Current Affairs Quiz - April 2022

Notes:
Indian private sector lender Axis Bank has acquired the Indian consumer banking businesses of US bank Citigroup.
The sale includes businesses of credit cards, retail banking, wealth management and consumer loans for Rs 12,325 crore, as part of plans to exit its retail operations in 13 markets. The sale excludes Citi’s institutional client businesses in India.

 

Notes:
According to the Memorandum of Understanding (MoU) signed between Meghalaya and Assam, 18.33 square kilometer will be with Meghalaya while 18.46 sq km will be with Assam.
This is out of the 36.79 sq km in respect to the 6 out of 12 areas of differences claimed by the Government of Meghalaya in 2011.

Notes:
Odisha celebrates the 86th foundation day of the state on April 1, known as ‘Utkal Divas’. It is on the same day that the state became independent in the year 1936.
Utkal Divas, also known as Odisha Day and Utkala Dibasa, commemorates the struggle which gained a separate identity for the state.

Notes:
The State Cabinet of Karnataka approved Renewable Energy Policy (2022-27). It aims for developing the State as a hub of renewable energy generation as well as manufacturing of equipment related to renewable energy.
The policy also seeks to upgrade the renewable energy generation capacity of the State to 10 GW in the next five years. This also includes 1 GW of rooftop solar energy.

Notes:
The government has decided to maintain the status quo on interest rates of small savings instruments for the April-June quarter.
The interest rate of the Sukanya Samriddhi Yojana is 7.6 per cent while the Public Provident Fund (PPF) fetches 7.1 per cent. Interest rates on small saving schemes are reset on a quarterly basis, tracking the movement in benchmark government bonds.

Notes:
The Ministry of Civil Aviation has launched International Air Connectivity Scheme (IACS) scheme (International UDAN) to enhance air connectivity from certain States of the country with selected international destinations.
The State Government of Assam, Manipur and Tripura have identified routes connecting Guwahati, Imphal and Agartala with selected international destinations.

Notes:
State-run Indian Oil Corporation (IOC), Engineering and construction major Larsen & Toubro (L&T), and ReNew Power have announced a joint venture (JV) company to develop the green hydrogen sector in India.
India plans to produce 5 million tonnes of green hydrogen by 2030. In February, the Centre launched the country’s first green hydrogen policy as part of its energy transition plan.

Notes:
‘Wagner Group’, is a private military company of Russia. As per British military intelligence, 1,000 mercenaries from the ‘Wagner Group’ are being deployed to eastern Ukraine.
The group has been active over the past eight years in Ukraine, Syria and African countries. It has repeatedly been accused of war crimes and human rights abuses. The Wagner Group first went into operation during Russia’s annexation of Crimea in 2014.

Notes:
Axis Bank has collaborated with Asian Development Bank (ADB) for a partial guarantee programme with initial outlay of USD 150 million
The programme aims at supporting supply chain financing for impact sectors. Under the agreement, special focus will be towards ESG (environmental, social and governance) and other priority sectors.

Notes:
The Ministry of Home Affairs (MHA) has sought another six-month extension to frame the rules of the Citizenship (Amendment) Act, 2019 (CAA).
The amendment seeks to fast-track the citizenship process of six non-Muslim undocumented communities from Pakistan, Bangladesh and Afghanistan. This is also the fifth extension sought by the Union Home Ministry.