Today Top Current Affairs 18 October 2022

Today Top Current Affairs 18 October 2022 – Here, you will find Daily Current Affairs events which will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. also, get Latest Current Affairs Quiz and Monthly Current Affairs 2022 PDF to crack your exams.

National Current Affairs

Railway Minister Inaugurates India’s First Aluminium Freight Rake in Odisha

On 16th October 2022, Hindalco launched India’s first all-aluminium freight rail rakes in order to help fast-track the country’s ambitious plan to modernise freight transportation and enable large carbon savings for Indian Railways. Union minister for railways Shri Ashwini Vaishnaw Ji inaugurated the rake, “61 BOBRNALHSM1″, at Bhubaneswar railway station, Odisha.

  • The new 61-wagon rake will carry coal for Hindalco’s Aditya Smelter in Lapanga. These wagons can save 14,500 tonnes of CO2 emissions, have more carrying capacity, consume less energy and are corrosion-resistant.
  • Railways plan the potential annual CO2 reduction to the tune of over 25 lakh tonne, with a 15 – 20% shift to aluminium wagons in the coming years by deploying more than one lakh wagons.
  • Aluminium is the preferred choice for metro trains for its durability and most importantly – passenger safety.

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PM Narendra Modi dedicates 75 Digital Banking Units to nation

Prime Minister Narendra Modi has dedicated 75 Digital Banking Units (DBU) across 75 districts to the nation through video conferencing.

  • The 75 Digital Banking Units (DBU) will further financial inclusion and enhance the banking experience for residents and will ease Living for the common citizens.
  • It will also simplify the banking procedure and will offer a robust and secure banking system.
  • People who are living in small towns and villages will get benefits like transferring money to availing loans.
  • Digital Banking Units (DBU) will be a big step in that direction of making the life of the common man of India easier.
  • Finance Minister announced setting up the 75 DBUs in 75 districts on the occasion of 75 years of independence.
  • The DBUs will ensure the benefits of digital banking reach every nook and corner of the country and will cover all the States and Union territories.
  • DBUs will be brick-and-mortar outlets which will offer a variety of digital banking facilities to people including opening savings accounts, balance-check, print passbooks, transfer of funds, investment in fixed deposits, loan applications, stop-payment instructions for cheques issued, applying for credit/debit cards, view statement of account, pay taxes, pay bills, make nominations, etc.

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Agreement Current Affairs

Ministry of Youth Affairs and Sports, FSSAI and NFSU sign MoU for setting up the testing facility for dietary supplements

Ministry of Youth Affairs and Sports (MYAS), the Food Safety and Standards Authority of India (FSSAI) and the National Forensic Sciences University (NFSU) signed a Memorandum of Understanding (MoU) for establishing the testing facility for dietary supplements. Smt. Sujata Chaturvedi, Secretary, Department of Sports, MYAS, Smt. Ritu Sain, Director General, NADA and other officers of the Ministry, FSSAI and NFSU were present on this occasion.

  • Shri Vimal Anand, Director (Sports) MYAS, Smt. Sweety Behra, Director, FSSAI and Shri C.D. Jadeja, Executive Registrar, NFSU signed the MoU to achieve the goal of ‘Atmanirbhar Bharat’.
  • The MoU aims to benefit athletes and athlete-support personnel by educating and spreading awareness about inadvertent doping due to prohibited substances present in nutritional supplements.

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Garuda Aerospace & Lockheed Martin CDL Signs MoU to Collaborate on Drones

Garuda Aerospace signed a Memorandum of Understanding (MOU) with Lockheed Martin Canada CDL Systems in order to integrate its Made-in-India drones with the latter’s advanced Uncrewed Aerial Systems (UAS) software solutions for defence and commercial applications.

