Current Affairs 1st August 2022 Daily GK Update

Current Affairs 1st August 2022 Daily GK Update

Daily Current Affairs 2022: Daily GK update is the most important section for any competitive examination. Current affairs are generally asked from the last 5-6 months, so here, Ambitious Baba regularly updates the Daily GK Update & daily Current affairs 2022.

If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs 2022, Daily GK Update 2022. All the important updates based on current affairs 2022 are included in this Daily Current Affairs 2022 article.

All the serious candidates are advised to bookmark this page and read the GK Update on a daily basis. It will help you mug up the important current affairs 2022 / Daily GK Update for LIC, IBPSSBI POSSCRailwaysSBI Clerk 2022 State, and NRA CET Exam of 2022.

National News

Union Minister Narendra Singh Tomar to present Agriculture Infrastructure Fund Awards

  • Union Agriculture Minister Narendra Singh Tomar has presented Agriculture Infrastructure Fund Awards in New Delhi.
  • The Agriculture Infrastructure Fund was launched two years ago, under the ambitious Aatmanirbhar Bharat Package, as a dedicated Central Government scheme.
  • It provides a medium-long term credit facility for investment in the creation of post-harvest management infrastructure and community farming assets.
  • AIR Correspondent reports that as of now, out of 23,000 plus applications received on the integrated portal of Agri Infra Fund, 13,700 applicants have been sanctioned over Rs 10,000 crore. The sanctioned projects cover warehouses, assaying units, primary processing units, custom hiring centres, sorting and grading units, and cold-store and cold-chain projects.

Mastercard replaced Paytm as BCCI’s title sponsor

  • Mastercard has replaced Paytm as the title sponsor for all international and domestic cricket matches organized by the Board of Control for Cricket in India (BCCI).
  • Paytm held the rights till the end of 2023.
  • Mastercard will reportedly be assigned the rights till 2023, as per the original terms of the Paytm deal and will continue to pay Rs 3.8 Crore per match. Paytm, on the other hand, will have to pay a re-assignment fee of around Rs 16.3 Crore 5% of the original deal value (Rs 326.8 Cr).
  • Paytm and BCCI first inked a contract for the title sponsorship in 2015 for Rs 203 Crore for four years (i.e., Rs 2.4 Cr per match). The deal had been last renewed in August 2019 for up to March 2023 and Paytm would be placing a winning bid of Rs 3.80 Crore per match- a 58% increase from the previous deal.

About Mastercard

  • Founded -16 December 1966
  • Headquarters– New York, United States
  • CEO– Michael Miebach
  • Executive Chairman- Ajay Banga

IIT-M launched ‘Nilekani Centre’ to promote Indian language technology

  • The Indian Institute of Technology (IIT) Madras has launched the ‘Nilekani Centre at Al4Bharat‘ to promote the Indian language technology.
  • This Centre, inaugurated by Nandan Nilekani (co-founder of Infosys), is being supported by Rohini and Nandan Nilekani with a grant of Rs 36 crore through Nilekani Philanthropies.
  • The Al4Bharat was set up as an initiative of IIT Madras to build open-source language Al for Indian languages.

IIT Madras in News 2022

  • IIT Madras launches ‘Nilekani Centre at AI4Bharat’ to promote Indian language technology.
  • IIT Madras Retains Top Spot in National Institutional Ranking Framework (NIRF) India Ranking 2022.
  • Vedanta has partnered with Detect Technologies, a startup established at IIT Madras, and deployed T-Pulse HSSE Monitoring System.
  • IIT Madras creates robots to clean septic tanks without human under the name “HomoSEP,”.
  • Railway Ministry approved Rs. 8.34 crores collaborative project with IIT Madras on Hyperloop technology
  • IIT Madras establishes AquaMAP Water Management and Policy Centre
  • IIT Madras and RBI Innovation Hub make ties with Boost fintech startups

Sports Department of Punjab to hold ‘Khed Mela’ from August 29

  • The Sports Department of Punjab is going to organize ‘Punjab Khed Mela.
  • In the event, 30 sports will be held in six groups under 14 to 60 years veteran with an aim to identify talent, make a conducive environment for sports and increase health awareness.
  • Apart from the previously held under-14, under-17 and 17 to 25 age groups for the first time, there will also be competitions in the 25 to 40 year, 40 to 50 year and 50-to-60-year age groups.
  • The Mela will be held from block to the state level and will kick start on the occasion of the National Sports Day on the 29th of August.
  • The winners of the recognized sports competitions will be able to get grading in their respective sports, while the state-level winners will also be given cash prizes worth five crore rupees and certificates.
  • The competitions will be held in different sports disciplines including Athletics, Weightlifting, Badminton, Cricket, Cycling, Shooting, Archery, Bodybuilding, Fencing, Gymnastics, Rowing, Football, Softball, Hockey, Netball, Handball, Kick Boxing, Judo, Archery, Kabaddi, Gatka, Kho-Kho, Volleyball, Lawn Tennis, Table Tennis, Boxing, Swimming, Wrestling and Tug of War.

