Excellence by Saikat Sir: Daily Current Affairs October 29 2022

Daily Current Affairs October 29 2022

CURRENT AFFAIRS: IMPORTANT DAYS

World Stroke Day: 29th October

World Stroke Day 2022 is observed on the 29th of October 2022.
World Stroke Day 2022 theme set by the WSO is “Learn the signs, Say it’s a stroke and save Precious time.”
World stroke day was established on 29th October 2004 at World Stroke Congress in Vancouver, Canada.
Later in 2006, the day was proclaimed for public awareness.
In 2006, World Stroke Organization was created with the merger of the World Stroke Federation and the International Stroke Society.
Since then, World Stroke Organization (WSO) has been taking care of the management and advocacy of World stroke day (WSD) on different platforms.
In 2010, World Stroke Organization (WSO) declared stroke a public health emergency to curb the trending mortality and disability due to the lack of awareness and proper accessibility of diagnosis and treatment to everyone.

CURRENT AFFAIRS: NATIONAL NEWS

Vinai Kumar Saxena announced a property tax amnesty Scheme: SAMRIDDHI

Vinai Kumar Saxena, the lieutenant governor of Delhi, has introduced the “SAMRIDDHI 2022–23” one-time property tax amnesty program, which will significantly relieve thousands of city residents and business property owners.
Strengthening and Augmenting of Municipal Revenue for Infrastructure Development in Delhi, or SAMRIDDHI, will begin on October 26 and conclude on March 31, 2023, with no further extensions.
The plan intends to resolve thousands of unresolved court cases that have accumulated since the unit area method for calculating property taxes was implemented in 2004.
The Municipal Corporation of Delhi (MCD) and the city’s inhabitants will profit from the program.
Residential properties will be subject to taxation for 1+5 years (the current fiscal year and the previous five), whereas commercial properties will be subject to taxation for 1+6 years (the current fiscal year plus the prior six).

“Akash for Life” Space Conference will be held in Dehradun:

The three-day “Akash for Life” space conference will demonstrate how all schools of thought have been thoroughly integrated to combine traditional and modern knowledge.
The decision was made by Jitendra Singh, the Union Minister of State (Independent Charge) for Atomic Energy and Space, the Minister of State (Independent Charge) for Personnel, Public Grievances, Pensions, and Earth Sciences, as well as the MoS PMO for Personnel, Public Grievances, Pensions, and Space.
The event will take place in Dehradun from November 5 to November 7, 2022.
Prime Minister Narendra Modi has urged the integration of research and technology advancement into society in a way that puts science in a position to meet the demands of the average person.
The Dehradun Conclave will have 35 illustrious speakers who will discuss various facets of Akash Tattva, according to Dr. Jitendra Singh.
The conclave intends to introduce India’s youth to the knowledge of classical disciplines as well as cutting-edge technological developments.

Amit Shah: By 2024, NIA would have offices in every state

The NIA will open offices in every state: The Union Minister of Housing and Cooperation, Amit Shah, spoke at the beginning of a two-day “Chintan Shivir” in Surajkund, Haryana.
Chief Ministers of States, Home Ministers of States, Lieutenant Governors, and Administrators of Union Territories are among those attending the Chintan Shivir.
To tackle the difficulties confronting the country, it is vital to fully utilize all internal security resources.
Shri Amit Shah noted that this Chintan Shivir, inspired by Prime Minister Narendra Modi, is being hosted to provide the nation with a single platform to collectively combat dangers such as cybercrime, drug proliferation, and cross-border terrorism.
Because crimes are developing and becoming more transnational in scope, all states will need to have a coordinated strategy to combat them.
According to the Union Home Minister, places devastated by left-wing extremism, such as Jammu and Kashmir and the North East, which were previously centers of violence and unrest, are now hotspots of growth.

CURRENT AFFAIRS: INTERNATIONAL NEWS

Climate plans to limit global temperature remain insufficient: UN report

A new report by the United Nations Framework Convention on Climate Change (UNFCCC) has warned that the climate plans from governments worldwide remain insufficient to limit rising temperatures to 1.5 degrees Celsius as set out in the 2015 Paris Agreement.
According to the report, the combined climate pledges of 193 parties under the Paris Agreement could put the world on track for around 2.5 degrees Celsius of warming by the end of the century.

