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Important Current Affairs for CLAT-14th February 2023

Around 39 crore loans extended under Pradhan Mantri Mudra Yojana till Jan 27

The Centre said that around 39 crore loans have been extended under Pradhan Mantri Mudra Yojana till 27th of January 2023.

The Centre said that around 39 crore loans have been extended under Pradhan Mantri Mudra Yojana till 27th of January 2023. The scheme was introduced in 2015. In a written reply in the Lok Sabha today, Minister of State for Finance, Dr Bhagawat Karad said out of this, over 26 crore loans have been extended to women entrepreneurs and about 20 crore loans to SC, ST and OBC category of borrowers. He said the scheme has helped in generating one crore 12 lakh net additional employment in the country from 2015 to 2018.

Brief Pradhan Mantri Mudra Loan Yojana:

S. NO Parameters Details

1 Scheme Name Pradhan Mantri Mudra Yojana or Modi Loan Scheme

2 Launch Date 8th April 2015

3 Last Date No last date

4 Target Audience Small Business Owners

5 Loan Amount From Rs 50,000 to 10 Lakhs

6 Scheme Stages Shishu (50K), Kishor ( 5 Lakhs), Tarun (Rs 10 Lakhs)

7 Scope of Scheme Across India

8 Launched By PM Narendra Modi.

Chief Justices Appointed To 4 High Courts; Justice N Kotiswar Singh Made Chief Justice Of High Court of J&K and Ladakh

Four judges, including two who will retire later this month, were appointed as chief justices of high courts.

Four judges, including two who will retire later this month, were appointed as chief justices of high courts. Justice Sonia Giridhar Gokani, senior-most judge of the Gujarat High Court, was appointed its chief justice. Once she takes oath, she will be the only woman chief justice of a high court. India has 25 high courts. Justice Sabina is functioning as the acting chief justice of the Himachal Pradesh High Court.

However, Justice Gokani will demit office on February 25 upon attaining the age of 62. Justice Gokani is drawn from the judicial service of Gujarat. “Besides being the senior-most judge, the appointment of Justice Gokani as Chief Justice will bring a sense of inclusion and facilitate a representation for judges drawn from the services in the office of Chief Justice,” the SC Collegium had said while recommending her name.

The Collegium had asked the government to “immediately” appoint her as the chief justice following the elevation of Justice Aravind Kumar, the HC chief justice so far, as a judge of the Supreme Court. He was elevated to the top court.

More About These Appointments:

Justice Jaswant Singh, senior-most judge of the Orissa High Court was appointed as the chief justice of the Tripura High Court. Justice Jaswant Singh is due to retire on February 22.

The office of the Tripura HC chief justice has been lying vacant for some time following retirement of Justice Indrajit Mahanty.

While SC judges retire at 65, HC judges demit office on attaining the age of 62 years.

Justice Sandeep Mehta, Judge, Rajasthan High Court has been appointed as chief justice of the Gauhati High Court while Justice N Kotiswar Singh, Judge, Gauhati High Court has been made chief justice of the High Court of J-K and Ladakh.

Justice Singh’s appointment as the Chief Justice of Jammu & Kashmir and Ladakh High Court was recommended by the Supreme Court Collegium on December 13, 2022. Justice Singh has served thrice as acting Chief Justice of the Gauhati and Manipur High Courts. Justice Singh was born on March 1, 1963 at Imphal, Manipur, to (Late) Justice N Ibotombi Singh of the Gauhati High Court, who had served as the first Advocate General of Manipur, and N Gomati Devi.

He briefly practiced before the Supreme Court of India before shifting to the Gauhati High Court. He was designated as a Senior Advocate by the Gauhati High Court in 2008.

In 2011, Justice Singh was sworn in as an additional judge of the Gauhati High Court and, in 2012, he was made a permanent judge.

He was appointed a judge of the Manipur High Court upon its creation in the year 2013. He was later transferred to the Gauahti High Court in 2018.

Smriti Mandhana Becomes Most Expensive Player in WPL with ₹3.4 crore Bid by RCB

Indian batter Smriti Mandhana was the most expensive buy at the inaugural Women's Premier League auction in Mumbai. RCB snapped her up for INR 3.4 crore deal.

Indian batter Smriti Mandhana was the most expensive buy at the inaugural Women’s Premier League auction in Mumbai. Royal Challengers Bangalore (RCB) snapped her up for INR 3.4 crore deal. After bagging a whopping amount paid by the RCB in the WPL auction, Mandhana is set to earn double the Pakistan Super League (PSL) highest-paid players.

