CURRENT AFFAIRS: NATIONAL NEWS
First 3D-printed human cornea developed in India:
- The first artificial cornea to be 3D printed in India was successfully implanted in a rabbit eye by researchers in Hyderabad.
- Researchers from the L V Prasad Eye Institute (LVPEI), Indian Institute of Technology-Hyderabad (IIT-H), and the Centre for Cellular and Molecular Biology (CCMB) have developed a human cornea that is 3D printed using corneal tissue from a human donor.
- The product (3D-printed Human Cornea) was created locally with support from the government and philanthropic organizations; it is entirely natural, free of synthetic ingredients, and safe for patients to use.
- The 3D-printed human cornea study was funded by the Department of Biotechnology, and the translational work required for patient clinical trials will be funded by the Sree Padmavathi Venkateswara Foundation in Vijayawada.
Ministry of Corporate Affairs has removed 4.33 lakh companies from the Register of Companies:
- Ministry of Corporate Affairs has removed 4.33 lakh companies from the Register of Companies in the last five years.
- 49, 921 companies were removed in 2021-22.
- The year 2017-18 (post demonetization) saw the removal of the maximum number of companies at 2.26 lakh.
- In 2018-19, nearly 1.13 lakh companies were removed from the Register of Companies.
- Section 248 of the Companies Act, 2013 provides for the removal of the name of the company from the Register of Companies in two conditions given below.
- If the company is not carrying on any business or operation for a period of two immediately preceding financial years and
- If the company has not made any application within the said period for obtaining the status of a Dormant Company under section 455 of the Act.
CURRENT AFFAIRS: STATE NEWS
Asia’s largest CBG plant is operational in Punjab’s Sangrur
- Asia’s largest Compressed Biogas (CBG) plant has been commissioned in the Sangrur district of Punjab, in a step to generate clear and inexperienced power.
- The plant with a total capacity of 33.23 tons CBG per day had been commissioned at Bhuttal Kalan village in Sangrur in April 2022.
- The plant supplies CBG to the Indian Oil Corporation Ltd (IOCL)
Key Highlights :
- The projects are anticipated to attract private investment totaling around 1200 crore and create jobs for 8000 skilled and unskilled workers.
- Additionally, Punjab Energy Development Agency (PEDA) has allocated 42 additional CBG projects, totaling 492.58 tonnes per day (TPD), based on paddy straw and other agricultural waste.
- These initiatives will decrease greenhouse gas emissions while boosting the rural economy by giving farmers extra money from agricultural waste.
- The two more plants with a total capacity of 14.25 tons CBG per day are likely to be completed in 2022-23 & within the next three years, the remaining projects are expected to be commissioned.
- All of these projects will consume around 16.5 lakh tons of paddy straw per annum to produce 492.58-ton CBG per day.
About PEDA :
- Chief Executive : Sumeet Jarangal
J&K Govt launches Village Defense Guards Scheme-2022
- The Ministry of Home Affairs sanctioned approval for the creation of the Village Defense Guard Scheme (VDGS) 2022 in Jammu and Kashmir.
- It has been launched to “prevent the incidents of terrorist acts inspired and supported from across the border and to boost the security grid in the Union Territory.”
Aim :
- To organize a small group of volunteer armed civilians in the identified villages along the borders to inculcate the spirit of self-protection for the security of villages.
Key Highlights :
- The Village Defense Guards (VDGs) will be divided into two categories, V1 & V2.
- V1 category includes persons who will be heading/leading/coordinating the Village Defense Guards in the “more vulnerable areas” and will be paid Rs 4,500 per month.
- V2 category carries locals who are members of the Village Defence Group voluntarily and will be paid a uniform rate of Rs 4,000 per month.
- Also, each group will be called the Village Defense Group and shall be headed by a retired officer of the Army/CPMF/J&K Police.
- A minimum of 15 individuals in each group will be designated as Village Defense Guards (VDGs).
- Under this scheme, rifles were provided to VDC’s to protect their villages from terrorist attacks in mountainous areas of the Jammu region.
About J&K :
- Lieutenant Governor: Manoj Sinha
- Capital: Srinagar, Jammu
Rajasthan Govt approves MoU with SJVN for developing renewable energy projects
- The Rajasthan government has approved signing a Memorandum of Understanding (MoU) with Satluj Jal Vidyut Nigam Limited (SJVN Ltd) for developing 10,000 MW renewable energy projects.
