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CURRENT AFFAIRS: IMPORTANT DAYS
World Water Week- 23 August to 1 September
- World Water Week 2022 will take place from August 23 to September 1.
- Since 1991, the Stockholm International Water Institute (SIWI) has hosted World Water Week to address global water issues and related international development concerns.
- The theme of the 2022 World Water Week is: “Seeing the unseen: The value of water”, which helps us view water in new and fascinating ways.
- World Water Week is a community of changemakers working together to find answers to the world’s most pressing water-related issues.
- The Week also serves as a gathering space to expedite progress toward the SDGs and other international activities.
- This year’s World Water Week is a significant step toward the UN Water Conference in 2023.
CURRENT AFFAIRS: NATIONAL NEWS
The government launched the Aqua Bazaar feature of the Matsya Setu App:
- Shri Parshottam Rupala, Union Minister for Fisheries, Animal Husbandry, and Dairy presented the “Aqua Bazar” online marketplace feature in the “MatsyaSetu” mobile app during the 9th general body meeting of the National Fisheries Development Board.
- The National Fisheries Development Board (NFDB), Hyderabad, and the ICAR-Central Institute of Freshwater Aquaculture (ICAR-CIFA), Bhubaneswar, utilized funds from the Pradhan Mantri Matsya Sampada Yojana (PMMSY) to develop the MatsyaSetu app.
- The Aqua Bazar online market will help fish farmers and other interested parties find the inputs (such as fish seeds, feed, medicines, etc.) and services required for fish farming.
- On the Aqua Bazar market, farmers may also sell their table-size fish.
- All stakeholders involved in aquaculture are intended to be connected by the Aqua Bazar marketplace.
17th Pravasi Bhartiya Divas 2023 to be held at Indore:
- The 17th Pravasi Bhartiya Divas 2023 will take place in Indore in January of next year, according to Arindam Bagchi, a spokeswoman for the Ministry of External Affairs.
- Every year on January 9th, the celebration of Pravasi Bharatiya Divas honors the contribution of the Indian diaspora to the advancement of India.
- It also honors Mahatma Gandhi’s trip back to India from South Africa on January 9, 1915.
- The 16th Pravasi Bharatiya Divas was held during 21–23 January 2019 in Varanasi, India.
- The Prime Minister of Mauritius, Pravind Jugnauth, was the guest of honor.
Indian Railways longest freight train: Super Vasuki
- The Super Vasuki, the Indian Railways’ newest train, underwent a test run.
- The Indian Railways’ South East Central Railway (SECR) zone runs the Super Vasuki.
- Vasuki and Trishul, two record-breaking long-distance freight trains, were run by the SECR last year.
- The 2.8 km SheshNaag train came before them. Five cargo trains were combined into one unit to create the Super Vasuki.
- The freight train has a length of 3.5 kilometers.
- The Super Vasuki carries enough coal to run a 3000 MW power plant for a whole day.
- The train took 11.20 hours to cover a distance of 267 km.
The country’s first indigenous monkeypox test kit has been launched:
- The first RT-PCR kit for monkeypox illness testing to be created locally was in India.
- Ajay Kumar Sood, a principal scientific adviser to the center, revealed the kit, which was created by Transasia Bio-Medicals.
- The package would assist in better managing the virus, which the WHO has classified as a global public health emergency.
- While clinically less severe than smallpox, monkeypox is a viral zoonosis—a virus that spreads from animals to people.
- The typical symptoms of monkeypox include fever, rash, and swollen lymph nodes, and it can cause a variety of medical issues.
India Sets Target to Raise Share of Natural Gas in Energy Mix to 15% by 2030:
- The government has announced it has set a target to raise the share of natural gas in the energy mix to 15%, from 6.3% currently, in 2030.
- Several initiatives have been taken for the same, informed Rameswar Teli, Minister of State for Petroleum and Natural Gas.
The initiatives include:
- Expansion of National Gas Grid to about 33,500 Km from the current 21,715 Km.
- Expansion of City Gas Distribution (CGD) network
- Setting up of Liquefied Natural Gas Terminals.
