Daily Current Affairs August 30 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: IMPORTANT DAYS

National Small Industry Day- 30 August

• The National Small Industry Day is observed in India on August 30 every year to encourage and promote small industries for their potential for overall growth as well as the chances they have been given to expand throughout the year.
• The purpose of industry day is to support the establishment of new industries and give balanced growth to the state’s current small, medium, and large-scale businesses.

HISTORY

• On August 30, 2000, the Ministry of Small-Scale Industries (SSI) introduced a comprehensive set of policies for the SSI sector.
• Small businesses in India are significantly supported by this strategy.
• After that, the Ministry decided to declare August 30 to be “SSI Day.”
• On August 30, 2001, the Ministry hosted an SSI Convention for SSI Entrepreneurs in New Delhi, along with a ceremony to give National Awards.

CURRENT AFFAIRS: NATIONAL NEWS

One Nation One Fertilizer is implemented by GoI:

• One Nation One Fertilizer: To unify fertilizer brands across the country, the government issued an order ordering all enterprises to promote their products under the brand name “Bharat”.
• According to the One Nation One Fertilizer order, all fertilizer bags containing urea, di-ammonium phosphate (DAP), muriate of potash (MOP), or NPK will bear the brand names “Bharat Urea,” “Bharat DAP,” “Bharat MOP,” and “Bharat NPK,” regardless of the company that manufactures them, whether in the public or private sector.
• One Nation One Fertilizer’s plan has drawn criticism from the fertilizer industry, which claims it would “destroy their brand value and market difference.”
• As part of the One Nation One Fertilizer initiative, under which the Central Government yearly subsidizes the fertilizer companies, the Pradhan Mantri Bhartiya Janurvarak Pariyojana (PMBJP) brand name and logo must be shown on the bags.
• One Nation One Fertilizer’s move may harm the fertilizer market since branding not only distinguish products but also help build a company’s image among farmers.

Shri Bhupender Yadav took part in the “Swachh Sagar, Surakshit Sagar” campaign:

• Shri Bhupender Yadav, a minister in the Union, took part in the “Swachh Sagar, Surakshit Sagar” campaign in Puducherry to encourage environmental sustainability.
• The 75-day “Swachh Sagar, Surakshit Sagar” campaign is a citizen-led initiative to improve coastal and ocean health via group effort.
• The Swachh Sagar, Surakshit Sagar campaign will come to an end on September 17, 2022, on International Coastal Cleanup Day, which will commemorate the program’s launch on July 5, 2022.
• The Swachh Sagar, Surakshit Sagar campaign aims to target lifestyle and changes in behavior that support environmental sustainability, through the Prime Minister’s global initiative on the “lifestyle for environment (LiFE) Movement,” which calls for human-centric and collaborative efforts to boost sustainable development.
• During the minister’s visit, Tamilisai Soundararajan, the Lieutenant Governor of Puducherry, and Thiru N. Rangaswamy, the Chief Minister of Puducherry, were also present for the Swachh Sagar, Surakshit Sagar campaign.

MoE hosted the Smart India Hackathon-2022:

• The Ministry of Education hosted the Smart India Hackathon-2022.
• Prime Minister Shri Narendra Modi engaged with the audience during the grand finale of the Smart India Hackathon-2022 (SIH 2022).
• Through video conference, the prime minister addressed the pupils in attendance.
• The Smart India Hackathon (SIH) Hardware and the Smart India Hackathon (SIH) Software are the two editions for 2022.
• The grand finales for hardware and software were set for August 25–29 and August 25–26, respectively.
• In 2017, the inaugural Smart India Hackathon (SIH) was held.
• The Smart India Hackathon aims to promote a culture of product innovation and a problem-solving attitude among students throughout the nation by providing them with a forum to address some of the most significant challenges that we face every day.

