1) World Hindi Day: 10 January
•World Hindi Day is celebrated on January 10 since 2006 to promote the language at the global stage. The day marks the anniversary of the first World Hindi Conference which was inaugurated on January 10, 1975, by the then prime minister Indira Gandhi. However, the celebration of first World Hindi Day was commenced on 10 January 2006 by former Prime Minister Dr. Manmohan Singh.
2) PM declares December 26 to be observed as ‘Veer Baal Diwas’ annually
•Prime Minister of India, Narendra Modi has declared that starting from the year 2022, December 26 will be observed as ‘Veer Baal Diwas’ every year. The day will be commemorated as a tribute to the courage of the 4 Sahibzades (the four sons of Guru Gobind Singh Ji), who attained martyrdom in the 17th century. The announcement was made by PM Modi on January 09, 2022, on the occasion of the Parkash Purab of Sri Guru Gobind Singh Ji, or the birth anniversary of the 10th guru of Sikhs and the founder of the Khalsa community.
3) Sikkim celebrated Losoong (Namsoong) Festival
•Losoong (Namsoong) is annually celebrated across the Indian State of Sikkim on the 18th day of the 10th month of the Tibetan Lunar Calendar, which also marks the beginning of the harvest season. The Namsoong festival begins on the 1st day of the new moon phase Kurneet Lovo, as per the Lepcha lunisolar Calendar known as Dungkit Karchu. The losoong festival is celebrated as Sonam Losoong, by the Sikkimese Bhutia and as Namsoong by the Lepchas. The festival is also celebrated in Nepal and Bhutan.
4) Sudhir Kumar Saxena committee constituted to enquire security lapses during PM Punjab visit
•Ministry of Home Affairs has constituted a committee to enquire into the serious lapses in the security arrangements during Prime Minister Narendra Modi’s visit to Punjab. It is a three-member committee and will be headed by Sudhir Kumar Saxena, Secretary (Security), Cabinet Secretariat. It also comprises Balbir Singh, Joint Director, IB and Suresh, IG, SPG.
•The committee has been asked to inquire about the alleged lapses in the security arrangements of PM Modi “which led to the exposure of the VVIP to grave risk” and submit the report at the earliest. The move comes just ahead of the Supreme Court’s hearing on the PM’s security breach. It was the government’s own former ASG, Maninder Singh, who moved SC seeking an independent probe into the PM’s security breach. The court is slated to hear the matter on January 7.
5) Australia & Japan signed defence agreement to counter China
•The leaders of Japan and Australia signed a “landmark” defence agreement that allows closer cooperation between their militaries and stands as a rebuke to China’s growing assertiveness in the Indo-Pacific region. Australian Prime Minister Scott Morrison and Japanese Prime Minister Fumio Kishida met in a virtual summit to sign the Reciprocal Access Agreement, the first such defence pact signed by Japan with any country other than the United States.
6) GoI extends Navrang Saini’s term as interim chief of IBBI
•The Government of India has extended the tenure of Navrang Saini as interim Chairperson of Insolvency and Bankruptcy Board of India (IBBI) for three more months till March 05, 2022. Mr. Saini, who is a Whole Time Member of IBBI, was assigned additional charge of Chairperson in addition to his existing duties in October 2021 for three months till January 13, 2022. The post of full-time Chairperson has been lying vacant after M.S. Sahoo retired upon completing a five-year tenure on September 30, 2021.
7) Reliance acquires controlling stake of 73.37% in New York’s Mandarin Oriental hotel
•Reliance Industries Ltd (RIL) has announced the acquisition of a controlling stake of 73.37% in Mandarin Oriental New York, a premium luxury hotel in midtown Manhattan. RIL through its wholly-owned arm Reliance Industrial Investments and Holdings Limited has acquired the entire share capital of Cayman Islands-based Columbus Centre Corporation (Cayman), for an equity value of approximately $98.15 million (Rs 735 crore).
•Cayman is the parent company of Mandarin Oriental hotel. It had indirect ownership of a 73.37 per cent stake in the hotel. Reliance will also take over the hotel’s debt in excess of $115 million to take the entire deal value to around $270. The transaction is anticipated to close by the end of March 2022.
8) SBI Ecowrap: India’s Real GDP projected to grow at around 9.5% in FY22
•The economic research team of the State Bank of India (SBI) released its Ecowrap report. In the report, SBI researchers have revised upwards the real GDP of India to around 9.5 per cent in 2021-22 (FY22) on a year-on-year (YoY). The report believes that though rising Covid infections could impact mobility, yet economic activity is not expected to get much affected.
9) RBI data: Forex reserves decline by USD 1.466 bn to USD 633.614 bn
•As per the latest Reserve Bank of India (RBI) data, the foreign currency reserves of India declined by $1.466 billion to $633.614 billion, in the last week of 2021, which ended December 31, 2021. Gold reserves rose by USD 14 million to USD 39.405 billion. India’s forex touched a lifetime high of USD 642.453 billion in the week ended September 03, 2021. Forex reserves include foreign currency assets (FCAs), gold reserves, SDRs and the country’s reserve position with the IMF.
10) NSO projects Indian economy to grow 9.2% in FY22
•National Statistical Office (NSO) has estimated India’s GDP to grow at 9.2 per cent in the current fiscal, 2021-22. NSO released its first advance estimates of economic output on January 07, 2022. The GDP estimate for the 2020-21 fiscal was projected at a contraction of 7.3 per cent by NSO.
