Daily Current Affairs August 03 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: NATIONAL NEWS

Mr. Sarbanand Sonowal inaugurated the Chahabar Day conference in Mumbai:

• Union Shipping Minister Sarbanand Sonowal and Minister of State for Shipping Shripad Naik inaugurated the Chabahar Day conference in Mumbai
• Representatives from Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and Afghanistan took part in the conference.
• Chabahar port will be part of the International North-South Transport Corridor network connecting India.
• Chabahar port will open new avenues for India and Eurasian countries and it is an important pillar of India’s Indo-Pacific vision to connect Eurasia with the Indian Ocean Region.
• In May 2016, India and Iran signed a bilateral agreement in which India would refurbish one of the berths at Shahid Beheshti port, and reconstruct a 600-meter-long container handling facility at the port.
• In October 2017, India’s first shipment of wheat to Afghanistan was sent through the Chabahar Port.
• Chabahar Port: Chabahar is a port located on the coast of the Gulf of Oman.
• It consists of two separate ports named Shahid Kalantri and Shahid Beheshti.
• It is strategically important for India as it provides connectivity to Iran and Afghanistan bypassing Pakistan.
• It is jointly developed by India, Iran, and Afghanistan.

GOI will release a special commemorative postage stamp in memory of Pingali Venkayya:

• The Central government will release a special commemorative postage stamp in memory of Pingali Venkayya, the designer of the national flag.
• Prime Minister Shri Narendra Modi will release the stamp at a program to be held in New Delhi to mark the birth anniversary of the freedom fighter.
• Born near Machilipatnam on August 2, 1876, Pingali had designed many models of the national flag.
• In 1921, Mahatma Gandhi approved a design during the Indian National Congress meeting in Vijayawada.
• The Central government is organizing a ‘Har Ghar Tiranga’ campaign to mark 75 years of independence.
• Tiranga yatra will be held in Delhi on August 3.

CURRENT AFFAIRS: INTERNATIONAL NEWS

UNGA declares access to a clean and healthy environment a universal human right

• The United Nations General Assembly (UNGA) adopted a historic resolution declaring access to a clean, healthy, and sustainable environment, a universal human right.
• The final vote tally was 161 in favor of the resolution, with 8 countries abstaining from the vote: China, the Russian Federation, Belarus, Cambodia, Iran, Syria, Kyrgyzstan, and

About the resolution :

• The resolution, based on a similar text adopted last year by the Human Rights Council, calls upon States, international organizations, and business enterprises to scale up efforts to ensure a healthy environment for all.
• It will help reduce environmental injustices, close protection gaps and empower people, especially those that are in vulnerable situations, including environmental human rights defenders, children, youth, women, and indigenous peoples
• One of the major results of the Stockholm conference was the creation of the United Nations Environment Programme.
• In October 2021, the UN Human Rights Council recognized for the first time that having a clean, healthy, and sustainable environment is a human right.
• The 1972 United Nations Conference on the environment in Stockholm was the first world conference to make the environment a major issue.
• India has voted in favor of the resolution but dissociated itself from an operative paragraph of the text.

About UNGA :

• Established: 1945
• President: Abdulla Shahid
• India’s permanent ambassador to UN: Ruchira Kamboj
• UN Secretary-General : António Guterres
• The UNGA is one of the six principal organs of the United Nations (UN).

CURRENT AFFAIRS: STATE NEWS

Arunachal Pradesh inks tripartite pact for school education transformation

• The Arunachal Pradesh government inked a tripartite Memorandum of Understanding (MoU) with NITI (National Institution for Transforming India) Aayog and an organization for a large-scale transformation in school education.
• The agreement was signed on the second anniversary of the New Education Policy (NEP) 2020.
• The MoU is a three-year partnership (2022 – 25).
• The MoU was signed in presence of Niti Aayog Education Advisor Dr. Prem Singh, state Education Commissioner Padmini Singla, ISSE state Project Director Pige Ligu, and Chief Executive Officer (CEO) of ‘Reach to Teach Foundation, Ratna Viswanathan.

About the MoU :

• The MoU focuses on the enhancement of the learning outcome of students across 3,000 plus government schools in the state thereby, by reaching out to over 2 lakh children.
• The school education transformation project is under NITI Aayog’s Development Support Services for States (DSSS) initiative.

