Friday, August 5, 2022

Karnataka Bank - Federal Bank current affairs 04082022


 

CURRENT AFFAIRS SNIPPETS

04th August 2022

 

National News


'Flood tourism' will not be permitted: Kerala minister amid rains

Amid rains in Kerala, state minister K Rajan on Wednesday said that people should strictly avoid going to areas which are inundated or flooded as part of a growing trend of “flood tourism”. He warned that such activities will not be permitted and police would be used to remove such persons.


CJI NV Ramana recommends Justice UU Lalit's name as his successor

Chief Justice of India NV Ramana has recommended Justice Uday Umesh Lalit's name as his successor. Justice Lalit will become the 49th CJI. Justice Lalit, who enrolled as an Advocate in June 1983, practised in the High Court of Bombay till December 1985 and was appointed Judge of the Supreme Court of India in August 2014.
No shortage of foodgrain in country: Union Agriculture Minister

Union Agriculture Minister Narendra Singh Tomar informed the Parliament that there is no shortage of foodgrain in the country and stocks are sufficient to meet the demand. There are adequate stocks in the “central pool”, he added. "As on July 1, 2022, the actual stock of wheat is 285.10 LMT against the buffer norm of 275.80 LMT," Tomar said.


6 National Highway projects launched in MP by Union Minister 


In Indore, Madhya Pradesh, 6 National Highway projects totaling 119 km and costing Rs. 2300 crore were formally opened and the foundation stone was laid by Union Minister for Road Transport and Highways Shri Nitin Gadkari.  The villages in the Indore-Harda segment will be better connected to Indore. He stated that the expansion of the Dhar-Pithampur Industrial Corridor would result in more job opportunities.  According to the Minister, travel times between Tejaji Nagar (Indore) and Burhanpur and Indore and Harda will be shortened, saving fuel. He claimed that travellers heading to Omkareshwar and Khandwa will have easy access to the routes.  The State Government and NHAI signed a memorandum of understanding during this initiative to build ropeways at 14 designated locations in Madhya Pradesh.


Wild Life (Protection) Amendment Bill, 2021 approved by Lok Sabha 


The Wild Life (Protection) Amendment Bill, 2021 is approved by the Lok Sabha. The Wild Life (Protection) Act of 1972 already protects a number of species, but the proposed legislation would also implement CITES, the Convention on International Trade in Endangered Species of Wild Fauna and Flora. The Rajya Sabha still needs to pass the Bill, though.  According to Bhupender Yadav, the Union Environment Minister, the government operates under the Vasudhaiva Kutumbakam principle and strives to improve both humankind and all other animal species.  The Union Environment Minister has also urged people to avoid purchasing upscale goods derived from animals from threatened or endangered species.


Ministry for Commerce & Industry: India recognising over 75000 startups so far


Union Minister for Commerce & Industry, Piyush Goyal has announced that India has achieved a landmark milestone, wherein 75000 startups have been recognized in the country.  The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized more than 75,000 startups- a milestone which coincides with the 75th year of independence.  Startup India program which was primarily set up to provide an enabling environment for the startups has today evolved into the launchpad for them.


Andhra Pradesh emerges as winner in Utilisation of Agri-Infra funds 


When it comes to using cash for agricultural infrastructure, Andhra Pradesh comes out on top (Agri Infra Fund). By placing a strong emphasis on infrastructure development at the farm gate, it has become the best state.  At a ceremony in New Delhi, Union Minister of Agriculture and Family Welfare Narendra Singh Tomar presented B. Srinivasa Rao, CEO of State Rythu Bazars, with the award for the best state in the nation in terms of utilising Agri Funds in the fiscal year 2021–22.


Kerala CM launched eggs and milk scheme for Anganwadi children 


Kerala Chief Minister, Pinarayi Vijayan has inaugurated a project of the Women and Child Development department.  This project help to provide milk and eggs to children at all Anganwadis in the state in a bid to improve their nutrition levels. The state government has set aside over Rs 61.5 crore to include milk and eggs in the Anganwadi menu this financial year.  Under this scheme, which is considered as a first in the country, each child will be given 125 ml of milk two days a week for 44 weeks (10 months) and an egg twice a week.  Under this project, four lakh children in the age group of 3-6 from the 33,115 anganwadis of the state will receive eggs and milk twice a week.


