Daily GK Update- 15th Aug, 2022

 

NATIONAL UPDATES:

 

1. Nation celebrates 76th Independence Day on 15th August 2022: This year India is celebrating 76th Independence Day on 15th August 2022 to mark the country’s freedom from nearly two centuries of British colonial rule. Prime Minister Narendra Modi is leading the celebrations from Red Fort in New Delhi and is addressing the nation from Red Fort in New Delhi. This is his ninth address as the prime minister. To celebrate the 75 years of Independence the Government of India has started an initiative called “Azadi Ka Amrit Mahotsav”.

On March 12, 2021, Prime Minister Narendra Modi has launched the “Azadi Ka Amrit Mahotsav” to celebrate and commemorate 75 years of independence that started a 75-week countdown to our anniversary of independence. This means that India will celebrate its 76th Independence Day on August 15, 2022, and mark the end of its 75 years of freedom.

Independence Day honours the sacrifices of our courageous leaders and freedom fighters, who gave their all for the sake of the nation and the countrymen. This day serves us the perfect opportunity to travel back in time and reflect on the history and significance of this date.

Some Interesting points:

a)      Five other countries celebrate their independence on August 15 along with India. They are Bahrain, North Korea, South Korea and Liechtenstein.

b)      Even after India’s independence, Goa was still a Portuguese colony. It was annexed to India by the Indian Army only in 1961. Thus, Goa was the last state to join the Indian territory.

c)       While India gained independence from British rule on 15th August 1947, there were certain regions which still remained under European control. The French had control over Puducherry. The French transferred the territories under its control to India on 1st of November 1954.

 

2. World’s Highest Chenab Railway Bridge Inaugurated: The golden joint of the world’s highest railway bridge over River Chenab was inaugurated. For the first time ever since independence, Srinagar will be linked to the rest of India after the overarch deck on the world’s highest single-arch railway bridge over River Chenab. The bridge will be 35 meters higher than the Eiffel Tower.

About Chenab River: The Chenab is formed by the confluence of two streams, Chandra and Bhaga, in the western (Punjab) Himalayas in India’s Himachal Pradesh state. It flows west through Jammu and Kashmir union territory—the Indian-administered portion of the disputed Kashmir region)—between the steep cliffs of the Shiwalik Range (south) and the Lesser Himalayas (north). After receiving the Jhelum River near Trimmu, the Chenab empties into the Sutlej River, a tributary of the Indus River.

 

3. Arunachal’s 3rd Airport Named ‘Donyi Polo Airport’: The third airport in Arunachal Pradesh, which is now under construction in Itanagar, the state capital, has been given the name “Donyi Polo Airport” by the Arunachal Pradesh administration. According to a representative of the Chief Minister’s Office, the state cabinet adopted “Donyi Polo Airport” as the name of the airport at its meeting. Pema Khandu, the chief minister of Arunachal Pradesh, presided over the gathering.

The name of the only airport in the capital city, according to the official, would represent the long-standing customs and rich cultural legacy of the tribally dominant state and would also reflect the long-standing indigenous respect for the Sun (Donyi) and the Moon (Polo) among the populace. The Airport Authority of India has undertaken a Rs 650 crore project to develop the airport to boost air connectivity in the mountainous areas.

The “Donyi Polo Airport” in Itanagar would be Arunachal Pradesh`s third airport after Pasighat and Tezu airports and northeast India`s 16th airport.

 

4. Kolkata to Host 23rd Edition of India International Seafood Show (IISS): Marine Products Export Development Authority (MPEDA) in association with the Seafood Exporters’ Association of India (SEAI) will hold the 23rd edition of India International Seafood Show (IISS) in Kolkata, the City of Joy from February 15 to 7 next year.

Marine Exports From India: During 2021-22, India exported 13,69,264 tonnes of marine products worth US$ 7.76 billion, registering an all-time high export by value, while production of shrimp crossed one million MT. With a multipronged strategy, addressing capture fisheries and aquaculture, the export turnover is likely to achieve US$ 15 billion in next five years. Sustainable fishing methods, value addition and increased aquaculture production through diversification are expected to support the ambitious target set for export.

 

5. Pramod Kumar appointed as CFO of Power Grid Corporation: Power Grid Corporation of India Limited has appointed Pramod Kumar as Chief Financial Officer (CFO) of the company. Before his appointment to the new position, Kumar served as Executive Director (Finance) of Power Grid Corporation.

Power Grid was founded in 1989 and is headquartered in Gurgaon. It is engaged mainly in the transmission of bulk power across different states of India.

