IBPS RRB PO SBI CBO IBPS PO CURRENT AFFAIRS SNIPPETS OCTOBER 26. 2022

CURRENT AFFAIRS SNIPPETS

26th October 2022

 

 

NATIONAL

Kerala Guv accuses minister KN Balagopal of sedition, seeks action; CM refuses

Kerala Governor Arif Mohammed Khan has written a letter to CM Pinarayi Vijayan seeking action against minister KN Balagopal, stating that Balagopal has ceased to enjoy his "pleasure". Khan's action came after he apparently took exception to certain remarks made by Balagopal at a university function in Kerala, which Khan termed "seditious". CM Vijayan, however, has rejected Khan's demand.

Odisha’s Jeypore Airport gets license from DGCA 

The Directorate General of Civil Aviation (DGCA) granted Jeypore Airport the license to carry out commercial flight operations under the regional connectivity scheme.  The Ministry of Civil Aviation has described it as a milestone. The airport is 33km northwest of Koraput town and 500km southwest of Bhubaneswar.  The DGCA granted a license to Jeypore Airport to carry out commercial flight operations.  The Jeypore Airport of Odisha gets a license to carry out scheduled air operations under the UDAN.  The license authorizes the aerodrome to be used as a regular place of landing and departure.
The license would be liable to suspension, modification, or withdrawal of the provisions of the aircraft act, and the aircraft rules were violated.

Karnataka cabinet increased reservation for SC, ST community

The Karnataka cabinet decided to promulgate an ordinance to raise reservations for Scheduled Caste (SCs) by 2 percent and for Scheduled Tribe (STs) by 4 percent. The Karnataka cabinet is chaired by Chief Minister Basavaraj Bommai.  The decision by the Karnataka government aims to uplift the ST/SC community in the state and provide adequate opportunities in the education and employment sector.  The files related to the reservation will be submitted to Governor Thaawar Chand Gehlot for approval.  The hike in the reservation will benefit the 103 communities classified as SCs and 56 communities among STs.  The initiative to increase the reservation for SC/STs by the state government implies that reservation will cross the Supreme Court's 50 percent limit and go up to 55 percent in Karnataka.

Trees Beyond Forests initiative launched in Assam

Trees Beyond Forests initiative: The "trees outside forests in India (TOFI)" programme was introduced by the Assam government and the US Agency for International Development (USAID)with the goal of bringing together farmers, businesses, and private institutions to increase the amount of trees in the State's non-traditional forests.  The Trees outside forests in India, new programme aims to increase carbon sequestration, aid local populations, and boost agriculture's climate resilience, supporting global climate change mitigation and adaptation goals.  Assam has given increasing the tree cover outside of forest regions great priority, as evidenced by the State Action Plan on Climate Change and the recent creation of the Assam Agroforestry Development Board (AADB).  The goal is to add 2.8 million hectares of tree cover outside of traditional forests, helping India reach its nationally set contribution target of adding 2.5 to 3 billion tonnes of carbon dioxide equivalent in additional "carbon sinks" by 2030.

International News

India-China trade crossed $100 bn-mark in first 9 months of 2022

The bilateral trade between India and China crossed the $100 billion mark in the first nine months of 2022, according to the Chinese customs. Bilateral trade in 2022 stood at $103.63 billion, which is 14.6% higher than the same period last year. Total Chinese exports to India in the first nine months of 2022 was worth $89.66 billion.

 

Ford to exit Russia after selling stake in joint venture

Ford Motor said it is exiting Russia after finalising a deal to sell its 49% stake in the Russia-based Sollers Ford joint venture. Ford said the deal was agreed for a "nominal" undisclosed price. Ford took a $122 million writedown connected to its suspended Russian operations earlier this year but will not take additional writedowns in connection with Wednesday's announcement.

 

Diwali To Be A Public School Holiday in New York City from 2023 

Diwali will be a holiday for the New York City public school starting next year in 2023, Mayor Eric Adams announced. Adams, joined by New York Assembly Member Jenifer Rajkumar, who had introduced the legislation to recognize Diwali as a holiday.  The time has come to recognize over 200,000 New Yorkers of the Hindu, Buddhist, Sikh and Jain faiths who celebrate Diwali, the Festival of Lights." She called Anniversary Day "an obscure and antiquated day," as compared to Diwali, which is celebrated by a "growing number of New Yorkers.

BANKING, BUSINESS AND ECONOMY

 

Zee, Sony to sell 3 Hindi channels over anti-competition concerns

Sony India and Zee Entertainment have voluntarily decided to sell three Hindi channels over anti-competition concerns that could arise from the merger of the two companies. The Competition Commission of India (CCI) released the 58-page order, three weeks after approving the deal, subject to modifications. The two companies have decided to sell Big Magic, Zee Action and Zee Classic.

