Daily Current Affairs November 08 2022

 

CURRENT AFFAIRS: IMPORTANT DAYS

World Radiography Day: 8th November

• World Radiography Day 2022 is observed on the 8th of November 2022.
• World Radiography Day 2022 is celebrated every year for one of the great discoveries of a new Electromagnetic wave called X-ray.
• The day is celebrated worldwide by various national radiographers’ associations and societies.
• The International Society of Radiographers and Radiological Technologists has celebrated 8 November as World Radiography Day since 2007.
• In India, the Radiographers Association of Madhya Pradesh is celebrating this day since 1996 and the theme for this day was raised by Shivakant Vajpai, secretary of the Madhya Pradesh Radiographers Association.

Guru Nanak Dev’s Birthday: 8th November

• Guru Nanak Dev’s Birthday in 2022 is observed on the 8th of November 2022.
• Guru Nanak Dev was born on 15th April 1469 A.D.
• He was born in Lahore, Punjab.
• Guru Nanak was the son of Mehta Kalu Chand and Mata Tripti Devi.
• He got married to Bibi Sulakhani and was blessed with two sons, Srichand and Lakshmichand.
• He was religious from a small age, so he left the home and went to the woods to meditate.
• He started to Preach about God and the life of humans to reach God.
• His hymns were recorded in Japji Sahib, a holy scripture in Sikhism, which is a part of Guru Granth Sahib as well.
• It is a description of the stages of a man’s life before he departs this life.
• His first devotee was Mardana, and Baba Nanak travelled across the land to preach to the public
• His birthday anniversary is celebrated in November every year on a special day
• Guru Nanak took his last breath at the age of 69 in 1538 A.D.

CURRENT AFFAIRS: NATIONAL NEWS

Panchayati Raj’s Rural Development Agenda Booklet was unveiled by Giriraj Singh:

• Giriraj Singh, Union Minister for Rural Development and Panchayati Raj launched the booklet ‘Agenda for Members of Panchayati Raj Institutions for Rural Development.’
• The pamphlet “Agenda for Members of Panchayati Raj Institutions for Rural Development” will include information on all schemes like as MGNREGA, Deen Dayal Antyodaya Yojna- National Rural Livelihood Mission, PM Awas Yojna- Grameen, PM Gram Sadak Yojna, and others.
• The book ‘Agenda for Members of Panchayati Raj Institutions for Rural Development will soon be available in regional languages.
• The pamphlet, according to the Minister, will be available at each Gram Panchayat in the country.
• The book can serve as the foundation for an informed conversation among Gram Panchayat members about the various programs of the Ministry of Rural Development.
• This book will assist everyone, especially Gram Panchayat members, in understanding the programs and their eligibility, thereby increasing transparency and public engagement.

Janjatiya Gaurav Diwas will be observed by the Ministry of Education:

• The Ministry of Education declared that this year, India will commemorate ‘Janjatiya Gaurav Diwas’ in schools and higher education institutes on November 15, 2022.
• The Janjatiya Gaurav Divas was a name granted by the Union Cabinet of the Government of India on 15 November 2021 to recognize the role of tribal freedom fighters as part of the year-long celebration of India’s 75th anniversary of independence.
• The government designated November 15 as ‘Janjatiya Gaurav Divas,’ honouring the memories of valiant tribal independence fighters.
• The project was launched by Union Education, Skill Development, and Entrepreneurship Minister Shri Dharmendra Pradhan.
• Birsa Munda, who is regarded as Bhagwan by tribal groups across the country, was born on November 15th.
• Birsa Munda was a historic freedom warrior, social reformer, and beloved tribal leader of the country who fought heroically against the British colonial government’s exploitative system.

