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Current Affairs 1 August 2022

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NATIONAL AFFAIRS

PM Narendra Modi Visit to Gujarat and Tamil Nadu – On July 28-29, 2022PM Modi visits Gujarat and Tamil Nadu on July 28 and July 29

Prime Minister (PM) Narendra Modi visited Gujarat and Tamil Nadu on July 28 and 29, 2022. During his visit, he inaugurated and laid the foundation stones for numerous Sabar Dairy projects in Gujarat, including Gadhoda Chowki and Sabarkantha, and then travelled to Chennai to declare open the 44th Chess Olympiad 2022 at the Jawaharlal Nehru (JLN) Indoor Stadium in Chennai, Tamil Nadu (TN).
On July 28, 2022, PM Narendra Modi inaugurated and laid the foundation stone for a number of projects totaling more than Rs. 1,000 crores at Sabar Dairy in Gadhoda Chowki, Sabarkantha, Gujarat. Bhupendra Rajnikant Patel, CM of Gujarat, was also present during the occasion.

  • Sabar Dairy is a part of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which produces and sells milk and milk products under the Amul brand.

On July 28, PM Narendra Modi inaugurated the 44th Chess Olympiad 2022 at the Jawaharlal Nehru (JLN) Indoor Stadium in Chennai, Tamil Nadu, (TN).

  • The 44th Chess Olympiad 2022 is being held in Chennai from July 28 to August 9, 2022, at a hotel in Mamalapuram (Mahabalipuram), TN.

About Gujarat:
Chief Minister – Bhupendra Rajnikant Patel
Zoological Park – Sakkarbaug zoo, Junagadh; Dr. Shyamaprasad Mukherjee Zoological Garden (Sarthana Nature Park), Surat
>> Read Full News

NSO Develops Three Labour Indicators, says 15% Of 60+ Employed People Worked Part Time in 2017-20NSO develops three labour indicators, says 15% of 60+

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), in its Working Paper on Compilation of Labour Indicators of the Minimum Set of Gender Indicators to develop a methodology for compiling three labour indicators, reported that between 2017 and 2020, the proportion of employed people working part-time in the 46–59 years age group across all of India was greater than 10%, while the proportion was greater than 15% in the above 60 age group.
Key Parameters
The National Statistical Office (NSO) developed three labour indicators based on Periodic Labour Force Survey (PLFS) data available in “Person level data of first visit schedule”: “Proportion of Employed who are Employer, by sex” and “Employment Rate of persons age 25-49 living in a household with at least one child under age 3 years and with no children under age 3 years living in the household, by sex”

  • These indicators are managed by the International Labour Organization (ILO).
  • It has considered part-time employed workers as the proportion of those working less than 30 hours a week.

Key Points:
i. The NSO in its Working Paper noted that in India, the proportion of employed persons working part time is higher among females than males regardless of the age categories.
ii.According to the paper, Employment Rate of Employed Worker in the 26 – 49 years age group, living in households without children under the age of 3 years increased from 58.37 % in FY18 to 61.2 % in FY20. (FY- Financial year)

  • It also indicated that for 2017-18, 2018-19, and 2019-20, the proportion of employed persons who are employers was estimated to be 1.91%, 2.17%, and 2.02%, respectively.

iii. It also stated that policymakers in developed nations have encouraged part-time employment in an effort to redistribute working time in nations with high unemployment rates, thereby lowering politically sensitive unemployment rates without necessitating an increase in the total number of hours worked.

Point 5140 at Dras sector named as Gun Hill to mark victory of Operation VijayPoint 5140 at Dras sector named as Gun Hill

Point 5140 at Dras, in Kargil sector was renamed as “Gun Hill” to commemorate the victory of Indian Armed Forces (IAF) and pay tribute to the sacrifice of the war heroes in “Operation Vijay 1999”.
Key Points:
i.On behalf of the Regiment of Artillery of the Indian Army, a wreath was laid by Lieutenant General TK Chawla, Director General of Artillery at Kargil War Memorial, Dras with Veteran Gunners of the Operation Vijay.

