Daily Current Affairs September 10&11

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 10&11. 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 10&11| Daily Current Affairs 2022

Sports – Daily Current Affairs September 10& 11

1. FelipeDrugovich won Formula Two title he belongs to which of the following country?
A) Brazil
B) Denmark
C) Belgium
D) Austria
E) Mexico
Answer: A) Brazil

• Brazilian Felipe Drugovich won the Formula Two championship at Italy’s Monza circuit but his chances of moving up to Formula One next season remain remote.
• The 22-year-old MP Motorsport driver clinched the title mathematically with three races to spare, despite retiring from the sprint race won by Estonian Juri Vips and having to watch from the pit wall.
• There is no Brazilian driver in Formula One and Drugovich is the first to win the sport’s main feeder series since Bruno Junquiera was F3000 champion in 2000.
• Junquiera did not race in Formula One and Drugovich, in his third year in what is seen as a generally weak F2 field, has attracted little interest from grand prix teams — many of whom also have their own young driver programmes.

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2. Which of the following state launched FIFA U-17 Women’s World Cup India 2022 host city logo?
A) Maharashtra
B) Madhya Pradesh
C) Uttar Pradesh
D) Uttarakhand
E) Odisha
Answer: E) Odisha

• The Chief Minister of Odisha, Naveen Patnaik, launched the official host city logo of the state for the upcoming FIFA U-17 Women’s World Cup India 2022, for which it is one of the three hosts.
• The FIFA U-17 Women’s World Cup India 2022, scheduled to be held between October 11 and October 30 across Odisha, Goa and Maharashtra, will be the first FIFA women’s competition to be held in India and the first FIFA competition to be hosted by the state of Odisha.

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Banking and Finance – Daily Current Affairs September 10& 11

3. Bank credit growth hits near nine-year high of how many percent?
A) 15.2%
B) 15.4%
C) 15.6%
D) 15.5%
E) 15.3%
Answer: D) 15.5%

• Credit growth of commercial banks is at a near nine-year high of 15.5 per cent year-on-year for the week ended August 26, latest data released by the Reserve Bank of India showed.
• The credit growth is the highest since November 1, 2013, when it was 16.1 per cent.
• In the current financial year so far, banks have extended Rs 5.66 trillion by way of loans, representing a growth of 4.8 per cent as compared to -0.5 per cent during the same period last year.

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4. Who among the following will prepare a “white list” of legal digital lending apps to be permitted in app store?
A) Finance Ministry
B) RBI
C) SEBI
D) DICGC
E) NPCI
Answer: B) RBI

• Noting concerns on increasing instances of money laundering, tax evasion and criminal intimidation by illegal loan apps, especially against low-income persons, the government has asked the Reserve Bank of India (RBI) to prepare a “white list” of legal digital lending apps to be permitted in app stores.
• The RBI will also monitor money laundering through mule/rented accounts, take proactive action in cancelling dormant non-banking financial company (NBFC) licences and remove unregistered payment aggregators within a timeframe.
• The decision was taken in a meeting chaired by Finance Minister Nirmala Sitharaman, which discussed various issues related to illegal loan apps.
• There have been rising instances of fraud by digital lending apps, which are not registered with the central bank and operate on their own.

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Business and Economy – Daily Current Affairs September 10& 11

5. Direct tax collection increased by how many percent?
A) 34.65%
B) 36.45%
C) 34.56%
D) 35.64%
E) 35.46%
Answer: E) 35.46%

• The gross direct tax collection increased by 35.46% on year-on-year basis to Rs 6.48 lakh crore till September 8 in the financial year 2022-23, provisional figures from finance ministry.
• The direct tax collection, net of refunds, stood at Rs 5.29 lakh crore, 30.17 % higher than the net collections for corresponding period of last year.
• This is 37.24% of the total Budget Estimates of direct taxes.
• Refunds of Rs 1.19 lakh crore have been issued during April 1, 2022, to September 8, 2022, which are 65.29% higher than refunds issued during the same period in the preceding year.
• The growth rate for corporate income tax (CIT) and personal income tax (PIT) in terms of gross revenue collections stood at 25.95% and 44.37% (including security transaction tax), respectively.
• After refunds, net growth in CIT collections is 32.73% and that of PIT collections (including STT) is 28.32%.

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6. India’s merchandise exports will rise over how many percent to USD 114 billion in July-September: Report?
A) 15.6%
B) 11.4%
C) 12.9%
D) 14.7%
E) 13.8%
Answer: B) 11.4%

• India’s merchandise exports are expected to grow by 11.4 per cent to hit USD 114.4 billion during the July-September quarter of the current financial year, data from Exim Bank showed.
• However, the rise in exports during the second quarter of FY23 could be shadowed by softening global commodity prices.
• Among others, possible slowdown in major trade partners, inflationary pressures and tight monetary policies around the world could also offset the exports gain, Export-Import Bank of India (Exim Bank) said in its quarterly data.
• Exim Bank releases the forecast during the first weeks of June, September, December and March for the corresponding quarters.

