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Current Affairs One-Liner: 12th March 2022

Published on March 12, 2022
  • As per the V-Dem (Varieties of Democracy) Institute report which is titled ‘Democracy report 2022: Autocratisation Changing Nature’ India was termed to be the top ten ‘autocratisers’ in the world which indicates India is autocratic rather a democracy which is indicated as an electoral autocracy. India is ranked at 93rd position on the Liberal Democracy Index.
  • RBI has announced that National Bank for Financing Infrastructure and Development (NaBFID) will be regulated and supervised by it as an All India Financial Institution (AIFI) under the RBI Act, 1934. It will be regulated and supervised by RBI as an AIFI under Sections 45L and 45N of the Reserve Bank of India Act, 1934.
Current Affairs One-Liner: 12th March 2022
  • Static Part: 
    • RBI has four AIFIs under it: EXIM Bank, NABARD, NHB and SIDBI. And now NaBFID is added under it. The NaBFID supports in developing long-term infrastructure financing
  • The ‘Virtual Smart Grid Knowledge Center (SGKC)’ and ‘Innovation Park’ were inaugurated by Union Minister for Power R.K. Singh. The SGKC is established by POWERGRID with an aim to work on cutting-edge smart grid technologies at this centre.
  • The Bombay Stock Exchange (BSE) has signed MoU with Bhartiya Swarnkar Sangh (BSS) and Jamshedpur Jewelers Association (JJA) to enhance commodities derivatives trade and to promote Electronic Gold Receipt (EGR) in Indian markets.
  • S Sreenath: He is an Indian Cricket player and has announced retirement from all forms of cricket.
  • The Unnati-contactless co-branded credit card was launched by Bank of Baroda Financial Solutions Limited in partnership with CreditAI Fintech Pvt Ltd. It is launched on a visa network, especially for farmers.
  • ‘Women@Work’ program: It was launched by Karnataka. Under the program, job opportunities will be granted to women having employable skills. The state government has set the target to provide five lakh jobs within 2026 to women. The program is developed by Karnataka Digital Economy Mission (KDEM) in association with Karnataka Skill Development Corporation.
  • SKOCH State of Governance Rankings
  • 3rd National Youth Parliament Festival (NYPF)
  • Appointments on 12th March 2022
  • India, Nepal and Bangladesh Finalized MoU to Implement BBIN MVA
  • India’s Real GDP Growth Forecast to be at 7.8% for 2023-- CRISIL

Question: 

Q.1 The Unnati-contactless co-branded credit card was launched by _____ in partnership with CreditAI Fintech Pvt Ltd.
a. Indian Bank
b. Canara Bank
c. Bank of Baroda Financial Solutions Limited
d. PNB MetLife India Insurance
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