{"id":123306,"date":"2022-10-12T13:01:48","date_gmt":"2022-10-12T07:31:48","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=123306"},"modified":"2022-10-12T13:01:50","modified_gmt":"2022-10-12T07:31:50","slug":"current-affairs-for-competitive-exam-12-october-2022","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/current-affairs-for-competitive-exam-12-october-2022\/","title":{"rendered":"Current Affairs for Competitive Exam by Gkseries \u201312 October 2022"},"content":{"rendered":"\n<p><strong>Current Affairs<\/strong> is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0<strong>Daily Current Affairs 12 October 2022<\/strong>, 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 <strong>UPSC, SSC, Railway, State Govt. etc.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Current Affairs for Competitive Exam \u2013 12 October 2022<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/bse-gets-sebi-nod-for-social-exchange\/\" target=\"_blank\" rel=\"noreferrer noopener\">BSE gets SEBI nod for social exchange<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/BSE-gets-SEBI-nod-for-social-exchange.jpg\" alt=\"BSE gets SEBI nod for social exchange\"\/><\/figure>\n\n\n\n<p><strong>BSE gets SEBI nod for social exchange:<\/strong> Stock exchange BSE on Friday announced that it has got an in-principle nod from the capital market regulator Securities and Exchange Board of India (SEBI) for the social stock exchange as a separate segment.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>Social stock exchange will enable the&nbsp;listing of non-profit organisations and for-profit social enterprises&nbsp;that are&nbsp;engaged in 15 broad eligible social activities approved by the market regulator.<\/p>\n\n\n\n<p>These social entities can raise funds through equity, issue of zero-coupons zero-principal bonds, MF, social impact funds and development impact bonds.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/russia-launches-glonass-k-satellite-navigation-system\/\" target=\"_blank\" rel=\"noreferrer noopener\">Russia launches GLONASS-K satellite navigation system<\/a><\/h3>\n\n\n\n<p><strong>Russia launches GLONASS-K satellite navigation system:<\/strong> Russia has launched a GLONASS-K navigation system&nbsp;from northern cosmodrome, north of Moscow.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>This system was&nbsp;carried by Soyuz-2.1b medium-class launch vehicle. GLONASS-K is a navigation satellite intended as a&nbsp;part of the Russian GLONASS radio-based satellite navigation system.<\/p>\n\n\n\n<p>Russia has spent billions of dollars in the past two decades on developing the GLONASS system. This system seen as a potential rival to the\u00a0U.S. global positioning system (GPS).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/south-indian-bank-enters-world-book-of-records-for-101-oonjals\/\" target=\"_blank\" rel=\"noreferrer noopener\">South Indian Bank enters World Book of Records for \u2018101 Oonjals\u2019<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/South-Indian-Bank-enters-World-Book-of-Records-for-\u2018101-Oonjals.jpg\" alt=\"South Indian Bank enters World Book of Records for \u2018101 Oonjals\u2019\"\/><\/figure>\n\n\n\n<p><strong>South Indian Bank enters World Book of Records for \u2018101 Oonjals\u2019:<\/strong> South Indian Bank&nbsp;has bagged a world record for&nbsp;staging and swinging the highest 101 Oonjals (Jhoolas), beautifully decorated- in Kochi.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>The South Indian Bank has&nbsp;organized an event \u2018Onnichirikkam Oonjaladam\u2019. The World Book of Records team has also presented the award to South Indian Bank officials. Swings were made using wood and rope in the traditional way.<\/p>\n\n\n\n<p>MD and CEO of the South Indian: Murali Ramakrishnan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/gujarats-modhera-becomes-indias-first-24x7-solar-powered-village\/\" target=\"_blank\" rel=\"noreferrer noopener\">Gujarat\u2019s Modhera becomes India\u2019s first 24\u00d77 solar-powered village<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/Gujarats-Modhera-becomes-Indias-first-24x7-solar-powered-village.jpg\" alt=\"Gujarat\u2019s Modhera becomes India's first 24x7 solar-powered village\"\/><\/figure>\n\n\n\n<p><strong>Gujarat\u2019s Modhera becomes India\u2019s first 24\u00d77 solar-powered village: <\/strong>In a significant step towards promoting clean energy, Prime Minister&nbsp;<strong>Narendra Modi<\/strong>&nbsp;on Sunday declared&nbsp;<strong>Modhera<\/strong>, a village in the&nbsp;<strong>Mehsana<\/strong>&nbsp;district of&nbsp;<strong>Gujarat<\/strong>&nbsp;as&nbsp;<strong>India<\/strong>\u2018s first 24\u00d77 solar-powered village.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>Modhera, is\u00a0famous for Sun temple that was built during the Chalukya. The village has a ground-mounted solar power plant, and over 1,300 rooftop solar systems with 1kW capacity have been installed on houses to generate electricity. Both the\u00a0central and state governments have invested over \u20b980 crore\u00a0in this project in two phases.