- These projects/parks will usher in socio-economic development in the state and will open up multiple direct and indirect employment opportunities.
- An investment of Rs 50,000 crore is estimated for developing these projects in the next 5 to 7 years.
- SJVN will establish the renewable energy projects on the land banks to be allocated by Rajasthan Renewable Energy Corporation Ltd.
- SJVN will be able to achieve the shared vision of 5000 MW by 2023, 25000 MW by 2030, and 50000 MW by 2040.
Note :
- Recently, Rajasthan was the first Indian state to achieve 10 GW of large-scale, cumulative solar installations.
About SJVN Ltd :
- Founded: 1988
- Headquarters: Shimla, Himachal Pradesh, India
- Chairman & Managing Director : Nand Lal Sharma
- It is an Indian public sector undertaking involved in hydroelectric power generation and transmission
- It is a joint venture between the Government of India and the Government of Himachal Pradesh.
About Rajasthan :
- Governor: Kalraj Mishra
- Chief Minister : Ashok Gehlot
- Capital: Jaipur
I-Day: Karnataka CM launches new schemes on sanitation, nutrition, farm labor, and soldiers’ welfare
- On the 75th anniversary of India’s independence, Karnataka Chief Minister Shri Basavaraj Bommai has launched new schemes on sanitation, nutrition, and the well-being of farmers, laborers, and brave soldiers.
Key Highlights :
- The “Raitha Vidya Nidhi ” for farmers’ children will be extended to landless agricultural laborers.
About Raitha Vidya Nidhi :
Aim :
- To promote education for farmers’ children.
- Under the scheme, a scholarship of Rs 439.95 crore has been distributed to 10.03 lakh children.
- Subsequently, the scheme was extended to weavers, fishermen, and yellow board taxi drivers’ children.
- To create a clean and hygienic environment in government schools and colleges, 100 percent toilet coverage will be achieved in the state at Rs 250 crore.
- Also, a loan-cum-subsidy scheme up to Rs 50,000 will be launched to support potters, blacksmiths, carpenters, sculptors, Bhajantri, basket weavers, Vishwakarmas, Madars, and other artisans.
- Govt of Karnataka made a contribution of at least USD 1 trillion for empowering the state to realize Prime Minister Shri Narendra Modi’s transformation of India into a USD 5 trillion economy.
About Karnataka :
- Governor: Thawarchand Gehlot
- Chief Minister : Basavaraj Bommai
- Capital: Bangalore
BRO to build first steel slag road on Arunachal Pradesh border
- In a first of its kind, the Border Road Organization (BRO) is planning to construct a pilot road stretch on the Arunachal Pradesh border using steel slag.
Aim :
- To “convert waste to wealth” around one lakh tonne of processed steel slag aggregates have been utilized here substituting the natural aggregates.
Key Highlights :
- The project has been initiated after the success of using 100% steel slag on a port connectivity road in Gujarat, which has a longer life and is built at a low cost.
- This 1.2 km Hazira port connectivity stretch was a research and development (R&D) project carried out by the Council of Scientific & Industrial Research – Central Road Research Institute (CSIR-CRRI) in collaboration with a major steel manufacturer and steel ministry.
- The project has entered the India Book of Records and Asia Book of Records.
Note :
- India is the world’s 2nd largest steel-producing country after China & annually around 195 lakh tonnes of steel slag is generated and this quantity is slated to increase to 600 lakh tonnes by 2030.
Other Projects :
- The National Highways Authority India (NHAI) will also use the steel slag for the construction of a portion of the Mumbai-Goa highway.
- The Indian Railways has also sanctioned a major R&D project to CSIR-CRRI to explore the possible utilization of steel slag aggregate as railway ballast for track construction and maintenance.
