Daily Current Affairs October 12 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

World Arthritis Day- October 12

• World Arthritis day 2022 is observed on the 12th of October.
• Any condition that affects the joints is commonly referred to as arthritis.
• Pain and stiffness in the joints are typical symptoms. Redness, warmth, swelling, and a reduced range of motion in the afflicted joints are possible additional symptoms.

History

• The Arthritis Foundation established World Arthritis Day.
• The Greek terms “arthro,” which means “joint,” and “itis,” which means “inflammation,” are the origin of the word “arthritis.”
• Inflammation of the joints is a symptom of arthritis. Any living organism with bones is susceptible.
• The existence of ankle arthritis in humans dates back to at least 4500 B.C., and there is evidence that it was present in dinosaurs as well!
• In actuality, it was among the most prevalent diseases among prehistoric populations.
• William Musgrave’s 1715 book “De Arthritide Symptomatica,” was the first in-depth research and categorization.

CURRENT AFFAIRS: NATIONAL NEWS

DPIIT has notified the establishment of the Credit Guarantee Scheme for Startups:

• The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has notified the establishment of the Credit Guarantee Scheme for Startups (CGSS).
• CGSS is aimed at providing credit guarantees up to a specified limit against loans extended by Member Institutions (MIs) to finance eligible borrowers viz. Startups.
• This scheme would help provide collateral-free debt funding to startups
• The credit guarantee cover under the Scheme would be transaction-based and umbrella based.
• In transaction-based guarantee cover, the guarantee cover is obtained by the MIs on a single eligible borrower basis.
• It will promote lending by Banks/ NBFCs to eligible startups.
• The umbrella-based guarantee cover will provide a guarantee to Venture Debt Funds (VDF) registered under AIF regulations of SEBI.
• The exposure to individual cases would be capped at 10 crores per case or the actual outstanding credit amount, whichever is less.
• DPIIT will be constituting a Management Committee (MC) and a Risk Evaluation Committee (REC) for reviewing, supervising, and operational oversight of the Scheme.
• The National Credit Guarantee Trustee Company Limited (NCGTC) will be operating the Scheme.

PM to inaugurate the first phase of the Shri Mahakaleshwar Temple Extension project:

• PM Modi to inaugurate the first phase of the Shri Mahakaleshwar Temple Extension project.
• Mahakaleshwar Jyotirlinga is a Hindu temple dedicated to Shiva and is one of the twelve Jyotirlingas, shrines that are said to be the most sacred abodes of Shiva.
• It is located in the ancient city of Ujjain in the state of Madhya Pradesh, India.
• The temple is situated on the side of the holy river Shipra.
• The temple’s Mahakal Lingam is believed to be Swayambhu (self-manifested) and unlike any other jyotirlingas in the country, the idol of Mahakaleshwar faces south.
• The Mahakal temple complex expansion project was planned in the year 2017.
• This expansion project is being conducted in two phases.
• The second Phase will be completed in 2023-24.

Center has decided to bring in amendments to policy guidelines in the private FM radio space:

• The Center has decided to bring in amendments to policy guidelines in the private FM radio space, in terms of ownership of channels at the national level.
• It believes these amendments will bring ease of doing business for the FM radio sector.
• According to the amendments, the Center has decided to remove the 3-year window period for restructuring of FM radio permissions “within the same management group” during the license period of 15 years.
• Earlier, no entity was allowed to own more than 15 percent of the total channels allotted in the country.
• The government has also accepted the long-pending demand of the radio industry to remove the 15 percent national cap on channel holding.
• As part of the simplification of financial eligibility norms in the FM radio policy, entities with a net worth of ₹1 crore can now participate in bidding for ‘C’ and ‘D’ category cities.
• Earlier, the net worth eligibility was set at ₹5 crores.

