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• This addition is aided by consistent policy support and competitive auctions implemented to achieve
the ambitious target of 500 GW of non-fossil capacity by 2030.
Key Points:
i.Solar Photovoltaic (PV) accounts for three-quarters of this growth, followed by onshore wind with 15%, and
hydropower providing almost all the rest.
ii.The share of generation from RE in India’s total generation mix, which stood at 22.1% during FY22, is likely
to increase to 40.9% during FY30.
iii.So far, a total of 172.72 GW of capacity from non-fossil fuel-based energy resources has been installed in
India as of October 2022, which includes 119.09 GW of RE, 46.85 GW of large hydro, and 6.78 GW of nuclear
power capacity. This has a share of 42.26% of the total installed generation capacity in India (408.71 GW).
Two main policies in India (came in 2022) to boost domestic manufacturing of PVs are-
i.The duty on imports was increased to 40% for PV modules from 15% and to 25% for solar cells in April 2022
to reduce dependence on China and increase domestic manufacturing.
• This is expected to add 16 GW of PV capacity which is 60% higher than in 2021.
ii.The Production Linked Incentive (PLI) scheme sanctioned 9 GW of PV manufacturing capacity to provide an
ecosystem of local manufacturing.
• This aims to expand India’s solar PV cell and module manufacturing capacity to over 70 GW till
2030, including 29 GW of manufacturing capacity fully.
Global:
i.RE will comprise 90% of global electricity capacity expansion by 2027 and much of it will be in India, China,
the European Union (EU) and the United States (US).
• This is due to the favourable policies and market reforms in all four.
ii.RE’s installed power capacity addition will grow to 2,400 GW between 2022 and 2027.
• This expansion was 85% faster than the previous five years.
Recent Related News:
i.India and France have been re-elected as President and Co-President of the International Solar Alliance (ISA).
In this regard, India’s Union Minister Raj Kumar Singh, Ministry of New and Renewable Energy (MNRE) has
been re-elected as the President of ISA, and France’s Minister of State for Development,
Chrysoula Zacharopoulou has been re-elected as Co-President.
ii.The World’s largest floating solar plant is set to be built on Omkareshwar Dam in Narmada River at
Khandwa district of Madhya Pradesh (MP) which will generate 600 Megawatt power by 2022-23. The
estimated cost of the projects is around Rs.3000 crore.
WHO GLASS Report (5th Edition) 2022: Over 50% Of Life-Threatening Bacterial Infections Are
Becoming Resistant to Treatment
The World Health Organization (WHO) released the ‘Global Antimicrobial Resistance and Use Surveillance
System (GLASS) report 2022’ (5th edition), which states that over 50% of life-threatening bacterial infections
are becoming resistant to treatment.
• This implies that the possibility of an untreatable sickness brought on by antimicrobial resistance
(AMR) that will devastate mankind is becoming closer.
Global Antimicrobial Resistance and Use Surveillance System Report (5th Edition)
The 5th Global Antimicrobial Resistance and Use Surveillance System (GLASS) report, prepared in association
with Member States, summarizes 2020 data on AMR rates in common bacteria from countries, territories, and
areas.
• The report provides 2020 data on antimicrobial consumption (AMC) at the national level, for the
first time, as reported by 87 countries.
• It also presents assessments of AMR rates in relation to national testing coverage, AMR trends since
2017, and data on AMC in humans in 27 countries for the first time.
Key Observations from The Report:
i.According to the report, bacteria that frequently causing bloodstream infections in hospitals, like Klebsiella
pneumoniae and Acinetobacter spp., have high levels (over 50%) of resistance.
• These life-threatening infections necessitate the use of last-resort antibiotics such as carbapenems.
• However, 8% of Klebsiella pneumoniae-related bloodstream infections were found to be resistant to
carbapenems, which raised the risk of death.
ii.More than 60% of Neisseria gonorrhoea isolates, a prominent sexually transmitted disease (STD), were
resistant to ciprofloxacin, one of the most commonly used oral antibacterials.
iii.The most prevalent pathogen for urinary tract infections (UTI), Escherichia coli (E. coli), had a resistance to
both first-line medications (ampicillin & co-trimoxazole) and second-line therapies (fluoroquinolones) in over
20% of isolates.
iv.Compared to rates in 2017, bloodstream infections caused by resistant E. coli, Salmonella spp., and
gonorrhoea infections increased by at least 15%.
i.The FPIs are residents of a country, the securities market regulator of which is a signatory to
the International Organisation of Securities Commission’s (IOSCO) Multilateral Memorandum of
Understanding (MoU), or a signatory to a bilateral MoU with SEBI.
ii.Investors contributing 25% or more in the funds should not belongs to the following:
• Named in the Sanctions List notified by the United Nations Security Council (UNSC)
• Resident in a country identified in the public statement of the Financial Action Task Force (FATF).