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Acquisitions and Mergers – Daily Current Affairs September 10& 11

7. RIL arm will buy polyester business of Shubhalakshmi Polyesters for how many crores?
A) Rs 1552 crores
B) Rs 1225 crores
C) Rs 1522 crores
D) Rs 1255 crores
E) Rs 1252 crores
Answer: C) Rs 1522 crores

• Reliance Petroleum Retail Limited (under name change to ‘Reliance Polyester Limited‘), a wholly owned subsidiary of Reliance Industries Limited (RIL), executed definitive documents to acquire polyester business of Shubhalakshmi Polyesters Limited for cash consideration of Rs 1,522 crore.
• The RIL arm will also buy polyester business of Shubhlaxmi Polytex Limited for Rs 70 crore.
• The aggregate value of the two acquisitions is Rs 1,592 crore by way of slump sale on a going concern basis, RIL said in a regulatory filing to the stock exchanges.
• The acquisitions are subject to the approval of the Competition Commission of India and the respective lenders of Shubhalakshmi Polyesters Limited (SPL) and SPTex (Shubhlaxmi Polytex Limited).
• SPL has a continuous polymerisation capacity of 2,52,000 MT/Annum and manufactures polyester fibre, yarns and textile grade chips through direct polymerisation route as well as extruder spinning with value addition through texturising.
• It has two manufacturing facilities situated at Dahej (Gujarat) and Silvassa (Dadra and Nagar Haveli).
• SPTex has a texturised yarn manufacturing facility at Dahej.

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Appointments – Daily Current Affairs September 10& 11

8. Who among the following became Britain’s new monarch?
A) King Charles III
B) King Charles IV
C) King Charles I
D) King Charles V
E) King Charles II
Answer: A) King Charles III

• Country: Britain
• Position: Monarch
• Appointed: King Charles III
• Succeeded: Queen Elizabeth II

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9. Who among the following appointed as Director General of ISMA?
A) Sanjay Mohonty
B) Sanjoy Mohonty
C) Abinash Sharma
D) Sonjoy Mohonty
E) Abinash Verma
Answer: D) Sonjoy Mohonty

• Organization: Indian Sugar Mills Association (ISMA)
• Position: Director General
• Appointed: Sonjoy Mohonty
• Succeeded: Abinash Verma

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10. Who among the following appointed aschairman of Indian refiner Nayara Energy?
A) Sanjay Mohonty
B) Sanjoy Mohonty
C) Prasad K Panicker
D) Sonjoy Mohonty
E) Abinash Verma
Answer: C) Prasad K Panicker

• Organization: Nayara Energy
• Position: Chairman
• Appointed: Prasad K Panicker
• Succeeded: Charles Anthony

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Defence – Daily Current Affairs September 10& 11

11. Who among the following collaborated with Indian Army for CSR project in Kargil?
A) ONGC
B) HPCL
C) Nayara Energy Limited
D) IOC
E) RIL
Answer: B) HPCL

• Hindustan Petroleum Corporation Ltd (HPCL) has collaborated with the Indian Army for implementing a CSR project to coach and mentor less-privileged girl students in Kargil.
• The project — ‘Kargil Ignited Minds‘ — aims to prepare 50 girl students for various national-level engineering and medical entrance examinations.
• It will focus on empowering the underprivileged girls with limited resources, residing in extreme weather conditions.
• The selection of students for this project is through a rigorous process involving screening, preliminary test and interviews.

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International Affairs – Daily Current Affairs September 10& 11

12. Denmark’s Margrethe II now longest-serving monarch in Europe, she became monarch in which year?
A) 1972
B) 1970
C) 1965
D) 1975
E) 1960
Answer: A) 1972

• After the death of the UK’s longest-serving monarch Queen Elizabeth II, Denmark’s Queen Margrethe II is now Europe’s longest-serving reigning monarch.
• The 82-year-old has been serving the throne in Denmark for 50 years.
• She became a monarch in 1972 at the age of 31 after the death of her father Frederik IX.

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13. How many percent of startups in US’ Silicon Valley managed by people of Indian origin: Sitharaman?
A) 40%
B) 35%
C) 25%
D) 70%
E) 50%
Answer: C) 25%

• A total of 380 students graduated during the tenth convocation of the Indian Institute of Information Technology Design and Manufacturing, Kancheepuram (IIITDM Kancheepuram).
• Union Finance Minister Nirmala Sitharaman was the chief guest at the event.
• Speaking on the occasion, Sitharaman underlined that India’s higher education has contributed to the best of company executives globally and around 25 per cent of all start-ups in Silicon Valley are managed by “people of Indian origin”.

