Current Affairs 24 August 2022

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Current Affairs 24 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. ADB to provide USD 96.3 mn loan to improve water supply, sanitation services in HP
2. Govt allows retrofitment of CNG and LPG kits in BS-6 vehicles
3. External Affairs Minister S Jaishankar inaugurates Indian Embassy in Paraguay
4. India signs MoU with Iran for maritime coop; eyes long term contract on Chabahar Port
5. Debasisa Mohanty appointed director of National Institute of Immunology
6. LIC sees 20 pc decline in death claims in Q1 FY23 as COVID impact ebbs
7. Greece exits EU’s ‘enhanced surveillance’ framework
8. India Adds Over 7 GW of Solar capacity in Jan to Jun 2022 | Mercom India Report
9. MP’s Mandla becomes country’s first fully ‘functionally literate’ district
10. Vijay Shekhar Sharma to continue as Paytm’s MD & CEO for another 5 yrs
11. Indians remitted $6 bn in Q1FY23 under LRS scheme, shows RBI data
12. Punjab, Haryana agree to name Chandigarh airport after Shaheed Bhagat Singh
13. SEBI joins RBI’s Account Aggregator framework to ease access to financial information
14. India’s star Olympic football captain Samar ‘Badru’ Banerjee passes away
15. Scotland museum signs deal to return seven ancient artefacts to India
16. India, Australia conclude maritime exercise near Perth
17. Union Home Secretary Ajay Kumar Bhalla gets one-year extension
18. Dr Jitendra Singh announces financial aid of Rs 3.29 Crore to a Hydrogen StartUp from Maharashtra

 News Details 

1. ADB to provide USD 96.3 mn loan to improve water supply, sanitation services in HP

• The Asian Development Bank (ADB) and the Government of India signed a USD 96.3-million loan agreement to provide safe drinking water and improve water supply and sanitation services in the state of Himachal Pradesh.
• ADB’s involvement in the project will provide water management best practices, strengthen institutional capacity, and guide tariff reform, said Takeo Konishi.
• Takeo Konishi is the Country Director for ADB in India.

2. Govt allows retrofitment of CNG and LPG kits in BS-6 vehicles

• The government has allowed retrofitment of CNG and LPG kits in petrol and diesel vehicles that are compliant with BS-6 emission norms.
• As of now, such modifications are permissible only in vehicles that are compliant with BS-6 emission norms.
• Notification allows CNG and LPG kits on BS (Bharat Stage)-6 gasoline vehicles and replacement of diesel engines with CNG/LPG engines.

3. External Affairs Minister S Jaishankar inaugurates Indian Embassy in Paraguay

• External Affairs Minister S Jaishankar jointly inaugurated the new Indian Embassy in Paraguay with his counterpart Julio Cesar Arriola.
• It is also the first Indian Foreign Minister to visit Paraguay, coinciding with the 60th anniversary of the establishment of diplomatic relations between the two countries.
• About Paraguay:
  • President: Mario Abdo Benitez.
  • Capital: Asuncion.
  • Currency: Paraguayan guaraní.

4. India signs MoU with Iran for maritime coop; eyes long term contract on Chabahar Port

• India has signed a memorandum of understanding (MoU) with Iran on mutual recognition of seafarers’ code of conduct for unlimited voyages, expanding its maritime partnership with the West Asian country alongside recent moves to boost infrastructure in the strategically located Chabahar Port.
• India is eyeing a trilateral maritime cooperation involving Iran and Oman.
• About Iran:
  • Capital: Tehran.
  • Currency: Iranian rial.
  • President: Ebrahim Raisi.
• About Oman:
  • Capital: Muscat.
  • Currency: Omani rial.

5. Debasisa Mohanty appointed director of National Institute of Immunology

• The Appointments Committee of the Cabinet has approved the appointment of Dr. Debasisa Mohanty to the post of Director, National Institute of Immunology, with effect from the date of assumption of charge of the post and up to the age of his superannuation.
• Also, the ministry said Revenue Secretary Tarun Bajaj has been given additional charge as Corporate Affairs secretary.

6. LIC sees 20 pc decline in death claims in Q1 FY23 as COVID impact ebbs

• Insurance behemoth LIC witnessed a decline of nearly 20 per cent in death claims in the first quarter of this fiscal with the COVID impact seen to be ebbing, though the amount is still higher than pre-2020 levels.
• In the June quarter of the previous fiscal, settlement of death claims was to the tune of Rs 7,111 crore, which for Q1 of this year was Rs 5,743 crore.
• About LIC:
  • Founded: 1 September 1956.
  • Headquarters: Mumbai.
  • Chairmanperson: M R Kumar.

7. Greece exits EU’s ‘enhanced surveillance’ framework

• Greece has announced that it has exited the European Union’s enhanced surveillance framework.
• Country’s Prime Minister, Kyriakos Mitsotakis made this announcement.
• The surveillance framework was intended to ensure the continued adoption of measures to tackle potential sources of economic difficulty and structural reforms to support sustainable economic growth.
• This allows the country greater freedom in policy making.
• About Greece:
  • Capital: Athens.
  • Currency: Euro.

