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01st-03rd October, 2022

Defence Minister Rajnath Singh, battery safety standards, Fast Track Mechanism, National Health Mission, World’s First CNG Terminal, zero-emission vehicles, National SC-ST Hub Conclave, the Vande Bharat Express, Operation GARUDA, India’s first state/UT, the world’s largest jungle safari park, Kerala’s new draft industrial policy, Small Industries Development Bank of India (SIDBI), 15th Global Innovation Index 2022, Electronic Gold Receipt, Trade Credit Insurance solution, India’s first ever 3000F high-power supercapacitors, RBI’s Monetary Policy Committee (September 2022) meeting, International Day of Awareness of Food Loss and Waste, International Translation Day, IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022, 36th National Games, “Ambedkar: A Life” book

  1. Defence Minister Rajnath Singh has visited the Cairo West Airbase, Egypt (the Gateway to Africa).
  2. Ministry of Road Transport has introduced additional safety provisions in the battery safety standards which will come into effect from October 1, 2022.
  3. The Department for Promotion of Industry and Internal Trade (DPIIT) and the Embassy of the Netherlands have established the Fast Track Mechanism (FTM) for faster resolution of investment cases of Dutch companies operating in India.
  4. Union Cabinet was apprised about the progress under National Health Mission during 2020-21.
  5. India has partnered with California state of the USA for research and innovation in the field of zero-emission vehicles (ZEV).
  6. Prime Minister Shri Narendra Modi has laid the foundation stone of the World’s First CNG Terminal and of the brownfield port at Bhavnagar, Gujarat.
  7. Ministry of Micro, Small and Medium Enterprises has organized a National SC-ST Hub Conclave at Ahmedabad, Gujarat to spread awareness about the National SC-ST Hub (NSSH) Scheme and other Schemes of the Ministry.
  8. Prime Minister Narendra Modi flagged off the new and upgraded version of the Vande Bharat Express which will run from Gandhinagar in Gujarat to Mumbai in Maharashtra.
  9. Prime Minister, Shri Narendra Modi has laid the foundation stone and dedicated various projects worth more than ₹3400 crores in Surat.
  10. Central Bureau of Investigation (CBI) has launched a multi-phase Operation GARUDA to dismantle drug networks with international linkages.
  11. Andaman and Nicobar Islands became India’s first state/UT to achieve a 100% coverage of precautionary dose of Covid-19.
  12. Haryana will develop the world’s largest jungle safari park (spread over 10,000-acre) in the Aravalli range in Gurugram and Nuh districts.
  13. Kerala’s new draft industrial policy has been launched at attracting investments, promoting employment generation, and fostering entrepreneurship.
  14. India has signed an agreement with Armenia to export missiles, rockets and ammunition, including indigenous Pinaka multi-barrel rocket launchers, to the latter.
  15. Indian Council for Cultural Relations (ICCR), Ministry of External Affairs, has signed an MOU with Google to ease searching the Internet in Sanskrit and provided 1 lakh commonly used sentences in the language with their English and Hindi translations to Google.
  16. Central Govt, World Bank, and Small Industries Development Bank of India (SIDBI) will launch a $1 billion fund to provide guarantees against loan default to lenders financing the purchase of electric two- and three-wheelers.
  17. 15th Global Innovation Index 2022 has been released by the Geneva-based World Intellectual Property Organization.
  18. Bombay Stock Exchange has received the final approval from SEBI for introducing the Electronic Gold Receipt (EGR) on its platform.
  19. DBS Bank India has partnered with HDFC ERGO and Atradius to provide Trade Credit Insurance solution to Tata Metaliks, a pioneer in manufacturing pig iron and DI pipes in India.
  20. GODI India has manufactured India’s first ever 3000F high-power supercapacitors at their Hyderabad facility for Electric Vehicle (EV) and Renewable Energy Storage System (ESS) applications.
  21. The Central Govt has announced to borrow ₹5.92 lakh crore in the second half of FY23, which is ₹10,000 crores lower than intended.
  22. Ministry of Finance announced interest rates on small saving schemes for Q3 of 2022-23.
  23. RBI’s Monetary Policy Committee (September 2022) meeting update –
  24. Reserve Bank of India (RBI) has decided to implement card tokenisation from October 1 to protect customers from cyber fraud.
  25. Senior Advocate R Venkataramani has been appointed as the new Attorney General for India for a period of three years.
  26. Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has announced the appointment of Indian superstar, Ram Charan as the new brand ambassador.
  27. September 29 – International Day of Awareness of Food Loss and Waste; Theme – Stop Food Loss and Waste. For the People. For the Planet.
  28. September 30 – International Translation Day; Theme – “A World without Barriers”
  29. Srishti Bakshi, marketer-turned-women’s-rights-activist, has been conferred with the ‘Changemaker’ award at the UN SDG Action Awards for “confronting gender-based violence and advocating for safe access to public spaces”.
  30. ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’
  31. 36th National Games will be held in Ahmedabad, Gujarat from September 29 to October 12.
  32. Gazeta Wyborcza (Polish newspaper) has won the Golden Pen of Freedom by World Association of News Publishers.
  33. “Ambedkar: A Life” book has been authored by Shashi Tharoor.

