01st November, 2022

1. Indian Institute of Geomagnetism (IIG), an autonomous research institution under DST, has developed the first indigenous Overhauser Magnetometer of India at the Alibag Magnetic Observatory.
2. National Real Estate Development Council (NAREDCO), under the Ministry of Housing and Urban Affairs, has formed a National Finance Committee (NFC) at the 24th Annual General Meeting of NAREDCO to give developers easy access to funds based on merit and viability of the projects.
3. Union Ministry of Forest and Environment has given its approval to the Terai Elephant Reserve (TER), which covers 3,049 sq. km including Dudhwa Tiger Reserve and Pilibhit Tiger Reserve located in Lakhimpur and Pilibhit districts.
4. Indian Space Research Organisation has successfully conducted an acceptance hot test of the CE-20 engine that will be used to launch the next batch of 36 OneWeb satellites into Low Earth Orbit.
5. Saras Food Festival, 2022 has been organized in New Delhi to promote ethnic and home-made handicrafts, paintings, toys, etc., prepared by women of Self-Help Groups (SHGs).
6. Gujarat government has become the 7th state to achieve 100% tap water connections in rural areas under the Jal Jeevan Mission.
7. Meghalaya government has signed an MoU with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGFTMSE) to implement the ‘Meghalaya Credit Guarantee Scheme’ (MCGS).
8. Indian Navy is hosting the 29th edition of the Singapore-India Maritime Bilateral Exercise (SIMBEX) from 26 to 30 October, 2022 at Visakhapatnam.
9. Prime Minister Narendra Modi has laid the foundation stone of a C-295 aircraft manufacturing plant in Vadodara, Gujarat.
10. Indian Air Force (IAF) and French Air and Space Force (FASF) have conducted the ‘Garuda VIl’ exercise at Air Force Station Jodhpur from 26 October to 12 November 2022.
11. National Highways Infrastructure Development Corporation Limited (NHIDCL) and the National Institute of Technology, Silchar, Assam have signed an MOU to boost cooperation in the field of highway engineering and other infrastructure works.
12. Bharat Electronics Ltd signed an MOU with Meslova System (Hyderabad-headquartered) for cooperation in the field of Artificial Intelligence and Machine Learning.
13. Mckinsey and Company released the “Decarbonising India: Charting a pathway for sustainable growth”
14. “Lancet Countdown on Health and Climate Change: Health at the Mercy of Fossil Fuels” report has been published in The Lancet.
15. World Health Organization (WHO) has released the Global TB Report 2022.
16. According to the 2022 Forest Declaration Assessment, deforestation rates worldwide declined only modestly in 2021 by 6.3% compared to the 2018-20 baseline.
17. The Insurance Regulatory and Development Authority of India (IRDAI) has set up a 24-member committee, chaired by Thomas M Devasia, to develop and suggest an affordable and comprehensive cover for the rural population.
18. Insurance Regulatory & Development Authority of India (IRDAI) has constituted a 15-member high-level committee named as Health Insurance Consultative Committee to draw a road map for universal health insurance coverage.
19. RBI has lifted the ban on Tamilnad Mercantile Bank (Tuticorin) from opening new branches, after the bank’s shares were listed in the stock exchanges last month.
20. Shiprocket, a shipping and logistics solutions provider, has gone live on the government’s Open Network for Digital Commerce (ONDC) and made its first successful transaction recently.
21. Steel Authority of India Limited (SAIL) and the Airport Authority of India (AAI) signed an Operation and Management agreement to facilitate commercial operations from Rourkela in Odisha.
22. Infibeam Avenues, which operates CCAvenue, has received an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA).
23. Tata AIA Life Insurance has partnered with Medix to offer TATA AIA’s consumers access to a local and global network of accredited medical specialists to manage their medical journey related to critical illnesses.
24. BSE Technologies, a subsidiary of BSE, has launched the KYC Registration Agency (KRA), which maintains KYC records of investors in an electronic form.
25. Employee benefits insurtech Healthysure has partnered ManipalCigna Health Insurance to launch India’s first flexi top-up insurance which allows employees to personalize and upgrade their corporate health insurance plans.
26. SEBI has postponed the implementation of the clause restricting transactions of less than ₹25 crores in Exchange Traded Funds (ETF) to stock exchanges up to May 1, 2023.
27. Emami has signed Bollywood actor Akshay Kumar as the new brand ambassador for its power brand BoroPlus Ayurvedic antiseptic cream.
28. Lula da Silva has been appointed as the new President of Brazil.
29. World Day for Audio-visual Heritage; Theme – Enlisting documentary heritage to promote inclusive, just and peaceful societies
30. October 29 – World Stroke Day
31. October 31 – National Unity Day/ Ekta Diwas (birth anniversary of Sardar Vallabhbhai Patel)
32. SS Rajamouli’s period epic RRR has won the prestigious Saturn Award 2022 in the Best International Film category.
33. Satwiksairaj Rankireddy and Chirag Shetty won the men’s doubles title at the French Open Super 750 badminton tournament.
34. Red Bull’s Max Verstappen claimed a record 14th victory of the Formula One season by winning the Mexico Grand Prix 2022.
35. Board of Control for Cricket in India (BCCI) will be implementing a new pay equity policy for its contracted women cricketers, effectively paying men and women cricketers the same match fees.
36. Indian shooters have won 34 medals – 12 golds, nine silvers and 13 bronze – at the ISSF Rifle/Pistol World Championship 2022 in Cairo, Egypt.

