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Saturday, October 8, 2022

Daily GK Update- 8th Oct, 2022

NATIONAL UPDATES:

 

1. Telangana government launched ‘Aasara’ pension for poor: The Telangana government has introduced ‘Aasara’ pensions as a part of the state’s welfare measures and social safety net strategy. The ‘Aasara’ pensions aim to secure life for all the poor. It is a welfare scheme for the older section of the state, widows, physically disabled, and beedi workers to avail pension facilities. Under the Asif Nagar Mandal jurisdiction 10,000 new Aasara pensions have been sanctioned. Key Points:

a)      The scheme provides pensions to old people, windows, patients suffering from elephantiasis or AIDS, physically disabled persons, beedi workers, and single women.

b)      On 7th March 2022, the Finance Minister of Telangana allocated Rs. 11,728 crores to the Aasara Pension scheme.

c)       The Pension has been increased from Rs 200 to Rs 2,016 per month by the state government given to the elderly, widows, AIDS patients, handloom workers, and toddy tappers.

d)      The pension for the differently-abled has been increased from Rs 500 to Rs 3,016 per month. The pension for single women, beedi workers, and filarial patients would be Rs 2,016 per month.

 

2. Kerala’s Pullampara named first fully digital literate panchayat: The Pullumpara village panchayat in the Thiruvananthapuram district, Kerala achieved the distinction of becoming the first totally digitally literate panchayat in the country. The announcement was made by chief minister Pinarayi Vijayan at a public event. The mission to achieve total digital literacy was aimed at empowering the residents to get access to over 800 government services available through the online mode. The residents were also trained to use social media platforms and basic banking services during the training. Key Points:

a)      Around 250 engineering college students and members of Kudumbashree trained the residents while the process was monitored by the Kerala Technological University (KTU).

b)      A total of 3,174 in the age group of 14-65 cleared the evaluation test held after the training, enabling the local body to become totally digitally literate.

c)       The left democratic front (LDF) government in Kerala had announced to extend digital literacy to all the residents. The government has also created Kerala – Fibre Optic Network (K-FON) to provide an internet connection to all and to ensure its promise of making access to the internet a basic right.

 

3. Fit India Freedom Run 3.0 introduced by Anurag Singh Thakur and Kiren Rijiju: Fit India Freedom Run 3.0: In honour of Gandhi Jayanti, Fit India Freedom Run 3.0 was officially introduced at the Major Dhyanchand National Stadium in New Delhi. The third edition of Fit India Plog Run, one of the largest national activities initiated by the Government of India at the height of the Covid-19 epidemic in 2020, was jointly introduced by Union Ministers of Law and Justice Shri Kiren Rijiju and Shri Anurag Singh Thakur. Key Points:

a)      October 2, marked the beginning of the third iteration of the Fit India Freedom Run, which will last until October 31.

b)      Along with a sizable number of participants, the event also included the former health minister of India, Shri Harshvardhan Goel, the secretary of sports, Smt. Sujata Chaturvedi, the director general of the Sports Authority of India, Shri Sandip Pradhan, and the ambassador for Fit India, Ripu Daman Bevli.

c)       The Indian Army, including the Border Security Force (BSF), Indo-Tibetan Border Police (ITBP), Central Reserve Police Force (CRPF), Indian Railways, CBSE and ICSE schools, and the Ministry of Youth Affairs’ youth wings Nehru Yuva Kendra Sangathan (NYKS) and “National Service Scheme,” have all participated in the Fit India Freedom Run over the past two years (NSS).