 

INTERNATIONAL UPDATES:

 

1. William Ruto is declared Kenya’s next president: Kenyan Deputy President, William Ruto is now the country’s president-elect after he was declared the winner of the last presidential election over five-time contender Raila Odinga. Before Wafula Chebukati, the chair of Kenya’s electoral commission could announce Ruto’s victory. Ruto received 50.49% of the vote, the chairman said, while Odinga received 48.85%.

Ruto, who has promised a break from the “dynasties” that have dominated Kenyan politics since independence, projected a conciliatory tone in his acceptance speech, urging unity. Kenya is a model of democracy in East Africa, a region where authoritarianism has been ascendant. These elections had been hailed as a step forward for Kenyan democracy because the campaign was marked by political maturity. Politicians focused on economic issues, instead of the tribal mobilization that has been a feature of every Kenyan election since independence.

Note: Kenya Capital: Nairobi; Kenya Currency: Shilling.

 

OTHER UPDATES:

 

SPORTS

 

1. FIFA suspends All India Football Federation (AIFF): The Bureau of the FIFA Council has unanimously decided to suspend the All India Football Federation (AIFF) with immediate effect due to undue influence from third parties, which constitutes a serious violation of the FIFA Statutes. The suspension will be lifted once an order to set up a committee of administrators to assume the powers of the AIFF Executive Committee has been repealed and the AIFF administration regains full control of the AIFFs.

India loss after suspension:

a)      The suspension means that the FIFA U-17 Women’s World Cup 2022™, scheduled to take place in India on 11-30 October 2022, cannot currently be held in India as planned.

b)      FIFA is assessing the next steps with regard to the tournament and will refer the matter to the Bureau of the Council if and when necessary.

c)       FIFA is in constant constructive contact with the Ministry of Youth Affairs and Sports in India and is hopeful that a positive outcome to the case may still be achieved.

Note: FIFA President: Gianni Infantino; FIFA Founded: 21 May 1904; FIFA Headquarters: Zürich, Switzerland.

 

BANKING AND FINANCE

 

1. Kotak Mahindra Bank launched “Kotak Crème” lifestyle-focused corporate salary account: Kotak Mahindra Bank has launched a lifestyle-focused salary account named “Kotak Creme”. This account will offer an upgraded experience to its customers working in MNCs, retails, law firms, unicorns etc. The account will be available to all corporates in India and will also come with a host of privileges and rewards across lifestyle, travel, healthcare, dining, skilling and learning experiences.

Kotak Crème: Kotak Crème is being launched in Bengaluru owing to the city’s diverse hotbed of talent and corporates. Each salary account comes with preferential banking services, including a complimentary Zen Credit Card. The account holder can avail of complimentary airport lounge access and also gift Privy League privileges to their family members. Kotak Crème also offers subscriptions to top lifestyle brands offering Health & Wellness, Lifestyle, Entertainment, Knowledge/Learning & Fitness experiences. Features:

a)      It provides access to unlimited learning and entertainment powered by content and podcast platforms including Amazon Kindle and Disney Hotstar and health and fitness benefits led by special offers from Pharmeasy and Curefit.

b)      It also offers preferential pricing on a range of lending needs across personal, home and vehicle loans.

c)       Access to emergency funds via an overdraft facility up to five times of salary limit and salary payday loans at attractive interest rates are added benefits.

Note: Kotak Mahindra Bank CEO: Uday Kotak; Kotak Mahindra Bank Headquarters: Mumbai; Kotak Mahindra Bank Founded: February 2003.

 

BUSINESS AND ECONOMY

 

1. Wholesale Price Index (WPI) declines to 13.93% in July: According to figures issued by the commerce ministry, Wholesale Price Index (WPI)-based inflation in India decreased to 13.93% in July. The WPI inflation rate dropped from a record-breaking 16.63 percent in May to 15.18 percent in June. Wholesale Price Index (WPI) inflation was 11.57 percent in July 2021. The wholesale price index increased by double digits in July, marking the 16th consecutive month that the WPI has risen above the 10-percent threshold.

Wholesale Price Index: Key Points:

a)      Food inflation dropped to 9.41 percent in July, down 300 basis points from June, and this contributed to a decrease in the Wholesale Price Index (WPI).

b)      Among food goods, vegetables experienced a significant monthly price drop of 12.7%. Fruits’ index dropped 3.0 percent, while eggs, meat, and fish’s index dropped 2.6 percent from June.

c)       Overall, the food index, which makes up 24 percent of the WPI basket, decreased by 2.2 percent in July over the previous month. As a result, the Wholesale Price Index (WPI)‘s entire-commodity index decreased by 0.1 percent from June.

d)      Fuel and electricity inflation increased to 43.75 percent, with a 6.6 percent increase from June in the category’s index.

