Monthly BeePedia
August 2022
INDEX
RBI, Banking and Economy ___________________________________________ 2
SEBI and Financial Awareness _________________________________________50
NABARD and Agriculture ___________________________________________ 59
National __________________________________________________________ 68
International _____________________________________________________
74
States____________________________________________________________
77
Reports and Indexes _______________________________________________ 84
Science and Technology ___________________________________________
96
Defence __________________________________________________________ 100
Events ___________________________________________________________ 104
Awards & Rewards ___________________________________________________108
Appointments _____________________________________________________ 112
Important Days ___________________________________________________
116
Obituaries_________________________________________________________ 118
Books ___________________________________________________________
119
Sports ___________________________________________________________
121
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Monthly BeePedia
August 2022
RBI, Banking and Economy
Monetary Policy Committee Meeting – hikes repo rate by 50 bps
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The Monetary Policy Committee meeting was chaired by RBI Governor Shaktikanta Das on August
5, 2022.
Categories
Current Rates
Repo rate
5.40%
Standing Deposit Facility
5.15%
Marginal Standing Facility
5.65%
CPI inflation eased to 7.0 percent (year-on-year, y-o-y) during May-June 2022 from 7.8 percent in
April,2022.The inflation projection is retained at 6.7 percent in 2022-23. CPI inflation for Q1:2023-24
is projected at 5.0 percent.
The real GDP growth projection for 2022-23 is retained at 7.2 percent & 6.7 percent for Q1 of 202324.The next meeting of the MPC is scheduled during September 28-30, 2022.The yield of the 10year government bond, ended 14 basis points higher to close at 7.30 per cent.
Learn Along
RBI
Headquarters: Mumbai
Governor: Shaktikanta Das
Deputy Governors: MK Jain, MD Patra, M
Rajeshwar Rao and T. Rabi Sankar
The MPC is a statutory committee that fixes the key policy interest rates and monetary policy stance of the country
as well as the inflation target. The MPC comprises three external members and three members from the RBI. The
RBI Governor heads the MPC.
All India Consumer Price Index (CPI) is released by National Statistical Office (NSO), Ministry of Statistics and
Programme Implementation (MoSPI). It has a base year of 2012
Marginal standing facility (MSF) is a window for banks to borrow from the Reserve Bank of India in an emergency
situation when inter-bank liquidity dries up completely. Under MSF, banks can borrow funds from the RBI by pledging
government securities. RBI charges higher interest rate over and above the repo rate.
The Standing Deposit Facility allows the RBI to absorb excess cash from the economy by sucking liquidity from
commercial banks without giving government securities in return to the lenders. Under the SDF, the banks can place
deposits with the RBI on an overnight basis. The RBI, however, retains the flexibility to absorb liquidity for longer
tenors under the SDF with appropriate pricing, as and when the need arises. All liquidity adjustment facility (LAF)
participants will be eligible to participate in the SDF scheme.
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.
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August 2022
RBI allows invoicing & payments for international trade in Indian Rupee
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The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade in Indian
Rupee on International Trade Settlement in Indian Rupees (INR).
In terms of Para 10 of the Circular, the approval process is that for opening of Special INR Vostro
accounts, banks of partner countries may approach Authorised Dealer (AD) banks in India which may
seek approval from RBI with details of the arrangement.
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A Vostro account is defined as an account that a correspondent bank holds on behalf of another bank
An example of such an account would be HSBC vostro account is held by SBI in India
Standalone PDs allowed access to forex markets-RBI

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The Reserve Bank of India (RBI) allowed relaxations for standalone primary dealers (SPDs) to
operate in the foreign exchange market alongside banks with an aim to enable their customers to
hedge currency risks and broaden the availability of market makers.The RBI has allowed standalone
primary dealers to offer all foreign exchange market-making facilities as currently permitted to banks.
They are also allowed to participate in foreign currency settled overnight indexed swap (FCS-OIS)
transactions directly with non-residents and other market-makers.
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Overnight Index Swap (OIS)-It is one type of interest rate swaps where the floating leg of the swap is linked to an
overnight index, compounded every day over of the payment period. The parties agree to exchange the difference in
the accrued interest arrived according to the fixed and floating interest rates at the maturity on the notional principal
amount.
The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This
market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging
currencies at current or determined prices.
House price index rises 3.5 percent in first quarter: RBI data
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According to the data released by RBI, the all-India house price index (HPI) rose by 3.5 percent yearon-year in the first quarter of 2022-23, according to data released by the Reserve Bank of India.
The growth in the HPI was 1.8 percent during January-March and 2 percent in the April-June
quarter of 2021-22. On a sequential basis, all India HPI increased by 2.2 percent in the first quarter of
2022-23. Delhi, Kolkata, and Jaipur recorded sequential contraction in the index, while it rose for
the remaining cities.
Learn Along:
The Housing Price Index (HPI) tracks residential home prices and quantities across the eight largest cities in India.
The indices are constructed using quarterly survey data collected by Housing.com and are available from 2017-present.
The survey includes information on price per square foot, quantity, and the total value of transactions for various sublocalities within each city collected from real-estate developers and brokers. The India level indices provide an average
movement in prices and quantities across the eight cities. Finally, each index is normalized to a value of 100 in January
2017.
RBI to widen Internal Ombudsman mechanism by including CICs
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August 2022
 The Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) has improved the customer grievance
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redressal mechanism.
With a view to strengthen the internal grievance redressal of CICs and making it more efficient, it
has also been decided to bring CICs under the Internal Ombudsman (IO) framework.
This will further provide a cost-free alternate redressal mechanism to customers of Regulated Entities
for grievances against CICs.
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A Credit Information Company (CIC) is an organization which collects and analyses credit and loan related data
about individuals and companies and generates its products and services on the basis of this data. This data is provided
to CICs by their member banks and other financial institutions.
Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) A Scheme for resolving customer grievances in
relation to services provided by entities regulated by Reserve Bank of India in an expeditious and cost-effective manner
under Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act,
1934 (2 of 1934) and Section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007).
RBI issues digital lending norms
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RBI has come up with the guidelines to firm the regulatory framework related to the digital lending
activities so as to curb the concerns arising from credit delivery through digital lending methods. RBI
has clearly & categorically specified that the lending business will only be carried out by the entities
regulated by RBI itself or those permitted under the law.
The digital lenders universe is divided into 3 groups by RBI- entities regulated by the RBI and permitted
to carry out lending business; entities authorised to carry out lending according to other statutory/
regulatory provisions but not regulated by the RBI, and entities lending outside the purview of
any statutory/ regulatory provision.
These guidelines are for the first category, or entities regulated by the RBI. Other entities which
have to ask respective regulator/ controlling authority/ the central government to formulate guidelines
based on the given recommnedations.For RBI-regulated entities (REs), their lending service
providers (LSPs), and digital lending apps (DLAs) of REs, the central bank has mandated that all
loan disbursals and repayments are required to be executed only between the bank account of
the borrower and the RE, without any pass-through/ pool account of the LSP or any third party.
RBI cancels Rupee Co-operative's licence
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RBI cancelled the licence of Pune based Rupee Cooperative Bank due tolack of adequate capital,
earning prospsects and inability to comply with the banking regulations & it will cease to conduct
business from September 22,2022. The depositors will be provided a claim upto Rs 5 Lakh under
the Deposit Insurance and Credit Guarantee Corporation Act (DICGC).
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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
Mswipe Technologies & Easebuzz gets RBI approval for payment aggregator's licence
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August 2022
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Mswipe Technologies & Easebuzz Private Limited, a payments solutions platform has received an inprinciple approval from RBI for Payment Aggregator licence & thus will be able to develop an in
housing online payment gateway moving away from outsourcing transaction settlements.
Easebuzz, through scalable and easily adaptable Application Programming Interface (API)
solutions, is solving end-to-end payment use cases for MSMEs. It seeks to be the financial operating
system for the existing 63 million Indian MSMEs and be the catalyst for Digital Transformation.
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Mswipe Technologies
Headquarters:Mumbai
CEO: Manish Patel
A payment aggregator is a service provider that allows merchants to process mobile or e-commerce payments.
They let businesses accept credit and debit card payments without setting up a merchant account through a
bank.
All 12 public sector banks joined the account aggregator network
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All the 12 public sector banks have joined the account aggregator (AA) framework.
As many as 22 major private sector and public sector banks (PSBs) have onboarded the framework
since its launch in September 2021.Around 1.1 billion accounts, including all major public and private
bank accounts, are now a part of the India’s Account Aggregator.
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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.
Govt re-nominated four independent directors on central board of RBI
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The central government has re-nominated Satish Kashinath Marathe, Swaminathan Gurumurthy,
Revathy Iyer, and Sachin Chaturvedi as part-time, non-official directors on the central board of the
Reserve Bank of India.
These four nominations as non-official directors of RBI are for a period of four years.
RBI penalises eight co-operative banks & also on Thodupuzha Urban Co-operative Bank

The RBI imposed penalties on eight cooperative banks, including a fine of Rs 40 lakh on the Mehsana
Urban Co-operative Bank, Gujarat, for non-compliance with various norms. A penalty of Rs 7 lakh
has been imposed on Indapur Urban Cooperative Bank, Indapur (Maharashtra) for contravention of
certain provisions related to exposure norms. Three banks — Warud Urban Co-operative Bank, Warud
(Maharashtra), Jila Sahakari Kendriya Bank Maryadit, Chhindwara (Madhya Pradesh) and the
Yavatmal Urban Co-operative Bank, Yavatmal (Maharashtra) — have been penalised for noncompliance with Know Your Customer (KYC) norms.A penalty of Rs 25 lakh has been imposed on
Chhattisgarh Rajya Sahakari Bank Maryadit, Raipur (Chhattisgarh) for non-compliance with certain
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August 2022

KYC provisions.Garha Co-operative Bank Limited, Guna (Madhya Pradesh) and the Goa State Cooperative Bank, Panaji are the two other banks on which penalty has been imposed.
The RBI also barred customers of Thodupuzha Urban Co-operative Bank, Kerala, from withdrawing
funds as part of several restrictions imposed on the lender due to its deteriorating financial condition.The
restrictions will remain in force for six months from the close of business on August 23, 2022
RBI imposes monetary penalty on M/s Swagatam Marketing Private Limited, Kolkata
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The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.00 lakh on M/s Swagatam
Marketing Private Limited, Kolkata for contravention of/ non-compliance with the directions issued by
RBI to Non-Banking Financial Company regarding change in management.
The company had changed its management without prior approval of Reserve Bank of India thereby
failing to adhere to the RBI directions.
Learn Along:
RBI
Headquarters: Mumbai
Governor: Shaktikanta Das
4 Deputy Governors: T. Rabi Sankar,
MK Jain, MD Patra, M Rajeshwar Rao
RBI allows American Express to acquire new credit card customers after 15 months of ban
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The Reserve Bank of India has lifted the ban on new customer acquisition by American Express
which was imposed with effect from May 2021 due to non-compliance with local data storage norms.
In view of the satisfactory compliance demonstrated by American Express Banking Corp. with the
Reserve Bank of India (RBI) on Storage of Payment System Data, the restrictions imposed on
onboarding of new domestic customers have been lifted with immediate effect.
Learn Along:
American Express
Headquarters: New York, US
Chairman & CEO: Stephen Squeri
RBI stipulates four-tier regulatory structure for urban co-op banks
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The Reserve Bank of India (RBI) prescribed a four-tier regulatory structure for urban cooperative
banks (UCBs).The regulator has stipulated a minimum net worth of ₹2 crore for tier one UCBs
operating in a single district and ₹5 crore for all other UCBs of all tiers.
RBI also retained the minimum capital adequacy ratio requirement for tier one banks at the present
level of 9%.For urban cooperative banks of all other tiers, while retaining the current capital
adequacy framework, RBI said it has decided to revise the minimum capital adequacy ratio to
12% to strengthen their capital structure.In February 2021, RBI constituted the committee headed by
former deputy governor N S Vishwanathan to examine issues in the urban cooperative banking
sector, provide a medium-term road map and suggest measures for faster resolution of UCBs, among
others.
Learn Along:
Co-operative 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 favourable terms.
Co-operative Banks are broadly classified into Urban and Rural co-operative banks based on their region of operation.
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August 2022
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.
RIL emerges as top bidder with 88000 crore in the 5G auction spectrum
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5G spectrum auction has generated revenues of over Rs 1.5 trillion (Rs 150,173 crore approximately).
The government had put up 72.09 GHz of spectrum across 10 frequency bands on sale.
While the government was able to sell 71 per cent of the spectrum on offer in terms of quantity, in
value terms it accounted for only around 35 per cent of the total of Rs 4.3 trillion as per the base price.
Reliance Jio topped the charts, spending out more than double of Bharti Airtel (212 cr) at Rs 88,078
crore for 24,740 MHz of spectrum.
But that includes the crucial 700 MHz band (considered key for 5G because of its coverage) apart from
1800 and the 5G bands of 3.3 GHz as well as 26 GHz.
Learn Along
RIL
Headquarters: Mumbai
Bharti Airtel
Headquarters: New Delhi
CEO: Mukesh Ambani
Chairman: Sunil Bharti Mittal
GST collection jumps 28% YoY in July,2022 to second highest ever at Rs 1.49 trn
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Goods and services tax (GST) collection remained above Rs 1.4 trillion for the fifth month in a row,
increasing 28 percent year-on-year (YoY) to nearly Rs 1.49 trillion in July,2022 having grown by 35
percent and the second highest ever since the rollout of the regime.
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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.
GST slabs various goods and services announced by CBIC
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The Central Board of Indirect Taxes and Customs (CBIC) announced GST slabs on a host of goods and
services.
The electric vehicles without batteries would attract 5 per cent GST.
Mangoes — except fresh, sliced, and dried — would invite 12 per cent GST.
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It also clarified that treated sewage water is not purified and hence, would not see any levy.
Cattle feed would be taxed at 5 per cent.
UPI records 6 billion transactions in July,2022 ; the highest ever since 2016
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Unified Payments Interface (UPI) recorded 6 billion transactions in July,2022, the highest ever by
India’s flagship digital payments platform since its inception in 2016.The data released by UPI operator
NPCI shows that UPI reported 6.28 billion transactions amounting to Rs 10.62 trillion & value of
transactions was up 75 percent.
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August 2022
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.
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
States’ borrowing limit cut by Rs 41,000 crore
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The Centre has cut Rs 41,000 crore or 62% of the total off-budget liabilities of states in FY22 from
their net borrowing ceiling for FY23.
Of the Rs 41,000 crore deducted from the net borrowing ceiling for the current fiscal, Telangana
accounted for Rs 8,800 crore, Uttar Pradesh Rs 8,000 crore, Andhra Pradesh Rs 3,600 crore, and
Kerala Rs 3,578 crore. These loans are being serviced from the respective state budgets.
In FY22, Telangana had mobilized the highest off-budget debt of around Rs 35,000 crore, Kerala
about Rs 14,100 crore, and Andhra Pradesh Rs 8,000-9,000 crore.
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Off-budget borrowings are loans that are taken not by the Centre directly, but by another public institution which
borrows on the directions of the central government. Such borrowings are used to fulfil the government’s expenditure
needs.
Capital expenditure or capital expense is the money an organization or corporate entity spends to buy, maintain, or
improve its fixed assets, such as buildings, vehicles, equipment, or land
Centre sanctions Rs 20,000 crore as capex loans to 8 states
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The Centre has sanctioned Rs 20,000 crore capex loans to eight states so far in the current
financial year. The beneficiary states in the first round included Karnataka, Maharashtra, Madhya
Pradesh, Manipur and Himachal Pradesh.
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Considering the challenging fiscal environment faced by the states due to Covid-19 pandemic, the Centre
launched a scheme for special capital expenditure support to states in FY21 by disbursing Rs 11,830
crore in 50-year interest-free loans and another Rs 14,186 crore in FY22.
India manufacturing PMI hits 8-month high in July,2022

India’s manufacturing sector activity gained momentum in July,2022 , hitting an eight-month high driven
by a significant rise in business orders. The seasonally adjusted S&P Global India Manufacturing
Purchasing Managers’ Index rose from 53.9 in June, to 56.4 in July, highlighting the strongest
improvement in the health of the sector in eight months.
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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.
India's services PMI at 4-month low of 55.5 in July,2022 amid high inflation
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August 2022

India’s services sector momentum hit a four-month low as the seasonally adjusted S&P Global
India Services PMI Business Activity Index fell from 59.2 in June,2022 to 55.5 in July,2022 due to
elevated inflationary pressures.On the prices front, services companies reported a further increase in
their average expenses during July, with food, fuel, materials, staff, retail and transportation cited as the
key sources of inflationary pressures.
Under CLSS vertical of PMAY-U, an interest subsidy of ₹48,095 crore released for 20.76 lakh
beneficiaries
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Under CLSS vertical of PMAY-U, so far, an interest subsidy of ₹48,095 crore has been released as
interest subsidy for 20.76 lakh beneficiaries.For the implementation of CLSS vertical of PMAY-U
Mission, Ministry identified three Central Nodal Agencies (CNAs), i.e. National Housing Bank (NHB) and
Housing and Urban Development Corporation Ltd. (HUDCO) and State Bank of India (SBI) to
channelize the subsidy to the Primary Lending Institutions (PLIs).
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Credit Linked Subsidy is a central sector scheme under Pradhan Mantri Awas Yojana (Urban) wherein interest
subsidy on home loans is provided through Central Nodal Agencies (CNAs) and Primary Lending Institutions (PLIs)
to the EWS/LIG/ MIG beneficiaries for purchase, construction or enhancement of house.
PMAY
NHB
Ministry: Ministry of Housing and Urban Affairs
Headquarters:New Delhi
Launch Year: 2015
MD: Sriram Kalyanaraman
Real GDP growth in 2021-22 stands at 8.7 per cent -NSO
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As per provisional estimates released by National Statistical Office (NSO) real GDP growth in 2021-22
stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20 which shows that the Indian
economy in 2021-22 has fully recovered the pre-pandemic real GDP level of 2019-20.
India's July,2022 trade deficit widens to record $31 bn
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India’s trade deficit widened to a record $31 billion in July with a sequential decline in exports and slight
decrease in imports as well.The merchandise exports declined to a five-month low at $35.2 billion in
July while imports eased to $66 billion successively.
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There was a contraction in seven of the top 10 export items. They are engineering goods (2.5 per cent),
petroleum products (7.1 per cent), gems and jewellery (5.2 per cent), pharmaceuticals (1.4 per cent),
readymade garments (0.6 per cent), cotton yarn (28.3 per cent), and plastic (3.4 per cent)
However, some saw robust growth. They are chemicals (7.9 per cent), electronic goods (46.1 per cent),
and rice (30.2 per cent). Among major import items, gold declined 43.6 per cent to $2.4 billion.
However, imports of non-oil and non-gems and jewellery products grew 42.9 per cent.
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Learn Along
A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as
a negative balance of trade (BOT).
SP Group sells entire stake in Jammu highway project to NIIF for $290 mn
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August 2022
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The Shapoorji Pallonji Group announced the divestment of its entire shareholding in SP Jammu
Udhampur Highway Ltd to the National Investment and Infrastructure Fund (NIIF) for USD 290
million (about Rs 2,200 crore).SP Jammu Udhampur is the developer for the Jammu-Udhampur
highway project under a concession from the National Highways Authority of India on a build-operatetransfer (annuity) basis.
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National Investment and Infrastructure Fund (NIIF) is a collaborative investment platform for international and Indian
investors, anchored by the Government of India, which manages funds with investments in different asset classes and
diversified sectors.
Government eases imported coal blending norms for power producers
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The government has left on states and Independent Power Producers (IPPs) as well as the coal
ministry to decide the percentage of imported coal for blending purpose.
Earlier, the power ministry had directed the power generation companies to import at least 10 per cent
of their total coal requirement for blending purposes..If orders for coal imports are not placed by May 31,
2022 and the imported fuel does not start arriving at power plants by June 15, the defaulter gencos will
have to increase their imports to the extent of 15 per cent.
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Ministry of Power
Headquarters: New Delhi
Union Mininster: R.K.Singh
Oppo India to invest $60M in 5 years to support MSMEs for strengthening local smartphone supply
chain
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Smartphone and smart device maker Oppo India has launched project ‘Vihaan’ for micro, small
and medium enterprises (MSMEs) to strengthen the local supply chain for the smartphone ecosystem
in India. Under the initiative, the company will invest $60 million in the coming five years.
According to Oppo India, it has partnered with the government and the industry to encourage around
30 Tier-I suppliers set up operations in the country.
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Oppo
Headquarters: Dongguan, China
CEO: Tony Chen
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
India's market capitalisation to GDP goes past 100% again
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India’s market capitalisation (m-cap)-to-gross domestic product (GDP) ratio has once again gone
past the 100-per- cent mark.
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In June,2022, it had slipped below 100 per cent, following a sharp drop in the benchmark indices.
At the end of July,2022, India’s m-cap-to-GDP ratio was at 102 per cent of 2022-23 GDP estimates,
against its long-term average of 81 per cent.
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August 2022
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.
The Market Cap to GDP Ratio (also known as the Buffett Indicator) is a measure of the total value of all publiclytraded stocks in a country, divided by that country's Gross Domestic Product (GDP).
Rs 9.98 lakh crore sanctioned to 16.67 crore loan accounts under Pradhan Mantri Mudra Yojana in 3
years

₹9.98 lakh crore of loans were sanctioned to 16.67 crore loan accounts under Pradhan Mantri Mudra
Yojana in three years from 2015 to 2018 & it has helped in generation of 1.12 crore net additional
employment during a period of approximately 3 years (from 2015 to 2018). Further, as on 1 July
2022, more than 7.66 crore loans amounting to ₹6.12 lakh crore have been extended to New
Entrepreneurs/Accounts under PMMY, since inception of the Scheme.
Learn Along
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the PM on April 8, 2015 for providing loans up
to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under
PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.
Ministry of Labour & Employment
Headquarters: New Delhi
Union Miniter:Bhupender Yadav
Uber sells entire stake in Zomato for Rs 3,088 cr

American ride-hailing giant Uber sold its entire 7.78 per cent stake in domestic food-delivery
company Zomato for Rs 3,088 crore ($390 million).


A total of 612 million shares were sold at Rs 50.44 apiece to over a dozen institutional investors.
Fidelity Investments bought shares worth Rs 274 crore and ICICI Prudential Life Insurance bought
another Rs 226 crore.
Learn Along
Uber
Headquarters: California,US
CEO: Dara Khosrowshahi
Zomato
Headquarters:Gurugram
CEO: Deepinder Goyal
ICICI Prudential Life
Insurance
Headquarters:Mumbai
MD & CEO: N.S.Kannan
Bangladesh seeks $2 billion from World Bank, ADB to boost forex reserves


Bangladesh is seeking assistance from the World Bank and Asian Development Bank amid efforts
to boost its foreign exchange reserves.
Bangladesh is seeking $1 billion each from them to help the economy cope with the ripple effects of
the war in Ukraine and energy price shocks.
Learn Along
World Bank
ADB
Headquarters: Washington DC,US
Headquarters: Philippines
President:David Malpass
President: Masatsugu Asakawa
Russia becomes India's third-largest coal supplier in July,2022
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


Russia became India's third-largest coal supplier in July,2022, with imports rising by over a fifth
compared with June,2022 to a record 2.06 million tonnes.
Russia has historically been the sixth-largest supplier of coal to India, behind Indonesia, South
Africa, Australia, and the United States, with Mozambique and Colombia alternatingly featuring
in the top five.
India's imports from Russia have jumped nearly five times to over $15 billion ever since Russia
invaded Ukraine. Thermal coal imports from Russia jumped 70.3% in July, compared with June, to a
record 1.29 million tonnes, while coking coal imports rose by over two-thirds to more than 280,000
tonnes.
Learn Along
About Russia
Capital: Moscow
Currency: Russian ruble
Amazon to buy Roomba-maker iRobot Corp for about $1.7 billion

Amazon.com Inc will acquire the maker of robot vacuum cleaner iRobot Corp in an all-cash deal for
about $1.7 billion, in the latest push by the world’s largest online retailer to add to its cart of smart home
devices.Amazon is also buying primary care provider One Medical for $3.49 billion, expanding the ecommerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time.
NRIs can now pay utility bills through Bharat Bill Payment System- RBI

Non-resident Indians (NRIs) will now be able to make utility bill payments for their family in India as the
Reserve Bank of India (RBI) allowed Bharat Bill Payment System (BBPS) to accept cross-border
inward payments.The rationale behind the RBI move is to make it easier for the NRIs who do not have
access to a full suite of bill collectors or may not have a NRE account should be able to make utility
payments on behalf of their family.
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.
REC sanctions Rs 22,000 crore to discoms under new LPS mechanism

In a step towards addressing the issue of mounting dues of state power utilities, which has now crossed
Rs 1.5 trillion, Rural Electrification Corporation (REC), the state-run financial institution in the power
sector, has sanctioned Rs 22,000 crore to power distribution companies (discoms) under the
government’s Late Payment Surcharge (LPS) rules.The amount is distributed for clearing the outstanding
dues by the distribution licensees of Jharkhand, Rajasthan, Chhattisgarh and Jammu & Kashmir.
Learn Along
DISCOMs stands for ‘Distribution Company’. Discoms are the companies that are responsible for the distribution
the electricity to the consumers. These companies do not produce electricity, they buy the electricity from the
producers and then distribute it to consumers.
Rural Electrification Corporation Ltd is a Navratna Central Public Sector Enterprise under the Ministry of
Power. The company is engaged in the financing and promotion of transmission distribution and generation
projects throughout India. Their main objective is to finance and promote rural electrification projects all over the
country. They provide financial assistance to State Electricity Boards State Government Departments and Rural
Electric Cooperatives for rural electrification projects sponsored by them.
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August 2022
Skill India launches RPL program in Delhi to upskill 75,000 workers

The National Skill Development Corporation (NSDC), the strategic implementation and knowledge
partner of the Ministry of Skill Development and Entrepreneurship (MSDE), has initiated a project to
recognize the prior skills of 75,000 people between the age group of 18-45 years and upskill them
in association with the New Delhi Municipal Council (NDMC). The project aims at certifying them to
increase their relevance in the volatile job market and encourage them in contributing toward nationbuilding.The initiative will be funded by NDMC and SANKALP (World Bank Project under MSDE)
and implemented by NSDC.
Learn Along
NSDC
Headquarters: New Delhi
Ministry of Skill Development and Entrepreneurship
CEO: Manish Kumar
Union Minister:Dharmendra Pradhan
Power Min introduces BeSMA mobile app for prepaid electricity meters


Union Power Minister R K Singh unveiled Bharat eSmart Mobile Application (BeSMA) for prepaid
smart meters, which will facilitate consumers to recharge their account and check balance amount
in almost real time. The mobile app would build up on the data of the smart meters and would provide
information to consumers with regard to their usage and balance electricity remaining, both in terms of
units and monetary terms.
The app provides multiple options and gateways like UPI, net banking, credit & debit card etc. for
payment and recharge through mobile phones with ease.
Learn Along
Ministry of Power
Union Minister: R.K.Singh
Parliament passes bill to create Gati Shakti Vishwavidyalaya in Gujarat

Parliament passed a bill to convert the National Rail and Transportation University, a deemed-to-be
university, into Gati Shakti Vishwavidyalaya, an autonomous central institution.The Central
Universities (Amendment) Bill, which also seeks to expand the scope of the University from beyond the
railways to cover the entire transport sector to support the ambitious growth and modernisation in the
field, was also passed by a voice vote.
BPCL to invest Rs 1.4 trillion in next five years

State-owned oil marketing firm Bharat Petroleum Corporation (BPCL) plans to invest Rs 1.4 trillion
in the next five years in six strategic areas, including gas, renewables and e-mobility, aimed at
diversifying and creating additional revenue streams to hedge against any future decline in the liquid fuel
business. Moreover, it also plans to increase its renewable energy capacity to one giga watt (GW) by
2025 and 10 GW by 2040, aligning with its aim to become a net-zero company by 2040.
Learn Along:
BPCL
Headquarters: Mumbai
CMD: Arun Kumar Singh
Jan Samarth Portal eases loan application and disbursement process for applicants
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

The Government has launched Jan Samarth Portal to provide a common platform for availing loan
under certain credit-linked Government schemes.
The salient features of the Jan Samarth Portal are as under:
o It connects all stakeholders like beneficiaries, financial institutions, Central/State Government
Agencies, and Nodal Agencies on a common platform.
o Applicants can initially access 13 credit-linked Government Schemes catering to youth, students,
entrepreneurs and farmers viz. Education Loans, Agriculture Loans, Business Activity Loans, and
Livelihood Loans.
Adani Group to invest Rs 57,575 crore in alumina mill in Odisha



Adani group will invest Rs 57,575 crore in setting up an alumina refinery in Odisha.
It will include two projects — a 4 million tonnes per annum integrated alumina refinery and a 30
million tonnes iron ore (value addition) project.
The capital investment of Rs 57,575 crore will create 9,300 direct jobs and will open thousands of indirect
employment opportunities in Odisha.
Learn Along:
Adani Group
Headquarters: Ahmedabad
Founder: Gautam Adani
Adani Enterprises becomes 4th Group company to cross Rs 3 trillion m-cap



Adani Enterprises (AEL) has become the fourth Gautam Adani Group company to cross the Rs 3trillion market capitalisation (market-cap).
With a market-cap of Rs 3.07 trillion, AEL stood at the 18th position in the overall market-cap ranking
among the BSE listed companies, the exchange data showed.
Currently, Adani Transmission tops the group list with a Rs 3.77 trillion market-cap, followed by Adani
Green Energy (Rs 3.62 trillion) and Adani Total Gas (Rs 3.54 trillion).
Learn Along
BSE
Headquarters: Mumbai
MD & CEO: Ashish Kumar Chauhan
PM to inaugurate IOC ethanol plant near Panipat


PM Modi will inaugurate Indian Oil Corporation’s Rs 900-crore ethanol plant on August 10,2022.
The plant, located near the state-run firm’s Panipat refinery, will use about 0.2 million tonne of rice
straw annually to generate around 30 million litres ethanol a year.

The second generation (2G) plant will provide extra income to farmers and solve, to a great extent,
environment problems related to burning of rice straw in fields.
Learn Along:
IOCL
Headquarters: New Delhi
Chairman & MD: Shrikant Madhav
Vaidya
Social Justice & Empowerment to launch “SMILE-75 Initiative

Ministry of Social Justice & Empowerment, Government of India, has identified 75 Municipal
Corporations to implement comprehensive rehabilitation of persons engaged in the act of begging under
SMILE Support for Marginalised Individuals for Livelihood and Enterprise named as SMILE-75
Initiative. Under this, 75 Municipal Corporations and NGO’s will cover several comprehensive
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August 2022
welfare measures for persons who are engaged in the act of begging with focus extensively on
rehabilitation, provision of medical facilities, counselling, awareness, education, skill development,
economic linkages and convergence with other Government welfare programmes etc.
Learn Along:
SMILE (Support for Marginalised Individuals for Livelihood and Enterprise)- The scheme was launched by the
Ministry of Social Justice and Empowerment on February 12, 2022. A total budget of Rs 365 crore has been allocated
for the scheme for the duration of 2021-22 to 2025-26. The umbrella scheme is set to provide welfare and rehabilitation
to the transgender community and the people engaged in the act of begging.
Ministry of Social Justice & Empowerment
Union Minister: Virendra Kumar
NIPAM achieves target of training 1 million students on Intellectual Property (IP) awareness

National Intellectual Property Awareness Mission (NIPAM) has achieved target of imparting
Intellectual Property (IP) awareness and basic training to 1 million students on 31st July 2022,
ahead of the deadline which was 15 August 2022.The milestonnes that have been achieved till 31st July
2022 -3662 Educational Institutions in 28 States and 7 UTs covered have been covered so far.
Learn Along:
National Intellectual Property Awareness Mission (NIPAM) -A National Intellectual Property Awareness Mission
(NIPAM) under the initiative of the Government's "Azadi ka Amrit Mahotsav", has been launched by DPIIT on 8
December,2021. The pan-India ambitious mission aims to provide awareness on intellectual property and its rights to
1 million students. It aims to inculcate the spirit of creativity and innovation to students of higher education (classes 8
to 12) and ignite and inspire the students of college/Universities to innovate and protect their creations.
Intellectual property rights (IP) are the rights given to persons over the creations of their minds. They usually give
the creator an exclusive right over the use of his/her creation for a certain period of time.
Rs 1,000-crore angel fund to boost 10K start-ups in Uttar Pradesh


The Uttar Pradesh (UP) government has created an angel fund of Rs 1,000 crore to facilitate setting
up 10,000 start-ups across sectors.
Till now, around 6800 startups have been set up and most of them are set up in Noida, Lucknow and
Ghaziabad.15 incubators have also come up in state universities, engineering colleges and
private institutions.
Learn Along:
About UP
Capital: Lucknow
CM: Yogi Adityanath
Governor: Anandiben Patel
Retail inflation eases to 6.71 percent in July,2022 as food prices decrease

Retail inflation softened to 6.71 percent in July, mainly on account of moderation in food prices.

In June, retail inflation was at 7.01 percent and it stood at 5.59 percent in July 2021.
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.
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Industrial production growth remains in double-digit at 12.3pc in June,2022


India’s industrial production grew in double-digit at 12.3 percent in June mainly due to strong
performance by the manufacturing, power, and mining sectors.
Despite being progressive, it is still lower than the 19.6 percent growth in May 2022.
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.
10 states get Rs 31,624-crore special central capex support



The Centre has sanctioned Rs 31,524 crore, or 39% of the unconditional component of the interestfree 50-year capex loans to 10 states till July in current fiscal year.
The beneficiary states are Uttar Pradesh, Karnataka, Maharashtra, Bihar, Chattisgarh, Goa,
Manipur, Nagaland, Sikkim and Himachal Pradesh.
The Centre has launched an expanded scheme of Rs 1 trillion for FY23 to help states maintain capex
after considering the demands from the states.
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.
SBI to run Indian Visa Centres in Bangladesh for two more years

The State Bank of India (SBI) will manage the Indian Visa Application Centre (IVAC) in Bangladesh
for two more years.

