Current Affairs 30th August

 

National Affairs

1. Pradhan Mantri Jan Dhan Yojana Completes 9 Years of Successful Implementation

On 28th August 2023, Pradhan Mantri Jan Dhan Yojana (PMJDY), a Public Mission for

Monetary Incorporation (FI) finished 9 years of fruitful execution.

 

The world’s largest initiative for financial inclusion, PMJDY, was introduced by Prime Minister (PM) Narendra Modi on Independence Day, August 15, 2014, and launched on August 28th, 2014.

 

Monetary Consideration:

 

FI is a far-reaching approach aimed toward encouraging a monetary turn of events and guaranteeing that monetary administrations are available to all portions of society.

 

FI advances impartial and comprehensive development by expanding monetary administrations at a reasonable cost to weak gatherings, for example, low-pay gatherings and more vulnerable areas that need admittance to fundamental financial administrations. The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a scheme

 

PMJDY means to guarantee admittance to monetary administrations, specifically, fundamental reserve funds and store accounts, settlement, credit, protection, and benefits in a reasonable way to all families in India.

 

Under the plan, a fundamental investment funds bank store (BSBD) record can be opened in any bank office or Business Reporter (Bank Mitra) outlet, by people not having some other

account.

 

Features:

 

• Unbanked individuals are granted access to one basic savings account.

 

• In PMJDY accounts, there is no minimum balance requirement (zero balance/zero charges).

 

• Premium is procured on the store in PMJDY accounts.

 

• Rupay Charge card is given to PMJDY account holders.

 

Benefits:

 

One-Lakh-Rs. Accident Insurance (increased to Rs. 2 lakh for new PMJDY accounts

opened after 28th August 2018) is accessible with a RuPay card given to the PMJDY account

holders.

 

An overdraft (OD) office of up to Rs. 10,000 to qualified account holders is accessible.

 

The beneficiaries’ PMJDY accounts are eligible for all government benefits, including but not limited to Direct Advantage Move (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Annuity Yojana (APY), Miniature Units Advancement and Renegotiate Office Bank (MUDRA) conspire.

 

Achievements:

 

As of mid-August 2023, the quantity of complete PMJDY Records is 50.09 crore; 55.6% (27.82 crore) Jan-Dhan account holders are ladies and 66.7% (33.45 crore) Jan Dhan accounts are in provincial and semi-metropolitan regions.

 

The Jan Dhan–Aadhaar–Mobile (JAM) architecture has consistently made it possible for the government to successfully transfer benefits to the common man’s accounts.

 

Jan Dhan Darshak Application (JDD Application), is a portable application that provides a resident-driven stage for finding banking contact focuses, for example, bank offices, ATMs, Banking Journalists (BCs), Indian Post Installment Banks, and so on in India. On the JDD App, more than 13 lakh banking touchpoints have been mapped.

2. PM Narendra Modi addresses B20 Summit India 2023 held in New Delhi

From August 25-27, 2023, the Business 20 (B20) Highest point India 2023, an authority G20

(Gathering of Twenty) discourse discussion with the worldwide business local area was held in New Delhi, Delhi. The state head (PM) of India, Narendra Modi, tended to the highest point on 27th August 2023.

 

The acronym “Responsible, Accelerated, Innovative, Sustainable, Equitable” was used as the theme for B20 India 2023.

 

The B20 India 2023 Report incorporates 54 suggestions and 172 arrangement activities for

accommodation to G20.

 

India, B20:

 

The Confederation of Indian Industry (CII), which was represented by the B20 India Secretariat, was in charge of the B20’s activities during India’s G20 Presidency in 2023.

The Secretariat was answerable for directing the turn of events and execution of the B20

Process. Mr N Chandrasekaran, Executive Chairman of Tata Sons, is in charge of B20 India. N Chandrasekaran, Chair of the B20 India, gave Brazil the B20 Presidency at the summit’s conclusion.

 

Note: India formally expected the G20 Administration on December 1, 2022, subsequent to dominating from Indonesia.

 

Central issues:

 

It was gone to by more than 1,500 policymakers, business pioneers and specialists.

 

B20, during India’s Administration, drove the most common way of electrifying worldwide business pioneers for their perspectives on issues of worldwide monetary and exchange administration.

 

The Highest point saw the zenith of the extended results of every one of the B20 India Taskforces furthermore, Activity Boards.

3. Nitin Gadkari Launched the World’s 1st BS 6 Stage II ‘Electrified Flex Fuel Vehicle”

Nitin Gadkari, Association Priest, Service of Street Transport and Highways(MoRTH) sent off the world’s most memorable model of BS-VI(Bharat Stage Six) Stage II consistent “Jolted Flex Fuel vehicle”, Toyota Innova Hycross. It is a Toyota Kirloskar Motor Private Limited (Toyota Kirloskar) version of the Innova.