Shri Amit Shah has inaugurated the Eastern and North-Eastern Cooperative Dairy Conclave 2022 in Gangtok:

• The Union Minister for Home and Cooperation, Shri Amit Shah has inaugurated the Eastern and North-Eastern Cooperative Dairy Conclave 2022 in Gangtok, the capital of Sikkim.
• In another event, Shri Amit Shah unveiled the statue of Sardar Vallabhbhai Patel at Raj Bhavan in
• The statue of Sardar Vallabhbhai Patel was unveiled at Raj Bhawan premises by Union Home minister Amit Shah in the presence of Governor Ganga Prasad and Chief Minister P.S. Golay followed by the unveiling of the Flag Mast.
• The brief function at the Raj Bhawan also witnessed the launch of a documentary on “Life of Ganga Prasad” and a coffee table book “Pragati Pathi” by the Union Home minister.
• As a token of gratitude, a replica of the Sardar Vallabhbhai Patel statue was presented to the Union Home minister by the Governor of Sikkim.
• The Ministry of Cooperation and the National Dairy Development Board (NDDB) have planned a Multipurpose PACS in every Panchayat which will do the work of distribution of Dairy, FPO, Agriculture, and Gas Production.
• To explore this world market, the government is setting up a multi-state cooperative, which will act as an export house.
• It will work to export the milk product of our cooperative dairy in the world and bring profit to the farmer.
• The government is committed to increasing this market from 13 lakh crore to 30 lakh crore by 2027.

The Centre has extended the timeline for the disbursement of loans up to March 31

• The Centre has extended the timeline for disbursement of loans up to March 31 under the ethanol blending program interest subsidy scheme, notified first in 2018, to facilitate entrepreneurs to complete their projects while availing of government support.
• The center has launched several schemes to boost ethanol production in the country.
• In April, the deadline for submitting applications under the scheme was extended by six months.
• The deadline was September 2022 earlier.
• India needs 1016 crore liters of ethanol by 2025 to achieve the 20% ethanol blending target.

The Government of India has set a target of 33% emissions intensity reduction:

• The Government of India, as part of its Nationally Determined Contributions (NDCs), has set a target of 33% emissions intensity reduction, with the transport sector being one of the key sectors with substantial mitigation potential.
• One of the most vital transportation emissions mitigation strategies agreed to by the Government of India was increasing the share of Indian Railways in the movement of freight from the current ~35-36% to 45% by 2030.
• Indian Railways has a major role in contributing to India’s NDC toward combating Climate Change through several means:
• To enhance the share of the Railways in the overall land-based freight transport from the present 36% to 45% by the year 2030.
• Indian Railways is setting up Dedicated Freight Corridors (DFCs) across the country.
• The first phase of the project alone is estimated to reduce emissions by about 457 million tons of CO2 over 30 years.
• Use of 5% blending of biofuels in traction diesel fuel.
• Improve water use efficiency by 20% up to 2030.
• By 2029-30, the expected requirement of installation of renewable capacity would be about 30 GW.
• IR has installed 142 MW of solar rooftop capacity and 103.4 MW of Wind energy till August 2022.

CURRENT AFFAIRS: INTERNATIONAL NEWS

WHO alerts against India-made cough syrups after 66 children die in the Gambia

• A global alert has been issued over 4 cough syrups after the World Health Organization (WHO) warned they could be linked to the deaths of 66 children in The Gambia.
• The cough syrups–Promethazine Oral Solution, Kofexmalin Baby Cough Syrup, Makoff Baby Cough Syrup, and Magrip N Cold Syrup are made by Haryana-based Maiden Pharmaceuticals
• So far, The company has manufactured and exported these products only to the Gambia.
• The Central Drug Standard Control Organisation (CDSCO) has launched an investigation into the matter.
• As per a report, the WHO found 4 of the 23 samples tested contaminated with diethylene glycol or ethylene glycol. 
• Chemical substances like Diethylene glycol and ethylene glycol can cause toxic effects.
• In 2021, at least three children died in New Delhi after consuming a cough syrup with dextromethorphan, one of the components present in one of the four syrups flagged by WHO.

About CDSCO : 

• Headquarters: New Delhi, Delhi, India
• Drugs Controller General of India: Dr. V. G. Somani
• It is the National Regulatory Authority (NRA) for cosmetics, pharmaceuticals, and medical devices under the Ministry of  Health & Family Welfare. 

