Daily Current Affairs 6 August 2022 for Banking/Insurance/SSC and other related exams.
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2 crore 44 lakh houses sanctioned to beneficiaries under PMAY-G: Govt
The government has said that 2 crore 44 lakh houses have been sanctioned to the beneficiaries by various States under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) and one core 90 lakh houses have been completed.
- Out of the overall target of two crore 95 lakh houses under the scheme, a target of 2 crore 70 lakh houses has already been allocated to the States and UTs. Under PMAY-G, beneficiaries are provided financial Assistance of one lakh twenty thousand rupes in plain areas and one lakh thirty thousand rupees in hilly States.
Govt plans to develop and operationalize 220 airports, heliports and water aerodromes in next five years
The Government has planned to develop and operationalize 220 airports, heliports and water aerodromes in the next five years. Till 2014, there were 74 airports with scheduled operations in the country and at present, the number of operational airports is 141 including 8 heliports and two water aerodromes.
Centre launches State University Research Excellence scheme to create robust Research and Development Ecosystem
The government launched State University Research Excellence scheme to augment the research capabilities in a structured way to create a robust Research and Development ecosystem in state and private universities and colleges.
- Secretary, Department of Science and Technology Dr. Srivari Chandrasekhar said, the new scheme will help bring the university system into mainstream research and enable the young faculty to participate in cutting-edge research.
Uttarakhand govt decides to develop Sanskrit-speaking villages
The Uttarakhand government has decided to develop one Sanskrit-speaking village in each of the 13 districts in the state. Uttarakhand is the first state in the country to launch an initiative on this scale to promote Sanskrit. There is only one Sanskrit-speaking village in the state of Karnataka.
- Residents of these villages will be trained by experts to use the ancient Indian language as a medium of daily communication. Sanskrit teachers will be sent to the selected villages to teach locals how to communicate in the language.
- Sanskrit is the second official language of Uttarakhand.
- To be called ‘Sanskrit Gram’, each of these villages will be a centre of ancient Indian culture.
Haryana’s Cheerag Scheme for EWS Students
Haryana government has launched the “Chief Minister Equal Education Relief, Assistance and Grant (Cheerag)” scheme.
- Under the Cheerag scheme, government school students whose parents have an annual verified income of less than Rs 1.8 lakh can enroll in private schools from Class II to XII.
- The government will reimburse Rs 700 per student from Classes II to V, Rs 900 per student from Classes VI to VIII, and Rs 1,100 per student from Classes IX to XII.
President of Maldives Ibrahim Mohamed Solih arrived in India
President of Maldives Ibrahim Mohamed Solih arrived in India on a two-day visit. President Solih was accompanied by a high-level official and business delegation.
- The visit of the Maldives President, Ibrahim Solih, to Delhi gave both sides the opportunity to reiterate the importance of the bilateral relationship.
- The India Maldives development cooperation including Addu roads and reclamation, water and sanitation in 34 islands and Friday Mosque restoration projects was reviewed.
BANKING & FINANCE
Revenue Deficit Grant of 7,183.42 crore rupees released to fourteen states
Finance Ministry has released the 5th monthly installment of Post Devolution Revenue Deficit grant of over 7,183 crore rupees to fourteen states. The grant has been released as per the recommendations of the Fifteenth Finance Commission. The Ministry said, the 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of 86,201 crore rupees to 14 States for the financial year 2022-23.
- The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly installments.
- With the release of the 5th installment, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to over 35 thousand 917 crore rupees.
BUSINESS & ECONOMY
MPC hikes repo rate by 50 bps to 5.40%
The Reserve Bank of India’s Monetary Policy Committee (MPC) announced a 50 basis point hike in the repo rate to 5.40 per cent, citing continued upside risks to inflation.
- The Standing Deposit Facility (SDF) rate is now at 5.15 per cent, while the Marginal Standing Facility (MSF) Rate stands at 5.65 per cent. The SDF represents the lower band of the interest rate corridor and the MSF the higher.
- The latest rate action takes the total tally of rate hikes since May to 140 basis points.
- Consumer Price Index (CPI) inflation has remained above the upper band of the RBI’s mandated 2-6 per cent range for six straight months up to June 2022.
- The June inflation print was at 7.01 per cent. The RBI’s medium-term target for CPI inflation is 4 per cent.
- The MPC on Friday retained the real GDP growth forecast of 7.2 per cent for the current financial year.
Jagdeep Dhankhar elected India’s 14th Vice President
National Democratic Alliance (NDA)’s candidate Jagdeep Dhankhar has been elected India’s 14th Vice President. He secured 528 votes. Opposition pick Margaret Alva who got 182 votes has lost.
- The Vice President of India, which is the second-highest constitutional post in the country, is elected through an electoral college consisting of members of the Rajya Sabha and the Lok Sabha.
- The Vice President of India is also the Chairman of the Rajya Sabha.
Ranjit Rath appointed as Chairman and MD of Oil India Limited
Ranjit Rath, a man with experience of more than 25 years in geosciences, has taken over as the new Chairman and Managing Director (CMD) of Oil India Limited (OIL). He took charge of the organization on 2 August.
- Oil India Limited (OIL) is the country’s second largest public sector exploration and production company. OIL is a Navratna PSU and falls under the Ministry of Petroleum and Natural Gas.