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Table of Contents
NATIONAL AFFAIRS ........................................................................................................................................................... 7
CABINET APPROVALS ................................................................................................................................................. 7
PARLIAMENT NEWS ................................................................................................................................................. 18
LAUNCHES & INAUGURATION ................................................................................................................................. 20
FESTIVAL ................................................................................................................................................................... 36
OTHER NEWS ............................................................................................................................................................ 38
STATE NEWS .................................................................................................................................................................... 64
GOVT SCHEMES ............................................................................................................................................................... 73
INTERNATIONAL AFFAIRS ................................................................................................................................................ 77
VISITS............................................................................................................................................................................... 80
INDIAN VISITS ........................................................................................................................................................... 80
FOREIGN VISITS ........................................................................................................................................................ 83
BANKING & FINANCE NEWS............................................................................................................................................ 89
BANKING NEWS ........................................................................................................................................................ 89
RBI IN NEWS .............................................................................................................................................................. 89
LOANS ISSUED BY BANKS ........................................................................................................................................ 95
AGREEMENTS & MoUs SIGNED................................................................................................................................ 96
BANKING TECHNOLOGY ......................................................................................................................................... 107
OTHER BANK NEWS ............................................................................................................................................... 108
FINANCE NEWS ....................................................................................................................................................... 121
ECONOMY & BUSINESS NEWS ...................................................................................................................................... 127
MoU’s & AGREEMENTS ................................................................................................................................................. 134
COMMITTEES & MEETINGS ........................................................................................................................................... 153
SUMMITS, EVENTS & CONFERENCE .............................................................................................................................. 161
INDEX ............................................................................................................................................................................ 169
RANKING .................................................................................................................................................................. 169
REPORTS .................................................................................................................................................................. 175
AWARDS & RECOGNITIONS .......................................................................................................................................... 191
APPOINTMENTS & RESIGNATIONS ............................................................................................................................... 205
ACQUISITION & MERGERS ............................................................................................................................................ 222
Prime Minister Narendra Modi launches National Logistics Policy From New Delhi
On September 17, 2022, the Prime Minister (PM) of India, Narendra Modi launched the National Logistics
Policy (NLP) at Vigyan Bhawan, New Delhi (Delhi) that will act as a single point of reference for all logistics and
trade facilitation matters.
Israel embassy in India & Khushii Foundation launched women empowerment project ”Saaras”
in Ghaziabad
Israel embassy in India and Khushii Foundation launched a special project “Saaras” to promote women
empowerment, menstrual hygiene and awareness in Arthala, Ghaziabad, Uttar Pradesh(UP). The project was
inaugurated by Ambassador of Israel to India Naor Gilon.
• The project was launched in collaboration with accredited social health activists (ASHA) workers
from the Ghaziabad health department.
• Naor Gilon along with Anirudh Khaitan President Khushii also inaugurated a center with facilities to
produce eco-friendly cost-effective sanitary napkins. The manufacturing unit was established with
assistance from MASHAV, an Agency for International Development Cooperation in the Ministry of
Foreign Affairs of the State of Israel.
Delhi CM Arvind Kejriwal launches ‘First Virtual School’and claims country’s first of its kind
On 31st August 2022, Arvind Kejriwal, Chief Minister (CM) of Delhi launched the First Virtual School’- Delhi
Model Virtual School (DMVS), affiliated with the Delhi Board of School Education and claimed that this school
was a India’s First Virtual School.
• The virtual school system was initiated by the Aam Aadmi Party (AAP) government and aims to help
students who are unable to take physical classes.
• National Institute of Open Schooling (NIOS) denied the above claim and informed that the first
virtual school of the country was already launched by NIOS in August 2021.
Blue Energy Motors launched India’s 1st LNG-Fuelled green truck at Chakan, Pune
On 2nd September 2022, India’s 1st Liquified Natural Gas (LNG) Fuelled Green Truck manufacturing plant
has been launched by Blue Energy Motors at Chakan,
Pune,Maharashtra.
• Union Minister of Road Transport and
Highways, Nitin Gadkari inaugurated the
launched facility with an installed capacity to
make 10,000 of these trucks annually.
Key Highlights:
i.Blue Energy Motors signed an agreement already
with FPT (Fiat Powertrain Technologies) Industrial, a
brand of Iveco Group, headquartered in Italy, in order to
introduce the 1st LNG powered by FPT industrial
engines which are BS-VI compliant.
ii.The power for the truck was imposed by Iveco FPT, the global powertrain brand of Iveco Group. LNG will be
a great alternative to petrol and diesel at a time when they import more trucks
iii. Blue Energy Motors will produce LNG-fuelled, heavy-duty trucks at the facility with the 5,528 4×2
tractors as the first model to be rolled out of the plant.
iv.The aim of introducing this green truck revolution is to decarbonise the environment by providing an
immediate solution and breaking the barriers to economic returns.
Note: i. The FPT Industrial Engine is the most powerful natural gas engine in the market since it generates
high torque.
v.The Indian Government already making LNG and CNG (Compressed natural gas) from biomass in Maharastra,
Punjab, and Haryana.
Women in Engineering, Science, and Technology (WEST): A new I-STEM initiative Launched
On September 5, 2022, a new I-STEM (Indian Science Technology and Engineering facilities Map) initiative
called ‘Women in Engineering, Science, and Technology (WEST)’ was launched by Dr. Parvinder Maini,
Scientific Secretary, Office of the Principal Scientific Adviser (PSA) to the Government of India (GoI).
• This program will cater to women with a STEM background and empower them to contribute to the
science, technology, and innovation ecosystem.
What is I-STEM?
It is a national web portal for sharing research equipment/facilities and is the umbrella under which many
programs for promoting collaborations in R&D (Research & Development) and technological innovation among
Union Minister Ashwini Vaishnaw launches ‘Swachhta Pakhwada‘ across Ministries of Indian
Railways, MoC, & MeitY
Ashwini Vaishnaw, Union Minister for Railways has launched ‘Swachhta Pakhwada’ across Indian Railways,
Ministry of Communications (MoC), and Ministry of Electronics & Information Technology (MeitY) in New
Delhi, Delhi. Swachhta Pakhwada will be observed from 16th September 2022 to 30th September 2022.
• Ministry of Railways has extended it suo-moto up to 2nd October 2022. It will culminate with
Mahatma Gandhi’s Jayanti.
• During the inauguration, Swachhta pledge was administered by the Minister to Railway,
Communications and Electronics & Information Technology employees at Headquarters, Divisional
Offices and other related establishments.
• Its focus is Seva, Sushashan and Gareeb Kalyan.
Key Points:
i.The participating ministries in Swachhta Pakhwada will focus on an intensive cleanliness campaign, service
for TB (Tuberculosis) patients and Mega Blood Donation Drive.
ii.For 2022, special focus is on cleanliness and sanitization of stations, trains, tracks, colonies and other railway
establishments, and elimination of plastic waste in Railway premises.
iii.Extensive awareness campaign will be carried out through digital media/public announcement to educate
people about the use of bio-toilets, avoiding single use plastic and observing cleanliness habits.
Release of Annual report on environment sustainability 2020-21:
• The Union Minister also released Annual report on environment sustainability 2020-21 which is a
comprehensive referral document highlighting the steps taken by Indian Railways to promote green
environment and clean energy.
• Also its effort towards net zero emission including energy conservation measures, alternate fuel,
harnessing renewable energy, water conservation, afforestation, green certification of stations, solid
waste management etc.
About Swachhta Pakhwada:
It was started in 2016 with the objective of engaging Government Ministries/Departments in their
jurisdictions. The Ministries observing Swachhata Pakhwara are monitored closely using the online monitoring
system of Swachhata Samiksha where action plans, images, videos related to Swachhata activities are
uploaded and shared.
ICAR launches Hackathon 3.0 “KRITAGYA”, national level hackathon to promote speed
breeding for crop improvement
Indian Council of Agricultural Research (ICAR) with its National Agricultural Higher Education Project (NAHEP)
and Crop Science Division of ICAR organised Hackathon 3.0 “KRITAGYA”, a national-level hackathon‘ on
promoting ‘Speed Breeding for Crop Improvement’. This also aims to encourage greater adoption of
technology-enabled solutions in the field of crop science.
The registration for the event is open till 26 September 2022 https://nahep.icar.gov.in/Kritagya.aspx
About ‘Kritagya Hackathon 3.0:’:
i.The definition of KRITAGYA is: KRI -Krishi meaning Agriculture, TA- Taknik meaning Technology
and GYA- Gyan meaning Knowledge.
• The programme is in line with National Education Policy (NEP) 2020.
ii.In this competition, students, faculty and innovators, entrepreneurs from any university/technical institute
across India can apply and participate as a group.
• The participating group shall consist of maximum four participants, with not more than one faculty
and/or more than one innovator or entrepreneur.
• Participating students can collaborate with local start-ups, students from technology institutes and
can win up-to Rs 5 lakh.
iii.It will provide opportunity to students, faculties, entrepreneurs, innovators and others to showcase
innovative approaches and technology solutions to promote innovation for crop improvement.
iv.Hackathon 1.0 & 2.0:
Hackathons 1.0 and 2.0 were organized to promote innovation in farm mechanization and animal science
during the years 2020-21 and 2021-22 respectively.
• The hackathons were organized by NAHEP in association with Agricultural Engineering and Animal
Science Divisions of ICAR.
MoRT&H Unveils First Prototype of Drone for Human Organ Transport; DCGI Approves 1st
Intranasal Vaccine for Covid-19
Union Minister for Road Transport and Highways (MoRT&H) Nitin Gadkari unveiled India’s first prototype
of drone transportation of human organs to facilitate quick organ transplant in hospitals.
• Chennai-based MGM Healthcare co-developed a drone technology capable of carrying organs up to
a distance of 20 km initially.
Key highlights:
i.The other projects such as road infrastructure projects like the Bharatmala Pariyojana, a new umbrella
programme for highways sector, will also help in the transportation of organs across India.
ii.Fact – Until now, the MGM Healthcare has treated over 350 ECMO patients which is the highest in India and
the team had also performed over 100 paediatric transplants and over 4,600 interventional cases, free of cost
in association with Aishwarya Trust, ‘Caring for Little Hearts’ and completed over 220 procedures under the
Tamil Nadu Chief Minister’s scheme.
DCGI Approves India’s First Intranasal Covid-19 Vaccine by Bharat Biotech
On 8th September 2022 Drug Controller General of India (DCGI), the Indian drug regulatory authority
approved First intranasal vaccine shot, iNCOVACC (also known as BBV154) by Bharat Biotech Internatinal
Limited against Covid-19 for primary immunisation for the 18-plus population.
Highlights:
i.The vaccine, iNCOVACC can be used as a primary dose for the non-vaccinated and also as a booster dose for
people who had completed vaccination with 2 doses of Covishield or Covaxin.
• Note – More than 86 crore Indians have received 2 doses of the Covid-19 vaccines and the third
shot remains low with just about 17 crore population.
ii.This vaccine was developed in partnership with Washington University School of Medicine in St. Louis,
United States (US) which had designed and developed the recombinant adenoviral vectored constructs and
evaluated them in preclinical studies for efficacy.
iii.Bharat Biotech conducted the preclinical safety evaluation, manufacturing scale up, formulation and delivery
device development along with human clinical trials.
About iNCOVACC:
i.The intranasal vaccine, iNCOVACC produces local antibodies in the upper respiratory tract that reduces the
infection and transmission of Covid-19 with great potential.
ii.The new vaccine enables faster development of variant specific vaccines and also the easy nasal delivery
enables mass immunisation to protect from emerging variants of concern.
iii.This vaccine can be stable at 2-8 degrees Celsius which is easy for storage and distribution.
Note – The Central Drugs Standard Control Organisation (CDSCO) has granted permission to conduct a phase-3
clinical trial, which will be conducted in almost 9 sites.
DA&FW & FICCI Launches a Joint Initiative to Attract PPP Projects in Agriculture
Union Minister Narendra Singh Tomar, Ministry of Agriculture and Farmers Welfare (MoA&FW), launched
the Project Management Unit (PMU) on Public-Private Partnership (PPP) in Agriculture in New Delhi,
Delhi.
• The PMU is a joint initiative of the Department of Agriculture and Farmers Welfare (DA&FW),
MOA&FW, and the Federation of Indian Chambers of Commerce and Industry (FICCI).
• It will accelerate large-scale PPP projects in agriculture by harnessing private sector investments and
integrating government schemes and subsidies.
ECI Releases ‘BLO E-Patrika‘ to Establish Direct Communication with Booth Level Officers
The Election Commission of India (ECI) launched a new digital publication, ‘BLO e-Patrika‘, at a first-of-its-
kind direct interactive session with Booth Level Officers (BLOs) from across India at the India Habitat Centre in
New Delhi, Delhi.
• The bimonthly “BLO E-Patrika” is being introduced with the goal of ensuring a cascading
information model for a more informed and committed BLO.
• The magazine will be available in English, Hindi and regional languages.
Roles & Responsibilities of BLOs
i.A BLO is a Local Government/Semi-Government official who is familiar with the local electorate and is
typically a voter in the same polling area.
• The institution of BLO was established by the ECI in 2006.
ii.A BLO serves as a ECI representative at the grass-root level and is essential to the roll revision process as well
as the collection of actual field data.
‘BLO E-Patrika’
i.The Patrika serves as a 3-way communication tool, allowing ECI to give instructions at the ground level, share
feedback and success stories, and encourage learning of interstate best practices.
ii.The themes of the e-Patrika will include Electronic Voting Machine (EVM)-Voter Verifiable Paper Audit Trail
(VVPAT) training, IT applications, Special Summary Revision, Minimum SVEEP (Systematic Voters’ Education
and Electoral Participation) Activities at polling booths, Postal Ballot Facilities, Accessible Elections, Electoral
Literacy Clubs, unique voter awareness activities, and National Voters’ Day.
Note: Chief Election Commissioner (CEC) of India – Rajiv Kumar
MoEFCC, UNDP & TERI come together to launch GEF Small Grants Programme
The Ministry of Environment, Forest and Climate Change (MoEFCC), the United Nations Development
Programme (UNDP) and the Energy and Resources Institute (TERI) jointly collaborated to launch the “Global
Environment Facility Small Grants Programme (GEF-SGP)”.
• The programme provides financial and technical support to projects that conserve and restore the
environment while enhancing the lives of local communities.
• The year 2022 marks the 7th operational phase of the programme.
Objective:
The programme aims to study and work on the themes of biodiversity, climate change and land degradation
through NGOs (Non-Governmental Organisations).
Key points:
i.Under the programme, grants are provided to NGOs working in particular landscapes.
• Virudhunagar & Ramanathapuram are selected as two districts representing the Indian coastal
region in Tamil Nadu.
ii.TERI hosted a regional inception workshop for various NGOs to give suggestions about the protection of
coastal regions due to climate change.
• It also included a session that discussed the alignment of SGP with state-level policies and
interventions by the State government and private institutions.
iii.In consultation with UNDP and the MoEFCC, SGP will release a request for proposal which will contain
guidelines regarding a working plan of action.
iv.NGOs can choose different levels of grants, the highest is at USD 50,000.
• The applications are reviewed by regional advisory committees before being passed onto the
National Steering Committee.
About Global Environment Facility Small Grants Programme (GEF-SGP):
i.It was launched in 1992, which is also the year of the Rio Earth Summit.The Program is specifically designed
to mobilize bottom-up actions by empowering local civil society organizations, and poor and vulnerable
communities, including women and Indigenous Peoples.
ii.It finances community-led initiatives to address global environmental issues.
iii.It is currently implemented by UNDP on behalf of the GEF partnership.
Central Government approves New CZMP in Karnataka; Laid Foundation worth Rs 3,800 crore
in Mangaluru
On September 2, 2022, the Prime Minister (PM) of India Narendra Modi laid the foundation for 8 projects worth
Rs 3,800 crore at Goldfinch city in Mangaluru (Karnataka), and approved the State’s revised Coastal Zone
Management Plan (CZMP).
• Karnataka is the first state in southern India and only the second state (after Goa) in India to get
the CZMP prepared and approved as per the 2019 Coastal Regulatory Zone (CRZ) notification which
has been approved by the Ministry of Environment, Forest and Climate Change (MoEF&CC).
• This Plan will boost the economy and tourism in the coastal region of Karnataka.
Following are the Rs 3,800 crore projects that were inaugurated/laid by the PM at Goldfinch city in Mangaluru:
i.Project worth over Rs 280 crore for mechanization of Berth No. 14 for handling containers and other cargo,
undertaken by the New Mangalore Port Authority was inaugurated.
• Phase I of the project has been successfully completed, thereby adding over 4.2 MTPA (million
tonnes per annum) to the handling capacity, which will further increase to over 6 MTPA by 2025.
ii.Foundation stone of five projects worth around Rs 1000 crore, undertaken by the Port were laid including
integrated LPG (Liquefied Petroleum Gas) and Bulk Liquid POL Facility, equipped with a state-of-the-art
cryogenic LPG storage tank terminal which will be capable of unloading full load VLGC (very large gas carriers)
of 45,000 tonnes in a highly efficient manner.
• The facility will bolster Pradhan Mantri Ujjwala Yojana (PMUY) in the region while reinforcing the
port’s status as one of the top LPG importing ports in the country.
iii.PM also laid the foundation stone of projects for the construction of storage tanks and edible oil refinery,
construction of bitumen storage and allied facilities and construction of bitumen & edible oil storage and allied
facilities.
iv.Foundation stone for the development of the Fishing Harbour at Kulai was also laid, which will facilitate safe
handling of fish catch and enable better prices in the global market.
v.Inaugurated two projects undertaken by Mangalore Refinery and Petrochemicals Limited viz. BS VI
Upgradation Project, and Sea Water Desalination Plant was also done.
PM inaugurates ‘Kartavya Path’ and unveils the statue of Netaji Subhas Chandra Bose at India
Gate
On September 8, 2022, the Prime Minister (PM) of India Narendra Modi inaugurated ‘Kartavya Path’, a
redeveloped two kilometre stretch from India Gate to Rashtrapati Bhavan through Vijay Chowk in New Delhi
(Delhi). It was earlier known as Rajpath (Kingsway), which was a ‘symbol of slavery’. Now, the name Kartavya
Path symbolizes ‘public ownership and empowerment’.
• Shapoorji Pallonji and Company Limited executed the redevelopment of the entire stretch from Vijay
Chowk to India Gate with an outlay of Rs 477 crore.
It should be noted that Kartavya Path is the first of the Rs 13,450-crore Central Vista Projects to be completed.
Under Central Vista Projects, there will be a new Parliament building, new office and residences for the Prime
Minister and Vice-President and new ministry buildings. The North and South Blocks, the secretariat buildings
flanking Rashtrapati Bhavan, will be converted into museums.
Unveiling of statue of Netaji Subhas Chandra Bose
PM also unveiled the statue of Netaji Subhas Chandra Bose under the canopy at India Gate that during British
rule had a statue of King George V. The statue is also a part of the Central Government’s Central Vista project.
Features:
i.It is a jet-black granite statue of Netaji Subhas Chandra Bose, measuring a total of 28 ft and weighing 65 MT.
Bihar CM Inaugurates India’s Longest Rubber Dam on Falgu river – Gayaji Dam
On 15th September 2022, Bihar Chief Minister (CM) Nitish Kumar inaugurated India’s longest rubber
dam ‘Gayaji Dam’ on the Falgu (or Phalgu) river, near Vishnupad temple in Gaya, Bihar.
• A steel foot over bridge for the visitors who visit during Pitripaksha Mela was also inaugurated.
About the dam:
i.The newly constructed rubber dam is 411 metres long, 95.5 metres wide and 3 metres high with 17 mm thick
rubber and the water could be stored for about 2 and a half kilometres (km).
• The dam has a bulletproof structure with rubber sheets laid at the bottom that does not allow it to
deteriorate for almost 100 years.
ii.The Dam was constructed by Rubina Company of Austria in collaboration with Nagarjuna Construction
Company of Hyderabad and on the advice of experts from Indian Institute of Technology (IIT), Roorkee
(Uttarakhand) at an estimated cost of Rs. 324 crore.
iii.Background – The foundation stone for the dam was laid in September 2020 by CM Nitish Kumar.
About Falgu (or Phalgu) River
i.Falgu River originates in the Palamu district of Jharkhand and passes through the holy city of Gaya in Bihar.
ii.This river is about 135 km that originates near Gaya at the confluence of Lilajan River (Jharkhand & Bihar)
and Mohana River (Jharkhand & Bihar) and in the end joins Punpun River, Bihar.
CJI U U Lalit inaugurates NALSA’s Centre for Citizen Services in New Delhi
On 13th September 2022, the National Legal Services Authority (NALSA) centre for citizen services has been
inaugurated by Chief Justice of India (CJI) Uday Umesh Lalit at Jaisalmer house in New Delhi.
• NALSA received the space at Jaisalmer House to utilise the establishment of the Legal Assistance
Centre for Citizens, Legal Assistance Centre for NRIs (Non-resident Indian), Training Centre, and
Digital Command Centre for providing legal services across the country.
• NALSA has been constituted under the Legal Services Authorities Act, 1987 (Article 39A)
• The purpose of this act is to provide free legal aid to the weaker sections of society and conduct Lok
Adalats for the quick resolution of cases.
• On 9th November 2021, the NALSA office which was placed in Jamnagar House shifted to the
Additional Building Complex of the Supreme Court of India.
FESTIVAL
50th All Manipur Shumang Leela Festival 2021-2022 Began in Imphal
The 50th All Manipur Shumang Leela Festival 2021-2022 began at Iboyaima Shumang Leela Shanglen in
Palace Compound in Imphal, Manipur’s capital. During the inaugural ceremony, La Ganesan, Governor of
Manipur, presented medals to the winners of the 49th All Manipur Shumang Leela Festival 2020-21 at the
festival.
• Shumang Leela is a traditional form of theatre in Manipur, which is performed by either all-female
or all-male performers. [Shumang means courtyard and Leela means play].
• In the case of the former, female artists play the male characters, and in the case of the latter, male
artists play the female roles.
UNESCO Global Network of Learning Cities 2022: Thrissur & Nilambur in Kerala and Warangal
in Telangana Become the First Entrants from India
The Indian cities of Nilambur & Thrissur in Kerala and Warangal in Telangana, have earned recognition
from the United Nations Educational, Scientific, and Cultural Organization (UNESCO) after becoming India’s
first entrants into the UNESCO Global Network of Learning Cities (GNLC).
• The UNESCO GNLC is an international policy-oriented network providing inspiration, know-how and
best practice.
• The UNESCO GNLC has honoured 77 cities from 44 countries in 2022 in recognition of their
outstanding work to make lifelong learning a reality for all at the local level.The 77 new members
bring the total number of cities within the UNESCO GNLC to 294 in 76 countries
• Other cities that have joined the network are the Ukrainian capital Kyiv, Durban in South Africa and
Sharjah in the United Arab Emirates among others.
Highlights of Indian Cities That Have Joined UNESCO GNLC
Thrissur: The Cultural Capital of Kerala
Thrissur, Kerala’s cultural capital, is home to academic and research institutes and is well-known for its gold
and jewellery sectors.
Department of Pharmaceuticals approves the proposal of HP, Gujarat and AP for setting up Bulk Drug
Parks
On September 1, 2022, the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers (MoC&F)
granted in-principle approval to the proposals of three states viz. Himachal Pradesh (HP), Gujarat, and Andhra
Pradesh (AP) under the scheme for ‘Promotion of Bulk Drug Parks (BDPs)‘ to support the Bulk Drugs
manufacturing in India.
• The financial assistance to the proposed Bulk Drug Park (BDP) in Gujarat and Andhra Pradesh will
be 70% of the project cost of common infrastructure facilities.
• For HP, being Hilly States, financial assistance will be 90% of the project cost.
• Maximum assistance under the scheme for one Bulk Drug Park is limited to Rs.1000 crores.
Area providing by states for BDPs:
As per the proposals submitted by these States, the BDP will be established in 1402.44 acres of land at
Tehsil Haroli, District Una, HP; 2015.02 acres of land at Tehsil Jambusar, District Bharuch, Gujarat; and 2000.45
acres of land at K.P. Puram & Kodhada of Thondagi Mandal of East Godavari District, AP.
Digital India Mission: UP Tops in Disposal & Entry of Cases Via E-Prosecution Portal
According to data collected till August 2022, Uttar Pradesh (UP), with 9.12 million cases, holds the top spot in
terms of the number of cases entered and disposed through the E-Prosecution Portal, which is administered
by the Government of India (GoI) as part of its Digital India Mission.
Key Points:
i.In terms of number of the cases entered, Madhya Pradesh (MP) came in second place with 2.31 million cases,
followed by Bihar with 859,000 cases, Gujarat with 487,000 cases, and Chhattisgarh with 383,000 cases.
ii.With around 470,000 entries, UP surpasses all other states in the online case disposal on this portal,
followed by MP with 170,000 cases and Gujarat with 125,000 cases.
iii.According to the latest data from the National Crime Records Bureau (NCRB), UP also takes the top spot
for convictions for crimes against women, cybercrime cases, convicts found guilty of offences under the Indian
Penal Code (IPC), and illegal firearm seizures.
E-Prosecution Portal
i.The E-Prosecution Portal is a joint initiative of the Ministry of Home Affairs (MHA), Ministry of Electronics and
Information Technology (MeitY) and Ministry of Law and Justice.
• It was launched by Indian states in 2020 to support courts and the prosecution system in speeding
criminal trials in heinous crimes.
ii.The portal enables e-communication between the police department and the prosecution directorate under
the Inter-Operable Criminal Justice System (ICJS).
• The ICJS permits the transfer of data between courts, police, jails, and forensic science laboratories.
iii.Under the system, officials ensure that witnesses are notified through SMS of their court appearance date;
approach the relevant government advocates; and assist in the timely disposal of cases, with the complete case
database tailored to aid prosecution.
IILM University Launches 1st NEP 2020 Compliant Law School in India
Institute of Integrated Learning in Management (IILM) University, Greater Noida, Uttar Pradesh(UP)
launched the first National Education Policy 2020 (NEP 2020) Complaint Law School in India with an aim to
elevate the legal education system of India.
• The IILM Law School, known for its state-of-the-art infrastructure, has been launched with the
approval of the UP Government and the recognition of the Bar Council of India (BCI).
• The school also has a Legal Aid and Advice Centre as required by the Constitution of India, the
Legal Services Authorities Act, 1987 and the multiple directives of the Supreme Court of India.
GoI set to rename Delhi’s Rajpath & Central Vista lawns as ‘Kartavya path’
The Government of India(GoI) is set to rename the historic “Rajpath” and “Central Vista lawns” in New Delhi,
Delhi as ‘Kartavya Path’ (Path of Duty). The road and area from the Netaji statue at India Gate to the
Rashtrapati Bhavan will be known as the Kartavya path.
• During British rule, Rajpath was known as ‘Kingsway’, named after King George V and following the
independence of India, it was renamed “Rajpath” – Hindi translation of Kingsway.
• The New Delhi Municipal Council (NDMC) convened a special meeting on 7th September 2022 to
discuss the renaming of Rajpath and Central Vista lawns as Kartavyapath.
Empowered Committee of NITI Aayog Approves First-Ever Disbursement Under the PLI
Scheme for Large-Scale Electronics Manufacturing
An Empowered Committee chaired by Parameswaran Iyer, CEO of NITI Aayog (National Institution for
Transforming India), has approved 32 beneficiaries under the Production Linked Incentive (PLI)
scheme for ‘Large-Scale Electronics Manufacturing.’
• It is the first disbursement under any PLI scheme, and 10 of the 32 beneficiaries (5 global and 5
domestic) were approved for mobile manufacturing.
• The proposal for disbursement of incentive was made by the Ministry of Electronics and Information
Technology (MeitY).
Key Points
i.Padget Electronics Private Limited in Noida, Uttar Pradesh, is the first beneficiary approved by the
Empowered Committee.
• It is designated to receive a Rs. 53.28 crore incentive under mobile manufacturing based on its
incremental investment and sales figures for FY 2021-22.
• Padget Electronics Pvt. Ltd. is a wholly owned subsidiary of Dixon Technologies Pvt. Ltd.
ii.By 2025-26, electronics manufacturing is estimated to reach USD 300 billion.
Production Linked Incentive (PLI) Scheme
Union Finance Minister announced an outlay of Rs. 1.97 lakh crores for the PLI Schemes for 13 key sectors in
the Union Budget 2021–22.
• Objective: To make domestic manufacturing globally competitive and to create domestic
Champions in manufacturing.
It intends to provide companies with incentives on increased sales of goods manufactured in India.
PLI Scheme for Large Scale Electronics Manufacturing
i.The PLI scheme for Large-Scale Electronic Manufacturing, with a total outlay of Rs. 38,645 crores, was
approved on April 1, 2020.
• Objective: To increase domestic manufacturing and draw significant investment into the production
of specific electronic components and mobile phones.
ii.The scheme will provide eligible companies with a 4% to 6% incentive on incremental sales (over the base
year).
• It extends to items manufactured in India and covered by target segments for a period of 5 years
following the defined base year.
iii.The scheme certified 16 companies (5 global companies under the category of mobile phones (Invoice Value
Rs. 15,000 and above), 5 domestic companies, and 6 companies under Specified Electronic Components).
iv.First Round of PLI Scheme: Target segment – Mobile Phone & Electronic Component Manufacturing
v. Second Round of the PLI Scheme:
• Target segment – Specified Electronic Components
• Incentives: 5% to 3%
Agnikul Cosmos gets patent for Single Piece 3D-printed rocket engine
Agnikul Cosmos, Chennai based space technology start-up secured its first patent for the design and
manufacturing of its Single Piece 3D printed rocket engine. The patent was offered to Agnikul Cosmos under
the Government of India(GoI)’s patent database, for its Agnilet rocket engine, world’s 1st single-piece 3D
printed rocket engine fully designed and manufactured in India.
• Agnilet was designed in such a manner to encapsulate 1000’s of parts into just one piece of hardware
and has zero assembled parts.
Kibithu military station & Road in Arunachal Pradesh named after India’s first CDS Gen Bipin
Rawat
The military camp in Kibithu, Arunachal Pradesh and the 22 Km-road stretch from Walong to Kibithu have
been named in honour of General Bipin Rawat, India’s first Chief of Defence Staff (CDS), who was killed in a
chopper crash in December 2021.
• The military camp in Kibithu has been renamed as ‘Gen Bipin Rawat military garrison’ and the
road was named as “Gen. Bipin Rawat Marg”. The road was dedicated by Pema Kandu, Chief
Minister(CM) of Arunachal Pradesh.
• Brig D. B. Mishra (Retd), Governor of Arunachal Pradesh inaugurated a gate built in local traditional
architectural style and unveiled a life-size mural of Gen Bipin Rawat.
Padmaja Naidu Himalayan Zoological Park of Darjeeling became best zoo in India
The Padmaja Naidu Himalayan Zoological Park (PNHZP) in Darjeeling, West Bengal has been recognized as
the best zoo in India. Arignar Anna Zoological Park in Chennai, Tamil Nadu has secured the 2nd position,
followed by the Sri Chamarajendra Zoological Gardens in Mysore, Karnataka.
• A zoo directors conference was held in Bhubaneswar, Odisha, where the Central Zoo Authority
released the ranking list.
• Darjeeling zoo was given the highest percentage of 83 under evaluation.
• Kolkata’s Alipore Zoological Garden has secured the fourth position.
Key highlights:
The Central Zoo Authority evaluated a total of around 150 zoo under various parameters such as management
& effectiveness and marks were given accordingly.
About Padmaja Naidu Himalayan Zoological Park (PNHZP):
The PNHZP was established on 14th August 1958 and is internationally recognised for its breeding and
conservation programmes of endangered animal species of the eastern Himalayas.
• The Red Panda is one of the main attractions of PNHZP, besides other animals such as the
Himalayan Black Bear, Snow Leopard, Goral and Himalayan Thar.
Delhi Police become the first police force in India to make forensic probe mandatory
Delhi Police has become the first police force in India to make collection of forensic evidence mandatory in
crimes punishable by more than six years.
i.AIM: To boost the conviction rate and integrate the criminal justice system with forensic science investigation.
ii.The order was created to provide guidelines for the use of forensic tools by all Investigating Officers of the
Delhi Police in offences carrying a sentence of more than six years.
iii.According to the order, each district of the Delhi Police will also have access to one forensic mobile
van, which will be used to provide investigation officers with on-the-spot scientific and forensic support as
needed.
IIT-Madras becomes 1st Indian institution to join NY-Based IBM Quantum Network
On 12th September 2022, the Indian Institute of Technology-Madras (IIT-M), Chennai, Tamil Nadu, has become
the 1st Indian educational institution to join the New York (NY)-based International Business Machines (IBM)
Quantum Network to promote and advance quantum computing skills development and research in India.
• IIT-M is to join a network total of 180 global members in the IBM Quantum Network.
Key Highlights:
i. The members of IBM Quantum Network include a community of Fortune 500 companies, start-ups, academic
institutions, and research labs. The network includes about 53 academic institutes from across the world.
ii. The Centre for Quantum Information, Communication and Computing (CQuICC) at IIT-M aims to advance
core algorithms in research areas like Quantum Machine Learning, Quantum Optimisation, and Applications
research in Finance.
iii. IIT-M will use IBM Quantum services alongside the open-source Qiskit framework to explore areas like
quantum algorithms, quantum error correction and error mitigation, etc, to advance and enlarge the quantum
computing ecosystem.
India to hold G20 Presidency for 1 year Starting from December 2022
India will assume the Presidency of the Group of Twenty (G20) for a span of 1 year with effect from December
1, 2022, to November 30, 2023. Under G20 Presidency, India expects to host more than 200 G20
meetings across the country, beginning in December 2022.
• India will host the G20 Leaders’ Summit in New Delhi on 09 and 10 September 2023.
• The G20 is an intergovernmental forum (IGF) of the world’s major developed and developing
economies which comprises 19 countries and the European Union (EU).
• G20 considers 85% of global Gross domestic product (GDP), 75% of international trade, and two-
thirds of the world population to make a major platform for international economic cooperation.
• Currently, India is a part of the G20 Troika (current, previous and incoming G20 Presidencies)
comprising Indonesia, Italy and India. During our Presidency, India, Indonesia and Brazil would
form the troika.
First Inter-Modal Digital TIR-Based Transport Flags off from India to Iran
The first inter-modal digital Transports Internationaux Routiers’ or International Road Transports (TIR)-
based pilot transport along the International North-South Transport Corridor (INSTC) corridor
SOVA Android Trojan: New mobile banking malware prowling in Indian cyberspace
A new type of mobile banking malware campaign called SOVA Android Trojan(SOVA – owl in Russian) has now
reached India.This malware encrypts an Android phone for ransom and is hard to uninstall.It has the ability to
harvest user names and passwords via keylogging, stealing cookies and adding false overlays to a range of
famous apps.
• SOVA is essentially a banking malware but is capable of distributed denial-of-service (DDoS) and
man-in-the-middle (MITM) attacks.
• CERT-In (the Indian Computer Emergency Response Team) has issued an advisory for SOVA
malware to be active in India.
• The new Trojan virus was focused on the United States (US), Russia, and Spain. From July 2022 to
the list of targets, it added several other countries which includes India.
• This virus’ 1st version appeared for sale in underground markets in September 2021. After it was
first detected in Indian cyberspace in July, it was found that the virus has been upgraded to
its 5th version.
76 start-ups onboarded under the ‘India Water Pitch-Pilot-Scale Start-Up Challenge’ by MoHUA
The Ministry of Housing & Urban Affairs (MoHUA) has onboarded 76 start-ups under the ‘India Water Pitch-
Pilot-Scale Start-Up Challenge’ at an event in New Delhi, Delhi.
• The shortlisted start-ups will be provided financial support of up to Rs20 lakh each to work in the
fields of water supply, used water management, water body rejuvenation and groundwater
management etc.
BSF to deploy 1st Female Camel Riding Squad along India-Pakistan border in Rajasthan &
Gujarat
The Border Security Force (BSF)’s first female camel riding squad will be deployed along the India-Pakistan
border in Rajasthan and Gujarat.
• The Intensive training was provided to the squad at the Bikaner (Rajasthan) Regional Headquarters
of BSF under the supervision of skilled trainers.
• The squad will participate for the first time in the BSF Raising Day Parade on 1st December 2022.
This Squad will be the first of its kind in the world.
Union Minister Jitendra Singh announces ‘One Week One Lab’ campaign
On 26th September 2022, the Union Minister of State (Independent Charge) Science & Technology, Dr Jitendra
Singh, who is also the Vice President of the Council of Scientific & Industrial Research (CSIR), announced the
‘One Week One Lab’ theme-based campaign in New Delhi, Delhi.
• The campaign aims to showcase the breakthroughs and innovations in each of the 37 CSIR
laboratories/institutes spread across India.
• The announcement was made during the 1st-ever CSIR Leadership Meet attended by the Directors
and Head of Departments of all the 37 CSIR labs.
• CSIR breakthroughs in areas like Drone, Heliborne technology, state of the art Sewage cleaning
machines has opened up huge opportunities for developing meaningful and equal stake partnership
among Research, Academia and Industry.
STATE NEWS
Nagaland gets 2nd Railway Station after more than 100 Years
After a gap of more than 100 years(119 years) Nagaland got its 2nd Railway Station on Dhansari-Shokhuvi
railway line at Shokhuvi. The Chief Minister (CM) of Nagaland, Neiphiu Guolhoulie Rio has flagged off the
Donyi Polo Express from Shokhuvi Railway station.
The first railway station of Nagaland is Dimapur Railway Station, inaugurated in 1903.
Key Points:
i.The Donyi Polo Express runs between Guwahati in Assam and Naharlagun in Arunachal Pradesh every day.
Now the train service has been extended till Shokhuvi, a few Kilometres from Dimapur.
TBI Director Lucy Hayter launches Generation Global Programme in A.P. and Tamil Nadu
United Kingdom(UK) based Tony Blair Institute (TBI) for Global Change and Canadian NGO (non-governmental
organisation) Children Believe partnered and launched a ‘Generation Global Programme’ for schools and
colleges in Andhra Pradesh and Tamil Nadu, at the Zilla Parishad High School at Ragimanupenta, Andhra
Pradesh.
The programme was launched by TBI for Global Change Director Lucy Hayter.
• The initiative of this programme is aimed at transforming the mindset of school and college students
between the age of 13 and 17 years to make them ‘global citizens’.
• The Generation Global Programme was organised by the Rural Organisation for Poverty Eradication
Services (ROPES) and the students more than 1,000 from Bangarupalem took part in the event.
