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 8 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 – 8 October 2022
Mohit Bhatia appointed as CEO of Bank of India Mutual Fund
Mohit Bhatia appointed as CEO of Bank of India Mutual Fund: Bank of India Investment Managers Private Ltd has appointed Mohit Bhatia as its chief executive officer with effect from 4 October, 2022.
October 2022 Current Affairs Quiz
He has over 26 years of professional experience in mutual funds and financial services industry. He served as head-sales and marketing in Canara Robeco Asset Management Company Ltd. Bank of India Investment Managers Private Limited is a wholly owned subsidiary of Bank of India.
BOI MF Headquarters: Mumbai
NASA’s SpaceX Crew-5 launches to International Space Station
NASA’s SpaceX Crew-5 launches to International Space Station: SpaceX has launched group of four astronauts to the International Space Station (ISS) as part of the Crew-5 mission, from Launch Complex 39A, Kennedy Space Center, Florida.
October 2022 Current Affairs Quiz
This is the first time that the SpaceX has launched a Russian cosmonaut on its vehicle, which comes as part of an exchange deal between Nasa and Roscosmos.
The Crew-5 flight carried Nasa astronauts Nicole Mann and Josh Cassada, Koichi Wakata (JAXA), and Anna Kikina (Roscosmos cosmonaut).
Indian origin, Dr Vivek Murthy is US representative on WHO Executive Board
Indian origin, Dr Vivek Murthy is US representative on WHO Executive Board: US President, Joe Biden has nominated Dr Vivek Murthy (45) to serve as America’s representative on the executive board of the World Health Organisation. He will serve in the new position alongside his continued duties as the US Surgeon General.
October 2022 Current Affairs Quiz
In March 2021, He was confirmed by the US Senate to serve as the 21st Surgeon General of the country. He also served as the 19th Surgeon General under President Barack Obama.
Veteran actor, Arun Bali passed away
Veteran actor, Arun Bali passed away: Veteran actor, Arun Bali has been passed away at the age of 79 in Mumbai.
October 2022 Current Affairs Quiz
He was best known for his work on TV show “Swabhimaan” and “3 Idiots”. He has started his acting debut with noted filmmaker Lekh Tandon’s TV show “Doosra Keval” and his last film is “Goodbye”.
He was suffering with Myasthenia gravis, an autoimmune disease. This happens when the communication between the muscles and nerve cells become impaired.
French writer, Annie Ernaux wins the 2022 Nobel Prize in literature
French writer, Annie Ernaux wins the 2022 Nobel Prize in literature: The French writer, Annie Ernaux (82) has been awarded the 2022 Nobel Prize in literature.
October 2022 Current Affairs Quiz
Reason: For the courage and clinical acuity with which she uncovers the roots, estrangements and collective restraints of personal memory.
She is known for works that blur the line between memoir and fiction. She becomes the 17th female writer to have won the prize. Her notable books: Cleaned Out; The Years; and Simple Passion.
Centre raises credit guarantee limit for airlines sector
Centre raises credit guarantee limit for airlines sector: The Department of Financial Services (DFS) has modified the Emergency Credit Line Guarantee Scheme (ECLGS) for the aviation sector.
October 2022 Current Affairs Quiz
The department has raised the scheme’s cheaper loan limit to ₹1,500 crore from ₹400 crore.
Aim: To help the sector tide over cash-flow problems.
As per the modified ECLGS, an airline would be eligible for 100% of its fund- based or non-fund-based loan outstanding or ₹1,500 crore, whichever is lower.
RBI issues directions for appointment of Internal Ombudsman
RBI issues directions for appointment of Internal Ombudsman: RBI has issued directions for appointment of Internal Ombudsman for all Credit Information Companies (CICs).
October 2022 Current Affairs Quiz
Eligibility:
Every CIC must appoint the Internal Ombudsman for a fixed term of 3 to 5 years. Either a retired or a serving officer.
Not below the rank of Deputy GM or equivalent, should have at least seven years of experience in banking sector. Not attain the age of 70 before completion of the proposed term. No reappointment for extension of term in the same CIC.
