Current Affairs 22 September 2022

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Current Affairs 22 September 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. Gujarati film Chhello Show is India’s official entry to Oscars 2023
2. Mahindra & Mahindra to acquire Swaraj Engines’ 17.41 percent stake from Kirloskar Industries
3. RBI removes Central Bank of India from PCA watchlist after more than 5 yrs
4. Indian Navy conducts ENC Yachting Championship at Visakhapatnam
5. India emerges as Sri Lanka’s top bilateral lender disbursing $377 million
6. Google Cloud, Nasscom partner to skill students for entry-level Cloud jobs
7. World Bank approves $150 million loan for Punjab to improve state’s finances, service delivery
8. Shri Narendra Singh Tomar inaugurates the 9th Session of Governing Body of ITPGRFA
9. Indian Army installs satellite-based internet at world’s highest battlefield on the Siachen Glacier
10. Andaman and Nicobar Islands become India’s first Swachh Sujal Pradesh
11. The three-day National Conference of State Tourism Ministers begins in Dharamshala, Himachal Pradesh
12. Income Tax Dept issues Revised Guidelines for compounding of offences under the Income-tax Act, 1961

 News Details 

1. Gujarati film Chhello Show is India’s official entry to Oscars 2023

• The Film Federation of India has announced India’s official entry to the Oscars 2023.
• The Gujarati film, Chhello Show, which is titled Last Film Show in English, has been selected as India’s official entry to the 95th Academy Awards.
• It has been selected in the Best International Feature Film category.
• The film is directed by Pan Nalin.

2. Mahindra & Mahindra to acquire Swaraj Engines’ 17.41 percent stake from Kirloskar Industries

• Mahindra & Mahindra (M&M) Ltd said it will acquire an additional 17.41 per cent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore.
• The acquisition will result in increasing the company’s stake in Swaraj Engines Ltd (SEL) to 52.13 per cent from 34.72 per cent.
• SEL would become a subsidiary of M&M.
• About Mahindra & Mahindra:
  • Headquarters: Mumbai, Maharashtra.
  • Chairman: Anand Mahindra.
  • MD & CEO: Dr. Anish Shah.

3. RBI removes Central Bank of India from PCA watchlist after more than 5 yrs

• Reserve Bank of India (RBI) removed the Central Bank of India from the Prompt Corrective Action (PCA) complying with parameters like net non-performing assets (net NPAs) and capital ratios.
• RBI had placed Central Bank under PCA in June 2017 due to high net NPAs and negative return on assets.
• The Central Bank was the last of the public sector lenders to come out of PCA.
• More Information:
  • Indian Overseas Bank and UCO Bank were removed from the framework last September.
• About Central Bank of India:
  • Tapan Ray: Non-Exe Chairman.
  • MD & CEO: Matam Venkata Rao.
  • Headquarters: Mumbai.

4. Indian Navy conducts ENC Yachting Championship at Visakhapatnam

• ENC Yachting Championship was conducted at Visakhapatnam, Andhra Pradesh by the Indian Navy Watermanship Training Centre, INS Circars under the aegis of Headquarters Eastern Naval Command (HQENC).
• Cmde Sumantra Hazarika, Director MWC (V), was the Chief Guest for the Prize Distribution and Closing ceremony.
• About Andhra Pradesh:
  • Capital: Amaravati.
  • Governor: Biswabhusan Harichandan.
  • Chief minister: YS Jagan Mohan Reddy.

5. India emerges as Sri Lanka’s top bilateral lender disbursing $377 million

• India has emerged as the largest bilateral lender for Sri Lanka, overtaking China.
• Out of a total disbursement of loans amounting to USD 968 million India has provided a total of 377 million US dollars in loans to the island nation in four months of 2022.
• In the past five years from 2017-2021, China has been the largest bilateral lender to Sri Lanka.
• India’s Permanent Representative to the UN, Ruchira Kamboj.
• About Sri Lanka:
  • Capitals: Sri Jayawardenepura Kotte (legislative) and Colombo (executive and judicial).
  • President: Ranil Wickremesinghe.
  • Currency: Sri Lankan rupee.
  • Prime minister: Dinesh Gunawardena.

