Latest Current Affairs For Monday 12th September, 2022

Himalaya Diwas 2022: Know Theme, History and Significance

The National Mission for Clean Ganga organized Himalayan Diwas on September 09, in association with Naula Foundation. The day is celebrated with an aim to preserve the Himalayan ecosystem and region.

This day is celebrated to mark the importance of the Himalayas. The Himalayan hill cities face many challenges due to poor building planning and design, poor infrastructures like toads, water supply, sewage etc. and unprecedented felling of trees.

Himalaya Day 2022 was observed under the theme ‘Himalayas will be safe only when the interests of its residents are protected.

World Suicide Prevention Day observed on 10th September

World Suicide Prevention Day (WSPD), celebrated annually on 10 September, is organized by the International Association for Suicide Prevention (IASP) and endorsed by the World Health Organization (WHO).

The overall goal of this day is to raise awareness about suicide prevention worldwide. Objectives include promoting stakeholder collaboration and self-empowerment to address self-harm and suicide through preventative action.

The theme of WSPD 2022, “Creating hope through action,” reflects the need for collective, action to address this urgent public health issue. This has been the triennial theme for World Suicide Prevention Day from 2021 to 2023.

World Suicide Prevention Day (WSPD) was established in 2003 by the International Association for Suicide Prevention in conjunction with the World Health Organization (WHO).

A book title “Forging Mettle : Nrupender Rao and the Pennar Story” by Pavan C. Lall

A senior journalist Pavan C Lall has authored a new book ‘Forging Mettle: Nrupender Rao and the Pennar Story’, which is set to be released in September 2022. The book will be published by HarperCollins Publishers India.

The book is focused on how a business is built into a large organisation on the foundations of values and sustainability. Forging Mettle is a story of Nrupender Rao, Chairman of the Board at Pennar Industries Limited and his entrepreneurial journey.

The story gives a unique philosophy for a company, recommended to striving entrepreneurs to understand how to construct a principled and ethical institution. It’s also the story of how a business built with ethics and social and environmental concern at the core of its values can indeed be profitable and sustainable.

Australia Captain Aaron Finch to Retire from ODI Cricket

Aaron Finch, Australia’s captain announced his retirement from one-day international cricket after Australia’s third and final ODI against New Zealand.

Finch will continue to be the captain of the Australian cricket team for T20 and will lead it in defense of its world title in the T20 World Cup which is going to be held in October and November in Australia.

Finch is known as one of the most damaging opening batters in the world, Finch has scored 5,401 runs in the ODI format with an average of close to 40, and 17 centuries.

DRDO & Indian Army Successfully Conduct Six Flight-Tests of QRSAM Off Odisha Coast

Defense Research and Development Organization (DRDO) and the Indian Army completed six flight tests of the Quick Reaction Surface to Air Missile (QRSAM) system from Integrated Test Range (ITR), Chandipur, on the Odisha Coast, as part of evaluation trials.

QRSAM is a short-range Surface Air Missile (SAM) system, which is designed and developed by the DRDO.

The QRSAM aims to provide a protective shield to the moving armored columns of the Army from aerial attacks.

The six flight tests were carried out against high-speed aerial targets mimicking various types of threats to evaluate the capability of the QRSAM as a short-range Surface Air Missile (SAM) system.

Fortune India Rich List 2022: Gautam Adani India’s richest man

According to Fortune India’s list of ‘India’s Richest’ for 2022, the wealth of 142 billionaires based in India is collectively worth USD 832 billion (Rs 66.36 trillion). The maiden list, made in collaboration with the wealth management firm, Waterfield Advisors, is primarily based on the wealth of entrepreneurs of listed firms.

According to Forbes real­time billionaires list, Asia’s richest man Gautam Adani has overtaken Amazon founder Jeff Bezos to become the 3rd richest person in the world. He became India’s richest man with a net worth of USD 129.16 billion (Rs. 10.29 trillion). 

Meanwhile, Reliance Industries chairman Mukesh Ambani’s net worth stands at USD 94 billion becoming the 8th richest in the world and the 2nd richest in India.

RBI imposes fine on three entities for failing to comply

The Reserve Bank of India (RBI) imposes fine on three entities: Three organisations, including Industrial Bank of Korea, have received fines from the Reserve Bank for breaking regulations.

The Reserve bank of India announced that Industrial Bank of Korea has been fined Rs 36 lakh for failing to follow several Know Your Customer (KYC) guidelines.

Woori Bank was fined Rs 59.10 lakh for failing to follow RBI guidelines regarding the “Creation of a Central Repository of Large Common Exposures – Across Banks.”

Indiabulls Commercial Credit Limited, New Delhi, has been fined Rs. 12.35 lakh for failing to follow some KYC directives.

The Reserve Bank did emphasise that the purpose of penalties is not to judge the legality of any transaction or arrangement entered into by the firms with their clients but rather to reflect weaknesses in regulatory compliance.

Important For All Exam 2022:

Woori Bank Chairman: Yo Hwan Shin

Indiabulls Commercial Credit Limited Chairman: Mr. Ajit Kumar Mittal

RBI Governor: Shaktikanta Das

Lord’s Mark Insurance receives direct insurance broker’s licence by IRDAI

Lord’s Mark Insurance recieves insurance licence: The Insurance Regulatory and Development Authority of India (IRDAI) has given Lord’s Mark Insurance Brokerage Private Limited, the insurance division of Lord’s Mark Industries, a direct insurance broking licence to market life and general insurance products. With this direct broking licence, Lord’s Mark Insurance Industries lays the groundwork for its entry into the insurance sector.

