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10th August, 2022

Regional Standardization Forum for Asia and Oceania region, New Delhi International Arbitration Centre (Amendment) Bill, 2022, ‘One Road-One Week’ initiative, Konaseema district, Nethanna Bima scheme, market linkage scheme in Jammu and Kashmir, high-impact drones, “Vajra Prahar” exercise, Transform Rural India Foundation, Uni-Verse-Metaverse Virtual Lounge & Open Banking Sandbox environment, Hatchlab Research Centre, cross-border payments platform, National Internet Exchange of India (NIXI), ‘Har Ghar Digital, Har Jeevan Digital’ campaign, vice president of FIDE (International Chess Federation), India’s 75th Grandmaster, 2022 Citi Open, T20 International, Commonwealth Games 2022

  1. International Telecommunication Union has organized the Regional Standardization Forum for Asia and Oceania region in New Delhi.
  2. New Delhi International Arbitration Centre (Amendment) Bill, 2022 to rename the New Delhi International Arbitration Centre as the India International Arbitration Centre.
  3. Delhi’s Municipal Council has launched the ‘One Road-One Week’ initiative to undertake repair and maintenance work along footpaths, pavements and central verges.
  4. Andhra Pradesh has announced to rename its Konaseema district as Dr BR Ambedkar Konaseema.
  5. Telangana CM K Chandrashekhar Rao has launched the first-of-its-kind Nethanna Bima scheme (insurance scheme for the weavers).
  6. PARVAZ is a market linkage scheme in Jammu and Kashmir for the shipment of agriculture and horticulture perishables through air cargo.
  7. Army Design Bureau (ADB) has signed an MOU with Drone Federation of India (DFI) to develop high-impact drones for Indian soldiers.
  8. 13th edition of the “Vajra Prahar” exercise of the Special Forces started at the Special Forces Training School (SFTS), Bakloh in Himachal Pradesh.
  9. Intellecap and Transform Rural India Foundation (TRIF) have launched the National Carbon Finance Platform for creating awareness among the smallholder farmers about sustainable agro-forestry, climate smart agriculture and other activities.
  10. Union Bank of India has launched Uni-VerseMetaverse Virtual Lounge & Open Banking Sandbox environment.
  11. Indian Bank has signed an MoU with SRM University, Andhra Pradesh to provide loans of up to Rs 50 crores to startups incubated by Hatchlab Research Centre (an incubator) of the University.
  12. HDFC Bank has raised up to $300 million in NRE (Non Resident External Account) deposits by offering up to 50 basis points more than the prevailing rates.
  13. American Express has launched a cross-border payments platform for small to medium-sized businesses called Global Pay.
  14. Rakesh Jhunjhunwala’s Akasa Air, India’s newest airline, has operated its first flight from Mumbai to Ahmedabad.
  15. National Internet Exchange of India (NIXI) has offered ‘.(Dot) IN’ and ‘.(Dot) भारत domains registration at Rs 75 for one year under its ‘Har Ghar Digital, Har Jeevan Digital’ campaign.
  16. Viswanathan Anand has been elected as the vice president of FIDE (International Chess Federation) in Lausanne, Switzerland.
  17. Mastercard has become the title sponsor for all matches of Board of Control for Cricket in India (BCCI).
  18. Chess prodigy V Pranav became India’s 75th Grandmaster by winning Limpedea Open in Baia Mare, Romania.
  19. 2022 Citi Open (aka Washington Open) was held at William H.G. FitzGerald Tennis Centre, Washington DC, USA.
  20. India has defeated West Indies by 88 runs in the fifth and final T20 International to win the five-match series 4-1 at Lauderhill in Florida, United States.
  21. Commonwealth Games 2022 in Birmingham, UK

Table of Content 

National News

  1. International Telecommunication Union has organized the Regional Standardization Forum for Asia and Oceania region in New Delhi.
      • Organizer – Ministry of Communications
      • Theme – “Regulatory and Policy aspects of Telecommunications/ICT”
  2. Bills passed by the Lok Sabha –
      • New Delhi International Arbitration Centre (Amendment) Bill, 2022 to rename the New Delhi International Arbitration Centre as the India International Arbitration Centre.
      • Energy Conservation (Amendment) Bill, 2022 – for establishing the carbon credit markets and bring large residential buildings under the energy conservation regime.
        • The Bill mandates the use of non-fossil sources, including green hydrogen, green ammonia, biomass and ethanol, for energy and feedstock.
        • The Bill amended the Energy Conservation Act, 2001 to enhance the scope of the Energy Conservation Building Code, amend penalty provisions and increase number of members in the governing council of the Bureau of Energy Efficiency.

