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Daily G.K. - Top Stories

24 Oct 2022

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

Boris Johnson, Rishi Sunak Lead Race to Become UK's Next Prime Minister

  • Boris Johnson and former Finance Minister Rishi Sunak were leading the potential contenders to replace British Prime Minister Liz Truss, with candidates canvassing support to become Conservative Party leader in a fast-tracked contest.
  • After Truss quit, ending her six weeks in power, those who want to replace her were trying to find the 100 votes from Conservative lawmakers needed to run in a contest which the party hopes will reset its ailing fortunes.
  • With the Conservatives all but facing a wipe out in the next national election according to opinion polls, the race is on to become the fifth British premier in six years.

Germany Hails 1st Delivery of Green Hydrogen from UAE, to Replace Coal

  • Germany took formal delivery of its first, modest, batch of hydrogen from the United Arab Emirates, a green fuel it hopes will help replace coal and gas used by energy-intensive industries in future.
  • Germany is scrambling to substitutenatural gas imports from Russia while also staying on track for its ambitious goal of cutting greenhouse gas emissions to net zero by 2025.
  • One alternative is energy-rich hydrogen gas, provided it is made with the help of renewable energy. Since hydrogen is difficult to transport it is sometimes stored as liquid ammonia.
  • The delivery in Hamburg was modest: just a single container with 13 metric tons of ammonia.

Russia Barred from Future Projects of FATF Due to Ukraine Invasion

  • Russia was barred from participating in future projects of global terror financing and money laundering watchdog Financial Action Task Force (FATF). FATF chairperson T. Raja Kumar said that the move came in the wake of Moscow's invasion of Ukraine. He said that Russia's actions continued to violate FATF's core principles, which aim to promote the security, safety and integrity of financial systems.
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BUSINESS AND ECONOMY

REC, PFC ink MoA with STPL for Financing Buxar Thermal Power Plant

  • REC and Power Finance Corporation (PFC) - CPSEs under the Ministry of Power - signed a memorandum of loan agreement with SJVN Thermal (STPL) for financing 2x660 MW coal based Buxar Thermal Power Plant (BTPP). STPL is a 100% wholly owned subsidiary of SJVN (Mini Ratna CPSE under administrative control of Ministry of Power, Govt. of India).
  • STPL is currently executing 2x660 MW coal based Buxar Thermal Power Plant (BTPP) which is a green field project designed on supercritical technology with the objective to improve the reliability of India's Eastern Electricity region and providing power to the state of Bihar.

LGT Group Forays into Indian Wealth Management Space via LGT Wealth India

  • LGT Group, a Liechtenstein-based private banking and manager, forayed into the Indian wealth management market through its entity, LGT Wealth India.
  • Majority owned by LGT Group, LGT Wealth India employs more than 200 staff and has a presence in 14 cities across India, including Mumbai, Delhi, Chennai, and Bengaluru. With LGT Wealth India, LGT is gaining a foothold in the Indian wealth management market and is further strengthening its Asia presence, including offices in Hong Kong, Singapore, Thailand, Australia and India.
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DEFENCE

BDL Signs MOU with Dassault Aviation to Integrate ASTRA & SAAW Missiles on Rafale Jets

  • Bharat Dynamics signed an MoU with French Dassault Aviation for the integration of BDL Weapon Systems like Astra BVR & SAAW weapons on the IAF Rafale fighter jets.
  • Ministry of Defence, on May 31, 2022, had signed a contract with Bharat Dynamics Limited (BDL) for supply of ASTRA MK-I Beyond Visual Range (BVR) Air to Air Missile (AAM) and associated equipment for the Indian Air Force & Indian Navy at a cost of Rs 2,971 crore under Buy (Indian-IDDM) category.
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PERSONS IN NEWS