 

AWARDS AND HONOURS

 

1. 107 Gallantry awards announced for Armed Forces and CAPF personnel: President of India, Droupadi Murmu has approved 107 Gallantry awards to Armed Forces and Central Armed Police Forces personnel on the occasion of Independence Day 2022. The awards include three Kirti Chakra, 13 Shaurya Chakras, two bar to Sena Medals (gallantry), 81 Sena Medals (gallantry), one Nao Sena Medal (gallantry) and seven Vayu Sena Medals (gallantry).

The president has also approved 40 mention-in-despatches to the Indian Army, one to Indian Air Force (IAF) personnel and another to the army dog, ‘Axel’ (posthumously), for their significant contributions in different military operations which include Operation Rakshak, Operation Snow Leopard, Operation Rhino, Operation Orchid, Operation Falcon, Operation Hifazat and Operation Trikut (Deoghar).

 

2. Indian Film Festival of Melbourne (IFFM) Awards 2022 announced: The 13th edition of the Indian Film Festival of Melbourne (IFFM) 2022 began on August 12 and will conclude on August 30. The event, held annually in Australia, celebrates the Indian film industry by screening some of the most prominent and acclaimed films, TV shows, and web series from the country.

The event hosted by Rithvik Dhanjiani, the event saw big wins for Kabir Khan’s sports drama 83 and its star Ranveer Singh, as well as the Prime Video web series Mumbai Diaries 26 and the film Jalsa. The two films that had the most nominations: Jai Bhim and Gangubai Kathiawadi–failed to win a single award.

List of winners from the Indian Film Festival of Melbourne 2022 awards:

S.No	Category	Winners
1	Best Film	83
2	Best Director	Shoojit Sircar (Sardar Udham) and Aparna Sen (The Rapist)
3	Best Actor	Ranveer Singh (83)
4	Best Actress	Shefali Shah (Jalsa)
5	Best Series	Mumbai Diaries 26/11
6	Best Actor in a Series	Mohit Raina (Mumbai Diaries 26/11)
7	Best Actress in a Series	Sakshi Tanwar (Mai)
8	Best Indie Film	Jaggi
9	Best Film from the Subcontinent	Joyland
10	Lifetime Achievement Award	Kapil Dev
11	Disruptor in Cinema Award	Vaani Kapoor (Chandigarh Kare Aashiqui)
12	Equality in Cinema Award	Jalsa
13	Leadership in Cinema Award	Abhishek Bachchan

Daily GK Update- 14th Aug, 2022

NATIONAL UPDATES:

 

1. IMD-UNDP and Japan collaborate for climate action in 10 States and UTs: IMD-UNDP initiates a new project to speed up climate action in 10 States and Union Territories throughout the nation has been unveiled by the India Meteorological Department (IMD), the government of Japan, and the United Nations Development Programme (UNDP). During the years 2022–2023, the project of IMD-UNDP will be implemented in the following states: Bihar, Delhi–NCR, Gujarat, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Sikkim, Uttarakhand, and Uttar Pradesh. UNDP India has received a $5.16 million climate grant from Japan for the project of IMD-UNDP. This is a component of the worldwide assistance provided by Japan to 23 nations through the UNDP‘s “Climate Promise — From Pledge to Impact” initiative.

IMD-UNDP: Key Points:

a)      India made a commitment to reduce its projected carbon emissions by one billion tonnes by 2030, install 500 GW of non-fossil energy capacity by 2030, reduce its carbon intensity by less than 45% by the end of the decade, and reach net-zero carbon emissions by 2070 at the COP26 summit in Glasgow in November 2021.

b)      The collaborative endeavour of IMD-UNDP will help Nationally Determined Contributions (NDCs) reach net-zero emissions and guarantee development that is climate resilient.

c)       The Ministry of Earth Sciences and the Ministry of New and Renewable Energy will work with the IMD to implement it (MNRE).

d)      The new NDCs for India were approved by the Cabinet to be communicated to the United Nations Framework Convention on Climate Change one week before to the launch.

 

2. Andhra Pradesh government signed an MoU with NISG for integrated land management system: Andhra Pradesh government has signed an MoU with National Institute for Smart Government (NISG). Under the agreement, NISG will assist the Andhra Pradesh government in the preparation and development of an integrated land management system with advanced technology in fixing the boundaries. The agreement was signed as part of the implementation of the YSR Jagananna Saswatha Raksha scheme.

Note: Andhra Pradesh Capital: Amaravati; Chief Minister: YS Jagan Mohan Reddy; Governor: Biswabhusan Harichandan

 

3. Telangana launched ‘Nethanna Ku Bima’ Scheme for weavers: Telangana Government has launched ‘Nethanna Ku Bima’ Scheme, an insurance scheme, which covers handloom and power loom weavers in the State. This scheme was launched by Telangana Handlooms Minister, KT Rama Rao virtually. The insurance coverage scheme will be implemented in association with LIC. In case of natural or accidental death of a weaver Rs. 5 lakh would be deposited into the nominees’ account within 10 days.

