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Current Affairs 24 September 2022

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India, Pakistan, Sri Lanka, Bangladesh and Nepal formed APOA; Atul Chaturvedi elected as its ChairmanIndia’s Atul Chaturvedi has been elected chairman of the Asia Palm Oil Alliancei.On September 21, 2022, the 25th Globoil Summit 2022, organized by Tefla’s, was held in Agra, Uttar Pradesh (UP) which saw the participation of 1,500 attendees from 50 countries.  This summit was a congregation of leading players from the domestic and global edible oil trade and industry.
ii.During the summit,  the apex edible oil industry associations from five major palm oil importing countries from Asia viz. India, Pakistan, Sri Lanka, Bangladesh and Nepal have formed an Asian Palm Oil Alliance (APOA).
iii.APOA secretariat will be initially managed by The Solvent Extractors’ Association (SEA) of India.
Chairman– Atul Chaturvedi, Director of Adani Wilmar Ltd and the President of SEA, was elected as the first Chairman of the APOA
Static Points:
i.The Asian markets are responsible for about 40% of global palm oil demand. Europe accounts for about 12% of the market, and the United States (US) for 2%.
ii.India is the largest importer of Palm oil in the Asian region and accounts for 15% of global imports.

>> Read Full News

MCA Amends Corporate Social Responsibility RulesGovt amends rules governing corporate social responsibilityThe Ministry of Corporate Affairs (MCA) amended the Companies (Corporate Social Responsibility Policy) Rules, 2014 in accordance with the authority granted under Section 135 and Subsections (1) and (2) of Section 469 of the Companies Act, 2013 (18 of 2013).
Objective: To calculate the cost of conducting social impact assessments of Corporate Social Responsibility (CSR) activities and the procedure for handling unspent CSR funds of companies.
These rules may be referred to as the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022.
i.According to the CSR rules, companies are required to establish a ‘CSR Committee’ to oversee the implementation of their CSR obligations if they have any funds in their “Unspent Corporate Social Responsibility Account.”

  • Companies are entitled to keep unspent CSR funds in this designated account, but must utilize them within three fiscal years.
  • The CSR committee will be in charge of its implementation.

>> Read Full News

REC Ltd becomes 12th company to get Maharatna CPSE statusREC becomes 12th company to join Maharatna CPSE club

The Government of India (GoI) accorded the status of Maharatna Central Public Sector Enterprise (CPSE) to REC Limited (formerly Rural Electrification Corporation Limited), a Non-Banking Financial Company (NBFC), specialised in financing for energy sectors.

  • REC Ltd became the 12th company to join Maharatna CPSE club.The order was issued by the  Department of Public Enterprises, Ministry of Finance.

Key points:

i.REC Limited was a Navratna company under the administrative control of the Ministry of Power.

ii.REC Limited can now make investments up to Rs 5,000 crore, or 15% of its web price, in a single mission after its Maharatna standing.

  • It provide financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities .

Criteria for Maharatna CPSE:
i.A company must be listed on an Indian inventory alternate and have an average annual turnover of over Rs25,000 crore throughout the earlier three years to be categorised as a Maharatna standing.
ii.It must also have a mean annual web price throughout the earlier three years of greater than Rs 15,000 crore and a mean web revenue of over Rs 5,000 crore throughout the identical interval.
Additional info:

  • The other 11 Maharatna CPSEs of India are Power Finance Corporation (PFC), Bharat Heavy Electricals Ltd (BHEL), Bharat Petroleum Corp. Ltd (BPCL), Coal India Ltd (CIL), GAIL (India) Ltd, Hindustan Petroleum Corp. Ltd (HPCL), Indian Oil Corp. Ltd (IOC), NTPC Ltd, Oil & Natural Gas Corp. Ltd (ONGC), Power Grid Corp.(POWERGRID) of India Ltd, and Steel Authority of India Ltd (SAIL).
  • India has 13 Navratna and 74 Miniratna CPSEs.

