Important Current Affairs for CLAT-18th July 2022

Nelson Mandela International Day 2022 observed on 18 July

Every year on July 18 the world marks Nelson Mandela International Day. The day is a remembrance of the first democratically elected President of South Africa and his long years of struggle for justice against apartheid. As a human rights lawyer, a political prisoner, a global mediator, and the first democratically elected leader of a free South Africa, he had dedicated his life to serving humanity.

Nelson Mandela International Day 2022: Theme

The theme for Nelson Mandela International Day 2022 is “Do what you can, with what you have, where you are”, according to the United Nations. The theme finds significance given the geopolitical landscape in eastern Europe as well as sporadic conflicts in the Horn of Africa, followed by the crisis in Sri Lanka, Afghanistan, and various other parts of the world, as the UN chief notes.

Nelson Mandela Day: History

The day came about in November 2009, after the UN General Assembly recognised the former contributions of Mandela to peace and the fight for freedom. The UNGA adopted the resolution outlining the values and dedication to the service of humanity in conflict resolution, race relations, promotion, protection of human rights, fight against poverty, and more. It is celebrated on the birthday of Mandela. Later in 2014, the UNGA introduced the Nelson Mandela Prize to honour the achievements of those who dedicated their lives to humanity.

Who was Nelson Mandela?

A human rights activist, lawyer, and international promoter of peace, Nelson Mandela was the first people’s leader of South Africa. He was born in the year 1918 on July 18. He was the son of Chief Henry Mandela and was also known as Madiba for hailing from the clan of Tembu people. He was orphaned at an early age and claimed his chieftainship at an early age. He joined the African National Congress and went on to become the leader of its Youth League and his contributions hence are known to the world. Mandela, who was accorded the Nobel Peace Prize in October 1993, died in 2013 at the age of 95.

Singapore Open 2022: PV Sindhu wins first Super 500 title

PV Sindhu won the first Super 500 title of her career when she defeated reigning Asian champion Wang Zhi Yi of China 21-9, 11-21, 21-15 in the final of the Singapore Open. This is her first 500 or better since the world championship win in 2019. This is her first 500 or better final in 2022. This is an important marker for the world No 7 while the rankings are still frozen.

In men’s Single:

Anthony Sinisuka Ginting won the men’s singles title at badminton’s Singapore Open 2022. Olympic bronze medallist Ginting from Indonesia beat unseeded Japanese player Naraoka Kodai in a closely fought final

MoU signed between RBI and Bank Indonesia to further their shared cooperation

An agreement was reached between the Reserve Bank of India and Bank Indonesia to increase collaboration in payment systems, digital financial innovation, anti-money laundering, and countering the funding of terrorism (AML-CFT). On the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Bali, the two central banks agreed to a Memorandum of Understanding (MoU) to further their mutual cooperation.

KEY POINTS:

  • By signing this MoU, RBI and BI agreed to improve communication and collaboration in the field of central banking, including payment systems, technological advancements in payment services, and the regulatory and supervisory framework for AML-CFT.

  • The MoU will be put into practise through policy discussion, technical collaboration, information sharing, and teamwork.

  • In the presence of RBI Governor Shaktikanta Das and BI Governor Perry Warjiyo, it was signed by Deputy Governors of the RBI Michael Debabrata Patra and the BI Dody Budi Waluyo.

  • The MoU will also serve as a solid foundation for fostering intercultural understanding, creating effective payment systems, and attaining cross-border payment connectivity, according to the RBI.

According to the statement, such measures will be carried out through routine discussion of current financial and economic concerns and trends, technical collaboration through training and joint seminars, and cooperative work to investigate the creation of cross-border retail payment linkages.

Integration with new tax site completed by Kotak Mahindra Bank

As one of the first private banks to be fully connected with the new portal, Kotak Mahindra Bank has announced the completion of its technical integration with the new income tax e-filing system. According to a statement from the lender, Kotak Mahindra Bank clients can now pay their direct taxes online through the e-pay tax page of the portal using Kotak net banking or in person at a branch. For its clients, this will make the tax payment procedure quick, easy, and convenient.

KEY POINTS:

  • Following the ruling allowing all banks to engage in government operations, Kotak Mahindra Bank claimed to have become the first scheduled private sector bank to be approved as a partner in tax collecting in October 2021.

  • They are quite proud of our personnel for having quickly integrated the comprehensive tax payment solution into our banking systems.