  • As per the MoU, Garuda Aerospace & Lockheed Martin CDL will build a strong data processing capability and develop joint algorithms for catering for a wide range of drones and various drone-based service applications in sectors such as defence, agriculture, mining, large-scale mapping and industrial inspection, said Garuda Aerospace.
  • The MoU will provide a strong competitive edge for Garuda Aerospace to cement market dominance in several sectors.
  • It will also bring class drone software solutions to diverse market segments in India and will also create high-tech job opportunities across the country.

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Ranking Current Affairs

Global Hunger Index 2022: India slips to 107th place, behind Bangladesh

India has fallen six places to rank 107 on the Global Hunger Index (GHI), 2022, out of 121 countries With a score of 29.1. the publishers of Global Hunger Index, European NGOs Concern Worldwide and Welthungerhilfe declared the level of hunger as serious.

  • Bangladesh moved eight positions down to rank 84th among 121 countries GHI.
  • Pakistan, Sri Lanka, Bangladesh, Nepal, and Myanmar have been ranked 99, 64, 84, 81, and 71 respectively.
  • Belarus, Bosnia & Herzegovina, Chile, China and Croatia are the top five countries in GHI 2022.
  • Chad, the Democratic Republic of Congo, Madagascar, the Central African Republic and Yemen are the countries ranked at the bottom of the index.

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Global Multidimensional Poverty Index 2022

Around 415 million people in India came out of poverty between 2005-06 and 2019-21 and poverty has dropped from 55% to just over 16% over this period, as per the Global Multidimensional Poverty Index 2022.

  • In 2020, the largest number of poor people in the world — 228.9 million — lived in India. the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford released the MPI report.
  • India’s MPI value fell from 0.283 in 2005-2006 to 0.122 in 2015-2016 to 0.069 in 2019-2021.
  • India’s incidence of poverty fell from 55.1% in 2005-2006 to 27.7% in 2015-2016 to 16.4% in 2015-2016.
  • The MPI report said The incidence of poverty fell from 36.6% in 2015-2016 to 21.2% in 2019-2021 in rural areas and from 9.0% to 5.5% in urban areas.

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Economy Current Affairs

CII-EY Report: Foreign investment in India may reach $475 b in next five years

As per the CII-EY report, India can have growth prospects for foreign investments with a potential to attract FDI flows of USD 475 billion in the next 5 years. Foreign Direct Investment (FDI) in India was increased in the last decade with FY2021-22 receiving FDI inflows of $84.8 billion.

  • CII-EY report shows that 71% of Multi-National Companies (MNCs) working in India consider the country as an important destination for their global expansion.
  • The estimated real growth in consumption is the 3rd highest behind only the US and China and the fast-expanding digital economy is expected to reach $1 trillion by 2025.
  • the report titled ‘Vision – Developed India: Opportunities and Expectations of MNCs’ said the Indian economy will perform significantly better in 3-5 years, with 96% of respondents being positive about the country’s overall potential

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Appointment Current Affairs

Paytm Payments Bank appoints Deependra Singh Rathore as Interim CEO

Paytm Payments Bank has appointed Deependra Singh Rathore as the interim chief executive officer (CEO), in addition to his role as chief product & technology officer. the bank is looking to strengthen its leadership with seasoned executives from the banking and financial services industry towards digitalisation of the whole banking sector and paperless transactions.

  • Deependra Singh Rathore will hold as the interim chief executive officer (CEO) and will replace Satish Gupta, who was the bank’s CEO and is set to retire in October 2022.
  • The Bank also appointed Sunil Chander Sharma, a former IRS officer as a chief operating officer (COO) to oversee the functions of customer support, retail operations, legal and Law Enforcement Agencies (LEA) and Human Resources and Administration.

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Science Current Affairs

Toyota Introduces India’s First Flex Fuel-Strong Hybrid Electric Vehicle

Toyota launched a first-of-its-kind pilot project flex fuel-strong hybrid electric vehicle (FFV-SHEV) in India which can run on 100 per cent ethanol. Nitin Gadkari launched Toyota’s first-of-its-kind pilot project on a flex fuel-strong hybrid electric vehicle (FFV-SHEV).

