CURRENT AFFAIRS SNIPPETS
13th September 2022
National
News
Right to contest elections not a fundamental right: Supreme Court
.
Observing that the
right to contest elections is neither a fundamental nor a common law right, the
Supreme Court imposed a cost of ₹1 lakh on a litigant. The litigant was seeking
to contest the Rajya Sabha polls without a proposer to propose his name.
"It (right to contest polls) is a right conferred by a statute", the
bench said.
PM Modi to unveil National Logistics Policy on Sept 17
.
The National
Logistics Policy will be released by Prime Minister Narendra Modi on September
17, Union Minister of Commerce and Industry Piyush Goyal said on Tuesday. The
policy is aimed at facilitating the seamless movement of goods across India,
the minister added. The policy's introduction was announced by the central
government during the presentation of the Union Budget 2020-21.
Punjab govt to give monthly stipend to sportspersons
.
Punjab Sports Minister
Gurmeet Singh Meet Hayer launched the Olympian Balbir Singh Senior Scholarship
Scheme, which aims to give a monthly stipend to sportspersons who bag the first
three positions in national competitions. The scheme provides a monthly stipend
of ₹8,000 for one year to senior national medal winners while the junior
national medal winners will get ₹6,000.
EC delists 86 'non-existent' unrecognised political parties
.
The Election
Commission of India on Tuesday delisted 86 Registered Unrecognised Political
Parties (RUPP) that were found to be non-existent. Further, it declared 253
RUPPs as 'inactive', noting that they've not contested a single election either
to the state general Assembly or the Parliament election 2014 and 2019. The EC
barred these parties from availing benefits of Elections Symbol Order.
National Maritime Heritage Complex to be built in Gujarat
Ministry of Ports, Shipping and Waterways is building the National Maritime
Heritage Complex at the historic Indus Valley civilization region of Lothal in
Gujarat with a total cost of 3500 crores rupees. The first-of-its-kind complex in India, this
centre will showcase India’s rich and diverse maritime heritage. The foundation
stone for the NMHC project was laid by Prime Minister Narendra Modi and the
consent for the master plan was given in March 2019.
All India Institute of Ayurveda launches 6-Weeks programme on Ayurveda Day
All India Institute of Ayurveda (AIIA), under the Ministry of Ayush, has
launched the Ayurveda Day 2022 programme.
AIIA has been chosen as the nodal agency for driving the Ministry of
Ayush’s mandate for Ayurveda Day this year. Ayurveda Day curtain raiser for the
six-week long programme (12th September-23rd October). The Ministry of AYUSH celebrates Ayurveda Day
every year on Dhanvantari Jayanti and this year it will be celebrated on 23
October. The theme for the celebration
is ‘Har Din Har Ghar Ayurveda’. This
year the Ministry is celebrating it in collaboration with all the Ministries
and departments of the Government of India so that every person of the nation
is made aware of the traditional system of medicine.
International News
US inflation eases to 8.3% in August; falls for second straight month
.
The US' consumer
price index (CPI) rose 8.3% in August 2022, data released by the US Bureau of
Labor Statistics showed. It is down from 8.5% recorded in July and 9.1%
reported in June, which was a 40-year high. Increases in the shelter, food and
medical care indices were the largest contributors to the rise in US' CPI.
Twitter shareholders approve Elon Musk's $44-billion bid to buy company
.
Twitter
shareholders on Tuesday approved Elon Musk’s $44-billion bid to buy the social
media platform. Twitter said that the measure passed based on a preliminary
count, adding that it will provide a final vote count to shareholders at a
later date. Musk in July announced that he was calling off his bid to buy the
firm.
King Charles names William and Kate as the Prince and Princess of
Wale
Britain's King Charles has bestowed the titles of Prince and Princess of Wales
on his eldest son William and daughter-in-law Kate, passing on the titles that
he and his late wife Diana previously held. Charles, who became Prince of Wales
in 1958, automatically became king on the death of his mother, Queen
Elizabeth. Delivering his first speech
to the nation since the death of his mother Queen Elizabeth, Charles said he
was proud to make his heir William the Prince of Wales, a title Charles had
held since 1958. Mr. William and Ms.
