Daily Current Affairs for MBA Exams: 28th September 2022

By Anjali Chowdhury|Updated : September 28th, 2022

 Honours & Awards

1. Cochin International Airport wins 2022 Airport Service Quality Award

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  • Cochin International Airport Ltd (CIAL) has received the Airport Service Quality award-2022 for its meticulous implementation of a programme ‘Mission Safeguarding’ in 2021-22.
  • This programme has ensured seamless traffic and reinforced passenger satisfaction in the aftermath of the pandemic.
  • Category: 5-15 million passenger category of airports operating in the Asia-Pacific region
  • The award was instituted by Airport Council International (ACI).

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 Schemes

2. Scheme for Special Assistance to States for Capital Investment for 2022-23

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  • The Govt has launched a Scheme Special Assistance to States for Capital Investment for 2022-23.
  • Aim: Provide financial aid to the States Govts in the form of 50-year interest free loan for capital investment projects.
  • Under the Part-V of scheme, Rs 3000 Crore is earmarked and will be available to States for capital projects on OFC network.
  • Dept of Expenditure has approved 50 Cr, 84 Cr, 65 Cr and 156 Cr to Uttarakhand, Jharkhand, Haryana and Karnataka respectively.

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 National & International Organizations

3. Vitamin Angels India partners with UNICEF for Poshan Maah 2022

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  • Vitamin Angels India has partnered with the UNICEF India for Poshan Maah 2022.
  • Aim: To implement a comprehensive, unified outreach and awareness programme to enhance nutritional content, delivery, outreach, and immunity to disease and undernutrition.
  • This partnership also includes the launch of the Poshan Innovation Platform (PIP) in January 2023.
  • A phase-wise approach will be followed to assemble the PIP between September 2022 and December 2026. 

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 Obituaries

4. Author of Wolf Hall trilogy, Dame Hilary Mantel passes away

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  • Dame Hilary Mantel, an author of the best-selling Wolf Hall trilogy, has been passed away at the age of 70.
  • She had been honoured with the Booker Prize for Wolf Hall (2009) and Bring Up the Bodies (2012).
  • Her notable works: Fludd; Beyond Black
  • Her first novel 'Every Day is Mother's Day', was published in 1985.
  • She was also honoured with the Walter Scott Prize (2010, 2021) and Costa Novel Prize (2012).

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 National Affairs

5. India to receive its first 100% ethanol and electric car

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  • India will receive its first flex-fuel vehicle that run on ethanol blended petrol and battery in October 2022.
  • The Flex Fuel Strong Hybrid Electric Vehicles (FFV-SHEV) will be imported from Brazil to use as a pilot.
  • Aim: To assess its performance in terms of reduced carbon emissions.
  • The road transport ministry has notified the guidelines regarding FFV and FFV-SHEV.
  • The automobile manufacturers are advised to manufacture vehicles complying with BS- 6 standards.

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 Banking & Finance

6. Sebi permits REITs, InvITs to issue commercial papers

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  • SEBI has allowed emerging investment vehicles, Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT), to issue commercial papers.
  • Reason: In August 2022, RBI has indicated that InvIT and REIT having net worth of at least Rs 100 crore are eligible to issue commercial paper.
  • Condition: They need to abide by the guidelines prescribed by RBI for issuances of commercial papers and follow the conditions of listing norms prescribed by Sebi.

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 Defense

7. Israeli Navy test fires Gabriel V anti-ship missile from Sa’ar 6 Corvette

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  • The Israeli Navy has completed a complex test of the Gabriel V anti-ship missile system.
  • This was the first anti-ship missile test from the new Sa’ar 6 corvette of the Israeli Navy.
  • The missile was manufactured by Israel Aerospace Industries, IAI.
  • Range: over 200 km
  • Seeker: Active radar seeker with advanced anti-jam features, all-weather capability, wide search range, and good discrimination resolution
  • Length: 5.5 m; Weight: 1250 kg

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 Banking & Finance

8. World Bank approves USD 350 million loan to Gujarat for health services

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  • The World Bank has approved a USD 350 million (Approx ₹2,832 crore) loan to Gujarat for "Systems Reform Endeavours For Transformed Health Achievement In Gujarat (SRESTHA-G)".
  • Reason: For augmenting health services with primary focus on adolescent girls and disease surveillance in the state.
  • Funded by: International Bank of Reconstruction and Development (IBRD)
  • Maturity: 18 years (including a grace period of 5.5 years

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 Schemes

9. Govt launches Indian Sign Language mobile app 'Sign Learn'

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  • The government of India has launched an Indian Sign Language (ISL) dictionary mobile application named 'Sign Learn' which contains 10,000 words.
  • The app was launched by Minister of State for Social Justice and Empowerment, Pratima Bhoumik.
  • This mobile app is based on the Indian sign language dictionary of the Indian Sign Language Research And Training Centre (ISLRTC).
  • All the words in the ISL dictionary can be searched through Hindi or English medium.

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