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Current Affairs English Study PDF - October 2023 by AffairsCloud New 1 1
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Table of Contents
NATIONAL AFFAIRS ...................................................................................................................................................... 7
CABINET APPROVALS ............................................................................................................................................... 7
PARLIAMENT ............................................................................................................................................................ 15
LAUNCHES & INAUGURATION ............................................................................................................................... 20
FESTIVAL................................................................................................................................................................... 39
OTHER NEWS............................................................................................................................................................ 40
STATE NEWS ................................................................................................................................................................. 51
GOVT SCHEMES ............................................................................................................................................................ 63
INTERNATIONAL AFFAIRS ......................................................................................................................................... 70
VISITS............................................................................................................................................................................. 74
INDIAN VISITS .......................................................................................................................................................... 74
FOREIGN VISITS ....................................................................................................................................................... 80
BANKING & FINANCE NEWS....................................................................................................................................... 84
BANKING NEWS ....................................................................................................................................................... 84
RBI IN NEWS ............................................................................................................................................................. 84
SEBI ............................................................................................................................................................................ 97
LOANS ISSUED BY BANKS....................................................................................................................................... 99
AGREEMENTS & MoUs SIGNED............................................................................................................................ 101
OTHER BANK NEWS .............................................................................................................................................. 109
FINANCE NEWS....................................................................................................................................................... 116
ECONOMY & BUSINESS NEWS.................................................................................................................................. 123
MoU’s & AGREEMENTS ............................................................................................................................................. 129
COMMITTEES & MEETINGS...................................................................................................................................... 141
SUMMITS, EVENTS & CONFERENCE........................................................................................................................ 150
INDEX ........................................................................................................................................................................... 160
RANKING ................................................................................................................................................................. 160
REPORTS ................................................................................................................................................................. 170
AWARDS & RECOGNITIONS ..................................................................................................................................... 180
APPOINTMENTS & RESIGNATIONS ........................................................................................................................ 208
ACQUISITION & MERGERS ....................................................................................................................................... 231
PARLIAMENT
President Droupadi Murmu Gives Assent to Women’s Reservation Bill 2023
On September 29, 2023, as per the notification issued by the Union Law Minister Arjun Ram Meghwal
,President Droupadi Murmu has granted assent to the Women’s Reservation Bill 2023, which mandates
a 33% reservation (one-third of total seats) for women in the Lok Sabha, State Legislative assemblies, and
National Capital Territory (NCT) of Delhi. This historic decision was officially approved by the President
on September 28, 2023.
• Vice President and Rajya Sabha Chairperson, Jagdeep Dhankhar on September 28 signed the
women’s reservation Bill as passed by Parliament before it was presented to President Droupadi
Murmu for her assent.
• Following the President’s assent, this Bill will be recognized as the Constitution (106th
Amendment) Act.
• The Women’s Reservation Bill 2023, officially titled as The Constitution (128th Amendment) Bill,
2023 and commonly referred to as Nari Shakti Vandan Adhiniyam, has been introduced in the Indian
Parliament.
• This bill, which aims to enhance gender representation, was introduced in the Lok Sabha on 19th
September 2023 during a special parliamentary session.
• The Women’s Reservation Bill cannot be enacted into law until the year 2026.The bill can only
become effective after a process known as “delimitation” is carried out in the country.Delimitation is
necessary to allocate seats in the Lok Sabha and state legislative assemblies in a manner that
reserves a specific percentage (in this case, 33 percent) for women.
Nari Shakti Vandan Adhiniyam
i.During the special session of Parliament, Prime Minister Narendra Modi had described the law as “Nari
Shakti Vandan Adhiniyam.”
• The Indian Parliament Special Session, 2023 was a Special Session held in the Parliament of India
from 18 to 22 September 2023.
• This special session witnessed the transfer of parliamentary proceedings from the existing premises
to the New Parliament House, the Sansad Bhavan in New Delhi. Notably, this special session of
Parliament did not incorporate Question Hour, Zero Hour, or Private Member Business.
• During this session, the Women’s Reservation Bill was introduced on September 19, 2023, which is
the first bill to be presented in the new parliament building.
ii.The Nari Shakti Vandan Adhiniyam Bill, will also apply to seats reserved for Scheduled Castes (SCs) and
Scheduled Tribes (STs) in the Lok Sabha and the State Legislative Assemblies.
• The demand for a separate OBC quota was also raised during the session.
Ministry of I&B Made Significant Revisions to the Cable Television Network Rules of 1994
Ministry of Information and Broadcasting (MIB) issued a notification amending the Cable Television
Network(CTN) Rules of 1994. Moreover, a new provision has been added, enabling Cable Operators to
share infrastructure with Broadband Service providers.
• This amendment introduces a formal procedure for the renewal of registrations for Multi-
System Operators (MSOs). This significant change updates the rules which previously only
allowed for fresh registrations.
Key Points:
i.Following are the amended rules:
• MSOs will be required to submit their registration or renewal applications online
through Broadcast Seva Portal of MIB.
• Registrations for MSOs will be approved or renewed for a duration of ten years.
• A processing fee of Rs. One lakh will be applicable for the renewal of registration.
• Request for the renewal of registration must be made within seven to two months prior to the
expiration of the current registration.
ii.The Ministry has provided a dedicated helpline number and email address (sodas-moiab[at]gov[dot]in)
for any necessary assistance.
iii.This initiative ensures continuity of services for cable operators without interruptions, enhancing the
sector’s appeal for foreign investment.
What is A “Multi-System Operator (MSO)” ?– It is referring to a cable operator who receives
programming services from a broadcaster or their authorized agents. The MSO then re-transmits these
services or transmits their own programming simultaneously to multiple subscribers. This transmission
can occur either directly or through one or more local cable operators (LCOs). The definition of MSO also
encompasses their authorized distribution agencies, regardless of the terminology used to refer to these
entities.
About Broadcast Seva Portal
Launched By – Ministry of Information and Broadcasting
It is a centralized platform where multiple stakeholders and applicants submits their requests for various
activities issued by the Ministry of Information and Broadcasting (MIB) in the field of broadcasting.
New Drone (Amendment) Rules 2023 by MoCA: Citizens can Become Drone Pilots
The Ministry of Civil Aviation (MoCA), under the authority of section 5, sub-section 2 of section 10, and sections
10A, 10B, and 12A of the Aircraft Act, 1934 (22 of 1934), has introduced significant amendments to the Drone
Rules in 2023 for drone pilots. The rule is effective from the 27th of September 2023.
• As per the new Drone (Amendment) Rules 2023, the mandatory requirement of a passport has
been waived to further liberalise, promote and facilitate drone operations across India.
• After the amendment, government-issued proof of identity and address, such as Voter ID, Ration
Card, or Driving License, can now be accepted to apply for a Remote Pilot Certificate if the drone
pilot does not have a passport.
• It aligns with the government of India’s vision to position India as a global drone hub by 2030.
Amendment to Aircraft Rules, 1937: Validity of Pilot License increased from 5 to 10 yrs
On 10th October 2023, the Ministry of Civil Aviation (MoCA) notified the amendment of the Aircraft Rules,
1937, which will be called as “Aircraft (First Amendment) Rules, 2023”. Under this amendment, following
the revision of Rule 39C, the validity of the Airline Transport Pilot License (ATPL) and Commercial Pilot
License (CPL) holders has been increased from 5 years to 10 years.
• This aims to reduce administrative burden on pilots and aviation authorities like Directorate
General of Civil Aviation (DGCA), promoting a more streamlined and efficient licensing process.
• The amendment is in line with the government’s efforts to further improve the ease of doing
business in the aviation sector.
Note:
• The licence will be issued to pilots at the time when their licences are up for renewal.
• Previously, the pilot licence renewal period was increased from 2 to 5 years in 2014.
Key Updates on Amendment to Aircraft Rules, 1937:
i.The Amendment to the Aircraft Rules, 1937, emphasizes robust industry consultations, enhancing regulatory
safety, and security measures.
ii.The amendments align India’s aviation regulations with the International Civil Aviation Organization (ICAO)’s
Standards and Recommended Practices (SARPs), ensuring adherence to international best practices.
iii.Certain reforms, already in effect, include Amendment to the Aircraft (Demolition of Obstructions caused by
Buildings and Trees, etc.) Rules, 1994.
Note: By aligning with international aviation norms, these reforms reinforce India’s commitment to
maintaining high standards and competitiveness on the global aviation stage.
Government Authority on Hazardous Lights:
i.The Amendment to Aircraft Rules, 1937 introduces key changes under Rule 66, addressing concerns related to
the display of “false lights” in the vicinity of an aerodrome.
ii.The New Amendment has extended the scope and power for the government to take action against anyone
exhibiting “false lights” like lantern lights, kite lights, and laser lights, in the vicinity of an aerodrome.
• When lights resembling aeronautical signals are flashed around aerodromes, they can be mistaken
for aeronautical ground lights or an aeronautical beacon, posing serious risks to aircraft safety.
iii.The radius of the vicinity around an aerodrome has been increased from 5 kilometers to 5 nautical
miles (around 9.2 km).
• If the misleading lights remain unattended for 24 hours, the government is empowered to enter the
location and extinguish them.
MoCI Unveils Digital System for Automatic Issuance of Exporter Status Certificates
On October 9, 2023, Union Minister Piyush Goyal, Ministry of Commerce & Industry (MoCI), launched a new
initiative for issuing system-based automatic ‘Status Holder’ certificates under the Foreign Trade
Policy (FTP) 2023.
• The initiative was launched during the meeting with Export Promotion Councils.
Note: At present, there are around 14 Export Promotion Councils under the administrative control of the
Department of Commerce.
What is in the system?
i.The new system eliminates the need for exporters to apply for a Status Certificate from the Directorate
General of Foreign Trade (DGFT).
ii.Export recognition is automated through the IT (Information Technology) system using existing merchandise
export data and risk parameters from Directorate General of Commercial Intelligence and Statistics (DGCIS).
• This streamlines the process, reduces compliance burden, and promotes ease of doing business.
DAHD Launched ‘A-HELP’ Programme to Empower Women and Signed MoU with NRLM at
Jharkhand
The Department of Animal Husbandry and Dairying (DAHD) under the Ministry of Fisheries, Animal
Husbandry and Dairying(MoFAHD) launched the ‘A-HELP’ (Accredited Agent for Health and Extension of
Livestock Production) program in Jharkhand.
• The initiative was launched through a Memorandum of Understanding (MoU) between DAHD and
National Rural Livelihoods Mission (NRLM) under the Ministry of Rural Development (MoRD).
• Badal Patralekh, Minister of Agriculture, Animal Husbandry & Co-operative, Govt. of Jharkhand was
the chief guest of the launch programme.
About A-HELP:
i.Aim: To empower women by engaging them as Accredited Agents who contribute to essential tasks such as
disease control, animal tagging, and livestock insurance.
ii.A-HELP will enhance access to veterinary services at farmers’ doorsteps, empowering ‘Pashu Sakhis’. This
will serve as an integration of women’s empowerment, and fostering socio-economic advancement.
iii.A-HELP will effectively bridge the gap between local veterinary institutions and livestock owners, provide
primary health services, and act as both a Livestock Resource Person and a Primary Service Provider.
iv.A-HELP has already been initiated across 6 states including Bihar, Gujarat, Karnataka, Madhya Pradesh,
Uttarakhand, and Jharkhand, and one Union Territory (UT) Jammu and Kashmir(J&K).
MoEF&CC launches Green Credit Program & Ecomark Scheme to Encourage Eco-Friendly
Actions
The Ministry of Environment, Forest and Climate Change (MoEF&CC) launched 2 new initiatives, Green Credit
Program (GCP) and the Ecomark Scheme to encourage sustainable practices rooted in tradition and
conservation and promote the ideas of ‘LiFE’ – ‘Lifestyle for Environment’ movement.
• These 2 initiatives includes India’s pro-active approach of climate change, sustainability and
promotion of eco-conscious practices.
About Green Credit Program (GCP): Incentivizing Environmental Actions
Green Credit Program (GCP) was notified on 12th October 2023. It is an innovative market-based mechanism
designed to incentivize voluntary environmental actions across diverse sectors, by various stakeholders.
• GCP is independent of the carbon credit provided under the Carbon Credit Trading Scheme, 2023
under the Energy Conservation Act, 2001.
• The MoEF&CC have made a set of rules called “Green Credit Rules, 2023” in exercise of the powers
conferred by section 3, section 6 and section 25 of the Environment (Protection) Act, 1986 (29 of
1986).
Objectives of GCP:
• To promote positive actions through market based mechanism and generate green credit. These
credits are tradable and can be made available for trading on a domestic market platform.
• The green credit will arise from taking measures by a person of any environment activities referred
to in sub-rule (2) of rule 4.
• This will encourage the industries to meet the obligations under any law and to undertake voluntary
environmental measures referred to in rule 4 by generating or buying green credit.
Administrator:
Dehradun, Uttarakhand-based Indian Council of Forestry Research and Education (ICFRE), a Society
registered under the Societies Registration Act, 1860, is the administrator of the Green Credit Rule 2023.
• The administrator will be responsible for program implementation, management, monitoring, and
operation.
Inter-ministerial Steering Committee:
The Steering Committee constituted by the Central Government will be responsible for the monitoring of the
implementation of the GCP.
• It will comprise of representatives from the Ministries or Departments, experts from the field of
environment, industry associations and other relevant stakeholders.
Technical Committee:
Technical Committee constituted by the Central Government, based on the recommendations of the
Administrator, for each activity to assist the Administrator in implementation of GCP.
Key Points:
i.The ICFRE along with experts will establish or develop
• Green Credit Registry- for the registration and issuance of each Green Credit.
• Trading platform – which will perform functions regarding the trading of green credit, in accordance
with the guidelines made by the Administrator and
• · Knowledge and data platform – for providing transparency on various activities being undertaken
and for reporting sectoral progress under these rules
ii.The activities of the Administrator, designated agency, Registry, trading platform and knowledge and data
platform will be audited within a period of one year at the end of every third financial year by independent
auditors to be appointed by the Central Government on the recommendation of the Steering Committee.
Union MNRE Minister RK Singh launches Dashboard for Data on Adoption and Forecasts of EVs
On October 16, 2023, Union Minister Raj Kumar (RK) Singh for Ministry of New and Renewable Energy
(MNRE), and Ministry of Power launched a new Electric Vehicle (EV)-Ready India
Dashboard (evreadyindia.org) from New Delhi, Delhi.
• It is a free digital platform that focus on near real-time EV adoption and forecasts, associated battery
demand, charging density, and market growth trends by using data and AI (Artificial Intelligence).
Developers:
It has been developed by policy and industry experts at think-tank OMI Foundation based in New Delhi, Delhi.
Key Features of Dashboard:
i.EV-Ready India Dashboard is the only dashboard in India that compiles sales data across all all (34) Vahan
states and Union Territories and Telangana.
ii.It shows forecasts on EV adoption, and associated battery demand till 2030.
iii.Along with pan-India projections, the dashboard presents state-wise projections, a first-of-its-kind approach.
iv.Users can access a list of eligible EV models for subsidies and the subsidy amounts.
v.The dashboard also measures India’s progress towards net zero emissions.
Key Figures by Dashboard as of August 2023:
i.The EV-Ready India dashboard has forecast a 45.5% Compounded Annual Growth Rate (CAGR) in EVs
between calendar year (CY) 2022 and CY 2030, increasing from annual sales of 6,90,550 electric two-wheelers
(E2Ws) in 2022 to 1,39,36,691 E2Ws in 2030.
ii.India has avoided more 5.18 million tonnes of CO2 emissions in 2023, equivalent to growing 85.47 million
tree seedlings.
iii.One Public Charge Point caters to 155 EVs which requires immediate improvement.
iv.Chandigarh reports the lowest Public charging supply tarrif at Rs 3.6/kWh which is 73% lower compared to
the national average of Rs 13.74/kWh.
v.Maharashtra and Delhi emerged as the national leaders in public charging station infrastructure at 2531 and
1815 respectively.
vi.Tamil Nadu (TN) emerges as the E2W (Electric two‐wheel vehicles) manufacturing hub of
India, Telangana leads in E3W manufacturing, Maharashtra in E4W manufacturing, Gujarat in battery
manufacturing, and Karnataka in Research & Development (R&D).
PM Modi Launched 511 Pramod Mahajan Grameen Kaushalya Vikas Kendras in Maharashtra
Prime Minister(PM) Narendra Modi virtually launched the 511 Pramod Mahajan Grameen Kaushalya Vikas
Kendras (PMGKVKs) established across 34 rural districts of Maharashtra through video conferencing.
• These PMGKVKs will conduct skill development training programs across various sectors to provide
employment opportunities to rural youth.
Key People:
Eknath Shinde, Chief Minister (CM) of Maharashtra and Deputy Chief Ministers (Dy CMs) of Maharashtra,
Devendra Fadnavis and Ajit Pawar were present during the event.
About PMGKVK:
i.Each Kendra will train about 100 youngsters in at least two vocational courses.
ii.The training will be provided by empanelled industry partners and agencies under the National Skill
Development Council (NSDC).
iii.The newly launched skill centers will impart skills like construction, modern farming, media and
entertainment, and electronics among the young people.
iv.The people will also be trained on soft skills such as basic foreign language skills, Artificial
Intelligence (AI) tools for language interpretation.
Skilled Indians:
i.The demand for skilled Indian youth is growing globally, and these Kendras will help to meet that demand.
ii.The skilling of youths is aimed at creating 40 lakh jobs in 16 countries across the globe.
Union Home Minister Amit Shah Launches New Logo, Website, Brochure of NCEL
On October 23, 2023, Union Minister Amit Shah, Ministry of Home Affairs (MHA) launched the logo, website,
and brochure of the newly established National Cooperative Exports Limited (NCEL).
The launch was made during the National Symposium on
Cooperative Exports organised by NCEL in New
Delhi, Delhi.
He also distributed membership certificates to NCEL
members.
Other Participants:
Union Minister Piyush Goyal, Ministry of Commerce and
Industry(MoCI) and Union Minister of State (MoS) BL Verma,
Ministry of Cooperation.
About National Cooperative Export Limited (NCEL):
NCEL is an umbrella organization for cooperative sector exports in India.
It was established by the Ministry of Cooperation under the Multi-State Cooperative Societies (MSCS)
Act 2002 on January 25, 2023.
Key Points:
i.NCEL has an authorized share capital is Rs 2,000 crore, with an initial paid-up share capital of Rs 500 crore.
ii.Its primary goal is to focus on farmers. It will transfer about 50% of its export profits directly into the bank
AIIA’s 6th Foundation Day: New Molecular Biology Lab Launched at AIIA
The All India Institute of Ayurveda (AIIA) celebrated its 6th Foundation day on 20th October 2023 at AIIA
campus, New Delhi, Delhi. A new molecular biology lab for advance research at AIIA; a Manuscript Unit and
Center of Excellence (CoE) Dakshya were launched during the event.
AIIA has also signed memorandum of understandings (MoUs) with six institutions.
Key People:
Minister Sarbananda Sonowal, Ministry of AYUSH(Ayurveda, Yoga and Naturopathy, Unani, Siddha and
Homeopathy) graced the event.
Padma Bhushan awardee Vaidya Devendra Triguna President, Governing Body, Rashtriya Ayurveda
Vidyapeeth (RAV), Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush and BK Singh, Joint
Secretary, Ministry of Ayush were the Guest of Honour for the event.
AIIA signed 6 MoUs:
AIIA has signed six Memorandum of Understandings (MoUs) with well-known six institutions such as
Hindustan Salt Limited, the Ministry of Health and Family Welfare, and the Heartfulness Institute.
The MoUs to were signed with an aim to bring new dimensions in the working culture and generate
systematic evidences
Unveiling of the statue of Padma Vibhushan Vaidya Brihaspati Dev Triguna:
During the event, AYUSH Minister Sarbananda Sonowal unveiled the statue of the Ayurveda practitioner late
Padma Vibhushan Awardee Vaidya Brihaspati Dev Triguna at the Vaidya Brihaspati Dev Triguna Auditorium
in AIIA.
About Vaidya Brihaspati Dev Triguna:
i.He was born into a Vedic Pundit family of Punjab in 1920.
ii.He learned Ayurveda at Rajvaidya Pandit Gokul Chand Ji’s Gurukul (an Ayurvedic teaching institution) in
Ludhiana, Punjab.
iii.He was famous for pulse diagnosis(Nadi vaidyam).
iv.He was the honorary physician to the President of India.
Padma awards:
He received Padma Bhushan award in 1992 and Padma Vibhushan in 2003 in the field of medicine.
Other Highlights:
During his address, AYUSH Minister informed that Ministry of Housing and Urban Development has allotted 12
Acres land for expansion of AIIA. This supports AIIA’s effort to upgrade services for Holistic Healthcare.
Various technical documents, including COVID dairy were released during the event.
Additional Info:
At present there is a Manuscript Unit at National Institute of Ayurveda in Jaipur, Rajasthan.
About All India Institute of Ayurveda(AIIA):
i.It is a Autonomus institution function under the Ministry of Ayush.
ii.It works for the promotion and advancement of the knowledge and practice of Ayurveda.
Director – Tanuja Nesari
Headquarters – New Delhi, Delhi
Established in – 2017
One Nation, One Election Website Launched during HLC’s second meeting
High-Level Committee (HLC) on One Nation, One Election(ONOE) under the chairmanship of Former
President Ram Nath Kovind held its 2nd meeting in New Delhi, Delhi on 25th October 2023.
Indian Oil Corporation Launches India’s 1st Gasoline & Diesel Reference Fuels
Union Minister Hardeep Singh Puri, Ministry of Petroleum and Natural Gas (MoPNG) launched
India’s 1st Reference Gasoline and Diesel Fuels produced by Indian Oil Corporation Limited (IOCL).
With this launch, India joined the elite group of nations with domestic production of ‘Reference’ Petrol
and Diesel and IOCL becomes the 4th refiner in the world to produce ‘reference’ grade petrol and
diesel.
IOCL’s Paradip refinery (Odisha) will produce ‘reference’ grade petrol; IOCL’s Panipat Refinery
(Haryana) will produce ‘reference’ quality diesel.
Note: The production of ‘reference’ fuel is another step towards Aatmanirbhar Bharat (self-reliant India).
Key People:
Pankaj Jain, Secretary, MoPNG; and S.M. Vaidya, Chairperson, IOCL were also present at the event.
About IOCL’s Reference fuels:
i.Reference Gasoline fuels will be available in E0, E5, E10, E20, E85, E100 from the Paradip Refinery
Union Defence Minister Rajnath Singh Inaugurated 1st Indian Military Heritage Festival 2023
in New Delhi
On 21st October 2023, Union Minister Rajnath Singh, Ministry of Defence(MoD), inaugurated the first edition
of Indian Military Heritage Festival (2023) at the Manekshaw Centre in New Delhi, Delhi.
• The festival, organized by the United Service Institution of India (USI) – Centre for Military History &
Conflict Studies (CMHCS), was held from 21st to 22nd October 2023.
• The 2-day festival celebrated the rich military culture and heritage of India through conversations,
art, dance, drama, story-telling and exhibitions.
• The festival focused on India’s rich military heritage and traditions; Security & Strategy; and
Atmanirbhar Bharat, in the defence and military domains.
Note: The Indian Military Heritage Festival was launched as a key annual event during India’s G-20 presidency
in 2022-2023.
Highlights:
i.During the festival, a MILFEST was organized for military ecosystem as a platform for discussing a
contemporary issues relating to India and the world focusing on Security, Strategy and International Relations.
ii.On the other hand, USI Atmanirbhar Bharat Initiative (ANBI) provided a platform to designers, developers,
manufacturers and security forces to share ideas for indigenization and self-reliance in defence technology.
Key Points:
i.The event brought together wide range of participants, encompassing Indian and international corporations,
public sector enterprises, non-profit groups, think tanks, and wealthy individuals, encouraging the exchange of
ideas and discussions.
ii.It featured military band performances, a Cultural Gala Evening, and an exhibition showcasing key milestones
in India’s military history.
• The exhibition was organized in collaboration with the Indian Institute of Heritage, Ministry of
Culture,
MoD Rajnath Singh launches Army’s Project Udbhav
During the festival, Union Defence Minister Rajnath Singh launched the Project Udbhav to promote the
indigenous discourse through the integration of ancient strategic acumen into the military domain.
• Project Udbhav is a joint collaboration of Indian Army (IA) and USI.
• The initiative aims to integrate age-old wisdom with contemporary military pedagogy
Note: The term Udbhav translates to Origin or Genesis, which embodies the Indian Army’s efforts to revisit
the roots of India’s military thoughts.
Key Points:
i.This project is on the lines of efforts by the Central government to encourage “Indianization” in areas
including education, health and science.
ii.It envisgaes to learn statecraft, strategy, diplomacy, and warfare from ancient Indian texts like Chanakya’s
Arthashastra, Kamandaka’s Nitisara, and Thiruvalluvar’s Thirukkural.
iii.It will also highlight prominent military campaigns and leaders like empires of Chandragupta Maurya,
Ashoka, Cholas, Chhatrapati Shivaji and Maharaja Ranjit Singh.
iv.It aims to be the hub for India’s strategic advancements.
GMIS 2023: PM Modi Inaugurates the 3rd Edition and Unveils ‘Amrit Kaal Vision 2047
Prime Minister Narendra Modi virtually inaugurated the 3rd edition of the Global Maritime India
Summit (GMIS) 2023 held form October 17 to 19, 2023 at the MMRDA Grounds in Mumbai.
During the event, the Prime Minister unveiled “Amrit Kaal Vision
2047—blueprint for Indian Maritime blue economy.” This
visionary blueprint sets the stage for various maritime projects
worth over Rs 23,000 crores.
Hosted by: Ministry of Ports, Shipping, and Waterways and draws
participants from over 70 countries.
Organisers
• Ministry of Ports, Shipping and Waterways
• Indian Ports Association
• Federation of Indian Chambers of Commerce and Industry (FICCI)
Key Points:
i.PM Modi laid the foundation for multiple projects, aiming to unlock ₹80 lakh crores of investment for
maritime sector development.
ii.PM Modi underlined the government’s vision of ‘Ports for Prosperity and Ports for Progress.’ He
emphasized the concept of ‘Ports for Productivity‘ and highlighted the efforts to make the logistics sector
more efficient, modernize coastal shipping modes, and strengthen India’s coastal infrastructure through
the SagarMala Project.
iii.PM Modi mentioned the world’s longest river cruise service, international cruise terminals in Mumbai,
Visakhapatnam, and Chennai, and the construction of a National Maritime Heritage Complex in Lothal near
Mumbai.
iv.Union Minister Piyush Goyal acknowledged the efforts to enhance India’s EXIM trade capacity, resulting in
over $450 billion of trade in 2022-23.
v.Sarbananda Sonowal held bilateral meetings with ministers from Italy, Tanzania, and Sri Lanka, focusing on
enhancing maritime cooperation.
Home Minister Amit Shah inaugurates India’s 1st Nano DAP plant at Kalol in Gandhinagar,
Gujarat
On October 24, 2023, India‘s first Nano Di-Ammonia Phosphate (DAP–Liquid) plant was inaugurated by the
Union Minister Amit Shah, Ministry of Home Affairs (MHA) at Kalol in Gandhinagar, Gujarat.
It was set up by Indian Farmers Fertilizer Cooperative Limited (IFFCO) at a cost of Rs 300 crore.
The development of plant is on the lines of Aatmnirbhar Bharat vision of Prime Minister (PM) Narendra
Modi.
Note: This is the second IFFCO plant in Gujarat. In May 2022, PM inaugurated IFFCO’s world’s first Nano Urea
Liquid in Kalol.
Key Points:
i.The plant will produce 42 lakh bottles of green technology Nano DAP.
FESTIVAL
Kati Bihu Celebrated Across Assam – 18th October 2023
Kati Bihu, also known as Kongali bihu, is the annual Assamese festival celebrated on the first day of
the Kati Month in the Assamese calendar, usually coincides with the mid-October.
• Kati Bihu is celebrated during the time of relocation of the rice sapling which is observed with
great enthusiasm and fervor.
The 2023 Kati Bihu was celebrated on 18th October 2023.
• The 2022 Kati Bihu was celebrated on 18th Octobet 2022 and the 2024 Kati Bihu will be celebrated
on 17th October 2024.
Significance of Kati Bihu:
i.The name Kati Bihu comes from the Assamese word “kati”, which means “to cut.”
ii.The word Kongali also means ‘poor’ which signifies the lack of food during the period and conveys a sense of
simplicity.
iii.To celebrate the Kati Bihu, the people of Assam will light up the lamps outside their homes as well as in
paddy fields in the evening praying for a better crop in the next season.
