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 Daily Current Affairs PDF

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 Daily Current Affairs PDF

AFFAIRSCLOUD TODAY
Current Affairs 1 August 2022 : Headlines

1. PM Narendra Modi Visit to Gujarat and Tamil Nadu – On July 28-29, 2022
2. NSO Develops Three Labour Indicators, says 15% Of 60+ Employed People Worked Part Time in
2017-20
3. Point 5140 at Dras sector named as Gun Hill to mark victory of Operation Vijay
4. RBI Temporarily Allows Merchants and PAs to Save Customer Card Credentials
5. BOB Financial Solutions Launches Mobile Application – bobcard
6. TASL Delivers Indigenous Combat Vehicles to Indian Army to Boost Border Surveillance
7. A Book titled Journey of a Nation: 75 Years of Indian Economy by Sanjaya Baru released
8. Michelle Obama ‘s book ”The Light We Carry”, to be released
9. A Book titled Riding the De(Mon) by Murali Raghavan released
10. Odisha signs MoU with FICCI for upcoming Make in Odisha Conclave 2022
11. ANC signed MoU with AAI to boost inter-island connectivity under UDAN Scheme

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NATIONAL AFFAIRS
PM Narendra Modi Visit to Gujarat and Tamil Nadu – On July 28-29, 2022
Prime Minister (PM) Narendra Modi visited Gujarat and Tamil Nadu on July 28 and 29, 2022. During his visit,
he inaugurated and laid the foundation stones for numerous Sabar Dairy projects in Gujarat, including
Gadhoda Chowki and Sabarkantha, and then travelled to Chennai to declare open the 44th Chess Olympiad
2022 at the Jawaharlal Nehru (JLN) Indoor Stadium in Chennai, Tamil Nadu (TN).

PM Narendra Modi Inaugurates & Lays Foundation Stone of Multiple Projects of Sabar Dairy
in Sabarkantha, Gujarat
On July 28, 2022, PM Narendra Modi inaugurated and laid the foundation stone for a number of projects
totaling more than Rs. 1,000 crores at Sabar Dairy in Gadhoda Chowki, Sabarkantha, Gujarat.
Bhupendra Rajnikant Patel, CM of Gujarat, was also present during the occasion.
• Sabar Dairy is a part of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which
produces and sells milk and milk products under the Amul brand.
Projects Launched at Sabar Dairy in Gujarat
i. Powder Plant
ii.Aseptic Milk Packaging Plant
iii. Sabar Cheese & Whey Drying Plant Project
Details of the Projects:
i. The PM inaugurated the Powder Plant at Sabar Dairy, which has a daily capacity of about 120 metric tonnes
(MTPD).
• The project’s overall cost is more than Rs. 300 crores.
• The plant’s design complies with international requirements for food safety. It has almost zero
emissions and is very energy-efficient. It also has a modern, fully automated bulk packing line.
ii.The PM also inaugurated the Aseptic Milk Packaging Plant at Sabar Dairy, a cutting-edge facility with a
capacity of 3 lakh litres per day.
• The project has been executed with a total investment of around Rs. 125 crores.
• The factory uses cutting-edge automation technology that is energy-efficient and environmentally
friendly. The project will help ensure better remuneration to milk producers.
iii. In addition, the Prime Minister also laid the groundwork for the Sabar Cheese & Whey Drying Plant
Project.
• The estimated outlay of the project is around Rs. 600 crores.
• The Plant will manufacture Cheddar Cheese (20 MTPD), Mozzarella Cheese (10 MTPD) and
Processed Cheese (16 MTPD).
• Whey generated during manufacturing of cheese shall also be dried at Whey Drying Plant, having
capacity of 40 MTPD.
Note: The Government has declared the birth anniversary of Bhagwan Birsa Munda on November 15th as
Janjatiya Gaurav Diwas.

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PM Modi Launches India’s First International Bullion Exchange in Gandhinagar, Gujarat

