IBPS RRB PO IBPS PO FEDERAL BANK CURRENT AFFAIRS SNIPPETS OCTOBER 10,2022

 

CURRENT AFFAIRS SNIPPETS

10th October,2022

 

National News

 

PM Modi: Mulayam’s demise big loss for country; he kept blessing me

 

Prime Minister Narendra Modi paid tributes to Mulayam Singh Yadav on Monday, saying the deceased Samajwadi Party founder had been so large-hearted that “until he stayed alive, he kept blessing me”.

“While I was coming here, I got the sad news that Mulayam Singh Yadav has passed away… His demise is a big loss for the country. I have a very special bond with Mulayam Singh.. When we used to meet as Chief Ministers — he and I— we felt a sense of belonging,” the prime minister said at Amod in Gujarat’s Bharuch district, where he laid the foundation for several development projects.

Finance Minister Sitharaman to attend IMF, World Bank annual meetings in US

Finance Minister Nirmala Sitharaman will attend the annual meetings of IMF and World Bank during her six-day visit to US, starting October 11. She will also attend the meetings of the G20 Finance Ministers and Central Bank Governors. The minister would also meet US Treasury Secretary Janet Yellen and World Bank President David Malpass separately.

Shiv Sena Uddhav faction gets new name, 'flaming torch' election symbol

The Election Commission (EC) has allotted the name 'Shiv Sena (Uddhav Balasaheb Thackeray)' and the 'flaming torch' symbol to former Maharashtra CM Uddhav Thackeray's faction for the Andheri East bypoll. The Eknath Shinde-led faction, which will fight the election under the name 'Balasahebanchi Shiv Sena', has been asked to submit a new list of symbols by 10 am on Tuesday.

Indian Navy's 1st Training Squadron arrives at Dubai's Port Rashid

Three ships of the Indian Navy's 1st Training Squadron (1TS) entered Dubai's Port Rashid on Monday as part of a long-range training deployment. INS Tir, INS Sujata and Coast Guard Ship Sarathi were received by India's Defence Attache and UAE Navy officials. "The deployment...is aimed at exposing...trainees to...conduct of various evolutions at sea and port familiarization," Defence Ministry said.

Centre launches 24x7 tele-mental health service 'Tele-MANAS' in 20 states, UTs

The Union Health Ministry on Monday launched a 24x7 tele-mental health service called Tele Mental Health Assistance and Networking Across States (Tele-MANAS) on the occasion of World Mental Health Day. The service will begin in 20 states and UTs and will subsequently be expanded across the country. The service can be accessed by calling helpline numbers 14416 and 1-800-891-4416.

NRI doctor donates her entire ₹20-crore wealth to Andhra government hospital

A US-based Andhra Pradesh native doctor has donated her entire wealth of ₹20 crore to a government hospital in her hometown of Guntur, reports said. Immunologist and allergy specialist Dr Uma Devi Gavini, who studied at Guntur Medical College in 1965, made the donation to Guntur Government General Hospital (GGH) recently.

 

IREDA celebrates "Cyber Jaagrukta Diwas"

To create cybersecurity awareness among all employees, Indian Renewable Energy Development Agency Ltd. (IREDA) observed the "Cyber Jaagrukta Diwas". On this occasion, Shri Alok Kumar, Information Security Consultant, AKS IT Services, shared his insights with IREDA employees on the practice of cyber hygiene.  Cyber Jaagrukta Diwas is an initiative launched by the Ministry of Home Affairs that requires all government organizations to spread cybersecurity awareness. It is observed on first Wednesday of every month. The purpose is to create awareness and sensitize the Internet users on safeguarding against cyber frauds and cybercrimes.

Chhattisgarh CM Bhupesh Baghel inaugurates Chhattisgarh Olympic

Chhattisgarh chief minister Bhupesh Baghel has inaugurated the state’s own Olympics. The aim is to provide a centerstage to the village level sports so that a feeling of pride for the culture is inculcated.  Secondly, to channelise the energy of the local youths which is very important for our society, Baghel inaugurated the grand multi-sport event at Balbir Singh Juneja Indoor Stadium in Raipur, claiming to revive the age-old-tradition of traditional games namely ‘langdi’, ‘bhaura’, ‘bati’ (kancha), and ‘pitthul’.  The event will continue till January 6, 2023 and as many as 14 types of traditional sports have been included in the team and individual categories of separate age groups.

