Current Affairs 31 August 2022

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Current Affairs 31 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. RBI working to prepare a registry to blacklist fraudsters with their IP addresses, locations, and phone numbers
2. Rajiv Gandhi Rural Olympic Games begin in Rajasthan, nearly 30 lakh people to participate
3. World Championships: Satwiksairaj Rankireddy and Chirag Shetty claim India’s first men’s doubles medal
4. India surpasses China, UK to become 10th largest life insurer globally
5. NHAI organises workshop on global navigation satellite system-based tolling
6. IRDAI eases firm registration process from 8 to 2 months
7. India-US joint military exercise ‘Vajra Prahar’ Culminates in Himachal Pradesh’s Bakloh
8. PM Modi lays foundations stones for Maruti Suzuki’s new plants in Gujarat and Haryana
9. Pradhan Mantri Jan Dhan Yojana – National Mission for Financial Inclusion, completes eight years of successful implementation
10. Virat Kohli Becomes 1st Indian To Play 100 Matches In All 3 international cricket formats
11. Essar Group signs Rs 19,000 crores with ArcelorMittal Nippon Steel to sell ports, infra assets
12. RBI makes public inspection report of City Union Bank under Right to Information (RTI) Act
13. FIFA lifts ban on AIFF, women’s U-17 World Cup to be held in India

 News Details 

1. RBI working to prepare a registry to blacklist fraudsters with their IP addresses, locations, and phone numbers

• The Reserve Bank of India is working on a new “fraud registry” — a reporting mechanism under which data shared by banks with RBI on fraudsters will enable the regulator to blacklist such callers.
• The new reporting mechanism will carry details of IP addresses, locations and telephone numbers — reported by banks to RBI — of perpetrators defrauding bank customers repeatedly.
• What is an Internet Protocol (IP) address?
  • It is a numerical label such as 192.168.225.5, that is connected to a computer network that uses the IP for communication.

2. Rajiv Gandhi Rural Olympic Games begin in Rajasthan, nearly 30 lakh people to participate

• Rajasthan CM Ashok Gehlot inaugurated month-long Rajiv Gandhi Rural Olympic Games, for which around 30 lakh villagers have registered.
• Games like volleyball, hockey, tennis ball cricket and kho kho will be part of the events
• The rural olympics organised in eleven thousand gram panchayats across the state is an outreach to the rural population, especially the rural youth.
• Kalraj Mishra – Governor of Rajasthan.
• About Rajasthan:
  • Governor: Kalraj Mishra.
  • Capital: Jaipur.
  • Chief minister: Ashok Gehlot.

3. World Championships: Satwiksairaj Rankireddy and Chirag Shetty claim India’s first men’s doubles medal

• India finished with one medal at the badminton championships.
• The Indian men’s doubles pair of Chirag Shetty and Satwiksairaj Rankireddy won the bronze medal after going down in the semi-finals of the BWF World Championships 2022 against Malaysia’s Aaron Chia and Soh Wooi Yik in Tokyo.
• This was India’s 13th world badminton championships medal but the first in men’s doubles.

4. India surpasses China, UK to become 10th largest life insurer globally

• The Indian life insurance industry grew at a compounded annual growth rate (CAGR) of 11%, in terms of total premium and 17% in terms of new business premium, during 2017-22, according to a report by Benori Knowledge.
• The global provider of custom research and analytics solutions estimated that the industry will grow at a CAGR of 9% until 2027.
• About UK (United Kingdom):
  • Capital: London.
  • Prime minister: Boris Johnson.
  • Currency: Pound sterling.

5. NHAI organises workshop on global navigation satellite system-based tolling

• The National Highways Authority of India (NHAI) organized a workshop on Global Navigation Satellite System (GNSS) based tolling, which will help the government strategize and design the roadmap for a free-flow tolling system in the country.
• NHAI chairperson Alka Upadhyaya said the workshop would provide the likely way forward on deployment of GNSS-based tolling in India.
• About NHAI:
  • Chairperson: Alka Upadhyaya.
  • Headquarters: Dwarka, Delhi.

