Current Affairs October 02nd & 03rd 2022| Current Affairs News

October 3, 2022

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CURRENT AFFAIRS: IMPORTANT DAYS

2nd October 2022: Gandhi Jayanti:

Every year on October 2nd, people celebrate Gandhi Jayanti to remember the “Father of the Nation,” Mohandas Karamchand Gandhi.
According to a declaration made by the United Nations General Assembly on June 15, 2007, this day is also observed as the International Day of Non-Violence.
On October 2, 1869, Mahatma Gandhi was born in Porbandar, a small town in Gujarat.
He studied law in the United Kingdom and practiced in South Africa.
Gandhiji wrote about his infancy and adolescent years, his marriage to Kasturba at the age of 13, and his unwavering love for his country in his autobiography “My Experiments with Truth.”
Gandhiji was a pioneer of truth and nonviolence, and he set an example of simple living and noble thinking.

CURRENT AFFAIRS: NATIONAL NEWS

Prime Minister laid the foundation stone of the World’s First CNG Terminal and brownfield port along with Regional Science Centre in Bhavnagar:

Three years after a formal agreement was signed for setting up the world’s first CNG terminal in Gujarat, Prime Minister Narendra Modi will lay the foundation stone for the project at Bhavnagar.
The Foresight Group signed a Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for the development of a CNG terminal in Gujarat during the Vibrant Gujarat Global Business Summit 2019.
The Government of Gujarat accepted the project proposal and GMB issued a Letter of Intent (LOI) in September 2020 in the name of Bhavnagar Port Infrastructure Private Limited (BPIPL), a special purpose vehicle formed by the consortium.
The brownfield port at Bhavnagar will be developed at Rs 4,024 crore and will have the state-of-the-art infrastructure for the world’s first CNG terminal along with the world’s fourth largest lock gate system.
The construction of the port is expected to commence in the first half of 2023 and the port will be operational in 2026.
Prime Minister will also inaugurate the Regional Science Centre in Bhavnagar which is spread over 20 acres and built at Rs 100 crore.
The Regional Science Centre (RSC) Bhavnagar is situated near Das Nala, Nari Gam.

The government to make mandatory 6 airbags rule for passenger cars will come into force from1 October 2023

Union Road Transport and Highways Minister Nitin Gadkari announced the mandatory 6 airbags rule for passenger cars will come into force in October 2023.
The road transport ministry had earlier planned to make six airbags mandatory in eight-seater vehicles for enhanced safety of occupants from 1 October 2022.
The government had to defer the implementation of the proposal to make six airbags mandatory in passenger cars by a year due to global supply-chain constraints.
An airbag is a vehicle occupant-restraint system that interferes between the driver and the vehicle’s dashboard during a collision, thereby preventing serious injuries.
According to National Crime Records Bureau (NCRB) data, more than 1.55 lakh lives were lost in road crashes across India last year – an average of 426 daily or 18 every single hour – which is the highest death figures recorded in any calendar year so far.
According to the report titled ‘Road accidents in India – 2020’, over 11% of deaths and injuries were caused due to the non-usage of seat belts.

CURRENT AFFAIRS: STATE NEWS

Haryana develops the world’s largest safari, park to cover 10,000 acres

The Government of Haryana will develop the world’s largest jungle 10,000-acre safari park which will cover Gurugram and Nuh districts in the Aravalli range.
The Jungle safari project of Haryana would be a joint project of the Ministry of Environment, Forest and Climate Change and the Haryana government.
An Aravalli Foundation will be set up to manage the project.
It will not only boost tourism but also provide employment opportunities to residents.
As per a survey conducted a few years ago, 180 species of birds, 15 species of mammals, 29 species of aquatic animals and reptiles, and 57 species of butterflies were found in the Aravalli range.

