, brotherhood, the spirit of communal harmony, courage and adventure amongst the youth.
  • This aim is achieved by organizing gatherings of youth and encouraging them to take part in different activities.

7. Ayush Minister lays foundation stone of International Yoga Academy.

  • Union Ayush Minister, Sarbananda Sonowal has laid the foundation stone of the Heartfulness International Yoga Academy in Hyderabad, Telangana. He also launched 75 crores suryanamaskar initiative as part of the Azadi ka Amrit Mahotsav”.
  • The academy tries to reach all levels of society through training programmes and these will be overseen by an international team.
  • This the academy has therapeutic Yoga rooms for consultation, one to one training spaces or small group classes; pre-natal Yoga rooms; a lecture hall with 200 sitting capacity; a full-fledged recording studio with editing suites for pre-recorded wellness programs; a recording Yoga hall fully equipped for Live online Yoga Classes; a Yoga library with books from every Yoga Institutions and access to Yoga research articles.

8. TS Tirumurti assumes Chair of UNSC Counter-Terrorism Committee.

  • India’s Permanent Representative to the UN, T S Tirumurti has been appointed as the Chair of the UN Security Council Counter-Terrorism Committee for 2022. India has assumed the chairmanship of the United Nations Security Council’s Counter-Terrorism Committee (UNSC-CTC) for one year, beginning from January 01, 2022.
  • Being the Chair of Counter-Terrorism Committee 2022, India will work to further enhance the role of the Counter-Terrorism Committee in strengthening the multilateral response to counter-terrorism, and ensure that global response to the threat of terrorism remains unambiguous, undivided and effective. India is currently a non-permanent member of the 15-nation UNSC. Its two-year term will end on December 31, 2022.

1. Odisha launched Digital Life Certificate system for pensioners 2022.

  • Odisha Chief Minister Naveen Patnaik has launched an online service for the verification of identity and submission of life certificates for pensioners of the state government.
  • The chief minister virtually launched the new initiative while attending the orientation programme for newly recruited 153 officers of Odisha Civil Services.
  • Identification and life certificates can now be submitted by the pensioners using an artificial intelligence-based video-verification process.
  • It will be of immense help to the pensioners as they can submit their identification and life certificates digitally, without visiting any government office simply by using their mobile phones.
  • This facility will also be available at the ‘Mo Seva Kendras’ located across the state. Patnaik said the introduction of digital life certificates and E-dairy were part of his government’s 5T and ‘Mo Sarkar’ initiatives.

2. UP’s Jhansi Railway Station renamed as ‘Veerangana Laxmibai Railway Station’.

  • Yogi Adityanath, Chief Minister of Uttar Pradesh has announced that the government of UP has renamed the Jhansi Railway Station, in Jhansi, UP as “Veerangana Laxmibai Railway Station” after Rani Laxmibai.
  • The announcement was made by UP Chief Minister Yogi Adityanath. A notification to this effect has been issued by the UP government and the Railways has started preparations to implement the change.
  • Earlier the Mughalsarai Railway station was renamed as Pt. Deen Dayal Upadhyaya junction and the Faizabad Railway station as Ayodhya Cantt.

3. Telangana tops in highest number of ODF villages.

  • Telangana stood first in the country in the list of the highest number of open defecation free (ODF Plus) villages under the Swachh Bharat Mission (Grameen) Phase-II programme till December 31, 2021.
  • As many as 13,737 out of 14,200 villages in the State are on the ODF Plus list, which is 96.74%. This was followed by Tamil Nadu with 4,432 villages (35.39%) and Karnataka with 1,511 villages (5.59%). Gujarat took the 17th position with only 83 villages (0.45%).

4. Odisha’s Ganjam district is now child marriage free.

  • Odisha’s Ganjam has declared itself a child marriage free district, the first in the State. The district administration has been able to stop as many as 450 child marriages and video-record 48,383 marriages in two years — 2020 and 2021.
  • After verification, the Ganjam administration declared it a child marriage free district. Sarpanchs and task force committee members had sent recommendations that no child marriage had taken place in their respective areas.
  • Ganjam had started a programme Nirbhaya Kadhi (Fearless bud). All heads of educational institutes were directed to inform the administration if any girl aged between 12 and 18 remained absent from school for five days.
  • As many as one lakh teenagers have undergone counselling in the past two years. The administration also made the production of Aadhaar cards mandatory for any marriages to take place.

5. Himachal Pradesh became 1st LPG enabled & smoke free state of the country.

  • Himachal Pradesh became the first LPG enables, also, smoke-free state. This milestone was achieved due to the Ujjwala Scheme and Grahini Suvidha Yojana by Centre.
  • The Ujjwala scheme was introduced by the government to get rid of the smoke. The Grahini Suvidha Scheme was introduced to assist the women of rural areas.
  • Ujjwalla Yojna was started by the Centre government with the view to free the women of the country from indoor pollution.
  • Along with this, the Himachal government also started the Grihini Suvidha Yojana to benefit as many women as possible, under the scheme.

