Beepedia Monthly Current Affairs October 2022

Monthly BeePedia
October 2022
INDEX
RBI, Banking and Economy ___________________________________________ 2
SEBI and Financial Awareness _________________________________________64
NABARD and Agriculture ___________________________________________ 74
National __________________________________________________________ 78
International _____________________________________________________ 84
States____________________________________________________________ 88
Reports and Indexes _______________________________________________ 95
Science and Technology ___________________________________________ 103
Defence __________________________________________________________ 108
Events ___________________________________________________________ 112
Awards & Rewards ___________________________________________________116
Appointments _____________________________________________________ 123
Important Days ___________________________________________________ 118
Obituaries_________________________________________________________ 125
Books ___________________________________________________________ 126
Sports ___________________________________________________________ 128
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Monthly BeePedia
October 2022
RBI, Banking and Economy

RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%
 The RBI Monetary Policy Committee (MPC) decided to hike the repo rate by 50 basis points. In the
current financial year, the RBI has raised the repo rate by 190 bps. RBI will remain focused on
withdrawal of accommodation after this revision too.The rates after revision are as follows-
Categories Current Rates

Repo Rate 5.9 %
Standing Deposit Facility (SDF) 5.65%
Marginal Standing Facility Rate 6.15%
Bank Rate 6.15%
Fixed Reverse Repo Rate 3.35%
CRR 4.50%
SLR 18.00%
 The MPC panel also cut its gross domestic product (GDP) growth forecast for FY23 to 7% from 7.2%,
with Q2 at 6.3%, Q3 at 4.6% and Q4 at 4.6%.The Reserve Bank retained its inflation projection for current
fiscal year at 6.7 per cent amid global geopolitical developments triggered by the Russia-Ukraine war.For
the September quarter of 2022-23, RBI projected retail inflation at 7.1 per cent. For third quarter,
inflation is estimated at 6.5 percent and further down to 5.8 per cent in March quarter. For first
quarter of next fiscal year, retail inflation is projected at 5 percent.
Learn Along:
RBI Headquarters: Mumbai Governor: Shaktikanta Das
Deputy Governors: MK Jain, MD Patra, M
Rajeshwar Rao and T. Rabi Sankar
The MPC is a statutory committee that fixes the key policy interest rates and monetary policy stance of the country
as well as the inflation target. The MPC comprises three external members and three members from the RBI. The
RBI Governor heads the MPC.
Repo Rate & Reverse Repo Rate-The interest rate that the RBI charges when commercial banks borrow money
from it is called the repo rate. The interest rate that the RBI pays commercial banks when they park their excess
cash with the central bank is called the reverse repo rate.
Marginal standing facility (MSF) is a window for banks to borrow from the Reserve Bank of India in an emergency
situation when inter-bank liquidity dries up completely. Under MSF, banks can borrow funds from the RBI by pledging
government securities. RBI charges higher interest rate over and above the repo rate.
The Standing Deposit Facility allows the RBI to absorb excess cash from the economy by sucking liquidity from
commercial banks without giving government securities in return to the lenders. Under the SDF, the banks can place

