Daily GK Update- 10th Sep, 2022

NATIONAL UPDATES:

 

1. India’s First Intranasal COVID Vaccine by Bharat Biotech gets DCGI Approval: India’s first intranasal Covid vaccine by Bharat Biotech received approval from the Drug Controller General of India (DCGI) for primary immunization against the injection for people above the age of 18. It is India’s first nasal vaccine for COVID-19. The Union Minister of Health and Family Welfare Mansukh Mandaviya termed the vaccine a ‘Big Boost’ to India’s fight against COVID-19.

The BBIL announced that the development of the Intranasal COVID vaccine (BBV154), has been approved for restricted use in an emergency. The iNCOVACC, is a recombinant replication-deficient adenovirus vectored vaccine with a pre-fusion stabilized spike protein. This vaccine was evaluated in phases I, II, and III, clinical trials with successful results. The vaccine was formulated to allow intranasal delivery through nasal drops. It is designed to be cost-effective in low and middle-income countries.

 

2. First LNG truck facility in India opened by Blue Energy Motors: The long-haul, heavy-duty trucks from Blue Energy Motors, which intends to upend the Indian trucking business by producing clean energy, almost zero emissions vehicles, will run on LNG. The business was inaugrated by Union Minister, Nitin Gadkari. Blue Energy Motors has a contract in place with FPT Industrial, the global powertrain brand of the Italian Iveco Group, to launch the first LNG trucks with BS VI-compliant FPT Industrial engines. Key Points:

a)      The introduction of the 5528 4×2 tractor will serve as the first model for the market entry of LNG-fueled trucks.

b)      Blue Energy Motors claims that its “trucks have been built and tested in compliance with the demanding duty cycles of the Indian transport industry.”

c)       These trucks, which have high-torque FPT Industrial engines, not only have the best TCO in their class but also provide unparalleled ride comfort and driver safety for long hauls.

d)      One of the most potent natural gas engines is the FPT Industrial engine, which is also compatible with CNG, LNG, and biomethane.

e)      To ensure best-in-class fuel consumption and lower noise than diesel engines, it uses multipoint stoichiometric combustion.

Note: CEO Blue Energy Motors: Anirudh Bhuwalka

President of Iveco Group Powertrain Business Unit: Sylvain Blaise

 

3. Shri Nitin Gadkari inaugurated Conference Manthan in Bengaluru: Union Minister for Road, Transport, and Highways, Shri Nitin Gadkari inaugurated ‘Manthan’ in Bengaluru. He was accompanied by General Dr. VK Singh, Union Minister of State for RT&H and Civil Aviation, and Shri Basavaraj Bommai, Chief Minister, Karnataka. Ministry of Road, Transport, and Highways has organized Manthan, which was three-day invitation conference cum public EXPO. Mathan aims was to discuss multiple issues and opportunities in the roads, transport, and logistics sector and engage with the state. Key Points Related to Manthan:

a)      The theme of Mathan is ‘IDEAS TO ACTION: Towards a smart, sustainable, road infra, mobility, and logistics ecosystem.’

b)      In this event, several state ministers, holding portfolios of the ministries of PWD, transport, and industry, and senior government officials from these ministries participated.

c)       Senior officials from MoRTH and NHAI, Policy planners, experts, corporate leaders, and technocrats, also joined the event.

d)      The discussion of the event was around three areas: first on roads, covering road development, new materials, technology, and road safety. Second, the transport sector, covering EVs and vehicle safety, among others. Third, alternate and future mobility, covering ropeways, multimodal logistics parks, Parvatmala, and Digital interventions.

e)      During this program, the 41st Meeting of the transport development council also take place.

 

4. Grievance Redressal Index 2022: UIDAI topped in August 2022: Unique Identification Authority of India (UIDAI) has topped among all Ministries/Departments for resolving Public Grievances in the ranking. The report was published by the Department of Administrative Reforms and Public Grievances (DARPG). In a statement released by the Ministry of Electronics and IT, it is stated that UIDAI is further committed in serving the people of India and has been a catalyst for both ease of living and business. Key Points:

a)      UIDAI has been a top performer in the resolution of cases received through the Centralized Public Grievance Redress and Monitoring System (CPGRAMS).

b)      The organization is dedicated to further strengthening its Grievance Redressal Mechanism and is going to launch State-of-the-art Open Source CRM solution soon. The new Customer Relationship Management (CRM) solution has been designed with advanced features that shall enhance UIDAI service delivery to residents.

c)       The new CRM solution shall have the capability to support multi-channels like Phone Calls, Emails, chatbots, Web portals, Social Media, letters and walk-ins through which the grievances can be lodged, tracked and resolved effectively. It is under the advanced stage of implementation and is going to be rolled out soon.

Note: UIDAI Founded: 28 January 2009; UIDAI Headquarters: New Delhi.

 

5. PSLV rockets to be built by HAL-L&T under a Rs. 860 billion contract: The Hindustan Aeronautics Limited, HAL-L&T consortium, making the industry’s first entrance into end-to-end production of polar satellite launch vehicles, has secured a Rs 860 crore contract from NewSpace India Limited to produce five rockets (PSLV rockets). The HAL-L&T cooperation won the right to produce PSLV from beginning to end after three bids were subjected to a techno-commercial examination.

About NSIL: The NSIL also has plans to procure a fully assembled GSLV-Mk III rocket from Indian business associates. The transfer of 10 in-orbit communication satellites from the Government of India to NSIL was authorised by the Union Cabinet in June of this year. The government had approved raising NSIL’s authorised share capital from Rs 1,000 billion to Rs 7,500 billion.

