Current Affairs 4th August

National Affairs

1. FICCI-EY Report: India Loses 1.5 Million Lives in Road Crashes

Road accidents kill approximately 1.5 million people annually in India, according to a report published by the Federation of Indian Chambers of Commerce and Industry (FICCI) and EY titled “Road Safety in India – Navigating through Nuances.” India represents 11% of all street crash passings what’s more, best the world in street crash passings and wounds.

 

1. It says a traffic accident kills at least one person every 24 seconds worldwide.

 

2030. India marked the Brasilia Announcement in 2015, which looks to decrease worldwide street traffic fatalities and wounds by half by 2030.

2. IMD launched Heat Index indicating the Feel like Temperature

The India Meteorological Department (IMD) experimented with the Heat Index in July 2023. This data was given by the Association Pastor Kiren Rijiju, Service

of Studies of the planet (MoES) in a composed answer in the Rajya Sabha.

 

What is a heat file?

 

The intensity list estimates how hot it feels by thinking about both the air temperature and

relative stickiness. It offers direction for areas in India, showing the evident temperature/feel-like temperature to show the expected distress for individuals brought about by atmospheric conditions, alongside the day’s base and greatest temperatures.

 

Aim:

 

To give data on the impact of stickiness on high temperatures

 

Variety codes utilized for Exploratory Intensity File are as per the following:

 

Green: – Trial heat Record under 35 degrees C

Yellow: – Trial heat Record in the reach 36-45 degrees C

Orange: – Exploratory intensity List in the reach 46-55 degrees C

Red: – Trial heat List more noteworthy than 55 degrees C

 

Central issues:

 

The intensity list in India is determined in basically the same manner to the Public Weather Conditions Administration, and the Public Maritime and Environmental Organization (NOAA) in the US (US) 

 

It offers direction on playing it safe to limit inconvenience. IMD utilises temperature and mugginess information at 2:30 pm to compute the intensity record and gauges the greatest temperature around then.

 

A heatwave is pronounced in the event that the greatest temperature of a station comes to at any rate 40 degrees C or more and is 4.5 degrees above typical for the day for Fields and in any event 30 degrees C or something else for Bumpy locales.

 

When the temperature rises above 40 degrees Celsius and 6.5 degrees above normal, a severe heatwave is declared.

 

An intensity wave is a state of air temperature which becomes deadly to the human body when uncovered.

3. India Unveils Ayush Visa Category: For Foreign Nationals seeking Traditional Medicine Treatment

A new Ayush (AY) visa was issued by the Ministry of Home Affairs (MHA) on August 2, 2023, for foreign nationals seeking treatment under Ayush systems or Indian medical practices like therapeutic care, wellness, and yoga.

 

With this, another section for example part 11A – Ayush Visa has been integrated later

Section 11 – Clinical visa of the Visa Manual, which manages treatment under the Indian

frameworks of medication and appropriately fundamental changes has been made in different sections of the Visa Manual, 2019. AYUSH is an abbreviation for Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy.

 

Central issues:

 

The Ayush Visa intends to draw in outsiders who wish to go through Ayush treatment, wellbeing, also, Yoga in India.

 

The presentation of this visa lines up with State head (PM) Narendra Modi’s declaration

at the at Worldwide Ayush Venture and Advancement Culmination (GAIIS) in Gandhinagar, Gujarat in April 2022.

 

This will help Clinical Worth Travel in India, and furthermore strengthen the vision of making Indian conventional medication is a worldwide peculiarity.

 

Service of AYUSH and the Service of Wellbeing and Family Government Assistance (MOHFW) are working together to foster a one-stop Mend in India entry to advance India as a worldwide Clinical travel industry objective.

 

The Ministry of AYUSH is promoting the Ayush treatment system nationwide and internationally. In order to promote Medical Value Travel in Ayurveda and other traditional medical systems, it recently signed a Memorandum of Understanding (MoU) with the India Tourism Development Corporation (ITDC), Ministry of Tourism, GoI.

 

According to the report ‘The Worldwide Health Economy: Looking past Coronavirus’ by the Worldwide Health Establishment (GWI), the Worldwide Wellbeing economy will develop at 9.9% yearly. Ayush-based medical care and Health economy is assessed to develop to $70 billion by 2025.

4. ISLRTC and NIOS Signed an MoU to Promote ISL

On 29th July 2023, the Indian Gesture-based Communication Exploration and Preparing Center (ISLRTC) marked a Notice of Grasping (MOU) with Public Establishment of Open Tutoring (NIOS) to advance Indian Gesture-based communication (ISL) and team up on normalization and improvement of quality learning assets during the third year of Public Instruction Strategy (NEP) 2020 festivities and second Akhil Bharatiya Shiksha Sangam at India Exchange Advancement Association (ITPO), Pragati Maidan, New Delhi, Delhi.

