KARNATAKA BANK CURRENT AFFAIRS 19082022

 

CURRENT AFFAIRS SNIPPETS

19th August 2022

 

National News
NEP envisioned increase in youth's employability: Education Minister

Union Education Minister Dharmendra Pradhan claimed that the aim of National Education Policy is to increase youth's employability. "The benefits of this scheme will be seen in a few years and then it will become successful. NEP has envisioned the increase in employability of nation's youth by training students in schools and giving importance to Indian languages," Pradhan said.

 

Union Home Secretary Ajay Bhalla's term extended till Aug 22, 2023

The central government on Friday extended for the third time the service tenure of Union Home Secretary Ajay Kumar Bhalla for another year, up to August 22, 2023, according to a Personnel Ministry order. Bhalla, a 1984-batch Indian Administrative Service (IAS) officer of the Assam-Meghalaya cadre, assumed the office on August 23, 2019.

 

India's Oil Demand Will Rise By 7.73% In 2022, Fastest In The World 

India's demand for petroleum products like petrol and diesel will grow by 7.73 per cent in 2022, the fastest pace in the world. India's oil demand remained healthy at 0.7 millions barrels per day (million b/d), about 16 per cent y-o-y growth in June, after an annual growth of 0.8 million b/d in May.  Oil demand in India is supported by the rising momentum in economic activities, as the economic reopening continued amid an easing of COVID-19 restrictions in India. Indian oil demand in June was supported by the reduction in excise duty on petrol and diesel by the Central Government, coupled with the delayed arrival of the monsoon season and has led to robust demand for fuels.

'Yamuna Par Azadi Ka Amrit Mahotsav' organised by NMCG 

The Department of Water Resources, River Development and Ganga Rejuvenation, the Ministry of Jal Shakti, and the National Mission for Clean Ganga (NMCG) organised the event "Yamuna Par Azadi ka Amrit Mahotsav" at the water sports club in New Delhi.  Gajendra Singh Shekhawat, the Union Minister for Jal Shakti, presided over the gathering of Yamuna Par Azadi Ka Amrit Mahotsav. Shekhawat was given a guard of honour by BSF members on the occasion. To commemorate the occasion of Yamuna Par Azadi Ka Amrit Mahotsav, he also raised the national flag, Tiranga.

International News

Xi & Putin to attend G20 summit in Bali: Indonesian Prez Widodo

Chinese President Xi Jinping and Russian President Vladimir Putin will attend the G20 summit in Bali in November this year, Indonesian President Joko Widodo told Bloomberg News in an interview. This update comes amid West's heightened tensions with Russia and China over Ukraine and Taiwan. The trip would also be Xi's first visit outside China since January 2020.

UN peacekeeping mission pulls out of major city in Congo

The UN peacekeeping mission in Congo has withdrawn its personnel out of Butembo city following recent violent protests against the mission's alleged failure to protect civilians, UN and Congolese officials said on Thursday. The mission's spokeswoman, however, said "the mission has proceeded to a temporary redeployment of its personnel outside Butembo". She did not specify when they might return.

Our presence guarantees no 'Chernobyl scenario' in Zaporizhzhia: Russia

Russia's Deputy Foreign Minister Sergei Ryabkov on Friday said that the presence of Russian forces at Ukraine's Zaporizhzhia nuclear power plant guarantees that the plant does not witness a "Chernobyl scenario". On Thursday, the ministry had termed the UN proposal to demilitarise the area around the plant as "unacceptable". The plant has come under shelling several times in recent weeks.

You have same rights as me: Bangladesh PM to Hindus on Janmashtami

Bangladesh Prime Minister Sheikh Hasina said Hindu people in the country have the same rights as she has. Hasina was interacting with Hindu community leaders on the occasion of Janmashtami when she made the remarks. "Please don’t undermine yourselves (Hindus). You were born in this country, you are the citizens of this country,” she said.

 

 

 

Wish for peaceful relations with India based on equity: Pak PM

Pakistan Prime Minister Shehbaz Sharif said he wishes for peaceful relations with India on the basis of "equity, justice and mutual respect", local media reported on Friday. "The international community has to play a facilitative role...as it was essential for...stability in South Asia," he said. Sharif made the comments during a meeting with the new Australian High Comm­issioner to Pakistan.

United Kingdom(U.K) Inflation Rises To 10.1%, A 20 Year High

Britain's annual inflation rate has touched doubled digits, climbing to 10.1% in July from a year ago — the sharpest increase since 1982. Consumer prices are rising even faster in the U.K. than in the U.S. and Europe, propelled by higher food and energy costs.  The increase was largely due to rising prices for food and staples, including toilet paper and toothbrushes. Core inflation, which strips out volatile, food and energy prices hitting 6.2% in July.

