Monthly BeePedia
September 2022
INDEX
RBI, Banking and Economy ___________________________________________ 2
SEBI and Financial Awareness _________________________________________63
NABARD and Agriculture ___________________________________________ 67
National __________________________________________________________ 74
International _____________________________________________________
82
States____________________________________________________________
85
Reports and Indexes _______________________________________________ 92
Science and Technology ___________________________________________
102
Defence __________________________________________________________ 105
Events ___________________________________________________________ 109
Awards & Rewards ___________________________________________________111
Appointments _____________________________________________________ 115
Important Days ___________________________________________________
118
Obituaries_________________________________________________________ 121
Books ___________________________________________________________
123
Sports ___________________________________________________________
124
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September 2022
RBI, Banking and Economy
RBI launches pilot project to digitize KCC; aims at transforming rural credit delivery
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To transform the rural credit delivery system, the Reserve Bank of India has decided to launch pilot
projects to digitize Kisan Credit Card (KCC) in Madhya Pradesh and Tamil Nadu.
Based on the learnings from the pilot project, it is planned to expand the digitalisation of KCC lending to
other districts in these two states and gradually across the country
It will commence in September 2022 in select districts of Madhya Pradesh and Tamil Nadu with Union
Bank of India and Federal Bank, respectively, as partner banks and with active cooperation of the
respective State governments
The pilot project would entail automation of various processes within banks and integration of their
systems with the service providers.
Learn Along:
RBI
Headquarters: Mumbai
Governor: Shaktikanta Das
4 Deputy Governors: T. Rabi Sankar,
MK Jain, MD Patra, M Rajeshwar Rao
The Kisan Credit Card (KCC) Scheme was introduced in the year 1998 with the objectives of providing adequate
and timely credit to the farmers for their agricultural operation. The Government of India provides interest subvention
of 2% and Prompt Repayment Incentive of 3% to the farmers, thus making the credit available at a very subsidized
rate of 4% per annum.
RBI Governor launches RuPay credit card on UPI, UPI Lite and cross-border bill payments
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Reserve Bank of India (RBI) launched three initiatives by the National Payments Corporation of
India (NPCI) at the Global Fintech Fest 2022 in Mumbai on September 20.
The initiatives that were announced earlier by the RBI during previous monetary policy announcements
include RuPay Credit Card on UPI, UPI LITE, and Bharat BillPay Cross-Border Bill Payments.
Initiatives
Purpose & Advantages
Linkage of RuPay
Credit Card on UPI
Until now, only debit cards were allowed to be linked with UPI. With the linkage of RuPay
Credit Card on UPI, customers will have an additional option to use their credit cards,
and merchants will benefit from the increase in consumption by being part of the credit
ecosystem with the acceptance of credit cards using assets like QR codes. Customers
of Punjab National Bank, Union Bank of India, and Indian Bank will be the first to be able to
use RuPay Credit Card on UPI with BHIM App.
UPI Lite
UPI Lite will provide users with a convenient solution for faster and simpler low-value
transactions. At present, 50 percent of UPI payments are below Rs 200. With UPI Lite
enabled on BHIM App, users will be able to make small-value transactions in a nearoffline mode by loading up to Rs 2,000 in their on-device wallets. Transactions up to Rs
200 can be made through UPI Lite.UPI Lite is expected to reduce the debit load on the
core banking system, thereby improving the success rate of transactions further, and
enhancing the user experience.
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September 2022
Initiatives
Purpose & Advantages
Bharat BillPay Cross-
Bharat BillPay Cross-Border Bill Payments facility will enable Non-Resident Indians
(NRIs) to undertake utility, water, and telephone-related bill payments on behalf of their
families in India. Federal Bank with UAE’s Lulu Exchange will be the first to go live with
Bharat BillPay Cross-Border Bill Payments.
Border Bill Payments
Learn Along:
Financial technology (fintech) describes new technology that works towards enhancing and automating the delivery
and use of financial services. At its core, fintech is utilized to help companies, business owners, and consumers
manage their financial operations, processes, and lives better by utilizing specialized software and algorithms that are
used on computers and, increasingly, smartphones.
National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India. It was
set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA).
NPCI
Headquarters:Mumbai
MD & CEO: Dilip Asbe
UPI processes over 6.5 billion transactions in August worth Rs 10.72 trn

The Unified Payments Interface (UPI) reported another record high in August, both in terms of volume
and value of transactions. It saw 6.57 billion transactions, amounting to Rs 10.72 trillion, up 4.62
percent and 0.95 percent on a month-on-month (MoM) basis, in terms of volume and value of
transactions, respectively.According to the data put out by the National Payments Corporation of India
(NPCI), the volume of transactions rose 85 percent and value 67.85 percent year-on-year (YoY).Last
month, UPI breached the 6-billion levels in volumes for the first time since its inception in 2016.
Learn Along:
Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments
Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India
and works by instantly transferring funds between two bank accounts on a mobile platform.
UPI voice payment in Hindi, Tamil, Telugu, Malayalam, Kannada for feature phone users with
VoiceSE
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Feature phone users can make UPI payments in regional languages like Hindi, Tamil, Telugu,
Malayalam, Kannada, and Bengali with ToneTag’s VoiceSE UPI payments. Sound wave tech
solutions firm ToneTag has partnered with large PSU banks to provide UPI 123Pay services to their
customers. ToneTag’s voice-first solution has expanded its offerings in regional languages in order to
bridge the gap in the accessibility of digital payments in rural India.In partnership with NSDL
Payments Bank and NPCI, VoiceSe will allow 40 crore feature phone users to access the payment
services in regional languages.
Learn Along:
NSDL Payments Bank
Headquarters: Mumbai
MD & CEO: Abhijit Kamalapurkar
Bharat Billpay and Federal Bank partner with LuLu Financial Group to enable direct utility bill
payment for NRIs; Muthoot Finance ties up with Lulu International Exchange for gold loan repayment

Federal Bank, launched direct utility bill payment facility in association with Bharat BillPay Limited
(NBBL) - the wholly owned subsidiary of National Payments Corporation of India (NPCI), and Lulu
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September 2022

Financial Group, at the Global FinTech Festival held in Mumbai.This arrangement will now allow
Indians living in the GCC 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.
Muthoot Finance signed an MoU with UAE-based Lulu International Exchange to work as its
collection partner.Through this partnership, Muthoot Finance aims to drive convenience and ease of
money transfer for over 4 lakh NRIs in UAE whose relatives have availed gold loans back home. NRIs
can avail the service at any of the 89 branches of Lulu Exchange spread across the UAE.
Learn Along:
Bharat Bill Payment System (BBPS) is an interoperable platform for bill payments and the scope and coverage of
BBPS extends to all categories of billers who raise recurring bills. It was launched by NPCI.
Federal Bank
Headquarters: Aluva,Kochi
CEO: Shyam Srinivasan
Lulu Group
Headquarters: Abu Dhabi,UAE
CMD: M.A.Yusuff Ali
Muthoot Finance
Headquarters: Kochi
CEO: Shaji Varghese
NPCI sets Oct 31 as deadline to activate offline payments on RuPay cards
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The National Payments Corporation of India (NPCI) has set October 31 as the deadline for banks
to activate offline transactions on RuPay cards, which will happen faster than a blink of an eye: at
500 milliseconds.By the end of the NPCI’s October 31 deadline, banks will have to be compliant with the
National Common Mobility Card (NCMC) protocols — key to One Nation, One Card.RuPay cards not
compliant will have to be re-carded. Also, existing RuPay card holders not having NCMC have to be
given options to opt for it across customer touchpoints.
Learn Along:
National Common Mobility Card (NCMC) is an inter-operable transport card conceived by the Ministry of Housing
and Urban Affairs of the Government of India. It was launched on 4th March 2019. The transport card enables the user
to pay for travel, toll duties (toll tax), retail shopping and withdraw money.It is enabled through the RuPay card
mechanism
Airtel Payments Bank launches Micro ATMs to facilitate easy cash withdrawal
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Airtel Payments Bank launched Micro ATMs – a step towards better facilitating convenient cash
withdrawals for debit card users residing beyond the metro and Tier 1 cities in India.
The bank will leverage its strong network of over 500,000 banking points across India to give users
access to easy cash withdrawals through this initiative. To facilitate the Micro ATM transactions, Airtel
Payments Bank is now integrated with the National Payments Corporation of India’s (NPCI)
National Financial Switch (NFS).
Customers associated with any bank will now be able to use the Micro ATM facility at the neighbourhood
banking point of Airtel Payments Bank. They can now make instant cash withdrawals and check their
account balance using their debit card of any bank at the designated banking point. A customer can
withdraw up to Rs 10,000 per transaction through the Micro ATMs.
Learn Along:
Airtel Payments Bank
Headquarters: New Delhi
CEO: Anubrata Biswas
The National Financial Switch is the largest interconnected network of automated teller machines (ATMs) in India.
This system was developed by Institute of development and research in Banking Technology (IDRBT), Hyderabad. The
national financial switch enabled the interconnectivity between the bank’s switches such that the transactions made at
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Monthly BeePedia
September 2022
any ATM could be routed to the connected banks. This was done with a view to connecting all the ATMs in the country
and facilitate easy banking for the common man residing anywhere in the country.
Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms
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Solapur-based Laxmi Co-operative Bank ceased operations after the Reserve Bank of India (RBI)
cancelled its licence for not having adequate capital and earning prospects.On liquidation, every
depositor would be entitled to receive insurance claim amount of his/her deposits up to a monetary ceiling
of Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC). About 99 per cent
of the bank’s depositors are entitled to receive the full amount from the DICGC.
Learn Along:
Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of Reserve Bank of
India. It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961
for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank
deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each deposit in a bank.
DICGC
Headquarters: Mumbai
Executive: M.D. Patra
RBI net-sold $19.05 billion in forex market in July to protect rupee
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The Reserve Bank of India (RBI) net sold $19.05 billion in the foreign exchange market in July as it
sought to defend the rupee from excessive volatility. In July, the RBI sold $38.7 billion in the foreign
exchange market and bought $19.72 billion.The central bank’s net sales of the US dollar in July were
the highest since March 2022, when the sales were at $20.10 billion.
RBI removes Central Bank of India from PCA framework after more than 5 yrs
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Reserve Bank of India removed the Central Bank of India from the Prompt Corrective Action (PCA)
framework on complying with parameters like net non-performing assets (net NPAs) and capital
ratios.While removal paves way for normal functioning for business growth, Mumbai-based public sector
lender would still be subject to certain conditions and continuous monitoring.
Learn Along:
Prompt Corrective Action (PCA) is a framework under which banks with weak financial metrics are put under
watch by the RBI. The RBI introduced the PCA framework in 2002 as a structured early-intervention mechanism
for banks that become undercapitalized due to poor asset quality, or vulnerable due to loss of profitability. It
aims to check the problem of Non-Performing Assets (NPAs) in the Indian banking sector.
A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue
for a period of 90 days. Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets.
RBI introduces compliance function for UCBs in Tier-3 and 4 categories
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To further strengthen the corporate governance framework of urban co-operative banks (UCBs),
the Reserve Bank of India (RBI) is introducing certain principles, standards and procedures for
compliance function in such entities under Tier-3 & 4 categories.
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September 2022
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Tier 3 and Tier 4 UCBs will treat the guidelines as a set of minimum guidelines only and will accordingly
develop their own guidelines taking into account their corporate governance framework, scale of
operations, risk profile, structure organization and the code of conduct. The compliance function
would ensure strict adherence to all legal and regulatory requirements for these banks.
The compliance function is intended to help the UCB’s board of directors and senior management
monitor the implementation of the compliance policy and identify the level of compliance risk in the
organization.
Learn Along:
Cooperative Banks, which are distinct from commercial banks, were born out of the concept of co-operative credit
societies where members from a community group together to extend loans to each other, at favorable terms.
Co-operative Banks are broadly classified into Urban and Rural co-operative banks based on their region of operation.
Surplus liquidity slumps to Rs 3K cr on tax outflows - RBI data
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Surplus liquidity in the banking system as measured by absorption of excess funds by the Reserve Bank
of India (RBI) fell due to outflows on account of advance tax payments.
According to the RBI data, the net liquidity absorbed by the central bank was at Rs 3,243.57 crore,
much lower than the average of Rs 56,809.92 crore in the past.
The average absorption of funds by the RBI so far in September is at Rs 1.13 trillion, against the
average of Rs 1.2 trillion in the previous month.
Learn Along:
Advance tax is the amount of income tax that is paid much in advance rather than a lump-sum payment at the yearend. Also known as earn tax, advance tax is to be paid in installments as per the due dates decided by the income tax
department.
Liquidity refers to how quickly and easily a financial asset or security can be converted into cash without losing
significant value. In other words, how long it takes to sell.
India's foreign exchange reserves down by $2.23 billion to $550.87 billion
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The country's foreign exchange reserves declined by USD 2.234 billion to stand at USD 550.871
billion.The data of the components of forex reseres are as follows-Foreign Currency Assets declined
to USD 489.598 billion; Gold reserves increased to USD 38.644 billion ;the Special Drawing Rights
(SDRs) with the International Monetary Fund (IMF) dropped to USD 38.644 billion;the country’s
reserve position with the IMF increased to USD 4.91 billion.
Learn Along:
IMF
Headquarters: Washington, United States
MD: Kristalina Georgieva
Foreign Currency Assets (FCA) are the most important component of the RBI’s foreign exchange reserve and
include assets like US Treasury Bills bought by the RBI using foreign currencies
Special drawing rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by the
International Monetary Fund. SDRs are units of account for the IMF, and not a currency per se. They represent a
claim to currency held by IMF member countries for which they may be exchanged.
Regulated Entities have to comply with digital lending norms for existing loans by November
30,2022: RBI
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September 2022
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The Reserve Bank of India (RBI) stated that regulated entities engaged in credit delivery through
digital lending will have time till November 30,2022 to comply with the lending norms for existing
digital loans.However, for new and existing customers availing fresh loans, these norms will be applicable
immediately.
The RBI also pointed out that obligations of the regulated entities will not diminish even if they
enter into outsourcing arrangements with lending service providers (LSPs)/digital lending apps
(DLAs).The guidelines are applicable to all kinds of digital loans extended by commercial banks, nonbanking finance companies (NBFCs), and primary, state, and district-level central co-operative banks.
Learn Along:
Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged
in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by
Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business.
RBI releases 'alert list' of 34 entities barred from forex trades
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After receiving repeated enquiries on the authorisation status of certain electronic trading
platforms for foreign exchange transactions, the Reserve Bank of India released a list of entities
that are not authorised to undertake such trades.The central bank’s list has a total of 34 entities.
Some of the entities listed are Alpari, AnyFX, Ava Trade, Binomo, e Toro, Exness, Expert Option, FBS,
FinFxPro and Forex.com.OctaFX, one of the entities which has been listed, is an official sponsor of the
Delhi Capitals team in the Indian Premier League cricket tournament.
RBI selects two entities for test phase of retail payments cohort
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The Reserve Bank of India (RBI) selected HDFC Bank and Precision Biometric India for the test
phase of the retail payments cohort under its regulatory sandbox.
HDFC Bank, in partnership with Swedish firm Crunchfish, has offered an offline retail payments
solution which provides the capability for the customer and merchants to be able to pay and
receive payments in the offline mode which aims to boost the adoption of digital payments in areas
of no or low network by enabling transactions without the need to have a network connection.
Secondly, Precision Biometric’s product enables biometric tokens which can be used for secure
password-less authentication and additional factor authentication (AFA), instead of a one-time password
(OTP), to access mobile banking. The solution combines public key infrastructure and biometrics to
enhance security and user experience in the digital payments space.
Learn Along:
HDFC Bank
Headquarters: Mumbai
CEO: Shashidhar Jagdishan
Precision Biometric India
Headquarters: Chennai
President: Biju Jacob John
A regulatory sandbox is a framework that allows for live-testing of new products or services in a controlled
environment. If implemented properly, this could usher in innovations in the industry.
RBI to make a 'whitelist' of legal platforms for eradication of illegal loan apps
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Due to the prevalence of illegal digital lending platforms, the Reserve Bank of India (RBI) will soon
prepare a ‘whitelist’ of all legal applications (apps) that offer loans, and the Ministry of Electronics and
Information Technology (MeitY) will ensure only these apps are hosted on app stores.
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September 2022
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The RBI will monitor the ‘mule/rented’ accounts that may be used for money laundering and to review
or cancel dormant NBFCs (non-banking financial companies) to avoid their misuse.
The steps by the government come after illegal loan apps hosted on app stores have been found offering
micro-credit to the pandemic-hit people and low-income groups at exorbBitant interest rates,
along with hidden and processing charges, and resorting to predatory recovery practices.
Active credit cards drop 2.3 million in August over new RBI norms
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The outstanding credit card base dropped to 77.99 million in August from over 80 million in July,
mainly on account of the new norms of the Reserve Bank of India (RBI) that warrant the deactivation of
cards that are inactive for a year.While there was a 2.8 percent decline in net card additions on a
month-on-month (MoM) basis in August, credit card spends slipped 3 percent on a high base. Still,
spends topped the Rs 1-trillion mark for the sixth consecutive month.
Mutual funds' share in household savings jump 150% in FY22: RBI data
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According to the data provided by RBI,Mutual funds (MFs) recorded a 150 percent jump in gross
inflows from retail investors during 2021-22 (FY22), even as overall household savings declined 19
percent year-on-year.
In FY22, domestic MFs received Rs 1.6 trillion gross inflows from households. Given that
households saved a total of Rs 25 trillion in the last financial year, the share of MFs in total gross savings
stood at 6.3 per cent — the highest in four financial years. In fact, gross inflows into MFs were the highest
in at least a decade.
Learn Along:
A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks,
bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio.
India's core sector output growth slows to a six-month low of 4.5% in July 2022
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According to the data released by the Department for Promotion of Industry and Internal Trade
(DPIIT), the output of India’s eight infrastructure industries declined to a six-month low of 4.5 percent
year-on-year in July as compared to double-digit growth in June,2022.The growth in these eight sectors
witnessed double digits growth in May and June at 19.3 per cent and 13.2 per cent, respectively.
Learn Along:
The Department for Promotion of Industry and Internal Trade (DPIIT) comes under the Ministry of Commerce
and Industry. This department is in the charge of the promotion of internal trade (including retail trade), the welfare of
traders and their employees, matters relating to facilitating Ease of Doing Business, and matters relating to start-ups.
The eight sectors -- coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil -- comprise
two-fifths of India's total industrial production.
India's April-July fiscal deficit recorded at 20.5% of the FY23 target
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According to the data provided by the government, India’s fiscal deficit during the first four months of the
ongoing financial year was at Rs 3.4 trillion or 20.5 percent of the annual targetThe country's fiscal
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September 2022
deficit is projected at 6.4 percent of GDP for the year ending March 2023, as against 6.71 percent for
the previous year.
Learn Along:
A fiscal deficit is a shortfall in a government's income compared with its spending. A fiscal deficit is calculated as
a percentage of gross domestic product (GDP), or simply as total money spent in excess of income. In either case,
the income figure includes only taxes and other revenues and excludes money borrowed to make up the shortfall.
Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%
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Global rating agency Fitch has lowered India's economic growth forecast for fiscal 2022-23 (FY23) as
measured by gross domestic product (GDP) to 7 percent from its June 2022 estimate of 7.8 percent.
It now expects the GDP to slow further to 6.7 percent in FY24 as compared to its earlier forecast of
7.4 percent.At a more macro level, Fitch now expects world GDP to grow by 2.4 percent in 2022 –
revised down by 0.5 percentage points (ppt) since the June assessment – and by just 1.7 percent in 2023,
a cut of 1 ppt.
Learn Along:
Fitch Ratings
Headquarters: New York,US
CEO: Paul Taylor
Gross domestic product or GDP is a monetary measure of the market value of all the final goods and services
produced in a specific time period.
India Ratings cuts India's FY23 GDP growth forecast to 6.9% from 7%; revises FY23 bank credit
growth estimates to 13% from 10%
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India Ratings cuts India’s FY23 GDP forecast to 6.9 percent from 7 percent. It projects GDP growth
of 7.2 percent in the July-September FY23 quarter, 4 percent in October-December and 4.1 percent
in February-March.
While maintaining a stable outlook on banks, India Ratings has revised credit growth estimate for
FY23 to 13 per cent from 10 per cent due to factors like uptick in working capital demand.According to
Ind-Ra, unit of Fitch, stable rating outlook for banks for FY23 indicates their waning legacy asset quality
issues, strengthened balance sheets, manageable covid-19 impact and expectations of improved
profitability across the banking sector.
Learn Along:
India Ratings
Headquarters: Mumbai
CEO: Rohit Sawhney
ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand
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The Asian Development Bank (ADB) cut its fiscal year 2022-23 (FY23) gross domestic product
growth forecast for India to 7 percent from 7.2 percent due to sluggish global demand and tightening
of monetary policy to manage inflationary pressures from elevated prices for oil and other
commodities.ADB has also cut its FY24 forecast to 7.2 per cent from 7.8 per cent.
Learn Along:
ADB
Headquarters: Philippines
President: Masatsugu Asakawa
SIDBI profiles MSME ecosystem of 16 states to share best practices for small business growth
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September 2022
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Small Industries Development Bank of India (SIDBI) has brought out profiles of 16 states with respect
to their enterprise/industrial policies and good practices adopted to promote MSMEs through Project
Management Units (PMUs) set up by the bank.
The 16 states included Andhra Pradesh, Assam, Delhi, Gujarat, Haryana, Karnataka, Maharashtra,
Rajasthan, Tamil Nadu, Uttarakhand, Uttar Pradesh, Telangana, Jammu and Kashmir, West
Bengal, Odisha and Bihar.The state profiles, which are launched for the first time, are to be provided
to state governments for them to take advantage of the information and spread the best practices
followed for the benefit of MSMEs.
Learn Along:
SIDBI
Headquarters: Lucknow
Chairman & MD: Sivasubramanian Ramann
Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and
processing of goods and commodities. The concept of MSME was first introduced by the government of India
through the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006.
Micro
Investment less than Rs. 1 crore or Turnover less than Rs. 5 crore
Small
Investment less than Rs. 10 crore or Turnover up to Rs. 50 crore
Medium Investment less than Rs. 20 crore or Turnover up to Rs. 100 crore
SIDBI announces multiple MoUs to help MSMEs embrace energy efficiency

SIDBI entered into partnerships with multiple stakeholders in the sustainable development
ecosystem to help MSMEs embrace energy efficiency in their operations and also contribute to India’s
Sustainable Development Goals (SDG) 2030 targets.
MoU
Purpose
SIDBI &
German development agency Deutsche
Gesellschaft für Internationale
For operating a Risk Sharing Facility (RSF) that provides credit guarantees
to loans from commercial banks or non-banking financial companies
(NBFCs). The loan offering is towards enhancing activities of waste
management companies, low-carbon waste management solutions,
biomethanation, recycling, composting, and refused derived fuel for
use in cement kilns.
Zusammenarbeit (GIZ) GmbH
SIDBI &
Technology Information, Forecasting
and Assessment Council (TIFAC)
SIDBI &
Confederation of Indian Industry (CII)
To identify scalable green and clean technologies by MSMEs. TIFAC
will assess technologies and projects while SIDBI will support MSMEs
through financing under its various credit schemes to implement the
identified technologies. TIFAC is a technology think tank under the
Department of Science & Technology mandated to work towards future
technological development in India in socio-economic sectors.
Work towards promoting clean and green initiatives among MSMEs
and facilitating their implementation through SIDBI’s financing
schemes. CII will organise webinars and workshops on different clean
and green initiatives related to renewable energy (especially rooftop
solar), energy efficiency/ management, net zero, green buildings,
resource efficiency, circular economy, etc.
Learn Along:
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September 2022
TIFAC (Technology Information Forecasting and Assessment Council) is an autonomous organization set up in
1988 by the government of India under the Department of Science & Technology to: look ahead in technology domain;
assess the technology trajectories; and support innovation by networked actions in select areas of national importance.
It is also called Government of India's technology think tank.
CII
Headquarters: NewDelhi
President: Sanjiv Bajaj
SIDBI and Maharashtra Govt to organize conclaves in its 36 districts to promote MSME growth

Small Industries Development Bank of India (SIDBI) collaborated with the Maharashtra
Government’s Directorate of Industries to organize District Conclaves on Investment Promotion,
Export, Ease of Doing Business, (EoDB) and One District One Product (ODOP) in all 36 districts of
the state. There would be two-day conclaves in 18 districts and one-day conclaves in the rest of the
districts in Maharashtra. these conclaves will leverage the strengths of each district, spur new
investments and boost exports. There is a special focus on infrastructure development, venture capital
to startups and green finance for sustainability of MSMEs.
Learn Along:
The ‘One District, One Product’ (ODOP) was launched by the Ministry of Food Processing Industries, to help
districts reach their full potential, foster economic and socio-cultural growth, and create employment
opportunities, especially, in rural areas. It aims to do this by identifying, promoting and branding a product from
one district. The One District One Product scheme aims to turn every district in India, into an export hub through
promotion of the product in which the district specialises. The initiative plans to accomplish this by scaling
manufacturing, supporting local businesses, finding potential foreign customers and so on, thus helping to
achieve the ‘Atmanirbhar Bharat’ vision.
Centre allows RRBs to raise funds via IPO & rights issue


The Finance Ministry has issued guidelines for Regional Rural Banks (RRBs) to raise resources
from capital market, paving the way for raising funds via rights issue, private placement with select
investors such as large banks and insurance companies, and initial public offerings (IPO).As per the
guidelines, prior to issue of shares to the public through the IPO route, the RRBs should consider the
issue of bonus shares (to reward existing shareholders who so far have not been paid dividends
and have first claim on the existing reserves) and a Rights Issue in consultation with the merchant
bankers and the sponsor bank.
Among the parameter for selection on RRBs for capital raising include: networth of at least ₹300
crore in each of the preceding three years; minimum Capital to Risk-weighted Assets Ratio above
the regulatory requirement of 9 percent in each of the preceding three years; track record of profitability
- pre-tax operating profit of minimum ₹15 crore for at least three out of previous five years,
excluding extraordinary times.Further, RRBs should have return on equity of minimum 10 percent in
three out of preceding five years; and return on assets of a minimum 0.5 percent in three out of
preceding five years.
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Regional Rural Banks (RRBs) are banks formed in collaboration by the Central Government, State Governments and
Sponsoring Commercial Banks to give loans to rural areas. They were set up as government-sponsored, regional-based
rural lending institutions under the Regional Rural Banks Act, 1976. RRBs were configured as hybrid micro banking
institutions, combining the local orientation and small-scale lending culture of the cooperatives and the business culture
of commercial banks. Their mission was to fulfill the credit needs of the relatively un-served sections in the rural areas
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-small and marginal farmers, agricultural labourers and socio-economically weaker sections.Shareholding pattern of
RRBs among the three sponsoring entities is 50:35:15 among central government, sponsoring bank and state
government respectively.
Capital to Risk (Weighted) Assets Ratio (CRAR) is also known as Capital adequacy Ratio, the ratio of a bank's
capital to its risk. The RBI tracks a bank's CAR to ensure that the bank can absorb a reasonable amount of loss and
complies with statutory Capital requirements.
Pretax income, also known as earnings before tax or pretax earnings, is the net income earned by a business
before taxes are subtracted/accounted for. Pretax income, however, accounts for deductions related to operating
expenses, depreciation, and interest expenses.
When a private company first sells shares of stock to the public, this process is known as an initial public offering
(IPO). In essence, an IPO means that a company's ownership is transitioning from private ownership to public ownership.
For that reason, the IPO process is sometimes referred to as going public.
Govt permits invoicing, payment and settlement of trade in rupee


The commerce ministry allowed invoicing, payment and settlement of exports and imports in Indian
rupee, a move aimed at facilitating trade in the domestic currency.To align the Foreign Trade Policy
(FTP) with this decision of the RBI, the Directorate General of Foreign Trade (DGFT) added a new
paragraph in the FTP.
As per the new para(Para 2.52 (d)), Indian importers undertaking imports through this mechanism will
make payment in INR which will be credited into the special vostro account of the correspondent
bank of the partner country, against the invoices for the supply of goods or services from the overseas
seller/supplier.
Learn Along:
Directorate General of Foreign Trade
Headquarters: New Delhi
Director General: Santosh Kumar Sarangi
Foreign Trade Policy (FTP) is the prime policy that lays down simple and transparent procedures which are easy to
comply with and administer for efficient management of foreign trade in India. The Policy aims at enhancing the
country’s trade for economic growth and employment generation. The present Foreign Trade Policy (FTP) 2015-20
was introduced on April 1, 2015. It was to expire on March 31, 2020, but was extended till March 31, 2022, due to
pandemic-induced uncertainties.
Foreign Trade Policy extended for six months till March 2023

The government decided to extend the existing five-year foreign trade policy 2015-20 by another six
months because of global economic uncertainty and currency volatility.The government has always
involved all stakeholders in formulating policy. In view of this, it has been decided to extend the
Foreign Trade Policy 2015-20, valid till Sept 30, 2022 for a further period of six months, w.e.f.
October 1st , 2022 till March 2023.
Adani group overtakes Tatas to be India's most valued conglomerate
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
The market value of all listed stocks of Adani Group stood at Rs 22.27 trillion (about $278 billion),
higher than Tata Group’s Rs 20.77 trillion ($260 billion). Mukesh Ambani-led Reliance Group is in third
position with market capitalisation (market cap/value) of Rs 17.16 trillion ($220 billion).
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Adani Group
Headquarters: Ahmedabad
Tata Group
Headquarters: Mumbai
RIL
Headquarters: Mumbai
Founder: Gautam Adani
Chairman: Natarajan Chandrasekaran
CEO: Mukesh Ambani
Market capitalization, commonly called market cap, is the market value of a publicly traded company's
outstanding shares. Market capitalization is equal to the share price multiplied by the number of shares
outstanding.
Govt revises threshold for paid up capital of small companies

The Ministry of Corporate Affairs (MCA) has further revised the definition of small companies under
the Companies Act, 2013 by increasing their threshold for paid up capital from “not exceeding ₹2
crore” to “not exceeding ₹4 crore” and turnover from “not exceeding ₹20 crore” to “not exceeding
₹40 crore”.The move aims to facilitate ease of doing business further and reduce compliance burden
on small companies.
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Ministry of Corporate Affairs
Union Minister: Nirmala Sitharaman
Indirect tax collections up 14% till August,2022 end; expected to exceed the FY23 target of Rs 13.38
trillion

Despite the excise duty cut on petrol and diesel, the Centre’s indirect tax collections grew by 14% on
year in April-August of the current financial year as against a required rate of 3.5% to achieve the full-year
target. This increase was largely aided by robust goods and services taxes (GST) receipts.The
growth rate indicates that indirect tax collections by the Centre would exceed the FY23 target of Rs
13.38 trillion by a substantial margin, giving an opportunity to the government to keep the budget
deficit within the target of 6.4% of GDP.
Learn Along:
GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage,
destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT, excise
duty, service taxes, etc.
Indirect tax is the tax levied on the consumption of goods and services. It is not directly levied on the income of a
person. Instead, he/she has to pay the tax along with the price of goods or services bought by the seller.
GST collections above Rs 1.4 trillion for sixth consecutive month

Goods and Services Tax (GST) collections remained above Rs 1.4 trillion for the sixth month in a
row, and increased 28 percent year-on-year to Rs 1.43 trillion on better compliance, revival in
consumption, and elevated inflation. The GST mop-up in August 2021 was Rs 1.12 trillion.
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
However, revenue from the indirect tax witnessed a mild month-on-month dip from Rs 1.49 trillion
collected in July.
Gross Direct Tax Collection Grows 30% In 2022-23 To ₹ 8.36 Lakh Crore


Gross direct tax collections grew 30 per cent to ₹ 8.36 lakh crore in the current fiscal year on
increased due to increase in advance tax.The cumulative advance tax collections for April-September
stand at ₹ 2,95,308 crore as on September 2022, up 17 per cent over the year-ago period.
Gross collection of Rs 8.36 lakh crore includes Corporate Income Tax at ₹ 4.36 lakh crore and
Personal Income Tax (PIT), including Securities Transaction Tax at ₹ 3.98 lakh crore.After adjusting
for refunds, net collections rose 23 per cent to ₹ 7,00,669 crore, compared to ₹ 5,68,147 crore in the
corresponding period of 2021-22.
Learn Along:
Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity.In the case of direct tax,
the burden can’t be shifted by the taxpayer to someone else. These are largely taxes on income or wealth. Income tax,
corporation tax, property tax, inheritance tax and gift tax are examples of direct tax.
Corporate Income Tax - The income-tax paid by domestic companies, and foreign companies on their income in India
is corporate income-tax (CIT). The CIT is at a specific rate as prescribed by the income tax act subject to the changes
in the rates in the union budget every year.
Personal Income Tax-The income-tax paid by the individual taxpayers is the personal income tax. Individuals get taxed
on the basis of tax slabs at different rates
CBDT issues Revised Guidelines for compounding of offences under the Income-tax Act, 1961



In conformity with the Government's policy of facilitating Ease of Doing Business and
decriminalisation of offences, Central Board of Direct Taxes (CBDT) has taken steps and issued
revised guidelines for compounding of offences under the Income-tax Act, 1961(the 'Act') with reference
to various offences covered under the prosecution provisions of the Act.
The scope of eligibility for compounding of cases has been relaxed whereby case of an applicant who
has been convicted with imprisonment for less than 2 years being previously non-compoundable,
has now been made compoundable.The discretion available with the competent authority has also
been suitably restricted.
The time limit for acceptance of compounding applications has been relaxed from the earlier limit of
24 months to 36 months now, from the date of filing of complaint. Additional compounding charges
in the nature of penal interest @ 2% per month up to 3 months and 3% per month beyond 3 months
have been reduced to 1% and 2% respectively.
Learn Along:
CBDT
Headquarters: New Delhi
Chairman: Nitin Gupta
Compoundable offenses are those thatcan be compromised, i.e. the complainant can agree to take back the charges
levied against the accused, whereas, non - compoundable offenses are the more serious offenses in which the
parties cannot compromise.
MAS and IFSCA to Pursue Cross-border FinTech Innovations
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

The Monetary Authority of Singapore (MAS) and the International Financial Services Centres
Authority (IFSCA) signed a FinTech Co-operation Agreement (CA) to facilitate regulatory
collaboration and partnership in FinTech.
The CA will promote the following:
o Regulatory Sandbox Collaboration – MAS and IFSCA will leverage existing regulatory sandboxes
in their respective jurisdictions to support experimentation of technology innovations. This
includes referral of companies to each other’s regulatory sandboxes and enable innovative crossborder experiments in both jurisdictions. The CA will also allow MAS and IFSCA to evaluate the
suitability of use cases which could benefit from collaboration across multiple jurisdictions, and invite
relevant jurisdictions to participate in a Global Regulatory Sandbox.
o
Sharing of Information – MAS and IFSCA will share non-supervisory related information and
developments on innovation in financial products and services, facilitate discussions on
emerging FinTech issues and participate in joint innovation projects.
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IFSCA
Monetary Authority of
Singapore
Headquarters: Gandhinagar, Gujarat
MD & CEO: Injeti Srinivas
Headquarters: Singapore
Chairman: Tharman Shanmugaratnam
IBBI fixes timelines for the liquidation process to reduce delays


To reduce delays and realize better value through the liquidation process, the Insolvency and
Bankruptcy Board of India (IBBI) has set timelines for meetings and adjudication of claims by the
stakeholders’ consultation committee.The IBBI liquidation process second amendment regulations
2022 state that the Committee of creditors constituted during the Corporate Insolvency Resolution
Process (CIRP), should function as the stakeholders Consultation Committee (SCC) in the first 60 days.
The liquidator has been mandated to conduct the meetings of SCC in a structured and time-bound
manner with better participation of stakeholders.The revised regulations also state that wherever the
committee of creditors (CoC) decides that the process of compromise or arrangement may be
explored during the liquidation process, the liquidator would file an application before the adjudicating
authority, within 30 days of the order of liquidation.
Learn Along:
IBBI
Headquarters: New Delhi
Chairperson: Ravi Mittal
Founded on 1st October,2016 IBBI is responsible for professionalising insolvency services through regulation and
development of service providers, namely, insolvency professionals, insolvency professional agencies, insolvency
professional entities, information utilities, registered valuers, and registered valuers' organisations.
Corporate Insolvency Resolution Process is a recovery mechanism for creditors. If a corporate becomes insolvent,
a financial creditor, an operational creditor, or the corporate itself may initiate CIRP. After making an application then
CIRP is initiated.
Retail inflation for farm, and rural workers (6.94 percent and 7.26 percent) rise in August,2022

Retail inflation for farm and rural workers increased to 6.94 percent and 7.26 percent, respectively,
in August mainly due to higher prices of certain food items.In July, retail inflation for farm and rural
workers stood at 6.60 percent and 6.82 percent respectivelyFood inflation stood at 6.16 percent and
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September 2022
6.21 percent for agricultural labourers (CPI-AL) and rural labourers (CPI-RL) respectively, in August
2022 compared to 5.38 per cent & 5.44 percent respectively in July 2022.
Learn Along:
Retail Inflation-The CPI monitors retail prices at a certain level for a particular commodity; price movement of goods
and services at rural, urban and all-India levels. The change in the price index over a period of time is referred to as
CPI-based inflation, or retail inflation.
CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) is
released by Labour Bureau
Retail inflation rises to 7% in August as food prices surge; IIP growth eases to 2.4 percent


