Daily Current Affairs December 11 & 12 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: IMPORTANT DAYS

International Mountain Day: 11th December

• International Mountain Day 2022 is observed on the 11th of December 2022.
• The International Mountain Day 2022 theme set by the UN this year is “Women Move Mountains”.
• Increasing climate variability, resulted in a lack of mountain agriculture, so a lot of men migrated elsewhere in search of alternative livelihoods.
• Women have therefore taken on many tasks formerly done by men, yet mountain women are often invisible due to a lack of decision-making power and unequal access to resources.
• In the United States, there was a tradition where students skip classes and visit the nearby mountains that surround them for recreation.
• This is a kind of celebration in the United States.
• The United Nations General Assembly declared the International Year of Mountains in 2002.
• The U.N. establishes December 11 as International Mountain Day each year for the protection and sustainability of mountains.
• Mountain Day is established and celebrated in Japan as a national holiday for people.

UNICEF Foundation Day: 11th December

• UNICEF Foundation Day 2022 is observed on the 11th of December 2022
• UNICEF was created by the U.N. Relief Rehabilitation Administration in 1946 to provide relief funds for children and mothers affected by World War II with immediate aid.
• In that same year, the U.N. General Assembly founded the United Nations International Children’s Emergency Fund (UNICEF) to further institutionalize post-war relief work.
• UNICEF relies entirely on contributions from governments and private donors.
• In 2019, UNICEF’s 137 government partners, along with intergovernmental organizations and inter-organizational arrangements, contributed $4.7 billion.

Universal Health Coverage Day 2022 Theme and History: 12th December

• Universal Health Coverage Day 2022 is observed on the 12th of December 2022.
• Universal Health Coverage day 2022 theme set by the WHO this year is “Build the world we want: A healthy future for all”.
• The first healthcare system was established by a German named Chancellor Otto von Bismarck in 1883.
• The insurance model, called the ‘Bismarckian system’, required everyone to have insurance for their medical expenses, which was similar to the current-day non-profit health-insurance companies.
• Universal Health Coverage Day was originally promoted by the World Health Organization.
• The World Health Organization is part of the United Nations and is responsible for international public health.
• In December 2012, the United Nations General Assembly approved a resolution demanding countries to fast-forward universal healthcare progression.

CURRENT AFFAIRS: NATIONAL NEWS

The government extends the rooftop solar program through March 2026:

• The Rooftop Solar Program will now run through March 31, 2026, according to a statement from the central government.
• The program’s subsidy will be accessible till the aim is currently attained.
• The government has warned all residential customers not to pay any additional fees to any vendor on account of the National Portal application fee or any additional fees for net metering/testing that are not specified by the relevant distribution business.
• The subsidy under the National Portal has been set at Rs 14,588 per kW (for a capacity of up to 3 kW) for the entire nation, and residential consumers are required to install rooftop solar plants from any one of the vendors registered by the relevant distribution firm of their locality.
• The Ministry is carrying out Rooftop Solar Programme Phase-II, which offers CFA/subsidy to residential users for rooftop solar installation.
• A National Portal was created to make the Program’s execution easier, and Prime Minister Modi officially unveiled it on July 30, 2022.
• The National Portal now has access to the list of authorized vendors.
• The National Portal does not charge for applications, and the individual distribution firms have set the costs associated with net metering.

The Indian government contributes Rs 5000 billion to the SWAMIH Fund to complete housing projects:

• The government has contributed an extra Rs 5,000 crore to the SWAMIH Invest Fund-I to assist the strained real estate investment platform in reaching its final close of Rs 15,530 crore.
• India’s largest social impact fund, the Special Window for Affordable and Mid-Income Housing Fund, claims that the government recently invested Rs 5,000 crore in it.
• For the completion of distressed, brownfield, and residential projects registered with regulatory agencies that fall under the category of affordable, middle-income housing, it seeks to offer priority loan financing.
• The fund announced that it has awarded final permission to 127 projects, which will result in the completion of more than 79,000 homes.
• It also stated that 286 projects, spread across more than 30 cities and involving the construction of more than 1 lakh dwellings, are now being examined.
• The fund’s first close was three years ago in December 2019, when it received commitments totaling Rs. 10,037.5 crores, including Rs. 5,000 crores from the government.