CURRENT AFFAIRS: INTERNATIONAL NEWS

FAO’s annual flagship publications – State of Food and Agriculture 2022

• The Food and Agriculture Organization of the United Nations (FAO) has released the 2022 edition of the State of Food and Agriculture,(SOFA) which oversees in agrifood system to contribute to reaching Sustainable Development Goals (SDGs)
• The State of Food and Agriculture, one of FAO’s major annual flagship publications, aims at bringing to a wider audience balanced science-based assessments of important issues in the field of food and agriculture. 

About State of Food and Agriculture 2022 :

• The State of Food and Agriculture 2022 looks into the drivers of agricultural automation, including the more recent digital technologies.
• Based on 27 case studies, the report analyzes the business case for the adoption of digital automation technologies in different agricultural production systems across the world.

About FAO :

• Established: 16 October 1945
• Headquarters: Rome, Lazio, Italy
• Director General : Qu Dongyu
• Membership: 195 members (including 194 countries and the European Union)
• Parent Organization: United Nations Economic and Social Council
• The FAO is an international organization that leads international efforts to defeat hunger and improve nutrition and food security.

WTO to deepen presence at COP 27

• The World Trade Organization (WTO) is set to deepen its presence at the UN Climate Change COP 27 in Egypt with Director General Ngozi Okonjo Iweala participating, including the launch of WTO’s 2022 World Trade Report on ‘Climate Change and International Trade.’

Key Highlights :

• At COP 27, the WTO DG will speak at the ‘roundtable on food security co-convened by Egypt and the World Economic Forum on November 7, 2022
• Iweala will address a session on ‘accelerating adaptation in Africa’, co-organized by the African Union and Global Center for Adaptation.
• On November 9, 2022, Iweala will speak on ‘ Implementing trade-related contributions to the global response to climate change and launch of World Trade Report on Climate Change.
• According to Article 3.5 of the UN Framework Convention on Climate Change (UNFCCC), “Measures taken to combat climate change, including unilateral ones, should not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade”.

About WTO :

• Established: 1 January 1995
• Headquarters: Geneva, Switzerland
• Director-General: Ngozi Okonjo-Iweala
• Membership: 164 members (160 UN member states, the European Union, Hong Kong, Macao, and Taiwan)
• The WTO is an intergovernmental organization that regulates and facilitates international trade.

Europe approves the world’s first one-dose drug to protect babies against RSV

• The European Commission has authorized the world’s first one-dose drug against a respiratory virus that sickens millions of babies and children globally every year.
• Drugmakers Sanofi and AstraZeneca announced that the European Commission had given the green light to nirsevimab, a laboratory-developed antibody designed to protect infants during their first exposure to RSV, or respiratory syncytial virus, a highly contagious common infection that infects nearly all babies by age 2.
• At the moment, babies at high risk of the disease can be given monthly shots to protect them during RSV season.
• Nirsevimab was developed to give newborns and infants immediate protection against RSV through an antibody to prevent infections in their respiratory systems
• RSV kills about 100,000 babies annually, mostly in developing countries.

About European Commission :

• President of the European Council: Charles Michel
• President of the Commission: Ursula von der Leyen
• Currency: Euro
• Membership: 27 members

CURRENT AFFAIRS: STATE NEWS

Aibawk cluster in the Aizawl, Mizoram becomes the first cluster to be completed under the Shyama Prasad Mukherji Rurban Mission

• Aibawk cluster in the Aizawl district of Mizoram has become the first cluster to be completed under the Shyama Prasad Mukherji Rurban Mission (SPMRM).

Key Highlights :

• Under the leadership of the Minister of Rural Development, Shri Giriraj Singh, the Aibawk Rurban cluster completed all the 48 projects planned under SPMRM.
• Spread over an area of 522 sq. km across 11 villages and covering a population of 10,963, the Aibawk cluster has the locational advantage due to its proximity to Aizawl City.
• Agri-link roads, pedestrian footpaths, and inter-village road connectivity projects undertaken to improve market access
• Infrastructure created includes roads, footpaths, drains, water supply, and car parking, and social infrastructures like a conference centre, and sports infrastructure.