President Murmu appoints Justice M Duraiswamy as the Chief Justice of Madras High Court
On 5th September 2022, In exercise of the power conferred by Article 223 of the Constitution of
India, President of India Draupadi Murmu appointed Hon’ble Justice M. Duraiswamy as the acting Chief
Justice of Madras High Court (HC) with effect from 13th September 2022 after the retirement of current Chief
Justice Munishwar Nath Bhandari. The appointment was notified by the Ministry of Law and Justice (MoLJ),
Government of India (GoI).
• Duraiswamy started his career as an Advocate in the Bar Council of Tamil Nadu and Puducherry in
1987.
• He worked under Justice A.S.Venkatachalamoorthy, former Chief justice of the Chhattisgarh High
Court as his Junior.
• Between 1997-2000, Duraiswamy was appointed as Central Government Standing Counsel and
elevated as Additional Judge of the Madras HC in 2009 and finally appointed as a judge in the
Madras HC in 2011.
Odisha Government notifies Rs 270 crore CHHATA Scheme to improve groundwater Table
The Government of Odisha launched ‘Community Harnessing and Harvesting rainwater Artificially from
Terrace to Aquifer’ (CHHATA) Scheme with an investment of Rs 270 crore to implement the rooftop rainwater
harvesting system (RRHS).
The scheme was conceptualised to address the increasing stress on ground water and to improve the depleting
ground water table.
Delhi CM unveiled SoE and Model Schools in TN, Pudhumai Penn scheme also Launched
On September 5, 2022, the Chief Minister (CM) of Delhi, Arvind Kejriwal unveiled 26 Schools of Excellence
(SoE) and 15 model schools in Tamil Nadu (TN) during a function held at Bharathi Women’s College in Chennai,
TN. These schools are set up by the TN government on the lines of Delhi’s model school.
• TN CM Muthuvel Karunanidhi (M.K.) Stalin was also present on the occasion.
• It should be noted that this was the first visit of Delhi CM to TN as the chief guest for the
inauguration of a State government scheme.
Key Points:
i.In Tamil, SoE is called as ‘Thagaisal Palligal’, and Model School is named as ‘Mathiri Palligal’.
ii.In the initial phase, 26 schools run by Municipal Corporations will be elevated as SoEs at a cost of Rs 171
crore.25 schools run by Municipal Corporations would be elevated as Schools of Excellence in the first phase at
a cost of Rs 171 crore.
iii.Classrooms in SoEs will be modernized and art, literature, music, dance, sports among others would be
promoted among students.
iv.In the next four years, one classroom will be set in every TN school will be converted into ‘Smart Classroom ‘
at a cost of Rs 150 crore
v.On the other hand, model schools help students from government schools enter institutes of eminence to
pursue professional courses in STEAM (Science, Technology, Engineering, Arts and Medicine).
Pudhumai Penn Thittam launched by TN CM
During the function, the Moovalur Ramamirtham Ammaiyar Higher Education Assurance scheme titled
‘Pudhumai Penn Thittam (modern women scheme)’ was also launched by the TN CM.
• Under this scheme, girl students, who studied from Class V to Class XII in state government schools
would be paid a monthly assistance of Rs 1,000 till they complete their graduation or diploma.
Other Highlights:
i.The CM’s Breakfast Scheme is proposed to be introduced in 112 government- and government-aided
elementary schools (1 to 5 ) in government schools in Palacode block, TN. It aims to cater to the nutritional
deficit, physical growth deficit among students in government schools, who primarily hail from economically
weaker sections of the society.
• The breakfast menu will include wheat rava with vegetable sambar on Mondays; Ragi puttu with
palm jaggery and coconut milk on Tuesdays; Ven Pongal with vegetable sambar on Wednesdays; rice
upma with vegetable sambar on Thursdays; rava kichdi and rava kesari on Fridays.
ii.The TN CM also allocated Rs 25 crore for Bharathi Women’s College for construction of classrooms and
other infrastructure.
Hamar Beti, Hamar Maan’: Chhattisgarh CM Bhupesh Baghel announces campaign for women
safety
On 23 September 2022, The Chief Minister (CM) of Chhattisgarh, Bhupesh Baghel announced the ‘Hamar Beti-
Hamar Maan’ (Our Daughter Our Pride) campaign for women’s safety and their empowerment in society.
About ‘Hamar Beti-Hamar Maan’ campaign:
i.Under the campaign, the girls will be educated about various necessary subjects, including their legal rights,
good touch-bad touch, and sexual crimes.
ii.Chhattisgarh state Women officers and employees of Chhattisgarh police will communicate, guide, and teach
the girls in schools and colleges about their legal rights, cyber crime, protection from social media crimes and
their rights.
• The women in educational institutes of Chhattisgarh will be trained regarding the usage of the
application developed specifically for women’s safety.
iii.A special team of police will be set up to patrol the girl’s schools, colleges, and other prominent places with
the specific presence of females.
iv.The IG (Inspector General) Range will be responsible for ensuring that the probe in such matters is
completed within a stipulated time and a challan is also presented.
v.A special ‘Hamar Beti Hamar Maan’ helpline will be launched and a mobile number will be shared in the
public domain for women and girls to report their complaints or problem regarding any misbehaviour or crime
against them.
About Chhattisgarh:
Governor- Anusuiya Uikey
Chief Minister- Bhupesh Baghel
Festivals- Maati Ti’aar, Parad
Dance- Panthi Dance , Raut Nacha
Maharashtra became first state to digitise property registrations & launches ‘Self Help’ portal
The Government of Maharashtra has initiated the online registration of properties to be sold by realty
developers to digitise the process, which will also involve the usage of Blockchain technology.
• The portal launched for e-registration is called ‘Self Help’, this helps homebuyers to upload their
own template for the agreement, which once approved can be used by the developers for several
such transactions.
• With this, Maharashtra Government becomes the 1st state to enable e-registrations of property.
• Initially, this facility will be enabled for e-registration of agreements of first sale and resale
transactions will not be a part of this.
Key Highlights:
i.The homebuyers of the Real Estate Regulatory Authority (RERA) approved the e-registration, which has the
option to register their sales agreement online. Currently, over 400 developers in Maharashtra have chosen the
e-registration system.
ii. The reason for introducing blockchain technology is to prevent duplication and tampering of registration
that has taken place on an online platform.
Note: Blockchain technology (a chain of blocks that contain information) is a system of recording information
in a way that makes it difficult or impossible to change, hack, or cheat the system.
Odisha to get 5G service in first phase of launch: Union Minister Ashwini Vaishnaw
Union Minister for Communication, and Electronics and Information Technology, Ashwini Vaishnaw
announced that Odisha will get 5G (5th Generation) telecom service in the first phase of its launch. In the 1st
phase, 13 selected cities across India will get 5G Services.
• 5G services is expected to be 10 times faster than 4G and 30 times faster than that of 3G.
• The amount of radiation it will give forth is 10 times less than the radiation norms set by the World
Health Organisation (WHO).
• He also stated that a 5G lab was developed at the Indian Institute of Technology (IIT) Madras
(Chennai) Tamil Nadu.
Justice T Raja was appointed Acting Chief Justice of Madras High Court
On 19 September 2022, Justice T Raja, senior-most Judge of the Madras High Court, was appointed as the
Acting Chief Justice of Madras HC with effect from September 22, 2022. The appointment was notified by
the Ministry of Law and Justice.
• The President of India, under Article 223 of the Constitution of India appointed Justice T Raja to
perform the duties of the office of the Chief Justice of Madras HC, consequent upon the
superannuation of Justice M. Duraiswamy, Acting Chief Justice of Madras HC on September 21,
2022.
• Justice T. Raja hails from Thenur, Madurai District of Tamil Nadu. He has practised in Madras HC and
the Supreme Court of India. He was appointed as Additional Judge of Madras High Court on March
31, 2009.
West Bengal approved for issuing LoI to Adani Group for Tajpur deep Sea Port
On 19 September 2022, the Government of West Bengal (WB) approved a proposal for issuing a Letter of Intent
(LoI) to Adani Ports and Special Economic Zone (SEZ) Limited for development of a greenfield deep sea port
project at Tajpur (West Bengal).
• The LoI will be issued by the West Bengal Maritime Board (WBMB) to the Adani Group for the
development of the port.
• Adani Group emerged as the highest bidder for the mega project.
Funding:
The project would involve an investment of Rs 25,000 crore.
• The port would entail an investment of Rs 15,000 crore and the related port led infrastructure
development would involve another Rs 10,000 crore.
Key points:
i.The deep sea port project would create around 25,000 jobs directly and more than one lakh jobs indirectly.
ii.The greenfield port will provide quick access to international markets for Bengal-based industries.
iii.It will enhance the connectivity of all the eastern states and the northeast region of India.
• It will also be linked to the industrial and economic corridor from Dunkuni to Raghunathpur, which
is being developed by the West Bengal government.
• The port will improve regional logistics and export efficiency of West Bengal and unlock huge
industrial & economic opportunities.
Salient feature of deep sea port project:
According to the Industry, Commerce & Enterprises Department, Govt. of West Bengal, the main features of the
proposed port are
i.The port will be set up around 5 km from NH (National Highway)-116B and around 170 km from Kolkata
(West Bengal).
ii.The nearest Railway station is Rajnagar at a distance of nearly 8 km.
iii.Deep Draft of 12.1m with 18-km channel and with a tidal support of 3.9m leading to a net 16m draft facility
enabling large capesize vessels of one lakh DWT (Deadweight Tonnage).
GOVT SCHEMES
Pradhan Mantri Matsya Sampada Yojana Celebrates 2nd Year Anniversary
On September 10, 2022, Union Minister, Parshottam Rupala, Ministry of Fisheries, Animal Husbandry, and
Dairying (MoFAHD), attended the 2nd anniversary of the Pradhan Mantri Matsya Sampada Yojana (PMMSY),
which is implemented by the Department of Fisheries (DoF), MoFAHD.
The event held in New Delhi, Delhi, showcased the progress and future action plans of the PMMSY flagship
programme.
• The scheme also envisions the creation of 68 lakh jobs by the end of 2024-25.
Launch of The Booklet On Achievements of PMMSY
A booklet on PMMSY & its achievements, Matsya Sampada: 3rd edition of DoF Newsletter, Tilapia Action Plan as
part of Export Diversification, Scampi Action Plan, National Seed Plan: 2022-2025, and other documents were
also released during the ceremony. [DoF stands for Department of Fisheries, MoFAHD]
MSME Ministry Launches Scheme for MSE: Designates ECGC Ltd as Nodal Agency
The Ministry of Micro, Small & Medium Enterprises (MoMSME) has introduced the “Capacity Building of First
Time MSE Exporters” (CBFTE) component of the International Cooperation (IC) Scheme.
• The scheme is intended to assist Micro and Small Enterprises (MSEs) in marketing their products in
international markets by offering incentives at various phases of the business cycle.
ECGC Ltd as the Implementing Agency
MoMSME designated ECGC Ltd. (Formerly known as Export Credit Guarantee Corporation of India Ltd.) as the
implementing agency of the scheme.
• According to the MOU, MSE exporters who hold the ECGC Small Exporter’s Policy would now be
entitled for reimbursement from the MoMSME.
Key Points:
i.The MoMSME shall release the grant under the scheme to ECGC on a reimbursement basis upon receiving of
the reimbursement claim in the proforma and the supporting documentation as specified by the Ministry.
ii.The ECGC will then transfer the funds received from the MoMSME to the beneficiaries.
iii.The maximum amount that an exporter may be reimbursed in a fiscal year is Rs. 10,000 or actual, whichever
is less.
iv.Eligibility Criteria for Availing the Benefits Under the Scheme:
• Micro and Small Enterprises (MSE) with valid Udyam Registration
• The MSE Import Export Code No. cannot be more than 3 years old on the date export shipment.
• Proof of premium payment
• MSE exporters engaged in the manufacturing sector are eligible under the scheme.
Recent Related News:
On 2nd August 2022, the Ministry of Micro, Small & Medium Enterprises (MoMSME) celebrated the landmark of
1 crore registrations on its Udyam Portal. On the occasion, the MoMSME signed a MoU with the Ministry of
Tourism (MoT) and National Small Industries Corporation (NSIC) for sharing Udyam data.
About ECGC Ltd.
ECGC Ltd. (Formerly known as Export Credit Guarantee Corporation of India Ltd.) is fully owned by the
Government of India.
Founded in – 1957
Chairman & Managing Director – Shri. M Senthilnathan
Headquarters – Mumbai,Maharashtra
GoI Plans to Roll Out PM-PRANAM Scheme to Reduce Usage of Chemical Fertilizers
The Government of India (GoI) intends to launch the Pradhan Mantri Promotion of Alternate Nutrients for
Agriculture Management Yojana (PM PRANAM) to reduce the usage of chemical fertilizers.
• The PM PRANAM Scheme is an initiative to promote using fertilizers in a balanced manner along
with bio-fertilizers and organic fertilizers as alternative sources of nutrients.
The programme intends to lower the cost of subsidies for chemical fertilizers, which is projected to rise to Rs
2.25 lakh crore in 2022–23, a 39% increase from Rs 1.62 lakh crore in 2021–22.
Background
The Ministry of Chemicals and Fertilizers proposed PM PRANAM, and the details of the proposed scheme
were announced during the National Conference on Agriculture for the Rabi Campaign on September 7, 2022.
Need for Such a Scheme
i.The need for four fertilizers—Urea, DAP (di-ammonium phosphate), MOP (muriate of potash), and NPK
(Nitrogen, Phosphorus, and Kalium [Potassium])—increased by 21%, from 528.86 lakh metric tonnes (LMT) in
2017–18 to 640.27 LMT in 2021–22.
ii.While the Maximum Retail Prices (MRPs) of non-urea fertilizers are set by the companies, the farmers
purchase chemical fertilizers at MRPs that are significantly less than their usual supply-and-demand-based
market rates or what it costs to produce/import them.
• To ensure fair prices for these nutrients, GoI pays the difference between the two sums as a flat per-
tonne subsidy money on certain nutrients.
Pradhan Mantri Promotion of Alternate Nutrients for Agriculture Management Yojana (PM PRANAM)
Functionality of the Scheme
• GoI aims to determine a state’s use of chemical fertilizers in a given year by comparing its average
consumption during the last three years.
• This will be accomplished by using the data on the Integrated Fertilizers Management System
(IFMS) dashboard of the Ministry of Chemicals and Fertilizers.
Funding Mechanism
i.The primary objective will be to pass 50 % of subsidy savings as a grant to the state that saves the money.
ii.In order to encourage the use of alternative fertilizers and their production at the village, block, and district
levels, 70% of the grants would be utilized to construct assets.
iii.Farmers, Panchayats, Farmer Producer Organizations (FPOs), and Self-Help Groups (SHGs) that work to
minimize fertilizer usage and raise awareness will receive the remaining 30% of the total grant.
Budgetary Support Provided by GoI for Fertilizer Subsidies
i.According to official data, the actual expenditure on fertilizer subsidies in 2020-21 was Rs. 1.27 lakh crore.
ii.The GoI budgeted Rs. 79,530 crore in the Union Budget 2021-22, which was increased to Rs. 1.40 lakh crore
in the revised estimates (RE).
• However, the total subsidy for fertilizer in 2021–22 reached Rs. 1.62 lakh crore.
iii.For the current fiscal year (2022-23), the GoI has set aside Rs. 1.05 lakh crore.
• In 2022, the fertilizer subsidy figure is expected to surpass Rs. 2.25 lakh crore.
Other Initiatives by GoI Regarding Fertilizer Subsidies
i.GoI has implemented a Direct Benefit Transfer (DBT) mechanism in fertilizers w.e.f. October 2016 in order to
plug leakage in fertilizer subsidies.
• Under this system, fertilizer companies receive a 100% subsidy on various fertilizer grades based on
actual sales made by retailers to beneficiaries.
ii.Furthermore, the GoI updated the Fertilizer Control Order (FCO) -1985 with new nutrients such as Nano
Urea & “Bio-Stimulants”.
Scheme for Special Assistance to States for Capital Investment for 2022-23 Launched
On September 23, 2022, the Government of India (GoI) launched a Scheme for Special Assistance to States for
Capital Investment for 2022-23 under which States Governments will get financial assistance in the form of 50-
year interest free loan for capital investment projects.
Key Points:
i.GoI has allocated Rs 3000 crore for Part V (Optical Fibre Cable) of the Scheme. It will be available to States for
capital projects on the OFC network.
ii.On the recommendation of the Department of Telecommunications (DoT), Ministry of Communications, the
Department of Expenditure, Ministry of Finance has recently approved proposals of 4 States viz. Uttarakhand
(Rs 50 crore), Jharkhand (Rs 84 crore), Haryana (Rs 65 crore) and Karnataka (Rs 156 crore).
Budget announcement of Scheme:
i.Union Minister Nirmala Sitharaman, Ministry of Finance while presenting the Union Budget 2022-23
enhanced the outlay for the Scheme for Financial Assistance to States for Capital Investment from Rs. 10,000
crore in Budget Estimates (BE) 2021-22 to Rs 15,000 crore in Revised Estimates (RE) 2021-22.
ii.For 2022-23, the allocation is Rs 1 lakh crore to assist the states in catalyzing overall investments in the
economy.
iii.This allocation will be used for PM GatiShakti related and other productive capital investment of the states. It
will also include components for:
• Supplemental funding for priority segments of PM Gram Sadak Yojana, including support for the
states’ share
• Digitization of the economy
• Reforms related to building bylaws, town planning schemes, transit-oriented development, and
transferable development rights
INTERNATIONAL AFFAIRS
UNEP & Reef-World Foundation launched ‘Green Fins Hub’ to Encourage Sustainable Marine
Tourism
The United Nations Environmental Programme (UNEP), along with Reef-World Foundation, the United
Kingdom (UK) based charity, launched a global digital platform, ‘Green Fins Hub’. It will provide a major boost
to sustainable marine tourism.
• Green Fins Hub is the first ever global marine tourism industry platform.
• It is expected to scale up to reach a potential 30,000 operators worldwide from about 700 operators
across 14 countries.
White Paper highlighting ‘Urban Wastewater Scenario in India’ at IWA World Water Congress
& Exhibition 2022 in Copenhagen, Denmark
On September 12, 2022, a Whitepaper on ‘Urban Wastewater Scenario in India’ was launched by Union
Minister Gajendra Singh Shekhawat, Ministry for Jal Shakti (MoJS), India; Lea Wermelin, Minister of
Environment, Denmark; and Flemming Moller Mortensen, Minister of Development Co-operation, Denmark
along with the Indian Delegation during International Water Association (IWA) World Water Congress &
Exhibition 2022 in Copenhagen, Denmark.
• This whitepaper is an outcome of the Green Strategic Partnership between India and Denmark
with a focus on green hydrogen, renewable energy and wastewater management.
Who prepared the whitepaper?
It was prepared by an interdisciplinary team which was formed by the Government of India (GoI) with partners
from Atal Innovation Mission (AIM), NITI Aayog, MoJS, National Mission for Clean Ganga (NMCG), Innovation
Centre Denmark (ICDK), and Indian Institute of Technology Bombay (IITB).
• ICDK is a unit under the Embassy of Denmark and Denmark Technical University (DTU) design.
What is in the Whitepaper?
i.It points out the current status of wastewater treatment in India and potential pathways for future treatment
structures, co-creation and collaborations.
ii.It also highlights some success stories, need for wastewater treatment, scope for improvement and
augmentation in existing infrastructure and technologies, methods for public participatory approach, financing
and co-financing options building capacity via training, etc.
Points to be noted:
i.India has committed investments of more than US $ 140 Billion by 2024 in the water sector.
ii.The GoI has adopted a community centric approach whereby at least 10% funds are contributed by
community in every program while massive investment is from Government.
• This ensures community ownership and participation.
Saudi Arabia beats Russia to become India’s second-largest oil supplier in August 2022
Saudi Arabia became the 2nd-biggest oil supplier to India after a three months gap, overtaking Russia (first is
Iraq). India also became Russia’s second biggest oil purchaser after China.
World’s first public database on fossil fuels ‘Global Registry of Fossil Fuels’ launched
Carbon Tracker and Global Energy Monitor launched the “Global Registry of Fossil Fuels”, the
world’s first registry of fossil fuel reserves, production and emissions. This is the first ever fully transparent
and public database that tracks fossil fuel production worldwide that tracks its impact on the carbon budget.
• It includes data from over 50,000 oil, gas and coal fields in 89 countries, covering 75% of global reserves,
production and emissions, and is available for public use.
The database also provides information about the availability of coal stock globally.
VISITS
INDIAN VISITS
Highlights of Bangladesh PM Sheikh Hasina visit to India
On September 5-8, 2022, the Prime Minister (PM) of Bangladesh Sheikh Hasina was on a four-day visit to India
and held bilateral talks with Indian PM Narendra Modi to review and further strengthen the relationship
between both countries.
Key Discussions between both PMs:
i.Both leaders held discussions on the entire gamut of bilateral cooperation, including political and security
cooperation, defence, border management, trade and connectivity, water resources, power and energy,
development cooperation, cultural and people-to-people links.
ii.They also agreed to collaborate in new areas of cooperation, such as, environment, climate change, cyber
security, ICT, space technology, green energy and blue economy.
iii.The Leaders directed the officials to expedite work to complete all pending developmental works within 150
yards of the Zero Line, including fencing starting with the Tripura sector.
Union MoS&T Minister Dr. Jitendra Singh’s Visit to USA – September 20- 25, 2022
From September 20–25, 2022, Union Minister Dr. Jitendra Singh,Union Minister of State (Independent
Charge) Ministry of Science and Technology; Minister of State (Independent Charge) Ministry of Earth
Science; MoS PMO, Ministry of Personnel, Public Grievances, Pensions, Space and Atomic Energy, paid an
official visit for 5 days to the United States of America (USA).
Dr. Jitendra Singh Addresses Roundtable On “Net Zero Built Environment with Connected
Communities” At Global Clean Energy Action Forum-2022
Dr. Jitendra Singh attended the first-ever “Global Clean Energy Action Forum 2022,” a joint convening of
the 13th Clean Energy Ministerial (CEM 13) and the 7th Mission Innovation (MI 7) ministerials, which was
held September 21-23, 2018 in Pittsburgh, Pennsylvania, USA.
• He also addressed the forum’s Roundtable on “Net Zero Built Environment with Connected
Communities.”
At the forum, he led a high-level joint Indian ministerial official delegation from the Ministry of Power,
Ministry of New & Renewable Energy and MoS&T.
Key Points:
i.During the forum, he urged for significant actions like a worldwide Memorandum of Understanding
(MoU) to improve Research & Development (R&D), deployment, knowledge, and technology sharing
related to demand-driven solutions to address climate change challenges.
ii.ISRO and NASA are working together to launch a joint radar satellite for Earth observation named NISAR
[NASA -ISRO Synthetic Aperture Radar] which willcollect data to tackle the climate crisis.
• ISRO has been receiving Deep Space Network Antenna support from NASA for its Missions such
as Chandrayaan-1, Mars Orbiter Mission (MOM) and Chandrayaan-2 mission.
iii.He added that during 2012-22, the MoS&T has invested more than USD 34.3 million to assist R&D and
the deployment of technologies.
• About 78 industries participate in the Building Energy Efficiency and Smart Grid Program.
iv.He emphasized that sustainable biofuels are crucial in lowering GreenHouse Gas (GHG) emissions from
the transportation sector and noted that decarbonizing cities is a complex problem that calls for a holistic
strategy and systemic effectiveness.
India Announces the Launch of The “Innovation Roadmap of the Mission Integrated Biorefineries”
During the first roundtable on “Sustainable Bioenergy and Bio-Refineries”, at the Global Clean Energy
Action Forum – the joint convening of 7th Mission Innovation(MI-7) and 13th Clean Energy
Ministerial -2022(CEM 13) of the Global Clean Energy Action Forum 2022, Dr. Jitendra Singh announced
the launch of the “Innovation Roadmap of the Mission Integrated Biorefineries”.
• It was created by co-leads and active inputs from Brazil, Canada, the European Commission
(EC), and the United Kingdom (UK).
Union Defence Minister Raj Nath Singh’s Visit to Egypt – September 18 -20, 2022
Union Minister Rajnath Singh, Ministry of Defence (MOD), made an official visit to Egypt from September 18-20,
2022, during which he met with Egyptian President Abdel Fattah El-Sisi in Cairo, Egypt’s capital.
• The purpose of the visit was to strengthen defence collaboration and the unique friendship between
Egypt and India.
• Egypt is strategically significant to India since it is regarded as the gateway to Africa.
India & Egypt Sign MoU to Enhance Defence Cooperation
Union Defence Minister Rajanth Singh held a bilateral meeting and signed a Memorandum of Understanding
(MoU) with his Egyptian counterpart, General Mohamed Zaki, while on an official visit to Cairo.
Purpose of the MoU: To provide further momentum to enhanced defence cooperation between India and
Egypt.
Key Points:
i.During the bilateral meeting, the two sides agreed to improve the execution of joint exercises and the
exchange of personnel for training, particularly in the field of counter-insurgency.
• They decided to expand military cooperation and focus on joint training, defence co-production, and
equipment maintenance.
ii.Rajnath Singh paid respects at the Tombstone of the late Egyptian President Anwar El-Sadat and the
Unknown Soldier Memorial in Cairo.
iii.He also extended an invitation to General Mohamed Zaki to attend the India-Africa Defence Dialogue and
Indian Ocean Region (IOR) Defence Ministers’ conclave, scheduled to be held as part of 12th DefExpo in
Gandhinagar, Gujarat in October 2022.
Egypt-India Ties
i.With an existing Indian investment of USD 3.15 billion in Egypt, it is one of the top investment destinations in
the region for India.
ii.The Indian Air Force (IAF) and the Egyptian Air Force engaged in a bilateral “Tactical Leadership
Programme” in June 2022 to strengthen defence cooperation between India and Egypt.
iii.The year 2022 commemorates the 75th anniversary of India-Egypt diplomatic relations.
Note: Egypt assumed the incoming Presidency of the 27th Conference of the Parties (COP 27) to the United
Nations Framework Convention on Climate Change (UNFCCC). It will be hosted in Sharm El-Sheikh, Egypt, in
November 2022.
RBI launches pilot project for digitalization of lending under Kisan Credit Card scheme in MP &
TN
On 2nd September 2022, the Reserve Bank of India(RBI) has launched the pilot for end-to-end digitalisation of
Kisan Credit Card (KCC) lending. the project was developed by the Reserve Bank Innovation Hub (RBIH) in
association with RBI.
• The pilot project will commence in September 2022 in selected districts of Madhya Pradesh(MP)
and Tamil Nadu(TN) with Union Bank of India and Federal Bank, respectively.
• Based on the learnings from the pilot, the project will be expanded to other districts in these two
states and gradually across India.
Key Points:
i.The reason behind this launch is to transform the rural credit delivery system.
ii.The proposed digitalisation of the KCC lending process will make it more efficient, reduce costs for borrowers
and reduce turn around time (TAT) significantly.
iii.The pilot project would entail automation of various processes within banks and integration of their systems
with the service providers,
iv.At present, the process for getting rural finance (financial services offered to rural customers, including
farmers, at all income levels) requires customer to visit a bank branch in-person along with proof of land
ownership and other documents.
RBI issues new guidelines on Digital Lending to Protect Borrowers; Partially devolves 7-year
paper on PDs
On September 2, 2022, the Reserve Bank of India (RBI) issued official guidelines to all lenders/regulated
entities (RE), including banks to protect the data of borrowers using digital lending apps from being misused.
• These directions are issued under sections 21, 35A and 56 of the Banking Regulation (BR) Act, 1949,
sections 45JA, 45L and 45M of the RBI Act, 1934, sections 30A and 32 of the National Housing Bank
(NHB) Act, 1987, section 6 of the Factoring Regulation Act, 2011 and section 11 of the Credit
Information Companies (Regulation) Act, 2005.
Retail payment products of HDFC Bank, Precision Biometric chosen for Test Phase under RBI’s
Regulatory Sandbox
On September 5, 2022, the Reserve Bank of India (RBI) selected HDFC Bank (in partnership with Sweden-based
Crunchfish Aktiebolag) and Precision Biometric India Pvt. Ltd for the Test Phase of the ‘On Tap’ application
facility for the theme ‘Retail Payments’ (1st Cohort) under RBI’s Regulatory Sandbox (RS).
• HDFC Bank is selected for its ‘Offline Retail Payments’, while Precision Biometric India Pvt chosen
for its ‘InnaIT Key Solution for Banking’.
• The opening of the ‘On Tap’ application facility for theme ‘Retail Payments’ was announced by RBI in
October 2021.
Products Description:
i.Offline Retail Payments: It enables customers to pay and receive payments in offline mode. It aims to boost
adoption of digital payments in areas of no or low network by enabling transactions without the need to have a
network connection.
ii.InnaIT Key Solution for Banking: It offers a solution enabling biometric tokens which can be used for
secure password less authentication and Additional Factor Authentication (AFA), instead of an OTP (One Time
Password), for logging into internet/ mobile banking. The solution combines Public key infrastructure (PKI)
and Biometric to enhance security and user experience in digital payments space.
RBI also announced the 5th Cohort under RS which will be themed ‘neutral’:
The central bank said the Fifth Cohort under Regulatory Sandbox will be theme neutral.
“Innovative products/services/technologies cutting across various functions in RBI’s regulatory domain would
be eligible to apply. The application window for the same shall be communicated in due course,”.
About RBI Regulatory Sandbox:
i.RBI introduced a Regulatory Sandbox (RS) in 2019 to foster responsible innovation in financial services,
promote efficiency and expand benefits to consumers. It refers to live testing of new products and services
conducted in a controlled environment.
• RS allows regulators, innovators, financial services providers and customers to conduct field tests to
collect evidence on the benefits and risks of new financial innovations while carefully monitoring
and containing risk.
ii.The Previous 4 Cohorts under RS are
• First- Retail Payments
• Second- Cross Border Payments
RBI asks Large UCBs to set up Board-approved policy, Compliance Function; India’s banking
System Liquidity faces Deficit after 40 months
On September 19, 2022, the Reserve Bank of India (RBI) directed Urban Cooperative Banks (UCBs) belonging to
tier 3 and tier 4 categories, except UCBs under All Inclusive Directions (AID), to create a Board-approved policy
and compliance function.
• Under this, UCBs with more than Rs 10,000 crore deposits (tier 4 category) mandated to create
same, including the appointment of a Chief Compliance Officer (CCO), by April 1, 2023 while Tier 3
UCBs i.e. those having more than Rs 1,000 crore and up to Rs 10,000 crore deposits are given the
deadline of October 1, 2023.
What should be in the Compliance Policy?
i.The board approved Compliance Policy should provide a clear outline on the implementation of compliance
philosophy, expectations on compliance culture, structure and role of the Compliance Function, the role of the
CCO and the processes for the identification, assessment, monitoring, management and reporting on the
compliance risk.
ii.The framework requires the Senior Management of these UCBs to undertake Compliance Risk Assessment
every year.
iii.The Compliance Function should ensure strict observance of all statutory and regulatory requirements for
the UCBs, including standards of conduct, management of conflict of interest, fair treatment of customers and
providing suitable customer service.
Who is CCO?
The Chief Compliance Officer (CCO) is the head of the Compliance Department. His/Her tenure should be at
least 3 years. CCO will directly report to the MD (Managing Director) and CEO (Chief Executive Officer) and/or
Board or Board Committee.
• The CCO and Compliance Function will have the authority to communicate with any staff member
and access all records or files required to undertake the entrusted responsibilities with regards to
compliance risks.
What is Compliance risk?
It is the risk of legal or regulatory sanctions, material financial loss or loss of reputation a UCB may suffer, as a
result of its failure to comply with laws, regulations, rules, and codes of conduct, etc., applicable to its activities.
Click Here for Official Notification
RBI cancels Solapur-based The Laxmi Co-operative Bank’s licence; Bars MMFSL, Mumbai from
Outsourcing Recovery, Repossession Activities
On September 22, 2022, the Reserve Bank of India (RBI) cancelled the licence of Solapur (Maharashtra) based
The Laxmi Co-operative Bank Limited due to its inadequate capital and earning prospects, and its failure to
comply with the requirements of the Banking Regulation (BR) Act, 1949.
• The cancellation of its licence means the bank is prohibited from conducting the business of banking
which includes, among other things, acceptance of deposits and repayment of deposits as defined in
Section 5(b) read with Section 56 of the BR Act, 1949 with immediate effect.
Reasons of Cancellations:
i.It does not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the BR
Act, 1949.
ii.It does not comply with the requirements of Sections 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and 22(3)(e)
read with Section 56 of the BR Act, 1949.
iii.The bank is unable to pay its present depositors in full, and its continuance is prejudicial to the interests of
its depositors.
Key Points:
i.RBI requested The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra to
issue an order for winding up the bank and appoint a liquidator for the bank.
ii.On liquidation, every depositor is entitled to receive deposit insurance claim amount of his/her deposits up
to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
• More than 99% of the depositors will receive the full amount of their deposits.
• As of September 13, 2022, the DICGC has already paid Rs 193.68 crore of the total insured deposits
under the provisions of Section 18A of the DICGC Act, 1961.
RBI bars MMFSL from Outsourcing Recovery, Repossession Activities
RBI, in exercise of its powers under section 45L(1)(b) of the RBI Act, 1934, bars Mahindra & Mahindra
Financial Services Ltd. (MMFSL), Mumbai (Maharashtra) from carrying out any recovery or repossession
activity through outsourcing arrangements, with immediate effect.
WB Approves USD 150 million Loan for Punjab to Improve Finance & Service Delivery
On 20th September 2022, the World Bank’s (WBs) Board of Executive Directors approved a loan of USD 150
million (nearly Rs 1,200 crores) to Punjab for the management of its financial resources and improved access to
public services.
• The USD 150 million loan has a maturity period of 15 years, including a grace period of 6 months.
Key highlights:
i.The WB would support in strengthening the institutional capabilities of various government departments,
manage fiscal risks and make informed policy choices to support sustainable growth.
ii.The new projects will be launched with the support of WB that helps in the development goals by
strengthening the planning, budgeting and monitoring functions, and leveraging digital technology.
• This also ensures accountability in the public procurement systems and supports wide
implementation of new legal and policy reforms.
iii.The project will pilot 2 initiatives, that includes (i) to introduce a performance-based grants system for
incentivising municipal corporations to improve service delivery and (ii) to demonstrate 24×7 water supply in
select areas in Amritsar and Ludhiana.
World Bank Approves USD 350 Million for Gujarat’s Health Sector
The World Bank’s (WB) Executive Board of Directors approved a USD 350 million (over Rs 2,832 crore)
loan to Gujarat to improve the quality and access of its public healthcare services, with a special focus on
adolescent girls and disease surveillance through the Systems Reform Endeavours for Transformed Health
Achievement in Gujarat (SRESTHA-G) Program.
• The USD 350 Million loan sanctioned by the International Bank of Reconstruction and Development
(IBRD), the funding arm of the WB, has a maturity of 18 years including a grace period of 5.5 years.
About SRESTHA-G Program:
i.The SRESTHA-G Program will enable people to access a wide range of high-quality health services including
reproductive, maternal, newborn, child, and adolescent health, communicable and non-communicable diseases
(NCDs).
ii.The program focuses on improving the health and nutrition of adolescent girls and boys. This will be
prioritised in 14 districts where more than 70% of adolescent girls are anaemic.
• Around 69% of adolescent girls and 36% of adolescent boys in Gujarat suffer from anaemia.
• Adding to this, 10% of rural and 5% of urban residents in Gujarat suffer from mental health issues.
iii.This Program will also support a population-based screening process through local Accredited Social Health
Activists (ASHA) and Auxiliary Nurse Midwives (ANM).
• This programme will also support Gujarat to develop Surveillance systems for early detection of
communicable and non-communicable disease outbreaks.
Suzuki Signs MoU with NDDB for Setting up Two Biogas Plants in Gujarat
National Dairy Development Board (NDDB), the apex body of dairy cooperatives of India and Suzuki Motors
Corporation(SMC), Japan, signed an agreement to set up two Biogas plants to provide clean energy solutions
and organic fertilisers using Cow Dung in an event that was organised to mark 40 years of Suzuki in India.
• Gujarat Chief Minister Bhupendra Patel also attended the event.
• The MoU was signed by NDDB President Minesh Shah and top officials of Suzuki.
Key highlights:
i.Under this agreement, two biogas plants will be constructed in Gujarat for producing clean energy and organic
fertilisers from Cow dung.
ii.Cow dung has emerged as an important component to meet energy demand in the 21st century as many
states are currently buying cow dung from farmers.
• Chhattisgarh is leading in buying cow dung from farmers at the rate of Rs 2 per kg and it is also
planning to set up more than 500 biogas plants.
iii.Many countries around the world including India have promised to ensure the use of green energy after the
stipulated time and the dung based energy fuel model will be the essential green energy component.
BFSL & Snapdeal Partners with NPCI & JCB to Launch Snapdeal BoB JCB RuPay Credit Card
BOB Financial Solutions Limited (BFSL), the wholly-owned subsidiary of Bank of Baroda (BoB)
and Snapdeal in partnership with National Payments Corporation of India (NPCI) and Japan’s JCB
International Company Limited (JCB) launched the ‘Snapdeal BoB JCB RuPay Credit Card’.
• The Snapdeal BoB JCB RuPay Credit Card is a co-branded contactless credit card, through which
users will receive up to 5 percent unlimited cashback (20 reward points on every Rs. 100 spent) on
the Snapdeal app and website.
Benefits:
i.Activation of the co-branded credit card is done within 30 days of issuance and the cardholders will be
entitled to shopping benefits on Snapdeal worth up to Rs. 500.
• The card also offers 10 Reward points per Rs. 100 spent on online, grocery and departmental store
spends.
• In addition, the customers will get 4 reward points for every Rs. 100 spent for purchases in all
other categories.
ii.The cardholders will enjoy free Add-On cards for family members, waiver of 1 percent fuel surcharge, easy
Equated Monthly Instalment (EMI) options (pre and post purchase), and periodic offers across merchants.
iii.The card can also be used at international merchants and Automated Teller Machines (ATMs) through the
extensive JCB global network, the only international payment brand based in Japan.
Induslnd Bank & ADB Partners to Promote Supply Chain Finance Solutions in India
IndusInd Bank Limited has inked a pact with the Asian Development Bank (ADB) for a partial
guarantee programme with an initial outlay of USD 70 million (Rs 560 crore), exclusively towards
promoting Supply Chain Financing (SCF) solutions in India.