India’s retail inflation rate showed an upward trend in August, rising to 7 percent from 6.7 percent
in July, driven by a surge in food prices. While fuel inflation softened in August to 10.78 per cent, the
prices of cereals, fruits, vegetables, and spices hardened during the month. Among service items,
education and household goods and services became more expensive.Rural inflation (7.15 per cent)
continued to be above urban inflation (6.7 per cent) in August.
Among states, inflation in West Bengal, Gujarat, Telangana and Maharashtra remained above the
national average, while it was significantly lower in Delhi Himachal Pradesh, and Karnataka. Separately,
data released by the National Statistical Office showed that growth in the Index of Industrial
Production (IIP) eased to 2.4 percent in July from 12.7 per cent in the preceding month.
Learn Along:
The Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an
economy such as mineral mining, electricity and manufacturing.
NSO
Headquarters: New Delhi
Chairperson: Bimal Kumar Roy
Punjab gets $150 million loan from World Bank to improve finances and public services

World Bank has granted a loan of $150 million to help Punjab in managing financial resources and
ensure accessible public service. The $150 million loan has a maturity period of 15 years which
includes 6 months period.The main aim of providing monetary support to the state to bolster the
capabilities of various government departments, help them manage fiscal risks, and make
informed policy choices to support sustainable growth.
Learn Along:
World Bank
Headquarters: Washington DC,US
President:David Malpass
Centre announces new Medical Device Rules to smoothen licensing procedure


The government has announced the Medical Devices Rules as Medical Devices (Amendment) Rules,
2022. The Rules made provisions for all class A medical device manufacturers to register
themselves through an identified online portal established for the purpose.
Class A medical devices are those with low-to-moderate risk to the patient or user (like surgical
dressings). All class A and class B manufacturers are required to transition to the licensing regime
by October 1,2022.The manufacturer has to give an undertaking stating that the proposed device is
class A medical device — non-sterile and/or non-measuring. The manufacturer will have to self-certify
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that the product is conforming to the essential principles checklist of safety and performance of
such devices.
Cabinet approves second tranche of solar PLI worth Rs 19,500 crore


The Union Cabinet approved the Rs 19,500-crore for the second tranche of the ‘production-linked
incentive’ (PLI) scheme for solar equipment manufacturing.This is part of ‘National programme on
High Efficiency Solar PV Modules’ for achieving manufacturing capacity of giga watt (Gw) scale in high
efficiency solar photovoltaic (PV) modules.
The scheme will bring direct investment of around Rs 94,000 crore and will lead to creation of
manufacturing capacity for allied equipment in the solar manufacturing chain.The scheme would also
induce direct employment for 195,000 people and indirect employment of about 780,000.
Learn Along:
Production Linked Incentive Scheme (PLI) offers a production linked incentive to boost domestic manufacturing and
attract large investments in mobile phone manufacturing and specified electronic componentsThe scheme shall extend
an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under target
segments, to eligible companies, for a period of 5 years
PLI
Ministry: Ministry of Electronics & IT
Launch Year: 2020
The national programme on High-Efficiency Solar PV Modules aims to build an ecosystem for manufacturing highefficiency solar PV modules in India reducing import dependence in the area of Renewable Energy. It will strengthen
the Atmanirbhar Bharat initiative and generate employment.
Panel approves 32 beneficiaries under PLI for large-scale electronics manufacturing


The committee formed by Niti Aayog under the chairmanship of Parameswaran Iyer has approved
32 beneficiaries under the production-linked incentive scheme for large-scale electronics
manufacturing, including 10 for mobile manufacturing.The committee has approved the first incentive
for mobile manufacturing under the PLI scheme for large scale electronics manufacturing.
The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many
as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, advance
chemistry cell and speciality steel.
Govt forms 5-member committee to review pharma marketing practices


The central government has formed a five-member committee led by V K Paul, member (health) of
NITI Aayog, to consider a legally enforceable mechanism for regulating the marketing practices
of pharmaceutical firms.
It will examine the provisions government departments have to regulate pharmaceutical marketing
practices and align interventions for implementation by the healthcare industry.It will also examine the
related issues on the requirement of legally enforceable mechanisms for regulating marketing
practices, including study of the practices across the globe.
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NITI Aayog
Headquarters: New Delhi
Chairman: Narendra Modi
India sets up export promotion council for medical devices under DoP
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
India sets up an export promotion council for medical devices. The medical devices export
promotion council will be under the department of pharmaceuticals. It will be headquartered in
Noida and will have offices in Andhra Pradesh and Telangana. The council will help exporters in
promoting their products in international markets.India currently exports Rs. 23,766 crore (2021-22) of
medical devices up from previous year Rs 19,736 crore.
Learn Along:
Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers
Union Minister: Mansukh Mandaviya
Centre releases Rs 4,189 cr as rural local bodies grant to five states


The Finance Ministry has released Rs 4,189 crore to five states for providing grants to the rural local
bodies.
An amount of Rs 4,189.58 crore to Karnataka (Rs 628.07 crore), Tripura (Rs 44.10 crore), Uttar
Pradesh (Rs 2,239.80 crore), Andhra Pradesh (Rs 569.01 crore), and Gujarat (Rs 708.60 crore) for
providing grants to the Rural Local Bodies has been released by the Department of Expenditure.
 This grant is based on the recommendations of the 15th Finance Commission and are released
to the states as per the advice of the Department of Drinking Water & Sanitation for making
improvements in two services -- sanitation and maintenance of Open-Defecation Free (ODF)
status and supply of drinking water, rain water harvesting and water recycling.
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Ministry of Drinking Water & Sanitation
Union Minister : Gajendra Singh Shekhawat
Crisis-hit Sri Lanka strikes preliminary loan pact with IMF

Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF)
for a bailout. The debt-laden country has been seeking up to $3 billion from the global lender in a bid
to escape its worst economic crisis since independence from Britain in 1948.
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IMF
Headquarters: Washington, United States
MD: Kristalina Georgieva
Estimates of Gross Domestic Product for the First Quarter (April-June) of 2022-23



The estimates of GDP have been released by the National Statistical Office (NSO), Ministry of
Statistics, and Programme Implementation.
Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in Q1 2022-23 is estimated
to attain a level of ₹ 36.85 lakh crore, as against ₹ 32.46 lakh crore in Q1 2021-22, showing a growth
of 13.5 percent as compared to 20.1 percent in Q1 2021-22.
Nominal GDP or GDP at Current Prices in Q1 2022-23 is estimated at ₹ 64.95 lakh crore, as against
₹ 51.27 lakh crore in Q1 2021-22, showing a growth of 26.7 percent as compared to 32.4 percent in
Q1 2021-22.
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NSO
Headquarters: New Delhi
Chairperson: Bimal Kumar Roy
Consumer Price Index for Industrial Workers - July 2022
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

The index is been released by Labour Bureau under Ministry of Labour & Employment. The index
is compiled for 88 centers and All-India and is released on the last working day of the succeeding
month.
The All-India CPI-IW for July, 2022 increased by 0.7 points and stood at 129.9 .On 1-month percentage
change, it increased by 0.54 percent with respect to the previous month compared to an increase
of 0.90 percent recorded between corresponding months a year ago.
Learn Along:
The CPI-IW measures change in the prices of goods and services consumed by industrial workers in reference to a
base year. The labour bureau, under the ministry of labour and employment, compiles the consumer price index for
industrial workers every month
Maharashtra govt to take Rs 4000 cr loan from ADB to set up medical colleges in 12 districts


Maharashtra government will take a loan of 4,000 crore rupees from the Asian Development Bank
(ADB) for setting up medical colleges in 12 districts of the state.
These districts include Jalgaon, Satara, Alibaug, Sindhudurg, Usmanabad, Parbhani, Amravati,
Ratnagiri, Gadhchiroli, Bhandara and Ambernath.
Learn Along:
The Asian Development Bank is a regional development bank. It was established in 1966, it is owned by 68
members—49 from the region.
ADB
Headquarters: Philippines
President: Masatsugu Asakawa
ADB commits $14 billion to ensure food security in Asia Pacific


The Asian Development Bank announced a USD 14 billion fund from 2022-25 to fight food security
crisis in Asia Pacific, threatened by adverse climate and exacerbated by the Russia-Ukraine war choking
supply lines, triggering soaring food prices.
While, USD 3.3 billion of the total funding is earmarked for 2022, the rest of USD 10.7 billion will be
spread over 2023-25.For 2022, a further funding break-up includes USD 2.5 billion sovereign
support towards repurpose and utilisation of existing projects, strengthening of countercyclical
support for food security and launch of new projects in agriculture, natural resources and rural
development.Besides, USD 800 million will be utilised in the private sector for trade and supply chain
financing, direct agribusiness lending, microfinancing programme and lending to financial institutions.
Rajasthan announces amnesty scheme for mining leases up to Mar 31, 2021



The Rajasthan government has announced an amnesty scheme for miners.The mines department’s
Arrears and Interest Waiver Scheme, 2022, will be applicable to the outstanding dues of those in the
business of minor minerals.
This scheme is being implemented on mining leases, quarry licenses, dead rent on a temporary work
permit for river sand, royalties, penalties, etc up to March 31, 2021.With this scheme, the state
government’s outstanding revenue for years would be collected & manpower deployed for collection
could be utilized for productive work.
A maximum relief of 90 percent and a minimum of 40 percent on the principal in different slabs would be
given in accordance with the outstanding period. For defaulters who have deposited the principal and
only have the outstanding interest to pay, the interest amount can be waived.
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About Rajasthan
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Capital: Jaipur
Chief Minister: Ashok Gehlot
Governor: Kalraj Mishra
Rajasthan govt signs MoUs and LOIs worth Rs 10.44 trillion a month before Invest Rajasthan Summit

Rajasthan state government has signed memorandum of understanding (MOUs) and letter of
intent (LoIs) worth Rs 10.44 trillion, ahead of the Invest Rajasthan 2022 Summit to be held in Jaipur
on October 7-8. The state signed MoUs and LoIs are in areas like mining and minerals, agriculture and
agro-processing, tourism, textile, engineering, chemical and petrochemicals, health and medical,
logistics, energy, and handicraft.
Ministry of Roadways amends battery safety norms, to come into effect from Oct 1

Concerned over cases of fire incidents observed in electric two-wheelers, the road transport
ministry has introduced additional safety provisions in the battery safety standards which will come
into effect from October 1, 2022.The amendments include additional safety requirements related to
battery cells, on-board chargers, design of battery packs, and thermal propagation due to internal cell
short circuits leading to fire.
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Ministry of Road Transport & Highways
Union Minister: Nitin Gadkari
India's manufacturing growth stays robust in August while inflation eases

India’s manufacturing activity remained robust in August, with production and new orders strongest as
compared to previous months. The S&P Global India Manufacturing Purchasing Managers’ Index
(PMI) dipped to 56.2 in August from a reading of 56.4 in July.
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PMI or a Purchasing Managers' Index (PMI) is an indicator of business activity -- both in the manufacturing and
services sectors. It is a survey-based measures that asks the respondents about changes in their perception of some
key business variables from the month before.
Services PMI rebounds in August reaches 14-year high

India’s services sector saw a sharp uptick in August on the back of stronger gains in new business,
ongoing improvements in demand conditions and job creation. The seasonally-adjusted S&P Global India
Services PMI Business Activity Index rose from a four-month low of 55.5 in July to 57.2 in August,
amid a quicker increase in business activity and the sharpest rise in employment in over 14 years.
The finance ministry extends concessional customs duty on edible oil imports by 6 months till March
2023

The finance ministry has extended concessional customs duty on edible oil imports by another 6
months till March 2023, a move aimed at increasing domestic supply and keeping prices under
control.Currently, import duty on crude varieties of palm oil, soyabean oil, and sunflower oil is nil.
However, taking into account agri cess of 5 percent and social welfare cess of 10 percent, the effective
duty on crude varieties of these three edible oils is 5.5 percent.
Goldman Sachs, Citigroup, and Moody’s slash India growth outlook as Q1 GDP data showed slow
growth
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September 2022

Citigroup Inc sharply cut its growth projection to 6.7 percent for the fiscal year to March 2023, from
8 percent earlier, while Goldman Sachs Group Inc. revised it to 7 percent from 7.2 percent earlier,
after the released data showed that India’s gross domestic product grew less than expected in the last
quarter.Moody’s Investors Service too had sharply cut India’s GDP (Gross Domestic Product) growth
forecast for 2022 to 7.7 percent The credit rating agency also trimmed the country’s GDP forecast for
the next year 2023 to 5.2 percent from 5.4 percent.
Learn Along:
Citigroup
Headquarters: New York,US
CEO: Jane Fraser
Goldman Sachs
Headquarters: New York, US
CEO: David M. Solomon
Moody’s Investor Service
Headquarters:New York,US
CEO: Robert Fauber
SBI trims GDP growth forecast to 6.8% for FY23

State Bank of India (SBI) has revised down India's full-year GDP growth forecast to 6.8 for the financial
year FY23. Earlier, the growth forecast was 7.5%.The reason for lowering the GDP forecast, however,
expects growth momentum to increase the pace in the second half of the fiscal.
Learn Along:
SBI
Headquarters: Mumbai
Chairperson: Dinesh Kumar Khara
Government decides not to extend anti-dumping duty on ammonium nitrate from 3 nations

The government has decided not to extend the anti-dumping duty imposed on ammonium nitrate
imported from Russia, Iran, and Georgia.

The duty is aimed at ensuring fair trade practices and creating a level-playing field for domestic producers
with regard to foreign producers and exporters.
Learn Along:
Anti-dumping duty is a tariff imposed on imports manufactured in foreign countries that are priced below the fair
market value of similar goods in the domestic market. The government imposes anti-dumping duty on foreign imports
when it believes that the goods are being “dumped” – through the low pricing – in the domestic market. Anti-dumping
duty is imposed to protect local businesses and markets from unfair competition by foreign imports.
Google to extend third party billing to developers in India & other nations

Google announced a third-party ‘in-application (app)’ billing system pilot will be extended to India
and four other markets - Australia, Indonesia, Japan, and the European Economic Area - allowing
non-gaming developers to offer users the choice of an alternative billing mechanism, alongside Google
Play.All non-gaming developers globally can sign up to participate in the pilot and offer this
choice to their mobile and tablet users in these markets. Users will continue to have the choice to
use Play’s billing system.
Learn Along:
Google
Headquarters: California,US
CEO: Sundar Pichai
India’s external debt rises 8.2 pc to USD 620.7 billion till March 2022
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September 2022

India’s external debt rose by 8.2 percent year-on-year to USD 620.7 billion as of March 2022.Foreign
currency reserves as a ratio to external debt stood slightly lower at 97.8 percent as of end-March
2022 than 100.6 percent a year ago.The long-term debt estimated at USD 499.1 billion constituted the
largest chunk of 80.4 per cent, while the short-term debt at USD 121.7 billion accounted for 19.6 per cent
of the total.
Learn Along:
Forex
reserves
are
foreign
currency
assets
held
by
the
central
banks
of
countries.
These assets include foreign marketable securities, monetary gold, special drawing rights (SDRs) and reserve
position in the IMF. The main purpose of holding foreign exchange reserves is to make international payments and
hedge against exchange rate risks.
India's foreign exchange reserves fall to the lowest in 23 months

According to the data shown by the Reserve Bank of India, India’s foreign exchange reserves
declined by $7.9 billion to $553.11 billion.The decline in the foreign exchange reserves was largely
on account of a fall in foreign currency assets, which dropped $6.5 billion to $492.12 billion.
34000 cr appoved for capex support to states: Finance Ministry




The Centre has approved about Rs 34,000 crore in interest-free 50-year capex loans to 13 states so
far in the current fiscal.
The Union government launched an expanded scheme of Rs 1 trillion for FY23 to help states boost
capital expenditure, since the end of the goods and services tax (GST) compensation could have resulted
in states cutting down on their productive spending plans.
Of the total amount, Rs 80,000 crore would be released proportionately to the states’ share in the
devolution of central taxes and for projects solely based on their viability. The release of the balance
Rs 20,000 crore is linked to key infrastructure connectivity projects.
As for the long-term loans to states for boosting capex, the beneficiaries so far include Uttar Pradesh,
Karnataka, Maharashtra, Bihar, Chhattisgarh, Goa, Manipur, Nagaland, Sikkim and Himachal
Pradesh.
Learn Along:
Capital expenditure is the money spent by the government on the development of machinery, equipment, building,
health facilities, education, etc. It also includes the expenditure incurred on acquiring fixed assets like land and
investment by the government that gives profits or dividend in future.
EDII launches micro skill entrepreneurship programme to foster 10k women-led green businesses

The Entrepreneurship Development Institute of India (EDII), an entrepreneurship training institute, is
launching a skill development, entrepreneurship programme for women-led green businesses
across 100 districts in India. The aim is to enable 10,000 women start and manage a business that
will be registered as MSMEs. EDII has partnered with corporates such as like Accenture, Facebook,
Bayer Foundation, HSBC Bank, Walmart, ITC, Yes Bank, ONGC and Amazon for its Micro Skill
Development Programme (MSDP) to develop several green businesses including urban terrace
gardening kits, bamboo crafts, mushroom cultivation, organic fertilizers, beekeeping, and biodegradable
plates made from leaves.
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Learn Along:
EDII
Headquarters: Ahmedabad
CEO: Rakesh Sharma
Exports remain flat at USD 33 billion in August; trade deficit widens to 28.68 billion

India’s exports contracted by 1.15 per cent to USD 33 billion and trade deficit more than doubled to
28.68 billion in August 2022.During April-August 2022-23, exports registered a growth of 17.12 per
cent to USD 192.59 billion. Imports during the five-month period of this fiscal grew by 45.64 per cent to
USD 317.81 billion.
India overtakes U.K. to become fifth largest economy in the world

India has overtaken the U.K. to become the world's fifth-largest economy and is now behind only
the US, China, Japan and Germany, according to IMF projections.A decade back, India was ranked
11th among the large economies while the U.K. was at the fifth position. With record beating
expansion in the April-June quarter, the Indian economy has now overtaken the U.K., which has
slipped to the sixth spot.
Learn Along:
IMF
Headquarters: Washington, United States
MD: Kristalina Georgieva
World's largest drone fund to take a position up to $40 million in UAV ecosystem in India


Japan-based $170 million Drone Fund (DF) ACSL (Autonomous Control System Laboratory Ltd)
— one of many world’s largest devoted VCs for selling unmanned aerial car (UAV) ecosystem — intends
to take a position up to $40 million in Indian firms working within the sector.
It has tied up with drone main Aerodyne India group to put money into the latter’s manufacturing
services and likewise to pick different native corporations.
Learn Along:
Aerodyne India
Headquarters: New Delhi
CEO: Arjun Aggarwal
India’s merchandise export in April -August 2022-23 was USD 192.59 billion with an increase of 17.1%


India’s merchandise import in August 2022 was USD 61.68 billion, an increase of 36.78% over USD
45.09 billion in August 2021. India’s merchandise imports in April -August 2022-23 was USD 317.81
billion with an increase of 45.64% over USD 218.22 billion in April -August 2021-22. The value of nonpetroleum exports in April -August 2022-23 was USD 152.29 billion, an increase of 7.97% over USD
141.05 billion in April -August 2021-22.
Value of non-petroleum imports was USD 44.07 billion in August 2022 with a positive growth of
23.63% over non-petroleum imports of USD 35.65 billion in August 2021. Value of non-oil, non-GJ (gold,
silver & Precious metals) imports was USD 37.46 billion in August 2022 with a positive growth of
40.37%over non-oil and non-GJ imports of USD 26.69 billion in August 2021.
PSU banks to open about 300 branches in unbanked areas by Dec 2022

As part of the financial inclusion drive, public sector banks will open about 300 physical branches
in the unbanked areas of various states by December 2022. These new branches will cover all
remaining unbanked villages with a population of more than 3,000, according to sources.A Maximum
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September 2022
number of 95 branches will be opened in Rajasthan followed by 54 in Madhya Pradesh. The public sector
banks will open 38 branches in Gujarat, 33 in Maharashtra, 32 in Jharkhand and 31 in Uttar
Pradesh.Bank of Baroda will open 76 branches, while State Bank of India will establish 60 branches.
Learn Along:
Bank of Baroda
Headquarters: Vadodara
MD & CEO: Sanjiv Chadha
Union Home and Cooperation Minister, Shri Amit Shah announces constitution of National level
committee for drafting the national cooperation policy document
 The new National Cooperative Policy is being formulated to realize the vision of 'Sahakar Se
Samriddhi ' under the visionary leadership of Prime Minister, Shri Narendra Modi.National Level
Committee under the Chairmanship of former Union Cabinet Minister, Shri Suresh Prabhakar Prabhu,
consists of 47 members from all parts of the country.The Committee comprises experts of the cooperative
sector; representatives of National / State / District & Primary Cooperative Societies; Secretaries
(Cooperation) & Registrars of Cooperative Societies of States / UTs; and Officers from Central
Ministries / Departments.
HAL-L&T consortium bags Rs 860-crore Isro contract for five PSLVs
 Hindustan Aeronautics (HAL) and Larsen & Toubro (L&T) was awarded a Rs 860-crore contract for
the next five Polar Satellite Launch Vehicles (PSLVs) over a period of four years from NewsSpace India
(NSIL).Indian Space Research Organisation’s (Isro’s) workhorse, PSLV, has carried out more than 52
successful flights and the rocket has attained operational status.In September 2016, a PSLV injected
104 satellites into orbit — a world record.
Learn Along
HAL
Headquarters: Bengaluru
CEO: R Madhavan
Tata Motors rolls out India's first CNG-powered truck in M&HCV segment
 The CNG models are powered by the 5.7-litre SGI engine generating peak power of 180hp and
torque of 650Nm.Tata Motors, currently offer CNG only in the small and light commercial vehicle
segments. The company also launched a fleet of seven trucks in the intermediary and light
commercial vehicle (I&LCV) segment, meant for varied applications.With the launch of the new
advanced trucks that boast a host of features, including the new-age Advanced Driver Assistance
System (ADAS), Tata Motors is hoping to create strong differentiation and recoup some market
share it has had lost in recent months.
Learn Along:
Tata Motors
Headquarters: Mumbai
MD & CEO: Guenter Butschek
CCI approves PayU’s $4.7-billion acquisition of BillDesk

The Competition Commission of India (CCI) approved payments service provider PayU’s $4.7-billion
acquisition of payment gateway platform BillDesk. The deal is said to be one of the largest in the
internet segment in India after Walmart’s $16-billion acquisition of Flipkart in 2018.The acquisition will
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September 2022
allow PayU’s lead investor Prosus Ventures to scale up its payments and fintech business in
India and abroad.
Learn Along:
Competition
India
PayU
Commission
of
Headquarters: New Delhi
Headquarters: Netherlands
Bill Desk
Headquarters: Mumbai
Chairrman: Ashok Guptha
CEO: Laurent le Moal
Director: Srinivasu MN
Revenue Deficit Grant of Rs. 7,183.42 crore was released to 14 States



The Department of Expenditure, Ministry of Finance has released the 6th monthly instalment of Post
Devolution Revenue Deficit (PDRD) Grant of Rs. 7,183.42 crore to 14 States.
The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of
Rs. 86,201 crore to 14 States for the financial year 2022-23. With the release of 6th instalment for the
month of September, 2022, the total amount of Revenue Deficit Grants released to the States in 202223 has gone up to Rs. 43,100.50 crore.
The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth
Finance Commission during 2022-23 are : Andhra Pradesh, Assam, Himachal Pradesh, Kerala,
Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and
West Bengal.
Learn Along:
Revenue deficit arises when the government’s revenue expenditure exceeds the total revenue receipts. Revenue
deficit includes those transactions that have a direct impact on a government’s current income and expenditure. This
represents that the government’s own earnings are not sufficient to meet the day-to-day operations of its departments.
Revenue deficit turns into borrowings when the government spends more than what it earns and has to resort to the
external borrowings.
Cabinet approves Rs 27k-cr scheme for setting up over 14k PM-SHRI schools

The Union Cabinet approved a Rs 27,360-crore scheme for the development of over 14,000 schools
across the country as PM Schools for Rising India (PM-SHRI), which is expected to benefit 187 lakh
students.Under the scheme, over 14,000 schools, including Kendriya Vidyalayas and Navodaya
Vidyalayas as well as schools run by state governments and local bodies, will be strengthened to
emerge as PM-SHRI Schools.The main aim is to upgrade and modernize existing schools from
amongst those managed by the central and state governments, as well as local bodies.The total
project cost would be Rs 27,360 crore for five years, of which the central share would be Rs 18,128
crore.
Cabinet approves signing of MoU between India and UAE on cooperation in the field of Education

The Union Cabinet has approved to sign a Memorandum of Understanding between the Ministry of
Education, the Government of India and the Ministry of Education of the Government of United
Arab Emirates on cooperation in the field of Education. This MoU will rejuvenate educational
cooperation and increase academic mobility between India and UAE besides facilitating the
exchange of information in order to promote mutual recognition of these qualifications and is valid for
five years.
Learn Along:
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September 2022
Ministry of Education
Union Minister: Dharmendra Pradhan
CCEA revises Railway's industrial land lease policy; lowers fee to 1.5%

The Union Cabinet Committee on Economic Affairs (CCEA) has revised the long-term lease policy
for the industrial use of the Railways’ land. The new policy will see the Railways’ land licensing fee
coming down to 1.5 percent, from the current 6 percent (with a 7 percent annual increase) of the
market value of the land. The lease period has been extended to 35 years from five years now.The policy
has been revised for a smoother implementation of the PM Gati Shakti National Master Plan
framework.
Learn Along:
Cabinet Committee on Economic Affairs (CCEA) reviews economic trends on a continuous basis, as also the
problems and prospects, with a view to evolving a consistent and integrated economic policy framework for the country.
IDFC First Bank joins Open Network for Digital Commerce

IDFC First Bank has signed up as a participant in the Open Network for Digital Commerce (ONDC)
to enable early adoption of the network among its customers.The bank has enabled a platform for buyers
which will help them discover sellers in the ONDC network as it develops over time. The bank has started
onboarding small merchants, who are its current account customers, on to a partner app registered with
ONDC. The app is expected to help small merchants carry out transactions over ONDC’s
electronic network and step up their digital footprint.
Learn Along:
IDFC First Bank
Corporate Office:Mumbai
CEO: V.Vaidyanathan
Registered Office: Chennai
Open Network for Digital Commerce (ONDC) is a freely accessible government-backed platform that aims to
democratise e-commerce by moving it from a platform-centric model to an open network for buying and selling of
goods and services.
Axis Bank starts giving loans through account aggregator framework

Axis Bank has started disbursing loans through the Account Aggregator (AA) framework, which
enables easy and instant access to financial information of customers in a secure manner.An early
investor in the AA framework, Axis Bank's loan disbursals have increased more than 30 percent
month-on-month since going live on the data sharing platform.The bank offers personal loans, credit
cards, auto loans and small business loans through the account aggregator system.
Learn Along:
Axis Bank
Registered Office: Ahmedabad
Corporate Office: Mumbai
MD &CEO: Amitabh Chaudhry
Account Aggregator Framework: It is a framework for data sharing between financial institutions like banks, pension
funds, insurance companies and assets management companies. Under this, account aggregators (AAs) use
technology for simple and secure exchange of the data between the institutions. With AAs, financial data can be used
to access a vast array of financial services for your personal or business needs.
Axis Bank looks to buy near 10% stake in Go Digit Life Insurance
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September 2022

Indian private lender Axis Bank Ltd has signed a non-binding term sheet to invest Rs 49.9-Rs 69.9
crore for a 9.94% stake in Go Digit Life Insurance.Axis Bank's stake purchase would value the startup's
upcoming life insurance business at $90 million.
Learn Along:
Go Digit Life Insurance
Headquarters: Bengaluru
MD&CEO: Jasleen Kohli
UCO Bank becomes first lender to get RBI's approval for rupee trade

Public sector lender UCO Bank has received the Reserve Bank of India’s (RBI’s) approval to open a
special vostro account with Gazprombank of Russia for trade settlement in Indian rupees. The
Kolkata-based lender is the first bank to receive regulator’s approval following the RBI’s decision to
allow Indian banks to settle trade in Indian currency in July.
Learn Along:
UCO Bank
Headquarters: Kolkata
CEO: Shri Soma Sankara Prasad
Bank of India becomes first Public Sector Bank to go live on new Direct Tax Collection System Tin
2.0

Bank of India has become the first public sector bank to go live on Income Tax Department’s new
Direct Tax Collection System Tin 2.0. With this technological integration of BOI on TIN 2.0 platform,
taxpayers will now get a single platform for their tax payment as well as e-filing of tax returns.Also,
taxpayers can now make the direct tax payment at any branch of Bank of India across the country
as more than 5000+ BOI’s branches are now accepting direct tax collection through over-thecounter (OTC) mode. The process is simple and fast, making it easier for taxpayers to make the
payments at their convenience in just a few clicks.
Learn Along:
Bank of India
Headquarters: Mumbai
CEO: Atanu Kumar Das
Tax Information Network, TIN 2.0 (e-filing) is the official portal of the Income Tax Department, Ministry of Finance,
Government of India. The portal has been developed by the Income Tax Department as a Mission Mode Project under
the National E-Governance Plan.
Bank credit growth inches up to 16.67% - RBI Data

According to the data provided by RBI, banks’ non-food credit growth has touched 16.7% year-onyear (y-o-y) as the lower base effect continues to drive the growth. The non-food credit outstanding stood
at Rs 125.2 trillion.According to data provided by CRISIL Ratings, while retail and MSME loans continue
to drive credit growth, the corporate segment is seeing healthy signs of pick-up owing to working capital
requirements.
Coal ministry slashes interest on late payment of royalty and rent

The government has reduced the rate of interest levied on delayed payment of royalty, rent and fee
from coal mines, a move that would enhance the ease of doing business. The coal ministry has
amended the Mineral Concession Rules, 1960 (MCR) aimed at regulating its provisions.The rate of
penal interest on delayed payment of rent, royalty, fee, or other sums due to the government has been
reduced from 24 percent to 12 percent.
Learn Along:
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September 2022
The Mineral Concession Rules, 1960 were framed with the objective to govern and regulate the grant of
reconnaissance permit and prospecting permits. These rules also govern the mining lease. The said rules have been
framed under section 13 of the Mines and Minerals (Development and Regulation) Act. The Mineral Concession Rules,
1960 in general terms govern the contract entered between the government and the company for the extraction of the
minerals.The National Mineral policy helps to increase and encourages the private investors and other stakeholders to
maintain and eventually increase the flow of the private investment in the exploration of the mineral.
Direct tax increases by 35.5% to Rs 6.48 trillion in FY23: Govt


The provisional gross direct tax collections for FY23 stood at Rs 6.48 trillion, which is 35.5 percent
higher than the same period last year.
Direct tax collections, net of refunds, stand at Rs 5.29 trillion, which is 30.2 percent higher than
the net collections for the corresponding period of last year adding that this was 37.2 per cent of the net
direct tax Budget Estimate for FY23According to the government data, refunds amounting to Rs 1.19
trillion have been this fiscal year is 65.3 percent higher than the refunds issued for the same period
in FY22.
Apple, Amazon among 14 firms to offer training to women in Indo-Pacific region


As a part of the IPEF (Indo-Pacific Economic Framework for Prosperity) Upskilling Initiative,14
American companies, including Apple, Amazon, Google, Microsoft and Cisco, each promised to
provide at least 5,00,000 digital training and education opportunities for women in the Indo-Pacific
region over the next decade.
The IPEF (Indo-Pacific Economic Framework for Prosperity) Upskilling Initiative is a public-private
partnership launched to support sustainable and inclusive economic growth in emerging and middleincome economies in the Indo-Pacific region. It’s focussed on countries, including India, Indonesia,
Malaysia, Brunei, Fiji, the Philippines, Thailand and Vietnam.The other companies that are involved
in the initiative are Dell, Edelman, HP, International Business Machines Corporation, Mastercard,
PayPal Holdings, American Tower Corporation, Salesforce and Visa Inc..
Learn Along:
Public-private partnerships (PPPs) are a mechanism for government to procure and implement public infrastructure
and/or services using the resources and expertise of the private sector. Where governments are facing ageing or lack
of infrastructure and require more efficient services, a partnership with the private sector can help foster new solutions
and bring finance.
HSBC commits Rs 125 cr to green causes in India over next 5 years

Foreign lender HSBC has committed Rs 125 crore over the next five years to support green
causes like wetland conservation and energy transition projects in India.The measures are being
taken as part of its efforts to limit the impact of climate change.Under the commitment, it has divided the
works into two broad themes, including energy transition and nature-based solutions.

The nature-based solutions will include projects to protect and revitalise wetlands, mangroves and
forests, landscape restoration and promote sustainable agriculture.Energy transition will include
renewables and/or energy efficiency programmes to support the shift towards renewables and scale
efficiency initiatives in sectors like healthcare, dairy cold chain and for productive energy use by
communities.
Learn Along:
HSBC
Headquarters: London,UK
Chairperson: Mark Tucker
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September 2022
Entrepreneurship skill development programme: Beneficiary count jumps over 100% in FY22



The number of aspiring entrepreneurs trained government’s scheme to promote entrepreneurship
among youth Entrepreneurship Skill Development Programme (ESDP) has jumped 113 percent in
the financial year 2021-22 from the previous year.
The number of beneficiaries increased from 27,544 in FY21 to 58,659 in FY22 even as the amount
released by the government for the program dipped from Rs 2.87 crore to Rs 1.99 crore during the said
period.Out of the total beneficiary count, the number of women entrepreneurs supported under ESDP
increased to 24,734 in FY22 from 13,640 in FY21.
The scheme focuses on youth including potential SC/ST and women entrepreneurs, differentlyabled, ex-servicemen, and below poverty line people to motivate them for self-employment or
entrepreneurship as one of the career options.
Learn Along:
Entrepreneurship Skill Development Programme (ESDP): It is an entrepreneurship scheme that nurtures the talent
of youth by enlightening them on several aspects of industrial or commercial activity that are required for setting up
MSEs.
Govt to set up Rs 200 crore training centre in Goa for new MSMEs

The Centre will establish a training center at a cost of Rs 200 crore in Goa for setting up new
enterprises and MSMEs in the state.To promote local MSMEs, the Goa state government in July 2022
notified a preferential purchase scheme for five years. Eligible MSMEs under the scheme will be given
special treatment in any tender floated by government departments/autonomous
bodies/corporations/semi-government departments or any purchases made by them.
Govt health expenditure fell from 1.35% of GDP in 2018 to 1.28% in 2019 – Govt Data



According to the latest national health estimates,the government's health expenditure as a
percentage of the GDP fell from 1.35 in 2017-18 to 1.28 in 2018-19.While the Centre's share in the total
government health expenditure fell to 34.3 percent in 2018-19, from 40.8 per cent in the previous
year, the states' share during the same period rose from 59.2 per cent to 65.7 percent.
In the same period, the out-of-pocket expenditure as a percentage of the total health expenditure
also fell from 48.8 to 48.2.When it comes to the total health expenditure, it fell to 3.2 percent of the
Gross Domestic Product (GDP) in 2018-19, from 3.3 percent last year.
The total health expenditure per capita, which indicates the health expenditure per person in the
country, at current prices, however, increased to Rs 4,470 in 2018-19, from Rs 4,297 in the previous
year and from Rs 3,638 in 2013-14. It has also been observed that per capita government spending on
healthcare has increased by 74% since 2013-14.The social safety net for healthcare expenditure
increased from 6 per cent in 2013-14 to 9.6 per cent in 2018-2019.
Learn Along:
Out-of-pocket expenditures are expenditures directly made by households at the point of receiving healthcare. This
indicates the extent of financial protection available for households towards healthcare payments.
NITI Aayog, WRI launches e-FAST - India’s first national electric freight platform
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September 2022



NITI Aayog, in collaboration with World Resources Institute (WRI), India, launched the country’s
first national electric freight platform – e-FAST India (Electric Freight Accelerator for Sustainable
Transport – India.
Supported by the World Economic Forum, CALSTART and RMI India, the platform brings different
stakeholders together, from across the freight ecosystem. It will help strengthen partnerships and identify
and support innovative freight solutions.
The platform also aims to raise awareness on freight electrification bolstered by on-ground
demonstration pilots and evidence-based research. It will also support scalable pilots and inform
policies aimed at accelerating freight electrification in India.
Learn Along:
WRI India
World Economic Forum
RMI India
Registered Office New Delhi
Headquarters: Cologny, Switzerland
Corporate Office: New Delhi
CEO: O.P Agarwal
Executive Chairman: Klaus Schwab
Chairperson: Borge Brende
MD: Akshima Ghate
Cisco's subsidiary Webex India gets licence to offer telecom connectivity

US telecom gear maker Cisco's subsidiary Webex India has received a telecom licence from the
government that will enable it to provide enterprise grade national and international telecom
connectivity.Webex has become the first Over-The-Top (OTT) player to get a telecom licence.It has
obtained the Unified Licence for national long distance and international long distance services.The
licence will enable it to connect with local and international data centre on its own and in a secured
manner.
Learn Along:
Webex India
Headquarters: California, United States
CEO: Chuck Robbins
OTT (over-the-top) is a means of providing television and film content over the internet at the request and to suit the
requirements of the individual consumer. The term itself stands for “over-the-top”, which implies that a content provider
is going over the top of existing internet services.
IT Ministry, Meta to fund 40 start-ups working in extended reality technology



The Information Technology ministry launched a programme in collaboration with Meta
Platforms Inc., to support 40 early-stage Indian start-ups in extended reality technology (XR).
The program will give Rs 20 lakh each to the start-ups and it will include a challenge aimed at promoting
XR, a term that refers to immersive technologies such as virtual reality and augmented reality, which are
regarded as the building blocks of the metaverse.The programme would encourage investments in
education, learning and skills, healthcare, gaming and entertainment, agritech, climate action,
tourism and sustainability.
The XR Startup Program will be implemented by four institutions: International Institute of Information
Technology – Hyderabad Foundation (CIE IIIT-H), Sikkim’s AIC SMU Technology Business Incubation
Foundation (AIC-SMUTBI), Gujarat University Startup and Entrepreneurship Council (GUSEC), and
Foundation for Innovation and Technology Transfer (FITT), IIT Delhi.
Learn Along:
Meta
Headquarters: California,US
CEO: Mark Zuckerberg
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September 2022
Ministry of Electronics & Information Technology
Union Minister: Ashwini Vaishnaw
SBI joins Rs 5-trillion market cap club with stock surging by 26% in three months

Public lender State Bank of India (SBI) hit the Rs 5-trillion-mark in market capitalisation (market
cap) for the first time after its shares touched a record high of Rs 564.45.With a market cap of Rs 5.03
trillion, SBI stood at the seventh position in the overall market cap ranking.