CURRENT AFFAIRS: INTERNATIONAL NEWS

UNGA Resolution on International Tax Cooperation Framework

• The United Nations General Assembly (UNGA) has unanimously adopted a resolution to develop an international tax cooperation framework or instrument based on a UN intergovernmental process.
• Nigeria submitted this resolution on behalf of a consortium of 54 African countries.

About UNGA resolution :

• With this mechanism, emerging countries in Africa and Asia are expected to have a greater say in the formulation of global tax regulations.
• The proposed UN framework on global tax cooperation will put an end to the Organisation for Economic Co-operation & Development’s 60-year role as the regulator of taxation across the world.
• These rules were agreed upon in 2021 by 137 countries and jurisdictions under the OECD/G20 Inclusive Framework on BEPS.
• Base erosion and profit shifting (BEPS) refers to corporate tax planning strategies used by multinationals to shift profits from higher-tax jurisdictions to lower/no-tax jurisdictions, thus eroding the tax base of the higher-tax jurisdictions.
• The OECD defines BEPS strategies as exploiting gaps and mismatches in tax rules.
• The rules provide governments with a precise template for taking forward the two-pillar solution to address the tax challenges arising from digitalization and globalization of the economy.
• Pillar 1 deals with the biggest and most profitable multinational enterprises and reallocates a part of their profit to countries where they sell their products and services.
• It is expected to divert more than 125 billion USD in tax to market jurisdiction each year.
• Pillar 2 aims to control tax competition on corporate profits by introducing a global minimum tax of 15% from 2023.
• The rules specify the scope and mechanism for Pillar Two’s so-called Global Anti-Base Erosion (GloBE) rules.
• It is expected to generate some 150 billion in additional global tax revenue each year.

About UNGA : 

• Established: 1945
• President : Csaba Kőrösi

About United Nations :

• Established: 26 June 1945
• Headquarters: New York, USA
• Secretary General : António Guterres

CURRENT AFFAIRS: STATE NEWS

9th World Ayurveda Congress and Arogya Expo 2022 inaugurated in Goa

• The  4 days long 9th World Ayurveda Congress (WAC) was inaugurated at Panaji, Goa in the presence of Union Minister of State for Tourism and Shipping, Ports and Waterways Shripad Naik, and the Chief Minister of Goa  Pramod Sawant.

Aim : 

• To showcase the efficacy and strength of the AYUSH systems of medicine at the Global level to provide a global platform for all the stakeholders, including industry leaders, practitioners, traditional healers, educationists, students, medicine manufacturers, growers of medicinal plants, and marketing strategists.

Note : 

• Every year 23 October is observed in India as Ayurveda Day.

Key Highlights : 

• The market size of the AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homoeopathy) sector in the country has grown from USD 3 billion in 2014 to over USD 18 billion now, clocking a phenomenal growth of 6 times.
• During 2014-2020, the AYUSH industry grew 17% year-on-year while the Ayurveda market is predicted to grow at 15% CAGR from 2021-2026.
• The Ayush Grid project was initiated by the Ministry in 2018 for creating a comprehensive IT backbone for the entire sector.
• Digitalization of the entire Ayush Sector will lead to its transformation in fields of healthcare delivery at all levels, including research, education, various health programs, and drug regulations.
• On this occasion, the third edition of the ‘Ayushman comic book series was also released.
• All India Institute of Ayurveda (AIIA) and Rosenberg’s European Academy of Ayurveda, Germany signed an MoU to facilitate advanced studies in traditional Indian medicine systems.

CURRENT AFFAIRS: BANKING & FINANCE

SEBI releases uniform format for OTC trades in non-convertible securities

• Capital markets regulator Securities and Exchange Board of India (SEBI) has issued a uniform format for reporting over-the-counter (OTC) trades in listed non-convertible securities (NCS)
• The new guideline would come into force from January 1, 2023.
• The development comes after Sebi observed that information on OTC trades in listed non-convertible securities provided to the stock exchanges by the investors is incomplete and inaccurate.

