05102022 FEDERAL IBPS RRB PO IBPS PO CURRENT AFFAIRS SNIPPETS
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01st October 2022
National
News
Ajay, Suriya receive National Awards; Asha Parekh gets Dada Saheb Phalke
Award
Actors Ajay Devgn
and Suriya received the Best Actor award for the films 'Tanhaji: The Unsung
Warrior' and 'Soorarai Pottru' respectively at the 68th National Film Awards
held at Delhi's Vigyan Bhawan on Friday. Veteran actress Asha Parekh was
honoured with the Dada Saheb Phalke Award. Aparna Balamurali got the Best
Actress award for her role in 'Soorarai Pottru'.
Ghulam Nabi Azad elected chairman of Democratic Azad Party
Ghulam Nabi Azad,
former Chief Minister of the erstwhile state of Jammu and Kashmir, has been
elected the chairman of the newly-formed Democratic Azad Party (DAP), said a
party leader on Saturday. A resolution was passed unanimously at a founder
members' session, said the leader. Azad, 73, quit Congress on August 26 this
year.
List of cleanest Indian cities released, Indore bags top spot for the
6th time
MP's Indore has
been ranked as the cleanest city in India by the Centre's Swachh Survekshan
survey, for the sixth consecutive time. Surat in Gujarat and Navi Mumbai in
Maharashtra occupy the second and third spots in the latest ranking.
Visakhapatnam and Vijayawada in Andhra Pradesh have been ranked fourth and
fifth cleanest cities, respectively.
5G Launch: PM Modi says rollout of 5G a gift to 130 billion Indians
5G Launch: The nation's 5G services were officially inaugurated by Prime
Minister Narendra Modi on October 1st, 2022, ushering in a period of
ultra-high-speed mobile internet, according to a statement from the Prime
Minister's Office. The sixth iteration of the India Mobile Congress was also
launched by PM Modi. A new era in the
nation is ringing in with the arrival of 5G. A limitless sky of options will
open up with 5G. The PM continued by
saying that the New India will actively participate in the creation and use of
technology rather than simply becoming a consumer of it. Future wireless technology design and related
production will be heavily influenced by India.
International News
Eurozone Inflation Hits At 10%, A new High
Inflation
in the 19-member eurozone reached 10% in September, the highest it has ever
been in the history of the common European currency, according to the latest
flash estimate from Eurostat, the EU statistics agency. This is up from the 9.1% seen in August. Just
one year ago, inflation was 3.2%. The high inflation figure comes as the region
experiences soaring electricity and natural gas prices, and also comes
amid forecasts of a looming recession. The
price of energy has risen 40.8% when compared to last year's prices, while the
cost of food, alcohol and tobacco rose 11.8% in September, up from the 10.6%
recorded in August. The inflation figure in Estonia for September was
pegged at a whopping 24.2%, a little lower than the 25.2% seen in August,
but also the highest in the eurozone.
Kazakhstan changes capital’s name from Nur-Sultan back to Astana
Kazakhstan’s president, Kassym-Jomart Tokayev is to restore the former name of
the country’s capital, Astana, just three years after he renamed it in honour
of his predecessor. Kazakhstan’s
president has signed a law limiting presidential terms and reverting to the old
name of the Central Asian country’s capital, in the latest step of breaking
with the legacy of his predecessor. The bill also reinstated the capital’s name
to Astana. The name was changed to
Nur-Sultan in March 2019, in honour of outgoing president Nursultan Nazarbayev.
President Kassym-Jomart Tokayev signed a bill on 24 Sept limiting presidential
mandates to a single seven-year term, a day after parliament approved the
measure.
Vladimir Putin Declares Annexation Of 4 Ukrainian Regions by Russia
Vladimir Putin has declared the Annexation of 4 Ukrainian regions by Russia
namely Donetsk, Luhansk, Kherson and Zaporizhia. The West has denounced the annexation of
occupied Ukrainian territory by Russia as an illegitimate land grab after
Russian President Vladimir Putin signed treaties. The president of Ukraine, Zelenskyy responded
by unexpectedly submitting an application to join the NATO armed alliance.
States News
World's largest safari park to be developed in Gurugram
World's largest jungle safari park to be developed in Haryana. The World's
largest jungle safari park is spread across an area of 10000 acres in the Aravalli
Mountain Range of Gurugram and Nuh District. This project will be the largest
such project in the world. The park will
also include a large herbarium, an aviary, four zones for big cars, a large
area for herbivores, an area for exotic animal/birds, an underwater world,
natural trails, visitors, tourism zones, botanical garden, biomes, equatorial,
tropical, coastal, desert, etc. For the
making of the World's largest jungle safari park an Aravalli Foundation will be
set up which will manage the project.
Appointments News
Hero MotoCorp Appoints Movie Star Ram Charan New Brand Ambassador
The Hero MotoCrop has appointed actor Ram Charan as the new brand ambassador.
Hero MotoCrop, the country's largest two-wheeler maker has launched the Hero GIFT
Programme. The Hero GIFT stands for the
Grand Indian Festival of Trust. This initiative includes exciting model
refreshers, retail benefits, several financing schemes, pre-booking offers, and
many more. The new campaign or
initiative emphasizes the new age youth culture of swiping.
N S Rajan named as the new chairman of ASCI
N S Rajan, new chairman of ASCI: The election of N S Rajan, Director of August
One Partners LLP, as Chairman of the Board of Governors of the Advertising
Standards Council of India (ASCI) was done.
Of the board meeting that followed the 36th Annual General Meeting (AGM)
of ASCI, Saugata Gupta, Managing Director & CEO, Marico Limited, was
elected Vice-Chairman, and Shashidhar Sinha, Chief Executive Officer at IPG
Mediabrands India, was named Honorary Treasurer.
Banking News
Active credit cards drop 2.3 million in August over new RBI norms
The outstanding credit card base dropped to 77.99 million in August
from over 80 million in July, mainly on account of the new norms of the Reserve
Bank of India (RBI) that warrant the deactivation of cards that are inactive
for a year. While there was a 2.8 per
cent decline in net card additions on a month-on-month (MoM) basis in August, a
first in many months, credit card spends slipped 3 per cent on a high
base. Still, spends topped the Rs 1-trillion mark for the sixth consecutive
month.
Awards News
Indian Women’s rights activist Srishti Bakshi wins 'Changemaker'
award
A women’s rights activist from India, Srishti Bakshi has won the ‘Changemaker‘
award at the UN SDG (United Nations Sustainable Development Goals) Action
Awards held at a ceremony in Bonn, Germany.
The award is given to recognise the efforts of Srishti Bakshi to raise
awareness of gender-based violence and inequality. The UN SDG Action Awards Ceremony celebrates
people and initiatives that mobilize, inspire, and connect people every day,
proving that each one of us has the power to drive transformative action. The finalists for the UN SDG Action Awards
were selected from over 3,000 applications from 150 countries and the winners
were announced during a live event on 27 September 2022.
Summits and Conferences News
MoS for Culture Arjun Ram Meghwal attends UNESCO-MONDIACULT 2022 in
Mexico
The Indian delegation headed by the Minister of State for Culture Shri Arjun
Ram Meghwal represented at UNESCO-MONDIACULT 2022 World Conference held at
Mexico City from 28th-30th September 2022.
