Daily Current Affairs August 12 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

International Youth Day- August 12

• August 12 marks the annual celebration of International Youth Day as an awareness day, designated by the United Nations (UN).
• The first Youth Day was observed in 1999 after the UN General Assembly (UNGA) passed a resolution accepting the recommendation made by the World Conference of Ministers Responsible for Youth in Lisbon.

History:

• In 1998, the World Conference of Ministers Responsible for Youth issued a resolution designating August 12 as International Youth Day.
• It was held by the Portuguese government in conjunction with the UN (Lisbon, 8-12 August 1998).
• The United Nations General Assembly adopted resolution 64/134 in December 2009 proclaiming the year commencing 12 August 2010 as the International Year of Youth.
• To mark the event, the day calls upon governments, civil society, individuals, and communities worldwide to support activities at local and international levels.

World Elephant Day- August 12

• World Elephant Day is celebrated every year on August 12.
• Initiated by the Elephant Reintroduction Foundation and filmmakers Patricia Sims and Michael Clark in 2011, the first international Elephant Day was celebrated on August 12, 2012.
• World Elephant Day was launched to highlight the difficulty of Asian and African elephants, which face many threats like poaching, habitat loss, conflict with humans, and being mistreated in captivity.
• The main aim of World Elephant Day is to make people aware of better treatment of captive elephants and against their illegal poaching and trade for ivory.

History

• The first-ever International Elephant Day was observed on August 12, 2012.
• Since then, it has been a day set aside each year to emphasize the need of protecting and preserving animals.
• The Elephant Reintroduction Foundation and the filmmakers Patricia Sims and Michael Clark created World Elephant Day in 2011.
• The launch date was set for August 12, 2012.

CURRENT AFFAIRS: NATIONAL NEWS

PM to dedicate a 2G ethanol plant in Panipat to the nation:

• In Panipat, Haryana, the second generation (2G) ethanol plant—built at an estimated cost of Rs 900 crore—will be dedicated to the country by Prime Minister Shri Narendra Modi via video conference.
• The dedication of the facility is only one of several actions the government has done over the years to increase the nation’s production and use of biofuels.
• This fits with the prime minister’s ongoing efforts to change the energy industry so that it is more accessible, economical, efficient, and sustainable.
• The initiative would open a new chapter in India’s waste-to-wealth efforts by using around two lakh tonnes of rice straw yearly to produce roughly three crore liters of ethanol annually.
• It is based on cutting-edge indigenous technology.

The Union Cabinet approved a treaty between India and Australia to promote the co-production of films:

• The Union Cabinet, chaired by Prime Minister Shri Narendra Modi approved the signing of an audio-visual co-production treaty between India and Australia with the view to promoting the co-production of films.
• These are umbrella agreements under which private, quasi-government, or governmental agencies enter contracts to produce films together.
• Audio-visual co-production treaties are enabling documents that facilitate the co-production of films between two countries.
• India has, so far, signed one 1audio-visual co-production treaty with foreign countries.
• Australia has emerged as a preferred destination for the shooting of Indian films.
• India is fast emerging as a major content hub for filmmakers looking for new projects.
• In 2019, the ministry of information and broadcasting met a delegation from Bangladesh, for agreements on movie co-production and content sharing.
• The meeting had focused on the making of a feature film on the life and works of Bangladeshi politician and statesman Bangabandhu Sheikh Mujibur Rahman, to be directed by Shyam Benegal, written by Atul Tiwari, and co-produced by both countries.

Home and Cooperation Minister Amit Shah recently e-launched the onboarding of cooperatives on the GeM portal:

• Home and Cooperation Minister Amit Shah e-launched the onboarding of cooperatives on the GeM portal.
• 589 cooperatives have been shortlisted as eligible for onboarding on Government e-Marketplace (GeM) portal.
• With the e-launch, eligible cooperatives can place orders on the Government e-Marketplace (GeM) portal.
• He urged all the co-operatives society to join Government e-Marketplace (GeM) with their products.
• Commerce and Industry Minister Shri Piyush Goyal said that a total of 2,80,000 crore rupees of business has been done on the GeM portal in the previous six years.
• In June 2022, Cabinet expanded the mandate of Government e-Marketplace (GeM) to allow cooperatives to procure goods and services through the GeM portal.

