Daily Current Affairs August 06 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

Hiroshima Day- August 6

• Hiroshima Day is observed every year on August 6 to promote peace politics and raise awareness of the effects of the bomb attack on Hiroshima.
• Hiroshima city was attacked by an atomic weapon that killed thousands of lives instantly on August 6, 1945.
• Today is the 77th anniversary of the atomic bombing of the Japanese city.
• It was the first city to be attacked by a nuclear bomb.

History:

• In 1945, the United Nations deployed a nuclear bomb on the city of Hiroshima.
• This wiped out 39 percent of the civilians in the city.
• The US created two atomic bombs named ‘The Little Boy dropped in the city of Hiroshima and ‘The Fat Man in the city of Nagasaki on August 6 and 9 respectively.

CURRENT AFFAIRS: NATIONAL NEWS

India adds 10 new wetlands to the list: Ramsar sites

• India now has 64 Ramsar sites altogether after adding 10 wetlands to the list.
• The 10 additional sites consist of one (1) site each in Goa, Karnataka, Madhya Pradesh, and Odisha, as well as six (6) locations in Tamil Nadu.
• The designation of these areas would aid in the management and protection of wetlands and the efficient utilization of their resources.
• The Ramsar Convention was established in 1971 at Ramsar, Iran, and India is one of its Contracting Parties.
• On February 1st, 1982, India signed it.
• 64 wetlands totaling 12,50,361 acres have been identified in India as Ramsar Sites of International Importance as of the present date.

10 wetlands:

S.No	Name of wetland	Area	State
1	Koonthankulam Bird Sanctuary	72.04	Tamil Nadu
2	Satkosia Gorge	98196.72	Odisha
3	Nanda Lake	42.01	Goa
4	Gulf of Mannar Marine Biosphere Reserve	52671.88	Tamil Nadu
5	Ranganathituu BS	517.70	Karnataka
6	Vembannur Wetland Complex	19.75	Tamil Nadu
7	Vellore Bird Sanctuary	77.19	Tamil Nadu
8	Sirpur wetland	161	Madhya Pradesh
9	Vedanthangal Bird Sanctuary	40.35	Tamil Nadu
10	Udhayamarthandapuram Bird Sanctuary	43.77	Tamil Nadu

Wild Life (Protection) Amendment Bill, 2021 approved by Lok Sabha:

• The Lok Sabha passes the Wild Life (Protection) Amendment Bill, 2021.
• Some species are currently protected under the Wild Life (Protection) Act of 1972, but the proposed law would also put CITES, the Convention on International Trade in Endangered Species of Wild Fauna and Flora, into effect.
• However, the Bill still has to be approved by the Rajya Sabha.
• Development and the environment are accorded equal weight by the government.
• The number of protected areas in the nation has risen from 693 to 987 over the past eight years, including 52 tiger reserves.
• According to Shri Bhupender Yadav, the Union Environment Minister, the government operates under the Vasudhaiva Kutumbakam principle and strives to improve both humankind and all other animal species.
• The Act now includes six schedules for specifically protected animals (four), plants (one), and vermin species (one).
• Small creatures that spread disease and contaminate food are referred to as vermin.
• In the proposed Bill, there are just four schedules overall because limiting the number of schedules for animals with special protections to two (one for greater protection level)
• deletes the vermin species schedule, and adds a new schedule for specimens classified in the CITES Appendices (scheduled specimens).

CURRENT AFFAIRS: INTERNATIONAL NEWS

India among leaders in annual renewable energy investment: UN report

• According to a United Nations (UN) report, 84 percent of nearly $1 trillion of global investment in energy transition technologies in 2021 was deployed in China, India, Japan, the US, and Europe.
• The findings were presented in the third brief of the Global Crisis Response Group (GCRG) on Food, Energy, and Finance, which was released by UN Secretary-General António Guterres and United Nations Conference on Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan.

About the report :

• The report mentions that $4 trillion-$6 trillion in annual investments will be required until 2030 to ensure equitable renewable energy transition.
• Since 2017, annual global energy-related investments have been $2 trillion-$2.5 trillion. 
• Moreover, these investments are concentrated in China, India, Japan, the US, and Europe.
• The report stresses the need to double down on renewable energy sources to achieve the net-zero goal, tackle energy poverty, and boost and diversify the global energy mix.
• The report also mentions that the World Food Programme estimates that 345 million people will be acutely food insecure in 2022 across 82 countries due to the lingering effects of Covid-19 and the continuing Russian-Ukraine crisis & this will mean an increase of 47 million acutely hungry people.
• It highlights the challenges & calls for a stable policy environment, providing long-term revenue certainty and a transparent grant of permits.