Currently, SBI runs a total of 15 IVACs across Bangladesh. The IVAC center at the Jamuna Future
Park in Dhaka was opened in 2018. It is the largest Indian visa application center. The first IVAC was
started by SBI in 2005 in Dhaka.
Learn Along:
SBI
Headquarters: Mumbai
Chairperson: Dinesh Kumar Khara
Har Ghar Tiranga generates Rs 500 crore business & over 30 crore flags sold


The Har Ghar Tiranga campaign by PM Modi has generated business of Rs 500 crore with over 30
crore flags sold this year according to the data provided by the traders’ body Confederation of All
India Traders (CAIT).
It also provided employment to more than 10 lakh people by providing them the job to make
tricolor flags at home.
Learn Along:
Confederation of All India Traders
Headquarters: New Delhi
Secretary General: Praveen Khandelwal
Hyatt Regency to organize the ‘Experience Nila Legacy’ Project to support local small businesses

Hyatt Regency, a multinational hospitality group, in collaboration with The Blue Yonder, a travel
company, is organizing ‘Experience Nila Legacy’, a project to support local small businesses as
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August 2022

part of the 75th Independence Day celebrations.The project is intended to support and encourage
indigenous artisans from the banks of Nila River, to showcase their craftsmanship.
Unique native products like the Killimangalam traditional grass mats, handloom fabrics, musical
instruments, and products made of bamboo, pine, and clay will be displayed at by Hyatt Regency
Thrissur on August 15.
Learn Along:
Hyatt
Headquarters: Chicago, Illinois, US
The Blue Yonder
Headquarters: Arizona, United States
CEO: Mark Hoplamazian
CEO: Duncan B. Angove
Flipkart to handhold MSMEs, weavers, from Varanasi under Samarth programme for growth via ecommerce


Walmart-owned Flipkart signed a Memorandum of Understanding (MoU) with the District
Administration of Varanasi, Uttar Pradesh, to bring local artisans, weavers, and people with disabilities
of Varanasi to the e-commerce marketplace under the Flipkart’s Samarth programme.
Products such as Banaras sarees, handmade carpets, zardoji craft, metal crafts, and handmade dari from
the state will be available to its 400 million customers.
Learn Along
Flipkart
Headquarters: Bengaluru
CEO: Kalyan Krishnamurthy
SAMARTH PROGRAMME-Launched in 2019, Flipkart Samarth intends to benefit MSMEs, artisans and underserved
communities from across the country through e-commerce. The programme offers incubation, assistance with
onboarding, free cataloguing, marketing support, account administration, business insights, and warehousing support
to small enterprises in selling their products on Flipkart’s marketplace.
Infra assets worth over Rs 1.62 trn to be monetised this fiscal: FinMin


Infrastructure assets worth over Rs 1.62 lakh crore are expected to be monetised during the current
fiscal.
The various transactions proposed to be undertaken during FY22-23 include redevelopment of sports
stadium, operational power generation & transmission assets, lease of airports through PPP etc.The
government had last year announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) to unlock
value in infrastructure assets across sectors, ranging from power to road and railways in four years till
2025.
Learn Along:
National Monetisation Pipeline (NMP): The NMP has been announced to provide a clear framework for monetisation
and give potential investors a ready list of assets to generate investment interest. The government has stressed that
these are brownfield assets, which have been “de-risked” from execution risks, and therefore should encourage private
investment.
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.
Uni Cards suspends services after RBI tightens digital lending norms
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August 2022


Uni Cards is suspending card services on its products -- Uni Pay 1/3rd and Uni Pay 1/2 as a
consequence of the digital lending guidelines, recently brought in by the Reserve Bank of India (RBI).
These guidelines tighten norms around digital lending methods.
Uni Cards had paused its customer onboarding when the central bank issued that prepaid
instruments (PPIs) cannot be loaded from credit lines.
Learn Along:
Uni Cards
Headquarters:Bengaluru
CEO: Nitin Gupta
Sovereign Gold Bond Scheme 2022-23 (Series II) to be opened from August 22,2022


As announced by RBI, Sovereign Gold Bonds 2022-23 (Series II) will be opened for subscription
during the period August 22-26, 2022 with settlement date August 30, 2022. The issue price of the
Bond during the subscription period shall be Rs 5,197 per gram.
Government of India in consultation with the Reserve Bank of India has decided to allow discount of
Rs 50 per gram from the issue price to those investors who apply online and the payment is
made through digital mode. For such investors, the issue price of Gold Bond will be Rs 5,147 per gram
of gold.
Learn Along:
Sovereign Gold Bonds are the government securities denominated in grams of gold and they are issued by the RBI
on behalf of the government to reduce the demand for physical gold, the sovereign gold bond scheme was launched
in November 2015. To buy the gold bonds, the investors have to pay the issue price in cash and the bonds will be
redeemed in cash on maturity.
 The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
 The tenor of the Bond will be for a period of 8 years with exit option after 5 th year to be exercised on the next
interest payment dates.
 Minimum permissible investment will be 1 gram of gold. The maximum limit of subscription shall be 4 Kg for
individual, 4 Kg for HUF and 20 Kg for trusts andsimilar entities per fiscal (April-March) year
Foreign exchange reserves fall $2.24 bn to $570 bn & FCA dips to $506.9 bn


The country's foreign exchange reserves fell USD 2.24 billion to USD 570.74 billion
recently.Previously, the foreign exchange reserves declined USD 897 million to USD 572.978 billion.
The data of the components of forex reseres are as follows:
o Foreign Currency Assets declined to USD 506.994 billion.
o Gold reserves surged to USD 40.618 billion.
o The Special Drawing Rights (SDRs) increased to USD 18.133 billion.
o The country's reserve position with IMF also rose by USD 7 million to USD 4.994.
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.
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August 2022
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.
Retail inflation for farm, and rural workers rises to 6.6%, and 6.82% in July,2022


Retail inflation for farm and rural workers increased to 6.60 percent and 6.82 percent, respectively,
in July,20222 mainly due to higher prices of certain food items.
In June 2022 retail inflation for farm and rural workers stood at 6.43 percent and 6.76 per cent
respectively.
Learn Along:
CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) is
released by Labour Bureau
Rajasthan govt to spend 17 crores this financial year to provide free coaching for competitive exams


The Rajasthan government plans to spend over Rs 17 crore this financial year for providing coaching
to students for competitive exams & the number of seats have also been increased to 15000.
Mukhyamantri Anuprati Coaching Yojana was introduced by Rajasthan in 2021-22 for those
meritorious students are unable to attend coaching classes and lag in competitive examinations for want
of money & are provided free coaching from reputed coaching institutes so that they can fulfil
their dreams.
Students are prepared for various exams, including civil services, Rajasthan Administrative Service
or Rajasthan State Subordinate Service Combined Competitive Examination, Rajasthan
Eligibility Examination for Teacher (REET), IIT JEE and medical college entrance exams.
Learn Along
About Rajasthan
Capital: Jaipur
CM: Ashok Gehlot
Governor: Kalraj Mishra
KKR to sell entire 26% Max Healthcare stake for Rs 9,416 crore


American private equity major KKR and Co will sell up to 26.83 per cent in Max Healthcare Institute
for Rs 9,416 crore via block deals.
The deal is managed by Jeffries India and Kotak Securities, India & would mark the exit of KKR from
the company.
Learn Along
KKR & Co. Inc.
Max Healthcare
Headquarters: New York,US
Headquarters: New Delhi
CEO: Henry Kravis (1 May 1976–), George R. Roberts
Chairman: Abhay Soi
KKR launched its highway infrastructure investment trust (InvIT), the Highway Infrastructure Trust
(HIT)

Investment major KKR launched its highway infrastructure investment trust (InvIT), the Highway
Infrastructure Trust (HIT), which is the firm’s third InvIT, with a combined asset value of $3.8 billion.
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August 2022

Between HIT, Virescent Renewable Energy Trust (renewable energy InvIT), and India Grid Trust
(transmission InvIT), the three InvITs cover 33 assets in 22 states in total.
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
States including UP get nod in July to borrow Rs 42,268 cr


The Centre allowed a number of states, including Uttar Pradesh, in July,2022 to borrow Rs 42,268 crore,
taking the total debt limit for all states for the first three quarters of FY23 to Rs 6.14 trillion.
This amount represents 71.5% of their aggregate annual net borrowing ceiling (NBC) of Rs 8.58
trillion (3.5% of GSDP).
Learn Along
Net Borrowing- The Financial Account shows financial assets and liabilities, such as loans, shares, investment funds
and pension funds. The overall change in the account is the total increase in assets minus the total increase in liabilities
and this is the Net Lending or Net Borrowing.
Gross State Domestic Product (GSDP) is a measure in monetary terms, the sum total volume of all finished goods
and services produced during a given period of time, usually a year, within the geographical boundaries of the State,
accounted without duplication.
India's July 2022 WPI inflation eases to 13.93% as food & fuel prices decline


India’s wholesale inflation in July ,2022 eased consecutively to 13.93 percent as vegetables, milk and
fuel became cheaper, but remained in double digits.
Wholesale Price Index-based (WPI) inflation was 15.18 percent in June 2022 and at a record high of
16.63percent in May 2022.
Learn Along:
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.
UP government to offer subsidies to support women entrepreneurs & attract capital investments


Women business owners would be given a 100% stamp duty subsidy on land purchases for
establishing micro and small units under the proposed new policy. Besides, a 50 to 100 percent
subsidy will be given to other MSMEs, depending on their location in the state.
The less developed regions such as Bundelkhand and Purvanchal in eastern Uttar Pradesh would
have lower stamp duty rates.. The state would grant a 100 percent stamp duty grant in Bundelkhand
and Purvanchal, while central and western Uttar Pradesh (apart from Noida and Ghaziabad) would
receive a 75 percent subsidy.
Learn Along:
About UP –
Capital: Lucknow
CM: Yogi Adityanath
Governor: Anandiben Patel
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Govt agrees to enhance ECLGS limit to Rs 5 trn for hospitality & allied sectors


The Union Cabinet approved a proposal to increase the limit of the Emergency Credit Line
Guarantee Scheme (ECLGS) by Rs. 50,000 crore to Rs. 5 trillion from 4.5 trillion. The additional
amount is being earmarked for entities in hospitality and related sectors for its recovery and growth
alongside other sectors of the economy.
This year’s budget had announced extension of the ECLGS till March 2023, and expansion of the
guarantee cover by Rs. 50,000. Loans of about Rs. 3.67 trillion have also been sanctioned under
the scheme as of August 5, 2022.
Learn Along:
ECLGS was rolled out in May 2020 as part of the Centre’s Aatmanirbhar package in response to the Covid-19 crisis.
The objective was to support small businesses struggling to meet their operational liabilities due to the imposition
of a nationwide lockdown.
Flipkart penalised by CCPA for allowing the sale of poor-quality cookers

The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on ecommerce firm Flipkart for allowing sale of substandard domestic pressure cookers on its platform, in
violation of mandatory standards as been set by the Domestic Pressure Cooker (Quality Control)
Order, which came into force on February 1, 2021, mandates conformity to IS 2347:2017 for all
domestic pressure cookers.
Learn Along:
Flipkart
Headquarters: Bengaluru
CEO: Kalyan Krishnamurthy
Central Consumer Protection Authority- It is a regulatory authority set up under Section 10(1) of the Consumer
Protection Act, 2019 in relation to matters affecting rights of consumers by individuals or entities following improper
trade practices or by display of inappropriate or wrong advertisements affecting public interest and helps promoting
consumer trust by enforcing the rights of consumers through effective guidelines.
Microfinance loans grow 24% YoY in Q1 of FY23 – stable credit quality

According to Sa-Dhan, the self-regulatory organization (SRO) for microfinance, the loan portfolio of
micro-finance institutions (MFI) increased 24 per cent year-on-year (YoY) to Rs 2.75 trillion by end of
this June from Rs 2.22 trillion a year ago.Sequentially, the loan book expanded from Rs 2.62 trillion at
end of March 2022 (Q4-FY22).
Learn Along:
Microfinance is a basis of financial services for entrepreneurs and small businesses deficient in contact with banking
and associated services. Similar to banking operation traditions, microfinance entities are supposed to charge their
lender’s interests on loans.
India’s oil demand to rise 7.7 pc in 2022 – OPEC

According to the data provided by OPEC, India’s demand for petroleum products like petrol and diesel
will grow by 7.73 per cent in 2022, the fastest pace in the world.India’s demand for oil products is
projected to rise from 4.77 million barrels per day (bpd) in 2021 to 5.14 million bpd in 2022.
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
The growth in demand is the fastest in the world ahead of 1.23 per cent of China, 3.39 per cent of
the US and 4.62 per cent of Europe.For 2023, the Organisation of Petroleum Exporting Countries
(OPEC) projected a growth of 4.67 per cent in India’s demand to 5.38 percent lower than that of
China.India is the world’s third largest oil importing and consuming nation behind the US and
China.
Learn Along:
OPEC
Headquarters: Vienna,Austria
Secretary General: Haitham al-Ghais
India's market capitalisation hits new record high of Rs 280.5 trillion

The total m-cap of 4,776 firms on the BSE stood at Rs 280.5 trillion, surpassing the previous high of
Rs 280 trillion in January,2022.

The highest-ever m-cap value achieved can be partly attributed to this year’s big new listings such as
Life Insurance Corporation of India (m-cap Rs 4.4 trillion), Adani Wilmar (Rs 95,091 crore) and
Delhivery (Rs 40,627 crore).
Learn Along:
LIC
Headquarters: Mumbai
Chairperson– M R Kumar
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.
IRCTC moves to monetize passenger data


The Indian Railways Catering and Tourism Corporation (IRCTC), the ticket booking arm of the Indian
Railways, is looking to monetize its bank of passenger data while conducting business with private
and government companies.
The public sector undertaking, which has sought the services of a consultant to assist with the
monetization process, plans to raise Rs 1,000 crore through this exercise. In its tender document
for hiring the consultant, IRCTC has mentioned a variety of sectors, such as hospitality, energy,
infrastructure and health, as potential customers for the passenger data.
Learn Along:
IRCTC
Headquarters: New Delhi
Chairman & MD: Rajni Hasija
Shiprocket becomes India’s 106th Unicorn
 Logistics Technology Platform Shiprocket raised USD 33 Million or Rs 260 crore from its existing
investors Temasek Holdings and Lightrock India to be crowned as the 106th Unicorn of India.
 Zomato-backed Shiprocket is the 20th company to cross the 1 Billion Valuation mark in 2022 and
joins the league of CredAvenue, Xpressbees, LEAD and PhysicsWallah among others.
Learn Along:
About Shiprocket
 Shiprocket is a Logistics Technology Platform which is backed by several large investors including Zomato,
Temasek Holdings and Lightrock India.
 The company was founded in 2017 by Saahil Goel, Vishesh Khurana, Gautam Kapoor, and Akshay Gulati,
as a technology-backed logistics service provider to small and medium-sized businesses (SMEs).
About Unicorn
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 Unicorn is a term that is associated with startup firms that are valued above USD 1 Billion mark.
 Currently, India ranks 3rd globally in terms of the number of unicorns being born out of a country.
12 state including J&K debarred from power trading over non-payment of dues

Power System Operation Corporation (POSOCO), the national grid operator under the power ministry,
has debarred 12 states and a Union Territory (UT) from buying/selling electricity at the spot market
as a penalty for not clearing their dues to generators.

Among them are power distribution companies (discoms) in Andhra Pradesh, Tamil Nadu, Telangana,
Karnataka, Bihar, Jharkhand, Madhya Pradesh, Maharashtra, Chhattisgarh, Jammu and Kashmir,
Rajasthan, Manipur, and Mizoram.The defaulting discoms cumulatively owe Rs 5,000 crore to power
generation companies, the highest being in Telangana with Rs 1,380 crore.
Learn Along:
POSOCO
Headquarters: New Delhi
Director: Anshul Bharagava
CCI nod for merger of Shriram group NBFCs


Shriram Transport Finance Company (STFC) received approval from the Competition Commission of
India (CCI) for its merger with Shriram City Union Finance Company.
The merged entity, Shriram Finance, will be India’s largest retail NBFC with assets under management
(AUM) of Rs 1.65 trillion as of June 2022.
Learn Along
Competition
India
Commission
of
Headquarters: New Delhi
Chairrman: Ashok Guptha
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.
CCI approves amalgamation of CSSL & JSW Ispat with and into JSW Steel Limited (JSW Steel)

The Competition Commission of India (CCI) approves the amalgamation of Creixent Special Steels
Limited (CSSL); and JSW Ispat Special Products Limited (JSW Ispat) with and into JSW Steel
Limited (JSW Steel) under Section 31(1) of the Competition Act, 2002.
Learn Along:
JSW Steel Ltd
JSW Ispat
Headquarters: Mumbai
Headquarters: Nagpur
MD & CEO: Prashant Jain
MD & CEO: Prashant Jain
Digital payment to become easier for Indians in UK - UPI to enter into UK market


The indigenously developed real-time payments solution UPI will invade the UK market starting with
QR code-based transactions.
The NPCI International Payments Ltd (NIPL) has entered into a partnership with payments
solutions provider PayXpert to internationalize the acceptance of its payment solutions in the
UK.
Learn Along:
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NIPL is the wholly-owned subsidiary of National Payments Corporation of India (NPCI) which developed the world's
largest real-time payment solution the Unified Payments Interface (UPI) and the RuPay card scheme.
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.
CCI approves acquisition of stake in IIFL Home indirectly by ADIA Group



The Competition Commission of India (CCI) has approved the acquisition of stake in IIFL Home
indirectly by Abu Dhabi Investment Authority (ADIA).
The proposed transaction relates to the acquisition of up to 20 per cent stake in IIFL Home Finance
by Platinum Owl C 2018 RSC Ltd, a trustee acting for Platinum Jasmine Trust.ADIA is the sole
beneficiary and settlor of the Platinum Jasmine Trust.
In June,2022, IIFL Home Finance, a subsidiary of IIFL finance Ltd had entered into definitive agreements
for raising Rs 2,200 crore of primary capital for a 20 per cent stake from a wholly-owned
subsidiary of ADIA.
Learn Along:
IIFL Finance
Abu Dhabi Investment
Authority
Headquarters: Gurugram
Headquarters: Abu Dhabi
CEO: Nirmal Jain
CEO: Hamed bin Zayed Al Nahyan
Centre slashes Windfall Tax to Rs 13,000 per tonne; reintroduces levy on ATF; increased levy on
Diesel


The government reduced the windfall tax on petroleum crude marginally to Rs 13,000 per tonne
from Rs 17,750 per tonne after crude oil prices reached 6 months low.
The centre, however has increased levy on diesel exports to Rs 7 per litre from earlier Rs 5 per
litre and reintroduced levy on aviation turbine fuel exports to Rs 2 per litre.
Learn Along:
A windfall tax is a higher tax rate on profits that result from a sudden windfall gain to a particular company or industry,
often as the result of a geo-political disturbance, war or natural disaster that creates unusual spikes in demand and/or
interruptions to supply.
FTA provisions over Rules of Origin to prevail in case of conflicts: CBIC


Exemptions specified in the Free Trade Agreement (FTA) with regard to country of origin will
prevail in case of conflict between the revenue department and the importer.
The customs field officers should apply to CAROTAR (Customs Administration of Rules of Origin
under Trade Agreements) came into effect from September 21, 2020) and maintain consistency with
the provisions of relevant trade agreements or its Rules of Origin according to CBIC.India has inked
FTAs with several countries, including UAE, Mauritius, Japan, South Korea, Singapore, and
ASEAN members.
Learn Along:
Central Board of Excise & Customs
Founded : 1 January,1964
Chairperson: Vivek Johri
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A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among
them.
Customs Administration of Rules of Origin under Trade Agreements or CAROTAR Rules, came into effect from
September 21, 2020.It empowers the customs officers to ask the importer to furnish further information, consistent with
the trade agreement, in case the officer has reasons to believe that the country-of-origin criteria have not been met.
Where the importer fails to provide the requisite information, the officer can make further verification consistent with
the trade agreement.
Concessional rate of 10% customs duty to apply on mobile display assembly: CBIC


The Central Board of Indirect Taxes and Customs (CBIC) has announced that the import of display
assembly of cellular mobile phone along with back support frame of metal/ plastic will be eligible for
concessional rate of customs duty (BCD) of 10%.
However, in cases wherein other items such as antenna pin, power key, slider switch, battery
compartment, Flexible Printed Circuits (FPCs) for volume, etc. are imported along with display
assembly (with or without back support frame of metal/plastic) the whole assembly will attract
basic customs duty (BCD) at the normal rate of 15%.
Learn Along:
Basic Customs Duty- It refers to the tax imposed on goods when they are transported across international borders.
In simple terms, it is the tax that is levied on import and export of goods. The government uses this duty to raise its
revenues, safeguard domestic industries, and regulate movement of goods.
FDI inflow in R&D sector grows six-fold YoY to Rs 344 million in 2021- Ministry of Commerce &
Industry



According to data published by Ministry of Commerce & Industry- India witnessed a six-fold jump in
foreign direct investment (FDI) equity inflow of $343.64 million in the Research and Development
(R&D) during the calendar year 2021 as compared to the same period a year earlier.
Karnataka was the top FDI equity recipient state in R&D during 2021 followed by Telangana and
Haryana. Singapore was the largest investor in the investor in the R&D space (40 percent) followed
by Germany (35 per cent) and the United States (11 per cent).
Company-wise, Daimler Truck Innovation Center was the top FDI inflow recipient (35 percent),
followed by Aragen Life Sciences Private Limited (34 per cent) and Stelis Biopharma Private
Limited (21 per cent ).
Learn Along:
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.
Ministry of Commerce & Industry
Union Minister: Piyush Goyal
L&T to work across green energy value chain; to pump in $2.5 bn in 3-4 yrs

L&T's plan will include a $2.5-billion investment (nearly Rs 20,000 crore) in green energy, including
green hydrogen, over the next 3-4 years as well as covering the entire value chain sector. That is, from
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

producing the fuel to manufacturing critical components such as electrolyzers and advanced cell
batteries to undertaking engineering, procurement and construction (EPC) projects in this space.
The company’s joint venture (JV) with Indian Oil Corporation (IOC) and ReNew Power will drive its
agenda on green energy & electrolyers.
The investment will also include Rs 5,000 crore to implement and adopt green energy into its
manufacturing and construction sites. This would help it achieve water and carbon neutrality targets
by 2035 and 2040, respectively. L&T has also launched its maiden green hydrogen plant in Hazira
(Gujarat) for captive use.
Learn Along:
Larsen & Toubro
Headquarters: Mumbai
Indian Oil Corporation
ReNew Power
Headquarters: New Delhi
Headquarters: Gurugram
CEO: S N Subrahmanyan
Chairperson: Shrikant Madhav Vaidya
CEO: Sumant Sinha
Engineering, Procurement, and Construction (EPC) is a particular form of contracting arrangement used in some
industries where the EPC Contractor is made responsible for all the activities from design, procurement, construction
to commissioning and handover of the project to the End-User or Owner.The engineering and construction contractor
will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and
then construct to deliver a functioning facility or asset to their clients.
India sees a sharp decline in IT sector's ability to fund the trade deficit



There has been a sharp decline in the IT industry’s ability to fund India’s fast-growing merchandise
trade deficit and current account deficit.
The net export of IT services funded just 30 percent of India's merchandise trade deficit in July,
2022, down sharply from 68 percent in 2021.
The country’s net IT services export was $9 billion in July this year, up 20 percent from $7.5 billion
a year ago. In comparison, the merchandise trade deficit was up 173.4 percent $30 billion in July
this year, from $11 billion a year ago.
Learn Along:
A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as
a negative balance of trade (BOT).
Centre proposes stricter valuation rules for overseas direct investments




The government introduced a new set of rules for domestic entities, including companies and large
family offices and start-ups, opting for the overseas direct investment route (ODI), which could
impact their acquisition decisions in a big way.
The new rules made clear distinctions between ODI (all investments in unlisted foreign entities and
more than 10 percent in listed foreign entities) and OPI (investment by listed companies in foreign
listed securities). The rules state that all transactions of ODI must happen at fair value.
Besides, round-tripping structures now do not require approval from the Reserve Bank of India,
if the structure involves less than two levels of subsidiaries.
The rules also clarified that gift of foreign securities is permitted only between relatives. Earlier,
anyone could have gifted securities to Indian persons.
Learn Along:
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Overseas Direct Investment or ODI is an investment made outside India in a Joint Venture (JV) or Wholly Owned
Subsidiary (WOS) either under Automatic Route or Approval Route. The investment is made by contribution to capital,
subscription to memorandum of a foreign company, or acquisition of existing shares of a foreign entity by market
purchase, private placement or stock exchange.
Foreign portfolio investment (FPI/OPI) refers to investing in the financial assets of a foreign country, such as stocks
or bonds available on an exchange.
Round Tripping Structures- Structures involving investments by resident Indians in a foreign entity that invests or
already has investment back in India are popularly referred as 'Round Tripping Structures'.
Govt allows retro fitment of CNG and LPG kits in BS-VI compliant vehicles


The government has allowed retro fitment of CNG and LPG kits in petrol and diesel vehicles that
are compliant with the BS (Bharat Stage)-VI emission norm. As of now, such modifications are
permissible only in vehicles that are compliant with BS-IV emission norm.
CNG is an environment-friendly fuel and will reduce the emission levels of carbon monoxide,
hydrocarbon, particulate matter and smoke as compared to petrol and diesel engines.
ADB to provide $96.3-mn loan to improve water supply in Himachal Pradesh


The Asian Development Bank (ADB) will provide a loan of USD 96.3 million (about Rs 769 crore) for
a project to provide safe drinking water and improve water supply and sanitation services in
Himachal Pradesh.
The ADB project will connect 75,800 households to the service, providing an uninterrupted water supply
to about 3,70,000 residents across 10 districts. To improve water supply and sanitation services, the
project aims to construct 48 groundwater wells, 80 surface water intake facilities, 109 water treatment
plants, 117 pumping stations, and 3,000 km of water distribution pipelines.
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
Govt’s e-commerce portal GeM now has 50 lakh sellers

The government’s platform for public procurement Government eMarketplace (GeM) has crossed a
huge 50-lakh seller mark amid the growing number of registrations on the MSME registration portal
Udyam which is integrated with the marketplace.

GeM is targetting to double its GMV (Gross Merchandise Value) to Rs 2 lakh crore in the current
financial year on the back of co-operatives. GeM’s GMV for FY22 stood at Rs 1.06 lakh crore, up 176
per cent from Rs 38,580 crore in FY21.
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.
NHA issues hardware guidelines to facilitate effective implementation of the Ayushman Bharat
Digital Mission
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

The National Health Authority (NHA) issued hardware guidelines across States and Union Territories
for healthcare institutions like hospitals, clinics, and health and wellness centers to promote digitization
in hospitals. The guidelines provide a basic framework to States/UTs for planning, assessment and
procurement of the IT hardware (including IT specifications of various hardware equipment) to
operate applications compliant with Ayushman Bharat Digital Mission (ABDM).
ABDM will simplify the processes and increase ease of living by connecting the digital health
solutions of hospitals and other health facilities across the country with each other. The digital
ecosystem will also enable a host of other facilities like teleconsultation, paper-less health records,
QR code-based OPD registrations, etc. The digitization of health records will ensure that old medical
records of patients cannot get lost and are accessible to them anytime anywhere.
Learn Along:
The National Health Authority or the NHA is responsible for implementing India’s flagship public health
insurance/assurance scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana. NHA has been set up to
implement the PM-JAY at the national level.
SBI and ICRA see economy growing in double-digits in June quarter

Rating agency ICRA has predicted that India’s gross domestic product (GDP) will grow 13 percent
year-on-year (YoY) in the first quarter of financial year 2022-23 (Q1FY23), while the State Bank of India
has fixed it at 15.7 percent YoY marking a sharp increase uptrend from the 4.1 percentgrowth recorded
in Q4FY22For the full year, SBI predicted a GDP growth rate of 7.5 percent. According to ICRA,
Gross value added (GVA) in agriculture, forestry and fishing is projected to contract by 1 percent
in Q1, against 4.1 percent growth in Q4FY22.ICRA also expects 17-19 percent growth in the services
sector in Q1, against 5.5 percent in the last quarter.
Learn Along:
About GDP
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services
produced in a specific time period by countries.
SBI
Headquarters: Mumbai
Chairperson: Dinesh Kumar Khara
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
Canara Bank to raise up to Rs 3,500 crore through Tier II bonds


Public sector lender Canara Bank plans to raise upto Re 3,500 crore through tier II bonds in tranches
for enhancing the capital adequacy ratio to meet growth requirements.
Rating agency ICRA has assigned AAA rating with stable outlook to Canara Bank’s proposed Tier
II bonds issuance.
Learn Along:
Tier 2 bonds are components of tier 2 capital, primarily for banks. These are debt instruments like loans, more than
they are equity features like stocks. As with all bonds and other debt instruments, they do not give ownership or voting
rights, but they do offer interest earnings to bondholders or owners .
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Govt allows investment in financial services abroad



Indian companies not in financial services can now directly invest in financial-services firms
abroad, such as brokerages, asset management funds, and credit cards under the automatic route.
Banks and insurance firms have been kept out of this. Earlier, such investment was prohibited.
These are aimed at easing rules for domestic firms that want to invest abroad. The move could
open the door for many companies that want to do so. A company can now invest four times its profit if
it has been profitable for three years.
An entity not in insurance can invest overseas in general and health insurance if such a business
supports the core activity of the Indian outfit. The same relaxation has been given for investment in
GIFT City, where an entity not in financial services can invest in a foreign outfit registered with
the International Financial Services Centres Authority.
Learn Along:
Overseas Direct Investment or ODI is an investment made outside India in a Joint Venture (JV) or Wholly Owned
Subsidiary (WOS) either under Automatic Route or Approval Route. The investment is made by contribution to capital,
subscription to memorandum of a foreign company, or acquisition of existing shares of a foreign entity by market
purchase, private placement or stock exchange.
Gujarat International Finance Tech-City (GIFT City) is a business district currently being constructed in the state
of Gujarat. GIFT City is India’s first operational smart city with the development of world-class infrastructure and
sustainable master planning, which will make GIFT at par or above par with renowned International centres.
IFSCA
Headquarters: Gandhinagar, Gujarat
MD & CEO– Injeti Srinivas
Department of Commerce to set up a dedicated trade promotion body



To set up a future-ready administration geared towards the target of $2 trillion exports by 2030,
the Department of Commerce has decided to set up a dedicated trade promotion body to drive overall
promotion strategy, export targets, and execution as part of a restructuring exercise.
The trade promotion body will formulate and drive overall trade promotion strategy; create and drive
India’s branding across focus markets and sectors; drive coordinated action across missions,
states and export promotion councils; strategic initiatives, including advisory and buyer-seller meet;
and develop digital platforms for exporters and buyers.
In the revamped structure, the Directorate General of Foreign Trade (DGFT) will be positioned as a
nodal entity to carry out trade regulation and facilitation.
Learn Along:
Directorate General of Foreign Trade
Ministry of Commerce & Industry
Headquarters: New Delhi
Director General: Santosh Kumar Sarangi
Union Minister : Piyush Goyal
New rules allow Telcom Companies to lay infra on private properties without approval


Telecom firms will not require any approval for laying cables or installing mobile towers over private
properties, according to new Right of Way Rules.
The Central Government also notified rules for using infrastructure for the installation of small mobile
radio antennas or laying overhead telecom cables along with charges, to ease roll out of networks,
specially 5G services.
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Affordable 5G services to be rolled out in India by Oct 12: Centre



The Union Telecom Ministry has confirmed that 5G Services in India will start from 12th October 2022.
It also launched the GatiShakti Sanchar portal, which would streamline the application and approval
procedure for right of way (RoW) across the country.
Applicants from various telecom service providers (TSPs) and infrastructure providers (IPs) would
be able to apply to states and local governments for right of way licences to lay down optical fibre cable
and erect mobile towers through a single platform.
IOC to spend Rs 2 trillion for net-zero target by 2046


Indian Oil Corporation (IOC) will invest Rs 2 lakh crore to achieve net-zero operational carbon
emissions by 2046.
The target set is in line with India's aim to reach net-zero emissions by 2070.
Learn Along
IOCL
Headquarters: New Delhi
Chairman & MD: Shrikant Madhav
Vaidya
ONDC inks MoU with J&K’s trade promotion body to boost e-commerce adoption in UT

Open Network for Digital Commerce (ONDC) has signed a memorandum of understanding (MoU) with
the Jammu and Kashmir Trade Promotion Organization (JKTPO) to boost e-commerce adoption in the
union territory.
Learn Along
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.
GAIL targets net-zero carbon emissions by 2040
 GAIL (India) Ltd, the nation's largest gas firm, is targeting net-zero carbon emission from its operations
by 2040.
 Recently, Indian Oil Corporation (IOC) on Thursday announced a Rs 2 lakh crore investment to achieve
carbon neutrality in its operations by 2046.
Learn Along
GAIL (India)
Headquarters: New Delhi
CEO: Manoj Jain
Mittal & Nippon to acquire infrastructure assets from Essar Group for $2.4 billion
 ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel,
announced recently that it had reached a definitive agreement to acquire ports, power plants, and other
logistics and infrastructure assets from the Essar group for a net value of about $2.4 billion (Rs 19,000
crore).
Learn Along
ArcelorMittal S.A. is a multinational steel manufacturing corporation headquartered in Luxembourg City. It was
formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. The founder of Arcelor
Mittal is Lakshmi Mittal.
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August 2022
Over 281 million registered on e-shram portal
 According to the data compiled by the union ministry of labour and employment, over 281 million
unorganised sector workers have got themselves registered on e-sharm portal since the process started
on August 26 2021.
 The Aadhar-seeded centralised database is being created primarily to deliver all future social security
benefits of the Centre and the states meant for such set of workers.
Learn Along
e-Shram Portal comes under the control of Ministry of Labour and Employment. It aims to register 38 crore
unorganised workers such as construction labourers, migrant workforce, street vendors, and domestic workers,
among others.
Printing question paper exempt from GST, but not answer booklet, rules AAR



According to Authority for Adavance Rulings, Karnataka, printing stationery items such as question
papers, admit cards, pass certificates, ID cards on contract basis for a school board does not attract the
goods and services tax (GST). However, printing answer booklets does attract GST.
The authority ruled that printing stationery items constitutes a supply of service to an educational
institution and, hence, is exempt from GST.
Thus, if the essential character in the supply of printed product is printing, it would be classified as the
supply of services and would be exempt from GST. However, if this is not the case, it would be considered
as supply of goods and would come under the GST’s purview. Because printing is an ancillary activity
hence will be exempted from taxation but answer booklets & envelopes provides essential
characteristic to the products and hence, answer booklets are taxable under GST at 12 per cent,
whereas envelopes attract 18 per cent.
Learn Along:
Authority for Adavance Rulings -Advance ruling has been internationally recognized as a more or less binding
statement from the revenue authorities upon the voluntary request of a private person, concerning the treatment and
consequence of one or series of contemplated future actions or transactions.
Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied on the supply of goods and services. It
is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect
taxes except a few state taxes.
Department of Commerce to overhaul export scheme for services sector


The Department of Commerce is overhauling the export boosting scheme for the services sector —
Service Exports from India Scheme (SEIS) — with the expressed objective of supporting pandemic-hit
sectors like tourism, hospitality, education, and health care.
The scheme is expected to be a part of the new foreign trade policy expected to be rolled out by the
Directorate General of Foreign Trade.
Learn Along:
Directorate General of Foreign Trade
Ministry of Commerce & Industry
Headquarters: New Delhi
Director General: Santosh Kumar Sarangi
Union Minister : Piyush Goyal
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August 2022
The Service Exports from India Scheme (SEIS) has been introduced in 2015 and is valid for 5 years i.e. from 2015
to 2020.It aims to promote export of services from India by providing duty scrip credit for eligible exports. Under the
scheme, service providers, located in India, would be rewarded under the SEIS scheme, for all eligible export of
services from India.
CAIT to educate 25 lakh traders across India on competition with retail & e-commerce firms


Traders’ body Confederation of All India Traders (CAIT ) will educate and guide 25 lakh traders
across the country by August 15,2023 under its CAIT India Literacy Mission (CILM) to be launched
on September 5,2022. The awareness programme will aim at helping traders understand about
business upgradation, modernisation and adoption of digital technology. Moreover, the initiative
would help businesses compete with the global multinationals and big corporate houses trying to control
and monopolise the retail trade and e-commerce ecosystem in India.
The traders’ body has tied up with Graposs Edutech, an online education company to facilitate traders
with online learning in assistance with local level trade associations across the country. The course
planned for this initiative will be available in 12 Indian languages for better experience.
Learn Along:
Confederation of All India Traders
Headquarters: New Delhi
Secretary General: Praveen Khandelwal
PMJDY accounts hit 462.5 mn in eight yrs, deposits reach Rs 1.73 trillion

Total accounts opened under PM Jan Dhan Yojana (PMJDY) touched 462.5 million in eight years
since the launch of the financial inclusion initiative, taking the deposits in these accounts to Rs 1.73
trillion in August, 2022.

PMJDY accounts opened till August 2021 stood at 430.4 million.. The scheme has expanded its coverage
to 67 percent of rural or semi-urban areas and has 56 percent of women account holders.
About 54 million PMJDY account holders receive direct benefit transfers from the government under
various schemes.
Digital transactions have seen an increase with 319.4 million RuPay debit cards being issued under
PMJDY, installation of point of sale (PoS) machines and introduction of UPI, taking total such transactions
to 71.95 billion in FY22 from 9.78 billion in FY17.Total RuPay card transactions at PoS and ecommerce have increased from 282.8 million in FY17 to 1.51 billion in FY22.