About Punjab

  • Capital – Chandigarh
  • Chief Minister – Bhagwant Mann
  • Governor – Banwarilal Purohit

Tamil Nadu government launched ‘Chief Minister’s Breakfast Scheme’

  • Tamil Nadu government has issued an order to implement the first phase of the Chief Minister’s Breakfast Scheme at 1,545 government primary schools.
  • It will benefit over 1.14 lakh children in Classes I-V during 2022-23.
  • The cost would be Rs. 33.56 crores.
  • Every student is to be provided a 150–500 gram breakfast with sambar with vegetables. On two days, the breakfast will be made of millets.

About Tamil Nadu

  • Capital – Chennai
  • Chief Minister – M K Stalin
  • Governor – R N Ravi

Recent Tamil Nadu govt schemes/apps/portals

  • e-munnetram web portal
  • Illam Thedi Kalvi’ Scheme
  • CM Dashboard Tamil Nadu 360
  • Meendum Manjappai scheme
  • Naan Muthalvan- Ulagai Vellum Ilaiya Tamilagam” skill development scheme for students
  • Kaaval Uthavi app
  • Kalaignarin All Villages Integrated Agricultural Development Programme
  • Nalaya Thiran skilling programme
  • Ennum Ezhuthum scheme

Savitri Jindal becomes the richest woman in Asia

  • Savitri Jindal (72, Indian) has become the richest woman in Asia with USD 11.3 billion fortune, according to the Bloomberg Billionaires Index.
  • Jindal, 72, is India’s richest woman and the 10th richest person in the country.
  • She replaced China’s Yang Huiya, with the net worth of USD 11.0 billion
  • Huiyan, who controls the largest real estate developer Country Garden Holdings of China has lost half of his wealth drop from nearly USD 24 billion last year to USD 11 billion.
  • Savitri Jindal became the chairperson of the Jindal Group, after the death of her husband OP Jindal.

PM Modi inaugurated first All India DLSAs Meet

  • Prime Minister Narendra Modi has inaugurated the first All India District Legal Services Authorities (DLSA) Meet in New Delhi.
  • The first-ever national level meet of DLSAs is being organized by National Legal Services Authority.
  • There is a total of 676 DLSAs in the country & in the meeting, they will discuss the ways to bring homogeneity and synchronization across DLSAs.
  • Various legal aid and awareness programmes are run by NALSA through DLSAs and State Legal Services Authorities (SLSAs). The DLSAs also contribute towards reducing the burden on courts by regulating Lok Adalats conducted by NALSA.

Chhattisgarh CM launched ‘Mahtari Nyay Rath’ for women’s rights awareness

  • Chhattisgarh Chief Minister Bhupesh Baghel has flagged off the ‘Mukhyamantri Mahtari Nyay Rath‘ with the aim of making the women of the state aware of their constitutional rights & laws.
  • It will travel throughout the state informing people about women’s rights through short films. Nationally recognized instructional short films in Hindi and Chhattisgarhi will be shown on a sizable LED screen.
  • Each chariot will have two lawyers, who will listen to the grievances of women & provide information & advice.

About Chhattisgarh

  • Capital – Raipur
  • Chief Minister – Bhupesh Baghel
  • Governor – Anusuiya Uikey

Banking and Financial

RBI sets deadline for card tokenization to October 1

  • The Reserve Bank of India (RBI) has released guidelines to ease the transition to new norms on card-on-file (CoF) tokenization and licensing of payment aggregators (PAs) in two separate notifications.
  • While reiterating that with effect from October 1, no entity in the card transaction chain, other than card issuers and card networks, shall store CoF data, the central bank notified two interim measures.
  • Other than the card issuer and the card network, the merchant or its PA involved in settlement can save the CoF data for a maximum period of four days after the transaction date or till the settlement date, whichever is earlier. This data shall be used only for settlement of such transactions, and must be purged thereafter.
  • For handling other post-transaction activities, acquiring banks can continue to store CoF data until January 31, 2023.
  • On guidelines for PAs and payment gateways, the RBI took note of the disruption caused by the pandemic and allowed a fresh window for all PAs existing as on March 17, 2020 to apply for authorization. They will now be allowed to apply by September 30, 2022 and shall have a net worth of Rs 15 crore as on March 31, 2022.
  • They will also be permitted to continue their operations till they receive communication from the RBI regarding the fate of their application. The timeline of 31 March 2023 for achieving a net worth of Rs 25 crore will remain.

