Current Affairs 10 August 2022

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Current Affairs 10 August 2022 includes all newspapers such as The Hindu, The Economic Times, Business Standard, Times of India, PTI, Indian Express, and all Government official websites.

 News Headlines 

1. India finished fourth in Commonwealth Games 2022 with 61 medals in total
2. India, US begin joint Special Forces exercise start in Himachal Pradesh’s Bakloh
3. Sri Lanka’s Prabath Jayasuriya and England’s Emma Lamb are ICC players of the month for July 2022
4. Sanjay Agarwal takes charge as assistant director general of ICRISAT
5. 1.37 crore candidates benefited from Pradhan Mantri Kaushal Vikas Yojana
6. RBI Imposed Rs 32 Lakh penalty on Indian Bank and Rs 82 Lakh on Jupiter Capital
7. RBI’s move to bring credit information companies into ombudsman scheme expected to quicken redressals
8. IRDAI proposes a 30% cap on the expenses of management for Indian general insurance companies.
9. Nallathamby Kalaiselvi appointed as CSIR DG, top scientific body gets its 1st woman boss
10. Small Satellite Launch Vehicle put them in elliptical, not circular orbit, says ISRO
11. Viswanathan Anand elected FIDE deputy president, Dvorkovich to continue as president
12. Unity SFB appoints Inderjit Camotra appointment as its MD & CEO
13. Google launches ‘India Ki Udaan’ to celebrate 75 years of Independence
14. Indian Army conducts 5-day exercise to test satellites
15. RBI expands scope of Standalone primary dealers (SPDs), allows them to offer more FX facilities
16. South Korea launches its first lunar orbiter, known as Danuri

 News Details 

1. India finished fourth in Commonwealth Games 2022 with  61 medals in total

• It has been a remarkable final day for the Indian contingent at the Commonwealth Games. It has won four gold medals, one silver and one bronze.
• With the final day heroics, India finished fourth in the medals tally with 61 medals comprising 22 gold, 16 silver and 23 bronze.
• PV Sindhu and Lakshya Sen clinched the women’s and men’s singles titles in badminton to give India.

2. India, US begin joint Special Forces exercise start in Himachal Pradesh’s Bakloh

• The 13th Edition of the Indo-US Joint Special Forces exercise “Ex Vajra Prahar 2022” commenced at the Special Forces Training School at Bakloh of Himachal Pradesh.
• The Vajra Prahar series of joint exercises aims to share best practices and experiences in areas such as joint mission planning and operational tactics as also to improve interoperability between the Special Force.
• The 12th edition was conducted at Joint Base Lewis Mcchord, Washington (USA) in October.

3. Sri Lanka’s Prabath Jayasuriya and England’s Emma Lamb are ICC players of the month for July 2022

• Sri Lankan spin sensation Prabath Jayasuriya and England’s emerging all-rounder Emma Lamb were voted ICC player of the month for July 2022.
• Jayasuriya made his debut in the Test series against Australia and has picked up 29 wickets from three games with one four-wicket haul and as many as four five-wicket hauls.

4. Sanjay Agarwal takes charge as assistant director general of  ICRISAT

• Sanjay Agarwal took charge as the Assistant Director General of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT).
• He is currently the Chair of the Government of India’s Committee on Minimum Support Price.
• He will be based in New Delhi.
• Director General of ICRISAT: Dr Jacqueline Hughes.

5. 1.37 crore candidates benefited from Pradhan Mantri Kaushal Vikas Yojana

• The government says one crore 36 lakh candidates have benefited from the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) since its inception till June this year.
• It said under the central component, the government released over 8,590 crore rupees, of which more than 7,877 crore were utilized.
• About PMKVY:
  • PMKVY Launch year: 2015.
  • Aim: To encourage and promote skill development in the country by providing free short duration skill training and incentivizing this by providing monetary rewards to youth for skill certification.

6. RBI Imposed Rs 32 Lakh penalty on Indian Bank and Rs 82 Lakh on Jupiter Capital

• The Reserve Bank of India on August 5 imposed a monetary penalty of Rs 32 l on state-run Indian Bank for non-compliance of norms related to classification of frauds.
• It has imposed a penalty of ₹82 lakh on Bengaluru-based Jupiter Capital Private Ltd, for breach of norms on submission of credit information.
• The regulator’s statutory inspection report revealed that the bank failed to comply with guidance related to fraud classification, to the extent it furnished a flash report to RBI in certain instances with Delay.
• Shanti Lal Jain: Managing Director & Chief Executive Officer of Indian Bank.

7. RBI’s move to bring credit information companies into ombudsman scheme expected to quicken redressals

• In order to make the RB-IOS more broad-based, it has been decided to include Credit Information Companies (CICs) under the RB-IOS framework.
• This will provide a cost-free alternative redress mechanism for grievances against CICs.
• The Banking Ombudsman Scheme (BOS) is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.

