Daily Current Affairs Notes for 01-Oct-2022 By GyanOK.com

01 October 2022

‘Hurun India 40 & under self-made rich list 2022’ topped by Zerodha’s Nikhil Kamath

Nikhil Kamath, the cofounder of Zerodha, topped the ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’ with a net worth of Rs 17,500 crore. Bhavish Aggarwal, the founder of Ola, came in second place (Rs 11,700 crore), and Divyank Turakhia of Media.net in third place (Rs 11,200 crore).

Highlights:

  • According to Hurun, this year the number of under-40 billionaires surged to 1,103, an increase of 96. The cumulative wealth of the entrants in 40 & Under Self-made List has increased by 11% in comparison to last year, currently standing at Rs 1,83,700 crore highlighting the increasing rate of entrepreneurship that exists in the ecosystem.
  • A majority of young billionaires on the list live in India while some live abroad. The report said 47 of the 53 entrepreneurs reside in India. India’s Silicon Valley Bengaluru has the highest number of billion residents.
The Top 10 in IIFL Wealth Hurun India 40 & Under Self-Made Rich List:
Rank Name Wealth
INR Cr
Company
1 Nikhil Kamath 17,500 Zerodha
2 Bhavish Aggarwal 11,700 Ola Electric
3 Divyank Turakhia 11,200 Investments
4 Nakul Aggarwal 9,900 BrowserStack
5 Ritesh Arora 9,900 BrowserStack
6 Binny Bansal 8,100 Flipkart
7 Ritesh Agarwal 6,300 OYO
8 Harshil Mathur 5,500 Razorpay
9 Shashank Kumar 5,500 Razorpay
10 Neha Narkhede & family 4,700 Confluent

Airtel Payments Bank rolling out 1.5 lakh micro ATMs this fiscal

Airtel Payments Bank has started rolling out 1.5 lakh micro ATMs in a phased manner across tier 2 cities and semi-urban regions to facilitate cash withdrawal for its customers. The Bank will gradually expand its service to cover more banking points in a phased manner. The bank will leverage its strong network of over 5 lakh banking points across India to give users access to easy cash withdrawals through this initiative, it added.

  • The company has plans to finish the rollout of 1.5 lakh micro ATMs by the end of the current fiscal. Airtel Payments Bank is now integrated with the National Payments Corporation of India’s (NPCI) – National Financial Switch (NFS) to facilitate micro ATM transactions.
Benefits of Micro ATMs:
  • Airtel Payments Bank customers will be able to withdraw up to Rs 10,000 per transaction through the Micro ATMs.
  • The micro ATMs will be handled by Banking Correspondents (BCs) who will initiate the transaction by entering the withdrawal amount.
  • The customer will then insert their debit card into the device and enter the PIN to confirm the transaction.
  • The BC will authorise the transaction by entering their MPIN to complete the transaction.

Reliance Jio Chairman Akash Ambani listed on Time’s 100 Emerging Leaders’

Reliance Jio Chairman Akash Ambani, son of billionaire Mukesh Ambani, has been named by TIME magazine in the TIME100 Next list that recognises “rising stars from across industries and around the world. Significantly, he is the only Indian to be featured on the list this year. However, there is another Indian-born American business leader, subscription social platform OnlyFans’ Indian-origin CEO Amrapali Gan, on the list as well.

  • Akash Ambani has since played a key role in landing multibillion-dollar investments from Google and Facebook. If he handles Jio well, he may be given a crack at larger chunks of the family’s conglomerate.

Gandhinagar-Mumbai Vande Bharat Express launched by PM Modi

Gandhinagar-Mumbai Vande Bharat Express: Gandhinagar-Mumbai Central Vande Bharat Express train on September 30, 2022, Prime Minister Narendra Modi waved off in Gandhinagar. PM Modi is in Gujarat for two days. This is the third Vande Bharat train in the nation; the first two run between New Delhi and Shri Mata Vaishno Devi Katra and Varanasi and New Delhi, respectively.

Gandhinagar-Mumbai Vande Bharat Express: Key Points
  • The new Vande Bharat Express train will connect Gujarat and Maharashtra between Gandhinagar and Mumbai.
  • The train will run six days a week except for Sundays.
  • According to officials, the Vande Bharat train 20901 will leave Mumbai Central at 6.10 am and arrive in Gandhinagar at 12.30 pm.
  • The return train, 20902, will leave Gandhinagar Capital station at 2.05 pm and arrive at Mumbai Central at 8.35 pm.
Gandhinagar-Mumbai Vande Bharat Express: About
  • Gandhinagar-Mumbai Vande Bharat Express is a 16-coach train, which can accommodate 1,128 passengers, will stop at Surat, Vadodara, and Ahmedabad stations before arriving in Gandhinagar.
  • In order to make travel safer and more comfortable, the new Vande Bharat trains will include upgraded features including reclining seats, automated fire sensors, CCTV cameras, on-demand content with wifi, three-hour battery backup, and GPS systems.
  • The Integral Coach Factory (ICF) in Chennai hopes to have built 75 Vande Bharat trains by the end of August 2023.
  • The trains’ roof-mounted package unit (RMPU) contains a photocatalytic UV air purification technology.
  • This system is built and placed on both ends of the RMPU, as advised by the Central Scientific Instruments Organization (CSIO), Chandigarh, to filter and clean the air free from contaminants such as bacteria, viruses, and other microorganisms coming through fresh air and returning air.

Supreme Court Judgement on safe and legal abortion

Supreme Court Judgement on Abortion: The Supreme Court has declared that all women have the right to safe and legal abortions up to 24 weeks of pregnancy, no matter their marital status. An abortion regulation that made a distinction between married and unmarried women was “artificial and constitutionally unsustainable,” according to a bench of Justices DY Chandrachud, JB Pardiwala, and AS Bopanna.

Supreme Court Judgement on Abortion:
  • The bench determined that unmarried and single women with pregnancies between 20 and 24 weeks cannot be denied access to safe and legal abortion.
  • The Medical Termination of Pregnancy Act of 1971 had made it illegal for unmarried women who were 20–24 weeks pregnant after having consenting intercourse to have a legal abortion.
  • In reference to the MTP Act’s pertinent provision, the court’s ruling stated that “it seems to us that to give Rule 3B a restrictive and narrow interpretation would render it perilously close to holding it unconstitutional, because it would deprive unmarried women of the right to access safe and legal abortions between 20 and 24 weeks if they face a change in their material circumstances similar to married women.”