Learn Along:
Pradhan Mantri Jan Dhan Yojana is a financial inclusion program of the Government of India open to Indian citizens,
that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and
pensions.
RuPay is an indigenous payment card launched by NPCI for all Indian banks. It was launched in 2012.
Over Rs 1,500 crore invested in MSMEs through Self Reliant India fund: Govt


The Self Reliant India (SRI) fund launched by the government to make equity investments in small
businesses for their growth, listing on stock markets, and global expansion, has invested Rs 1,571.55
crore in MSMEs.
SRI fund is a SEBI-registered category-II Alternative Investment Fund (AIF) that operates through
the mother-fund and daughter-fund structure. It provides funding to daughter funds for onward
provision as growth capital through equity, quasi-equity, and debt.
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August 2022


SRI fund is implemented by a special purpose vehicle — NSIC Venture Capital Fund Limited
(NVCFL).
The government is the sole anchor investor in the SRI fund with the initial budgetary support of Rs
10,000 as the mother fund. The rest 80 percent of the Rs 50,000 crore fund will come from
daughter funds that will raise capital from outside sources such as banks, financial institutions, HNIs,
venture capital and private equity investors, and others, as per the fund’s guidelines approved in
September 2021.
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.
Credit card spends touch all-time high of Rs 1.16 trillion in July,2022




Credit card spends touched an all-time high of Rs 1.16 trillion in July, registering a growth of 6.5
percent on a month-on-month basis and 54 percent year-on-year.
The addition in credit cards was mainly done by HDFC Bank, Axis Bank,SBI & ICICI Bank. HDFC Bank
has emerged as the largest issuer of credit cards among all banks.
HDFC Bank has the highest market share in credit card spends at 28.34 percent, followed by ICICI
Bank (20.1 percent), and SBI Card (16.7 percent). Axis Bank has a spends market share of 8.7 percent
as of July.
As far as market share in outstanding credit cards is concerned, HDFC Bank has 22.4 percent share,
followed by SBI Card, ICICI Bank, and Axis Bank at 18.1 percent, 17.1 percent and 12.4 percent
respectively.
Learn Along:
HDFC Bank
SBI
Headquarters: Mumbai
Headquarters: Mumbai
CEO: Shashidhar Jagdishan
Chairperson: Dinesh Kumar Khara
ICICI Bank
Headquarters: Vadodara
CEO: Sandeep Bakshi
Axis Bank
Headquarters: Mumbai
CEO: Amitabh Chaudhry
Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club

Adani Transmission has entered the coveted list of top 10 most valued companies, with a market
capitalization (mcap) of Rs 4.43 lakh crore, and holds ninth place in the overall ranking.

Reliance Industries Limited is the most valued domestic firm with a market capitalization of Rs 17.85
lakh crore, followed by TCS (Rs 11.75 lakh crore), HDFC Bank (Rs 8.26 lakh crore), Infosys (Rs 6.28
lakh crore) and Hindustan Unilever (Rs 6,.24 lakh crore).
Next in the ranking is ICICI Bank which has a market valuation of Rs 6.18 lakh crore, followed by State
Bank of India (Rs 4.74 lakh crore), HDFC (Rs 4.44 lakh crore), Adani Transmission (Rs 4.43 lakh crore)
and Bajaj Finance (Rs 4.42 lakh crore).
With this, Life Insurance Corporation (LIC) has moved out of the top 10 most valued companies club.
It now ranks at 11th place, with a mcap of Rs 4.26 lakh crore.


Learn Along:
Adani Transmission
Headquarters: Ahmedabad
CEO: Anil Kumar Sardana
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August 2022
TCS
Headquarters: Mumbai
CEO: Rajesh Gopinath
Infosys
Headquarters: Bengaluru
CEO: Salil Parekh
LIC
Headquarters: Mumbai
Chairperson: M.R. Kumar
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.
IMF revives Pakistan’s EFF program, approves USD 1.17 billion bailout fund

Pakistan has secured a much-needed bailout package from the IMF for the revival of its Extended
Fund Facility (EFF) program, which will help the cash-starved country prevent an imminent default,
amidst the persisting political uncertainty and the devastating floods that has displaced over 33 million
people. The international lender approved the 7th and 8th tranche of USD 1.17 billion for Pakistan.
Learn Along:
IMF
Headquarters: Washington, United States
MD: Kristalina Georgieva
Extended Fund Facility (EFF -The programme seeks to address domestic and external imbalances and ensure fiscal
discipline and debt sustainability while protecting social spending, safeguarding monetary and financial stability and
maintaining a market-determined exchange rate and rebuilding external buffers.
75,000 start-ups recognized by govt- Ministry of Commerce & Industry

75,000 start-ups have been recognized by the government and about 49% of them are from tier-II and
tier-III cities.

According to the data compiled by the Department for Promotion of Industry and Internal Trade (DPIIT),
about 12% of the start-ups belong to IT services, 9% to healthcare and life sciences, 7% to
education, 5% to professional and commercial services and 5% to agriculture.

About 7,46,000 jobs have been created by the start-up ecosystem, having recorded a 110% annual
increase over the last six years.
HDFC Ltd secures $1.1 bn syndicated social loan for affordable housing


Mortgage financier HDFC Ltd has completed a $1.1 billion syndicated social loan facility at a 3.3 per
cent coupon rate for financing affordable housing projects in the country, making it the largest social
finance issuance.
This transaction is the largest social loan globally, the first social external commercial borrowing
(ECB) loan out of India and the largest ECB loan deal from a housing finance company/ private NBFC in
India.MUFG Bank, Ltd. (MUFG) was the lead social loan coordinator for this transaction and was
one of the mandated lead arrangers and borrowers (MLAB).
Learn Along
HDFC Ltd.
Headquarters: Mumbai
CEO: Keki Mistry
RECENT DEVELOPMENTS, ACQUISITIONS, MoUs & LAUNCHES :
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Monthly BeePedia
August 2022
Organization
Name
News
Amazon & Indian
 for For moving customer packages on 325 inter-city routes and faster
Railways
delivery in festive season
Learn Along
Amazon
Headquarters:
Washington,
US
CEO: Andy
Jassy
L&T &
Gujarat
To set up an IT and IT-enabled Services (ITeS) Park in Vadodara at an
investment of Rs 7,000 crore for a period of 5 years
L&T
Headquarters:
Mumbai
MD & CEO: S.
N.Subrahmanya
n
Walmart , Flipkart
&
Assam Govt
To help local MSMEs get on to the e-commerce channel and expand.
The Walmart Vriddhi Programme will help them to become
Competitive and connected to export destinations.
Walmart
Headquarters:
Bentonville,
Arkansas, US
CEO: Doug
McMillon
Flipkart
Headquarters:B
engaluru
CEO:Kalyan
Krishnamurthy
SIDBI &

Andhra Pragati 
Gramina Bank 
(APGB)
Tata Steel
Paytm &
Samsung
Small and Medium Enterprise Development Bank of India (SIDBI)
announced a partnership with Andhra Pradesh’s regional rural bank
Andhra Pragati Gramina Bank (APGB) to provide refinance facility to the
SIDBI


latter for credit availability to MSMEs in the state.
:Lucknow





Tata Group is planning to spend Rs 3,000 crore on R&D by FY26 and is
ready to introduce the 'First in India' seating system for Vande Bharat
Express trains from September 2022.These are specially designed seats,
which can rotate 180 degrees and have aircraft-style passenger amenities.
Headquarters
CMD
:Sivasubramania
n Ramann
PoS Devices- Paytm has partnered with Samsung stores across India to
facilitate smart payments as well as its loan service Paytm Postpaid
through the deployment of point-of-sale devices. The partnership will
enable consumers purchasing Samsung devices — laptops, smartphones,
television, smart watches etc — from any authorised store in the country to
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Tata Steel
Heaquarters:
Mumbai
CEO: T.V
Narendran
Paytm
Headquarters:
Noida
Monthly BeePedia
August 2022
Organization
Name
News
Learn Along
pay through Paytm payment instruments, including UPI, wallet, buy now
pay later scheme, debit cards and credit cards.
Founder: Vijay
Shekhar
Sharma
Samsung
Headquarters:S
outh Korea
Chairman:Lee
kun Hee
Karnataka Bank
State Bank of
India
Yes Bank &
Seller App
New Term Deposit Scheme- Karnataka Bank has launched a new term
deposit scheme on the occasion of 75 years of Independence as Azadi Ka
Amrit Mahotsav. The new scheme will be called KBL Amrit Samriddhi
under ACC and Fixed Deposit category. The bank is offering a 6.10% per
annum interest rate on the deposit scheme with a tenure of 75 weeks (525
days).
SBI Utsav Fixed Deposit Scheme- The State Bank of India (SBI) offered an
“Utsav Deposit” in honor of India’s 76th independence anniversary, Azadi Ka
Amrit Mahotsav. The State Bank of India has introduced a unique term deposit
program. The plan is valid beginning August 15, 2022, for a duration of 75
days. Under this scheme, there will be an interest rate of 6.10 percent per year
on fixed deposits with a term of 1000 days. The scheme has an expiry date,
which will last 75 days. But senior citizens of a particular age group will
get 50% more in interest benefits than the usual accounts.
Yes Bank partnered with SellerApp, a seller-centric intelligence platform in
order to encourage the seller segment of its client base to adopt Open
Network Digital Commerce (ONDC) and help them expand their digital
commerce footprint.
Karnataka
Bank
Headquarters:M
angaluru
CEO:
Mahabaleshawa
ra M.S
-
Yes Bank
Headquarters:
Mumbai
CEO: Prashant
Kumar
BYD India Private Limited, a subsidiary of the Warren Buffett-backed, has
signed an MOU with HDFC Bank for a stock financing solution to its pan India
dealer network. The strategic tie-up will provide BYD’s dealers access to
inventory finance for the electric cars.
BYD India &
HDFC Bank
BYD India
Headquarters:
Tamil Nadu
Director: Zhang
Jie and Han
Gang
HDFC Bank
Headquarters:
Mumbai
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Monthly BeePedia
August 2022
Organization
Name
News
Learn Along
CEO:
Shashidhar
Jagdishan

Manthan- The Government unveiled a platform named Manthan to drive
collaboration between the industry and research institutes to implement
technology-based social impact innovations and solutions in the country.
The Manthan platform is powered by the National Stock Exchange of
Indian
Government
India (NSEIT) which will help scale up interactions among stakeholders,
facilitate research and innovation, and share challenges in various emerging
technologies and scientific interventions, including those that make a social
impact.

Air India &
Meta
Air India has partnered with Meta as it has chosen Workplace technology
of Meta for intra-company communications so that there is a simple and
effective way for all levels of the company to interact with each
other.Workplace will help Air India's employees get regular and real-time
updates on the airline's operations and future plans, exchange
information with peers, and get access to a forum to share their views,
provide feedback and contribute to shaping the airline's vision and
policies.

National
Stock
Exchange of
India
Headquarters:
Mumbai
MD & CEO:
Ashishkumar
Chauhan
Air India
Headquarters:
New Delhi
CEO & MD:
Campbell
Wilson
Meta
Headquarters:
California,US
CEO: Mark
Zuckerberg

Sri Lanka &
Adani Green
Wind projects- Sri Lanka has granted provisional approval to Adani Green
Energy for two wind projects of 286 MW and 234 MW for an investment of
over USD 500 million.
Adani Green
Headquarters:
Ahmedabad
CEO: Vneet
Jaain
Adani Group
HPCL
Sri Lanka has granted provisional approval to Adani Green Energy for two
wind projects of 286 MW in Mannar and 234 MW in Pooneryn for an
investment of over USD 500 million in the country’s Northern province.
HaPpyShop- Hindustan Petroleum Corporation Ltd. unveiled its branded
store Happy Shop in New Delhi. The store will stock home utility products
including food, toiletries, healthcare products, bakery products, groceries,
vegetables and more – available to customers at competitive prices. It is also
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Adani Group
Headquarters:
Ahmedabad
Founder:
Gautam Adani
HPCL
Headquarters:
Mumbai
Monthly BeePedia
August 2022
Organization
Name
News
Learn Along
equipped with advanced digital technology to give a seamless shopping
experience to the customers. Along with the experience of physical store, it has
the option of online shopping with a door delivery model.
Chairman & MD:
Pushp Kumar
Bank of Baroda raised Rs 1,000 crore through issuance of bonds for
financing infrastructure and affordable housing projects. The bonds, with a
tenure of seven years, will offer a coupon rate of 7.39 per cent.
Bank of
Baroda
Bank of Baroda
Headquarters:
Vadodara
MD &
CEO:Sanjiv
Chadha
Baroda Tiranga Deposit Scheme- Bank of Baroda launched the Baroda
Tiranga Deposit Scheme. This is a special term deposit product which
offers higher interest rates on retail deposits below Rs 2 crore.Available
in two tenor buckets of 444 days and 555 days.The Baroda Tiranga
Deposits offers an interest rate of 5.75 per cent p.a. in the former duration
while it yields 6 per cent interest rate p.a. in the latter tenure. The scheme
opens today i.e. August 16, 2022 and will run till December 31, 2022.
Bank of Baroda

ONGC &
ExxonMobil
Deepwater Exploration- Oil and Natural Gas Corporation (ONGC) has
signed a Heads of Agreement (HoA) with global petroleum giant
ExxonMobil for Deepwater exploration in East and West coasts of
India.The collaboration areas focus on the Krishna Godavari and Cauvery
Basins in the eastern offshore and the Kutch-Mumbai region in the western
offshore.
-
ONGC
Headquarters:
New Delhi
MD & CEO:
Dr. Alka Mittal
(ADDITIONAL
CHARGE)
ExxonMobil
Headquarters:
Texas,US
CEO: Darren
Woods
ICAI
MSME Yatra- The program is organized by the ICAI and supported by
MSME Ministry, Small Industries Development Bank of India (SIDBI),
National Small Industries Corporation Limited (NSIC) and State Bank of
India (SBI).This 75-day-long MSME Yatra programme from Mumbai to support
MSMEs in scaling up and capacity buildingThe Yatra will be held from August
to November 2022.The Yatra Vehicle will travel for more than 14,000 kms
covering 75 cities of the Western, Northern, Central, Eastern, and Southern
parts of the country to showcase the MSME ecosystem.
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ICAI
Headquarters:
New Delhi
President :
Debasis Mitra
Monthly BeePedia
August 2022
Organization
Name
News
Learn Along
Yes Bank &
Venture Catalysts
Yes Bank has invested in Venture Catalysts Group Funds (Venture
Catalysts), an integrated incubator that helps startup founders across all
stages of their businesses and also sponsored two other platforms — Beams
fintech fund and 9 Unicorns accelerator fund.
YES Bank
Headquarters:
Mumbai
CEO: Prashant
Kumar
ReNew Power
ReNew Power has tied up a $1 billion loan with a consortium of 12
international lenders led by Rabobank through a special purpose vehicle.
ReNew has signed a power purchase agreement with the Solar Energy
Corporation of India for this project, which will see the setting up of wind
and solar farms across Karnataka, Rajasthan and Maharashtra.
ReNew Power
Headquarters:
Gurugram
Chairman & MD:
Sumant Sinha
Edelweiss Mutual
Fund
Gold & Silver Fund- Asset management company (AMC) Edelweiss Mutual
Fund will launch India’s first scheme that offers exposure to gold and
silver via a single fund on 24 August. The new fund offer for Edelweiss Gold
and Silver ETF Fund of Fund (FoF) will close on 7 September,2022.
Edelweiss
Group
Headquarters:M
umbai
Chairman &
CEO:
Rashesh Shah
Indian Overseas
Bank
IOB Rupay Select Card - IOB has launched a special variant of debit card that
can be used for domestic & international paymemts The ‘IOB Rupay Select
Card’ is designed to cater High Net Worth Individuals (HNI) with add oon
freebies in various facilities including air port lounges, gyms, spas & clubs etc.
Indian
Overseas
Bank
Headquarters:
Chennai
CEO: Partha
Pratim Sengupta
JSW Group &
IIT Bombay
Technology Hub for Steel- The JSW Technology Hub is being set up with
the objective of rapidly expanding production of quality steel, while
maintaining carbon emissions within the target levels. The partnership with IIT
Bombay will also help the conglomerate increase its R&D efforts in the
steel sector.
Flipkart & India
Flipkart, India’s homegrown e-commerce market place announced the
signing of a Memorandum of Understanding (MoU) under the flipkart
Samarth program with the District Administration of Varanasi,
Government of Uttar Pradesh, to enable national market access for
artisans, weavers, people with disabilities and of Varanasi.
India, Japan &
UAE
Projects in Africa- India is joining hands with Japan and the United Arab
Emirates (UAE) to implement two projects in Africa. While India will build a
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JSW Group
Headquarters:
Mumbai
Chairman & MD:
Sajjan Jindal
Monthly BeePedia
August 2022
Organization
Name
News
cancer hospital in Kenya in collaboration with Japan, it will partner with the
UAE to set up an information and communications technology (ICT) centre
in Ethiopia.
Central Bank of
India , Protium
Finance & Incred
Financial Services
Loans to MSME borrowers- Central Bank of India has entered into colending partnerships with Protium Finance and lncred Financial Services
to offer loans to MSME borrowers. The partnerships will provide greater
expansion of portfolio by the bank and to MSME players.
Learn Along
-
Central Bank
of India
Headquarters:
Mumbai
MD & CEO:
M.V.Rao
Director:
Peeyush Misra

HDFC ERGO
General Insurance
HDFC ERGO General Insurance Company has announced the launch of
‘Pay As You Drive – Kilometre Benefit’ add-on cover for all its private car
owners.Anyone driving less than 10,000 km in a year can benefit up to 25%
of their own damage premium, subject to the odometer reading.
HDFC ERGO
General
Insurance
Headquarters:
Mumbai
CEO: Ritesh
Kumar

Jupiter
Jupiter, a neobanking and financial services platform, has entered the
investments space and is offering a no-penalty systematic investment
plan (SIP).This means that if the bank balance of a user is running low, the SIP
mandate will automatically be skipped, according to this new feature.The
feature is currently available only to existing mutual fund account
holders.
Jupiter
Wynk Studio - Airtel launched Wynk Studio, a music distribution ecosystem
for independent artists, as part of its music and podcast streaming app
Wynk. The studio enables artists to launch and partner in monetizing their
music on a host of platforms.
Airtel
Headquarters:
Mumbai
Founder & CEO:
Jitnedra Gupta

Airtel
Headquarters:
New Delhi
CEO: Gopal
Vittal


Indian Oil 
Corporation 
50 Fuel Stations- Sri Lanka has given approval for India's Lanka Indian
Oil Corporation (LIOC) to open 50 new fuel stations as part of efforts to
reduce severe shortages that have crippled the island nation.
LIOC is a subsidiary of India's Indian Oil Corporation and is listed
on the Colombo Stock Exchange.

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IOCL
Headquarters:
NewDelhi
Chairman & MD:
Shrikant
Madhav Vaidya
Monthly BeePedia
August 2022
Organization
Name
News



Jindal Staninless
&
EY India

Learn Along
Jindal
Stainless Steel
carveout a roadmap to meet its sustainability goals. It is making efforts to
Ltd
decarbonizean reduce carbon emissions significantly for its present and future Headquarters:
capacity expansion plans. It has partnered with EY India to solidify ESG
New Delhi
(Environmental, Social and Governance) goals.
Chairman & MD:
Ratan Jindal
ESG Goals-Jindal Stainless Limited (JSL) has partnered with EY India to
Ernst & Young
Headquarters:
London,UK
CEO: Carmine
Di Sibio





HPCL &

Honda Motors 
Battery Swapping Stations for EVs-Hindustan Petroleum Corporation Ltd HPCL
(HPCL) and Honda Motor have joined hands to set up battery swapping
Headquarters:
stations for electric vehicles at the state-owned oil firm's petrol pumps. HPCL
and Honda Power Pack Energy India Pvt Ltd, a subsidiary of Honda Motor
Co Ltd (Honda), launched their first e:swap station at HPCL's petrol
pump in Bengaluru.
Mumbai
Chairman & MD:
Pushp Kumar
Joshi
Honda Motor
Co. Ltd
Headquarters:
Tokyo, Japan
CEO:Toshihiro
Mibe
The Sajjan-Jindal-led JSW Energy announced that its arm JSW Neo
Energy is going to buy Mytrah Energy’s 1.75-gigawatt (Gw) renewable
energy assets for Rs 10,530 crore. This is the third-biggest acquisition
JSW Energy



Microsoft & 
Indian

Government 



in the renewable energy space in India.
JSW Energy
Headquarters:
Maharashtra
CEO: Prashant
Jain
Microsoft and the Indian government will collaborate for a programme to Microsoft
train nearly 2.5 million civil servants in using the company’s suite of digital
tools. The partnership between the tech giant, the Ministry of Skill
Development & Entrepreneurship (MSDE), and the Capacity Building
Commission(CBC) aims to help civil servants in helping the
underprivileged. It will help them in delivering social welfare services.
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Headquarters:
Washington, US
CEO: Satya
Nadella
Monthly BeePedia
August 2022
Organization
Name
News




Adani Group , 
ACC & Ambuja
Adani Group is acquiring Ambuja Cements and ACC from Switzerland’s
Holcim.The two companies were acquired in a $10.5-billion (Rs 81,339 crore)
transaction in May,2022, making Adani the second-largest cement player in
India after Ultratech.
Learn Along
Ambuja
Cements
Headquarters:
Mumbai
CEO: Neeraj
Akhoury
ACC
Headquarters:
Mumbai
CEO: Sridhar
Balakrishnan
HDFC Bank



TReDS-Private sector lender HDFC Bank has partnered with invoice
discounting platform M1xchange to get onboard the Reserve Bank of
India’s Trade receivables Discounting System (TReDS) mechanism to




cater to MSMEs. This partnership is expectedto bring in more liquidity and
enhance adoption of TReDS among a wider number of Corporate
Customers and MSMEs.
HDFC Bank
Headquarters:
Mumbai
CEO:
Sashidhar
Jagdishan
Smart Facility for SIP, STP and SWP-According to the company, this feature Kotak Mutual
Kotak Mutual
Fund




CoinSwitch
takes the traditional SIP/ STP/ SWP facility a step further, where investors’
instalment (in case of SIP/STP) or withdrawal (in case of SWP) varies based
onmarket valuation. This facility also allows you to choose the minimum and
maximum SIP amount. Investors can also opt for this option through the
Systematic Transfer Plan (STP) route.
$10mn Venture Capital Fund- Indian crypto company CoinSwitch has
launched a $10 million venture capital fund for investments in earlystage start-ups and building blockchain solutions.The Web3 Discovery
Fund will carefully organise the portfolio start-ups and provide single-window
access to variou investor partners.

India & Malaysia
The Indian Vegetable Oil Producers’ Association (IVPA) signed a
Memorandum of Understanding (MoU) with the Malaysian Palm Oil
Council (MPOC) to enhance cooperation between Malaysia and India in
the palm oil industry and to promote the usage of palm oil.


India & Maldives
Indian Prime Minister Narendra Modi and Maldivian President Ibrahim
Mohamed Solih launched the “Greater Male connectivity projects in the
Maldives” and also entered pacts in areas like cyber security, disaster
management, and police infrastructure development.
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Fund
Headquarters:
Mumbai
CEO: Nilesh
Shah
CoinSwitch
Headquarters:
Bengaluru
CEO: Ashish
Singhal
Malaysia
Capital:Kuala
Lumpur
Currency:Malay
sian ringgit
PM:Ismail Sabri
Yaakob
Maldives
Capital: Maale
City
President:
Monthly BeePedia
August 2022
Organization
Name
News
The Male connectivity projects will be built under India’s USD 100 million
grant and USD 400 million line of Credit.
India also extended a USD 100 million line of credit for development projects
in the Maldives.
India & France
India & Iran
CII & Nagaland
On 6th July, 2022 the Union Cabinet approved the signing of Contract
between the Organisation for Economic Cooperation and Development,
France on behalf of the International Transport Forum and the Technology
Information, Forecasting and Assessment Council (TIFAC), India to support
the International Transport Forum (ITF) activities on the Indian Transport
Sector.
India and Iran signed a memorandum of understanding on recognition of
Certificates of Competency in Unlimited Voyages to help seafarers from both
countries as per the provisions of the International Convention on Standards
of Training, Certification and Watch Keeping for Seafarers, 1978.
Confederation of Indian Industry (CII) signed an MoU with the Nagaland
Government to collaborate and unleash the potential of entrepreneurial
talents in Nagaland at the Nagaland CSR & Investment Conclave 2022 “Partnership for Strengthening Sustainable Development”.
CII would establish startup cohorts and conduct capacity-building programs
for Nagaland Government officials, financial institutions & banks in Nagaland,
incubators, and academic innovation cells for engaging with startups.
The Indian Navy will be facilitated to partner with entrepreneurs and startups
in Nagaland to provide support for their innovation and indigenization
initiatives. A training school will be set up in Nagaland, facilitated by the CII
Institute of Logistics, to mobilize candidates from Nagaland for various roles
in the logistics sector.
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Learn Along
Ibrahim
Mohamed Solih
USA
Capital:
Washington,
D.C.
President: Joe
Biden
Currency:
United States
Dollar
About France
Capital: Paris
President:
Emmanuel
Macron
Currencies:
Euro, CFP franc
About Iran
Capital: Tehran
Currency:
Iranian rial
President:
Ebrahim Raisi
CII
Headquarters:
NewDelhi
President: Sanjiv
Bajaj
Monthly BeePedia
August 2022
Organization
Name
IOCL &
Bangladesh
SIDBI &
Tata Power’s
TPRMG
News
The Indian Oil Corporation Limited (IOCL) signed an MoU with the
Bangladesh Roads and Highways department in Dhaka for the emergency
supply of petroleum goods via Bangladesh territory to India.
Green Entrepreneurs- Small Industries Development Bank of India (SIDBI)
has collaborated with TP Renewable Microgrid (TPRMG), a subsidiary of
Tata Power, to launch 1,000 green energy enterprises across the
country.The initiative is aimed at promoting sustainable entrepreneurship
models and empowering rural entrepreneurs.The entrepreneurs shortlisted
under the initiative will have to complete a capacity-building activity
organized by TPRMG to receive an impetus called Go REsponsive,
ENterprise incentive (GREENi) from SIDBI.
Learn Along
About IOCL
Founded: 30
June 1959
Headquarters:
New Delhi
Chairperson:
Shrikant
Madhav
Vaidya
SIDBI
Headquarters:
Lucknow
Chairman & MD:
Sivasubramania
n Ramann
Tata Power
Headquarters:
Mumbai
CEO: Praveer
Sinha
Adani Group &
NDTV
Acquisition- The media arm of the Adani group has acquired an indirect
stake of 29.18 percent in New Delhi Television (NDTV) through the
conversion of loans into an equity stake in the promoter group company of
NDTV.
NDTV
Headquarters:
New Delhi
President:
Suparna Singh
Godrej Agrovet ,
Assam, Manipur &
Tripura
Oil Plam Cultivation- Godrej Agrovet that it has signed three
Memorandum of Understandings with Assam, Manipur and Tripura state
governments for development and promotion of oil palm cultivation in the
region under the National Mission on Edible Oils-Oil Palm (NMEO-OP)
scheme.
Godrej
Agrovet
Headquarters:
Mumbai
MD: Balram
Singh Yadav
HPCL
Cow dung to Compressed Biogas Project- HPCL commenced its
Cowdung to Compressed Biogas Project at Sanchore, Rajasthan. This will
be HPCL’s first project under the Waste to Energy portfolio. The plant is
proposed to utilize 100 Tons per day of dung to produce biogas, which
can be utilized as automotive fuel. The project is proposed to be
commissioned in a year’s time. The project is being developed under the
GOBAR-Dhan scheme launched by Government of India.
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HPCL
Headquarters:
Mumbai
Chairman & MD:
Pushp Kumar
Joshi
Monthly BeePedia
August 2022
Organization
Name
News
Solar Equipment Manufacturing Facility- NHPC said that it has signed a
Memorandum of Understanding (MoU) with Bharat Electronics (BEL) for
setting up of gigawatt-scale vertically integrated solar manufacturing unit.
NHPC Ltd &
BEL
Learn Along
NHPC Ltd
Headquarters:
Faridabad
CMD: Abhay
Kumar Singh
BEL
Headquarters:
Bengaluru
CMD: Anandi
Ramalingam
Nutrihub, ICARIIMR &
Akshaya Patra
Foundation
MoU- The Akshaya Patra Foundation and Nutrihub, sign a memorandum
of understanding (MOU) under the supervision of the Indian Council of
Agricultural Research-Indian Institute of Millets Research (ICAR-IIMR) to
integrate millets under the PM POSHAN scheme to increase the
consumption of millets and thereby help improving children's nutritional
status. The cooperation is a project to prepare for the International Year of
Millets to be hosted by India’s government in 2023.
Akshaya
Patra
Foundation
Headquarters:
Bengaluru
CEO: Shridhar
Venkat
Online Safety Initiative-Aiming to better tackle the growing cyberattacks,
the company has launched a cybersecurity upskilling program for
approximately 100,000 developers, IT, and start-up professionals across
the country.
Google
Google under the initiative has joined hands with Ministry of Electronics
and Information Technology (MEITY), Digital India Corporation and few
leading banks of India to launch a multilingual user awareness campaign on
ways to adopt better digital transaction practices amongst the internet users.
Google
Headquarters:
California,
United States
CEO: Sundar
Pichai
HCL
TechBee Programme-HCL TechBee programme is organised by
Hindustan Computers Limited (HCL) Technologies every year for Class
12 students passing with Mathematics as a compulsory subject. This
programme is also campaigned by the central government and various state
governments. This programme aids students to pursue higher education
in universities and higher educational institutions (HEIs) in India along
with attaining financial assistance at an early age.
Neutral Shared RAN Solution- RailTel, a CPSU of the Ministry of Railways
and CloudExtel, a known Full Stack Network as a Service (NaaS) Provider
have partnered together to launch India’s first Shared Radio Access
Network (RAN) solution for congested locations with the objective of
enhancing telecom users’ experience. RailTel and CloudExtel carried out the
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HCL
Headquarters:
Noida
Founder: Shiv
Nadar
RailTel
Headquarters:
Gurugram
Monthly BeePedia
August 2022
Organization
Name
News
Learn Along
RailTel &
CloudExtel
successful pilot of this project in partnership with Bharti Airtel, Vodafone Idea,
Nokia, and the Telecom Infra Project (TIP)’s NaaS Solutions Group, with vital
support from the Railways, in one of the most networks, stressed locations
namely Mumbai Central railway station.
CMD: Aruna
Singh
CloudExtel
Headquarters:
Mumbai
CEO: Kunal
Bajaj
EV Mnaufaturer
BYD
Telangana’s WE
Hub & Neobank
Tide
LazyPay &
Dukaan
Born Electric SUV- The Warren Buffet-backed Chinese electric vehicle
manufacturer BYD will be unveiling a Born Electric SUV for the Indian
market by the fourth quarter of 2022.This will be the first Born Electric SUV in
the mass market. The Born Electric models from Tata Motors and Mahindra
and Mahindra would be launched from 2024.
BYD India
Headquarters:
Tamil Nadu
Director: Zhang
Jie and Han
Gang
Support to Women led SMEs- Telangana government’s incubator for
women entrepreneurs WE Hub has partnered with the United Kingdombased SME-focused neobank Tide for a year to help women
entrepreneurs in India start and grow their businesses in Tier II & III
regions. The joint venture will focus on counselling and educating women
owners about regulations and compliances, accounting and financial planning,
filing tax returns, loan application support, and marketing and sales. It will also
facilitate peer training and networking among them
Neobank Tide
BPNL Solution to small businesses- Digital lending company PayU
Finance’s buy now pay later (BNPL) solution LazyPay has partnered with
the digital storefront provider for small businesses Dukaan to offer BNPL
service to small sellers and entrepreneurs and help them scale their
operations. Integrating the BNPL solution into the available payment modes
will help such merchants improve their sales and encourage first-time
customers to become repeat customers.
LazyPay
Headquarters:
London
CEO: Oliver Prill
Headquarters:M
umbai
CEO: Anup
Agarwal
Dukaan
Headquarters:
Bengaluru
CEO: Sumit
Shah
Mastercard &
BASIX
Agri-tech platform for farmers-Mastercard collaborated with livelihood
promotion institution BASIX Social Enterprise Group to launch an
agritech platform BASIX Farmers’ Market (BFM) to integrate farmers into
the digital economy.The digital platform will be used to address the
fundamental challenges for small farmers related to price discovery, market
reach, payments, and credit access leveraging technology from Mastercard
and sector expertise of BASIX. The companies aim to connect 10 lakh
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Mastercard
Headquarters:
New York, US
CEO: Michael
Miebach
BASIX
Monthly BeePedia
August 2022
Organization
Name
News
Learn Along
farmers with technology to their benefit, including the new cohort of 200
Farmer Produce Organisations (FPO).
Headquarters:
Hyderabad
CEO: Sattaiah
Devarakonda
HDFC Bank &
Tata Neu
Punjab National
Bank
Edelweiss General
Insurance &
Ministry of Health
& Family Welfare
Adani Group
Suzuki Motor
Tata Neu HDFC Bank Credit Card- HDFC Bank launched the ‘Tata Neu
HDFC Bank Credit Card’ in partnership with Tata Neu. The card will offer
exclusive benefits to its customers, with even more rewards for customers who
transact on Tata Neu and its partners.The credit card will be available in two
variants – Tata Neu Plus HDFC Bank Credit Card and Tata Neu Infinity
HDFC Bank Credit Card, and both these variants will be available on RuPay
and Visa networks.
Pre-Qualified Credit card & OD Facility - State-owned Punjab National Bank
(PNB) announced the launch of its pre-qualified credit card with a host of
features, including insurance coverage. This facility will be available for
salary account customers and they shall be able to apply through the mobile
banking app PNB One, website or Internet Banking Service (IBS).The bank
will be offering this service under two platforms -- RuPay and Visa.It has
also introduced a new facility of overdraft against fixed deposit on PNB
One in a few clicks and a single OTP.
Digital Health IDs- The health ministry partnered with digital insurer
Edelweiss General Insurance to help creating digital health IDs under
Ayushman Bharat Digital Mission. Digital Health ID or ABHA (Ayushman
Bharat Health Account) number is a 14-digit number that helps users to
share and access their health records digitally with registered healthcare
providers.The company said that all its customers and the public at large
can now generate their unique ABHA number through its official site.
HDFC Bank
Headquarters:
Mumbai
CEO: Sashidhar
Jagdishan
PNB
Headquarters:
New Delhi
MD & CEO: Atul
Kumar Goel
Edelweiss
General
Insurance
Headquarters:M
umbai
CEO:Shanai
Ghosh
1000MW Data Centres-Adani Group firm AdaniConneX is planning to
build 1,000 megawatt data centers -- almost double the present size of the
total industry -- over a period of 10 years. The six cities which will get first
seven data centers will have total capacity of 450 MW over the next three
years, while 550 MW is going to be in tier-2 and 3 towns.
Adani Group
EV Battery Unit-Suzuki Motor Corporation announced the setting up of a
new research and development (R&D) centre in India. The new company is
wholly owned by Suzuki, Japan. It aims to strengthen the R&D
competitiveness and capabilities in new fields of technology not only for India
but also for the global markets. Furthermore, it will strengthen the ties with
Indian academic institutes and start-ups to develop diverse human
resources
Suzuki Motor
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Headquarters:
Ahmedabad
Founder:
Gautam Adani
Headquarters:
Hamamatsu,
Japan
CEO: Osamu
Suzuki
Monthly BeePedia
August 2022
Organization
Name
RailRestro
Flipkart
NMDFC &
ICICI Bank
News
Learn Along
Logistics Infrastructure-Leading food tech company RailRestro will be
investing USD 20-30 million for building a robust logistics infrastructure
and will undertake rapid expansion in coverage with a focus on the east. The
infrastructure exercise primarily focuses on a company-owned delivery fleet
to service all the railway stations that it covers across the nation.
RailRestro
Automated Fulfilment Centres- Walmart-owned e-commerce major
Flipkart is going to invest over Rs 3,600 crore in the next three years to set
up three new giant automated fulfilment centres. This includes one in
Manesar which is under construction and two new ones, which would
come up in South and West Bengal respectively.Each of these facilities will
require Rs 1200 crore to Rs 1500 crore investment.
Financial Accounting Software & App-The National Minorities
Development and Finance Corporation (NMDFC) signed an agreement
with ICICI Bank for the development of financial accounting software and
mobile application.The Memorandum of Understanding (MoU) provides for
the development of financial accounting software for NMDFC and State
Channelizing Agencies (SCAs), loan accounting software for receiving and
processing of loan applications and accounting of repayments from
beneficiaries.ICICI Bank will design, develop and deploy the application
for NMDFC, provide source code and executable database information
among others.
Headquarters:
Patna,Bihar
CEO: Manish
Chandra
Flipkart
Headquarters:
Bengaluru
CEO: Kalyan
Krishnamurthy
NMDFC
Headquarters:
Delhi
CMD: Rakesh
Sarwal
ICICI Bank
Headquarters:
Mumbai
MD &CEO:
Sandeep
Bakhshi
AXIS Bank &
KMRL
Meta &
Reliance
Kochi1 Card- Axis Bank has decided to roll out campaigns along with the
Kochi Metro Rail Ltd to promote its Kochi1 card amongst metro commuters.
This would help daily commuters save considerably more with discounted
metro fares. The cardholders also get lounge access and discount on bus
tickets, making the Kochi1 card popular amongst people of Kochi.
Grocery shopping on Whatsapp- Meta Platforms Inc, the parent company
of WhatsApp, will partner with Reliance JioMart for a service where
WhatsApp users can buy groceries on the messaging platform from the Indian
retail firm. The company’s new commerce initiative is on course to partner
with one crore merchants as it expands to cover the entire country in the next
five years.
Axis Bank
Headquarters:
Mumbai
MD &CEO:
Amitabh
Chaudhry
Meta
Headquarters:
California,US
CEO: Mark
Zuckerberg
Reliance
JioMart
Headquarters:
Mumbai
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Monthly BeePedia
August 2022
Organization
Name
News
Learn Along
Chairman:
Mukesh Ambani
ICICI Bank &
NPCI
ICICI Bank Coral Rupay Credit- ICICI Bank has partnered with the National
Payments Corporation of India (NPCI) to launch a range of credit cards on
RuPay network. ICICI Bank Coral RuPay Credit Card is a contactless card
offering a host of privileges and benefits including reward points on daily
purchases like shopping and restaurants, paying utility bills,
complimentary domestic airport & railway lounge access, waiver of fuel
surcharge, discounts on movie tickets & dining, among others & also
offers exclusive benefits of the RuPay network such as accident
insurance coverage to the cardholder.
ICICI Bank
Headquarters:
Mumbai
MD &CEO:
Sandeep
Bakhshi
NPCI
Headquarters:
Mumbai
MD & CEO: Dilip
Asbe
Union AMC
PGIM India Mutual
Fund
BHEL &
RVNL
Union Retirement Fund-Union AMC has launched the Union Retirement
Fund, which is an open-ended retirement solution-oriented scheme
having a lock-in of 5 years or till retirement age (whichever is earlier). The
New Fund Offer (NFO) of Union Retirement Fund will open on 1st September
2022 and close on 15th September 2022. The minimum investment
required is Rs 1,000 and in multiples of Rs 1 thereafter. The investment
objective of the scheme is to generate long-term capital gains by investing in
a mix of securities comprising of equity, equity-related securities and
debt instruments as per the asset allocation pattern of the scheme with
a view to provide a retirement investment solution to investors.
Money&Me Website- PGIM India Mutual Fund today announced that it
has launched a new investor education and awareness website
MoneyAndMe. The company also announced the launch of a consumer
awareness campaign – 'Aapka HappinessPlanned' to promote the
MoneyAndMe Initiative.The MoneyAndMe initiative draws on a key insight
that different consumer personas have different needs for information
and awareness, enabling it to sharply personalize content to make it
more useful for respective consumer personas.
Indigenous manufacturing & infrastructure development-BHEL and Rail
Vikas Nigam Ltd. (RVNL) have signed an MoU to jointly work in the field
of infrastructure and project execution, in India and abroad, through
synergy of their respective capabilities.This will pave the way for collaboration
in both the present as well as future areas of operation towards the
'Atmanirbhar Bharat Abhiyan' of Government of India.
Union AMC
Headquarters:
Mumbai
CEO: G.
Pradeepkumar
PGIM India
Mutual Fund
Headquarters:
Mumbai
CEO: Ajit Menon
BHEL
Headquarters:
New Delhi
CEO: Nalin
Singhal
RVNL
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Monthly BeePedia
August 2022
Organization
Name
News
Learn Along
Headquarters:N
ew Delhi
CMD: Pradeep
Gaur
AAI & Sweden
Airports Authority of India (AAI) and LFV Air Navigation Services of
Sweden has signed a Memorandum of Understanding at the Corporate
Headquarters of AAI in New Delhi.
This MoU shall pave the way for bi-lateral exchange of aviation
expertise and technology between the two countries.
AAI
Founded: 1
April 1995
Headquarters:
New Delhi
Chairman:Sanj
eev Kumar
Sweden
Capital:
Stockholm
Currency:
Swedish krona
PM: Eva
Magdalena
Andersson
SEBI and FINANCIAL AWARENESS
SEBI restructures market data advisory committee