Note: Telangana Capital: Hyderabad; Chief Minister: K. Chandrashekar Rao; Governor: Tamilisai Soundararajan

 

4. Amit Shah launched onboarding of cooperatives on GeM portal: Union Home and Cooperation Minister Amit Shah has launched the onboarding of cooperatives on the Government e-Marketplace (GeM) portal. The move will allow cooperatives to procure through the GeM portal like other government buyers—Central and state ministries, departments, public sector enterprises, autonomous institutions and local bodies. Over 300 cooperatives have been onboarded as buyers on the GeM portal to enable them to purchase goods and services at competitive prices.

 

5. Samudrayaan mission to send humans 6,000 meters deep in ocean: The Indian government will soon start its mega ocean mission called ‘Samudrayaan’ to unlock the mysteries in the heart government of deep water. With this mission, India will be joining the elite club of nations such as the US, Russia, Japan, France, and China to have niche technology and vehicles to carry out subsea activities. Samudrayaan Mission is aimed to develop a self-propelled manned submersible to carry three human beings to a water depth of 6,000 m in the ocean with a suite of scientific sensors and tools for deep ocean exploration. Developed indigenously, MATSYA 6000 is a manned submersible vehicle. It will facilitate the Ministry of Earth Sciences (MoES) in conducting deep ocean exploration. It has an endurance of 12 hours of operational period and 96 hours in case of emergency.

 

6. PM Narendra Modi Observes Partition Horrors Remembrance Day 2022: In his last year’s Independence Day speech, Prime Minister Narendra Modi declared August 14 to be observed as “Partition Horrors Remembrance Day” to remind the nation of the sufferings and sacrifices of Indians during the partition in 1947. The day, which coincides with Pakistan’s Independence day, will be observed in memory of the “struggles and sacrifices of our people”.

Meanwhile, India is all set to celebrate 75 years of Independence with preparations in full swing. A large number of ASI monuments across the country have been lit up in tri-colour theme, and citizens and political parties across the country have kicked off ‘tiranga’ rallies under the ‘Har Ghar Tiranga’ campaign. Earlier this week, Lok Sabha speaker Om Birla inaugurated an exhibition on the ‘Horrors of Partition’ at the Parliament Library Building.

 

INTERNATIONAL UPDATES:

 

1. Argentina’s Rear Admiral Guillermo Pablo Rios named UNMOGIP’s head: An experienced Argentinean navy officer, Rear Admiral Guillermo Pablo Rios has been named Head of Mission and Chief Military Observer for the United Nations Military Observer Group in India and Pakistan (UNMOGIP) by UN Secretary General Antonio Guterres. Major General José Eladio Alcain of Uruguay steps down in favour of Rear Admiral Guillermo Pablo Rio of Argentina as Head of Mission and Chief Military Observer for UNMOGIP, whose task is about to be completed.

About UNMOGIP: Established in January 1949, UNMOGIP. The duties of UNMOGIP have been to watch, to the degree practicable, developments relevant to the strict enforcement of the ceasefire of December 17, 1971, which followed the 1971 India-Pakistan conflict and a later ceasefire agreement, and to report thereon to the Secretary-General. After the Simla Agreement and the ensuing formation of the Line of Control, India has claimed that UNMOGIP has lost all relevance and is no longer useful (LoC).

 

OTHER UPDATES:

 

SPORTS

 

1. Tata Steel Chess India Tournament 2022: Women’s section introduced for first time: The 4th edition of the Tata Steel Chess India tournament will be held in Kolkata from November 29 to December 4, 2022. For the first time, a separate women’s section has been added in the tournament, which had only the Open section so far. Tata Steel Chess India (rapid and blitz) is one of the most important chess tournaments in India. Top Indian female players like Koneru Humpy, D Harika, and R Vaishali will compete in the maiden women’s edition.

About Tata Steel Chess India: World-class chess came to Kolkata in the form of the first inaugural Tata Steel Chess India tournament in November 2018. In 2019, World Champion Magnus Carlsen won both Rapid and Blitz in his usual magnificent fashion, while the other super GMs wowed chess enthusiasts with their precision power play. Tata Steel has a long-standing association with chess and cherishes the global standing Tata Steel Chess Tournament in Wijk Ann Zee has acquired over the years.

