Daily Current Affairs October 01 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

1st October: International Day of the Older Persons

• The International Day of Older Persons is celebrated on October 1 each year to increase awareness about the importance of ageing and promote the rights of older persons.
• The overall umbrella theme for the United Nations International Day of Older Persons in 2022 is “Resilience of Older Persons in a Changing World.”
• The International Day of Older Persons was declared by the UN General Assembly on December 14, 1990 (resolution 45/106).
• This was preceded by programs like the Vienna International Plan of Action on Aging, which was approved by the UN General Assembly and the World Assembly on Ageing in 1982.

1st October: International Coffee Day

• International Coffee Day is observed on October 1 every year to promote and celebrate coffee as a beverage.
• The day also aims to promote fair trade coffee and to raise awareness of the plight of coffee growers.
• The exact origin of International Coffee Day is unknown.
• An event was first promoted in Japan in 1983 by The All-Japan Coffee Association.
• In 2014, the International Coffee Organization decided to launch the first official International Coffee Day in Milan as part of Expo 2015.

CURRENT AFFAIRS: NATIONAL NEWS

Mr. Bhupender Yadav released a report on the 4th round of the quarterly employment survey:

• Labour & Employment Minister Bhupender Yadav released a report on the 4th round of the quarterly employment survey.
• The Fourth Round (January-March, 2022) of the Quarterly Employment Survey (QES) is part of the All India Quarterly Establishment-based Employment Survey (AQEES).
• The QES as a part of the AQEES was launched in April 2021.
• The report has estimated employment in both organized and unorganized segments of nine selected sectors.
• The estimated employment has increased from 3.14 crore in the third quarter (September-December, 2021) to 3.18 crore in the fourth quarter.
• The female workers’ participation has slightly increased from 31.6 percent in the third quarter to 31.8 percent in the 4th quarter report.
• The manufacturing sector accounts for 38.5 percent of the total number of workers, followed by the Education sector with 21.7%, the IT/BPO sector with 12%, and the Health sector with 10.6%.
• Around 80% of the establishments have 10 to 99 workers. Only 1.4 % of the establishments reported at least 500 workers.
• Female workers are about 52 % of the workforce in the Health sector.
• The 9 sectors are Manufacturing, Construction, Trade, Transport, Education, Health, Accommodation and Restaurants, IT/BPO, and Financial Service Activities.

Indian Railways is installing the ‘Real Time Train Information System (RTIS):

• Indian Railways has launched a real-time information system to track train movement timings.
• It has been developed in collaboration with ISRO.
• RTIS is automatically plotted on the control charts of trains in the Control Office Application (COA) system.
• Indian Railways has installed RTIS devices on 2,700 locomotives in 21 electric loco sheds.
• RTIS will update the location within 30 seconds.
• Also, RTIS can more closely track the location and speed of the locomotive/train without any human intervention.
• In the second phase, 6,000 more locomotives will be covered in 50 loco sheds using ISRO’s SATCOM hub.
• At present, the GPS feed from about 6,500 locomotives (RTIS and REMMLOT) is being fed directly to the Control Office Application (COA).

The Government of India has banned the Popular Front of India:

• The Government of India has banned the Popular Front of India(PFI), its affiliates, and associates.
• PFI has been banned as an unlawful association with instant effect for five years under the Unlawful Activities Act, 1967.
• The ban is also applicable to PFI fronts including Rehab India Foundation(RIF), All India Imams Council (AIIC), National Women’s Front, Empower India Foundation, Rehab Foundation, Kerala, Campus Front of India(CFI), National Confederation of Human Rights Organization(NCHRO), and Junior Front, as an “unlawful association”.
• According to the reports, the ban has been imposed against PFI and its affiliates for indulging in unlawful activities, which are prejudicial to the security, integrity, and sovereignty of the country.
• The ban has been imposed under section 4 of the UAPA and has the effect of five years.
• The government applied a ban, mentioning that the investigations have established clear linkages between the PFI and its associates.

