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NATIONAL AFFAIRS
India’s 76th Independence Day 2022 Celebrations & Awards – August 15, 2022
On August 15, 2022, India and Indians all over the world celebrated the 76th Independence Day, marking the start of a interval of freedom from the greater than 200-year oppression of British colonialism.
Significance
In India, Independence Day honours the sacrifices and protracted efforts of brave leaders and freedom fighters who endured oppression and suppression by the hands of the British and devoted their whole lives for the welfare of the nation and its residents.
Historic Background: Independence Day of India
i.On August 15, 1947, India was declared impartial of British colonialism, and sovereignty was given over to the nation’s leaders.
ii.The Indian Independence Invoice, which created the impartial nations of India and Pakistan from the previous Mughal Empire, got here into impact at midnight on August 15, 1947.
Celebration of 75 years of Indian Independence: Azadi Ka Amrit Mahotsav Initiative
i.The Authorities of India has launched the Azadi Ka Amrit Mahotsav to commemorate and rejoice 75 years of independence in addition to the fantastic previous of its folks, tradition, and achievements.
ii.The inaugural journey of Azadi ka Amrit Mahotsav started on March 12, 2021, commencing a 75-week countdown to the seventy fifth anniversary of independence. It can conclude publish a yr on August 15, 2023.
iii. Droupadi Murmu, the President of India and Supreme Commander of the Armed Forces, has offered 107 Gallantry awards to Armed Forces and Central Armed Police Forces (CAPF) personnel on the event of Independence Day 2022
>> Learn Full Information
MoS Dr Jitendra Singh approves StartUp Loan of Rs 1.15cr to TGP Bioplastics for commercializing Compostable Plastic
i.On August 16, 2022, the Minister of State (MoS) Dr Jitendra Singh, Ministry of Science & Expertise (MoST) has permitted StartUp mortgage of Rs 1.15 crores to M/s TGP Bioplastics Non-public Restricted, Satara (Maharashtra) for commercializing compostable plastic which is able to mitigate the utilization of Single Use Plastics (SUP).
ii.StartUp TGP Bioplastics has provide you with another answer of SUP with the prototype of a compostable plastic materials which breaks down as compost in soil with out affecting the setting.
iii.A MoU was signed between Expertise Improvement Board (TDB), a statutory physique beneath DST and TGP Bioplastics Non-public Restricted for manufacturing & commercialization of compostable plastic.
About Division of Science & Expertise (DST):
Secretary– Dr. Srivari Chandrasekhar
Mother or father Ministry– Ministry of Science & Expertise
Headquarter– New Delhi, Delhi
>> Learn Full Information
Centre launches Early Childhood Improvement Conclave, Paalan 1000 Nationwide Marketing campaign and Parenting app
Union Minister of State(MoS) for Well being and Household Welfare, Bharati Pravin Pawar just about launched the Early Childhood Improvement Conclave, Paalan 1000 Nationwide Marketing campaign and Parenting App in Mumbai, Maharashtra.
Key folks:
Dr Vinod Okay Paul, Member (Well being & Vitamin), (Nationwide Establishment for Reworking India) Aayog was additionally current.
About ‘Paalan 1000 – Journey of the First 1000 Days’,
It focuses on the cognitive developments of kids within the first 2 years of their life.
i.The programme is aligned with the mission of the Rashtriya Bal Swasthya Karyakram (RBSK), emphasizing responsive care and focusing interventions on the primary 1000 days.
ii.The primary 1,000 days encompasses conception in addition to the primary two years of a rising baby’s life and through this era, the kid wants the proper vitamin, stimulation, love and help.
iii.The app will present sensible recommendation to caregivers on what they’ll do of their on a regular basis routine and can assist clear doubts.
iv.It targeted on the 6 ideas on Maximize Love, Speak & Interact, discover via Motion and Play, Learn and Focus on Tales, Mom’s Engagement with the Little one whereas Breastfeeding and Managing Stress and Staying Calm.
India has taken fast strides in decreasing baby mortality since 2014.
- It has decreased baby mortality from 45 per 1000 reside births to 35 per 1000 reside births in 2019.
