KARNATAKA ECGC CURRENT AFFAIRS SNIPPETS AUGUST 10 2022

 

 

CURRENT AFFAIRS SNIPPETS

10th August 2022

 

National News

Justice Uday Umesh Lalit appointed 49th Chief Justice of India

President Droupadi Murmu has appointed Justice Uday Umesh Lalit as the 49th Chief Justice of India (CJI), accepting the recommendation made by the outgoing CJI NV Ramana. The 48th Chief Justice of India, Ramana, will retire on August 26. Justice Lalit was appointed judge at the Supreme Court in 2014. He had enrolled as an advocate in June 1983.

Agniveer recruitment for female candidates in Bengaluru from Nov 1

The Agniveer recruitment rally for military police under general duty category for female candidates will be held in Bengaluru from November 1 to 3. Candidates from Karnataka, Kerala and the Union Territory of Lakshadweep and Mahe can take part in it. Online registration for the recruitment rally can be done on http://www.joinindianarmy.nic.in from August 10 to September 7.

UP govt to provide free bus travel for women aged above 60: CM

Uttar Pradesh CM Yogi Adityanath on Wednesday said that the state government is considering to provide free bus travel for women aged above 60 on state-run buses. He made the statement at an event organised to flag off 150 new diesel buses. "We are providing free bus service for women from [Wednesday-Friday] on the occasion of Raksha Bandhan," he said.

 

 

'Radio Jaighosh' launched by CM Yogi on Kakori Train Action anniversary 

As part of the celebrations for Azadi Ka Amrit Mahotsav, Uttar Pradesh Chief Minister Yogi Adityanath debuted "Radio Jaighosh" to commemorate the anniversary of the Kakori Train Action.  To promote performing arts, regional specialties from Uttar Pradesh, folk art, and gallantry award recipients, the state's Department of Culture is developing a community radio station and also the "Radio Jaighosh" is a part of it.  The daily radio programmes "Parakram" and "Shaurya Nagar" will feature folktales from all 75 of the state's districts and feature valiant troops from both the pre- and post-Independence eras as well as unsung heroes on the "Radio Jaighosh".

 

 

PM Modi to dedicate 2G ethanol plant in Panipat to nation 

Prime Minister Narendra Modi will dedicate to the nation via video conferencing a second generation (2G) ethanol plant built at an estimated cost of Rs 900 crore in Haryana's Panipat.  The dedication of the plant is part of a long series of steps taken by the government over the years to boost the production and usage of biofuels in the country.  This is in line with the prime minister's constant endeavour to transform the energy sector to make it more affordable, accessible, efficient and sustainable.

Maharashtra Governor Inaugurates The 22nd ‘Bharat Rang Mahotsav’ 

Maharashtra Governor Bhagat Singh Koshyari inaugurated the 22nd ‘Bharat Rang Mahotsav’ at Rabindra Natya Mandir in Mumbai.  The five-day drama festival (being held from August 9 to August 13, 2022) is being jointly organised by the Union Ministry of Culture and P.L. Deshpande Maharashtra Kala Akademi in the city to pay tribute to our freedom fighters.  In Mumbai, the Bharat Rang Mahotsav programmes will be held from 9 to 13 August 2022, jointly organised by Ministry of Cultural Affairs and P.L. Deshpande Maharashtra Kala Akademi.

International News

 

US inflation falls to 8.5%, drops for the first time since April

Amid the falling gas prices, the US' consumer price index rose 8.5% year-over-year in July, according to US' government data. It is down from a 9.1% annual rise in June, which was a 40-year high. Further, it has fallen for the first time since April. On a monthly basis, consumer prices were unchanged, compared to a 1.3% rise in June.

China 'firmly opposes' new US law on processor chips

China on Wednesday said it "firmly opposes" a recently signed US law which encourages domestic producers of processor chips to reduce dependence on Asian suppliers. This week, US President Joe Biden promised $52 billion in grants to investors in chip factories in the US. China said this will "disrupt international trade and distort global semiconductor supply chains".