Appointments News


Suresh N Patel sworn in as Central Vigilance Commissioner 


Vigilance Commissioner, Suresh N. Patel was appointed as the Central Vigilance Commissioner. He has been working as the acting Central Vigilance Commissioner (CVC) since June this year.  He was sworn in as the chief of the Central Vigilance Commission by President Droupadi Murmu at Rashtrapati Bhavan. The ceremony was also attended by Prime Minister Narendra Modi and Vice President M. Venkaiah Naidu. Former Indian Administrative Service (IAS) officer Sanjay Kothari had completed his term as the CVC on June 24 last year.


IFS officer Shweta Singh appointed as Director of PMO 


According to a Personnel Ministry, 2008 batch Indian Foreign Service (IFS) officer, Shweta Singh was appointed as a director in the Prime Minister's Office (PMO).  The Appointments Committee of the Cabinet (ACC) approved Singh's appointment for a period of three years from the date of her joining.  The ACC has cancelled the appointment of Aniket Govind Mandavgane, a 2009-batch IFS officer, as the Deputy Secretary in the PMO. Mandavgane was on July 18 appointed as the Deputy Secretary.


Senior-most judge of Supreme Court U U Lalit, in line to become next CJI 


Senior-most judge of the Supreme Court of India, Justice U U Lalit, who is in line to become the next Chief Justice of India (CJI).  He has been part of several landmark judgements including the one which held the practice of divorce through instant 'triple talaq' among Muslims illegal and unconstitutional.  Justice Lalit is in line to become the 49th CJI of India on August 27, a day after incumbent Justice N V Ramana demits the office.

 

International News
China fires multiple missiles around Taiwan

China fired multiple missiles around Taiwan on Thursday as it launched its largest-ever military exercises a day after a visit by US House Speaker Nancy Pelosi. Taiwan's Defence Ministry said several Dongfeng missiles had been fired in waters to the northeast and southwest of the island. The last time China fired missiles into waters around Taiwan was in 1996.

 

 


UN General Assembly deemed a healthy environment a Human Right 


The United Nations General Assembly (UNGA) adopted a resolution that recognised everyone's right to a healthy environment. It was stated that the action is a crucial one in halting the alarming decline of the natural environment.  India supported the resolution but abstained from one of the resolution's key clauses. It expressed dissatisfaction with the resolution's methodology and content.  The UNGA recognises the right to a clean, healthy, and sustainable environment as a human right, according to the resolution's operative paragraph 1.  Ashish Sharma, a counsellor at India's Permanent Mission to the UN, asked that this comment be recorded in the meeting's official records.


Samsung scales back production in Vietnam as demand falls: Reports

Samsung Electronics has cut down production at a smartphone plant in Vietnam as retailers and warehouses deal with increasing inventory amid global fall in consumer spending, reports said. US retailers like Best Buy, Target Corp warn of slowing sales. Plant workers said they are shifting to three-day and four-day work week as six-day work week and overtime is not needed.

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BANKING, BUSINESS AND ECONOMY


CNG price increases by ₹6 per kg in Pune; 7th hike since April

The price of compressed natural gas (CNG) has been increased by ₹6 in Pune, effective from Thursday. CNG will now cost ₹91 per kg in Pune. This is the seventh price hike since April this year. "Overall, there is a shortage of CNG as there is no supply from Russia and Ukraine," All India Petroleum Dealers Association spokesperson said.


Bharti Airtel to roll out 5G services this month, signs equipment deals

Bharti Airtel has signed 5G equipment service deals with Ericsson, Nokia and Samsung, and will start rolling out 5G services later this month, the telecom operator said. Bharti Airtel acquired 19,867.8 MHz spectrum worth ₹43,084 crore in the country's first-ever 5G spectrum auction. "Airtel will work with the best technology partners from across the world," its MD and CEO said.


RBI permitted use of INR for foreign commerce invoices and payments 


Bhagwat Kisanrao Karad, the Union Minister of State for Finance, informed the Rajya Sabha that the Reserve Bank of India (RBI) has permitted foreign trade invoices and payments to be made in the Indian Rupee.  By means of a circular titled International Trade Settlement in Indian Rupees (INR) that was published on July 11, 2022, the central bank has permitted payments for international trade in the Indian currency.