- Allocation of domestic gas to Compressed Natural Gas (Transport) / Piped Natural Gas (Domestic) in no cut category.
- Allowing marketing and pricing freedom to gas produced from high-pressure/high-temperature areas, deep water & ultra-deepwater, and coal seams.
- Sustainable Alternative Towards Affordable Transportation (SATAT) initiatives to promote Bio-CNG.
CURRENT AFFAIRS: STATE NEWS
Punjab & Haryana agree to name Chandigarh international airport after Bhagat Singh
- Punjab and Haryana governments agreed to name the Chandigarh international airport after freedom fighter Bhagat Singh.
- The decision was taken during a meeting between Punjab Chief Minister Shri Bhagwant Mann and Haryana Deputy Chief Minister Shri Dushyant Chautala.
- The collective contribution of both states and the Chandigarh Administration is involved in the construction and modernization of the airport.
- In 2017, The Punjab government demanded that the airport should be named “Shaheed-e-Azam Sardar Shaheed Bhagat Singh International Airport, Mohali”.
- The Haryana government led by Chief Minister Shri Manohar Lal Khattar had objected to using Mohali, which falls in Punjab, in the airport’s name.
- Punjab had given 307 acres of land in Mohali for the airport.
- The Rs 485-crore airport project is a joint venture of the Airports Authority of India (AAI) and the governments of Punjab and Haryana.
- Punjab and Haryana have 24.5% share each while the AAI has 51% share.
About Punjab :
- Governor : Banwarilal Purohit
- Chief Minister : Bhagwant Mann
- Capital: Chandigarh
About Haryana :
- Governor : Bandaru Dattatreya
- Chief Minister: Manohar Lal Khattar
- Capital: Chandigarh
Assam CM Launches ‘Vidya Rath- School On Wheels’ Project For economically weaker kids
- Assam Chief Minister Shri Himanta Biswa Sarma has launched a project ‘Vidya Rath- School on Wheels’ at a function held at the premises of Gauhati High Court in Assam.
Aim :
- To provide underprivileged children to access elementary education for 10 months.
- After 10 months, the children will be integrated into the conventional system of education.
- The stakeholders of Vidya Rath namely the Government of Assam, Assam State Legal Services Authority, Guwahati High Court Legal Services Committee, District Legal Services Authority Kamrup (Metro), Assam State Transport Corporation, Assam Sarba Siksha Mission, GMDA and the various NGOs
- Under the project, students will be given free mid-day meals, uniforms, and
About Assam :
- Governor : Jagdish Mukhi
- Chief Minister : Himanta Biswa Sarma
- Capital: Dispur
Sikkim CM launches schemes for women’s welfare
- Sikkim Chief Minister Shri Prem Singh Tamang announced schemes for the welfare of women at Bhaichung Stadium in Namchi, Sikkim.
- The program was held outside Paljor Stadium, Gangtok for the first time after Sikkim merged with the Indian Union in 1975.
About the Schemes :
- Sikkim Aama Sashaktikaran Yojana (SASY) – Under Aama Yojana all unemployed mothers in the state will receive Rs 20,000 annually which will be deposited in their bank accounts.
- Chief Ministers Vatsalya Yojana – Under this, an aid of Rs 3 lakh will be provided to childless women for in vitro fertilization treatment.
- The financial assistance of Rs 3 lakh for IVF treatment will be given in two phases – Rs 1 lakh in the 1st and Rs 2 lakh in the 2nd and last phase.
- Mukhya Mantri Swasthya Suvidha Yojana a health insurance for MR (Medical Representative) /Adhoc /Contractual/Probationary Employees
- He announced year-long maternity leave for women employees of the state beginning in place of the six-month leave which was the practice so far.
- He also launched the mobile village clinic program to provide accessible medical facilities to people in remote areas in all six districts.
About Sikkim :
- Governor : Ganga Prasad
- Chief Minister : Prem Singh Tamang
- Capital : Gangtok
UP CM Yogi Adityanath launches ‘Radio Jaighosh’ to mark Kakori Train Action anniversary
- As part of the Azadi Ka Amrit Mahotsav celebrations, Uttar Pradesh Chief Minister Shri Yogi Adityanath launched ‘Radio Jaighosh’ to mark the anniversary of Kakori Train Action.
