Current Affairs 16 August 2022

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Current Affairs 16 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. 107 Gallantry awards announced for Armed Forces and CAPF personnel
2. Lupin revising product portfolio in US to overcome price erosion impact
3. ISRO’s new Virtual Space Museum “SPARK”
4. Karnataka Bank launches new term deposit scheme as part of ‘Azadi Ka Amrit Mahotsav’
5. To Boost Semiconductor Production in US President Biden to Sign $280 Billion CHIPS Act
6. The ‘Donyi Polo Airport’ is the name of Arunachal’s 3rd airport
7. Blockchain based 5ire signs MoU with Goa Police to make it the first paperless police state in India
8. CCI approves proposed combination involving amalgamation of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings
9. NMDC & FICCI to organise Conference on Indian Minerals & Metal Industry
10. Centre to conduct survey on sanitation workers involved in unsafe acts
11. CSC e-Governance Services partners UN migrant body to make key services accessible to migrants
12. On World Elephant Day, Centre notifies India’s 31st Elephant Reserve, which is 5th In Tamil Nadu
13. IAF left for Malaysia to participate in bilateral exercise ‘Udarashakti’

 News Details 

1. 107 Gallantry awards announced for Armed Forces and CAPF personnel

• President Droupadi Murmu has approved 107 Gallantry awards to Armed Forces and Central Armed Police Forces personnel on the occasion of Independence Day 2022.
• These include three Kirti Chakra, 13 Shaurya Chakras, two Bar to Sena Medals (Gallantry), 81 Sena Medals (Gallantry), one Nao Sena Medal (Gallantry) and seven Vayu Sena Medals (Gallantry).
• What is the Gallantry award?
  • Gallantry Awards have been instituted by the Government of India to honour the acts of bravery and sacrifice of the officers/personnel of the Armed Forces, other lawfully constituted Forces and civilians.

2. Lupin revising product portfolio in US to overcome price erosion impact

• Homegrown pharmaceutical firm LupinLtd is rationalising its product portfolio in the US, transitioning from simple oral solid medicines to more complex generics to overcome the impact of price erosion witnessed in the market.
• CEO of Lupin ltd. Vinita Gupta.

3. ISRO’s new Virtual Space Museum “SPARK”

• While the country is celebrating Azadi Ka Amrit Mahotsav – the 75th year of Independence, ISRO has come up with an innovative idea of showcasing digital content pertaining to various ISRO missions in an interactive manner.
• The Virtual Space Museum “SPARK” was launched by Secretary, DOS / Chairman, ISRO on 10.08.2022 for the public use.

4. Karnataka Bank launches new term deposit scheme as part of ‘Azadi Ka Amrit Mahotsav’

• Karnataka Bank has launched a new term deposit ‘KBL Amrit Samriddhi’ to celebrate 75 years of Independence (Azadi Ka Amrit Mahotsav).
• The interest rate for this 75-week (525 days) term deposit scheme is 6.10 per cent per annum.
• With the new product, KBL Amrit Samriddhi, the bank extends the benefit of an increase in the interest rates to the customers.
• About Karnataka Bank:
  • Headquarters: Mangaluru.
  • CEO: Mahabaleshwara M. S.
  • Founded: 18 February 1924.

5. To Boost Semiconductor Production in US President Biden to Sign $280 Billion CHIPS Act

• US President Joe Biden is preparing to sign a $280 billion (roughly Rs. 22,27,410 crore) bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost US competitiveness over China.

6. The ‘Donyi Polo Airport’ is the name of Arunachal’s 3rd airport

• The Arunachal Pradesh government named the under-construction greenfield airport-the state’s third here in the state capital Itanagar as “Donyi Polo Airport”.
• The “Donyi Polo Airport” airport in Itanagar would be Arunachal Pradesh’s third airport after Pasighat and Tezu airports, and northeast India’s 16th airport.
• Donyi means Sun and Polo means Moon.
• About Arunachal Pradesh:
  • Capital: Itanagar.
  • Chief minister: Pema Khandu.

