Important Current Affairs for CLAT-9th August 2022

World observed Nagasaki Day on 09th August

Japan commemorates the 9th of August every year as Nagasaki day. On August 9, 1945, the United States dropped an atomic bomb on Nagasaki, Japan. It was code-named “Fat Man” due to the design of the bomb as it had a wide, round shape. On August 9, 1945, a US B-29 bomber dropped an atomic bomb on the city, killing nearly 20,000 people. The year 2022 will mark the 77th anniversary of the incident and will pay tribute to all those who lost their lives in the attack or were left alive to die slowly in the horrible nuclear radiation.

Why celebrate Nagasaki Day?

Nagasaki Day is also an important day to remember the survivors of the bombing. Because of the atomic bomb, many people were left with radiation sickness or cancer. Today, they continue to work to help others learn from the tragedy and prevent future deaths from nuclear weapons.

Celebrating Nagasaki Day is an important way to show our respect for the victims and survivors of the bombing. It can help us learn from history and make sure that such a tragedy never happens again.

Nagasaki Day 2022: Significance

Nagasaki Day marks the anniversary of the atomic bombings that took place in Nagasaki on August 9, 1945. After Hiroshima, Nagasaki was the second Japanese city to be attacked by a nuclear weapon. As a result, thousands of people died and a thousand of others were fatally injured. Nagasaki Day is observed to remind people of this horrific tragedy and to discourage the use of nuclear weapons leading to complete elimination.

Nagasaki Day 2022: History

  • On August 9, 1945, an American bomber dropped an atomic bomb over Nagasaki killing around 40,000 people instantly.

  • Similar events had taken place three days before on August 6, when a bomber dropped an atomic bomb on the city of Hiroshima killing over 80000 people. These two consecutive nuclear attacks on Japan forced it to surrender unconditionally in the world war on August 15 1945.

  • Japan started the observation of Nagasaki Day every year on August 9 to raise awareness about the devastating power of the nuclear bombs. The day is to remind the world about the pain and suffering of victims of the attack and honour those who lost their lives.

RBI Imposes ₹2.33 Cr Monetary Penalty On Spandana Sphoorty Financial

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.33 crore on Hyderabad-based Spandana Sphoorty Financial Ltd for its failure to adhere to the pricing of credit guidelines for Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs).

Reason For This Action:

RBI had conducted statutory inspections of the company, a NBFC- MFI, with reference to its financial position as on March 31, 2019 and March 31, 2020. Examination of the Risk Assessment Report, Inspection Reports, supervisory letters and all related correspondence revealed that the company’s failure to adhere to pricing of credit guidelines for NBFC-MFI, according to the central bank’s statement. The central bank observed that its action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.

RBI said the penalty has been imposed in exercise of powers vested in it under the provisions of the Reserve Bank of India Act, 1934.

UP Government appoints Deloitte India to make UP a $1 trillion economy

The Government of Uttar Pradesh has decided to appoint Deloitte India as a consultant. The aim of this decision is that it will suggest plans for bringing the state’s economy to the USD 1 trillion mark. The UP government signed a memorandum of understanding (MoU) with Deloitte India on Friday. In the presence of Chief Minister Yogi Adityanath, the MoU was signed between the consultancy agency and the government of Uttar Pradesh.

On 19 July 2022, the Government of Uttar Pradesh decided to appoint Deloitte India as the consultant for improving the Economy of the most populous state of India. Yogi Adityanath takes this decision aiming for the advantage and economic development of Uttar Pradesh. The project aims that Uttar Pradesh will become a benchmark for the policy of ‘Sabka Saath Sabka Vikas’ with a trillion-dollar economy. Deloitte will present a future action plan in 90 days and it will be presented to Yogi Adityanath. The action plan will be examined by a high-level committee which will be headed by the Chief Secretary.

Spiritual leader Dalai Lama honoured with Ladakh’s highest civilian award

Tibetan spiritual leader, Dalai Lama was honoured with the ‘dPal rNgam Duston’ award, the highest civilian honour of Ladakh. This award is given for his immense contribution to humanity, especially towards the union territory. The sixth award was conferred by Ladakh Autonomous Hill Development Council (LAHDC), Leh which celebrated the ‘dPal rNgam Duston’ with great fervour on the occasion of its foundation day at Sindhu Ghat.

