Current Affairs for Competitive Exam by Gkseries –24 August 2022
Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 24 August 2022, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.
Current Affairs for Competitive Exam – 24 August 2022
Veteran producer Abdul Gaffar Nadiadwala passes away
Veteran filmmaker, Abdul Gaffar Nadiadwala, fondly known as Gaffarbhai, has been passed away at the age of 91 due to cardiac arrest.
He was known for his films including Mahabharat (1965), Jhutha Sach (1984), Lahoo Ke Do Rang (1997), Hera Pheri (2000), Welcome (2007) & More.
He had started his film production and media entertainment company in 1953. His first film as a producer was the Dharmendra and Rekha-starrer family drama Jhutha Sach.
Uttar Pradesh govt planning to build India’s first education township
The Uttar Pradesh government is planning to build an education township in the state, will be developed on the idea of ‘Single Entry, Multiple Exit’ (come like a blank paper and carry multiple skills).
Aim: To enhance quality education in the state.
This will provide high-quality education to the youth and equip them with a variety of professional skills in a single place. The similar education township concept has already exist in the city of Pittsburgh, USA.
Chandigarh Airport to be renamed as Shaheed Bhagat Singh
The Punjab and Haryana governments have been agreed to rename Chandigarh’s international airport after the freedom struggle icon Shaheed Bhagat Singh.
The collective decision was taken by Punjab Chief Minister, Bhagwant Mann and Haryana Deputy CM, Dushyant Chautala.The terminal building of airport falls in Punjab’s Mohali town.
This airport project is a joint venture of the Airports Authority of India (AAI) and the governments of Punjab and Haryana.
CM Ashok Gehlot unveils Rajiv Gandhi Centre for Advanced Technologies
Rajasthan’s Chief Minister, Ashok Gehlot has inaugurated Rajiv Gandhi Centre for Advanced Technologies (R-CAT) in Jaipur and three incubation centres in Kota, Bikaner and Churu that will promote the start-up culture in the state. The inauguration ceremony of RCAT was held on DigiFest 2022 at Birla Auditorium.
RCAT would provide an opportunity for the state’s youth to learn advanced and emerging technologies in areas like Artificial Intelligence, Cloud Computing.
Sebi joins RBI account aggregator ecosystem
SEBI has joined the Account Aggregator framework of RBI, this will boost the regulated financial-data sharing system.
It will allow customers to share information about their mutual fund and stock holdings with financial service providers. The account aggregator (AA) is a licensed by the RBI to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs).
The user has to give consent while sharing data.
Indian men’s volleyball team wins bronze in 14th Asian U-18 Championship
Indian men’s volleyball team won bronze medal after defeating South Korea by 3-2 in the 14th Asian U-18 Championship in Tehran. In the preliminary league round, India defeated Korea but lost to Iran in the semifinal.
The Indian U-18 team has been qualified along with Japan, Iran, and South Korea for the FIVB World U-19 Men’s Volleyball Championship. Japan has secured the gold after beating Iran (Silver) in the final match.
ADB to provide $96.3 million loan to Himachal Pradesh
India has signed USD 96.3 million (Rs 769 crore) loan agreement with the Asian Development Bank (ADB) for safe drinking water and improve water supply and sanitation services in Himachal Pradesh.
This agreement was signed between the multilateral lending agency and the central government. The project will buildup the capacity of the Jal Shakti Vibhag of the Government of Himachal Pradesh and gram panchayat village water and sanitation committees.
ADB established: 1966
IREDA signs with MAHAPREIT for green energy projects
Indian Renewable Energy Development Agency (IREDA) has signed an agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) to provide loans for green energy projects. IREDA will provide financial facilities and techno-financial consultancy to MAHAPREIT for renewable energy.
MAHAPREIT is a wholly owned subsidiary of MPBCDC (49% of Govt. of India and 51% of Govt. of Maharashtra).
IREDA Chairman & Managing Director: Pradip Kumar Das.
Royal Enfield partners with UNESCO to promote cultural heritage of India
Royal Enfield and UNESCO (the United Nations Educational, Scientific and Cultural Organisation) have been partnered to promote and safeguard the ‘Intangible Cultural Heritage’ of India.
UNESCO has been running a movement to identify, document and preserve the Intangible Cultural Heritage of India.
India is one of the 178 countries, who had adopted the 2003 UNESCO Convention for the Safeguarding of the Intangible Cultural Heritage, for decades.
India nominates GARBA to be inscribed on UNESCO’s intangible heritage list
India has nominated Garba to inscribe on UNESCO’s intangible cultural heritage list for 2022. Last year, Durga Puja was also listed on the UNESCO intangible cultural heritage representative.
India was elected by UNESCO to serve on the distinguished Intergovernmental Committee of the 2003 Convention for the Safeguarding of the Intangible Cultural Heritage in July.
Kalbelia dance was listed in UNESCO’s representative list of the Intangible Cultural Heritage of Humanity.
India’s 1st IAC Vikrant to be commissioned on September 2
As per the official sources, PM Modi will commission the India’s first indigenously-built aircraft carrier (IAC) Vikrant on September 2, 2022.
The four trial phases of IAC Vikrant was completed on 10th July 2022. The IAC Vikrant was designed by Indian Navy’s in-house Directorate of Naval Design (DND) and built by the Cochin Shipyard Limited.
The IAC is 262 metres long, 62 metres wide and has a height of 59 metres. The construction of IAC Vikrant was began in 2009.