With this, SBI has become the third lender in the country to cross the market cap of Rs 5 trillion. HDFC
Bank, India's largest private lender holds first rank in this list, with a market cap of Rs 8.38 trillion,
followed by ICICI Bank, which has a market cap of Rs 6.33 trillion.In the past three months, SBI has
outperformed the market by surging 26 percent in comparison to ICICI Bank rallying 32 percent,
while HDFC Bank gaining 15 percent during the same period.
Learn Along:
SBI
Headquarters: Mumbai
HDFC Bank
Registered & Corporate Office: Mumbai
ICICI Bank
Registered Office: Vadodara
Corporate Office: Mumbai
Chairperson: Dinesh Kumar Khara
CEO: Shashidhar Jagdishan
CEO: Sandeep Bakshi
Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding
shares. Market capitalization is equal to the share price multiplied by the number of shares outstanding.
India's exports surge 1.62% in August with outbound shipments worth $33.92 bn; the trade deficit
fell to $27.98bn


At $33.92 billion, outbound shipments from India grew 1.62 percent in August, as compared to last
year, improving marginally from the preliminary estimate of $33 billion. The trade deficit fell from a
record $30 billion in July to $27.98 billion, but still remained high. External demand for key
commodities such as engineering goods, gems and jewelry, and textiles fell in August. Imports also
remained high at $61.9 billion but fell sequentially from $66.27 billion.
India’s overall exports (Merchandise and Services combined) in April-August 2022 are estimated to
be USD 311.82 billion, exhibiting a positive growth of 19.72 percent over the same period last year.
Overall imports in April-August 2022 are estimated to be USD 390.91 billion, exhibiting a positive
growth of 43.78 percent over the same period last year.
IBBI to fix minimum fee slabs from October 1,2022 for insolvency professionals


The Insolvency and Bankruptcy Board of India (IBBI) has prescribed minimum fee slabs for
resolution professionals representing bankrupt firms from October 1, 2022 onwards so that such
professionals are adequately compensated.
Resolution professionals(RP) are enrolled with IBBI and they are involved in the dissolution
process of an insolvent individual or firm. The change attempts to secure the financial independence
of such professionals who have to take important decisions to address the interests of both lenders and
borrowers during the insolvency process.The new rules have also paved the way to allow lenders to
pay resolution professionals based on how soon a resolution plan is finalized. The regulator has
specified five such slabs of fee payment which are as follows:
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Learn Along:
IBBI
Quantum of Claims Admitted
Minimum fee per month (Rs Lakh)
50 crore or less
1 Lakh
50 core to 500 crore
2 Lakh
500 crore to 2500 crore
3 Lakh
2500 crore to 10000 crore
4 Lakh
10000 crore and more
5 Lakh
Headquarters: New Delhi
Chairperson: Ravi Mittal
DHL Supply Chain to invest 500-mn Euro in India over next 5 years


Contract logistics provider DHL Supply Chain will invest 500 million Euro (around Rs 4,000 crore)
in India over the next five years to expand its warehousing capacity, workforce, and sustainability
initiatives.With this expansion, DHL Supply Chain will add 12 million sq ft of warehousing space in its
existing portfolio to take its total capacity to about 22 million sq ft by 2026.
The company will add this 12-million square feet of capacity in wholly-owned DHL multi-client sites in
key metro cities such as Bangalore, Chennai, Kolkata, Mumbai, NCR, and Pune, to cater to growing
sectors such as e-commerce, retail, consumer, manufacturing as well as automotive.It also plans to
double its workforce in India to around 25,000 people by 2026, and make its entire intra-city fleet
into green transport by 2025.
Learn Along:
DHL
Headquarters: Germany
CEO: John Pearson
Govt integrates Udyam portal with jobs portal National Career Service for access to manpower data


Ministry of MSME launched the integration of the Udyam registration with the government’s jobs
portal National Career Service (NCS) for MSMEs to access the employable manpower database with
NCS.These services will relate to credit facilitation, skilling, and recruitment with an aim to further
formalise the economy and enhance entrepreneurial opportunities for all.
MSME ministry also signed a memorandum of understanding with the Common Service Centre in
connection with the Udyam portal. The partnership will expand the handholding support to
enterprises residing in remote areas and help them avail benefits of government schemes and
priority sector lending.
Learn Along:
National Career Service is a Five Year Mission Mode Project launched on 20th July, 2015. The project is being
implemented by Ministry of Labour & Employment. National Career Service (NCS) is a one-stop solution that provides
a wide array of employment and career related services to the citizens of India. It works towards bridging the gap
between jobseekers and employers, candidates seeking training and career guidance, agencies providing training and
career counselling.
India’s WPI inflation eases to 12.41% in Aug; wholesale price remains in double digits for 17 months
straight
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September 2022


India’s WPI inflation eased to 12.41 percent in August, against 13.93 percent in July. Despite the
cool-off in August, WPI continued to remain in the double digits for the 17th straight month beginning
April 2021.Inflation in August 2022 is primarily contributed by rise in prices of mineral oils, food articles,
crude petroleum & natural gas, basic metals, chemicals & chemical products, electricity, food products
etc. as compared to the corresponding month of the previous year.
Primary Articles registered a growth of 14.93 percent in August 2022, as compared to a growth of
5.93 percent in the corresponding period of the previous year. For the fuel and power segment, the
WPI inflation number eased to 33.67 percent last month from 43.75 percent in July. The manufactured
products segment eased to 7.51 percent in August from 8.16 percent in the month prior.
Learn Along:
Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the
overall increase in prices or the increase in the cost of living in a country.
Wholesale Price Index- WPI is released by the Economic Advisor in the Ministry of Commerce and Industry. It reflects
changes in the average prices of goods at the wholesale level — that is, commodities sold in bulk and traded between
businesses or entities rather than goods bought by consumers. The purpose of WPI is to inspect movement in prices
of goods that reflect supply and demand in industry, construction and manufacturing. The index basket of WPI
categorises commodities under three groups — primary articles, fuel and power & manufactured products. The base
year for WPI is considered to be 2011-12.
Amazon to set up 3 solar farms in India

Amazon will set up three solar farms in Rajasthan with a combined capacity of 420 megawatts (MW).
This will be the first time that the e-commerce major is setting up a solar farm in the country. These
would include a 210 MW project to be developed by ReNew Power, a 100 MW project to be developed
by Amp Energy India, and a 110 MW project to be developed by Brookfield Renewable Partners.Further,
Amazon will also set up 23 new solar rooftop projects – with a capacity to generate an additional
4.09 MW of power — across 14 cities in India.
Learn Along:
Amazon
ReNew Power
Headquarters: Washington,US
Headquarters:Gurugram
CEO: Andy Jassy
Chairman & MD:Sumant Sinha
MSME Ministry appoints ECGC to implement CBFTE scheme for First Time MSE Exporters

The Ministry of Micro, Small and Medium enterprises (MSMEs) has appointed Export Credit
Guarantee Corporation of India (ECGC) as the implementing agency for the ‘Capacity Building of
First Time MSE Exporters’ (CBFTE) component of the International Cooperation (IC) Scheme.An
exporters will be entitled to a maximum reimbursement of Rs 10,000 or actual, whichever is lower
during the ongoing financial year.
Learn Along:
Ministry of MSME
ECGC
Union Minister: Narayan Rane
Headquarters: Mumbai
Chairman: M. Senthilnathan
The CBFTE scheme aims to encourage MSMEs to offer services and products of international standards for the global
market, enhancing the participation of Indian MSMEs in the global value chain. It will help the MSMEs realise their
export potential.It will ease the export process for first-time exporters in terms of monetary support, certification-related
support, etc. The PM stated that the MSMEs should aim at the global market irrespective of their product size.
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September 2022
Gujarat gets over Rs 2.8K-crore loan from World Bank for health care

The World Bank has approved a USD 350 million (over Rs 2,832 crore) loan to Gujarat for spending
towards public healthcare services, focussed specially on adolescent girls and disease surveillance.The
funding will come from World Bank arm International Bank of Reconstruction and Development
(IBRD), carrying a maturity of 18 years including a grace period of 5.5 years.
Learn Along:
World Bank
Headquarters: Washington DC,US
President:David Malpass
The International Bank for Reconstruction and Development (IBRD) is a global development cooperative owned
by 189 member countries. As the largest development bank in the world, it supports the World Bank Group’s mission
by providing loans, guarantees, risk management products, and advisory services to middle-income and creditworthy
low-income countries, as well as by coordinating responses to regional and global challenges.
Centre sanctions Rs 39,000-crore special central capex support to 16 states

The Centre has sanctioned about Rs 39,000 crore, or about 50% of the unconditional component
of the interest-free 50-year capex loans, to 16 states so far in the current financial year.The
beneficiary states so far include Uttar Pradesh, Karnataka, Maharashtra, Bihar, Chattisgarh, Goa,
Manipur, Nagaland, Sikkim and Himachal Pradesh, among others. Most of the approvals were for
ongoing projects and clearing pending capex bills, as well as some new projects.
Learn Along:
Capital expenditure is the money spent by the government on the development of machinery, equipment, building,
health facilities, education, etc. It also includes the expenditure incurred on acquiring fixed assets like land and
investment by the government that gives profits or dividend in future.
Reliance New Energy to acquire 20% stake in US-based Caelux for $12 mn

Reliance New Energy Limited (RNEL) ,the wholly-owned subsidiary of Reliance Industries Ltd (RIL)
signed definitive agreements to acquire 20 percent stake for $12 million in Caelux Corporation, a
company engaged in the development of perovskite-based solar technology.The investment will
accelerate product and technology development for Caelux, including the construction of its pilot
line in the United States, for accelerating the commercial development of its technology.
Learn Along:
RIL
Headquarters: Mumbai
CEO: Mukesh Ambani
Caelux Corporation
Headquarters: California,US
CEO: Scott Graybeal
Sterling & Wilson wins $1.5-billion solar plants order from Nigerian govt

Sterling & Wilson Renewable Energy has bagged a USD 1.5-billion order from the government of
Nigeria, along with its consortium partner Sun Africa, for setting up solar PV power plants.The order
involves the development, design, construction, and commissioning of solar PV power plants
aggregating 961 MW at five locations along with battery energy storage systems with a total installed
capacity of 455 MW.
Learn Along:
Sterling & Wilson
Headquarters: Mumbai
CEO: Amit Jain
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September 2022
Tata Steel to absorb 7 group companies, simplify holding structure

In a major move to consolidate its metals and mining businesses and simplify the holding structure, the
Tata Steel board has approved the merger of six subsidiaries and an associate company into the
steel major. The decision involves listed entities — Tata Steel Long Products, The Tinplate Company of
India, Tata Metaliks, and TRF.The proposed amalgamations are aimed at enhancing management
efficiency and driving sharper strategic focus across businesses, based on the parental support
from Tata Steel leadership.
Learn Along:
Tata Steel
Headquarters: Mumbai
CEO: T.V Narendran
Ageas Federal Life Insurance becomes the first life insurer with foreign partner as majority
stakeholder

Ageas Federal Life Insurance (AFLI) has become the first life insurance company in India to have
a 74% stake held by a foreign partner after Belgium-based Ageas Insurance International completed
the acquisition of the 25% stake in the life insurance joint venture (JV) from IDBI Bank.Ageas has
acquired the additional 25% stake of IDBI Bank in Ageas Federal Life Insurance for a total cash
consideration of Rs 580 crore.
Learn Along:
Ageas Federal Life Insurance
Registered Office: Mumbai
CEO: Vighnesh Shahane
BPCL signs pact with Brazil’s Petrobras to diversify crude oil sourcing

State-owned Bharat Petroleum Corporation Ltd (BPCL) has signed an agreement with Brazilian
national oil company Petrobras for sourcing crude oil as part of plans to diversify its sourcing
needs.BPCL imports a large volume of crude oil which is turned into fuel such as petrol and diesel at its
three oil refineries at Mumbai, Bina in Madhya Pradesh and Kochi in Kerala.The firm, which gets
majority of its supplies from west Asian nations such as Iraq and Saudi Arabia, is looking to diversify
its sources of supply in an attempt to cut down reliance on any particular region.
Learn Along:
BPCL
Petrobras
Headquarters: Mumbai
Headquarters: Rio de Janeiro, Brazil
CMD: Arun Kumar Singh
CEO: Rio de Janeiro, State of Rio de Janeiro, Brazil
‘Make in India’ completes 8 years, annual FDI doubles to USD 83 billion

Make in India, the flagship program of the Government of India that aspires to facilitate investment,
foster innovation, enhance skill development, and build best-in-class manufacturing infrastructure,
completes 8 years of path-breaking reforms on 25th September 2022. FDI inflows in India stood at
US $ 45.15 billion in 2014-2015 and have since consecutively reached record FDI inflows for eight
years. The year 2021-22 recorded the highest ever FDI at $83.6 billion. This FDI has come from 101
countries, and invested across 31 UTs and States and 57 sectors in the country. On the back of economic
reforms and Ease of Doing Business in recent years, India is on track to attract US$ 100 Bn FDI in
the current financial year.
Learn Along:
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September 2022
Make in India is a major national program of the Government of India designed to facilitate investment, foster
innovation, enhance skill development, protect intellectual property and build best-in-class manufacturing infrastructure
in the country. The primary objective of this initiative is to attract investments from across the globe and strengthen
India’s manufacturing sector. It is being led by the Department for Promotion of Industry and Internal Trade (DPIIT),
Ministry of Commerce and Industry, Government of India.
A foreign direct investment (FDI) is an investment made by a firm or individual in one country into business
interests located in another country. Generally, FDI takes place when an investor establishes foreign business
operations or acquires foreign business assets in a foreign company.
India to set climate resilient urban growth as G-20 infra agenda

India will focus on climate resilient urban infrastructure growth as the next president and host of
Group of 20 nations. The developing economies need to expand urban areas in a sustainable
manner. This is because a bulk of the migration in emerging economies is from rural to urban areas. The
developed G-20 members, on the other hand, have to deal with decaying infrastructure in cities.
Hence, the focus is on infra overhaul and rejuvenating urban areas.
Learn Along:
The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from 19
countries and the European Union (EU). Founded in 1999 with the aim to discuss policy pertaining to the promotion
of international financial stability.
Rs 100 cr additional package for small businesses; exemptions for exporters approved by Rajasthan

Rajasthan has approved an additional financial support of Rs 100 crore for a scheme to promote small
businesses. The Rajasthan Government also approved multiple exemptions to boost local exporters.
The reimbursement amount to be received by exporters under the reimbursement scheme for
participating in international trade fairs, exhibitions and business service management (BSM) has
been increased to 50 percent from 30 percent. The period of the scheme has also been extended till
March 31, 2025.
Learn Along:
About Rajasthan
Capital: Jaipur
CM: Ashok Gehlot
Governor: Kalraj Mishra
OECD retains India GDP growth projection at 6.9 pc for FY’23; global growth 2.2 percent in 2023

Economic grouping OECD in a report retained the GDP growth projections for India at 6.9 per
cent for the current financial year despite the global economy losing momentum in wake of the RussiaUkraine war.The projection by the Organisation for Economic Cooperation and Development (OECD) is
lower than the Reserve Bank’s growth forecast of 7.2 for 2022-23. The growth last year (2021-22) was
8.7 percent.
Learn Along:
OECD
Headquarters: Paris (France)
Secretary-General: Mathias Cormann
S&P to include hacking risks in the credit rating of Asia-Pacific banks

With the surge in inter-connected banking on digital platforms, global rating agency Standard
and Poor’s (S&P) is incorporating risks of hacking into the rating of financial institutions.The
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September 2022
reason behind such a decision is that Asia-Pacific banks have been hacked before and will be hacked
again, adding that the region's ever-more open and interconnected banking systems raise the
threat of hacks and data breaches. In jurisdictions where the entire industry suffers serious data
breaches repeatedly, or where regulators are particularly lax, negative ratings momentum can occur.
Learn Along:
S&P Global
Headquarters: New York,US
CEO: Douglas L. Peterson
S&P Global projects India’s FY23 GDP growth at 7.3%; estimates inflation to fall to 5% in next fiscal

S&P Global Ratings projected India’s economic growth at 7.3 per cent for FY23 with downside risks.
On inflation, S&P Global Ratings pegged the average rate in the current fiscal at 6.8 per cent and
projected it to fall to 5 per cent in FY24 beginning April 2023.
ICRA maintains 7.2% GDP forecast for FY23, sees pick-up in govt expenditure

Citing revival in contact-intensive services and a pick-up in government and private expenditure, rating
agency ICRA retained its previous growth forecast of 7.2 per cent for the current fiscal.

At 7.2 per cent, the number is marginally higher than most consensus forecast of 7 per cent and 10 bps
lower than what S&P forecast.
Learn Along:
ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by
leading financial/investment institutions, commercial banks and financial services companies as an independent and
professional investment Information and Credit Rating Agency.
ICRA
Headquarters: Gurugram
CEO & MD : Ramnath Krishnan
ICRA revises outlook on Indian airport infra to stable from negative


Credit ratings agency ICRA revised the outlook on Indian airport infrastructure to 'Stable' from
'Negative' amid expectations that passenger traffic will surpass pre-pandemic level between
September,2022 to August,2023.
It also estimates that domestic passenger traffic will reach pre-COVID levels by the March quarter this
fiscal year, while the international traffic is expected to see full recovery in the second quarter of fiscal
year starting April 2023.
Uttar Pradesh tops GeM chart with GMV of more than Rs 24,000 crore

The Uttar Pradesh government has emerged as the top buyer on the Government e-Marketplace
(GeM) portal with a gross merchandise value (GMV) of more than Rs 24,000 crore.In UP, nearly
14,000 buyers and 428,000 sellers are onboard the platform. The Centre felicitated UP with the Best
Buyer Award in 2018 and Super Buyer Award in 2019. Across India, the GeM portal reported a total
GMV of Rs 1 trillion in 2021-22, while the total value of the procurement since its commissioning
crossed its Rs 3-trillion benchmark. At present, about 62,000 government sector buyers and 5.1
million sellers and service providers are registered with GeM.
Learn Along:
The Government e-Marketplace is an online platform for public procurement in India. The initiative was launched on
August 9, 2016, by the Ministry of Commerce and Industry, Government of India with the objective to create an open
and transparent procurement platform for government buyers. Prashant Kumar Singh is the CEO of this platform.
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September 2022
Govt commits Rs. 7,385 crore under FFS for Startup India Investment for 88 AIFs; 720 startups
supported


Fund of Funds for Startups (FFS), launched under Startup India initiative in 2016 has committed
Rs. 7,385 crore to 88 Alternative Investment Funds (AIFs). These AIFs in turn have invested Rs.
11,206 crore in 720 startups.FFS has announced with a corpus of Rs. 10,000 crore.
FFS has not only made capital available for startups at early stage, seed stage and growth stage but
also played a catalytic role in terms of facilitating raising of domestic capital, reducing dependence on
foreign capital and encouraging home grown and new venture capital funds. Collectively, the AIFs
supported by FFS have a target corpus of over Rs. 48,000 crore.
Learn Along:
Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately
pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign, for
investing it in accordance with a defined investment policy for the benefit of its investors.
Fund of Funds is a multi-manager investment fund that helps the startups by reducing the risk of investing in bonds,
stocks and other types of securities. The fund of funds can be domestic or international. The scheme allows the startups
to be registered with DPIIT for tax benefits, easier compliance, IPR fast-tracking and self-certification on labour laws.
Cabinet hikes dearness allowance for central govt employees to 38%

The Union Cabinet hiked dearness allowance (DA) and dearness relief (DR) for the central government
employees by 4 percentage points to 38 per cent of basic pay.The move will benefit about 4.8 million
central government employees and 6.9 million pensioners. The decision will be effective from July
1, 2022.
Learn Along:
Dearness allowance is a cost of living adjustment that the Government pays to public sector employees and
pensioners. It is calculated as a percentage of basic salary to curb the effect of inflation.
Dearness relief means a relief granted to pensioners including family pensioners due to inflation in prices and shall
be granted at such rates and subject to such conditions, as the State Government may specify, from time to time.
CERC extends price cap on power exchanges till Dec 2022 amid rising demand

In view of power demand rising in the coming months, the Central Electricity Regulatory Commission
(CERC) has extended the cap on spot power prices till December 2022. The maximum ceiling price
that can be quoted at the power exchanges is Rs12/kWh.The move was in line with the coal shortage
in the country leading to a power crisis in states. To deter the power sellers taking advantage of the
situation and inflating the sale prices, the Commission capped the ceiling tariff of the spot market.
Learn Along:
CERC
Headquarters: New Delhi
Chairperson: P. K. Pujari
Government approves 22nd tranche of electoral bonds; sale from October 1-10,2022

Ahead of assembly elections in Gujarat and Himachal Pradesh, the government approved the
issuance of 22nd tranche of electoral bonds that will open for sale on October 1, 2022.State Bank
of India (SBI), in the 22nd phase of sale, has been authorized to issue and encash electoral bonds
through its 29 authorized branches from October 1-10,2022.
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September 2022
Learn Along:
SBI
Headquarters: Mumbai
Chairperson: Dinesh Kumar Khara
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to
bring transparency in political funding. An electoral bond will be valid for 15 days from the date of issuance. No payment
would be made to any political party if the bond is deposited after expiry of the validity period, the statement
said.Electoral bonds can be purchased by Indian citizens or entities incorporated or established in the
country.Registered political parties that have secured not less than 1 per cent of the votes polled in the last Lok Sabha
or legislative assembly election are eligible to receive funding through electoral bonds.
Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps to $125.22 billion in AprilAugust

India’s current account deficit (CAD) in April-June was at $23.9 billion, or 2.8 per cent of gross
domestic product (GDP), much higher than the $13.4 billion, or 1.5 percent of GDP, in January-March
2022India had recorded a current account surplus of $6.6 billion, or 0.9 percent of GDP, in April-June
2021. The CAD for FY22 was 1.2 percent of GDP, or $38.7 billion.Underlying the current account deficit
in Q1:2022-23 was the widening of the merchandise trade deficit to US$ 68.6 billion from US$ 54.5
billion in Q4:2021-22 and an increase in net outgo of investment income payments. During AprilAugust, India’s trade deficit rose to $125.22 billion versus $53.78 billion the same time last year.
Learn Along:
Current Account Deficit (CAD) is the shortfall between the money received by selling products to other countries and
the money spent to buy goods and services from other nations.
A current account surplus means an economy is exporting a greater value of goods and services than it is importing.
A country with a current account surplus will have a deficit on the financial/capital account. i.e. a country with a current
account surplus will have surplus foreign exchange it can use to invest in other countries.
Centre cuts FY23 borrowing target by Rs 10k cr amid robust tax collections

The Centre has reduced its borrowing target for the financial year 2022-23 (FY23) by Rs 10,000 crore
to Rs 14.21 trillion amid robust tax collections.The government will borrow Rs 5.92 trillion, or 41.6
percent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign
green bonds of Rs 16,000 crore.
Learn Along:
Green bonds are fixed-income instruments designed to finance projects that have been specifically earmarked as
climate or environment-related. A green sovereign bond is simply a green bond that has been issued by a sovereign
government.
Companies can now register themselves as insolvency professionals

According to the latest amendment made by Insolvency and Bankruptcy Board of India (IBBI),
Insolvency professional entities (IPEs) can now register themselves as insolvency professionals
and perform all their functions, including managing operations of a company undergoing insolvency
proceedings. Earlier, the regulations only allowed the IPEs to provide support services to insolvency
professionals.The move will revive a business, and individuals serving as insolvency
professionals might be met with limitations while dealing with the various types of issues that
pop up in a company’s operations due to lack of time and, in certain cases, expertise.
Learn Along:
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Monthly BeePedia
September 2022
Insolvency Professional are enrolled with an Insolvency Agency and they are involved in the dissolution process of
an insolvent individual, companies, LLPs or partnerships. These professionals are authorised to act on behalf of such
insolvent individual, companies etc.During the bankruptcy situation, the insolvency professionals play a vital role in
liquidating the entity assets and other settlement processes. This process has gained momentum with the government
bringing in strict norms through Insolvency and Bankruptcy Code.
India’s external debt declines by USD 2.5 billion in Q1 FY23

India’s external debt during the first quarter of 2022-23 declined by USD 2.5 billion to USD 617.1
billion over the end-March 2022.The external debt to GDP ratio declined to 19.4 percent at end-June
2022 from 19.9 percent at end-March 2022.
Learn Along:
The debt-to-GDP ratio is the ratio of a country’s debt to its gross domestic product (GDP). Expressed as a percentage,
the ratio is used to gauge a country’s ability to repay its debt. In other words, the debt-to-GDP ratio compares a country’s
public debt to its annual economic output.
Externa Debt- It refers to money borrowed from a source outside the country. External debt has to be paid back in the
currency in which it is borrowed.External debt can be obtained from foreign commercial banks, international financial
institutions like IMF, World Bank, ADB etc and from the government of foreign nations.
EPFO adds 18.23 lakh subscribers in July ,2022