About REC Limited:
Chairman & Managing Director(CMD) –Vivek Kumar Dewangan
Established-  1969
Headquarters- Gurugram, Haryana

MOD Signs Contract with BAPL for Dual-Role Surface-To-Surface BrahMos MissileMOD signs a deal for dual role Surface-to-Surface BrahMos missileThe Ministry of Defence (MOD) signed a contract with BrahMos Aerospace Pvt. Ltd. (BAPL) for the purchase of additional dual-role capable Surface-to-Surface BrahMos missiles at an approximate cost of Rs.1700 Crore under the “Buy-Indian” Category, giving more momentum to Aatmanirbharta in the defence sector.

  • BAPL enhances the new generation of Surface-to-Surface Missiles (SSMs) with increased range and dual function capability for land and anti-ship attacks.

Note – The name ‘BrahMos’ signifies the Brahmaputra river in India and the Moskva river in Russia.

Potential Outcomes

  • The acquisition of these dual-role capable missiles will greatly improve the operational capability of fleet assets used by the Indian Navy (IN).
  • With the active participation of indigenous industry, this contract will significantly increase indigenous production of vital weapons systems and ammunition.

About BrahMos Aerospace Pvt. Ltd.(BAPL)
BAPL was established as a joint venture between Defence Research and Development Organization (DRDO), India, and the Joint Stock Company “Military Industrial Consortium” of “NPO Mashinostroyenia” (NPOM) [earlier known as Federal State Unitary Enterprise], Russia.The company is in charge of designing, developing, manufacturing, and marketing the BRAHMOS supersonic cruise missile.
Established in – 1998
CEO & MD – Shri Atul Dinkar Rane

NCC & UNEP signs MoU to achieve the Universal goal of Clean Water BodiesUNEP signs MoU with NCC to curb plastic pollutionThe United Nations Environment Programme (UNEP) signed a Memorandum of Understanding (MoU) with the youth wing of the Indian Armed Forces National Cadet Corps (NCC) to tackle the issue of plastic pollution and achieve the universal goal of clean water bodies through ‘Puneet Sagar Abhiyan’ and ‘Tide Turners Plastic Challenge programme’.

The MoU between NCC and UNEP aims to coordinate and combine efforts to encourage young people to support clean water bodies.

Signatories : In the presence of Union Defence Minister Rajnath Singh, the MoU was signed between Lieutenant General Gurbirpal Singh, Director General of NCC and Bishow Parajuli, Resident Representative, UN World Food Programme.

Key Points:
i.The MoU will be in effect for 3 years and plans to strengthen, develop, and specify their cooperation and effectiveness to accomplish the shared environmental goals.
ii.The goal of the deal is to promote opportunities for NCC cadets to participate in appropriate national and international platforms.
iii.Tide Turners Plastic Challenge programme’, a global youth movement to fight plastic pollution around the globe. It is initiated by the United Nations Environment Programme (UNEP).

iv.‘Puneet Sagar Abhiyan’ ,a nationwide campaign launched by the NCC in December 2021.

  • The campaign was initially for 1 month to clean sea shores from plastic and other waste material and create awareness about the importance of cleanliness.
  • Later, it was extended as a Pan-India round-the-year campaign to cover rivers and other water bodies.
  • Since the launch of the campaign, over 100 tonnes of plastic waste have been collected from nearly 1,900 locations by more than 12 lakh NCC cadets, alumni and volunteers.
  • The ‘Puneet Sagar Abhiyan’ is one among the many initiatives taken by the Government, which Prime Minister Narendra Modi has referred to as ‘Panchamrit’ during the 26th United Nations Climate Change conference, COP26 in Glasgow, Scotland in 2021.

About the National Cadet Corps (NCC):
Director General- Lieutenant General Gurbirpal Singh
Headquarters- New Delhi, Delhi
Establishment- 1948
About the United Nations Environment Programme (UNEP):
Executive Director- Inger Andersen
Headquarters- Nairobi, Kenya
Establishment- 1972

India sets up Export Promotion Council for Medical Devices under DoP

The Ministry of Commerce and Industry,  will set up an Export Promotion Council (EPC) for Medical Devices to boost export of medical devices in India.

