Important Cuurent Affairs for CLAT-25th July 2022

First Khelo India Fencing Women’s League to begin on July 25, 2022

The first Khelo India Fencing Women’s League, which will begin on 25 July, 2022, will be hosted by Talkatora Indoor Stadium in New Delhi. The first-of-its-kind national fencing competition for women will take place through the 29th of this month, according to the Ministry of Youth Affairs and Sports. It will take place in three stages. Key Points:

  • The Sports Authority of India has sanctioned a total of Rs. 1 crore 54 lakh for the league’s operations. Over 17 lakh rupees have been set aside as prize money for each phase.

  • Twenty-one States and more than 300 women have enrolled to take part in the tournament.

  • Bhavani Devi, an athlete from the Tokyo Olympics and the Target Olympic Podium Scheme, will compete in the league’s Senior category Sabre event. She is playing on behalf of the Tamil Nadu State.

About Bhavani Devi:

  • Chadalavada Sundhararaman Anandha Indian sabre fencer Bhavani Devi is simply known as Bhavani Devi.

  • She qualified for the 2020 Summer Olympics, being the first fencer from India to ever do so.

  • She is assisted by the Rahul Dravid Athlete Mentorship Program, run by the GoSports Foundation. C.A.

  • She created Olympic history at the Tokyo Games by becoming the first Indian to compete in the sport, and won the solo women’s sabre competition at the Charlellville National Competition in France.

Kamal Haasan honoured by the UAE, obtains a Golden Visa

Kamal Haasan, a prominent figure in the Tamil cinema industry, has been given the prestigious Golden Visa by the United Arab Emirates. The Golden Visa has been given to others besides actor Kamal Hasan. Actors Nasser, Mammootty, Mohanlal, Tovino Thomas, Parthiepan, Amala Paul, and Shah Rukh Khan all have received it before Kamal Hasan.

Key Points:

  • Kamal Haasan was last spotted, in the box office sensation Vikram.

  • The leading actors of Lokesh Kanagaraj’s Vikram include Kamal Haasan, Vijay Sethupathi, and Fahadh Faasil.

  • Supporting actors included Kalidas Jayaram, Narain, Gayathrie, Vasanthi, and Santhana Bharathi. Raaj Kamal Films International produced the movie, and Udhayanidhi Stalin’s Red Giant Movies distributed it throughout Tamil Nadu.

About UAE Golden Visa:

  • The UAE Golden Visa is an extended resident visa programme which lasts between five and ten years.

  • The visa is perpetually extended. It is given to high performers in a variety of industries, as well as to professionals, investors, and those with potential skills.

  • The cost of the Golden Visa for those who are currently residents of the UAE ranges from AED 2,800 to AED 3,800.

  • The price of the Golden Visa for applicants outside of the UAE ranges from AED 3,800 to AED 4,800. Cost will vary according to service kind and visa status.

Forex reserves decreased by USD 7.5 billion to USD 572.7 billion

The Reserve Bank of India (RBI) most recent data shows that during the ending week of July 15, India’s foreign exchange reserves decreased by $7.5 billion to $572.7 billion. The reserves have dropped to their lowest level in 20 months, or since November 6, 2020, when they were $568 billion.The report showed that foreign currency assets, which decreased by $6.5 billion over the week, were the main cause of the reduction in foreign exchange reserves.

Key Points:

  • Shaktikanta Das, governor of the RBI, stated that the existing level of foreign exchange reserves is sufficient.

  • According to the July RBI report, the foreign exchange reserves at $580.3 billion on July 8, 2022, were sufficient to cover 9.5 months’ worth of anticipated imports for the years 2022–2033.

About Forex Reserve:

  • In 2022, reserves decreased by nearly $60 billion, primarily as a result of the central bank’s active intervention to reduce the market’s extreme volatility.

  • Since the conflict broke out in Europe in late February, the rupee has been under pressure. The Indian rupee has lost about 7% of its value compared to the dollar in 2022.