SEBI has restructured its advisory committee on market data that recommends policy measures
pertaining to securities market data access and privacy.
The market data advisory committee will now have 20 members chaired by S Sahoo as compared to
21 members earlier.Sebi has replaced NSE's former MD and CEO Vikram Limaye with the
exchange's newly appointed chief Ashishkumar Chauhan, MD & CEO of BSE.

Learn Along
SEBI
NSE
BSE
Headquarters: Mumbai
Chairman: Madhabi Puri Buch
Headquarters: Mumbai
Chairman: Girish Chandra Chaturvedi
Headquarters:Mumbai
Chairman: Ashishkumar Chauhan
SEBI comes out with disclosure requirement for AMCs

SEBI has released the disclosure framework for asset management companies, mandating a schemewise disclosure of investments in securities of entities that are excluded from the definition of “associate”.
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Monthly BeePedia
August 2022


SEBI had earlier amended mutual fund rules to remove the applicability of the definition of “associate” to
sponsors that invest in various companies on behalf of the beneficiaries of insurance policies or such
other schemes.
As part of the new framework, asset management companies (AMCs) will have to make scheme-wise
disclosure of investments, as on the last day of each quarter, in securities of such entities that are
excluded from the definition of “associate”.
SEBI amends the rules for mutual funds; defines 'associate'




SEBI has amended mutual fund rules to remove the applicability of the definition of "associate" to
sponsors that invest in various companies on behalf of the beneficiaries of insurance policies.
The new rules will become effective from September 3,2022, the Securities and Exchange Board of
India (SEBI).
The definition of associate shall not be applicable to such sponsors, which invest in various companies
on behalf of the beneficiaries of insurance policies or such other schemes.
Under the amended rules, an associate includes a person who directly or indirectly, by himself,
or in combination with relatives, exercises control over the Asset Management Company (AMC)
or the trustee, among others.
Learn Along
An asset management company (AMC) is a firm that invests pooled funds from clients, putting the capital to work
through different investments including stocks, bonds, real estate, master limited partnerships, and more. AMC
managers are compensated via fees, usually a percentage of a client's assets under management.
SEBI constitutes an expert group of FPIs to boost overseas flows

SEBI has constituted an expert group of foreign portfolio investors (FPIs) to boost overseas flows
into the country. The FPI Advisory Committee (FAC) will be chaired by KV Subramanian, Former
Chief Economic Adviser and consists of 14 other members representing foreign banks, stock
exchanges depositories and the RBI.
Learn Along
Foreign portfolio investment (FPI) refers to investing in the financial assets of a foreign country, such as stocks
or bonds available on an exchange.
SEBI announced Ananth Narayan as the 4th Whole-time Member

SEBI has appointed Ananth Narayan Gopalkrishnan, Associate Professor, SP Jain Institute of
Management & Research as the 4th whole time member. He has been appointed for the initial period
of 3 years.

He will join SEBI’s other three Whole Time Members namely SK Mohanty, Ashwani Bhatia and Ananta
Barua.
Learn Along:
Whole Time Member-A whole-time director refers to a director who has been in employment of the company on a
fulltime basis and is also entitled to receive remuneration.
SEBI devices framework to curb insider trading

Market regulator SEBI has come up with a new framework that will prevent company insiders from
dealing in shares during the closure of the trading window.
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Monthly BeePedia
August 2022

Under SEBI’s prevention of insider trading (PIT) regulations, the trading window is closed when the
compliance officer determines that a designated person or class of designated persons are in
possession of unpublished price-sensitive information.
SEBI gives in-principle approval for change in control of HDFC AMC

SEBI has granted its in-principle approval for the proposed change in control of HDFC Asset
Management Company Limited along with the change in one of the cosponsors (s) of HDFC Mutual
Fund from HDFC Ltd to HDFC BankHDFC AMC is the investment manager to the schemes of HDFC
Mutual Fund. Currently, HDFC and Aberdeen Investment Management Ltd (erstwhile Standard Life
Investments Ltd) are the sponsors of the fund house.
Learn Along
HDFC Mutual Fund
HDFC Bank
Headquarters: Mumbai
Headquarters: Mumbai
CEO- Navneet Munot
CEO:Sashidhar Jagdishan
SEBI tightens overseas norms for alternative investment and VC funds


The Securities and Exchange Board of India (SEBI) has tightened overseas investment norms for
alternative investment funds (AIFs) and venture capital funds (VCFs). All AIFs and VCFs will have to file
an application before the market regulator for allocation of overseas investment limit in a format
specified by SEBI.
Also, such funds will only be permitted to invest in an overseas company incorporated in a country whose
securities market regulator is a signatory to the International Organization of Securities
Commission’s Multilateral Memorandum of Understanding.Alternatively, the regulator can also be a
signatory to the bilateral Memorandum of Understanding with SEBI.
Learn Along:
SEBI
Headquarters: Mumbai
Chairman: Madhabi Puri Buch
A venture capital fund is a type of investment fund that invests in early-stage startup companies that offer a high return
potential but also come with a high degree of risk. The fund is managed by a venture capital firm, and the investors are
usually institutions or high-net-worth individuals.
SEBI moves to safeguard demat accounts through block mechanism

Securities and Exchange Board of India (SEBI), has announced fresh steps to safeguard investors’
demat accounts. The block mechanism announced will become mandatory for all early pay-in
transactions with effect from November 14, 2022. The early pay of securities is used by traders to
reduce their margin obligations.Presently, the block mechanism facility is optional. So shares sold by
an investor are either transferred to brokers’ pool and then sent to the clearing corporation or remain
blocked in an investor’s demat account and get delivered to the clearing corporation directly.
Learn Along:
A demat account is an account to hold financial securities in electronic form. In India, demat accounts are maintained
by two depository organisations, National Securities Depository Limited and Central Depository Services Limited.
SEBI joins the Account Aggregator system
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

Securities Exchange Board of India (SEBI) joined the Reserve Bank of India’s (RBI’s) Account
Aggregator framework. The move will allow customers to share information about their mutual fund
and stock holdings with financial service providers.
With this move, the entire trading system, depository system, as well as mutual fund system will
soon be online in the Account Aggregator system.
Learn Along:
SEBI
Headquarters: Mumbai
Chairman: Madhabi Puri Buch
Account Aggregator system - 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, you can use your financial data to access
a vast array of financial services for your personal or business needs.
SEBI introduces prudential limits on PMS investments in related firms



The Securities and Exchange Board of India (SEBI) has imposed prudential limits on investments by
portfolio managers in their own associates or related parties.
Under the amended framework, portfolio management schemes service providers will have to
obtain prior consent of their clients if they intend to invest in related companies.
Portfolio managers will be allowed to invest up to 30 percent of their client’s portfolio (as a
percentage of the client’s AUM) in their own associates/related parties across equity, debt and hybrid
securities.
Learn Along:
SEBI
Headquarters: Mumbai
Chairman: Madhabi Puri Buch
PMS or Portfolio Management Service is a professional service where qualified and experienced portfolio managers
backed by a research team manage equity portfolios on behalf of clients instead of clients managing themselves.
Assets under management are the overall market value of assets/capital that a mutual fund holds. The fund manager
manages these assets and makes all investment-related decisions on behalf of the investors. AUM is an indicator of the
size and success of a given fund house.
SEBI reconstructs preferential allotment rules for REITs, InvITs




SEBI overhauled the pricing norms for preferential allotment of units by Real Estate Investment Trusts
(REITs) and Infrastructure Investment Trusts (InvITs).
Under the new framework, the pricing formula for allotment of units under preferential issue would be
the Volume-Weighted Average Price (VWAP) of weekly highs and lows for 90 trading days or 10
trading days, whichever is higher.At present, the pricing formula in a preferential allotment is the VWAP
of the last two weeks or the last 26 weeks, whichever is higher.
Preferential issue of units would not be made to any person who has sold or transferred any units of
the issuer during the 90 trading days preceding the relevant date. At the present, the limit is six
months.
The restriction would not apply to a sponsor, in case any asset is being acquired by the REIT or InvIT
from that sponsor, and the preferential issue of units is being made to that sponsor, as full
consideration for the acquisition of such asset.
Learn Along:
SEBI
Headquarters: Mumbai
Chairman: Madhabi Puri Buch
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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
The Volume Weighted Average Price (VWAP) is the average price of a stock weighted by the total trading volume.
The VWAP is used to calculate the average price of a stock over a period of time.It helps compare the current price of
the stock to a benchmark, making it easier for investors to decide when to enter and exit the market. Also, the VWAP
can assist investors in determining their approach towards a stock (active or passive) and make the right trade at the
right time.
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.
Point of Presence players to get Rs 15 – Rs 10,000 commission in case of D-Remit towards NPS

The PoP players in the NPS scheme are set to get a commission of Rs 15-10,000 from next month
if subscribers route their voluntary contributions through the Direct Remit (D-Remit) facility under the all
citizen model. The move aims to compensate the Point of Presence (PoPs) players who were losing
fees.

According to the Pension Fund Regulatory and Development Authority (PFRDA) this move will support
the PoPs as they have put in significant efforts and deployed their resources for sourcing the NPS
accounts. For them to sustain their NPS outreach efforts, it has been decided that the trail commission
shall be payable to PoPs, with effect from September 1, 2022.
The trail commission to PoPs for D-Remit contributions of the associated subscribers will be 0.20
per cent of the contribution amount, with minimum Rs 15 and maximum Rs 10,000.

Learn Along:
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body under the jurisdiction of
Ministry of Finance, Government of India for overall supervision and regulation of pensions in India.
PFRDA
Headquarters: New Delhi
Chairman: Supratim Bandyopadhyay
National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable
the subscribers to make optimum decisions regarding their future through systematic savings during their working life.
NPS seeks to inculcate the habit of saving for retirement amongst the citizens. It is an attempt towards finding a
sustainable solution to the problem of providing adequate retirement income to every citizen of India.
Point of presence PoPs are banks, non-banking financial companies and other players which register and service
subscribers under the National Pension System (NPS). They are the first point of interaction between the subscriber and
NPS.
D-Remit is an electronic system through which money can be transferred from Subscriber’s Bank account to the Trustee
Bank directly.
IRDAI organises hackathon; invites innovative solutions for insurance sector

The Insurance Regulatory and Development Authority of India (IRDAI) has organised it’s first
hackathon— Bima Manthan 2022 — with the theme ‘Innovation in Insurance’.
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
IRDAI has invited entities to develop technology-driven innovative solutions for automated death claim
settlement, curtail miss-selling, and other areas of the insurance ecosystem, with an aim to protect the
interest of policyholders.Fraud mitigation/ prevention in motor insurance by using technology is another
area identified for Bima Manthan 2022.
Learn Along
IRDAI
Headquarters: Hyderabad
Chairperson: Debasish Panda
IRDAI eases firm registration process from 8 to 2 months


The registration process of new companies has been eased by substantially reducing the time
taken to process new applications from 6-8 months to two.
The regulator has created a facilitation cell consisting of two officers for handholding the applicants so
that the entity gets its approval to start its operations.
Insurers may not need prior IRDAI nod to raise capital via pref shares and subordinate debt


In a bid to promote ease of doing business, insurance regulator IRDAI has decided to do away with the
prior approval requirement for raising capital through preference shares and subordinate debts by
insurers.As per approved changes, the issue of Other Forms of Capital (OFC) should not exceed 50
percent of the paid-up share capital or net worth of the insurance company.
The prior approval requirement for exercising the call option under OFC subject to a solvency ratio not
less than 180 percent has also been done away with.Besides changing the existing norms the maximum
investment limit of insurers in banking, financial services and insurance (BFSI) companies has been
made to 30 percent of their assets from 25 per cent.
Learn Along
Preference Shares : Preference shares allow an investor to own a stake at the issuing company with a condition that
whenever the company decides to pay dividends, the holders of the preference shares will be the first to be paid.
Subordinated Debt is debt which ranks after other debts if a company falls into liquidation or bankruptcy. Such debt is
referred to as 'subordinate', because the debt providers have subordinate status in relationship to the normal debt.
IRDAI tightens anti-money laundering rules for insurance companies


The insurance regulator IRDAI has stiffened the anti-money laundering rules as part of consolidation
of the guidelines for the insurance sector.The key change is that exemptions and relaxations from the
guidelines for companies have been put to an end. So no life, general, or health insurer can claim
any relaxations to comply with the money-laundering rules.
Also, the Insurance Regulatory and Development Authority has made the level of risk assessment a
function of the size of the business of the companies..
IRDAI to revamp grievance redressal mechanism


Insurance regulator IRDAI will launch a revamped grievance redressal mechanism to make
complaint redressal more efficient with the option of customers filing their complaints in 13 regional
languages. The Integrated Grievance Redressal System (IGMS), launched in 2011, is being
upgraded to make it more convenient for customers. It is to be renamed as Bima Bharosa.
The new portal will not only be a gateway for registering and tracking grievances online but also act as
an industry-wide grievance repository for the IRDAI to monitor the disposal of grievances by insurance
companies.
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GST e-invoicing must for entities with Rs 10 cr turnover from Oct 1,2022


The government has widened the scope of e-invoicing for businesses by lowering the mandatory
turnover threshold to Rs 10 crore from Rs 20 crore under the Goods and Services Tax (GST) regime.
The new threshold starts from October 1,2022.
The government will further extend it to entities with a turnover of Rs 5 crore, seeking to plug revenue
leakage and ease compliance.
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.
Adani Group to acquire Macquarie road portfolio for Rs 3,110 crore


Adani Group will acquire Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh
and Gujarat for Rs 3,110 crore.
Adani Road Transport Ltd (ARTL), a wholly-owned subsidiary of Adani Enterprises Ltd (AEL), has
entered into a definitive agreement to acquire Gujarat Road and Infrastructure Company Ltd (GRICL)
(owned 56.8 percent by Macquarie Asia Infrastructure Fund) and Swarna Tollway Private Ltd (STPL)
(owned 100 percent by Macquarie Asia Infrastructure Fund).
Tiger Global sells 2.34% stake in Zomato, sells 185 million shares


The investment firm Tiger Global has reduced its stake in the company by almost half to 2.77 percent
in Zomato by selling over 18.45 crore (185 million) shares in the open market.
Tiger Global's Internet Fund VI Pte Ltd had a hold of 5.11 percent in the online food delivery platform
before the sale.
Learn Along
Tiger Global
Zomato
Headquarters: New York
Headquarters:Gurugram
Founder & Chairman: Chase Coleman
Founders- Deepinder Goyal, Pankaj Chaddah
1.19 crore MSMEs & other businesses benefitted till June 2022 under ECLGS


Post-Covid flagship credit scheme for MSMEs Emergency Credit Line Guarantee Scheme (ECLGS) has
benefitted around 1.19 crore businesses as of June 30, 2022. Launched in May 2020, the scheme has
sanctioned collateral-free loans amounting to Rs 3.48 lakh crore till June , 2022.
Out of the total ECLGS beneficiary count, 1.13 crore were MSMEs (95 percent) while the amount
sanctioned to MSMEs stood at Rs 2.32 lakh crore (66 percent) out of the total sanctioned.The
Reserve Bank of India (RBI) in its latest Financial Stability Report (June 2022) showed that Rs 2.54
lakh crore loans were disbursed till April 30, 2022.
Learn Along
ECLGS was rolled out in May 2020 as part of the Centre’s Aatmanirbhar package in response to the Covid-19 crisis.
The objective was to support small businesses struggling to meet their operational liabilities due to the imposition
of a nationwide lockdown.
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National Pension System rule changed- No credit card payment for NPS Tier II account allowed from
now

The Pension Fund Regulatory and Development Authority (PFRDA) has decided to stop accepting
payment of subscriptions/contributions by using credit cards as a mode of payment in the
National Pension System (NPS) Tier-II account with immediate effect under Section 14 of Pension
Fund Regulatory and Development Authority Act 2013 to protect the interests of subscribers and to
regulate, promote and ensure orderly growth of the national Pension System and pension schemes to
which the Act applies.
Learn Along
PFRDA
NPS
Headquarters: New Delhi
Headquarters: New Delhi
Chairman: Supratim Bnadhopadhyay
CEO: Sashi Krishnan
EPFO adds 18.36 Lakh Net Members In The Month of June, 2022


Employees’ Provident Fund Organisation (EPFO) has added 18.36 lakh net members in the month
of June, 2022. For the month of June, 2022 the net member addition has increased by 9.21% as
compared to the previous month of May, 2022 and an increase of 5.53 lakh in terms of net member
addition in comparison to the May 2021 with respect to year-on-year comparison.
State-wise comparison of payroll figures highlights that the establishments covered in the states of
Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat and Delhi continue to remain in lead by
adding approximately 12.61 lakh net members during the month, which is 68.66% of 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
EPFO agrees to invest in public sector InvITs



Employees’ Provident Fund Organisation (EPFO) has approved the government’s proposal to allow
the retirement fund body to invest up to 5% of its annual deposits in alternative investments funds
including the infrastructure investment trusts (InvITs).
This will be on a case to case basis and on approval from the Finance Investment and Audit
Committee and the investments will initially be restricted to public sector funds only.
Thus from now, the government allowed up to 5% investment in asset-backed, trust-structured and
miscellaneous investments including the alternate investment funds (AIFs), real estate investment
trusts (REITs) and units of infrastructure investment trusts (InvIT), paving way for EPFO to expand
its investment basket to maximise returns.
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.
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Value of EPFO's Rs 1.59-trn investment in ETFs rises to Rs 2.26 trn: Govt

Retirement fund body EPFO has invested Rs 1.59 trn in Exchange Traded Funds (ETFs) till March

2022 and it rose to Rs 2.26 trn as on 31st March 2022.
the proportion of investment was increased from 5 percent to 10 per cent in 2016-17 and 15 per
cent in 2017-18 and onwards.
Learn Along:
An exchange traded fund (ETF) is a type of security that involves a collection of securities—such as stocks—that
often tracks an underlying index. ETFs are listed on exchanges and ETF shares trade throughout the day just like
ordinary stock.The first ETF was launched in India in December 2001 and was linked to Nifty 50
1,00,255 claims under PMSBY & 5.93 Lakh claims have been paid under PMJJBY- Ministry of Finance


Under the benefits offered,1,00,255 claims paid amounting to Rs. 1,990.57 crore under PMSBY, and
5,93,316 claims paid amounting to Rs. 11,866.32 crore under PMJJBY have been provided
respectively.
PMJJBY and PMSBY are universal social security schemes that are open to all in the specified age
groups and are not specific to people living below the poverty line or any other such specific group.
Learn Along:
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a government scheme launched in 2015. It aims to provide life
insurance security to the poor and low-income section of the society. This scheme can be availed by people aged
between 18 years to 50 years.
Pradhan Mantri Suraksha Bima Yojana is a government scheme launched in 2015. It intends to provide an
affordable insurance scheme for the poor and underprivileged people in the age group of 18 to 70 years with a bank
account at a premium of Rs.20 per annum; risk coverage of Rs.2 lakh for accidental death and full disability and Rs.1
lakh for partial disability.
Centre releases two instalments of Rs 1.16-trn tax devolution to states



The Centre released two instalments of tax devolution totalling Rs 1.16 lakh crore to states with an aim
to strengthen the hands of states to accelerate their capital and developmental expenditure.
The Centre has released the amount higher than the normal average of 58332 crore.
Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during
a fiscal year.
Learn Along:
Tax Devolution - It is based on a formulaic transfer of resources to states, determined by the Finance Commission. The
tax devolution formula is based on the principles of need, equity, and efficiency. In other words, the formula is
progressive – states in need of higher assistance receive a larger share of funds devolved.
Income tax payers barred from enrolling in Atal Pension Yojana from October 1,2022

Income tax payers will not be allowed to enrol in the government’s social security scheme Atal Pension
Yojana (APY) from October 1,2022.
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
The new guidelines, will not apply to subscribers who have joined or joins the scheme before October 1,
2022.In case a subscriber, who joined on or after October 1, 2022, is subsequently found to have been
an income tax payer on or before the date of application, the APY account shall be closed and the
accumulated pension wealth till date would be given to the subscriber.
Learn Along:
The Atal Pension Yojana (APY) was launched on 9th May,2015 to create a universal social security system for all
Indians, especially the poor, the underprivileged and the workers in the unorganised sector. APY is administered by
Pension Fund Regulatory and Development Authority (PFRDA). APY is open to all bank account holders in the age
group of 18 to 40 years and the contributions differ based on pension amount chosen. Subscribers would receive the
guaranteed minimum monthly pension of Rs. 1000 or Rs. 2000 or Rs. 3000 or Rs. 4000 or Rs. 5000 at the age of 60
years.
NABARD’S RIDF to fund UAS for setting up R&D millet incubation centre in Raichur




NABARD’s Rural Infrastructure Development Fund to provide 25 crores to the University of
Agricultural Science (UAS), Raichur, Karnataka, for the establishment ofan incubation centre for
processing and value addition for the promotion of millets.
This fund will be used for creating facilities focused on research, setting up of laboratories and support to
farmers by the UAS.
Millet conclave 2022 is being organized as a curtain raiser prior to the International Year of Millets
2023. The millets farmer producers associations (FPOs), processors, and startups are participating in the
two-day conclave 2022 being organized jointly by Atal Innovation Mission, UAS, and NABARD.
Under this conclave, awards of Rs.20 lakh each will be given to 15 Agri Startups and Rs.10 lakh
each to 15 other Agri Startups.
The aim is to increase employment opportunities, especially women who can be engaged in work from
millet production to processing.
Learn Along:
NABARD
Headquarters: Mumbai
Chairman: G.R. Chintala
Rural Infrastructure Development Fund- In 1995-96, the Government of India set up RIDF for financing ongoing rural
infrastructure projects. The funds released under RIDF are maintained by the National Bank for Agriculture and Rural
Development (NABARD) The main objective of the fund is to provide loans to State Governments and State-owned
corporations to enable them to complete ongoing rural infrastructure projects. These funds are provided on a year-toyear basis by the Government of India.
The Atal Innovation Mission (AIM) is a flagship initiative set up by the NITI Aayog to promote innovation and
entrepreneurship across the country.AIM will provide grant-in-aid of Rs. 20 Lakh to each school that includes a one-time
establishment cost of Rs. 10 lakh and operational expenses of Rs. 10 lakh for a maximum period of 5 years to each Atal
Tinkering Labs (ATL)
NABARD sanctions financial assistance of Rs 230 crore for Mizoram
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
Under the Rural Infrastructure Development Fund, the National Bank for Agriculture and Rural
Development (NABARD) has approved a Rs 230 crore loan to Mizoram for vital rural infrastructure
development.
Learn Along:
NABARD
Headquarters: Mumbai
Chairman: G.R.Chintala
Rural Infrastructure Development Fund- In 1995-96, the Government of India set up RIDF for financing ongoing rural
infrastructure projects. The funds released under RIDF are maintained by the National Bank for Agriculture and Rural
Development (NABARD) The main objective of the fund is to provide loans to State Governments and State-owned
corporations to enable them to complete ongoing rural infrastructure projects. These funds are provided on a year-toyear basis by the Government of India.
Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases

The Central government has fixed a target to procure 51.8 million tonnes of rice during the forthcoming
2022-23 procurement season that starts in October 2022, slightly more than the 50.98 million tonnes
procured during the current season (2021-22).
In addition to higher procurement of rice, the Centre also plans to lift 1.30 million tonnes of coarse cereals
from farmers next year, which is 117.4 percent higher than the quantity purchased so far in the current
year
Fertiliser to be sold under single brand name: Govt



Under the ‘one nation, one fertiliser’ policy, a single brand name for urea and other fertilisers will be used.
The single brand name for fertilisers such as urea, di-amonimum phosphate (DAP), muriate of
potassium (MOP) and nitrogen, phosphorus and potassium (NPK) sold by companies, state trading
entities and marketing companies will be henceforth named as Bharat urea, Bharat DAP, Bharat MOP
and Bharat NPK.
A common logo indicating fertilizer subsidy schemes named Pradhanmantri Bhartiya Janurvarak
Pariyojna will be used in all fertilizer bags.
Learn Along
Pradhan Mantri Jan-Aushadhi Yojana is a campaign launched by the Department of Pharmaceuticals of the
Ministry of Chemicals and Fertilizers. It seeks to provide quality medicines at affordable prices to the masses
through special kendra’s known as Pradhan Mantri Bhartiya Jan Aushadhi Kendra.
Initially launched in 2008, the scheme was rechristened in 2015. The Pharmaceuticals & Medical Devices
Bureau of India (PMBI) is implementing the scheme.
Govt to give financial assistance for solar agri pumps up to 15 HP under PM-KUSUM



The finance ministry has agreed to set up solar pumps up to 15 horsepower capacity in the northeastern and Himalayan states.
In 2019, the government launched the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan
(PM-KUSUM) Scheme with 3 components.
Under the B component, individual farmers will be supported to install standalone solar agriculture pumps
of capacity up to 7.5 Horse Power (HP) for replacement of existing diesel agriculture pumps/irrigation
systems in off-grid areas, where grid supply is not available.
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Learn Along
Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) Scheme was launched for farmers
for installation of solar pumps and grid connected solar and other renewable power plants in the country. It aims to
add solar and other renewable capacity of 25,750 MW by 2022 with total central financial support of Rs. 34,422 Crore
including service charges to the implementing agencies.
PM-KUSUM
Ministry: Ministry of New and Renewable Energy
Launch Year: 2019
Centre hikes sugarcane FRP by Rs 15 per quintal for 2022-23 season

The Cabinet hiked the fair and remunerative price (FRP) of sugarcane for the 2022-23 season, which
starts from October,2022 , by Rs 15 per quintal to Rs 305.

The FRP of Rs 305 per quintal is linked to a basic recovery rate of 10.25 percent. The recovery rate is
the amount of sugar that sugarcane fetches and higher the quantum of sugar derived from sugarcane,
greater the price it fetches in the market.
Learn Along
Fair and Remunerative Price or FRP is the price required to be paid by sugar mills and factories to sugarcane farmers.
It was introduced in 2009 and replaced the concept of Statutory Minimum Price (SMP). Under the FRP system, the price
paid to farmers for sugarcane is not linked to the profits generated by sugar mills. Instead, FRP is based on the recovery
rate of sugar from sugarcane.
India to manufacture Diammonium Phosphate (DAP) in India

Coromandel International Ltd, India’s leading phosphatic fertiliser player acquired 45% equity share
in Baobab Mining and Chemicals Corporation (BMCC), a rock phosphate mining company based in
Senegal.