• Resident country that has not made sufficient progress in addressing the deficiencies, or has not
committed to an action plan developed with FATF to address such deficiencies.
What if an investor, who has been onboarded already, does not meet the specified conditions?
In this case, AIF will bare any further capital contribution from such investors, until the investor again meets
the conditions.
The information for the same is provided by
SEBI in exercise of powers conferred under Section 11(1) of the
Securities and Exchange Board of India Act, 1992 to protect the interests of
investors in securities and to promote the development of, and to regulate the securities market.
Click Here for Official Notification
About Securities and Exchange Board of India (SEBI):
Chairperson– Madhabi Puri Buch
Headquarters– Mumbai, Maharashtra
Establishment– 1992
PNB HFC launched Home Loan Scheme Roshni for Tier 1 & Tier 2 cities
The PNB Housing Finance Limited (PNB Housing), a Housing Finance Company(HFC) introduced a low-cost
home loan programme namely ‘Roshni’ enabling individuals from Tier 1 & Tier 2 cities to apply for loan ranging
from Rs 5 lakh to Rs 30 lakh.
• Through this scheme PNB HFC is committed towards the ‘Housing for All’ mission of the Central
Government.
Key Points:
i.This launch is in line with PNB HFC’s long-term goal of enabling and assisting an individual to purchase a
home.
ii.Recently, the Company opened branch offices focused on Roshni in the following cities:
• Chennai, Coimbatore in Tamil Nadu, Ghaziabad, Lucknow, Varanasi in Uttar Pradesh, Hyderabad
(Telangana), Indore/Ujjain (Madhya Pradesh), Rajkot (Gujarat), and Mumbai, Nagpur, Pune in
Maharashtra.
iii.The program offers a variety of loans for self-building, home expansions and renovations, plot purchases
combined with construction, loans against property, and the purchase of property investment.
iv.Loan applicants eligible for this are first-time credit borrowers, self-employed without a professional role
and salaried from a low-income group with a family income as low as Rs. 10,000 to middle-income group
category.
About PNB Housing Finance (HFC):
It is a registered housing finance company with the National Housing Bank (NHB)
MD and CEO– Girish Kousgi
ADB approves USD 250 mn policy-based loan to Strengthen Logistics Sector in India
On December 8, 2022, the Asian Development Bank (ADB) approved a USD 250 million policy-based loan to
strengthen the Logistics Sector in India. This funding will support the Indian Government’s reforms to
strengthen and modernize it’s logistics infrastructure, improve efficiency, reduce Greenhouse Gas (GHG)
Tamilnad Mercantile Bank signs pact with Bajaj Allianz Life Insurance
Tamilnad Mercantile Bank (TMB) signed a pact with Bajaj Allianz Life Insurance to form a strategic alliance to
sell the private life insurer’s term, annuity, and other value-packed products across its 500 branches.
• An agreement to that effect was signed on December 9, 2022, by the bank’s Managing Director (MD)
& Chief Executive Officer (CEO) Krishnan and Bajaj Allianz Life Insurance MD & CEO Tarun Chugh.
• TMB’s new and existing customers can now choose from Bajaj Allianz Life’s retail products, which
include term, savings, retirement, and investment products, as a result of this partnership.
• Reliance Industries Limited (RIL) was topped among the Indian firms on the list and
the 34th biggest company globally, with a valuation of USD 202 billion. It was followed by Tata
Consultancy Services (USD 139 billion) and HDFC Bank (USD 97 billion).
• Apple topped the chart globally with USD 2.4 trillion and Microsoft came second (USD 1.8 trillion),
while Alphabet, the parent company of Google grabbed the third place.
• The “2022 Hurun Global 500” was published by the Hurun Research Institute in collaboration
with Jiaxing City in East China.
2022 Hurun Global 500
• With 29 nations represented in the 2022 Hurun Global 500, an increase of 1, the United States
(US) continued to lead, followed by China, Japan, and the United Kingdom (UK).
