Daily GK Update- 2nd Aug, 2022

NATIONAL UPDATES:

 

1. Kerala leads in hosting legislative sessions in 2021: Kerala, which dropped to eighth place in terms of convening Assembly sessions during the initial COVID-19 pandemic in 2020, regained first place in 2021 with the nation’s longest House session at 61 days. The PRS Legislative Research, a think tank with its headquarters in New Delhi, published the research on the operation of State Assemblies for 2021. Key Points:

a)      The guidelines for how legislatures should operate were set forth by the National Commission to Review the Working of the Constitution (2000–2002), which was presided over by former Chief Justice of India M.N. Venkatachaliah.

b)      The Houses of State/UT legislatures should convene for at least 50 days a year for those with fewer than 70 members, like Puducherry, and at least 90 days for those with more members.

c)       The Presiding Officers’ Conference, which took place in Gandhinagar in January 2016, recommended that State legislatures meet for at least 60 days per year.

d)      The PRS notes that 23 State Assemblies met for an average of 25 days between 2016 and 2021.

Other Important Highlights of the Report:

a)      Karnataka came in second with 40 sitting days, followed by Tamil Nadu with 34, and Odisha with 43.

b)      The average number of State legislature sessions would have been far less than the current figure of 21 days if not for the top three States.

c)       17 of the 28 State Assemblies and the assembly of one Union Territory convened for fewer than 20 days.

d)      Five of them (Andhra Pradesh, Nagaland, Sikkim, Tripura, and Delhi) convened for fewer than ten days.

e)      17, 16, and 11 were the numbers for Uttar Pradesh, Manipur, and Punjab, respectively.

 

2. WB to form 7 new districts, making a total of 30 districts: The Mamata Banerjee-led West Bengal government has chosen to create seven new districts in the state in an effort to streamline administrative procedures. With this, there are currently 30 districts in West Bengal as a whole. There used to be 23 districts in Bengal, but the number will become 30. Sunderban, Ichhemati, Ranaghat, Bishnupur, Jangipur, Behrampur, and one more district would be named in Basirhat are among the seven new districts, according to West Bengal Chief Minister Mamata Banerjee.

Note: Capital of West Bengal: Kolkata; Chief Minister of West Bengal: Mamta Banerjee

 

3. Satyendra Prakash assume charges as new Principal DG, Press Information Bureau: Senior Indian Information Service officer, Satyendra Prakash has been appointed as the Principal Director General of the Press Information Bureau (PIB). A 1988 batch Indian Information Service (IIS) officer, Prakash, the Principal Director General of the Central Bureau of Communication, will succeed Jaideep Bhatnagar, who superannuated.

Another appointment: Manish Desai, Director General of the West zone of the PIB, will succeed Satyendra Prakash in the Central Bureau of Communication. A 1989 batch IIS officer, Desai has worked in various media units of the Ministry of I&B, like DAVP, AIR News, Prasar Bharati, and the Indian Institute of Mass Communication.

Note: The Press Information Bureau was established in June 1919.

 

4. Kargil War: Point 5140 at Dras in Kargil sector named as Gun Hill: Indian Armed Forces and pay tribute to the supreme sacrifice of the Gunners in “Operation Vijay”, Point 5140 at Dras in the Kargil sector has been christened as Gun Hill. Regiment of Artillery of the Indian Army, with lethal and accurate firepower, was able to have a telling effect on the enemy troops and their defences including Point 5140, which was the key factor in the early completion of operations.

The ceremony was conducted in the presence of Veterans from all Artillery Regiments, which got the honour title “KARGIL” in Operation Vijay. Serving Officers of the Gunner fraternity were also present on the occasion. On July 26, 1999, the Indian Army announced the successful culmination of ‘Operation Vijay’, declaring victory after a nearly three-month-long battle with Pakistani troops on the icy heights of Kargil in Ladakh.

 

INTERNATIONAL UPDATES:

 

1. Zimbabwe launched gold coins as legal tender to tackle inflation: Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. The unprecedented move was announced by the country’s central bank, the Reserve Bank of Zimbabwe, to boost confidence in the local currency. The coin is called ‘Mosi-oa-Tunya’ which refers to Victoria Falls in the local Tonga language. The coins will have liquid asset status so that they could be easily converted to cash and locally and internationally tradable. The cost of one coin was $1,824 at the time of launch.

 

2. Indian Women Savitri Jindal replaces China’s Yang Huiyan to become Asia’s Richest Woman: Savitri Jindal, the Chairperson Emeritus of OP Jindal Group, has surpassed China’s Yang Huiyan to become Asia’s richest woman, as per the real-time Bloomberg Billionaires Index. The 72-year-old Savitri Jindal who also holds the position of the richest woman in India has a total fortune of $11.3 billion. Jindal’s net worth has fluctuated wildly in recent years. It fell to $3.2 billion in April 2020 at the start of the Covid-19 pandemic, then to $15.6 billion in April 2022 due to a rise in commodity prices following Russia’s invasion of Ukraine. Key points:

a)      The fortune of Yang Huiyan, owner of China’s largest real estate developer ‘Country Garden Holdings’, dropped by more than half in 2022, from $ 24 billion to $11 billion. She had been Asia’s richest woman for the past five years.

b)      Jindal, 72, is India’s richest woman and the 10th-richest person in the country. She became the chairwoman of the Jindal Group shortly after her husband died in a helicopter crash in 2005.