Key highlights:
i.IndusInd bank has initiated certain strategic efforts, including the launch of new product structures for SCF.
ii.It also offers funds to the entire ecosystem of a corporate entity through holistic SCF solutions, meeting end-
to-end requirements of both corporate and their dealers along with suppliers.
iii.As a part of this collaboration, the IndusInd Bank aims to expand its Micro Small and Medium Enterprises
(MSME) Portfolio and strengthen its strategies for MSME sector.
Note – It has recently launched a state-of-the-art digital portal for SCF, ‘earlyCredit’ which enables 24×7
seamless processing of SCF transactions for corporates, suppliers and dealers.
• The earlyCredit product is a short-term credit solution which can be availed by small merchants
and the amount is credited to their bank accounts every Friday (weekend) based on the anticipation
of the previous weekend sales.
About IndusInd Bank:
Managing Director (MD) & CEO – Sumant Kathpalia
Establishment – 1994
Headquarters – Pune, Maharashtra
Axis Bank Partners with PayNearby to Boost Bank’s Priority Sector Lending Targets
Axis Bank has partnered with PayNearby Technologies Private Limited, a technology-based company to
boost credit growth in meeting the bank’s priority sector lending (PSL) targets segment.
• All Banks are required to extend 40 percent of their overall lending to priority sectors, which
include loans to agriculture and Micro Small and Medium Enterprises (MSME) sectors.
• In case of a shortfall, banks have to take on loans under this category from other lenders.
About the partnership:
i.Through this partnership, Axis Bank could reach the customers in remote regions and provide banking
solutions digitally.
• This will also simplify banking for retail shop owners and individual customers.
ii.Axis Bank will also leverage PayNearby’s distribution-as-a-Service (DaaS) for providing financial solutions
for both savings and current accounts of the last-mile retailers and customers.
Note – Axis Bank has around 2,100 branches which are classified as Bharat Bank branches.
About PayNearby Technologies Private Limited:
MD & CEO – Anand Kumar Bajaj
Establishment – 2016
Headquarters – Mumbai, Maharashtra
About Axis Bank Limited
Headquarters– Mumbai, Maharashtra
MD & CEO– Amitabh Chaudhry
Establishment– 1993 (Commenced Operation-1994)
Tagline – Badhti Ka Naam Zindagi
DBS Collaborates with The Sandbox to Launch DBS Betterworld, Showcasing The Utility of
Metaverse
DBS Bank Limited, Asia’s major financial services firm, has announced its partnership with The Sandbox, a top
decentralised gaming virtual world and a subsidiary of Animoca Brands, to create ‘DBS BetterWorld’, an
interactive metaverse experience.
• The metaverse virtual environment will allow users to participate in the development of a more
advanced and sustainable world.
Significant Breakthrough for DBS Bank
• With this partnership, DBS Bank becomes the first Singaporean company to join hands with The
Sandbox and the first bank in Singapore to venture into the metaverse.
• This also marks a significant benchmark in DBS Bank’s journey to consistently investigate the
potential of Web 3.0 opportunities to serve its customers and the community at large.
About DBS BetterWorld
i.DBS BetterWorld is intended to be an additional engagement platform for visitors to access The Sandbox and
learn more about current Environmental, Social, and Governance (ESG) challenges.
ii.In order to encourage its customers to live more sustainably, DBS Bank introduced LiveBetter, a one-stop
digital platform, in October 2021.
• LiveBetter provides the bank customers with easy access to a set of tools that will assist them in
switching to a more sustainable way of life.
HDFC ERGO Partners with Google Cloud to Digitize Insurance Purchasing in India
HDFC ERGO General Insurance Company Limited (HDFC ERGO), one of India’s leading insurance companies,
has announced a partnership with Google Cloud to develop a technology platform that will aid in the
digitization of insurance purchasing and servicing in India.
• By 2024, HDFC ERGO intends to be completely migrated to the cloud.
Key Points:
i.With this new technology platform, HDFC ERGO will be able to create innovative product offers, provide
digitally connected customer experiences, build more agile systems, harness data to identify insurance risk,
provide customized insurance products, and adapt to regulatory changes more quickly.
ii.HDFC ERGO will receive support from Google Cloud in the areas of customer experience, Information
Technology (IT) system integration, and data (including analytics, Artificial Intelligence (AI), and Machine
Learning (ML)).
About HDFC ERGO General Insurance Company Limited (HDFC ERGO):
HDFC ERGO General Insurance Company Ltd. is a joint venture between Housing Development Finance
Corporation Ltd. (HDFC) and ERGO International AG, the primary insurance entity of Munich Re Group of
Germany.
MD & CEO – Ritesh Kumar
Establishment – 2002
Headquarters – Mumbai, Maharashtra
Singapore Central Bank, India’s IFSCA signed CA to Pursue Cross-Border FinTech Innovations
A FinTech Co-operation Agreement (CA) was inked between the Monetary Authority of Singapore (MAS) and
the International Financial Services Centres Authority (IFSCA) to facilitate regulatory collaboration and
partnership in FinTech technology.
• Under this agreement, both entities will utilize their respective Regulatory Sandboxes (RS) to support
experimentation of technology innovations.
• This will include referral of companies to each other’s RS and enable cross-border experiments in both
jurisdictions.
• This CA is on the sidelines of the Memorandum of Understanding (MoU) on Supervisory Co-
operation signed between MAS and IFSCA in July 2022.
Key Points:
i.This pact allows sharing of non-supervisory related information and developments on innovation in financial
products and services.
Signatories:
The agreement was signed by the Chief FinTech Officer of MAS, Sopnendu Mohanty, and Chief Technology
Officer of IFSCA, Joseph Joshy, in the presence of Deputy Prime Minister (PM) and Minister for Finance, and
Deputy Chairman of MAS, Lawrence Wong; Finance Minister of Gujarat, Kanubhai Desai; Chairperson of
IFSCA, Injeti Srinivas; Chairman of GIFT Company Ltd., Sudhir Mankad, and Managing Director and Chief
Executive Officer (CEO) of GIFT Company Ltd., Tapan Ray.
Points to be noted
MAS is Singapore’s central bank and integrated financial regulator.
IFSCA is a unified authority for the development and regulation of financial products, financial services and
SBI Partners with Remitly for Secure and Easy Remittance to India
State Bank of India (SBI) partnered with Remitly to enable Non Resident Indians (NRIs) to send money
through SBI via Remitly to their family members, using mobile and web applications.
• Through the partnerships, NRIs can now transfer money to 17 Remitly nations.
Key highlights:
i.Remitly receives the remittances from the sender and credits it to the beneficiary accounts in India through
Direct Credit, NEFT/IMPS/RTGS etc.
• Real Time Gross Settlement (RTGS)
• National Electronic Funds Transfer (NEFT)
• Immediate Payment Service (IMPS)
ii.The remittances initiated through Remitly may not necessarily be routed through SBI and it may depend on
Remitly internal policy.
iii.Remitly provides superior exchange rates, immediate credits, and no remittance charge depending on the
form and amount of transfers.
About Remitly:
Co-Founder and Chief Executive Officer (CEO) – Matt Oppenheimer
Headquarters – Seattle, Washington D C, United States (US)
Reliance General Insurance Partners with Paytm to Offer Customisable Health Cover
Reliance General Insurance Company Limited has partnered with Paytm to offer Reliance Health Gain
Policy, a customisable health insurance product, through the Paytm application.
• Reliance Health Gain Policy was launched in May 2022.
• The policy aims to enhance insurance penetration among the people of India.
About the policy:
Reliance Health Gain Policy offers 3 plans including Plus, Power and Prime that allow customers to customise
and personalise the policy.
• This policy benefits with around 38 features like double cover, Unlimited reinstatement to restore
the base sum insured, when it reduces, guaranteed cumulative bonus after insurance claim and also
contains features to reduce the waiting period for Pre-Existing Disease from 3 years to 2 years (or
even 1 year).
About the plans:
i.Plus plan – A maximum of 2 adults, (including, self and spouse) and 6 children can be covered.
ii.Power plan – A maximum of 4 adults (including, self, spouse and one set of dependent parents or parents-in-
law) and 6 children can be covered.
iii.Prime plan – A Maximum of 6 adults (including, self, spouse, set of dependent parents and set of parents in
law) along with 6 children can be covered.
Note – Dependent children can be covered from 91 days to 25 years under a floater cover.
RHFL Partners with EGI to Offer Property Insurance Cover to its Customers
Edelweiss General Insurance (EGI) partnered with Repco Home Finance Limited (RHFL) to offer insurance
solutions to all home loan customers of RHFL.
Key highlights:
i.EGI will offer property insurance cover and loan protection cover to RHFL’s customers through their branches
across India.
SBIF & WWF India Partners for Red Panda Transboundary Conservation
On the occasion of the International Red Panda Day(IRPD), 17th September 2022, The State Bank of India
Foundation (SBIF) and World Wide Fund for Nature – India (WWF India) entered into a partnership to
generate fine-scale information on the Red Panda species at a transboundary level and engage in safeguarding
the habitats of the Red Panda in Khangchendzonga area of Sikkim and West Bengal (Darjeeling & Kalimpong
districts)
• WWF India and SBI Foundation to work
with community members of the two states
to build a voluntary group, the Red Panda
Guardians
• An event was organised at the Himalayan
Zoological Park in Gangtok, Sikkim to
celebrate International Red Panda Day
which is observed every year on
3rd Saturday of September to support Red
Panda conservation.
• Attendees – Sandeep Tambe, Additional
Principal Chief Conservator of Forests (APCCF) / Chief Wildlife Warden(CWLW), Sikkim, and other
senior officers of the Sikkim Government, SBIF, and WWF India were also present at the event.
Key highlights:
i.The event was organised to raise awareness about the endangered species among young visitors.
• This day was also celebrated with the support of the State Education Departments of Sikkim and the
Gorkhaland Territorial Administration.
ii.A short program was also conducted at Kagyu Thekchen Ling Monastery, Lava, West Bengal (WB) for the
student monks, students of Lava High School, and Red Panda Guardians.
• The program included presentations and talks on Red Panda conservation, an inter-school quiz
competition, and zoo visits.
Note – The Himalayan Zoological Park is the first of its kind, where animals are kept in their natural habitat.
MoD Signs MoU with BoB and HDFC Bank to Expand the Reach of SPARSH Initiative
On 21st September 2022, the Defence Accounts Department (DAD), under the Ministry of Defence (MoD)
signed a Memorandum of Understanding (MoU) with Bank of Baroda (BoB) and HDFC Bank, to onboard
themselves as Common Service Centres (CSC) under the System for Pension Administration –
(RakSHa) (SPARSH) initiative, across more than 14000 branches across India.
HDFC Bank & Refinitiv Enter into A Multi-Year Data and Technology Agreement
HDFC Bank, India’s largest private sector lender, has inked a multi-year data and technology agreement
with Refinitiv, a London Stock Exchange Group (LSEG) business, to facilitate its digital transformation and
innovation programmes across the whole business in India
Key Points:
i.Under the multi-year agreement, HDFC Bank will gain complete access to Refinitiv’s data and products,
allowing it to realize new customer opportunities and accelerate its innovation drive while lowering total cost.
ii.This will allow for greater innovation and cost reductions across multiple bank divisions, covering wealth
management, capital markets, global markets, risk, compliance, and customer onboarding.
iii.Users of HDFC Bank will also have access to Refinitiv Workspace, which offers tools including real-time
market data, news, and fundamental data.
Note: Thomson Reuters, which owns Reuters News, holds a minority stake in LSEG.
HDFC ERGO Partners with HDFC Life to Launch Click2Protect Optima Secure
On 23 September 2022, HDFC ERGO General Insurance Company Ltd. (HDFC ERGO) partnered with HDFC Life
launched ‘Click2Protect Optima Secure’ to offer all-round protection to customers.
Objective: It is a comprehensive financial protection plan and offers the dual benefits of health and life
insurance.
About ‘Click2Protect Optima Secure’ :
i.Under the health insurance component, customers can avail a sum insured ranging from Rs 5 Lakh to Rs 2
Crore. It will provide un-complicated financial planning for customers by offering the term life insurance with a
minimum sum assured of Rs 50,000.
• This plan also comes with ‘Individual’ and ‘Family Floater’ options.
ii.HDFC ERGO General Insurance will service the health insurance part and life insurance part will be serviced
by HDFC Life.
Additional benefits :
i.Life Insurance Protection: It covers up to 85 years of age. In the floaters policy, the eldest member of the
family is covered.
ii.Attractive Premium Discounts:The plan offers 2.5% loyalty discount for existing HDFC ERGO retail
customers, long term discount of 7.5% and 10% on 2 year and 3 year policies and 10% family discount, if two
or more family members are covered under the same ‘individual’ policy.
iii.Pre and post hospitalization medical expenses: It covers medical expenses for consultations,
investigations and medicines incurred up to 60 days prior and up to 180 days post hospitalization.
Yubi partners with SBI to enable Higher Credit Access to Priority Sector
Fintech unicorn Yubi (formerly CredAvenue) has partnered with State Bank of India (SBI), to help in the growth
of the bank’s co-lending portfolio.
• As per the partnership, SBI will be integrated with Yubi Co.Lend, the co-lending platform of Yubi
that provides an end-to-end solution and enables lenders to collaborate with multiple partners with
a quick one-time Application Programming Interface (API) integration.
Key Points:
i.This partnership will facilitate seamless, faster, and higher credit to the priority sector and reduce the
country-wide credit gap.
ii.It is also expected that this collaboration will unlock $1 trillion in capital for Priority Sector Lending (PSL) in
tier 2,3,4 cities, small enterprises, and farmers.
iii.On Yubi Co.Lend, SBI can choose its co-lending partners including NBFCs (Non-Banking Financial
Companies) , HFCs (Housing Finance Companies) or fintechs, and create its co-lending product programme, and
digitally manage operations.
iv.Yubi will also build, manage and monitor SBI’s co-lending portfolio, and ensure all compliance to enhance the
user experience.
Background:
In November 2020, the Reserve Bank of India (RBI) introduced a co-lending model, under which banks can
provide loans in partnership with NBFCs, HFCs to priority sector borrowers based on a prior agreement. Its
objective is to improve the flow of credit to the unserved and underserved sector of the economy and to make
available funds at a cheaper rate.
What is Priority Sector Lending (PSL)?
PSL provides credit to those sectors which impact large sections of the population, the weaker sections and the
sectors which are employment-intensive such as agriculture, and Micro and Small enterprises (MSEs). This role
is exercised by RBI to banks.
About State Bank of India (SBI):
Chairman– Dinesh Kumar Khara
Headquarters– Mumbai, Maharashtra
Tagline–The banker to Every Indian
About Yubi:
Founder and CEO– Gaurav Kumar
Headquarters– Chennai, Tamil Nadu
UCO & Yes Bank Partners with Two Russian Banks for Payments
Yes Bank and UCO Bank have partnered with two Russian banks for undertaking businesses with Russia. The
UCO Bank has tied up with Gazprom Bank and the Yes Bank has signed an agreement with Petersburg Social
Commercial Bank (PSCB) of Russia.
Key points:
i.This agreement took place after the Reserve Bank of India (RBI) allowed foreign payments through special
vostro accounts.
• Earlier the foreign payments were made in Euro or other foreign currency.
Muthoot Finance ties up with Lulu International Exchange for gold loan repayment
Muthoot Finance Limited signed a Memorandum of Understanding (MoU) with Lulu International Exchange,
United Arab Emirates (UAE) based company, to work as its collection partner. Through this MoU, Muthoot
Finance aims to ease money transfers for over 4 lakh Non-resident Indians(NRIs) in UAE whose relatives have
availed gold loans in India.
• It will provide benefit to customers and their relatives who have availed gold loans by providing
them with a way to pay their gold loan installments at special rates. It offers fast and reliable money
transfer and foreign exchange service powered by a robust network, reputed partners, and high
standards of customer care.
• NRIs can avail the service at any of the 89 branches of Lulu Exchange spread across the UAE. The
loan installments 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, with the share of remittances from GCC (Gulf
Cooperation Council) countries to Kerala, Tamil Nadu, and Karnataka being the highest.
BANKING TECHNOLOGY
Open Door: Axis Bank and Square Yards launched a Platform for Hassle-Free Home Buying
Axis Bank and Square Yards have launched a co-branded first-of-its-kind unified platform, a home buyer
ecosystem namely ‘Open Door’. It is an integrated platform that makes the entire process of finding and
purchasing a house a hassle-free and effective process for clients.
• Square Yards is India’s largest integrated Real Estate platform while Axis Bank is India’s third
largest private sector bank.
• Square Yards will utilize Axis Bank’s geographical reach and diversified portfolio of financial
products to enhance homebuyer experience.
Key points:
i.It is a first-of-its-kind unified platform that will handle all consumer inquiries around residential real estate.
ii.It will provide cost-effective end-to-end home purchasing support, exclusive builder inventory access,
seamless home loan processing, and additional services like rental and property management, home furnishing,
and legal and technical services.
iii.The joint offers from Square Yards and Axis Bank on home buying, home loans, and other related property
services will be included in the real estate inventory displayed on the Open Doors platform. It will bring down
the total cost of home ownership.
About Square Yard:
Founder and CEO– Tanuj Shori
Headquarters– Gurugram, Haryana
About Axis Bank:
Managing Director and Chief Executive Officer– Amitabh Chaudhry
Headquarters– Mumbai, Maharashtra
Tagline– Badhti Ka Naam Zindagi
HSBC Commits Rs. 125 Crore to Green Causes & Energy Transition Projects in India Over the
Next 5 Years
Hongkong and Shanghai Banking Corporation Limited (HSBC), one of the world’s major banking and financial
services organisations headquartered in London, United Kingdom (UK), has committed Rs. 125 crore over the
next five years to promote green initiatives in India as part of its efforts to mitigate the impacts of climate
change.
• The initiatives include wetland protection and energy transition projects.
Significance
As part of the commitment, HSBC has divided the project into two major categories, including energy transition
and nature-based solutions.
i.The nature-based solutions will include initiatives to safeguard and revitalize wetlands, mangroves, and
forests; restore the landscape; and support sustainable agriculture.
ii.The energy transition will comprise renewables and energy efficiency programmes, to assist the shift
towards renewables.
• It will optimize efficiency projects in sectors such as healthcare, dairy cold chain, and for productive
energy use by communities.
Other HSBC Commitments
HSBC will collaborate with the government and expert institutions to improve its learning and develop creative
solutions and possibilities.
i.It has collaborated with the non-profit organizations such as WWF India and the India Resources Trust (WRI
India) to implement projects in eight states.
ii.In Jharkhand, Maharashtra, West Bengal, and Assam, it has partnered with civil society organizations (CSO) to
provide integrated clean energy solutions of 300 Kilowatt (kW) at healthcare institutions.
• Additionally, it seeks to produce 500 kW of RE capacity in the Sundarbans in West Bengal and 1,000
kW of new RE-based cold chain infrastructure in Rajasthan and Gujarat.
iii.In order to facilitate exchanging ideas and sharing best practices, HSBC has also launched a dialogue
platform called “CEOs on Sustainability.”
• It aims to bring together policymakers, think tanks, financial institutions, and industry leaders from
the public and private sectors.
Note: Chief Executive Officer of HSBC India – Hitendra Dave
IDFC FIRST Bank Joins the Open Network for Digital Commerce
On 6th September 2022 IDFC FIRST Bank joined the Open Network for Digital Commerce (ONDC), an initiative
of the Ministry of Commerce and Industry(MoCI), to enable early adoption of the network among its customers.
BOI Becomes First PSB to Go Live On New Direct Tax Collection System TIN 2.0
Bank of India (BOI) has become the first Public Sector Bank (PSB) to go live with the new Direct Tax Collection
System -Tax Information Network, TIN 2.0. (e-filing).
• TIN 2.0 (e-filing) is the official portal of the Income Tax Department, Ministry of Finance.
Tax Information Network, TIN 2.0 (e-filing)
The TIN 2.0 (e-filing) portal was developed by the Income Tax Department as a Mission Mode Project under the
National E-Governance Plan.
• This portal aims to offer taxpayers a single window access for income tax-related services including
tax payments.
Key Points
i.With this technological integration of BOI on the TIN 2.0 platform, taxpayers will now have a single platform
for tax payment and e-filing of tax returns.
• The procedure is simple and fast and it allows taxpayers to make payments at their convenience.
ii.Taxpayers can now make their direct tax payments at any BOI branch across India, as they accept direct tax
collection via over-the-counter (OTC) mode.
Recent initiative of Bank of India (BOI)
In July 2022, BOI became the first bank to launch a Unified Payments Interface (UPI)-enabled digital portal for
enrollment of National Pension System (NPS) in collaboration with K-fintech.
• The digital approach entails scanning QR codes, Aadhar verification with Digilocker, and payment
through UPI.
About Bank of India (BoI):
MD & CEO – Atanu Kumar Das
Establishment – 1906
Headquarters – Mumbai, Maharashtra
Tagline – Relationship Beyond Banking
Verite Research Think-Tank: India Emerges as Sri Lanka’s Top Lender in 2022
According to the Verite Research, a Colombo-based independent interdisciplinary think-tank, India has
become Sri Lanka’s biggest lender in 2022, providing a loan of USD 377 million as it faced political crisis and
economic unrest.
• The Asian Development Bank (ADB) is the largest multilateral lender to Sri Lanka providing USD
360 million in loans that accounts for 76 percent of total disbursements from January 2022 to
April 2022.
HDFC Bank Issues India’s First Electronic Bank Guarantee (E-BG); Also signs MoU with Institute
of Economic Growth
HDFC Bank, India’s largest private sector bank, has become the first bank in India to issue an Electronic Bank
Guarantee (e-BG), in partnership with National E-Governance Services Limited (NeSL).
• The introduction of e-BG eliminates the lengthy, paper-based procedure and enables faster
processing, instant delivery, instant verification, and better security.
• The eBG will be issued using the NeSL paperless eStamping Digital Document Execution (DDE)
platform.
Key Points:
i.Physical stamping has been replaced with eStamping, and with eBG, the applicant and beneficiary can
instantly view a bank guarantee on the NeSL portal.
• e-BG will be issued on the NeSL portal through an Application Programming Interface (API) -based
digital workflow.
ii.The bank aims to totally switch over to the eBG platform, to hasten the issuing of BGs to its clients.
iii.It is developed in consultation with the NeSL, Central Vigilance Commission (CVC)- Central Bureau of
Investigation (CBI) committee, and the Indian Banks’ Association (IBA).
Note: Debajyoti Ray Chaudhuri is the MD & CEO of NeSL.
About Bank Guarantee:
A bank guarantee refers to a promise provided by a bank or any other financial institution that if a certain
borrower fails to pay a loan, then the bank or the financial institution will take care of the losses.
SBI Joins 5-trillion Market Cap Membership; Stock Surges 26% in 3 Months
State Bank of India (SBI) has joined the Rs 5.03 trillion market capitalization (market cap) for the first
time after its shares reached a record high of Rs 564.45 on the BSE index.
• According to the data from BSE Limited, SBI stood at the 7th position in the overall market cap
ranking, with a market cap of Rs 5.03 trillion.
Key highlights:
i.SBI has become the 3rd lender in India to cross the market cap of Rs 5 trillion.
• HDFC Bank, India’s largest private lender holds 1st position with a market cap of Rs 8.38 trillion
and ICICI Bank holds the 2nd position with a market cap of Rs 6.33 trillion.
ii.In the past 3 months, SBI has outperformed the market by surging 26 percent, as against 13.9 per cent rise in
the BSE Sensex.
About State Bank of India (SBI):
Chairman – Dinesh Kumar Khara
Establishment – 1st July 1955
Headquarters – Mumbai, Maharashtra
SBI WeCare FD scheme for senior citizens extended till March 31, 2023
The State Bank of India (SBI)’s ‘WECARE’ Senior Citizens’ Fixed Deposit (FD) scheme has extended upto 31st
March 2023.
• In 2022, SBI launched the special FD scheme “SBI WECARE” to secure senior citizens’ income by paying
additional interest on term deposits.
• The scheme is offered for new deposits as well as the renewal of maturing accounts.
Federal Bank & Union Bank launches pilot for Digitalization of KCC lending in TN & MP
respectively
On September 19, 2022, the Federal Bank launched a pilot for instant Kisan Credit Card (KCC) lending in order
to digitalize rural finance in select districts of Tamil Nadu (TN). The instant KCC was developed by the Reserve
Bank Innovation Hub (RBIH), a subsidiary of Reserve Bank of India (RBI). It is digital loan scheme.
Key Points:
i.This digital loan scheme will be an easy experience for the farmers as compared to the conventional method of
lending in terms of convenience and turnaround time.
ii.The platform will use e-KYC (Know Your Customer) and eSign, Application Programming Interface (APIs)
developed by the Tamil Nadu E-Governance Agency (TNeGA), and credit history from bureaus to process
loans to farmers in a matter of few minutes.
Earlier this month, RBI announced the pilot for KCC lending in Madhya Pradesh and Tamil Nadu in September
with Union Bank of India and Federal Bank, respectively, as partner banks and with active cooperation of the
State governments.
Union Bank of India launches end-to-end digitalization of Kisan Credit Card
Union Bank of India (UBI) also launched end-to-end digitalization of KCC product for farmers as part of its
flagship digital transformation project ‘Sambhav’. It was launched by Ms. A Manimekhalai, MD & CEO, UBI in
Harda District of Madhya Pradesh (MP), as Pilot Project.
• This product envisages to make the KCC lending process more efficient and farmer friendly.
• It is also aimed at overcoming the challenges faced by farmers like in-person visit to a bank branch,
submission of land ownership and other documents, and high turn-around time in getting the KCC.
Click Here for Official Notification
Recent Related News:
i.UBI has taken the next step in promoting employees’ career trajectories and improving
diversity in banking with Union Prerna 2.0-EmpowerHim, an industry-first and men-focused committee
dedicated to improving the workplace environment.
ii.Federal Bank becomes the First Bank to list its Payment Gateway platform on the Tax Information Network
(TIN) 2.0 platform of the Income Tax Department.
About Union Bank of India:
MD & CEO– A Manimekhalai
Headquarters– Mumbai, Maharashtra
Tagline– Good People to Bank with
About Federal Bank:
MD & CEO– Shyam Srinivasan
Headquarters– Aluva, Kerala
Tagline– Your Perfect Banking Partner
IDRBT Pioneers the Development of New Low-Cost Financial Network: To Bring Banking to
Remote Places
The Institute for Development and Research in Banking Technology (IDRBT), a unit of the Reserve Bank of
India (RBI), has developed a novel technology that allows people in remote hilly and forest areas without
satellite signal to access banking services.
• IDRBT is the first in the world to build a network based on Long Range Radio (LoRa) technology.
KMBL Launches Everyday Savings Account; KMBL &IIT-M partners to Launches Kotak IITM
Save Energy Mission
On 20th September 2022, Kotak Mahindra Bank Limited (KMBL) launched a one-of-a-kind Everyday Savings
Account (Daily Savings Account), a unique savings account designed to help customers in spending and saving
every day.
• This account comes with a Everyday RuPay Platinum Debit Card.
• With this account, the customers can either make 30 transactions of any value in a month and get
minimum balance charges waived or choose to maintain an average monthly amount of Rs 20,000.
About Everyday RuPay Platinum Debit Card:
i.The debit card will enable customers to avail every day offers on popular brands including Mitra, Swiggy, One
MG, MakeMyTrip, Licious in categories such as groceries, medicines, apparel, food delivery, travel.
• The customers can also avail offers on movies and dining from BookMyShow, EazyDiner along with
surprise rewards.
ii.It offers a higher daily limit of Rs. 3 lakhs within India and abroad for transactions along with higher ATM
withdrawal limits of Rs 1 lakh .
• It also offers free unlimited transactions at Kotak Bank ATMs and 10 free ATM transactions per
month at other bank ATMs.
KMBL Collaborates with IIT-M to Launch Kotak IITM Save Energy Mission
On 20th September 2022, Kotak Mahindra Bank Limited (KMBL) and Indian Institute of Technology-
Madras (IIT-M) has announced a CSR (Corporate Social Responsibility) partnership to launch the ’Kotak
IIT-M Save Energy Mission’.
Union Minister Dharmendra Pradhan inaugurated the Kotak IITM Save Energy Mission at the IITM Campus,
Chennai, Tamil Nadu on 19th September 2022.
• This aims to encourage adoption of various energy conservation measures in the Micro, Small and
Medium Enterprises (MSME) sector.
Japan’s MUFG Bank increased the capital by Rs 3,000 crore in India Biz
On 21st September 2022, Japan-based Mitsubishi UFJ Financial Group (MUFG) Bank has increased the capital
of its branch in India by Rs 3,000 crore to expand its India business.
As a result of the increased capital, the total capital of MUFG Bank will rise to Rs 5,207 crore.
• MUFG Bank will strengthen its financial base in India and better respond to the diverse financing
needs of its clients through this capital increase.
• The bank has established MUFG Enterprise Solutions India Pvt. Ltd as its global competence centre
in 2020 to support the technology and innovation arm of MUFG.
• In March 2022, MUFG established a USD 300 million fund named MUFG Ganesha Fund to invest
exclusively in seeding Indian start-ups.
• MUFG expanded its presence by opening a branch at Gujarat International Finance Tec-City (Gift
City).
MoF Issues Guidelines for RRBs to Raise Resources Through IPOs & Rights Issue
The Ministry of Finance (MoF) has released guidelines for Regional Rural Banks (RRBs) to acquire capital
through rights issues, private placements with chosen investors such as large banks and insurance firms and
Initial Public Offerings (IPOs).
Regional Rural Banks (RRBs)
The RRBs are jointly owned by the Government of India (GoI), the respective State Governments (SGs), and the
Sponsor Banks (SBs), with equity contributions in the ratio of (GoI: SG: SB :: 50:15:35).
• There are currently 43 RRBs with 21,892 branches across India, sponsored by 12 scheduled
commercial banks (SCBs).
• As of March 2022, RRBs have deposits, loans, and advances (net) aggregating Rs. 5,62,538 crore and
Rs. 3,42,479 crore, respectively.
The Guidelines for RRBs
i.Prior to issuing shares to the public via the IPO route, RRBs should consider issuing bonus shares (to reward
existing shareholders who have not been paid dividends and have first claim on the existing reserves) and
a Rights Issue in consultation with merchant bankers and the sponsor bank.
ii.The total value of the issue may ideally be placed through a rights offer with the provision allowing promoter
shareholders to subscribe/renounce the offer.
iii.Large banks and insurance organizations such as Life Insurance Corporation (LIC) may be granted equity
shares.
• Other private insurance firms, pension funds, and mutual funds could be approached to subscribe in
the book building process.
UCO Bank Becomes the First Lender to Receive RBI Approval for Rupee Trade
UCO Bank, a Public sector lender, has become the first bank to receive approval from the Reserve Bank of
India (RBI) to open a special vostro account with Russian bank ‘Gazprombank’ (Joint Stock Company) for the
settlement of transactions in Indian Rupees (INR).
• Previously, in July 2022, the RBI published a circular enabling trade settlements between India and
other nations, including Sri Lanka and Russia, to be made in Indian rupees (INR).
Key Points
i.Indian importers undertaking the INR trade mechanism will make payments in INR for their purchases
against invoices from international sellers and suppliers.
• These payments must be credited to the special vostro account at the correspondent bank of the
partner country.
ii.The market will establish the exchange rate between the currencies of the two trading partners.
iii.Indian exporters sending goods and services using this mechanism should be paid in INR from balances in
the specified special Vostro account of the partner country’s correspondent bank.
Gazprombank of Russia
Gazprombank, a Russian lender, was established by Gazprom, the world’s largest gas producer and exporter, to
provide banking services to gas industry enterprises.
• It is one of the top three banks in Russia and has been in operation since 1990.
Other Related Fact: The Union government designated UCO Bank as the payment bank for Iranian oil
purchases in 2012. Since 2019, India has stopped purchasing oil from Iran.
About UCO Bank
MD & CEO – Soma Sankara Prasad
Establishment – 1943
Headquarters – Kolkata, West Bengal
Tagline – Honours your Trust
Federal Bank Launches Facility to Enable Utility Bill Payment for NRI
On 20st September 2022, Federal Bank Limited has partnered with the NPCI Bharat BillPay
Limited (NBBL) and Lulu Financial Group, based in the United Arab Emirates(UAE), to enable Utility Bill
Payment services for Non-Resident Indian (NRI) Diaspora in GCC(Gulf Cooperation Council) Region.
• With this, Federal bank and Lulu Financial Group became the first to go live with Bharat BillPay
Cross-Border Bill Payments.
Note – NPCI Bharat Billpay Limited (NBBL) is a wholly-owned subsidiary of the National Payments Corporation
of India(NPCI).
Key highlights:
i.This allows NRIs to remit money directly to pay for their utility bills back home through any LuLu Exchange
branch, as well as the digital money transfer app, LuLu Money.
ii.Around 20,000 billers across 20 categories are covered under this cost-effective and convenient option.
Note – Recently, the Reserve Bank of India (RBI), permitted foreign inward remittances to be received under
the rupee drawing arrangement (RDA) through BBPS.
About Federal Bank Limited:
Chief Executive Officer (CEO) – Shyam Srinivasan
Headquarters – Aluva, Ernakulam, Kerala
FINANCE NEWS
NPCI directs Apps to Stop Charging Platform Fees on BBPS
The National Payments Corporation of India (NPCI), has directed the payment apps not to charge a platform
fee for payments on Bharat Bill Payment System (BBPS) payments.
• One of the largest Unified Payments Interfaces (UPI) is PhonPe in India. The NPCI’s directive came
after the payment platforms started to charge fees on recharges and other payments.
• NPCI released a directive after Paytm started to charge Rs 1 for various bill payments.
• Both Paytm and PhonePe announced their immediate discontinuation of the charging payment fees
on the BBPS. According to PhonePe’s result on its experiment, 98% of the consumers were ready to
pay the fees.
Reliance General Insurance & Policybazaar Partners to Launch Reliance Health Gain Policy
Reliance General Insurance has launched Reliance Health Gain Policy, one of its most flexible and popular
products on Policybazaar’s online platform to ensure insurance accessibility for all.
• This policy which was launched in May 2022, ensures freedom for customers to choose and
personalise their health policies as per their requirements.
Key highlights:
i.Reliance Health Gain Policy is available in 3 different plans that includes Plus, Power and Prime along with
certain features to facilitate customisation of policy for each customer.
ii.The policy equips 38 industry-leading features such as, Double Cover that provides twice the amount of
sum insured to be used during the same claim; Unlimited reinstatement to restore the base sum insured
amount as many times as it gets exhausted during a policy year; Guaranteed Cumulative Bonus, that protects
loss of cumulative bonus post claim; the benefit to reduce Pre-Existing disease waiting period from 3 years to 2
or even 1 year.
Note – The non-life insurance penetration in India is about 1 percent of GDP whereas the global
average stands at 4.1 percent.
Lord’s Mark Industries Gets Direct Insurance Broking Licence from IRDAI
Lord’s Mark Insurance Broking Services Private Limited, the insurance division of Lord’s Mark
Industries, has received the direct insurance broking licence from Insurance Regulatory and Development
Authority of India (IRDAI) for selling life and general insurance products.
• The company will penetrate the under-served market segments in tier-2 and tier-3 towns in
addition to metro cities.
Max Life Launches 3-in-1 market-linked solution – ‘Smart Flexi Protect Solution’
Max Life Insurance Company Limited has launched ‘Smart Flexi Protect Solution’, a three-in-one (3-in-1)
plan that provides health and enhanced life cover, along with market-linked investment returns.
• This is designed for earning individuals, especially for self-employed profiles.
About Smart Flexi Protect Solution:
i.Smart Flexi Protect Solution is a combination of Max Life Flexi Wealth Plus and Max Life Critical Illness
and Disability Secure Rider that offers wealth creation along with comprehensive protection against death,
disability and critical illness.
ii.Max Life Flexi Wealth Plus – Flexi Wealth Plus will help create financial protection with enhanced life cover
plus savings with market-linked returns.
• This plan 5 different investment strategies and 11 funds along with return of mortality charges at
maturity.
iii.Max Life Critical Illness and Disability Secure Rider – The Critical Illness and Disability Secure Rider acts
as a financial net that offers coverage against 64 critical illnesses and total permanent disability.
Other Features:
i.This solution has enhanced death benefit by offering financial protection for the nominees in the event of the
unfortunate demise of the insured.
ii.This also helps policyholders in meeting investment objectives through market-linked returns.
iii.Tax benefits are available as per the prevailing tax laws.
About Max Life Insurance Company Limited:
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank
Limited.
Managing Director (MD) & CEO – Prashant Tripathy
Founded in 2000, Started operations in 2001
Headquarters – New Delhi, Delhi
Nippon Life India Asset Management & DWS Group to launch a European-listed Indian
Government Bond ETF
Nippon Life India Asset Management (Singapore) Pte. Ltd, a wholly-owned subsidiary of Nippon Life India
Asset Management Ltd and DWS Group has collaborated to provide portfolio management and investment
advisory services to the European-listed Indian Government Bond Exchange Traded Funds (ETF).
Highlights:
i.Under this collaboration, clients of DWG Group will get access to the attractive Indian bond market.
ii.As of August 2022, the market size for securities issued by the Indian government was over USD 1 trillion,
which placed India between corresponding markets in Canada and Spain.
• India ranked second in the emerging markets of local currency (first is China).
iii.Currently Indian rupee-denominated government bonds due to limited liquidity and accessibility are not
included in the flagship indices such as Bloomberg Global-Aggregate or J.P. Morgan Government Bond –
Emerging Markets Global Diversified.
About Fully Accessible Route (FAR):
i.The FAR is a separate channel established by the Reserve Bank of India (RBI), in consultation with the
Government of India(GoI).
ii.Under the FAR, only eligible investors can invest in specified Government securities without any investment
ceilings. The instruments comprise FAR-eligible fixed-rate and zero-coupon bonds.
iii.The relevant index (J.P. Morgan India Government Fully Accessible Route (FAR) Bond index) aims to track
the performance of fixed-rate Indian rupee-denominated Indian government bonds that are made eligible for
investment to non-residents under the Fully Accessible Route (FAR).
Fitch Ratings Global Economic Outlook-September 2022: India’s FY23 GDP Growth Forecast Cut
to 7% from 7.8%
Fitch Ratings, a global ratings agency, lowered India’s economic growth forecast for fiscal year 2022–23
(FY23), as measured by Gross Domestic Product (GDP) to 7%, from its June 2022 forecast of 7.8% in its Global
Economic Outlook–September 2022 special report.
