NATIONAL UPDATES:
1.
President Droupadi Murmu nominated Gulam Ali from J&K to Rajya Sabha: Gulam Ali, a Gurjar
Muslim from Jammu and Kashmir, has been nominated to Rajya Sabha by President
Droupadi Murmu on the recommendation of the Central government. In the
notification, the Ministry of Home Affairs (MHA), “In exercise of the powers
conferred by sub-clause (a) of clause (I) of article 80 of the Constitution of
India, read with clause (3) of that article, the President is pleased to
nominate Shri Gulam Ali to the Council of States to fill the vacancy caused due
to the retirement of one of the nominated members.”
This is for the first time a Gurjar Muslim
from the region has been sent to the Rajya Sabha as a nominated member. This is
a significant step assuming that prior to abrogation of Article 370, the
community was literally not recognised and all social benefits to them were
denied.
2.
Uttar Pradesh tops in India, 8462 lakes developed under Mission Amrit Sarovar: Uttar Pradesh
becomes the first state in India to construct 8,642 Amrit Sarovar (Lakes) in
India. Amrit Sarovar is an ambitious mission initiated by Prime Minister
Narendra Modi, which aims to conserve water for the future. Madhya Pradesh is
in the second position, Jammu and Kashmir in third, Rajasthan in fourth, and
Tamil Nadu ranked in the fifth position.
Lakhimpur Kheri, Uttar Pradesh, secured the
first position within the state by constructing 256 Amrit Sarovar. Gorakhpur
secured the second position by constructing 245 lakes, and Pratapgarh secured
the third position by constructing 231 lakes. Key Points:
a)
15,497
Amrit Sarovar was identified in different villages panchayats of which 8,462
Amrit Sarovar have been already developed.
b)
These
Amirt Sarovars are twice the total number of Amrit Sarovar collectively
developed in Madhya Pradesh, Jammu and Kashmir, Rajasthan, and Tamil Nadu.
c)
Uttar
Pradesh is the only state in the country that has developed Amrit Sarovar in
huge numbers.
d)
Further,
1.20 lakh Amrit Sarovar will be developed in the state, which is the maximum in
the country.
3.
Railway Invited Private Players to Build Wheel Plant: Indian Railways
floated tenders for the first time to invite private players to build a wheel
plant. The manufacturing and transport of wheels for the rakes were halted due
to the Russia-Ukraine war. This initiative by the Indian Railways will make
India self-reliant as well as draws a blueprint to become an exporter of
wheels. The plant aims to manufacture at least 80,000 wheels every year for the
Super-Fast Vande Bharat Express Trains in India. Key Points:
a)
The
plant aims to enable the production of 80000 wheels a year.
b)
The
Steel Authority of India (SAIL) is supplying one lakh wheels and the rest of
the wheels will be produced by the new plant.
c)
On
15th August 2021, Prime Minister Narendra Modi announced the vision of having
75 ‘Vande Bharat’ trains that will connect different parts of the country in 75
weeks to mark the Azadi ka Amrit Mahotsav.
d)
Till
now, there are three Vande Bharat Trains in India, two are on track and the
third one has recently completed trail runs.
e)
Ukraine
was one of the largest producers of wheels in the world, and due to the
Russian-Ukraine wars, the production of wheels was stopped.
f)
The
government will award the tender once the basic ability of the company to
export wheels is determined.
4.
Railroads to launch new version of the Vande Bharat 2 high-speed train: The Indian
Railways will launch the new Vande Bharat Express, a high-speed train in its
ongoing effort to provide passengers with the best amenities. According to the
ministry, Vande Bharat 2 will have further improvements and developments,
including a faster 0 to 100 Kmph time of just 52 seconds, a top speed of 180
Kmph, a lighter weight of 392 tonnes, and WI-FI content that is available when
needed. Key Points:
a)
Additionally,
the new Vande Bharat will sport 32-inch LCD TVs, up from the previous model’s
24 inch size.
b)
Travel
will be more comfortable thanks to 15% more energy-efficient air conditioners
and traction motor cooling by clean, dust-free air.
c)
According
to the Ministry of Railways, a photo-catalytic ultra violet air purification
technology is installed in the roof-mounted Roof Mounted Package Unit (RMPU)
for air purification in the new Vande Bharat Express.
d)
All
passenger classes will now have access to the side recliner seat feature that
is currently only offered to Executive Class guests.
e)
This
system is built and placed in both ends of the RMPU per the advice of Central
Scientific Instruments Organisation (CSIO), Chandigarh, to filter and clean the
air free from pathogens, bacteria, viruses, etc. coming through fresh air and
return air.
5.
Senior Advocate Mukul Rohatgi to be next Attorney General for India: Senior Advocate
Mukul Rohatgi is set to be appointed the 14th Attorney General for India again
after KK Venugopal vacates the post. This will be Rohatgi’s second time as AG,
after his first stint between June 2014 and June 2017. At the end of June this
year, AG Venugopal’s tenure was extended for a period of three months or “until
further orders”. This extension is set to expire on September 30. Rohtagi will
take the seat of the country’s top law officer from 1st October.
