Daily GK Update: 2nd September 2022

By Neha Bisarya|Updated : September 2nd, 2022

 National & International Appointments

1. Indian-origin Laxman Narasimhan appointed as CEO of Starbucks

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  • Starbucks has appointed Laxman Narasimhan as the next chief executive officer and a member of the Starbucks Board of Directors.
  • He will work closely with the interim CEO, Howard Schultz, before taking charge as CEO role.
  • Howard Schultz will continue as interim CEO until April 1, 2023.
  • Prior to this, he served as global chief commercial officer at PepsiCo; worked as a senior partner at the consulting firm McKinsey & Company; served as CEO in Reckitt.
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 State Affairs

2. Rajasthan govt launches ‘Mahila Nidhi’ to support women entrepreneurs

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  • Rajasthan Chief Minister, Ashok Gehlot has launched loan scheme ‘Mahila Nidhi’ with an aim to ensure easy loans for women in business.
  • The scheme also aims the social and economic development of women through credit.
  • CM Ashok Gehlot has announced in the budget 2022-23 about the ‘Mahila Nidhi’ scheme through Rajasthan Rural Livelihood Development Council.
  • The scheme will disburse loans of up to Rs 40,000 within 48 hours, and above Rs 40,000 within 15 days.
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 Sports

3. NZ cricketer, Colin de Grandhomme retires from international cricket

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  • New Zealand all-rounder, Colin de Grandhomme has announced his retirement from international cricket.
  • He has played 29 Test matches scoring 1432 runs at 38.70, including centuries against the West Indies and South Africa.
  • His best score was 120 not out.
  • He has also registered 49 wickets in the format at an average of 32.95, including six for 41 on debut against Pakistan.
  • He has played 45 ODIs and 41 T20Is for New Zealand.
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 National Affairs

4. India's unemployment rate increases to 1-year high of 8.3% in August

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  • As per the Centre for Monitoring Indian Economy data, the unemployment rate of India has been surged to a one-year high of 8.3% in August 2022, as employment sequentially fell by 2 million to 394.6 million.
  • In August, the urban unemployment rate has been increased to 9.6% and rural unemployment rate also increased to 7.7%.
  • In July 2022, the unemployment rate was at 6.8% and the employment was 397 million.
  • In August, the unemployment was the highest in Haryana (37.3%).
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 National Affairs

5. Air traffic of India may surge annually by average 7% till 2040

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  • As per the Boeing report, the air traffic of India will grow by an average of 7% per year till 2040 even as the country’s carriers face challenges like high fuel prices, rupee depreciation and low fares.
  • While the air traffic of India will grow 6.9% till 2040, the south-east Asian market will grow at an average annual rate of 5.5%.
  • The Chinese, African and the Latin American market will grow at an average annual rate of 5.4%, 5.4% and 4.8% respectively, till 2040.
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 Banking & Finance

6. Services exports rise 20.2% to $23.26 billion in July 2022: RBI data

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  • As per the Reserve Bank India data, the services exports of India has been increased by 20.2% year-on-year to $23.26 billion in July 2022.
  • However, the July exports were lower than June by $25.29 billion in 2022.
  • As per the monthly data on India's international trade in services for July 2022, the imports surged by 22.3% to $13.92 billion in July.
  • The exports during April-July 2022-23 stood at $94.75 billion, and the imports totalled $58.94 billion during the period.
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 Banking & Finance

7. GST collection in August was ₹1.43 lakh crore

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  • According to Finance Ministry data, the government has collected ₹1,43,612 crore as the gross GST revenue in the month of August 2022.
  • CGST is ₹ 24,710 crore, SGST is ₹ 30,951 crore, IGST is ₹ 77,782 crore.
  • It includes ₹ 42,067 crore collected on import of goods and cess is ₹ 10,168 crore (including ₹ 1,018 crore collected on import of goods).
  • The revenues for the month of August 2022 are 28% higher than the GST revenues in the same month in 2021 of ₹ 1,12,020 crore.
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 Important Dates