Fire-Boltt Appoints Vijay Deverakonda as its New Brand Ambassador

  • Boltt Games Private Limited's Fire-Boltt brand appointed actor and film producer Vijay Deverakonda as its new brand ambassador. Alongside cricketing legend Virat Kohli and actors Vicky Kaushal and Kiara Advani, Devarakonda would participate in the company's commercial marketing efforts and would help in establishing its presence in the Indian market.
  • The company incubated by Savex Technologies.
  • The actor would be a part of different marketing, ad, and endorsement campaigns for the company. His persona resonates with the brand identity and will be an inspiration to numerous young fans.
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DAYS AND EVENTS

Raising Day of Indo Tibetan Border Police

  • The Indo-Tibetan Border Police Force (ITBP) observed its 61st Raising Day on October 24, 2022. The ITBF was raised in the aftermath of the Chinese aggression in 1962. It is one of the five bodies of the Central Armed Police Forces (CAPF).
  • The ITBP keeps an eye on the northern borders and protects them from border violations. The ITBP, from the dense forest of Arunachal Pradesh to the icy heights of the Himalayas, has performed with the utmost dedication. Their dedication and their commitment during times of disaster are extremely appreciable.
  • The ITBP was raised on October 24, 1962. The ITBP guards the 3,488 km long India-China border, which ranges from the Karakoram Pass in Ladakh to Jachep La in Arunachal Pradesh.

United Nations Day

  • United Nations Day, on 24 October, marks the anniversary of the entry into force in 1945 of the UN Charter. With the ratification of this founding document by the majority of its signatories, including the five permanent members of the Security Council, the United Nations officially came into being. In 1945, 50 governments gathered to draft the UN Charter. They have struggled and accomplished great feats to uphold peace, protect human rights, and play a key role in bringing international justice.
  • The United Nations is an international organization founded in 1945. At present, there are 193 Member States. The UN is guided by the purposes and principles contained in its founding Charter which was signed in 1945. The United Nations Day commemorates the signing of that charter. According to their official website, the United Nations is "One place where the world's nations can gather together, discuss common problems, and find shared solutions."
  • The United Nations officially came into existence on 24 October 1945, when the Charter was ratified by China, France, the Soviet Union, the United Kingdom, the United States and by a majority of other signatories. The name "United Nations" was coined by the United States President Franklin D. Roosevelt and first used in the Declaration by United Nations of 1 January 1942, during Second World War.

World Development Information Day

  • Each year the United Nations marks October 24 as World Development Information Day. This day is observed to create awareness towards the problems surrounding development in different nations and how to overcome them. The day is marked on the same day as United Nations Day, which was formed on October 24, 1945.
  • In 1972, the UN General Assembly established World Development Information Day with Resolution 3038 (XXVII). The international organisation hoped to make people aware of developmental problems that countries across the world continue to face. At the time, the standard of living was abysmally low in many countries. The day was established to increase international cooperation to solve developmental problems and start improving living standards across the globe.
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AWARDS AND HONOURS

Karnataka Bank Wins Digital Transformation Award

  • Karnataka Bank was awarded the National Digital Transformation Awards, DX 2022 Awards, by Confederation of Indian Industry (CII) for best practice in digital transformation under the BFSI (banking, financial services and insurance) segment.
  • The awards recognise 'innovative excellence' in three categories: employee engagement, operational excellence, and customer experience.
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GENDER/ HEALTH/ EDUCATION

Tripura CM Inaugurates State's First Government English Medium College

  • Chief Minister of Tripura Manik Saha along with Education Minister Ratan Lal Nath inaugurated the first English medium general degree college of the state in the city having 100 intake capacity. The first five basic subjects of the arts stream include compulsory Bengali and English. Tripura government has built the general degree college at a budget of Rs 1 crore by renovating an old Teaching College.
  • The state government aims to make the state an education hub with the inauguration of its first English medium government college.
  • A large number of schools at each of the revenue blocks have been converted into an English medium government institution with all modern educational tools.
  • The exact syllabus of CBSE has been introduced in the schools which are followed by recruiting a large number of trained teachers and training up to over 40,000 existing teachers.
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