The 87-year-old spiritual leader, who is on a visit to the union territory since July 15, appreciated the gesture and stressed maintaining communal harmony in the region. The ‘dPal rNgam Duston’ marks the celebration of the remarkable contribution and achievement of the heroes of Ladakh and seeks to instil a sense of pride in the younger generation.

Indian-American Aarya Walvekar crowned Miss India USA 2022

Indian American from Virginia, Aarya Walvekar has crowned Miss India USA in 2022 in New Jersey. Saumya Sharma, a second-year premedical student at the University of Virginia, was declared first runner up and Sanjana Chekuri of New Jersey was the second runner-up. This year marks the 40th anniversary of the pageant which is the longest-running Indian pageant outside of India. It was started by New York-based Indian- Americans Dharmatma and Neelam Saran under the banner of Worldwide Pageants.

About the competition:

  • As many as 74 contestants representing 30 states participated in three different pageants –Miss India USA, Mrs. India USA and Miss Teen India USA.

  • Akshi Jain from Washington has crowned Mrs India USA and Tanvi Grover from New York was crowned Miss Teen India USA.

  • Winners of all three categories receive complimentary tickets to Mumbai early next year to take part in Worldwide Pageants organised by the same group.

  • The event attended by singer Shibani Kashyap


Govt Ambitious: One Nation One Ration Card(ONORC) Completes 3 years

The scheme has now been implemented all over the country with Assam being the latest state to join the initiative in June 2022. The ONORC, which was launched as a pilot project on August 9, 2019 in four states, has completed three years.

It’s Working

The technology-driven ONORC scheme is being implemented by the Centre for the nation-wide portability of ration cards under the NFSA(National Food Security Act,2013). This system allows all NFSA beneficiaries, particularly the migrant beneficiaries, to claim either full or part of their entitled food grains from any Fair Price Shop (FPS) in the country through an existing ration card with biometric/Aadhaar authentication in a seamless manner. The system also allows their family members back home, if any, to claim the balance food grains on the same ration card.

Present Scenario:

At present, on an average about 3 crore portability transactions per month are being recorded under the scheme. Since inception in August 2019, about 77.88 crore portable transactions have taken place under the scheme. Under the NFSA, the Centre is providing 5 kilograms of food grains per person every month to nearly 80 crore eligible beneficiaries at a highly subsidised rate of Rs 2-3 per kilogram. To provide relief to poor, the Centre is also providing an additional 5 kilograms of food grains per person each month ‘free of cost’ to 80 crore people.

SEBI constitutes a 15-member committee to Attract Foreign Investment

The Securities and Exchange Board of India (SEBI) has constituted a 15-member committee to increase foreign investment. The advisory committee constituted by SEBI is called the ‘FPI Advisory Committee’ or FAC to ease ways for foreign investors to invest in the Indian markets by reviewing the existing processes. SEBI decides to constitute this committee to simplify the investment processes in the capital markets of India and suggest new ways of increasing investments.

Key Points

  • This committee will help in increasing participation in the domestic bond markets.

  • It will suggest new ways to bring changes in the existing rules to attract investment and enhance transparency.

  • The committee will also give recommendations on the issues related to custodians.

  • The Committee comprises of CEOs of the Exchange and Clearing Corporation, depositories, legal experts, consultancy firms, and other representatives of foreign banks.

  • The former Chief Economic Advisor (CEA) KV Subramanian is the chairman of this committee.

CSIR appoints Nallathamby Kalaiselvi its first woman director general

Senior electrochemical scientist, Nallathamby Kalaiselvi has become the first woman director general of the Council of Scientific and Industrial Research. Her appointment is for a period of two years with effect from the date of assumption of charge of the post or until further orders, whichever is earlier. Kalaiselvi succeeds Shekhar Mande, who superannuated in April.

Kalaiselvi has risen through the ranks in CSIR and had broken the proverbial glass ceiling by becoming the first woman scientist to head the Central Electrochemical Research Institute (CSIR-CECRI) in February 2019.

Experience of Nallathamby Kalaiselvi:

  • Kalaiselvi’s research work of more than 25 years is primarily focused on electrochemical power systems and in particular, the development of electrode materials, and electrochemical evaluation of in-house prepared electrode materials for their suitability in energy storage device assembly.

  • Her research interests include lithium and beyond lithium batteries, supercapacitors and waste-to-wealth driven electrodes and electrolytes for energy storage and electrocatalytic applications. She is currently involved in the development of practically viable Sodium-ion/Lithium-sulfur batteries and supercapacitors.

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