6. Kerala’s High Court: India’s First paperless court.

  • The Kerala High Court is all set to become India’s first paperless court. Supreme Court judge Justice DY Chandrachud inaugurated the smart courtrooms on 1 January 2022. In the 1st phase six courtrooms, including the Chief Justice’s room, will be converted into smart courts. Also, case files will be made available to the lawyers on the computer screen.
  • Cases e-filed will be processed, verified and cured through e-mode, stakeholders can avail the option of hearing of cases in hybrid mode involving physical hearing as well as through videoconferencing, and orders and judgments will also be delivered through e-mode.
  • Every part of the process can be viewed, processed through the dashboard or virtual box of individual stakeholders and participants in the judicial process. All stakeholders, including litigants, could access, work and update cases from the comfort of their homes, offices or in transit, added the communication.

1. SBI Card joined hands with Paytm for Card Tokenization.

  • SBI Cards and Payment Services has tied up with Paytm for card tokenisation to protect the data of the cardholders. SBI Card has collaborated with Paytm to 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, termed as token, which secures the customer’s card details when a transaction is under process.
  • Currently, only cards issued in the Indian territory are enabled on the Paytm network. However, customers may transact using his/her SBI Card through the Paytm network in international locations.

2. RBI extended deadline for Periodic KYC Update till March 31, 2022.

  • The Reserve Bank of India (RBI) has announced that it has extended the deadline for periodic KYC updates by 3 months till March 31, 2022. Extension in view of prevalent uncertainty due to a new variant of COVID-19 – Omicron. Earlier the deadline for periodic KYC updates was December 31.
  • Meanwhile, the government has also extended the deadline for businesses to file GST annual returns for the 2020-21 fiscal ended March 2021 by two months till February 28.

3. RBI approved Fino Payments Bank for international remittance business.

  • Reserve Bank of India has approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS). The approval will enable the customers of Fino Payments Bank to receive money sent from foreign countries.
  • The Bank plans to implement the service in its mobile applications as well and it also plans to partner with more leading money transfer operators (MTOs) to improve its cross-border remittance.

4. RBI Retains SBI, ICICI Bank, HDFC Bank as D-SIBs 2022.

  • Reserve Bank of India has retained State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs). These three banks have continued to be on the D-SIBs list published by RBI, since Sep 04, 2017.
  • Domestic Systemically Important Banks are those banks which if fail would have a significant impact on the economy. The D-SIBs banks are classified into 5 buckets. Bucket 1, Bucket 2, Bucket 3, Bucket 4 and Bucket 5.
  • With Bucket 5 being the most important followed by rest in decreasing order. State Bank of India is in Bucket 3, while ICICI Bank and HDFC Bank are in Bucket 1. The updated list is based on the data collected from banks as of March 31, 2021.

5. RBI: Airtel Payments Bank gets scheduled bank status.

  • Airtel Payments Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) in the second schedule of the Reserve Bank of India Act, 1934. With this, Airtel Payments Bank can now pitch for the government.
  • Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users. It offers a suite of digital solutions through the Airtel Thanks app and a retail network of over 500,000 neighbourhood banking points. The bank turned profitable in the quarter ended September 2021.

6. RBI issued framework for offline.

  • Reserve Bank of India has issued a framework for facilitating small-value digital payments in offline mode using cards, wallets, mobile devices, etc, to push digital transactions in rural and semi-urban areas.
  • The upper limit of an offline payment transaction was fixed at Rs 200, with a total limit of Rs 2,000 at any point in time. The framework will enable the Authorised Payment System Operators (PSOs) and Payment System Participants (PSPs), Acquirers and Issuers (banks and non-banks) to conduct small value offline digital payments.
  • Under the offline mode, payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, and mobile devices.
  • These transactions will not require an additional factor of authentication (AFA), the Reserve Bank of India said, adding that since the transactions are offline, alerts (by way of SMS and/or e-mail) will be received by the customer after a time lag.

7. RBI cancelled authorisation certificates of Muthoot Vehicle Finance, Eko India.

  • Reserve Bank of India (RBI) has cancelled the Certificate of Authorisation (CoA) of two Payment System Operators (PSOs): Muthoot Vehicle and Asset Finance Limited and Eko India Financial Services Private Limited, citing non-compliance with regulatory requirements under the Payment and Settlement Systems Act, 2007.
  • Both Muthoot Vehicle and Asset Finance Limited and Eko India Financial Services Private Limited had the certificate of authorisation issued by the RBI for issuance and operation of prepaid payment instruments.
  • The RBI further mentioned in its press release that the COA cancellation came into force on December 31, 2021. But RBI clarified in its notice that the customers or merchants who have a valid claim on these companies as PSOs can approach them for settlement of their claims within three years from the date of cancellation.