The Centre has decided to offer the use of Indigenous 5G Test Bed free of cost to the Government recognized start-ups:

• The Centre has decided to offer the use of the Indigenous 5G Test Bed free of cost to the Government recognized start-ups and MSMEs for the next six months up to January 2023.
• The decision has been taken to boost the 5G ecosystem within India and to achieve the objectives of Aatmanirbhar Bharat and Make in India initiatives.
• The facility is available at a very nominal rate to all other stakeholders.
• Department of Telecommunications has urged all 5G stakeholders including industry, academia, service providers, government bodies, and equipment manufacturers to utilize the 5G testbed facilities and expertise to test and facilitate the speedy development and deployment of their products in the network.
• Keeping in view India’s specific requirements and to take lead in 5G deployment, the Department of Telecommunications has approved a financial grant for the multi-institute collaborative project to set up the ‘Indigenous 5G Test Bed’ in India in March 2018 with a total cost of 224 crore rupees.

CURRENT AFFAIRS: STATE NEWS

Assam & Mizoram sign joint statement on resolving the border dispute

• The Assam and Mizoram governments signed a joint statement after a ministerial-level discussion in Aizawl in Mizoram to take forward the process of resolution of the boundary dispute between the two states.
• Mizoram’s delegation was led by state’s Home Minister Lalchamliana, while Minister of Agriculture, Horticulture, Animal Husbandry, and Veterinary Atul Bora led Assam’s delegation.
• The next meeting between High-Level delegations of two states will take place at Guwahati in October 2022 where issues and claims will be deliberated in detail.

Key Highlights :

• Both states have agreed to promote and maintain peace to prevent any untoward incident along the borders.
• Also, the Deputy Commissioners of the bordering districts of both states shall meet at least once in two months.
• Assam shares a 164.6 km long boundary with Mizoram and many conflicts have taken place in the last few years.
• In August 2021, the representatives of both states held talks in Mizoram’s capital Aizawl and they agreed to maintain peace and resolve the inter-state boundary dispute through dialogue.
• The governments of Assam and Meghalaya had come up with a draft resolution to resolve their border disputes in 6 of the 12 “areas of difference” along the 884-km boundary.
• According to the proposed recommendations for the 79 square km of land, Assam will keep 18.51 square km and give the remaining 18.28 square km to Meghalaya.

About Assam :

• Governor : Jagdish Mukhi
• Chief Minister : Himanta Biswa Sarma
• Capital: Dispur

About Mizoram :

• Governor :Kambhampati Hari Babu
• Chief minister: Zoramthanga
• Capital: Aizawl

NLCIL inks MoU with Assam Power Distribution to develop 1,000 MW solar power projects

• Public sector power generator NLC India Limited (NLCIL) has signed a memorandum of understanding (MoU) with Assam Power Distribution Company Limited (APDCL) to develop 1,000 MW solar power projects in
• The two firms have formed a Joint Venture (JV), in which APDCL will hold a 49 percent stake and 51 percent will be with NLCI.
• The MoU was signed by Mohan Reddy, Director (Planning and Projects), NLCIL, and R Kumar, Managing Director, APDCL in the presence of Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi, Chief Minister of Assam Himanta Biswa Sarma and Chairman-cum-Managing Director, NLCIL Rakesh Kumar, in Dispur.

Key Highlights :

• NLCIL operationalizes mining along with a power generation capacity of 6,061 MW, including a renewable energy capacity of 06 MW with 1,370.06 MW of solar and 51 MW of wind-based power generation.
• The establishment of this solar project will act as a stepping stone for NLCIL to achieve its ambitious plans of having a capacity of around 17,171 MW, including 6,031 MW of renewable energy, by 2030.
• The project will generate 1,500 million units and our target is to produce 35,000 million units in 25 years.
• NLCI also donated Rs 5 crore to Chief Minister’s Relief Fund for the recent devastating flood in Assam.

About NLCIL :

• Founded: 1956
• Headquarters: Chennai, Tamil Nadu, India
• Chairman & Managing Director: Rakesh Kumar
• NLC India Limited (NLC) (formerly Neyveli Lignite Corporation Limited) is a government-owned fossil fuel miner and thermal power generator under the ownership of the Ministry of Coal,
• NLCIL is the first CPSE to cross 1 GW capacity in solar power generation and is also a member of the International Solar Alliance.