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/kishore-kumar-poludasu-becomes-new-md-ceo-of-sbi-general-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kishore Kumar Poludasu becomes new MD &amp; CEO of SBI General Insurance<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/Kishore-Kumar-Poludasu-becomes-new-MD-CEO-of-SBI-General-Insurance.jpg\" alt=\"Kishore Kumar Poludasu becomes new MD &amp; CEO of SBI General Insurance\"\/><\/figure>\n\n\n\n<p><strong>Kishore Kumar Poludasu becomes new MD &amp; CEO of SBI General Insurance: <\/strong>SBI General Insurance Company&nbsp;has appointed&nbsp;Kishore Kumar Poludasu&nbsp;as its&nbsp;new Managing Director &amp; Chief Executive Officer.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>His appointment was came into effect from&nbsp;4th October 2022. He was nominated by SBI (parent company). He was associated with SBI since 1991.<\/p>\n\n\n\n<p>Prior to this, he was the Deputy Managing Director, Head of State Bank of India, Singapore Operations. He was also\u00a0associated with setting up of National Bank for Financing Infrastructure and Development.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/amazon-india-gets-approval-by-delhi-govt-to-operate-24-7-in-new-delhi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Amazon India gets approval by Delhi govt to operate 24\/7 in New Delhi<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/Amazon-India-gets-approval-by-Delhi.jpg\" alt=\"Amazon India gets approval by Delhi govt to operate 24\/7 in New Delhi\"\/><\/figure>\n\n\n\n<p><strong>Amazon India gets approval by Delhi govt to operate 24\/7 in New Delhi:<\/strong> Delhi Lieutenant Governor, VK Saxena has&nbsp;granted an approval to Amazon India to operate 24\/7 in New Delhi.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>The application was submitted by the company around three years back.<\/p>\n\n\n\n<p><strong>Impact:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Now Amazon\u2019s products can be delivered\u00a0round-the-clock in New Delhi.<\/li><li>Boost employment generation.<\/li><li>Promote a positive and a favourable business environment.<\/li><li>The decision has been made providing exemption under Sections 14, 15 and 16 of the Delhi Shops &amp; Establishment Act, 1954.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/minister-anurag-thakur-inaugurates-water-sports-center-in-hp\/\" target=\"_blank\" rel=\"noreferrer noopener\">Minister, Anurag Thakur inaugurates Water Sports Center in HP<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/Minister-Anurag-Thakur-inaugurates-Water-Sports-Center-in-HP.jpg\" alt=\"Minister, Anurag Thakur inaugurates Water Sports Center in HP\"\/><\/figure>\n\n\n\n<p><strong>Minister, Anurag Thakur inaugurates Water Sports Center in HP:<\/strong> Union Minister of Youth Affairs and Sports Shri Anurag Singh Thakur has inaugurated a Water Sports Center in Koldam Barmana, Bilaspur, Himachal Pradesh. The centre will be dedicated to training athletes in water sports like Rowing, Canoeing and Kayaking. &nbsp;<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>It is a\u00a0joint initiated of the Sports Authority of India (SAI) and National Thermal Power Corporation (NTPC). During the event, the\u00a0Memorandum of Understanding (MoU) was also exchanged between SAI and NTPC.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/national-conference-on-skilling-in-non-traditional-livelihood-for-girls\/\" target=\"_blank\" rel=\"noreferrer noopener\">National Conference on Skilling in Non-Traditional Livelihood for girls<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/National-Conference-on-Skilling-in-Non-Traditional-Livelihood-for-girls.jpg\" alt=\"National Conference on Skilling in Non-Traditional Livelihood for girls\"\/><\/figure>\n\n\n\n<p><strong>National Conference on Skilling in Non-Traditional Livelihood for girls: <\/strong>Ministry of WCD&nbsp;has&nbsp;organized National Conference on Skilling in Non-Traditional Livelihood for Girls \u2013 Betiyan Bane Kushal in New Delhi. This conference was&nbsp;organized under the Beti Bachao Beti Padhao initiative.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>Aim:&nbsp;Convergence between Ministries and Departments to ensure the skill development of girls.<\/p>\n\n\n\n<p>During the event,\u00a0MoUs was signed between the Ministry of Skill Development and Entrepreneurship and Ministry of Minority Affairs\u00a0for Skilling of young Girls.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/world-arthritis-day-2022-observed-on-12th-october\/\" target=\"_blank\" rel=\"noreferrer noopener\">World Arthritis Day 2022 observed on 12th October<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/World-Arthritis-day-2022.jpg\" alt=\"World Arthritis day 2022\"\/><\/figure>\n\n\n\n<p><strong>World Arthritis day 2022:<\/strong> <strong>World Arthritis day<\/strong>&nbsp;is observed on&nbsp;<strong>12 October<\/strong>&nbsp;every year and it is a global health awareness event that helps create awareness about rheumatic and musculoskeletal diseases. This day aims to bring people around the world on a single platform so that their voices are heard and more support is provided for better treatment options for the people affected with rheumatic and musculoskeletal diseases (RMDs).