1. India defeat Sri Lanka in U-19 Asia Cup 2021 finals.

  • India has lifted the under-19 Asia cricket Cup by defeating Sri Lanka by nine wickets in a rain-interrupted One-Day International final in Dubai through the Duckworth-Lewis-Stern method.
  • In the match, Sri Lanka opted to bat first and scored 106 for nine in the stipulated 38 overs. India, who have won a record seven Asia Cup titles, looked a far superior team.

1. GST Collection Stood At Rs 1.29 Lakh Crore in December 2021.

  • GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month in 2020.
  • The gross GST revenue collected in the month of December 2021 is ₹ 1,29,780 crore, of which CGST is ₹ 22,578 crore, SGST is ₹ 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crores collected on import of goods) and cess is Rs 9,389 crore.

2. GoI keeps interest rates on Small Savings Schemes unchanged.

  • The interest rates on the small savings schemes will remain the same for the fourth quarter of 2021-2022 (January – February – March 2022) as they were in the third quarter of 2021-22 (October-December 2021).
  • It must be noted that West Bengal is the highest contributor to the small saving schemes while Uttar Pradesh is the second top contributor. Also remember, the government notifies the Interest rates for small savings schemes on a quarterly basis.

3. India records highest-ever monthly exports at $37 billion in December.

  • The preliminary data released by the commerce and industry ministry, India exported goods worth $37.29 billion in December, the highest ever in a month, as demand for items such as engineering products, petroleum items, and gems and jewellery continued to soar.
  • India’s export has increased by 37 per cent from the figures of December 2020. The import has also increased by 38 per cent from last December. India’s exports of goods will cross 400 billion dollars in this fiscal year.

1. 1st electric boat built for Kochi Water Metro Project.

  • In Kerala, the first battery-powered electric boat built for the Kochi Water Metro Project was handed over to the Kochi Metro Rail Limited. The fully air-conditioned boat is among the 23 boats being built by the Cochin Shipyard for the 747-crore rupee Kochi Water Metro project.
  • Kochi Water Metro system will have 78 ferries, linking 38 terminals spread over 76 route kilometres. The battery-powered water metro boat can carry 100 passengers. KMRL said it was for the first time in the world a centrally controlled integrated water transport system with a large fleet is powered by the battery.

2. Jawaharlal Nehru Road renamed as ‘Narendra Modi Marg’.

  • Governor of Sikkim, Ganga Prasad, has named a new road Narendra Modi Marg. The Governor viewed the road under Kabi Lungchok from Kyongsala, 4th mile. This is an alternative to Jawahar Lal Nehru Marg.
  • The National Monument at National Highway 310 was built by Border Roads Organization. It will be easier for Indian tourists to reach Nathula Border. The stretch, constructed by Border Roads Organisation, has reduced the distance between Gangtok and Tsomgo lake by 15 km.

3. Ladakh celebrated traditional new year ‘Losar Festival’.

  • The Losar Festival in Ladakh is celebrated at the onset of the New Year in the traditional schedule of Tibetan Buddhism. It is celebrated by the Buddhist Community in the Ladakh region.
  • The Losar is a 15 days festival, from the start of the Tibetan Lunar calendar, marking the 1st day of the 11 months in the Tibetan Calendar. Losar is a Tibetan word that means ‘New Year’.
  • The festivities began with the celebration of Birth and Nirvana Anniversary Je Tsongkhapa with illuminations of religious places like Monasteries, Stupas, residential and other places. The eve of the Losar festival is also celebrated with memorial food offerings for the departed loved ones.

4. Indian-Origin Captain Harpreet Chandi reaches South Pole.

  • Captain Harpreet Chandi, Indian-origin British Sikh Army officer and physiotherapist, also known as Polar Preet, has created history by becoming the first woman of colour to complete a solo unsupported trek to the South Pole.
  • Capt. Chandi announced her history-making feat at the end of Day 40 after travelling 700 miles (1,127 kilometres) while pulling a pulk or sledge with all of her kit and battling temperatures of minus 50 degrees Celsius and wind speeds of around 60mph.
  • As part of a Medical Regiment in the northwest of England, Capt. Chandi’s primary role is to organise and validate training for medics in the Army as Clinical Training Officer.

1. Vinay Kumar Tripathi named as Chairman and CEO of Railway Board.

  • 1983 Batch of Indian Railway Service, Vinay Kumar Tripathi has been appointed as new Chairman and Chief Executive Officer of Railway Board. He is presently working as General Manager, Northeastern Railway to the post of Chairman of Railway Board.
  • Indian Railway Board is the apex body of the Indian Railways, which reports to parliament through the Ministry of Railways. The Appointments Committee of the Cabinet has not only approved the appointment of Tripathi for six months from January 1 but also further granted an extension of his tenure till 31 December in 2022.
  • Vinay Kumar Tripathi has attended higher Management training programmes in Switzerland & USA. Tripathi had played a key role in the commissioning of state-of-art three-phase locomotives and their indigenization, which are now the workhorse of Indian Railways. Tripathi holds wide experience in railway management and administrations.

