IBPS RRB PO IBPS PO SBI PO CURRENT AFFAIRS SNIPPETS OCTOBER 8 AND 9 2022
CURRENT AFFAIRS SNIPPETS
08th & 9TH October
2022
NATIONAL
NEWS
Government to commence FY24 budget making
exercise on Monday
The government will
begin its annual budget-making exercise for financial year 2023-24 on Monday.
The meeting would start with consultations with various ministries and
departments on the revised estimates (RE) of expenditure for ongoing financial
year and the fund requirement for 2023-24. Most of these discussions would
be chaired by the Finance Secretary and Expenditure Secretary.
Was surprised: Pankaj on Election Commission
making him national icon
Actor Pankaj
Tripathi revealed he was surprised after he was named the national icon by the
Election Commission of India. Pankaj added the Election Commission noticed that
he's eager to take forward "the message of the importance of
democracy". "It's for the love of democracy which has pushed me to
contribute and it was acknowledged with the tag," he stated.
Ex-CJI K.G. Balakrishnan to head Commission to inquire into demand for SC
status to non-Hindu Dalits
The Union Government has appointed a three-member commission, headed by former
Chief Justice of India K G Balakrishnan, to consider the possibility of
granting SC status to “new persons who have historically belonged to the
Scheduled Castes’’ but have converted to religions other than Hinduism,
Buddhism and Sikhism. According to a
notification issued by the Union Ministry of Social Justice and Empowerment,
the commission will also include retired IAS officer Dr Ravinder Kumar Jain and
UGC member Prof (Dr) Sushma Yadav as members.
The commission will have to submit its report to the Ministry in two
years, it said. The Government’s move to set up a national commission to study
the social, economic and educational status of members of SCs who have
converted mainly to Islam and Christianity.
Mohit Bhatia named CEO of Bank of India Mutual Funds
Mohit Bhatia- New CEO of Bank of India Mutual Funds: The appointment of Mohit
Bhatia as CEO of Bank of India Investment Managers Private Ltd (Bank of India
Mutual Funds) has been made public. In the fields of sales and distribution,
team development, marketing & branding, and the creation of digital
eco-systems, Bhatia has more than 26 years of professional expertise. Mohit Bhatia 's most recent position was head
of sales and marketing at Canara Robeco Asset Management Company Ltd. The Bank of India Mutual Funds firm achieved
50,000 crores in assets under management (AUM) during his leadership.
INTERNATIONAL
NEWS
OPEC oil cuts 'unhelpful & unwise' for
global economy: Janet Yellen
US Treasury
Secretary Janet Yellen called the decision of the OPEC+ to cut oil production
"unhelpful and unwise" for the global economy. Speaking to the
Financial Times, Yellen said, "We're very worried about developing
countries and the problems they face." She added that keeping prices low
was particularly helpful for countries suffering due to high energy prices.
Meta to notify Facebook users against apps
stealing login details
Facebook's parent
company Meta said that it has identified more than 400 apps which stole login
credentials of users. "We are also alerting people who may have
unknowingly self-compromised their accounts by downloading these apps and
sharing their credentials," Meta said. It said that Google and Apple had
been notified about these malicious apps available on their app stores.
BANKING, BUSINESS AND ECONOMY
SBI lines up NPAs over ₹746 crore for
sale in October and November
The State Bank of
India has put various non-performing assets (NPAs) up for sale in October and
November, including the fraud account of Sintex-BAPL, to recover over ₹746
crore. NPAs will be offered to asset reconstruction companies/financial
institutions, banks or Non-Banking Financial Companies. The auction will include
accounts of Sintex-BAPL, Surat Hazira NH6 Tollway and Shreebhav Polyweaves.
India, Taiwan should consider finalising
FTA at the earliest: Taiwanese envoy
Taiwan's de-facto
Ambassador Baushuan Ger said that India and Taiwan should finalise the proposed
free trade agreement (FTA) as soon as possible to remove barriers for trade and
investment. Ger said Taiwan is keen to share its expertise with India in
sectors like semiconductors, 5G, information security and AI. He reaffirmed
Taipei's focus on supporting the rules-based international order.