 

4. YUVA 2.0 programme to encourage aspiring writers introduced by PM: The Prime Minister’s Scheme for Mentoring Young Authors, known as YUVA 2.0 (Young, Upcoming and Versatile Authors), was launched by the Department of Higher Education of the Ministry of Education. In order to promote India and Indian literature abroad, it is an author mentoring programme for young and aspiring writers (under 30 years old). Key Points:

a)      YUVA 2.0 aims to artistically and ingeniously emphasise the viewpoints of the younger generation of authors on the issue of “Democracy (institutions, events, people, constitutional ideals – past, present, future)” as part of the India@75 Project (Azadi Ka Amrit Mahotsav).

b)      In light of the last edition’s enormous effect, which includes broad participation from young and aspiring authors in 22 more Indian languages in addition to English, YUVA 2.0 is now being produced.

c)       75 authors will be chosen as part of an All India Contest that will be held on https://www.mygov.in/ between October 2 and November 30, 2022.

d)      The received ideas would be assessed between December 1, 2022, and January 31, 2023, with the winners being revealed on February 28, 2023.

e)      The young authors will receive instruction from renowned authors and mentors from March 1 through August 31, 2023.

f)        On October 2, 2023, the first batch of books will be released under the supervision.

 

5. Senior bureaucrat Ajay Bhadoo appointed as Deputy Election Commissioner: Senior bureaucrat, Ajay Bhadoo has been appointed as the Deputy Election Commissioner as part of a senior-level bureaucratic reshuffle by the Centre. Bhadoo, a 1999 batch Indian Administrative Service (IAS) officer of the Gujarat cadre, has been appointed to the post up to July 24, 2024. His two-month extension as Joint Secretary in the President’s Secretariat ended on September 25. He was appointed as Joint Secretary to former President Ram Nath Kovid in July 2020. Earlier, Bhadoo served as Gujarat’s Vadodara Municipal Commissioner.

Other Important appointments:

a)      Akash Tripathi, a 1998 batch IAS officer of Madhya Pradesh cadre, has been appointed as the Chief Executive Officer (CEO), MyGov, Ministry of Electronics & Information Technology.

b)      Basant Garg, a 2005 batch IAS officer of Punjab cadre, has been named Additional CEO, National Health Authority under the Department of Health & Family Welfare.

c)       Lochan Sehra, a 2002 batch IAS officer of Gujarat cadre, will be joint secretary, Indian National Space Promotion and Authorisation Centre (IN-SPACe), Ahmedabad for a tenure of five years.

d)      Franklin L Khobung and Pankaj Yadav have been appointed as joint secretaries in the Department of Agriculture & Farmers Welfare, Rahul Sharma will be joint secretary, Ministry of AYUSH, Ajay Yadav as the joint secretary, Cabinet Secretariat and Deepak Mishra will be joint secretary, Department of Chemicals & Petro-Chemicals.

e)      Indu C Nair has been appointed as joint secretary, Department of Commerce, Gurmeet Singh Chawla and Mugdha Sinha will be joint secretaries in the Ministry of Culture, Ajay Kumar as joint secretary in the Department of Defence and Manoj Kumar Sahoo, will be joint secretary in the Department of Drinking Water & Sanitation.

f)        D Senthil Pandiyan has been appointed as joint secretary, Ministry of Earth Sciences, Hanish Chhabra and Surbhi Jain as joint secretaries in the Department of Economic Affairs, Satyajit Mishra, as joint secretary in the Ministry of Environment, Forest & Climate Change, Mukesh Kumar Bansal as the joint secretary in Department of Financial Services and T J Kavitha as joint secretary, Department of Food & Public Distribution.

g)      Sachin Mittal and Manashvi Kumar will be joint secretaries in the Department of Health & Family Welfare, Hanif Qureshi as the joint secretary, Ministry of Heavy Industries, Ravi Kumar Arora and Deepak Agarwal will be joint secretaries, Ministry of Housing and Urban Affairs and Rahul Jain as joint secretary, Department of Investment & Public Asset Management.

h)      Rupesh Kumar Thakur and Nandita Gupta have been named joint secretaries in the Ministry of Labour & Employment, Farida Mahmood Naik as the joint secretary, Ministry of Mines, Ajay Yadav will be joint secretary, Ministry of New & Renewable Energy, Rajat Kumar has been named joint secretary, Department of Personnel & Training and Priyanka Basu lngty will be Regional Director (JS level), Staff Selection Commission (SSC), Kolkata.

i)        Mohammad Afzal has been appointed as joint secretary, Ministry of Power, Amit Shukla as joint secretary, Department of Rural Development and Indira Murthy will be joint secretary, Department of Social Justice & Empowerment.