Assam’s Bihu:
Bihu is a set of 3 important cultural festivals of Assam.
OTHER NEWS
Israel-Hamas war: India launched ‘Operation Ajay’ to evacuate Indian nationals from Israel
On 11 October 2023, the Ministry of External Affairs (MEA), Government of India (GoI) launched ‘Operation
Ajay’, a repatriation operation, to bring back Indian citizens from Israel amid the ongoing 2023 Israel–Hamas
War.
• This operation aims to assist Indian citizens in Israel who wish to return to India.
Background:
i.2023 Israel-Hamas War is the conflict between Israel and Palestinian militant groups led by Hamas
ii.The conflict started on 7th October 2023 when the Gaza-based Hamas militants invaded Israel from the Gaza
Strip.
iii.The operation Ajay was launched after Air India and other airlines suspended all its commercial operations
to and from Israel as the war began on October 7.
Note: According to estimates, around 18,000 Indians (including students and caregivers) are currently residing
in Israel.
Operation Ajay:
i.To facilitate the operation, special charter flights have been organized to transport Indian citizens from Israel
to India.
iii.The Indian Embassy has emailed the first batch of registered Indian citizens, marking the beginning of the
repatriation process. Messages for these subsequent flights will be sent out in due course.
Proactive measures:
i.Prior to launching ‘Operation Ajay,’ MEA established a 24-hour control room to help monitor the situation and
provide information and assistance.
ii.The control rooms will assess the number of Indian nationals in Israel and Palestine, their current location,
and their willingness to move out of those places.
Dedicated Helplines:
i.The Indian Embassy in Tel Aviv (Israel) set up a 24-hour emergency helpline.
ii.India’s Representative Office in Ramallah (Palestine) also set up a 24-hour emergency helpline.
iii.The embassy also reminded Indian nationals in Israel to register with the embassy at the
link: https://indembassyisrael.gov.in/whats?id=dwjwb.
Other Evacuation Processes of India:
Operation Kaveri (2023):
It is a rescue operation launched by the GoI on April 24, 2023, in response to the crisis in Sudan to evacuate
Indian citizens who are stranded in Sudan.
Operation Dost (2023):
i.It was launched to bring back stranded Indian citizens following the massive earthquake that hit Türkiye and
Syria on February 6, 2023.
ii.It was launched to provide necessary support in terms of search and rescue (SAR) efforts as well as medical
Bhopal’s Mahila Thana became India’s 1st Women-centric Police Station to get ISO 9001:2015
Certification
The Mahila thana (women’s police station) of Bhopal (Madhya Pradesh) became the first women-centric
police station across the entire India to be certified with the International Organization for Standardization
(ISO) 9001:2015 certificate.
• The ISO certificate is issued for 3 years.
• With this certification, Mahila Thana has become the 2nd ISO-certified police station in Bhopal. In May
2023, Misrod police station became the first ISO 9001:2015 certified police station of Bhopal.
Key People:
Hemlata Sharma, Director of Infinity Certification Services presented the certificate to Harinarayan Chari
Mishra, Commissioner of Police (CP) of Bhopal. Senior police official Anurag Sharma, Additional Commissioner
of Police (ACP), Bhopal was also present on the occasion.
Features of ISO-Certified Bhopal’s Mahila thana:
i.Upgrades were implemented, including the provision of separate rooms and dedicated computer systems for
the investigating officers and staff, minimizing potential risks during meetings and operations.
ii.Closed Circuit Television (CCTV) cameras were installed throughout the premises of the Police station.
iii.The station was redesigned to be more ‘victim friendly’. A swing house has been set up for children and more
Kerala Becomes the First State to Have Hallmarking Centres in All Districts
Kerala has become the first state in India to have hallmarking centers in all of its 14 districts. This was
achieved after the inauguration of a hallmarking center in Adimali, Idukki district, Kerala.
This will make Kerala a hub of gold business and strengthen its claim to being the most reliable market
in India.
Kerala Gold Business:
i.The gold business in Kerala is worth more than Rs 1 lakh crore
with annual sales of around 250 tonnes.
ii.In Kerala, there are about 12,000 gold merchants and majority
of them are holding Bureau of Indian Standards (BIS)
registration.
Hallmarking:
i.Hallmarking is a system of certifying the purity of gold and
silver jewellery/artefacts in India.
ii.The hallmarking system is administered by the BIS, which is
the National Standard Body of India established under ‘Bureau of Indian Standards (BIS) Act 2016’.
iii.The hallmark will contain the purity of the metal, the name of the assaying and hallmarking center, and a
unique identification number.
BIS hallmarking is voluntary for gold jewellery below 2 grams in weight, but it is compulsory for all gold
jewellery above 2 grams in weight.
HUID number:
i.Intoduced in 2021, Hallmark Unique Identification (HUID) number is a six digit Alphanumeric code.
ii.HUID will be given to every piece of jewellery at the time of hallmarking and it is unique for every piece of
jewellery.
iii.The jewellery is stamped with the unique number manually at the Assaying & Hallmarking centre.
iv.Consumers can use the HUID to track their jewellery online and verify its purity.
DEA hikes interest rate on 5-year Recurring Deposit Scheme to 6.7% for Q3FY24
The Department of Economic Affairs (DEA-Budget Division), Ministry of Finance, has increased the
interest rate on the 5-year recurring deposit scheme by 20 basis points to 6.7% from 6.5% for the 3rd
quarter (October-December) of 2023-2024 i.e. Q3FY24.
• The rates of other small savings schemes remained unchanged.
BIAL sets up South Asia’s 1st Aircraft Recovery Training School in BLR Airport
Bangalore International Airport Limited (BIAL) has established South Asia’s first Aircraft Recovery Training
School (ARTS) on the premises of Kempegowda International Airport Bengaluru (KIAB/BLR Airport) in
Bengaluru, Karnataka.
• BIAL formed a strategic partnership with KUNZ GmbH Aircraft Equipment, Germany.
• BIAL is the first airport in India to acquire Code F compatible aircraft recovery equipment and
assemble a proficient team of recovery managers.
About Aircraft Recovery Training School (ARTS):
i.ARTS provides aircraft recovery hands-on training, equipped with state-of-the-art Disabled Aircraft
Recovery Equipment (DARE).
ii.The goal of the program is to elevate operational efficiency and prioritize passenger safety.
• The training will equip aviation professionals with the necessary skills and knowledge needed to
respond the challenging situations.
GI Tags Awarded to Eight Products from Arunachal Pradesh, Tamil Nadu, Jammu and Kashmir,
Odisha, and Goa
The Geographical Indications Registry, operating under the Ministry of Commerce and Industry in Chennai, has
recently awarded geographical indication (GI) tags to a collective of 8 distinct products. Among these, 3
originate from Arunachal Pradesh, 1 from Tamil Nadu, 2 from Jammu and Kashmir, 1 from Odisha, and 1 from
Goa.
GI Tagged products are:
State GI Product Goods
Arunachal Pradesh Arunachal Pradesh Yak Churpi Food Stuffs
Ministry of Culture Organizes Curtain Raiser and logo launch event for IAADB
The Ministry of Culture organised curtain raiser event for the inaugural India Art Architecture Design
Biennale (IAADB 2023) at the National Gallery of Modern Art, New Delhi, Delhi.
• The logo of the biennale was also launched during the event.
• The IAADB 2023 is set to be held from 9th to 15th December 2023, at Red Fort, with events
scheduled in Delhi, Mumbai (Maharashtra) and Bengaluru (Karnataka).
Key People:
The Minister of State (MoS) Meenakashi Lekhi, Ministry of Culture addressed the event while Union Minister
Gangapuram Kishan Reddy, Ministry of Culture attended the event through Video Conference.
Aim of Biennale:
To bring traditional grassroots artists and contemporary designers, curators, architects, and thought leaders to
the forefront, transcending age, gender, and genre boundaries
Key Points:
i.IAADB will serve as a precursor to India’s participation in the Venice Biennale 2024, promoting dialogue
among art, architecture, and design professionals.
ii.The Biennale aligns with the vision of the Prime Minister and will mark the launch of the Development of
Cultural Spaces project at the Red Fort, Delhi.
Railway’s IRCON & RITES Becomes 15th & 16th ‘Navratna CPSE’
The Department of public Enterprise(DPE) under the Ministry of Finance have been granted Navratna status to
two Central Public Sector Enterprises (CPSEs) namely Ircon International Limited (IRCON) and RITES
Limited (RITES) under the Ministry of Railways(MoR).
IRCON and RITES Limited:
i.IRCON International Limited is a specialized construction company that covers the entire range of
construction activities and services in the infrastructure sector. It is now the 15th company to be granted
Navratna status.
ii.RITES Limited which is a multidisciplinary engineering and consultancy organization is the 16th Navratna
amongst CPSEs.
• RITES Limited is entering its 50th year of incorporation (2024).
• It is also the first Public sector undertakings (PSU) of Railway followed by IRCON at second.
• Both these companies were listed previously on Miniratna I CPSEs.
About Navratna Scheme:
i.The Navratna scheme was launched in 1997 to identify and support CPSEs with comparative advantages in
becoming global giants.
ii.The boards of Navratna CPSEs have been granted delegated powers in areas such as capital expenditure,
investment in joint ventures (JVs)/subsidiaries, and human resources management.
iii.These CPSEs are given greater autonomy and flexibility in their operations, in order to improve their
performance and competitiveness.
Criteria:
i.The criteria for conferring Navratna status entail that Miniratna Category – I and Schedule ‘A’ CPSEs must
have achieved an ‘excellent’ or ‘very good’ rating under the Memorandum of Understanding system in at least
three of the last five years.
ii.Additionally, they should attain a composite score of 60 or higher in six specific performance parameters,
which include:
• Net profit to net worth.
• Manpower cost to total cost of production/services.
• Profit before depreciation, interest, and taxes to capital employed.
• Profit before interest and taxes to turnover.
• Earnings per share.
• Inter-sectoral performance.
iii..The CPSE should have 4 independent Board Directors.
iv.Granting the navratna status enhances financial autonomy to invest up to 1000 crores without any approval
from the central government.
• To establish financial joint ventures and wholly owned subsidiaries in India or abroad with the
stipulation that the equity investment of the CPSE should be limited to the following:-
1. Rs 1000 crore in any one project
2. 15 % of the net worth of the CPSE in one project
3. 30 % of the net worth of the CPSE in all joint ventures/subsidiaries put together.
List of Total Navratna Companies 2023:
S.No Navratna Companies
1 Bharat Electronics Limited
2 Rashtriya Chemicals & Fertilizers Limited
3 Engineers India Limited
BIS Approves India’s First-ever Indigenous AC & DC Combined Charging Connector Standard
for LEVs
The Bureau of Indian Standards (BIS), the National Standard Body of India, has approved IS17017 (Part 2 /
Sec 7): 2023, India’s first-ever indigenously developed Alternating Current (AC) and Direct Current (DC)
Combined Charging connector standard for Light Electric Vehicles (LEVs).
• It is also the world’s 1st charging standard that combines AC and DC charging for small EVs, such as
electric scooters, motorcycles, three-wheelers, and quadricycles, and is designed and engineered in
India.
• The new standard is based on Ather Energy’s charging connector.
Collaboration:
This new standard was developed through a collaborative effort between the National Institution for
Transforming India (NITI) Aayog, the Department of Science and Technology(DST), the Automotive Research
Association of India (ARAI), several EV makers like Ather, Hero, Ola Electric, and BIS.
Tripura Launches “Yuba Tripura, Natun Tripura, Atmanirbhar Tripura” to Encourage Youth
Entrepreneurship
Tripura Chief Minister(CM) Manik Saha launched “Yuba Tripura, Natun Tripura, Atmanirbhar Tripura”, an
initiative of the Tripura Industries Development Corporation Limited (TIDCL) to encourage youth to set up
industrial and business units.
Rajasthan Govt Announces 3 New Districts Malpura, Sujangarh, and Kuchaman City in
Rajasthan
Rajasthan Chief Minister (CM), Ashok Gehlot, announced the formation of 3 new districts: Malpura,
Sujangarh, and Kuchaman City in Rajasthan during the Gau Seva Sammelan in Jaipur, Rajasthan.
• The decision to establish these new districts was based on both public demand and
recommendations provided by a high-level committee.
• With the addition of the 3 districts, the total number of districts in Rajasthan has now reached 53.
Note: Previously in March 2023, Ashok Gehlot-led Rajasthan government formed 19 new districts and 3 new
divisional headquarters in Rajasthan.
Objective:
i.This move aims to enhance administrative efficiency while law and order will be strengthened.
ii.It brings government services closer to the people of these regions. This move is assured to have a positive
impact on the lives of local citizens.
3 New Districts:
i.Kuchaman City was included in the 19 districts announced in March 2023 named Deedwana-Kuchaman.
• Formerly a part of Nagaur, the region of Deedwana-Kuchaman has been designated as a new district.
• Now Kuchaman City has been established as a separate district.
ii.Sujangarh, currently within Churu district and Malpura, within Tonk district, are also set to become new
districts.
iii.The demarcation and establishment of these new districts will be a collaborative effort between the
Ramlubhaya Committee, which recommended their formation, and the revenue department.
• Ramlubhaya Committee was constituted on 21st March 2022 to study the feasibility of new districts.
Recent related News:
On 27th – 28th July 2023, Prime Minister(PM) of India, Narendra Modi was on a two-day visit to Rajasthan and
Gujarat to inaugurate and launch various new initiatives and events.
About Rajasthan:
CM– Ashok Gehlot
Governor– Kalraj Mishra
Airports– Jodhpur Airport and Jaisalmer Airport
TN Govt Announces a New Samadhan Scheme for Traders to Settle Commercial Tax Dues of Rs.
25,000 Crore
Tamil Nadu (TN) government announced a new Tax Arrears Conciliation Scheme (Samadhan scheme) with
waivers and concessions aimed at facilitating the settlement of the pending tax dues of about Rs.25,000 crore,
of which a majority are under the erstwhile Tamil Nadu Value Added Tax (VAT) and other legacy tax
legislations.
• This initiative aims to address and resolve long-standing issues related to pending tax arrears,
disputes, and appeals that have persisted between traders and the State Commercial Tax
Department.
• The scheme will be in force between October 16, 2023, and February 15, 2024.
Payment options:
i.The government has come out with different payment options for five categories of traders, depending on
the size of their dues.
• Below Rs 50,000
• Between Rs 50,000 and Rs 10 lakh
• Between Rs 10 lakh and Rs 1 crore
• Between Rs 1 crore and Rs 10 crore
• Above Rs 10 crore.
ii.As per the scheme, traders whose dues are below Rs 50,000, including taxes, interest, and penalty, are eligible
for a complete waiver, and this is for every assessment year.
• This is the first time in Tamil Nadu that the taxes to be paid by small traders are fully waived.
• A total of 95,502 small traders will benefit from the scheme.
iii.Traders whose dues are between Rs.50,000 and Rs.10 lakh need to pay a flat 20% of their dues in a single
installment.
• Those who have accepted the tax assessment could pay 66% of their dues, 10% interest, and 10%
penalty.
MeitY Inaugurated UP’s 1st RPA Lab under FutureSkill PRIME Project in NIELIT Gorakhpur
On 16th October 2023, S Krishnan, Secretary of the Ministry of Electronics and Information Technology
(MeitY), inaugurated the Robotic Process Automation (RPA) Lab in National Institute of Electronics and
Information Technology (NIELIT), Gorakhpur in Uttar Pradesh (UP).
• This is the First-of-its-kind lab in UP was built under the Future Skill PRIME Project funded by
MeitY to bridge the gap between Industry and Academia.
• The lab was inaugurated during the 26th All India Director’s Meet of NIELIT. The meet witnessed
the participation of Directors from 49 NIELIT Centres across the India.
Objective: To upskill/reskill manpower in emerging technology of RPA.
MoU & EoI signed during the event:
• Prof Poonam Tandon, Vice-Chancellor , Deen Dayal Upadhyay Gorakhpur University and Dr M M
Tripathi, Director General, NIELIT signed a Memorandum of Understanding (MoU) to organise
employment-oriented courses and training in future skill technology in Gorakhpur region.
Anuj Malik, CEO of Gorakhpur Industrial Development Authority (GIDA) shared an Expression of Interest (EOI)
with Dr D K Mishra, Director, NIELIT Gorakhpur, to set up a Skill Centre of NIELIT in GIDA. With this, GIDA
will offer a built-up space and land, free of cost for 5 years and NIELIT wil establish state-of-art facility that will
focus on advancement of technical education, skill development, and employment opportunities in the region.
Kasaragod Becomes 1st District in India to Declare Official Tree, Flower, Bird, Species
The Kasaragod district of Kerala became the first district in India to officially designate its official tree, flower,
bird and species showcasing its rich biodiversity and natural heritage.
• The Kasaragod district panchayat along with the state
Biodiversity Management Committee made the
declaration, and seeks its formalization by the Kerala
State Biodiversity Board.
• The endangered species were declared as district’s
species in order to strengthen the conservation
activities.
Aim behind this declaration:
To safeguard these species, promote their growth, and raise public
awareness
The Officials:
Tree:
The district’s official tree is ‘Kanjiram‘ (Strychnos nux-vomica Linn), named after ‘kasara’, meaning
wormwood, which is the origin of the district’s name.” It is often referred to as poison nut tree, and is used for
medicinal purposes.
Flower:
The district’s flower, ‘Periya Polathali‘ (Malabar river lily), was declared as its official flower. Discovered in
2012, these white and red flowers grow near the red sand hills of Kasargod. The flower is endangered, and
conservation efforts have been started by the International Union for Conservation of Nature (IUCN).
Bird:
‘Vellavayaran Kadal Paranthu‘ (White-bellied sea eagle, Haliaeetus leucogaster) is declared as the district’s
bird. It is seen in a 150 kilometre stretch from Mahe to Manjeshwar.
• It is included in schedule one of the Wildlife Protection Act, 1972.
• Schedule I covers endangered species that need rigorous protection. ·
Creature:
“Palappoovan Aamma”, also known as Beeman Aamma (Cantor’s Giant Softshell Turtle), was declared the
district’s creature. Endangered species’ eggs were found in 2019. It has a soft shell, weighs up to 100 kilograms,
and rarely leaves the water.”
It is listed on the Red List of Endangered Freshwater Turtles and relies on estuaries for laying eggs, making its
conservation particularly critical.
Baiga Tribe Becomes the 2nd Tribe to Get Habitat Rights in Chhattisgarh
Baiga, classified as the Particularly Vulnerable Tribal Group (PVTG), in Chhattisgarh has received
the Habitat rights under the Forest Rights Act(FRA) 2006. With this Baiga has become the 2nd tribal
group after Kamar to get habitat rights in Chhattisgarh.
Note: On August 9, 2023, during the occasion of World Tribal Day,
the Chhattisgarh government granted habitat rights to the Kamar
PVTG in 22 villages of the Magarlod block of the Dhamtari district.
Key Points:
i.The habitat rights has recognised 19 villages/para/tola of Baiga
community in Gaurela block in Gaurela-Pendra-Marwahi (GPM).
ii.The villages cover 2,085 families with a population of 6,483
individuals (3272 males and 3210 females).
These villages received the rights in a special event
organised by the district administration of GPM.
iii.The Baiga community, primarily inhabits various districts in Chhattisgarh, such as Rajnandgaon, Kawardha,
Mungeli, GPM, Manendra-Bharatpur-Chirmiri, and Bilaspur.
They also have a presence in the surrounding regions of Madhya Pradesh.
Habitat rights:
Habitat rights are given to PVTGs under section 3(1) (e) [rights including community tenures of habitat and
habitation for primitive tribal groups and pre-agricultural communities] of The Scheduled Tribes and Other
Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 also known as the FRA.
Benefits:
i.Habitat rights recognition is a powerful tool for promoting social justice, preserving cultural heritage, and
fostering sustainable environmental practices.
ii.Recognition of habitat rights empowers communities to uphold their age-old traditions and lifestyle without
external interference.
iii.By enabling the convergence of various government initiatives, habitat rights empower PVTGs to actively
participate in the development and management of their habitats.
Point to note:
According to Section 2(h) of FRA, “Habitat” includes the area comprising the customary habitat and other
habitats in reserved forests and protected forests of primitive tribal groups and pre-agricultural communities,
as well as other forest-dwelling Scheduled Tribes.
PVTGs in India:
i.The Ministry of Tribal Affairs (MoTA) designates specific tribal communities as PVTGs based on certain
criteria.
ii.These groups typically exhibit technological backwardness, limited population growth, low literacy rates, and
subsistence-level economies.
iii.They often inhabit remote, isolated areas in small, scattered hamlets. As of now, 75 PVTGs have been
identified across 18 states and one Union Territory based on the recommendations of the Dhebar Commission
(1960-61).
Out of 75 PVTGs in India, only 3 have habitat rights.
The Bharia PVTG in Madhya Pradesh was the first, followed by the Kamar tribe and the Baiga tribe in
Chhattisgarh.
MoS Rajeev Chandrasekhar Launched Project “Heartland Tripura” to Boost Employment for
Students
Union Minister of State(MoS) Rajeev Chandrasekhar, Ministry of Skill Development & Entrepreneurship and
Electronics & Information Technology(IT) launched a project named “Heartland Tripura” to enhance the
employability and skills of the youth of Tripura.
This project was launched in partnership with Deloitte India and the National Institute of Electronics and
Information Technology (NIELIT), Agartala(Tripura)and they signed agreement in the inaugural ceremony.
· NIELIT (Agartala) provide skill development certification courses through the project “Heartland
Tripura which enhances career and personal development opportunities for undergraduate
students in both engineering and non-engineering fields.
· The certification courses offered in cyber security, internal audit, analytics, and softer skills around
business communication, executive presence, and grooming amongst others.
· Deloitte will develop an industry readiness curriculum, drive National Council for Vocational
Education and Training(NCVET)-based certification, provide trainer access through its
professionals, and giude colleges to hold placement fairs.
· The project also intends to identify target organisations for placements and to create an advocacy
network for companies to hire from Tripura colleges.
GOVT SCHEMES
CENTRAL GOVT SCHEMES
National Health Authority Organizes ‘Arogya Manthan 2023’ to Celebrate Anniversaries of AB
PM-JAY and ABDM
The National Health Authority (NHA) hosted the two-day Arogya Manthan event on September 25th and 26th,
2023, at Vigyan Bhawan, New Delhi. The event saw the anniversary celebrations of 5 Years of Ayushman Bharat
Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) and 2 Years of Ayushman Bharat Digital Mission (ABDM).
Digital health records linked with ABHA per lakh Highest Andhra Pradesh
population (State) 2nd Highest Karnataka
Highest New Delhi
Digital health records linked with ABHA per lakh Visakhapatnam, Eluru distrct,
population (District) 2nd Highest Andhra Pradesh
Highest Uttar Pradesh
HP CM Launched Sukh Ashraya Yojana for Orphans and Other Vulnerable Sections of Society
Himachal Pradesh Chief Minister (CM) Sukhvinder Singh Sukhu launched the
‘Mukhyamantri Sukh Ashraya Yojana’ at the Ridge in Shimla (Himachal Pradesh) to provide comprehensive
support to orphans, specially-abled children, destitute women, and elderly individuals in Himachal Pradesh.
• With this scheme, Himachal Pradesh became the first state in India to enact a law aimed at
supporting orphan children and other vulnerable sections of society.
• The Himachal government decided to adopt the orphans, the specially-abled children as the
‘Children of the State’ and work for their upliftment and well-being, including parental care.
Financial Assistance of the scheme:
i.Financial benefits worth Rs 4.68 crore were distributed to eligible children which includes Rs. 15.52 lakh for
fees and other hostel expenses, along with Rs. 11.52 lakh as monthly expenses benefiting 48 orphaned children
for pursuing higher education.
• Apart from this, Rs. 7.02 lakh for fees and Rs. 4.08 lakh for monthly expenses were also distributed
to 17 orphaned children enrolled in a few professional courses.
• Rs 6 lakh was allocated to 3 beneficiaries for the establishment of small and micro-industries.
ii.Financial benefits amounting to Rs. 2.65 crore were transferred to the bank accounts of 1,106 beneficiaries
through foster care and sponsorship.
iii.For the construction of a house, the landless orphaned children will be provided financial assistance of Rs 3
lakh and additionally three biswa of land in the rural areas and two biswa in urban areas.
iv.Monthly financial assistance of Rs 4,000 for approximately 2,700 newly identified orphans (until the age of
27 years) living with relatives.
Other Assistance:
• Provision of apparel allowances, festival grants, and marriage grants.
• Support for higher education and self-employment opportunities.
• 30 meritorious 12th-grade students from Child Care Institutes, who had excelled in 10th class, were
provided laptops, with 268 more to receive them in the second phase.
• The scheme also incorporates an annual 15-day educational tour annually for the orphan children
including stays in three-star hotels, fully funded by the government.
About Himachal Pradesh:
Chief Minister– Sukhvinder Singh Sukhu
Governor– Shiv Pratap Shukla
Stadium– Himachal Pradesh Cricket Association Stadium (HPCA Stadium- Outdoor) and The Indira Gandhi
Stadium (Outdoor)
Odisha CM Naveen Patnaik launched LAccMI bus service scheme in Malkangiri district
Odisha Chief Minister(CM) Naveen Patnaik launched the Location Accessible Multimodal
Initiative (LAccMI) Yojana in Malkangiri district of Odisha. The LAccMI scheme aims to offer reliable and
affordable public transit (bus service) throughout Odisha, with a focus on rural areas.
• LAccMI is a public transportation system connecting gram panchayats to Bhuvaneshwar, the capital of
Odisha.
INTERNATIONAL AFFAIRS
WHO recommends R21/Matrix-M, Malaria vaccine by Oxford & Serum Institute
World Health Organization(WHO) has recommended R21/Matrix-M, the new malaria vaccine developed by
Jenner Institute at Oxford University(the United Kingdom -UK) and Serum Institute of India (SII) Private
Limited leveraging Novavax’s adjuvant technology, for the prevention of malaria in children.
• The vaccine was developed with the support of the European and Developing Countries Clinical
Trials Partnership (EDCTP), the Wellcome Trust, and the European Investment Bank (EIB)
Sri Lanka took over as Chair of Indian Ocean Rim Association; India as Vice Chair
On October 11, 2023, Sri Lanka took over as Chair of Indian Ocean Rim Association (IORA) for the
period 2023 to 2025 during the 23rd Council of Ministers’ (COM) meeting of the Indian Ocean Rim Association
(IORA) held in Colombo, Sri Lanka on 11 October 2023.
• Sri Lanka took over from the People’s Republic of Bangladesh, the current Chair of IORA (2021 to 2023).
• Sri Lanka’s Foreign Minister Ali Sabry will chair the Council, the highest decision-making body of the
IORA.
CCI Secured its 1st Membership in the International Competition Network’s Steering Group for 2 Years
The Competition Commission of India (CCI) secures membership in the International Competition Network
(ICN) Steering Group at the 22nd Annual Conference of the ICN, hosted by the Spanish National Markets and
Competition Commission (CNMC) in Barcelona, Spain from 18 to 20 October 2023.
This is the 1st time that CCI has become a member of the ICN’s apex body, a Steering Group and the
membership is for 2 years.
With more than 140 member competition agencies, ICN operates under the guidance of its Steering
Group, comprised of 18 esteemed members worldwide.
International Competition Network (ICN):
i.ICN functions as a virtual international organization, comprising global competition authorities.
ii.ICN’s work primarily occurs through project-oriented Working Groups, fostering collaboration through
various mediums such as teleconferences, teleseminars, and webinars.
iii.Through dynamic dialogue, the ICN platform facilitates the convergence towards robust competition policy
principles across the global antitrust community.
Steering Group of ICN:
i.The Steering Group of ICN is composed of representatives of ICN member agencies and the 18 members
Steering Group serve renewable two-year terms.
ii.Steering Group members are confirmed by consensus of ICN Members in odd-numbered years at the ICN
annual conference.
About International Competition Network (ICN):
Founded in– 2001
Chair of ICN Steering Group– Andreas Mundt (President, Germany Federal Cartel Office)
Member Agencies– 143 Members
Her Excellency Dr. Samia Suluhu Hassan, President of the United Republic of Tanzania’s State
Visit to India, October 8-10, 2023
President Samia Suluhu Hassan of Tanzania visited India at invitation of President Droupadi Murmu from
October 8-10, 2023. The events took place at Kaushal Bhawan,New Moti Bagh in New Delhi,Delhi. She was
accompanied by a high-level delegation including the Minister for Foreign Affairs and East African Cooperation
Hon. January Makamba (MP).
