Daily Current Affairs October 13 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

World Sight Day: October 13

• World Sight Day is an International Day of Awareness, held annually on the second Thursday of October.
• This year, World Sight Day is observed on the 13th of October 2022.
• The World Sight Day 2022 theme is, “#LoveYourEyes”

History

• Lions Clubs International partnered with blindness presentation organizations worldwide for the first World Sight Day in 1998.
• This event was later integrated into VISION 2020, a global initiative that the International Agency for the Prevention of Blindness (IAPB) coordinates.
• This initiative is a joint program between WHO and the IAPB.
• It involves non-government organizations, and professional associations, as well as eye-care institutions and corporations.

International Day for Disaster Risk Reduction: October 13

• The International Day for Disaster Risk Reduction 2022 is observed on the 13th of October.
• The day offers an opportunity to celebrate the advancements made in reducing disaster vulnerability and the resulting loss of lives, economy, and health.
• The International Day for Disaster Risk Reduction 2022 theme is, “Early Warning”

History

• The International Day for Natural Disaster Reduction was established by a resolution passed by the UN General Assembly in 1989.
• However, the Assembly changed its resolution on December 21, 2009, deciding to observe the Day on October 13.
• Also, the day was renamed International Day for Disaster Risk Reduction.

CURRENT AFFAIRS: NATIONAL NEWS

4th NICDC Investors’ Roundtable Conference to be held in Mumbai:

• The 4th NICDC Investors’ Roundtable Conference was organized by Maharashtra Industrial Township Limited (MITL).
• The Investors Roundtable Conference has previously been hosted in Delhi, Kochi, and Ahmedabad.
• The 4th edition of the conference will showcase the development of upcoming greenfield industrial cities across India, which have been planned by National Industrial Corridor Development Corporation Limited.
• Currently, four such greenfield smart industrial cities are being developed in Maharashtra in the districts of Aurangabad, Raigad, Satara, and Nagpur.
• National Industrial Corridor Development Corporation (NICDC) is a Special Purpose Vehicle aiming to develop new industrial cities as “Smart Cities” and converge next-generation technologies across infrastructure sectors.
• The program is aimed at providing impetus to planned urbanization in India with manufacturing as the key driver.

Government to organize PM-National Apprenticeship Melas:

• Central Government to organize PM-National Apprenticeship Melas.
• It is being organized by the Ministry of Skill Development and Entrepreneurship, as part of the Skill India Mission to boost career opportunities and practical training among the youth.
• Every month, the apprenticeship mela will be hosted wherein selected individuals will receive a monthly stipend by government criteria for gaining a new skill.
• To be eligible to apply, the students must have a 5th-12th grade pass certificate, a skill training certificate, an ITI Diploma, or a graduate degree to participate.
• Candidates will also earn National Council for Vocational Education and Training (NCVET)-recognized certifications, improving their employability after the training.
• The National Apprenticeship Promotion Scheme (NAPS), launched in 2016, aims to promote apprenticeship training in the country by providing stipend support to the apprentices, undertaking capacity building of the apprenticeship ecosystem, and providing advocacy assistance to support rapid growth.

Indian space economy is set to reach $13 billion by 2025:

• The Indian space economy is set to reach $13 billion by 2025, according to a joint report prepared by EY and the Indian Space Association (ISpA).
• According to the report, the space-launch segment would grow at a CAGR of 13%, spurred by growing private participation, the latest technology adoption, and the low cost of launch services.
• The satellite services and application segment would form the largest share of the space economy accounting for 36% of the ecosystem by 2025.
• On the country’s satellite-manufacturing opportunity, EY and ISpA said that in 2020, it was $2.1 billion.
• This would reach $3.2 billion by the year 2025.

About the Indian Space Association (ISpA):

• Established in December 2020, is the premier industry association of space and satellite companies.
• Prime Minister Narendra Modi launched the ISpA on October 11, 2021.
• The industry association will act as an independent and “single-window” agency for enabling the opening up of the space sector to start-ups and the private sector, according to the government agenda.

Shri Amit Shah unveiled the statue of Lok Nayak Jayaprakash Narayan at Sitabdiara in Bihar:

• Shri Amit Shah unveiled the statue of Lok Nayak Jayaprakash Narayan at Sitabdiara in the Saran district of Bihar.
• Home Minister Amit Shah visited Sitabdiara in Bihar’s Saran district.
• He presided over a program organized on the birth anniversary of socialist leader Jayaprakash Narayan.
• He unveiled the statue of Jayaprakash Narayan on the occasion.