National News

1. Indian Institute of Geomagnetism (IIG), an autonomous research institution under DST, has developed the first indigenous Overhauser Magnetometer of India at the Alibag Magnetic Observatory.
   • These magnetometers are known for their higher accuracy, higher sensitivity, and efficient power consumption and hence find applications in all magnetic observatories worldwide as well as in international space programs.
   • It has so far been imported for such purposes in India.
2. National Real Estate Development Council (NAREDCO), under the Ministry of Housing and Urban Affairs, has formed a National Finance Committee (NFC) at the 24th Annual General Meeting of NAREDCO to give developers easy access to funds based on merit and viability of the projects.
   • The NFC will also support large-scale projects to access funds via financial institutions and educate members to enhance their credit ratings.
3. Union Ministry of Forest and Environment has given its approval to the Terai Elephant Reserve (TER), which covers 3,049 sq. km including Dudhwa Tiger Reserve and Pilibhit Tiger Reserve located in Lakhimpur and Pilibhit districts.
   • With the terai elephant reserve coming into existence in Uttar Pradesh, Dudhwa Tiger Reserve will be the only national park in Uttar Pradesh that will protect and conserve four iconic wild animal species — Tiger, One-horned Rhinoceros, Asian Elephant and Swamp deer.
   • The reserve is being developed under the Project Elephant.
   • It will be the second elephant reserve in Uttar Pradesh and 33rd in India.

Knowledge Nuggets – ·Project Elephant was launched in 1992 by the Ministry of Environment and Forests. ·August 12 – World Elephant Day ·India has the largest and the most stable population of Asian elephants (more than 60% of all wild Asian elephants). ·Monitoring the Illicit Killing of Elephants (MIKE) program was launched in 2003 to examine trends in information about the illegal killing of elephants from across Africa and Asia. ·The MIKE program was launched under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

4. Indian Space Research Organisation has successfully conducted an acceptance hot test of the CE-20 engine that will be used to launch the next batch of 36 OneWeb satellites into Low Earth Orbit.
   • The CE-20 engine will power the Launch Vehicle Mark-3 (LVM-3), which earlier launched the first batch.
   • The hot test was conducted at the High-Altitude Test facility of ISRO Propulsion Complex at Mahendragiri, Odisha.
   • The CE-20 will power the cryogenic upper stage of the LVM3 vehicle working with the LOX-LH2 propellants combination.
   • The OneWeb satellites will be launched by NewSpace India Ltd.
5. Saras Food Festival, 2022 has been organized in New Delhi to promote ethnic and home-made handicrafts, paintings, toys, etc., prepared by women of Self-Help Groups (SHGs).
   • Organizer – Union Ministry of Rural Development
   • The festival has been organized under the ‘National Rural Livelihoods Mission’.

State News

1. Gujarat government has become the 7th state to achieve 100% tap water connections in rural areas under the Jal Jeevan Mission.
   • Gujarat has achieved this feat on the occasion of the Gujarati new year (October 26).
   • Launched in 2019, the mission targets to make available 55 litres of water per person every day to each rural household through household tap connections by 2024.

Knowledge Nuggets – · Launched in 2019, the mission targets to make available 55 litres of water per person every day to each rural household through household tap connections by 2024. · 100% tap water connections – Goa, Telangana, Andaman and Nicobar Islands, Dadra & Nagar Haveli and Daman & Diu, Puducherry, Haryana, and Gujarat

2. Meghalaya government has signed an MoU with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGFTMSE) to implement the ‘Meghalaya Credit Guarantee Scheme’ (MCGS).
   • This MoU will strengthen the credit delivery system and facilitate flow of credit to the MSE sector.
   • Currently, the loans taken by MSME borrowers are covered under CGTMSE against a risk coverage of 75% of the loan amount under various MSME schemes. Banks still felt reluctant in providing loans to MSMEs at 25% risk.
   • Therefore, the MCGS scheme was launched which increases the coverage guarantee up to a maximum of 95%.
   • The total corpus of MCGS is Rs 250 crores. Considering average loan size of Rs 1 lakh, more than 25,000 units would be supported through this state government scheme.