 

6. SC Judge DY Chandrachud named as new Chairman of NALSA: Supreme Court judge Justice DY Chandrachud has been appointed as the next executive chairperson of the National Legal Services Authority (NALSA). The post was previously held by the Chief Justice of India UU Lalit. President Droupadi Murmu has appointed Justice D.Y. Chandrachud as the executive chairman of the NALSA.  Before being elevated as a judge of the Supreme Court, Justice Chandrachud served as the Chief Justice of the Allahabad High Court and prior to that a judge of the Bombay High Court.

About the NALSA: The NALSA has been constituted under the Legal Services Authorities Act, 1987 to provide free Legal Services to the weaker sections of the society. While the CJI is the Patron-in-Chief, the second senior most judge of the Supreme Court of India is the executive chairperson of the Authority.

Note: NALSA Founded: 9 November 1995; NALSA Headquarters location: New Delhi; NALSA Motto: Access to Justice for All.

 

INTERNATIONAL UPDATES:

 

1. Suella Braverman: UK’s new Home Secretary of Indian Origin: Liz Truss, the new British prime minister, named Suella Braverman, a lawyer of Indian descent, as the country’s new home secretary. Priti Patel, who is of Indian descent, will be replaced in the position by Suella Braverman. Suella Braverman, a 42-year-old Conservative Party member from Fareham in southeast England, previously worked for the Boris Johnson administration as the attorney general. About Suella Braverman:

a)      In the 2005 general election, Suella Braverman ran from Leicester East.

b)      In May 2015, Suella Braverman won a seat representing Fareham as a Conservative Party member.

c)       Suella Braverman served in the legislature and was re-elected in 2017 and 2019.

d)      In addition, Suella Braverman held the office of attorney general from February 2020 to September 2022.

 

2. World EV Day: 9th September: World EV Day 2022 is observed on the 9th of September. World EV Day is observed to emphasize the importance of e-mobility. World EV day helps to spread awareness about sustainable transport facilities to the people. Air pollution is mainly caused by transportation, and EVs are one of the major alternatives to decrease air pollution.

The first World EV Day was observed in 2020 and was an initiative of Sustainability Media Company Greet TV. Every year, World EV Day is observed on 9th September 2022.

 

3. World Suicide Prevention Day: 10th September: World Suicide Prevention Day (WSPD), celebrated annually on 10 September, is organized by the International Association for Suicide Prevention (IASP) and endorsed by the World Health Organization (WHO). The overall goal of this day is to raise awareness about suicide prevention worldwide. Objectives include promoting stakeholder collaboration and self-empowerment to address self-harm and suicide through preventative action. The theme of WSPD 2022, “Creating hope through action,” reflects the need for collective, action to address this urgent public health issue. This has been the triennial theme for World Suicide Prevention Day from 2021 to 2023.

World Suicide Prevention Day History: World Suicide Prevention Day (WSPD) was established in 2003 by the International Association for Suicide Prevention in conjunction with the World Health Organization (WHO). The 10th of September each year focuses attention on the issue, reduces stigma and raises awareness among organizations, government, and the public, giving a singular message that suicide can be prevented.

 

OTHER UPDATES:

 

SPORTS

 

1. Anishka Biyani won Gold medal in Malaysian chess meet: Six-year-old Anishka Biyani has won the gold medal in the Malaysian Age Group Rapid Chess Championship at Kuala Lumpur. Anishka, a first-grade student of Dhirubhai Ambani School, achieved the feat in the Under-6 Open category with an impressive score of four points out of a possible six to clinch the title in the girl’s category.

 

2. Mastercard Acquires Title Sponsorship Rights for All BCCI International and Domestic Matches: Mastercard has announced its collaboration with the Board of Control for Cricket in India (BCCI) to expand its strategic outreach to Indian audiences. During the collaboration between Mastercard and BCCI, Mastercard will be the title sponsor of all the international matches including men and women, held on the home grounds, domestic cricket matches like Duleep Trophy, Ranji Trophy, and Irani Trophy.

The sponsorship and collaboration aim to enhance the connection of Mastercard with cricket lovers across the country. Mastercard has also invested in worldwide sponsorships including UEFA, Champion League, the Grammys, the Cannes Film Festival, and the Australian and French Open tennis tournaments. Mastercard worked to amplify this passion area with the signing of MS Dhoni, as the brand ambassador for over four years.

 

3. Japan’s Kenta Nishimoto won Men’s Singles at Japan Open 2022: Japan wins the singles finals of the 2022 Japan Open Badminton Tournament in Osaka. Japan is the host country of the 2022 Japan Open Badminton Tournament. Nishimoto Kenta, 28 years old, won his first career title in the men’s. Yamaguchi Akane, World Champion won for the second successive week in women. After three years, Japan Open was held for the first time due to the pandemic and only Yamaguchi managed to defend her title.

a)      In the men’s doubles, which was the fifth Tournament, Liang Wei Keng/Wang Chang of China won their first title in their first final, they defeated the Danish duo of Kim Astrup/Anders Skaarup Rasmussen by 21-18, 13-21, 21-17.

b)      e)   Jeong Na Eun/Kim Hye Jeong defeated Baek Ha Na/Lee Yu Rim from the Republic of Korea by 23-21, 28-26 for the women’s doubles crown.

 

BANKING AND FINANCE

 

1. HDFC Bank opened new SMS banking facility for its customers: The private sector lender HDFC Bank introduced a new SMS banking facility for its customers. The bank claims that now customers can access a wide range of banking services round-the-clock, 24/7 x 365 no matter where they are. With the new SMS banking facility, customers can now check account balances & summaries, apply for loans, manage credit cards, apply for chequebook requests, generate account statements and more. Customers no longer need to remember or type lengthy pre-defined keywords to conduct SMS banking thanks to HDFC Bank’s new SMS facility, which is integrated with AI technology.

