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04th November, 2022

National Legal Services Authority,  WHO South East Asia Region, In-Situ Slum Rehabilitation Project, Donyi Polo Airport, FIBAC 2022 conference,  first-of-its-kind Purple Fest,  “CM Dashboard”, Pune Mahanagar Parivahan Mahamandal Ltd,  digital resurvey,  phosphatic and potassic (P&K) fertilisers,  ethanol procured by oil marketing companies,  Phase-II Ballistic Missile Defence Interceptor AD-1,  Zojila War Memorial,  Abu Dhabi National Oil Company,  Climate Policy Factbook 2022,  India’s agricultural finance ecosystem, iGuarantee Max Savings Plan, Tiranga Plus Fixed Deposit Scheme, Aditya Birla Sun Life AMC,  Corporate Agency partnership,  Star Super Triple Seven Fixed Deposit, AirAsia India,  Mata Amritanandamayi Devi,  India’s Civil 20 (C20), International Day to End Impunity for Crimes Against Journalists, ‘Karnataka Ratna’,  Collin dictionary’s word of the year

  1. Chief Justice of India Justice D Y Chandrachud has launched two campaigns of the National Legal Services Authority (NALSA) for promoting inclusivity.
  2. Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H), Ministry of Ayush, in collaboration with WHO South East Asia Region (WHO-SEARO), has conducted a 3-days training program to upgrade laboratory capacity for quality control of Tradition/Herbal products in South-East Asia region.
  3. The Prime Minister, Shri Narendra Modi inaugurated 3024 newly constructed EWS flats at Kalkaji, Delhi built for rehabilitating slum dwellers under the ‘In-Situ Slum Rehabilitation Project’.
  4. Union Cabinet has given the approval to rename the Greenfield Airport at Hollongi, Itanagar as “Donyi Polo Airport”, Itanagar.
  5. A two-day FIBAC 2022 conference was organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Banks Association (IBA) in Mumbai.
  6. Goa will organize the first-of-its-kind Purple Fest for persons with disability in January 2023 on the side-lines of the India International Film Festival.
  7. The Haryana govt has launched a “CM Dashboard” for live monitoring of all govt departments.
  8. Google Cloud has collaborated with Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), the public transport bus service provider for the twin cities of Pune & Pimpri Chinchwad and the PMRDA region.
  9. Kerala has launched a digital resurvey to ensure speedy delivery of land-related services to people on the occasion of the state’s foundation (November 1).
  10. Cabinet Committee on Economic Affairs (CCEA) has approved a subsidy of Rs 51,875 crore for phosphatic and potassic (P&K) fertilisers for the second half of 2022-23.
  11. Cabinet Committee on Economic Affairs (CCEA) has approved a rise in the cost of ethanol procured by oil marketing companies (OMCs) from distilleries for the forthcoming sugar season 2022-23 (during ethanol supply year 2022-23 from December 1 2022 to October 31 2023).
  12. India has successfully conducted the maiden flight test of Phase-II Ballistic Missile Defence Interceptor AD-1 at Dr Abdul Kalam Island, located off the coast of Odisha.
  13. Zojila Day was commemorated at Zojila War Memorial near Drass on November 1 to celebrate the gallant action by Indian troops in ‘Operation Bison’ in 1948 which was launched on the icy heights of Zojila pass, the gateway to Ladakh.
  14. State-run GAIL India has signed an MOU with Abu Dhabi National Oil Company (ADNOC) to explore collaboration opportunities in liquefied natural gas (LNG) supply and decarbonisation, including short- and long-term sales agreements.
  15. Drone manufacturer Garuda Aerospace has signed an MOU with the Indian Institute of Science (IISc), Bangalore for collaborative research operations and services using unmanned aerial vehicles (UAVs).
  16. According to UNESCO, several world heritage sites may become glacier-free by 2050.
  17. Climate Policy Factbook 2022 has been released by BloombergNEF and Bloomberg Philanthropies.
  18. Private equity major Bain Capital has sold nearly 16.7 million shares, equalling a 0.5% stake in private sector lender Axis Bank.
  19. Bayer CropScience, Rabo Partnerships and Mastercard have launched a scalable program to advance the digitization of India’s agricultural finance ecosystem.
  20. Aegon Life Insurance has launched the iGuarantee Max Savings Plan, which offers a dual benefit of high returns and life cover.
  21. Bank of Baroda has launched the “Tiranga Plus Fixed Deposit Scheme” with a tenor of 399 days at an interest rate of 6.75% for normal citizens and 7.25% for senior citizens.
  22. Aditya Birla Sun Life AMC has launched Sahyog, an initiative to empower support staff and their families.
  23. Niva Bupa Health Insurance Company Limited (NBHIC), a standalone health insurer, has entered into a Corporate Agency partnership with IDFC FIRST Bank to provide health insurance solutions to the bank’s customers.
  24. Bank of India has launched Star Super Triple Seven Fixed Deposit, a special fixed deposit scheme, to offer a 7.25% rate of interest (7.75% for citizens) on a deposit for 777 days.
  25. Malaysia-based AirAsia Group has exited AirAsia India by selling its remaining 16.67% stake to Tata Group-owned Air India for Rs 155.64 crores.
  26. Government of India has appointed Mata Amritanandamayi Devi (known as Amma) as the chair of India’s Civil 20 (C20), an official engagement group of the Group of 20 (G20).
  27. November 2 – International Day to End Impunity for Crimes Against Journalists mata
  28. Karnataka’s highest civilian award the ‘Karnataka Ratna’ was conferred posthumously on late actor Puneeth Rajkumar, on the occasion of the 67th Kannada Rajyotsava (the state formation day).
  29. “Permacrisis” has been chosen as Collin dictionary’s word of the year for 2022.
  30. Ahmedabad-based activist Ela Bhatt, founder of the Self-Employed Women’s Association (SEWA), has passed away.