8. IRDAI  proposes a 30% cap on the expenses of management for Indian general insurance companies.

• India’s insurance regulator has proposed a single limit of management expenses at 30% of the gross written premiums for general and health insurers in a given year across segments.
• The segment-wise caps were introduced in an April 2016 notification.
• That allowed insurers to book expenses based on gross premium turnover for different segments such as fire, marine, motor, etc.
• About IRDAI:
  • Full form: Insurance Regulatory and Development Authority of India.
  • Founded: 1999.
  • Headquarters: Hyderabad.
  • Chairperson: Debasish Panda.

9. Nallathamby Kalaiselvi appointed as CSIR DG, top scientific body gets its 1st woman boss

• Nallathamby Kalaiselvi was appointed as the Director General of the Council of Scientific and Industrial Research (CSIR).
• After resuming the chair as director of CSIR, Sh. Kalaiselvi will now lead the consortium of 38 research institutes in the country.
• Kalaiselvi is the successor of former CSIR director Shekhar Mande, whose tenure ended in April this year.
• CSIR was founded in 1942.

10. Small Satellite Launch Vehicle put them in elliptical, not circular orbit, says ISRO

• SSLV-D1 placed the satellites into 356 km x 76 km elliptical orbit instead of 356 km circular orbit.
• Satellites are no longer usable.
• Issue is reasonably identified.
• Failure of a logic to identify a sensor failure and go for a salvage action caused the deviation.
• ISRO will come back soon with SSLV-D2.
• About ISRO?
  • Full form = Indian Space Research Organisation.
  • Headquarters: Bengaluru.
  • Founded: 15 August 1969.
  • Founder: Vikram Sarabhai.
  • Chairman: Sreedhara Panicker Somanath.

11. Viswanathan Anand elected FIDE deputy president, Dvorkovich to continue as president

• Grandmaster and five-time World Champion Viswanathan Anand has been elected as the deputy president of FIDE, the international chess body.
• Russian and incumbent president Arkady Dvorkovich was successfully re-elected as FIDE President.
• Dvorkovic received 167 votes in his favour while opponent Andrii Baryshpolets got 16.
• Dvorkovich was 1st elected as FIDE President in Oct 2018, succeeding Kirsan Ilyumzhinov.
• What is FIDE?
  • Fédération Internationale des Échecs (FIDE) or World Chess Federation.
  • It is an international organization that connects the various national chess federations around the world.
  • It acts as the governing body of international chess competition.

12. Unity SFB appoints Inderjit Camotra appointment as its MD & CEO

• Unity Small Finance Bank (Unity SFB) Ltd said the Reserve Bank of India (RBI) has approved Inderjit Camotra’s appointment as its MD and CEO.
• Unity SFB is a joint venture between Centrum Group and Bharatpe.
• A 51:49 joint venture between Centrum Group and payments company Bharatpe, Unity SFB started operations in November 2021.

13. Google launches ‘India Ki Udaan’ to celebrate 75 years of Independence

• Named ‘India ki Udaan’, the project executed by Google Arts & Culture celebrates the country’s achievements and is “themed on the unwavering and undying spirit of India over these past 75 years”.
• As part of the countrywide celebrations, Google also announced its collaboration with the Ministry of Culture.
• About Google:
  • CEO: Sundar Pichai.
  • Founded: 4 September 1998.
  • Headquarters: Mountain View, California, United States.
  • Founders: Larry Page, Sergey Brin.

14. Indian Army conducts 5-day exercise to test satellites

• The exercise named “Skylight” was conducted from July 25 to July 29.
• In a five-day-long satellite communication exercise, the Indian Army has tested all of its space-based assets to ensure their operational readiness.
• The Army is utilising the services of a number of satellites belonging to the Indian Space Research Organisation (ISRO).

15. RBI expands scope of Standalone primary dealers (SPDs), allows them to offer more FX facilities

• The Reserve Bank of India expanded the scope of activities of primary dealers, allowing them to participate in more foreign exchange-related business activities.
• Standalone primary dealers will now be able to offer all foreign exchange market-making facilities that only category-I authorised dealers are permitted to undertake.

16. South Korea launches its first lunar orbiter, known as Danuri

• South Korea launched its first lunar orbiter, which is expected to reach the Moon by mid-December.
• Nicknamed Danuri, meaning “enjoy the Moon”, the Pathfinder Lunar Orbiter was launched on a Falcon 9 rocket from Cape Canaveral in Florida by Elon Musk’s aerospace company SpaceX.
• About South Korea:
  • Capital: Seoul.
  • President: Yoon Suk-yeol.
  • Currency: South Korean won.

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So, these are all the current affairs 10 August (today). If you want to explore the full list (all CA), including current affairs 10 August, please click on the link (Current Affairs).