- 1. ISRO launched India’s first virtual space museum ‘SPARK’.
- 2. A new zoonotic virus ‘Langya’ has infected 35 people in China.
- 3. Inaugural U-16 Khelo India Women's Hockey League will begin on August 16 in New Delhi.
- 4. Latvia and Estonia withdraw from the China and Central and Eastern European countries cooperation group.
- 5. NHIDCL and NSDC signed an MoU to collaborate on skill development initiatives.
- 6. International Youth Day 2022: 12 August
- 7. World Elephant Day 2022: 12 August
- 8. Union Home and Cooperation Minister Amit Shah inaugurated day long National Conference of Rural Cooperative Banks in New Delhi.
- 9. RBI has issued guidelines for digital lending.
- 10. Climate study: Arctic's environment is warming about four times faster than the rest of the area.
- 11. Ramadhar Singh becomes the first Indian social psychologist to get a place on the US Heritage Wall of Fame.
- 12. Indian Visa Application Centre (IVAC) in Bangladesh will be managed by SBI for two more years.
- 13. Government approved Corbevax as booster dose for adults.
- 14. Mexican President proposed Commission for World Peace, which would be headed by 3 leaders including PM Modi.
- 15. Chief Minister Y.S. Jagan Mohan Reddy released ₹694 crore under Vidya Deevena at Bapatla.
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Topic: Space and IT
1. ISRO launched India’s first virtual space museum ‘SPARK’.
- As part of Azadi ka Amrit Mahotsav, Chairman of ISRO S Somnath launched the space tech park for public use.
- This tech park comprises a museum, theatre, observatory cafeteria, and play arena.
- The 3D virtual space tech park will showcase digital content related to different ISRO missions in an interactive manner.
- The museum is divided into a satellite gallery and a launch vehicle gallery.
- The tech park also has a theatre that contains a curated list of videos related to the past, present, and future missions of the ISRO.
- Users can see the various documents, images, and videos related to ISRO launch vehicles, satellites, and scientific machines on this platform.
- SPARK also contains the ‘Space on Wheels’ initiative of ISRO, which has a mobile exhibition carrying models of launches, vehicles, and satellites.
Topic: Biotechnology and Diseases
2. A new zoonotic virus ‘Langya’ has infected 35 people in China.
- A new type of a Henipavirus named Langya Henipavirus or LayV has been detected in China.
- It can infect animals and humans. As of now, no licensed drugs or vaccines are available against this virus for humans.
- Langya is closely related to the Mojiang Henipavirus.
- Langya has been found in the Shandong and Henan provinces of China.
- Fever, cough, fatigue, and nausea are the main symptoms of Langya. It can also impact the liver and kidneys.
- The Langya virus has likely come from animals to humans. The RNA of the LayV virus is generally found in shrews.
- However, there is no clear information about human-to-human transmission.
3. Inaugural U-16 Khelo India Women's Hockey League will begin on August 16 in New Delhi.
- Between August 16 and August 23, the first Khelo India Women's Hockey League under-16 will be held at the Major Dhyanchand Stadium in New Delhi.
- There are 16 teams participating from all throughout the country.
- In Phase 1 of the league, 56 matches will be played and over 300 players will compete.
- A total of 53.72 lakh rupees, including 15.5 lakh rupees in prize money, have been allotted by the Sports Authority of India for three phases of the competition.
- The first and second phases of the Khelo India Women's Hockey League U-16 will be round-robin competitions.
- After the completion of the first two stages, the team's final ranking will be determined.
- During Phase 3, each team will participate in a minimum of three classification matches.
Topic: International News
4. Latvia and Estonia withdraw from the China and Central and Eastern European countries cooperation group.
- This action is a response to Western criticism of China's increasing military pressure on Taiwan.
- The relationship between Lithuania and China deteriorated after Lithuania let Taiwan open a de facto embassy at the end of last year.
- So, Lithuania also left the cooperation group in 2021.
- Latvia and Estonia both stated that they will continue to pursue constructive and pragmatic relations with China while maintaining the international order based on rules and human rights.
- It is a country in Northern Europe's Baltic region.
- It is bounded by Estonia to the north, Lithuania to the south, Russia to the east, Belarus to the southeast, and shares a maritime border with Sweden to the west.
- Its President is Egils Levits.
- Its currency is Euro. Its capital is Riga.
- It is a country in Northern Europe.
- It is surrounded by Finland to the north, the Gulf of Finland and the Baltic Sea to the west, Latvia to the south, and Lake Peipus and Russia to the east.
- Its capital is Tallinn. Its currency is Euro.