NITI Aayog declared Haridwar as the best aspirational district in India:

• The holy city of Haridwar in Uttarakhand has been named the greatest aspirational district by the NITI Aayog based on five criteria.
• Rakesh Ranjan, the director of NITI Aayog’s Aspirational Districts Program, publishes to the district collector of Haridwar and the chief secretary of Uttarakhand to inform them that the district has earned the right to an additional allocation of Rs 3 crore because it placed first in the theme of basic infrastructure.
• Five essential criteria are used by the NITI Aayog-launched Aspirational District Programme to assess each district’s success.
• These measures evaluate the block’s socioeconomic status.
• Health & Nutrition (30%)
• Education (30%)
• Agriculture & Water Resources (20%)
• Financial Inclusion & Skill Development (10%)
• Infrastructure (10%)

PM to inaugurate pedestrian-only ‘Atal Bridge’ on Sabarmati River:

• Prime Minister Narendra Modi will formally unveil the pedestrian-only “Atal Bridge” over the Sabarmati River in Ahmedabad, Gujarat.
• PM Modi is visiting for two days in his home state.
• Later, PM Modi went to the bridge on the spur of the moment.
• The Atal Bridge, according to a news release, connects the flower garden on the western end of the riverfront to the future arts and cultural center on the eastern end.
• Atal Bridge has a central section that is 14 meters broad and almost 300 meters long.
• The 300-meter Atal Bridge was built by the Ahmedabad Municipal Corporation and is named after the late prime minister Atal Bihari Vajpayee.
• The Atal Bridge will connect the event space and floral garden on the river’s western bank with the proposed arts and cultural center on its eastern bank.

CURRENT AFFAIRS: INTERNATIONAL NEWS

Germany Launches World’s First Hydrogen Train Fleet

• Germany has launched the world’s first fleet of hydrogen-powered passenger trains.
• The new locomotives are set to replace a diesel fleet in the state of Lower Saxony.
• The new fleet consists of 14 Coradia iLint hydrogen trains made by the French company Alstom and operated by regional rail company Lower Saxony Transport Authority (LNVG).
• In the project, Lower Saxony has invested $92 million in an attempt to make its economy greener.

About the hydrogen-powered passenger trains : 

• The new trains have the potential to save more than 422,000 gallons of diesel fuel per year by running on hydrogen power.
• The trains have a range of 621 miles and can travel at speeds of up to 140 km per hour (87 mph), though they will normally operate between 50 to 75 mph
• The hydrogen filling station has already been established along the route, which runs between the towns of Cuxhaven, Bremerhaven, Bremervoerde, and Buxtehude.
• A gallon of burned diesel fuel produces about 22 pounds of CO2, which means the fleet could cut CO2 emissions by up to 460 tons per year.

About Germany :

• President: Frank-Walter Steinmeier
• Capital: Berlin
• Currency: Euro (€) (EUR)

India GABON Business Council launched on the National Day of Gabon

• India GABON Business Council was launched by the Indian Economic Trade Organization (IETO) & the Embassy of GABON to enhance the trade relationships between both India & Gabon.
• The MoU was signed by the Charge D Affaires of the Gabon Embassy Josephine Patricia Ntyam- EHYA & the President of the IETO Dr. Asif Iqbal in New Delhi.
• Both India and Gabon are currently serving as non-permanent members of the UNSC (United Nations Security Council). 
• The Bilateral trade between both nations reached USD 1.12 billion in 2021-22.
• Gabon was among the first countries to sign and ratify the International Solar Alliance agreement.

Note :

• India is the 2nd largest destination for Gabonese exports.

About Gabon :

• President : Ali Bongo Ondimba
• Prime Minister : Rose Christiane Raponda
• Capital : Libreville
• Currency : Central African CFA franc

Bangladesh & India signs consultancy contract for 2 railway projects

• Bangladesh and India signed two contracts for the construction of a new broad-gauge line between Khulna-Darsana and the conversion of a meter gauge line into a dual-gauge line between Parbatipur and Kaunia under the Indian Line of Credit (LOC).
• The contract signing ceremony was held at the Railway Ministry in Dhaka, Bangladesh.

