Daily Current Affairs September 01

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs September 01. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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September 01| Daily Current Affairs 2022

Banking and Finance – Daily Current Affairs September 01

1. MTNL failed to pay Rs 35.15 crore interest to which of the following Bank?
A) State Bank of India
B) Bank of India
C) Union Bank of India
D) Indian Bank
E) Bank of Baroda
Answer: C) Union Bank of India

• Loss-making state-owned telecom firm MTNL has defaulted on an interest payment of Rs 35.15 crore to Union Bank of India, which was due to be paid in July.
• The company is reeling under a total debt of Rs 27,330 crore.
• The company shared a chart that shows it has defaulted Rs 35.15 crore interest payment on July 31, 2022.
• MTNL has a total outstanding loan of 5,849.71 crore to be paid to Union Bank of India (UBI).
• The loan was raised from Union Bank of India, Andhra Bank and Corporation Bank.

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Business and Economy – Daily Current Affairs September 01

2. How many lakh crore UPI transaction occur in August?
A) Rs 11.73 lakh crore
B) Rs 13.73 lakh crore
C) Rs 12.73 lakh crore
D) Rs 14.73 lakh crore
E) Rs 10.73 lakh crore
Answer: E) Rs 10.73 lakh crore

• Digital payment transactions value through UPI rose to Rs 10.73 lakh crore in August this year, up marginally from the previous month.
• In July 2022, the UPI-based digital transaction value stood at Rs 10.63 lakh crore.
• The value of UPI transactions during August this year relates to a total of 6.57 billion (657 crores) transactions, up from 6.28 billion (628 crores) in the preceding month, as per the data released by the National Payments Corporation of India (NPCI).
• In June, there were 5.86 billion transactions, valued at worth Rs 10.14 lakh crore.
• Of the other data sets on the NCPI framework, the instant transfer-based IMPS clocked transactions worth Rs 4.46 lakh crore in August, relating to a total of 46.69 crore transactions.
• In July, it stood at Rs 4.45 lakh crore in value terms through a total of 46.08 crore transactions.
• The NETC FASTAG for automatic toll deduction at toll plazas witnessed transactions worth Rs 4,245 crore in August, up from Rs 4,162 crore in the preceding month.

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3. How many lakh crore GST collected in August?
A) Rs 1.43 lakh crore
B) Rs 1.42 lakh crore
C) Rs 1.46 lakh crore
D) Rs 1.45 lakh crore
E) Rs 1.44 lakh crore
Answer: A) Rs 1.43 lakh crore

• GST collection rises 28 per cent to Rs 1.43 lakh crore in August: Finance Ministry.

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4. Economy likely to grow at how many percent in FY23?
A) 7-7.3%
B) 7-7.5%
C) 7-7.4%
D) 6.5-7%
E) 8-8.6%
Answer: B) 7-7.5%

• The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year.
• India registered a growth of 8.7 per cent in 2021-22.
• The RBI has projected a growth rate of 7.2 per cent for the current financial year.
• The real GDP further increased to Rs 36.85 lakh crore in Q1 of FY 2022-23, registering a year-on-year rise of 13.5 per cent and growth of 3.8 per cent over Q1 of FY 2019-20.

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5. FDI equity inflows dippedto how many percent during April-June to USD 16.59 billion?
A) 8%
B) 5%
C) 4%
D) 6%
E) 9%
Answer: D) 6%

• Foreign Direct Investment (FDI) equity inflows into India contracted by 6 per cent to USD 16.59 billion during the April-June quarter this fiscal, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
• The inflows had stood at USD 17.56 billion during the corresponding period of the previous year.
• The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at USD 22.34 billion during the first three months of the current fiscal year as against USD 22.52 billion in the year-ago period.
• Singapore emerged as the top investor during April-June period with USD 5.7 billion FDI.
• It was followed by Mauritius (USD 2.4 billion), UAE (USD 2.2 billion), USA (USD 1.5 billion), Netherland (USD one billion), and Japan (USD 851 million), the data showed.
• The computer software and hardware sector attracted the highest inflows of USD 3.5 billion during the three-month period of this fiscal.
• It was followed by services (USD 2.6 billion), trading (USD 2 billion), chemicals (USD 960 million), automobile industry (USD 691 million) and construction (infrastructure) activities (USD 680 million).

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6. Which of the following country remained fastest growing economy with 13.5% growth in Q1?
A) UK
B) India
C) Germany
D) Russia
E) USA
Answer: B) India

• India remains the world’s fastest-growing economy, with GDP expanding 13.5 per cent in the April-June quarter, the quickest pace in a year, but rising interest costs and the looming threat of recession in major world economies could slow the momentum in coming quarters.
• Gross domestic product (GDP) growth of 13.5 per cent year-on-year compares to a 20.1 per cent expansion a year back and 4.09 per cent growth in the previous three months to March.
• The growth, though lower than the Reserve Bank of India (RBI) estimate of 16.2 per cent, was fuelled by consumption and signalled a revival of domestic demand, particularly in the services sector.
• But the slowing growth of the manufacturing sector at 4.8 per cent is an area of worry.