• It now forecasts a further slowdown in India’s GDP in FY24, to 6.7 %, compared to its earlier
projection of 7.4 %.
Key Points:
i.The (Indian) economy recovered in the second quarter (Q2) of 2022, growing 13.5% year-on-year, but falling
short of the rating agency’s June 2022 forecast of 18.5% growth.
Goldman Cuts India’s Growth Forecast; Morgan Stanley Sees Downside Risks
Goldman Sachs decreased India’s Gross Domestic Product (GDP) growth forecast for the full-year 2022 from
7.6% to 7%, in addition to lowering its forecasts for the current fiscal year 2022-23 (FY23) by 20 basis points
from 7.2%.
• The research firm cut its growth projections for India downward after the April–June 2022 quarterly
GDP figures fell short of market expectations.
For FY23, Morgan Stanley’s growth projection of 7.2% for FY23 is subject to a 40 basis point downside risk.
Key Points:
i.In the April–June 2022 quarter, India’s real GDP growth climbed by 13.5% year-on-year, underperforming
economists’ projections of 15.2%.
ii.Sequentially, the pace of GDP growth slowed to a quarter-on-quarter expansion of -3.3% after increasing by
0.5% in the January-March 2022 period.
iii.Despite the fact that the primary drivers of domestic demand met Goldman Sachs’ estimates, a huge drop in
inventories and statistical inconsistencies were unexpected.
iv.India’s GDP fell short of forecasts, partially due to slightly weaker-than-expected investment growth and a
greater drag from net exports.
Ind-Ra Lowers India’s GDP Growth Forecast for FY23 from 7% To 6.9%; India’s CAD Estimated
to Be 3.4% Of GDP in Q1FY23
India Ratings & Research (Ind-Ra), a wholly owned subsidiary of Fitch Group, lowered India’s Gross Domestic
Product (GDP) growth forecast for fiscal year 2022-23 (FY23) by 10 basis points to 6.9% from 7.0%
previously.
Key Points:
i.Despite stronger-than-expected growth in Private Final Consumption Expenditure (PFCE) and Gross Fixed
Capital Formation (GFCF) in the April-June quarter (Q1 FY23), Ind-Ra anticipates Government Final
Consumption Expenditure (GFCE) to slowdown and net exports (exports-imports) to decrease in FY23.
• It projects quarterly growth of 7.2%, 4%, and 4.1% in Q2 FY23, Q3 FY23, and Q4 FY23, respectively.
ii.With this, Fitch and Ind-Ra join analysts like SBI Economic Research Division “SBI Ecowrap” (6.8%) in
reducing their growth projection.
iii.The Reserve Bank of India (RBI) forecasted that growth will decrease to 6.7% from 7.4% in FY24 (2023–24)
as well.
iv.In August 2022, the Government announced that India’s economy grew by 13.5% in Q1 FY23, the fastest in
the last four quarters.
Ind-Ra Estimates India’s CAD Widened to 3.4% Of GDP in Q1FY23
According to Ind-Ra, the Current Account Deficit (CAD) increased from USD 13.4 billion (1.5% of GDP) in the
January-March quarter (Q4 FY22) to USD 28.4 billion (3.4% of GDP) in the April-June quarter (Q1 FY23).
• In terms of GDP share, this would be the highest in 36 quarters, and in terms of absolute value, it
would be the highest in 38 quarters.
Current Account Deficit (CAD)
A CAD is the difference between the amount of money coming in from exports and the amount leaving the
country through imports. A CAD shows that a nation is importing more than it is exporting.
• It implies a higher demand for dollars, which would cause the value of the rupee to decline.
Key Points:
i.India had a surplus of USD 6.6 billion (0.9% of GDP) in the April-June quarter (Q1) of FY22.
ii.According to Ind-Ra, despite reaching a record high of USD 121.2 billion in Q1 FY23, Merchandise
Exports are expected to slow to USD 104.2 billion in Q2 FY23, a 1.40% increase.
iii.The International Monetary Fund (IMF) reduced its forecast for Global GDP growth to 3.2% in 2022 from
3.60%, in its July 2022 update to the World Economic Outlook.
iv.Furthermore, the GDP projections for some of India’s major export destinations, including the United States
(US), the Eurozone, and China, have been revised in a downward direction.
Recent Related News:
Fitch Ratings, a global ratings agency, in its Global Economic Outlook–September 2022 special report, lowered
India’s economic growth forecast for fiscal year 2022–23 (FY23), as measured by GDP to 7%, from its June
2022 forecast of 7.8%.
India’s UAV ecosystem gets World’s Largest Drone Fund investment of up to USD 40 million
Japan-based USD 170 million Drone Fund (DF), one of the world’s largest Venture capital fund that specialises
in supporting the Unmanned Aerial Vehicle (UAV) ecosystem plans to invest up to USD 40 million in Indian
companies operating in the sector.
Japan’s largest drone manufacturer, ACSL ( Autonomous Control Systems Laboratory Ltd), has tied up with an
Indian Company, Aerodyne India. Currently, Drone Fund (DF) also has a manufacturing unit in Tamil Nadu.
Key Highlights:
i.Soki Ohmae, the DF Co-founder and Managing Partner made a joint venture partnership with Arjun
Aggarwal, Managing Director (MD) of Aerodyne India, to promote make-in India and expressed Japan’s
tremendous faith in Indian Technology.
ii.In order to tackle the issue of battery shortage faced by the drone industry, Aerodyne focused to set up its
own battery manufacturing unit in India.
iii. The Primary focus of DF is to invest in agro drones to increase crop page through scientific methods that
can help drones to enable. The aim of this work is to revolutionise the agriculture method.
Note: Due to Chinese-made-Drone being found to have some security weaknesses, Indian UAVs got this huge
fund.
5 PSLV rockets to build by HAL-L&T Consortium & bags Rs 860 crore deal from NSIL
The Hindustan Aeronautics Limited (HAL) and Larsen & Toubro (L&T) were given Rs 860 crore to
build 5 Polar Satellite Launch Vehicles (PSLVs) rockets, the versatile workhorse launch vehicle of India and the
contract has been signed by the Indian Space Research Organisation (ISRO).
• This project was announced on 5th
September 2022, at the 7th edition of the
biennial Bengaluru Space Expo (BSX-2022)
which was organised by the Confederation
of Indian Industry (CII) in association with
ISRO.
• NewSpace India Limited (NSIL), under the
Department of Space (DoS) and ISRO, has
signed a service level agreement with the
industry for production.
Key Highlights:
i. Since 1990, ISRO provides satellite launch services through PSLV carried out more than 52 successful flights
and rockets, and achieved its operational status.
ii. 104 satellites have been injected by PSLV and made a world record in September 2016.
iii. To undertake end-to-end production of PSLV, the HAL-L&T consortium emerged and became the technically
qualified L1 bidder and it was approved by the Government to increase the authorised share capital of NSIL
from Rs 1,000 crore-Rs 7,500 crore.
Reliance Industries will build the World’s largest Carbon Fibre Plant by 2025 in Gujarat
Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL) has announced to build of India’s first and
one of the world’s largest Carbon Fibre Plant in Hazira, Gujarat. The plant’s 1st phase will be completed by
2025.
• The plant, based on Acrylonitrile feedstock, will have a capacity of 20,000 Metric Tonnes Per Annum
(MTPA).
• The investment of RIL is Rs 75,000 crore over the next 5 years in RILs Oil-to-Chemical (O2C)
business to expand capacities in existing and new value chains. The value chains are- Polyester value
chain, Vinyl chain, and New Materials.
• He also announced to build one of the world’s largest single-train Purified Terephthalic Acid (PTA)
plant of 3 million metric tonnes per annum (MMTPA) capacity at Dahej, Gujarat.
Sachin Bansal’s Navi Technologies gets SEBI nod for IPO, To raise up to Rs 3,350 crore
Flipkart co-founder Sachin Bansal’s Navi Technologies, a tech-driven financial products and services start-up
received the approval from the Securities and Exchange Board of India (SEBI) for its Rs 3,350 crore Initial
Public Offer (IPO).
• The company filed its Draft Red Herring Prospectus (DRHP) to raise Rs 3,350 via an IPO in March
2022.
• According to the DRHP, of the total Rs 3,350 crore that it plans to raise from the public issue, Rs
2,370 crore will be invested in Navi Finserv and Rs 150 crore will be infused into the general
insurance arm. The rest will be used for overall expansion plans.
Note: Founded by Sachin Bansal and Ankit Agarwal in 2018.
JMC Projects signed contract with Maldives for Hanimaadhoo International Airport Project
On 26 September 2022, JMC Projects (India) Limited signed an agreement with the Government of Maldives for
the Maldives Hanimaadhoo International Airport Project. The estimated contract value is around USD 136
million.
• It is the first ever largest infrastructure project to be undertaken outside of Greater Malé region
signed under concessional credit between Maldives and India.
• It is funded under the USD 800 million concessional Line of Credit (LoC) extended by Government of
India to the Maldives.
• The project is funded through the USD 800 million concessional Line of Credit(LoC) from EXIM Bank
of India signed in 2019.
• The project is scheduled to kick off later in 2022 and will be completed in 2024.
Signatories:
The agreement was signed by Managing Director of Regional Airports, Mohammed Rizvi, on behalf of the
Maldives government and JMC’s Vice-President, KS Reddy, at a ceremony held on September 26, 2022.
About the Project:
i.Under the project, India will build a 2.46 km (kilometre) runway as well as a terminal that can serve 1.3
million people every year.
ii.The project includes major infrastructure and operational upgrades on the airside, landside and building
infrastructure. Facilites required to further expand international flights will also be established.
iii. Hanimaadhoo Airport project includes the 10,230 square metre(m) building including land and seaside
connectivity and passenger facilities.
iv.Under this project, the existing Runway will be extended to 2460 m from the current 1350 m and a total
NHPC inks MoU with PTC India Limited for sale of power to be generated from upcoming West Seti &
Seti River-6 Projects in Nepal
On 30 August 2022, NHPC Limited (formerly known as National Hydroelectric Power Corporation) signed a
Memorandum of Understanding (MoU) with PTC India Limited (formerly Power Trading Corporation of India
Limited) at NHPC Corporate Office, Faridabad, Haryana for sale of power to be generated from upcoming West
Seti & Seti River-6 Projects in Nepal.
Vitamin Angels India partners with UNICEF India for ‘Rashtriya Poshan Maah 2022’; to combat
under-nutrition in India
Vitamin Angels India announced a partnership with the United Nations International Children’s Emergency
Fund (UNICEF) India for ‘Rashtriya Poshan Maah 2022’ (Poshan Maah 2022) to address under-nutrition in
the country.The partnership will extend into the launch of the Poshan Innovation Platform (PIP) in January
2023 with the same aim (to fight with undernutrition).
Aim:
• Under the Government’s Poshan Maah campaign, the partnerships aim to spread nutrition-related
awareness.
• Also to improve the nutritional status of mothers and children under 5 years.
Aim of Poshan Innovation Platform (PIP):
• The PIP aims to develop continuous sandboxing of ideas, mentoring by experts, and seed funding by
the private sector.
• The initiative calls for ideas for innovations around Maternal, Infant, and Young Child Nutrition
(MIYCN) interventions from across the country.
About ‘Rashtriya Poshan Maah 2022’:
The campaign ‘Rashtriya Poshan Maah ’ is annually celebrated in the full month of September (1 to 30) across
India by the Ministry of Women and Child Development (MoWCD), which was launched in 2018.The ‘Rashtriya
Poshan Maah 2022’ is the 5th year of the campaign.
Key Highlights:
i.The activities on nutrition-related awareness are primarily focused on vulnerable communities with low
awareness of nutritional security.
ii. The 5th National Family Health Survey (NFHS) (2019-2021) has indicated a slight improvement in
undernutrition indicators, but several other associated factors of deficiencies in children continued to be major
challenges.
BEL Signs MoU with Smiths Detection for High-Energy Scanning Systems
Bharat Electronics Limited (BEL), a Defence public sector undertaking (PSU) signed a Memorandum of
Understanding (MoU) with Smiths Detection Group Ltd., a threat detection and security inspection
technologies company, to offer advanced, high-energy scanning systems to the Indian market.
The MoU is for a period of 5 years and can be extended further.
Key highlights:
i.The MoU, signed in line with ‘Make in India’ initiative, will leverage the high-end, technological capabilities of
both the firms to meet India’s security needs.
ii.According to the agreement, BEL will handle front-end requirements in the market, supporting the
localisation of projects whereas Smiths Detection will provide its expertise and screening technology for the
project.
Note – To facilitate the ease of doing business and enhance safety, the Indian government is investing in port
and land border security.
About Bharat Electronics Limited (BEL):
Chairman & Managing Director (MD) – Dinesh Kumar Batra
Establishment – 1954
Headquarters – Bengaluru, Karnataka
DICV, IIT Madras Incubation Cell partner to accelerate future mobility solutions
On 2 September 2022, Daimler India Commercial Vehicles Private Limited (DICV), a wholly-owned
subsidiary of Daimler Truck AG (Daimler Truck) signed a Memorandum of Understanding (MoU) with Indian
Institute Technology (IIT) Madras Incubation Cell (IITMIC) to set up a technology epicentre to identify mid
to long-term solutions necessary for the future of Mobility.
• The partnership coined as DICV-IITMIC was inaugurated at the IIT Madras Research Park in
Chennai, Tamil Nadu.
• DICV is the first Original Equipment Manufacturer (OEM) from the Indian automotive space that has
partnered with an academia like IITMIC for mobility solutions.
Key points:
i.DICV in association with IITMIC will identify, mentor and provide opportunities to Indian technology start-up
companies who will work towards finding futuristic solutions for the mobility space.
Note: under this new initiative, 2 startups, Tutr Hyperloop and Ozone Motors, have been identified.
About DICV-IITMIC:
i.The DICV and IITMIC Incubator will jointly incubate Indian technology start-ups working in the areas of future
mobility.
• They will also co-incubate 10-15 star ups in the areas related to mobility, manufacturing, IoT
(Internet of Things) and sustainability at their incubator
ii.The main focus will be on various aspects including de carbonisation (Electric, Hydrogen), Road safety
(ADAS-based safety technologies), Efficiency (Autonomous, connected vehicles, Data Analytics), Ecosystem
creation (Truck as a Service) and prepare the industry for paradigm shifts in supply chain and logistics,
manufacturing, product development and other allied areas.
iii.DICV-IITMIC will leverage commercial vehicles domain expertise of DICV and academic proficiency of IITMIC
to strengthen the innovation and startup ecosystem across India.
About Daimler India Commercial Vehicles (DICV):
MD & CEO-Satyakam Arya
Headquarters- Chennai, Tamil Nadu
Founded- 2009
GoI Extends Ceasefire Agreement with The NSCN-K Niki Group for Another Year, Until
September 2023
The Ministry of Home Affairs (MHA), Government of India (GoI), has granted a one-year extension to the
cease-fire agreement with the National Socialist Council of Nagaland-Khaplang (NSCN-K) Niki group, a
split-off faction of the Naga insurgency organisation NSCN, with effect from September 8, 2022, to September 7,
2023.
• The ceasefire agreement between the GoI and the NSCN (K) Niki has been in effect for a year, from
September 2021.
Background
i.The NSCN was formed in 1980 but split into two groups NSCN-K & NSCN-IM in 1988.
• The NSCN-K was founded by Myanmar-based SS Khaplang in 1988 after detaching from NSCN.
• The NSCN-IM was formed by Isak Chishi Swu of Nagaland and Thuingaleng Muivah of Manipur that
called itself NSCN (IM).
ii.The NSCN (K) is commanded by Niki Sumi, against whom the National Investigation Agency (NIA) has
announced a Rs 10 lakh reward for killing 18 Indian Army soldiers in Manipur’s Chandel district in 2015.
Key Points:
i.On August 3, 2015, in the presence of Prime Minister (PM) Narendra Modi, MHA signed a framework
agreement with the prominent Naga group NSCN-IM to find a long-term solution.
• The negotiations with the group have so far failed since the GoI has rejected the NSCN- IM’s demand
for a separate Naga flag and constitution.
ii.The GoI has also held peace talks with NSCN breakaway groups in an effort to uphold stability and security in
the region.
iii.The groups that have signed cease-fire agreements include: NSCN- Neopao Konyak/Kitovi (NSCN-NK),
NSCN- Reformation (NSCN-R), NSCN K-Khango, and NSCN (K) Niki.
NIESBUD, IIE and ISB signed MoU to offer Entrepreneurial programmes to India’s youth
The National Institute for Entrepreneurship and Small Business Development (NIESBUD) and the Indian
Institute of Entrepreneurship (IIE), autonomous Organisations under the Ministry of Skill Development and
Entrepreneurship (MSDE), individually signed a Memorandum of Understanding (MoU) with the Indian School
of Business (ISB) to provide world-class management education through entrepreneurial programmes targeted
towards youth, job seekers and budding entrepreneurs.
What is in the MoU?
i.The agreement will enable the development and implementation of two programmes: Business Foundations
& Entrepreneurial Skills and Behavioural Skills Programme by ISB faculty and industry experts.
ii.Under this partnership, NIESBUD and IIE will drive the enrolment of youth, job seekers and entrepreneurs on
the ISB LMS (Learning Management System), across the 2 training programmes. On completion of the courses,
a joint course certificate will be provided to the participants.
iii.The partnership is in line with the vision of creating a holistic environment to support entrepreneurship and
skill development, making India the Skill Capital of the World.
About Training Programmes:
i.The Business Foundations & Entrepreneurial Skills programme–
• Under the programme introduction to microeconomics and macroeconomics and foundational
aspects of business are covered through marketing management, operations management,
competitive strategy, negotiation analysis and basics of finance.
• The entrepreneurial skills are provided through entrepreneurial orientation, understanding the
start-up development pipeline and identifying market needs, problems, and opportunities.
ii.The Behavioural Skills Programme-
• It is aimed at empowering youth with a range of skills and strategies to enhance their personal and
workplace effectiveness.
• The course will include building self-awareness, inculcating growth mindset, effective verbal & non-
verbal communications, presentation & public speaking, art of networking, building personal brand,
art of storytelling, intro to technology etc.
Note-
• NIESBUD is located in Noida, NCR of Delhi, Uttar Pradesh (UP)
• IIE is located in Guwahati, Assam.
• ISB is located in Hyderabad, Telangana.
Indian Army’s Western Command & NTPC Signed PPA for Solar Power
The Indian Army’s Western Command(WC) has signed a long-term Power Purchase Agreement (PPA)
with NTPC Limited(formerly known as National Thermal Power Corporation Limited) to
draw 25MW (Megawatt) solar power directly from the National Solar Grid of India for the next 27 years.
• The solar energy for the Western command will be sourced from Sholapur, Maharashtra.
• The PPA was signed at the Command Headquarters in Chandimandir, Haryana between NTPC
officials and officers of Western Command.
Key Points:
i.The deal with NTPC will support the WC to decarbonise around 38% of its energy portfolio and accumulate
substantial savings for the government.
ii.This is also in line with the National Solar Mission of the Indian Government, as it weans off the outdated
Haryana, Rajasthan, Delhi & UP sign pact for passenger vehicle movement
Haryana, NCT(National Capital Territory)-Delhi, Rajasthan and Uttar Pradesh (UP) signed the Status of
Combined Reciprocal Common Transport Agreement (CRCTA) for State Contract Carriage and Stage Carriage
among these governments.
• The status of the agreement was discussed during the a meeting of the Commissioner of Transport
Secretaries/Commissioners of NCR (CoTS) held on 19th September 2022 under the Chairpersonship
of Archana Agrawal, Member Secretary, National Capital Region Planning Board (NCRPB).
• The agreement will ensure seamless movement of passenger vehicles in the NCR.
About CRCTA:
Under CRCTA, There will be single point taxation for all motor cabs/taxis/auto rickshaw; all Stage carriage
buses, all State Transport Undertakings (STUs) of NCR, including city bus services.
It will encourage shifts of traffic from private vehicles to mass public transport vehicles and will help to ease
traffic congestion and reduce air pollution.
Key points of discussion:
i.Inter-state road connectivity among National Capital Region (NCR) states- (Haryana, NCT Delhi, Rajasthan and
UP ) road safety and possibilities of CNG (Compressed Natural Gas)/Electric buses in the region were discussed
in the meeting.
ii.The meeting also discussed ensuring vehicle location tracking devices and speed governors in all vehicles
under CRCTA.
• The rules for motor vehicle aggregators for NCR will be compliant with Motor Vehicle Aggregators
Guidelines-2020 of MoRTH (Ministry of Road Transport and Highways).
iii.The NCR states were requested to compile data on the black spots in the region along with locations of pan-
tilt-zoom (PTZ) cameras, emergency trauma care centres along MDR, National Highways, State Highways and
Expressways in NCR.
Panchayati Raj ministry & IRMA signed MoU to work towards SDGs
The Ministry of Panchayati Raj (MoPR), and the Institute of Rural Management Anand (IRMA), Gujarat signed a
Memorandum of Understanding (MoU) to strengthen Panchayati Raj institutions across India.
What is in the MoU?
i.The agreement will establish a framework under which MoPR and IRMA will collaborate in the area of Gram
Panchayat Development Planning for Localization of Sustainable Development Goals (LSDGs) through
Panchayati Raj Institutions (PRIs).
ii.Under the agreement both MoPR and IRMA will work together to find gaps and possible solutions to
overcome gaps in the preparation of model Gram Panchayat Development Plan(GPDP) linkages with LSDGs.
• It will also bring the nine themes of LSDGs to the grassroots by linking with GPDP.
iii.The IRMA will provide inputs to MoPR based on field experience gathered by their students/ interns as and
when required for the policy interventions in LSDGs and other PRI related matters.
About Ministry of Panchayati Raj (MoPR):
Union Minister-Giriraj Singh (Constituency-Begusarai, Bihar)
Minister of State (MoS)-Kapil Moreshwar Patil
Mastercard Partners with UNDP on free of charge startup program – Lighthouse MASSIV
Mastercard established a partnership with the United Nations Development
Programme (UNDP) on Mastercard’s Lighthouse MASSIV program, a free startup partnership program that
will help to secure the lives of over 1 billion people by 2025.
• MASSIV stands for Make and Scale Social Impact Vision.
Key highlights:
i.The main aim of the program is to support impact tech companies on their impact measurement and
management and connect them to the UN network and initiatives.
ii.With this initiative, Mastercard and UNDP will focus on sustainability, financial inclusion, and social impact
focused companies which will play a key role in attaining 2030 Sustainable Development Goals (SDG).
Members on the board:
The UNDP representative Stine Kirstein Junge, Private Sector Advisor at UNDP Nordic Office has been added
to the official Lighthouse MASSIV Advisory Board to increase the impact measurement throughout the
program.
• Other representatives on the board are from Swedbank, Danske Bank, VNTRS, and Nordic Impact
Funds.
About the partnership:
i.After this partnership, the startups that are participating will benefit with high quality impact measurement
and management advisory support.
ii.Previously, the impact measurement and management has been a part of the Expert Workshop, a program
element where companies get support on various expertise areas such as geographical expansion, UX design,
marketing, and commercialization.
Meghalaya & Tamil Nadu Signs MoU for Recruitment & Training of Medical Professionals
The Government of Meghalaya (GoM) signed a Memorandum of Understanding (MoU) with the Government of
Tamil Nadu (GoTN) for supporting Meghalaya in recruitment and training of medical professionals.
• This is a first-of-its-kind medical partnership between the two Indian states for collaboration on
knowledge sharing, capacity building and improving health service delivery.
Signatories:
The MoU was signed by Sampath Kumar, IAS, Principal Health Secretary, Government of Meghalaya and Dr. P
Senthil Kumar, Principal Health Secretary, Government of Tamil Nadu, in the presence of Meghalaya’s Health
Minister James P.K Sangma.
About the MoU:
This MoU is part of Meghalaya’s efforts to improve its health indicators and other health initiatives including
Chief Minister’s Safe Motherhood Scheme (CM-SMS) under the rescue mission initiative to reduce Maternal
Mortality Rate (MMR) and Infant Mortality Rate (IMR) that aims at strengthening and ensuring safe deliveries
in remote areas.
• It has also been initiated as part of the GoM’s Service Delivery Redesign (SDR) that aims in creating
accessible healthcare in remote areas.
Key highlights:
i.The MoU will facilitate training of doctors, especially in remote Community Health Centres(CHCs), to
overcome the shortage of certified and trained medical professionals for several critical functions, including
ultrasonography, obstetrics and anesthesiology.
ii.This aims to provide better antenatal and postpartum care to expecting women and to women after delivery,
particularly at the public health facilities in remote areas.
iii.The MoU plans to upgrade all the CHCs in Meghalaya as First Referral Units (FRUs) by overcoming medical
specialists’ shortages in CHCs. To address this shortage, GoTN will offer training to state doctors.
MoYAS signs MoU with NTPC & REC; 2 PSUs pledge Rs 215 crore to NSDF
On 14th September 2022, the Ministry of Youth Affairs and Sports (MoYAS) signed a Memorandum of
Understanding (MoU) with the NTPC Limited, formerly known as National Thermal Power Corporation
Limited, and Rural Electrification Corporation (REC) with the 2 Public Sector Undertaking (PSUs) pledging Rs
215 crore to the National Sports Development Fund (NSDF) in New Delhi for the development of sports in
India.
• MoU was signed in the presence of the Union Minister of Youth Affairs & Sports Anurag Singh
Thakur and Union Minister of Power RK Singh, the Chairman & Managing Director (CMD) of NTPC,
Gurdeep Singh, and the CMD of REC, Vivek Kumar Dewangan.
Key Highlights:
i.NTPC contributes Rs 115 crore over the next 5 years to support the Archery discipline in India.
ii.Out of a total of Rs 115 crore, Rs 15 crore will be incurred as a one-time expenditure towards preparations of
field targets, setting up of training centres and equipment like bow and arrow. The remaining Rs 100 crore will
be used as recurring expenditure in five years (Rs 20 crore per year) towards the development of archery.
iii. REC committed an amount of Rs 100 crore over 3 years to support Women’s Hockey, Athletics and Boxing.
iv.The support towards NSDF has come through its Corporate Social Responsibility (CSR) mandate.
Google Cloud & Nasscom partner to skill students for entry-level Cloud jobs
Google Cloud in collaboration with FutureSkills Prime, a Ministry of Electronics & Information Technology
(MeitY) and NASSCOM (National Association of Software and Services Companies) Digital Skilling Initiative, has
launched the first cohort of its computing foundations with the Kubernetes course.
AIM:
The beginner-level course aims to provide an opportunity for the participants to experience cloud computing,
cloud basics, big data and machine learning (ML).
About the course:
i.The course will be offered free to students at higher education Institutions and freshers seeking to skill
themselves on emerging technologies.
ii.It will provide individuals an introduction to cloud computing covering cloud basics, big data etc.
• The course will provide hands-on training through the Google Cloud Skills Boost platform, for
diverse career paths including IT infrastructure, data analytics, and Cloud-native application
development, among others.
iii.After completing the programme, participants will get a course completion certificate along with
industry-recognised skill badges.
Kubernetes is an open-source container orchestration system for automating software deployment,
scaling and management.
Redington India, Google Cloud enter into tie-up for drive distribution
Redington Ltd has partnered with Google Cloud India to drive the distribution and adoption of Google
Workspace and Cloud with small and medium businesses.
i.This partnership aims to address the demand for Google Cloud-based services in India as the public
cloud services market is expected to grow at a CAGR (Compound Annual Growth Rate) of 24 % and
reach up to USD 13.5 billion by 2026.
ii.The collaboration will help to enhance the procurement and delivery of relevant cloud services in
India.
MOD Signs Contract with BAPL for Dual-Role Surface-To-Surface BrahMos Missile
The Ministry of Defence (MOD) signed a contract with BrahMos Aerospace Pvt. Ltd. (BAPL) for the purchase of
additional dual-role capable Surface-to-Surface BrahMos missiles at an approximate cost of Rs.1700 Crore
under the “Buy-Indian” Category, giving more momentum to Aatmanirbharta in the defence sector.
• BAPL enhances the new generation of Surface-to-Surface Missiles (SSMs) with increased range and
dual function capability for land and anti-ship attacks.
Note – The name ‘BrahMos’ signifies the Brahmaputra river in India and the Moskva river in Russia.
Potential Outcomes
• The acquisition of these dual-role capable missiles will greatly improve the operational capability of
fleet assets used by the Indian Navy (IN).
• With the active participation of indigenous industry, this contract will significantly increase
indigenous production of vital weapons systems and ammunition.
About BrahMos Aerospace Pvt. Ltd.(BAPL)
BAPL was established as a joint venture between Defence Research and Development Organization (DRDO),
India, and the Joint Stock Company “Military Industrial Consortium” of “NPO Mashinostroyenia” (NPOM)
NCC & UNEP signs MoU to achieve the Universal goal of Clean Water Bodies
The United Nations Environment Programme (UNEP) signed a Memorandum of Understanding (MoU) with the
youth wing of the Indian Armed Forces National Cadet Corps (NCC) to tackle the issue of plastic pollution and
achieve the universal goal of clean water bodies through ‘Puneet Sagar Abhiyan’ and ‘Tide Turners Plastic
Challenge programme’.
Aim:
The MoU between NCC and UNEP aims to coordinate and combine efforts to encourage young people to
support clean water bodies.
Signatories : In the presence of Union Defence Minister Rajnath Singh, the MoU was signed between
Lieutenant General Gurbirpal Singh, Director General of NCC and Bishow Parajuli, Resident Representative,
UN World Food Programme.
Key Points:
i.The MoU will be in effect for 3 years and plans to strengthen, develop, and specify their cooperation and
effectiveness to accomplish the shared environmental goals.
ii.The goal of the deal is to promote opportunities for NCC cadets to participate in appropriate national and
international platforms.
iii. ‘Tide Turners Plastic Challenge programme’, a global youth movement to fight plastic pollution around
the globe. It is initiated by the United Nations Environment Programme (UNEP).
iv.‘Puneet Sagar Abhiyan’ ,a nationwide campaign launched by the NCC in December 2021.
• The campaign was initially for 1 month to clean sea shores from plastic and other waste material
and create awareness about the importance of cleanliness.
• Later, it was extended as a Pan-India round-the-year campaign to cover rivers and other water
bodies.
• Since the launch of the campaign, over 100 tonnes of plastic waste have been collected from nearly
1,900 locations by more than 12 lakh NCC cadets, alumni and volunteers.
• The ‘Puneet Sagar Abhiyan’ is one among the many initiatives taken by the Government, which
Prime Minister Narendra Modi has referred to as ‘Panchamrit’ during the 26th United Nations
Climate Change conference, COP26 in Glasgow, Scotland in 2021.
About the National Cadet Corps (NCC):
Director General- Lieutenant General Gurbirpal Singh
Headquarters- New Delhi, Delhi
Establishment- 1948
About the United Nations Environment Programme (UNEP):
Executive Director- Inger Andersen
Headquarters- Nairobi, Kenya
Establishment- 1972
ENGIE partners with NSDC to train 600 youth in solar module programmes
On 13th Septemberr 2022, ENGIE, a clean energy firm, through its subsidiary SolaireDirect Energy India Private
Ltd (SEIPL) has collaborated with National Skill Development Corporation (NSDC) to train 600 youths in solar
module programmes. This is a part of ENGIE’s corporate social responsibility (CSR) for the year 2022-23.
• Under this initiative, NSDC aims to ensure that all of the training programmes are in light with the
Qualification Pack (QP) or National Occupation Standards set by the Sector Skill Councils (SSC).
Airtel & IBM partners for edge computing platform for large firms; sign up Maruti
IBM (International Business Machines Corporation) and Bharti Airtel have collaborated to deploy Airtel’s edge
computing platform, which will enable large enterprises across several industries like manufacturing and
automotive to accelerate innovative solutions.
• Maruti Suzuki India Ltd, intends to use the edge platform to increase accuracy and efficiency for
quality inspections on the factory floor.
• Airtel’s edge computing platform includes 120 network data centres across 20 cities in India,under
its data center arm Nxtra Digital.
• IBM and Airtel Digital engineering teams will build use cases that leverage Airtel’s 5G connectivity
and IBM’s hybrid cloud capabilities to address the pressing business issues faced by enterprise
clients.
GoI & Assam Govt Signs Tripartite Peace Accord with Eight Tribal Militant Groups
On 15th September 2022 Government of India (GoI) and Assam government signed a tripartite peace
accord with 8 tribal militant groups of Assam, in the presence of Amit Shah, Union Ministry of Home Affairs
(MHA) for bringing peace in the areas.
• Chief minister (CM) Himanta Biswa Sarma signed the peace accord on behalf of the Assam
government and Amit shah signed on behalf of GoI.
• The accord was signed 10 years after the peace process that started in 2012. The Peace Deal was
considered to be the another milestone to make Northeast region extremism free by 2025.
• A special development package of Rs 1,000 crore will be provided to improve the tribal areas of
Assam.
Militant groups:
The 8 tribal militant groups include Birsa Commando Force (BCF), Adivasi People’s Army (APA), All Adivasi
National Liberation Army (AANLA), Adivasi Cobra Military of Assam (ACMA) and Santhali Tiger Force (STF)
and the remaining 3 outfits are splinter groups of BCF, AANLA and ACMA.
• These 8 tribal militant groups have been on ceasefire since 2012 and are living in designated camps.
Highlights:
i.All militant groups except the United Liberation Front of Asom (ULFA) and Kamatapur Liberation
Organization signed peace treaties with the government.
ii.In January 2020, Bodo representatives signed an agreement with GoI and the Assam government to end the
50-year-old Bodo crisis.
iii.In January 2022, at the arms-laying ceremonial function in Srimanta Sankardev Kalakshetra in Guwahati,
169 insurgents of the United Gorkha People’s Organisation (UGPO) and 77 insurgents of the Tiwa Liberation
Army (TLA) laid down their arms.
• The arms were laid before Assam CM Himanta Biswa Sarma, Assam Direct General of Police (DGP)
Bhaskar Jyoti Mahanta, Chief Executive Member of BTR Pramod Boro, CEM TAC Jibon Chandra
Konwar.
HPCL & Indian Army collaborated on CSR project: ‘Kargil Ignited Minds’
The Hindustan Petroleum Corporation Ltd (HPCL) has collaborated with the Indian Army to implement a
Corporate Social Responsibility (CSR) project ‘Kargil Ignited Minds’ to coach and mentor less-privileged girl
students in Kargil. The MoU has been signed between HPCL & Indian Army at Headquarters 14 Corps in Leh.
• The ‘Kargil Ignited Minds’ project aims to prepare 50 girl students for various national-level
engineering and medical entrance examinations.
• The project focuses on empowering poor girls who have few resources and must endure harsh
weather.
• The girl students must go through several procedures, they are screening, preliminary exams, and
interviews, to participate in the Kargil Ignited Minds project.
• Students could improve their knowledge, abilities, and personalities through this project.
Indian FSDL & German DFL signed MoU to Bring World’s Best Practices to Indian Football
The Deutsche Fußball Liga- (DFL– German Football League), the organising body of Bundesliga and Bundesliga
2 has signed a Memorandum of Understanding (MoU) with the Football Sports Development Limited (FSDL),
the commercial partner of Indian football and organiser of the Indian Super League.
• Both DFL & FSDL (two entities) will focus on club initiatives, and fan engagement using technology
and also have workshops. The 1st knowledge-sharing workshop took place in Frankfurt, Germany.
• According to MoU, both parties aim to gain ‘valuable insights’ into each region’s respective sporting
cultures.
• The ultimate goal of Football events and experiential marketing activities is to raise awareness and
find new ways to grow a passionate but largely untapped fan base.
• There is another key area called ‘e-Football’, with DFL and FSDL working together in the
development of a structure and commercial model for the e-Indian Super League (eISL).
Note: Bundesliga and Bundesliga 2- A professional association football league in Germany.
C-DOT & IIT Delhi Sign MoU for Cooperation in Emerging Areas of Telecom
The Centre for Development of Telematics (C-DOT) and the Indian Institute of Technology-Delhi (IITD)
have signed a Memorandum of Understanding (MoU) for collaboration in several areas of telecom, including
Internet of Things (IoT)/ Machine-to-machine (M2M), Artificial Intelligence (AI) / Machine Learning (ML),
Cyber Security, and 5G & Beyond technologies.
• Aim: To create a framework that fosters a mutually productive framework between academic
institutions and Research and Development (R&D) organizations in order to promote the
development of wholly indigenous telecom solutions.
• C-DOT is the Telecom Technology R&D centre of the Department of Telecommunications, Ministry of
Communications.
Key Points:
i.The MoU will serve as an effective forum for the exchange of knowledge and skills among students, faculty,
and researchers from the stage of ideation and conceptualization.
• The fusion of cutting-edge research and academic excellence will increase the value of the nation’s
Intellectual Property (IP) assets.
ii.The platform would serve as a catalyst for transforming unique ideas into market-ready solutions.
iii.C-DOT has been one of the primary participants in the development of indigenous 4G and 5G systems
through collaboration with local industry, academia, and startups.
DEPwD, SCPwD & Amazon Internet signed tripartite MoU to provide skill training for PwDs
On 28 September 2022, Department of Empowerment of Persons with Disabilities (DEPwD), Sector Skill
Council for Persons with Disabilities (SCPwD) and Amazon Internet Private Limited signed
a tripartite Memorandum of Understanding (MoU) to provide skill training and employment opportunities for
persons with disabilities at Dr. Ambedkar International Centre in New Delhi, Delhi.
• The agreement was signed in the presence of the Union Minister of Social Justice & Empowerment,
Virendra Kumar.
Key points:
i.The tripartite MoU also envisages mobilisation of Persons with Disabilities (PwDs) for skill training provided
by the DEPwD, designing of job roles for e-commerce sector by SCPwD and providing skill training and hiring of
PwDs.
ii.The agreement will also generate better employment opportunities for PwDs by imparting job specific,
practical and e-commerce skills in the supply chain sector to boost economic growth in india.
Signatories:
DEPwD was represented by Kishor B. Surwade, Deputy Director General, SCPwD by Ravindra Singh, Chief
Executive Officer (CEO), and Amazon Internet Private Limited by Shri Akhil Saxena, Vice President, Operations
APAC (Asia-Pacific)/MENA(Middle East & North Africa)/LATAM (Latin America).
Tata Group Airlines signed MoU with CSIR–IIP for Sustainable Aviation Fuel
On 22nd September 2022, the Tata-owned airlines – Air India, AirAsia India and Vistara (Tata SIA Airlines),
signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – Indian
Institute of Petroleum (CSIR–IIP).
