IDBI KARNATAKA BANK ECGC IBPS CURRENT AFFAIRS AUG 30 2022

 

CURRENT AFFAIRS SNIPPETS

30th August 2022

 

 

National News

Jayalalithaa death probe panel endorses inquiry against VK Sasikala

The Justice Arumughaswamy-led commission, tasked to look into the death of late CM J Jayalalithaa, has recommended a probe into VK Sasikala and former government officials. The Tamil Nadu cabinet said they would consult legal experts regarding the recommendations. Earlier, AIIMS said that there were no errors in the treatment given to Jayalalithaa before she passed away in December 2016.

 

Delhi Chief Minister Arvind Kejriwal to visit Tamil Nadu on Sept 5

Delhi Chief Minister Arvind Kejriwal will visit Tamil Nadu on September 5 for the launch of three projects in the state, including schools of excellence. Arvind Kejriwal took to Twitter to thank the Tamil Nadu government for inviting him and said that he was elated to join the education revolution in Tamil Nadu. Kejriwal will also launch 15 model schools.

 

In late-night order, HC allows Ganesh Chaturthi celebrations at Hubballi's Eidgah Maidan

The Karnataka High Court on Tuesday upheld authorities' decision to allow Ganesh Chaturthi celebrations at Hubballi's Eidgah Maidan. The HC said that the ground in question is under the Hubballi-Dharwad Municipal Corporation and it is used to carry out regular activities. A bench of Justice Ashok S Kinagi held a late-night hearing and passed the order at 11.30 pm.

 

No Ganesh Chaturthi celebrations at B'luru's Idgah Maidan as SC orders 'status quo'

The Supreme Court (SC) halted the Karnataka High Court and state government's decision to allow Ganesh Chaturthi celebrations at Bengaluru's Idgah Maidan tomorrow. It ordered the maintenance of 'status quo' in the matter. The Karnataka Waqf Board had approached the Supreme Court against Karnataka High Court's decision and said that no such festivals have been held there "for 200 years".

 

India first time refers to ‘militarisation’ of Taiwan Strait by China

India has for the first time referred to what it called “the militarization of the Taiwan Strait”, marking a rare instance of New Delhi appearing to comment on China’s actions towards Taiwan.  The Indian High Commission in Sri Lanka released a statement in which India accused China of "militarizing the Taiwan Strait." The Taiwan Strait is a 180-kilometre wide strait separating the island of Taiwan and continental China (and Asia of course).  The strait is part of the South China Sea and connects to the East China Sea to the north. The narrowest part is 130 km wide. China claims jurisdiction over the Taiwan Strait. Around 20% of global trade passes through this strait.

 

States News

Uttarakhand CM launched ‘CM Udyman Khiladi Unnayan Yojana’

Uttarakhand Chief Minister Pushkar Singh Dhami has launched the “Mukhyamantri Udyaman Khiladi Unnayan Yojana” on the occasion of National Sports Day.  The Chief Minister Sports Development Fund will be established to be given financial benefits to the students according to accelerated rules.  A sports scholarship of Rs 1500 per month will be given to budding sportspersons between the age group of eight to 14 years.  Every year a total of 3900 budding sportspersons will be given scholarships, which will include 1950 boys and 1950 girls.

INTERNATIONAL

 

China's ruling party congress to be held on October 16

The ruling Communist Party of China (CPC) will conduct its twice-a-decade congress starting on October 16, state media announced on Tuesday, as Chinese President Xi Jinping is widely expected to secure a third term in office. The congress will have about 2,300 delegates in attendance. It is likely to go on for a week.

Taiwan shoots at Chinese drone after Prez's "strong countermeasures" order

Taiwanese soldiers fired warning shots at a Chinese drone detected in the vicinity of an offshore islet on Tuesday, the military said. It was the first time when warning shots were fired by Taiwan in such an incident. Earlier in the day, Taiwan's President Tsai Ing-wen said that she had ordered the military to take "strong countermeasures" against Chinese provocations.

 

Agreements News

AAI and Sweden inks an MoU for sustainable aviation Tech 

At the AAI Corporate Headquarters in New Delhi, the LFV Air Navigation Services of Sweden and the Airports Authority of India (AAI) signed a Memorandum of Understanding.  In order to investigate smart aviation solutions, the agreement netween Sweden and Airports Authority of India (AAI) brings together two air navigation service providers, India and Sweden, who have a track record of developing and implementing the newest generation of environmentally friendly aviation technology.