Retirement fund body EPFO added 18.23 lakh, new subscribers, in July 2022, registering a 24.48
percent rise as compared to the year-ago period.The provisional payroll data of Employees’ Provident
Fund Organisation (EPFO) highlights that around 10.58 lakh members have come under the social
security cover of EPFO for the first time.Out of 10.58 lakh new members added, approximately 57.69
percent are in the age group of 18-25 years. This shows that first-time job seekers are joining the
organized sector workforce in large numbers .
Gender-wise analysis of payroll data indicates that enrolment of net female members has been 4.06
lakh in July 2022, up by 34.84 percent compared to that in July 2021.During the month, the states of
Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat and Delhi continue to remain in lead by
adding approximately 12.46 lakh net members during a month, which is 68.36 percent of the total net
payroll addition across all age groups.
Learn Along:
EPFO is a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952
and is under the administrative control of the Ministry of Labour and Employment
EPFO
Headquarters: New Delhi
Central PF Commissioner: Neelam Rao
Recent Developments & MoUs -
Organization Name
News
Learn Along
Reliance Industries &
Qualcomm
Chipset platforms- Global chip design company, Qualcomm Inc, is
working with Reliance Jio to provide its chipset platforms for the Open
RAN 5G network. The US chip design company is helping indigenous
manufacture of 5G FWA customer equipment, working with mobile device
makers to enable stand alone 5G phones and also reduce their prices
Reliance
Industries
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Headquarters:
Mumbai
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
CMD: Mukesh
Ambani
Qualcomm
Headquarters:
US
CEO: Cristiano
Amon
KP Energy &
Aditya Birla Group
Wind Energy Projects- KP Energy has bagged an order worth Rs 222
crore to develop wind energy projects for Aditya Birla Group. The alignment
has been signed for the development of the wind power project at Bhungar
and Fulsar Site in Mahuva, Bhavnagar, Gujarat, under the Gujarat
hybrid power policy 2018.
Aditya Birla
Group
Headquarters:
Mumbai
CEO: Ajay
Srinivasan
Tata Steel &
Dutch Firms
HDFC Bank
Hygrogen Usage for Manufacturing- Tata Steel Nederland has signed
contracts with three Dutch companies to collaborate on using hydrogen
for manufacturing steel at its Ijmuiden facility in The Netherlands.Tata
group company has tied up with McDermott, Danieli and Hatch to shift
to green steel manufacturing in a clean environment as fast as
possible. All three companies have their specific expertise that collectively
is needed to help Tata Steel shape and deliver the hydrogen-based steel
manufacturing
New Branches- HDFC Bank will open 207 branches and 80 smart
banking lobbies in Maharashtra this financial year. It plans to hire more
than 3,000 employees across the state.The new branches will be spread
across Maharashtra and will cover all 34 districts. As many as 90 of the
branches will be located in metro and urban areas and the remaining
117 in semi-urban and rural areas.
HDFC Bank
&
IEG
POSCO &
ZeroC
HDFC Bank Chair of Banking and Finance-HDFC Bank has signed a
memorandum of understanding with the Institute of Economic
Growth (IEG) to fund a chair to carry out independent research known as
HDFC Bank Chair of Banking and Finance. The bank will support IEG
for over five years with a funding support of ₹6.75 crore, with effect
from 1 September,2022.
Green Hydrogen- Global steelmaker POSCO signed a memorandum of
understanding (MoU) with ZeroC, a subsidiary of renewable energy
company Greenko to make green hydrogen, and to jointly pursue
opportunities in renewables, and other derivatives of green hydrogen. This
MoU will contribute to the mission of making India a green hydrogen
hub.
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Tata Steel
Headquarters:
Mumbai
CEO: T.V
Narendran
HDFC Bank
Headquarters:
Mumbai
CEO:
Shashidhar
Jagdishan
-
POSCO
Headquarters:
Pohang-si,
South Korea
CEO: JeongWoo Choi
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
Muthoot Fincorp &
IME India
Money Transfer Service-Muthoot FinCorp Ltd has tied up with IME India
Pvt Ltd to expand its money remittance services between Indo-Nepal
corridor. The new tie up with IME India, Muthoot FinCorp will be able to
serve a larger mass of Nepalese living in India and is looking forward
to creating a larger ecosystem with quick and reliable service.
Muthoot
Fincorp
Headquarters:K
ochi
CEO: Shaji
Varghese
Suzuki &
NDDB
StrideOne &
ZipLoan
Biogas Demonstration Project-Suzuki Motor Corporation (SUZUKI) has
signed a memorandum of understanding with the Indian government
agency National Dairy Development Board (NDDB), to start a Biogas
Demonstration Project which would accelerate carbon neutrality in
India.SUZUKI and NDDB will study business model for the future
commercialization of biogas and its potential for widespread use, in
view of establishing a joint venture.
Suzuki Motor
MSME Lending- Fintech platform StrideOne and digital lender to
MSMEs ZipLoan entered into a partnership to dive deeper into the
MSME credit space. StrideOne is building a digital banking platform for
startups and their ecosystem. The partnership will enable them to cater
to the MSMEs too with access to ZipLoan’s customer base.
StrideOne
Headquarters:
Hamamatsu,
Japan
CEO: Osamu
Suzuki
Headquarters:
Gurugram
Founder:
Ishpreet Gandhi
ZipLoan
Headquarters:N
ew Delhi
CEO: Kshitij Puri
Bank of
Baroda,Snapdeal.NPCI
& JCB Internatioal Ltd.
Snapdeal BoB JCB RuPay Credit Card- BOB Financial Solutions Ltd
(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 Co. Ltd. have launched the
“Snapdeal BoB JCB RuPay Credit Card”. Users of the co-branded
contactless credit card will receive up to 5 per cent unlimited cashback
(accrued as 20 reward points on every ₹100 spent) on the Snapdeal app
and website
Bank of
Baroda
Headquarters:
Vadodara
CEO: Sanjiv
Chadha
NPCI
Headquarters:
Mumbai
CEO: Dilip Asbe
Smiths Detection &
BEL
Screening Technologies in India- Smiths Detection has signed a
memorandum of understanding with Navratna Defence PSU (public
sector undertakings) Bharat Electronics Limited (BEL) for the
manufacture of advanced X-ray screening technologies in India & will
help both firms to meet India’s domestic security needs. The MoU is for
five years and can be extended further by mutual consent.
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BEL
Headquarters:
Bengaluru
CMD: Dinesh
Kumar Batra
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
PwC &
Coursera
Bridge skill gap in taxation space- PwC and platform Coursera have
entered into a partnership to address India’s current and future skill
gap in the taxation space.The professional services firm has partnered
with the online learning platform to build two entry-level professional
certificates – GST Tax Executive and Direct Tax Executive – aimed at
achieving skilling at scale and creating greater employment
opportunities.
PwC
Indulsnd Bank &
ADB
Supply Chain Financing- IndusInd Bank has announced a strategic
partnership with Asian Development Bank (ADB) to support and promote
Supply Chain Finance (SCF) solutions in India. The Bank has entered
into a partial guarantee program with ADB with an initial outlay of USD
70 million (Rs560 crore), exclusively towards promoting Supply Chain
Finance solutions in India.IndusInd Bank plans to grow its presence in
MSME financing, and this partnership will further strengthen various
initiatives of the Bank in this domai
Headquarters:
London,UK
Chairman:
Robert E. Moritz.
Indulsnd
Bank
Corporate
Office: Mumbai
Registered
Office:Pune
CEO: Sumant
Kathpalia
ADB
Headquarters:
Manila,
Phillipines
CEO:
Masatsugu
Asakawa
Airtel &
Odisha Utility
Tata 1mg
Axis Bank &
PayNearby
Bill Payment Solution- Bharti Airtel has announced its launching of the
pilot project in partnership with Tata Power Northern Odisha
Distribution. It aims to offer integrated bill payment solutions to its
registered customer base utility of over 20 lakhs in a vast distribution area
containing a population of approximately 97 lakh. With this partnership,
Tata Power Northern Odisha Distribution Limited customers can make
their electricity bills payment at 4000 plus banking ventures of Airtel
Payments Bank in North Odisha.
Turns Unicorn- Online healthtech platform 1mg has turned a unicorn
as it raised approx. $40 million in a fresh funding round led by Tata
Digital. The Tata-owned company is now valued at between $1.25 and
$1.30 billion. Tata 1mg has become a unicorn at a time when late stage
fundraising has become more difficult, and is the 21st startup to
become unicorn this year.
Boost Priority Sector Lending- The partnership between Axis Bank
and PayNearby will aid the private lender in achieving priority sector
lending goals. Axis Bank aims to meet its priority sector lending targets in
an organic manner, taking advantage of PayNearby’s distribution-asservice network of 50 lakh micro businesses. The tie-up will be used to
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Airtel
Headquarters:
New Delhi
MD & CEO:
Gopal Vittal
Tata1mg
Headquarters:
Gurugram
CEO: Prashant
Tandon
Axis Bank
Corporate
Office: Mumbai
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
set up current and savings accounts for both retail and individual
customers in remote areas
Registered
Office :
Ahmedabad
MD &CEO:
Amitabh
Chaudhry
SBI &
WAAREE
Working Capital for channel partners-WAAREE, India's largest Solar
Panel manufacturer, has entered into an agreement with SBI for availing
unsecured financing for solar projects through Surya Shakti Solar
Finance Scheme and providing working capital for Channel Partners under
EDFS (Electronic dealer finance scheme). It intends to leverage over 500
Cr of a credit line and provide a digital platform for a hassle-free
journey to loan applicants for financing solar projects.
SBI
Headquarters:
Mumbai
Chairperson:
Dinesh Kumar
Khara
WAAREE
Headquarters:
Mumbai
CEO: Sharad
Saxena
State Bank of India
Vostro Account- State Bank of India (SBI) is willing to work with Russian
banks to open a special rupee vostro account (SRVA) for invoicing in
-
Indian currency. SBI would not be dealing with many Russian banks and
entities facing sanctions since it has a large presence in developed markets
that have imposed sanctions on Russia.
NIESBUD, IIE &
ISB
Amazon Web Services
&
Telengana Govt
Entrepreneur Prgrammes-The National Institute for Entrepreneurship
and Small Business Development (NIESBUD) and the Indian Institute
of Entrepreneurship (IIE), under the aegis of the Ministry of Skill
Development and Entrepreneurship (MSDE), individually signed a
Memorandum of Understanding (MoU) with the Indian School of Business
(ISB) to offer world class management education through
entrepreneurial programmes targeted towards youth, job seekers and
budding entrepreneurs.This partnership will enable, development and
implementation of two programmes— Business Foundations &
Entrepreneurial Skills and Behavioural Skills Programme by ISB faculty and
industry experts.
Cloud Adoption Framework- Amazon Web Services (AWS) has joined
the government of Telangana to transform its citizen service delivery
by advancing its cloud adoption framework.
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NIESBUD
Headquarters:
Noida
Director :
Poonam Sinha
IIE
Headquarters:
Guwahati
Director: Lalit
Sharma
AWS
Headquarters:
Seattle,US
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
CEO: Adam
Selipsky
IIT Madras Indian
academic institute &
IBM's Quantum
Network
JSW Steel
&
SMS Group
Quantum computing development and research-Indian Institute of
Technology Madras (IIT-Madras) is the first academic institute in the
country to join an IBM programme promoting quantum computing
development and research.As a member of the IBM Quantum Network,
IIT Madras will get cloud-based access to the American company’s
advanced quantum computing systems and expertise to explore
applications. The network has about 50-53 academic institutes from across
the world.
Carbon reduction projects- JSW Steel signed a memorandum of
understanding (MoU) with SMS group, a German engineering and
technology company, for exploring decarbonization projects at the
Indian firm’s plants. The collaboration would enable the companies to
together explore opportunities to reduce carbon emissions and
produce green steel. The SMS group would provide its experts for design,
engineering consultancy, and commissioning of projects.
IBM
Headquarters:
New York,US
CEO: Arvind
Krishna
JSW Steel Ltd
Headquarters:
Mumbai
MD & CEO:
Prashant Jain
SMS Group
Headquarters:
Düsseldorf,
Germany
CEO: Burkhard
Dahmen
Tata Sons
Vedanta-Foxconn
&
Gujarat Govt
Pune IT City Metro rail project- Tata Sons, holding company of the Tata
group, is investing Rs 975 crore in Pune IT City Metro Rail, a special
purpose vehicle that has won the contract to construct, operate, and
maintain the project connecting Shivaji Nagar and Hinjewadi in the
city. The Pune metro rail is being developed by the Maharashtra and Union
governments, with a 50 percent stake each.
Semiconductor Unit in Gujarat- Vedanta and Foxconn signed an MoU
with the Gujarat government to set up a semiconductor and display
manufacturing unit in the state. Vedanta-Foxconn would invest Rs
1,54,000 crore to set up the facility in Gujarat, which would create one
lakh job opportunities. This MoU is an important step in accelerating
India’s semi-conductor manufacturing ambitions & will also create a
huge ecosystem for ancillary industries and help our MSMEs.
Tata Sons
Headquarters:
Mumbai
Chairman:
Natarajan
Chandrasekaran
Vedanta
Group
Headquarters:
Mumbai
CEO: Sunil
Duggal
Foxconn
Headquarters:
Taiwan
CEO: Young Liu
Vedanta &
Odisha
Rs 25,000 crore fresh investment- Vedanta Resources plans to pump
in another Rs 25,000 crore for expansion of its aluminium,
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Monthly BeePedia
September 2022
Organization Name
Ministry of Panchayati
Raj &
Institute of Rural
Management Anand
(IRMA), Gujarat
News
Learn Along
ferrochrome and mining businesses in the state. With this quantum of
investment, it is contributing nearly four percent to Odisha’s state GDP
through its operations (direct and indirect).
-
Capacity Building of PRIs- The Ministry of Panchayati Raj (MoPR),
Government of India and the Institute of Rural Management Anand
(IRMA), Gujarat will sign a Memorandum of Understanding (MoU) with an
aim to give an impetus to the strengthening and capacity building of
Panchayati Raj Institutions across the country, and to 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).
Ministry of
Panchayati
Raj
Union Minister:
Giriraj Singh
IRMA
Headquarters:
Anand,Gujarat
Chairman: Dilip
Rath
Mastercard
Lighthouse MASSIV &
UNDP
Measurement & management of startups-Mastercard is partnering
with the United Nations Development Programme (UNDP) on
Lighthouse MASSIV: a free of charge startup partnership program
dedicated to helping one billion people live more prosperous and
secure lives by 2025. The purpose of the partnership is to support impact
tech companies on their impact measurement and management and
connect them to the broader United Nations network and initiatives.
Mastercard
Headquarters:
New York, US
CEO: Michael
Miebach
UNDP
Headquarters:
New York,US
Head: Achim
Steiner
Adani Ports &
SPMK
Airtel &
IBM
Haldia Dock Capacity- HDC Bulk Terminal Ltd (HBTL), a wholly owned
subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ),
has signed the concession agreement with Syama Prasad Mookerjee
Port, Kolkata (SMPK) for mechanization of berth no. 2 at Haldia Port.
The mechanization and upgradation of Haldia Bulk Terminal will provide
the opportunity to firmly establish APSEZ’s footprint in Bengal and to
further accelerate ever-growing industry and economy of Bengal.
Secured Edge Cloud Services to Indian Enterprises- IBM and Bharti
Airtel to work together to deploy Airtel's edge computing platform in
India, which will include 120 network data centers across 20 cities.
Once deployed, the platform is designed to enable large enterprises across
multiple industries including manufacturing and automotive to accelerate
innovative solutions that deliver new value to their clients and
operations securely at the edge.
APSEZ
Registered
Office: Gujarat
CEO: Karan
Adani
Airtel
Headquarters:
New Delhi
CEO: Gopal
Vittal
IBM
Headquarters:
New York,US
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Monthly BeePedia
September 2022
Organization Name
News
Learn Along
CEO: Arvind
Krishna
Google &
NASA
3D Solar System Models- Google and NASA have come together to
bring more than 60 3D models of planets, moons and NASA spacecraft
to Google Search and Google Arts & Culture. The new feature will not
only let people view the celestial bodies like Moon or Mars in 3D avatar but
also let them project themselves in the space through Augmented
Reality using phones. They can also view 3D annotations of cells, get
an in-depth knowledge about biological concepts such as skeletal
systems and other such educational models.
Google
Headquarters:
California,
United States
CEO: Sundar
Pichai
NASA
Headquarters:
Washington
DC,US
Administrator:
Bill Nelson
Reliance General
Insurance &
Paytm
Customisable health cover- Reliance General Insurance has partnered
with Paytm to offer Reliance Health Gain Policy, a customisable health
insurance product. Reliance Health Gain Policy offers a bouquet of 38
features and benefits, and gives customers the freedom to customise
and personalise the policy as per their needs.
Reliance
General
Insurance
Headquarters:
Mumbai
CEO: Rakesh
Jain
Paytm
Headquarters:
Noida
Founder: Vijay
Shekhar
Sharma
Whatsapp
BCCI &
Wadhwani Advantage
End-to-end online shopping-Whatsapp will offer a feature on its
platform by the end of the year through which users will be able to discover
catalogues of various retailers/ sellers and place orders for direct
delivery. Users will be able to visit a business icon on Whatsapp
WhatsApp
Headquarters:C
alfornia,US
through which companies like Boat, Netmeds, etc will be reachable.
They will be able to explore their catalogue and place orders.
CEO: Will
Cathcart
SME GrowthDrive- Bombay Chamber of Commerce and Industry
(BCCI) collaborated with not-for-profit Wadhwani Foundation’s SME
initiative Wadhwani Advantage to launch a consulting, networking
and learning initiative SME GrowthDrive. The programme aims to help
2,000 SME members of the chamber grow from 2x to 10x. This initiative
will select and prepare SME entrepreneurs and top Management to be,
BCCI
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Headquarters:
Mumbai
President:
Sourav Ganguly
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
hungry-for-growth, willing to professionalise and committed to
learning.
Wadhwani
Foundation
Headquarters:
New Delhi
CEO: Ajay Kela
SBI &
Remitly
SBI
Meta & Salesforce
Secure and easy remittance to India-For safe and simple remittances
to India, the nation's largest lender, State Bank of India (SBI), has
collaborated with Remitly. The collaboration now enables NRIs to send
money through SBI via Remitly to their family members while using
mobile and web applications. Depending on the form and amount of
transfers, Remitly provides superior exchange rates, immediate credits, and
no remittance charge.
SBI Wecare” Deposit for Senior Citizens-The State Bank of India has
extended the special fixed deposit scheme ‘SBI Wecare’ for senior
citizens till March 31,2023.It is a special deposit for Senior Citizens
introduced in the Retail Term Deposit segment wherein an additional
premium of 30 bps will be paid to Senior Citizen’s on their retail TD for '5
Years and above' tenor only.
WhatsApp biz messaging services-Meta Platforms Inc. entered ito a
partnership with customer relationship management (CRM) software
provider Salesforce to enable its customers answer customer questions,
run marketing campaigns, and sell through WhatsApp business
messages. The partnership will also enable global customers of
Salesforce to use WhatsApp Cloud API. WhatsApp Cloud API is a
service by Meta that allows businesses to send and receive messages
using the cloud-hosted version of its WhatsApp Business API.
Remitly
Headquarters:
Seattle,US
CEO: Matthew
Oppenheimer
-
Meta
Headquarters:
California,US
CEO: Mark
Zuckerberg
Salesforce
Headquarters:
San
Francisco,US
CEO: Marc
Russell Benioff
IDRBT
HDFC Bank &
Refinitiv
New Low-cost Financial Network-The Institute of Development and
Research in Banking Technology, a unit of RBI, has developed a unique
technology that allows people in remote and hilly areas without
satellite signal to access banking services. It is the first to build a
technology based on Long Range Radio Technology (LoRa).
Multi-year data and technology deal- HDFC Bank signed a multi-year
data and technology agreement with Refinitiv, a London Stock
Exchange Group business, to reach more customers and cut costs.It
will thus get comprehensive access to Refinitiv's data and products
under the agreement, enabling cost savings across several bank divisions.
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IDRBT
Headquarters:
Hyderabad
Director:
D.Janakiram
Refinitiv
Headquarters:
New York City,
US (operational);
London,
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
England, UK
(corporate)
CEO: David W.
Craig
Union Bank Of India
Kotak Mahindra Bank
& IIT Madras
Skill India &
Samsung
Samsung
&
Axis Bank
Air India &
Willis Lease Finance
Digitalization of Kisan credit card- Union Bank of India announced an
industry-first, end-to-end digitalization of the Kisan Credit Card product
with a farmer-focused focus as part of the flagship Digital Transformation
initiative Sambhav. The company hopes to increase its effectiveness and
farmer friendliness by digitalizing the KCC financing process.
Kotak IITM Save Energy Mission-Kotak Mahindra Bank Limited and the
Indian Institute of Technology-Madras (IITM) entered into a CSR
partnership to launch Kotak IITM Save Energy Mission. KMBL is funding
IITM to establish five centres across India to promote energy efficiency for
the Micro, Small and Medium Enterprises (MSME) sector. Kotak IITM Save
Energy Mission will engage with IIT Bombay (IITB), IIT Gandhinagar (IITG),
IIT Indore (IITI), and IIT Ropar (IITR) to establish four satellite centres for
carrying out energy efficiency and performance audits and encouraging
adoption of various energy conservation measures in the Indian MSME
sector. These audits will focus on identifying inefficiencies in energy
utilisation, process operations and safety-related concerns. The hub at IITM
will monitor and implement energy assessment activities across India.
Upskill youth in future technologies-The Electronics Sector Skill
Council of India (ESSCI),an NSDC initiative signed an MoU with
Samsung India for a skilling initiative that aims to empower the youth
with industry-relevant skills in emerging technologies such as Artificial
Intelligence, Internet of Things, Big Data and Coding & Programming, in a
bid to enhance their employability.The program, ‘Samsung Innovation
Campus’ aims to upskill over 3,000 unemployed youth from 18-25 years
of age in future technologies, in partnership with the government's
Skill India initiative.
Credit card service in India- Samsung and Axis Bank have partnered
to launch a co-branded credit card service in India. The credit card will
be powered by Visa. The “Samsung Axis Bank credit card” users will be
eligible to get up to 10 percent cash back on Samsung products and
services. The credit card will also grant them exclusive perks and
rewards.In addition to granting offers on Samsung products and
services, the card will also make users eligible to earn rewards on
BigBasket, Myntra, Tata 1mg, Urban Company as well as Zomato.
Replace 34 old engines-Tata Group-owned Air India signed an
agreement with Florida-based Willis Lease Finance to sell 34 old
engines and lease back their fresh replacement in order to reduce
maintenance costs and avoid unpredictable upkeep visits.The 34 old
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Union Bank
of India
Headquarters:
Mumbai
CEO: A.
Manimekhalai
Kotak
Mahindra
Bank
Headquarters:
Mumbai
CEO: Uday
Kotak
Samsung
Headquarters:
South Korea
Chairman:Lee
kun Hee
-
Air India
Headquarters:
New Delhi
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
CFM56-5B engines have been powering Air India’s four A320ceo aircraft
and 13 A321ceo aircraft.
CEO & MD:
Campbell
Wilson
Willis Lease
Finance
Headquarters:
Florida,US
CEO:
Austin.C.Willis
Pepsico
Google & NASA
NSIC &
AMTZ
TerraPay & NPCI
Invest over Rs 1,000 crore in Gorakhpur greenfield project-Indicating
early traction gained by the under-construction 91-km Gorakhpur Link
Expressway, a leading Pepsico beverage bottler is investing more
than Rs 1,000 crore in a greenfield plant in Gorakhpur.Varun Beverages
— the second-largest bottling company of Pepsico in the world outside the
United States — will invest Rs 1,071 crore in the project, the land for
which will be provided by the Gorakhpur Industrial Development
Authority (GIDA).
Better track of air pollution using AI-US space agency NASA has
collaborated with Google to help local government monitor and
predict the air quality. The duo will build advanced machine learningbased algorithms and link space data with Google Earth Engine data
streams to generate high-resolution air quality maps in near real-time.
Google and Nasa have committed to a 2 years agreement & will leverage
their expertise to help local governments make informed decisions about
daily air quality monitoring and forecasts. The results will create cityscale, near real-time estimation and forecasting of harmful pollutants,
such as nitrogen dioxide and fine particulate matter present in the
atmosphere.
Support MSMEs in healthcare-National Small Industries Corporation
(NSIC), an MSME promotion and growth enterprise under the MSME
Ministry, has signed a memorandum of understanding (MoU) with the
Andhra Pradesh Medtech Zone Limited (AMTZ), a medical technology
park for manufacturing modern healthcare devices based in
Visakhapatnam. Through this MoU, both organisations can leverage their
expertise and create excellent opportunities for MSMEs in the healthcare
sector to form global alliances and get access to the latest medical
technologies along with creating skilled manpower for this sector.
Cross-border merchant payments via UPI-enabled QR codes-Crossborder payments company TerraPay entered into a partnership with
National Payments Corporation of India’s (NPCI) international arm
NPCI International Payments Limited (NIPL) to allow merchants in
India with Unified Payments Interface (UPI) ID make and accept crossborder payments. While the collaboration will speed up the usage of UPI
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Pepsico
Headquarters:
New York,US
CEO: Ramon
Laguarta
-
NSIC
Headquarters:
New Delhi
CMD:
P.Udayakumar
TerraPay
Headquarters:
Amsterdam,Net
herlands
CEO: Ambar Sur
Monthly BeePedia
September 2022
Organization Name
News
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apps across different geographies and enhance the digital drive for
cashless transactions, the disputes and grievance redressal issues will
also drastically reduce since UPI payments and QR transactions are
customer-initiated with a two-factor authentication which adds an element
of non-repudiation.
HeroMotocorp
&
HPCL
EV charging infrastructure-Hero MotoCorp has collaborated with
Hindustan Petroleum Corporation Ltd to set up charging
infrastructure for electric two-wheelers in the country. As a part of the
initiative, the two companies will set up charging infrastructure at Hindustan
Petroleum Corporation’s (HPCL) existing network of stations, and might
also will broaden the collaboration for supplementary business
opportunities.
HeroMotocor
p
Headquarters:
New Delhi
CEO: Pawan
Munjal
HPCL
Headquarters:
Mumbai
Chairman & MD:
Pushp Kumar
Bank of Baroda &
HDFC Bank
Tata Group's Airlines
&
CSIR-IIP
Hero Electric
SPARSH initiative-The government’s Defence Accounts Department
(DAD) signed an MoU with Bank of Baroda and HDFC Bank, to onboard
them as Service Centres under the System for Pension Administration
(Raksha) (SPARSH) initiative, across more than 14,000 branches
throughout India. The MoU will onboard more than 7,900 branches of Bank
of Baroda and 6,300 branches of HDFC Bank as Service Centres to provide
last mile connectivity to pensioners, especially those who live in remote
areas of the country and those who do not have the means or
technical facilities to login to SPARSH.
Sustainable Aviation Fuels- Tata Group's airlines - Air India, Air Asia
India and Vistara - signed a Memorandum of Understanding (MoU) with
the Council of Scientific and Industrial Research, Indian Institute of
Petroleum. Its purpose is that the two sides will work together on
research, development and deployment of Sustainable Aviation Fuels
(SAFs). The objective of the MoU is that the two sides will work together in
many other areas related to sustainable aviation. The focus of the MoU will
be on Single Reactor HEFA (Fuel) Technology for Drop-in Liquid
Sustainable Aviation and Automatic Fuel (DILSAAF).
Manufacturing Unit-Hero Electric will set up a greenfield
manufacturing unit in Salarpur industrial area in Rajasthan. The Rs
1,200-crore facility will be spread over 170 acres and have an annual
capacity of manufacturing two million units. The unit is likely to start
manufacturing in 2023. By 2025, it aims to reach a production capacity
of five million units per annum. The company has also installed a new
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Bank of
Baroda
Headquarters:
Vadodara
MD &
CEO:Sanjiv
Chadha
CSIR –IIP
Headquarters:
Dehradun
Director: Anjan
Ray
Hero Electric
Headquarters:
Gurugram
CEO: Sohinder
Singh Gill
Monthly BeePedia
September 2022
Organization Name
News
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manufacturing line in Ludhiana, Punjab. It will increase the production
capacity by 250,000 units per annum.
HDFC Life
&
HDFC ERGO
Click2Protect Optima secure- HDFC ERGO General Insurance
Company Limited has partnered with HDFC Life to launch
Click2Protect Optima secure to offer all-round protection to
customers. With this partnership, the HDFC ERGO aims to provide uncomplicated financial planning for customer by offering the term life
insurance with a minimum sum assured of ₹50,000.Under the health
insurance component, customers can avail a sum insured ranging
from ₹5 Lakh to ₹2 Crore.
HDFC Life
Insurance
Headquarters:
Mumbai
CEO: Vibha
Padalkar
HDFC ERGO
General
Insurance
Headquarters:
Mumbai
CEO: Ritesh
Kumar
Hindustan
Aeronautics Ltd
YUBI
&
SBI
Lendingkart
&
Cholamandalam
Investment and
Finance Company
Rocket engine manufacturing facility for ISRO- The Hindustan
Aeronautics Limited has set up a Rs 208 crore Integrated Cryogenic
Engine Manufacturing Facility (ICMF) that would cater to the entire
rocket engine production under one roof for Indian Space Research
Organisation.
Credit and finance for MSMEs- Corporate debt solution company Yubi
announced a partnership with the country’s largest bank State Bank
of India (SBI) for the latter to integrate with its co-lending marketplace
Yubi Co.Lend for credit to the priority sectors including small
businesses. Yubi will also build, manage and monitor SBI’s co-lending
portfolio and ensure compliance as well. The partnership has the potential
to unlock $1 trillion in capital for Priority Sector Lending in Tier-2,3
and 4 cities, small enterprises, and farmers, which will go towards
scaling their businesses, increased earning power, and the ability to
create value for their communities and the country at large.
Credit and Finance for MSMEs- Digital MSME lender Lendingkart tied
up with financial services company Cholamandalam Investment and
Finance Company to disburse working capital loans to SMEs. The
partnership will have the capacity to disburse at least Rs 250 crore per
annum and help Lendingkart to expand its reach to Tier-2 and 3 cities. The
disbursement process will be undertaken by Lendingkart.
HAL
Headquarters:
Bengaluru
CEO: R
Madhavan
YUBI
Headquarters:
Tamil Nadu
CEO: Gaurav
Kumar
Lendingkart
Headquarters:
Ahmedabad
CEO:
Harshvardhan
Lunia
Cholamandal
am
Investment
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September 2022
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and Finance
Company
Headquarters:
Chennai
CEO: Ramram C
Dept. of
Empowerment of
Persons with
Disabilities & Amazon
Internet Private
Limited
C-DOT &
IIT- Delhi
Amazon India
&
Indian Government
Hero MotoCorp
&
Zero Motorcycles
Provide skill training and employment opportunities for persons with
disabilities- A Tripartite Memorandum of Understanding (MoU) is being
signed amongst Dept. of Empowerment of Persons with Disabilities
(DEPwD), Government of India, Sector Skill Council for Persons with
Disabilities (SCPwD) and Amazon Internet Private Limited. The main
objective of this MoU is to jointly provide skill training and employment
opportunities for persons with disabilities. It also envisages mobilisation
of PwDs for skill training by the DEPwD, designing of job roles for ecommerce sector by SCPwD and providing skill training and hiring of
PwDs.
Cooperation in various emerging areas of Telecom- Centre for
Development of Telematics (C-DOT), and the Indian Institute of
Technology, Delhi (IITD) have signed a Memorandum of
Understanding (MoU) for cooperation in various areas of Telecom
spanning IoT/M2M, AI/ML, Cyber Security and 5G & Beyond
technologies. This MoU aims to evolve a mutually productive framework
for collaboration between R&D and academia to spur the design &
development of wholly indigenous Telecom solutions. This will be an
effective platform for exchange of knowledge and skill amongst students,
faculty and researchers right from the stage of ideation and
conceptualization. The platform would act as a catalyst to further the
transition of novel ideas into market-ready solutions.
Provide jobs to people with disabilities- Amazon India signed a letter
of intent (LoI) with the Department of Empowerment of Persons with
Disabilities, Ministry of Social Justice and Empowerment to engage
with employable youth with a disability. The MoU which extends until
March 2024 will aim to provide skilling and employment opportunities
through Job fairs to tens of thousands of PwD across the country.The
tripartite agreement focuses on skilling, certification, and
entrepreneurship designed to uniquely enable and position PwD
participation in mainstream society. Amazon aims to do this by
creating an environment of acceptance and inclusion and an approach
with a sensitized experience in their skilling experience.
Develop e-bikes- Hero MotoCorp will invest USD 60 million (about Rs
490 crore) in US-based Zero Motorcycles to jointly develop electric
motorcycles.
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Amazon
Internet
Private
Limited
Headquarters:
New Delhi
CEO: Ravindra
Singh
C-DOT
Headquarters:
New Delhi
Executive
Director &
Chairman:
Rajkumar
Upadhyay
Amazon
Headquarters:
Washington,
US
CEO: Andy
Jassy
Zero
Motorcycles
Headquarters:
Scotts Valley,
California
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
CEO: Sam
Paschel Jr.
Indifi
DBS Bank India, HDFC
ERGO & Atradius
Loans to more than 30000 MSME’s-Indifi Technologies, the Gurugrambased fintech lender has disbursed loans worth Rs 2800 crores to
more than 30,000 micro, small and medium enterprises (MSMEs). Out of
the total 50,000 loans disbursed, 20 per cent were to women
entrepreneurs. Within these women-led businesses, 25 per cent of the
loans were given to first time borrowers and 25 percent to businesses
from tier 2,3 and 4 cities. Further, the share of loans disbursed to women
MSMEs within the e-commerce and restaurant delivery verticals was 50 per
cent higher than the retail and offline verticals.
Credit insurance cover to Tata Metaliks-DBS Bank India Limited has
provided a bespoke Credit Insurance – Accounts Receivable solution
to Tata Metaliks, a pioneer in manufacturing pig iron and DI pipes in
India, in collaboration with HDFC ERGO General Insurance Co Ltd and
reinsured by Atradius, a worldwide provider of trade credit insurance.
Through the collaboration between DBS, HDFC ERGO and Atradius, this
solution enables corporates to transfer the risk of their account
receivables onto an insurer while getting financing against those
insured receivables from a bank.
Indifi
Headquarters:
Gurugram
CEO: Alok Mittal
DBS Bank
Headquarters:
Singapore
CEO: Piyush
Gupta
Atradius
Headquarters:
Amsterdam,
Netherlands
CEO: David
Capdevila
Recent Acquistions , Mergers & Launches
Organization Name
News
Amazon
Seller Storage Service-Amazon.com Inc introduced a new service to help
its sellers store bulk inventory and ease distribution to tackle supply chain
issues, the company said in a blog post. In 2023, sellers will be able to
use the new service called Amazon Warehousing & Distribution (AWD)
to send their inventory to any location, including to wholesale customers or
brick-and-mortar stores, the online retailer said. The pay-as-you-go service
will also help sellers significantly cut logistics costs, the e-commerce
platform said, without disclosing specifics.
SBI
CASHBACK SBI CARD- SBI Card has announced the launch of
‘CASHBACK SBI Card’, the first-of-its-kind and the most comprehensive
Cashback credit card in India.The company claims that CASHBACK SBI
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Amazon
Headquarters:
Washington,
US
CEO: Andy
Jassy
SBI
Headquarters:
Mumbai
Monthly BeePedia
September 2022
Organization Name
Syngenta India
Flipkart
RIL &
SenseHawk
News
Learn Along
Card is the industry’s first cashback-focused credit card that enables
cardholders to earn 5% cashback on all online spending without any
merchant restrictions. Targeted at customers across all categories, from
mass to premium, the card offers a simple, seamless, and completely digital
joining experience. Consumers across India, including Tier 2 & 3 cities,
can easily get CASHBACK SBI Card instantly from the comfort of their
homes in just a few clicks through digital application platform ‘SBI Card
SPRINT’.
Chairperson:
Multilingual app for farmers- Crop protection and seed major
Syngenta India has launched a multilingual ‘cropwise grower’
application, which provides farmers with facilities such as digital
agronomy services, farm loan, product scan, drone services, mandi
prices and weather-based advisory.The app, which currently provides
crop advisory services for nine crops including rice, cotton, soyabean and
vegetables, is available to farmers in nine major languages, including
Hindi, Marathi, Tamil, Telugu and Bengali. App-based services would
include personalised crop calendars, nutrient recommendations,
image-based disease diagnostics and credit access to small farmers.
Hotel booking service-E-commerce firm Flipkart is launching a new
hotel-booking service to strengthen itself in the travel sector, providing
superior service as it partners with its travel website Cleartrip.Flipkart
Hotels will provide room bookings at 3 lakh domestic and international
hotels. It will offer customers services like flexible travel and bookingrelated policies, and easy EMI options.
Acquisiton-Reliance Industries has acquired a 79.4% stake in USbased SenseHawk Inc through primary infusion and secondary
purchase, for $32 million (₹255 crore). Founded in 2018, SenseHawk
develops software-based management tools for the solar energy generation
industry. While the transaction will be completed by 2022-end, the deal
marks RIL's entry into new energy.
Dinesh Kumar
Khara
Syngenta
Headquarters:
Basel,
Switzerland
CEO: J. Erik
Fyrwald
Flipkart
Headquarters:
Bengaluru
CEO: Kalya
Krishnamurthy
RIL
Headquarters:
Mumbai
CEO: Mukesh
Ambani
SenseHawk
Headquarters:C
alifornia
CEO: Swarup
Mavanoor
HDFC Bank
SMS Banking facility-The private sector lender HDFC Bank introduced
a new SMS banking facility for its customers. The bank claims that now
customers can access a wide range of banking services round-theclock. 24/7 x 365 no matter where they are. With the new SMS banking
facility, customers can now check account balances & summaries, apply for
loans, manage credit cards, apply for chequebook requests, generate
account statements and more.
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HDFC Bank
Headquarters:
Mumbai
CEO:
Shashidhar
Jagdishan
Monthly BeePedia
September 2022
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HDFC Bank
Bank on Wheels Van-HDFC Bank introduces ‘Bank on Wheels’ van in
Gujarat to take banking to remote villages. As part of the Bank’s newly
carved Rural Banking business, the ‘Bank on Wheels’ van will visit remote
villages located 10 – 25 km from the nearest branch, to further financial
inclusion. Customers can access 21 banking products as well as
services. The van will be operational at each location for a specific
period and will cover 3 villages in a day. Further, the van will visit each
village twice a week.
Flipkart
RIL &
SenseHawk
Hotel booking service-E-commerce firm Flipkart is launching a new
hotel-booking service to strengthen itself in the travel sector, providing
superior service as it partners with its travel website Cleartrip.Flipkart
Hotels will provide room bookings at 3 lakh domestic and international
hotels. It will offer customers services like flexible travel and bookingrelated policies, and easy EMI options.
Acquisiton-Reliance Industries has acquired a 79.4% stake in USbased SenseHawk Inc through primary infusion and secondary
purchase, for $32 million (₹255 crore). Founded in 2018, SenseHawk
develops software-based management tools for the solar energy generation
industry. While the transaction will be completed by 2022-end, the deal
marks RIL's entry into new energy.
Learn Along
-
Flipkart
Headquarters:
Bengaluru
CEO: Kalya
Krishnamurthy
RIL
Headquarters:
Mumbai
CEO: Mukesh
Ambani
SenseHawk
Headquarters:C
alifornia
CEO: Swarup
Mavanoor
HDFC Bank
Ayekart
SMS Banking facility-The private sector lender HDFC Bank introduced
a new SMS banking facility for its customers. The bank claims that now
customers can access a wide range of banking services round-theclock. 24/7 x 365 no matter where they are. With the new SMS banking
facility, customers can now check account balances & summaries, apply for
loans, manage credit cards, apply for chequebook requests, generate
account statements and more.
Agri-related business growth-Fintech platform for farmers and
businesses in agriculture and food value chain Ayekart has raised
funding of $5.5 million which includes equity and debt from corporate
lender Caspian Debt and micro-finance service provider Siply. The fund
will help them reach out to more customers and move towards the goal of
enabling technology and credit access for 10 million traditional businesses
in the next five years. The aim is also to enter in the export market by end
of this year.
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-
Ayekart
Headquarters:
Mumbai
CEO: Debarshi
Dutta
Monthly BeePedia
September 2022
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Life Insurance
Corporation
New Pension Plus- The Life Insurance Corporation (LIC) of India has
introduced New Pension Plan (NPP) – a non-participating, unit linked,
individual pension plan – that may be used by individuals to build corpus
by systematic and disciplined savings, which can be converted into
regular income as annuity on retirement or even as early as 35 years
of age.Like the National Pension System (NPS), it also provides pension
seekers various investment options, out of which an investor may select
the one that suits his/her risk appetite and risk-taking capacity.
LIC
ESAF Bank
Rainbow Savings Account-ESAF Small Finance Bank Ltd launched a
'Rainbow Savings Account' exclusively for the transgender community
offering a host of features, including high savings rate and advanced debit
card facilities.
Headquarters:
Mumbai
Chairperson: MR
Kumar
ESAF Bank
Headquarters:
Thrissur
CEO: K.Paul
Thomas
Reliance General
Insurance &
PolicyBazaar
Reliance Health Gain Policy-Reliance General Insurance launched
one of its most flexible and popular products – Reliance Health Gain
Policy – on Policybazaar’s online platform. Launched in May, the
Reliance Health Gain Policy has since witnessed high demand among
customers because of its features and benefits. The one-of-a-kind policy
gives its customers the freedom to choose and personalise their
health policies as per their requirements. By making the product live on
Policybazaar’s digital distribution channel, this partnership aims to ensure
insurance accessibility for all.
Reliance
General
Insurance
Headquarters:
Mumbai
CEO: Rakesh
Jain
Policy Bazaar
Headquarters:
Gurugram
CEO: Yashish
Dahiya
HCL Tech &
Intel
Centre of Excellence for Digital Workplace-HCL Technologies and Intel
have launched a Centre of Excellence to accelerate the creation and
adoption of industry-tailored Digital Workplace (DWP) offerings.The
Centre of Excellence will leverage HCL’s DWP solutions and Intel’s
technology portfolio to co-create solutions that enable seamless, connected
and secure hybrid workplaces.It will also will also serve as a hub to test
and validate new Digital Technology Platform solutions and
architectures to meet the workload-intensive demands of enterprises
in a hybrid workplace environment.
HCL Tech
Headquarters:
Noida
CEO: C.
Vijayakumar
Intel
Headquarters:
California,US
CEO: Patrick P.
Gelsinger
Max Life Insurance
Smart Flexi Protect Solution- Max Life Insurance Company Ltd has
launched ‘Smart Flexi Protect Solution’, a three-in-one plan that
provides health and enhanced life cover, along with market-linked
investment returns. Smart Flexi Protect Solution’ offers wealth creation
along with comprehensive protection against death, disability and critical
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Max Life
Insurance
Headquarters:
New Delhi
Monthly BeePedia
September 2022
Organization Name
News
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illness. This plan offers five different investment strategies and 11
CEO: Prashant
Tripathy
funds along with return of mortality charges at maturity.
Reliance,
Subhalakshmi
Polysters & SPTex
Axis Bank &
Square Yards
MeitY &
Meta
HDFC Bank &
National EGovernance Services
Limited (NeSL)
ICICI Lombard &
Skit.ai
Adobe &
Figma
Acquisition- Reliance Petroleum Retail, a wholly-owned subsidiary of
Reliance Industries (RIL), has acquired polyester chips and yarn
manufacturers Shubhalakshmi Polyesters (SPL) and Shubhlaxmi
Polytex (SPTex) for a total consideration of Rs 1,592 crore. The
company has acquired SPL for a cash consideration of Rs 1,522 crore and
SPTex for Rs 70 crore in a slump sale on a going concern basis.
Subhalakshi
Polysters
Open Doors-Axis Bank and Square Yards launched the ‘Open Doors’, a
co-branded Home Buyer Ecosystem. Customers looking to purchase a
house can now avail end-to-end home buying assistance, exclusive
builder inventory access, seamless home loan processing and other
ecosystem services, including rental and property management,
home furnishing, and legal and technical services – everything under
one roof in a cost-effective manner
Square Yards
XR technology startups in India-MeitY Startup Hub (MSH) in
collaboration with Meta will launch a program to support and
accelerate XR technology startups across India. This collaboration is
part of the Government’s efforts for skilling in emerging and future
technologies.
India’s first Electronic Bank Guarantee (e-BG)- HDFC Bank, India’s
largest private sector bank, became the first bank in the country to
issue an Electronic Bank Guarantee (e-BG) in partnership with
National E-Governance Services Limited (NeSL). The paper based,
time-consuming process has been eliminated with the new electronic
bank guarantees that can be processed, stamped, verified and
delivered instantly with enhanced security. This is a transformational
change, and the Bank will migrate to e-BG to benefit all its customers.
Digital Voice Agent-ICICI Lombard, launched an AI-powered digital
voice agent in collaboration with Skit.ai, an AI-based SaaS voice
automation platform.The new feature will assist customers with the status
of their insurance claims for health and motor insurance policies. The
voice agent will help in simplifying the complex process of seeking
claim status while focusing on customer experience and empathy.
Boost arsenal of collaborative design tools- Adobe Inc will buy online
design startup Figma for about $20 billion to expand its portfolio of
collaboration-focused platforms geared for the hybrid-work era.The
premier software firm that houses the industry’s most renowned graphics
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Headquarters:
Mumbai
MD: Ajay
Agarwal
Headquarters:
Gurugram
CEO: Tanuj
Shori
Meta
Headquarters:
California,US
CEO: Mark
Zuckerberg
NeSL
Headquarters:
Mumbai
MD & CEO:
Debajyoti Ray
Chaudhuri
ICICI
Lombard
Headquarters:
Mumbai
CEO: Bhargav
Dasgupta
Adobe
Headquarters:
California,US
Monthly BeePedia
September 2022
Organization Name
News
Learn Along
and photo editing applications such as Photoshop and After Effects has
been increasingly venturing into the collaboration tools space.
CEO: Shantanu
Narayen
Figma
Headquarters:
San Fransisco
CEO: Dylan
Field
UpGrad &
Centum Learning
Acquisition- upGrad, a higher edtech company, has acquired
corporate training solutions firm Centum Learning in a share swap
deal. With this transaction, Bharti Enterprises Limited and its affiliates are
joining upGrad’s cap table. Centum is expected to clock a revenue of
₹170 crore in FY23.
upGrad
Headquarters:
Mumbai
CEO: Arjun
Mohan
Centum
Learning
Headquarters:
New Delhi
CEO: Sanjay
Bahl
Jio Cinema OTT &
Viacom18 Media
Merger- CCI has approved amalgamation of the Jio Cinema OTT
platform with Viacom18 Media, following an investment by BTS
Investment and Reliance Projects & Property Management Services.
In April, Reliance Industries Ltd (RIL) and Viacom18 announced a strategic
partnership with Bodhi Tree Systems, where Bodhi Tree will invest Rs
13,500 crore in Viacom18 while Reliance Projects & Property Management
Services, a wholly-owned subsidiary of RIL, will invest Rs 1,645 crore in the
broadcaster as part of the tripartite partnership, to form one of the
largest TV and digital streaming firms in India. Under the partnership,
Reliance’s popular Jio Cinema OTT app will be transferred to
Viacom18.
Mahindra & Mahindra
Google Cloud &
NASSCOM
Acquisition-Mahindra & Mahindra(M&M) Ltd will acquire an additional
17.41 percent stake in Swaraj Engines Ltd from Kirloskar Industries
Ltd (KIL) for Rs 296 crore. The acquisition will result in increasing the
company's stake in Swaraj Engines Ltd (SEL) to 52.13 percent from 34.72
percent.
Skill students for entry-level Cloud jobs- Google Cloud launched the
first cohort of its ‘computing foundations with Kubernetes’ course in
collaboration with FutureSkills Prime, an IT Ministry and Nasscom
digital skilling initiative. It is a beginner-level course that aims to provide
participants an opportunity to experience cloud computing, cloud
basics, big data and machine learning (ML). The course will offer
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RIL
Headquarters:
Mumbai
CEO: Mukesh
Ambani
Viacom18
Headquarters:
Mumbai
CEO: Jyoti S.
Deshpande
Mahindra &
Mahindra
Headquarters:
Mumbai
CEO: Anish
Shah
Google Cloud
Headquarters:
California,US
CEO: Thomas
Kurian
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September 2022
Organization Name
News
Learn Along
hands-on training for diverse career paths including IT infrastructure,
data analytics, Cloud native application development, among others.
The course will be offered free to students at higher education Institutions
and freshers seeking to skill themselves on emerging technologies.
NASSCOM
Headquarters:
New Delhi
Chairperson:
Krishnan
Ramanujam
Airtel & Meta
Airtel IQ Hackathon-Bharti Airtel in association with Meta Platforms,
announced a hackathon that will incentivise companies to use
WhatsApp for Business, to migrate their businesses online. Called the
‘Airtel IQ Hackathon’, the competition will offer prizes worth ₹1 crore,
along with access to ‘free’ WhatsApp Business conversations, and
implementation of the WhatsApp Business application programming
interface (API) to create chat-based business deployments.
Airtel
Headquarters:
New Delhi
CEO: Gopal
Vittal
Meta
Headquarters:
California,US
CEO: Mark
Zuckerberg
ICICI Prudential
Mutual Fund
Aditya Birla Sun Life
Auto Index Fund-ICICI Prudential Mutual Fund has launched India’s
first Auto Index Fund: ICICI Prudential Nifty Auto Index Fund. It is an
open-ended index scheme replicating Nifty Auto Index. The NFO opens on
September 22 and closes on October 06. The Nifty Auto Index is
designed to reflect the behavior and performance of the automobile
segment of the financial market.
ICICI
Prudential
Mutual Fund
Savings-Oriented Life Policy- Aditya Birla Sun Life Insurance (ABSLI)
launched a savings-oriented insurance plan. Named Akshaya Plan, it is
Aditya Birla
Sun Life
Insurance
a non-linked participating individual savings life insurance plan that offers
immediate liquidity option through a cash bonus facility. According to the
insurer, the plan provides the benefit of a comprehensive life
insurance cover along with a regular source of income. The maximum
entry age is 55 years, while the minimum age is 30 days. The minimum
Headquarters:
Mumbai
CEO: Nimesh
Shah
Headquarters:
Mumbai
MD & CEO:
Kamlesh Rao
annualised premium is Rs 24,000.
Reliance Retail
&
Kerala’s Bismi
Acquisition- Reliance Retail is set to buy Kerala‘s main electronics and
grocery retail chain, Bismi which runs 30 massive format shops within
the state with a mixture of digital and hypermarket codecs. Reliance is
in advanced stages of due diligence and the deal is likely to be concluded
before Diwali.
Reliance
Retail
Headquarters:
Mumbai
CMD: Mukesh
Ambani
Bismi
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Organization Name
News
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Headquarters:
Ernakulam,
Kerala
Managing
Director: Ajmal
Va
Vodafone Idea
&
EESL
5 mn IoT-based smart meters in UP, Haryana- Vodafone Idea and stateowned Energy Efficiency Services Limited will install 33.3 lakh
additional smart meters in Uttar Pradesh and Haryana.They have
already have already installed 16.7 smart meters in these two states. The
deployment of smart meters have also helped in improving billing and
collection efficiency and has led to huge upside revenue for the
DISCOMS thereby improving their financial standing.
Vodafone
Idea
Headquarters:
Gandhinagar
CEO: Akshaya
Moondra
EESL
Headquarters:
New Delhi
CEO: Arun
Kumar Mishra
Mahindra Logistics
&
Rivigo
Acquisition- Mahindra Logistics is acquiring the B2B express
business of Gurugram-based logistics firm Rivigo Services, which will
help the company accelerate its capabilities in this space.Mahindra
Logistics Ltd (MLL) will acquire the express business through a business
transfer agreement (BTA), including the customers, team and assets of
Rivigo's B2B express business and its technology platform.
Mahindra
Logistics
Headquarters:
Mumbai
CEO:
Rampraveen
Swaminathan
Rivigo
Headquarters:
Gurugram
CEO: Prabhav
Sharma
HCL Technologies
Union Bank of India
HCLTech- HCL Technologies, India’s third largest IT services player,
launched its new brand identity and logo, HCLTech, with a new brand
statement ‘Supercharging Progress’.The company’s new ‘HCLTech’
brand and logo will be at the heart of its go-to-market strategy and represent
its differentiated portfolio of services and products that supercharge
digital transformation for enterprises at scale.
Ethical Hacking Lab- Union Bank of India inaugurated ‘Ethical Hacking
Lab’ at the Cyber security Centre of Excellence (CCoE) in Hyderabad.
The aim of this unique initiative is to build cyber defence mechanism to
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HCL Tech
Headquarters:
Noida
CEO: C.
Vijayakumar
Union Bank
of India
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September 2022
Organization Name
News
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safeguard the Bank’s Information Systems, Digital Assets, Channels etc.
against potential cyber threats.
Headquaters:
Mumbai
CEO: A.
Manimekhalai
Kotak Realty Fund
&
Embassy REIT
Buys 4.9% stake- Kotak Realty Fund has picked up 4.9 percent stake in
Embassy Office Parks real estate investment trust (REIT) for Rs 1,600
crore. The money invested came from Kotak Investment Advisors’ 12th real
estate fund, which raised $590 million.Meanwhile, Blackstone Group sold
its 4 per cent stake in Embassy REIT to mop up Rs 1,301 crore
Kotak Realty
Fund
Headquarters:
Mumbai
CEO: Vikas
Chimakurthy
Embassy
REIT
Headquarters:
Bengaluru
CMD: Jitendra
Virwani
Razorpay
&
Poshvine
Acquisition- Fintech unicorn Razorpay has acquired fintech startup
PoshVine. The acquisition marks Razorpya’s foray into loyalty and
rewards management. PoshVine will be joining Razorpay with a vision
to build the payment-linked loyalty infrastructure. In this era of evolving
customer needs, banks and merchants are becoming key stakeholders in
the payments ecosystem.
Razorpay
Headquarters:
Bengaluru
CEO: Harshil
Mathur
Poshvine
Headquarters:
Bengaluru
CEO: Richik
Nandi
Reliance Retail
Reliance Centro- Reliance Retail announced the launch of its fashion
& lifestyle departmental store format, Reliance Centro.Centro will have
over 300 Indian and International brands in categories such as apparels,
footwear, cosmetics, lingerie, sportswear, luggage and accessories.
Torrent Pharma
&
Curatio Health
Acquisition- Torrent Pharmaceuticals Ltd is set to acquire Sequoiabacked skincare product manufacturer Curatio Healthcare (I) Pvt. Ltd
for ₹2,000 crore. As part of the deal, Torrent will pay ₹115 crore in cash
and cash equivalent upfront for the 100% stake. The deal will allow
Torrent Pharma to enter the league of top 10 players in the dermatology
segment, and the leader in cosmetic dermatology.
Torrent
Pharma
Headquarters:
Ahmedabad
Chairman:
Sudhir Mehta
Curatio
Healthcare
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September 2022
Organization Name
News
Learn Along
Headquarters:
Chennai,Tamil
Nadu
CEO: Sankar
Dass
Early Salary
Fibe- Digital lending start-up EarlySalary has rebranded itself as Fibe
and aims to fortify its presence by achieving an AUM (Assets Under
Management) of $2.5 billion over the next five years. Fibe aims to expand
operations across verticals to build a large presence in its product lines. It
targets to build a larger network of BNPL partners(Buy Now Pay Later) and
intends to expand its presence in tier III and tier IV cities.
Reliance Retail
Early Salary
Headquarters:
Pune
CEO: Akshay
Mehrotra
AZORTE- Reliance Retail launched a premium fashion and lifestyle
store brand AZORTE in Bengaluru in its bid to amplify its luxury
market presence in the country. It will house premium international and
contemporary Indian fashion merchandise and will have an assortment of
western and Indian wear, footwear, fashion accessories, home, beauty
and more.
SEBI and FINANCIAL AWARENESS
SEBI bans 3 individuals from markets for unauthorized investment advisory

