{"id":112891,"date":"2022-08-12T21:12:20","date_gmt":"2022-08-12T15:42:20","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=112891"},"modified":"2022-08-12T21:12:22","modified_gmt":"2022-08-12T15:42:22","slug":"current-affairs-for-competitive-exam-10-11-august-2022","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/current-affairs-for-competitive-exam-10-11-august-2022\/","title":{"rendered":"Current Affairs for Competitive Exam by Gkseries \u201310 & 11 August 2022"},"content":{"rendered":"\n

Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s 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 important facts from National\/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.<\/p>\n\n\n\n

Current Affairs for Competitive Exam \u2013 10 & 11 August 2022<\/h2>\n\n\n\n

Pramod Kumar appointed as CFO of Power Grid Corporation<\/a><\/h3>\n\n\n\n
\"Pramod<\/figure>\n\n\n\n

Board of Directors of the Powergrid Corporation of India Limited has approved the appointment of Pramod Kumar as the Chief Financial Officer (CFO). Prior to this, he served as the Executive Director (Finance) of the company.<\/p>\n\n\n\n

He has an experience of 35 years in the Power Sector including Finance and Accounting functions i.e. finalisation of Corporate Accounts, formulation of Capital Budget etc.<\/p>\n\n\n\n

Power Grid HQ: Gurgaon;<\/p>\n\n\n\n

Chairman & MD: Kandikuppa Sreekant<\/p>\n\n\n\n

Microsoft join ONDC to launch a shopping app in India<\/a><\/h3>\n\n\n\n
\"Microsoft<\/figure>\n\n\n\n

Microsoft becomes the first global Big Tech Company to join the Open Network for Digital Commerce (ONDC). ONDC is an Indian government initiative for developing a first-of-its-kind open network for digital commerce.<\/p>\n\n\n\n

Microsoft has intended to\u00a0introduce social e-commerce via its app in the Indian market later this year. Initially, the network began its pilot in De\u00adlhi, Bengaluru, Coimbatore, Bho\u00adpal and Shillong. ONDC is sponsored by the DPITT.<\/p>\n\n\n\n

World Biofuel Day 2022: August 10<\/a><\/h3>\n\n\n\n
\"World<\/figure>\n\n\n\n

World Biofuel Day is celebrated annually on August 10 to mark the importance of non-fossil fuels as a replacement for conventional fossil fuels.<\/p>\n\n\n\n

On this date, Sir Rudolf Diesel (German) successfully ran his diesel engine on peanut oil. In India, the Ministry of Petroleum and Natural Gas and the Ministry of Environment, Forest and Climate Change started celebrating World Biofuel Day 2015 onwards.<\/p>\n\n\n\n

Three types of biofuels used in India: <\/strong><\/p>\n\n\n\n

  1. Bioethanol<\/li>
  2. biodiesel and<\/li>
  3. biogas<\/li><\/ol>\n\n\n\n

    Google launches \u2018India Ki Udaan\u2019 to mark 75 years of independence of India<\/a><\/h3>\n\n\n\n
    \"Google<\/figure>\n\n\n\n

    Google has launched the \u2018India ki Udaan\u2019 project to celebrate the 75 years of Independence of India in the presence of Union Culture and Tourism Minister, G Kishan Reddy and other senior officials.<\/p>\n\n\n\n

    It was executed by Google Arts and Culture. It is based on the theme \u2018Unwavering and undying spirit of India over these past 75 years\u2019. The project will use rich archives and feature artistic illustrations to tell the story of India.<\/p>\n\n\n\n

    Google CEO: Sundar Pichai<\/p>\n\n\n\n

    Singapore declared Padang as 75th national monument of the country<\/a><\/h3>\n\n\n\n
    \"Singapore<\/figure>\n\n\n\n

    Singapore has declared its 200-year-old iconic green open space Padang as its 75th national monument as the country celebrates its 57th National Day (9th August).<\/p>\n\n\n\n

    From this site,\u00a0Netaji Subhas Chandra Bose\u00a0had\u00a0given his \u2018Delhi Chalo\u2019 slogan in 1943. From now, the Padang has been preserved and accorded the highest level of protection in Singapore under the Preservation of Monuments Act. The\u00a0victory parade of Japanese surrender on September 12, 1945 was held on Padang.<\/p>\n\n\n\n

    44th Chess Olympiad concluded; India\u2019s men & women team win bronze medal<\/a><\/h3>\n\n\n\n
    \"44th<\/figure>\n\n\n\n

    The 44th edition of the Chess Olympiad has been concluded in Chennai, Tamil Nadu. India \u2018B\u2019 team (Men\u2019s) comprising D Gukesh, R Praggnanandhaa, Raunak Sadhwaniand and Adhiban won the bronze medal after defeating Germany.<\/p>\n\n\n\n

    India \u2018A\u2019 team (Women\u2019s)\u00a0comprising Vaishali and Koneru Humphy, Tania Sachdev and Bhakti Kulkari won the\u00a0bronze medal. The\u00a0Uzbekistan team won gold medal in the men\u2019s section and Armenia clinched the silver medal.<\/p>\n\n\n\n