 

OTHER UPDATES:

 

SPORTS

 

1. Commonwealth Games 2022: Mirabai Chanu wins India’s first gold medal: Daughter of India, weightlifter Mirabai Chanu has won India’s first Gold Medal at the Commonwealth Games 2022 in the Women’s 49Kg weightlifting category. She aggregated a total of 201kg (88kg+113kg) to stamp her authority in the competition and achieve a Commonwealth Games record in the process. The silver went to Mauritius’ Marie Hanitra Roilya Ranaivosoa (172kg) and the bronze to Canada’s Hannah Kaminski (171 kg).

 

2. Commonwealth Games 2022: Bindiyarani Devi wins silver medal: Another Weightlifter of India, Bindyarani Devi (55kg) has clinched a silver in the women’s 55kg as India continued its medal rush at the Commonwealth Games. She lifted a total weight of 202kg (86kg+116kg). Nigeria’s Adijat Adenike Olarinoye also obliterated the Games record in snatch and total effort with an aggregate of 203kg (92kg+111kg) to win the gold medal. Local favourite Fraer Morrow finished third with a total lift of 198kg (86kg+109kg).

 

3. Commonwealth Games 2022: Jeremy Lalrinnunga wins Gold in men’s 67 kg weightlifting: India’s Jeremy Lalrinnunga has won the gold medal in men’s 67 kg category weightlifting at the 2022 Commonwealth Games. The 19-year-old Youth Olympic champion lifted a total of 300kg (140kg+160kg) to get the first position. This is the second gold for the country and fifth medal overall. Samoan weightlifter Vaipava Nevo Ioane secured a silver medal with a lift of 293 (127kg + 166kg) and Nigeria’s Edidiong Joseph Umoafia won bronze, 290kg (130kg+160kg).

 

4. Commonwealth Games 2022: Weightlifter Achinta Sheuli clinch gold medal: India’s weightlifter, Achinta Sheuli (73 Kg representative) bagged the gold medal in The Commonwealth Games 2022. The 20-year-old claimed the yellow metal with a combined effort of 313 Kilograms (143kg in snatch and 170kg in clean & jerk). India has been performing exceptionally well in weightlifting as the contingent has already bagged 6 medals in this edition.

Malaysia’s Erry Hidayat Muhammad, who gave Sheuli a tough competition, ended as the second-best lifter in the event. He had the best effort of 303kg (138kg 165kg). Canada’s Shad Darsigny was third with a total lift of 298kg (135kg 163kg).

 

5. Max Verstappen wins F1 Hungarian Grand Prix 2022: Max Verstappen (Red Bull – Netherlands) has won the Formula One (F1) 2022 Hungarian Grand Prix 2022. This is his overall 28th race win and the 10th win of the 2022 season. Lewis Hamilton (Mercedes-Great Britain) stood second and George Russell (Mercedes – Britain) came third.

 

6. England beats Germany in Women’s Euro 2022: The European Championship final saw England defeat Germany 2-1 to claim its first significant women’s soccer championship. After Germany failed to successfully clear a corner, Chloe Kelly scored the game-winning goal on a rebound in the second period of extra time. At Wembley Stadium, the score was tied 1-1 after 90 minutes thanks to goals from Germany’s Lina Magull and England’s Ella Toone. The result was decided in extra-time.

After leading her native Netherlands to victory in 2017, England coach Sarina Wiegman made history by becoming the first manager to win the Euros with two separate teams. The 87,192 spectators, a record for either a men’s or women’s Union of European Football Associations (UEFA) competition, demonstrated the expansion of women’s football in Europe since England and Germany last competed for a continental championship 13 years ago.

 

BANKING AND FINANCE

 

1. October 1 set as the card tokenization deadline by RBI: In a circular issued, the Reserve Bank of India (RBI), instructed all parties—aside from card networks and card issuers—to delete all previously stored Card-on-File (CoF) data by October 1, 2022. The RBI has granted the respite in order to facilitate a smooth transition to a different payment system. In addition, the merchant and its PA involved in the online transaction may keep the data for a maximum of T+4 days or until the settlement date, whichever comes first, aside from the card issuer and the card network.

The data needs to be erased when the transaction has been settled. Up to January 31, 2023, the acquiring banks maintain CoF data on file for use in managing any post-transaction activity. Furthermore, the RBI will take the proper action, which may include placing business limitations, if any of the parties fails to comply.

Card-on-File (CoF) Data: In the event that a card is reissued, the Card-on-File Data Inquiry is intended to give information about the merchants that cardholders may have kept their cards on file with and whether or not those merchants have received updated card information.

Note: Governor of Reserve Bank of India: Shaktikanta Das; Headquarters of Reserve Bank of India: Mumbai

 

BUSINESS AND ECONOMY

 

1. NSE and BSE approve of Zee’s merger with Sony Pictures: The BSE and NSE stock exchanges have given Zee Entertainment their approval for Zee Entertainment’s proposed merger with Sony Pictures Networks India. According to a statement by Zee Entertainment Enterprises Ltd., both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have accepted the planned merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India). The stock exchanges’ approval is a decisive and encouraging step in the merger approval process as a whole. Key Points:

a)      The clearances allow ZEEL to move forward with the general merger process’ upcoming steps. The composite plan of organisation must still receive all necessary governmental and other approvals, nevertheless.

b)      Following the conclusion of an exclusive negotiation period during which both parties engaged in reciprocal due diligence, the two media organisations had signed final agreements for the merger of ZEEL with SPNI in December of the previous year.

c)       According to the announcement, the acquisition is subject to a number of standard closing conditions, including shareholder, regulatory, and third-party clearances.

