Excellence by Saikat Sir: Daily Current Affairs August 17 2022

Daily Current Affairs August 17 2022

CURRENT AFFAIRS: NATIONAL NEWS

Kolkata will host the 23rd edition of the India International Seafood Show:

The Seafood Exporters Association of India (SEAI) and the Marine Products Export Development Authority (MPEDA) will collaborate to host the 23rd India International Seafood Show (IISS) in Kolkata, the City of Joy.
During 2021-22, India exported 13,69,264 tonnes of marine goods for US$ 7.76 billion, an all-time high in terms of value, while shrimp output surpassed one million MT.
With a multifaceted approach targeting capture fisheries and aquaculture, export turnover is expected to reach US$ 15 billion over the next five years.
MPEDA Chairman Dr. K.N. Raghavan announced that the biennial showpiece event in the seafood sector, the biggest in the industry aimed at showcasing the export potential of India, will be organized at the sprawling Biswa Bangala Mela Prangan in Kolkata.

The world’s highest railway bridge, the Chenab Railway Bridge, has been inaugurated:

The highest railway bridge in the world across the Chenab River was officially opened at its golden junction.
After the overarch deck on the tallest single-arch railway bridge over the River Chenab is completed, Srinagar will be connected to the rest of India for the first time since independence.
Compared to the Eiffel Tower, the bridge will be 35 meters taller.
In addition to the Chenab Bridge, Afcons is constructing 16 other railway bridges for Konkan Railway Corporation Limited (KRCL) in the treacherous terrain of Jammu and Kashmir.
The Udhampur Srinagar Baramulla Rail Link (USBRL) project includes all of the bridges.

11 more Indian wetlands have got Ramsar recognition: Ramsar sites

India has added 11 more wetlands to the list of Ramsar sites, bringing the total number of such sites in the nation to 75, spanning an area of 13,26,677 hectares.
In India’s 75th year of independence, there are 75 Ramsar sites.
Four additional Ramsar sites were named in Tamil Nadu, three in Odisha, two in Jammu and Kashmir, and one each in Madhya Pradesh and Maharashtra.
A Ramsar site is a wetland site designated to be of international importance under the Ramsar Convention, also known as “The Convention on Wetlands”, an intergovernmental environmental treaty established in 1971 by UNESCO, which came into force in 1975.

The 11 Indian wetlands:

Tampara Lake in Odisha;
Hirakud Reservoir in Odisha;
Ansupa Lake in Odisha;
Yashwant Sagar in Madhya Pradesh;
Chitrangudi Bird Sanctuary in Tamil Nadu;
Suchindram Theroor Wetland Complex in Tamil Nadu;
Vaduvur Bird Sanctuary in Tamil Nadu;
Kanjirankulam Bird Sanctuary in Tamil Nadu;
Thane Creek in Maharashtra;
Hygam Wetland Conservation Reserve in Jammu and Kashmir;
Shallbugh Wetland Conservation Reserve in Jammu and Kashmir.

The first Tiranga park has been set up in the Gurugram:

Under the Har Ghar Tiranga Abhiyan, the first Tiranga park has been set up in the Gurugram by the district administration.
This park has been constructed with the support of the M3M Foundation in the Swatantrata Senani Bhawan located in Civil Lines, Gurugram.
The park was inaugurated by the Union Minister of State, Rao Inderjit Singh, as the chief guest.
On this occasion, Deputy Commissioner Nishant Yadav along with Aishwarya Mahajan, President of M3M Foundation was present.
In this, 75 national flags of 12-foot height have been installed on the 75th anniversary of independence.
With the inauguration of the park, the residents will be able to come to visit this Tiranga park.
On behalf of the administration, every effort is being made at the administrative level to ensure the participation of the general public in the district.

CURRENT AFFAIRS: INTERNATIONAL NEWS

British govt officially declares drought in parts of England

The British government stated that parts of southern, central, and eastern England had officially moved into drought status after a prolonged period of hot and dry weather.
The affected areas are:

Devon and Cornwall
Solent and South Downs
Kent and south London
Herts and north London
East Anglia
Thames
Lincolnshire and Northamptonshire,
The East Midlands.

England suffered its driest July 2022 since 1935, with only 35% of the average rainfall for the month, and parts of England and Wales are now in the middle of a four-day extreme heat alert.
The last drought in England occurred in 2018.

About England :

Capital: London
Currency: Pound sterling

CURRENT AFFAIRS: STATE NEWS

Agathiyamalai became 5th elephant reserve in Tamil Nadu

On the Occasion of World Elephant Day 2022 (Aug 12), Tamil Nadu Government has notified its 5th Elephant Reserve at Agathiyamalai in Tirunelveli district, Tamil Nadu.
The Reserve will be spread across 1,197.48 sq. km of land and will cover Kanyakumari and Tirunelveli areas.
With this India has 31 elephant reserves.