INTERNATIONAL UPDATES:
1.
Norwegian central bank develops National digital currency using Ethereum: Norges Bank,
Norway’s central bank, made a significant advancement in its efforts to develop
a digital currency by publishing the open source code for the nation’s central
bank digital currency (CBDC) sandbox based on Ethereum technology. This
development was made possible by the ongoing mainstream adoption of
cryptographic technology. Key Points:
a)
CBDCs
are a type of electronic fiat money backed by the central bank. Although they
are not required to be, CBDCs can be built on blockchain networks. However, the
CBDC in Norway is built on Ethereum.
b)
The
sandbox is made to provide a way to communicate with the test network.
c)
The
Bank’s official CBDC partner, Nahmii, stated in a blog post that it has also
enabled features including minting, burning, and transferring ERC-20 tokens.
d)
The
Ethereum wallet Metamask is not supported by the open source code as of right
now.
e)
The
sandbox has a unique interface and network monitoring programmes like
BlockScout and Grafana.
2.
World Patient Safety Day: 17th September: World Patient Safety Day is observed
every year on 17 September to create awareness about different safety measures
that should be taken to ensure patient safety. The day focuses on preventing
and reducing risks, errors, and harm that patients face. The main objective of
World Patient Safety Day is to increase public awareness, enhance global
understanding and call for solidarity and united action by all countries and
international partners to increase patient safety and reduce patient harm. This
year, the theme of World Patient Safety Day 2022 is ‘Medication Safety’ along
with the slogan ‘Medication Without Harm’ with a call to action to ‘Know, Check
& Ask’.
World Patient Safety Day History: September 17 is
one of the World Health Organization’s (WHO) global public health days called
World Patient Safety Day. It was established in 2019 by the 72nd World Health
Assembly through the adoption of resolution WHA 72.6 – ‘Global Action on
Patient Safety ‘.
OTHER UPDATES:
SPORTS
1.
Alireza Firouzja wins Sinquefield Cup & the Grand Chess Tour: Iranian-French
chess grandmaster, Alireza Firouzja beat Ian Nepomniachtchi in play-offs to win
the ninth edition of the Sinquefield Cup. Firouzja also grabbed an extra
$100,000 for winning this year’s Grand Chess Tour. Wesley So and Maxime
Vachier-Lagrave came in second and third place, respectively. The fifth leg of
the Grand Chess Tour, the Sinquefield Cup was held in Saint Louis, Missouri,
US. The Sinquefield Cup is an annual, invite-only chess tournament in St.
Louis, Missouri, United States, honouring Rex Sinquefield and his wife Jeanne,
the founders of the Saint Louis Chess Club. Since 2015, the Sinquefield Cup has
been a part of the Grand Chess Tour.
BANKING AND FINANCE
1.
Bonds help the Bank of Maharashtra raise $710 million: The
government-owned Bank of Maharashtra (BoM) reported raising Rs 710 crore
through bonds to finance company expansion. According to a statement from the
bank, the money was raised through Basel III compliant Additional Tier 1 (AT1)
bonds for Rs 710 crore (including Rs 610 crore for the green shoe option) at a
coupon rate of 8.74 percent.
When compared to the base issue size of Rs
100 crore, the issue received a ten-fold increase in subscription from
investors. The bank’s business growth will be supported by the money raised
through the AT1 bonds. The AT1 instrument has a five-year call option and is
eternal in nature.
Note: Chairman and Managing Director, Bank
of Maharashtra: Shri. S. Muhnot
2.
American Express Banking Corp India named Sanjay Khanna as new CEO: American Express
Banking Corp India has appointed Sanjay Khanna as its chief executive officer
(CEO) and country manager. At present, Khanna heads the country executive team
and is responsible for driving growth across the organisation’s consumer and
commercial businesses. In his new role, Khanna will be leading several business
development initiatives for American Express, while steering collaboration
across its diverse businesses in India, adding his position will be key to
strengthening the company’s strategic focus in the country.
BUSINESS AND ECONOMY
1.
Per Capita Government Spending on Healthcare Increases by 74% since 2013-14: The per capita
government spending on healthcare has increased by 74 per cent since 2013-14.
As per National Health Accounts Estimates India 2018-19, the per capita
government spending in 2013-14 was one thousand forty-two rupees, which has
increased to one thousand eight hundred and fifteen rupees. It said,
government’s share in the overall spending on health in the country is
increasing steadily. The government’s share in current health expenditure has
increased from 23.2 per cent in 2013-14 to 34.5 per cent in 2018-19.
2.