  • It will be headquartered in YEIDA, Greater Noida Uttar Pradesh (UP), with regional offices in AMTZ- Visakhapatnam Andhra Pradesh and Hyderabad in Telangana.
  • The EPC for medical devices will be under the administrative control of the Department of Pharmaceuticals (DoP), which is a part of the Ministry of Chemicals and Fertilizers.
  • It will be administered by a committee of administration (CoA) that have both the nominated and elected members from the government and medical device industry.
  • It will help exporters in promoting their products in international markets through various promotional activities including organising and participating international trade fairs, buyers-sellers meets in line with the foreign trade policy of India.
  • Note-India currently exports Rs. 23,766 crore (2021-22) of medical devices up from previous year Rs 19,736 crore.

NSIC and AMTZ Signed MoU for Cooperation in Health Sector

The National Small Industries Corporation Limited (NSIC), a Public Sector Enterprise of Ministry of Micro Small & Medium Enterprises (MSME) and Andhra Pradesh Medtech Zone Limited (AMTZ) have signed a Memorandum of Understanding (MoU) on cooperation in the healthcare sector.

  • The MoU was signed by Gaurang Dixit, Chairman & Managing Director (CMD), NSIC and Dr. Jitendra Sharma, Managing Director(MD) & Chief Executive Officer(CEO), AMTZ in the presence of Narayan Rane, Union Minister for MSME. B.B. Swain, Secretary (MSME) and other senior officers were also present.
  • Through this MoU, NSIC and AMTZ will leverage their expertise and create opportunities for MSMEs in the health sector to form global alliances to get access to the latest medical technologies and create skilled manpower.


TerraPay, NIPL collaborate for Merchant Payments via UPI-enabled QR codesTerraPay, NPCI collaborate for merchant payments via UPI-enabled QR codes

Cross-border payments company TerraPay headquartered in Amsterdam, The Netherlands has collaborated with the NPCI International Payments Limited (NIPL) to enable merchants in India with Unified Payments Interface (UPI) ID to make and accept cross-border payments.

  • NIPL is an international arm of National Payments Corporation of India’s (NPCI).

Key Points:
i.Through this collaboration, customers with active UPI IDs (350 million bank accounts) can transact at QR (Quick Response) locations enabled by TerraPay globally with the partnership.
ii.This collaboration will boost the usage of UPI apps across different nations, and also enhance the digital drive for cashless transactions.
iii.The disputes and grievance redressal issues will also reduce as UPI payments and QR transactions are customer-initiated with a two-factor authentication.
iv.According to Statista, the Person-to-Merchant (P2M) market in India is estimated to reach Rs.84 lakh crore by FY2025 from around Rs 18 lakh crore in FY19 with Paytm, PhonePe, Google Pay, etc. among key players.
v.UPI is an instant real-time payments (RTP) system developed by NPCI, and is amongst the most successful RTP systems globally.

  • In August 2022, the UPI transactions volume crossed 6.56 billion.

About NPCI International Payments Limited (NIPL):
Establishment– 2020
Chief Executive Officer (CEO)– Ritesh Shukla
Headquarters– Mumbai, Maharashtra

RBI cancels Solapur-based The Laxmi Co-operative Bank’s licence; Bars MMFSL, Mumbai from Outsourcing Recovery, Repossession ActivitiesRBI cancels Solapur-based The Laxmi Co-operative Bank’s licence

On September 22, 2022, the Reserve Bank of India (RBI) cancelled the licence of Solapur (Maharashtra) based The Laxmi Co-operative Bank Limited due to its inadequate capital and earning prospects, and its failure to comply with the requirements of the Banking Regulation (BR) Act, 1949.