State News

  1. Delhi’s Municipal Council has launched the ‘One Road-One Week’ initiative to undertake repair and maintenance work along footpaths, pavements and central verges.
  2. Andhra Pradesh has announced to rename its Konaseema district as Dr BR Ambedkar Konaseema.
      • Now, the total number of districts in the state stands at 26.
  3. Telangana CM K Chandrashekhar Rao has launched the first-of-its-kind Nethanna Bima scheme (insurance scheme for the weavers).
      • This scheme will provide ₹5 lakh insurance cover to the weavers’ families in case of the unfortunate death of an eligible beneficiary.
      • Telangana government has partnered with Life Insurance Corporation (LIC) of India for the scheme.
      • The state department of handlooms and textiles is the nodal agency for its implementation.
      • At present, 5% GST is levied on the handloom sector.
  4. PARVAZ is a market linkage scheme in Jammu and Kashmir for the shipment of agriculture and horticulture perishables through air cargo.
      • Jammu & Kashmir Horticultural Produce Marketing and Processing Corporation (JKHPMC) is the implementing agency of the scheme.
      • Farmers get the price of their produce directly in their bank account with no intermediary in between.
      • Under the scheme, government will provide a subsidy of 25% on freight charges, in a bid to carry perishable fruits through Air Cargo.

Defence News

  1. Army Design Bureau (ADB) has signed an MOU with Drone Federation of India (DFI) to develop high-impact drones for Indian soldiers.
      • ADB and DFI will organize “Indian Army’s Him-Drone-a-thon” event, as part of their collaboration.
      • DFI is an industry body that has Asteria Aerospace, Quidich Innovation Labs, AutoMicroUAS, Aarav Unmanned Systems and Indrones as its members.
  2. 13th edition of the “Vajra Prahar” exercise of the Special Forces started at the Special Forces Training School (SFTS), Bakloh in Himachal Pradesh.

Banking and Economy

  1. Intellecap and Transform Rural India Foundation (TRIF) have launched the National Carbon Finance Platform for creating awareness among the smallholder farmers about sustainable agro-forestry, climate smart agriculture and other activities.
      • The platform will help in leveraging climate/carbon finance for sustainable agricultural practices that can result in carbon sequestration and mitigation.
      • The platform will provide finances for enhancing technical capacity to design and implement high-quality carbon projects at scale.
      • The global voluntary carbon market is expected to be worth $200 billion by 2050.
  2. Union Bank of India has launched Uni-VerseMetaverse Virtual Lounge & Open Banking Sandbox environment.
      • The bank has also set “RACE” as its aim for 2022.
  3. Indian Bank has signed an MoU with SRM University, Andhra Pradesh to provide loans of up to Rs 50 crores to startups incubated by Hatchlab Research Centre (an incubator) of the University.
      • The funding will be given under the IND-Spring Board initiative of the Indian Bank.
  4. HDFC Bank has raised up to $300 million in NRE (Non Resident External Account) deposits by offering up to 50 basis points more than the prevailing rates.
      • The Middle East led the list of new NRI depositors.
  5. American Express has launched a cross-border payments platform for small to medium-sized businesses called Global Pay.
      • It will act as a digital solution for US businesses to secure domestic and international B2B payments.
      • Global Pay is open to eligible American Express Small Business Card Members in the U.S.
  6. Rakesh Jhunjhunwala’s Akasa Air, India’s newest airline, has operated its first flight from Mumbai to Ahmedabad.
  7. National Internet Exchange of India (NIXI) has offered ‘.(Dot) IN’ and ‘.(Dot) भारत domains registration at Rs 75 for one year under its ‘Har Ghar Digital, Har Jeevan Digital’ campaign.
      • The campaign is dedicated to the India’s 75th Independence Day and the campaign offer will be available till 20th of this month.

Appointments

  1. Viswanathan Anand has been elected as the vice president of FIDE (International Chess Federation) in Lausanne, Switzerland.
      • Arkady Dvorkovich (from Russia) has been re-elected as President of FIDE.

Sports

  1. Mastercard has become the title sponsor for all matches of Board of Control for Cricket in India (BCCI).
  2. Chess prodigy V Pranav became India’s 75th Grandmaster by winning Limpedea Open in Baia Mare, Romania.
  3. 2022 Citi Open (aka Washington Open) was held at William H.G. FitzGerald Tennis Centre, Washington DC, USA.
      • The tournament is played outdoor on hard court.
      • Men’s Singles (ATP 500) winner – Nick Kyrgios (Australia)
      • Women’s Singles (WTA 250) winner – Liudmila Samsonova (Russia)
  4. India has defeated West Indies by 88 runs in the fifth and final T20 International to win the five-match series 4-1 at Lauderhill in Florida, United States.
  5. Commonwealth Games 2022 in Birmingham, UK
      • Top – Australia (total -178; Gold- 67)
      • India – 4th rank (total – 61; Gold- 22; Silver- 16; Bronze- 23)
      • Gold medallists –
i. PV Sindhu (women’s singles badminton)ii. Lakshay Sen (men’s singles badminton)
iii. Mirabai Chanu (women’s weightlifting)iv. Achinta Sheuli (men’s weightlifting)
v. Bajrang Punia (wrestlers)vi. Deepak Punia (wrestlers)
vii. Sakshi Malik (wrestlers)viii. Nikhat Zareen (boxing)
ix. Eldhose Paul (men’s triple jump)x. Vinesh Phogat (wrestler)
xi. Ravi Dahiya (boxing)xii. Amit Panghal (boxing)
xiii. Nitu Ghanghas (boxing) xiv. Naveen (freestyle wrestling)
xv. Jeremy Lalrinnunga (weightlifting)
CEO of Anujjindal.in

About Anuj Jindal

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Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.

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