 

Under the MoU, ISLRTC and NIOS have intended to chip away at planning and fostering a

cycle of survey of learning content in ISL, and fostering a smooth methodology for

assessment and assessment of hard of hearing and nearly deaf.

 

In some areas, the ISL standardization process will utilize ISLRTC’s expertise and resources.

 

Note: NIOS presented ISL as a language subject at the optional level in 2021. ISLRTC has

contributed by fostering the cycles for the assessment and assessment of kids with

hearing impedance.

5. NHPC and ALIMCO Signed MoU for Providing Aids & Assistive Devices to Divyangjans 

On the first of August 2023, the Public Hydroelectric Power Commission (NHPC) marked a

Update of Figuring out (MoU) with the Counterfeit Appendages Assembling Partnership of

India (ALIMCO) working under the Division of Strengthening of People with Disabilities, Ministry of Civil Rights and Empowerment(MSJE) to give help and assistive gadgets to 1000 Divyangjans (People with Handicaps) in nearness to NHPC projects in states in the north and northeast.

 

The MoU was endorsed under the Corporate Social Obligation (CSR) drive of the NHPC

at the NHPC Corporate Office, Faridabad, Haryana.

 

The arrangement was endorsed by the NHPC Representative Senior supervisor (HR), CSR and SD, NHPC, and what’s more, the Head Supervisor Advertising, ALIMCO.

Banking and Finance

1. RBI approves Amalgamation of Navanirman Co-op Urban Bank with Rajadhani Coop Urban Bank 

The Reserve Bank of India (RBI) authorized the Plan of Combination of The

Navanirman Co-employable Metropolitan Bank Ltd., Hyderabad, Telangana with Rajadhani Coop. Metropolitan Bank Ltd., Hyderabad, Telangana. The Plan of Mixture is with impact

from August third, 2023.

 

The Navanirman Co-employable Metropolitan Bank Ltd branch (Hyderabad, Telangana) will work as a part of the Rajadhani Center. Metropolitan Bank Ltd (Hyderabad, Telangana) with impact from August 03, 2023.

 

The Plan has been endorsed in the activity of the powers given under SubSection (4) of Segment 44A read with Area 56 of the Financial Guideline Act, 1949.

 

Central issues:

 

Banking Guideline Act, 1949 a Demonstration that gives a system for managing the banks of

India.

 

The Act was initially passed as the Financial Organizations Act 1949 and came into force on the sixteenth Walk 1949.

 

This Act empowers RBI to control the banks in India. It didn’t make a difference to Jammu and Kashmir until 1956.

 

The Banking Guideline (Revision) Statute, 2020 was declared on June 26,

2020. The Mandate looks to revise the Financial Guideline Act, of 1949.

2. Axis Bank Partners With Kiwi to Bolster ‘Credit on UPI’ on RuPay Credit Cards

On the second of August 2023, Hub Bank, India’s third-biggest confidential area bank in a joint effort with the Public Installment Organization of India (NPCI), banded together interestingly with Kiwi, the progressive credit on Bound Together Installment Point of Interaction (UPI) stage to send off the Hub KWIK virtual Visa that offers charge card prizes alongside the accommodation of UPI’s quick also, secure instalment for consistent on the web and disconnected exchanges.

 

This usefulness empowers clients to lead dealer instalments inside the Kiwi application

using their Mastercard through UPI, coming about in a virtualized instalment experience that

disposes of the need for actual cards.

 

The organization offers a total “Credit on UPI” stage on the RuPay organization.

Pivot KWIK virtual charge card. The virtual charge card broadens the benefit of getting two edge awards for each Rs. 200 spent.

 

The Clients are qualified for a 1% cashback on output and pay exchanges (while using the

Visa on UPI), alongside the advantage of having the standard 1% fuel overcharge at petroleum siphons postponed for card instalments.

 

Reserve Bank of India(RBI’s) proposition:

 

In the period of June 2023, Hold Bank of India (RBI) declared a huge proposition

to connect Mastercards with UPI stages, with an underlying spotlight on Rupay cards.

 

The combination of UPI with Mastercards might actually touch off a huge flood in Mastercard

use in India.

3. SIDBI collaborates with IIM Ahmedabad’s CIIE.CO to Establish Accelerator Fund

The Small Industries Development of India (SIDBI), banded together with the Middle for

Development, Brooding and Business venture (CIIE.CO), Indian Organizations of The Board

(IIM) Ahmedabad, Gujarat (IIM-A’s) startup hatchery and financial backer, to set up a SIDBI

Gas pedal Asset, at IIMA’s CIIE.CO.

