Latest Current Affairs For Sunday 2nd October, 2022

International Day of Older Persons celebrates on the 1st October

October 1 is observed as the International Day of Older Persons across the globe. The day was introduced by the United Nations General Assembly with an aim of honouring the contribution of older persons and looking into the problems that they face.

Older people make significant contributions to society via volunteer work, passing on experience and knowledge, and assisting their families with different responsibilities. As today we celebrate this occasion, let’s glance at its history and significance.

The overall umbrella theme for the United Nations International Day of Older Persons in 2022 is “Resilience of Older Persons in a Changing World.”

World Vegetarian Day 2022 observed on 01st October

World Vegetarian Day is celebrated on the first day of October. It also kickstarts Vegetarian Awareness Month. This global day of advocacy and awareness celebrates the benefits of vegetarianism and encourages people to reduce their consumption of animal products.

The day is commemorated to create awareness about the benefits of vegetarianism like reducing the risks of heart diseases and other health complications.

Important For All Exam 2022:

International Vegetarian Union Founded: 1908, Dresden, Germany;

Chair of International Vegetarian Union: Marly Winckler.

International Coffee Day 2022 celebrates on 01st October

Every year, International Coffee Day is observed on October 1, to celebrate and promote the use of coffee. The day is marked to celebrate “the coffee sector’s diversity, quality and passion.” It is an opportunity for coffee lovers to share their love of the beverage and support farmers whose livelihood depends on the aromatic crop.

Every year 77 Member States of the International Coffee Organization (ICO), dozens of coffee associates, and millions of coffee lovers come together to celebrate their favourite beverage.

Shashi Tharoor explores different strands of Ambedkar’s life 

Shashi Tharoor, a congress leader announced to write a biography of BR Ambedkar next month. The book will be published by Aleph and it will provide insights into the legendary leader’s life and times. The book will be known as “Ambedkar: A Life”.

Shashi Tharoor claims to answer the question of whether Ambedkar was the greatest Indian of modern times or not through the book.

The book will emphasize the “Humiliation and hurdles” faced by Ambedkar to overcome in society.

MoS for Culture Arjun Ram Meghwal attends UNESCO-MONDIACULT 2022 in Mexico

The Indian delegation headed by the Minister of State for Culture Shri Arjun Ram Meghwal represented at UNESCO-MONDIACULT 2022 World Conference held at Mexico City from 28th-30th September 2022.

The Minister addressed the conference on burning issues and concerns of the Cultural sector policies. In the conference, Culture Ministers of more than 100 countries participated on this multilateral forum to decide on the global cultural discourse.

Active credit cards drop 2.3 million in August over new RBI norms

The outstanding credit card base dropped to 77.99 million in August from over 80 million in July, mainly on account of the new norms of the Reserve Bank of India (RBI) that warrant the deactivation of cards that are inactive for a year.

While there was a 2.8 per cent decline in net card additions on a month-on-month (MoM) basis in August, a first in many months, credit card spends slipped 3 per cent on a high base. Still, spends topped the Rs 1-trillion mark for the sixth consecutive month.

N S Rajan named as the new chairman of ASCI

 N S Rajan, new chairman of ASCI: The election of N S Rajan, Director of August One Partners LLP, as Chairman of the Board of Governors of the Advertising Standards Council of India (ASCI) was done.

Of the board meeting that followed the 36th Annual General Meeting (AGM) of ASCI, Saugata Gupta, Managing Director & CEO, Marico Limited, was elected Vice-Chairman, and Shashidhar Sinha, Chief Executive Officer at IPG Mediabrands India, was named Honorary Treasurer.

Important For All Exam 2022:

Director of GMS India (Meta): Arun Srinivas

Group CEO of Lintas India: Virat Tandon

Hero MotoCorp Appoints Movie Star Ram Charan New Brand Ambassador 

The Hero MotoCrop has appointed actor Ram Charan as the new brand ambassador. Hero MotoCrop, the country’s largest two-wheeler maker has launched the Hero GIFT Programme.

The Hero GIFT stands for the Grand Indian Festival of Trust. This initiative includes exciting model refreshers, retail benefits, several financing schemes, pre-booking offers, and many more.

The new campaign or initiative emphasizes the new age youth culture of swiping.

World’s largest safari park to be developed in Gurugram

 World’s largest jungle safari park to be developed in Haryana. The World’s largest jungle safari park is spread across an area of 10000 acres in the Aravalli Mountain Range of Gurugram and Nuh District. This project will be the largest such project in the world.

The park will also include a large herbarium, an aviary, four zones for big cars, a large area for herbivores, an area for exotic animal/birds, an underwater world, natural trails, visitors, tourism zones, botanical garden, biomes, equatorial, tropical, coastal, desert, etc.

For the making of the World’s largest jungle safari park an Aravalli Foundation will be set up which will manage the project.

Vladimir Putin Declares Annexation Of 4 Ukrainian Regions by Russia

Vladimir Putin has declared the Annexation of 4 Ukrainian regions by Russia namely Donetsk, Luhansk, Kherson and Zaporizhia.

The West has denounced the annexation of occupied Ukrainian territory by Russia as an illegitimate land grab after Russian President Vladimir Putin signed treaties.

The president of Ukraine, Zelenskyy responded by unexpectedly submitting an application to join the NATO armed alliance.

Kazakhstan changes capital’s name from Nur-Sultan back to Astana

Kazakhstan’s President, Kassym-Jomart Tokayev is to restore the former name of the country’s capital, Astana, just three years after he renamed it in honour of his predecessor.

Kazakhstan’s president has signed a law limiting presidential terms and reverting to the old name of the Central Asian country’s capital, in the latest step of breaking with the legacy of his predecessor. The bill also reinstated the capital’s name to Astana.

The name was changed to Nur-Sultan in March 2019, in honour of outgoing president Nursultan Nazarbayev. President Kassym-Jomart Tokayev signed a bill on 24 Sept limiting presidential mandates to a single seven-year term, a day after parliament approved the measure.

Important For All Exam 2022:

Kazakhstan President: Kassym-Jomart Tokayev;

Kazakhstan Currency: Kazakhstani tenge.

Eurozone Inflation Hits At 10%, A new High

 Inflation in the 19-member eurozone reached 10% in September, the highest it has ever been in the history of the common European currency, according to the latest flash estimate from Eurostat, the EU statistics agency.

This is up from the 9.1% seen in August. Just one year ago, inflation was 3.2%. The high inflation figure comes as the region experiences soaring electricity and natural gas prices, and also comes amid forecasts of a looming recession.

The price of energy has risen 40.8% when compared to last year’s prices, while the cost of food, alcohol and tobacco rose 11.8% in September, up from the 10.6% recorded in August. The inflation figure in Estonia for September was pegged at a whopping 24.2%, a little lower than the 25.2% seen in August, but also the highest in the eurozone.

5G Launch: PM Modi says rollout of 5G a gift to 130 billion Indians

5G Launch: The nation’s 5G services were officially inaugurated by Prime Minister Narendra Modi on October 1st, 2022, ushering in a period of ultra-high-speed mobile internet, according to a statement from the Prime Minister’s Office. The sixth iteration of the India Mobile Congress was also launched by PM Modi.

A new era in the nation is ringing in with the arrival of 5G. A limitless sky of options will open up with 5G.

The PM continued by saying that the New India will actively participate in the creation and use of technology rather than simply becoming a consumer of it.

Future wireless technology design and related production will be heavily influenced by India.

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.