About jungle safari park :

The park would include a large herpetarium (a zoological exhibition space for reptiles and amphibians), aviary/bird park, four zones for big cats, a large area for herbivores, an area for exotic animal birds, an underwater world, nature trails, visitors, tourism zones, botanical gardens, biomes, equatorial, tropical, coastal, desert, etc.

Note :

The Jungle safari park is 5 times larger in size than Sharjah Safari Park, United Arab Emirates (UAE), and is home to the largest curated safari park outside Africa.
Sharjah Safari opened in February 2022, covering an area of about 2,000 acres.

About Haryana :

Governor: Bandaru Dattatreya
Chief minister: Manohar Lal Khattar
Capital: Chandigarh
Festival : Gangore, Baisakhi, Teej, Lohri
Dance: Dhamal, Khoria, Ghoomar

A&N becomes India’s first state/UT to achieve 100 percent coverage of precautionary dose

Andaman Nicobar (A&N) Islands become India’s first state/Union Territory (UT) to achieve a 100% coverage of precautionary dose.
To date, more than 2,87,216 beneficiaries aged 18 have been vaccinated with a precautionary dose.
The rate of vaccination has seen a spike after the 15th of July 2022 when the Government decided to provide precautionary doses free of cost under ‘Azadi ka Amrit Mahotsav’.
To intensify the campaign, healthcare workers reached households and numerous camps were organized in urban and rural areas.
The set target has been achieved before the set time limit of the 30th of September 2022.
First, the Nicobar district has been fully vaccinated with a precautionary dose & afterward, the North and Middle Andaman and South Andaman districts were fully covered.
Corbevax along with Covishield have been administered as a precautionary dose in the islands.
Apart from this, the set target of youths under the 15-18 yrs & 12-14 yrs age category have also been fully vaccinated.

About A&N :

Lieutenant Governor: Admiral (Retd.) Devendra Kumar Joshi
Capital: Port Blair

CURRENT AFFAIRS: BANKING & FINANCE

RBI hikes repo rate by 50 basis points to 5.9%

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) headed by RBI Governor Mr. Shaktikanta Das decided to increase Repo Rate by 50 basis points to 5.90%.
This is the RBI’s fourth rate hike in the current financial year.
Consequently, the standing deposit facility (SDF) rate is adjusted to 5.65% & the marginal standing facility (MSF) rate and the Bank Rate to 6.15%, the Fixed Reverse Repo Rate: 3.35%, Cash Reserve Ratio (CRR): 4.50%, Statutory liquidity ratio (SLR) 18.00%.

GDP :

The Governor informed that the RBI’s growth projection for the Indian economy for 2022-23 is projected at 7.0% with Q2 at 6.3%; Q3 at 4.6%; and Q4:2022-23 at 4.6%, with risks broadly balanced.
The growth for Q1 of 2023-24 is projected at 7.2%.
The RBI has retained its inflation projection at 6.7% for this fiscal year.
India’s foreign exchange reserves: $537.5 billion

About the Monetary Policy Committee :

Section 45ZB of the amended RBI Act, 1934 provides for an empowered six-member monetary policy committee (MPC) to be constituted by the Central Government by notification in the Official Gazette.

Members of the MPC :

Chairperson- Shaktikanta Das
Michael Debabrata Patra
Rajiv Ranjan
Ashima Goyal
Shashank Bhide
Jayanth Varma

Members 1 to 3 are officials from the RBI and members 4 to 6 are appointed by the central government.

About RBI :

Established: 1 April 1935
Headquarters: Mumbai, Maharashtra, India
Governor : Shaktikanta Das
Deputy Governor: Mahesh Kumar Jain, Rajeshwar Rao, Michael Patra, and T. Rabi Shankar

World Bank & SIDBI to launch USD 1 billion fund financing purchase of electric 2 & 3 Wheelers

The Government of India (GoI), World Bank (WB), and Small Industries Development Bank of India (SIDBI) are set to launch a $1 billion fund to provide guarantees against loan default to lenders financing the purchase of electric 2- and 3-wheelers.
The National Institution for Transforming India (NITI Aayog) is the facilitating agency for the project.

