Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 13 October 2022, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.
Current Affairs for Competitive Exam – 13 October 2022
India’s space economy to be reach $13 billion by 2025
India’s space economy to be reach $13 billion by 2025 : As per the report, ‘Developing the Space Ecosystem in India: Focusing on Inclusive Growth’, India’s space economy is expected to touch $12.8 billion by 2025.
October 2022 Current Affairs Quiz
The report was released by the Indian Space Association (ISpA) and Ernst and Young.
Reason: Increasing private participation, increased demand for small satellites
It was also noted that, India has of over 100 space tech start-ups with investments in the segment touching $68 million in 2021.
RBI raised minimum capital requirement for setting up ARCs
RBI raised minimum capital requirement for setting up ARCs : The Reserve Bank has raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from Rs 100 crore.
October 2022 Current Affairs Quiz
Aim: To strengthen the securitization sector which plays a vital role in the management of distressed financial assets.
RBI has generally requested all ARCs to gradually increase their minimum net-owned fund to Rs200 crore by the end of March 2024 and Rs300 crore by the end of March 2026.
IDBI Bank partners Vayana Network on supply chain finance
IDBI Bank partners Vayana Network on supply chain finance : IDBI Bank has signed an MoU with Vayana Network for end-to-end digitalization services.
October 2022 Current Affairs Quiz
Aim: To contribute in the growth of the supply chain finance penetration in India, which is less than 1% of gross domestic product (GDP) and contributes only 5% of the outstanding banking assets.
IDBI Bank has an existing CMS and e-trade platform. With this partnership, the bank aims to provide complete digital solutions to corporate banking and small business clients.
Dhoni launches made-in-India ‘Droni’ drone
Dhoni launches made-in-India ‘Droni’ drone : Mahendra Singh Dhoni has launched a ‘made-in-India camera drone named ‘Droni’ with advanced features. This drone was manufactured by Garuda Aerospace. The new drone is useful for surveillance and will be available for purchase towards the end of 2022.
October 2022 Current Affairs Quiz
During the event, it was also announced the launch of Kisan Drone, a battery-powered device, aimed at farmers who want to spray pesticides.
Garuda Aerospace founder: Agnishwar Jayaprakash
NCLT approves Adani Ports to acquire remaining 58.1% in Gangavaram Port
NCLT approves Adani Ports to acquire remaining 58.1% in Gangavaram Port : Adani Ports and Special Economic Zone Ltd (APSEZ) has received an approval from the National Company Law Tribunals (NCLT) to acquire the balance 58.1% stake in Gangavaram Port Limited (GPL).
October 2022 Current Affairs Quiz
Earlier, APSEZ had acquired 31.5% in the company from Warburg Pincus and 10.4% from Andhra Pradesh government.
GPL is an all-weather deep-water multipurpose port. APSEZ is the flagship transportation arm of the diversified Adani group. The deal prices GPL at around Rs 6,200 crore.
Odisha CM Naveen Patnaik launches ‘Football for All’
Odisha CM Naveen Patnaik launches ‘Football for All’ : Odisha CM, Naveen Patnaik has launched an initiative called ‘Football for All’ with an aim to promote football among school children.
October 2022 Current Affairs Quiz
The programme has been initiated by FIFA in partnership with the Kalinga Institute of Industrial Technology (KIIT) and the Kalinga Institute of Social Sciences (KISS).
2022 FIFA U-17 Women’s World Cup host:
Kalinga Stadium, Bhubaneswar, Odisha
Pandit Jawaharlal Nehru Stadium, Margao, Goa
DY Patil Stadium, Navi Mumbai, Maharashtra
IMF cuts FY23 GDP growth forecast to 6.8%
IMF cuts FY23 GDP growth forecast to 6.8% : As per the World Economic Outlook 2022 report, the International Monetary Fund (IMF) has cut the GDP growth forecast of India to 6.8% from 7.4% for 2022-23.
October 2022 Current Affairs Quiz
The IMF has also predicted that India will remain on track to become one of the fastest-growing economies in the world.
While, IMF has projected that global growth will slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023. IMF has also expected that inflation in India will come down to 4% range next year.
