Current Affairs August 2022

Russia successfully launches Iran’s satellite into orbit

A Russian rocket has successfully launched an Iranian satellite named Khayyam, into orbit by the Soyuz rocket from the Russia-leased Baikonur launch facility in Kazakhstan. The name of satellite was named after Omar Khayyam, a Persian scientist who lived in the 11th and 12th centuries. The satellite fitted with high-resolution camera will be used for environmental monitoring and will remain fully under its control.

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YES Bank ties up with IBSFINtech to provide digital services

YES Bank has joined hands with IBSFINtech (TreasuryTech Solution provider) to explore digital services for corporate clients. This partnership will strengthen the corporate treasury ecosystem with a strong decision-making tool and automated workflows. It will provide connectivity between a corporate’s ERP (Enterprise resource planning) and a bank’s solutions. YES Bank MD & CEO: Prashant Kumar; Headquarters: Mumbai

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RBI issues Digital lending norms to curb malpractices

RBI cancels licence of Rupee Co-operative Bank, Pune

RBI has cancelled the licence of Rupee Co-operative Bank Ltd, Pune, will be effective after six weeks (September 22, 2022). Reason: The bank is unable to pay its present depositors in full (capital inadequacy). It does not comply with the provisions of Section 11(1) and Section 22 (3) (d) with Section 56 of the Banking Regulation Act, 1949. The bank has also prohibited from

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Current Affairs for Competitive Exam by Gkseries –10 & 11 August 2022

Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 10&11 August 2022, we have tried to cover each and every point and also included all

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Telangana launches ‘Nethanna Ku Bima’ Scheme for weavers

Telangana Government has launched ‘Nethanna Ku Bima’ Scheme, an insurance scheme, which covers handloom and powerloom weavers in the State. This scheme was launched by Telangana Handlooms Minister, KT Rama Rao virtually on the occasion of National Handloom Day. The insurance coverage scheme will be implemented in association with LIC. In case of natural or accidental death of a weaver, Rs.

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Supreme Court of India: Justice Uday Umesh Lalit appointed 49th CJI

Justice Uday Umesh Lalit was on Wednesday appointed as the 49th Chief Justice of India with President Droupadi Murmu signing his warrant of appointment. He will assume charge on August 27 after incumbent NV Ramana demits office on August 26. He will have a brief tenure as the head of India’s judiciary and will demit office on 8 November

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13th Edition of Indo-US exercise “Ex Vajra Prahar 2022” started at Bakloh

The 13th Edition of the Indo-US Joint Special Forces exercise, “Ex Vajra Prahar 2022” has started at Bakloh of Himachal Pradesh. Aim: To share best practices and experiences and also improve inter-operability. The 12th edition was held at Joint Base Lewis Mcchord, Washington (USA) in October 2021. During the exercise, both armies would jointly train, plan and execute a series of Special Operations, Counter

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HM Amit Shah to e-launch onboarding of cooperatives on GeM portal

HM Amit Shah has e-launched the onboarding of cooperatives on GeM portal, now all eligible cooperatives will be able to place orders on the Government e-Marketplace (GeM) portal. Total 589 cooperatives have been shortlisted as eligible for onboarding. National Cooperative Union of India has prepared data of cooperatives with turnover and deposits of 100 crore rupees. GeM has been set up as

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Prof Ramadhar becomes first Indian psychologist on US Heritage Wall of Fame

An Indian professor, Ramadhar Singh has been marked on the ‘Heritage Wall of Fame’ of the Society for Personality and Social Psychology (SPSP) in the United States. Currently, he is a professor at the Amrut Mody School of Management, Ahmedabad. The Ohio State University, Columbus had nominated Ramadhar Singh for the induction to the ‘Heritage Wall of Fame’. SPSP was established in 1974,

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American Express launches Global Pay, cross border payments platform

American Express has launched its cross-border payments platform for small to medium-sized businesses named Global Pay. It will work as a digital solution that will let U.S. businesses make secure domestic and international B2B payments. In addition to this, the eligible customers can earn rewards points on foreign exchange payments. Global Pay is available to all eligible American Express Small Business Card

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