Key Highlights :

The report shows current commitments will increase emissions by 10.6% by 2030, compared to 2010 levels.
This is an improvement over the 2021 assessment, which found countries were on a path to increase emissions by 13.7% by 2030, compared to 2010 levels.
The 2021 report analysis showed that projected emissions would continue to increase beyond 2030
The UN’s Intergovernmental Panel on Climate Change’s 2018 report indicated that CO2 emissions needed to be cut by 45% by 2030, compared to 2010 levels.
To meet the Paris deal’s goal, compared with 2010 levels, it needs to fall by 43% by 2030.
UN Climate Change analyzed the climate action plans known as nationally determined contributions (NDCs) of 193 parties to the Paris Agreement, including 24 updated or new NDCs submitted after the UN Climate Change Conference in Glasgow (COP26) up until September 23, 2022
The 24 countries include Bolivia, Vanuatu, and Uganda, as well as the large emitter nations of India and
Together, the plans cover 94.9% of total global greenhouse gas emissions in 2019.

Note :

The UN Climate Change Conference COP 27 will take place in Sharm el-Sheikh, Egypt, from 6 to 18 November 2023.

About UNFCCC :

The UNFCCC entered into force on 21 March 1994.
It was signed by 154 states at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro from 3 to 14 June 1992.

CURRENT AFFAIRS: STATE NEWS

Odisha CM Shri Naveen Patnaik launches SAFAL common credit portal for farmers

Odisha Chief Minister Shri Naveen Patnaik launched a common credit portal SAFAL’ (Simplified Application for Agricultural Loans) for the welfare of farmers.

About SAFAL :

The application is a one-stop solution for farmers and agri-entrepreneurs to avail formal sector credit from public and private sector banks, Regional Rural Banks, State Cooperative Banks, and Small Finance Banks.
The facility will enable farmers and agri-entrepreneurs to access more than 300 term loan products from over 40 banks.
It has also been integrated with Krushak Odisha and will have access to 70-plus model project reports.
The portal will ease the loan application process benefiting both the farmers and banks.
It will also reduce information asymmetry by sending farmers real-time notifications at every stage of their loan application.
SAFAL will provide the government with complete visibility of demand and disbursal of formal credit across states and ensure schemes are designed in a data-backed manner.

About Odisha :

Governor: Ganeshi Lal
Chief minister: Naveen Patnaik
Capital: Bhubaneswar
National Park: Simlipal National Park, Bhitarkanika National Park
Wildlife Sanctuaries: Tikarpada Wildlife Sanctuary, Satkosia Gorge Sanctuary, Nandhakanan Sanctuary, Kotagarh Wildlife Sanctuary
Airport: Biju Patnaik International Airpor

Assam & USAID launch green initiative to increase tree coverage in Assam

The Assam government department of Environment and Forests and the US Agency for International Development (USAID) launched the “Trees Outside Forests in India (TOFI)” program in Assam

Aim :

To bring together farmers, companies, and private institutions to rapidly expand tree coverage outside of traditional forests in Assam.

About TOFI :

The TOFI program was first launched in September 2022 by the Ministry of Environment, Forest, and Climate Change secretary Leena Nandan and US Chargé d’Affaires Patricia Lacina.
The program will allocate up to 25 million USD in 7 states – Assam, Andhra Pradesh, Haryana, Odisha, Rajasthan, Tamil Nadu, and Uttar Pradesh, to rapidly expand tree coverage outside of traditional forests by 2.8 million hectares.
It contributes to India’s Nationally Determined Contribution target of creating an additional “carbon sink” of 2.5 to 3 billion tons of carbon dioxide equivalent by 2030.
The program builds on the enduring US-India partnership to tackle the climate crisis and bolster resilience in the face of climate threats and extreme weather events.
It is expected to enhance carbon sequestration, support local communities, and strengthen the climate resilience of agriculture, thereby supporting global climate change mitigation and adaptation goals.
Assam has placed a high priority on expanding tree cover outside forest areas, as demonstrated in its State Action Plan on Climate Change and the recent establishment of the Assam Agroforestry Development Board.