About Arunachal Pradesh :

• Governor: B. D. Mishra
• Chief Minister : Pema Khandu
• Capital: Itanagar

About NITI Aayog :

• Established: 1 January 2015
• Headquarters: New Delhi, Delhi, India
• CEO: Parameswaran Iyer
• Chairperson: Narendra Modi
• Vice Chairperson : Suman Bery

CURRENT AFFAIRS: BANKING & FINANCE

SEBI Postpones Implementation of MF Holder Nomination Rules to October 1

• Capital market regulator Securities Exchange Board of India (SEBI) has postponed the implementation of new rules on the nomination for mutual fund investors till October 1, 2022.
• The new rules of providing an option for mutual fund investors to submit details of nomination or opt-out of it were to come into force on August 1, 2022.
• Based on the representation received from AMFI, it has been decided that investors subscribing to mutual fund units after October 1, 2022, will have a choice to submit the nomination form or the declaration form for opting out of the nomination physical or online as per the choice of the unitholders.
• In the case of the physical option, the forms will carry the wet signature of all the unitholders.
• In the case of the online option, instead of wet signatures of all the unitholders, AMCs shall validate the forms using the e-Sign facility or through two-factor authentication.

SEBI penalizes BSE for its subsidiary buying stake in Indus Water without prior approval

• The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 3 lakh on BSE Ltd for indirectly engaging in works that were unrelated to its activities as a stock exchange without the regulator’s approval.
• The order came after SEBI examined investments made by BSE Ltd to ascertain whether the firm had engaged in activities that were not related to its activity as a stock exchange without the approval of Sebi as of March 2021.
• SEBI found that BIL, a separate legal entity and a wholly-owned subsidiary of BSE Ltd, had acquired an 8 percent stake in Indus Water Institute Ltd.
• For the violation of not seeking prior approval, the regulator has imposed a fine of Rs 3 lakh on the exchange.
• In October 2020, Sebi imposed Rs 6 crore penalty on NSE for picking up stakes in six entities, including CAMS and Power Exchange India Ltd, without obtaining the SEBI’s approval.

About SEBI :

• Established: on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters: Mumbai, Maharashtra
• Chairman : Madhabi Puri Buch
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance, GoI.

Union Bank of India sets up “RACE” goal for 2022

• The Union Bank of India (UBI) has set “RACE” as the goal for the year.
• RACE stands for
• Grow RAM (retail, agriculture, and MSME) loans,
• Improve Asset quality,
• Increase CASA (current account, savings account deposits)
• Increase Earnings

Aim :

• To make UBI bank among the top three largest Public Sector Banks (PSB) in the next couple of years.

About UBI :

• Founded: 11 November 1919
• Headquarters:  Mumbai, Maharashtra, India
• MD & CEO : A Manimekhalai (First women chief of UBI)

SEBI lays rules for automated deactivation of trading, demat accounts in case of inadequate KYC

• Capital markets regulator Securities and Exchange Board of India (SEBI) released a framework for automated deactivation of trading and demat accounts of investors in case of inadequate Know Your Client (KYC) details.
• The framework will come into effect on August 31, 2022.

Aim :

• To ensure the client furnishes accurate or updated details of address and ensure that KYC details are correct
• Under the rules, market infrastructure institutions (MIIs) stock exchanges, except commodity derivatives exchanges, and depositories will have to physically serve Show Cause Notice (SCN) or order issued by the regulator to the concerned entity.

• The MIIs will have to forward the signed acknowledgment of its receipt by the concerned addressee or its authorized representative to the regulator within 30 days from the date of receipt of such instructions from the SEBI.

CURRENT AFFAIRS: BUSINESS NEWS

GST revenue collected in July 2022 is ₹1,48,995 crore:

• The gross GST revenue collected in July 2022 is ₹1,48,995 crore of which CGST is ₹ 25,751 crore.
• The revenues for July 2022 are 28% higher than the GST revenues in the same month last year of ₹ 1,16,393 crore.
• For five months in a row now, the monthly GST revenues have been more than ₹4 lakh core, showing a steady increase every month.
• The growth in GST revenue till July 2022 over the same period last year is 35% and displays a very high buoyancy.