 

.

BANKING, BUSINESS AND ECONOMY

 

Axis Bank looking to acquire 10% stake in Go Digit: Report

Axis Bank is looking to acquire a 10% stake for around $9 million in Go Digit Life Insurance, as per a report. Last week, HDFC Bank in a regulatory filing declared that it was planning to buy a 9.94% stake in Go Digit Life for $9 million. Go Digit Insurance recently filed papers to raise $440 million via an IPO.

 

NPCI and ICICI Bank collaborate to offer RuPay credit cards

In order to launch a variety of credit cards on the domestic payments network RuPay, ICICI Bank established a partnership with National Payments Corporation of India (NPCI).  The ICICI Bank RuPay Credit Card is initially offered in the Coral variant of the Bank's Gemstone series; Rubyx and Sapphiro variants will follow soon.  The contactless card known as the "ICICI Bank Coral RuPay Credit Card" offers a variety of privileges and benefits.

RBI to release"fraud registry" blacklist with details of Scammers

To help it keep repeat offenders out of the banking system, the Reserve Bank of India (RBI) is developing a Fraud Registry blacklist.  According to Executive Director Anil Kumar Sharma, the fraud registry would record data such as IP (internet protocol) addresses and phone numbers frequently used to commit fraud.  Banks would be able to report these details to Reserve Bank of India (RBI) through a mechanism that would be developed. That will assist RBI in stopping these criminals from abusing the financial system to commit fraud after fraud after fraud.

Schemes News

NITI Aayog to establish 500 Atal Tinkering Labs in J&K

Atal Innovation Mission (AIM) and NITI Aayog will be establishing more than 500 Atal Tinkering Labs (ATLs) in Jammu and Kashmir to nurture an innovative mindset among high school students.  ATL is the flagship initiative of the AIM launched by the Centre to nurture an innovative mindset amongst high school students across India. The Atal Tinkering Labs in J&K during which creative students displayed their innovative models and were briefed about the challenges they faced while working on these innovations.  The government has directed School Education Department to promote scientific temper among the students in areas such as machine learning and artificial intelligence by proactively engaging them in various experiments and scientific activities.

Awards News

Miss Diva Universe 2022: Karnataka’s Divita Rai crowned this year

23-year-old Divita Rai from Karnataka won the prestigious title of Miss Diva Universe 2022. She was crowned by the reigning Miss Universe 2021, Harnaaz Sandhu, at a lavish ceremony that celebrated the 10th anniversary of the coveted pageant.  At the 71st Miss Universe pageant, Rai will be representing India, where Harnaaz Sandhu was crowned as the winner last year. Pragnya Ayyagari of Telangana was declared Miss Diva Supranational 2022.

Ranks and Reports News

Beijing Tops, Bengaluru 2nd In Asia-Pacific In Tech Hubs

Bengaluru ranks second in the Asia Pacific region in the top tech hubs list and is only behind China's Beijing, according to a report by Cushman and Wakefield. The report, called ‘Tech Cities: The Global Intersection of Talent and Real Estate’, studied as many as 115 different ‘tech cities’ across the globe.  After Beijing and Bengaluru, the list has three other Indian cities, Chennai, Delhi and Hyderabad. Mumbai and Pune also made it to the top-10 list with eighth and ninth position in a list of 14 cities from the APAC.

India overtakes China and UK to become world's 10th largest life insurer

India has now overtaken China and UK to become the world's 10th largest life insurer.  According to a survey by Brand Finance Insurance 100 2021, a London-based brand valuation consultancy organisation, Life Insurance Corporation (LIC), a state-owned insurance behemoth and life insurer has emerged as the third strongest and tenth most valuable insurance brand globally.  The report states that the combined value of the top 100 insurance brands in the globe decreased by 6% from $462.4 billion in 2020 to $433.0 billion in 2021.  The most recent report tracking the performance of the industry by Benori Knowledge, a cutting-edge provider of custom research and analytics solutions, highlighted the life insurance sector's growth at a CAGR of 11% from 2017-2022 and is projected to grow at a CAGR of 9% in the following five years.