About Arunachal Pradesh :
- Governor: B. D. Mishra
- Chief Minister : Pema Khandu
- Capital: Itanagar
About CSIR-CRRI :
- Established: 1952
- Location: New Delhi
- Director: Dr. Ranjana Aggarwal
- President: Prime Minister of India (Shri Narendra Modi)
About BRO :
- Established: 7 May 1960
- Headquarters: New Delhi, Delhi, India
- Director General: Lt. Gen. Rajeev Chaudhary
CURRENT AFFAIRS: BANKING & FINANCE
SBI launches Utsav fixed deposit scheme
- On the occasion of India’s 76th year of Independence, celebrated as Azadi Ka Amrit Mahotsav, the State Bank of India (SBI), introduced a unique term deposit program called ‘Utsav Deposit’.
- This fixed deposit scheme has higher interest rates and is only available for a limited time.
- These rates are effective as of August 15th,2022 and the scheme is valid for 75 days.
About the Scheme :
- Through this scheme, SBI is offering an interest rate of 6.10 percent per annum on fixed deposits with a tenure of 1000 days.
- For senior citizens, SBI has mentioned on its website that “A special “SBI Wecare” Deposit (extended up to 30th September 2022).
- The senior citizens will be eligible to get an additional interest rate of 0.50 percent over and above the regular rate.
Interest Rates :
| FD Maturity | Interest rate |
| 180 to 210 days | 4.55% |
| 1 year to less than 2 years | 5.45% |
| 2 years to less than 3 years | 5.35% |
| 3 years to less than 5 years | 5.60% |
| 5 years and up to 10 years | 5.65% |
About SBI :
- Established: 1 July 1955
- Headquarters: Mumbai, Maharashtra, India
- Chairman: Dinesh Kumar Khara
BYD India Signs MOU with HDFC Bank for dealer finance
- Build Your Dreams (BYD) India Private Limited, a subsidiary of the Warren Buffett-backed world’s leading New Energy Vehicle manufacturer BYD, has signed a Memorandum of Understanding (MoU) with the HDFC Bank towards a stock financing solution to its pan India dealer network.
- The strategic partnership will provide BYD’s dealers access to inventory finance for electric cars.
- HDFC Bank has committed to becoming carbon neutral by FY 2031-32.
- In January 2022, passenger vehicles in India saw 1% EV penetration.
About HDFC Bank Limited :
- Founded: August 1994
- Headquarters: Mumbai, Maharashtra, India
- CEO : Sashidhar Jagdishan
About BYD India Private Limited :
- Established: 06 March 2007
- Headquarters: Chennai, Tamil Nadu, India
- Currently, BYD operates in four industries, including electronics, rail transit, new energy, and
Yes Bank partners with SellerApp to facilitate the adoption of ONDC
- Yes, Bank has partnered with SellerApp, a seller-centric intelligence platform, to encourage the seller segment of its client base to adopt Open Network Digital Commerce (ONDC) and help them expand their digital commerce footprint.
Aim :
- To promote open networks for the exchange of all kinds of goods and services over digital or electronic networks.
About the Partnership :
- The partnership model will complement Technology-First A.R.T (Alliances, Relationship & Technology) approach and this synergy will benefit customers with better data insights and wider access to the market by moving from a platform-centric model to an open-network model.
About Yes Bank :
- Founded: 2004
- Headquarters: Mumbai, Maharashtra, India
- MD & CEO: Prashant Kumar
- Tagline: Experience Our Expertise
About SellerApp :
- Founded: 2017
- Headquarters: Singapore
- Founders : Dilip Vamanan, Brij Purohit
About ONDC :
- MD & CEO: T Koshy
- ONDC is an Indian government strategic effort aiming at democratizing the whole digital commerce environment.
- In the Indian e-commerce business, the network is also being established as a competitor to Walmart-owned Flipkart and
Karnataka Bank launches new Term Deposit Scheme KBL Amrit Samriddhi
- On the occasion of 75 years of Independence as Azadi Ka Amrit Mahotsav, the Karnataka Bank has introduced a new Term Deposit Scheme, KBL Amrit Samriddhi under Abhyudaya Cash Certificate (ACC) and Fixed Deposit (FD) for a tenure of 75 weeks (525 days).
- The interest rate for this Deposit Scheme is 6.10% per annum.
Key Highlights :
- Currently, the Karnataka bank offers a 5.50% interest rate on fixed deposits below ₹2 crores to the general public, while the rate is 5.65% for tenure above 2 years to 5 years, and the rate is 5.70% on maturity period for above 5 years and up to 10 years.