The agreement is to collaborate and work together on the research, development and deployment of
Sustainable Aviation Fuels (SAFs).
Key Highlights:
i.The objective of the agreement is that the two sides will work together in many other areas related to
sustainable aviation.
ii.The Tata Group Airlines’ focus will be on Single Reactor HEFA (Hydro processed Esters and Fatty Acids)
Technology for Drop-in liquid Sustainable Aviation and Automotive Fuel (DILSAAF).
iii. The impact of the continued use of petroleum-derived fuel for aviation is tolerable with greenhouse gas and
carbon emissions, a significant concern across the world.
iv.The International Air Transport Association (IATA) has pledged to achieve net-zero carbon emissions from
its operations by 2050 with the aim of the Paris agreement to limit global warming to 1.5°C.
v.According to IATA, with the adoption of SAF, the aviation industry’s net-zero carbon emissions target is
focused on delivering a maximum reduction in emissions at a source of around 65%.
What is Sustainable Aviation Fuel (SAF)?
SAF is a jet fuel created from sustainable resources like forestry, agricultural waste and used cooking oil which
has the potential to reduce emissions by 80%.
• It is a ‘drop-in’ fuel, meaning it can be added with no changes needed to the aircraft.
Note: The contract of the CSIR-IIP is to provide competitive and sustainable technologies and products to meet
the requirements of the ever-growing energy sector and develop capacity and capability in new energy areas
such as bio, hydrogen and solar energy and their innovative combination.
Coromandel International, Chambal Fertilizers & Indian Potash sign MoU with Canada’s
Canpotex to import potash
Coromandel International, Chambal Fertilizers and Indian Potash Limited signed a Memorandum of
Understanding (MoU) with Canpotex, a Canada based company for long term fertilizer availability for the
farmers.
• Canpotex is one of the largest potash suppliers of the world, exporting around 130 LMT (lakh metric
tonne) of product annually.
Key points:
i.Under the agreement Canpotex will supply up to 15 LMT of potash annually for three years.
ii.As India is highly dependent on imports of raw material and fertilizer minerals, the partnership will provide
secured availability of fertilizers and raw materials.
• India meets 100 per cent of its potash requirement through imports. The country imports
approximately 40 LMT MOP annually
iii.The agreement will reduce both supply and price volatility and ensure a stable long-term supply of potash
fertilizer to India.
iv.It will also improve the availability of MOP (Muriate of potash) in India.
• Potash, which is a source of potassium, is used both for direct application as MOP as well as in
combination with ‘Nitrogen (N) and ‘Phosphorus’(P) nutrients in the NPK fertilizers, where K stands
for Potassium.
GoI sets up Committee to moderate gas price; headed by Energy Expert Dr Kirit S Parikh
The government of India(GoI) set up a Committee to review the formula to formalise the pricing of gas
produced by companies. The committee, chaired by Energy Expert Dr. Kirit Shantilal Parikh(Kirit S
Parikh), a former Member of the Planning Commission(GoI), will include members from the fertiliser ministry,
as well as gas producers and buyers.
• The committee aims to lower inflation and promote the use of cleaner fuel.
• It will suggest a “fair price to the end consumer”.
About Kirit Parikh committee:
i.The committee will also recommend a market-oriented, transparent and reliable pricing regime for India’s
long-term vision for ensuring a gas-based economy.
ii.The committee’s recommendations will not be reflected in the next 6 months (from October) revision of local
gas prices. Cabinet approval is required for the implementation of the committee’s recommendations.
iv.It will submit its report to the government by the end of September 2022.
Members of the committee:
i.The panel includes representatives of the gas producers association such as ONGC (Oil and Natural Gas
Corporation) and OIL (Oil India Limited).
• It also has a member from private city gas operators, state gas utility GAIL (India) Limited, a
representative of Indian Oil Corporation (IOC) and a member from the fertilizer ministry.
Regulation of oil prices in India:
i.In 2014, the government decided to use prices in gas surplus countries to arrive at a formula for locally
produced gas.
• The local gas prices were linked to a formula tied to global benchmarks, including Henry Hub,
Alberta Gas, National Balancing Point (NBP) and Russian Gas with a lag of one quarter.
ii.The rates according to this formula were subdued and at times lower than the cost of production till March
2022 but rose sharply thereafter, reflecting the surge in global rates in the aftermath of Russia’s invasion of
Ukraine.
Note
In 2013, the Ministry of Petroleum and Natural Gas assigned the task to advise Pricing Methodology for Diesel,
Domestic LPG and PDS Kerosene to the Kirit Parekh panel.
Union Defence Minister Rajnath Singh & EAM S Jaishankar Visit Japan for 2nd India-Japan 2+2
Ministerial Meeting 2022
Union Defence Minister Rajnath Singh and External Affairs Minister (EAM), Dr. S. Jaishankar made an official
visit to Japan for the 2nd India-Japan 2+2 Foreign Ministerial Meeting 2022 and Defence Ministerial
Meeting 2022 held in Tokyo, Japan, from September 7–10, 2022.
• Both Ministers met with their Japanese counterparts, Mr. HAMADA Yasukazu, Minister of Defense of
Japan, and Mr. HAYASHI Yoshimasa, Minister of Foreign Affairs of Japan.
India and Japan celebrate 70 years of diplomatic relations in 2022, and both countries are committed to a
special strategic and global alliance.
INDIA – JAPAN ‘2+2’ DIALOGUE
i.In 2019, the “2+2” dialogue with Japan was launched in an effort to strengthen bilateral security and defence
cooperation and deepen the strategic ties between the two nations.
• The United States (US), Japan, Australia, and Russia are among the few nations with whom India has
“2+2” format ministerial dialogue.
ii.The common principles of democracy, freedom, and respect for the rule of law serve as the bedrock of the
India-Japan Special Strategic and Global Partnership.
Note:
• Fumio Kishida, the Prime Minister of Japan, visited India in March 2022 for the annual India-Japan
summit in New Delhi, Delhi.
• He announced an investment target of 5 trillion yen (approximately Rs 3,20,000 crore) in India over
the next five years at the summit.
India, Pakistan, Sri Lanka, Bangladesh and Nepal formed APOA; Atul Chaturvedi elected as its
Chairman
On September 21, 2022, the 25th Globoil Summit 2022, organized by Tefla’s, was held in Agra, Uttar Pradesh
(UP) which saw the participation of 1,500 attendees from 50 countries. This summit was a congregation of
leading players from the domestic and global edible oil trade and industry.
• During the summit, the apex edible oil industry associations from five major palm oil importing
countries from Asia viz. India, Pakistan, Sri Lanka, Bangladesh and Nepal have formed an Asian Palm
Oil Alliance (APOA).
• This formation is on the lines of the initiative of the global sustainable agriculture
specialist Solidaridad Network.
IBA: Renewable Energy India Expo to bring Rs 800 crore investment opportunity for biogas
The Indian Biogas Association (IBA) is set to organise the Renewable Energy India(REI) Expo 2022, the 15th
edition of REI Expo, from 28th to 30th September 2022 at India Expo Centre, Greater Noida, Uttar Pradesh. The
expo is expected to bring in investment opportunities worth Rs 800 crore for the biogas sector.
• The Bio-Energy Pavilion 2022 is supported by the Ministry of New and Renewable Energy (MNRE) ,
NITI Aayog(National Institution for Transforming India), Punjab and Maharashtra Energy
Development Agency (PEDA and MEDA).
• IBA is an industry association comprising operators, manufacturers, and planners of biogas plants.
Highlights: AIBD’s 47th Annual Gathering & 20th AIBD General Conference and Associated
Meetings 2022
On 20th September Union Minister for Information and Broadcasting Anurag Thakur inaugurated the 47th
Annual Gathering and 20th Asia-pacific Institute of Broadcasting Development (AIBD) General Conference
(GC) and Associated Meeting 2022 that took place from 19th September, 2022 to 21st September 2022 in
New Delhi.
• India’s Presidency of the prestigious AIBD has been extended for another year and the decision was
unanimously taken by the AIBD member countries at this 2-day GC.
• Currently, Sh. Mayank Kumar Agrawal, Chief Executive Officer, Prasar Bharati and Director
General, Doordarshan is the President of AIBD.
Highlights:
i.Theme of the event is ‘Building a stronger future for broadcasting in the post pandemic era’.
ii.During the event, Union Minister Anurag Thakur presided over the award presentation for 2021 and 2022.
iii.Attendees – The gathering was inaugurated in the presence of Union Minister of State for Information and
Broadcasting (I&B) Dr. L Murugan, Secretary, I&B Shri Apurva Chandra and Director, AIBD Ms Philomena
Gnanapragasam.
Awards:
2021
i.The Appreciation Award for 2021 was conferred on Radio Television Brunei.
ii.The Lifetime Achievement Award for 2021 was given to Mr Khieu Khanharith, Minister of Information and
Communication, Cambodia.
INDEX
RANKING
India ranks 132 out of 191 in UNDP’s 2021 Human Development Index; Switzerland Tops
As per the report by the United Nations Development
Program’s (UNDP) ‘Human Development Report
2021-22- Uncertain Times, Unsettled Lives:
Shaping our Future in a Transforming World’, India
ranked 132nd among 191 countries and territories on
the 2021 Human Development Index (HDI). In the
2020 report, India had ranked 131st among 189
countries and territories.
• India’s latest HDI value is 0.633 which places it
in the medium human development category,
as compared to its value of 0.645 in the 2020
report.
• This decline is due to the fall in life expectancy from 69.7 years to 67.2 years.
• Also, there is a global drop in life expectancy from 72.8 years in 2019 to 71.4 years in 2021.
Toppers:
The index has been topped by Switzerland with 0.962 HDI value. It is followed by Norway (0.961) at 2nd,
and Iceland at 3rd (0.959).
Key Points:
i.India’s neighbouring countries are ranked as- Sri Lanka (73rd), China (79th), Bangladesh (129th), and Bhutan
(127th) Pakistan (161st), Nepal (143rd), and Myanmar (149th).
ii.Around 90% of countries registered a decline in their HDI value in 2020 or in 2021.
iii.India’s expected years of schooling stands at 11.9 years, down from 12.2 years in the 2020 report.
• The mean years of schooling is up at 6.7 years from 6.5 years in the 2020 report.
iv.Although India retained its 132nd position in the Gender Development Index, the female life expectancy
dropped from 71 years in the 2020 report to 68.8 years in the 2021 report.
• The mean years of schooling for females declined from 12.6 to 11.9 years in the corresponding period.
v.India scored 0.123 in the Multi-Dimensional Poverty Index (MPI) with a headcount ratio of 27.9 per cent, with
8.8 per cent population reeling under severe multidimensional poverty.
Paris Agreement: India’s Climate Pledges Rank 4th In Terms of Ambition & 5th In Terms of
Compliance
According to a new study published in the scientific journal Nature Climate Change, India’s updated climate
pledge to the Paris Agreement has been ranked 5th in compliance and 4th in ambition.
• The study includes eight countries, the US,
China, Australia, Saudi Arabia, Russia,
Australia, Brazil—as well as the EU.
While the European Union (EU) claimed the top spot, the
United States (US) was placed bottom in compliance and
second to last in ambition.
Paris Agreement
The Paris Agreement is a global treaty in which over 200
countries pledged to work together to cut Greenhouse
Gas (GHG) emissions and combat climate change.
Aim: To keep global warming well below 2 degrees Celsius (2°C), preferably 1.5°C, when compared to pre-
industry levels.
During the 26th session of the Conference of the Parties (COP 26) to the United Nations Framework Convention
on Climate Change (UNFCCC), which was held in Glasgow, Scotland, in 2021, almost all signatories to the Paris
Agreement updated their climate commitments.
Nationally Determined Contributions (NDC)
i.Nations with a high likelihood of meeting their climate pledges or Nationally Determined
Contributions (NDC) were highly ranked in compliance.
• The NDCs, on the other hand, are not legally binding.
ii.Nations with ambitious commitments were given high ambition rankings.
iii.The initiative focuses on practical methods for achieving nearly zero global warming gas emissions.
Key Facts from the Study:
i.According to the study, the EU was considered to be the most credible, ranking first in compliance and
ambition.
ii.In the compliance category, the EU was followed by China, Australia, South Africa, India, Russia, Saudi
Arabia, Brazil, and the US.
iii.In terms of ambition, the EU was followed by China, South Africa, India, Australia, Brazil, Russia, the US, and
Saudi Arabia.
Fortune India Rich List 2022: Gautam Adani Becomes the Richest in India; Wealth of 142 Billionaires
Worth USD 832 bn
According to Fortune India’s list of ‘India’s Richest’ for 2022, the wealth of 142 billionaires based in India is
collectively worth USD 832 billion (Rs 66.36 trillion).
Highlights:
i.According to Forbes real-time billionaires list, Asia’s richest man Gautam Adani has overtaken Amazon
founder Jeff Bezos to become the 3rd richest person in the world.
• He became India’s richest man with net worth of USD 129.16 billion (Rs. 10.29 trillion)
ii.Meanwhile, Reliance Industries chairman Mukesh Ambani’s net worth stands at USD 94 billion
becoming 8th richest in the world and 2nd richest in India.
About the list:
i.The data for the list was collected by the Fortune and Waterfield Advisors, a wealth management firm.
• The firms collected details of listed and unlisted wealth, additional information regarding investments
outside of the listed business such as stakes in other public companies, where the holding is less than 1
percent in the company and in other private entities or start-ups and such others.
ii.The list made is primarily based on the wealth of entrepreneurs of listed firms and for the unlisted
entity, the price-earnings (PE) multiple of the sector’s index was used as a parameter and in their absence, the
PE multiple of the closest-listed company from the same industry was used.
India stands 4th in 3rd Global Crypto Adoption Index 2022; Vietnam top for 2nd Consecutive
Time
As per the Chainalysis, ‘The 2022 Global Crypto Adoption Index: Emerging Markets Lead in Grassroots
Adoption, China Remains Active Despite Ban, and Crypto Fundamentals Appear Healthy’, Vietnam is
ranked first in cryptocurrency adoption for the second consecutive year with an overall index ranking of 1.
• India stood at 4th with an index score of 0.663.
IIFL Wealth Hurun India Rich List 2022: Adani & Family tops , Falguni Nayar becomes richest
Indian Women
According to the IIFL Wealth Hurun India Rich List 2022, Gautam Adani and family has topped with an
estimated wealth of Rs. 10,94,400 crore. His daily wealth creation estimated at Rs. 1,612 crore that showed 116
percent growth as compared with the 2021 list.
• Mukesh Ambani and family has been named as the 2nd richest in India with an estimated wealth
of Rs. 7,94,700 crore and a growth of 11 percent compared with the 2021 list. His daily wealth
creation velocity is Rs. 210 crore.
Top 5 richest people in the list:
Rank Person Wealth estimate
1 Gautam Adani and family Rs. 10,94,400 crore
2 Mukesh Ambani and family Rs. 7,94,700 crore
3 Cyrus Poonawalla and family Rs.2,05,400 crore
4 Shiv Nadar Rs. 1,85,800 crore
5 Radhakishan Damani & family Rs. 1,75,100 crore
Nikhil Kamath tops ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’, Ola CEO in
2nd spot
On 28 September 2022, Zerodha’s co-founder Nikhil Kamath topped the ‘IIFL Wealth Hurun India 40 &
Under Self-Made Rich List 2022’ with a net worth of Rs 17,500 crore.
• Bhavish Agarwal, Co-founder & CEO of Ola
Cabs and Olc Electric, came second (Rs
11,700 crore) and Divyank Turakhia of
Media.net came third place (11,200 crore).
Report highlights:
i.The Hurun India rich list has 53 entrepreneurs under
40 years of age.
The cumulative wealth of the entrants in 40 & Under
Self-made 2022 List increased by 11% in comparison to
2021.
ii.The Co-founder of Confluent, Neha Narkhede (37 year
old) became the youngest self-made woman entrepreneur in India.
iii.The founder of Zepto, Kaivalya Vohra (19 year old) became the youngest self-made entrepreneur on the list.
iv.According to the survey, Bengaluru (14 people) became the most popular place for young wealth creators to
establish a base, followed by New Delhi (8 people) and Mumbai (8 people).
The Top 5 in IIFL Wealth Hurun India 40 & Under Self-Made Rich List:
Rank Name Net worth in crore Company Age
1 Nikhil Kamath 17,500 Zerodha 36
Gautam Adani became 3rd Richest Man in billionaires ranking: Bloomberg Billionaires Index
According to the Bloomberg Billionaires Index( daily ranking index as of 27th September 2022), Gautam
Adani has slipped to the 3rd spot from 2nd with a total net worth of USD 135 Billion(Rs10.98 lakh crore).
Jeff Bezos, Founder of Amazon, overtook Adani with a net worth of USD 138 billion(Rs11.23 lakh crore).
• Elon Musk, Chief Executive Officer (CEO) of Tesla Motors, tops the list with a net worth of USD 138
billion (Rs19.93 lakh crore).
• Gautam Adani has lost USD 6.9 billion dollars losing the 3rd spot, while Jeff Bezos gained USD 1.36
billion and secured the 2nd spot.
• Reliance Industries Limited (RIL) Chairman Mukesh Ambani is now placed at 11th place with a net
worth of USD 82.4 billion (Rs6.70 lakh crore).
Forbes’ Real-Time billionaire rankings: Gautam Adani briefly named the 2nd Richest Person In
World
On 16th September 2022, Gautam Adani, an Indian billionaire became the 2nd Richest person in World on
Forbes real-time billionaire list by surpassing Bernard Arnault, LVMH (Louis Vuitton) chairman and CEO.
Gautam Adani became the 1st Asian to enter the top 3 on the list. Gautam Adani and his family’s net worth
surged to USD 155.5 billion. According to Forbes Real-Time Billionaires List, Gautam Adani’s net worth rose
by USD 5.2 billion, a hike of 3.49%.
• The fortune of Bernard Arnault is USD 300 million, which is behind Gautam Adani’s USD 155.2 billion.
• Gautam Adani also overtook Amazon Chairman and founder Jeff Bezos, whose net worth dropped USD
2.3 billion (1.49%) to USD 149.7 billion.
• Another Indian in the top 10 richest people in World on the Forbes list Mukesh Ambani ranked 8th with
a fortune of USD 93.4 billion.
• Tesla founder, Elon Musk remains the richest person with a net worth of USD 273.5 billion.
REPORTS
G20 GDP Growth – Q2 2022 OECD Report: India’s GDP Growth Contracted by 1.4%
According to the Organisation for Economic Co-operation and Development (OECD) report “G20 GDP Growth-
Second Quarter of 2022”, India’s Gross Domestic Product (GDP) among G20 nations contracted by 1.4% (-
1.4%) quarter on quarter in the second quarter Q2 (June – August) of 2022 when adjusted for seasonality.
• In addition, it was the second-worst performance among the G20 (Group of Twenty) nations, after
only China (-2.6%).
• The G20 GDP contracted by 0.4%(-0.4%) quarter on quarter in the Q2 of 2022.
• India’s GDP also contracted by 1.4%(-1.4%) in the Q1 (March-May) of 2022.
Key Statistics:
i.The highest growth rates in the quarter were in Saudi Arabia (2.2%) and Turkiye (2.1%).
ii.Despite the sharp decrease in the G20’s overall GDP growth rate, Australia, Brazil, Italy, Japan, Korea, and
Turkey had better growth in Q2 2022 than in the previous quarter.
iii.In two G20 countries, Mexico and South Africa, GDP was lower in the Q2 of 2022 than it was in the Q4 of
2019, the pre-pandemic levels.
iv.Between Q4 2019 and Q2 2022, Germany did not record any cumulative growth.
MoS Rajeev Chandrasekhar Releases “Globalise to Localise” Report Exploring USD 300 Billion
in Electronic Production by 2026
Rajeev Chandrasekhar, Union Minister of State (MoS), Ministry of Electronics and Information Technology
(MeitY), published a report titled “Globalise to Localise: Exporting at Scale and Deepening the Ecosystem
Are Vital to Higher Domestic Value Addition.”
• The report investigates how India can reach its goals of USD 300 billion in electronics production
and USD 120 billion in exports by 2025–2026.
• It is prepared by the Indian Council for Research on International Economic Relations (ICRIER) in
collaboration with the India Cellular and Electronics Association (ICEA).
Key Inferences from The Report
i.The Globalise to Localise report analyzes the empirical relationship between exports and the share of
domestic value addition in successful nations.
• It discovers that the two variables have a short-term negative correlation but a medium-term
positive connection.
ii.According to the report, China and Vietnam have adopted the motto “first globalise, then localise,” which
indicates that in the beginning, they were focused on reaching a global scale in exports and shifted their focus
to include more local content.
• Therefore, the report suggests a sequential strategy that can put India’s exports on a par with those
of China and Vietnam.
iii.Immediate objectives should be to export at scale to global markets (globalise), and thereafter to increase
the share of local content (localise).
Note: The lead author of the report is Dr. Deepak Mishra, Director & Chief Executive (CE) of ICRIER.
Key Suggestions from The Report
i.The report makes various recommendations for policies and regulations necessary to develop India’s broader
electronics ecosystem. In addition, schemes like Gati Shakti will help boost India’s competitiveness.
ii.The report highlights the urgent need for India to introduce supporting industry development programmes,
organize sourcing fairs, and implement technological upgradation programmes in order to establish a
competitive domestic ecosystem of ancillary suppliers.
Journey of Electronics Sector in India
i.As a result of the government’s initiatives, India has a manufacturing economy worth USD 76 billion and
exports worth USD 16 billion in 2022, with an aim of USD 21 to USD 25 billion in exports in 2023.
• India’s reliance on imported electronics as well as petroleum surged in 2014.
ii.A target of USD 300 billion in manufacturing and USD 120 billion in exports by 2026 has been explicitly
outlined in a strategy that emphasises the broadening and deepening of the electronics ecosystem.
iii.According to ICEA, in the fiscal year 2021–2022 (FY22), India’s exports of electronics exceeded USD 16
billion.
• The sector of electronics has evolved to become India’s 6th-largest export in 2022.
iv.Mobile phones are the single largest component of India’s electronics exports.
NSO Releases 15th PLFS Quarterly Bulletin [April – June 2022]: UR Falls to 7.6% In April-June
2022
The Unemployment Rate (UR) for people aged 15 and above in urban areas decreased to 7.6% in April-June
2022 from 12.6% in 2021, according to the 15th Periodic Labour Force Survey (PLFS) – Quarterly Bulletin
[April – June 2022] published by the National Statistical Office (NSO), Ministry of Statistics and Programme
Implementation (MoSPI).
• The recent data, which highlights a declining UR and a better labour force participation rate, indicate
a sustained economic recovery from the COVID-19 pandemic’s aftereffects.
The unforeseen impact of pandemic related restrictions on India from April-June 2021 was a major factor in the
high level of unemployment.
15th Periodic Labour Force Survey (PLFS) – Quarterly Bulletin [April – June 2022]
During the quarter of April-June 2022, a total of 5,721 First Stage Units (FSUs) (Urban Frame Survey (UFS)
blocks) were surveyed across all urban areas in India. A total of 1,73,271 people in urban areas, including
44,660 urban households, were surveyed.
Key Components
i.Labour Force Participation Rate (LFPR): LFPR is defined as the percentage of the persons who are in the
labour force (working/looking for employment/available for work).
• The term “labour force” refers to the population that supplies or offers to supply labour for
economic activities such as manufacturing goods and services, and hence includes both employed
and unemployed individuals.
ii.Worker Population Ratio (WPR): WPR is defined as the percentage of the population that is employed.
iii.Unemployment Rate (UR): UR is defined as the percentage of the labour force that is unemployed.
iv.Current Weekly Status (CWS): The CWS of a person is the activity status determined based on the
reference period of the last 7 days preceding the date of the survey.
C&W Reports: Beijing Tops; Bengaluru Ranks Second in the Top Technology Hubs List
According to property consultant Cushman & Wakefield report titled, ‘Tech Cities: The Global Intersection of
Talent and Real Estate’, Beijing, China tops the technology hubs list in the Asia-Pacific (APAC) region and is
followed by Bengaluru, Karnataka.
• The report studied around 115 different tech cities across the world and has also identified Chennai,
Hyderabad, and Delhi as the top technology hubs in the APAC region after Beijing.
• 46 top tech markets were identified based on 14 criteria, across Talent, Real Estate, and Business
Environment metrics.
Key points:
i.Between 2017- 2021, Bengaluru stood as one of the largest contributors to office space that leases to
companies on an annual average share of 25 percent to 30 percent pan-India.
ii.The Bengaluru office market contributed 38 – 40 percent (2017- 2021) of annual share towards the tech
sector which is higher than the national average of 35 percent.
• Bengaluru is also known for its largest Grade A office market
iii.Bengaluru leads with 2,30,813 tech jobs created during the year 2021, followed by Chennai with 1,12,781,
Hyderabad with 1,03,032 and Delhi with 89,996 jobs.
UIDAI tops among all Ministries and Departments in resolving Public Grievances during August 2022
According to the Grievance Redressal Index in the Department of Administrative Reforms and Public
Grievances (DARPG) monthly report (August 2022), The Unique Identification Authority of India (UIDAI)
topped amongst all Ministries/Departments for resolving Public Grievances during August 2022.
• UIDAI is the top performer in resolution of cases received through the Centralized Public Grievance
Redress and Monitoring System (CPGRAMS).
i.UIDAI is equipped with the robust grievance redressal mechanism,comprising UIDAI HQ (Head Quarters)
Divisions, Regional Offices, Technology Centre and engaged Contact Centre partners, which is enabling UIDAI to
resolve around 92% of CRM Grievances within 7 days.
ii.The new Customer Relationship Management (CRM) solution of UIDAI was designed with advanced features
which provide seamless service delivery to residents.
• The new CRM solution shall have the capability to support multi-channels like Phone Call, Email,
Chatbot, Web Portal, Social Media, Letter and Walk-in through which the grievances can be lodged,
tracked and resolved effectively.
NITI Aayog Releases 4th Progress Report On POSHAN Abhiyaan: MH, AP & GJ Lead in Overall
Implementation at the National-Level in 2020
NITI Aayog (National Institution for Transforming India) has released the 4th progress report on the POSHAN
(Prime Minister’s Overarching Scheme for Holistic Nutrition) Abhiyaan, titled “Preserving Progress on Nutrition
in India: Poshan Abhiyaan in Pandemic Times.”
• Poshan Abhiyaan is the flagship programme of Government of India (GoI).
• The report covers the period from January to December 2020, which mostly coincides with the
active implementation of mission activities.
Maharashtra (MH), Andhra Pradesh (AP), and Gujarat (GJ) are found to be the top three states in terms of total
implementation among larger states at the national level in 2020, followed by Tamil Nadu (TN), Madhya
Pradesh (MP), and Himachal Pradesh (HP).
• The report also highlighted that 12 of the 19 largest states had an implementation score of more
than 70%.
Top 5 Among Larger States
S.No Large States
1 Maharashtra (MH)
3 Gujarat (GJ)
1 Sikkim
2 Meghalaya
3 Tripura
4 Goa
5 Nagaland
iii.The top three UTs on the list were Dadra & Nagar Haveli along with Daman & Diu, Chandigarh, and the
Andaman & Nicobar Islands, all of which had scores of over 70%.
Top 5 among Union Territories (UTs)
S.No Union Territories (UTs)
2 Chandigarh
5 Lakshadweep
iv.In terms of overall Poshan Abhiyaan implementation, Punjab and Bihar performed the lowest among larger
states.
v.Only 17 States and UTs had more than 75% of children 12-23 months of age fully immunized, while 11 states
and UTs had less than 25% fully immunized children.
vi.Take-home rations (THR) have been distributed to all beneficiaries of the Women and Child Development
(WCD) programme in various States and UTs.
• In contrast, coverage was still inadequate in Bihar, Punjab, Sikkim, and Jammu & Kashmir.
vii.It should be emphasized that less than 50% of the funds allocated for Poshan Abhiyaan have been utilized
overall, across 23 States and UTs.
Key Suggestions from The Report:
i.The report highlighted the importance of accelerating the utilization of Poshan Abhiyaan funds and ensuring
an adequate number of health facilities and supplies.
ii.It proposed strengthening the Integrated Child Development Scheme (ICDS) and health platforms in order to
increase coverage and raise the quality of essential health and nutrition interventions.
iii.It also recommended carrying out the Convergence Action Plans (CAPs) to ensure that the convergence is
outcome-focused and that actions across sectors benefit the intended beneficiaries.
POSHAN (Prime Minister’s Overarching Scheme for Holistic Nutrition) Abhiyaan
POSHAN Abhiyaan (formerly known as the National Nutrition Mission) is a multi-ministerial convergence
mission that seeks to raise national attention to and combat malnutrition in a mission-mode.
Poshan Abhiyaan was launched by Hon’ble Prime Minister on 8th March 2018 in Jhunjhunu district of
Rajasthan.
• This programme, which falls under the ICDS umbrella, integrates with other services and
programmes that provide nutrition interventions during the first 1,000-day period.
India Likely to Become World’s 6th Largest Insurance Market by 2032; Premiums to Grow at
14% CAGR
According to the ‘Global Economic and Insurance Outlook’ report published by the Swiss Re Institute
(Switzerland), India will emerge as the 6th largest insurance market in the world by 2032, supported by
regulatory push and rapid economic expansion.
• Total insurance premiums in India are predicted to grow by an average of 14% compounded annual
growth rate (CAGR) in nominal local currency terms over the next 10 years, placing the country 6th
largest in terms of total premium volume by 2032, up from 10th largest in 2021.
Note: Jérôme Jean Haegeli is the Group Chief Economist of Swiss Re Group.
Key Inferences from The Report:
Insurance Sector
i.Global growth in life insurance premiums is anticipated to be nearly stable in 2022 and to increase by 1.9% in
real terms in 2023.
ii.By 2032, India’s life insurance market is expected to be the 5th largest in the world.
iii.According to the report, the Indian life insurance market will expand at an exceptional pace of 6.6% (in real
terms) in 2022 and then 7.1% in 2023.
iv.Life insurance premiums in India are expected to surpass USD 100 billion for the first time in 2022, based on
the projected growth rate.
Non-Life Insurance Sector
i.Global non-life premium growth for the insurance market is anticipated to decelerate to 0.8% (in real terms)
in 2022 from 2.6% in 2021.
ii.After a slight contraction in 2020, the non-life insurance market in India resumed growth in 2021, growing by
5.8% (in real terms).
iii.In 2022, growth is predicted to slightly drop down to 4.5%, primarily because of high inflation. However,
between 2023 and 2032, the sector is projected to expand at a CAGR (in real terms) close to 8%.
MoF Releases 28th Edition of Status Report On India’s External Debt 2021-22
The 28th edition of ‘India’s External Debt: A Status Report 2021–22’ has been published by the External
Debt Management Unit (EDMU) under the Department of Economic Affairs (DEA), Ministry of Finance (MoF).
• India’s external debt increased to USD 620.7 billion at the End-March 2022, an increase of 8.20%,
from USD 573.7 billion at the End-March 2021.
• The report offers a comprehensive analysis of the trends, composition and debt service of India’s
external debt up to End-March 2022.
Key Data from The Report
i.India’s external debt at the End-March 2022 accounts in US Dollars (USD) of 53.2% and 31.2% (second
largest) of which was reported to be in Indian Rupees (INR).
• 90% of the total external debt was made up of Commercial borrowings (CBs), Non-resident Indian
(NRI) deposits, short-term trade credit, and multilateral loans.
ii.External debt as a ratio of Gross Domestic Product (GDP) declined to 19.9% at the End-March 2022, down
from 21.20% at End-March 2021.
iii.At the End-March 2022, the ratio of foreign currency reserves to external debt was 97.8%, down from
100.6% at End-March 2021.
iv.The long-term debt, estimated at USD 499.1 billion, accounted for 80.4% of the total, while the short-term
debt, estimated at USD 121.7 billion, accounted for 19.6% of the total.
• Short-term trade credit was mostly in the form of trade credit (96%), which was used to finance
imports.
v.Due to the increased grant of Special Drawing Rights (SDR) by the International Monetary Fund (IMF) during
2021–2022, Sovereign External Debt (SED) stood at USD 130.7 billion by the End-March 2022, an increase of
17.1% over End-March 2021.
vi.At USD 490.0 billion as of the End-March 2022, Non-Sovereign External Debt increased by 6.1% from End-
March 2021.
• About 95% of Non-Sovereign External Debt was made up of CBs, NRI deposits, and short-term trade
credits.
Key Facts
• The report also provides a cross-country assessment of India’s external debt, which remains
sustainable and prudently managed, ranking 23rd globally.
NITI Aayog Report: India’s Truck Market Likely to Grow Over 4-times by 2050
According to a National Institute for Transforming India (NITI) Aayog report titled ‘Transforming Trucking
in India: Pathways to Zero-Emission Truck Deployment’, India’s trucking market is expected to grow over 4
times by 2050.
Key highlights:
i.Since road freight travel continues to grow, the number of trucks is also expected to rise from 4 million in
2022 to around 17 million trucks by 2050 which is more than quadruple.
ii.Due to the increase in population, the rise of e-commerce and rising income levels, the transport demand
continues to grow and the road freight movement is expected to increase to 9.6 trillion tonnes
Kilometre by 2050.
• The heavy duty trucks (HDTs) and medium duty trucks (MDTs) are responsible for most of the
road transportation that reaches around 70 percent of domestic freight demand.
iii.According to the report, currently, India transports 4.6 billion tons of freight annually, generating a
transport demand of 2.2 trillion ton kilometres at the cost of Rs 9.5 lakh crore.
Solution:
i.As per the report, In India, transportation costs is around 62 percent of overall logistics, accounting for 14
percent of India’s GDP.
ii.Zero-emissions trucks (ZETs), including battery electric trucks (BETs) and fuel cell electric
trucks (FCETs) which have low operating costs and also in line with India’s COP-26 targets in reducing
greenhouse gas emissions, would be the solution for such growing transportation demands.
Suggestions to improve ZTE:
i. The report highlighted the government intervention on policy matters to reduce charging costs, including
upfront subsidies, electricity tariffs that remove demand charges and implement Electric Vehicle (EV)-friendly
rate structures, and concessional land for building out ZET charging infrastructure.
ii. Additionally, the report also suggested improving the infrastructure installation process to minimise the
permission and interconnection processing times for charging infrastructure development for reduction in
charging deployment soft costs.
Report by WHO & UNICEF: Globally Half of health care facilities lack basic hygiene services
According to the Joint Monitoring Programme (JMP) report by the World Health Organization (WHO) and the
United Nations Children’s Fund (UNICEF) titled “Progress on WASH in health care facilities 2000–2021: special
focus on WASH and infection prevention and control (IPC)”, in 2021, around half of health care facilities across
the world lack basic hygiene services with water and soap or alcohol-based hand rub, where patients receive
care and at toilets in these facilities.
• The report states that around 3.85 billion people across the globe depend on these facilities.
• This also includes the 688 million people who receive care at facilities with no hygiene services at
all.
Note:
• The report was launched at the World Water Week, the annual conference held from 23rd August to
1st September 2022 in Stockholm, Sweden.
• WASH – Water, Sanitation and Hygiene
Other Key Findings:
i.Globally, 4 in 5 health care facilities, around 78%, had basic water services which mean the water was
available from an improved source on the facility in 2021.
ii.Around 1.7 billion people do not have access to basic water services in their healthcare facility, including 857
million people across the globe who have no water service at their healthcare facility.
6th NHA Estimates Report: GoI’s Health Expenditure GDP Fell from 1.35% to 1.28%
According to the 6th National Health Accounts (NHA) Estimates Report of India for 2018-19 data,
the centre’s share in the total government health expenditure dropped to 34.3 percent in 2018-19 from 40.8
percent in 2017-2018.The government’s health expenditure as a percentage of the GDP fell from 1.35 in 2017-
18 to 1.28 in 2018-2019.
• The report was prepared by National Health Systems Resource Centre (NHSRC), designated as
National Health Accounts Technical Secretariat (NHATS) in 2014 by Ministry of Health and Family
Welfare (MoHFW).
• It was prepared by using an accounting framework based on the System of Health Accounts, 2011,
developed by the World Health Organization (WHO).
• Health expenditure includes current and capital expenditures incurred by the government, private
sectors and also the external funds.
Highlights of the report:
i.The share of States to government health expenditure has raised up to 7 percent such as 65.7 percent in
2018-19, from 59.2 percent in 2017-2018.
ii.The total health expenditure per capita has been increased by 74 percent since 2013-14, that is Rs. 1042
to Rs 1815 in 2018-19.
• Government’s health expenditure as a percentage of Current Health Expenditure has increased from
23.2% in 2013-14 to 34.5% in 2018-19.
iii.According to the above report,
• government health expenditure in the total Gross Domestic Product (GDP) of the country has
increased from 1.15% in 2013-14 to 1.28% in 2018-19.
• GDP of total health expenditure fell to 3.2 per cent in 2018-19, when compared to 3.3 per cent in the
2017 -18 and 4 per cent in 2013-14.
iv.The social safety net for healthcare expenditure increased to 9.6 per cent in 2018-2019 from 9 percent in
2017-18 and 6 percent in 2013-14.
v.The share of private sector insurance expenditure to total health expenditure has raised to 6.6 percent in
2018-19 as against 5.8 percent in 2017-18.
vi.Primary and secondary care account for more than 80 percent of the current Government Health
Expenditure and showed an increase in their share from 74 percent (2013-14) to 86 percent (2018-19).
• Whereas in the private sector, the share of Primary and secondary care has declined from 82
percent (2013-14) to 70 percent (2018-19).
Out-of-pocket expenditure (OOPE):
The OOPE are those that are directly made by households or family or an individual at the time of receiving
healthcare. The report also provides a comparison of the per-capita OOPE of India with other countries,
using Global Health Expenditure Database provided by WHO. In the group of 189 countries, India ranks
66th for per capita OOPE.
Kantar BrandZ report: TCS Becomes India’s Most Valuable Brand in 2022
According to the Kantar BrandZ Most Valuable Indian Brands 2022 report, Tata Consultancy Services (TCS) has
emerged as India’s most valuable brand, with a brand value of ~USD 45.5 Billion.
• TCS has replaced HDFC Bank, valued at USD 32.7 billion, which held the 1st position since the Kantar
BrandZ India ranking was launched in 2014. HDFC Bank has ranked number two on the 2022
rankings.
• The report was released by market data and analytics firm Kantar.
