CURRENT AFFAIRS SNIPPETS
03rd August 2022
National News
Kerala man going from Kanyakumari to Kashmir on skateboard dies in Haryana
Anas Hajas, a 31-year-old resident of Kerala who was travelling from Kanyakumari to Kashmir on a skateboard, lost his life after a speeding truck hit him in Haryana's Panchkula on Tuesday. Hajas had started his 3,511-km-long journey on May 29 to create awareness among people about skating. After completing this trip, he was planning trips to Nepal, Bhutan and Cambodia.
GoI released a commemorative postage stamp to honour Tricolour designer P Venkayya
The government of India released a special commemorative postage stamp to mark the 146th birth anniversary of Pingali Venkayya, the designer of India’s national flag. The stamp was released by Prime Minister Narendra Modi during an event “Tiranga Utsav” organised by the Ministry of Culture at Indira Gandhi Stadium, in New Delhi. The event will also display the original design of the national flag made by Pingali Venkayya. The current flag is the modified version of the first design of the flag. The Tiranga Utsav will also witness the grand launch of the “Har Ghar Tiranga” anthem and video. Venkayya, born on August 02, 1876, near Machilipatnam town in Andhra Pradesh, was a freedom fighter and a follower of Gandhian principles.
Tiranga bike rally organised by Union Culture Minister G Kishan Reddy
A Har Ghar Tiranga Bike Rally by Members of Parliament was launched in Delhi from the famed Red Fort by Vice President M. Venkaiah Naidu. The Tiranga Bike rally is organised by Union Culture Minister G Kishan Reddy. In honour of Prime Minister Narendra Modi's Har Ghar Tiranga campaign, a bike rally was held from Red Fort to Vijay Chowk. Additionally present were Union Ministers Pralhad Joshi and Piyush Goyal.
Appointments News
BharatPe appoints ex-head of SBI Card Nalin Negi as CFO
Fintech unicorn BharatPe has appointed the former head of SBI Card, Nalin Negi, as its Chief Financial Officer as the company prepares for its Initial Public Offering (IPO). In a statement, BharatPe said that Negi will be working towards making the company EBITDA positive by March 2023. Negi will be reporting to Suhail Sameer, the company's Chief Executive Officer (CEO).
Sujoy Lal Thaosen gets the additional charge of DG of ITBP
Sashastra Seema Bal's director general in New Delhi, Dr. Sujoy Lal Thaosen assumed the additional responsibility of Director General of the Indo-Tibetan Border Police. Dr. Thaosen is a Madhya Pradesh Cadre IPS Officer from the 1988 batch. Dr. Thaosen received the charge and traditional baton from IPS Sanjay Arora. The ITBP, established in 1962, patrols the Indo-Chinese border. Additionally, it is used for a number of internal security tasks, such as anti-Naxal operations in Chhattisgarh.
Banking, Business and Economy News
India’s services sector growth hits 4-month low in July
The S&P Global India Services PMI Business Activity Index fell from 59.2 in June to 55.5 in July as inflation, unfavourable weather and competitive pressures restricted demand. The index pointed to the slowest growth rate in four months. Meanwhile, the growth in sales was driven by the domestic market even as international demand saw a decline.
Kotak Mahindra Bank appoints Milind Nagnur as President and CTO
Kotak Mahindra Bank has announced the appointment of Milind Nagnur as President and Chief Technology Officer (CTO). Nagnur, who had been working at US-based Early Warning as CTO since June 2020, will be incharge of spearheading Kotak's technological transformation. Nagnur has previously worked with Wells Fargo Bank, JP Morgan Chase and Citigroup.
Which 9 Indian companies feature on 2022 Fortune Global 500 list?
As many as nine Indian companies feature on 2022 Fortune Global 500 list. LIC is ranked 98th, while Reliance Industries is ranked 104th. Other Indian companies on the list are Indian Oil, Oil and Natural Gas, SBI, Bharat Petroleum, Tata Motors, Tata Steel and Rajesh Exports. The list ranks the world's largest corporations by revenue for fiscal 2021.
GST collection for July 2022 second highest ever at Rs 1.49 lakh crore
Goods Services Tax collection has risen 28 per cent to touch the second-highest level of Rs 1.49 lakh crore in July on the back of economic recovery and steps taken to curb tax evasion. Goods and Services Tax (GST) collection stood at Rs 1,16,393 crore in the same month a year ago. GST, introduced in July 2017, touched a record high of Rs 1.68 lakh crore in April 2022. Of the Rs 1,48,995 crore GST collected in July, Central GST is Rs 25,751 crore, State GST is Rs 32,807 crore, Integrated GST is Rs 79,518 crore (including Rs 41,420 crore collected on import of goods) and cess is Rs 10,920 crore (including Rs 995 crore collected on import of goods).
RBI's Financial Inclusion Index (FI-Index) Inches Up
The Reserve Bank of India's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across parameters. RBI now publishes the index annually in July every year. The index stood at 53.9 in March last year. It was at 43.4 for the period ending March 2017, showing rapid improvement in reach of financial services over the past five years. Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.
SIDBI and SVC bank collaborate to increase loans to MSMEs
To increase the flow of loans to MSMEs, the SVC Co-operative Bank (SVC Bank) and the Small Industries Development Bank of India (SIDBI) have reached an agreement. Ashish Singhal, MD of SVC Bank, and Sanjeev Gupta, GM of SIDBI, inked the deal. For more than 115 years, SVC Bank has acted as a reliable partner for MSMEs. According to the agreement, SIDBI would grant a refinancing facility to SVC Bank in order to promote loan flow, empower MSMEs, and strengthen economic ties. The MSME sector is the backbone of the Indian economy in terms of exports, employment creation, and revenue to the exchequer.