• She also attended the India-Tanzania Business and Investment Forum on October 10, 2023.
• The two countries inked six agreements providing for cooperation in the digital domain, culture,
sports, maritime industries and white shipping information sharing.
India and Tanzania Sign 6 MoUs
The two leaders elevated the Indo-Tanzania relationship to a ‘Strategic Partnership,’ focusing on areas such as
maritime security, defense cooperation, development partnership, and trade and investment.
MoUs and Agreements exchanged:
Representative from Representative from
S.No. Name of MoU/Agreement Tanzanian side Indian side
Memorandum of Understanding between the Ministry
of Electronics and Information Technology of the
Republic of India and the Ministry of Information, H.E. Nape M. Nnauye,
Communication and Information Technology of the Minister for Information,
United Republic of Tanzania on cooperation in the field Communication and Dr. S. Jaishankar,
of sharing successful digital solutions implemented at Information Technology Minister of External
population scale for digital transformation of Tanzania Affairs of India
H.E. Mr. January Y.
Technical Agreement between The Indian Navy of the Makamba,
Republic of India and Tanzania Shipping Agencies Minister for Foreign Dr. S. Jaishankar,
Corporation of the United Republic of Tanzania on Affairs and East African Minister of External
2 Sharing White Shipping Information Cooperation of Tanzania Affairs of India
Cultural Exchange Programme between the H.E. January Y. Makamba,
Government of the Republic of India and the Minister for Foreign Dr. S. Jaishankar,
Government of the United Republic of Tanzania Affairs and East African Minister of External
3 for the Years 2023-2027 Cooperation of Tanzania Affairs of India
H.E. Mr. January Y.
Makamba,
Memorandum of Understanding (MoU) between Minister for Foreign Dr. S. Jaishankar,
National Sports Council of Tanzania and Sports Affairs and East African Minister of External
4 Authority of India on cooperation in the field of sports Cooperation of Tanzania Affairs of India
MoU between Jawaharlal Nehru Port Authority under H.E. Prof. Kitila A. Dr. S. Jaishankar,
Ministry of Ports, Shipping and Waterways of the Mkumbo, Minister of External
5 Republic of India and Tanzania Investment Centre of Minister of State, Planning Affairs of India
FOREIGN VISITS
Uttarakhand CM UK Visit from 25-28th September 2023: MoUs worth Rs. 12,500 Crore Signed
for Investment Proposals
Uttarakhand Chief Minister (CM) Pushkar Singh Dhami visited London and Birmingham, the United Kingdom
(UK) from September 26-28, 2023 to invite Non-Resident Indians (NRIs) and industrialists for the
RBI Cancels CoR of Ind Bank Housing Ltd; Imposes Rs 5.39cr penalty on Paytm Payments Bank
The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) Chennai, Tamil Nadu (TN)
based Ind Bank Housing Ltd, a Housing Finance Company (HFC) w.e.f. September 21, 2023.
• In this regard, it cannot transact the business of Housing Finance Institution and a Non-Banking
Financial Institution (NBFC) as defined in National Housing Bank (NHB) Act, 1987 and RBI Act,
1934, respectively.
• This decision has been taken by RBI in exercise of its powers conferred on it under Section 29A (6)
of the NHB Act, 1987.
Note: Set up in 1991, Ind Bank Housing Ltd’s major shareholders were Indian Bank and HUDCO (Housing and
Urban Development Corporation Ltd) with 51% and 25% stake, respectively.
RBI imposes Rs 5.39 crore penalty on Paytm Payments Bank
On October 12, 2023, the Reserve Bank of India (RBI) imposed a monetary penalty of Rs
5.39 Crore on Paytm Payments Bank Limited (PPBL) in exercise of its powers conferred under the
provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation (BR) Act, 1949.
RBI announced results of 2nd edition of its Global Hackathon – HARBINGER 2023
The Reserve Bank of India (RBI) introduced second edition of its global hackathon, “HARBINGER 2023 –
Innovation for Transformation”
Theme: Inclusive Digital Services.
• This event was announced on February 14, 2023.
• The hackathon received 154 proposals submitted by teams from both India and 28 participating
teams/entities from countries such as Australia, Canada, Germany, Singapore, Sweden, the United
Kingdom (UK), and the United States of America(USA). The Hackathon ran in three phases.
RBI Allows Retail Investors to Subscribe to FRSBs 2020 (T) via Retail Direct Portal
On October 23, 2023, the Reserve Bank of India (RBI) in consultation with the Government of India (GoI), has
expanded the range of products offered through RBI Retail Direct portal by allowing retail investors to
subscribe to Floating Rate Savings Bonds , 2020 (Taxable)- FRSB 2020 (T).
• Previously, the retail investors were allowed to invest in central government securities, treasury
bills, state government securities and sovereign gold bonds through this portal.
• The subscription of bonds will be in the form of cash (up to Rs 20,000 only)/drafts/cheques or any
electronic mode.
Point to note:
Prior to this, the FRSB 2020 (T) was only available at designated branches of State Bank of India (SBI),
Nationalised Banks, private banks specified by RBI and other entities authorised by RBI as per the guidelines of
Floating rate bonds released by GoI in June 2020.
• Now, FRSBs can be brought through retail Direct Portal.
About RBI-Retail Direct Scheme:
The Prime Minister (PM) of India Narendra Modi launched the scheme on November 12, 2021, allowing
individual investors to open a Retail Direct Gilt (RDG) account with the Reserve Bank of India via an online
portal (https://rbiretaildirect.org.in). This account facilitates investments in government securities in both
primary and secondary markets.
Click Here for Official Details about RBI Retail Direct Scheme
Note: Individuals who are retail investors are permitted to open an RDG account.
What is FRSB 2020 (T)?
i.These are interest bearing, non-tradeable bonds, issued by the GoI, mature after seven years from the issue
date.
ii.FRSB 2020 (T) features a floating interest rate paid semi-annually on January 1st and July 1st. Residents in
MobiKwik’s Zaakpay gets In-Principle Nod from RBI to Operate as Payment Aggregator
Reserve Bank of India(RBI) has granted in-principle authorization to MobiKwik’s payment gateway
arm Zaakpay to operate as an online payment aggregator (PA).
· This will enable Zaakpay to onboard new merchants onto its platform for processing online
payments and scale the number of merchants associated with the startup.
Background:
i.RBI rejected Mobikwik’s application for PA licence in 2021 and the same was re-applied in October
2022.
ii.In 2021, the application was rejected since Mobikwik fell short of of minimum net worth threshold
of Rs 15 crore.
· In 2021, the net worth of Zaakpaya was at Rs 14.3 Cr, rendering it ineligible for the licence.
RBI Guidelines:
In March 2020, RBI issued Guidelines on Regulation of Payment Aggregators and Payment Gateways
and introduced various measures for payment aggregators operating in India.
Payment Aggregators(PAs): PAs are entities that facilitate e-commerce sites and merchants to
accept various payment instruments from the customers. This eliminates the need for for merchants
to set up their own payment integration system PAs facilitate merchants to connect with acquirers. In
this process they accept payments from customers, pool and transfer them on to the merchants after a
time period.
Payment Gateways(PGs): PGs are entities that provide technology infrastructure to route and
facilitate processing of an online payment transaction without any involvement in handling of funds.
Capital Requirements for PAs:
Existing PAs: PAs should achieve a net-worth of Rs 15 crore by March 31, 2021 and a net-worth of Rs
25 crore by the end of the third financial year(March 31, 2023).
New PAs: PAs shall have a minimum net-worth of Rs 15 crore at the time of application and shall
attain a net-worth of Rs 25 crore by the end of third financial year of grant of authorisation.
Note: The net-worth of Rs 25 crore shall be maintained at all times thereafter.
Onboarding:
i.Only the existing companies, which have received RBI’s in-principle approval, is allowed to onboard
merchants on their platforms.
ii.But, PAs such as Razorpay, PayU, Cashfree, and Paytm are being barred from onboarding new
merchants, despite receiving the in-principle approval.
About MobiKwik:
Founders – Bipin Preet Singh and Upasana Taku
Managing Director (MD) & Chief Executive Officer (CEO) – Bipin Preet Singh
Headquarters – Gurugram, Haryana
Established in – 2009
SEBI
SEBI Extends Demat Account and Mutual Fund Unit Holder Nominations Deadlines Until
December 2023
The Securities and Exchange Board of India (SEBI) extended the deadline for adding nominees to demat
accounts and submitting PAN and KYC details for physical security holders until December 31, 2023.SEBI
also extended the nomination deadline specifically for mutual fund unit holders until January 1, 2024.
Extension Deadline for Current Demat Account Holders
The Securities and Exchange Board of India (SEBI) has announced an extension of the deadline for
current demat account holders to select their nominees for an additional three months, now ending
on December 31, 2023.
• Sebi’s circular on March 16, 2023, required submission of PAN, nomination, contact, bank, and
signature details for physical securities by September 30, 2023. The deadline has been extended
to December 31, 2023, preventing folio freezing.
• Sebi extended the deadline for Demat account holders to make their ‘choice of
nomination’ until December 31, 2023.
• This extension applies to both new and existing Demat accounts. The goal of this initiative is to
guarantee that the assets held in these accounts are transferred to the rightful beneficiaries in
the event of the account holder’s passing.
• Sebi has directed stock exchanges, depositories, Registrar and Transfer Agents (RTAs), and
listed companies to implement the provisions outlined in its recent circular.
Demat Account
• A Demat account or Dematerialized account, is an electronic account used for holding and
trading financial securities such as stocks, bonds, mutual funds, government securities, and
exchange-traded funds (ETFs) in electronic format.
• Demat accounts simplify the process of trading, eliminating the risks associated with physical
certificates, such as theft, loss, or forgery. When an investor buys or sells securities, the changes
are reflected electronically in the Demat account.
ADB Approves USD 175 Million Loan to Upgrade Roads in Madhya Pradesh
The Asian Development Bank (ADB) has approved a USD 175 million loan for ‘India : Enhancing Connectivity
and Resilience of the Madhya Pradesh Road Network Project’.
• The project aims to upgrade about 500 kilometers of state highways and major district roads to a
standard two-lane feature in Madhya Pradesh(MP).
About the Project:
i.The project was initially proposed by ADB in September 2023.
ii.The project will build better, safer, and more climate-resistant roads in MP to connect rural areas to growth
ADB Approves USD 400 Million Loan to Enhance Urban Services in India
The Asian Development Bank (ADB) has approved USD 400 million policy-based loan to India to enhance the
infrastructure quality and provide assured public services and efficient governance systems. The loan will be
under Sub-programme 2 of ADB’s Sustainable Urban Development and Service Delivery Programme.
· Subprogram 2 will support investment planning and reform actions at the state and urban local
body (ULB) levels.
It will be implemented by the Ministry of Housing and Urban Affairs(MoH&UA) with guidance from
ADB.
Aim:
The program supports India’s urban reform agenda for improving the quality of urban life by creating
· High-quality urban infrastructure
· Assured public services
· Efficient governance systems
Outcome:
i.These planning processes will make cities more resilient to climate change and disasters, promote nature-
based solutions, improve the urban environment, and make cities more financially sustainable by generating
more revenue.
ii.Cities will be encouraged to become more financially responsible by making changes to how they collect
taxes and spend money. This will make it easier for them to borrow money and invest in the infrastructure they
need.
India’s Endeavour:
i.India cities have the potential to drive economic growth.
ii.India has stressed the importance of making cities livable through inclusive, resilient, and sustainable
infrastructure.
· This is in alignment with ADB Strategy 2030.
iii.Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, India’s flagship urban
transformation program, aims to provide universal access to water supply and sanitation, and ensure urban
water security by reducing water losses, recycling wastewater for non-potable uses, rejuvenating water bodies,
and maintaining sustainable groundwater levels.
SBI Life Insurance & State Bank of Sikkim Sign a Bancassurance Pact to Offer Insurance
Products
Sate Bank of India (SBI) Life Insurance Company Limited signed a bancassurance pact with the State Bank of
Sikkim (SBS) to make insurance solutions accessible to the residents of Sikkim.
• The agreement was signed by P. Wangdi Bhutia, Managing Director, State Bank of Sikkim, and
Jayant Pandey, Regional Director- Bengal region, SBI Life Insurance at the SBS’s headquarters in
Gangtok, Sikkim.
• Bancassurance is an agreement between a bank and an insurance company, through which the
insurer can sell its products to the bank’s customers.
• Through this partnership, the State Bank of Sikkim offers SBI Life’s diverse range of protection,
wealth creation, and savings insurance products to its customers.
Note:
SBI Life Insurance is a joint venture between State Bank of India (SBI) (55.50%) and French financial
institution BNP Paribas Cardif.
DPIIT & Gati Shakti Vishwavidyalaya Signed MoU to Advance National Master Plan
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and
Industry, and the Gati Shakti Vishwavidyalaya (GSV), Gujarat based central university, have signed a
Memorandum of Understanding (MoU) to advance Pradhan Mantri Gati Shakti (PMGS) National Master
Plan(NMP).
• The MoU aims to advance India’s infrastructure and logistics sectors.
Signatories:
The MoU was signed by Manoj Choudhary, Vice-Chancellor, GSV; and E Srinivas, Joint Secretary, Logistics
Division, DPIIT in the presence of Piyush Goyal, Union Minister for Commerce and Industry; Ashwini Vaishnaw,
Union Minister for Railways.
• Over 16 Central Ministries, including the National Institution for Transforming India (NITI) Aayog
and Capacity Building Commission (CBC), came together to sign the MoU.
About the MoU:
Objective: This collaboration aims to integrate three core visions:
• Smarter planning and implementation
• Structured specialized development
• Capacity building.
Key Points:
i.Under this MoU, GSV will be the nodal agency across India to design, develop and deliver courses and
curriculum related to PMGS NMP and National Logistics Policy (NLP) at various centers in different States.
ii.PMGS approach will lead to reduced logistics costs, greater efficiency, and a more competitive business
ecosystem.
iii.GSV is set to collaborate closely with the Logistics Division to conceptualise and establish “knowledge
centers” of PMGS across various states and institutions which will serve as repositories of:
• best practices of PMGSs’ approach,
• best practices in logistics,
• centers of further research and innovation in logistics.
iv.Using the “hub and spoke” model, and leveraging the infrastructure of Central Training Institutes and State
Administrative Training Institutes, GSV will collaborate with the Logistics Division.
Axis Bank and Fibe Partner to Launch India’s First Numberless Credit Card
Axis Bank Limited and Social Worth Technologies Private Limited (Fibe) (formerly known as EarlySalary)
have partnered to launch India’s first-ever numberless credit card called Fibe Axis Bank Credit Card.
• The card, powered by Rupay, also allows the customer to link this credit card to Unified Payments
Interface (UPI).
About the card:
i.The Fibe Axis Bank Credit Card offers financial solutions by targeting tech-savvy of Generation Z (people
born between 1996 and 2010) of India.
ii.The card does not have any card number, expiry date, or Card Verification Value (CVV) printed on it.
SIDBI & IPPB inked MoU for Financial Support to MSMEs in Remote Areas
India Post Payments Bank (IPPB) has signed an agreement with Small Industries Development Bank of
India (SIDBI) to extend financial and other support services to MSMEs (Micro, Small & Medium Enterprises) in
rural and remote areas.
• SIDBI provides credit to small businesses, while IPPB provides banking transaction services.
• It should be noted that Payments banks are not allowed to provide credit but can partner with other
institutions for distribution.
Signatories:
It was signed by Sivasubramanian Ramann, Chairman and Manaing Director (CMD) SIDBI;
and Jayanthy Venkatramu, MD (Managing Director) & CEO (Chief Executive Officer), IPPB.
Key Points:
i.This partnership will utilize IPPB’s rural reach and SIDBI’s lending and credit risk assessment models to reach
MSMEs.
ii.IPPB will also support SIDBI’s customers in digitizing the payment mechanisms through its merchant
onboarding system and collection solutions like Unified Payments Interface (UPI), QR-based solutions, etc.
iii.They will also undertake joint programs to upgrade the skills of Dak Sevaks.
iv.Both entities also announced a hackathon for innovation in financial services in rural areas and also
a Swavalamban Challenge Fund to promote rural livelihood enterprises.
About India Post Payments Bank (IPPB):
MD & CEO– Jayanthy Venkatramu
Headquarters– New Delhi, Delhi
Establishment– 2018
Motto – ‘Every customer is important, every transaction is significant and every deposit is valuable, no matter
the value.
Coal Ministry & MNRE Collaborate to Work Jointly to Promote Green Energy
The Ministry of Coal and the Ministry of New & Renewable Energy (MNRE) collaborated to work together for
the promotion of green energy.
MNRE will provide technical, policy, and capacity-building assistance, while the Ministry of Coal will supply
land and capital to construct solar energy, green hydrogen, and other renewable energy projects.
Through this collaboration, the roof-top solar will be installed in all the government buildings and
houses of CPSE employees in Mission Mode.
The de-coaled and surplus land masses will be offered for the setting up of green hydrogen projects by
private investors.
MNRE is set to support the Ministry of Coal and its CPSEs for capacity-building training of engineers,
technicians, and other functionaries through the National Institute of Solar Energy (NISE)Gurgaon
(Haryana).
MNRE will provide knowledge partnerships through the Indian Institute of Technology (IIT), Roorkee
(Uttarakhand), the Solar Energy Corporation of India, and its other resource agencies.
Note:
The central public sector Enterprises(CPSEs) of Ministry of Coal have installed 1600 MegaWatt (MW) solar
Energy generation capacity and Work on another 500 MW solar projects is at different stages.CPSEs target to
create a generation capacity of 12GW by 2030.
IndusInd Bank Collaborates with Viamericas to Offer Inward Remittance Services to NRIs in
USA
IndusInd Bank Limited has announced a strategic collaboration with Viamericas Corporation to offer digital
inward remittance services to Non Resident Indians (NRIs) in the United States of America (USA).
This collaboration will enable NRIs to send money to their beneficiaries in India through IndusInd
Bank’s digital remittance platform Indus Fast Remit(IFR).
Working Mechanism:
i.The Indus Fast Remit platform will allow NRIs to send money to India either through auto debit payment
mode (Automated clearing House – ACH) and through the overseas Bank account.
ii.Through IndusInd Bank Vostro relationship, Viamericas Corporation will credit the beneficiary’s account in
India using the Reserve Bank of India (RBI)’s Rupee Drawing Arrangement (RDA) scheme.
Indus Fast Remit(IFR):
i.Indus Fast Remit is a first-of-its-kind multi-partner digital platform facilitating remittances to India especially
by Non Resident Indians (NRI).
ii.The users of IFR will have the option to choose from multiple Exchange Houses/Money Transfer Companies
offering competitive rates
iii.The remittance service will be offered through the licensed overseas Exchange Houses/Money Transfer
Companies and the amount will be transferred to the beneficiary’s account in India under RDA Scheme.
ADB Approves USD 200 Million for Flood & Riverbank Erosion Risk Management Project in
Assam
The Asian Development Bank (ADB) has approved a USD 200 million loan to strengthen flood and riverbank
erosion risk management along the 650-kilometer (km) long main stem of the Brahmaputra River in Assam,
India.
• The Project activities will be led, managed, and coordinated by the Flood and River Erosion
Management Agency of the Assam Government.
• The Water Resources Department of the Government of Assam will implement the works and the
Assam Agroforestry Development Board will use nature-based solutions.
Objective : The primary goal is to address recurrent flooding and continual riverbank erosion along the
Brahmaputra River.
Partner Agencies: The Brahmaputra Board, the Assam State Disaster Management Authority, and the Assam
Inland Water Transport Development Society will be partner agencies of the project.
Background:
The project builds on the success of the ADB-financed Assam Integrated Flood and Riverbank Erosion Risk
Management Investment Program (2010-2020) and similar investments in Bangladesh.
Project Strategy:
i.The project employs a comprehensive approach, integrating flood and riverbank erosion risk management
with long-term planning.
ii.This strategy ensures a more resilient future. A core focus is to enhance climate and disaster resilience and
food security.
iii.The project empowers women by involving them in disaster-resilient economic activities.
• Approximately 1 million individuals will benefit from this initiative, which will also lead to a 50,000-
hectare increase in crop production.
Commitment of ADB:
i.ADB’s commitment to collaborating with the Assam state government is to transform Assam into a disaster-
resilient region.
ii.This initiative particularly focuses on mitigating the risks posed by the Brahmaputra River, one of the
world’s largest river systems.
iii.The project’s innovative and cost-effective approach combines structural and nonstructural measures to
strengthen Assam’s ability to manage flood and riverbank erosion risks effectively.
iv.ADB’s initiative aims to enhance disaster resilience in Assam, benefiting both the state and its vulnerable
communities.
Benefits:
i.This project will benefit around 1 million people and increase crop production in more than 50000 hectares.
The project will secure living spaces, and support livelihoods, by:
• stabilizing 60 km of banks;
• installing 32 km of pro-siltation measures; and
• building 4 km of climate-resilient flood embankments in 5 high-priority districts (Dibrugarh,
Goalpara, Kamrup Rural, Morigaon, and Tinsukia).
ii.It will also create employment opportunities, and ultimately enhance the navigability of the river.
iii.It will advance the institutional capacity in flood forecasting and warning systems, modern surveys, erosion
and embankment breach modeling, asset management, flood risk mapping, land use planning, and pilot nature-
based solutions, and the graduation approach.
Outlook Group & IDFC FIRST Bank Launched retirement Planning Event “Outlook Money
40After40”
Outlook Group in collaboration with IDFC FIRST Bank launched a retirement planning event “Outlook
Money 40After40” to spread awareness and create conversations around retirement planning.
• “40After40” is a two-day event and expo, which will be held at Jio World Convention Centre in
Mumbai, Maharashtra on 23rd and 24th January, 2024.
• IDFC FIRST Bank will spread the need & importance of retirement planning and addresses the
financial needs of the elderly early.
• The collaboration will also address other concerns of retired people such as health and wellness,
living facilities & travel.
• The collaboration aims to approach the key question of retirement through the various print and
digital platforms. It aims to provide invaluable insights and expert guidance to individuals, helping
them make informed decisions to secure a prosperous retirement.
Indranil Roy is the Chief Executive Officer(CEO) of Outlook Group which was established in 1995. Outlook
Money is the only media house which has a dedicated website on retirement.
Axis Bank Launches Its Digital Bank Proposition ‘Open by Axis Bank’
Axis Bank Limited which is headquartered in Mumbai ,Maharashtra has launched its digital banking
proposition called ‘open by Axis Bank’ in its latest advertising campaign ‘Open 2023’
• The Open 2023 campaign highlights the top 15 features of the bank’s digital offerings.
• The launch of ‘open by Axis Bank’ is a fulfilment of Axis bank’s vision to build Axis 2.0 as a digital
bank within the bank to offer a personalized, intuitive, and hassle-free digital banking experience.
About ‘open by Axis Bank’:
i.‘open by Axis Bank’ is a future-ready mobile application that underscores the bank’s pivot towards enhanced
digital offerings.
• It aims to bring all the features in a user-friendly, modern interface for both existing and new
customers.
YES Bank Becomes the First Lender to Offer ‘ONDC Network Gift Card’
YES Bank Limited had become the first bank in India to issue an ‘Open Network for Digital Commerce (ONDC)
Network Gift Card’. The card is powered by Rupay Network.
• The card is issued in partnership with the ONDC, a government-backed initiative to democratize
digital commerce in India.
• This network-wide gift card will help companies with corporate gifting and employee engagement,
and it will also allow consumers to shop at thousands of sellers on the network using any ONDC-
compatible buyer app.
• The card can be loaded with up to Rs 10,000.
• OmniCard is the first company to issue ONDC Network Gift Cards(in September 2023); Yes Bank is
second company and first banking institution to issue this card.
• Note – YES Bank has issued its first electronic-Bank Guarantee (e-BG) in collaboration with National
E-Governance Services Limited (NeSL).
About Yes Bank Limited: It was established in 2004 and headquarters in Mumbai, Maharashtra. ‘Experience
Our Expertise’ is the tagline of the bank.
ICICI Bank introduces ‘iFinance’, a One-Stop for Viewing Savings and Current Accounts Across
Banks
ICICI Bank Limited has launched a new feature called iFinance, which allows customers-retail and sole
proprietors, to get a consolidated view of their savings and current accounts across banks in a single place.
This facility is also extended to customers of other banks.
• ICICI bank leverages the Account Aggregator(AA) ecosystem to enable users to link their accounts.
• This feature is available on ICICI Bank’s digital platforms, namely iMobile Pay application, Retail
Internet Banking (RIB), Corporate Internet Banking (CIB) and InstaBIZ(Business Banking Mobile
Application).
Features of iFinance:
i.‘iFinance’ provides a single-view dashboard of all accounts.
ii.It offers a facility to get a summary of their income and category wise information of their expenditure.
iii.It allows users to link and de-link accounts on real-time basis
iv.It also provides consolidated account statement(s) of all linked Bank accounts.
Account Aggregator(AA):
i.An Account Aggregator (AA) is a Non-Banking Financial Company
(NBFC) regulated by the Reserve Bank of India (RBI).
ii.It helps people securely and digitally access and share information from one financial institution they have an
account with to any other regulated financial institution in the AA network.
About ICICI Bank Limited:
Managing Director(MD) and Chief Executive Officer (CEO) – Sandeep Bakhshi
Headquarters – Mumbai, Maharashtra
Established in – 1994
Tagline – Hum Hai Na Khayal Apka
HDFC Bank Launches ‘XpressWay’ Digital Banking Platform for Banking Products and Services
HDFC Bank has developed ‘XpressWay,’ a digital banking platform that offers a range of financial products
and services, providing customers with a fast and convenient banking experience.
• XpressWay provides a variety of services such as Xpress Personal Loans, Xpress Business Loans,
Xpress Car Loans, Xpress Home Loans, Xpress Loan on Cards, Xpress Credit Card, and Xpress Savings
Accounts.
• These services are intended to provide a rapid seamless, paperless, and self-service experience to its
new and existing customers.
XpressWay is a part of HDFC Bank’s ‘NOW,‘ a brand that covers the bank’s digital products and services.
AU Small Finance Bank Launches ‘Planet first – AU Green Fixed Deposit’ with 8.5% Interest
Rate
AU Small Finance Bank (AU SFB) Limited launched its first Green Fixed Deposit (FD) namely Planet
First – AU Green Fixed Deposit with an interest rate of up to 8.50%. This launch represents bank’s
commitment towards climate action, and also allows customers to contribute to sustainability by
dedicating proceeds to green projects.
FINANCE NEWS
HDFC Pension Launches a First-of-its-kind NPS Preference Index on the Occasion of NPS Diwas
HDFC Pension Management Company Limited has launched a first-of-its-kind ‘National Pension System (NPS)
Preference Index’ on the occasion of 2nd edition of NPS Diwas which was observed on 1st October 2023.
• HDFC Pension also released NPS Preference Index Study which is the industry first spotlight on
NPS.
• HDFC Pension Management Company Limited,a subsidiary of HDFC Life Insurance Company
Limited is one of the Pension Fund Managers (PFM’s) appointed by Pension Fund Regulatory and
Development Authority (PFRDA) in India to manage funds for the National Pension System (NPS).
What is NPS?
i.National Pension System (NPS) is a voluntary, defined-contribution pension scheme.It is a government-
backed retirement savings program designed to provide financial security after retirement.
ii.It was launched in India in 2004.
iii.It is open to all Indian citizens between the ages of 18 and 70.
iv.It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
v.The National Pension System (NPS) in India operates through a unique identification number called
the Permanent Retirement Account Number (PRAN). This PRAN is allocated to every subscriber and is used
for all transactions and communications related to the NPS.
NPS Preference Index Study 2023:
i.The aim of the survey is to assess consumers’ views on retirement and their awareness, interest, and
contemplation of the NPS.This resulting in the framing NPS Preference Index, which can be tracked over time.
• Additionally, the North region exhibits the highest NPS Preference Index (57) in comparison to other
regions, signifying a strong inclination towards NPS among people in the northern part of the
country.
ii.This research has been conducted in association with an independent market researcher Ipsos Research
Private Limited.
iii.The Index is a powerful metric derived from three broad aspects such as
• Familiarity with NPS
• Appeal of NPS
• Consideration for NPS
Findings:
i.The survey results show that the NPS Preference Index is currently 54 out of 100. This means that the NPS is
at moderate level and is equally influenced by the three pillars.