Aim :
- To promote folk art, performing art, regional delicacies of Uttar Pradesh, and gallantry award winners.
- UP’s Department of Culture is launching the community radio channel.
About ‘Radio Jaighosh’ :
- Radio Jaighosh will be available at 107.8 MHz and will broadcast programs from 6 a.m. to 10 p.m. daily from the newly renovated studio of the Sangeet Natak Akademi in Lucknow.
- Daily shows on the radio will include ‘Parakram’ that will revolve around gallant soldiers of the pre and post-Independence era and unsung heroes, while ‘Shaurya Nagar‘ will promote folktales from all the 75 districts of the state.
About UP :
- Governor : Anandiben Patel
- Chief Minister: Yogi Adityanath
- Capital: Lucknow
CURRENT AFFAIRS: BANKING & FINANCE
Indians remitted $6 bn in Q1FY23 under LRS scheme: RBI data
- As per the latest Reserve Bank of India (RBI) data, the remittance by Indians under the liberalized remittance scheme (LRS) increased 64.75% in the first quarter(Q1) of FY23 to over $6.04 billion from $3.67 billion in Q1FY22.
- The amount remitted in Q1FY23 is even higher than that in Q4FY22, where outward remittance under LRS was to the tune of $5.8 billion.
Outward remittance under the LRS scheme :
| Month | Q1FY23 ($million) | Q1FY22 ($million) | Q4FY22 ($million) |
| April | 2023.7 | 1188.18 | 2018.31 |
| May | 2039.26 | 1250.24 | 1823.35 |
| June | 1984.68 | 1232.22 | 1968.77 |
| Total | 6047.64 | 3670.64 | 5810.43 |
About LRS :
- The scheme was introduced on February 4, 2004, with a limit of $25,000.
- The LRS limit has been revised in stages consistent with prevailing macro and micro economic conditions
- It includes all resident individuals, including minors, who are allowed to freely remit up to $250,000 per financial year for any permissible current or capital account transaction or a combination of both.
- Under the LRS scheme, International travel contributed $2.92 billion of the $6.04 billion remitted under LRS in Q1FY23, thus constituting almost 48% of the money remitted.
Key Highlights :
- As per data released by RBI in the August bulletin shows, In April 2022 about $2.02 billion was remitted, followed by $2.03 billion in May 2022 & $1.98 billion in June 2022.
- Indian’s spent $856.43 million on international travel as Covid-19 restrictions around the world slowed down international travel.
- Money remitted under the category “gift” constituted the third largest segment, with India’s remitting around $770.66 million in Q1, as against $489.15 million in FY22.
- Overseas education constituted the fourth largest segment, with $738.42 million remitted in the April – June quarter, against $1.16 billion in FY22.
- In FY21, under the scheme, India’s remittance was $12.68 billion, down 32.38% from FY20, where remittances under LRS were $18.76 billion.
RBI imposes a penalty of ₹32 Lakh on Indian Bank & ₹82 lakh on Jupiter Capital
- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 32 Lakh on the Indian Bank, for failing to submit a Flash Report for fraud involving amounts of at least 5.00 crore to the RBI as required by Section 47A(1)(c) of the Banking Regulation Act, 1949.
- Also, the RBI has imposed a penalty of ₹82 lakh on Bengaluru-based Jupiter Capital Private Ltd, for breach of norms on submission of credit information.
- The provisions fall under directions issued by RBI under ‘Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016’ and ‘Membership of Credit Information Companies (CICs).
- Both actions are based on the deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the entities with their customers.
About Indian Bank :
- Founded: 15 August 1907
- Headquarters: Chennai, TamilNadu, India
- MD & CEO: Shanti Lal Jain
SEBI joins RBI’s Account Aggregator framework
- The market regulator Securities Exchange Board of India (SEBI), has joined the Reserve Bank of India’s (RBI’s) Account Aggregator framework, which will allow customers to share information about their mutual fund and stock holdings with financial service providers.
- Also, it will give a boost to the Reserve Bank of India-regulated financial-data sharing system.
