Current Affairs October 05th & 06th 2022| Current Affairs News

October 10, 2022

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CURRENT AFFAIRS: IMPORTANT DAYS

5th October 2022: World Teacher’s Day

World Teachers’ Day is observed every year on October 5 across the globe to recognize and celebrate educators including teachers, researchers, and professors’ work
The theme this year for International Teachers’ Day 2022 is “The Transformation Of Education Begins With Teachers”.

History:

October 5 was recognized as World Teachers’ Day by UNESCO in 1994, to honor the adoption of the UNESCO/ILO Recommendation.
This was a part of the intergovernmental conference convened by UNESCO in Paris that recognized the status of teachers in cooperation with the International Labour Organization (ILO).
After the adoption of this recommendation, the United Nations Educational, Scientific and Cultural Organization (UNESCO) declared October 5 to be World Teachers’ Day.

CURRENT AFFAIRS: NATIONAL NEWS

Delhi IGI Airport – has made its facility compliant with the 5G network:

India’s largest airport – Delhi IGI Airport – has made its facility compliant with the 5G network, and passengers will be able to use the service once telecom service providers roll out the technology.
While many Indian consumers are waiting for telecom companies to start 5G services, there have been concerns about its possible interference with critical aircraft systems, and many are wondering if the latest rollout in Delhi will impact flights.
Delhi’s Indira Gandhi International Airport (DEL) has made its premises compatible with 5G technology and is the first airport in the country to do
Delhi International Airport Limited (DIAL), which operates the airport.

PMMY logged a record 30 percent growth in the first half of the current fiscal:

The disbursal of small business loans under Pradhan Mantri Mudra Yojana (PMMY) logged a record 30 percent growth in the first half of the current fiscal ended September compared to the same period last year.
It is a flagship scheme of the Ministry of Finance, Government of India, launched on 8th April 2015.
It is a Financial Inclusion (FI) program in the country based on three pillars – Banking the Unbanked, Securing the Unsecured, and Funding the Unfunded.
Types of loans: Shishu – Covering loans up to Rs 50,000;
Kishor – Covering loans above Rs 50,000 and up to Rs 5 lakh;
Tarun – Covering loans above Rs 5 lakh and up to Rs 10 lakh.
Eligibility: Any Indian Citizen who has a business plan for a non-farm sector income generating activities such as manufacturing, processing, trading, or service sector.
They can avail from all Public Sector Banks, Regional Rural Banks and Cooperative Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions (MFI), and Non-Banking Finance Companies (NBFC) up to Rs 10 lakhs Micro Units Development & Refinance Agency Ltd. (MUDRA) loans under PMMY.

ONDC started its beta testing process with small retailers across 16 pin codes in Bangalore.

The government’s ambitious open network e-commerce platform, the Open Network for Digital Commerce (ONDC), started its beta testing process with small retailers across 16 pin codes in Bengaluru.
As per government sources as many as 497 sellers, and 17 apps were live on the platform on the first day of its going live.
As many as 100,000 products were listed on the platform on the first day across grocery, food, and beverages categories.
ONDC, which is based on open specifications, will boost small merchant digitization and e-commerce scale and will reduce the dominance of big players such as Amazon and Walmart-backed Flipkart.
It is an initiative of the Ministry of Commerce and Industry. Anil Agarwal, additional director, Department of Promotion of Industries and Internal Trade (DPIIT).
The platform will host buyer and seller apps separately, unlike e-commerce platforms like Amazon and Flipkart, which are both buyers and sellers platforms.
Three buyers apps – Paytm, Spicemoney and Mystore – were on the platform on the first day of the beta testing.
Apart from them, Dunzo, Load share, and Shiprocket were the logistics service providers.

CURRENT AFFAIRS: INTERNATIONAL NEWS

India & New Zealand Navies Sign Pact On White Shipping Information Exchange

The Indian Navy signed an agreement on White Shipping Information Exchange with the Royal New Zealand Navy to promote greater transparency in the Maritime Domain.
The white shipping information refers to the exchange of prior information on the movement and identity of commercial non-military merchant vessels.
The agreement was signed between Navy chief Admiral R Hari Kumar and Rear Admiral David Proctor, Chief of Royal New Zealand Navy (RNZN) during the former’s recent visit to New Zealand.
CNS Hari Kumar visited New Zealand from Sept 29 to Oct 1, 2022.
He was welcomed in the traditional Powhiri ceremony hosted by the RNZN leadership at the Te Taua Moana Marae.

