Current Affairs 24 September 2022

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Current Affairs 24 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. PM Modi addresses National Conference of Environment Ministers of all States
2. Skill India partners with Samsung to upskill youth in future technologies
3. Supreme Court appoints Ex-Judge L Nageswara Rao for amending constitution of IOC
4. Federal Bank ties up with BBPS for utility bill payment services for NRIs
5. Prudential Mutual Fund launches first Auto Index Fund
6. Indian, US Coast Guards hold a joint exercise ‘Abhyas’
7. Union Minister Jitendra Singh to lead Indian delegation at Global Clean Energy Action Forum
8. Govt appoints Ratan Tata and 2 others as trustees of PM CARES Fund
9. Centre names retired Gujarat cadre IFoS officer Bharat Lal as Director General NCGG
10. India to host maiden MotoGP race in 2023; to be labelled as ‘Grand Prix of Bharat’ in Greater Noida
11. ADB trims India growth estimate by 50 basis points to 7% for FY23
12. Cabinet approves Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India
13. India’s Presidency of prestigious AIBD extended for one more year

 News Details 

1. PM Modi addresses National Conference of Environment Ministers of all States

• Prime Minister Narendra Modi addressed the National Conference of Environment Ministers of all states in Gujarat and said New India is emerging fast as a leader in sustainable solutions.
• He said, from the International Solar Alliance to LiFE movement, India is leading the charge.
• He also said, New India is progressing with a new approach and new thinking.

2. Skill India partners with Samsung to upskill youth in future technologies

• The Electronics Sector Skill Council of India (ESSCI) signed a memorandum of understanding (MoU) with Samsung India, for a skilling initiative.
• It aims to empower the youth with industry relevant skills in emerging technologies such as Artificial Intelligence, Internet of Things, Big Data and Coding & Programming, in a bid to enhance their employability.
• Rajeev Chandrasekhar: Minister of State, Skill Development and Entrepreneurship.
• About ESSCI:
  • The Electronics Sector Skills Council of India (ESSCI) is a Not-for-Profit Organization, registered under the Indian Companies Act, 1956.
  • It aims to enable a world class electronics manufacturing industry with an ecosystem for skill development and enhance employability of the large number of Indian human resources.

3. Supreme Court appoints Ex-Judge L Nageswara Rao for amending constitution of IOC

• In a case challenging the order of the Delhi High Court directing handing over of affairs of Indian Olympic Association to a Committee of Administrators (CoA), the Supreme Court appointed its former Judge L. Nageswara Rao, to take over the process of amending the sports body’s constitution, preparing its electoral rolls, and conducting elections to its executive body.
• IOC session due to take place in Mumbai in May, 2023 is postponed to Sep-Oct, 2023.
• More About IOC:
  • Full form = Indian Olympic Committee.
  • Headquarters: New Delhi.
  • President: Adille Sumariwalla.

4. Federal Bank ties up with BBPS for utility bill payment services for NRIs

• Federal Bank has tied up with Bharat Bill Payment System (BBPS) to facilitate Utility Bill Payment services for Non-resident Indian (NRI) Diaspora.
• This arrangement enables overseas remittance partners (exchange houses and banks) to pay Indian utility bills of over 20,000 billers in more than 20 categories in a cost effective and convenient option
• About federal Bank:
  • Headquarters: Aluva, Kochi.
  • CEO: Shyam Srinivasan.

5. Prudential Mutual Fund launches first Auto Index Fund

• ICICI Prudential Mutual Fund has launched the industry’s first auto index fund, the ICICI Prudential Nifty Auto Index Fund.
• The fund will track the Nifty Auto Index which has been designed to reflect the performance of the automobiles sector.
• The index comprises 15 listed companies and represents auto-related sectors such as auto ancillaries and tyres too.
• The index is composed using the free float market capitalization method.
• About ICICI Prudential Mutual Fund:
  • CEO: Nimesh Shah.
  • Headquarters: Mumbai.
  • Founded: 1993.

6. Indian, US Coast Guards hold a joint exercise ‘Abhyas’

• Coast Guards from India and America conducted joint exercise Abhyas off the coast of the southern Indian city of Chennai.
• Joint exercise ‘Abhyas-01/22’ marked the culmination of the four-day goodwill visit of the US Coast Guard ship Midgett to Chennai.
• The focus of the exercise was to familiarise the personnel of Coast Guards of both the nations with each other’s capabilities.