About WHO :

• Established: 7 April 1948
• Headquarters: Geneva, Switzerland
• Director General : Tedros Adhanom

About The Gambia :

• President: Adama Barrow
• Capital: Banjul
• Currency: Dalasi

UNESCO launches a list of 50 iconic Indian heritage textile

• The United Nations Educational, Scientific and Cultural Organization (UNESCO) has launched Handmade for the 21st Century: Safeguarding Traditional Indian Textile, a list documenting exclusive and 50 iconic heritage textile crafts of India.

Aim :

• To bridge this gap brings together years of research on the 50 selected textiles.
• It lists the histories and legends behind the textiles, describes the complicated and secret processes behind their making, mentions the causes for their dwindling popularity, and provides strategies for their preservation.

Some of the Important Textiles Crafts on the List :

• Toda embroidery (Nilgiris) from Tamil Nadu
• Sungudi or Chungadi (Madurai) from Tamil Nadu
• Sikalnayakanpet Kalamkari (Thanjavur) from Tamil Nadu
• Himroo weaves (Hyderabad) from Telangana & Andhra Pradesh
• Bandha tie and dye weaving (Sambalpur) from Odisha
• Kunbi weaves from Goa
• Mashru weaves and Patola from Gujarat
• Himroo weaving (Aurangabad) from Maharashtra
• Garad-Korial weaving (Murshidabad) from West Bengal
• Ilkal (Bagalkot) from Karnataka
• Lambadi or Banjara embroidery (Sandur, Bellary) from Karnataka
• Khes weaving (Panipat) from Haryana
• Chamba rumals (Chamba Rumals) from Himachal Pradesh
• Thigma or wool tie and dye from Ladakh
• Awadh Jamdani (Varanasi) from Uttar Pradesh
• The UNESCO publication also includes recommendations for the protection and revitalization of these textile crafts, which cover the broad spectrum of issues extending from policy to grass-root-based micro-interventions.

About UNESCO :

• Founded: 16 November 1945
• Headquarters: Paris, France
• Director General: Audrey Azoulay
• Members: 193 member states and 12 associate members
• UNESCO  is a specialized agency of the United Nations (UN).

Aim:

• To promote world peace and security through international cooperation in education, arts, sciences, and culture.

CURRENT AFFAIRS: STATE NEWS

Karnataka Cabinet approves proposal to hike SC, ST reservation

• The Karnataka Cabinet has given its approval to increase the Scheduled Castes and Tribes (SC/STs) quota in
• The decision has been taken by the government based on the report of Justice H N Nagamohan Das Commission, which has recommended hiking the quota for SCs from 15% to 17% and for STs from 3% to 7%.
• The State Government in principle agreed to increase the existing quota by 2% for SCs and by 4% for STs in
• Chief Minister Shri Basavaraj Bommai announced this effect after chairing an all-party meeting that was attended by Congress and JD(S) leader
• After this hike, the total reservation in the state will be 56%.
• Previously, Karnataka had 50% reservation, of which 32% was for OBCs (other backward classes), 15% for SCs, and 3% for STs
• The State Government would seek more than 50% reservation under Scheduled 9 of the Constitution through a constitutional amendment, to get immunity from a legal challenge, on the lines of the Tamil Nadu Government, which has increased reservation up to 69%.

About Karnataka :

• Governor: Thawar Chand Gehlot
• Chief minister: Basavaraj Bommai
• Capital: Bengaluru
• National Park: Nagarhole National Park, Bandipur NP, Kudremukh NP
• Wildlife Sanctuaries: Dandeli Wildlife Sanctuary, Bhadra Wildlife Sanctuary, Brahmagiri wildlife sanctuary

J&K became the first to establish 75 Amrit Sarovars in each  district Under Mission Amrit Sarovar

• Jammu and Kashmir (J&K) have become the first Union Territory in the country to establish 75 Amrit Sarovars in each district as per the aspirations of Prime Minister Shri Narendra Modi.
• This was informed by Chief Secretary Dr. Arun Kumar Mehta in a review meeting of the Rural Development Department at Srinagar.
• J&K had started implementing the scheme in a mission mode & UT level committee under the chairmanship of the Chief Secretary with the participation of departments like Forest, Culture, Revenue, and Jal Shakti was constituted for apex-level monitoring and implementation of the scheme.