More About the Agreement:

a)      The promoter founders of ZEEL will receive a non-compete fee from Sony Pictures Entertainment Inc. as part of the arrangement.

b)      They will utilise this money to inject primary equity capital into SPNI.

c)       This would provide them the right to purchase SPNI shares, which eventually would represent roughly 2.11 percent of the combined company’s shares on a post-closing basis.

d)      Punit Goenka, the CEO of ZEEL, will serve as the combined company’s Managing Director & CEO. The Sony Group will nominate the majority of the board of directors candidates for the combined company.

Note: CEO of Sony Pictures Network: Anthony “Tony” Vinciquerra; CEO, Sony Pictures Networks India: NP Singh

 

DEFENCE

 

1. 3rd India-Vietnam Bilateral Army Exercise “Ex VINBAX 2022” begins in Haryana: The 3rd edition of Vietnam-India Bilateral Army Exercise “Ex VINBAX 2022” is conducted at Chandimandir, Haryana from August 1 to 20, 2022. The theme of Ex VINBAX 2022 is the “Employment and deployment of an Engineer Company and a Medical Team as part of United Nations Contingent for Peace Keeping Operations”. The exercise will further strengthen the bilateral relations between India and Vietnam. About the Ex VINBAX 2022:

a)      The conduct of Ex VINBAX – 2022 as a field training exercise with enhanced scope from previous editions of bilateral exercise will strengthen mutual confidence, and inter-operability and enable sharing of best practices between the Indian Army and Vietnam People’s Army.

b)      The joint exercise will also provide an opportunity to the troops of both the Contingents to learn about the social and cultural heritage of each other. Indian Army is being represented by troops from the 105 Engineer Regiment.

c)       A 48 hours Validation Exercise is part of the schedule to assess the standards achieved by both contingents while executing technical military operations under similar scenarios in UN missions.

d)      A Humanitarian Assistance & Disaster Relief demonstration and equipment display will showcase India’s capacity to undertake rescue and relief operations during natural and manmade disasters utilising indigenous solutions.

 

2. 4th India-Oman Joint Military Exercise ‘AL NAJAH-IV’ begins: The 4th Edition of India-Oman Joint Military Exercise ‘AL NAJAH-IV’ begins in Rajasthan at the Foreign Training Node of Mahajan Field Firing Ranges. The exercise takes place between contingents of the Indian Army and the Royal Army of Oman from August 01 to 13, 2022. The 3rd edition of Ex AL NAJAH IV was held at Muscat from 12 to 25 March 2019. Important points of exercise:

a)      The Indian Army will be represented by troops from the 18 Mechanised Infantry Battalion at the AL NAJAH-IV.

b)      The Royal Army of Oman contingent will be represented by the Sultan of Oman Parachute Regiment.

c)       The objective of this joint military exercise is to enhance the level of defence cooperation between the Armies of India and Oman as well as the bilateral relations between the two nations.

d)      The exercise would focus on Counter Terrorism Operations, Regional Security Operations and Peace Keeping Operations under the United Nations charter, joint physical training schedules, tactical drills, techniques and procedures.

Daily GK Update- 1st Aug, 2022

 

NATIONAL UPDATES:

 

1. PM Modi unveils Revamped Distribution Sector Program: Revamped Distribution Sector Program that is based on reforms and results was adopted by the Union Cabinet, which is presided over by Prime Minister Shri Narendra Modi. By giving DISCOMs conditional financial assistance for the bolstering of supply infrastructure, the Scheme aims to increase the operational efficacy and financial viability of all DISCOMs/Power Departments, excluding those in the private sector. The eligibility for the assistance will depend on the DISCOM completing pre-qualifying requirements and achieving basic minimum benchmarks that will be assessed using an agreed-upon evaluation system linked to financial improvements. Instead of using a one-size-fits-all approach, the implementation of the Scheme would be dependent on the action plan developed for each state. Key Points:

a)      With an expected GBS from the Central Government of Rs. 97,631 crore, the Scheme will have an outlay of Rs. 3,03,758 crore.

b)      The current approved projects for the Union Territories of J&K and Ladakh under the Schemes of IPDS, DDUGJY, and PMDP-2015 are proposed to be incorporated into this Scheme, and the savings from their GBS would be included in the total expenditure of the Revamped Distribution Sector Scheme under the current terms and conditions until their expiration on 31 March 2022.

c)       The funds under these Schemes would be accessible for the approved ongoing projects under the Prime Minister’s Development Program for the Union Territories of J&K and Ladakh under IPDS and DDUGJY as well as the identified projects under IPDS through the end of March 2023.

d)      In accordance with predetermined and agreed-upon performance trajectories, such as AT&C losses, ACS-ARR gaps, infrastructure upgrade performance, consumer services, hours of supply, corporate governance, etc., the DISCOM‘s performance is evaluated annually under the terms of the Scheme.

e)      For DISCOMs to qualify for funding under the Scheme in that year, they must receive at least 60 percent of the possible points and pass a minimum standard in relation to specific criteria.

