Prime Present Affairs 26 August 2022

We’re right here so that you can present the vital Current and Newest  Present Affairs 26 August  2022, which have distinctive updates of Newest Present Affairs 2022 occasions from all newspapers resembling The Hindu, The Financial Instances, PIB, Instances of India, PTI, Indian Categorical, Enterprise Normal and all Authorities official web sites.

Our Present Affairs August 2022 occasions will make it easier to to get extra marks in Banking, Insurance coverage, SSC, Railways, UPSC, CLAT and all State Authorities Exams. Additionally, strive our Newest Present Affairs Quiz and Month-to-month Present Affairs 2022 PDF which might be a pedestrian to crack your exams.

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NATIONAL AFFAIRS

NHLML, RVNL, & RVNL indicators Pact for Swift Growth of recent MMLP beneath Bharatmala Pariyojna 

i.On August 24, 2022, a tripartite settlement was signed between the Nationwide Highways Logistics Administration Restricted (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Restricted (RVNL) which envisages swift improvement of recent Multi Modal Logistics Parks (MMLP) beneath Bharatmala Pariyojna throughout India.
ii.Its goal is to centralize freight consolidation and scale back logistics value from 14% to lower than 10% of GDP (Gross Home Product) at par with Worldwide Requirements.
iii.It was signed by Prakash Gaur, Chief Govt Officer (CEO), NHLML; Ravi Kant, Chief Engineer & Undertaking Supervisor for IWAI, and Vikas Awasthi, Govt Director (Planning), RVNL.
About Ministry of Highway Transport and Highways (MoRTH):
Union Minister– Nitin Jairam Gadkari (Constituency- Nagpur, Maharashtra)
Minister of State (MoS)– Normal (Retd) Vijay Kumar Singh (Constituency- Ghaziabad, Uttar Pradesh)
>> Learn Full Information

PM Modi Formally Inaugurates Homi Bhabha Most cancers Hospital in Punjab, & Amrita Hospital in Haryana

Prime Minister (PM) Narendra Modi devoted the Homi Bhabha Most cancers Hospital & Analysis Centre to the nation at Mohali, Punjab, with the aim of providing top-notch most cancers care to inhabitants of Punjab and neighbouring States/Union Territories (UTs).

• The occasion was attended by Banwarilal Purohit, Governor of Punjab; Bhagwant Mann, Chief Minister (CM) of Punjab & Union Minister Dr. Jitendra Singh.

Core Options of the Most cancers Hospital
i.The Most cancers Hospital is a 300-bed tertiary care hospital established at a price of about Rs. 684 crore by Tata Memorial Centre, a grant-in-aid establishment beneath the Division of Atomic Power (DAE), Authorities of India (GoI).
ii.It has superior services to deal with every kind of cancers utilizing each doable therapy possibility resembling Surgical procedure, Radiotherapy, And Medical Oncology together with Chemotherapy, Immunotherapy and Bone Marrow Transplant.
iii. With a 100-bed hospital in Sangrur, Punjab, the hospital will function a “hub” of most cancers care and therapy within the area.
Amrita Hospital in Faridabad, Haryana
PM Narendra Modi inaugurated the Amrita Hospital in Faridabad, Haryana, offering a major increase to trendy healthcare infrastructure within the Nationwide Capital Area (NCR).

• The occasion was attended by Bandaru Dattatreya, Governor of Haryana; Manohar Lal Khattar, CM of Haryana & Dushyant Chautala, Deputy CM of Haryana.

Core Options of Amrita Hospital
i.Amrita Hospital is a 2600-bed super-speciality non-public hospital constructed at a price of Rs. 6000 crore and administered by Mata Amritanandamayi Math.
ii.It can function eight Centres of Excellence (CoEs), together with gastro-sciences, renal sciences, bone ailments & trauma, transplants, and mom & little one care, in addition to a medical faculty. It can additionally supply cutting-edge know-how, together with a fully-automatic central laboratory.
iii. The hospital is anticipated to be utterly operational over the course of 5 years in levels. When accomplished, the 81-specialty hospital can be the biggest non-public hospital in Delhi-NCR and India.

