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14 Oct.

2023

Development of the World Bank".


1. 108th meeting of the World
India was represented by Finance
Bank Development Committee
Minister Nirmala Sitharaman. She
held in Morocco
said that India supports the new
vision of the World Bank to make
the world poverty-free and livable.
 Smt Sitharaman said it was
heartening to see progress in the
G-20 countries' shared goal of
making the World Bank better,
bigger and more effective to
address national and global
challenges.
 The Boards of Governors of the
International Monetary Fund (IMF)
 The World Bank and the and the World Bank Group (WBG)
International Monetary Fund (IMF) typically meet once a year in
jointly organized the 108th meeting September/October to discuss the
of the Development Committee in work of their respective
Marrakesh, Morocco from October institutions. Traditionally held in
9-15, 2023. In this, statements were Washington for two consecutive
given by World Bank President Ajay years and in another member state
Banga, IMF Managing Director for the third year.
Kristalina Georgieva and Morocco's  World Bank
Economy and Finance Minister  It was established in 1944 as the
Nadia Fetta Alaoui. International Bank for
 The agenda of this meeting was Reconstruction and Development
"Ending poverty on a habitable (IBRD) along with the IMF. IBRD
planet – Report to the Governors on later became the World Bank. The

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14 Oct.
2023
World Bank Group is a unique 100-point scale. The undernutrition
global partnership of five rate in India was 16.6 percent and
institutions working to create the under-five mortality rate was
sustainable solutions that reduce 3.1 percent, the prevalence of
poverty and build shared anemia among women aged 15 to
prosperity in developing countries. 24 years was 58.1 percent.
 India has the highest child wasting
2. India got 111th position in rate in the world at 18.7 percent,
Global Hunger Index-2023 indicating acute undernutrition.
India's neighboring countries are
Pakistan (102nd), Bangladesh
(81st), Nepal (69th) and Sri Lanka
(60th).
 Global Hunger Index
 First published in 2006 by the US-
based International Food Policy
Research Institute (IFPRI) and
Germany-based Welthungerhilfe, in
2007, Irish NGO Concern Worldwide
also became co-publisher.
 The GHI score is based on a formula
 India ranks 111th out of 125 that combines four indicators,
countries in the Global Hunger including undernutrition, child
Index (GHI) 2023, with its progress stunting, child wasting and child
against hunger almost stalled since mortality. Where 0 is the best score
2015. India was ranked 107th out of (no hunger) and 100 is the worst.
121 countries in the 2022 edition of This places the severity of hunger
the Global Hunger Index (GHI). in India in the "severe" category.
 The Ministry of Women and Child  Key facts
Development (MoWCD) has once  The 2023 GHI score for the world is
again called it a "flawed 18.3, which is considered moderate.
measurement of hunger that does However, this is only one point
not reflect the actual situation in lower than the world's 2015 GHI
India". score of 19.1. Globally, the share of
 India's ranking is based on a Global undernourished people, one of the
Hunger Index score of 28.7 on a indicators used in the index,

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14 Oct.
2023

actually increased from 7.5% in Day for Disaster Risk Reduction


2017 to 9.2% in 2022, reaching about addresses the link between
735 million. disasters and inequality.
 South Asia and Africa south of the  The International Day for Disaster
Sahara are the regions in the world Risk Reduction was established in
with the highest hunger levels, 1989 after the United Nations
each with a GHI score of 27.0, General Assembly called for a day
indicating severe hunger. to promote a global culture of risk-
awareness and disaster reduction.
 At the Third United Nations World
3. International Day for
Conference on Disaster Risk
Disaster Risk Reduction 2023
Reduction in Sendai, Japan in 2015,
observed on 13 October
the international community was
reminded that disasters impact
hardest at the local level. Earlier
the Hyogo Framework (2005-2015)
was in force.

4. The fourth G20 Finance


Ministers and Central Bank
Governors (FMCBGs) meeting was
held in Marrakesh city of Morocco.