About the framework :
- Under the framework, Financial Information Providers (FIPs) in the securities market, like depositories and asset management companies (AMCs) through their Registrar and Transfer Agents or RTAs will provide financial information about securities markets to the customers and consented Financial Information Users (FIUs) through any of the account aggregators registered with the RBI.
About Account Aggregator :
- AA is a type of RBI-regulated entity (with a Non-Banking Financial Company (NBFC)-AA license) that helps an individual securely and digitally access and share information from one financial institution they have an account with to any other regulated financial institution in the AA network.
- The AA network would replace all these with a simple, mobile-based, simple, and safe digital data access & sharing process.
Note :
- Recently, all the 12 public sector banks joined the aggregator ecosystem
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, India
- 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.
RBI directs loan recovery agents not to intimidate borrowers
- The Reserve Bank Of India (RBI) has issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm.
- These instructions will apply to all commercial banks (including regional rural banks), Cooperative Banks, Non-Banking Financial Companies (NBFCs), Asset Reconstruction Companies (ARCs), and all Indian financial institutions except payments banks & Mutual fund business.
- REs (regulated entities) shall strictly ensure that they or their agents do not resort to intimidation or harassment of any kind, either verbal or physical, against any person in their debt collection efforts
About RBI :
- Established: 1 April 1935
- Headquarters: Mumbai, Maharashtra, India
- Governor : Shaktikanta Das
- Deputy Governors: Mahesh Kumar Jain, Rajeshwar Rao, Michael Patra, and T. Rabi Shankar
IRDAI set to roll out an upgraded version of IGMS as ‘Bima Bharosa’
- The Insurance Regulatory and Development Authority of India (IRDAI) is set to roll out an upgraded version of the Integrated Grievance Redressal System (IGRS), a revamped grievance redressal mechanism as Bima Bharosa.
Aim :
- To make complaint redressal more efficient with the option of customers filing their complaints in 13 regional languages.
About ‘Bima Bharosa’ :
- ‘Bima Bharosa’ will take care of customers’ needs in a more time-bound manner.
- SMSes will be sent to the complainant’s registered mobile/e-mail ID after registration of the complaint and upon attending by the insurance company
About IRDAI :
- Established: 1999
- Headquarters: Hyderabad, Telangana
- Chairperson: Debasish Panda
- IRDAI is a regulatory body under the jurisdiction of the Ministry of Finance, GoI.
- It is tasked with regulating and licensing the insurance and reinsurance industries in India.
CURRENT AFFAIRS: BUSINESS NEWS
Indians Remitted $6 Billion Q1 Of FY23:
- In the first quarter of FY23, outgoing transfers made a significant comeback under the Reserve Bank of India’s (RBI’s) liberalized remittance scheme (LRS), as Indians increased their expenditure on gifts, international vacations, and the upkeep of close relatives.
- According to the most recent figures for Q1-FY23 given by the RBI, the remittance by Indians under the program increased by 64.75 percent, from $3.67 billion in Q1FY22 to over $6.04 billion.
- Even more, money was sent abroad in Q1FY23 than it was in Q4FY22 when $5.8 billion was sent abroad under the LRS.
CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS
Govt extends Mr. Meenesh Shah’s as NDDB Chairman for another 6 Months
- The Center has extended the tenure of Mr. Meenesh C Shah, an executive director of the National Dairy Development Board (NDDB), to hold a charge as the Chairman of NDDB for another six months until November 30, 2022.
- It will be the second extension after the first on January 4, 2022.
- Shah has been holding the NDDB Chairman position since June 1, 2021.
- The post of Chairman NDDB fell vacant when Dilip Rath demitted office after being elected to the Board of International Dairy Federation (IDF).
- In addition to that, India will host the world’s largest dairy conference, the International Dairy Federation (IDF) World Dairy Summit 2022, in New Delhi from September 12 to 15,2022, with the theme “Dairy for Nutrition and Livelihood.”
