Daily GK Update: 4th September 2022

By Neha Bisarya|Updated : September 5th, 2022

 Sports

1. Pallathuruthy Boat Club wins 68th edition of Nehru Trophy Boat Race

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  • Pallathuruthy boat club has won the 68th edition of Nehru Trophy for a boat race, was organised on Punnamada lake, Alappuzha district of Kerala.
  • 'Mahadevikkadu Kattil Thekkethil’ by Pallathuruthy boat club won the trophy.
  • While NCDC Boat club’s ‘Nadubhagam’ of Kumarakam has secured the second place in the race.
  • The boat of Pallathuruthy boat club has won the title by clearing the distance of 1.15 km in 4.30.77 minutes.
  • This is the third time that Pallathuruthy won trophy.
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 State Affairs

2. APEDA and Manipur organize in-store export promotion show for pineapples

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  • The Agricultural & Processed Food Products Export Development Authority (APEDA) has organized an in-store export promotion programme of Manipur’s pineapples in Dubai, UAE.
  • Aim: To promote locally produced agricultural products in the international markets.
  • Manipur Organic Mission Agency (MOMA) has supported the sourcing of organic certified Kwe variety of pineapples.
  • Top five importing countries of Indian pineapples: UAE, Nepal, Qatar, Maldives, USA
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 Summits & Conferences

3. Home Minister, Amit Shah inaugurated the 6th All India Prison Duty Meet

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  • Union Home Minister, Amit Shah has inaugurated 6th All India Prison Duty Meet in Ahmedabad, Gujarat.
  • It is a biennial event, organised by the Bureau of Police Research and Development.
  • The event was attended by Gujarat Chief Minister, Bhupendra Patel and Minister of State for Home, Harsh Sanghavi.
  • AIPDM was last organised in Ahmedabad in 2007, It was the second ever meeting
  • He has also participated in the closing ceremony of 11th Khel Mahakumbh at TransStadia, Kankaria
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 Obituaries

4. Former Tata Sons chairman, Cyrus Mistry passes away

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  • Former chairman of Tata Sons and scion of the Shapoorji Pallonji group, Cyrus Mistry (54) has been passed away in a car accident.
  • He had served as the chairman of the Tata group in 2012, he succeeded Ratan Tata.
  • He was the sixth chairman of the Tata group and second chairman who did not have the Tata surname.
  • He joined the Tata Sons board as a director in 2006.
  • The Mistry family owns an 18.4% stake in Tata Sons, while the Tata Trusts own a 66% stake in the company.
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 Banking & Finance

5. India’s forex reserves decline by $3 billion to $561 billion

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  • As per the official data of RBI, India's foreign exchange (forex) reserves has been declined to $561 billion in the week ending August 26, 2022.
  • India's FER has declined sharply in recent months as the RBI continues to intervene in the currency markets to defend the rupee.
  • The value of gold reserves also fall down by $271 million to $39.643 billion during the week ended August 26.
  • The value of India’s SDRs with IMF has also declined by $155 million to $17.832 billion.
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 State Affairs

6. Karnataka govt launches global startup challenge

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  • The Karnataka government has launched a Global Startup Challenge named VentuRISE.
  • Aim: To support growth stage startups in manufacturing and sustainability-related sectors.
  • VentuRISE, it will be a part of the Global Investors Meet - Invest Karnataka 2022 that will be held from 2 - 4 November in Bengaluru.
  • Cash prize: $ 100,000
  • The global challenge will help entrepreneurs to showcase their innovative products or solutions and connect with potential investors.
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 Agreement

7. BEL, Smiths Detection India sign MoU to manufacture scanning systems

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  • Bharat Electronics Limited (BEL) has signed an MoU with Smiths Detection for offering advanced, high-energy scanning systems to the Indian market.
  • The MoU will leverage the high-end, technological capabilities of both the firms to meet India’s domestic security needs.
  • The MoU was signed in line with the Indian Government’s ‘Make in India’ initiative.
  • About BEL
    • HQ: Bengaluru
    • Founded: 1954
    • Chairman and MD: Anandi Ramalingam
    • It has been granted Navratna status.
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 Banking & Finance

8. Sebi restructured panel on cyber security

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  • The Securities and Exchange Board of India has restructured its panel on cyber security that recommends measures to safeguard the capital markets from such attacks.
  • The committee will be chaired by Navin Kumar Singh, DG at National Critical Information Infrastructure Protection Centre (NCIIPC)
  • Earlier, The committee had only four members but now it has six members.
  • Other members: Sanjay Bahl, H Krishnamurthy, Sandeep Shukla and Debdeep Mukhopadhyay, Sugata Gangopadhyay
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 National Affairs

9. Union Minister Nitin Gadkari unveils India's first LNG-fuelled green truck

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  • Union Minister of Road Transport and Highways, Nitin Gadkari has inaugurated India’s first Liquefied Natural Gas (LNG) fuelled green truck in Chakan near Pune.
  • It was manufactured by the Blue Energy Motors, a start-up backed by a Singapore-based firm.
  • The trucks are powered by Iveco FPT, global powertrain brand of Iveco Group.
  • The engines of truck generate high torque and help trucks deliver best in class TCO (total cost of ownership).
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 Banking & Finance

10. RBI launches pilot project to digitise Kisan Credit Card

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  • The Reserve Bank of India (RBI) has launched a pilot project for end-to-end digitization of Kisan Credit Card (KCC) lending.
  • The pilot has been developed by the central bank and its subsidiary Reserve Bank Innovation Hub (RBIH).
  • Objective:  To make it more efficient and reduce costs for borrowers.
  • States for pilot project: Madhya Pradesh and Tamil Nadu with Union Bank of India and Federal Bank, respectively
  • KCC scheme was introduced in 1998.
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Daily GK Update: 4th September 2022

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