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National Affairs – Daily Current Affairs September 10& 11

14. Trial of ____ Vande Bharat trainset completed?
A) 4th
B) 1st
C) 3rd
D) 5th
E) 2nd
Answer: C) 3rd

• The trial of the third Vande Bharat rake is complete and while a date is being worked out for its inaugural commercial run, the Railways will start its serial production from October.
• Production will be ramped up from a couple of trainsets a month to begin with to around eight a month, Railway Minister Ashwini Vaishnaw.
• The target is 75 Vande Bharat trainsets by August 15, 2023, as per announcement by Prime Minister Narendra Modi last year.

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15. National Maritime Heritage Complex will buildat which of the following state?
A) Maharashtra
B) Madhya Pradesh
C) Uttar Pradesh
D) Uttarakhand
E) Gujarat
Answer: E) Gujarat

• Ministry of Ports, Shipping and Waterways is building the National Maritime Heritage Complex at the historic Indus Valley civilisation region of Lothal in Gujarat with a total cost of three thousand five hundred crores rupees.
• A first-of-its-kind complex in the country, this centre will showcase India’s rich and diverse maritime heritage.
• The foundation stone for this project was laid by Prime Minister Narendra Modi.
• Ports, Shipping, and Waterways Minister Sarbananda Sonowal said that it is one of the major projects under Sagarmala scheme of the Ministry, which has an edutainment approach.
• He said, by using the latest technology maritime heritage will be projected in a user-friendly manner to spread awareness among people.
• The commissioning of Phase 1A of this project is targeted to be completed by March 2024.
• Government of Gujarat is playing vital role in this project.

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16. Which of the following state govt will launch mobile veterinary units to provide medical aid to livestock?
A) Maharashtra
B) Chhattisgarh
C) Uttar Pradesh
D) Uttarakhand
E) Gujarat
Answer: B) Chhattisgarh

• The Chhattisgarh government will launch a scheme for mobile veterinary units to provide medical aid to cattle on the lines of health clinics being run for citizens in urban and rural areas of the state.
• In the first stage of ‘Mukhyamantri Govansh Mobile Chikitsa Yojana‘, one or two mobile veterinary units with veterinarians will be provided in each district.
• The service will be expanded in a phase-wise manner.
• The state government has been running ‘Mukhyamantri Slum Swasthya Yojana‘ in urban areas and ‘Mukhyamantri Haat-Bazaar Clinic Yojna‘ in rural areas to ensure that all citizens, including those living in remote and inaccessible areas, have access to affordable and quality healthcare facilities through mobile medical units.
• On the same lines, it has now been decided to launch mobile veterinary units to provide quality medical facilities to cattle as a part of measures towards welfare and protection of livestock.
• Healthcare services for livestock are being provided at government-run veterinary hospitals and ‘gauthans’ established under the Suraji Gaon Yojana.

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17. Two days National Defense MSME Conclave and Exhibition begin in which of the following state?
A) Maharashtra
B) Madhya Pradesh
C) Uttar Pradesh
D) Rajasthan
E) Gujarat
Answer: D) Rajasthan

• The two-day National Defense MSME Conclave and Exhibition began in Kota, Rajasthan.
• Defense equipment including T-90 and BMP-2 tanks, artillery guns, various types of sniper and machine guns and military bridges are being displayed in the exhibition.
• Youth innovating in the defense sector, start-ups and MSMEs are also displaying their products.
• More than 50 companies, start-ups and MSMEs working in the defense sector are participating in the event
• The conclave will be formally inaugurated tomorrow by Lok Sabha Speaker Om Birla and Minister of State for Defense Ajay Bhatt.
• Senior officials of the Ministry of Defense, representatives of leading defense companies and defense experts are also participating in the program.
• The Drone Light Show and Live Concert will also be the highlight of the programme.
• Defense Conclave and Exhibition is being organized for the first time in Rajasthan.

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18. Which Anniversary of Pradhan Mantri Matsya Sampada Yojana (PMMSY) was celebrated?
A) 3rd
B) 5th
C) 1st
D) 4th
E) 2nd
Answer: E) 2nd

• 2nd Anniversary of Pradhan Mantri Matsya Sampada Yojana (PMMSY) celebrated.
• Union Minister Shri Parshottam Rupala launches Booklet on PMMSY achievements.
• Fisheries sector shows impressive growth of 14.3% from 2019-20 to 2021-22.
  Fish production reaches all-time high of 141.64 lakh tons during 2019-20 to 161.87 lakh tons during 2021-22.
• Fisheries sector sees all-time high exports of 13.64 lakh tonnes valuing Rs 57,587 crore dominated by exports of shrimps.
• PMMSY has supported 31.47 lakh farmers under insurance coverage from 22 state and 7 UTs.
• Kisan Credit Card (KCC) extended to Fishers, Fish Farmers, Self Help Groups (SHGs), Joint Liability Groups, Women Groups.
• PMMSY envisages generation of 68 lakh Employment by the end of 2024-25.

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Over All Review

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