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 23 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 – 23 November 2022
FIFA World Cup 2022 Day 3 Highlights: Matchday 3 of the FIFA World Cup 2022 in Qatar was filled with action, with Argentina facing one of the biggest upsets in FIFA World Cup history. In other matches, the United States and Wales draw, as did Denmark-Tunisia and Mexico-Poland game.
FIFA World Cup 2022 Day 3 Highlights:
- In the first match Wales and USA battled out in a very end to end game, which eventually ended in a draw, with Weah scoring in the 36th minute for USA and Gareth Bale scoring a penalty in the 82nd minute.
- Argentina took the lead in the second game with a goal from Messi in the 10th minute, but Saudi Arabia responded with two goals in the 48th and 53rd minutes.
- In another game Denmark and Tunisia game ended in an goalless draw.
- In the final game of Day 3, Poland and Mexico also played out a goalless draw. Robert Lewandowski had the best chance of the game through the penalty spot but was denied by the Mexican goalkeeper.
FIFA World Cup 2022 Day 3:
The final scores of game played on Day 3 are:
Tuesday, November 22: Results
Group B: United States (1) vs Wales (1)
Group C: Argentina (1) vs Saudi Arabia (2)
Group D: Denmark (0) vs Tunisia (0)
Group C: Mexico (0) vs Poland (0)
FIFA World Cup 2022 Day 4: Schedule
Wednesday, November 23: Schedule
Group D: France vs Australia – 12:30 AM IST
Group F: Morocco vs Croatia – 3:30 PM IST
Group E: Germany vs Japan – 6:30 PM IST
Group E: Spain vs Costa Rica – 9:30 PM IST
UP chief minister Yogi Adityanath inaugurates the UNESCO-India-Africa Hackathon 2022: Yogi Adityanath, the chief minister of Uttar Pradesh, has launched the UNESCO-India-Africa Hackathon 2022 at the Gautam Buddha University in Greater Noida. The Union Ministry of Education organised the Hackathon, which is being attended by students from 22 African countries. The Unesco India-Africa Hackathon event is seeing the participation of 603 students who will engage in coding for 36 hours non-stop to find technology-based solutions for issues prevailing in the field of education, agriculture, health, energy and drinking water, among others.
The U.P. CM also invited participating African students to travel to ancient cities like Varanasi, Prayagraj, Ayodhya, and others in the state. Students from Botswana, Cameroon, Eswatini, Ethiopia, Equatorial Guinea, Gambia, Ghana, Guinea Bissau, Kenya, Lesotho, Malawi, Mali, Mauritius, Morocco, Mozambique, Namibia, Niger, Sierra Leone, Tanzania, Togo, Uganda and Zimbabwe will take part in the event.
What is a Hackathon?
A hackathon, also known as a codefest, is a social coding event that brings computer programmers and other interested people together to improve upon or build a new software. During the present Hackathon, students will code nonstop for 36 hours in order to identify technology-based solutions to problems in education, agriculture, health, energy, and drinking water, among other areas. They will also try to figure out smart solutions for global issues such as climate change, environmental issues, and renewal energy.
Important takeaways for all competitive exams:
- UNESCO Founded: 16 November 1945;
- UNESCO Headquarters: Paris, France;
- UNESCO Members: 193 countries;
- UNESCO Head: Audrey Azoulay.
Sebastian Vettel retired from Formula One racing: German racing driver Sebastian Vettel has retired from Formula One racing. Vettel won four Formula One World Championships with Red Bull between 2010 and 2013, and he previously spent six seasons with Ferrari. In the Abu Dhabi Grand Prix Sebastian Vettel finished in 10th place, the last one of his career. Vettel received a guard of honour from his fellow competitors before the race.
Career of Sebastian Vettel:
Vettel started his Formula One career as a test driver for BMW Sauber in 2006, making a one-off racing appearance in 2007. As part of the Red Bull Junior Team, Vettel appeared for Toro Rosso later that year and was kept as a full-time driver for 2008. Vettel was promoted to Red Bull in 2009. With Red Bull, Vettel won four consecutive titles from 2010 to 2013, the first of which made him the sport’s youngest World Champion.
In 2013, he set the record for the most consecutive race wins with nine. Vettel signed for Ferrari for 2015 replacing Fernando Alonso and became Mercedes’ and Lewis Hamilton’s closest challenger in two title fights in 2017 and 2018, although he finished both years as runner-up. He parted ways with Ferrari at the end of the 2020 season to race with Aston Martin for the 2021 and 2022 seasons, before announcing his plans to retire from Formula One at the end of the 2022 season.