- The rate varies from 3.40% to 5% on short-term tenures between 7 days to 364 days.
- These rates are the same for FDs from ₹2 crore to ₹50 crores.
- Meanwhile, the bank offers a 5.90% rate to senior citizens on deposits below ₹2 crores for a tenure of 1 year to 2 Years, while the rate is 6.05% and 6.20% on maturity periods above 2 years to 5 years and above 5 years up to 10 years.
About Karnataka Bank :
- Founded: 18 February 1924
- Headquarters: Mangaluru, Karnataka, India
- MD & CEO: Mahabaleshwara M. S
- Tagline: Your Family Bank Across India
CURRENT AFFAIRS: BUSINESS NEWS
India’s economy might reach USD 5 trillion by FY29 if GDP growth is around 9% for five years:
- According to former RBI Governor D Subbarao, India may reach a USD five trillion economies by 2028–2029 assuming GDP growth is sustained at 9% annually for the following five years.
- Speaking on the subject of “India @75- Marching Towards USD 5 Trillion Economy” at the Federation of Telangana Chamber of Commerce and Industry in honor of “75 Years of Indian Independence.”
- To reach its goal of a $5 trillion economy, India must overcome eight key barriers.
- The difficulties include boosting investment, growing agricultural production, enhancing health, education, and employment outcomes, preserving macroeconomic stability, managing global megatrends, and enhancing governance.
India To Start Supplying Petrol With 20% Ethanol from April 2023:
- To reduce its reliance on oil imports and address environmental concerns, India will begin delivering gasoline containing 20% ethanol at some gas stations starting in April of next year.
- After that, supplies will be increased.
- Beginning in April 2023, some E20 gasoline (petrol combined with 20% ethanol) will be accessible; the remainder will be made available by 2025.
- India has accelerated the goal of producing gasoline with 20% ethanol by five years to 2025 after exceeding the aim of providing gasoline blended with 10% ethanol (10% ethanol, 90% petrol) earlier than expected in June of this year.
- The initial goal for adding 10% ethanol, made from sugarcane and other agricultural products to gasoline was November 2022.
CURRENT AFFAIRS: MOUS AND AGREEMENT
The government of Odisha signed an agreement with NIOT to protect its coastline:
- The National Institute of Ocean Technology (NIOT) in Chennai and the government of Odisha have signed a Memorandum of Understanding (MoU) to safeguard coastal regions from different natural disasters including floods, cyclones, soil erosion, high tide, etc.
- Every year, natural disasters strike the coastal regions of Odisha as a result of climate change.
- The program will have an impact on seven districts: Ganjam, Puri, Khordha, Kendrapada, Bhadrak, Baleswar, and Jagatsinghpur.
- This will help these districts to get technological knowledge and design from the NIOT, Chennai, for coastal area protection.
- The districts have already faced cyclones like Phailin, Hudhud, Titli, Amphan, Bulbul, Yash, Gulab, Jawad, etc., in the past years.
Paytm has partnered with Samsung authorized stores across India to facilitate smart payments:
- Leading digital payments and financial services, Paytm has partnered with Samsung authorized stores across India to facilitate smart payments as well as Paytm Postpaid (Buy Now, Pay Later) at their retail outlets through the deployment of PoS devices.
- With this partnership, Paytm will enable consumers to make digital payments seamlessly at Samsung Authorized stores spread across the country.
- Now, consumers purchasing Samsung devices from laptops, smartphones to television sets, smart watches, refrigerators, and more – from any authorized store in the country will be able to pay via a host of flexible payment options offered by Paytm including- Paytm UPI, Paytm Wallet, Paytm Postpaid and also all major debit cards, credit cards, and prepaid cards.
- Consumers can easily opt for Paytm Postpaid, which is offered in association with financial partners, and get a monthly credit limit of up to Rs 60,000.
- In addition to Paytm Postpaid, consumers can opt for low-cost personal loans up to Rs 2 lakh – offered by Paytm’s financial institution partners – to purchase goods.
CURRENT AFFAIRS: AWARDS AND HONOURS
UNESCO King Sejong Literacy Prize 2022:
- Kalinga Institute of Social Sciences, Bhubaneswar is one of the winners of the UNESCO King Sejong Literacy Prize 2022.
