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09th August 2022

 

 

National News

Indo-Israel Center of Excellence for Vegetables inaugurated 

Israeli experts are providing the Center's technology as part of the India-Israel Action Plan (IIAP), while MIDH is funding the construction of the Center's infrastructure for demonstration purposes.  On the basis of Israeli innovations, Centers of Excellence (CoEs) are being established in the United States. In order to improve agriculture, the Central and State Governments are collaborating on all fronts, according to Agriculture and Farmers Welfare Minister Narendra Singh Tomar.  The newest technology in the horticulture industry are demonstrated and trained in at these Centers of Excellence.
In protected cultivation, they also act as a source of seedlings for fruits and vegetables.

International News

Thai PM Prayut to stay in power for another 2 years, says Dy PM

Thai PM Prayut Chan-o-cha will be in power for two more years, Deputy PM Prawit Wongsuwan said on Tuesday. This comes as the main opposition party seeks a court ruling to remove the PM this month, a year before an election is due. Prayut can serve a maximum of eight years as the PM as per the country's Constitution.

 

Indian diaspora in UK organise 'havan' for PM candidate Rishi Sunak

A group of UK nationals of Indian origin reportedly organised a 'havan' wishing for PM candidate Rishi Sunak's victory and well-being. The organisers of the 'havan' reportedly said that they endorse Sunak because they think he can save the UK from a possible financial crisis. The results of the UK prime ministerial race will be announced on September 5.

N Korea ready to send 100,000 troops to participate in Ukraine war: Russian expert

Around 100,000 North Korean volunteers are ready to go to Russia and take part in the Ukraine war, Russian military expert Igor Korotchenko said recently on state TV. North Korean builders are ready to work alongside Russian builders to repair war damage, Korotchenko added. He said the troops are "resilient, undemanding and motivated".

Crypto exchange Nuri GmbH files for insolvency in Germany

Crypto exchange Nuri GmbH has filed for insolvency with a Berlin court, the company said on Tuesday. It said the sell-off in the crypto market, the bankruptcy of the Celsius network and uncertainty in financial markets forced it to file for insolvency. "This challenging environment has had a lasting impact on the business development of Nuri GmbH," the company added.

China, S Korea pledge to develop closer ties amid tensions in region

The Foreign Ministers of South Korea and China on Tuesday pledged to develop closer relations and maintain stable industrial supply chains. Notably, this comes amid tensions between the US and China over Taiwan. South Korea, a longtime US ally, is struggling to strike a balance between America and the increasingly assertive foreign policy of China, a report said.

 

Gustavo Petro sworn in as first leftist President of Colombia 

Gustavo Petro has been sworn in as the first leftist president of Colombia. The 62-year-old is a former member of Colombia’s M-19 guerrilla group as well as a former senator and mayor of Bogota. He succeeds Ivan Duque.  Mr Petro is part of a growing group of leftist politicians and political outsiders who have been winning elections in Latin America since the pandemic broke out.  A 2016 peace deal between Colombia’s Government and the Revolutionary Armed Forces of Colombia turned much of the focus of voters away from the violent conflicts playing out in rural areas.

ASEAN Celebrated Its 55th Anniversary In 2022 

External Affairs Minister Dr S. Jaishankar has congratulated the ASEAN Member States and the Secretary-General on their 55th anniversary.  The ASEAN-India Centre (AIC) at Research and Information System for Developing Countries (RIS), New Delhi, organised a panel discussion to celebrate the 55th Anniversary of ASEAN.  The theme of this year’s ASEAN Day is “Stronger Together” which invites and welcomes the forward-minded people of ASEAN.

States News

Goa CM Pramod Sawant announced to implement 100% NEP in higher education 

Goa Chief Minister, Pramod Sawant has announced that the state government will implement 100% of the syllabus in higher education institutes along the lines of the National Education Policy (NEP).  The implementation of NEP from the college to university level has already started. From the next academic year, a hundred per cent of the syllabus in the higher education institutes would be online with the NEP.

Nitish Kumar resigned as NDA chief minister in Bihar 

Nitish Kumar has submitted his resignation as the NDA chief minister in Bihar to the state governor Phagu Chauhan. He also submitted a support letter of 160 MLAs to stake claims to form a new government.  In the 243-member assembly, the BJP has 77 lawmakers and JD (U) 45. The RJD is currently the single-largest party with 79 MLAs, Congress 19 and the CPI(ML)-led Left Front 17.  Nitish Kumar left for the residence of RDJ patriarch Lalu Yadav's wife Rabri Devi in Patna to hold talks with Tejashwi Yadav, who is likely to get the deputy chief minister's post in the new coalition government.