 

6. 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. 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.

Indian Air Force Day History: The IAF was founded on October 8, 1932, and the force has participated in several crucial wars and landmark missions. It was officially established as an auxiliary air force of the British Empire which honoured India’s aviation service during World War II with the prefix Royal. After India gained independence from the United Kingdom in 1947, the name Royal Indian Air Force was kept and served in the name of Dominion of India. With the government’s transition to a Republic in 1950, the prefix Royal was removed.

Note: Indian Air Force Headquarters: New Delhi; Indian Air Force Founded: 8 October 1932, India; Indian Air Force Air chief Marshall: Rakesh Kumar Singh Bhadauria.

 

INTERNATIONAL UPDATES:

 

1. World Migratory Bird Day: 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. 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.

History of World Migratory Bird Day: World Migratory Bird Day was established as a result of the United Nations Agreement on the Conservation of African-Eurasian Migratory Waterbirds. However, the concept of World Migratory Bird Day was born in the US in 1993 when a number of organisations and agencies began commemorating the day. The United Nations (UN) chose to promote awareness of migratory birds’ linkages to various geographic areas around the world in 2006. Since then, 118 nations have engaged in and attended the event.

On the second Saturday in October, people all around Central and South America, Mexico, and the Caribbean commemorate World Migratory Bird Day. In the United States and Canada, the day is marked on the second Saturday in May.

 

OTHER UPDATES:

 

SPORTS

 

1. National Games 2022: U20 World Champion Antim Panghal wins wrestling gold: Antim Panghal, the World under-20 champion, made an impressive debut at the National Games 2022 as she won the gold medal in women’s 53kg wrestling. Haryana’s Antim Panghal, who made history in August by becoming the first Indian to become U20 world champion in women’s wrestling, beat Priyanshi Prajapati of Madhya Pradesh by fall in the final.

In National Games, Services lead the medals tally with 51 medals including 23 Gold, 14 silver, and 14 bronze followed by Haryana with 49 medals including 22 gold, 16 silver, and 11 bronze. Uttar Pradesh has won 13 gold, 9 silver, and 8 bronze medals while Tamil Nadu has won 12 gold, 9 silver, and 11 bronze medals. Other winners:

a)      Gujarat’s Hina Khalifa and Swati Sanjay of Maharashtra won the bronze medals in the women’s 53kg.

b)      Meanwhile, Olympian gymnast Pranati Nayak picked up two gold medals at the Sama Indoor Sports Complex in Vadodara.

c)       The West Bengal gymnast collected her first gold – the uneven bars – in the morning and rounded off her campaign by clinching the floor exercise crown in the evening.

d)      In men’s 200m cycling, Ronaldo Singh, David Beckham, and Esow Alben clinched the three podium finishes.

About the National Games 2022: The National Games 2022 is being held across six cities, Ahmedabad, Gandhinagar, Surat, Vadodara, Rajkot and Bhavnagar, in Gujarat. The National Games 2022 will conclude on the 12th of October.

 

2. ATP 250 Tel Aviv Watergen Open: Rohan Bopanna & Matwe Middelkoop clinch Men’s Doubles title: India’s Rohan Bopanna and Dutch player Matwe Middelkoop cruised to a 6-2, 6-4 victory over third seeds Santiago Gonzalez and Andres Molteni in the doubles final of the $1,019,855 ATP tennis tournament in Tel Aviv. It was the third title of the season for the 42-year-old Bopanna, who had won the other two, early in the season with Ramkumar Ramathan in Adelaide and Pune. The champion team collected $50,000 and 250 ATP points, and the runner-up, $26,850 and 150 points.

 

3. Formula-1 Racing: Sergio Perez won Singapore F1 GP 2022: Red Bull’s driver, Sergio Perez has won the Singapore Formula 1 Grand Prix 2022. Perez finished 7.5 sec ahead of Ferrari’s Charles Leclerc, who came at the second position. Ferrari’s Carlos Sainz grabbed the third position. Perez’s teammate & Italian GP 2022 winner Max Verstappen finished seventh in the race. Hamilton secured ninth. Verstappen needed a win, and other results to go his way, to become world champion for the second successive time.