 

INTERNATIONAL

 

Armed confrontation is not an option: Taiwanese Prez to China

Taiwanese President Tsai Ing-wen on Monday said that she wants to "make it clear" to authorities in China that "armed confrontation is absolutely not an option". She also said that it's "regrettable" that China has escalated military tensions and threatened the peace and stability in the Taiwan Strait and the region. Ing-wen made the remarks during her National Day address.

Taiwan's 'insistence on independence' root cause of tensions: China

The root cause of tensions in the Taiwan Strait is the Taiwanese government's "insistence on...independence", the Chinese foreign ministry said on Monday, adding that Taiwan is an inseparable part of China's territory. The remark came as a response to Taiwanese President Tsai Ing-wen's speech where she said that a war between Taiwan and China is "absolutely not an option".

 

Amazon-backed Rivian recalls nearly all its EVs; its shares fall 9%

Amazon-backed EV-maker Rivian on Friday recalled nearly all its 13,000 vehicles due to a possible loose fastener that could cause the driver to lose steering control. Following the recall, which sparked concerns that the EV-maker may not meet its 2023 production target, Rivian's shares fell about 9% on Monday. Rivian had cut its 2022 production target by half in March.

US recession likely in 6 to 9 months from now: JPMorgan CEO

America's largest bank JPMorgan Chase's CEO Jamie Dimon on Monday said that the US could tip into a recession in six to nine months from now. He cited runaway inflation, big interest rate hikes and the Russian invasion of Ukraine as the indicators of a potential recession. He also cited the unknown effects of the US Fed's quantitative easing policy.

'Unacceptable escalation': UN chief on Russian strikes across Ukraine

UN chief Antonio Guterres has condemned Russian missile strikes that hit multiple Ukrainian cities on Monday, calling it an "unacceptable escalation of the war", according to his spokesperson. "The Secretary-General is deeply shocked by today's large-scale missile attacks," the spokesperson added. Ukraine claims that Russia fired at least 75 missiles as part of the widespread strikes

Financing Platform Launched by IFC in response to Global Food Crisis

Financing Platform Launched by IFC: The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has introduced a new, $6 billion funding facility to boost the private sector's capacity to respond to the Global Food crisis and aid in food production in response to mounting food insecurity.  Rising levels of hunger and malnutrition (Global Food Crisis) have already been made worse by climate change and increasingly extreme weather events that are destroying harvests and lowering yields. The conflict in Ukraine and an unequal worldwide recovery from the COVID-19 pandemic have exacerbated to this trend.  Using the $6 billion and IFC (International Finance Corporation)'s sectoral experience in agribusiness, manufacturing, infrastructure, technology, the financial industry, and trade financing, private sector businesses along the food value chain will be supported.  The Financing Platform Launched by IFC (International Finance Corporation) will add to the World Bank 's $30 billion pledge to address the food crisis.

 

Appointments News

Indian Cricketer Smriti Mandhana unveiled as Gulf Oil India ambassador

Indian cricket star Smriti Mandhana has signed on as a brand ambassador of lubricant manufacturer Gulf Oil India. India women’s vice-captain joins current men’s cricket ace Hardik Pandya and former captain Mahendra Singh Dhoni as an ambassador for the company.  Through the partnership, Gulf Oil stated that it aims to ‘celebrate women power’ and ‘inspire female audience in the country’, while also honouring the achievements of Indian women cricketers. With this association, Gulf Oil claims to have become the first company in the lubricant space to appoint a woman cricketer as ambassador to represent the organisation and its ethos.

BANKING,  BUSINESS ,   ECONOMY

TCS reports net profit of ₹10,465 crore in Q2 FY23

TCS announced its results for the quarter ended September 2022, reporting a consolidated net profit of ₹10,465 crore at a year-on-year growth of 8.41%. TCS said the revenue from operations grew by 18.01% year-on-year to ₹55,309 crore, while revenue grew 4.83% compared to the previous quarter. In constant currency terms, the company saw a 15.4% year-on-year growth in revenue.