List of 4 Existing Elephant Reserves in TN :

Nilgiris-Eastern Ghat – Nilgiris, Erode, Dharmapuri District
Nilambur Silent Valley Coimbatore Elephant Reserve – in Coimbatore, Nilgiris Dt
Srivilliputhur Elephant Reserve – Theni, Virudhunagar, Tirunelveli Dt
Anamalai – Parambikulam Elephant Reserve – Coimbatore, Dindigul Dt

Designation of the area as a dedicated reserve forest will also provide connectivity of the elephant migratory paths in the landscape through proper research and effective management.

Additional Info :

The 30th Elephant Reserve was notified in Nagaland in 2018.
According to the 2017 census, Karnataka has the highest number of elephants (6049) followed by Assam (5719) & Kerala (3054).

First Tiranga Park set up in Gurugram

Under the Har Ghar Tiranga Abhiyan, the first Tiranga Park was set up in Gurugram, Haryana by the district administration.
The park was inaugurated by the Union Minister of State, Shri Rao Inderjit Singh, as the chief guest.
On this occasion, Deputy Commissioner Nishant Yadav along with Aishwarya Mahajan, President of M3M Foundation was present.
The park has been constructed with the support of the M3M Foundation at the Swatantrata Senani Bhawan located at the Civil Lines, Gurugram.
In the park, 75 national flags of 12-ft height have been installed on the 75th anniversary of Independence.
On behalf of the administration, every effort is being made at the administrative level to ensure the participation of the general public in the district.

About M3M Foundation :

Founded: 2019
Headquarters: Gurugram, Haryana
M3M Foundation is the philanthropic arm of M3M Group; working towards bringing equitable development that helps in attaining a brighter India.

CURRENT AFFAIRS: BUSINESS NEWS

LIC has risen in standalone net profit to ₹682.89 crores:

The Life Insurance Corporation of India has registered a whopping 23,127.21% rise in standalone net profit to ₹682.89 crores for the quarter ending June 30, 2022, as per the financial results released by the insurer.
The insurer’s net premium income also improved to Rs 98,805.23 crore in the quarter under review compared to Rs 82,375.61 crore in the last year’s quarter.
As per the results, LIC’s total premium income climbed 20.35% to ₹98,351.76 crores in Q1FY23 compared to ₹81,721.41 crores during Q1 of last year.
Life Insurance Corp. of India (LIC) made net purchases of shares worth more than ₹34,000 crores from the equities market in the fiscal first quarter, the country’s largest insurer, as it announced a sharply higher net profit of ₹78 crores for the June quarter.

CURRENT AFFAIRS: AWARDS AND HONOUR

Indian Film Festival of Melbourne (IFFM) Awards 2022 announced:

The 13th edition of the Indian Film Festival of Melbourne (IFFM) 2022 began on August 12 and will end on August 30.
The yearly event in Australia honors the Indian film industry by displaying some of the country’s most important and acclaimed films, TV programs, and online series.
The awards night is one of the festival’s highlights, as chosen honors are handed to the top performers from Indian film and the OTT scene from the previous year.
Rithvik Dhanjiani hosted the event, which witnessed huge victories for Kabir Khan’s sports drama 83 and its star Ranveer Singh, as well as Prime Video online series Mumbai Diaries 26 and the film Jalsa.
The two films with the most nominations, Jai Bhim and Gangubai Kathiawadi, did not win any awards.

LIST OF WINNERS:

S.no	Category	Winners
1	Best Film	83
2	Best Director	Shoojit Sircar (Sardar Udham) and Aparna Sen (The Rapist)
3	Best Actor	Ranveer Singh (83)
4	Best Actress	Shefali Shah (Jalsa)
5	Best Series	Mumbai Diaries 26/11
6	Best Actor in a Series	Mohit Raina (Mumbai Diaries 26/11)
7	Best Actress in a Series	Sakshi Tanwar (Mai)
8	Best Indie Film	Jaggi
9	Best Film from the Subcontinent	Joyland
10	Lifetime Achievement Award	Kapil Dev
11	Disruptor in Cinema Award	Vaani Kapoor (Chandigarh Kare Aashiqui)
12	Equality in Cinema Award	Jalsa
13	Leadership in Cinema Award	Abhishek Bachchan

107 gallantry awards for Armed Forces and CAPF soldiers have been announced:

Droupadi Murmu, President of India, has authorized 107 gallantry medals for Armed Forces and Central Armed Police Forces troops for the occasion of India’s Independence Day in 2022.
Three Kirti Chakras, 13 Shaurya Chakras, two bar to Sena Medals (gallantry), 81 Sena Medals (gallantry), one Nao Sena Medal (gallantry), and seven Vayu Sena Medals are among the honors (gallantry).
The president has also approved 40 mentions-in-despatches to Indian Army personnel, one to Indian Air Force (IAF) personnel, and one to the army dog, ‘Axel’ (posthumously), for their significant contributions in various military operations such as Operation Rakshak, Snow Leopard, Rhino, Orchid, Falcon, Hifazat, and Trikut (Deoghar).