About Khulna-Darshana :

• The 126-kilometer long Khulna-Darshana broad gauge rail line will have 147 bridges over it including 4 Girder bridges and 143 RCC box culvert bridges.
• The project cost is Taka 3506 crore out of which Taka 2689 crore will come from the Indian Line of Credit.

About Parbatipur-Kaunia :

• The project for the conversion of the meter gauge line from Parbatipur to Kaunia to a dual gauge line will cover a distance of 57 kilometers.
• It has seven railway stations as well as 47 bridges including 14 girder bridges and 33 box culvert bridges.
• These projects will enhance rail connectivity in Bangladesh and have the potential to transform cross-border goods movement, boosting sub-regional growth.

Note :

• Railway Minister of Bangladesh: Md. Nurul Islam Sujan

About Bangladesh :

• President: Abdul Hamid
• Prime Minister: Sheikh Hasina
• Capital: Dhaka
• Currency: Taka

CURRENT AFFAIRS: STATE NEWS

Goa to implement a 100% NEP in higher education from next academic year

• Goa Chief Minister Shri Pramod Sawant announced that it will implement 100% of the syllabus in higher education institutes along the lines of the National Education Policy (NEP) from the next academic year
• The implementation of NEP from college to university level has already started.
• Also, Goa has signed a memorandum of understanding (MoU) with around 35 industry associations in the state who will work on skill development.

About Goa :

• Governor: P. S. Sreedharan Pillai
• Chief Minister : Pramod Sawant
• Capital : Panaji (Panjim)
• Airport:   Goa International Airport (Dabolim)

CURRENT AFFAIRS: BANKING & FINANCE

NMDFC signs MoU with ICICI Bank for development of banking software & app

• The National Minorities Development and Finance Corporation (NMDFC) has signed a Memorandum of Understanding (MoU) with ICICI Bank for the development of financial accounting software and mobile application.
• The MoU provides for the development of financial accounting software for NMDFC and State Channelizing Agencies (SCAs), loan accounting software for receiving and processing loan applications, and accounting of repayments from beneficiaries.
• ICICI Bank will design, develop and deploy the application for NMDFC, provide source code and executable database information among others
• The software will bring greater transparency and speed of transactions in the loaning and accounting process of NMDFC as well as SCAs.
• This will also facilitate the submission of online applications by the targeted beneficiaries.

About NMDFC :

• Established: September 1994
• Headquarters: New Delhi, Delhi, India
• Chairman & Managing Director: Rakesh Sarwal
• It comes under the ministry of minority affairs.

Purpose :

• To provide concessional finance for self-employment and income generation activities to the backward sections amongst the minority communities.

About ICICI Bank :

• Founded: 5 January 1994
• Headquarters: Vadodara, Gujarat
• MD & CEO: Sandeep Bakhshi

IRDAI provides more flexibility to insurers, eases limits for commissions

• The Insurance Regulatory and Development Authority of India (IRDAI) provided insurers with more flexibility in paying commissions by linking limits to the overall portfolio and company management expenses.
• The maximum fee sanctioned for non-life merchandise has been pegged at 20% of the Gross Written Premium (GWP) in India in that monetary 12 months.

Key Highlights :

• The insurers of commission and remuneration should be based on a board-approved policy which will be reviewed every year.
• No commission shall be payable to insurance agents or the insurance intermediaries in the direct business, and the insurers must grant discounts on the premium.
• For life companies, IRDAI has proposed to link commissions with expenses of management (EoM).

About IRDAI :

• Established: 1999
• Headquarters: Hyderabad, Telangana
• Chairperson: Debasish Panda
• IRDAI is a regulatory body under the jurisdiction of the Ministry of Finance, GoI & is tasked with regulating and licensing the insurance and reinsurance industries in India.

