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 10 November 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 – 10 November 2022
World Science Day for Peace and Development 2022: World Science Day for Peace and Development was proclaimed by the UN Educational, Scientific and UNESCO in 2001 under the UNESCO 31 C/Resolution 20. It is celebrated every year on November 10, around the globe, marking the significance of science in society. The day highlights the significant role of science in society and the need to engage the wider public in debates on emerging scientific issues. It also underlines the importance and relevance of science in our daily lives.
World Science Day for Peace and Development: Theme
This year’s theme for World Science Day for Peace and Development is – Basic Sciences for Sustainable Development. According to the United Nations’ official website, it has been noted in the UNGA in December 2021 that ‘We need more basic science to achieve The 2030 Agenda and its 17 Sustainable Development Goals’.
World Science Day for Peace and Development: Significance
In order to raise awareness and make scientific knowledge available to everyone, the world celebrates World Science Day for Peace and Development. It is a day when scientists, researchers, and teachers alike can come together and help people understand the benefit of science and how it plays a key role in improving their lives.
The goal of commemorating the day is to raise awareness of the need to preserve the environment. It is a means of maintaining sustainable development and promoting world peace. A day where people from all walks of life can come together and be educated about the latest discoveries in the field.
World Science Day for Peace and Development: History
In 1999, UNESCO and the International Council for Science organized the first-ever World Scientific Conference in Budapest. At the event, several delegations agreed that there is a need for educating society about science. Here, by unanimous decision, a special day or week was to be dedicated to science. A year later, the UNESCO Executive Body adopted World Science Day for Peace and Development. It was to be commemorated on November 10, worldwide.
In 2001, World Science Day for Peace and Development generated many projects, programmes and funding for science around the world. It has also aimed to develop cooperation between scientists living in regions affected by conflict, such as the UNESCO-supported creation of the Israeli-Palestinian Science Organization (IPSO).
The inaugural World Science Day for Peace and Development was observed on November 10, 2002, with events taking place all across the world. It brought together several partners, including governmental, intergovernmental and non-governmental organizations, UNESCO National Commissions, scientific and research institutions, professional associations, science teachers, schools and even the media.
Asia’s Power Businesswomen 2022: Forbes unveiled its 2022 Asia’s Power Businesswomen list, honoring 20 outstanding women in business across the Asia-Pacific region. The list of women bosses features three Indians as well. The 20 women featured are newcomers to the list, further expanding Forbes Asia’s network of female trailblazers in the region. Forbes Asia has picked those women business leaders in its November issue who came up with varying strategies that gave a boost to their businesses despite the Covid-19 pandemic and the uncertainty caused by it.
Asia’s Power Businesswomen 2022: Ghazal Alagh
The first Indian women named on the list is Ghazal Alagh, co-founder and chief innovation officer of Honasa Consumer, Mamaearth’s parent firm. Varun, her spouse and the CEO of the Gurgaon-based company, founded it in 2016. In January this year, Alagh’s company turned a unicorn.
Asia’s Power Businesswomen 2022: Soma Mondal
Second Indian businesswoman on the list is Soma Mondal, chairperson of Steel Authority of India Ltd (SAIL), the first to chair the state-run company. According to Forbes, SAIL’s yearly income increased by 50% during the fiscal year that concluded on March 31, 2022, after Mondal was appointed chairperson in 2021.
Asia’s Power Businesswomen 2022: Namita Thapar
Namita Thapar, executive director at India business of Emcure Pharma, is the third Indian to be named of Forbes Asia’s Power Businesswomen 2022 list. Thapar, who also featured on Shark Tank India as a judge oversees the India business of the Rs 61 billion Pune-based company that her father, Satish Mehta, founded over forty years ago.
Asia’s Power Businesswomen 2022: Other women’s
Other women who feature on the list include Choi Soo-yeon, CEO of Naver, South Korea’s largest internet company by market capitalisation; Japan’s twin sisters Anna Nakajima and Mizuki Nakajima, co-founders of smartphone gaming app Coly, the youngest on the list; and Wallaya Chirathivat, president director and CEO of Thailand’s largest retail property developer Central Pattana.