Kirti Chakra

Nk Devendra Pratap Singh, Armd, 55 Rr
Sudip Sarkar, Constable/gd, Bsf (Posthumous)
Paotinsat Guite, Sub-inspector/gd, Bsf (Posthumous)

Shaurya Chakra

Maj Nitin Dhaania, 2 Para (Sf)
Maj Amit Dahiya, Sm, 1 Para (Sf)
Maj Sandeep Kumar, Grenadiers, 55 Rr
Maj Abhishek Singh, Mech Inf, 50 Rr
Hav Ghanshyam, Grenadiers, 55 Rr
L/nk Ragh Vendra Singh, Mech Inf, 9 Rr
Sep Karn Veer Singh, Rajput, 44 Rr (Posthumous)
Gnr Jasbir Singh, Arty, 19 Rr (Posthumous)
Lt Cdr Mritunjay Kumar
Amit Kumar, Assistant Commandant, Crpf
Somay Vinayak Munde, IPS, Addl. Superintendent of Police, Maharashtra Police
Ravindra Kashinath Naitam, Police Naik, Maharashtra Police
Tikaram Sampatrao Katenge, Police Naik, Maharashtra Police

Bar to Sena Medal (Gallantry)

Maj Archit Sharma, Sena Medal, Mech Inf, 42 Rr
Maj Narender Singh Waldia, Sena Medal, Engrs, 44 Rr

Sena Medal (Gallantry)

Lt Col Vivek Kumar Dwivedi, Arty, 663 Army Avn Sqn (R&o)
Lt Col Sudhanshu Dhyani, 671 Army Avn Sqn (R&o)
Lt Col Prasoon Singh, 5 Rajput
Maj Angad Singh Behl, 14 Jat
Maj Vaibhav Bhatnagar, 3 Rajput
Maj Sahil Kumar, 4 Para (Sf)
Maj Parth Chandel, Bihar, 24 Rr
Maj Vivek Kamboj, Grenadiers, 55 Rr
Maj Mritunjay Katoch, Garh Rif, 14 Rr
Maj Sudeep Kumar, Sikh, 46 Rr

CURRENT AFFAIRS: MOUS AND AGREEMENT

NBCC Ltd has signed an agreement with the External Affairs Ministry to redevelop a housing complex in central Delhi:

State-owned NBCC Ltd has signed an agreement with the External Affairs Ministry to redevelop a housing complex in central Delhi for Rs 175 crore.
The tentative cost of the project is Rs 175 crore, according to a regulatory filing.
NBCC has signed another MoU with Aligarh Smart City Ltd for providing ‘PMC (Project Management and Consultancy) services for the project ‘Development & Modernisation of Infrastructure at Naurangilal College, SH: Sports facilities.
The estimated cost is around Rs 50 crore.
It has also signed MoU with the National Cooperative Union of India (NCUI) for ‘Demolition and construction of NCCE Hostel building at NCUI complex’.
The tentative cost for this project is Rs 33 crore.
In a separate filing, NBCC secured the total business of Rs 83.12 crore in July 2022.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Centre appoints Mr. Shah Faesal as Deputy Secretary in Tourism Ministry

The Central government has appointed IAS, Mr. Shah Faesal as Deputy Secretary in the Tourism Ministry.

About Mr. Shah Faesal :

Shah Faesal is an Indian bureaucrat and former Indian politician from Jammu and Kashmir.
In 2010, he became the first Kashmiri to place first in the Indian Civil Services Examination
He resigned from the services in January 2019 and joined politics, which he later quit in August 2020.

About Ministry of Tourism :

Cabinet Minister: G. Kishan Reddy
Minister of State: Shripad Naik, Ajay Bhatt

Kuwait appoints Mr. Bader Abdullah Al-Munaikh first ambassador to Iran since 2016

Kuwait has appointed Bader Abdullah Al-Munaikh as the first ambassador to Iran since 2016.
He handed his credentials to Iranian Foreign Minister Hossein Amirabdollahian in Tehran.
The move comes as Saudi Arabia works to improve its ties with Iran.
Earlier, Riyadh had broken its ties with Tehran in January 2016 after Iranian protesters stormed the Saudi embassy in Iran.