MP’s Tribal-Dominated Mandla Turns into India’s First Full Purposeful Literate District
Mandla, a district in Madhya Pradesh’s (MPs), which is a tribal-dominated area has grow to be India’s first totally functionally literate district.
- In 2020, the district administration has launched a marketing campaign “Niraksharta Se Azadi Abhiyaan” to make the residents of the district totally literate with the assistance of educators from the departments of schooling, girls and baby growth (WCD) and social employees.
Key Factors:
i.The whole district has grow to be functionally literate inside 2 years of the initiation which made folks of Mandla to jot down their names, rely and browse.
ii.As per 2011 survey, the literacy fee in Mandla was 68 p.c whereas in 2020, one other report acknowledged that over 2.25 lakh folks weren’t literate within the district and most of them had been tribals residing within the forest areas.
- An individual could be referred to as functionally literate when she or he is ready to write his or her personal title, to rely and browse and write.
INTERNATIONAL AFFAIRS
UK– the primary nation to approve COVID-19 booster vaccine focusing on Omicron strains
The UK (UK) has grow to be the first nation to approve Moderna’s ‘bivalent’ Covid-19 vaccine that tackles each the unique virus pressure from 2020 and the Omicron BA.1 variant.
The Medicines and Healthcare merchandise Regulatory Company (MHRA) has permitted Moderna’s bivalent which meets its requirements of security, high quality and effectiveness.
- Joint Committee on Vaccination and Immunisation (JCVI), UK’s impartial skilled advisory committee will advise on how this new vaccine ought to be launched as a part of the UK’s booster vaccine deployment programme.
BANKING & FINANCE
Baroda Tiranga Deposit: Financial institution of Baroda launches Particular FD Scheme
Baroda Tiranga Deposit: Financial institution of Baroda launches Particular FD Scheme
i.To rejoice 75 years of India’s independence, the general public sector lender Financial institution of Baroda (BoB) on August 16, 2022, has launched the ‘Baroda Tiranga Deposit Scheme’ for a restricted time interval i.e. until December 31, 2022. It applies to retail deposits beneath Rs 2 crore.
ii.It’s a Particular Fastened Deposit (FD) scheme providing the next rate of interest for subscribers.
iii.It’s obtainable in two tenor buckets providing rates of interest of 5.75% every year for 444 days and 6% every year for 555 days.
iv.The Ujjivan Small Finance Financial institution (SFB) has additionally launched two new tenures of retail FDs (beneath Rs 2 crore) viz. 75 weeks (525 days) and 75 months, each carrying the best fee of seven.50%.
About Financial institution of Baroda (BoB):
Institution– 1908
MD & CEO– Sanjiv Chadha
Headquarters– Vadodara, Gujarat
Tagline– India’s Worldwide Financial institution
>> Learn Full Information
Axis Financial institution Indicators MoU with Meals Company of India
Axis Financial institution, India’s third largest personal sector financial institution, has signed a Memorandum of Understanding (MoU) with Meals Company of India (FCI) to supply ‘Ultima Wage package deal’, a wage account with unique advantages & options to all its staff.
- The signing ceremony was held at FCI Headquarters, New Delhi and G. N Raju, Basic Supervisor(GM), FCI Headquarters (HQ) represented FCI and Axis Financial institution was represented by Anil Agarwal, President, Monetary Establishments Group & Lt Col M.Okay Sharma, Nationwide Accounts Head.
Key Highlights:
i.With this MOU, the Financial institution will provide holistic banking companies to the staff of Public Sector Undertakings (PSUs).
ii.Beneath the package deal, financial institution will provide private unintentional cowl of upto Rs. 20 lakhs, extra schooling grant upto Rs. 8 lakhs, complete everlasting incapacity cowl profit upto Rs. 20 lakhs, everlasting partial incapacity cowl of upto Rs. 20 lakhs, air accident cowl of Rs. 1 crore.
- This additionally affords advantages similar to free extra debit card for a member of the family, 12 Equated Month-to-month Instalment (EMI) waiver on House mortgage, 3 zero stability accounts for relations, common account quantity whereby all Axis Financial institution branches will operate as a House department.
