Current Affairs September 18th & 19th 2022| Current Affairs News

September 19, 2022

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CURRENT AFFAIRS: IMPORTANT DAYS

International Red Panda Day

International Red Panda Day is celebrated every year on the third Saturday of September.
This year, the day falls on 17 September.
International Red Panda Day is commemorated to raise awareness about the red panda conservation issues.

History:

International Red Panda Day (IRPD) was launched by Red Panda Network (RPN) in 2010.
More than 16 schools and zoos from around the world participated in its launch.
Currently, more than 60 zoos take part in the celebration of International Red Panda Day.
Many conservation organizations and schools also celebrate this day by conducting various types of events like having informational presentations and seminars about the red panda.

World Bamboo Day- September 18

Every year on September 18, World Bamboo Day is marked as a day of celebration to raise global awareness of bamboo.
Bamboo has been an everyday usage wood in areas where it grows naturally, but its use does not seem to be sustainable owing to exploitation.

HISTORY:

The World Bamboo Organization was formally recognized on September 18, 2009, during the 8th World Bamboo Congress in Bangkok. Delegates from almost 100 countries attended the event and agreed to designate September 18 as World Bamboo Day, which was unanimously supported by all attendees.
In addition, the day is also marked as the Royal Thai Forestry Day.
In 2009 on this day, the Deputy Governor of Bangkok as a representative of the Royal Thai Government, Ms. Susanne Lucus, Executive Director of WBO, and Mr. Kamesh Salam, President of WBO, along with others named the day World Bamboo Day.

CURRENT AFFAIRS: NATIONAL NEWS

The Election Commission of India has launched BLO e-Patrika:

During an interactive session with BLOs from across India, the Election Commission of India published a new digital magazine called ‘BLO e-Patrika.’
50 BLOs from adjacent states of Rajasthan, Uttar Pradesh, and Delhi physically attended the event at the India Habitat Centre in New Delhi.
The meeting was attended by around 350 BLOs via videoconference from the office of Chief Electoral Officers (CEO).
The BLOs took part in the interactive session with the Commission and shared their experiences, difficulties they encountered while carrying out their tasks, and triumphs.
The Commission’s direct communication with BLOs around the nation was a first of its type.

India launches ‘Urban Wastewater Scenario in India’ at World Water Congress and Exhibition 2022:

At the World Water Congress and Exhibition in Copenhagen in 2022, India and Denmark released a joint whitepaper titled “Urban Wastewater Scenario in India.”
Gajendra Singh Shekhawat of Jal Shakti, Lea Wermelin of Denmark’s Ministry of the Environment, and Flemming Moller Mortensen of Denmark’s Ministry of Development Cooperation organized the “Urban Wastewater Scenario in India.”
By 2024, India will invest more than 140 billion dollars in the water industry.
In the “Urban Wastewater Scenario in India,” according to Jal Shakti Minister Gajendra Singh Shekhawat, at least 10% of the money is given by the community in each scheme, ensuring community ownership and engagement.

India’s First Forest University to be Established in Telangana:

The first Forest University will be established in India.
The Telangana Assembly adopted the Forestry Universities (UoF) Act 2022.
First of its type in India, the University of Forestry (UoF).
After China and Russia, it will be the third university of forestry in the world.
The Forestry College and Research Institute (FCRI) in Hyderabad will be expanded, according to the Telangana government.
The FCRI will be converted into a full-fledged University.
Additional 18 programs, including Ph.D., Diploma, and certificate programs in Urban Forestry, nursery management, agro-forestry, tribal livelihood enhancement, forest entrepreneurship, climate-smart forestry, and forest park management are planned to be introduced when FCRI is upgraded to a university.

CURRENT AFFAIRS: STATE NEWS

Odisha To Get 5G Service in First Phase of Launch: Ashwini Vaishnaw

Telecom Minister Shri Ashwini Vaishnaw announced that Odisha will get 5G service along with other cities in the first phase of its launch.
It will provide users with 10 times the speed of 4G.
Around 13 cities are likely to get 5G telecom service across India in the first phase.
He stated that a 5G lab has been developed at the Indian Institute of Technology (IIT) Madras, Tamil Nadu (TN).
Vaishnaw also informed us that India is looking at developing hydrogen-powered trains by 2023.