About Kuwait :

Prime Minister : Ahmad Nawaf Al-Ahmad Al-Sabah
Capital: Kuwait City
Currency: Kuwaiti dinar

CURRENT AFFAIRS: DEFENCE NEWS

US naval ship Charles Drew arrives in Indian shipyard for repair

A US Navy Ship named USNS Charles Drew arrived at Larsen & Toubro Kattupalli Shipyard at Ennore, near Chennai, for undertaking repairs and maintenance.
This will be the first time that a US Navy ship is being repaired in an Indian shipyard.
This is the third Indo-Pacific base being used by the US Navy for maintenance and ship repair & the other two are located at Diego Garcia and
US Consul General in Chennai Judith Ravin and Defence Attaché at the US Embassy at New Delhi Rear Admiral Michael Baker were also present.
The USNS Charles Drew will be at the Kattupalli shipyard for 11 days and undergo repairs in various areas.
The development will mark a new strategic dimension to the burgeoning Indo-US military partnership.

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

ADIA to invest Rs 665 cr in Aditya Birla Health Insurance for a 9.99% stake

Abu Dhabi Investment Authority (ADIA) will be investing Rs 655 crore for a 9.99% stake in conglomerate Aditya Birla health insurance Company Limited (ABHICL).
The transaction has been approved by the board of directors of Adity Birla Capital Limited (ABCL).
Out of a 9.99% stake, Aditya Birla Capital will hold a 45.91% stake and Momentum Metropolitan Holdings will have a 44.10% stake in Aditya Birla Health Insurance.

About ADIA :

Founded: 1976
Headquarters: Abu Dhabi, United Arab Emirates
Managing Director: Sheikh Hamed bin Zayed Al Nahyan

About ABHICL :

Founded: 2016
Commenced operations: October 2016
Headquarters: Mumbai, Maharashtra
CEO: Mayank Bathwal
Aditya Birla Health Insurance is a 51:49 joint venture between Aditya Birla Capital and Momentum Metropolitan Strategic Investments (Pty) Ltd, a wholly-owned subsidiary of South Africa-based Momentum Metropolitan Holdings Ltd.
The company plans to use this capital to drive its growth in the health insurance market in India.

CURRENT AFFAIRS: SPORTS NEWS

The All-India Football Federation has been suspended by the FIFA Council:

The FIFA Council Bureau unanimously voted to suspend the All-India Football Federation (AIFF) with immediate effect owing to improper interference from third parties, which constitutes a major violation of the FIFA Statutes.
The suspension will be removed whenever an order to form a committee of administrators to assume the responsibilities of the AIFF Executive Committee is revoked and the AIFF administration regains full control of the AIFFs.

About FIFA

President: Gianni Infantino
Founded: 21 May 1904
Headquarters: Zürich, Switzerland.

CURRENT AFFAIRS: OBITUARIES

Veteran Stock Market Investor Rakesh Jhunjhunwala Passes Away

Veteran stock investor and newly-launched Akasa Air founder Rakesh Jhunjhunwala passed away at the age of 62 in Mumbai, Maharashtra.

About Rakesh Jhunjhunwala :

Rakesh Jhunjhunwala was an Indian billionaire business magnate, stock trader, and investor.
Jhunjhunwala was often referred to as “India’s Warren Buffett” or the “Big Bull of India”.
He was one of the co-founders of Akasa Air, India’s newest budget airline.
His portfolio includes companies like Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies, and Tata Motors.
He was the chairman of Hungama Media and Aptech.
He was also part of the board of directors of firms such as Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.
Jhunjhunwala’s net worth is estimated at $5.8 billion (approximately ₹46,000 crores) by Forbes.
He was India’s 36th richest person in 2021 and the 438th richest man in the world, so far in 2022

About Akasa Air :

Akasa Air, a brand of SNV Aviation Private Limited, is an Indian low-cost airline.
It was founded by Indian billionaire Rakesh Jhunjhunwala (1960-2022).
The airline began commercial operations in August 2022 with a maiden flight from Mumbai to Ahmedabad.
Founded: December 2021
Commenced Operations: 7 August 2022
Headquarters: Mumbai, Maharashtra, India
Founder, Managing Director & CEO : Vinay Dube

Former BCCI Secretary Amitabh Choudhary Passes Away

Former Board of Control for Cricket in India (BCCI) acting secretary and former president of the Jharkhand State Cricket Association (JSCA), Amitabh Choudhary passed away at the age of 58.