Bank credit growth increased to 14.2% in Q1FY23: RBI data

• The Reserve Bank of India (RBI) released the ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) for June 2022’ showing a Bank credit growth accelerated to 14.2% in the quarter ended June 2022 (Q1FY23) from 6% in Q1FY22.
• This data is collected from all scheduled commercial banks (SCBs), which include regional rural banks (RRBs), small finance banks (SFBs), and payments banks (Pbs)
• In the quarter that ended March 2022, bank credit had expanded by 10.8%.

Key Highlights :

• Aggregate deposit growth (year-on-year) has remained in the range of 9.5 – 10.2% during the last five quarters.
• Metropolitan branches continue to account for over half of the bank deposits and their share increased marginally over the last year.
• The share of current account and savings account (CASA) deposits in total deposits has been increasing over the last three years (42% in June 2020, 43.8% in June 2021, and 44.5% in June 2022).
• In June 2022, the credit-deposit (C-D) ratio stood at 73.5% at the all-India levels (70.5% a year ago) and 86.2% for metropolitan branches of banks (84.3% a year ago).

About RBI :

• Established: 1 April 1935
• Headquarters: Mumbai, Maharashtra, India
• Governor : Shaktikanta Das
• Deputy governors: Mahesh Kumar Jain, M. Rajeshwar Rao, Michael Patra, and T. Rabi Shankar

Axis Bank & KMRL launches Kochi1 card campaign 

• Axis Bank has decided to roll out campaigns along with the Kochi Metro Rail Ltd (KMRL) to promote its Kochi1 card amongst metro commuters.
• This would help daily commuters save considerably more with discounted metro fares.
• It has announced offers for Kochi-1 smart card holders in connection with Onam.
• The cardholders also get lounge access and discounts on bus tickets.
• So far, 1.3 lakh Kochi1 cards have been issued by Axis Bank.
• The Axis Bank has partnered with Amazon Pay to provide discounts on recharges, utility, and bill payments, making the Kochi1 Card the one-stop solution for all the needs of Kochiites.
• Also, Axis Bank’s flagship ‘Dining Delights’ offer has been extended to Kochi1 card holders, through which they can avail discounts on food and beverage bills.
• Customers can also avail of dine-out deals with EazyDiner while using their Kochi1 card.

About Axis Bank :

• Founded : 3 December 1993
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Amitabh Chaudhry

About KMRL :

• Founded: 2 August 2011
• Headquarters: Kochi, Kerala, India

CURRENT AFFAIRS: BUSINESS NEWS

Google announced a program for 100,000 developers in India:

• An initiative to train 100,000 Indian engineers and researchers in cyber security has been announced by IT juggernaut Google.
• The campaign will be a part of the company’s Cyber Security Roadshow, which will visit many locations in India and provide tools, lessons, and mentorship on security standards for creating both consumer apps and corporate programs.
• The goal of the upskilling initiative is to upskill 100,000 lakh engineers in India.
• It will focus on two primary program areas: Android and Google Cloud.
• While the Android upskilling program will benefit developers producing consumer-facing apps, the Google Cloud upskilling initiative will target commercial developers and security managers.
• Google’s action follows calls from industry participants for improved upskilling standards among developers in the nation.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

RJD leader Shri Awadh Bihari Chaudhary was unanimously elected as Bihar Assembly Speaker

• Senior Rashtriya Janata Dal (RJD) leader Shri Awadh Bihari Chaudhary was unanimously elected Speaker of the Bihar Legislative Assembly under Nitish Kumar-RJD led Mahagathbandhan.
• He replaced former Assembly Speaker Shri Vijay Kumar Sinha as the 17th Speaker of the Bihar Assembly.

About Shri Awadh Bihari Chaudhary :

• Shri Awadh Bihari Chaudhary was elected MLA from Siwan in 1985, 1990, 1995, 2000, and in February 2005 and 2020.
• He also served as an Education Minister of Bihar in the Rabri Devi government.