About United Nations :

• Headquarters: New York City
• Membership: 193 member states
• The UN has six principal organs: the General Assembly, the Security Council, the Economic and Social Council (ECOSOC), the Trusteeship Council, the International Court of Justice, and the UN Secretariat.

CURRENT AFFAIRS: STATE NEWS

World’s largest floating solar power plant to be built in Madhya Pradesh

• The World’s largest floating Solar Power Plant will be constructed in Omkareshwar Dam in the Narmada river in Khandwa district, Madhya Pradesh.

Aim :

• To boost power generation capacity in the MP & address electricity problems in the central region.

Note :

• With the new floating solar plant, Khandwa will become the only district in the MP to have all three things including solar, hydel, and thermal with over 4,000MW power to be produced from a single district

About the Solar Power Plant :

• The project is estimated to be worth over ₹3000 crores.
• It will generate 600 Megawatt power by 2022-23.

India’s largest floating solar project :

• Earlier in July 2022, India’s largest floating solar power project was made fully operational after NTPC declared commercial operation of the final part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project at Ramagundam in
• With the operationalization of the 100-MW Solar PV Project at Ramagundam, the total commercial operation of floating solar capacity in the Southern Region rose to 217 MW. 

About MP :

• Governor: Mangubhai C. Patel
• Chief Minister: Shivraj Singh Chouhan
• Capital: Bhopal

CURRENT AFFAIRS: BANKING & FINANCE

Federal Bank becomes the 1st Bank to list Payment Gateway on the new Tax platform

• Federal Bank has become India’s first bank to list its Payment Gateway platform on the TIN 2.0 platform of the Income Tax Department.

About Tax Information Network (TIN):

• With this, TIN 2.0 platform taxpayers will get one more payment option and now make their payments with ease, using modes such as Credit/Debit Card, UPI, NEFT/RTGS, and Internet Banking.
• Tax Information Network (TIN) is an initiative by the Income Tax Department of India (ITD) for the collection, processing, monitoring, and accounting of direct taxes using information technology.
• Also, TIN is a repository of nationwide tax-related information and has been established by Protean eGov Technologies Limited on behalf of the IT Dept.
• The federal bank also received the government’s approval for the collection of Direct Tax last financial year and has been made effective since 1 July 2022.

Recent News :

• In July 2022 the Federal Bank partnered with the Central Board of direct taxes to assist taxpayers in making their payments via the e-pay tax facility in the e-filing portal of the income tax.

About Federal Bank :

• Headquarters: Aluva, Kochi, Kerala, India
• MD & CEO: Shyam Srinivasan

Karnataka Bank partners with Yubi for Co-lending with NBFCs                

• Karnataka Bank has entered into an arrangement with Yubi (formerly known as CredAvenue Pvt Ltd) for co-lending via the Yubi Co.Lend, India’s co-lending platform.

Aim :

• To provide credit to the underserved sectors and accelerate financial inclusion in India.
• This collaboration will allow Karnataka bank to digitally onboard various Non-Banking Financial Companies (NBFCs), lend significant amounts of money, and onboard a larger customer base as a result of their better consumer outreach.
• The digital Co-lending platform would enable Karnataka Bank and our NBFC partners to effortlessly integrate and lend to borrowers with a faster turnaround time.

About Karnataka Bank :

• Founded: 18 February 1924
• Headquarters: Mangaluru, Karnataka, India
• MD & CEO: Mahabaleshwara M. S

About Yubi (formerly known as CredAvenue Pvt Ltd) :

• Founded: 2020
• Headquarters: Chennai, Tamil Nadu, India
• Founder and CEO: Gaurav Kumar

SEBI restructures the market data advisory committee to have 20 members                     

• The Securities and Exchange Board of India (SEBI) has restructured its advisory committee on market data that recommends policy measures for securities market data access and privacy.
• Currently, the market data advisory committee will have 20 members.
• Earlier, the committee had 21 members.