Insurance from Lord’s Mark Insurance In order to formalise relationships for the launch of life and general insurance products on its Policy King platform, broking is already in talks with a few top insurance providers.

Vehicle Dispatches Rise 21% As Chip Supply Improves

Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August, riding on improved supplies of semiconductors and festive demand, according to the Society of Indian Automobile Manufacturers.

As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units last month, against 2,32,224 units in August 2021. Passenger car wholesales were up 23 per cent at 1,33,477 units last month, as against 1,08,508 units in the year-ago period, SIAM said.

Bihar CM inaugurated India’s longest rubber dam on Falgu River

Bihar Chief Minister, Nitish Kumar has inaugurated India’s longest rubber dam ‘Gayaji Dam’ on the Falgu River in Gaya. The dam has been built at an estimated cost of Rs 324 crore. Experts from IIT (Roorkee) were involved with the project.

There will be enough water in the dam round the year for the convenience of pilgrims. With its construction, now at least two feet of water will be available in the Falgu River near Vishnupad Ghat throughout the year for the devotees who come here to do Pind Daan.

Important For All Exam 2022:

Bihar Capital: Patna;

Bihar Chief Minister: Nitish Kumar;

Bihar Governor: Phagu Chauhan.

Chinese Economy Is In Real Trouble 

As growth in major global economies slows as a result of high inflation, exacerbated by the Ukraine war, many economists are hoping that China will again come to the world’s rescue.

But this is not 2008, when China’s then rapidly expanding economy and a huge stimulus unleashed by the Beijing government, helped Western countries to recover much faster from the financial crisis.

This time, China’s economic woes run deep. The government has all but given up on this year’s target of 5.5% GDP growth and Premier Li Keqiang warned last month there was little appetite right now for more expansionary policymaking.

Odisha govt launched rainwater harvesting scheme named ‘CHHATA’

Odisha government has launched a rainwater harvesting scheme named ‘Community Harnessing and Harvesting Rainwater Artificially from Terrace to Aquifer (CHHATA). The new scheme was approved by the Cabinet last month. It will be implemented for a period of five years.

The State sector scheme will work towards conserving rainwater and improving water quality in urban local bodies (ULBs) and water scarce blocks.

As per the feasibility based on a groundwater resource assessment conducted in 2020, rainwater harvesting structures will be constructed on the roofs of 29,500 private buildings and 1,925 government buildings covering 52 water-stressed blocks and 27 urban local bodies.

Important For All Exam 2022:

Odisha Capital: Bhubaneswar;

Odisha Chief Minister: Naveen Patnaik;

Odisha Governor: Ganeshi Lal.

Chhattisgarh CM Inaugurates 2 New Districts in the State, Takes Total To 33

Chief Minister of Chhattisgarh, Bhupesh Baghel inaugurated the 32nd and 33rd districts of the State. Manendragarh-Chirmiri-Bharatpur and Sakti were announced as the 32nd and 33rd districts of Chhattisgarh.

Sakti is carved out from Janjgir-Champa, and Manendragarh-Chirmiri-Bharatpur is carved out from the Koriya district.

The Chattisgarh Chief Minister said that people have been demanding the creation of the Manendragarh district for a very long time and it has been a long-term struggle to create Manendragarh as a district.

Three new districts have been inaugurated in Chattisgarh by the Chief Minister. There are now, 33 districts in Chattisgarh including Mohla-Manpur-Ambagarh Chowki, Sarangarh-Bilaigarh, and Khairagarh-Chhuikhadan-Gandai.

Volker Turk set to become next UN human rights chief

The United Nations (UN) General Assembly approved Volker Türk of Austria to be the global body’s Human Rights Chief by UN Secretary­-General Antonio Guterres. Volker Turk replaces Verónica Michelle Bachelet Jeria, a Chilean politician who served at the office of the UN High Commissioner for Human Rights (OHCHR) from 2018 to 2022.

Turk, currently serving as assistant secretary-general for policy. Previously, Volker Türk served as the Assistant High Commissioner for Protection at UN refugees, the UN Refugee Agency (UNHCR), Geneva. He had a long and successful career in the advancement of human rights globally.

Important For All Exam 2022:

Office of the High Commissioner for Human Rights (OHCHR) Headquartered:­ Geneva, Switzerland; New York City, United States;

Office of the High Commissioner for Human Rights Establishment­ December: 1993.

E-FAST- India’s first National Electric Freight Platform Launched by NITI Aayog, WRI

NITI Aayog and World Resources Institute (WRI), launched India’s first National Electric Freight Platform- E-FAST India (Electric Freight Accelerator for Sustainable Transport-India).

The National Electric Freight Platform brings different stakeholders together with the support of the World Economic Forum, CALSTART, and RMI India.

The platform aims to raise awareness of freight electrification bolstered by an on-ground demonstration pilot and evidence-based research.

It will support scalable pilots and inform policies aimed at accelerating freight electrification in India.

The launch of E-Fast India has witnessed participation from major automobile industries, logistics companies, development banks, and fin-tech companies.

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.