About OTC :

• OTC trades are generally trades executed between two market entities without others being aware of the price at which the transaction was effected.
• Under the format, information about deal type whether brokered or direct – ISIN, listed or unlisted security, issuer name, coupon rate, issue description, traded price, traded yield, trade date and time, settlement date, settlement status, and reported trade executed on RFQ (Request For Quote) platform will have to be disclosed.
• SEBI asked stock exchanges to monitor the compliance of the guideline and bring to the notice of the regulator periodically, discrepancies in reporting of OTC trades by investors.

About SEBI :

• Established: on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992.
• Headquarters: Mumbai, Maharashtra
• Chairman: Madhabi Puri Buch
• The SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance.

ADB approves $250 mn policy-based loans to strengthen the logistics sector

• The Asian Development Bank (ADB) approved a $250 million policy-based loan to support India’s wide-ranging reforms

Aim :

• To strengthen and modernize the logistics infrastructure, improve efficiency, and lower the cost in the logistics sector.

Key Highlights :

• The loan will finance the first subprogram of the ‘Strengthening Multimodal and Integrated Logistics Ecosystem’, which supports the government’s efforts to create a comprehensive policy, planning, and institutional framework at the federal, state, and city levels.
• This will rationalize India’s high cost of logistics and reduce greenhouse gas emissions.
• The program will help to strengthen supply chains by simplifying external trade logistics and domestic cargo movements, modernizing warehouses, improving business processes with integrated digital platforms, and stimulating private investments in the sector.
• India’s recently approved National Logistics Policy and Prime Minister Gati Shakti-National Master Plan provide transformative institutional and regulatory frameworks for the holistic development of the logistics ecosystem in the country.

RBI signs currency swap agreement with Maldives Monetary Authority

• The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework.
• This is to provide swap support as a backstop line of funding for short-term foreign exchange liquidity requirements.
• This agreement will enable the MMA to make drawals in multiple tranches up to a maximum of USD 200 million from the RBI.
• RBI had signed a similar agreement to provide a $400 million currency swap facility to Sri Lanka in

About RBI :

• Established: 1 April 1935
• Headquarters: Mumbai, Maharashtra, India
• Governor : Shaktikanta Das
• Deputy governors: Mahesh Kumar Jain, M. Rajeshwar Rao, Michael Patra, and T. Rabi Shankar

About MMA :

• Established: July 1, 1981
• Location: Male, Maldives
• Governor: Ali Hashim
• The MMA is the central bank of the Republic of Maldives.

Paisabazaar & RBL Bank launch ‘Duet Credit Card’

• Digital marketplace for consumer credit and free credit score platform Paisabazaar and RBL Bank launched a new co-created credit card ‘Duet’.

About the Card :

• Duet is a 2-in-1 product that meets two distinct consumer needs
• It is a credit card that offers cashback on purchases and also a line-of-credit from RBL Bank that enables instant transfer of money into the bank account.
• It will be part of Paisabazaar’s neo-lending product suite and will replace Paisa On Demand (PoD) credit cards on the platform.
• The card provides a flat 1% cashback on all online and offline spending with no upper limit.
• Duet is a lifetime free credit card from RBL Bank, with easy-to-understand direct cashback benefits.

About RBL Bank :

• Founded: 1943
• Headquarters: Mumbai, Maharashtra
• MD & CEO : R Subramaniakumar
• RBL Bank, formerly known as Ratnakar Bank, is an Indian private-sector bank.

IndusInd Bank ties up with SV CreditLine for co-lending agreement for ₹500 Cr

• The non-banking finance company SV CreditLine and the private sector lender IndusInd Bank have signed a co-lending collaboration for a ₹500 crore loan targeted solely towards women borrowers.

Key Highlights :

• The agreement will help rural women access affordable loans which they could use for a wide range of economic activities such as agriculture, animal husbandry, trading, and local manufacturing, among others
• One of India’s biggest and most reputable non-banking financial companies is SV Creditline Limited (SVCL) established in 2010.
• SVCL provides a variety of small credit facilities to women in the low-income segment with an annual household income of Rs. 125,000 in rural areas and 200,000 in urban areas.

Note : 

• SV CreditLine Group CEO Vivek Goyal

About IndusInd Bank :      

• Founded: April 1994
• Headquarters: Mumbai, Maharashtra
• CEO: Sumant Kathpalia.

