Latest Current Affairs For Tuesday 5th July, 2022

Visionary British theatre director, Peter Brook passes away

A British theatre and cinema director, Peter Brook has passed away at the age of 97.

He was born in London and transferred from Britain to Paris in 1970.

He was received the Tony Award for Best Direction in 1966 for his interpretation of Peter Weiss’ “Marat/Sade,” and in 1970 for the production of Shakespeare’s “A Midsummer Night’s Dream.”

He was also the recipient of an Emmy, an Olivier Award and an International Emmy during his whole career.

Government set up FSIB, a sole entity for bank board appointments

The Central government has decided to set up Financial Services Institutions Bureau (FSIB) as a single entity for appointments of Wholetime Directors and Non-Executive Directors in public sector banks (PSBs), public sector insurers (PSIs) and financial institutions (FIs).

This new entity will be headed by former Chairman of Banks Board Bureau, Bhanu Pratap Sharma for two years.

The Cabinet committee, headed by the Prime Minister has approved the establishment of FSIB.

NHA join hands with Irdai to develop National Health Claims Exchange

National Health Authority (NHA) and Irdai will jointly develop a National Health Claims Exchange as a digital platform to settle health claims.

Debasish Panda (Chairman of IRDAI) has proposed for creation of a working group with representation from industry.

This group will decide how to make the largest segment of general insurance in India attract more people to buy health insurance.

CEO of NHA: R S Sharma

NTPC commissions India's largest floating solar project in Telangana

India’s largest floating solar plant is now fully operational at Ramagundam, Peddapalli district of Telangana.

Capacity : 100MW

This floating solar power photovoltaic project was commissioned by the NTPC.

As of July 1, the total commercial operation of floating solar capacity in the southern region has risen to 217 MW.

At Ramagundam, the solar modules are placed across 500 acres on floaters.

It will reduce the evaporation rate and thereby help water conservation.

Edelweiss partners with Avanse Financial for student travel insurance

Edelweiss General Insurance has joined hands with NBFC, Avanse Financial Services to provide travel insurance to Indian students.

It offers complete coverage against medical, stay, travel inconvenience-related covers, emergencies and losses.

The students can also customize their plan per their needs and requirements from universities.

According to the Industry reports, the number of Indian students going abroad for higher studies is expected to touch 18 lakh by 2024.

Carlos Sainz wins maiden F1 British Grand Prix 2022

Ferrari driver, Carlos Sainz has won his maiden Formula One British Grand Prix 2022 at Silverstone.

He beat Red Bull’s Sergio Perez and Lewis Hamilton for Mercedes.

World champion, Max Verstappen has finished at the seventh spot for Red Bull.

Charles Leclerc has finished at fourth ahead of Fernando Alonso of Alpine and Lando Norris of McLaren.

Canadian Grand Prix 2022: Max Verstappen

Azerbaijan Grand Prix 2022: Max Verstappen

Monaco Grand Prix 2022: Sergio Pérez

Jasprit Bumrah breaks Brian Lara’s world record, smashes Broad for 29 runs

India captain, Jasprit Bumrah defeated Stuart Broad for 29 runs to create a world record for maximum runs off a single over in Test cricket.

He also breaks the legendary Brian Lara’s feat by one run.

The world record stayed with Lara for 18 years, he had hit South African left-arm spinner, Robin Peterson for 28 runs in a Test match in 2003-04.

Broad had also been hit for six sixes in an over by Yuvraj Singh in the inaugural World T20 in 2007.

Vivek Express, longest train journey covers 4,247 Km and 9 States

The Vivek Express, which runs from Dibrugarh in Assam to Kanyakumari in Tamil Nadu, holds the title of the longest train route in the country (both in terms of distance and time).

The train covers total of nine states: Assam, Nagaland, Bihar, West Bengal, Jharkhand, Odisha, Andhra Pradesh, Kerala, and Tamil Nadu.

The announcement of the Vivek Express was made in presentation of the railway budget for 2011-12 by Mamata Banerjee (then Railway Minister of India).

PM Narendra Modi inaugurates Digital India Week 2022 at Gandhinagar

PM Narendra Modi has inaugurated the Digital India Week 2022 at Gandhinagar in Gujarat on July 4, 2022.

Theme 2022 is Catalyzing New India’s Techade.

He will also launch ‘Digital India GENESIS’ - a National Deep-tech Startup Platform, to discover, support, grow and make successful startups in Tier-II and Tier-III cities of India.

He will launch ‘Indiastack.global’; ‘MyScheme’ - a service discovery platform facilitating access to Government Schemes. 

Karnataka's Sini Shetty crowned Femina Miss India World

Sini Shetty from Karnataka has been crowned as the Femina Miss India World 2022 title at the grand finale of VLCC Femina Miss India.

Rubal Shekhawat from Rajasthan has emerged as Femina Miss India 2022 first runner-up and Shinata Chauhan from Uttar Pradesh was named Femina Miss India 2022 second runner-up.

She will represent India at the prestigious 71st Miss World pageant.

She is a Bharatanatyam dancer represented Karnataka, though she was born in Mumbai.

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.