Table of Content 

National News

  1. Defence Minister Rajnath Singh has visited the Cairo West Airbase, Egypt (the Gateway to Africa).
      • Both countries also signed an MOU on Defence Cooperation.
  2. Ministry of Road Transport has introduced additional safety provisions in the battery safety standards which will come into effect from October 1, 2022.
      • The MoRTH had constituted an expert committee, chaired by Tata Narsingh Rao to recommend additional safety requirements in the existing battery safety standards notified under Central Motor Vehicles Rule (CMVR) 1989.
  3. The Department for Promotion of Industry and Internal Trade (DPIIT) and the Embassy of the Netherlands have established the Fast Track Mechanism (FTM) for faster resolution of investment cases of Dutch companies operating in India.
      • Invest India is the executing body of the FTM.
      • It will strengthen and assist bilateral efforts to increase mutual investment activities, as well as support and develop business cooperation between companies in both countries.
      • In 2021-22, bilateral trade between the countries amounted to USD 17 billion.
  4. Union Cabinet was apprised about the progress under National Health Mission during 2020-21.
      • Expenditure involved – Rs. 27,989.00 Cr (Central Share)
Targets under NHM by 2025Progress
Reduce Maternal Mortality Ratio (MMR) to 90 from 113103 (SRS 2017-19) per one lakh live births
Reduce IMR to 23 from 3228 (as per SRS 2020)
Reduce U5MR to 23 from 3632 (as per SRS 2020)
Sustain TFR to 2.12.0 (as per SRS 2020)
Reduce prevalence of Leprosy to <1/10000 population and incidence to zero in all districts-
Annual Malaria Incidence to be <1/1000In the year 2020, malaria cases and deaths have declined by 46.28% and 18.18%, respectively.
Reduce household out-of-pocket expenditure on total health care expenditure -
Ending the TB epidemic by 2025 from the country The incidence of TB per 1,00,000 population has been reduced from 234 in 2012 to 193 in 2019. The mortality due to TB per 1,00,000 populations; reduced from 42 in 2012 to 33 in 2019.
  • Progress on other parameters –
    • LaQshya (Labour room Quality improvement Initiative): 202 Labour Rooms & 141 Maternity Operation Theatres are State LaQshya certified and 64 Labour Rooms & 47 Maternity Operation Theatres are National LaQshya certified.
    • Malaria: The total number of malaria cases and deaths reported in 2020 were 1,81,831 and 63 respectively
    • Kala-Azar: Elimination target of < 1 Kala Azar case per 10,000 population, increased from 74.2% in 2014 to 5% in 2020-21
    • Lymphatic Filariasis: In 2020-21, among 272 LF endemic districts, 98 districts have successfully cleared 1 Transmission Assessment Survey (TAS-1) and stopped MDA and these districts are under Post MDA surveillance.
    • Dengue: National target was to sustain a case fatality rate (CFR) <1 per cent. In 2020, it has been sustained at 0.1% as it was in 2019.
  1. India has partnered with California state of the USA for research and innovation in the field of zero-emission vehicles (ZEV).
      • California aims to become 100% ZEV by 2035.
      • A new India-ZEV Research Centre was developed as part of a collaboration with the University of California’s Davis Institute of Transportation Studies.
  2. Prime Minister Shri Narendra Modi has laid the foundation stone of the World’s First CNG Terminal and of the brownfield port at Bhavnagar, Gujarat.
      • The foundation stone of projects worth over ₹5200 crores were laid in Bhavnagar.
      • Gujarat was the first state in the country to get an LNG terminal and now the state has three LNG terminals.
      • PM has inaugurated the regional science centre in Bhavnagar.
  3. Ministry of Micro, Small and Medium Enterprises has organized a National SC-ST Hub Conclave at Ahmedabad, Gujarat to spread awareness about the National SC-ST Hub (NSSH) Scheme and other Schemes of the Ministry.
      • Ministry of MSME has launched the National Scheduled Caste Scheduled Tribe Hub (NSSH) scheme.
      • It is aimed at capacity enhancement and promoting entrepreneurship culture amongst the SC-ST population for enhancing their participation in public procurement.
  4. Prime Minister Narendra Modi flagged off the new and upgraded version of the Vande Bharat Express which will run from Gandhinagar in Gujarat to Mumbai in Maharashtra.
      • This is the third Vande Bharat Express in the country – after New Delhi-Varanasi and New Delhi-Katra Vande Bharat Express, and comes with several additional features to enhance passenger comfort as well as safety.
  5. Prime Minister, Shri Narendra Modi has laid the foundation stone and dedicated various projects worth more than Rs 3400 crores in Surat.
      • He launched the Phase-I of road infrastructure works and the main entrance of Diamond Research and Mercantile (DREAM) City.
      • The Prime Minister also inaugurated the Khoj Museum at the Science Centre in Surat.
  6. Central Bureau of Investigation (CBI) has launched a multi-phase Operation GARUDA to dismantle drug networks with international linkages.
      • Operation GARUDA seeks to target drug networks with international footprints for action against handlers, operatives, production zones and support elements.