Union Minister of Power and New & Renewable Energy launched the Agni Tattva – Energy for LiFE campaign:

• Recently, the Union Minister of Power and New & Renewable Energy launched the Agni Tattva – Energy for LiFE campaign, to create awareness of the core concept of Agni Tattva, an element that is synonymous with energy and is amongst the five elements of Panchmahabhoot.
• The Panchmahabhoot comprises Earth (Prithvi), Water (Jal), Fire (Agni), Air (Vayu), and Aether/ Space (Aakash).
• The idea of LiFE was introduced by India during the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow in 2021.
• The idea promotes an environmentally conscious lifestyle that focuses on ‘mindful and deliberate utilization’ instead of ‘mindless and wasteful consumption.
• The country’s installed Renewable Energy (RE) capacity stands at 150.54 GW (solar: 48.55 GW, wind: 40.03 GW, Small hydro Power: 4.83, Bio-power: 10.62, Large Hydro: 46.51 GW) as of 30th Nov. 2021 while its nuclear energy based installed electricity capacity stands at 6.78 GW.
• According to REN21’s Renewables 2022 Global Status Report (GSR 2022), India was ranked third in wind power, fourth in solar power, and third in renewable power installed capacity in 2021.

Union Cabinet approved a 4 % hike in dearness allowance (DA) for central government employees and pensioners:

• Union Cabinet has approved a 4% additional installment of Dearness Allowance and Dearness Relief to Central Government employees and pensioners with effect from July 1, 2022.
• The move will benefit about 41.85 lakh Central Government employees and 69.76 lakh, pensioners.
• The Central Government employees and pensioners will become entitled to a higher amount of Dearness Allowance (DA) and Dearness Relief (DR) respectively, with effect from July 1, 2022.
• Serving employees get DA and now its rate will go up to 38 percent from 34 percent.
• The new rate will be effective from July 1.
• As salary and pension for September have already been prepared, this means higher DA and DR along with arrears are likely to be part of the salary and pension for October.

Union Cabinet has approved the extension for the PMGKAY-Phase VII for a further period of 3 months:

• In pursuance of the pro-people announcement made by the Hon’ble Prime Minister in 2021and regarding the successful implementation of additional food security under PMGKAY, the Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase VII) for a further period of 3 months i.e. October to December 2022.
• Under this welfare scheme, 5 kg of food grain per person per month is provided free of cost for all the beneficiaries covered under the National Food Security Act (NFSA) [Antodaya Anna Yojana & Priority Households] including those covered under Direct Benefit Transfer (DBT).
• The financial implication for the Government of India has been about Rs. 3.45 Lakh Crore up to Phase-VI of PMGKAY.
• With the additional expenditure of about 44,762 Crore for Phase-VII of this scheme, the overall expenditure of PMGKAY will be about Rs. 3.91 lakh crore for all the phases.
• The PM-GKAY was one of the components of the government’s Rs 1.7 lakh crore Covid-19 relief package announced by Union Finance Minister Nirmala Sitharaman on March 26, 2020—two days after the country went into national lockdown.

The government of India will launch a month-long nationwide Clean India 2.0:

• The Department of Youth Affairs of the Ministry of Youth Affairs and Sports (Government of India) will launch a month-long nationwide Clean India 2.0 from 1st -31st October 2022 after the successful campaign of last year.
• The program is being organized in all the villages across the country through the network of Nehru Yuva Kendra Sangathan (NYKS), affiliated Youth Clubs & National Service Scheme Affiliated Institutions.
• This month-long nationwide program will be launched to collect waste material mainly single-use plastic and create awareness among people.
• One crore kilogram of waste material including plastic and e-waste will be collected and disposed of with the support and voluntary participation of citizens.
• Hotspots for waste collection will be Tourist Places, Educational Institutes, Bus Stand/Railway Stations and the vicinity, National Highways, Historical and heritage buildings, religious places & surroundings, Hospitals, and Water resources, etc.