Kate, both 40, have taken on central roles within the royal family in recent
years, appearing regularly in public and increasingly taking their three young
children to events such as the queen’s Platinum Jubilee earlier this
year. Ms. Kate appreciated the history associated with the title but
would seek to create her own path as Princess of Wales.
State News
Uttar Pradesh Government to Provide a Unique Farm ID to the Farmers
Uttar Pradesh government will provide a Unique Farm ID to the farmers, which
will be linked to Aadhar to provide them with all benefits of government
schemes. The Unique Farm ID will be similar to the Aadhar card. The government is planning to use Aadhar
verification to implement the Unique Farm ID card scheme for the farmers. During the workshop regarding the Unique Farm
ID card scheme, the Government wants to initiate and spread the use of Aadhar in
more simpler terms. Aadhar will be used
to make the use of the Unique Farm ID cards more easily. UP government wants to
provide all benefits of the government schemes to the farmers and reach up to
the maximum number. The Chief Secretary
Durga Shankar Mishra said that the state has saved 8400 crore rupees with the
use of Aadhar verification. Through
Aadhar verification more than one crore of school children are benefited from
various schemes.
Gujarat CM Bhupendra Patel announces first-ever Cinematic Tourism Policy
2022-2027
Gujarat Chief Minister, Bhupendra Patel has announced Gujarat’s first-ever
‘Cinematic Tourism Policy’ in the presence of dignitaries including actor Ajay
Devgan, and State Government Minister Shri. Purnesh Modi and Shri Arvind Raiyani. This new policy will create viable
opportunities for film production in Gujarat and also provide employment
opportunities to local people. There are many places in Gujarat like the White
Desert of Kutch, Shivrajpur Beach where there are ample opportunities to become
shooting spots. Four MoUs worth Rs. 1022
crore for investments in various subjects including filmmaking, studio
infrastructure, acting schools in Gujarat were signed by some investors with
the tourism department.
Appointments News
BharatPe appoints RBI ex-Dy Guv Kanungo & Zomato Chairman Dutta to
board
.
Financial services
platform BharatPe has appointed former Reserve Bank of India (RBI) Deputy
Governor BP Kanungo and Zomato Chairman Kaushik Dutta as independent directors
to its board of directors. BharatPe CEO Suhail Sameer said that the company
plans to go public in the next 2-3 years. Last month, BharatPe appointed former
finance head of SBI Cards, Nalin Negi, as CFO.
American Express Banking Corp India named Sanjay Khanna as new CEO
American Express Banking Corp India has appointed Sanjay Khanna as its chief
executive officer (CEO) and country manager. At present, Khanna heads the
country executive team and is responsible for driving growth across the
organisation’s consumer and commercial businesses. In his new role, Khanna will be leading
several business development initiatives for American Express, while steering
collaboration across its diverse businesses in India, adding his position will
be key to strengthening the company’s strategic focus in the country.
Economy News
Per Capita Government Spending on Healthcare Increases by 74% Since
2013-14
The per capita government spending on healthcare has increased by 74 per cent
since 2013-14. As per National Health Accounts Estimates India 2018-19, the per
capita government spending in 2013-14 was one thousand forty-two rupees, which
has increased to one thousand eight hundred and fifteen rupees. It said, government's share in the overall
spending on health in the country is increasing steadily. The government’s
share in current health expenditure has increased from 23.2 per cent in 2013-14
to 34.5 per cent in 2018-19.
RBI Sells $13 billion in August to Hold Rupee at 80
India's foreign exchange reserves slumped by over $2 billion in the week ending
August 12, as the Reserve Bank of India intervened to shore up the rupee and
keep the currency below 80 per dollar.
That is an effort the Indian central bank has said was essential, and it
would do whatever it takes to maintain the rupee's stability, limiting any wild
swings despite extremely volatile currency markets. The RBI's weekly statistical supplement data
showed that the country's forex reserves slumped to $570.74 billion in the week
ending August 12, down by $2.238 billion from $572.978 billion in the previous
week. The magnitude of that fall in the latest week was the largest in a month,
and the country's import cover dipped for the second week.