  • Lieutenant General Anindya Sengupta, General Officer Commanding, Fire & Fury Corps also laid a wreath on the solemn occasion.

ii.The ceremony was conducted in the presence of Veterans from all Artillery Regiments of the Army, which got the honour title “KARGIL” in Operation Vijay.

About Point 5140

The task of capturing Point 5140, a strategically important mountain peak in the Dras sector, was assigned to 13 JAK Rif(Jammu & Kashmir Rifles) under the command of Lieutenant Colonel Yogesh Kumar Joshi on 17 June 1999.

  • Operation Vijay in 1999 :- The Kargil War, also known as the Kargil conflict was an armed conflict fought between India and Pakistan from May to July 1999 in the Kargil district of Jammu and Kashmir and elsewhere along the Line of Control (LoC). In India, the operation which carried by Indian military to clear out the Kargil sector is called as Operation Vijay.
  • Operation Vijay in 1961 :- The Liberation Day of Goa is celebrated on Dec 19 every year after the Indian Armed Forces liberated it from the Portuguese rule in 1961 and called it ‘Operation Vijay.’ 

Note-
Kargil Vijay Diwas is celebrated on 26 July every year to honour the Indian Army’s successful mission (called Operation Vijay).

BANKING & FINANCE

RBI Temporarily Allows Merchants and PAs to Save Customer Card CredentialsRBI temporarily allows merchants and payment aggregators

The Reserve Bank of India (RBI) has temporarily allowed merchants or their Payment Aggregators (PAs) involved in settlement of transactions where cardholders choose to enter the card details manually to save the Card-On-File (CoF) data for a maximum duration of “Transaction Date + 4 days” or until the settlement date, whichever is earlier.

  • This data must be utilized only for the settlement of such transactions and then purged.
  • Currently, the aforementioned dispensation is permitted to the card issuer and the card network.

Acquiring banks can continue to store CoF data (customer card credentials) for various post-transaction activities until January 31, 2023.
Key Points:
i. The RBI emphasized that there shall be no change in the effective date of implementation of the requirements relating to “Restriction on Storage of Actual Card Data (CoF)”—all entities, with the exception of card issuers and card networks—shall purge the CoF data before October 1, 2022.
ii.No entity in the card transaction/payment chain other than card issuers and/or card networks shall store CoF data with effect from October 1, 2022, and any such data previously held shall be purged.
iii. The RBI issued a warning to all providers and participants of payment systems that appropriate punitive action, including the imposition of business restrictions, would be taken in the case of disobedience.

BOB Financial Solutions Launches Mobile Application – bobcardBOB Financial Solutions launches its mobile app ‘bobcard’

On 29th July 2022 BOB Financial Solutions Limited launched credit card servicing mobile application (app), bobcard, for providing one-stop solution for customers to manage their Bank of Baroda (BoB) credit card services.
About bobcard:
i.The bobcard has been designed in collaboration with IBM and is user friendly with an attractive design including secured access with face ID, fingerprint lock & PIN, and a smart eye feature that ensures the card details of customers to remain private.
ii.FeaturesThe app helps in manage card usage limit, redeem reward points instantly, convert high-value transactions into smart EMIs, pay credit card bills on time
iii.Bobcard app can be downloaded by both iOS and android users and start using after linking it with their registered mobile number.
About BOB Financial Solutions Limited:
BOB Financial Solutions Limited a Non-Banking Financial Company (NBFC), wholly owned by the Bank of Baroda (BoB).
MD & CEO – Shailendra Singh
Establishment – 1994
Headquarters – Mumbai, Maharashtra

SCIENCE & TECHNOLOGY

TASL Delivers Indigenous Combat Vehicles to Indian Army to Boost Border SurveillanceIndian Army inducts indigenous combat vehicles to bolster border surveillance
Tata Advanced Systems Limited (TASL), Tata group’s Aerospace and Defence Arm has  successfully delivered the indigenously developed combat vehicles Quick Reaction Fighting Vehicle-Medium (QRFV) to the Indian Army to boost border surveillance.

  • TASL became India’s first private sector company to produce and deliver wheeled armoured combat-ready vehicles for the Indian armed forces.
  • This system will enhance the operational capabilities of the Indian Army in future conflicts and during war.