About Meals Company of India (FCI):
Chairman and Managing Director (MD) – Subodh Kumar Singh
Institution – 1964
Headquarters – New Delhi, Delhi
RBI directs mortgage restoration brokers to not intimidate debtors
On twelfth August 2022, the Reserve Financial institution of India (RBI) issued new guidelines limiting the mortgage restoration brokers from harassing the debtors and calling them earlier than 8 am and after 7 pm.
- The round additionally applies to all industrial, regional and rural, small finance banks, and non-banking monetary corporations together with housing finance corporations, besides funds banks and Mutual fund enterprise.
- RBI as a part of pointers on Honest Practices Code (FPC) warned and opposed making false representations to the debtors. If RBI finds the brokers violating the rule set by the Central Financial institution, it will be considered significantly.
Regulated Entities (RE) should not profit by harassing in any sort, both verbal or bodily towards any particular person of their mortgage restoration course of.
SBI Launches India’s 1st start-up Devoted Department in Bengaluru
On seventeenth August 2022, the State Financial institution of India (SBI) launched India’s first state-of-the-art start-up devoted department in Koramangala in Bengaluru, Karnataka. This may function a one-stop store for all start-ups and corporates in Karnataka.
- The department was opened by SBI Chairman Dinesh Khara and is situated alongside neighbouring HSR Format and Indiranagar, that are the largest start-up hubs in Bengaluru, Karnataka.
- Karnataka was adjudged the very best performer within the central authorities’s States’ Startup Rating-2021 for growing a powerful startup ecosystem.
Observe – Two extra branches will likely be opened in Gurgaon, Haryana and in Hyderabad, Telangana.
Key highlights:
i.The department would act as a hub with numerous stakeholders providing a one-stop answer to the corporates and start-ups ranging from the formation of the entity until the Preliminary Public Choices (IPOs) and Comply with on Public Provides (FPOs) of the businesses.
- The department will even cater to the necessities of the personal fairness (PE) and enterprise capital (VC) funds and the Different Funding Funds (AIFs).
ii.The department will purchase quite a lot of specialist officers for the foreign exchange, treasury options, wealth administration and credit score wants of the start-ups.
iii.The department would offer entry to banking amenities, funding, and credit score amenities. Rs 2 crore in collateral-free monetary help will likely be given to start-up entrepreneurs.
iv.The department has additionally entered right into a Memorandum of Understandings (MoUs) with the federal government of Karnataka initiatives like Karnataka Innovation and Expertise Society (KITS) and Karnataka Digital Economic system Mission (KDEM) to help the whole start-up ecosystem in Karnataka.
AWARDS & RECOGNITIONS
Axis Financial institution CEO Amitabh Chaudhry, is the highest paid financial institution CEO in India
Amitabh Chaudhry, Managing Director (MD) and Chief Government Officer (CEO) of Axis Financial institution Ltd, has topped among the many highest paid MD & CEOs of India within the fiscal yr 2022(FY22). He obtained a complete fee of Rs 7.63 crore in FY22, together with his efficiency pay of Rs 89 lakh.
- Sumant Kathpalia MD & CEO of Indusind Financial institution, was the 2nd highest paid MD&CEO, with Rs 7.3 crore remuneration in FY22, adopted by Sandeep Bakhshi MD and CEO of ICICI Financial institution(RS 7.08 crore) and Sashidhar Jagdishan MD and CEO of HDFC Financial institution(Rs 6.51 crore).
- Government Director of HDFC Financial institution, Kaizad Bharucha is the best paid banker of FY22, obtained Rs 10.64crore remuneration in FY22, primarily as a consequence of Rs 4.46 crore as a efficiency bonus.
APPOINTMENTS & RESIGNATIONS
Kenya’s Deputy President William Ruto wins presidential ballot
Deputy President of Kenya, William Samoei Arap Ruto received the presidential election 2022. He defeated his rival former Prime Minister Raila Odinga securing 7176,141 votes, or 50.49% of the vote.
- He will likely be succeeding 4th President Uhuru Kenyatta.
- He turns into Kenya’s first sitting deputy president to succeed the incumbent following aggressive elections and first candidate to win the presidency at first try.