Retail Inflation Resurges To 7% As Food Prices Increases
Price pressures returned to the Indian economy in August, with retail inflation
quickening to 7% after cooling to a five-month low in July. The increase, led by food prices, makes it
the eighth month that retail inflation has stayed above the central bank’s
upper tolerance limit of 6%, strengthening the case for continued monetary
tightening. Retail inflation in July had
cooled to 6.7%, and a poll of 22 economists estimated August inflation at 6.9%.
The Reserve Bank of India has projected Consumer Price Index (CPI) based
inflation for 2022-23 at 6.7%. Inflation is expected to remain elevated over
the next couple of months due to last year’s low base, even as easing energy
and commodity prices globally would help cool inflationary pressures.
Banking .AND BUSINESS
Bajaj Holdings announces interim dividend of ₹110 per equity share
.
Bajaj Holdings
& Investment Ltd has said that its board has approved an interim dividend
of ₹110 per equity share of the face value of ₹10 for the financial year ending
March 31, 2023. "The record date for the purpose of determining the
members eligible to receive the interim dividend has been fixed as Friday,
September 23, 2022," it added Currently its share price is Rs.6600. +
HDFC Bank issues India's first Electronic Bank Guarantee
HDFC Bank, India’s largest private sector bank, became the first bank in the
country to issue an Electronic Bank Guarantee (e-BG) in partnership with
National E-Governance Services Limited (NeSL).
The paper-based, time-consuming process has been eliminated with the new
electronic bank guarantees that can be processed, stamped, verified and
delivered instantly with enhanced security. This is a transformational change,
and the Bank will migrate to e-BG to benefit all its customers. Paper-based bank guarantees takes 3-5 days to
complete the process of physical pick up from the bank, courier to the
beneficiary, stamp it and re-verify it. Besides, there was no central
repository for bank guarantees until now.
Bringing inefficiency of time, eBG offers enhanced security. Physical
stamping has been eliminated and replaced with eStamping and with eBG, the
applicant and beneficiary can instantly view a bank guarantee on the NeSL
portal.
Bonds help the Bank of Maharashtra raise $710 million
Bank of Maharashtra raise $710 million: The government-owned Bank of
Maharashtra (BoM) reported raising Rs 710 crore through bonds to finance
company expansion. According to a
statement from the bank, the money was raised through Basel III compliant
Additional Tier 1 (AT1) bonds for Rs 710 crore (including Rs 610 crore for the
green shoe option) at a coupon rate of 8.74 percent. When compared to the base issue size of Rs
100 crore, the issue received a ten-fold increase in subscription from
investors. The bank's business growth
will be supported by the money raised through the AT1 bonds.
The AT1 instrument has a five-year call option and is eternal in nature.
Summits and Conferences News
Cyber Crime Investigation and Intelligence Summit 2022
Cyber Crime Investigation and Intelligence Summit 2022: The 4th Cyber Crime
Investigation and Intelligence Summit-2022 is being organised by the Madhya
Pradesh Police to improve the knowledge and abilities of police sub-inspectors
and senior investigating officers in order to effectively prevent
cybercrimes. Yogesh Deshmukh, Additional
Director General of Police, State Cyber Police Headquarters, stated during the
summit's curtain-raiser ceremony that more than 6000 people had registered to
attend. The largest knowledge-sharing,
thought-leadership, and cybercrime investigation and intelligence summit (CIIS
2022) in India was organised by the Madhya Pradesh Police through the State
Cyber Police and Parimal Labs from September 12 to 22, 2022, in collaboration
with Softclicks Foundation, Cleartel Technology, and UNICEF.
Awards
News
SIIMA Awards 2022: Check the complete list of winners
The biggest award, South Indian International Movie Awards 2022 (SIIMA) was
held in Bengaluru, Karnataka. Several
biggies from the South including Allu Arjun, Silambarasan TR, Pooja Hegde,
Vijay Deverakonda, Kamal Haasan, and many others graced their presence at the
award night. The awardees of Telugu and Kannada films were announced. From Allu
Arjun, Ranveer Singh to Yash, many won big at SIIMA.