On July 29, 2022, PM Narendra Modi launched the India International Bullion Exchange (IIBX), India’s first
International Bullion Exchange in GIFT-IFSC and the NSE IFSC-SGX Connect in Gandhinagar, Gujarat.
• He also laid the foundation stone of the headquarters building of the International Financial Services
Centres Authority (IFSCA) in GIFT City, Gandhinagar, Gujarat.
Dignitaries
CM of Gujarat Bhupendra Rajnikant Patel, Union Finance Minister Nirmala Sitharaman, Union and State
Ministers, diplomats, business leaders were among those present on the occasion.
GIFT city
GIFT City is India’s first International Financial Services Center (IFSC) and is designed to serve as an integrated
hub for integrated technology and financial services.
International Financial Services Centres Authority (IFSCA)
IFSCA is the unified regulator for the development and regulation of financial products, financial services, and
financial institutions in International Financial Services Centres (IFSCs) in India.
• The building has been designed as an iconic structure to reflect the GIFT- IFSC’s rising prominence
and reputation as a premier International Financial Centre.
• The IFSCA has been established under the International Financial Services Centres Authority Act,
2019.
India International Bullion Exchange (IIBX)
IIBX will promote efficient price discovery with the assurance of responsible sourcing and quality, apart from
accelerating the financialisation of gold in India.
• It will enable India to reclaim its rightful place in the global bullion market and to provide quality
and integrity to the global value chain.
• IIBX also affirms the Government of India’s commitment to giving India the ability to influence
global bullion prices as a principal consumer.
NSE IFSC-SGX Connect
The NSE IFSC-SGX Connect is a framework between the NSE’s subsidiary in the GIFT-IFSC and the Singapore
Exchange Limited (SGX).
• Indonesia, South Africa and the UK are partner countries in the first edition of the Forum.
Under Connect, the NSE-IFSC order matching and trading platform will be used for matching and routing all
orders on NIFTY derivatives placed by members of the Singapore Exchange.
• It is envisaged that many broker-dealers from India and other international jurisdictions will trade
derivatives through Connect.
• It will enhance the liquidity of GIFT-IFSC derivative markets, bringing in more foreign investors and
improving the GIFT-IFSC financial ecosystem.
Note:
• According to reports, India is the second-largest consumer of the precious metal – Gold.
• In 2021, India bought 1,069 tonnes of gold, up from 430 tonnes in 2020.
• China continues to be the world’s highest gold consumer.
PM Modi Declares 44th Chess Olympiad 2022 Open in Chennai, Tamil Nadu
On July 28, PM Narendra Modi inaugurated the 44th Chess Olympiad 2022 at the Jawaharlal Nehru (JLN)
Indoor Stadium in Chennai, Tamil Nadu, (TN).
• The 44th Chess Olympiad 2022 is being held in Chennai from July 28 to August 9, 2022, at a hotel in
Mamalapuram (Mahabalipuram), TN.
Dignitaries
Ravindra Narayana Ravi, Governor TN, Chief Minister of Tamil Nadu Shri M. K. Stalin, Union Minister Shri
Anurag Singh Thakur and Shri L Murugan, President of International Chess Federation (FIDE),
Mr Arkady Dvorkovich were also present on occasion.

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Background
• On June 19, 2022, the PM lit the inaugural Chess Olympiad 2022 Torch Relay at the Indira Gandhi
National Stadium in New Delhi, Delhi.
• The torch travelled to 75 iconic spots in India over the course of 40 days, covering about 20,000
kilometres and concluding in Mamalapuram (Mahabalipuram) before heading to the FIDE
Headquarters in Switzerland.
44th Chess Olympiad: A Tournament of Many Firsts and Records
i. The Chess Olympiad 2022, which has been held annually since 1927, will take place in Asia for the first time
in 30 years and in India for the first time.The first Chess Olympiad was held in London,United Kingdom.
ii.The Chess Olympiad 2022 will have the most participants ever, representing 187 nations.
• India also has the largest contingent in the competition, comprising 30 players across 6 teams.
iii. In 2022, the first ever Chess Olympiad Torch Relay has begun.
PM Narendra Modi Addresses 42nd Convocation of Anna University, Chennai, TN
On July 29, 2022, PM Narendra Modi attended the 42nd Convocation of the Anna University in Chennai, TN,
together with Ravindra Narayana Ravi, Governor of TN, M. K. Stalin, CM of TN and Union Minister L. Murugan.
• The PM presented certificates and gold medals to 69 gold medalists during the event.
Anna University was established on 4 September 1978. It is named after C. N. Annadurai, the former Chief
Minister of Tamil Nadu.
• It has 13 Constituent Colleges, 494 Affiliated Colleges spread over Tamil Nadu and 3 Regional
Campuses – Tirunelveli, Madurai and Coimbatore.
Note:
• India has emerged as the second-largest mobile phone manufacturer in the world with a 126% jump
in production from Financial Year (FY) 2021 to FY22.
• India has recorded the highest ever annual Foreign Direct Investment (FDI) inflow of USD 83.57
billion in the Financial Year 2021-22.
About Gujarat:
Chief Minister – Bhupendra Rajnikant Patel
Zoological Park – Sakkarbaug zoo, Junagadh; Dr. Shyamaprasad Mukherjee Zoological Garden (Sarthana
Nature Park), Surat
Airports – Sardar Vallabhbhai Patel International Airport, Ahmedabad; Dholera International Airport, Dholera

NSO Develops Three Labour Indicators, says 15% Of 60+ Employed People Worked Part Time
in 2017-20
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), in
its Working Paper on Compilation of Labour Indicators of the Minimum Set of Gender Indicators to
develop a methodology for compiling three labour indicators, reported that between 2017 and 2020, the
proportion of employed people working part-time in the 46–59 years age group across all of India was greater
than 10%, while the proportion was greater than 15% in the above 60 age group.