From the report:
i.According to the report, the Indian brands have increased their brand value by nearly 35 percent
Compounded Annual Growth Rate (CAGR) since 2020.
ii.Infosys (USD 29.2bn) which has rocketed up to no.3 from 12th position, and ICICI Bank (USD 11bn) which
has climbed two places to no.9. State Bank of India (USD 13.6bn) has also risen four places to no.6.
iii.The top 10 companies includes Airtel(No. 4), Asian Paints(No. 5), State Bank of India(SBI)(No. 6), Life
Insurance Corporation (LIC)(No. 7), Kotak Mahindra Bank(No. 8), ICICI Bank(No. 9) and Reliance Jio(No. 10).
• The consumer tech brands in terms of brand values included Flipkart, Byju’s, Swiggy, Nykaa and
Zomato, for their adoption of online channels by Indian consumers.
Highlights:
i.The combined value of India’s top 75 brands is worth USD 393 billion, that is equivalent to 11 percent of
India’s Gross Domestic Product (GDP).
• The top 10 most valuable Indian brands together contribute to over half of the total value of the
ranking.
ii.There 14 new companies included from over 11 categories including online gaming, education, apparel and
real estate, reflecting the diversity and dynamism of the Indian economy.
DPIIT Report: AP Emerges as India’s Top Investment Destination Between Jan-July 2022
According to a report (July 2022) released by the Department for Promotion of Industries and Internal Trade
(DPIIT), Ministry of Commerce and Industry (MoCI), Andhra Pradesh (AP) has emerged as India’s top
investment destination, attracting a substantial share of investments worth Rs. 40,361 crore between January
– July 2022.
• During this period, India’s actual industrial investment amounted to Rs. 1,71,285 crore.
Of India’s total industrial investments, AP contributed 23.56 %. Odisha came in second with Rs. 36,828 crore.
• Both AP and Odisha accounted for 45% of total investment inflows to India during this period.
Other Notable Achievements of Andhra Pradesh
i.With an emphasis on investments in renewable energy and port-based sectors, the AP government has
designated 29 locations suitable and viable for renewable power projects.
ii.Given that AP has the second longest coastline (972 km) in India, the AP government has begun development
of 3 additional ports and nine fishing harbours, in addition to the six existing ports.
• AP also leads in marine product exports in India.
MoT Report: “India Tourism Statistics 2022” – MH & TN Emerge as Top States with Foreign
Tourist Visits
The Vice-President (VP) of India, Jagdeep Dhankhar, released a report titled “India Tourism Statistics
2022” on World Tourism Day (September 27, 2022) at Vigyan Bhawan in New Delhi, Delhi. According to the
report that was prepared by the Ministry of Tourism (MoT),
• Maharashtra (MH) and Tamil Nadu (TN) had the highest numbers of foreign tourist visits, with
1.26 million and 1.23 million, respectively, in 2021.
• India received 677.63 million domestic tourist visits in 2021, an increase of 11.05% from 610.22
million in 2020.
On this occasion, the VP also unveiled the “GoBeyond: 75 Experiences of North India” e-book and the New
Incredible India Global Promotional Films.
He has presented the "National Tourism Awards 2018-19" to awardees, highlighting the achievements of the
industry in 2018-19. A total of 81 awards were given.
• Uttarakhand was awarded the First Prize (Hall of Fame) under the Comprehensive Development of
Tourism (Rest of India) category. The second and third places were won by Maharashtra and
Telangana, respectively.
‘India Tourism Statistics 2022’ Report
The MoT has prepared the report by compiling the latest data from various sources viz. United Nations World
Tourism Organization (UNWTO), States/UTs Tourism Department, Bureau of Immigration (BoI),
Archaeological Survey of India (ASI) etc.
Key Highlights of the Report
i.According to the data, the total number of foreign visitors in 2021-22 was 3,18,673, a 23.4% decline from
4,15,859 in 2020-21.
ii.The total number of domestic visitors in 2021-22 was 2,60,46,891, up from 1,31,53,076 in 2020-21,
representing a 98 % growth year on year.
• Tamil Nadu and Uttar Pradesh have the most domestic tourists, with 140.65 million and 86.12
million, respectively.
iii.In 2021, India was ranked 54th in the global Travel and Tourism Development Index (TTDI).
President of India Presents National Service Scheme Awards for the Year 2020-21
On 24th September 2022, the President of India, Droupadi Murmu presented the National Service
Scheme (NSS) Awards for the year 2020-2021 at Rashtrapati Bhavan, New Delhi, Delhi.
• A total of 42 awards have been awarded
including 2 Universities, 10 NSS units, their
programme officers, and 30 NSS volunteers
received the awards.
Key People:
Union Minister of Youth Affairs and Sports, Anurag
Singh Thakur, Union Minister of State (MoS) for Youth
Affairs and Sports Nisith Pramanik, and youth affairs
secretary Sanjay Kumar participated in the event.
About NSS Awards:
i.The NSS awards are conferred every year by the Department of Youth Affairs, under the Ministry of
Youth Affairs and Sports.
• These awards are conferred to recognise and reward outstanding contributions towards
voluntary community service to promote NSS in India.
NSS Awards 2020-2021 Categories:
Number of
Category awards Value
1st Award – Rs.5 Lakh for NSS Programme Development with a
Trophy to the University/ +2 Council, along with a certificate
and a silver medal to the programme coordinator.
2nd Award – Rs.3 Lakh for NSS Programme Development with a
University/ +2 Trophy to the University/ +2 Council, along with a certificate
Council 2 and a silver medal to the programme coordinator.
Rs.2 Lakh to each NSS Unit for NSS Programme Development along
NSS Units and their with a Trophy and Rs. 1.5 Lakh to each Programme Officer with a
Programme Officers 10 +10 certificate and a silver medal.
Rs. 1 Lakh to each volunteer along with a certificate and a silver
NSS Volunteers 30 medal.
About National Service Scheme (NSS):
i.The NSS is a Central Sector Scheme (CSS) of the Government of India (GoI), under the Ministry of Youth
Affairs & Sports (MoYAS) that was launched in 1969, with an aim to provide experience to young students
of schools and universities in delivering community services.
ii.NSS provides an opportunity to the student youth of 11th & 12th Class at +2 board level and student
youth of technical institutions, graduate & post graduate (PG) at colleges and University level to take part
in various government-led community service activities & programmes.
LIC out of Top 10 most valued firms; Replaced by Bajaj Finance, Adani Transmission
Life Insurance Corporation of India (LIC) is pushed out of the list of India’s 10 most valued companies by
market capitalization by Bajaj Finance and Adani Transmission. LIC is now ranked 11th with a market
capital of Rs 4.26 lakh crore.
• Bajaj Finance and Adani Transmission have taken 10th and 9th position, respectively.
• Reliance Industries Limited (RIL) is the top valued Indian company with a market capitalisation of
Rs. 17.8 lakh crore, followed by Tata Consultancy Services (TCS), HDFC Bank, Infosys, Hindustan
Unilever Limited (HUL), ICICI Bank, State Bank of India (SBI), and Housing Development Finance
Corporation (HDFC) Limited.
Key highlights:
i.As on 30th August 2022, Adani Transmission entered the coveted list of top 10 most valued companies with a
market value of Rs. 4.43 lakh crore on the BSE list which is higher than Bajaj Finance’s total mcap of Rs. 4.42
lakh crore and LIC’s Rs. 4.26 lakh crore.
ii.On 17th May 2022, LIC share price fell sharply and were allotted to the investors at Rs. 949 apiece and got
listed at the stock exchanges at discount.
• The stock is about 29 percent down from its initial public offering (IPO) issue price of Rs. 949.
iii.In the 2022 June quarter net profit of LIC Shares jumped to Rs. 682.9 crore as compared to Rs. 2.9 crore in
2021 June quarters, which reported a 20 percent year-on-year (YoY) growth in net premium.
MoHUA Minister Hardeep S. Puri presented Smart Solutions Challenge & Inclusive Cities
Awards 2022
On September 1, 2022, Union Minister Hardeep Singh Puri, Ministry of Housing and Urban Affairs (MoHUA)
presented Smart Solutions Challenge & Inclusive Cities Awards 2022 which are an initiative of the National
Institute of Urban Affairs (NIUA) and the United Nations (UN) in India to address city-level accessibility and
inclusion challenges faced by persons with disabilities (PwD), women and girls, and the elderly.
Smart Solutions and Inclusive Cities Awards 2022:
These were launched in April 2022 to promote people-centric design and indigenous technological innovations
and solutions. Over 100 entries were received through an open call for applications, out of which the top 10
technology-based innovations in 3 categories were identified as winning solutions by an eminent 7-member
jury panel.
i.In the category of early-stage innovations, the winner was a wearable technology product, Fifth Sense by
Glovatrix Pvt. Ltd., that translates sign language gestures to speech and text using sensors and AI.
ii.In the second category of market-ready solutions, Mouseware by Dextroware Devices Pvt. Ltd. was the
winner. Mouseware is a head-wearable device that enables hands-free control of computers and smart gadgets.
iii.In the 3rd category of Implemented Solutions, Multi-Dimensional Inclusiveness: Using Advanced
Technologies for Education and Literacy by Belagavi Smart City Ltd won the top prize. This system enables
those with disabilities to access education and healthcare.
Here is the list of winners:
Rank Winners
Category 1: Early-stage Innovations
1 Fifth Sense by Glovatrix Pvt. Ltd
2 Digital Mobility Subsidy by Ola Mobility Institute
3 AxcesAble Places by AxcesAble Designs LLP
Category 2: Market-ready Solutions
1 Mouseware by Dextroware Devices
2 Signer.AI by Incluistic Pvt. Ltd. / Friends for Inclusion
3 IncluMaps by Vikas Upadhyay, Research Scholar, IIT Delhi
Category 3: Implemented Solutions
Multi-Dimensional Inclusiveness: Using Advanced Technologies for Education and Literacy by Belagavi
1 Smart City Ltd.
2 myUDAAN by Tekra Solutions Pvt. Ltd.
Indian Army chief Gen. Manoj Pande conferred the title ‘Honorary General of the Nepali Army’
Bidya Devi Bhandari, the President of Nepal conferred the the honorary rank of General of Nepal
Army to General Manoj Chandrashekhar Pande, the Chief of Army Staff of the Indian Army.
Manoj Pande was conferred at a special ceremony at the President’s official residence ‘Shital Niwas’ in
Kathmandu, Nepal.
About General Manoj Pande:
i.General Manoj Pande, 1st officer from the Corps of Engineers to become the 29th Chief of Army Staff (COAS)
with the effect from April 2022.
ii.He was commissioned to the Corps of Engineers (The Bombay Sappers) in 1982.
Indian scientist, Padma Shri awardee Dr Swati Piramal conferred France’s Legion of Honour
Award
Indian Scientist-Industrialist and Padma Shri recipient Dr Swati Piramal, Vice-Chairperson of the Piramal
Group was honoured with the ‘Chevalier de la Legion d’Honneur’ (Knight of the Legion of Honour), France’s
top civilian honour for her contribution to business, science, medicine, arts, culture, and Indo-French ties.
• The award was presented to her by H.E. Catherine Colonna, Minister for Europe and Foreign Affairs
of France on behalf of President Emmanuel Macron.
Highlights:
i.The award is in recognition of her outstanding achievements and contributions in the fields of business and
industry, science, medicine, arts and culture, both nationally and internationally.
ii.In 2006, Dr Swati Piramal was honoured with Chevalier de l’Ordre National du Merite (Knight of the Order of
Merit), France’s second-highest civilian honour.
The Legion of Honour award:
• It was created by Napoleon Bonaparte in 1802.
• It is conferred by the French Republic for outstanding service to France, regardless of the nationality
of the recipients, and the President of France is the Grand Master of the Order of the Legion of
Honour.
About Dr Swati Piramal:
i.She is an Indian scientist and industrialist, and is involved in healthcare, focusing on public health and
innovation.
ii.She is the vice chairperson of Piramal Group, a business conglomerate with interests in pharmaceuticals,
financial services, real estate and glass packaging.
iii.She also served as Member of the Prime Minister of India’s Trade Advisory Council and the Scientific
Advisory Council. Currently she is working on the Harvard Global Advisory Council.
Award:
Padma Shri award (2012) for her contribution to the science and technology business.
Gates Foundation honours 4 leaders with 2022 Goalkeepers Global Goals awards; Dr Radhika
Batra of India among winners
On 20 September 2022, Bill and Melinda Gates Foundation honoured 4 changemakers, Dr Radhika Batra
(India), Zahra Joya (Afghanistan), Vanessa Nakate (Uganda), and Ursula von der Leyen (Germany), with the
2022 Goalkeepers Global Goals Awards as a part of its annual Goalkeepers campaign.
• The award recognises their efforts to advance progress towards the United Nations’ (UN)
Sustainable Development Goals (SDGs) in their communities and around the world.
2022 Goalkeepers Awards Ceremony:
i.The event was hosted by Tumelo Mothotoane, senior anchor of South African news broadcaster eNCA.
• The Goalkeepers Global Goals Awards ceremony was organized in Lincoln centre, New York, United
States (US).
ii.Goalkeepers is the Gates Foundation’s campaign to accelerate progress towards the Sustainable Development
Goals (Global Goals).
Winners of 2022 Goalkeepers Global Goals Awards:
Name of the Award Presented by Awardee Country
2022 Global Goalkeeper Award Bill Gates and Melinda French Gates Ursula von der Leyen Germany
2022 Campaign Award Malala Yousafzai Vanessa Nakate Uganda
2022 Changemaker Award Angelina Jolie Zahra Joya Afghanistan
2022 Progress Award Lilly Singh Dr. Radhika Batra India
About Dr Radhika Batra:
i.Dr Radhika Batra is the Co-founder of the nonprofit organization ‘Every Infant Matters’, which provides last-
mile health solutions to disadvantaged children in India.
ii.She is progressing SDG 3: Good Health & Well-Being and SDG 10: Reduced Inequalities.
Karim Benzema & Alexia Putellas Win UEFA Player Of The Year 2021/2022 Titles
Real Madrid CF striker Karim Mostafa Benzema (France) was awarded the ‘UEFA Men’s Player of the Year
2021/22’ title and Alexia Putellas Segura (Spain) was awarded the ‘UEFA Women’s Player of the Year
2021/2022 ’ title.
• The 2021/2022 Union of European Football
Associations (UEFA) award ceremony, hosted
by Turkish Football Federation, was held in
Istanbul, Turkey on 25th August 2022.
Highlights:
i.Karim Mostafa Benzema, is a French professional
footballer who plays as a striker for La Liga club Real
Madrid and the France national team.
ii.Alexia Putellas Segura, is a Spanish professional
footballer who plays as a midfielder for Primera Division
club Barcelona, whom she captains, and the Spain national team.
iii.Since 1998, the UEFA President’s award has also acknowledged an outstanding individual or group
achievement, whose impact transcends the game.
About 2021/2022 UEFA awards:
Award category Name Country /Club
UEFA Men’s Player of the Year Karim Mostafa Benzema France/ Real Madrid
UEFA Women’s Player of the Year Alexia Putellas Segura Spain/FC Barcelona Femeni
UEFA Men’s Coach of the Year Carlo Ancelotti Madrid, Spain
UEFA Women’s Coach of the Year Sarina Weigman England, United Kingdom
UEFA President’s award Arrigo Sacchi Italy
Hindi writer Dr. Asghar Wajahat conferred with 31st Vyas Samman
The 31st Vyas Samman Award was conferred to renowned Hindi writer Dr. Asghar Wajahat in New Delhi,
Delhi. He was selected for the prestigious award for his play ‘Mahabali’, which is focused on Mughal emperor
Akbar and poet Tulsidas. Through this play he attempted to answer who is the real Mahabali, the poet or the
emperor.
• The Vyas Samman awarded by the K.K. Birla Foundation is a literary award that recognises
outstanding work of Hindi literature by an Indian citizen published in the previous 10 years. The
award includes a cash prize of Rs 4 Lakh, a citation and a plaque.
• Ram Vilas Sharma received the inaugural Vyas Samman (1991) for his work ‘Bharat ke Pracheen
Bhasha Parivar aur Hindi’.
30th Vyas Samman was presented to Professor Sharad Pagare for his novel ‘Patliputra ki Samragi’.
Admiral Sunil Lanba received Meritorious Service Medal from Singapore Government
On 8th September 2022, Admiral Sunil Lanba (Retd), former Chief of Naval Staff(CNS), Indian Navy, was
conferred the prestigious Pingat Jasa
Gemilang (Tentera) [Meritorious Service
Medal (Military)] by Halimah Yacob, the President of the
Republic of Singapore at the Ministry of Defence,
Singapore.
• The award was presented by Dr Ng Eng Hen,
Defence Minister of Singapore on behalf of the
President.
• The award is a recognition of his outstanding
contribution to the strong and long-standing
bilateral defence relationship between the Indian
Navy and the Republic of Singapore Navy.
About Pingat Jasa Gemilang (Tentera):
The Pingat Jasa Gemilang (Tentera) is a decoration award given to the members of the Singapore Armed Forces
for distinguished performances.
Under special circumstances, The Medal is awarded to a person for his outstanding service in the promotion of
good relations between the Singapore Armed Forces and the military force of his country.
About Admiral Sunil Lanba:
i.Admiral Sunil Lanbaa retired Indian naval officer who served as the 23rd Chief of the Naval Staff of the Indian
Navy.
ii.Before his naval career, he served as the Navigation, Aircraft Direction and Operations Officer aboard several
ships in both, the Eastern and Western Fleets of the Indian Navy.
iii. With the support of Admiral Sunil Lanba, both navies commemorated the Silver Jubilee of the Singapore-
India Maritime Bilateral Exercise in 2018
iv.He also conducted the inaugural Singapore-India-Thailand Maritime Exercise (SITMEX) in September 2019.
His Other Awards:
• For his exceptional services to the nation, the President of India has first awarded Admiral Sunil Lanba
the Ati Vishist Seva Medal (AVSM) and then the Param Vishist Seva Medal (PVSM). He is also the
Honorary Aide-de-Camp (ADC) to the President.
Federal Bank Becomes only Indian Bank among Best Workplaces in Asia 2022 by Great Place to
Work
The Federal Bank Ltd was ranked 63rd on the Best Workplaces in Asia 2022 and became the only bank in
India to be listed by Great Place to Work, the global authority on building, sustaining and recognizing High-
Trust, High-Performance Culture at workplaces.
• The list was based on over 1 million survey responses across Asia and West Asia, representing the
experience of over 4.7 million employees in the region.
• According to Great Place to Work India data, 88% of employees at the best workplaces in Asia on
average reported having a positive employee experience. For the average global workforce, only
55% of workers report a similarly positive experience.
India won UN awards for ‘India Hypertension Control Initiative (IHCI)’ under NHM
On 21st September 2022, India won a ‘2022 United Nations (UN) Interagency Task Force, and WHO Special
Programme on Primary Health Care Award‘ for its ‘India Hypertension Control Initiative (IHCI)’, a Large-scale
hypertension intervention under the National Health Mission (NHM) at the UN General Assembly.
• India was awarded under the category of ministries of health (or government agency under a
ministry of health).
• The award is for India’s initiative to control and prevent hypertension under the government’s NHM.
• It has been recognized for India’s exceptional work within India’s existing primary healthcare
system.
• IHCI is a collaborative initiative of the Ministry of Health and Family Welfare, Indian Council of
Medical Research (ICMR), state governments and the World Health Organization(WHO)-India.
Key Highlights:
i.As per the WHO’s report, one in four adults has high blood pressure, which is the common reason for sudden
heart attack or stroke.
ii.Hypertension is a serious and growing health issue in India. There are an estimated 20 crore adults with
hypertension, of whom approximately only 2 crores have it under control.
iii. The Indian Government has adopted the “25 by 25” goal to reduce premature mortality due to Non-
Communicable Diseases (NCDs) by 25% by 2025.
India Hypertension Control Initiative:
i.The initiative was launched in 2017 and gradually increased to cover more than 130 districts across 23 states.
ii.IHCI aims to accelerate progress toward the NCD target by supplementing and intensifying evidence-based
strategies to strengthen the building blocks of hypertension management and control.
About Awards:
This award is to recognize achievements during 2021 on multisectoral action in the prevention and control of
NCDs, mental health and the wider NCD-related Sustainable Development Goals (SDGs).
It is given in three categories, They are
• Ministries of health (or government agency under a ministry of health);
• Ministries (or government agencies) beyond health; and
• Non-state actors (non-governmental organization, academic institutions and philanthropy).
Cochin International Airport Limited won Airport Service Quality Award 2022
The Cochin International Airport Limited (CIAL) has won the Airport Service Quality Award-2022 in the 5 to
15 million passenger category of airports operating in the Asia-Pacific region.The Airport Service Quality
Award is instituted by the Airport Council International (ACI).
• The award recognized CIAL’s
implementation of ‘Mission
Safeguarding’ program that was
implemented in 2021-22 to ensure seamless
traffic and passenger satisfaction after
COVID-19 pandemic.
• It is considered as the highest honour in the
global aviation sector owing to its extensive
survey methodology practices.
Key Points:
i.The award was received by the CIAL
Chairman Pinarayi Vijayan and its Managing Director (MD) S. Suhas from ACI World Director General Luis
Felipe de Oliveira at a function held at Krakow, Poland.
• The event was organised in connection with the ACI Customer Experience Global Summit 2022.
ii.The airport registered a growth of 92.66% in passenger volume and 60.06% in air traffic movement. CIAL
also improved its position as the third-busiest airport in India in terms of international traffic.
Kumar Sanu, Shailendra Singh & Anand-Milind to get Lata Mangeshkar Award
On 28th September 2022, renowned playback singers Kumar Sanu & Shailendra Singh and the duo of Indian
film music composers Anand & Milind Shrivastav have been conferred with the National Lata Mangeshkar
Award for different years.
The prestigious award is given on the birth anniversary
of the late legendary singer, Lata Mangeshkar at her
birthplace Indore, Madhya Pradesh.
• Shailendra Singh is honoured with the Lata
Mangeshkar Award for 2019, for his distinct
voice from 1970-1980.
• Anand-Milind is honoured with the Lata
Mangeshkar Award for 2020, for composing
music for over 200 films.
• Kumar Sanu is honoured with the Lata
Mangeshkar Award for 2021, for his velvet
voice to numerous popular songs in the 1990s.
Note: The last Lata Mangeshkar Award function was held on February 7, 2020.
Lata Mangeshkar Award:
i. It is a National-level award instituted to honour works in the field of music.
ii. The State Government of Madhya Pradesh started this award in 1984, which consists of a certificate of merit
Indian Activist Srishti Bakshi wins ‘Changemaker’ award at UN SDG Action Awards
A women’s rights activist from India, Srishti Bakshi has won the ‘Changemaker‘ award at the UN SDG (United
Nations Sustainable Development Goals) Action Awards held at a ceremony in Bonn, Germany.
The award is given to recognise the efforts of Srishti Bakshi to raise awareness of gender-based violence and
inequality.
About Srishti Bakshi:
i. Srishti Bakshi, a marketer-turned-women’s-rights-
activist and founder of the CrossBow Miles movement,
started on an on-foot pilgrimage of 3,800 Km
through 12 Indian states from Kanyakumari to
Kashmir.
ii. She has covered a distance of 30-35 km and met
anywhere between 150-200 people a day.
iii. She has already walked through the states of Tamil
Nadu, Andhra Pradesh, Telangana, Karnataka,
Maharashtra, Madhya Pradesh, Rajasthan, Uttar
Pradesh, Delhi, Haryana, Punjab and Jammu & Kashmir.
iv. She conducted over 100 workshops focused on women’s safety to put a spotlight on the causes of violence
against women and also empower women and reveal stories of resilience, along with digital and financial
literacy.
v. WOMB: Women Of My Billion, a documentary that captured her journey exposes the raw emotions and
realities of women in India.
About UN SDG Action Awards Ceremony:
i. The UN SDG Action Awards Ceremony celebrates people and initiatives that mobilize, inspire, and connect
people every day, proving that each one of us has the power to drive transformative action
ii. The finalists for the UN SDG Action Awards were selected from over 3,000 applications from 150 countries
and the winners were announced during a live event on 27 September 2022.
Other UN SDG Action Awards Winners 2022:
• ‘SUPvivors say NO MORE’- Mobilise category
• ‘The Masungi Story’- Inspire category
• CyprusInno- Connect category
1 Honourable Mention for ‘Let’s Do It Ukraine’.
Swedish PM Magdalena Andersson resigns after Right-wing parties win Swedish election
On 15th September 2022, Prime Minister (PM) of Sweden, Magdalena Andersson, leader of Social Democratic
Party, resigned from the post after her centre-left bloc lost the 2022 Parliamentary Elections to a bloc of right-
wing parties, 176 seats to 173. The Elections were held
on 11th September 2022.
• Magdalena Andersson was Sweden’s first
female PM.
Note: The right-wing bloc includes a nationalist, anti-
immigration party (Moderate Party).
Key points:
i.The resignation was formally submitted to Andreas
Norlen, Speaker of Sweden’s parliament. She will
continue in a caretaking capacity until a new government
is formed.
ii.Ulf Kristersson, Sweden’s Moderate Party leader, is likely to form a new government in Sweden.
Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud named as Prime Minister
On 27th September 2022, Mohammed bin Salman Al Saud, a powerful Crown Prince of Saudi Arabia and son
of King Salman bin Abdulaziz has been named Prime Minister (PM) of Saudi Arabia by royal decree.
The former Prime Minister King Salman bin
Abdulaziz will continue to chair the Cabinet meetings
that he attends.
Other Royal Decrees:
i. King Salman bin Abdulaziz promoted his 2nd son
Prince Khalid bin Salman from Deputy Defence Minister
to Defence Minister.
ii. Prince Abdulaziz bin Salman remained Saudi Arabia’s
energy minister
iii. Prince Faisal bin Farhan Al Saud, Foreign Minister;
Mohammed al-Jadaan, Finance Minister; and Khalid al-
Falih, Investment Minister remained unchanged.
About Mohammed bin Salman Al Saud:
i. Mohammed bin Salman Al Saud, the 37-year-old Crown Prince, known as MbS, a member of the Saudi royal
family who served as Minister of Defence (2015-2022). He is already seen as the de facto ruler of Saudi Arabia
(an oil-rich Gulf state).
ii. He is the leading figure in the kingdom’s “Vision 2030” plans to transform the country’s economy and
energy infrastructure.
iii. In 2009 he became a formal adviser to his father, who was then Governor of Riyadh, Saudi Arabia.
iv. In 2017, when Mohammed bin Salman Al Saud rose to power, he changed Saudi Arabia radically as he led
efforts to diversify the economy from dependence on oil, allowing women to drive and hold back the clerics’
power over society.
About Saudi Arabia:
King- Salman bin Abdulaziz Al Saud
Capital- Riyadh
Currency – Saudi Riyal
Acefour Accessories appointed Jasprit Bumrah as the Brand Ambassador of its Brand
“Uppercase”
Acefour Accessories, a travel accessories company appointed Jasprit Bumrah, an Indian Cricketer as brand
ambassador for its eco-friendly luggage brand “Uppercase ‘‘ for two years. He will lead the ”Never Ordinary
Campaign”.
i.The campaign is managed by RISE Worldwide, an initiative of Reliance Industries Limited (RIL) and India’s
Serbia’s President nominated Ana Brnabic as Prime Minister of Serbia until 2024
Ana Brnabic has been nominated as prime minister (PM) of Serbia by Serbian President Aleksandar Vucic for
the second consecutive time. Ana Brnabic who was 46 years old became Serbia’s first female and first openly
gay person to hold this postion.
• She has beenPrime Minister of Serbia since
2017 and her term will be continued till 2024.
• She was born in Belgrade,the capital city of
Serbia.
• In August 2016, she was appointed as
the Minister of Public Administration and
Local Self-Government. In addition, she is the
president of the Council for Innovative
Entrepreneurship and Information
Technologies of the Government of Serbia.
• In 2019, Brnabić was ranked by Forbes magazine as the 88th most powerful woman in the
world and as the 19th most powerful female political and policy leader.
Crisis in Serbia
• Serbia is almost entirely dependent on Russian gas and has also bought weapons from Russia, while
China is a major investor for Serbia.
• Both China and Russia support Serbia’s opposition to the independence of Kosovo, Belgrade’s
former southern province.
About Serbia:
President – Aleksandar Vučić
Capital – Belgrade
Currency – Serbian dinar
Shaji Prabhakaran appointed as Secretary General of AIFF & Dhar as its Deputy
The All India Football Federation (AIFF) appointed Shaji Prabhakaran as its new Secretary General who
resigned the post of Football Delhi president.
• The appointment of Prabhakaran as Secretary General and Sunando Dhar as the new Deputy
Secretary General of the sports body was carried out by the newly-formed executive committee of
the AIFF, whose president is Kalyan Chaubey.
Volker Türk appointed as UN’s New High Commissioner for Human Rights
On 8th September 2022, the United Nations (UN) Secretary-General Antonio Guterres has appointed Volker
Türk of Austria as United Nations High Commissioner for Human Rights, following approval by the UN General
Assembly(UNGA).
• Volker Turk replaces Verónica Michelle Bachelet
Jeria, a Chilean politician who served at the office of
the UN High Commissioner for Human Rights
(OHCHR) from 2018 to 2022.
About Volker Türk:
i.Previously, Volker Türk served as the Assistant High
Commissioner for Protection at UN refugees, the UN
Refugee Agency (UNHCR), Geneva. He had a long and
successful career in the advancement of human rights
globally.
ii.He served with the UN refugee agency in Malaysia,
Kosovo and Bosnia Herzegovina, the Democratic Republic of Congo, and Kuwait.
iii. His immediate challenge will be the controversial report of the accusation on China committing crimes
against humanity and possibly genocide (mass murder) against the Uyghur people and abusing Muslim
minorities.
About the Office of the High Commissioner for Human Rights (OHCHR):
Headquartered- Geneva, Switzerland
Establishment- December 1993
President João Manuel Gonçalves Lourenço Elected as the President of Angola for the 2nd term
Angola’s incumbent President João Manuel Gonçalves Lourenço won a second term as the President of
Angola after his party, the People’s Movement for the Liberation of Angola (MPLA) party, was declared the
winner of Angola’s general election.
• MPLA won 51.17 % of the ballots against 43.95
% for the main challenger, the National Union
for the Total Independence of Angola (UNITA).
About João Manuel Gonçalves Lourenço:
i.He was born 5 March 1954 in Luanda, Angola.
ii.He is an Angolan politician, who has served as the
president of Angola from 2017-2022 (first term).
• He was officially sworn into Office of President
on 26 September 2017
iii.He also served as the Minister of Defence from 2014-
2017.
Ugandan Youth Climate Activist Vanessa Nakate appointed as Goodwill Ambassador of UNICEF
On 15th September 2022, UNICEF appointed Vanessa Nakate, a 25-year-old climate activist from Uganda as
the Goodwill Ambassador of the UN Children’s Fund (UNICEF).
About Vanessa Nakate:
i.Vanessa Nakate was born in Kampala, Uganda (East
Africa) in 1996.
ii.She began her activism in January 2019 with the
inspiration of Sweden’s Greta Thunberg and has been
named Ugandan Climate Activist.
iii. She was a prominent member of the Fridays For Future
movement. She founded the Rise Up Movement, a platform
to raise the voices of African climate activists, and a project
to install solar panels in rural Ugandan schools.
iv.In 2020, she attended the 2020 World Economic Forum
in Davos, Switzerland, with Thunberg and others.
v.Globally half the world’s 2.2 billion children live in one of the 33 countries, classified by UNICEF’s Children’s
Climate Risk Index as “extremely high-risk” of the impacts of climate change.
vi.According to UNICEF, the top 10 countries are all in Africa.
Note: Rise Up Movement- A movement to eradicate poverty, gender-based violence, human trafficking and
child abuse.
CSB Bank appoints Pralay Mondal as MD & CEO with effect from September 15
CSB bank limited, formerly known as Catholic Syrian Bank Limited, has appointed Pralay Mondal, as the
Managing Director (MD) & Chief Executive Officer (CEO) of the bank for a period of 3 years with effect from
15th September 2022.
• The board of directors of the bank approved the
appointment following the approval received
from the Reserve Bank of India(RBI).
• He has been serving as the Deputy MD of CSB
Bank since February 2022 and later he was
appointed as interim MD & CEO of the bank
with effect from April 2022.
About Pralay Mondal:
i.Pralay Mondal joined the CSB bank as president, retail,
SME, operations and IT on September 2020 and was
appointed as the Deputy Managing Director of the Bank
with effect from February 2022.
ii.Before joining CSB bank, he served as the senior group president and head of retail banking & business
banking at Yes Bank and as Executive director and head of retail banking at Axis Bank.
iii. He has previously worked with HDFC Bank, Standard Chartered Bank, Wipro InfoTech and Colgate
Palmolive.
vi.He has around 30 years of banking experience across multiple businesses and functions including retail
assets, retail liabilities, business banking, products and technology.
Senegal President Macky Sall reinstates the post of PM; Amadou Ba appointed as Senegal’s PM
On 17th September 2022, Macky Sall President of Senegal reinstated the post of Prime Minister(PM),
appointing former Economy Minister Amadou Ba(61 years old) as the PM of Senegal.
The post of Prime Minister was abolished in April 2019.
Background:
i.In May 2019, Senegalese parliamentarians approved a constitutional reform and abolished the post of Prime
Minister. President Macky Sall signed the decree that officially abolished the post of PM.
• Mahammed Boun Abdallah Dionne was the PM of Senegal in 2019.
ii.In 2021, Senegal’s Lawmakers voted to reintroduce the role of Prime Minister, which was abolished in 2019.
Key Points:
i.The President appointed a new government that included 38 ministers.
ii.Key ministers from the previous government including defence, interior, foreign affairs and finance, were
maintained.
iii.Oulimata Sarr, regional director of UN Women was appointed as the Minister of economy and planning.
About Amadou Ba:
i.Amadou Ba was born on 17 May 1961 in Dakar, Senegal. He is a Senegalese politician.
ii.He served as the Foreign Minister of Senegal from 2019–2020 and Minister of Finance and Economy from
2013–2019.
About Senegal:
Capital- Dakar
President-Macky Sall
Currency- West African CFA Franc
Max Life Insurance announced Rohit Sharma & Ritika Sajdeh as Brand Ambassadors
On 19th September 2022, Max Life Insurance announced Rohit Sharma, captain of the men’s Indian cricket
team and his wife Ritika Sajdeh, an Indian sports manager as Brand Ambassadors.
• The company has signed a 2-year partnership
with Rohit Sharma and Ritika Sajdeh, who are
making their debut onscreen together.
• The core message of Max Life Insurance is to be
prepared mentally, physically, and financially
for emerging challenges.
Key Highlights:
i.The collaboration will increase the awareness of life
insurance among the younger generation and help the
company grow further.
ii.With the partnership, Max Life Insurance targets the
millennial audience and conveys the importance of having life insurance.
iii. The aim of the company is to promote the Max Life brand ethos of valuing the ‘self’ to determine the right
financial value to protect themselves and their family.
About Rohit Sharma:
i.Rohit Gurunath Sharma from Nagpur, Maharashtra is the present Captain for the Indian cricket team in
limited-overs cricket.
ii.Rohit Sharma tops the list of most Indian Premier League (IPL) trophies(as a player). He won his first IPL title
with Deccan Chargers in 2009, and under his captaincy, Mumbai Indian won 5 IPL titles (2013, 2015, 2017,
2019 and 2020).
Awards: Arjuna Award for Cricket in 2015 and Major Dhyan Chand Khel Ratna Award for Cricket in 2020.
About Max Life Insurance:
Managing Director (MD) & Chief Executive Officer (CEO)- Prashant Tripathy
Establishment- 2001
Headquarters- New Delhi, Delhi.
Lt Gen Anil Chauhan (Retired) Appointed as India’s 2nd Chief of Defence Staff
On 28th September 2022, the Government of India(GoI) appointed Lieutenant (Lt.) General (Gen.) Anil
Chauhan, the military adviser to the National Security Council Secretariat (NSCS) and a former Eastern Army
Commander, as the Chief of Defence Staff (CDS) of India.
• He is the 2nd person to hold the post of CDS after General Bipin Rawat, who died in a chopper crash
in December 2021 in Tamil Nadu.
• General Anil Chauhan will also function as Secretary of the Department of Military Affairs, GoI with
effect from the date of his assumption of charge and until further orders.
• Gen. Anil Chauhan retired in May 2022 and is currently the military advisor to national security
advisor Ajit Doval.
Senior Advocate R. Venkataramani Becomes the New Attorney General for India
Droupadi Murmu, President of India, has appointed senior advocate R. Venkataramani (72-years old) as the
Attorney General (AG) for India for a period of 3 years succeeding K. K. Venugopal, whose term as AG ends on
30th September 2022. He is the 16th AG of India.
About Venkataramani:
i.Venkataramani enrolled as a lawyer in July 1977 with the
Bar Council of Tamil Nadu and shifted his practice to the
Supreme Court in 1979.
• In 1997, he was designated Senior Advocate by
the apex court.
• He specialised in constitutional laws, law of
indirect laws, human rights law, civil and
criminal law.
ii.He was appointed as a Member of the Law Commission
in 2010 and again for a further term in 2013.
iii.He was also involved in the Constitution Review Commission Work under the chairmanship of
Venkatachelliah.
About Attorney General for India (AG):
i.Attorney General for India is the first law officer of the Government of India and he is also a part of the Union
Executive.
Chief Justice Munishwar Nath Bhandari appointed as chairman of PMLA appellate tribunal
Chief Justice of Madras High Court (HC), Justice Munishwar Nath Bhandari was appointed as the Chairman of
the Appellate Tribunal under the Prevention of Money Laundering Act (PMLA).
• He was appointed by the President of India for a period of 4 years, or till attaining the age of 70 or
until further orders, whichever is the earliest in terms of Tribunal (Conditions of Service) Rules,
2021 in Tribunal Reforms Act, 2021.
• The order was issued by the Department of Revenue under the Ministry of Finance.
• The post of the Chairperson of the Tribunal was vacant since September 2019.
• The Tribunal for Forfeiture of Property under the SAFEMA (Smugglers and Foreign Exchange
Manipulators Act) and the PMLA Appellate Tribunal were merged in 2016 through the Finance Act,
2016.
Lux Industries Limited appoints Sourav Ganguly as Brand Ambassador for Lux Cozi
Lux Industries Limited appointed Sourav Ganguly as its brand ambassador for its brand Lux Cozi.
• Sourav Ganguly is the president of Board of Control for Cricket in India (BCCI).