2. Baldev Prakash named as MD & CEO of J&K Bank.

  • Baldev Prakash has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of Jammu & Kashmir Bank for three years. His appointment will be effective from the date of taking charge or April 10, 2022, whichever is earlier.
  • Apart from him, R K Chhibber has been appointed as an additional director on the board of the bank.
  • Prakash has over 30 years of experience in banking. He had joined SBI as a probationary officer in 1991 and was the Chief General Manager (Digital and Transaction Banking Marketing Department) at SBI, Mumbai. The appointment is effective from the date of taking charge or April 10, 2022, whichever is earlier.

3. VS Pathania takes over as Director-General of Indian Coast Guard.

  • V.S. Pathania took over as the 24th Director General (DG) of the Indian Coast Guard from Krishnaswamy Natarajan who retired from service. He is an alumnus of Defence Services Staff College, Wellington and National Defence College, New Delhi.
  • He was elevated to the rank of Additional Director General in Nov 2019 and took over the reins as Coast Guard Commander (Eastern Seaboard) at Visakhapatnam.
  • In a career of over 36 years, Pathania has held several key appointments afloat and ashore and has also commanded all classes of Coast Guard ships namely Inshore Patrol Vessel ‘Ranijindan’, Offshore Patrol Vessel (OPV) ‘Vigraha’ and advanced OPV ‘Sarang’, it said.
  • He was elevated to the rank of Additional Director General in November 2019 and took over as Coast Guard Commander (Eastern Seaboard) at Visakhapatnam.
  • Pathania is the recipient of President’s Tatrakshak Medal for Distinguished Service, Tatrakshak Medal for gallantry and DG Coast Guard Commendation.

4. Vinod Kannan named as next CEO of Vistara airline.

  • Vinod Kannan took over as the Chief Executive Officer (CEO) of Vistara Airlines. He replaced Leslie Thng who was the CEO from July 16, 2017, to December 31, 2021. It added that Deepak Rajawat has been elevated to take up the role of Vistara’s Chief Commercial Officer.
  • Vistara, is a 51:49 joint venture between Tata Sons Private Limited and Singapore Airlines.
  • Kannan spent over two decades working with SIA and has held several senior positions in the airline’s head office in Singapore as well as overseas. He holds a Master’s degree in Business Administration from the National University of Singapore and the University of California, Los Angeles.

5. Indian-origin Ashok Elluswamy was first employee to be hired for Tesla’s.

  • Tesla founder and CEO Elon Musk, who has been using social media to recruit people, has disclosed that Indian-origin Ashok Elluswamy was the first employee to be hired for his electric vehicle company’s Autopilot team.
  • Before joining Tesla, Mr Elluswamy was associated with Volkswagen Electronic Research Lab and WABCO Vehicle Control System.
  • Ashok Elluswamy holds a bachelor’s degree in Electronics and Communication Engineering from the College of Engineering Guindy, Chennai and a Master’s degree in Robotics System Development from Carnegie Mellon University.

6. Alka Mittal becomes 1st women head of Oil and Natural Gas Corporation.

  • Director HR in ONGC, Alka Mittal has been given the additional charge as the new interim chairman and managing director (CMD) of Oil and Natural Gas Corporation (ONGC), the largest oil and gas producer in India.
  • She is the first woman to head the top post at the Maharatna company. She replaces Subhash Kumar who superannuated on December 31. He was also serving as an interim head.
  • Alka Mittal has been appointed for a period of six months with effect from January 1, 2022, or till the appointment of a regular incumbent to the post, or until further order, whichever is the earliest.

7. RBI named Ajay Kumar Choudhary and Deepak Kumar as new Executive Directors.

  • The Reserve Bank of India (RBI) has appointed Deepak Kumar and Ajay Kumar Choudhary as new executive directors (ED) with effect from 03 January.
  • Prior to being promoted as ED, Deepak Kumar was heading the department of information technology of RBI, while Ajay Choudhary was Chief General Manager-in-Charge, Department of Supervision.
  • Kumar has over a span of three decades working in RBI’s central office departments covering policy making and project management functions in the areas of information technology, cyber security, payment systems, currency management, human resource management, banking supervision, foreign exchange management.
  • Meanwhile, Choudhary has, over a span of three decades, served in supervision, regulation, currency management, payments and settlements, and other areas in the Reserve Bank, in its Central Office as well as Regional Offices. He will look after the fintech department, risk monitoring department and inspection department.

8. Atul Keshap appointed as President of US-India Business Council.

  • Indian-origin American diplomat Atul Keshap has been appointed as the President of the U.S.-India Business Council (USIBC) by the US Chambers of Commerce. His term is effective from January 05, 2022. The US Chambers of Commerce is the parent body of USIBC. Atul Keshap replaces Nisha Desai Biswal.
  • Prior to this, Keshap served in Delhi as United States Chargé d’Affaires to India, leading the US Embassy team. The USIBC represents top global companies operating across the United States, India, and the Indo-Pacific.