Capital markets regulator SEBI has barred three individuals from the securities markets for providing
unauthorized investment advisory services.The order has been issued against RNS Global Capital and
its proprietors' -- Lakhan Chouhan, Rohit Soni, and Shivani Thakur -- alleging that they were engaged
in unauthorized investment advisory services.
Learn Along:
SEBI
Headquarters: Mumbai
Chairman: Madhabi Puri Buch
SEBI imposes Rs 3 lakh fine on CB Management Services for non-compliance

Markets regulator SEBI has imposed a penalty of Rs 3 lakh on CB Management Services for delaying
the process of issuance of duplicate shares and failing to process transmissions of stocks within the time
limit.Also, it had not maintained signature records of shareholders in certain companies.In another order,
SEBI has levied a fine of Rs 5.5 lakh on Shree Bahubali Stock Broking Limited for its failure to settle
clients' funds/ securities and non-compliance with applicable KYC (Know Your Client) norms.
SEBI restructures panel on cyber security; expands to 6 members

SEBI has restructured its high-level panel on cyber security that suggests measures to safeguard the
capital markets from such attacks. The committee will now be having six members as compared to
four in the previous structure and will be chaired by Navin Kumar Singh, DG at National Critical
Information Infrastructure Protection Centre (NCIIPC).
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SEBI issues guidelines for brokers providing algorithmic trading services

SEBI came out with guidelines for stock brokers, who provide services relating to algorithmic trading
to investors, to prevent instances of mis-selling.The guidelines came after the Securities and
Exchange Board of India (SEBI) observed that certain stock brokers provide algorithmic trading facilities
to investors through unregulated platforms.The unregulated platforms are offering algorithmic
trading services or strategies to investors for automated execution of trades. Thus,such stock
brokers have now been restricted from making any reference to the past or expected future return of the
algorithm as well as associating with any platform that provides any reference to the past or expected
future return of the algorithm.
SEBI gives in-principle approval to Helios Capital to start mutual fund business

Helios Capital has received capital markets regulator SEBI’s in-principle approval to launch a mutual
fund business for which the company had applied in February 2021.The company has joined entities
like Zerodha, Samco Securities and Bajaj Finserv that received SEBI's go-ahead to launch mutual
fund operations.
Former SEBI chief Damodaran to head committee to boost PE/VC investments

The Finance Ministry constituted an expert committee headed by former SEBI chief M. Damodaran
to examine and suggest appropriate measures to address regulatory issues to scale up
investments by venture capital (VC) and private equity (PE).Other members of the committee include
G. Mahalingam, former whole time member of SEBI and executive director of RBI; D.P. Nagesh
Kumar, former member, CBIC; Ashish Verma, former principal chief commissioner of income tax;
Poonam Gupta, director general of NCAER; and Prabhat Ranjan Acharya, director, Arun Jaitley
National Institute of Financial Management.
Learn Along:
Private equity is when a group of investors makes a direct investment in a company. Private equity investors typically
focus on mature companies that are past the growth stage. They will often provide funds to a business that’s in
distress.They will also sometimes buy out a business, improve its operations and then sell it for a profit.
Venture capital (VC) is a form of private equity. The main difference is that while private equity investors prefer stable
companies, VC investors usually come in during the startup phase.Venture capital is usually given to small companies
with incredible growth potential. This type of investment is not easily obtained and tends to be riskier, but VC investors
get involved because of the potential for very high returns.
Entities listed on SSE to submit audited annual impact report – SEBI

The Securities and Exchange Board of India (SEBI) issued a detailed framework for the Social
Stock Exchange (SSE), a regulated structure that will facilitate an additional avenue for social enterprises
to raise funds. The framework lists registration and regulatory disclosures, including filing of audited
annual impact report, for non-profit organisations that want to use the exchange.

The SEBI stated that a non-profit organisation (NPO) looking to register on the SSE must be registered
for a minimum of three years as a charitable trust with a certificate valid at least for the next 12 months at
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September 2022

the time of seeking registration. Annual spending by the entity in the previous financial year must be at
least Rs 50 lakh and it must have had funding of at least Rs 10 lakhs in the said FY.
Social enterprises, raising funds through the SSE, will have to provide an audited Annual Impact
Report (AIR) within 90 days from the end of the financial year. The AIR must include qualitative and
quantitative aspects of the social impact generated by the entity.
Learn Along:
Social Stock Exchange -An SSE allows the listing of non-profit or non-government organisations on stock exchanges,
providing them with an alternative fund-raising structure. It may be listed on BSE or NSE.
Impact reporting means communicating the difference you made to the people you are trying to help, or to the issue
you are trying to improve. Impact reporting often takes the form of an impact report or annual report, but it can also
include: • reports to funders, supporters, investors, and commissioners
SEBI directs credit rating agencies to up firewall with non-rating entities


The Securities and Exchange Board of India (SEBI) directed credit rating agencies (CRAs) to
strengthen the firewall between them and their non-rating affiliates. The new rules will come into
effect from January 1, 2023.
CRAs will now be required to formulate a policy on separation with non-rating entities and document
the same in their internal operational manuals. Further, the nature and extent of sharing of
infrastructure, employees, and resources between the CRA and the non-rating entity will be
required to be specified.Also, SEBI will ensure the independence of its credit-rating process in view of
any such arrangements and provide guidance on sharing of resources by avoiding conflict of interest.
Learn Along:
A credit rating agency is a company that reviews the creditworthiness of an entity that is in the process of or has
already issued debt. The resulting credit ratings are used by investors to evaluate whether they should invest in debt
securities.
SEBI penalizes 19 persons for fraudulent trading in Global Infratech stock

Capital markets regulator SEBI has imposed a penalty of Rs 95 lakh on 19 individuals for indulging
in manipulative trading in the shares of Global Infratech and Finance Limited.They have been
directed to pay the penalty within 45 days.
SEBI rolls out daily price limits framework for commodity futures contracts


Capital markets regulator SEBI came out with a new framework for daily price limit for commodity
futures contracts in a bid to resolve the difference in closing price at domestic exchange and global
stock exchanges.The Indian stock exchanges have informed that closing price on domestic exchange
differs from closing price on international exchanges, after necessary currency conversion, because of a
difference in methodology of calculation of closing price.Due to such differences in closing price, the
aggregate DPL range on domestic exchange may lag behind (either upwards or downwards) the prices
on international exchange in the next trading session.
To resolve the issue, SEBI decided that national price is beyond aggregate DPL range (after
appropriate currency conversion) when compared with closing price on previous day on domestic
exchange, the same maybe further relaxed in stages of 3 percent by the exchange with cooling-off
period of 15 minutes.
Learn Along:
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September 2022
The Daily Price Limits (DPLs) define the maximum range within which the price of a commodity futures contract can
move in one trading session. Such limits protect investors from sudden and extreme price movements and provide a
cooling-off period to re-assess the information and fundamentals impacting the price of the commodity futures contract.
A future contract is a contract between two parties where both parties agree to buy and sell a particular asset of
specific quantity and at a predetermined price, at a specified date in future.
REITs, InvITs with net worth of Rs 100 cr or higher can issue CPs: SEBI


Capital markets regulator SEBI allowed emerging investment vehicles, Real Estate Investment Trust
(REIT) and Infrastructure Investment Trust (InvIT), to issue commercial papers.
The move came after Reserve Bank Commercial Paper Directions approved that InvIT and REIT having
net worth of at least Rs 100 crore are eligible to issue commercial paper. This is subject to certain
conditions, including, REITs and InvITs need to abide by the guidelines prescribed by Reserve Bank of
India (RBI) for issuances of commercial papers and follow the conditions of listing norms prescribed by
SEBI.
Learn Along:
An InvIT is like a mutual fund, which enables direct investment of small amounts of money from individual/institutional
investors in infrastructure projects to earn a portion of the income as return
REITs (Real Estate Investment Trust) are similar to mutual funds. While mutual funds provide for an opportunity
to invest in equity stocks, REITs allow one to invest in income-generating real estate assets.
They are collective investment vehicles that operate and manage property portfolios and give returns to investors.
SEBI lays guidelines on preferential issues for listed REIT, InvIT

SEBI listed some guidelines pertaining to preferential issues and institutional placement of units
by emerging investment vehicles - REIT and InvIT.With regard to the issuance of units under
institutional placement, it is decided that no allotment will be made, either directly or indirectly, to
any institutional investor, who is a sponsor or manager or is a person related to, or related party
or associate of the sponsor or the manager.However, the allotment of units can be made to the
sponsor for unsubscribed portion in the institutional placement where at least 90 per cent of the issue
size has been subscribed, the object of the issue is the acquisition of assets from that sponsor and unitholders approval has been taken for unsubscribed portion being allotted to sponsor.
Learn Along:
A preferential issue is an issue of shares or of convertible securities by listed companies to a select group of persons
under Section 81 of the Companies Act, 1956 which is neither a rights issue nor a public issue. This is a faster way for
a company to raise equity capital.
SEBI rolls out framework for credit rating agencies, applicable from Jan'23


SEBI came out with a new framework for credit rating agencies (CRAs), involving ratings of
securities having explicit credit enhancement features. The new framework, applicable from
January 1, 2023, is aimed at enhancing transparency and improving the rating process.
Under the rule, CRAs can assign the suffix 'CE' (Credit Enhancement) to the rating of instruments
having explicit credit enhancement.To enable investors to understand the extent of credit
enhancement provided by a third party or parent or group company and support considerations specified
by the regulator, including debt backed by a pledge of shares and a letter of comfort. The press release
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September 2022
for credit ratings, with or without the CE-suffix, backed by such support considerations need to
contain certain disclosures.
BSE receives SEBI's final approval to launch EGR on its platform

Bombay Stock Exchange (BSE) has received the final approval from the capital markets regulator SEBI
for introducing the Electronic Gold Receipt (EGR) on its platform.EGRs will cater to all market
participants. The EGR platform will provide increased assurance in the quality of gold supplied,
efficient price discovery, and transparency in transactions.
Learn Along:
BSE
Headquarters: Mumbai
MD & CEO: Ashish Kumar Chauhan
Electronic Gold Receipts-These are electronic receipts issued on the basis of a deposit of underlying physical gold.
EGRs could be traded on proposed gold exchange in India. Gold Exchange would be a national platform for buying and
selling EGRs issued against physical gold.
NABARD & AGRICULTURE
881.30 Lakh Metric Tonnes Paddy &187.92 LMT of Wheat procured in Rabi & Kharif 2022-23 season

A quantity of 881.30 Lakh Metric Tonnes of Paddy (includes Kharif Crop 759.32 LMT and Rabi Crop
121.98 LMT) has been procured, benefiting about 130.65 Lac farmers with MSP value of Rs.1,72,734.69
crore upto 30th August 2022.A quantity of 187.92 LMT of wheat has been procured during Rabi
Marketing Season 2022-23, benefiting about 17.83 Lac farmers with MSP value of Rs.37,866.13 crore
upto 30th August 2022.
Learn Along
The minimum support price (MSP) is an agricultural product price, set by the Government of India to purchase
directly from the farmer. This is not enforceable by law. By definition, this rate is to safeguard the farmer to a minimum
profit for the harvest, if the open market has lesser price than the cost incurred.
Cabinet approves disposal of Chana procured under Price Support Scheme & Price Stabilization
Fund


The CCEF has approved the disposal of Chana (Pulses) to States/UTs at a discounted rate to be
utilized for various Welfare Schemes from the stock of pulses procured under Price Support Scheme
(PSS) & Price Stabilization Fund (PSF), and enhancement of ceiling on quantity of procurement under
PSS from existing 25% to 40% in respect of Tur, Urad & Masur.Under this approved Scheme, the
States/UTs Governments are offered to lift 15 lakh MT of Chana at the discount of Rs. 8 per kg over
Issue Price of the sourcing State on First come first serve basis.
The States/UTs to utilize these pulses in their various Welfare Schemes/Programmes like Mid-Day Meal,
Public Distribution System, IntegratedChild Development Programmes (ICDP) etc. in their
States/UTs.This will be one-time dispensation for a period of 12 months or till complete disposal of 15
lakh MT stock of Chana whichever is earlier.The Government will spend Rs. 1200 crore for
implementation of this Scheme.
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September 2022
13,000 individuals register under Common Registration Facility- Mera Ration Mera Adhikar

Department of Food & Public Distribution launched a web-based Common Registration Facility
(Mera Ration Mera Adhikar) on 5th August 2022 for 11 States/UTs i.e. Assam, Goa, Lakshadweep,
Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Tripura and Uttrakhand & has been
developed by the NIC.The Department of Food and Public Distribution embarked upon this initiative to
serve as an enabling facility so that States/UTs can expedite the collection of data for initiating the due
process for achieving the coverage of deserving and destitute persons under NFSA, upto their respective
limits.Currently, 13,000 individuals registered under Common Registration Facility “Mera Ration
Mera Adhikar” since its launch.
Learn Along:
Ministry of Consumer Affairs, Food and Public Distribution
Union Minister: Piyush Goyal
The National Food and Security Act of 2013 (NFSA,2013) aims to ensure people food and nutritional security by
assuring access to a sufficient quantity of high-quality food at reasonable prices.It provides subsidized food grains to
75% of India's rural population and 50% of its urban population. NFSA 2013 includes almost two-thirds of the Indian
population in its entirety.
Govt extends concessional import duties on edible oil by six months till March, 2023

To curb spike in future prices, the government has extended concessional duties on edible oil
imports by six months to March 31, 2023.Currently, the basic customs duty on refined varieties of palm
oil is 12.5%, while social welfare cess is 10%. So the effective duty is 13.75%.Similarly, the basic customs
duty on refined soyabean and sunflower oil is 17.5% taking into consideration 10% social welfare cess, the
effective duty comes to 19.25%.
Agriculture Ministry raises existing limit of purchase of Moong and Urad under PSS for MP farmers

Union Ministry of Agriculture and Farmers Welfare relaxed the existing limit of 25 quintals for
purchase of Moong and Urad under Price Support Scheme (PSS) during the summer season 202122 for farmers in Madhya Pradesh. It has been now increased to 40 quintals per farmer per day.
Learn Along:
Ministry of Agriculture & Farmers’ Welfare
Union Minister: Narendra Singh Tomar
Price Support Scheme (PSS) -In this part physical procurement of pulses, oilseeds and copra will be done by Central
Nodal Agencies. Besides NAFED, Food Cooperation of India will also take up procurement of crops under PSS. The
expenditure and losses due to procurement will be borne by the Centre.
Ministry of Agriculture & FICCI launch joint initiative to attract PPP in agriculture

Minister of Agriculture and Family Welfare launched a Project Management Unit (PMU) on publicprivate partnership (PPP) in agriculture which is a joint initiative of Ministry of Agriculture and Farmers
welfare and FICCI.It aims to strengthen the agriculture sector as it would help in strengthening
other sectors as well. The PPP model could be the ideal model for growth in the agriculture sector and
PPP projects must focus on benefitting the farmers through enhancement of their income.
Learn Along:
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September 2022
FICCI
Headquarters: New Delhi
Director General: Arun Chawla
Govt sets 2022-23 grain production target at 328 mt, up 4% on year

The government set a food grain production target of 328 million tonne (mt) for the 2022-23 crop
year (July-June) which is 4% more than a record foodgrain output of 315.7 mt in the previous year.Out
of the total grain production, rabi crops such as wheat, mustard and chana (gram) would contribute 164.8
mt in 2022-23 crop year.According to trade estimate rice production in the next crop year (2022-23)
could decline by around 6 – 10 mt because of fall in paddy acreage in the current kharif sowing so
far because of deficiency in monsoon rainfall in key growing states of West Bengal, Bihar, Jharkhand
and Uttar Pradesh.
India imposes 20 percent export duty on non-Basmati rice

The government imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to
boost domestic supplies amid a fall in area under the paddy crop in the current Kharif season.The export
of ‘semi-milled or wholly-milled rice, whether or not polished or glazed(other than Parboiled rice
and Basmati rice)’ will also attract a customs duty of 20 per cent.The export duty will come in force
from September 9,2022.
Agribazaar Launches ‘Kisan Safalta Card’ for Agri Financing

Agribazaar, a private electronic Agri mandi, has introduced the 'Agribazaar Kisan Safalta Card.' The
'Kisan Safalta' card is a quick and easy tool that helps farmers meet their pre and post-harvest farm
requirements and allied expenses.The card has a 12-month repayment period, which provides
enough time to pay off the balance. The card amount is adjustable for marginal farmers, ranging from
Rs 10,000 to Rs 50,000. The repayment plan can be rescheduled if crop damage occurs as a result of a
natural disaster or if crop yield is low.
Learn Along:
Agribazaar
Headquarters: Mumbai
CEO: Amith Agarwal
Agriculture, processed food products export up 30% to USD 9.6 bn in Apr-July: APEDA

According to the data provided by APEDA,India’s agricultural and processed food products
exports rose by 30 percent to USD 9.6 billion during April-July this fiscal.For 2022-23, an export
target of USD 23.56 billion has been fixed for the agricultural and processed food products basket.The
exports of fruits and vegetables registered a 4 percent growth during the period.Basmati rice
exports witnessed a growth of 29.13 per cent in the first four months of 2022-23 Exports of nonBasmati rice rose by 9.24 per cent during the period to USD 2.08 billion.
Learn Along:
Agricultural and Processed Food Products Export Development Authority (APEDA) is an apex body under the
Ministry of Commerce and Industry, Government of India, responsible for the export promotion of agricultural
products.
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KRITAGYA 3.0- A National level Hackathon on crop improvement by ICAR



Indian Council of Agricultural Research with its National Agricultural Higher Education Project
and Crop Science Division is organizing Hackathon 3.0 ‘’KRITAGYA” on promoting ‘speed breeding
for
crop
improvement.This
program
will
provide
an
opportunity
to
students/faculties/entrepreneurs/innovators and others to showcase innovative approaches and
technology solutions to promote innovation for crop improvement.
Such initiatives will give impetus to the desired rapid results in the crop sector with the ability to learn,
innovation and solutions, employability and entrepreneurship. It will also encourage greater adoption of
technology enabled solutions in the country.
In this competition, students, faculty and innovators/entrepreneurs from any university/technical
institute across the country can apply and participate in the program as a group. The participating
group shall consist of maximum 4 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 INR 5 Lakhs. The registration for event shall take place till
26thSeptember 2022.
Learn Along:
The ICAR is an autonomous organisation under the Department of Agricultural Research and Education (DARE),
Ministry of Agriculture and Farmers Welfare
ICAR
Headquarters: New Delhi
Director General: Trilochan Mohapatra
National Agricultural Higher Education Project (NAHEP) is designed to strengthen the national agricultural education
system in India with overall objective to provide more relevant and high-quality education to agricultural university
students. This programme will promote efficiency and competitiveness through changes in working mechanism of
agricultural universities, raising the teaching and research standards through improved research and teaching
infrastructure and enhanced faculty competency and commitments, and making agricultural education more attractive
to talented students.
ICAR signs tech transfer pact with Biovet for lumpy skin disease vaccine

The Indian Council of Agriculture Research (ICAR) has recently entered into an agreement with Biovet
Private Ltd. for the commercial production of the indigenous vaccine of Lumpy Skin Disease (LSD)
called ‘Lumpi-ProVacind’.Lumpi-ProVacInd – jointly developed by ICAR’s National Research
Centre on Equines (NRCE) at Hisar, Haryana and the Indian Veterinary Research Institute (IVRI) at
Izatnagar, UP — is a live attenuated vaccine, similar to those used against tuberculosis, measles, mumps
and rubella.
Learn Along:
Biovet Pvt. Ltd
Headquarters: Malur,Karnataka
MD: Shree Narayan Singh
KVIC Launches 72 units under Prime Minister's Employment Generation Programme to empower
artisans

Khadi and Village Industries Commission (KVIC) inaugurated 72 Units assisted under PMEGP and
Disbursed Margin Money Subsidy to 720 PMEGP Beneficiaries.Till 15th September 2022, under this
scheme, KVIC has sanctioned 25,105 projects, released more than 802 crore margin money and has
generated employment for 2,00,840 people. KVIC expects that these 720 projects with 27.43 crore of
margin money will generate employment for 5760 people.
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
In another major step, KVIC has also begun geo-tagging of all PMEGP units so as to verify the actual
physical status of the units and their performance at any point of time. So far, more than one lakh
PMEGP units have been geo-tagged. This also enables any person to locate the PMEGP units using a
mobile app.
Learn Along:
KVIC
Headquarters: Mumbai
Chairperson: Vinai Kumar Saxena
The Prime Minister’s Employment Generation Programme (PMEGP) is a scheme launched in 2008 & is offered to
provide financial assistance to those who wish to set up new enterprises under the programme. The nodal agency
responsible for the implementation of the scheme at the national level is the Khadi and Village Industries Commission
(KVIC). The scheme is implemented via State Khadi and Village Industries Commission Directorates, District Industries
Centres, State Khadi and Village Industries Board, and banks at the state level .
FCI to extend half of private storage depot leases; 5 years in the grain procuring regions and 3 years
in grain-consuming states

The food ministry has approved a policy to extend the leases for storage depots, built under the
private entrepreneurs’ guarantee (PEG) scheme for grain storage by the Food Corporation of India
(FCI).Under the policy, which provides of guaranteed hiring of the godowns by the FCI, around 9 million
tonne (mt) capacity has been created in 465 odd depots. Leases of half of these capacities are up for
renewal.The new leases will be for a period of 5 years in the grain procuring regions and 3 years in
grain-consuming states.FCI will carry out region-wise rehiring of storage facilities those who have
completed 10 years guarantee period and tender will be floated across regions where these
godowns are built under PEG scheme.
Learn Along:
FCI
Headquarters: New Delhi
Chairmnan: Ashok Meena
Private entrepreneurs guarantee (PEG) The Food Corporation of India (FCI), in conjunction with Central
Warehousing Centre (CWC) and State Warehousing Centre (SWC), launched the PEG Scheme in 2008. It was formed
to construct and hire warehouses through private entrepreneurs. The private entrepreneurs can avail the fair share of
their investment from FCI for a period of ten years.
Centre releases Rs 25,000-cr food subsidy to FCI

The finance ministry recently released Rs 25,000 crore towards food subsidy expenses to the Food
Corporation of India (FCI).For 2022-23, the Centre has allocated Rs 2.06 trillion for food subsidy
expenses, of which Rs 1.45 trillion or 71% is provided to FCI. The rest of the food subsidy is directly
routed to states that follow a decentralised procurement system.
First Advance Estimates of production of major kharif crops released

First Advance Estimates of production of major Kharif crops for 2022-23 have been released by
the Ministry of Agriculture and Farmers Welfare. As per First Advance Estimates for 2022-23 (Kharif
Only), total foodgrain production in the country is estimated at 149.92 million tonnes which is higher
by 6.98 million tonnes than the average foodgrain production of previous five years’ (2016-17 to 202021). The estimates are follows:
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Kharif Crops
First Adavnce Estimates
Rice
104.99 million tonnes
Nutri/Coarse Cereals
36.56 million tonnes.
Maize
23.10 million tonnes. (record)
Pulses
8.37 million tonnes.
Tur
3.89 million tonnes
Oilseeds
23.57 million tonnes.
Groundnut
8.37 million tonnes.
Soyabean
12.89 million tonnes.
Cotton
34.19 million bales
Jute & Mesta
10.09 million bales
Sugarcane
465.05 million tonnes (record)
Learn Along:
Ministry of Agriculture & Farmers’ Welfare
Union Minister: : Narendra Singh Tomar
Convergence module between AIF Scheme, PMFME Upgradation Scheme and PMKSY launched


As part of Azadi Ka Amrit Mahotsav, he convergence module between the Agriculture
Infrastructure Fund (AIF) scheme of the Ministry of Agriculture and Farmers Welfare, Pradhan
Mantri Micro Food Enterprises Upgradation Scheme (PMFME) and Pradhan Mantri Kisan Sampada
Yojana (PMKSY) of the Ministry of Food Processing Industries has been launched.
This will benefit different sections of the country, including farmers and Small scale entrepreneurs of
processing industry. This new initiative is beneficial and inspiring for the agriculture and food processing
sector. This initiative will contribute to the realization of Atma Nirbhar Bharat campaign and take
forward the projects of public welfare by increasing the power of marginalised section and
contribute in the building of the New India.
Learn Along:
Agriculture Infrastructure Fund (AIF)- The Agriculture Infrastructure Fund launched in 2020 is a medium - long term
debt financing facility for investment in viable projects for post-harvest management infrastructure and community
farming assets through interest subvention and credit guarantee.
Ministry of Food Processing Industry (MoFPI) has launched the Pradhan Mantri Formalisation of Micro food
processing Enterprises (PMFME) scheme under the Aatmanirbhar Bharat Abhiyan with the aim to enhance the
competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and
promote formalization of the sector. The scheme to be implemented over a period of five years from 2020-21 to 202425 with a total outlay of Rupees 10,000 crore. The scheme has a special focus on supporting Groups engaged in Agrifood processing such as Farmer Producer Organizations (FPOs), Self Help Groups (SHGs) and Producers Cooperatives
along their entire value chain
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PM Kisan SAMPADA Yojana- Launched in 2017, PMKSY is a comprehensive package which aims to create modern
infrastructure with efficient supply chain management from farm gate to retail outlet. It will not only provide a big boost
to the growth of food processing sector in the country but also help in providing better returns to farmers and is a big
step towards doubling of farmers income, creating huge employment opportunities especially in the rural areas, reducing
wastage of agricultural produce, increasing the processing level and enhancing the export of the processed foods.
Three fertilizer firms sign MoU with Canada's Canpotex to import potash

Coromandel International, Chambal Fertilizers and Indian Potash Ltd have signed a pact with
Canada-based Canpotex for the import of 15 lakh tonnes of potash annually for three years.India
meets 100 per cent of its potash requirement through imports. The country imports approximately 40 lakh
tonnes of MOP annually. The MOU will reduce both supply and price volatility and ensure stable
long-term supply of potassic fertilizer to India.
Learn Along:
Canpotex
Headquarters: Saskatoon, Canada
CEO: Gordon McKenzie
Centre extends free food grain scheme till Dec at a cost of Rs 45k cr

The central government extended its free foodgrain scheme for the poor by another three months,
till December,2022.The latest extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY),
which was launched in April 2020 during the first wave of the Covid-19 pandemic, will cost the
exchequer Rs 44,762 crore over and above the budgeted food subsidy for the financial year 202223 (FY23).
Learn Along:
Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) is a part of Pradhan Mantri Garib Kalyan Package (PMGKP)
to help the poor fight the battle against Covid-19. The scheme aimed at providing each person who is covered under
the National Food Security Act 2013 with an additional 5 kg grains (wheat or rice) for free, in addition to the 5 kg of
subsidised foodgrain already provided through the Public Distribution System (PDS).
PMGKAY
Ministry: Ministry of Finance
Launch Year: 2020
Corteva Agriscience to introduce seed coating technology to fight pests in paddy crops

US-based seed and crop protection major Corteva Agriscience will be introducing its seed coating
technology for paddy crops to fight pests such as leaf folder and yellow stem borer, which drastically
reduces yield across key rice growing regions.The seeds of conventional and hybrid varieties are treated
with Corteva’s molecule, which provides inbuilt protection from various pests and diseases to the paddy
crop. The coating on the seed through seed-applied technology prevents pest attacks because of
inbuilt immunisation against the pest and diseases.
Learn Along:
Corteva
Headquarters: Indiana, United States
CEO: Chuck Magro
Chhattisgarh gets approval for pulses procurement at MSPs in kharif season

The Centre approved Chhattisgarh government’s plan of procuring arhar (pigeon pea), moong
(green gram), and urad (black gram) at minimum support prices (MSPs) in the kharif marketing
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season 2022-23. Farmers will get Rs 6,600 per quintal for moong and urad, and Rs 7,755 per quintal
for arhar.

