Current Affairs for Competitive Exam by Gkseries –25 & 26 September 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 25 & 26 September 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 – 25 & 26 September 2022
China discovers new type of mineral on Moon
China discovers new type of mineral on Moon: A new type of crystal was discovered by researchers in China from the near side of the Moon.
September 2022 Current Affairs Quiz
Key facts
- The newly discovered crystal was named Changesite-(Y) after the Chinese moon goddess Chang’e.
- This small and transparent crystal was found among the volcanic debris of the near side of the moon.
- It is more than a billion years old and its width is almost comparable to human hair.
- It has a unique composition and is related to other minerals found only found on the lunar surface or in meteors.
- The crystal was found among the 1.8 km of lunar rocks brought back by Chang’e-5 mission in 2020.
- These samples are the first to the delivered to the Earth from Moon since 1976 and the first ever lunar samples collected by China.
- The Changesite-(Y) crystal is the sixth new mineral to be discovered on the Moon and the first identified by China. The previous 5 discoveries were made by either the United States or Russia.
- The lunar samples from Chang’e-5 also had helium-3, a version of helium that is extremely rare on Earth but highly abundant on the Moon.
- It is seen as a potential source of fuel for nuclear fusion, as it is known to emit lesser radiation and nuclear wastes than other elements.
- It is found in abundant quantities as it was deposited directly onto the lunar soil for billions of years by solar wind.
- The availability of Helium-3 on Earth is few and far between. Hence, its discovery has triggered a potential lunar resource race.
- Several space-faring nations and private companies are looking to mine the moon for Helium-3, including the US and China.
About Chang’e-5 Mission
The Chang’e 5 is China’s first lunar sample-return mission launched in November 2020. It is China’s fifth lunar exploration mission. It returned the sample back to Earth in December 2020. It is the first lunar sample-return mission since the Soviet Union’s Luna 24 in 1976. With Chang’e 5 mission, China became the third country after the US and the USSR to return lunar samples to the Earth.
Banking System Liquidity turns to deficit mode
Banking System Liquidity turns to deficit mode: Banking system liquidity has turned into a deficit mode for the first time since May 2019.
September 2022 Current Affairs Quiz
Key facts
- On September 20 this year, the banking system liquidity situation has turned into deficit mode of Rs.21,873.4 crore.
- On the same day last year, the liquidity surplus was Rs.6.7 lakh crore.
- The deficit was caused because of increased bank credit, advanced tax payments by corporates, interventions by the Reserve Bank of India into the foreign exchange market and incremental deposit growth not keeping pace with the credit demand.
- The RBI’s persistent interventions to stop the fall of rupee against the US dollar is one of the causes of the deficit.
- As of August 26, the outstanding bank credit was Rs 124.58 lakh crore. This is a 4.77 per cent increase when compared to March 2022.
- However, the deposit growth was just 3.21 per cent during the same period.
- If the banking system liquidity is in deficit mode, it could cause a rise in the government securities yields and consequently result in an increase in interest rate for consumers.
- The short-term rates would increase at a faster pace if the liquidity is tight.
- An increase in repo rate would result in banks increasing their repo-linked lending rates and their funds-based lending rate, to which loans are linked to.
About banking system liquidity
Liquidity in banking system refers to the readily available cash the bank requires to meet the short-term business and financial needs. If the banking system is a net borrower from the RBI under the Liquidity Adjustment Facility (LAF), the banking system liquidity is said to be deficit. If the bank is the net lender to RBI, the system liquidity is surplus. Liquidity Adjustment Facility (LAF) is a tool used by the central bank to inject or absorb liquidity into or from the banking system in the country.
Nation Observes Antyodaya Divas 2022: 25 September
Nation Observes Antyodaya Divas 2022: 25 September: Antyodaya Diwas is celebrated annually on 25th September in India. It marks the birth anniversary of Indian leader Pandit Deendayal Upadhyaya and is celebrated in his honour to remember his life and legacy.
September 2022 Current Affairs Quiz
He was one of the most prominent personalities in the history of Indian politics. This year, the Antyodaya Diwas marks the 105th birth anniversary of Upadhyaya. He was the co-founder of Bharatiya Jana Sangh (BJS) and a Rashtriya Swayamsevak Sangh (RSS) thinker.