India, China Leads as Global Intellectual Property Filings Reached New Records in 2021: Global intellectual property filings- of patents, trademarks, and designs-reached record levels in 2021 driven largely by increases from Asian countries of India, China, and South Korea according to the World Intellectual Property Organisation (WIPO).
More About The Development:
Strong growth in local patent filings in India (+5.5%), China (+5.5%), and the Republic of Korea (+2.5%) fueled global growth in patent applications in 2021, pushing Asian filings above the two-thirds mark, according to the report. Local patenting activity in the U.S. (-1.2 per cent), Japan (-1.7 per cent) and Germany (-3.9 per cent) declined in 2021.
About The Report:
The WIPO’s World Intellectual Property Indicators (WIPI) report showed that innovators around the world filed 3.4 million patent applications in 2021, up 3.6 per cent from the previous year with offices in Asia receiving 67.6 per cent of all applications worldwide.
What Has Been Said:
Despite the disruption caused by the coronavirus pandemic, this bucked previous economic downturn trends, according to WIPO. The UN agency said that despite the disruption of the coronavirus pandemic, this bucked previous economic downturn trends.
“The latest WIPI data show continued and sustained growth in IP filings, driven largely by increases from Asia, with other regions also trending mostly upward,” said WIPO Director General Daren Tang. “IP filing strength during the pandemic showed that people across the world continued to innovate and create despite the economic and social disruptions caused by the pandemic,” he added.
“However, the challenges facing us right now such as climate change and the achievement of the UN SDGs means that we have to continue supporting innovators and creators to use the IP system to bring their ideas to reality, and create the impact that will change our lives for the better,” he added.
About WIPO- World Intellectual Property Organization:
- • The World Intellectual Property Organization (WIPO) is one of 15 United Nations specialised agencies (UN).
- Formation: 14th July 1967.
- Convention Establishing the World Intellectual Property Organization, WIPO was created to promote and protect intellectual property (IP) across the world by cooperating with countries as well as international organizations.
- It began operations on 26 April 1970 when the convention entered into force
- Headquarter: Geneva, Switzerland
- WIPO’s activities include hosting forums to discuss and shape international IP rules and policies, providing global services that register and protect IP in different countries, resolving transboundary IP disputes, helping connect IP systems through uniform standards and infrastructure, and serving as a general reference database on all IP matters; this includes providing reports and statistics on the state of IP protection or innovation both globally and in specific countries.
Russia Replaces China to Become the Biggest Supplier of Fertilizers to India: Russia has become India’s biggest fertilizer supplier for the first time. Russian exporters reportedly grabbed a 21% share of the Indian fertilizer market in the first half of the 2022-23 fiscal year, overtaking China, previously India’s largest supplier.
More About This Transition:
India’s fertilizer imports from Russia surged 371% to a record 2.15 million tonnes in the first six months of the year started on April 1, a senior government official who was closely monitoring the imports, told Reuters.
He declined to be named due to the sensitivity of the matter. In value terms, India’s imports during the period spiked 765% to $1.6 billion, he said. In the last entire fiscal year India imported 1.26 million tonnes from Russia. Russia’s share of Indian fertilizer imports was hovering around 6% during the last fiscal year, while China’s stood at 24%. In the first half of 2022-23, China’s exports to India halved to 1.78 million tons amid growing Russian supplies.
About The Global Prices:
Global prices for fertilizers jumped in March after the US, the EU and allied states introduced sanctions against fertilizer supplies from Russia and Belarus. While Western countries have since backtracked on the ban, Russia has found new markets, mostly in Asia, for its exports.
About Fertilizer production:
Combined, Russia and Belarus accounted for more than 40% of global exports of potash last year. Russia accounted for about 22% of global exports of ammonia, 14% of the world’s urea exports and about 14% of monoammonium phosphate (MAP) – all key kinds of fertilizers.
India’s Import Of Fertilizers:
In June, India obtained di-ammonium phosphate (DAP) from Russia for a cost and freight basis (CFR) of $920-925 per tonne, while other Asian importers paid more than $1,000. The surge in Russian supplies halved China’s exports to India to 1.78 million tonnes in the first half of 2022-23.
Exports from other destinations such as Jordan, Egypt and the United Arab Emirates also fell. In the 2021/22 financial year Russia’s share in Indian imports was around 6%, while China cornered 24%. Russia’s market share jumped to 21% in the first half of 2022/23, surpassing China as the biggest supplier to India.
