Daily GK Update: 9th November 2022

By Neha Bisarya|Updated : November 9th, 2022

 National & International Appointments

1. GSMA elects Bharti Airtel CEO, Gopal Vittal as Deputy Chair

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  • The GSMA (UK-based grouping of global mobile carriers) has elected Bharti Airtel CEO, Gopal Vittal as Deputy Chair for two-year term (Jan 2023- Dec 2024).
  • He is the second Indian after Sunil Mittal (Bharti Enterprises Chairman) to be named a top GSMA functionary.
  • Mittal had served at the highest level as GSMA’s Chair during 2016-18.
  • While, CEO of Spain’s Telefónica Group, José María Álvarez-Pallete López will continue as the GSMA Chair.
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 National Affairs

2. PM Modi unveiled logo and theme for India’s G20 presidency

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  • PM Modi has unveiled the logo, theme and website of India's G20 presidency in New Delhi on November 8, 2022.
  • About G20 logo:
    • Logo takes inspiration from India’s national flag – saffron, white and green, and blue.
    • It juxtaposes planet Earth with the lotus (National flower), that reflects growth amid challenges.
  • Below the G20 logo, word 'Bharat' is written in the Devanagari script.
  • Theme: 'Vasudhaiva Kutumbakam' or 'One Earth One Family One Future'
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 Honours & Awards

3. Dr Subhash Babu becomes first Indian received Bailey K Ashford Medal

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  • Prominent Indian physician and scientist, Dr. Subhash Babu has received the prestigious 2022 Bailey K. Ashford Medal.
  • He was also honoured with the 2022 Fellow of the American Society of Tropical Medicine and Hygiene (FASTMH) award.
  • He is also the first Indian to receive such prestigious award.
  • Reason: For his outstanding research and contributions to tropical medicine.
  • He is the Scientific Director of International Centre for Excellence in Research-India Programme.
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 Science & Technology

4. First private rocket of India will launch in November 2022

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  • India's first private rocket, Vikram-S is ready to launch between November 12 and 16, from ISRO's launchpad at Sriharikota, Andhra Pradesh.
  • It is a single-stage sub-orbital launch vehicle, which would carry three customer payloads, and validate the majority of the technologies in the Vikram series of space launch vehicles.
  • The rocket was developed by the Skyroot Aerospace (Hyderabad).
  • This rocket will launch under their maiden mission named 'Prarambh' (the beginning)
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 Honours & Awards

5. Shivnarine, Charlotte, and Abdul Qadir inducted into ICC Hall of Fame

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  • Shivnarine Chanderpaul (West Indies), Charlotte Edwards (English) and Abdul Qadir (Pakistani) have been inducted into ICC's Hall of Fame.
  • Shivnarine was inducted in 107th ICC's hall of Fame and finished with 20,988 international runs, 41 centuries and 125 half-centuries across formats.
  • Charlotte was inducted in 108th ICC's Hall of Fame, her 5992 runs in women's ODIs are the second most in the game's history.
  • Qadir was the 109th inductee on the list.
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 Banking & Finance

6. Reliance set to acquire METRO Cash & Carry India in Rs 4,060 crore deal

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  • Reliance Industries will acquire German retailer, METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore).
  • The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry in India.
  • It will help Reliance Retail to expand its presence in the B2B segment.
  • Reliance Retail Ventures Ltd, subsidiary of Reliance Industries, is the holding company of all the retail companies.
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 Banking & Finance

7. Maharashtra topped the Mutual Fund penetration in India

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  • According to latest data, released by Association of Mutual Funds in India (AMFI), Maharashtra (60), New Delhi (42), and Goa (28) have the maximum MF penetration in India.
  • Reason: High income levels, Higher literacy rates, and Substantial inflows from corporations and high-networth individuals (HNIs).
  • While Jharkhand is one of the top 10 states with 13%.
  • AMFI determines MF penetration as the ratio of state assets managed by MFs to their Gross State Domestic Product.
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 Sports

8. Holger Rune wins Men's singles 2022 Paris Masters title

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  • Holger Rune (Danish player,19) has defeated the six-time champion, Novak Djokovic to clinch his first Men's single, 2022 Masters title in Paris.
  • He has become the youngest winner of the Paris tournament since Boris Becker in 1986.
  • He is the fifth first-time Masters winner this season and will be the first Danish man to break into the top 10.
  • While the Men's double was won by Wesley Koolhof ( Netherlands) and Neal Skupski (United Kingdom)
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 Agreement

9. DMRC, BEL sign for development of indigenous train control system

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  • The Delhi Metro Rail Corporation (DMRC) has signed an MoU with Bharat Electronics Limited (BEL) for the development of an indigenous Communication Based Train Control system (i-CBTC).
  • This development comes under the 'Make in India' initiative of the Government of India under the aegis of Ministry of Housing & Urban Affairs (MoHUA).
  • CBTC is being adopted by many countries for its feature of moving block which allows high frequency of trains. 
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 Banking & Finance

10. Bureau of Energy Efficiency, SIDBI signs MoU to finance green MSMEs

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  • Bureau of Energy Efficiency (BEE) has signed an agreement with the Small Industries Development Bank of India (SIDBI) to promote energy efficiency financing for MSMEs.
  • SIDBI acts as the principal financial institution for the promotion, financing and development of MSMEs.
  • Besides direct financing, it is also a project executing agency for Partial Risk Sharing Facility (PRSF) that guarantees energy efficiency projects.
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 State Affairs

11. Kerala govt to reimburse tech license cost to startups

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  • Kerala govt has launched a scheme to reimburse the expense incurred by the startup ventures to procure technology licenses from government research institutions.
  • Under the project 'Technology Transfer Scheme', implemented through Kerala Startup Mission (KSUM), the government will reimburse upto ₹10 lakh to startups purchasing or sourcing technology.
  • It has invited applications from eligible startups to avail the benefits offered by the scheme.
  • KSUM CEO: Anoop Ambika
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 Banking & Finance

12. UAE-based Emirates NBD invests $100 mn more in India

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  • UAE-based bank, Emirates NBD will invest an additional amount of USD 100 million in its India operations, and will open two more branches in Chennai and Gurugram.
  • The lender, having the largest presence in the Middle East region, and invested USD 300 million in the last five years of its operations in India in three tranches.
  • Its current presence is not as a wholly-owned subsidiary, which is preferred by RBI for units of foreign lenders.
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 National & International Organizations

13. Three Indian women featured in 2022 Forbes' Asia's Power Businesswomen

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  • Three Indian women entrepreneurs have been featured in the Forbes' Asia's Power Businesswomen 2022 list, which features 20 women from the Asia-Pacific region.
  • Steel Authority of India chairperson, Soma Mondal; Mamaearth's co-founder, Ghazal Alagh; and Emcure Pharma executive director, Namita Thapar are the top Indian business leaders in the Asia's power list.
  • Other women: Choi Soo-yeon (CEO of Naver); Anna Nakajima and Mizuki Nakajima (co-founders of Coly)
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Daily GK Update: 9th November 2022

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