Union Cabinet approved the Indian Railways’ ₹10,000 crore proposal for the redevelopment of three major stations:

• The Union Cabinet approved the Indian Railways’ ₹10,000 crore proposal for the redevelopment of three major stations — New Delhi, Ahmedabad, and Mumbai’s Chhatrapati Shivaji Maharaj Terminus (CSMT).
• With the redevelopment, expected to be completed in 2.5 to 3.5 years, passengers will be able to enjoy facilities such as a food court, waiting for lounge, a playing area for children, a place to shop local products, proper illumination, and lifts/escalators/travelators, among other facilities.
• The stations, which will make use of green building techniques with solar energy, water conservation/recycling, and improved tree cover, will be integrated with other modes of transportation such as the metro and bus.
• The government would be funding the redevelopment project to not put any extra monetary burden on passengers.
• Overall, the government is currently working on the redevelopment of 199 stations, of which tenders have been issued for the redevelopment of 47 stations.

CURRENT AFFAIRS: STATE NEWS

Odisha releases India’s first tribal community-based encyclopedia

• Odisha became the first state to publish an encyclopedia based on tribal communities.
• The Chief Minister of Odisha Shri Navin Patnaik released The “Encyclopedia of Tribes in Odisha”.
• Schedule Castes and Scheduled Tribes  Research and Training Institute (SCSTRTI) and Odisha State Tribal Museum published the encyclopedia.

Objective :

• To appraise the old and new, the past and the present cultural description of the tribal community.

Encyclopedia of Tribes in Odisha: Constituents

• The encyclopedia consists of 5 edited volumes.
• It has 418 research articles on the tribals, including 13 particularly vulnerable groups.
• The encyclopedia is of 3800 papers contributed by its research personnel.
• The available articles are by several research scholars and eminent anthropologists on distinct aspects of the tribes
• Tribes constitute  22.85% of the population in Odisha.

Note :

• Odisha is the third largest tribal populated state in India which has a total number of 62 tribal communities living in the state.

About Odisha :

• Governor: Ganeshi Lal
• Chief minister: Naveen Patnaik
• Capital: Bhubaneswar
• Dance : Odissi, Ghumara

UP CM inaugurates intersection named after Lata Mangeshkar in Ayodhya

• Uttar Pradesh Chief Minister Shri Yogi Adityanath inaugurated an intersection Lata Mangeshkar Chauraha named after legendary singer Lata Mangeshkar on the occasion of her 93rd birth anniversary in Ayodhya, UP.
• The intersection at the banks of the Saryu river has been developed at an estimated cost of Rs 7.9 crore.
• A 40-ft-long and 12-meter-high veena weighing 14 tonnes has been installed at the intersection.
• The giant veena has been made by Padma Shri awardee Ram Sutar, who took two months to make it.

About UP :

• Governor: Anandiben Patel
• Chief Minister: Yogi Adityanath
• Capital: Lucknow
• Dance : Khayal, Nautanki Naqal

CURRENT AFFAIRS: BANKING & FINANCE

DBS Bank India collaborates with HDFC ERGO and Atradius to provide a Trade Credit Insurance solution to Tata Metaliks

• DBS Bank India Limited (DBIL) has partnered in collaboration with HDFC ERGO General Insurance Co Ltd and reinsured by Atradius, a worldwide provider of trade credit insurance to provide a bespoke Credit Insurance – Accounts Receivable solution to Tata Metaliks Ltd (TML), a subsidiary of Tata Steel Limited.
• This credit insurance deal is amongst the first to leverage Trade Credit Insurance.
• The revised framework was rolled out by the Insurance Regulatory & Development Authority of India (IRDAI) in November 2021, allowing banks to participate in this proposition.
• DBS is one of the first movers in the Indian market, supporting financial transactions backed by Trade Credit Insurance.

About DBS Bank India :

• Headquarters: Mumbai, Maharashtra
• MD & CEO : Surojit Shome
• DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank. 

About HDFC ERGO General Insurance Company :

• Headquarters: Mumbai, Maharashtra, India
• MD: Mr. Ritesh Kumar
• HDFC ERGO General Insurance Company is a joint venture between HDFC Ltd. and ERGO International AG; the primary insurance entity of the Munich RE Group of Germany.

