Important Current Affairs for CLAT-1st July 2022

National Doctor’s Day celebrates on 1st July

India celebrates National Doctor’s Day on July 1, the birth anniversary of Dr Bidhan Chandra Roy, an eminent physician, academician, freedom fighter and politician. Doctor’s Day is celebrated globally on different dates. The date changes from country to country. National Doctor’s Day marks the role of doctors who work tirelessly to ensure that patients remain in good health. The day celebrates the efforts taken by the healthcare staff for their hardwork and dedication.

National Doctor’s Day 2022: Theme

Each year a new theme is given. For 2022, the theme for National Doctor’s Day is “Family Doctors on the Front Line.”

National Doctor’s Day: History

It was in 1991, when the day was first established. Dr Bidhan Chandra Roy is remembered on this day. He was a famous doctor and West Bengal’s second chief minister. Interestingly, his birthday and death anniversary are on the same day. The day honor’s Dr Roy and also recognises everyone’s effort to patients.

Know About Dr Bidhan Chandra Roy:

Dr Bidhan Chandra Roy was born in 1882 in Patna. He was the youngest of the five siblings. Dr BC Roy studied at Presidency College in Kolkata and later at Patna College with Honours in Mathematics. In 1901, he joined the Calcutta Medical College. After completing medical studies in India, Dr BC Roy left for England only with a small sum of money for higher studies.

He was repeatedly refused admission at St. Bartholomew’s Hospital but he was determined and kept submitting his application. After nearly 30 applications, Dr BC Roy was admitted, say records. In just a little over two years, he became a member of the Royal College of Physicians and a fellow of the Royal College of Surgeons.

During the freedom movement, Dr BC Roy became close to Mahatma Gandhi. In 1933, when the Mahatma was starting a fast in Poona, Dr BC Roy went to see him. Gandhiji had refused medicines because they were was not made in India.

Adani Sportsline is principal sponsor of Indian Olympic Association

Adani Sportsline, the sports arm of the Adani Group, has inked a long-term principal sponsorship deal with the Indian Olympic Association (IOA). It will be the official partner of the Indian contingent during the upcoming Birmingham Commonwealth Games 2022, the Hangzhou Asian Games 2022, and the Paris Olympic Games 2024. The group had earlier been associated with the Indian contingent during the Tokyo Olympics in 2021.

Key points:

  • Adani Sportsline has supported over 28 athletes through its athlete support initiative, #GarvHai, across a variety of sports. Six of these athletes represented India at the Tokyo Olympics in 2021, and among them was wrestler Ravi Kumar Dahiya, who brought home a silver medal.

  • Adani Sportsline also owns teams on Indian and global platforms, including the Pro Kabaddi League, Ultimate Kho Kho League, Big Bout Boxing League, and International League T20 (cricket), among other initiatives.



Karnataka government launched ‘Krishi Yatra’ scheme

Karnataka government has launched the ‘Krishi Yatra’ scheme. The Kashi Yatra project, which offers a cash assistance of Rs 5,000 to each of the 30,000 pilgrims willing to conduct a pilgrimage to the Kashi Vishwanath Temple in Varanasi, Uttar Pradesh.

For this scheme, the government will be using funds of up to Rs 7 crores from the accounts head of ‘Assistance to Manasa Sarovara Pilgrims’ which was announced in the chief minister’s budget speech for the financial year. Shashikala Jolle, the Minister for Religious Endowment, Hajj and Wakf, said, any pilgrim taking up the government-sponsored ‘Kashi Yatra’ would get the benefit only once in a life time.

Eligibility to apply for the scheme:

  • Beneficiary should be a native of Karnataka

  • Applicant should be above 18 years old

  • Beneficiaries who have already availed the subsidy once are not eligible

Documents required:

  • Proof of beneficiaries’ domicile of origin in Karnataka – voter ID, Aadhaar card or ration card.

  • Age proof – Aadhaar card, voter ID etc.

New Delhi: 4th Synergy Conference between Indian Army and DAD

In New Delhi, there was the fourth Synergy Conference between the Indian Army and the Defense Accounts Department (DAD). Senior commanders of the Indian Army and DAD attended the one-day meeting, which was co-chaired by Vice Chief of Army Staff (VCOAS) Lt Gen BS Raju and Controller General of Defence Accounts (CGDA) Shri Rajnish Kumar.