Ministry of Chemical substances & Fertilizers Implements ‘One Nation One Fertilizer’ Plan Underneath ‘Bharat’ Model  

The Ministry of Chemical substances and Fertilizers has determined to implement the “One Nation One Fertilizer” initiative by introducing a “Single Model for Fertilizers and Emblem” beneath the “Pradhan mantri Bhartiya Janurvarak Pariyojna” (PMBJP) fertilizer subsidy scheme.

• It has issued an order mandating all companies to promote their merchandise beneath the one model identify “Bharat” with the intention to obtain uniformity in fertilizer manufacturers all through India.

Underneath the PMBJP scheme, the Central Authorities gives fertilizer subsidies on an annual foundation.
Key Mandates of the Order
i.In accordance with the order, all fertilizer luggage, no matter whether or not they include Urea, Di-Ammonium Phosphate (DAP), Muriate of Potash (MOP), or NPK (Nitrogen, Phosphorus & Potassium (Okay-Kalium)), would bear the model identify “Bharat Urea”, “Bharat DAP”, “Bharat MOP” and “Bharat NPK”, respectively, for all Fertilizer Firms, State Buying and selling Entities (STEs) and Fertilizer Advertising Entities (FMEs).
ii.The brand new “One Nation One Fertilizer” scheme solely permits firms to show their identify, model, emblem, and different related product info on one-third of their luggage.

• The order additionally directed that the Bharat Model and the brand of the PMBJP shall be featured on two-thirds of the fertilizer luggage.

iii. Fertilizer firms are urged to not procure previous designed luggage w.e.f. September 15, 2022.
iv.The brand new luggage beneath One Nation One Fertilizer initiative might be made obtainable w.e.f. October 2, 2022.
v.To exhaust the market of outdated designed luggage, a wait time of 4 months i.e., upto December 12, 2022, has been assigned.
vi.The Fertilizer Firms are suggested to adjust to the opposite phrases and circumstances of the Meteorology Act and the Packaged Commodities Act.

INTERNATIONAL AFFAIRS

Go to of Minister of State for Exterior Affairs & Tradition Meenakashi Lekhi to Norway, Iceland and Malta – August 16-23, 2022

Meenakashi Lekhi, Union Minister of State (MoS), Ministry of Exterior Affairs (MEA), and Ministry of Tradition, visited Norway, Iceland, and Malta on an official go to from August 16 – 23, 2022.
MoS Meenakashi Lekhi visited Norway from August 16–18, 2022, and met with Ms. Anniken Huitfeldt, Minister of Overseas Affairs of Norway, Mr. Tore Hattrem, Secretary Normal, and Mr. Erling Rimestad, State Secretary, Ministry of Overseas Affairs of Norway.
i.A Memorandum of Understanding (MoU) concerning the predictive eye screening for diabetes was signed within the presence of MoS Meenakashi Lekhi by RetinaRisk, a neighborhood well being know-how agency in Iceland, and Sankara Nethralaya, a charitable not-for-profit eye hospital in India.
ii.As well as, MoS had a dialogue with the Director and Board Members of the Mediterranean Academy of Diplomatic Research (MEDAC), College of Malta, which has an MOU with the Sushma Swaraj Institute of Overseas Service (SSIFS), MEA, India, to enhance cooperation between the diplomatic institutes of the 2 nations.
About Norway:
Prime Minister – Jonas Gahr Støre
Capital – Oslo
Forex – Norwegian krone (NOK)
>> Learn Full Information

GWEC and MEC+ Report: India can Add Further 23.7 GW of Clear Power by 2026

On twenty fourth August 2022,  the International Wind Power Council (GWEC) and MEC Intelligence (MEC+) launched the 3rd version report titled ‘Renewing wind development to energy the power transition: India Wind Power Market Outlook 2026’ which means that India can add one other 23.7 Gigawatts(GW) inside subsequent 5 years(2026) supplied needed enabling insurance policies, facilitative devices, and the appropriate institutional interventions are put in place
The report highlights that Wind power’s crucial relation with India’s inexperienced power transition.
In regards to the report:
i.As of March 2022, wind energy constituted nearly all of the renewable power combine in India which accounted for 37.7% of the overall put in capability in India.
ii.The estimated capability is decrease than the put in capability which accounts to over 600 GW of on-shore capability at 120m hub peak together with 174 GW of fastened backside and floating off-shore wind potential.
iii.This reveals a major quantity of untapped wind power potential which can assist in advancing India’s clear power transition.
iv.The outlook additionally finds that the market in India was affected by the COVID-19 pademic coupled with world provide chain challenges.