About Amitabh Choudhary :

Choudhary entered cricket administration in 2004.
He was the Indian team manager in Zimbabwe from 2005-06.
He served as BCCI’s joint secretary from 2013 to 2015
He served as acting secretary of the BCCI until 2019.
He held the position of chairman of the Jharkhand Public Service Commission.
He played a crucial role in developing infrastructure for Jharkhand cricket.

About BCCI :

Founded: 1928
Headquarters: Mumbai, Maharashtra
President : Sourav Ganguly

Former Deutsche Bank co-CEO Anshu Jain Passes away

Deutsche Bank’s former India-born co-Chief Executive Officer, Anshu Jain, Passed away at the age of 59.

About Anshu Jain :

Jain was born on 7 January 1963 in Jaipur, Rajasthan, India.
He started his career on Wall Street and also worked at financial major Merrill Lynch.
He was appointed to Deutsche Bank’s Management Board in 2009 and was responsible for the Corporate and Investment Bank division from 2010.
He served as the Global co-CEO and co-Chairman of Deutsche Bank from June 2012 until July 2015.
From 2017 to 2022, he was the president of the American financial services firm Cantor Fitzgerald.
He served on the International Advisory Panel of the Monetary Authority of Singapore and, as an ardent conservationist, worked with global environmental and wildlife conservation groups.

Awards & Honors :

In 2010 and 2012, he received the Lifetime Achievement Award from Risk magazine.
In 2012 he was named Global Indian of the Year by the Economic Times of India.
In 2014 he was honored by the Jewish Museum of New York.

About Deutsche Bank :

Founded: 10 March 1869
Headquarters: Frankfurt, Germany
Chairman: Alexander Wynaendts
CEO: Christian Sewing

Daily CA on August 17:

The Seafood Exporters Association of India (SEAI) and the Marine Products Export Development Authority (MPEDA) will collaborate to host the 23rd India International Seafood Show (IISS) in Kolkata, the City of Joy.
The highest railway bridge in the world across the Chenab River was officially opened at its golden junction.
India has added 11 more wetlands to the list of Ramsar sites, bringing the total number of such sites in the nation to 75, spanning an area of 13,26,677 hectares.
Under the Har Ghar Tiranga Abhiyan, the first Tiranga park has been set up in the Gurugram by the district administration.
The Life Insurance Corporation of India has registered a whopping 23,127.21% rise in standalone net profit to ₹89 crores for the quarter ending June 30, 2022, as per the financial results released by the insurer.
The 13th edition of the Indian Film Festival of Melbourne (IFFM) 2022 began on August 12 and will end on August 30.
Droupadi Murmu, President of India, has authorized 107 gallantry medals for Armed Forces and Central Armed Police Forces troops for the occasion of India’s Independence Day in 2022.
State-owned NBCC Ltd has signed an agreement with the External Affairs Ministry to redevelop a housing complex in central Delhi for Rs 175 crore.
The FIFA Council Bureau unanimously voted to suspend the All-India Football Federation (AIFF) with immediate effect owing to improper interference from third parties, which constitutes a major violation of the FIFA Statutes.

The British government stated that parts of southern, central, and eastern England had officially moved into drought status after a prolonged period of hot and dry weather.
On the Occasion of World Elephant Day 2022 (Aug 12), Tamil Nadu Government has notified its 5th Elephant Reserve at Agathiyamalai in Tirunelveli district, Tamil Nadu.
Under the Har Ghar Tiranga Abhiyan, the first Tiranga Park was set up in Gurugram, Haryana by the district administration.
The Central government has appointed IAS, Mr. Shah Faesal as Deputy Secretary in the Tourism Ministry.
Kuwait has appointed Mr. Bader Abdullah Al-Munaikh as the first ambassador to Iran since 2016.
A US Navy Ship named USNS Charles Drew arrived at Larsen & Toubro Kattupalli Shipyard at Ennore, near Chennai, for undertaking repairs and maintenance.
Abu Dhabi Investment Authority (ADIA) will be investing Rs 655 crore for a 9.99% stake in conglomerate Aditya Birla health insurance Company Limited (ABHICL).
Veteran stock investor and newly-launched Akasa Air founder Rakesh Jhunjhunwala passed away at the age of 62 in Mumbai, Maharashtra.
Former Board of Control for Cricket in India (BCCI) acting secretary and former president of the Jharkhand State Cricket Association (JSCA), Amitabh Choudhary passed away at the age of 58.
Deutsche Bank’s former India-born co-Chief Executive Officer, Anshu Jain, Passed away at the age of 59.

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