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 4&5 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 – 4 & 5 August 2022
Commonwealth Games 2022: Murali Sreeshankar wins silver in long jump
Murali Sreeshankar won the silver medal in the men’s long jump at the ongoing Commonwealth Games 2022 with a best jump of 8.08m. He achieved the feat with his fifth jump, having spent most of the final out of the medal spots. Bahamas’s Laquan Nairn won the gold medal. Nairn also had a best jump of 8.08m but his second best of 7.98m was better than 7.84m of Sreeshankar. Under rules, if two jumpers are tied on the same distance, the one who has a better second-best effort will be ranked ahead.
About the Murali Sreeshankar:
Murali Sreeshankar (born 27 March 1999), commonly known as M. Sreeshankar, is an Indian athlete who competes in the long jump event. He holds the national record of 8.36 metres set in 2022. In March 2018, Sreeshankar cleared a 7.99 m jump at the Federation Cup in Patiala. He was named in the Indian contingent for the 2018 Commonwealth Games but had to pull out 10 days before the April event after being diagnosed with appendicitis.
Commonwealth Games 2022: Sudhir won the gold medal in men’s heavyweight para powerlifting
India’s Sudhir claimed the gold medal in men’s heavyweight para powerlifting event at the Commonwealth Games here on Thursday.
Sudhir, an Asian Para Games bronze medallist, lifted 208kg in his first attempt before increasing it to 212kg in his second effort to gather 134.5 points and break the Games record. . Ikechukwu Christian Obichukwu won the silver with 133.6 points, while Micky Yule bagged the bronze with 130.9 points.
The 27-year-old Sudhir, who has an impairment due to the effects of polio, thus opened India’s para sports medal account in the ongoing CWG.
The career of Sudhir:
Sudhir had won a bronze in men’s up to 88kg with the best lift of 214kg at the World Para Powerlifting Asia-Oceania Open Championship in South Korea in June. Sudhir, who had started powerlifting in 2013 in Sonipat, has also qualified for Hangzhou 2022 Asian Para Games, which was postponed to next year.
Former Australian boxing world champion Johnny Famechon passes away
Former boxing world champion Johnny Famechon has died in Melbourne after a lengthy illness. He was 77. He was associated with professional boxing for more than 20 years and had a record of 56 wins, which includes 20 by knockout, six draws and five losses.
The Sport Australia Hall of Fame announced Famechon’s death in a statement on Thursday. Famechon was struck by a car while jogging in 1991 in Sydney which caused him to suffer a stroke and resulted in an acquired brain injury. The Australian boxer’s most memorable world title victory was his WBC points decision win against Cuban Jose Legra at London’s Albert Hall in 1969. Famechon boxed professionally for more than 20 years and had a record of 56 wins, 20 by knockout, six draws and five losses.
Johnny Famechon was one of the most popular Australian boxers of all time. Johnny was our humble, skilful world champion, showing the essence of how we see our heroes. He was described as poetry in motion, a master craftsman.
Supreme Court Remarks On Freebie Culture
The Supreme court in its judgment said that, Distribution of freebies of any kind, undoubtedly, influences all people and helps in the electoral politics. The Supreme Court, on July 26, had sought a reply from the Centre whether a body like the Finance Commission can regulate freebies. It also sought to know whether revenue allocation to states could be regulated by taking into account the amount a state has spent on “unnecessary freebies”, especially ahead of elections.
ECI Response with regards to this:
The Election Commission of India(ECI) said that, it can neither stops the political parties from making promises of freebies nor act against them in absence of a law to de-register political parties for making any unreasonable promises to the voters.
Impact Of Freebies:
1.The continuity of freebies is another major disadvantage as parties keep on coming up with lucrative offers to lure more number of votes to minimize the risk of losing in the elections.
2.People forget that such benefits are been given at the cost of the exchequer and from the tax paid. Which ultimately impacts the economic health of the state.
3.The politicians and middlemen wipe away the benefits and the poor have to suffer as they are deprived of their share of benefits which was to be achieved out of the money. So, ultimately the poor have to take all the burden.
4.Such distribution freebie commodity largely disrupts demand-supply dynamics and hence puts pressure on the prices of the commodities.
5.The psychologically driving sections of the population expect and the government promptly responds with immediate monetary relief. A short-term phenomena which affect long term prospects of the country and the people as a whole.
Suggestion:
The Finance Commission, while making allocations to the States, can take into account the debts of each state and examine whether offers of freebies would be viable for them or not, and act accordingly, so that a parity would be achieved.
Fintech platform BharatPe named Nalin Negi as new CFO
Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for its initial public offering (IPO). In his new role, Negi will take charge of the finance function for BharatPe and will be working towards making the company EBITDA positive by March 2023. Ebitda stands for earnings before interest, taxes, depreciation, and amortization. He will report to Suhail Sameer, CEO, BharatPe and work closely with the Board of BharatPe, the company said in a statement.
In April, the company announced the appointment of Smriti Handa as the Chief Human Resources Officer. The new appointment comes after BharatPe Co-founder Bhavik Koladiya moved on from the company to pursue other assignments. The company has seen several high-profile exits in recent months, including Ashneer Grover (who triggered a major controversy at the platform); Chief Revenue Officer Nishit Sharma; and Head of Institutional Debt Partnerships, Chandrima Dhar.
About the BharatPe:
“BharatPe is a truly ‘Indian’ payments company serving offline retailers and businesses. We empower the merchants to accept UPI payments for ‘FREE’ through the BharatPe QR. Merchants can sign up instantly and start receiving the funds immediately in their bank account.