7. Blockchain based 5ire signs MoU with Goa Police to make it the first paperless police state in India

• Goa Police has announced that it has signed a memorandum of understanding (MoU) with 5ire, a fifth generation blockchain network company, at its crime branch office in Ribandar to go digital.
• The MoU was signed by Nidhin Valsan, Indian Police Service (IPS), Superintendent of Police (SP) Crime, on behalf of Goa Police and Pratik Gauri, founder and CEO, 5ire.

8. CCI approves proposed combination involving amalgamation of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings

• The proposed combination envisages a two-step amalgamation process:
• Step 1: Amalgamation of HDFC Investments and HDFC Holdings into and with HDFC Limited, such that HDFC Limited will be the surviving entity post this step; and
• Step 2: Amalgamation of the amalgamated HDFC Limited into HDFC Bank, such that HDFC Bank will be the surviving entity post this step.

9. NMDC & FICCI to organise Conference on Indian Minerals & Metal Industry

• NMDC, Country’s largest Iron Ore producer, a CPSE under Ministry of Steel and FICCI will be organizing a conference on the Indian minerals and metals industry on the theme ‘Transition Towards 2030 & Vision 2047’ on 23rd and 24th August at New Delhi.
• The key objective of the event is to have deliberations on a roadmap for the minerals & metals sector to achieve the ‘Vision 2047’.
• India produces 95 minerals: fuel, atomic, metallic, non-metallic and minor minerals etc.
• About NMDC:
  • Full form = National Mineral Development Corporation.
  • Headquarters: Hyderabad.
  • Founded: 15 November 1958.
  • Chairman & MD: Sumit Deb.
• About FICCI:
  • Full form = Federation of Indian Chambers of Commerce & Industry.
  • Founded: 1927.
  • Headquarters: New Delhi.
  • President: Sanjiv Mehta.
  • Founder: Ghanshyam Das Birla.

10. Centre to conduct survey on sanitation workers involved in unsafe acts

• The survey, being conducted by the Ministry Social Justice and Empowerment, will cover 500 Atal Mission for Rejuvenation and Urban Transformation (AMRUT) cities under the Centre’s National Action Plan for Mechanised Sanitation Ecosystem (NAMASTE).

11. CSC e-Governance Services partners UN migrant body to make key services accessible to migrants

• Government managed CSC e-Governance Services India has announced its partnership with the International Organization for Migration-United Nations’ India Mission to establish Migrant Resource Centres (MRC) in Tamil Nadu.
• CSC = Common Service Centres.
• The government agency, CSC e-Governance Services, has signed a MoU in this regard.

12. On World Elephant Day, Centre notifies India’s 31st Elephant Reserve, which is 5th In Tamil Nadu

• Agasthyamalai Elephant Reserve has been notified as India’s 31st Elephant Reserve by the Union environment ministry.
• This is the fifth elephant reserve in Tamil Nadu.
• The Periyar-Agasthyamalai landscape is estimated to have 1,800 Asian elephants (Census 2010).
• Karnataka has the highest number of elephants in India.

13. IAF left for Malaysia to participate in bilateral exercise ‘Udarashakti’

• Indian Air Force and Royal Malaysian Air Force (RMAF) are set to participate in a bilateral exercise named ‘Udarashakti.’
• This is the first bilateral exercise being conducted between the two countries.
• Notably, the Indian Air Force is participating in the air exercise with Su-30 MKI and C-17 aircraft while the RMAF will be flying Su-30 MKM aircraft.
• About IAF:
  • Founded: 26 January 1950.
  • Chief of the Air Staff (CAS): Air Chief Marshal Vivek Ram Chaudhari.

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So, these are all the current affairs 16 August (today). If you want to explore the full list (all CA), including current affairs 16 August, please click on the link (Current Affairs).