Jal Shakti Ministry Announces Winners of ‘Water Heroes: Share Your
Stories Contest’
The Department of Water Resources, River Development and Ganga Rejuvenation,
Ministry of Jal Shakti launched the 'Water Heroes: Share Your Stories' contest.
The third edition of the 'Water Heroes: Share Your Stories' contest was
launched on 1st December 2021 and it will end on 30th November 2022 on MyGov
Portal. The first edition was launched
from 1st September 2019 to 30th August 2020 and the second edition of the
'Water Heroes: Share Your Stories' contest was launched from 19th September
2020 to 31st August 2021. For August, the six winners of the 'Water Heroes:
Share Your Stories' contest will get a ₹10,000 cash prize and a certificate.
Sports News
Sikkim to host 3 Ranji Trophy matches for the first time
Sikkim will host three Ranji trophy matches for the first time in December. The
state will welcome three northeast teams: Mizoram, Manipur and Arunachal
Pradesh, at the Mining Cricket Ground near Rangpo. The BCCI’s decision to allow Sikkim to host
three of its Ranji matches at home will act as a game-changer in cricket’s
promotion in Sikkim. Along with Ranji Trophy matches, Sikkim will also play two
Cooch Behar Trophy matches, and three Col CK Nayudu Trophy matches at
Mining. The Cooch Behar Trophy match on
November 12 against Assam will be the first major domestic match in Sikkim.
After two back-to-back multi-day men’s under-19 matches, cricket fans in the
state will enjoy a Ranji Trophy match in Sikkim for the first time on December
13, when the senior men’s team take on Manipur in the 2022-23 Ranji Trophy
opener.
Max Verstappen denies Charles Leclerc in Monza for fifth straight victory
Max Verstappen won the Formula One Italian Grand Prix. Max Verstappen claimed
his first win or podium finish, at Monza after fighting from seventh on the
grid to beat Charles Leclerc over the line.
He is 116 points ahead of Charles Leclerc in the driver standings after
winning a race whose final six laps were run with the safety car after Daniel
Riccardo slid off the track. George
Russell of Mercedes rounded off the podium, while teammate of Leclerc, Carlos
Sainz, came fourth after starting at 18th position. Seven times world champion Lewis Hamilton
also raced from the back of the Mercedes and finished in the fifth position,
while Nyck de Vries finished ninth in his F1 debut.
Obituaries News
Swami Swaroopanand Saraswati passes away at 99
Dwarka-Sharda Peeth Shankaracharya Swami Swaroopanand Saraswati has passed away
at Narsinghpur in Madhya Pradesh. He was 99 years old. He breathed his last at
the Shridham Jhoteshwar Ashram in Narsinghpur.
Swami Swaroopanand was born in Dighori village in Madhya Pradesh’s
Siwani district. He left his home at the age of 9. Later, he went to Kashi in
Uttar Pradesh, where he gained spiritual enlightenment and religious wisdom
from Swami Karpatri Maharaj.
Legendary Telugu actor Krishnam Raju passes away
Legendary Telugu Actor and former Union Minister, Krishnam Raju Garu passed
away aged 83. He was known as the 'rebel star' of Telugu cinema Garu is also
the uncle of famous Telugu actor and Bahubali star Prabhas. Raju acted in more than 180 films and was
also a recipient of five Filmfare south awards as well as three Nandi awards.
His most famous works include Jeevana Tarangalu, Krishnaveni, and Bhakta
Kannappa among others.
Former Kerala minister & Janata Dal leader NM Joseph dies aged 79
.
Former Kerala
Forest Minister NM Joseph passed away on Tuesday at the age of 79, his family
said. Joseph served as the state Forest Minister from 1987 to 1991 and also
worked as a professor of economics at the St Thomas College in Pala. He also
served as Janata Dal's national vice-president. Kerala Chief Minister Pinarayi
Vijayan condoled his demise.
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