In order to get started with the new SMS banking facility of HDFC Bank, customers are required to complete the registration process. For the same, they need to SMS “Register” <Space> “Last 4 digits of customer ID” <Space> “Last 4 digits of account number” and then sent it to 7308080808 from their registered mobile number. The new SMS banking is currently available only in the English Language, and it is available 24/7 and with zero charges. Customers can conduct SMS Banking operations from anywhere in India or overseas if they have national or international roaming enabled on their mobile device.

 

BUSINESS AND ECONOMY

 

1. IndiGo appoints Aviation industry veteran Pieter Elbers as the new CEO: Peiter Elbers assumed the charge of Indigo’s chief executive officer, over three months after he was announced as the replacement for outgoing CEO Ronojoy Dutta. Elbers, the former chief executive of KLM Royal Dutch Airlines, was named as the next CEO by IndiGo on May 18, 2022. He has been at the helm of KLM since 2014. The 52-year-old is also a member of the executive committee of the Air France – KLM Group.

Experience:  Elbers had started his career in 1992 with KLM and, over the past three decades, held several managerial positions in the company in both the Netherlands and overseas in Japan, Greece and Italy. With Elbers assuming the charge, the three-year stint of Dutta as IndiGo’s CEO has formally concluded. The 71-year-old led the carrier through the turbulent period of COVID-19.

 

2. NIESBUD, IIE and ISB Signs MoU to offer Entrepreneurial Programmes to India’s Youth: The National Institute for Entrepreneurship and Small Business Development (NIESBUD) and the Indian Institute of Entrepreneurship (IIE), under the Ministry of Skill Development and Entrepreneurship (MSDE), signed a memorandum of understanding (MoU) individually with the Indian School of Business (ISB), which is a top-ranking global business school, to offer world-class management education through entrepreneurial programs targeted towards youth and job seeking entrepreneurs. Key Points:

a)      The partnership will enable, the development and implementation of two programs, one is Business Foundation & Entrepreneurial Skills and the other is Behavioral Skills Programme by ISB faculty and other Industry experts.

b)      NIESBUD and IIE will start enrollment of students on the ISB LMS, for the two training programs.

c)       The participants will receive a joint certification on the successful completion of the course.

 

AWARDS AND HONOURS

 

1. Mahadevikadu Kattil Thekkethil chundan wins Nehru Trophy Boat Race: Pallathuruthy Boat Club, Mahadevikadu Kattil Thekkethil Chundan has scripted its maiden triumph in the Nehru Trophy boat race for snake boats at the Punnamada Lake in Alappuzha. The club, led by Santhosh Chacko, completed a hat-trick of wins. A total of 77 boats, including 20 snake boats, competed in this year’s Nehru Trophy. Nadubhagom, rowed by Kumarakom-based NCDC Boat Club, and Veeyapuram, powered by Punnamada club, finished second and third, respectively. Police Boat Club’s Chambakkulam came fourth.

Winners in other categories:

a)      Thekkanodi Thara Vallam (women): Saradhy (Police club, Alappuzha)

b)      Thekkanodi Kettu Vallam (women): Chellikadan (Chaithr-am Kudumbashree club, Pullangady)

c)       Churulan: Kodimatha (Koduppunna club)

d)      Veppu A grade: Manali (Police club, Alappuzha)

e)      Veppu B grade: Chiramel Thottukadavan (SSBC Virippukala, Kumarakom)

f)        Iruttukuthi A grade: Moonu Thaikkal (Arpookara club, Kottayam)

g)      Iruttukuthi B grade: Thuruthip-puram (Thuruthippuram club)

h)      Iruttukuthi C grade: Gothuruthu (GBC, Gothuruthu)

 

2. Lok Nayak Foundation Sahitya Puraskar awarded to Tanikella Bharani: Telugu writer and actor, Tanikella Bharani was presented with the annual Sahitya Puraskar of the Loknayak Foundation (18th Loknayak Foundation Award) at an award ceremony held at Kalabharathi Auditorium, Visakhapatnam, Andhra Pradesh. The Governor of Mizoram, Kambhampati Haribabu, who participated as the Chief Guest, felicitated the award to Tanikella Bharanialong with actor Manchu Mohan Babu and others.

About the Tanikella Bharani: Tanikella Bharani is an Indian actor, screenwriter, poet, playwright and director who mostly works in Telugu films. He has worked in more than 750 films in Telugu, Tamil, Kannada and Hindi. He has won 3 Andhra Pradesh State Nandi Awards.

About the Award: The award is popularly referred to as ‘Andhra Jnanpith’. It carries a cash prize of Rs 2 lakh. The award is given annually to an eminent Telugu writer or poet or a person credited with service for the cause of Telugu literature.

Daily GK Update- 9th Sep, 2022

NATIONAL UPDATES:

 

1. GoI announces to rename the Rajpath as Kartavya Path: The government of India has announced to change the name of Rajpath and Central Vista lawns into Kartavya Path. The decision is said to shed remnants of the British colony in India. The decision came after a special meeting on September 7, convened with the aim of renaming the Rajpath and Central Vista lawns.  Earlier, the Modi government had changed the name of the road on which the Prime Minister’s residence is, from Race Course Road to Lok Kalyan Marg.