Asia’s Power Businesswomen 2022: Other points
This year, there are three women on the list from each of India, Japan, Australia, and Indonesia, two from each of South Korea, Singapore, and Thailand, and one from each of Taiwan and China.The women were selected for their achievements in running a business with sizeable revenue and demonstrating strong leadership throughout their career.
QS Asia University Rankings 2023: Indian Institute of Technology (IIT) Bombay is the best educational education in Southern Asia while IIT Delhi ranks second in the region, according to the QS Asia University Rankings 2023. The 15th edition of the QS World University Rankings: Asia includes 757 institutions, up from 687 the previous year and the most comprehensive rankings for the area to date.
The QS ranking 2023 is being formulated on the basis of academic and employer reputations, the number of staff holding a PhD, and the percentage of international students, others. A total of 760 Asian universities are in the university ranking list this year.
According to official data, the Indian Universities which have made it to rank in the 200 QS Asia Universities Ranking are:
- IIT Bombay (40th)
- IIT Delhi (46th)
- IISc Bangalore (52)
- IIT Madras (53)
- IIT Kharagpur (61)
- IIT Kanpur (66)
- University of Delhi (85)
- IIT Rorkee (114)
- JNU (119)
- IIT Guwahati (124)
- VIT Vellore (173)
- University of Calcutta (181)
- Jadavpur University (182)
- Anna University (185)
- Chandigarh University (185)
- IIT Indore (185)
- BITS Pilani (188)
- Jamia Millia Islamia (188)
- Amity University Noida (200)
The Top 10 Asian Universities list are:
- China’s Peking University (Rank 1),
- National University of Singapore (rank 2),
- Tsinghua University, Beijing (rank 3),
- The University of Hong Kong (rank 4),
- Nanyang Technological University, Singapore (rank 5),
- Fudan University, China (rank 6),
- Zhejiang University, China (rank 6),
- Korea Advanced Institute of Science and Technology (rank 8),
- Universiti Malaya (UM), Kuala Lumpur (rank 9),
- Shanghai Jiao Tong University (rank 10).
India Will Become Third-Largest Economy By 2027: India is on track to become the world’s third largest economy by 2027, surpassing Japan and Germany, and have the third largest stock market by 2030, thanks to global trends and key investments the country has made in technology and energy, says Morgan Stanley. It further stated that India’s gross domestic product (GDP) will grow from the current $3.4 trillion to $8.5 trillion over the next 10 years.
“Incrementally, India will add more than $400 billion to its GDP every year, a scale that is only surpassed by the US and China,” Morgan Stanley’s chief Asia economist Chetan Ahya wrote in Financial Times.
What The M-S Said:
“We believe India is set to surpass Japan and Germany to become the world’s third-largest economy by 2027 and will have the third-largest stock market by the end of this decade,” says Ridham Desai, Morgan Stanley’s Chief Equity Strategist for India. “Consequently, India is gaining power in the world order, and in our opinion these idiosyncratic changes imply a once-in-a-generation shift and an opportunity for investors and companies.”
Global Offshoring Creates a Workforce for the World: More Employment Opportunity:
Companies around the world have been outsourcing services such as software development, customer service and business process outsourcing to India since the early days of the Internet. Now, however, tighter global labor markets and the emergence of distributed work models are bringing new momentum to the idea of India as the back office to the world.
“In a post-Covid environment, CEOs are more comfortable with both work from home and work from India,” says Desai. In the coming decade, he notes, the number of people employed in India for jobs outside the country is likely to at least double, reaching more than 11 million, as global spending on outsourcing swells from $180 billion per year to around $500 billion by 2030.
India’s Share of Manufacturing is expected to increase to 21% of GDP by 2031:
India is also poised to become the factory to the world, as corporate tax cuts, investment incentives and infrastructure spending help drive capital investments in manufacturing.