Smriti Mandhana Becomes Most Expensive Player in WPL with ₹3.4 crore Bid by RCB- Key Points

Babar, who played for the Peshawar Zalmi side, under the Platinum category, was traded at the season salary of $1,50,000 or PKR 3,60,00000 (3 Crore 60 lakh).

Mandhana was also the first player to come up for bidding at the auction, having a base price of INR 50 lakh.

RCB and Mumbai Indians were locked in an intense battle for her services, before the former managed to acquire her services, offering an opening as well as a captaincy option.

About Smriti Mandhana

Smriti Shriniwas Mandhana is an Indian cricketer who plays for the Indian women’s national team and the Royal Challengers Bangalore in the WPL. In June 2018, the Board of Control for Cricket in India (BCCI) named her as the Best Women’s International Cricketer. In December 2018, the International Cricket Council (ICC) awarded her with the Rachael Heyhoe-Flint Award for the best female cricketer of the year.

On 30 December 2021, she became a nominee of the ICC Women’s T20 Player of the Year. In December 2021, she, Tammy Beaumont, Lizelle Lee and Gaby Lewis were nominated for the ICC Women’s Cricketer of the Year. In January 2022, the ICC awarded her with the Rachael Heyhoe-Flint Award for the ICC Women’s Cricketer of the Year. At the inaugural auctions of the Indian Women’s Premier League, Smriti was acquired by the Royal Challengers Bangalore for Rs 3.40 crore.

First-Ever Woman Astronaut from Saudi Arabia to go on Space Mission in 2023

The first-ever woman astronaut of Saudi Arabia will go to space this year, Rayyana Barnawi will join fellow Saudi Ali Al-Qarni on a 10-day mission to the International Space Station.

The first-ever woman astronaut of Saudi Arabia will go to space this year, Saudi woman astronaut Rayyana Barnawi will join fellow Saudi Ali Al-Qarni on a 10-day mission to the International Space Station (ISS) this year. Barnawi and Al-Qarni will fly to the ISS aboard a SpaceX Dragon spacecraft as part of a mission by the private space company Axiom Space.

First-Ever Woman Astronaut from Saudi Arabia to go on Space Mission in 2023- Key Points

The Ax-2 will be launched by a SpaceX Falcon 9 rocket from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.

Axiom Space carried out its first private astronaut mission to the ISS in April 2022 under which four private astronauts spent 17 days in orbit.

In 2019, Saudi’s neighbor the United Arab Emirates became the first Arab country to send one of its citizens into space.

Astronaut Hazzaa al-Mansoori spent eight days on the ISS. Another fellow Emirati, Sultan al-Neyadi, will also make a voyage to the space station in February this year.

Neyadi, also known as “Sultan of Space”, will become the first Arab astronaut to spend six months in space when he blasts off for the ISS aboard a Falcon 9 rocket.

Saudi de facto leader Crown Prince Mohammed bin Salman has been trying to shake off the kingdom’s austere image through a push for reforms.

During his regime since 2017, Saudi women have been allowed to drive and travel abroad without a male guardian. Women’s proportion in the workforce has more than doubled since 2016, from 17% to 37%.

In the oil-rich country in 1985, sent country’s royal Prince Sultan bin Salman bin Abdulaziz, an air force pilot on a US-organised mission. It became the first Arab Muslim country to travel to space.

Years later in 2018, the country set up a space program and last year launched another to send astronauts into space as part of Prince Salman’s Vision 2030 agenda for economic diversification.

Mohammad Shahabuddin elected as 22nd President of Bangladesh

A former judge and freedom fighter, Mohammad Shahabuddin Chuppu, was elected unopposed as Bangladesh's 22nd President.

22nd President of Bangladesh

A former judge and freedom fighter, Mohammad Shahabuddin Chuppu, was elected unopposed as Bangladesh’s 22nd President. A gazette was issued on the appointment of the new Bangladesh President by the Chief Election Commissioner. According to the country’s Chief Election Commission, 74-year-old Chuppu will replace President Mohammad Abdul Hamid.

The tenure of incumbent Hamid, the longest-serving president of Bangladesh, will end on April 23, and according to the Constitution, he cannot hold a third term. Senior Awami League leader and seven-time lawmaker Hamid was elected Bangladesh president in the last two elections. He was sworn in for his second term on April 24, 2018.

Who is Mohammad Shahabuddin Chuppu?