Key Highlights :

• The committee is chaired by S Sahoo, Professor at National Law University, Delhi, and former chairperson of the Insolvency and Bankruptcy Board of India (IBBI).
• Under the new changes, NSE’s former MD and CEO Vikram Limaye has been replaced by newly appointed chief Ashishkumar Chauhan in the committee.
• Further, other members of the panel are Dr. C.K.G. Nair, P.S. Reddy, Arun Raste, Padmaja Chunduru, Nehal Vora, Anuj Kumar, Sreekanth Nadella, Dr. Subrata Sarkar, Dhirendra Kumar, Mahesh Vyas, Ranjit Pawar, Raman Uberoi, Nithin Kamath, Kiran Shetty, Suhas Tuljapurkar, Amarjeet Singh, Prabhas Kumar Rath.
• The scope of the work of the committee includes identifying segment-wise data perimeters, data needs, and gaps, and recommending data privacy and data access regulations applicable to market data. 
• It is responsible for recommending appropriate policy for access to securities market data.
• Also, the committee recommends standardization of data definitions; data identification logic (usage of uniform codes for identifying and storing data – raw data and derived data), and data validation techniques (single source of truth, validation).

IRDAI eases norms of bank bonds, InvITs/REITs

• The Insurance Regulatory and Development Authority of India (IRDAI) has allowed insurers to buy more perpetual bonds issued by banks and allowed them to participate in high-yield public listings.
• The aggregate value of the AT1 (level one additional) bonds held in a particular bank, at any time, will not exceed 10% of the total outstanding AT1 Bonds of that particular bank.
• AT1 bonds have no fixed maturities and are raised to shore up the capital base.
• These quasi-equity securities generate much higher returns than traditional bonds, as the risk is also higher.
• The public holding in InvITs/REITs should not be less than 30 percent of the total outstanding units of InvITs/REITs at the time of investment
• It states that no insurer shall invest more than 20 percent of the outstanding debt instruments in any one invitation/REIT.

About IRDAI :

• Established: 1999
• Headquarters: Hyderabad, Telangana
• Chairperson: Debasish Panda
• IRDAI is a regulatory body under the jurisdiction of the Ministry of Finance, GoI, and is tasked with regulating and licensing the insurance and reinsurance industries in India.

Karnataka Bank partners with Schwing Stetter India Pvt Ltd for financing construction equipment

• Karnataka Bank has signed a Memorandum of Understanding (MOU) with SCHWING Stetter India Pvt Ltd one of India’s major construction equipment manufacturers for financing construction equipment.
• The collaboration is expected to broaden the bank’s Micro, Small, and Medium Sized Enterprises (MSME) financing prospects.
• Under this collaboration, both partners will be able to provide consumers with customized financial solutions.
• With this development, the bank will be designated as a financial partner and will be able to meet the needs of its customers by providing competitively priced loans to purchase a vast range of construction equipment.

 About SCHWING Stetter India Pvt Ltd :

• Managing Director: V G Sakthi Kumar
• SCHWING Stetter India, a 100% subsidiary of the Schwing Group of companies GmbH was incorporated in the year 1998.

Insurance Dekho partners with Future Generali to offer pet insurance

• Insurance start-up InsuranceDekho has partnered with Future Generali India Insurance Company to offer dog health covers.
• The pet insurance policy as of now has a starting premium of about ₹324 annually.
• It offers comprehensive coverage for over 25 breeds of dogs, aged 6 months to 10 years.
• With this pet insurance plan, financial assistance is offered for expenses incurred by pet parents towards hospitalization (including pre and post-hospitalization), treatment of terminal illness, and surgery, subject to certain terms and conditions.
• It is estimated that pet insurance (including cattle) in India will witness an increase of at least 14 percent to achieve $490 million at the end of the year 2022.
• Globally, the pet insurance market is anticipated to reach USD 32.7 billion by 2030.

 About InsuranceDekho :

• Founded: 2016
• Headquarters: Gurugram, Haryana
• Co-Founder & CEO: Ankit Agrawal

Yubi Partners with U GRO Capital for co-lending and supply chain financing

• Yubi has agreed with U GRO Capital, a new generation Lending-as-a-Service (LaaS) business that leverages technology to deliver last-mile credit to MSMEs with the financing of more than INR 2000 crore by March 2023 in India.

