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Q.1. PM Narendra Modi has addressed the Plenary Session of the 7th Eastern Economic Forum being held in which city through video conferencing?
Exp. PM Modi virtually addressed Plenary Session of Eastern Economic Forum
PM Narendra Modi has addressed the Plenary Session of the 7th Eastern Economic Forum being held in Vladivostok through video conferencing.
He informed that in September 2022, thirty years are being completed since the establishment of the Consulate of India in Vladivostok.
India was the first country to open a consulate in this city.
President –Vladimir Putin
Q.2. India’s National Security Council Secretariat (NSCS) and which country in collaboration with BAE Systems (British Aerospace) has successfully designed & conducted the ‘Cyber Security Exercise’ for 26 countries?
Exp. India and UK conduct mega ‘Cyber Security Exercise’ for 26 countries
India’s National Security Council Secretariat (NSCS) and the UK Government in collaboration with BAE Systems (British Aerospace) have successfully designed & conducted the ‘Cyber Security Exercise’ for 26 countries.
The virtual Cyber Exercise on Ransomware Resilience was aimed at simulating a large, widespread cyber security incident affecting organizations within a country.
The exercise was carried out as part of the International Counter Ransomware Initiative- Resilience Working Group which is being led by India under the leadership of the National Cyber Security Coordinator (NCSC).
The theme of the exercise was based on the ‘Energy Sector’ in which the respective National Cyber Crisis Management Teams of the CRI Partner Nations will have to deal with a ransomware attack on multiple electricity distribution companies.
About United Kingdom (UK)
Currency– Pound sterling
Prime Minister– Liz Truss
Q.3. Sterlite Power’s Mumbai Urja Marg Transmission Ltd (MUML) has commissioned 400KV Banaskantha, Kansari, and Vadavi Transmission lines in which state?
Sterlite Power कीमुंबईऊर्जामार्गट्रांसमिशनलिमिटेड (MUML) नेकिसराज्यमें 400KV बनासकांठा, कंसारीऔरवडवीट्रांसमिशनलाइनेंचालूकीहैं?
(a) Uttar Pradesh / उत्तर प्रदेश
(b) Gujarat / गुजरात
(c) Rajasthan / राजस्थान
(d) Maharashtra / महाराष्ट्र
(e) Haryana / हरियाणा
Answer & Explanation
Exp. Sterlite Power commissioned 400KV transmission lines in Gujarat
Sterlite Power’s Mumbai Urja Marg Transmission Ltd (MUML) has commissioned 400kV Banaskantha, Kansari, and Vadavi Transmission lines in Gujarat.
The high voltage transmission line will help in the evacuation of around 1000 MW of renewable power from the pooling station at Bhuj in northern Gujarat to the national grid.
It will augment the available power transmission capacity of the state, taking it from 9300 MW to 11200 MW.
Against India’s renewable capacity of 90 GW, Gujarat’s contribution stands at around 12 GW. On the back of its strong energy infrastructure, Gujarat aims to establish more than 67 GW of renewable energy by 2030.
Capital – Gandhinagar
Chief Minister – Bhupendra Patel
Governor – Acharya Devvrat
Q.4. Which state has been fined 3500 crores by the National Green Tribunal (NGT) for its failure in the treatment of solid and liquid waste?
Exp. NGT imposed a penalty of Rs 3,500cr on West Bengal government for waste management failure
The National Green Tribunal has imposed a penalty of Rs 3,500 crore on the West Bengal government for the huge gap in solid and liquid waste generation and treatment.
The state government does not appear to be prioritizing the setting up of sewage and solid waste management facilities though according to the state’s budget for 2022-2023, there is the provision of Rs 12,818.99 crore on Urban Development and Municipal Affairs.
The NGT found that of the 2,758 million liters of sewage generation every day in urban local bodies in West Bengal, not more than 1,268 million liters are treated.
About West Bengal
Chief Minister – Mamata Banerjee
Governor – La. Ganesan
Q.5. Which state government has launched an ambitious scheme to provide 100 days of employment to needy families in urban areas on the lines of rural employment guarantee scheme MGNREGA?
Exp. Adani Group to build 3 Giga factories as part of $70 bn investment
Adani Group will build three Giga factories to manufacture solar modules, wind turbines, and hydrogen electrolyzers as part of its $70 billion investment in clean energy by 2030.
The factories will help generate an additional 45 GW of renewable energy to add to Adani group’s existing 20 GW capacity, as well as 3 million tons of hydrogen by 2030.