About NDDB :
- Founded: July 1965
- Headquarters: Anand, Gujarat, India
- Founder : Dr Verghese Kurien
- It comes under the ownership of the Ministry of Fisheries, Animal Husbandry, and Dairying of the
CURRENT AFFAIRS: SCIENCE & TECHNOLOGY
India’s 1st Indigenous Monkeypox RT-PCR Testing Kit Launched
- India has developed the first indigenously-developed RT-PCR kit for testing monkeypox disease at the Andhra Pradesh Medtech Zone (AMTZ)
- The kit was Developed by Transasia Bio-Medicals in a tie-up with Erba Mannheim.
- It was unveiled by Principal Scientific Adviser to the Center Mr. Ajay Kumar Sood.
- The Transasia-Erba monkeypox RT-PCR kit is highly sensitive, but an easy-to-use test with uniquely formulated primer and probe for enhanced accuracy.
- The kit would help in early detection and better management of the infection which the World Health Organization (WHO) declared a public health emergency of international concern.
Other Key Highlights :
- According to WHO, monkeypox is a viral zoonosis a virus transmitted to humans from animals with symptoms similar to smallpox although clinically less severe.
- On July 14, 2022, the Kollam district of Kerala announced the country’s first case of monkeypox.
- Currently, India has reported 10 cases of monkeypox.
Note :
- Founder & Chairman of Transasia: Suresh Vazirani
Union Minister Dr. Jitendra Singh approves StartUp loan for manufacturing and commercializing “compostable” plastic; Rs 1.15 cr to TGP Bioplastics
- Union Minister of State Science & Technology Dr. Jitendra Singh approved a StartUp loan of Rs 1.15 crores to M/s TGP Bioplastics for commercializing “compostable” plastic and thus also mitigating the usage of Single Use Plastics (SUP).
- The startup has come up with an alternative solution of Single Use Plastic (SUP) with the prototype of a compostable plastic material that breaks down as compost in soil without affecting the environment.
- This unique project has received seed funding under the National Initiative for Developing & Harnessing Innovations (NIDHI) Prayas Department of Science & Technology (DST), National Institution for Transforming India (NITI) Aayog & United Nations Industrial Development Organisation (UNIDO) for the prototype development.
- The startup has developed a new composite material that is cheaper than the available compostable plastic (~Rs 180/kg), having comparable strength.
- The composite is a unique blend of Thermoplastic-Starch (TPS)-glycerin with some chemical modifications that provide higher strength with low manufacturing cost.
- Also, an MoU was signed between the Technology Development Board, a statutory body under the Department of Science & Technology, and M/s TGP Bioplastics Private Limited, Satara, Maharashtra for manufacturing & commercialization of compostable plastic.
CURRENT AFFAIRS: SPORTS NEWS
Manisha Kalyan becomes 1st Indian to play in the UEFA league:
- When Manisha Kalyan, a young striker for Apollon Ladies FC, made her debut in the European Club competition in Engomi, Cyprus, she became the first Indian player to compete in the UEFA Women’s Champions League.
- The 20-year-old made history in November 2021 when she scored the first goal ever by an Indian football player in the AFC Women’s Club Championship.
- For the national team and Gokulam Kerala in the Indian Women’s League, Kalyan put on spectacular displays (IWL).
- After Dangmei Grace joined FC Nasaf of Uzbekistan, Kalyan is the second player from Gokulam, Kerala, to sign with an international team.
- She just received the honor of being named the 2021–22 AIFF Women’s Footballer of the Year.
CURRENT AFFAIRS: BOOKS AND AUTHOR
Netanyahu’s Autobiography ‘Bibi: My Story’ Due Out in November
- This September, Benjamin Netanyahu, a former prime minister, will publish a memoir.
- In Israel, “Bibi: My Story” will be released on November 22.
- I have dedicated my life to battling the forces who seek the Jewish state’s eradication and establishing peace with those who do not, having been born one year after its foundation.
- My narrative is one of sorrow and victory, failures and victories, knowledge gained, and valued loved ones.
- It is intertwined with that of Israel, which has demonstrated how perseverance and faith can beat overwhelming challenges to create a glorious future Nibiyahu, age 72, said in a statement.