Adani Ports gets NCLT nod to acquire remaining 58.1% stake in Gangavaram Port

Adani Ports and Special Economic Zone (APSEZ) received approval from the NCLT to acquire the remaining 58.1% stake in Gangavaram Port Limited (GPL) via the composite scheme of arrangement. The acquisition involves 517 million shares at ₹120 per share amounting to ₹6,200 crore and will be done through a share swap arrangement. GPL is located next to Vizag Port.

Expect trade with India to cross $100 billion in 2 to 3 years: UAE

UAE's foreign trade minister Thani Bin Ahmed Al Zeyoudi said the UAE expects trade with India to cross $100 billion following the comprehensive economic partnership agreement signed in May 2022. The Indo-UAE trade stood at $73 billion, growing by 68% from last year. The total value of non-oil trade stood at $29.5 billion in first half of 2022.

Indian space economy to reach $13 bn by 2025: Report

India's space economy is expected to be worth nearly $13 billion by 2025, according to a report released by the Indian Space Association (ISpA) and Ernst and Young. The satellite launch services segment will witness the highest growth due to government allowing participation of private players, the report added. In 2020, India's space economy was pegged at $9.6 billio

 

Former Indian cricketer MS Dhoni launches Made-in-India ‘Droni’ camera drone

Former Indian cricket Mahendra Singh Dhoni has launched the made-in-India camera drone named 'Droni' with advanced features manufactured by Garuda Aerospace.  Dhoni is the brand ambassador of Garuda Aerospace, a company which has attempted to offer drone solutions for agricultural pesticide spraying, solar panel cleaning, industrial pipeline inspections, mapping, surveying, public announcements, and delivery services. It has ventured into the consumer drone market with 'Droni'.

Ease of Doing Business : DPIIT conducts National Workshop

In New Delhi, the Department for Promotion of Industry and Internal Trade (DPIIT) held a national workshop on the topic of "Ease of Doing Business." Shri Parameswaran Iyer, CEO of Niti Aaayog, gave the keynote speech at the workshop.  The vision of Prime Minister Shri Narendra Modi for ease of living and Ease of doing Business was also discussed by Shri Iyer.  By learning from one another, he stated, the whole of government approach should be achieved.  The prominent panellists emphasised the significance of coordination between the federal and state governments, responsibility distribution among the nodal departments, and effective monitoring as a few pillars that contributed to India's improvement in the World Bank's Doing Business Report rankings.

RBI Launches Concept Note To Create Awareness About Central Bank Digital Currency (CBDC)

The Reserve Bank Of India(RBI) has released a concept note on the Central Bank Digital Currency (CBDC). The CBDC is a digital form of currency notes issued by a central bank. While most central banks across the globe are exploring the issuance of CBDC, the key motivations for its issuance are specific to each country's unique requirements.  This Concept Note explains the objectives, choices, benefits and risks of issuing a CBDC in India, referred to as e-₹ (digital Rupee). The e-₹ will provide an additional option to the currently available forms of money. It is substantially not different from banknotes, but being digital it is likely to be easier, faster and cheaper. It also has all the transactional benefits of other forms of digital money.

Gross direct tax collection increases by over 23 % to Rs 8,98,000 crore in current financial year

The gross direct tax collections has increased by over 23 per cent to eight lakh ninety eight thousand crore rupees in the current financial year as compared to last year. Finance Ministry said, the provisional figures of direct tax collections still  continue to register steady growth.  In order to garner income for the government to finance social projects, tax is collected from individuals and corporations via direct tax and indirect tax. These two tax collections form the government's revenue. Revenue receipts can be of two types — non-tax revenue and tax revenue. Tax revenue is the income gained by the government through taxation.  Tax revenue forms a part of the Receipt Budget, which in turn is part of the Annual Financial Statement of the Union Budget. Union Budget keeps the account of the government's finances for the fiscal year that runs from April 1 to March 31. Union Budget is classified into Revenue Budget and Capital Budget.