The Minister addressed the conference on burning issues and concerns of
the Cultural sector policies. In the conference, Culture Ministers of more than
100 countries participated on this multilateral forum to decide on the global
cultural discourse.
Books and Authors News
Shashi Tharoor explores different strands of Ambedkar's life
Shashi Tharoor, a congress leader announced to write a biography of BR Ambedkar
next month. The book will be published by Aleph and it will provide insights
into the legendary leader's life and times. The book will be known as
"Ambedkar: A Life". Shashi Tharoor
claims to answer the question of whether Ambedkar was the greatest Indian of
modern times or not through the book. The
book will emphasize the "Humiliation and hurdles" faced by Ambedkar
to overcome in society.
Important Days
International Coffee Day 2022 celebrates on 01st October
Every year, International Coffee Day is observed on October 1,
to celebrate and promote the use of coffee. The day is marked to celebrate
“the coffee sector’s diversity, quality and passion.” It is an opportunity for
coffee lovers to share their love of the beverage and support farmers whose
livelihood depends on the aromatic crop.
Every year 77 Member States of the International Coffee Organization
(ICO), dozens of coffee associates, and millions of coffee lovers come together
to celebrate their favourite beverage.
World Vegetarian Day 2022 observed on 01st October
World Vegetarian Day is celebrated on the first day of October. It also
kickstarts Vegetarian Awareness Month. This global day of advocacy and
awareness celebrates the benefits of vegetarianism and encourages people to
reduce their consumption of animal products.
The day is commemorated to create awareness about the benefits of
vegetarianism like reducing the risks of heart diseases and other health complications.
International Day of Older Persons celebrates on the 1st October
October 1 is observed as the International Day of Older Persons across the
globe. The day was introduced by the United Nations General Assembly with an
aim of honouring the contribution of older persons and looking into the
problems that they face. Older people
make significant contributions to society via volunteer work, passing on
experience and knowledge, and assisting their families with different
responsibilities. As today we celebrate this occasion, let’s glance at its
history and significance. The overall
umbrella theme for the United Nations International Day of Older Persons in
2022 is “Resilience of Older Persons in a Changing World.”
OBITUARY
Ex-Kerala Home Minister Kodiyeri Balakrishnan passes away at 68
Former Kerala Home
Minister Kodiyeri Balakrishnan passed away in Chennai on Saturday at the age of
68. The veteran CPI(M) leader was diagnosed with cancer earlier and had been
under treatment at Apollo Hospital. He had stepped down as party state
Secretary in August due to poor health. He served as Kerala Home Minister from
2006-2011.
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NATIONAL
Assam's Kaziranga National Park reopens for tourists
Kaziranga National
Park and Tiger Reserve in Assam, which is a UNESCO World Heritage Site, was
reopened for tourists on October 2. The national park had been shut since May
for tourists due to flooding and rains. Chief Minister Himanta Biswa Sarma and
Isha Foundation founder Sadhguru Jaggi Vasudev declared the national park open
for tourists on September 22.
INTERNATIONAL
Life without AR will soon be unthinkable: Apple CEO Tim Cook
Apple CEO Tim Cook
in a recent interview said that soon we will be looking at life before
Augmented Reality (AR). "AR apps are already in the App Store, but the
possibilities will go much, much further," he said. Calling it "a
profound technology", Cook said that AR will soon affect everything
including teaching and medicine.
OPEC+ to consider oil output cut of over 1 million barrels per day:
Reports
According to reports,
OPEC+ is mulling an oil output cut of over a million barrels per day when it
meets on October 5. OPEC+, consisting of OPEC countries and allies like Russia,
will meet in person in Vienna for the first time since March 2020. The output
cuts are being considered after the fall in global oil rates.
Chinese film 'Return to Dust' disappears from the country's cinemas, internet
Chinese film
'Return to Dust' has been withdrawn from cinemas and streaming platforms in the
country despite earning 100 million yuan at the box office. Released in China
on July 8, the film depicts the hardships of life in rural China. "We
didn't receive an official document to block the film," a person
associated with the film's makers said.
BANKING, BUSINESS AND ECONOMY
Insolvency cases involving nearly ₹10.5 lakh cr disposed of in 5 yrs:
NCLT
National Company
Law Tribunal (NCLT) has disposed of insolvency cases amounting to nearly ₹10.5
lakh crore in last five years, said NCLT President Chief Justice (Retired)
Ramalingam Sudhakar. Of the total, 23,608 cases amounting to ₹7.21 lakh crore
have been settled before admission. Resolution plans have been approved in 565
cases, involving an amount of ₹3.03 lakh crore, Sudhakar added.
Government issues draft guidelines for listing of regional rural banks
The Finance
Ministry issued draft guidelines to enable regional rural banks (RRBs) to raise
resources by listing on stock exchanges. According to the guidelines, RRBs
would require a net worth of at least ₹300 crore during the previous three
years. They should also possess capital adequacy above the regulatory minimum
level of 9% in each of the previous three years.
Inflation will average 5.2% next fiscal, assuming normal rains: RBI
According to RBI's
'Monetary Policy Report September 2022', average inflation will be 5.2% in
2023-24, assuming "a normal monsoon, a progressive normalisation of supply
chains, and no further exogenous or policy shocks". The central bank is
mandated to keep retail inflation in a range of 2-6%. The RBI recently hiked
the repo rate to 5.9% to bring inflation under control.
Govt extends concessional customs duty on edible oil import till March
2023
The Central Board
of Indirect Taxes and Customs (CBIC) has extended existing concessional import
duties on specified edible oils up to March 31, 2023. The government, in its
notification, said that the move was aimed at increasing domestic supply and
keeping prices under control. The concessional customs duty on edible oil
import was also extended till March 2023.
Finance Ministry to launch special financial inclusion drive from Oct 15
The Finance
Ministry took to Twitter to announce a special financial inclusion drive to
achieve saturation bank accounts and expansion of Kisan Credit Card coverage.
The drive will run from October 15 to November 26 and focus on mobile/Aadhaar
seeding of existing accounts with special focus on making small accounts normal
accounts by doing full KYC.
SEBI tightens disclosure norms for IPO-bound companies
SEBI approved new
mandates including tightening of disclosure norms for IPO-bound companies. In
its board meeting, the market regulator allowed companies for confidential
pre-filing of offer documents along with relaxing open offer pricing rules for
disinvestment of public sector undertakings (PSUs). As per the new norms,
buying and selling of mutual funds falls under insider trading rules.
Windfall profit tax cut on domestic crude oil, diesel; scrapped for jet
fuel
According to a
Finance Ministry notification issued late Saturday night, the tax on
domestically produced crude oil was reduced from ₹10,500 to ₹8,000 per tonne.
The levy on the diesel export was reduced to ₹5 per litre from ₹10 per litre.
The government also scrapped the export tax on jet fuel completely. All the changes
will be effective immediately.
Jio to launch 4G-enabled laptop for ₹15,000: Report
Reliance Jio will
be launching a laptop with an embedded 4G sim card for ₹15,000, Reuters
reported on Sunday. The company has partnered with companies like Qualcomm and
Microsoft for the 'JioBook'. The laptop will be available to enterprise
customers like schools and government institutes from this month, with a
consumer launch expected within the next three months.