Key Highlights :

• According to the guidelines of the mission, J&K had to complete 300 Amrit Sarovars before August 15, 2022, and 1500 Amrit Sarovars by August 15, 2023.
• However, UT completed 1490 Amrit Sarovar on 15th August 2022, and at present, UT has completed work on 1953 Amrit  Sarovar.
• The Finance Department has released Rs 50 crore for the rejuvenation and construction of these Amrit Sarovar.

About Mission Amrit Sarovar: 

• The Mission Amrit Sarovar was launched by Prime Minister Shri Narendra Modi on National Panchayati Raj Day on April 24, 2022, at Palli Gram Panchayat in Jammu’s Samba district.
• At the national level, the UT figures at number 2 in terms of completion of Amrit Sarovar featuring just after the much bigger State of Uttar Pradesh.

About J&K :

• Lieutenant Governor: Manoj Sinha
• Capital: Srinagar, Jammu
• National Park: Kishtwar High Altitude National Park, Kaziranga National Park, Dachigam National Park
• Wildlife Sanctuaries: Ramnagar Wildlife Sanctuary, Gulmarg Wildlife Sanctuary

Goa to host 37th National Games in October 2023 – IOA

• The Indian Olympic Association (IOA) confirmed that the Goa government has been selected as the host for the 37th edition of the National Games in October 2023.
• The Goa delegation may get the IOA flag at the Closing Ceremony of the 36th National Games on 12th October 2022 in Surat, Gujarat.
• Goa had signed the contract to host the National Games in 2011  but, technically, its turn was only after the 35th edition, which was hosted by Kerala in January 2015.
• Since then, the state sought multiple postponements after finalizing 2016 as the year to host the Games.
• The 37th National Games will be held from 23rd September to 8th October 2022 in Hangzhou, China.

About Goa :

• Governor: S. Sreedharan Pillai
• Chief Minister: Pramod Sawant
• Capital: Panaji
• Airport: Dabolim Airport

CURRENT AFFAIRS: BANKING & FINANCE

RBI to launch a pilot project for the digital rupee 

• The Reserve Bank of India (RBI) will soon commence the pilot launch of the Digital Rupee (e₹) for specific use cases as it tests digital currency in
• It released a concept note on the Central Bank Digital Currency (CBDC).

About e-RUPI :

• e-RUPI is a cashless and contactless instrument for digital payment.
• It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
• It has been developed by the National Payments Corporation of India on its UPI platform, in collaboration with the Department of Financial Services, the Ministry of Health & Family Welfare, and the National Health Authority. 

About CBDC :

• CBDCs are a digital form of a paper currency and unlike cryptocurrencies that operate in a regulatory vacuum, these are legal tenders issued and backed by a central bank
• It is the same as a fiat currency (like the Indian rupee) and is exchangeable one-to-one with the fiat currency
• The digital fiat currency or CBDC can be transacted using wallets backed by blockchain
• As of July 2022, 105 countries were exploring CBDC, accounting for 95% of the world GDP.
• The Bahamian Sand Dollar was the first to debut CBDC in 2020, while Jamaica’s JAM-DEX was the most recent. 
• China became the world’s first major economy to pilot a digital currency e-CNY in April 2020.
• According to the RBI, the e-Rupee can be structured as ‘token-based’ or ‘account-based’.
• Token-based CBDC : (which is a bearer instrument like banknotes, meaning whosoever holds the tokens at a given point in time would be presumed to own them) is viewed as a preferred mode for CBDC-R as it would be closer to physical cash.
• Account-based CBDC : (which requires maintenance of record of balances and transactions of all holders of the CBDC and indicates the ownership of the monetary balances) may be considered for CBDC-W.

About RBI :

• Established: 1 April 1935
• Headquarters: Mumbai, Maharashtra, India
• Governor : Shaktikanta Das

• Deputy governors: Mahesh Kumar Jain, M. Rajeshwar Rao, Michael Patra, and T. Rabi Shankar

CURRENT AFFAIRS: BUSINESS NEWS

GST income in September of this year increased by 26%:

• The Goods and Services Tax (GST) revenue in September this year saw a 26% year-on-year jump at ₹48 lakh crore, the third highest ever collections crossing the ₹1.40 lakh crore mark for the seventh consecutive month on robust business activities despite the global economic slowdown.
• While the gross GST revenue collection in September at ₹1,47,686 crore.
• GST monthly collections stabilizing above Rs1.4 lakh crore for seven months in a row would provide more headroom on the fiscal front.
• GST was introduced through the 101st Constitution Amendment Act, of 2016.
• It is one of the biggest indirect tax reforms in the country.
• It was introduced with the slogan of ‘One Nation One Tax.