9. G Asok Kumar named as DG of National Mission for Clean Ganga.

  • Additional Secretary under the Ministry of Jal Shakti, G Asok Kumar was appointed as the new Director-General of the National Mission for Clean Ganga (NMCG) under the Ministry of Jal Shakti. He succeeded Director-General, Rajiv Ranjan Mishra.
  • Kumar is popularly known as ‘the Rain Man of India’ for his excellent work in rainwater harvesting under the “Jal Shakti Abhiyan: Catch the Rain” campaign.
  • National Mission for Clean Ganga(NMCG) was registered as a society on 12th August 2011 under the Societies Registration Act 1860. It acted as the implementation arm of the National Ganga River Basin Authority (NGRBA) which was constituted under the provisions of the Environment (Protection) Act (EPA),1986.

10. Shafali Verma appointed as Brand Endorser of Bank of Baroda.

  • State-owned Bank of Baroda has signed cricketer Shafali Verma as its brand endorser.
  • The Bank continuously supports the youth of the country through its various banking and non-banking initiatives and this announcement reflects the bank’s ethos of adding value to its customer experience by choosing youth-icons like Shafali to inspire them.”
  • In 2019, at the age of 15, Shafali became the youngest cricketer to play in a Women’s Twenty20 International match for India. Previously in 2021, Shafali Verma became the 1st Women Cricketer to Hit 3 Sixes in Test Match.

11. Govt re-appoints Vijay Paul Sharma as CACP Chairman.

  • The Centre has re-appointed Vijay Paul Sharma as the chairman of the Commission for Agricultural Costs & Prices (CACP) after he relinquished the post in May last year following completion of the five-year tenure.
  • The role of the CACP chairman will be crucial in the proposed committee on the minimum support price (MSP) and other reforms. Sharma, a professor at the Centre for Management in Agriculture at the Indian Institute of Management, Ahmedabad, was appointed CACP Chairman for the first time in June 2016.
  • The Commission for Agricultural Costs and Prices, established in 1965, is an apex advisory body under the Ministry of Agriculture, Government of India. It’s an expert body that recommends the Minimum Support Prices (MSPs) by taking into consideration various factors.

1. WFP & The Akshaya Patra Foundation partnered to enhance PM POSHAN Scheme.

  • United Nations’ World Food Programme (WFP) in India, has partnered with The Akshaya Patra Foundation (TAPF), a not-for-profit organization, to enhance the effectiveness of the Pradhan Mantri – Poshan Shakti Nirman (PM POSHAN) scheme (earlier known as National Programme for Mid-Day Meal in Schools).
  • The partnership aims to enhance food safety and hygiene projects, capacity building of cooks-cum-helpers and nutritional quality of school meals.
  • Under this collaboration, WFP and TAPF will share knowledge through workshops and policy and strategy dialogues with the government to enhance the quality of the school meal programme.
  • Since its inception in 1961, school meals have been part of WFP’s mission. WFP has six decades of experience supporting school feeding and working with more than 100 countries to set up sustainable national school feeding programmes.

1. Exercise Milan 2022: India to host 46 nations mega naval wargames.

  • India has invited a total of 46 friendly foreign countries to participate in the multinational naval exercise Milan in Visakhapatnam, scheduled from February 25, 2022.
  • The theme of this 11th edition of exercise Milan is camaraderie, cohesion and collaboration. This exercise was initiated in 1995 and held biennially and conducted with friendly navies.
  • The professional competitions and conferences planned during this phase shall build the operational tempo for the Sea Phase planned from March 1-4. This Phase would be utilised to consolidate upon the lessons learnt during harbour interactions and to build upon the experience of operating together at sea.
  • The countries that have been extended invitations for participation include Russia, the United States, the United Kingdom, Australia, Israel, Iran, France, Japan, South Korea, Vietnam, Bangladesh, Brazil, United Arab Emirates, among others.
  • As per an official, India has increased its naval engagements with friendly nations at bilateral, trilateral and multilateral levels since 2018.

2. Sea Dragon 2022 Exercise: India joins ‘Sea Dragon’ exercise.

  • India and its partners in the Quadrilateral Security Dialogue or Quad along with Canada and South Korea are participating in the multinational exercise Sea Dragon 2022 at Guam in the Western Pacific.
  • The six nations that are participating in the exercise are the United States, Australia, Canada, India, Japan and South Korea.
  • The exercise, primarily focused on anti-submarine warfare (ASW) training, will involve more than 270 hours of in-flight training and activities ranging from tracking simulated targets to tracking a US Navy submarine. Each event will be graded and the country scoring the highest points will receive the Dragon Belt award.

