Daily Current Affairs September 20 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: NATIONAL NEWS

Mr. Dharmendra Pradhan launched Ramakrishna Mission’s Awakening program:

• Shri Dharmendra Pradhan, Union Minister for Education, Skill Development, and Entrepreneurship, launched the Ramkrishna Mission ‘Awakening’ Program for kids in grades I to V.
• Swami Shantatmanada, Secretary of the Ramkrishna Mission, Smt Nidhi Chibber, Chairperson CBSE, and other KVS, NVS, and Ministry officials attended the event.
• According to Shri Dharmendra Pradhan, NEP 2020 is influenced by Swami Vivekananda’s worldview.
• One of the primary purposes of education is social reform, and ideals and knowledge are more essential than mere prosperity.
• Ramkrishna Mission has a long history of providing practical education.

Gajendra Singh Shekhawat has declared Andaman and Nicobar Islands as India’s first Swachh Sujal Pradesh:

• Union Jal Shakti Minister Gajendra Singh Shekhawat has declared Andaman and Nicobar Islands as India’s first Swachh Sujal Pradesh.
• He handed over the certificate to Lieutenant Governor Admiral DK Joshi.
• Now, all villages of Andaman and Nicobar Island have been certified as Har Ghar Jal and verified as open defecation free – ODF plus.
• As per numerous efforts, the sanitation level of the country has widened and ODF status has been achieved before the set target as per Sustainable Development Goals, which is a remarkable achievement.
• He further stated that now the focus has been shifted to basics like water, toilets, and sanitation as more than one lakh 10 thousand villages became ODF plus.

CURRENT AFFAIRS: STATE NEWS

UP tops the chart among states in trials pending in fast-track courts

• According to data shared by Law Minister Shri Kiren Rijiju with the chief justices of the high courts, Uttar Pradesh (UP) accounts for more than 70% of the 13.81 lakh pending trials in fast-track courts in cases of heinous crimes against women, children, and senior citizens.

Key Highlights :

• According to the details, more than 9.33 lakh cases are pending in the fast-track courts of UP, followed by over 1.4 lakh cases in Maharashtra, 1.06 lakh cases in Tamil Nadu, 71,260 cases in West Bengal (WB) & 12,538 cases in Telangana.
• With more than 60,000 cases pending in the Fast-Track Special Courts (FTSC), UP also tops the list of the states where trials in rape cases and matters under the Protection of Children from Sexual Offences (POCSO) Act are yet to be concluded.
• It is followed by Maharashtra has nearly 43,000 cases pending in the FTSCs, West Bengal 35,653, Bihar (22,592), Tamil Nadu (20,037), Odisha (19,214), Rajasthan (18,077), Kerala (14,392), Gujarat (12,347) and Telangana (12,248).
• As many as 3,28,556 cases are pending in the FTSCs across 28 states and Union territories (UTs).
• FTSCs were set up under a centrally-sponsored scheme for an expeditious trial of rape and POCSO Act cases.

About UP :

• Governor : Anandiben Patel
• Chief Minister: Yogi Adityanath
• Capital: Lucknow

Delhi & Punjab join hands to curb stubble burning through bio-decomposer

• The governments of Delhi and Punjab have joined hands to use Pusa bio-decomposer, a microbial solution that can decompose paddy straw in 15 to 20 days on 5,000 acres to prevent stubble burning, a major cause of air pollution.
• As part of a pilot project to be implemented with the help of the Indian Agricultural Research Institute (IARI), bio-decomposer will be sprayed over 5,000 acres or 2,023 hectares of land in
• The spraying of bio-decomposer costs just Rs 30 per acre.
• According to the IARI, Punjab had reported 71,304 farm fires between September 15 and November 30, 2021, and 83,002 farm fires in the corresponding period in 2020.

Background :

• In July 2022, the Delhi and Punjab governments jointly sent a proposal to the Center and the Commission for Air Quality Management to help them give cash incentives to farmers in the agrarian state for not burning stubble.

About Delhi :

• Governor: Vinai Kumar Saxena
• Chief Minister : Arvind Kejriwal
• Capital: New Delhi

About Punjab :

• Governor: Banwarilal Purohit
• Chief minister: Bhagwant Mann
• Capital: Chandigarh

Center & Govt of Assam signs tripartite peace accord with 8 tribal outfits

• The Center and Assam government signed a tripartite peace accord with eight tribal outfits of Assam. 
• The accord was signed in the presence of Union Home Minister Shri Amit Shah.