Scotland becomes first nation to make period products available to everyone

Local governments of Scotland are now required by law of Scotland to offer free sanitary products (Period Products) like tampons and pads to anyone who needs them. As the Period Products Act takes effect in Scotland, goods will be supplied through councils and educational institutions.  The Period Products (Free Provision) (Scotland) Bill was unanimously approved by MSPs in November 2020. Labour MSP Monica Lennon, who has been working to eradicate period poverty since 2016, introduced the bill.

States News

Goa, first state in India to receive "Har Ghar Jal" certification 

The people of all the villages in Goa and Dadra & Nagar Haveli and Daman & Diu (D&NH and D&D) declared their village to be a "Har Ghar Jal" through a resolution passed by the Gram Sabha, certifying that all households in the villages have access to safe drinking water through taps and ensuring that "No One is Left Out."  All 85,156 of the 85,635,000 rural households in Dadra & Nagar Haveli, Daman & Diu, and Goa have access to potable water via a tap connection with Har Ghar Jal.

Chief Minister Arvind Kejriwal launched ‘Make India No. 1’ mission

Delhi Chief Minister, Arvind Kejriwal has formally unveiled his Aam Aadmi Party's national ambition with the launch of the 'Make India No 1' campaign.  At an event organised at Talkatora stadium here, he proposed a five-point vision for good governance. The Aam Aadmi Party (AAP) national convenor termed the campaign a "national mission" and appealed to the masses to join.  The first thing that we have to do is provide free and quality education to every child of this country.  The second measure that we will have to take is to provide free and best medical treatment along with free medicines and test facilities to every citizen of the country.

BRO to build First Steel Slag Road in Arunachal Pradesh

The Border Road Organization (BRO) will build Steel Slag Road in Arunachal Pradesh based on the Pilot project. The Steel Slag Road is the first of its kind Project which aims to make durable roadways that can withstand heavy rain and adverse climatic conditions.  Arunachal Pradesh has some treacherous areas and locations which suffer from heavy rain and adverse climatic conditions, the Steel Slag Road project will help to resolve the connection between the help centers and the affected areas.

"Dahi-Handi" Recognised as an Official Sport of Maharashtra

Chief Minister Eknath Shinde announces that 'Dahi-Handi' will be recognized as an official sport in Maharashtra. The state is set to organize a 'Pro- Dahi Handi' completion.  The Maharashtra Government also announces that the Govindas will get a job under the sports category and if any Govinda loses his life insurance of Rs 10 lakh will be given, also if they end up being partially handicapped insurance of Rs 5 lakh will be given by the Government of Maharashtra.

Agreements News

Paytm tie-up with Samsung stores to deploy smart PoS devices

Paytm partnered with Samsung stores across India to facilitate smart payments as well as its loan service Paytm Postpaid through the deployment of point-of-sale devices.  The partnership will enable consumers purchasing Samsung devices like laptops, smartphones, television, smart watches etc, from any authorised store in the country to pay through Paytm payment instruments, including UPI, wallet, buy now pay later scheme, debit cards and credit cards.

Yes Bank Announces Partnership with SellerApp to Promote ONDC 

Yes Bank has announced its partnership with SellerApp which is a seller-centric intelligence platform. This partnership between Yes Bank and SellerApp will encourage the seller segment of its client base to adopt Open Network Digital Commerce (ONDC) and also help them to expand their digital commerce footprint.  Open Network Digital Commerce or ONDC is a strategic initiative by the Government of India, which aims to democratize the digital commerce space. The ONDC is also an alternative to Flipkart and Amazon in the Indian eCommerce market.

MasterCard tie-up with badminton players to promote digital payments in India

Mastercard announced that Badminton players Lakshya Sen, Kidambi Srikanth, Satwiksairaj Rankireddy and Chirag Shetty will come on board as brand ambassadors of the company in India.  As winners of the prestigious Thomas Cup 2022 and Birmingham 2022 Commonwealth Games, the new ambassadors will partner with Mastercard to spread awareness about the safety, security, and convenience of digital payments in India.

 

 

BANKING, BUSINESS AND ECONOMY

Over 300 licences issued as Delhi to switch to old excise policy

Over 300 licences for retail liquor stores and 40 for wholesale stores have been issued in the national capital as Delhi prepares to switch to the old excise policy. Delhi government has also registered around 125 brands. "It's an ongoing process...in the coming weeks more licences are likely to be issued and more brands to be registered," an official said.

We want to become India's electronic hub: T'gana Minister KTR

Telangana IT Minister KT Rama Rao on Friday said the state wants to become India's electronic hub. "We are also a major player in Information Technology, hosting Microsoft's largest office outside of the US," KTR said. "The largest US FDA approved units outside of America are in Telangana which makes the state India's pharmaceutical hub," KTR further said.