 

2. Indian and Malaysian bodies signs deal to support palm oil business: The Malaysian Palm Oil Council (MPOC) and the Indian Vegetable Oil Producers’ Association (IVPA) have signed a memorandum of understanding (MoU) to expand their cooperation in promoting the usage of palm oil. The MoU is anticipated to increase collaboration in areas of shared interest and to advance the production and consumption of palm oil from Malaysia and palm oil with the MSPO certification. Through cooperative actions and assistance for product and market development, it would advance the interests of producers, processors, users, and consumers.

Key Points:

a)      In order to increase the acceptance of Malaysian palm oil among Indian consumers, food producers, and other end users, MPOC has partnered with IVPA.

b)      The Malaysian Sustainability Palm Oil (MSPO) certification standards, whose goals include demonstrating sustainability practises in the Malaysian palm oil industry, are used as a benchmark in the MoU’s effort to raise public awareness of Malaysian palm oil.

c)       The MoU seeks to promote understanding of palm oil and its uses while highlighting its advantages and strengths in order to inform Indian consumers about the nutritional and health benefits of palm oil.

d)      By locating, disseminating, and emphasising the most recent opportunities through MSPO for Malaysian palm oil in India, it also intends to improve trading opportunities in the market.

e)      The purpose of the agreement is to introduce the Indian palm oil processing industry to the most recent commercial and technological advancements in the Malaysian palm oil industry and its research institutions. Along with technical, policy, and administrative data, the MoU will promote data exchange on palm and edible oil and fat-related enterprises.

 

3. Amit Shah inaugurated conference on drug trafficking: Union Home Minister Amit Shah inaugurated a symposium on drug trafficking and national security. Along with Shah, other speakers at the national conference included Banwarilal Purohit, the chief ministers of Punjab, Himachal Pradesh, Haryana, the lieutenant governor of Jammu & Kashmir, and the Union Minister of Social Justice and Empowerment. Key Points:

a)      An official announcement states that Narcotics Control Bureau (NCB) teams from Delhi, Chennai, Guwahati, and Kolkata will burn and dispose of more than 30,000 kg of drugs during the conference.

b)      The NCB launched its drug disposal campaign on June 1 and has since disposed of over 51,217 kg of drugs in 11 states.

c)       On the occasion of the 75th anniversary of Independence, the NCB pledged to burn 75,000 kg of drugs as part of the Azadi ka Amrit Mahotsav celebrations.

d)      The Union Home Minister also attended a ceremony at Mauli Jagran to inaugurate three government schools.

e)      Shah attended the Har Ghar Tiranga and Azadi Ka Amrit Mahotsav celebrations at Sukhna Lake.

 

4. Sanjay Arora to join as the new Delhi Police commissioner: Sanjay Arora, a Tamil Nadu-cadre IPS officer who oversaw the paramilitary ITBP, will assume control of the Delhi Police as Delhi Police commissioner. He is scheduled to retire in 2025. Sanjay Arora was named commissioner of the Delhi Police, replacing the previous Delhi Police Commissioner Rakesh Asthana, an IPS officer from the Gujarat Cadre who retired after nearly 38 years of service.

 

5. Muslim Women’s Rights Day: 1st August: Muslim Women’s Rights Day is observed every year on the 01st of August to celebrate the enforcement of the law against the ‘Triple Talaq’ rule among Muslims. According to the Shariat or Muslim Personal Law, Muslim men were given the privilege to end their marriage anytime by uttering the word Talaq three times in a row. But the law was repealed by the Indian Government in 2019.

Muslim Women’s Rights Day History: The Central Government of India on 01 August 2019, enacted a law against the Triple Talaq according to which Instant or Triple Talaq was declared a criminal offence. The new law was welcomed by all the women in India, especially the Muslim women and since then 01 August is observed as Muslim Women’s Rights Day. This year marks the second anniversary of Muslim Women’s Rights Day in India.

 

INTERNATIONAL UPDATES:

 

1. Largest pink diamond in 300 years “Lulo Rose” found in Angola: A rare pure pink diamond, believed to be the largest found in 300 years, has been unearthed in Angola, a country in Central Africa. The Lulo Rose is a type 2a diamond, meaning it has few or no impurities. It is the fifth largest diamond recovered from the Lulo mine – a joint venture between Australia’s Lucapa Diamond Company and the Angolan government.

Dimensions of Lulo Rose: It is a 170-carat pink diamond & has been named ‘The Lulo Rose’. It weighs 34 grams. Similar diamonds have been bought for tens of millions of dollars in the past, with one – known as Pink Star – selling at a Hong Kong auction for $71.2m (£59m) in 2017.

 

2. World Lung Cancer Day: 1st August: Every year, World Lung Cancer Day is observed on 01st August to raise awareness about the causes and treatment of lung cancer and highlight the issues of lack of sufficient research funding for the ailment. Lung cancer is one of the leading causes of cancer deaths among men and women.

World Lung Cancer Day History: The campaign was first organised in 2012 by the Forum of International Respiratory Societies (FIRS), in collaboration with the International Association for the Study of Lung Cancer (IASLC) and also the American College of Chest Physicians. The IASLC is the largest organisation in the world of its kind that only deals with lung cancer.

 

3. World Breastfeeding Week: 1st to 7th August: World Breastfeeding Week is observed every year to emphasize regular breastfeeding for babies. This year breastfeeding week commences on August 1 while it concludes on August 7. Breastfeeding is extremely crucial for the healthy growth and development of an infant. It contains antibodies that aid in preventing several prevalent paediatric ailments. This year’s World Breastfeeding Week, under its theme ‘Step Up for Breastfeeding: Educate and Support.’ is a time to revisit the commitments made at the start of this year by prioritizing breastfeeding-friendly environments for mothers and babies.

