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CURRENT AFFAIRS: NATIONAL NEWS
SETU program introduced in the US by Mr. Piyush Goyal:
- The SETU(Supporting Entrepreneurs in Transformation and Upskilling) initiative was developed by Mr. Piyush Goyal, the minister of business and industry, to connect Indian entrepreneurs with investors in the US
- Through SETU, US mentors keen to encourage entrepreneurship may interact with Indian businesses that are just getting started.
- The concept was discussed to specific issues with India’s startup environment.
- The meeting’s primary subjects were how to encourage domestic incorporation and the successful diaspora residents’ mentoring of young Indian businesses in the San Francisco Bay Area.
- By linking Indian companies to investors and professionals in the US startup ecosystem, the project would offer mentorship and help in a variety of areas, including investment, market access, and commercialization.
Railway’s Revenue Up 38 % to Rs 95,486.58 Cr:
- Indian Railways’ entire income at the end of August was 95,486.58 crores, up Rs. 26271.29 crores (38%) over the same time the previous year.
- According to official records of movers provided by the ministry of railways, the income from passenger traffic was Rs. 25,276.54cr, a rise of 13,574.44 cr (116%) over the similar time of last year.
- According to the data, passenger traffic grew in both the reserved and unreserved sectors compared to the previous year.
- Long-distance reserved mail express train growth has been more rapid than that of passenger and suburban trains.
- According to train Mistry statistics, other coaching revenue totaled Rs. 2437.42 cr, up 811.82 cr. (or 50%) over the same time last year.
The finance minister offers some advice for preventing fraudulent loan applications:
- The Indian Finance Minister, Nirmala Sitharaman, has decided to take some actions to control the operation of illegal lending applications in light of the surge in incidents of digital fraud after reviewing some related issues in a meeting.
- Most mobile lending applications function independently and are not registered with any central banks.
- There have been an increasing number of documented incidents of borrowers committing suicide due to harassment by a small percentage of the proprietors of online lending services.
- Following a meeting presided over by the minister, it was decided that the Ministry of Electronics and Information Technology (MeitY) would ensure that only approved apps were made accessible on app stores, while RBI would compile a whitelist of all approved apps.
PM has inaugurated Centre-State Science Conclave at Science City in Ahmedabad:
- Prime Minister Shri Narendra Modi inaugurated Centre-State Science Conclave at Science City in Ahmedabad
- The two-day conclave will strengthen Centre-State coordination to build a robust science, technology & innovation ecosystem across the country.
- Union Home Minister Amit Shah will attend the concluding session of the conclave on 11 September 2022.
- The two-day Conclave is being organized at Science City, Ahmedabad.
- It includes sessions on different thematic areas including STI Vision 2047, doubling Private Sector investment in R&D by 2030, etc.
The government has imposed a 20 percent export duty on non-basmati rice:
- After imposing a 20 percent export duty on non-basmati rice, the government has banned the export of broken rice to increase domestic availability, according to a government notification.
- “Export policy of broken rice Is amended from ‘Free’ to ‘Prohibited’,” the Directorate General of Foreign Trade (DGFT) said in a notification.
- The notification comes into effect on September 9, 2022.
- Provisions under the Foreign Trade Policy 2015-2020 regarding the transitional arrangement shall not apply to this notification.
- India, the world’s second-largest rice producer after China, commands a 40 percent share in global trade.
- The country exported 21.2 million tonnes of rice in 2021-22, of which 3.94 million tonnes was basmati rice.
- Rice production rose to a record 130.29 million tonnes in the last crop year as against 124.37 million tonnes in 2020-21.
- The government has already restricted exports of wheat.
CURRENT AFFAIRS: INTERNATIONAL NEWS
PM Shri Narendra Modi To Attend SCO Meeting With Putin And Xi:
- Prime Minister Shri Narendra Modi will go to Samarkand, Uzbekistan, for the summit of the Shanghai Cooperation Organization (SCO).
- After the SCO summit in Bishkek, Kyrgyzstan, in June 2019, this will be the first summit to take place in person.
- According to the current vacation itinerary, the Prime Minister will probably leave for Samarkand on September 14 and return on September 16.
- India’s participation at the summit is crucial since, after the Samarkand summit, it will take up the rotating chairmanship of the SCO.
- Up to September 2023, Delhi will rule over the organization for a full year.
- Thus, India will host the SCO summit the following year, which will include participation from the presidents of China, Russia, and Pakistan, among others.
- Chinese President Xi Jinping, Russian President Vladimir Putin, Pakistan Prime Minister Shehbaz Sharif, and Iranian President Ebrahim Raisi are among the leaders expected at the summit.