After his retirement as a district and sessions judge, Chuppu served as one of the commissioners of the independent Anti-Corruption Commission.

He later joined politics and became a member of the Awami League Advisory Council, which comprises senior party leaders and technocrats.

However, Chuppu will have to relinquish the party post to become the titular head of the State.

Born in the northwestern Pabna district, Chuppu was a leader of Awami League’s student and youth wings in the late 1960s and early 1970s.

He also took part in the 1971 Liberation War and was imprisoned for waging a protest after the August 15, 1975 assassination of Bangladesh’s founder Bangabandhu Sheikh Mujibur Rahman — the father of Prime Minister Hasina — in a military coup along with most of his family members.

The coup also led to the toppling of the Awami League government. In 1982, he was inducted into the country’s judicial service.

Chuppu served as the coordinator of the Bangabandhu murder trial when Awami League returned to power in the 1996 elections.

His wife Rebeka Sultana is the former joint secretary to the government.

Strict Anti-Copying Law comes into force in Uttarakhand: Know all the details

The country's strictest Anti-Copying Law has come into force in Uttarakhand. Governor Lieutenant General Gurmeet Singh has approved the Uttarakhand Competitive Examination.

Uttarakhand Anti-Copying Law

The country’s strictest Anti-Copying Law has come into force in Uttarakhand. Governor Lieutenant General Gurmeet Singh has approved the Uttarakhand Competitive Examination (Measures for Prevention and Prevention of Unfair Means in Recruitment) Ordinance 2023. In view of this, the Anti-Copying Law is being described as the biggest anti-copying law in the country. This comes after the UKPSC paper leak which led to cancellation of exam for around 1.4 lakh government job aspirants.

Strict provisions for those guilty of paper leak

Under this Anti-Copying Law, a provision to impose a fine of 10 crores rupees along with life imprisonment or 10 years in jail for the copycat mafia. Apart from this, there is also a provision to attach the property of the copying mafia.

Under the Uttarakhand Anti-Copying Law, Strict action will also be taken against the students who leak the paper. A provision has been made in the Act that if a student leaks paper in the recruitment examinations, or passes the examination by cheating, then that student will be banned for 10 years.

This means that if a student is found indulging in this type of activity, he/she will not be able to appear in any recruitment examination for 10 years. They will not be able to take part in the recruitment examinations. Gangster Act will be imposed on such students.

Also, their property will also be confiscated. This rule will be applicable to the students who leak the question paper and pass the examination dishonestly by purchasing it.

Govt to set up Bima Sugam Portal to address existing protection gap across General Insurance Business

The government has said that it proposes to set up a Bima Sugam portal to address the existing protection gap across life, health and general insurance businesses in the country.

The government has said that it proposes to set up a Bima Sugam portal to address the existing protection gap across life, health and general insurance businesses in the country. Replying to a question in the Lok Sabha, Finance Minister Nirmala Sitharaman said that the Insurance Regulatory and Development Authority of India(IRDAI) has informed that the portal will be an insurance market infrastructure, where insurers, distribution networks and the policy holders would virtually meet across a seamless digital platform.

She said the portal is expected to improve accessibility and ease of insurance purchase to policyholders. This will also serve as a readymade digital platform for insurers and distribution networks. The initiatives taken by the Government to protect the interest of General Insurance Agents and Life Insurance Agents when this new policy is implemented in insurance sector.

Insurance Sector in India:

The whole general insurance sector in India was nationalised by the Government of India by taking over of shares of more than 50 Indian insurance companies and undertakings of 52 insurers carrying general insurance business in India. This sector was nationalised by the General Insurance Business ( Nationalisation ) Act,1972.

However, the insurance business was evolving India, many problems were thriving simultaneously which needed to be dealt with. Following this, the Government of India set up the Malhotra Committee under the chairmanship of R.N Malhotra to suggest reforms for the insurance sector in India. Following the recommendations of the Malhotra Committee, the Insurance Regulatory and Development Authority (IRDA) was established in1999 to regulate and develop the insurance sector in India.

Types of insurance in India:

Life insurance:

Life insurance policies deal with coverage against unfortunate events like death or disability of the policyholder.

Examples:-

Term Life Insurance

Whole Life Insurance

Endowment Plans

Unit –Linked Insurance Plans

Child Plans

Pension Plans

General insurance:

General insurance plans comprise of other forms of insurances which offer coverage against other unfortunate events and loss except for the death of the policyholder.

Examples:-

Motor Insurance

Home Insurance

Fire Insurance

Travel Insurance.

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