 

This is additionally India’s most memorable flex-fuel charged vehicle that can run in either electric mode or on the other hand 100 per cent ethanol. This launch aligns with India’s goal of blending ethanol into gasoline by 20% by 2025-2026.

 

About the Electric Flex Fuel vehicle:

 

The new Electrified Flex Fuel Vehicle (FFV) was designed and developed in accordance with India’s emission standards and is based on the Innova Hycross.

 

Adaptable fuel vehicles (FFVs) have a gas-powered motor and are able to work on petroleum and any mix of petroleum and ethanol.

 

The impending phases of this model will incorporate fastidious refinement, homologation

furthermore, the confirmation process.

 

This cutting-edge vehicle has an internal combustion engine and can run on gasoline or any mixture of gasoline and ethanol.

 

As of recently, the most extreme constraint of blending is set at around 83%. But however, this model says to run on 100% ethanol.

 

Key People:

 

Association Priest Hardeep Singh Puri, Service of Petrol and Normal Gas(MoPNG), Association Serve Dr Mahendra Nath Pandey, Service of Weighty Ventures; Masakazu Yoshimura, Overseeing Chief and CEO (MD and President), Toyota Kirloskar were introduced during the send-off.

 

Bharat Stage (BS):

 

Bharat stage(BS) emanation guidelines are outflow norms initiated by the Public authority of India to control the result of air poisons from pressure start motors and Sparkignition motors hardware, including engine vehicles.

 

Bharat Stage Six(BS-VI):

 

Bharat Stage Six (BS-VI) or BS6 is the sixth emanation benchmark or standard in lessening

contamination levels when contrasted with the BSIV or BS4 emanation standards.

 

Both are the most extreme emanation standards which set the greatest contamination from the exhaust of the engine vehicle. India moved to BS VI vehicular outflow standards by the first of April 2020 from BS-IV.

 

By April 1, 2017, India would have introduced BS-II, BS-III, and BS-IV quality auto fuels in accordance with the previous Auto Fuel Policy. The Committee suggested putting in place BS-V emission standards by April 1, 2020, and BS-VI emission standards starting in 2024.

 

Because of the rising contamination, the Public authority carried out the BS-IV and BS-VI

discharges with impact from the first of April 2020.

 

The fuel quality has improved from BS-IV to BS-VI standards by decreasing the admissible

Sulfur content from 50 Sections For each Million (ppm) in BS-IV to a limit of 10 ppm in BS-VIcompliant fuel.

 

Extra data:

 

India has diminished its reliance on oil imports with an intent to become independent. At

present, India imports non-renewable energy sources worth Rs 16 lakh crore consistently.

A biofuel with the chemical formula C2H5OH is ethanol, which is also known as ethyl alcohol or alcohol. It is produced naturally by fermenting sugar.

4. President of India Released Rs.100 Coin Commemorating Late Shri NT Rama Rao

The Nandamuri Taraka Rama Rao (N.T. R), a legendary Indian actor and former Chief Minister of Andhra Pradesh, was the subject of a commemorative silver coin issued by the Government of India (GoI). The leader of India Droupadi Murmu delivered the coin to stamp the 100th birth commemoration (century Year) of N.T.Rama Roa at Rashtrapati Bhavan Social Centre(RBCC) in New Delhi, Delhi.

 

The Rs.100 Silver coin has the following characteristics: it has a diameter of 44 millimetres and is made of 50% silver, 40% copper, 5% nickel, and 5% zinc.

 

On one side, it features three lions and the Ashoka Chakra; on the other, it features an image of NTR and the inscription “Nandamuri Taraka Rama Rao Satha Jayanthi.” NTR’s centennial, the coin likewise has the engraving 1923-2023.

 

About N.T.Rama Rao

 

He was the Chief Minister of Andhra Pradesh for three terms and was well-known to fans and supporters as Anna Garu, or “Elder Brother.” He made his presentation in Telugu language motion pictures.

 

N.T.Rama Rao was regarded with three Public Film Grants for his association with the

creation of Telugu motion pictures Thodu Dongalu (1954) and Seetharama Kalyanam (1960) and coordinating Varakatnam (1970). He was likewise respected with India’s fourth-most elevated non-military personnel honour, the Padma Shri in 1968 in the field of expressions and movies.

 

In the 1950s, he became well-known for his roles as Hindu deities like Lord Shiva, Lord Rama, and Lord Krishna in his films.

 

He is likewise perceived for his job for the drives like Telugu Social Renaissance

furthermore, the Telugu language development.