TRAI to propose unified KYC system to stop fraudulent calls: Chairman
TRAI Chairman PD
Vaghela said TRAI is planning to set up a unified know-your-customer system,
which should be accessible by all telecom operators, to check fraudulent
callers and spammers. Speaking at India Mobile Congress, Vaghela said spammers
have started using multiple numbers and proxy servers to call people and TRAI
will use AI and machine learning to detect them.
Disappointed with the decision: Xiaomi on ED seizing assets
Xiaomi said that
the company is "disappointed with the decision" of FEMA authority,
which approved an order of seizure of over ₹5,551 crore worth of deposits. The
company said over 84% of the ₹5,551.27 crore were royalty payments made to US
company Qualcomm. "We believe our royalty payments and statements to the
bank are all legitimate and truthful," Xiaomi said.
SPORTS
India win a T20I series against SA on home soil for 1st time ever, break
multiple records
India defeated South
Africa by 16 runs to take an unassailable 2-0 lead in the three-match series.
It's the first time that India clinched a T20I series against South Africa at
home. India recorded their highest-ever T20I total (237/3) against South
Africa. Suryakumar Yadav became the fastest batter to reach 1,000 T20I runs in
terms of balls faced (573).
Ethiopia's 23-yr-old Yehualaw becomes youngest-ever winner of London
marathon
Ethiopia's
23-year-old Yalemzerf Yehualaw became the youngest-ever winner of the London
marathon, finishing in two hours, 17 minutes and 26 seconds. Notably, it's the
third fastest women's London Marathon time in history. Yehualaw, who tripped
during the run, said she's happy to win in London. Kenya's Amos Kipruto won the
men's race in two hours, four minutes and 39 seconds.
DEFENCE
What are the features of Light Combat Helicopters that'll be inducted
tomorrow?
The Indian Air
Force (IAF) will formally induct the first batch of the made-in-India Light
Combat Helicopters (LCH) on Monday. The helicopters are primarily designed for
deployment in high-altitude regions and have stealth features, armour
protection, night attack capability and crash-worthy landing gear for better
survivability. They can operate at an altitude of up to 5,000 metres with
weapons.
OBITUARY
Shri Tulsi Tanti one of the foremost believers in Aatmanirbharta: Adani
Chairman of Adani
Group, Gautam Adani took to Twitter to condole the death of Founder and
Chairman of Suzlon Energy, Tulsi Tanti. Calling him one of the foremost
believers in Aatmanirbharta, Adani called Tanti a "gifted visionary who
proved that India could be a global player in the wind energy space."
Tulsi Tanti passed away due to cardiac arrest.
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NATIONAL
Centre
hikes import duty on platinum
Import duty on
platinum has been increased to a total of 15.4 per cent with effect from Monday
through a notification by the Finance Ministry.
Platinum and
palladium for use in manufacture of precious metal chemicals, compounds (noble
metal compounds and solutions) and catalytic converters will continue at basic
customs duty of 7.5 per cent subject to IGCR. Rhodium will also continue with
BCD of 2.5 per cent.
It is being
presumed that the increase in duty on platinum is to plug a loophole which is
helping bullion importers to make record profits.
As per reports
some bullion importers are importing refined gold disguised as platinum alloy.
Gold attracts
15 per cent import duty, as opposed to platinum alloy that invites a duty of
10.75 per cent which observers say is a case of misdeclaration and duty
violation.
UGC
Guidelines: HEIs must add 25% more seats for international students
UGC Guidelines for International Students: The University Grants Commission
(UGC guidelines) said that higher education institutions (HEIs) nationwide
would now be able to add up to 25% extra seats for international students and
must have a transparent admissions procedure for them. Last month, the draught of "Guidelines
for Admission and Supernumerary Seats of International Students in
Undergraduate and Postgraduate Programmes in Higher Educational Institutions in
India" was made available to the public for comment.
Center extends AFSPA in Nagaland and Arunachal Pradesh for further 6
months
AFSPA in Nagaland and Arunachal Pradesh: The Armed Forces (Special Powers) Act,
or AFSPA, has been applied to 12 districts in Nagaland and Arunachal Pradesh
for an additional six months, according to the federal government. In order to aid the military forces in
carrying out the anti-insurgency operations, it has also been expanded in some
areas of five more districts of the two northeastern states. The AFSPA will be extended for six months
starting in nine districts of Nagaland: Dimapur, Niuland, Chumoukedima, Mon,
Kiphire, Noklak, Phek, and Zunheboto.
The AFSPA will be also extended for six months starting in 16 police
station areas in four additional districts: Kohima, Mokokchung, Longleng, and
Wokha. While Arunachal Pradesh has 26
districts, Nagaland only has 16. On
March 31, Union Home Minister Amit Shah said that Assam, Nagaland, and Manipur
would no longer use the AFSPA as of April 1.
Telangana government hikes ST reservation 6% to 10%
The Telangana government issued an order to increase the reservation for the
Scheduled Tribe communities from 6 per cent to 10 per cent. In 2017, the Telangana Assembly passed a bill
enhancing the reservation of the ST population to 10 per cent. In the same year, the bill was sent to the
Government of India for the assent of the President. After six years it was still pending despite
several representations from the state government. The state government ordered to enhance the
reservation to be brought to force with immediate effect. The latest order has increased the
reservation for various sections in the state up to 54 percent. Chief Minister K Chandrasekhar Rao has
announced the increase of the ST Quota to 10 percent.
Appointments News
Sujoy Lal Thaosen, Anish Dayal Singh named as New DGs of CRPF, ITBP
Senior Indian Police Service (IPS) officers Sujoy Lal Thaosen and Anish Dayal
Singh have been appointed as the new director generals of the Central Reserve
Police Force (CRPF) and Indo-Tibetan Border Police (ITBP) respectively. Thaosen's scheduled retirement is in November
this year, while Singh will superannuate in December 2024. The order for their
appointment was issued by the Personnel Ministry after sanction from the
Appointments Committee of the Cabinet (ACC) headed by the prime minister.
Sunil Barthwal take charges as Secretary in Department of Commerce
Senior IAS officer, Sunil Barthwal assumed charge as the commerce secretary.
Barthwal, a 1989-batch officer of the Bihar cadre, previously served as the
labour and employment secretary. He
replaced Subrahmanyam, a 1987-batch IAS officer of the Chhattisgarh cadre, who
was appointed as chairman and managing director, of the India Trade Promotion
Organisation on a contract basis for a period of two years following his
superannuation. During his rich and
varied experience as an IAS Officer, he has held various administrative
positions in the areas of Finance, Social Security, Investment, Infrastructure,
Mines, Steel, Energy, Transport etc. in the Government at the Central and State
levels.
Lalit Bhasin elected new President of Indo-American Chambers of Commerce
Noted lawyer Lalit Bhasin has been appointed as the national president of
Indian American Chambers of Commerce (IACC). Bhasin, before being elected to
the post, was the executive vice president of IACC. Bhasin is the 54th national president of
IACC, which was set up in October 1968 and is headquartered in Mumbai, having 14
offices all over India, with a large membership from large, medium and small
business entities. Bhasin’s 60 years of
eminent association with legal practice took him to several leadership
positions in the profession. He is closely associated with India’s apex
business organizations like CII, and PHD CCI and served as chairman of its
legal committees.