The 8 rebel groups include :

• Birsa Commando Force (BCF)
• Adivasi People’s Army (APA)
• All Adivasi National Liberation Army (AANLA)
• Adivasi Cobra Military of Assam (ACMA)
• Santhali Tiger Force (STF)
• The remaining three outfits are splinter groups of BCF, AANLA, and ACMA.
• These 8 tribal militant groups have been in a ceasefire with the government since 2012
• The accord was signed 10 years after the peace process started.
• The agreement will prove to be another milestone in the direction of making North East region extremism free by 2025.
• In an arms-laying ceremonial function held at Srimanta Sankardev Kalakshetra in Guwahati, 169 insurgents of the United Gorkha People’s Organisation (UGPO) and 77 insurgents of the Tiwa Liberation Army (TLA) laid down their arms.

About Assam :

• Governor : Jagdish Mukhi
• Chief Minister : Himanta Biswa Sarma
• Capital: Dispur

CURRENT AFFAIRS: BANKING & FINANCE

Edelweiss General Insurance partners with Repco Home Finance to offer property insurance cover

• Digital insurer Edelweiss General Insurance (EGI) has tied up with Repco Home Finance Ltd (RHFL) to offer insurance solutions to all home loan customers of RHFL.

About the Partnership :

• Through this partnership, EGI will offer property insurance cover and loan protection cover to RHFL’s customers through their branches spread across India.
• As per the Edelweiss General Insurance, a property insurance cover is for protecting a home against fire and all-natural calamities, while a loan protection cover helps safeguard the customer’s repayment of loans in case of any unforeseen accident.
• EGI will offer customized, affordable, and convenient insurance solutions to financially protect loan borrowers.

About Edelweiss General Insurance :

• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Shanai Ghosh

About RHFL :

• Founded: 2000
• Headquarters: Chennai, Tamil Nadu, India
• CEO: K. Swaminathan

CURRENT AFFAIRS: BUSINESS NEWS

India’s CAD Likely to Remain Within 3% of GDP:

• A weak currency and high gasoline costs will keep India’s current account deficit (CAD) under strain, with economists expecting it to be about 3% of GDP in FY23, up from 1.2% in FY22, putting pressure on government finances.
• Subsidy spending is expected to climb far above projections.
• Higher oil import bills as a result of the weak currency would affect various industries, including fertilizers and metals, as well as fewer dividend collections from state-run gasoline dealers, whose margins will be impacted.
• In intraday trade, the rupee fell to a historic low of 80 versus the US dollar, before ending at 79.95.

CURRENT AFFAIRS: AWARDS AND HONOUR

Union Minister Dr. Jitendra Singh presents INSPIRE awards to 60 startups:

• Union Minister Dr. Jitendra Singh awarded INSPIRE Awards to 60 entrepreneurs, as well as financial assistance to 53,021 students, on behalf of the Ministry of Science and Technology.
• The prize is sponsored by the Government of India’s Department of Science and Technology (DST), and these innovators will receive full incubation assistance throughout their entrepreneurial journey.
• In 2020-21, the annual INSPIRE Awards MANAK (Million Minds Augmenting National Aspiration and Knowledge) competition drew an unprecedented 6.53 lakh ideas and inventions from all states and UTs.
• The scheme attained an unprecedented level of inclusivity by representing the ideas and innovations of 702 districts (96%), including 123 out of 124 aspirational districts, 51% representation from girls, 84% participation from schools in rural areas of the country, and 71% of schools run by State/UT Governments.

GRSE has been awarded the prestigious ‘Rajbhasha Kirti Puraskar’ for 2021-22:

• Garden Reach Shipbuilders and Engineering Limited (GRSE), Kolkata, has been awarded the ‘Rajbhasha Kirti Puraskar’ by the Government of India’s Ministry of Home Affairs.
• The Government of India recognized GRSE for the finest application of official language in public sector undertakings in Region ‘C’ for the fiscal year 2021-22.
• Shri Ajay Kumar Mishra, Hon’ble Union Minister of State for Home, received the ‘Rajbhasha Kirti Puraskar.’
• The prize was awarded during the Surat Hindi Diwas Celebration.
• Shri Amit Shah, Hon’ble Union Minister of Home Affairs and Corporation presided over the Hindi Diwas Celebration.
• Shri Bhupendra Bhai Patel, Hon’ble Chief Minister of Gujarat, and Shri Nishith Pramanik, Hon’ble Union Minister of State for Home Affairs, as well as other Union and State Cabinet Ministers, MPs, and MLAs presided over the event.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Indian Navy signed an MoU with Amity University for Academic Cooperation:

• Amity University Uttar Pradesh inked an MoU with the Indian Navy to establish a long-term academic collaboration connection.
• The Memorandum of Understanding between Amity University and the Indian Navy will improve educational credentials, increasing the likelihood of ‘in-service’ acceptable nautical assignments and better postings in retirement from the Indian Navy.
• The MoU between Amity University and the Indian Navy calls for specialized courses in specialized sectors for the Indian Navy.
• 5G Technology and IoT, Control System Integration, AI, Blockchain, Machine Learning, Cryptology, Data Science, Big Data Analysis, Digital Marketing, Computer Networks, Anti Drone Warfare, Cyberwarfare, Security, Automation, Surveillance, and Tracking are among the different fields.
• This will also help to improve the ‘Scholar Warriors,’ who will be able to think more clearly and adapt to future war problems.
• This training will help naval people get better postings.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Swedish PM Magdalena Ms. Andersson announces resignation after losing the election

• Sweden’s Social Democratic Prime Minister Ms. Magdalena Andersson resigned from the post after her center-left bloc lost narrowly to a bloc of right-wing parties, 176 seats to 173, with 99% of the votes counted.
• She will continue in caretaking until a new government is formed.
• Moderate Party leader Ulf Kristersson is now expected to form a government.

Note :

• Magdalena Andersson was Sweden’s first female prime minister

About Ms. Magdalena Andersson :

• Magdalena Andersson is a Swedish politician and economist
• She joined the Swedish Social Democratic Youth League in 1983.
• She served as Prime Minister of Sweden and leader of the Swedish Social Democratic Party since 2021.

About Sweden :

• Capital: Stockholm
• Currency: Swedish krona

Govt appoints Mr. Thomas M Devasia as member of IRDAI

• The government has appointed Thomas M Devasia – a senior executive from the private sector – as a member (non-life) of the Insurance Regulatory and Development Authority of India (IRDAI).
• He has appointed a consolidated pay package of Rs 4 lakh with effect from the date of assumption of charge of the post till attaining the age of 62 years until further order, whichever is earlier.
• Currently, Mr. Thomas M Devasia is a technical expert at Marsh Insurance Brokers India working in Kochi, Kerala.
• This is the first time that the Government has appointed a senior executive from the private sector as a member of IRDAI.

About IRDAI :

• Established: 1999
• Headquarters: Hyderabad, Telangana
• Chairperson: Debasish Panda
• IRDAI is a regulatory body under the jurisdiction of the Ministry of Finance, Government of India, and is tasked with regulating and licensing the insurance and reinsurance industries in India.
• It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the

Mr. Prasanna Kumar Motupalli selected as CMD of NLC India Limited

• The public enterprise selection board (PESB) selected Mr. Prasanna Kumar Motupalli as the Chairman and Managing Director of NLC India Limited.
• In the selection meeting, PESB interviewed 3 others apart from her including Suresh Chandra Suman Director (Mining) from NLC India Limited, T S C Bosh, Executive Director, of Rural Electrification Corporation, and Sanjay Kulshrestha, Executive Director, of Rural Electrification Corporation.

About Mr Prasanna Kumar Motupalli :

• He is a gold medalist in Mechanical Engineering and a Master of Business Management in Operations Mgmt., HR Management, Marketing Management, and Financial Management
• Currently, Mr. Prasanna Kumar Motupalli is serving as the Executive Director of NTPC limited.

About NLC India Limited :

• Founded: 1956
• Headquarters: Chennai, Tamil Nadu, India

CSB Bank appoints Mr. Pralay Mondal as the MD & CEO

• On the approval received from the Reserve Bank of India (RBI), CSB Bank Limited (erstwhile Catholic Syrian Bank Limited) has appointed Mr. Pralay Mondal as the Managing Director (MD) & Chief Executive Officer (CEO) of the Bank for a period of 3 years up to September 14, 2025.