Foreign investors invest ₹2,400 crore in
Indian equities in first week of October
According to data
from the depositories, foreign portfolio investors (FPI) have invested a net
₹2,440 crore in the domestic equity markets in the first week of October. FPI
flow is expected to remain volatile in the coming months on a slew of global
and domestic factors, experts said. FPIs had withdrawn over ₹7,600 crore last
month.
IDBI Bank buyers need MHA clearance in 1st
stage of bidding
The central
government has mandated that interested buyers of IDBI Bank will have to seek
security clearance from the Ministry of Home Affairs (MHA) during the first
stage of the bidding process. The government and LIC will together divest a
60.72% stake in the lender. Interested parties will have to certify that no
regulatory authority's investigation is pending against them.
India will stand out with 7% growth rate in
FY23: EAC member
A member of the
Economic Advisory Council to the PM, Sanjeev Sanyal, on Sunday said, "We
are...entering an environment where many countries...will be facing much slower
growth or even slipping into recession." "Under those circumstances,
India's performance will stand out as being perhaps...strongest of any major
economy in...world with around 7% GDP growth rate in current fiscal year,"
he added
Govt Pushes IDBI Bank Disinvestment Process
After facing challenges in the plan to privatise IDBI Bank, the government has
asked the Reserve Bank of India to consider tweaking the promoter criteria that
may bring a wider pool of bidders for public sector banks. There are currently
12 public sector banks. The bank
privatisation has come a cropper because RBI's norms are clear that no existing
bank can promote a new bank, and the same promoter cannot promote another bank,
a source said. "This has limited the pool of possible bidders and the
government wants RBI to take a relook. The
Budget for 2021-22 (Apr-Mar) had proposed privatising two public sector banks
and one general insurance company. Privatisation of public sector banks will
require legislative amendments. The Banking Laws (Amendment) Bill 2021,
which was listed for business in the Winter session last year, has
not yet been introduced in Parliament due to protests by bank unions.
RBI to start a pilot programme for Digital Rupee
Pilot programme for Digital Rupee: The Reserve Bank of India (RBI) said that it
will shortly start restricted test launches of the digital rupee for particular
use cases. The concept paper was made public as part of an experiment with
digital money in India. The Reserve Bank of India (RBI) is currently developing
a phased deployment plan while investigating the advantages and disadvantages
of a central bank digital currency. Additionally,
the central bank stated that the Concept Note on Central Bank Digital Currency
was published to raise awareness about Central Bank Digital Currency (CBDC) in
general and the proposed features of the Digital Rupee. According to the Reserve Bank of India
(RBI)'s concept paper on Central Bank Digital Currency (CBDC), application
cases for an electronic rupee are being looked at in a way that causes little
to no interruption to the financial system. The Central Government said in
February that a digital rupee will be introduced during the current fiscal
year.
World
Bank slashes India's economic growth forecast to 6.5% for FY23
The World Bank cut its 2022-23 (FY23) real gross domestic product (GDP)
growth forecast for India to 6.5%, from an earlier estimate of 7.5%, while
warning that spillovers from Russia's invasion of Ukraine and global monetary
tightening will weigh on the economic outlook.
In its twice-a-year report on South Asia, the World Bank said,
"Private investment growth is likely to be dampened by heightened
uncertainty and higher financing costs." The international financial
institution also noted that slowing global demand will impact the country's
exports. This is the third time the World Bank has revised its GDP growth
forecast for India in FY23. In June, it had slashed its FY23 GDP growth
forecast for India to 7.5%. Earlier in April, it had trimmed the forecast from
8.7% to 8%.
Ranks and Reports News
56 Million Indians may have turned Poor in 2020 due to pandemic: World
Bank
About 56 million Indians may have plunged into extreme poverty in
2020 as a result of the pandemic, increasing the global tally by 71 million and
making it the worst year for poverty reduction since World War II,
according to fresh estimates by the World Bank.