“Multinationals are now buoyant about the prospects of investing in India, and the government is helping their cause by investing in infrastructure as well as supplying land for building factories,” says Upasana Chachra, Chief India Economist. Morgan Stanley data shows that multinational corporations’ sentiment on the investment outlook in India is at an all-time high. By 2031, manufacturing’s contribution to India’s GDP might rise from 15.6% to 21%, doubling the country’s export market share.
Digitalization, Credit and the Consumer:
India began laying the foundation for a more digital economy more than a decade ago with the launch of a national identification program called Aadhaar. The system creates biometric IDs to establish proof of residence and has been instrumental in digitizing financial transactions, among other benefits.
This initiative is now part of IndiaStack, a decentralized public utility offering a low-cost comprehensive digital identity, payment and data-management system. “IndiaStack is likely to lead to a massive change in how India spends, borrows and accesses healthcare,” says Desai.
About The Consumers:
Indian consumers are also likely to have more disposable income. India’s income distribution could flip over the next decade, and consequently overall consumption in the country could more than double from $2 trillion in 2022 to $4.9 trillion by the end of the decade—with the greatest gains going to non-grocery retail, including apparel and accessories, leisure and recreation, and household goods and services, among other categories.
Skyroot’s first rocket set for launch from Sriharikota: India’s first privately developed rocket – Vikram-S – is set for a launch between November 12 and 16, Hyderabad-based space startup Skyroot Aerospace announced.
The maiden mission of Skyroot Aerospace, named ‘Prarambh’ (the beginning), will carry three customer payloads and is set for launch from Indian Space Research Organisation’s launchpad at Sriharikota. The mission ‘Prarambh’, meaning ‘the beginning’, since it is the first mission for Skyroot, was unveiled by ISRO chairman S. Somanath in Bengaluru after the technical launch clearance from the Space regulator IN-SPACe.
Skyroot, a two-time national award winner, is the first start up to sign a Memorandum of Understanding (MoU) with ISRO in this regard. Skyroot’s launch vehicles are named ‘Vikram’ as a tribute to the founder of the Indian Space programme and renowned scientist Vikram Sarabhai. “Vikram-S rocket getting launched is a single-stage sub-orbital launch vehicle which would carry three customer payloads and help test and validate majority of the technologies in the Vikram series of space launch vehicles.
About the Skyroot:
Based in Hyderabad, Skyroot builds state-of-the-art space launch vehicles for launching commercial satellites to space. It aims to disrupt entry barriers to cost-efficient satellite launch services and space-flight by advancing its mission to make spaceflights affordable, reliable and regular for all.
Important Takeaways for All Competitive Exams:
- ISRO Chairman: S. Somanath;
- ISRO’s foundation Date: 15th August, 1969;
- ISRO’s Founder: Dr. Vikram Sarabhai;
- Founder and CEO of Skyroot Aerospace: Pawan Kumar Chandana;
- Skyroot Aerospace Founded: 12 June 2018;
- Aerospace Headquarters location: Hyderabad.
Central Bank Digital Currency Could End RBI-ESMA Row: The deadlock between the Reserve Bank of India (RBI) and the European Securities and Market Authority (ESMA) over the inspection of Indian financing clearing houses may be broken by a new-age product – the central bank digital currency(CBDC).
The Issue With The European lenders:
Between 15% and 25% of trades are made by European lenders such as HSBC, Deutsche, Standard Chartered, and Barclays in the so-called negotiated dealing system order matching segment (NDS-OM), which is run by the Clearing Corporation of India Ltd. (CCIL), one of the central counterparties for trade settlement.
“The RBI does not want any foreign agencies inspecting entities regulated by it, which is a fair point. But in the current situation where it has been implemented the world over, it is difficult to make an exception here,” said a senior banking executive. “India needs these institutions here more and not complying with these norms will mean an unsustainable capital charge on banks, which could force them to pull out of the country.”
Issue With The Indian Banks:
Currently, banks have to set aside about 2.5% in capital which means about 2.5 crore for every 100 crore of trades. If the Indian central counterparties fail to comply with ESMA regulations this could go up by about 50 times, making business unsustainable.