About Assam :

Governor : Jagdish Mukhi
Chief Minister : Himanta Biswa Sarma
Capital: Dispur
Dance : Bihu Dance, Jhumar, Bagurumba, Sattriya Dance
National Park: Kaziranga National Park, Manas NP, Nameri NP, Raimona National Park
Wildlife Sanctuaries: Amsang Wildlife Sanctuary, Chakrashila Wildlife Sanctuary, Garampani Wildlife Sanctuary

About USAID :

Established: November 3, 1961
Headquarters: Washington, D.C, United States
Administrator: Samantha Power
Motto: From the American people
USAID is an independent agency of the S. federal government that is primarily responsible for administering civilian foreign aid and development assistance.

CURRENT AFFAIRS: BANKING & FINANCE

Indian bank launches digital initiatives under project WAVE

Public sector lender Indian Bank has rolled out 6 new digital initiatives under ‘Project WAVE’ (World of Advance Virtual Experience) for enhancing customer experience through integrated services on its digital platform.
The new products were rolled out by the bank MD & CEO S.L. Jain in the presence of ED Imran Amin Siddiqui and Universal Sompo General Insurance Co. Ltd., MD & CEO Sharad Mathur in Chennai.

About the Initiatives :

Indian Bank ties up with Universal Sompo General Insurance for providing online vehicles (02-Wheeler and 04-Wheeler) and health insurance through the Bank’s mobile banking app IndOASIS.
This digital collaboration would enable Bank’s customers to access and buy general insurance products digitally, anytime, anywhere.
Under the co-lending arrangement, Indian Bank has partnered with Rupeek Capital Pvt. Ltd, to offer jewel loans at customer doorsteps.
The entire gold loan journey will be through a digital platform and not require any physical visit to the bank branch by the customer.
The public sector lender has extended pre-approved personal loans to self-employed customers of the bank as well.
Since April 2022 it has been offered to salaried customers and
Currently, Indian Bank has extended the e-OD (Overdraft) facility against Term Deposits opened at branches by individual customers which were previously offered for e- deposits only.

About Indian bank :

Founded: 15 August 1907
Headquarters: Chennai, Tamil Nadu, India
MD & CEO: Shri Shanti Lal Jain
Tagline: Your Own Bank

India Post Payment Bank launches group accident insurance plan

The India Post Payments Bank (IPPB) operating under the Department of Posts has launched a group accident insurance plan with an accidental death coverage of Rs 10 lakh.
The India Post in partnership with TATA AIG and Bajaj Allianz General Insurance companies will offer the insurance plan at a premium of Rs 399 or Rs 396 per annum.

About group accident insurance plan :

The plan covering comprehensive medical emergencies has a low annual premium amount.
One can join it at any post office or with the help of a postman or postwoman.
Anyone aged between 18 and 65 years can join this insurance plan.
The policy will be issued digitally in five minutes using a smartphone or a fingerprint sensor carried by the postman under the e-KYC (Aadhaar-based) method.
This doesn’t need any application forms, copies of identity, and address proof.
The insurance plan will offer around 10 major benefits for the applicant including permanent total or permanent partial disability coverage of Rs 10 lakh, an option to cover accidental medical expenses up to Rs 60,000, and transportation benefits for the family members traveling to see the accident victim.

About IPPB :

Founded: 1 September 2018
Headquarters: New Delhi, Delhi, India
MD & CEO : J. Venkatramu
IPPB, is a division of India Post which is under the ownership of the Department of Post, a department under the Ministry of Communications of the Government of India.

IRDAI approved the bima sugam portal

The Insurance Regulatory and Development Authority of India (IRDAI), announced the launch of Bima Sugam, an online marketplace that will house all companies selling life and non-life insurance on a single platform.
The portal is scheduled to go live on 1 January 2023.