About SPMRM :

• SPMRM was launched by  Prime Minister Shri Narendra Modi in February 2016.

Aim : 

• To provide amenities to rural areas which are perceived to be urban and have the potential to stimulate local economic development. 
• The mission is of five years duration.

What is a Rurban Cluster? 

• A ‘Rurban cluster’ is a cluster of geographically contiguous villages with a population of about 25000 to 50000 in plain and coastal areas and with a population of 5000 to 15000 in desert, hilly or tribal areas. 
• Under the Mission, presently, out of 300 selected clusters spread across the country, 109 are tribal clusters and 191 non-tribal clusters. 

CURRENT AFFAIRS: BANKING & FINANCE

MUFG Bank partners with M1xchange to digitize corporate trade finance

• MUFG Bank has partnered with M1xchange to facilitate digital invoice financing for the bank’s clients.

Key Highlights :

• Under M1xchange’s TReDS (Trade Receivables Discounting System), MSME suppliers get early funding for their receivables under a bidding mechanism, and this is funded by MUFG Bank, which takes on the credit risk of the corporate buyers.
• This collaboration allows MUFG Bank to leverage the digital ecosystem established by M1xchange, thereby enhancing the efficiency of its client services.
• The collaboration with M1xchange demonstrates MUFG’s commitment to meeting the growing trade finance needs of the industry.
• With this partnership, the bank would offer digital trade solutions to clients while adding value to Micro Small, and Medium Enterprise (MSME) enterprises who are the end users of this supply chain.”

About MUFG Bank, Ltd :

• Founded: January 1, 2006
• Headquarters: Tokyo, Japan
• President : Katsunori Nagayasu

About M1xchange :

• Established: 2016
• Headquarters: Gurgaon, Haryana
• CEO: Mr. Sundeep Mohindru

RBI Provides approval of C2FO for setting up the TReDS Platform in India

• C2FO, a global on-demand working capital platform, announced that its India arm C2FO Factoring Solutions Private Limited has got in-principle approval from the Reserve Bank of India to set up and operate Trade Receivable Discounting Systems (TReDS) platform in India.
• With this, C2FO has become the 4th platform to get the license to operate TReDS after Receivables Exchange of India Ltd (RXIL), M1Xchange, and

Key Highlights :

• The fintech platform C2FO provides working capital to businesses and claims to be serving more than ten lakh businesses across 160 countries.
• Out of these, 2 lakh businesses are in India with a significant share of micro, small and medium enterprises (MSMEs). 

About TReDS :

• The institutional mechanism TReDS was launched by the central bank in July 2014 to enable discounting of MSMEs trade receivables through multiple financiers.
• According to the data by the RBI, the value of transactions undertaken on all TReDS platforms in FY2022 doubled to Rs 34,362 crore from Rs 17,080 crore in FY2021, and more than tripled from Rs 11,165 crore during
• In August 2021, the Government of India amended the Factoring Regulation Act (Amendment) 2021 to permit Non-Banking Finance Companies (NBFCs) to register on TReDS for discounting MSME invoices.

SEBI issues guidelines to standardize the usage of rating scales used by CRAs

• Market regulator Securities and Exchange Board of India (SEBI) came out with fresh guidelines to standardise the usage of rating scales used by Credit Rating Agencies (CRAs).
• The new guidelines will come into force from January 1, 2023.

Key Highlights :

• According to Sebi, ‘rating outlook’ indicates CRA’s view on the expected direction of the rating movement in the near to medium term.
• A ‘rating watch’ indicates a CRA’s view on the expected direction of the rating movement in the short term.
• SEBI has specified standard descriptors for rating watches and rating outlooks.