Star Health Insurance introduces Surrogacy Cover and Oocyte Donor Cover
On October 9, 2023, Star Health and Allied Insurance introduced surrogacy cover and oocyte donor
cover to its women-centric policy namely Star Women Care Insurance Policy at no extra charge for
policyholders.
• This inclusion will address the demand in assisted reproduction treatment, and extending health
insurance coverage to surrogate mothers and oocyte donors.
• The Surrogate Mother & Oocyte Donor Cover is applicable for adults 25 to 35 years. The sum
insured under this is available up to Rs. 1 Crore.
Note:
For the cover to be valid, the intending couple, surrogate mother, and treating hospital should comply with
the Surrogacy Act and Assisted Reproductive Technology (ART) Act regulations. Additionally, the
Surrogacy and Oocyte donation must be undertaken at approved centres registered with the National ART and
Surrogacy Registry.
Features of Surrogacy Cover and Oocyte Donor Cover:
Surrogacy Cover:
i.Offers inpatient hospitalisation coverage for post-partum delivery complications for 36 months.
ii.Begins from the date of treatment or procedure initiation.
iii.Compensation for Miscarriage due to Accident as per policy terms.
Oocyte Donor Coverage: Covers inpatient hospitalisation costs for assisted reproductive treatment
complications for 12 months.
Newborn Cover:
i.Newborn receives health cover of 25% of sum insured from Day 1.
ii.Increases to 100% from the subsequent year onward.
Star Mother Cover: Covers hospital room rent for insured mothers if child is <12 years old and hospitalized in
ICU.
Additional benefits: Additional benefits include AYUSH Treatment, Rehabilitation and pain management,
Ante-Natal Care (Pregnancy Care), In Utero Fetal Surgery/Repair, Bariatric Surgery, Optional Cover (Lump sum
on diagnosis of Cancer), Coverage for modern treatments, Medical and Tele-Health consultations.
About Star Health and Allied Insurance:
Managing Director and Chief Executive Officer– Anand Roy
Headquarters– Chennai, Tamil Nadu
Establishment– 2006
Mahindra Last Mile Mobility Gets Rs.300 Cr from IFC as First Installment of Investment
Mahindra Last Mile Mobility (MLMML), a subsidiary of Mahindra & Mahindra Ltd. (M&M) received the first
installment of investment of Rs.300 crore from the International Finance Corporation (IFC) for its Electric
Vehicle (EV) division. This investment is IFC’s first in an EV maker in India.
• With this transaction, MLMML has ceased to be a wholly owned subsidiary of Mahindra with effect
from 9th October 2023, while it continues to be a subsidiary of the company.
9th annual Google for India 2023: Google Partners with FACE to Take Down Illegal Loan Apps
from Play Store in India
Google has partnered with the Fintech Association for Consumer Empowerment (FACE) to take down illegal
digital lending apps on Play Store in India.
• This partnership was announced during the 9th annual Google for India (2023) event held on 19th
October 2023 in New Delhi, Delhi.
• FACE is an industry association and self-regulatory organization for digital lenders.
What will be done under the Partnership?
i.Under this partnership, FACE will supply Google with market intelligence to identify and take action against
non-compliant predatory personal loan apps in India hat are non-compliant with Play Store’s policies.
ii.This collaboration supports Google's safety initiative, DigiKavach, aimed at protecting people from online
financial scams.
Highlights of 9th annual Google for India event:
i.During the event, Alphabet Inc. announced plans to manufacture Pixel 8 smartphones in India with sales
starting in 2024.
ii.Google is partnered with Open Network for Digital Commerce (ONDC) to enable customers to book metro
tickets directly through the Google Maps app
iii.Google Lens introduced Visual Skin Condition Search, allowing users to find visual matches for skin issues,
after uploading photos.
iv.Google Pay partnered with ePayLater to provide a credit line for merchants
v.It also collaborated with DMI Finance to introduce sachet loans starting at Rs 15,000.
vi.Google Pay expanded its merchant loans with ICICI Bank and personal loans with Axis Bank.
vii.Google enhanced its security measures with Google Play Protect, offering real-time app scan
recommendations for users installing unscanned apps.
viii.Google Cloud partners with ONCD and also plans on helping farmers with an agri tech called Sign Catch,
where, FPOs can now put their catalogues online and reach out to merchants across the country with the help
of ONDC.
• As part of Google For India, Google Cloud also announced it is working with Axis My India to
“democratise information on citizens services” with a super app called the ‘A App’ that uses Google
Cloud’s scalable and secure infrastructure.
About Google:
Parent organization - Alphabet Inc.
Chief Executive Officer - Sundar Pichai
Google India Head - Sanjay Gupta
DFC Offers USD 30 Million to Dalmia Polypro Industries to Set up Greenfield Recycling Facility
in Nashik
The United States(U.S.) International Development Finance Corporation (DFC) has offered an External
Commercial Borrowing (ECB) loan of USD 30 million to the Dalmia Polypro Industries Private Ltd to fund
the establishment of greenfield recycling facility in Nashik, Maharashtra.
• The new plant is well-positioned to meet the growing demand for premium recycled plastic,
including food-grade materials, so contributing to the realisation of a circular plastic waste value
chain.
• The facility also set to process 171,000 metric tons of plastic annually the facility will focus on
producing top-notch recycled Polyethylene Terephthalate(rPET), Recycled polypropylene (rPP), and
recycled High-Density Poly Ethylene (HDPE) flakes and granules.
• Dalmia Polypro is one of the major plastic recyclers in India and it was established in 2006.
Note:
DFC, headquartered in Washington DC, the United States of America(USA), is an development bank under the
US Government.
IMF’s WEO Oct 2023: India’s Growth is projected to be at 6.3% for both 2023 & 2024
According to World Economic Outlook (WEO), October 2023 -Navigating Global Divergences‘ the International
Monetary Fund (IMF) has raised India’s Gross Domestic Product (GDP) growth forecast to 6.3% in 2023 from
July 2023 estimate of 6.1% due to 7.8% growth during the June quarter.
India’s Fiscal Deficit Rises to Rs 6.42 trillion to Reach 36% of FY24 target
According to Controller General of Accounts(CGA), India’s fiscal deficit for the tenure April to August of the
financial year 2023-24 (FY24) is at Rs 6.42 trillion. This is 36% of the full-year target of Rs 17.87 trillion.
• In the same period of FY2022-23, the fiscal deficit was Rs 5.42 trillion, or 32.6% of the FY23 target
Rs16.61 trillion.
Why is the fiscal deficit higher in FY24?
i.The fiscal deficit widened mainly because the government spent more on capital expenditure (due to lower
tax devolution to state governments) and government’s increase in non-tax revenues.
ii.The government aims to reduce the fiscal deficit to 5.9% of the gross domestic product (GDP) for fiscal year
2024.
Data & Analytics:
i.Capital Expenditure (Capex): Capex during April-August increased to Rs 3.74 trillion from Rs 2.52 trillion in
the same period of FY23.
ii.Total Receipts: Total receipts during April-August amounted to Rs 10.29 trillion, equivalent to 37.9% of the
annual estimate.
• Tax receipts contributed Rs 8.04 trillion, which represents 34.5% of the annual estimate.
iii.Corporate Tax Collections: Corporate tax collections surged by over 15% year-on-year to Rs 2.39 trillion
during this period.
iv.Total Expenditure: The government’s total expenditure for the same period reached Rs 16.72 trillion,
accounting for 37.1% of the annual estimate.
• This was higher than the expenditure of Rs 13.90 trillion during the corresponding period in the
fiscal year 2022-23.
v.Tax Devolution to States: A dip in tax devolution to states in the recent month helped limit the widening of
the fiscal deficit.
• Net tax revenues for August 2023 were Rs 2.2 trillion, significantly higher than Rs 0.3 trillion in
August 2022.
IIFCL Sanctions Loans Worth Rs 8,800 crore to Boost Civil Aviation Infrastructure
India Infrastructure Finance Company Limited (IIFCL) has sanctioned loans worth Rs 8,800 crore for airports
and civil aviation infrastructure development in India.
• The IIFCL has already sanctioned loans of around Rs 4,000 crore.
Note:
IIFCL is a government owned financial institution that caters to the long-term financing needs of India’s
infrastructure sector. This plays a major role in financing airport projects in India.
Funding:
i.IIFCL is one of India’s major airport financiers and has supported airports with a total project outlay of about
Rs 74,000 crore.
ii.IIFCL along with the Government of India will continue to support the development of world-class airport
infrastructure in India under the Public-Private-Partnership(PPP) model.
• It will also explore opportunities to fund greenfield airport projects and Maintenance, Repairs and
Overhaul (MRO) facilities.
Background:
i.The launch of the Ude Desh ka Aam Nagarik’ (UDAN) scheme (in 2017) has boosted the development of the
airport sector.
ii.As a result the number of airports has almost doubled from 74 in 2014 to 148 in 2023, giving a boost to
regional connectivity.
Growing Demand:
i.The passenger handling capacity is expected to increase from the current 350 million per annum to 500
million per annum by the end of the Financial Year2023-24 and 2 billion by 2047.
ii.The growth was driven by the rising trend of air travel among middle-income households, complemented by
infrastructure development at leading airports and supportive government policies.
iii.The airport infrastructure capacity should be increased to meet such a huge growing demand.
Additional Info:
To expand air infrastructure, the National Infrastructure Pipeline (NIP) has envisaged a Capital expenditure
(capex) of Rs 91,000 crore for the civil aviation sector in the five years till FY25.
About India Infrastructure Finance Company Limited (IIFCL):
Managing Director(MD) – Padmanabhan Raja Jaishankar
Headquarters – New Delhi, Delhi
Established in – 2006
Bharti Group to Acquire AXA’s 49% Stake in Bharti AXA Life Insurance
Bharti Group, through its holding company Bharti Life Ventures Private Limited (BLVPL) has entered into a
binding agreement with its Joint Venture(JV) partner AXA to acquire its 49% of stake in Bharti AXA Life
Insurance.
• Through this acquisition, BLVPL will own 100% stake in the Bharti AXA Life Insurance.
• The transaction is expected to be completed by December 2023, subject to regulatory approvals.
Bharti Group into Insurance:
Bharti Group set up the ventures with Paris based ‘AXA’ (a French multinational insurance firm) in 2006 and
held 74% stake in both – Bharti AXA General Insurance and Bharti AXA Life Insurance .
• Presently, Bharti AXA Life Insurance has a 51% stake from Bharti Group and 49% stake from AXA, in
line with the regulatory framework on ownership in the Insurance sector.
Bharti AXA General Insurance:
i.In 2020, Bharti Group and AXA exited the general insurance business by selling Bharti AXA General
Insurance to ICICI Lombard General Insurance Limited.
• Bharti AXA received two shares of ICICI Lombard for every 115 shares of Bharti AXA held by them.
ii.The transaction came into effect on Sept 08, 2021 after receving necessary approvals from The National
Company Law Tribunal (NCLT) and the Insurance Regulatory and Development Authority of India (IRDAI).
About Bharti AXA Life Insurance:
Managing Director(MD) & Chief Executive Officer (CEO)– Parag Raja
Headquarters – Mumbai, Maharashtra
Established in – 2006
IOCL to Invest Rs 1,660.15 Crore in IndianOil NTPC Green Energy Pvt Ltd
Indian Oil Corporation Limited (IOCL), a state-owned Maharatna company, is set to invest Rs 1,660.15
crore as equity in IndianOil NTPC Green Energy Pvt Ltd for setting up renewable power plants.
• IndianOil NTPC Green Energy Pvt Ltd is a joint venture (JV) company with a 50:50 share between
IOCL and NTPC Green Energy Ltd, (a wholly-owned subsidiary of NTPC Limited) formed in June
2023.
• The new JV was formed to set up renewable energy projects (Solar photovoltaics (PV) wind, any
other renewable energy, energy storage, or any combination of the same) with a minimum
generation of 650 megawatt (MW), to meet 24X7 power requirements of refineries of the IOCL.
• IOCL aims to generate 3 Gigawatt (GW) renewable energy and 0.6 million tonnes of biofuels by
2025. It also plans to generate 35 GW by 2030, and 200 GW by 2050.
FICCI Economic Outlook Survey Predicts Median GDP Growth Rate of 6.3% for FY23-24
According to Economic Outlook Survey released by Federation of Indian Chambers of Commerce &
Industry (FICCI), India’s annual median Gross domestic product (GDP) growth rate for the financial year 2023-
24 (FY2023-24) is projected at 6.3% with a minimum and maximum growth estimate of 6% and 6.6%,
respectively.
Sectorswise Prediction:
i.The expected growth rate for agriculture and allied activities in FY23-24 is 2.7%, which is lower than the
4.0% growth rate reported in FY22-23.
• This is due to the El Niño effect, which has affected the spatial distribution of rainfall during the
monsoon season.
India to surpass Japan to Become 2nd Largest Economy in Asia by 2030: S&P Global
According to Purchasing Managers’ Index (PMI) data of Standard & Poor (S&P) Global Market Intelligence,
India will become Asia’s second-largest economy by 2030 with a Gross Domestic Product (GDP) of USD 7.3
trillion. India will also become the world’s third-largest economy.
PMI also forecasted that India’s GDP will grow at 6.2-6.3% in the financial year 2023-24 (FY23-24).
Top Economies(of the world):
i.United States of America(USA) is the world’s largest economy with a GDP of USD 25.5 trillion.
ii.This is followed by China, Japan, and Germany in second, third, and fourth respectively (largest economy)
with a GDP of USD 18 Trillion, USD 4.2 trillion, and USD 4 trillion respectively.
Fifth Largest Economy:
i.India overtook the United Kingdom(UK) and became the fifth-largest economy in the world with a GDP of USD
3.5 trillion.
India is also Asia’s third largest economy after China and Japan.
ii.By 2030, India will surpass Japan & Germany and become the third-largest economy in the world and the
second-largest economy of Asia.
Factors in favor of India Economy
FY23-24:
i.The Indian economy has continued to grow strongly in 2023, following two years of rapid growth in 2021 and
2022.
ii.In the first quarter(Q1) of FY23-24, the economy grew at 7.8%.
FDI:
i.The increasing flow of foreign direct investment(FDI) into India over the past decade shows that investors are
optimistic about the country’s long-term growth prospects.
ii.This is due to the fact that Indian demography is dominated by the youth population.
Digital Transformation:
The rapid growth of e-commerce and the shift to fourth-generation (4G) and fifth-generation (5G) smart-phone
NLC incorporated NLC India Green Energy Limited for Renewable Energy Initiatives
Neyveli Lignite Corporation(NLC) India Limited incorporated a wholly owned subsidiary NLC India Green
Energy Limited (NIGEL) to focus on Renewable energy initiatives.
About NIGEL:
i.NIGEL’s logo was unveiled along with the appointment of key managerial positions at the first Board meeting
of the company.
ii.NLC’s green arm NIGEL is expected to establish Renewable energy projects to the capacity of 5 Gigawatt
(GW) by 2030.
NLC already developing Projects to the tune of 2 GW in various parts of India.
iii.As per the Optimal Energy Mix Report 2030 of the Central Electricity Authority (CEA), Ministry of Power, the
envisaged BESS (Battery Energy Storage System) on the Grid is about 41.65 GW and this provides an
opportunity for storage system development.
Note:
CMD of NLC Prasanna Kumar Motupalli is also the Chairman of NIGEL.
About NLC India Limited:
Neyveli Lignite Corporation(NLC) India Limited is a Navratna company under the government of India.
Chairman cum Managing Director(CMD)– Prasanna Kumar Motupalli
Headquarters– Chennai, Tamil Nadu
Incorporated in -1956
Paras Aerospace receives 2nd Type Certification from DGCA for its Agri Drone
Mumbai(Maharashtra)-based Paras Aerospace Private Limited, a subsidiary of Paras Defence & Space
Technologies Limited, has received its 2nd Type certification from Directorate General of Civil Aviation
(DGCA) for its agricultural drones – “Paras-Agricopter V2.1”. The certification is issue for MEDIUM Drone
Category.
This will allow Paras Aerospace to honour its existing contracts for “Paras-Agricopter V2.1”.
This will also enable Paras to explore new opportunities in the agricultural drone industry.
Previously in April 2023, Paras Aerospace received a “Type Certificate” from DGCA for its Agri
Drone “Paras-Agricopter”.
Note:
The DGCA Type Certification is issued after a through evaluation and certification process for unmanned
aerial vehicles (UAV). This validates the drone’s quality and design.
This certificate is valid until it is revoked or suspended.
India-UAE Sign MoU in 7 Areas, with Emphasis on Space Technology, Renewable Energy, and AI
The United Arab Emirates (UAE) and India have signed a Memorandum of Understanding (MoU) during
the 11th India-UAE high-level joint task force on investments in Abu Dhabi, the capital of United Arab
Emirates (UAE). The agreement was signed by UAE’s Minister of Industry and Advanced Technology, Dr.
Sultan Al Jaber, and India’s Minister of Commerce and Industry, Shri Piyush Goyal, with the presence
of Sheikh Hamed bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority (ADIA).
• India and the UAE have signed an MoU in seven areas
such as supply chain resilience, renewable energy and
energy efficiency, health and life sciences, space
systems, AI, Industry 4.0 and advanced technologies,
as well as standardisation and metrology.
• These MoUs align with the UAE-India Comprehensive
Economic Partnership Agreement (CEPA), which aims
to strengthen the UAE’s role as a trade and logistics
hub.
Key highlights of MoU:
i.Supply Chain Resilience:
• Both countries will work together to identify opportunities to supply raw materials and share best
practices to incentivize industrial growth.
India Signs Two MoUs on Ocean Sciences, Medical Product Regulation with Dominican Republic
India and Dominican Republic have signed two Memorandum of Understandings (MoUs) in ocean sciences and
medical product regulation.
The 2 MoUs were signed between,
• Central Drug Control Organization of India (CDSCO) and the General Directorate of Medicines, Food,
and Health Products of the Dominican Republic (DIGEMAPS).
• The Council of Scientific and Industrial Research, National Institute of Oceanography of India (CSIR–
NIO) and the National Authority for Maritime Affairs of the Dominican Republic (ANAMAR).
Note:
The MoUs were signed during a high level political dialogue between Raquel Pena Rodriguez, the Vice
President of the Dominican Republic, and India’s Vice-President Jagdeep Dhankhar in New Delhi, Delhi.
• The meeting was a part of the 3 day official visit of Raquel Peña Rodríguez to India from 3rd to 5th
October 2023.
• This is the 1st ever visit by the Vice President of the Dominican Republic to India.
Key Points:
i.Under the bilateral cooperation MoU on ocean science, India and Dominican Republic have agreed to work
towards exploring solution to the problem of the massive proliferation of the sargassum seaweed afflicting the
Caribbean beaches, affecting the livelihood of coastal populations and the tourist industry.
ii.The Dominican Republic is set to support the presence of Indian pharmaceutical companies in its territory
and India aims to partner in healthcare sector, including the supply of generic drugs.
iii.This partnership aims to improve healthcare access for both countries.
About the meeting:
i.They discussed ways to strengthen cooperation in various fields, such as trade, pharmaceuticals, Information
and Communications Technology (ICT), agriculture, food processing, space, higher education, capacity building,
Ayurveda, and yoga.
Note:
India and Dominican Republic are set to celebrate the 25th anniversary of establishment of diplomatic
relations in 2024. The diplomatic relations between both the countries were established in May 1999.
Other Political dialogues:
i.India and the Dominican Republic are planning to work in the arena of renewable energy, including under the
International Solar Alliance (ISA).
• The Dominican Republic is in the process of expediting the ratification of the ISA Framework
Agreement.
ii.Additionally, the two countries are poised to deepen their engagement in the Coalition for Disaster Resilient
Infrastructure (CDRI), with India as co-chair and the Dominican Republic representing Small Island Developing
States on the Executive Committee for 2022-2024.
ARAI & IIT Guwahati Signs MoU to Set Up Digital Twin Center for Emerging Automotive Systems
The Automotive Research Association of India (ARAI) has signed a Memorandum of Understanding (MoU) with
the Indian Institute of Technology (IIT) Guwahati(Assam) for establishing a Common Engineering Facility
Center (CEFC) titled “Digital Twin Center for Emerging Automotive Systems” in the Hub and Spoke model.
• This CEFC was established under the Capital Goods Scheme Phase II of the Ministry of Heavy
Industries (MHI) by ARAI in collaboration with industry partner Micelio Mobility Private Limited.
Note: ARAI, the leading automotive R&D organization in India is an autonomous body under the aegis of the
MHI.
About CEFC – Digital Twin Center for Emerging Automotive Systems:
The CEFC will enable “Smart Advanced Manufacturing and Rapid Transformation Hub
(SAMARTH) Udyog Bharat 4.0,” to benefit the industry, particularly Micro, Small, and Medium
Enterprises (MSMEs) and startups, by creating digital twins for the different systems across industries.
• This will support the MSMEs and startups to experiment, experience, upskill and find solutions using
this domain for their needs.
Hub and Spoke:
Hub: Pune(Maharashtra)
Spoke1: Bengaluru(Karnataka)
Spoke 2: IIT Guwahati(Assam)
Components:
i.Digitization of data and environment for effective tuning of Artificial Intelligence and Machine Learning (AI &
ML) models
ii.Digitization of data for system development & training
• Hardware-in-the-Loop (HIL) Farm
iii.Digitization of systems for control development & validation
iv.Digitization of the material development and manufacturing process
v.Material development and characterization without the need for physical prototyping.
Benefits:
i.These facilities can be utilized across Industries for developing technologies, experimentation, design and
simulation, and validation.
ii.The CEFC will also be utilized for the development of new materials, material characterization, and
manufacturing process simulation in different areas ranging from Metals, composites, additive manufacturing,
etc.
Outcomes:
i.Creation of Digital Twin decreases the overall development time for systems development
ii.Validation of Systems can happen even before the prototype is ready.
iii.Front-loading digitization in the development cycle for different application areas.
iv.Experience Centres for technology absorption, do-it-yourself, handling, and experimenting.
Benefits of the Collaborative organisation:
i.Spoke 2 at IIT Guwahati will serve the needs of the industry in the North-East region in the areas of advanced
Digital Twin systems for their indigenous technology developments.
• These facilities will support the across capital goods like Engineering, Automotive, Drones, Solar,
and aerospace among others.
ASDM of Assam Govt & Indian Army signed MoU for upskilling of ex-servicemen
Assam Skill Development Mission (ASDM) under the Skill, Employment & Entrepreneurship Department,
Government of Assam and the Indian Army (Headquarters 51 Sub Area) have signed a Memorandum of
Understanding(MoU) for upskilling ex-servicemen and their dependents.
• This MoU between the Indian Army and ASDM will empower ex-servicemen and their dependents to
get remunerative employment and self-employment.
Key People:
The MoU was signed in the presence of Himanta Biswa Sarma, Chief Minister (CM) of Assam and general officer
commanding-in-chief (GOC-in-C). of Eastern Command, Lieutenant General Rana Pratap Kalita.
Note: ASDM started in 2017 with an aim to build capacity among 1.50 lakhs unemployed youths in a year. It is
registered under Society Act in 2015.
CM unveiled statue of Lachit Borphukan & Swahid Smarak:
Assam CM also unveiled a statue of Lachit Borphukan, a medieval-era Ahom army commander, and a Swahid
Smarak (Martyr’s Column) at Bir Lachit Borphukan Park inside Narengi Military Station in Guwahati, Assam.
• These 2 structures were conceptualised by Major General (Retd.) R.K. Jha, former General Officer
Commanding of 51 Sub Area of the Indian Army in Narengi.
• These structures were funded by the government of Assam.
Note:
CM also announced that a 150-feet-tall statue of Lachit will be installed at Bir Lachit Barphukan Maidam in
Hollongapar, Jorhat, Assam.
About Assam:
Chief Minister – Himanta Biswa Sarma
Governor – Gulab Chand Kataria
Festival – Magh Bihu, Me-Dum-Me-Phi
Statdium – Dr. Bhupen Hazarika Cricket Stadium (Assam Cricket Association Stadium), Nehru Stadium
About Indian Army:
Chief of the Army Staff – General Manoj Pande
Headquarters – New Delhi, Delhi
Established – 1895
Skyroot Signs Two MoUs with French Space Firms to Launch Satellites
Skyroot Aerospace Private Limited, a Hyderabad (Telangana) -based space startup, has signed two memoranda
of understanding (MoUs) with two France-based Space firms Promethee Earth Intelligence and ConnectSAT.
SAC ISRO Signed MoU with NavTech for Optical Wireless Communication Using LiFi Technology
The Ahmedabad (Gujarat) based Space Applications Centre (SAC), under Indian Space Research Organization
(ISRO), has signed a 3-year Memorandum of Understanding (MoU) with Ahmedabad-based Nav Wireless
Technologies Pvt Ltd (NavTech), a leading pioneer in Light Fidelity (LiFi) technology, to use light-based high-
speed communication for satellite communication in space.
• The partnership was recommended by the Department of Telecommunications under the Ministry of
Communication.
• NavTech is the 1st company in India to provide the LiFi technology to SAC (ISRO).
LiFi Technology:
i.It operates by transmitting data through a spectrum of light beams, making it suitable for both indoor and
outdoor environments offering ultra-fast data connections.
REC Signs MoU with NICSI for ICT and Digital Transformation Services
The REC Limited (formerly Rural Electrification Corporation Limited) has signed a Memorandum of
Understanding (MoU) with National Informatics Centre Services Inc. (NICSI) for various Information and
Communications Technology (ICT) and Digital Transformation Services.
• This MoU will support the REC ecosystem by fostering the development of cutting-edge technologies in
areas like the Internet of Things (IoT), Artificial Intelligence, Machine Learning, Data Analytics,
Blockchain, and Cyber Security.
• The collaboration with NICSI will allow REC to provide end-to-end NIC/NICSI Software product
deployment, hosting, core roll-out, technical support, security, services, and system administration.
Note:
REC, a ‘Maharatna’ company under the Ministry of Power is a Non-Banking Financial Corporation (NBFC)
focusing on Power Sector Financing and Development across India.
NICSI comes under the National Informatics Centre (NIC) of the Ministry of Electronics & Information
Technology
MoD Signs Contract with Cochin Shipyard for the Upgradation of INS Beas
The Ministry of Defence (MoD) has signed a contract with Cochin Shipyard Limited (CSL)(Kochi, Kerala) for
mid-life upgrade and re-powering of the advanced guided missile frigate Indian Naval Ship (INS) Beas (F37) at
a cost of Rs 313.42 crore.
i. About the Contract: INS Beas is the first Brahmaputra Class Frigate to be re-powered from steam to
diesel propulsion.
• After completing mid-life upgrade and re-powering in 2026, INS Beas will join the Indian Navy’s
active fleet with a modernised weapon suite and enhanced combat capability.
ii.About INS Beas: INS Beas was the third Ship of the Brahmaputra Class guided missile frigate which was
commissioned into the Indian Navy in 2005, and it was originally built by Garden Reach Shipbuilders and
Engineers (GRSE)Ltd in Kolkata(West Bengal).
IBM & MeitY Signed 3 MoUs to Advance AI, Semiconductor & Quantum Innovation in India
IBM(International Business Machines Corporation) signed 3 Memoranda of Understanding (MoUs) with 3
entities under the Ministry of Electronics and Information Technology (MeitY) to advance and accelerate
innovation in Artificial intelligence (AI), Semiconductor, and quantum technology in India.
• The 3 MoUs were signed with IndiaAI – Digital India Corporation, India Semiconductor Mission
(ISM), and Centre for Development of Advanced Computing (C-DAC).
Key People:
Union Minister of State(Mos) Rajeev Chandrasekhar, MeitY, and Sandip Patel, Managing Director, IBM India &
South Asia, were present at the MoU signing ceremony.
IBM MoU with IndiaAI – Digital India Corporation:
i.IBM and IndiaAI – Digital India Corporation collaborate to establish a world-class national AI Innovation
Platform (AIIP) for India.
ii.To promote India’s scientific, economic, and human-capital development in AI technology, the platform will
focus on AI skilling, ecosystem development, and integrating sophisticated foundation models and generative
AI capabilities.
iii.AIIP gains access to IBM’s Watsonx platform key features, such as the ability to use models in language, code,
and geospatial science, with the intention of training models for more domains as needed.
About IndiaAI:
IndiaAI under the Digital India Corporation(DIC) is a knowledge portal, research organisation and an
ecosystem building initiative.
• It stands to unite and promote collaborations with various entities in India’s AI ecosystem.