M Venkaiah Naidu released a book on PM Modi’s selected speeches
M Venkaiah Naidu released a book on PM Modi’s selected speeches: Former Vice President M Venkaiah Naidu released a collection of Prime Minister Narendra Modi’s selected speeches at Akashvani Bhawan in New Delhi.
September 2022 Current Affairs Quiz
The book titled “Sabka Saath Sabka Vikas Sabka Vishwas” Prime Minister Narendra Modi Speaks (May 2019-May 2020)’ was released in the presence of Kerala Governor Arif Mohammad Khan at a function here organized by the Ministry of Information and Broadcasting.
During the release of the book, former Vice President M. Venkaiah Naidu said that the book gives the readers a glimpse into PM Narendra Modi’s vision for India’s future and a clear roadmap of journey ahead, through his speeches on diverse topics of national importance.
ICC announced “Oval and Lord’s” to host World Test Championship finals
ICC announced “Oval and Lord’s” to host World Test Championship finals: The International Cricket Council has announced that the World Test Championship 2023 Final will be hosted by The Oval in June 2023 while the 2025 final will be played at Lord’s.
September 2022 Current Affairs Quiz
The two venues in London will succeed Southampton, which hosted the inaugural final between New Zealand and India in 2021. New Zealand emerged as the victors in the first edition.
The top two teams from the World Test Championship standings will make it to the finals with Australia and South Africa currently leading.
Nirmala Sitharaman to launch e-learning platform Bharat Vidya
Nirmala Sitharaman to launch e-learning platform Bharat Vidya: Union Finance Minister Nirmala Sitaraman will launch the Bharat Vidya, which is an online learning platform for Oriental and South Asian Studies.
September 2022 Current Affairs Quiz
The Bharat Vidya is designed and developed by the Bhandarkar Oriental Research Institute (BORI). Bharat Vidya is a first-of-its-kind online platform, which will offer both free and paid courses covering various aspects of Indology about art, architecture, philosophy, language, and science.
The Bharat Vidya will have six courses at the beginning including Veda Vidya, Bharatiya Darshanshastra, Sanskrit learning, 18 Parvas of Mahabharata, Fundamentals of Archaeology, and Kalidasa and Bhasha. BORI will collaborate with Indian and Foreign universities for awarding credits for its courses. During the inaugural event, Finance Minister Nirmala Sitaraman announced that the courses offered complied with the New Education Policy (NEP) 2020.
UCO Bank becomes first lender to get RBI’s approval for rupee trade
UCO Bank becomes first lender to get RBI’s approval for rupee trade: UCO Bank has received the approval of the Reserve Bank of India to open a special Vostro account with Gazprom Bank of Russia for trade settlement in Indian rupees.
September 2022 Current Affairs Quiz
UCO Bank which is a Kolkata-based lender is the first bank to receive the regulator’s approval following the decision of RBI to allow Indian Banks to settle trade in Indian currency in July.
UCO Bank was formerly known as United Commercial Bank which was established in 1943 in Kolkata. It is one of the nationalized banks in India. It is under the ownership of the Ministry of Finance, Government of India.
TerraPay partnered with NPCI to enable cross-border transactions via UP
TerraPay partnered with NPCI to enable cross-border transactions via UP: Netherlands-based TerraPay has partnered NPCI International Payments Limited to enable seamless merchant payments via UPI-enabled QR codes.
September 2022 Current Affairs Quiz
Customers and merchants in India with an active Unified Payments Interface Id (UPI Id) will now be able to initiate and accept cross-border payments seamlessly by leveraging TerraPay’s infrastructure and the UPI network.
The UPI-enabled QR code-based service will allow Indian customers with active UPI IDs to make transactions through 350 million bank accounts across the globe. The firms seek to expand the use of UPI payments and QR for international transactions by merchants. The customer-initiative UPI payments and QR transactions require two-factor authentication. The two-factor authentication is capable of minimizing disputes and issues related to grievance redressal.
India to Invest $30 billion for 4G, 5G
India to Invest $30 billion for 4G, 5G: India will invest $30 billion for ensuring last mile accessibility to 4G and 5G services in every village, said telecom minister Ashwini Vaishnaw at Global Fintech Fest on Thursday. “We are investing close to $30 billion to ensure last-mile network accessibility for 4G and 5G in every village across the country. So far we have been able to reach out to over 1.5 lakh gram panchayats. We are now building a highway – creating a whole ecosystem of village entrepreneurs, channelizing the energies of youngsters to take good quality, high-speed data connectivity to every village in the country while making them a part of the growth journey,” he said. The minister emphasised. “We have tested this model and approximately 80,000 new connections are now being facilitated every month,” he added.