Aim :

• To solve the financial challenges faced by MSMEs by building deep expertise in the sector coupled with a data-centric, technology-enabled approach.
• The partnership will see the integration of Yubi Co.Lend and Yubi Flow with GRO–Xstream and GRO–Line platforms, respectively.
• Through this partnership, U GRO Capital will be able to leverage Yubi’s full stack operating system to seamlessly discover, go live and collaborate with multiple partners on Yubi’s platform.
• Through this alliance, U GRO Capital will gain access to Yubi Co.Lend’s vast network of Banks, Financial Institutions, and Fintechs via a single API (Application Programming Interface) integration to extend and accelerate credit to the underserved sectors.

About U GRO Capital :

• Founded: 1993
• Headquarters: Mumbai, Maharashtra
• Vice Chairman and Managing Director: Shachindra Nath

IndusInd Bank partners with Rupyy to offer loans for used cars

• IndusInd Bank has announced a strategic partnership with Rupyy, a new-age digital lending platform offering 100% paperless loan processing for used cars.
• Rupyy is the fintech arm of the Jaipur-based Girnarsoft Pvt. Ltd., which houses brands including CarDekho, BikeDekho, Zigwheels, and Powerdrift, among others.
• This partnership will enable users of ‘Rupyy’ to avail themselves of simplified documentation and instant processing of vehicle loans from IndusInd Bank.
• Customers of the bank can now opt for flexible repayment options while transacting on ‘Rupyy’.

 About IndusInd Bank :

• Founded: April 1994
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO : Sumant Kathpalia

CURRENT AFFAIRS: MOUS AND AGREEMENT

Agreement for Research Collaboration Between NPCI and IIT Kanpur:

• The National Payments Corporation of India (NPCI) and the Indian Institute of Technology (IIT), Kanpur, have signed a Memorandum of Understanding (MoU) that paves the way for the sharing of innovative ideas and cooperation on the development of domestic digital payment solutions.
• The partnership will also help to improve cybersecurity protections for the products and services offered by NPCI and its affiliates.
• The MoU would encourage collaboration between NPCI and IIT Kanpur on a range of projects.

Key Points:

• In-depth educational workshops and lectures on cybersecurity and the most recent advancements in Artificial Intelligence (AI), Machine Learning (ML), Security Product Roadmaps, and Distributed ledger technologies (DLT) will be given to NPCI staff members with the assistance of this cooperation.
• On the other side, NPCI will offer internship opportunities to IIT Kanpur students, providing them with the crucial experience of working on actual NPCI projects.
• The domain-specific expertise and abilities of IIT Kanpur students will speed up NPCI’s ability to meet evolving needs for customer-focused solutions.

Indian Navy and IISc Bengaluru sign an MOU for collaborative aviation research:

• The Indian Institute of Science (IISc) and the Indian Navy have signed an MoU to collaborate on aviation research and development and to step up the Indian Navy’s self-reliance efforts in line with the goals of Atmanirbhar Bharat.
• According to a statement from the Bengaluru-based college, the signed MoU provides the Indian Navy with a legal framework for contact with the appropriate IISc faculty members and will facilitate joint research projects in areas of mutual interest.

Key Points:

• The aerospace/aeronautical engineering industry will be the focus of the collaboration areas mentioned in this agreement, which also include design and instructional technology.
• The course will concentrate on some specializations, including propulsion and propulsion systems, steel technology, metallurgy, and material sciences, corrosion science, systems and controls, instrumentation and sensors, environmental science and engineering, energy science and engineering, management, industrial engineering, and operational research, nanotechnology and MEMS, artificial intelligence, data analytics, and machine learning.
• The collaboration would also encourage frequent communication between Indian Navy authorities and IISc academic members.

Amazon India and Indian Railways have an agreement that will improve delivery

• To improve its delivery services in the nation, Amazon India has partnered with the Railway of India.
• Amazon India will be able to ship items on more than 110 intercity routes thanks to this cooperation, guaranteeing one- to two-day delivery for its customers.
• In 2019, Amazon and the Indian Railways started collaborating.
• According to the corporation, its transit lanes have risen fivefold.
• Amazon is one of the enablers for the company to offer 1-day and 2-day delivery promises to customers in the hinterlands of the country.
• It is now working with Railway on more than 110 inter-city routes.
• Amazon India ferries customer packages to cities and towns such as Jharsuguda, Ratnagiri, Kurnool, Nanded, Bareilly, Bokaro, and Rudrapur among others.