The move is to promote crop diversification in the state. “The acreage of pulses in the state has sharply
come down and hence the state government is taking measures to convince the farmers about the
benefits of moving away from paddy.The decision to procure pulses was part of the measures that would
strengthen the rural economy and increase farmers’ income.
Learn Along:
The minimum support price (MSP) is an agricultural product price, set by the Government of India to purchase
directly from the farmer. This is not enforceable by law. By definition, this rate is to safeguard the farmer to a minimum
profit for the harvest, if the open market has lesser price than the cost incurred.
NATIONAL
Rajpath renamed as Kartavya Path
 Central Government renamed the historic Rajpath and Central Vista lawns as Kartavya Path ahead
of its opening on 8th Sept 2022 after redevelopment as part of Central Vista Avenue.
Recent Schemes,portals,Programmes:
Schemes/Portals
News
Learn Along
About UGC
UGC to launch 'e -
The e-Samadhan-Online Grievance Registering and Monitoring
System is a digital platform for stakeholders to identify and apply
for grievances, feedback or queries.
Samadhan' portal
This platform ensures transparency, prevents unfair practices in
Higher Education Institutions and provides a time-bound
mechanism for redressal of the grievances.
Founded: 1956
Headquarters:
New Delhi
First executive:
Shanti Swaroop
Bhatnagar
Chairperson :D.
P. Singh
CCRAS ‘SPARK’
Program
PM-SHRI Yojana
The Central Council for Research in Ayurvedic Sciences (CCRAS),
has taken a unique initiative to support the research efforts of
bright young minds of the Country by developing the Studentship
Program for Ayurveda Research Ken (SPARK) for Ayurveda (BAMS)
students studying in recognised Ayurveda colleges
On the occasion of National Teachers’ Day, the Prime Minister Shri
Narendra Modi announced a new initiative - PM SHRI Schools (PM
ScHools for Rising India).
The aim of these schools will not only be qualitative teaching, learning
and cognitive development, but also creating holistic and well-rounded
individuals equipped with key 21st century skills.
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Establishment:
1978
HeadQuarters:
Delhi
Monthly BeePedia
September 2022
Schemes/Portals
News
Pradhan Mantri TB
Mukt Bharat
Abhiyaan
President Smt. Droupadi Murmu virtually launched the Pradhan
Mantri TB Mukt Bharat Abhiyaan on September 9th to reinvigorate
the mission of TB elimination from the country by 2025.
Learn Along
The Pradhan Mantri TB Mukt Bharat Abhiyaan has been envisioned to
bring together all community stakeholders to support those on TB
treatment and accelerate the country’s progress towards TB elimination.
MoUs Signed on Visit of Prime Minister of Bangladesh to India
MoU Between
News
The Ministry of Jal
Shakti, Government of
India and Ministry of
Water Resources,
Government of
Bangladesh
The Ministry of
On withdrawal of Water by India and Bangladesh from common border
river Kushiyara.
Learn Along
About
Bangladesh
On training of Bangladesh Railway personnel in India.
Railways (Railway
Board), Government
of India and the
Ministry of Railways,
Government of
Bangladesh
The Ministry of
Railways (Railway
Capital:
Dhaka
On Collaboration in IT systems such as FOIS and other IT applications
for Bangladesh Railway.
Board), Government
of India and the
Ministry of Railways,
Government of
Bangladesh
the National Judicial
Academy, India and
the Supreme court of
Bangladesh
between Council for
Scientific & Industrial
On Training and Capacity Building Programe for Bangladesh Judicial
Officers in India.
On Scientific and Technological Cooperation
Research (CSIR), India
and Bangladesh
Council of Scientific &
Industrial Research
(BCSIR), Bangladesh.
NSIL & BSCL
On Cooperation in the Areas of Space Technology
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Currency:
Bangladeshi
taka
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September 2022
MoU Between
The Prasar Bharti and
Bangladesh Television
News
Learn Along
On Cooperation in Broadcasting.
(BTV)
Recent Approval to MoUs:
MoU Between
News
Learn Along
India and the
United Kingdom of
Great Britain and
Northern Ireland
On mutual recognition of academic qualifications signed on
25.04.2022.
About United
Kingdom
The MoU aims to facilitate the mutual recognition of educational
qualifications, periods of study undertaken, documents related to
academic degrees/qualifications and accreditation by educational
institutions within the two countries.
Capital:
London
Currency:
Pound sterling
Prime
minister:
Liz Truss
India and United
Arab Emirates
On cooperation in the field of Education.
The objective of the MoU is to further strengthen our ongoing
educational collaboration between both the countries.
This MoU aims to promote Exchange of Information Education,
Capacity Development of Technical and vocational Education and
Training (TVET) teaching staff, Facilitation of academic collaboration
between Higher Education Institutions in both the countries for
offering Twinning, Joint Degree and Dual Degree Programmes and
any such other areas agreed upon.
The MoU will be valid for a period of five years.
India and Nepal
About UAE
Capital:
Abu Dhabi
Currency:
Dirham
President:
Mohammed
bin Zayed Al
Nahyan
On biodiversity conservation.
About Nepal
The Main Aim is to strengthen and enhance the coordination and
cooperation in the field of forests, wildlife, environment, biodiversity
conservation and climate change, including restoration of corridors
and interlinking areas and share knowledge and best practices,
between the two countries.
Capital:
Kathmandu
Currency:
Nepalese
rupee
Prime
minister: Sher
Bahadur
Deuba
Maitree Super Thermal Power Project
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 PM Narendra Modi and Bangladesh Prime Minister Sheikh Hasina have jointly unveiled the Maitree
Super Thermal Power Project.
 The Maitree Super Thermal Power Project is a 1320MW supercritical coal-fired thermal power plant
which has been set up at Rampal, Khulna division of Bangladesh.
 The project has developed by Bharat Heavy Electricals Limited (BHEL)for Bangladesh-India
Friendship Power Company Private Limited (BIFPCL).
 After both the units of the power plant are made operational, the Maitree Super Thermal Power Project
will get the status of being the largest power plant in Bangladesh.
Learn Along:
About Bangladesh
Capital: Dhaka
Currency: Bangladeshi taka
Prime minister: Sheikh Hasina
PM Matsya Sampada Yojana completes Two years; to generate 68 lakh employments by the end of
2024-25
 The Pradhan Mantri Matsya Sampada Yojana (PMMSY) completed its Second anniversary.
 The scheme envisages the generation of 68 lakh employment by the end of 2024-25.
 The Fisheries sector has shown an impressive growth of 14.3 per cent from 2019-20 to 2021-22.
 The Fish production has reached an all-time high of 161.87 lakh tons during 2021-22.
 The sector saw all-time high exports of 13.64 lakh tonnes amounting to 57 thousand 587 crore rupees,
dominated by exports of Shrimps.
 The PMMSY has supported 31.47 lakh farmers under insurance coverage across the country.
Learn Along:
About PMMSY
 Pradhan Mantri Matsya Sampada Yojana (PMMSY) was launched on 10th September 2020.
 The aim of the scheme is to bring about Blue Revolution through the sustainable development of the
fisheries sector over a period of five years (2020-2025).
 PMMSY was announced in the union budget 2019-20.
India to assume G20 presidency for a year starting December
 India will assume the presidency of the G20 (Group of Twenty) for a year starting 1 December 2022
to November 2023.
 The next G20 summit will be held in New Delhi on September 9 and September 10, 2023.
 India will invite Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and
UAE as Guest countries, as well as ISA (International Solar Alliance), CDRI (Coalition for Disaster
Resilient Infrastructure) and ADB (Asian Development Bank) as Guest International Organisations.
Learn Along:
About G20
 The G20 is an intergovernmental forum of the world’s major developed and developing economies.
 It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan,
Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, and the US, and the
European Union.
 The G20 presidency keeps rotating every year among member nations.
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 The G20 accounts for 85% of global GDP, 75% of international trade and two-thirds of the world population.
 Founded: 26 September 1999
Chairman: Joko
Widodo, President of Indonesia
NITI Aayog Celebrates One-Year Anniversary of Shoonya Campaign
 NITI Aayog held a day-long forum to commemorate the one-year anniversary of Shoonya, India’s
zero pollution e-mobility campaign.
 The National Programme on Advanced Chemistry Cell (ACC) Energy Storage (Part III) report was
also launched during the event.
 The report highlights that India’s $2.5-billion Production-Linked Incentive (PLI) scheme for Advanced
Chemistry Cell (ACC) energy storage is critical for meeting the projected cumulative battery
demand of 106–260 GWh by 2030 to successfully realize the country’s vision for EV adoption and
grid decarbonisation.
Learn Along:
About Shoonya:
 Shoonya is a consumer awareness campaign to reduce air pollution by promoting the use of electric vehicles
(EVs) for ride-hailing and deliveries.
 The campaign has 130 industry partners, including ride-hailing, delivery and EV companies.
PM launched National Logistics Policy on 17th September
 Prime Minister Shri Narendra Modi launched the National Logistics Policy (NLP) on 17th
September, 2022 in New Delhi.
 The policy is an endeavour to improve competitiveness of Indian goods, enhancing economic
growth and increasing employment opportunities.
 The PM GatiShakti - National Master Plan for muti-modal connectivity - launched by the Prime
Minister last year, was a pioneering step in this direction. PM GatiShakti will get further boost and
complementarity with the launch of National Logistics Policy.
Learn Along:
 The need for a national logistics policy was felt since the logistics cost in India is high as compared to other
developed economies. It is imperative to reduce the logistics cost in India for improving the competitiveness of
Indian goods both in domestic as well as export markets. Reduced logistics cost improves efficiency cutting across
various sectors of the economy, encouraging value addition and enterprise.
 National Logistics Policy is a comprehensive effort to address issues of high cost and inefficiency by laying
down an overarching interdisciplinary, cross-sectoral and multi-jurisdictional framework for the development of the
entire logistics ecosystem.
Project cheetah: World's first inter-continental carnivore translocation
 A Memorandum of Understanding was signed between India and the Republic of Namibia in July
2020, wherein the Namibian government agreed to donate eight felines to launch the programme.
 Eight cheetahs -- five females and three males were transferred to Kuno National Park (KNP), situated
in Madhya Pradesh on September 17.
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 The cheetahs are brought under Project Cheetah to reintroduce cheetah in India after they were
officially declared extinct in 1952, and the last cheetah was killed in India in 1947.
 The central government aims to introduce 50 cheetahs in the next five years andcheetahs will be
placed in Gujarat, Rajasthan, Karnataka, and Andhra Pradesh after Madhya Pradesh.
Learn Along:
 Project Cheetah is the world's first inter-continental large wild carnivore translocation project.
 The project was approved by Supreme Court in 2020 as a pilot programme to reintroduce the species in the
country.
 The concept of bringing cheetah back was first introduced in 2009 by conservationists along with Cheetah
Conservation Fund (CCF), headquartered in Africa, which works toward saving the big cat in the wild.
 The primary purpose of now reintroducing cheetahs in the country is to develop healthy meta-populations
in India that allow the cheetah to execute its functional role as a top predator.
 Project Cheetah will cost over Rs. 990 crores, other than Rs. 500 crores a year on maintenance.
MoU Between
News
Learn Along
About NCC
NCC and UNEP
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’.
The aim is to synergise and collate efforts towards
engaging youth for promoting clean water bodies.
Founded:
16 April 1948
Director General:
Lt. Gen. Gurbirpal
Singh
NSIC and Andhra Pradesh
Medtech Zone Limited
On cooperation in the healthcare sector.
The MoU will be a significant step for enhancing the
competitiveness of MSMEs in healthcare sector.
About NSIC
Founded:
1955
Chairman & MD :
P Udayakumar
Coal India Ltd & Three Major
PSUs (Bharat Heavy Electricals
Limited (BHEL), Indian Oil
Corporation Limited (IOCL) and
GAIL (India) )
For setting up four SCG projects.
The upside of the proposed projects are reduced
forex outgo and direct and indirect employment
generation to the tune of 23,000.
With the twin objectives of self-reliance and energy
independence, Ministry of Coal has set a target for
achieving 100 million tonne coal gasification by
2030
About Coal India Ltd
Founded:
November 1975
Headquarters:
Kolkata
CEO:
Pramod Agrawal
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Government forms 5-member committee to review pharma companies' practices
 The central government has made a five-member committee to consider a ‘legally enforceable”
mechanism for enforcing the marketing practices of pharmaceutical companies.
 VK Paul, a member of NITI Aagoy would lead the committee. The committee is assumed to submit its
report in 90 days.
 Members of the committee:
1. VK PAUL, a member of NITI Aagoy
2. S Aparna, secretary in the department of pharmaceuticals (DoP)
3. Nitin Gupta, chairman of the Central Board of Direct Taxes (CBDT),
4. Rajesh Bhushan, secretary in the ministry of health and family welfare (MoHFW),
5. Joint secretary (policy) from the department of personnel (DoP).
 The Committee will examine the provisions of government departments to regulate pharmaceutical
marketing practices and align interventions for implementation by the healthcare industry.
 It will also “examine the related topics on the requirement of legally enforceable mechanisms for
regulating marketing practices, including the study of the practices across the world.”
 It can look into any other issue it may deem fit on the subject matter.
MoHUA to launch ‘Swachh Toycathon', a unique competition to make toys from ‘Waste’
 Swachh Toycathon is a convergence between the NAPT and SBM 2.0 that seeks to explore solutions
for use of waste in creation or manufacturing of toys.
 It will focus on efficient designs that can be replicated at a larger scale, toys that comply with
minimum safety standards, as well as aesthetics of the toys. Center for Creative Learning, IIT
Gandhinagar is the knowledge partner for the initiative.
 This competition is being launched under the ‘Swachh Amrit Mahotsav’, from 17th Sept. 2022,
SevaDiwas, till 2nd Oct. 2022, SwachhataDiwas.
Learn Along:
 National Action Plan for Toys (NAPT) 2020 was introduced to promote the Indian toy industry including
traditional handicrafts and handmade toys with the objective of establishing India as a global Toy hub.
 Besides being the second largest populated country in the world, India also has a growing young population
with half of the total population under 25 years of age.
 The demand for toys is also increasing due to strong economic growth, rising disposable incomes, and several
innovations for the junior population.
 With ever-changing consumption patterns and rapid rise of e-commerce, the per capita waste generation has
steadily increased over the last decade, making waste management in cities a challenge for Urban Local Bodies.
The second phase of Swachh Bharat Mission (SBM 2.0) was launched on 1st October 2021 by the Hon’ble
Prime Minister with a vision of ‘Garbage Free’ cities by 2026.
National launch of JALDOOT App
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 Ministry of Rural Development has developed “JALDOOT App” that will be used across the country
to capture the water level of selected wells in a village.
 The app will facilitate panchayats with robust data, which can be further used for better planning of
works.
 The ground water data could be utilised as part of the Gram Panchayat Development Plan
(GPDP) and Mahatma Gandhi NREGA planning exercises.
Learn Along:
About Ministry of Rural Development
Narendra Singh Tomar (Minister)
Centre extends Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) for another three months
(October 2022-December 2022)
 The Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana
(PMGKAY-Phase VII) for a further period of 3 months i.e. October to December 2022.
 Under this welfare scheme, 5 kg of food grain per person per month is provided free of cost for all
the beneficiaries covered under the National Food Security Act (NFSA) [Antodaya Anna Yojana & Priority
Households] including those covered under Direct Benefit Transfer (DBT).
 Financial implication for the Government of India has been about Rs. 3.45 Lakh Crore upto PhaseVI of PMGKAY. With the additional expenditure of about Rs. 44,762 Crore for Phase-VII of this scheme,
the overall expenditure of PMGKAY will be about Rs. 3.91 lakh crore for all the phases.
 The total outgo in terms of food grains for PMGKAY Phase VII is likely to be about 122 LMT. The
aggregate allocation of food grain for phases I- VII is about 1121 LMT.
Learn Along:
 PMGKAY has been in operation for 25 months as under:
 Phase I and II ( 8 months) : April’20 to Nov.’20
 Phase-III to V (11 months) : May’21 to March’22
 Phase-VI ( 6 months) : April’22 to Sept.’22
 PM Garib Kalyan Anna Yojana (PM-GKAY), started during difficult time of COVID-19 crisis, has provided food
security to the poor, needy and the vulnerable households/beneficiaries so that they do not suffer on account of
non-availability of adequate foodgrains.
INTERNATIONAL
IMF to extend $2.9 billion to Sri Lanka
 IMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri
Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility [EFF]
of about $2.9 billion.
 The objectives of the new programme — Sri Lanka’s 17th with the Fund — are “to restore
macroeconomic stability and debt sustainability, while safeguarding financial stability,
protecting the vulnerable, and stepping up structural reforms to address corruption vulnerabilities
and unlock Sri Lanka’s growth potential.
Learn Along:
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About IMF
Formation:27 December 1945
Georgieva
About Sri Lanka
Capitals: Colombo, Sri Jayawardenepura Kotte
Prime minister: Dinesh Gunawardena
President: Ranil Wickremesinghe
Headquarters:Washington, D.C., U.S.
MD:Kristalina
Liz Truss elected U.K.’s PM
 Liz Truss was elected as the new Prime Minister of Britain after defeating Rishi Sunak.
 Liz Truss succeeded ousted Boris Johnson and took over as the 3rd female PM of the UK after
Margaret Thatcher, who governed from 1979 to 1990, and Theresa May, who held office from 2016 to
2019.
 Liz Truss has been elected as the Leader of the Conservative Tory Party.
Learn Along:
About United Kingdom
Capital: London
Currency: Pound sterling
Prime minister: Boris Johnson
Mongolian President gifts horse 'Tejas' to Defence Minister Rajnath Singh
 Rajnath Singh was gifted a majestic horse “Tejas” by President Ukhnaagiin Khurelsukh of Mongolia,
seven years after Prime Minister Narendra Modi received a similar gift from the leadership of this country.
 In 2015, Prime Minister Modi received a special gift a brown racehorse “Kanthaka” from his then
Mongolian counterpart Chimed Saikhanbileg during his historic visit to this country.
Learn Along:
About Mongolia
Capital: Ulaanbaatar
Currency: Mongolian tögrög
President: Ukhnaagiin Khürelsükh
 Mongolia is known as the land of the horse, according to the American Museum of Natural History (AMNH).
 Mongolia is home to more than 3 million horses, making the horse population almost equal to the human
population in the vast nation.
U.S. nod to $40 mn aid to Sri Lanka
 The United States announced $40 million in aid to buy fertilizer and other key agricultural inputs
in time for the next cultivation season in crisis-hit Sri Lanka.
 The money will be in addition to the $6 million announced earlier to assist low income farmers.
 Sri Lanka is facing its worst economic crisis and acute shortages of essentials like food, fuel and
medicines.
Learn Along:
About Sri Lanka
Capitals: Colombo, Sri Jayawardenepura Kotte
Currency: Sri Lankan rupee
Prime minister: Dinesh Gunawardena
President: Ranil Wickremesinghe
About US
Capital: Washington, D.C.
Currency: United States Dollar
President: Joe Biden
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U.S. announces $810 mn in funding for Pacific islands
 The United States announced $810 million in new funding for Pacific islands at a summit with
President Joe Biden.
 $600 million will be in the form of a 10-year package to clean up and develop dirty waters to support
the tuna industry, while the United States will also expand climate and development aid and its
diplomatic presence.
William Ruto is Kenya’s President
 William Ruto was sworn in as Kenya’s President after winning the election in East Africa’s most stable
democracy.
 The 55-year-old Mr. Ruto had been the deputy to outgoing President Uhuru Kenyatta.
Learn Along:
About Kenya
Capital: Nairobi
Currency: Kenyan shilling
President: William Ruto
China’s fully solar-powered, semi-satellite drone
 China’s first fully solar-powered unmanned aerial vehicle “QIMINGXING 50” has successfully
completed its maiden test flight with all onboard systems functioning optimally.
 The drone took off from an airport in Shaanxi province, had a smooth flight for 26 minutes and landed
safely.
 The drone can operate in near-space – 20 km to 100 km above the Earth’s surface – makes it capable
of carrying out satellite-like functions.
Learn Along:
About China
Capital: Beijing
Currency: Renminbi
President: Xi Jinping
China, UAE will collaborate on moon rover missions
 A Memorandum of Understanding (MoU) has been signed between the Mohammed Bin Rashid
Space Centre (MBRSC),UAE and the China National Space Administration (CNSA) on future rover
missions to the lunar surface.
 The UAE had previously sent satellites to low Earth orbit but a mission of this scale had never
previously been attempted by the UAE.
 This November, the Emirates plans to launch its first Moon mission, which involves a 10-kilogram
rover called Rashid.
Learn Along:
About UAE
Capital: Abu Dhabi
Currency: United Arab Emirates dirham
President: Mohammed bin Zayed Al Nahyan
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Palm oil alliance formed by 5 South Asian countries
 To gain collective bargaining power and make imports, sustainable Edible oil trade associations of
five palm oil importing countries: India, Pakistan, Sri Lanka, Bangladesh and South Asia Nepal
announced the formation of the Asia Palm Oil Alliance (APOA).
 The aim is to protect the economic and business interests of palm oil consuming countries and
work towards increasing palm oil consumption in member countries.
 The next meeting of APOA will be held in Indonesia early next year.
Learn Along:
 India’s annual imports of edible oils are around 13-14 million tons (MT).
 About 8 tonnes of palm oil is imported from Indonesia and Malaysia, while other oils such as soybean and
sunflower are imported from Argentina, Brazil, Ukraine and Russia.
 Asia accounts for about 40% of the world’s palm oil consumption and Europe accounts for 12% of the palm
oil trade. Indonesia and Malaysia are the world’s largest palm oil exporters.
 India is Asia’s largest importer of palm oil, accounting for 15% of global imports, followed by China (9%),
Pakistan (4%) and Bangladesh (2%).
Hurricane Ian: Cuban authorities declares emergencies in six areas
 Hurricane Ian has made landfall in western Cuba, bringing wind speeds of up to 205 kilometres
per hour.
 Cuban authorities declared emergencies in six areas, with forecasters warning of storm surges on
the coast along with flash floods and mudslides.
Learn Along:
Abour Cuba
Capital: Havana
Capital: Havana
President: Miguel Díaz-Canel
Asian Development Bank announces support of $14 billion for food security in Asia Pacific
 The Asian Development Bank (ADB) announced a $14 billion financial support for the food security
of the Asia Pacific region on September 27, 2022.
 ADB will continue to invest in other activities which contribute to food security such as energy
transition, transport, environmental management, health, and education.
 The multilateral funding agency is hosting its 55th annual meeting at its headquarters in Manila from
September 26-30, 2022 in a hybrid mode. 45 governors of the member nations are attending in person
after 2019. Others are available virtually.
Learn Along:
About ADB
 The (ADB) Asian Development Bank is a regional development bank.
 It was established on December 19, 1966.
 The bank is headquartered in the Ortigas Center situated in the city of Mandaluyong, Metro Manila,
Philippines.
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
The bank promotes social and economic development in Asia and maintains 31 field offices worldwide.
Initially, ADB has 31 members, while now it has 68 members.
STATES
Nua Khai' festival being celebrated in Odisha
 In Odisha, the 'Nua Khai' festival is being celebrated.
 In this festival, celebrated particularly in western odisha, the new rice of the season is offered to the
deities even before the crop is harvested.
 It symbolizes the socialising spirit of the rural community as reflected through Nua Khai Juhar- a
traditional Namaste offered by the younger to the elders and through the community feasting.
Learn Along:
About Odisha
Capital: Bhubaneswar
Chief minister: Naveen Patnaik
Governor: Ganeshi Lal
PM Modi Inaugurates & Lays Foundation Stone For Projects Worth Rs 3,800-Cr In Mangaluru
 Prime Minister Narendra Modi inaugurates and lays the foundation stone of mechanization and
industrialization projects worth Rs 3800 crores in Mangaluru.
 These projects will help in strengthening trade & commerce with an increase in ease of doing
business.
Learn Along:
About Karnataka
Capital: Bengaluru
Chief minister: Basavaraj Bommai
Governor: Thawar Chand Gehlot
Chhattisgarh CM gifts Rs 540 crore to new district of Sarangarh-Bilaigarh
 Chhattisgarh Chief Minister Bhupesh Baghel announced 46 different development programmes
worth Rs 540 crore to the residents of the newly formed district of Sarangarh-Bilaigarh.
 CM inaugurated Sarangarh-Bilaigarh and Khairagarh-Chhuikhadan-Gandai as the 30th and 31st
districts of the state.
 Bhupesh Baghel will also inaugurate a 50-seater hostel for Tribal Girls built by the Tribal
Development Department at the cost of Rs. 1 crore 52 thousand 97 hundred.
Learn Along:
About Chhattishgarh
Capital: Raipur
Chief minister: Bhupesh Baghel
Governor: Anusuiya Uikey
MoS Smt. Anupriya Patel lays foundation stone of 'Chunar Logistics Park' in Mirzapur, UP
 Minister of State (MoS) for Commerce & Industry, Smt. Anupriya Patel laid the foundation stone for
'Chunar Logistics Park' in Mirzapur, UP.
 'Chunar Logistics Park' will pave the way for development of the people of Chunar and surrounding
areas leading to a significant increase in employment generation.
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 It will also play an important role in promoting rail freight transportation and reduce logistics cost
and transit time, thereby giving a fillip to the local carpet and handicrafts industry.
Learn Along:
About Uttar Pradesh
Capital: Lucknow
Chief minister: Yogi Adityanath
Governor: Anandiben Patel
Varanasi nominated as the first-ever SCO Tourism and Cultural Capital at the 2022 SCO Summit
 The city of Varanasi has been nominated as the first-ever SCO Tourism and Cultural Capital
during the period 2022-2023 at the 22nd Meeting of Shanghai Cooperation Organization (SCO)
Council of Heads of State in Samarkand, Uzbekistan on September 16, 2022.
 The nomination of Varanasi as the first ever SCO Tourism and Cultural Capital will promote tourism,
cultural and humanitarian exchanges between India and the SCO member Countries.
Learn Along:
 The regulations for nomination of the SCO Tourism and Cultural Capital were adopted at the Dushanbe SCO
Summit in 2021 with an objective of promoting cooperation between the SCO Member States in the field of culture
and tourism.
About SCO(The Shanghai Cooperation Organisation)
Founded: 15 June 2001
Headquarters: Beijing, China
UP Assembly makes a day reserved for women members, inflation, unemployment at forefront
 The Uttar Pradesh Legislature made history on after both the Houses decided to reserve the day
for women legislators to speak.
 The women members spoke on issues like crimes against women, inflation and unemployment.
 The 403-member Uttar Pradesh Legislative Assembly has 47 women MLAs, including 22 firsttimers. There are six women MLCs in the 100-member Legislative Council.
UP: CM Yogi Adityanath to inaugurate Lata Mangeshkar Chowk in Ayodhya on her birth anniversary
 Uttar Pradesh Chief Minister Yogi Adityanath will inaugurate the Lata Mangeshkar Chowk in
Ayodhya on the occasion of 93rd birth anniversary of the late singer.
 A 40-ft-long Indian classical music instrument, the veena, weighing 14 tonnes, has also been installed.
UP Government approves first tiger reserve in Bundelkhand region
 To promote tiger reservation, the UP government approves the establishment of a tiger reserve in
the Bundelkhand region.
 The Uttar Pradesh cabinet approved the construction of the reserve under the Wildlife Protection
Act, 1972.
 The reserve is spanning across 52,989.863 hectares of land including 29,958.863 hectares of buffer
area and 23,031.00 hectares of the core area which was already notified as Ranipur Wildlife Sanctuary
in the Chitrakoot district.
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Ladakh to get India’s 1st ‘Night Sky Sanctuary’, to promote Astro Tourism in the Union Territory
 The Union Territory of Ladakh will get India’s 1st ‘Dark Sky Reserve’ which will be set up in the cold
desert regions of the Union Territory.
 The ‘Dark Sky Reserve’ will be set up in Henley and ready by December 2022 and will be used primarily
to promote and boost Astro-Tourism in the UT.
Learn Along:
About Dark Sky Reserve
 A Dark Sky Reserve, which is also known as a Night Sky Sanctuary, is a place which is developed specially
with a distinguished nocturnal environment and starry nights.
 The Sanctuary is also developed responsibility to limit the light pollution that may degrade the experience of
Astro-Tourism.
 Such a sanctuary should consist of a core area meeting that meets basic criteria for sky quality and natural
darkness. Along with this, the reserve should also have a peripheral area, which can support dark sky preservation
in the core.
About Ladakh
Union territory: 31 October 2019
India’s first Bio-Village setup in Daspara Tripura
 Tripura Government has setup India’s 1st Bio-Village at Daspara village of the state.
 The bio-villages have been setup in Tripura by the Directorate of Bio-Technology under the Science
and Technology department.
Learn Along:
About Bio-Village Concept
 Tripura Government plans to setup at least 100 bio-villages.
 Of these, 10 bio-villages have been already been completed, of which the 1st has been established at Daspara
in Charilam constituency of Sepahijala district.
About Tripura
Capital: Agartala
Chief minister: Manik Saha
Governor: Satyadeo Narain Arya
Gujarat: National Maritime Heritage Complex to build in Lothal
 Ministry of Ports, Shipping and Waterways is building the National Maritime Heritage Complex at
the historic Indus Valley civilisation region of Lothal in Gujarat with a total cost of 3500 crore rupees.
 This centre will showcase India’s rich and diverse maritime heritage.
 The commissioning of Phase 1A of this project is targeted to be completed by March 2024.
Government of Gujarat is playing vital role in this project.
Learn Along:
About Gujarat
Capital: Gandhinagar
Chief minister: Bhupendrabhai Patel
Governor: Acharya Devvrat
Cheetahs to arrive in MP’s Kuno National Park from Namibia on Sep 17
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 The cheetahs being brought from Namibia (in southern Africa) will reach Kuno-Palpur on September
17.
 Cheetahs went extinct in India in 1952.
 The ‘African Cheetah Introduction Project in India’ has been underway since 2009 and it picked
up speed in the last few years.
Learn Along:
About Madhya Pradesh
Capital: Bhopal
Chief minister: Shivraj Singh Chouhan
Governor:Shri Mangubhai Patel
About Kuno National Park:
 Kuno National Park is a national park in Madhya Pradesh, India, established in 1981 as a wildlife sanctuary
with an area of 344.686 km² in the Sheopur and Morena districts.
 In 2018, it was given the status of a national park.
 It is part of the Khathiar-Gir dry deciduous forests ecoregion.
Meghalaya CM launches ‘Residents Safety & Security’ portal
 Meghalaya chief minister Conrad K Sangma launched the online portal of the Meghalaya Residents
Safety and Security Act (MRSSA) in state capital Shillong.
 The digitised system will not only ensure the safety and security of the residents, but it will also
act as a strong intelligence gathering system for authorities.
 It will be beneficial for monitoring and better implementation of other services and programmes
of the government.
 The digitisation process will connect more than 6,000 villages in the state to the online system.
 The web-based system is first being rolled out in seven localities of Shillong- Nongrim Hills,
Lapalang, Nongmynsong, Nongrah, Pohkseh, Riat Laban and Wahdienglieng.
Learn Along:
About Meghalaya
Capital: Shillong
Governor: Satya Pal Malik
CM: Conrad Sangma
Nagaland holds its first ever Naga Mircha Festival at Seihama
 In a first of its kind in Nagaland, Naga Mircha (Naga King Chilli) Festival 2022 was organised at
Seiyhama Village under Kohima district.
 Around 200 households are now engaged in the Naga mircha cultivation.
 The village generated an amount of 27 lakh rupees last year, and it expects to earn triple the amount
this year.
 Naga Mircha was the first product to receive a GI tag from Nagaland.
Learn Along:
About Nagaland
Founded: 30 November 1963
Capital: Kohima
Chief minister: Neiphiu Rio
Government approves the inclusion of tribes of five States in the ST category
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 The Union Cabinet approved the inclusion of some castes of Tamil Nadu, Karnataka, Chhattisgarh,
Himachal Pradesh, and Uttar Pradesh in the list of Schedules Tribes.
 The Cabinet in its latest decision granted the status of ST to the Hattee community of Himachal
Pradesh’s, Sirmaur district, Gonds’ along with its five sub-castes in the Bhadohi district of Uttar
Pradesh, ‘Narikoravan along with the Kurivikkaran’ community of Tamil Nadu, Betta-Kuruba’
community of Karnataka and 12 caste communities of Chhattishgarh.
Learn Along:
About Uttar Pradesh
Capital: Lucknow
Chief minister: Yogi Adityanath
Governor: Anandiben Patel
About Tamil Nadu
Capital: Chennai
Chief minister: M. K. Stalin
Governor: R. N. Ravi
About Karnataka
Capital: Bengaluru
Chief minister: Basavaraj Bommai
About Chhattisgarh
Capital: Raipur
Chief minister: Bhupesh Baghel
About Himchal Pradesh
Capitals: Shimla (Summer), Dharamshala (Winter)
Governor: Sh. Rajendra Vishwanath Arlekar
Governor: Thawar Chand Gehlot
Governor: Anusuiya Uikey
Chief minister: Jai Ram Thakur
Uttar Pradesh tops in country, 8462 lakes developed under Mission Amrit Sarovar
 With construction of a total of 8,462 Amrit Sarovars (lakes), Uttar Pradesh has topped among
states in the implementation of Mission Amrit Sarovar, which is aimed at conserving water for the
future.
 Madhya Pradesh is ranked second, Jammu and Kashmir third, Rajasthan fourth and Tamil Nadu
fifth in the implementation of Mission Amrit Sarovar.
Learn Along:
About Mission Amrit Sarovar
 With a view to conserve water for the future, the Prime Minister has launched a new initiative named Mission
Amrit Sarovar on 24th April 2022.
 The Mission is aimed at developing and rejuvenating 75 water bodies in each district of the country as a part
of celebration of Azadi ka Amrit Mahotsav.
India's First Forest University to Come Up in Telangana
 The Telangana legislative assembly approved the University of Forestry (UOF) Act 2022 .
 The ‘University of Forestry (UOF) will be the first of its kind in the country. With only Russia and
China having forest universities in the world, globally, this will be the third university of forestry.
 The Government of Telangana has decided to expand Forest College and Research Institute (FCRI)
in Hyderabad into a full-fledged university.
Learn Along:
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 The Telangana Government under its flagship programme, ‘Telangana Ku Haritha Haram’ has so far planted 268.83
crore seedlings. Due to consistent efforts of the government over the last eight years, green cover in the state has
increased by 7.7 per cent and forest cover by 6.85 per cent, according to India State of Forest (ISFR 2021) by Forest
Survey of India.
About Telangana
Founded: 2 June 2014
Chief minister: K. Chandrashekar Rao
Capital: Hyderabad
Governor: Tamilisai Soundararajan
The first from North East to cross North Channel: Elvis Ali Hazarika
 Elvis Ali Hazarika a Veteran Assamese swimmer has become the first from the North East & the
oldest Indian swimmer to cross the North Channel.
 Elvis also became the first Assamese to successfully swim from Dharamtar Jetty to the Gateway
Of India, the Arabian Sea, in November 2021.
 In 2019, he became the first person from Assam to swim across the Catalina Channel in the United
States of America.
Learn Along:
About North Channel
 The North Channel starts north of the Isle of Man, where the Irish Sea ends, and flows northwest into the Atlantic
Ocean.
 The narrowest part of the strait lies between Mull of Kintyre and Torr Head. The width of the channel here is
19 kilometers.
 The deepest part is known as Beaufort’s Dyke. The North Channel is a part of the marine area and International
Hydrographic Organisation officially classifies it as the “Inner Seas off the West Coast of Scotland”.
India’s first Dugong conservation reserve notified in Tamil Nadu
 Tamil Nadu has notified the nation’s first “Dugong Conservation Reserve’ in Palk Bay on
September 21, 2022 to protect the endangered Dugong species and its marine habitats.
 The area covers the coastal waters of Thanjavur and Pudokottai districts with an area of 448
square kilometres.
 Currently, there are approx 240 Dugongs in India and most of them are found on the Tamil Nadu
Coast.
Learn Along:
About the Dugong
 Dugongs are the largest herbivorous marine mammals that basically thrive on seagrass beds.
 Dugongs are safeguarded under Schedule 1 of the Wild Life (Protection) Act, 1972.
 It is the only living organism of the once-diverse family Dugongidae.
 Conserving dugongs will help to save and improve seagrass beds and sequester more atmospheric
carbon.
 For many commercially valuable fishes and marine fauna, seagrass beds are the breeding and feeding
grounds. Hence, thousands of fishers and their families directly depend on dugong habitats for their living.
About Tamil Nadu
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Capital: Chennai
Chief minister: M. K. Stalin
Governor: R. N. Ravi
Odisha releases India’s first tribal community-based encyclopedia
 Odisha became the first state to publish an encyclopedia based on tribal communities.
 The “Encyclopedia of Tribes in Odisha” was unveiled by state chief minister Navin Patnaik on
September 26, 2022.
 The encyclopedia documents the unique and old-age traditions and culture of Odisha. Schedule
Castes and Scheduled Tribes Research and Training Institute (SCSTRTI) and Odisha State Tribal
Museum published the encyclopedia.
 Tribes constitute 22.85% of the population in Odisha. A total number of 62 tribal communities live in
the state.
Learn Along:
 The numbers as a percentage of the total population are higher in Jharkhand and Chhattisgarh, but Odisha has
the most diverse tribal communities in the country.
About Odisha
Capital: Bhubaneswar
Chief minister: Naveen Patnaik
Governor: Ganeshi Lal
REPORTS AND INDEXES
UNESCO Global Network of Learning Cities 2022
 Three Indian Cities namely - Telangana’s Warangal, Kerala’s Thrissur & Nilambur have been
inducted into the UNESCO Global Network of Learning Cities 2022 List.
 The Three Indian Cities were part of the 77 cities from 44 countries, which were recently inducted into
the UNESCO GNLC List. In total, the list consists of 294 cities from across the world, which have been
bestowed with this distinct honour.
 The UNESCO GNLC - Global Network of Learning Cities, is an international network of cities that
promote “lifelong learning across their communities.”
 These cities are known to share inspiration, know-how and best practices to promote lifelong
learning for the cities.
 Other notable cities which have been featured on UNESCO GNLC include Ukrainian capital Kyiv,
Durban in South Africa and Sharjah in the United Arab Emirates among othersA.
Learn Along:
About a Learning City
 A city is given the tag of a Learning City and is inducted as part of the Global Network if it promotes:
o Inclusive learning from basic to higher education
o Learning at the family and community level
o Learning at workplace
o Use of Modern Learning Technologies
o Quality and Excellence in Learning
o Culture of Learning for life-long
About UNESCO Global Network of Learning Cities (GNLC)
 The UNESCO GNLC was launched in 2013 by the UNESCO Institute for Lifelong Learning.
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 The key objective of UNESCO GNLC was to promote social cohesion, economic development and sustainability
in urban areas.
 The institute recognizes cities which promote lifelong learning among local communities and connects them
with each other for knowledgetransfer.
India's air traffic may grow annually by an average 7% till 2040: Boeing

According to the data provided by Boeing, the country’s air traffic will grow by an average of seven
percent per year till 2040 even as the country’s carriers face challenges like high fuel prices, rupee
depreciation and low fares.India’s air traffic will grow 6.9 percent till 2040, the south-east Asian
market will grow at an average annual rate of 5.5 percent. The Chinese, African, and Latin
American markets will grow at an average annual rate of 5.4 percent, 5.4 percent, and 4.8 percent
by 2040.
Urban unemployment rate dips to 7.6% in April-June 2022: CMIE

According to Centre for Monitoring Indian Economy (CMIE), which provides more frequent insights into
the employment-unemployment scenario, urban joblessness rate was 9.22% in April, 8.21% in May
and 7.3% in June, 2022.