CURRENT AFFAIRS: OBITUARIES
Veteran filmmaker Abdul Gaffar Nadiadwala Passes away
- Veteran film producer Abdul Gaffar Nadiadwala passed away on Monday at the age of 91.
About Abdul Gaffar Nadiadwala :
- He started his film production and media entertainment company in 1953.
- His first film as a producer was the Dharmendra and Rekha-starrer family drama Jhutha Sach.
- He was known for his films including Mahabharat (1965), Jhutha Sach (1984), Lahoo Ke Do Rang (1997), Hera Pheri (2000), Welcome (2007) &, etc.
Daily CA on August 24:
- World Water Week 2022 will take place from August 23 to September 1.
- Shri Parshottam Rupala, Union Minister for Fisheries, Animal Husbandry, and Dairy, presented the “Aqua Bazar” online marketplace feature in the “MatsyaSetu” mobile app
- The 17th Pravasi Bhartiya Divas 2023 will take place in Indore in January of next year, according to Arindam Bagchi, a spokeswoman for the Ministry of External Affairs.
- The Super Vasuki, the Indian Railways’ newest train, underwent a test run.
- The first RT-PCR kit for monkeypox illness testing to be created locally was in India.
- The government has announced it has set a target to raise the share of natural gas in the energy mix to 15%, from 6.3% currently, in 2030.
- In the first quarter of FY23, outgoing transfers made a significant comeback under the Reserve Bank of India’s (RBI’s) liberalized remittance scheme (LRS), as Indians increased their expenditure on gifts, international vacations, and the upkeep of close relatives.
- When Manisha Kalyan, a young striker for Apollon Ladies FC, made her debut in the European Club competition in Engomi, Cyprus, she became the first Indian player to compete in the UEFA Women’s Champions League.
- This September, Benjamin Netanyahu, a former prime minister, will publish a memoir. In Israel, “Bibi: My Story” will be released on November 22.
- Punjab and Haryana governments agreed to name the Chandigarh international airport after freedom fighter Bhagat Singh.
- Assam Chief Minister Shri Himanta Biswa Sarma has launched a project ‘Vidya Rath- School on Wheels’ at a function held at the premises of Gauhati High Court in Assam.
- Sikkim Chief Minister Shri Prem Singh Tamang announced schemes for the welfare of women at Bhaichung Stadium in Namchi, Sikkim.
- As part of the Azadi Ka Amrit Mahotsav celebrations, Uttar Pradesh Chief Minister Shri Yogi Adityanath launched ‘Radio Jaighosh’ to mark the anniversary of Kakori Train Action.
- As per the latest Reserve Bank of India (RBI) data, the remittance by Indians under the liberalized remittance scheme (LRS) increased 64.75% in the first quarter(Q1) of FY23 to over $6.04 billion from $3.67 billion in Q1FY22.
- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 32 Lakh on the Indian Bank, for failing to submit a Flash Report for fraud involving amounts of at least 5.00 crore to the RBI as required by Section 47A(1)(c) of the Banking Regulation Act, 1949.
- The market regulator Securities Exchange Board of India (SEBI), has joined the Reserve Bank of India’s (RBI’s) Account Aggregator framework, which will allow customers to share information about their mutual fund and stock holdings with financial service providers.
- The Reserve Bank Of India (RBI) has issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm.
- The Insurance Regulatory and Development Authority of India (IRDAI) is set to roll out an upgraded version of the Integrated Grievance Redressal System (IGRS), a revamped grievance redressal mechanism as Bima Bharosa.
- The Center has extended the tenure of Mr. Meenesh C Shah, an executive director of the National Dairy Development Board (NDDB), to hold a charge as the Chairman of NDDB for another six months until November 30, 2022.
- India has developed the first indigenously-developed RT-PCR kit for testing monkeypox disease at the Andhra Pradesh Medtech Zone (AMTZ)
- Union Minister of State Science & Technology Dr. Jitendra Singh approved a StartUp loan of Rs 1.15 crores to M/s TGP Bioplastics for commercializing “compostable” plastic and thus also mitigating the usage of Single Use Plastics (SUP).
- Veteran film producer Abdul Gaffar Nadiadwala passed away on Monday at the age of 91.