About Bihar :

• Governor: Phagu Chauhan
• Chief minister: Nitish Kumar
• Capital: Patna

SP Jain professor Mr. Ananth Narayan appointed as whole-time SEBI member

• Ananth Narayan Gopalakrishnan, an associate professor at SP Jain Institute of Management and Research (SPJIMR), has been appointed as a whole-time member of the Securities and Exchange Board of India (SEBI).
• He will hold office for 3 years.
• With this appointment, Mr. Ananth Narayan becomes the fourth whole-time member of SEBI.
• The other three WTMs include SK Mohanty, Ananta Barua, and Ashwani Bhatia.

About Mr. Ananth Narayan Gopalakrishnan :

• Narayan has served as the RBI-nominated additional director on the YES Bank board.
• He has worked with Citibank, Deutsche Bank, and Standard Chartered Bank. 
• He served as an independent director at SBI Capital Markets Ltd, Clearcorp Dealing Systems Ltd, CARE Ratings Ltd, Agappe Diagnostics Ltd, Southern Ridges Macro Fund, and Southern Ridges Master Macro Fund.
• He has strong expertise in foreign currency, interest rates, derivatives, and debt capital markets.
• He is a senior India analyst at the observatory group and is a public interest director for the NSE IFSC GIFT City in Gujarat and the National Securities Clearing Corporation.
• Before joining SP Jain, Mr. Narayan was the Regional Head of Financial Markets for ASEAN and South Asia at Standard Chartered Bank. 

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.

AICF appoints Vipnesh Bharadwaj as interim secretary 

• The All India Chess Federation (AICF) appointed Mr. Vipnesh Bharadwaj as its interim secretary after the Delhi High Court reiterated its order of removing former chief Bharat Singh Chauhan.
• On June 2, 2022, the Delhi HC passed an order and unseated Chauhan.
• However, on June 7, 2022, the Supreme Court overruled the HC’s decision & reinstated Chauhan in his post till August 15, 2022, keeping in mind the 44th Chess Olympiad.

Note :

• The 44th Chess Olympiad was held in Mamallapuram in Tamil Nadu from July 28 to August 9, 2022.
• The 44th Chess Olympiad was organized by AICF in association with the International Chess Federation (FIDE) and the Tamil Nadu Government led by Chief Minister M. K. Stalin

About AICF :

• Founded: 1951
• President: Sanjay Kapoor
• Secretary: Bharat Singh Chauhan

CURRENT AFFAIRS: DEFENCE NEWS

DRDO Successfully developed guided rockets for the Pinaka weapon system

• The Ministry of Defence approved three Defence Research and Development Organisation (DRDO) projects: Guided Extended Range ammunition, Aerial Denial Munition Type I, and Infantry Combat Vehicle – Command.
• It would give a significant boost to the Indian Army
• All three of these products have been designed and developed by DRDO.
• The total value of these three proposals is Rs 8,599 crore

About Guided Extended Range ammunition :

• It has a range of 75 km with an accuracy of 40 meters.

About Aerial Denial Munition Type I :

• It contains dual-purpose submunitions that are capable of neutralizing both tanks and armored personnel carriers as well as vehicle-entrenched troops

About Infantry Combat Vehicle – Command :

• It is equipped with technology to collect, disseminate, share and present real-time information to commanders to facilitate quick decision-making for the execution of tasks.

About DRDO :

• Established: 1958
• Headquarters: New Delhi, Delhi, India
• Chairman: Dr. Sameer V Kamath
• DRDO is the premier agency under the Department of Defence Research and Development in the Ministry of Defence of the GoI.