During the April-June 2022 period, unemployment for urban males for all ages was 7.1%. It was 9.5%
for their female counterparts. At 12.8%, urban Rajasthan had the highest unemployment rate
among all major states. Labour force participation rate, which is defined as the percentage of
population in the labour force for all age group during the April-June 2022 period was 37.2%, little
higher than 37.1% in the corresponding period last year.Worker population ration (WPR), defines
as the percentage of workers in the population, stood at 34.4% during the April-June quarter of the
current fiscal, higher than 32.4% a year ago.
Learn Along:
The Centre for Monitoring Indian Economy is an independent private limited entity that serves both as an economic
think-tank as well as a business information company. CMIE research group has built databases on the Indian
economy and private companies.
UIDAI tops in Grievance Redressal Index during August 2022
 Unique Identification Authority of India (UIDAI) has topped amongst all Ministries/Departments for
resolving Public Grievances in the ranking report published by Department of Administrative
Reforms and Public Grievances (DARPG) for the month of August 2022.UIDAI has been a top
performer in resolution of cases received through Centralized Public Grievance Redress and
Monitoring System (CPGRAMS).UIDAI is further committed to serve residents of India, and has
been a catalyst for both ease of living and ease of doing business.
Learn Along:
About UIDAI
 The Unique Identification Authority of India is a statutory authority established under the provisions of
Aadhaar act 2016 by the Govt. of India under the Ministry of Electronics & Information Technology.
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 Its vision is to empower residents of India with a unique identity and a digital platform to authenticate
anytime, anywhere.
 Unique Identification Authority of India (“Authority/UIDAI”) has its Headquarters (HQ) in New Delhi and eight
Regional Offices (ROs) across the country.
 UIDAI has two Data Centres, one at Hebbal (Bengaluru), Karnataka and another at Manesar (Gurugram),
Haryana.
Maharashtra, Andhra Pradesh, Gujarat top states in implementing Poshan Abhiyaan scheme: Niti
Aayog report

According to the report titled ‘Preserving Progress on Nutrition in India: Poshan Abhiyan in Pandemic
Times’ by Niti Aayog- Maharashtra, Andhra Pradesh and Gujarat have been ranked as the top
three states among larger states in terms of the overall implementation of the Centre’s flagship Poshan
Abhiyaan.Sikkim emerged to be the best performer amongst smaller states.The report further stated
that 12 out of 19 large states had an implementation score of over 70 per cent.

While Dadar and Nagar Haveli and Daman and Diu topped among Union Territories (UTs), Punjab
and Bihar were the lowest performers among larger states in terms of the overall implementation
of Poshan Abhiyaan.The coverage remained low in Bihar, Punjab,Sikkim & Jammu and Kashmir
as well.It also pointed out that only 17 states and UTs had more than 75 per cent of children 12-23
months of age who were fully immunised, while 11 states and UTs had less than 25 per cent fully
immunised children.

It also showed that 16 states and UTs had more than 75 per cent of children (0-59 months) diarrhoea
cases treated with ORS, while there were 5 states and UTs that treated less than 25 per cent of child
diarrhoea cases with ORS. The report stressed the need of accelerating the use of funds released for
Poshan Abhiyaan and ensuring an adequate number of health facilities and supplies.
Learn Along:
Poshan Abhiyaan was launched by Hon’ble Prime Minister on 8th March, 2018 in Jhunjhunu district of Rajasthan.
The focus of Abhiyaan is to lay emphasis on nutritional status of adolescent girls, pregnant women, lactating mothers
and children from 0-6 years age. The programme, through use of technology, convergence and community
involvement with a targeted approach strives to reduce the level of stunning, under-nutrition, Anemia and low birth
weight in children, as also focus on adolescent girls, pregnant women and lactating mothers, thus holistically
addressing malnutrition.
India’s external debt rises by 8.2 pc to over USD 620 bn till March 2022

Finance Ministry's Department of Economic Affairs has released the 28th edition of the Status
Report on India’s External Debt 2021-22. According to it, India’s external debt was over 573 billion
dollar at the end of March,2021.Commercial borrowings, Non-resident Indians (NRIs) deposits, shortterm trade credit and multilateral loans together accounted for 90 per cent of the total external debt.
According to report, the External debt as a ratio to Gross domestic product (GDP) fell marginally
to 19.9 per cent as of March this year, from 21.2 percent a year ago.
Learn Along:
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The Department of Economic Affairs (DEA), Ministry of Finance, assists the Central Government in maintaining
sound public finances through efficient use of the nation's economic resources, promoting conditions that accelerate
sustainable economic growth through developing sound economic policies and preparing for future economic
challenges and opportunities, and leading India's bilateral and multilateral and financial engagements.
UNESCO Global Network of Learning Cities 2022
 Three Indian Cities namely - Telangana’s Warangal, Kerala’s Thrissur & Nilambur have been
inducted into the UNESCO Global Network of Learning Cities 2022 List.
 The Three Indian Cities were part of the 77 cities from 44 countries, which were recently inducted into
the UNESCO GNLC List. In total, the list consists of 294 cities from across the world, which have been
bestowed with this distinct honour.The UNESCO GNLC - Global Network of Learning Cities, is an
international network of cities that promote “lifelong learning across their communities.” These cities are
known to share inspiration, know-how and best practices to promote lifelong learning for the
cities. Other notable cities which have been featured on UNESCO GNLC include Ukrainian capital
Kyiv, Durban in South Africa and Sharjah in the United Arab Emirates among othersA.
Learn Along:
About a Learning City
 A city is given the tag of a Learning City and is inducted as part of the Global Network if it promotes:
o Inclusive learning from basic to higher education
o Learning at the family and community level
o Learning at workplace
o Use of Modern Learning Technologies
o Quality and Excellence in Learning
o Culture of Learning for life-long
About UNESCO Global Network of Learning Cities (GNLC)
 The UNESCO GNLC was launched in 2013 by the UNESCO Institute for Lifelong Learning.
 The key objective of UNESCO GNLC was to promote social cohesion, economic development and sustainability
in urban areas.
 The institute recognizes cities which promote lifelong learning among local communities and connects them
with each other for knowledgetransfer.
India edges out China in creating new unicorns in H1CY22: Hurun report

According to the Hurun Global Unicorn Index 2022, India overtook China to add the most number
of new unicorns--start-ups valued at $1 billion or more--in the first half of 2022. India added 14 new
unicorns in the period (H1 2022) and China had 11.The US led the ranking by adding 138 start-ups
in the unicorn club. As many as 254 new unicorns were added globally during H1 2022. The US
tops the list, with 625 unicorns. It is followed by China with 312 and India is in the third spot with
68.
Consumer durables sector revenue to rise 15-18% to cross Rs 1 trn in FY23- CRISIL Report

According to the CRISIL Report, despite increasing margin pressure, the consumer durables sector is
likely to witness a double-digit volume growth, pushing its revenue up by 15-18 percent to Rs 1 lakh
crore this fiscal, according to a report.
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
According to the report,a 10-13 percent spike in demand/volume, which will be driven by both urban
and rural segments -- led mostly by the AC and refrigerator segments, though rural demand will come
into play in the second half of the fiscal.
Learn Along:
CRISIL
Headquarters: Mumbai
CEO: Amish Mehta
UNDP Human Development Index2021: India Ranks 132 out of 191 Countries
 The United Nations Development Programme (UNDP) released a detailed report ranking countries
from across the world on factors that measure human development. The report published by the
UNDP points out some crucial points which explain India’s continued decline in the Human
Development Index.
 India continued its decline in the UNDP Human Development Index 2021, ranking 132 out of 191
Countries. This is lower as compared to its HDI value of 0.645 in the 2020 report, which had placed
it in 131st Rank in a list of 189 countries.
Some Key Points:
 Drop in Life Expectancy: In 2021, the life expectancy of Indians fell from 69.7 years to 67.2 years
during the survey period. This has been attributed to the COVID-19 pandemic and the deadly second
wave which led to thousands of deaths across the country.
 Drop in Schooling Years: Along similar lines, expected schooling years for an Indian also declined
from 12.2 years in 2020 to 11.9 years in 2021. But on the flipside, the mean average of Schooling Years
in India grew marginally from 6.5 years to 6.7 years during the survey period.
 Drop in Female Life Expectancy: While life expectancy in general, saw a decline, the drop was
significant among females. Female Life Expectancy in the UNDP’s HDI report was reported at 11.9
years, lower compared to the previous standard of 12.9 years.
 Drop in Female School Years: Similarly, the schooling years reported for female students also
reported a decline from 12.6 to 11.9 years
Human Development Index - Top 10 Countries
Rank
Country
1
2
3
4
Switzerland
Norway
Iceland
5
6
7
8
9
10
Hong Kong, China (SAR)
Australia
Denmark
Sweden
Ireland
Germany
Netherlands
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India’s Neighbours’ Ranks
S.No
India’s Neighbours’
Ranks Overall
1
Sri Lanka
73
2
China
19
3
Bhutan
127
4
Bangladesh
129
5
India
132
6
Nepal
143
7
Pakistan
161
Learn Along:
About UNDP Human Development Index
 Human Development Index is a measure of a nation's health, education, and average income .
 The UNDP HDI Report is an annual survey report which is released by the United Nations Development
Programme.
 The report analyses a country’s achievement on Human Development Index based on its performance in the
following matrices:




Life Expectancy at Birth
Mean Years of Schooling
Expected Years of Schooling
Gross National Income (per capita)
Fortune India Rich List 2022: 142 billionaires worth $832 billion


According to the Fortune India’s list of ‘India’s Richest’ for 2022 made in collaboration with the Waterfield
Advisors, the wealth of 142 billionaires based in India is collectively worth $832 billion (Rs 66.36 trillion).
The top ten richest among Indians for 2022 areRANK
PERSON
VALUE (Rs Trn )
1
Gautam Adani
10.29
2
Mukesh Ambani
7..55
3
Shapoor and Cyrus Mistry Family
2.57
4
Radhakrishan Damani
2.19
5
Azim Premji
1.74
6
Cyrus Poonawalla
1.62
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RANK
PERSON
VALUE (Rs Trn )
7
Shiv Nadar
1.57
8
Kumar Mangalam Birla
1.53
9
Adi Godrej & Family
1.40
10
Shekhar, Niraj ,Rajiv & Sanjiv Bajaj
1.21
India's hiring outlook ranked second globally: ManpowerGroup report

According to the report titled ManpowerGroup Employment Outlook Survey been published by the
Manpower Group, India has the strongest net employment outlook for the December quarter in the
Asia-Pacific region, followed by China (46 percent), and Australia (38 percent).India has the best
hiring outlook globally, second only to Brazil, with 54 percent of companies surveyed planning to
hire in the December quarter as against 51 percent in the September quarter.

According to the Manpower Group, the global net employment outlook in the December quarter would
stand at 30 percent, down by three percentage points from the June-September quarter, yet six
percentage points higher than the same period in 2021.The report shows that globally,organisations in
the IT industry report the most optimistic outlook (42 per cent), followed closely by banking (37
percent), restaurants and hotels (33 percent), real estate (30 percent), and manufacturing (30
percent).
India June quarter GDP growth second worst among G20 nations: OECD

According to the data gathered by OECD, India’s gross domestic product (GDP) in the June
quarter contracted 1.4 percent quarter-on-quarter, when adjusted for seasonality, and was the
second worst performance among the G20 countries — the first being China.In India, the main
reasons for the slowdown were decreases in government spending and net trade (exports minus
imports) as pointed out by OECD.Saudi Arabia (2.2 percent) and Turkiye (2.1 percent) registered the
highest growth in the quarter.
Learn Along:
OECD
Headquarters: Paris,France
Secretary General: Mathias Cormann
The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from 19
countries and the European Union (EU). Founded in 1999 with the aim to discuss policy pertaining to the promotion
of international financial stability.
TCS becomes India's most valuable brand in 2022 - Kantar BrandZ report

According to the report provided by KantaBrandZ, Tata Consultancy Services (TCS) is India’s
most valuable brand in 2022 replacing HDFC Bank, which held the number one spot since 2014.The
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report also showed that India’s top-75 brands are worth $393 billion. The list of top 10 valuable
brands are as follows-

RANK
BRAND
1
TCS
2
HDFC Bank
3
Infosys
4
Airtel
5
Asian Paints
6
SBI
7
LIC
8
Kotak Mahindra Bank
9
ICICI Bank
10
Reliance Jio
New brands, which made it to India’s most-valuable brands this year include Vi (15), formed from a
merger between Vodafone and Idea. Byju’s (19) has become India’s most-valuable education
brand, and Adani Gas is ranked 21.
Learn Along:
TCS
Headquarters: Mumbai
CEO: Rajesh Gopinath
Discrimination accounts for 100% employment inequality for women in rural India: Oxfam

According to the findings of the Oxfam India Discrimination Report 2022, discrimination accounts
for 100 percent of the employment inequality women face in the labour market in rural areas and
98 per cent in urban areas.The report indicates discrimination being a driving factor behind the low
women’s Labour Force Participation Rate (LFPR) in the country.

According to the Union Ministry of Statistics and Programme Implementation (MoSPI), the LFPR
for women in India was only 25.1 per cent in 2020-21 in both urban and rural areas. The LFPR for
women in India has rapidly declined from 42.7 per cent in 2004-05 to a mere 25.1 per cent in 2021,
showing the withdrawal of women from the workforce despite a rapid economic growth in the period.

In 2019-20, 60 percent of all males aged 15 years and above had regular salaried and selfemployed jobs, while 19 per cent of all similarly-aged females had regular and selfemployment.There is also a significant gap in the earnings between men and women in the case of
regular and self-employment in urban areas.The average monthly earning is Rs 15,996 for men and
merely Rs 6,626 for women in urban areas in self-employment.
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Andhra Pradesh tops list of states in attracting industrial investments in India; AP, Odisha attract
maximum investment during Jan-Jul 2022 – DPIIT


According to a report by the Department for Promotion of Industry and Internal Trade (DPIIT),
Andhra Pradesh has topped the list of states in attracting industrial investments in the first seven
months of 2022, garnering Rs 40,361 crore.
Andhra Pradesh and Odisha combined have bagged 45 percent of the total investment. Odisha
attracted industrial investments worth Rs 36,828 crore during the period, while with Rs 20,949-crore
of actual investment, Maharashtra stood at third position. Gujarat with Rs 17,620 crore investment
was ranked fourth on the list.Actual investment means the implementation of industrial entrepreneurial
memorandums (IEMs), also known as the filing of Part B of IEMs.All industrial projects which file IEMs are
required to report commencement of commercial production.
Learn Along:
The Department for Promotion of Industry and Internal Trade (DPIIT) comes under the Ministry of Commerce
and Industry. This department is in the charge of the promotion of internal trade (including retail trade), the welfare of
traders and their employees, matters relating to facilitating Ease of Doing Business, and matters relating to start-ups.
Indian Billionaire Gautam Adani becomes world’s second richest man, overtaking Jeff Bezos
 According to the Forbes real-time Billionaires list, Adani Group's Chairperson and Indian billionaire
Gautam Adani surpassed Amazon's Jeff Bezos to become the world's second richest person.Adani's
net worth is approximated to be around $155.7 billion up by $5.5 billion, according to Forbes realtime Billionaires list. Tesla's Elon Musk, remains the world's richest man with a $273.5 billion net
worth, as per Forbes' real-time data. France's Bernard Assault is third on the list with his family's net
worth totaling around $155.2 billion.
Federal Bank ranked 63rd in Best Workplaces in Asia 2022 - Great Place to Work

Federal Bank was ranked 63rd on the Best Workplaces in Asia 2022 and becomes the only bank in
India to be listed by Great Place to Work, the global authority on workplace culture.The list is based
on over one 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, 88 per cent of
employees at the best workplaces in Asia on average reported having a positive employee
experience. For the average global workforce, only 55 per cent of workers report a similarly
positive experience.
Learn Along:
Federal Bank
Registered & Corporate Office:Kochi, Kerela
CEO: Shyam Shrinivasan
Management Effectiveness Evaluation (MEE-ZOO) report 2022
 The Ministry of Environment, Forest and Climate Change had recently released the Management
Effectiveness Evaluation (MEE-ZOO) report 2022, which was created based on the survey of zoos
across India.India currently has 147 recognized zoos, which are categorized as large (17), medium
(23), small (33), mini-zoos (60) and rescue centres (14).The recent MEE-ZOO evaluated the 39 zoos
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under the categories large and medium.The zoos were evaluated on six elements – context,
planning, input, process, output and outcomes.
Category
Large zoo category
Medium Zoo Category
Zoo
State
Vandalur Zoo
Tamil Nadu
Sri Chamarajendra Zoological Gardens
Karnataka
Sakkarbaug Zoological Park
Gujarat
Padmaja Naidu Himalayan Zoological Park
West Bengal
Alipore Zoological Garden
West Bengal
Madras Crocodile Bank Trust/Centre for
Herpetology
Tamil Nadu
Learn Along:
About Vandalur Zoo
 The Arignar Anna Zoological Park, also known as Vandalur Zoo, is a zoological garden situated in Vandalur, in
the southwestern part of Chennai, Tamil Nadu. It was established in 1855 as the first public zoo in India.
About The Ministry of Environment, Forest and Climate Change
Officeholder: Bhupender Yadav (Union Minister)
Bank NPAs loans may drop to 5% by March 2023 on economic rebound: CRISIL

According to the rating agency CRISIL,the asset quality of banks is reflecting improvement and their
gross non-performing assets (GNPAs) are expected to decline to 5.0 percent by March 2023.
They may even touch a decadal low of about 4 percent by March 2024, riding on post-pandemic

economic recovery and higher credit growth.
The biggest improvement will be in the corporate segment, where gross NPAs are seen falling
below two per cent next fiscal, from a peak of about 16 percent as on March 31, 2018.While the
corporate segment continues to improve and retail stays resilient, asset quality of Micro, Small and
Medium Enterprises (MSMEs) is to be monitored. Gross NPA in the MSME segment, which suffered
the most during the pandemic, may rise to 10-11 per cent by March 2024 from about 9.3 per cent
as on March 31, 2022.
Learn Along:
CRISIL
Headquarters:Mumbai
MD & CEO: Amish Mehta
Nikhil Kamath tops Hurun's under 40 rich list, Ola CEO in 2nd spot

According to ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’,with a wealth of Rs 17,500
crore, Zerodha’s founder Nikhil Kamath, 36, tops a self-made rich list of individuals under 40
years. As per the report, Kamath is followed by Bhavish Aggarwal of Ola Electric with a wealth of
Rs 11,700 crore and Media Network’s Divyank Turakhia with a wealth of Rs 11,200 crore. The
Hurun India rich list has 53 entrepreneurs under 40 years of age.
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Taj Mahal most ticketed ASI site for domestic tourists in FY22: Ministry of Tourism Report

According to the India Tourism Statistics 2022 report released by Ministry of Tourism, the Taj
Mahal, a UNESCO world heritage site, was among the 10 most popular centrally-protected
ticketed monuments for domestic visitors in 2021-22.While the Mughal-era mausoleum ranked
first, the Red Fort and the Qutub Minar both UNESCO-recognised sites in Delhi were the second
and third most visited sites.

In 2021-22, the total number of domestic visitors stood at 2,60,46,891, while the corresponding figure
in 2020-21 was 1,31,53,076, marking a 98 percent on-year growth.The total number of foreign visitors
for 2021-22 was 3,18,673, declining 23.4 per cent on year from 4,15,859 in 2020-21, according to the
data provided by the Ministry.
Learn Along:
Ministry of Tourism
Union Minister: G.Kishan Reddy
CRED, upGrad, Groww on LinkedIn's 'Top Startups in India' list

According to LinkedIn 'Top Startups List' 2022 ,Unified payment interface CRED, online higher
education firm upGrad and investment platform Groww have topped the list for this year.

CRED valued at USD 6.4 billion, topped the list of startups, followed by upGrad and Groww in the
second and third place, respectively.This year's list also features new entrants, including e-grocery
company Zepto (at the fourth place), full-stack car buying platform Spinny (7th), and insurtech startup
Ditto Insurance (12th).

Fitness platform Ultrahuman ranked 19th on the list, while organic food marketplace Living Food
(20th) also debuted on this year's list by enabling consumers to lead a conscious and healthy
lifestyle.The top ten startups on the list also include Skyroot Aerospace (5th), MBA Chai Wala (6th),
The Good Glamm Group (8th), GrowthSchool (9th) and BluSmart (10th). Among the top 25
startups, 13 were from Bengaluru.
Global Innovation Index 2022: India up 6 spots, first time in top 40

According to the data released by World Intellectual Property Organisation (WIPO) in its Global
Innovation Index 2022, India rose to 40th among 132 countries in the Global Innovation Index
2022, jumping six places from a year ago.This was mainly due to an improvement in information and
communication technologies (ICT) services exports, venture capital recipients’ value as well as finance
for start-ups.

India’s rank has risen by 41 places since 2015, when it was at the 81st spot. The country’s rank
stood at 46 in 2021 in this index that tracks innovation both in government policies and industry
practices.Switzerland, the US, Sweden, the UK and the Netherlands are the world’s most
innovative economies, with China on the threshold of the top 10. Other emerging economies are
also showing consistently strong performance, including India and Turkey, both of which entered
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the top 40 for the first time. India has also overtaken Vietnam (48th) as the top lower middleincome economy for innovation.
Learn Along:
World Intellectual Property Organization
Headquarters: Geneva, Switzerland
Director General: Daren Tang
SCIENCE AND TECHNOLOGY
Ghatiana Dwivarna - New Crab Species discovered in Uttara Kannada
 New Crab Species named Ghatiana Dwivarna has been discovered from Yellapur taluk of Uttara
Kannada in Karnataka.
 It is discovered by Wildlife enthusiast and photographer Gopal Krishna Hegde and Forest Guard
Parashuram Bhajantri.
 The discovery of Dwivarna takes the total tally of Crab species in the world to 125 out of which
75 are found in India.
 Of the 75 Indian Carb Species, 13 are from the Ghatiana genus in India.
 Dwivarna is also the 14th freshwater crab to be found under the Ghatiana genus.
Learn Along:
About Ghatiana Dwivarna
 Ghatiana Dwivarna is a freshwater crab which belongs to the Ghatianagenus.
 The crab has white head and a purple body.
 In terms of size, a female crab is about 29 x 15 mm while a male Dwivarna crab is 24 x 13 mm.
 Dwivarna is found in the holes found in laterite rocks on the elevated mountains of the Central Western Ghats
(south of Goa-Nilgiris) region.
About Karnataka
Capital: Bengaluru
Chief minister: Basavaraj Bommai
Governor: Thawar Chand Gehlot
James Webb Telescope finds an Exoplanet bigger than Jupiter outside our Solar System
 James Webb Telescope has captured the first image of an Exoplanet, a planet-like body lying outside
the realm of our Solar System.
 The Exoplanet dubbed HIP 65426 b is 12 times larger than Jupiter, which is the largest planet in the
Milky Way.
 The planet was first spotted in 2017 using the SPHERE instrument on the European Southern
Observatory’s Very Large Telescope in Chile.
Learn Along:
About Exoplanet HIP 65426
 The Exoplanet HIP 65426 b is younger, as compared to Earth but is large in terms of size.
 The total mass of the newly found Exoplanet is around 6 to 12 times Jupiter - the largest planet in our Solar
System.
 The new planet is only 15 to 20 million years old, while Earth is 4.5 billion-year-old.
India gets its first nasal COVID vaccine
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 Bharat Biotech has received emergency use authorization for India’s 1st needle-free intranasal
COVID-19 vaccine named ChAd36-SARS-CoV-S COVID-19 (Chimpanzee Adenovirus Vectored)
recombinant nasal vaccine.
 As of now, the Drugs Controller General of India (DCGI) has approved the intranasal vaccine for
restricted emergency use in those aged above 18 years.
Learn Along:
About Bharat Biotech
Founded: 1996
Founders: Krishna Ella, Suchitra Ella
About DGCI
Constituting instrument: Drugs and Cosmetics Act, 1940
Current DGCI: Dr. V. G. Somani
Women in Engineering, Science, and Technology (WEST): Launching of a new I-STEM initiative
 A new I-STEM (Indian Science Technology and Engineering facilities Map) initiative called
“Women in Engineering, Science, and Technology (WEST)” was launched on 5th September 2022.
 The WEST programme will cater to women with a STEM background and empower them to
contribute to the science, technology, and innovation ecosystem.
 Through the WEST initiative, I-STEM shall provide a separate platform to scientifically inclined
women researchers, scientists, and technologists for pursuing research in basic or applied sciences in
frontier areas of science and engineering.
Learn Along:
About I-STEM
 I-STEM is a national web portal for sharing research equipment/facilities and is the umbrella under which many
programmes for promoting collaborations in R&D and technological innovation among and between academia
and industry, especially startups, are underway.
India’s first Lithium Cell Manufacturing Plant
 The Minister of State for Electronics and Information Technology, will launch the pre-production
run of India’s first lithium cell manufacturing facility at Tirupati, Andhra Pradesh, on September
16, 2022.
 This state-of-the-art facility has been set up with an outlay of Rs. 165 crores by Chennai-based Munoth
Industries Limited.
 The presently installed plant’s capacity is 270 Mwh and it can produce 20,000 cells of 10Ah
capacity daily.
Learn Along:
About the ministry of Electronics and Information Technology
Officeholders: Ashwini Vaishnaw (Minister), Rajeev Chandrasekhar (Minister of State)
China create world’s first cloned wild Arctic wolf ‘Maya’
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 For the first time in the world, a wild Arctic wolf was successfully cloned by a Beijing-based gene
firm.
 The cloning of the Arctic wolf also called polar or white wolf is considered a milestone achievement
in saving rare and endangered species through cloning technology.
Learn Along:
About Arctic wolf
The arctic wolf is also called a polar or white wolf. It is a subspecies of the grey wolf found in the High Arctic tundra
region of Canada’s Queen Elizabeth Island. Arctic wolves spend their lives north of the northern treeline. The animal is
medium-sized and distinguished from the northwestern wolf by its smaller size, narrower braincase, white coloration,
and larger carnassials.
India gets its first avalanche monitoring radar in Sikkim
 An avalanche monitoring radar, the first of its kind in India, has been installed in North Sikkim by
the Army and Defence Geoinformatics and Research Establishment.
 It can detect avalanches within three seconds of its trigger and will assist in saving lives of troops
and reducing damage to property.
 The radar was made operational by DGRE, a lab under the Defence Research Development
Organisation (DRDO), which is involved in forecasting and mitigation of avalanche hazards faced by
the Army in the Himalayan region.
Learn Along:
About DRDO
Founded: 1958
Headquarters: New Delhi
MoU signed between International Solar Alliance(ISA) and international Civil Aviation Organisation
(ICAO)
 A Memorandum of Understanding (MoU) was signed between International Solar Alliance (ISA) and
ICAO on 42th Session of International Civil Aviation Organisation (ICAO) Assembly in Montreal on
26 September 2022.
 It will work towards providing information, providing advocacy, capacity building and
demonstration projects. It will enable the solarization of aviation sector across all Member States.
Learn Along:
About ISA
Founded: 30 November 2015
Headquarters: Gurugram
Director General: Ajay Mathur
 The ISA is an alliance of 121 signatory countries and 32 partner organizations including many UN organizations.
 ISA works for efficient consumption of solar energy to reduce dependence on fossil fuels.
 India has pledged for Net Zero Carbon goal in 2070 in COP 26.
 India has pledged a target of installing 175 GW of renewable energy of which 100 GW will be solar energy by
2022 and reduction in emission intensity by 33-35% by 2030, to let solar energy reach the most unconnected
villages and communities.
 Cochin International Airport in India became the world’s first fully Solar powered airport in the world in 2015
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Hitachi Astemo installs its first solar power plant in India
 Hitachi Astemo has installed its India's first solar power plant at Jalgaon manufacturing plant in
Maharashtra.
 The 3 megawatts (MW) solar power plant will be built in an area of 43301 sqm.
 With this plant, the company would be able to eliminate close to 4000 tons of carbon dioxide
emissions each year. This will be equal to planting around 1,50,000 trees.
Learn Along:
 Hitachi Astemo is a known for the development, manufacture, sale, and service of automotive and
transportation components.
 Hitachi is working to reduce its carbon emissions and become carbon neutral by 2050.
About Maharashtra
Capital: Mumbai
Chief minister: Eknath Shinde
Governor: Bhagat Singh Koshyari
DEFENCE
Vostok-2022 begins in Russia with India, China participating
 An Indian Army contingent comprising troops from 7/8 Gorkha Rifles is participating in the multilateral
strategic and command exercise ‘Vostok-2022’ which commenced in Russia.
 The exercise also includes participation by the Chinese People’s Liberation Army.
 The exercise is aimed at interaction and coordination amongst other participating military
contingents and observers.
 The exercise is scheduled to be held from Sept. 01 to 07.
PM Modi commissions INS Vikrant, India’s first indigenous aircraft carrier
 India’s first indigenous aircraft carrier, INS Vikrant, was commissioned into the Indian Navy by
Prime Minister Narendra Modi.
 With a displacement of 42,800 tonnes, Vikrant — which means ‘victorious’ and ‘gallant’ — is the
largest ship ever designed and built by India, making it the sixth country to demonstrate the capability
to build its own aircraft carrier.
 INS Vikrant was laid in 2009 and put to water in 2013 with the delivery by Cochin Shipyard Limited
to the Indian Navy in 2022.
Learn Along:
About Indian Navy:
Founded:26 January 1950 (as current service),5 September 1612 (as East India Company's Marine)
Current CNS: Admiral R. Hari Kumar
Third stealth frigate of Project 17A Taragiri launched in Mumbai
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 Taragiri, the third stealth frigate of the Project 17A, was launched by Mazagon Dock Shipbuilders
Ltd. (MDL).
 The ship has been built using integrated construction methodology which involves hull blocks
construction in different geographical locations and integration/erection on slipway at MDL.
 The keel of Taragiri was laid on September 10, 2020, and the ship is expected to be delivered by
August 2025.
 The estimated cost of Project 17A is around ₹25,700 crore.
Learn Along:
 The first ship of Project 17A, Nilgiri, was launched on September 28, 2019, and is expected to begin sea
trials in the first half of 2024.
 The second ship of P17A class Udaygiri was launched on May 17 this year and is expected to start the sea
trials during the second half of 2024.
 The keel of the fourth and the final ship was laid on June 28.
Army, Air Force conduct joint exercise ‘Gagan strike’ in Punjab
 Army’s Kharga Corps and the Air Force have conducted joint exercise ‘Gagan Strike’ in Punjab.
 The exercise, conducted over four days, comprised the deployment of attack helicopters as the
aerial arm in support of ground forces carrying out drills, practising annihilation of enemy defences and
deep penetration.
INS Satpura And P8 I Maritime Patrol Aircraft Arrive In Darwin, Australia to Participate in Multinational
Naval Ex Kakadu
 INS Satpura and a P8 I Maritime Patrol Aircraft of the Indian Navy reached Darwin in Australia on
12 Sep 22, for participation in the multinational Exercise Kakadu – 2022, hosted by the Royal
Australian Navy.
 The two week-long Exercise, both in harbour and sea, involves ships and maritime aircraft from 14
navies.
 During the harbour phase of the exercise, the ship’s crew will engage in operational planning
interactions and sports activities with participating Navies.
Learn Along:
About Indian Navy
Founded: 26 January 1950
Chief: Admiral R. Hari Kumar
Japan-India Maritime Bilateral Exercise – Jimex 2022
 The sixth edition of Japan India Maritime Exercise 2022 (JIMEX 22) hosted by Indian Navy
commenced in the Bay of Bengal on 11 Sep 22.
 The Indian Navy is being represented by three indigenously designed and built warships;
Sahyadri, a multi-purpose stealth frigate and Anti-Submarine Warfare Corvettes Kadmatt and
Kavaratti.
 JIMEX 22 involves two Phases; exercises at sea and a harbour phase at Visakhapatnam.
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 JIMEX 22 seeks to consolidate the high degree of interoperability that exists between maritime
forces of the two countries, through complex exercises in the surface, sub-surface and air domains.
BSF's first female camel riding squad ready to be deployed along India-Pakistan border in Rajasthan
and Gujarat
 BSF's first female camel riding squad, first of its kind in the world, is ready to be deployed along
the India-Pakistan border in Rajasthan and Gujarat.
 The squad will participate for the first time in the BSF Raising Day Parade on 1ST December.
Learn Along:
About BSF(Border Security Force)
Formed: 1 December, 1965
Director General :Pankaj Kumar Singh
Indian Army installs satellite-based internet at Siachen- world’s largest battlefield
 The Indian Army activated satellite broadband-based internet service on the Siachen Glacier, the
world’s highest battlefield on September 18, 2022. The feat was installed by the Indian Army’s XIV
Corps or Fire and Fury Corps’ Siachen Signallers
 Bharat Broadband Network Limited (BBNL), a Government of India undertaking, has provided
satellite internet service on the Siachen Glacier frontier.
 Bharat Broadband Network Limited (BBNL), is also responsible for the BharatNet Project under
which 2.5 lakh gram panchayats across India are to be supplied with broadband connectivity.
Learn Along:
The Siachen Glacier
 The Siachen Glacier comes under India’s strategic control after ‘Operation Meghdoot’ in 1984.
 It stands at an altitude of 20,000 feet. The glacier is situated in the Eastern Karakoram range of the Himalayas,
and on the north of Nubra Valley.
 It is the highest armed zone in the world. Army and soldiers serving in this region have to face harsh weather,
avalanches, and landslides. During the winter temperatures touch as low as -60 degree celsius in this high-altitude
region.
INS Ajay decommissioned after 32 years of service
 INS Ajay was decommissioned after 32 years of glorious service on September 19, 2022.
 INS Ajay was a part of the 23rd Patrol Vessel Squadron.
 It was commissioned on January 24, 1990, at Poti, Georgia in the erstwhile USSR.
 The ship was under the operational control of Flag Officer Commanding, Maharashtra Naval Area.
 The ship participated in several naval operations such as Op Talwar during Kargil War and Op
Parakam in 2001.
Learn Along:
 India’s 1st Indigenous Aircraft Carrier INS Vikrant was commissioned by Prime Minister Narendra Modi on
September 2, 2022, at Cochin Shipyard in Kochi.
 It took almost 17 years to design and develop INS Vikrant.
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Central govt. signs ₹1,700-cr. deal for BrahMos missiles
 The Defence Ministry signed a ₹1,700-crore contract with BrahMos Aerospace Pvt Ltd for 35
combat and three practice BrahMos supersonic surface-to-surface cruise missiles for two P-15B
class of stealth guided missile destroyers of the Indian Navy.
 Induction of these dual-role capable missiles will significantly enhance the operational capability
of the Navy fleet assets.
 BrahMos is a joint venture between the DRDO and Russia’s NPO Mashinostroyeniya and the
missile derives its name from Brahmaputra and Moskva rivers.
Learn Along:
About Defence Ministry
Officeholder: Rajnath Singh (Minister)
Indian Navy's Maiden Participation in Combined Maritime Forces Exercise
 INS Sunayna entered Port Victoria Seychelles on 24 Sep 22 to participate in the annual training
exercise Operation Southern Readiness of Combined Maritime Forces (CMF).
 This reinforces Indian Navy's commitment to maritime security in the Indian Ocean Region and also
marks the maiden participation of an Indian Navy ship in CMF exercise.
 The joint training exercise is being attended by representative delegations from USA, Italy, Australia,
Canada, New Zealand and ship participation from UK, Spain & India.
Learn Along:
Abour Seychellles
Capital: Victoria
Currency: Seychellois rupee
President: Wavel Ramkalawan
Eastern Command’s ex-chief Anil Chauhan is Chief of Defence Staff
 The Government has decided to appoint Lt General Anil Chauhan (Retired) PVSM, UYSM, AVSM,
SM, VSM as the next Chief of Defence Staff (CDS) who shall also function as Secretary to Government
of India, Department of Military Affairs.
 Born on 18th May 1961, Lt Gen Anil Chauhan was commissioned into the 11 Gorkha Rifles of the
Indian Army in 1981.
EVENTS
Shri Piyush Goyal launches US Startup SETU - Supporting Entrepreneurs in Transformation and
Upskilling programme in Sanfrancisco
 The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and
Textiles, Shri Piyush Goyal launched the US Startup SETU - Supporting Entrepreneurs in
Transformation and Upskilling programme in the Bay Area of San Francisco.
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 The initiative would connect start-ups in India to US-based investors and start-up ecosystem
leaders with mentorship and assistance in various areas including funding, market access and
commercialization.
 SETU is designed to break the geographical barriers between mentors based in US that are willing
to invest in entrepreneurship and sunrise startups in India.
 The interaction will be supported through the mentorship portal under the Startup India initiative
MAARG, or the Mentorship, Advisory, Assistance, Resilience, and Growth program, which is a singlestop solution finder for startups in India.
PM unveiled the statue of Netaji Subhas Chandra Bose at India Gate
 Prime Minister Narendra Modi inaugurated the newly-christened 'Kartavya Path' and Netaji Subash
Chandra Bose’s Statue at India Gate.
 It symbolises a shift from erstwhile Rajpath being an icon of power to #KartavyaPath being an
example of public ownership & empowerment.
 Netaji Subash Chandra Bose statue is being installed in the same location where the hologram of
India’s great freedom fighter was unveiled on 23rd January 2022.
 The granite statue of Netaji being unveiled at India Gate is a fitting tribute to his immense contribution
to our freedom struggle.
 The statue has been designed and crafted by Shri Arun Yogiraj from a single monolithic granite
stone. It is 28 feet tall and weighs 65 MT.
NMCG Organises 10th Edition Of Webinar Series 'Igniting Young Minds, Rejuvenating Rivers'
 The 10th edition of Igniting Young Minds Rejuvenating River Webinar was organised on 8th
September 2022 by the National Mission for Clean Ganga, Ministry of Jal Shakti, Government of
India in collaboration with APAC News Network, with the aim of connecting youth and students with
river conservation and promotion programmes.
 The theme of the webinar was Natural Farming.
Learn Along:
About National Mission for Clean Ganga
 National Mission for Clean Ganga(NMCG) was registered as a society on 12th August 2011 under the
Societies Registration Act 1860.
 It acted as implementation arm of National Ganga River Basin Authority(NGRBA) which was constituted under
the provisions of the Environment (Protection) Act (EPA),1986.
 NGRBA has since been dissolved with effect from the 7th October 2016, consequent to constitution of National
Council for Rejuvenation, Protection and Management of River Ganga (referred as National Ganga Council).\
IDF World Dairy Summit 2022
 Prime Minister Narendra Modi inaugurated the 4-Day World Dairy Summit in Greater Noida.
 The International Dairy Federation World Dairy Summit (IDF WDS) 2022 is being held at the India
Expo Centre and Mart, Greater Noida from 12th to 15th Sept 2022.
 The World Dairy Summit 2022 which was inaugurated by PM Modi today will be centred around a unique
theme of ‘Dairy for Nutrition and Livelihood’.
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PM Narendra Modi to visit Uzbekistan on Sept 15-16 to attend SCO Summit
 Prime Minister Narendra Modi will visit Uzbekistan on September 15-16 to attend the Shanghai
Cooperation Organization Summit.
 During the summit, the leaders are expected to review the organisation's activities over the past
two decades and discuss the state and prospects of multilateral cooperation in the future.
Learn Along:
About SCO
 The Shanghai Cooperation Organisation is a Eurasian political, economic and security organization.
Founded: 15 June 2001
Headquarters: Beijing, China
Founders: China, Russia, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan
First trilateral ministerial meeting held in US by India, France, and UAE
 They shared ideas on a new and better contemporary way of doing diplomacy with a focus on the
“active exchange” of ideas between UNSC members and strategic partners.
 The discussions of the meeting focussed on areas of commonalities.
 Methods of implementation and working of these commonalities were also discussed.
Learn Along:
About US
Capital: Washington, D.C.
About France
Capital: Paris
About UAE
Capital: Abu Dhabi
Currency: United States Dollar
Currencies: Euro, CFP franc
Currency: dirham
President: Joe Biden
President: Emmanuel Macron
President: Mohammed bin Zayed Al Nahyan
National Disaster Management Authority celebrates‘Volunteerism in Disaster Management’ on its
18th Formation Day
 The National Disaster Management Authority celebrated its 18th Formation Day on 28th
September in New Delhi.
 The vision of NDMA is “To build a safe and disaster resilient India by developing a holistic,
proactive, multi-disaster oriented and technology - driven strategy through a culture of
prevention, mitigation, preparedness and response”.
 The theme for this year's Foundation Day was “Volunteerism in Disaster Management”.
Learn Along:
About The National Disaster Management Authority
Founded: 23 December 2005
headed by : Prime minister of India
AWARDS AND REWARDS
Filmfare Awards 2022
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 The 67th Filmfare Awards for 2022 were given out recently.
 The three films which emerged as the big winners were Kriti Sanon starrer Mimi, Vicky Kaushal-led
Sardar Udham and Sidharth Malhotra’s Shershaah.
 Shershaah, produced by Karan Johar, became one of the most viewed films on Amazon Prime Video.
Category
Winners
For
Best Actor
Ranveer Singh
83
Best Actress
Kriti Sanon
Mimi
Best Actor (Critics’ Choice):
Vicky Kaushal
Sardar Udham
Best Actress (Critics’ Choice)
Vidya Balan
Sherni
Best Director: for
Vishnuvardhan
Shershaah
Best Film (Popular Category):
Shershaah
Best Film (Critics’ Choice):
Sardar Udham
Best Actor in a Supporting
Pankaj Tripathi
Mimi
Sai Tamhankar
Mimi
Best Story: for
Abhishek Kapoor, Supratik Sen and
Tushar Paranjape
Chandigarh Kare Aashiqui
Best Dialogue: for
Dibakar Banerjee and Varun
Grover
Sandeep Aur Pinky Faraar
Best Original Story:
Chandigarh Kare Aashiqui
Best Debut Male: for
Ehan Bhat
99 songs
Best Screenplay: for
Shubhendu Bhattacharya and
Ritesh Shah
Sardar Udham
Best Debut Female: for
Sharvari Wagh
Bunty Aur Babli 2
Best Lyrics: for
Kausar Munir
Lehra Do (’83)
Best Playback Singer (Male):
B Praak
Mann Bharryaa 2.0 (Shershaah)
Best Debut Director: for
Seema Pahwa
Ramprasad Ki Tehrvi
Best Playback Singer
Asees Kaur
Raataan Lambiyan (Shershaah)
Stefan Richter and Suniel
Rodrigues
Shershaah
for
Role (Male): for
Best Actor in Supporting
Role (Female): for
for
(Female): for
Best Action
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Category
Winners
For
Best Background Score
Shantanu Moitra
Sardar Udham
Lifetime Achievement Award
Subhash Ghai
Magsaysay Awards 2022
 The Ramon Magsaysay Award which is Asia’s premier prize and highest honour, celebrates the
greatness of spirit and transformative leadership in Asia.
 Since 1958, Ramon Magsaysay Award has been bestowed upon over three thousand outstanding
individuals and organizations.
 They have been honored for the selfless services that they have offered to their societies in Asia, and
for the world’s most successful solutions to some of the most challenging problems of human
development.
 They are to be presented in Manila on November 30.
Winners
Country
Sotheara Chhim
Cambodia
Tadashi Hattori
Japan
Bernadette J. Madrid
Philippines
Gary Bencheghib
Indonesia
 They are to be presented in Manila on November 30.
Barack Obama wins Emmy award for his narration in Netflix documentary
 The former President of the United States Barack Obama won Emmy Award for his narration in
the Netflix documentary “Our Great National Parks".
 Obama already has two Grammys and is now halfway to an EGOT- the achievement of having won all
four of the major American entertainment awards i.e. an Emmy, a Grammy, an Oscar, and a Tony.
 Only 17 people have an EGOT to date.
 The five-part Netflix documentary produced by “Higher Ground" productions, Barack and Michelle
Obama's production company, features national parks from across the globe.
Learn Along:
About EMMY Award
 Emmy Awards, or Emmys, are an extensive range of awards for artistic and technical merit in United States
television. An Emmy is considered one of the four major American awards for performing arts and entertainment –
the others being the Grammy, the Oscar, and the Tony for theatre
 First awarded: January 25, 1949
 Dwight D Eisenhower was the first US President to win Emmy Award. He was given a special Emmy Award in
1956. Barack Obama is the second President to win the honor.
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 Barack Obama has previously received Grammy Awards for the audiobook readings of his memoirs "The
Audacity of Hope" and "A Promised Land." Michelle Obama received her own Grammy in 2020 for reading her
audiobook.
74th Prime Emmy Awards 2022
 HBO and its streaming counterpart, HBO Max won the most Emmy Awards, topping the total awards
haul for 2022.
 Netflix was second with 26 Emmys, against 44 wins last year.
Category
Winner
For
Lead Actress in A Comedy Series
Jean Smart
Hacks
Lead Actor in A Comedy Series
Jason Sudeikis
Ted Lasso
Outstanding Comedy Series
Ted Lasso
Lead Actor in a Limited or Anthology
Series or a Movie
Lead Actress in a Limited or Anthology
Series or a Movie
Outstanding Limited or Anthology Series
Michael Keaton
Dopesick
Amanda Seyfried
The Dropout
Outstanding Lead Actress in a Drama
Series
Outstanding Lead Actor in a Drama Series
The White Lotus
Zendaya
Euphoria
Lee Jung-jae
Squid Game
Gujarati film 'Chhello Show' is India's official entry for Oscars 2023
 Chhello Show” the Gujarati movie has been announced as India’s official entry for Oscars 2023.
 The film has been chosen in the Best International Feature Film category.
 The 95th Academy Awards are scheduled to organize on March 12, 2023, in Los Angeles.
Gates Foundation honours Indian and 3 others with Goalkeepers Global Goals Awards
 The 'Goalkeepers Global Goals Awards' were conferred at a glittering ceremony in New York's
Lincoln centre.
 The 2022 Global Goalkeeper Award, which was presented by Bill Gates and Melinda French Gates,
recognises a leader who has driven progress on a global scale towards achieving the SDGs.
 India's Radhika Batra, Zahra Joya of Afghanistan, Vanessa Nakate of Uganda and EU chief
Ursula von der Leyen have been honoured by the Bill and Melinda Gates Foundation for their
extraordinary work towards achieving the United Nations' Sustainable Development Goals (SDGs).
Learn Along:
About Bill And Milinda Gates Foundation
Founded: 2000
Headquarters: Washington, United States
Founders: Bill Gates, Melinda French Gates
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The 2023 Breakthrough Prizes Are Announced; $15.75 Million Awarded To The Winners
 The 2023 winners of the Breakthrough Prizes, dubbed the "Oscars of Science," were announced
recently and will split a total of more than $15 million.
 Three prizes were awarded this year in the life sciences category, one for mathematics and one
for physics.
 Each prize carries $3 million — more than the $1 million for a Nobel winner.
Category
Awarded to
Awarded for
Mathematics
Daniel Spielman
Multiple discoveries in theoretical computer
science and mathematics
Fundamental physics
Charles
Bennett,
Gilles
Brassard, David Deutsch and
Peter Shor
work in quantum information
Clifford
Brangwynne
Anthony Hyman
and
Discovering a new mechanism of cellular
organisation
John
Developing AlphaFold, which predicts the
structure of proteins
Life sciences prize
Demis Hassabis
Jumper
and
Emmanuel Mignot and Masashi
Yanagisawa
discovering the causes of narcolepsy
Learn Along:
 The Breakthrough Prizes, created in 2010 by a group of Silicon Valley entrepreneurs, are the most richly
endowed awards in science, disbursing more than the Nobel prizes.
President Droupadi Murmu to present 68th National Film Awards in New Delhi
 President Droupadi Murmu will present the 68th National Film Awards in New Delhi.