 

2. 1st edition of Women’s IPL to be held in March 2023: The 1st Edition of Women Indian Premier League will be starting from March 2023 to be held in a one-month window and in all likelihood with five teams, a senior BCCI official confirmed. The BCCI bigwigs have discussed the issue and a March window has been found for the tournament after the Women’s T20 World Cup in South Africa.

Both BCCI president Sourav Ganguly and secretary Jay Shah in separate interviews had earlier confirmed that 2023 is the year when WIPL would start. A lot of cricket lovers believe that WIPL will bring in a revolution and the standard of women’s cricket in India will have a quantum leap. It is understood that teams like Mumbai Indians, Rajasthan Royals, and Chennai Super Kings have all expressed their interest in buying teams.

 

BANKING AND FINANCE

 

1. State Bank of India launched “Utsav fixed deposit scheme”: The largest lender in the nation, State Bank of India (SBI) has introduced a unique term deposit programme called “Utsav Deposit Scheme”. This fixed deposit scheme has higher interest rates and is only available for a limited time. This programme is introduced on the occasion of the nation’s 76th year of Independence, celebrated as Azadi Ka Amrit Mahotsav.

Different rates of the schemes: On Utsav Fixed Deposit Scheme: SBI is offering an interest rate of 6.10% per annum on fixed deposits with a tenure of 1000 days. And senior citizens will be eligible to get an additional interest rate of 0.50% over and above the regular rate. These rates are effective as of 15th August 2022 and the scheme is valid for a period of 75 days.

Different rates of the schemes:

a)      Interest rates on fixed deposits under ₹2 Cr were recently increased at SBI. SBI announced the new interest rates on August 13, 2022, and as a result of the adjustment, the bank increased interest rates by 15 bps for various tenors.

b)      SBI increased interest rates on fixed deposits maturing in 180 to 210 days from 4.40% to 4.55%.

c)       SBI increased interest rates from 5.30% to 5.45% for fixed deposits with maturities of one year to less than two years.

d)      The interest rate on deposits maturing in 2 years to less than 3 years has increased to 5.50% from 5.35%, while the interest rate on deposits maturing in 3 years to less than 5 years has increased from 5.45% to 5.60%.

e)      SBI increased the interest rate on fixed deposits maturing in 5 years and up to 10 years from 5.50% to 5.65%.

Note: SBI Chairperson: Dinesh Kumar Khara; SBI Headquarters: Mumbai; SBI Founded: 1 July 1955.

 

DEFENCE

 

1. INS Satpura to 75 Lap “Azadi ka Amrit Mahotsav Run” at San Diego: Indian Naval Ship (INS) Satpura reached the San Diego Harbour North American Continent on 13th August to celebrate the 75 years of Independence of India. The INS Satpura conducted a 75 Lap Azadi ka Amrit Mahotsav Run at the San Diego US Navy Base on the Independence Day of India. The ship hoisted the Indian Tricolour flag in the presence of the Indian diaspora and distinguished local dignitaries in the North American Continent on the historic occasion of 75 years of Independence of India. The arrival of INS Satpura to the San Diego US Navy Base is a historic event as it is the first time an Indian Naval Warship has reached the western coast of North America. This event demonstrates the capability and advancement of the Indian Navy after 75 years of Independence. About INS Satpura:

a)      Indian Naval Warship, INS Satpura, and P81 LRMRASW aircraft participated in one of the largest multilateral naval exercises, The Rim of the Pacific Exercise (RIMPAC), at Pearl Harbour in Hawaii.

b)      On June 27, INS Satpura reached Hawaii for the multilateral naval exercises whereas P81 aircraft arrived on 22 July 2022.

c)       INS Satpura and one P81 Maritime participated in the exercise which spans over six weeks of intense operations and training aimed at enhancing the exchange of information and building trust among the Navies of foreign countries.

 

OBITUARIES

 

1. Veteran stock market investor Rakesh Jhunjhunwala passes away: Veteran stock market investor, Rakesh Jhunjhunwala passed away at the age of 62. Often referred to as ‘India’s Warren Buffett’ and the Big Bull of Indian markets, Jhunjhunwala’s net worth was $5.8 billion. An investor with a Midas touch, Jhunjhunwala was the 48th richest man in the country.

a)      A chartered accountant by education, he chose Dalal Street instead of auditing accounts. In 1985, Jhunjhunwala invested Rs 5,000 as capital.

b)      By September 2018, that capital had inflated to Rs 11,000 crore. His portfolio includes companies like Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies, Tata Motors.

c)       Overall, he had a stake in 47 companies at the end of the June quarter. Titan, Star Health, Tata Motors and Metro Brands were some of his largest holdings.

d)      He was the chairman of Hungama Media and Aptech and was on the board of directors of firms such as Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.