Monthly BeePedia
October 2022
deposits with the RBI on an overnight basis. The RBI, however, retains the flexibility to absorb liquidity for longer
tenors under the SDF with appropriate pricing, as and when the need arises. All liquidity adjustment facility (LAF)
participants will be eligible to participate in the SDF scheme.
Gross domestic product or GDP is a monetary measure of the market value of all the final goods and services
produced in a specific time period.
Retail Inflation-The CPI monitors retail prices at a certain level for a particular commodity; price movement of goods
and services at rural, urban and all-India levels. The change in the price index over a period of time is referred to as
CPI-based inflation, or retail inflation
List of non-banking finance companies (NBFCs) released by RBI; 16 included in the upper layer
 The Reserve Bank of India (RBI) released a list of large non-banking finance companies (NBFCs)
who have been put in the “upper layer” under the scale-based regulatory framework. It includes Tata
Sons, the holding company of the Tata Group alongwith almost all large NBFCs, including Bajaj
Finance, LIC Housing Finance, Shriram Transport Finance, L&T Finance, Piramal Capital &
Housing Finance, PNB Housing Finance, Tata Capital, Aditya Birla Finance, HDB Financial
Services and Mahindra and Mahindra Financial Services.
 Further Indiabulls Housing Finance, Bajaj Housing Finance, Muthoot Finance, Sanghvi Finance,
Cholamandalam Investment & Finance have made it to the upper layer. Interestingly Tata Sons
Private, a core investment.company, has also been put in the upper layer thus will have to follow
increased regulatory norms on investment and raising funds.
 HDFC Ltd although qualified to be in the upper layer has been kept out of it deliberately given it is
merging with HDFC Bank.The NBFCs mentioned by the RBI have to put in place a board approved policy
for adoption of the enhanced regulatory framework applicable to NBFC-upper layer and chart out an
implementation plan for adhering to the new set of regulations within three months.
Learn Along:
Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged
in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by
Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business.
The upper layer comprises those NBFCs which are specifically identified by RBI as warranting enhanced regulatory
requirement based on a set of parameters and scoring methodology.
RBI launches advanced supervisory monitoring system DAKSH
 The Reserve Bank of India has launched a new 'SupTech' initiative DAKSH - the bank's Advanced
Supervisory Monitoring System, which is expected to make the supervisory processes more
robust.DAKSH is a web-based end-to-end workflow application through which RBI shall monitor
compliance requirements in a more focused manner with the objective of further improving the
compliance culture in Supervised Entities (SEs) like Banks, NBFCs, etc
 The application will also enable seamless communication, inspection planning and execution, cyber
incident reporting and analysis, and provision of various MIS reports, among others, through a
platform that enables anytime-anywhere secure access.
Bank credit to micro, small enterprises up 19% YoY in August: RBI data

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October 2022
 Data from the Reserve Bank of India (RBI) on sectoral deployment of bank credit in August 2022
showed a 19.6 percent credit growth in the micro and small enterprise (MSE) sector from 1.2 percent in
August 2021. Credit deployed during August 2022 stood at Rs 14.49 lakh crore, up from Rs 12.12 lakh
crore in August 2021 and Rs 11.98 lakh crore in August 2020.On an aggregate level, the bank credit
deployed to the MSME sector, combining credit to MSEs and medium enterprises, in August was Rs
18.15 lakh crore, up 24 percent from Rs 14.64 lakh crore in August 2021.
Learn Along:
Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and
processing of goods and commodities. The concept of MSME was first introduced by the government of India
through the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006.
Micro Investment less than Rs. 1 crore or Turnover less than Rs. 5 crore
Small Investment less than Rs. 10 crore or Turnover up to Rs. 50 crore
Medium Investment less than Rs. 20 crore or Turnover up to Rs. 100 crore
Start-up LeverageEdu gets RBI approval for financial services unit
 LeverageEdu, the study abroad platform, has got the Reserve Bank of India’s licence for its financial
services vertical for student remittances and education loans.The company has recorded
transactions processed value of Rs 135 crore on foreign exchange, facilitating education loans worth
more than Rs 280 crore and it aims to close FY 2023 at $150 million annualised TPV (Total Payment
Volume).
Learn Along:
Total Payment Volume means the total dollar (or other currency) amount of the transactions from, to or through any
service, offering, system or platform of Provider during any applicable period, expressed in the currency of the
transaction.
RBI introduces Internal Ombudsman mechanism for Credit Information Companies
 To enhance the effectiveness of its grievance redressal systems, the Reserve Bank of India (RBI) has
urged Credit Information Companies to designate an internal ombudsman (IO) by April 1, 2023.
 The Central Bank made the decision in August to include CICs in the scope of the RBI-Integrated
Ombudsman Scheme 2021 in order to broaden its appeal. Only complaints that the CIC has already
reviewed but rejected in whole or in part will be handled by the IO. Direct complaints from
complainants or members of the public won't be handled by it.
Learn Along:
A Credit Information Company (CIC) is an organization which collects and analyses credit and loan related data
about individuals and companies and generates its products and services on the basis of this data. This data is provided
to CICs by their member banks and other financial institutions.
Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) A Scheme for resolving customer grievances in relation
to services provided by entities regulated by Reserve Bank of India in an expeditious and cost-effective manner under
Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act, 1934 (2
of 1934) and Section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007).
RBI cancels the licence of Pune-based Seva Vikas Co-operative Bank;cancels registration
certificates of 8 NBFCs