 

The goal of laying out the Gas pedal Asset is to offer help and expand the seed

venture to beginning phase endeavours, particularly for profound advancements in new businesses in India.

 

The association was formalized during an occasion at CIIE.CO, situated in IIMA’s new grounds in Gujarat.

 

This coordinated effort is a piece of SIDBI’s “India of Tomorrow” drive, which means to

reinforce India’s formative and subsidizing environment for the beginning phase of new businesses.

 

Small Industries Development Bank of India (SIDBI) has taken part as an anchor

financial backer in the Promising Loan specialists Asset (PLF) overseen by Vivriti Resource The board Private Restricted (VAM), a piece of Chennai (Tamil Nadu)- based Vivriti Gathering, with a total target corpus of Rs. 700 crores in two tranches.

Economy and Business

1. Karnataka Govt & IBC Signed MoU To Set Up Recyclable Lithium-Ion Battery Unit

 

On the first of August 2023, the Karnataka government and the US (US)- based

Worldwide Battery Organization (IBC) marked a Notice of Figuring Out (MoU) to set

up a recyclable Lithium-particle battery fabricating unit with speculation of Rs 8,000 crores

(USD 1 Billion) in Karnataka.

 

The MoU was marked and traded by Venkatesh Valluri IBC President, IBC India Pvt.

Ltd., and Dr Selvakumar, Head Secretary for the Division of Trade and

Businesses.

 

This will be the second Lithium-particle fabricating office in Karnataka. it is normal to be

laid out on a 100-section of land at the Data Innovation Venture District (ITIR) at

Devanahalli in the Bengaluru Country locale.

Science and Technology

1. SpaceX Falcon 9 launches Intelsat’s G-37/H-4 Telecommunications satellite to Geostationary Orbit 

On third of August 2023, Space Investigation Innovations Partnership (SpaceX) sent off the

Intelsat System 37/Skylines 4 (G-37/H-4), satellite to a Geosynchronous Exchange Circle

(GTO) to give progressed TV broadcasting administrations over North America. The satellite

was sent off on board Hawk 9 rocket from Space Send off Complex 40 (SLC-40) at Cape

Canaveral Space Power Station in Florida, the US of America (USA).

 

The Satellite was made by Maxar Innovations Inc., a Space Innovation Organization

in the US.

 

It was the 52nd Orbital send-off for SpaceX in 2023 and the sixth send-off for this specific

Hawk 9 first-stage sponsor, which landed effectively on the ‘Fair Perused the Directions’

drone transport positioned in the Atlantic Sea.

 

Note: It recently sent off SpaceX’s Team 5 space travellers, the US Space Power’s Worldwide Situating Framework (GPS)III-6 Satellite, Inmarsat I6-F2, Public Air Transportation and Space Organization (NASA’s) Business Resupply Administrations (CRS)- 28 mission to the Worldwide Space Station (ISS), and one Starlink mission.

 

Testing Stage:

 

The satellite’s underlying trying stage will happen over Hawaii (USA) at around 148

degrees west, after which it will reposition itself to 127 degrees west, arranging it west of

Seattle (USA).

 

The testing process expects to guarantee the unwavering quality and execution of the satellite before it enters administration, as most would consider to be normal to be toward the beginning of October 2023.

 

After around 3 weeks of testing and moves into a Geostationary circle at around 35,500

kilometres over the equator.

 

Central issues:

 

The payload inside the rocket is the G-37/(H-4) correspondences satellite that will be mutually worked by Intelsat and JSAT Worldwide.

 

Note: Intelsat, S.A., is a main supplier of correspondence satellite administrations in the USA. JSAT Worldwide Inc., an entirely possessed US auxiliary of SKY Wonderful JSAT Company, is the biggest Japanese satellite administrator with in excess of 17 satellites.

 

The G-37/(H-4), bound for GTO is important for Intelsat’s “thorough World Armada to revive

plan”, to support the C-band and Ku-band frequencies, separately.

 

The G-37/(H-4) satellite, weighing 5 metric tons, is furnished with 4 deployable receiving wire reflectors for C-band and Ku-band transmissions.

 

The G-37 C-band payload will give North America the ability to TV media and

media transmission network clients.

 

The H-4 Ku-band payload will give congruity to our versatility, organization, and US government clients and is together claimed by Intelsat and JSAT Worldwide.

 

It likewise opens up the way of wireless transmissions for 5G remote correspondence administration.

 

The Hawk 9 upper stage set the G-37 Satellite into a super synchronous move,

moderating the satellite’s installed fuel which will be utilized to circularize and bring down the circle.

 

The second stage depleted its leftover fuel supplies to arrive at the ideal

circle prior to delivering the satellite around 32 minutes after send-off.

 

Note: The Satellite is projected to stay functional for somewhere around 18 years.