World Bank cuts India’s growth forecast to 6.5% for 2022-23
World Bank cuts India’s growth forecast to 6.5% for 2022-23: The World Bank has reduced the GDP growth forecast of India for 2022-23 to 6.5% from 7.5%.
October 2022 Current Affairs Quiz
Reason: The impact of the ongoing war in Ukraine, rising global interest rates and high inflation.
The organization has also noted that slowing global demand will impact the country’s exports. Recently, RBI has cut the economic growth projection for the current fiscal to 7%. UNCTAD has also declined the India’s economic growth will decline to 5.7% for 2022-23.
HDFC Bank launches SmartHub Vyapar for merchants
HDFC Bank launches SmartHub Vyapar for merchants: HDFC Bank has launched an one-stop merchant solution app named SmartHub Vyapar Merchant app.
October 2022 Current Affairs Quiz
It is a comprehensive payments and banking solution. It is designed to fulfill the everyday business needs of merchants. This app would facilitate instant, digital and paperless merchant on-boarding for HDFC Bank customers.
It also allow merchants to accept interoperable payments across multiple payment modes which include Cards – Tap & Pay, UPI and QR code.
RBI launched SupTech app, DAKSH to improve supervisory processes
RBI launched SupTech app, DAKSH to improve supervisory processes: The Governor of RBI, Shaktikanta Das has launched a new ‘SupTech’ initiative called DAKSH.
October 2022 Current Affairs Quiz
Aim: It will be the advanced supervisory monitoring system of bank.
It will help to make the supervisory processes more robust.
DAKSH:
It is a web-based end-to-end workflow application. With the help of this, RBI shall monitor compliance requirements in a more focused manner. This also improves the compliance culture in Supervised Entities (SEs) like Banks, NBFCs, etc.
Prashant Kumar appointed Yes Bank MD & CEO for 3 years
Prashant Kumar appointed Yes Bank MD & CEO for 3 years: The Reserve Bank of India has approved the reappointment of Prashant Kumar as the MD and CEO of YES Bank for another three years, with effect from 6th October 2022.
October 2022 Current Affairs Quiz
The appointment will be subject to the approval of shareholders of the private sector lender. He was appointed as the CEO of the bank after YES Bank was bailed out by a consortium of lenders in March 2020.He has served as the Deputy MD and CFO of State Bank of India.
Yes Bank Headquarters: Mumbai
World Migratory Bird Day 2022 celebrates on 8th October
World Migratory Bird Day 2022 celebrates on 8th October: World Migratory Bird Day (WMBD) is a global campaign that emphasises the importance of migratory bird conservation and habitat preservation. We commemorate this day on the second Saturday in May and the second Saturday in October. This year, World Migratory Bird Day is on May 14, with October 8 being the second time. The day raises awareness about the problems that migratory birds face, their ecological value, and the need for worldwide collaboration to protect them.
October 2022 Current Affairs Quiz
Theme:
“Impact of Light Pollution on Migratory Birds” is the theme of this year’s World Migratory Bird Day campaign.
Significance:
\World Migratory Bird Day is to protect the ecosystems used by migratory birds for breeding, non-breeding, and stopover while maintaining a healthy bird population. They are significant because they have a major impact on the environment. They are essential for preserving ecological harmony and biodiversity. In a way, birds serve as the ambassadors of nature. In order to increase migratory birds’ migration, it is vital to re-establish ecological connectivity and integrity.
History:
World Migratory Bird Day was established as a result of the United Nations Agreement on the Conservation of African-Eurasian Migratory Waterbirds. However, the concept of World Migratory Bird Day was born in the US in 1993 when a number of organisations and agencies began commemorating the day. The United Nations (UN) chose to promote awareness of migratory birds’ linkages to various geographic areas around the world in 2006. Since then, 118 nations have engaged in and attended the event.
On the second Saturday in October, people all around Central and South America, Mexico, and the Caribbean commemorate World Migratory Bird Day. In the United States and Canada, the day is marked on the second Saturday in May.
