Current Affairs for SSC CGL Exams - 01 March 2022

SSC CGL Current Affairs

Current Affairs for SSC CGL Exams - 01 March 2022

::NATIONAL::

Andhra Pradesh Chief Minister Jagan Mohan Reddy formally dedicated INS Visakhapatnam to the City of Destiny

Shri Jagan Mohan Reddy Hon'ble CM of Andhra Pradesh dedicated INS Visakhapatnam, the indigenously designed and constructed guided-missile stealth destroyer named after the City of Destiny – Visakhapatnam, in a formal ceremony held at Naval Dockyard on 27 Feb 22.
The ship is on her maiden visit to the port for participating in the PFR and MILAN 2022.
INS Visakhapatnam is the lead ship of P15B class of guided missile stealth destroyers and was commissioned on 21 Nov 21. The ship symbolises India's matured shipbuilding capability and quest for the Make in India initiative towards achieving 'Atmanirbhar Bharat'.
The crew of the ship abides by her motto 'YashoLabhasva' - a sanskrit phrase that translates to 'Attain Glory'. It embodies the indomitable spirit and capability of this mighty ship to achieve success and glory in every endeavour.
The motto inspires her crew to surmount all odds and uphold the glory of the Ship, Service and Nation always.

::INTERNATIONAL::

Ukraine crisis: US and EU cut some Russian banks from SWIFT (Society for Worldwide Interbank Financial Telecommunication)

In a major move aimed to cripple Russia's economy, the US along with its key allies, including EU and the UK, have decided to disconnect key sanctioned Russian banks from the global financial system SWIFT and impose restrictive measures on its central bank in response to Moscow's invasion of Ukraine.
It was also decided to launch a joint task force to hunt down assets of sanctioned Russian companies and oligarchs, according to a joint statement issued by the leaders of the US, the European Commission, France, Germany, Italy, the UK and Canada on Saturday.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India.
Based in Belgium, the system is considered central to the smooth functioning of global finances and Russia's exclusion from it would hit the country hard.
"We stand with the Ukrainian government and the Ukrainian people in their heroic efforts to resist Russia's invasion. Russia's war represents an assault on fundamental international rules and norms that have prevailed since the Second World War, which we are committed to defending.

::ECONOMY::

Madhabi Puri Buch has been appointed as the first woman chairman of SEBI (Securities and Exchange Board of India) for a period of three years

Madhabi Puri Buch has been appointed chairperson of the Securities and Exchange Board of India (Sebi), the regulator in charge of overseeing India’s $3.3-trillion stock market ecosystem. She replaces Ajay Tyagi, whose tenure as Sebi chairman ended.
The Appointments Committee of the Cabinet, headed by the Prime Minister, approved her appointment for an initial period of three years, the government said in a notification on Monday. She is likely to take charge on Wednesday (March 2), as Tuesday is a market holiday.
PuriBuch, 56, will be the first woman, and the first person from the private sector, to head the securities market watchdog. However, she has had a more than four-year stint at Sebi as a whole-time member (WTM) -- a post just below the chairman. The IIM-Ahmedabad alumna will also be the youngest Sebi chief.
Her last-minute appointment took the market by surprise, as many were expecting Tyagi to get an extension.
Tyagi, a 1984-batch IAS officer from Himachal Pradesh cadre, served as chairman for five years.
PuriBuch worked closely with Tyagi during her stint as WTM between April 5, 2017 and October 4, 2021. As Sebi’s WTM, she handled key portfolios, such as surveillance, mutual funds, and collective investment schemes.
She assumes the top post at Sebi at a time when the markets are volatile due to the Russia-Ukraine conflict and sustained selling by foreign investors ahead of interest rate hikes by the US Federal Reserve. Also, in recent weeks, Sebi has been facing criticism over its handling of the case pertaining to lapses at the National Stock Exchange (NSE), which is now being probed by agencies such as the Central Bureau of Investigation and the Income-Tax department.
The market regulator is also vetting the offer document filed by the state-owned Life Insurance Corporation of India (LIC), which is aiming to launch India’s largest share sale in the next few weeks.

::SCIENCE AND TECH::

On February 28, 1928, the physicist Sir C.V. National Science Day celebrated to commemorate the discovery of 'Raman Effect' by Raman

Indian physicist ChandrasekharaVenkata Raman was awarded the 1930 Nobel Prize in Physics for his work on the scattering of light and for the discovery of the Raman Effect. Every year, National Science Day is observed on February 28 in India, to commemorate the discovery of the Raman Effect.
Sir CV Raman announced the discovery of the Raman Effect on February 28, 1928. He was awarded the 1930 Nobel Prize in Physics "for his work on the scattering of light and for the discovery of the effect named after him," the Nobel Prize organisation said on its website.
Raman was born at Tiruchirapalli in Southern India on November 7, 1888. His father was a lecturer in mathematics and physics, as a result of which Raman was immersed in an academic atmosphere from the start.
In 1902, Raman entered Presidency College, Madras, and in 1904, passed his BA examination, winning first place and a gold medal in physics, according to the Nobel Prize organisation.
He obtained his MA degree in 1907, with the highest distinctions.

::SPORTS::

Russia excluded from more sports as sanctions mount

Russia was barred from competing in international ice skating, skiing, basketball and track on Tuesday, a day after being kicked out of football competitions and hockey. The decisions follow the IOC's request to international sports federations to keep Russian athletes out of events they organize.
More and more sports are following the appeal of the International Olympic Committee and banning Russian athletes from competing in the wake of the country's invasion of Ukraine.
The International Skating Union, the body that runs the sport around the world, said no athletes from Russia or Belarus “shall be invited or allowed to participate” in events until further notice.
Belarus has been a key ally of Russia in its attack on Ukraine.