Latest Current Affairs For Wednesday 24th August, 2022

Veteran producer Abdul Gaffar Nadiadwala passes away

Veteran filmmaker, Abdul Gaffar Nadiadwala, fondly known as Gaffarbhai, has been passed away at the age of 91 due to cardiac arrest.

He was known for his films including Mahabharat (1965), Jhutha Sach (1984), Lahoo Ke Do Rang (1997), Hera Pheri (2000), Welcome (2007) & More.

He had started his film production and media entertainment company in 1953.

His first film as a producer was the Dharmendra and Rekha-starrer family drama Jhutha Sach.

उत्तर प्रदेश सरकार भारत की पहली शिक्षा टाउनशिप बनाने की योजना बना रही है

The Uttar Pradesh government is planning to build an education township in the state, will be developed on the idea of 'Single Entry, Multiple Exit' (come like a blank paper and carry multiple skills).

Aim: To enhance quality education in the state. 

This will provide high-quality education to the youth and equip them with a variety of professional skills in a single place.

The similar education township concept has already exist in the city of Pittsburgh, USA.

Chandigarh Airport to be renamed as Shaheed Bhagat Singh

The Punjab and Haryana governments have been agreed to rename Chandigarh's international airport after the freedom struggle icon Shaheed Bhagat Singh.

The collective decision was taken by Punjab Chief Minister, Bhagwant Mann and Haryana Deputy CM, Dushyant Chautala.

The terminal building of airport falls in Punjab's Mohali town.

This airport project is a joint venture of the Airports Authority of India (AAI) and the governments of Punjab and Haryana.

सीएम अशोक गहलोत ने राजीव गांधी सेंटर फॉर एडवांस्ड टेक्नोलॉजीज का उद्घाटन किया

Rajasthan's Chief Minister, Ashok Gehlot has inaugurated Rajiv Gandhi Centre for Advanced Technologies (R-CAT) in Jaipur and three incubation centres in Kota, Bikaner and Churu that will promote the start-up culture in the state.

The inauguration ceremony of RCAT was held on DigiFest 2022 at Birla Auditorium.

RCAT would provide an opportunity for the state's youth to learn advanced and emerging technologies in areas like Artificial Intelligence, Cloud Computing.

Sebi joins RBI account aggregator ecosystem

SEBI has joined the Account Aggregator framework of RBI, this will boost the regulated financial-data sharing system.

It will allow customers to share information about their mutual fund and stock holdings with financial service providers.

The account aggregator (AA) is a licensed by the RBI to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs).

The user has to give consent while sharing data.

Indian men's volleyball team wins bronze in 14th Asian U-18 Championship

Indian men's volleyball team won bronze medal after defeating South Korea by 3-2 in the 14th Asian U-18 Championship in Tehran.

In the preliminary league round, India defeated Korea but lost to Iran in the semifinal.

The Indian U-18 team has been qualified along with Japan, Iran, and South Korea for the FIVB World U-19 Men’s Volleyball Championship.

Japan has secured the gold after beating Iran (Silver) in the final match.

India nominates GARBA to be inscribed on UNESCO's intangible heritage list

India has nominated Garba to inscribe on UNESCO's intangible cultural heritage list for 2022.

Last year, Durga Puja was also listed on the UNESCO intangible cultural heritage representative.

India was elected by UNESCO to serve on the distinguished Intergovernmental Committee of the 2003 Convention for the Safeguarding of the Intangible Cultural Heritage in July. 

Kalbelia dance was listed in UNESCO’s representative list of the Intangible Cultural Heritage of Humanity.

Muthoot Finance launches Milligram Gold Point programme for customers

Muthoot Finance has launched Milligram Reward Programme for its customers to strengthen its relationships with customers.

In this programme, transactions with the company will be rewarded with a certain amount of milligram reward points.

With this launch, the company has become the first gold loan NBFC to launch a new reward programme.

Two year long programme, every customer referral transaction with the company will yield 20 mg of gold.

Muthoot MD: George Alexander

Royal Enfield partners with UNESCO to promote cultural heritage of India

Royal Enfield and UNESCO (the United Nations Educational, Scientific and Cultural Organisation) have been partnered to promote and safeguard the 'Intangible Cultural Heritage' of India.

UNESCO has been running a movement to identify, document and preserve the Intangible Cultural Heritage of India.

India is one of the 178 countries, who had adopted the 2003 UNESCO Convention for the Safeguarding of the Intangible Cultural Heritage, for decades.

HM Amit Shah chaired the 23rd meeting of Central Zonal Council in Bhopal

HM Amit Shah has chaired the 23rd edition of Central Zonal Council meeting in Bhopal.

Issues: connectivity, power, sharing of river water and other matters of common interests. 

The meeting was attended by CMs, ministers and senior officers of the member states.

The Central Zonal Council comprises Madhya Pradesh, Chhattisgarh, Uttar Pradesh and Uttarakhand.

Five zonal councils in the country were set up in 1957 under Section 15-22 of the States Reorganisation Act, 1956.

ADB to provide $96.3 million loan to Himachal Pradesh

India has signed USD 96.3 million (Rs 769 crore) loan agreement with the Asian Development Bank (ADB) for safe drinking water and improve water supply and sanitation services in Himachal Pradesh.

This agreement was signed between the multilateral lending agency and the central government.

The project will buildup the capacity of the Jal Shakti Vibhag of the Government of Himachal Pradesh and gram panchayat village water and sanitation committees.

ADB established: 1966

India's 1st IAC Vikrant to be commissioned on September 2

As per the official sources, PM Modi will commission the India's first indigenously-built aircraft carrier (IAC) Vikrant on September 2, 2022.

The four trial phases of IAC Vikrant was completed on 10th  July 2022.

The IAC Vikrant was designed by Indian Navy's in-house Directorate of Naval Design (DND) and built by the Cochin Shipyard Limited.

The IAC is 262 metres long, 62 metres wide and has a height of 59 metres.

The construction of IAC Vikrant was began in 2009.

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.