Current Affairs for BANK, IBPS Exams - 28 August 2022

Bank Exam Current Affairs

Current Affairs for BANK, IBPS Exams - 28 August 2022


Karnataka govt draws flak over claim about Savarkar in Kannada school textbook

  • Karnataka’s BharatiyaJan ata Party (BJP) government has drawn flak over a claim in a Kannada school textbook that Hindu tvai dealogue Vinayak Damodar Savarkar would fly out of prison on the wings of a bird.
  • “The misinformation & distortion of historical facts that is playing out in the regional channels in Karnataka to make #Savarkar look like a hero is absolutely absurd. Anything for TRPs? tweeted Congress lawmaker Priyank Kharge.
  • Eminent writers, literary figures, and activists have accused the state government of trying to “saffronise” school textbooks by removing contributions of writers from Dalit and backward classes and replacing them with those by Brahmins and ideologues of the Rashtriya Swayamsevak Sangh (RSS), the ideological fountainhead of the BJP.
  • “There was not even a keyhole in the room where Savarkar was imprisoned. But Bulbul from somewhere would visit the room on whose wings Savarkar would sit and fly out and visit the motherland every day,” says the Kannada textbook.

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Indonesia: Magnitude 5.8 earthquake strikes near Pariaman

  • An earthquake of magnitude 5.8 struck West Sumatra near Pariaman, Indonesia the United States Geological Survey (USGS) said.
  • An undersea earthquake of magnitude 7.6 had struck Indonesia on December 14, 2021, and the country's meteorological department had issued a tsunami warning. Indonesian authorities had estimated the quake at magnitude 7.5, which struck its region of East Nusa Tenggara in the Flores Sea.
  • The country had also felt tremors of a 7.4 magnitude earthquake off the coast of Indonesia, triggering a tsunami and affecting around 1.5 million people on the island of Sulawesi on September 28, 2018. The catastrophe had killed over 2000 people and left around 2 lakh displaced, according to Unicef.
  • A devastating 9.1-magnitude tremor struck off the coast of Sumatra in 2004 and subsequently triggered a tsunami that killed 220,000 throughout the region, including about 170,000 in Indonesia. It is still widely regarded as one of the deadliest natural disasters in recorded history.
  • Indonesia experiences frequent quakes and volcanic eruptions due to its position on the Pacific “Ring of Fire”, an arc of intense seismic activity where tectonic plates collide that stretches from Japan through Southeast Asia and across the Pacific basin.


Rupee to remain under pressure despite RBI support, says Societe Generale

  • The Indian rupee is likely to struggle against the dollar as slowing global growth and the Federal Reserve's interest rate stance overshadows Reserve Bank of India's intervention, Societe General suggested in a note on Friday.
  • "The RBI is likely to intervene at key levels such as 80," Kunal Kundu, economist at Societe Generale, wrote in the note.
  • "However, we believe that such interventions would provide opportunities to buy on dips in the USD/INR, rather than establish sustained INR strength vs the USD,"
  • The rupee was trading at 79.88 per U.S. dollar on Friday, barely changed from the previous session.
  • The rupee has been hovering just above the 80 levels in recent sessions on the back of expectations that the RBI will sell dollars to prevent the currency from falling below its record low of 80.0650.
  • The return of foreign portfolio flows to equity has kept the rupee pegged to the near-80 level. Foreign inflows into Indian equities hit nearly $6 billion so far in August.
  • "We believe the global growth slowdown story could act as a headwind to positive equity inflow momentum," Kundu flagged.

India aiming at 50% non-fossil fuel energy by 2030: PM Modi in Gandhinagar

  • Prime Minister Narendra Modi on Sunday reassured the world that by 2030, 50 per cent of India's energy production will be met by non-fossil fuel, and by 2070 it plans 'Net Zero'.
  • The Prime Minister was addressing a public rally on the completion of 40 years of Japan's Suzuki Motor Corp. at Gandhi nagar in Gujarat on Sunday.
  • He said that a silent revolution is taking shape in India with rising demand for electric vehicles (EV). The state and Central governments have extended incentives and subsidies for the EV sector.
  • Remembering the first interaction with Suzuki's Chairman 13 years ago, Modi added, "When the Suzuki Chairman showed interest in setting up a plant in Gujarat, I was confident that with each passing year the company will come to know how much Gujarat is committed to development."
  • The Prime Minister said, "I wanted to create a mini-Japan in Gujarat, to some extent the Japanese have been provided experience back home. Now the state has many golf courses,Japanese restaurants and even locals have started learning Japanese. Even Japan has special love for Gujarat and as many as 125 Japanese companies are functioning in the state. It looks like mini-Japan."
  • Acknowledging Japan's 'Kaizen' management concept, Modi brought the Kaizen-related experiences and learning of Gujarat to PMO (Prime Minister's Office) and other Central government departments.


2022 US Open: When and where to watch, live telecast, live streaming

  • With the 2022 US Open set to take place from August 29 to September 11, tennis fans will be flocking to the Billie Jean King National Tennis Center at Flushing Meadows in New York for the Grand Slam event. All eyes will be on men's world no. 1 Daniil Medvedev and defending women's singles champion Emma Raducanu. In the previous final, Medvedev defeated Novak Djokovic 6-4 6-4 6-4.
  • Meanwhile, Raducanu beat first-time Slam finalist Laylah Fernandez 6-4 6-3. The tournament will also be without Novak Djokovic, due to his Covid-19 vaccination status. Djokovic was also not allowed to participate in this year’s Australian Open, although he did take part in the Wimbledon Championships and defeated Nick Kyrgios in the final.

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