About Jayaprakash Narayan:

• He is popularly called JP or Lok Nayak.
• He played a major role in movements like Quit India Movement, Sarvodaya Movement, and JP Movement against Indira Gandhi government.
• He was awarded the Bharat Ratna in 1999.
• He is known for his ‘Total Revolution’ call against Indira Gandhi.

Shri Jyotiraditya M. Scindia inaugurated the 4th Heli-India Summit 2022:

• Minister of Civil Aviation, Shri Jyotiraditya M. Scindia recently inaugurated the 4th Heli-India Summit 2022.
• During the summit, the Minister announced 3 new projects for enhancing the helicopter sector in the country which include HEMS and fractional ownership.

About Helicopter Emergency Medical Services (HEMS):

• It is called Project Sanjeevani by deploying a helicopter in the next few weeks to provide emergency medical services at AIIMS Rishikesh.
• The helicopter will be based at the hospital at 20-minute notice and will have a service cover to an area of 150 km radius.

About the Fractional Ownership Model:

• It helps to grow the non-scheduled operations.
• It will lower the barrier to the cost of the acquisition of helicopters and airplanes through pooled capital by multiple owners.
• This will allow companies and individuals to minimize their capital outflow by sharing the purchase cost, reducing their exposure to risks, and making it financially easier to run an NSOP business.
• Theme: ‘Helicopters for Last Mile Connectivity.

Environment Ministry constituted a 9-member task force will monitor the Cheetah introduction project:

• Environment Ministry constituted a nine-member task force to monitor Cheetahs in Kuno National Park.
• A Nine-member task force will monitor the Cheetah introduction project at Kuno National Park in Madhya Pradesh and other suitable designated areas.
• The task force includes Principal Secretaries, Forests and Tourism of Madhya Pradesh, and the Inspector General of NTCA, New Delhi Dr. Amit Mallick.
• The task force will be in force for two years.
• It may appoint a subcommittee to regularly visit the Cheetah introduction areas.
• The task force will review the progress and monitor the health status of Cheetahs.
• It will also monitor the hunting skills and adaptation of Cheetahs to the habitat of Kuno National Park.
• Additionally, the task force will recommend the construction of tourism-related infrastructure in the surrounding areas of Kuno National Park and other Protected Areas.

PM Modi will inaugurate the Mahakal Lok in Bhopal:

• PM Modi will inaugurate the Mahakal Lok and he will also address a public meeting in Ujjain.
• On the day of the inauguration of the newly constructed Mahakal Lok in Ujjain, there will be a festival of lights like Deepawali in Madhya Pradesh.
• Earthen lamps will be lit in all major temples and religious places in all 52 districts of Madhya Pradesh.
• PM Modi will inaugurate 1st phase of the Rs 856-crore Mahakaleshwar Temple corridor development project.
• Major highlights of Mahakal Lok in Ujjain are two gateways, a colonnade of 108 ornate pillars made of carved sandstones, fountains, and a panel of over 50 murals depicting stories from Shiv Puran.
• The over 900-meter-long corridor, Mahakal Lok, is one of the largest such corridors in India.
• Two gateways are Nandi Dwar and Pinaki Dwar.
• They are near the starting point of the corridor.
• Sandstones sourced from the Bansi Paharpur area in Rajasthan have been used.

CURRENT AFFAIRS: STATE NEWS

Jharkhand records India’s highest percentage of child marriage

• According to the latest demographic sample survey by the union home ministry, Jharkhand has the highest percentage of underage girls getting married.
• The survey was conducted in 2020 by the office of the Registrar General and Census Commissioner and its report was published in September 2022.

Key Highlights :

• As per the survey, the percentage of girls getting married before turning 18 is 5.8% in Jharkhand.
• The percentage of females who got married before reaching 18 years is 1.9 at the national level.
• At the state level, it varies from 0.0 in Kerala to 5.8 in Jharkhand.
• In Jharkhand, child marriages accounted for 7.% of marriages in rural areas and 3% in urban areas
• Jharkhand and West Bengal are the only two states in the country where more than half of the women are married before attaining the age of 21 years.
• 54.9% of girls are married in West Bengal before attaining the age of 21 years.
• 54.6% of girls are married in Jharkhand before attaining the age of 21 years.
• The Sample Registration System (SRS) Statistical Report contains estimates of various demographic, fertility, and mortality indicators based on the data collected through one of the largest demographic surveys in the world covering about 4 million sample population.