1. Bollywood film producer Vijay Galani passes away.

  • Bollywood film producer Vijay Galani has passed away. He was suffering from blood cancer and was in London for seeking treatment.
  • He is known for producing films like Salman Khan’s Suryavanshi (1992), Govinda and Manisha Koirala’s Achanak (1998), Akshay Kumar’s Ajnabee (2001), Paresh Rawal and Mallika Sherawat’s Bachke Rehna Re Baba (2005), Salman Khan’s Veer (2010). His last production venture was Vidyut Jammwal and Shruti Haasan’s The Power (2021).

2. Legendary Kenyan Conservationist and Fossil-hunter Richard Leaky passes away.

  • World-renowned Kenyan politician, conservationist and fossil hunter Richard Leakey has passed away. The legendary paleoanthropologist is credited for the discovery of ‘Turkana Boy’ in 1984 which led to groundbreaking discoveries proving that humankind evolved in Africa.
  • Turkana boy is the most complete fossil Skelton of a human ancestor ever found. Paleoanthropology is the study of human evolution through fossil and archaeological records. Leakey is also known to spearhead campaigns against the ivory trade to save the population of African elephants.

3. Indian Navy’s 1971 war veteran Vice Admiral S H Sarma passes away.

  • The Indian Navy’s 1971 Indo-Pak war veteran Vice Admiral S.H. Sarma has passed away, at the age of 100. He was the Flag Officer Commanding Eastern Fleet during the 1971 war. India had defeated Pakistan in the 1971 war leading to the creation of Bangladesh.
  • Vice Admiral Sarma had celebrated his 100th birthday on December 1 last year. He also took part in the Azadi ka Amrut Mahotsav celebration in Delhi recently. Sarma was the Flag Officer Commanding Eastern Fleet during the 1971 war. India had defeated Pakistan in the 1971 war leading to the creation of Bangladesh.

4. 3-time Olympic Gold winning Triple Jump Champion Viktor Saneyev passes away.

  • The Olympic triple jump 3-time gold medalist and former world record holder, Viktor Danilovich Saneyev passed away in Australia.
  • He was a triple long player who represented the Union of Soviet Socialist Republic (USSR) in the Olympic games. Later he worked as a coach in Australia. He secured gold medals in European Games organized in 1969 Athens and 1974 Rome.

5. Sindhutai Sapkal popular as ‘Mother of Orphans’ passes away.

  • Social worker Sindhutai Sapkal, who was called as ‘Mother of Orphans’ passed away at the age of 73 years. She was also referred to just as ‘Sindhutai’ or ‘Mai’. She was awarded the Padma Shri in 2021 in the Social Work category.
  • Apart from this, she had received more than 750 awards and honours in her lifetime. She adopted close to 2,000 orphans and is grandmother to even more. She was from Maharashtra. A biopic on her life titled “Mee Sindhutai Sapkal“ was released in the year 2010.

1. DRDO Celebrates 64th Foundation Day on 1st January 2022.

  • The Defence Research and Development Organisation (DRDO) has observed the 64th Foundation Day of its establishment on January 01, 2022. DRDO was established in 1958 with just 10 laboratories to enhance the research work in the Defence sector.
  • At that time, it was tasked with designing and developing cutting edge defence technologies for the Indian Armed Forces.
  • As of now, DRDO is working in multiple cutting edge military technology areas, which include aeronautics, armaments, combat vehicles, electronics, instrumentation, engineering systems, missiles, materials, naval systems, advanced computing, simulation, cyber, life sciences and other technologies for defence.

2. World Braille Day Observed on 04 January 2022.

  • World Braille Day is observed globally on 4th January since 2019. The day aims to recognize the right of access to braille by blind people and raise awareness of the importance of braille as a means of communication in the full realization of the human rights for blind and partially sighted people.
  • The day is marked remembering the birth anniversary of Louis Braille, the inventor of Braille – for people with visual disabilities. Louis Braille was born on 4th January 1809 in the town of Coupvray in northern France.
  • Braille is a tactile representation of alphabetic and numerical symbols using six dots to represent each letter and number, and even musical, mathematical and scientific symbols. Braille (named after its inventor in 19th century France, Louis Braille) is used by blind and partially sighted people to read the same books and periodicals as those printed in a visual font.

3. World Day of War Orphans 2022: History and Significance.

  • World Day of War Orphans is marked on 6 January to create awareness about the plight of children who have lost their parents due to conflict. In any conflict, children are one of the most disadvantaged and vulnerable groups present.
  • Children who have been injured in a gunfight or separated from their families require particular care in order to heal the mental wounds of war, begin school, and restart normal life.
  • World Day of War Orphans was started by the French organisation SOS Enfants en Detresses, which aimed to help children affected by conflict. According to the United Nations Children’s Fund (UNICEF), an orphan is defined as a “child under 18 years of age who has lost one or both parents to any cause of death”.

