current affairs 05 September 2022

Pallathuruthy Boat Club wins 68th edition of Nehru Trophy Boat Race.

• Pallathuruthy boat club has won the 68th edition of Nehru Trophy for a boat race, was organised on Punnamada lake, Alappuzha district of Kerala.
• Mahadevikkadu Kattil Thekkethil by Pallathuruthy boat club won the trophy.
• While NCDC Boat club’s Nadubhagam of Kumarakam has secured the second place in the race.
• The boat of Pallathuruthy boat club has won the title by clearing the distance of 1.15 km in 4.30.77 minutes.
• This is the third time that Pallathuruthy won trophy.

India’s forex reserves decline by $3 billion to $561 billion.

• As per the official data of RBI, India's foreign exchange (forex) reserves has been declined to $561 billion in the week ending August 26, 2022.
• India's FER has declined sharply in recent months as the RBI continues to intervene in the currency markets to defend the rupee.
• The value of gold reserves also fall down by $271 million to $39.643 billion during the week ended August 26.
• The value of India’s SDRs with IMF has also declined by $155 million to $17.832 billion.

Karnataka govt launches global startup challenge.

• The Karnataka government has launched a Global Startup Challenge named VentuRISE.
• Aim: To support growth stage startups in manufacturing and sustainability-related sectors.
• VentuRISE, it will be a part of the Global Investors Meet - Invest Karnataka 2022 that will be held from 2 - 4 November in Bengaluru.
• Cash prize: $ 100,000
• The global challenge will help entrepreneurs to showcase their innovative products or solutions and connect with potential investors.

Union Minister Nitin Gadkari unveils India's first LNG-fuelled green truck.

• Union Minister of Road Transport and Highways, Nitin Gadkari has inaugurated India’s first Liquefied Natural Gas (LNG) fuelled green truck in Chakan near Pune.
• It was manufactured by the Blue Energy Motors, a start-up backed by a Singapore-based firm.
• The trucks are powered by Iveco FPT, global powertrain brand of Iveco Group.
• The engines of truck generate high torque and help trucks deliver best in class TCO (total cost of ownership).

APEDA and Manipur organize in-store export promotion show for pineapples.

• The Agricultural & Processed Food Products Export Development Authority (APEDA) has organized an in-store export promotion programme of Manipur’s pineapples in Dubai, UAE.
• Aim: To promote locally produced agricultural products in the international markets.
• Manipur Organic Mission Agency (MOMA) has supported the sourcing of organic certified Kwe variety of pineapples.
• Top five importing countries of Indian pineapples: UAE, Nepal, Qatar, Maldives, USA