 On 13 October, the global


community celebrates the
International Day for Disaster Risk
Reduction, an opportunity to
acknowledge the progress being
made towards reducing disaster
risks and losses in life, livelihoods
and health.
 The theme for the year 2023 is:
 The fourth and final meeting of the
Fighting inequality for a resilient
G20 Finance Ministers and Central
future. This year's International
Bank Governors (FMCBGs) under

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14 Oct.
2023
the Indian Chairmanship was held summit of G20 countries. The
in Marrakesh, Morocco on 12-13 theme of this summit was
October 2023 on the sidelines of the "Vasudhaiva Kutumbakam", which
International Monetary Fund- means "The World is One Family".
World Bank Annual Meeting. Brazil is the upcoming chairperson
 At this meeting, the G20 FMCBGs of G20.
unanimously urged G20 Finance  As an important step towards
Ministers and Central Bank increasing the representation of
Governors to consider three developing countries in this forum,
building blocks – strengthening the G20 countries decided to admit
their financial capacity, including the African Union as a permanent
private capital mobilization, member.
implementation of capital  Global Biofuels Alliance is an India-
adequacy framework led initiative that aims to create a
recommendations and capital coalition of governments,
enhancement and urge MDBs to international organizations and
work together as a system. Going industries to promote biofuels
forward, It called for continued adoption. Nine initial member
work on the report's countries – India, USA, Brazil,
recommendations to build better, Argentina, Bangladesh, Italy,
larger and more effective MDBs. Mauritius, South Africa and UAE.
 FMCBG also adopted the G20  An MoU was signed between the
Roadmap on Crypto Assets. This governments of India, the US, Saudi
roadmap will help coordinate Arabia, the European Union, the
global policy as well as develop United Arab Emirates, France,
strategies and regulations that Germany and Italy for the
mitigate the impacts of crypto establishment of the India-Middle
assets on emerging markets and East-Europe Economic Corridor
developing economies (EMDEs). (IMEC).
 G20
 The G20 was founded in 1999 in
response to several world economic
crises. The 18th G20 Summit was
held on September 9 and 10, 2023 in
New Delhi, India. This was the first
summit that India hosted the

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14 Oct.
2023

5. According to the Ministry of Statistics


 This increase reflects a positive
and Program Implementation, the female change in the country's labor force
labor force participation rate in India has dynamics, with more women
increased to 37 percent.
actively participating in the
workforce. This success covers
various stages of women's lives,
including girls' education, skill
development, entrepreneurship
facilitation and safety in the
workplace etc.
 Key facts
 Labor Force Participation Rate
(FLFPR)
 In rural areas, the labor force
 According to the Periodic Labor participation rate increased from
Force Survey Report 2022-23 50.7% in 2017-18 to 60.8% in 2022-23,
released by the Ministry of while for urban areas it increased
Statistics and Program from 47.6% to 50.4%.
Implementation on October 9, 2023,  The LFPR for men in India increased
the Female Labor Force from 75.8% in 2017-18 to 78.5% in
Participation Rate (FLFPR) in India 2022-23 and the increase in LFPR for
has reached 37.0 percent with a women from 23.3% to 37.0%.
significant increase of 4.2  Worker Population Ratio (WPR)
percentage points. It has been  In rural areas, the WPR increased
recorded at 25.4% in urban areas from 48.1% in 2017-18 to 59.4% in
and 41.5% in rural areas. 2022-23, while in urban areas it
 According to data shared by the increased from 43.9% to 47.7%.
Ministry of Women and Child  The WPR for men in India increased
Development, the female labor from 71.2% in 2017-18 to 76.0% in
force participation rate is 23.3 2022-23 and the WPR for women
percent in 2017-18, 24.5 percent in increased from 22.0% to 35.9%.
2018-19, 30 percent in 2019-20, 32.5  Unemployment Rate (UR)
percent in 2020-21 and 20.5 percent  In rural areas, the UR declined
in 2021-22. Was 32.8 percent. from 5.3% in 2017-18 to 2.4% in

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14 Oct.
2023
2022-23, while in urban areas it and is the only Indian PSU to
declined from 7.7% to 5.4%. feature in the list. This is proof that
 The UR for men in India is projected the practice of people in NTPC is at
to decline from 6.1% in 2017-18 to par with the top companies in the
3.3% in 2022-23 and the UR for world.
women is projected to decline from  Forbes partnered with market
5.6% to 2.9%. research firm Statista to create its
seventh annual list of the World's
Best Employers this year.
6. NTPC becomes the only Indian
 Each year Forbes publishes the
PSU included in Forbes' "World's
World's Best Employers list through
Best Employers 2023" list.
independent market research to
identify the top 700 companies that
provide exciting and positive
working environments, training
and career advancement
opportunities, employee benefits,
employee centricity and workplace
diversity.
 This reflects NTPC's progressive
and “people before PLF” approach,
excellence in developing and
managing its human resources
through continuous process
improvement, creating a caring,
learning and engaging workplace,
employee welfare and care and a
 NTPC Limited, India's largest meaningful, collaborative
integrated energy conglomerate, employee experience.
has been recognized as one of the  NTPC is India's largest integrated
"World's Best Employers 2023" in power utility, with a portfolio
the Forbes World's Best Employers spanning thermal, renewable,
list 2023 released on 10 October hydro, nuclear and coal mining. Its
2023. total installed capacity is 72 GW.
 It is ranked 261st among the top Shri Gurdeep Singh is the Chairman
700 companies in the world ranking and Managing Director of NTPC.

