THE HINDU NEWSPAPER and CURRENT AFFAIRS 31/jan/2022

        THE HINDU NEWSPAPER and Important CURRENT AFFAIRS of Indian for competitive exams. Currents affairs for every competitive exam.

THE HINDU

Date : 31/jan/2022

Important CURRENT AFFAIRS are as follow 

Miss USA 2019 Cheslie Kryst passes away

•The Miss USA 2019 pageant winner, Cheslie 

Kryst, passed away in January 2022.

•She was a lawyer and a fashion blogger.

•In 2019, she also won the title of Miss North 

Carolina USA.

•In 2020, her firm appointed its first diversity 

advisor.

Spituk Gustor Festival 2022 begins in Ladakh

• Spituk Gustor, the annual celebrations of 

Ladakhi culture and traditional heritage began 

on 30 Jan 2022.

•It is held at Spituk Monastery.

•The main attraction of the festival was the 

colorful mask dance locally called Chams 

performed by the monks of the monastery 

depicting different deities such as Mahakala 

(Gonbo), Paldan Lhamo (Shridevi), White 

Mahakala, Protector Deity.

Tata Steel to buy Neelachal Ispat Nigam for ₹12,100 

crore

•Cabinet Committee on Economic Affairs has 

approved the sale of Neelachal Ispat Nigam 

Limited (NINL) to Tata Steel Long Products.

•The government does not hold any equity in 

the company.

•NINL has an integrated steel plant with a 

capacity of 1.1 MT, at Kalinganagar, Odisha.

•NINL is a joint venture of 4 Central Public 

Sector Enterprises and 2 Odisha government 

Public Sector Undertakings.

Saudi Arabia's first yoga festival organised in 

Jeddah

• Saudi Arabia's first yoga festival took place on 

29 January 2022 in the commercial center of 

Jeddah.

•The festival was organised by the Saudi Yoga 

Committee (new Saudi Yoga Federation), a 

body under Saudi Arabia Olympic Committee, 

Ministry of Sports.

(Important)Economic Survey 2021-22 tabled on 31 January 

2022-I

•Finance Minister Nirmala Sitharaman on 31 

Jan 2022 tabled the Economic Survey 2021-

22 along with Statistical Appendix in the Lok Sabha on the first day of the Budget session 

of Parliament.

•Economic Survey presents the state of the 

economy and suggests policy prescriptions.

• India forecasted economic growth of 8% to 

8.5% for the coming fiscal year that starts in 

April 2022.

🔛(Important)Economic Survey 2021-22 tabled on 31 January 

2022-II

•Indian economy is expected to witness a real 

GDP expansion of 9.2% in 2021-22 after 

contracting in 2020-21.

•The GDP contracted by 7.3% in 2020-21.

•The revenue receipts of the central 

government from Apr to Nov 2021 have gone 

up by 67.2% (YoY).

• India’s Consumer Price Index inflation stood 

at 5.6% YoY in December 2021.

•Production Linked Incentive Scheme was 

approved for 13 sectors.

GCoE-ACE launched at IIT Dharwad in January 2022

 A virtual function was held to mark the launch 

of the Global Center of Excellence in 

Affordable and Clean Energy (GCoE-ACE) at 

IIT Dharwad in Jan 2022.

Tata Group pick SBI, BoB, HDFC Bank to finance Air 

India's old debt

•The Tata Group has chosen State Bank of 

India, Bank of Baroda (BoB), and HDFC Bank 

as preferred bankers for Air India.

•Tata Sons has availed a Rs 10,000-crore loan 

from SBI and a Rs 5,000-crore loan from BoB.

•The loans are unrated, unsecured, and 

pegged at 4.25% (interest rate) annually.

•The new debt availed by the Tata Group will 

be used to refinance Air India's debt availed 

at over 10%.

Aditya Birla Sun Life Mutual Fund launches Nifty 

Next 50 Index Fund

•Aditya Birla Sun Life AMC Ltd has announced 

the launch of Aditya Birla Sun Life Nifty Next 

50 Index Fund.

•As per the asset management company 

(AMC), the objective of the scheme is to 

provide returns that closely track the total 

returns of securities as represented by the 

Nifty Next 50 Index.

• The new fund offer (NFO) opened for 

subscription on 31 Jan and will close on 14 

February 2022.

APSEZ's composite scheme to acquire Sarguja Rail 

Corridor

• Adani Ports and Special Economic Zone 

(APSEZ)'s composite scheme to 

acquire Sarguja Rail Corridor Pvt Ltd 

(SRCPL) has been approved by the National 

Company Law Tribunal (NCLT).

•Gurugram gets India’s biggest electric vehicle 

charging station

 An electric vehicle charging station with 

hundred charging points is now opened in 

Gurugram, Haryana.