RBI Sells $13 billion in August to Hold Rupee at 80: India’s foreign
exchange reserves slumped by over $2 billion in the week ending August 12, as
the Reserve Bank of India intervened to shore up the rupee and keep the
currency below 80 per dollar. That is an effort the Indian central bank has
said was essential, and it would do whatever it takes to maintain the rupee’s
stability, limiting any wild swings despite extremely volatile currency
markets. The RBI’s weekly statistical supplement data showed that the country’s
forex reserves slumped to $570.74 billion in the week ending August 12, down by
$2.238 billion from $572.978 billion in the previous week. The magnitude of
that fall in the latest week was the largest in a month, and the country’s
import cover dipped for the second week.
3.
Retail Inflation resurges to 7% As Food Prices Increases: Price pressures
returned to the Indian economy in August, with retail inflation quickening to
7% after cooling to a five-month low in July. The increase, led by food prices,
makes it the eighth month that retail inflation has stayed above the central
bank’s upper tolerance limit of 6%, strengthening the case for continued
monetary tightening.
Inflation so For: Retail inflation
in July had cooled to 6.7%, and a poll of 22 economists estimated August
inflation at 6.9%. The Reserve Bank of India has projected Consumer Price Index
(CPI) based inflation for 2022-23 at 6.7%. Inflation is expected to remain
elevated over the next couple of months due to last year’s low base, even as
easing energy and commodity prices globally would help cool inflationary
pressures. RBI’s monetary policy committee (MPC) raised the repo rate by 50
basis points for the third time in a row in August, taking the policy rate to pre-pandemic
levels of 5.4%. The MPC meets again from 28 to 30 September.
AWARDS AND HONOURS
1.
74th Primetime Emmy Awards 2022: The 74th Primetime Emmy Awards were held,
to mark some remarkable American television performances until mid-2022.
Overall, there are 40-plus categories, where writers, actors, directors and
editors were awarded for their remarkable work from June 1, 2021 to May 31,
2022. The 74th annual Emmy Awards hosted by Kenan Thompson at the Microsoft
Theater in Los Angeles.
74th Emmy Awards 2022: List of
winners
Outstanding lead actress in a comedy
series: Jean Smart- Hacks
Outstanding lead actor in a comedy series:
Jason Sudeikis- Ted Lasso
Outstanding comedy series: Ted Lasso
Outstanding lead actor in a limited or
anthology series or a movie: Michael Keaton- Dopesick
Outstanding lead actress in a limited or
anthology series or a movie: Amanda Seyfried- The Dropout
Outstanding limited or anthology series:
The White Lotus
Outstanding lead actress in a drama series:
Zendaya- Euphoria
Outstanding lead actor in a drama series:
Lee Jung-jae- Squid Game
Outstanding drama series: Succession
Supporting actor in a comedy series: Brett
Goldstein- Ted Lasso
Supporting actress in a comedy series:
Sheryl Lee Ralph- Abbott Elementary
Guest actor in a drama series: Colman
Domingo- Euphoria
Guest actress in a drama series: Lee
You-mi- Squid Game
Supporting actor in a drama series: Matthew
Macfadyen- Succession
Supporting actress in a drama series: Julia
Garner- Ozark
Supporting actor in a limited series or TV
movie: Murray Bartlett- The White Lotus
Supporting actress in a limited series or
TV movie: Jennifer Coolidge- The White Lotus
Television movie: Chip ‘n’ Dale: Rescue
Rangers
Guest actor in a comedy series: Nathan
Lane- Only Murders in the Building
Guest actress in a comedy series: Laurie
Metcalf- Hacks
Outstanding competition program: Lizzo’s
Watch Out for the Big Grrrls
Structured reality program: Queer Eye
Unstructured reality program: Love on the
Spectrum
Host for a reality or competition program: RuPaul-
RuPaul’s Drag Race
Short form comedy, drama or variety series:
Carpool Karaoke: The Series
Short form nonfiction or reality series:
Full Frontal With Samantha Bee Presents: Once Upon A Time In Late Night
Documentary or nonfiction special: George
Carlin’s American Dream
Documentary or nonfiction series: The
Beatles: Get Back
Actor in a short form comedy or drama
series: Tim Robinson- I Think You Should Leave With Tim Robinson
Actress in a short form comedy or drama
series: Patricia Clarkson- State of the Union
Outstanding directing for a comedy series:
Ted Lasso- MJ Delaney
Outstanding directing for a drama series:
Squid Game- Hwang Dong-hyuk
Outstanding directing for a limited or
anthology series or movie: The White Lotus- Mike White
Outstanding directing for a variety series:
A Black Lady Sketch Show- Bridget Stokes
Outstanding directing for a variety of
special: Adele: One Night Only- Paul Dugdale
Outstanding Directing for a
documentary/nonfiction program: The Beatles: Get Back- Peter Jackson
Outstanding Directing for a reality program: Lizzo’s Watch Out For The Big Grrrls- Nneka Onuorah
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