Defence News

12th edition of Defence Expo to be held in Gandhinagar, Gujarat 

The Ministry of Defence has announced that the 12th edition of the Defence Expo, India's flagship exhibition on Land, Naval and Homeland Security systems, will be held in Gandhinagar, Gujarat.  The event will be held between October 18 and 22, 2022. The theme for this edition is 'Path to Pride' invoking nationalistic pride and encouraging citizens to partake in nation-building through establishing a capable indigenous Defence industry.  The Indian Defence industry has been keenly anticipating DefExpo-2022 which is Asia's largest event in the defence sector. It was postponed in March 2022 due to logistical problems being faced by the participants.

Indian Army conducts pan-India drill ‘Skylight’ to test operational readiness 

The Indian Army has conducted a pan-India satellite communication exercise named ‘Ex Skylight’, in the last week of July.  The main objective of this exercise was to test the operational readiness and robustness of its hi-tech satellite communication systems, in the event of an attack by an adversary.  The Indian Army is preparing to have its own multi-band dedicated satellite, with added security features by 2025.  The dedicated GSAT-7B satellite of the Army is a first-of-its-kind indigenous multi-band satellite, designed with advanced security features. It will support tactical communication requirements for troops deployed on the ground, remotely piloted aircraft, air defence weapons and other mission-critical and fire support platforms.

BANKING, BUSINESS AND ECONOMY

RBI Imposes ₹2.33 Cr Monetary Penalty On Spandana Sphoorty Financial

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.33 crore on Hyderabad-based Spandana Sphoorty Financial Ltd, for its failure to adhere to the pricing of credit guidelines for Non-Banking Financial Company - Micro Finance Institutions (NBFC-MFIs).  RBI had conducted statutory inspections of the company, an NBFC- MFI, with reference to its financial position as of March 31, 2019, and March 31, 2020.

SBI's first-quarter net profit fell by 7% to Rs. 6,068 billion 

Due to a reduction in revenue, the largest lender in the nation, State Bank of India (SBI), reported a 7% decline in standalone net profit for the first quarter of the current fiscal year, coming in at Rs 6,068 crore.  In the April through June quarter of 2021–2022, the bank had posted a net profit of Rs 6,504 crore. SBI reported in a regulatory filing that its standalone total income decreased to Rs 74,998.57 crore in the first quarter of 2022–23 from Rs 77,347.17 crore in the same period last year.

Indian Bank received a Rs. 32 lakh fine from the RBI 

In accordance with paragraph 3.2.6 of Reserve Bank of India (Frauds, classification and reporting), the Reserve Bank of India fined the Indian Bank a total of Rs. 32.00 lakh (Rupees Thirty Two Lakh only) for failing to submit a Flash Report for frauds involving amounts of at least Rs. 5.00 crore (Rupees Five Crore) to the RBI as required by Section 47A(1)(c) of the Banking Regulation Act, 1949.  The Indian Bank has taken essential preventive and comprehensive measures to stop a repeat of this in the future.

Federal Bank: First payment gateway to be listed on the new tax platform

The Kerala-based Federal Bank is listed in the Income Tax Department's TIN 2.0 platform and now lists the Payment Gateway platform as the first bank.  The "Payment Gateway" has been enabled since the TIN 2.0 platform went live on July 1 of this year, giving taxpayers one more payment option. They can now easily make their payments using methods like Credit/Debit Card, UPI, NEFT/RTGS, and Internet Banking.

TATA Steel to spend 3000 cr on seating for new Vande Bharat trains 

Tata Group is preparing to introduce the "First in India" seating system for Vande Bharat Express trains starting in September 2022 and plans to invest Rs 3,000 crore on R&D by FY26. By 2030, the steel-to-salt conglomerate hopes to rank among the top 5 technological companies worldwide in the steel sector.  The Vande Bharat express has placed a bulk order worth Rs 145 crore with Tata Steel's Composites division for seating systems. This order calls for the provision of complete seating systems for 22 train sets, each consisting of 16 coaches.

Awards News

Puneeth Rajkumar to be conferred Karnataka Ratna posthumously 

Karnataka Chief Minister, Basavaraj Bommai has announced that Kannada film star Puneeth Rajkumar, who died last year, will be conferred with the 'Karnataka Ratna' award posthumously.  On November 1, which happens to be Kannada Rajyotsava, the state's formation day.  He will be the 10th recipient of the state's highest civilian honour.  Considered the Kannada cinema's reigning star, Puneeth, the youngest of five children of Kannada matinee idol Dr Rajkumar, died of a cardiac arrest on October 29 at the age of 46.  Interestingly, Puneeth's late father Rajkumar is among the first recipients of the Karnataka Ratna award in 1992, along with poet Kuvempu.