The main advantage of a central counterparty like CCIL is that it allows multilateral netting of deals. Meaning, a bank can settle multiple deals with different participants through the system ensuring payments and receivables are netted off.
How CBDC Can Resolve It:
The RBI-backed CBDC made its debut as a pilot; it is a real-time gross settlement system. In other words, here transactions are settled on a one-on-one basis between banks. On the first day, nearly 50 government bond transactions cumulatively worth about 275 crore were settled on the system. But bankers are wary of whether it can replace trades on CCIL. “Yes there is an opportunity because it is an instant settlement system, but still risk management, liquidity and how trades will be netted off is an issue. A better solution is for the regulators to come to some sort of understanding,” said a senior banking executive.
Under CBDC, digital currency accounts are maintained with the RBI and banks have to first transfer funds from their respective current accounts to these accounts.
Bankers, however, say that it is too early to use CBDC for government bond trades extensively. Lawyers said the RBI’s views will have to be taken before even the government takes its decision.
Adidas appoints Bjorn Gulden as CEO of the company: Adidas has named rival Puma CEO Björn Gulden as its new chief executive, who will take over the German sportswear brand as a company in January. Gulden will replace Kasper Rorsted, Adidas’ CEO since 2016, whose departure was announced in August. Puma, which like Adidas is based in the southern German town of Herzogenaurach, said its chief commercial officer, Arne Freundt, will replace Gulden as its CEO.
Chief Financial Officer Harm Ohlmeyer will head Adidas until the end of the year. He takes the helm temporarily after the company ended a partnership with Ye late last month amid mounting outcry over the rapper’s offensive and antisemitic remarks.
About the Bjorn Gulden:
Gulden, a 57-year-old Norwegian who was once a professional soccer and handball player, has been Puma’s CEO since 2013. He has worked at Adidas before and was its senior vice president of apparel and accessories from 1992 to 1999. He also has served as CEO of Danish jewellery brand Pandora, managing director of footwear retailer Deichmann and president of Rack Room Shoes and is board chairman at Danish food retailer Salling Group.
Kerala govt to reimburse tech license cost to startups : Kerala has launched a scheme to reimburse the expense incurred by the nascent startup ventures to procure technology licenses from government research institutions in the country to commercialise and scale up their products.
November 2022 Current Affairs Quiz
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.
KSUM CEO, Anoop Ambika, said this scheme will help startups in the State to gain greater access to know-how required for turning their ideas into marketable products.
It has invited applications from eligible startups to avail the benefits offered by the scheme.
KSUM CEO: Anoop Ambika
DMRC, BEL sign for development of indigenous train control system : The Delhi Metro Rail Corporation and a PSU signed an agreement for development of an indigenous communication-based train control system, officials said. The DMRC is developing this indigenous system with Bharat Electronics Limited (BEL) and C-DAC as part of the ‘Make in India’ initiative of the Government of India under the aegis of the Union Ministry of Housing and Urban Affairs, the Delhi Metro said.
November 2022 Current Affairs Quiz
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.
YKC Wadiyar received International Kannadiga Rathna award 2022: Yaduveer Krishnaraja Chamaraja (YKC) Wadiyar, a member of the former royal family, has been chosen for the International Kannada Rathna award. Every year, Dubai Kannadigas give it away to commemorate Kannada Rajyothsava. The award will be presented to YKC Wadiyar during Vishwa Kannada Habba on November 19 at Sheikh Rashid Auditorium in Dubai, United Arab Emirates, in association with Kannadigaru Dubai Sangha as part of celebration of the 67th Kannada Rajyothsava. Besides, Vishwamanya Award would be presented to achievers in various fields.
A decision in this regard was made recently in Dubai during a preparatory meeting on Vishwa Kannada Habba, which was presided over by Sadanand Das, president of Namma Kundapura Kannada Balaga Gulf. It was decided to present Karnataka Rathna Dr Puneeth Rajkumar Award, from this year to achievers in service in the Gulf nations, on behalf of Kannadigaru Dubai. The first award will be presented to Karnataka Sangha Bahrain.