Which 13 states have been barred from buying, selling electricity on power exchanges?

A total of 13 states/UTs have been barred from buying or selling electricity from spot market for not clearing pending payments of ₹5,085 crore to power generators. They are Tamil Nadu, Telangana, Madhya Pradesh, Manipur, Mizoram, Jharkhand, Bihar, J&K, Rajasthan, Andhra Pradesh, Maharashtra, Karnataka, and Chhattisgarh. Telangana was listed as the highest defaulter with dues worth ₹1,381 crore.
Chhattisgarh govt inviting bids to lease out 24 tourism properties

The Chhattisgarh government is inviting bids from "experienced private investors" to lease out 24 state-owned motels and resorts for 30 years. The bids are open till September 5 for 14 non-functional and 10 functional properties under the Chhattisgarh Tourism Board. The initiative is expected to provide facilities to local and foreign tourists and raise employment opportunities, officials said.

 

Axis Bank signed an MoU with FCI to provide “Ultima Salary Package”

India’s third largest private sector bank, Axis Bank has signed an MoU with Food Corporation of India (FCI) to provide “Ultima Salary Package”, a best-in-class salary account with exclusive benefits & features to all its employees.  With this MoU, the Bank has reinstated its commitment to offering holistic banking services to the employees of the Public Sector Undertakings (PSU) sector.  This MoU is a reflection of Axis Bank’s constant endeavour to address the banking requirements of different customer segments, helping them meet their financial aspirations & milestones.

TCS partnership with five star bank to offer hyper-personalised customer experience 

Tata Consultancy Services (TCS) has partnered with a subsidiary of Financial Institutions, Inc. 'Five Star Bank' on its digital transformation journey. This partnership enables it to determine lending risk and deliver hyper-personalized customer experiences using the TCS Customer Intelligence & Insights (CI&I) analytics platform.  TCS will leverage the AI-powered CI&I platform’s real-time contextual engagement capabilities to help the bank gain insights to avoid attrition blind spots and drive omnichannel customer personalization.

Vistara emerges second largest domestic airline by market share 

Full-service Vistara emerged as the second biggest airline by domestic market share last month with a 10.4% pie of the sky, distantly second to the market leader IndiGo at 58.8%.  The airline is Tata Sons’ joint venture with Singapore Airlines. The number three, four and five positions saw airlines separated by just decimal points — Air India (8.4%), GoFirst (8.2%) and SpiceJet (8%).  India’s airlines carried 9.7 million passengers on domestic routes in July, almost double from a year earlier but lower than the 10.5 million passengers ferried in June 2022.

Goodfellows, senior-focused startup launched by Ratan Tata

Ratan Tata, a pioneer in the field, unveiled Goodfellows, a firm that offers senior folks companionship services. Ratan Tata, the Chairman Emeritus of Tata Sons, provided seed money for the platform in an unknown amount.  Goodfellows completed a successful beta test over the past six months, and the service is now available in Mumbai. Pune, Chennai, and Bangalore are the next target cities.  Over 800 young graduates applied to work at Goodfellows during the beta testing phase, and 20 of those candidates were chosen to provide companionship to the elderly in Mumbai, according to the company.

Sports News

Bengaluru to host FIBA U-18 women's Asian Basketball Championship

Bengaluru will host the FIBA U-18 women's Asian Basketball Championship beginning on September 5.  According to Dr. Narayanagowda, the minister of sports and youth empowerment for Karnataka, Bengaluru will host the FIBA U-18 women's Asian Basketball Championship from September 5 to 11.  Dr. Narayanagowda, the minister, presented sports equipment to the Indian men's team travelling to Iran to compete in the FIBA U-18 Men's Basketball Championship during the press conference.

Important Days

World Photography Day celebrates on 19th August

World Photography Day is celebrated on August 19 each year. The aim of World Photography Day is to create awareness, share ideas and encourage people to take up photography.  The annual celebration pays tribute to the art of photography and also encourages those who are passionate about it to come together and share their work. It also serves as a motivating day for enthusiasts to pursue photography as a career.

World Humanitarian Day observed on 19th August

World Humanitarian Day is celebrated on August 19 every year to recognise all aid and health workers who volunteer to help victims of disasters and crises against all odds. The day aims to spread awareness about the need for humanitarian assistance worldwide.  The UN hopes that the day will serve as a reminder to people of the risk taken by some to save lives and support humanitarian causes.  The 2022 campaign, according to the United Nations, shines a light on "thousands of volunteers, professionals and crisis-affected people who deliver urgent health care, shelter, food, protection, water and much more." 

 

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