Kerala CM launched eggs and milk scheme for Anganwadi children
Kerala Chief Minister Pinarayi Vijayan on Monday inaugurated a project of the Women and Child Development department to provide milk and eggs to children at all anganwadis in the state in a bid to improve their nutrition levels. The state government has set aside over Rs 61.5 crore to include milk and eggs in the Anganwadi menu this financial year.
About the eggs and milk scheme:
Under this scheme, which is considered as a first in the country, each child will be given 125 ml of milk two days a week for 44 weeks (10 months) and an egg twice a week. Under this project, four lakh children in the age group of 3-6 from the 33,115 anganwadis of the state will receive eggs and milk twice a week. The introduction of milk and eggs for Anganwadi children is intended to improve their nutritional parameters and assumes significance as ending hunger is one of the Sustainable Development Goals (SDGs) established by the United Nations.
For next “Make in Odisha” summit in 2022, Odisha and FICCI ink an MoU
A Memorandum of Understanding between the state-run Industrial Promotion and Funding Company of Odisha and the enterprise organisation Federation of Indian Chambers of Commerce and Business (FICCI) designates the latter as a nationwide business companion for the Make in Odisha Conclave 2022. The Odisha authorities’s Principal Secretary for Industries, Hemant Sharma, emphasised that “Make in Odisha” is the state’s most entrepreneurial occasion and attracts buyers, businesspeople, and industrialists alike.
Make in Odisha: KEY POINTS:
- Pratap Keshari Deb, the Minister for Industries, MSME, and Energy for the Government of Odisha, stated that the Make in Odisha Conclave will be held for the third time this year.
- The inaugural version in 2016 acquired roughly Rs 2 Lakh Crore in funding intent, which was an amazing response.
- The Minister added that the state’s progress fee was 10.1%, making it one in every of India’s fastest-growing economies. With a 56% share of the economic gross worth added, the manufacturing sector expanded by 14.3% in 2021–2022 in comparison with the mining business’s 18.1 % progress.
- He also drew emphasis to the fact that due to its natural resources and ecosystem advantage, Odisha has grown to be a preferred location for enterprises in the metal and related sectors.
Odisha Government’s Steps:
- The Odisha government has made proactive steps to diversify the state’s economic ecosystem, putting particular emphasis on industries like chemicals and petrochemicals, textiles, and apparel.
- The Minister added that the state’s progress fee was 10.1%, making it one in every of India’s fastest-growing economies. With a 56% share of the economic gross worth added, the manufacturing sector expanded by 14.3% in 2021–2022 in comparison with the mining business’s 18.1 % progress.
- The proactive approach of the state government, led by Chief Minister Naveen Patnaik, the investment potential across industries, and the emphasis on ease of doing business were cited by Arun Chawla, Director General of FICCI, as the state’s main advantages.
Indian Judoka Tulika Maan won silver in 2022 CWG
Indian Judoka, Tulika Maan has claimed Silver medal in women’s 78 kg category at Commonwealth Games 2022 in Birmingham. This is India’s third medal in Judo this Commonwealth Games.
Other winners:
Indian weightlifter, Gurdeep Singh won bronze medal in the men’s 109-plus kg final. Indian Saurav Ghosal won bronze medal in squash men’s singles. India’s Tejaswin Shankar won bronze, India’s first medal in athletics at CWG 2022 in the men’s high jump.
Agri Infra Fund awards presented by Union Agriculture Minister
Narendra Singh Tomar ( Minister for Agriculture) has presented Agri Infra Fund awards under various categories to honour Banks and State Governments.
- Best Performing Banks: SBI, PNB and Bank of India.
- Banks valuable contribution category: Bank of Baroda, Central Bank of India, Canara Bank and Kotak Mahindra
- Best performing State: Madhya Pradesh
- PACS application:
- Best performer in sanction : Andhra Pradesh
- Best performer in faster disposal: Karnataka
Sebi restructures advisory committee on market data
Sebi has restructured advisory committee on market data, that recommends policy measures pertaining to securities market data access and privacy.
The market data advisory committee will now have 20 members (earlier 21 members). Sebi has replaced former MD and CEO of NSE, Vikram Limaye by NSE current chief, Ashishkumar Chauhan. The committee is chaired by S Sahoo Professor at National Law University.
SEBI Chairperson: Madhabi Puri Buch
IFS officer Shweta Singh appointed as Director in PMO
IFS Shweta Singh, a 2008-batch IFS officer, has been appointed as a director in the Prime Minister’s Office (PMO). Her appointment has been approved by the Appointments Committee of the Cabinet (ACC) for a period of three years from the date of her joining.
The ACC has also cancelled the appointment of Aniket Govind Mandavgane, a 2009-batch IFS officer, as the Deputy Secretary in the PMO, who was appointed on July 18.
RBI’s Financial Inclusion Index shows growth
The financial inclusion (FI) index of Reserve Bank of India’s (RBI) has increased to 56.4 in March 2022 from 53.9 in March 2021. It shows growth in across all sectors across the country. Financial inclusion index was constructed to capture the extent of financial inclusion across the country.
Sectors: Banking, investments, insurance, postal, pension sector.
This index has been created without any base year, and published in July every year.
Suresh N Patel Sworn-in as the Central Vigilance Commissioner
Vigilance Commissioner, Suresh N Patel has been appointed as the Central Vigilance Commissioner, after a post fell vacant for a year. He has been working as the acting Central Vigilance Commissioner since June 2022. CVC Patel has administered the oath of office to Arvind Kumar (former IB chief) and Praveen Kumar Srivastava (ex-IAS officer) as vigilance commissioners. The tenure of a CVC and vigilance commissioner: Four years or till attains the age of 65 years.