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Key Parameters
The National Statistical Office (NSO) developed three labour indicators based on Periodic Labour Force Survey
(PLFS) data available in “Person level data of first visit schedule”: “Proportion of Employed who are Employer,
by sex” and “Employment Rate of persons age 25-49 living in a household with at least one child under age 3
years and with no children under age 3 years living in the household, by sex”
• These indicators are managed by the International Labour Organization (ILO).
• It has considered part-time employed workers as the proportion of those working less than 30
hours a week.
Key Points:
i. The NSO in its Working Paper noted that in India, the proportion of employed persons working part time is
higher among females than males regardless of the age categories.
ii.According to the paper, Employment Rate of Employed Worker in the 26 – 49 years age group, living in
households without children under the age of 3 years increased from 58.37 % in FY18 to 61.2 % in FY20. (FY-
Financial year)
• It also indicated that for 2017-18, 2018-19, and 2019-20, the proportion of employed persons who
are employers was estimated to be 1.91%, 2.17%, and 2.02%, respectively.
iii. It also stated that policymakers in developed nations have encouraged part-time employment in an effort to
redistribute working time in nations with high unemployment rates, thereby lowering politically sensitive
unemployment rates without necessitating an increase in the total number of hours worked.

Point 5140 at Dras sector named as Gun Hill to mark victory of Operation Vijay
Point 5140 at Dras, in Kargil sector was renamed as “Gun Hill” to commemorate the victory of Indian Armed
Forces (IAF) and pay tribute to the sacrifice of the war heroes in “Operation Vijay 1999”.
Key Points:
i.On behalf of the Regiment of Artillery of the Indian Army, a wreath was laid by Lieutenant General TK Chawla,
Director General of Artillery at Kargil War Memorial, Dras with Veteran Gunners of the Operation Vijay.
• Lieutenant General Anindya Sengupta, General Officer Commanding, Fire & Fury Corps also laid a
wreath on the solemn occasion.

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ii.The ceremony was conducted in the presence of Veterans from all Artillery Regiments of the Army, which got
the honour title “KARGIL” in Operation Vijay.
About Point 5140
The task of capturing Point 5140, a strategically important mountain peak in the Dras sector, was assigned to
13 JAK Rif(Jammu & Kashmir Rifles) under the command of Lieutenant Colonel Yogesh Kumar Joshi on 17 June
1999.
• Operation Vijay in 1999 :- The Kargil War, also known as the Kargil conflict was an armed
conflict fought between India and Pakistan from May to July 1999 in the Kargil district of Jammu and
Kashmir and elsewhere along the Line of Control (LoC). In India, the operation which carried by
Indian military to clear out the Kargil sector is called as Operation Vijay.
• ‘Operation Vijay in 1961 :- The Liberation Day of Goa is celebrated on Dec 19 every year after the
Indian Armed Forces liberated it from the Portuguese rule in 1961 and called it ‘Operation Vijay.’
Note-
Kargil Vijay Diwas is celebrated on 26 July every year to honour the Indian Army’s successful mission (called
Operation Vijay).

BANKING & FINANCE

RBI Temporarily Allows Merchants and PAs to Save Customer Card Credentials
The Reserve Bank of India (RBI) has temporarily allowed merchants or their Payment Aggregators (PAs)
involved in settlement of transactions where cardholders choose to enter the card details manually to save
the Card-On-File (CoF) data for a maximum duration of “Transaction Date + 4 days” or until the settlement
date, whichever is earlier.

• This data must be utilized only for the settlement of such transactions and then purged.
• Currently, the aforementioned dispensation is permitted to the card issuer and the card network.

