Daily GK Update- 30th Aug, 2022

 

 

NATIONAL UPDATES:

 

1.    Gautam Adani Becomes Third Richest Person in the World :According to the Bloomberg Billionaires Index, Chairman of Adani Group, Gautam Adani has now become the world’s third-richest person with a total net worth of USD 137.4 billion. He has overtaken Louis Vuitton chairman, Bernard Arnault (France).

Reliance chief, Mukesh Ambani is now at 11 with a total USD 91.9 billion worth. This is the first time, an Asian person has been listed in the top three of the Bloomberg Billionaires Index. Top 2: (1) Elon Musk (2) Jeff Bezos

 

2.    Indian city, Bengaluru ranked second in Asia-Pacific in Tech Hubs :According to a report by Cushman and Wakefield, China’s Beijing has been topped tech hubs list, followed by Bengaluru. Report title: ‘Tech Cities: The Global Intersection of Talent and Real Estate’. The list followed by Chennai, Delhi and Hyderabad. Mumbai and Pune also made it to the top-10 list with eighth and ninth position in a

list. Bengaluru leads India with 2,30,813 tech job creation, followed by Chennai with 1,12,781, Hyderabad (1,03,032) and Delhi (89,996 jobs).

 

3.    50th All Manipur Shumang Leela Festival 2021-2022 started in Imphal :The 50th edition of All Manipur Shumang Leela Festival 2021-2022 has been started at Iboyaima Shumang Leela Shanglen in Imphal, Manipur. The inaugural function was attended by Manipur Governor, La Ganesan and CM N. Biren Singh. Shumang Leela:

It is a traditional form of theatre in Manipur. The roles of female artists are all played by male actors and male characters are played by female artists in case of female theatre groups.

 

4.     Tata Steel, Punjab Govt ink pact to set up steel plant in Ludhiana:Tata Steel has signed an MoU with Punjab government for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF). This initiative will help to set up the greenfield facility at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab. This step is aligned to the company’s goal of achieving Net Zero carbon emission by 2045. This steel plant would produce construction grade steel rebar under the Company’s flagship retail brand ‘Tata Tiscon’.

 

 

 

 

INTERNATIONAL UPDATES:

 

1.    President Droupadi Murmu meets with Queen Máxima of Netherlands : President of India, Droupadi Murmu has met with the Queen Máxima of the Netherlands at Rashtrapati Bhavan to discuss the various aspects to strengthen the bilateral relation between India and the Netherlands. Queen Máxima of Netherland is on a three day visit to India (29-31 August 2022). During their discussion, both leaders discussed the universal financial inclusion initiatives. Netherland's Capital: Amsterdam; Currency: Euro

 

 

OTHER UPDATES:

SPORTS

 

1.    Max Verstappen wins Belgian F1 Grand Prix 2022 :Red Bull racing driver, Max Verstappen has clinched the F1 Belgian Grand Prix 2022. Sergio Perez (Red Bull's driver) and Carlos Sainz (Ferrari's driver) have finished at second and third positions respectively.

Max Verstappen has won 9 races out of 14 races of this season. George Russell (Mercedes driver) has finished at fourth in the  F1 Belgian Grand Prix 2022. Previous winners: Canadian GP'22; Azerbaijan GP'22;  Miami GP'22: Max Verstappen (Netherlands).

 

2.    IIT Madras, IIS- Karnataka partner to develop boxing analytics software : IIT Madras researchers have joined hands with Inspire Institute of Sports, Karnataka to develop an advanced boxing analytics platform named Smartboxer.

Aim: To increase India’s boxing medal tally at the 2024 Olympics.This multi version software is being developed by the Center of Excellence for Sports Science and Analytics at IIT Madras.

Feature: Provide feedback and performance assessments using Internet of Things (IoT)-enabled wearable sensors and video cameras.

 

 

BANKING AND FINANCE

1.    Irdai eases firm registration process from 8 to 2 months :IRDAI Chairman, Debasish Panda has announced that IRDAI has been eased the registration process of new companies by reducing the time taken to process new applications from 8 to 2 months. The regulator has created a facilitation cell consisting of two officers for handholding the applicants so that the entity gets its approval to start its operations. According to Irdai data, the insurance penetration in the country is at 4.2% as of 2021, which is higher than China.

 

2.     PGIM India Mutual Fund launches Money And Me website:PGIM India Mutual Fund has launched a new investor education and awareness. This website contains exhaustive content on various aspects of personal finance including household budgeting, protection, savings and investing. The company also launched of a consumer awareness campaign – 'Aapka HappinessPlanned' to promote the MoneyAndMe Initiative. Aim: To help investors dealing with various financial challenges.

 

3.    ICICI Bank partners NPCI to launch RuPay credit cards:ICICI Bank has announced its partnership with National Payments Corporation of India (NPCI) to launch a range of credit cards on payments network RuPay. The ICICI Bank RuPay Credit Card is presently available in the Coral variant of the Bank’s Gemstone series. This will be soon followed by Rubyx and Sapphiro variants. It is a contactless card that comes with a slew of perks and benefits. NPCI was established in 2008 for operating retail payments and settlement systems.

 

 

BUSINESS AND ECONOMY

1.     Reliance Industries to infuse ₹2 lakh cr in Jio 5G :Reliance Industries (RIL) chairman, Mukesh Ambani has announced to invest a whopping ₹2 lakh crore to build its Pan-India true 5G network. The Reliance Jio Infocomm has prepared an ambitious and fastest ever 5G rollout plan for the country. Jio plans to roll out Jio 5G by this Diwali 2022 in metropolises of Delhi, Mumbai, Kolkata, and Chennai. He also announced that Reliance will launch the Nita Mukesh Ambani Junior School. Jio Chairman: Akash Ambani; MD: Sandip Das

 

 

2.     J&K LG, Manoj Sinha inaugurates 8th India International MSME Start-up Expo :Lieutenant Governor of Jammu & Kashmir, Manoj Sinha has inaugurated the 8th India International MSME Start-up Expo & Summit at New Delhi. This Expo provides a platform to SMEs, startups, trade, industry, service providers to explore new opportunities for buyers and sellers, and exchange information about federal, state, and local programmes. J&K has one of the fastest growing horticulture markets in the country. SME Minister: Narayan Rane

 

OBITUARIES

1.    Eminent economist, Abhijit Sen passes away:Renowned economist and former Planning Commission member, Abhijit Sen has been passed away at 72 due to heart attack. In his career, he taught economics at Jawaharlal Nehru University, New Delhi and hold several important government positions including the chair of the Commission of Agricultural Cost and Prices. He was a member of Planning Commission from 2004 to 2014,  during the tenure of PM Manmohan Singh. He was awarded the Padma Bhushan for public service in 2010.