KBL IDBI ECGC IBPS CURRENT AFFAIRS SNIPPETS 5TH SEPT 2022

 

CURRENT AFFAIRS SNIPPETS

4^TH AND 5th September 2022

 

 

 

National News

Rajnath Singh To Visit Mongolia For The First Time 

Defence Minister to hold bilateral talks to further consolidate defence cooperation between the two countries. He will also travel to Japan for the 2+2 Ministerial dialogue. In a first, Union Defence Minister Rajnath Singh is scheduled to visit to Mongolia from September 5 to 7.  “The upcoming visit is the first ever visit by an Indian Defence Minister to Mongolia and will further consolidate the defence cooperation and strategic partnership between the two countries,” the Defence Ministry said. He is also scheduled travel to Japan for the 2+2 Ministerial dialogue.

Central govt female staff to get 60-day maternity leave in early child death

Special 60-day maternity leave: Central govt female staff to get a special maternity leave of 60 days. The leave will be granted in the event that a baby is lost before or during delivery, or if the infant passes away shortly after birth.  A directive in this regard was issued by the Department of Personnel and Training. In accordance to the Ministry of Personnel, Public Grievances and Pensions, the decision was taken.  A baby born at or after week 28 of gestation may be said to have died still. Up to 28 days after delivery may be used to identify the situation for a child dying soon after birth. The time between conception and delivery is known as the gestational period.

States News

Meghalaya CM Conrad K Sangma launched ‘Rural Backyard Piggery Scheme’

Meghalaya Chief Minister Conrad K Sangma has launched the ‘Rural Backyard Piggery Scheme’ to ensure the farmers earn a sustainable livelihood through different livestock farming activities.  The Chief Minister said that the government through different welfare schemes is successfully providing income generation opportunities and economic prosperity to the farmers.  The government has earmarked Rs 15.18 crore under which four high-yielding improved varieties will be distributed to 6000 families.  The Meghalaya Chief Minister informed that additional Rs 25 crore will be earmarked to roll out the second phase of the programme.  To make the state self-sufficient in pork, the government is implementing one of the largest piggery development programmes the 'Meghalaya Piggery Mission'.  Under this mission, zero interest loan is provided for setting up fattening and pig breeding. So far 250 piggery cooperative societies have availed loans amounting to Rs 43.67 crore.

UP: Bhartaul becomes First Village in State to have RO Water in Every Household

Bhartaul has become the first village in Uttar Pradesh to achieve the distinction of supplying RO water to every household. Bhartaul is located in Bithiri Chainpur block of Bareilly.  It has around 7,000 people and every household is provided with clean and safe RO water. The installation of RO has been under the Adarsh Gram Panchayat initiative enabling the Village to get access to clean drinking water.  Till now, four RO plants have been installed in the village and more ROs are underway. These RO plants have been connected to the main supply tanks which helps to provide clean water to every household.

 

INTERNATIONAL

Priti Patel resigns as UK Home Secretary hours after Liz Truss named PM

Britain's Home Secretary Priti Patel on Monday announced she's stepping down from her post, hours after Liz Truss was named the Prime Minister. "I congratulate Liz Truss on being elected our new Leader, and will give her my support as our new Prime Minister," said Patel in her resignation letter. "It's my choice to continue...public service...from the backbenches," said Patel.

Macron urges French to save energy amid EU-Russia tensions

Amid tensions between Russia and the EU over the war in Ukraine, French President Emmanuel Macron has urged the people of his country to adopt energy-saving measures in order to avoid power cuts during winter. Macron on Monday warned that power rationing could be introduced if voluntary efforts don't suffice. He added that "cuts will happen as a last resort".

Ukrainian PM asks EU for more weapons, offers gas supplies

Ukrainian PM Denys Shmyhal on Monday urged the EU to provide Ukraine with more weapons in order to strengthen its capabilities in the ongoing war against Russia. Shmyhal further suggested that Ukraine could supply the gas that the EU needs to reduce its dependence on Russia. Notably, Russia last week indefinitely suspended gas supply to Europe through a key pipeline.

Appointments News

Secretary General Lok Sabha Utpal Kumar Singh gets charge of Sansad TV

Rajya Sabha Chairman and Lok Sabha Speaker jointly decided that Utpal Kumar Singh, currently holding the post of Secretary General Lok Sabha, will additionally charge the functions of CEO Sansad TV. Ravi Capoor has been relieved of his duties as the Chief executive officer (CEO) of Sansad TV. Sansad TV was launched in September 2021 after merging the Lok Sabha TV and Rajya Sabha TV channels.  The 24-hour channel, through its content, showcases the democratic ethos and the functioning of democratic institutions of the country with an aim to target national and international audiences. In February 2021, the decision to merge Lok Sabha TV and Rajya Sabha TV was taken and Ravi Capoor- a retired IAS officer, was appointed as its CEO in March.