8. World Coconut Day 2022: 2nd September

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  • World Coconut Day is observed annually on September 2 to highlight the significance of coconut in our daily lives and how beneficial are they for health.
  • Theme 2022: Growing coconut for a better future and life
  • The event started on September 2, 2009, by the Asia Pacific Coconut Community (APCC) to raise awareness and the significance of coconuts and their impact on society.
  • Top exporters of coconuts: Indonesia, India, Philippines, Brazil and Sri Lanka
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 Banking & Finance

9. SBI Card launches cashback card

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  • SBICard has launched ‘CASHBACK SBI Card’, a cashback focused credit card, to boost the online transactions.
  • Consumers across country, including tier-2 and 3 cities, can apply for the card on the digital application platform ‘SBI Card SPRINT’.
  • CASHBACK SBI Card customers will earn unlimited 1% cashback on all spends, cashback will increase to 5% on all online spends up to maximum of ₹ 10,000 per monthly statement cycle.
  • MD & CEO, SBI Card: Rama Mohan Rao Amara
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 Banking & Finance

10. Muthoot FinCorp, IME India joins hands for money transfer service to Nepal

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  • Muthoot FinCorp has partnered with IME India Pvt Ltd to expand its money remittance services between Indo-Nepal corridor.
  • Muthoot has been assisting the Nepali community in India in remitting money through their existing partner (Prabhu Money Transfer Pvt Ltd).
  • Now, Muthoot will be able to serve a larger mass of Nepalese diaspora living in India.
  • IDFC First Bank, India and Global IME Bank Ltd., Nepal are the banking partners to facilitate Indo-Nepal remittance service.
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 National Affairs

11. India’s first indigenously developed vaccine for cervical cancer

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  • Union Minister of Science and Technology Jitendra Singh has launched India’s first indigenously developed quadrivalent Human Papilloma Virus (HPV) vaccine for the prevention of cervical cancer.
  • Vaccine name: CERVAVAC
  • DCGI had granted market authorisation to Serum Institute of India to manufacture an indigenously-developed vaccine against cervical cancer.
  • Cervical cancer in India ranks as the second most frequent cancer among women between 15 and 44 years of age.
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 Defense

12. Tejas Mark-2 Project approved by Cabinet Committee on Security

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  • The Cabinet Committee on Security  has approved Tejas Mark-2 Project and sanctioned 6,500 crore rupees for designing and developing of Tejas Mark-2 fighter jet with prototypes, flight testing, and certification.
  • The allocation comes in addition to the existing 2500 crore rupees sanctioned to HAL.
  • Tejas 2.0 will be equipped with more powerful GE- F414 engines in the 98 Kilonewton thrust class and carry additional payload and weapons as compared to the existing version. 
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 Agreement

13. AICTE partnered with Adobe to advance digital literacy in India

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  • The All-India Council for Technical Education has partnered with Adobe to accelerate digital creativity skills across the country.
  • As per the agreement, Adobe will offer courses and expertise for upskilling educators, and integrate digital creativity into the curriculum, to prepare students with the essential creative and digital literacy skills.
  • Aim: To empower educators across higher education institutions with essential digital creativity skills by 2024.
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 State Affairs

14. Meghalaya CM launches 'Rural Backyard Piggery Scheme' for farmers' welfare

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  • Meghalaya CM, Conrad K Sangma has launched "Rural Backyard Piggery Scheme" with an aim to ensure that the farmers earn a sustainable livelihood through different livestock farming activities.
  • Under the phase 1 of this Scheme, the govt has earmarked Rs 15.18 crore under which four high-yielding improved varieties will be distributed to 6000 families.
  • The additional Rs 25 crore will be earmarked to roll out the second phase of the programme.
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Daily GK Update: 2nd September 2022

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