Indian students receive the most student visas from the US in 2022
- In 2022, the United States (US) awarded a record 82,000 student visas to Indians, more than any other country.
- This is according to the United States (US) Embassy in India.
- Patricia Lacina, charge d’affaires of the US Embassy in India, claimed.
- This shows that the majority of Indian families continue to choose the US as their primary destination for higher education.
- The fact that Indian students will receive the majority of student visas from the US in 2022 highlights the important contributions that Indian students make to our two countries as they develop long-lasting relationships with American peers to support and grow international collaborations and work together to address current and upcoming global concerns.
- There were 1,67,582 Indian students in the 2020–2021 academic year, making up around 20% of all overseas students studying in the United States, according to the Open Doors report from 2021. (US).
- The Minister Counsellor for Consular Affairs, Don Heflin, expressed his happiness at having helped Indian students pursue a top-notch education.
CURRENT AFFAIRS: STATE NEWS
Delhi Police become the first police force in India to make forensic evidence mandatory
- Delhi Police has become the first police force in India to make the collection of forensic evidence mandatory for offenses punishable with more than six years.
Aim :
- To boost the conviction rate and integrate the criminal justice system with forensic science investigation.
Key Highlights :
- Apart from Delhi police’s own mobile crime vans, a forensic mobile van shall be allocated to all districts to provide scientific and forensic assistance on the spot to IOs
- The forensic vans shall be fully equipped with the necessary tools and assistants shall be detailed.
- These vans shall not be under the administrative control of the police and be an independent entity responsible to the court of law.
- These vehicles shall visit the crime scenes whenever called by any station house officer (SHO) or investigation officer (IO).
Note :
- The recently released NCRB report showed a 40% increase in crimes against women in Delhi, which is the highest among all metropolitan cities in the
About Delhi :
- Chief Minister : Arvind Kejriwal
- Governor: Vinai Kumar Saxena
- Capital: New Delhi
CURRENT AFFAIRS: BANKING & FINANCE
HSBC commits Rs 125 cr to green causes, energy transition projects in India over the next five years
- Foreign lender Hongkong and Shanghai Banking Corporation Limited (HSBC) has committed Rs 125 crore over the next 5 years to support green causes like wetland conservation and energy transition projects in
- The measures are being taken as part of its efforts to limit the impact of climate change.
- Under the commitment, it has divided the works into two broad themes, including energy transition and nature-based solutions.
- The nature-based solutions will support sustainable agriculture, restore landscapes, and safeguard and revitalize wetlands, mangroves, and
- Energy transition will include renewables and/or energy efficiency programs to support the shift towards renewables and scale efficiency initiatives in sectors like healthcare, dairy cold chain, and for productive energy use by communities.
- It has teamed up with the nonprofit organizations WWF India and India Resources Trust (WRI India) to launch initiatives in 8 states.
- In Jharkhand, Maharashtra, West Bengal, and Assam, the partnership with civil society organizations intend to provide integrated 300 kW clean energy solutions to healthcare institutions.
- HSBC has also launched a discussion platform called ‘CEOs on Sustainability’.
Aim:
- To bring together business executives from the public and private sectors, as well as decision-makers, think tanks, and financial institutions to exchange ideas and share best practices.
About HSBC :
- Founded: 25 March 1991
- Headquarters: London, England, UK
- Group CEO: Noel Quinn
- Group Chairman: Mark Tucker
- Chief Executive Officer of HSBC India: Hitendra Dave
- HSBC Holdings plc is a British multinational universal bank and financial services holding company.
Max Life launches Smart Flexi Protect Solution
- Max Life Insurance Company Ltd has launched ‘Smart Flexi Protect Solution’, a 3-in-1 offering that provides health and enhanced life cover, along with market-linked investment returns.
About Smart Flexi Protect Solution :
- Max Life’s Smart Flexi Protect Solution is designed as a go-to choice for earning individuals, especially for self-employed profiles.
- The ‘Smart Flexi Protect Solution’ is a combination of Max Life Flexi Wealth Plus & Max Life Critical Illness and Disability Secure Rider.
Max Life Flexi Wealth Plus:
- Flexi Wealth Plus will help create financial protection with enhanced life cover plus savings with market-linked returns.
- It offers 5 different investment strategies and 11 funds along with a return of mortality charges at maturity.
Max Life Critical Illness and Disability Secure Rider:
- The Critical Illness and Disability Secure Rider acts as a financial net, offering a specific coverage amount to financially secure one against 64 critical illnesses and total permanent disability.