CURRENT AFFAIRS: AWARDS AND HONOUR

Narendra Singh Tomar to give Agriculture Infrastructure Fund Awards:

• Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar, presented Agriculture Infra Fund awards.
• The awards felicitate the contribution of various Banks and States and different field functionaries to the Agriculture Infrastructure Fund (AIF) scheme.
• State Bank of India achieved the first position among the best performing banks.
• It is followed by Punjab National Bank and Bank of India.
• In the second category, banks were awarded for their valuable contribution.
• In this category, the Bank of Baroda achieved the first rank.
• It is followed by the Central Bank of India, Canara Bank, and Kotak Mahindra Bank.
• In the Target Achievers Category, Punjab National Bank, Canara Bank, HDFC Bank, Bank of Maharashtra, Punjab & Sind Bank, and Karnataka Bank were awarded.
• Madhya Pradesh Gramin Bank was best among the best performing Regional Rural Banks.
• It was followed by Madhyanchal Gramin Bank, Maharashtra Gramin Bank, and Baroda Rajasthan Kshetriya Gramin Bank.
• In the state category, Madhya Pradesh has been adjudged the best-performing state.
• Andhra Pradesh is recognized as the best performer in the sanction of PACS applications.
• As the best performer in the faster disposal of PACS applications, Karnataka was awarded.
• Rajasthan was declared the Rising State under AIF.

Agri Infra Fund:

• Its second foundation day will be celebrated next month.
• It was launched two years ago under Aatmanirbhar Bharat Package.
• It was launched as a dedicated Central Government scheme that provides a medium-long term credit facility for investment in the creation of post-harvest management infrastructure and community farming assets.
• This credit facility comes with financial support by way of a three percent Interest subvention from the Government and a credit guarantee by Credit Guarantee fund Trust for Micro and Small Enterprises (CGTMSE) fee of up to two crore rupees.

CURRENT AFFAIRS: MOUS AND AGREEMENT

RIL, Ola Electric Mobility, and Rajesh Exports have signed the Program Agreement for ACC Battery Storage:

• Reliance Industries Ltd’s (RIL) New Energy arm, Ola Electric Mobility Private Limited, and Rajesh Exports Limited are the three companies that have signed the Program Agreement under (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage.
• These companies will receive incentives under India’s ₹18,100 crore program.
• In addition to the capacities allocated by the Ministry of Heavy Industries under the PLI Program, private players are expected to create battery manufacturing capacity to the tune of ~95 GWh.
• The companies were among four bidders selected by the government in March to build a total of 50-gigawatt hours (Gwh) of battery storage capacity under a production-linked incentive program.
• A total of 10 bids were received from companies with a manufacturing capacity of 128 GWh under the PLI Scheme of ACC Battery Storage.
• Under the ACC PLI program, the manufacturing facility would have to be set up within two years.
• The incentive will be disbursed thereafter for five years on the sale of batteries manufactured in India.

CURRENT AFFAIRS: RANKING AND INDEX

Indian Women Savitri Jindal replaces China’s Yang Huiyan to become Asia’s Richest Woman:

• According to the real-time Bloomberg Billionaires Index, Savitri Jindal, the Chairperson Emeritus of the OP Jindal Group, has surpassed Yang Huiyan of China to become Asia’s richest woman.
• The entire wealth of the 72-year-old Savitri Jindal, who is also the richest woman in India, is $11.3 billion.
• In recent years, Jindal’s net worth has changed significantly.
• During the Covid-19 epidemic, it decreased to $3.2 billion in April 2020, and after the Russian invasion of Ukraine, it increased to $15.6 billion in April 2022 as a result of higher commodity prices.

Key Points:

• The wealth of Yang Huiyan, owner of Country Garden Holdings, China’s largest real estate developer, decreased by more than half in 2022, from $ 24 billion to $11 billion.
• She had spent the previous five years as Asia’s richest lady.
• Jindal, 72, is the 10th richest person in the world and the richest lady in India. Soon after her husband died in a helicopter accident in 2005, she was elected chairperson of the Jindal Group.
• Savitri also brags about her political career.
• She was re-elected in 2009, at which point the Haryana government selected her as a cabinet minister.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Mr. Auguste Tano Kouame takes charge as World Bank Country Director for India

• The World Bank has appointed Côte d’Ivoire national, Mr. Auguste Tano Kouame, as the Country Director for India for five years which is effective from August 01, 2022.
• He replaces Junaid Kamal Ahmad of Bangladesh.