CURRENT AFFAIRS: BANKING & FINANCE

Paytm partners with Piramal Finance to offer loans

• Paytm Payments Bank Limited has Partnered with Piramal Capital & Housing Finance to offer merchant loans to small cities and towns across India.
• With this partnership, merchants will be able to avail of loans of up to Rs 10 lakh with a tenure of 6-24 months.

How merchants can avail of loans on the Paytm For Business App :

• Tap on the “Business Loan” icon on the Paytm for Business App home screen and enter the desired loan amount
• Check details like loan amount, amount to be disbursed, total payable, daily installment, tenure
• Personal details like PAN, date of birth, and email address will be confirmed.
• After this, the credit score will be checked for loan eligibility and KYC details will be verified.
• Once the application is verified successfully, the loan amount will be disbursed instantly in the selected bank account of the merchant.

About PPBL :

• Founded: 2015
• Headquarters: Noida, Uttar Pradesh
• CEO: Satish Kumar Gupta

About Piramal Capital & Housing Finance Limited :

• Headquarters: Mumbai, Maharashtra, India
• MD: Jairam Sridharan
• Piramal Capital and Housing Finance Limited were earlier known as Dewan Housing Finance Corporation Ltd. (DHFL).
• It is a subsidiary of Piramal Enterprises Limited.
• DHFL is the second housing finance company to be established in India.

SBI formalizes policy to finance makers of lab-grown diamonds

• State Bank of India (SBI) is the first Indian lender to frame a policy to fund makers of lab-grown diamonds which come across as replicas of natural diamond stones.
• These diamonds are priced at a 30-40% decrease from the pure (or, earth-mined) diamonds.
• To start with (SBI’s) Diamond Bourse department in Mumbai, Maharashtra Bandra Kurla Complicated, and the Industrial department in Surat, Gujarat has been recognized for the enterprise.

About SBI :

• Founded: 1 July 1955
• Headquarters: Mumbai, Maharashtra, India
• Chairman: Dinesh Kumar Khara

HDFC Bank inks pact with TReDs platform M1xchange

• HDFC Bank has partnered with the Trade receivables discounting platform, M1xchange promoted by Mynd Solutions Pvt Ltd to make a debut in the Trade receivables Discounting System (TReDs) platform.

Aim :

• To provide more liquidity to small businesses at competitive interest rates.

About the Partnership :

• HDFC Bank will benefit from partnering with M1xchange with a shorter turn-around time and lower administrative costs in booking additional new-to-bank (NTB) corporate buyer relationships.
• TReDS system, regulated by the Reserve Bank of India (RBI), enables Micro, Small & Medium Enterprises (MSMEs) to auction their trade receivables online and borrow funds from financial institution which offers loan at the lowest rate of interest.
• This partnership is expected to bring in more liquidity and enhance the adoption of TReDS among a wider number of corporate customers and MSMEs.

About HDFC Bank :

• Founded: August 1994
• Headquarters: Mumbai, Maharashtra, India
• Chairman: Atanu Chakraborty
• CEO : Sashidhar Jagdishan

About M1xchange :

• Founded: 2017
• Headquarters: Gurugram, Haryana
• MD & CEO: Sundeep Mohindru
• RBI approved Mynd Solutions in Dec 2015, to set up and operate TReDS under the Payment and Settlement System (PSS) Act 2007.

SIDBI & ONDC ink MoU to accelerate E-Commerce for Small Industries

• Open Network for Digital Commerce (ONDC), a first-of-its-kind initiative to democratize the country’s e-commerce ecosystem has signed a Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDBI), for the coordination of capabilities of establishments engaged in related actions.

Aim :

• To change the landscape of MSMEs by bringing them into the ONDC network and accelerating their participation in e-commerce.
• The MoU was signed by Shri Sivasubramanian Ramann, CMD, SIDBI, and Shri T Koshy, MD&CEO, ONDC.
• The association between ONDC and SIDBI will establish a programmatic approach for MSMEs where sessions will be held first to educate them about ONDC, then masterclass sessions on ONDC protocol and MVP definition, followed by incentivized accelerator programs and finishing with participants and their ecosystems going live and being able to transact.
• Three partners being introduced to ONDC are Annapurna Finance Pvt. Ltd, Access Livelihoods Group, and the women’s co-operative ‘Looms of Ladakh’.
• SIDBI will also use its strong presence in the fintech ecosystem to explore e-commerce embedded financing solutions.