Chhattisgarh CM Shri Bhupesh Baghel inaugurates Chhattisgarh Olympics

• Chief minister Shri Bhupesh Baghel inaugurated the Chhattisgarh Olympics at Balbir Singh Juneja Indoor Stadium in Raipur to promote sports in Chhattisgarh.

Aim :

• To make the younger generation aware of our culture and tradition

About Chhattisgarh Olympics :

• The ‘Chhattisgarhiya Olympics’ will be organized at six levels and it will continue till January 6, 2023. ∙
• A total of 14 types of traditional sports have been included in the Chhattisgarh Olympics 2022-23. ∙
• Traditional sports like Gilli-danda, pitthul, sankhali, langdi-race, kabaddi, kho-kho, and kancha have also been included. ∙
• The games will be played at the development block/urban cluster level, district level, divisional level, and state level.
• The main purpose of the event is to generate the feeling of regionalism, especially among young voters.
• It is the first-of-its-kind tournament where the focus is on local games.

About Chhattisgarh :

• Governor: Anusuiya Uikey
• Chief Minister: Bhupesh Baghel
• Capital: Raipur
• Festivals: Bastar Dussehra, Bhoramdeo Mahotsav Festival
• Dance: Raut Nacha
• Wildlife Sanctuaries: Achanakmar Wildlife Sanctuary, Narsinghgarh WLS, Semarsot WLS
• National Park : Guru Ghasi Das (Sanjay) National Park, Kanger Valley National Park

Tamil Nadu CM Shri Stalin inaugurates ‘first of its kind liquefied compressed natural gas station in Ranipet

• Chief Minister of Tamil Nadu Shri M.K. Stalin inaugurated AG&P Pratham’s liquefied compressed natural gas (LCNG) station near Manthangal village at Walajah Taluk in Ranipet district, Tamil Nadu.
• He opened the station via videoconference, in the presence of Industries Minister Mr. Thangam Thennarasu, Chief Secretary Mr. V. Irai Anbu, and company officials.
• The company will develop a 300-km pipeline network in the Vellore-Ranipet area by the end of FY23.
• The new station will benefit over 30,000 households and 325 industrial and commercial establishments.
• The unit can handle 100 tonnes of gas per day and will serve customers in Vellore, Ranipet, and
• Currently, the company supplies around 20 tonnes of gas in these districts.

About Tamil Nadu :

• Governor: R. N. Ravi
• Chief Minister: M. K. Stalin
• Capital: Chennai
• Dance : Bharatnatyam, Karagattam, Kumi, Kolattam, Kavadi
• National Park: Mudumalai National Park, Mukurthi National Park, Guindy National Park, Gulf of Mannar Marine National Park
• Wildlife Sanctuaries: Kalakad Wildlife sanctuary, Karikili Bird Sanctuary, Vedanthangal Bird Sanctuary
• Tiger Reserve: Anamalai Tiger Reserve
• Biosphere Reserve: Agasthyamalai Biosphere Reserve

Indore to become India’s first ‘Smart City’ with ‘Smart Addresses’

• Indore, Madhya Pradesh (MP) will become India’s first ‘Smart City’ with ‘Smart Addresses’ after implementing a fully digital addressing system.
• The smart city advanced significantly when a memorandum of understanding (MoU) was signed with the firm Pataa Navigations.
• The MoU is signed by Pataa Navigations Co-Founder Rajat Jain and Indore Smart City CEO Rishav Gupta (IAS).
• The MoU stipulates that the Pataa app will be used by all government agencies and emergency services, such as police, fire, and ambulance.

Key Highlights :

• Pataa is a brief and distinctive code that will help the user to find the specific geolocated location.
• Pataa Navigations and Indian Space Research Organisation (ISRO) collaborated to build a powerful digital addressing system to reduce losses and simplify the Indian addressing system.
• To provide access to digital addressing systems, Pataa Navigation will integrate with government platforms such as those of the departments of electricity, agriculture, excise, protection of women and children, and education.

About Pataa App :

• The Pataa app is a free service, that will help delivery providers find a specific geolocated location.
• Through this app, users can upload images of their homes, landmarks, etc., along with their full-text addresses.
• For necessary services such as Electronic Know Your Customer (E-KYC) and banking geolocation, the Pataa application will be used.
• Additionally, the user can record voice instructions, which eliminates the need to repeat the address over the phone and makes it easier for the guest to find the location.
• In the future, the user will be able to share a shortcode rather than sharing their long and full address with everyone.

