03rd November, 2022

1. Income Tax Department participated enthusiastically in the Government of India’s month-long Special Campaign for Swachhata which ends on 31st October 2022
2. 7th India Water Week has been organized at the India Expo Centre in Greater Noida, Uttar Pradesh.
3. Department of Youth Affairs and Sports and its affiliate organizations namely Nehru Yuva Kendra Sangathan (NYKS) and National Service Scheme (NSS) organized Unity Runs on the birth anniversary of Sardar Vallabh Bhai Patel in the year of Azadi Ka Amrit Mahotsav in all districts across the country.
4. India and Australia are holding discussions to sign the IndAus ECTA (India-Australia Economic Cooperation and Trade Agreement), its early implementation and to deliberate upon way forward for a comprehensive IndAus ECTA.
5. Uttar Pradesh has inaugurated north India’s first hyperscale data center Yotta D1 in Greater Noida.
6. Bureau of Indian Standards (BIS) has signed MOU with IIT Kanpur, IIT(ISM) Dhanbad and NIT Rourkela for establishment of ‘BIS Standardization Chair Professor’ at these institutes.
7. Indo-Pacific Endeavour (IPE), one of Australia’s key regional engagement activities, will be conducted from September to November 2022.
8. 21st Meeting of Shanghai Cooperation Organisation (SCO) Council of Heads of Government was held in the virtual format under the Presidency of India.
9. USA and South Korea Air Forces have conducted the ‘Vigilant Storm’ military exercises in Korea.
10. Google has acquired Alter, an artificial intelligence (AI) avatar startup, for about $100 million in an effort to improve its content game and compete with TikTok.
11. Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2%, increasing its overall stake to a little over 9%.
12. Tata Steel Jamshedpur site has become India’s first company to get the Responsible Steel Site certification.
13. Edtech company ByteXL has signed an MoU with Microsoft to offer training to students in emerging technologies in tier-ii and iii cities of the country.
14. Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business expenditure, has collaborated with National Payments Corp. of India (NPCI) to issue contactless credit cards on the RuPay network.
15. South Indian Bank has launched the foreign outward remittance service on its mobile app named ‘SIB Mirror+’.
16. HDFC ERGO has launched a technology-backed farm yield insurance policy for farmers.
17. Bank of Baroda has launched two platinum cards named BoB World Opulence and BoB World Sapphire for the high-net-worth-individuals.
18. ReNew Energy Global PLC aims to achieve net zero carbon emissions by 2040 to achieve the target through a comprehensive programme of measures.
19. India Exim Bank has released the ‘Reinvigorating India’s Economic Engagements with Southern Africa’ report during the CII-Exim Bank Regional Conclave on India-Southern Africa Growth Partnership.
20. For the first time in India, two women officers of the Central Reserve Police Force (CRPF), Annie Abraham and Seema Dhundiya, have been promoted to the rank of Inspector General.
21. October 24-30 – International Open Access Week; Theme – Open for Climate Justice
22. November 1-5 – India Water Week (7th edition); Theme – Water Security for Sustainable Development with Equity
23. November 1 – Statehood Day of Karnataka, Haryana, Madhya Pradesh, Chhattisgarh, Kerala, Andhra Pradesh
24. Jamshed J Irani, the “Steel Man of India” who “reinvented” Tata Steel and made it the “lowest-cost steel producer in the world”, has passed away.

National News

1. Income Tax Department participated enthusiastically in the Government of India’s month-long Special Campaign for Swachhata which ends on 31st October 2022
   • Income Tax Department has launched the HARIT Aaykar (Hariyali Achievement Resolution by Income Tax) initiative to increase the green cover by planting trees and creating micro-forests in and around Income Tax Department’s buildings and other public areas.
2. 7th India Water Week has been organized at the India Expo Centre in Greater Noida, Uttar Pradesh.
   • Denmark, Finland, Germany, Israel & European Union are participating in 7th IWW.
3. Department of Youth Affairs and Sports and its affiliate organizations namely Nehru Yuva Kendra Sangathan (NYKS) and National Service Scheme (NSS) organized Unity Runs on the birth anniversary of Sardar Vallabh Bhai Patel in the year of Azadi Ka Amrit Mahotsav in all districts across the country.
4. India and Australia are holding discussions to sign the IndAus ECTA (India-Australia Economic Cooperation and Trade Agreement), its early implementation and to deliberate upon way forward for a comprehensive IndAus ECTA.