About New Zealand :

Prime Minister : Jacinda Ardern
Capital: Wellington
Currency: New Zealand dollar ($)

CURRENT AFFAIRS: STATE NEWS

Chhattisgarh govt launches MGRIP scheme to develop cow sheds as rural industrial parks

Chhattisgarh Chief Minister Shri Bhupesh Baghel launched a scheme named Mahatma Gandhi Rural Industrial Parks (MGRIP) under which ‘gauthans’ (cow shelters in villages) will be developed as ‘rural industrial parks.

About MGRIP :

Under the scheme, around 300 gauthan cum industrial parks will be set up.
A total budget of ₹600 crores has been pooled in the current financial year’s budget.
The government of Chhattisgarh has set up gauthans in over 8,000 villages under its flagship scheme Suraji Gaon Yojna (village good governance scheme).
Cow dung procurement is being carried out in these gauthans at ₹2 per kilogram under Godhan Nyay Yojna and the dung is being used to prepare vermi-compost.
Under MGRIP, selected gauthans are being developed as rural industrial parks where apart from producing vermicompost, activities like poultry farming, fisheries, and food processing will also be carried out.

About Chhattisgarh :

Governor: Anusuiya Uikey
Chief minister: Bhupesh Baghel
Capital: Raipur
Festival : Bastar Dussehra, Bastar Lokutsab, Bhoramdeo Festival
Dance : Raut NachaDandya Raas

Telangana govt enhances ST reservation from 6% to 10%

The Telangana government has issued an order to increase the reservation for the Scheduled Tribe (ST) communities from 6% to 10%.
The order was issued by the Tribal Welfare Department.
The enhanced reservation will be applicable in educational institutions as well as in government jobs.
In this context, a bill was passed by the Telangana Assembly in April 2017 and it was sent to the Center for obtaining the President’s assent.
With this 4% hike, the total reservations in Telangana will go up to 54%.

About Telangana :

Governor: Tamilisai Soundararajan
Chief Minister : K. Chandrashekar Rao
Capital: Hyderabad
Festival : Bathukamma Festival, Bonalu, Ugadi
Dance : Kuchipudi, Perini Thandavam
River: Bhima River, Godavari, Krishna river

Telangana govt introduces ‘Aasara’ pension for poor

The Telangana government has introduced the ‘Aasara’ pensions as a part of its welfare measures and social safety net strategy.

Aim :

To ensure a 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.
Currently, the government of Telangana has sanctioned 10,000 new Aasara pensions under Asif Nagar Mandal jurisdiction.

About the Aasara pension scheme :

The Aasara pension scheme was launched on 8th November 2014 by the Government of Telangana.
In March 2022, the Finance Minister of Telangana allocated 11,728 crores to the Aasara Pension scheme.
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.
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.

CURRENT AFFAIRS: BANKING & FINANCE

SIDBI and Dun & Bradstreet India launches SIDBI–D&B SPeX dedicated to MSMEs

Small Industries Development Bank of India (SIDBI) and Dun & Bradstreet, the global leading provider of business decisioning data and analytics, signed a Memorandum of Understanding (MoU) to create the SIDBI -D&B Sustainability Perception Index (SIDBI – D&B SPeX), Coimbatore, Tamil Nadu (TN).

About SIDBI – D&B SPeX :

The Index, to be released every quarter, will capture the various business parameters that, when analyzed at an aggregate level, will provide valuable insights into the adoption of an ESG (Environmental, Social & Governance) framework.
The index will be presented as a quantitative measurement for policymakers and enablers to nudge businesses towards adopting an ESG framework in their business strategy over the coming years.
It will cover nearly 250 MSMEs every quarter from the D&B/SIDBI database of MSMEs.
It is planned to cover the sectoral and sub-sectoral perceptions/aspirations & preparedness.
It can assess the impact of regulations and government policy on environmental practices in the SME (Small & Medium enterprises) sector.
It can establish the Indian economy and markets (especially the mid-market segment) towards a sustainable future, attracting sustainable capital and investments.

About SIDBI :

Founded: 2 April 1990
Headquarters: Lucknow, Uttar Pradesh, India
Chairman & MD : 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.