<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>World Arthritis Day 2022: Theme<\/strong><\/p>\n\n\n\n<p>The theme for World Arthritis day 2022 is&nbsp;<strong>\u201cIt\u2019s in your hands, take action\u201d.<\/strong>&nbsp;The theme aims to encourage people with arthritis, their caregivers, families, and the general public so that they don\u2019t feel that they are alone in this situation.<\/p>\n\n\n\n<p><strong>World Arthritis Day 2022: Significance<\/strong><\/p>\n\n\n\n<p>World Arthritis day (WAD) plays a major role in encouraging people, medical organizations, and governments across the world to participate in the campaign to spread awareness. Arthritis is an inflammatory joint disorder affecting the joints tissues and connective tissues that results in joint pain and stiffness. There are more than 100 types of arthritis but osteoarthritis and rheumatoid arthritis are the most common ones. Arthritis and related conditions have crippled many lives around the world.<\/p>\n\n\n\n<p><strong>World Arthritis Day 2022: History<\/strong><\/p>\n\n\n\n<p>World arthritis day (WAD) was established by\u00a0<strong>Arthritis and Rheumatism International (ARI).<\/strong>\u00a0The first event for World Arthritis day was organized on\u00a0<strong>12 October 1996.<\/strong>\u00a0Since then various local, and global communities like Arthritis Foundation have come together to raise awareness and fight the awareness gap in order to provide support and access to the communities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/nomura-prediction-for-india-in-fy24-5-2-slowdown-in-growth-rate\/\" target=\"_blank\" rel=\"noreferrer noopener\">Nomura Prediction for India in FY24: 5.2% Slowdown in Growth Rate<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/Nomura-Prediction-for-India-in-FY24.jpg\" alt=\"Nomura Prediction for India in FY24: 5.2% Slowdown in Growth Rate\"\/><\/figure>\n\n\n\n<p><strong>Nomura Prediction for India in FY24:&nbsp;<\/strong>Nomura predicts that India\u2019s growth will drastically slow down to 5.2% in 2023\u201324 (<strong>FY24<\/strong>) from 7% in the current fiscal year due to the spillover effects of the global downturn. The Japanese brokerage batted for policy vigilance amid the global headwinds, and underlined that macro stability should be the priority, more than growth.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Nomura Prediction for India in FY24: Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In FY20, the economy grew at 4%, a multi-year low. It is anticipated that growth will decelerate in FY24, just before the following national elections.<\/li><li>Nomura expects inflation to average at 6.8% in FY23, a tad above the Reserve Bank of India\u2019s 6.7% estimate, and cool down to 5.3% in FY24. \u201cWe share the consensus view that inflation will remain elevated in the foreseeable future and core inflation will remain sticky,\u201d it said.<\/li><li>Spending reductions would be required in order to fulfil the 6.4% budget deficit objective for FY23, and it was noted that a target of under 6% for FY24 was \u201ccircumspect\u201d.<\/li><li>The company predicted that the RBI will boost the terminal repo rate by 25 basis points in February and 35 basis points in December, respectively, to reach 6.50%.<\/li><li>Since May, the RBI has increased the repo rate by 190 basis points to control inflation.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/ananth-narayan-gopalakrishnan-take-charges-as-whole-time-member-at-sebi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ananth Narayan Gopalakrishnan take charges as whole-time member at SEBI<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/Ananth-Narayan-Gopalakrishnan-take-charges-as-whole-time-member-at-SEBI.jpg\" alt=\"Ananth Narayan Gopalakrishnan take charges as whole-time member at SEBI\"\/><\/figure>\n\n\n\n<p><strong>Ananth Narayan Gopalakrishnan take charges as whole-time member at SEBI: <\/strong>Former banker Ananth Narayan Gopalakrishnan took charge as Whole Time Member, Securities and Exchange Board of India, in Mumbai, on Monday. Ananth Narayan will handle Market Intermediaries Regulation and Supervision Department (MIRSD), Alternative Investment Fund and Foreign Portfolio Investors Department (AFD), Integrated Surveillance Department (ISD), Department of Economic &amp; Policy Analysis (DEPA) and Information Technology Department (ITD), a release from SEBI said. Narayan, who has been a member of various advisory committees of Sebi and RBI, has been appointed for an initial period of 3 years.