World Breastfeeding Week History: The World Health Organization (WHO) and United Nations International Children’s Emergency Fund (UNICEF) created a memorandum in 1990. Following this, the World Alliance for Breastfeeding Action (WABA) was established in 1991. The inaugural World Breastfeeding Week was observed in 1992 to promote the campaign. Initially, around 70 countries used to commemorate the week, while now, it is celebrated by 170 countries.

Note: World Alliance for Breastfeeding Action Headquarters location: Penang, Malaysia; World Alliance for Breastfeeding Action Founder: Anwar Fazal; World Alliance for Breastfeeding Action Chairperson: Felicity Savage; World Alliance for Breastfeeding Action Founded: 14 February 1991.

 

OTHER UPDATES:

 

SPORTS

 

1. Commonwealth Games 2022: Weightlifter Sanket Sargar wins silver: India’s Sanket Sargar has scripted history, by becoming the first athlete from India to win a medal at Commonwealth Games 2022. He won a silver medal in the men’s 55kg event with a total of 248kg (113kg in snatch, 135 in clean and jerk) to finish behind Malaysia’s Aniq Mohamad, who took gold with a total of 249 kg (107kg in snatch, 142kg in clean and jerk).

Sanket Sagar, who set a new Commonwealth and national record at the Asian qualifiers in Singapore in February 2022 (snatch – 113kg; clean and jerk 143kg – total of 256kg), was at his best as he cleared all his 3 weights in his first attempt in snatch.

 

2. England’s Leicester Cricket Ground named after Sunil Gavaskar: England’s Leicester Cricket Ground has been named after India’s legendary cricketer, Sunil Gavaskar. The Leicester Cricket Ground, the ownership of which lies with Bharat Sports and Cricket Club, has decided to name the ground after Gavaskar to acknowledge his immense contribution to uplifting Indian Cricket to a certain height.

There has been a ground already named after Sunil Gavaskar in the Kentucky area of the United States of America (USA) and there is another ground going through its finishing touches in the Zanzibar area of the African nation Tanzania which is also named after the former Indian opener.

 

3. Formula-one champion Sebastian Vettel announces retirement: Four-time Formula One champion, Sebastian Vettel who is currently a part of Aston Martin announced his retirement. The 35-year-old German driver declared that he will retire at the end of the season. He is one of the most successful drivers in the F1 race is currently third on the list of all-time Grand Prix winners with 53 victories, trailing only Lewis Hamilton and Michael Schumacher.

The career of Sebastian Vettel: Sebastian Vettel won his first three F1 titles consecutively from the year 2010 to 2013 with Team Red Bull. His previous race win was in the year 2019 with Ferrari. In his career, Vettel has driven for BMW Sauber, Toro Rosso, Red Bull, Ferrari, and Aston Martin. He is the youngest World Champion in Formula One and has 122 podium finishes, and 57 pole positions.

 

BUSINESS AND ECONOMY

 

1. Coca-Cola signed on Neeraj Chopra for Limca Sportz promotion: Coca-Cola has signed Olympic gold medalist, Neeraj Chopra for Limca Sportz promotion. Recently, Neeraj Chopra has become the first-ever Indian to win a silver medal at World Athletics Championships with his best throw of 88.13 m. Also, Neeraj Chopra has been ruled out of the Birmingham Commonwealth Games 2022 in England due to an injury he picked up at World Athletics Championships. Coca-Cola India and its bottling partners are investing around $1 billion (around Rs 7,990 crore) to expand the production capacity by up to 40 per cent. Besides, the beverage major is also launching Limca Sportz, which comes with glucose and electrolytes.

 

2. Parle Still the leading FMCG Company in India: According to Kantar India’s annual Brand Footprint study, locally produced biscuit brand Parle continued to be the most popular brand among fast-moving consumer goods in India in 2021, topping the rankings for the eleventh year in a row.  Based on Consumer Reach Points (CRPs), the report assessed the FMCG brands that consumers will choose in 2021. CRP are evaluated based on the actual purchases made by customers and the regularity with which they occur throughout a given year. In other words, CRP gauges a brand’s mass appeal based on its penetration and how consumers feel about it based on how frequently they purchase it. Key Points:

a)      After Parle, the other top brands on the list are Amul, Britannia, Clinic Plus, and Tata Consumer Products. For a record-breaking tenth year in a row, Parle is in first place with a CRP score of 6531 (million).

b)      According to Parle, CRP increased by 14% from the prior year’s ranks. Comparing the present ranks to the same time last year, Amul‘s CRP improved by 9%, while Britannia’s increased by 14%.

c)       Haldiram‘s, a brand of packaged goods, reached the top 25 ranking at number 24 and joined the billion CRP club in the meantime. Anmol (a brand of cakes and biscuits) also joined the CRP club.

 

AWARDS AND HONOURS

 

1. DSF institutes “Dinesh Shahra Lifetime Award for Excellence” in Music: Dinesh Shahra Foundation (DSF) has taken a major stride in its efforts to promote soulful Indian music among the masses. The Foundation has instituted a first-of-its-kind ‘Dinesh Shahra Lifetime Award’ for Excellence in Music. The initiative is supported by the Indian Arts & Cultural Society. The Announcement of this novel recognition was made by Mr Dinesh Shahra, Trustee –DSF during a cultural event titled “Mausiqui’ in Mumbai recently.