About Dun & Bradstreet India :

Founded: 1995
Headquarters: Mumbai, Maharashtra
MD & CEO: Avinash Gupta

RBI to ease net banking norms for customers of regional rural banks

The Reserve Bank of India (RBI), has proposed to ease norms for internet banking for customers of Regional Rural Banks (RRBs).
Currently, RRBs are allowed to provide Internet Banking facilities to their customers with prior approval of the Reserve Bank, subject to fulfillment of certain financial and non-financial criteria.
To promote the spread of digital banking in rural areas, the criteria for RRBs to be eligible to provide internet banking are being rationalized.

About RRB :

RRBs are jointly owned by the central government, state government, and sponsor banks.
The ratio of holding for central government is 50%, state government 15%, and sponsor bank 35%.
RRBs provide various banking and financial services like MGNREGA wages disbursal, debit and credit cards, and Unified Payment Service (UPI), among others.
RRB was allowed to provide internet banking facilities in 2015.

About RBI :

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

Cabinet Approves 4% DA Hike For Central Govt Employees

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved a proposal to increase the dearness allowance (DA) & dearness relief (DR) of the central government employees and pensioners by 4% under the 7th Pay Commission with effect from July 1, 2022.
The increase in the DA and DR is based on the percentage increase in the 12 monthly average of the All India Consumer Price Index for the period ending June 2022.
The additional installment of DA and dearness relief (DR) is an increase of 4% over the existing rate of 34% of basic pay/pension & now, this has increased to 38%.
This is the second increase in the dearness allowance of the central government employee in 2022.

Key Highlights :

The impact of enhanced dearness allowance to the employees on the exchequer is estimated at Rs 6,591.36 crore per annum and Rs 4,394.24 crore in 2022-23 (8 months from July 2022 to February 2023).
In case of dearness relief, the impact would be Rs 6,261.20 crore per annum and Rs 4,174.12 crore in the current fiscal.
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be of the order of Rs 12,852.56 crore per annum and Rs 8,568.36 crore in the current financial year.
DA and DR are revised twice a year based on retail inflation-industrial workers.
This is done to compensate for the loss in purchasing power of the monthly salary/pension wealth due to inflation.
Dearness allowance (DA) is given to government employees, while dearness relief (DR) is for pensioners.

RBI may adopt an expected loss approach for banks’ loan provisioning

Governor Shri Shaktikanta Das announced that the Reserve Bank of India (RBI) adopted the “expected loss” approach for loan provisioning.
At present, the banks follow the “incurred loss” approach, where money is set aside after an asset turns sour.
RBI will release a discussion paper on the ‘expected loss-based approach’ for loan loss provisioning by banks.
The approach to make provisions or set aside money on the probable losses is a globally accepted prudent norm.
At present, larger non-bank lenders have already been using the expected loss approach for provisioning since 2018.

ICICI Bank launches special account for Indian students in the UK

ICICI Bank UK PLC, a wholly owned subsidiary of ICICI Bank Limited, offers a bank account to Indian students aspiring to study in the UK called, ‘HomeVantage Current Account’ (HVCA).
It is specially designed to meet every student’s banking needs in the

About HVCA :

The HomeVantage Current Account (HVCA), which comes with a Visa debit card valid for use anywhere in the world, can be activated digitally before the students leave India for the UK.
As an equivalent to savings accounts in India, the account holder can activate internet banking and mobile banking once it has been activated.
The students can opt for the physical debit card to be delivered to an Indian or UK address.
According to the latest UK Home Office data released in August 2022 Indians have overtaken China as the largest nationality being issued visas to study in UK institutions.
Nearly 118,000 Indian students received Student Visas for the year ending June 2022 an 89% increase from 2021.

About ICICI Bank :

Founded: 5 January 1994
Headquarters: Vadodara, Gujarat, India
MD & CEO: Sandeep Bakhshi
Tagline: Khayal Apka

NABARD sanctions Rs 222 cr to augment infrastructure in Punjab’s rural schools

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 221.99 crore from the Rural Infrastructure Development Fund (RIDF) to strengthen school infrastructure in rural schools in Punjab.

Aim of the Project :

To benefit a total of 3.80 lakh students, including likely new enrolment of 5 lakh students, in more than 3,500 villages.
The fund will be used to build 2,328 additional new classrooms, 762 labs, and 648 playgrounds in rural schools in all 23 districts of Punjab
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.
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 government.