About Amazon

• Founder: Jeff Bezos
• CEO: Andy Jassy
• HQ: Washington, United States
• Formed: 5 July 1994.

Odisha and FICCI sign an MoU for the next “Make in Odisha” summit in 2022:

• The Federation of Indian Chambers of Commerce and Industry (FICCI) is designated as the national industry partner for the Make in Odisha Conclave 2022 under a Memorandum of Understanding between the state-run Industrial Promotion and Investment Corporation of Odisha and the organization.
• Principal Secretary for Industries for the state of Odisha, Hemant Sharma, emphasized that “Make in Odisha” is the most entrepreneurial event in the state and attracts investors, entrepreneurs, and industrialists alike.
• Pratap Keshari Deb, the Minister for Industries, MSME, and Energy for the Government of Odisha, stated that the Make in Odisha Conclave will be held for the third time this year.
• The inaugural edition in 2016 received approximately Rs 2 Lakh Crore in investment intent, which was a tremendous response.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

IFS Officer Ms. Shweta Singh Appointed as a Director in PMO

• The Appointments Committee of the Cabinet (ACC) approved the appointment of 2008-batch Indian Foreign Service (IFS) officer, Ms. Shweta Singh, as a director in the Prime Minister’s Office (PMO) for three years.
• The ACC has canceled the appointment of Aniket Govind Mandavgane, a 2009-batch IFS officer, as the Deputy Secretary in the PMO.

 About PMO :

• The PMO consists of the immediate staff of the Prime Minister of India, as well as multiple levels of support staff reporting to the Prime Minister.
• The PMO is headed by the Principal Secretary, currently Pramod Kumar Misra. 
• Headquarters: New Delhi, Delhi, India

Fintech platform BharatPe appoints Mr. Nalin Negi as the new CFO

• Fintech platform BharatPe has appointed Nalin Negi as its new chief financial officer (CFO).
• In his new role, he will be working towards making the company EBITDA positive by March 2023 and lead the financial readiness for the company, which is getting ready for an initial public offering (IPO)
• EBITDA, which stands for earnings before interest, taxes, depreciation, and amortization, is a measure of profitability for companies.

 About Mr. Nalin Negi :

• Nalin has more than 25 years of experience working for companies like GE Capital and SBI Card in the banking and financial services sector.
• He has also worked with American Express (India), EXL Service (India), Nestle India, and ITC.
• Earlier he was the CFO of credit cards issuer SBI Card (earlier known as GE Capital SBI Card)

 About Bharatpe :

• Founded: 2018
• Founders: Ashneer Grover, Shashvat Nakrani
• Headquarters: New Delhi, Delhi
• CEO: Suhail Sameer

BharatPe appoints Ms. Smriti Handa as Chief Human Resources Officer

• Payments and lending fintech BharatPe has appointed former Reckitt executive Smriti Handa as its Chief Human Resources Officer.
• In her new role, Smriti will be working closely with the Senior Leadership Team at BharatPe and will focus on strengthening the organizational culture and HR practices in BharatPe.

About Smriti Handa :

• Handa is an alumnus of SRCC, Delhi University, and MDI, Gurgaon.
• In a career spanning over 16 years, she has worked with Reckitt, Philips, and Airtel in global and local roles.
• Handa was HR Head at Reckitt Hygiene-SoA before taking over as the Global Talent Acquisition Director.

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

Uber Sells 7.8 % Stake in Zomato For Rs 3,088 Crore

• American ride-hailing giant Uber offloaded 61.2 crore shares of online food delivery aggregator Zomato Ltd for Rs 3,088 crore through an open market transaction.
• Uber BV sold 61,21,99,100 shares in Zomato, amounting to a 7.8 percent stake.
• The shares were disposed of at an average price of Rs 50.44 apiece, taking the transaction value to Rs 3,087.93 crore.
• Fidelity Investment Trust Fidelity Series Emerging Markets Fund and ICICI Prudential Life Insurance Company Ltd picked up 5,44,38,744 and 4,50,00,000 shares of the company, respectively.