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Ananth Narayan Gopalakrishnan: Previous job and Experience<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Before assuming charge, Narayan was an associate professor at SP Jain Institute of Management &amp; Research. He has over two and half decades of experience in the banking and financial markets, during which he held the position of Regional Head of Financial Markets for ASEAN and South Asia at Standard Chartered Bank.<\/li><li>He has strong expertise in foreign currency, interest rates, derivatives and debt capital markets. Narayan has also worked with Deutsche Bank and Citibank.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.gkseries.com\/blog\/centre-extends-ethanol-subsidy-scheme-till-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">Centre Extends Ethanol subsidy scheme till March 2023<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gkseries.com\/blog\/wp-content\/uploads\/2022\/10\/Centre-Extends-Ethanol-subsidy-scheme-till-March-2023.jpg\" alt=\"Centre Extends Ethanol subsidy scheme till March 2023\"\/><\/figure>\n\n\n\n<p><strong>Centre Extends Ethanol subsidy scheme till March 2023: <\/strong>The Centre has extended the timeline for disbursement of loans up to March 31 under the ethanol blending programme interest subsidy scheme, notified first in 2018, to facilitate entrepreneurs to complete their projects while availing of government support.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-october-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">October 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>The Ministry Response:<\/strong><\/p>\n\n\n\n<p>The Food Ministry issued a notification on October 6 stating the applicants who have submitted their applications to DFPD after the date of notification of the scheme but within the cut-off date prescribed in the notification dated 19.07.2018 and in case of whom, loans were disbursed to them prior to the in-principle approval of DFPD, will also be eligible for interest subvention under the scheme.<\/p>\n\n\n\n<p><strong>Need of 20% Ethanol Blending :<\/strong><\/p>\n\n\n\n<p>Immense benefits can accrue to the country by 20% ethanol blending by 2025, such as&nbsp;saving Rs 30,000 crore of foreign exchange per year, energy security,&nbsp;lower carbon emissions, better air quality, self-reliance, use of damaged foodgrains, increasing farmers\u2019 incomes, employment generation, and greater investment opportunities.<\/p>\n\n\n\n<p>The E-20 roadmap proposes the following milestones:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Raise&nbsp;pan-India ethanol production&nbsp;capacity from the current 700 to 1500 crore litres<\/li><li>Phased rollout of E10 fuel by April 2022<\/li><li>Phased rollout of E20 from April 2023, its availability by April 2025<\/li><li>Rollout of E20 material-compliant and E10 engine-tuned vehicles from April 2023<\/li><li>Production of E20-tuned engine vehicles from April 2025<\/li><li>Nationwide educational campaign<\/li><li>Encourage use of water-sparing crops, such as maize, to produce ethanol<\/li><li>Promote technology for the production of ethanol from non-food feedstock.<\/li><\/ul>\n\n\n\n<p><strong>Govt Approach:<\/strong><\/p>\n\n\n\n<p>The Centre has notified different interest subvention schemes for sugar mills and distilleries during 2018-2021, with a view to increasing production of ethanol and its supply under&nbsp;Ethanol Blended with Petrol (EBP) Programme, especially in the surplus season. This will also improve the liquidity position of the sugar mills enabling them to clear cane price arrears of farmers. The government is extending financial assistance in the form of&nbsp;interest subvention at 6 per cent per annum or 50 per cent of rate of interest charged by banks, whichever is lower, on the loans to be extended by banks for five years, including one-year moratorium. With the vision to boost agricultural economy, reduce dependence on imported fossil fuel, save foreign exchange on account of crude oil import bill and reduce air pollution, the government has fixed&nbsp;target of 10 per cent blending of fuel grade ethanol with petrol by 2022, and 20 per cent by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That\u2019s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post,\u00a0Daily Current Affairs 12 October 2022, we have tried to cover each and every point and also included all [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":123307,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4970],"tags":[1475],"class_list":["post-123306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-october-2022","tag-daily-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/123306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=123306"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/123306\/revisions"}],"predecessor-version":[{"id":123308,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/123306\/revisions\/123308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/123307"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=123306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=123306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=123306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}