About Odisha :

Governor: Ganeshi Lal
Chief minister: Naveen Patnaik
Capital: Bhubaneswar

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

Bihar Chief Minister Shri Nitish Kumar has inaugurated India’s longest rubber dam ‘Gayaji Dam’ on the Falgu River in Gaya, near Vishnupad temple in Bihar, India.
The Dam has been constructed by Rubina Company of Austria in collaboration with Nagarjuna Construction Company of Hyderabad on the advice of experts from IIT Roorkee.
The dam has been built at an estimated cost of Rs 324 crore.
Earlier, CM Shri Nitish Kumar laid its foundation stone on 22 September 2020.

About Gayaji Dam :

The rubber dam is 411 meters long, 95.5 meters wide, and 3 meters high.
The dam is made of 17 mm thick rubber.
After the construction of the dam, its water will be stored for about two and a half kilometers.
It is bulletproof and experts claim that it will not deteriorate for 100 years.
It will provide an uninterrupted water supply to Vishnupad Temple in Gaya throughout the year.

About Falgu River :

Falgu River originates in the Palamu district of Jharkhand.
The river passes through the holy city of Gaya in Bihar and has significance in Hindu and Buddhist religions.
The length of the Falgu river in Bihar is about 135 km & it starts near Gaya at the confluence of Lilajan River and Mohana River and finally joins Punpun River, Bihar.

About Bihar :

Governor : Phagu Chauhan
Chief Minister: Nitish Kumar
Capital: Patna

Delhi CM Arvind Kejriwal Unveils Delhi Model School Plan In TamilNadu

Delhi Chief Minister Shri Arvind Kejriwal unveiled the establishment of 26 Schools of Excellence (SoE) and 15 Model Schools in Tamil Nadu (TN) in an event held at the Bharathi Women’s College in Chennai, Tamil Nadu (TN).
During this inauguration Tamil Nadu CM Shri M K Stalin also attended.
‘Thagaisal Palligal’ and ‘Mathiri Palligal’ are the official Tamil names for the SoE and Model Schools.

About TN :

Governor: R. N. Ravi
Chief minister: M. K. Stalin
Capital: Chennai

About Delhi :

Lt Governor: Vinai Kumar Saxena
Chief minister: Arvind Kejriwal
Capital: New Delhi

CURRENT AFFAIRS: BANKING & FINANCE

Reliance General Insurance partners with Paytm to offer customizable health policy

Reliance General Insurance Firm Ltd., an India-based private insurance company, has partnered with Paytm, India’s leading digital payments and financial services company, to provide the public with Reliance Health Gain Policy, a customizable health insurance solution.

About Reliance Health Gain Policy :

Reliance Health Gain Policy was launched in May 2022.

Aim :

To enhance insurance penetration in the country with greater accessibility.
The health insurance policies are offered in three distinct plans – Plus, Power, and Prime – with an assortment of features to allow for policy customization for each consumer.
The policy includes 38 features, such as Double Cover, which provides twice the amount of sum insured.

About the 3 distinct plans :

Plus plan: A maximum of two adults (self and spouse) and six children can be covered.
Power plan: A maximum of four adults (self, spouse, and one set of dependent parents or parents-in-law) and six children can be covered.
Prime plan: A maximum of six adults (self, spouse, set of dependent parents, and set of parents-in-law) and six children can be insured.
Dependent children can be covered from 91 days to 25 years of age under a floater cover.