Global prices could have rallied more had India also moved away from Russia to other suppliers such as China and Morocco, which have limited supplies for exports, he said. In the first half of 2022-23, India’s overall fertiliser imports fell 2.4% year on year to 10.27 million tonnes, despite a 59% increase in value to $7.4 billion.
CRISIL Revises India’s GDP Forecast for FY23 Down From 7.3% to 7%: CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously. The credit rating agency said this is primarily because the slowdown in global growth has started to impact India’s exports and industrial activity.
More About The Forecasts:
Crisil reduced its India growth forecast by 30 basis points to 7%, while ICRA forecasted 6.5% growth in the second quarter of FY2022-23. This is mainly due to the ripple effect of slowdown in global growth and mixed crop output.
What Has Been Said:
“We have revised down our forecast for real gross domestic product growth to 7 per cent for fiscal 2023 from 7.3 per cent, primarily because of the slowdown in global growth that has started to impact our exports and industrial activity. This will test the resilience of domestic demand,” Crisil chief economist Dharmakirti Joshi said.
Aditi Nayar, his counterpart at Icra, in her report pencilled a 6.5 per cent growth in Q2 of the current fiscal, nearly half of the year-ago quarter when the economy had clipped at 12.7 per cent, but which is still a tad higher than the monetary policy committee’s September forecast of 6.3 per cent and at 6.5 per cent in gross value added (GVA) less than half of 13.5 per cent a year ago.
Main Causes For This Downturn:
The lower numbers to the mixed crop output trends revealed by the advance estimates of kharif production, adverse input cost movements for certain sectors with a higher fuel intensity, as well as the impact of the flagging external demand on non-oil merchandise exports, which whittled down the gains from robust demand for contact-intensive services, healthy capital spending by government and pre-festive season stocking of goods.
Paring growth forecast only by 30 bps as domestic demand still remains supportive, helped by a catch-up in contact-based services, government capex, relatively accommodative financial conditions, and overall normal monsoons for the fourth time in a row. The ripple effect of the global slowdown will be felt more next fiscal, which will put domestic demand under pressure as interest rate hikes get transmitted more to consumers, and the catch-up in contact-based services fades.
About The GDP Components:
GDP growth over pre-Covid levels is expected to double to over 8% in Q2, up from 3.8 percent in the previous quarter. The agency estimates the sectoral growth in Q2 to be driven by the services sector (9.4 per cent), with a subdued trend foreseen for the industry (2 per cent), and agriculture, forestry and fishing (2.5 per cent).
Despite the markdown in near-term growth, the country is expected to remain a growth outperformer over the medium-run, and expected GDP growth to average 6.6 per cent between fiscals 2024 and 2026, compared to the 3.1 per cent global growth forecast by the International Monetary Fund.
About Other Emerging Economies:
China (4.5 per cent growth estimated for 2023-25), Indonesia (5.2 per cent), Turkey (3 per cent) and Brazil (1.6 per cent).
Credit Rating Information Services of India Limited (CRISIL) is an Indian analytical company providing rating, advisory, risk & policy, and research, and it is a subsidiary of the American company S&P Global. It was the first credit rating agency in India introduced in the year of 1987 with the name of Credit Rating Information Services of India Limited.
Headquarters: Mumbai, Maharashtra
MD & CEO: Amish Mehta
India-Australia FTA Ratified By Australian Parliament: The Australian Parliament has ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023. The deal will now need approval from the Australian Cabinet and the President of India. Australia’s Parliament passed bilateral free trade agreements with India and Britain, leaving those partner nations to bring the deals into force. The bills easily passed by the House of Representatives and the Senate made them law.
More About The Development:
The deals need to be ratified by the respective British and Indian parliaments before they take effect. Neither nation has yet done that. The deals are crucial for Australia to diversify its exports from the troubled Chinese market to India and to Britain’s need to forge new bilateral trade relations since it left the European Union.
What Has Been Said:
Trade Minister Don Farrell said India had demonstrated its commitment to the bilateral economic partnership through the quality of the deal struck.
“Closer economic ties with India are a critical component of the government’s trade diversification strategy,” Farrell said. Farrell said the British deal was “crucial to boosting our growth.”
Prime Minister Anthony Albanese discussed the deals with Indian Prime Minister Narendra Modi and British Prime Minister Rishi Sunak on the sidelines of the Group of 20 summit in Indonesia. Albanese said he would visit India in March to advance the deal that was signed in April.
About The FTA:
The India-Australia FTA was signed in April this year, and was the trade pact that New Delhi had singed with a developed country after over a decade.
The agreement encompasses cooperation across the entire gamut of bilateral economic and commercial relations between the two friendly countries, and covers areas like Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Customs Procedures, Pharmaceutical products, and Cooperation in other Areas.