State News

1. Uttar Pradesh has inaugurated north India’s first hyperscale data center Yotta D1 in Greater Noida.
   • Hyperscale data centres are massive facilities built by companies with vast data processing and storage needs.
   • Yotta Infrastructure Solutions has signed an MOU with the UP govt to set up this centre at a cost of Rs 39,000 crores.

Memorandum of Understanding

1. Bureau of Indian Standards (BIS) has signed MOU with IIT Kanpur, IIT(ISM) Dhanbad and NIT Rourkela for establishment of ‘BIS Standardization Chair Professor’ at these institutes.

International News

1. Indo-Pacific Endeavour (IPE), one of Australia’s key regional engagement activities, will be conducted from September to November 2022.
   • During the exercise, HMAS Anzac visited a record 14 countries in this iteration.
2. 21st Meeting of Shanghai Cooperation Organisation (SCO) Council of Heads of Government was held in the virtual format under the Presidency of India.
3. USA and South Korea Air Forces have conducted the ‘Vigilant Storm’ military exercises in Korea.

Banking and Economy

1. Google has acquired Alter, an artificial intelligence (AI) avatar startup, for about $100 million in an effort to improve its content game and compete with TikTok.
2. Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2%, increasing its overall stake to a little over 9%.
3. Tata Steel Jamshedpur site has become India’s first company to get the Responsible Steel Site certification.
   • ResponsibleSteel is the steel industry’s first global multi-stakeholder standard and certification initiative that works with steel producers, consumers, and intermediaries towards building a sustainable steel industry by addressing pressing challenges including climate change, diversity, human rights and more.
   • CEO & MD, Tata Steel – T. V. Narendran
4. Edtech company ByteXL has signed an MoU with Microsoft to offer training to students in emerging technologies in tier-ii and iii cities of the country.
5. Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business expenditure, has collaborated with National Payments Corp. of India (NPCI) to issue contactless credit cards on the RuPay network.
6. South Indian Bank has launched the foreign outward remittance service on its mobile app named ‘SIB Mirror+’.
   • Non-resident external (NRE) and resident savings bank account holders can make foreign outward remittances through the bank’s ‘SIB Mirror+’ mobile banking application.
   • The service is also available on its Internet banking platform ‘SIBERNET’.
7. HDFC ERGO has launched a technology-backed farm yield insurance policy for farmers.
   • This is a first-of-its-kind insurance solution, where a satellite-based index will be used to provide localized farm-level coverage.
8. Bank of Baroda has launched two platinum cards named BoB World Opulence and BoB World Sapphire for the high-net-worth-individuals.
9. ReNew Energy Global PLC aims to achieve net zero carbon emissions by 2040 to achieve the target through a comprehensive programme of measures.
10. India Exim Bank has released the ‘Reinvigorating India’s Economic Engagements with Southern Africa’ report during the CII-Exim Bank Regional Conclave on India-Southern Africa Growth Partnership.
    • According to the report, India has emerged as a leading defence exporter in recent years and could fulfil Africa’s maritime, aerospace and defence requirements, with Mauritius, Mozambique and Seychelles becoming the major buyers of Indian arms during 2017-2021.

Appointments

1. For the first time in India, two women officers of the Central Reserve Police Force (CRPF), Annie Abraham and Seema Dhundiya, have been promoted to the rank of Inspector General.

Important Days

1. October 24-30 – International Open Access Week; Theme – Open for Climate Justice
2. November 1-5 – India Water Week (7th edition); Theme – Water Security for Sustainable Development with Equity
3. November 1 – Statehood Day of Karnataka, Haryana, Madhya Pradesh, Chhattisgarh, Kerala, Andhra Pradesh

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