About Reliance General Insurance Company Limited :

Founded: 17 August 2000
Headquarters: Mumbai, Maharashtra, India
CEO: Rakesh Jain

India Ratings lowers India’s FY23 GDP growth forecast to 6.9% from 7%

India Ratings and Research (Ind-Ra) has lowered its Gross Domestic Product (GDP) growth forecast for the Fiscal Year 2022-23 (FY23) to 6.9% from its earlier forecast of 7.0%.
Quarterly, Ind-Ra expects the growth to decline to 7.2%, 4.0%, and 4.1% in Q2 FY23, Q3 FY23, and Q4 FY23, respectively
Global rating agency Fitch also lowered India’s economic growth forecast for FY23 to 7% from its June 2022 estimate of 7.8%.
It now expects the GDP to slow further to 6.7% in FY24 as compared to its earlier forecast of 7.4%.

CURRENT AFFAIRS: RANKING AND INDEX

Federal Bank was placed 63rd in the Best Workplaces in Asia 2022 survey:

Federal Bank was placed 63rd on Great Place to Work’s list of the Best Workplaces in Asia 2022, making it the only bank in India to be included.
The ranking is based on more than one million survey responses from Asia and West Asia, representing the experiences of more than 4.7 million employees in the area.
This honor is based on secret survey data that evaluated employee perceptions of trust, innovation, business values, and leadership.
Companies are also judged on how successfully they create All workplace experiences, which include all employees regardless of who they are or what they do.
According to Great Place to Work India, 88% of employees in the best workplaces in Asia had a favorable employee experience on average.
Only 55% of workers in the general worldwide workforce have a comparable pleasant experience.

India Stands 4th in Global Crypto Adoption Index 2022:

Chainalysis, a blockchain analysis platform, announced its worldwide crypto adoption index for 2022, with India placing fourth, two positions lower than last year.
According to the Chainalysis analysis, developing markets top the Global Crypto Adoption Index this year.
Out of our top 20 listed nations, 10 (Vietnam, Philippines, Ukraine, India, Pakistan, Nigeria, Morocco, Nepal, Kenya, and Indonesia) have lower-middle incomes, according to the research.
Brazil, Thailand, Russia, China, Turkey, Argentina, Colombia, and Ecuador are the eight countries with upper-middle incomes.
India is ranked higher than the US, the UK, and Russia on the index, indicating that the nation’s crypto community is not far behind in pushing for more extensive usage of the technology.
Ukraine and the Philippines are currently ranked second and third, respectively, indicating a clear desire for the quick adoption of cryptocurrencies.
Vietnam, which has emerged as the nation most willing to embrace bitcoin usage, is leading the worldwide index for the second straight year.
This year, China returned to the top 10 after falling to thirteenth place in the list in 2021.
Given that the Chinese government has been actively repressing cryptocurrency operations since last year, this is highly fascinating.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

IndusInd Bank re-appoints Mr. Sumant Kathpalia as MD & CEO for 3 years

IndusInd Bank has re-appointed Mr. Sumant Kathpalia as its Managing Director (MD) and Chief Executive Officer (CEO) for three years with effect from March 24, 2023, up to March 23, 2026.
The re-appointment is subject to approval from the lender’s shareholders and the Reserve Bank of India (RBI).

About Mr. Sumant Kathpalia :

Kathpalia was appointed as MD & CEO of IndusInd Bank in March 2020.
Before joining IndusInd Bank, Mr. Kathpalia had stints with Citibank, Bank of America, and ABN Amro.
He led the Core Executive Team of the Bank which has successfully affected the Bank’s business turnaround.

About IndusInd Bank :

Founded: April 1994
Headquarters: Mumbai, Maharashtra, India
Tagline: We Make You Feel Richer

Senior IAS Mr. BVR Subrahmanyam appointed as next CMD of ITPO

The Appointments Committee of the Cabinet (ACC) approved the appointment of IAS Officer Mr. BVR Subrahmanyam as the new Chairman & Managing Director (CMD) of the India Trade Promotion Organization (ITPO).
He has been appointed to the post on a contractual basis for two years.
He will replace LC Goyal.