India’s direct tax collection surged 24 percent to Rs 8.98 lakh crore:

• The Finance Ministry informed that India’s direct tax collection surged 24 percent to Rs 8.98 lakh crore between April 1 – October 8, 2022.
• The gross collection of taxes on corporate earnings rose 16.74 percent from April 1 to October 8, while personal income tax collection jumped 32.30 percent,
• Direct tax collection came at Rs 8.98 lakh crore between April 1 to October 8, 2022, 23.8 percent higher than the gross collection in the corresponding period a year ago.
• Tax collection is an indicator of economic activity in any country.
• But in India, the robust tax collection was despite a slowdown in industrial production and exports.

CURRENT AFFAIRS: MOUS AND AGREEMENT

AIFF has signed an MoU with SAFF for the promotion of football activities:

• The All India Football Federation (AIFF) has signed a Memorandum of Understanding (MoU) with the Saudi Arabian Football Federation (SAFF) for the promotion of football activities including the provision of technical support, the organization, and hosting of youth competitions for both men and women regularly.
• The idea is to host the knockout phase of the Santosh Trophy in select cities in Saudi to encourage State level players to dream big and also to connect the large Indian community in Saudi with Indian football and create a win-win situation for both Federations.
• The All India Football Federation is the governing body of football in India under the jurisdiction of the Ministry of Youth Affairs and Sports, Government of India.
• Formed in 1935 founded at Darbhanga, the federation was one of the founding members of the Asian Football Confederation, the overseer of football in Asia. President: Kalyan Chaubey.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Suzlon energy appoints Mr. Vinod R Tanti as new Chairman & MD for 3 years

• Suzlon Energy announced that Vinod R. Tanti has been appointed as the Chairman and Managing Director (CMD) for the company for three years. 
• The announcement came after the demise of Suzlon Energy founder Tulsi Tanti, who was holding the position of Chairman and Managing Director, on October  1, 2022.
• Vinod R. Tanti, the Managing Director of Suzlon Energy, has resigned from his position as Chief Operating Officer and Wholetime Director.
• The board also approved the appointment of Girish R Tanti as the Executive Director designated as the Executive Vice Chairman of the company with immediate effect for a period of three) years.
• The board also approved the appointment of Pranav Tanti as an Additional Director of the company.

About Vinod R Tanti :

• He is a founder member of Suzlon Energy Limited.
• He has over 34 years of experience in managing key functions at Suzlon.
• He also served as Senvion’s Chief Operating Officer in Germany from June 1, 2012, to June 15, 2013.

About Suzlon Energy Limited :

• Founded: 1995
• Headquarters:  Pune, Maharashtra, India
• Suzlon Energy Limited is an Indian multinational wind turbine manufacturer.

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

Govt, LIC to divest 60.72% stake in IDBI Bank

• The Government of India (GoI) and the Life Insurance Corporation of India (LIC) will together divest a 60.72% stake in IDBI Bank Limited.
• The proposed strategic disinvestment includes the sale of 30.48% of the Government of India’s stake and a 30.24% stake in the Life Insurance Corporation of India.
• For this, the Department of Investment & Public Asset Management (DIPAM) under the Ministry of Defence (MoD) has named KPMG India Pvt Ltd and Link Legal are acting as the transaction and legal advisors for managing the IDBI Bank stake sale
• This would reportedly be the first privatization of a public sector bank.

Key Highlights :

• The government and LIC hold a 94.72% stake together in IDBI Bank.
• Life Insurance Corporation (LIC) holds 529.41 crore shares representing a 49.24% stake in IDBI Bank, while the government holds 488.99 crore shares or a 45.48% stake.
• The IDBI Bank sale will contribute to the FY23 divestment target of the Center of Rs 65,000 crore
• The government has invited an expression of interest (EoIs) till December 16, 2022.
• Expression of interest means a willingness of a potential buyer to participate in a bid to buy a certain stake in a company.
• The EoIs would be valid for 6 months and can be extended to a further 6 months.
• The selected bidder would be required to mandatorily lock-in at least 40% of the equity capital for 5 years from the date of acquisition.