• Since 2021, round 2.65 GW of the SECI awarded wind or photo voltaic hybrid tenders and three.5 GW of standalone wind tasks had been awarded.

BANKING & FINANCE

RBI imposes restrictions on Thodupuzha City Co-operative Financial institution for 6 months

i.The Reserve Financial institution of India (RBI) in train of powers conferred beneath sub part (1) of Part 35A of the Banking Regulation (BR) Act, 1949, learn with Part 56 of BR Act, 1949 imposes restrictions on Thodupuzha City Co-operative Financial institution, Kerala for six months beginning August 23, 2022, and are topic to evaluation.
ii.Alternatively, RBI has lifted the restrictions imposed on American Categorical Banking Corp. (AEBC) after the latter has demonstrated passable compliance with regard to Storage of Cost System Knowledge.
About Financial institutioning Corp (AEBC) India:
Interim CEO and COO– Sanjay Khanna
Headquarter– Gurugram, Haryana
>> Learn Full Information

PGA Labs report: SBI Topped in Market Share of Debit playing cards; HDFC Topped in Bank cardsIn accordance with the information collated by PGA Labs, State Financial institution of India (SBI) remained the highest participant with 30 % market share of debit playing cards as of June 2022, regardless of 6 % decline in year-on-year (Y-o-Y) development and HDFC Financial institution has topped the bank card chart with 22 % market share.
From the report:
i.Debit card – The Financial institution of Baroda (BoB) has ranked 2nd with 8 % market share adopted by Financial institution of India, Canara Financial institution, Union Financial institution and Punjab Nationwide Financial institution (PNB) with 5 % market share.
ii.Credit score card – The HDFC was adopted by SBI (18%), ICICI Financial institution (17%), Axis Financial institution (12%), RBL Financial institution (5%) and Kotak Mahindra Financial institution (5%).

About State Financial institution of India (SBI)
Established in – 1955
Chairman – Dinesh Kumar Khara
Headquarters – Mumbai,Maharashtra
>> Learn Full Information

Tata Neu & HDFC Financial institution Companions to Launch Two Co-branded Credit score Card Variants

On twenty fourth August 2022, Tata Neu, India’s first tremendous app from Tata Group and HDFC Financial institution  partnered to launch co-branded bank cards in two variants that features Tata Neu Plus HDFC Financial institution Credit score Card and Tata Neu Infinity HDFC Financial institution Credit score Card.
Key Highlights:
i.Tata Neu clients can apply for the bank cards on the Tata Neu app and every of its two variants  might be obtainable on each RuPay and Visa networks.

• Prospects can select from a variety of classes that features grocery, journey, electronics, trend, well being, and wellness.

Advantages:
i.The shoppers will earn rewards on all spending, each on-line and in-store within the type of NeuCoins (1 NeuCoin equals 1 Rupee).
ii.Prospects may even earn 2 % NeuCoins with Tata Neu Plus HDFC Financial institution Credit score Card and 5 % NeuCoins with Tata Neu Infinity HDFC Financial institution Credit score Card on all purchases on Tata manufacturers (each on-line and in-store purchases).

• For purchases past Tata manufacturers (each home and worldwide), clients will earn 1 % and 1.5 % NeuCoins on every card variant respectively.
• The present rewards may also be boosted for Tata Neu clients on each buy made by means of Tata Neu app.

iii.As well as, a good thing about 5 % NeuCoins might be supplied, by which clients can now earn a complete of 7 % or 10 % of the worth of their spends on the Tata Neu app relying on the cardboard variant.