Gold prices in India rise, trade at ₹51,815 per 10 gram

Following positive global cues, gold prices in India traded higher on Thursday at ₹51,815 per 10 gram. Gold October futures traded higher by ₹461 at ₹51,850 per 10 gram on the Multi Commodity Exchange. Silver September futures rose ₹57,880 per kg. A pullback in the US dollar and Treasury yields led gold prices to edge higher globally

 


Ranks and Reports News


Fortune Global 500 list: LIC breaks into Fortune 500 list


Indian statutory insurance and investment corporation, Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list.  The nation’s biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. This is the first outing of LIC on the list, which ranks listed companies by sales.


Ramsar sites: India adds 10 new wetlands in the list 


India adds 10 more wetlands designated as Ramsar sites to make a total of 64 sites in the country. The 10 new sites include Six (6) sites in Tamil Nadu and One (1) each in Goa, Karnataka, Madhya Pradesh and Odisha.  Designation of these sites would help in the conservation and management of wetlands and the wise use of their resources.  India is one of the Contracting Parties to the Ramsar Convention, signed in Ramsar, Iran, in 1971. India signed it on 1st Feb 1982.  So far 64 wetlands covering an area of 12,50,361 ha have been designated as Ramsar Sites of International Importance in India, till date.


Sports News


Commonwealth Games 2022: Tejaswin Shankar wins India's first High Jump Medal 


India’s Tejaswin Shankar won India's first medal in athletics at the Commonwealth games 2022, by clinching a historic bronze in the men’s high jump final.  Tejaswin, competing for India for the first time in four years nailed a landing of 2.22m to secure a podium finish. He did not have trouble clearing 2.5m and 2.10m in the opening two jumps.  Then 2.19m and 2.22m quite easily on the first try. He though failed to clear 2.25 but clinched the bronze medal after being quicker to jump 2.22m against the fourth-placed athlete. He attempted 2.28m on his last jump but failed.


Commonwealth Games 2022: Tulika Maan wins silver in women's 78kg judo event 


Indian judoka, Tulika Maan settle for a silver medal in the women's 78kg category in the Commonwealth Games 2022.  Tulika Maan gets India's second silver medal in Judo and third overall in the Judo, as she conceded a defeat by Ippon to Scotland's Sarah Adlington in the Women's +78kg final.


44th Chess Olympiad: Tania Sachdev Shines in Indian Women Team 


Tania Sachdev has registered a 2.5-1.5 win for India against Hungary in the fourth-round match of women section at the 44th Chess Olympiad in Mamallapuram, Chennai. She thrashed Zsoka Gaal to earn a decisive point as well as a match for the team.  Koneru Humpy, Dronavalli Harika and R Vaishali ended with a draw in their respective encounters. Tania Sachdev is an Indian chess player, who holds the FIDE titles of International Master and Woman Grandmaster.  She is a two-time Indian women's chess champion in 2006 and 2007, one-time Asian women's chess champion in 2007 and three-time and current Commonwealth Women's Chess Champion in 2016, 2018 and 2019.


Commonwealth Games 2022: Saurav Ghosal wins India's first-ever singles medal in squash


India's Saurav Ghosal has clinched the bronze medal in squash men's singles by beating James Willstrop of England 11-6, 11-1, 11-4 to take India's Commonwealth Games 2022.  This was also India's first-ever medal in squash singles at the Games. He had lost the men's singles semi-final 3-0 (11-9 11-4 11-1) to New Zealand's Paul Coll.


Commonwealth Games 2022: Indian weightlifter Gurdeep Singh wins bronze in men's


India's Gurdeep Singh won a bronze medal in the men's 109+kg weightlifting event. Gurdeep lifted a total weight of 390kg (167kg+223kg) in the final, as he won India's 10th weightlifting medal at the ongoing edition of the Games.  Gurdeep joined Gururaja Poojary and Lovepreet Singh to add a third bronze medal in weightlifting for India.  The gold went to Pakistan's Muhammad Nooh Butt for his Games record-breaking lift of 405kg (173kg+232kg). New Zealand's David Andrew Liti clinched the silver for his effort of 394kg (170kg+224kg). 

 

 

 

 

 

OBITUARY


Himachal Pradesh BJP vice-president Praveen Sharma passes away aged 65

Himachal Pradesh BJP vice-president Praveen Sharma died on Thursday morning aged 65. Sharma, who was the vice chairman of Himachal Pradesh Housing and Urban Development Authority (HIMUDA), died at his residence in Amb town. He was elected from the Amb Assembly constituency in 1998 and had also served as Excise and Taxation-cum-Youth Welfare and Sports Minister.

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