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OCTOBER 30, 2022


Political Parties get ₹542 cr via electoral bonds ahead of HP, Guj polls

Ahead of the state elections in Himachal Pradesh and Gujarat, political parties received ₹542 crore in the 22nd sale of anonymous electoral bonds. The SBI sold 741 bonds worth ₹545.25 crore, taking the total amount sold to ₹10,791 crore since 2018. Meanwhile, ₹10,767.88 crore was encashed and ₹23.59 crore was transferred to the Prime Minister's National Relief Fund.

Death toll in Morbi bridge collapse rises to 91

The death toll in the cable bridge collapse in Gujarat's Morbi has risen to 91, reports said quoting hospital officials. Many were still feared missing with rescue operations ongoing. Multiple teams of the National Disaster Relief Fund (NDRF) were dispatched to the site of the incident with more on their way, NDRF DIG Mohsen Shahidi said.





A new world university ranking has dropped, and the University of Toronto made the top of that list.

Quacquarelli Symonds (QS) World University Rankings: Sustainability 2023 was released on Wednesday, and they ranked 700 schools from around the world based on "how universities are taking action to tackle the world's most pressing environmental and social issues."

In the top 20 list, The University of Toronto (U of T) scored second place after UC Berkeley in California, U.S.A.

U ofToronto  beat the University of British Columbia, scoring third place, making it the top school in the country for sustainability.

The universities that followed include The University of Edinburgh (U.K.), UNSW Sydney (Australia), The University of Sydney (Australia) and The University of Tokyo (Japan), respectively.

China revises law on women protection after nearly 30 years

China on Sunday passed legislation to give women more protection against gender discrimination and sexual harassment. The development, said to be a first in nearly 30 years, comes days after the legislation was submitted to the National People's Congress after activists flagged concerns. As per the law, employers will reportedly be held accountable for any violations of women's labour.

India to start free trade pact negotiations with GCC in Nov: Report

India and Gulf Cooperation Council (GCC) member countries are finalising the terms for a free trade agreement and will start negotiations on it next month, an official told PTI. Notably, GCC is a group of Gulf nations which includes Qatar, Oman and Bahrain, Saudi Arabia, Kuwait and UAE. Bilateral trade between the two regions increased to $154.73 billion in 2021-22.



India's tea production jumps 16.5 pc in Sept

The Tea Board of India on Sunday said the total tea production in the country is estimated to be 190 million kilogram (mkg) during September, as against 163 mkg in the year-ago month, which is a surge of 16.5 per cent. The production of tea leaves by the largest producer among states, Assam, is estimated at 109 mkg in the reviewed month as against 92 mkg in the corresponding the previous year whereas West Bengal's production is pegged at 52.94 mkg in September, against 46.32 mkg in the year-ago period.

North India's production of tea is estimated at 166.75 mkg, against 142.56 in September the previous year. The production of tea leaves in the South is estimated to be 23.28 mkg, against 20.61 mkg in September the previous month. Meanwhile, Bharatiya Cha Parishad (BCP) Chairman Nalin Khemani last week said that Assam tea industry faces the biggest challenge of stagnation in prices, coupled with high cost in production and low productivity. Khemani was speaking on the lines of competitiveness between states at the annual general meeting of the BCP. The chairman also said the cost of labour per hectare in running a tea garden in Assam is Rs 787.5 as against Rs 341.8 in the southern state.

During these four months, he said, "Industry faces a huge worker shortage resulting in poor quality of the harvest. The time has come we should implement mechanized harvesting to improve the productivity of the Assam Tea Industry." The chairman also mentioned that Assam produces 60 per cent of its yearly production in four months

Tata plans to raise ₹15,000 crore working capital debt for Air India

Tata group is in discussion with banks to raise working capital loans worth ₹15,000 crore for Air India, according to a report. The capital will be used to pay aircraft rentals, refurbish the fleet, cover day-to-day air operations and losses and overhaul IT operations, it said. Air India was taken over by Tata group in January 2022 for ₹18,000 crore.

Indian Oil reports first-ever back-to-back quarterly loss at ₹272 crore

State-owned Indian Oil Corporation (IOC) on Saturday reported a net loss of ₹272.35 crore for the second quarter of financial year 2022-23. This is the first time when IOC has booked losses in two straight quarters. Earlier in the April-June quarter the company reported a loss of ₹1,992.53 crore. IOC reported a net profit of ₹6,360.05 crore for Q2 FY22.

Huge business potential in India: Maruti Suzuki MD Takeuchi

Maruti Suzuki MD Hisashi Takeuchi said India's growing market has huge business potential and it is a wise decision for any company abroad to enter the Indian market. His comments came on the sidelines of foundation stone laying ceremony of C-295 transport aircraft manufacturing facility in Gujarat's Vadodara. Takeuchi also spoke about company operations in Gujarat and Haryana.



India suffer their 1st defeat in T20 World Cup 2022, South Africa go top of points table

South Africa defeated India by five wickets in Perth on Sunday to hand them their first defeat in T20 World Cup 2022. South Africa restricted India to 133/9 in their 20 overs and went on to chase down the target in 19.4 overs. With the victory, South Africa moved top of the Super 12 stage Group 2 points table.  30102022


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