  • An FFV-SHEV contains a flex-fuel engine and an electric powertrain and extends the dual advantages of higher ethanol use and greater fuel efficiency.
  • it can also run in its EV mode for a good amount of time, while the engine stands shut off.
  • Flex fuel engines are popular in Brazil, the United States, European Union and China among many others.
  • India is the 5th largest manufacturer of ethanol after the US, Brazil, the European Union and China.

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Sports Current Affairs

Qatar Hosts 2023 AFC Asian Cup; India & Saudi Arabia Shorlisted for 2027 AFC Asian Cup

Asian Football Confederation (AFC) announced that Qatar will host next year’s Asian Cup in place of original host China after seeing off rival bids from South Korea and Indonesia.

  • The Gulf state hosted the Asian Cup twice before in 1988 and 2011 and won the last edition in the United Arab Emirates in 2019.
  • The gas and oil-rich country have established 7 stadiums and upgraded another around the capital Doha to host the 32-team World Cup finals in November and December.
  • The AFC executive committee has shortlisted the bids from India and Saudi Arabia for that tournament with a final decision to be made at their next meeting in February.

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India Wins Women’s Asia Cup 2022 defeating Sri Lanka; India won their 7th Asia Cup

 India defeated Sri Lanka by 8 wickets to lift their 7th Asia Cup crown. Smriti Mandhana got her 18th T20I fifty. Renuka Singh (3/5), Rajeshwari Gayakwad (2/16), and Sneh Rana (2/13) help India to restrict Sri Lanka from 65 for 9 in 20 overs. Inoka Ranaweera (18 not out) was the top scorer for Sri Lanka.

Sri Lanka: 65 for 9 in 20 overs (Inoka Ranaweera 18 not out; Renuka Singh 3/5, Rajeshwari Gayakwad 2/16, Sneh Rana 2/13)

India: 71 for 2 in 9.3 overs (Smriti Mandhana 51 not out)

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Important Days

World Trauma Day 2022

Every year, World Trauma Day is observed on 17 October across the world to focus on the importance of saving lives and safety during the most critical moments of preparedness and adopting important measures.

  • The day remembers those killed or injured as a result of violence and trauma.
  • trauma is the leading cause of death and disability worldwide as per the WHO (World Health Organisation) and it can mean any kind of physical and mental injury such as road accidents, fires, burns, falls, natural or man-made disasters and violent acts etc.
  • World Trauma Day was begun in 2011 in New Delhi, India.
  • In India, around 1 Million people suffer head injuries annually, of which 75 to 80% are due to road accidents.

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International Day for Eradication of Poverty 2022

Every year, International Day for the Eradication of Poverty is observed on 17 October across the world to raise awareness about the global issue of poverty and how it is a violation of human rights and of human dignity.

  • It also aims to create awareness of the need to eradicate poverty and destitution around the world, particularly in developing countries.
  • On the 35th anniversary of the World Day to Overcome Extreme Poverty and the 30th anniversary of the International Day for the Eradication of Poverty, the UN honours people living with poverty and their daily courage and boosts awareness of why global cooperation is necessary to eradicate poverty.
  • This International Day for the Eradication of Poverty 2022 Theme is “Dignity For All in Practice”.

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World Food Day 2022

Every year, World Food Day (WFD) is celebrated on October 16th in the world. the main purpose of this day is to eradicate worldwide hunger from our lifetime. it also raises awareness and collective action to combat the issue of hunger and ensure healthy diets for all.

  • This day also marks the establishment of the United Nations Food and Agriculture Organization (FAO) in 1945.
  • WFD is an initiative by the Food and Agricultural Organisation (FAO) of the United Nations.
  • The theme for World Food Day 2022 is Leave NO ONE behind.
  • In 1979, World Food Day was designated in November by former Hungarian minister of agriculture and food Dr Pal Romany.

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