• Bollywood Actor Varun Dhawan is also a brand ambassador for the product.
• In August 2022, Lux Industries Limited launched a campaign with actor Salman Khan for its
Venus brand.
Britannia appointed Rajneet Kohli as CEO, Varun Berry elevated as its Executive VC & MD
The Board of Britannia Industries Limited has appointed Rajneet Singh Kohli as its Executive Director and
Chief Executive Officer (CEO) with effect from 26th September 2022. Varun Berry has been elevated as
its Executive Vice Chairman(VC) and Managing Director (MD) with immediate effect.
Rajneet Singh Kohli will report to Varun Berry.
• Prior to this appointment, Kohli was serving as president and chief business officer at Domino’s
India, run by food service company Jubilant FoodWorks.
• Varun Berry joined Britannia as Vice President & Chief Operating Officer in 2013.
IL&FS board reshuffles: Government appointed Nand Kishore as MD; CS Rajan as Non-executive
Chairman
On 27th September 2022, the Ministry of Corporate Affairs reshuffled the board of Infrastructure Leasing &
Financial Services (IL&FS) Limited which undergoes a debt resolution process and appointed Nand Kishore,
Executive Director as the New Managing Director, with immediate effect till March 2023.
• Existing Board member CS Rajan is being redesignated as the Non-Executive Chairman.
• The board has five members includes Rajan and Kishore, the other directors are G C Chaturvedi,
Malini Shankar and N Srinivasan. G C chaturvedi will step down on September 30 2022.
About Nand Kishore:
i. Nand Kishore was a 1981 batch IAS officer, who was appointed to the board of IL&FS in 2018.
ii. In December 2020, he was appointed as Executive Director of IL&FS.
About CS Rajan:
i. CS Rajan is an IAS officer of the 1978 batch who retired as Rajasthan Chief Secretary in 2016.
ii. He was appointed as Chairman and Managing Director for 6 months since Uday Kotak, who steered the
resolution process for nearly 4 years, as the IL&FS Ltd board’s Non-Executive Chairman ended on April 2, 2022.
Key Points:
i. In 2018, the corporate affairs ministry replaced the board of IL&FS when financial misdoings came to light.
ii. The financial services group has 347 entities under IL&FS and a resolution has taken place for 246
entities after the ministry-appointed board started the resolution process.
• IL&FS group had addressed a debt of about Rs 55,000 crore (90%) of its original estimate of Rs
61,000 crore.
• In 2018, the group represented a resolution of 62% of the overall fund-based and non-fund-based
debt of over Rs 99,000 crore.
About Infrastructure Leasing & Financial Services Limited (IL&FS):
Managing Director – Nand Kishore
Headquarters- Mumbai, Maharashtra
Establishment- 1987
CCI Approves Acquisition of 100% of Equity Share Capital of IIL by PayU India
The Competition Commission of India (CCI) approved the final acquisition of 100% of the equity share capital
of IndiaIdeas.com Limited (IIL) or BillDesk by PayU Payments Private Limited (PayU India).
Target- IndiaIdeas.com Limited (IIL)
Acquirer- PayU Payments Private Limited (PayU India)
• The approval was given under Section 31(1) of the Competition Act, 2002.
• The proposed transaction involved novel assessment by the CCI of dynamic digital markets.
• The proposed transaction falls under Section 5(a) of the Competition Act, 2002 (as amended).
• The deal, which was first announced in August 2021, was approved after a long wait as CCI sought
additional details from PayU.
About the acquisition:
i.PayU India is involved in providing payment aggregation services, which enables merchants (and other
entities) to receive payments from their customers across various digital payment methods.
ii.IIL is an unlisted public limited company. It uses the name “BillDesk” as its trading/ business/ brand name in
India.
• It also provides payment aggregation services, which enable merchants (and other entities) to
receive payments from their customers across various digital payment methods.
iii.The shares of PayU India are indirectly held by Prosus N.V. (“Prosus”). The acquisition brings PayU owner
Prosus’ total investments in India to USD 12 billion.
• Prosus has a primary listing on Euronext Amsterdam. Naspers Limited holds 73.6% voting rights in
Prosus. Naspers is listed on the Johannesburg Stock Exchange.
CCI approves acquisition of stake in Apraava Energy Private Limited by CDPQ Infrastructures Asia II
Pte. Ltd.
The CCI approves the acquisition of stakes in Apraava Energy Private Limited by CDPQ Infrastructures Asia II
Private Limited under Section 31(1) of the Competition Act, 2002.
Target-Apraava Energy Private Limited
Acquirer- CDPQ Infrastructures Asia II Pte. Ltd.
About the acquisition:
i.The Proposed Combination involves acquiring an additional 10% shareholding in Apraava Energy Private
Limited from CPL GPEC (Mauritius) Holding Limited.
ii.Currently CDPQ Infrastructures Asia II Pte. Ltd. holds 40% shareholding in Apraava Energy Private Limited.
CDPQ Infrastructures Asia II Pte. Ltd.- it is a Singapore-based company which is direct and wholly owned
subsidiary of Caisse de dépôt et placement du Québec, a long-term institutional investor that manages funds
primarily for public and para-public pension and insurance plans.
Apraava Energy Private Limited- it is among the leading Independent Power Producer (IPP) in India, with an
investment spread across renewable energy (including wind and solar), transmission, supercritical coal and gas
fired generation.
• It entered India in 2002 and expanded its portfolio of operating conventional and renewable assets.
About Competition Commission of India (CCI):
Founded-14 October 2003
Headquarters– New Delhi, Delhi
Chairperson-Ashok Kumar Gupta
SBI acquire balance stake in SBI Global Factors from SIDBI, BoM & UBI
On 16 September 2022, State Bank of India(SBI) acquired the 13.82% stake of State Bank of India Global
Factors Ltd (SBIGFL) from its existing shareholders Small Industries Development Bank of India (SIDBI) 6.53%;
Bank of Maharashtra (BoM); 4.34%; and Union Bank of India (UBI) 2.95%.
• Following this acquisition, SBIGFL became a wholly owned subsidiary of SBI.
• This transaction entails a cash consideration of RS 67.84 crore.
• Prior to this acquisition, SBI held an 86.18% stake in SBIGFL.
Key points:
i.The decision was taken in a meeting of the Executive Committee of the Central Board (ECCB) of SBI on 29
March 2022.
ii.The approval for the acquisition of shares and change of control in management was given by the Reserve
Bank of India (RBI).
iii.SBIGFL, a subsidiary of SBI, is a non-banking financial company. It provides domestic and export factoring
services.
About State Bank of India (SBI):
Chairman- Dinesh Kumar Khara
Founded- 1955
Headquarters- Mumbai, Maharashtra
Adani Group acquires Ambuja Cements & ACC; becomes India’s 2nd largest cement maker
On 16th September 2022, the Adani groups successfully completed the acquisition of Ambuja Cements
Limited and ACC Limited through Endeavour Trade and Investment Limited (BidCo), a special purpose
vehicle incorporated by the Adani groups.
• With this acquisition, Adani has now become India’s 2nd largest cement manufacturer.
Note: At present, Ultratech Cement is the largest player with a market valuation of over Rs 1.87 lakh crore.
About the acquisition:
i.Adani Group has acquired Switzerland-based Holcim’s 63.1% stake in Ambuja Cements, which owns a 50.05%
along with its 4.48% direct stake in ACC.
• The cash proceeds aggregated to USD 6.4 billion(~RS 51000 crore) for Holcim.
ii.The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in
both entities as per Securities and Exchange Board of India(SEBI) Regulations.
Canadian Pension fund OTPP to buy 30% of Mahindra Susten for Rs 2,371 crore
On 17th September 2022, the Canadian-based Ontario Teachers’ Pension Plan (OTPP) Board signed binding
agreements with the Mahindra Group to receive a 30% stake in Mahindra Group’s renewable energy firm
Mahindra Susten Private Limited (Mahindra Susten). The value of the stake is Rs 2,371 crore (USD 300
million).
Key Highlights:
i. The partnership between Mahindra Group and OTPP is to capitalize on the growing renewables opportunity
in India and contribute toward the country’s decarbonization ambitions.
ii.The deal also initiates the setting up of an Infrastructure Investment Trust (InvIT) in compliance with
applicable regulations of the Securities and Exchange Board of India (SEBI).
iii. Initially, InvIT proposed to comprise renewable power assets seeded by Mahindra Susten with an
operational capacity of around 1.54 GWp. The shareholder loans of Rs 575 crore advanced by Mahindra Group
to Mahindra Susten will be repaid.
iv. As a result, Mahindra Group will receive an inflow of approximately Rs 1,300 crore. Both Mahindra Group
and OTPP will jointly explore the sale of an additional 9.99% stake in Mahindra Susten by May 31, 2023.
v. Over the next 7 years, Mahindra Group will deploy the funds and increase the amount by up to Rs 1,750 crore
into the business and InvIT. At the same time, OTPP has committed to deploy an additional amount of up to Rs
3,550 crore into the business and the InvIT.
vi. The proposed transaction will enable Mahindra Susten to build a strong renewable energy business focused
on solar energy, hybrid energy, integrated energy storage and round-the-clock (RTC) green energy plants.
DBT & SII launches India’s First Indigenously-developed vaccine to prevent Cervical Cancer
India had launched its First indigenously-developed quadrivalent Human Papilloma Virus (qHPV) vaccine on 1
September, 2022 against Cervical Cancer.
This vaccine was developed by the Serum Institute of India (SII) and the Department of
Biotechnology (DBT) and the market was granted by the Drugs Controller General of India (DCGI), which was
recommended by the Subject Expert Committee (SEC).
• The Union Minister of Science and Technology Jitendra Singh was invited to launch the vaccine at
India International Centre (IIC), Delhi, New Delhi.
• SII reported that the Centre can supply around 1 crore doses of qHPV by December 2022.
NASA & Axiom Signs Second Private Astronaut Mission to Space Station Order
National Aeronautics and Space Administration (NASA) and Axiom Space have signed a mission order for
Axiom Mission 2 (Ax-2), the 2nd private astronaut mission(PAM) to the International Space Station (ISS). The
mission is scheduled that is to take place in the 2nd quarter of 2023.
• The spaceflight will launch from NASA’s Kennedy
Space Centre in Florida and travel to the ISS.
About the mission:
i.The Axiom astronauts will spend around 10 days in the
laboratory and will coordinate in-orbit activities for the
private astronauts to conduct in coordination with space
station crew members and flight controllers on the ground.
ii.Axiom has contracted NASA, international partners, and
SpaceX as its launch provider for the transportation of crew
members to and from the ISS and also trains the Ax-2 crew
members for their flight
About Axiom Mission 2 (Ax-2):
i.Background – In December 2021, NASA announced the selection of Axiom Space for negotiations for the
second private astronaut mission.
ii.For the Ax-2 mission, Axiom Space will submit 4 proposed crew members and 4 back up crew members to
ISS Multilateral Crew Operations Panel for review.
• After the review and approval from NASA and its international partners, the prime crew members
for the mission will be named.
iii.Axiom will obtain NASA services such as crew supplies, cargo delivery to space, storage, and other in-orbit
resources for daily use, through both the mission-specific order and Reimbursable Space Act Agreements to
conduct the mission
Note:
• On 8th April 2022, a SpaceX Falcon 9 rocket launched AX-1 with 4 crew members, from NASA’s
Kennedy Space Center, which was the first-ever fully private crewed mission to launch to the
orbiting lab(ISS).
• Inspiration4, a privately chartered spaceflight by Billionaire Jared Isaacman launched by SpaceX in
September 2021, was the first crewed orbital mission with no professional astronauts on board(all-
civilian spaceflight).
NITI Aayog & WRI Launches India’s First National Electric Freight Platform – ‘e-FAST’
On 8th September 2022, National Institute for Transforming India (NITI Aayog), in collaboration with World
Resources Institute (WRI) India launched India’s 1st electric freight platform, e-FAST India (Electric Freight
Accelerator for Sustainable Transport – India) to enable road
based electric freight (e-freight) transition.
The e-FAST India platform is supported by the World
Economic Forum (WEF), CALSTART and RMI(Rocky
Mountain Institute) India for bringing different stakeholders
together, from across the freight ecosystem.
About e-FAST India platform:
i.This will help in strengthening partnerships and identify
and support innovative freight solutions.
ii.It will also support scalable pilots and suggest policies that
accelerate freight electrification in India.
The e-FAST India platform witnessed participation from major automobile industry players, logistics
companies, development banks and fin-tech companies.
Other launch:
i.During the event, NITI Aayog and RMI India WRI also released a report on “ ‘Transforming Trucking in India
– Pathways to Zero-Emission Truck Deployment”, that highlights the benefits of zero-emission trucks (ZETs) in
ISRO tests hybrid propulsion system that uses Solid Fuel, Liquid Oxidiser
The Indian Space Research Organisation (ISRO) has successfully tested a 30 kN hybrid motor, a new
propulsion system for the forthcoming launch vehicles, at ISRO Propulsion Complex (IPRC) at Mahendragiri in
Tamil Nadu (TN).
• The hybrid motor uses Hydroxyl-terminated polybutadiene (HTPB) as fuel and liquid oxygen (LOX)
as the oxidizer, unlike solid-solid or liquid-liquid
combinations.
About hybrid motor test:
The test was conducted by Vikram Sarabhai Space
Centre (VSSC) with support from the Liquid Propulsion
Systems Centre (LPSC).
• It was a ground-based test which was for 15
seconds on a 300-mm sounding rocket motor.
• This test paves the way for a new propulsion
system for the forthcoming launch vehicles.
Key Points:
i.The use of liquids facilitates throttling, and the control over the flow rate of LOX enables the re-start
capability.
ii.Both HTPB and LOX are environment friendly, LOX is safer to handle.
• Conventional HTPB-based solid propellant motors used in rockets use ammonium perchlorate as
the oxidiser. In rocket engines, oxidisers supply the oxygen needed for combustion.
About Indian Space Research Organisation (ISRO):
Chairman– S. Somanath
Headquarter– Bengaluru, Karnataka
Hughes Launches India’s First HTS Broadband Service to Link Remote Areas
On 12th September 2022 Hughes Communications India Private Limited (HCI) launched India’s first High
Throughput Satellite (HTS) broadband internet service to provide high-speed satellite internet across India,
including in remote areas.
• This service is provided using the Indian Space Research Organisation (ISRO)’s GSAT-11 and GSAT-
29 communication satellites.
DEFENCE
EXERCISE
India & UK Conducts Counter Ransomware Exercise for 26 Nations
To prepare the energy sector organisation to deal with ransomware attack, National Security Council
Secretariat (NSCS) of India and the Government of the United Kingdom (UK) in collaboration with BAE Systems
successfully designed & conducted the Cyber Security Exercise, a virtual ransomware drill for 26 Countries.
• The exercise is being conducted as part of the
International Counter Ransomware Initiative
(CRI)-Resilience Working Group which is
being led by India under the leadership of
National Cyber Security Coordinator (NCSC).
• The exercise focuses on Energy sectors
organisation in which each National Cyber
Crisis Management Teams of the CRI Partner
Nations deals with the a ransomware attack
on multiple electricity distribution
companies.
Aim:
• The exercise aims to simulate a large, wide-spread cyber security incident affecting organisations
within a country.
• This exercise was designed to support the mission of the CRI, and aims to allow participating CRI
Members to test their capability to respond to a major ransomware incident.
• The exercise demonstrates the benefit of sharing information and collaborating during a major
incident and provide opportunities for the CRI Nations to share their approaches to countering
ransomware.
About the Exercise:
i.The exercise has been facilitated by BAE systems and through the Immersive Labs platform.
ii.The theme of the exercise was based on the energy sector in which the respective National Cyber Crisis
Management Teams of the CRI Partner Nations will have to deal with a ransomware attack on multiple
electricity distribution companies.
• These energy sector companies are responsible for the distribution of electricity to domestic
customers and are the last link to the public supply.
Indian Army & Indian Air Force Conduct Joint Exercise “Gagan Strike” In Punjab
The Kharga Corps of the Indian Army and the Indian Air Force (IAF) conducted the joint exercise “Gagan
Strike” in Punjab, to demonstrate the strength and prowess of the armed forces.
• The joint exercise was led by Lieutenant General
Pratik Sharma, General Officer Commanding
(GOC), Kharga Corps, and took place over 4 days
in various places of Punjab bordering Ambala in
Haryana.
• Gen. Nav Kumar Khanduri, the GOC in Chief of
Western Command, also participated in the
exercise.
Key Points:
i.Attack helicopters were deployed as the aerial support for
ground forces engaged in drills, simulating the destruction of enemy defences and deep penetration.
ii.The drill also illustrated the precision firepower of the attack helicopters working in tandem with the
mechanised columns of the ground forces.
iii.It established the Apache 64E and Advanced Light Helicopter (ALH) Weapon System Integrated (WSI) as
capable weapons delivery platforms.
JIMEX 2022: India and Japan Begins Joint Naval exercise at Bay of Bengal
On 11th September 2022, the sixth edition of Japan India Maritime Exercise 2022 (JIMEX 22) was hosted by
the Indian Navy and it commenced in the Bay of Bengal.
• The first edition of JIMEX took place in the year 2013.
• The JIMEX 22 marks the 10th anniversary of JIMEX, which began in Japan in 2012 and also
coincides with the 70th anniversary of the diplomatic relations between India and Japan.
Army Chief Gen Manoj Pande Reviews Exercise Parvat Prahar in Ladakh
General Manoj Pande, Chief of Army Staff (COAS) reviewed exercise Parvat Prahar, on his 2-day visit to
Ladakh. The COAS was briefed on operational preparedness by commanders on the ground.
Key highlights:
i.The exercise took place amid the disengagement process
of India and China Patrolling Point (PP) 15 in the Gogra-Hot
Springs area on the Line of Actual Control (LAC) in eastern
Ladakh.
ii.This disengagement process follows the 16th round of
talks between the corps commanders of India and China
that was held at Chushul Moldo Meeting Point in July 2022.
India and China have agreed on disengagement in the area
of Gogra-Hot Springs (PP-15).
About Exercise Parvat Prahar:
i.Parvat Prahar was held in the Ladakh plateau at an altitude of 14,000 feet, by the Mathura-based 1 strike
Corps of the Indian Army.
ii.The exercise includes infantry soldiers, T-90S and T-72 tanks, mechanised infantry, K-9 Vajra, Bofors and
M777 howitzers, helicopters and aircraft.
iii.The exercise is also supported by the 17 mountain strike corps with its headquarters at Panagarh in West
Bengal (WB) which in turn focuses on the eastern front, including Chumbi Valley.
Multinational Naval Ex Kakadu 2022 in Australia: INS Satpura & P8I Maritime Patrol Aircraft
Participates From India
On September 12, 2022, the Indian Naval Ship (INS) Satpura and a P8 I Maritime Patrol Aircraft of the Indian
Navy reached Darwin in Australia to participate in the multinational Exercise Kakadu 2022 (KA22). This two
week-long Exercise is being conducted in Darwin and the Northern Australian Exercise area (NAXA) from 12-
24 September 2022.
• KA22 marks the 15th edition of the biennial
exercise.
Theme:
Partnership, Leadership, Friendship
Participants:
Around 19 vessels, 34 aircraft and more than 3000
personnel from 25 countries are expected.
Key Points:
i.The exercise includes both sea and harbour phase. During
the harbour phase of the exercise, the ship’s crew engage in
operational planning interactions and sports activities with participating Navies.
TESTING
ISRO successfully test Inflatable Aerodynamic Decelerator to Land Missions on Mars or Venus
On September 4, 2022, the Indian Space Research Organisation (ISRO) successfully conducted tests of
an Inflatable Aerodynamic decelerator (IAD) that will be used for landing payloads on Mars and Venus in
future. It was test-flown in a Rohini-sounding rocket – RH300MKII-F22 IAD VEHICLE from Thumba Equatorial
Rocket Launching Station (TERLS) in Thiruvananthapuram, Kerala.
Key Points:
i.IAD technology is designed and developed by ISRO’s Vikram
Sarabhai Space Centre (VSSC).
• It has been designed specifically for spent stage
recovery.
ii.IAD can aerodynamically decelerate an object descending
through the atmosphere. It means that through this
technology the payload will land back on Earth by
decelerating the fall at the required level.
iii.IAD is made from Kevlar fabric, coated with
Polychloroprene. Since it is made of fabric, IAD can be packed into a small volume of 15 litres, available in the
nosecone of the RH300. When inflated, IAD takes the shape of three concentric toroid with an overall diameter
of 1.3m that generates high aerodynamic drag and stability.
iv.Rohini sounding rockets are used for flight demonstration of new technologies that are being developed by
ISRO as well as by scientists from India and abroad.
v.The rocket took the IAD to an altitude of 84 kilometers where it was inflated and descended through the
atmosphere with the payload part.
Apart from testing IAD, new elements, following new methodologies were also flight tested successfully,
including:
• Micro Video Imaging System
• Software Defined Radio Telemetry-Dual Transmitter (SDRT-DTx)
• Acoustics Processing Unit with mini-IMAS (Indigenous MEMS Acoustic Sensors)
• New software for wind compensation for TERLS
• Modified nose cone separation system
• Modified FLSC separation system for RH300
• Improved 1s delay detonator for spin rocket separation
• Thermally conducting and electrically insulating potting compound ATCAP-75-7030
DRDO successfully tested Very Short Range Air Defence System Missile at Chandipur
On September 27, 2022, the Defence Research and Development Organisation (DRDO) has successfully
conducted the flight tests of two Very Short Range Air Defence System (VSHORADS) missile from a ground
based portable launcher at the Integrated Test Range (ITR), Chandipur, off the coast of Odisha.
• This Man Portable Air Defence System
(MANPAD) will be used for neutralising low
altitude aerial threats at short ranges.
Developers:
It is designed and developed indigenously by
Hyderabad (Telangana)-based Research Centre
Imarat (RCI) of the DRDO in collaboration with other
DRDO laboratories and Indian Industry Partners.
Key Points:
i.VSHORADS comprises many technologies including
miniaturized Reaction Control System (RCS) and
integrated avionics. It is propelled by a dual thrust solid motor
ii.The missile’s design, including the launcher, has been highly optimized for portability.
iii.It will succeed the Indian Army’s current stock, such as the Air Defence Guns L-70 and ZU-23 which is over
four decades old and completely obsolete.
iv.Very Short Range Air Defence Missiles are critical for defending any major city or strategically important
location.
• It has been built with state of the art automation features and is the largest ship ever built in
maritime history of India.
• It will be based in the Eastern Naval Command in Visakhapatnam, Andhra Pradesh (AP).
Features:
i.Length: 262.5 m
ii.Width: 61.6 m
iii.Displacement: Approx 43,000 T (Tonne)
iv.Maximum Speed: 28 Knots with endurance of 7,500 Nautical Miles.
• The ship is powered by four Gas Turbines totalling 88 MW power and built at an overall cost close to
Rs 20,000 crores
v.The ship has around 2,200 compartments, designed for a crew of around 1,600 including women officers and
sailors.
TARAGIRI: Mazagon Dock Shipbuilders Ltd launches 5th Stealth Frigate of Project 17A
On September 11, 2022, the 5th Nilgiri-Class stealth frigate of the Indian Navy’s (IN) Project 17A namely
‘Taragiri’ (YD 12653) was launched in Mumbai, Maharashtra by Mazagon Dock Shipbuilders Ltd. (MDL). It is
named after a hill range in the Himalayas located in Garhwal, Uttarakhand.
“Taragiri” is the 3rd frigate built by MDL and the 5th
ship in the class overall.
• It was designed by the Indian Navy’s in-house
design organisation Directorate of Naval
Design (DND) in New Delhi (Delhi), while its
detailed design and construction was overseen
by the MDL, along with Warship Overseeing
Team (Mumbai).
• It has been built using an integrated
construction methodology.
• The ship was named by Charu Singh,
President, Navy Wives Welfare Association (Western Region), wife of vice admiral Ajendra Bahadur
Singh, FOC-in-C (Flag Officer Commanding in Chief) Western Naval Command, who was the chief
guest.
Features of Taragiri:
i.Launch weight: Approximately 3510 Tons
ii.Length & Width: 149.02 meters long and 17.8 Meters wide
iii.Speed: Over 28 knots
iv.Displacement: Approximately 6670 Tons
v.It is propelled by a CODOG (Combined Diesel or Gas) combination of two Gas Turbines and two main diesel
engines
vi.Defence capability: Counter the threat of enemy aircraft and anti-ship cruise missiles
Key Points:
i.Taragiri will have state-of-the-art weapons, sensors, an advanced action information system, an integrated
platform management system, world-class modular living spaces, a sophisticated power distribution system,
and a host of other advanced features.
ii.It is fitted with a supersonic surface-to-surface missile system .
iii.The steel used in Hull construction of P17A frigates is indigenously developed DMR 249A which is a low
carbon micro-alloy grade steel manufactured by SAIL (Steel Authority of India Limited).
iv.There are Two 30 mm rapid-fire guns that provide the ship with close-in-defence capability.
v.There is also SRGM (Super Rapid Gun Mount) Gun which provides effective naval gunfire support.
vi.The keel of Taragiri was laid on September 10, 2020 and the ship is expected to be delivered by August 2025.
About P17A Ships:
These are guided-missile frigates, which are follow-on classes of the P17 (Shivalik Class) Frigates with
India Joins Elite Club with Army Set to Possess Quantum Communication Technology
The Indian Army is set to possess advanced Quantum Communication Technology, thereby joining an elite
list of nations with indigenous quantum technology that will equip troops with a high-end secured defence
system.
• The technology has been developed by the Bengaluru-based startup QNu Labs and under the aegis
of Innovation for Defence Excellence (iDEX), a Defence Innovation Organisation (DIO).
• The technology provides advanced secured communication through Quantum Key
Distribution (QKD) systems that is non-hackable.
• China, the United States (US), Canada and other European countries are global leaders in the QKD
systems and the Defence Research Development Organisation (DRDO) has made some
breakthroughs.
About QKD system:
i.A QKD system allows the creation of a quantum secure secret pair of symmetric keys between two endpoints
that are separated by a certain distance (over 150 Kms) in terrestrial optical fibre infrastructure.
• The QKD helps create a non-hackable quantum channel for creating unhackable encryption keys,
which are used to encrypt critical data, voice or video across the endpoints.
ii.The Army has initiated the procurement process of the QKD systems by issuing a commercial Request For
Proposal (RFP) for its deployment.
• The Indian Army uses this technology to fuse a large density of data and decision support capability
to securely deliver communication to troop leaders at various levels.
About QNu Labs:
Co-founder and CEO – Sunil Gupta
Headquarters – Bengaluru, Karnataka
Indian Coast Guard Inducts ICGS Samarth in its Fleet; Indian Navy will Get Two Indegenous
Diving Support Vessels
The Indian Coast Guard (ICG) has inducted ICG Ship(ICGS) ‘Samarth’ to strengthen the coastal security
mechanism. The ship has been based at Kochi, Kerala from Goa under the operational command of Coast Guard
District Headquarters-4 (Kerala & Mahe), Kochi.
About Samarth:
i.ICGS Samarth is a 105 metre-long ship that is
designed with a maximum speed of 23 knots
(approximately 43 Kmph).
ii.This is equipped with an integrated bridge
management system (IBMS), integrated platform
management system (IPMS), power management
system (PMS) and a high power external fire fighting
(EFF) system.
iii.This ship will enhance the Coast Guard maritime
domain operational efficacy in Exclusive Economic Zone
(EEZ) and Lakshadweep & Minicoy Islands.
Capacity:
i.The ship could carry a twin engine helicopter and four high speed boats, including two inflatable boats for
boarding operations, search and rescue, law enforcement and maritime patrol.
ii.The ship has a modern surveillance system and also has the capacity to avoid oil spills in the sea.
Note – Recently, a new capital ship Saksham joined the Coast Guard fleet in Kerala.
Indian Navy Launched Two Indigenous Diving Support Vessels: Nistar & Nipun
On 22nd September 2022, The Indian Navy launched two indigenously designed and built Diving Support
Vessels (DSVs) – Nistar and Nipun in Visakhapatnam, Andhra Pradesh(AP). The first-of-its kind vessels were
built by Hindustan Shipyard Limited.
• Admiral R Hari Kumar, Chief of the Naval Staff (CNS) is the chief guest of the launching ceremony.
• The vessels were launched by Kala Hari Kumar, President of the Navy Welfare and Wellness
Association (NWWA).
• The vessels are designed with 118.4 metres length, 22.8 metres breadth with a displacement of
9,350 tons that could be deployed for deep sea diving operations.
SPORTS
Overview of 15th Edition of DP World T20 Asia Cup 2022; Sri Lanka Won
The 15th Edition of DP World T20 Asia Cup 2022 tournament with cricket format of Twenty20 International
(T20I) was held between August 27 – September 11, 2022 in United Arab Emirates (UAE). It was held at two
venues of UAE viz. Dubai International Cricket Stadium (Dubai), and Sharjah Cricket Stadium (Sharjah).
• The Championship title was grabbed by Sri Lanka
by beating Pakistan in the finals with 23 runs. It
was its 6th Asia Cup title, and 1st in the T20I
format.
• This tournament was originally scheduled in
September 2020 but was postponed amid COVId-
19 pandemic.
• The next edition i.e. 16th will be hosted
by Pakistan in 2023.
Prize Money:
Sri Lanka received an approximate amount of Rs 1,59,53,000 ($150,000) as prize money, while runners-up
Pakistan received an amount of Rs 79,66,000 ($75,000).
Hosts:
It should be noted that the tournament was played in Dubai, but Sri Lanka Cricket (SLC) served as the
tournament’s host while the administrator was Asian Cricket Council (ACC).
• SLC was supposed to organize this tournament but due to economic and political crisis, it was
unable to host in Sri Lanka.
Key Points:
i.A total of 6 nations participated in the tournament viz. Afghanistan, Bangladesh, Hong Kong, India, Pakistan,
and Sri Lanka.
• India team was led by its Captain Rohit Sharma.
ii.A total of 13 matches played viz. 9 at Dubai International Cricket Stadium; and 4 at Sharjah Cricket Stadium
iii.Sri Lanka won 5 matches in the tournament.
iv.Notably, Afghanistan was the only team in the tournament to defeat the Sri Lankan Team.
Awards:
Category Winner Country
Player of the series Pinnaduwage Wanindu Hasaranga de Silva (Wanindu Hasaranga) Sri Lanka
Most Runs Mohammad Rizwan (281) Pakistan
Most Wickets Bhuvneshwar Kumar Singh (11) India
Arjun Erigaisi wins 28th Abu Dhabi Masters Chess tournament 2022
Grandmaster Arjun Erigaisi (India) won the 28th Abu Dhabi Masters Chess Tournament 2022. The tournament
was organised by Abu Dhabi Chess Club & Mind Games Federation in Abu Dhabi, United Arab Emirates (UAE).
• Arjun Erigaisi defeated David Anton Guijarro (Spain) in the ninth and final round with 7.5 points.
• He is currently India’s no. 3 and World’s no. 24tg in live ranking.
Key points:
i.In the 28th Dhabi, Masters Chess Tournament Grandmaster Arjun Erigaisi won six matches and drew three
other games.
• He was awarded USD 15,000 for his victory in the chess tournament.
ii.He won against Deep Sengupta, Raunak Sadhwani, top-seed Wang Hao of China, Alexsandr Indjic, Rohit
Krishna, and David Anton Guijarro. He drew the matches against Evgeny Tomashevky, Jordan Van Forest, and
Ray Robson.
Erigaisi reaches career-best live world ranking of 24th, the third-best in India.
iii.Other Indians players including Nihal Sarin, S P Sethuraman, Karthikeyan Murali and Aryan Chopra, all GMs
and Aditya Samant, a FIDE Master, scored 6.5 points.
GM Aravindh Chithambaram wins 22nd Dubai Open chess tournament 2022; 7 Indian in Top
10
Indian Grandmaster (GM) Aravindh Chithambaram(22 years old) won the 22nd Dubai Open Chess
Tournament 2022 with 7.5 points from 9 rounds. Alexandr Predke(Russia), the top seed, finished runner-up
on 7 points after a five-way tie for the second spot.
• 7 Indians finished in the top 10 position with R Praggnanandhaa sharing second spot with five
others.
F1 Champion Max Verstappen extended his lead by winning Dutch Grand Prix 2022
Red Bull Driver Max Verstappen (Belgian, Dutch), won the Formula 1(F1) Heineken Dutch Grand Prix (GP)
2022 and made 4 straight wins for the 1st time in his F1 career. The Dutch Grand Prix 2022 took place
at Circuit Zandvoort, North Holland, Netherlands.
• 2022 Dutch GP marks his 10th win in 15 races
this season and extended his championship lead
to 109 points with seven races remaining.
The 2nd place was grabbed by George
Russell and Charles Leclerc finished
at 3rd place after a late safety car.
About Max Verstappen winning:
i.Verstappen, a 24-years-old Belgian-Dutch racing driver,
has achieved 30 victories and 17 pole positions. He started
his racing career at the age of 17 years.
ii.The 1st hat-trick of Verstappen’s racing career was at French Grand Prix 2021 and the grand slam at
the Austrian Grand Prix 2021. His 2nd grand slam was scored at the Emilia Romagna Grand Prix 2022.
iii. The 2nd pit stop of Verstappen was on lap 48 with the virtual Safety Car. He also increased the point total
to 310 with his victory by passing Leclerc and Sergio Perez, whose points were 201.
iv.Verstappen beats a 7 time World Champion, Lewis Hamilton, who ended up 4th at the flag which took
Hamilton to breaking point as the win slips away. Verstappen becomes a 2nd successive win for Red Bull in
his house race in front of 100,000 fans.
World Wrestling Championships 2022: India’s Bajrang Punia & Vinesh Phogat Won Bronze
Medals
17th edition of the World Wrestling Championships or World Wrestling Championships 2022 was held in
Belgrade, Serbia from September 10 to 18, 2022. The
United States of America(USA) lead the table with 15
medals followed by Japan (2nd place) and Turkey (3rd
place). India is ranked 24th with 2 medals.
Bajrang Punia Wins bronze at 2022 World Wrestling
Championships
India’s Bajrang Punia (Haryana) has won the men’s 65 kg
Freestyle bronze medal by defeating Sebastian Rivera of
Puerto Rico in the World Wrestling Championships 2022.
• This is his 4th championship medal in the World
Wrestling championship edition. Previously he has
won a silver in 2018, a bronze in 2013 and 2019.
• He is the only wrestler from India to have 4 medals in the World Wrestling Championships.
Durand Cup 2022: Bengaluru FC Beats Mumbai City FC and won the 1st ever Durand Cup
Bengaluru Football Club(BFC) and its captain Sunil Chhetri won their 1st ever Durand Cup by defeating
Mumbai City FC (MCFC) in the Durand Cup 2022 held in Salt Lake Stadium or Vivekananda Yuba Bharati
Krirangan stadium in Kolkata, West Bengal.
• Durand Cup 2022 is the 131st edition of the Durand Cup, which is the first edition played after
recognition from the Asian Football Confederation.
• Durand Cup is Asia’s oldest and World’s third oldest football tournament.
• 2022 Durand Cup was sponsored by Indian Oil Corporation (IOC).
Key Points:
i.The tournament took place across 3 states – West Bengal, Manipur and Assam from August 16, 2022 to
September 18, 2022.
ii.A total of 20 teams were part of this edition of the competition (11 Indian Super League (ISL) teams, five I-
League teams and four teams from the Indian Armed Forces.
• For the first time in history, all 11 teams from the ISL took part in the Durand Cup 2022.
Highlights:
i.Sivasakthi Narayanan and Brazilian Alan Costa scored for Bengaluru FC and Lalengmawia Ralte got the lone
goal for Mumbai City.
ii.It was Bengaluru’s maiden title in the Durand Cup.
About Durand Cup:
i.The Durand Football Tournament, commonly known as Durand Cup, is an annual football competition,
founded by Sir Henry Mortimer Durand, former Foreign Secretary of British India
ii.The winning team is presented with 3 trophies Durand Cup (the original tournament trophy), Shimla Trophy
(donated by the residents of Shimla) and President’s Cup (rewarded from the post-independence era).
iii.It is hosted by the Durand Football Tournament Society (DFTS) and All India Football Federation (AIFF).
Note – The 1st edition was held in 1888 in Shimla and won by Royal Scots Fusiliers.
Mastercard acquires Title Sponsorship Rights for all BCCI International and Domestic Matches
On 5th September 2022, Mastercard announced its collaboration with the Board of Control for Cricket in India
(BCCI), under which Mastercard will be the Title Sponsor for all international and domestic cricket matches of
the BCCI to be held in India.
• Mastercard will hold the sponsorship rights for the 2022-23 season.
• Mastercard replaced Paytm after the digital payments company reportedly backed out of its deal
with the Indian cricket board.
Key points:
i.Under the collaboration, Mastercard will work as the Title Sponsor for all international matches (both women
and men) held on home ground, domestic cricket matches like Irani Trophy, Duleep Trophy, and Ranji Trophy
organized by the BCCI as also all junior cricket (Under 19 and Under 23) matches held in India.
ii.This partnership aims to enhance Mastercard’s connect with cricket lovers across India and beyond.
additional info:
i.Other international events sponsored by Mastercard are: Union of European Football Associations (UEFA)
Champions League, the Grammys, the Cannes Film Festival and the Australian and French Open tennis
tournaments.
ii.In 2018, Mastercard appointed Mahendra Singh Dhoni (MSD), the former Indian cricket captain, as its brand
ambassador.
About Board of Control for Cricket in India(BCCI):
The BCCI is the governing body for cricket in India.
President- Sourav Ganguly
Headquarters- Mumbai, Maharashtra
Founded- 1928
Badminton: Japan’s Kenta Nishimoto won Men’s Singles at Japan Open 2022; Japan’s Akane
Yamaguchi won Women’s Singles
Japanese badminton players, Kenta Nishimoto and Akane Yamaguchi won the men’s singles and women’s
singles titles at the Daihatsu Yonex Japan Open 2022, HSBC BWF World Tour Super 750 tournament.
• The tournament was organised at Maruzen Intec Arena Osaka in Osaka, Japan, from 30 August to 4
September 2022 with a total prize money of USD 750,000.
Highlights:
i.World no. 21, Kenta Nishimoto defeated World no. 6 Chou Tien-Chen (Taiwan) by 21-19, 21-23, 21-17 to
finally claim his first international title, having lost in his previous six final appearances.
ii.Two-time world champion World No 1. Akane Yamaguchi defeated An Se-Young (South Korea) by 21-9, 21-
15 in the women’s final to win her third women’s singles title at the Japan Open badminton.
iii.In Women’s Doubles, South Korea’s Jeong Na-Eun and Kim Hye-Jeong beat their compatriots Baek Ha-Na
and Lee Yu-Lim by 23-21, 28-26 to win the title.