About Mr Auguste Tano Kouame :

• Auguste Tano Kouame joined the World Bank as a Young Professional in 1996.
• He worked at the United Nations Development Program and taught Applied Economics in Cote d’Ivoire and France.
• He took field assignments from 2002-05 as Senior Country Economist, based in Santo Domingo, Dominican Republic, and, subsequently, as a World Bank representative in Haiti.
• From 2005 to 2008, he served as Assistant to the World Bank Group President.
• He served as the director of the department of human development and economic management in the World Bank Group’s Independent Evaluation Group (IEG) from January 2017 to April 2019.
• Recently, he served as the World Bank’s country director for Turkey.

Additional Info :

• As of July 2022, the World Bank’s net commitments to India stood at $21.86 billion (IBRD $18.76 billion, IDA $3.0 billion) across 99 projects.

About World Bank :

• Established: December 1945
• Headquarters: Washington, D.C., United States
• President : David Malpass
• The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), two of five international.

Mr. Sanjay Arora takes charge as Delhi Police Commissioner

• Sanjay Arora, a 1988-batch IPS officer of Tamil Nadu cadre took charge as Delhi Police Commissioner.
• He is due for retirement in 2025.
• He succeeded Rakesh Asthana (Gujarat cadre IPS officer), who retired after nearly 38 years in service.

About Mr. Sanjay Arora :

• Sanjay Arora was appointed the Director General (31st chief ) of the paramilitary Indo-Tibetan Border Police (ITBP).
• He served as Commissioner of Police, Coimbatore city from 2002 to 2004.
• He had stints in the Central Reserve Police Force (CRPF) and the Border Security Force (BSF).
• He has also served as Deputy Inspector General of Police, Villupuram range, and Deputy Director of Vigilance and Anti-Corruption.
• Arora is the second successive non-AGMUT cadre IPS officer to head the Delhi Police and the third since the Delhi Police Act was passed in 1978 and a commissionerate was established.

Awards & Honors :

• He has been awarded the Police Medal for Meritorious Service in 2004, President’s Police Medal for Distinguished Service in 2014, Police Special Duty Medal, Antrik Suraksha Padak, and UN Peacekeeping Medal among others.
• He was awarded CM’s Gallantry Medal for Bravery and Heroic Action.

CURRENT AFFAIRS: DEFENCE NEWS

3rd edition of Vietnam-India bilateral army exercise “Ex VINBAX 2022” to begin at Chandimandir in Haryana

• The third Edition of the Vietnam India Bilateral Army Exercise “Ex VINBAX 2022” is scheduled to be conducted at Chandimandir, a military cantonment of the Indian Army located in the Panchkula district of Haryana, from August 01 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 the United Nations Contingent for Peacekeeping Operations.
• The Indian Army is represented by troops from the 105 Engineer Regiment.
• The previous edition of the bilateral exercise was conducted in Vietnam in 2019.

About Ex VINBAX 2022 :

• The exercise will strengthen confidence, and inter-operability and enable sharing of best practices between the Indian Army and Vietnam People’s Army.
• The joint exercise will also provide an opportunity for the troops of both the Contingents to learn about each the social and cultural heritage of each other.
• 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.
• 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 utilizing indigenous solutions.
• Vietnam is also an important partner in the Act East policy of India as well as the Indo-Pacific vision.

4th India-Oman Joint Military Exercise ‘AL NAJAH-IV’ to begin in Rajasthan

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

Aim :

• To enhance the level of defense cooperation between the Indian Army (IA) and Royal Army of Oman (RAO) will further manifest in enhancing the bilateral relations between the two nations.
• The Indian Army will be represented at the exercise by troops from the 18 Mechanised Infantry Battalion.
• The Royal Army of Oman contingent will be represented by the 60 personnel from the Sultan of Oman Parachute Regiment

About ‘AL NAJAH-IV’ :

• The joint exercise would focus on Counter Terrorism Operations, Regional Security Operations, and Peace Keeping Operations under the United Nations charter apart from organizing joint physical training schedules, tactical drills, techniques, and procedures.
• The exercise includes “professional interaction, mutual understanding of drills and procedures, the establishment of joint command and control structures and elimination of terrorist threats.
• It is a comprehensive training program to culminate in a 48 hours long validation exercise involving the establishment of joint mobile vehicle check posts, a joint cordon and search operations followed by joint room intervention drills in a built-up area
• Oman is a strategic partner of India in the Gulf and an important interlocutor at the Gulf Cooperation Council (AGCC), Arab League, and Indian Ocean Rim Association (IORA) fora.

