KARNATAKA ECGC IBPS RRB PO CLERK CURRENT AFFAIRS SNIPPETS 10&11 SEPTEMBE...

 

 

 

CURRENT AFFAIRS SNIPPETS

10 th and 11^th September 2022

 

 

National News

 

Will soon launch national party, formulate its policies: T'gana CM

Telangana CM and TRS chief K Chandrashekar Rao on Sunday said he would launch a national party and formulate its policies soon. "There has been a consensus on the alternative national agenda after prolonged discussions with intellectuals, economists and experts from various fields like we did before the start of [the] Telangana movement," an official release from Rao's office said.

Security increased in Varanasi ahead of court order on Gyanvapi case

Ahead of the Varanasi district court's order on the Gyanvapi mosque case on Monday, prohibitory orders were put in place and security was tightened in the city. Both Hindu and Muslim sides concluded their arguments on the maintainability of the suit in August. Police have intensified checking in the district's border areas, hotels and guest houses.

 

Amit Shah lays foundation stone of Tanot Temple Complex in Rajasthan

Union Home Minister Amit Shah laid the foundation stone of the Tanot Temple Complex Project, which is adjacent to the India-Pakistan international border and is around 120 km from Jaisalmer, Rajasthan. Over ₹17 crore has been approved by the Centre for the project. Centre is planning to make a waiting room, amphitheatre, room for children and other necessary facilities.

 

PM Modi calls UK PM Liz Truss to express condolences over Queen's demise

PM Narendra Modi on Saturday spoke with the new British PM Liz Truss on phone, to congratulate her on assuming the country's top office and to condole Queen Elizabeth II's demise, the government said. "On behalf of the people of India, PM Modi conveyed deep condolences to the Royal family and the people of the UK," said a government release.

 

Sharad Pawar unanimously re-elected as NCP President for 4 years

Sharad Pawar has been unanimously re-elected as the President of the Nationalist Congress Party (NCP), party spokesperson Mahesh Bharat Tapase said on Saturday. The 81-year-old leader will be NCP President for another four years. The decision was announced at the party's national executive meeting, which was attended by MLA Ajit Pawar, MP Praful Patel, MP Supriya Sule and others.

 

Andhra Pradesh govt to revive Marriage Financial Assistance scheme

The government of Andhra Pradesh has decided to revive the Marriage Financial Assistance scheme for backward classes, minorities, and the differently-abled in the state. The scheme will be launched with a new name and an enhanced scale of benefit, PTI reported. The YS Jagan Mohan Reddy-led government in 2019 had stopped the scheme implemented by former CM Chandrababu Naidu's government.

 

Gujarat CM launches state's 'Cinematic Tourism Policy 2022'

Gujarat CM Bhupendra Patel on Saturday launched the state's 'Cinematic Tourism Policy 2022' which aims to attract investment, develop infrastructure, raise entrepreneurial opportunity and increase jobs in the film industry. As per policy, the government will give incentives for making films, documentaries and TV series. The government will also give 100% reimbursement of registration fee.

International News

 

PM Modi to attend SCO summit in Uzbekistan on Sept 15-16

PM Narendra Modi will visit Samarkand in Uzbekistan to attend the Shanghai Cooperation Organisation (SCO) summit on September 15 and 16, the Ministry of External Affairs said on Sunday. Chinese President Xi Jinping and Russian President Vladimir Putin are among the leaders expected at the meeting. PM Modi is likely to hold bilateral meetings on the sidelines of the Summit.

BUINESS, BANKING AND ECONOMY

 

Retail inflation was 7.28% in first quarter, while RBI expects it to touch 7.1%

Cooling food prices may have helped moderate retail inflation to a five-month low of 6.7% in July, but there could be a reversal in August’s inflation print thanks to concerns about the uneven progression of monsoon through the country and other factors. 

Price rise in food items had dropped to the lowest level since March 2022 at 6.75% in July, from 7.75% in June, and was seen as the key driver for bringing consumer price inflation below 7% after a three-month spell. In recent weeks, the government has imposed curbs on external as well as internal trade of food items like rice, atta (wheat flour), and tur dal (red gram), reflecting its recognition of their surging prices. 

Blindly adopting tech could be counterproductive: RBI Executive Director

The Executive Director of the Reserve Bank of India (RBI), Ajay Choudhary, said that the financial sector "blindly" adopting latest technologies without understanding the biases could be counterproductive. "RBI’s focus area is innovation, while innovations are desirable they also need to be responsible," he added. Choudhary said that the risks posed by new innovations should be well understood.