About Reserve Bank of India (RBI)

  • Founded – 1 April 1935
  • RBI Nationalized – 1 January 1949
  • Headquarters – Mumbai, Maharashtra
  • RBI set up – Hilton Young Commission
  • 1st Governor – Sir Osborne Smith (Australia)
  • 1st Indian Governor – CD Deshmukh
  • 25th Governor – Shaktikanta Das
  • RBI Deputy Governor (4) – 1. Tavarna Rabi Sankar
  1. Mukesh Kumar Jain
  2. Michael D Patra
  3. M Rajeshwar Rao
  • Five Subsidiaries of RBI
    1. Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
    2. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
    3. Reserve Bank Information Technology Private Limited (ReBIT)
    4. Indian Financial Technology and Allied Services (IFTAS)
    5. Reserve Bank Innovation Hub
  • Four currencies note printing presses
  1. Nashik in Maharashtra owned by govt of India
  2. Dewas in Madhya Pradesh owned by govt of India
  3. Mysuru in Karnataka owned by RBI
  4. Salboni in West Bengal owned by RBI
  • Four mints owned by the Government of India

Mumbai, Hyderabad, Calcutta and Noida

Piramal Enterprises gets RBI nod to start NBFC business

  • Piramal Enterprises received approval from the Reserve Bank of India (RBI) to start non-banking finance company (NBFC) operations.
  • The license is for initiating an NBFC not accepting public deposits.
  • NBFCs are entities that provide bank-like financial services but don’t hold a banking license & are unregulated.
  • The approval from the RBI comes after the company received clearance of the shareholders to demerge its pharmaceuticals business and simplify its corporate structure.
  • Earlier, the company had acquired Dewan Housing Finance (DHFL) for Rs 34,250 crore. The acquisition will diversify Piramal Enterprises’ loan book towards retail financing by scaling up the retail loan book by up to five times.


Jeffrey Armstrong received ‘Distinguished Indologist for 2021’ award

  • Canadian scholar Jeffrey Armstrong has received the Indian Council for Cultural Relations (ICCR) Distinguished Indologist award for 2021.
  • Jeffrey Armstrong was presented the award in a ceremony by Manish, India’s consul-general in Vancouver.
  • This award has been conferred upon Armstrong ‘in recognition of his outstanding contribution to the study of India’s history & culture’.
  • The first recipient of the award in 2015 was Professor Heinrich Freiherr Von Stietencron from Germany.
  • The award comprises a citation, a gold-plated medallion, and USD 20,000 (approximately ₹1.6 million).
  • This award was instituted in 2015.

Recent Awards

  • Global Energy Prize 2022 – Indian-Origin Professor Kaushik Rajashekara
  • UAE honoured Kamal Haasan by granting him Golden Visa
  • Mother Teresa Memorial Award by the Maharashtra govt. – Dia Mirza & Afroz Shah
  • Mrs Universe Divine Crown in South Korea – Pallavi Singh (India)
  • Order of the Rising Sun, Gold and Silver Star award by Japan Govt. – Narayanan Kumar VC of Sanmar Group


Government approved signing of guarantees for hosting FIFA U-17 Women’s World Cup 2022

  • The Union Cabinet, chaired by PM Narendra Modi, has approved the signing of guarantees for hosting the FIFA U-17 Women’s World Cup 2022 in India.
  • The tournament is scheduled to be held across 3 cities – Bhubaneswar, Goa and Mumbai from October 11 to 30, 2022.
  • It will be the seventh edition of the tournament.
  • It will be the first time that India hosts a FIFA women’s football tournament.