 

4. Indian Skipper Rohit Sharma becomes 1st Indian cricketer to play 400 T20s: Indian Skipper, Rohit Sharma has achieved yet another milestone in his T20 career and has become the first-ever Indian to play 400 T20s. The India captain has achieved the milestone in the 2nd T20I of the series against South Africa in Guwahati. The first Indian to hit a century in T20 cricket, Rohit had made his shortest format debut for Mumbai against Baroda in April 2007. Among Indians, Rohit is followed by Dinesh Karthik, who has played 368 T20s. MS Dhoni sits at the 3rd spot with 361 caps. Virat Kohli is playing his 354th T20.

Other players: The list of players who have donned most T20 caps is topped by Kieron Pollard, who has played 614 matches. He is followed by Dwayne Bravo, who has donned 556 caps. Shoaib Malik (481), Chris Gayle (463), Sunil Narine (435), Ravi Bopara (429), Andre Russell (428) and David Miller (403) sit ahead of Rohit.

 

BANKING AND FINANCE

 

1. SBI launches ‘Gram Seva Program’ across six states of India: State Bank of India launched the SBI Foundation’s Gram Seva Program across six states of India. On Gandhi Jayanti this year, the State Bank of India announced that it will adopt 30 remote villages across India under the 4th phase of the ‘SBI Gram Seva’ Program. The bank will adopt remote villages across Aspirational Districts in Haryana, Gujarat, Maharashtra, Punjab, Tamil Nadu, and West Bengal.

Key Points:

a)      The Gram Seva Program was launched under the Corporate Social Responsibility of the bank. The program emphasizes a comprehensive development of villages by active intervention in areas like education, healthcare, livelihoods, and infrastructure.

b)      Till now, the program has adopted 100 villages across 16 states in 3 phases.

c)       Gram Seva is one of the flagship CSR programs of the SBI foundation.

d)      The program’s outreach will expand to a total of 130 villages, of which 75 villages are from Aspirational Districts.

e)      The SBI foundation is actively working on areas like rural development, healthcare, education, Sustainability, environment, livelihood, skill development, etc.

 

BUSINESS AND ECONOMY

 

1. Inflation Likely to come down to 5.2% Owing to Normal Rains, Ease in Supplies: RBI report: Reserve Bank of India (RBI) is expecting retail inflation to come under control at 5.2 per cent in FY24, down from the 6.7 per cent forecast for FY23, revealed the banking regulator in its ‘Monetary Policy Report September 2022’. In addition to this, RBI has also cut India’s GDP growth forecast for FY23 to 7 per cent from its earlier projection of 7.2 per cent. Key Points:

a)      The RBI, in its report, said, “For 2023-24, assuming a normal monsoon, a progressive normalisation of supply chains, and no further exogenous or policy shocks, structural model estimates indicate that inflation will average 5.2 per cent.”

b)      The central bank expects inflation to remain above the upper tolerance level of 6 per cent in the first three-quarters of FY23.

c)       RBI also expects inflation to come under control from January 2023 onwards.

d)      RBI projects the retail inflation to average 5.8 per cent in Q4 FY23 and further down to 5 per cent in Q1 FY24.

e)      In addition to this, RBI has also cut India’s GDP growth forecast for FY23 to 7 per cent from its earlier projection of 7.2 per cent.

 

2. Adani Green commissioned world’s largest wind-solar power plant: Adani Green Energy Ltd (AGEL) has commissioned the world’s largest wind-solar power plant of 600 MV capacity in Jaisalmer, Rajasthan. The plant has a power purchase agreement with Solar Energy Corporation of India (SECI) at Rs 2.69/kWh for 25 years. Key Points:

a)      The project consists of 600 MW solar-wind plants.

b)      In May 2022, AGEL operationalized India’s first hybrid power plant with a capacity of 390 MW in Jaisalmer.

c)       The commencement of the 600 MW plant AGEL has a total operational generation capacity of 6.7 GW.

d)      This includes an operational hydropower generation capacity of 1 GW, the largest in the world.

e)      AGEL’s total renewable portfolio goes up to 20.4 GW to reach its vision of 45 GW capacity by 2030.