About QRFV:
i.QRFV offers a Standardised Agreement (STANAG) level 4 protection against up to 14kg and 21kg of explosives.
ii.The vehicle is fitted with run-flat tires with turbo diesel engines which can carry up to 14 people, including the commander and driver (approx 2 tons of weight).
KeyNote:
i.In April 2022 Former Chief of Army Staff General MM Naravane had inducted Infantry Protected Mobility Vehicle (IPMV), Ultra Long Range Observation System developed by TASL and Monocoque Hull Multi-Role Mine-Protected Armoured Vehicle developed by Bharat Forge.
ii.To encourage the production of indigenous defence equipment, the centre has reduced expenditure on defence procurement from foreign sources from 46 percent of the overall expenditure to 36 percent in the last four years (2018-19 to 2021-22).
iii.Infantry Protected Mobility Vehicle (IPMV) has been developed by Tata Advanced Systems Limited (TASL) along with Defence Research and Development Organisation (DRDO).
iv,The military mobility vehicle has been built on the strategic 8×8 Wheeled Armoured Platform (WhAP) along with the Vehicles Research & Development Establishment (VRDE), a unit of DRDO.
v.Tata Advanced Systems’ flagship product, WhAP 8×8 (Wheeled Armoured Platform) is India’s first Amphibious Infantry Combat Vehicle (Wheeled), designed for optimised survivability, all-terrain performance, and increased lethality.
About Indian Army:
Chief of Army Staff  (COAS) – General Manoj Pande
Headquarters – New Delhi, Delhi

BOOKS & AUTHORS

A Book titled Journey of a Nation: 75 Years of Indian Economy by Sanjaya Baru released

A new book titled ‘’The Journey of a Nation: 75 Years of Indian Economy: Re-emerge, Reinvest, Re-engage’’ authored by Sanjaya Baru and published by Rupa Publications India Pvt Ltd.
i. SanjayaBaru’s 75 Years of Indian Economy is part of a series that looks back at the past 75 years of independent India.
ii.The book starts with a reference to British historian Angus Maddison and his book The World Economy: A Millennial Perspective (2001), which estimated that in 1700, China and India together accounted for half of the world’s national income and that, by 1950, their combined share was down to less than 10 per cent.

Michelle Obama ‘s book ”The Light We Carry”, to be released 

The New Book titled “The Light We Carry: Overcoming in Uncertain Times” authored by Michelle Obama, the Former first lady of the United States of America(USA) to be released. The book will be published Globally by Penguin Random House and it will be released in the US and Canada by Crown, an imprint of the Random House Publishing Group

  • In this Book she will reflects upon her experiences and shares insights on navigating an increasingly stressful world.
  • Other book by Michelle Obama-  Becoming released in 2018.

A Book titled Riding the De(Mon) by Murali Raghavan released

A new book titled ‘’Riding the De(Mon)’’ authored by Murali Raghavan, a Chartered & Cost accountant from India, based in Dubai, United Arab Emirates(UAE) and published by Leadstart Publishing Pvt. Ltd, one of the fastest-growing publishing houses in India.
i. The Book is a tale of big money and crime and looks at money laundering in India, particularly the methods used by people to funnel their ill-gotten gains into the banking system, post demonetisation.
ii.The novel has been written after a lot of research about the methods used by people with ill-gotten wealth to deposit their black money with banks and the vulnerabilities around the data of cash deposits that exists even today in India.

STATE NEWS

Odisha signs MoU with  FICCI for upcoming Make in Odisha Conclave 2022Odisha partners with industry body FICCI for upcoming Make in Odisha Conclave

Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL)  signed a Memorandum of Understanding (MoU) with the Federation of Indian Chambers of Commerce and Industry (FICCI) for the Make in Odisha(MIO) Conclave 2022, which will be held from November 30 to December 04, 2022.