Delhi govt launches app to keep track of all ongoing & upcoming projects

• The Delhi government has launched an app called ‘Delhi monitoring to keep track of all ongoing and upcoming projects across departments.
• Chief Secretary of the Delhi UT government Naresh Kumar will be in charge of monitoring the projects.

About ‘Delhi monitoring :

• The Public Works Department (PWD), which undertakes major road, flyover, and infrastructure projects, has updated the data about the projects on the PWD portal to all the chief engineers of the road, maintenance, projects, and flyover divisions.
• The app has been launched for monitoring projects/inspections/tasks used by ministers and senior officers of all departments of the Delhi government.
• Further, the PWD has also directed officials to appoint a nodal officer at the zonal office level to monitor it and all issues related to the PWD web portal.
• The PWD department manages around 1,400 km of major roads and busiest flyovers including Ring Road and Outer Ring Road in Delhi.

About Delhi :

• Governor: Vinai Kumar Saxena
• Chief Minister : Arvind Kejriwal
• Capital: New Delhi
• Wildlife Sanctuaries: Asola Bhatti Wildlife Sanctuary, National Chambal Sanctuary

CURRENT AFFAIRS: BANKING & FINANCE

RBI cancels the license of Pune-based Seva Vikas Co-operative Bank

• The Reserve Bank of India (RBI) has canceled the license of Pune-based The Seva Vikas Co-operative Bank Ltd because of the company’s earnings prospects and lack of capital.
• The bank does not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the Banking Regulation Act, 1949.
• According to the data submitted by the bank, about 99% of the depositors are entitled to receive the full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC).
• This payment is made in compliance with the provisions of the DICGC Act, 1961 based on the willingness received from the concerned depositors of the Bank.
• Earlier in August 2022, the banking regulator canceled the license of Pune-based Rupee Cooperative Bank.

About RBI :

• Established: 1 April 1935
• Headquarters: Mumbai, Maharashtra, India
• Governor : Shaktikanta Das
• Deputy governors: Mahesh Kumar Jain, Rajeshwar Rao, Michael Patra, and T. Rabi Shankar

IDBI Bank partners with Vayana Network on supply chain finance

• IDBI Bank has signed a Memorandum of Understanding (MoU) with Vayana Network as its first fintech partner for end-to-end digitization services.

Aim :

• To contribute to the growth of the Supply Chain Finance (SCF) penetration in India, which is less than 1 % of the gross home product (GDP) and contributes only 5% of the outstanding banking assets.
• This platform is expected to reduce paperwork, and transaction processing time while providing a smooth customer experience throughout.

About IDBI Bank :

• Founded: 1 July 1964
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Rakesh Sharma
• Tagline: Banking For All Aao Sochein Bada Bank Aisa Dost Jaisa

Nomura moderates India’s FY24 GDP growth to 5.2%

• Japanese brokerage Nomura has projected a sharp moderation in India’s growth rate for FY24 to 5.2% as compared to the FY23 GDP growth estimate at 7%.
• The economy grew at 4% in FY20 a multi-year low.
• It expects inflation to average 8% in FY23, a tad above the RBI’s 6.7% estimate, and cool down to 5.3% in FY24.

About Nomura :

• Founded: December 25, 1925
• Headquarters: Tokyo, Japan
• President and Group CEO : Kentaro Okuda

RBI imposes monetary penalty on Kerala State Cooperative Bank

• The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 48 lakh on the Kerala State Co-operative Bank Ltd for non-compliance with the provisions of section 19 read with section 56 of the Banking Regulation Act, 1949 (the Act) and directions issued by RBI on ‘Gold Loan – Bullet Repayment’.
• The penalty has been imposed in the exercise of powers conferred on RBI under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of the Act.
• The bank failed to comply with the RBI directions limiting the quantum of gold loans that could be granted under the bullet repayment option.

NPCI launches program to connect with payments-oriented service providers

• National Payments Corporation of India (NPCI) has launched NPCI Partner Program (NPP) to collaborate with various technological service providers, application service providers, and other similar entities in the industry.

Aim :

• To connect with innovative and important payments-oriented service providers.
• To augment the retail payments ecosystem by reducing the time to market and being more transparent and
• This one-of-a-kind initiative will help in building new offerings that are better aligned with the needs and demands of the contemporary market.