Indian Railways revenue up 38% to ₹95,486.58 crore till Aug-end

Railways Ministry has said the overall revenue of Indian Railways at the end of August 2022 was ₹95,486.58 crore. This is over 38% or ₹26,271.29 crore as compared to the corresponding period of last year, an official statement said. Further, the revenue from passenger traffic increased 116% year-on-year to ₹25,276.54 crore. Passenger traffic has also increased compared to last year.

 

 

Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty

 

India’s rice exports could fall by 4-5 million tonnes (MT) this fiscal year due to the ban on broken rice as well as export duty on non-basmati rice, except for parboiled grains, exporters said.

India, which commands 40% share in the global rice trade, exported 21.23 MT of rice in 2021-22 fiscal as against 17.78 MT in the previous year. Before the COVID-19 pandemic, the exports were at 9.51 MT in the 2019-20 fiscal.

During April-August period of the current financial year, government data, showed that the country had already exported 9.35 MT as against 8.36 MT in the year-earlier period.

India imposes 20% export duty on non-Basmatic rice export

 

The Centre on Thursday imposed an export duty of 20% on rice, brown rice, and semi-milled as well as wholly milled rice except for parboiled rice to boost domestic supplies, effective September 9.

India, the world’s second-largest rice producer after China, commands a 40% share in the global trade.

The country exported 21.2 million tonnes of rice in the 2021-22 fiscal year, of which 3.94 million tonnes were Basmati rice. It exported non-Basmati rice worth $6.11 billion in the same period, as per official data

The country exported non-Basmati rice to more than 150 countries in 2021-22.

Welcoming the export duty, former president of All India Rice Exporters Association Vijay Setia said Indian rice was being exported at a “very low price”. The export duty would lead to a reduction in non-Basmati rice shipments by 2-3 million tonnes, but the realisation from the exports would remain the same because of the 20% duty.

“It is a good decision in view of fall in paddy acreage,” Mr. Setia said.

The association’s current president Nathi Ram Gupta said the export of raw rice from southern parts of the country would be impacted, but shipments of parboiled may go up.

 

Sports News

Sri Lanka defeat Pakistan to win their 6th Asia Cup, their first since 2014

Sri Lanka defeated Pakistan by 23 runs in the final in Dubai to win Asia Cup for the sixth time. Bhanuka Rajapaksa top-scored for Sri Lanka in the final with 71*(45), while Pramod Madushan took four wickets and Wanindu Hasaranga took three wickets. It's Sri Lanka's first Asia Cup victory since 2014, when also they defeated Pakistan in the fina

 

Red Bull's Verstappen wins Italian GP, closes in on 2nd world title

Red Bull F1's Max Verstappen started seventh on the grid and went on to win the 2022 Italian GP to potentially be one win away from his second world championship. Ferrari's Charles Leclerc finished second, ahead of Mercedes' George Russell. Debutant Nyck de Vries scored his first points for Williams F1 in a race that ended behind the safety car.

Sky is the limit: World no. 1 Swiatek after her maiden US Open win

World number one Iga Swiatek said the "sky is the limit" after winning her maiden US Open title. "It's something that I wasn't expecting for sure...I'm proud, also surprised a little bit. Just happy that I was able to do that," she added. Swiatek beat Ons Jabeur 6-2, 7-6(7-5) in final. Overall, it was the 21-year-old's third Grand Slam title.

Obituaries News

Mahesh Babu, Jr NTR condole Krishnam Raju's demise

Celebrities including Mahesh Babu and Jr NTR took to Twitter to express grief over the demise of veteran actor and former Union Minister Krishnam Raju. "A very sad day for me," Mahesh wrote, adding that his life, work and immense contribution to cinema will always be remembered. "Deeply saddened...I extend my heartfelt condolences to his family," Jr NTR tweeted.

PM condoles demise of Dwarka Peeth Shankaracharya Swaroopanand Saraswati

PM Narendra Modi expressed his grief at the demise of Dwarka Peeth Shankaracharya Swami Swaroopanand Saraswati on Sunday. "My condolences to his followers in this time of grief. Om Shanti!" PM Modi said. Swami Swaroopanand Saraswati passed away at the age of 98 at the Shridham Jhoteshwar Ashram in Madhya Pradesh's Narsinghpu

 

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