BoB Monetary & the Indian Military Launches Yoddha, Co-branded RuPay Contactless Credit score Card for Military Personnel

On twenty fourth August 2022,BOB Monetary Options Restricted (BFSL), a completely owned subsidiary of Financial institution of Baroda (BoB) and the Indian Military have  launched Yoddha, a co-branded RuPay bank card for the Indian Military personnel, in partnership with Nationwide Funds Company of India (NPCI).

• It is going to be geared up with contactless options and might be provided on the RuPay Platform.

Key Factors:
i.Yoddha consists of engaging welcome, activation and spend-based presents together with complimentary home airport lounge entry and golf video games/classes.

• The cardboard may even supply best-in-class options and advantages together with democratic alternative, for the Indian Military personnel.

ii.Different options – It additionally covers Private Accident insurance coverage, 1 % Gas Surcharge Waiver, LTF Add-Ons, Equated Month-to-month Instalments (EMI) affords and periodic service provider affords by means of tie-ups executed by each BOB Monetary and NPCI.

• This co-branded bank card might be provided Life Time Free (LTF) to all Indian Military personnel together with reward factors.

About BOB Monetary Options Restricted (BFSL):
BOB Monetary Options Restricted a Non-Banking Monetary Firm (NBFC), wholly owned by the Financial institution of Baroda (BoB).
MD & CEO – Shailendra Singh
Institution – 1994
Headquarters – Mumbai, Maharashtra

PoPs to get 0.20% of the NPS D-Remit Contribution w.e.f. Sept 1, 2022: PFRDA 

On August 22, 2022, the Pension Fund Regulatory and Growth Authority (PFRDA) introduced {that a} path fee of 0.20% of the NPS (Nationwide Pension System) D-Remit (Direct Remittance) contribution quantity might be paid to Factors of Presence (POPs) from September 1, 2022.

• The path fee on D-Remit contributions made by NPS subscribers who had been on-boarded by the respective PoPs might be much like eNPS.
• The PoPs will get a minimal Rs 15 and most Rs 10,000, beneath this.

Motive behind this determination:
i.To help POPs for his or her important efforts and assets deployed by them for sourcing NPS Accounts and make them maintain their NPS outreach efforts
ii.To compensate PoPs gamers who had been dropping charges.
What are PoPs?
PoPs are banks, non-banking monetary firms (NBFCs) and different gamers which register and repair subscribers beneath NPS. They’re the primary level of interplay between the subscriber and NPS.
What’s D-Remit (Direct Remittance)?
PFRDA had launched the D-Remit facility for the subscribers whereby they might deposit their voluntary contributions with higher ease by making a static Digital ID linked to their Everlasting Retirement Account Quantity (PRAN) and remit the quantity from their Financial institution Account

• It optimises funding return for subscribers by providing same-day internet asset worth (NAV) if the trustee financial institution receives the contributions earlier than 9.30 am.
• A D-Remit contribution should be not less than Rs. 500 in worth.

Click on Right here for Official Notification 

APPOINTMENTS & RESIGNATIONS          

SBICAP Securities  appointed Deepak Kumar Lalla as the brand new MD & CEO

SBI Securities, a wholly-owned subsidiary of SBI Capital Securities Restricted (SBICAP), has appointed Deepak Kumar Lalla as the brand new Managing Director (MD) & Chief Govt Officer (CEO). He succeeded Naresh Yadav.

• Previous to this appointment, he served because the  Head of the Wealth Administration Enterprise for the State Financial institution of India (SBI).
• SBI Securities, part of the State Financial institution group, is engaged in DEMAT/Broking/Funding Merchandise distribution and Retail Property Acquisition for SBI.

About Deepak Kumar Lalla:
i.Deepak Kumar Lalla joined SBI in 1985 and has  37 years of expertise within the area of banking and finance administration.
ii.He holds a Grasp’s diploma in Commerce and a Diploma in Banking & Finance from Rajasthan College.

IDFC appoints Mahendra Shah as MD & CEO from October 1

On August 24, the Board of Infrastructure Growth Finance Firm (IDFC) Restricted appointed Mahendra N Shah, the Firm secretary & Compliance Officer of IDFC FIRST Financial institution Restricted, because the Managing Director (MD) and Chief Govt Officer (CEO) ranging from October 1, 2022, until September 30, 2023.