7. Union Minister Jitendra Singh to lead Indian delegation at Global Clean Energy Action Forum

• Union minister Jitendra Singh lead an Indian delegation at Global Clean Energy Action Forum this week at Pittsburg in the US.
• The coveted joint convening of the Clean Energy Ministerial (CEM13) and Mission Innovation (MI-7) took place from 21st to 23rd September at Pittsburg, Pennsylvania, United States of America.
• About Union Minister Dr. Jitendra Singh:
  • Jitendra Singh is an Indian physician and politician.
  • He is the Minister of State (Independent Charge) for the Ministry of Science and Technology and Minister of state (Independent Charge) ministry of earth science and Minister of State for Prime Minister’s Office; Personnel, Public Grievances and Pensions; Department of Atomic Energy and Department of Space.

8. Govt appoints Ratan Tata and 2 others as trustees of PM CARES Fund

• Veteran industrialist Ratan Tata, former Supreme Court judge KT Thomas, and former deputy Lok Sabha speaker Kariya Munda have been nominated as trustees of the PM CARES Fund.
• Prime Minister is the ex-officio Chairman of the PM CARES Fund and the Minister of Defence, Minister of Home Affairs and Minister of Finance, Government of India are ex-officio Trustees of the Fund.
• What is the PM CARES Fund?
  • Keeping in mind the need for having a dedicated fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic, and to provide relief to the affected, a public charitable trust under the name of ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ has been set up.
  • It has been registered under the Registration Act, 1908 at New Delhi on 27th March, 2020.

9. Centre names retired Gujarat cadre IFoS officer Bharat Lal as Director General NCGG

• Bharat Lal has been appointed as the Director General, National Centre for Good Governance (NCGG).
• The National Centre for Good Governance (NCGG) is an autonomous institute under the aegis of the Department of Administrative Reforms and Public Grievances, Government of India.
• NCGG head office is in New Delhi.

10. India to host maiden MotoGP race in 2023; to be labelled as ‘Grand Prix of Bharat’ in Greater Noida

• MotoGP commercial rights owner Dorna and Noida-based race promoters Fairstreet Sports signed a MoU to host the premier two-wheel racing event in India for the next seven years.
• The Buddh International Circuit, which will be hosting the MotoGP race, was once home to the Formula 1 Indian Grand Prix, held for three consecutive years from 2011 to 2013.

11. ADB trims India growth estimate by 50 basis points to 7% for FY23

• The Asian Development Bank (ADB) reduced its forecast for India’s gross domestic product growth for the fiscal year 2022–2023 (FY23) to 7% from 7.2%, citing weak global demand and tightening monetary policy to combat inflationary pressures brought on by high prices for oil and other commodities.
• Takeo Konishi, the ADB’s country director for India.
• More information about ADB:
  • Headquarters: Mandaluyong, Philippines.
  • Founded: 19 December 1966.

12. Cabinet approves Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India

• Fiscal support of 50% of capital expenditure on a pari-passu basis will be available under the Scheme for Setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor ATMP /OSAT facilities in India.
• ATMP = Assembly, Testing, Marking and Packaging.
• OSAT = Outsourced Semiconductor Assembly and Test.
• Additionally, target technologies under the scheme will include Discrete Semiconductor Fabs.
• What is Semiconductor?
  • Semiconductor is the material which has a conductivity between conductor (generally metals) and non-conductor or insulator (such as ceramics).
  • Its resistivity falls as its temperature rises; metals behave in the opposite way.

13. India’s Presidency of prestigious AIBD extended for one more year

• India’s Presidency of the prestigious Asia-pacific Institute of Broadcasting Development, AIBD has been extended for one more year.
• This was unanimously decided by the AIBD member countries at the two-day General Conference held in New Delhi.
• Currently, Chief Executive Officer of Prasar Bharati & Director General of Doordarshan Mayank Kumar Agrawal is the President of AIBD.
• Information and Broadcasting Minister: Anurag Singh.
• About AIBD
  • Full form = Asia-Pacific Institute for Broadcasting Development.
  • It was established in 1977.
  • It is a unique regional inter-governmental organisation of the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) in the field of electronic media development.

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