About LIC :

• Founded: 1 September 1956
• Headquarters: Mumbai, Maharashtra, India
• Chairperson : M R Kumar

About IDBI Bank Limited :

• Founded: 1 July 1964
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Rakesh Sharma

CURRENT AFFAIRS: DEFENCE NEWS

Center approves creation of weapon system branch for IAF officers

• On the occasion of the 90th anniversary of the Indian Air Force (IAF), the Ministry of Defence (MoD) has approved the creation of a new branch, called the Weapon Systems (WS) branch.
• This is the first time since Independence that a new operational branch has been created.

Key Highlights :

• The new branch will result in a saving of more than ₹3,400 crore due to reduced expenditure on flying training.
• It will unify all weapon systems operators of the IAF under a single entity for operational employment of all ground-based and specialist airborne weapons.
• The branch would encompass operators in four specialized streams of Surface-to-Surface missiles, Surface-to-Air missiles, Remotely Piloted Aircraft, and Weapon System Operators in twin/multi-crew aircraft.

About MoD :

• Union Minister: Rajnath Singh
• Minister of State: Ajay Bhatt
• Defence Secretary: Dr. Ajay Kumar

About IAF :

• Established: 8 October 1932
• Headquarters: New Delhi, Delhi, India
• Chief of Defence Staff:  General Anil Chauhan
• Chief of the Air Staff:  Air Chief Marshal Vivek Ram Chaudhari

US & South Korea begin joint maritime exercises

• The South Korean and United States navies began a two-day combined maritime maneuvering exercise with a US aircraft carrier.
• The maritime drills will take place in waters off South Korea’s east coast on October 7-8,2022.
• The drills come after North Korea launched a pair of ballistic missiles into the sea and later flew warplanes near the border with the South.
• The Joint drills will strengthen both countries’ operational capabilities and readiness to respond to any provocation by North  Korea. 
• The exercise is being conducted after North Korea launched ballistic missiles over Japan.

About the US :

• President: Joe Biden
• Capital: Washington, D.C
• Currency: U.S. dollar

About South Korea :

• President: Yoon Suk-yeol
• Prime Minister: Han Duck-soo
• Capital: Seoul
• Currency: the Korean Republic won

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

Russia Successfully Launches Navigation Satellite – GLONASS-K

• Russia Successfully launched the Soyuz-2.1b rocket with the Global Navigation Satellite System (GLONASS-K) navigation spacecraft from a northern cosmodrome.
• The GLONASS-K satellite lifted off on the medium-class Soyuz rocket at the Plesetsk Cosmodrome, about 800 km (500 miles) north of Moscow.

About GLONASS-K satellite :

• The GLONASS-K satellite is a third-generation Russian Global Navigation Satellite System Satelite.
• It was designed & developed by the Reshetnev Information Satellite System Company a division of Roscosmos.
• GLONASS-K is a navigation satellite intended as a part of the Russian GLONASS radio-based satellite navigation system. 
• It provides real-time position and speed determination for military and civilian users and is intended to be an alternative to the US global positioning system (GPS).

About Russia :

• President: Vladimir Putin
• Prime Minister: Mikhail Mishustin
• Capital: Moscow

• Currency: Russian ruble

CURRENT AFFAIRS: SPORTS NEWS

Hyderabad is set to become the first city in India to host the Formula E race in Feb 2023:

• The much-awaited Hyderabad E-Prix, the first-ever Formula E race in India, will take place for two days at Necklace Road here on February 10 and 11 next year.
• Formula E is the premier electric single-seater racing series in the world governed by the Fédération Internationale de l’Automobile (FIA).
• With this event, Hyderabad will join the prestigious list of E-Prix host cities such as New York, London, Berlin, Seoul, Monaco, and Rome.
• As part of this, the city will host the Hyderabad EV Summit, the Rall-E Hyderabad, and the Hyderabad E-Motor Show before closing the week with the Hyderabad E-Prix.
• Formula E, officially the ABB FIA Formula E World Championship, is a single-seater motorsport championship for electric cars.
• The series was conceived in 2011 in Paris by FIA president Jean Todt and Spanish businessman Alejandro Agag, who is also the current chairman of Formula E Holdings.