SEBI introduces credit rating-wise investment limit for active debt funds

• The Securities and Exchange Board of India (SEBI) introduced a credit rating-based single issuer limit for investment for most actively managed debt mutual fund schemes.

Key Highlights : 

• According to the SEBI, the above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval of the Board of Trustees and Board of Directors of the asset management companies, subject to compliance with the overall 12% limit specified in clause 1 of 7th Schedule of MF Regulation.
• According to the rules, a mutual fund scheme shall not invest more than 10% of its net asset value in debt and money market securities of companies rated ‘AAA’.
• For companies rated ‘AA’, the exposure cannot be larger than 8%.
• While the limit is set at 6% for ‘A’-rated companies.
• The limits can be extended by another 2% with prior approval of the board of trustees and the board of directors of the asset management company.

IDFC First Bank & NASSCOM COE partner to promote the startup ecosystem

• IDFC FIRST Bank and the National Association of Software and Service Companies (NASSCOM) Centre of Excellence (COE) has partnered to grow the innovation ecosystem through an exclusive range of banking solutions.
• A Memorandum of Understanding (MoU) was signed between IDFC FIRST Bank and NASSCOM COE appointing the Bank as a Preferred Banking Partner for startups, at an event in Bangalore, Karnataka attended by startup founders.

Key Highlights :

• IDFC FIRST Bank will offer its curated products and solutions for startups including Zero Balance Startup Current Accounts, uniquely designed Working Capital solutions for pre-profit startups, and Business Credit Cards for Startups.
• The Bank will offer tailored financial products to support innovation and entrepreneurship.
• NASSCOM COE and IDFC FIRST Bank will collaborate across a range of initiatives such as Investor Connect, knowledge-sharing sessions, and tech conclaves to engage with the startup community extensively.

About NASSCOM Center of Excellence :

• CEO : Sanjeev Malhotra
• NASSCOM CoE is the country’s largest Deeptech innovation ecosystem comprising startups, innovators, enterprises, and the government.

About IDFC FIRST Bank : 

• Founded: October 2015
• Headquarters: Mumbai, Maharashtra
• MD & CEO: V. Vaidyanathan
• IDFC First Bank is an Indian Private Sector Bank that is owned by IDFC, an integrated infrastructure finance company.

ADB approves $780 mn loans to expand Chennai’s metro rail network

• The Asian Development Bank (ADB) approved a $780 million multitranche financing facility (MFF) to build new lines and improve the connectivity of the metro rail system at Chennai, the capital of India’s Tamil Nadu, with the city’s existing bus and feeder services.
• The project will expand Chennai’s metro rail system to provide a safe and integrated transport solution essential to improving urban mobility and making the city more liveable.

Key Highlights :

• The project will construct 10.1 km of an elevated section between Sholinganallur to State Industries Promotion Corporation, including 9 metro stations and system components; 10 km of the underground section between Lighthouse and Meenakshi College including 9 stations.
• It also includes 31 km of system components, such as electrical, mechanical, power, and telecommunication infrastructure, between Chennai Mofussil Bus Terminus to Okkiyam Thoraipakkam.
• ADB will provide an additional $1 million technical assistance (TA) grant to help the Chennai Metro Rail with the planning and management of the metro system’s multimodal integration.

Background :

• In 2021, ADB and the Indian government signed a deal for a $500 million loan to expand Bengaluru’s metro rail network by constructing two new lines of 56 km length.
• ADB has committed $57.75 billion for 826 projects in India of which85 billion is for 188 transportation projects.
• In 2021, ADB committed a record $4.6 billion in sovereign loans to India.
• ADB also committed $36.51 million in technical assistance and $3 million in grants under the sovereign portfolio.

About ADB : 

• Established : 19 December 1966
• Headquarters : Mandaluyong, Philippines
• President : Masatsugu Asakawa
• Membership : 68 countries

SEBI amends norms to bring in buying, and selling of mutual funds under insider trading rules

• The Securities and Exchange Board of India (SEBI) has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules.
• At present, insider trading rules apply to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information (UPSI).
• The units of mutual funds are specifically excluded from the definition of securities under the rules.