The mining will be done in Senegal and production of DAP will be done in India. 10 LMT of
Diammonium Phosphate (DAP) and Nitrogen-Phosphorus-Potassium (NPK) will be manufactured.
Centre launches web-based registration facility for ration cards




The Centre launched a common registration facility in 11 states and UTs to enable homeless people,
destitutes, migrants, and other eligible beneficiaries to apply for ration cards.
This facility will help states/UTs in identifying and including the eligible beneficiaries under the coverage
of the NFSA as per the established inclusion and exclusion criteria.
The 11 states and UTs are Assam, Goa, Lakshadweep, Maharashtra, Meghalaya, Manipur,
Mizoram, Nagaland, Tripura, Punjab, and Uttarakhand.
The National Food Security Act (NFSA) provides a maximum coverage for about 81.35 crore persons.
At present, around 79.77 crore persons are given highly subsidized foodgrains under the Act.
Learn Along
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 relaxes sugar export quota for 2021-22
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

The government relaxed the quantitative restriction of 10 million tonnes on sugar exports and allowed
shipments of an additional 1.2 million tonnes in the current marketing year ending September,2022.
Sugar mills can now export up to 11.2 million tonnes from the earlier cap of 10 million tonnes as
compared to the restrictions imposed in May 2022.India has now become the largest producer of
sugar in the world in the year 2022-23, more than Brazil, while it would be the second largest exporter
of sugar with a 335 LMT production of sugar in 2021-22.
Rs. 375.25 crore approved under Startup India Seed Fund Scheme (SISFS) as on 30th July 2022


As on 30th July 2022, of the corpus of Rs. 945 crore, Rs. 375.25 crore have been approved to 102
incubators under the Startup India Seed Fund Scheme (SISFS).
Also, 378 DPIIT recognised startups have been approved a total sum of Rs. 81.45 crore by the
approved incubators under the Scheme. Total sum of Rs. 5 crore approved to 2 incubators, one each
from Sikkim and Assam.9 DPIIT recognised startups from North Eastern States have been
approved a total sum of Rs. 1.15 crore by the approved incubators under the Scheme.
Learn Along
Startup India Seed Fund Scheme (SISFS) launched in 2016 aims to provide financial assistance to startups for proof
of concept, prototype development, product trials, market entry and commercialization.This would enable these startups
to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek
loans from commercial banks or financial institutions.
824 Lakh Metric Ton (LMT) foodgrains distributed under PMGKAY


According to the data provided by the Ministry of Consumer Affairs, Food and Public Distribution
as on 31st July 2022, total 824 Lakh Metric Ton (LMT) of free foodgrains has been distributed
under PMGKAY,
A total subsidy outlay of around Rs. 2.79 Lakh Crore has also been provided till the said date.
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
Ministry of Consumer Affairs, Food and Public Distribution
Union Minister: Piyush Goyal
Partnership between ICRISAT and ICAR for Water Management


ICAR and ICRISAT have partnered for the genetic improvement of grain legumes (Gram, Arhar and
Groundnut) and dryland cereals (Jowar, Bajra and Ragi) for enhancing their productivity potential,
adaptation and quality traits.
The ICRISAT works with several ICAR institutes for possible collaboration to improve the productivity of
dryland through application of science-based rainwater harvesting and management technologies.
Learn Along
The ICAR is an autonomous organisation under the Department of Agricultural Research and Education (DARE),
Ministry of Agriculture and Farmers Welfare
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ICAR
Headquarters: New Delhi
Director General: Trilochan Mohapatra
The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) is an international organization
which conducts agricultural research for rural development. It was founded in 1972 by a consortium of organisations
convened by the Ford and the Rockefeller foundations.
ICRISAT
Headquarters: Hyderabad
Director: Jacqueline D’arros Hughes
India’s agricultural and processed food products exports up by 31 percent in first three months of
2022-23

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India’s agricultural and processed food products exports up by 31 percent to USD 7408 Million in
first three months of current fiscal (2022-23) compared to the same period last year. The export target
for April-June 2022-23 was fixed at USD 5890 million.
For the year 2022-23, an export target of USD 23.56 billion has been fixed by APEDA for the
agricultural and processed food products basket.
Fresh fruits & vegetables registered four percent growth, while processed fruits and vegetables
recorded a significant growth of 59.71 percent (April-June 2022) in compare to corresponding months
of the previous year.
Basmati Rice exports witnessed a growth of 25.54 percent in the first three months of FY 2022-23
as its export increased from USD 922 million (April-June 2021) to USD 1157 million (April-June 2022).
The export of meat, dairy & poultry products increased by 9.5 percent and the export of other cereals
recorded a growth of 29 percent in Q1 of the current fiscal.
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.
APEDA initiates pilots to boost export of agricultural products under ODOP

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To boost unique agricultural products under the one district one product (ODOP) programme, the
Agricultural and Processed Food Products Export Development Authority (APEDA) has initiated
pilots in seven districts across five states for providing necessary infrastructure and financial
assistance through convergence mode
The districts include Lucknow (mango) in Uttar Pradesh; Nagpur (mandarin orange), Nasik (onion),
Sangli (grapes) in Maharashtra, Krishna (mango) in Andhra Pradesh ,Kumuram Bheem (millets) in
Telangana and Dharmapuri (millets) in Tamil Nadu.
APEDA has also formed export promotion forums for boosting exports of grapes, onions, mango,
banana, pomegranate, floriculture, rice, dairy products, and nutri-cereals.
For the current fiscal, an export target of $ 23.56 billion has been fixed by APEDA for the agricultural
and processed food products basket.
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
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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.The one district one
product launch date is January 24, 2018, by the Uttar Pradesh Government, and due to its success, was later adopted
by the Central Government.
India resumes mango exports to the US after two years



India resumed mango exports to the US after a pandemic-induced two-year gap. More than 1,000
tonnes of Alphonso, Kesar, and other varieties of mangoes have been shipped till now.
India also exported mangoes to Japan for the first time while shipment to South Korea resumed
after two years too.
Besides exporting mangoes to the US, APEDA also organized a series of mango promotion programme
in Dubai, Bahrain, Denmark, San Francisco, Turkey, Afghanistan, and Germany. India has also
commenced exports of mangoes to Japan through a shipment of around 50 tonnes.
ICAR develops indigenous vaccine for Lumpy Skin Disease in cattle


Two institutes of agri research body ICAR have developed an indigenous vaccine for Lumpy Skin Disease
in cattle been spread across many states recently.
ICAR-National Research Centre on Equines (ICAR-NRCE), Hisar (Haryana), in collaboration with
ICAR-Indian Veterinary Research Institute (IVRI), Izatnagar, Uttar Pradesh has developed a
homologous live-attenuated LSD vaccine Lumpi-ProVacInd.
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
Ministry of Tribal Affairs implements Pradhan Mantri Adi Adarsh Gram Yojna



Pradhan Mantri Adi Adarsh Gram Yojna (PMAAGY)implemented for a duration of 2021-22 to 202526, aims at mitigating gaps and providing basic infrastructure in villages with significant tribal population
in convergence with funds available under different schemes in Central Scheduled Tribe Component.
It is envisaged to cover 36,428 villages having at least 50% ST population and 500 STs across States
/ UTs with notified STs during the period.
An amount of Rs. 7,276 cr has been approved by the Cabinet for the scheme in next 5 years.
Learn Along:
Ministry of Tribal Affairs
Union Minsiter : Arjun Munda
Minister of Fisheries and Animal Husbandry launches Culinary Coffee Table Book


Union Minister of Fisheries and Animal Husbandry Shri Parshottam Rupala launched a unique
coffee table book titled Fish & Seafood -a collection of 75 gourmet recipes.
This initiative has been taken in an effort to boost the domestic consumption of fish and seafood,
along with popularizing the local fish species.The recipe book is a highlight of the diversity of fish
available within the domestic water bodies and the fish culinary heritage of the country that signifies the
diverse cooking and eating styles across the country.
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Total Coal Production Goes up by 11.37 % to 60.42 Million Ton in July,2022


The overall coal production has increased by 11.37% to 60.42 million ton (MT) from 54.25 MT during
July, 2022 as compared to July 2021.Of the top 37 coal mines, production of 24 mines was more than
100 per cent during July this year. Another seven mines’ production stood between 80 and 100 per cent.
The overall power generation in July 2022 has been 4.29% higher than in July 2021
Govt plans to reduce import dependence on palm oil by 25-30%



The government is aiming at reducing import dependence on palm oil by 25 to 30% through the
production of 2.8 million tonne (MT) of oil by 2030 under the National Edible Oil Mission.
The government plans to bring in more area under palm plantation in the next three years,
especially in Andhra Pradesh, Telangana, Assam, Tripura, and Mizoram so as to reduce the palm
oil import dependence by 2030.
Andhra Pradesh, Telangana and Kerala are the major oil palm growing states, which account for
98% of the total production.
Learn Along:
The National Mission on Edible Oils - Oil Palm (NMEO-OP)- It has been launched in August 2021 with the aim to
augment the availability of edible oil in the country by harnessing area expansion, increasing crude palm oil production
with the aim to reduce the import burden.
Basmati rice exports up by 26 percent in April-June to $1.15 billion

Exports of basmati rice increased by 25.54 percent in April-June this fiscal year to USD 1.15 billion
(around Rs 9,160 crore).
 Saudi Arabia, Iran, Iraq, Yemen, the UAE, US, UK, Kuwait, Qatar and Oman had a share close to
80 per cent in total shipments of basmati rice from India in 2021-22.
Ministry of FAHD celebrates Har Ghar Tiranga Program at Ettaiyapuram in Tamil Nadu


Ministry of Fisheries, Animal Husbandry and Dairying, Government of India in collaboration with
Tamil Nadu State Government celebrated the Har Ghar Tiranga Program at Ettaiyapuram,
Thoothukodi, Tamil Nadu on 12th August, 2022.
Under Azadi Ka Amrit Mahotsav year, the Government of India celebrated the event at 400 iconic sites
across the country.
Learn Along:
Ministry of Fisheries, Animal Husbandry & Dairying
Union Minister: Parshottam Rupala
Cabinet provides approval on providing Interest Subvention on Short term Agri Loans

Union Cabinet has approved to restore Interest Subvention on short term agriculture loans to 1.5%
for all financial institutions.The Union Cabinet provided Rs 34,856 crore towards the interest
subvention scheme to help banks provide short-term agriculture loans of up to Rs 300,000 at a rate
of 7 per cent.The additional budgetary provisions of Rs 34,856 crore for the period of 2022-23 to 202425 under this scheme.
4th Advance Estimate of major agricultural crops for 2021-22
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

The 4th advance estimates of production of major agricultural crops for the year 2021-22 have been
released by the Ministry of Agriculture and Farmers Welfare. The production of Foodgrains in the
country is estimated at 315.72 million tonnes which is higher by 4.98 million tonnes than the production
of foodgrain during 2020-21.
The production during 2021-22 is higher by 25 million tonnes than the previous five years’ (2016-17
to 2020-21) average production of foodgrains. Record production is estimated of rice, maize, gram,
pulses, rapeseed and mustard, oilseeds and sugarcane.

As per the 4th Advance Estimates, the estimated production of major crops during 2021-22 is as follows:
Foodgrains 315.72 million tonnes, Rice 130.29 million tonnes ,Wheat 106.84 million tonnes, Nutri
/ Coarse Cereals 50.90 million tonnes, Maize 33.62 million tonnes ,Pulses 27.69 million tonnes Tur
4.34 million tonnes, Gram 13.75 million tonnes, Oilseeds 37.70 million tonnes, Groundnut 10.11
million tonnes, Soyabean 12.99 million tonnes, Rapeseed and Mustard 11.75 million
tonnes,Sugarcane 431.81 million tonnes,Cotton 31.20 million bales, Jute & Mesta 10.32 million
bales.
Learn Along:
Ministry of Agriculture & Farmers’ Welfare
Union Minister: Narendra Singh Tomar
Advanced, Intensive, All Male Tilapia Aquaculture Project with Israeli Technology to be launched by
TDB-DST


Technology Development Board, a statutory body under the Department of Science and
Technology, Govt. of India supports M/s Fountainhead Agro Farms Private Limited, Navi Mumbai,
Maharashtra for ‘Advanced, Intensive, All Male Tilapia Aquaculture Project with Israeli Technology
for enhancing the potential of the fisheries sector.A loan assistance of Rs. 8.42 crores out of the total
project cost of Rs. 29.78 crores to the company has also been agreed to be provided by the Board.
The company has adopted advanced Israeli Technology from Aquaculture Production Technology
Limited (APTIL), Israel for land locked locations through closed loop farming for arid zone with
seasonal water supply from rivers, which may be replicated throughout India in multiple arid landlocked
locations with reasonable water sources.
Learn Along:
Department of Science & Technology
Union Minister: Jitnedra Singh
Online Marketplace feature "Aqua Bazar" in “Matsya Setu” app launched



Ministry of Fisheries, Animal Husbandry and Dairying, launched the Online Market Place feature
"Aqua Bazar" in the “MatsyaSetu” mobile app during the 9th general body meeting of the National
Fisheries Development Board.
The app was developed by the ICAR-Central Institute of Freshwater Aquaculture (ICAR-CIFA),
Bhubaneswar, with the funding support of the National Fisheries Development Board (NFDB),
Hyderabad through the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
The online marketplace will help the fish farmers and stakeholders to source the inputs such as fish
seeds, feed, medicines, etc., and services required for fish culture as well as farmers can also list their
table-size fish for sale. The marketplace aims to connect all stakeholders in the aquaculture sector.
Learn Along:
Ministry of Fisheries, Animal Husbandry & Dairying
Union Minister: Parshottam Rupala
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ICAR – CIFA
Headquarters: Bhubaneshwar
Director : D.K.Swain
Committee on MSP sets up four sub-groups to discuss key issues





The committee formed on MSP which is chaired by former agriculture secretary Sanjay Agrawal has
now set up 4 sub-groups to discuss three mandated topics. Earlier the committee discussed ways to
promote zero budget-based farming to change crop patterns keeping in mind the changing needs of
the country and to make MSP more effective and transparent.
The first group will study Himalayan states as well as the cropping pattern and crop diversification
and how to ensure MSP support in those states.
The second group on micro irrigation — to be headed by Sukhpal Singh will study how to make microirrigation farmer-centric. Currently, micro irrigation is driven by government subsidies and the group will
examine how to generate farmers’ demand for this.
The third group — led by a representative of the National Institute of Agricultural Extension
Management (MANAGE) — will study zero budget based farming, including organic and natural farming
methods, and generate a consensus of farmers.
The fourth group — to be led by the Indian Council of Agricultural Research (ICAR) — along with
Hyderabad-based Central Research Institute for Dryland Agriculture (CRIDA) and Nagpur-based
National Bureau of Soil Survey and Land Use Planning (NBSSLUP) and one more institute will study
the crop diversification and cropping pattern across the country and submit a background report.
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.
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
Zero Budget Natural Farming (ZNBF) means raising crops without using any fertilizers and pesticides or any other
external materials. The word Zero Budget refers to the zero cost of production of all crops.
Centre implements 'One Nation One Fertiliser' plan under 'Bharat' brand

To bring about uniformity in fertiliser brands across the country, the government issued an order
directing all companies to sell their products under a single brand name of ‘Bharat’.

All fertiliser bags, whether containing urea or di-ammonium phosphate (DAP) or muriate of ootash (MOP)
or NPK will sport the brand name as ‘Bharat Urea’, ‘Bharat DAP’, ‘Bharat MOP’ and ‘Bharat NPK’
irrespective of the company that manufacturers it, whether in the public or the private sector.
The order also stated that the single brand name and the logo of Pradhan Mantri Bhartiya
Janurvarak Pariyojana (PMBJP), the scheme under which the Central government grants subsidy
annually to the fertiliser, companies will have to be displayed on the bags.

Four new facilities at Central Arid Zone Research Institute (CAZRI), Jodhpur inaugurated
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

Ministry of Agriculture & Farmers’ Welfare inaugurated four new facilities at the Central Arid Zone
Research Institute (CAZRI), which has been rendering services for more than 60 years under the Indian
Council of Agricultural Research (ICAR).
The Ministry also inaugurated the newly constructed auditorium, Agri-business Nurturing Centre,
environment-friendly wastewater treatment plant, and Indoor Sports Hall at CAZRI.
Learn Along:
Ministry of Agriculture & Farmers’ Welfare
Union Minister: Narendra Singh Tomar
Central Arid Zone Research Institute (CAZRI)- The Central Arid Zone Research Institute (CAZRI) is one of the biggest
research institutes of the Indian Council of Agricultural Research (ICAR), an autonomous organization working under
the aegis of the Department of Agriculture Research and Education (DARE) of the Ministry of Agriculture and Farmers
Welfare of Government of India. CAZRI has the distinction of being one of the first institutes in the world exclusively
devoted to arid zone research and development. The institute conducts multi-disciplinary research to seek solutions to
the problems of farming in arid regions of the country.
CAZRI
Headquarters: Jodhpur
Director: O.P Yadav
Godhan Nyay Yojana: Chhattisgarh aims at subsidy for vermicompost production


The Chhattisgarh government is eyeing subsidies on the vermicompost produced in the state under
the Godhan Nyay Yojana.
The move was necessary as the state government predicted a surge in demand besides helping
villagers to get more return from producing vermicompost using cow dung. Chhattisgarh has started
procuring cow dung under its Godhan Nyay Yojana launched in 2020.It has been the first time in the
country and the world that the state government is purchasing cow dung by paying sellers Rs 2 per
kilogram.

As of now, the Chhattisgarh government has purchased 7.35 million quintals of cow dung, paying Rs
147.06 crore to the committees and strengthening the rural economy.

The government has trained local woman self-help groups (SHGs) and engaged them in manufacturing
vermicompost out of the collected cow dung. The SHGs package it to sell it at Rs 10 per kg.
Learn Along:
‘Godhan Nyay Yojana’ is the scheme recently launched on 21st July 2020, on the occasion of Hareli, the first festival
of the state, by the Chhattisgarh government. This scheme aims at boosting the rural economy by procuring cow dung
at Rs 2 per kilogram from farmers and cattle rearers initially in the rural area later in the urban area too.
NATIONAL
The Central allocation of ₹66,750 crore for AMRUT 2.0 projects have been distributed
 The Central allocation of ₹66,750 crore for AMRUT 2.0 projects have been distributed among the
States/UTs.
 Accordingly, the State of Karnataka, Gujarat, Madhya Pradesh, Uttar Pradesh and West Bengal
have been allocated ₹4,615 crore, ₹4,500 crore, ₹4,045 crore, ₹8,145 crore and ₹3,650 crore
respectively for the project component.
Learn Along:
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 Atal Mission for Rejuvenation and Urban Transformation 2.0 (AMRUT 2.0) scheme, has been launched on 01
October, 2021 for the period of 05 years i.e. from the financial year 2021-22 to 2025-26.
Air India brings new policy; allows pilots to fly for 5 yrs after retirement
 Air India has introduced a new policy which will give an extension of service to its selected pilots
on a contract basis for a period of 5 years after retirement.
 The contract can be extended till the age of 65 years.
Learn Along:
About Air India
Founded: 1932
Headquarters: New Delhi
Founder: J. R. D. Tata
India some more wetlands designated as Ramsar sites to make total 64 sites
 India adds 10 more wetlands designated as Ramsar sites to make total 75 sites in the country.
New Ramsar Sites
Location
Koonthankulam Bird Sanctuary
Tamil Nadu
Gulf of Mannar Marine Biosphere Reserve
Tamil Nadu.
Vembannur Wetland Complex
Tamil Nadu
Vellode Bird Sanctuary
Tamil Nadu
Vedanthangal Bird Sanctuary
Tamil Nadu
Udhayamarthandapuram Bird
Sanctuary
Tamil Nadu
Satkosia Gorge
Odisha
Nanda Lake
Goa
Ranganathituu BS
Karnataka
Sirpur wetland
Madhya Pradesh
Chitrangudi Bird Sanctuary
Suchindram Theroor Wetland Complex
Vaduvur Bird Sanctuary
Tamil Nadu
Kanjirankulam Bird Sanctuary
Tampara Lake
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Hirakud Reservoir
Odisha
Ansupa Lake
Hygam Wetland Conservation
Reserve
Shallbugh Wetland Conservation
Reserve
Jammu and Kashmir
Yashwant Sagar
Madhya Pradesh
Thane Creek
Maharashtra
Learn Along:
About Ramsar Convention
 The Ramsar convention is an intergovernmental environmental treaty that was established by UNESCO on
February 2, 1971 which came into force in 1975
 The convention got its name from Ramsar city in Iran on the Caspian Sea, where the treaty was signed.
 It provides for international cooperation and national action regarding conservation of wetlands and
sustainable use of their resources.
 The Ramsar convention identifies wetlands of international importance across the globe, especially those that
are home to diverse biodiversity.
 India signed it on 1st Feb 1982.
World's Largest Floating Solar Power Plant to be built on Narmada River
 The world's largest floating solar power plant will be built on Omkareshwar Dam on the Narmada
River in Khandwa, Madhya Pradesh at an estimated cost of over Rs 3000 crores.
 The floating power plant is expected to generate about 600 Megawatt of power by 2022-23.
Learn Along:
About Madhya Pradesh
Capital: Bhopal
Chief minister: Shivraj Singh Chouhan
Jagdeep Dhankhar is new Vice-President
 Jagdeep Dhankhar, who had earlier served as the Governor of West Bengal, has been elected as the
14th Vice President of India.
 He will take oath as India’s Vice President on 11th August 2022.
 Prior to being the Vice President, Jagdeep Dhankhar had severed as the Governor of West Bengal.
Learn Along:
About Jagdeep Dhankar
 Jagdeep Dhankhar was born on 18th May 1951 in Kithana village in Rajasthan’s Jhunjhunu district.
 He practiced law for over 40 years as a lawyer in Rajasthan High Court and then in Supreme Court.
 He has also been a ex-member of ICC - International Court of Arbitration.
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‘India ki Udaan’ to celebrate the unwavering, undying, spirit of India and its achievements
 Ministry of Culture and Google started an initiative, “India ki Udaan” to celebrate the unwavering,
undying, spirit of India and its achievements in past 75 years.
Learn Along:
About Ministry of Culture
Ministers responsible: G. Kishan Reddy, Cabinet Minister; Meenakshi Lekhi, Minister of State
About Google
Founded: 4 September 1998
Brin
Headquarters: California, United States
Founders: Larry Page, Sergey
India: Target to eliminate Kala-azar by 2023
 Union Government of India has set the target to eliminate Kala-azar from country by 2023.
 India’s target is way ahead than World Health Organisation (WHO)’s target of eliminating the disease
by 2030.
Learn Along:
About Kala Azar
 Kala Azar is also called as Leishmaniasis. It is a neglected tropical disease, by which over 100 countries are
affected, including India.
About WHO (Worlf Health Organization)
Founded: 7 April 1948
Headquarters: Geneva, Switzerland Director-general:Tedros Adhanom Ghebreyesus
Govt. extends PMAY-Urban scheme
 The Union Cabinet approved an extension to the Pradhan Mantri Awas Yojana-Urban up to
December 31, 2024 so that the houses sanctioned under the scheme can be completed.
 While the initial demand for houses was 112 crore, the Ministry of Housing and Urban Affairs has so
far sanctioned 122.69 crore houses, of which 102.59 crore have been grounded and 61.77 crore have
been delivered.
Learn Along:
PMAY-Urban Scheme(Pradhan Mantri Awas Yojana-Urban)- It is a welfare scheme launched by Ministry of
Housing & Urban Affairs (MoHUA) on 25 June,2015. The main objective of this scheme is to provide central assistance
to implementing agencies through States and UTs for providing houses to all eligible families / beneficiaries.
Grameen Udyami Project launched in Ranchi
 National Skill Development Corporation (NSDC) in partnership with Seva Bharti and Yuva Vikas
Society, launched the second phase of Grameen Udyami Project to augment skill training in
tribal communities for their inclusive and sustainable growth.
 Under the initiative, the endeavour is to multiskill India’s youth and impart functional skills to
them for enabling livelihoods.
Learn Along:
About Jharkhand
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Capital: Ranchi
Chief minister: Hemant Soren
Gavernor: Shri Ramesh Bais
EAM Jaishankar unveils bust of Mahatma Gandhi in Paraguay
 External Affairs Minister S Jaishankar has unveiled a bust of Mahatma Gandhi in Paraguay and
visited the historic Casa de la Independencia from where the South American country’s
Independence movement started more than two centuries ago.
Learn Along:
About Paraguay
Capital: Asunción
Currency: Paraguayan guaraní
President: Mario Abdo Benítez
India Nominates Garba To Be Inscribed On UNESCO's Intangible Cultural Heritage List
 After the inclusion of Durga Puja on the UNESCO intangible cultural heritage representative last year,
India has now nominated dance form Garba to be inscribed on UNESCO’s Intangible Cultural
Heritage List for 2022.
Learn Along:
About UNESCO
Founded: 16 November 1945
Headquarters: Paris, France
Tripartite MoU signed for swift development of modern Multi Modal Logistics Park (MMLP)
 Union Minister of Road Transport and Highways Shri Nitin Gadkari, Union Minister of Ports, Shipping &
Waterways and Ayush, Shri Sarbananda Sonowal, and Union Minister of State for Road Transport &
Highways, Gen (Retd) VK Singh witnessed signing of tripartite agreement for swift development of
modern Multi Modal Logistics Parks (MMLP) under Bharatmala Pariyojna across the country.
 The objective is to centralize freight consolidation and reduce logistics cost from 14% to less than
10% of GDP at par with International Standards.
Delhi plans to spend $600 mn to clean its polluted air


Delhi plans to spend $600 million over three years to electrify most of its public transport to improve
air quality in one of the world’s most-polluted cities.
The state, which regularly tops global air pollution charts, is working on a strategy to make 80% of its
buses electric by 2025, set up more charging stations, and switch one-fourth of its power supply to
solar to tackle the problem.
Learn Along:
New Delhi
Chief Minister: Arvind Kejriwal
Lt. Governor: Vinai Kumar Saxena
NMCG Signs Agreement For Development Of Sewage Treatment Plants For Agra worth nearly 583
Crores

A tripartite Concession Agreement was signed between National Mission for Clean Ganga (NMCG),
Uttar Pradesh Jal Nigam and M/s Vishvaraj Environment Private Limited (VEPL) for development
of Sewage Treatment Plants (STPs) for Agra under Hybrid Annuity Mode (HAM). The contract has
been awarded at the total cost of Rs. 582.84 crores.
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

In order to abate pollution in River Yamuna through basin-approach, NMCG approved the project for
construction of Sewage Treatment Plants (STPs) of total capacity of 177.6 millions of liter per day
(MLD), among other works such as developing Interception & Diversion (I&D) structures, I&D network
laying, sewage pumping stations including Operation and Maintenance for 15 years etc.
This project aims to take care of the existing sewerage problems in the Agra city which pollutes
River Yamuna.
Centre conducts door-to-door screening for TB in over 68,000 villages under Aashwasan campaign


The Ministry of Tribal Affairs and the Ministry of Health and Family Welfare, under its Aashwasan
Campaign screened over one crore persons in over 68,000 villages.The data indicates that the tribal
communities are more vulnerable to respiratory diseases and TB, compared to other population groups.
As a way forward, to mark 75 years’ of India’s Independence, 75 high-burden tribal districts have
been selected for focused interventions in the coming months.
Learn Along:
Ministry of Tribal Affairs
Union Minister: Arjun Munda
Ministry of Health & Family Welfare
Union Minister: Mansukh Mandaviya
The Aashwasan Campaign started in January this year in Nandurbar District of Maharashtra for finding active case
for Tuberculosis in 174 tribal districts of India, under the ambit of the Tribal TB Initiative.
PM Modi inaugurates Smriti Van memorial for earthquake victims
 Prime Minister Narendra Modi inaugurated Smriti Van memorial, which celebrates the resilience
shown by people during the devastating 2001 earthquake in the Kutch region of Gujarat.
 Smriti Van is a tribute to the lost lives and the remarkable fighting spirit of the people of Kutch.
 The memorial carries names of the people, who lost their lives during the earthquake. It also has a stateof-the-art Smriti Van Earthquake Museum.
 The museum showcases Gujarat’s topography, rebuilding initiatives and success stories after the
2001 earthquake, and informs about different kinds of disasters and future readiness for any type of
disaster.
Learn Along:
About Gujarat
Capital: Gandhinagar
Chief minister: Bhupendrabhai Patel
Governor: Acharya Devvrat
AirAsia India becomes the first airline in India to use the revolutionary AI-powered CAE Rise™
Training System
 AirAsia India and CAE have announced their collaboration to integrate the CAE Rise™ Training
System into the airline’s simulator training program.
 AirAsia India is the first airline in India to adopt a data-driven training program using CAE Rise™.
 CAE Rise™ leverages analytics to deliver a higher quality of training, providing real-time data during
training sessions while giving instructors insights that enable them to objectively assess a pilot’s technical
competencies and performance.
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Bout CAE Rise™
 Launched in 2018, the CAE Rise™ training system is a technological innovation that enables the translation
of simulator training data into valuable insights for instructors and training managers.
 This new training system compares independent sources to provide increased confidence in grading data quality.
 In addition to monitoring SOP compliance, CAE Rise™ augments each instructor’s capability to identify pilot
proficiency gaps and evolve training programs to the most advanced aviation safety standards including AQP,
ATQP, and EBT methodologies.
About Air Asia
 Headquartered in Bengaluru, India, AirAsia (India) Private Limited is a joint venture between Tata Sons Private
Limited and AirAsia Aviation Group Limited.
 AirAsia India commenced operations on 12th June 2014 and flies over 50 direct and 100 connecting routes
across India.
INTERNATIONAL
Rare pink diamond, likely the largest in 300 years, discovered in Angola
 A rare 170-carat pink rough diamond, ‘The Lulo Rose’,weighing 34 grams, has been discovered at
Lucapa’s Lulo Mine in Angola.
 It is the largest pink diamond discovered in the last 300 years.
 The pink diamond is the fifth largest diamond and is the 27th 100+ carat diamond extracted to date
in the Lulo Mining project.
Learn Along:
 The largest known pink diamond is the Daria-i-Noor, discovered in India, and weighs an estimated 182 carats.
 Pink diamonds are extremely rare and the same physical attributes that make the stones scarce also make them
very tough and not easy to work into shapes.
About Angola:
Capital: Luanda
Currency: Angolan kwanza
President: João Lourenço
Khulna-Mongla railway line to open by December
 Khulna-Mongla railway line in Bangladesh will become operational by the end of this year.
 The Mongla-Khulna railway line is funded by the government of India Line of Credit (LOC).
 The project is scheduled to be over by the end of this year.
 The Khulna-Mongla railway project is part of the first Line of Credit extended by India to Bangladesh
in 2010.
 The construction work of the Padma Bridge Railway project from Dhaka to Bhanga will be complete
by June 2023 after which the Kushtia-Khulna railway communication will commence.
Learn Along:
About Bangladesh
Capital: Dhaka
Currency: Bangladeshi taka
Prime minister: Sheikh Hasina
Fuel crisis prompts Bangladesh to cut govt office hours to save energy
 Bangladeshi government offices cut back office hours by one hour per day in a bid to save energy.
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 The Council also requested that schools and universities introduce two weekend days instead of
one.
US Navy Ship docks in India for first time for repairs and maintenance
 US Navy Ship has docked in India for the first time for repairs and maintenance.
 US naval ship Charles Drew arrived at L&T’s Katupalli Shipyard at Ennore, near Chennai for
undertaking repairs and maintenance.
 The USNS Charles Drew will be at Kattupalli shipyard for 11 days and undergo repairs in various areas.
Learn Along:
About USA
Capital: Washington, D.C.
Currency: United States Dollar
President: Joe Biden
Indiana becomes first U.S. state to approve abortion ban
 Indiana became the first state in the United States to approve abortion restrictions since the U.S.
lawmakers approved it.
 The ban, which takes effect on September 12, includes some exceptions.
US, South Korea's Joint Military Drills
 South Korea and the United States began their annual joint military drills with a resumption of field
training.
 The summer time exercises, renamed Ulchi Freedom Shield this year and scheduled to end on
Sept 1.
 The United States, South Korea and Japan participated in a recent ballistic missile defence
exercise off Hawaii's coast, the first such drills since 2017.
Learn Along:
About United States
Capital: Washington, D.C.
Currency: United States Dollar
About South Korea
Capital: Seoul
Currency: South Korean won
President: Joe Biden
President: Yoon Suk-yeol
U.S. to donate $3 billion in aid to Ukraine
 U.S. President Joe Biden announced nearly $3 billion in military aid to Kyiv— the biggest U.S. package
so far — to mark Ukraine’s Independence day, six months after Russia invaded the country.
 The new funds will be for air defence systems, artillery and the much-in-demand ammunition for
those systems, as well as radars and systems to counter Russian drones.
Learn Along:
About Ukraine
Founded: 24 August 1991
Capital: Kyiv
President: Volodymyr Zelenskyy
India hands over 21,000 tonnes of fertilizer to Sri Lanka
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 Indian High Commissioner formally handed over 21,000 tonnes of fertilizer supplied under India’s
special support to the people of Sri Lanka.
 This follows 44,000 tonnes supplied last month under Indian support totalling about USD 4 billion
in 2022.
 The fertilizer will contribute to food security and support the farmers of Sri Lanka.
Learn Along:
 Since the beginning of 2022, Sri Lanka has experienced an escalating economic crisis and the government has
defaulted on its foreign loans.
 The United Nations warned that 5.7 million people “require immediate humanitarian assistance.
About Sri Lanka
Capitals: Colombo, Sri Jayawardenepura Kotte
Prime minister: Dinesh Gunawardena
Currency: Sri Lankan rupee
President: Ranil Wickremesinghe
India Bags 3 Gold, 2 Silver Medals At 15th International Olympiad On Astronomy, Astrophysics
 The 15th International Olympiad on Astronomy and Astrophysics (IOAA) 2022 was held in Georgia,
from August 14 to 21, 2022.
 The IOAA aims to promote the growing interest of students in Astronomy and related STEM
subjects.
 The Indian contingent bagged three gold medals and two silver medals.
Contestant
Medal
Raghav Goyal
Gold
Md Sahil Akhtar
Gold
Mehul Borad
Gold
Malay Kedia
Silver
Atharva Nilesh Mahajan
Silver
Saudi Arabia To Invest $1 Billion In Cash-Strapped Pakistan


Saudi Arabia has announced a $1 billion investment in cash-strapped Pakistan which is currently in
a state of both economic and political upheaval.
Pakistan will get USD 2 billion from Qatar, USD 1 billion from Saudi Arabia under the umbrella of
deferred oil facility and USD 1 billion investments from the UAE in various sectors.
Learn Along:
About Saudi Arabia
Capital: Riyadh
King: Salman of Saudi Arabia
Currency: Saudi Riyal
South Korea records world's lowest fertility rate – again
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 South Korea has broken its own record for the world's lowest fertility rate, as the country struggles
to reverse its years-long trend of declining births.
 The country's fertility rate, which indicates the average number of children a woman will have in
her lifetime, sunk to 0.81 in 2021 -- 0.03% lower than the previous year.
 The 2021 fertility rate was 1.6 in the United States and 1.3 in Japan, which also saw its lowest rate
on record last year.
 As of last November, 16.8% of South Koreans were over 65 years old, while just 11.8% were age 14
or under.
Learn Along:
About South Korea
Capital: Seoul
Currency: South Korean won
President: Yoon Suk-yeol
India hands over USD 1 million to BIMSTEC Secretariat’s operational budget
 Minister of State (MoS) for External Affairs and Education Rajkumar Ranjan Singh ceremonially
handed over a cheque of USD 1 million for the BIMSTEC Secretariat’s operational budget.
 The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Secretary
General Tenzin Lekphell also held discussions on rapidly taking forward cooperation in specific
areas led by India including counter-terrorism, disaster management, maritime cooperation and
energy security.
Learn Along:
 BIMSTEC comprises of 7 member states (Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand)
which are littoral to, or dependent upon the Bay of Bengal.
 During the last BIMSTEC Summit hosted by Sri Lanka, Leaders adopted and signed the BIMSTEC Charter
completing its evolution into a full-fledged regional organization with a distinct international legal personality.
 Founded: 6 June 1997
Headquarters: Dhaka, Bangladesh
STATES
Chhattisgarh to flag off ‘Mahtari Nyay Rath’
 The Chhattisgarh Women Commission is goint to organise ‘Mukhyamantri Mahtari Nyay Rath
Yatra’ to make the women of the state aware of their constitutional rights and laws.
 The chariots will travel in all the districts and make people aware about the legal provisions of
women and their constitutional rights, through short films, messages and brochures.
 With the aim of spreading legal awareness among women, Mukhyamantri Mahtari Nyay Rath is
being commenced on the occasion of Hareli Tihaar.
Learn Along:
About Chhattisgarh
Capital: Raipur
Governor: Anusuiya Uikey
Chief minister: Bhupesh Baghel
Bihar’s Langat Singh College astronomy lab included in the Unesco heritage list
 UNESCO has added a 106-year-old astronomical observatory at Langat Singh College in Bihar’s
Muzaffarpur on its list of important endangered heritage observatories of the world.
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 The Astronomical observatory at Langat singh college was built in 1916 in the 123-year old college, now affiliated
to Bhim Rao Ambedkar Bihar University.
About UNESCO(The United Nations Educational, Scientific and Cultural Organization)
Founded: 16 November 1945
Headquarters: Paris, France
About Bihar
Capital: Patna
Chief minister: Nitish Kumar
Governor: Phagu Chauhan
Haryana government developed the Cheerag programme for EWS Students
 Haryana government recently launched the “Chief Minister Equal Education Relief, Assistance and
Grant (Cheerag)” scheme.
 Under the Cheerag scheme, government school students whose parents have an annual verified
income of less than Rs 1.8 lakh can enroll in private schools from Class II to XII.
 The government will reimburse Rs 700 per student from Classes II to V, Rs 900 per student from
Classes VI to VIII, and Rs 1,100 per student from Classes IX to XII.
Learn Along:
About Haryana
Capital: Chandigarh
Chief minister: Manohar Lal Khattar
Governor: Bandaru Dattatreya
Tamil Nadu notifies fifth elephant reserve in Agasthyamalai landscapeHCs
 Tamil Nadu got Agasthyamalai Elephant Reserve in Kanyakumari and Tirunelveli as its 5th Elephant
reserve.
 The Periyar-Agasthyamalai landscape is estimated to have 1,800 Asian elephants (Census 2010).
Learn Along:
 India has 31 elephant reserves.
 In the last three years, Dandeli Elephant Reserve has been notified by Karnataka, Singphan Elephant Reserve
by Nagaland and Lemru Elephant Reserve in Chhattisgarh.
About Tamil Nadu
 Nilgiris – Eastern Ghat, Nilambur Silent Valley Coimbatore Elephant Reserve, Periyar Elephant
Reserve,Anamalai – Parambikulam Elephant Reserve are the rest four elephant reserves in Tamil Nadu.
Capital: Chennai
Chief minister: M. K. Stalin
Governor: R. N. Ravi
Telangana launches Nethanna Bima Scheme
 The Telangana government has tied up with Life Insurance Corporation (LIC) of India for the
‘Nethanna Beema’ scheme to provide economic assurance to handloom and power loom weaver
families.
 The scheme will provide Rs 5 lakh insurance cover to the families of weavers in case of the
unfortunate demise of an eligible beneficiary.
Learn Along:
About Telangana
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Founded: 2 June 2014
Capital: Hyderabad
Governor: Tamilisai Soundararajan
About LIC
Founded: 1 September 1956
Chief minister: K. Chandrashekar Rao
Headquarters: Mumbai
Chairperson: M R Kumar
Asia's largest compressed biogas plant launched in Sangrur
 Asia’s largest Compressed Biogas (CBG) plant has been commissioned in Sangrur district of
Punjab.
 The plant has now started commercial production of CBG, which is being supplied to Indian Oil
Corporation Ltd (IOCL) outlet.
Learn Along:
About Punjab
Capital: Chandigarh
Chief minister: Bhagwant Mann
Governor: Banwarilal Purohit
About IOCL
Founded: 30 June 1959
Headquarters: New Delhi
Chairperson: Shrikant Madhav Vaidya
MP’s tribal-dominated Mandla has become fully functionally literate district
 Madhya Pradesh’s tribal-dominated Mandla region has become the first fully “functionally literate”
district in the country.
 The literacy rate in the district was 68 per cent as per a survey in 2011, while another report in 2020
pointed out that over 2.25 lakh people were not literate in the district and most of them were tribals
living in the forest areas.
Learn Along:
About Madhya Pradesh
Capital: Bhopal
Chief minister: Shivraj Singh Chouhan
Governor:Mangubhai C. Patel
“Dahi-Handi” Recognised as an Official Sport of Maharashtra
 Maharashtra Chief Minister Eknath Shinde announced that the popular entertainment event of “Dahi
Handi” would be officially recognised under the state’s sports category.
 Maharashtra would introduce the discipline “Pro Dahi Handi” and “Govindas” who participated in the
tournament would get jobs under the sport Maharashtras quota.
 Govenrment will provide an insurance cover of Rs 10 lakh for the Govindas.
Learn Along:
About Maharshtra
Capital: Mumbai
Chief minister: Eknath Shinde
Governor: Bhagat Singh Koshyari
Jharkhand India's 1st state to Use Blockchain To Distribute Seed To Farmers
 The Directorate of Agriculture, Jharkhand, and global blockchain technology company, SettleMint,
India jointly announced the successful launch of seed distribution to farmers based on blockchain
technology.
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 Jharkhand is 1st state to implement blockchain in the country which is being used to track seed
distribution.
Learn Along:
 The blockchain platform tracks seed supply distribution-from issuing of supply orders from the Directorate of
Agriculture, placing of seed demand by District Agriculture Officer, tracking seed distribution from empanelled
government seed producing agency to distributors, retailers, LAMPS/PACS, FPOs, and finally to the farmers.
About Jharkhand
Capital: Ranchi
Chief minister: Hemant Soren
Governor: Shri Ramesh Bais
Govt awards GI tag to Mithila Makhana
 The government has awarded Geographical Indication (GI) tag to Bihar’s Mithila Makhana.
 Mithila Makhana registered with GI Tag, farmers will get profit and it will be easier to earn.
 Due to Geographical Indication Tag to Mithila Makhana in the festive season, people outside Bihar
will be able to use this auspicious material with reverence.
Learn Along:
About Bihar
Capital: Patna
Chief minister: Nitish Kumar
Governor: Phagu Chauhan
India’s 1st Commercial Space Situational Awareness Observatory to be set up in Uttarakhand
 India’s first commercial space situational awareness observatory is to be set up in Uttarakhand.
 The observatory will be developed by Bengaluru-based start-up Digantara.
 The Space Situational Awareness Observatory will be used to monitor space activity which includes
space debris that is floating in the Lower Earth Orbit (LEO) and the Geosynchronous Earth Orbit
(GEO).
 Apart from this, it will also add to India’s capability to locate and track military satellites hovering
over the region.
Learn Along:
About Uttarakhand
Capitals: Dehradun (Winter), Gairsain (Summer)
Governor: Gurmit Singh
Chief minister: Pushkar Singh Dhami
UP drafts services export policy to attract investors & earn forex

The Uttar Pradesh government is drafting its ‘services export’ policy to woo private investors and earn

foreign exchange. The proposed policy will accord priority to key services sectors of medical value travel,
tourism, IT/ITeS, logistics and education.
These 12 sectors comprise IT/ITeS, tourism and hospitality, medical value travel, transport and
logistics, accounting and finance, audio visual, legal, communication, construction, engineering,
environmental, financial and education.