 

The Public authority Mint India Government Mint, Mumbai (‘IGM Mumbai’) has taken part in the production of course coins, dedicatory coins, awards and emblems, and loads and measures principles. The IGM Mumbai, laid out in 1829, is quite possibly one of the most established mints in India.

 

The Security Printing and Minting Corporation of India Limited (SPMCIL) is in charge of running it, which is a component of the Union Finance Ministry. The primary Mumbai Mint rupee was begat in the year 1672.

Banking and Finance

1. ADB Signs Agreement with Fourth Partner to Set up Solar Power Plant in Tamil Nadu

An agreement for the construction and operation of a solar photovoltaic power plant in Tirunelveli, Tamil Nadu, was signed by the Asian Development Bank (ADB) and Fourth Partner Energy (4PEL) Private Limited (Fourth Partner), an Independent Power Producer (IPP). Annually, the 25 MW power plant will generate approximately 50.7 GWh of electricity.

 

Note: A renewable energy plant receives direct financing from ADB for the first time.

 

Aim:

 

The sunlight-based photovoltaic power plant intends to give perfect and reasonable energy to businesses and modern clients. The plant will forestall the emanation of almost 41,700 tons of carbon dioxide(CO2) each year.

 

Regarding energy procurement with open access:

 

With a connected load greater than 1 MW, heavy users can purchase inexpensive electricity from the open market through Open Access.

 

Businesses can purchase electricity directly from IPPs thanks to India’s open access policy for renewable energy.

 

This can assist them with diminishing their fossil fuel byproducts and accomplishing net zero emanation targets.

2. ‘Infinity Savings Account’ , First-Of-Its-Kind Fixed Fee-Based Savings Account Launched by Axis Bank

Hub Bank Restricted sent off ‘Endlessness Bank account’, a first-of-its-sort completely Computerized fixed charge based investment account with no desk work or branch visits. Through the Video Know Your Customer (KYC) procedure, we can open completely digitally.

 

This record is intended for clients who are happy with utilizing computerized administrations and frequently pursue membership-based administrations.

 

Eligibility:

 

Any Indian resident over the age of 18 with an initial funding of Rs 5,000.

 

Benefits:

 

• Clients need to pay a decent measure of charge at a predefined time frame. There are no service fees and there is no minimum AMB (average monthly balance). 
• There are no fees associated with domestic transactions.
• Free Check Card with limitless Robotized Teller Machine (ATM) withdrawals.
• No charges for really taking a look at book use or exchanges/withdrawals above limits.

 

Plans available:

 

Month-to-month plan: Customers are required to pay Rs 150 each month. At the very least, the plan should be in effect for six months.

 

Yearly arrangement: The yearly arrangement is charged at Rs.1650 (comprehensive of GST) and offers vast benefits for 360 days.

Science and Technology

1. BHEL Manufactures First Set of Indigenous SCR Catalysts to limit NOx emission

Bharat Weighty Electricals Restricted (BHEL) has made India’s original set of Native

Impetuses for Specific Impetus Reactors (SCR) for restricting oxides of nitrogen

(NOx). This creation is in accordance with the public authority’s “Make in India” Drive.

 

The first set of indigenously manufactured SCR catalysts for the 5800 Mega Watt (MW) Yadadri Thermal Power Station in Telangana was launched by Ms Renuka Gera, Director (Industrial Systems & Products), BHEL, from the Solar Business Division (SBD) unit in Bengaluru, Karnataka.

 

Ignition of coal changes over the nitrogen bound in coal to frame different items, for example, nitric oxide (NO), nitrogen dioxide (NO2) and nitrous oxide (N2O). These items are altogether called oxides of nitrogen (NOx) which are huge significant poisons.

 

Please keep in mind that Bharat Heavy Electricals Limited (BHEL) is an Indian Maharatna central public sector enterprise (CPSE) that falls under the Ministry of Heavy Industries’ administrative control. Laid out in 1956, BHEL is situated in New Delhi

 

The Telangana State Power Generation Corporation Limited (TSGENCO) has placed an order for SCRs for the 5800 MW Yadadri thermal power station, according to a recent Ministry of Environment and Forest notification.

 

Further, Maharashtra State Power Age Co Ltd (MAHAGENCO) for 1×660 MW Bhusawal nuclear energy plant in Maharashtra, West Bengal Power Improvement Organization Restricted (WBPDCL) for 1×660 MW Sagardighi nuclear energy plant in West Bengal and Public Aluminum Organization Restricted (NALCO) is a Navratna CPSE under Service of Mines for 1×18.5 MW Damanjodi nuclear energy plant in Odisha.