• The portal offers the latest and up-to-date information and analysis on AI as news and article
IBM MoU with ISM:
i.IBM is set to become India Semiconductor Mission’s (ISM) knowledge partner for a semiconductor research
center.
ii.IBM will share its experience with ISM on intellectual property, tools, initiatives, and skills development for
promoting innovation in semiconductor technologies such as logic, advanced packaging and heterogeneous
integration, and advanced chip design technologies.
About ISM:
ISM was established in 2021 under the Digital India Corporation aims to build a vibrant semiconductor and
display ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.
AP’s Indian Red Cross Society signs MoU with NCC to Enroll NCC students as YRC Volunteer
The Indian Red Cross Society (IRCS), Andhra Pradesh(AP), has signed a first of its kind Memorandum of
Understanding (MoU) with the National Cadet Corps (NCC) to enroll NCC students as Youth Red Cross(YRC)
Volunteers in Andhra Pradesh(AP).
Signatories: V.M. Reddy, Air Commodore and Deputy Director General of NCC (AP and Telangana) and
A.K. Parida, General Secretary of Indian Red Cross Society, A.P. State branch, signed an MoU
in Andhra Loyola College (ALC) at Vijayawada(AP).
Under this MoU, the IRSC AP will instruct NCC cadets in first aid, CPR, and disaster relief. NCC Cadets
will be encouraged to donate blood in times of need and to participate in environmental activities to
combat climate change.
As a YRC Volunteer, NCC students will extend services during emergencies in AP.
IAF Signs Contract with Indian Manufacturer for Procurement of Automatic Weather Stations
The Indian Air Force(IAF)has signed a contract with an Indian manufacturer for the procurement of
automatic weather stations at 82 IAF locations.
· This technology advancement will significantly improve aerospace safety by providing real-time
weather updates throughout flight operations and training.
· This procurement is especially crucial for India’s strategic positions, including Daulat Beg
Oldie(Ladakh), the highest airstrip at 16,700 feet, as well as Fukche and Nyoma in Ladakh, which
have been approved for conversion into fully operational fighter bases.
· This procurement will also help several advanced landing grounds (ALGS) in Ladakh, including
Tuting, Vijaynagar, Walong, Ziro, and Tawang, as well as various high-altitude helipads.
Note:
The measurement of meteorological characteristics such as ambient temperature, wind speed, wind
direction, humidity, and atmospheric pressure is critical for safe aircraft and helicopter landings and
takeoffs.
India’s HAL, France’s Safran ink MoU to Manufacture Commercial Engine Parts
On October 27, 2023, a memorandum of understanding (MoU) was signed between Hindustan Aeronautics
Limited (HAL) and Safran Aircraft Engines, a French aerospace engine manufacturer, to develop industrial
cooperation in ring forging manufacturing for commercial engines.
Note: HAL is a Navaratna Status Public Sector Undertaking (PSU) under the Ministry of Defence(MoD).
51st meeting of the Executive Committee of NMCG Approves 7 Projects worth Rs 285 Crore
The Executive Committee (EC) of the National Mission for Clean Ganga (NMCG) during its 51st
meeting approved 7 projects worth around Rs. 285 crore. The meeting was held on 12th October 2023 under
the chairmanship of G. Asok Kumar, Director General (DG) of NMCG.
Note: The 50th meeting of the EC of NMCG was held on 31 July 2023 through hybrid mode.
Key People:
The meeting was attended by S.P. Vashishtha, Executive Director (ED) (Admin.), NMCG; Bhaskar Dasgupta, ED
(Finance), NMCG; D.P. Mathuria, ED (Technical), NMCG; Naveen Srivastava, Deputy DG, NMCG and Ms.
Richa Misra, Joint Secretary and Financial Advisor, Department of Water Resources, River Development and
Ganga Rejuvenation, Ministry of Jal Shakti.
Approved Projects:
For sewerage management:
The committee has approved 3 projects for sewerage management: 2 in West Bengal and 1 in Uttarakhand.
West Bengal:
The project in West Bengal includes, a 13.8 Minimal Liquid Discharge (MLD) Sewage Treatment Plant (STP)
with co-treatment of 18.52 Kilo Litres per Day (KLD) septage and associated works at an estimated cost of Rs
92.83 crore.
• The project aims to prevent the untreated discharge into River Jalangi in Krishnanagar Municipal Town
of West Bengal.
The other project aims to integrated Septage Management for Bansberia Municipality by creating a 15 KLD
capacity Faecal Sludge Treatment Plant (FSTP).
Uttarakhand:
For Uttarakhand, an FSTP of 50 KLD was approved in Bahadrabad, Haridwar at a total cost of Rs. 12.65 crore.
Ganga Task Force (GTF):
The EC also approved the extension of the Composite Ecological Task Force (Ganga Task Force (GTF)) to
continue assisting in the rejuvenation of River Ganga.
• The EC also approved one company of Territorial Army to GTF to facilitate the rejuvenation of River
Gomti, a vital tributary of the Ganga.
• The total cost of the project is Rs 134.86 crore.
Note: The GTF would carry out activities such as afforestation, patrolling of sensitive river areas for
biodiversity protection, patrolling along river banks by boats and on foot, and so on.
For wetland conservation:
EC also approved the proposal expecting for the effective management of 3 wetlands in Uttar Pradesh (UP)
namely Kalewala Jheel in Muzaffarnagar, Numaiya Dahi Jheel (Kheduva Taal) in Prayagraj, and Dahtal Reoti
wetland (DRW) in Ballia District.
• These proposals aim to integrate biological diversity and ecosystem service values in river basin
conservation and developmental planning of these important wetlands.
• The project includes maintaining hydrological connectivity with the wetland catchment, promoting good
agricultural practices, and maintaining the naturalness of shorelines, among others.
• It also enhances awareness of wetlands biodiversity and ecosystem services amongst stakeholders and
promotes local stakeholder participation in wetlands management.
Other Approvals:
i.The EC also extended the project “Fish stock enhancement including Hilsa and livelihood improvement for
sustainable fisheries and conservation in River Ganga” implemneted by Indian Council of Agricultural Research
(ICAR)-Central Inland Fisheries Research Institute (CIFRI) under Namami Gange Programme.
4th G20 FMCBG Meeting held in Marrakech, Morocco, October 12-13, 2023
The fourth and last gathering of G20 Finance Ministers and Central Bank Governors (FMCBG) during India’s
presidency occurred in Marrakech, Morocco, from October 12 to 13, 2023.Over 370 attendees, including
Finance Ministers and Central Bank Governors from G20 member countries, Invitee Countries, and Heads of
International Organizations, participated in the event.
• This meeting coincided with the Annual Meetings of the International Monetary Fund (IMF) and
the World Bank Group (WBG).
• The current meeting is being followed by previous meetings that took place in
Bengaluru(Karnataka), Washington DC(United States of America), and Gandhinagar, Gujarat.
• The FMCBG meeting was preceded by the Fourth G20 Finance and Central Bank Deputies (FCBD)
meeting on 11 October 2023 in Marrakesh, Morocco.
• The meeting was organized into 2 sessions covering global economy topics, reinforcing Multilateral
Development Banks, and discussions on crypto assets.
G20 FMCBGs adopt Communiqué at fourth and final G20 FMCBG meeting under Indian G20 Presidency
During this gathering, the G20 FMCBGs collectively approved the G20 Finance Ministers and Central Bank
Governors Communique. The FMCBG communique draws its direction from the G20 New Delhi Leaders
Declaration (NDLD) and has benefited substantially from the consensus achieved at the Leaders’ Summit.
Key Points:
i.The communique reflects the outcomes of the various G20 Finance Track workstreams completed after the
July FMCBG meeting and the G20 New Delhi Summit.
ii.During India’s G20 Presidency, 4 African countries were invited to participate in G20 Summit, and India
actively advocated for the African Union’s permanent membership within the G20.
“Ghar-Ghar KCC Abhiyaan”: An Initiative to Ensure Kisan Credit Card Access for Fish Farmers
The Department of Fisheries under the Ministry of Fisheries, Animal Husbandry & Dairying (MoFAH&D)
conducted a National level meeting on ‘Ghar-Ghar Kisan Credit Card (KCC) Abhiyaan’, which means ‘Door to
Door KCC Campaign’ for fisheries on 19th October 2023 in New Delhi, Delhi.
• Dr. Abhilaksh Likhi, Secretary(Department of Fisheries) chaired the meeting which was attended by
the senior officers from various States and Union Territories, the Reserve Bank of India (RBI), the
National Bank for Agriculture and Rural Development (NABARD), Scheduled Commercial Banks,
State Level Bankers Committees (SLBCs) and Regional Rural Banks (RRBs).
• The ‘Ghar-Ghar KCC Abhiyaan’ initiative aims to ensure KCC Access for Fish Farmers including
fishermen and fish vendors to achieve universal financial inclusion and to avail KCC facilities for all
eligible fish farmers.
• Under the KCC Scheme, 1,59,903 new KKCs were issued for fish farmers with a credit worth of Rs
1746.16 Crore.
Note:
KCC scheme was introduced in 1998 to avail loan facilities to the farmers for their cultivation and other needs.
52nd GST Council Meeting: Ministry of Finance Notifies 18% GST on Corporate Guarantee
On 26th October 2023, the Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of
Finance issued a notification stating that GST (Goods and Services Tax) will be levied on guarantees
provided by corporations to their subsidiaries prospectively. The corporate guarantee would be
taxable from the date of the notification.
· As per the notification, GST at 18% will be levied on 1% of the total amount guaranteed by
the parent company or the actual consideration, whichever is higher.
Background:
This modification was recommended during the 52nd GST Council Meeting, chaired by Union
Finance Minister Nirmala Sitharaman, held on 7th October 2023 in New Delhi, Delhi.
In the exercise of the powers conferred by section 164 of the CGST Act 2017 (12 of 2017), the
government has amended the Central Goods and Services Tax (CGST) Rules, 2017, which will be now
called “CGST (fourth amendment) Rules, 2023”.
Swavlamban 2023: 2nd edition of Indian Navy’s NIIO Seminar held in New Delhi
On 4th October 2023, Union Minister Rajnath Singh, Ministry of Defence(MoD), launched Swavlamban
2023 (Swavlamban 2.0), the 2nd edition of the Indian Navy’s Naval Innovation and Indigenisation
Organisation (NIIO) seminar, in New Delhi, Delhi. The 2-day seminar was held from 4th to 5th October
2023.
• During the seminar 5th Positive Indigenisation List (5th PIL) of the Department of Military Affairs
(DMA), MoD comprising 98 items was released.
• defence minister launched the 76 challenges for the industry under the 10th Defence India Start-up
Challenges (DISC 10) and DISC 10 PRIME of Innovations for Defence Excellence (iDEX).
• He also launched the Indian Navy’s updated Indigenisation Roadmap ‘Swavlamban 2.0’
Note: Swavlamban, the first edition of the NIIO Seminar was held in July 2022.
Fifth Positive Indigenisation List
The Fifth Positive Indigenisation List was prepared by DMA after several rounds of consultations with all
stakeholders.
These items will be procured from indigenous sources as per provisions given in Defence Acquisition
Procedure (DAP) 2020 in the staggered timeline.
• This list focuses on the import substitution of components of major systems besides important
platforms, weapon systems & sensors and munitions which are being developed and likely to
translate into firm orders in the next 5 to 10 years.
• The items in the list will offer visibility and opportunity to the domestic industry to understand the
trend and futuristic needs of the Armed Forces and create required Research and development
(R&D) and manufacturing capacity within India.
PIL:
i.PIL is one of the most important transformative reforms in pursuit of indigenisation.
ii.Previously, DMA had promulgated 4 PLIs comprising 411 military items.
iii.Seperately, the Department of Defence Production (DDP) has notified 4 PIL consisting of a total of 4,666
items, including Line Replacement Units/Sub-systems/Spares & Components for Defence Public Sector
Undertakings (DPSUs).
iDEX DISC 10 & DISC 10 PRIME Challenges
i.Defense Minister launched 76 challenges for the industry under DISC 10 & DISC 10 PRIME of Innovations
for Defence Excellence (iDEX) to celebrate the 76th year of India’s independence.
ii.These challenges encompass problem statements from the three Services, the Indian Coast Guard, DPSUs,
Border Roads Organisation(BRO), and Mission DefSpace.
iii.Additionally, 5 challenges were introduced under the iDEX for Fauji (i4F) scheme.
Indian Space Conclave 2023 held in Delhi; ISpA & France’s GIFAS Inked MoU to Boost Space
Industry
From October 9 to 11, 2023, the 2nd edition of annual Indian Space Conclave (ISC 2023) was held at
Manekshaw Centre in New Delhi, Delhi. The conclave was organized by Indian Space Association (ISpA).
• It was co-hosted by Indian National Space Promotion and Authorization Centre (IN-SPACe), an
autonomous agency in the Department of Space (DOS).
About ISC 2023:
Theme of the Conclave: The theme of ISC 2023 is ‘Bhumandal se Brahaman Tak’ (From Earth to the Entire
Universe)’.
Aim of Conclave: To provide a platform for organizations and stakeholders interested in enhancing India’s
space capabilities and plans
Country of Honour: France was the special guest at the Indian Space Conclave 2023.
Participants: It brought together different Government, Private Industry and Academia stakeholders.
Notable Figures:
Chief Guest: Minister of State (MoS) Dr Jitendra Singh, Ministry of Science and Technology (MoST) (9th
October 2023); Union Minister Nitin Gadkari, Ministry of Road Transport & Highways (MoRTH) (11th October
2023)
Guest of Honour: Thierry Mathou, Ambassador of France to India
ISpA & GIFAS signed MoU to Boost Space Industry Capabilities in France & India
On the first day of ISC 2023, ISpA and GIFAS (Groupement des Industries Françaises Aéronautiques et
Spatiales) signed a Memorandum of Understanding (MoU) during the Indo-French Space Synergy plenary
session.
• ISpA is an apex non-profit industry body, set up exclusively for the successful collaborative
development of the Private Space Industry in India.
• GIFAS is a French Aerospace Industries Association.
Aim of the MoU: To enhance the understanding of space industry capabilities and increase awareness of
business opportunities in France and India
MENA Climate Week 2023: Saudi Arabia Hosts Climate Event ahead of COP28 in Dubai
Middle East and North Africa (MENA) Climate Week 2023, took place from 8-12 October in Riyadh, Saudi
Arabia. It is the 2nd of four Regional Climate Weeks held in 2023 and the event hosted by the
government of the Kingdom of Saudi Arabia. MENA Climate Week is particularly significant as it precedes
COP28, the UN Climate Change Conference scheduled to take place in Dubai on November 2023.
MENA Climate Week was divided into 4 key areas of focus to address climate change
• Energy systems and industry
• Cities, urban and rural settlements, infrastructure, and transport
• Land, ocean, food, and water
• Societies, health, livelihoods, and economies.
It is organized by key international organizations, including the United Nations Framework Convention on
Climate Change (UNFCCC), the United Nations Development Programme (UNDP), the United Nations
Environment Programme (UNEP), and the World Bank. It receives support from other partners like
the Islamic Development Bank, the International Renewable Energy Agency (IRENA), the United Nations
Economic and Social Commission for Western Asia (ESCWA), and the League of Arab States.
Objective: To address challenges, and opportunities related to climate change, with the insights gathered
contributing to the climate ‘stocktake’ at COP28 in November.
The MENA Climate Week features discussions related to the Global Stocktake (GST) of the Paris Agreement,
2015, which aims to mitigate global warming.
• Many countries had identified rising temperatures as a pressing problem and had committed to
taking measures to limit the effects of global warming to a maximum of 1.5°C between 2030 and
2050.
• September 2023 was the warmest on record globally, with an average surface air temperature of
16.38°C.
• The first GST started in Glasgow in 2021 and will conclude at the climate change conference in
Dubai, UAE (at COP 28).
India, Saudi Arabia sign MoU in the fields of Electrical Interconnections, Green and Clean Hydrogen and
Supply Chains
The Memorandum of Understanding (MoU) signed between India and Saudi Arabia during the MENA Climate
Week in Riyadh covers several key areas of energy cooperation.
INDEX
RANKING
India retains 40th rank in Global Innovation Index 2023: Innovation in the face of uncertainty
The World Intellectual Property Organization (WIPO), an agency of the United Nations, published
the 16th edition of the Global Innovation Index (2023). India retains 40th rank among 132 economies.
While Switzerland secured the top spot in the rankings, with Sweden and the United States of America
(USA) following closely.
• Notably, India has made significant progress, climbing 26 places from its 2013 ranking when it
stood at 66th place. India was at 81st place in 2015.
• NITI Aayog, in partnership with Confederation of Indian Industry (CII) and WIPO, has hosted
the virtual India Launch of Global Innovation Index (GII) on September 29, 2023.
360 One Wealth Hurun India Rich List 2023: Mukesh Ambani Tops
“360 One Wealth Hurun India Rich List 2023”, the 12th–anniversary edition of Hurun India Rich List released
in association with 360 One Wealth, is topped by Mukesh Ambani(66), Chairman of Reliance Industries
limited(RIL).
• Mukesh Ambani has regained the title as India’s
richest man with a wealth of Rs 8,08,700 crore.
• Gautam Adani(61), Chairman of the Adani Group, is
ranked 2nd with a wealth of Rs 474800 crore. In
2022 Adani topped the list, he was ahead of Ambani
by a wealth gap of Rs 3 lakh crore.
• With a wealth of Rs 2,78,500 crore, Cyrus
Poonawalla (82) retained the third position in the
list.
Key Points:
i.The list featured 1,319 individuals from 138 different cities with Rs 1,000 crore, a surge by 219 i.e. a rise of
76% over five years. This is the first time that the 1300 mark was broke.
ii.India has added 38 billionaires to its rich list, taking the total tally to 259.
Top 5 in the 360 One Wealth Hurun India Rich List 2023
Rank Individual Company Wealth Estimate (Rs/INR)
1 Mukesh Ambani RIL 8,08,700 crore
2 Gautam Adani Adani Group 4,74,800 crore
3 Cyrus Poonawalla Serum Institute of India 2,78,500 crore
4 Shiv Nadar HCL Technologies 2,28,900 crore
5 Gopichand Hinduja Hinduja Group 1,76,500 crore
Highlights:
i.Manish Kejriwal of Kedaara Capital becomes the first Indian private equity fund manager on the list with
Rs 3,000 crore net worth.
ii.The youngest on the list is 20-year-old Zepto Founder Kaivalya Vohra.
iii.At the age of 94, Mahendra Ratilal Mehta, founder of Precision Wires India Company, debuted on the 360
One Wealth Hurun India Rich List 2023.
iv.With 133 entrepreneurs, the pharmaceutical sector contributed the most individuals to India Rich List
2023.
• It is followed by chemicals & petrochemicals (110) and industrial products (94).
v.With 328 individuals, Mumbai, Maharashtra tops 360 One Wealth Hurun India Rich List 2023, followed
by New Delhi, Delhi (199) and Bengaluru, Karnataka (100).
Forbes’ India’s 100 Richest 2023: Mukesh Ambani Top the List with USD 92 Billion
Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Ltd. topped the Forbes India’s
100 Richest 2023 List with USD 92 Billion. Mukesh Ambani regains the ‘Richest Indian’ title after he slipped to
second spot in 2022.
• With a net worth of USD 68 Billion, Gautam Adani of Adani Enterprises slipped to the second rank
from the first in 2022 and Shiv Nadar of HCL Technologies ranked 3rd with a net worth of USD 29.3
Billion.
• Savitri Jindal of the O.P. Jindal Group is India’s richest woman with a net worth of USD 24 billion.
She ranked 4th in the list with net worth of USD 24 Billion.
• Nikhil Kamath, co-founder of the trading platform Zerodha, is the youngest billionaire at the age of
37. He ranked at 40th position along with his Brother Nithin(44 years old) with a net worth of USD
5.5 Billion.
Top 10 Richest Indians:
Net worth Net worth
Rank Name (in USD Billion) (in Rupees) Company
1 Mukesh Ambani 92 Rs 7,65,348.00 crore Reliance Industries
Mercer CFA Institute Global Pension Index 2023: India ranked 45th out of 47; Netherland tops
According to the 15th annual Mercer CFA Institute Global Pension Index (MCGPI 2023), India is ranked 45th
out of 47countries. The overall index value of India increased from 44.5 in 2022 to 45.9 in 2023. India was
ranked 41st out of 44 in 2022.
• The 2023 Index is topped by the Netherlands with overall index value of 85.0, followed by Iceland
(83.5) and Denmark (81.3).
• With the lowest index value of 42.3, Argentina is ranked 47th in MCGPI 2023.
• The MCGPI 2023 compares 47 retirement income systems across the globe and covers 64% of the
world’s population.
About MCGPI:
i.The MCGPI measures retirement income systems around the world and highlights some shortcomings in each
system, and suggests possible areas of reform that would provide more adequate and sustainable retirement
benefits.
ii.The Global Pension Index is a collaborative research project of the following institution
• CFA Institute of United States (US)- Global association of investment professionals.
• Monash Centre for Financial Studies (MCFS), part of Monash Business School at Monash
University (Australia)
• Mercer – A global leader in redefining the world of work and reshaping retirement and investment
outcomes
Sub Indices:
The Global Pension Index uses the weighted average of the sub-indices of adequacy,
sustainability and integrity to measure each retirement system against more than 50 indicators.
Mercer CFA Institute Global Pension Index 2023:
Rank Country Index Value
1 Netherlands 85
2 Iceland 83.5
3 Denmark 81.3
REPORTS
WB’s India Development Update Oct 2023 Retains India’s FY24 GDP growth at 6.3%
According to India Development Update(IDU) October 2023 released by World Bank(WB), India’s Gross
Domestic Products (GDP) growth for the Financial Year 2023-24 (FY23/24) is retained at 6.3% and for
FY24/25 the growth rate will be at 6.4%.
• India was one of the fastest-growing major economies in FY22/23 at the rate of 7.2%. India’s growth
rate was the 2nd highest among G20 countries.
• The expected moderation is due to the challenging external conditions and reduced pent-up
demand.
• However, service sector activity is projected to remain strong with growth of 7.4%, and investment
growth is expected to stay robust at 8.9%.
Unemployment rate at 6-year low of 3.2% in 2022-23: 6th NSSO Annual PLFS
On October 9, 2023, the National Sample Survey Office (NSSO), Ministry of Statistics and Programme
Implementation (MoSPI) released the 6th Annual Report ‘Periodic Labour Force Survey (PLFS) [July, 2022 –
June, 2023]’ stating Unemployment rate (UR) at 6-year low of 3.2% in 2022-23 under the Usual Status (ps+ss).
It was 6% in 2017-18.
• The UR in Current Weekly Status (CWS) decreased to 5.1% in 2022-23. It was 8.7% in 2017-18.
• The UR under the Usual Status during the one-year period declined for the 5th consecutive year
since it was launched in April 2017 while under CWS it decreased for the 3rd consecutive year since
April 2017.
Assessment:
i.The 6th annual report by NSSO is based on the PLFS conducted during July 2022-June 2023.
ii.Out of the total number of 12,800 FSUs (First Stage Units), 12,714 FSUs (6,982 villages and 5,732 urban
blocks) have been surveyed during July 2022 – June 2023.
iii.The number of households surveyed was 1,01,655 (55,844 in rural areas and 45,811 in urban areas).
iv.The number of persons surveyed was 4,19,512 (2,43,971 in rural areas and 1,75,541 in urban areas).
Key Notes:
i.In Usual Status (ps+ss), employment is determined on the basis of the reference period of 365 days preceding
the date of the survey.
• PS stands for Principal activity status.
• SS stands for Subsidiary economic activity status.
FAO’s 1st Global Estimation of Impact of Disasters on Agriculture: USD 3.8 Trillion Worth Crops
& Livestock Lost Over 30 years
The United Nations Food and Agriculture Organization (FAO) released a report titled ‘The Impact of Disasters
on Agriculture and Food Security 2023-Avoiding and reducing losses through investment in resilience‘ which is
the first–ever global estimation of the impact of disasters on agricultural production focused on crops and
livestock.
• As per the report, the Global aggregated losses for the past 30 years (1991-2021) due to disasters
events amounts to USD 3.8 trillion, corresponding to about USD 123 billion per year.
• This value is equivalent to 5% of global agricultural Gross Domestic Product (GDP), and nearly
300 million tonnes of accumulated losses per year, or the real GDP of Brazil in year 2022.
• The disaster events include floods, droughts, insect infestations, storms, disease and war.
Who prepared the Report?
The report has been prepared and jointly produced by the Statistics Division (ESS) and the Office of
Emergencies and Resilience (OER) of FAO.
Highlights:
i.Between 1991-2021, lower and lower-middle-income countries lost 10% to 15% of their agricultural GDP due
to disasters. Small Island Developing States (SIDS) lost nearly 7% of their agricultural GDP.
ii.Major agricultural products faced increasing losses.
• Cereals lost an average of 69 million tons yearly, equal to France’s entire cereal production in 2021.
• Fruits, vegetables, and sugar crops each lost about 40 million tons yearly. For fruits and vegetables,
the loss is equivalent to Japan and Vietnam’s entire production of fruits and vegetables in 2021.
• Meats, dairy, and eggs faced a yearly loss of 16 million tons, which corresponds to the production in
Mexico and India in 2021.
iii.India’s ban on non-basmati rice exports led to historic low rice availability, causing global prices to rise
significantly.
iv.Losses in Asia represented 4% of agricultural added value, while in Africa, it was nearly 8%.
v.High-income, lower-middle-income, and upper-middle-income countries experienced higher absolute losses.
• However, low-income countries, especially SIDS, suffered the most significant losses in agricultural
added value.
3 Priorities for Action:
The report outlines three key priorities for action
i.Improve data on disaster impacts in agriculture across all sectors: crops, livestock, fisheries, aquaculture, and
forestry.
75% of Beneficiaries of PM SVANidhi Scheme Come from Non-General Category with OBCs
Accounting for 44%, says SBI Report
According to the State Bank of India (SBI) research paper titled “PM SVANidhi: Strengthening the Country’s
Social Fabric by Empowering Grassroot Market Mavericks” 75% of the beneficiaries of the PM SVANidhi
scheme are from the non-general category.
The research was carried out by Soumya Kanti Ghosh, the Group Chief Economic Advisor of SBI.
Sectional Benefits:
The report says that 75% of beneficiaries come from non-general categories with
44% of the beneficiaries belong to the Other Backward Class(OBC) category.
22% of the total disbursement of the scheme benefitted people from Scheduled Castes(SC) and
Scheduled Tribes(ST).
It is to be noted that out of the total beneficiaries, 43% were women.
About PM SVANidhi:
i.Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi(PM SVANidh), is a micro-credit scheme launched by the
Ministry of Housing & Urban Affairs (MoHUA) in 2020
ii.The scheme aims to provide working capital loans to street vendors.
iii.About 70 lakh loans (with a value of Rs 9,100 crore) were disbursed under the scheme.
iv.The scheme offers an interest subsidy of 7% per annum on timely/early repayment of the loan.
Persistency Ratio:
i.The report says that 68% of people repay the first loan (of Rs 10,000) and take the second loan (of Rs 20,000.)
75% of people repay the second loan (of Rs 20000) and take the third loan (of Rs 50,000)
ii.This increased persistency ratio (2nd loan/1 st loan repaid) indicates the need and popularity of PM
SVANidhi Scheme.
Other Highlights:
i.The average amount of money spent by PM SVANidhi account holders using their debit cards increased by
50%( to Rs 80,000) in the financial year 2022-23 as compared to the financial year 2020-21.
The average spending per annum increased by Rs 28,000.
ii.65%(roughly Two-thirds) of the borrowers under the scheme are in the age group of 26-45.
iii.On average, 63% of people under age 25 and over age 60 spend more money after they receive a loan.
OECD’s International Migration Outlook 2023: India Remains Top Country of Origin for New
Migrants to OECD Nations in 2021
According to the “International Migration Outlook: 2023” published by the Organisation for Economic Co-
operation and Development (OECD), for the 2nd consecutive year, India has retained its position as the top
country of origin for new migrants to the member countries of OECD in 2021.
More than 407,000 people (excluding students) have migrated from India to OECD countries in 2021.
This accounts to around 7.5% of the total migration flow. This was 86% higher than 220,000
Indians in 2020.
China is ranked 2nd with 227,000 new migrants followed by Romania (215,000); Ukraine (189,000);
and Germany(119,000).
Note: OECD is a group of 38 countries, most of which are high-income and ranked very high on the Human
Development Index (HDI).