Indian Air Force celebrates its raising day on 8th October
Indian Air Force celebrates its raising day on 8th October: The Indian Air Force (IAF) is the fourth largest air force in the world after the US, China, and Russia. Indian Air Force Day is observed on October 8 and this year marks its 90th anniversary of this day. IAF will hold a parade at the Hindon airbase in Ghaziabad where it showcases its air power. The day and its observance is a matter of pride for Indians and inspire a patriotic zeal among the citizenry for the air arm of the Indian Armed Forces. The President of India is the Commander-in-chief of the IAF. This time Air Force Day flypast is scheduled to take place over Sukhna Lake in Chandigarh this afternoon.
October 2022 Current Affairs Quiz
Celebrations
In a historic first, the parade and fly-past of Air Force day have been moved out of the national capital region by the Indian Air Force. President Draupadi Murmu and Defence Minister Rajnath Singh will be present on this occasion. Indian Air Force was officially established on 8 October 1932 by the British Empire as the Royal Indian Air Force. The name was changed to Indian Air Force in 1950. This time 75 aircrafts will participate in the flypast, while 9 aircrafts will be kept on standby mode. The light combat helicopter LCH which were recently inducted in the IAF will also showcase its air capabilities in the sky at Sukhna lake. Tejas, Sukhoi, MIG -29, Jaguar, Rafale, and Hawk will also be part of fly past.
Significance:
The Indian Air Force Day celebration is a display of strength, bravery and courage of India’s fighter pilots who risk their lives to defend the nation. It is also a display of India’s military might to the world, particularly to its neighbouring countries.
Why Indian Air Force Day is celebrated on 8th October?
The IAF was founded on October 8, 1932, and the force has participated in several crucial wars and landmark missions. It was officially established as an auxiliary air force of the British Empire which honoured India’s aviation service during World War II with the prefix Royal. After India gained independence from the United Kingdom in 1947, the name Royal Indian Air Force was kept and served in the name of Dominion of India. With the government’s transition to a Republic in 1950, the prefix Royal was removed. The IAF also played important roles during the Congo Crisis (1960-1966) and the Annexation of Goa (1961), the Second Kashmir War (1965), the Bangladesh Liberation War (1971), the Kargil War (1999), and the Balakot airstrike and the India-Pakistan standoff of 2019.
History:
The Indian Air Force was officially established on 8 October 1932. Its first ac flight came into being on 01 April 1933. Therefore, the celebration of this day was officially started on 8th October in the year 1932 in order to increase the awareness of the Indian air force in any organization of national security both officially and publicly. The day is celebrated in air force bases all across the nation with air shows and parades conducted by air force cadets, as the Indian Air Force (IAF) has its prime responsibility of securing the Indian airspace as well as carrying out aerial warfare during any clash.
GoI named Delhi HC Judge Justice Dinesh Kumar Sharma as Presiding Officer Of UAPA Tribunal
GoI named Delhi HC Judge Justice Dinesh Kumar Sharma as Presiding Officer Of UAPA Tribunal: The government of India has appointed Justice Dinesh Kumar Sharma of the Delhi High Court as the presiding officer of the tribunal for the Unlawful Activities Prevention Act (UAPA), related to the ban on the Popular Front of India (PFI) and its associates. Once an organisation is banned under the provisions of UAPA, a tribunal is set up by the government to adjudicate whether there are sufficient grounds for the decision.
October 2022 Current Affairs Quiz
The office memorandum, issued by the Department of Justice in the Law Ministry on October 3, mentioned that Justice Sharma’s time as head of the UAPA tribunal will count as “actual service”. Chief Justice S.C. Sharma of the Delhi High Court appointed Justice Sharma to head the tribunal that will examine the ban.
Key points:
- According to procedure, the Union Home Ministry requests the Law Ministry to name a sitting judge of a High Court to be the presiding officer, and the Law Ministry, in turn, requests the Chief Justice of the concerned High Court to recommend a name. The Home Ministry will now issue a formal notification naming Justice Sharma as presiding officer.
- On September 28, the Ministry of Home Affairs had issued a notification declaring “the PFI and its associates or affiliates or fronts as an unlawful association with immediate effect”.
- The National Investigation Agency as well as the Enforcement Directorate had alleged that PFI was engaged in raising and collecting funds from abroad and transferring them to India through “clandestine and illegal channels”.