About Mr BVR Subrahmanyam :

Subrahmanyam is a 1987 batch Indian Administrative Services (IAS) officer of the Chhattisgarh cadre.
He belongs to Andhra Pradesh.
He has a management degree from London Business School.
He worked in the PMO between 2004–2008 and March 2012–March 2015, serving under Prime Minister Shri Manmohan Singh and Shri Narendra Modi
He was appointed by the ACC as the Chief Secretary of Jammu and Kashmir in place of BB Vyas in 2018 following the collapse of the PDP-BJP coalition government.
Currently, Mr. Subrahmanyam is working as the Secretary of, the Department of Commerce, Ministry of Commerce and Industry.

About ITPO :

Founded: 1 April 1977
Headquarters: New Delhi, Delhi, India
It is the nodal agency of the Government of India under the aegis of the Ministry of Commerce and Industry (India) for promoting the country’s external trade.

UNICEF appoints climate activist Ms. Vanessa Nakate as Goodwill Ambassador

A 25-year-old climate activist from Uganda, Ms. Vanessa Nakate was appointed as the newest goodwill ambassador of the UN Children’s Fund (UNICEF).

About Ms. Vanessa Nakate :

Vanessa Nakate was born on 15 November 1996 in Uganda.
She began her activism in January 2019 with a protest with her siblings and cousins on the streets of Kampala, inspired by Greta Thunberg.
She founded the Rise Up Movement, a platform to elevate the voices of African climate activists, as well as the Green Schools Project to install solar panels in rural Ugandan schools.
Globally, approximately 1 billion children and nearly half the world’s 2.2 billion children live in one of the 33 countries classified by UNICEF’s Children’s Climate Risk Index as at “extremely high risk” of the impacts of climate change.
According to UNICEF, the top 10 countries are all in Africa

About UNICEF :

Headquarters: New York, United States(US)
Executive Director Catherine Russell

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

ADIA to invest Rs 665 cr in Aditya Birla Health Insurance gets CCI nod under green channel route

The Competition Commission of India (CCI) has given its approval for ₹665-crore primary capital infusion in Aditya Birla Health Insurance (ABHI) by an entity controlled by the Abu Dhabi Investment Authority (ADIA).

Key Highlights :

The proposal has been approved by the competition watchdog under the green channel route.
Once the transaction is complete, ADIA will own a 9.99% stake, Aditya Birla Capital Limited 45.91%, and Momentum Metropolitan Holdings 44.10% stake in Aditya Birla Health Insurance.

About ABHI :

ABHI is a 51:49 joint venture between Aditya Birla Capital Ltd (ABCL) and Momentum Metropolitan Strategic Investments (Pty) Ltd, a wholly-owned subsidiary of South Africa-based Momentum Metropolitan Holdings Ltd.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

China’s 1st Solar-Powered Drone cum Satellite: “Qimingxing-50”

China has successfully tested its first fully solar-powered Unmanned Aerial Vehicle (UAV)/drone namely ‘Qimingxing-50’ or Morning star-50 which can fly uninterrupted for months and can function even as a satellite if required.
It is also referred to as a ‘High Altitude Platform Station’ or a pseudo satellite
It is China’s first large-sized UAV powered only by solar energy.
It took off from an airport in Yulin, northwest China’s Shaanxi province.

About ‘Qimingxing-50’ or Morning star-50 :

Morning Star-50 Drones are cost-effective to build and are also easy to launch and operate.
It can conduct high-altitude reconnaissance, apart from monitoring forest fires, providing communication, and environment relay.
It can fly continuously for long periods at an altitude of 20 km above the earth’s surface.
It has a wingspan of 164 feet.
It can be used in the field of renewable energy, new materials, and aeronautical engineering.

About China :

President: Xi Jinping Trending
Capital: Beijing
Currency: Renminbi

Hughes Communications India Launches India’s First High Throughput Satellite Broadband Service to Link Remote Areas

Hughes Communications India Private Limited (HCI), a leading provider of broadband satellite and managed network services launched India’s first high throughput satellite (HTS) broadband internet service in India, offering satellite internet to remote locations across India.
It will use the Indian Space Research Organisation (ISRO)’s Geosynchronous Satellite (GSAT)-11 and GSAT-29 satellites to offer the service
The service supports applications such as WiFi hotspots for community internet access, managed SD-WAN solutions, backhaul for the mobile network, and satellite internet for small businesses.
The initial HTS broadband service will begin with internet speeds between 2-10 Mbps (Megabits per second).
The service can offer internet connectivity bandwidth of up to

About HCI :

Founded: 1993
Headquarters: Gurgaon, Haryana
President and managing director : Partho Banerjee
Hughes Communications India is a Joint Venture of Hughes Network Systems, LLC (HUGHES), the leading global provider of broadband satellite network services, and Bharti Airtel Limited, India’s premier communications solutions provider.

