Latest Current Affairs For Sunday 5th June, 2022

Union Minister Dr. Virendra Kumar launched the “SHRESHTA”

Union Minister of social Justice and empowerment Dr. Virendra Kumar launched the Scheme“SHRESHTA”.

The Scheme is for residential education for students in High school in Targeted Areas.

The Scheme for Residential Education for Students in Targeted Areas (SHRESHTA) has been formulated with the objective to provide quality education and opportunities for even the poorest Scheduled Caste students.

IAF heritage centre to be set up in Chandigarh

A heritage centre to showcase the role of the Indian Air Force in various wars and its overall functioning will come up at Chandigarh.

The 'IAF Heritage Centre' will be set up jointly by the force and the Chandigarh administration.

An MoU between the Union Territory of Chandigarh and the IAF for setting up of the centre was signed.

The ceremony was attended by Punjab Governor Banwarilal Purohit and Air Chief Marshal VR Chaudhari.

Tata Projects wins bid to build Jewar Airport

Tata projects will build the national capital region’s new airport at Jewar.

It outbid the Shapoorji Pallinji Group and Larsen & Toubro for the contract.

Tata Projects, the infrastructure and construction arm of the Tata group, will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the Noida International Airport.

The new airport is expected to be functional by 2024.

INS Nishank, INS Akshay decommissioned after 32 years in service

The Indian Navy has decommissioned its two ships, INS Akshay and INS Nishank, after 32 years of service.

These two ships also participated in Operation Talwar and Operation Parakram.

While INS Nishank, a high-speed missile craft, was commissioned on September 12, 1989, INS Akshay was commissioned a year later on December 10, 1990 at Poti, Georgia.

Both were part of the 22 Missile Vessel Squadron and 23 Patrol Vessel Squadron, respectively.

Jennifer Lopez to receive lifetime achievement award at MTV Movie & TV Award

MTV announced that Jennifer Lopez would be awarded the Generation Award at their forthcoming MTV Movie & TV Awards.

MTV Movie & TV Awards recognizes actors who have diversely contributed to both film and TV industry and are known in every household.

Vanessa Hudgens will host the Generation Awards.

Jennifer Lopez will receive the lifetime achievement award.

Jennifer is all set to release her latest Netflix documentary named “Halftime”.

In a first, IIM-Ahmedabad brings out agriculture land price index

In a first, IIM-Ahmedabad (IIM-A) has joined hands with an e-marketplace for agricultural land, SFarms India, to develop a farmland price index based on the sales and purchases done on the platform.

The index has been designed to record and present the “quality-controlled” data on the prices of agricultural land in the country.

The index will track the price movements in the marketplace and come up with a composite pricing mechanism on a monthly basis.

RBI launches annual survey on foreign liabilities, assets of MF, AMC

The RBI has launched the 2021-22 round of its annual survey on "Foreign Liabilities and Assets of Mutual Funds and Asset Management Companies".

The survey collects information from mutual fund companies and asset management companies on their external financial liabilities and assets at the end of March of the latest financial year.

The survey results are released in the public domain besides being used for compilation of balance of payments statistics and other uses. 

National parks, sanctuaries must have ESZ of 1 km from boundary: SC

The Supreme Court of India directed that national parks and wildlife sanctuaries must have an Eco Sensitive Zone (ESZ) of minimum one km from the demarcated boundary of a protected forest. 

The SC said that mining within the national parks and wildlife sanctuaries shall not be permitted and no permanent structure will be allowed within the ESZ. 

It also directed the Chief Conservator of Forests of all states and UTs to prepare a list of existing structures within the ESZs. 

eSanjeevani integrated with NHA's Ayushman Bharat Digital Mission

According to National Health Authority (NHA), telemedicine service 'eSanjeevani' has been ntegrated with the Ayushman Bharat Digital Mission (ABDM).

This will now enable users of eSanjeevani to create their 14-digit unique Ayushman Bharat Health Account (ABHA) and use it to link their existing health records.

eSanjeevani is a telemedicine service of the Ministry of Health and Family Welfare (MoHFW).

Khelo India Youth Games-2021 begins in Haryana today

The 4th edition of the Khelo India Youth Games 2021 begins today in Panchkula, Haryana. 

The event was inaugurated by the union home minister Amit Shah.

KIYG is the flagship event of the Indian government’s Khelo India initiative.

KIYG 2021 will see participation from 37 States and Union Territories of India.

As many as 25  sports events will be organized at five venues namely Panchkula, Ambala, Shahabad, Chandigarh, and Delhi. 

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.