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 26 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 – 26 August 2022
Ukrainian President, Zelenskyy to be conferred with Liberty Medal
Ukrainian President, Volodymyr Zelenskyy will be conferred with the 2022 Liberty Medal.
The National Constitution Center has announced that Zelenskyy will be honored in a ceremony in October 2022 for his heroic defense of liberty in the face of Russian tyranny.
The Liberty Medal was established in 1988 to mark the U.S. Constitution’s bicentennial. It is presented to individuals who strive to secure the blessings of liberty for people around the globe.
India’s first observatory to monitor space activity in Uttarakhand
The first commercial space situational awareness observatory of India will be set up in the Garhwal region of Uttarakhand by Digantara, a space sector start-up.
Aim: To track objects as small as 10 cm in size orbiting the earth.
The space situational awareness (SSA) observatory will help in tracking any activity in space. This observatory will strengthen indigenous capabilities of India to monitor space activity over the subcontinent providing a strategic advantage.
Vikram Doraiswami appointed as High Commissioner of India to UK
Vikram Doraiswami, who is presently serving as the Indian High Commissioner to Bangladesh, has been appointed as the next High Commissioner of India to the UK.
He started his career as the journalist and joined the Indian Foreign Service (IFS) in 1992.He had also served as the Third Secretary in the Indian Embassy in Hong Kong in May 1994.He has also served as Private Secretary to the Prime Minister of India.
He is fluent in Chinese, French and Korean.
PNB launches Pre-Qualified Credit Card facility
PNB has launched pre-qualified credit card which also including insurance coverage. It has also introduced a facility of overdraft against fixed deposit on PNB One in a few clicks and a single OTP. This card facility will be available for salary account customers and they will be able to apply through PNB One, or website. There is a concession of 0.25% on the interest rate when applied through digital platforms like PNB One.
Payment gateways: RuPay and Visa
BASIX, Mastercard partner to digitize the rural ecosystem in Maharashtra
BASIX Social Enterprise has launched BASIX Farmers’ Market (BFM) (AgriTech platform) in partnership with Mastercard.
Objective: To integrate farmers into the digital economy.
BFM will leverage technology capabilities of Mastercard and deep industry expertise of BASIX in agriculture to improve the lives of small and marginal farmers. This platform will digitizes data and workflows for FPOs with strong controls on data privacy and security.
CEO BASIX: Sattaiah Deverakonda
RBI becomes Net Seller in June 2022 by selling 3.719 billion USD
Reserve Bank of India has become the net seller of the US currency in June 2022 after selling USD 3.719 billion on a net basis.
The central bank has purchased USD 18.96 billion from the spot market and sold USD 22.679 billion. In June 2021, RBI was net buyer of the greenback after it purchased USD 18.633 billion on a net basis from the spot market.
In May 2022, the RBI has net bought USD 2.001 billion (Purchased USD 10.143 billion and sold USD 8.142 billion).
RBI lifted restrictions on American Express Banking Corp
The Reserve Bank of India has lifted the business restrictions on American Express Banking Corp and allows to restart onboarding of new domestic customers on its card network.
Background:
RBI had put the curbs on American Express in May 2021.
Reason: For not complying with a circular issued on storage of payments data in 2018.
American Express is payment system operators authorised to operate card networks in India under the Payment and Settlement Systems Act, 2007.
Former VP, M Venkaiah Naidu launches a book titled, ‘New India’
Former Vice President, M Venkaiah Naidu has released a book titled, ‘New India – a compilation of selected articles 2014-19’ of former Union Minister Arun Jaitley on his death anniversary (24 August) in New Delhi.
Arun Jaitley has served as the Minister of Finance and Corporate Affairs of the Government of India from 2014 to 2019. He was awarded the Padma Vibhushan (second highest civilian award of India), posthumously in 2020 in the field of Public Affairs.
VVS Laxman appointed as the interim head coach of India for Asia Cup 2022
The chief of the National Cricket Academy (NCA), VVS Laxman has been named interim head coach of Team India in Dubai for the 2022 Asia Cup.
This decision was confirmed by BCCI, as Rahul Dravid, India’s head coach, did not travel with the team after testing positive for COVID-19. Rohit Sharma and KL Rahul will lead the team as captain and vice-captain respectively for the Asia Cup 2022. Team India will play their first match of the tournament against Pakistan.
Indian scientist Samir V Kamat appointed as DRDO Chairman
The Defence Research and Development Organisation (DRDO) on Thursday appointed distinguished scientist, Dr Samir V Kamat, as chairman.
Kamat, who is Director General, Naval Systems & Materials (NS&M), will succeed G Satheesh Reddy, who has been named as scientific adviser to Defence Minister Rajnath Singh, according to a Personnel Ministry order. Reddy was appointed as DRDO chief in August 2018 for two years. He was given two years’ extension in the post in August 2020. Kamat, who is Director General, Naval Systems & Materials, at the DRDO will succeed G Satheesh Reddy who has been named as scientific adviser to Defence Minister Rajnath Singh.
Key points:
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Kamat as Secretary of the Department of Defence Research and Development and Chairman of DRDO from the date of his assumption of charge till he attains the age of 60 years.
The ACC also approved the appointment of Reddy as scientific adviser to the defence minister, the order said. Reddy was appointed as DRDO chief in August 2018 for two years. He was given two years extension in the post in August 2020.
About the DRDO:
The Defence Research and Development Organisation is the premier agency under the Department of Defence Research and Development in the Ministry of Defence of the Government of India, charged with the military’s research and development, headquartered in Delhi, India. It was Founded in 1958.
GoI named former CEA K Subramanian as Executive Director for India at IMF
Former Chief Economic Adviser KV Subramanian was on Thursday appointed as the Executive Director for India at the International Monetary Fund (IMF), an official order said. Subramanian’s term will begin from November and will continue for a period of three years or until further orders, whichever is earlier, by curtailing the tenure of eminent economist Surjit S Bhalla as ED (India), IMF up to 31 October, 2022.
Bhalla was appointed as the Executive Director for India on the board of the IMF in 2019. He succeeded former RBI deputy governor Subir Gokarn, who died in the US on 30 July after a brief illness.
About the KV Subramanian:
Subramanian holds an MBA and Doctor of Philosophy (PhD) in financial economics from University of Chicago Booth School of Business. His PhD was completed under the supervision of former RBI governor Raghuram Rajan. He is also an alumnus of the IIT, Kanpur where he studied electrical engineering, as well as the Indian Institute of Management, Calcutta.
International Dog Day 2022 celebrates on 26th August
International Dog Day is observed every year on August 26. The day provides an opportunity for dog lovers to celebrate the day of their special friend who showers them with unconditional love and affection. International Dog Day 2022 also encourages people to adopt dogs and provide them with the better quality of life they deserve. Dog Day 2202 also disrupts the misconceptions of adopting and breeding only a particular breed of dogs and promotes the adoption and nurturing of stray dogs as well.
The aim of promoting this day is to raise awareness about adopting these animals who are currently in rescue centres. on this day promote dog ownership of all breeds, pure and mixed. Embrace National Dog Day as an opportunity for all dogs to live a safe, happy and abuse-free life.
History of the International Dog Day:
The day was started as National Dog Day in the US in 2004 by pet & family lifestyle expert, animal rescue advocate, conservationist and dog trainer Colleen Paige. August 26 was chosen as on this day, Paige’s family had adopted their first dog “Sheltie” from an animal shelter when she was just 10 years old. Not only this, Colleen is the founder of National Puppy Day, National Cat Day, and National Wildlife Day as well.