About the Kartavya Path: Kartavya Path includes the Entire Avenue and area from the Netaji Statue to the Rashtrapati Bhavan. The route runs from Rashtrapati Bhavan on Raisina Hill through Vijay Chowk and India Gate to National Stadium in Delhi. The decision comes after Prime Minister Narendra Modi’s address to the nation on Independence Day where he stressed the factors leading to the abolition of symbols and signs relating to the colonial mindset. Central Vista Avenue:

a)      Central Vista Avenue is part of the government’s ambitious Central Vista redevelopment project. Central Vista Avenue is ready for inauguration after the completion of construction work on both sides of the Rajpath.

b)      The Central Vista redevelopment project includes a new triangular Parliament building, a common Central Secretariat, rejuvenation of the three-kilometre Rajpath, new Prime Minister’s residence and offices and a new Vice President’s Enclave.

c)       Central Vista Avenue along Rajpath will have state-wise food stalls, red granite walkways with greenery all around, vending zones, parking lots and round-the-clock security, but people will miss just one thing Man Singh from India Gate.

 

2. Uttarakhand Govt launched ‘Samarth’ e-governance portal: The Uttarakhand education department launched an e-governance portal “Samarth”. This portal provides all administrative and educational updates including information about entrance exams, salary structures, and appointments from five state universities and 140 public schools. The initiative has been taken in a bid to make the education system more transparent in the state. About the portal:

a)      The portal also provides access to 40 academic study modules.

b)      200 assistant professors of science subjects will be sent to the Indian Institute of Science, Bengaluru for special training, while teachers of state universities will be given training at IIM Kashipur.

c)       The new education policy (NEP-2020) will be also implemented in the state from this session in September.

d)      In addition, to provide quality education to students, a teacher-sharing format that will connect multiple private and government schools across the country will also be introduced soon.

Note: Uttarakhand Chief Minister: Pushkar Singh Dhami; Uttarakhand Capitals: Dehradun (Winter), Gairsain (Summer); Uttarakhand Governor:  Lt Gen Gurmit Singh.

 

3. PM Narendra Modi announced PM-SHRI Scheme for upgrading 14500 school: Prime Minister Narendra Modi has announced a new initiative, the development and upgradation of 14 thousand 500 schools across the country under the Pradhan Mantri Schools For Rising India (PM-SHRI) Yojana. PM-SHRI schools will become model schools which will encapsulate the full spirit of the National Education Policy. The centrally sponsored scheme will be implemented by strengthening existing schools selected from amongst those managed by the Central government, states, Union Territories and local bodies. The aim of these schools will not only be qualitative teaching, learning and cognitive development but also to create holistic and well-rounded individuals equipped with key 21st-century skills. About the scheme:

a)      The PM-SHRI schools will have a modern, transformational and holistic method of imparting education. The PM-SHRI schools will further benefit lakhs of students across the country in the spirit of the National Education Policy.

b)      The PM-SHRI schools will have a modern, transformational and holistic method of imparting education. Emphasis will be on a discovery-oriented, learning-centric way of teaching. The focus will also be on modern infra including the latest technology, smart classrooms, sports and more. The National Education Policy has transformed the education sector in the recent years.

 

4. CCRAS ‘SPARK’ Program to Support Innovative Research in Ayurveda: The Central Council for Research in Ayurvedic Sciences (CCRAS) takes a unique initiative to support the research efforts of the upcoming bright mind of India. CCRAS has developed the Studentship Program for Ayurveda Research Ken (SPARK) for Ayurveda students (BAMS) in recognized Ayurveda colleges. Key Points:

a)      SPARK Program has been developed by the CCRAS to support the young minds of the students and to promote the culture of evidence-based scientific research in the field of Ayurveda.

b)      SPARK Program will help the students to develop an acumen for research and to support their research ideas.

c)       SPARK Program aims to support the research ideas of the young upcoming students across all the Ayurveda colleges in India.

d)      The application process for the SPARK Program will be done online mode.

e)      The selected students will be offered financial support of Rs. 50,000 under this fellowship.

 

5. IAD technology successfully used by ISRO to land payloads on Mars and Venus: The Inflatable Aerodynamic Decelerator (IAD), which ISRO says is a game-changer with numerous implications for future missions including to Mars and Venus, was successfully tested. Vikram Sarabhai Space Centre (VSSC), an ISRO division, successfully test-flew an IAD from Thumba Equatorial Rocket Launching Station on a “Rohini” sounding rocket (TERLS). Key Points:

a)      Scientists from India and beyond, as well as ISRO, frequently employ Rohini sounding rockets to fly demonstrations of new technologies.

b)      Along with the IAD, new components including a micro video imaging system that recorded the IAD’s bloom and flight, a small software defined radio telemetry transmitter, a MEMS (Micro-electromechanical systems)-based acoustic sensor, and a variety of new methodologies were all successfully flight tested. About IAD technology:

a)      The IAD was first folded and stowed in the rocket’s cargo bay, according to the Indian Space Research Organisation, which has its headquarters in Bengaluru (ISRO).

b)      The IAD was inflated at an altitude of around 84 km, and the sounding rocket’s cargo dropped through the atmosphere on it.

c)       The Liquid Propulsion Systems Centre (LPSC) of ISRO designed the pneumatic inflation mechanism.

d)      The IAD has consistently decreased the payload’s velocity through aerodynamic drag while maintaining the expected trajectory.

Note: ISRO Chairman: S Somanath; Founder of ISRO: Vikram Sarabhai; ISRO founded year: August 15, 1969

 

6. A book titled ‘Divorce and Democracy: A History of Personal Law in Post-Independence India’ by Saumya Saxena: A new book on divorce laws and various religions in the post-colonial era was released at the India International Centre. The book ‘Divorce and Democracy: A History of Personal Law in Post-Independence India’ talks about family law, religion, and gender politics in India. The book has written by Saumya Saxena, a British Academy Fellow at the faculty of History, University of Cambridge, the book talks about the Indian state’s difficult dialogue with divorce, which reconciles largely through religion.