CURRENT AFFAIRS: SPORTS NEWS

15-yearold Pranav Anand becomes India’s 76th Chess Grandmaster:

Chess player Pranav Anand, 15, of Bengaluru, Karnataka, earned the 76th GrandMaster (GM) of India after defeating Armenian International Master (IM) Emin Ohanyan.
After surpassing 2,500 Elo points at the World Youth Chess Championship, which is now taking place in Mamaia, Romania, he was awarded the title.
Pranav Venkatesh was inducted as India’s 75th Grandmaster a month before Pranav Anand was elevated to the 76th position.
A player must achieve three GM norms comprising 27 games and surpass the live rating of 2,500 Elo points to be eligible for the GM title.
Pranav Anand has to surpass the 2,500 live ratings he achieved in the World Youth Under-16 Open 2022’s last round.
At the 55th Biel Chess Festival in Switzerland in July, he earned his third and last GM norm.
In the last round, he drew with No. 5 GM Eduardo Iturrizaga Bonelli (2619) of Spain.

Vinesh Phogat wins bronze in World Wrestling Championships:

At the 2022 World Wrestling Championship, Vinesh Phogat took home bronze in the women’s 53kg division.
The first Indian woman wrestler to take home two medals at the World Championship was Vinesh Phogat.
She also made history by becoming the first Indian woman to win a gold medal at the Asian and Commonwealth Games.
She won the gold medal in women’s 53 kg freestyle wrestling at the 2022 Commonwealth Games.
Vinesh won the bronze medal match 8-0 over Swedish European Champion Emma Malmgren.
She defeated Kazakhstan’s Zhuldyz Eshimova in the opening round of the repechage earlier in the Asian Games.
In the repechage round, Vinesh advanced to the bronze play-off despite losing to Mongolian Khulan Batkhuyag.

Sikandar Raza and Tahlia McGrath named as ICC Player of the month award for August 2022:

The ICC Player of the Month award for August 2022 has been given to all-rounders Sikandar Raza of Zimbabwe and Tahlia McGrath of Australia by their respective categories.
Raza, who has been crucial for Zimbabwe this month, is the first Zimbabwean international to get the honors.
Meanwhile, McGrath has played a crucial role in the August voyage of the Australian squad.
Raza has performed admirably at the 22-yard line.
In a three-match series against Bangladesh, his two tons helped Zimbabwe overcome the Bangla Tigers 2-1.
Meanwhile, Tahlia McGrath had a remarkable month as well, as she helped her team win the Gold medal at the Commonwealth Games in Birmingham.
McGrath has 128 runs scored on her team’s route to the gold medal and has sent eight batters packing during the competition.

Robin Uthappa announced retirement from all forms of Indian cricket:

Robin Uthappa has declared his retirement from Indian cricket in all formats.
Uthappa appeared in 12 IPL matches for Chennai Super Kings last season, scoring 230 runs with the top score of 88.
He was a member of the country’s Under-19 World Cup team in 2004.
He made his India debut two years later and has played 46 ODIs and 13 T20Is for the country.
In ODIs and T20Is, he scored 934 and 249 runs, respectively.
He has completed 9446 first-class and 6534 List A runs.
His last ODI came against Zimbabwe in 2015, when he struck a 44-ball 31.