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7. Who among the following slashed G-20 nations’ GDP growth to 2.5% from 3.1% in 2022?
A) Fitch Rating
B) World Bank
C) ICRA
D) Moody’s Investors Service
E) Equifax
Answer: D) Moody’s Investors Service

• Global credit rating agency Moody’s Investors Service reduced the 2022 real gross domestic product (GDP) growth forecast for G-20 countries to 2.5 per cent from 3.1 per cent made in May.
• Moody’s also cut the GDP growth forecast for the G-20 nations to 2.1 per cent from 2.9 per cent for the year 2023.

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Appointments – Daily Current Affairs September 01

8. Who among the following appointedas director general of AIR’s news services division?
A) Vasudha Mohan
B) Vasudha Rakesh
C) Vasudha Chandra
D) Vasudha Shekar
E) Vasudha Gupta
Answer: E) Vasudha Gupta

• Organisation: All India Radio
• Position: Director General
• Appointed: Vasudha Gupta (director general in the Press Information Bureau)
• Succeeded: N Venudhar Reddy

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Defence – Daily Current Affairs September 01

9. CCS cleared indigenous LCA ______ fighter aircraft project?
A) Mark 3
B) Mark 5
C) Mark 2
D) Mark 6
E) Mark 4
Answer: C) Mark 2

• In a major boost to indigenous fighter aircraft development initiatives, the Cabinet Committee on Security cleared the development of LCA Mark 2 fighter aircraft which would be a replacement for the Mirage 2000, Jaguar and MiG-29 combat aircraft in the Indian Air Force.
• LCA Mark 2 fighter aircraft development project has been cleared by the government.
• This would pave the way for designers to develop an advanced 17.5-tonne single-engine aircraft.
• Development of new aircraft is to be completed by 2027.

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International Affairs – Daily Current Affairs September 01

10. Which of the following country and India will set up a Joint Working Group on Education?
A) South Africa
B) Canada
C) Germany
D) Russia
E) USA
Answer: A) South Africa

• Union Education and Skill Development Minister Dharmendra Pradhan held a bilateral meeting in Bali with Dr Bonginkosi Emmanuel “Blade” NZIMANDE, South Africa’s Minister of Higher Education, Science Innovation.
• The Ministers had a fruitful discussion on strengthening the academic and skill development partnerships and bilateral education cooperation.

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National Affairs – Daily Current Affairs September 01

11. Nuakhai festival is celebrated in which of the following state?
A) Odisha
B) Madhya Pradesh
C) Gujarat
D) Assam
E) Rajasthan
Answer: A) Odisha

• Agrarian festival ‘Nuakhai’ was celebrated in Odisha, mostly in the western region of the state.
• ‘Nuakhai’ marks the first harvest of the Kharif season and the crop is offered as ‘prasad’ to God across western Odisha.
• ‘Nua’ means new and ‘khai’ is food.
• Farmers worship Mother Earth, expressing their gratitude for the crop, good rain and favourable weather conditions for farming.
• As per the tradition, all family members sit together and eat on the occasion, while people working outside visit their homes to celebrate the festival.
• Younger people seek the blessings of elders and eat food together on the occasion.

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12. PM Modi will inaugurate State Science and Technology Ministers’ conclave in which of the following state?
A) Odisha
B) Madhya Pradesh
C) Gujarat
D) Assam
E) Rajasthan
Answer: C) Gujarat

• Prime Minister Narendra Modi will inaugurate the two-day Science Conclave of the Science and Technology (S&T) ministers from all the States and Union Territories (UTs) at Science City in Ahmedabad on September 10.

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13. Who among the following minister will launch ‘CAPF eAwas’ portal?
A) Women and Child Development Minister
B) Home Minister
C) Coal Minister
D) Agriculture Minister
E) Finance Minister
Answer: B) Home Minister

• Union Home Minister Amit Shah will launch the “CAPF eAwas” web-portal.
• CAPF eAwas portal, which has been developed on the lines of the online allotment system of ‘General Pool Residential Accommodation (eSampada)’, will facilitate maintenance of an accurate inventory of ‘Residential Quarters/Separated Family Accommodation (SFA)’ held by CAPFs, as well as their allotment through the online process to eligible Force personnel.
• The portal also has the provision for intimation to the applicant through SMS and e-mail at various stages of the allotment process.
• The portal would also facilitate planning for the construction of new quarters based on demand-gap analysis.
• The portal has a provision that if a house of any particular Force is not allotted for any reason for a period of four months, then any Central Armed Police Force personnel can apply for the same vacant house online.

