Latest Current Affairs For Tuesday 10th May, 2022

A book titled ‘INDO-PAK WAR 1971- Reminiscences of Air Warriors’ released

Rajnath Singh (Defence Minister) has released a book titled ‘INDO-PAK WAR 1971- Reminiscences of Air Warriors’ at the 37th Air Chief Marshal PC Lal Memorial Lecture.

Edited by: Air Marshal Jagjeet Singh and Group Captain Shailendra Mohan.

The book has 50 Swarnim articles which are penned in detailed narrations by veterans.

Air Chief Marshal PC Lal was commissioned in the IAF in 1939 and awarded the Padma Bhushan (1966) and Padma Vibhushan (1972).

Haryana Govt Launches 'e-Adhigam' Scheme for students

Haryana government has launched “e-Adhigam” scheme under which nearly three lakh tablets were distributed to government school students of Classes 10 and 12.

These tablets have pre-loaded content along with personalised and adaptive learning software, and 2GB of free data.

The country has set a target to implement the New Education Policy (NEP) by 2030, but the Haryana government it is 2025.

PMJJBY, PMSBY and APY complete 7 years of providing social security

Pradhan Mantri Suraksha Bima Yojana (PMJJBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMSBY), and Atal Pension Yojana (APY) have completed seven years of providing social security net.

The schemes were launched by PM Narendra Modi on 9th May 2015 in Kolkata, West Bengal.

PMJJBY: More than 12.76 crore Cumulative Enrolments

PMSBY: More than 28.37 crore Cumulative Enrolments

APY: Over 4 Crore subscribers

MHA launches 'CAPF Punarvaas' to facilitate retired CAPF

Ministry of Home Affairs has launched ‘CAPF Punarvaas’ through Welfare & Rehabilitation Board (WARB) to facilitate retired Central Armed Police Force (CAPF) and Assam Rifle personnel.

This portal will help the retired personnel to find an appropriate job match by uploading their personal details on the WARB website.

MHA also runs a portal under Private Security Agencies Regulation Act (PSARA) for the registration of Private Security Agencies (PSAs).

Finance Minister launches NSDL’s investor awareness programme for students

Union Finance Minister Nirmala Sitharaman has launched the National Securities Depository Limited’s (NSDL) investor awareness programme for students named ‘Market Ka Eklavya’.

Aim: To introduce the basics of the securities market and also impart training on financial markets for students.

This is available in Hindi and other regional languages.

NSDL has launched a new investor awareness programme as part of its silver jubilee celebration.

NSDL CEO: Padmaja Chunduru

Priyanka Mohite becomes first Indian woman to climb five peaks above 8,000

Priyanka Mohite (Satara in western Maharashtra) has become the first Indian woman to scale five peaks above 8,000 metres after her 5th climb Mount Kanchenjunga.

Priyanka received the Tenzing Norgay Adventure Award 2020.

Mount Kanchenjunga (8,586 m) is the third highest mountain on the planet.

She had climbed world's highest peak Mount Everest (8,849 m),  Mount Lhotse (8,516 m) in 2018, Mount Makalu (8,485 m), Mount Kilimanjaro (5,895 m) in 2016, Mt Annapurna (8,091 m).

Kerala government launches Shaili App for lifestyle diseases

The Kerala government is ready to launch an Android app named ‘Shaili App’ to diagnose and control lifestyle diseases among people in the southern State.

The app will help the citizen to provide an accurate picture of such ailments both locally and at the State-level.

The app was set up under the e-Health initiative, and will provide data to the government so that health plans can be formulated to control such diseases.

Reliance crosses USD 100 billion annual revenue

Reliance Industries become the first Indian company to record annual revenue of more than a whopping $100 billion.

The company has recorded a 22.5% rise in net profit for the quarter ended March 2022.

Reliance has recorded strong growth in retail, digital services, and the oil & gas business. 

The company has also reported the highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortisation) of ₹33,968 crores (28% up) year-on-year.

Indian Bank launches digital broking solution

Indian Bank has unveiled a digital broking solution named E-Broking, which allows customers to open a Demat and trading account.

E-Broking is a strategic step toward a complete digitalisation of its offerings to customers.

IndOASIS (mobile banking application) also offer a seamless experience from Demat and trading account opening to discounted broking services.

This will help the bank to increase its CASA (current account, savings account).

Max Verstappen wins inaugural Miami Grand Prix title

F1 world champion Max Verstappen has won the inaugural Miami Grand Prix for Red Bull after defeating the Ferrari rival Charles Leclerc.

Leclerc (Ferrari) finished second and Spanish teammate Carlos Sainz (Ferrari) placed third in the Miami Grand Prix 2022.

Bahrain Grand Prix: Charles Leclerc

Saudi Arabia Grand Prix: Max Verstappen

Australian Grand Prix: Charles Leclerc

Emilia Romagna Grand Prix: Max Verstappen

Carlos Alcaraz wins Madrid Open title 2022

Carlos Alcaraz (Spain) has clinched the men's singles Madrid Open title 2022 after beating the defending champion Alexander Zverev (Germany).

Alcaraz has also defeated Rafael Nadal and Novak Djokovic (world No.1) to reach the final.

It is his second Masters 1000 crown after Miami 2022 and his fourth title of the year.

Ons Jabeur (Tunisia) has clinched women's singles title to become the first African player to win a WTA 1000 event.

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.