India beats Nepal 4-0 in the SAFF U-17 Championship Title finals:

In the final of the SAFF U-17 Championship, India defeated Nepal 4-0.
The SAFF U-17 Championship final was placed at Racecourse International Stadium in Colombo, Sri Lanka.
In the group league, India overcame Nepal 3-1; however, in the finals, India capitalized on the chance and defeated Nepal with a leading charge.
Body Singh scored at the far post following a pass from Ricky Meetei and Vanlalpeka Guite.
Aman, Boby Singh, Korou Singh, Vanlalpeka Guite (Captain), and Vanlalpeka Guite each scored a goal.
However, in the third match of the SAFF Women’s Championship, the Indian women’s football team was beaten by Bangladesh.

Daily CA on September 18 & 19:

International Red Panda Day is celebrated every year on the third Saturday of September.
Every year on September 18, World Bamboo Day is marked as a day of celebration to raise global awareness of bamboo.
During an interactive session with BLOs from across India, the Election Commission of India published a new digital magazine called ‘BLO e-Patrika.’
At the World Water Congress and Exhibition in Copenhagen in 2022, India and Denmark released a joint whitepaper titled “Urban Wastewater Scenario in India.”
The first Forest University will be established in India.
Federal Bank was placed 63rd on Great Place to Work’s list of the Best Workplaces in Asia 2022, making it the only bank in India to be included.
Chainalysis, a blockchain analysis platform, announced its worldwide crypto adoption index for 2022, with India placing fourth, two positions lower than last year.
Chess player Pranav Anand, 15, of Bengaluru, Karnataka, earned the 76th GrandMaster (GM) of India after defeating Armenian International Master (IM) Emin Ohanyan.
At the 2022 World Wrestling Championship, Vinesh Phogat took home bronze in the women’s 53kg division.
The ICC Player of the Month award for August 2022 has been given to all-rounders Sikandar Raza of Zimbabwe and Tahlia McGrath of Australia by their respective categories.
Robin Uthappa has declared his retirement from Indian cricket in all formats.
In the final of the SAFF U-17 Championship, India defeated Nepal 4-0.
Telecom Minister Shri Ashwini Vaishnaw announced that Odisha will get 5G service along with other cities in the first phase of its launch.
Bihar Chief Minister Shri Nitish Kumar has inaugurated India’s longest rubber dam ‘Gayaji Dam’ on the Falgu River in Gaya, near Vishnupad temple in Bihar, India.
Delhi Chief Minister Shri Arvind Kejriwal unveiled the establishment of 26 Schools of Excellence (SoE) and 15 Model Schools in Tamil Nadu (TN) in an event held at the Bharathi Women’s College in Chennai, Tamil Nadu (TN).
Reliance General Insurance Firm Ltd., an India-based private insurance company, has partnered with Paytm, India’s leading digital payments and financial services company, to provide the public with Reliance Health Gain Policy, a customizable health insurance solution.
India Ratings and Research (Ind-Ra) has lowered its Gross Domestic Product (GDP) growth forecast for the Fiscal Year 2022-23 (FY23) to 6.9% from its earlier forecast of 0%.
IndusInd Bank has re-appointed Mr. Sumant Kathpalia as its Managing Director (MD) and Chief Executive Officer (CEO) for three years with effect from March 24, 2023, up to March 23, 2026.
The Appointments Committee of the Cabinet (ACC) approved the appointment of IAS Officer Mr. BVR Subrahmanyam as the new Chairman & Managing Director (CMD) of the India Trade Promotion Organization (ITPO).
A 25-year-old climate activist from Uganda, Ms. Vanessa Nakate was appointed as the newest goodwill ambassador of the UN Children’s Fund (UNICEF).
The Competition Commission of India (CCI) has given its approval for ₹665-crore primary capital infusion in Aditya Birla Health Insurance (ABHI) by an entity controlled by the Abu Dhabi Investment Authority (ADIA).
China has successfully tested its first fully solar-powered Unmanned Aerial Vehicle (UAV)/drone namely ‘Qimingxing-50’ or Morning star-50 which can fly uninterrupted for months and can function even as a satellite if required.
Hughes Communications India Private Limited (HCI), a leading provider of broadband satellite and managed network services launched India’s first high throughput satellite (HTS) broadband internet service in India, offering satellite internet to remote locations across India.