 

2. Indian American journalist Uma Pemmaraju passes away: An Indian American journalist, Uma Pemmaraju has passed away at the age of 64. She was a part of various shows such as The Fox Report, Fox News Live, Fox News Now, and Fox On Trends.

Pemmaraju paved the way for Indian American journalists in the field of investigative reporting by receiving many Emmy Awards over the span of her career. The Big Sisters Organization of America awarded her The Woman of Achievement Award. She also won the Texas AP Award and the Matrix Award from the Women in Communications for reporting. She was also featured as one of Spotlight Magazine’s “20 Intriguing Women of 1998.”

 

Daily GK Update- 13th Aug, 2022

NATIONAL UPDATES:

 

1. Cabinet approves continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U): The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved for the continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U) up to December 31, 2024. The continuation of the scheme based on the request of States/UTs, will help in completion of already sanctioned 122.69 lakh houses till March 31, 2022. Pradhan Mantri Awas Yojana – Urban (PMAY-U) is a flagship Mission of Government of India being implemented by Ministry of Housing and Urban Affairs (MoHUA). The mission was launched on June 25, 2015, to ensure a pucca house to all eligible urban households by the year 2022.

 

2. 5th elephant reserve in Agasthyamalai landscape announced by Tamil Nadu: The proposal to designate 1,197.48 sq.km in Kanyakumari and Tirunelveli as the Agasthiyarmalai Elephant Reserve was approved by the Union Environment Ministry. Tamil Nadu will oversee this Agasthiyarmalai Elephant Reserve, which is the fifth elephant reserve. The forest department may be eligible for additional financing through the centrally sponsored Project Elephant after notifying the Agasthiyarmalai Elephant Reserve.

Agasthiyarmalai Elephant Reserve:

a)      Agasthiyarmalai Elephant Reserve status will put more of an emphasis on protecting and conserving elephants as indicator animals that indicate a healthy ecosystem, even when the area is already protected as a reserve forest or wildlife sanctuary.

b)      Identification of elephant corridors will allow for the adoption of improved management techniques.

c)       Asian elephant numbers in the Periyar-Agasthyamalai landscape are estimated to be 1,800 (Census 2010).

d)      About 300 of them are found alone on the southern side in the Agasthiyarmalai Elephant Reserve and Mahendragiri hill ranges in the Neyyar, Shendurney, and Peppara Wildlife Sanctuaries and Kalakkad-Mundanthurai Tiger Reserve, all located in Thiruvananthapuram Forest Division.

 

3. Ministry of Social Justice launches SMILE-75 initiative: The Ministry of Social Justice & Empowerment, Government of India, has identified 75 Municipal Corporations to implement comprehensive rehabilitation of persons engaged in the act of begging under “SMILE: Support for Marginalised Individuals for Livelihood and Enterprise” named as “SMILE-75 Initiative”.

The Government of India has recognised the persisting problem of destitution and beggary and formulated a comprehensive scheme of SMILE which includes a sub-scheme of comprehensive rehabilitation for persons engaged in begging that covers identification, rehabilitation, provision of medical facilities, counselling, and education, skill development for a decent job and self-employment/entrepreneurship.

Under the SMILE-75 initiative:

a)      75 Municipal Corporations in collaboration with NGOs and other stakeholders will cover several comprehensive welfare measures for persons who are engaged in the act of begging with a focus extensively on rehabilitation, provision of medical facilities, counselling, awareness, education, skill development, economic linkages and convergence with other Government welfare programmes etc.

b)      The Ministry of Social Justice & Empowerment has allocated a total budget of Rs. 100 crore for the SMILE project for the coming years till 2025-26.

c)       Through this project, the Ministry envisions developing a support mechanism for holistic rehabilitation of those engaged in the act of begging and building an India where no person is forced to beg in order to survive and fulfil their basic needs.

 

INTERNATIONAL UPDATES:

 

1. Mexican President proposes peace commission led by 3 leaders including PM Modi: The Mexican President, Andrés Manuel López Obrador has proposed that the top commission should include Pope Francis, the UN Secretary-General, Antonio Guterres, and Indian PM Narendra Modi. The aim of the commission would be to present a proposal to stop the wars around the world and reach an agreement to seek a truce for at least five years. The commission aims to stop wars across the world and reach an agreement to seek a truce for at least five years.

Key Points:

a)      The Mexican President is planning to submit a written proposal to the UN to create the commission, made up of three world leaders, including PM Modi, to promote a world truce for a period of five years.

b)      The Mexican President has invited China, Russia, and the US to seek peace and to end warlike actions.

c)       As per the Obrador, the proposed truce will help in reaching an agreement in the case of Taiwan, Israel and Palestine.

d)      Mr Modi and other leaders of the Member States are expected to participate in the session when the global body will discuss the crises in Ukraine, Gaza Strip and the regional tension over Taiwan.