The following will be the rating descriptors for ‘rating outlook’ to be used:

• Stable
• Positive, and
• Negative

For ‘rating watch’, the following will be the rating descriptors to be used:

• Rating watch with positive implications
• Rating watch with developing implications
• Rating watch with negative implications
• The rating symbols should have CRA’s first name as the prefix.
• Under this, issuers with ‘AAA’ rating symbols are considered to have the highest degree of safety regarding the timely servicing of debt obligations.
• While issuers with ‘AA’ and ‘A’ rating symbols are understood to have a high and adequate degree of safety
• Issuers with BBB ratings are considered to have a moderate degree of safety regarding the timely servicing of debt obligations.
• Those with BB, B, and C ratings are considered to have a ‘moderate’, ‘high’, and ‘very high risk of default, respectively regarding timely servicing of debt obligations and issuers with D ratings are in default or are expected to be in default soon.
• CRAs are rating agencies that undertake ratings of various financial instruments under the guidelines of different financial sector regulators or authorities. 
• They are an important part of the financial industry, as investors and institutions often base their decisions on the rating and guidance of CRAs.
• Some examples of CRAs in India include Crisil, and CARE, among others.
• The monitoring of the implementation of this circular by CRAs shall be done through a half-yearly internal audit, which will be conducted by chartered accountants, company secretaries, and cost and management accountants (CMAs). 

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 the securities and commodity market in India under the ownership of the Ministry of Finance, GoI.

RBI conducts special meet to draft report for govt on missing inflation target

• The Monetary Policy Committee (MPC) convened a special off-cycle meeting to discuss and draft the content of the report that the Reserve Bank of India (RBI) has to send to the government for missing the inflation target.
• The meeting was chaired by RBI Governor Mr. Shaktikanta Das.
• All the MPC members Michael Debabrata Patra, Rajiv Ranjan, Shashanka Bhide, Ashima Goyal, and Jayanth R Varma attended the meeting.

Key Highlights :

• The report to be sent to the Government by the Reserve Bank of India (RBI) under the provisions of Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI MPC and Monetary Policy Process Regulations, 2016
• The MPC meeting was held a day after the US Federal Reserve raised interest rates by 75 basis points in its fight against inflation.
• Consumer price-based inflation (CPI), or retail inflation, has been above the target range of 2-6% for three consecutive quarters, or nine straight months from January to September 2022.
• This is for the first time, since the adoption of a new monetary policy framework in 2016, that a special MPC meeting was called under Section 45ZN of the RBI Act. 
• It was the second out-of-turn MPC meeting this year, the first being held in May 2022.

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

Bain Capital sells 16.7 million shares in Axis Bank for Rs 1,497 crore

• Private equity major Bain Capital sold nearly 16.7 million shares, equalling a 0.5% stake in private sector lender Axis Bank.
• The shares were sold at Rs 891.38 apiece for a total of Rs 1,487 crore by BC Asia Investments, according to the data provided by stock exchanges.
• Bain Capital holds a 4.24% stake in Axis Bank as of 30 September 2022 through three entities – BC Asia Investments VII, BC Asia Investments III, and Integral Investments South Asia IV.
• Shares of Axis Bank last closed at Rs 871.75, down 3.8%.

ADB clears $350 million loan to improve road connectivity in Maharashtra

• Multilateral funding agency Asian Development Bank (ADB) approved a USD 350 million (about Rs 2,900 crore) loan to improve the road connectivity of key economic areas in

Key Highlights :

• The Connecting Economic Clusters for Inclusive Growth in Maharashtra project will further develop the state’s core road network in the Ahmednagar, Hingoli, Jalna, Kohalpur, Nagpur, Nanded, Nashik, Pune, Sangli, and Satara districts.
• It will help connect underdeveloped rural communities with off-farm opportunities and markets, improve access to health and social services and improve agricultural value chains by reducing transport costs for small and medium-sized enterprises.
• It will build on the Maharashtra State Road Improvement Project approved by ADB in April 2020 to upgrade state highways and major district roads.