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Sports News

Serena Williams announces her retirement from tennis

Twenty three-time singles' Grand Slam champion Serena Williams announced that she will retire from tennis following US Open 2022. "I've never liked the word retirement...Maybe the best word to describe what I'm up to is evolution...I'm evolving away from tennis...toward other things that are important to me," she wrote in a Vogue article. The 40-year-old had turned pro in 1995.

 

Commonwealth Games 2022: India’s Final Medal Tally and Rank 

India contingent completed its Commonwealth Games 2022 campaign in Birmingham. India won 61 medals in the overall Commonwealth Games 2022 medal table.  India finished its CWG 2022 campaign as the fourth-best country on the medals table.  India won 22 gold medals, 16 silver and 23 bronze medals at the Commonwealth Games in Birmingham.  India’s Commonwealth Games 2022 campaign is its fifth-best in terms of the number of medals won. India’s best finish was at its home games in Delhi in 2010, where it won 101 medals.

Commonwealth Games 2022: PV Sindhu won the gold medal in women’s single badminton 

India’s shuttler P V Sindhu has clinched a gold medal in the final of women’s single at the Commonwealth Games 2022.  The double Olympic medalist beat Michelle Li of Canada to win the Gold. PV Sindhu beat Michelle Li by 21-15, 21-13. This is the first-ever Commonwealth Games singles gold of Sindhu's career.

Commonwealth Games 2022: India won silver medal after losing to Australia in cricket 

The Indian women’s cricket team has created history and secured the country’s first-ever medal in cricket in the history of the Commonwealth Games (CWG) 2022.  The Women in Blue have reached the gold medal match after beating hosts England in a nail-biting clash at the Edgbaston Cricket Ground. Batting first, Australia scored 161/8 in the final played at Edgbaston ground. In reply, the Indian team could only score 152 runs in 19.3 overs. India lost the gold medal match by just 9 runs.  In the bronze medal match earlier, New Zealand coasted to an eight-wicket win over England.

Commonwealth Games 2022: Aussie Swimmer Emma McKeon Has Won More Gold Than 56 Countries 

28-year-old swimmer, Emma McKeon from Australia, has set a unique record of sorts at the Commonwealth Games 2022 as she bagged more medals than 56 nations/territories at the 2022 Commonwealth Games.  She won one bronze, one silver, and six gold medals across various events in swimming at the Commonwealth Games. Out of the 72 countries/territories that took part in the CWG 2022, only 16 won eight or more medals.

2026 Chess Olympiad to be hosted by Uzbekistan 

According to a tweet from the International Chess Federation (FIDE), Uzbekistan will host the 2026 Chess Olympiad. In Chennai's ongoing Chess Olympiad, their young team is now in the lead.  Teams from around the world compete in the Chess Olympiad, a biennial chess competition. The event is organised by FIDE, which also chooses the host nation. In the midst of the COVID-19 pandemic, FIDE hosted an online chess tournament in 2020 and 2021 with a quick time limit that harmed competitors' online ratings.

Important Days

World observed Nagasaki Day on 09th August 

Japan commemorates the 9th of August every year as Nagasaki day. On August 9, 1945, the United States dropped an atomic bomb on Nagasaki, Japan. It was code-named “Fat Man” due to the design of the bomb as it had a wide, round shape.  On August 9, 1945, a US B-29 bomber dropped an atomic bomb on the city, killing nearly 20,000 people.  The year 2022 will mark the 77th anniversary of the incident and will pay tribute to all those who lost their lives in the attack or were left alive to die slowly in the horrible nuclear radiation.

International Day of the World’s Indigenous Peoples: 09 August 

International Day of the World’s Indigenous Peoples is celebrated on 09th August across the world.  The celebration highlights the role of indigenous people and the importance of preserving their rights, communities and knowledge they gathered and passed down over centuries.  The theme of International Day of the World’s Indigenous Peoples this year is “The Role of Indigenous Women in the Preservation and Transmission of Traditional Knowledge.”  On December 23, 1994, the UNGA, passed resolution 49/214, eclaring August 9 as the International Day of the World’s Indigenous People. 

 

 

OBITUARY
AIADMK's first MP Maya Thevar passes away at the age of 87

AIADMK's first MP K Maya Thevar passed away on Tuesday due to cardiac arrest in Tamil Nadu's Dindigul at the age of 87. Thevar was handpicked by AIADMK founder MG Ramachandran to contest the party's maiden by-election in 1973. Condoling his death, former Tamil Nadu CM O Panneerselvam said, "It was he who selected the two leaves symbol for [AIADMK]."

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