- 1. Lebanon and Israel reached upon ‘historic agreement’ to end the maritime borders dispute in the Mediterranean Sea.
- 2. Ananth Narayan Gopalakrishnan has taken charge as SEBI’s whole-time member.
- 3. Saleh Kebzabo has been named the new Prime Minister by Chad's transitional government.
- 4. Central government has formed an expert committee to investigate the WHO report on the deaths of 66 children in Gambia.
- 5. Ministry of Women and Child Development organized the National Conference “Betiyan Bane Kushal”.
- 6. Center approved 3 judges as Chief Justice of high courts.
- 7. A new scheme, Prime Minister’s Development Initiative for North East Region (PM-DevINE) has been approved by Cabinet.
- 8. India finished fifth with one gold, one silver and two bronze medals at ISSF World Championship Shotgun.
- 9. Union Cabinet approved the Multi-State Cooperative Societies (Amendment) Bill, 2022.
- 10. Indian Navy conducted Offshore Security Exercise ‘Prasthan’.
- 11. Union Sports Minister Anurag Thakur launched “WADA Athlete Biological Passport Symposium-2022” in New Delhi.
- 12. Reserve Bank raised the minimum capital requirement for setting up an asset reconstruction company (ARC).
- 13. INS Tarkash took part in the 7th edition of the IBSAMAR exercise.
- 14. Vice President Jagdeep Dhankhar attended the 29th Foundation Day function of NHRC in New Delhi.
- 15. Services topped the medal tally at the 36 National Games.
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Topic: International News
1. Lebanon and Israel reached upon ‘historic agreement’ to end the maritime borders dispute in the Mediterranean Sea.
- This agreement will resolve a territorial dispute in the eastern part of the Mediterranean Sea.
- It is an area where Lebanon aims to explore natural gas and Israel has found commercially viable quantities of hydrocarbons.
- The United States has brokered the deal between Israel and Lebanon over the 860-square-kilometre (332-square-mile) area of the sea.
- This agreement will not affect the land borders and it will ease security and economic tensions between both countries.
- Under the deal, the Karish field will be under Israeli control while the Qana gas field would be divided but Lebanon will control its exploration.
- At present, Lebanon and Israel are officially at war and this agreement will not normalize relations between both countries.
Topic: National Appointments
2. Ananth Narayan Gopalakrishnan has taken charge as SEBI’s whole-time member.
- He has been appointed for an initial period of three years.
- He took charge as the fourth whole-time member in SEBI. The position was vacant since November 2021.
- He was an associate professor at SP Jain Institute of Management & Research.
- He has worked with Standard Chartered Bank, Deutsche Bank and Citibank.
- He has been given the following departments.
- Market Intermediaries Regulation and Supervision Department (MIRSD)
- Alternative Investment Fund and Foreign Portfolio Investors Department (AFD)
- Integrated Surveillance Department (ISD)
- Department of Economic & Policy Analysis (DEPA)
- Information Technology Department (ITD)
- Three other whole time members of SEBI:
- Ashwani Bhatia, former MD of the State Bank of India, is also a whole time member of SEBI.
- Other two whole time members are Ananta Barua and SK Mohanty.
- Securities and Exchange Board of India (SEBI):
- SEBI was set up in 1988 and given statutory status in 1992. Its headquarters is located in Mumbai.
- It is a regulator of the securities market in India and aims to protect the interests of investors in securities.
- Ms. Madhabi Puri Buch is the current chairperson of SEBI.
Topic: International Appointments
3. Saleh Kebzabo has been named the new Prime Minister by Chad's transitional government.
- Saleh Kebzabo is an opposition politician. Kebzabo heads the main opposition National Union for Democracy and Renewal.
- He replaces Albert Pahimi Padacke. Padacke was named Prime Minister of a transitional military government last year after President Mahamat Idriss Deby seized power.
- Chad is presently governed by a military council, headed by Mahamat Idriss Deby.
- In Chad, democratic elections are likely to take place in 2024.
- It is a landlocked country. Its capital is N'Djamena. Its currency is Central African CFA franc.
- It is bordered by Libya to the north, Sudan to the east, the Central African Republic to the south, Cameroon to the southwest, Nigeria to the southwest, and Niger to the west.
- In Chad, president is directly elected for a five-year term. Chad's constitution provides for a strong executive headed by a president. President dominates the political system.
Topic: Committees/ Commissions/Taskforces
4. Central government has formed an expert committee to investigate the WHO report on the deaths of 66 children in Gambia.
- The committee will investigate World Health Organisation report on the deaths of 66 children in Gambia by consumption of cough syrups from Maiden Pharmaceuticals Limited.
- The committee has four members. It will be chaired by Vice Chairperson of Standing National Committee on Medicines Dr Y K Gupta.
- Other members of the Committee are Dr Pragya Yadav, Dr Arti Bahl and A K Pradhan.
- Production of cough syrups by Maiden Pharmaceuticals Limited has been suspended.
- Maiden Pharmaceuticals Limited is a Sonipat-based Company. It exported ‘substandard’ pediatric cough syrups to the Gambia.