BANKING, BUSINESS,ECONOMY
Wipro,
Infosys, TechM revoke offer letters given to freshers: Reports
Top IT
and tech firms like Wipro, Infosys and Tech Mahindra have reportedly revoked offer
letters given to students after delaying their joinings by nearly three-four
months.
According
to reports, hundreds of freshers were given offer letters but first the joining
of those candidates were postponed and finally, their offer letter was revoked.
The news,
first reported by BusinessLine, quoted emails sent by these companies to the freshers whose offer
letters were rejected.
India's
exports dip by 3.52% to $32.62 bn in September: Govt data
India’s
merchandise exports contracted 3.5 per cent in September amid shrinking demand
for Indian goods due to recession fear in advanced economies.
Data released
by the commerce ministry on Monday showed exports dipped to $33.6 billion in
September from $33.8 billion during the same month a year ago. Growth in
merchandise imports in September decelerated substantially to grow 5.4 per cent
to $59.3 billion, leading to a trade deficit of $22.7 billion.
Non-petroleum
exports in September contracted 7.25 per cent to $26.5 billion while
non-petroleum imports grew 10.7 per cent to $43.75 billion.
During the
first half (April-September) of the financial year FY23, India’s merchandise
exports grew 15.5 per cent to $229 billion while imports rose 37.9 per cent to
$378.5 billion, leading to a trade deficit of $149.5 billion.
During
September, export of engineering goods, organic and inorganic chemicals,
pharmaceuticals, readymade garments, cotton yarn and rice contracted while
export of petroleum products, gems and jewellery, electronic goods and marine
products increased.
Similarly,
during the month, imports of petroleum products, electronic goods, gold,
precious stones, chemicals, vegetable oil while import of machinery, transport
equipment, coal, and iron and steel increased.
The World
Trade Organisation (WTO) last month in its latest goods trade barometer pointed
to stagnating global trade growth. The volume of world merchandise trade
plateaued with year‐on‐year growth slowing to
3.2 per cent in the first quarter of 2022, down from 5.7% in the fourth quarter
of 2021. WTO has projected 3 per cent growth in volume of global merchandise
trade in 2022 compared to 9.8 per cent growth in 2021. “Uncertainty surrounding
the forecast has increased due to the ongoing conflict in Ukraine, rising
inflationary pressures, and expected monetary policy tightening in advanced
economies,” it said.
NHAI
raises Rs 1,217 crore through InvIT, adds three road projects
National
Highways Infra Trust, the infrastructure investment trust (InvIT) of National
Highways Authority of India (NHAI), has raised Rs 1,217 crore from investors in its follow-on
offer, the ministry of road transport and highways (MoRTH) announced on Monday.
The issue
was fully subscribed before closing, with NHAI’s own share of investment being
Rs 213 crore, MoRTH said. While the ministry had been planning to expand its
investor pool, there is currently no information available on which
institutional investors have been involved in the latest issue.
India's
Unemployment Rate drops to 6.43 per cent in September: CMIE
India's unemployment rate has drastically dropped to 6.43 per cent in
September due to an increase in labour participation in the rural and urban
areas, according to data from the Centre for Monitoring Indian Economy (CMIE). During August, India's unemployment rate
surged to a one-year high of 8.3 per cent as employment sequentially fell by 2
million to 394.6 million. According to
the CMIE data, the unemployment rate was the highest in Rajasthan at 23.8 per
cent in September, followed by Jammu and Kashmir at 23.2 per cent, Haryana at
22.9 per cent, Tripura at 17 per cent, Jharkhand at 12.2 per cent and Bihar at
11.4 per cent.
India’s Current Account Deficit Rises 2.8% to USD 23.9 billion in
Q-1
India's current account deficit (CAD), a key indicator of balance of payment of
a country, has widened to $23.9 billion, which is 2.8% of the GDP, in the first
quarter of the current financial year 2022-23.
This is up from $13.4 billion (1.5% of the GDP in Q4 of FY2022) and a
surplus of $6.6 billion (0.9% of the GDP) a year ago period of Q1FY22,
according to the data released by the RBI's Balance of Payments. The rupee has weakened more than 7% since the
beginning of the year as foreign investors pulled out $30 billion from equities
over worries that the trade deficit could worsen, pushing the central bank to
defend the currency with its foreign reserves.
1.47 Lakh Crore GST Collected in the Month of September 2022
The gross GST revenue collected in the month of September 2022
is ₹ 1,47,686 crore of which CGST is ₹ 25,271 crore, SGST
is ₹ 31,813 crore, IGST is ₹ 80,464 crore
(including ₹ 41,215 crore collected on import of goods) and Cess
is ₹ 10,137 crore (including ₹ 856 crore collected on import of
goods). The government has
settled ₹ 31,880 crore to CGST and ₹ 27,403 crore to SGST
from IGST as regular settlement. The total revenue of Centre and the States
after regular settlements in the month of September 2022 is ₹ 57,151
crore for CGST and ₹ 59,216 crore for the SGST.
Pegatron start iPhone manufacturing in Chennai, and becomes 3rd in India
Pegatron third iPhone manufacturer in India: With the opening of a factory in
Mahindra World City in Chennai, Taiwan's Pegatron became the third Apple
supplier to establish a production facility in India. It will put about Rs 1,100 crore into the
facility, which might lead to the creation of 14,000 employment. The other two
Apple suppliers with facilities in India are the Taiwanese companies Foxconn
and Wistron.
New debit, credit card rules kick in with Tokenisation
The rules and regulations for online payments for debit and credit cards have
been changed. The Reserve Bank of India's (RBI) card-on-file (CoF) tokenization
norms came into effect on 1st October 2022. RBI's CoF tokenization aims to
improve the payment experience of cardholders.
The new rule released by RBI says that neither businesses nor payment
aggregators can save customer card details on their platforms. The card details
can only be saved by card networks or issuing banks. Tokenisation has replaced sensitive card
information including card number, and card expiry with
cryptographically-generated random strings.
Once the card is Tokenised, the generated card token can be used for
processing payments as a substitute for card details.
The Tokenised card eliminates the risk of loss of sensitive card information.
Ranks and Reports News
Tamil Nadu and Maharashtra topped destinations for foreign tourists 2021
As per a report by Union Tourism Ministry, Maharashtra and Tamil Nadu had the
highest numbers of foreign tourist visits, with 1.26 million and 1.23 million,
respectively in 2021. The over 280-page
report titled 'India Tourism Statistics 2022' was released by Vice-President
Jagdeep Dhankhar on World Tourism Day at Vigyan Bhawan in New Delhi. India received 677.63 million domestic
tourist visits in 2021, an increase of 11.05 per cent from 610.22 million in
2020, the report said. The two states
with the most domestic tourists visiting are Tamil Nadu and Uttar Pradesh with
140.65 million and 86.12 million, respectively.
Indore Gets India's Cleanest City Tag for 6th Time in a Row: Swachh
Survekshan Awards
Indore bagged the title of India’s cleanest city for the sixth time in a row as
the results of the Central government’s annual cleanliness survey ‘Swachh
Survekshan Awards 2022’ were announced.