About Oman :

• Capital: Muscat
• Currency: Omani rial

CURRENT AFFAIRS: SPORTS

England beats Germany in Women’s Euro 2022:

• England beat Germany 2-1 after extra time in a packed Wembley Stadium in London, bringing home the trophy of the UEFA women’s Euro for the first time.
• Germany suffered a heavy blow minute ahead of the final as their captain Alex Popp had to pull out after picking up an injury during the warm-up.
• Ella Toone and Chloe Kelly prodded goals for the England team.
• Lina Magull helped Germany equalize in the 79th minute.
• UEFA’s team of Technical Observers at UEFA Women’s EURO 2022 have named Beth Mead as their Player of the Tournament.
• The competition’s top goalscorer with six goals, England’s No7 also logged five assists from the right wing as the Lionesses went the whole way to capture their first EURO title in front of a home crowd at Wembley Stadium.
• Keira Walsh has received the official Player of the Match award, presented by Visa, following England’s 2-1 win against Germany in the UEFA Women’s EURO 2022 final.
• UEFA’s team of Technical Observers at UEFA Women’s EURO 2022 has named Germany’s Lena Oberdorf as the inaugural Young Player of the Tournament.

Max Verstappen wins F1 Hungarian Grand Prix 2022:

• Formula One champion Max Verstappen overcame a spin and his worst starting spot of the season to win the Hungarian Grand Prix.
• His eighth win of the season pushed Verstappen’s lead to 80 points over Charles Leclerc as F1 heads into its mid-season break.
• Verstappen’s eighth win of the season was the 28th of the Dutchman’s career.
• Max Emilian Verstappen is a Belgian-Dutch racing driver and the 2021 Formula One World Champion.
• He competes under the Dutch flag in Formula One with Red Bull Racing.
• He is the son of former Formula One driver Jos Verstappen.

India’s Points Tally at the Commonwealth Games 2022:

• Commonwealth Games 2022, also known as Birmingham 2022, began on July 28th and will end on August 8th, 2022 in Birmingham, England.
• India is competing in the Commonwealth Games for the 18th time.
• The Indian team at the Commonwealth Games 2022 comprises 322 participants. Women’s cricket was introduced in the Commonwealth Games this year, giving India a fresh start and a new opportunity to take the lead.
• India has won nine medals at Birmingham 2022, including three gold medals, three silver medals, and three bronze medals.
• Men’s and women’s weightlifting medals are all represented.

Key Points:

• Mirabai Chanu wins India’s first gold medal in weightlifting women’s 49kg at the Commonwealth Games 2022.
• Bindyarani Devi won one gold and one silver medal in women’s weightlifting in 55kg.
• India won four medals in men’s weightlifting.
• Jeremy Lalrinnunga won gold in 67 kg, Sanket Sargar won silver in 55 kg, and Achinta Sheuli won gold in 73 kg.
• With 9 medals, India is ranked sixth in the Commonwealth Games 2022 Medal Tally.
• Australia leads the medal count for the Commonwealth Games 2022.
• The Australian team has the most gold medals (22), silver medals (13), and bronze medals (17). Australia has a total of 52 medals.

Medals in Weightlifting Category

• Women’s 49kg weightlifting: Mirabai Chanu, Gold
• Women’s weightlifting 55kg: Bindyarani Devi, Silver
• Weightlifting men’s 55kg: Sanket Sargar, Silver
• Bronze medalist in men’s 61kg weightlifting: Gururaja Poojary
• Men’s 73kg weightlifting: Anchinta Sheuli, Gold
• Men’s 67kg weightlifting: Jeremy Lalrinnunga, Gold
• Shushila Likmabam of India won another silver medal in 48kg women’s Judo.
• Vijay Kumar Yadav won a bronze medal in men’s 60kg Judo.
• Harjinder Kaur takes bronze in the women’s 71kg weightlifting event.