KEY POINTS:

  • Deliberations on the AGNIPATH plan and the timeline for the prompt implementation of a system for pay and allowances for Agniveers were on the conference’s main agenda.

  • Enhancing the performance of Pay and Accounts Offices (PAOs) for better service delivery to Junior Commissioned Officers/Other Ranks of the Indian Army was another item on the agenda. Senior officers from both sides were consulted as concrete action plans for the future were developed.

  • The CGDA agreed with the department’s goal of using technology to improve service delivery to the armed forces and to implement creative business process re-engineering to significantly alter the way that bills are processed and paid.

  • He described the numerous DAD projects, including the future Centralized Pay System and DARPAN (Defence Accounts Receipt, Payment and Analysis). He also emphasised the importance of the Army’s cooperation in achieving the goals.

  • The many initiatives being carried out by DAD were well received by the VCOAS. He encouraged DAD and top Indian Army officers to coordinate closely in order to resolve various internal audit and payment difficulties.

In order to facilitate decision-making and improve the management of the defence budget, he discussed the necessity of identifying the costing and expenditure profile for the units and formations. He acknowledged the significant contribution made by personnel of the Indian Defence Accounts Service in assisting the Indian Army in making vital financial choices and ensuring financial discipline through the Accounting and Audit Function.

Chartered Accountants Day 2022 observed on 01st July

The Chartered Accountants’ Day or CA Day is held on 01 July every year in India. It is also known as ICAI Foundation Day. The day is marked to commemorate the foundation of the Institute of Chartered Accountants of India (ICAI) on July 1, 1949. ICAI is among the oldest professional institutions in the country and also the second largest professional accounting and finance body in the world in terms of members.

Chartered Accountants Day: Significance

The Institute of Chartered Accountants of India (ICAI), which sets the requirements for chartered accountants, administers the exams, and issues certificates of practice, is a key player in the regulation of the accounting profession in India. Thus, the day is important for honoring the ICAI as well as appreciating the efforts and contributions of chartered accountants across the nation.

Chartered Accountants Day : History

The Chartered Accountants’ Day honors the founding of the Institute of Chartered Accountants of India (ICAI), the second-largest accounting organization in the world and the country’s first national professional accounting body. It was created on July 1st, 1949, as a statutory body by the Indian Parliament under the Chartered Accountants Act. India celebrates this day each year to commemorate the founding of the Institute of Chartered Accountants of India (ICAI).

Role of a Chartered Accountant:

The role of a Chartered Accountant is very important in any business organisation, regardless of the size and nature of the firm. An array of his/her responsibilities expands from preparing financial statements and developing financial plans to auditing, tax filings, bookkeeping and so on. So, to Laurel the profession and to acknowledge its importance in an organisation as well as in the national economy.

RBI data: Credit card spending exceeded Rs. 1.13 billion in May

May saw credit card spending reach an all-time high of $1.14 trillion, indicating that the retail sector is doing well. According to Reserve Bank of India data, credit card spending increased 118 percent annually and 8 percent monthly as a result of strong e-commerce spending, high-value travel and tourism spending, and discretionary purchases.

KEY POINTS:

  • Despite pressures from inflation and rising interest rates, credit card spending in May remained significantly higher than $1 trillion. The total amount spent on credit cards in May was $1.13 trillion, up from $1.05 trillion in April and $52,200 crore in May of the previous year.

  • The biggest incremental rise in credit card spending was recorded by Indusind Bank and Kotak Mahindra Bank, at 17% and 15%, respectively. All other companies experienced growth in the 4–9% range. American Express, on the other hand, experienced a 2% month-over-month fall.

  • The system’s overall number of active credit cards increased by 23.2 percent annually to 76.9 million in May 2022, the most in the previous 27 months.

  • With 38,000 new cards added in the same month, HDFC bank had the highest monthly incremental card addition rate. Since April, the bank has noticed an increase in the marketshare of credit card expenditures.

  • In May, the bank’s market share for credit card purchases was 27.7% compared to 27.6% in April and 26.6 % in March.

After the RBI relaxed the moratorium on new credit card issuances in August of last year, HDFC Bank launched 1 million new credit cards and relaunched three credit cards, which contributed to their marketshare increase. On the other side, despite adding a lot of cards in May, Axis Bank reported a decline in marketshare in spending.