Defence Minister Hold Meetings In Tashkent
Defence Minister Rajnath Singh held a bilateral meeting with Uzbekistan counterpart Lt Gen Bakhodir Kurbanov on Tuesday. “Raksha Mantri Shri @rajnathsingh at the bilateral meeting with the Defence Minister of Uzbekistan, Lt Gen Bakhodir Kurbanov in Tashkent,” the office of the Defence Minister of India tweeted. During the Annual Meeting, the SCO Member States will discuss defence cooperation and it is expected that a joint communique will be issued after the deliberations. Rajnath Singh’s address at the meeting is slated to be held on August 24, 2022.
All About This Tour:
Defence cooperation issues among the SCO Member States will be discussed during the SCO Defence Ministers’ meeting. During his stay in Tashkent, Mr Singh will pay homage at the monument of Late Prime Minister Lal Bahadur Shastri and also meet the Indian Diaspora in Uzbekistan.
A Note On SCO:
- The Shanghai Cooperation Organization consists of Nine-member. Now the full time member have bacame Nine after the Conversion of Iran Status to Full time Member from Oberserver Status, in the 21st Summit of the Shanghai Cooperation Organisation which was held recently by video Conferencing mode in Dushanbe, Tajikistan.
- Shangai Cooperation Organisation was established on 15 June 2001 in Shanghai, China by the Heads of following nations, China, Kazakhstan, Kyrgyzstan. Russia, Tajikistan, and Uzbekistan.
- These nations, except for Uzbekistan, had been members of the Shanghai Five group which was formed on 26 April 1996 by the Treaty of Deepening Military Trust in Border Regions.
- India and Pakistan signed the memorandum of obligations (MOB) in June 2016 in Tashkent, Uzbekistan, hence intiating the formal process of joining the as full members
Leading Economists Expects Q1 GDP Growth At 13-15.7%
Leading economists have pencilled in a high 13-15.7 per cent uptick in the economy in the first quarter of 2022-23 with an upward bias. Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, on Tuesday said he expects the GDP to clip past 15.7 per cent in the first quarter with more chances of the final numbers printing in higher, while Aditi Nayar, the chief economist at the rating agency Icra, said the economy will grow much lower at 13 per cent in the June quarter.
Recent Trend:
While GDP contracted by 23.9 per cent in June 2020 due to the first wave of the pandemic, the same had given a higher boost in June 2021 clipping at 20.1 per cent, despite the period being more devastating in terms of loss of lives from the second wave of COVID-19. The Reserve Bank-led monetary policy committee in the August 5 policy review projected the economy to grow 16.2 per cent in the April-June quarter.
Other Prospects:
The high base effect along with the impact of the heatwave on wheat output, geo-political issues and elevated commodity prices on demand/margins will temper the pace of growth in Q1 at 13 per cent, Nayar of Icra said, adding the gross value added to come in at 12.6 per cent. Icra expects sectoral growth to be driven by the services sector which will log in 17-19 per cent growth, followed by the industry 9-11 per cent.
World Gujarati Language Day 2022: 24 August
World Gujarati Language Day 2022 is celebrated on 24th August every year. The day is celebrated to commemorate the birth anniversary of the great Gujarati writer Veer Narmad. “Gujarati Diwas” is celebrated because poet Narmad was considered the creator of Gujarati language. He made Gujarati literature international.
Who is Veer Narmad?
- Poet Veer Narmad was born on August 24, 1833 in Surat, Gujarat. He was from a Brahmin family. His full name was Narmadashankar Lalshankar Dave. His father Lalshankar lived in Mumbai. Narmad received his secondary education from the Elphinstone Institute. Earlier he wrote his compositions under the name Narmad. Narmad got married at the age of 11. After his primary education in Surat, he continued his education in Mumbai. Then, on the orders of his father-in-law, he came to Surat to take care of the family and started working as a school teacher for a salary of 15 rupees.
- After this he began to explain literature. Then he was working as a teacher in Mumbai. Narmad was a playwright, essayist, speaker, lexicographer and reformer under the British Raj whose poem “Jai Jai Garavi Gujarat” is now the state anthem of the Indian state.
World Gujarati Language Day Significance
People pay tribute to the poet who contributed significantly to the speech by also making a new Gujarati dictionary amid extreme tribulations. The dictionary contains words of all dialects with their diverse usages. Since then, looking at the historic Narmad philosophy, Vishwa Gujarati Diwas is observed annually to dedicate a day to the language and to the Gujarati culture.
U.K’s Growth -11% In 2020 Worst In 300 Years
Britain’s economy shrank by a record-breaking 9.9% in 2020, new figures by the Office of National Statistics show, highlighting the impact of Covid-19 restrictions, employment uncertainty and reduced demand, with limited growth in the final quarter narrowly avoiding a double-dip recession.
KEY FACTS
The 9.9% annual contraction is more than twice that seen in 2009 in the aftermath of the global financial crisis, and narrowly worse than the 9.7% slump during the crisis of 1921. The U.K. economy contracted by 9.9% in 2020, its largest annual contraction since the Great Frost of 1709, as the coronavirus pandemic ravaged economic activity.
Though the economy grew 1% in the last quarter when looser restrictions boosted the services industry, overall output was down 7.8% from the last quarter of 2019, the ONS said. The slump is twice that of the 2009 financial crisis and is possibly the worst in 300 years, with models from the Bank of England suggesting a decline of 13% during the Great Frost of 1709.
Some Positives:
While there are some positive signs of the economy’s resilience over the winter, we know that the current lockdown continues to have a significant impact on many people and businesses,” Rishi Sunak said, adding that his focus “remains fixed on doing everything we can to protect jobs, businesses and livelihoods. Strict public health measures and a resurgent wave of Covid-19 infections driven by a dangerous new variant of the virus have the U.K. economy likely falling again in 2021. While the U.K. has the worst coronavirus death rate in the world, it also has one of the best vaccination records, priming the country for an economic comeback.