  • The amount of foreign exchange reserves has decreased by almost $70 billion since September 2021.


Ravinder Takkar to be replaced by Akshaya Moondra as CEO of Vodafone Idea

Vodafone Idea, a telecom Company, said that Akshay Moondra, who currently serves as chief financial officer, has been promoted to CEO with effect from August 19. According to the filing, Ravinder Takkar, the business’s current managing director and chief executive officer, will remain on the board of the company when his tenure is up as a non-executive and non-independent director.

Key Points:

  • On August 19, 2019, Takkar was chosen as the organization’s MD and CEO for a three-year tenure that will expire on August 18.

  • According to the filing, the company will soon make an announcement regarding a new CFO.

  • A subsidiary of Vodafone’s promoter was given permission by the VIL board to receive warrants convertible into an equal number of equity shares at a price of Rs 10.20 per warrant, for a total of up to Rs 436.21 crore.

Aaykar Diwas or Income Tax Day celebrates by CBDT on July 24

The Central Board of Direct Taxes (CBDT) observed the 162nd Income Tax Day (also known as Aaykar Diwas) on 24 July 2022. The purpose of this tax was to compensate for the losses incurred by the British regime during the first war of independence against British Rule in 1857. The day was first celebrated in 2010.

On 24 July 1860, Income Tax was introduced for the first time in India by Sir James Wilson. The purpose of this tax was to compensate for the losses incurred by the British regime during the first war of independence against British Rule in 1857.

About the Central Board of Direct Taxes:

The Central Board of Direct Taxes is a statutory authority functioning under the Central Board of Revenue Act, 1963. The officials of the Board in their ex-officio capacity also function as a Division of the Ministry dealing with matters relating to levy and collection of direct taxes. Historical Background of C.B.D.T.

HP becomes the 1st Indian state to connect all registered commercial vehicles

Himachal Pradesh has become the first state in the country to connect all registered commercial vehicles equipped with Vehicle Location Tracking Device (VLTD) with Emergency Response Support System (ERSS). Now, these vehicles can be tracked anywhere in the country through VLTD. More than 9,423 vehicles have been registered and linked with ERSS. Now it will be monitored by both the police and the transport department.

Chief Minister Jai Ram Thakur formally inaugurated the system at a program organized at Peterhof, in Shimla. He also introduced the facility of panic buttons for the safety of women and children in public vehicles.

Vehicle Location Tracking Device:

The Vehicle Location Tracking Device with Emergency Panic Button System and Command Control Center has been connected with Emergency Response Support System 112. When the panic button is pressed, a signal would be received through satellite to 112 and the person in distress would be connected and alert the police.

Ennarasu Karunesan chosen by IAPH to serve as its representative in India

Ennarasu Karunesan has been named as the International Association of Ports and Harbors’ (IAPH) official representative in India. IAPH is the world’s port industry’s forum for cooperation and excellence. Karunesan has over 33 years of leadership experience in the marine and port industries. He began his career in the port industry with the Mumbai port and later worked as the general manager of operations and CEO of the Westport Container Terminal in Port Klang, Malaysia, from 2001 to 2004.

KEY POINTS:

  • According to an IAPH press release, Ennarasu Karunesan relocated to India to serve as Director and CEO of Chennai Container Terminal Ltd., Dubai Ports World, and CEO of the Adani Ports & Special Economic Zone, Gujarat, India.

  • Patrick Verhoeven, the managing director of the IAPH, stated that they are happy to have Ennarasu join them in order to raise their profile and activity with Indian ports.

  • The IAPH can effectively represent their interests on a global scale, they feel, and Indian ports, terminal operators, and EXIM trading partners have a significant contribution to make to the global ports community in the areas of energy transition, data sharing, and resilience.

  • In light of the significant expansion of Indian trade in the global economy, Ennarasu will educate them to the possible advantages of collaborating more closely with IAPH and its port member peers from across the world.