About Bima Sugam :

The online platform will provide you with a one-stop destination for all insurance needs, providing services like buying insurance policies, portability facilities, change of insurance agents, and settling claims.
It allows buyers to purchase life, motor, or health insurance policies directly.
Also, web aggregators (such as PolicyX, PolicyBazaar, etc.), brokers (such as Bajaj Capital, Probus Insurance Broker, etc.), banks, and insurance agents will act as facilitators in selling insurance policies.
It will provide all these facilities to policyholders with an e-insurance account (E-IA).

Stakeholders :

Key Stakeholders	Stake	Fund Infusion
Life Insurance Council	30%	25 Cr.
General Insurance Council	30%	25 Cr.
Online PSBs	35%	30 Cr.
Brokers Association	5%	3 Cr.

Bima Sugam shall have linkages with the Unique Identification Authority of India (UIDAI) National Securities Depository Limited (NSDL), and Central Depository Services Limited (CDSL).

About IRDAI :

Founded: 1999
Headquarters: Hyderabad, Telangana
Chairperson: Debasish Panda
IRDAI is a regulatory body under the jurisdiction of the Ministry of Finance, Government of India, and is tasked with regulating and licensing the insurance and re-insurance industries in

IRDAI offers more flexibility to general insurance companies

The Insurance Regulatory & Development Authority of India (IRDAI) has offered more flexibility to general insurance companies in designing and pricing products under miscellaneous lines of business and allowed them to launch these in the market without prior regulatory approval.
This is part of IRDAI’s endeavor to boost the ease of doing business.
Earlier, the products with a sum assured above Rs 5 crore could be launched without prior approval of IRDAI.
But insurers needed regulatory approval before launching products with a sum assured up to Rs 5 crore.
Now, IRDAI said that it has extended the ‘Use and File’ procedure, ie. launching insurance products without prior approval, to all categories.

CURRENT AFFAIRS: BUSINESS NEWS

Sprite, a product of Coca-Cola, surpasses $1 billion in sales in India:

Coca-Cola, a multinational soft drink corporation, declared that the Indian market had made “Sprite,” a lemon- and lime-flavored soft drink, a billion-dollar brand.
In the third quarter of 2022, the company’s India business experienced “strong” volume growth.
Strong growth was achieved by Trademark Coke through efficient execution and occasion-based marketing.
Through the introduction of returnable glass bottles and single-serve PET containers, Coke has completed 2.5 billion transactions in India at reasonable pricing points.
As it increased its share of effervescent offers in the first half of 2022, Coca-Cola strengthened further.
Due in large part to the success of locally tailored, occasion-based global marketing campaigns and screen time, Sprite has developed into a billion-dollar brand in the market.
Coca-Cola had declared that its Indian soft drink brand Thumps up would reach $1 billion in sales by 2021.
The fifth-largest market for Coca-Cola worldwide is India.

The BSE has introduced electronic gold receipts:

The Bombay Stock Exchange (BSE) released Electronic Gold receipts (EGR) on its platform.
During the Muhurat trading on Diwali, it presented two new goods with purity levels of 995 and 999.
Trading will be in 1-gram increments, with deliveries in 10-gram and 100-gram increments.
It will be settled in T+1. EGR enables efficient gold price discovery and standardization, transparency in gold transactions, promotion of the India Good Delivery Standard, and payment guarantees to investors.
With an annual gold demand of roughly 800-900 tonnes, India is the world’s second-largest consumer of gold, and it plays a significant role in global markets.
Despite being second only to China in gold consumption, India has remained a price taker in global markets.
To remedy the issue, the Government of India has authorized the establishment of a gold exchange, where the metal will be traded on Indian exchanges in the form of Electronic Gold Receipts (EGR).

CURRENT AFFAIRS: AWARDS AND HONOURS

“Pather Panchali” was named the greatest Indian film by FIPRESCI:

The feature film “Pather Panchali” by renowned director Satyajit Ray has been named the best Indian movie of all time by the International Federation of Film Critics (FIPRESCI).
In a list of the best ten films in Indian cinema history, which was determined following a poll by the FIPRESCI India chapter, the 1955 movie is ranked first.
“Pather Panchali,” Ray’s first film as a director, was based on the 1929 Bengali novel of the same name by Bibhutibhushan Bandyopadhyay.
Starring in it was Chunibala Devi, Kanu Banerjee, Karuna Banerjee, Uma Dasgupta, and Subir Banerjee.
According to FIPRESCI-India, 30 members participated in the ballot, which was done in secret.