  • With the addition of this capability, Kotak Bank joins the pioneers in providing an ecosystem for direct tax payments through all of our channels.


Varanasi named 1st cultural and tourism capital of SCO

The holy city of Varanasi showcasing India’s culture and traditions over the ages will be declared the first “Cultural and Tourism Capital” of the Shanghai Cooperation Organisation. Varanasi will become the “Cultural and Tourism Capital” of the SCO for 2022-23 under a new rotating initiative by the eight-member organisation to promote people-to-people contacts and tourism among the member states.

Under this initiative:

  • Each year a city of the cultural heritage of a member country that will take over the rotating Presidency of the organisation will get the title to highlight its prominence.

  • The organisation’s new initiatives ahead of this year’s Heads of the State summit of the SCO scheduled to be held at Samarkand in Uzbekistan on September 15-16 this year.

  • The new initiative will come into force after the Samarkand summit following which India will take over the Presidency and host the next Heads of the State summit.

About the Shanghai Cooperation Organisation:

The Beijing-headquartered Shanghai Cooperation Organisation (SCO) is an eight-member economic and security alliance comprising China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India and Pakistan.

The SCO is the successor to the Shanghai Five, a mutual security agreement formed in 1996 between China, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. On 15 June 2001, the leaders of these nations and Uzbekistan met in Shanghai to announce a new organisation with deeper political and economic cooperation; the SCO Charter was signed on 7 July 2002 and entered into force on 19 September 2003. Its membership has since expanded to eight states, with India and Pakistan joining on 9 June 2017. Several countries are engaged as observers or partners.

VK Singh appointed as Director (Technical) of REC Limited

V.K. Singh has taken charge as Director (Technical) of REC Limited. Before this elevation, Singh was Executive Director in REC holding a portfolio of key business areas including Private Sector Project Management, Entity Appraisal and Procurement and is also a Director on the Board of REC Power Development and Consultancy Limited.

About the V.K. Singh:

Singh holds a Bachelor’s Degree in Electrical Engineering from IIT Roorkee and has a career spanning more than 33 years across power sector PSUs, NTPC, PGCIL and REC. In his 15 year stint with REC, he has delivered in key operations of the company involving Policy formulation, Project & Entity Appraisal, Business Planning, Stressed Assets Management and MoU negotiations besides heading operations at REC’s subsidiary for some time.

REC Limited:

REC Limited, formerly Rural Electrification Corporation Limited, is a public Infrastructure Finance Company in India’s power sector. The company is a Public Sector Undertaking and finances and promotes power projects across India.

Rajnath Singh launched Project 17A stealth frigate ‘Dunagiri’

Union Defence Minister Rajnath Singh has launched the fourth P17A stealth frigate ‘Dunagiri’ into the Hooghly River in Kolkata. The Project 17A frigate is built by Garden Reach Shipbuilders Limited. The P-17A class is a follow-on of the P-17 Shivalik Class with improved stealth features & advanced weapons.

About the P17A Project:

  • The first two ships of the P17A Project were launched in 2019 and 2020 at MDL and GRSE respectively. The third ship (Udaygiri) was launched at MDL on 17 May 22 earlier this year.

  • Security challenges in the Indian Ocean region and Indo-Pacific are constantly increasing. In order to achieve the Prime Minister’s Vision of ‘SAGAR’, i.e., Security and Growth for All in the Region’ and to protect, preserve and promote India’s national maritime interests, the Indian Navy, Indian Coast Guard and other organizations have to increase the infrastructure and assets so that the country stays ahead of the curve in dealing with these challenges.

World Day for International Justice 2022

World Day for International Justice is observed on July 17 to commemorate the organisations that work to bring justice to the victims of international criminal acts. It also commemorates the establishment of modern court systems in the world. The day focuses on the advocacy of fundamental human rights and the promotion of international criminal justice.

World Day for International Justice: Significance

World Day for International Justice aims at lauding the efforts of the ICC and uniting everyone in promoting justice for the victims of international crimes. The ICC mainly focused on crimes against humanity (extermination, murder, etc.), genocide (deliberately harming one community), war crimes (willfully causing suffering, torture, etc.), and crimes of aggression (military occupation, annexation, etc.).

World Day for International Justice: History

On July 17, 1998, 120 countries came together to sign a treaty titled the Rome Statute of the International Criminal Court. The establishment came to be known as the International Criminal Court (ICC), which came into force on July 1, 2002. To celebrate the signing of the Rome Statute, World Day for International Justice has been celebrated every year ever since.

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