03 November,2022

1) The Export-Import Bank of India (India Exim Bank), also known as EXIM Bank, released a
research report titled “Reinvigorating India’s Economic Engagements with Southern Africa”
during the commencement of the CII-Exim Bank Regional Conclave on India-Southern Africa
Growth Partnership in Johannesburg, South Africa.
• According to the report, India has emerged as a leading defence exporter in recent years
and could be able to fulfil Africa’s maritime, aerospace, and defence needs, with
Mauritius, Mozambique, and the Seychelles becoming major buyers of Indian
armaments during 2017 – 2021.
• Indian Exim Bank Inks Pact with Southern Africa’s FirstRand Bank to Boost India-Africa
Trade.
2) the Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H) under the
Ministry of AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy) in
collaboration with the World Health Organization South East Asia Region (WHO-SEARO)
organized a 3-days training program in New Delhi (Delhi) which was inaugurated by Pramod
Kumar Pathak, Special Secretary, Ministry of Ayush.
• It focuses on to upgrade the laboratory capacity for quality control of Tradition/Herbal
products in South East Asia region.
3) Justice Chandrachud, Executive Chairman of the National Legal Services Authority (NALSA),
has launched two campaigns.
• “Empowerment of Citizens through Legal Awareness and Outreach”
• “Haq hamara bhi hai@75,” a special campaign for legal aid in prisons and childcare
institutions These two-week pan-Indian campaigns, which is taking place from October
31 to November 13, 2022, are intended to work at the grassroots and build capacity for
the incapacitated
4) Garuda Aerospace Private Limited, Drone as a Service(DaaS) company, has signed a
Memorandum of Understanding(MoU) with the Indian Institute of Science (IISc) Bengaluru,
Karnataka for collaborative research projects for a Period of two years.
• These projects will use drones and Unmanned Aerial Vehicles (UAV) for applications for
geographical surveys for governments and society.
• The operations and research projects will be taken up by Garuda Aerospace and the
Department of Aerospace Engineering of IISc.
5) the Bank of India (BoI) launched a special fixed deposit (FD) scheme namely ‘Star Super Triple
Seven Fixed Deposit’ which will offer 7.25% rate of interest on a deposit for 777 days. The
interest rate for senior citizens on this scheme is 7.75% for 777 days.
6) A Corporate Agency partnership has been inked between the Niva Bupa Health Insurance
Company Limited (NBHIC), and IDFC FIRST Bank to provide health insurance solutions to the
bank’s customers.
7) Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited and an
investment manager to Aditya Birla Sun Life Mutual Fund, has launched Sahyog, an initiative
for empowering support staff and their families.
• Aditya Birla Sun Life Partners with Karza to Offer Insurance on WhatsApp.
8) the Securities and Exchange Board of India (SEBI) issued norms regarding the standardization
of rating scales used by Credit Rating Agencies (CRAs) which will be applicable from January 1,
2023.
• The notification for the same is issued by SEBI in exercise of the powers conferred by
Section 11 (1) of SEBI Act, 1992 read with the provisions of Regulation 20 of SEBI (Credit
Rating Agencies-CRA) Regulations, 1999, to protect the interest of investors in securities
and to promote the development of the securities market.
9) Bank of Baroda (BoB) launched the limited-time fixed deposit (FD) scheme, Baroda Tiranga
Plus Deposit Scheme, offering higher interest rates up to 7.50% per annum (p.a.) for 399 days
with effect from 1st November 2022, which includes 0.50% p.a. for senior citizens and 0.25%
for non-callable deposits.
10) Aegon Life Insurance Company launched the iGuarantee Max Savings Plan, that offers dual
benefit of high returns and life cover for the policyholders to meet their medium-to-long-term
savings goals affordably while protecting them against financial shocks.
11) Bayer, Rabo Partnerships, and Mastercard have joined forces to establish a scalable
programme to enhance the digitization of India’s agricultural finance (Agri-Finance) sector.
• The aim of this partnership is to increase access to agronomic knowledge, products,
services, and partnerships.
12) US-based private equity, Bain Capital(BC) Sold 0.54 percent stake in Axis Bank for Rs. 1,497
crore.
• The private equity firm sold 0.54 percent, shares of 1,66,80,000 stake in the company.
13) GAIL (India) Limited (formerly known as Gas Authority of India Limited) and Abu Dhabi National
Oil Company (ADNOC) have signed a Memorandum of Understanding(MoU) to explore
Liquefied Natural Gas (LNG) Supply and Decarbonization Opportunities including short and long
term LNG sales agreements.
• The MoU was exchanged between Sandeep Kumar Gupta, Chairman and Managing
Director, GAIL and Fatema Al Nuaimi, CEO ADNOC LNG at the Abu Dhabi International
Petroleum Exhibition and Conference (ADIPEC).
14) the Karnataka government posthumously conferred ‘Karnataka Ratna’ award for the late actor
Puneeth Rajkumar, it's the state’s highest civilian award, given on the occasion of the 67th
Kannada Rajyotsava(State Formation Day) at an event held at the grand steps of Vidhana
Soudha in Bengaluru, Karnataka.
15) Collins Dictionary has announced “Permacrisis”, a noun which describes an extended period of
instability and insecurity, as the Collins Word of the Year 2022.
• Collins Dictionary is published by HarperCollins in Glasgow, Scotland.
16) Vetsa Ramakrishna Gupta(51 years old) assumed additional charge as Chairman and Managing
Director (CMD) of Bharat Petroleum Corporation Limited (BPCL), after the superannuation of
Arun Kumar Singh, Chairman-cum-Managing Director (CMD) of BPCL, on 31st October 2022

17) The Government of India(GoI) has appointed Mata Amritanandamayi Devi (Amma) as the Chair
of the country’s Civil 20 (C20), an official engagement group of the Group of 20 (G20).
• The C20 is G20s platform for civil-society organisations (CSOs) to bring forth non-
government and nonbusiness voices to the G20.
18) after a three-year break, SpaceX’s Falcon Heavy, the world’s most powerful active rocket was
launched into space from NASA’s Kennedy Space Center in Florida’s Cape Canaveral, United
States (US) for the first time since 2019.
• The mission was carried out by SpaceX, which is owned by billionaire Elon Musk, with
the assistance of the US Space Force.