 

AWARDS AND HONOURS

 

1. Valley of Words Book Awards: ‘Tagore & Gandhi’ wins in English non-fiction: Anees Salim’s The Odd Book of Baby Names (English fiction) and Rudrangshu Mukherjee’s Tagore & Gandhi: Walking Alone, Walking Together (English non-fiction) were among the eight that were adjudged the best books of the year at the ‘Valley of Words Book Awards. The PFC-VoW Book Awards, currently in its sixth edition, is considered one of the most comprehensive independent literary award programmes in India.

The total listing of the PFC-VoW E-book Award winners for 2022:

a)      English fiction: The Odd E-book of Child Names by Anees Salim (Penguin Random Home)

b)      English non-fiction: Tagore & Gandhi: Strolling Alone, Strolling Collectively by Rudrangshu Mukherjee (Aleph E-book Firm)

c)       Hindi fiction: Khela by Neelakshi Singh (Setu Publications)

d)      Hindi non- fiction: Jeete Ji Allahabad by Mamta Kalia (Rajkamal Prakashan)

e)      Writings for younger adults: Savi and the Reminiscence Keeper by Bijal Vachharajani (Hachette)

f)        Writings/image books for kids: Aai and I by Mamta Nainy (Pickle Yolk Books)

g)      Translation to Hindi: Yaadon Ke Bikhre Moti: Batware ki Kahaniyan by Aanchal Malhotra, translated by Brig Kamal Nayan Pandit (HarperCollins)

h)      Translation to English: Amader Shantiniketan by Shivani, translated by Ira Pande (Penguin Random Home)

 

2. Indian American Dr Vivek Lall receives Lifetime Achievement award in US: Vivek Lall, an Indian-origin General Atomic Global Corporation Chief Executive is honored with the Lifetime Achievement Award by US President Joe Biden with the citation of ‘With Grateful Recognition’. This citation was given to Vivek Lall, who has done a Ph.D. in Aerospace Engineering from Wichita State University in Kansas, by the AmeriCorps and the office of the President.

Dr. Vivek Lall is an Industry leader and scientific community giant, who works as Chief Executive at General Atomics. General Atomics is a global leader in the specialized field of nuclear technology and has developed state-of-the-art Unmanned Aerial Vehicles (UAVs) like the predators, repeats, and guardian drones.


Friday, October 7, 2022

Daily GK Update- 7th Oct, 2022

NATIONAL UPDATES:

 

1. Govt May Lift AFSPA in 4 States After Naga Peace Pact: The uncertainty around the culmination of the Naga peace process is one of the reasons that led to the Armed Forces Special Powers Act (AFSPA) being retained in some parts of Assam, Manipur, Nagaland, and Arunachal Pradesh for another six months, according to government officials.

The Ministry of Home Affairs (MHA) and State governments had considerably reduced “disturbed areas” in Assam, Manipur, and Nagaland. The AFSPA was applicable in the whole of Nagaland and Assam till March 31. Under Section 3 of the Act, the State governments and the MHA have concurrent powers to notify areas under the AFSPA. In Assam, the MHA was issuing the “disturbed area” order till 2017. Since then Assam has been renewing the notification every six months, the latest one issued on March 31. On September 30, the MHA extended the AFSPA in parts of Nagaland and Arunachal Pradesh for another six months.

 

2. National Mission for Clean Ganga approved 14 projects worth Rs 1145 crore: The National Mission for Clean Ganga (NMCG) has approved 14 projects worth Rs 1,145 crore. The projects include the following aspects sewerage management, curbing industrial pollution, and biodiversity conservation among others. The project was approved at the 45th meeting of the executive committee under the championship of G Asok Kumar, Director General, NMCG.