Key indicators
The value of each company was determined by its market capitalization for listed companies and its valuation
for non – listed companies.
• The cut-off date was set until October 26, 2022.
i.Energy, particularly oil and gas companies, was the only sector that experienced rapid growth.
ii.The sector that lost the most money in 2022, worth USD 2.4 trillion, was the media and enterprise sector.
2022 Hurun Global 500: Top Indian companies on the list
i.With 20 companies, India jumped from 9th to 5th place in 2022, which includes 11 in Mumbai
(Maharashtra), 4 in Ahmedabad (Gujarat), and 1 in each of Noida (Uttar Pradesh), New Delhi (Delhi), Bengaluru
(Karnataka), and Kolkata (West Bengal).
ii.The most valuable company in India is Reliance Industries Limited (RIL) (USD 202 billion), followed by Tata
Consultancy Services (TCS) (USD 139 billion) and HDFC Bank (USD 97 billion).
iii.For the first time, 4 companies controlled by Indian billionaire Gautam Adani made the Hurun Global 500:
Adani Enterprises (worth USD 63 billion); Adani Transmission (worth USD 44 billion); Adani Total Gas (worth
USD 43 billion), and Adani Green Energy (worthUSD 40 billion).
iv.The two biggest state-owned Indian companies were the State Bank of India (SBI), with USD 62 billion, and
the Life Insurance Corporation of India (LIC), with USD 45 billion.
• These were excluded from the ‘2022 Hurun Global 500’ as it exclusively comprised non-state-
controlled companies.
v.City-wise List, New York(US) led the charts, Mumbai(Maharashtra) moved up three places to fifth,
while Ahmedabad(Gujarat) was the fastest-growing city in the world for Global 500 companies.
2022 Jiaxing EDZ · Hurun Global 500 – Top 3 in India
Global Rank Rank (India) Company Value (USD) Billion CEO/CMD
34 1 Reliance Industries 202 Mukesh Ambani
65 2 Tata Consultancy Services 139 Rajesh Gopinathan
111 3 HDFC Bank 97 Sashidhar Jagdishan
Click here to access the 2022 Hurun Global 500 list
2022 Hurun Global 500: Top global companies on the list
i.For the second year in a row, the “World’s Big Four” of Apple, Microsoft, Amazon, and Alphabet were the
only companies with trillion-dollar values.
ii.Hurun Global 500 companies are dominated by the US, which is home to 52% of the Global 500 (G500) with
260 companies and 65%, or USD 30.3 trillion, of the entire value.
• China came in second place with 35 companies and 6% of the overall value.
iii.The most valuable company globally was Apple, valued at USD 2.4 trillion, followed by Microsoft, valued
at USD 1.8 trillion.
• Alphabet, Amazon, Tesla, Berkshire Hathaway, Johnson and Johnson, and Exxon Mobil were among
the other companies featured in the top 10 globally.
iv.The financial services sector was the largest contributor to the list with 104 companies.The top two
financial services firms were UnitedHealth Group and Visa.
v.The value of Meta Platforms in 2022 is USD 349 billion after a wipe-out of USD 618 billion in 2021.
vi.Companies that dropped out of the top 500 includes Zoom, Snap, and Adidas.
vii.With a total market value of USD 2.03 trillion, Saudi Aramco, officially the Saudi Arabian Oil
Company was the most valuable listed state-controlled company in the world.
2022 Jiaxing EDZ · Hurun Global 500 Top 10
• The award was given to recognise the effort by the Meghalaya Government for initiating ‘Jan
Andolan’ (people’s movement) or ‘TB Mukt Bharat campaign’ against Tuberculosis.
• The award was presented to representatives of the State Health Department.
Note: TB affects about 2.6 million people in India every year.
Key Points:
i. According to TB reports from the pre-epidemic phase, Meghalaya had the highest number of TB cases in
2021, with 4,189.
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• In the first quarter of 2022, 1,075 patients were admitted for treatment against the disease.
ii. A National Strategic Plan for TB Elimination (2017-2025) has also been launched reorienting the
programme’s focus to ensure greater community engagement.
iii. ‘Jan Andolan’ aims to raise awareness, eliminate stigma, and enhance demand for services across
Meghalaya.