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Acquiring banks can continue to store CoF data (customer card credentials) for various post-transaction
activities until January 31, 2023.
Key Points:
i. The RBI emphasized that there shall be no change in the effective date of implementation of the requirements
relating to “Restriction on Storage of Actual Card Data (CoF)”—all entities, with the exception of card
issuers and card networks—shall purge the CoF data before October 1, 2022.
ii.No entity in the card transaction/payment chain other than card issuers and/or card networks shall store
CoF data with effect from October 1, 2022, and any such data previously held shall be purged.
iii. The RBI issued a warning to all providers and participants of payment systems that appropriate punitive
action, including the imposition of business restrictions, would be taken in the case of disobedience.

BOB Financial Solutions Launches Mobile Application – bobcard

On 29th July 2022 BOB Financial Solutions Limited launched credit card servicing mobile application
(app), bobcard, for providing one-stop solution for customers to manage their Bank of Baroda (BoB) credit
card services.

About bobcard:
i.The bobcard has been designed in collaboration with IBM and is user friendly with an attractive design
including secured access with face ID, fingerprint lock & PIN, and a smart eye feature that ensures the card
details of customers to remain private.
ii.Features – The app helps in manage card usage limit, redeem reward points instantly, convert high-value
transactions into smart EMIs, pay credit card bills on time
iii.Bobcard app can be downloaded by both iOS and android users and start using after linking it with their
registered mobile number.
About BOB Financial Solutions Limited:
BOB Financial Solutions Limited a Non-Banking Financial Company (NBFC), wholly owned by the Bank of
Baroda (BoB).
MD & CEO – Shailendra Singh
Establishment – 1994
Headquarters – Mumbai, Maharashtra

SCIENCE & TECHNOLOGY

TASL Delivers Indigenous Combat Vehicles to Indian Army to Boost Border Surveillance
Tata Advanced Systems Limited (TASL), Tata group’s Aerospace and Defence Arm has successfully delivered
the indigenously developed combat vehicles Quick Reaction Fighting Vehicle-Medium (QRFV) to the Indian
Army to boost border surveillance.

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• TASL became India’s first private sector company to produce and deliver wheeled armoured
combat-ready vehicles for the Indian armed forces.
• This system will enhance the operational capabilities of the Indian Army in future conflicts and
during war.

About QRFV:
i.QRFV offers a Standardised Agreement (STANAG) level 4 protection against up to 14kg and 21kg of
explosives.
ii.The vehicle is fitted with run-flat tires with turbo diesel engines which can carry up to 14 people, including
the commander and driver (approx 2 tons of weight).
KeyNote:
i.In April 2022 Former Chief of Army Staff General MM Naravane had inducted Infantry Protected Mobility
Vehicle (IPMV), Ultra Long Range Observation System developed by TASL and Monocoque Hull Multi-Role
Mine-Protected Armoured Vehicle developed by Bharat Forge.
ii.To encourage the production of indigenous defence equipment, the centre has reduced expenditure on
defence procurement from foreign sources from 46 percent of the overall expenditure to 36 percent in the last
four years (2018-19 to 2021-22).
iii.Infantry Protected Mobility Vehicle (IPMV) has been developed by Tata Advanced Systems Limited (TASL)
along with Defence Research and Development Organisation (DRDO).
iv,The military mobility vehicle has been built on the strategic 8×8 Wheeled Armoured Platform (WhAP) along
with the Vehicles Research & Development Establishment (VRDE), a unit of DRDO.
v.Tata Advanced Systems’ flagship product, WhAP 8×8 (Wheeled Armoured Platform) is India’s first
Amphibious Infantry Combat Vehicle (Wheeled), designed for optimised survivability, all-terrain performance,
and increased lethality.
About Indian Army:
Chief of Army Staff (COAS) – General Manoj Pande
Headquarters – New Delhi, Delhi

BOOKS & AUTHORS

A Book titled Journey of a Nation: 75 Years of Indian Economy by Sanjaya Baru released
A new book titled ‘’The Journey of a Nation: 75 Years of Indian Economy: Re-emerge, Reinvest, Re-engage’’
authored by Sanjaya Baru and published by Rupa Publications India Pvt Ltd.
i. SanjayaBaru’s 75 Years of Indian Economy is part of a series that looks back at the past 75 years of
independent India.
ii.The book starts with a reference to British historian Angus Maddison and his book The World Economy: A

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Millennial Perspective (2001), which estimated that in 1700, China and India together accounted for half of the
world’s national income and that, by 1950, their combined share was down to less than 10 per cent.

Michelle Obama ‘s book ”The Light We Carry”, to be released

The New Book titled “The Light We Carry: Overcoming in Uncertain Times” authored by Michelle Obama,
the Former first lady of the United States of America(USA) to be released. The book will be published Globally
by Penguin Random House and it will be released in the US and Canada by Crown, an imprint of the Random
House Publishing Group
• In this Book she will reflects upon her experiences and shares insights on navigating an increasingly
stressful world.
• Other book by Michelle Obama- Becoming released in 2018.