Note: Mexico President: Andrés Manuel López Obrador; Mexico Capital: Mexico City; Mexico Currency: Mexican peso.

 

2. World Sanskrit Diwas: 12th August: World Sanskrit Day or World Sanskrit Diwas 2022 is celebrated on the occasion of Shraavana Poornima. World Sanskrit Day also coincides with the festival of Raksha Bandhan. In 2022, World Sanskrit Day is celebrated on 12th August 2022. The main objective to celebrate the World Sanskrit Diwas 2022 is to encourage and make the upcoming generation familiar with the oldest language and the mother of all languages. Sanskrit is also known as the ‘Language of the Gods’ and this day is celebrated across the country to pay respect to this language.

World Sanskrit Day History: Sanskrit is believed to be originated in India around 3500 years ago. The first World Sanskrit Day was celebrated on 1969.

 

3. International Lefthanders Day: 13th August: International Lefthanders Day is observed on August 13 across the world. The day is observed to raise awareness about the lefty people’s experience with living in a right-hand dominant world. The day also spreads awareness on issues faced by left-handers, eg the importance of the special needs for left-handed children and the likelihood for left-handers to develop schizophrenia.

International Lefthanders Day History: International Lefthanders Day was launched by the Club as an annual event on 13th August 1992 when lefthanders everywhere can celebrate their uniqueness and also increase awareness in the public about the advantages and disadvantages of being left-handed. The event is now celebrated worldwide.

 

4. World Organ Donation Day: 13th August: World Organ Donation Day is observed globally on the 13th of August. This day is observed to spread awareness about the importance of donating organs. It also plays a pivotal role in debunking various misconceptions about donating organs. Donating organs of the deceased like kidneys, heart, pancreas, eyes, lungs, etc can help save the lives of those who are facing chronic illnesses. This year’s theme for World Organ Donation Day 2022 is “let’s pledge to donate organs and save lives”. The Day is celebrated to raise awareness of the need for donating organs and to thank donors for their life-saving contributions.

World Organ Donation Day History: The first successful organ transplant took place in 1954 in the United States. It was done by Dr Joseph Murray who was also awarded Nobel Prize in Physiology and Medicine in 1990 for successfully carrying out a kidney transplant between twin brothers Ronald and Richard Herrick.

 

OTHER UPDATES:

 

SPORTS

 

1. 1st Khelo India Women’s Hockey League (U-16) to be held at Major Dhyanchand Stadium: The first Khelo India Women’s Hockey League under-16 is scheduled to be held at the Major Dhyanchand Stadium in New Delhi from August 16 to 23, 2022.

Khelo India Women’s Hockey League under-16:

a)      Phase 1 of the 1st Khelo India Women’s Hockey League (U-16) is scheduled from August 16 to 23 where a total of 16 teams across the country are participating. A total of 56 matches will be played in Phase 1 and over 300 players will compete.

b)      The Sports Authority of India has allocated a total of Rs 53.72 lakhs for 3 phases of the competition, which includes Prize money of Rs 15.5 lakh.

c)       Phase 1 and 2 of the Khelo India Women’s Hockey League (U-16) will be in a round-robin format.

d)      The final ranking of teams will be determined after the completion of the first 2 phases.

e)      Phase 3 will consist of classification matches where each team will play a minimum of 3 matches.

 

2. Former West Indies Skipper Kieron Pollard first cricketer to play 600 T20 matches: Former West Indies all-rounder, Kieron Pollard became the first cricketer to play 600 T20 matches. The hard-hitting batter achieved this landmark during his side’s London Spirit’s match against Manchester Originals. Behind him are players Dwayne Bravo (543 matches), Shoaib Malik (472), Chris Gayle (463) and Ravi Bopara (426).

He has the best individual performance of 104. Pollard has scored one century and 56 half-centuries in the format. He has also captured 309 wickets with the best bowling figures of 4/15. He has scored 11,723 runs across 600 games at an average of 31.34.

 

3. Tamara Walcott lifts 737.5 kg to break powerlifting Guinness World Record: Tamara Walcott, a female powerlifter from Maryland in the United States broke according to sources in the investigating agency for the heaviest cumulative lift for bench/squat and press in competition (female) after lifting a total of 737.5 kg across three compound lifts – the squat, the bench press, and the deadlift. She was honoured at the 2022 World Raw Powerlifting Federation American Pro in Manassas, Virginia last month. GWR compared the weight she lifted with a female adult giraffe that weighs about 680.3 kg.