6. IRDAI eases firm registration process from 8 to 2 months

• The registration process of new companies has been eased by substantially reducing the time taken to process new applications from 6-8 months to two.
• The regulator has created a facilitation cell consisting of two officers for handholding the applicants so that the entity gets its approval to start its operations.
• This promotes ease of doing business in the insurance sector.
• Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai).

7. India-US joint military exercise ‘Vajra Prahar’ Culminates in Himachal Pradesh’s Bakloh

• The 13th Edition of India – US Joint Special Forces Exercise VAJRA PRAHAR 2022 culminated at Bakloh (HP) on 28 August 2022.
• This annual exercise is hosted alternatively between India and the United States.
• The 12th edition was conducted at Joint Base Lewis McChord, Washington (USA) in October 2021.

8. PM Modi lays foundations stones for Maruti Suzuki’s new plants in Gujarat and Haryana

• Prime Minister Narendra Modi laid the foundation stone of the Maruti Suzuki Vehicle Manufacturing Facility for Haryana and Suzuki EV Battery Plant for Hansalpur in Gujarat.
• The Suzuki Motor Gujarat Electric Vehicle Battery Manufacturing Facility at Hansalpur, will be set-up with an investment of around Rs 7,300 crores to manufacture Advance Chemistry Cell batteries for EV.
• He laid the foundation stone in Gandhinagar to mark 40 years of Suzuki Company in India.

9. Pradhan Mantri Jan Dhan Yojana – National Mission for Financial Inclusion, completes eight years of successful implementation

• Pradhan Mantri Jan Dhan Yojana PMJDY, the National Mission for Financial Inclusion completed eight years of successful implementation on August 28th.
• More than 46.25 crore beneficiaries banked under PMJDY since inception, amounting to over one lakh 73 thousand crore rupees.
• PMJDY Accounts grew from 14.72 crore in March 2015 to 46.25 crore as on the 10th of August 2022.

10. Virat Kohli Becomes 1st Indian To Play 100 Matches In All 3 international cricket formats

• Virat Kohli represented the nation in his 100th T20I match and also became the first player in history to play a hundred matches for India in all formats of the game during the first Asia Cup game against Pakistan.
• Virat has represented Team India in 99 T20I games across which he has scored 3,308 runs at an average of 50.12.

11. Essar Group signs Rs 19,000 crores with ArcelorMittal Nippon Steel to sell ports, infra assets

• ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, announced that it had reached a definitive agreement to acquire ports, power plants, and other logistics and infrastructure assets from the Essar group for a net value of about $2.4 billion (Rs 19,000 crore).

12. RBI makes public inspection report of City Union Bank under Right to Information (RTI) Act

• During its inspection, the RBI team observed that City Union Bank has a separate loan product for pawnbrokers.
• The Supreme Court on April 26, 2019 had made clear that the RBI was “duty bound to furnish all information relating to inspection reports and other material” under the RTI Act except those which pertained to “matters of national economic interest”.
• The Right to Information Act is an initiative of the Department of Personnel & Training, GoI.
• About City Union Bank:
  • Headquarters: Kumbakonam, Tamil Nadu.
  • CEO: Dr. N. Kamakodi.
  • Founded: 1904.

13. FIFA lifts ban on AIFF, women’s U-17 World Cup to be held in India

• World football governing body FIFA lifted the ban imposed on the AIFF after the Supreme Court terminated the mandate of the Committee of Administrators (CoA), clearing the decks for India to host the Women’s U-17 World Cup in October.
• The suspension, the first time in AIFF’s 85-year history, lasted just 11 days.
• AIFF acting general secretary: Sunando Dhar.

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So, these are all the current affairs 31 August (today). If you want to explore the full list (all CA), including current affairs 31 August, please click on the link (Current Affairs).