Daily Current Affairs 14 September 2022 for Banking/Insurance/SSC and other related exams.
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India, Madagascar sign MoU on training of diplomats
A Memorandum of Understanding (MoU) was signed between India and Madagascar for the training of diplomats, according to an official statement.
- During a special ceremony organized at the Ministry of Foreign Affairs of Madagascar Foreign Affairs Minister Richard Randriamandrato and Ambassador Abhay Kumar signed the MoU between the Sushma Swaraj Institute of Foreign Service and the Foreign Affairs Ministery of Madagascar.
- The cooperation between India and Madagascar through this MOU is a step towards realising our common vision of SAGAR Security and Growth For All in the Region.
INS Satpura reaches Darwin in Australia to take part in multinational Exercise Kakadu
INS Satpura and a maritime patrol aircraft of the Indian Navy have reached Darwin in Australia to take part in multinational Exercise Kakadu-2022, hosted by the Royal Australian Navy.
- INS Satpura and P-8I Maritime Patrol Aircraft reached Darwin. The two-week-long exercise, both in harbour and sea, involves ships and maritime aircraft from 14 navies.
- Exercise Pitch Black 22 was hosted by the Royal Australian Air Force at its Darwin Air Base. Spanning over a duration of three weeks, the exercise saw the participation of 17 Air Forces and over 2500 military personnel. The IAF contingent included four Su-30 MKI & two C-17 aircraft.
BUSINESS & ECONOMY
Gujarat govt signs MoU worth 1.54 lakh crore rupees to set up semiconductor and display fab manufacturing unit
Gujarat government has inked a Memorandum of Understanding (MoU) worth 1.54 lakh crore rupees with Vedanta and Foxconn Group for the establishment of semiconductor and display fab production facilities in the state.
- The MoU was signed in the presence of Minister for Communications, Electronics & Information Technology Ashwini Vaishnaw and Gujarat Chief Minister Bhupendra Patel in Gandhinagar.
- The two companies will invest 1 lakh 54 thousand crore rupees to build the facility in Gujarat, which will lead to the creation of around 10 lakh new jobs.
Karnataka govt partners Dell for cyber safety practices
CySecK, Karnataka government’s centre of excellence (CoE) for cybersecurity and the nodal agency for promoting cyber-safe environment for industry collaboration, has partnered with Dell Technologies India to strengthen cyber-security in Karnataka.
- This partnership is driven towards building a safe and secure digital environment for students, startups, government, and other stakeholders in the state.
Mukul Rohatgi to be the next Attorney General for India again
Senior Advocate Mukul Rohatgi is set to be appointed the 16th Attorney General for India again after KK Venugopal vacates the post.
- This will be Rohatgi’s second time as AG, after his first stint between June 2014 and June 2017 as 14th Attorney General for India .
- At the end of June this year, AG Venugopal’s tenure was extended for a period of three months or “until further orders”. This extension is set to expire on September 30.
Damodaran to lead panel on accelerating PE/VC investments
The Finance Ministry constituted an expert committee under the chairmanship of former SEBI chairman Meleveetil Damodaran with a view to identify measures to unravel regulatory hurdles for venture capital and private equity investors.
- The committee, whose formation was originally announced by Finance Minister Nirmala Sitharaman in this year’s Union Budget, has been assigned the task of undertaking a comprehensive systemic study of the ‘end-to-end frictions’ and ‘potential accelerants’ from regulatory policy and taxation to facilitate ‘ease of investing’ as well as encouarage investments into India.
- Poonam Gupta, the director general of the National Council for Applied Economic Research (NCAER) as well as Former Reserve Bank of India executive director and SEBI member G. Mahalingam have been drafted in as members of the panel, along with former GST member of the Central Board of Indirect Taxes and Customs D.P. Nagendra Kumar.
SCIENCE & TECHNOLOGY
China develops fully solar-powered, semi-satellite drone
China has successfully tested its first fully solar-powered unmanned aerial vehicle (UAV) which can fly for months and can function even as a satellite if required. The maiden flight of Qimingxing-50 has been achieved, making it the first large-sized UAV powered only by solar energy, a Chinese government official informed.
- The Qimingxing-50, with a wingspan of 50 m, is a high-altitude long-endurance drone that is capable of high altitude aerial reconnaissance, assessing forest fire and can also be used for communications.
- This technology will bolster Chinese defences in space and at sea. It can be used in the field of renewable energy, new materials and aeronautical engineering.
ISRO and Hughes launch India’s first commercial satellite broadband service
Hughes Communications India (HCI) in collaboration with the Indian Space Research Organization (ISRO) officially launched its first high throughput satellite (HTS) broadband internet service in the country.The company had been testing its operation in North India for the last year.
- From northeast to desolate parts of Leh and Ladakh, the company, using ISRO’s Ku-band capacity of GSAT-11 and GSAT-29 satellites has promised to deliver high-speed satellite broadband services to remote locations across India.
- Through the HTS technology, the company is already providing assistance to the Indian Army, and paramilitary forces patrolling the Line of Actual Control (LAC) and other remote border outposts.
IIT Madras becomes first Indian institute to join IBM Quantum Network
IBM announced that Indian Institute of Technology Madras (IIT-Madras) has become the first Indian institution to join the IBM Quantum Network to advance quantum computing skills development and research in India.
- As a member of the IBM Quantum Network, IIT Madras will get cloud-based access to IBM’s most advanced quantum computing systems and IBM’s quantum expertise to explore practical applications and realize the wide-ranging benefits of this technology for business and society.
BOOKS & AUTHORS
Former India women’s coach Sjoerd Marijne pens down historic Tokyo Olympics journey in new book
Former Indian women’s hockey coach Sjoerd Marijne is set to turn author with his upcoming book, “Will Power”, sharing the inside story of the team’s incredible turnaround at the 2020 Tokyo Olympics.
- The book, published by HarperCollins India, will hit the stands on September 21. It is touted to be a moving tale about a team with zero self-belief and its quest to rise from the pits to achieve a fourth-place finish — its best ever performance in the Olympics.