Daily GK Update: 10th November 2022

By Neha Bisarya|Updated : November 10th, 2022

 Sports

1. India to host 2023 women’s World Boxing Championship

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  • The Boxing Federation of India (BFI) has confirmed that the 2023 IBA Women’s World Boxing Championships will be hosted by India, in New Delhi.
  • This will be the third time, when the prestigious women’s competition will be held in India.
  • Earlier, the event was organised in 2006 and 2018 in New Delhi.
  • The tournament is likely to be held at Jawaharlal Nehru Stadium.
  • The 2023 men’s world championship will be held in Tashkent in May.
  • IBA President: Umar Kremlev
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 National & International Appointments

2. Aruna Miller becomes first Indian-American to be Lt Governor Of Maryland

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  • Aruna Miller (58) has become the first Indian-American politician to win the election of Lieutenant Governor in the state of Maryland.
  • She is also the first South Asian woman to serve at such an important position.
  • She was born in Hyderabad, India in 1964 and was immigrated to the United States when she was seven-years-old.
  • She became a US citizen in 2000.
  • In the absence of Governor, the Lieutenant Governor fills in as the state's second-highest elected official.
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 National Affairs

3. Dynamic Ground Water Resource Assessment Report released

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  • Gajendra Singh Shekhawat (Minister of Jal Shakti) has released the Dynamic Ground Water Resource Assessment Report 2022.
  • As per the report, the total annual ground water recharge for India is 437.60 billion cubic meters (BCM).
  • The annual ground water extraction is 239.16 BCM.
  • Over-exploited Units: Out of 7089 assessment units, 1006 units have been categorized as Over-exploited.
  • The report also shown improvement in ground water conditions in 909 assessment units.
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 State Affairs

4. Cauvery South Wildlife Sanctuary notified as 17th wildlife sanctuary of TN

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  • Tamil Nadu CM, M K Stalin has declared the Cauvery South Wildlife Sanctuary as 17th wildlife sanctuary of state.
  • The sanctuary was notified under Section 26-A of the Wild Life (Protection) Act, 1972.
  • It covers reserve forest areas in Krishnagiri and Dharmapuri districts, which is a home to 35 species of mammals, 238 species of birds and many more.
  • This sanctuary will connect Cauvery North Wildlife Sanctuary (TN) with the Cauvery Wildlife Sanctuary (Karnataka).
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 Banking & Finance

5. FM Nirmala Sitharaman approves Sovereign Green Bonds framework

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  • FM Nirmala Sitharaman has approved the final Sovereign Green Bonds framework of India.
  • Green bonds: They are financial instruments, that will help to generate funds for investment in environmentally sustainable and climate-suitable projects.
  • The Ministry has also constituted a Green Finance Working Committee (GFWC), chaired by CEA, GoI.
  • The committee will meet at least twice a year to support Finance Ministry with selection and evaluation of projects.
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 Banking & Finance

6. Muthoottu Mini Financiers introduces Safe lock Gold Loan facility

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  • Muthoottu Mini Financiers (Gold loan NBFC) has introduced Safe lock Gold Loan facility with an objective to avail the benefits of a locker by pledging any quantity of gold for a minimum loan amount of Rs 100.
  • The annual charges for using this facility is Rs 300.
  • With this, the customer will have insurance coverage for the pledged gold jewellery.
  • This facility can be obtained at any time through online and offline channels and repay as per the customer's convenience.
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 National & International Appointments

7. All India Rubber Industries Association elects Ramesh Kejriwal as president

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  • Ramesh Kejriwal has been elected as president the All India Rubber Industries Association (AIRIA) for 2022-23.
  • He has succeeded Dr. Sawar Dhanania.
  • Role: Leading forward the road map of AIRIA for rubber industries in the country.
  • Prior to this, he was a Managing Committee Member of AIRIA and had served as the Eastern Region Chairman.
  • Shashi Singh has also appointed as the senior vice president of AIRIA.
  • AIRIA was set up in 1945, is an apex body for rubber industries.
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 Defense

8. Indian Navy participates Malabar Naval Exercise in Japan

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  • India has participated in 26th International Malabar Naval Exercise, organised in Yokosuka of Japan.
  • The naval exercise also joined by Australia, Japan and the USA.
  • The exercise will continue till the 18th of next month.
  • From India, Indian Naval Ships Shivalik and Kamorta have been demonstrated at the event.
  • The MALABAR exercise was initiated in 1992 between the navies of India and the United States.
  • Later, it was joined by Japan in 2015, Australia in 2020.
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 Banking & Finance

9. RazorpayX launches digital lending solutions for NBFCs and fintechs

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  • Razorpay has launched RazorpayX Digital Lending 2.0, a complete digital lending solution for NBFCs and FinTechs.
  • Aim: To support the new digital lending guidelines issued by RBI.
  • It will help in automating direct disbursals & repayments between the borrower’s and the Regulated Entity’s account, which was mandated by the RBI recently.
  • It also make easier for NBFCs and Fintechs to work together more efficiently than ever before.
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 Banking & Finance

10. IMF approves $4.5 billion loan for Bangladesh to combat economic crisis

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  • The IMF has agreed to provide a $4.5 billion support package to Bangladesh, to stabilise economy and protect the vulnerable people.
  • Bangladesh is the third South Asian country, after Sri Lanka and Pakistan, to secure a bailout package from the IMF.
  • The amount will be disbursed in seven installments till December 2026.
  • The first installment of $447.48 million will be cleared in February 2023.
  • The Finance ministry officials calculated the interest rate to be around 2.2%.
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 Obituaries

11. Iconic Brazilian singer, Gal Costa passes away

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  • Renowned Tropicalia and Brazilian singer, Gal Costa has been passed away at 77.
  • Her known studio albums are - Aquarela do Brasil, Dindi, Que Pena, A Pele do Futuro, and Baby
  • She was born in the northeastern state of Bahia, Brazil.
  • She debuted her professional career on the night of 22 August 1964 at the concert Nós, por exemplo.
  • In 2011, she was honoured with the Latin Grammy Lifetime Achievement Award.
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 National & International Organizations

12. QS Asia University Rankings 2023 released

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  • IIT-Bombay has ranked 40th (Last year: 42nd) in the Quacquarelli Symonds (QS) Asia University Rankings 2023, followed by IIT Delhi (46).
  • Indian Institute of Science (IISc), Bangalore is placed at the 52nd spot followed by IIT Madras (53), IIT Kharagpur (61), IIT Kanpur (66), and University of Delhi (85).
  • Top 4: China’s Peking University; National University of Singapore, Tsinghua University, Beijing, and The University of Hong Kong
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 National Affairs

13. Krishify integrates with e-NAM’s Platform of Platforms

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  • Krishify (Social networking platform) has integrated with the Platform of Platforms (PoPs) portal by e-NAM, National Agricultural Market.
  • e-NAM is a pan-India electronic trading portal that seeks to network existing Agricultural Produce Market Committees (APMC)
  • Aim: To create a unified national market for agrarian commodities for farmers, traders, and other intermediaries.
  • Krishify will provide advisory services to farmers.
  • CEO and Co-Founder, Krishify: Rajesh Ranjan
Read Full News >>
Daily GK Update: 10th November 2022

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