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14. Which ministry released Rs 4,189 crore as rural local bodies grant to 5 states?
A) Women and Child Development Ministry
B) Home Ministry
C) Coal Ministry
D) Agriculture Ministry
E) Finance Ministry
Answer: E) Finance Ministry

• The Finance Ministry has released Rs 4,189 crore to five states for providing grants to the rural local bodies.
• The Department of Expenditure (has) released an amount of Rs 4,189.58 crore to Karnataka (Rs 628.07 crore), Tripura (Rs 44.10 crore), Uttar Pradesh (Rs 2,239.80 crore), Andhra Pradesh (Rs 569.01 crore) and Gujarat (Rs 708.60 crore) for providing grants to the Rural Local Bodies.
• This grant is based on the recommendations of the 15th Finance Commission and are released to the states as per the advice of the Department of Drinking Water & Sanitation for making improvements in two services — sanitation and maintenance of Open-Defecation Free (ODF) status and supply of drinking water, rain water harvesting and water recycling.

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15. Which ministry targeted to increase coal production to 1. 23 billion tonnes by 2024-25?
A) Women and Child Development Ministry
B) Home Ministry
C) Coal Ministry
D) Agriculture Ministry
E) Finance Ministry
Answer: C) Coal Ministry

• The Ministry of Coal is in the process of enhancing coal production to an ambitious target of 1.23 billion tonnes by FY 2024-25 (including CIL & Non-CIL coal blocks) to ensure the energy security of the country.
• CCL has a projected production contribution of about 135 million tonnes by FY25, out of which about 85 MT is likely to be produced from North Karanpura Coalfield from several Greenfield/brownfield coal mining projects, like Amrapali (25 MT), Magadh (51 MT), Chandragupta (15 MT), Sanghmitra (20 MT, etc.
• Presently, coal evacuation from the North Karanapura coalfield is covered by Barkakana-Daltonganj branch railway line of the East Central Railway connecting Gomoh and Dehri-on-Son via Barkakana loop.
• The additional railway line has been created by CCL, i.e. Tori – Shivpur (44.37km) double railway line.
• The development of the third line on the same alignment is under construction at an additional capital of Rs 894 crore, which is likely to be operationalised by May 2023.
• Further, Shivpur-Kathautia, new rail line of 49 km, has been envisaged and is being constructed through formation of project specific SPV, which shall provide another exit for coal evacuation via Koderma to the trunk railway line from Howrah to Delhi.
• Construction of Tori-Shivpur-Kathautia Rail line envisaged by the Ministry of Coal under PM – GatiShakati initiative is likely to provide coal evacuation capacity of about 125 MT by rail and play major role in eliminating coal transportation by road.

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16. Havells will invest Rs 130 crore at ______ unit to expand washing machine production capacity?
A) Odisha
B) Madhya Pradesh
C) Gujarat
D) Assam
E) Rajasthan
Answer: E) Rajasthan

• Electrical goods and appliance maker Havells is planning to expand washing machine production capacity at its Rajasthan’s Ghiloth plant, where it will invest Rs 130 crore.
• The Ghiloth plant already has the capacity to roll out 3 lakh units per annum and the company plans to add an additional capacity of 3.8 lakh units per annum.

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17. Who among the following Minister chaired a virtual meeting with Agriculture Ministers of States regarding PM-Kisan scheme?
A) Women and Child Development Minister
B) Home Minister
C) Coal Minister
D) Agriculture Minister
E) Finance Minister
Answer: D) Agriculture Minister

• More than two lakh crore rupees have been transferred to about 11 crore 37 lakh eligible farmers so far under the PM-KISAN scheme.
• Under the scheme, eligible farmers are given six thousand rupees in three equal installments, so that they can meet the agricultural and allied expenses along with their domestic needs.
• Since its launch in February 2019, eleven installments have been disbursed so far to farmers.
• Agriculture Minister Narendra Singh Tomar chaired a virtual meeting with the Agriculture Ministers of the States regarding the PM-Kisan scheme.
• He said that no eligible farmer should be deprived of the benefits of this scheme.
• MrTomar also asked the States to complete the work of data verification and updation at the earliest.

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18. Which Ministry will celebrate PoshanMaah throughout the country?
A) Women and Child Development Ministry
B) Home Ministry
C) Coal Ministry
D) Agriculture Ministry
E) Finance Ministry
Answer: A) Women and Child Development Ministry

• Ministry of Women and Child Development is celebrating the 5th Rashtriya Poshan Maah 2022 across the nation from today to 30th September.
• This year, the objective of the PoshanMaah is to trigger PoshanMaah through Gram Panchayats as Poshan Panchayats with key focus on “Mahila aur Swasthya” and “Bacha aur Shiksha”.
• RashtriyaPoshanMaah serves as a platform to bring focus to the discourse of nutrition and good health.
• In the 5th RashtriyaPoshanMaah the aim is to convert Jan Andolan into Jan Bhagidarito fulfill the Prime Minister’s vision of a Suposhit Bharat.
• Our correspondent reports that the Prime Minister’s Overarching Scheme for Holistic Nutrition- POSHAN Abhiyaan is Government of India’s flagship programme to improve nutritional outcomes for children under six years of age,adolescent Girls, pregnant women and lactating mothers.
• Prime Minister Narendra Modi had launched the programme from Jhunjhunu in Rajasthan on 8 March, 2018.
• Focusing on the aims of POSHAN Abhiyaan, the government has launched Mission Poshan 2.0 as an integrated nutrition support program.

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