1. Danish Siddiqui gets posthumously Mumbai Press Club’s RedInk Award 2020.

  • Photojournalist Danish Siddiqui, who died during an assignment in Afghanistan, has been posthumously awarded as the ‘Journalist of the Year’ for 2020 by the Mumbai Press Club. CJI N V Ramana presented the annual ‘RedInk Awards for Excellence in Journalism’.
  • He presented the prestigious award to Siddiqui “for his spectrum of investigative and impactful news photography”. Danish Siddiqui’s wife Frederike Siddiqui received the award.
  • Senior journalist Prem Shankar Jha, 83, was bestowed with the lifetime achievement award “for his long and distinguished career of incisive and analytical writing”. The Mumbai Press Club instituted The RedInk Awards a decade ago to recognise good investigative and feature writing and raise the bar of journalism in the country.

2. Zishaan A Latif won Ramnath Goenka Award in Photo journalism.

  • Zishaan A Latif won Ramnath Goenka Award in the Photo Journalism category. He won the award for his photo essay, The arduous struggle for inclusion in the NRC, which was published in The Caravan in October 2019.
  • He documented the plight of people who were dropped from the National Register of Citizens (NRC) and put a face to an untold human story. About a month after the NRC list was released, Latif made his way through four districts in Assam, documenting people’s struggle for inclusion in the NRC.

3. Ramnath Goenka Excellence in Journalism awards announced.

  • The Indian Express Group has announced the Ramnath Goenka Excellence in Journalism Awards (RNG Awards) for journalists across the country, for their work done in 2019.
  • RNG awards are one the most prestigious awards in India in the field of journalism, held annually since 2006. The photo stories of our winners appeared in our print and digital editions between December 24, 2021, and January 4, 2022.

4. South Indian Bank won UiPath Automation Excellence awards 2021.

  • South Indian Bank (SIB) won the UiPath Automation Excellence Awards 2021 for Best Automation under ‘Crisis for Business Continuity’.
  • The 2021 edition of the award recognises the contribution of the individuals and organizations across India and South Asia (Sri Lanka, Bangladesh and Nepal) for bringing change through transformative automation projects.

5. JC Chaudhry gets first ever Guinness World Record in Numerology.

  • India’s one of the top numerologists, JC Chaudhry has achieved the first-ever Guinness World Record in Numerology and the first world record of 2022 by educating about ancient science to around 6000 participants, enthusiasts of numerology joined from the United States, the United Kingdom, Middle East, and India.
  • The Guinness World Record London office has opened a new category, “Numerology” for this achievement. The initiative was organised by CNPL (Chaudhry Nummero Pvt Ltd) and the Indian Institute of Numerology to create awareness regarding numerology, which is prevalent across ancient cultures like Greece, Egypt, China, Chaldea and India.

1. Nirmala Sitharaman chairs 46th GST council meet in Delhi.

  • The GST Council’s 46th meeting was held in New Delhi under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
  • The GST Council has recommended deferring the decision to change the rates in textiles recommended in the 45th GST Council meeting. Consequently, the existing GST rates of 5 % instead of 12% in textile sector would continue.
  • This convention attains special significance as it comes days ahead of Sitharaman presenting the much-anticipated Union Budget 2022-23 on February 1, for which she has been holding a series of pre-budget consultations with stakeholders.

1. Covid-19 new variant ‘IHU’ discovered in France

  • Scientists and experts in France have reportedly identified a new variant of COVID-19 termed ‘IHU’. The new variant is said to be a more mutated strain than Omicron.
  • The B.1.640.2 or IHU variant was first identified by the academics at institute IHU Mediterranee Infection and contains 46 mutations, which is more than Omicron.
  • Nearly 12 cases of this new variant have been reported near Marseilles and has been linked to the African country Cameroon.
  • But, the Omicron strain is still dominating in most parts of the world.
  • This new variant can be a major threat, however, the cases have not been reported so far in countries other than France and is not labelled as ‘variant under investigation’ by the World Health Organisation (WHO).

2. CryptoWire introduces India’s first global index of cryptocurrencies IC15

  • CryptoWire, a global crypto super app that is a special business unit of TickerPlant, announced the launch of India’s first index of Cryptocurrencies – IC15, which is a rule-based broad market index by market capitalisation.
  • The IC15 tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, the company stated.
  • The Mumbai-based company has been designed to provide insights into crypto mining and the true benchmark and a mirror of the underlying crypto market, a barometer of the industry in a sense, with a diversified representation of overall market sentiments.

1. Tech Mahindra to acquire 100 percent stake in Allyis India, Green Investments

  • Tech Mahindra has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to USD 125 million.
  • The acquisition will bolster Tech Mahindra’s capabilities in Digital Experience Solutions, Learning & Development, Marketing, Instructional Design; Engineering: Cloud & Automation, BI & Analytics, Technical support services.
  • Tech Mahindra will pay total consideration of up to $125 million, including employment-related and performance-related earnouts, as per a regulatory update filed with the exchanges.
  • Allyis India Pvt Ltd and Green Investments LLC offer technology consulting and managed services for organisations to help reduce costs, improve performance, and meet their objectives. Allyis India Pvt Ltd was incorporated in 2018 whole Green Investments LLC was incorporated in 2013.