About Uber Technologies :

• Founded: March 2009
• Headquarters: San Francisco, California, United States
• Chairman: Ronald Sugar
• CEO: Dara Khosrowshahi
• Uber Technologies, Inc. (Uber) is American mobility as service provider, that allows users to book a car and a driver to transport them in a way similar to a taxi.
• Uber is the second biggest single shareholder in Zomato after Info Edge.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

NASA Launches Two More Small Helicopters to Mars

• The National Aeronautics and Space Administration (NASA) is launching two more small helicopters to Mars as part of its effort to return Martian rocks and soil samples to Earth.
• Under the plan, NASA’s Perseverance rover will transport soil samples to a rocket.
• The rocket will launch the collected material of the red planet in about 10 years.
• Perseverance already has gathered 11 samples with more rock drilling planned & the most recent sample, a sedimentary rock, holds the greatest chance of containing possible evidence of ancient Martian life.
• The helicopters will be modeled after NASA’s successful Ingenuity.
• It has made 29 flights since arriving with Perseverance on Mars early last year.
• The helicopter weighs just 8 kilograms. 
• The new versions will have wheels and arms.

 About NASA :

• Established: July 29, 1958
• Headquarters: Washington, D.C
• Administrator: Bill Nelson
• Motto: For the Benefit of All

CURRENT AFFAIRS: SPORTS NEWS

Commonwealth Games 2022: 

Saurav Ghosal wins India’s first-ever singles medal in squash:

• Saurav Ghosal of India defeated James Willstrop of England 11-6, 11-1, 11-4 to win the bronze medal in squash men’s singles and seal a spot for India in the 2022 Commonwealth Games.
• Additionally, this was India’s first-ever medal in squash singles in a competition.
• He had lost to Paul Coll of New Zealand 3-0 (11-9 11-4 11-1) in the men’s singles semifinal.

Murali Sreeshankar wins silver in long jump:

• At the Commonwealth Games 2022, Murali Sreeshankar won silver in the men’s long jump to give India its second athletics medal.
• In a tense men’s long jump final, Sreeshankar leaped to 8.08m on his sixth try to place second to Laquan Nairn of the Bahamas.
• Nairn also had the highest leap of 8.08 meters, but his second-best jump of 7.98 meters was higher than Sreeshankar’s 7.84 meters.
• South African Jovan van Vuuren (8.06m) won bronze.
• Under rules, if two jumpers are tied on the same distance, the one who has a better second-best effort will be ranked ahead.

Sudhir won the gold medal in men’s heavyweight para powerlifting:

• At the Commonwealth Games 2022, Sudhir won the gold medal in the men’s heavyweight para powerlifting competition.
• In his first try, Sudhir, an Asian Para Games bronze medalist, lifted 208 kg; however, in his second attempt, he increased the weight to 212 kg to get 134.5 points and break the Games record. Ikechukwu Micky Yule took home the bronze with 130.9 points, while Christian Obichukwu earned the silver with 133.6.
• The 27-year-old Sudhir, who suffers from a polio-related disability, thereby started India’s medal count in the CWG’s para sports competition.

Tania Sachdev Shines in Indian Women Team: 44th Chess Olympiad

• At the 44th Chess Olympiad at Mamallapuram, Chennai, Tania Sachdev defeated Hungary with a score of 2.5-1.5 to win the match for India.
• She destroyed Zsoka Gaal to give the squad a pivotal point and win the match.
• In their separate matches, Koneru Humpy, Dronavalli Harika, and R Vaishali all came to a draw.
• Indian chess player Tania Sachdev is a Woman Grandmaster and International Master, according to the FIDE.
• She has won the Indian Women’s Chess Championship twice (in 2006 and 2007), the Asian Women’s Chess Championship once (in 2007), and the Commonwealth Women’s Chess Championship three times (in 2016, 2018, and currently).

CURRENT AFFAIRS: OBITUARIES 

Former Australian boxing world champion Johnny Famechon passes away

• Former Australian featherweight boxing world champion Johnny Famechon passed away at the age of 77 in Melbourne.

 About Johnny Famechon :

• Famechon was born on 28 March 1945 in Paris, France.
• He was associated with professional boxing for more than 20 years.
• His career record was 56 wins, which includes 20 by knockout, six draws, and five losses.
• He was described as poetry in motion, a master craftsman.
• He was the 2003 Inductee for the Australian National Boxing Hall of Fame Moderns category and was the third to be elevated to Legend status in 2012.
• His first major win was over Les Dunn to become Victorian Featherweight champion in 1964.
• He became Lineal and WBC featherweight champion after he defeated the Cuban José Legrá on points at the Albert Hall in London in 1969.
• He was appointed a Member of the Order of Australia (AM) in the 2022 Queen’s Birthday Honors for significant service to boxing at the elite level.

