16 August 2022 : Latest Current Affairs 16th August
Important Current Affairs 16th August 2022
In this article, we will discuss all the Current Affairs of 16th August about national, international, banking, finance, sports, awards, and many others. So if you are interested to know about the latest 16th August 2022 current affairs then read this article till the end.
Current Affairs of 16th August – National News
1. On August 15, 2022, the country will commemorate its 76th Independence Day.
◉ India will commemorate its 76th Independence Day on August 15, 2022, to recognize its liberation from nearly 200 years of British colonial control.
◉ In addition to addressing the country from Red Fort in New Delhi, Prime Minister Narendra Modi is leading the celebrations.
◉ His eighth speech as prime minister is this one. The Indian government has launched a project named “Azadi Ka Amrit Mahotsav” to commemorate the country’s 75th anniversary of independence.
2. From April 2023, India will begin supplying gasoline with 20% ethanol.
◉ In April 2023, India will begin putting 20% ethanol in some gasoline at certain gas stations.
◉ By 2025, ethanol will make up one-fifth of gasoline, according to Oil Minister Hardeep Puri.
◉ In June 2022, India delivered gasoline that was blended with 10% ethanol (10% ethanol, 90% gasoline) ahead of time.
A 20 percent ethanol gasoline supply would save an estimated USD 4 billion yearly.
◉ After the US, Brazil, the EU, and China, India is the fifth-largest producer of ethanol in the world. Worldwide, ethanol is mostly consumed, but countries like Brazil and India also add it to gasoline.
3. Bharat Biotech has finished testing the first intranasal vaccination in India.
◉ For the BBV154 intranasal Covid vaccine, Bharat Biotech has finished the clinical development for phase III studies and booster doses.
◉ The adenoviral intranasal vaccine BBV154 has been demonstrated to be safe, well-tolerated, and immunogenic in patients in controlled clinical trials, making it the first Covid-19 vaccine of its sort to undergo human trials in India.
◉ BBV154 is simple to store and distribute because it is stable at 2 to 8°C.
4. The year 2022 saw PM Narendra Modi observe Partition Horrors Memorial Day.
◉ In order to raise awareness of the suffering and sacrifices made by Indians during the partition in 1947, Prime Minister Narendra Modi proclaimed August 14 to be observed as “Partition Horrors Remembrance Day” in his Independence Day speech from the previous year.
◉ The day, which falls on Pakistan’s Independence Day, would be commemorated in honor of “our people’s struggles and sacrifices.”
◉ The division of India into India and Pakistan in the weeks and months leading up to August 15, 1947, caused widespread sectarian violence, loss of property, and major instability.
5. Donyi Polo Airport is the name of Arunachal’s third airport.
◉ The administration of Arunachal Pradesh has awarded the third airport in the state, which is currently being built in Itanagar, the name “Donyi Polo Airport.”
◉ A spokesperson of the Chief Minister’s Office stated that the state cabinet decided to call the airport “Donyi Polo Airport” at its meeting. The assembly was presided over by Arunachal Pradesh’s chief minister, Pema Khandu.
6. J&K Government launched Village Defence Guards Scheme
◉ Ministry of Home Affairs has sanctioned approval for the creation of the Village Defence Guard Scheme – 2022 in Jammu and Kashmir.
◉ Earlier, this scheme was known as Village Defence Committee in which volunteers from villages were trained by the Indian Army and Police.
Banking
7. Launch of the “Utsav fixed deposit plan” by State Bank of India (SBI), the biggest lender in the country, has launched a novel term deposit scheme dubbed “Utsav Deposit Scheme.”
◉ This fixed deposit program only lasts a short while and offers higher interest rates. This program is launched in honor of the country’s 76th anniversary of independence, known as Azadi Ka Amrit Mahotsav.
◉ SBI is giving fixed deposits with a duration of 1000 days and an interest rate of 6.10% annually. Additionally, seniors will be entitled to an additional 0.50% over and above the standard interest rate.
8. If GDP expands at 9% for 5 years, India’s economy might reach USD 5 trillion by FY29: Former Governor of the RBI D Subbarao
◉ Speaking at the Federation of Telangana Chamber of Commerce and Industry on India @75- Marching Towards USD 5 Trillion Economy on the occasion of 75 years of Indian Independence, former RBI Governor D Subbarao said there are eight key challenges for India to overcome to achieve the dream of a USD 5 trillion economy.
◉ India may become a USD 5 trillion economy by 2028–2029 only if the GDP grows at a consistent 9% per year for the next five years.
Appointment
9. 4 independent directors were reappointed by the government to the RBI’s central board.
◉ For another four years, the central government has renewed the appointments of Satish Kashinath Marathe, Swaminathan Gurumurthy, Revathy Iyer, and Sachin Chaturvedi to the central board of the Reserve Bank of India as part-time non-official directors.
◉ Iyer and Chaturvedi have been reappointed to the Reserve Bank of India’s Northern Local Board and Eastern Local Board, respectively.
Awards News
10. 107 Gallantry awards have been announced for members of the CAPF and the armed forces.
◉ On the occasion of Independence Day 2022, Droupadi Murmu, the President of India, has approved 107 Gallantry awards to members of the Armed Forces and Central Armed Police Forces.
◉ Three Kirti Chakras, thirteen Shaurya Chakras, two bar to Sena Medals, eighty-one Sena Medals, one Nao Sena Medal, and seven Vayu Sena Medals are among the honors (gallantry).
Sports
11. All India Football Federation is suspended by FIFA (AIFF)
◉ Due to undue interference from outside parties, which is a significant violation of the FIFA Statutes, the All India Football Federation (AIFF) has been unanimously suspended by the FIFA Council Bureau with immediate effect.
◉ Once an order to establish a committee of administrators to assume the duties of the AIFF Executive Committee has been rescinded and the AIFF administration has complete control over the AIFFs again, the suspension will be lifted.
◉ The FIFA U-17 Women’s World Cup 2022TM, which was slated to take place in India from October 11–30, 2022, cannot currently be conducted there as scheduled due to the ban.
12. The Durand Cup, the oldest competition in Asia, begins on August 16.
◉ The Durand Cup, the oldest football competition in Asia, is set to begin on August 16, 2022.
◉ At Kolkata’s Vivekananda Yuba Bharati Krirangan, FC Goa and Mohammedan SC will square off in the opening game. The 20 teams competing in the competition will be split up into four groups of five teams each.
◉ The competition is taking place in various cities for the first time ever. The Durand Cup will be held in West Bengal, Assam, and Manipur in 2022.
Obituary
13. Rakesh Jhunjhunwala, a seasoned stock market investor, has passed away.
◉ Rakesh Jhunjhunwala, a seasoned stock market investor, passed away at the age of 62.
◉ Jhunjhunwala, known as “India’s Warren Buffett” and the “Big Bull” of the Indian stock market, had a net worth of $5.8 billion.
Jhunjhunwala was the 48th richest man in the nation and a Midas touch investor.
14. Uma Pemmaraju, an Indian American journalist, passes away
◉ Uma Pemmaraju, an Indian-American journalist, died at the age of 64. She appeared on a number of programs, including Fox News Live, Fox News Now, and Fox On Trends. She has received numerous Emmy Awards over her career for journalism and investigative reporting.
◉ Pemmaraju helped Indian American journalists break into the investigative reporting profession by winning numerous Emmy Awards during the course of her career. She received the Woman of Achievement Award from the Big Sisters Organization of America.
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