State News

  1. Andaman and Nicobar Islands became India’s first state/UT to achieve a 100% coverage of precautionary dose of Covid-19.
  2. Haryana will develop the world’s largest jungle safari park (spread over 10,000-acre) in the Aravalli range in Gurugram and Nuh districts.
  3. Kerala’s new draft industrial policy has been launched at attracting investments, promoting employment generation, and fostering entrepreneurship.
      • The new policy focuses on the State’s traditional sectors as well as the sunrise sectors including Artificial Intelligence, hi-tech farming, value-added rubber products, medical equipment, biotechnology, graphene, electric vehicles, and robotics.
      • Incentives – 10% investment subsidy on fixed capital for non-MSMEs, subject to a maximum of ₹10 crore and 100% State GST reimbursement for capital investment for five years for non-MSMEs.
      • Annually, the government will subsidise 50% of the stipend for 1,000 apprentices, subject to a maximum of Rs 5,000 per apprentice for six months. Another major incentive will be the 100% electricity duty exemption for MSMEs for five years.

Defence News

  1. India has signed an agreement with Armenia to export missiles, rockets and ammunition, including indigenous Pinaka multi-barrel rocket launchers, to the latter.
      • Background – recent clashes between Armenia and Azerbaijan

Memorandum of Understanding

  1. Indian Council for Cultural Relations (ICCR), Ministry of External Affairs, has signed an MOU with Google to ease searching the Internet in Sanskrit and provided 1 lakh commonly used sentences in the language with their English and Hindi translations to Google.

International News

  1. Central Govt, World Bank, and Small Industries Development Bank of India (SIDBI) will launch a $1 billion fund to provide guarantees against loan default to lenders financing the purchase of electric two- and three-wheelers.
      • The entities will initially set up a $300 million “first loss risk sharing instrument”.