• Mahendra N Shah will substitute Sunil Kakar whose tenure ends on September 30, 2022.

About Mahendra Shah:
i.Shah labored as Director Finance and Firm Secretary with Worldwide Paper Restricted for 6 years. He was incharge of the finance operate and regulatory compliances.
ii.He joined IDFC in 2001 and was designated because the Firm Secretary & Compliance Officer of IDFC Restricted from Could 24, 2019.

Notice: RBI Made IDFC develop into the primary Non-Banking Finance Firm (NBFC) to be categorised as Infrastructure Finance Firm (IFC)

ACQUISITIONS & MERGERS    

Bharti Telecom to purchase 3.33% Airtel Stake from Singtel for Rs 12,895 crore;TVS Motor acquires 48.27% stake in DriveX

Bharti Telecom Restricted (BTL) the promoter of Bharti Airtel and three way partnership between Bharti Enterprises will purchase a 3.33% stake in Bharti Airtel from Singapore-based telecommunications firm (Singtel) for Singapore {dollars} 2.25 billion (Rs 12,895 crore) in 90 days.
After the stake buy, the direct shareholding of Singtel will stand at 10% and Bharti Airtel at 6%.
Key Factors:
i.BTL uncovered the settlement of Singtel to switch 3.33% shares to the corporate for a lump quantity of Rs 12,895 crore.
ii.Sunil Mittal, the Chairman of Bharti Enterprises confirmed that this transaction will stay beneath the principal automobile of Bharti Telecom to carry controlling shares in Airtel. The corporate and Singtel have a mutual settlement on working in direction of equalising their efficient stake in Airtel.
iii. Bharti Telecom at current holds 35.85% stake in nation’s second largest telecom service supplier Bharti Airtel.
TVS Motor acquires 48.27%  stake in Narain Karthikeyan’s Two-Wheeler Begin-up DriveX
On twenty fourth August, TVS Motor Firm introduced it can purchase 48.27 % stake in NKares Mobility Millennial Options Personal Restricted (NMMSPL) for Narain Karthikeyan’s pre-owned two-wheeler start-up ‘DriveX’ for a consideration of Rs.85 crore.
i.NMMSPL operates beneath the model ‘DriveX’ which was based by  Components 1 driver Narain Karthikeyan.
Notice: TVS stands for Thirukkurungudi Vengaram Sundram, the founding father of the TVS group.
Key Factors:
i.TVS’s funding in DriveX is geared toward enabling revolutionary options to steer this transformation.
ii.Narain karthikeyan, founder and Chief Govt Officer (CEO) of DriveX shared the analytics-led capabilities throughout the worth chains of DriveX by serving all manufacturers and the pre-owned two-wheeler platform is a digital-first enterprise.
iii. Within the Monetary 12 months 2021-2022, DriveX reported a turnover of round Rs 9 crore and the acquisition might be accomplished by November 30, 2022
About Bharti Airtel:
MD & CEO : Gopal Mittal
Established: seventh July, 1995
Guardian Organisation: Bharti Enterprises
Headquarters: New Delhi, Delhi.
About TVS Motor Firm:
Founder: Thirukkurungudi Vengaram Sundram
Established in: 1992 (Incorporation Yr); Based: 1978
Headquarters: Chennai, Tamilnadu.    

SCIENCE & TECHNOLOGY

Union Govt Launches Rashtriya Puruskar Portal; Nominations Open for Varied Awards

The Union Authorities has launched Rashtriya Puruskar Portal (https://awards.gov.in) to deliver collectively all of the awards of the varied Ministries, Departments and companies of the federal government beneath one platform.

• This has been launched to make sure transparency and public partnership.
• It additionally facilitates each citizen or organisation to appoint people/organisations for varied Awards instituted by the Authorities of India (GoI).

Highlights:

The nominations or suggestions for the Padma Awards are open until fifteenth September 2022 whereas nominations or suggestions for Jeevan Raksha Padak might be open until thirtieth September 2022.

• People and organisations can go to Rashtriya Puruskar Portal for making their nominations or suggestions for varied awards constituted by the federal government.