    Asian Championship medalist Kamaraj passes away<\/a><\/h3>\n\n\n\n
    \"Asian<\/figure>\n\n\n\n

    Former Athlete, P V Kamaraj has been passed away at 68 due to a massive heart attack in Chennai.<\/p>\n\n\n\n

    He was a\u00a0part of the 4x400m Indian men\u2019s relay team that won bronze at the 1979 Asian Championships, Tokyo. He was\u00a0retired as a Chief Reservation Officer\u00a0with the Indian Railways and had contributed immensely to athletics in Tiruchi (hometown of Kamaraj). He was a NIS-trained coach and had trained the Tamil Nadu state team for several years.<\/p>\n\n\n\n

    James Marape sworn in as prime minister of Papua New Guinea for second term<\/a><\/h3>\n\n\n\n
    \"James<\/figure>\n\n\n\n

    James Marape, who become the prime minister of Papua New Guinea in 2019, has been re-elected as PM of the country for second term. Papua New Guinea has been governed by multi-party coalitions. He joined the PANGU Pati in May 2019 and announced to lead the PANGU Pati.<\/p>\n\n\n\n

    About Papua New Guinea:<\/p>\n\n\n\n

    Capital: Port Moresby; <\/p>\n\n\n\n

    Currency: Kina<\/p>\n\n\n\n

    It is a South Pacific nation. It got\u00a0independence from Australia on 16 September 1975. It is rich reserves of copper, gold, and oil<\/p>\n\n\n\n

    PM Modi dedicate second generation (2G) Ethanol Plant in Panipat, Haryana<\/a><\/h3>\n\n\n\n
    \"PM<\/figure>\n\n\n\n

    PM Narendra Modi has dedicated to the nation the 2nd Generation (2G) Ethanol Plant at Panipat in Haryana through video conferencing. The 2G Ethanol Plant has been built by the Indian Oil Corporation Limited, at an estimated cost of over 900 crore rupees.<\/p>\n\n\n\n

    The project will utilise about\u00a0two lakh tonnes of rice straw (parali) annually to generate around three crore litres of Ethanol per annum. It will also contribute to a reduction of Greenhouse Gases.<\/p>\n\n\n\n

    India\u2019s GDP Growth to be fastest in Asia in FY23: Morgan Stanley<\/a><\/h3>\n\n\n\n
    \"India\u2019s<\/figure>\n\n\n\n

    India is likely to be the fastest-growing Asian economy in the Asian region in 2022-23, according to analysts at Morgan Stanley, who expect the expect India\u2019s gross domestic product (GDP) growth to average 7 per cent during this period \u2013 the strongest among the largest economies \u2013 and contributing 28 per cent and 22 per cent to Asian and global growth, respectively. This makes India the fastest-growing Asian economy in the Asian region in 2022\u20132023. They claimed that due to the release of dormant demand, the Indian economy is poised for its strongest performance in more than a decade.<\/p>\n\n\n\n

    India\u2019s GDP<\/strong> growth<\/strong>: Key Points<\/strong><\/p>\n\n\n\n

    According to Chetan Ahya, chief Asia economist at Morgan Stanley, the most significant change in India\u2019s structural narrative is the obvious shift in policy emphasis in favour of increasing the economy\u2019s productive potential and India\u2019s GDP growth. He claimed that policymakers have adopted a number of changes that will spur an uptick in the private capex cycle, aid to unleash a potent productivity dynamic, and usher in the start of a virtuous cycle.<\/p>\n\n\n\n

    This confidence in India\u2019s GDP growth has been greatly aided by a decline in commodity prices, particularly those of crude oil. With oil and commodities prices down between 23 and 37% since their peak in March 2022, Morgan Stanley predicts that macro stability indicators will return to a comfortable level and that the Reserve Bank of India (RBI) may not need to raise rates substantially in the near future.<\/p>\n\n\n\n

    India\u2019s GDP<\/strong> growth<\/strong>: RBI\u2019s measures<\/strong><\/p>\n\n\n\n

    Since May 2022, the RBI has hiked rates cumulatively by 140 basis points (bps) in quick succession, lifting policy rates now to 5.4 per cent, which is a touch above pre-pandemic levels of 5.1 per cent. Along with the decline in commodity prices, the economy\u2019s reopening earlier this year has also contributed to the recovery of India\u2019s GDP growth. According to Morgan Stanley, demand has recently surged as a result of rising mobility and sustained levels above pre-Covid levels.<\/p>\n\n\n\n

    About Morgan Stanley:<\/strong><\/p>\n\n\n\n

    The corporate headquarters of the global American financial services and investment management firm Morgan Stanley is located at 1585 Broadway in Midtown Manhattan, New York City. Clients of the Morgan Stanley firm, which has offices in more than 41 nations and more than 75,000 workers, include businesses, governments, institutions, and people. On the 2021 Fortune 500 list of the biggest American companies by total revenue, Morgan Stanley came in at number 61.<\/p>\n\n\n\n

    India\u2019s GDP<\/strong> growth<\/strong>: Important Takeaways<\/strong><\/p>\n\n\n\n