  • The cancellation of its licence means the bank is prohibited from conducting the business of banking which includes, among other things, acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the BR Act, 1949 with immediate effect.

Reasons of Cancellations:
i.It does not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the BR Act, 1949.
ii.It does not comply with the requirements of Sections 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and 22(3)(e) read with Section 56 of the BR Act, 1949.
iii.The bank is unable to pay its present depositors in full, and its continuance is prejudicial to the interests of its depositors.
Key Points:
i.RBI requested The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra to issue an order for winding up the bank and appoint a liquidator for the bank.
ii.On liquidation, every depositor is entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC).

  • More than 99% of the depositors will receive the full amount of their deposits.
  • As of September 13, 2022, the DICGC has already paid Rs 193.68 crore of the total insured deposits under the provisions of Section 18A of the DICGC Act, 1961.

RBI bars MMFSL from Outsourcing Recovery, Repossession Activities
RBI, in exercise of its powers under section 45L(1)(b) of the RBI Act, 1934, bars Mahindra & Mahindra Financial Services Ltd. (MMFSL), Mumbai (Maharashtra) from carrying out any recovery or repossession activity through outsourcing arrangements, with immediate effect.

  • However, it may carry out recovery or repossession activities, through its own employees.
  • MMFSL is a Non-Banking Financial Company (NBFC).

This regulatory action follows the incident of the 27-year-old pregnant woman who was crushed to death on September 15, 2022 in Jharkhand, by a tractor being driven by a recovery agent acting on behalf of MMFSL.
What is outsourcing w.r.t. NBFC?
As per RBI, outsourcing is an NBFC’s use of a third party (either an affiliated entity within a corporate group or an entity that is external to the corporate group) to perform activities on a continuing basis that would normally be undertaken by the NBFC itself.

Aditya Birla Launches Savings-Oriented Life Policy With Cash Bonus BenefitAditya Birla Sun Life Insurance launches ABSLI Akshaya Plan

On 22nd September 2022, Aditya Birla Sun Life Insurance Company Limited (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), launched a new-age savings solution ABSLI Akshaya Plan, a non-linked participating individual savings life insurance plan that offers immediate liquidity option through cash bonus facility.

  • The ABSLI Akshaya plan provides the benefit of comprehensive life insurance cover along with a regular source of income.

About ABSLI Akshaya Plan:
i.EligibilityThe maximum entry age is 55 years, while the minimum entry age is 30 days
ii.Minimum annualised premium is Rs 24,000 and no limit for the maximum annualised premium.
i.Policyholders can choose from multiple premium payment term options ranging from 6 years, 8 years, 10 years, 12 years, and 15 years.
ii.Additionally, a cash bonus would be payable on the death of the life insured or surrender, or maturity, whichever is earlier will be provided to the policyholders if declared.

  • The cash bonus can be withdrawn by the policyholders from the end of the 1st policy year, thereby providing regular income.

iii.Policyholders can also avail the benefits of the plan on a long-term basis (25 years, 30 years, 35 years, 40 years) or whole life basis (till the age of 85 years or 100 years).
About Aditya Birla Sun Life Insurance Company Limited (ABSLI):
Managing Director (MD) & CEO – Kamlesh Rao
Establishment – 2000 (started operations in 2001)
Headquarters – Mumbai, Maharashtra

Tata Group Airlines signed MoU with CSIR–IIP for Sustainable Aviation FuelAir India, AirAsia India, Vistara sign MoU for sustainable aviation fuel