Key highlights of Max Life’s Smart Flexi Protect Solution:
- Enhanced Death Benefit: Max Life’s Smart Flexi Protect Solution has enhanced death benefits, offering the nominees an extra layer of financial protection in the event of the unfortunate demise of the insured.
- Investment Benefit: The solution can help policyholders meet investment objectives through market-linked returns.
- Frictionless Onboarding: The solution is differentiated by its simplified onboarding experience and easy issuance with video medical examination and relaxed financial documentation.
- Tax Benefits: Tax benefits may be available as per the prevailing tax laws.
About Max Life Insurance Company Ltd :
- Founded: 2001
- Headquarters: New Delhi, Delhi
- MD & CEO: Prashant Tripathy
- Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.
CURRENT AFFAIRS: DEFENCE NEWS
Indian Army & Indian Air Force conduct joint exercise ‘Gagan strike’ in Punjab
- Indian Army’s Kharga Corps and the Indian Air Force (IAF) conducted a joint exercise ‘Gagan strike’ in
- The joint exercise, spearheaded by General Officer Commanding Khagra Corps, Lt Gen Pratik Sharma, was conducted over 4 days.
- Lt Gen Nav K Khanduri, General Officer Commanding-in-Chief, Western Command, witnessed the exercise.
About the joint exercise ‘Gagan strike’ :
- The exercise comprised the deployment of attack helicopters as the aerial arm in support of ground forces carrying out drills, practicing annihilation of enemy defenses and deep penetration
- It validated the Apache 64E and Advanced Light Helicopter (ALH) Weapon System Integrated (WSI) as potent weapons delivery platforms.
- The exercise also showcased the precision firepower of the attack helicopters in coordination with ground forces’ mechanized columns.
CURRENT AFFAIRS: SCIENCE AND TECHNOLOGY
PhonePe tokenized 14 million debit and credit cards:
- According to the Reserve Bank of India’s (RBI) rules for data protection, PhonePe declared that it had tokenized 14 million credit and debit cards on its network.
- The Walmart-backed startup asserts that more than 80% of the cards of its active customers have been tokenized since the project started in December 2021.
- With tokenization, a new phrase called “token” will be used in place of the real card number.
- A tokenized transaction is safer and less likely to cause data leakage because the actual card information is not revealed to a merchant during transactions.
PhonePe announced that it is working with the three biggest card networks Visa, Mastercard, and RuPay to fulfill the regulator’s September 30, 2022 tokenization deadline.
CURRENT AFFAIRS: SPORTS NEWS
US Open 2022 Concludes: Complete List of Winners
- In the men’s division, Spanish player C. Alcaraz Garcia has won his maiden Grand Slam title after overcoming C. Ruud, who is only 19 years old and is the youngest player to become world No. 1.
- The tournament took place at New York’s Arthur Ashe Stadium.
- In the women’s division, Poland tennis player I. Witek beat O. Jabeur will win the 2022 US Open women’s singles.
- The overall prize fund for the Open established a new high of more than $60 million, up from $57.5 million in 2021.
- The total prize money for women’s and men’s singles is $42,628,000, with the champions receiving $2.6 million each.
- The runners-up in men’s and women’s singles will each win $1.3 million.
| S. No. | Category | Winner | Runner Up |
| 1. | Men’s Singles | C. Alcaraz Garfia | C. Ruud |
| 2. | Women’s Singles | I. Świątek | O. Jabeur |
| 3. | Men’s Doubles | R. Ram & J. Salisbury | W. Koolhof & N. Skupski |
| 4. | Women’s Doubles | K. Siniaková & B. Krejčíková | C. McNally
& T. Townsend |
| 5. | Mixed Doubles | S. Sanders & J. Peers | K. Flipkens & É. Roger-Vasselin |
CURRENT AFFAIRS: BOOKS AND AUTHOR
A book titled “Forging Mettle: Nrupender Rao and the Pennar Story” by Pavan C. Lall:
- Pavan C Lall, a veteran journalist, has written a new book titled ‘Forging Mettle: Nrupender Rao and the Pennar Story,‘ which will be released in September 2022.
- HarperCollins Publishers India will publish the book.
- The book focuses on how a small corporation grows into a huge organization based on principles and sustainability.
- Forging Mettle is the narrative of Nrupender Rao, Chairman of the Board of Pennar Industries Limited, and his business path.
- The narrative teaches aspiring entrepreneurs how to build a moral and ethical organization.
- It’s also the story of how a company founded on ethics and social and environmental care can be successful and sustainable.
CURRENT AFFAIRS: OBITUARIES
Veteran Archaeologist BB Lal Passes away
- Former director general of the Archaeological Survey of India (ASI) Braj Basi Lal Passed away at the age of 101 in Delhi.