Aim :

To facilitate faster and easier financing of electric vehicles.
Partial credit guarantee and first loss risk sharing instruments are some of the most effective financial solutions to foster the transition and increase electric mobility uptake.
The instrument would act as a hedging mechanism, for banks to access in case of defaults of loans on the purchase of electric vehicles
Currently, loans for electric two-wheelers and three-wheelers attract 20-25% interest per annum.
This is expected to bring down the cost of financing EVs by 10-12%.
In FY23, EV sales in India are expected to cross a million units, an 84% rise year-on-year (y-o-y).

About WB :

Established: December 1945
Headquarters: Washington, D.C., United States
President : David Malpass

About SIDBI :

Established: 2 April 1990
Headquarters: Lucknow, Uttar Pradesh, India
MD & CEO : Shri Sivasubramanian Ramann
SIDBI is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India.
It is under the jurisdiction of the Ministry of Finance, Government of India.

CURRENT AFFAIRS: BUSINESS NEWS

The government has now decided to borrow ₹14.21 trillion in the current fiscal:

The government has now decided to borrow ₹14.21 trillion in the current fiscal, as against ₹14.31 trillion estimated in the budget.
Backed by buoyant revenue collections, the government has decided to lower borrowing for the current fiscal by ₹10000 crores than earlier projected for 2022-23 in the budget.
Government is confident of achieving the fiscal deficit target for 2022-23 of 6.4% of GDP.
However, the borrowing for the second half will remain the same as earlier estimated at ₹5.92 trillion, which includes ₹16000 crores of its sovereign green bond offering.
The government finances its fiscal deficit through several means, including raising money from capital markets by issuing different instruments like treasury bills and bonds.
The fiscal deficit, which is the excess of government spending over revenues is estimated at ₹6 trillion, or 6.4% of GDP.
The direct tax collections in the first six months of the fiscal are higher by 23% over the corresponding period last year at ₹700,669 crores.

CURRENT AFFAIRS: AWARDS AND HONOUR

Cochin International Airport Limited has been awarded the Airport Service Quality (ASQ) award 2022

The Cochin International Airport Limited (CIAL) has been awarded the Airport Service Quality (ASQ) award 2022 by the Airport Council International (ACI).
The award is considered to be the highest honour in the global aviation sector.
CIAL received the award in the 5-15 million passenger category of airports operating in the Asia-Pacific region.
The award is for its implementation of the ‘Mission Safeguarding’ program, which ensured seamless traffic and reinforced passenger satisfaction in the aftermath of the pandemic.
The award was handed over to the Managing Director of CIAL S Suhas IAS, by the ACI World Director General Luis Felipe de Oliveira at a function held in Krakow, Poland, on September 14.
Earlier in March of this year, CIAL received the ‘Covid champion’ award at Wings India 2022, for the successful implementation of ‘Mission Safeguarding’.

Sunil Gavaskar has been awarded the gold medal of SJFI:

Legendary cricketer Sunil Gavaskar has been awarded the gold medal of the Sports Journalists Federation of India (SJFI).
The SJFI gold medal was presented by former BCCI Secretary SK Nair and BCCI Joint Secretary Jayesh George.
A citation and honorary life membership of SJFI were also awarded.
The event was presided over by SJFI All India President and senior journalist A. Vinod.
Former Indian cricketer, coach, and prominent commentator Ravi Shastri were also felicitated on the occasion.
Honorary life membership was also given to Ravi Shastri.

About SJFI:

SJFI was founded on 27th February 1976 at the Eden Gardens, Calcutta (now Kolkata), West Bengal.

