Daily GK Update: 22nd August 2022

By Neha Bisarya|Updated : August 22nd, 2022

 National & International Appointments

1. Paytm shareholders approve re-appointment of Vijay Shekhar Sharma as MD


  • Shareholders of One97 Communications have approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of Paytm.
  • According to the scrutinizer report, 99.67% votes were in favour of Sharma's re-appointment while only 0.33% voted against the resolution.
  • Remuneration of Vijay Shekhar will be remain fixed for the next three years without any annual increment.
  • Paytm founded: August 2010, Noida
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 International Affairs

2. Greece exits 'enhanced surveillance' framework of EU


  • Greece Prime Minister, Kyriakos Mitsotakis has announced that it has exited the enhanced surveillance framework of European Union after 12 years.
  • Economic performance and policies of Greece have been monitored under the framework since 2018 to ensure it implemented reforms promised under three international bailouts.
  • Greece was badly hit with the pension cuts, spending constraint, tax increases and bank controls after it was forced to seek its first bailout in 2010. 
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 State Affairs

3. Union Govt awarded GI tag to Bihar's Mithila Makhana


  • Union government has awarded Geographical Indication (GI) tag to Bihar's Mithila Makhana, this move will help farmers to get the maximum price for their premium produce.
  • It is a special variety of aquatic fox nut, that cultivated in Mithila region of Bihar and Nepal.
  • Once a product gets this tag, any person or company cannot sell a similar item under that name.
  • This tag will be valid for a period of 10 years.
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 Summits & Conferences

4. 10th National Conference of Women Police to begin in Shimla, HP


  • The 10th National Conference of Women Police has been started in Shimla, Himachal Pradesh, inaugurated by the Union Minister of State for Home affairs Nityanand Rai.
  • The conference is being organised by the Ministry of Home Affairs (MHA) and Bureau of Police Research and Development (BPRD) in collaboration with Himachal Police.
  • Objective: To enhance the leadership potential of women police officers and discuss their problems and challenges. 
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 State Affairs

5. Centre collaborate with Arunachal govt for district good governance portal


  • The Central government has planned to collaborate with the Arunachal Pradesh government to develop a “district good governance portal”.
  • Aim: To monitor the performance of each district of the state on a monthly basis and help in benchmarking performance.
  • Department of Administrative Reforms and Public Grievances (DARPG), under the Ministry of Personnel, in collaboration with the Arunachal Pradesh government will develop the portal.
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 State Affairs

6. Maharashtra to take Rs 4000 cr loan from ADB to set up medical colleges


  • Maharashtra govt will take a loan of 4,000 crore rupees from the Asian Development Bank (ADB) for setting up medical colleges in 12 districts of the state.
  • 12 districts: Jalgaon, Satara, Alibaug, Sindhudurg, Usmanabad, Parbhani, Amravati, Ratnagiri, Gadhchiroli, Bhandara and Ambernath.
  • Asian Development Bank has agreed to provide 4,000 crore rupees for setting up medical colleges in these districts.
  • The target is to complete all of these projects within the 2 years. 
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7. South Korea, US ready begin joint military drills Ulchi Freedom Shield


  • South Korea and the United States have started began their largest joint military drills, 'Ulchi Freedom Shield', and scheduled to end on 1st of September.
  • South Korea has also launched the four-day Ulchi civil defence drills separately, that is designed to boost government readiness.
  • Aim: To normalise the combined exercises and boost deterrence against North Korea.
  • The exercise also aimed at improving the country's preparedness to match the changing patterns of war.
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 Banking & Finance

8. UPI expands to UK, provides hassle-free digital transactions


  • The Unified Payments Interface (UPI) is ready to foray into the UK market starting with QR code-based transactions.
  • The NPCI International Payments Ltd (NIPL) has partnered with payments solutions provider, PayXpert to internationalise the acceptance of its payment solutions in the UK.
  • UAE, Japan, the US, Singapore, Bhutan, Nepal and France are already accepting UPI payment services.
  • NIPL is the wholly-owned subsidiary of National Payments Corporation of India (NPCI).
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 National Affairs

9. India's first hydrogen fuel cell bus unveiled in Pune


  • The Union Minister of State, Jitendra Singh has unveiled country's first hydrogen fuel cell bus.
  • The eco-friendly bus has been built by the Council of Scientific and Industrial Research (CSIR) and KPIT Limited.
  • Hydrogen fuel cell: It works like conventional batteries of electric vehicles, but they don’t need to be recharged with electricity. 
  • It provides a better alternative to completely eliminate the on-road emissions.
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 Honours & Awards

10. Indian Neurologist Dr Sundara Chary elected to global prestigious FAAN


  • Indian neurologist, Dr N V Sundara Chary has been elected as a Fellow of American Academy of Neurology (FAAN).
  • It is regarded as one of the world's most prestigious honour in the field of neurology and medicine.
  • This honour has been awarded by American Academy of Neurologists (AAN) to very few neurologists across the world for making valuable contributions in the field of neurology.
  • He is a professor and HOD of neurology in Siddhartha Medical College, Vijayawada.
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Daily GK Update: 22nd August 2022


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