Current Affairs for BANK, IBPS Exams - 12 April 2022

::National::

Modi to virtually inaugurate hostel, education complex in Gujarat

Prime Minister NarendraModi will virtually inaugurate the hostel and education complex of Shree Annapurna Dham at Gujarat’s Adalajon on Tuesday. He will also participate in the BhumiPujan of HiramaniArogyaDham of the Jansahayak Trust.
In a tweet, Modi said, “At 11 am tomorrow, 12th April I will inaugurate the hostel and education complex at Shree Annapurna Dham via video conferencing… I fondly recall my visit to Shree Annapurna Dham in 2019.”
The hostel and education centre has 150 rooms and can lodge up to 600 students. Other facilities there include an e-library, primary health facilities, a TV room, a conference room, etc, said the Prime Minister’s Office said in a statement.
The statement added the HiramaniArogyaDham will be developed by the Jansahayak Trust and will have the latest medical facilities, including for dialysis of 14 people at once. There will also be a blood bank with a 24-hour blood supply, an around-the-clock medical store, a modern pathology laboratory, and top-class equipment. The centre will also have advanced facilities for Ayurveda, homeopathy, acupuncture, and yoga.

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::International::

US state department orders non-essential staff to leave Shanghai over Covid

The United States has ordered all non-essential employees at its Shanghai consulate to leave over concerns about their safety, an embassy spokesperson said in a statement Tuesday, as the Chinese city faces a spike in Covid cases and a harsh lockdown.
The US State Department "ordered the departure due to the ongoing Covid-19 outbreak" and US diplomats have raised "concerns about the safety and welfare of U.S. citizens with People's Republic of China officials," the spokesperson said in the statement.
China has stuck to a policy of "zero Covid", aiming to eliminate infections through rigid lockdowns, mass testing and travel restrictions.
Shanghai has been placed under some of the most severe measures since the virus first emerged in Wuhan in 2019, with a strict lockdown leaving many struggling to get enough food and thousands sent to quarantine centres.
The megacity reported more than 23,000 new Covid infections on Tuesday, with most of its 25 million residents still under strict lockdown.
The State Department is now ordering employees to leave as "it is best for our employees and their families to be reduced in number and our operations to be scaled down as we deal with the changing circumstances on the ground," the spokesperson said in the statement.

::Economy::

West Bengal accounts for 10.4% MFI loan portfolio, second in India: Report

West Bengal accounts for 10.4 per cent of the total MFI loan portfolio in the country after Tamil Nadu at 12.4 per cent, as per a new report.
It said the MFI segment created huge small entrepreneurship in the state, covering eight million women, mostly from the underprivileged segment of the society.
The government needs to be more proactive in terms of providing on issues like issuance of trade licences, shop and establishment registration and other compliance processes, the report by the Association of MFIs in India, West Bengal Chapter, said.
It also said AMFI in West Bengal directly employs around 37,000 people, a bulk of them from the low-income families with limited educational qualifications.
As on September 2021, the total loan portfolio in entire eastern India stood at Rs 2,25,331crore, a growth of 1.4 per cent year-on-year.
The MFI sector showed tremendous resilience during the two years of the COVID-19 pandemic wherein it helped borrowers by offering flexible payment options as well as supporting the vulnerable groups, the report added.
RBI says 22 NBFCs have surrendered their registration certificates
Reserve Bank of India on Monday said 22 NBFCs, including BNP Paribas India Finance, Swiss Leasing and Finance, and Available Finance, have surrendered their registration certificates.
The central bank has cancelled their Certificate of Registration (CoR) as they have surrendered the same. With cancellation of the CoRs, these 22 entities cannot transact the business of a Non-Banking Financial Company (NBFC), the RBI said in a statement.
Meanwhile, Essel Finance Home Loans Limited has surrendered the CoR granted to it by the National Housing Bank and subsequently, the same has been cancelled. With this, Essel Finance Home Loans can neither transact the business of a housing finance institution nor of a non-banking financial institution, it added. In a separate statement, the central bank said it has cancelled the CoR of Karnawati Capital Market Limited.

::Science and tech::

The forecast on planet Neptune is chilly and getting colder

Frigid and far-flung Neptune, our solar system's outermost planet, is adding to its reputation as an enigmatic world, with astronomers puzzled by a surprising drop in its atmospheric temperatures during the past two decades.
Focusing upon Neptune's stratosphere - the atmosphere's relatively stable region above the turbulent weather layer - the researchers had expected to find rising temperatures in the part of the planet visible from Earth with the onset of its southern hemisphere summer, a season lasting four decades. Instead, they found temperatures declining significantly.
The study was based on more than 95 thermal-infrared images - every one ever taken - spanning 2003 to 2020 using ground-based telescopes in Hawaii and Chile, mostly the European Southern Observatory's Very Large Telescope. It is the most comprehensive assessment to date of Neptune's atmospheric temperatures.
"The atmosphere appears more complicated than we had naively assumed, which, unsurprisingly, seems to be a general lesson that nature teaches scientists again and again," said Michael Roman, a postdoctoral researcher at the University of Leicester in England and lead author of the study published on Monday in the Planetary Science Journal.

::Sports::

Mumbai City FC first Indian side to win AFC Champions League match

Mumbai City FC created history by becoming the first Indian team to win an AFC Champions League match. Des Buckinham's side came back from 0-1 down to beat Air Force Club of Iraq 2-1 in a Group B encounter.
The win means Mumbai City move level on three points with Air Force Club and are three adrift of Saudi Arabia's Al Shabab, who picked up their second win in a row with a 3-0 victory over Al Jazira of the United Arab Emirates.