About the Project :

• The project will upgrade at least 319 kilometres (km) of state highways and 149 km of district roads, incorporating climate and disaster-resilient features.
• It will also construct 5 km of major district roads connecting Nanded and Telangana.
• The project will promote gender equality and social inclusion in highway programs, schools, health, and social services and set up integrated service centres to provide basic sanitation, education, and other services, adding skills training for enterprises led by poor women and disadvantaged groups will be conducted to provide livelihood opportunities.

About ADB :

• Founded : 19 December 1966
• Headquarters : Mandaluyong, Philippines
• President : Masatsugu Asakawa
• Membership : 68 countries

CURRENT AFFAIRS: MOUS AND AGREEMENT

TATA Power and the Indian Army work together to deploy EV charging stations:

• The Indian Army joined with Tata Powers to build 16 EV charging stations as part of its “Go Green Initiative.”
• Charging stations have been built in several areas throughout Delhi Cantonment.
• Lt Gen Dhiraj Seth, General Officer Commanding Delhi Area, officially opened the installation of charging stations in collaboration with the nation’s largest integrated utility in the presence of army officials and senior TATA Power and TATA Motors executives.
• The GOC also urged everyone to support this environmentally friendly order to maintain the environment for future generations.
• TATA Power’s head of business development, Virendra Goyal, spoke about the company’s partnership with the Indian Army at the event.
• In October of this year, the Indian Army revealed its plan to introduce electric vehicles in Ladakh.
• According to Army officials, a percentage of selected units’ light vehicles (approximately 25%), buses (38%), and motorbikes (48%) would be replaced with EVs with appropriate charging infrastructure.
• Depending on the necessity for the viability of the vehicles, the Army may also provide EVs to select peacekeeping troops.

CURRENT AFFAIRS: RANKING AND REPORTS

WMO report: The eight warmest years on record are likely to occur from 2015 to 2022

• According to a report from the World Meteorological Organization, the global mean temperature in 2022 is predicted to be 1.15 degrees Celsius higher than the pre-industrial average (1850–1900).
• This means that the eight years starting in 2015 will likely go down in history as the warmest period ever.
• The rate of sea level rise has doubled since 1993, and it has increased by approximately 10 mm since January 2020 to a new record high this year, according to the study titled “WMO Provisional State of the Global Climate 2022” which was released during the 27th Conference of Parties to the UNFCCC.
• The analysis indicated that 10% of the total increase in sea level since satellite monitoring began over 30 years ago has occurred in the last two and a half years.
• As of now in 2022, the average worldwide temperature has risen 1.15 degrees Celsius above the level of the period between 1850 and 1900.
• The research indicates that if the current anomaly persists through the end of the year, 2022 would be either the fifth or sixth warmest year on record (since 1850), and in both cases, it will be somewhat warmer than 2021.
• It’s expected that the eight years, from 2015 to 2022, will rank among the eight warmest on record.

WMO Facts:

• The World Meteorological Organization (WMO) is an intergovernmental organization with 192 member countries and territories.
• India is a member of the World Meteorological Organization.
• The International Meteorological Organization (IMO) was founded following the 1873 Vienna International Meteorological Congress.
• Headquartered – in Geneva, Switzerland.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Centre appoints non-executive Chairman in four Public Sector Banks

• The Appointments Committee of the Cabinet (ACC), has been appointed Non-Executive Chairman on the Boards of four Public Sector Banks Canara Bank, Punjab National Bank (PNB), Union Bank of India, and Punjab & Sind Bank (PSB) respectively.

Appointments :

• Vijay Srirangam has been appointed as a part-time Non-Official Director as well as Non-Executive Chairman of Canara Bank for three years.
• K G Ananthakrishnan has been appointed as part-time Non-Official Director as well as Non-Executive Chairman of PNB for a term of three years.
• Srinivasan Varadarajan has been appointed as part-time Non-Official Director as well as Non-Executive Chairman of Union Bank of India for a term of three years
• The Centre has also appointed Charan Singh as a part-time Non-Official Director as well as Non-Executive Chairman of Punjab & Sind Bank for a term of two years.