The state was targetting to increase merchandise exports to almost Rs 3 trillion in the next three years.

While services exports contribute a significant share in India’s exports, the global market size of services
sector imports is estimated to be $6 trillion.
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About Uttar Pradesh
Capital: Lucknow
Chief minister: Yogi Adityanath
Governor: Anandiben Patel
India’s first Night Safari to come up in Kukrail Forest Area in Lucknow




UP State Government has approved setting up India’s first night safari park at Kukrail Forest Area
in Lucknow. The Zoological Park will be set up in an area of 150 acres while the Night Safari Park will
be established in an area of 350 acres.
The forest land which was currently not in use for any other project will be used to develop the zoological
park and night safari without impacting the existing flora and fauna. The project is aimed at promoting
eco-tourism in the state.
The century-old Nawab Wajid Ali Shah Zoological Garden, which is popularly known as the Lucknow
Zoo, will also likely to be shifted from its current location to the Kukrail Forest.
Unlike the zoo, where animals are kept caged, these safaris would allow them to roam free as they do in
the wild.
Medanta launches ‘Adopt a District’ campaign to eradicate tuberculosis in Haryana


In its attempt to galvanise corporates to contribute to the National Tuberculosis Elimination Program
(NTEP) in Haryana, Medanta Hospital organised a multi-stakeholder event engaging corporates and
government stakeholders and launched the “Adopt a District” campaign.
The programme will strengthen and support the robust NTEP that works to detect TB in the unscreened
population and establish linkages between identified patients, and the government healthcare and
treatment services.
Learn Along:
Medanta
Headquarters: Gurugram
CMD: Dr. NareshTrehan
The National Tuberculosis Elimination Program is the Public Health initiative of the Government of India that
organizes its anti-Tuberculosis efforts. It functions as a flagship component of the National Health Mission and provides
technical and managerial leadership to anti-tuberculosis activities in the country
Kerala to introduce online monitoring of medicines through Drug Management System

Kerala Government is planning to launch an online monitoring system for medicines for hospitals.
The new Kerala Drug Management System has been conceptualized to ensure better distribution of
medicines across state-run hospitals amid allegations of a shortage of medicines in the state. The
new online monitoring system for medicines will help track the availability of key medicines at
government-run health facilities and also aid in better distribution of drugs across the state.
Learn Along:
About Kerela
Capital: Thiruvananthapuram
Chief minister: Pinarayi Vijayan
Governor: Arif Mohammad Khan
Haridwar declared India’s Best Aspirational District under NITI Aayog's Aspirational Districts
Programme
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
Haridwar has been declared as India’s Best Aspirational District by NITI Aayog. The honour of the
Best Aspirational District to the Holy City of Haridwar was accorded under NITI Aayog's Aspirational
Districts Programme.

Along with the title of being India’s Best Aspirational District, the district will also receive an additional
allocation of Rs 3 Crores.
Learn Along:
NITI Aayog's Aspirational Districts Programme-Launched in 2018, NITI Aayog's Aspirational Districts Programme is
aimed at identifying potential districts that can develop into model bblocks through socio-economic development. Under
the program, the central government takes steps to improve the socio-economic condition of identified districts and
ensure inclusive and holistic development.
The program enables the local administration to leverage technology and innovation for better governance and service
delivery. During its launch, a total of 117 Districts were identified to be a part of the Aspirational Districts Programme
(ADP).
Odisha launches "Startup Odisha Yatra 2.0" To Promote Youth Entrepreneurship


Odisha launched Startup Odisha Yatra 2.0 a flagship initiative of Startup Odisha.
It aims at scouting grassroots innovators, women entrepreneurs, and promoting entrepreneurship among
the youth.The Yatra will cover over 100 educational institutions in 30 districts over a period of 60
days.
Learn Along:
About Odisha
Capital: Bhubneshwar
Chief Minister: Naveen Patnaik
Governor: Ganeshi Lal
Odisha earmarked around Rs 600 crore to set up new industrial parks


Odisha has announced investment of up to Rs 600 crore to set up 23 new industrial parks in the
state by the Industrial Infrastructure Development Corporation (IDCO).
The state government has renewed its focus on development of ancillary industries to upgrade and
accelerate economic development and create employment.
Maharashtra to get its first “Divyang Park’’ in Nagpur


Ministry of social justice and empowerment, government of India organized A ‘Samajik Adhikarita
Shivir’ for distribution of aids and assistive devices to Senior citizens under ‘Rashtriya Vayoshri Yojana’
(RVY Scheme) and to ‘Divyangjan’ under the ADIP Scheme by the department of SJ&E in association
with ALIMCO, by Nagpur municipal corporation today in reshimbagh ground in Nagpur.
It was announced in the event that the Ministry of SJ&E has provided all potential support to establish
the primary “Divyang Park” of Maharashtra in Nagpur. “Divyang Park” will be having completely
different facilities for Divyangjans like sensory garden, textile Pathway bit and smell garden, talent
coaching facility, rehabilitation facility, Sports & pic etc.
Learn Along:
Ministry of Social Justice & Empowerment
Union Minister: Virendra Kumar
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Assistance to Disabled Persons for Purchase / Fitting of Aids and Appliances (ADIP) is a scheme initiated by the
Ministry of Social Justice and Empowerment, Government of India. This scheme has been launched to provide
assistance to disabled persons in obtaining standard aids and appliances in order to enhance their economic conditions.
Parley to invest 16,000 crore on plastic-free initiatives in Andhra Pradesh
 The Andhra Pradesh government entered into a memorandum of understanding with US-based
environmental organisation Parley for the Oceans to make Andhra Pradesh plastic-free by 2027.
 As part of the MoU, Parley will set up its recycling Super Hub and Future Institute in the state, most
likely in Visakhapatnam.
 The initiatives will attract 16,000 crore investment to AP besides providing employment to about
20,000 people.
Learn Along:
About Andhra Pradesh
Capital: Amaravati
Harichandan
Founded: 1 November 1956
CM: YS Jagan Mohan Reddy
Governor: Biswabhusan
About Parley
Parley for the Oceans is a non-profit environmental organization that focuses on protection of the oceans. It was
founded in 2012 by Cyrill Gutsch.
World’s largest religious monument to be constructed in India
 An under-construction temple in West Bengal’s Mayapur, Bigger than the Taj Mahal and St Paul’s
Cathedral in Vatican, will be the largest religious monument in the world.
 It is Set to be inaugurated in 2024.
 A project of the International Society for Krishna Consciousness (ISKCON), the Mayapur temple
being built along the Ganga river aims to make the age-old Vedic culture and traditions accessible
to all.
Learn Along:
About ISKCON
Founded: 13 July 1966
Headquarters: Mayapur
Founder: A. C. Bhaktivedanta Swami Prabhupada
About West Bengal
Capital: Kolkata
Chief minister: Mamata Banerjee
Governor: La Ganesan
Chennai airport becomes fifth busiest in country
 Chennai airport has recently climbed one rank up to become the fifth busiest airport in the country
after Delhi, Mumbai, Hyderabad and Bengaluru.
 Till February 2014, Chennai airport held onto being the third busiest in the country and post March,
Bengaluru airport overtook and continues to retain that position.
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 Looking at the international passenger traffic data for July, Chennai airport stood third behind
Delhi and Mumbai; it overtook Bengaluru and Hyderabad, recording 4.29 lakh passengers.
Learn Along:
About Tamil Nadu
Capital: Chennai
Chief minister: M. K. Stalin
Governor: R. N. Ravi
Uttarakhand CM launches ‘CM Udyman Khiladi Unnayan Yojana’
 Chief Minister Pushkar Singh Dhami launched “CM Udyman Khiladi Unnayan Yojana’, in the
program organized on the occasion of National Sports Day in the Police Line Maidan.
 Considering the shortage of sports trainers under the Sports Department, 08-08 departmental sports
trainers will be appointed for each district.
 Chief Minister Sports Development Fund will be established to be given financial benefits to the
students according to accelerated rules.
Learn Along:
About Uttarakhand
Capitals: Dehradun (Winter), Gairsain (Summer)
Governor: Gurmit Singh
Chief minister: Pushkar Singh Dhami
REPORTS AND INDEXES
Cybercrime against women up 28% since 2019, Karnataka's share highest: NCRB

According to the data released by National Crime Records Bureau, the number of cybercrime
incidents in 2021 has gone up by 18.4 per cent since 2019, but the number of such cases against
women has risen at a significantly steeper 28 per cent.

The data showed that out of the 52,974 incidents reported in 2021, 10,730 — 20.2 per cent — were
reported as cases of crime against women.

The top five states accounted for 61 per cent share of cybercrimes against women. Karnataka had the
highest share with 2,243 cases in 2021, followed by Maharashtra with 1,697, and Uttar Pradesh
with 958 cases.

In terms of overall cybercrime cases, Telangana accounted for the highest share, as cases
increased 282 per cent from 2,691 in 2019 to 10,303 in 2021. The other four states with the highest
number of cases were Uttar Pradesh (8,829), Karnataka (8,136), Maharashtra (5,562), and Assam
(4,846). However the cybercrime cases declined in Uttar Pradesh and Karnataka.
Learn Along:
The National Crime Records Bureau (NCRB), is an Indian government agency responsible for collecting and
analyzing crime data as defined by the Indian Penal Code and Special and Local Laws. NCRB is headquartered in
New Delhi and is part of the Ministry of Home Affairs, Government of India
Nature Index Rankings 2022
 Recently the Nature Index rank survey was conducted on the basis of research articles published in
chemistry, life sciences, earth & environment sciences, and physical sciences.
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 The University of Hyderabad (UoH) ranked first among Indian Universities and 16th among all
institutions in the academic sector in the Nature Index 2022 ranking.
Rank (Overall)
Indian Institutions
Ranks Among Indian
Institution
16
University of Hyderabad
1
23
Indian Institute of Technology (IIT) Hyderabad
2
26
Indian Institute of Science Education and
Research (IISER), Tirupati
3
54
Amity University
4
76
National Institute of Pharmaceutical Education
and Research (NIPER) Hyderabad
5
82
International Institute of Information
Technology (IIIT), Hyderabad
6
92
Andhra University
7
108
Jawaharlal Nehru Technological University,
Kakinada
8
122
Indian Institute of Technology Tirupati (IIT)
Tirupati
9
Learn Along:
The Nature Index
 This index is a database of affiliations of author and relationships of institution.
 It records contributions to research articles, published across 82 high-quality natural science journals.
 These journals are selected by an independent group of researchers.
 This database is compiled by Nature Research. It provides real-time proxy of high-quality research output. It is
updated monthly.
ETFs accounted for a third of record FPI outflows in June,2022- NSDL

India-dedicated funds saw outflows to the tune of $906 million in June, 2022. Meanwhile, funds
investing in global emerging markets (GEM) and other funds (such as those investing in Asia exJapan, BRIC, and global markets) withdrew $997 million and $354 million, respectively.

Total outflows from funds tracked by EPFR Global, a data provider, stood at $2.6 billion, accounting
for a third of capital outflows from the domestic market in June,2022.According to depository firm NSDL,
total foreign portfolio investor (FPI) outflows from the domestic market stood at a record $6.4 billion in
June.
Learn Along
NSDL
Headquarters: Mumbai
CEO: Padmaja Chunduru
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Credit growth to MSME sector expanded by Rs 52,800 crores in current fiscal: SBI Ecowrap report

According to SBI Ecowrap Research report, credit growth to the MSME sector has expanded by Rs
52,800 crores as of mid-July in the current fiscal 2022-23 against a de-growth of Rs 61,000 crore in
the similar period previous fiscal. Retail loans during the period expanded by Rs 1.34 lakh crores
against a de-growth of Rs 26,500 crore last year. In FY23, credit growth has gained further progress
over FY22 and has recorded a 3-year high growth of 14 percent (YoY) as of July 2022. The
incremental growth (Year to date) in credit is Rs 3.8 lakh crore (3.3 percent) till July 2022.
Learn Along
SBI
Headquarters: Mumbai
Chairperson: Dinesh Kumar Khara
IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report

According to the TeamLease Report, India’s information technology (IT) and business process
management (BPM) workforce will grow by 7 percent in FY2023 as more than 300,000 jobs are
created.

According to the TeamLease Digital - Digital Employment Outlook Report, headcount will increase from
5.1 million to 5.45 million for the first half of 2023.

Demand for digital skills will grow by 8.4percentt by the end of FY2022.Contractual staffing headcount
is expected to grow 21 percent fueled by investments and companies installing new technologies. IT
services companies, global capability centers (GCC), and product development companies are
the top contract staffing consumers, contributing more than 70 percent to the ongoing trend.
Private banks reported most data breaches in 2018-22: Government data

According to the data provided by the government, private banks reported the most data breaches
between June 2018 and March 2022 in attacks that stole business and personal information.

All banks reported 248 data breaches in the four-year period. Of those attacks, 205 were in private
banks and 41 in state-owned. The remaining two were at foreign banks.The data also showed that
0.93 million incidents of compromise of customer accounts were due to phishing, credential /one
time password (OTP) compromise.

The incidents and amount of loss incurred by customers were reported between April 1, 2020 and
March 31, 2022, involving an amount of Rs 1,435 crore.According to government data, fraud
amounting to Rs 6,861 crore was reported by private and public sector banks in the first quarter
of the current financial year.
RBI's March 2022 financial inclusion index shows growth in all segment

The FI index was conceptualized as a comprehensive index incorporating details of banking,
investments, insurance, postal as well as the pension sector in consultation with the government and
respective sectoral regulators in August ,2021 .
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
The FI-Index has been constructed without any base year and is published in July every year. The FIIndex comprises three broad parameters: access, with a weightage of 35 per cent; usage with 45
per cent weightage; and quality with 20 per cent weightage with each of these consisting of various
dimensions, which are computed based on a number of indicators.The Reserve Bank of India’s (RBI)
financial inclusion (FI) index, has risen to 56.4 in March 2022, showing growth across all
parameters. The index stood at 53.9 as of March 2021.
18.34 lakh MSMEs established in FY21-22 employ 1.16 crore people- Udyam Data

According to the data provided by the Udyam Portal, Haryana has got the highest number of micro,
small and medium enterprises (MSMEs) registered during the financial year 2021-2022 recording
a total of 66,767 enterprises.

MSMEs that employed 3.36 lakh jobs. Of the 66,767 MSMEs registered in Haryana during the last
fiscal, 66,442 are micro-enterprises, 318 are small enterprises and seven are medium enterprises.

Punjab is next in line with 46,519 MSMEs, out of which 46,366 are micro-enterprises, 144 are small
enterprises and nine are medium enterprises providing employment to 1.94 lakh people in the state.
Likewise, in Himachal Pradesh, 12,460 MSMEs were established in FY21-22, out of which 12,394
are micro-enterprises, 63 are small enterprises and three are medium enterprises giving jobs to 62,069
people.

Similarly, in the union territory of Chandigarh 2,657 MSMEs were established FY21-22 employing
12,042 jobs. Of the MSMEs registered 2,648 are micro-enterprises and nine are small enterprises.
According to the portal, 18.34 lakh MSMEs were established in FY21-22 employing 1.16 crore
people.
Learn Along
Udyam is an online system for registering micro, small and medium enterprises launched by the Union MSME
Ministry on July 1, 2020. The government had also revised the definition of MSMEs from the same date. More than 88
lakh MSMEs have successfully registered themselves to date through the Udyam registration portal
Fortune Global 500 List : LIC gained spot for the first time
According to Fortune Global 500 list, following companies have gained spots in the top 500
Top companies-
The list, topped by US retailer Walmart, has nine Indian companies -- five of them state-owned, and
four from the private sector. Thus,Walmart landed at No. 1 for the ninth straight year, followed by
Amazon, which reached its highest ranking ever. Chinese energy giants State Grid, China National
Petroleum, and Sinopec rounded out the top five.

Indian Companies ranking –
o
Reliance Industries jumped 51 places to 104 on the 2022 list.
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o
The nation's biggest life insurer LIC with revenue of USD 97.26 billion and a profit of USD 553.8
million, was ranked 98th on the just released Fortune 500 list. This is the first time that LIC
has gained a spot in the Fortune Global 500 List.
o
Indian Oil Corporation (IOC) rose 28 places to 142nd rank while Oil and Natural Gas
Corporation (ONGC) climbed 16 places to 190.
o
The list had two Tata group firms -- Tata Motors at 370 and Tata Steel at 435th spot.
o
Rajesh Exports at 437th rank was the other private Indian company on the list.
o
State Bank of India (SBI) climbed 17 places to rank 236th and Bharat Petroleum Corporation
Ltd 19 places to 295.
Learn Along
The Fortune Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide
as measured by revenue. The list is compiled and published annually by Fortune magazine.
Literacy rate for STs improved from 47.1% in 2001 to 59% in 2011: Census

According to Census 2011,the population of Scheduled Tribes (STs) in the countryis 104.49
million. STs constitute 8.6 per cent of the country’s total population and 11.3 per cent of the total
rural population.The population of ST males is 52.5 million and ST females 52 million.

The decadal growth of ST population in 2011, compared with 2001, reveals that the ST female
population growth rate (25 per cent) is higher than the ST male population growth rate (23 per
cent).The sex ratio with reference to STs is 990 — this is higher than the national average of 943.
Also, the ST sex ratio improved from 978 females per 1,000 males in 2001 to 990 in 2011.

Goa, Kerala, Arunachal Pradesh, Odisha, and Chhattisgarh have shown a high ST sex ratio,
while Jammu & Kashmir the lowest at 924 in 2011.According to the Census figures, the literacy rate
for STs in India improved from 47.1 per cent in 2001 to 59 per cent in 2011.

The literacy rate for the total population increased from 64.8 per cent in 2001 to 73 per cent in
2011. There is a gap of about 14 percentage points in the literacy rate of STs, compared to the all-India
literacy rate.Tamil Nadu, Odisha, Madhya Pradesh, West Bengal, and Kerala have shown a gap
of more than 18 percentage points in literacy rate of STs, in comparison with the total population
during 2011.However, all states registered a decline in literacy rate between 2001 and 2011.
India's outbound tourism to surpass $42 billion by 2024- report by Nangia Andersen LLP & FICCI



According to the report titled Outbound Travel and Tourism - An Opportunity Untapped' by Nangia
Andersen LLP in association with FICCI – highlights that India will surpass USD 42 billion by 2024
and the government could bring about certain policy changes to boost this growing market.
Europe sees 20 per cent of the travellers from India's outbound traffic. 10 per cent travel to
Australia and New Zealand, while the rest of the traffic is towards South east Asia.
In 2021, Indians spent approximately USD 12.6 billion in outbound trips, compared to USD 22.9
billion in 2019.
Learn Along
FICCI
Headquarters: New Delhi
President: Sanjiv Mehta
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85 per cent of Indian children have experienced cyberbullying- McAfee Cyberbullying report







According to the report published by McAfee Cyberbullying, around 85 per cent of Indian children
have reported being cyberbullied as well as having cyberbullied someone else at rates well over
twice the international average.
The survey was conducted between June 15 to July 5,2022 covering 11,687 parents and their children
across 10 countries.
It also reported that Indian children claimed that they were more likely to be cyberbullied by strangers
compared to other children around the world, at 70 per cent in India versus 45 per cent worldwide.
Besides, 45 per cent of Indian children reported that they hide their cyberbullying experiences from
parents, perhaps due to the relative absence of conversation.
According to Indian parents, 42 per cent of children have been the target of racist cyberbullying,
strikingly 14 per cent higher than the rest of the world at 28 per cent.
Extreme forms of cyberbullying reported besides racism include trolling (36 per cent), personal attacks
(29 per cent), sexual harassment (30 per cent), threat of personal harm (28 per cent) and doxing (23
per cent), all of these at almost double the global average.
India also reported prominent acts of cyberbullying such as spreading false rumors at 39 per cent,
being excluded from groups and conversations (35 per cent) and name calling (34 per cent).
Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030- Chiratae Ventures - Ernst & Young

According to the report been published by Chiratae Ventures – Ernst & Young - $1trn India Fintech
Opportunity , the Indian Fintech will grow tenfold to have $1 trn Assets Under Management and
and $200 bn revenue by 2030. It reorted that the Indian digital lending marketwill grow to $515 bn
from $476bn by 2030 itself due to the collaborative support of new fintech companies been emerged
in India as well the government initiatives like Digital India, Smart City , UPI etc.
Learn Along:
Ernst & Young
Headquarters: London,UK
CEO: Carmine Di Sibio
Assets under management (AUM) is the total market value of the investments that are held by the Mutual Fund. In
simple terms, it is the money that the mutual fund is handling for their clients/investors.
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.
MSME credit demand up 1.6x from pre-pandemic levels: SIDBI - TransUnion CIBIL

According to the MSME Pulse report published by SIDBI and credit bureau TransUnion CIBIL, the
demand for MSME loans, which is measured as the number of commercial credit enquiries, as of Q4
FY22 has grown 1.6 times the pre-pandemic levels (Q4 FY20) due to broader economic activity after
the second wave of pandemic and extension of the Emergency Credit Line Guarantee Scheme
(ECLGS) scheme.MSME segment’s credit exposure grew to Rs 23.12 lakh crores during Q4 FY22,
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up from Rs 21.8 lakh crore in Q4 FY21 and Rs 20.2 lakh crore in Q4 FY20 with outstanding balance
been increased on the lenders’ side.

For public sector banks, the outstanding balance jumped 6 per cent to Rs 9 lakh crore as of
March 2022, while for private banks, it increased 13 per cent to Rs 9.4 lakh crore. For non-banking
financial companies (NBFCs), the outstanding balance increased 7 per cent to Rs 2.7 lakh crore.In
terms of disbursement, the credit disbursed by lenders to MSMEs increased by around 43 per
cent in Q4 FY22 from the year-ago period.
Learn Along:
TransUnion CIBIL
Headquarters: Mumbai
CEO: Rajesh Kumar
7.3% of Indians owned digital currency in 2021; 7th highest in the world: UN

According to the UN, over seven percent of India's population owns digital currency and reported
that the use of cryptocurrency rose mainly during the pandemic.

The UN trade and development body UNCTAD reported that in 2021, developing countries
accounted for 15 of the top 20 economies in terms of the population that owns cryptocurrencies.

In India, 7.3 per cent of the population owned digital currency in 2021 and is ranked seventh in
the list of top 20 global economies for digital currency ownership as share of the
population.Countries that were on the top of the list include - Ukraine topped the list with 12.7
percent, followed by Russia (11.9 pecent), Venezuela (10.3 percent), Singapore (9.4 percent), Kenya
(8.5 percent and the US (8.3 percent).
Learn Along:
United Nations
UNCTAD
Headquarters: New York, USA
Headquarters: Geneva, Switzerland
Secretary General: Antonio Guterres
Secretary-General: Rebeca Grynspan
Recovery in youth employment continues to lag worldwide: ILO report



According to the Global Employment Trends for Youth 2022 report published by the International
Labour Organisation (ILO)- the unemployment rate for 15- to 24-year-olds stands at 15.6 per cent
worldwide, which is three times more than the adult unemployment rate.
The number of unemployed young people worldwide fell from 75 million in 2021 to 73 million in
2022 – which is still six million more than the pre-pandemic levels.
The increased labour market challenges faced by the young are further amplified by the share
of the youth not in employment, education or training (NEET) rose to 23.3 per cent – an increase
of 1.5 percentage point from 2019.The education being mostly online or distance, and falling family
incomes during the pandemic, led to youth giving up on their education and training as well, thus
making it difficult for them to search for new jobs with employers hesitant to invest in the relatively
young and inexperienced workforce.
Learn Along:
ILO
Headquarters: Geneva (Switzerland)
Director-General: Gilbert Houngbo
Govt health centres face shortage of doctors- Rural Health Statistics 2021
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
According to the Rural Health Statistics published by Ministry of Health & Family Welfare- that across
rural and urban areas, there is a 7 per cent shortfall of doctors at primary health centres (PHCs)
and a 57 per cent dearth of doctors at community health centres (CHCs).

Almost two-thirds of the country’s population resides in rural areas and yet only 33 per cent of
the total health workers and 27 per cent doctors are available.

Even though the number of health centres has increased in rural areas, the shortage of doctors in
CHCs has risen from 45 per cent in 2005 to 80 per cent in 2021, and has remained constant in
PHCs at 4.3 per cent. In urban areas, the undersupply at PHCs is 9.8 per cent and at CHCs 34 per
cent.
India home to 18 of 20 cities with severe rise in PM2.5 – Health Effects Institute

The report published by US based Health Effects Institute summarizes data on air pollution exposures
and associated health impacts in 7,239 cities (with minimum population of 50,000) from 2010 to
2019. It combines ground-based air quality data with satellites and models to produce air quality
estimates for cities around the world.

The findings of the report show that Delhi and Kolkata reported 106 and 99 deaths per 1 lakh
population in 2019 which could be attributed to PM2.5 pollution.In 2019, Delhi recorded an
annual average PM2.5 concentration of 110 micrograms per cubic metre, the highest among the
most populous cities in the world, followed by Kolkata (84 micrograms per cubic metre), according
to the report Air Quality and Health in Cities by the State of Global Air Initiative, a collaboration between
the Health Effects Institute and the Institute for Health Metrics and Evaluation's Global Burden of
Disease project.

Beijing in China had the highest PM2.5-attributable death rate of 124 in 2019. Delhi and Kolkata
ranked sixth and eighth, respectively. The report concluded that the burden on the health of PM2.5
has grown rapidly in cities in Southeast Asia.However no Indian city appeared in the list of top
10 – or even top 20 - polluted cities when N0 2 levels were compared.
Learn Along:
PM2.5 refers to fine particles (measuring 2.5 µm or less in diameter) that penetrate deep into the body and fuel
inflammation in the lungs and respiratory tract, leading to the risk of having cardiovascular and respiratory problems,
including a weak immune system.
Factory count rose to 2.46 L, with 1.3 cr workers in FY20 – Annual Survey of Industries

According to the Annual Survey Industries released by the Ministry of Statistics and Programme
Implementation (MoSPI), The number of factories in the country increased by 1.7 percent year-onyear to 2.46 lakh in FY20, employing a total of 1.3 crore workers. In comparison, the number of
factories stood at 2.42 lakh in 2018-19 and 2.37 lakh seen in the post-demonetization year of 201718.

The employment in the corporate sector, including public and private government and nongovernment companies, rose 5.5 percent to 97 lakh in FY20, while that in individual proprietorship
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declined 3.1 percent to 11.36 lakh. Employment in the partnership sector fell by 11.7 percent to
18.58 lakh in 2019-20, while that in the limited liability partnership grew 42 percent to 1.22 lakh.

Among states, Tamil Nadu showed the highest number of employment of workers in factories at
22.09 lakh in 2019-20, followed by Gujarat with 15.89 lakh workers and Maharashtra with 14.54
lakh workers.
Learn Along:
Ministry of Statisitcs & Programme Implementation
Union Minister: Rao Inderjit Singh
RBI report projects retail inflation within tolerance band by Q1FY24 – RBI’s State of the Economy
Report

According to RBI’s State of the Economy Report, easing of supply chain pressures and reduction in
commodity prices has contributed to decrease in inflation.The fall in consumer price index (CPI)-based
inflation to 6.7 percent in July from 7 percent in June 2022 came out to be a development for relief
and retail inflation may ease to 5 percent by the first quarter of the next financial year before hitting
the target of 4 percent as per the RBI report.
Private capex announcements rose in 2021-22 – RBI

According to RBI monthly bulletin, announcements of new investment projects, by the private
corporate sector, increased significantly during 2021-22, with the total cost of projects increasing
by about 90% over 2020-21, yet staying below the pre-pandemic levels.

Overall, the investment plans of 791 projects were made during 2021-22 aggregating to Rs 1,94 lakh
crore as against 576 projects in 2020-21 with investment intentions of Rs 1,16 lakh crore. State-wise
data reveals that during 2021-22, more than half (56.4%) of the projects were taken up in five states
— Rajasthan, Uttar Pradesh, Gujarat, Maharashtra and Tamil Nadu.The total cost of infrastructure
projects increased from Rs 56,103 crore in 2020-21 to Rs 81,221 crore in 2021-22.
Indians remitted $6 bn in Q1FY23 under LRS scheme - RBI data

According to the data released by RBI, outward remittances under the Reserve Bank of India’s
(RBI’s) liberalized remittance scheme (LRS) made a strong comeback in the first quarter of FY23 as
Indians increased spending on international travel, maintenance of close relatives, and gifts.

The data for Q1FY23 shows that remittance by Indians under the scheme jumped 64.75 percent
to over $6.04 billion from $3.67 billion in Q1FY22. The amount remitted in Q1FY23 is even higher
than that in Q4FY22, where outward remittance under LRS was $5.8 billion.

International travel contributed $2.92 billion of the $6.04 billion remitted under LRS in Q1FY23,
thus constituting almost 48 percent of the money remitted under the LRS scheme and the largest
contribution too.

Maintenance of close relatives formed the second largest segment after international travel, with
Indian remitting just over $1 billion in Q1FY23. Money remitted under the category “gift”
constituted the third largest segment, with India remitting around $770.66 million in Q1.Overseas
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education constituted the fourth largest segment, with $738.42 million remitted in the April – June
quarter.
Learn Along:
Under the Liberalised Remittance Scheme of RBI , all resident individuals, including minors, are allowed to freely
remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or
a combination of both.
80% SMEs expect jump in order books in Q3 as demand revives: ASSOCHAM & D&B



According to Small Business Confidence Index survey released by industry body Associated Chambers
of Commerce and Industry of India (Assocham) and analytics company D&B-the business confidence
of SMEs in India has improved with 80 per cent of enterprises expecting an increase in their
domestic order books in the third quarter of 2022 with pick-up in demand, up 5 percentage points
from the second quarter, resulting in the growth of sales revenue
The index, which measures the level of optimism among SMEs on key business parameters,
reported that small businesses with improved confidence are looking to enhance their capacity
utilisation to 60 per cent in the third quarter & 55 per cent in the second quarter.
However, SMEs’ optimism pertaining to new investments was largely intact with 75 per cent of
respondents in the survey expecting a jump in their fixed capital investment in comparison to 77 per
cent in Q2.
Learn Along:
ASSOCHAM
Headquarters: New Delhi
President : Vineet Agarwal
Banks say NPAs may rise in MSME sector in next 6 months- FICCI-IBA survey

According to a survey provided by the Federation of Indian Chambers of Commerce & Industry
and the Indian Banks’ Association- The pressure on the asset quality of loans to micro small and
medium enterprises (MSMEs) is set to increase, leading to a rise in non-performing assets (NPAs)
in this segment in the next six months.

A total of 25 banks, including the public, private sector, and foreign ones participated in the survey.
These banks together represent about 76 percent of the banking industry, as classified by asset
size.

The survey through these respondents has identified some of the high NPA risk sectors including
aviation, tourism and hospitality, power, and retail trade. Sixty-five percent of the respondent
banks expect NPAs in the MSME sector to increase in the next six months.

More than half of the respondents expect the gross NPA levels to be below eight percent by the end of
December 2022. About 33 percent of the respondents felt that gross NPA levels would be in the
8-9 percent range.

