NATIONAL UPDATES:
1. PM
Modi inaugurated AIIMS in Bilaspur, Himachal Pradesh: Prime Minister
Narendra Modi has inaugurated the All India Institute of Medical Science
(AIIMS) at Kothipura in Bilaspur district of Himachal Pradesh. This institution
will be built over an area of about 247 acres with the cost of 1471 crore
rupees. PM Modi also inaugurated and lay the foundation stone for development
projects worth over Rs 3,650 crore. Other projects:
a)
Inaugurated
140 crore rupees Government Hydro Engineering College in Bilaspur.
b)
Foundation
stones of 350 crore rupees for Medical Devices Park at Nalagarh.
c)
Pinjore-Nalagarh
four-lane road project under the Bharat Mala project with a cost of 1692 crore
rupees.
Note: Himachal Pradesh Capital: Shimla
(Summer), Dharamshala (winter); Chief Minister: Jai Ram Thakur; Governor:
Rajendra Vishwanath Arlekar
2.
Gujarat launched Aatmanirbhar Gujarat Schemes 2022 for Industries: The Gujarat CM
Bhupendra Patel has launched an incentive scheme for industries to attract Rs
12.5 lakh crore of investments to the state in the next 10 years. This scheme
will remain in force for MSMEs, Large and Mega industrial units. He has
unveiled the “Aatmanirbhar Gujarat Schemes 2022 for assistance to Industries”.
The government aims to attract investments
worth Rs 12.5 lakh crore to create jobs for some 15 lakh youths. The benefits
under the scheme will be extended to 10 sectors including green energy
ecosystem, mobility, capital equipment, metals and mineral, textile and
apparel, sustainability, agro processing, chemicals, gems and jewellery, and
healthcare. The incentive schemes also include EPF and SGST reimbursements.
Note: Gujarat Capital: Gandhinagar;
Governor: Acharya Devvrat
3.
FinMin allows airlines to avail up to Rs 1,500 crore loan under ECLGS: The Union Finance
Minister allowed airlines to avail of up to Rs 1,500 crore loan under the
Emergency Credit Line Guarantee Scheme (ECLGS). The ECLGS will help them to
recover their cash flow problems. Earlier, an airline could only avail of a
loan of not more than Rs 400 crore under the ECLGS. In 2020, the Centre started
to provide collateral-dree and government-guaranteed loans to businesses
affected by the Covid-19 pandemic. Key Points:
a)
The
Finance Minister’s decision will likely benefit the financially affected
airlines.
b)
It
is a positive approach for the airlines to secure their working capital and
funds for operation.
c)
The
Department of Financial Services has informed that it has enhanced the maximum
loan amount eligibility for airlines under the ECLGS to 100 percent of their
total credit outstanding.
d)
The
modification in the policy aims to give necessary collateral-free liquidity at
reasonable interest rates
4.
India emerges as largest producer of sugar in world: India has emerged
as the largest producer and consumer of sugar in the world and the second
largest exporter. During the sugar season in India, over 5,000 lakh metric tons
(LMT) of sugarcane was produced out of which about 3,574 LMT was crushed by
Sugar Mills to produce about 349 LMT of Sugar. 35 LMT of Sugar is diverted to
ethanol production and 359 LMT of sugar was produced in sugar mills.
Key Points:
a)
During
this season all records of sugarcane production, sugar production, sugar
export, came to produce, cane dues paid and ethanol production were made.
b)
In
2020-21, India made records with the highest exports of about 109.8 LMT with no
financial assistance.
c)
The
sugar exports from India earned foreign currency of about Rs 40,000 crore for
the country.
d)
This
achievement of the sugar industry was possible with the help of the Central and
State Governments, Farmers, Sugar Mills, etc.
e)
During
the Sugar season, Sugar mills produced sugarcane worth more than Rs 1.18 lakh
crore and released a payment of more than Rs 1.12 crore with no financial
assistance.