About the NPCI Partner Program :

• The program will also act as a knowledge-sharing platform with exclusive workshops on NPCI products and services, participation in NPCI pilot projects, and building a marketplace through community engagement.
• The participants will get early access to ready-to-test Application Programming interfaces (APIs) and specifications for core development and deployment.

About NPCI :

• Founded: 2008
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO : Dilip Asbe
• The NPCI is the specialized division of the Reserve Bank of India (RBI) which is under the jurisdiction of the Ministry of Finance, Government of India.

CURRENT AFFAIRS: AWARDS AND HONOUR

Three people won the 2022 Nobel Prize in Economics for research on banks and financial crises:

• Royal Swedish Academy of Sciences awarded the 2022 Nobel Prize in Economics to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig.
• Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig won the 2022 Nobel Prize in Economics for research on banks and financial crises.
• According to the Nobel committee, the three laureates have significantly improved our understanding of the role of banks in the economy, particularly during financial crises, and an important finding in their research is why avoiding bank collapses is vital.
• Both Diamond and Dybvig worked together to develop theoretical models explaining why banks exist, how their role in society makes them vulnerable to rumors about their impending collapse, and how society can lessen this vulnerability.
• Former Federal Reserve chairman Ben Bernanke analyzed the Great Depression of the 1930s, the worst economic crisis in modern history.
• Among other things, he showed how bank runs were a decisive factor in the crisis becoming so deep and prolonged.

CURRENT AFFAIRS: RANKING AND INDEX

India ranks 4^th among 12 Indo-Pacific nations in self-reliant arms production capabilities:

• India ranks fourth among 12 Indo-Pacific nations in self-reliant arms production capabilities, according to a study released by the Stockholm International Peace Research Institute (SIPRI).
• The 12 countries in the study were selected because they have the highest military spending in the region — Australia, China, India, Indonesia, Japan, South Korea, Malaysia, Pakistan, Singapore, Taiwan, Thailand, and Vietnam.
• China was the world’s fifth-largest arms importer in 2016-20.
• Its self-reliance policies and its high economic growth in that period meant that the Chinese arms industry now increasingly fulfills the requirements of the People’s Liberation Army (PLA).
• Its high volume of imports in absolute terms accounts for only 8 percent of total procurement for the period, the lowest share for any of the 12 governments.
• India is ranked as the second-largest importer of arms for its armed forces in 2016-20.
• India is highly dependent on imports of complete foreign major arms, including many produced under license or as components for its domestic production.
• Hindustan Aeronautics Ltd, Indian Ordnance Factories, Bharat Electronics, Mazagaon Docks, and Cochin Shipyard are among the major Indian arms servicing companies.
• Ashok Leyland, one of the largest suppliers of trucks to the Indian Army, is the only company ranked in the top 50 in the Indo-Pacific.
• India has seven Uncrewed Maritime Vessel projects
• In the private sector, Larsen & Toubro has been developing AUV prototypes on its own and in collaboration with foreign partners, such as Italy’s EdgeLab.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Dr. Akhilesh Gupta was appointed as Secretary of the Science and Engineering Research Board (SERB)

• Senior Adviser at the Department of Science and Technology (DST), Dr. Akhilesh Gupta, has been appointed Secretary of the Science and Engineering Research Board (SERB).
• Dr. Gupta replaced Dr. Sandeep Verma.

About Dr. Akhilesh Gupta :

• Gupta is a fellow of the Indian National Academy of Engineering (FNAE), Indian Meteorological Society (FIMS), and Association of Agro-meteorologists (FAAM).
• He has to his credit over 200 research articles in National & International journals as well as proceedings.
• He joined the India Meteorological Department in 1985 & later the National Center for Medium-Range Weather Forecasting in 1994, both currently under the Ministry of Earth Sciences.
• He has been one of the authors of India’s National Action Plan on Climate Change (NAPCC) and head of the Secretariat which drafted India’s new Science, Technology, and Innovation Policy.
• Currently, he heads the Policy Coordination and Programme Management Division (PCPM) division and is overall in charge of 5 National Missions at DST

1. National Mission on Interdisciplinary Cyber-Physical System
2. National Mission on Quantum Technology and Applications
3. National Supercomputing Mission
4. National Mission on Strategic Knowledge for Climate Change
5. National Mission for Sustaining the Himalayan Ecosystem.