FIFA Upcoming Event

  • FIFA World Cup 2022 – Qatar (32 Teams)
  • FIFA World Cup 2026 – Canada, Mexico, USA (48 teams)
  • FIFA U-20 Women’s World Cup 2022 – Costa Rica
  • FIFA U-17 Women’s World Cup 2022 – India
  • FIFA U-17 Women’s World Cup 2023 – Australia and New Zealand

About International Federation of Association Football (FIFA)

  • Founded – 21 May 1904
  • Founded – Paris, France
  • Headquarters – Zürich, Switzerland
  • Membership – 211
  • Languages – English, French, German, Spanish & Italian
  • First President – Robert Guérin
  • Current President – Gianni Infantino (Switzerland)
  • Secretary General – Fatma Samoura (Senegal)

 Sanket Mahadev Sargar won India’s first medal in Commonwealth Games 2022

  • Sanket Mahadev Sargar (from Sangli in Maharashtra) has bagged silver in men’s 55kg weightlifting, the India’s first medal at the Commonwealth Games 2022 in Birmingham.
  • He has lifted a total weight of 248kg (113 and 135).
  • Bin Kasdan Mohamad Aniq from Malaysia has claimed gold medal with a total lift of 249kg (10 and142).
  • Dilanka Isuru Kumara Yodage of Sri Lanka has bagged bronze with a total lift of 225kg (105 and 120).

Mirabai Chanu won first gold medal for India at CWG 2022

  • In the Commonwealth Games 2022, weightlifter Saikhom Mirabai Chanu has won India’s 1st gold medal in the women’s 49-kilogram event at Birmingham.
  • Chanu lifted a total of 201 kilogram (88kg+113kg) in snatch & clean & jerk category.
  • The silver went to Mauritius’ Marie Hanitra Roilya Ranaivosoa (172kg) and bronze to Canada’s Hannah Kaminski (171 kg).
  • So far, India has won 6 medals (3G + 2S + 1B) in the CWG 2022.

Max Verstappen won Hungarian Grand Prix 2022

  • Max Verstappen (Red Bull driver) has won the Hungarian Grand Prix 2022 followed by Lewis Hamilton (Mercedes driver) and George Russell (Mercedes driver).
  • With this title, he sealed his eighth victory of the Formula One 2022 season and the 28th of his career.

Recent Grand Prix 2022 Winner

  • Canadian Grand Prix 2022 – Max Verstappen (Netherlands)
  • Azerbaijan Grand Prix 2022 – Max Verstappen (Netherlands)
  • Miami Grand Prix 2022 – Max Verstappen (Netherlands)
  • Emilia-Romagna Grand Prix 2022 – Max Verstappen (Netherlands)
  • Saudi Arabian Grand Prix 2022 – Max Verstappen (Netherlands)
  • Azerbaijan Grand Prix 2022 – Max Verstappen (Netherlands)
  • French Grand Prix 2022 – Max Verstappen (Netherlands)
  • Hungarian Grand Prix 2022 – Max Verstappen (Netherlands)
  • Monaco Grand Prix Monaco 2022 -Sergio Pérez (Mexico)
  • Australian Grand Prix. 2022 – Charles Leclerc (Monaco)
  • Bahrain Grand Prix 2022 – Charles Leclerc (Monaco)
  • Austrian Grand Prix 2022 – Charles Leclerc (Monaco)

Important day

30 July – World Day Against Trafficking in Persons

  • World Day Against Trafficking in Persons is observed every year on July 30.
  • It is observed by the UN Office on Drugs and Crime (UNODC)
  • Objective – To raise awareness about the ordeal of human trafficking victims and the ways to safeguard their rights.
  • World Day against Trafficking in Persons was first observed in 2013.
  • Theme 2022 – Use and Abuse of Technology


Veteran singer Nirmala Mishra passed away

  • Renowned Bengali singer Nirmala Mishra has passed away. She was 81.
  • She sang various songs in Bengali, Odia, and Assamese films.
  • The West Bengal government has also awarded her ‘Sangeet Samman’, ‘Sangeet Mahasamman’ and ‘Bangabhibhushan’ awards.
  • She has been conferred with the Sangeet Sudhakar Balakrushna Das Award for her lifetime contribution to the Odia music.

Recent Obituary

  • Renowned Marathi writer – Anant Yashwant Khare
  • Noted scientist and director ILS, – Ajay Parida
  • Avdhash Kaushal – Noted social worker
  • Barry Sinclair – Former New Zealand cricket captain
  • Monty Norman – British composer

Ex-Philippine President Fidel Ramos passed away

  • Former Philippine President Fidel Ramos has passed away at the age of 94.
  • He was the 12th president of the Philippines from 1992 to 1998.
  • During his tenure, the Philippines was recognized as a budding “tiger economy”.
  • Ramos became a hero to many for defecting from Marcos’s government, in which he led the national police force, spurring the dictator’s downfall during the 1986 popular uprising against his rule.
  • He was from the military background, become the chief of the Philippine Constabulary and then Vice Chief-of-Staff of the Armed Forces of the Philippines during the time of President Ferdinand E Marcos Sr.

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