5. Ministry of Women and Child Development organized the National Conference “Betiyan Bane Kushal”.
- The Ministry of Women and Child Development (MWCD), in partnership with the Ministry of Skill Development and Entrepreneurship (MSDE) and the Ministry of Minority Affairs, organized “Betiyan Banein Kushal”.
- It was an inter-ministerial conference on non-traditional livelihoods (NTLs) for adolescent girls on the occasion of the International Day of the Girl Child on 11 October.
- On the occasion, Union Minister for Women and Child Development Smt. Smriti Zubin Irani was the chief guest.
- Smriti Irani announced that skill development training will be started in Child Care Institutions in all the states from the month of November.
- She said that employment-oriented courses would also be started in seven thousand Child Care Institutions in the country so that the children living there could become self-reliant.
- Mrs. Irani also unveiled the Beti Bachao Beti Padhao operations manual on the occasion.
Topic: National Appointments
6. Center approved 3 judges as Chief Justice of high courts.
- On the recommendation of the Supreme Court Collegium, the Central Government notified the appointment of three new Chief Justices in various High Courts.
- Justice PB Varale, a Bombay high court judge, has been appointed chief justice of the Karnataka high court.
- The current chief justice of the J&K and Ladakh high court, Justice Pankaj Mithal, has been appointed as the new chief justice of the Rajasthan high court.
- A sitting judge of the J&K and Ladakh high court, Justice AM Magrey has been promoted as the new chief justice of the same high court.
- On September 28, the Supreme Court Collegium, presided by Chief Justice of India Uday Umesh Lalit, passed a resolution recommending eight cases of transfers and appointments.
- Justices Dhananjay Y. Chandrachud, Sanjay Kishan Kaul, SA Nazir, and KM Joseph are the other members of the collegium.
- However, the government has only approved three of the eight recommendations.
Topic: Government Schemes and Initiatives
7. A new scheme, Prime Minister’s Development Initiative for North East Region (PM-DevINE) has been approved by Cabinet.
- The scheme has been approved for the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26.
- It will have an outlay of Rs. 6,600 crores for this period.
- It is a Central Sector Scheme with 100% central funding.
- It will be implemented by the Ministry of Development of North Eastern Region (DoNER) through North Eastern Council or Central Ministries/ agencies.
- The objectives of PM-DevINE are to:
- Fund infrastructure convergently, in the spirit of PM Gati Shakti
- Support social development projects based on felt needs of the NER
- Enable livelihood activities for youth and women
- Fill the development gaps in various sectors
- PM-DevINE was announced in the Union Budget 2022-23 to address development gaps in the North Eastern Region.
- Justification for the announcement of PM-DevINE:
- The parameters of NE States in respect of Basic Minimum Services (BMS) are well below the national average.
- There are critical development gaps according to the BER District Sustainable Development Goal (SDG) Index 2021-22 prepared by NITI Aayog, UNDP and MDoNER.
8. India finished fifth with one gold, one silver and two bronze medals at ISSF World Championship Shotgun.
- Italy, Great Britain and USA, took the top three spots. China was in fourth place.
- It prevailed over India on the medal tally by winning a silver more. Both India and China had the same medal haul.
- USA won the gold in the Women’s Skeet Team competition on the final day (12 October).
- In the Women’s Skeet Team, the Indian trio of Maheshwari Chauhan, Darshna Rahore and Raiza Dhillon finished at 10th place.
- In Men’s Skeet Team, India’s Gurjoat Khangura, Mairaj Ahmad Khan and Anant Jeet Singh Naruka achieved ninth-place among 22 teams.
- ISSF World Championship Shotgun took place in Osijek, Croatia from 19th September to 12th October 2022.
- ISSF world championship now moves to Cairo, Egypt for the Rifle and Pistol leg.
- International Shooting Sport Federation (ISSF) is headquartered in Munich, Germany. It is governing body of the Olympic shooting events in rifle, pistol and shotgun disciplines.
Topic: National News
9. Union Cabinet approved the Multi-State Cooperative Societies (Amendment) Bill, 2022.
- This bill aims to enhance transparency and accountability in multi-state cooperative societies.
- It will improve governance, reform electoral processes, “improve” the composition of the Board and enable multi-state cooperatives to raise funds.
- The proposed bill has a provision to debar offenders for three years and will also improve the ease of doing business.
- The cooperative ombudsman will be set up to redress members' grievances.
- The Bill also proposes to appoint a Cooperative Information Officer.
- Other Cabinet approvals are as follows:
- Cabinet approves Rs 22,000 crore as one time grant of PSU OMCs for losses in Domestic LPG.
- Cabinet approved the development of a Container Terminal at Tuna-Tekra, Deendayal Port on Build, Operate & Transfer (BOT) basis under Public-Private-Partnership (PPP) mode.
10. Indian Navy conducted Offshore Security Exercise ‘Prasthan’.
- Eastern Naval Command conducted Offshore Security Exercise ‘Prasthan’ in the Offshore Development Area (ODA) off Kakinada.
- The Indian Navy coordinated the exercise.