About NABARD :

Founded: 12 July 1982
Headquarters: Mumbai, Maharashtra, India
NABARD was established on the recommendations of the Sivaraman Committee (by Act 61, 1981 of Parliament).
It is an apex regulatory body for the overall regulation of regional rural banks and apex cooperative banks in India.

RBI to release a discussion paper on the securitization of stressed assets framework

The Reserve Bank of India (RBI) will release a discussion paper on the Securitisation of Stressed Assets Framework (SSAF).
RBI has decided to introduce a framework for securitizing stressed assets to provide an alternative mechanism for securitizing non-performing assets (NPAs) in addition to the existing Asset Reconstruction Companies (ARC) route
Currently, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 provides a framework for the securitization of NPAs to be undertaken by Asset Reconstruction Companies (ARCs) licensed under the Act.
Earlier in September 2021, the revised framework for securitization of standard assets was issued by RBI.

RBI to stop 28-day VRRR will continue with 14-day auctions

The Reserve Bank of India (RBI) will stop conducting 28-day variable rate reverse repo (VRRR) auctions, considering the current banking system liquidity conditions, but will continue with 14-day VRRR auctions.
In Sep 2022, India’s banking system liquidity slipped into deficit & it currently stands at a deficit of 187 billion Indian rupees ($2.29 billion).
The RBI has been conducting 28-day VRRR auctions for 500 billion rupees since November 2021, but these auctions have not been fully subscribed for the last few months.
The RBI also conducts 14-day VRRR auctions for 2 trillion rupees and these too have failed to attract complete subscriptions in the last few weeks.

SBI launches ‘Gram Seva Program’ across 6 states of India

On the occasion of Gandhi Jayanti (Oct 02, 2022), State Bank Group Chairman Mr. Dinesh Khara, adopted 30 remote villages across Aspirational Districts in Haryana, Gujarat, Maharashtra, Punjab, Tamil Nadu (TN), and West Bengal (WB) under the 4th phase of the ‘SBI Gram Seva’ program.

About SBI Gram Seva Program :

SBI Gram Seva was launched in 2017 to build and develop Atmanirbhar Rural India.
It is one of the flagship programs of the SBI Foundation, the Corporate Social Responsibility (CSR) arm of the State Bank Group.
The program emphasizes the holistic development of villages by active intervention in areas like education, healthcare, livelihoods, and infrastructure.
The program has so far adopted 100 villages across 16 States in 3 phases.
The launch of the 4th phase of SBI Gram Seva takes the program’s outreach to a total of 130 villages, of which 75 villages are from Aspirational Districts notified by the NITI Aayog, Government of India.
Additionally, the SBI Gram Seva program covers 16 of the 17 SBI Circles in the country.

About SBI Foundation :

Founded: 2015
Headquarters: Mumbai, Maharashtra
MD & CEO : Shri Sanjay Prakash

About SBI :

Founded: 1 July 1955
Headquarters: Mumbai, Maharashtra, India
Chairman: Dinesh Kumar Khara
Tagline: The Banker to Every Indian

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

LIC increases its stake in Dr. Reddy’s Laboratories to 7.7%

Reddy’s Laboratories Ltd (DRL) informed that Life Insurance Corporation of India (LIC) has increased its stake to 7.7% from 5.65% stake.
Between June 15, 2022, and September 30, 2022, LIC purchased 33,86,486 shares of DRL, aggregating a 2.034% stake from the open market.

About Dr. Reddy’s Laboratories Ltd :

Founded: 1984
Headquarters: Hyderabad; Telangana, India
CEO: Erez Israeli
Reddy’s Laboratories is an Indian multinational pharmaceutical company.

About LIC :

Founded: 1 September 1956
Headquarters: Mumbai, Maharashtra, India
Chairperson : M R Kumar
Managing Director: B C Patnaik, Smt. Ipe Mini, Siddharth Mohanty, Rajkumar

CURRENT AFFAIRS: DEFENCE NEWS

Indian Air Force To Induct Its First Light Combat Helicopters In Jodhpur

The first batch of indigenously-developed Light Combat Helicopters (LCH) named ” Prachand” was inducted into the Indian Air Force (IAF) in Jodhpur, Rajasthan.
During the ceremony newly appointed Chief of Defence Staff (CDS) Shri Anil Chauhan along with Defence Minister Shri Rajnath Singh were also present.
LCH would join the 143 Helicopter Unit after being inducted.