International Migration Outlook 2023:
i.The 2023 report constitutes the 47th report of the OECD’s Continuous Reporting System on Migration.
The 2023 edition analyses the recent developments in migration movements and the labour market
inclusion of immigrants in OECD countries.
ii.This also monitors recent policy shifts in migration governance and integration in OECD countries.
iii.This edition features special chapters on the labour market integration of migrant mothers and fertility
patterns among migrant populations in OECD countries.
Migration Flows to OECD Countries:
i.The report shows that OECD countries witnessed a remarkable 26% rise in permanent migration, reaching 6.1
million in 2022, the highest since 2005.
Notably, 15 out of 38 OECD countries recorded their highest levels of permanent migration in 15 years,
owing partly to rising labour migration addressing skill shortages.
ii.The OECD saw a remarkable rise in asylum applications, over 2 million in 2022, nearly doubling the 2021
figures and exceeding the previous record of 1.7 million in 2015.
This was largely driven by increased applications in the United States of America (USA) and Europe.
iii.The aftermath of Russia’s aggression against Ukraine resulted in millions of Ukrainian refugees in OECD
countries.
Germany and Poland accommodated the most significant numbers.
While Estonia, the Czech Republic, and Lithuania housed the highest proportions relative to their
populations.
Labour Market Outcomes for Migrants:
i.The OECD witnessed a substantial rise in migrant employment in 2022, with the employment rate reaching
72.3%, nearly on par with native-born populations.
The increase in labour migration is closely linked to skill shortages across OECD nations, prompting
policy adjustments in countries like Australia, Germany, and Spain.
ii.The 2023 report focuses on the unique challenges faced by immigrant women, revealing that the gender gap
in migrant employment is often twice as large as that among native-born populations.
iii.Immigrant mothers face even greater employment disparities compared to childless immigrant women and
their native-born counterparts, with an average 20% difference in employment rates.
Addressing gender disparities in migrant integration could bring an additional 5.8 million immigrant
women into the workforce, underscoring the significance of gender-inclusive policies.
Cirium’s Monthly Report: Bengaluru’s KIA tops as World’s Most Punctual Airport
According to ‘The On-Time Performance Monthly Reports – Airports for September 2023’ published by
aviation analytics firm Cirium, Kempegowda International Airport (KIA) in Bengaluru (Karnataka) has
secured the top position as the world’s most punctual Airport for the past 3 consecutive months(July, August,
and September 2023).
• KIA maintained an on-time departure experience for passengers, with 87.51% punctuality in July,
89.66% in August, and 88.51% in September.
• As per the report, on-time departure ranking measures the percentage of flights that departed
within 15 minutes of the scheduled time.
• Cirium conducts an extensive evaluation of flight data for global airports. Airports are classified
based on seat capacity, gate departure coverage of 80% or more, and flight volume.
The classifications include Global Airport (25 – 40 million passengers), Large Airport (25 – 40 million
passengers), Medium Airport (15 – 25 million passengers), and Small Airport (5 – 15 million passengers).
Anne L’Huillier, Pierre Agostini, and Ferenc Krausz Wins the Nobel Prize in Physics 2023
Anne L’Huillier of France, Pierre Agostini of France, and Ferenc Krausz of Hungary were awarded the 2023
Nobel Prize in Physics “for experimental methods that generate attosecond pulses of light for the study of
electron dynamics in matter.”
• The Nobel Prize in Physics is awarded by the Royal Swedish Academy of Sciences, Stockholm,
Sweden.
• Anne L’Huillier is the fifth woman to receive the Nobel Prize in Physics.
Winners of the Nobel Prize in Physics 2023:
Nobel
laureates Awarded For
Anne
L’Huillier
Pierre For experimental methods that generate attosecond pulses of light for the study of electron
Agostini dynamics in matter
Note:
To measure the faster events, the measurement must be done more quickly than the time taken by the event. In
order to capture the movements of an electron that moves in attoseconds, we must use a measurement system
in attoseconds time scale.
Pathway for the creation of attosecond pulses:
i.Anne L’Huillier Findings:In 1987, Anne L’Huillier and her colleagues did an experiment of passing an
infrared laser beam through a noble gas that produces overtones.
• Each overtone is a light wave with a given number of cycles for each cycle in the laser light.
• Anne L’Huillier’s discoveries laid the foundation for subsequent breakthroughs.
Alexey Ivanovich Ekimov, Louis Eugene Brus, and Moungi Gabriel Bawendi Wins Nobel Prize in
Chemistry 2023
Alexey Ivanovich Ekimov of Russia, Louis Eugene Brus of the United States of America (USA),
and Moungi Gabriel Bawendi of the USA were awarded the 2023 Nobel Prize in Chemistry “for the discovery
and synthesis of quantum dots”.
• The Nobel Prize in Chemistry was awarded by the Royal Swedish Academy of Sciences, Stockholm,
Sweden.
Winners of the Nobel Prize in Chemistry 2023:
Nobel laureates Awarded For
Alexei Ekimov
Louis Brus
Moungi Bawendi “For the discovery and synthesis of quantum dots”
Click here to view the official link
Prize Money: Recipients of the Nobel Prize are presented with a Nobel Prize diploma(certificate), a gold medal,
and a cash award. The Nobel Prize amount for 2023 is set at Swedish kronor (SEK) 11 million per full Nobel
Prize.
About the laureates:
i.Alexei I. Ekimov: Alexei I. Ekimov was born in 1945 in the former Union of Soviet Socialist Republics (USSR).
• He served as Chief Scientist at Nanocrystals Technology Incorporation, New York, NY, USA.
ii.Louis E. Brus: Louis E. Brus was born in 1943 in Cleveland, Ohio, USA.
Nobel Laureate Narges Mohammadi Conferred with Mother Teresa Memorial Award for Social
Justice 2023
Narges Mohammadi, Iranian women’s rights campaigner and the 2023 Nobel Peace Prize Laureate, will be
conferred with the Harmony Foundation’s Mother Teresa Memorial Award for Social Justice 2023.
• The announcement was by Abraham Mathai, the
founder-chairman of Harmony Foundation, a
Mumbai(Maharashtra)-based Non-governmental
Organisation NGO.
• This award recognise Narges’s unwavering courage in
risking her life as a fearless defender and advocate of
human rights against the fundamentalist regime of
Iran, truly embodying humanity in action.
• The 19th Mother Teresa Memorial Award for Social
Justice Award (2023) Ceremony is scheduled for November 26, 2023, in Mumbai, Maharashtra.
Note: Narges Mohammadi is currently serving a 10-year, 9-month jail sentence in Evin Prison in Tehran (Iran)
on various charges, including actions against national security and propaganda against the state.
About Narges Mohammadi:
i.She from Iran is a woman Human Rights Defender (HRD), and Deputy Director and spokesperson of the
Defenders of Human Rights Centre (DHRC) in Iran.
ii.She began her activism in the 1990s as a young physics student and was first arrested in 2011 for her work
with imprisoned activists and their families.
iii.She has fought against the oppression of women in Iran for 30 years and opposes the death penalty in a
country that reports most state executions.
iv.She has been imprisoned 13 times and convicted 5 times. In total, she has been sentenced to 31 years in
prison and 154 lashes by the Iranian regime.
v.She has also authored a book titled “White Torture: Interviews with Iranian Women Prisoners” in 2022.
Awards:
i.In 2023, she was awarded the Nobel Peace Prize, for her fight against the oppression of women in Iran and
her fight to promote human rights and freedom for all.
Nobel Prize in Economics 2023: Professor Claudia Goldin 3rd Woman to Won the Award
Professor Claudia Goldin of Harvard University, Cambridge, Massachusetts, the United States of America
(USA) won the 2023 Nobel Economics Prize, formally known as the Sveriges Riksbank Prize in Economic
Sciences in Memory of Alfred Nobel, for her research contributions to the understanding of women’s roles
and outcomes in the labour market.
• The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm,
Sweden, it shares the same principles as the Nobel Prizes, which have been awarded since 1901.
• Claudia Goldin is the 55th recipient of the Economic Science Prize since its inception in 1969.
International Olympic Committee Announced the Winners of the Inaugural IOC Climate Action
Awards
The International Olympic Committee (IOC) announced the winners of the inaugural IOC Climate Action
Awards, which recognise athletes, International Federations (IFs), and National Olympic Committees
(NOCs) for their efforts to combat climate change.
• IOC Climate Action Awards 2023 were awarded
under 3 categories: sustainable travel, innovation,
and athlete advocacy.
About IOC Climate Action Awards:
The IOC Climate Action Awards was introduced in November
2022, with the goal of highlighting how sport can play an
essential part in addressing the climate issue.
• More than 70 applications were received from
across the Olympic Movement.
• The 2023 awards are supported by Worldwide Olympic and Paralympic Partners Airbnb,
Deloitte and Procter & Gamble (P&G).
Army Chief Presents the President’s Colours to 3rd Battalion of Naga Regiment
General Manoj Pande, the Chief of Army Staff presented the ‘President’s Colours’(represented by a flag) to the
3rd Battalion of the Naga Regiment during the Colour presentation parade held at Kumaon Regimental Centre,
Ranikhet, Uttarakhand. It was received by Col Lalit Chandra Kandpal, the Commanding Officer of the 3rd
Battalion of the Naga Regiment.
• The President’s Colour, also called ‘Nishan’, is bestowed upon a military unit in recognition of
exceptional service rendered to the country, both in peace and in war.
• The Naga regiment’s 3rd battalion was created on October 1, 2009, in Haldwani, situated in the Kumaon
Hills, which were home to the Kumaon and Naga regiments.
• The first battalion of the Naga Regiment was raised in Ranikhet in 1970.
• The Naga regiment’s 3rd battalion has received one Vishisht Seva Medal, 11 COAS (chief of Army Staff)
commendation cards, 12 VCOAS (vice-head of Army Staff) commendation cards, 37 GOC-in-C
commendation cards, and one force commander (UN Mission) commendation card since its formation.
Note:
Indian Navy was the first Indian Armed Force, to be awarded the President’s Colour by then President Dr
Rajendra Prasad on 27 May 1951.
RBI Governor Shaktikanta Das receives award for A+ ranking in Global Finance’s Central
Banker Report Cards 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das was awarded the “Best Central Bank Award 2023” for
being ranked ‘A+’ in the Global Finance Central Banker Report Cards 2023. The award was presented
during the 30th annual World’s Best Banks Awards ceremony held at Marakesh, Morocco.
• Shaktikanta Das was rated as A+ in Global Finance’s Central Banker Report Cards 2023.
Other A+ rated governors:
Thomas J. Jordan, the Governor of Swiss National Bank (SNB) and Nguyen Thi Hong, the Governor of State
Bank of Vietnam(SBV) were also rated A+ in Central Banker Report Cards 2023.
Central Banker Report Cards:
i.The Central Banker Report Cards is an annual publication by Global Finance magazine that grades the central
bank governors of 101 key countries, territories, and districts.
ii.The grades are based on a scale from A to F, with A representing excellent performance and F representing
outright failure.
iii.The grades are based on the central bank governors’ success in inflation control, economic growth goals,
currency stability, and interest rate management.
iv.The Central Banker Report Cards recognize central bank governors who have developed and implemented
American Actor Michael Douglas to receive Satyajit Ray Lifetime Achievement Award: 54th IFFI
at Goa
American actor and producer Michael Douglas will be honoured with the Satyajit Ray Lifetime Achievement
Award at the 54th International Film Festival of India(IFFI) to be held in Goa from 20th to 28th November,
2023.
• The announcement was made by Union
Minister Anurag Singh Thakur, Ministry of
Information and Broadcasting (MIB).
About Michael Douglas:
i.Michael Douglas is best known for his roles in films like ‘Wall
Street,’ ‘Fatal Attraction,’ ‘Wonder Boys’ and ‘Behind the
Candelabra.’.
ii.He has also produced a several films like “One Flew Over the
Cuckoo’s Nest” (1975), “The China Syndrome” (1979), and “The
Game” (1999).
Awards:
i.He has received several awards including 2 Academy Awards(Oscars) and a Primetime Emmy Award.
• He won the Academy Award 1988 and a Golden Globe 1988 for his role in Wall Street.
• As the producer of the Movie ‘One Flew over the Cuckoo’s Nest’, he won Academy Award 1975.
• He won The Emmy Award: Outstanding Lead Actor In A Miniseries Or A Movie for ‘Behind the
Candelabra’ in 2013.
ii.He also received Golden Globe Cecil B. DeMille Award in the year 2004.
iii.Michael Douglas received the Honorary Palme d’Or at the 76th Festival de Cannes on May 2023
UN Messenger of Peace
i.In 1998, Michael Douglas was appointed as United Nations (UN) Messenger of Peace by UN Secretary-
General Kofi Annan for his commitment on nuclear abolition and the prevention of small arms proliferation.
• He also play a crucial role in advancing Sustainable Development Goal 16 (SDG 16).
ii.As UN Messenger of Peace, he hosted the documentary “What’s Going On?” filmed in Sierra Leone (a
country in West Africa). It is a part of a UN/Showtime ten-part series.
About the Satyajit Ray Lifetime Achievement Award:
i.The Satyajit Ray Lifetime Achievement Award is presented to individuals for their outstanding contribution to
the growth and development of World cinema.
ii.It was instituted in 1999 at the 30th IFFI which was held in Hyderabad (Telangana).
iii.Spanish film Director Carlos Saura was awarded with Satyajit Ray Lifetime Achievement award in 53rd IFFI
in 2022.
• Other noted recipients of the award includes Martin Scorsese(IFFI 52), Wong Kar-wai(IFFI 45),
Krzysztof Zanussi (IFFI 43), Dilip Kumar(IFFI 38) and Bernardo Bertolucci(IFFI 30).
Note: IFFI is the only film festival in South Asia to be accredited by the International Federation of Film
Producers’ Associations (FIAPF) in Competitive Feature Films Category.
MSDE Dharmendra Pradhan Launched IndiaSkills 2023-24 & Felicitates World Skills 2022
Winners
Union Minister Dharmendra Pradhan, Ministry of Skill Development & Entrepreneurship (MSDE) launched
the IndiaSkills 2023-24, India’s most significant National Skill Competition program.
Mahsa Amini & Iranian women protest movement Won the 2023 Sakharov Prize of European
Parliament
On October 19, 2023, Roberta Metsola, President of European Parliament named Jina Mahsa
Amini and Iranian women protest movement as the winners of Sakharov Prize for Freedom of Thought 2023
(Sakharov Prize), the European Union’s (EU) top human rights prize.
• The prize will be given at a ceremony in European
Parliament’s hemicycle in Strasbourg, France on
December 13, 2023.
Note:
• Mahsa Amini and the women of Iran were
nominated by the European People’s Party.
• The Socialists and Democrats and Renew
Europe also nominated Mahsa Amini and the
Woman, Life, Freedom Movement as representatives
of the fight for women’s rights in Iran.
About Jina Amini & The Women of Iran:
i.Jina Mahsa Amini, the 22-year-old Kurdish Iranian woman, was arrested for allegedly violating Iran’s
mandatory hijab (headscarf ) law in September 2022. She died 3 days after arrest.
ii.Her death under suspicious circumstances led to the massive women led protests in Iran.
iii.The women are protesting under the slogan ‘Woman, Life, Freedom’ i.e. Iranian Women Protest Movement
against the hijab law and other discriminatory laws.
About Sakharov Prize for Freedom of Thought:
i.It was established in 1988 by the European Parliament, honors individuals and groups defending human
rights.
ii.The award is named after Soviet physicist and political dissident and Nobel Peace Prize laureate Andrei
Sakharov.
iii.The award carries a cash prize of 50,000 Euro.
• In 2022, it was presented to the People of Ukraine represented by their President (Volodymyr
Zelenskyy), elected leaders and civil society.
The first prize in 1988 was awarded jointly to South African Nelson Mandela and Russian Anatoly
Marchenko.
Gujarat’s Dhordo featured among UNWTO’s Best Tourism Villages 2023; MP’s Madla selected
for Upgrade Programme
On October 19, 2023, the Dhordo village in Kutch district of Gujarat, India named in the 3rd edition of Best
Tourism Villages 2023 list released by the United Nations World Tourism Organization (UNWTO). While,
Madla village from Madhya Pradesh’s Panna district has been picked for the UNWTO’s Best Tourism Villages
Upgrade Programme
• The announcement was made during the UNWTO General Assembly in Samarkand, Uzbekistan.
Army Commanders’ Conference 2023: Udhampur Military Station Bags ‘Best Green Military
Station’ Award
Udhampur Military Station in the Indian Union Territory (UT) of Jammu and Kashmir (J&K) bagged the ‘Best
Green Military Station‘ award. The award recognises the station’s environmental efforts and highlights the
commitment of the Indian Army to strive for excellence.
• The award was presented by the Chief of Army
Staff (COAS), General Manoj Pande, during the
2nd edition of Army Commanders’ Conference
(ACC 2023) held from 16th to 20th October 2023
in New Delhi, Delhi.
Note: ACC is an institutional platform for deliberations at the
conceptual level, facilitating important policy decisions for the
Indian Army.
Other Awards:
i.During the award ceremony, the Dehradun Military
Station (Uttarakhand) was acknowledge for securing the title of the “Second Best.”
ii.The Bikaner Military Station (Rajasthan) was honoured with the “Best Transformative Station” trophy.
iii.The 671 Army Aviation Squadron Reconnaissance and Observation (R&O) was honoured with the COAS
Flight Safety Trophy’ for the year 2022-23.
• The award recognised their determined commitment to maintaining the highest standards of flight
safety and proficiency.
• This award highlights the supreme importance of safety and proficiency within the Army Aviation
Corps (AAC), the youngest Corps of the Indian Army.
Note: The award cermony offers a significant platform to validate and acknowledge extraordinary efforts
within the Indian Army
Army Commanders’ Conference 2023:
Army Commanders’ Conference 2023 served as a platform for high-ranking military officials to engage in
strategic discussions that lead to significant policy decisions for the Indian Army.
8th WIF: ICAI Receives ISAR Honours 2023 from UNCTAD; TN’s Guidance wins UN Promotion
Award
The Institute of Chartered Accountants of India (ICAI) has been awarded the ISAR Honours 2023, 6th edition
of ISAR Honours, by the United Nations Conference on Trade and Development (UNCTAD) working group on
International Standards for Accounting and Reporting (ISAR).
• The award was presented during the 8th World
Investment Forum (WIF) held from October 16-20,
2023 in Abu Dhabi, United Arab Emirates (UAE) on
the theme ‘Investing in Sustainable
Development’.
• The award acknowledged ICAI’s initiative of
Sustainability Reporting Standards Board (SRSB)
which received the highest score in 2023 ISAR
HONORS session among 70 initiatives from around
the world.
Note: ISAR Honours ceremony 2023 celebrates the 6th anniversary since its launch in 2018.
About World Investment Forum (WIF):
It is a biennial Forum, organised by UNCTAD since 2008 to monitor the mainstreaming of SDGs by IPAs and
conducts regular surveys.
• The 7th World Investment Forum was held virtually from 18th to 22nd October 2021 due to COVID-
19 pandemic. It was originally planned to take place in Abu Dhabi, UAE.
Highlight:
ICAI also received UNCTAD ISAR Chair for the 40th session, a second consecutive session for ICAI, during WIF.
• CA. (Dr.) Sanjeev Kumar Singhal, Central Council Member from ICAI chaired the UNCTAD ISAR
session.
Key Initiatives by ICAI:
i.In 2022, ICAI formed a Section 8 Company , ‘The Institute of Social Auditors of India (ISAI)’, to fostering
proficient, ethical and world-class social auditors, at par with the expectations of the stakeholders.
ii.ICAI also issued 16 audit standards on social audits across 16 thematic focus areas, making India the first
country in the world to have social impact assessment standards.
About ISAR Honours:
UNCTAD launched the pilot edition of ISAR Honours on 24 October 2018. This aims to support efforts on
enhancing the quality and comparability of companies’ reporting on their contribution to the 2030 Agenda for
Sustainable Development.
Objective: To raise awareness and facilitate dissemination of national and international best practices on
sustainability and Sustainable Development Goals (SDGs) reporting as an integral of annual reporting by
companies.
About ISAR:
ISAR is a Standing Intergovernmental Working Group of Experts on International Standards of Accounting and
Reporting created by Economic and Social Council (ECOSOC) in 1983 and coordinated by UNCTAD.
TN’s Guidance wins UN Promotion Award
Guidance the Investment Promotion Agency (IPA under the Department of Industries, Investment Promotion
CJI Chandrachud receives Harvard Law School’s ‘2022 Award for Global Leadership’
The Chief Justice of India(CJI) Dhananjay Yeshwant(DY) Chandrachud has been felicitated with the
‘2022 Center on the Legal Profession(CLP) Award for Global Leadership’ by The Harvard Law School
Center of Harvard University, Massachusetts, United States of America(USA).
• He was announced as the recipient of the award in
December 2022.
• He was awarded in recognition of his lifetime service
to the legal profession in India and around the world.
About the award:
i.The Center on the Legal Profession Award for Global
Leadership is the highest professional distinction of Harvard
Law School.
ii.Dana Remus who is the Former White House Counsel is
announced as the recipient of the award for the year 2023.
About D Y Chandrachud:
i.D Y Chandrachud was appointed as 50th CJI in 2022 with a tenure of 2years(till November 2024).
ii.Prior to be appointed as CJI, he was serving as a Judge of the Supreme Court(SC) of India (from 2016).
iii.From 2013 to 2016 he was Chief Justice of the Allahabad High Court.
iv.He was Additional Solicitor General of India from 1998 to 2000; In 2000, he was appointed as a Judge in
Mumbai High Court.
v.He is the son of 16th CJI(1978-85) Yeshwant Vishnu(YV) Chandrachud.
About CJI:
i.Article 124(1) of the Constitution of India states that there shall be a Supreme Court of India consisting of a
Chief Justice of India.
ii.Article 126 of the constitution deals with the appointment of an acting CJI.
iii.The CJI is appointed by the President of India under clause (2) of Article 124 of the Constitution of India.
Dr. Jitendra Singh Awards ‘Anubhav’ Prizes in 2023 and Speaks at Pre-Retirement Counselling
(PRC) Workshop and All India Pension Adalat
The Department of Pension and Pensioners’ Welfare (DoP&PW) hosted the Anubhav Awards 2023
Ceremony at Vigyan Bhawan, New Delhi on October 23.
Dr. Jitendra Singh emphasized various administrative initiatives that
have been put in place, ensuring the timely disbursement of
pensionary benefits to retiring employees.
i.These initiatives include:
Pre-Retirement Counselling workshops
Anubhav Awards
Pension Adalat
ii.One remarkable aspect is the ‘Whole of Government‘ approach,
which remained robust even during the COVID-19 pandemic.
iii.The Bhavishya portal has evolved and now incorporates technology to ensure timely delivery of Pension
Payment Orders to retirees.
iv.In a move to streamline and modernize, the government has repealed over 1,500 redundant laws since 2014
and introduced provisions like self-attestation.
This aligns with the philosophy of “Minimum Government-Maximum Governance,” with the goal of
bringing Ease of Living to the common citizen.
Anubhav Awards 2023:
After evaluation, 4 individuals from 8 different ministries, departments, and organizations were honored with
Anubhav Awards, and 9 jury certificates were also awarded for the first time to foster broader participation.
Award recipients received medals, certificates, and a cash prize of Rs. 10,000, while jury certificate
This initiative, which was initiated by the Prime Minister, has been remarkably successful in promoting the
sharing of experiences and ideas, resulting in the publication of 1,901 Anubhav write-ups, the highest number
to date since its launch in March 2015.
Highest of these submissions came from the Central Industrial Security Force (CISF).
Presented by: Dr. Jitendra Singh, Union Minister for Personnel, Public Grievances & Pensions.
S.No. Anubhav Awards
1 Sh. Mohammad Jamshed, IRTS Member (Traffic), Ministry of Railways
2 Sh. Yogender Chaudhary, IRS (IT) Chief Commissioner Income Tax CBDT
3 Sh. P. Damodar Bhat Sr. Superintendent, RMS, Department of Posts
4 Sh. Bhola Ram Thakur Assistant Director (OL), DRDO
S.No. Jury Certificate Winners
UST Won Mahatma Awards 2023 for CSR Excellence in Community Initiatives
UST, a leading digital transformation solutions company, has been recognized by the 2023 Mahatma
Awards for Corporate Social Responsibility (CSR) Excellence in Community Initiatives, for sustainable and
impactful contributions to CSR in areas such as education, health, livelihood, environment, and disaster relief.
The Mahatma Awards serve to highlight individuals and
organisations addressing complex global challenges
including poverty, hunger, education, climate
change, and healthcare accessibility.
The Mahatma Award 2023 consolidates UST’s profound
commitment to community welfare and global
impact.
Note: This is the 2nd time that UST won the Mahatma Award
for CSR Excellence in Community Initiatives. UST also won the
Mahatma Award 2022 for the same category.
CSR Initiatives of UST:
i.UST’s impactful CSR initiative, the Adopt-a-School program, has significantly influenced the lives of more
than 32,000 students across India and Mexico.
UST supports over 104 schools, emphasizing the importance of accessible and quality education.
ii.UST’s humanitarian steps extend to medical aid for individuals with disabilities, and habitat restoration
projects in Kerala.
iii.A noteworthy conservation and sustainable livelihood project that cultivated 75,000 medicinal saplings in
2022, benefiting farmers in diverse Indian regions.
iv.Demonstrating its global standards, UST pledged USD 100,000 to aid victims of the conflict in Ukraine.
v.In a display of social responsibility, UST’s Bengaluru (Karnataka) CSR team acted promptly during the
devastating 2023 floods.
About Mahatma Awards:
i.Mahatma Awards were founded and instituted by social entrepreneur and philanthropist Amit Sachdeva, also
known as ‘The CSR Man of India’ and are supported by Aditya Birla Group.
ii.It acknowledges and celebrates global leaders dedicated to fostering positive social change.
iii.Since its inception in 2017, the Mahatma Awards has honored the most accomplished social and community
initiatives within the private and public sectors, from sustainability to philanthropy to shared value to CSR.
iv.The Mahatma Awards were presented annually on 2nd October, which is the birth anniversary of Mahatma
Gandhi.
Sachin Tendulkar Named as ‘Global Ambassador’ for ICC ODI World Cup 2023
Former Indian cricket Player Sachin Tendulkar was named as the ‘Global Ambassador’ for the International
Cricket Council (ICC) Men’s Cricket One Day International (ODI) World Cup 2023.
• Sachin unveils the World Cup trophy before the inaugural
match between England and New Zealand on 5th October
2023.
• Sachin has played six ODI World Cups including 1989,
1992, 1996, 2003, 2007, and 2011.
Other ambassadors of ICC ODI World Cup 2023:
It includes Suresh Raina(India), Mithali Raj (India), Vivian
Richards(West Indies), AB de Villiers( South Africa), Eoin
Morgan(England), Aaron Finch(Australia), Muttiah Muralitharan(Sri
Lanka), Ross Taylor(New Zealand) and Mohammad Hafeez(Pakistan).
About ICC Men’s World Cup 2023:
i.The 13th edition of the Men’s ODI World Cup is set to be held from 5th October to 19th November 2023,
comprised 48 matches across 10 venues in India.
• Both the inagural and final matches set to be held in Narendra Modi Stadium in Ahmedabad, Gujarat.
ii.Mascot: ICC announces two mascots including ‘Blaze‘(female mascot- Bowler) and ‘Tonk’ (male mascot –
Batsmen).
iii. India won the men’s world cup twice, including in 1983 and 2011..
• Sachin Tendulkar was also part of the 2011 ODI World Cup-winning team.
About Sachin Tendulkar:
i.He represented India for 24 years, scoring 15,921 runs in Tests and 18,426 runs in one-day
internationals (ODI). He holds the record for most runs in international cricket with 34357 runs.
ii.He is the recipient of Bharat Ratna (2014), Padma Vibhushan(2008), Padma Shri(1999) for his achievement
in sports. He has also received the Rajiv Gandhi Khel Ratna (1997) and Arjuna Award(1994) for cricket.
iii.‘Playing it my Way’ co-authored by Boria Majumdar and Sachin is the official autobiography of Sachin.
About International Cricket Council (ICC):
Chairman – Greg Barclay
Headquarters – Dubai, United Arab Emirates (UAE)
Established – 1909
MyGov chief Akash Tripathi to take additional charge as CEO of India Semiconductor Mission
Akash Tripathi, chief executive officer (CEO) of India’s citizen engagement platform MyGov, is set to become
the CEO of India Semiconductor Mission(ISM) as additional charge from 9th October 2023.