RIL appoints veteran banker Mr. KV Kamath as an independent director for 5 years

• Reliance Industries Limited (RIL) had appointed Mr. KV Kamath, a veteran banker as an independent director on its board for five years.
• Mr. KV Kamath has also been appointed as an Independent Director and non-executive Chairman for Reliance Strategic Investment Limited (RSIL)

About Mr. KV Kamath :

• In 2015, he was appointed as the first president of the New Development Bank set up by BRICS countries & he retired from that position in 2020.
• He served as the MD and CEO of ICICI Bank following the company’s merger with that institution.
• Kamath had served as chairman of Infosys. 
• KV Kamath is currently the Chairman of the National Bank for Financing Infrastructure and Development (NaBFID).

About RIL :

• Founded: 8 May 1973
• Headquarters: Mumbai, Maharashtra, India
• Chairman & MD : Mukesh Ambani

Mr. Vivek Joshi Takes Charge As Financial Services Secretary

• Senior bureaucrat Mr. Vivek Joshi took charge as the Secretary of the Department of Financial Services (DFS) under the Ministry of Finance.
• Joshi replaced Mr. Sanjay Malhotra who is slated to take over as Revenue Secretary.

About  Mr. Vivek Joshi :

• Joshi is a 1989 batch IAS officer of the Haryana cadre.
• He was the Registrar General and Census Commissioner under the Ministry of Home Affairs.
• DFS keeps a tab on the functioning of banks, financial institutions, insurance companies, and the National Pension System.

BYJU’S appoints Lionel Messi as global brand ambassador to promote education for all

• BYJU’S, the world’s leading education technology company, has appointed football star and global sports icon Lionel Messi as the first global brand ambassador of its social impact arm, Education For All. 

About ‘Education For All :

• Byju’s ‘Education For All’ is its attempt to make education equitable, accessible, and free for millions of underserved kids in
• By 2025, the initiative aims to impact 10 million children.
• In 2022, BYJU’S became the official sponsor of the FIFA World Cup 2022 in Qatar.

About Lionel Messi :

• Lionel Andrés Messi is an Argentine professional footballer who plays as a forward for Ligue 1 club Paris Saint-Germain and captains the Argentina national team.
• He also holds the record for most international goals by a South American male (90).

Awards & Honors :

• Messi has won a record seven Ballon d’Or awards, a record six European Golden Shoes

About Byju’s :

• Founded: 2011
• Headquarters: Bengaluru, Karnataka, India
• CEO : Byju Raveendran
• Director: Divya Gokulnath

CURRENT AFFAIRS: DEFENCE NEWS

11th Joint Military Training-2022 Commenced between IAF & Republic of Singapore Air Force (RSAF) at Air Force Station Kalaikunda, West Bengal

• The 11th edition of the annual Joint Military Training (JMT) between the Indian Air Force (lAF) and the Republic of Singapore Air Force (RSAF) commenced at Air Force Station, Kalaikunda, West Bengal (WB).
• The two Air Forces have resumed this training after a gap of two years.
• The 2022 edition of JMT would be conducted over six weeks.

Participants :

• RSAF –  F-16 aircraft
• IAF –  Su-30 MKI, Jaguar, MiG-29 LCA Tejas aircraft

About JMT 2022 :

• The bilateral phase of the exercise will be conducted from 09 to 18 November 2022 and will see the two Air Forces engage in advanced air combat simulations.
• The exercise underscores the strong and long-standing relationship between India and Singapore in the domain of defence cooperation.
• It seeks to provide the participating contingents with an opportunity to share valuable operational knowledge, experiences, and best practices while strengthening the professional bonds between the two Air Forces.