About SIDBI :

• Founded: 2 April 1990
• Headquarters: Lucknow, Uttar Pradesh, India
• Chairman & MD : Sivasubramanian Ramann
• SIDBI is the apex regulatory body for the overall licensing and regulation of micro, small and medium enterprise finance companies in India.
• It is under the jurisdiction of the Ministry of Finance, GoI.

About ONDC :

• Founded: December 31, 2021
• CEO: Thampy Koshi
• It was established by the Department for Promotion of Industry and Internal Trade (DPIIT) of GoI under the Ministry of Commerce and Industry to develop open e-commerce.

The pilot phase was launched on 29 April 2022 in five cities; New Delhi, Bengaluru, Bhopal, Shillong, and Coimbatore.

CURRENT AFFAIRS: BUSINESS NEWS

Microsoft has become the first big tech company to join Open Network for Digital Commerce (ONDC)

• ONDC (OPEN Network of digital commerce), which is developing a first-of-its-kind open network for digital commerce, US tech giant Microsoft has onboarded its platform.
• Microsoft intends to introduce social e-commerce — a group buying experience — in the Indian market.
• Microsoft, among the three largest tech companies, is the first in its league to announce onboarding efforts with ONDC.
• This year, it plans to launch a shopping app for Indian consumers along with their social circle, harnessing the ONDC network to discover the best pricing among retailers and sellers.
• ONDC was launched earlier this year by the Department for Promotion of Industry and Internal Trade (DPIIT), to create an inclusive e-commerce market and enable all kinds of sellers and buyers to leverage the digitization of commerce through its network.

CURRENT AFFAIRS: AWARDS AND HONOURS

Prof Ramadhar Singh becomes 1st Indian Social Psychologist on US Heritage Wall of Fame:

• Ramadhar Singh, a professor at Ahmedabad University, is the first Indian social psychologist to be inducted onto the American Society for Personality and Social Psychology’s (SPSP) US Heritage Wall of Fame.
• He is presently a professor at Ahmedabad University’s Amrut Mody School of Management and Human Sciences gave him the Distinguished Alumni Award in Psychological Sciences (March 25, 2022).
• Professor Singh joined the organization in 1990 and later became a fellow (1992).

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Shri Nitish Kumar to take oath as Bihar Chief Minister for 8th time in 22 years; Shri Tejashwi Yadav Sworn In As Deputy CM

• Janata Dal (United) leader Shri Nitish Kumar took oath as the Chief Minister of Bihar for the 8th time in the last 22 years.
• Meanwhile, Rashtriya Janata Dal (RJD) leader Shri Tejashwi Yadav took an oath as the Deputy Chief Minister of Bihar.
• The two leaders were administered by Governor Shri Phagu Chauhan in a ceremony at Raj Bhawan a day after Nitish Kumar resigned from the post of the CM of the National Democratic Alliance (NDA) government and broke ties with the BJP.
• Nitish Kumar was first sworn in as the CM of Bihar in 2000.

About Bihar :

• Governor: Phagu Chauhan
• Chief minister: Nitish Kumar
• Capital: Patna

Shri Justice Uday Umesh Lalit appointed as 49th Chief Justice of India

• In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the President of India Draupadi Murmu has appointed Shri Justice Uday Umesh Lalit, judge of the Supreme Court, to be the Chief Justice of India
• Shri Justice Uday Umesh Lalit will take over as the 49th Chief Justice of India on 27th August 2022.
• He will be taking over from incumbent Shri CJI N V Ramana, who is scheduled to demit office on August 26 after a tenure of over 16 months.
• Shri Justice Lalit will become the second Chief Justice of India to be directly elevated to the Supreme Court from the Bar, after Shri Justice S.M. Sikri.

About Shri Justice Uday Umesh Lalit :

• Shri Uday U Lalit was born on 9th November 1957 in Solapur, Maharashtra.
• He was enrolled as an Advocate by the Bar Council of Maharashtra and Goa in June 1983.
• He practiced in the High Court of Bombay till December 1985 before shifting his practice to Delhi in January 1986.
• He was appointed as Judge of the Supreme Court (SC) in August 2014.
• He also headed the bench that convicted the fugitive businessman for contempt in May 2017.
• He was appointed a special public prosecutor for the CBI to conduct the trial in the 2G spectrum allocation case.

Additional Info :

• Justice S M Sikri, who became the 13th CJI in January 1971, was the first lawyer to be elevated directly to the top court bench in March 1964.