- Its President is Alar Karis. Its Prime Minister is Kaja Kallas.
Topic: MoUs/ Agreements
5. NHIDCL and NSDC signed an MoU to collaborate on skill development initiatives.
- National Highway and Infrastructure Development Corporation Limited (NHIDCL) and the National Skill Development Corporation (NSDC) signed an MoU on August 8.
- The MoU offers a formal basis for cooperation between NHIDCL and NSDC and will play a crucial role in achieving the goals and objectives of the Prime Minister's Skill Development Programme.
- This MOU's purpose is to set the platform for partnership between NHIDCL and NSDC in order to undertake several activities that will contribute to make India the world's skill capital.
- National Highways and Infrastructure Development Corporation Ltd (NHIDCL):
- It is a government-owned company of the Ministry of Road Transport & Highways.
- It is responsible for the management of a network of National Highways.
- Chanchal Kumar is the Managing Director of NHIDCL.
- National Skill Development Corporation (NSDC):
- It was founded in 2008.
- It is a not-for-profit public limited company.
- It was formed under Public Private Partnership (PPP) model. Government owns its 49% share capital and remaining 51% is owned by the private sector.
Topic: Important Days
6. International Youth Day 2022: 12 August
- Every year on August 12, International Youth Day is observed.
- It is celebrated to honor young people and their role in making the world a better place.
- However, this year has focused on the importance of the action of all generations to meet the Sustainable Development Goals (SDGs) rather than just focusing on the youth.
- The theme of International Youth Day 2022 is “Intergenerational Solidarity: Creating a World for All Ages.”
- The United Nations General Assembly declared International Youth Day on August 12 during the World Conference of Ministers on Youth Affairs in 1999.
- This day was first celebrated on 12 August 2000.
- Every year on the 12th of January, National Youth Day is celebrated in India.
Topic: Important Days
7. World Elephant Day 2022: 12 August
- Every year on August 12, World Elephant Day is observed.
- It is celebrated to recognize the importance of elephants in our ecosystem.
- The day also aims to raise awareness about the importance of the protection of elephants.
- Elephants are the largest land animals in the world.
- On August 12, 2012, the first World Elephant Day was celebrated by Thailand's Elephant Reintroduction Foundation and Canadian filmmakers Patricia Sims and Michael Clark.
- India accounts for about 60% of all Asian elephants.
- The number of elephant reserves has increased significantly in the last 8 years.
- The Red List of IUCN lists African elephants as vulnerable and Asian elephants as Endangered.
8. Union Home and Cooperation Minister Amit Shah inaugurated day long National Conference of Rural Cooperative Banks in New Delhi.
- The conference is organized by the Ministry of Cooperation and the National Federation of State Cooperative Banks (NAFSCOB).
- Mr Shah also presented Performance Awards to select State Cooperative Banks, District Central Cooperative Banks (DCCBs), or PACS.
- He also felicitated a few short-term cooperative credit institutions for 100 years of service.
- The short-term cooperative credit structure in India includes 34 State Cooperative Banks, 351 District Central Cooperative Banks, and 96,575 Primary Agricultural Cooperative credit societies (PACS).
- NAFSCOB was set up on 19th May 1964 to facilitate the operations of State and Central Cooperative Banks and the development of a short-term cooperative credit structure.
Topic: Banking System
9. RBI has issued guidelines for digital lending.
- As per RBI, digital loans must be credited directly to the bank accounts of borrowers and not through any third party.
- RBI also said that digital lending entities and not the borrowers should pay the fees or charges payable to Lending Service Providers (LSPs) in the credit intermediation process.
- RBI said the borrower must be provided a standardised Key Fact Statement (KFS) before executing the loan contract.
- It also said all-inclusive cost of digital loans in the form of Annual Percentage Rate (APR) is required to be disclosed to the borrowers.
- Banks and LSPs engaged by them must have a nodal grievance redressal officer to address digital lending-related complaints.
- New norms do not allow automatic increase in credit limit without the explicit consent of the borrower.
- RBI constituted a Working Group on ‘digital lending including lending through online platforms and mobile apps’ (WGDL) on January 13, 2021.
- RBI’s guidelines are applicable to RBI-regulated entities and lending service providers engaged by them to extend various permissible credit facilitation services.
- The regulator/ controlling authority of entities authorised to carry out digital lending but not regulated by RBI may consider formulating rules/regulations on digital lending based on the recommendations of WGDL.
Topic: Environment and Ecology
10. Climate study: Arctic's environment is warming about four times faster than the rest of the area.
- In the last 40 years, the Arctic region has warmed nearly four times faster than the rest of the planet.