About Mr. Pralay Mondal :

• With 30 years of experience, Mr. Mondal has headed multiple businesses and functions including retail assets, retail liabilities, business banking, products, and technology.
• Mondal joined the CSB Bank as President (Retail, SME, Operations, and IT) on September 23, 2020, and was appointed as the Deputy Managing Director of the Bank with effect from February 17, 2022.
• He held the position of interim Managing Director & CEO of the CSB Bank with effect from April 1, 2022.
• Before CSB Bank, Mondal was associated with Axis Bank as the Executive Director & Head of Retail Banking. 
• He worked with a range of companies namely Yes Bank, HDFC, Standard Chartered Bank, Wipro, and

About CSB Bank Ltd :

• Founded: 26 November 1920
• Headquarters: Thrissur, Kerala, India

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

Adani Group acquires Ambuja & ACC to become India’s second-largest cement maker

• The Adani group has completed the acquisition of major cement players Ambuja Cements Limited and ACC Limited, becoming India’s second-largest cement player.
• After the transaction, Adani holds a 63.15% stake in Ambuja Cements and 56.69% in ACC (of which 50.05% is held through Ambuja Cements).
• The acquisition of Ambuja Cements and ACC is the largest acquisition ever by the Adani Group, and India’s largest ever in the infrastructure and materials space.
• Ultratech Cement is the largest player with a market valuation of over Rs 1.87 lakh crore.
• The Gautam Adani-led group has paid $6.4 billion (over 51,000 crores) in cash to acquire Switzerland-based Holcim.
• The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in both entities as per SEBI [Securities and Exchange Board of India] regulations.”
• Ambuja Cements and ACC currently have a combined installed production capacity of 67.5 Million Tonnes Per Annum (MTPA).

State Bank of India to acquire balance stake in SBI Global Factors

• The State Bank of India (SBI) has acquired 13.82% (ie 2,20,98,780 equity shares) stake of SBI Global Factors Ltd (SBIGFL) from its existing shareholders Small Industries Development Bank of India (SIDBI) 6.53%, Union Bank of India (UBI) 2.95% and Bank of Maharashtra (BoM) 4.34%.
• The transaction entailed cash consideration of Rs 67.84 crore (Rs 30.70 per share).
• The transaction is expected to be completed in September 2022.

About SBI :

• Founded: 1 July 1955
• Headquarters: Mumbai, Maharashtra, India
• Chairman: Dinesh Kumar Khara

CURRENT AFFAIRS: DEFENCE NEWS

BSF’s first female camel riding squad ready to be deployed along the India-Pakistan border in Rajasthan and Gujarat

• The Border Security Force’s (BSF’s) first female camel riding squad is ready to be deployed along the India-Pakistan border in Rajasthan and
• The squad participated for the first time in the BSF Raising Day Parade on 1st December 2022.
• This Squad will be the first of its kind in the world.
• Intensive training was given to this squad at the Bikaner Regional Headquarters of BSF under the supervision of skilled trainers.

About BSF :

• Founded: 1 December 1965
• Headquarters: New Delhi, Delhi, India.
• Director General: Pankaj Kumar Singh
• It is one of the seven Central Armed Police Forces (CAPF) of India.
• It is the only CAPF to have a Water Wing, Air Wing, and an Artillery Regiment.
• It comes under the Ministry of Home Affairs.
• The BSF is the only force in the country to have the Camel Contingents and the Camel Mounted Band.

CURRENT AFFAIRS: SPORTS NEWS

Sunil Chhetri-led Bengaluru FC wins maiden Durand Cup title:

• Sunil Chhetri’s Bengaluru FC defeated Mumbai City FC 2-1 in the 131st Durand Cup final at the Vivekananda Yuba Bharati Krirangan in Kolkata.
• Bengaluru won the title thanks to goals from Siva Sakthi in the 10th minute and Alan Costa in the 61st.
• In an interesting contest, Apuia scored the lone goal for Mumbai.
• Sunil Chhetri also had two good chances to score, one in the 69th minute when his left-footed effort missed the goal and again in the 87th when he was one-on-one with the keeper, but Lachenpa came up big both times.

Devendra Jhajharia clinched a silver medal in the World Para Athletics Grand Prix:

• Indian javelin thrower and Paralympics gold medalist Devendra Jhajharia clinched a silver medal for the country in the World Para Athletics Grand Prix held in Morocco.
• Devendra threw the javelin to a distance of 60.97 m to capture the silver.
• Also, India’s Ajit Kumar won the gold by achieving the best throw of 64 m.
• He thanked the Government of India for assisting him via the Target Olympic Podium Scheme (TOPS).
• Devendra is a three-time Paralympics medalist.
• He won Gold in the 2004 Athens and 2016 Rio editions of the Paralympics.
• In the 2020 Paralympics in Tokyo, he won a silver medal for his nation.
• Also in World Para Athletics Championships, he won a gold medal in 2013 at Lyon while he won a silver medal in 2015 in Doha.
• In the end, the Blues had done enough to capture their seventh national championship.