September 2022 Current Affairs Quiz
Vaishnaw said there are three key areas in fintech for the government – building a robust digital infrastructure and a digital regulatory framework, along with social inclusion and the societal imperatives around it. Sharing his views on the digital regulatory framework, the minister said that telecom is the very foundation of Digital India.
“Prime Minister Narendra Modi has given us a clear mandate to overhaul our digital regulatory framework such that it is globally benchmarked and endorses global competitiveness,” said Vaishnaw. Talking about the integration of payment systems across the transportation sectors, he said that while a project was taken up on common mobility, “the way technology has evolved over the last 5-10 years, I think instead of a card, probably the mobile phone itself will become the common integrating factor”.
About Telecom Bill:
“We are currently looking at 3-4 legislations cumulatively inclusive of the new telecom bill, the Digital Personal Data Protection Bill and the IT Act of 2000 to create an interactive framework in which the industry’s concerns are addressed by the government and government’s concerns are duly taken into consideration by the industry. Technological navigation has to be modulated such that the interests of end users are protected,” he said.
World Contraception Day 2022 observed on 26th September
World Contraception Day 2022 observed on 26th September: World Contraception Day is celebrated every year on 26 September all over the world. Apart from India, in many countries, information is given from time to time to bring awareness about contraception among the people. Celebration of this day started from 26 September 2007. The purpose of celebrating World Contraception Day is to educate today’s young generation about sexual awareness. To give information to the people by organizing programs from time to time. To educate the younger generation about contraceptive measures. In this program people are told about the prevention of conception.
September 2022 Current Affairs Quiz
World Contraception Day 2022: Significance
According to the World Health Organization, the significance of World Contraception Day is captured in the 2030 Agenda for Sustainable Development. It aims, “By 2030, ensure universal access to sexual and reproductive healthcare services, including family planning, information and education, and the integration of reproductive health into national strategies and programs.”
It is marked by the creation of effective online and offline campaigns to decipher the main goal and make it reach millions of people. Events that discuss maternal mortality, unintended pregnancy, and lack of contraceptives, family planning, and more are also organized.
World Contraception Day 2022: History
The first-ever World Contraception Day was observed on September 26 in 2007. On that day, 10 international family planning organizations pushed forward the idea of using contraceptives to enable a planned decision about starting a family, leading to the hope that every pregnancy becomes wanted. The day is now supported by a coalition of about 15 international NGOs, medical and scientific communities, and governmental organizations for imparting the right knowledge about sexual and reproductive health.
International Day for the Total Elimination of Nuclear Weapons 2022
International Day for the Total Elimination of Nuclear Weapons 2022: International Day for the Total Elimination of Nuclear Bombs is observed on September 26 each year. The aim of the day is to enhance public awareness about the threat posed to humanity by nuclear weapons and the necessity for their total elimination. It provides an opportunity to educate the public and their leaders about the real benefits of eliminating such weapons, and the social and economic costs of perpetuating them.
September 2022 Current Affairs Quiz
International Day for the Total Elimination of Nuclear Weapons 2022: History
In 1946, the General Assembly’s first resolution established that the Atomic Energy Commission has the mandate to make specific proposals for the control of nuclear energy and the elimination of not only atomic weapons but also all other major weapons adaptable to mass destruction.
The General Assembly endorsed the objective of general and complete disarmament in 1959. The first Special Session of the General Assembly Devoted to Disarmament, held in 1978, further recognized that nuclear disarmament should be the priority objective in the field of disarmament. This goal has been actively promoted by every United Nations Secretary-General.
The international arms-control framework contributed to international security since the Cold War. It also acted as a brake on the use of nuclear weapons. On July 7, 2017, the Treaty on the Prohibition of Nuclear Weapons was adopted. This Treaty is so important since it is the first multilateral legally-binding instrument for nuclear disarmament to have been negotiated in 20 years. On August 2, 2019, the United States’ withdrawal spelt the end of the Intermediate-Range Nuclear Forces Treaty, though the United States and the Russian Federation had previously committed to eliminating an entire class of nuclear missiles. September 26 is commemorated by the General Assembly as the International Day for the Total Elimination of Nuclear Weapons.