Indian Navy receives first-ever fully indigenous AK-630 gun ammunition

• The Indian Navy received its first-ever fully Made in India 30mm ammunition for AK-630 guns fitted on warships.
• Satyanarayan Nuwal, Chairman & Managing Director (CMD) of the Solar Group, handed over the first consignment of the ammunition to Vice Chief of Naval Staff Vice Admiral SN Ghormade.
• The Economic Explosives Ltd. from Nagpur supplied the indigenous 30mm gun ammunition to the Indian Navy, which was received by the Vice Chief of the Naval Staff, Vice Admiral SN Ghormade.
• It is the first time that the services have placed an order on the Indian private industry for the delivery of complete gun ammunition.
• It has been done in 12 months and all components are indigenous.
• The Indian Navy has provided technical support in terms of the finalization of drawings, design specifications, inspection tools, proof, and testing of ammunition
• With the collaborative approach, the Indian Navy has been able to successfully develop an alternate source of supply for 30mm ammunition.

About Indian Navy :

• Founded: 26 January 1950
• Headquarters: New Delhi, Delhi, India
• Chief of the Naval Staff: Admiral R. Hari Kumar

Govt grants permission to defense forces to buy emergency weapons through the Make in India route

• The Government of India (GoI) has granted permission to defense forces to buy emergency weapons through the Make in India route. 
• The approval was given in a meeting of the Defence Ministry which was headed by Defence Minister Shri Rajnath Singh. 
• These emergency powers give the defense forces to acquire any new or in-service equipment on a fast-track basis as per requirement.
• The equipment will be delivered within a time frame of 3 months to 1 year.
• The Indian Air Force (IAF) & the Army received ‘Heron’ unmanned aerial vehicles (UAV) which have now been deployed for surveillance in Ladakh as well as in the northeastern region.
• Other acquisitions include missiles that can hit ground targets like bunkers from a long distance.

CURRENT AFFAIRS: SPORTS NEWS

Judo World Championships: Linthoi Chanambam Wins India’s First-ever Gold Medal

• In the Women’s 57kg division at the World Judo Cadet (U18) Championships, Indian judoka Linthoi Chanambam made history by earning India’s first-ever Gold medal in Judo World Championships.
• Bianca Reis of Brazil was defeated by the 15-year-old judoka in the 57-kg division final.
• The first Indian judoka to medal in any age group division at the World Championships was Linthoi Chanambam.
• One of India’s top judokas in recent years, the 15-year-old is also a participant in the TOPS program run by the Indian government.
• She first gained attention in 2017 when she won a gold medal in the Sub-Junior National Judo Championships.
• Since then, she has been training in judo at JSW’s Inspire Institute of Sports.

Virat Kohli becomes 1st Indian to play 100 Matches in each format:

• Cricket legend Virat Kohli has played 100 matches in each of the game’s three formats, making him the first Indian and only the second player overall in history.
• Since making his international debut in August 2008, Kohli has played in 100 T20 Internationals in addition to 102 Tests and 262 One-Day Internationals.
• He has 30 half-centuries in this format, and his highest individual score for India in this format is 94.
• With 3308 runs scored at an astounding average of 50.1 for Team India in T20I cricket, Kohli holds a remarkable record.
• Ross Taylor of New Zealand, who retired from international cricket in April of this year, was the first person to do so.
• Between 2006 and 2022, the 38-year-old played in 102 T20Is, 236 ODIs, and 112 Tests for his nation.
• While Rohit Sharma and Shoaib Malik have played more than 100 T20I and ODI games, respectively, they have not yet reached the milestone of 100 test matches.
• In actuality, Malik has already made his test cricket retirement announcement.

Rohit Sharma overtakes Martin Guptill to become the leading run-scorer in T20:

• Martin Guptill of New Zealand was overtaken by Indian captain Rohit Sharma to take the top spot among men’s T20 international run scorers.
• Rohit Sharma has so far made 4 hundred and 26 half-centuries for India in 133 short-format games.
• With 3499 runs in the format as of right now.
• Martin Guptill, who has run scored 3497 runs, is next.
• With 3341 runs from 100 games, Virat Kohli is the third-highest scorer in men’s T20 Internationals.
• In T20 Internationals, Rohit shares the record for the fastest hundred. In a T20I match against Sri Lanka in December 2017, Rohit scored a 35-ball century to tie South African David Miller’s 35-ball century from barely two months earlier.
• With a 35-ball century against Turkey in 2019, S Wickramasekara of the Czech Republic tied Miller and Rohit for third place.