Key Highlights :

The name Prachand means “fierce” & it is the name given to Light Combat Helicopters (LCH).
The LCH is a 5.5-tonne class dedicated combat helicopter designed and developed by Hindustan Aeronautics Ltd (HAL).
The LCH assault helicopter is the only one in the world that can land and take off at 5,000 meters while carrying a sizable load of ammunition and fuel.
LCH Limited Series Production (LSP) is an indigenously designed, developed, and manufactured state-of-the-art modern combat helicopter containing approximately 45% indigenous content by value which will progressively increase to more than 55 % for the SP Version.
The formal induction of the LCH comes after the Cabinet Committee on Security, chaired by the Prime Minister, approved in March the procurement of 15 LCH Limited Series Production (LSP) for Rs 3,887 crore along with allied infrastructure sanctions worth Rs 377 crore.
Of the 15 helicopters being procured from the LSP, 10 are for the IAF and 5 for the Indian Army.
The helicopter is equipped with the requisite agility, maneuverability, extended range, high-altitude performance, and around-the-clock, all-weather combat capability to perform Combat Search and Rescue (CSAR), Destruction of Enemy Air Defence (DEAD), Counter Insurgency (CI) operations.
It can also counter slow-moving aircraft and Remotely Piloted Aircraft (RPAs).
Presently, the IAF is expected to require a total of 160 LCHs, of which 65 are for the IAF and 95 are for the Indian Army.
According to the IAF, the induction marks India becoming the 7th country to make attack helicopters.

CURRENT AFFAIRS: AWARDS AND HONOUR

Right Livelihood Award known as the “Alternative Nobel” was announced:

The Right Livelihood Award — known as the “Alternative Nobel” — was awarded to community activists and organizations working on three continents, including a Ukrainian civil rights activist.
Oleksandra Matviichuk and the Center for Civil Liberties that she heads were honored “for building sustainable democratic institutions in Ukraine and modeling a path to international accountability for war crimes.”
Somalia human rights activists Fartuun Adan and Ilwad Elman, who lead community-based peacebuilding initiatives and provide support to marginalized groups, were cited “for promoting peace, demilitarization, and human rights in Somalia in the face of terrorism and gender-based violence.”
Cecosesola, a Venezuelan association of cooperatives, was cited “for establishing an equitable and cooperative economic model as a robust alternative to profit-driven economies.”
The Africa Institute for Energy Governance (AFIEGO) won “for their courageous work for climate justice and community rights violated by extractivist energy projects in Uganda.”
Created in 1980, the annual Right Livelihood Award honors efforts that the prize founder, Swedish-German philanthropist Jakob von Uexkull, felt were being ignored by the Nobel Prizes.
The laureates will receive the awards during a ceremony on Nov. 30 in Stockholm.
In 2022, 175 nominees from 77 countries were considered.

Nobel Prize in physics has been awarded to Alain Aspect, John F. Clauser, and Anton Zeilinger:

This year’s Nobel Prize in physics has been awarded to Alain Aspect (France), John F. Clauser (USA), and Anton Zeilinger (Austria) for their work on quantum information science.
Hans Ellegren, Secretary General, Royal Swedish Academy of Sciences, announced the winner at the Karolinska Institute in Stockholm.
A week of Nobel Prize announcements with Swedish scientist Svante Paabo receiving the award in medicine for unlocking secrets of Neanderthal DNA that provided key insights into our immune system.
Last year the prize was awarded to three scientists — Syukuro Manabe, Klaus Hasselmann, and Giorgio Parisi — whose work has helped to explain and predict complex forces of nature, thereby expanding our understanding of climate change.