About William Samoei Arap Ruto:
i.He was born on 21 December 1966 in Kamagut, Kenya. He’s the chief of the United Democratic Alliance get together beneath the Kenya Kwanza (Kenya First) coalition.
ii.He has been serving because the Deputy President of Kenya since 2013.
iii.He was a Member of Parliament (MP) from 1998 to 2013. He served as Minister for House Affairs within the Daniel Arap Moi administration in 2002.
iv.He additionally served as Minister of Agriculture from 2008 to 2010 and as Minister for Increased Schooling in 2010.
About Kenya:
Capital- Nairobi
Forex- Kenyan shilling
President- Uhuru Kenyatta
Centre govt. appoints Rajkiran Rai as NaBFID as its MD for almost 5 years
The Centre govt. and the board of the Nationwide Financial institution for Financing Infrastructure and Improvement (NaBFID) appointed Rajkiran Rai G as its Managing Director (MD) for 5 years (2022-2027).
- He’ll take the cost of MD on August 8 2022, and can maintain the highest publish until Could 18, 2027.
- In October 2021, the federal government appointed veteran banker KV Kamath because the chairperson of the NaBFID for 3 years.
i.Initially the title was beneficial by the Monetary Companies Establishments Bureau (FSIB), former Banks Board Bureau (BBB).
ii.The board of NaBFID permitted his appointment on July 30 2022 based mostly on clearance by the Reserve Financial institution of India (RBI), Centre govt. and the Improvement Finance Establishment (DFI)’s nomination and remuneration committee.
About Rajkiran Rai G:
i.He was Managing Director (MD) & Chief Government Officer (CEO)of Union Financial institution of India from 2017.
ii.He has greater than three many years of wealthy banking expertise which incorporates heading Industrial Finance Department, Areas and Zonal Workplaces.
iii.He was appointed because the Agricultural Finance Officer within the Central Financial institution of India in 1986 and likewise served because the Government Director of Oriental Financial institution of Commerce.
- He has additionally served because the Chairman of Indian Banks’ Affiliation (IBA).
iv.He’s the Chairman of Union Financial institution of India (U.Okay.) Restricted, Union Asset Administration Firm, Star Union Dai-Ichi Life Insurance coverage Firm Restricted, CorpBank Securities Restricted, and Director on the Board of EXIM Financial institution and United India Insurance coverage Firm Restricted.
ACQUISITIONS & MERGERS
CCI Approves Acquisition of Stake by ADIA Group; Sekhmet & ODPL and Adani Teams in Completely different Corporations
The Competitors Fee of India (CCI) has permitted the acquisition of stake in IIFL House not directly by Abu Dhabi Funding Authority (ADIA) group, sole beneficiary and settlor of the Platinum Jasmine Belief.
- The proposed transaction pertains to the acquisition of as much as 20 p.c stake in IIFL House Finance by Platinum Owl C 2018 RSC Ltd, a trustee appearing for Platinum Jasmine Belief.
CCI Approves Acquisition in ODPL by Sekhmet; ODPL Acquisition in OPPL and OLSPL
The CCI approves acquisition of majority shareholding in Optimus Medication Non-public Restricted (ODPL) by Sekhmet Pharmaventures Non-public Restricted (Sekhmet) and ODPL’s acquisition of shareholding in Optimus Pharma Non-public Restricted (OPPL) and Optimus Life Science Non-public Restricted (OLSPL) beneath Part 31(1) of the Competitors Act, 2002.
CCI Approves Acquisition of Holcim’s stake in Holderind, Ambuja & ACC Ltd by Endeavour
The CCI approves acquisition of Holcim’s stake in Holderind Investments Restricted, Ambuja Cements Restricted and ACC Restricted by Endeavour Commerce and Funding Restricted, an Adani Group firm.
- The proposed mixture envisages the acquisition of the whole share capital of Holderind Investments Restricted (Holderind) by the Endeavour Commerce and Funding Restricted (Endeavour).
CCI Approves Merger of HDFC Financial institution and HDFC Restricted
The CCI has given approval for the merger of HDFC Restricted, India’s largest housing finance firm and HDFC Financial institution, India’s largest personal sector financial institution.
- The proposed mixture entails amalgamation of HDFC Restricted, HDFC Financial institution, HDFC Investments and HDFC Holdings.