CURRENT AFFAIRS: RANKING AND INDEX

Global Innovation Index: India enters the top 40 for the first time:

India has made remarkable progress in the global innovation index ranking finding a place in the top 40, in the annual report released by the World Intellectual Property Organisation (WIPO).
According to the report, Switzerland, the United States, Sweden, the United Kingdom, and the Netherlands are the world’s most-innovative economies.
Earlier in 2020, India entered the top 50 in 2020 and found a place in the top 40 in 2022.
Despite the COVID-19 pandemic, the research and development (R&D) and other investments that drive worldwide innovative activity continued to boom in 2021.
The GII 2022 report — in its 15th edition this year — is published by WIPO, in partnership with the Portulans Institute and with the support of its corporate partners including the Confederation of Indian Industry (CII), the Brazilian National Confederation of Industry (CNI), Ecopetrol (Colombia), and the Turkish Exporters Assembly (TIM).
This edition’s thematic focus on the future of innovation-driven growth provides a stance on whether stagnation and low productivity growth are here to stay, or whether we are about to enter a new era.
Beyond China and India, Viet Nam (48th), the Islamic Republic of Iran (53rd), and the Philippines (59th) are the middle-income economies with the fastest innovation catch-up to-date
India, the Islamic Republic of Iran, and – for the first time – Uzbekistan (82nd) and Pakistan (87th) lead the Central and Southern Asia region.

About WIPO:

The World Intellectual Property Organization is one of the 15 specialized agencies of the United Nations.
Headquarters: Geneva, Switzerland
Founded: 14 July 1967, WIPO Director General Daren Tang.

Akash Ambani is the only Indian to feature on the prestigious list Time Magazine’s Time100 Next list:

The Time Magazine’s Time100 Next list is out, and there is only one Indian to feature on the prestigious list and, it’s Akash Ambani, whom Time calls the “scion of Indian industrialist royalty”.
When he was 22, he became a part of the Reliance Jio Infocomm Ltd board.
In June, the 30-year-old replaced father Mukesh Ambani as the chairman of India’s largest telecom company with more than 426 million subscribers.
As per Time, a career in business was always anticipated for Akash.
Since joining the Jio board, Akash has been instrumental in securing multibillion-dollar investments from Google and Facebook.
Time Magazine’s emerging leaders’ list includes people like Spanish tennis player Carlos Alcaraz, American singer SZA, Once Upon a Time in Hollywood Actress Sydney Sweeney, basketball player Ja Morant and TV personality Keke Palmer.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Data Security Council of India appoints Mr. Vinayak Godse as the new CEO

NASSCOM-established leading industry body Data Security Council of India (DSCI) has appointed senior vice president Mr. Vinayak Godse to the position of Chief Executive Officer (CEO)
He will succeed Rama Vedashree, who served DSCI for nearly 6 years.

About Mr. Vinayak Godse :

Godse has been with DSCI since its founding and has over 27 years of expertise in information security, IT transformation, intelligent networking, and telecommunications infrastructure.
He worked with the Global Consulting Practice of Tata Consultancy Services (TCS) in Information Risk Management and also worked as a Telecom Engineer at Bharat Sanchar Nigam limited.
He also has been managing the National Center of Excellence for Cybersecurity Technology and Entrepreneurship, a joint initiative of DSCI and the Ministry of Electronics and Information Technology.

Note :

President of NASSCOM: Debjani Ghosh

About DSCI :

Founded: August 2008
Headquarters: Noida, Uttar Pradesh, India
Chairman : Rajendra S Pawar

Hero MotoCorp Appoints Movie Star Ram Charan as New Brand Ambassador

The world’s largest manufacturer of motorcycles and scooters, Hero MotoCorp Limited has appointed Indian superstar, Ram Charan as the new brand ambassador.
He is seen riding the gorgeous Glamor in Nexus Blue Color in the high-decibel, energizing campaign for Glamor XTEC – Gazab Style, Gazab Technology.