The essence of the book: This book captures the Indian state’s difficult dialogue with divorce, mediated largely through religion. By mapping the trajectories of marriage and divorce laws of Hindu, Muslim, and Christian communities in post-colonial India, it explores the dynamic interplay between law, religion, family, minority rights and gender in Indian politics. It demonstrates that the binary frameworks of the private-public divide, individuals versus group rights, and universal rights versus legal pluralism collapse before the peculiarities of religious personal law.

 

INTERNATIONAL UPDATES:

 

1. Europe Heading for Recession as Inflation Crisis Deepens: The euro zone is almost certainly entering a recession, with surveys showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While there was some easing of price pressures, according to the surveys, they remained high. The European Central Bank is under pressure as inflation is running at more than four times its 2% target, reaching a record 9.1% last month. Key Points:

The ECB faces the prospect of raising interest rates aggressively just as the economy enters a downturn. A rise in borrowing costs would add to the woes of indebted consumers. 

The euro dropped below 99 US cents for the first time in 20 years after Russia said gas supply down its main pipeline to Europe would stay shut indefinitely. Gas prices on the continent soared as much as 30%, stoking fears of shortages and reinforcing expectations for a recession and a bitter winter as businesses and households are battered by sky-high energy prices.

S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a guide to economic health, fell to an 18-month low of 48.9 in August from July’s 49.9, below a preliminary 49.2 estimate. Anything below 50 indicates contraction.

 

2. International Day to Protect Education from Attack: 9th September: The International Day to Protect Education from Attack is an international observance established by a unanimous decision of the United Nations General Assembly in 2020. It is observed on September 9 of each year. The purpose of the day is to raise awareness regarding the importance of safeguarding schools as places of protection and safety for students and educators and the need to keep education at the top of the public agenda.

International Day to Protect Education from Attack History: The day was established by a unanimous decision of the UN General Assembly, calling on UNESCO and UNICEF to raise awareness of the plight of millions of children living in countries affected by conflict. This day was established in 2020 and is supported by UNESCO and UNICEF, and co-sponsored by 62 countries. This day aims to raise awareness of the plight of millions of children living in war-affected countries.

Note: UNESCO headquarters: Paris, France; UNESCO Head: Audrey Azoulay; UNESCO Founded: 16 November 1945; UNICEF Executive Director: Henrietta H. Fore; UNICEF Founded: 11 December 1946; UNICEF Headquarters: New York, United States.

 

OTHER UPDATES:

 

SPORTS

 

1. IIT Madras joins Inspire Institute of Sports for innovative boxing analytics software: IIT Madras researchers and Inspire Institute of Sports in Karnataka have joined forces to create the analytics platform “Smartboxer.” To boost India’s boxing medal total at the 2024 Olympics, advanced boxing analytics software is being created. IIT Madras’ Center of Excellence for Sports Science and Analytics is responsible for creating the multi-version software. Key Points:

a)      It will use wearable sensors and cameras with Internet of Things (IoT) capabilities to deliver feedback and performance evaluations.

b)      Inspire Institute of Sport will use “Smartboxer” to evaluate the boxers’ performance (IIS).

c)       The “Smartboxer” analytics platform will be modified in response to IIS’s suggestions. This will make it possible for coaches and boxers to benefit from the programme in a useful way.

d)      IIT Madras, the research involves combining IoT-based sensors and video cameras to deliver analytics regarding player performance.

 

2. Indian GM Aravindh Chithambaram wins Dubai Open chess Tournament: Grandmaster Aravindh Chithambaram wins the 22nd Dubai Open Chess Tournament with 7.5 points. While seven Indians finished in the top 10, R. Praggnanandha was in the second spot with five others. Aravindh Chithambaram and R. Praggnanandha settled for a draw in the ninth and final match, which enabled Aravind Chithambaram to finish the match with seven and a half points ahead of the rest of the field.

He remained undefeated throughout the nine rounds, winning six and drawing three matches. He won against Rinat Jumabayev, and Arjun Erigaisi. The five players that finished on seven points and in the joint second spot include R Praggnanandha, Alexander Predke, Abhijeet Gupta, Jaykumar Sammed Shete, and S P Sethuraman.

 

BANKING AND FINANCE

 

1. Tamilnad Mercantile Bank named Krishnan Sankarasubramaniam as new MD & CEO: The Tuticorin-based Tamilnad Mercantile Bank (TMB) Ltd has announced the appointment of Krishnan Sankarasubramaniam as the Managing Director and CEO with effect for three years. His appointment was approved by the Reserve Bank of India (RBI), pursuant to its letter of approval dated August 18, 2022.

Note: Tamilnad Mercantile Bank Founded: 11 May 1921; Tamilnad Mercantile Bank Headquarters: Thoothukudi, Tamil Nadu.

 

BUSINESS AND ECONOMY

 

1. CCI approves the acquisition of BillDesk by PayU Payment: The Competition Commission of India (CCI) approved the acquisition of 100 percent equity of Indiaideas.com (Billdesk) by PayU Payments. The proposed combination relates to the acquisition of 100 percent of the equity share capital of India Ideas Ltd (IIL) by PayU India. Prosus NV-backed PayU announced in August 2021, that it will buy digital payments provider Billdesk for USD 4.7 billion. About the deal:

a)      It will make it one of the biggest deals in the Indian consumer internet space. The proposed combination pertains to the acquisition of an additional 10 percent stake in Apraava by CDPQ from CPL CPEC Holding Limited.

b)      The CDPQ and CPL announced in July that they have reached an agreement for the sale of a 10 percent stake in Apraava Energy to CDPQ, making their respective stakes 50 percent in the company.