About SERB :

• Headquarters: New Delhi, Delhi, India
• SERB is a statutory body under the Department of Science and Technology, the Government of India.
• It was established by an Act of the Parliament of India in 2009 (SERB ACT,2008).

Mr. Ananth Narayan Gopalakrishnan takes charge as SEBI whole-time member

• Associate Professor, SP Jain Institute of Management & Research, Mr. Ananth Narayan Gopalkrishnan took charge as the 4th whole-time member (WTM) in the Securities and Exchange Board of India (SEBI) in Mumbai, Maharashtra.
• Narayan will handle the Market Intermediaries Regulation and Supervision Department (MIRSD), Alternative  Investment Fund and Foreign Portfolio Investors Department (AFD), Integrated  Surveillance Department (ISD), Department of Economic & Policy Analysis (DEPA)  and Information Technology Department (ITD).

About Mr. Ananth Narayan Gopalkrishnan :

• Narayan has more than two-and-a-half decades of experience in banking and financial markets.
• He has also been a member of various advisory committees constituted by SEBI and RBI.

About SEBI :

• Established: on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
• Headquarters: Mumbai, Maharashtra
• Chairman : Madhabi Puri Buch
• SEBI is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance, GoI.

GoI appoints new Chief Justices for Rajasthan, Karnataka, J-K, and Ladakh HCs 

• The Central Government announced the names of new Chief Justices for the High Courts in Rajasthan, Karnataka, Jammu, Kashmir, and Ladakh.
• Following the Constitutional provisions :
• Justice Pankaj Mithal has been appointed Chief Justice in the Rajasthan High Court.
• Justice Prasanna B Varale has been appointed the Karnataka HC’s Chief Justice.
• Justice Ali Mohammad Magrey is the Chief Justice of Jammu and Kashmir and Ladakh.
• On September 28, 2022, the Supreme court collegium, headed by Chief Justice of India Uday Umesh Lalit in its meeting recommended the elevation & appointment of Chief Justices.

CURRENT AFFAIRS: ACQUISITIONS & MERGERS

CCI approves IndInfravit’s acquisition of 5 SPVs operating expressway projects in 4 States

• The Competition Commission of India (CCI) has approved the acquisition of 100% of the equity and compulsorily convertible debentures of 5 special purpose vehicles (SPVs) by IndInfravit & allotment of units of IndInfravit to CPHI-4 for part-funding the acquisition of SPVs.
• The 5 SPVs are engaged in the operation and maintenance of highways in the states of Andhra Pradesh, Uttar Pradesh, Bihar, and

About IndInfravit :

• IndInfravit was set up on 7 March 2018, as an irrevocable trust under the provisions of the Indian Trusts Act, of 1882.
• It is registered as an infrastructure investment trust under the SEBI (Infrastructure Investment Trusts) Regulations, 2014 (as amended) (InvIT Regulations) to invest in road infrastructure assets in India.
• Currently, it has a portfolio of 13 road assets across 6 states and a network of approximately 5,000 lane km.
• CPHI-4 is a Canadian corporation and an investment holding company that invests in a diversified portfolio of assets.

About CCI :

• Established: 14 October 2003
• Headquarters: New Delhi, Delhi, India
• Chairman: Ashok Kumar Gupta
• Secretary : P K Singh
• The CCI is the chief national competition regulator in
• It is a statutory body within the Ministry of Corporate Affairs.

CCI clears ADIA’s minority stake buy in Intas Pharmaceuticals

• Anti-trust regulator Competition Commission of India (CCI) cleared Platinum Owl’s acquisition of a minority stake in Intas Pharmaceuticals.
• The proposed transaction involves a secondary acquisition by Platinum Owl of 3% of the equity shareholding of Intas (on an outstanding shares basis).
• Platinum Owl is acting in its capacity as a trustee for Platinum Jasmine A 2018 Trust and Abu Dhabi Investment Authority (ADIA) is the sole beneficiary and settlor of the Platinum Jasmine A 2018 Trust.
• ADIA is a public institution established as an independent investment institution by the Government of the Emirate of Abu Dhabi.
• Intas is engaged in the business of development, manufacture, and marketing of pharmaceutical formulations.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