ICRA maintains India’s FY23 GDP growth forecast at 7.2%

• Rating agency ICRA has maintained its forecast of 7.2% growth in India’sGross Domestic Product (GDP) for the financial year FY23.
• According to ICRA, the growth will be aided by a revival in contact-intensive services owing to pent-up demand, and a back-ended pick-up in Government and private CAPEX.

Key Highlights :

• ICRA’s note highlighted that the Year over Year (YoY) performance of 12 of the 14 non-financial indicators (except ports cargo traffic and finished steel consumption) deterioration in July-August 2022 relative to Q1 FY2023, on account of the normalization of the base after the easing of the Covid 2.0 wave.
• In Q1FY23, India’s real GDP is estimated at ₹85 lakh crore, as against ₹32.46 lakh crore in Q1 2021-22, showing a growth rate of 13.5%. While the gross value added (GVA) growth stood at 12.7% in Q1FY23.

Muthoot Finance ties up with Lulu International Exchange for gold loan repayment

• Muthoot Finance, one of India’s largest gold loan Non-Banking Financial Company (NBFC) companies, has signed a Memorandum of Understanding (MoU) with Lulu International Exchange, one of the money exchange and transfer companies in the UAE, to work as its collection partner.

Aim :

• To drive convenience and ease of money transfer for over 4 lakh Non-Resident Indians (NRIs) in UAE whose relatives have availed gold loans back home

About the Partnership :

• The partnership will largely benefit customers and their relatives who have availed of gold loans by providing them with a way to pay their gold loan installments at special rates.
• NRIs can avail of the service at any of the 89 branches of Lulu Exchange spread across the UAE.
• The loan installment will be settled on a real-time basis with a nominal fee charged for the remit service.
• India is the world’s largest recipient of remittances and the share from the Gulf Cooperation Council (GCC) is higher in Kerala, Tamil Nadu, and Karnataka.

Note :

• CEO of LuLu Financial Group: Richard Wason

About Muthoot Finance :

• Founded: 1939
• Headquarters: Kochi, Kerala, India
• Managing Director: George Alexander Muthoot

World Bank downgrades growth for East Asia and Pacific to 3.2% in 2022

• The World Bank has downgraded growth for developing East Asia and the Pacific to 3.2% in 2022.
• The region’s growth is projected to slow this year from 7.2% in 2021, before accelerating to 4.6% in 2023.
• Rising inflation abroad has provoked interest rate increases, which in turn have caused capital outflows and currency depreciations in some East Asia and Pacific countries.

About World Bank :

• Established: December 1945
• Headquarters: Washington, D.C., United States
• President : David Malpass
• The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA).

 CURRENT AFFAIRS: ACQUISITIONS & MERGERS

Bank of India acquires over 5.5% stake in ONDC for Rs 10 crore

• State-owned lender, Bank of India, (BoI) has acquired over 5.56% stake in Open Network for Digital Commerce (ONDC) for Rs 10 crore.
• In absolute terms, it has acquired 10,00,000 equity shares for Rs 100 each in the to-be operational digital commerce company, incorporated in December 2021.
• The framework is expected to make e-commerce more inclusive and accessible to consumers and sellers.

About BoI :

• Founded: 7 September 1906
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO : Atanu Kumar Das
• Tagline: Relationship Beyond Banking

About ONDC :

• ONDC is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of GoI to develop open e-commerce.

Aim :

• To promote open networks for all aspects of the exchange of goods and services over digital or electronic networks in the country.