Table of Content 

National News

  1. Chief Justice of India Justice D Y Chandrachud has launched two campaigns of the National Legal Services Authority (NALSA) for promoting inclusivity.
      • The campaigns are ‘Empowerment of Citizens through Legal Awareness and Outreach’ and ‘Haq_hamara_bhi_hai@75’ — which is a special campaign for legal assistance in prisons and childcare institutions.
  2. Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H), Ministry of Ayush, in collaboration with WHO South East Asia Region (WHO-SEARO), has conducted a 3-days training program to upgrade laboratory capacity for quality control of Tradition/Herbal products in South-East Asia region.
  • The objective of the training is to impart skills for laboratory-based techniques and methods to maintain the quality of Traditional/herbal products.
  • The Prime Minister, Shri Narendra Modi inaugurated 3024 newly constructed EWS flats at Kalkaji, Delhi built for rehabilitating slum dwellers under the ‘In-Situ Slum Rehabilitation Project’.
  • Union Cabinet has given the approval to rename the Greenfield Airport at Hollongi, Itanagar as “Donyi Polo Airport”, Itanagar.
  • A two-day FIBAC 2022 conference was organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Banks Association (IBA) in Mumbai.
      • Discussions were held across three themes, which are opportunities in infrastructure financing; risk management; and long-term liabilities.
  • State News

    1. Goa will organize the first-of-its-kind Purple Fest for persons with disability in January 2023 on the side-lines of the India International Film Festival.
    2. The Haryana govt has launched a “CM Dashboard” for live monitoring of all govt departments.
        • Haryana CM Manohar Lal Khattar has also launched an e-Uphar portal to auction the gifts received by him during various functions.
    3. Google Cloud has collaborated with Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), the public transport bus service provider for the twin cities of Pune & Pimpri Chinchwad and the PMRDA region.
        • Purpose – to build an intelligent transit management system and feed system to track buses live on Google Maps
    4. Kerala has launched a digital resurvey to ensure speedy delivery of land-related services to people on the occasion of the state’s foundation (November 1).

    Agriculture and Rural Development

    1. Cabinet Committee on Economic Affairs (CCEA) has approved a subsidy of Rs 51,875 crore for phosphatic and potassic (P&K) fertilisers for the second half of 2022-23.
        • New Subsidy rates under Nutrient-Based Subsidy Scheme for Rabi-2022 (from 01.10.2022 to 31.03.2023) –
    NutrientRate
    Nitrogen (N)Rs 98.02 per kg
    Phosphorus (P)Rs 66.93 per kg
    Potash (K)Rs 23.65 per kg
    Sulphur (S)Rs 6.12 per kg
    • The government had in April approved a subsidy of Rs 60,939.23 crore for P&K fertilisers for the first six months (kharif season) of current fiscal year.
    Knowledge Nuggets –

    · The NBS scheme is being implemented since April 2010.

    · Under the scheme, a fixed rate of subsidy used to be announced on nutrients namely nitrogen, phosphate, potash and sulphur by the government on annual basis. However, it is being announced now on a biannual basis.

    1. Cabinet Committee on Economic Affairs (CCEA) has approved a rise in the cost of ethanol procured by oil marketing companies (OMCs) from distilleries for the forthcoming sugar season 2022-23 (during ethanol supply year 2022-23 from December 1 2022 to October 31 2023).
        • This ethanol blending programme (EBP) of the Central Govt has been extended to the whole of India except for UTs of Andaman & Nicobar and Lakshadweep islands with effect from April 1, 2019, to promote the use of alternative and environment-friendly fuels.
    EthanolNew Rates
    Ethanol from C heavy molassesRs 49.41 per litre
    Ethanol from B heavy molasses Rs 60.73 per litre
    Ethanol from sugarcane juice, sugar and sugar syrup Rs 65.61 per litre

    Defence News

    1. India has successfully conducted the maiden flight test of Phase-II Ballistic Missile Defence Interceptor AD-1 at Dr Abdul Kalam Island, located off the coast of Odisha.
        • Now, the missile of the 5,000 km range can also be intercepted.
    2. Zojila Day was commemorated at Zojila War Memorial near Drass on November 1 to celebrate the gallant action by Indian troops in ‘Operation Bison’ in 1948 which was launched on the icy heights of Zojila pass, the gateway to Ladakh.
        • Zoji La had been seized by Pakistani raiders in 1948 in their campaign to capture Ladakh.