5.
ABARD sanctioned Rs 222 crore for infra in rural schools in Punjab: NABARD has
sanctioned Rs 221.99 crore under the Rural Infrastructure Development Fund
(RIDF) to the Punjab government. Key Points:
a)
It
has sanctioned money from the Rural Infrastructure Development Fund (RIDF) for
the construction of 2,328 additional classrooms, 762 labs, and 648 playgrounds
in rural schools in all 23 districts.
b)
In
addition to this, 404 integrated science labs, 62 physics labs, 44 chemistry
labs, 54 biology labs, 103 computer labs, and 55 National Skills Qualification
Framework labs have also been sanctioned.
c)
The
projects aim to benefit a total of 3.80 lakh students, including likely new enrolment
of 3.5 lakh students, in more than 3,500 villages.
d)
Presently,
there are 632 projects underway that are being built with Rs 686 crore granted
under the RIDF by the Department of School Education, Punjab.
Note: Punjab Capital: Chandigarh; Chief
Minister: Bhagwant Mann; Governor: Banwarilal Purohit
National Bank for Agriculture and Rural
Development (NABARD) Founded: 12 July 1982; Headquarters: Mumbai, Maharashtra;
Chairman: Govinda Rajulu Chintala
6.
Himachal Pradesh government launched ‘Satya Nishtha’ app: Himachal Pradesh
CM Jai Ram Thakur has launched the ‘Satya Nishtha’ app that will help state
police to investigate and control criminal activities. The app will help police
prepare a database of criminals and also study the various offenses that take
place under different police stations in the district. The app was designed
under the guidance of Kangra Superintendent of Police Kushal Sharma. The data
are available in the app to be accessed from anywhere and at any time. The app
has been brought out at a cost of Rs 3.70 lakh.
Note: Himachal Pradesh Capital: Shimla
(Summer), Dharamshala (winter); Chief Minister: Jai Ram Thakur; Governor:
Rajendra Vishwanath Arlekar
INTERNATIONAL UPDATES:
1.
Indian-origin Surgeon General Dr Vivek Murthy is US representative 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 Executive Board of the World
Health Organisation. Dr. Murthy will serve as the US Representative on WHO
Executive Board and he will continue his duties as the US Surgeon General. Key
Points:
a)
On
March 2021, Dr. Vivek Murthy was confirmed to serve as the 21st Surgeon General
of the Country.
b)
Previously,
he served as the 19th Surgeon General under the Presidency of Barack Obama.
c)
Dr.
Murthy as the nation’s doctor aims to draw attention to and work across
Government to address several critical public health issues.
d)
Dr.
Murthy is also the Vice Admiral of the US Public Health Service Commissioned
Corps; he also commands a uniformed service of over 6000 dedicated public
health officers.
e)
He
is the first Indian-origin Surgeon General of the US, he was raised in Miami
and graduated from Harvard, the Yale School of Medicine, and the Yale School of
Management. He is a renowned physician, research scientist, entrepreneur, and
author.
2.
International Day of the Girl Child: 11th October: International Day
of the Girl Child is observed on October 11 to raise awareness about the
importance and potential girls hold as the future of our society. The
International Day of the Girl Child focuses attention on the need to address
the challenges girls face and to promote girls’ empowerment and the fulfilment
of their human rights. This year’s theme for the International Day of the Girl
Child is “Our time is now—our rights, our future”. The focus is on the
multitude of challenges put in front of girls’ path to reach their potential.
International Day of the Girl Child
History:
In 1995 at the World Conference on Women in Beijing countries unanimously
adopted the Beijing Declaration and Platform for Action, the most progressive
blueprint ever for advancing the rights of not only women but girls. The
Beijing Declaration is the first to specifically call out girls’ rights. On
December 19, 2011, United Nations General Assembly adopted Resolution 66/170 to
declare October 11 as the International Day of the Girl Child, to recognize
girls’ rights and the unique challenges girls face around the world.