“The global goal of ending extreme poverty by 2030 is likely to be
missed: By then, about 600 million people will remain in abject poverty. A
major course correction is needed,” Indermit Gill, chief economist at the World
Bank, tweeted. The World Bank in its latest “Poverty and Shared
Prosperity” made fresh estimates of poverty using a new extreme poverty line
based on the purchasing power parity (PPP) of $2.15, the earlier one being at
$1.9.
Schemes and Committees News
GoI named Delhi HC Judge Justice Dinesh Kumar Sharma as Presiding Officer
Of UAPA Tribunal
The government of India has appointed Justice Dinesh Kumar Sharma of the Delhi
High Court as the presiding officer of the tribunal for the Unlawful Activities
Prevention Act (UAPA), related to the ban on the Popular Front of India (PFI)
and its associates. Once an organisation
is banned under the provisions of UAPA, a tribunal is set up by the government
to adjudicate whether there are sufficient grounds for the decision. According to procedure, the Union Home
Ministry requests the Law Ministry to name a sitting judge of a High Court to
be the presiding officer, and the Law Ministry, in turn, requests the Chief
Justice of the concerned High Court to recommend a name. The Home Ministry will
now issue a formal notification naming Justice Sharma as presiding officer.
Cheetah Introduction Project Monitoring: Centre set up 9-member task
force
Cheetah Introduction Project Monitoring: The Center has established a Task
Force to oversee the introduction of cheetahs in Madhya Pradesh's Kuno National
Park and other suitably specified places.
The National Tiger Conservation Authority (NTCA) would support the
Cheetah Task Force's operations and provide all essential assistance. Principal
Secretaries of Madhya Pradesh's Forests and Tourism, as well as Dr. Amit
Mallick, Inspector General of the NTCA in New Delhi, will be among the task
force's nine members. The Task Force
will be active for two years, according to a statement from the Ministry of
Environment, Forests, and Climate Change.
As and when they want, this task group may designate a subcommittee to
visit the Cheetah introduction area on a regular basis.
Summits and Conferences News
5th Assembly of International Solar Alliance to be held in New Delhi
5th Assembly of International Solar Alliance: The curtain raiser for the 5th
Assembly of International Solar Alliance and associated side activities, which
will take place in New Delhi from October 17–20, 2022, was unveiled by Union
Minister for Power and New and Renewable Energy RK Singh. According to the Ministry of New and
Renewable Energy, India currently holds the position of President of the
International Solar Alliance (ISA) Assembly.
Energy access, energy security, and energy transformation are three
crucial problems that will be discussed at the ISA's 5th Assembly of
International Solar Alliance. The
strategic strategy of the ISA in programmatic assistance for LDC and SIDS
Member Countries, capacity building support to all developing Member Countries,
and analytics & advocacy help to all Member Countries will also be covered
by world leaders from ISA Member Countries.
There should be more agreement among nations to promote solar energy
following the 5th Assembly of International Solar Alliance. The energy transformation will be supported
by increased international collaboration, which will drive investment and
generate millions of new green jobs during this important decade of climate
action.
Awards News
Nobel Peace Prize 2022: Human rights campaigners in Ukraine, Russia and
Belarus awarded
Nobel Peace Prize 2022: Ales Bialiatski, a human rights defender from Belarus
who is now incarcerated, Memorial, a Russian human rights organisation, and
Center for Civil Liberties, a Ukrainian human rights organisation, have all
been jointly given this year's Nobel Peace Prize 2022. The Russian human rights organisation
Memorial is one of the two organisations to receive this year's Nobel Peace
Prize. The Memorial was ordered to close down during a wave of repression
against critical voices and refers to it as "the conscience of Russia
prohibited under Putin." During a time of unrest in Ukraine, the Center
for Civil Liberties was established in 2007 to advance democracy and human
rights there. The centre has stepped its
efforts to support Ukrainian civil society and put pressure on the government
to transform Ukraine into a fully fledged democracy and a state ruled by the
rule of law, according to Nobel committee head Berit Reiss-Andersen. The organisation has tried to compile
evidence of Russian war crimes committed against Ukrainian citizens since
Russia invaded Ukraine in February. When
it comes to bringing the guilty parties accountable for their misdeeds, the
centre is paving the way.