Key Highlights :

• Asset management companies (AMCs) will have to disclose the details of holdings in the units of their mutual fund schemes, on an aggregated basis, held by the AMC, trustees, and their immediate relatives on the platform of stock exchanges.
• It has prescribed a minimum standard of code of conduct for designated persons in line with provisions of existing insider trading rules.
• The compliance officer of the AMC would determine the closure period during which a designated person cannot transact in units of the mutual fund.
• The proposal to bring MF units under insider trading regulations was first mooted by the Sodhi Committee in 2013.
• However, the regulator decided to exclude these when the regulations came into force in 2015.

ADB approves $300 Million Loan to Improve Roads and Regional Trade in India

• The Asian Development Bank (ADB) approved a $300 million loan to upgrade more than 300 kilometers of state highways and major district roads in Assam, including six road sections in the state’s western, central, and southern regions.

About the Project :

• The project will expand state highways and major district roads from single-lane to two-lanes and introduce new climate- and disaster-resilient structures.
• It will establish pedestrian and public transport facilities, elevate highways in flood-prone areas, and include landslide prevention structures in hilly and mountainous areas.
• The project will strengthen the capacity of the Assam Public Works (Roads) Department in managing road assets, integrate climate and disaster resilience in road projects, and ensuring safeguards such as environment, resettlement, and indigenous peoples’ concerns are considered.
• The roads to be upgraded under this project are connected to South Asia Subregional Economic Cooperation (SASEC) corridors and borders with Bhutan and Bangladesh and are expected to boost cross-border trade and
• The project will complement the multimodal logistics park being built in Jogighopa and a future one in Silchar to serve road, rail, inland waterway, and air transport facilities.
• To protect wildlife and habitats in project areas, viaduct structures will be constructed to avoid human-elephant conflict in the elephant habitats.

CURRENT AFFAIRS: RANKING AND REPORTS

Nirmala Sitharaman and Falguni Nayar are listed among the “World’s 100 Most Powerful Women.”

• Six Indians made it onto Forbes’ annual list of “The World’s 100 Most Powerful Women,” including Finance Minister Smt Nirmala Sitharaman, Biocon Executive Chairman Kiran Mazumdar-Shaw, and Nykaa Founder Falguni Nayar.
• Nirmala Sitharaman, who is ranked number 36, has appeared on the list four times running.
• The 63-year-old minister was rated 37th on the list in 2021; in 2020 and 2019, she held the 41st and 34th positions,
• The list includes 39 CEOs, 10 heads of state, and 11 billionaires worth a total of $115 billion, including HCLTech Chairperson Roshni Nadar Malhotra (rank: 53), Securities And Exchange Board Of India (SEBI) Chairperson Madhabi Puri Buch (rank: 54), and Steel Authority Of India Chairperson Soma Mondal (rank: 67).
• European Commission President Ursula von der Leyen tops the 19th annual Forbes list of the World’s 100 Most Powerful Women for her leadership throughout the Ukraine war and her handling of the Covid-19 outbreak.
• While European Central Bank President Christine Lagarde is ranked second, US Vice President Kamala Harris is ranked third.
• Iran’s Jina “Mahsa” Amini, ranked 100, has made the influential list posthumously.
• Her death in September ignited an unprecedented women-led revolution in the Islamic nation demanding their rights.

India was placed 87th in the world’s top passport list for 2022:

• The Passport Index 2022, produced by Arton Capital, assessed the world’s strongest and weakest passports.
• A passport is a travel document issued by a country’s government to its inhabitants that certifies the holder’s identity and nationality for international travel.
• India was placed 87th in the world’s strongest passport
• The UAE boasts the world’s most powerful passport.
• This passport allows holders to travel to 180 countries visa-free or with a “visa on arrival.”
• According to the ranking, visitors with a UAE passport can access 180 countries without difficulty, which is seven more than European countries such as Germany and Sweden and nine more than Japan.
• In the list of the world’s strongest passports, India was rated 87th.
• Afghanistan (38) Syria (39) Iraq (40), and Pakistan have the weakest passports (44).
• The European Union issues nine of the top ten most powerful passports.
• Germany, Sweden, Finland, Luxembourg, Spain, and France all rank in the top ten.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Dina Boluarte becomes Peru’s first female President

• Vice President of Peru, Dina Ercilia Boluarte Zegarra was sworn in as the new president of Peru after her predecessor, Pedro Castillo, was impeached by Congress following his attempt to dissolve the legislative body.
• Dina Boluarte is the first woman to hold office in the country’s 200 years of independence after Congress ousted former president Pedro Castillo.
• She is the first female president in Peru’s history and the 6th Peruvian president in less than 5 years.
• She served as the 64th president of Peru from 7 December 2022.

