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Magnus Carlsen wins FTX Crypto Cup, R Praggnanandhaa impresses by securing second place

GM Magnus Carlsen (Norway) won the FTX Crypto Cup, the American finale of Champions Chess Tour, in Miami on despite losing his final match in a tiebreak to GM Praggnanandhaa R., who thereby secured second place in the tournament. GM Alireza Firouzja finished in third place.

Magnus won the event on the basis of a higher score.

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HDFC ERGO launches country’s first Electric Vehicles Ecosystem – 'All Things EV'

As a part of this initiative, the Company has unveiled a dedicated platform for existing and prospective EV ecosystem users – www.allthingsev.io, which hosts end-to-end information on this emerging sector; the platform caters to all Indians who have either purchased EVs or are planning to buy EV or to make an earning out of the booming EV space.

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HDFC ERGO is a 51:49 joint venture firm between HDFC and ERGO International AG.

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LIC sees 20 pc decline in death claims in Q1 FY23 as COVID impact ebbs

Insurance behemoth LIC witnessed a decline of nearly 20 per cent in death claims in the first quarter of this fiscal with the COVID impact seen to be ebbing, though the amount is still higher than pre-2020 levels.

In the June quarter of the previous fiscal, settlement of death claims was to the tune of Rs 7,111 crore, which for Q1 of this year was Rs 5,743 crore.

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LIC Chairman M R Kumar.

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Adidas CEO Kasper Rorsted to step down next year

Adidas CEO Kasper Rorsted will step down next year, the sports apparel maker, and the company has started looking for a successor.

Rorsted, who has been CEO since 2016, and its supervisory board "mutually agreed" that he will hand over during the course of 2023, the Herzogenaurach, Germany-based Adidas said.

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ADB to provide USD 96.3 mn loan to improve water supply, sanitation services in HP

The Asian Development Bank (ADB) and the Government of India signed a USD 96.3-million loan agreement to provide safe drinking water and improve water supply and sanitation services in the state of Himachal Pradesh.

ADB’s involvement in the project will provide water management best practices, strengthen institutional capacity, and guide tariff reform, said Takeo Konishi.

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Takeo Konishi, Country Director for ADB in India.

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India nominates GARBA to be inscribed on UNESCO's intangible cultural heritage list

India has nominated the dance form Garba to be inscribed on UNESCO's intangible cultural heritage list. UNESCO( United Nations Educational, Scientific and Cultural Organization) Director Eric Falt said that after the inclusion of 'Durga Puja' on the UNESCO intangible cultural heritage representative last year, India has now nominated 'Garba' for 2022.

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UNESCO Headquarters: Paris, France
Director General- Audrey Azoulay

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Union Govt launches Rashtriya Puruskar Portal to bring together all awards under one platform

The Government has launched Rashtriya Puruskar Portal to bring together all the awards of the various Ministries, Departments and agencies of the government under one platform. This has been done to ensure transparency and public partnership. Information regarding all national awards would be available to the public on a single digital platform like eligibility etc.

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International Day for the Remembrance of the Slave Trade and its Abolition | 23 August

The International Day for the Remembrance of the Slave Trade and its Abolition is an international day celebrated on August 23 of each year, the day designated by UNESCO to memorialize the transatlantic slave trade.

UNESCO Member States organize events every year on that date, inviting participation from young people, educators, artists and intellectuals.

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The theme for this year is 'Decolonisation.'

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India To Have Its 1st Observatory To Track Space Activity In Uttarakhand

India’s first commercial space situational awareness observatory, to track objects as small as 10 cm in size orbiting the earth, will be set up in the Garhwal region of Uttarakhand by Digantara, a space sector start-up.The space situational awareness observatory will help India track any activity in space including that of space debris and military satellites hovering India

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India notifies overseas investment rules and regulations to boost ease of doing business

The Foreign Exchange Management (Overseas Investment) Rules, 2022 will subsume extant regulations pertaining to Overseas Investments and Acquisition and Transfer of Immovable Property Outside India Regulations, 2015. The rules have been framed by the Government of India in consultation with the Reserve Bank.

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IREDA signs MoU with MAHAPREIT to provide loans for Green Energy projects

Indian Renewable Energy Development Agency Ltd. signed an MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. a wholly owned subsidiary of MPBCDC (49% owned by Govt.of India and 51% owned by Govt. of Maharashtra) In accordance with the MoU, IREDA will offer financing facilities to MAHAPREIT for the Renewable Energy projects to be implemented for state

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Greece exits EU's 'enhanced surveillance' framework

Greece has announced that it has exited the European Union's enhanced surveillance framework. Country's Prime Minister Kyriakos Mitsotakis made this announcement.The surveillance framework was intended to ensure the continued adoption of measures to tackle potential sources of economic difficulty and structural reforms to support sustainable economic growth.

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This allows the country greater freedom in policy making.
Capital- Athens
Currency- Euro

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Govt allows retrofitment of CNG and LPG kits in BS-VI compliant vehicles

The government has allowed retrofitment of CNG and LPG kits in petrol and diesel vehicles that are compliant with BS-VI emission norm. As of now, such modifications are permissible only in vehicles that are compliant with BS-IV emission norm. Notification allows CNG and LPG kit on BS (Bharat Stage)-VI gasoline vehicles and replacement of diesel engines with CNG/LPG engines

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Debasisa Mohanty appointed director of National Institute of Immunology

The Appointments Committee of the Cabinet has approved the appointment of Dr. Debasisa Mohanty to the post of Director, National Institute of Immunology, with effect from the date of assumption of charge of the post and up to the age of his superannuation.

Also, the ministry said Revenue Secretary Tarun Bajaj has been given additional charge as Corporate Affairs secretary.

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EAM S Jaishankar inaugurates Indian Embassy in Paraguay

External Affairs Minister S Jaishankar jointly inaugurated the new Indian Embassy in Paraguay with his counterpart Julio Cesar Arriola.

It is also the first Indian Foreign Minister to visit Paraguay, coinciding with the 60th anniversary of the establishment of diplomatic relations between the two countries.

Paraguay President: Mario Abdo Benitez;

Capital: Asuncion.

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Paraguay Currency: Paraguayan guaraní

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India signs MoU with Iran for maritime coop; eyes long term contract on Chabahar Port

India has signed a memorandum of understanding (MoU) with Iran on mutual recognition of seafarers’ code of conduct for unlimited voyages, expanding its maritime partnership with the West Asian country alongside recent moves to boost infrastructure in the strategically located Chabahar Port.

India is eyeing a trilateral maritime cooperation involving Iran and Oman.

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India Adds Over 7 GW of Solar in a Record First Half of 2022 | Mercom India Report

Solar capacity installations in the country rose by 59 per cent to record 7.2 GW during first half of 2022, according to Mercom India Research.In January-June or H1 of 2021, the country had added 4.5 GW solar capacity, the research firm's 'Q2 2022 India Solar Market Update'.

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MP's Mandla becomes country's first fully 'functionally literate' district

Madhya Pradesh's tribal-dominated Mandla region has become the first fully "functionally literate" district in the country. A person can be called functionally literate when he or she is able to write his or her own name, to count and read and write in Hindi. The literacy rate in the district was 68 per cent as per a survey in 2011.

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As per Census 2011,literacy rate in India is 74.04%, 82.14 for males and 65.46 for female