Hindustan Copper pays ₹74 crore as dividend to Centre for FY’22

Hindustan Copper Limited on Wednesday paid a dividend of ₹74.20 crore to the Government of India for FY 2021-22 being 30.01 % of Profit After Tax (PAT) in compliance with DIPAM guidelines, the Ministry of Mines said in a statement. Meanwhile, its total dividend pay-out to all shareholders was ₹112.17 crore, the highest ever declared by the company.

 

Netherlands Beats China, Becomes India's 3rd-Largest Export Market

The Netherlands has emerged as India’s third-largest export destination, ahead of China and Bangladesh. It has moved up two spots in the list of India’s top ten export destinations since FY22, thanks to a 106% surge in dispatches until August this fiscal from a year before to $7.5 billion.  Meanwhile, the US and the UAE continue to be the largest and second-largest export destinations, respectively, for India. The exports to the US climbed 18.3% until August to $35.2 billion, while those to the UAE shot up 27.3% to $13.8 billion.

Awards News

Ukrainian people wins EU's 2022 Sakharov freedom prize

The European Parliament has awarded the people of Ukraine its annual Sakharov Prize for Freedom of Thought to honour their fight against Russia's invasion.  European Parliament President Roberta Metsola announced the 2022 laureate in the Strasbourg plenary chamber, following a decision by Parliament’s Conference of Presidents (the President and political group leaders).  The award comes with prize money of 50,000 euros ($49,100), which will be distributed to representatives of Ukrainian civil society. The prize, named after the late Soviet dissident Andrei Sakharov, has been awarded annually since 1988 to individuals and organizations defending human rights and fundamental freedoms.  The Sakharov Prize for Freedom of Thought is awarded each year by the European Parliament. It was set up in 1988 to honour individuals and organisations defending human rights and fundamental freedoms. It is named in honour of Soviet physicist and political dissident Andrei Sakharov and the prize money is 50 000 euros.

Important points:

European Parliament Headquarters: Strasbourg, France;

European Parliament Founded: 19 March 1958, Europe.

 

Schemes News

Ministry of Education to organize ‘Kashi Tamil Sangamam’ programme

'Kashi Tamil Sangamam' will be organized by the Ministry of Education next month. The 'Kashi Tamil Sangamam' is a month-long program that will be held from the 16th of the next month. The 'Kashi Tamil Sangamam' aims to rediscover the centuries-old bond of knowledge and ancient civilizational linkage between Varanasi and Tamil Nadu.  The Education Minister Dharmendra Pradhan addressed the media and informed more than 2400 Tamil people in 12 groups.  The program will be organized under the 'Ek Bharat Shreshtha Bharat' envisaged by Prime Minister Narendra Modi.
The hosting partners of this event will be IIT- Madras and Banaras Hindu University.

Books and Authors News

Dr Bimal Jalan authored a book titled “From dependence to Self­Reliance”

Economist Dr Bimal Jalan authored the book “From dependence to Self­Reliance: Mapping India’s Rise as a Global Superpower”, a stocktaking of India’s growth trajectory, benefits from Bimal Jalan’s deep insights.  The book is written lucidly, with the general reader in mind. Bimal Jalan breaks his book into 3 parts: 4 chapters on the economy, and 3 each on governance and politics. The primary focus shared by Bimal Jalan is to promote India’s national interests, irrespective of any party’s political agenda announced during elections.

Akshay Shah & Stephen Alter compiled and edited a new book "The Corbett Papers"

Akshay Shah and Stephen Alter have compiled and edited a new book “The Corbett Papers: Biographical, Legal, & Contextual Material on the Life & Career of Jim Corbett of Kumaon” about Jim Corbett. It is published by Black Kite Publishing.  Jim Corbett, the famous naturalist­hunter, has written a series of bestsellers about his experiences with wildlife in the jungles of North India. The Corbett Papers" also includes the unpublished reminiscences of Corbett by his sister Maggie and rare extracts from a forgotten work.

Sports News

Formula-1 Racing: Max Verstappen wins action-packed US Grand Prix 2022

Belgium’s Max Verstappen of Red Bull Racing won the 2022 Formula 1 Aramco United States Grand Prix 2022 which was held at the Circuit of the Americas in Austin, Texas, United States (US). With this, he equalled Germany’s Sebastian Vettel and Michael Schumacher’s record of 13 wins in a Formula 1 season.  He defeated the UK’s Lewis Hamilton of Mercedes. Hamilton had to settle for second place, with Mercedes’ wait for a 2022 victory continuing, while Charles Leclerc salvaged a podium finish for Ferrari as the Italian team mathematically dropped out of contention for the constructors’ crown.

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