Sports News

PhonePe founders acquire Mumbai team in Prime Volleyball League

Payments startup PhonePe Co-founders Sameer Nigam and Rahul Chari have acquired the Mumbai Meteors franchise in the Prime Volleyball League (PVL). Former Indian volleyball team captain Abhijit Bhattacharya has been appointed as the General Manager of the Mumbai Meteors. Sameer Nigam said that he is a regular volleyball player and is excited about this opportunity.

 

Formula-1 Racing: Red Bull driver Max Verstappen wins F1 Japanese Grand Prix

Red Bull driver Max Verstappen was declared Formula One world champion after winning a dramatic rain-shortened Japanese Grand Prix. This was the 25-year-old Dutchmans second championship in a row, which he won with four races to go.  Red Bull's Verstappen crossed the line first and he was then awarded the title when second-place finisher Charles Leclerc was given a five-second penalty, dropping him to third.

Harmanpreet Singh and Felice Albers named FIH Player of the Year

India men’s hockey team defender and vice-captain Harmanpreet Singh has been voted the FIH Player of the Year for the second year running. The 26-year-old became just the fourth player to win the Player of the Year award (men’s category) in consecutive years, joining an elite list that includes Teun De Nooijer (Netherlands), Jamie Dwyer (Australia) and Arthur van Doren (Belgium).  In women's category: Felice Albers of Netherlands was named the FIH Player of the Year. The 22-year-old became the youngest winner of the FIH Player of the Year award (women’s category) since Germany's Natascha Keller (1999) and second youngest ever, since the inception of the awards in 1998.

Pankaj Advani wins his record 25th World title in Kuala Lumpur

Indian cueist, Pankaj Advani defended his World Billiards Championships (150-up) title for the 5th time, beating compatriot Sourav Kothari in the best-of-7 frames final at the High End Snooker Club in Kuala Lumpur, Malaysia for a record 25th title at the global level.  Pankaj's last world title came over 12 months ago in Qatar where he won the IBSF Six-Red Snooker World Cup.

Important Days

World Mental Health Day 2022 Observed on 10 October

World Mental Health Day is observed on October 10 every year. On this day, various programs are designed to draw attention to mental health issues and their effects on those affected and the lives of their caregivers.  In India, World Mental Health Day is marked on the final day of the Mental Health Awareness Campaign Week campaign, launched last year by the Ministry of Health and Family Welfare.  The theme or rather the slogan for 2022’s celebration of World Mental health Day is “Make mental health & well-being for all a global priority.” World Health Organisation (WHO) mentions that before the COVID-19 pandemic, about one in eight people worldwide suffered from mental issues.  World Federation for Mental Health (WFMH) is a non-governmental organisation founded in 1948. The then WFMH Deputy Secretary General Richard Hunter initiated the first celebration of World Mental Health Day on October 10, 1992. From 1994 onwards, a special theme was selected each year for the global event.

World Post Day 2022 celebrates on 9th October

World Post Day is celebrated each year on 9 October, the anniversary of the establishment of the Universal Postal Union in 1874 in the Swiss Capital, Bern.  This day celebrates the role of the post in people's and businesses' everyday lives. It was declared World Post Day by the UPU Congress held in Tokyo, Japan in 1969. Since then, countries across the world participate annually in the celebrations. The Posts in many countries use the event to introduce or promote new postal products and services.  The theme for World Post Day 2022 is 'Post for Planet'. The Post is the world's largest logistics network. Every year, more than 150 countries celebrate World Post Day in a variety of ways. In certain countries, World Post Day is observed as a working holiday.

Indian Foreign Service (IFS) Day celebrates on October 9

October 9 is celebrated as Indian Foreign Service Day. On 9 October 1946, the Indian government established the Indian Foreign Service for India's diplomatic, consular and commercial representation overseas.  Indian Foreign Service (IFS) will grow from strength to strength in the coming years and will help advance India's interests globally, said External Affairs Minister (EAM) S Jaishankar as he greeted the members of foreign service on the IFS Day 2022.  The history of the Service and this day goes back to September 1946, when, on the eve of India’s Independence, the Government of India decided to create a service called the Indian Foreign Service for India’s diplomatic, consular and commercial representation overseas.

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