Important Days
Indian Air Force celebrates its raising day on 8th October
Indian Air Force was raised on October 8, 1932, and it is completing 90 years
today. The day and its observance is a matter of pride for Indians and inspire
a patriotic zeal among the citizenry for the air arm of the Indian Armed
Forces. The President of India is the
Commander-in-chief of the IAF. This time Air Force Day flypast is scheduled to
take place over Sukhna Lake in Chandigarh this afternoon. In a historic first, the parade and fly-past
of Air Force day have been moved out of the national capital region by the
Indian Air Force. President Draupadi Murmu and Defence Minister Rajnath Singh
will be present on this occasion. Indian Air Force was officially established
on 8 October 1932 by the British Empire as the Royal Indian Air Force.
World Migratory Bird Day 2022 celebrates on 8th October
Since its creation in 2006, World Migratory Bird Day has been commemorated
twice a year. It is supposed to be celebrated on the second Saturday of May and
the second Saturday of October. This year, it was previously celebrated on 14
May and for the second time, the world marks this day again today, 8 October. At least 4,000 different bird species travel
long distances, making up about 40% of the world’s bird population. The
purpose of World Migratory Bird Day is to increase public awareness on the
issues migrating birds encounter, their ecological importance, and the need for
global cooperation to safeguard them. They migrate in search of food. Twice a
year, these birds spend the winter in warmer regions before coming home to
reproduce.
World Cotton Day 2022 is celebrated on October 7
October 7 is celebrated each year as World Cotton Day. Year 2022 marks the
third-anniversary celebration of the international event. Below, we look at the
theme of this year’s celebration, its history and its significance. Cotton
fibre and cottonseed are two of the most heavily used plant products globally. India is one of the largest cotton producers
globally. It is a multipurpose plant chiefly used in the textile industry but
also in the medical sector, edible oil industry, animal feeds, and bookbinding,
among others. The theme for 2022’s celebration
of World Cotton Day appears to be “Weaving a better future for cotton,” as
apparent from the posters released by the Food and Agriculture Organisation of
the United Nations (FAO).
World Cerebral Palsy Day 2022: Theme, History & Significance
World Cerebral Palsy Day is observed on October 6. Cerebral Palsy is a lifelong
disability with no known cure. The day celebrates lives of 17 million people
living with Cerebral Palsy, bringing people living with cerebral palsy, their
families, allies, supporters and organisations across more than 100 countries
together. In 2012, Cerebral Palsy
Alliance created World Cerebral Palsy Day on October 6. The day aims to ensure
that children and adults with cerebral palsy have the same rights, access and
opportunities as rest of the world. The
Theme for World Cerebral Palsy Day 2022 is “Millions of Reasons”. This year’s
them highlights that there are 17 million people all over the world who are
suffering from the cerebral palsy disorder.
Obituaries News
Arun Bali, actor passes away
Arun Bali Death: Arun Bali, a seasoned actor best remembered for playing Kunwar
Singh in Swabhimaan, passed away on 7 October 2022 at the age of 79. The actor
passed away in Mumbai, according to various sources. On October 7, his final movie, Goodbye, was
released in theatres. In the Friday-released movie Goodbye, Arun Bali made his
final appearance. Arun Bali performed in
a number of movies and TV shows, notably the 1991 historical drama Chanakya, in
which he played King Porus. In the movie
Hey Ram, he also played Huseyn Shaheed Suhrawardy, the chief minister of West
Bengal (2000). Arun Bali 's performance
as Harshvardhan Wadhwa in Kumkum is well renowned. Arun Bali is well recognised for his parts in
films like Panipat, Kedarnath, and 3 Idiots.
8TH
AND 9TH OCTOBER 2022
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