• Akash Tripathi will succeed Amitesh Kumar Sinha whose tenure ends on 4th October 2023.
• Akash Tripathi, a 1998 batch IAS officer from Madhya Pradesh cadre has been CEO of MyGov since
October 2022.
• Akash Tripathi was also MeitY’s nodal officer for social media content takedowns under Section 69
of the IT Act.
ISM was established in 2021 with a financial commitment of USD 10 billion (Rs. 76,000 crores) under the
Digital India Corporation of the Ministry of Electronics and Information Technology(MeitY)
• ISM acts as the nodal agency for the Semiconductor Fab Scheme and Display Fab Scheme.
PayU India CEO Anirban Mukherjee promoted as Global CEO of PayU GPO
Anirban Mukherjee has been promoted as the global Chief Executive Officer (CEO) of PayU Global Payment
Organisation (GPO), a payments and fintech business of Prosu. Currently, he is a part of the PayU global
leadership team and serves as the CEO of PayU India.
• He replaces Laurent Le Moal, the incumbent global CEO
of PayU GPO, who steps back from the operational
management of the day-to-day business. Le Moal will
remain with Prosus and PayU in an advisory capacity.
Roles & Responsibilities:
In his new position, Anirban Mukherjee will be responsible for
PayU’s business operations. He will join the Prosus leadership
team and report directly to Ervin Tu, Prosus and Naspers Interim
CEO.
• The development comes 2 months after the Netherlands-based Prosus sold PayU’s GPO business to
Israeli company Rapyd headquartered in London (United Kingdom-UK) for USD 610 million.
Note:
• PayU is one of India’s leading Payment Gateways.
• Prosus is a global consumer internet group and one of the largest technology investors in the world.
Prosus is majority-owned by Johannesburg (South Africa) multi-national Naspers.
About Anirban Mukherjee:
i.Anirban Mukherjee has been serving as the CEO of PayU India since 2019.
ii.With over two decades of experience, Anirban Mukherjee has a deep understanding of global payments,
credit, and digital banking. His expertise spans the United States of America (USA), India, and the broader Asia-
Pacific region (APAC).
iii.He was a part of Jio’s leadership team, where he played a pivotal role in driving payments, merchant
services, and digital financial services.
• At Jio, he served as the Co-CEO of Reliance Payments Solution Ltd.
iv.Prior to Jio, he worked with Standard Chartered Bank in India and APAC, as well as senior executive
leadership with CapitalOne in the USA.
About PayU India:
CEO– Anirban Mukherjee
Headquarters– Gurugram, Haryana
Founded in– 2014
ACC Extends SBI Chairman Dinesh Khara’s Tenure till August 2024 & MD Ashwini Tewari’s
Tenure by 2-year
The Appointments Committee of the Cabinet(ACC) has extended the tenure of the Chairman of the State Bank
of India (SBI) Dinesh Kumar Khara till 28th August 2024 or till he attains the age of 63 years, or until further
orders, whichever is earlier.
• He has been serving as the chairman of SBI since 7th October 2020. His 3 year tenure ended on 6th
October 2023.
ACC has also extended the tenure of Ashwini Kumar Tewari as the Managing Director(MD) of SBI for 2 years
beyond January 27, 2024.
Note: Currently, the retirement age for the SBI chairman is capped at 63. Khara will turn 63 in August 2024.
HDFC AMC’s Navneet Munot elected as Chairman of AMFI; Anthony Heredia elected as Vice
Chairman
Navneet Munot, Managing Director (MD) and Chief Executive Officer (CEO) of HDFC Asset Management Co. Ltd
(AMC), has been elected as the Chairman of Association of Mutual Funds in India (AMFI).
He will take charge as chairman on 16th October 2023, succeeding A Balasubramanian, MD & CEO of Aditya
Birla Sun Life Asset Management Co. Ltd.
Note:
• The election took place at the 28th Annual General Meeting (AGM) of AMFI in September 2023.
• AMFI is a nodal association of mutual funds across India.
Anthony Heredia Elected Vice Chairman of AMFI:
Anthony Heredia, MD, and CEO of Mahindra Manulife Mutual Fund, was elected as Vice Chairman of AMFI.
• He will take charge on 16th October 2023, succeeding Radhika Gupta, MD & CEO of Edelweiss Asset
Management Ltd.
HP Appoints Former Apple Executive Ipsita Dasgupta as SVP & MD for India
HP Inc. (known as Hewlett-Packard Company), has appointed former Apple executive Ipsita Dasgupta as
senior vice president(SVP) and Managing Director (MD) of HP’s India market.
• She will take over the new position with effect from 30th October
2023 succeeding Gurpreet Singh Brar, who has been serving as the Interim MD since November
2022.
• As the SVP and MD, she will be responsible for all the aspects of HP’s strategy and Profit and Loss
(P&L) in India, Bangladesh and Sri Lanka.
• She will be reporting to David McQuarrie, Chief Commercial Officer(CCO) of HP.
About Ipsita Dasgupta:
i.Prior to joining HP, Ipsita served as the senior director of marketing for Apple Services based at
headquarters in Cupertino, California, United States of America.
ii.She has also worked as President of corporate strategy & incubated business at Star India, a Walt Disney
company; and CCO for South Asia and Greater China at General Electric Company.
Swarup Mohanty Appointed VC of Mirae AMC; 1st Non-Korean VC of Mirae Asset Financial Group
South Korea-based Mirae Asset Financial Group has appointed Swarup Anand Mohanty as the Vice Chairman
(VC) of Mirae Asset Investment Managers (India) Private Limited (Mirae AMC) with effect form 24th October
2023.
· Prior to the appointment he was serving as the Director and Key Personnel of AMC. he has been
serving as the Chief Executive Officer (CEO) of the AMC since 2016.
· With this, Mohanty becomes the first Non-Korean person to be appointed as the VC within Mirae
Asset Financial Group.
· The appointment is a part of the major management reshuffle of Mirae Asset Financial Group.
About Swarup Anand Mohanty:
i.He has over 2 decades of experience in the field of financial services including more than 17 years of
experience in Asset Management Sales. He is overall responsible for the India AMC.
ii.He joined AMC as head-Sales in July 2011 and was appointed as Associate Directors on the Board of Mirae
Sultan Ibrahim Sultan Iskandar, Ruler of Johor, Elected as 17th King of Malaysia
His Royal Highness (HRH) Sultan Ibrahim ibni Almarhum Sultan Iskandar, the Ruler of the
southern Malaysian state of Johor, was elected as the 17th King of Malaysia, also known as Yang di-
Pertuan Agong (YDPA) XVII, for a term of 5 years, which will begin on 31st January 2024.
· He was elected by the Conference of Rulers
during its 263rd (Special) meeting held at the
National Palace(Istana Negara) in Kuala Lumpur,
Malaysia.
· He will replace incumbent Sovereign Al-Sultan
Abdullah ibni Sultan Ahmad Shah, Ruler of
Pahang state, who has been serving as the 16th
King since 2019. His tenure is set to end on 30th
January 2024.
Significance:
For the first time in over 3 decades, the Ruler of Johor has been appointed as the YDPA.
· The last YDPA from Johar was the late former Johor Ruler, Sultan Iskandar Sultan Ismail,
Father of Sultan Ibrahim. He served as YDPA of Malaysia from 1984 to 1989.
Other Appointment:
Sultan of Perak, Sultan Nazrin Muizzuddin Shah, will be appointed deputy king, for 5 years from
31 January 2024.
Malaysia’s Rotational Monarchy:
i.Under Malaysia’s rotational monarchy, the position of king, also known as Yang di-Pertuan Agong,
and his deputy are shifted among the rulers of nine of its 13 states.
ii.The King of Malaysia is elected by the Conference of Rulers, which consist of 9 hereditary ethnic
Malay royals(sultans of 9 of its 13 states)
iii.This system was adopted after the independence from British rule in 1957.
Note:
The Johor royal family dates from the early 16th century and has its own private army.
About Sultan Ibrahim ibni Almarhum Sultan Iskandar:
i.Born on 22 November 1958, Sultan Ibrahim is of Malay-British descent and he is the eldest son of
the late Sultan Iskandar Sultan Ismail.
ii.He enlisted and trained as a Royal Malaysian Navy officer for 3 months at the RMN base in Lumut
(Malaysia), making him a fully trained army, navy, and air force officer.
iii.He served the State government in various offices among them the State Secretariat, the Treasury,
Land Office, Town and Country Planning Department, etc.
iv.His reign as Sultan of Johor began on 23 January 2010, following the demise of his father.
v.He created history by gaining the Class 26 Train Driver’s License upon completing the 86-tonne
locomotive round using a turn table device.
Actor Rajkummar Rao Named as ‘National Icon’ for Election Commission of India
Bollywood Actor Rajkummar Rao was named as the ‘National Icon’ for voter awareness and education by the
Election Commission of India(ECI).
Rajkummar Rao and ECI entered into a Memorandum of Understanding (MoU) for a period of 3 years at
the event held in New Delhi, Delhi, in the presence of the Chief Election Commissioner (CEC), Rajiv
Kumar, and Election Commissioners Anup Chandra Pandey and Arun Goel.
About this Partnership:
i.This collaboration aims to use Rajkummar Rao’s impact and popularity to inspire citizens, especially youth,
across the country to actively engage in the voting process.
ii.Through this collaboration, Rajkummar Rao will promote voter awareness in various TV talk shows/
programs and digital campaigns about the importance of voting and strengthening the roots of democracy by
fostering a more engaged and informed electorate.
Worldsteel elects Nucor’s Leon Topalian as Chairman & TATA Steel’s T V Narendran as Vice
Chairman
Leon J. Topalian, President and Chief Executive Officer(CEO) of Nucor Corporation (the United States of
America-USA), was elected as the 45th Chairman of the World Steel Association(worldsteel), the
international industry association for the iron and steel sector.
India’s Thachat Viswanath(TV) Narendran, CEO &
Managing Director(MD) of Tata Steel Limited and Choi
Jeong-Woo, CEO of POSCO Holdings were elected as the
Vice Chairman of Worldsteel.
Choi Jeong-Woo served as the 44th Chairman of the
WorldSteel.
Other Elected Office Bearers:
Timoteo Di Maulo, CEO of Aperam S.A. (Belgian-French
Company), as the Chairman of worldstainless.
Note: worldstainless is a not-for-profit research and development association which was founded in 1996 as
the International Stainless Steel Forum. worldstainless is not a separate legal entity. Worldsteel provides
administrative support to worldstainless.
Key Points:
Leon J. Topalian, TV Narendran and Choi Jeong-Woo were also elected as the members of the 2023-
2024 Executive Committee
The board members of Worldsteel has also elected the executive board of directors for the period 2023-
2024. The executives of the board of Worldsteel will hold office for 1 year.
About TV Narendran:
i.Narendran served as the Vice President – Safety, Flat Products & Long Products Divisions of Tata Steel from
2010 till his appointmnet as MD of Tata Steel in November 2013.
ii.He is also a member on the Board of Tata Steel and he is the Chairman of Tata Steel Europe.
iii.He is also a member of the Council of Indian Institute of Science, Bangalore.
Air India Completes Acquisition of its 1st A350-900 Aircraft through GIFT City
On September 29, 2023, Tata Group owned Air India successfully acquired India’s first Airbus A350-900
aircraft by way of finance lease transaction with HSBC through AI Fleet Services Limited (AIFS), a 100%
SBIFML Fund Gets RBI Approval to Acquire Upto 9.99% Stake in IndusInd Bank
SBI Funds Management Limited (SBIFML) has received the Reserve Bank of India(RBI)‘s approval to acquire
up to a 9.99% paid-up share capital in IndusInd Bank Limited.
• This acquisition will allow the company to also hold 9.99% voting rights in the bank.
• The approval has been granted with reference to the application made by SBIFML to RBI.
Condition in acquisition:
i.The holding of SBIFML in IndusInd Bank should not exceed 9.99 % of the paid-up share capital or voting
rights of the Bank at all times.
ii.The RBI has given SBIFML one year time (till 10th October, 2024) to buy the shares of IndusInd Bank.
Compliance:
The approval granted by RBI is subject to compliance with
• Relevant provisions of the Banking Regulation Act, 1949
• RBI’s master direction and guidelines on the acquisition and holding of shares or voting rights in
banking companies dated January 16, 2023
• Provisions of the Foreign Exchange Management Act(FEMA), 1999
• Regulations issued by the Securities and Exchange Board of India (SEBI).
About SBI Funds Management Limited (SBIFML):
SBIFML is a joint venture between State Bank of India(SBI) and AMUNDI Asset Management through a wholly
owned subsidiary Amundi India Holding.
SBI holds 63% stake and AMUNDI Asset Management holds 37%.
Managing Director(MD) & Chief Executive Officer(CEO) – Shamsher Singh
Headquarters – Mumbai, Maharashtra
Established in – 1987
About IndusInd Bank Limited(Ltd):
Managing Director(MD) & Chief Executive Officer(CEO) – Sumant Kathpalia
Headquarters – Mumbai, Maharashtra
Established in – 1994
Tagline – We Make You Feel Richer
Kotak Mahindra Bank Gets RBI Nod for Acquisition of Sonata Finance
Kotak Mahindra Bank (KMB) got approval from the Reserve Bank of India (RBI) to acquire 100% of the issued
and paid up capital in Lucknow (Uttar Pradesh) based Sonata Finance Private Limited (SFPL) for Rs 537 crore.
• Sonata Finance will act as a wholly-owned business correspondent (BC) subsidiary of KMB after the
completion of the transaction.
• Sonata Finance, established in 2006, is a Microfinance company registered as Non-Banking Finance
Company(NBFC)-Microfinance institutions(MFI) (Non-Deposit taking).
• Sonata Finance has a network of 502 branches across India.
Note:
KMB entered the MFI business in 2016 with the acquisition of Karnataka-focused BSS Microfinance for Rs 139.2
crore.
European’s First Private Rocket MIURA 1 SN1 was Launched by PLD Space
The first private suborbital European rocket MIURA 1 SN1 was launched by Spanish space company PLD
Space.
• The reusable rocket was launched from El Arenosillo Experimentation Centre (CEDEA) of Spanish
National Institute for Aerospace Technology (INTA) in Huelva, Spain.
MIURA1 SN1:
i.The rocket is of 12.5meters in length with a propellent system of Kerosene and Cryogenic liquid
KCP Delivers Integrated AirDrop Test – Crew Module Structure to ISRO for Gaganyaan Mission
The Chennai-based KCP Heavy Engineering (KCP HE) hands over the first Integrated Air Drop Test -Crew
Module (IADT-CM) structure to the Indian Space Research Organisation (ISRO) for the purpose of assessing
technology readiness for the Gaganyaan spacecraft.
• ISRO designed the IADT-CM structure, which was built in Thiruvotriyur, Chennai, by KCP-Heavy
Engineering Unit for heavy casting, machining, and fabrication.
• This was the first IADT-CM out of two orders by ISRO to KCP while the second IADT-CM is set to be
delivered by March 2024.
• The IADT-CM weighs 3,120 kg, has a diameter of 3.1 metres, and a height of 2.6 metres.
DEFENCE
EXERCISE
India-Bangladesh holds Joint Military Exercise SAMPRITI-XI 2023
Exercise SAMPRITI-XI 2023, an annual joint military exercise between India and Bangladesh is held in Umroi,
Meghalaya, for 14 days from 3rd October to 16th October 2023
• This is the 11th edition of the Exercise, which
strengthens India-Bangladesh defence cooperation
by promoting stronger bilateral connections, cultural
understanding, and reciprocal benefits from shared
experiences.
• It emphasizes the necessity of improving
interoperability between the armies, as well as
sharing tactical drills and encouraging best practises.
Note:
• The 1st edition of Exercise SAMPRITI was held in
Jorhat, Assam in 2009.
• The 10th edition of Exercise was conducted at Jashore Military Station in Bangladesh in 2022.
About the Ex SAMPRITI-XI:
i.Ex SAMPRITI-XI will include a Command Post Exercise (CPX), a Field Training Exercise (FTX), and a Validation
East Coast Sagar Kavach 02-23: Coastal Security Exercise held in AP, TN & Puducherry
East Coast Sagar Kavach 02-23, a two-day comprehensive Coastal Security Exercise was conducted in Andhra
Pradesh(AP), Tamil Nadu(TN) and Puducherry(PY) from 11-12 October 2023 to assess the efficacy and
robustness of the coastal security system in responds to unconventional threats from the sea.
• About 2500 personnel including from Indian Navy, Indian Coast Guard, State and Union Territory
Administration, Marine Police, Fisheries, Customs, International Agencies, Light Houses, Ports
Forest etc were engaged in the exercise.
• The Joint Operations Centre (East) in Visakhapatnam(AP) is the nodal hub to monitor all coastal
security operations and exercises in area of operations.
• The exercise was executed under Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-
Chief (FOC-in-C), Eastern Naval Command(ENC), He is also the Commander-in-Chief, Coastal
Defence (East).
• Indian Navy ships, Coast Guard assets, and other coastal security agencies were deployed to increase
surveillance in the area.
Enhanced security measures were put in place, and Dornier aircraft and helicopters from Visakhapatnam,
Chennai(Tamil Nadu), and Ramnathapuram(Tamil Nadu) conducted extensive aerial surveillance.
Exercise Harimau Shakti 2023: India-Malaysia Joint Army Exercise begins in Meghalaya
On October 23, 2023, Exercise Harimau Shakti 2023, the two-week Indo-Malaysia joint military exercise
between the Indian Army (IA) and the Malaysian Army, commenced at the Umroi cantonment, located in
Ri Bhoi district of the northeastern state of Meghalaya. The exercise is scheduled till November 5, 2023.
About Harimau Shakti:
i.Harimau Shakti, the Indo-Malaysia joint exercise, has been
conducted annually since 2012 to foster the bilateral relations
between the two nations.
ii.The last edition of the exercise, Harimau Shakti 2022, was
conducted in Pulai, Kluang, Malaysia in November 2022.
Harimau Shakti 2023:
Aim:
• To strengthen military ties between India and Malaysia
• To enhance military capability for the conduct of Multi
Domain Operations in a sub-conventional scenario
Participants:
It engaged approximately 120 personnel from both sides.
TESTING
IAF & Army successfully test fired BrahMos Missile
Indian Air Force(IAF) successfuly test fired its Surface to Surface version of the BrahMos missile in the vicinity
of the Eastern Seaboard Archipelago. The test mission accomplished all the predefined objectives.
Previously, BrahMos Missile Regiment of Indian Army tested a land-attack variant of the extended-range
BrahMos supersonic cruise missile (BrahMos ER) from the Andaman and Nicobar Islands.
• The missile is not yet in service with the Indian Army, and its induction will depend on the results of
further testing.
About BrahMos ER:
i.The BrahMos ER is developed by BrahMos Aerospace
• It is a joint venture between Russia’s NPO Mashinostroyeniya (NPO Mash) and India’s Defence
Research and Development Organisation (DRDO).
ii.BrahMos ER is an improved variant of the basic BrahMos missile, with a range of around 450 to 500
kilometers, compared to 290 kilometers for the baseline version.
Indian Army Establishes first-ever BSNL BTS on World’s Highest Battlefield Siachen Glacier
The Indian Army (Siachen Warriors) in collaboration with Bharat Sanchar Nigam Limited (BSNL) has installed
the first-ever BSNL Base Transceiver Station (BTS) on the world’s highest battlefield, ‘Siachen Glacier’ in
Ladakh.
3/5 Gorkha Rifles of Indian Army wins Gold in Cambrian Patrol 2023 Military Exercise in UK
The 3/5 Gorkha Rifles (Frontier Force) team clinched a gold medal for the Indian Army (IA) at the Cambrian
Patrol Competition 2023, an International Military Exercise organzied in Wales, United Kingdom (UK) from
October 6, 2023 to October 15, 2023.
• 67 Punjab Regiment of Pakistan Army received silver medal
• Soldiers from 1st Battalion Irish Guards (British Army ) and the 13th Demi-Brigade of the French
Foreign Legion (France)have become the first joint effort between a British Army and international
team to complete and win Bronze in the exercise.
Cambrian Patrol 2023 Military Exercise:
Cambrian Patrol 2023 Military Exercise was hosted by Headquarters 160th (Welsh) Brigade on behalf of
Commander Field Army of UK Army.
• The Cambrian Patrol Exercise is often dubbed the ‘Olympics of Military Patrolling’ as it is
considered the ultimate test of human endurance and team spirit.
• It is a mission focused and scenario-based exercise.
Participants:
The 2023 exercise saw a participation of 111 teams, encompassing 38 international contingents.
Key Points:
i.The exercise was made up of eight phases, each of 48 hrs, over 10 days. Each team was challenged to cover
approximately 60 kms (average climb and descent is over 1000m) carrying no more than 32 kgs per person.
ii.In 2021 also IA secured a gold medal in the same competition. It was grabbed by 4/5 Gorkha Rifles (Frontier
Force).
Yard 12706 (Imphal): Third Stealth Destroyer of Project 15B delivered to the Indian Navy
Yard 12706 (Imphal), the third Stealth Destroyer of Project 15B Class Guided Missile Destroyer build at
the Mazagon Dock Shipbuilders Limited (MDL) was delivered to the Indian Navy(IN).
• The ship was designed by the Indian Navy’s Warship
Design Bureau (WDB).
Key People:
The acceptance document was signed by Sanjeev Singhal,
Chairman & Managing Director (CMD) of MDL and Rear Admiral
Sanjay Sadhu, Chief Staff Officer(CSO) (Technical) Western
Naval Command (WNC).
• The document was signed in the presence of
Commanding Officer (Designate) Captain K K
Choudhury, MDL Directors, Warship Overseeing Team, Mumbai(WOT – MB) and Navy
personnel.
About Yard 12706 (Imphal):
i.The INS Imphal’s keel was laid on 19 May, 2017 and it was launched into water on 20 April, 2019. The
time taken for Imphal’s construction and testing is the shortest for any indigenous destroyer.
Arms:
i.The ship is armed with state-of-the-art weapons and sensors
• ‘Barak-8’ Medium Range Surface to Air Missiles
• Medium Range Surface-to-Air Missiles supplied by Bharat Electronics Limited(BEL), Bengaluru,
Karnataka
• BrahMos Surface-to-Surface Missiles by BrahMos Aerospace, New Delhi, Delhi
• Indigenous Torpedo Tube Launchers by Larsen & Toubro(L&T), Mumbai Maharashta,
• Anti-Submarine Indigenous Rocket Launchers by L&T
• 76mm Super Rapid Gun Mount Bharat Heavy Electricals Limited(BHEL), Haridwar,
Uttarakhand.
ii.It is also fitted with indigenously developed anti-submarine weapons and sensors, including the hull-
mounted sonar Humsa NG, heavyweight torpedo tube launchers, and ASW rocket launchers.
Note: Among the P15B ships, Imphal is the first ship to be fitted with upgraded Brahmos missiles having
dual role capability of Long Range and Land Attack.
• It is capable of achieving speeds in excess of 30 knots (56 km/h).
Automation:
The ship is highly automated, along with digital networks such as the
• Gigabyte Ethernet-based Ship Data Network (GESDN)
• Combat Management System (CMS)
• Automatic Power Management System (APMS)
• Integrated Platform Management System (IPMS)
Project 15B:
i.The contract for four ships of Project 15B was signed on January 28, 2011, a follow-on of the Kolkata
class (Project 15A) destroyers.
• All these ships are being built at MDL.
ii.With an indigenous content of 72%, the P15B Class Destroyers surpass their predecessors, the P15A
(59%) and P15 (42%) Class Destroyers
iii.The four ships of the Project are named after major cities from all four corners of the country, such as
Visakhapatnam(Andra Pradesh), Mormugao(Goa), Imphal(Manipur) and Surat(Gujarat).
Recent Related News:
On 10th July 2023, Spain’s shipbuilder Navantia and engineering major Larsen & Toubro Ltd (L&T), India
signed an ‘Teaming Agreement'(TA) in Delhi to jointly bid for a Rs. 43,000-crore (4.8 billion euros) project
to build 6 advanced diesel-electric submarines for the Indian Navy.
About Indian Navy:
Chief of Naval Staff (CNS)– Admiral Radhakrishnan Hari Kumar
Headquarters– New Delhi, Delhi
Founded– January 26, 1950
Special Forces Training School at HP Gets Indian Army’s 1st Vertical Wind Tunnel
General Manoj Pande, Chief of the Army Staff (COAS), virtually inaugurated the Indian Army’s 1st Vertical
Wind Tunnel (VWT) at the Special Forces Training School (SFTS) at Bakloh, Himachal Pradesh (HP) to train
the special forces and refine the Combat Freefall (CFF) skills of armed forces personnel.
SPORTS
India Finishes Fourth in the Hangzhou Asian Games 2022 with 107 Medals
India finished Fourth in the medal tally of the Hangzhou Asian Games 2022 with 107 medals (28 gold, 38 silver
and 41 bronze).
• The 19th edition of the Asian Games marks India’s record for the highest medal tally so far,
surpassing the previous record medal tally of 70 medals (16 gold, 23 silver, and 31 bronze) at the
Jakarta Asian Games 2018.
Medal Tally:
Position Country Gold Silver Bronze Total
1 People’s Republic of China 201 111 71 383
2 Japan 52 67 69 188
3 Republic of Korea 42 59 89 190
4 India 28 38 41 107
5 Uzbekistan 22 18 31 71
Ayush Shetty Wins Bronze Medal in BWF World Junior Championships 2023
India’s Ayush Shetty won the bronze medal in the Badminton World Federation (BWF) World Junior
Championships 2023 held from 25th September to 8th October 2023 in Spokane, United States of America
(USA).
• Alwi Farhan of Indonesia won the gold medal by defeating Hu Zhe An of China (Silver) in the 23rd
edition of the BWF World Junior Championships finals.
• Ayush Shetty lost to Alwi Farhan of Indonesia. The two losers of the semifinals were given the
Bronze medal, the another semifinalist Alex Lanier(France) won the Bronze medal.
• The 18-year-old Ayush Shetty’s bronze medal was India’s 11th medal including 1 Gold, 4 Silver, and
6 Bronze at the junior badminton world championships since 1992.
Saina Nehwal won the gold medal in 2008 (India’s best) and silver in 2006 while India’s Sankar Muthusamy
Subramanian won silver in 2022in Spain.
India wins the 3rd Intercontinental Online Chess Championship for Prisoners:
The Indian team won the 3rd Intercontinental Online Chess Championship for Prisoners in the youth section
by defeating the defending champions Serbia in the final.
• The team from Serbia won the silver medal while Ecuador’s team won the bronze medal.
women’s section:
i.The team from Mongolia won the Intercontinental Online Chess Championship for Prisoners title in the
women’s section.
• This marks Mongolia’s second consecutive title in the women’s section including their win in 2022..
• England team won the silver medal while El Salvador and Philippines jointly won the bronze medal.
About Intercontinental Online Chess Championship for Prisoners:
i.The Intercontinental Online Chess Championship for Prisoners aims to popularize chess as an efficient tool for
reintegrating incarcerated people.
• The 3rd edition was held from 11th to 13th October 2023 in online mode, and 13th October 2023 marks
the International Day of Education in Prison.
Recent related news:
i.Aditya S Samant (17) an International Master, became India’s 83rd chess Grandmaster (GM) by earning his
3rd GM norm against Aryan Chopra in the 9th round of Biel Chess Festival Master Tournament (MTO) 2023 in
Switzerland.
ii.Norwegian Grandmaster (GM) and World No. 1 player Magnus Carlsen won his first International Chess
Federation (FIDE) World Cup title by defeating India’s GM Rameshbabu Praggnanandhaa in the FIDE Chess
World Cup 2023 finals.
About Federation Internationale des Echecs/International Chess Federation (FIDE):
President – Arkady Dvorkovich
Headquarters – Lausanne, Switzerland
Established – 1924
Overview of 141st Session of the IOC held in Mumbai; 5 Additional Sports added in 2028
Summer Olympics
The 141st Session of the International Olympic Committee (IOC) was hosted by India from October 15-17,
2023, in Mumbai, Maharashtra. The IOC’s Executive Board met during the session. The session facilitated
interaction and the exchange of knowledge among diverse stakeholders in the sports arena.
• The 141st session of IOC was inaugurated by the Prime Minister (PM) of India Narendra Modi.
• This is the 2nd IOC Session hosted by India after 40 years. India hosted the 86th IOC session in New
Delhi, Delhi in 1983.