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October 2022
 Reserve Bank of India (RBI) has cancelled the license of Pune based Seva Vikas Co-operative Bank
as the urban cooperative bank lacked adequate capital and earning prospects.About 99 per cent of the
depositors are entitled to receive the full amount of their deposits from Deposit Insurance and Credit
Guarantee Corporation (DICGC).
 The Reserve Bank of India (RBI) cancelled certificates of registration of eight non-banking finance
companies (NBFC).Four NBFCs surrendered their certificates of registration to the RBI.The four NBFCs
are — Ashwini Investment Private Ltd, RM Securities Pvt Ltd, Amity Finance Private Ltd and Matrix
Merchandise Ltd. Separately, the RBI suo-moto cancelled certificates of another four NBFCs — SRM
Properties and Finance Company Pvt Ltd, North East Region Finservices Ltd, Sowjenvee Finance
Ltd and Opel Finance Ltd.
Learn Along:
Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of Reserve Bank of
India. It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961
for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank
deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each deposit in a bank.
DICGC Headquarters: Mumbai Chairperson : M.D. Patra
After RBI’s anouncement, FIDC asks NBFCs to revise codes of conduct
 The Finance Industry Development Council (FIDC) has asked its members to revise their codes of
conduct and insert graded penalty clauses for repeated breaches, especially those relating to
recoveries, by outsourcing agencies.
 The move comes after RBI red-flagged increasing complaints about alleged high-handed practices by
outsourcing agencies in recovering dues.The members should introduce exhaustive dos and don’ts
for the agencies and the agents (and get them) to adopt principles of fair means of treating customers.
The code of conduct and “dos and don’ts” be made part of the standard agency agreement.
Learn Along:
FIDC Headquarters: Mumbai Director General: Mahesh Thakkar
Ratings devoid of lenders detail should be treated as unrated exposure: RBI
 In a move to put pressure on the capital adequacy of banks, the Reserve Bank of India (RBI) decided
that loan ratings without information about lenders’ details should be treated as unrated exposure.
 Capital should be set aside using risk weightings applicable for unrated exposure to companies and non-
banking finance companies.These instructions would be effective on March 31, 2023. Thus, any burden
on account of higher capital charges will be in the current financial year (FY23).
RBI tightens disclosure norms on divergence in NPAs, provisions
 The Reserve Bank of India (RBI) has decided to apply norms that applied to commercial banks on
disclosing divergence in asset classification and provisioning on urban cooperative banks (UCBs)
as well.