CURRENT AFFAIRS: BOOKS AND AUTHOR

A new book titled “Ambedkar and Modi” released by former President Ram Nath Kovind:

• Former President Ram Nath Kovind has released the book ‘Ambedkar and Modi: Reformer’s Ideas, Performer’s Implementation.’
• The book, published by Bluekraft Digital Foundation, covers Dr. BR Ambedkar’s life and deeds while drawing parallels with Prime Minister Narendra Modi’s policies and reforms to put the social reformer’s principles into action.
• Ilaiyaraaja, a music composer and Rajya Sabha member, wrote the foreword to the book.
• It represents a synthesis of Dr. Ambedkar’s ideas with New India’s development experience.
• The book’s twelve chapters focus on infrastructure, education, socioeconomic mobility, gender equality, and self-reliance.
• The book investigates the points of convergence between India’s development narrative under Prime Minister Narendra Modi and Babasaheb’s principles.
• It also draws attention to the surprising parallels between the two towering individuals who triumphed despite all odds and strove to destroy suffocating societal institutions that they witnessed firsthand.

Daily CA on September 20:

• Union Jal Shakti Minister Gajendra Singh Shekhawat has declared Andaman and Nicobar Islands as India’s first Swachh Sujal Pradesh.
• A weak currency and high gasoline costs will keep India’s current account deficit (CAD) under strain, with economists expecting it to be about 3% of GDP in FY23, up from 1.2% in FY22, putting pressure on government finances.
• Union Minister Dr. Jitendra Singh awarded INSPIRE Awards to 60 entrepreneurs, as well as financial assistance to 53,021 students, on behalf of the Ministry of Science and Technology.
• Garden Reach Shipbuilders and Engineering Limited (GRSE), Kolkata, has been awarded the ‘Rajbhasha Kirti Puraskar’ by the Government of India’s Ministry of Home Affairs.
• Amity University Uttar Pradesh inked an MoU with the Indian Navy to establish a long-term academic collaboration connection.
• Sunil Chhetri’s Bengaluru FC defeated Mumbai City FC 2-1 in the 131st Durand Cup final at the Vivekananda Yuba Bharati Krirangan in Kolkata.
• Indian javelin thrower and Paralympics gold medalist Devendra Jhajharia clinched a silver medal for the country in the World Para Athletics Grand Prix held in Morocco.
• Former President Ram Nath Kovind has released the book ‘Ambedkar and Modi: Reformer’s Ideas, Performer’s Implementation.’

• According to data shared by Law Minister Shri Kiren Rijiju with the chief justices of the high courts, Uttar Pradesh (UP) accounts for more than 70% of the 13.81 lakh pending trials in fast-track courts in cases of heinous crimes against women, children, and senior citizens.
• The governments of Delhi and Punjab have joined hands to use Pusa bio-decomposer, a microbial solution that can decompose paddy straw in 15 to 20 days on 5,000 acres to prevent stubble burning, a major cause of air pollution.
• The Center and Assam government signed a tripartite peace accord with eight tribal outfits of Assam. 
• Digital insurer Edelweiss General Insurance (EGI) has tied up with Repco Home Finance Ltd (RHFL) to offer insurance solutions to all home loan customers of RHFL.
• Sweden’s Social Democratic Prime Minister Ms. Magdalena Andersson resigned from the post after her center-left bloc lost narrowly to a bloc of right-wing parties, 176 seats to 173, with 99% of the votes counted.
• The government has appointed Mr. Thomas M Devasia  – a senior executive from the private sector – as a member (non-life) of the Insurance Regulatory and Development Authority of India (IRDAI).
• The public enterprise selection board (PESB) selected Mr. Prasanna Kumar Motupalli as the Chairman and Managing Director of NLC India Limited.
• On the approval received from the Reserve Bank of India (RBI), CSB Bank Limited (erstwhile Catholic Syrian Bank Limited) has appointed Mr. Pralay Mondal as the Managing Director (MD) & Chief Executive Officer (CEO) of the Bank for a period of 3 years up to September 14, 2025.
• The Adani group has completed the acquisition of major cement players Ambuja Cements Limited and ACC Limited, becoming India’s second-largest cement player.
• The State Bank of India (SBI) has acquired 13.82% (ie 2,20,98,780 equity shares) stake of SBI Global Factors Ltd (SBIGFL) from its existing shareholders Small Industries Development Bank of India (SIDBI) 6.53%, Union Bank of India (UBI) 2.95% and Bank of Maharashtra (BoM) 4.34%.
• The Border Security Force’s (BSF’s) first female camel riding squad is ready to be deployed along the India-Pakistan border in Rajasthan and Gujarat.