CURRENT AFFAIRS: RANKING AND REPORTS

British aviation analytics firm OAG Delhi ranked 13^th in 2022:

The two largest airports in India — Delhi, and Mumbai — have become the biggest low-cost mega hub in the world, according to a new report by British aviation analytics firm OAG.
The last such mega hubs report was published by the firm in 2019, when Delhi and Mumbai ranked sixth and 11th in the low-cost mega hubs list,
Globally, among all types of mega hubs, Delhi ranked 13th in 2022, compared with 35th in 2019.
Mumbai, on the other hand, rose to 24th in 2022 from 51st in 2019.
In the latest rankings, Chicago’s O’Hare Airport ranked as the world’s biggest mega-hub, followed by Dallas Fort Worth International.
OAG analyzed flight data for the top 100 airports as per total capacity and the top 100 largest airports as per international capacity, based on total scheduled seat allocation from September 2021 to August 2022.
In the list of low-cost mega hubs, Delhi Airport replaced Malaysia’s Kuala Lumpur Airport, which is dominated by budget carrier AirAsia.
Both Delhi and Mumbai airports have low-cost airline IndiGo as the dominant carrier, with 34 percent and 37 percent share of scheduled flights at these airports, respectively.

QS World University Rankings: IIM Ahmedabad and IIM Bangalore have retained their slots among the top 50:

IIM Ahmedabad and IIM Bangalore have retained their slots among the top 50 global business schools in the latest round of the QS World University Rankings: Global MBA and Business Masters.
Other Indian institutions in the top league include IIM Calcutta, which has improved its position from 76 to 68, and the Indian School of Business in the 78th position, showing a significant rise from last year’s 92.
Globally, for the third consecutive year, Stanford GSB’s full-time MBA was named the world’s number one, followed by Harvard Business School and The Wharton School.
In the 2023 edition of the QS World University Rankings, released in June, the Indian Institute of Science (IISc) in Bengaluru emerged as the highest ranked Indian institute, followed by IIT-Bombay and IIT-Delhi.
These were the only Indian institutes in the global league of the top 200, in continuation of a trend since 2017.
The total number of Indian institutes among the top 1,000 globally has risen to 27 from 22.

CURRENT AFFAIRS: SPORTS NEWS

Shivpal Singh has been suspended from competing till October 2025:

Shivpal Singh an Indian javelin thrower has been suspended from competing till October 2025.
The ban comes into effect on October 21, 2021.
He tested positive for the banned substance methandienone.
He is an Uttar Pradesh-based athlete.
He was a silver medalist at the 2019 Asian Championships.
He also won the 2019 World Military Games.
Tokyo Olympian Kamalpreet Kaur also failed a dope test earlier.
Earlier, discus thrower Navjeet Kaur Dhillon, sprinter Dhanalakshmi Sekar, and quarter-miler MR Poovamma have been banned from competitions due to doping violations.

The USA defeated China to win FIBA Women’s Basketball World Cup 2022:

USA defeated China by 83-61 in the FIBA Women’s Basketball World Cup 2022.
The championship was held in Australia.
A’ja Wilson wins the Most Valuable Player (MVP) award in the tournament.
The US finished the World Cup averaging 98.8 points.
China won its first medal in the 1994 World Cup.

Yalemzerf Yehualaw has won the women’s race at the London Marathon:

Yalemzerf Yehualaw of Ethiopia recovered from a fall to win the women’s race at the London Marathon.
The 23-year-old appeared to trip on a speed bump with six miles remaining but recovered to rejoin the leading pack and came home in two hours, 17 minutes, and 25 seconds, the third fastest time at the event.
Defending champion Joyciline Jepkosgei of Kenya had to settle for second, with Ethiopia’s Alemu Megertu third.
The men’s race finished later with Kenyan Amos Kipruto marking his London Marathon debut with a decisive victory.
The 30-year-old Kipruto, a world bronze medallist in Doha in 2019, crossed the line in London in two hours, four minutes, and 39 seconds after breaking away late on.

Mumtaz Khan has been named the FIH Rising Stars of the Year 2021-22 in the women’s category:

The International Hockey Federation (FIH) has revealed that India’s Mumtaz Khan has been named the FIH Rising Stars of the Year 2021-22 in the women’s category.
Timothée Clément of France has been named the FIH Rising Stars of the Year 2021-22 in the men’s category.
Mumtaz burst onto the international hockey scene almost out of nowhere in the FIH Junior Women’s World Cup 2022, thrilling hockey fans with her incredible style of play and an eye for scoring goals that cannot be taught.
She was the best performer for India in the Junior World Cup, scoring 8 times in 6 games. She also finished in third place on the list of top scorers in the World Cup, as India missed out on a bronze medal by a whisker finishing in 4th place.
Mumtaz is the third Indian woman to win the award after Lalremsiami in 2019 and Sharmila Devi in 2020-21.