 

BANKING AND FINANCE

 

1. HDFC Bank inks an agreement with TReDs platform M1xchange: M1xchange (TReDs platform), a marketplace for discounting trade receivables, and HDFC Bank have partnered to provide small businesses’ access to financing at competitive interest rates. To debut on the Trade Receivables Discounting System (TReDs) platform, HDFC Bank has joined forces with M1xchange, a project of Mynd Solutions Pvt Ltd. This action is anticipated to provide corporate buyers and MSMEs with high liquidity at competitive interest rates.

Key Points:

a)      The Micro, Small, and Medium-Sized Enterprises (MSMEs) can auction their trade receivables online through the TReDS (M1xchange) system, which is governed by the RBI, and borrow money from the financial institution offering the lowest interest rate.

b)      The partnership between HDFC Bank and M1xchange represents yet another important advance in the financing of MSME and micro category firms.

c)       Shorter turn-around times and lower administrative expenses will enable HDFC Bank to book more new-to-bank (NTB) corporate buyer partnerships, according to him.

d)      This agreement is anticipated to increase TReDS (M1xchange) adoption among more corporate customers and MSMEs, as well as bring in more liquidity.

Note: Senior Executive Vice President, HDFC Bank: Vijay Mulbagal

MD & CEO, M1xchnage: Sundeep Mohindru

 

2. SBI to run Indian Visa Centres (IVAC) in Bangladesh: The State Bank of India (SBI) will manage the Indian Visa Application Centre (IVAC) in Bangladesh for two more years. The agreement to extend the operations for two more years was signed between the officials of the SBI and the High Commission of India in Dhaka. The IVAC will also be starting a few additional services soon which include facilitation for online form filling and submission of forms, slot booking and launching of a mobile app. A priority lounge was also inaugurated at the IVAC centre in Dhaka.  Key Points:

a)      Currently, SBI runs a total of 15 IVACs across Bangladesh. The IVAC centre at the Jamuna Future Park in Dhaka was opened in 2018. It is the largest Indian visa application centre. The first IVAC was started by SBI in 2005 in Dhaka.

b)      On average, the IVAC manages more than 5.5 thousand visa applications on a daily basis. In 2019, the Indian High Commission issued over 16 lakh visas in Bangladesh.

c)       After interruptions due to Covid 19 pandemic in 2020 and 2021, Visa operations of the High Commission of India have been running at full capacity catering to the various categories of visa applicants including those in emergency situations on a priority basis.

Note: State Bank of India (SBI) chairman: Dinesh Kumar Khara; State Bank of India Headquarters: Mumbai; State Bank of India Founded: 1 July 1955.

 

BUSINESS AND ECONOMY

 

1. Retail Inflation Eases To 6.71% In July: Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank’s comfort level of 6 per cent for the seventh consecutive month. With retail inflation continuing to remain high despite a fall in prices of vegetables and edible oils, among other commodities in July, the Reserve Bank of India (RBI) might go for another rate hike in September.

RBI’s Tolerance Level: The Consumer Price Index (CPI) based retail inflation was at 7.01 per cent in June and 5.59 per cent in July 2021. It was above 7 per cent from April to June this fiscal. According to the data released by the National Statistical Office (NSO), food inflation in July moderated to 6.75 per cent as against 7.75 per cent in June. The retail inflation is above RBI’s upper tolerance level of 6 per cent and has remained at that level for the past seven months.

Other Indicators: Meanwhile, India’s factory output, measured by the Index of Industrial Production (IIP), came in at 12.3% for the month of June, compared with 19.6% reported in May, the government data has showed. The coronavirus pandemic had weighed on Industrial production since March 2020, when it had contracted 18.7%. The manufacturing sector’s output grew 12.5% in June 2022. The mining output climbed 7.5%, and power generation increased 16.4% in June this year.

 

DEFENCE

 

1. IAF to Participate in Military Drills ‘Udarashakti’ with Malaysia: Indian Air Force (IAF) contingent left for Malaysia to participate in a four-day bilateral exercise ‘Udarashakti’ with the Royal Malaysian Air Force (RMAF). The exercise will give an opportunity to the IAF contingent members to share and learn best practices with some of the best professionals from the RMAF, while also discussing mutual combat capabilities.

The exercise will witness various aerial combat drills between the two Air Forces, the IAF said, adding that it would fortify the long-standing bond of friendship and enhance the avenues of defence cooperation between the two Air Forces, thereby augmenting security in the region. From the Indian Air Force Su-30, MKI and C-17 aircraft will be participating while the RMAF will be flying Su-30 MKM aircraft.

Note: Indian Airforce founded: 08th October 1932; Indian Airforce Headquarters: New Delhi; Indian Airforce Chief of Air Staff: Vivek Ram Chaudhari.