The reason identified by ICRA behind the rising NPAs in the MSME sector in the future is the rising
interest rates and input cost inflation could impact the debt-servicing ability of borrowers in the
financial year 2022-23 (FY23). Those borrowers in the longer-tenor loan segments could see an
increase in their equated monthly installments (EMIs) as the repo rate goes up further. This could
also affect the debt servicing ability of retail/MSME borrowers.
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Learn Along:
FICCI
Headquarters: New Delhi
President: Sanjiv Mehta
IBA
Headquarters: Mumbai
Chairman: Atul Kumar Goel
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.
Bengaluru, Chennai, Hyderabad and Delhi top tech hubs in Asia Pacific after Beijing- Cushman &
Wakefield

In the report Tech Cities: The Global Intersection of Talent and Real Estate published by Cuhsman &
Wakefield, tech markets were identified based on
business environment metrics.

14 criterias across talent, real estate, and
The report has identified Bengaluru, Chennai, Hyderabad, and Delhi as the top technology hubs in
the APAC region after Beijing. Bengaluru leads India with 2,30,813 tech job creation during the
last fiscal, followed by Chennai with 1,12,781, Hyderabad with 1,03,032 and Delhi with 89,996
jobs.
ECLGS helped MSMEs start new trades as well apart from reviving, and scaling businessTransUnion CIBIL

According to the ECLGS Insights report published by the Transunion CIBIL, the average number of
new trades opened per MSME borrower went up by 15 percent compared to only 6 percent for
the eligible borrowers who didn’t avail of the credit scheme.

Among the top beneficiaries, ECLGS helped revive contact-intensive sectors such as mobility and
consumption-dependent sectors like services, traders, and construction, along with laborintensive industries like textile and food processing.

Traders had the highest share of 20.9 percent in the disbursement amount followed by services
businesses (19.2 percent), textiles (8 percent), food processing (5.7 percent), construction (4.1
percent), etc.Sectors with the lowest disbursement share were auto components, hospitality, paper
and paper products, infrastructure, gems and jewellery, etc.

In terms of asset quality, ECLGS was also able to help borrowers manage their asset credit better in
comparison to those who were eligible for the credit scheme but didn’t avail it. The NPA rate for
MSMEs availing of ECLGS was 4.8 percent, lower than 6.1 percent for MSMEs who were eligible
but did not opt for it.

On the supply side, public sector banks processed the highest number of applications with 50 per
cent share followed by 23 per cent share each for private banks and NBFCs. Small finance banks
and regional rural banks, etc., had a combined share of 4 per cent in applications processed. In terms of
borrower type, 83 per cent who availed ECLGS up to March 2022 were micro enterprises while small
businesses and large enterprises were 15 per cent and 2 per cent respectively of the total count.
Cybercrime against women up 28% since 2019, Karnataka's share highest: NCRB
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
According to the data released by National Crime Records Bureau, the number of cybercrime
incidents in 2021 has gone up by 18.4 per cent since 2019, but the number of such cases against
women has risen at a significantly steeper 28 per cent.

The data showed that out of the 52,974 incidents reported in 2021, 10,730 — 20.2 per cent — were
reported as cases of crime against women.

The top five states accounted for 61 per cent share of cybercrimes against women. Karnataka had the
highest share with 2,243 cases in 2021, followed by Maharashtra with 1,697, and Uttar Pradesh
with 958 cases.

In terms of overall cybercrime cases, Telangana accounted for the highest share, as cases
increased 282 per cent from 2,691 in 2019 to 10,303 in 2021. The other four states with the highest
number of cases were Uttar Pradesh (8,829), Karnataka (8,136), Maharashtra (5,562), and Assam
(4,846). However the cybercrime cases declined in Uttar Pradesh and Karnataka.
Learn Along:
The National Crime Records Bureau (NCRB), is an Indian government agency responsible for collecting and
analyzing crime data as defined by the Indian Penal Code and Special and Local Laws. NCRB is headquartered in
New Delhi and is part of the Ministry of Home Affairs, Government of India
Gautam Adani becomes 3rd Richest Person in the World, 1st Indian and Asian to Achieve the Feat
 According to the Bloomberg Billionaires Index ,Adani Group chairPerson Gautam Adani, as his
overall net worth grew to USD 137.4 billion, has become the 3rd Richest Person in the World after
surpassing Microsoft co-founder Bill Gates and LVMH co-founder Bernard Arnault.
 He is the 1st Indian and 1st Asian to achieve this distinction.
 The distinction of becoming the Third Richest Person in the World comes Adani now trails behind Elon
Musk and Jeff Bezos in the Bloomberg Billionaires Index ranking.
Rank
Name
Net Worth
Country
Business
1
2
3
4
5
6
7
8
Elon Musk
Jeff Bezos
Gautam Adani
Bernard Arnault
Bill Gates
Warren Buffett
Larry Page
Sergey Brin
251B
153B
137B
136B
117B
100B
100B
95.8B
United States
United States
India
France
United States
United States
United States
United States
Technology
Technology
Industrial
Consumer
Technology
Diversified
Technology
Technology
9
Steve Ballmer
93.7B
United States
Technology
10
Larry Ellison
93.3B
United States
Technology
11
Mukesh Ambani
91.9B
India
Energy
12
Carlos Slim
71.1B
Mexico
Diversified
13
Zhong Shanshan
70.8B
China
Diversified
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14
15
Francoise
Bettencourt Meyers
Charles Koch
69.3B
France
Consumer
67.7B
United States
Industrial
Learn Along:
 Bloomberg Billionaires Index is a daily ranking of the world’s richest people.
 The agency maintains the net worth of the richest people in the world with detailed calculations and net worth
analysis.
SCIENCE AND TECHNOLOGY
IIT Madras launches ‘Nilekani Centre at AI4Bharat’ to promote Indian language technology
 The Indian Institute of Technology (IIT) Madras launched the ‘Nilekani Centre at AI4Bharat’ to
promote the state of Indian language technology with the intention to create a societal impact.
 This Centre is being supported by Rohini and Nandan Nilekani with a grant of Rs 36 crore through
Nilekani Philanthropies.
 The AI4Bharat was set-up as an initiative of IIT Madras to build open-source language AI for Indian
languages.
AzaadiSAT: ISRO to launch a satellite built by 750 school girls on 7th August
 ISRO will be launching a unique Satellite called AzaadiSAT on 7th August 2022.
 AzaadiSAT is a microsatellite which has been designed, developed and built by 750 girl students
from 75 schools across India.
 The 8 Kg Satellite will be launched into space using the newly developed latest Small Satellite Launch
Vehicle (SSLV) from the Satish Dhawan Space Centre (SDSC) in Sriharikota.
 Along with AzaadiSAT, the SSLV D1 will also carry a 135 kg India’s experimental Earth Observation
Satellites – EOS-02 as payload.
Learn Along:
About ISRO(The Indian Space Research Organisation)
Founded: 15 August 1969
Headquarters: Bengaluru
Founder: Vikram Sarabhai
SPARK: New Virtual Space Museum Launched By ISRO
 The Indian Space Research Organisation has come up with an innovative idea of showcasing
digital content regarding various ISRO missions in an interactive manner.
 The virtual space museum 'SPARK' was launched by ISRO Chairman S Somanath for public use.
 The platform hosts several documents, images & videos related to ISRO launch vehicles,
satellites and scientific missions.
China: Launch of Reusable Spacecraft
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 On August 4, 2022, China launched a reusable experimental spacecraft into orbit from Jiuquan
Satellite Launch Centre, on Long March 2F rocket.
 Spacecraft will be placed into low Earth orbit.
Learn Along:
 Earlier, China had carried the orbital test of a reusable experimental spacecraft in September 2020.
About China
Capital: Beijing
Currency: Renminbi
President: Xi Jinping
Russia launches Iranian satellite into space from Kazakhstan base
 A high-resolution Iranian-owned satellite Khayyam satellite has been launched into space from a
base in Kazakhstan on board a Russian rocket.
 The Khayyam – named after 11th-century Persian polymath Omar Khayyam –was commissioned
by Iran and built by Russia, can hit a much more precise resolution of 1 metre (3.3 feet) and is to
operate at the 500km orbit while weighing about 600kg (1,322 pounds).
Learn Along:
About Iran
Capital: Tehran
About Russia
Capital: Moscow
Currency: Iranian rial
Currency: Russian ruble
President: Ebrahim Raisi
President: Vladimir Putin
India’s first Saline Water Lantern
 Union Minister of State (Independent Charge) Science & Technology Dr Jitendra Singh has
launched India’s first Saline Water Lantern “Roshni” which uses the sea water as the electrolyte
between specially designed electrodes to power the LED lamps.
 It is aimed at achieving energy security, energy access and reducing the carbon footprints of the
national economy.
 Saline Water Lantern will also boost and supplement UJALA scheme.
Learn Along:
About UJALA Scheme
 Unnat Jyoti by Affordable LEDs for All (UJALA) was a project to distribute efficient LED lighting, launched by
Prime Minister of India Narendra Modi on 5 Jan 2015.
 The project is spearheaded by the Energy Efficiency Services Limited.
 In non-subsidized LED lamp distribution projects, this program is considered the world's largest.
 In May 2017, the Government of India announced that they were expanding the LED distribution project to the
United Kingdom.
U.K. authorises Moderna’s Omicron-specific booster
 British health authorities authorised the use of Moderna’s Omicron variant-specific COVID-19
vaccine booster for adults, the first country to do so.
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 The Medicines and Healthcare products Regulatory Agency (MHRA) granted conditional approval to
Moderna’s bivalent vaccine, Spikevax, which combines mRNA sequences that code for the SARSCoV-2 spike protein from both the original and the Omicron BA.1 variant.
Learn Along:
About UK
Capital: London
Currency: Pound sterling
Prime minister: Boris Johnson
Arunachal gets drone-based healthcare services
 The government of Arunachal Pradesh has decided to conduct 'Medicine from the Sky' -a pilot
project of using drones in healthcare, agriculture and disaster management in collaboration with
the World Economic Forum (WEF).
 The pilot project has been funded by the United States Agency for International Development
(USAID) and executed by Bengaluru-based startup Redwing Labs.
Learn Along:
About World Economic Forum
Founded: January 1971
Founder: Klaus Schwab
Headquarters: Cologny, Switzerland
Chairperson: Børge Brende
About USAID
The United States Agency for International Development is an independent agency of the U.S. federal government
that is primarily responsible for administering civilian foreign aid and development assistance .
Founded: 3 November 1961
Founder: John F. Kennedy
Headquarters: Washington,
D.C.,US.
About Arunachal Pradesh
Capital: Itanagar
Chief minister: Pema Khandu
Governor:B. D. Mishra
‘Tomato flu’ detected among children in India, says Lancet
 A new infection tomato flu, or tomato fever, has been detected in India mostly among children
younger than five, according to a report in the Lancet Respiratory Journal.
 The “non-life-threatening” virus was first identified in Kollam district of Kerala on May 6.
Learn Along:
About Tomato Flu
 Similar to other types of influenza, tomato flu is very contagious and children are at an increased risk of
exposure as viral infections are common in this age group and the spread is likely to be through close contact.
 “The ‘tomato flu’ is caused by Coxsackie virus A 16.
 It belongs to Enterovirus family.
India’s 1st Indigenously Developed Hydrogen Fuel Cell Bus Unveiled
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 India’s 1st Indigenously Developed Hydrogen Fuel Cell Bus was unveiled in Pune recently by
MoS Science and Technology, Dr Jitendra Singh on 21st August 2022.
 The Hydrogen Fuel Cell Bus has been developed by KPIT-CSIR in Pune.
 The Indigenously Developed Hydrogen Fuel Cell Bus has been developed as part of National Green
Hydrogen Mission and Atmanirbhar Bharat mission.
Learn Along:
About National Hydrozen Misson
 In his Independence Day speech on August 15, 2021, Hon'ble Prime Minister announced the launch of
National Hydrogen Mission.
 The draft Mission proposes a framework inter-alia for a phased implementation approach, demand creation,
a basket of measures to support production and utilization of Green Hydrogen, support for indigenous
manufacturing, Research & Development, pilot projects, enabling policies and regulations, and infrastructure
development. Both private companies and Public Private Partnership entities are expected to be facilitated by the
measures proposed in the draft Mission.
New species of long-fingered bat discovered in India, Sri Lanka
 An international team of researchers has found a new species of long-fingered bats in India and Sri
Lanka.
 Tharaka Kusuminda of University of Rohana, Sri Lanka led the team and named the new species of
long-fingered bats as Miniopterus phillipsi.
 The name of the species was attributed to W W A Philips (1892-1981), a noted zoologist, in
recognition of his contributions to studies on the mammals of Sri Lanka and South Asia.
 The long-fingered bats belong to the family Miniopterus and are a part of a large group comprising
at least 40 species worldwide.
Synthetic’ embryo with brain and beating heart grown from multiple stem cells
 Researchers have created model embryos from mouse stem cells that form a brain, a beating heart,
and the foundations of all the other organs of the body a new avenue for recreating the first stages of
life.
 To guide the development of their synthetic embryo, the researchers put together cultured stem
cells representing each of the three types of tissue in the right proportions and environment to
promote their growth and communication with each other, eventually self-assembling into an embryo.
 The researchers found that the extraembryonic cells signal to embryonic cells by chemical
signals but also mechanistically, or through touch, guiding the embryo’s development.
Mark Zuckerberg announces launch of new VR headsets in October
 Mark Zuckerberg has announced Meta’s new VR headset (cost around UDS 1,000) that will be out
this October.
 VR headsets will give one the ability to “have kind of eye contact in virtual reality”.
Learn Along:
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About Meta
Meta Platforms, Inc., doing business as Meta and formerly named Facebook, Inc., and TheFacebook, Inc., is an
American multinational technology conglomerate based in Menlo Park, California. The company owns Facebook,
Instagram, and WhatsApp, among other products and services.
Founded: February 2004
Headquarters: California, United States
CEO: Mark Zuckerberg
DEFENCE
Joint Exercise “EX VINBAX 2022”
 The 3rd Edition of Vietnam India Bilateral Army Exercise “Ex VINBAX 2022” is scheduled to be
conducted at Chandimandir from 01 to 20 Aug 2022 which will provide an opportunity to the troops
of India and vietnam to learn about the social and cultural heritage of each other.
 The theme of Ex VINBAX – 2022 is employment and deployment of an Engineer Company.
 Indian Army is being represented by troops from the 105 Engineer Regiment.
INDIAN ARMY LAUNCHES “HIM- DRONE-A-THON”
 The Indian Army in collaboration with the Drone Federation of India has launched the ‘Him Dronea-thon’ programme on 08 August 22.
 This initiative is aimed to catalyse and provide focused opportunities to the Indian drone
ecosystem to develop path-breaking drone capabilities for meeting requirements of frontline troops.
 The ‘Him Drone-a-thon’ programme is pan India sustained connect between all stake holders
including industry, academia, software developers and drone product manufacturers.
Learn Along:
About Indian Army
Founded: 26 January 1950 (as current service) ,1 April 1895 (as British Indian Army)
Chief: General Manoj Pande
IAF to take part in ‘Pitch Black’ in Australia
 The Indian Air Force (IAF) will join 16 other nations, including Quad partners, later this month for
Exercise Pitch Black, the biennial exercise hosted by the Australian Air Force.
 International participation in Ex Pitch Black, from within the Indo-Pacific region and further abroad,
provides all nations’ personnel with experience in working with aircraft, systems and work
practices, in northern Australia’s unique environment.
 The 2020 edition of the exercise was cancelled due to the COVID-19 pandemic.
Learn Along:
About Indian Air Force
Established:8 October 1932
Chief :Air Chief Marshal Vivek Ram Chaudhari
INDIAN AIR FORCE TO PARTICIPATE IN BILATERAL EXERCISE HOSTED BY MALAYSIA
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 A contingent of the Indian Air Force left for Malaysia to participate in a bilateral exercise named
'Udarashakti'.
 Indian Air Force is participating in the air exercise with Su-30 MKI and C-17 aircraft.
 The four days of exercise will witness conduct of various aerial combat drills between the two Air
Forces.
 Ex Udarashakti will fortify the long standing bond of friendship and enhance the avenues of
defence cooperation between the two Air Forces, thereby augmenting security in the region.
Indian and French Navies Exercise in The Atlantic
 INS Tarkash, on its long range overseas deployment, conducted a Maritime Partnership Exercise
(MPX) with French Naval Ships in the North Atlantic Ocean on 29 and 30 July 2022.
 Replenishment at sea was exercised between Tarkash and the French Fleet Tanker FNS Somme.
Learn Along:
About Indian Navy
Founded: 26 January 1950
Chief: Admiral R. Hari Kumar
Indian Navy's All Woman Aircrew Creates History
 On 03 August 2022, five officers of the Indian Navy's INAS 314 based at Naval Air Enclave,
Porbandar, created history by completing the first all-women independent maritime
reconnaissance and surveillance mission in the North Arabian Sea onboard a Dornier 228 aircraft.
 INAS 314 is a frontline Naval Air Squadron based at Porbandar, Gujarat and operates the state-ofthe art Dornier 228 maritime reconnaissance aircraft.
 This first-of-its-kind military flying mission was unique and is expected to pave the way for women
officers in the aviation cadre to assume greater responsibility and aspire for more challenging roles.
DRDO successfully test fires indigenously developed laser-guided ATGMs
 Indigenously developed Laser-Guided Anti-Tank Guided Missiles (ATGM) were successfully testfired from Main Battle Tank (MBT) Arjun by Defence Research and Development Organisation
(DRDO).
 The all-indigenous Laser Guided ATGM employs a tandem High Explosive Anti-Tank (HEAT)
warhead to defeat Explosive Reactive Armour (ERA) protected armoured vehicles.
 The ATGM has been developed with multi-platform launch capability and is currently undergoing
technical evaluation trials from 120 mm rifled gun of MBT Arjun.
Learn Along:
About DRDO(Defence Research and Development Organisation)
Founded: 1958
Headquarters: New Delhi
Chairman: G. Satheesh Reddy
DRDO, Indian Navy test indigenous missile
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 The Defence Research and Development Organisation (DRDO) and the Indian Navy successfully
flight-tested the indigenously developed Vertical Launch Short Range Surface-to-Air Missile (VLSRSAM) from the Integrated Test Range (ITR) at Chandipur off the coast of Odisha.
 The VL-SRSAM, a ship-borne weapon system, is meant for neutralising various aerial threats at
close ranges, including sea-skimming targets.
DRDO Successfully Test-fires Pinaka Extended Range Rocket In Pokharan

Defence Research and Development Organisation (DRDO) carried out the Pinaka extended
range rocket trials at the Pokharan firing ranges in Rajasthan.

The Pinaka rocket has been developed by Defence Research and Development Organisation
(DRDO). However, they are produced by private sector firm. The Pinaka is an Artillery Missile
System capable of striking into enemy territory up to a range of 75 kilometers with high precision.
12th DefExpo to be held in Gandhinagar
 The 12th edition of DefExpo - India’s flagship exhibition on Land, Naval and Homeland Security
systems - will be held in Gandhinagar, Gujarat between October 18-22, 2022.
 The five-day event will witness three business days followed by two public days.
 Live demonstrations showcasing the equipment and skill set of the Armed Forces, DPSUs and
Industry will be held on all five days at Sabarmati River Front through active participation and
synchronized efforts at all levels.
Learn Along:
About Gujarat
Capital: Gandhinagar
Governor: Acharya Devvrat
Chief minister: Bhupendrabhai Patel
Centre extends GAGAN compliance for Boeing 787 planes till Dec 2025



The government has given time till the end of December 2025 for aircraft maker Boeing to ensure its
787 Dreamliners are compliant with the GAGAN navigation system as major design changes will be
required.
GPS Aided Geo Augmented Navigation or GAGAN has been jointly developed by the Indian
Space Research Organisation (ISRO) and the Airports Authority of India (AAI).
Currently, Air India and Vistara operate the wide-body Boeing 787 planes. Air India has around 27 such
aircraft while Vistara has so far taken delivery of two planes.
India’s 1st Composite Indoor Shooting Range Inaugurated at INS Karna


India’s 1st Composite Indoor Shooting Range has been inaugurated at INS Karna. The Shooting
range has been equipped with advanced target systems with associated control software to help
personnel improve their firing skills.
INS Karna is the first in the Navy and the only military unit in the country to develop and
operationalize an indoor shooting range.
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Learn Along:
About INS Karna
Indian Naval Ship (INS) Karna is a dedicated base for Indian Special Operations Forces, MARCOS or Marine
Commandos. MACROs were raised in February 1987 as part of the Indian Marine Special Force (IMSF). INS Karna is
based at the Navy's Eastern Command, Vishakapatnam. On 12 July 2016, the naval base INS Karna was
commissioned near Visakhapatnam as a permanent base for the unit.
PM to commission 1st indigenous aircraft carrier Vikrant
 Prime Minister Narendra Modi on 2 September will commission Vikrant — India’s first indigenouslybuilt aircraft carrier – introducing the country into a select group of nations that can manufacture carriers
with a displacement above 40,000 tonnes.
 The keel-laying of the Vikrant was done in 2009, the ship was first launched in August 2013, the sea
trials began in August 2021, and the ship was delivered in July 2022.
 The Vikrant was designed by the Navy’s Warship Design Bureau and built by the Cochin Shipyard.
 The Vikrant is equipped with 32 Medium Range Surface-to-Air Missiles (MRSAM),loaded with AK 630
rotary canons, which are close-in weapons systems and has the Kavach anti-missile naval decoy
system, which is used to distract laser-guided missiles from their targets.
INDO – US SPECIAL FORCES JOINT EXERCISE CULMINATES AT BAKLOH, HIMACHAL PRADESH
 The 13th Edition of India - USA Joint Special Forces Exercise VAJRA PRAHAR 2022 culminated at
Bakloh (HP) on 28 August 2022.
 This annual exercise is hosted alternatively between India and the United States.
 The 12th edition was conducted at Joint Base Lewis Mc Chord, Washington (USA) in October 2021.
 The exercise was conducted in two phases; the first phase involved combat conditioning and
tactical level special missions training exercises and the second phase included 48 hours of
validation of training received by both contingents in the first phase.
IAF to induct first LCH squadron in October
 The Indian Air Force (IAF) is set to formally raise its first unit of indigenous Light Combat
Helicopters (LCHs) in Jodhpur in the first week of October coinciding with Air Force Day on October
8.
 The IAF operates the older Russian Mi-25 and Mi-35 attack helicopters, of which one squadron has
been phased out following the induction of 22 Boeing AH-64E Apache attack helicopters.
 The existing Mi-35 squadron is in the process of being sent for overhaul which will extend its life by
many years.
Learn Along:
 The LCH is the first dedicated attack helicopter of the Army, which otherwise operates 75 Rudra helicopters,
the weaponised variant of the indigenous Advanced Light Helicopter.
 In March 2022, the Cabinet Committee on Security (CCS) had approved procurement of 15 Limited Series
Production (LSP) variants of the LCH at the cost of ₹3,887 crore along with infrastructure sanctions worth
₹377 crore.
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
Of the 15 helicopters, 10 are for the IAF and five for the Army. The LCH is designed and developed by
Hindustan Aeronautics Limited (HAL).
EVENTS
Shumang Leela, the traditional form of theatre celebrated in All Manipur Shumang Leela Festival
2021-2022
 The 50th All Manipur Shumang Leela Festival 2021-2022 began at Iboyaima Shumang Leela
Shanglen in Imphal.
 Shumang Leela is a traditional form of theatre in Manipur and the roles of female artists are all
played by male actors and male characters are played by female artists in case of female theatre
groups.
Learn Along:
About Manipur
Capital: Imphal
Chief minister: N. Biren Singh
Governor: La. Ganesan
World Breastfeeding Week 2022
 World Breastfeeding Week is celebrated every year across the world from August 1 to August 7.
 It aims to promote breastfeeding and encourage women across the globe to breastfeed their
children for a certain period, at least two years after birth.
 The Theme of world Breastfeeding Week 2022 campaign will be promoted with a #WBW2022.
 The main aim of the theme is to focus on strengthening the capacity of actors that have to protect,
promote and support breastfeeding across different levels of society since they make up the warm chain
of support for breastfeeding.
Ministry of Culture organised “TirangaUtsav”
 The Ministry of Culture organized “TirangaUtsav” to celebrate the contributions of PingaliVenkayya
to the nation on the occasion of his 146th Birth Anniversary in New Delhi on 2nd August.
 The commemorative Postal Stamp in the honor of Pingali Venkayya was released by Shri Amit
Shah during the event.
Learn Along:
 PingaliVenkayya, a freedom fighter and the designer of India’s National Flag was a follower of Gandhian principles,
and it was upon the request of Mahatma Gandhi that he designed the Indian National Flag with saffron, white and
green colors with chakra in the middle.
‘NASHE SE AZADI’ - National Youth and Students Interaction Program
 NashaMukt Bharat Abhiyaan(NMBA) is scheduled to organise ‘Nashe se Azadi’ - National Youth and
Students Interaction Program on 4th August 2022 as part of AzadiKaAmritMahotsav.
Learn Along:
About NashaMukt Bharat Abhiyan
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Launched: 15th August 2020
Ministry: The Ministry of Social Justice and
Empowerment
About The Ministry of Social Justice and Empowerment
Officeholders: A. Narayanaswamy (Minister of State), Ramdas Athawale (Minister of State), Virendra Kumar (Union
Minister)
'Badhe Chalo’ Movement under Azadi ka Amrit Mahotsav begins
 Badhe Chalo’ Movement under Azadi ka Amrit Mahotsav has begun with an objective to instill a
deeper sense of patriotism among the youth.
 'Badhe Chalo' have begun at national level and these ten locations include Lal Chowk in Srinagar,
Ashtley Hall in Dehra Dun, Akashdeep Market in Itanagar, Central Mall in Patna, Telibandha Talab
in Raipur, CMR Mall in Vishakhapatnam, Gaurav Tower in Jaipur, the Maharaja Sayajirao
University of Baroda, Alpha One Mall in Ahmedabad and Keshav Vatika in Kanpur.
 To connect and to bring the youth and people of the country at one platform, Badhe Chalo movement
will feature Flash Dances across 75 cities, where dancers will perform on a specially created ‘Youth
Anthem’.
Learn Along:
 ‘Azadi Ka Amrit Mahotsav’ is an initiative of the Government to celebrate and commemorate 75 years of
progressive India and the glorious history of its people, culture and achievements.
PM Modi Chairs NITI Aayog Governing Council Meeting
 The 7th Governing Council Meeting of NITI Aayog was chaired by Prime Minister Narendra Modi
on 7th August 2022.
 This was the first meeting of NITI Aayog council since July 2019, which was being held on-ground
and in-person at Rashtrapati Bhawan Cultural Centre in New Delhi.
 At the meeting, PM Modi hailed the collaborative efforts put in by state and the central
government to tide over the COVID-19 pandemic.
 At the 7th Governing Council meeting of NITI Aayog, Prime Minister Narendra Modi proposed a unique
3Ts formula to reduce imports and promote consumption of local products.
 The 3Ts formula proposed by PM Modi cover Trade, Tourism, Technology and is aimed at increasing
consumption of locally produced goods while also reducing imports.
Learn Along:
Members of NITI Aayog’s Governing Council
1. Prime Minister of India
2. Chief Ministers of all States and Union Territories with legislature
3. Ex-Officio Members
4. Lt Governors of Union Territories
5. Vice Chairman of NITI Aayog
6. Full-Time Members of NITI Aayog and
7. Special Invitees.
About NITI Aayog
Formed: 1 January 2015
Headquarters: New Delhi
Chairperson: Narendra Modi
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65th Commonwealth Parliamentary Conference in Canada
 An Indian Parliamentary delegation led by Lok Sabha Speaker Om Birla will be attending the 65th
Commonwealth Parliamentary Conference scheduled to be held in Halifax, Canada from August
20-26.
 During the Conference, eight workshops will be held on various subjects.
 The Lok Sabha Speaker will participate as a panelist in the Workshop ‘C’ titled “A People’s
Parliament: Accessibility through Innovation”.
 The Lok Sabha Speaker will also interact with his counterparts from other commonwealth countries to
discuss the matters of mutual interest and parliamentary cooperation.
Learn Along:
About Canada
Prime minister: Justin Trudeau
Capital: Ottawa
Currency: Canadian dollar
IIT Guwahati Hosts Smart India Hackathon 2022 Grand Finale


The Indian Institute of Technology Guwahati successfully hosted the grand finale of Smart India
Hackathon (SIH) 2022. The institute was selected as a nodal centre to facilitate the software edition
of the two-day long SIH 2022 where a total of 25 teams having 178 participants, with most of them
visiting the region for the first time, will be competing against seven problem statements.
IT Guwahati hosted problem statements given by the Department for Promotion of Industry and
Internal Trade (DPIIT), Ministry of Commerce and Industry. Each problem statement had a winning
amount of Rs one lakh.
Learn Along:
Smart India Hackathon 2022 is being conducted in two formats including SIH Software edition and SIH Hardware
edition for higher education students. Since 2017, it is conducted at various nodal centres identified by the Ministry of
Education’s Innovation Cell and All India Council of Technical Education, where selected student teams, industry
representatives, design mentors, and evaluators travel to the assigned physical centres. During the grand finale, the
student team works round the clock under the guidance of mentors and industry /Ministry representatives to produce
the working solution for the selected problem statements.
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.
Ministry of Commerce & Industry
Union Minister: Piyush Goyal
BioAsia’s 20th edition will be hosted by the Telangana government


The 20th edition of BioAsia, the marquee life sciences and health tech event, hosted by the Telangana
government, will be held from February 24 – 26, 2023.
The theme for the event is- Advancing for ONE: Shaping the next generation of humanized
healthcare of BioAsia 2023.
Learn Along:
BioAsia is created with a vision to enhance, enrich and encourage newer innovations, path-breaking discoveries and
effective solutions in the biotechnology industry, by offering a vibrant global platform for convergence of the key
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stakeholders - Biotech &Biopharma Companies, research institutions, academia, investors, service providers,
policymakers, regulators, and analysts. BioAsia is a dynamic platform for companies to exhibit, launch and showcase
their unique strengths, products, and services.
The India Clean Air Summit 2022 begins in Bengaluru on 23rd August 2022

The fourth edition of the India Clean Air Summit(ICAS) began in Bengaluru with global experts set to
discuss an integrated approach to resolving air pollution and climate change. The summit will continue
till August 26.

The summit has been organised by think-tanks Centre for Air Pollution Studies (CAPS) and the
Centre for Study of Science, Technology and Policy (CSTEP). The four-day event will see
policymakers, scientists, technologists and people affected by climate change sharing experiences and
statistics and, hopefully, devise solutions.
Learn Along:
CSTEP established the Centre for Air Pollution Studies (CAPS) envisioning a combination of science-based
knowledge, techno-economic assessment of mitigation options, as well as policy assessment and advocacy on various
aspects of air pollution to reduce its impact on human health and the environment.
The Center for Study of Science, Technology and Policy (CSTEP) is one of India's leading think tanks, with a mission
to enrich policymaking with innovative approaches using science and technology for a sustainable, secure and inclusive
society.
Youth Affairs and Sports Ministry will organize - 'Meet the Champion' initiative
 On the occasion of National Sports Day on 29th August , the Ministry of Youth Affairs and Sports
(MYAS) would be organising the *'Meet The Champion'* initiative in 26 schools across the country.
 'Meet the Champions' is a unique school visit campaign that was kicked off by Olympic Gold
medallist Neeraj Chopra in December last year and has reached various parts of the country over the
past few months.
 Sports Authority of India (SAI) has now expanded the initiative to also include athletes who
participated in the recently concluded Common Wealth Games (CWG) and World Championships.
 Sports Authority of India would also be celebrating this year's National Sports Day, as part of the
FIT INDIA campaign, through pan-India sports events with the theme of “Sports as an enabler for an
inclusive and fit society.”
Learn Along:
Sports Authority of India
Founded: 1984
Headquarters: Delhi, India
8th International Film Festival of Shimla begins at Gaiety Theater,Himachal Pradesh

A three-day 8th edition of the International Film Festival of Shimla has begun at Gaiety Theater, in
, Himachal Pradesh from 27th August 2022.