CURRENT AFFAIRS: MOUS AND AGREEMENT

SFAC and Bayer CropScience Limited have signed an MoU to form and promote 50 specialized FPOs:

Small Farmers’ Agri-Business Consortium (SFAC) and Bayer CropScience Limited have signed a Memorandum of Understanding (MoU) to form and promote 50 specialized Farmer Producer Organisations (FPOs).
In collaboration with SFAC, Bayer CropScience Limited has identified clusters in 10 states and will aim to assist smallholder farmers with business planning, identification of key enablers, creation of market linkages, and knowledge transfer, while working to establish the FPOs.
SFAC’s partnership with Bayer CropScience Limited will help strengthen grower collectivization and support farmer collectives to evolve as profitable and self-reliant business entities.
Small Farmers Agribusiness Consortium (SFAC) is an Autonomous Society promoted by the Ministry of Agriculture, Cooperation and Farmers’ Welfare, Government of India.
It was registered under the Societies Registration Act XXI in 1994.
SFAC is an exclusive Society focused on increasing the incomes of small and marginal farmers through the aggregation and development of agribusiness
It is governed by a Board of Management chaired by the Union Minister for Agriculture and Farmers Welfare as the President and the Secretary Department of Agriculture, Cooperation and Farmers Welfare as the Vice President.
Also, the National Agriculture Market (e-NAM) Platform was launched in April 2016 and the Farmer Producer Organisation (FPO) was set up with the assistance of SFAC apart from the other important schemes.

CURRENT AFFAIRS: BOOKS AND AUTHOR

Shashi Tharoor authored a book titled “Ambedkar: A Life:

Congress leader Shashi Tharoor will come out with a biography of BR Ambedkar next month in which he will provide insights into his life and also highlight the disputes the latter had with other political and intellectual giants of his era, including Mahatma Gandhi and Jawaharlal Nehru.
In “Ambedkar: A Life”, Tharoor will also seek to answer the question of whether Ambedkar was the greatest Indian of modern times.
The Congress MP traces the arc of Ambedkar’s life from his birth into a family of Mahars in the Bombay Presidency on April 14, 1891, to his death in Delhi on December 6, 1956.
According to Tharoor, in doing so, Ambedkar “transformed the lives of millions yet unborn, heaving an ancient civilization into the modern era through the force of his intellect and the power of his pen”.
The book is released on October 1. Ambedkar’s statues across the country are second only in number to those of Mahatma Gandhi.
He even overtook Gandhi in a recent poll to determine the “greatest Indian” of modern times, in which over 20 million votes were cast.

CURRENT AFFAIRS: OBITUARIES

Suzlon Energy Founder and Chairman Tulsi Tanti passes away

The Founder Chairman and Managing Director (CMD) of Suzlon Energy Limited and renowned expert on renewable energy Tulsi R Tanti Passed away at the age of 64.

About Tulsi R Tanti :

Tanti was born on February 2, 1958, in Rajkot in Gujarat, India
He was known as the Wind man of India.
He started his career with his textile business, Sulzer Synthetics P Ltd in Surat, Gujarat.
He was widely known as the visionary who pioneered the renewables revolution in India.
He spearheaded the wind energy revolution in India with the founding of Suzlon Energy in 1995.
He was the chairman of the Indian Wind Turbine Manufacturers Association.
He was also a member of the Board of Management of The Energy and Resources Institute (TERI) University, New Delhi, Delhi, India.
He also served as the chairman of the Renewable Energy Council of the Confederation of Indian Industry (CII) to provide direction to India’s green energy strategies.

About Suzlon Energy Ltd :

Founded: 1995
Headquarters: Pune, Maharashtra, India
CEO: Ashwani Kumar

Daily CA on October 5 & 6:

World Teachers’ Day is observed every year on October 5 across the globe to recognize and celebrate educators including teachers, researchers, and professors’ work
India’s largest airport – Delhi IGI Airport – has made its facility compliant with the 5G network, and passengers will be able to use the service once telecom service providers roll out the technology.
The disbursal of small business loans under Pradhan Mantri Mudra Yojana (PMMY) logged a record 30 percent growth in the first half of the current fiscal ended September compared to the same period last year.
The government’s ambitious open network e-commerce platform, the Open Network for Digital Commerce (ONDC), started its beta testing process with small retailers across 16 pin codes in Bengaluru.
The Right Livelihood Award — known as the “Alternative Nobel” — was awarded to community activists and organizations working on three continents, including a Ukrainian civil rights activist.
This year’s Nobel Prize in physics has been awarded to Alain Aspect (France), John F. Clauser (USA), and Anton Zeilinger (Austria) for their work on quantum information science.
The two largest airports in India — Delhi, and Mumbai — have become the biggest low-cost mega hub in the world, according to a new report by British aviation analytics firm OAG.
IIM Ahmedabad and IIM Bangalore have retained their slots among the top 50 global business schools in the latest round of the QS World University Rankings: Global MBA and Business Masters.
Shivpal Singh an Indian javelin thrower has been suspended from competing till October 2025.
USA defeated China by 83-61 in the FIBA Women’s Basketball World Cup 2022.
Yalemzerf Yehualaw of Ethiopia recovered from a fall to win the women’s race at the London Marathon.
The International Hockey Federation (FIH) has revealed that India’s Mumtaz Khan has been named the FIH Rising Stars of the Year 2021-22 in the women’s category.
Small Farmers’ Agri-Business Consortium (SFAC) and Bayer CropScience Limited have signed a Memorandum of Understanding (MoU) to form and promote 50 specialized Farmer Producer Organisations (FPOs).
Congress leader Shashi Tharoor will come out with a biography of BR Ambedkar next month.
The Indian Navy signed an agreement on White Shipping Information Exchange with the Royal New Zealand Navy to promote greater transparency in the Maritime Domain.
Chhattisgarh Chief Minister Shri Bhupesh Baghel launched a scheme named Mahatma Gandhi Rural Industrial Parks (MGRIP) under which ‘gauthans’ (cow shelters in villages) will be developed as ‘rural industrial parks.
The Telangana government has issued an order to increase the reservation for the Scheduled Tribe (ST) communities from 6% to 10%.
The Telangana government has introduced the ‘Aasara’ pensions as a part of its welfare measures and social safety net strategy.
Small Industries Development Bank of India (SIDBI) and Dun & Bradstreet, the global leading provider of business decisioning data and analytics, signed a Memorandum of Understanding (MoU) to create the SIDBI -D&B Sustainability Perception Index (SIDBI – D&B SPeX), Coimbatore, Tamil Nadu (TN).
The Reserve Bank of India (RBI), has proposed to ease norms for internet banking for customers of Regional Rural Banks (RRBs).
The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved a proposal to increase the dearness allowance (DA) & dearness relief (DR) of the central government employees and pensioners by 4% under the 7th Pay Commission with effect from July 1, 2022.
Governor Shri Shaktikanta Das announced that the Reserve Bank of India (RBI) adopted the “expected loss” approach for loan provisioning.
ICICI Bank UK PLC, a wholly owned subsidiary of ICICI Bank Limited, offers a bank account to Indian students aspiring to study in the UK called, ‘HomeVantage Current Account’ (HVCA).
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 221.99 crore from the Rural Infrastructure Development Fund (RIDF) to strengthen school infrastructure in rural schools in Punjab.
The Reserve Bank of India (RBI) will release a discussion paper on the Securitisation of Stressed Assets Framework (SSAF).
The Reserve Bank of India (RBI) will stop conducting 28-day variable rate reverse repo (VRRR) auctions, considering the current banking system liquidity conditions, but will continue with 14-day VRRR auctions.
On the occasion of Gandhi Jayanti (Oct 02, 2022), State Bank Group Chairman Mr. Dinesh Khara, adopted 30 remote villages across Aspirational Districts in Haryana, Gujarat, Maharashtra, Punjab, Tamil Nadu (TN), and West Bengal (WB) under the 4th phase of the ‘SBI Gram Seva’ program.
Reddy’s Laboratories Ltd (DRL) informed that Life Insurance Corporation of India (LIC) has increased its stake to 7.7% from 5.65% stake.
The first batch of indigenously-developed Light Combat Helicopters (LCH) named ” Prachand” was inducted into the Indian Air Force (IAF) in Jodhpur, Rajasthan.
The Founder Chairman and Managing Director (CMD) of Suzlon Energy Limited and renowned expert on renewable energy Tulsi R Tanti Passed away at the age of 64.