About MoD :

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

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

SpaceX’s Falcon Heavy rocket, the world’s most powerful rocket, launches after 3-year hiatus

• SpaceX’s Falcon Heavy, a towering, three-pronged vehicle that is the most powerful operational rocket in the world, was launched into space for the first time since 2019.
• The rocket launched from NASA’s Kennedy Space Center in Florida, hauling satellites to space for the US military in a secretive mission dubbed USSF-44.
• The mission was carried out by the company owned by billionaire Elon Musk with the help of the US Space Force.
• This was the first time that the US Space Force used the rocket since the branch of the military was created by former president Donald Trump to monitor the country’s defence missions in

Key Highlights :

• The Falcon Heavy was first used back in 2018 when it carried a red sports car made by Tesla to space as part of a trial run.
• It was also used to send a TV and phone service satellite to orbit for Saudi Arabia-based Arabsat and the final mission included the transport of experimental satellites for the US Department of Defence.
• Made up of 3 Falcon 9 engine cores, with the central one upgraded, the Falcon Heavy is more powerful and capable of generating five million pounds of thrust at liftoff.
• Although Falcon Heavy can carry heavier payloads than Falcon 9, it doesn’t serve as many customers.
• It has only been used by NASA, the US military, and Arabsat, a telecommunications corporation in Saudi Arabia so far.
• Space X has been working closely with the US military as the government looks to increase the number of orbiting satellites used for surveillance purposes.
• The other major partner for the military is United Launch Alliance, which is a joint operation between Boeing and Lockheed Martin.

About SpaceX :

• Founded: March 14, 2002
• Headquarters: Hawthorne, California, United States
• CEO & Chairman: Elon Musk
• Space Exploration Technologies Corp. (doing business as SpaceX) is an American spacecraft manufacturer, space launch provider, and satellite communications corporation.

Google Cloud partners with PMPML to help Pune commuters track buses in real time

• Google Cloud announced a collaboration with Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), the public transport bus service provider for the twin cities of Pune & Pimpri Chinchwad and Pune Metropolitan Region Development Authority (PMRDA) region, Maharashtra.

Aim :

• To build an intelligent transit management system and feed system to track buses live on Google Maps.

Key Highlights :

• PMPML has hardware installed on their buses which are capable of sending real-time data
• The collaboration with Google Cloud will help them ingest real-time data from all applicable buses from the OBU (on-board unit) system installed on the PMPML buses
• Google Cloud will work through its premier partner Niveus Solutions Pvt Ltd and others for engagement in Pune.

About PMPML :

• Founded: 19 October 2007
• Headquarters: Pune, Maharashtra
• Chairman & Managing Director : Om Prakash Bakoria
• PMPML operates 371 routes around the Pune Metropolitan Region, including 117 Rainbow BRT routes that ply on the 7 bus rapid transit corridors.

CURRENT AFFAIRS: SPORTS NEWS

The Indian men’s squash team won the Asian Squash Team Championships with a gold medal:

• The Indian men’s team, led by the experienced Saurav Ghosal, won their first-ever gold medal at the Asian Squash Team Championships with a 2-0 victory over Kuwait in the final.
• Ramit Tandon had given India the lead with a slick straight games win over Ali Aramezi, and star player Ghosal secured the victory (11-5, 11-7, 11-4).
• Ghosal then defeated Ammar Altamimi 11-9, 11-2, 11-3 to give the team an unassailable advantage.
• The third match between Abhay Singh and Falah Mohammad was cancelled because the tie had been settled by Tandon and Ghosal’s victories.
• They topped Pool A with a 3-0 record, defeating Qatar, Pakistan, Kuwait, South Korea, and Chinese Taipei before defeating Malaysia 2-1 in the semifinals.
• In Cheongju, South Korea, they defeated Kuwait in straight sets in the final.
• It is the biggest win for the Indian Men’s Team since they won gold at the 2014 Asian Games.
• The Indian men’s team won three silver medals and seven bronze medals in the Asian Team Squash Championships.

