28th August 2022 Current Affairs

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28th August 2022 Current Affairs is provided below:

1. Books & Authors:

“India’s Economy from Nehru to Modi: A Brief History”
Authored by Pulapre Balakrishnan

2. India’s first Earthquake Memorial:

Named “Smruti Van”
Placed at Bhuj, Gujarat.
Smruti Van is a unique memorial carrying the names of more than 12 thousand people who lost their lives in the devastating earthquake that struck Bhuj in January 2001.

3. SEBI Whole-time Member:

Professor Ananth Narayan Gopalakrishnan has been appointed a whole-time member of SEBI.
About SEBI:
Securities and Exchange Board of India
Founded on 12 April 1992
Q – Mumbai
Chairperson – Madhabi Puri Buch

4. 8th India International MSME Start-up Expo and Summit 2022:

Launched by Lieutenant Governor Manoj Sinha in New Delhi.
The Summit 2022 gives SMEs, startups, businesses, industries, and service providers a much-needed platform to discover new prospects, connect with buyers and sellers, and exchange information about federal, state, and local programmes, among other things.
In actuality, standardisation, connectivity, and productivity are the three key elements for the long-term expansion of MSMEs.
Vocal for Local, District Export Hubs, GeM portal, and market connectivity of domestic & global value chains are all the outcomes of the government’s efforts to guarantee that MSMEs contribute to realising the vision of Atma Nirbhar Bharat.

5. PM Jan Dhan Yojana completes 8 years :

It is a Financial inclusion program
Launched on 28th August 2014
In eight years it has touched the mark of 462.5 million account holders.
As of 10th August 2022, the deposits in these accounts are to be approximately 1.73 trillion.
Financial Inclusion stands for the delivery of appropriate financial services at an affordable cost, on a timely basis to vulnerable groups such as low-income groups and weaker sections who lack access to even the most basic banking services.

About PMJDY:

Objectives:

- Ensure access to financial products & services at an affordable cost
- Use of technology to lower cost & widen reach

Basic tenets of the scheme:

- Banking the unbanked – Opening of basic savings bank deposit (BSBD) account with minimal paperwork, relaxed KYC, e-KYC, account opening in camp mode, zero balance & zero charges
- Securing the unsecured – Issuance of Indigenous Debit cards for cash withdrawals & payments at merchant locations, with free accident insurance coverage of Rs. 2 lakh
- Funding the unfunded – Other financial products like micro-insurance, overdraft for consumption, micro-pension & micro-credit.

The scheme was launched based upon the following 6 pillars:

- Universal access to banking services.
- Basic savings bank accounts with an overdraft facility of Rs. 10,000/- to every eligible adult.
- Financial Literacy Programme– Promoting savings, use of ATMs, getting ready for credit, availing insurance and pensions, and using basic mobile phones for banking.
- Creation of Credit Guarantee Fund – To provide banks with some guarantee against defaults.
- Insurance – Accident cover up to Rs. 1,00,000 and life cover of 30,000 on an account opened between 15 Aug 2014 to 31 January 2015.
- Pension scheme for the Unorganized sector.

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