ISRO to launch 36 OneWeb satellites onboard LVM3

• NewSpace India Limited (NSIL), a Central Public Sector Enterprise (CPSE) under the Department of Space and the commercial arm of the Indian Space Research Organisation (ISRO), has signed two launch service contracts with Network Access Associated Limited (M/s OneWeb), United Kingdom, for launching OneWeb LEO Broadband Communication Satellites on-board ISRO’s heaviest launcher LVM3.
• The satellites will be launched by the ISRO as part of the ‘OneWeb India-1 mission/ LVM3 M2,’ which will mark LVM3’s entry into the worldwide commercial launch service market
• This contract with M/s OneWeb is a historic milestone for NSIL and ISRO, as LVM3 is making its entry into the Global commercial launch service market.
• As part of the Contract, 36 satellites will be placed into orbit by one LVM3, from Satish Dhawan Space Center in Sriharikota in Andhra Pradesh (AP).

About OneWeb :

• OneWeb is a global communications network, powered from space, enabling connectivity for governments, businesses, and communities.
• It is implementing a constellation of Low Earth Orbit satellites.
• India’s Bharti serves as a major investor and shareholder in OneWeb.
• With this launch, OneWeb will have over 70% of its planned ‘Gen 1 LEO constellation’ in orbit as it progresses to deliver high-speed, low-latency connectivity services around the world.

Note :

• CEO of OneWeb: Neil Masterson

CURRENT AFFAIRS: SPORTS NEWS

Harmanpreet Kaur became the first Indian woman to be selected for the ICC Player of the Month:

• India Captain Harmanpreet Kaur & Pakistan player Mohammad Rizwan have been selected for ICC Player of the Month awards for September.
• Harmanpreet Kaur won the ICC Player of the Month award in the women’s category.
• Mohammad Rizwan received the ICC Player of the Month award in the men’s category.
• Harmanpreet Kaur won the award for her performance in the ODI series in England.
• Recently, India’s women’s team won its first series in England since 1999.
• Rizwan defeated Indian left-arm spinner Axar Patel and Australian allrounder Cameroon Green to win this award in Men’s category.
• ICC Player of the Month awards recognizes the best performances of both male and female cricketers across all forms of international cricket.
• The ICC Player of the Month award was introduced by ICC in January 2021.

Novak Djokovic won his 90^th ATP title at the Astana Open in Kazakhstan:

• Novak Djokovic won his 90th ATP title by defeating Stefanos Tsitsipas in the final of the Astana Open in Kazakhstan.
• 21-time Grand Slam winner Djokovic defeated Tsitsipas of Greece 6-3, 6-4.
• This is the fourth title of Wimbledon champion Djokovic this year, including in Rome and Tel Aviv.
• With this win at Astana, Djokovic joined Rafael Nadal and Roger Federer on the list of players to have won 90 or more ATP titles in the Open Era.
• Nikola Mektic and Mate Pavic registered victories in the Astana Open men’s doubles match.
• They defeated the French pair of Adrian Mannarino and Fabrice Martin 6-4, 6-2.
• The Astana Open is a professional tennis tournament that is organized in Astana, Kazakhstan, in late October every year since 2020.

FIFA in partnership with AIFF launched the Football for Schools project in the country:

• FIFA in partnership with the All India Football Federation (AIFF) and with the support of the Union government launched the Football for Schools project in the country, which is aimed at broad-basing the game across India.
• Football for Schools is an ambitious program run by FIFA, in collaboration with UNESCO, which aims to contribute to the education, development, and empowerment of around 700 million children.
• According to Union Government, the “Football for Schools” movement espouses the spirit of the National Education Policy (NEP) 2020 and promotes sports-integrated learning.
• Football for Schools is in line with Prime Minister Narendra Modi’s vision of developing India as a sporting superpower as well as ensuring a Fit India.
• Navodaya Vidyalaya Samiti will be the nodal agency on behalf of the ministry of education to take this initiative forward.