Captain B K Tyagi as the new CMD of Shipping Corporation of India

The Appointments Committee of the Cabinet (ACC) has signed off on the proposal to appoint Captain Binesh Kumar Tyagi as the new chairman and managing director of Shipping Corporation of India Ltd (SCI).  The appointment is for five years from the date of assumption of charge of the post, or till the date of his superannuation, or until further orders, whichever is the earliest, according to an office order issued by the Department of Personnel and Training.

BANKING, BUSINESS AND ECONOMY

SEBI gives in-principle approval to Helios Capital for mutual fund business

Securities and Exchange Board of India (SEBI) has given in-principle approval to Helios Capital to launch a mutual fund business. The portfolio management services business, Helios Capital Management PTE Limited, applied for a mutual fund license in February 2021. Founder and Fund Manager Samir Arora announced the approval on Twitter and added that they will focus on performance and service.

India's external debt grew by 8.2% in 2021-22: Finance Ministry

India's external debt grew by 8.2% to $620.70 billion on March 31, 2022, from $573.7 billion a year ago, Union Finance Ministry said. External debt as a ratio to GDP fell marginally to 19.9% at the end of March 2022, it added. Foreign currency reserves as a ratio to external debt stood slightly lower at 97.8% as of March-end 2022.

 

Windfall tax on petroleum products, crude isn't ad hoc: Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said windfall tax on petroleum products and crude is not ad hoc. She said that it's being charged in regular consultation with the industry. The tax rate and its resetting are done in complete consultations with the industry, she said, adding, "The very idea was implemented after taking the industry into full confidence."

 

IndusInd Bank and ADB collaborate to improve financing for supplier chains

IndusInd Bank and ADB collaborate: IndusInd Bank, a private lender, announced a partnership with the Asian Development Bank (ADB) to support and promote supply chain finance (SCF) solutions in India.  With an initial investment of Rs 560 crore, the IndusInd Bank claimed it had signed a partial guarantee programme with Asian Development Bank (ADB) with the sole purpose of pushing SCF solutions in India.  The cooperation of Asian Development Bank (ADB) will support a number of IndusInd Bank activities in this area as it tries to increase its presence in MSME lending.  The IndusInd Bank has started a number of strategic initiatives with SCF as a focal area, including the introduction of new product structures for SCF.  The IndusInd Bank recently debuted earlyCredit, a cutting-edge digital site for SCF, enabling 24-7 seamless processing of SCF transactions for businesses, suppliers, and dealers.

India To Emerge As 3rd Largest Economy Of World By 2029

India is set to become the third largest economy in the world by 2029. A State Bank of India report said India will surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth.  The report said that the country has undergone a large structural shift since 2014 and is now the 5th largest economy overtaking the United Kingdom. The path taken by India since 2014 reveals the country is likely to get the tag of 3rd largest economy in 2029, a movement of 7 places upwards since 2014 when India was ranked 10th, it said.

Unemployment Rate Falls From 7.6 % in April to June this Year: PLFS

The unemployment rate in India for people aged 15 years and above in urban areas declined to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago, the National Statistical Office (NSO) said on 31 August.  In April-June 2021, the joblessness was high in the country mainly due to the staggering impact of Covid-related restrictions. The latest data underlined a decline in unemployment rate amid improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic.

Summits and Conferences News

Dubai hosts the first Homeopathy International Health summit

First Homeopathy International Health summit: The first Homeopathy International Health summit hosted by Dubai aimed to teach and promote a homeopathic system of medicine, medications, and practices.  Burnett Homeopathy Pvt Limited, a company that deals with homeopathic dilutions, mother tincture, lower trituration tablets, unique medicines including drops, syrups, skincare, hair care, and other homeopathic remedies, organised the summit.  Homeopathy is one of the greatest techniques to treat any sickness or ailment because its negative effects are so minimal in comparison to others. The first global homeopathy health summit was also attended by a large number of top doctors from both India and throughout the world.

Awards News

Former US president Barack Obama wins Emmy award for his narration in Netflix documentary

The former President of the United States Barack Obama won Emmy Award for his narration in the Netflix documentary “Our Great National Parks".  Obama already has two Grammys and is now halfway to an EGOT- the achievement of having won all four of the major American entertainment awards i.e. an Emmy, a Grammy, an Oscar, and a Tony.  The five-part Netflix documentary produced by “Higher Ground" productions, Barack and Michelle Obama's production company, features national parks from across the globe.

