* Vigilance Commissioner, Suresh N Patel has been appointed as the Central Vigilance Commissioner, after a post fell vacant for a year.

* He has been working as the acting Central Vigilance Commissioner since June 2022.

* CVC Patel has administered the oath of office to Arvind Kumar (former IB chief) and Praveen Kumar Srivastava (ex-IAS officer) as vigilance commissioners.

* The tenure of a CVC and vigilance commissioner: Four years or till attains the age of 65 years.

* India will host the special meeting of the United Nations Security Council (UNSC) on counter-terrorism on October 29, 2022.

* The tenure of India as a non-permanent member at the UN Security Council will be ended on December 2022.

* Theme: Mindful of the increasing threat posed by the misuse of new and emerging technologies

* Non- permanent members: Albania, Brazil, Gabon, Ghana, India, Ireland, Kenya, Mexico, Norway and the UAE

* India's envoy to the UN: Ruchira Kamboj

* Banks have written off loans worth of Rs 10 lakh crore in the last five financial years (2017-18 to 2021-22).

* The write-off amount has come down to Rs 1,57,096 crore (2021-22) as compared to Rs 2,02,781 crore (2020-21).

* In 2019-20, the write-off has also come down from Rs 2,36,265 crore to Rs 2,34,170 crore.

* The commercial banks and financial institutions have reported credit information of all borrowers having aggregate credit exposure of Rs 5 crore and above to RBI.

* The financial inclusion (FI) index of the Reserve Bank of India (RBI) has increased to 56.4 in March 2022 from 53.9 in March 2021.

* It shows growth in across all sectors across the country.

* Financial inclusion index was constructed to capture the extent of financial inclusion across the country.

* Sectors: Banking, investments, insurance, postal, pension sector

* This index has been created without any base year, and published in July every year.

* The 18th edition of India and US mega military exercise “Yudh Abhyas” will be held in Auli, Uttarakhand from October 14 to 31, 2022.

* Aim: To build the understanding, cooperation and interoperability between the two armies.

* The 17th edition of the exercise was held in Alaska in US.

* The Indian Oil Corporation Limited (IOCL) has signed an MoU with the Bangladesh Roads and Highways department in Dhaka for the emergency supply of petroleum goods.

* As per the MoU, the petroleum tankers will enter from Meghalaya and will go to Tripura crossing through the Bangladesh territory.

* The IOCL will carry all the administrative fees, charges and local taxes including road usage fee for use of the Bangladeshi territory.

* IOCL Chairman: Shrikant Madhav Vaidya

* The Trade deficit of India has increased to $31 Billion in July 2022, with a decline in exports and an increase in imports.

* According to the data released by the commerce ministry, the merchandise exports have declined to a five-month low at $35.2 billion in July 2022 while imports eased sequentially to $66 billion.

* It has almost tripled from USD 10.63 billion in the same month of the previous fiscal.

* Minister of Commerce and Industry: Piyush Goyal

* IFS Shweta Singh, a 2008-batch IFS officer, has been appointed as a director in the Prime Minister’s Office (PMO).

* Her appointment has been approved by the Appointments Committee of the Cabinet (ACC) for a period of three years from the date of her joining.

* The ACC has also cancelled the appointment of Aniket Govind Mandavgane, a 2009-batch IFS officer, as the Deputy Secretary in the PMO, who was appointed on July 18.

* The government has lowered the mandatory turnover threshold from Rs 20 crore to Rs 10 crore under the Goods and Services Tax (GST) regime from October 1, 2022.

* Aim: Digitising a higher volume of transactions, transparency in sales reporting, reducing errors and mismatches, automating data entry work, and improving compliance.

* E-invoicing (electronic billing) has been started in October 2020.

* GST Day: July 1

* Sebi has restructured advisory committee on market data, that recommends policy measures pertaining to securities market data access and privacy.

* The market data advisory committee will now have 20 members (earlier 21 members).

* Sebi has replaced former MD and CEO of NSE, Vikram Limaye by NSE current chief, Ashishkumar Chauhan.

* The committee is chaired by S Sahoo Professor at National Law University.

* SEBI Chairperson: Madhabi Puri Buch