About Dina Boluarte :

• Dina Boluarte is a Peruvian lawyer and politician.
• She served as a National Registry of Identification and Civil Status (RENIEC) official from 2007 until 2022.
• In 2021, she was appointed minister of development and social inclusion in the government of Pedro Castillo.
• Boluarte, who speaks Spanish and Quechua, was a member of Perú Libre

About Peru :

• President : Dina Boluarte
• Prime Minister : Betssy Chavz
• Capital: Lima
• Currency: Sol

CURRENT AFFAIRS: SPORTS NEWS

1000 Khelo India Centers Are Scheduled to Open Across the Nation By August 15:

• Anurag Thakur, the minister of youth affairs and sports, stated that 1,000 Khelo India centers will be operational nationwide by August 15th, 2023.
• He continued by saying that 733 of these 1,000 centers have already received approval.
• Thakur claimed that India has performed better than in the past at both the Olympics and the Paralympics in Tokyo.
• He claimed that India had also done well at the Deaf Olympics.
• The Minister mentioned Khelo India and the efforts made by the government to alter public perceptions of sports.
• He claimed that the Khelo India games have provided amateur athletes a stage on which to perform in front of the entire country.
• According to the minister, the Ministry of Youth Affairs and Sports’ budget has climbed from Rs 1,219 crore in 2014 to Rs 3,062 crore for the upcoming fiscal year 2022–23, or nearly three times as much.
• Thakur highlighted some of India’s greatest sporting victories that have occurred since the 2014 election of the Modi administration.

McLaughlin-Levrone and Mondo Duplantis were named the 2022 World Athletes of the Year:

• The World Athlete of the Year honors went to Swedish pole vaulter Mondo Duplantis and American world champion hurdler Sydney McLaughlin-Levrone.
• McLaughlin-Levrone twice broke the women’s 400-meter hurdles world mark, and Duplantis accomplished three new world records this year.
• Duplantis, a Swede of American descent, won the prize for the second time in three years in 2022 after setting three world records, winning the men’s world indoor title in March and taking home the world outdoor gold in July.
• Adriana Vilago of Serbia and Erriyon Knighton of America were chosen winners of the World Athletics’ Rising Star of the Year award.
• Vilago placed in the top three of 15 javelin tournaments in 2022.
• She earned gold at the Mediterranean Games and the World U20 Championships in addition to silver at the Munich multisport European Championships.

Amar Singh Devanda from Air Warrior Corp places sixth in Taiwan’s 24-hour ultramarathon

• The Chinese Taipai Association’s 24-hour ultramarathon saw Air Warrior Cpl Amar Singh Devandar finish in sixth place after running 204.47 kilometers.
• In 510 laps (400 meters each), he completed the stadium in 24 hours.
• At Soochow University in Taiwan, the Chinese Taipai Association of Ultrarunners organized the 24-Hour Ultramarathon for the year 2022.
• India was represented at the competition by Cpl Amar Singh Devanda. 31 runners in total, 21 men and 10 women, from 5 different countries, took part in the race.
• During the Asia-Oceania 24 Hrs Championship 2022 in Bengaluru, Cpl Amar set a new national record by traveling 257.618 kilometers on July 3, 2022.
• He was the captain of the Indian squad that won the championship.

CURRENT AFFAIRS: BOOKS AND AUTHOR

The book “Miracles of Face Yoga” by author Mansi Gulati was published:

• The president of India, Droupadi Murmu, has praised Mansi Gulati, the founder of Manasvani, for her book, “Miracles of Face Yoga.”
• Mansi Gulati, a well-known author, thought leader, and international yogi, committed herself to learning as much as she could about the theory and practices of yoga.
• She has used a variety of resources to further her knowledge and abilities during her educational journey.
• Mansi has over 25 years of yoga expertise as well as numerous national and international certifications.
• She has penned numerous books and articles on the concept of yoga and how a variety of Asanas may be beneficial for diverse body types.