Sports News

Mastercard replaces Paytm as BCCI's title sponsor for 2022-23 season

Global payments giant Mastercard has replaced Paytm as the title sponsor of the Board of Control for Cricket in India. Mastercard has announced that it has acquired the BCCI's title sponsorship rights for all international (both women and men) and domestic matches for the 2022-23 season. Notably, Paytm held the rights for seven years as the title sponsor of BCCI.

 

Leh in Ladakh all set to Host First-Ever Mountain Bicycle World Cup

Leh is all set to host the first-ever Mountain Bicycle, MTB, World Cup- the 'UCI MTB Eliminator World Cup in India. The 'UCI MTB Eliminator World Cup' will be organized in collaboration with the Administration of Union Territory of Ladakh and the Cycling Association of India.  The Ladakh leg of the Eliminator World Cup is part of ten professional race series held in various cities across the world.  UCI MTB Eliminator World Cup is going to be s short track race with Cross Country Eliminator, XCE, the format of five hundred meters with natural and artificial obstacles.  In this upcoming event, a total of 20 international, 55 national, and local cyclists are going to participate. Since the UCI MTB Eliminator World Cup is going to be held for the first time in India, all cyclists are excited about the event.

Books and Authors News

A book titled ‘Divorce and Democracy: A History of Personal Law in Post-Independence India’ by Saumya Saxena

A new book on divorce laws and various religions in the post-colonial era was released at the India International Centre. The book ‘Divorce and Democracy: A History of Personal Law in Post-Independence India’ talks about family law, religion, and gender politics in India.  The book has written by Saumya Saxena, a British Academy Fellow at the faculty of History, University of Cambridge, the book talks about the Indian state's difficult dialogue with divorce, which reconciles largely through religion.

Important Days

National Teachers' Day 2022: Celebration, Theme, Significance & History

Teachers’ Day or Shikshak Divas marks the birthday of the country’s first Vice President (1952–1962) who went on to become the second President of India (1962-1967), a scholar, philosopher, Bharat Ratna awardee, Dr Sarvapalli Radhakrishnan. He was born on September 5 in the year 1888.  But teachers' day was first observed in the year 1962 on his 77th birthday. He was a teacher who turned out to be a philosopher, scholar and politician. He dedicated his entire life to working towards the importance of education in people's lives.  The theme for this year's teachers' day is ‘Leading in crisis, reimaging the future.'

International Day of Charity observed on 5th September

The International Day of Charity is observed on September 5. On this day, philanthropic and humanitarian efforts of any kind are honoured. September 5 was chosen to celebrate the day because it is Mother Teresa’s death anniversary.  She devoted her life for charity and helping people in need. Her compassion and giving nature had made her a revered figure worldwide. Mother Teresa received the Nobel Peace Prize in 1979 for “work undertaken in the struggle to overcome poverty and distress, which also constitute a threat to peace.”  September 5 was declared as the International Day of Charity, by a resolution adopted by United Nations General Assembly (UNGA), on December 17, 2012. The resolution was co-sponsored by 44 UN member nations.

Obituaries News

Former Tata Sons chairman Cyrus Mistry passes away

Former chairman of Tata Sons, Cyrus Mistry has died in a road accident while en route from Ahmedabad to Mumbai. Mistry was aged 54 years. He was travelling with Jahangir Dinshaw Pandol, Anahita Pandol, and Darius Pandol.  Mistry is survived by his wife Rohiqa and their two sons. Cyrus Pallonji Mistry was an Indian-born Irish businessman. Mistry, who was the sixth chairman of Tata Sons, was ousted from the position in October 2016.  He had taken over as the chairman in December 2012 after Ratan Tata announced his retirement. N Chandrasekaran later took over as Executive Chairman of Tata Sons.

Noted historian B. Sheik Ali passes away recently

Noted historian and first Vice Chancellor of Mangalore and Goa Universities Professor B. Sheik Ali passed away.  He was the general president of the Indian History Congress at its 47th Session in 1986 and the founder president of the South India History Congress in 1985. He is a recipient of the Rajyothsava award and has authored a total of 23 books in English.  He was the recipient of the prestigious Golden Jubilee Award of Mysore University for research in Humanities and Social Sciences, Rajyotsava award for Distinguished Educationist, Mythic Society of India Award for Distinguished Historian, and Maulana Jauhar Award in 2003.

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