Dadasaheb Phalke Award for 2020 will be given to legendary actress Asha Parekh for her exemplary
lifetime contribution to Indian Cinema
CATEGORY
AWARDED TO
AWARDED FOR
The Best Feature Film
Soorarai Pottru
---
Best Popular Film Providing
Wholesome Entertainment.
Tanhaji: The Unsung Warrior’
---
Ajay Devgan
Tanhaji: The Unsung Warrior
Suriya
Soorarai Pottru
Aparna Balamurali
Soorarai Pottru
Best Actor award
Best Actress Award
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Best Director Award
Sachidanandan KR
Best Children's Film
Marathi Film Sumi
Best Lyrics
Manoj Muntashir
Malayalam Film AK Ayyappanum
Koshiyum
Hindi Film Saina
Indian-origin minister Suella Braverman wins first Queen Elizabeth II award
 Britain’s Indian-origin Home Secretary Suella Braverman has been named winner of the first-ever
Queen Elizabeth II Woman of the Year award at a ceremony in London.
APPOINTMENTS
News
Learn Along
Senior Indian Information Service officer Dr. Vasudha
Gupta has been appointed as the Director General of the
News Services Division of All India Radio.
Founded
Former India goalkeeper and BJP leader Kalyan Chaubey to
be elected the president of the All India Football
Founded:
Organization/Country/
States...
All India Radio
AIFF
Federation (AIFF).
This was the first time a former player was elected president.
Sansad TV
Rajya Sabha Chairman and Lok Sabha Speaker jointly
decided that Utpal Kumar Singh, currently holding the post of
Secretary General Lok Sabha, will additionally discharge
the functions of CEO Sansad TV.
Canada
Seasoned diplomat Sanjay Kumar Verma was appointed as
India's next High Commissioner to Canada, while Amit
Kumar, currently Consulate General of India in Chicago, has
been named as the next ambassador to the Republic of Korea.
1936
23 June 1937
Headquarters:
New Delhi
Launched:
15 September
2021
Capital:
Ottawa
Prime minister:
Justin Trudeau
About
United Kingdom
Indian-origin barrister Suella Braverman has been
appointed new Home Secretary of United Kingdom by
Prime Minister Liz Truss.
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United Kingdom
Capital: London
Currency: Pound
sterling
Monthly BeePedia
September 2022
She has succeeded her colleague of Indian origin Priti Patel.
United Nations
Prime minister:
Liz Truss
Founded:
United Nations Secretary-General Antonio Guterres
appointed Volker Turk of Austria as the next United
Nations High Commissioner for Human Rights, following
approval by the General Assembly.
24 October 1945
Turk will succeed Michelle Bachelet of Chile, who served
as High Commissioner from September 1, 2018 through
August 31, 2022.
New York, United
States
Headquarters:
Mukul Rohatgi, the senior advocate is set to be appointed
as the fourteenth Attorney General of India.
India
This will be Rohatgi’s second tenure as an Attorney
---
General.
Mukul Rohtagi served as the Attorney General of India
between June 2014 and June 2017.
Founded
UNICEF
U.N. children's agency UNICEF named Vanessa Nakate, a
25-year-old Ugandan climate activist, goodwill ambassador.
11 December
1946
Headquarters:
New York, United
States
Indian Council of Medical
Research (ICMR)
The Centre appointed Dr. Rajiv Bahl, currently at the World
Health Organisation, Geneva, as Director-General, Indian
Council of Medical Research (ICMR).
Founded:
1911
Headquarters:
New Delhi
Founded:
The National Payments
Corporation of India
The National Payments Corporation of India (NPCI) has
reappointed Dilip Asbe as the managing director and chief
executive officer (MD&CEO) of the company for a period of
five years, with effect from January 8, 2023.
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2008
Headquarters:
Mumbai,
Maharashtra
Monthly BeePedia
September 2022
Employees' State Insurance
Corporation
Indian Council of Medical
Research (ICMR)
Attorney-General
Senior bureaucrat Rajendra Kumar has been appointed the
director general of the Employees' State Insurance
Corporation.
Founded:
25 February
1952
Central Government has named Dr. Rajiv Bahl as the
Director General of the Indian Council of Medical
Research (ICMR) and interim Secretary of the Department of
Health Research (DHR) for three-year.
Founded: 1911
Senior advocate R. Venkataramani has been appointed the
new Attorney-General (A-G) by President Droupadi Murmu
for a period of three years.
---
Headquarters:
New Delhi
Mr. Venkataramani will succeed K.K. Venugopal, whose
term comes to an end on September 30.
Madagascar
IFS officer Bandaru Wilsonbabu, presently joint secretary in
the ministry of external affairs, has been appointed as the
next ambassador of India to the Republic of Madagascar.
Wilsonbabu, who has served as the joint Secretary in the
Eurasia division, will be replacing ambassador Abhay
Kumar.
ISS
Samantha Cristoforetti has been appointed as the first
woman to command International Space Station.
She succeeded Russian Cosmonaut Oleg Artemyev during a
live ceremony from space on September 28, 2022.
Samantha will be the fifth and first woman European
commander of the International Space Station.
Saudi Arabia
Saudi Arabia’s powerful Crown Prince Mohammed bin
Salman was appointed Prime Minister by royal decree.
Capital:
Antananarivo
Currency:
Malagasy ariary
It is a
multinational
collaborative
project that
consists of five
participating
space agencies
including NASA,
JAXA, CSA,
Roscosmos, and
ESA.
Capital:
Riyadh
Currency:
Saudi riyal
Prime minister:
Mohammed bin
Salman Al Saud
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September 2022
Italy
Giorgia Meloni, the leader of the Brothers of Italy party won
the election on September 25, 2022, and is set to become the
first female Prime Minister of Italy.
Giorgia Meloni defeated a strong opponent Mario Draghi.
About Italy
Capital:
Rome
Prime minister:
Mario Draghi
IMPORTANT DAYS
Day/Week
September 1
to
September 7
Observance
National Nutrition Week
Significance
National Nutrition Week is celebrated every year in India from
September 1 to September 7 to raise awareness among the
general public about the value of healthy eating practices and
proper nutrition for upholding a healthy lifestyle.
The National Nutrition Week 2022 theme is ‘Celebrate a World of
Flavors’.
2 September
World Coconut Day
World Coconut Day is celebrated all over the world on
September 2 every year to emphasize and spread the knowledge
of the value and the advantages of coconut.
World Coconut Day 2022 theme is ‘Growing Coconut for a Better
Future and Life’.
5 September
National Teacher’s Day
Teachers' Day in India is celebrated every year on September 5
to mark the birth anniversary of Dr. Sarvepalli Radhakrishnan.
He was a former President of India, scholar, philosopher and Bharat
Ratna recipient. On Teachers' Day 2022, students all over the country
pay respect and tribute to their teachers.
8 September
International Literacy
Day
International Literacy Day is celebrated across the world on
September 8 to highlight the importance of education.
The day aims to make people aware of the crucial role that
literacy plays in our lives and how it helps uplift society and
enables one to live with dignity and respect.
The theme for this year's Literacy Day is "Transforming Literacy
Learning Spaces.”
10
September
World First Aid Day
World First Aid Day is celebrated every year on the second
Saturday of September.
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September 2022
This year, World First Aid Day 2022 falls on 10 September 2022 and
will be celebrated under the theme 'Lifelong First Aid'.
14
September
Hindi Diwas
September 14 is observed as Hindi Diwas every year.
It was on September 14, 1950 when Hindi became the official
language of India.
International Day of
Democracy
A day observed every year around the world, the International Day
of Democracy is celebrated on September 15 each year to
promote and uphold the principles of democracy in every country.
The day was established through a resolution passed by the United
Nations General Assembly (UNSC) in 2007 in a bid to encourage
governments to strengthen and consolidate democracy.
15
September
The theme for International Day of Democracy 2022 is "Protecting
Press Freedom for Democracy".
National Engineer’s Day
National Engineer’s Day is observed every year on September
15 on the birth anniversary of the legendary engineer
Mokshagundam Visvesvaraya.
The day is observed every year to pay tribute to Visvesvaraya and
also to commemorate the contributions of the engineers to the nation.
16
September
17
September
19th – 25th
September
2022
World Ozone Day is observed every year on September 16 to
bring global attention and focus on the preservation of the Ozone
layer and raise awareness about the problem of the depletion of the
ozone layer.
World Ozone Day
Patient Safety Day
The theme of the World Ozone Day 2022 is- ‘Global Cooperation to
protect life on Earth’.
The Ministry of Health and Family Welfare, Govt of India observes
‘Patient Safety Day’ on 17th September every year.
This year the theme of the Patient Safety Day is Medication without
Harm.
International Week of
Deaf People 2022
From Monday 19th September to 25th September, Deaf people all
over the world celebrate "International Week of Deaf People 2022."
This is an annual event promoted by the World Federation of the
Deaf and the theme this year is "Building Inclusive Communities
for All”
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September 2022
Each year the International Day of Peace is observed around the
world on 21 September.
International Day of
Peace
21
September
World Alzheimer’s Day takes place during World Alzheimer’s Month
and is on 21 September every year.
World Alzheimer’s Day
22
September
23
September
The 2022 theme for the International Day of Peace is “End racism.
Build peace.”
This year’s theme, ‘Know Dementia, Know Alzheimer’s,’ continues
on from the 2021 campaign, which focused on diagnosis, the warning
signs of dementia, the continued effect of COVID-19 on the global
dementia community and more.
Every year World Rhino Day is observed on September 22, 2022.
World Rhino Day
International Day of
Sign Languages 2022
The theme for this year's World Rhino Day is “Five Rhino Species
Forever.”
The International Day of Sign Languages is celebrated annually on
September 23.
This day aims to spread awareness regarding the importance of
sign language in the realisation of the human rights of people
who are deaf.
This year’s International Day of Sign Languages theme is “Sign
Language Unite Us.”
Antyodaya Diwas
Every year, Antyodaya Diwas is celebrated in India on September
25 to mark the birth anniversary of Pandit Deendayal Upadhyaya
and remember his life and legacy.
In 2014, Prime Minister Narendra Modi dedicated the day in
honour of Pandit Deendayal Upadhyaya.
25
September
World Pharmacist Day
World Pharmacist Day is celebrated on 25 September 2022 every
year.
It is observed to raise awareness about the contribution of
pharmacists to the healthcare system and encourage more
youngsters to choose pharmacy as their profession.
26
September
The World
Environmental Health
Day
The World Environmental Health Day is observed every year on
September 26 with an aim to increase awareness about the
crucial work done by environmental health workers and
encourage people to contribute to the protection of our environment.
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September 2022
World Rabies Day is observed on September 28 every year in order
to raise awareness about rabies prevention.
28
September
World Rabies Day also marks the death anniversary of French
biologist, microbiologist and chemist, Louis Pasteur, who
developed the first rabies vaccine in 1885.
World Rabies Day
The theme for this year’s World Rabies Day is ‘One Health, Zero
Deaths’.
OBITUARIES
Name of Person
Field
Points to Remember
Mary Roy
Educator and
women’s rights
activist
Mary Roy, educator and women’s rights activist on whose petition
the Supreme court delivered the landmark judgment against the
Travancore Christian Succession Act of 1916 to ensure Christian
women an equal share in family property, died recently. She was
89.
Birju Sah
Sports
Asian Games and Commonwealth Games bronze medal
winning boxer Birju Sah passed away in Jamshedpur. He was
48.
Sah bagged bronze medals in the light flyweight category at the
1993 Asian junior championships and 1994 Asian Games and
Commonwealth Games.
Cyrus Mistry,
Former chairman of
Tata Sons
Cyrus Mistry, former chairman of Tata Sons and scion of the
Shapoorji Pallonji group, died in a car accident near. He was 54.
Queen Elizabeth II
Britain’s longestreigning monarch
Britain’s longest-reigning monarch, Queen Elizabeth II,
died at the age of 96.
Air Vice Marshal
Arvind Dalaya
Defence
Air Vice Marshal Arvind Dalaya (retd), the first
commanding officer of the Indian Air Force’s 114
Helicopter Unit (HU) in Leh, died at the age of 91.
The 114 HU, also known as the ‘Siachen Pioneers’, is IAF’s
first permanent chopper unit to be posted in Leh.
B.B. Lal
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September 2022
Director-General of
the Archaeological
Survey of India (ASI)
B.B. Lal, former Director-General of the Archaeological Survey of
India (ASI), passed away.
Uppalapati
Krishnam Raju
Union minister
Former Union minister and veteran actor Uppalapati
Krishnam Raju passed away.
Swami
Swaroopanand
Saraswati
Dwarka Peeth
Sankaracharya
Swami
Dwarka Peeth Sankaracharya Swami Swaroopanand Saraswati,
once known as a “revolutionary sadhu” for participating in the
freedom struggle, who spoke his mind on religious and political
issues and questioned the “deification” of Saibaba of Shirdi, died
of a cardiac arrest in his ashram in Madhya Pradesh. He was 99.
Jean-Luc Godard
Filmmaker
Jean-Luc Godard, one of the most influential filmmakers of the
20th century and the father of the French New Wave, died.
Former Pakistan umpire Asad Rauf has died in Lahore.
Asad Rauf
Cricket Umpire
Asad Rauf made his first appearance as an umpire in
international cricket in 2000. He officiated in 64 Tests (49 on-field
and 15 TV), 139 ODIs and 28 T20Is and was one of Pakistan’s
leading umpires in the mid-2000s.
Born on December 22, 1928, Naresh Kumar, an international
Naresh Kumar
Tennis
tennis star, died at 93 on 14 September 2022.
Kumar won two singles titles in the Irish Championships in 1952
and 1953. He also went on to win the singles crown in the Welsh
Championship. He won a total of five career titles.
Raju Srivastava
Comedy Actor
Comedy King Raju Srivastava passed away at the age of 58 on
September 21, 2022.
BOOKS
Book Title
Author/s
About the book
A new book(Autobiography) “The Hero of Tiger Hill” tells
the inspiring story of Subedar Major (Honorary Captain)
Yogendra Singh Yadav, the youngest Param Vir Chakra
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September 2022
The Hero of Tiger
Hill
Yogendra Singh
Yadav
awardee — India’s highest gallantry award — at the age of 19
for his actions in the 1999 Kargil conflict.
The autobiography, published by Srishti Publishers, is the
true story of a brave soldier who left no stone unturned and
fought valiantly for the honour of India.
‘Divorce and
Democracy: A
History of Personal
Saumya Saxena
Law in Post-
The book shows a dynamic interplay between law, religion,
family, minority rights, and gender in Indian politics.
Independence
India’
Ambedkar and
Modi: Reformer’s
Ideas Performer’s
Implementation
Pt. Deendayal
The book ‘Divorce and Democracy: A History of Personal
Law in Post-Independence India’,Written by Saumya
Saxena , British Academy Fellow at the faculty of History,
University of Cambridge, was released at the India
International Centre.
Compiled by:Bluekraft
Digital Foundation
Forward by : Music
Composer and Rajya
Sabha member
Ilaiyaraaja
---
Upadhyay - Jeevan
Darshan Aur
Samsamyikta
A book titled Ambedkar and Modi: Reformer’s Ideas
Performer’s Implementation will be released in New Delhi.
The book illustrates life, works and achievements of Dr.
Ambedkar.
The Vice President, Shri Jagdeep Dhankhar released the
book titled "Pt. Deendayal Upadhyay - Jeevan Darshan Aur
Samsamyikta" (five volumes) in New Delhi and on this
occasion highlighted the importance of Pt Deendayal's
thoughts in contemporary times.
Aryadan
Muhammed
Politician
Veteran Congress leader Aryadan Muhammed passed away in
Kerala’s Kozhikode at the age of 87.
SPORTS
Bajrang Punia, Vinesh Phogat Named in Indian Wrestling Squad for World Senior Championships
 Bajrang Punia and Vinesh Phogat were recently named to host the World Senior Championships to
be held in Belgrade, Serbia from September 10-18.
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September 2022
 Tokyo Olympian Vinesh will lead the women’s team while the men’s freestyle squad will have
Olympic medallists Bajrang and Ravi Dahiya, and 2019 World Championships silver winner Deepak
Punia.
The Indian Squad:
Women:
 50kg: Retrial to be held; 53kg: Vinesh Phogat; 55kg: Sushma Shooken; 57kg: Sarita Mor; 59kg: Mansi
Ahlawat; 62kg: Sonam Malik; 65kg: Shefali; 68kg: Nisha Dahiya; 72kg: Reetika; 76kg: Priyanka
Men:
Freestyle
 Ravi Dahiya (57kg), Pankaj Malik (61kg), Bajrang Punia (65kg), Naveen Malik (70kg), Sagar Jaglan (74kg),
Deepak Mirka (79kg), Deepak Punia (86kg), Vicky Hooda (92kg), Vicky Chahar (97kg), Dinesh Dhankar
(125kg)
Greco-Roman:
 Arjun Halakurki (55kg), Gyanender (60kg), Neeraj (63kg), Ashu (67kg), Vikas (72kg), Sachin (77kg),
Harpreet Singh (82kg), Sunil Kumar (87kg), Deepanshu (97kg), Satish (130kg).
New Zealand All-rounder Colin De Grandhomme Announces Retirement From International Cricket
 New Zealand all-rounder Colin de Grandhomme has announced retirement from international
cricket.
Mushfiqur retires from T20Is
 Bangladesh wicketkeeper Mushfiqur Rahim announced his retirement from T20Is.
Suresh Raina announces retirement from all forms of Cricket
 Former India cricketer Suresh Raina on 6 September has announced his retirement from all forms
of Cricket.
 Earlier in 2020, Raina had announced his retirement from international cricket.
National Games 2022
 Union Home Minister Amit Shan unveiled the Mascot and Anthem for the 36th National Games in
Ahmedabad, Gujarat.
 The National Games Mascot is named ‘Savaj’ which means cub in Gujarati.
 The Anthem centred around the theme ‘Ek Bharat Shreshtha Bharat’ was also launched which is
Sung by popular singer Sukhwinder Singh.
 The Sporting Extravaganza is scheduled to be held from 29th Sept to 12th October across 6 cities
in Gujarat- Ahmedabad, Gandhinagar, Surat, Vadodara, Rajkot, and Bhavnagar.
Subroto Cup International Football Tournament to kick off in New Delhi
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 The 61st edition of the The Subroto Cup International Football tournament will be staged across
four venues in Delhi till 13th of October.
 The Subroto Cup, an annual school's football tournament inaugurated in 1960 by the first India Air
Force chief, Air Marshal Subroto Mukerjee, will be resuming after a Covid induced restrictions.
 This year a total of 92 schools representing 25 States and Union Territories have qualified across
three categories Under-14 boys, Under-17 boys and Under-17 girls. A team from Bangladesh will also be
participating.
Kerala: Pallathuruthy Boat Club’s ‘Mahadevikkadu Kattil Thekkethil’ wins Nehru Trophy for third
time
 68th edition of Nehru Trophy Boat Race, which held after a break of two years due to Covid-19
pandemic, was flagged off by chief guest DK Joshi, Lieutenant Governor of Andaman and
Nicobar.
 The race was inaugurated by Kerala Finance Minister KN Balagopal.
 Pallathuruthy boat club won the 68th edition of Nehru Trophy for a boat race held on Punnamada
lake in Alappuzha district of Kerala.
 ‘Mahadevikkadu Kattil Thekkethil’ by Pallathuruthy boat club won the trophy while NCDC Boat club’s
‘Nadubhagam’ of Kumarakam won the title of runner’s up.
 A boat ‘Chambakkulam Chundan’ owned by the police club further won the fourth place in the
race.
Learn Along:
About Kerala
Capital: Thiruvananthapuram
Chief minister: Pinarayi Vijayan
Governor: Arif Mohammad Khan
About Nehru Trophy Boat Race
 The Nehru Trophy Boat Race is an annual vallam kali held in the Punnamada Lake near Alappuzha, Kerala,
India.
 Vallam Kali or Vallamkaliy literally means boat play/game, but can be translated to boat race in English.
 The most popular event of the race is the competition of Chundan Vallams.
World Cup shooting in Bhopal
 The Madhya Pradesh Shooting Academy in Bhopal will host the World Cup shooting in rifle and
pistol from March 20 to 31, 2023.
Learn Along:
About ISSF(The International Shooting Sport Federation)
Founded: 1907
Headquarters: Munich, Germany
About Madhya Pradesh
Capital: Bhopal
CM: Shivraj Singh Chouhan
President: Vladimir Lisin
Governor: Mangubhai Chhaganbhai Patel
Neeraj Chopra wins Diamond League Finals:
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September 2022
 Neeraj Chopra won the prestigious Diamond League Finals in Zurich by securing Gold Medal with
a throw of 88.44 metres.
 He became the 1st Indian ever to win the championship.
Learn Along:
About Diamond League
 The Diamond League Finals can be considered the most prestigious competition outside of the Olympics
and World Championships.
 The league comprises 32 Diamond Disciplines, which athletes complete in a championship model. Athletes have to
earnpoints at the 13-series meet to qualify for the finals in their respective disciplines.
Australia captain Aaron Finch announces retirement from ODI cricket
 Australia captain Aaron Finch will retire from one-day international cricket, with last ODI against
New Zealand.
 Finch who has represented Australia in the 145.
 He was appointed as the permanent white-ball captain in 2018.
Vinesh bags a bronze
 Vinesh Phogat (53kg) beat Sweden’s Jonna Malmgren to claim a bronze at the World championships
in Belgrade and become the first Indian woman wrestler to secure two medals in the Worlds
Pranav Anand becomes India’s 76th GM
 Pranav Anand is India’s newest Grandmaster.
 The 15-year-old from Bengaluru became the country’s 76th GM during the World youth chess
championship in Romania.
 He had already met the other requirements for the title, having scored the final GM norm from the
55th Biel Chess Festival in Switzerland in July.
Sikandar Raza, Tahlia McGrath win ICC Player of the Month award for August
 The International Cricket Council announced Zimbabwe batter Sikandar Raza and Australia allrounder Tahlia McGrath as the Player of the Month for August in Men’s and Women’s cricket
respectively.
 In claiming the ICC Men’s Player of the Month award, Raza becomes the first Zimbabwe international
to win the award.
SAFF U-17 Championship: India win title, defeat Nepal in final
 India clinched the SAFF U-17 Championship title, defeating Nepal in the Final on September 14, 2022,
at the Racecourse International Stadium, in Colombo, Sri Lanka.
Learn Along:
SAFF U-17 Championship title
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September 2022
South Asian Football Federation, founded in 1997, is an association of the football playing nations in South Asia
and is part of the larger Asian Football Confederation. The members of the association are Bangladesh, Bhutan, India,
Maldives, Nepal, Pakistan and Sri Lanka.
Robin Uthappa announces retirement from all forms of Indian cricket
 Robin Uthappa announced his retirement from all forms of Indian cricket.
 Robin Uthappa was part of the country’s 2004 Under-19 World Cup team. He made his India debut
two years later and featured in 46 ODIs and 13 T20Is for India.
Bajrang Punia wins bronze in World Wrestling Championships
 Ace grappler Bajrang Punia became the only Indian to claim four medals at the World Wrestling
Championships by winning bronze in the men’s 65 kg category on September 18, 2022.
 This is India’s second medal at the World Wrestling Championship 2022. Earlier Vinesh Phogat
won a bronze medal in the women’s 53 kg category at Belgrade,Serbia on September 14, 2022.
Linda Fruhvirtova wins Chennai Open 2022 title
 Linda Fruhvirtova sealed the WTA Chennai Open beating third seed Magda Linette.
Dilip Tirkey elected new HI president
 Former India captain Dilip Tirkey was elected Hockey India President.
India breaks record of Pakistan to win most T20 matches in a calendar year
 Team India broke the record of Pakistan winning most T20 matches in a calendar year.
 The team achieved this height by defeating Australia in the third and final T20I in Hyderabad.
 Suryakumar Yadav was titled “Man of the Match” for his fifty.
National Open athletics championship comes to Bengaluru after nearly three decades
 Bengaluru is set to host the National Open athletics championship for the first time in nearly three
decades.
 The 61st edition of the championship will be held at the Sree Kanteerava Stadium here from
October 15 to 19.
 Thirty contingents from States and institutions like Indian Railways, LIOC and ONGC will compete
in this championship. A total of around 1,200 men and women will be seen in action in 47 events
Prime Minister to inaugurate 36th National Games at a grand Opening Ceremony in Ahmedabad
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September 2022
 Prime Minister Shri Narendra Modi will inaugurate the 36th National Games in Ahmedabad on
29th September 2022.
 National Games are being held in the state of Gujarat for the very first time.
 It will be organised from 29th September to 12th October, 2022.
 The sporting events will be organised in six cities of Ahmedabad, Gandhinagar, Surat, Vadodara,
Rajkot and Bhavnagar.
Julius Baer Cup: World No.1 Magnus Carlsen beats Indian Grandmaster Arjun Erigaisi in final
 Indian Grandmaster Arjun Erigaisi went down against world no.1 Magnus Carlsen in the final of
the Julius Baer Generation Cup online rapid chess tournament.
 Carlsen's performance makes him the first player to hit the historic 2900 Tour Rating mark.
 Arjun Erigaisi, with a fine performance in the Julius Baer Cup, part of the Meltwater Chess Tour, has
qualified for the eight-player tour final in San Francisco later this year.
Sources of the News:
The Hindu,The Indian Express,Business Standard, The Financial Express ,PIB, etc.
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