Current Affairs for BANK, IBPS Exams - 17 April 2022

Bank Exam Current Affairs

Current Affairs for BANK, IBPS Exams - 17 April 2022


Islamic body moves SC over razing of houses of suspects in cases of violence

  • Islamic organisation Jamia tUlama-I-Hind has moved the Supreme Court against employing bulldozers to raze down the houses of persons suspected to be involved in criminal incidents such as violence.
  • Jamia tUlama-I-Hind has urged the Supreme Court to issue appropriate direction to the Union of India and all states that no lasting precipitative action be taken against any accused in any criminal proceedings and issue directions that accommodation cannot be demolished as punitive measure.
  • In a tweet, President of JamiatUlama-e-Hind ArshadMadani, said, “JamiatUlama-e-Hind has filed a petition in the Supreme Court against the dangerous politics of bulldozers that have been started to destroy minorities especially Muslims under the guise of crime prevention in BJP-ruled states.”
  • JamiatUlama-I-Hind, in his petition, said that there has recently been an increase in the incidents of demolition of residential and commercial properties by government administration in several states as a punitive measure towards persons purportedly involved in criminal incidents such as riots.
  • According to the petition, resorting to such measures/ actions is clearly against our constitutional ethos and the criminal justice system.

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Saudi Arabia pushed Yemen's president to step down: report

  • Saudi Arabia pushed Yemen's president to step down earlier this month, and officials have confined him to his home and restricted his communications, the Wall Street Journal reported.
  • Abedrabbo Mansour Hadi announced his resignation on April 7, handing his powers to a new leadership council as Yemen entered into a fragile ceasefire that brought a rare pause in the years-long conflict.
  • Citing anonymous Saudi and Yemeni officials, the Journal said that Riyadh's Crown Prince Mohammed bin Salman gave Hadi a written decree delegating his powers to the council, which consists of eight representatives of different Yemeni groups.
  • According to the officials, some Saudi officials had threatened to publicize what they said was evidence of Hadi's corruption in their efforts to convince him to step down, the Journal wrote.
  • Since leaving office, Hadi has been confined to his house in Riyadh and denied access to phones, one Saudi official told the Journal.
  • Saudi Arabia had welcomed Hadi's resignation announcement and pledged $3 billion in aid and support for its war-torn neighbor.
  • Hadi's internationally recognized government had been locked in conflict for seven years against the Iran-backed Huthis, who control the capital Sanaa and most of the north despite a Saudi-led coalition's military intervention launched in 2015.


Health insurers take 20-46 days to settle patients' claims: Report

  • Settlement of expense reimbursement claims under health insurance policies on an average takes about 20 to 46 days from the date of intimation to the insurer, said a study conducted by insurtech platform SecureNow.
  • The company said the industry data tabulated by it also shows that patients are quite prompt in informing the insurers about claims with most of them intimating the concerned insurance firms within a week of hospitalisation.
  • "However, on the other hand, the insurance companies take on an average between 7 to 108 days to settle the claims related to maternity. Caesarean sections take the longest time 9 to 135 days and chemotherapy the shortest period 12 to 35 days," the insurance broker said.
  • SecureNow said the data makes it clear that "while patients do not take a lot of time in intimating the insurer for a claim reimbursement upon being admitted, the average time for an insurer to settle the claims is way longer. In a typical claim processing timeline, the maximum time is taken between intimation and settlement."
  • According to the study, about 13 to 26 per cent of the claimed amount is deducted from the final approved claims on account of "uncovered consumables and administrative expenses".
  • About the cost and duration of hospitalisation, the survey said that maternity and chemotherapy cases have the highest per-day hospitalisation costs, while dengue and other viral infections, including COVID-19, have the longest hospitalisation of 4 to 5 days.
  • Public sector insurers under the General Insurance Public Sector Association (GIPSA) get some advantage in terms of lower hospital rates, the company said. This translates into lower claim costs for group health insurance and consequently lower premiums.