Sports News
Saurav Ghosal becomes 1st Indian squash player to win a CWG singles medal, bags bronze
Saurav Ghosal on Wednesday created history by becoming the first-ever Indian to win a singles medal in squash in the history of CWG. The 35-year-old defeated England's James Willstrop to finish third in the men's singles event at CWG 2022. Notably, Ghosal had won silver medal in mixed doubles event at CWG 2018 in Gold Coast.
23-year-old Tulika Maan wins silver medal at CWG 2022, takes India's tally to 16 medals
Judoka Tulika Maan on Wednesday bagged a silver medal in judo at CWG 2022, taking India's medal tally at the Games to 16. The 23-year-old lost to Sarah Adlington of Scotland in the women's +78 kg category final. India have won three medals in judo at CWG 2022 so far, including one bronze and two silver medals.
Commonwealth Games 2022: Indian Team bags gold in Lawn Bowl
India's lawn bowls women's fours team made history by winning the gold medal at the Commonwealth Games 2022. This was the country's first medal in the lawn bowls event and the team, made of skipper Rupa Rani Tirkey, Lovely Choubey, Pinki and Nayanmoni Saikia, ended up winning the title itself after beating 2018 silver medallists South Africa. The Indian team won against South Africa with a 17-10 victory.
Commonwealth Games 2022: India’s paddlers wins gold in Table Tennis
India’s paddlers retained their men’s team championship title with a convincing 3-1 win over Singapore in the Table-Tennis Final of the Commonwealth Games 2022. For India, Harmeet Desai and G Sathiyan gave India a great start by registering a win in the doubles match. However, Chew Zhe Yu Clarence won the next game to level Singapore at 1-1. But G Sathiyan and Harmeet Desai ensured India’s gold by winning their respective matches.
Commonwealth Games 2022: Indian badminton team claimed the silver medal
Indian badminton team claimed the silver medal in the mixed group match of the Commonwealth Games 2022. Indian badminton mixed team suffered a 1-3 defeat against Malaysia and had to settle for silver. Only PV Sindhu managed to earn a win in the summit clash against Malaysia in the women’s singles match. In the first match of the tie, India’s Chirag Shetty and Satwiksairaj Rankireddy were locked in a tough first game against Malaysia’s Teng Fong Aaron Chia and Wooi Yik. In the second match of the tie, PV Sindhu took on Jin Wei Goh. The opening game of the match saw the double Olympic medallist playing aggressively to take one game lead over Malayasia’s Jin Wei Goh by 22-20. In the third match of the tie, Kidambi Srikanth went down 19-21 against Malaysia’s Ng Tze Yong in the opening game. After the match, Malaysia took a 2-1 lead. In the fourth match of the fixture, Treesa Jolly and Gayatri Gopichand went against Muralitharan Thinaah and Koong Le Pearly Tan. Indian pair lost the first game 18-21. The Malaysian pair won the second game 21-17 to clinch the gold medal in Games 2022.
4th ONGC Para Games 2022 inaugurated by Shri Hardeep Singh Puri
The fourth edition of the ONGC Para Games was officially launched in New Delhi's Thyagaraj Sports Complex by Union Minister of Petroleum, Natural Gas, Housing, and Urban Affairs Shri Hardeep Singh Puri. The 4th ONGC Para Games are being held by Oil and Natural Gas Corporation Limited (ONGC) from August 2-4, 2022, and feature 275 Persons with Disabilities (PwD) who work for eight central oil and gas public organisations.
Commonwealth Games 2022: Lovepreet Singh clinches bronze medal in men's weightlifting
Lovepreet Singh has won bronze in the men’s 109kg weightlifting final with a total lift of 355kg, taking India's medal tally in the Commonwealth Games 2022. Cameroon's Junior has taken the lead with a total lift of 361kg. Samoa's Jack Opeloge is second with a total lift of 358kg. Lovepreet Singh is third with a total lift of 355kg. Australia's Jackson is the last man standing, trying to win a bronze. The Indian weightlifting contingent has now won a total of 9 medals.
Science and Technology News
Jio getting ready to launch World’s Most Advanced 5G Network across India
Reliance Jio, owned by billionaire Mukesh Ambani, became the highest bidder for 5G spectrum, paying Rs 88,078 crore to buy over half of the airwaves offered in the most recent auction. The Adani group paid Rs 212 crore for 400 MHz, or less than 1% of all spectrum sold, according to Telecom Minister Ashwini Vaishnaw. Jio has also acquired the 700 MHz band. While Jio purchased spectrum across several bands, including the coveted 700 MHz band, which can provide 6-10 km of signal range and serves as a good foundation for fifth generation (5G) in all 22 circles in the country. Adani Group purchased spectrum in the 26 GHz band, which is not for public networks. If 700 Mhz is used, a single towner can cover a larger area.
Books and Authors News
A book titled “Lion Of The Skies: Hardit Singh Malik” by Stephen Barker
A book titled “Lion of the Skies: Hardit Singh Malik, the Royal Air Force and the First World War” is all about an “India’s first fighter pilot” who participated in the World War, long before the Indian Air Force was born. The book has been written by author Stephen Barker, who describes in great detail, how challenging it was for an Indian to serve in the British armed forces, fighting racial discrimination – both institutional and interpersonal.
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