Awards and final date for nominations:

SPORTS

India Wins Kajaria Cup India Tour of Zimbabwe ODI Collection 2022; Defeats Zimbabwe by 13 run win collection 3-0

Indian Cricket Group has gained the Kajaria Cup India Tour of Zimbabwe One Day Worldwide (ODI) Collection 2022 (3-0)  defeating Zimbabwe within the third and last One Day Worldwide (ODI) at Harare Sports activities Membership, Harare, Zimbabwe. The ODI collection fashioned a part of the inaugural 2020–2023 ICC Cricket World Cup Tremendous League.

• India registered a 13-run victory and clinched the ODI collection by 3-0.
• Rohit Sharma, KL Rahul and Shubman Gill have all scored their maiden ODI centuries in opposition to Zimbabwe.

Shubman Gill brokes Sachin Tendulkar’s 24-year-old huge ODI file within the innings
India’s opener Shubman Gill (22 years) broke legendary Sachin Tendulkar’s 24-year previous file by scoring his maiden worldwide century in opposition to Zimbabwe within the third ODI.

• In 1998 Sachin Tendulkar had scored 127 runs  at Queens Sports activities Membership Floor in Bulawayo, Zimbabwe. Shubham Gill had surpassed that rating with 130 off 97 balls, hitting 15 fours and a six in an innings.
• Shubham Gill shared a 140-run third-wicket partnership with Kishan, who reached his half-century earlier than being run out by Tony Munyonga.

About Shubham Gill:

• He’s an Indian worldwide cricketer who performs for Punjab in home cricket as a right-handed opening batsman.
• He was the vice-captain of the India U-19 crew for 2018 Underneath-19 Cricket World Cup.
• Shubman Gill, from Punjab, additionally grew to become the 2nd youngest Indian with an ODI hundred in opposition to Zimbabwe on the age of 22y 348 days after Mohammed Kaif (21y 287d).
• He was additionally adjudged because the “Participant of the Collection” for scoring 245 runs in 3 ODIs.

OBITUARY

Vijaya Financial institution Ex-chairman Sadananda Shetty passes away

Sadananda Shetty, former Vijaya Financial institution chairman and founder and serving Chairman of Soham Group of Firms, handed away on the age of 85 years in Good metropolis, France. He was the present President of Renewable Power Builders Affiliation of Karnataka.

• He served because the Chairman of Vijaya Financial institution, which has now merged with Financial institution of Baroda(BoB), from 1983 to 1990.
• He additionally served because the vice-chairman of Indian Banks Affiliation and served on the boards of Air India and Industrial Reconstruction Financial institution of India.

BOOKS & AUTHORS

Former VP  M Venkaiah Naidu launches a e book ‘’A New India: Chosen Writings 2014-19’’

Former Vice President of India, M Venkaiah Naidu launched  Arun Jaitley’s e book(pubished posthumously) titled “A New India: Chosen Writings 2014-19”, a set of articles penned by former Union Minister and BJP chief Arun Jaitley who handed away on 24 August 2019.

• The e book, printed by Juggernaut Publication, was launched to pay tribute to Arun Jaitley on his third demise anniversary on August 24, 2022.
• Arun Jaitley, a senior advocate of the Supreme Court docket, served because the Minister of Finance and Company Affairs from 2014 to 2019.

Defined e book about why the paths to improvement range from Nation to Nation

Economist and Authorities Adviser Professor Stefan Dercon’s insightful e book “Playing on Growth: Why Some International locations Win and Others Lose” printed by C Hurst & Co Publishers Ltd (fifth Could 2022) brings out the question why some international locations have prospered and others have didn’t develop. 
He additionally talked about that previously 3 many years the growing world has undergone great change by learning the event of all international locations.

• Stephan put forth that on the entire, poverty has Fallen, Individuals reside longer and more healthy lives, and economies have been reworked however nonetheless many international locations haven’t taken the appropriate path for its improvement.
• He gave 3 circumstances to make sure a improvement cut price:

i.Lengthy intervals of peace and stability are important for improvement.
ii.Ought to discover the balanced necessities of what the state ought to do and what it might probably do (a mature, smart state).
iii. The flexibility to study from errors and course-correct.