  • FICCI will work as a national industry partner in the conclave

Key people:
The signing ceremony was presided over by Pratap Keshari Deb, Minister for Industries, MSME & Energy, Government of Odisha, Hemant Sharma, Principal Secretary, Industries, Government of Odisha, Arun Chawla, Director General, FICCI and senior officers of IPICOL & FICCI.
Highlights:
i.The Make in Odisha Conclave 2022 will be the third edition. The first edition launched in 2016 received over Rs 2 Lakh Crores worth of investment in Odisha.
The Second edition was launched in 2018, which received over Rs4 Lakh Crores worth of investment in Odisha.
ii.It is an enterprising event. It attracts investors, entrepreneurs, and other industrialists also. It helps in boosting investment and job opportunities in the state.
iii.Odisha registered a growth of  10.1% in 2021-22 and became one of the fastest-growing economies in India. Other sectors such as the Manufacturing sector with 56%  share in Industrial gross value added grew at 14.3 % in 2021-22 while the mining sector with 21% share registered 18.1 % growth.
Note-
Odisha is one of the richest states in natural resources. It has 96 percent of chromite reserves, 92 percent nickel reserves, 53 percent bauxite, 45 percent manganese, 35 percent iron-one, and 23 percent coal reserves of India.

  • Odisha is also the largest producer of Steel, Stainless Steel, Ferro Alloys, Alumina, and Aluminum in India.

About Odisha:
Chief Minister(CM)– Naveen Patnaik
Dance- Ghumura Dance, Ranapa Dance, Jodi Sankha Dance
Tribes – Bagata, Banjara

ANC signed MoU with AAI to boost inter-island connectivity under UDAN SchemeMoU signed by ANC and AAI to boost inter-island connectivity new

Andaman Nicobar Command (ANC) signed a Memorandum of Understanding (MoU) with the Airport Authority of India (AAI) to boost inter-island connectivity under UDAN (Ude Desh ka Aam Naagrik) Scheme in Port Blair,the capital city of the Andaman and Nicobar Islands.

.Signatories:
The MoU was signed by Jameel Khaliq, Director, Port Blair Airport and Commanding Officers INS Kohasaa and INS Baaz i.e. Capt. Satish Mishra and Capt. Jitendra Navet.
Key points:
i.Under the agreement, the naval airfields at Shibpur (Diglipur) in North Andaman and in Campbell Bay will be utilized for civil operations.
Passenger flights will be connecting Port Blair directly to Diglipur and Campbell Bay.
ii.The agreement will provide smooth connectivity to remote islands and boost  infrastructure development and passenger terminals.
iii.Under the UDAN Scheme, a low-cost 20-passenger flight to be operated between the Andaman Nicobar islands.
Connectivity issue:
i.Currently Helicopter services are available to Diglipur and Campbell in a very limited capacity.

  • Diglipur is the third most populous town in Andaman while a major transshipment port is to come up in Campbell Bay.

ii.The direct flight connectivity from Port Blair to Diglipur and Campbell will provide better services to daily passengers, especially in case of emergency and boost tourism as well.

About UDAN:
UDAN is a regional airport development program of the Government of India and part of the Regional Connectivity Scheme of upgrading under-serviced air routes.

About Airport Authority of India (AAI):
Headquarters-New Delhi, Delhi
Founded- 1 April 1995
Chairman-Sanjeev Kumar

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Current Affairs Today (AffairsCloud Today)

S.noCurrent Affairs 1 August 2022
1PM Narendra Modi Visit to Gujarat and Tamil Nadu – On July 28-29, 2022
2NSO Develops Three Labour Indicators, says 15% Of 60+ Employed People Worked Part Time in 2017-20
3Point 5140 at Dras sector named as Gun Hill to mark victory of Operation Vijay
4RBI Temporarily Allows Merchants and PAs to Save Customer Card Credentials
5BOB Financial Solutions Launches Mobile Application – bobcard
6TASL Delivers Indigenous Combat Vehicles to Indian Army to Boost Border Surveillance
7A Book titled Journey of a Nation: 75 Years of Indian Economy by Sanjaya Baru released
8Michelle Obama ‘s book ”The Light We Carry”, to be released
9A Book titled Riding the De(Mon) by Murali Raghavan released
10Odisha signs MoU with FICCI for upcoming Make in Odisha Conclave 2022
11ANC signed MoU with AAI to boost inter-island connectivity under UDAN Scheme