- The proposal has already obtained the approval of NSE Restricted and BSE Restricted, inventory exchanges and the pension regulator Pension Fund Regulatory and Improvement Authority (PFRDA).
About Competitors of India (CII):
Chairperson – Ashok Kumar Gupta
Institution – 2003
Headquarters – New Delhi, Delhi
>> Learn Full Information
SCIENCE & TECHNOLOGY
Manthan: Platform for Industry, R&D collaboration unveiled by Principal Scientific Adviser to GoI.
On August 16, 2022, the Workplace of the Principal Scientific Adviser (PSA) to the Authorities of India (GoI) launched a Manthan Platform which is able to allow and empower all spheres of science and expertise inside India. This launch commemorates India’s 75 years of independence- Azadi ka Amrit Mahotsav.
- The platform is powered by NSEIT Restricted and led by the Workplace of PSA.
- NSEIT is a 100% subsidiary of the Nationwide Inventory Alternate (NSE) of India.
Goal behind Manthan:
i.To advertise collaboration at scale between business and the scientific Analysis and Improvement (R&D) ecosystem to assist meet India’s sustainability objectives in alignment with the United Nations (UN) outlined Sustainable Improvement Targets (SDG) constitution.
ii.To implement technology-based social affect improvements and options.
Key Factors:
i.Manthan will present a possibility to convey nationwide and world communities nearer to India’s expertise revolution.
ii.It can facilitate information transfers and interactions via Data Alternate Classes, Exhibitions, and Occasions to develop a framework for future science, innovation, and technology-led progress.
iii.It can improve interactions amongst stakeholders, facilitate analysis and innovation, and share challenges in numerous rising applied sciences and scientific interventions.
iv.India’s Principal Scientific Adviser to the Authorities of India is Prof. Ajay Kumar Sood whereas the Managing Director (MD) & Chief Government Officer (CEO) of NSEIT is Anantharaman Sreenivasan.
SPORTS
Eire’s Kevin O’Brien Proclaims Retirement from Worldwide Cricket
On sixteenth August 2022 The 38-year-old, Eire all-rounder, Kevin Joseph O’Brien introduced his retirement from worldwide cricket.
About Kevin O’Brien:
i.Kevin O’Brien made his debut for Eire in 2006 and was certainly one of their longest serving cricketers.
- He’s additionally Eire’s main wicket taker within the One Day Worldwide (ODI) format, with 114 wickets at a median of 32.68.
- He scored the quickest century ever in 50-over World Cup Historical past (2011), from 50 balls towards England.
ii.Throughout his 16-year profession, he has performed 3 assessments, 153 ODI, 110 T20 Internationals for Eire and recorded a complete of 258 runs, 3,619 runs and 1,973 runs respectively.
iii.He turned the 1st Eire cricketer to attain a century in red-ball cricket.
OBITUARY
Former BCCI Secretary & Chairman of JSCA Amitabh Choudhary Handed Away
The previous Board of Management for Cricket in India (BCCI) appearing secretary and chairman of Jharkhand State Cricket Affiliation (JSCA), Amitabh Choudhary handed away on the age of 58 as a consequence of coronary heart assault in Ranchi, Jharkhand.
He was a retired IPS officer, who served within the rank of Inspector Basic of Police (IGP) with the Jharkhand police. He has additionally served as, BCCI joint secretary, and Group India’s administrative supervisor.
Choudhary performed a significant position in constructing one of many best cricket stadiums in Ranchi and introduced worldwide cricket and the Indian Premier League (IPL) to Jharkhand.
IMPORTANT DAYS
Partition Horrors Remembrance Day 2022- August 14
India yearly observes “Partition Horrors Remembrance Day ” on August 14 to acknowledge the difficulties confronted by the Indians in the course of the partition of India in 1947.
- The yr 2022 marks the 2nd version of Partition Horrors Remembrance Day.
- Partition Horrors Remembrance Day” is noticed on the road on “Holocaust Remembrance Day”.
The target of observing this present day is to honour the reminiscence of victims.
Background:
i.In 2021 Prime Minister (PM) Narendra Modi introduced to look at 14th August as Partition Horrors Remembrance Day.