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14 Oct.
2023

The company was established on  RITES extends to more than 55


November 7, 1975 and is countries in Asia, Africa, Latin
headquartered in New Delhi. America, South America and the
Middle East regions. RITES became
a listed company in July 2018, and
7. RITES Limited and IRCON,
has made it into the top-500 listed
PSUs of Indian Railways, got
Indian companies based on its
Navratna status
market capitalisation.
 IRCON
 It was established on 28 April 1976.
Its headquarters is in New Delhi.
IRCON's core competency is in
railway, highway and extra high
tension substation engineering and
 IRCON International Limited construction. The company's
(IRCON) and RITES Limited (RITES), activities include ballast-free track,
both Central Public Sector electrification, tunneling, signals
Enterprises (CPSEs) under the and telecommunications as well as
Ministry of Railways, have been locomotive leasing, construction of
declared as the 15th and 16th roads, highways, commercial,
Navratna respectively among the industrial and residential buildings
CPSEs by the Finance Ministry on 12 and complexes, airport runways
October 2023. and hangars.
 RITES LTD  Navratna CPSE
 It is a Schedule 'A' Central Public 1. Bharat Electronics Limited
Sector Enterprise under the 2. Container Corporation of India
Ministry of Railways, incorporated Limited
on 26 April, 1974. Its headquarters 3. Engineers India Limited
is in Gurugram, Haryana. It 4. Hindustan Aeronautics Limited
provides services in various sectors 5. Mahanagar Telephone Nigam
of transportation, railways, export Limited
of rolling stock, highways, airports, 6. National Aluminum Company
metros, urban engineering and Limited
sustainability, ports and waterways 7. National Building Construction
and energy management. Corporation Limited

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14 Oct.
2023
8. Neyveli Lignite Corporation Limited Olympic and World Championship
9. NMDC Limited gold medalist.
10. Rashtriya Ispat Nigam Limited  This global foundation supports
11. Shipping Corporation of India more than 300 programs that use
Limited sports to eliminate inequality and
12. Rail Vikas Nigam Limited discrimination for youth around
13. ONGC Videsh Limited the world.
14. Rashtriya Chemicals and Fertilizers  Neeraj Chopra's association with
Limited Laureus dates back to 2022 when
he was recognized as a finalist for
8. Neeraj Chopra becomes brand the Breakthrough of the Year
ambassador of Laureus Sports award at the prestigious Laureus
World Sports Awards. This honor
was for his remarkable
achievement in the Tokyo
Olympics.
 Neeraj Chopra's appointment as
Laureus Ambassador puts him in
the company of elite athletes
across generations. Which includes
respected personalities like Kapil
Dev, Rahul Dravid, Sachin
Tendulkar and Yuvraj Singh.
 Asian Games gold medalist and  His victory in Tokyo on August 7 is
reigning Olympic and World now celebrated as National Javelin
Champion in men's javelin throw, Throw Day in India, underscoring
Neeraj Chopra has been honored his deep impact on the country's
by Laureus Sports as the brand sporting landscape.
ambassador, pledging his support
to the Laureus Sport for Good
initiative.
 World Athletics has nominated
Neeraj Chopra for the Male Athlete
of the Year award for the year 2023.
Javelin thrower, Neeraj is an