About Ram Charan :

Konidela Ram Charan Teja is an Indian actor, producer, and entrepreneur who works predominantly in Telugu cinema.
His notable works include Racha (2012), Naayak (2013), Yevadu (2014), Govindudu Andarivadele (2014), and Dhruva (2016).

Awards & Honors :

He is the recipient of three Filmfare Awards and two Nandi Awards, a Special Jury Award, and a state award Presented by the Government of Andhra Pradesh (AP) for Magadheera in 2010 & Chiruta in

About Hero MotoCorp :

Founded: 19 January 1984
Headquarters: New Delhi, Delhi, India
Chairman, MD & CEO : Pawan Munjal
It is a joint venture between the Hero Group of India and Honda Motor Company of Japan.

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

CCI approves acquisition of Assets of Essar Group by ArcelorMittal Nippon Steel India Limited

The Competition Commission of India (CCI) approves the acquisition of Assets of Essar Group (Target) by ArcelorMittal Nippon Steel India Limited (AMNS – Acquirer)
The proposed combination involves the acquisition of certain assets
Power Assets (Essar Power Hazira Limited (EPHL), Gandhar Hazira Transmission Limited (GHTL))
Port Assets (Hazira Cargo Terminals Limited (HCTL), Ibrox Aviation & Trading Private Limited (IATPL), Essar Bulk Terminal Limited (EBTL), Essar Bulk Terminal Paradip Limited (EBTPL), Essar Vizag Terminals Limited (EVTL))
Other Assets (Snow White Agencies Private Limited (SWAPL), Bhagwat Steel Limited (BSL))
AMNS is a Joint Venture between ArcelorMittal S.A. (AM) and its affiliates and Nippon Steel Corporation, Japan (NSC)
EPHL is a power plant adjacent to AMNS, Hazira, Gujarat, and comprises two generation units of 135-MW capacity each and is used by the acquirer for captive purposes.

About CCI :

Established: 14 October 2003
Headquarters: New Delhi, Delhi, India
Chairman: Ashok Kumar Gupta
The CCI is the chief national competition regulator in
It is a statutory body within the Ministry of Corporate Affairs.

CCI approves the acquisition of the share capital of 18 subsidiaries of Mytrah Energy (India) Private Limited by JSW Neo Energy Limited

The Competition Commission of India (CCI) approves the acquisition of the share capital of 18 subsidiaries of Mytrah Energy (India) Private Limited by JSW Neo Energy Limited under Section 31(1) of the Competition Act, 2002.
The proposed combination pertains to the acquisition of the shareholding of 18 subsidiaries (Targets) of Mytrah Energy (India) Private Limited (Mytrah) through individual share purchase agreements by JSW Neo Energy Limited (Acquirer) (Proposed Combination).
The Acquirer will acquire an operational renewable portfolio of 1,753 MW.

About JSW Neo Energy Limited (Acquirer):

It is a wholly-owned subsidiary of JSW Energy Limited (“JEL”).
It was incorporated as per JEL’s proposed reorganization of its energy business into grey (thermal) and green (renewable).
Currently, the Acquirer is engaged in power generation through renewable sources of energy such as hydro and solar.

About Mytrah Energy (India) Private Limited (Targets) :

The Targets are subsidiaries of Mytrah and are engaged in power generation through renewable sources of energy, viz., wind and solar.

CCI approves the acquisition by Adani Power Ltd of the share capital of Diliigent Power Pvt Ltd and DB Power Ltd

The Competition Commission of India (CCI) approves the acquisition by Adani Power Limited (Acquirer) of the share capital of Diliigent Power Private Limited (Diliigent Power) and DB Power Limited (DB Power)
The Acquirer is a publicly listed company incorporated in India with its shares listed on BSE Limited as well as the National Stock Exchange of India Limited.
It is a power company with 8 operational power plants in India.
It has a power generation capacity of 13,650 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh and a 40 MW solar power project in
Diligent Power is primarily engaged in the activities of a holding company & it also provides project management and consultancy services, limited to DB Power.
DB Power operates a coal-based thermal power plant with an installed capacity of 1200 MW per hour in