8. India Adds Over 7 GW of Solar capacity in Jan to Jun 2022 | Mercom India Report

• Solar capacity installations in the country rose by 59 per cent to record 7.2 GW during the first half of 2022, according to Mercom India Research.
• In January-June or H1 of 2021, the country had added 4.5 GW solar capacity, according to the research firm’s ‘Q2 2022 India Solar Market Update’.

9. MP’s Mandla becomes country’s first fully ‘functionally literate’ district

• Madhya Pradesh’s tribal-dominated Mandla region has become the first fully “functionally literate” district in the country.
• A person can be called functionally literate when he or she is able to write his or her own name, to count and read and write in Hindi.
• The literacy rate in the district was 68 per cent as per a survey in 2011.
• As per Census 2011,literacy rate in India is 74.04%, 82.14 for males and 65.46 for female.
• About Madhya Pradesh:
  • Capital: Bhopal.
  • Chief minister: Shivraj Singh Chouhan.
  • Governor: Mangubhai C. Patel.

10. Vijay Shekhar Sharma to continue as Paytm’s MD & CEO for another 5 yrs

• Vijay Shekhar Sharma has been reappointed managing director (MD) and chief executive officer (CEO) of One 97 Communication (OCL) — the parent company of digital payments app Paytm.
• Around 99.67 per cent of shareholders voted in favour of Sharma’s reappointment.
• Sharma will continue to serve as MD and CEO of the company for another five years, Paytm had said in a statement.
• About PayTm
  • Founder: Vijay Shekhar Sharma.
  • Founded: August 2010.
  • Headquarters: Noida, Uttar Pradesh.

11. Indians remitted $6 bn in Q1FY23 under LRS scheme, shows RBI data

• Outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) made a strong comeback in the first quarter of FY23 as Indians increased spending on international travel, maintenance of close relatives, and gifts.
• International travel contributed $2.92 billion of the $6.04 billion remitted under LRS in Q1FY23, thus constituting almost 48 %

12. Punjab, Haryana agree to name Chandigarh airport after Shaheed Bhagat Singh

• The governments of Punjab and Haryana took a decision to name the Chandigarh International Airport after Shaheed Bhagat Singh.
• The decision was taken during a meeting held between Punjab Chief Minister Bhagwant Mann and Haryana Deputy CM Dushyant Chautala.
• The ₹ 485-crore airport project is a joint venture of the AAI and the governments of Punjab and Haryana.

13. SEBI joins RBI’s Account Aggregator framework to ease access to financial information

• Securities Exchange Board of India (SEBI) said it has joined the Reserve Bank of India’s (RBI’s) Account Aggregator framework by allowing depositories, asset management companies (AMCs) and mutual fund houses to become financial information providers or FIPs.
• It will give a boost to the Reserve Bank of India-regulated financial-data sharing system.
• About SEBI:
  • Founded: 12 April 1992.
  • Headquarters: Mumbai.

14. India’s star Olympic football captain Samar ‘Badru’ Banerjee passes away

• Former Indian football team captain Samar ‘Badru’ Banerjee, who led the country to a historic fourth-place finish in the 1956 Melbourne Olympics, died.
• Banerjee won the Santosh Trophy twice as a player (1953, 1955) and once as coach (1962).

15. Scotland museum signs deal to return seven ancient artefacts to India

• Seven artefacts, including a stone door jamb stolen from a Hindu temple in Uttar Pradesh, has been transferred back to India by Glasgow’s museums as part of Scotland’s “largest-ever” repatriation of objects from a single collection.
• Glasgow Life, a charitable organisation which runs the city’s museums, had confirmed the handover.
• About Scotland:
  • Capital: Edinburgh.
  • Currency: Pound sterling.

16. India, Australia conclude maritime exercise near Perth

• The Maritime Partnership Exercise (MPX) between the navies of India and Australia concluded .
• INS Sumedha participated with HMAS Anzac in the exercise reaffirming the strong navy-to-navy links and interoperability between Indian Navy and Royal Australian Navy.
• The MPX included cross deck landing of helicopters, tactical manoeuvres and a farewell steam past.
• About Australia:
  • Capital: Canberra.
  • Currency: Australian dollar.
  • Prime minister: Anthony Albanese.

17. Union Home Secretary Ajay Kumar Bhalla gets one-year extension

• The Appointments Committee of the Cabinet has approved an extension in service to Mr. Ajay Kumar Bhalla as Home Secretary, Ministry of Home Affairs, for a period of one year beyond August 22, 2022, i.e. up to August 22, 2023.
• About Home Secretary:
  • The Home Secretary is the administrative head of the Ministry of Home Affairs.
  • This post is held by a very senior IAS officer of the rank of Secretary to Indian Govt.

18. Dr Jitendra Singh announces financial aid of Rs 3.29 Crore to a Hydrogen StartUp from Maharashtra

• According to TDB, M/s Multi Nano Sense Technologies Private Limited is developing an indigenous cutting edge hydrogen analysis sensor for new age applications.
• The development is also related to the universal miniaturized core sensor designs for leak detection and/ or analysis of hydrogen.
• The target of net-zero emissions is by the year 2070.
• About TDB:
  • Full Form = Technology Development Board.
  • TDB Chairperson: Dr. Srivari Chandrashekar.

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