11 August 2022 : Latest Current Affairs 11th August
Important Current Affairs 11th August 2022
In this article, we will discuss all the Current Affairs of 11th August about national, international, banking, finance, sports, awards, and many others. So if you are interested to know about the latest 11th August 2022 current affairs then read this article till the end.
Current Affairs of 11th August – National News
1. PM Modi dedicated Panipat’s second-generation ethanol plant.
◉ In Haryana’s Panipat, the second generation (2G) ethanol plant has been officially opened by the prime minister.
◉ The Indian Oil Corporation Limited is said to have spent around Rs 900 crore on its construction.
◉ The 2G Ethanol Plant in Panipat will aid in increasing the nation’s production and use of biofuels and aid in lowering pollution in Delhi and Haryana.
◉ Each year, it will produce about 3 crore liters of ethanol.
International News
2. Iran’s satellite was successfully launched into orbit by Russia.
◉ From southern Kazakhstan, Russia has launched an Iranian satellite into orbit.
◉ A Soyuz rocket launched from the Baikonur launch site in Kazakhstan, which Russia has leased, placed an Iranian satellite with the name of Khayyam into orbit.
◉ Omar Khayyam, a Persian scientist who lived in the 11th and 12th centuries, inspired the name of the satellite.
Banking
3. Piramal Finance and Paytm collaborated to provide loans.
◉ The parent company of the digital payment company Paytm, One 97 Communications, has teamed up with Piramal Capital and Housing Finance to further expand its merchant lending business to India’s small towns and villages.
◉ With this, businesses can get loans up to Rs 10 lakh with a 6–24 month term.
◉ As a result of this cooperation, Paytm’s loan distribution business will grow thanks to Piramal Finance’s extensive network of over 300 branches in India. By giving small firms and shops access to finance, it will also promote financial inclusion.
4. SBI adopted a policy to support lab-grown diamond manufacturers.
◉ The State Bank of India (SBI) is the first lender in India to establish a policy to support producers of lab-grown diamonds that resemble real stones.
◉ Standard prudential procedures including treating non-fund restrictions in part with funded limits are included in the bank’s operational guidelines for funding man-made diamond residences.
◉ Diamonds made in a lab are exact duplicates of real stones.
5. LetsVenture and IDFC FIRST Bank collaborate to support startups.
◉ LetsVenture Technologies and IDFC FIRST Bank have teamed up to explore synergies and help the startup ecosystem by providing startups, founders, and investors with customized goods and solutions.
◉ Under its FIRST WINGS initiative, which is focused on sustaining the startup environment, IDFC ◉ FIRST Bank provides start-ups with tailored solutions.
With this, all startups on LetsVenture’s Scalix will prefer IDFC FIRST Bank as their lender.
6. The RBI revoked Rupee Co-operative Bank’s license.
◉ Rupee Co-operative Bank Ltd.’s license has been revoked by the RBI; the cancellation will take effect in six weeks (September 22, 2022).
◉ Reason: The bank is unable to fully reimburse its current depositors (Capital inadequacy).
◉ The Banking Regulation Act of 1949’s Sections 11(1) and 22(3)(d) are not followed, and neither is Section 56.
Appointment
7. Papua New Guinea’s James Marape is sworn in as prime minister.
◉ James Marape has won a second term as prime minister of Papua New Guinea.
◉ Multiparty coalitions have governed Papua New Guinea.
◉ In May 2019, he joined the PANGU Pati and declared himself its leader.
Book and Author
8. A new book titled “Field Guide, Birds of India” was released by ZSI.
◉ A book titled “Field Guide, Birds of India” was released by the Zoological Survey of India (ZSI).
the most recent book on more than 1,000 bird species.
◉ There are 1,331 different species of birds covered.
◉ It emphasizes high-quality bird photographs as opposed to prior books that primarily employed illustrations.
Important day
9. August 10th is World Lion Day.
◉ The global celebration of World Lion Day is on August 10.
◉ Spreading knowledge about lions and the pressing need to work toward their conservation is the goal.
◉ Throughout the world, lions are silently at risk of going extinct. Three million years ago, lions are thought to have roamed amicably through Africa, Asia, Europe, and the Middle East.
◉ The global lion population has dropped by around 95% over the past five decades, making it necessary to work toward its conservation, which is what World Lion Day emphasizes.
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