On 22nd September 2022, the Tata-owned airlines – Air India, AirAsia India and Vistara (Tata SIA Airlines), signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – Indian Institute of Petroleum (CSIR–IIP).
The agreement is to collaborate and work together on the research, development and deployment of Sustainable Aviation Fuels (SAFs).
Key Highlights:
i.The objective of the agreement is that the two sides will work together in many other areas related to sustainable aviation.
ii.The Tata Group Airlines’ focus will be on Single Reactor HEFA (Hydro processed Esters and Fatty Acids) Technology for Drop-in liquid Sustainable Aviation and Automotive Fuel (DILSAAF).
iii. The impact of the continued use of petroleum-derived fuel for aviation is tolerable with greenhouse gas and carbon emissions, a significant concern across the world.
iv.The International Air Transport Association (IATA) has pledged to achieve net-zero carbon emissions from its operations by 2050 with the aim of the Paris agreement to limit global warming to 1.5°C.
v.According to IATA, with the adoption of SAF, the aviation industry’s net-zero carbon emissions target is focused on delivering a maximum reduction in emissions at a source of around 65%.
What is Sustainable Aviation Fuel (SAF)?
SAF is a jet fuel created from sustainable resources like forestry, agricultural waste and used cooking oil which has the potential to reduce emissions by 80%.

  • It is a ‘drop-in’ fuel, meaning it can be added with no changes needed to the aircraft.

Note: The contract of the CSIR-IIP is to provide competitive and sustainable technologies and products to meet the requirements of the ever-growing energy sector and develop capacity and capability in new energy areas such as bio, hydrogen and solar energy and their innovative combination.
About the Council of Scientific and Industrial Research – Indian Institute of Petroleum (CSIR–IIP):
Director & Chairman- Dr Anjan Ray
Headquarters- Dehradun, Uttarakhand
Establishment- 1960


IIFL Wealth Hurun India Rich List 2022: Adani & Family tops , Falguni Nayar becomes richest Indian Women
Falguni Nayar pips Kiran Mazumdar, Rekha Jhunjhunwala to become richest Indian woman

According to the IIFL Wealth Hurun India Rich List 2022, Gautam Adani and family has topped with an estimated wealth of Rs. 10,94,400 crore. His daily wealth creation estimated at Rs. 1,612 crore that showed 116 percent growth as compared with the 2021 list.

  • Mukesh Ambani and family has been named as the 2nd richest in India with an estimated wealth of Rs. 7,94,700 crore and a growth of 11 percent compared with the 2021 list. His daily wealth creation velocity is Rs. 210 crore.
  • Bengaluru -based Kaivalya Vohra, 19, of grocery delivery application Zepto is the youngest self-made and the youngest rich individual.

Top 5 richest people in the list:

RankPersonWealth estimate
1Gautam Adani and familyRs. 10,94,400 crore
2Mukesh Ambani and familyRs. 7,94,700 crore
3Cyrus Poonawalla and familyRs.2,05,400 crore
4Shiv NadarRs. 1,85,800 crore
5Radhakishan Damani & familyRs. 1,75,100 crore

Key Points:
i.India has 221 billionaires and Mumbai tops the India Rich list with 283 individuals, followed by New Delhi (185) and Bengaluru (89).
ii.The pharmaceuticals, chemical & petrochemicals, IT, and financial services are some of the key sectors that are contributing towards wealth creation.
About IIFL Wealth:
MD & CEO – Karan Bhagat
Headquarters – Mumbai, Maharashtra
>> Read Full News


Ageas Federal Becomes First Insurer to have 74% Foreign Shareholding
Ageas Federal Life Insurance (AFLI) became the first life insurance company in India to have 74 percent stake held by a foreign partner after the Belgium-based shareholder, Ageas Insurance International NV, completed the acquisition of the 25 percent stake from IDBI Bank.

  • Ageas has acquired the additional 25 percent stake of IDBI Bank in Ageas Federal Life Insurance for a total cash consideration of Rs 580 crore.