About Meghalaya:
Chief Minister- Conrad K Sangma
Governor- Brigadier (Dr.) B. D. Mishra (Retd)
Capital- Shillong
Wildlife Sanctuary- Baghmara Pitcher Plant Wildlife Sanctuary; Nongkhyllem Wildlife Sanctuary
India’s Manisha Ramadass wins BWF Female Para-Badminton Player of the Year 2022
On 6th December 2022, Indian shuttler Manisha Ramadass(17 years old) won the BWF Female Para-
Badminton Player of the Year 2022 of the BWF’s annual player of the Year Awards. The awards were presented
at the Gala Awards Night hosted by BWF in Bangkok, Thailand.
• Manisha Ramadass won the gold medal in the women’s singles SU5 category at the 2022 BWF Para-
Badminton World Championships held in November 2022 and was nominated for the award along
with two other Indians, Manasi Joshi and Nithya Sre.
• She has won 11 gold medals and 5 bronze in 2022.
Other BWF Player of the Year 2022 Awards:
• Para Badminton Pair of the Year – Thomas Wandschneider and Rick Cornell Hellman (Germany)
• Male Para Badminton Player of the Year – Daiki Kajiwara (Japan)
• Male Player of the Year – Viktor Axelsen (Denmark)
• Female Player of the Year – Akane Yamaguchi (Japan)
• Pair of the Year – Zheng Si Wei/Huang Ya Qiong (China)
• Eddy Choong Most Promising Player of the Year – Kodai Naraoka (Japan)
• Most Improved Player of the Year – Fajar Alfian/Muhammad Rian Ardianto (Indonesia)
ISRO Successfully Completes Joint ‘Hypersonic Vehicle Trials’ & Conducted Hot Test of Scramjet
Engine in TN
On 9th December 2022, the Indian Space Research Organisation (ISRO) successfully conducted a joint
hypersonic vehicle trial along with the Headquarters of Integrated Defence Staff (HQ IDS).
• The trial matched the predetermined targets and achieved all required parameters and
demonstrated hypersonic vehicle capability.
Hypersonic Vehicle:
i.A hypersonic vehicle can be an airplane, missile, or spacecraft that has the ability to travel five times faster
than the speed of sound, or greater than Mach 5.
ii.It is regarded as cutting-edge technology, and countries like China, India, Russia, and the United States of
America(USA) have been trying to further enhance the ability of their hypersonic weapons.
iii.ISRO has been developing hypersonic missiles in collaboration with Russia.
ISRO Successfully Conducted Hot Test of Scramjet Engine
ISRO successfully conducted the 11 second long hot test of the scramjet engine (supersonic
combustion ramjet) at ISRO’s Propulsion Research Complex at Mahendragiri in Tirunelveli, Tamil Nadu.
• The test was conducted as a part of ISRO’s quest to fabricate credible next-generation air-breathing
scramjet engines to launch satellites in a predetermined orbit at a low cost.
• A scramjet is a variant of a ramjet airbreathing jet engine in which combustion takes place in
supersonic airflow.
• The test was conducted in the presence of ISRO chairman S. Somanath.
• During this test, the speed of Hypersonic Technology Demonstrator Vehicle (HSTDV) equipped
with scramjet engine was measured at 7500 km per hour.
Key Points:
i.Scramjet is a more advanced version of the ramjet engine that can operate efficiently at hypersonic speeds.
ii.This allows supersonic combustion by breathing oxygen from the atmosphere during flight. It allows the
oxygen to mix with hydrogen already stored in the vehicle to trigger combustion, and produce the desired
thrust to lift the satellite to its designated orbit
• Enabling the launch vehicle to breathe oxygen from the atmosphere will reduce around 70% of the
propellant that has to be carried in the vehicle.
ENVIRONMENT
Meizotropis pellita, Fritilloria cirrhosa & Dactylorhiza hatagirea – 3 Himalayan Medicinal
Plants Made into IUCN Red List
Following a recent assessment by the International Union for Conservation of Nature (IUCN), 3 Himalayan
medicinal plants, Meizotropis pellita commonly known as “Patwa”, Fritillaria cirrhosa known as “Yellow
Himalayan fritillary”, Dactylorhiza hatagirea known as “Salampanja” are added to the IUCN Red List of
Threatened Species.
• The assessment was done by Harsh Kumar Chauhan, a member of the IUCN Species Survival
Commission, Medicinal Plant Specialist Group.
Details:
Meizotropis pellita:
It is a woody perennial rootstock shrub with restricted distribution endemic to Uttarakhand.