Key Points:

a)      The project includes eight aspects related to sewerage management in five main stems Ganga basins states of Uttrakhand, Uttar Pradesh, Bihar, Jharkhand, and West Bengal.

b)      In Uttar Pradesh four sewerage management projects were approved.

c)       The sewerage management projects include tapping of Assi drain in Varanasi by constructing a 55 MLD Sewage Treatment Plant (STP).

d)      The project was sanctioned to achieve zero untreated discharge from three drains Assi, Samne Ghat, and Nakhha.

e)      The other projects include the construction of 13 MLD STP and renovation of existing structures among others in Vrindavan for Rs 77.70 crore.

 

3. 100 laboratories for 5G technology to be set up across India by Govt: The government now intends to establish 5G laboratories around the nation, a day after Prime Minister Narendra Modi announced the start of 5G services in India at the Indian Mobile Congress. The Indian government intends to establish 100 5G laboratories around the nation, according to Ashwini Vaishnaw, the Union Minister for Communications, Electronics, and Information Technology.

Key Points:

a)      Ashwini Vaishnaw asked and encouraged the telecom sector to unite and turn at least 12 of these 100 laboratories into incubators for the telecom industry to teach students and conduct experiments.

b)      It is not uncommon for telecom carriers to run 5G laboratories. Orange Jordan has opened the Orange 5G Lab at Orange Digital Village in Abdali to investigate novel applications of this technology and offer pertinent training.

c)       Earlier this month, the minister proposed during a visit to the Indian Institute of Technology Gandhinagar (IITGN) that a 5G use-case lab be established there.

d)      Union Minister Ashwini Vaishna even promised to build a 5G use case laboratory and a semiconductor laboratory at the Institute and urged IIT-GN to create a proposal.

 

4. India’s Unemployment Rate drops to 6.43 per cent in September: CMIE: India’s unemployment rate has drastically dropped to 6.43 per cent in September due to an increase in labour participation in the rural and urban areas, according to data from the Centre for Monitoring Indian Economy (CMIE). During August, India’s unemployment rate surged to a one-year high of 8.3 per cent as employment sequentially fell by 2 million to 394.6 million.

Key Points:

a)      The unemployment rate in the rural areas fell to 5.84 per cent in September from 7.68 per cent in August, while in the urban areas it dropped to 7.70 per cent against 9.57 per cent in the previous month.

b)      According to the CMIE data, the unemployment rate was the highest in Rajasthan at 23.8 per cent in September, followed by Jammu and Kashmir at 23.2 per cent, Haryana at 22.9 per cent, Tripura at 17 per cent, Jharkhand at 12.2 per cent and Bihar at 11.4 per cent.

c)       The unemployment was the lowest in Chhattisgarh at 0.1 per cent in September, followed by Assam at 0.4 per cent, Uttrakhand at 0.5 per cent, Madhya Pradesh at 0.9 per cent, Gujarat at 1.6 per cent, Meghalaya at 2.3 per cent and Odisha at 2.9 per cent, the data showed.

 

5. SC-ST hub conclave hosted by Ministry of MSME in Gujarat: The Ministry of MSME hosted the National SC-ST Hub Conclave in Ahmedabad, Gujarat, to raise awareness of the National SC-ST Hub Scheme and other Ministry programmes. Dr. Kirit Premjibhai Solanki, a Member of Parliament and chairman of the parliamentary standing committee on the welfare of scheduled castes and scheduled tribes, as well as other important dignitaries, attended the conclave.

Key Points:

a)      More than 300 SC-ST business owners attended the event. The keynote talk was given by Ms. Mercy Epao, Joint Secretary, Ministry of MSME, after all the dignitaries and attendees were greeted by Shri Gaurang Dixit, Chairman-cum-Managing Director, National Small Industries Corporation Limited.

b)      The colloquium offered aspiring and established SC-ST business owners a forum for interaction with CPSEs, financing organisations, GeM, RSETI, TRIFED, etc.

c)       Speaking at the event, Dr. Solanki recommended that more SC-ST business owners in Gujarat State take use of the NSSH Scheme’s benefits.

d)      Additionally, he advised the bankers in the audience to give SC-ST businesses priority when providing loan support so that they wouldn’t encounter any problems expanding their commercial capacity.