Badminton: Prannoy HS tops BWF World Tour Rankings; Anupama Upadhyaya tops under-19
BWF Junior rankings
30 years old Indian shuttler Prannoy Haseena Sunil Kumar (Prannoy HS) topped the latest (6th September
2022) Badminton World Federation (BWF) World Tour Rankings in Men’s Singles category.
• HS Prannoy becomes World’s no 1 by overtaking the defending world champion Viktor Axelsen. He
accumulated 58,090 points in the tour, 2,500 points ahead of Viktor Axelsen.
17-year-old Anupama Upadhyaya has topped the latest (6th September 2022) BWF World Junior Ranking in
Women’s Singles category.
• She replaced fellow Indian Tasnim Mir from the top position.
• She becomes only the 2nd Indian Shuttler in the Under 19 girls category to claim the World no 1 position
in BWF Junior ranking.
• She is only the 6th Indian shuttler to top the junior rankings.
Diamond League Final: Neeraj Chopra Becomes First Indian to Win Diamond Trophy
Neeraj Chopra became the 1st Indian to win the Diamond League Finals Title, after winning the Men’s Javelin
event at the Zurich Diamond League Final 2022, Switzerland, with a best throw of 88.44m.
Key highlights:
i.Czech Republic’s Jakub Vadlejch won the second position with 86.94 m throw and Germany’s Julian Webber is
in the third position with 83.73m throw.
ii.Diamond League Award – He was awarded Diamond Trophy, USD 30,000 prize money and a wild card for
the 2023 World Athletics Championship in Budapest, Hungary.
About Neeraj Chopra:
i.His achievements – He has produced 88m – plus throws 6
times in the current season and holds a national record
89.94m.
• Neeraj Chopra has won the Olympic Gold in
2021, the Asian Games Gold in 2018, the
Commonwealth Games Gold in 2018, the World
Athletics Championships silver in 2022.
ii.This was his 3rd appearance in the Diamond League
Earlier he had competed at 7th position in 2017 and 4th in
2018.
Australia captain Aaron James Finch Announces Retirement from ODI Cricket
Australia’s One Day International (ODI) and Twenty 20 International(T20I) Captain Aaron James Finch (35-
year-old – Right Hand Batsman), who hails from Victoria, Australia, announced his retirement from ODI cricket
to concentrate on Shorter formats of cricket. The retirement comes straight after white-washing New Zealand
Cricket team in the ODI (3-0).
He has a record of 17 centuries in ODI cricket for Australia men, which puts him in 4th place just behind Ricky
Ponting (29), David Warner (18) and Mark Waugh (18) with a total of 5406 runs.
• He made his debut against Sri Lanka at the Melbourne Cricket Ground (MCG) in 2013 and
represented Australia in the 146 ODIs.
• He will lead the team in the T20 World Cup which will be held in 2022 in Australia.
The 1st ever Mountain Bicycle, UCI MTB Eliminator World Cup 2022 held in India
Ladakh Police in collaboration with the Administration of Union Territory of Ladakh and Cycling Association of
India organized the first ever Mountain Bicycle (MTB) World Cup- UCI MTB Eliminator World Cup
2022 in Leh, Ladakh. The event took place at the height of over 12 thousand feet to sea level. Twenty
international, 55 national and local cyclists participated in this world cup competition.
• Ladakh Police is hosting the event, while the Cycling Federation of India (CFI) and Edify Sports are
the official partners.
• Winner of Women Elite Category- Cross- Country eliminator- Marion Fromberger (Germany) and
Winner of Men Elite Category- Cross- Country eliminator- Felix Klausmann(Germany).
Carlos Alcaraz Wins His First US Open-2022 Title and Secures ATP World No.1 Ranking
The Spanish teen Carlos Alcaraz Garcia defeated Norway’s Casper Ruud 6-4 2-6 7-6(1) 6-3 in
the 142nd edition of US Open Championship-2022, Men’s singles final to claim his maiden Grand Slam (GS)
title. Alcaraz also became World number 1 in The
Pepperstone Association of Tennis Professionals (ATP)
world rankings.
• The finals took place in the Arthur Ashe Stadium
(Hard Court), New York City, New York, United
States, from 29th August 2022 to 11th
September 2022.
• Iga Świątek of Poland has defeated
Tunisia’s Ons Jabeur to win the women’s
singles category.
• The total prize money for the 2022 US Open is
USD 60.1 million. Both men’s singles and
women’s singles will be rewarded with USD 2.6 million each.
Winners of US Open 2022:
Category Winner Runner
Men’s Singles Carlos Alcaraz (Spain) Casper Ruud (Norway)
Women’s Singles Iga Świątek (Poland) Ons Jabeur (Tunisia)
Rajeev Ram (United States) Wesley Koolhof (Dutch)
Men’s Doubles Joe Salisbury (Britain) Neal Skupski (Britain)
Barbora Krejcikova (Czechia) Caty McNally (United States)
Women’s Doubles Katerina Siniakova (Czechia) Taylor Townsend (United States)
Storm Sanders (Australia) Kirsten Flipkens (Belgium)
Mixed Doubles John Peers (Australia) Edouard Roger-Vasselin (France)
Men’s Singles:
Carlos defeated Casper Ruud in the men’s singles finals and marked his name in the record books as the
youngest world number 1 in the history of men’s tennis since the ATP rankings began in 1973. He dethroned
Daniil Medvedev of Russia to become world no.1.
i.He is the youngest Grand Slam men’s champion since Rafael Nadal at the 2005 French Open, and the youngest
US Open champion since Pete Sampras in 1990.
Women’s Singles:
Iga Swiatek (WTA – Women’s Tennis Association’s World No.1) has defeated Ons Jabeur to win her 1st U.S.
Open championship and 3rd Grand Slam title overall.
i.She is the 1st top-seeded woman to win the U.S. Open since 23-time major champion Serena Williams in 2014.
ii.She is also the 1st woman since Angelique Kerber in 2016 to collect two major titles in a single season.
iii.Ons Jabeur (WTA World No.2) becomes the first African and Arab woman ever to reach a US Open final.
Australia’s Vice Captain Rachael Haynes announces retirement from all forms of Cricket
On 15th September 2022, Rachael Haynes, Australian women’s team cricketer & Vice-Captain announced her
retirement from International cricket and State cricket.
• Rachael Haynes made her debut back in 2009 and represented her Country in 6 Tests, 77 One Day
Internationals (ODIs), and 84 Twenty20 Internationals (T20Is) and won ODI World Cups and three
T20 World Cups with the team.
• She is retiring after 167 matches and 3818 international runs to her name.
• She’s a 2-time World Cup champion (WCC), 4-time T20 WCC, 4-time Ashes winner, 7-time Women’s
National Cricket League (WNCL) winner and 2-time Women’s Big Bash League (WBBL) champion.
India beat Nepal 4-0 to win 2022 SAFF U-17 Championship Title in Sri Lanka
On 14 September 2022, India clinched the 2022 SAFF (South Asian Football Federation) under-17 (U-17)
Championship title after defeating Nepal by 4-0 score in the final match in Race Course International Stadium,
Colombo in Sri Lanka. India emerged as the champion for the fourth time (2013, 2017, 2019).
• The 2022 SAFF U-17 Championship was the 7th edition of the SAFF U-15/U-16 Championship. The
Tournament organised by SAFF took place from September 5 to 14, 2022 in Sri Lanka.
• India’s captain Vanlalpeka Guite was named as the ‘Most Valuable Player of the Tournament’. India’s
goalkeeper Sahil won the ‘Best Goalkeeper awards’.
Winner of 20 Grand Slams, Swiss Player Roger Federer announces Retirement from
Professional Tennis
A Professional Tennis Player from Switzerland, Roger Federer has announced his retirement from the ATP
(Association of Tennis Professionals) Tour and Grand Slams at the age of 41.
• The 5th Laver Cup 2022 from September
23-25 that will be held at The O2 in London,
United Kingdom (UK) will be his final
appearance on the ATP circuit.
• The key reason behind his retirement was a
series of injuries.
Key Achievements of Roger Federer:
i.He played a total matches of 1,526, and won 1,251,
2nd in the Open Era behind United States’ (US) Jimmy
Connors (1274)
ii.He has won 20 Grand Slam victories, and finished 5
seasons ranked No.1. His victories include- the Australian Open six times, the French Open once, the US Open
five times, and Wimbledon, a record eight times (2003, 2004, 2005, 2006, 2007, 2009, 2012 and 2017).
iii.His 20 Grand Slam titles are 3rd highest behind Spain’s Rafael Nadal (22), and Serbia’s Novak Djokovic (21).
iv.He also won the most Grand Slams Men’s singles main matches (369) in the Open Era.
v.He is a winner of 103 ATP titles, the second most in the Open era behind only Jimmy Connors (109).
Indian Chess Players Win Titles at World Youth Chess Championship in Romania
India’s Pranav Anand (Karnataka) won the Under-16(Open) title and A R Ilamparthi (Tamil Nadu) won
the Under 14 (Open) title at the World Youth Chess Championship 2022 held in Mamaia, România.
• The tournament was organised by Romanian
Chess Federation & Fédération Internationale
des Échecs (FIDE).
Key highlights:
i.The 76th Grandmaster, Pranav Anand scored 9 points
from 11 rounds to emerge as winner by beating
Augustin Droin of France.
ii.In the under-14 category, A R Ilamparthi won the
championship by scoring 9.5 points from 11 rounds.
iii.Among the girls, Mrittika Mallick finished 4th in the
girls Under-14 category with 8 points for 11; Anupam
M Sreekumar secured 7th and H G Pragnya finished at 8th place.
iv.In the girls Under-18 event, S Kanishka secured 6th place with 7.5 points and Rakshitta ravi finished 8th.
Positions of the Indian Players:
Category Winners Points out of 11 Position
A. R. Ilamparthi 9.5 points 1
Mrittika Mallick 8 points 4
Anupam M. Sreekumar 8 points 7
Under – 14 (Open) H. G. Pragnya 7.5 points 8
Pranav Anand 9 points 1
Under-16 (Open) M. Pranesh 8 points 5
S. Kanishka 7.5 points 6
Under-18 (Open) Rakshitta Ravi 7.5 points 8
Bangladesh won their maiden SAFF title at SAFF Women’s Championship 2022
Bangladesh won their first South Asian Football Federation (SAFF) title at SAFF Women’s Championship
2022 defeating Nepal (3–1). The tournament held from 6th to 19th September 2022 at Dashrath Rangshala
Stadium, Kathmandu, Nepal.
• The 2022 SAFF Women’s Championship was the 6th edition of this championship.
• this marks Bangladesh’s 1st ever win over Nepal in SAFF Women’s Championship.
• Bangladesh skipper Sabina Khatun won the Player of the Tournament award(Most Valuable
Player). She also won the highest goalscorer award with 8 goals.
• Bangladesh goalkeeper Rupna Chakma won the Best Goalkeeper award and the Bangladesh team
won the ‘Fair Play Award’.
The Oval, Lord’s will Host Next Two ICC World Test Championship Finals in 2023 & 2025
The International Cricket Council (ICC) announced that the ICC World Test Championship (WTC) Final will be
hosted by The Oval, London, England in June 2023 and the 2025 edition of WTC Final will be played at Lord’s,
London.
• The two venues in London will succeed Southampton (England), which hosted the inaugural final
between New Zealand and India in ICC WTC 2021.
• Australia and South Africa will also clash against each other in a three-match series in the current
cycle in December 2022-January 2023.
• Sri Lanka, India and Pakistan round up the top five in the rankings.
• The Lord’s earlier hosted several high profile ICC matches, including the2019 ICC Men’s Cricket
World Cup final.
Cricket: West Zone won the 2022 Duleep Trophy against South Zone
The West zone has defeated the South zone by 294 runs to win their 19th title in the final day of 2022 Duleep
Trophy at the SNR College Cricket Ground, Coimbatore, Tamil Nadu that was held from 8th September 2022 to
25th September 2022.
• The 2022 Duleep trophy was the 59th season
of the Duleep Trophy.
• Ajinkya Rahane was the Captain of West
Zone and South Zone was led by Hanuma
Vihari.
Key points:
Jaydev Unadkat of West zone became the player of
the series, Yashasvi Jaiswal of West zone won
the Player of the Match for his match-winning scores
1& 265.
OBITUARY
Former Soviet Union President & Nobel Peace Prize Winner Mikhail Gorbachev Passed Away
On August 30, 2022, Mikhail Sergeyevich Gorbachev, the last leader of the Soviet Union (President), died at the
age of 91 in Moscow, Russia.
• Gorbachev was awarded the Nobel Prize
for Peace in 1990 for putting an end to the
cold war without any bloodshed in the
Soviet Union.
About Mikhail Gorbachev:
i.Gorbachev was born on March 2, 1931, in
Krasnogvardeysky District, Stavropol territory(Now in
Russia).
ii.He became a Soviet official, General Secretary of the
Communist Party of the Soviet Union (CPSU) Central
Committee (at the age of 54)from 1985 to 1991.
iii. He served as the President of the Soviet Union from 1990 to 1991.
iv.His work on democratising and decentralising the economy of his country led to the downfall
of Communism and the disband of the Soviet Union in 1991 and he resigned on December 25, 1991.
v.After his presidential term, he launched the Gorbachev foundation and became a vocal critic of Russian
Presidents (Boris Yeltsin and Vladimir Putin) and campaigned for Russia’s social-democratic movement.
Bhojpuri folk dance exponent Padma Shri awardee Ramchandra Manjhi passes away
On 7th September 2022, Padma Shri awardee Ramchandra Manjhi, renowned Bhojpuri folk dancer(well known
for Launda Naach) and theatre artist passed away in Patna, Bihar. Manjhi was the one who gave international
recognition to ‘Launda Naach’.
Note: ‘Launda Naach’- folk dance (men crossdress as women) of the Bhojpuri speaking Community of India,
Nepal, Mauritius and the Caribbean Islands.
About Ramchandra Manjhi:
i.Ramchandra Manjhi was born in Saran District, Bihar stepped on to the drama troupe of famous Bhojpuri
artist Bhikhari Thakur at age 10.
ii.He was an associate of Bhikhari Thakur(folk artist and poet) and a member of the Naach troupe for 30
years. Thakur was nicknamed “Shakespeare of Bhojpuri”.
iii. He has been performing Launda Naach for 84 years. He also practised dance styles such as Natua Naach,
Queen Elizabeth II, Britain’s Longest-Serving Monarch Passes away at 96; Prince Charles Becomes the
King
On 8th September 2022, Queen Elizabeth II, the United Kingdom’s (UKs) or Britain’s longest-serving monarch,
passed away at Balmoral Castle in Scotland at 96 years after reigning for 70 years.
• Elizabeth II became Queen on the death of her
father King George VI on 6th February 1952.
• Her reign of 70 years was 7 years longer than
that of Queen Victoria and thus she became the
longest reigning queen of the UK.
Queen’s Life:
i.She worked to rebuild Britain that lost its empire in the
war and transformed from industrial powerhouse to
uncertain 21st century society.
ii.She headed the 54-nation Commonwealth, built
around Britain and its former colonies.
iii.She has appointed 15 prime ministers, from Winston Churchill to Liz Truss over her reign.
iv.Lastly, she presided at a ceremony at Balmoral Castle to accept the resignation of Boris Johnson as prime
minister and appoint Truss as his successor in September 2022.
Funeral plan:
• The plan to deal with the death of the head of state in Britain was termed Operation London Bridge.
• The plan to deal with the Queen’s death in Scotland was codenamed “Operation Unicorn”, named after
the national animal of Scotland.
• These protocols are actually a detailed script for key logistical matters and procedures, including the
funeral procession.
Timeline:
i.In 1940, Elizabeth made her 1st public broadcast, when she was 14, as a Princess to children who evacuated
to the countryside or overseas during world war II.
ii.In 1953, Queen Elizabeth was crowned at Westminster Abbey in the first televised coronation service and
her 1st Commonwealth tour begins covering a distance of 43,618 miles.
iii.In 1991, the Queen toured the United States (US) and became the 1st monarch to address Congress.
iv.In 1995 the Queen made the 1st address by a British monarch to a South African parliament since 1947.
v.The year 2012 marks her 60 years (diamond jubilee) of her reign and in 2022 she becomes the longest
serving monarch of Britain.
Prince Charles Becomes the King of Britain after Queen Elizabeth
With the death of Queen Elizabeth, her son Prince Charles has become king of the United Kingdom (UK) and
14 other colonies.
• The new King, Prince Charles (73 years) will officially be known as King Charles III and is the oldest
monarch to take the throne in the history of Britain’s reign.
Life of Prince Charles:
i.Unlike his predecessors educated by private tutors, Prince Charles was sent to Hill House school in West
London and then to Gordonstoun, a tough boarding school in Scotland where Philip had also studied.
Indian boxer, Asian and Commonwealth Games medallist, Birju Sah passed away
Former World no. 7 boxer, Birju Sah, the first Indian boxer to win medals at both Commonwealth and Asian
Games, passed away at age of 48 years in
Jamshedpur, Jharkhand
About Birju Sah:
i.Birju Sah was born in 1974.
ii.At the age of 19, He won a bronze medal at the
1993 Asian Junior Championship in Bangkok,
Thailand under light flyweight (45-48kg) category.
iii.He won a bronze medal at 1994 Commonwealth
Games in Victoria, Canada and later he also won the
bronze medal at the 1994 Asian Games held in in
Hiroshima, Japan.
iv.He also coached the Jharkhand team at the
National championships.
Former Indian Tennis Player & Davis Cup Captain Naresh Kumar passes away
On 14th September 2022, Naresh Kumar, the former Indian Tennis Player and Davis Cup Captain passed away
at the age of 93 in Kolkata, West Bengal. He was born in Lahore, Punjab, British India (presently in Pakistan).
• Naresh Kumar, the non-playing captain of the Indian Davis Cup team in 1990, was a mentor of
Olympic Medallist Leander Paes.
• He began his Tennis journey at the Asian Championships in 1949 before ruling Indian Tennis along
with Ramanathan Krishnan for close to a decade in the 1950s.
• He became the 1st Tennis Coach to receive Dronacharya Lifetime Achievement Award in 2020.
• He retired in 1969 with 5 titles in men’s singles such as Irish Championships in 1952 and 1953,
Men’s singles title at the Welsh Championships in 1952, Essex Championships at Frinton-on-Sea,
England and Wengen tournament in Switzerland in 1958.
Former Union Minister & Congress leader Manikrao Gavit passed away
Former Union Minister and Congress leader Manikrao Hodlya Gavit passed away at the age of 87 years in
Nashik, Maharashtra.
About Manikrao Hodlya Gavit:
i.He was born on 29 October 1934 in Nandurbar District, Bombay Presidency, British India (present-day
Maharashtra). He was a politician from Nandurbar
district of Maharashtra.
ii.As a member of the Indian National Congress (INC),
he represented the tribal-dominated Nandurbar
constituency (Maharashtra) from 1980 to 2009,
winning the Indian general elections consecutive nine
times, marking a record.
iii.He served as a member of the 7th, 8th, 9th, 10th,
11th, 12th, 13th, 14th and 15th Lok Sabha.
iv.He has served as the Union Minister of State(MoS) for
Home Affairs(2004) and MoS for Social Justice and
Empowerment(2013). iv.He was appointed a pro-tem speaker of the 15th Lok Sabha by President (former)
Pratibha Patil in 2009.
Renowned Indian Cardiac Surgeon Dr. Upendra Kaul Authors the Book “When The Heart
Speaks: Memoirs of A Cardiologist”
Dr. Upendra Kaul, one of India’s most distinguished
cardiologists, has written a book titled “When the
Heart Speaks: Memoirs of a Cardiologist,” which is
published by Konark Publishers Private Limited.
• The book is an honest account of the heart
touching events of Kashmiri Pandit Dr.
Upendra Kaul, who, while travelling to
various locations, longed for a home in his
hometown of Kashmir.
Key Points:
i.Dr. Upendra Kaul is a native of the scenic village of
Hawal in Jammu & Kashmir.
ii.He was among the first in India to utilize ballooning to open up arteries and other non-surgical procedures
while at the All India Institute of Medical Sciences (AIIMS).
• He has a great reputation across the world as a teacher and scholar.
iii.For his services to Indian medicine, he was given the Dr. B.C. Roy Award for the year 1999 and the Padma
Shri Award in 2006.
Former Indian Women’s Hockey Coach Sjoerd Marijne Authored a new book “Will Power”
Sjoerd Marijne, former Dutch field hockey player and former Indian Women’s Hockey Coach authored a new
book titled “Will Power: The Inside Story of the Incredible Turnaround in Indian Women’s Hockey”. The book
published by HarperCollins Publishers India will be launched in September 2022.
About the book:
i.The book highlights the experiences of Sjoerd Marijne, when he was appointed the Chief Coach of the Indian
Women’s Hockey Team in 2017.
Former President Ram Nath Kovind released Book ‘Ambedkar and Modi: Reformer’s Ideas
Performer’s Implementation’
Former President of India Ram Nath Kovind released a book titled ‘Ambedkar and Modi: Reformer’s Ideas
Performer’s Implementation’ which illustrates the life, works and achievements of Dr. B.R Ambedkar. The
book was compiled by Bluekraft Digital Foundation and the foreword was written by music composer and
Rajya Sabha MP (Member of Parliament) Ilaiyaraaja.
The book is published by Prabhat Prakashan Pvt. Ltd.
• It also highlights the policies and reforms made by Prime Minister Narendra Modi to ensure India’s
progress in line with Dr. Babasaheb Ambedkar’s vision.
• Specific focus was laid on infrastructure, education, socio-economic mobility, gender equality, and
self-reliance.
Actor Manoj Bajpayee released Jiwesh Nandan’s book “Muskurate Chand Lamhe Aur Kuchh
Khamoshiyan”
On 16th September 2022, renowned actor Manoj Bajapaye released the book titled ‘Muskurate Chand Lamhe
Aur Kuchh Khamoshiyan’, a bouquet of poems written by Jiwesh Nandan at India International Centre, New
Delhi, Delhi.
Shri M. Venkaiah Naidu releases a book about collection of selected speeches of Prime Minister
Former Vice President (VP) of India, M. Venkaiah Naidu unveiled the book titled ‘’Sabka Saath Sabka Vikas
Sabka Vishwas”, a collection of selected speeches of the Prime Minister.
• This book is an encyclopedia of Shri
Narendra Modi’s ideas on various
Government schemes. In this compilation,
readers will find speeches given on
historical occasions – such as the 250th
session of the Rajya Sabha, the speech given
on the completion of 100 years of
ASSOCHAM, Jammu and Kashmir and
Ladakh after the removal of Article 370 on 8
August 2019.
About ‘’Sabka Saath Sabka Vikas Sabka Vishwas”:
i.The book is a compilation of 86 speeches in 10
chapters of the Prime Minister(PM), Narendra Modi from May 2019 to May 2020 on various subjects.
ii.The book is divided into ten thematic areas, these speeches reflect the PM’s vision for ‘New India’. These
well-distributed sections are – Aatmanirbhar Bharat: Economy, People-First Governance, Fight Against Covid-
19, Emerging India: Foreign Affairs, Jai Kisan, Tech India-New India, Green India-Resilient India-Clean India, Fit
India-Efficient India, Eternal India-Modern India: Cultural Heritage, and Mann ki Baat.
iii.The book highlights contributions of various schemes such as Direct Benefit Transfer (DBT), Swachha Bharat
Mission (SBM), innovation in field of science and technology, agriculture and agro-businesses, employment,
from Gramoday to Rashtroday, India’s journey to becoming self-reliant.
iv.The English version as well as Hindi version are published by Publications Division and these books can also
be purchased online through Publications Division’s website as well as Bharatkosh platform. The e-books are
also available on Amazon and Google Play.
Key people: The Governor of Kerala Arif Mohammed Khan and Union Minister for Information and
Broadcasting Anurag Thakur in a function organised by the Directorate of Publications Division were present
at the book launch.
Principal Scientific Adviser to GoI and British High Commissioner unveil the book She Is – Women in
STEAM
On September 21, 2022, the Principal Scientific Adviser to the Government of India (GoI), Prof. Ajay Sood, and
the British High Commissioner (BHC) Alex Ellis unveiled the book titled ‘’She Is–Women in STEAM’’ authored
by ElsaMarie D’Silva and Supreet K Singh.
• The book honors 75 women in STEAM (Science, Technology, Engineering, Arts, and Mathematics)
celebrating 75 years of independence of India and gender, leadership, and sustainable development
in the fields of STEAM.
IMPORTANT DAYS
National Nutrition Week 2022- September 1 to 7
The National Nutrition Week (NNW) is annually observed across India from September 1 to September 7 to
create awareness about good nutrition and health, and its importance in human lives.
• It aims to raise public awareness about nutrition and healthy eating habits.
• The week is honoured to make people understand the importance of nutritional and adaptive eating
habits to maintain a healthy lifestyle.
• The theme for NNW 2022 – “World of Flavours”
Background:
i.The National Nutrition Week (NNW) was initiated in 1982 as a Mass Awareness Campaign by the Food and
Nutrition Board under the Ministry of Women and Child Development (MWCD).
International Day of Clean Air for Blue Skies 2022 – 7th September
The United Nations(UN)’s International Day of Clean Air for blue skies is annually observed across the globe
on 7th September to highlight the importance to raise public awareness to promote and facilitate actions to
improve the quality of air.
• 7th September 2022 marks the observance of the 3rd International Day of Clean Air for blue
skies.
The theme of International Day of Clean Air for blue skies 2022 is “The Air We Share”.
• The theme focuses on the transboundary nature of air pollution and stresses the need for collective
accountability and action.
International Day for the Preservation of the Ozone Layer 2022- September 16
The United Nations (UN)’s International Day for the Preservation of the Ozone Layer is annually observed
across the globe on September 16 to bring attention to the ozone layer and the dangers of ozone depletion.
The day aims to raise awareness about the importance of preserving the ozone layer. This day is also known
as “World Ozone Day” or “Global Ozone Day”.
Background:
i.International Coastal Cleanup (ICC) Day was established by the Ocean Conservancy, an organization that
works to help protect the ocean from the challenges it faces every year.
ii.The first-ever ICC Day was observed in the United States on the west coast of Washington State in 1986.
Railway Protection Force celebrates 38th Raising Day – 20th September 2022
The Railway Protection Force (RPF) is annually observed on 20th September as the Raising Day of RPF by the
members of the force and their families.
On 20th September 2022, the RPF celebrated the 38th Raising Day and the parade was organized as a part of
the celebration for the 1st time at the Central Level at Jag Jeewan Ram RPF Academy in Lucknow, Uttar Pradesh.
• The Chief Guest of the Raising Day Parade was Darshana Vikram Jardosh, the Union Minister of
State (MoS) for Railways and Textiles.
Note: The RPF was constituted under the Railway Protection Force Act 1957 for providing security to Railway
property.
Key Highlights:
i.The National Level Parade of RPF for the first time organised the 38th Raising Day outside New Delhi.
ii.MoS Darshana Jardosh appreciates the role of RPF in ensuring safe travel for women passengers and
awarded 23 medals to men in Uniform.
iii. Out of 23, 16 RPF men were awarded for their distinguished service and 7 Officers, including Sarwottam
Jeewan Raksha Padak posthumously to Late Gyan Chand, Head Constable RPF NCR were awarded for the
bravery of saving life while on duty.
Awards Given to 23 Officers:
• President’s Police Medal for Distinguished Service
• Indian Police Medal for Meritorious Service
• Sarvottam Jeevan Raksha Padak
• Uttam Jeevan Raksha Padak
• Jeevan Raksha Padak
• Sarwottam Jeewan Raksha Padak
iv.Darshana Jardosh inaugurated the function and hoisted a 100 feet high Monumental National Flag and
unveiled the installation of a Railway Coach with an engine for train intervention training and inaugurated the
renovated main hall of the academy.
i.The Minister has announced the sanction of Rs 55 crores for increasing training facilities in RPF.
ii.She also announced the skill up-gradation training centre on the premises of the 3rd
battalionRPSF (Railway Protection Special Force) for the up-gradation of skills of family members of RPF
officers, especially women at the cost of Rs 3 crore.
International Day for the Total Elimination of Nuclear Weapons 2022 – September 26
The United Nations (UN)’s International Day for the Total Elimination of Nuclear Weapons is annually
observed across the globe on 26 September to raise public awareness regarding the risk created by
nuclear weapons.
• The day highlights the need to eliminate nuclear weapons and the social & economic cost of
extending them.
Background:
i. The United Nations General Assembly (UNGA) adopted resolution A/RES/68/32 on 26 September 2013
and declared 26 September as the International Day for the Total Elimination of Nuclear Weapons.
ii. The 1st ever International Day for the Total Elimination of Nuclear Weapons was observed on 26th
September 2014.
Nuclear-Weapon-Free Zones:
Nuclear-Weapon-Free Zones (NWFZ), a regional approach, was established to strengthen global nuclear
non-proliferation and disarmament norms and consolidate international efforts toward peace and
security.
The UNGA resolution (3472 (XXX) B) defines an NWFZ as
• The statute of total absence of nuclear weapons to which the zone shall be subject, including the
procedure for the delimitation of the zone.
• An international system of verification and control is established to guarantee compliance with
the obligations deriving from that statute.
• The Tenth Review Conference of the Treaty on the Non-Proliferation of Nuclear Weapons
(NPT) took place at the United Nations Headquarters from 1 – 26 August 2022.
Treaties Involved in the Nuclear-Weapon-Free Zones:
• Treaty of Tlatelolco- The Prohibition of Nuclear Weapons in Latin America & Caribbean
became the 1st nuclear-weapon-free zone, which was opened for signature in 1967.
• Treaty of Rarotonga– The South Pacific became the second nuclear-weapon-free zone in 1985.
• Treaty of Bangkok- The Southeast Asia became third Nuclear-Weapon-Free Zones in 1997.
Meghalaya CM Sangma Unveils “Meghalaya Residents Safety and Security Act” Portal
Conrad K Sangma, Chief Minister (CM) of Meghalaya has launched a multi-purpose web portal for
the Meghalaya Residents Safety and Security Act (MRSSA), 2016. The web portal can be accessed
at http://megrssa.nic.in.
• Objective: To improve the provision of a range of government services, gather intelligence, and
guarantee the safety and security of the residents.
The web-based security system is initially being implemented in seven localities of Shillong (Meghalaya):
Nongrim Hills, Lapalang, Nongmynsong, Nongrah, Pohkseh, Riat Laban, and Wahdienglieng.
J&K Police launched the ‘JK ECop’ Application for Emergency Services
J&K Police has launched the online mobile application ‘JK Ecop’ in Jammu and Kashmir. It was provided to
make an easy way to use networks to facilitate the common people.
• The application enables people to use a host of services ranging from registering a complaint to
downloading a copy of an FIR (First Information Report).
• As per the J&K Police, this app is a single-way solution for almost all police related problems like
reporting violations, the status of highways, seeking emergency help, etc.
Dr Jitendra Singh launches “Swachhata” Portal for the Special Campaign 2.0
Union Minister of State (MoS) (Independent Charge) Personnel, Public Grievances, Pensions, Dr Jitendra Singh
launched the exclusive “Swachhata” Portal for the Special Campaign 2.0, which is scheduled to begin on
October 2, 2022, to 31st October 2022. It is dedicated to Swachhata and reducing the pendency of work in
Government offices.
• The portal was developed by the Department of Administrative Reforms and Public Grievances
(DARPG) under the Ministry of Personnel, Public Grievances and Pensions(MoPP&P).
• The Special Campaign 2.0 will focus more on field/outstation offices in addition to the Ministries/
Departments and their attached/subordinate offices and the DARPG will oversee the
implementation of the Special campaign 2.0.
• He also released 3 reports of DARPG-the Special Campaign July Progress Report, the Centralised
Public Grievance Redress and Monitoring System (CPGRAMS) 7. 0 Brochure and the CPGRAMS
Monthly Progress Report for August 2022.
Manipur CM Biren Singh launches ‘CM Da Haisi’ Portal to address Public Grievances
On 19th September 2022, the Chief Minister (CM) of Manipur, N Biren Singh launched the ‘CM Da Haisi’ (Let’s
inform the CM) web portal in Imphal, Manipur, where the public can raise their grievances on the web portal.
• The portal enables people to quickly rectify their grievances and provides a platform to raise corruption-
related issues. The web portal will further enable the government to bring transparency and
accountability to governance.
• Of the given 3 numbers, 2 numbers are for anti-corruption cell number and the remaining is for public
grievances.
• The Public Grievance Redressal and Anti-Corruption Cell have received a total of 134 complaints since
March 2022. 85% of the complaints have been resolved and communicated to the complainants.
MoAFW & MoFPI Launch a Convergence Portal to Facilitate Food Processing Enterprises
The Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Food Processing Industries
(MoFPI) together unveiled a ‘Convergence Portal’ for three flagship schemes at Krishi Bhawan in New Delhi,
Delhi.
It was launched between the
• Agriculture Infrastructure Fund (AIF),
• the Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) scheme, and
• the Pradhan Mantri Kisan Sampada Yojana (PMKSY).
Dignitaries
Narendra Singh Tomar, Minister of Agriculture & Farmers Welfare; Pashupati Kumar Paras, Minister of Food
Processing Industries & Kailash Choudhary, Minister of State (MoS), MoAFW.
Significance of the Convergence Portal
i.Through this convergence, eligible beneficiaries of the PMFME and PMKSY credit-linked subsidies can get
avail an additional benefit of Interest Subvention @3% on the interest rate being charged by the banks over
and above the 35% of subsidy being provided under the PMFME Scheme.
ii.To facilitate project approval under both schemes, the AIF Management Information System (MIS) portal has
been modified to accept applications from PMFME and PMKSY beneficiaries.
iii.The ultimate objective is the sustained economic growth of farmers and food processing entrepreneurs in
rural areas and increasing their income.
• It also seeks to ensure that all beneficiaries receive the benefits of the schemes and give them
financial, technical, and professional empowerment.
• To ensure that the beneficiaries of AIF, PMFME, and PMKSY received the maximum benefits, a
Standard Operating Procedure (SOP) was also issued.
• The initiative will contribute to Aatma Nirbhar Bharat by promoting the concept of “Vocal For
Local.”
Agriculture Infrastructure Fund (AIF)
i.The AIF is a medium-to-long-term debt financing facility that commenced on July 8, 2020, for the development
of post-harvest management infrastructure and community farming assets.
• Implementing Agency – Ministry of Agriculture & Farmers Welfare (MoAFW)
• Benefits – A 3% interest subvention and credit guarantee support till 2032-33.
iii.A provision of Rs. 1 lakh crore has been made under this scheme from 2020-21 to 2025-26.
iv.It has the facility of convergence with any other State or Central Government scheme.
Government launches ISL Mobile App ‘Sign Learn’ with 1,000 words
On 23rd September 2022, the Government of India launched an Indian Sign Language (ISL) dictionary mobile
app named ‘Sign Learn’ which contains 1,000 words.This is based on the dictionary of Indian Sign Language
Research And Training Centre (ISLRTC).
• ‘Sign Learn’ was launched by the Union Minister of State (MoS) for Social Justice and
Empowerment Pratima Bhoumik, at the event of “Sign Language Day” on 23rd September 2022,
New Delhi, Delhi.
• The app is available on Android and iOS (iPhone Operating System) versions, and the words in the
app can be searched in Hindi or English medium.
e-Content of NCERT with ISLRTC:
i.On 6th October 2020, ISLRTC signed a Memorandum of Understanding (MoU) with the National Council of
Educational Research and Training (NCERT) to change NCERT textbooks from Class I to XII into Indian Sign
Language (digital format) to make the textbooks accessible to the children with hearing disabilities.
• Recently in 2022, ISL e-Content of NCERT textbooks of class 6 was launched.
MoS Faggan Singh Kulaste launches JALDOOT App for Monitoring of Ground Water Tables
across India
On September 27, 2022, the Union Minister of State (MoS) Faggan Singh Kulaste, Ministry of Rural
Development (MoRD) launched the ‘JALDOOT App and JALDOOT App e-brochure’ during a function in New
Delhi, Delhi.
• This app will be used across India for the monitoring of ground water tables by capturing the water
level of selected 2-3 wells in a village.
Developers of App:
It is jointly developed by MoRD and Ministry of Panchayati Raj (MoPR)
Key Points:
i.The manual monitoring of water levels in open wells will be measured twice in a year, from 1st May to 31st
May as pre-monsoon water level and from 1st October to 31st October for post-monsoon level for the same
well.
ii.The officers assigned for the measurement of water levels i.e. Jaldoots, will upload the geo-tagged
photographs through the app on every occasion of measurement.
• These regular data inputs will be integrated with the database of National Water Informatics Centre
(NWIC), which can be utilized for analysis, reports, and for Gram Panchayat Development Plan and
MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act 2005-MGNREGA)Plans.
iii.This Mobile app will work in both online and offline mode, means, water level can be captured even without
internet connectivity, and when mobile comes in the connectivity area, data will synchronize with the central
server.
iv.Water level report, Monsoon Report and Registered user report are available at JALDOOT web portal.
v.A resource book for grass root level functionaries- Jaldoot can be accessed at http://cgwb.gov.in
(JalDootRsourceBook.pdf).
Other Participants:
MoS Sadhvi Niranjan Jyoti, MoRD; MoS Kapil Moreshwar Patil, MoPR; and senior officers from the Ministry.
Representatives from all States/UTs were also present through Video-Conferencing.
Recent Related News:
i.MoRD has released the delta ranking of Shyama Prasad Mukherji Rurban Mission (SPMRM), in which
Jharkhand secured the first position in the delta ranking with a composite score of 76.19 in the month of June
2022.
ii.In order to eradicate tuberculosis (TB) in India, a Memorandum of Understanding (MoU) was signed between
MoPR and the Central TB Division, Ministry of Health & Family Welfare (MoH&FW) which will establish inter-
ministerial collaborations and strategic partnerships with the goal of eradicating TB in India by 2025.
About Ministry of Rural Development (MoRD):
Union Minister– Giriraj Singh (Constituency- Begusarai, Bihar)
Ministers of State (MoS)– Sadhvi Niranjan Jyoti (Constituency- Fatehpur, Uttar Pradesh); Faggan Singh
Kulaste (Constituency- Mandla, Madhya Pradesh)