CURRENT AFFAIRS: RANKING AND REPORTS

Indian Tourism Statistics 2022 report has been released:

• Vice-President of India, Shri Jagdeep Dhankar, released the Indian Tourism Statistics 2022 report.
• The Vice-President also gave away the National Tourism Awards for 2018-19 with Uttarakhand, Maharashtra, and Telangana getting the top three places, respectively.
• The awards were given after a gap of two years due to the disruption caused by the Covid-19 pandemic.
• In 2020, 2.74 million foreign tourists visited India.
• In 2021, the number came down to 1.52 million.
• In 2021, the top 15 countries from which foreign tourists arrived in India included – the U.S., the U.K., Bangladesh, Canada, Nepal, Afghanistan, and Australia.
• However, the arrival of Non-Resident Indians (NRIs) has increased by 52.6% in 2021 as compared to 2020.
• In 2021, 8.55 million Indian nationals departed the country as compared to 7.29 million in 2020.
• The UAE was the top destination for Indians in 2021, followed by the U.S., Qatar, Oman, and the U.K.
• The Ministry of Tourism organized the National Tourism awards.
• A total of 81 awards were given away this year highlighting the achievements of the tourism industry in 2018-19.

Nikhil Kamath has topped the ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022:

• Stock trading platform Zerodha’s cofounder Nikhil Kamath has topped the ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’ with a net worth of Rs 17,500 crore.
• Ola cofounder Bhavish Agarwal came second with a wealth of Rs 11,700 crore.
• The annual list saw 15 new entrants, all of whom are startup founders
• Cofounder of Confluent, a streaming data technology company, Neha Narkhede at 37 is the youngest self-made woman entrepreneur in India while 19-year-old Kaivalya Vohra, the founder of quick commerce startup Zepto, is the youngest self-made entrepreneur on the list.
• With a wealth of Rs 11,200 crore, Divyank Turakhia of Media.net was ranked in third place in the rich list, followed by Nakul Aggarwal and Ritesh Arora of BrowserStack both at fourth with Rs 9,900 crore each.
• Ecommerce Flipkart’s Binny Bansal was sixth on the list with a wealth of Rs 8,100 crore.
• Alakh Pandey, and Prateek Boob, the cofounders of edtech unicorn Physics Wallah’ made their debut on the list and both are ranked at 11th position with a wealth of Rs 4,000 crore each.
• As per IIFL, 47 of the 53 entrepreneurs reside in India, while Bengaluru, called India’s silicon valley, housed the maximum (14) on the list.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Lt Gen Mr. Anil Chauhan appointed as the new Chief of Defence Staff

• Lieutenant (Lt) General Mr. Anil Chauhan (Retired), a known China expert who retired as the Eastern Army Command chief in May 2021 has been appointed as the next Chief of Defence Staff (CDS) of India 
• He will also function as Secretary Department of Military Affairs.
• The post of CDS was lying vacant since December 8, 2021, when the first CDS General Mr. Bipin Rawat was killed in a helicopter accident in Coonoor, Tamil Nadu.
• This is the first time a retired three-star officer (Lt-Gen, Air Marshal, Vice Admiral) will return to active service as a four-star officer like the Army, Navy, and IAF chiefs. 

Role of CDS :

• The CDS is responsible for joint planning for procurement, training, and staffing for the services.
• He is tasked with the facilitation of restructuring of military commands for optimal utilization of resources by bringing about joint efforts in operations through the establishment of theatre commands.
• He will be promoting the use of indigenous equipment by the services.

About Lt Gen Mr. Anil Chauhan :

• Lt Gen Mr. Chauhan Born on May 18, 1961, was commissioned into the 6th battalion of 11 Gorkha Rifles Regiment in
• He had also served on a United Nations mission to Angola.
• For his distinguished and illustrious service in the Army, Lt General Anil Chauhan (Retired) was awarded the Param Vishisht Seva Medal, Uttam Yudh Seva Medal, Ati Vishisht Seva Medal, Sena Medal, and Vishisht Seva Medal.
• Currently,  he is the military advisor to national security advisor Ajit Doval and the National Security Council Secretariat (NSCS).

Senior Advocate Mr. R Venkataramani Appointed As the New Attorney General of India

• The Law Ministry announced that Senior advocate R. Venkataramani has been appointed as the current & 16th Attorney General (AG) of India by President Droupadi Murmu for three years.
• Venkataramani will succeed Mr. K. K. Venugopal, whose term comes to end on September 30, 2022.
• His appointment comes just days after senior advocate Mukul Rohatgi declined the government’s offer to become the next AG.