A Book titled Riding the De(Mon) by Murali Raghavan released

A new book titled ‘’Riding the De(Mon)’’ authored by Murali Raghavan, a Chartered & Cost accountant from
India, based in Dubai, United Arab Emirates(UAE) and published by Leadstart Publishing Pvt. Ltd, one of the
fastest-growing publishing houses in India.
i. The Book is a tale of big money and crime and looks at money laundering in India, particularly the methods
used by people to funnel their ill-gotten gains into the banking system, post demonetisation.
ii.The novel has been written after a lot of research about the methods used by people with ill-gotten wealth to
deposit their black money with banks and the vulnerabilities around the data of cash deposits that exists even
today in India.

STATE NEWS
Odisha signs MoU with FICCI for upcoming Make in Odisha Conclave 2022
Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) signed a Memorandum of
Understanding (MoU) with the Federation of Indian Chambers of Commerce and Industry (FICCI) for the Make
in Odisha(MIO) Conclave 2022, which will be held from November 30 to December 04, 2022.

• FICCI will work as a national industry partner in the conclave

Key people:
The signing ceremony was presided over by Pratap Keshari Deb, Minister for Industries, MSME & Energy,
Government of Odisha, Hemant Sharma, Principal Secretary, Industries, Government of Odisha, Arun Chawla,
Director General, FICCI and senior officers of IPICOL & FICCI.
Highlights:
i.The Make in Odisha Conclave 2022 will be the third edition. The first edition launched in 2016 received over
Rs 2 Lakh Crores worth of investment in Odisha.
The Second edition was launched in 2018, which received over Rs4 Lakh Crores worth of investment in Odisha.

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ii.It is an enterprising event. It attracts investors, entrepreneurs, and other industrialists also. It helps in
boosting investment and job opportunities in the state.
iii.Odisha registered a growth of 10.1% in 2021-22 and became one of the fastest-growing economies in India.
Other sectors such as the Manufacturing sector with 56% share in Industrial gross value added grew at 14.3 %
in 2021-22 while the mining sector with 21% share registered 18.1 % growth.
Note-
Odisha is one of the richest states in natural resources. It has 96 percent of chromite reserves, 92 percent nickel
reserves, 53 percent bauxite, 45 percent manganese, 35 percent iron-one, and 23 percent coal reserves of India.
• Odisha is also the largest producer of Steel, Stainless Steel, Ferro Alloys, Alumina, and Aluminum in
India.
About Odisha:
Chief Minister(CM)– Naveen Patnaik
Dance- Ghumura Dance, Ranapa Dance, Jodi Sankha Dance
Tribes – Bagata, Banjara

ANC signed MoU with AAI to boost inter-island connectivity under UDAN Scheme
Andaman Nicobar Command (ANC) signed a Memorandum of Understanding (MoU) with the Airport Authority
of India (AAI) to boost inter-island connectivity under UDAN (Ude Desh ka Aam Naagrik) Scheme in Port
Blair,the capital city of the Andaman and Nicobar Islands.

.Signatories:
The MoU was signed by Jameel Khaliq, Director, Port Blair Airport and Commanding Officers INS Kohasaa and
INS Baaz i.e. Capt. Satish Mishra and Capt. Jitendra Navet.
Key points:
i.Under the agreement, the naval airfields at Shibpur (Diglipur) in North Andaman and in Campbell Bay will be
utilized for civil operations.
Passenger flights will be connecting Port Blair directly to Diglipur and Campbell Bay.
ii.The agreement will provide smooth connectivity to remote islands and boost infrastructure development
and passenger terminals.
iii.Under the UDAN Scheme, a low-cost 20-passenger flight to be operated between the Andaman Nicobar
islands.
Connectivity issue:
i.Currently Helicopter services are available to Diglipur and Campbell in a very limited capacity.
• Diglipur is the third most populous town in Andaman while a major transshipment port is to come
up in Campbell Bay.
ii.The direct flight connectivity from Port Blair to Diglipur and Campbell will provide better services to daily
passengers, especially in case of emergency and boost tourism as well.

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About UDAN:
UDAN is a regional airport development program of the Government of India and part of the Regional
Connectivity Scheme of upgrading under-serviced air routes.
About Airport Authority of India (AAI):
Headquarters-New Delhi, Delhi
Founded- 1 April 1995
Chairman-Sanjeev Kumar

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