 

2. 28th Edition of Status Report on India’s External Debt 2021-22 released: Status Report on India’s External Debt 2021-22 has been announced by the External Debt Management Unit (EDMU) of the Department of Economic Affairs, Ministry of Finance. The released report is the 28th edition of the Status Report on India’s External Debt 2021-22. India’s external debt at the end of March 2021 was US$ 573.7 billion which has grown by 8.2 percent and at the end of March 2022, it has risen to US$ 620.7 billion. 53.2 percent of India’s external debt was denominated in the US dollar, and Indian rupee-denominated debt, estimated at 31.2 percent, was the second largest. The sustainability of India was better than the Low-and-Middle Income Countries (LMICs) as a group and vis-à-vis many of them individually while considering various debt vulnerability indicators.

 

3. BEL tie-up with Smiths Detection to manufacture scanning systems: Bharat Electronics Limited (BEL) has signed a Memorandum of Understanding (MoU) with Smiths Detection, a global leader in threat detection and security inspection technologies, for offering advanced, high-energy scanning systems to the Indian market. The MoU, signed for a period of five years and can be extended further by mutual consent, will leverage the high-end, technological capabilities of both firms to meet India’s domestic security needs. As per the agreement:

a)      BEL would handle front-end requirements in the market, supporting localisation of the projects while Smiths Detection would provide advanced screening technology and technological expertise for the project.

b)      Also, to facilitate ease of doing business and enhance safety, the union government has been investing in port and land border security.

c)       Moreover, the requirement for industry-leading high-energy scanning technology is being driven by Defence installations, which need to screen large volumes of vehicles and impose restricted entry at sensitive areas, as per the company.

Note: Bharat Electronics Limited (BEL) Founded: 1954; Bharat Electronics Limited (BEL) Headquarters: Bengaluru.

 

DEFENCE

 

1. Indian Army Chief Manoj Pande conferred honorary rank of Nepal Army General: Indian Army Chief General Manoj Pande was conferred the title of Honorary General of the Nepali Army by Nepal President Bidya Devi Bhandari in Kathmandu. General Pande was honoured at a special ceremony at the President’s official residence ‘Shital Niwas’ in the capital city of Nepal. He has also presented a sword and scroll during the function. On behalf of the Indian government, General Manoj Pande presented training equipment to Nepali Army, along with Light Vehicles which would augment the capabilities of Nepali Army personnel.

The history behind this process: The practice follows a seven-decade-old tradition of decorating army chiefs of each other’s countries with the honorary title. Commander-in-Chief General KM Cariappa was the first Indian Army chief to be decorated with the title in 1950. In November last year, the Chief of the Nepali Army, General Prabhu Ram Sharma was also made the Honorary General of the Indian Army by President Ram Nath Kovind at a ceremony in New Delhi.

Daily GK Update- 8th Sep, 2022

 

NATIONAL UPDATES:

 

1. Central govt female staff to get 60-day maternity leave in early child death: Special 60-day maternity leave: Central govt female staff to get a special maternity leave of 60 days. The leave will be granted in the event that a baby is lost before or during delivery, or if the infant passes away shortly after birth. A directive in this regard was issued by the Department of Personnel and Training. In accordance to the Ministry of Personnel, Public Grievances and Pensions, the decision was taken. Key Points:

a)      The decision was made, according to the Ministry of Personnel, Public Grievances and Pensions, with consideration for any potential emotional damage that could result from a stillbirth or the death of a child soon after birth, which could have a profound effect on the mother’s life.

b)      A baby born at or after week 28 of gestation may be said to have died still. Up to 28 days after delivery may be used to identify the situation for a child dying soon after birth. The time between conception and delivery is known as the gestational period.

 

2. Meghalaya CM Conrad K Sangma launched ‘Rural Backyard Piggery Scheme’: Meghalaya Chief Minister Conrad K Sangma has launched the ‘Rural Backyard Piggery Scheme’ to ensure the farmers earn a sustainable livelihood through different livestock farming activities. The Chief Minister said that the government through different welfare schemes is successfully providing income generation opportunities and economic prosperity to the farmers.

Under Rural Backyard Piggery Scheme – phase 1:

a)      The government has earmarked Rs 15.18 crore under which four high-yielding improved varieties will be distributed to 6000 families.

b)      The Meghalaya Chief Minister informed that additional Rs 25 crore will be earmarked to roll out the second phase of the programme.

c)       To make the state self-sufficient in pork, the government is implementing one of the largest piggery development programmes the ‘Meghalaya Piggery Mission’.

d)      Under this mission, zero interest loan is provided for setting up fattening and pig breeding. So far 250 piggery cooperative societies have availed loans amounting to Rs 43.67 crore.

Note: Meghalaya Capital: Shillong; Meghalaya Chief Minister: Conrad Kongkal Sangma; Meghalaya Governor: Satya Pal Malik.

 

3. UP: Bhartaul becomes First Village in State to have RO Water in Every Household: Bhartaul has become the first village in Uttar Pradesh to achieve the distinction of supplying RO water to every household. Bhartaul is located in Bithiri Chainpur block of Bareilly. It has around 7,000 people and every household is provided with clean and safe RO water. The installation of RO has been under the Adarsh Gram Panchayat initiative enabling the Village to get access to clean drinking water. Till now, four RO plants have been installed in the village and more ROs are underway. These RO plants have been connected to the main supply tanks which helps to provide clean water to every household.