 

OBITUARIES

 

1. Veteran bengali singer Nirmala Mishra passes away: Renowned Bengali singer Nirmala Mishra has passed away. She was 81. She was born in 1938 in West Bengal’s South 24 Parganas district. She sang various songs in Bengali, Odia, and Assamese films. Her melodies in the Bengali language include ‘Eamon Ekta Jhinuk’, ‘Bolo to Arshi’ and ‘Eai Banglar Mati Te’. The West Bengal government has also awarded her ‘Sangeet Samman’, ‘Sangeet Mahasamman’ and ‘Bangabhibhushan’ awards. She has been conferred with the Sangeet Sudhakar Balakrushna Das Award for her lifetime contribution to Odia music.

 

2. Former Philippine Prez Fidel Valdez Ramos passes away: Former Philippine President Fidel Valdez Ramos, has passed away due to the complications of COVID-19. He was 94. Ramos served as the 12th president of the Philippines from 1992 to 1998. He was a military officer by profession. During his tenure, the Philippines was recognized as a budding “tiger economy”. Ramos became a hero to many for defecting from Marcos’s government, in which he led the national police force, spurring the dictator’s downfall during the 1986 popular uprising against his rule. He was from a military background, and become the chief of the Philippine Constabulary and then Vice Chief-of-Staff of the Armed Forces of the Philippines during the time of President Ferdinand E Marcos Sr. 

 

 

Daily GK Update- 31st July, 2022

NATIONAL UPDATES:

 

1. Gujarat becomes first Indian state to launch semiconductor policy 2022-27: The Gujarat government has announced a dedicated ‘Gujarat Semiconductor Policy 2022-27’ with a view to generating at least 2,00,000 new employment opportunities during a period of five years. The Gujarat government has also decided to develop a “semicon city” which would be a part of the Dholera Special Investment Region. The projects approved under the Design-linked Incentive scheme of the Government of India will not be eligible for availing of the benefits under the new policy, said the state government press release. Under the new policy:

a)      The state government will provide heavy subsidies on power, land and water tariffs for entrepreneurs interested in investing in semiconductors or display fabrication manufacturing.

b)      The primary objective of the current government is to make Gujarat a forerunner in developing the Electronics System Design & Manufacturing (ESDM) ecosystem.

c)       As per reports, the Gujarat policy focuses on guiding a significant portion of investments made under these India Semiconductor Mission (ISM) policies towards Gujarat.

d)      The policy will provide additional capital assistance at 40 per cent of the capex assistance extended by the Centre for the projects approved under ISM.

e)      The semiconductor policy will provide assistance to one project each, semiconductor and display fabrication. In case of multiple applications, the State-appointed high-powered committee will make recommendations on the basis of credentials of projects.

 

2. Chhattisgarh CM launched ‘Mahtari Nyay Rath’ for women rights awareness: To educate the state’s women about their constitutional rights and laws, the Chhattisgarh Women Commission will host the Mukhyamantri Mahtari Nyay Rath Yatra. On the occasion of the Hareli Tihaar festival, Chief Minister Bhupesh Baghel will set off the “Mukhyamantri Mahtari Nyay Rath“. Through short films, messages, and booklets, the chariots will visit all of the districts to educate people about the legal protections for women and their constitutional rights.

Two attorneys will ride in each chariot, listening to women’s complaints and offering information and counsel. Through these carts, women will be able to apply to the Women’s Commission for the resolution of their complaints. Nationally recognised instructional short films in Hindi and Chhattisgarhi will be shown on a sizable LED screen. For Mahtari Nyay Rath, the state government has made specific adjustments to the DMF policy. The district will operate Nyay Rath with the DMF money it has received.

Note: Chief Minister of Chattisgarh: Bhupesh Baghel

 

3. Punjab to host the PUNJAB KHED MELA from August 29: The Punjab Sports Department will host the Punjab Khed Mela, which will feature 30 sporting activities in six age divisions for competitors between the ages of 14 and 60. The event’s goals are to find talent, create a welcoming environment for sports, and raise public awareness of health. Key Points:

a)      On August 29, National Sports Day, the Punjab Khed Mela, which will take place from the block to the state level, will officially begin. Sports Minister Gurmeet Singh Meet Hayer made this announcement in Chandigarh.

b)      Three lakh Punjabi athletes are expected to take part in the Sports Mela, according to the sports minister.

c)       Athletics, Weightlifting, Badminton, Cricket, Cycling, Shooting, Archery, Bodybuilding, Fencing, Gymnastics, Rowing, Football, Softball, Hockey, Netball, Handball, Kick Boxing, Judo, Archery, Kabaddi, Gatka, Kho-Kho, Volleyball, Lawn Tennis, Table Tennis, Boxing, Swimming, Wrestling, and Tug of War are just a few of the sports in which competitions will be held.

 

4. India’s first teaching robot, introduced by Indus International School: As part of a collaborative learning strategy at its schools, Indus International School has launched the innovative and first Teaching Robot in India, the Eagle Robot. Three of the Indus Schools have 21 Eagle Robots deployed, with seven in each of Hyderabad, Bangalore, and Pune. Eagle Robot is very interactive, personalises the experience, and emulates emotions through the digital face.