CURRENT AFFAIRS: DEFENCE NEWS

India signs deal with Armenia for export of missiles & weapon systems

India has signed an 2,000 crores (US$ 244.78 million) million deal to export arms and ammunition to Armenia, which is currently engaged in a tense stand-off with its neighbor Azerbaijan.
First, India will also export indigenous Pinaka multi-barrel rocket launchers (MBRL).
The Pinaka system has been developed by Defence Research and Development Organisation (DRDO) and is manufactured by Indian private firms.
The rocket system, which is currently in service with the Indian Army, can fire a salvo of 12 rockets in 44 seconds.
Armenia is also set to get anti-tank rockets as well as a range of ammunition from India under the bundled deal.

Key Highlights :

The Center has set a target to sell weapon systems worth Rs 35,000 crore abroad by 2025.
The defense exports last year stood close to Rs 13,000 crore, mainly driven by the private sector
In 2020-21, India exported equipment worth $90 million compared to $23 million in 2014-15.
In January 2022, India inked a $375 million deal with the Philippines to provide the BrahMos cruise missile to the country’s navy.
The central government first supplied four Swathi radars to the Asian nation in 2020 for an estimated Rs 350 crore.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

Chinese Scientists develops the world’s first cloned wild Arctic wolf ‘Maya’

Scientists in China have successfully created the world’s first cloned arctic wolf (Canis lupus arctos), Maya was born to a beagle on June 10, 2022, in a Beijing lab by the Sinogene Biotechnology Company.
Sinogene researchers used donor cells from a wild female Arctic wolf to construct 137 new embryos from canine oocytes (developing eggs), which they then implanted in 7 beagles.
Sinogene Biotechnology put her cells into an egg from a female Beagle, which shares genetic ancestry with arctic wolves.

About Arctic wolf ‘Maya’ :

The cloning of the Arctic wolf, also known as the white wolf or polar wolf, is native to the High Arctic tundra of Canada’s Queen Elizabeth Islands.
The cloned wolf is expected to live at the arctic-themed park Harbin Polarland and be shown to the public.
The first animal to be cloned was Dolly the sheep in 1996 & it died in February 2003, from a lung infection.

CURRENT AFFAIRS: BOOKS AND AUTHOR

Yatinder Mishra authored a new book titled Lata: A Life in Music

On the 93rd birthday of India’s most iconic vocal artist Lata Mangeshkar, Penguin Random House India has announced the acquisition and publication of her biography titled, Lata: A Life in Music.
Originally written in Hindi by writer-poet Yatindra Mishra, this is its timely and monumental translation by the award-winning writer and translator, Ira Pande.
Celebrating art in its totality and telling the life story of India’s most loved singer of all time, this book is scheduled to release in early 2023 under Penguin’s Vintage imprint.
The original Hindi version of this book, Lata: Sur-Gatha, won the 64th National Film Award and the MAMI Award for Best Writing on Cinema (2016–17).

CURRENT AFFAIRS: OBITUARIES

Former MP & 1st Chairperson of National Commission for Women Jayanti Patnaik passes away

Four-time Congress Member of Parliament (MP) & first chairperson of the National Commission for Women (NCW) and wife of late Odisha Chief Minister Janaki Ballav Pattnaik Jayanti Patnaik passed away at the age of 90 in Odisha.

About Jayanti Patnaik :

Jayanti Patnaik was born in 1932 in Aska, Ganjam district of Odisha.
She was elected from Cuttack and Berhampur Lok Sabha constituencies in 1981, 1984, and 1998 & She was nominated to Rajya Sabha in 1996.
She also held the post of president of the All India Mahila Congress from 1998 to 1990.
She was the first chairperson of NCW from February 3, 1992, to January 30, 1995, & second chairperson of the All India Mahila Congress.
She was also known for her literary skills having translated KM Munshi’s Krishnavatara into Odia.