Madhya Pradesh secured the first position in the category of best
performing states, followed by Chhattisgarh and Maharashtra. Surat is the second cleanest city and Navi
Mumbai comes a close third in the category of cities with a population of more
than a lakh. Tripura has bagged the top
rank among the states having fewer than 100 urban local bodies. In the category of cities having a population
of fewer than one lakh, Maharashtra’s Panchgani was ranked number one, followed
by Chhattisgarh’s Patan (NP) and Maharashtra’s Karhad. Haridwar was adjudged the cleanest Ganga town
in the category of more than 1 lakh population, followed by Varanasi and
Rishikesh.
Science and Technology News
ISRO scientist Anil Kumar elected Vice President of IAF
Senior Indian Space Research Organization scientist Anil Kumar has been
appointed as the Vice-President of the International Astronautical Federation
(IAF). Dr. Anil Kumar is currently serving as the Associate Director, of ISRO
Telemetry, Tracking, and Command Network (ISTRAC). The International Astronautical Federation
was founded in 1951. IAF is one of the world's top space advocacy bodies with
433 members in 72 nations. International Astronautical Federation Congress
(IAC) is an annual space event and it is attended by more than 6000
participants, IAC is organized by the IAF.
The International Astronautical Federation Congress includes networking
events, talks, and a technical program on advances in science and exploration,
applications, and operations, technology, infrastructure, and space and
society.
Optimus robot's prototype unveiled by Elon Musk, CEO of Tesla
Elon Musk unveils Optimus robot's prototype: Elon Musk, the CEO of Tesla,
unveiled a model of the humanoid "Optimus" robot, which uses some of
the same Artificial Intelligence (AI) software and sensors as the Autopilot
driving assistance system in Tesla vehicles.
At Tesla AI Day 2022, which was held to show off how far the company's
research into autonomous robots and vehicles had progressed, Optimus was
unveiled.
Awards News
Nobel prize 2022: Svante Pääbo awarded Nobel Prize in medicine
The Nobel Prizes 2022 for medicine or physiology was awarded to Swedish
geneticist Svante Pääbo. Svante Pääbo was given the award “for his discoveries
concerning the genomes of extinct hominins and human evolution," the Nobel
Prize committee. Considered the most prestigious
prize in the scientific world, it is awarded by the Nobel Assembly of Sweden's
Karolinska Institute and is worth 10 million Swedish crowns ($900,357). The prestigious award comes with a gold medal
and 10 million Swedish kronor (over $1.14 million). The prize money
comes from a bequest left by the prize’s creator, Swedish inventor Alfred
Nobel, who died in 1895. The other prizes are for outstanding work in the
fields of physics, chemistry, literature, peace and economics.
Sports News
Indian javelin thrower Shivpal Singh suspended till 2025 for doping
Indian javelin thrower, Shivpal Singh has been suspended from competing till
October 2025 due to a doping violation. As per the Olympics.com he subsequently
tested positive for the banned substance methandienone, a performance-enhancing
steroid. As a result, the National
Anti-Doping Agency (NADA) suspended Shivpal Singh for four years. The ban comes
into effect from October 21, 2021, which means that the 27-year-old will be out
of action till October 2025. The Uttar
Pradesh-based athlete was a silver-medallist at the 2019 Asian Championships,
where he achieved his personal best throw of 86.23m. He had also won the 2019
World Military Games.
Important Days
68th National Wildlife Week observed on 02 to 08 October 2022
The celebration of 68th National Wildlife Week is observed all over India from
2nd to 8th October 2022. The main
objective of this campaign is to promote the conservation and protection of
animal life. It teaches people about animal life and encourages them to save a
large number of animals by not killing them for their own food or for other
purposes. This week is celebrated
because wildlife plays a crucial role in maintaining the ecological balance of
nature. Any harm to it can pose threat to entire ecosystem. Thus, it becomes
important to preserve flora and fauna.
World Day For Farmed Animals: 02nd October
Since 1983, the annual observance of World Day for Farmed Animals (WDFA) on
October 2nd (Gandhi’s birthday) has been offering people of conscience an
opportunity to memorialize and mourn these innocent lives. The day is organised by the International
animal welfare organization, World Animal Protection along with Asia for
Animals coalition to show the importance and urgency of farm animal welfare.
The day is dedicated to exposing the needless suffering and death of farmed
animals who are raised and slaughtered for food.
World Habitat Day 2022 observed on 3rd October
The United Nations observes the first Monday of October as World Habitat Day.
This year, World Habitat Day will be observed on October 3. The day calls to reflect on our towns,
cities, and the basic right of all to have adequate shelter. It serves as a
reminder that we can shape the future of the place we live in. This year’s theme is “Mind the Gap. Leave No
One and Place Behind”. The focus is on the growing inequalities and challenges
in cities and human settlements.
Department of Drinking Water and Sanitation Celebrates Swachh Bharat
Diwas
Department of Drinking water and sanitation (DDWS), Ministry of Jal Shakti
celebrated Swachh Bharat Diwas (SBD) on 2nd October 2022. The Swachh Bharat Diwas is celebrated to
commemorate the birth anniversary of Mahatma Gandhi. The Swachh Bharat Diwas is
inspired by one of the quotes of the father of the nation, "Cleanliness is
next to godliness". Swachh Bharat
Mission draws its strength from the people who made it into a Jan Andolan
ensuring Sampoorna Swachhta or complete sanitation. The Swachh Bharat Diwas was a day-long event
which was organized by the Department at Vigyan Bhawan.
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National News
Nuclear strike:
PM Modi speaks to Ukraine's Zelenskyy
Prime Minister Narendra Modi spoke to Ukraine's President
Volodymyr Zelenskyy over the phone call today and discussed the ongoing media
statement regarding the preparation of launching a tactical nuclear strike from
a bunker.
The Prime Minister Office said, "PM Modi reiterated his call for
early cessation of hostilities and the need to pursue the path of dialogue and
diplomacy."
“Russian President Vladimir Putin is 'preparing to make key decisions
about launching a tactical nuclear strike from a bunker' a long way outside
Moscow,” the media reported.
Putin -- who will be 70 years on Friday -- has warned his closest
family, including gymnast partner Alina Kabaeva (40), of the possibility of
rapid evacuation,” the Daily Mail reported.
It would include the prosecutor-general, the leadership of the Security
Council -- but not former president Dmitry Medvedev -- as well as key officials
from his presidential administration and three security and spy services, the
FSB, FSO, SVR with their families.
Govt May Lift AFSPA
in 4 States After Naga Peace Pact
The uncertainty
around the culmination of the Naga peace process is one of the reasons that led
to the Armed Forces Special Powers Act (AFSPA) being retained in some parts of
Assam, Manipur, Nagaland, and Arunachal Pradesh for another six months,
according to government officials. The Ministry of Home Affairs (MHA) and
State governments had considerably reduced “disturbed areas” in Assam, Manipur,
and Nagaland. The AFSPA was applicable in the whole of Nagaland and Assam till
March 31. Under Section 3 of the Act, the State governments and the MHA have
concurrent powers to notify areas under the AFSPA. In Assam, the MHA was
issuing the “disturbed area” order till 2017. Since then Assam has been renewing
the notification every six months, the latest one issued on March 31. On
September 30, the MHA extended the AFSPA in parts of Nagaland and Arunachal
Pradesh for another six months.