Reports and Indices

  1. 15th Global Innovation Index 2022 has been released by the Geneva-based World Intellectual Property Organization.
      • Total – 132 countries
      • Top – Switzerland (score 64.6)
15th Global Innovation Index 2022
  • India’s rank – 40th (score 36.6)
1.	15th Global Innovation Index 2022
  • Bottom – Guinea (score 11.6)
  • Parameters
    • Science and innovation investments
    • Technological progress
    • Technology adoption
    • Socioeconomic impact

Banking and Economy

  1. Bombay Stock Exchange has received the final approval from SEBI for introducing the Electronic Gold Receipt (EGR) on its platform.
      • Purpose – The EGR platform will lead to greater assurance in the quality of gold supplied, efficient price discovery, and transparency in transacting.
      • Participants – EGRs will cater to all market participants, which means that buyers and sellers on the exchange will include individual investors, as well as commercial participants along the value chain like importers, banks, refiners, bullion traders, jewellery manufacturers, and retailers
  2. DBS Bank India has partnered with HDFC ERGO and Atradius to provide Trade Credit Insurance solution to Tata Metaliks, a pioneer in manufacturing pig iron and DI pipes in India.
      • Purpose – to enable corporates to transfer the risk of their account receivables onto an insurer while getting financing against those insured receivables from a bank
  3. GODI India has manufactured India’s first ever 3000F high-power supercapacitors at their Hyderabad facility for Electric Vehicle (EV) and Renewable Energy Storage System (ESS) applications.
  4. The Central Govt has announced to borrow Rs 5.92 lakh crore in the second half of FY23, which is ₹10,000 crores lower than intended.
      • The second-half borrowing will include the first-ever green bonds, worth ₹16,000 crores.
      • The government has budgeted a fiscal deficit of 6.4% of GDP in FY23.
      • The Centre will also issue treasury bills worth Rs 22,000 crore every week in the third quarter of FY23, amounting to the borrowing of Rs 2.86 lakh crore.
  5. Ministry of Finance announced interest rates on small saving schemes for Q3 of 2022-23.
CategoryInterest Rates
Kisan Vikas Patra7%
Senior Citizen Saving Scheme7.6%
National Saving Certificate6.8%
Public Provident Fund Scheme 7.1%
Sukanya Samriddhi Scheme 7.6%
  1. RBI’s Monetary Policy Committee (September 2022) meeting update –
      • Policy Rates –
  1. Reserve Bank of India (RBI) has decided to implement card tokenisation from October 1 to protect customers from cyber fraud.
      • It is a common practice that payment platforms store card details at their end citing the convenience of the customer and only ask for CVV number and OTP for making payments.

Appointments

  1. Senior Advocate R Venkataramani has been appointed as the new Attorney General for India for a period of three years.
  2. Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has announced the appointment of Indian superstar, Ram Charan as the new brand ambassador.

Important Days

  1. September 29 – International Day of Awareness of Food Loss and Waste; Theme – Stop Food Loss and Waste. For the People. For the Planet.
  2. September 30 – International Translation Day; Theme – “A World without Barriers”

Awards

  1. Srishti Bakshi, marketer-turned-women’s-rights-activist, has been conferred with the ‘Changemaker’ award at the UN SDG Action Awards for “confronting gender-based violence and advocating for safe access to public spaces”.
      • The award is given in three other categories –
CategoryWinner
Inspire‘The Masungi Story’ in Philippines
ConnectCyprusInno in Cyprus
Mobilise'SUPvivors say NO MORE’ in Ecuador
  1. ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’
      • First – Nikhil Kamath (cofounder of Zerodha) with a net worth of Rs 17,500 crore
      • Second – Bhavish Aggarwal (founder of Ola) with a net worth of Rs 11,700 crore
      • Third – Divyank Turakhia (founder of Media.net) with a net worth of Rs 11,200 crore
  2. Gazeta Wyborcza (Polish newspaper) has won the Golden Pen of Freedom by World Association of News Publishers.

Sports

  1. 36th National Games will be held in Ahmedabad, Gujarat from September 29 to October 12.
      • Mascot – Savaj
      • Theme – Ek Bharat Shreshtha Bharat
      • The two new UTs – Ladakh and Dadra and Nagar Haveli and Daman and Diu – will make their debut at the National Games in 2022.

Miscellaneous

  1. “Ambedkar: A Life” book has been authored by Shashi Tharoor.
CEO of Anujjindal.in

About Anuj Jindal

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Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.

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