 

INTERNATIONAL UPDATES:

 

1. India signed an agreement with Armenia to export missiles, rockets & ammunition: India will export missiles, rockets, and ammunition to Armenia after the recent clashes between Armenia and Azerbaijan. The missiles will also include Indigenous Pinaka Multi-Barrel Rocket Launcher. India has signed this deal with Armenia to help them to depend on the country against their neighboring country Azerbaijan. Key Points:

a)      India signed an order for arms export through a government-to-Government route through which the two nations inked contracts.

b)      The government has not revealed the exact value of the contract; however, it is estimated that India will supply weapons worth more than Rs 2,000 crore.

c)       India will also export Indigenous Pinaka Multi-Barrel Rocket Launcher.

d)      Pinaka has been developed by the Defence Research and Development Organization (DRDO) and manufactured by indigenous private sector firms.

e)      India will also provide anti-tank rockets as well as a wide range of ammunition to Armenia under the bundled deal.

f)        This contract will push the efforts of the government to increase the export of weapons with policy reforms and active support the government.

g)      The center has also set a target to sell weapon systems worth Rs 35,000 crore abroad by 2025.

 

2. World Cerebral Palsy Day: 6th October: World Cerebral Palsy Day is observed on October 6. Cerebral Palsy is a lifelong disability with no known cure. 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.

 

3. World Cotton Day: 7th October: October 7 is celebrated each year as World Cotton Day. 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). The theme looks at sustainable farming of cotton to help improve the lives of cotton workers, such as labourers and smallholders and their families.

World Cotton Day History: The first World Cotton Day was proposed by the World Trade Organization on October 7, 2019, by the Cotton Four, four sub-Saharan African cotton producers Benin, Burkina Faso, Chad, and Mali, collectively known as the Cotton Four (WTO).The Cotton-4 countries` initiative to organise World Cotton Day was welcomed by the WTO on October 7, 2019. Together with the secretariats of the United Nations Conference on Trade and Development, the International Cotton Advisory Committee, and the United Nations Food and Agriculture Organization (FAO), the WTO Secretariat organised the event (UNCTAD).

Note: World Trade Organization Headquarters: Geneva, Switzerland; World Trade Organization Founded: 1 January 1995; World Trade Organization Director-General: Ngozi Okonjo-Iweala.

 

OTHER UPDATES:

 

SPORTS

 

1. FIBA Women’s Basketball World Cup: USA beat China to secure 11th world title: The United States defeated China (83-61) to win the International Basketball Federation (FIBA) Women’s Basketball World Cup at the Sydney Superdome, Australia. The Americans bagged their fourth title in a row and 11th in total and have also sealed a spot at the Paris 2024 Olympic Games. A’Ja Wilson and Chelsea Gray were the star performers for the US. Wilson contributed 19 points and five rebounds while compatriot Gray got 10 points and an impressive eight assists.

For the Chinese, Yueru Li was the standout performer, with 19 points and 12 rebounds, only to finish on the losing end. In the other game, Canada 95-65 in the third-place game. Australia’s legend Lauren Jackson scored a stellar 30 points that helped the hosts past Canada 95-65 in the bronze medal match.

Note: International Basketball Federation Founded: 18 June 1932; International Basketball Federation Headquarters: Mies, Switzerland; International Basketball Federation President: Hamane Niang; International Basketball Federation Secretary General: Andreas Zagklis.