Daily CA on August 30:

• The National Small Industry Day is observed in India on August 30 every year to encourage and promote small industries
• One Nation One Fertilizer: To unify fertilizer brands across the country, the government issued an order ordering all enterprises to promote their products under the brand name “Bharat”.
• Shri Bhupender Yadav, a minister in the Union, took part in the “Swachh Sagar, Surakshit Sagar” campaign in Puducherry to encourage environmental sustainability.
• The Ministry of Education hosted the Smart India Hackathon-2022.
• The holy city of Haridwar in Uttarakhand has been named the greatest aspirational district by the NITI Aayog based on five criteria.
• Prime Minister Narendra Modi will formally unveil the pedestrian-only “Atal Bridge” over the Sabarmati River in Ahmedabad, Gujarat.
• An initiative to train 100,000 Indian engineers and researchers in cyber security has been announced by IT juggernaut Google.
• In the Women’s 57kg division at the World Judo Cadet (U18) Championships, Indian judoka Linthoi Chanambam made history by earning India’s first-ever Gold medal in Judo World Championships.
• Cricket legend Virat Kohli has played 100 matches in each of the game’s three formats, making him the first Indian and only the second player overall in history.
• Martin Guptill of New Zealand was overtaken by Indian captain Rohit Sharma to take the top spot among men’s T20 international run scorers.
• Germany has launched the world’s first fleet of hydrogen-powered passenger trains.
• India GABON Business Council was launched by the Indian Economic Trade Organization (IETO) & the Embassy of GABON to enhance the trade relationships between both India & Gabon.
• Bangladesh and India signed two contracts for the construction of a new broad-gauge line between Khulna-Darsana and the conversion of a meter gauge line into a dual-gauge line between Parbatipur and Kaunia under the Indian Line of Credit (LOC).
• Goa Chief Minister Shri Pramod Sawant announced that it will implement 100% of the syllabus in higher education institutes along the lines of the National Education Policy (NEP) from the next academic year
• The National Minorities Development and Finance Corporation (NMDFC) has signed a Memorandum of Understanding (MoU) with ICICI Bank for the development of financial accounting software and mobile application.
• The Insurance Regulatory and Development Authority of India (IRDAI) provided insurers with more flexibility in paying commissions by linking limits to the overall portfolio and company management expenses.
• The Reserve Bank of India (RBI) released the ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) for June 2022’ showing a Bank credit growth accelerated to 2% in the quarter ended June 2022 (Q1FY23) from 6% in Q1FY22.
• Axis Bank has decided to roll out campaigns along with the Kochi Metro Rail Ltd (KMRL) to promote its Kochi1 card amongst metro commuters.
• Senior Rashtriya Janata Dal (RJD) leader Shri Awadh Bihari Chaudhary was unanimously elected Speaker of the Bihar Legislative Assembly under Nitish Kumar-RJD led Mahagathbandhan.
• Ananth Narayan Gopalakrishnan, an associate professor at SP Jain Institute of Management and Research (SPJIMR), has been appointed as a whole-time member of the Securities and Exchange Board of India (SEBI).
• The All India Chess Federation (AICF) appointed Mr. Vipnesh Bharadwaj as its interim secretary after the Delhi High Court reiterated its order of removing former chief Bharat Singh Chauhan.
• The Ministry of Defence approved three Defence Research and Development Organisation (DRDO) projects: Guided Extended Range ammunition, Aerial Denial Munition Type I, and Infantry Combat Vehicle – Command.
• The Indian Navy received its first-ever fully Made in India 30mm ammunition for AK-630 guns fitted on warships.
• The Government of India (GoI) has granted permission to defense forces to buy emergency weapons through the Make in India route.