Key Points:

a)      Eagle Robot is capable of instructing kids in grades 5 through 11 both alone and in a classroom setting with a human teacher.

b)      More than 30 different languages can be used to transmit knowledge, and with the use of analytics, they can answer queries, clear up confusion, and administer an automated exam at the conclusion of the lesson.

c)       All scientific and humanities courses, including languages, are taught by eagle robots. Children can interact with the robot’s evaluation and material through mobile, tablet, or laptop devices.

d)      To raise the standard of instruction at government schools in Karnataka, Indus International School has already deployed 30 robots.

 

INTERNATIONAL UPDATES:

 

1. Pranay Kumar Verma named as new High Commissioner of India to Bangladesh: Pranay Kumar Verma, an experienced diplomat and IFS official from the 1994 batch, has been chosen to serve as India’s next High Commissioner to Bangladesh. He is currently the ambassador of India to Vietnam.

Sandeep Arya, an IFS officer from the 1994 batch, has also been named as India’s new ambassador to the Socialist Republic of Vietnam. Sandeep Arya is currently employed by the Ministry of External Affairs as an Additional Secretary.

 

2. Egypt signs $8 billion agreement with India for Suez Canal Economic Zone: Egypt and an Indian company have signed a memorandum of understanding (MoU) to construct a green hydrogen factory in the Suez Canal Economic Zone, according to a cabinet announcement.

Key Points:

a)      According to the Chairman of the renewable energy company, ReNew Power and the Egyptian government signed a preliminary deal to invest up to $8 billion to create green hydrogen there.

b)      ReNew is one of numerous Indian businesses exploring the potential of green hydrogen, which is thought to be essential for decarbonizing difficult-to-reduce heavy industries.

c)       In the upcoming years, ReNew plans to generate 2,20,000 tonnes of the clean fuel yearly in Egypt with backing from investors including the Goldman Sachs Group and the Abu Dhabi Investment Authority.

d)      To support Prime Minister Narendra Modi‘s goal of making India a global leader in this field, public sector majors and conglomerates controlled by Gautam Adani and Mukesh Ambani have committed significant investments in the green hydrogen value chain.

 

3. World Ranger Day: 31st July: World Ranger Day is observed on 31st July every year. The International Ranger Federation established this day to honour the contribution of Park Rangers to the preservation of nature. World Ranger Day offers a chance to support their vital work, which ranges from environmental campaigning to education. The day is also an opportunity to pay tribute to rangers who have lost their lives in the line of duty.

 

OTHER UPDATES:

 

SPORTS

 

1. 22nd Commonwealth Games kicks off at Birmingham, UK: The 22nd edition of the Commonwealth Games kicked off with a glitzy opening ceremony at the Alexander Stadium in Birmingham, United Kingdom. The Prince of Wales, reading out from the Queen’s letter, declares the Games open. A total of 72 teams took part in the parade into Birmingham’s Alexander Stadium. PV Sindhu and Manpreet Singh were India’s flag-bearers at the parade of the CWG opening ceremony. Key Points:

a)      A total of 54 nations are participating in this sports extravaganza and 6,500 athletes will compete in 280 medal events.

b)      The event will be held till the 8th of August.

c)       A 215-member Indian contingent, which includes 111 male players and 104 female players, will compete in 15 sporting events in Birmingham.

 

2. ICC Members List: Cambodia, Uzbekistan and Cote D’Ivoire receives membership status: The International Cricket Council has awarded membership status to three countries during the ongoing ICC Annual Conference in Birmingham. Cambodia and Uzbekistan from Asia, and Cote D’Ivoire from Africa, were all awarded Associate membership status, taking ICC’s total members to 108 countries, including 96 Associates. The two Asian teams take the total count of Asian countries to 25 while Cote D’Ivoire is the 21st country from Africa.

Major criteria to gain ICC Membership:

a)      A major criteria to gain ICC Membership is detailed in ‘Participation and domestic structures’ of Clause 2.1 (d) of the ICC Membership Criteria.

b)      This includes having in place a proper structure with minimum team requirements for 50-over and 20-over tournaments, aside from clear junior and women’s pathways.

c)       The three new countries satisfied these conditions, with the Cricket Federation of Uzbekistan’s (CFU) women’s cricket plan involving 15 teams playing organised competitions with a pathway programme for their Under-19 and Under-17 players.

 

3. Cabinet authorises signing of guarantees for FIFA Under 17 Women’s WC in India: The signing of the guarantees for hosting the FIFA Under 17 Women’s World Cup in India in 2022 has been accepted by the Union Cabinet, which is presided over by Prime Minister Narendra Modi. The FIFA U-17 Women’s World Cup 2022 is slated to take place in India from October 11 to October 30. The seventh iteration of the biennial youth competition will mark India’s first-ever hosting of a FIFA women’s championship. Key Points:

a)      The budgetary allotment for the Scheme of Aid to National Sports Federations will be used to cover the financial outlay of Rs 10 crore assistance to the All India Football Federation (AIFF) for field of play maintenance, stadium power, energy & cabling, stadium & training site branding, etc.

b)      At the moment, Spain is the FIFA Under-17 Women’s World Cup champion. The seventh iteration of the FIFA U-17 Women’s World Cup will take place in India in 2022 will include 16 nations, including India.

c)       Three locations have been suggested by the AIFF for the competition matches, Bhubaneshwar, Navi Mumbai, and Goa. The FIFA Under-17 Men’s World Cup India-2017 was successfully held in India at six different locations.