Pankaj Advani won his career’s 25th world title:

• India’s ace cueist Pankaj Advani won his career’s 25th world title after clinching the World Billiards (150-Up) Championship here at the High-End Snooker Club.
• In the final of the best of seven games, Pankaj defeated his compatriot Sourav Kothari 4-0 in a one-sided battle.
• Thailand’s Praput Chaithanasukan and S. Shrikrishna of India got the bronze medals.
• Advani’s last world title came over 12 months ago in Qatar, where he won the IBSF 6-Red Snooker World Cup.

CURRENT AFFAIRS: OBITUARIES

Padma Shri awardee & popular ‘Villupattu’ exponent Subbu Arumugam passes away

• Popular ‘Villupattu’ exponent Subbu Arumugam, who enthralled audiences for about four decades, passed away at the age of 94 in Chennai, Tamil Nadu

About Subbu Arumugam :

• Arumugam was born on 12 July 1928 in Chathiram Puthukulam village of Tirunelveli district in Tamil Nadu, India.
• He was an Indian musician, writer, and Villupattu theater art exponent.
• He published 15 books containing Villu Pattu narratives, songs, short stories, and novels such as Veera Pandia Kattabomman.

Awards & Honors :

• In 2021, he was awarded India’s fourth-highest civilian award, the Padma Shri in the Arts and Literature category.
• He was awarded the Kalaimamani title in 1975 by the Tamil Nadu Eyal Isai Nataka Manramfor for excellence in the field of art and literature.
• He was honored with the Sangeet Natak Akademi Award for his contribution to the practice of Villu Paatu.

Additional Info :

• Villupattu is an ancient form of musical story-telling and the narration is interspersed with music.

Former UP CM and Samajwadi Party founder Mulayam Singh Yadav passes away 

• Former Uttar Pradesh Chief Minister (CM) and Samajwadi Party founder Mulayam Singh Yadav passed away at the age of 82 in Gurugram, Haryana.

About Mulayam Singh Yadav :

• Mulayam Singh Yadav was born on 22 November 1939 in Uttar Pradesh,
• He was an Indian politician and the founder-patron of the Samajwadi Party.
• He was often referred to as Netaji (meaning respected leader in Hindi) by party leaders and workers.
• He is one of the most prominent leaders of Uttar Pradesh, served as the chief minister of the state thrice (1989-91, 1993-95, 2003-07), and also as India’s defense minister.
• He was elected 10 times as a member of the assembly and 7 times as a Lok Sabha member.
• He was the Member of Parliament (MP), representing the Mainpuri constituency in the Lok Sabha at the time of his death in 2022, and earlier represented Azamgarh and Sambhal.

Renowned Writer Dr. Temsula Ao Passes Away

• Former chairperson of Nagaland State Commission for Women, academician, renowned writer, and Padma Shri Dr. Temsula Ao passed away in Dimapur, Nagaland at the age of 80.

About Dr. Temsula Ao :

• Temsula Ao was born on 25 October 1945 in Jorhat, Assam, India.
• She was a Naga poet, fiction writer, and ethnographer from India.
• She served as the Director of the North East Zone Cultural Centre between 1992 and 1997 on deputation from North Eastern Hill University (NEHU).
• She was a Professor of English at NEHU where she retired in 2010.
• Her literary works are reported to have been translated into German and French as well as Hindi, Assamese, and Bengali.

Awards & Honors :

• In 2007, she was awarded the Padma Shri award for her contribution to Literature and Education.
• In 2009, she received the Meghalaya governor’s, Gold Medal.
• In 2013, her book Laburnum For My Head received the Sahitya Akademi Award for English writing in the short story category.
• She was a recipient of the Nagaland Governor’s Award for Distinction in Literature.