- All stakeholders in the maritime domain, including oil and gas operators, the State Marine Police, Dept. of Fisheries and the Indian Coast Guard, etc. participated in the exercise.
- The exercise was conducted to validate SOPs, strengthen the command & control organization towards Maritime Security and resolve various contingencies.
- This exercise is conducted every six months.
- The last edition of the Prasthan exercise was conducted on 23 March 2022 in the ODA off Mumbai under the aegis of Western Naval Command.
Topic: Summits/ Conferences/ Meetings
11. Union Sports Minister Anurag Thakur launched “WADA Athlete Biological Passport Symposium-2022” in New Delhi.
- This is the third WADA ABP Symposium, and it is being hosted by India for the first time. It is being organized from 12-14 October.
- It is being organized by National Anti-Doping Agency and the National Dope Testing Laboratory.
- The government has collaborated with the National Forensic Science University and the Food Safety and Standards Authority of India to test the nutrition supplements.
- The first WADA ABP Symposium was held in 2015 in Doha, Qatar.
- Around 200 participants from 56 countries are taking part in this event.
- Representatives and experts from different National Anti-Doping Organizations, and Athlete Passport Management Units (APMUs) are also taking part in this Symposium.
- The main topics of discussion in this symposium will be the recent trends, successes and challenges of ABP, managing confounding factors affecting steroid modules, etc.
(Source: News on AIR)
Topic: Banking System
12. Reserve Bank raised the minimum capital requirement for setting up an asset reconstruction company (ARC).
- For setting up an asset reconstruction company (ARC), Reserve Bank has increased the minimum capital requirement to Rs 300 crore from the existing Rs 100 crore.
- The main aim of this step is to strengthen the securitization sector, which plays a critical role in the management of distressed financial assets.
- The current ARCs have to meet the minimum net owned fund (NOF) requirement till April 2026.
- RBI said that the settlement of dues with the borrower will be done only after the proposal is examined by an Independent Advisory Committee (IAC).
- RBI’s circular said that ARCs will have to constitute an audit committee of the board comprising non-executive directors only.
- The regulatory framework for ARCs has also been amended based on the feedback of stakeholders and the committee’s recommendations.
- An Asset Reconstruction Company is a specialized financial institution that buys NPAs or bad assets from banks and financial institutions.
13. INS Tarkash took part in the 7th edition of the IBSAMAR exercise.
- INS Tarkash reached Port Grequhrea (also known as Port Elizabeth) in South Africa and took part in IBSAMAR.
- IBSAMAR is a joint exercise of India, Brazil, and South African navies. It was conducted from 10-12 October 2022.
- Teg class guided missile frigate, INS Tarkash, a Chetak helicopter and personnel from the Marine Commando Force (MARCOS) represented the Indian side.
- This joint maritime exercise will strengthen maritime security, joint operational training, and interoperability. It will help in resolving common maritime threats.
- Damage control and fire-fighting drills, VBSS/cross-boarding lectures, and interaction among Special Forces were part of the harbour phase of IBSAMAR VII.
- The earlier edition of the IBSAMAR (IBSAMAR VI) was conducted in Simons Town, South Africa, in 2018.
(Source: News on AIR)
Topic: National News
14. Vice President Jagdeep Dhankhar attended the 29th Foundation Day function of NHRC in New Delhi.
- Vice President Jagdeep Dhankhar said that the National Human Rights Commission (NHRC) is playing a key role in spreading awareness and human rights literacy in society.
- He said that the NHRC has maintained its A-status of accreditation with the Global Alliance of National Human Rights Institutions for the last four years.
- NHRC Chairperson Justice Arun Mishra said that the commission has preserved human rights and liberties.
- National Human Rights Commission (NHRC):
- It was established in 1993.
- It was established under the Protection of Human Rights Act (PHRA), 1993.
- It is made up of a chairperson and five members. It also has seven ex-officio members.
- The Chairperson and members of the NHRC are appointed by the President of India.
- Human rights are the rights related to the life, liberty, equality, and dignity of an individual.
- Justice Arun Kumar Mishra is its current chairperson.
15. Services topped the medal tally at the 36 National Games.
- 36th National Games were held in Gujarat from 29 September to 12 October 2022.
- Services topped the medal tally for the second consecutive time. Services was followed by Maharashtra and Haryana.
Read in detail about Winners of 36th National Games.
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Important Days in News :
1. International Day for Disaster Risk Reduction: 13 October
- International Day for Disaster Risk Reduction is celebrated every year on 13 October across the world.
- The day was first established by the United Nations General Assembly in 1989 to promote disaster reduction culture.
- The theme of International Day for Disaster Risk Reduction 2022 is Early Warning, which is Target G of the Sendai Framework.
- Target G of the Sendai Framework is “Substantially increase the availability of and access to multi-hazard early warning systems and disaster risk information and assessments to people by 2030.”
2. World Sight Day: 13 October
- It is observed on the second Thursday of October. This year, it was celebrated on 13 October.
- This year's theme is - “Love your eyes.”
- It is celebrated to raise awareness about the importance of healthy eyesight.
- It was first celebrated on October 8, 1984.