IDBI Bank seeks shareholders' nod for 10-fold hike in MD & CEO salary

  • Private lender IDBI Bank has proposed a nearly 10-fold hike in the salary of its managing director and CEO Rakesh Sharma who had been instrumental in bringing the bank out of the RBI's restrictive prompt corrective action (PCA) framework.
  • The bank has sought the approval of its shareholders through a postal ballot which started on April 6 and will end on May 5, 2022, to pass the ordinary resolution, among others. The lender, in which LIC holds a majority stake, will declare the results of the postal ballot on or before May 7, 2022.
  • Members' permission is also sought to re-appoint Sharma as the MD & CEO for another three years with effect from March 19, 2022.
  • The bank proposes for approval of the members to transact special business through postal ballot only by way of voting through electronic means, to consider and, if thought fit, to pass as ordinary resolution for re-appointment of Rakesh Sharma as a non-rotational director and Managing Director & Chief Executive Officer (MD&CEO) for a period of three years with effect from March 19, 2022, the bank said in a regulatory filing.
  • The Reserve Bank approved Sharma's re-appointment in mid-February.
  • "...pursuant to the recommendation of the NRC and the board of directors of the bank, approval of the members of the bank, be and is hereby accorded to the payment of remuneration by way of salary, allowances and perquisites to Rakesh Sharma, as the MD&CEO of the bank with effect from March 19, 2022, up to Rs 2,40,00,000 approximately for FY2022-23, to be approved by the RBI," IDBI Bank said in the filing.

::Science and tech::

Three Chinese astronauts return to Earth after six months in space

  • Three Chinese astronauts returned to Earth on Saturday after 183 days in space, ending China's longest crewed mission as it continues its quest to become a major space power.
  • The Shenzhou-13 spacecraft was the latest mission in Beijing's drive to rival the United States, after landing a rover on Mars and sending probes to the Moon.
  • Live footage from state broadcaster CCTV showed the capsule landing in a cloud of dust, with ground crew who had kept clear of the landing site rushing in helicopters to reach the capsule.
  • The two men and one woman -- ZhaiZhigang, Ye Guangfu and Wang Yaping -- returned to Earth shortly before 10 am Beijing time (0200 GMT), after six months aboard the Tianhe core module of China's Tiangong space station.
  • Ground crew applauded as the astronauts each took turns to report that they were in good physical condition.
  • Zhai was the first to emerge from the capsule roughly 45 minutes after the landing, waving and grinning at cameras as he was lifted by ground crew into a specially designed chair before being bundled into a blanket.
  • Wang became the first Chinese woman to spacewalk last November, as she and her colleague Zhai installed space station equipment during a six-hour stint.
  • Mission commander Zhai, 55, is a former fighter pilot who performed China's first spacewalk in 2008, while Ye is a People's Liberation Army pilot.
  • The trio have completed two spacewalks, carried out numerous scientific experiments, set up equipment and tested technologies for future construction during their time in orbit.


Lahiri shoots 2-under in RBC Heritage golf R3

  • India’s AnirbanLahiri shot a bogey-free two-under 69 to be tied 53rd in the third round of the RBC Heritage PGA Tour event on a windy Harbour Town Golf Link in South Carolina on Saturday. He was on 2-under 211 after rounds of 69, 73 and 69.
  • Lahiri, 34, had just made the cut overnight after being even par for the event. Teeing off early on Saturday, hopes rose when he birdied his second hole, par-five, with a short putt. But that was Lahiri’s only shot gained until the par-four 18th, when he was rewarded for attacking the pin with a six-footer to birdie.
  • It was hard work in between. Lahiri was consistent off the tee but struggled with irons, which often meant he could not get close enough for birdie putts. Long putts missed narrowly, leaving Lahiri to tap in for pars. The wind factor adds to the coastal course with tight fairways and small greens.

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