Daily CA on August 6:

• Hiroshima Day is observed every year on August 6 to promote peace politics and raise awareness of the effects of the bomb attack on Hiroshima.
• India now has 64 Ramsar sites altogether after adding 10 wetlands to the list.
• The Lok Sabha passes the Wild Life (Protection) Amendment Bill, 2021.
• The National Payments Corporation of India (NPCI) and the Indian Institute of Technology (IIT), Kanpur, have signed a Memorandum of Understanding (MoU) that paves the way for the sharing of innovative ideas and cooperation on the development of domestic digital payment solutions.
• The Indian Institute of Science (IISc) and the Indian Navy have signed an MoU to collaborate on aviation research and development and to step up the Indian Navy’s self-reliance efforts in line with the goals of Atmanirbhar Bharat.
• To improve its delivery services in the nation, Amazon India has partnered with the Railway of India.
• The Federation of Indian Chambers of Commerce and Industry (FICCI) is designated as the national industry partner for the Make in Odisha Conclave 2022 under a Memorandum of Understanding between the state-run Industrial Promotion and Investment Corporation of Odisha and the organization.
• Saurav Ghosal of India defeated James Willstrop of England 11-6, 11-1, 11-4 to win the bronze medal in squash men’s singles and seal a spot for India in the 2022 Commonwealth Games.
• At the Commonwealth Games 2022, Murali Sreeshankar won silver in the men’s long jump to give India its second athletics medal.
• At the Commonwealth Games 2022, Sudhir won the gold medal in the men’s heavyweight para powerlifting competition.
• At the 44th Chess Olympiad at Mamallapuram, Chennai, Tania Sachdev defeated Hungary with a score of 2.5-1.5 to win the match for India.
• According to a United Nations (UN) report, 84 percent of nearly $1 trillion of global investment in energy transition technologies in 2021 was deployed in China, India, Japan, the US, and Europe.
• The World’s largest floating Solar Power Plant will be constructed in Omkareshwar Dam in the Narmada river in Khandwa district, Madhya Pradesh.
• Federal Bank has become India’s first bank to list its Payment Gateway platform on the TIN 2.0 platform of the Income Tax Department.
• Karnataka Bank has entered into an arrangement with Yubi (formerly known as CredAvenue Pvt Ltd) for co-lending via the Yubi Co.Lend, India’s co-lending platform.
• The Securities and Exchange Board of India (SEBI) has restructured its advisory committee on market data that recommends policy measures on securities market data access and privacy.
• The Insurance Regulatory and Development Authority of India (IRDAI) has allowed insurers to buy more perpetual bonds issued by banks and allowed them to participate in high-yield public listings.
• Karnataka Bank has signed a Memorandum of Understanding (MOU) with SCHWING Stetter India Pvt Ltd one of India’s major construction equipment manufacturers for financing construction equipment.
• Insurance start-up InsuranceDekho has partnered with Future Generali India Insurance Company to offer dog health covers.
• Yubi has agreed with U GRO Capital, a new generation Lending-as-a-Service (LaaS) business that leverages technology to deliver last-mile credit to MSMEs with the financing of more than INR 2000 crore by March 2023 in India.
• IndusInd Bank has announced a strategic partnership with Rupyy, a new-age digital lending platform offering 100% paperless loan processing for used cars.
• The Appointments Committee of the Cabinet (ACC) approved the appointment of 2008-batch Indian Foreign Service (IFS) officer, Ms. Shweta Singh, as a director in the Prime Minister’s Office (PMO) for three years.
• Fintech platform BharatPe has appointed Nalin Negi as its new chief financial officer (CFO).
• Payments and lending fintech BharatPe has appointed former Reckitt executive Smriti Handa as its Chief Human Resources Officer.
• American ride-hailing giant Uber offloaded 2 crore shares of online food delivery aggregator Zomato Ltd for Rs 3,088 crore through an open market transaction.
• The National Aeronautics and Space Administration (NASA) is launching two more small helicopters to Mars as part of its effort to return Martian rocks and soil samples to Earth.
• Former Australian featherweight boxing world champion Johnny Famechon passed away at the age of 77 in Melbourne.