About BB Lal :
- Lal was born in Jhansi, Uttar Pradesh, India, on 2 May 1921.
- He began his career as an archaeologist in 1943 as a trainee in the excavation under the renowned British archaeologist Mortimer Wheeler.
- He was the Director General of the Archaeological Survey of India (ASI) from 1968 to 1972.
- He has served as Director of the Indian Institute of Advanced Studies, Shimla.
- He is best known for proposing the existence of a temple-like structure beneath the now-demolished Babri mosque.
- For 50 years, Lal worked on over 50 books and 150 research papers that were published in national and international journals.
- His most notable books are ‘The Saraswati Flows On: The Continuity of Indian Culture,’ published in 2002, and ‘Rama, His Historicity, Mandir, and Setu: Evidence of Literature, Archaeology, and Other Sciences,’ published in 2008.
Awards & Honors :
- He received the Padma Bhushan Award from the President of India in 2000
- He was awarded India’s second-highest civilian award, the Padma Vibhushan, in
Former CJI KN Singh passes away
- Former Chief Justice of India Kamal Narain Singh passed away at the age of 95 in Prayagraj, Uttar Pradesh.
About Kamal Narain Singh :
- His career as a judge started with his appointment as an Additional Judge of the Allahabad High Court in
- He then became a Permanent Judge in August 1972.
- He got elevated as a Supreme Court judge in 1986 and, after almost 5 years, became the CJI.
- He also served as Chairman of the 13th Law Commission of India from 1991-1994.
- He was part of several important judgments, including the Ganga Pollution case, the case challenging the validity of a death sentence, etc.
- He was appointed as the 22nd Chief Justice of India (CJI) on November 25, 1991, and retired on December 12, 1991.
Note :
- Justice Kamal Narain Singh had the shortest (17 days) tenure as CJI.
- Justice Yeshwant Vishnu Chandrachud had the longest (7 years) tenure as
Daily CA on September 13:
- The SETU(Supporting Entrepreneurs in Transformation and Upskilling) initiative was developed by Mr. Piyush Goyal, the minister of business and industry, to connect Indian entrepreneurs with investors in the US
- The SETU(Supporting Entrepreneurs in Transformation and Upskilling) initiative was developed by Mr. Piyush Goyal, the minister of business and industry, to connect Indian entrepreneurs with investors in the US
- Indian Railways’ entire income at the end of August was 95,486.58 crores, up Rs. 26271.29 crores (38%) over the same time the previous year.
- Prime Minister Shri Narendra Modi inaugurated Centre-State Science Conclave at Science City in Ahmedabad
- The Indian Finance Minister, Nirmala Sitharaman, has decided to take some actions to control the operation of illegal lending applications in light of the surge in incidents of digital fraud after reviewing some related issues in a meeting.
- After imposing a 20 percent export duty on non-basmati rice, the government has banned the export of broken rice to increase domestic availability, according to a government notification.
- In the men’s division, Spanish player C. Alcaraz Garcia has won his maiden Grand Slam title after overcoming C. Ruud, who is only 19 years old and is the youngest player to become world No. 1.
- Pavan C Lall, a veteran journalist, has written a new book titled ‘Forging Mettle: Nrupender Rao and the Pennar Story,‘ which will be released in September 2022.
- Prime Minister Shri Narendra Modi will go to Samarkand, Uzbekistan, for the summit of the Shanghai Cooperation Organization (SCO).
- In 2022, the United States (US) awarded a record 82,000 student visas to Indians, more than any other country.
- Delhi Police has become the first police force in India to make the collection of forensic evidence mandatory for offenses punishable with more than six years.
- Foreign lender Hongkong and Shanghai Banking Corporation Limited (HSBC) has committed Rs 125 crore over the next 5 years to support green causes like wetland conservation and energy transition projects in India.
- Max Life Insurance Company Ltd has launched ‘Smart Flexi Protect Solution’, a 3-in-1 offering that provides health and enhanced life cover, along with market-linked investment returns.
- Indian Army’s Kharga Corps and the Indian Air Force (IAF) conducted a joint exercise ‘Gagan strike’ in Punjab.
- According to the Reserve Bank of India’s (RBI) rules for data protection, PhonePe declared that it had tokenized 14 million credit and debit cards on its network.
- Former director general of the Archaeological Survey of India (ASI) Braj Basi Lal Passed away at the age of 101 in Delhi.
- Former Chief Justice of India Kamal Narain Singh passed away at the age of 95 in Prayagraj, Uttar Pradesh.