A total of 86 films will be screened and 50 directors from India and abroad will participate. During the
three days film festival, 27 films in the international category, 34 Indian films, 4 Himachali films, and 15
National Award-winning films will be screened.
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

Films across 17 countries - Canada, America, Lebanon, Spain, Iran, Taiwan, Brazil, Iceland, Singapore,
Mexico, Australia, Greece, Belgium, Denmark, and Russia will be shown. These include documentaries,
animation, features, and short films. A total of 16 National Award Award-winning films received from the
Directorate of Film Festivals, will also be screened at the festival.
A film exhibition organized by the National Film Archives of India, Pune will be displayed at the
venue which will help the audience to enhance their knowledge about the film. Movies will also be
shown for the prisoners at Kanda Model Central Jail, which will also give them an opportunity to get
acquainted with different dimensions of cinema.
Learn Along:
About Himachal Pradesh
Capital: Shimla (Summer),
Dharamshala (Winter)
Chief minister: Jai Ram Thakur
Governor: Rajendra Vishwanath Arlekar
Shri Dharmendra Pradhan to participate in G20 4th Education Working Group Meeting & Education
Ministers’ Meeting in Bali
 Union Education Minister Shri Dharmendra Pradhan will be participating in the G20 4th Education
Working Group Meeting & Education Ministers’ Meeting in Bali.
 India will be sharing best practices towards building a more resilient, inclusive, equitable & sustainable
future through education.
Learn Along:
About Indonesia
Capital :Jakarta (current),Nusantara (2024)
Currency: Indonesian rupiah (Rp) (IDR)
President: Joko Widodo
AWARDS AND REWARDS
DSF institutes first of its kind Dinesh Shahra Lifetime Award for Excellence in Music
 Dinesh Shahra Foundation (DSF) has instituted a first-of-its-kind ‘Dinesh Shahra Lifetime Award’
for Excellence in Music. The initiative is supported by the Indian Arts & Cultural Society.
 The Announcement of this novel recognition was made during a cultural event titled “Mausiqui’ in
Mumbai recently.
 The event ‘Mausiqui’ was a tribute to deceased legends – Pandit Shivkumar Sharma and Lata
Mangeshkar who have made invaluable contributions to Indian music.
Shashi Tharoor honoured with the Highest French Civilian Honour - Chevalier de la Legion d'Honneur
 French Government has decided to bestow the highest French civilian honour - Chevalier de la
Legion d'Honneur to Senior Congress leader and Thiruvananthapuram MP Shashi Tharoor for his
writings and speeches.
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 In 2010, Shashi Tharoor received an honour from the Spanish Government, the ‘Royal and
Distinguished Spanish Order of Charles III’, established by the King of Spain Charles III to reward
people for their actions benefiting the country and the Crown.
Learn Along:
About Chevalier de la Legion d’Honneur
 The Chevalier de la Legion d’Honneur (Knight of the National Order of the French Legion of Honour) was
constituted by Napoleon Bonaparte to recognise outstanding contributions to the recipient’s field of
expertise, regardless of their nationality.
 Chevalier de la Legion d’Honneur was constituted in 1802 as the highest civilian award given by the French
Republic.
 Before Shashi Thaoor, several prominent names from India have been honoured with the French Highest
Civilian Honour Chevalier de la Legion d'Honneur.
 Azim Premji, Amitabh Bachchan, Shah Rukh Khan, and Kiran Mazumdar-Shaw are some of the Indians who
have received it.
About France
Capital: Paris
Prime minister: Élisabeth Borne
President: Emmanuel Macron
Puneeth Rajkumar to be conferred Karnataka Ratna posthumously
 Kannada film star Puneeth Rajkumar, who died last year, will be conferred with the ‘Karnataka Ratna’
award posthumously, on November 1, which is Kannada Rajyotsava, the state’s formation day.
 He will be the 10th recipient of the state’s highest civilian honour.
 The Karnataka Ratna was last awarded to Dr Virendra Heggade for social service in 2009.
 Puneeth’s late father Rajkumar is among the first recipients of Karnataka Ratna award in 1992,
along with poet Kuvempu.
Learn Along:
 Other recipients of the award are S Nijalingappa (Politics), CNR Rao (Science), Dr. Devi Prasad Shetty (Medical),
Bhimsen Joshi (Music), Shivakumara Swamiji (Social Service), and Dr J Javaregowda (Education & Literature).
About Puneeth Rajkumar
 Puneeth, popularly known as ‘Appu’ and ‘power star’ by his fans, made his debut on screen when he was just sixmonths-old and went on to win a national award as a child artiste for the film ‘Bettada Hoovu’.
On Independence Day 2022 ,107 gallantry awards announced
 President Droupadi Murmu has approved 107 gallantry awards to armed forces and CAPF personnel.
 The awards include three Kirti Chakra, 13 Shaurya Chakras, two bar to Sena Medals (gallantry), 81
Sena Medals (gallantry), one Nao Sena Medal (gallantry) and seven Vayu Sena Medals (gallantry).
Kirti Chakra
1. Naik Devendra Pratap Singh
2. Constable Sudip Sarkar (Posthumous)
Shaurya Chakra
1. Major Nitin Dhania
2. Major Amit Dahiya
3. Major Sandeep Kumar
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Kirti Chakra
3. Sub-Inspector Paotinsat Guite
(Posthumous)
Shaurya Chakra
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Major Abhishek Singh
Havildar Ghanshyam
Lance Naik Raghavendra Singh
Sepoy Karnveer Singh (Posthumous)
Gunner Jasbir Singh (Posthumous)
Lieutenant Commander Mrityunjay
Kumar (Indian Navy)
Assistant Commandant Amit Kumar
(CRPF)
Somay Vinayak Munde (IPS), Additional
SP (Maharashtra Police)
Ravindra Kashinath Naetam, Police
Hero (Maharashtra Police)
Tikaram Sampatrao will bite, police
hero (Maharashtra Police)
Coal Minister’s Awards for 2021-22 in Different Categories
 Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi conferred coal
minister’s awards for 2021-22.
 The purpose of the Awards is to create a congenial and competitive spirit to outperform each other.
 The first ever awards of last year were in three categories of safety; production & productivity;
sustainability.
 This year two new additional categories of quality and ERP implementation have been added.
 General Managers of best performing areas are also acknowledged and awarded this year in four
subcategories.
Category
Winner
Safety
Production & Productivity
Mahanadi Coal Fields Ltd (MCL)
Quality
Sustainability
Western Coalfields Limited (WCL)
Implementation of ERP
Northern Coalfields Limited (NCL)
Bangladeshi architect Marina becomes first South Asian to win Lisbon Triennale Lifetime
Achievement Award
 Renowned Bangladeshi architect, researcher and educator Marina Tabassum became the first
person from the global south and first south Asian to win the prestigious Lisbon Triennale
Millennium bcp Lifetime Achievement Award.
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 She won the award for presenting an inspiring example of work with local communities that can
have a positive impact across the globe even under the most adverse conditions.
 She will receive an original artwork by the Portuguese artist and sculptor Carlos Nogueira as award
during the Lisbon Triennale which begins on 29 September in Lisbon, Portugal.
Learn Along:
About Lisbon Triennale Lifetime Achievement Award
 Lisbon Triennale Lifetime Achievement Award is Awarded on the basis of criteria of excellence of the
contribution to architectural and spatial practice.
 The Achievement Award has been bestowed in previous editions upon Vittorio Gregotti (2007), Álvaro Siza
Vieira (2010) and Kenneth Frampton (2013).
About Bangladesh
Capital: Dhaka
Currency: Bangladeshi taka
Prime minister: Sheikh Hasina
Bangladesh-born Fahmida wins Pulitzer
 Bangladeshi-born American illustrator and author Fahmida Azim has been named one of the
members of a 2022 Pulitzer-winning team for illustrated reporting and commentary for their work
in the American online media organisation Insider.
 Fahmida has been awarded for an illustrated report titled “How I Escaped a Chinese Internment
Camp”, which was published by the Insider website on 28 December last year.
Liberty Medal to be awarded to Ukrainian President Zelenskyy
 The 2022 Liberty Medal will be awarded to Ukrainian President Volodymyr Zelenskyy.
 Zelenskyy has also been the recipient of awards such as the Ronald Reagan Freedom Award and
the John F. Kennedy Profile in Courage Award as well as honors from the governments of the Czech
Republic, Latvia, Lithuania, Poland, and Slovakia.
Learn Along:
About Liberty Medal
 The Liberty Medal, established in 1988 to mark the U.S. Constitution’s bicentennial, is presented to individuals
who strive to secure the blessings of liberty for people around the globe.
 Recent recipients have included Supreme Court justices Ruth Bader Ginsburg and Anthony Kennedy, Sen.
John McCain, Rep. John Lewis and Malala Yousafzai.
Former German Chancellor Angela Merkel wins UNESCO Peace Prize 2022

Former German Chancellor Angela Merkel was awarded UNESCO Peace Prize for her ‘efforts to
welcome refugees’. According to the website of the United Nations Educational, Scientific and Cultural
Organization (UNESCO), Merkel was awarded the 2022 Félix Houphout-Boigny-UNESCO Peace Prize
for her “courageous decision in 2015 to welcome more than 1,2 million refugees, notably from Syria,
Iraq, Afghanistan and Eritrea.
Learn Along:
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UNESCO Peace Prize-The honour, which is officially called Felix Houphouet-Boigny-Unesco Peace Prize, is named
after the former president of Ivory Coast. It has been awarded each year since 1989 to individuals, organisations or
institutions that have made a special effort to promote, research or secure peace.
UNESCO
Headquarters: Paris
Director General: Audrey Azoulay
Liberty Medal 2022 will be awarded to Ukrainian President Zelenskyy


The 2022 Liberty Medal will be awarded to Ukrainian President Volodymyr Zelenskyy this time.
The National Constitution Center announced that Zelenskyy will be honored in a ceremony in October for
what it called his heroic defense of liberty in the face of Russian tyranny.
Learn Along:
The Liberty Medal, established in 1988 to mark the U.S. Constitution's bicentennial, is presented to individuals who
strive to secure the blessings of liberty for people around the globe.
APPOINTMENTS
Organization Name
News
Learn Along
Press Information
Bureau
Shri Satyendra Prakash assumed charge as Principal Director
General of Press Information Bureau (PIB).
Formed:1919
World Bank
Auguste Tano Kouame took charge as the World Bank Country
Director for India, replacing Junaid Kamal Ahmad.
President:
David Malpass
Central Vigilance
Commission
Vigilance Commissioner Suresh N. Patel was sworn in as the
Central Vigilance Commissioner (CVC) by President Droupadi
Formed:
February 1964
Murmu at the Rashtrapati Bhavan.
Oil India Limited
Indo-Tibetan Border
Police
BharatPe
CSIR
Ranjit Rath has taken over as the new Chairman and Managing
Director (CMD) of Oil India Limited (OIL).He took charge of the
organization on 2 August.
Founded:
18 February
1959
Director General of Sashastra Seema Bal, SSB Dr. Sujoy Lal Thaosen
took over the additional charge of Director General of IndoTibetan Border Police in New Delhi.
Founded:
Fintech platform BharatPe has appointed former SBI Card CFO
Nalin Negi as its new chief financial officer, as it prepares for its
initial public offering (IPO).
CEO:
Dr Kalaiselvi N has become the 1st Women Director-General of
CSIR.
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1962
Suhail Sameer
Founded
26 September
1942
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August 2022
Organization Name
News
Learn Along
She will take over CSIR from Mr Rajesh Gokhale, Secretary,
Department of Biotechnology who was accorded special additional
charge of CSIR in April.
Uttarakhand state
United Nations
Cricketer Rishabh Pant was appointed as the brand ambassador
of Uttarakhand by Chief Minister Pushkar Singh Dhami in a
programme in New Delhi .
United Nations Secretary-General António Guterres announced
the appointment of Simon Stiell, the former environment minister of
Grenada, as the new executive secretary of the United Nations
Framework Convention on Climate Change (UNFCCC).
He will succeed Patricia Espinosa of Mexico.
Formed:
09 November
2000
Headquarters:
New York,US
Secretary
General:
Antonio Guterres
Founded
24 October 1945
The Bill & Melinda
Gates
Kenya
The Bill & Melinda Gates Foundation announced the appointment
of Indian philanthropist Ashish Dhawan, founder and CEO of
Convergence Foundation, to its board of trustees.
Founded: 2000
Recently Deputy President William Ruto became the Kenya’s
Capital: Nairobi
president.
Headquarters:
Seattle,
Washington,
United States
Currency:
Kenyan shilling
President: Uhuru
Kenyatta
Kuwait
Kuwait has appointed Bader Abdullah Al-Munaikh as its
ambassador to Iran, more than six years after recalling its top envoy
to Tehran.
Capital: Kuwait
City
Currency:
Kuwaiti dinar
PM:Ahmad
Nawaf Al-Ahmad
Al-Sabah
Paytm
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Organization Name
United Kingdom
Disney+ Hotstar
News
Learn Along
Shareholders of One97 Communications, which operates under the
Paytm brand, have approved the re-appointment of Vijay Shekhar
Sharma as managing director and chief executive officer of the
company.
Founded: August
2010
Indian diplomat Vikram K Doraiswami has been appointed as the
next High Commissioner of India to the United Kingdom.
Disney’s international content and operations group has announced
the appointment of Sajith Sivanandan as executive vicepresident and head of Disney+ Hotstar, that its video streaming
service is known as in India and other Asian markets.
Prime minister:
Boris Johnson
Launched
11 February
2015 (as Hotstar)
3 April 2020 (as
Disney+ Hotstar)
Former Chief Economic Adviser Krishnamurthy Subramanian is
appointed as Executive Director (India) at the International Monetary
IMF
Fund.
Subramanian is currently Professor (Finance), Indian School of
Business.
Samir V Kamat is appointed as Secretary of the Department of
Defence Research and Development and Chairman of the Defence
Research and Development Organisation (DRDO).
DRDO
Indian Cricket Team
DreamSetGo
Kamat, who is Director General, Naval Systems & Materials, at the
DRDO will succeed G Satheesh Reddy who has been named as
scientific adviser to the defence minister
The NCA chief VVS Laxman has been appointed as the interim head
coach of the Indian cricket team for the upcoming ACC Asia Cup
2022 .
DreamSetGo, India’s first premium sports experiences and travel
platform,
announced Sourav Ganguly as its first brand
ambassador.
IMF
Headquarters:
Washington,
United States
MD: Kristalina
Georgieva
DRDO
Headquarters:
New Delhi
Agency
Executive:
Sameer V Kamat
DreamSetGo
Headquarters:
Mumbai
Chief Business
Officer: Monish
Shah
Indian financial services firm SBICAP Securities, a unit of SBI Capital
Markets and part of the government-owned State Bank Group, named
Deepak Kumar Lalla as its managing director and chief executive,
replacing Naresh Yadav.
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SBI
Headquarters:
Mumbai
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August 2022
Organization Name
News
SBI Securities
Chairperson:
Dinesh Kumar
Khara
IDFC appointed Mahendra N Shah as the bank's managing director
& will replace Sunil Kakar with effect from 1 October 2022.
IDFC
Supreme Court
Learn Along
Mahendra N Shah was the group company secretary & group chief
compliance officer of IDFC First Bank and has been the group head governance, compliance & secretarial and senior advisor of taxation at
IDFC for more than a decade.
IDFC First Bank
Headquarters:
Mumbai
MD &CEO: V.
Vaidyanathan
Justice Uday Umesh Lalit has sworn in as the 49th Chief Justice of
India today succeeding Justice NV Ramana.President Droupadi
Murmu administered the oath of office of the Chief Justice of India to
Justice Lalit.
Supreme Court
The All India Chess Federation (AICF) appointed Vipnesh
Bharadwaj as its interim secretary after the Delhi High Court reiterated
its order of removing former chief Bharat Singh Chauhan.
AICF
AICF
Founded: 8
January 1950,
New Delhi
Headquarters:
Chennai
President:
Sanjay Kapoor
RBL Bank
Mali
RBL Bank, has augmented its Board strength with the appointment of
two eminent members as non-executive directors - Gopal Jain,
Managing Partner at Gaja Capital, and Dr. Sivakumar Gopalan, an
accomplished Researcher with over three decades of experience
across various aspects of technology.
In Mali, the military has appointed a Colonel Abdoulaye Maiga as
interim Prime Minister after the country's civilian Prime Minister
Choguel Kokalla Maiga was admitted to hospital.
Before this appointment, Colonel Maiga was working as a
Government
Spokesman
and
Minister
of
Territorial
Administration and Decentralisation.
Papua New Guinea
Papua New Guinea’s Parliament has returned Prime Minister
James Marape second time to power in the country.
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RBL Bank
Headquarters:
Mumbai
MD & CEO: R
Subramaniakum
ar
Capital: Bamako
Currency: West
African CFA
franc
About Papua
New Guinea
Capital: Port
Moresby
Monthly BeePedia
August 2022
Organization Name
News
Learn Along
Currency: Papua
New Guinean
kina
About Kenya
Kenya
Recently Deputy President William Ruto became the Kenya’s
president.
Capital: Nairobi
Currency:
Kenyan shilling
President: Uhuru
Kenyatta
IMPORTANT DAYS
Day/Week
Observance
6 August
Hiroshima Day
Significance
Hiroshima Day is observed on August 6 every year.
It aims to promote peace politics against war.
8 AUGUST
Quit India Movement
Day
Quit India Movement Day is observed on 8 August which is also
known as August Kranti.
The Quit India Movement is also known as August Kranti or August
Movement.
On 8 August 1942, the Bharat Chhodo Andolan or Quit India
movement was launched by Mahatma Gandhi and gave a call 'do or
die'.
9 August
International Day of the
World’s Indigenous
Peoples
This year, the theme is ‘The Role of Indigenous Women in the
Preservation and Transmission of Traditional Knowledge"
The theme of World Biofuel Day for the year 2022 hasn’t been
announced yet.
10 August
World Biofuel Day
The theme for the previous year was “the promotion of biofuels
for a better environment.”
World Lion Day
World Lion Day is observed globally on August 10 every year to
raise awareness about the conservation of lions and highlight the
plight faced by them.
The day was established in 2013 by Dereck and Beverly Joubert.
12th August
World Elephant Day
This day was first observed in the year 2012 by two Canadian
filmmakers Patricia Sims and Michael Clark along with the
Thailand-based Elephant Reintroduction Foundation.
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13 August
International Youth Day
The theme for 2022’s edition of International Youth Day is
“Intergenerational solidarity: creating a world for all ages.”
World Organ Donation
Day
This day is aimed at spreading awareness about organ donations
and also looks to debunk various misconceptions that are associated
with donating organs.
India has its own organ donation day - November 27
20 August
Sandbhavana Diwas or
Harmony Day
World Mosquito Day
The birth anniversary of India’s sixth prime minister Rajiv
Gandhi is observed as Sandbhavana Diwas or Harmony Day
every year on August 20 in the country.
World Mosquito Day 2022 is observed on 20 August to mark the
historic discovery by British doctor Sir Ronald Ross in 1897 that
malaria is transmitted between humans by female Anopheles
mosquitoes.
The theme for World Malaria Day 2022 is "Harness innovation to
reduce the malaria disease burden and save lives."
21 August
23 Aug- 01
World Senior Citizens’
Day
World Water Week
Sep
The day is observed with the intent to highlight the contributions
of elderly people in human society and honour them.
World Water Week is an international, week-long, global conference
that takes place in late August or early September, in Stockholm.
This year, World Water Week started on August 23 and will
continue till September 1.
The theme for World Water Week 2022 is “Seeing the Unseen: The
Value of Water.”
26th August
Women’s Equality Day
Women's Equality Day is celebrated in the United States on August
26 to commemorate the 1920 adoption of the Nineteenth
Amendment to the United States Constitution, which prohibits the
states and the federal government from denying the right to vote to
citizens of the United States on the basis of sex.
In 2022, the theme for Women's Equality Day - Hard Won, Not Done
29 August
National Sports Day
National Sports Day is celebrated in India every year on August
29 to honor and celebrate the birth anniversary of Major Dhyan
Chand, the hockey wizard of India.
National Sports Day was first observed in 2012 as a tribute to
Hockey Wizard. Major Dhyan Chand was born on August 29, 1905.
30 August
National Small Industry
Day
National Small Industry Day is observed every year in India on
August 30 to recognize the significance of and the contribution
of the small industries in India.
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National Small Industry Day 2022 aims at encouraging the
development and growth of small-scale businesses.
OBITUARIES
Name of Person
Field
Points to Remember
Bill Russell
Sports
NBA great Bill Russell, the cornerstone of a Boston Celtics
dynasty that won 11 titles and a powerful voice for social justice,
passed away at the age of 88.
Nirmala Mishra
Singer
Renowned Bengali singer Nirmala Mishra recently died.She
was was 81.
Johnny Famechon
Boxing
Former boxing world champion Johnny Famechon has died in
Melbourne. He was 77.
Narendra Thapa
Football Player
Narendra Thapa, one of the biggest names of Indian football in
the 1980s, passed away.
Pradeep
Patwardhan
Actor
Veteran Marathi actor Pradeep Patwardhan passed away at
Girgaon in Mumbai. He breathed his last at the age of 52.
Rudi Koertzen
International umpire
Former South African international Umpire Rudi Koertzen was
killed in a car crash on Tuesday morning. He was 73.
Shivamogga
Subbanna
Rakesh
Jhunjhunwala
Singer
Billionaire stock
investor
National award-winning Sugama Sangeetha singer Shivamogga
Subbanna passed away in Bengaluru following a cardiac arrest. He
was 83.
Billionaire stock investor and an early backer of the latest entrant
to India’s aviation sector Akasa Air, Rakesh Jhunjhunwala ,
passed away in Mumbai.He was 62.
With an estimated net worth of $5.8 billion, Forbes had ranked
him as India’s 36th richest individual.
Abhijit Sen
Eminent Economist
Abhijit Sen, former Member of the Planning Commission, former
Chairman of the Commission for Agricultural Costs and Prices and
eminent economist, died recently.
Mikhail Gorbachev
Last leader of the
Soviet Union
Mikhail Gorbachev, who ended the Cold War and was the last
leader of the Soviet Union, has died at the age of 91.
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Amitabh
Chaudhary
Former BCCI acting
secretary
Amitabh Chaudhary, the former BCCI acting secretary and
president of Jharkhand State Cricket Association (JSCA), died. He
was 62.
He also served as a BCCI joint-secretary and was an
administrative manager with the Indian team on a few
occasions.
Uma Pemmaraju
Syed Sibtey Razi
Nayyara Noor
Journalist
Former Governor of
Jharkhand
Indian American Journalist And Emmy Award Winner, Uma
Pemmaraju Emmy Award Winner, Uma Pemmaraju, Dies At 64
Former Governor of Jharkhand, Syed Sibtey Razi passed
away in Lucknow.
He served as the Governor of Jharkhand from the year 20042009.
Singer
Celebrated Pakistani singer Nayyara Noor, passed away. She
was 71.
Abdul Gaffar
Nadiadwala
Filmmaker
Veteran filmmaker Abdul Gaffar Nadiadwala died due to cardiac
arrest. He was 91.
Madhav Buchi
Prakash
Businessman
Madhav Buchi Prakash (72), great grandson of M. Buchi Babu
(considered the father of South Indian cricket), passed away.
Madhav, a businessman, also played squash, tennis and golf.
BOOKS
Book Title
Author/s
About the book
Lockdown Lyrics
Sanjukta Dash
Chief Minister Naveen Patnaik released a book titled
‘Lockdown Lyrics’, a collection of poems authored by
Sanjukta Dash.
“Lion of the Skies:
Hardit Singh Malik,
the Royal Air Force
and the First World
Stephen Barker
A new book titled “Lion of the Skies: Hardit Singh Malik, the
Royal Air Force and the First World War” have been released.
War”
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“Dangerous Earth:
Ellen Prager
In the book, the author seeks to respond to the most
compelling question: Why can’t we better predict the natural
disasters?
K.R.A. Narasiah
Author and historian K.R.A. Narasiah’s autobiography
Through The Rear View Mirror was launched by former West
Bengal Governor Gopalkrishna Gandhi.
What we wish we
knew about
volcanoes,
hurricanes, climate
change,
earthquakes and
more”.
Through The Rear
View Mirror
'Odisha Chapter of
Modi @ 20:
---
Dreams Meet
Delivery'
‘Rusty skies and
Sannidhya Sharma
Golden Winds’
Home Minister Amit Shah Released the book titled 'Odisha
Chapter of Modi @ 20: Dreams Meet Delivery' in
Bhubaneswar.
Union Minister of State, science & Technology and Earth
sciences and MoS in PMO, Dr. Jitendra Singh, launched a
poetry book titled ‘Rusty skies and Golden Winds’ written
by 11 years old Sannidhya Sharma, student of class 7th.
‘Fish & Seafood -a
collection of 75
---
Union Minister of Fisheries and Animal Husbandry Shri
Parshottam Rupala launched a unique coffee table book
titled ‘Fish & Seafood -a collection of 75 gourmet recipes’.
gourmet recipes’
BRAVO YADAV
Putin: His Life and
Deepak Singh
Philip Short
Times
‘Indians at Herod’s
Navtej Sharma
Gate’
Men of Steel
---
The biography of Kargil Hero Yogendra Singh Yadav,
India's Youngest Param Vir Chakra Recipient, honors the
brave and indomitable spirit of the soldiers who refused to
surrender before adversities in the Kargil War, in 1999.
Philip Short's magisterial biography explores in
unprecedented depth the personality of its enigmatic and
ruthless leader and demolishes many of our
preconceptions about Putin's Russia.
Israeli President Isaac Herzog unveiled the Hebrew
translation of the book ‘Indians at Herod’s Gate’ written by
the former Ambassador of India to the US, UK and Israel
Navtej Sarna.
Men of Steel, a book about military leadership by the head
of the Indian Army, was published.
The book “Men of Steel” is a compilation of essays that
evaluate military leadership and offer categorical
suggestions to maintain the military’s efficacy and culture.
Science behind
Suryanamaskar
---
Minister of State for Ayush and Minister of State for Women
and Child Development Dr. Munjpara Mahendrabhai
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Kalubhai released a book titled “Science behind
Suryanamaskar”, a collection of evidence-based research on
one of the most well-known Yoga Asanas at All India Institute of
Ayurveda.
Free Fall: My
Experiments with
Living
Mallika Sarabhai
“Free Fall: My Experiments with Living” is an upcoming selfhelp memoir of Acclaimed classical dancer and activist
Mallika Sarabhai.
The book is about “coming to terms with yourself, your body
and finding the lifestyle that works for you”.
It is published by Speaking Tiger.
SPORTS
James Anderson becomes most successful pacer in international cricket
 England's James Anderson became the first-ever fast bowler to complete 950 wickets in
international cricket.
 He attained the historic feat on Day 3 of the second Test against South Africa.
 Anderson broke the record of Australia's Glenn McGrath, who finished with 949 wickets across
formats.
 Anderson remains the only cricketer besides Tendulkar to feature in over 170 Tests.
Serena Williams announces her retirement from tennis
 Tennis legend Serena Williams announced her retirement.
 Serena Williams has won an Open era record of 23 grand slam singles titles, earning a total of
$94,588,910 in prize money.
 Serena Williams fell short of the all-time record of 24, set by Margaret Court.
Ireland all rounder Kevin o’Brien retires
 Ireland all-rounder Kevin O’Brien announced his retirement from international cricket.
 O’Brien holds the record for the fastest ICC Men’s Cricket World Cup century in 2011 against England
in Bangalore.
Max Verstappen wins the Hungarian Grand Prix
 Max Verstappen won the Hungarian Grand Prix on the Formula One world championship.
 The Red Bull world champion registered his eighth win of the season and 28th of his career ahead
of Mercedes duo, Lewis Hamilton and pole-sitter George Russell.
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4th ONGC Para Games 2022
 Union Minister of Petroleum and Natural Gas and Housing and Urban Affairs Shri Hardeep Singh
Puri inaugurated the fourth ONGC Para Games in Thyagaraj Sports Complex in New Delhi.

275 Persons with Disabilities (PwD) – employees of eight central oil and gas public enterprises - are
participating in the 4th ONGC Para Games, being organized by Oil and Natural Gas Corporation Limited
(ONGC) during 2-4 August 2022.
Learn Along:
 ONGC conceptualized and started this Para Games in 2017, to mainstream the especially-abled persons on their
rolls.
 To widen the scope of the games, ONGC roped in athletes from IOCL, BPCL, HPCL, EIL, OIL and GAIL to be
part of the grand 3rd edition of ONGC Para Games at Gandhinagar.
 In this current 4th edition, apart from the 192 ONGCians, seven other Public enterprises are participating viz.
IOCL (21), GAIL (15), BPCL (13), MRPL (11), EIL (9), OIL (8) and HPCL (6).
 ONGC organizes the Para Games on an international format from its very first edition in 2017 with the help of the
Paralympic Committee of India, where 120 ONGC PwD employees participated in games like athletics, badminton,
table tennis and wheelchair race.
About ONGC:
Founded: 14 August 1956
Headquarters: New Delhi
Full Indian medals tally, Commonwealth Games 2022
 The 2022 Commonwealth Games, commonly known as Birmingham 2022, was an international multisport event for members of the Commonwealth of Nations took place in Birmingham, England from
28 July to 8 August 2022.
 Anahat Singh a Grade 9 student who plays squash and when it comes to the Indian contingent at
the 2022 Commonwealth Games, Anahat was the youngest participant in this edition.
 India’s Commonwealth Games 2022 medals tally rose to 60 with 22 gold medals from Sharath Kamal
(Table Tennis men’s singles), Satwik Rankireddy-Chirag Shetty (Badminton men’s doubles), P. V. Sindhu
(Badminton singles), Lakshya Sen (Badminton singles gold) on the last day in Birmingham on 08th August
2022.
 India won 61 medals in the overall Commonwealth Games 2022 medal table.
 India finished its CWG 2022 campaign as the fourth-best country on the medals table.
 India’s Commonwealth Games 2022 campaign 22 gold medals, 16 silver and 23 bronze is its fifthbest in terms of the number of medals won.
 India’s best finish was at its home games in Delhi in 2010, where it won 101 medals.
Sports
Gold
Silver
Bronze
Total
Athletics
1
4
3
8
Badminton
3
1
2
6
Boxing
3
1
3
7
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Cricket
0
1
0
1
Cycling
0
0
0
0
Gymnastics
0
0
0
0
Hockey
0
1
1
2
Judo
0
2
1
3
Lawn bowls
1
1
0
2
Para powerlifting
1
0
0
1
Squash
0
0
2
2
Swimming
0
0
0
0
Table tennis
4
1
2
7
Triathlon
0
0
0
0
Weightlifting
3
3
4
10
Wrestling
6
1
5
12
TOTAL
22
16
23
61
Top 5 Countries
Sports
Gold
Silver
Bronze
Total
Australia
66
57
54
177
England
56
64
53
173
Canada
26
32
34
92
India
22
16
23
61
New Zealand
20
12
17
49
India Chess Legend Viswanathan Anand Becomes FIDE Deputy President
 Indian chess legend Viswanathan Anand was elected deputy president of FIDE, the sport’s world
governing body, while incumbent president Arkady Dvorkovich was re-elected for a second term.
Learn Along:
About FIDE(The International Chess Federation)
Founded: 20 July 1924
Headquarters: Lausanne, Switzerland
President: Arkady Dvorkovich
Prabath Jayasuriya and Emma Lamb win ICC Player of the Month Awards for July 2022
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 The International Cricket Council (ICC) has announced Sri Lankan spin sensation Prabath Jayasuriya
and England batting all-rounder Emma Lamb as the winners of its Player of the Month awards for
July 2022.
Learn Along:
About ICC
Founded: 15 June 1909
Headquarters: Dubai, United Arab Emirates
Chairman: Greg Barclay
AIFF Footballer of Year(2021-22)
Category
winner
Women’s Footballer of the Year
Manisha Kalyan
Men’s Footballer of the Year
Sunil Chhetri
Women’s Emerging Footballer of the Year
Martina Thokchom
Men’s Emerging Footballer of the Year
Vikram Partap Singh
Best Referee of the Year
Crystal John
Best Assistant Referee of the Year
Ujjal Halder
Learn Along:
About AIFF
Founded: 23 June 1937
Headquarters: Delhi
Former West Indies player Kieron Pollard 1st to play 600 T20 matches
 Former West Indies all-rounder Kieron Pollard became the first cricketer to play 600 T20 matches.
 He achieved this landmark during his side's London Spirit's match against Manchester Originals
during ongoing The Hundred tournament at Lord's.
 Behind him are players Dwayne Bravo (543 matches), Shoaib Malik (472), Chris Gayle (463) and Ravi
Bopara (426).
Women’s IPL likely in March 2023
 The Board of Control for Cricket in India (BCCI) is to organize the first-ever edition of women’s
Indian Premier League (IPL) in March 2023.
 Since 2018, BCCI has been organising the Women’s T20 Challenge.
Major Dhyanchand Stadium to Host Phase 1 of 1st Khelo India Women's Hockey League U-16
 Following the success of the Khelo India Women’s Hockey League (U-21), a similar league for U-16
girls is scheduled to start on August 16 at the Major Dhyanchand stadium in the national capital.
 Phase 1 of the 1st Khelo India Women’s Hockey League (U-16) is scheduled from August 16 to 23.
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 The Sports Authority of India has allocated a total of Rs 53.72 lakh for 3 phases of the competition,
which includes Prize money of Rs 15.5 lakh.
Learn Along:
About Sports Authority of India
Founded: 1984
Headquarters: New Delhi
Meghalaya to host 2nd NE Olympic Games
 Meghalaya will host the second edition of the North East Olympic Games, 2022 at Shillong from 30
October to 6 November this year.
 The Games will feature 18 Olympic sports disciplines-archery, athletics, badminton, basketball,
boxing, football, judo, karate, shooting, swimming, table tennis, taekwondo, tennis, wushu,
cycling, golf, weightlifting and wrestling.
Duleep Trophy to be held in Tamil Nadu
 The Duleep Trophy will be held in Chennai, Coimbatore and Salem.
 The competition will be held between Sept. 8 and 25.
 This year’s Duleep Trophy will be played in the traditional inter-zonal format, discarding the ludicrous
competition between assorted teams, and has generated considerable interest.
Bengaluru to host U18 women basketball event
 The International Basketball Federation FIBA is scheduled to host the FIBA U18 Women’s Asian
Championship at Sree Kanteerva and Koramangala Indoor stadiums in Bengaluru from September 5
to 11.
 The countries in Division A are: China, Indonesia, India, Japan, Korea, Chinese, Taipei, Australia and
New Zealand. In Division B are: Hong Kong, Jordan, Malaysia, Maldives, Mongolia, Philippines,
Samoa and Thailand.
 Division A will be held at Kanteerva Indoor Stadium and Division B at Koramangala Indoor Stadium.
 The FIBA U19 Women’s World Cup, is scheduled to be held in Madrid, Spain, in July 2023.
Learn Along:
About FIBA
Founded: 18 June 1932
Headquarters: Mies, Switzerland
Secretary General: Andreas Zagklis
President: Hamane Niang
Antim Panghal becomes India’s First-Ever U-20 World Wrestling Champion
 Antim Panghal, a 17-year-old wrestler from Haryana created history by being crowned as India’s
First-Ever U-20 World Wrestling Champion.
 She defeated Kazakhstan's Atlyn Shagayeva in a match.
 The U-20 World Wrestling Championship was being held in Sofia, Bulgaria.
 India wins 14 Medals at U-20 World Wrestling Championship.
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 India Women’s Wrestling Team managed to finish 2nd on the medals tally while the Men’s Freestyle
Team event secured the 2nd spot on the list.
 Before 2022, India’s earlier best campaign at the U-20 World Wrestling Championship came in 2011
when India won two gold and one bronze medal.
This Year’s Medals Tally
Event
Gold
Silver
Bronze
Women’s
1
3
3
Men’s Freestyle
1
0
6
Men’s Greco-
0
0
2
Wrestling
Roman
First Khelo India Women’s Judo Tournament starts from 27th August,2022

The first Khelo India Women’s Judo Tournament will start from 27 of this month. The tournament will
be held across four zones in the country. The national round will be held from 20th to 23rd October
of this year at the KD Jadhav Indoor Stadium in New Delhi.

The Department of Sports of Ministry of Youth Affairs and Sports has allocated 1.74 crore rupees for
the conduct of the tournament. The competitors from four age groups will compete during the
tournament.
Audi to enter Formula One in 2026 as power unit manufacturer



German manufacturer Audi will enter Formula One in 2026 in line with new engine regulations. It has
officially been registered Power Unit (PU) Formula One manufacturer and will start racing in F1 from
2026.
Audi will manufacture its own power unit in an era when there will be a greater emphasis on sustainable
fuels and an increased electrical component in engines.
From 2026, the electric power output for the power units, consisting of an electric motor, battery,
control electronics, and a combustion engine, will increase. The electric motor will then be nearly as
powerful as the combustion engine and the highly efficient 1.6-liter turbo engines will run on advanced
sustainable fuel.
Learn Along:
Audi
Headquarters: Ingolstadt, Germany
CEO: Markus Duesmann
Neeraj Chopra creates history, Wins Lausanne Diamond League Meet title in the Javelin throw
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
Tokyo Olympics gold medallist Neeraj Chopra won the javelin throw competition at the Lausanne
Diamond League with a best throw of 89.08 meters. Neeraj has now become the first Indian to clinch
the prestigious Diamond League Meet title.

Neeraj has thus qualified for the Diamond League Finals, which will take place in Zurich, Switzerland from
September 7 and 8. He has also now qualified for the 2023 World Championships.
Grandmaster Arjun Erigaisi wins 28th Abu Dhabi Masters

Indian Grandmaster Arjun Erigaisi clinched the 28th Abu Dhabi Masters chess tournament, beating
Spain's David Anton Guijjaro.

Arjun also remained unbeaten through the nine rounds and finished half-a-point ahead of Uzbekistan's
Javokhir Sindarov.
The 18-year-old emerged victorious over the Spaniard in the ninth and final round with 7.5 points.

Linthoi Chanambam Wins India's First-ever Gold Medal at Judo World Championships
 Linthoi Chanambam scripted history by winning India’s first-ever medal in Judo World
Championships with a gold in the Women’s 57kg category at the World Judo Cadet (U18)
Championships.
 The 15-year-old judoka outclassed Brazil’s Bianca Reis in the 57-kg category final.
 She became the first Indian judoka to win a medal at any age-group category of the World
Championships.
Indian men's volleyball team wins bronze in Asian U-18 C'ship
 India defeated South Korea to finish third and claim the bronze medal in the 2022 Asian Boys' U18
Volleyball Championship.
 Japan, Iran, India and South Korea, who finished in the top four in this order, also qualified for the
2023 FIVB Volleyball Boys' U19 World Championship as the Asian Volleyball Confederation (AVC)
representatives.
Virat Kohli Becomes 1st Indian to Play 100 Matches in Each Format of International Cricket
 Virat Kohli has become the first Indian and just the second player overall in international cricket
history to have played 100 matches each in all three formats of the game.
 Virat Kohli has now 100 T20Is to his name in addition to 102 Tests and 262 ODIs since making his
international debut in August 2008.
 The first man to do so was New Zealand batter Ross Taylor who retired from international cricket in
April this year.
BWF World Championships:
 Denmark's Viktor Axelsen clinched the men's singles title at the 2022 BWF World Championships
after beating Thailand's Kunlavut Vitidsarn in the final.
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 Axelsen now simultaneously holds the Olympic, World Championships, BWF World Tour Finals,
and the last three Super 1000 titles.
 He also claimed the world title in Glasgow in 2017.
Sources of the News:
The Hindu,The Indian Express,Business Standard, The Financial Express ,PIB, etc.
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