 

BUSINESS AND ECONOMY

 

1. India Received Highest Annual FDI Inflows of USD 84.8 billion In FY 21-22: India received the highest annual Foreign direct investment (FDI) inflows of almost $85 billion in FY 21-22. India is rapidly emerging as a preferred country for FDI in the manufacturing sector. FDI Equity inflow in Manufacturing Sectors have increased by 76% in FY 2021-22 ($ 21.34 billion) compared to previous FY 2020-21.

India’s Position In the World: As per the UNCTAD World Investment Report (WIR) 2022, in its analysis of the global trends in FDI inflows, India has moved to 7th rank among the top 20 host economies for 2021.

Highest FDI Contributors Country-wise: Singapore (27.01%) > USA (17.94%) > Mauritius (15.98%) > Netherland (7.86%) > Switzerland (7.31%)

Top 5 States receiving the highest FDI Equity Inflow during FY 2021-22 :

a)      Karnataka (37.55%),

b)      Maharashtra (26.26%),

c)       Delhi (13.93%),

d)      Tamil Nadu (5.10%) and

e)      Haryana (4.76%)

 

2. Talgo and Bharat Forge inks a contract for the production of trains: A joint venture to produce high-speed passenger trains has been established by BF Infrastructure Ltd., a fully owned subsidiary of Bharat Forge Ltd., and Talgo India Pvt Ltd., a fully owned subsidiary of Spanish manufacturer Patentes Talgo S.L. The cooperation will take advantage of forthcoming local requirements in the field as well as new economic prospects in the railways sector.

Key Points:

a)      The Atmanirbhar Bharat programme of the Union government is anticipated to benefit from this collaboration. It will assist in bringing cutting-edge, high-speed rail technology and solutions.

b)      The planned partnership will concentrate on establishing a hub for production, maintenance, and life cycle support for the next generation of lightweight, energy-efficient high-speed trains made of aluminium.

c)       The project comes after the Indian Railways issued a tender for the production and upkeep of 100 new generation, lightweight, and energy-efficient trains.

 

DEFENCE

 

1. INS Vikrant: Navy receives India’s first indigenous aircraft carrier: The indigenous aircraft carrier Vikrant, which was created by the Navy’s own Directorate of Naval Design and will likely be commissioned on Independence Day, was delivered to the Navy by the Cochin Shipyard. It bears the name of the Indian Naval Ship (INS) Vikrant, India’s first aircraft carrier, which was an important participant in the war of 1971. The 262-meter-long carrier is significantly larger and more modern than her predecessor, with a full displacement of around 45,000 tonnes. The aircraft carrier has a top speed of 28 knots and is propelled by four gas turbines with a combined 88 MW of power. Key Points:

a)      The project was completed in three phases, with the last one ending in May 2007, the second in December 2014, and the third in October 2019, at a total cost of just under Rs 20,000 crore. In February 2009, its keel was laid.

b)      The aircraft carrier, which has a total indigenous content of 76%, is a prime illustration of the pursuit of Aatma Nirbhar Bharat and gives the government’s Make in India initiative a boost, according to the Navy.

c)       With the delivery of Vikrant, India has joined a small group of countries with the specialised capacity to design and construct an aircraft carrier domestically.

d)      Vikrant was developed to support a variety of fixed-wing and rotary aircraft and features a high level of automation for ship navigation, machinery operation, and survivability.

e)      The ship would be able to fly a 30 aircraft air wing, including indigenously produced advanced light helicopters and light combat aircraft, Kamov-31, MH-60R multi-role helicopters, MIG-29K fighter planes, and light combat aircraft.

 

2. Two MH-60 Romeo helicopters delivered to the Indian Navy: At Cochin International Airport, the American Navy delivered two MH-60 R multipurpose helicopters to the Indian Navy. All 24 MH 60R helicopters will be delivered by the end of 2025, with the third helicopter due to arrive in August of this year. Under its Foreign Military Sales (FMS) programme, the US Department of State has authorised the sale of 24 MH-60R multi-mission helicopters to India. The potential is about USD 2.6 billion. Key Points:

a)      With the proposed sale, India will have the ability to carry out secondary tasks including vertical replenishment, search and rescue operations, and communications relay in addition to anti-surface and anti-submarine warfare operations. India will use the improved capabilities to reinforce its domestic defence and act as a deterrent to regional threats.

b)      Under its Foreign Military Sales (FMS) programme, the US had already authorised the sale of 24 MH-60R multi-mission helicopters to India in 2019. To increase the security of a significant defensive partner in the Indo-Pacific area, the approval was given.

c)       The most cutting-edge maritime multi-mission helicopter in operation right now is the MH-60R. Modern mission-capable platforms will considerably improve the Indian Navy’s overall capabilities to conduct anti-submarine warfare.

d)      In 2021, the US received the first three MH 60 ‘Romeo’ helicopters, which are now being used to educate the crew of the Indian Navy.

e)      As part of an around $15,000 crore contract with the US government and in accordance with the framework of foreign military sales, India is purchasing the helicopters. Modern avionics and sensors equip the all-weather MH-60R helicopter, made by Lockheed Martin Corporation, to handle a variety of missions.

 

 

 

 

 

 

 

 

 

 

 

DEFENCE UNICORN INSTITUTE – GANDHINAGAR | AHMEDABAD   BEST COACHING FOR: NDA | CDS | AFCAT | ACC | CAPF | CPO | COAST GUARD | DEFENCE EXAMS | COMPETITIVE EXAMS   Helpline Number # 6351299206 |Website | Facebook | Instagram | Twitter