About The Book:

• This book presents the idea of “face yoga,” a facial workout that is done naturally in addition to other yoga poses.
• Additionally, facial yoga helps relieve stress and revitalize your body.
• Stress and tension are released from the face and neck through face yoga poses.
• Additionally, they will heighten our awareness of our face muscles, enabling us to instantly relax them and thereby indirectly contribute to the tightening of our skin.
• Yoga also teaches how to achieve a quiet mind, which helps to channel energy throughout the body.
• The comprehensive work “Face yoga” on face exercises is written in clear, basic language that anybody can understand, from a novice to an accomplished practitioner.

Daily CA on December 11 & 12:

• International Mountain Day 2022 is observed on the 11th of December 2022.
• UNICEF Foundation Day 2022 is observed on the 11th of December 2022
• Universal Health Coverage Day 2022 is observed on the 12th of December 2022.
• The Rooftop Solar Program will now run through March 31, 2026, according to a statement from the central government.
• The government has contributed an extra Rs 5,000 crore to the SWAMIH Invest Fund-I to assist the strained real estate investment platform in reaching its final close of Rs 15,530 crore.
• Six Indians made it onto Forbes’ annual list of “The World’s 100 Most Powerful Women,” including Finance Minister Smt Nirmala Sitharaman, Biocon Executive Chairman Kiran Mazumdar-Shaw, and Nykaa Founder Falguni Nayar.
• The Passport Index 2022, produced by Arton Capital, assessed the world’s strongest and weakest passports.
• Anurag Thakur, the minister of youth affairs and sports, stated that 1,000 Khelo India centers will be operational nationwide by August 15th, 2023.
• The World Athlete of the Year honors went to Swedish pole vaulter Mondo Duplantis and American world champion hurdler Sydney McLaughlin-Levrone.
• The Chinese Taipai Association’s 24-hour ultramarathon saw Air Warrior Cpl Amar Singh Devandar finish in sixth place after running 204.47 kilometers.
• The president of India, Droupadi Murmu, has praised Mansi Gulati, the founder of Manasvani, for her book, “Miracles of Face Yoga.”

• The United Nations General Assembly (UNGA) has unanimously adopted a resolution to develop an international tax cooperation framework or instrument based on a UN intergovernmental process.
• The  4 days long 9th World Ayurveda Congress (WAC) was inaugurated at Panaji, Goa in the presence of Union Minister of State for Tourism and Shipping, Ports and Waterways Shripad Naik, and the Chief Minister of Goa  Dr. Pramod Sawant.
• Capital markets regulator Securities and Exchange Board of India (SEBI) has issued a uniform format for reporting over-the-counter (OTC) trades in listed non-convertible securities (NCS)
• The Asian Development Bank (ADB) approved a $250 million policy-based loan to support India’s wide-ranging reforms
• The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework.
• Digital marketplace for consumer credit and free credit score platform Paisabazaar and RBL Bank launched a new co-created credit card ‘Duet’.
• The non-banking finance company SV CreditLine and the private sector lender IndusInd Bank have signed a co-lending collaboration for a ₹500 crore loan targeted solely towards women borrowers.
• The Securities and Exchange Board of India (SEBI) introduced a credit rating-based single issuer limit for investment for most actively managed debt mutual fund schemes.
• IDFC FIRST Bank and the National Association of Software and Service Companies (NASSCOM) Centre of Excellence (COE) has partnered to grow the innovation ecosystem through an exclusive range of banking solutions.
• The Asian Development Bank (ADB) approved a $780 million multitranche financing facility (MFF) to build new lines and improve the connectivity of the metro rail system at Chennai, the capital of India’s Tamil Nadu, with the city’s existing bus and feeder services.
• The Securities and Exchange Board of India (SEBI) has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules.
• The Asian Development Bank (ADB) approved a $300 million loan to upgrade more than 300 kilometers of state highways and major district roads in Assam, including six road sections in the state’s western, central, and southern regions.
• Vice President of Peru, Dina Ercilia Boluarte Zegarra was sworn in as the new president of Peru after her predecessor, Pedro Castillo, was impeached by Congress following his attempt to dissolve the legislative body.