CURRENT AFFAIRS: MOUS AND AGREEMENT

Drone Federation and the Indian Navy have partnered to advance homegrown drone technology:

The Drone Federation of India (DFI) and the Naval Innovation Indigenisation Organization (NIIO) under the Indian Navy have joined forces to promote domestic research, development, testing, and production of drones, counter-drones, and related technologies for the Indian Navy.
As part of this partnership, TDAC and DFI will boost the synergy between the Navy, Industry, and Academic sectors and identify technical development obstacles for component indigenization.
To speed up the development and testing of drones, particularly in marine conditions, and to enable development for a variety of applications, a unique maritime drone testing site shall also be designated for the Indian drone sector.
As part of this relationship, skill development and sensitization programs will also be run.
TDAC has been working to hasten the creation of homegrown technologies that the Indian Navy can use.
The Drone Federation of India will assist us in strengthening our connections with the sector and in building a stronger roadmap for the timely introduction of drone platforms into the Indian Navy.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Indian-origin Ms. Navjit Kaur Brar becomes councilor of Canada Brampton

An Indo-Canadian healthcare worker, Ms. Navjit Kaur Brar, has become the first turban-wearing Sikh woman to be elected as a city councilor of Brampton city in Canada.
Ms. Navjit Kaur Brar defeated Jermaine Chambers, a former Conservative MP candidate for Brampton West, to become the next City Councillor for Wards 2 and 6.

About Navjit Kaur Brar :

She is an Indo-Canadian respiratory therapist.
She is a former Conservative MP candidate for Brampton West.
Elections for municipal government are held every four years on the fourth Monday of October, which fell on October 24, 2022, this time.

CURRENT AFFAIRS: SPORTS NEWS

The BCCI decides to end discrimination and provide equal pay for male and female cricketers:

The Board of Control for Cricket in India (BCCI) made a landmark decision when it established a “pay equity policy,” stating that its centrally-contracted men’s and women’s players would get equal match fees.
Jay Shah, the BCCI secretary, announced the momentous development on Twitter.
As a result, the women’s players will now receive Rs. 15 lakh for each Test match, Rs. 6 lakh for each ODI, and Rs. 3 lakh for each T20 International.
They had been paid Rs 1 lakh for a white-ball match and Rs 4 lakh for a test match up to this point.
Women’s cricket players are still paid the same annual retainer – Rs. 50 lakh for Grade A, Rs. 30 lakh for Grade B, and Rs. 10 lakh for Grade C. Depending on their classification, men who participate in more games are paid between Rs 1 and Rs 7 crore.
At an emergency meeting of the BCCI Apex Council, a decision was made.

CURRENT AFFAIRS: OBITUARIES

French painter Pierre Soulages Passes away

The French painter who came to fame with his works reflecting on the shades and forms of black, Pierre Soulages passed away at the age of 102.

About Pierre Soulages :

Soulages was born in 1919 in Rodez, Aveyron.
He was a French painter, printmaker, and
He is known as “the painter of black,” owing to his interest in the color “both as a color and a non-color.
He was known for his “beyond black” works that took the monochromatic painting to the next level.
In 1955, he took part in the first documenta art fair in the central German city of Kassel.
In 2014, François Hollande described him as the world’s greatest living artist
In December 2019, he was honored by the Louvre in Paris with a solo exhibition.
He was only the third artist to have a solo show at the museum during his lifetime, joining Marc Chagall and Pablo Picasso.

Popular Assamese actor Nipon Goswami passed away

Veteran Assamese actor, Nipon Goswami passed away at the age of 80.

About Nipon Goswami :

Goswami was born on 3 September 1942 at Kolibari in Tezpur, Assam.
His father Chandradhar Goswami was also a famous actor and his mother Nirupama Goswami a
He was an alumnus of the Film and Television Institute of India, Pune.
He made his acting debut as a child actor in the Assamese film ‘Piyoli Phukan’.
He started his film career as the lead actor in the Assamese movie Sangra.
He debuted in the Assamese cinema as a child artist in
His last Assamese film was ‘Lankakanda’, directed by Rajani Barman.