Daily CA on October 13:

• World Sight Day is an International Day of Awareness, held annually on the second Thursday of October.
• The International Day for Disaster Risk Reduction 2022 is observed on the 13th of October.
• The 4th NICDC Investors’ Roundtable Conference was organized by Maharashtra Industrial Township Limited (MITL).
• Central Government to organize PM-National Apprenticeship Melas.
• The Indian space economy is set to reach $13 billion by 2025, according to a joint report prepared by EY and the Indian Space Association (ISpA).
• Shri Amit Shah unveiled the statue of Lok Nayak Jayaprakash Narayan at Sitabdiara in the Saran district of Bihar.
• Minister of Civil Aviation, Shri Jyotiraditya M. Scindia recently inaugurated the 4th Heli-India Summit 2022.
• Environment Ministry constituted a nine-member task force to monitor Cheetahs in Kuno National Park.
• PM Modi will inaugurate the Mahakal Lok and he will also address a public meeting in Ujjain.
• Royal Swedish Academy of Sciences awarded the 2022 Nobel Prize in Economics to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig.
• India ranks fourth among 12 Indo-Pacific nations in self-reliant arms production capabilities, according to a study released by the Stockholm International Peace Research Institute (SIPRI).
• India Captain Harmanpreet Kaur & Pakistan player Mohammad Rizwan have been selected for ICC Player of the Month awards for September.
• Novak Djokovic won his 90th ATP title by defeating Stefanos Tsitsipas in the final of the Astana Open in Kazakhstan.
• FIFA in partnership with the All India Football Federation (AIFF) and with the support of the Union government launched the Football for Schools project in the country, which is aimed at broad-basing the game across India.
• According to the latest demographic sample survey by the union home ministry, Jharkhand has the highest percentage of underage girls getting married.
• Chief minister Shri Bhupesh Baghel inaugurated the Chhattisgarh Olympics at Balbir Singh Juneja Indoor Stadium in Raipur to promote sports in Chhattisgarh.
• Chief Minister of Tamil Nadu Shri M.K. Stalin inaugurated AG&P Pratham’s liquefied compressed natural gas (LCNG) station near Manthangal village at Walajah Taluk in Ranipet district, Tamil Nadu.
• Indore, Madhya Pradesh (MP) will become India’s first ‘Smart City’ with ‘Smart Addresses’ after implementing a fully digital addressing system.
• The Delhi government has launched an app called ‘Delhi e-monitoring’ to keep track of all ongoing and upcoming projects across departments.
• The Reserve Bank of India (RBI) has canceled the license of Pune-based The Seva Vikas Co-operative Bank Ltd because of the company’s earnings prospects and lack of capital.
• IDBI Bank has signed a Memorandum of Understanding (MoU) with Vayana Network as its first fintech partner for end-to-end digitization services.
• Japanese brokerage Nomura has projected a sharp moderation in India’s growth rate for FY24 to 2% as compared to the FY23 GDP growth estimate at 7%.
• The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 48 lakh on the Kerala State Co-operative Bank Ltd for non-compliance with the provisions of section 19 read with section 56 of the Banking Regulation Act, 1949 (the Act) and directions issued by RBI on ‘Gold Loan – Bullet Repayment’.
• National Payments Corporation of India (NPCI) has launched NPCI Partner Program (NPP) to collaborate with various technological service providers, application service providers, and other similar entities in the industry.
• Senior Adviser at the Department of Science and Technology (DST), Dr. Akhilesh Gupta, has been appointed Secretary of the Science and Engineering Research Board (SERB).
• Associate Professor, SP Jain Institute of Management & Research, Mr. Ananth Narayan Gopalkrishnan took charge as the 4th whole-time member (WTM) in the Securities and Exchange Board of India (SEBI) in Mumbai, Maharashtra.
• The Central Government announced the names of new Chief Justices for the High Courts in Rajasthan, Karnataka, Jammu, and Kashmir, and Ladakh, Following the Constitutional provisions: Justice Pankaj Mithal has been appointed Chief Justice in the Rajasthan High Court, Justice Prasanna B Varale has been appointed the Karnataka HC’s Chief Justice, Justice Ali Mohammad Magrey as the Chief Justice of Jammu and Kashmir and Ladakh.
• The Competition Commission of India (CCI) has approved the acquisition of 100% of the equity and compulsorily convertible debentures of 5 special purpose vehicles (SPVs) by IndInfravit & allotment of units of IndInfravit to CPHI-4 for part-funding the acquisition of SPVs.
• Anti-trust regulator Competition Commission of India (CCI) cleared Platinum Owl’s acquisition of a minority stake in Intas Pharmaceuticals.
• NewSpace India Limited (NSIL), a Central Public Sector Enterprise (CPSE) under the Department of Space and the commercial arm of the Indian Space Research Organisation (ISRO), has signed two launch service contracts with Network Access Associated Limited (M/s OneWeb), United Kingdom, for launching OneWeb LEO Broadband Communication Satellites on-board ISRO’s heaviest launcher LVM3.