 

Marape reinstated as PM of Papua New Guinea by new legislature 

Following elections in the South Pacific island nation of Papua New Guinea, the parliament has reinstated Prime Minister James Marape.  According to the media and election authorities, Marape was re-sworn in as prime minister after lawmakers in the new parliament elected Marape without opposition.  The general election in Papua New Guinea took place between July 4 and July 22, although voting and vote counting were postponed due to unusual conditions, such as security concerns, attacks on ballot boxes, and logistical difficulties, according to the electoral commission.

BANKING, BUSINESS AND ECONOMY

India could be Asia's strongest economy in 2022-23: Morgan Stanley

India could emerge as Asia's strongest economy in 2022-2023 with an expected average growth of 7%, Morgan Stanley economists said. The brokerage expects the country to contribute 28% and 22% to Asian and global growth, respectively. Buoyed by business investments, economic policy reforms and a young workforce, India is in a good position to generate robust domestic demand, it said

Govt removes fare caps on tickets of domestic flights from August 31

Government has decided to remove fare caps on tickets of domestic airlines from August 31. The airfare caps were imposed on domestic airlines in 2020 during the coronavirus pandemic. "The decision to remove air fare caps has been taken after careful analysis of daily demand and prices of air turbine fuel," tweeted Union Minister for Civil Aviation Jyotiraditya Scindia.

 

RBI releases first set of guidelines for digital lending

The RBI on Wednesday released the first set of guidelines for digital lending. The regulatory framework is based on the principle that lending business can be carried out only by entities that are either regulated by RBI or are permitted to do so under any law. Among the guidelines, RBI classified all digital lenders into three categories

 

 

 

SBI Formalises Policy To Finance Makers Of Lab-grown Diamonds 

State of Bank of India (SBI) is the first Indian lender to frame a policy to fund makers of lab-grown diamonds which come across as replicas of the natural stones, but are often looked at with suspicion by high-street banks and scoffed at by many traditional diamantaires.  Reflecting the slow shift in the diamond trade, the decision by the country’s largest bank comes amid some of the jewellers putting up factories in Surat to produce synthetic diamonds.

RBI authorises HR subsidiary of SBI to manage cost-effectively 

The Reserve Bank of India preliminary approved the operations and support subsidiary of State Bank of India (SBI).  The subsidiary will likely be staffed by a group of employees who will be hired by the arm on a contract basis and will initially focus on managing branches in rural and semi-urban areas.  Recruits made by State Bank Operations Support Services may not be qualified for the benefits, according to sources.

Awards News

Prof Ramadhar Singh becomes 1st Indian Social Psychologist on US Heritage Wall of Fame 

Ahmedabad University Professor, Ramadhar Singh becomes the first Indian Social Psychologist on the US Heritage Wall of Fame of the Society for Personality and Social Psychology (SPSP) in the United States. He is currently a professor at the Amrut Mody School of Management, Ahmedabad University.  This recognition comes close on the heels of the College of Health and Human Sciences, Purdue University, conferring him with the Distinguished Alumni Award in Psychological Sciences (March 25, 2022). Professor Singh has been a member of the society (1990) and then fellow (1992).

Books and Authors News

Union Minister Dr Jitendra Singh releases book 'Rusty Skies & Golden Winds' 

Union Minister of State (IC) of the Ministry of Science and Technology, Dr. Jitendra Singh, launched a poetry book titled ‘Rusty Skies and Golden Winds’ written by 11 years old Sannidhya Sharma, student of class 7th, here at Jammu. The book is published by Blue-Rose Publishers.  The Union Minister lauded the efforts of the little author in crystallising his thoughts in the shape of a collection of his poems and his rare achievement at this tender age and wished him a bright future.  The 100 book page is an anthology of 40 poems in which the budding author defines the nature of the world, at the moment. He lets himself be carried away by the unknown force and eyes the blood on the paper bravely.