    Memorandum of Understanding

    1. State-run GAIL India has signed an MOU with Abu Dhabi National Oil Company (ADNOC) to explore collaboration opportunities in liquefied natural gas (LNG) supply and decarbonisation, including short- and long-term sales agreements.
    2. Drone manufacturer Garuda Aerospace has signed an MOU with the Indian Institute of Science (IISc), Bangalore for collaborative research operations and services using unmanned aerial vehicles (UAVs).

    International News

    1. According to UNESCO, several world heritage sites may become glacier-free by 2050.
        • A survey of 18,600 glaciers at 50 World Heritage Sites found that the glaciers at one-third of these sites will perish because of global warming regardless of the global efforts towards limiting the temperature rise.

    Reports and Indices

    1. Climate Policy Factbook 2022 has been released by BloombergNEF and Bloomberg Philanthropies.
        • According to the Factbook, G20 countries have provided nearly $700 billion in subsidies for coal, oil, gas and fossil-fuel industries in 2021.
        • Fossil support spending increased by 16%.

    Banking and Economy

    1. Private equity major Bain Capital has sold nearly 16.7 million shares, equalling a 0.5% stake in private sector lender Axis Bank.
    2. Bayer CropScience, Rabo Partnerships and Mastercard have launched a scalable program to advance the digitization of India’s agricultural finance ecosystem.
        • Mastercard is already operating the Mastercard’s Farm Pass.
        • The Mastercard’s Farm Pass is a digital ecosystem platform that works offline, even with feature phones, connecting buyers, Farmer Producer Organizations (FPOs) and other agriculture ecosystem players with farmers digitally, and helping them get the best value for their produce.
    3. Aegon Life Insurance has launched the iGuarantee Max Savings Plan, which offers a dual benefit of high returns and life cover.
        • The minimum monthly contribution for the plan is Rs 500, can be done online with no paper works, and subscribers could gain higher tax-free returns on their savings.
    4. Bank of Baroda has launched the “Tiranga Plus Fixed Deposit Scheme” with a tenor of 399 days at an interest rate of 6.75% for normal citizens and 7.25% for senior citizens.
        • Under the non-callable fixed deposit option of the same tenure, where premature withdrawal is not allowed, the regular investors will get up to 7% interest rates, whereas senior citizens under this scheme will get 7.50% interest rates.9
    5. Aditya Birla Sun Life AMC has launched Sahyog, an initiative to empower support staff and their families.
        • Sahyog helps an employer to start a systematic investment plan in mutual funds on behalf of the domestic help to achieve their goal.
        • Aditya Birla Sun Life Insurance has also partnered with Karza Technologies (part of Perfios Software Solutions Pvt. Ltd.) to launch end-to-end onboarding journey of customers on WhatsApp platform.
        • It will allow customers to select premium amount, term, illustration generation and premium payment within the WhatsApp journey only.
    6. Niva Bupa Health Insurance Company Limited (NBHIC), a standalone health insurer, has entered into a Corporate Agency partnership with IDFC FIRST Bank to provide health insurance solutions to the bank’s customers.
    7. Bank of India has launched Star Super Triple Seven Fixed Deposit, a special fixed deposit scheme, to offer a 7.25% rate of interest (7.75% for citizens) on a deposit for 777 days.
    8. Malaysia-based AirAsia Group has exited AirAsia India by selling its remaining 67% stake to Tata Group-owned Air India for Rs 155.64 crores.

    Appointments

    1. Government of India has appointed Mata Amritanandamayi Devi (known as Amma) as the chair of India’s Civil 20 (C20), an official engagement group of the Group of 20 (G20).
        • C20 is G20’s platform for the civil-society organizations (CSOs) to bring forth non-government and non-business voices to the G20 leaders.
        • India will assume the presidency of the G20 for one year — from December 1, 2022 to November 30, 2023.
        • G20’s members consist of 19 countries plus the European Union, and India has been a member since its inception in 1999.

    Important Days

    1. November 2 – International Day to End Impunity for Crimes Against Journalists mata

    Awards

    1. Karnataka’s highest civilian award the ‘Karnataka Ratna’ was conferred posthumously on late actor Puneeth Rajkumar, on the occasion of the 67th Kannada Rajyotsava (the state formation day).

    Miscellaneous

    1. “Permacrisis” has been chosen as Collin dictionary’s word of the year for 2022.
    2. Ahmedabad-based activist Ela Bhatt, founder of the Self-Employed Women’s Association (SEWA), has passed away.
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    About Anuj Jindal

    ━━━━━
    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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