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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.” 


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.






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.


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.



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.



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.



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.



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.





 03rd October 2022




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.




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 yearonyear 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 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.




04th October 2022

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.


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



05 OCTOBER 2022


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.


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.



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.

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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