Daily CA on November 8:

• World Radiography Day 2022 is observed on the 8th of November 2022.
• Guru Nanak Dev’s Birthday in 2022 is observed on the 8th of November 2022.
• Giriraj Singh, Union Minister for Rural Development and Panchayati Raj launched the booklet ‘Agenda for Members of Panchayati Raj Institutions for Rural Development.’
• The Ministry of Education declared that this year, India will commemorate ‘Janjatiya Gaurav Diwas’ in schools and higher education institutes on November 15, 2022.
• The Indian Army joined with Tata Powers to build 16 EV charging stations as part of its “Go Green Initiative.”
• According to a report from the World Meteorological Organization, the global mean temperature in 2022 is predicted to be 1.15 degrees Celsius higher than the pre-industrial average (1850–1900).
• The Indian men’s team, led by the experienced Saurav Ghosal, won their first-ever gold medal at the Asian Squash Team Championships with a 2-0 victory over Kuwait in the final.
• The Food and Agriculture Organization of the United Nations (FAO) has released the 2022 edition of the State of Food and Agriculture,(SOFA) which oversees in agrifood system to contribute to reaching Sustainable Development Goals (SDGs)
• The World Trade Organization (WTO) is set to deepen its presence at the UN Climate Change COP 27 in Egypt with Director General Ngozi Okonjo Iweala participating, including the launch of WTO’s 2022 World Trade Report on ‘Climate Change and International Trade.’
• The European Commission has authorized the world’s first one-dose drug against a respiratory virus that sickens millions of babies and children globally every year.
• Aibawk cluster in the Aizawl district of Mizoram has become the first cluster to be completed under the Shyama Prasad Mukherji Rurban Mission (SPMRM).
• MUFG Bank has partnered with M1xchange to facilitate digital invoice financing for the bank’s clients.
• C2FO, a global on-demand working capital platform, announced that its India arm C2FO Factoring Solutions Private Limited has got in-principle approval from the Reserve Bank of India to set up and operate Trade Receivable Discounting Systems (TReDS) platform in India.
• Market regulator Securities and Exchange Board of India (SEBI) came out with fresh guidelines to standardise the usage of rating scales used by Credit Rating Agencies (CRAs).
• The Monetary Policy Committee (MPC) convened a special off-cycle meeting to discuss and draft the content of the report that the Reserve Bank of India (RBI) has to send to the government for missing the inflation target.
• Private equity major Bain Capital sold nearly 16.7 million shares, equalling a 0.5% stake in private sector lender Axis Bank.
• Multilateral funding agency Asian Development Bank (ADB) approved a USD 350 million (about Rs 2,900 crore) loan to improve the road connectivity of key economic areas in
• The Appointments Committee of the Cabinet (ACC), has been appointed Non-Executive Chairman on the Boards of four Public Sector Banks Canara Bank, Punjab National Bank (PNB), Union Bank of India, and Punjab & Sind Bank (PSB) respectively.
• Reliance Industries Limited (RIL) had appointed KV Kamath, a veteran banker as an independent director on its board for five years.
• Senior bureaucrat Mr. Vivek Joshi took charge as the Secretary of the Department of Financial Services (DFS) under the Ministry of Finance.
• BYJU’S, the world’s leading education technology company, has appointed football star and global sports icon Lionel Messi as the first global brand ambassador of its social impact arm, Education For All. 
• The 11th edition of the annual Joint Military Training (JMT) between the Indian Air Force (lAF) and the Republic of Singapore Air Force (RSAF) commenced at Air Force Station, Kalaikunda, West Bengal (WB).
• SpaceX’s Falcon Heavy, a towering, three-pronged vehicle that is the most powerful operational rocket in the world, was launched into space for the first time since 2019.
• Google Cloud announced a collaboration with Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), the public transport bus service provider for the twin cities of Pune & Pimpri Chinchwad and Pune Metropolitan Region Development Authority (PMRDA) region, Maharashtra.