Daily Current Affairs  – 21 April 2022

In News The Ministry of Corporate Affairs (MCA) has tightened the rules for Nidhi Companies. About Nidhi companies  Meaning: Nidhi Company is a type of Non-Banking Financial Company (NBFC). It is formed to borrow and lend money to its members. It inculcates the habit of saving among its members and works on the principle of […]

In News The National Financial Reporting Authority (NFRA) to get more powers to act against auditors and company executives. About Constitution: The NFRA was constituted as a statutory body in 2018 by the Government of India under Sub Section (1) of section 132 of the Companies Act, 2013. Functions and Duties:  Recommend accounting and auditing […]

In News  Every year 21st of April is celebrated as National Civil Services Day. Civil Service in our country comprises Indian Administrative Service, Indian Police Service, Indian Foreign Service, and a comprehensive list of All India Services and Central Services Group A and B. National  Civil Service Day About: The day is solely dedicated to […]

In News  Recently, Scientists discovered new eel species named Ariosoma indicum from Kerala and  West Bengal respectively. Their study was published in the Journal of Fish Biology March 30, 2022.     About Ariosoma indicum Scientists confirmed Ariosoma indicum as a new species after two years of through research, taxonomic studies and molecular analysis. The […]

In News  Recently, the Sun unleashed a massive ‘X-Class’ solar flare, causing major fluctuations in the ionosphere above India.  About  X-Class denotes the most intense flares, while the number provides more information about its strength. It has been caused because of the ionospheric impact localised over the Pacific region It can impact satellite communication and […]

In News The Finance Minister in her Budget announcement envisaged setting up 75 digital banking units in 75 districts of the country.  Digital Banking Units History: In India, digital banking started taking shape in the late 1990s with ICICI Bank being the first one to bring the service to their retail clients. Meaning: It is […]

In News The PM of Sri Lanka has proposed a constitutional amendment repealing the 20th Amendment to the Constitution, and bringing back clauses of the 19th Amendment as the 21st Amendment to the Constitution. Background Economic turmoil: Sri Lanka is grappling with unprecedented economic turmoil since its independence from Britain in 1948. The crisis is […]

In News Recently, the Ministry of Civil Aviation has proposed a Draft law to enable aircraft lessors to repossess aircraft during dispute. About  Stakeholders’ comments are sought on the draft Protection and Enforcement of Interests in Aircraft Objects Bill, 2022.  The new law will help international aircraft leasing companies to repossess and transfer planes out […]

In News Recently, the NITI Aayog released Draft Battery Swapping Policy for Stakeholder Comments. Draft Battery Swapping Policy Vision: To catalyse the large-scale adoption of Electric Vehicle (EVs) by improving efficient and effective use of scarce resources (viz. public funds, land, and raw materials for advanced cell batteries) for the delivery of customer centric services.  […]

In News  Recently, the Vice President of India visited the birthplace of noted freedom fighter and revolutionary, Shri Alluri Sitarama Raju in Pandrangi village near Visakhapatnam, Andhra Pradesh. About Alluri Sitaram Raju  He was an Indian revolutionary involved in the Indian independence movement. Birth and Early life: Born on July 4, 1897, into a humble […]