Mumbai to host International Olympic Committee session in 2023.

  • Mumbai, India will host the International Olympic Committee session in 2023.
  • The IOC Session for 2023 will be held at Jio World Convention Centre, Mumbai.
  • The last such session was hosted by India in the year 1983 in New Delhi.
  • In 2022, the IOC session was held in Beijing, China.
  • It is the annual meeting of the members of the IOC i.e 101 voting members and 45 honorary members.
  • Nita Ambani is the representative of India on this committee.



Government sets up National Dam Safety Authority.

  • The Parliament of India had passed the Dam Safety Act 2021 on December 8, 2021, which seeks to provide an institutional architecture for dam safety in the country.
  • Following this, the Central Government has established an Authority, which shall known as the National Dam Safety Authority, to discharge the powers and functions of the National Authority under the Dam Safety Act.
  • The Authority came into force with effect from February 18, 2022.
  • The headquarter of the Authority will be located in the national capital region, and have four regional offices.



PM Modi inaugurates 550-tonne capacity Gobar-Dhan (Bio-CNG) Plant in Indore.

  • Prime Minister Shri Narendra Modi inaugurated a 550-tonne capacity Gobar-Dhan (Bio-CNG) Plant in Indore, Madhya Pradesh on February 19, 2022, through video conferencing.
  • This is the biggest Bio-CNG plant in Asia. It has been set up at a cost of Rs 150 crore.
  • The gobardhan plant is based on the concept of waste-to-wealth innovation.
  • It is proposed that such Gober Dhan Bio CNG plants will be established in 75 big Municipal bodies in coming two years.



Dollar-millionaire households in India increased by 11% in 2021: Hurun India Wealth Report.

  • According to the latest Hurun India Wealth Report 2021, the number of dollar-millionaire households in India increased by 11 percent to 4,58,000 households in 2021, as compared to 2020.
  • Household having a net worth of at least INR 7 crore ($1 million), is referred to as a dollar-millionaire household.
  • The report has estimated that the number of dollar-millionaire households in the country shall increase by 30% over the next five years to reach 6,00,000 households in 2026.
  • Meanwhile, in the list of cities with most millionaires, Mumbai has topped with 20,300 millionaires households.
  • Mumbai is followed by Delhi with 17,400 and Kolkata with 10,500 millionaire households, respectively.
  • The report is based on survey on 350 Indian millionaires (individuals with a personal wealth of $1 million).



JPMorgan becomes the 1st Bank Into the Metaverse.

  • JPMorgan (largest bank in the U.S.) announced that it has become the 1st bank to enter in the metaverse.
  • It has opened a lounge in Decentraland i.e. a virtual world based on blockchain technology.
  • The lounge has been named as Onyx lounge and has an image of CEO of JPMorgan, Jamie Dimon.

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