- This rate of warming is much faster than the previous estimates by the United Nations' climate science panel in 2019.
- Earlier, it was estimated that the Artic region is warming more than double the global average due to a process known as Arctic amplification, or intense warming.
- Researchers from the Finnish Meteorological Institute found that the speed of the temperature rise around the North Pole is four times higher than the rest of the planet.
- According to researchers, the Barents Sea is warming up to seven times faster.
- The Greenland ice sheet is melting faster, which is increasing the sea level and also affecting atmospheric circulation in North America.
- This study has been published in the journal Communications Earth and Environment. It has analyzed the trends in the Arctic Circle between 1979 and 2021.
- Arctic region is a geographic region spreading around the North Pole.
(Source: News on AIR)
Topic: Personality in News
11. Ramadhar Singh becomes the first Indian social psychologist to get a place on the US Heritage Wall of Fame.
- Ramadhar Singh, a professor at the Amrut Mody School of Management, has been marked on the ‘Heritage Wall of Fame’ of the Society for Personality and Social Psychology (SPSP) in the United States.
- He is the only social psychologist from India to receive this honour.
- The Ohio State University, Columbus has nominated Ramadhar Singh for induction to the ‘Heritage Wall of Fame’.
- Nine social psychologists across China, India, Japan, Korea, Singapore, and the US have supported his nomination.
- Ramadhar Singh is a researcher in the field of psychology and management. He played a key role in making psychology a science in Asia.
Topic: National News
12. Indian Visa Application Centre (IVAC) in Bangladesh will be managed by SBI for two more years.
- SBI and the High Commission of India in Dhaka signed the agreement to extend the operation of the Indian Visa Application Centre (IVAC) for another two years.
- The agreement has been signed between SBI Bangladesh country head of operations Amit Kumar and Deputy High Commissioner of India to Bangladesh Dr. Binoy George.
- IVAC will also launch some additional services very soon including facilitation for online form filling and submission of forms, slot booking and launching of a mobile app.
- A priority lounge has been also inaugurated at the IVAC centre in Dhaka.
- At present, SBI is running 15 IVACs across Bangladesh. The IVAC centre at the Jamuna Future Park in Dhaka is the largest Indian visa application centre.
- SBI opened its first IVAC in Dhaka in 2005. The IVAC manages more than 5.5 thousand visa applications on daily basis.
(Source: News on AIR)
Topic: Biotechnology and Diseases
13. Government approved Corbevax as booster dose for adults.
- Government has announced that Corbevax will be available as a precaution dose for populations above 18 years vaccinated with Covaxin or Covishield.
- It will be available after the completion of six months or 26 weeks of the second dose.
- According to the protocol until now, the third dose had to be the same vaccine that was used for the first and second doses.
- Recently, DCGI granted emergency use approval to Corbevax for the 12-18 age group.
- The approval was based on the clinical trial data that shows significant enhancement in the immune system.
- Corbevax is India’s first indigenously developed Receptor Binding Domain (RBD) protein subunit vaccine for Covid-19.
- It has been developed by Hyderabad-based pharmaceutical company Biological E Ltd.
Topic: International News
14. Mexican President proposed Commission for World Peace, which would be headed by 3 leaders including PM Modi.
- Mexican President Andres Manuel Lopez Obrador has given a proposal to the UN to create a commission of three world leaders for five years.
- The commission will include Pope Francis, UN Secretary-General Antonio Guterres, and Indian PM Narendra Modi.
- The commission aims to stop wars across the world and reach an agreement to seek a truce for at least five years.
- The Mexican President has invited China, Russia, and the US to seek peace and to end warlike actions.
- As per the Obrador, the proposed truce will help in reaching an agreement in the case of Taiwan, Israel and Palestine.
(Source: News on AIR)
Topic: State News/ Andhra Pradesh
15. Chief Minister Y.S. Jagan Mohan Reddy released ₹694 crore under Vidya Deevena at Bapatla.
- Under the Jagananna Vidya Deevena scheme, Y.S. Jagan Mohan Reddy has released ₹694 crores into the accounts of the mothers of 11.02 lakh students belonging to BC, SC and ST communities.
- The government will pay a total ₹11,715 crore under the Vidya Deevena and Vasathi Deevena schemes.
- Under Jagan Anna Vidya Deevena Scheme, the government reimbursed fees for students pursuing higher education in junior, vocational, and professional colleges.
- Students belonging to Scheduled Castes, Scheduled Tribes, backward classes, minorities, Kapus, and economically backward classes are eligible for the scheme.
- Under Vasathi Deevena, the government provide ₹20,000 to students every year for their board and lodging expenses.
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