It was listed as Critically Endangered due to its limited area of occupancy (less than 10 sq. km).
• Threat: Deforestation, Habitat Fragmentation and Forest Fires.
• Use: The essential oil extracted from the leaves of this plant have strong antioxidants which can be
used as a natural substitute for synthetic antioxidants in pharmaceutical industries.
Fritillaria cirrhosa:
It is a perennial bulbous herb near-endemic to the Himalayas and distributed across Bhutan; China; India
(Jammu-Kashmir, Uttaranchal); Myanmar; Nepal; and Pakistan.
It was listed as “vulnerable” due to a decline of at least 30% of its population over the assessment period of 22
to 26 years.
• Threat: poor germination potential, high trade value, extensive harvesting pressure and illegal
trade.
• Use: Used for the treatment of bronchial disorders and pneumonia in China. It is also a strong cough
suppressant and source of expectorant drugs in traditional Chinese medicine.
Dactylorhiza hatagirea:
It is a perennial tuberous species endemic to the Hindu Kush and Himalayan ranges of Afghanistan, Bhutan,
China, India, Nepal, and Pakistan.
• Threat: habitat loss, livestock grazing, deforestation, and climate change.
• Use: This is used in Ayurveda, Siddha, Unani and other alternative systems of medicine to cure
dysentery, gastritis, chronic fever, cough and stomach aches.
Additional info:
• Dr. Chauhan previously assessed 6 species (medicial species) including Himalayan Trillium
govanianum (Himalayan Trillium) and Trillium tschonoskii (Keun-yeon-yeong-cho) which were
marked as endangered.
• A 1998 study states that around 1748 medical plants are there in this region.
SPORTS
India’s Ishan Kishan Becomes Fastest Double Centurion in ODIs; Breaks Chris Gayle’s World
Record
Indian cricketer Ishan Kishan became the fastest double-centurion in One Day International (ODI) breaking the
world record held by West Indies cricketer Chris Gayle.
IMPORTANT DAYS
Human Rights Day 2022 – 10th December
The United Nations(UN)’s Human Rights Day(International Human Rights Day or World Human Rights Day) is
annually observed across the globe on 10th December to create awareness and mobilize political will to
promote respect for rights and freedoms.
• The observance commemorates the anniversary of the day on which the Universal Declaration of
Human Rights (UDHR) was adopted in 1948. The UDHR enshrines the rights of all human beings.
The theme of Human Rights Day 2022 is “Dignity, Freedom, and Justice for All”.
Background:
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/423 (V) on 4th December 1950
proclaiming the 10th December of every year as Human Rights Day.
ii.The formal inception of Human Rights Day dates from 1950. The first UN Human Rights Day was observed on
10th December 1950.
Why December 10?
The UNGA adopted the resolution A/RES/217 A and proclaimed the Universal Declaration of Human Rights
(UDHR) on 10th December 1948 in Paris, France.
Significance of Human Rights Day 2022:
i.Human Rights Day 2022 marked the launch of a year-long campaign to promote and recognise the 75th
anniversary of the UDHR, which will be celebrated on 10th December 2023.
ii.The campaign aims to showcase the UDHR by focusing on its legacy, relevance and activism
iii.The campaign plans to change the understanding and action towards a greater knowledge of the universality
of the UDHR and the activism associated with it.
iv.UHDR 75 aims to
• Educate – create awareness about UDHR and its relevance of our times and for the future.
• Promote attitude change – counter the increasing scepticism of, and rollbacks against human rights.
About UDHR:
i.UDHR established for the first time the indivisible and inalienable rights of all humanity.
ii.UDHR proclaimed the inalienable rights that everyone is entitled to as a human being regardless of race,
colour, religion, sex, language, political opinion, national or social origin, property, birth or other status.
iii.UDHR is available in more than 500 languages. It holds the Guinness World Record as the most translated
document in the world.
About United Nations Human Rights Council(UN-HRC)
Human Rights Council is an inter-governmental body within the United Nations system responsible for
strengthening the promotion and protection of human rights around the globe.
The Council is made up of 47 UN Member States which are elected by the UNGA.
Created on 15th March 2006.
President(2022)– Federico Villegas
About the Office of the High Commissioner for Human Rights (OHCHR):
UN High Commissioner for Human Rights– Volker Türk
Headquarters– Geneva, Switzerland