India’s Medal Tally:

Sports	Gold	Silver	Bronze
Weightlifting	3	2	2
Wrestling	0	0	0
Table Tennis	0	0	0
Triathlon	0	0	0
Squash	0	0	0
Swimming	0	0	0
Para Powerlifting	0	0	0
Lawn Bowls	0	0	0
Judo	0	1	1
Hockey	0	0	0
Gymnastics	0	0	0
Cycling	0	0	0
Cricket	0	0	0
Boxing	0	0	0
Badminton	0	0	0
Athletics	0	0	0
Total	3	3	3

CURRENT AFFAIRS: OBITUARIES

Founder of Kannada daily ‘Udayavani’ T Mohandas Pai passes away

• Founder of popular Kannada daily newspaper  ‘Udayavani’, T Mohandas M Pai passed away at the age of 89.

About T Mohandas M Pai :

• T Mohandas M Pai was the eldest son of Dr. T M A Pai, the founder of the Manipal group of institutions.
• Pai was called the ‘architect of modern Manipal’.
• He set up Rashtrakavi Govindapai Research Centre, Regional Resources Centre for Folk Performing Arts, and MGM Yakshagana Kendra.
• He set up three centers

1. The Rashtrakavi Govindapai Research Centre
2. The Regional Resources Centre for Folk Performing Arts
3. MGM Yakshagana Kendra.

• He was the president of the T M A Pai Foundation and Manipal Media Network, which runs ‘Udayavani’.
• He also served as the chairman and non-executive director at ICDS limited.

About ‘Udayavani’ :

• Headquarters: Manipal, Karnataka
• Udayavani is published by Manipal Media Network Limited

Daily CA on August 3:

• Union Shipping Minister Sarbanand Sonowal and Minister of State for Shipping Shripad Naik inaugurated the Chabahar Day conference in Mumbai
• The Central government will release a special commemorative postage stamp in memory of Pingali Venkayya, the designer of the national flag.
• The gross GST revenue collected in July 2022 is ₹1,48,995 crore of which CGST is ₹ 25,751 crore.
• Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar, presented Agriculture Infra Fund awards.
• Reliance Industries Ltd’s (RIL) New Energy arm, Ola Electric Mobility Private Limited, and Rajesh Exports Limited are the three companies that have signed the Program Agreement under (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage.
• According to the real-time Bloomberg Billionaires Index, Savitri Jindal, the Chairperson Emeritus of the OP Jindal Group, has surpassed Yang Huiyan of China to become Asia’s richest woman.
• England beat Germany 2-1 after extra time in a packed Wembley Stadium in London, bringing home the trophy of the UEFA women’s Euro for the first time.
• Formula One champion Max Verstappen overcame a spin and his worst starting spot of the season to win the Hungarian Grand Prix.
• Commonwealth Games 2022, also known as Birmingham 2022, began on July 28th and will end on August 8th, 2022 in Birmingham, England.

• The United Nations General Assembly (UNGA) adopted a historic resolution declaring access to a clean, healthy, and sustainable environment, a universal human right.
• The Arunachal Pradesh government inked a tripartite Memorandum of Understanding (MoU) with NITI (National Institution for Transforming India) Aayog and an organization for a large-scale transformation in school education.
• Capital market regulator Securities Exchange Board of India (SEBI) has postponed the implementation of new rules on the nomination for mutual fund investors till October 1, 2022.
• The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 3 lakh on BSE Ltd for indirectly engaging in works that were unrelated to its activities as a stock exchange without the regulator’s approval.
• The Union Bank of India (UBI) has set “RACE” as the goal for the year.
• Capital markets regulator Securities and Exchange Board of India (SEBI) released a framework for automated deactivation of trading and demat accounts of investors in case of inadequate Know Your Client (KYC) details.
• The World Bank has appointed Côte d’Ivoire national, Mr. Auguste Tano Kouame, as the Country Director for India for five years which is effective from August 01, 2022.
• Mr. Sanjay Arora, a 1988-batch IPS officer of Tamil Nadu cadre took charge as Delhi Police Commissioner.
• The third Edition of the Vietnam India Bilateral Army Exercise “Ex VINBAX 2022” is scheduled to be conducted at Chandimandir, a military cantonment of the Indian Army located in the Panchkula district of Haryana, from August 01 to 20, 2022.
• The 4th Edition of India-Oman Joint Military Exercise ‘AL NAJAH-IV’ will be held from August 01 to 13, 2022 at the Foreign Training Node of Mahajan Field Firing Ranges in Rajasthan.
• Founder of popular Kannada daily newspaper  ‘Udayavani’, T Mohandas M Pai passed away at the age of 89.