Daily CA on October 12:

• World Arthritis day 2022 is observed on the 12th of October.
• The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has notified the establishment of the Credit Guarantee Scheme for Startups (CGSS).
• PM Modi to inaugurate the first phase of the Shri Mahakaleshwar Temple Extension project.
• The Center has decided to bring in amendments to policy guidelines in the private FM radio space, in terms of ownership of channels at the national level.
• The Union Minister for Home and Cooperation, Shri Amit Shah has inaugurated the Eastern and North-Eastern Cooperative Dairy Conclave 2022 in Gangtok, the capital of Sikkim.
• The Centre has extended the timeline for disbursement of loans up to March 31 under the ethanol blending program interest subsidy scheme, notified first in 2018, to facilitate entrepreneurs to complete their projects while availing of government support.
• The Government of India, as part of its Nationally Determined Contributions (NDCs), has set a target of 33% emissions intensity reduction, with the transport sector being one of the key sectors with substantial mitigation potential.
• The Goods and Services Tax (GST) revenue in September this year saw a 26% year-on-year jump at ₹48 lakh crore, the third highest ever collections crossing the ₹1.40 lakh crore mark for the seventh consecutive month on robust business activities despite the global economic slowdown.
• The Finance Ministry informed that India’s direct tax collection surged 24 percent to Rs 8.98 lakh crore between April 1 – October 8, 2022.
• The All India Football Federation (AIFF) has signed a Memorandum of Understanding (MoU) with the Saudi Arabian Football Federation (SAFF) for the promotion of football activities including the provision of technical support, the organization, and hosting of youth competitions for both men and women regularly.
• The much-awaited Hyderabad E-Prix, the first-ever Formula E race in India, will take place for two days at Necklace Road here on February 10 and 11 next year.
• India’s ace cueist Pankaj Advani won his career’s 25th world title after clinching the World Billiards (150-Up) Championship here at the High-End Snooker Club.
• A global alert has been issued over 4 cough syrups after the World Health Organization (WHO) warned they could be linked to the deaths of 66 children in The Gambia.
• The United Nations Educational, Scientific and Cultural Organization (UNESCO) has launched Handmade for the 21st Century: Safeguarding Traditional Indian Textile, a list documenting exclusive and 50 iconic heritage textile crafts of India.
• The Karnataka Cabinet has given its approval to increase the Scheduled Castes and Tribes (SC/STs) quota in Karnataka & the decision has been taken by the government based on the report of Justice H N Nagamohan Das Commission, which has recommended hiking the quota for SCs from 15% to 17% and for STs from 3% to 7
• Jammu and Kashmir (J&K) have become the first Union Territory in the country to establish 75 Amrit Sarovars in each district as per the aspirations of Prime Minister Shri Narendra Modi.
• The Indian Olympic Association (IOA) confirmed that the Goa government has been selected as the host for the 37th edition of the National Games in October 2023.
• The Reserve Bank of India (RBI) will soon commence the pilot launch of the Digital Rupee (e₹) for specific use cases as it tests digital currency in
• Suzlon Energy announced that Vinod R. Tanti has been appointed as the Chairman and Managing Director (CMD) for the company for three years. 
• The Government of India (GoI) and the Life Insurance Corporation of India (LIC) will together divest a 60.72% stake in IDBI Bank Limited.
• On the occasion of the 90th anniversary of the Indian Air Force (IAF), the Ministry of Defence (MoD) has approved the creation of a new branch, called the Weapon Systems (WS) branch.
• The South Korean and United States navies began a two-day combined maritime maneuvering exercise with a US aircraft carrier.
• Russia Successfully launched the Soyuz-2.1b rocket with the Global Navigation Satellite System (GLONASS-K) navigation spacecraft from a northern cosmodrome.
• Popular ‘Villupattu’ exponent Subbu Arumugam, who enthralled audiences for about four decades, passed away at the age of 94 in Chennai, Tamil Nadu
• Former Uttar Pradesh Chief Minister (CM) and Samajwadi Party founder Mulayam Singh Yadav passed away at the age of 82 in Gurugram, Haryana.
• Former chairperson of Nagaland State Commission for Women, academician, renowned writer, and Padma Shri Dr. Temsula Ao passed away in Dimapur, Nagaland at the age of 80.