National Mission for
Clean Ganga approved 14 projects worth Rs 1145 crore
The National Mission
for Clean Ganga (NMCG) has approved 14 projects worth Rs 1,145 crore. The
projects include the following aspects sewerage management, curbing industrial
pollution, and biodiversity conservation among others. The project was
approved at the 45th meeting of the executive committee under the championship
of G Asok Kumar, Director General, NMCG. The project includes eight
aspects related to sewerage management in five main stems Ganga basins states
of Uttrakhand, Uttar Pradesh, Bihar, Jharkhand, and West Bengal. In Uttar
Pradesh four sewerage management projects were approved. The sewerage
management projects include tapping of Assi drain in Varanasi by constructing a
55 MLD Sewage Treatment Plant (STP).
100 laboratories for
5G technology to be set up across India by Govt
100 laboratories for
5G technology: The government now intends to establish 5G laboratories around
the nation, a day after Prime Minister Narendra Modi announced the start of 5G
services in India at the Indian Mobile Congress. The Indian government
intends to establish 100 5G laboratories around the nation, according to
Ashwini Vaishnaw, the Union Minister for Communications, Electronics, and
Information Technology. It is not uncommon for telecom carriers to run 5G
laboratories. Orange Jordan has opened the Orange 5G Lab at Orange Digital
Village in Abdali to investigate novel applications of this technology and
offer pertinent training.
States News
Telangana government
launched ‘Aasara’ pension for poor
The Telangana
government has introduced 'Aasara' pensions as a part of the state's welfare
measures and social safety net strategy. The 'Aasara' pensions aim to secure
life for all the poor. It is a welfare scheme for the older section of
the state, widows, physically disabled, and beedi workers to avail pension
facilities. Under the Asif Nagar Mandal jurisdiction 10,000 new Aasara pensions
have been sanctioned. The Aasara pension scheme was launched on 8th
November 2014 by the Government of Telangana. The scheme provides
pensions to old people, windows, patients suffering from elephantiasis or AIDS,
physically disabled persons, beedi workers, and single women.
Kerala's Pullampara
named first fully digital literate panchayat
The Pullumpara
village panchayat in the Thiruvananthapuram district, Kerala achieved the
distinction of becoming the first totally digitally literate panchayat in the
country. The announcement was made by chief minister Pinarayi Vijayan at a
public event. The mission to achieve total digital literacy was aimed at
empowering the residents to get access to over 800 government services
available through the online mode. The residents were also trained to use
social media platforms and basic banking services during the training.
Appointments News
Senior bureaucrat
Ajay Bhadoo appointed as Deputy Election Commissioner
Senior bureaucrat,
Ajay Bhadoo has been appointed as the Deputy Election Commissioner as part of a
senior-level bureaucratic reshuffle effected on Sunday by the Centre.
Bhadoo, a 1999 batch Indian Administrative Service (IAS) officer of the Gujarat
cadre, has been appointed to the post up to July 24, 2024. The Appointments
Committee of the Cabinet approved the senior bureaucrat's candidature.
Akash Tripathi, a 1998 batch IAS officer of Madhya Pradesh cadre, has been
appointed as the Chief Executive Officer (CEO), MyGov, Ministry of Electronics
& Information Technology. Basant Garg, a 2005 batch IAS officer of
Punjab cadre, has been named Additional CEO, National Health Authority under
the Department of Health & Family Welfare. Lochan Sehra, a 2002 batch
IAS officer of Gujarat cadre, will be joint secretary, Indian National Space
Promotion and Authorisation Centre (IN-SPACe), Ahmedabad for a tenure of five
years.
INTERNATIONAL
Musk said to go ahead with $54.20 a share Twitter deal: Report
Elon Musk and Twitter were set to enter the courtroom this month, with
Twitter seeking an order directing Musk to close the deal at $54.20 per share.
Billionaire Elon Musk is expected to propose going ahead with his
takeover of Twitter Inc at $54.20 per share, a Bloomberg news reporter tweeted
on Tuesday.
Twitter shares weere up 12.7% at $47.93 before trading was halted for
the second time.
Twitter and Musk's lawyers were not immediately available for a comment.
Musk and Twitter were set to enter the courtroom this month, with
Twitter seeking an order directing Musk to close the deal at $54.20 per share.
Musk agreed in April to buy Twitter for $44 billion, but within weeks
said the number of bot accounts was much higher than Twitter's estimate of less
than 5% of users.
North Korea conducts longest-range missile test yet
over Japan
uclear-armed North
Korea test-fired a ballistic missile farther than ever before on Tuesday,
sending it soaring over Japan for the first time in five years and prompting a
warning for residents there to take cover.
U.S. President Joe
Biden and Japanese Prime Minister Fumio Kishida spoke by phone and condemned
the test in the "strongest terms," calling it a danger to the
Japanese people, and Biden
reinforced the "ironclad" U.S. commitment to the defence of Japan, the
White House said.
Agreements News
India signed an
agreement with Armenia to export missiles, rockets & ammunition
India will export
missiles, rockets, and ammunition to Armenia after the recent clashes between
Armenia and Azerbaijan. The missiles will also include Indigenous Pinaka
Multi-Barrel Rocket Launcher. India has signed this deal with Armenia to help
them to depend on the country against their neighbouring country
Azerbaijan. India signed an order for arms export through a
government-to-Government route through which the two nations inked
contracts. The government has not revealed the exact value of the
contract; however, it is estimated that India will supply weapons worth more
than Rs 2,000 crore. India will also export Indigenous Pinaka
Multi-Barrel Rocket Launcher. Pinaka has been developed by the Defence
Research and Development Organization (DRDO) and manufactured by indigenous
private sector firms.
Defence News
Domestically built
LCH Prachanda officially introduced in the IAF by Raksha Mantri
At a ceremony
conducted at Air Force Station, Jodhpur in Rajasthan, Defence Minister (Raksha
Mantri) Rajnath Singh officially admitted the locally produced Light Combat Helicopters
(LCH) Prachanda into the Indian Air Force (IAF). LCH would join the 143
Helicopter Unit after being inducted. Prachanda is the name given to LCH.
Speaking at the occasion, Mr. Rajnath Singh, Raksha Mantri stated that the
addition of Light Combat Helicopters (LCH) not only strengthens the Air Force's
combat capabilities but also represents a significant step towards the
achievement of Atmanirbhar Bharat.
Awards News
Valley of Words Book
Awards: 'Tagore & Gandhi' wins in English non-fiction
Anees Salim’s The Odd
Book of Baby Names (English fiction) and Rudrangshu Mukherjee’s Tagore &
Gandhi: Walking Alone, Walking Together (English non-fiction) were among the
eight that were adjudged the best books of the year at the ‘Valley of Words Book
Awards. The PFC-VoW Book Awards, currently in its sixth edition, is
considered one of the most comprehensive independent literary award programmes
in India.
The total listing of
the PFC-VoW E-book Award winners for 2022:
Hindi fiction: Khela
by Neelakshi Singh (Setu Publications). Hindi non- fiction: Jeete Ji
Allahabad by Mamta Kalia (Rajkamal Prakashan). Writings for younger
adults: Savi and the Reminiscence Keeper by Bijal Vachharajani
(Hachette). Writings/image books for kids: Aai and I by Mamta Nainy
(Pickle Yolk Books). Translation to Hindi: Yaadon Ke Bikhre Moti: Batware
ki Kahaniyan by Aanchal Malhotra, translated by Brig Kamal Nayan Pandit
(HarperCollins). Translation to English: Amader Shantiniketan by Shivani,
translated by Ira Pande (Penguin Random Home).
