Latest Current Affairs For Sunday 28th August, 2022

AAI signs MoU with Sweden to facilitate smart aviation technology

Airports Authority of India (AAI) has signed MoU with LFV Air Navigation Services of Sweden at Headquarters of AAI in New Delhi. 

It will bring together two air navigation service providers, India and Sweden, with demonstrated capabilities in building and operationalizing the next generation of sustainable aviation technology, to explore smart aviation solutions.

It will pave the way for bi-lateral exchange of aviation expertise and technology between the two countries.

Ananth Narayan Gopalkrishnan appointed as whole-time member of SEBI

Associate Professor of SP Jain Institute of Management & Research, Ananth Narayan Gopalkrishnan has been appointed as the fourth whole-time member (WTM) of Securities and Exchange Board of India (SEBI). 

He has been appointed for an initial period of 3 years.

Other WTMs: SK Mohanty, Ashwani Bhatia, Ananta Barua

Prior to SP Jain, Narayan was the Regional Head of Financial Markets for ASEAN and South Asia at Standard Chartered Bank. 

SEBI’s chairperson: Madhabi Puri Buch

Maharashtra to get its first “Divyang Park’’ in Nagpur

Ministry of Social Justice and Empowerment has announced to establish and provide all possible support to the first ‘Divyang Park’ of Maharashtra in Nagpur.

It will have different kind of facilities for Divyangjans like sensory garden, textile Pathway touch, smell garden, skill training facility, rehabilitation facility, Sports-infotainment etc. 

During the occasion, ‘Samajik Adhikarita Shivir’ for distribution of aids and assistive devices to Senior citizens was also held.

8th International Film Festival of Shimla begins at Gaiety Theater

Three-day 8th edition of the International Film Festival of Shimla has begun at Gaiety Theater, Shimla, Himachal Pradesh.

The festival will screen around 86 films and will be participated by 50 directors from India and abroad.

There are 27 films in the international category, 34 Indian films, 4 Himachali films, and 15 National Award-winning films will be screened.

Film exhibition organized by the National Film Archives of India, Pune will be displayed at the venue.

Awadh Bihari Chaudhary unanimously elected as Speaker of Bihar Assembly

Senior RJD MLA Awadh Bihari Chaudhary unanimously has been elected as the Speaker of Bihar Assembly under Nitish kumar-RJD led Mahagathbandhan.

Election for the post of Speaker was necessitated following the resignation of Vijay Kumar Sinha from the post in the changed political scenario in Bihar.

Chief Minister of Bihar: Nitish Kumar

Deputy CM of Bihar: Tejashwi Yadav

NITI Aayog to establish 500 Atal Tinkering Labs in Jammu and Kashmir

Atal Innovation Mission (AIM) and NITI Aayog will establish more than 500 Atal Tinkering Labs (ATLs) in Jammu and Kashmir to nurture an innovative mind-set among high school students.

It will encourage young minds in the field, and challenge students to become producers of products themselves instead of consumer. 

AIM was launched to create and promote an ecosystem of innovation and entrepreneurship across the country via school, University, research, MSME, etc.

Germany inaugurates world's first hydrogen-powered train fleet

Germany has launched world's first fleet of 14 hydrogen-powered passenger trains, replacing 15 diesel trains that previously operated on nonelectrified tracks in the state of Lower Saxony.

These 14 trains use hydrogen fuel cells to generate electricity that powers the engines.

They have a range of up to 1,000 kilometres (621 miles) and a maximum speed of 140 kmph (87 mph).

It is manufactured by French company Alstom and are operated by regional rail company LNVG.

Neeraj Chopra wins Lausanne Diamond League Meet title in Javelin throw

Tokyo Olympics gold medalist Neeraj Chopra has won the Javelin Throw competition at the Lausanne Diamond League with a best throw of 89.08 metre.

He became the first Indian to clinch the prestigious Diamond League Meet title.

He has thus qualified for the Diamond League Finals, which will take place in Zurich, Switzerland on 7th and 8th September.

He is also now qualified for the 2023 World Championships, which is to be held in in Budapest, Hungary.

Grandmaster Arjun Erigaisi won 28th Abu Dhabi Masters Chess Title

Indian Grandmaster Arjun Erigaisi has defeated Spain's David Anton Guijarro in the ninth and final round with 7.5 points and a performance rating of 2893 to win the 28th Abu Dhabi Masters chess tournament.

He has gained 35 Elo rating points after the recently concluded Chess Olympiad in India.

The second spot in the Abu Dhabi Masters was claimed by Uzbekistan’s Javokhir Sindarov after defeating Iran's M Amin Tabatabaei.

Justice U U Lalit sworn-in as 49th Chief Justice of India

Justice Uday Umesh Lalit (64 years) has been sworn-in as the 49th Chief Justice of India (CJI), succeeding 

Justice NV Ramana. 

President Draupadi Murmu administered him oath at Rashtrapati Bhawan.

He will have a short tenure of 74 days and will hold office till Nov 8, 2022. 

He was involved in some landmark judgements like that of Triple Talaq case. 

Constitution grants power to the President of India to appoint CJI, in consultation with outgoing chief justice.

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.