Defence News

1. Indian Navy is hosting the 29th edition of the Singapore-India Maritime Bilateral Exercise (SIMBEX) from 26 to 30 October, 2022 at Visakhapatnam.
   • SIMBEX series of exercises began in 1994 and were initially known as Exercise Lion King.

2. Prime Minister Narendra Modi has laid the foundation stone of a C-295 aircraft manufacturing plant in Vadodara, Gujarat.
   • Developer – A consortium led by Tata Advanced Systems Ltd (TASL) and Airbus Defence and Space (a European company)
   • The manufacturing of C-295 aircraft takes place at Airbus’s plant in Spain.
   • In 2021, India signed a Rs 21,935 crore deal with Airbus Defence and Space to procure 56 C295 aircraft to replace the IAF’s ageing Avro-748 planes, which entered service in the early 1960s.
   • Under the agreement, 16 aircraft will be procured from Spain’s plant in ‘fly-away condition’ between 2023-25. The rest will be manufactured by Tata in India.
   • Many ‘firsts’ –
     • It is the first project of its kind in which a military aircraft will be manufactured in India by a private company.
     • It is also the first time that the C295 aircraft will be manufactured outside of Europe.

3. Indian Air Force (IAF) and French Air and Space Force (FASF) have conducted the ‘Garuda VIl’ exercise at Air Force Station Jodhpur from 26 October to 12 November 2022.

Memorandum of Understanding

1. National Highways Infrastructure Development Corporation Limited (NHIDCL) and the National Institute of Technology, Silchar, Assam have signed an MOU to boost cooperation in the field of highway engineering and other infrastructure works.
2. Bharat Electronics Ltd signed an MOU with Meslova System (Hyderabad-headquartered) for cooperation in the field of Artificial Intelligence and Machine Learning.

Reports and Indices

1. Mckinsey and Company released the “Decarbonising India: Charting a pathway for sustainable growth”
   • According to the report, India should increase investments in green financing up to $12.1 trillion by 2050.

2. “Lancet Countdown on Health and Climate Change: Health at the Mercy of Fossil Fuels” report has been published in The Lancet.
   • According to the report, India suffered a loss of 167.2 billion labour hours in 2021 due to heatwaves.
   • It is equivalent to 5.4% of India’s GDP.
   • The report analysed 103 countries. It has been found that heatwaves, which hit India and Pakistan in March and April, were considerably more likely due to the effects of climate change.
3. World Health Organization (WHO) has released the Global TB Report 2022.
   • In 2022, 202 countries and territories with more than 99% of the world’s population and TB cases reported data.
   • Global TB Deaths in 2021 – 1.4 million (more than double the number caused by HIV/AIDS (0.65 million)
   • The 30 high TB burden countries accounted for 87% of all estimated incident cases worldwide.
   • Eight of these countries accounted for more than two-thirds of the global total: India (28%), Indonesia (9.2%), China (7.4%), the Philippines (7.0%), Pakistan (5.8%), Nigeria (4.4%), Bangladesh (3.6%) and the Democratic Republic of the Congo (2.9%).

4. According to the 2022 Forest Declaration Assessment, deforestation rates worldwide declined only modestly in 2021 by 6.3% compared to the 2018-20 baseline.
   • A 10% annual reduction is needed to be on course to halt deforestation completely by 2030.
   • Some 145 countries affirmed their commitment to halt and reverse forest loss and land degradation by 2030 at the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow (2021).
   • Brazil was the world’s largest contributor to deforestation in 2021.
   • Global tree cover increased by 9 million hectares over the past two decades.
   • Three-quarters of the global gain was concentrated in 13 countries. The most significant improvements were observed in Russia (28.4%), Canada (13%), the United States (10.7%), Brazil (6.2%), and China (5%).
   • India also increased its tree cover by 0.87 Mha in 2021.
   • As per the report, it will cost up to $460 billion per year to protect, restore and enhance forests on a global scale.

Banking and Economy

1. The Insurance Regulatory and Development Authority of India (IRDAI) has set up a 24-member committee, chaired by Thomas M Devasia, to develop and suggest an affordable and comprehensive cover for the rural population.
   • The proposed product will be called as Bima Vistaar.
   • The committee will also recommend ways for creating women-centric distribution channel to focus on reaching untapped/ rural areas – Bima Vahak – – and recommend the regulatory framework.
   • The committee will explore and recommend on how to bring about synergies in the working and operations of Bima Vahak, Bima Vistaar and the digital platform – Bima Sugam.
2. Insurance Regulatory & Development Authority of India (IRDAI) has constituted a 15-member high-level committee named as Health Insurance Consultative Committee to draw a road map for universal health insurance coverage.
   • Chairperson – Rakesh Joshi
   • The challenge is to cover the missing middle — the population that is not covered by the government’s national health insurance schemes nor private health insurance nor an employer’s group health cover.