Key highlights:
i.After the acquisition of the additional 25 percent stake, Ageas’ shareholding in the JV rose to 74 percent from 49 percent.
ii.Federal Bank continues to hold a 26 percent stake in AFLI whereas IDBI Bank has exited from a shareholder.
Note – As a part of the Union Budget for FY22, the government had increased the permissible limit for foreign direct investment (FDI) in insurance companies to 74 percent from 49 percent.
About Ageas Federal Life Insurance (AFLI):
Managing Director (MD) & CEO – Vighnesh Shahane
Establishment – 2007
Headquarters – Mumbai, Maharashtra

M&M to acquire Swaraj Engines’ 17.41% stake from Kirloskar Industries

Mahindra & Mahindra(M&M) announced to acquire an additional  21,14,349 equity shares constituting 17.41% stake in Swaraj Engines Ltd (SEL) from Kirloskar Industries Ltd (KIL) for Rs 296 crore.

  • The acquisition will result in increasing  M&M’s stake in SEL to 52.13% from 34.72%.
  • M&M will acquire equity shares at a price of Rs 1,400 per share. After the acquisition,  SEL, which is currently an associate of the company, would become a subsidiary of M&M.
  • SEL is based in Mohali, Punjab. It is involved in the business of manufacturing diesel engines and its components.


The Oval, Lord’s will Host Next Two ICC World Test Championship Finals in 2023 & 2025

The International Cricket Council (ICC) announced that the ICC World Test Championship (WTC) Final will be hosted by The Oval, London, England  in June 2023 and the 2025 edition of WTC Final will be played at Lord’s, London.

  • The two venues in London will succeed Southampton (England), which hosted the inaugural final between New Zealand and India in ICC WTC 2021.
  • Australia and South Africa will also clash against each other in a three-match series in the current cycle in December 2022-January 2023.
  • Sri Lanka, India and Pakistan round up the top five in the rankings.
  • The Lord’s  earlier hosted several high profile ICC matches, including the2019 ICC Men’s Cricket World Cup final.

Anil Khanna resigns as Indian Olympic Association Acting President

The former head of All India Tennis Association (AITA), Anil Khanna resigned as the acting/interim President of the Indian Olympic Association (IOA).

  • In June 2022, He took charge as the acting President of IOA after the Delhi High Court ruling ended Narinder Dhruv Batra’s reign as President of IOA.
  • IOA is the governing body for the Olympic Movement and the Commonwealth Games in India.
  • It is an affiliated member of the International Olympic Committee (IOC), Commonwealth Games Federation (CGF), Olympic Council of Asia (OCA) and Association of National Olympic Committee (ANOC).


International Day of Sign Languages 2022 – September 23 International Day of Sign Languages - September 23 2022The United Nations (UN)’s International Day of Sign Languages (IDSL) is annually observed across the globe on the 23rd of September to support and protect the linguistic and cultural identity of deaf people and others who use sign language.

  • 23rd September 2022, marks the observance of the 5th IDSL.
  • The Day is celebrated as part of the International Week of the Deaf People 2022 (19-25 September).

The theme of the International Day of Sign Languages 2022 is Sign Language Unite Us.
i.The United Nations General Assembly (UNGA) adopted the resolution A/RES/72/161 on 19th December 2017 and proclaimed the 23rd of September of every year as the International Day of Sign Languages (IDSL)
ii.The first-ever International Day of Sign Languages was observed across the globe on 23rd September 2018.
About the World Federation of the Deaf (WFD):
President- Joseph Murray
Headquarters- Helsinki, Finland
Establishment- 23 September 1951
>> Read Full News

World Rose Day 2022- September 22World Rose Day - September 22 2022World Rose Day is celebrated annually across the globe on 22 September to encourage and acknowledge cancer survivors all over the world.

  • World Rose Day 2022 is a symbol of hope for cancer patients.
  • The day aims to bring happiness and hope into the lives of such patients and reminds them that they can emerge victorious in their battle against cancer through determination and positivity.

Note: World Rose Day is also known as “Day for Welfare of Cancer Patients”.
About Melinda Rose:
i.World Rose Day is observed in the remembrance of Melinda Rose, a 12-year-old girl who was diagnosed with Askin tumour is a rare neoplasm of thoracic pulmonary region in the year 1994. She passed away in 1996.
ii.During her cancer journey, Melinda Rose wrote poems, wishes, and messages for other cancer patients as a gesture of hope.
Significance of World Rose Day:
i.World Rose Day is observed to support and motivate all cancer patients to fight back and come out as strong survivors.
ii.Cancer is one of the chronic diseases that is the cause of millions of deaths globally. .
iii.World Rose Day is important as it provides  inner strength and motivation to the patients to keep moving forward.