The Nobel Prize In
Physics 2022 Announced
The Royal Swedish
Academy of Sciences announced, the Nobel Prize in Physics 2022 was awarded to
Alain Aspect (France), John F. Clauser (USA) and Anton Zeilinger (Austria) for
their work on quantum mechanics. The 2022 Nobel Prize in Physics has been
awarded “for experiments with entangled photons, establishing the violation of
Bell inequalities, and pioneering quantum information science,”. The
Nobel Prize for Physics is awarded, according to the will of Swedish inventor
and industrialist Alfred Bernhard Nobel, “to those who, during the preceding
year, shall have conferred the greatest benefit on mankind” in the field of
physics. It is conferred by the Royal Swedish Academy of Sciences in Stockholm.
Economy News
Inflation Likely to
come down to 5.2% Owing to Normal Rains, Ease in Supplies: RBI report
Reserve Bank of India
(RBI) is expecting retail inflation to come under control at 5.2 per cent in
FY24, down from the 6.7 per cent forecast for FY23, revealed the banking
regulator in its 'Monetary Policy Report September 2022’. In addition to
this, RBI has also cut India's GDP growth forecast for FY23 to 7 per cent from
its earlier projection of 7.2 per cent.
Schemes News
Fit India Freedom Run
3.0 introduced by Anurag Singh Thakur and Kiren Rijiju
Fit India Freedom Run
3.0: In honour of Gandhi Jayanti, Fit India Freedom Run 3.0 was officially
introduced at the Major Dhyanchand National Stadium in New Delhi. The
third edition of Fit India Plog Run, one of the largest national activities
initiated by the Government of India at the height of the Covid-19 epidemic in
2020, was jointly introduced by Union Ministers of Law and Justice Shri Kiren
Rijiju and Shri Anurag Singh Thakur.
YUVA 2.0 programme to
encourage aspiring writers introduced by PM
YUVA 2.0 programme:
The Prime Minister's Scheme for Mentoring Young Authors, known as YUVA 2.0
(Young, Upcoming and Versatile Authors), was launched by the Department of
Higher Education of the Ministry of Education on October 2. In order to promote
India and Indian literature abroad, it is an author mentoring programme for
young and aspiring writers (under 30 years old). YUVA 2.0 aims to
artistically and ingeniously emphasise the viewpoints of the younger generation
of authors on the issue of "Democracy (institutions, events, people,
constitutional ideals - past, present, future)" as part of the India@75
Project (Azadi Ka Amrit Mahotsav).
Summits and
Conferences News
SC-ST hub conclave
hosted by Ministry of MSME in Gujarat
SC-ST hub conclave :
The Ministry of MSME hosted the National SC-ST Hub Conclave in Ahmedabad,
Gujarat, to raise awareness of the National SC-ST Hub Scheme and other Ministry
programmes. Dr. Kirit Premjibhai Solanki, a member of parliament and
chairman of the parliamentary standing committee on the welfare of scheduled
castes and scheduled tribes, as well as other important dignitaries, attended
the conclave.
Sports News
FIBA Women’s
Basketball World Cup: USA beat China to secure 11th world title
The United States
defeated China (83-61) to win the International Basketball Federation (FIBA)
Women’s Basketball World Cup at the Sydney Superdome, Australia. The Americans
bagged their fourth title in a row and 11th in total and have also sealed a
spot at the Paris 2024 Olympic Games. A'Ja Wilson and Chelsea Gray were
the star performers for the US. Wilson contributed 19 points and five rebounds
while compatriot Gray got 10 points and an impressive eight assists.
National Games 2022:
U20 World Champion Antim Panghal wins wrestling gold
Antim Panghal, the
World under-20 champion, made an impressive debut at the National Games 2022 as
she won the gold medal in women's 53kg wrestling. Haryana's Antim Panghal,
who made history in August by becoming the first Indian to become U20 world
champion in women's wrestling, beat Priyanshi Prajapati of Madhya Pradesh by
fall in the final. Gujarat’s Hina Khalifa and Swati Sanjay of Maharashtra
won the bronze medals in the women’s 53kg. Meanwhile, Olympian gymnast
Pranati Nayak picked up two gold medals at the Sama Indoor Sports Complex in
Vadodara. The West Bengal gymnast collected her first gold – the uneven
bars – in the morning and rounded off her campaign by clinching the floor
exercise crown in the evening. In men’s 200m cycling, Ronaldo Singh,
David Beckham, and Esow Alben clinched the three podium finishes.
Formula-1 Racing:
Sergio Perez won Singapore F1 GP 2022
Red Bull’s driver,
Sergio Perez has won the Singapore Formula 1 Grand Prix 2022. Perez finished
7.5 sec ahead of Ferrari’s Charles Leclerc, who came at the second position.
Ferrari’s Carlos Sainz grabbed the third position. Perez’s teammate &
Italian GP 2022 winner Max Verstappen finished seventh in the race. Hamilton
secured ninth. Verstappen needed a win, and other results to go his way, to
become world champion for the second successive time.
Indian Skipper Rohit
Sharma becomes 1st Indian cricketer to play 400 T20s
Indian Skipper, Rohit
Sharma has achieved yet another milestone in his T20 career and has become the
first-ever Indian to play 400 T20s. The India captain has achieved the milestone
in the 2nd T20I of the series against South Africa in Guwahati. The first
Indian to hit a century in T20 cricket, Rohit had made his shortest format
debut for Mumbai against Baroda in April 2007. Among Indians, Rohit is followed
by Dinesh Karthik, who has played 368 T20s. MS Dhoni sits at the 3rd spot with
361 caps. Virat Kohli is playing his 354th T20. The list of players who
have donned most T20 caps is topped by Kieron Pollard, who has played 614
matches. He is followed by Dwayne Bravo, who has donned 556 caps. Shoaib Malik
(481), Chris Gayle (463), Sunil Narine (435), Ravi Bopara (429), Andre Russell
(428) and David Miller (403) sit ahead of Rohit.
ATP 250 Tel Aviv
Watergen Open: Rohan Bopanna & Matwe Middelkoop clinch Men's Doubles title
India's Rohan Bopanna
and Dutch player Matwe Middelkoop cruised to a 6-2, 6-4 victory over third
seeds Santiago Gonzalez and Andres Molteni in the doubles final of the
$1,019,855 ATP tennis tournament in Tel Aviv. It was the third title of
the season for the 42-year-old Bopanna, who had won the other two, early in the
season with Ramkumar Ramathan in Adelaide and Pune. The champion team collected
$50,000 and 250 ATP points, and the runner-up, $26,850 and 150 points.
Awards News
Indian American Dr
Vivek Lall receives Lifetime Achievement award in US
Vivek Lall, an
Indian-origin General Atomic Global Corporation Chief Executive is honoured
with the Lifetime Achievement Award by US President Joe Biden with the citation
of 'With Grateful Recognition'. This citation was given to Vivek Lall,
who has done a Ph.D. in Aerospace Engineering from Wichita State University in
Kansas, by the AmeriCorps and the office of the President.