 

4. Government of India approve celebrating “Hyderabad Liberation Day” all year long: Hyderabad Liberation Day: The Government of India approved annual commemoration of “Hyderabad Liberation Day” for the years 2022 to 2023. On September 17, 2022, the Ministry of Culture will organise the inaugural event for the year-long celebration of Hyderabad Liberation Day. The goal is to raise awareness of the tale of sacrifice, heroism, and resistance among the current generation in India as a whole as well as in the region under study.

Key Points:

a)      The purpose is to create awareness of the story of resistance, heroism, and sacrifice among the current generation, both in the region under examination and across India.

b)      The goal of this year-long memorial is to pay tribute to all those who gave their lives in order to liberate Samsthan and bring it under the control of the Indian Union.

c)       The Center plans to observe this day in all three states, even though Maharashtra and Karnataka already recognise it as Marathwada Liberation Day and Hyderabad-Karnataka Liberation Day, respectively.

 

5. Nation first-ever “Night Sky Sanctuary” to be set up in Ladakh: India’s first-ever ‘night sky sanctuary’ will be set up within the next three months in Hanle, Ladakh, This is a unique and first-of-its-kind initiative by the Indian government. The proposed dark sky reserve will be located at Hanle, Ladakh, and will boost astro-tourism in India, according to a statement released by the Union Ministry of Science and Technology.

About the Night Sky Sanctuary: The night sky sanctuary will be set up as part of the Changthang Wildlife Sanctuary, the world’s second-largest nature reserve. The new project will be one of the world’s highest-located sites for optical, infrared, and gamma-ray telescopes. It will boost Astro tourism in India and will be one of the world’s highest-located sites for optical, infrared, and gamma-ray telescopes.

 

6. Secretry General Lok Sabha Utpal Kumar Singh gets charge of Sansad TV: Rajya Sabha Chairman and Lok Sabha Speaker jointly decided that Utpal Kumar Singh, currently holding the post of Secretary General Lok Sabha, will additionally charge the functions of CEO Sansad TV. Ravi Capoor has been relieved of his duties as the Chief executive officer (CEO) of Sansad TV. Sansad TV was launched in September 2021 after merging the Lok Sabha TV and Rajya Sabha TV channels. The 24-hour channel, through its content, showcases the democratic ethos and the functioning of democratic institutions of the country with an aim to target national and international audiences.

 

7. Captain B K Tyagi as the new CMD of Shipping Corporation of India: The Appointments Committee of the Cabinet (ACC) has signed off on the proposal to appoint Captain Binesh Kumar Tyagi as the new chairman and managing director of Shipping Corporation of India Ltd (SCI). The appointment is for five years from the date of assumption of charge of the post, or till the date of his superannuation, or until further orders, whichever is the earliest, according to an office order issued by the Department of Personnel and Training. Captain Tyagi is currently the director looking after the liner and passenger services division at SCI which is in the process of being privatised by the government.

Note: Shipping Corporation of India Ltd Headquarters: Mumbai; Shipping Corporation of India Ltd Founded: 2 October 1961, Mumbai.

 

INTERNATIONAL UPDATES:

 

1. Rishi Sunak lost to Liz Truss, who takes over as UK’s new Prime Minister: UK’s new Prime Minister (PM): Liz Truss was elected as the leader of the ruling Conservative Party and the country’s next prime minister. Liz Truss is now the third woman to be elected prime minister of the United Kingdom. By more than 20,000 votes, Liz Truss defeated Rishi Sunak, who is of Indian descent. She has held the positions of Minister for Women and Equalities since 2019 and Secretary of State for Foreign, Commonwealth, and Development Affairs since 2021.

Key Points:

a)      According to a YouGov poll, Liz had a 62% early advantage over Rishi in the first round between July 20 and July 21, which grew to 69% from July 29 to August 2, and then stabilised at 66% until August 17.

b)      Rishi’s popularity oddly declined from a peak of 41% in Q3 2020 to 26% in Q1 2022. While Liz’s popularity increased from 13% to 21% within the same period, Rishi’s popularity graph stayed lower overall.

c)       In the UK prime minister election, Rishi Sunak was running against Liz Truss and came short of 20,927 votes to take second place.

d)      With 81,326 votes, Liz Truss won the presidency, whereas Rishi received 60,399 votes.

 

2. International Literacy Day: 8th September: International Literacy Day (ILD) is celebrated on 8 September every year all across the globe to make people aware of the meaning and importance of literacy for individuals and societies. The day spread awareness about the importance of literacy for individuals, communities, and societies and the need for intensified efforts towards more literate societies. This year’s International Literacy Day will be celebrated worldwide under the theme, “Transforming Literacy Learning Spaces” and will be an opportunity to rethink the fundamental importance of literacy learning spaces to build resilience and ensure quality, equitable, and inclusive education for all.

International Literacy Day History: The 14th session of UNESCO’s General Conference on October 26, 1966, declared September 8 as International Literacy Day. And since 1967, celebrations have taken place annually around the world on this day to spread awareness about the importance of literacy to individuals, society, and communities.

Note: UNESCO Founded: 16 November 1945; UNESCO Headquarters: Paris, France; UNESCO Members: 193 countries; UNESCO Head: Audrey Azoulay.

 

OTHER UPDATES:

 

SPORTS

 

1. F1 GP-2022: Max Verstappen won Dutch F1 Grand Prix 2022: Red Bull’s driver Max Verstappen has won the Dutch Formula 1 Grand Prix 2022. Mercedes’ George Russell & Ferrari’s Charles Leclerc came at the 2nd and 3rd positions respectively. Verstappen has now won 10 of this season’s 15 races. It was his 72nd podium finish & he collected 26 points from this race. Verstappen won the Dutch GP in 2021 as well. He has now won a total of 30 races.

