JPMorgan named world’s most systematic bank
JPMorgan Chase has once again been named the world’s most systematic bank according to the latest annual ranking of top lenders by global regulators.
The Financial Stability Board (FSB) made up of regulators from G20 countries published its latest table of the world’s 30 most systematic banks.
The 30 lenders are divided into four buckets in order of how systematic, international, interconnected, and complex they are.
Quick Facts: Jamie Dimon is the current CEO of JPMorgan Chase & Co.
Science and Technology
NASA launches world’s first DART Mission
The US space agency NASA has launched a first-of-its-kind mission named DART to change the path of an asteroid by intentionally crashing a spacecraft into it.
The USD 325 million DART mission was launched into orbit from the Vandenburg Space Force Base in California atop a SpaceX Falcon 9 rocket.
The mission aims to test asteroid-deflecting technology.
Quick Facts: DART stands for Double Asteroid Redirection Test.
India, Maldives and Sri Lanka conducts biennial trilateral exercise ‘Dosti’
The 15th edition of the biennial trilateral exercise ‘Dosti’ was conducted between Maldives, India, and Sri Lanka recently.
The five-day exercise was conducted between the Coast Guards of the three countries marking the 30th year since the initiation of the exercise.
Indian Coast Guard vessels, Integrated Coast Guard Ships (ICGS) Vajra and Apoorva along with the Sri Lanka Coast Guard Ship (SLCGS) Suraksha participated in the exercise.
Quick Facts: Taipei is the capital of Taiwan.
SBI signed an MoU with Pondicherry Co-op Milk Producers’ Union Ltd.
SBI signed an MoU with Pondicherry Co-op. Milk Producers’ Union Ltd. for financing individual dairy farmers up to INR 3 lakhs.
The loan will be made available through the YONO application of the SBI Bank.
Around 3,500 dairy farmers supplying milk to 98 primary milk societies of PONLAIT would be benefitting from the arrangement.
Quick Facts: Dinesh Kumar Khara is the Chairperson of SBI.
Person in News
SK Sohan Roy becomes the first Indian to be honoured with the Knighthood of Parte Guelfa
Dr. SK Sohan Roy from Kerala has become the first Indian to be honored with the Knighthood of Parte Guelfa for his humanitarian and environmental protection efforts in business and movies.
Roy is the CEO and Founder of Aries Group of Companies,
The honorary title of ‘Knight of Parte Guelfa’ has been conferred upon him during the conferencing ceremony organized at the Basilica of Santa Croce and the Palagio di Parte Guelfa in Florence, Italy.
Quick Facts: The color of the Italian flag represents three virtues- hope (green), faith (white), and charity (red).
Alexander Zverev beats Daniil Medvedev to win ATP Finals title
Alexander Zverev of Germany has beaten the World No. 2, Daniil Medvedev of Russia, in the men’s singles finals to clinch the 2021 ATP Finals title held in Turin, Italy.
The title is Zverev’s second Nitto ATP Finals title after winning the first in 2018.
Pierre-Hugues Herbert and Nicolas Mahut of France have clinched the men’s doubles title by defeating Rajeev Ram and Joe Salisbury.
Shimla tops NITI Aayog’s inaugural SDG Urban Index
N.ITI Aayog launched the inaugural SDG Urban Index and Dashboard 2021-22 to further strengthen Sustainable Development Goals (SDGs).
Shimla has topped among the 56 urban areas while Dhanbad in Jharkhand is at the bottom of the index.
The index is an SDG progress monitoring tool at the ULB level to highlight the strengths and gaps of ULB-level data, monitoring, and reporting systems.