OTHER UPDATES:
BANKING AND FINANCE
1.
RBI Launches DAKSH- Reserve Bank’s Advanced Supervisory Monitoring System: The Reserve Bank
Governor Shaktikanta Das launched a new ‘SupTech’ initiative DAKSH – the bank’s
Advanced Supervisory Monitoring System, which is expected to make the
supervisory processes more robust. Key Points:
a)
DAKSH
means ‘efficient’ & ‘competent’, reflecting the underlying capabilities of
the application.
b)
DAKSH
is a web-based end-to-end workflow application through which RBI shall monitor
compliance requirements in a more focused manner with the objective of further
improving the compliance culture in Supervised Entities (SEs) like Banks,
NBFCs, etc.
c)
The
application will also enable seamless communication, inspection planning and
execution, cyber incident reporting and analysis, provision of various MIS
reports etc., through a Platform which enables anytime-anywhere secure access.
2.
HDFC Bank launched SmartHub Vyapar for merchants: Private sector
lenders HDFC Bank has launched a one-stop merchant solution app named SmartHub
Vyapar Merchant app. It is a comprehensive payment and banking solution. HDFC
Bank has developed the Smart Hub Vyapar app in partnership with a merchant Saas
platform, Mintoak Innovations India that enables merchants to accept interoperable
payments across multiple payment modes which include Cards, UPI, and QR code.
The bank claims to be adding more than 75,000 merchants every month.
Note: HDFC Bank Founded: August 1994;
Headquarters: Mumbai, Maharashtra; MD & CEO: Sashidhar Jagdishan; Tagline:
We understand your world
BUSINESS AND ECONOMY
1.
Sevices Sector Growth Falls to 6 Months Low: Growth in India’s services
industry eased to a six-month low in September, led by a cooling in demand amid
high inflation, a private survey showed. The S&P Global India services
Purchasing Managers’ Index fell to 54.3 in September from August’s 57.2, lower
than the Reuters poll expectation of 57.0. Key Points:
a)
However,
the September reading stayed above the 50-mark separating growth from
contraction for the fourteenth straight month – the longest stretch of
expansion since October 2016.
b)
Weak
external demand weighed on sales of services sector, with international orders
declining further in September, according to the survey.
c)
Service
providers reported a further increase in their operating expenses during
September, owing to higher energy, food, labour and material costs. Hiring in
the sector continued for the fourth month but fewer jobs were created compared
to August.
d)
Capacity
pressures moderated in September, with services companies signalling the
slowest increase in backlogs since February. Nevertheless, efforts to clear
pending workloads and ongoing expansions in sales supported another round of
job creation. Employment rose at a slower rate than in August, however,” the
survey said.
2.
Airtel joined hand with Nokia to bring 5G to Kashi Vishwanath temple and Statue
of Unity: Bharti
Airtel and Nokia have joined hands to bring India’s first 5G enabled immersive
experience to visitors at the Indian Mobile Congress (IMC) 2022. Airtel and
Nokia will bring to life the cultural splendour of Kashi Vishwanath temple and
the Statue of Unity through Holographic images demonstrating the benefits of
ultra-fast and low latency 5G network. With the advent of 5G, immersive virtual
tourism is expected to help reinvent the travel and tourism industry where the
masses would be able to see remote places and monuments from the comfort of
their homes.
AWARDS AND HONOURS
1.
Nobel Peace Prize 2022: Human rights campaigners in Ukraine, Russia and Belarus
awarded: 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.
OBITUARIES
1.
Arun Bali Death, legendaru actor, dies at 79 in Mumbai: Arun Bali, a
seasoned actor best remembered for playing Kunwar Singh in Swabhimaan, passed
away 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 was sent to the hospital after receiving a rare neuromuscular illness
diagnosis earlier this year.
Arun Bali Career: 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
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