2. IRDAI: LIC, GIC Re and New India systemically important insurers.

  • Insurance regulator, Insurance Regulatory and Development Authority of India (Irdai) has stated that LIC, GIC Re and New India continue to be identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22.
  • D-SIIs refer to insurers of such size, market importance and domestic and global interconnectedness, whose distress or failure would cause significant dislocation in the domestic financial system.

3. LIC inaugurates Digi Zone to sell policies online.

  • Life Insurance Corporation (LIC) of India has inaugurated “Digi Zone”, at Bandra Kurla Complex, Mumbai, as part of its effort to enhance its digital footprint.
  • LIC’s Digi Zone can be used by the customers to purchase policies online, pay the premium and avail of other services. As a part of its efforts to become a tech-driven life insurer, LIC will offer information related to its products and services through kiosks installed on the Digi Zone premises.
  • Customers can use LIC’s Digi Zone to buy policies online, pay the premium and avail of other services. LIC plans to undertake the next wave of digital transformation to unlock several benefits of accelerating growth, driving customer satisfaction and improving intermediary productivity and loyalty.

4. NTPC plans to buy 5% equity in Power Exchange of India Ltd.

  • State-owned power generation company NTPC Ltd. is set to acquire a 5 per cent equity stake in Power Exchange of India Ltd (PXIL).
  • It must be noted that the government is planning to expand the share of the spot power market in the total electricity supply in India to 25 per cent by 2023-24. At present, the size of short-term power trading is about 5 per cent.

5. Nippon India MF launches India’s first Auto ETF.

  • Nippon Life India Asset Management Limited, asset manager of Nippon India Mutual Fund (NIMF), has announced the launch of India’s First Auto sector ETF – Nippon India Nifty Auto ETF.
  • Nippon India Nifty Auto ETF will predominantly invest in stocks comprising of the Nifty Auto Index in the same proportion as the Index. It will provide exposure to Top 15 (as per Nifty Auto Index methodology) companies representing auto-related sectors like Automobiles 4 wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries, and Tyres.
  • The Nippon Auto ETF will start operation from January 5, 2022 to January 14, 2022. The minimum investment amount required is Rs 1,000 and in multiples of Rs 1 aftermath.
  • The investment objective of the scheme is “to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Auto Index before expenses, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

6. NBBL launched UPMS to simplify recurring bill payments.

  • NPCI Bharat BillPay Ltd. (NBBL), the wholly-owned subsidiary of National Payments Corporation of India has introduced a functionality called ‘Unified Presentment Management System’ (UPMS).
  • NBBL through UPMS will enable the customers to set up standing instructions – from any channel and for any mode on their recurring bill payments. The bills will be automatically fetched from the billers and presented to customers for their action, in terms of auto-debit and bill payment management.
  • The bills will be automatically fetched from the billers and presented to customers for their action, in terms of auto-debit and bill payment management.
  • UPMS will be available to customers through the centralized infrastructure and application support provided by Bharat BillPay Central Unit (BBPCU).

7. Google acquires Israeli cybersecurity startup Siemplify for $500 million.

  • Alphabet Inc-owned, Google has acquired Israeli cybersecurity startup Siemplify, in a deal worth $500 million. This acquisition will expand the U.S. tech giant’s security offerings in the country amid rising cyber-attacks.
  • Siemplify will be integrated into Google Cloud’s Chronicle operation. As a part of Google Cloud’s security team, Siemplify will help companies better manage their threat response.
  • This purchase marks the fourth acquisition of an Israeli company by Google and its first in the cybersecurity industry outside the US.
  • Siemplify was founded in 2015 by Amos Stern (CEO), Alon Cohen (CTO) and Garry Fatakhov (COO). It has offices in Tel Aviv and headquarters in New York.
  • Siemplify specializes in end-to-end security services for enterprises, typically referred to as security orchestration, automation and response (SOAR) services.

8. Mukesh Ambani’s Reliance Retail invests $200 mn in Dunzo to acquire 25.8% stake.

  • Mukesh Ambani’s Reliance Retail has invested $200 million or around Rs 1,488 crore in Bengaluru-based quick commerce player Dunzo for a 25.8 per cent stake on a fully diluted basis. The move will help Reliance get a foothold in the country’s growing quick delivery market.
  • Dunzo raised a total of $240 million in this latest round led by the Reliance Industries Ltd arm. The other existing investors were Lightbox, Ligthrock, 3L Capital and Alteria Capital, who participated in the round.
  • The funding will be used to strengthen Dunzo’s vision to excel in the quick commerce business, enabling instant delivery of essentials from a network of micro warehouses while also expanding its B2B business vertical to enable logistics for local merchants in Indian cities.
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