Daily CA on October 2 & 3:

Every year on October 2nd, people celebrate Gandhi Jayanti to remember the “Father of the Nation,” Mohandas Karamchand Gandhi.
Three years after a formal agreement was signed for setting up the world’s first CNG terminal in Gujarat, Prime Minister Narendra Modi will lay the foundation stone for the project at Bhavnagar.
Union Road Transport and Highways Minister Nitin Gadkari announced the mandatory 6 airbags rule for passenger cars will come into force in October 2023.
The government has now decided to borrow ₹21 trillion in the current fiscal, as against ₹14.31 trillion estimated in the budget.
The Cochin International Airport Limited (CIAL) has been awarded the Airport Service Quality (ASQ) award 2022 by the Airport Council International (ACI).
Legendary cricketer Sunil Gavaskar has been awarded the gold medal of the Sports Journalists Federation of India (SJFI).
India has made remarkable progress in the global innovation index ranking finding a place in the top 40, in the annual report released by the World Intellectual Property Organisation (WIPO).
The Time Magazine’s Time100 Next list is out, and there is only one Indian to feature on the prestigious list and, it’s Akash Ambani, whom Time calls the “scion of Indian industrialist royalty”.
On the 93rd birthday of India’s most iconic vocal artist Lata Mangeshkar, Penguin Random House India has announced the acquisition and publication of her biography titled, Lata: A Life in Music.

India has entered into a collaboration with California for research and innovation in the field of Zero-Emission Vehicles (ZEV) to spur the development of its Electric Vehicle (EV) industry and address climate risks.
The Government of Haryana will develop the world’s largest jungle 10,000-acre safari park which will cover Gurugram and Nuh districts in the Aravalli range.
Andaman Nicobar (A&N) Islands become India’s first state/Union Territory (UT) to achieve a 100% coverage of precautionary dose.
The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) headed by RBI Governor Mr. Shaktikanta Das decided to increase Repo Rate by 50 basis points to 5.90%.
The Government of India (GoI), World Bank (WB), and Small Industries Development Bank of India (SIDBI) are set to launch a $1 billion fund to provide guarantees against loan default to lenders financing the purchase of electric 2- and 3-wheelers.
NASSCOM-established leading industry body Data Security Council of India (DSCI) has appointed senior vice president Mr. Vinayak Godse to the position of Chief Executive Officer (CEO)
The world’s largest manufacturer of motorcycles and scooters, Hero MotoCorp Limited has appointed Indian superstar, Ram Charan as the new brand ambassador.
The Competition Commission of India (CCI) approves the acquisition of Assets of Essar Group (Target) by ArcelorMittal Nippon Steel India Limited (AMNS – Acquirer)
The Competition Commission of India (CCI) approves the acquisition of the share capital of 18 subsidiaries of Mytrah Energy (India) Private Limited by JSW Neo Energy Limited under Section 31(1) of the Competition Act, 2002.
The Competition Commission of India (CCI) approves the acquisition by Adani Power Limited (Acquirer) of the share capital of Diliigent Power Private Limited (Diliigent Power) and DB Power Limited (DB Power)
India has signed an Rs. 2,000 crores (US$ 244.78 million) million deal to export arms and ammunition to Armenia, which is currently engaged in a tense stand-off with its neighbor Azerbaijan.
Scientists in China have successfully created the world’s first cloned arctic wolf (Canis lupus arctos), Maya was born to a beagle on June 10, 2022, in a Beijing lab by the Sinogene Biotechnology Company.
Four-time Congress Member of Parliament (MP) & first chairperson of the National Commission for Women (NCW) and wife of late Odisha Chief Minister Janaki Ballav Pattnaik Jayanti Patnaik passed away at the age of 90 in Odisha.