ZSI published a new book on more than 1000 bird species 

The Zoological Survey of India (ZSI) covered about 1,331 different bird species that can be found in India in a field guide that was written by ZSI.  According to ZSI director Dhriti Banerjee, Unlike prior books that mostly used drawings, it emphasises high-quality images of birds. The identification of each species is essential for accurate documentation.  The book's authors interacted with local birders and gave them an explanation of why they decided to create this book.  The ceremony took place in the auditorium of the Zoological Survey of India in Kolkata, while ZSI and the Bombay Natural History Society (BNHS) will organise the programme in Mumbai.

Sports News

Prabath Jayasuriya and Emma Lamb bags ICC Player of the Month for July 2022

The International Cricket Council (ICC) has announced Sri Lankan spin sensation Prabath Jayasuriya and England batting all-rounder Emma Lamb as the winners of its Player of the Month awards for July 2022.  Prabath Jayasuriya claims the ICC Men’s Player of the Month award on the back of an outstanding series of displays with the ball, where his remarkable haul of wickets sees him crowned ahead of rival contenders England’s Jonny Bairstow.  Emma Lamb was voted the ICC Women’s Player of the Month for July following her thrilling start to life opening the batting in England’s victorious ODI series victory over South Africa.

Tennis legend Serena Williams Announces Her Retirement From Tennis 

Tennis legend from the United States, Serena Williams has announced her retirement. Williams focused on her family in the announcement, writing that her nearly five-year-old daughter wants to be an older sister.  Williams is married to Reddit founder Alexis Ohanian.  Williams, who turns 41 next month, has 73 career singles titles, 23 career doubles titles and over $94 million in career winnings.

CWG 2022: Nikhat Zareen and Sharath Kamal India's flagbearers at the closing ceremony 

Indian Olympic Association (IOA) announced table tennis player Achanta Sharath Kamal and Boxer Nikhat Zareen as the Flagbearers of India for the closing ceremony of the Commonwealth Games 2022 at Birmingham.  Achanta Sharath Kamal won gold in Commonwealth Games 2022 at Birmingham by defeating Liam Pitchford in the finals and Nikhat Zareen also won gold by defeating Mc Naul in the finals of the boxing light flyweight event under the 50kg category at Commonwealth Games 2022.

Important Days

World Biofuel Day observed globally on 10 August 

World Biofuel Day is commemorated on 10 August every year to raise awareness about the use of non-fossil fuels as an alternative to conventional fossil fuels.  During this day, the government and private organisations come together to spread awareness about the importance of non-fossil fuels as a different source of energy.  August 10 was chosen as World Biofuel Day since it was on this date in 1893 that German inventor Sir Rudolf Diesel successfully ran his diesel engine on peanut oil.  This was a path-breaking discovery as it created a safer, renewable and sustainable alternative to fossil fuels.

World Lion Day observed globally on 10th August 

World Lion Day is observed globally on 10th August. The day aims to spread awareness of lions and the urgent need to strive toward their conservation.  Lions are silently in danger of going extinct worldwide. Lions supposedly wandered amiably through Africa, Asia, Europe, and the Middle East some three million years ago.  In 2013, the first World Lion Day was observed. Dereck and Beverly Joubert, from the Big Cat Initiative and National Geographic, founded it.

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NEWS IN BRIEF

·        American Express,  a Small Business Card issuer in the US has launched a cross-border payment solution Global Pay, that will let U.S. businesses make secure domestic and international B2B (Business to Business) payments.

·        HDFC Bank raised $300 million in Non-Resident External (NRE) deposits, offering up to 50 basis points higher than the current rates.

·        Dhanlaxmi Bank Limited has agreed with its first fintech partner, New Street Technologies Private Limited, for Micro Lending, Operations Management, and Technology Services under priority sector lending.

·        Indian Bank has collaborated with Hatchlab Research Centre, Technology Business Incubator (TBI) of SRM University-Andhra Pradesh to launch ‘IND SpringBoard’, an initiative for financing start-ups and Micro, Small & Medium Enterprises (MSMEs).