About CJI :

• The Chief Justice of the Supreme Court of India is the chief judge of the Supreme Court of India as well as the highest-ranking officer of the Indian federal judiciary.

About Supreme Court of India :

• Established: 28 January 1950
• Headquarters: New Delhi, Delhi, India
• Authorized by: Article 124 of the Constitution of India

About Ministry of Law and Justice :

• Cabinet Minister : Kiren Rijiju
• Secretary: Anoop Kumar Mendiratta, G Narayana Raju, Alok Shrivastava

CURRENT AFFAIRS: SPORTS NEWS

Uzbekistan has won the gold medal in the Open section of the 44th Chess Olympiad:

• The 44th Chess Olympiad has come to a close, as Uzbekistan’s team Won the gold medal in the Open division.
• Team Armenia took home the silver medal in the Open Section, while India-2 had to settle for bronze.
• Ukraine took home the gold medal in the women’s division.
• India-1 earned the bronze medal, and Team Georgia took home the silver.

Key Points:

• The International Chess Federation, often known as the World Chess Federation (FIDE), hosted the 44th Chess Olympiad in Chennai, India, from July 28 to August 9, 2022.
• The inaugural Chess Olympiad was held in India.
• There were both open and women’s events there.
• There were 1,737 competitors in all, of which 937 competed in the Open event and 800 in the Women’s event.
• Overall, 186 countries registered 188 teams in the Open segment, and 160 countries registered 162 teams in the Women’s section.
• The conference center of the Four Points by Sheraton served as the primary site for the Chess Olympiad.
• The Jawaharlal Nehru Stadium served as the location for both the opening and closing ceremonies.

Kieron Pollard became the first cricketer to play 600 T20 matches:

• Former West Indies all-rounder Kieron Pollard became the first cricketer to play 600 T20 matches.
• The hard-hitting batter achieved this landmark during his side’s London Spirit’s match against Manchester Originals during the ongoing The Hundred tournament at Lord’s.
• Pollard made sure to make the occasion memorable.
• He smashed an unbeaten 34 runs off just 11 balls consisting of one four and four big sixes.

About Kieron Pollard:

• Pollard has some brilliant T20I stats.
• He has scored 11,723 runs across 600 games at an average of 31.34.
• He has the best individual performance of 104.
• Pollard has scored one century and 56 half-centuries in the format.
• He has also captured 309 wickets with the best bowling figures of 4/15.
• Behind him are players Dwayne Bravo (543 matches), Shoaib Malik (472), Chris Gayle (463), and Ravi Bopara (426).

CURRENT AFFAIRS: BOOKS AND AUTHORS

Union Minister Dr. Jitendra Singh releases book ‘Rusty Skies & Golden Winds’:

• Jitendra Singh, Union Minister of State (IC) for the Ministry of Science and Technology, recently debuted the poetry collection “Rusty Skies and Golden Winds,” written by Sannidhya Sharma, a seventh-grade student from Jammu, who is 11 years old.
• Blue-Rose Publishers is the company behind the book.
• The union minister praised the young author’s efforts in organizing his ideas into a book of poetry, praising his exceptional accomplishment at such a young age, and wished him success in the future.
• The aspiring author describes the present state of the world in 40 poems collected in the 100 book pages.
• He looks fearlessly at the blood on the page and lets the mysterious power carry him away.
• Throughout the whole book, the author sits still and glances into the rusty skies of dust, wishing for a blast of golden winds to launch his soul on a journey to find all those shallow ideas buried in the soils of time.

Minister of Fisheries and Animal Husbandry launched a unique coffee table book titled “Fish and Seafood”:

• Minister of Fisheries and Animal Husbandry Parshottam Rupala has launched a unique coffee table book titled – “Fish and Seafood” – a collection of 75 gourmet recipes in New Delhi.
• The Department of Fisheries has come up with this initiative to boost the domestic consumption of fish and seafood, along with popularizing the local fish species.
• The book was launched in the presence of both the Minister of States for Fisheries and Animal Husbandry Dr. L. Murugan and Dr. Sanjeev Kumar Balyan.
• The recipe book highlights the diversity of fish available within the domestic water bodies and the fish culinary heritage of the country that signifies the diverse cooking and eating styles across the country.
• Recognizing the importance of the fisheries sector, the Government of India launched Pradhan Mantri Matsya Sampada Yojana (PMMSY) in May 2020 as part of the AtmaNirbhar Bharat Package with the highest ever investment of Rs. 20,050 crores.
• The schemes will be implemented from FY 2020-21 to FY 2024-25 in all states/Uts.