The world’s dirtiest man Amou Haji Passes away

An Iranian loner, also popular as the “dirtiest man in the world” for not taking a shower for more than half a century, Amou Haji passed away at the age of 94 in Iran.

About Amou Haji :

He was known to his community as Amou Haji or Uncle Haji, an Iranian term of endearment for an older person.
He was afraid of water and had not bathed for over 60 years.
Owing to his unique record, a short documentary titled ‘The Strange Life of Amou Haji’ was made in 2013, describing his life.
Following Haji’s death, the unofficial title of “world’s dirtiest man” would go to a 67-year-old Indian man from western Maharashtra state who also had not bathed for more than 30 years.

Daily CA on October 29:

World Stroke Day 2022 is observed on the 29th of October 2022.
Vinai Kumar Saxena, the lieutenant governor of Delhi, has introduced the “SAMRIDDHI 2022–23” one-time property tax amnesty program, which will significantly relieve thousands of city residents and business property owners.
The three-day “Akash for Life” space conference will demonstrate how all schools of thought have been thoroughly integrated to combine traditional and modern knowledge.
The NIA will open offices in every state: The Union Minister of Housing and Cooperation, Amit Shah, spoke at the beginning of a two-day “Chintan Shivir” in Surajkund, Haryana.
Coca-Cola, a multinational soft drink corporation, declared that the Indian market had made “Sprite,” a lemon- and lime-flavoured soft drink, a billion-dollar brand.
The Bombay Stock Exchange (BSE) released Electronic Gold receipts (EGR) on its platform.
The feature film “Pather Panchali” by renowned director Satyajit Ray has been named the best Indian movie of all time by the International Federation of Film Critics (FIPRESCI).
The Drone Federation of India (DFI) and the Naval Innovation Indigenisation Organization (NIIO) under the Indian Navy have joined forces to promote domestic research, development, testing, and production of drones, counter-drones, and related technologies for the Indian Navy.
The Board of Control for Cricket in India (BCCI) made a landmark decision when it established a “pay equity policy,” stating that its centrally-contracted men’s and women’s players would get equal match fees.
A new report by the United Nations Framework Convention on Climate Change (UNFCCC) has warned that the climate plans from governments worldwide remain insufficient to limit rising temperatures to5 degrees Celsius as set out in the 2015 Paris Agreement.
Odisha Chief Minister Shri Naveen Patnaik launched a common credit portal SAFAL’ (Simplified Application for Agricultural Loans) for the welfare of farmers.
The Assam government department of Environment and Forests and the US Agency for International Development (USAID) launched the “Trees Outside Forests in India (TOFI)” program in Assam
Public sector lender Indian Bank has rolled out 6 new digital initiatives under ‘Project WAVE’ (World of Advance Virtual Experience) for enhancing customer experience through integrated services on its digital platform.
The India Post Payments Bank (IPPB) operating under the Department of Posts has launched a group accident insurance plan with an accidental death coverage of Rs 10 lakh.
The Insurance Regulatory and Development Authority of India (IRDAI), announced the launch of Bima Sugam, an online marketplace that will house all companies selling life and non-life insurance on a single platform.
The Insurance Regulatory & Development Authority of India (IRDAI) has offered more flexibility to general insurance companies in designing and pricing products under miscellaneous lines of business and allowed them to launch these in the market without prior regulatory approval.
An Indo-Canadian healthcare worker, Ms. Navjit Kaur Brar, has become the first turban-wearing Sikh woman to be elected as a city councilor of Brampton city in
The French painter who came to fame with his works reflecting on the shades and forms of black, Pierre Soulages passed away at the age of 102.
Veteran Assamese actor, Nipon Goswami passed away at the age of 80.
An Iranian loner, also popular as the “dirtiest man in the world” for not taking a shower for more than half a century, Amou Haji passed away at the age of 94 in Iran.

Excellence by Saikat Sir

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