Science and Technology News

L&T Technology wins 5-year deal with BMW Group in infotainment sector

L&T Technology Services, a provider of high-end engineering services, recently announced that European luxury automaker BMW Group had awarded it a five-year, multi-million dollar contract to supply high-end engineering services for its suite of infotainment consoles intended for its family of hybrid vehicles.  According to a statement from the firm, the engineers on the LTTS team will offer services in the areas of software build and integration, infotainment validation, and defect management.

Sports News

 

I can only say cricket won: Kapil Dev on India-Pakistan game at Asia Cup 2022

Commenting on India-Pakistan match at Asia Cup 2022, which India won by five wickets, Kapil Dev said, "I can only say cricket won." He added, "The match was really fantastic. I think both teams played so well...team which wins gets much more joy while those who lose can say that they'll try next time." The match was played on Sunday.

F1 2022: Max Verstappen won Belgian F1 Grand Prix 2022

Red Bull’s driver Max Verstappen has won the Belgian Formula 1 Grand Prix 2022. Red Bull’s Sergio Perez & Ferrari’s Carlos Sainz finished at second and third positions respectively.  Verstappen has now won 9 of this season’s 14 races. It was his 71st podium finish & he collected 26 points from this race. Verstappen won the Belgian GP in 2021 as well.

Viktor Axelsen clinched 2022 BWF World Championships singles title

Denmark’s Viktor Axelsen has clinched his second BWF World Championships men’s singles title after beating Kunlavut Vitidsarn from Thailand in Tokyo, Japan.  World number one Axelsen has lost only one singles match this season and was too much for 21-year-old rising star Vitidsarn, who was blown away in the first game. The win gave Axelsen his sixth title of the season.

Here is the list of winners in different categories:

S.No.	Category	Winner	Runner Up
1	Men’s Singles	Viktor Axelsen	Kunlavut Vitidsarn
2	Women’s Singles	Akane Yamaguchi	Chen Yufei
3	Men’s Doubles	Aaron Chia	Soh Wooi Yik
4	Women’s Doubles	Chen Qingchen	Jia Yifan
5	Mixed Doubles	Zheng Siwei	Huang Yaqiong

England’s James Anderson becomes most successful pacer in international cricket

England’s James Anderson has become the first-ever fast bowler to complete 950 wickets in international cricket. He attained this historic feat on Day 3 of the second Test against South Africa. He broke the record of Australia’s Glenn McGrath (949 wickets).  The most successful bowlers in international cricket are Sri Lankan spin wizard, Muttiah Muralitharan (1,347 wickets), late Aussie spin great Shane Warne (1,001 wickets) and Indian spin great Anil Kumble (956 wickets).

Important Days

National Small Industry Day celebrated on 30th August

In India, the National Small Industry Day is celebrated on 30 August every year, to support and promote small Industries for their overall growth potential and opportunities received for their development in the year.  The day recognises the contribution of small industries to the country’s growth. The day is also an opportunity for the central and state governments to encourage and support small industries. These small businesses offer employment to a large number of people in India.  The central government has kickstarted various initiatives such as the CHAMPIONS portal, UDYAM, and National SC-ST Hub, that contribute to making the MSMEs stronger and more stable.

Miscellaneous News

World’s largest religious monument to open in West Bengal

The largest religious monument in the world, the Temple of Vedic Planetarium in West Bengal, which will serve as the headquarters of the International Society of Krishna Consciousness (ISKCON), will also have the world’s biggest dome. The Vedic Planetarium will offer guests a tour of the various parts of the cosmic creation.  The Temple of Vedic Planetarium is ISKCON founder Srila Prabhupada’s vision and is apparently inspired by the design of the Capitol building in the United States. Srila Prabhupada stated his preference for the temple's exterior style in July of 1976.  The Temple of Vedic Planetarium is in West Bengal's Mayapur in the Nadia district and, once completed, it will be larger than the Taj Mahal and St. Paul's Cathedral in the Vatican.
The temple will open in 2024, following a two-year delay brought on by the COVID-19 pandemic. It will purportedly replace Cambodia's 400-acre-large Angkor Wat temple complex as the largest religious monument.

 

@@@@@