Haryana, Rajasthan, Delhi & UP sign pact for passenger vehicle movementHaryana, Rajasthan, Delhi & UP sign pact for passenger vehicle movement

Haryana, NCT(National Capital Territory)-Delhi, Rajasthan and Uttar Pradesh (UP) signed the Status of Combined Reciprocal Common Transport Agreement (CRCTA) for State Contract Carriage and Stage Carriage among these governments.

  • The  status of the agreement was discussed during the a meeting of  the Commissioner of Transport Secretaries/Commissioners of NCR (CoTS) held on 19th September 2022 under the Chairpersonship of Archana Agrawal, Member Secretary, National Capital Region Planning Board (NCRPB).
  • The agreement will ensure seamless movement of passenger vehicles in the NCR.

About CRCTA:
Under CRCTA, There will be single point taxation for all  motor cabs/taxis/auto rickshaw; all Stage carriage buses, all State Transport Undertakings (STUs) of NCR, including city bus services.
It will encourage shifts of traffic from private vehicles to mass public transport vehicles and will help to ease traffic congestion and reduce air pollution.
Key points of discussion:
i.Inter-state road connectivity among National Capital Region (NCR) states- (Haryana, NCT Delhi, Rajasthan and UP ) road safety and possibilities of CNG (Compressed Natural Gas)/Electric buses in the region were discussed in the meeting.
ii.The meeting also discussed ensuring vehicle location tracking devices and speed governors in all vehicles under CRCTA.

  • The rules for motor vehicle aggregators for NCR will be compliant with  Motor Vehicle Aggregators Guidelines-2020 of MoRTH (Ministry of Road Transport and Highways).

iii.The NCR states were requested to compile data on the black spots in the region along with locations of pan-tilt-zoom (PTZ) cameras, emergency trauma care centres along MDR, National Highways, State Highways and Expressways in NCR.



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S.noCurrent Affairs 24 September 2022
1India, Pakistan, Sri Lanka, Bangladesh and Nepal formed APOA; Atul Chaturvedi elected as its Chairman
2MCA Amends Corporate Social Responsibility Rules
3REC Ltd becomes 12th company to get Maharatna CPSE status
4MOD Signs Contract with BAPL for Dual-Role Surface-To-Surface BrahMos Missile
5NCC & UNEP signs MoU to achieve the Universal goal of Clean Water Bodies
6India sets up Export Promotion Council for Medical Devices under DoP
7NSIC and AMTZ Signed MoU for Cooperation in Health Sector
8TerraPay, NIPL collaborate for Merchant Payments via UPI-enabled QR codes
9RBI cancels Solapur-based The Laxmi Co-operative Bank’s licence; Bars MMFSL, Mumbai from Outsourcing Recovery, Repossession Activities
10Aditya Birla Launches Savings-Oriented Life Policy With Cash Bonus Benefit
11Tata Group Airlines signed MoU with CSIR–IIP for Sustainable Aviation Fuel
12Adani tops IIFL Wealth Hurun India Rich List 2022: Nykaa Founder Falguni Nayar becomes richest self-made Indian
13Ageas Federal Becomes First Insurer to have 74% Foreign Shareholding
14M&M to acquire Swaraj Engines’ 17.41% stake from Kirloskar Industries
15The Oval, Lord’s will Host Next Two ICC World Test Championship Finals in 2023 & 2025
16Anil Khanna resigns as Indian Olympic Association Acting President
17International Day of Sign Languages 2022 – September 23
18World Rose Day 2022- September 22
19Haryana, Rajasthan, Delhi & UP sign pact for passenger vehicle movement