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14 Oct.
2023

9. Tamil writer Sivashankari Constitution. So far 32 awards have


received 'Saraswati Samman 2022' been given.
 Surya Vamsam
 Its provides an insightful glimpse
into the life of an innocent child
who grew into an acclaimed writer.
Additionally, the book beautifully
reflects the social changes that
have taken place over the last
seven decades.
 Born in 1942, Ms. Shivshankari has
had an illustrious literary career
spanning more than five decades.
Her vast repertoire includes 36
 Tamil writer Smt. Sivashankari was
novellas, 48 novellas, 150 short
honored with the important
stories, five travelogues, seven
'Saraswati Samman' for her
collections of essays and three
autobiography “Surya Vamsam” in
autobiographies. She has also
2022. This award was given by K.K.
prepared two collections of Tamil
Birla Foundation, and was
short stories.
presented to her by former Union
 Ms. Sivashankari has been
Minister M. Veerappa Moyli, along
translated into Indian languages as
with a citation, plaque, and an
well as English, Japanese and
award of Rs 15 lakh.
Ukrainian. Her ability to connect
 The book was selected by a
with a global audience underlines
selection committee, in which
his literary versatility.
former Supreme Court judge Arjun
 One of Ms. Shivshankari's most
Kumar Sikri played a key role.
important contributions to Indian
 Saraswati Samman is one of the
literature is her four-volume work,
most prestigious awards given
Knit India Through Literature. This
annually for an outstanding
collection serves as a
literary work by an Indian citizen
comprehensive compilation of
published during the last 10 years
Indian literature, enriching the
in any language included in
literary landscape of the country.
Schedule VIII of the Indian

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2023

10. IOC will include cricket in the 141st IOC session on 15 October
2028 Los Angeles Olympic Games 2023.
 The IOC also decided to suspend
the Russian Olympic Committee
and confirmed the athletes'
participation in the Olympic
qualifier series for Paris 2024.
 "The Los Angeles Committee has
proposed five sports that could be
part of the Los Angeles Olympics,"
International Olympic Committee
sports director Kit McConnell said
in a press conference.
 Cricket made its Olympic debut at
the 1900 Paris Games. Only two
teams—hosts France and Great
Britain—signed up for the event,
 The International Olympic with Britain emerging victorious.
Committee (IOC) has approved ICC and LA28 have been trying for
cricket's inclusion in the 2028 Los two years to include cricket in the
Angeles Olympics, marking its list of Olympic sports.
return after 128 years. IOC  Prime Minister Narendra Modi has
President Thomas Bach described inaugurated the 141st
cricket as a game with immense International Olympic Committee
potential and said that there was (IOC) session in Mumbai on 13
no need to think much about October 2023. Important decisions
including it in the sports regarding the future of the Olympic
programme. Games are taken at the IOC
 The Executive Board of the session.
International Olympic Committee  India is hosting the IOC session for
(IOC) has accepted the proposal to the second time and after a gap of
include T20I cricket along with almost 40 years. The 86th session of
squash, lacrosse, flag football and the IOC was held in New Delhi in
baseball/softball in the 2028 Los 1983.
Angeles Olympic Games. Now the
final vote on this will be held in the

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2023

[1] Where was the 108th meeting of (c) 36%


the World Bank Development (d) 37%
Committee held recently? [6] Which is the only Indian PSU
(a) Libya included in Forbes' "World's Best
(b) Morocco Employers 2023" list?
(c) Oman (a) NTPC
(d) Qatar (b) ONGC
[2] What position has India got in the (c) HPCL
Global Hunger Index-2023? (d) BHEL
(a) 108th [7] Who has recently got the status of
(b) 109th Navratna company?
(c) 110th (a) IRCON
(d) 111th (b) RITES
[3] When is International Day for (c) Oil India Ltd
Disaster Risk Reduction observed (d) Both a and b
in 2023? [8] Who has recently been made the
(a) 11 October brand ambassador of Laureus
(b) 12 October Sports?
(c) 13 October (a) Harmanpreet Kaur
(d) 14 October (b) Rohit Sharma
[4] Where was the fourth G20 Finance (c) Aditi Ashok
Ministers and Central Bank (d) Neeraj Chopra
Governors (FMCBGs) meeting held [9] Who has recently received
recently? Saraswati Samman 2022?
(a) Geneva (a) Shivshankari
(b) Gandhinagar (b) Dr. Gyan Chaturvedi
(c) Marrakesh (c) Dr. Madhav Hada
(d) Bengaluru (d) Arundhati Roy
[5] According to the Periodic Labor [10] Which game will the IOC include in
Force Survey Report 2022-23, what the 2028 Los Angeles Olympic
is the Female Labor Force Games?
Participation Rate (FLFPR) in (a) Kabaddi
India? (b) Cricket
(a) 34% (c) Football
(b) 35% (d) Swimming

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