 

2. Mushfiqur Rahim Announces Retirement from T20 International cricket: Mushfiqur Rahim Bangladesh wicketkeeper announced his retirement from T20 international cricket. The decision came after Bangladesh faced defeat in Asia Cup 2022 match against Sri Lanka. He announced retirement from the short-format game, and he would continue to play one-day international and test cricket.

In the previous Asia Cup 2022 match against Sri Lanka, Rahim dropped a catch of Kusal Mendis which became a game-changer for both teams. Sri Lanka qualified for the Super Four stage and Bangladesh was out of the Asia Cup 2022. He is one of the most senior players in Bangladesh and has played 102 innings and scored more than 1,500 runs in T20 matches. He has played 82 test innings and scored 5,235 runs and in 236 ODI’s he scored 6,774 runs. He is also the second player from Bangladesh to retire this year after Tamim Iqbal.

 

BANKING AND FINANCE

 

1. PSU banks is set to open about 300 branches in unbanked areas by December 2022: As part of the financial inclusion drive, public sector banks will open about 300 brick-and-mortar branches in the unbanked areas of various states by December 2022. These new branches will cover all remaining unbanked villages with a population of more than 3,000. A Maximum number of 95 branches will be opened in Rajasthan followed by 54 in Madhya Pradesh. The public sector banks will open 38 branches in Gujarat, 33 in Maharashtra, 32 in Jharkhand and 31 in Uttar Pradesh. Bank of Baroda will open 76 branches, while State Bank of India will establish 60 branches.

Government commitment: The government is committed to providing financial inclusiveness and support to the marginalised and socio-economically neglected classes through its various schemes, including Pradhan Mantri Jan Dhan Yojana (PMJDY). Since August 28, 2014, banks opened over 46 crore bank accounts under PMJDY, with a deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent rural or semi-urban areas as well as 56 per cent of women Jan Dhan account holders.

 

BUSINESS AND ECONOMY

 

1. India To Emerge As 3rd Largest Economy Of World By 2029: India is set to become the third largest economy in the world by 2029. A State Bank of India report said India will surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth. The report said that the country has undergone a large structural shift since 2014 and is now the 5th largest economy overtaking the United Kingdom. The path taken by India since 2014 reveals the country is likely to get the tag of 3rd largest economy in 2029, a movement of 7 places upwards since 2014 when India was ranked 10th, it said.

About The Report: The research report from SBI’s Economic Research Department highlighted that Gross Domestic Product (GDP) growth rate for FY23 is estimated between 6.7-7.7 per cent, but it is normal to have a 6-6.5 per cent growth due to global uncertainties.

 

2. Unemployment Rate Falls From 7.6 % in April to June this Year: PLFS: The unemployment rate in India for people aged 15 years and above in urban areas declined to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago, the National Statistical Office (NSO). In April-June 2021, the joblessness was high in the country mainly due to the staggering impact of Covid-related restrictions. The latest data underlined a decline in unemployment rate amid improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic. What Periodic Labour Force Survey (PLFS) Showed:

a)      In January-March 2022, the unemployment rate in India for persons aged 15 years and above was 8.2 per cent in urban areas, the 15th Periodic Labour Force Survey (PLFS) showed.

b)      Apart from this, the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.5 per cent in April-June, 2022 from 14.3 per cent a year ago, the data showed. It was 10.1 per cent in January-March, 2022.

c)       According to the data, the unemployment rate among males (aged 15 years and above) in urban areas dipped to 7.1 per cent in April-June 2022 compared to 12.2 per cent a year ago. It was 7.7 per cent in January-March 2022.

 

AWARDS AND HONOURS

 

1. President Droupadi Murmu confers National Awards to distinguished teachers: On the occasion of Teachers Day, President Droupadi Murmu has honoured 45 selected teachers from across the country with National Awards at Vigyan Bhawan New Delhi. The Union Ministry of Education, Department of School Education & Literacy constituted an Independent Jury at National Level to bestow the National Award to Teachers (NAT) for the year 2022. Sh. Sidharth made it to the list of 45 outstanding teachers from all over India selected after 3-stage rigorous online transparent process.

Among the awarded teachers:

a)      Yudhveer, Virender Kumar and Amit Kumar (Himachal Pradesh); Harpreet Singh, Arun Kumar Garg and Vandana Shahi (Punjab); Shashikant Sambhajirao Kulthe, Somnath Waman Walke and Kavita Sanghvi (Maharashtra); Kandala Ramaiah, T N Sridhar and Sunitha Rao (Telangana)

b)      Pradeep Negi and Kaustubh Chandra Joshi (Uttarakhand), Sunita and Durga Ram Muwal (Rajasthan), Neeraj Saxena and Om Prakash Patidar (Madhya Pradesh), Saurabh Suman and Nishi Kumari (Bihar), G Ponsankari and Umesh TP (Karnataka), Mala Jigdal Dorjee and Sidharth Yonzone (Sikkim) are among the selected teachers.

c)       The other awardees include Anju Dahiya (Haryana), Rajni Sharma (Delhi), Seema Rani (Chandigarh), Maria Murena Miranda (Goa), Umesh Bharatbhai Vala (Gujarat), Mamta Ahar (Chhattisgarh), Iswar Chandra Nayak (Odhisha), Buddhadev Dutta (West Bengal), Mimi Yhoshii (Nagaland), Nongmaithem Gautam Singh (Manipur), Ranjan Kumar Biswas (Andaman and Nicobar), among others.