- Kalinga Institute of Social Sciences will be awarded for its ‘Mother Tongue Based Multilingual Education Programme’.
- Kalinga Institute of Social Sciences is the largest residential institute for Tribals in the world.
- It began as a residential tribal school in 1993 and became a deemed-to-be-university in 2017.
- UNESCO King Sejong Literacy Prize was first given in 1989.
- It is funded by the Government of the Republic of Korea.
- The winner receives a medal, a diploma, and US$20,000.
- It is given in honor of Sejong the Great who created the Korean alphabet Hangul.
Shiv Shankar Singh has been honored with the “Best CEO of the Year Award”:
- Shiv Shankar Singh, CEO of Gramin Vikas Trust (established by KRIBHCO of GoI) has been honored with the “Best CEO of the Year Award” by the Indian Achiever’s Forum.
- He was selected among a few from their respective fields and sectors for outstanding contributions to the progress and development of the Indian economy and society.
- He started his career as a research associate at G.B. Pant University of Agriculture & Technology in 1993.
- In 1995, he joined the National Tree Grower Cooperative Federation of the National Dairy Development Board in Rajasthan, where was also facilitated the process of wasteland management by organizing and strengthening tree grower cooperative societies.
- Indian Achievers Forum is an apex body that promotes and encourages commendable achievements from all over the country.
CURRENT AFFAIRS: RANKING AND INDEX
Razorpay has become the first Indian company to be named in the 2022 Forbes Cloud 100 List:
- Razorpay, India’s leading full-stack Payments and Banking Platform for Businesses have become the first Indian company to be named in the 2022 Forbes Cloud 100 List, the definitive ranking of the top 100 private cloud companies in the world.
- Published for the seventh time by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures, Razorpay has entered the list for the second time, being listed at the #49th position for being a Financial Solutions Software (last year Razorpay ranked 57th).
- This places Razorpay amongst world leaders such as Canva, DataBricks, and Airtable, to name a few.
- The Cloud 100 list recognizes standouts in the technology category from small startups to private-equity-backed giants.
- The evaluation process involved four factors: estimated valuation (30 percent), operating metrics (20 percent), people and culture (15 percent), and market leadership (35 percent), which the judging panel then weighed to select, score and rank the winners.
About Razorpay:
- Razorpay recently received the Payment Aggregator license from the Reserve Bank of India, making it one of the first few companies to receive the same.
- CEO: Harshil Mathur
- Founded: 2013.
CURRENT AFFAIRS: SPORTS NEWS
The Sultan Azlan Shah Cup 2022 will take place in Ipoh from November:
- The Sultan Azlan Shah Cup 2022, which is the premier men’s hockey tournament in Malaysia, will take place in Ipoh from November 16–25.
- After a two-year break, the occurrence is returning as a result of the Covid-19 pandemic.
- The tournament has invited the top-ranked team in the world, Australia, as well as Germany, India, New Zealand, and Canada.
- The Sultan Azlan Shah Cup will be contested in its entirety at the Azlan Shah Stadium in the Malaysian city of Ipoh, which serves as its permanent venue.
- The Azlan Shah tournament was last played in 2019 and was won for the third time by South Korea, who defeated India in the final.
- Surender Kumar won the competition’s best player award.
- Australia has won the Azlan Shah event the most (10 times), followed by India with 5 victories.
- South Korea and Pakistan each have three championships.
CURRENT AFFAIRS: OBITUARIES
Nicholas Evans, author of ‘The Horse Whisperer,’ passes away
- British writer Nicholas Evans, who authored the international best-selling novel “The Horse Whisperer”, Passed away at the age of 72.
About Nicholas Evans :
- Nicholas Benbow Evans was born in 1950 in Worcestershire, England.
- He was an English journalist, screenwriter, television and film producer, and novelist.
- His debut novel, ‘The Horse Whisperer’, published in 1995, was the bestselling novel in the United States for 1995 as determined to The New York Times.
- He worked as a journalist in the 1970s and went on to become a screenwriter and TV producer before writing his debut novel for “Murder by the Book,” “Act of Betrayal,” “Secret Weapon,” and “Just Like a Woman.”
- He also wrote the bestselling novels “The Loop” (1998), “The Smoke Jumper”(2001), “The Divide”(2005), and “The Brave” (2010).