The new Giga factory for power electronics will be in addition to four Giga factories announced last year for making integrated solar PV modules that will produce electricity from sunlight, electrolyzers that produce hydrogen from water, fuel cells, and batteries to store energy from the grid as well as 20 GW solar energy capacity by 2025 for captive needs.
Q.7. Which company has replaced Paytm as the title sponsor of the Board of Control for Cricket in India (BCCI)?
(a) PNB MetLife India Insurance / पीएनबी मेटलाइफ इंडिया इंश्योरेंस
(b) Life Insurance Corporation / जीवन बीमा निगम
(c) Bajaj Allianz General Insurance / बजाज आलियांज जनरल इंश्योरेंस
(d) Max Life Insurance / मैक्स लाइफ इंश्योरेंस
(e) Tata AIA Life Insurance / टाटा एआईए लाइफ इंश्योरेंस
Answer & Explanation
Exp. PNB MetLife launched new unit-linked insurance plan
PNB MetLife has launched a new ULIP plan PNB MetLife Goal Ensuring Multiplier (GEM) that offers customers life insurance coverage and helps them invest methodically with the goal of creating wealth for the future.
Customers can choose from 13 different funds to best fit their risk appetite and can also opt for goal-based fund management strategies.
The plan also has a top-up feature that allows customers to enhance their coverage and accelerate their savings goals.
Q.9. Which bank has been selected by the RBI for the ‘Test Phase’ of the ‘On Tap’ application facility for the theme ‘Retail Payments’ under Regulatory Sandbox?
Exp. RBI selected HDFC Bank & Precision for retail payments test phase
The RBI said, HDFC Bank (in partnership with Sweden-based Crunchfish Aktiebolag) and Precision Biometric India Pvt. Ltd have been selected for the ‘Test Phase’ for their ‘Offline Retail Payments’ and ‘InnaIT Key Solution for Banking’ products, respectively, under its ‘On Tap’ application facility for the theme ‘Retail Payments’ under Regulatory Sandbox.
HDFC Bank’s product ‘Offline Retail Payments’ provides the capability for customers and merchants to be able to pay and receive payments in offline mode.
The solution aims to boost the adoption of digital payments in areas of no or low network by enabling transactions without the need to have a network connection.
The RBI introduced a Regulatory Sandbox (RS) in 2019 to foster responsible innovation in financial services, promote efficiency and expand benefits to consumers.
About HDFC Bank
Founded – August 1994
Founder – Hasmukhbhai Parekh
Headquarters – Mumbai, Maharashtra
MD & CEO – Sashidhar Jagdishan
Tagline – We understand your world
Q.10. Which Small Finance Bank has launched a ‘Rainbow Savings Account’ exclusively for the transgender community?
Exp. IDFC First Bank partnered with ONDC on buy and sell side application
IDFC First Bank has partnered with Open Network for Digital Commerce (ONDC) to enable early adoption of the network among its customers.
The Bank has also started onboarding small merchants, who are its current account customers, onto a partner app registered with ONDC. The app is expected to help small merchants carry out transactions over ONDC’s electronic network and step up their digital footprint.
ONDC, a section 8 company, has been set up to democratize e-commerce and will transition e-commerce from a platform-centric model to an open network model, similar to the Unified Payments Interface (UPI) for payments.
A revolutionary network, it is expected to bring inclusivity and interoperability into supply chains, buyer universes, logistics, and technology services.
About IDFC First Bank
Founded – October 2015
Headquarters – Mumbai
MD & CEO – V. Vaidyanathan
Mahindra Finance partnered with CRIF Solutions for quicker loan approvals
Universal Sompo partnered with Repco Home Finance to insure loans
HDFC Bank partnered with Tata Neu to launch two new credit cards
KreditBee partnered with Cashfree to offer EMI solutions
Axis Bank signed an MoU with FCI to provide “Ultima Salary Package”
Q.12. Indian-origin barrister Suella Braverman has been appointed as the new Home Secretary of which country?
International Literacy Day is observed every year on 8 September.
Objective – To make people aware of the meaning and importance of literacy for individuals and societies
Literacy refers to a person’s ability to read or write.
The concept of International Literacy Day emerged at the World Conference of Ministers of Education held in Tehran in 1965. To address the global problem of illiteracy, on 26 October 1966, UNESCO declared September 8 as International Literacy Day.
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