India will benefit from preferential market access provided by Australia on 100 per cent of its tariff lines. This includes all the labour-intensive sectors of export interest to India such as Gems and Jewellery, Textiles, leather, footwear, furniture, food, and agricultural products, engineering products, medical devices, and Automobiles. On the other hand, India will provide preferential access to Australia on more than 70% of its tariff lines, including lines of export interest to Australia, such as coal, mineral ores, and wines, among others.
HDFC Bank, Canara Bank Get RBI Approval for Rupee Trade with Russia: HDFC Bank and Canara Bank have got approval from the Reserve Bank of India (RBI) to open a special Vostro account for trade in rupees and both the approvals are for trade with Russia, banking industry sources said.
More About This:
This paves the way for cross-border trade in the Indian currency, especially between New Delhi and Moscow. Three other Indian banks — State Bank of India, IndusInd Bank and UCO Bank — had earlier received the necessary permissions from the regulator to roll out rupee trades.
Before this, SBI had said it was opening a special rupee vostro account to handle Russia-related trade settlements. The state-owned lender said it is “making necessary arrangements and processing requests received from various banks, including Russian banks, duly following RBI guidelines”.
How RBI Develop This Mechanism:
In July, the central bank had introduced a new arrangement for settling international trades in rupees. The mechanism, which allows for the invoicing, payment, and settlement of exports and imports in rupees, is designed to promote trade. It would also restrict dollar outflows at a time when the local unit has been depreciating.
Importance Of Vostro Account:
A vostro account is an account a correspondent bank holds on behalf of another bank. These accounts are an essential aspect of correspondent banking in which the bank holding the funds acts as custodian for or manages the account of a foreign counterpart.
Trade With Russia:
As It is known, India has been importing bigger amounts of crude oil from Russia after sanctions imposed on the latter over Ukraine war. As such, enabling importers to pay for buying expensive oil and coal in rupees would help preserve dollar assets.
Prof. Venu Gopal Achanta Elected as a Member of International Committee for Weight and Measures: Prof. Venu Gopal Achanta, Director of the CSIR-National Physical Laboratory (CSIR-NPL), New Delhi, has been elected to the International Committee for Weights and Measures (ICWM) (CIPM). The 27th General Conference on Weights and Measures (CGPM) meeting was held in Paris, France, from November 15 to 18, 2022. Prof. Achanta is among the 18 members elected from different countries and he is the 7th Indian to be elected to the CIPM. The first Indian to be elected as a member of CIPM was Dr. K.S. Krishnan, the founder Director of CSIR-NPL. Prof. E. S. R. Gopal, then Director of CSIR-NPL, was the last Indian to be chosen (1991-1997).
About the International Committee for Weights and Measures:
CGPM now has 64 members and meets every 4 years at the International Bureau of Weight and Measure (BIPM) in France. The CIPM is a supreme international committee which functions under the authority of the General Conference on Weights and Measures (CGPM).
The CGPM was founded in accordance with the Meter Convention, which was signed on May 20, 1875 in Paris. It is responsible for development and implementation of International Systems of Unites, universally abbreviated as SI. On January 4, 1947, the Council of Scientific and Industrial Research (CSIR), New Delhi, created the CSIR-NPL, the National Metrology Institute (NMI) of India. The Government of India enacted the “Standards of Weights and Measures Act” for the first time in 1956 to ensure that every citizen has access to uniform standards of weights and measures based on the SI units. India became the member of the CGPM in 1957.
Gautaam Borah’s new book ‘Nalanada – Until we meet again’ launched by Ruskin Bond: Gautaam Borah, a senior management professional and the globally regarded author of ‘Monetising Innovation,’ releases his latest book ‘Nalanada – Until We Meet Again.’Ruskin Bond, a great writer, launched the book. With his new book, Gautaam delivers a movie like experience that includesaction, adventure, romance, passion, grit & intuition and mystery. The book will lead you to travel through all these in a jaw dropping race.
Essence of the book:
‘Nalanda- until we meet again’ is a gripping story of romance, vengeance, and an age-old mystery. This is the story of Neil and Aanchal. Neil meets Aanchal at the iconic University of Oxford and they fall in love. Back in India, Aanchal joins an NGO and Neil a telecom company. Neil is propelled into a ruthless journey when he becomes a victim of corporate politics. Aanchal’s politician father charters a different path for her and she disappears. A stunning revelation from a mysterious sage puts Neil at the crossroads of a century-old mystery Neil needs to take up a journey to Nalanda to complete a larger task to bring Aanchal back in his life.