 

BUSINESS AND ECONOMY

 

1. India’s Current Account Deficit Rises 2.8% to USD 23.9 billion in Q-1: India’s current account deficit (CAD), a key indicator of balance of payment of a country, has widened to $23.9 billion, which is 2.8% of the GDP, in the first quarter of the current financial year 2022-23. This is up from $13.4 billion (1.5% of the GDP in Q4 of FY2022) and a surplus of $6.6 billion (0.9% of the GDP) a year ago period of Q1FY22, according to the data released by the RBI’s Balance of Payments. Key Points:

a)      The widening trade deficit, or the gap between the value of imports and exports, puts pressure on the balance of payments.

b)      India’s trade deficit during the first five months of 2022-23 has widened to $124.5 billion from $54 billion in the previous corresponding period. In the entire fiscal 2021-22, the trade deficit was at $189.5 billion.

c)       CAD is expected to remain within 3% of the GDP in 2022-23 as against 1.2% during the last fiscal, an article published in the RBI bulletin said earlier.

d)      Meanwhile, India Ratings had expected CAD to hit a 36-quarter high of 3.4% of GDP or $28.4 billion in the June quarter, against a 0.9% surplus a year ago.

e)      In the March 2022 quarter, the deficit was a moderate 1.5% or $13.4 billion, while in Q1FY22 the current account surplus was $6.6 billion or 0.9% of GDP when the country was hit by the second wave of the pandemic, according to the agency.

 

2. 1.47 Lakh Crore GST Collected in the Month of September 2022: The gross GST revenue collected in the month of September 2022 is ₹ 1,47,686 crore of which CGST is ₹ 25,271 crore, SGST is ₹ 31,813 crore, IGST is ₹ 80,464 crore (including ₹ 41,215 crore collected on import of goods) and Cess is ₹ 10,137 crore (including ₹ 856 crore collected on import of goods). The government has settled ₹ 31,880 crore to CGST and ₹ 27,403 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of September 2022 is ₹ 57,151 crore for CGST and ₹ 59,216 crore for the SGST.

 

3. Pegatron start iPhone manufacturing in Chennai, becomes 3rd in India: With the opening of a factory in Mahindra World City in Chennai, Taiwan’s Pegatron became the third Apple supplier to establish a production facility in India. It will put about Rs 1,100 crore into the facility, which might lead to the creation of 14,000 employment. The other two Apple suppliers with facilities in India are the Taiwanese companies Foxconn and Wistron. Key Points:

a)      The opening of Pegatron’s factory coincides with Apple’s anticipated relocation of at least a quarter of its manufacturing operations to India by 2025.

b)      In February of last year, it and the Tamil Nadu government inked an agreement known as an MoU. The production-linked incentive programme of the central government received an application from the electronics firm.

c)       Hosur, Coimbatore, and Sriperumbudur will be transformed into centres for the production of electronics by Tamil Nadu.

d)      20% of the nation’s electronics are produced with help from the state. Among the state’s main investments are Samsung, Foxconn, Tata Electronics, and Dell. Stalin claimed that the government was improving the supply chain.

 

AWARDS AND HONOURS

 

1. Nobel Prize In Physics 2022: Alain Aspect, John F Clauser and Anton Zeilinger awarded Nobel Prize: The Royal Swedish Academy of Sciences announced, the Nobel Prize in Physics 2022 was awarded to Alain Aspect (France), John F. Clauser (USA) and Anton Zeilinger (Austria) for their work on quantum mechanics. The 2022 Nobel Prize in Physics has been awarded “for experiments with entangled photons, establishing the violation of Bell inequalities, and pioneering quantum information science,”.

About the research: The 2022 physics laureates’ development of experimental tools has laid the foundation for a new era of quantum technology. Being able to manipulate and manage quantum states and all their layers of properties gives us access to tools with unexpected potential. Intense research and development are underway to utilise the special properties of individual particle systems to construct quantum computers, improve measurements, build quantum networks and establish secure quantum encrypted communication.

 

OBITUARIES

 

1. Suzlon Energy chairman Tulsi Tanti passes away: Tulsi Tanti, founder and chairman of wind turbine maker Suzlon Energy Ltd passed away. He was 64. He was born in Gujarat and studied commerce and mechanical engineering. Tanti set up Suzlon in 1995 and spearheaded growth in the Indian wind energy sector by championing affordable and sustainable energy policies. Tanti started a textiles business and invested in two wind turbines in 1990 because of inadequate power supply in his area, according to a profile note by the UNEP, which named him one of its “Champions of the Earth” in 2009.