- 14 August additionally marks Independence Day in Pakistan.
ii.India was partitioned into India and Pakistan on August 14, 1947.
- This occasion led to violence, communal riots and lack of property. It’s thought-about to be probably the most violent and abrupt displacement on this planet’s historical past.
Partition of India 1947:
i.A boundary fee was set as much as mark the territorial limits, headed by Cyril Radcliffe.
- Cyril Radcliffe was given the duty to redraw the boundaries of India and Pakistan.
ii.The boundaries of two new international locations had been created in a rush that lacked planning. It finally led to the “horrors of Partition” as a consequence of administrative flux, and large communal riots.
iii.The partition resulted within the displacement of 10 to twenty million folks and the loss of life of round 2 million folks.
- To commemorate this, the Indian authorities determined to look at “Partition Horrors Remembrance Day” is noticed on the road on “Holocaust Remembrance Day”.
STATE NEWS
Kerala CM Launches “Fortunate Invoice App” to Curb GST Evasion by Providing Engaging Prizes to Customers
On 16 August 2022, the Chief Minister (CM) of Kerala, Pinarayi Vijayan launched the cell software “Fortunate Invoice App”. It’s the first-of-its-kind initiative to be launched in India.
- The target is to encourage customers to add invoices in a bid to curb Items and Service Tax (GST) evasion.
- It may be downloaded from the Google Play Retailer or www.keralataxes.gov.in.
About Fortunate Invoice App:
i.It was developed by the State Items and Companies Tax (GST) division of Kerala and designed by the Digital College Kerala (DUK).
ii.It can assist in boosting tax assortment and likewise allow the federal government to look at the standing of tax return filings with the assistance of payments uploaded by folks.
iii.It encourages the citizen to ask for a invoice every-time they make a purchase order. To reward them in doing so, the app affords money prizes upto Rs 25 lakh.
iv.The prizes value Rs 5 crore can be provided yearly for the winners chosen amongst consumers who add their payments.
- In addition to, every day, weekly and month-to-month attracts can be held along with a bumper prize of Rs 25 lakh.
v.The appliance will assist to make sure that the taxation guidelines are strictly adopted.
- Aside from money prizes, the app will even provide rewards similar to present packs from Kudumbashree and Vanashree in addition to KTDC tour packages.
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Present Affairs Right now (AffairsCloud Right now)
S.no | Present Affairs 18 August 2022 |
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1 | India’s 76th Independence Day 2022 Celebrations & Awards – August 15, 2022 |
2 | MoS Dr Jitendra Singh approves StartUp Mortgage of Rs 1.15cr to TGP Bioplastics for commercializing Compostable Plastic |
3 | Centre launches Early Childhood Improvement Conclave, Paalan 1000 Nationwide Marketing campaign and Parenting app |
4 | MP’s Tribal-Dominated Mandla Turns into India’s First Full Purposeful Literate District |
5 | UK– the primary nation to approve COVID-19 booster vaccine focusing on Omicron strains |
6 | Baroda Tiranga Deposit: Financial institution of Baroda launches Particular FD Scheme |
7 | Axis Financial institution Indicators MoU with Meals Company of India |
8 | RBI directs mortgage restoration brokers to not intimidate debtors |
9 | SBI Launches its First Devoted Department to Help Bengaluru Begin-ups |
10 | Axis Financial institution CEO Amitabh Chaudhry, is the highest paid financial institution CEO in India |
11 | Kenya’s Deputy President William Ruto wins presidential ballot |
12 | Centre govt. appoints Rajkiran Rai as NaBFID as its MD for almost 5 years |
13 | CCI Approves Acquisition of Stake by ADIA Group; Sekhmet & ODPL and Adani Teams in Completely different Corporations |
14 | Manthan: Platform for Trade, R&D collaboration unveiled by Principal Scientific Adviser to GoI. |
15 | Eire’s Kevin O’Brien Proclaims Retirement from Worldwide Cricket |
16 | Former BCCI Secretary & Chairman of JSCA Amitabh Choudhary Handed Away |
17 | Partition Horrors Remembrance Day 2022- August 14 |
18 | Kerala CM Launches “Fortunate Invoice App” to Curb GST Evasion by Providing Engaging Prizes to Customers |
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