About Mr. Venkataramani :

• Venkataramani was born in southern Puducherry state on April 13, 1950.
• He has a rich experience of over 40 years as a lawyer and he was also a former member of the Law Commission of India.
• He was enrolled in July 1977 in the Bar Council of Tamil Nadu and joined the chambers of the late senior advocate in SC P.P. Rao in 1979.
• He was designated as a senior advocate by the Supreme Court in 1997.
• He also served as a member of the Law Commission of India in 2010 and

About Attorney General for India :

• The Attorney General of India is the highest law officer in the country.
• The AG is the Indian government’s chief legal advisor and is its principal Advocate before the Supreme Court of India.
• The AG must be a person qualified to be appointed as a Judge of the Supreme Court.
• AG is appointed by the President of India at the instance of the Union Cabinet under Article 76(1) of the Constitution.

Government reshuffles IL&FS board; Mr. CS Rajan becomes non-executive chairman & Nand Kishore as MD

• The government has reshuffled the board of Infrastructure Leasing & Financial Services Limited (IL&FS), which is undergoing a debt resolution process, with existing board member C S Rajan being redesignated as the Non-Executive Chairman.
• Nand Kishore, who was serving as an executive director, has been made the Managing Director (MD).
• Currently, the board has five members, besides Rajan and Mr. Kishore, the directors are Mr. G C Chaturvedi, Ms. Malini Shankar, and Mr. N Srinivasan.
• The corporate affairs ministry superseded the board of IL&FS in October 2018.
• The sprawling financial services group has 347 entities under it and resolution has taken place for 246 entities after the ministry-appointed board started the resolution process.
• IL&FS’s new board & management had addressed a total debt of Rs 55,000 crore of its overall resolution estimate of Rs 61,000 crore.

About IL&FS :

• Founded: 1987
• Headquarters: Mumbai, Maharashtra, India

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

NavIC – India’s homegrown alternative to the GPS navigation system

• Navigation with Indian Constellation (NavIC) is an indigenously developed satellite navigation system of India which is developed by the Indian Space Research Organization (ISRO). 
• It is also known as the Indian Regional Navigation Satellite System or IRNSS.

About NavIC :

• NavIC was originally approved in 2006 at $174 million.
• NavIC consists of 8 satellites and covers the whole of India’s landmass and up to 1,500 km (930 miles) from its boundaries.
• Currently, NavIC’s use is limited & it is being used in public vehicle tracking in India, for providing emergency warning alerts to fishermen venturing into the deep sea where there is no terrestrial network connectivity, and for tracking and providing information related to natural disasters.
• Like GPS, there are three more navigation systems that have global coverage – Galileo from the European Union, Russia-owned GLONASS, and China’s Beidou.

QZSS, operated by Japan, is another regional navigation system covering the Asia-Oceania region, with a focus on Japan.

CURRENT AFFAIRS: BOOKS AND AUTHOR

Sunil Chhetri and his career have earned special recognition in the form of a series “Captain Fantastic

• Sunil Chhetri and his career have earned special recognition in the form of a series “Captain Fantastic”.
• Fifa had announced to release of a series based on the player’s life in a span of three episodes.
• The series about the life and career of Sunil Chhetri is available on FIFA+, its streaming platform.
• The series covers various unseen and unheard phases of a player’s life.
• His early teenage, his debut at the age of 20, his struggling days, and reaching heights as a football player.

About Sunil Chhetri:

• Sunil Chhetri began his career in 2002.
• Sunil Chhetri has also been named AIFF Player of the Year, seven times in 2007, 2011, 2013, 2014, 2018-19, and 2021-22.
• Chhetri was awarded Arjuna Award in 2011 for his outstanding sporting achievement.
• The player also received India’s fourth highest civilian award, the Padma Shri award in 2019.
• Sunil Chhetri became the first footballer to be honored with the Khel Ratna Award, India’s highest sporting honor.
• Sunil Chhetri was born on August 3, 1984.
• He is an Indian footballer who plays as a forward and captain for the Indian national team.
• Chhetri is the third-highest international goalscorer with 84 goals, behind Cristiano Ronaldo and Lionel Messi.