Badminton: India’s Unnati Hooda Win Women’s Singles Title in the Abu Dhabi Masters 2023
India’s Unnati Hooda won the women’s singles title in the Abu Dhabi Masters 2023 badminton tournament
held at the ADNEC Marina Hall, Abu Dhabi, United Arab Emirates (UAE) from 17 – 22 October 2023.
• Indian Duo of Ashwini Ponappa and Tanisha
Crasto won the women’s Doubles title.
• The tournament was organized by UAE Badminton
Federation with sanctions from the Badminton World
Federation (BWF).
Winners of Abu Dhabi Masters 2023:
i.Men’s Single:Mads Christophersen(Denmark) won the men’s
singles title by defeating Mark Caljouw(the Netherlands) in the
finals.
• Indians Kiran George and Raghu Mariswamy lost in the
semifinals.
ii.Men’s Doubles:Malaysian pair Goh Sze Fei and Nur Izzuddin Rumsani won the men’s doubles title by
defeating Thailand’s Pharanyu Kaosamaang and Worrapol Thongsanga in the finals.
iii.Women’s Singles:The 16-year-old Unnati Hooda won the women’s singles title by defeating 20-year-old
Samiya Imad Farooqui(India) in the finals.
• This marks Unnati Hooda’s second Super 100 title including her win in the Odisha Open 2022. she
made the record of the the youngest Indian to win a BWF tournament at the age of 14.
iv.Women’s Doubles:Indian Pair Ashwini Ponappa and Tanisha Crasto won the Women’s singles title by
defeating Denmark’s Julie Finne-Ipsen and Mai Surrow in the final.
• This also marks Ashwini Ponappa and Tanisha Crasto’s first BWF World Tour title.
• Ashwini Ponappa and Tanisha Crasto defeated another Indian pair N Sikki Reddy and Arathi Sara
Sunil in the semifinals.
v.Mixed Doubles:Mads Vestergaard and Christine Busch of Denmark won the mixed doubles title by defeating
Terry Hee Yong Kai and Jessica Tan Wei Han of Singapore.
About Abu Dhabi Masters 2023:
1. The inaugural Abu Dhabi Masters 2023 is the Badminton World Federation (BWF) Super 100 event.
• Total Prize Money – USD 120,000
• This event was the twenty-sixth BWF World Tour event in 2023.
• The BWF World Tour is divided into six levels, namely World Tour Finals, four Super 1000, six Super
750, seven Super 500, and 11 Super 300.In addition, the BWF Tour Super 100 level offers ranking
points.
OBITUARY
Sanskrit Scholar & Padma Shri Awardee Dahyabhai Karunashankar Shastri Passed Away
Padma Shri Awardee Dr. Dahyabhai Karunashankar Shastri, a renowned Indian Sanskrit scholar and
founder of Brahmarshi Sanskrit Mahavidyalaya, Nadiad(Gujarat) , has passed away at the age of 98 in Nadiad,
Gujarat. He was born on 26 February 1926 in Mehsana, Gujarat.
About Dr. Dahyabhai Karunashankar Shastri:
i.Dr. Shri Dahyabhai Karunashankar Shastri was a distinguished
Sanskrit scholar in India, holding titles like Vyakaranacharya,
Sahitacharya, and Hindi Visharad.
ii.From January 19, 1950, he was engaged in teaching at Petlad
Political Sanskrit Mahavidyalaya school in Gujarat.
• He served as both the school’s Principal and as an
Inspector of the Gujarat State Sanskrit Department and
retired in 1984.
iii.After retirement, he establishment of Shri Brahmarshi Sanskrit Mahavidyalaya College at
Brahmarshi Sanskar Dham in Nadiad in 1995.
• He is known as the pioneer of Brahmarshi Sanskrit Mahavidyalaya.
• This unique institution featured a Sanskrit college, a well-equipped library, student hostels, a
canteen, three temples and Matru-Ritu social service.
Awards:
i.In 2000, Sandipani Gaurav Awards conferred Dr. Dahyabhai Karunashankar Shastri with one of its category
awards named the “Brahmarshi Award“.
• Brahmarshi Awards are given to the scholar who has done outstanding work in the field of Vedic
literature since 1996.
ii.In 2016, he was awarded the ‘Padma Shri’ in the field of Literature and Education
Nari Shakti Award Winner & Kerala Adult Literacy Topper Karthyayani Amma Passed Away
Nari Shakti Award winner Karthyayani Amma, who topped Akshara Laksham project of Kerala’s adult literacy
programme, passed away at the age of 101 in Alappuzha, Kerala. She was born in 1922.
• In 2018, at the age of 96, Karthyayani Amma topped the Aksharalaksham (Million Letter) literacy
examination of the Kerala State Literacy Mission securing the highest mark (98/100). She was
the oldest learner under the Kerala State Literacy Mission.
i.In 2019, she was also appointed as the Goodwill Ambassador of the Commonwealth of Learning for the
promotion of distance education among 53 member countries.
ii.In 2020, she was awarded the Nari Shakti Puraskar, the highest civilian award for women, by the Ministry
Padma Vibhushan Awardee & 11th CEC of India MS Gill Passed Away
Padma Vibhushan Awardee and the 11th Chief Election Commissioner (CEC) of India, Dr. Manohar Singh
Gill (MS Gill), passed away in New Delhi, Delhi at the age of 87. He was born on June 14, 1936, in undivided
Punjab. He had a distinguished career as an Indian bureaucrat, politician, and writer.
About MS Gill:
i.MS Gill was a 1958 batch of the Indian Administrative Service (IAS) officer of Punjab cadre.
ii.He has also served as the CEC of India between December 1996 and June 2001. During his tenure as CEC, the
Election Commission of India (ECI) successfully conducted the:
• General elections to the 12th Lok Sabha in 1998 and the 13th Lok Sabha in 1999;
• 11th Presidential polls and Vice-Presidential elections in 1997; and
• Polls to assemblies in more than 20 states.
iii. He also played a major role in the introduction of Indian
electronic voting machines(EVM), the replacement of the ballot
box .
• EVM’s were first used in 1982 in the By-election to
the North Paravur Assembly constituency in Kerala.
• EVM was developed by the Electronics Corporation of
India Ltd. (ECIL), Hyderabad(Telangana). The Bharat
Electronic Ltd. (BEL), Bengaluru(Karnataka) was co-
opted to to manufacture EVMs.
iv.He joined the Indian National Congress (INC) Party in 2004 and served as a Member of Parliament (MP) –
Rajya Sabha representing Punjab from 2004 to 2016.
• He held positions as Minister of State(MoS) in the Ministry of Youth Affairs and Sports(MoYAS), and
the Ministry of Statistics and Programme.
Awards/Honours:
i.MS Gill was awarded the Padma Vibhushan in 2000 for his exceptional and distinguished services as a civil
servant.
ii.He received the Nishan-e-Khalsa honour on the 300th anniversary of the Khalsa. It is a testament to his deep-
rooted connections and contributions to the Sikh community.
Books:
Himalayan Wonder: Travels in Lahaul and Spiti (1972) and Tales from the Hills: Lahaul’s Enduring Myths and
Legends (2014).
Martti Ahtisaari, Former Finnish President & Nobel Peace Prize Winner, Passed Away
Nobel Peace Laureate, Martti Ahtisaari, who served as the 10th President of Finland (1994 to 2000),
passed away at the age of 86 in Helsinki, Finland. He was born on 23 June 1937, Viipuri (now Vyborg, Russia),
Finland.
About Martti Ahtisaari:
i.MarttiAhtisaari joined the Ministry for Foreign Affairs of Finland in 1965.
ii.He assumed the role of the Ambassador of Finland to the United Republic of Tanzania from 1973 to 1976,
Padma Shri Awardee and Spiritual Leader Bangaru Adigalar Passed Away
Padma Shri Awardee Arul Thiru Bangaru Adigalar, a Spiritual Leader and the founder
of Melmaruvathur Adhiparasakthi Siddhar Peedam in Kancheepuram district (Tamil Nadu (TN)) passed
away at the age of 82 in Melmaruvathur, TN. He was born on 3 March 1941 in Melmaruvathur village.
Awards:
He was conferred with Padma Shri in 2019 for his spiritual
services to the society.
About Bangaru Adigalar:
i.G. Subramaniam, known as Bangaru Adigal, lovingly known as
‘Amma’ (mother) by his followers in
Adhiparasakthi Siddhar Peedam (referred to as Red-Clad
Movement), is renowned for leading significant reforms in
spiritual practices.
ii.He was by profession a school teacher in Arapeduvillage near
Achirupakkam in TN. He gained recognition as the admired oracle of the Parasakthi temple.
iii.The year 1971 marked the establishment of his spiritual leadership from a modest, thatched cottage in
Melmaruvathur.
iv.Initially, Swayambu (the self-generated) stood as the sole object of worship for many years. On 25 November
1977, the idol of Mother Adhiparasakthi was installed in the Sanctum Sanctorum.
v.The Adhiparasakthi spiritual movement founded by Adigalar is known by the Melmaruvathur temple near
Chennai (TN) and its local worship groups across TN.
vi.His contributions have brought about noteworthy changes, including the admission of women into the inner
sanctum of Arulmigu Aadhiparasakthi Temple in Melmaruvathur for regular worship.
• The Melmaruvathur temple is the only temple where a woman can offer worship even during her
menstrual flow.
vii.He established Melmaruvathur Adhiparasakthi Siddhar Vaara Vazhipaatu Mandram and almost every
village in TN has its branches.
viii.His fame led him to establish engineering and medical colleges. He owned several educational institutions
around the Melmaruvathur area.
• The foundation stone for AdhiParasakthi Polytechnic was laid by the then Chief Minister of TN, M.G.
Ramachandran.
• He also helped poor students with education through the Adhiparashakti Charitable Medical
Education and Cultural Trust.
Eminent Assamese Scholar & Padma Shri Awardee Birendra Nath Datta Passed Away
Padma Shri Awardee Birendra Nath Datta, an eminent Assamese scholar, Linguist, and Singer, passed away
at the age of 88 in Guwahati, Assam. He was born on March 1, 1935 in Nagaon, Assam.
Legendary Indian spinner & Padma Sri Awardee Bishan Singh Bedi Passed Away
Former Indian cricketer, legendary left-arm spinner and Padma Shri awardee, Bishan Singh Bedi, passed away
at the age of 77. He was born on 25th September 1946 in Amritsar, Punjab.
About Bishan Singh Bedi:
Career:
i.Bishan Bedi made his debut for India against West Indies at
Eden Gardens (Kolkata, West Bengal)on December 31, 1966.
ii.He played 67 Tests for India between 1967 and 1979 and
captained Team India for 4 years in the Test format between
1975 and 1979.
iii.He led Delhi to its first two Ranji Trophy titles (in 1978-79
and 1979-80). He also led Punjab to its only Ranji Trophy win
(in the 1992-93).
iv.He played for Northamptonshire in 102 outings (1972 and 1977), and took 434 wickets, which is the most by
an Indian in County cricket.
• Bedi was one of the most successful overseas players in English county cricket.
v.He made his final international appearance for India against England at the Kennington Oval in 1979.
He became the first professional head coach of India in 1990.
Record:
i.He took 1560 wickets (more than any other Indian bowler) in 370 matches with a bowling average of 28.71.
ii.He has taken 266 wickets in 67 matches. With this, he made a record of being the highest wicket-taker in
India.
• In June 2023, Ravindra Jadeja surpassed Bishan Singh Bedi to become India’s most successful left-
arm spinner in Test cricket by taking 267 wickets in 65 matches at an average of 24.25.
Awards:
i.Government of India honoured him with the Padma Shri for sports in 1970.
ii.He also received the Arjuna Award for Cricket in 1969.
England’s FIFA World Cup Winner Sir Bobby Charlton Passed Away at 86
The former England football player Sir Bobby (Robert) Charlton
passed away at the age of 86. He suffered dementia in 2020.
· Sir Bobby Charlton was part of the England’s Federation
Internationale de Football Association (FIFA)World Cup
winning team in 1966.
About Sir Bobby Charlton:
i.Robert Charlton was born in 11th October 1937 in Ashington,
northeast England, United Kingdom(UK).
ii.He debuted for Manchester United football club from 1956 to
1973 in 758 matches and scored 249 goals.
· He also was a part of Manchester United’s that won the European Cup(1968),three English Premier
League titles(1965& 1967) and one Football Association Challenge(FA) Cup(1963).
iii.He represented England national football team from 1958 to 1970 in 106 international matches and scored
49 goals.
· As of October 2023, Bobby Charlton was the third highest goal scorer for England National team
behind Wayne Rooney(53 goals) and Harry Kane (61 goals).
· He played four FIFA World Cups 1958, 1962, 1966, and 1970.
Awards:
i.He was awarded the OBE (Officer of the Order of the British Empire) in the 1969 Queen’s Birthday Honours
List, the CBE (Commander of the Order of the British Empire) in the 1974 Queen’s New Year Honours List.
· He was Knighted in 1994 by Queen Elizabeth II in 1994 for his contribution to the game.
ii.He also awarded the Ballon d’Or award for the best player in Europe in 1966.
· He also received the FIFA Order of Merit in 1984, the Union of European Football Associations
(UEFA) President’s Award in 2008, and the FIFA Golden Foot Legend Award in 2011.
· He was presented with lifetime achievement trophy at the 2008 BBC Sports Personality of the Year
Award.
He also lifted the FIFA World Cup Golden Ball in 1966 and FIFA World Cup All-Star Team twice in 1966 and
1970.
BlueKraft Digital Foundation launches book on PM Modi’s radio show ‘Mann ki Baat‘
BlueKraft Digital Foundation has launched a book on Prime Minister (PM) Narendra Modi’s monthly radio
programme Mann ki Baat. The book has been titled ‘Igniting Collective Goodness: Mann Ki Baat @ 100’.
About the book:
i.The book captures the journey of Prime Minister Modi’s 100 episodes of Mann Ki Baat and its impact on
Indian society.
ii.The book is published by Westland Publications Limited.
iii.This is the third book of Westland Publications in the series, which captures the journey of Mann ki Baat.
• The other two books are ‘Mann Ki Baat – A Social Revolution On Radio’ and ‘Mann Ki Baat – 50
Episodes Special Edition: A Social Revolution on Radio’ published in 2017 and 2019 respectively.
About Mann Ki Baat:
i.Mann Ki Baat is broadcast on All India Radio(AIR) and Doordarshan(DD) on the last Sunday of every month.
ii.The programme was launched on 3rd October 2014 and reached its 100th episode on 30th April 2023.
Union Minister Hardeep Singh Puri Launched Ashok Tandon’s New Book “The Reverse Swing”
Union Minister Hardeep Singh Puri, Ministry of Petroleum and Natural Gas(MoPNG) launched a book
titled “The Reverse Swing: Colonialism to Cooperation” authored by Ashok Kumar Tandon, a veteran
journalist and political commentator.
• The book, published by Prabhat Prakashan, features stories on the relationship between India and
the United Kingdom (UK), India’s colonial past and its resurgence and the current journey through
the Amrit Kaal.
• The book also features interesting facts about former Prime Ministers like Atal Bihari Vajpayee and
P. V. Narasimha Rao.
Ashok Tandon has worked as Press Trust of India limited (PTI) Bureau Chief in London and Diplomatic Editor
of the PTI in New Delhi, Delhi.
• He has also served in Prime Minister Office (PMO) from 1998-2004 as incharge of Media Relations in
the rank of Additional Secretary.
Ex-RBI Governor Raghuram Rajan & Economist Rohit Lamba authored a new book “Breaking
the Mould”
Raghuram Rajan, Former Governor of the Reserve Bank of India (RBI), and Economist Rohit Lamba
has authored a new book titled “Breaking the Mould: Reimagining India’s Economic Future”.
· The book, published by Penguin Business, an imprint
of Penguin Random House India (PRHI), is set to be
released in December 2023.
About the book:
i.Through this book, the authors provides an idea about the
economic future of India.
ii.The book examines crucial policy choices relevant to every
Indian, offering valuable insights on economic development.
iii.The book seeks to delve into some of the critical questions
surrounding India’s economic trajectory.
About Raghuram Rajan:
i.He is currently a distinguished service professor at the University of Chicago Booth School of
Business, and a senior fellow (adjunct) at the Hoover Institution, the United States of America (USA).
ii.He served as the 23rd Governor of the RBI from 2013 to 2016 and as vice chairman of the board of
the Bank for International Settlements from 2015 to 2016.
iii.He was a chief economist and director of research at the International Monetary Fund(IMF) from
2003 to 2006 and as president of the American Finance Association in 2011.
iv.He is a member of the American Academy of Arts and Sciences and the Group of Thirty.
Award: In January 2003, the American Finance Association awarded him the inaugural Fischer
Black Prize for the best finance researcher under the age of 40.
Books: The Third Pillar: How Markets and the State Leave the Community Behind (2019); I Do What I
Do: On Reform, Rhetoric, and Resolve (2018); Saving Capitalism from the Capitalists with Luigi
Zingales (Co-author) (2003)
About Rohit Lamba:
i.Rohit Lamba is a Assistant Professor of Economics at the The Pennsylvania State University (since
2015)
ii.He was a visiting assistant professor of economics at the University of Pennsylvania from 2018-19.
PM Narendra Modi Releases Three Books at Tulsi Peeth in Chitrakoot in Madhya Pradesh
Prime Minister Narendra Modi released three books, including ‘Ashtadhyayi Bhashya’, ‘Ramanandacharya
Charitam’, and ‘Bhagwan Shri Krishna ki Rashtraleela‘, during his visit to Tulsi Peeth in Chitrakoot, Madhya
Pradesh.
The three books were written by Jagadguru Rambhadracharya of Tulsi Peeth.
Tulsi Peeth is a religious and social service institution which was established by Jagadguru
Rambhadracharya in 1987 and is one of the leading publishers of Hindu religious literature.
Jagadguru Rambhadracharya awarded Padam Vibhushan in 2015 in the field of Literature and
Education.
Note:
Astadhyayi is a Sanskrit Treatise on grammar written in 6th to 5th century B.C. by the Sanskrit grammarian
Panini.
IMPORTANT DAYS
International Translation Day 2023- September 30
The United Nations (UN) International Translation Day (ITD) is annually observed across the globe
on 30 September to recognise and honour the invaluable contributions of translators and language
professionals, who facilitate communication between nations strengthening global peace, cooperation,
understanding, and development.
• The theme of ITD 2023 is, “Translation unveils the many faces of humanity”.
• The annual theme of ITD is chosen by the Fédération Internationale des
Traducteurs/International Federation of Translators (FIT).
Background:
i.Since 1991, the FIT has been annually celebrating the International Translation Day to highlight the
significant role of translators all across the world.
• FIT celebrates the Internatioal Translation Day by creating an annual theme for the celebration.
ii.On 24 May 2017, the United Nations General Assembly (UNGA) in its 71st session adopted the resolution
A/RES/71/288 and declared 30 September of every year as International Translation Day.
iii.The first UN-recognised ITD was observed on 30 September 2017.
Why September 30?
The date September 30 was chosen to coincide with the feast of St. Jerome, the Bible translator, who is
considered the patron saint of archaeologists, Biblical scholars, librarians, students, and translators.
About St. Jerome:
i.St. Jerome was born around 340 as Eusebius Hieronymous Sophronius in Stridon, Dalmatia (present-day
Croatia).
ii.He has translated most of the Bible into Latin from the Greek manuscripts of the New Testament. He has
also translated the Old Testament against the Hebrew original.
First National Current Good Manufacturing Practices Day – 10th October 2023
The inaugural National Current Good Manufacturing Practices(cGMP) Day was celebrated across India on 10th
October 2023. The day aims to create awareness about the critical role of cGMP in the pharmaceutical
industry, ensuring the quality and safety of medicinal products.
• The theme of National cGMP Day 2023 is “cGMP: Transforming Healthcare”.
Background:
i.Indian Drug Manufacturers’ Association (IDMA), under the guidance from the Ministry of Health and Family
Welfare and Ministry of Chemicals and Fertilisers, initiated the plan to observe 10th October of every year as
“National Current Good Manufacturing Practices Day” or “National cGMP Day”.
• 10th October 2023 marks the first ever National cGMP day.
ii.The idea of National cGMP Day was proposed by Girish Pai Kand, Coordinator at the Centre for cGMP, at
Manipal College of Pharmaceutical Sciences (MCOPS), Manipal Academy of Higher Education (MAHE).
Purpose:
The day aims to empower the pharmaceutical industry to develop a culture of quality medicine production,
which will improve patient safety.
First ever UN’s International Day of Care and Support – 29th October 2023
The United Nations (UN)’s first-ever International Day of Care and Support was observed across the globe
on 29 October 2023 to emphasise the importance of caregiving, recognize the contributions of caregivers, and
advocate for policies and initiatives that support and enhance care in all its forms.
Background:
i.On 24 July 2023, the United Nations General Assembly (UNGA) adopted a resolution A/RES/77/317 and
decided to proclaim the 29 October of every year as the International Day of Care and Support.
REC Launches ‘SUGAM REC’, a Mobile App for 54EC Bonds Investors
REC Limited (formerly Rural Electrification Corporation Limited) launched SUGAM REC, a mobile app for its
current and future investors in REC’s 54EC Capital Gain Tax Exemption Bonds.
• REC Limited is a Maharatna Central Public Sector Enterprise(CPSE) under the Ministry of Power
ICCR & SPPU Partnered to Launch UTIKS, an Online Portal to Promote Indian Culture
Worldwide
The Indian Council for Cultural Relations (ICCR) in partnership with Savitribai Phule Pune University (SPPU),
formerly known as the University of Pune, in Maharashtra organised the soft launch of an online
CM Pushkar Dhami Launches Rozgar Prayag Portal at U’khand Youth Mahotsav in Dehradun
On October 9, 2023, Pushkar Singh Dhami, Chief Minister (CM) of Uttarakhand, launched the government-
developed Rojgar Prayag Portal during the Uttarakhand Youth Mahotsav 2023 program organized at
Parade Ground in Dehradun, Uttarakhand.
• The portal for youths aims to provide employment opportunities in the Uttarakhand on a single
portal.
• The event was organized by the Uttarakhand Skill development Society and Government of
Uttarakhand on the theme ‘Uttarakhand Towards Entrepreneurship and Employment’.
Highlights of the event:
Yuva Uttarakhand App:
During the event, CM Pushkar Singh Dhami launched the Yuva Uttarakhand App to make the schemes run by
various departments available at one place.
The app was developed by Information Technology Development Agency (ITDA).
Education Minster Dharmendra Pradhan launched NCERT’s web portal “Apna Chandrayaan’ for
students
Union Minister Dharmendra Pradhan, the Ministry of Education(MoE), launched a web portal
‘Apna Chandrayaan’ for school students in New Delhi, Delhi. The web portal was developed by the National
Council of Educational Research and Training (NCERT).
• He also launched 10 special modules offering a comprehensive perspective on the Indian Space
Research Organisation’s (ISRO) Chandrayaan-3 mission for students.
• The modules encompass scientific, technological, and social aspects as well as the emotional journey
and team spirit of the scientists involved in the mission.
Note: NCERT is an autonomous organisation under the aegis of the Department of School Education & Literacy
(DoSEL), Ministry of Education(MoE).
Key People:
Dr. Sreedhara Panicker Somanath, Chairman of ISRO and Secretary of the Department of Space (DoS), graced
the event as the Guest of Honour, and officials of MoE and students were also present during the launch.
Apna Chandrayaan Web Portal:
i.The portal features activity-based support material such as interactive quizzes, puzzles for school students in
Foundational, Preparatory, Middle, and Secondary level on Mission Chandrayaan-3.
ii.It also has a set of colouring books, dot-to-dot activities, picture builders, and inspiring stories in the form of
graphic novels on Chandrayaan 3.
iii.This user-friendly web portal will enhance accessibility for self-guided learning among students.
iv.Students who score above 70% will receive digital certificates and age appropriate books will be presented
to the first 1000 winners.
Special Modules:
i.To inspire Indian youth to explore the realms of science and technology, 10 comprehensive modules have
been launched in multiple languages for the stakeholders on the success of Chandrayaan 3
ii.These modules cover a wide spectrum of information and are designed to offer valuable insights and
motivation to the stakeholders.
iii.The interactive and engaging content, enriched with graphics, photographs, illustrations, spanning across all
5 stages and covering Classes I-XII of school education.
iv.It emphasises experiential learning, promoting self-paced education, and teacher guidance. The digital
formats of the modules are accessible on the NCERT website.
v.The content will be translated into all 22 Indian languages with the help of technology. New puzzles,
questions, etc. will be added and this will run till 23 August 2024.
Note: More modules will be prepared on 14 different topics including women empowerment, COVID-19
vaccination, India’s G20 Presidency, etc.
Key Points:
i.Chandrayaan 3’s mission embodies qualities vital for students, such as determination, scientific curiosity, and
creative thinking.
ENVIRONMENT
Protosticta Armageddonia: Pune researchers found new Damselfly Species in Western Ghats,
Kerala
Researchers from MIT-World Peace University (MIT-WPU) in Pune (Maharashtra) have
discovered Protosticta Armageddonia (Armageddon Reedtail), a new species of damselfly in the
southern Western Ghats of Kerala.
• They name “Armageddon” symbolizes the global
crisis of habitat loss and climate change affecting
insect populations.
• The discovery of the new species has been
documented in the International Journal
of Odonatology. It has also been recorded and
registered with the Zoological Survey of India
(ZSI), Pune.
• This new species, with its ominous name, serves
as a clear reminder of the ongoing ecological
crisis powered by uncontrolled habitat loss and climate change.
Note: The International Journal of Odonatology is a publication affiliated with the Worldwide Dragonfly
Association based in the United States of America (USA).
Genus and Species:
i.The new damselfly species, P.Armageddonia belongs to the genus ‘Protosticta‘ in the
family Platystictidae, which is endemic to Western Ghats in India.
ii.The genus Protosticta consists of slender-built damselflies commonly called reed-tails or shadow
damsels.
iii.It belongs to the order Odonata (“toothed ones”) and one of its group Zygoptera (which includes
damselflies).
Armageddon:
i.The name, Armageddon Reedtail, is a direct reference to the concept of “Ecological Armageddon”,
which describe the devastating decline of insect populations around the world.
ii.This phenomenon, also called insect apocalypse, affects entire ecosystems because insects pollinate,
Bufoides Bhupathyi: New Toad Species Discovered in the Dampa Tiger Reserve of Mizoram
Researchers from India and the United Kingdom have discovered a new toad species “Bufoides
Bhupathyi” (Common name: Mizoram rock toad) in the the Dampa Tiger Reserve(TR) of Mizoram.
• It is named after the S Bhupathy, a noted
herpetologist who served as principal scientist at the
Coimbatore(Tamil Nadu)-based Salim Ali Centre for
Ornithology and Natural History(SACON).
• The findings were published in Biodiversitas, a
journal published in Indonesia.
• Bufoides Bhupathyi belong to the ‘Bufonidae’ family
and the genus ‘bufoides’. Both frogs and toads belong
to the order “Anura”, which means “without a tail.
Note: Herpetologists are zoologists who specialize in the study
of reptiles and amphibians.
About Bufoides Bhupathyi:
i.Bufoides Bhupathyi was the third species of the genus ‘bufoides’. The other two are “Bufoides
meghalayanus” and “Bufoides kempi”, found in Meghalaya.
ii.Th research work also indicated that ‘Bufoides Bhupathyi” to be included in the IUCN’s red list as critically
endangered as it meets its criteria.
iii.Distinct Features:Bufoides Bhupathyi is different from the co-generic (similar) species in interdigital
webbing, colouration, skin tuberculation, and the presence of ovoid, tuberculated and depressed parotid
glands.
Background:
i.In 2001, Bufoides meghalayanus were reported from Dampa tiger reserve and Ngengpui wildlife sanctuary in
Mizoram. These are around 200 kilometers away from Mawblang, the type locality of B. meghalayanus.
ii.International Union for Conservation of Nature(IUCN) assessed B. meghalayanus as Endangered as it
occured at more than one location, including Dampa Tiger Reserve in Mizoram.
iii.Later it was suggested that the populations of Bufoides found in Mizoram might represent a new species.
iv.During the recent IUCN red list workshop, range of B. meghalayanus was restricted to 3 locations, all within
1.5 km from one another in Cherrapunjee, East Khasi Hills in Meghalaya and the species was reassessed as
Critically Endangered.
A field surveys in Dampa Tiger Reserve studied the population of Bufoides resembling B. meghalayanus and
assessed the systematic status of the Bufoides population in Dampa TR and describe it as new species “B.
Bhupathyi”.
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