Important Days
World Space Week 2022
observed on 4-10 October
World Space Week (WSW)
is observed every year from October 4 to 10, to celebrate science and
technology, and their contribution towards the betterment of the human
condition. World Space Week aims to help people gain a wider knowledge about
space outreach and education. This helps people around the globe
understand what benefits they can receive from space and how they can use space
for sustainable economic development. It also aims to celebrate and show public
support for space programs. The World Space Week 2022 theme is “Space and
Sustainability” focusing on achieving sustainability in space and achieving
sustainability from space. The theme is inspired by how sustainability in space
relates to how humanity uses space, most pressingly, the orbital area
surrounding Earth.
Miscellaneous News
Adani Green
commissioned world’s largest wind-solar power plant
Adani Green Energy
Ltd (AGEL) has commissioned the world's largest wind-solar power plant of 600
MV capacity in Jaisalmer, Rajasthan. The plant has a power purchase
agreement with Solar Energy Corporation of India (SECI) at Rs 2.69/kWh for 25
years. The project consists of 600 MW solar and 150 MV wind plants.
In May 2022, AGEL operationalized India's first hybrid power plant with a
capacity of 390 MW in Jaisalmer. The commencement of the 600 MW plant
AGEL has a total operational generation capacity of 6.7 GW. This includes
an operational hydropower generation capacity of 1 GW, the largest in the
world. AGEL's total renewable portfolio goes up to 20.4 GW to reach its
vision of 45 GW capacity by 2030. 04102022
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NATIONAL
India supported 85% of its rural households during the pandemic: WB
World Bank (WB)
President David Malpass on Wednesday praised the Indian government’s support to
the poor during the COVID-19 pandemic, specifically lauding India's targeted
cash transfer programme. Malpass said, "Helped by digital cash transfers,
India managed to provide food or cash support to a remarkable 85% of rural
households." He urged other nations to adopt similar measures.
INTERNATIONAL
OPEC+ panel agrees to cut oil production by 2 million barrels/day
The panel of OPEC+
ministers on Wednesday agreed to cut oil production in member countries by two
million barrels/day. The supply-cut could cause a rise in crude oil prices that
have dropped to about $90/barrel from $120/barrel three months ago on fears of
a global recession. United States of America had suggested OPEC to not proceed
with the cuts.
SpaceX & NASA launch crew of 4, including a Russian cosmonaut, to ISS
SpaceX on Wednesday
launched its Crew Dragon capsule from NASA's Kennedy Space Centre in US'
Florida to take two American and one Japanese astronaut and one Russian
cosmonaut to the International Space Station (ISS). The capsule was launched
using SpaceX's Falcon 9 rocket at 9:30 pm (IST). The rocket's reusable
lower-stage booster landed back safely on a drone recovery vessel.
Video shows new 70,000-square feet Hindu temple inaugurated in Dubai
Industrialist Anand
Mahindra shared the video of the Hindu Temple of Dubai, which was officially
inaugurated on Wednesday. "I believe this magnificent temple was formally
inaugurated today. Auspicious timing. Will make sure to visit it on my next trip
to Dubai," he wrote. The 70,000-square feet temple, located in Jebel Ali,
has 16 deities.
Who are the only 5 people to win the Nobel Prize twice?
American chemist
Karl Barry Sharpless, who was awarded the Nobel Prize in Chemistry on
Wednesday, and in 2001, is the fifth individual to be awarded two Nobel Prizes.
Besides him, Nobel Prize laureates John Bardeen, Marie Skłodowska-Curie, Linus
Pauling and Frederick Sanger have won two Nobel Prizes each. Curie became the
first person to receive two Nobel Prizes in 1911.
You have 50 mins until your life changes: Nobel Committee to winner at
1:53 am
The Nobel Prize
Committee called Stanford University Professor Carolyn Bertozzi at 1:53 am to
inform her about her win. "You have 50 minutes to collect yourself and
wait until your life changes," the Nobel Committee told her. Carolyn,
Morten Meldal and Karl Barry Sharpless jointly won the Nobel Prize in Chemistry
for the development of click chemistry and bioorthogonal chemistry.
Indian-origin Vivek Murthy to represent US on WHO Executive Board
Indian-origin Dr
Vivek Murthy has been nominated by US President Joe Biden to serve as the
country's representative on the World Health Organisation's (WHO) Executive
Board. The White House said Dr Murthy will continue his duties as the US
Surgeon General alongside his new position. In March 2021, Dr Murthy was
confirmed the US' 21st Surgeon General.
BANKING, BUSINESS
AND ECONOMY
WTO slashes global 2023
trade growth forecast to 1% as recession looms
Forecast lowered from 3.4% as recession looms
ndia’s
merchandise exports could face major headwinds next year with the World
Trade Organization
(WTO) slashing its forecast for global trade volume growth to 1 per cent from
3.4 per cent estimated earlier, citing increasing downside risks.
The
Geneva-based multilateral body said on Wednesday that world trade may lose
momentum in the second half of 2022 and remain subdued in 2023 as multiple
shocks weigh on the global economy.
“If the
current forecast is realised, trade growth will slow sharply but remain
positive in 2023. It should be noted that there is a high degree of uncertainty
associated with the forecast due to shifting monetary policy in advanced
economies and the unpredictable nature of the Russia-Ukraine war,” it added.
However, the WTO revised upward its merchandise
trade growth forecast for 2022, to 3.5 per cent from its April estimate of 3
per cent.
Sugar exports up 57% to
record 10.98 mn tonnes; cane arrears at Rs 6k cr
India's
sugar exports rose 57% to 109.8 lakh tonnes during 2021-22 marketing year ended
September, resulting in foreign currency inflow worth about Rs 40,000 crore
India's sugar exports rose 57 per cent to
109.8 lakh tonnes during 2021-22 marketing year ended September, resulting in
foreign currency inflow worth about Rs 40,000 crore into the country, the
government on Wednesday said.
Sugarcane
arrears to farmers stood at only Rs 6,000 crore at the end of 2021-22 marketing
year (October-September) as mills have already paid Rs 1.12 lakh crore to
farmers out to total payable amount of Rs 1.18 lakh crore.
JSW Energy to install 960 MW hydro pump storage project in Maharashtra
JSW Energy has
signed an agreement with the Maharashtra government to establish a 960-megawatt
hydro pump storage project in Raigarh district. JSW's statement said that hydro
pump storage is a well-established technology that provides adequate peaking
power reserves, reliable grid operation, energy balancing and storage capacity.
JSW did not reveal any financial details of the project.
India will overtake US as Unilever's 'largest business': HUL CEO
During an
interview, Hindustan Unilever's (HUL) CEO and MD Sanjiv Mehta said that India
will overtake the US as Unilever's 'largest business'. "I clearly see a
day when HUL will become the largest Unilever business," he said, adding
that he could not give a timeframe. According to company data, HUL currently
accounts for about 10.7% of Unilever group sales.
OBITUARY
Savita, 1st Indian woman to climb Mt Everest & Makalu in 16 days, dies in
U'khand avalanche
Savita Kanswal,
first Indian woman to climb Mount Everest and Mount Makalu in 16 days, was
among those killed when an avalanche struck a group of trainee mountaineers and
instructors from Nehru Institute of Mountaineering in Uttarakhand’s Uttarkashi
on Tuesday. The 26-year-old was an instructor at the institute and had scaled
Mount Everest and Mount Makalu in May this year.05102022
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