International Day for Disaster Risk Reduction 2022 observed on 13 October
International Day for Disaster Risk Reduction: Every year, millions of people around the world are impacted by natural and technological disasters, but most of their impact can be minimized with advanced planning and preventative actions. October 13 is designated as International Day for Disaster Risk Reduction with a focus on encouraging a global culture of risk awareness and catastrophe preparedness. The day also recognises the efforts communities and individuals around the world are lowering their vulnerability to disasters.
October 2022 Current Affairs Quiz
In 2022, the International Day will focus on Target G of the Sendai Framework: “Substantially increase the availability of and access to multi-hazard early warning systems and disaster risk information and assessments to people by 2030.” The urgency to achieve this target was strengthened in March 2022 by the announcement made by the UN Secretary-General António Guterres that “the United Nations will spearhead new action to ensure every person on Earth is protected by early warning systems within five years.”
International Day for Disaster Risk Reduction: Background
The International Day for Disaster Risk Reduction was started in 1989, after a call by the United Nations General Assembly for a day to promote a global culture of risk-awareness and disaster reduction. Held every 13 October, the day celebrates how people and communities around the world are reducing their exposure to disasters and raising awareness about the importance of reining in the risks that they face.
In 2015 at the Third UN World Conference on Disaster Risk Reduction in Sendai, Japan, the international community was reminded that disasters hit hardest at the local level with the potential to cause loss of life and great social and economic upheaval. Sudden onset disasters displace millions of people every year. Disasters, many of which are exacerbated by climate change, have a negative impact on investment in sustainable development and the desired outcomes.
PM Modi addressed UN World Geospatial International Congress
PM Modi addressed UN World Geospatial International Congress : Prime Minister, Narendra Modi has addressed the 2nd United Nations World Geospatial International Congress (UNWGIC), which being held in Hyderabad. The theme of UNWGIC 2022 is Geo-Enabling the Global Village: No one should be left behind.
October 2022 Current Affairs Quiz
Geospatial technology is used to create intelligent maps and models which help to collect geographically referenced data. It was hosted by the ministry of science and technology of the government of India.
Nitin Gadkari launches Toyota pilot project on Flex-Fuel Strong Hybrid EV
Nitin Gadkari launches Toyota pilot project on Flex-Fuel Strong Hybrid EV : Nitin Gadkari (Road Transport and Highways Minister) has launched first of its kind pilot project of Toyota on Flex-Fuel Strong Hybrid Electric Vehicles in India. The Toyota Corolla Altis FFV-SHEV, which was imported from Toyota Brazil for the pilot project, was unveiled.
October 2022 Current Affairs Quiz
Flex-fuel:
It is compatible cars, run on more than one type of fuel and also a mixture. These vehicles will run on 100% petrol as well as 20 to 100% blended ethanol and electric power.
1983 World Cup hero Roger Binny set to replace Sourav Ganguly as BCCI president
Board of Control for Cricket in India: India’s 1983 World Cup winning hero Roger Binny is likely to replace Sourav Ganguly as the BCCI President when the Board will hold its AGM on October 18, sources in the cricket body said on Tuesday. Jay Shah will continue as BCCI secretary, the most influential position in the board. Rajiv Shukla will also stay on as the board’s vice president.
October 2022 Current Affairs Quiz
About the Roger Binny:
Binny, 67, has a lot of experience in cricket administration. He has served in different positions at the Karnataka State Cricket Association (KSCA) over the years, and has been its president since 2019. Prior to that, Binny also was part of the KSCA administrations led by Patel and Anil Kumble (2010-12). The age-cap rule, which has led to end of Patel’s run, will also restrict 1983 World Cup-winner Binny’s tenure to one term of three years.
Another key appointment:
Along with Binny, there will be two first-timers in the new administration: Ashish Shelar, who served as Mumbai Cricket Association president between 2017 and 2019, will be the treasurer, and Devajit Saikia, currently secretary at Assam Cricket Association, will be the joint secretary. Arun Dhumal, who is set to take over as the new IPL chairman, a post held since 2019 by Brijesh Patel, the former India batter, who will be forced to vacate the seat as he turns 70 soon [on November 24]. That is the maximum permitted age limit for an office bearer or administrator in the BCCI’s constitution. Dhumal, who became a BCCI functionary during the Ganguly administration, is the brother of former board president Anurag Thakur.