Additional Info :
- The novel ‘The Horse Whisperer tells the story of a trainer hired to restore an injured teenager and her horse to health.
Daily CA on August 18:
- The first artificial cornea to be 3D printed in India was successfully implanted in a rabbit eye by researchers in Hyderabad.
- Ministry of Corporate Affairs has removed 4.33 lakh companies from the Register of Companies in the last five years.
- According to former RBI Governor D Subbarao, India may reach a USD five trillion economies by 2028–2029 assuming GDP growth is sustained at 9% annually for the following five years.
- To reduce its reliance on oil imports and address environmental concerns, India will begin delivering gasoline containing 20% ethanol at some gas stations starting in April of next year.
- The National Institute of Ocean Technology (NIOT) in Chennai and the government of Odisha have signed a Memorandum of Understanding (MoU) to safeguard coastal regions from different natural disasters including floods, cyclones, soil erosion, high tide, etc.
- Paytm has partnered with Samsung authorized stores across India to facilitate smart payments as well as Paytm Postpaid (Buy Now, Pay Later) at their retail outlets through the deployment of PoS devices.
- Kalinga Institute of Social Sciences, Bhubaneswar is one of the winners of the UNESCO King Sejong Literacy Prize 2022.
- Shiv Shankar Singh, CEO of Gramin Vikas Trust (established by KRIBHCO of GoI) has been honored with the “Best CEO of the Year Award” by the Indian Achiever’s Forum.
- Razorpay, India’s leading full-stack Payments and Banking Platform for Businesses have become the first Indian company to be named in the 2022 Forbes Cloud 100 List, the definitive ranking of the top 100 private cloud companies in the world.
- The Sultan Azlan Shah Cup 2022, which is the premier men’s hockey tournament in Malaysia, will take place in Ipoh from November 16–25.
- Asia’s largest Compressed Biogas (CBG) plant has been commissioned in the Sangrur district of Punjab, in a step to generate clear and inexperienced power.
- The Ministry of Home Affairs sanctioned approval for the creation of the Village Defense Guard Scheme (VDGS) 2022 in Jammu and Kashmir.
- The Rajasthan government has approved signing a Memorandum of Understanding (MoU) with Satluj Jal Vidyut Nigam Limited (SJVN Ltd) for developing 10,000 MW renewable energy projects.
- On the 75th anniversary of India’s independence, Karnataka Chief Minister Shri Basavaraj Bommai has launched new schemes on sanitation, nutrition, and the well-being of farmers, laborers, and brave soldiers.
- In a first of its kind, the Border Road Organization (BRO) is planning to construct a pilot road stretch on the Arunachal Pradesh border using steel slag.
- On the occasion of India’s 76th year of Independence, celebrated as Azadi Ka Amrit Mahotsav, the State Bank of India (SBI), introduced a unique term deposit program called ‘Utsav Deposit’.
- Build Your Dreams (BYD) India Private Limited, a subsidiary of the Warren Buffett-backed world’s leading New Energy Vehicle manufacturer BYD, has signed a Memorandum of Understanding (MoU) with the HDFC Bank towards a stock financing solution to its pan India dealer network.
- Yes, Bank has partnered with SellerApp, a seller-centric intelligence platform, to encourage the seller segment of its client base to adopt Open Network Digital Commerce (ONDC) and help them expand their digital commerce footprint.
- On the occasion of 75 years of Independence as Azadi Ka Amrit Mahotsav, the Karnataka Bank has introduced a new Term Deposit Scheme, KBL Amrit Samriddhi under Abhyudaya Cash Certificate (ACC) and Fixed Deposit (FD) for a tenure of 75 weeks (525 days).
- Union Minister of State (Independent Charge) Science and Technology, and Earth Sciences Shri Jitendra Singh has launched India’s first Saline Water Lantern Roshni which uses seawater to power LED lamps.
- Researchers from L V Prasad Eye Institute (LVPEI), Hyderabad, Indian Institute of Technology-Hyderabad (IIT-H), and the Centre for Cellular and Molecular Biology (CCMB) developed India’s first 3D-printed artificial Cornea & transplanted it into a rabbit’s eye.
- British writer Nicholas Evans, who authored the international best-selling novel “The Horse Whisperer”, Passed away at the age of 72.
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