Knowledge Nuggets – · Insurance Regulatory and Development Authority of India (IRDAI) is a regulatory body under the jurisdiction of Ministry of Finance. · It was constituted by the Insurance Regulatory and Development Authority Act, 1999. · IRDAI’s headquarter is in Hyderabad, Telangana. · The Insurance Act was passed in 1938. · Current Chair – Debasish Panda

3. RBI has lifted the ban on Tamilnad Mercantile Bank (Tuticorin) from opening new branches, after the bank’s shares were listed in the stock exchanges last month.
4. Shiprocket, a shipping and logistics solutions provider, has gone live on the government’s Open Network for Digital Commerce (ONDC) and made its first successful transaction recently.
   • It is the first inter-city logistics provider to plug into the ONDC network.
   • Now, sellers from all segments can ship products to cities and towns across India by using ONDC platform.
5. Steel Authority of India Limited (SAIL) and the Airport Authority of India (AAI) signed an Operation and Management agreement to facilitate commercial operations from Rourkela in Odisha.
   • SAIL, in 2018, had signed an MOU for the use of its own airport, under the UDAN scheme, for the operation of commercial flights.
6. Infibeam Avenues, which operates CCAvenue, has received an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA).
   • Entities such as Razorpay, Mswipe, Pine Labs, Stripe and Cashfree Payments have already received an in-principle nod for the licence.
7. Tata AIA Life Insurance has partnered with Medix to offer TATA AIA’s consumers access to a local and global network of accredited medical specialists to manage their medical journey related to critical illnesses.
   • This alliance would offer personal medical care management (PMCM) facility for bringing world-class, healthcare advice to consumers in India.
8. BSE Technologies, a subsidiary of BSE, has launched the KYC Registration Agency (KRA), which maintains KYC records of investors in an electronic form.
   • KRA is a Sebi-regulated intermediary that grants the market participants authorisation for investors’ Know Your Client (KYC), which is mandatory for investment in the securities market.
9. Employee benefits insurtech Healthysure has partnered ManipalCigna Health Insurance to launch India’s first flexi top-up insurance which allows employees to personalize and upgrade their corporate health insurance plans.
10. SEBI has postponed the implementation of the clause restricting transactions of less than ₹25 crores in Exchange Traded Funds (ETF) to stock exchanges up to May 1, 2023.
    • SEBI has also reduced the face value of debt security and non-convertible redeemable preference share issued on private placement basis to ₹1 lakh from the current ₹10 lakh.
      • The new guidelines will be applicable from January 1, 2023.
    • SEBI has also announced to set up word’s first system for securing stock exchanges from cyberattacks.

Appointments

1. Emami has signed Bollywood actor Akshay Kumar as the new brand ambassador for its power brand BoroPlus Ayurvedic antiseptic cream.
2. Lula da Silva has been appointed as the new President of

Important Days

1. October 27 –
   • World Day for Audio-visual Heritage; Theme – Enlisting documentary heritage to promote inclusive, just and peaceful societies
   • India-Sweden Innovation Day (9th edition); Theme – Accelerating Green Transition-India Sweden Innovation Partnership
2. October 29 – World Stroke Day
3. October 31 – National Unity Day/ Ekta Diwas (birth anniversary of Sardar Vallabhbhai Patel)

Awards

1. SS Rajamouli’s period epic RRR has won the prestigious Saturn Award 2022 in the Best International Film category.
   • The Saturn Award is organized by the California-based Academy of Science Fiction, Fantasy, and Horror Films.
   • The movie also received a nomination for Best Action/Adventure Film, while Rajamouli was nominated for Best Film Direction.
   • Best Film at Saturn Awards 2022 – Tom Cruise’s Top Gun: Maverick

Sports

1. Satwiksairaj Rankireddy and Chirag Shetty won the men’s doubles title at the French Open Super 750 badminton tournament.
   • Men’s Singles – Viktor Axelsen (Denmark)
   • Women’s Singles – He Bingjiao (China)
2. Red Bull’s Max Verstappen claimed a record 14th victory of the Formula One season by winning the Mexico Grand Prix 2022.
   • Verstappen has now beaten the record previously held by Michael Schumacher and Sebastian Vettel for the most wins in a single season.
3. Board of Control for Cricket in India (BCCI) will be implementing a new pay equity policy for its contracted women cricketers, effectively paying men and women cricketers the same match fees.
4. Indian shooters have won 34 medals – 12 golds, nine silvers and 13 bronze – at the ISSF Rifle/Pistol World Championship 2022 in Cairo, Egypt.
   • India will finish second on the medals tally behind China.

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