Daily CA on Oct 01 :

• The International Day of Older Persons is celebrated on October 1 each year to increase awareness about the importance of ageing and promote the rights of older persons.
• International Coffee Day is observed on October 1 every year to promote and celebrate coffee as a beverage.

• Labour & Employment Minister Bhupender Yadav released a report on the 4th round of the quarterly employment survey.
• Indian Railways has launched a real-time information system to track train movement timings.
• The Government of India has banned the Popular Front of India(PFI), its affiliates, and associates.
• Union Minister of Power and New & Renewable Energy launched the Agni Tattva – Energy for LiFE campaign, to create awareness of the core concept of Agni Tattva, an element that is synonymous with energy and is amongst the five elements of Panchmahabhoot.
• Union Cabinet has approved a 4% additional installment of Dearness Allowance and Dearness Relief to Central Government employees and pensioners with effect from July 1, 2022.
• Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phase VII) for a further period of 3 months i.e. October to December 2022 In pursuance of the pro-people announcement made by the Hon’ble Prime Minister in 2021and the successful implementation of additional food security under PMGKAY
• The Department of Youth Affairs of the Ministry of Youth Affairs and Sports (Government of India) will launch a month-long nationwide Clean India 2.0 from 1st -31st October 2022 after the successful campaign of last year.
• The Union Cabinet approved the Indian Railways’ ₹10,000 crore proposal for the redevelopment of three major stations — New Delhi, Ahmedabad, and Mumbai’s Chhatrapati Shivaji Maharaj Terminus (CSMT).
• Vice-President of India, Shri Jagdeep Dhankar, released the Indian Tourism Statistics 2022 report.
• Stock trading platform Zerodha’s cofounder Nikhil Kamath has topped the ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’ with a net worth of Rs 17,500 crore.
• Sunil Chhetri and his career have earned special recognition in the form of a series “Captain Fantastic”.
• Odisha became the first state to publish an encyclopedia based on tribal communities.
• Uttar Pradesh Chief Minister Shri Yogi Adityanath inaugurated an intersection Lata Mangeshkar Chauraha named after legendary singer Lata Mangeshkar on the occasion of her 93rd birth anniversary in Ayodhya, UP.
• DBS Bank India Limited (DBIL) has partnered in collaboration with HDFC ERGO General Insurance Co Ltd and reinsured by Atradius, a worldwide provider of trade credit insurance to provide a bespoke Credit Insurance – Accounts Receivable solution to Tata Metaliks Ltd (TML), a subsidiary of Tata Steel Limited.
• Rating agency ICRA has maintained its forecast of 7.2% growth in India’sGross Domestic Product (GDP) for the financial year FY23.
• Muthoot Finance, one of India’s largest gold loan Non-Banking Financial Company (NBFC) companies, has signed a Memorandum of Understanding (MoU) with Lulu International Exchange, one of the money exchange and transfer companies in the UAE, to work as its collection partner.
• The World Bank has downgraded growth for developing East Asia and the Pacific to 3.2% in 2022.
• State-owned lender, Bank of India, (BoI) has acquired over 5.56% stake in Open Network for Digital Commerce (ONDC) for Rs 10 crore.
• Lieutenant (Lt) General Mr. Anil Chauhan (Retired), a known China expert who retired as the Eastern Army Command chief in May 2021 has been appointed as the next Chief of Defence Staff (CDS) of India 
• The Law Ministry announced that Senior advocate R. Venkataramani has been appointed as the current & 16th Attorney General (AG) of India by President Droupadi Murmu for three years.
• The government has reshuffled the board of Infrastructure Leasing & Financial Services Limited (IL&FS), which is undergoing a debt resolution process, with existing board member C S Rajan being redesignated as the Non-Executive Chairman.
• Navigation with Indian Constellation (NavIC) is an indigenously developed satellite navigation system of India which is developed by the Indian Space Research Organization (ISRO).