6. Google Cloud, Nasscom partner to skill students for entry-level Cloud jobs

• Google Cloud announced it has launched the first cohort of its computing foundations with Kubernetes course in collaboration with FutureSkills Prime, an IT Ministry and Nasscom digital skilling initiative.
• The beginner-level course aims to provide participants an opportunity to experience cloud computing, cloud basics, big data and machine learning (ML).
• About Nasscom:
  • Full form = National Association of Software and Service Companies (NASSCOM).
  • Chairperson: Krishnan Ramanujam.
  • President: Debjani Ghosh.
  • Founded: 1 March 1988.
  • Headquarters location: New Delhi.

7. World Bank approves $150 million loan for Punjab to improve state’s finances, service delivery

• The new projects will support the state’s development goals by strengthening the planning, budgeting and monitoring functions, and leveraging digital technology, besides increasing accountability in the public procurement systems by supporting the state-wide implementation of new legal and policy reforms.
• The USD 150 million loans have a maturity of 15 years.
• Auguste Tano Kouame, the World Bank’s Country Director in India.
• More about World Bank:
  • Headquarters: Washington, D.C., United States.
  • President: David Malpass.

8. Shri Narendra Singh Tomar inaugurates the 9th Session of Governing Body of ITPGRFA

• International Treaty on Plant Genetic Resources for Food and Agriculture (ITPGRFA) is a legally binding comprehensive agreement signed during the 31st session of the United Nations Food and Agriculture Organization (FAO) in Rome in November 2001, which took effect on 29 June 2004, and currently has 149 Contracting Parties including India.
• Union Minister of Agriculture and Farmers Welfare, Shri Narendra Singh Tomar.
• What is ITPGRFA?
  • It is a comprehensive agreement that aims to establish a global system which provides farmers, plant breeders, and scientists with access to plant genetic resources.
  • It also recognizes the enormous contribution of farmers to the diversity of food and agricultural crops, and confirms that they receive fair and equitable benefit sharing from the use of these genetic resources.

9. Indian Army installs satellite-based internet at world’s highest battlefield on the Siachen Glacier

• Indian Army activated satellite broadband-based internet service on the world’s highest battlefield, Siachen Glacier.
• The feat was achieved by the Indian Army’s XIV Corps or Fire and Fury Corps’ Siachen Signallers.
• The achievement of installing satellite-based internet at an altitude of 10,061 feet on the Siachen Glacier was announced by the Indian Army’s XIV corps.

10. Andaman and Nicobar Islands become India’s first Swachh Sujal Pradesh

• Union Jal Shakti Minister declared Andaman and Nicobar Islands as India’s first Swachh Sujal Pradesh.
• Speaking at a function in Port Blair, he handed over the certificate to Lieutenant Governor Admiral DK Joshi.
• On World Water Day, 22 March 2021, Andaman and Nicobar Islands were declared to have achieved 100% coverage of rural households with tap water connection.
• More Information:
  • Union Jal Shakti Minister: Gajendra Singh Shekhawat.

11. The three-day National Conference of State Tourism Ministers begins in Dharamshala, Himachal Pradesh

• The three-day National Conference of State Tourism Ministers at Dharamshala, Himachal Pradesh began with a press conference chaired by Shri G Kishan Reddy.
• The National Conference aims to be a platform for sharing best practices, successful projects, and tourism product opportunities.
• Union Minister of Tourism, Culture, and DONER: Shri G. Kishan Reddy.
• About Himachal Pradesh:
  • Chief minister: Jai Ram Thakur.
  • Capitals: Shimla (Summer), Dharamshala (Winter).

12. Income Tax Dept issues Revised Guidelines for compounding of offences under the Income-tax Act, 1961

• Specific upper limits have been introduced for the compounding fee covering defaults across several provisions of the Act.
• Additional compounding charges in the nature of penal interest @ 2% per month up to 3 months and 3% per month beyond 3 months have been reduced to 1% and 2% respectively.
• More Information:
  • Chairman of CBDT: Nitin Gupta.

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So, these are all the current affairs 22 September (today). If you want to explore the full list (all CA), including current affairs 22 September, please click on the link (Current Affairs).