CURRENT AFFAIRS: OBITUARIES

Grease’ Star and Singer Olivia Newton-John Passes away

• The British-born Australian singer and actor, Olivia Newton-John passed away at the age of 73 in Southern California.

About Olivia Newton-John :

• Dame Olivia Newton-John was Born in Cambridge, England in 1948.
• She was a British-Australian singer, songwriter, actress, and activist.
• She was best known for her music video Physical and the hit musical Grease.
• In 1978, Newton-John starred in the musical film Grease, whose soundtrack remains one of the world’s best-selling albums of all time.

Awards & Honors :

• She was the four-time Grammy award winner in
• 1973: Best Female Country Vocal Performance: “Let Me Be There”
• 1974: Record of the Year: “I Honestly Love You”
• 1974: Best Female Pop Vocal Performance: “I Honestly Love You”
• 1982: Video of the Year: Olivia’s Physical

Daily CA on August 12:

• August 12 marks the annual celebration of International Youth Day as an awareness day, designated by the United Nations (UN).
• World Elephant Day is celebrated every year on August 12.
• In Panipat, Haryana, the second generation (2G) ethanol plant—built at an estimated cost of Rs 900 crore—will be dedicated to the country by Prime Minister Shri Narendra Modi via video conference.
• The Union Cabinet, chaired by Prime Minister Shri Narendra Modi approved the signing of an audio-visual co-production treaty between India and Australia with the view to promoting the co-production of films.
• Home and Cooperation Minister Amit Shah e-launched the onboarding of cooperatives on the GeM portal.
• The Centre has decided to offer the use of the Indigenous 5G Test Bed free of cost to the Government recognized start-ups and MSMEs for the next six months up to January 2023.
• ONDC (OPEN Network of digital commerce), which is developing a first-of-its-kind open network for digital commerce, US tech giant Microsoft has onboarded its platform.
• Ramadhar Singh, a professor at Ahmedabad University, is the first Indian social psychologist to be inducted onto the American Society for Personality and Social Psychology’s (SPSP) US Heritage Wall of Fame.
• The 44th Chess Olympiad has come to a close, as Uzbekistan’s team Won the gold medal in the Open division.
• Former West Indies all-rounder Kieron Pollard became the first cricketer to play 600 T20 matches.
• Jitendra Singh, Union Minister of State (IC) for the Ministry of Science and Technology, recently debuted the poetry collection “Rusty Skies and Golden Winds,” written by Sannidhya Sharma, a seventh-grade student from Jammu, who is 11 years old.
• Minister of Fisheries and Animal Husbandry Parshottam Rupala has launched a unique coffee table book titled – “Fish and Seafood” – a collection of 75 gourmet recipes in New Delhi.
• The Assam and Mizoram governments signed a joint statement after a ministerial-level discussion in Aizawl in Mizoram to take forward the process of resolution of the boundary dispute between the two states.
• Public sector power generator NLC India Limited (NLCIL) has signed a memorandum of understanding (MoU) with Assam Power Distribution Company Limited (APDCL) to develop 1,000 MW solar power projects in
• Paytm Payments Bank Limited has Partnered with Piramal Capital & Housing Finance to offer merchant loans to small cities and towns across India.
• State Bank of India (SBI) is the first Indian lender to frame a policy to fund makers of lab-grown diamonds which come across as replicas of natural diamond stones.
• HDFC Bank has partnered with the Trade receivables discounting platform, M1xchange promoted by Mynd Solutions Pvt Ltd to make a debut in the Trade receivables Discounting System (TReDs) platform.
• Open Network for Digital Commerce (ONDC), a first-of-its-kind initiative to democratize the country’s e-commerce ecosystem has signed a Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDBI), for the coordination of capabilities of establishments engaged in related actions.
• Janata Dal (United) leader Shri Nitish Kumar took oath as the Chief Minister of Bihar for the 8th time in the last 22 years, Meanwhile, Rashtriya Janata Dal (RJD) leader Shri Tejashwi Yadav took oath as the Deputy Chief Minister of Bihar.
• In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the President of India Draupadi Murmu has appointed Shri Justice Uday Umesh Lalit, judge of the Supreme Court, to be the Chief Justice of India
• The British-born Australian singer and actor, Olivia Nwewton-John passed away at the age of 73 in Southern California.