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October 2022
 The regulator also revised specified thresholds for commercial banks to disclose divergence from this
financial year (FY23).
 Banks will make disclosures if they satisfy either of the two conditions: First, when additional provisioning
for non-performing assets (NPAs) assessed by the RBI exceeds 10 percent of the reported profit
before provisions and contingencies; second, when additional gross NPAs identified by the regulator
exceed 10 per cent of the reported incremental gross NPAs.
 It gives a freedom to UCBs, for which the threshold for reported incremental gross NPAs will be 15 per
cent. This threshold will be reduced progressively for UCBs in a phased manner after review.
Learn Along:
Cooperative Banks, which are distinct from commercial banks, were born out of the concept of co-operative credit
societies where members from a community group together to extend loans to each other, at favorable terms.
Co-operative Banks are broadly classified into Urban and Rural co-operative banks based on their region of operation.
A non-performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue
for a period of 90 days. Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets.
MDs, and CEOs of ARCs can't have more than 3 terms in office without a cool-off – RBI
 The Reserve Bank of India (RBI) announced that managing directors (MDs) and chief executive
officers (CEOs) of asset reconstruction companies (ARCs) cannot have more than three terms in
office, with each term not exceeding five years.
 In addition, the retirement age of CEOs has been brought on a level pegging with CEOs of private banks,
which is 70 years.
 Apart from enhancing governance norms, ARCs have been allowed to become resolution applicants
(RSa) in bankruptcy proceedings — they can bid for assets in Insolvency and Bankruptcy Code (IBC)
cases.
Learn Along:
An asset reconstruction company (ARC) is a special type of financial institution that buys the debtors of the bank
at a mutually agreed value and attempts to recover the debts or associated securities by itself.
The asset reconstruction companies or ARCs are registered under the RBI and regulated under the Securitisation
and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act, 2002).
Resolution Applicant- The parties who participate in the corporate rescue of a company by submitting a resolution
plan which promises the best possible return for creditors.
The Insolvency and Bankruptcy Code, 2016 (IBC) enacted on May 28, 2016, against the backdrop of mounting
non-performing loans, with a view to establishing a consolidated framework for insolvency resolution of corporations,
partnership firms and individuals in a time-bound manner, seeks to tackle the non-performing asset (NPA) problem in
two ways. Firstly, behavioural change on part of the debtors to ensure sound business decision-making and prevent
business failures is encouraged. Secondly, it envisages a process through which financially ailing corporate entities
are put through a rehabilitation process and brought back up on their feet.
RBI issues consolidated guidelines on unhedged foreign currency exposure
 The Reserve Bank modified and consolidated guidelines for banks on unhedged foreign currency
exposures of any entity to prevent losses due to heightened volatility in the forex market. The RBI has,

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October 2022
from time to time, issued several guidelines, instructions and directives to the banks on Unhedged
Foreign Currency Exposure (UFCE) of the entities, which have borrowed from banks.
 In the wake of a bank seeking clarification on various aspects related to UFCE, the RBI announced that
a comprehensive review of the extant guidelines has been undertaken and all the existing
instructions on the subject have been consolidated.These instructions shall come into force from
January 1, 2023.In an explanatory note, the RBI explained unhedged foreign currency exposure of any
entity is an area of concern not only for the individual entity but also for the entire financial system.
Learn Along:
Unhedged Foreign Currency Exposure (UFCE) shall mean Foreign Currency Exposure (FCE) excluding items which
are effective hedge of each other. While estimating UFCE of an entity, banks shall consider only two types of hedges –
financial hedge and natural hedge.
Hedging is a financial strategy that should be understood and used by investors because of the advantages it offers.
As an investment, it protects an individual’s finances from being exposed to a risky situation that may lead to loss of
value. However, hedging doesn’t necessarily mean that the investments won’t lose value at all. Rather, in the event that
happens, the losses will be mitigated by gains in another investment.
Indians remitted $2.67 billion in August under LRS scheme- RBI Data
 Outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme
(LRS) jumped 34.57 per cent month-on-month (MoM) in August to $2.67 billion. On a year-on-year (YoY)
basis, it was up almost 36 per cent, as Indians increased spending on international travel, among other
things.
 International travel contributed $1.5 billion of the $2.67 billion remitted by Indians in August. Spends
on international travel were almost 2.5 times of what they were in the same period last year.According
to the RBI data, in August, Indians remitted $467.52 million for overseas education, $330.7 million
for the maintenance of close relatives, and $221.31 million in gifts.
Learn Along:
The Liberalised Remittance Scheme (LRS scheme) of the RBI was introduced in 2004, under which, all resident
individuals, including minors, are allowed to freely remit up to $250,000 per financial year for any permissible current
or capital account transaction or a combination of both. The scheme was introduced on February 4, 2004, with a limit
of $25,000.
RBI gives approval to Cygnet to operate as NBFC account aggregator
 Fintech firm Cygnet has received in-principle approval from the Reserve Bank of India (RBI) to operate
as a non-banking financial company (NBFC) account aggregator.The account aggregator license will
allow them to participate in the transformational changes that are taking place in the financial sector.
Small and medium-sized businesses will get better credit facilities whilst banks and other financial
institutions will get an opportunity to widen their lending portfolio.
Learn Along:
Account Aggregator Framework: It is a framework for data sharing between financial institutions like banks, pension
funds, insurance companies and assets management companies. Under this, account aggregators (AAs) use

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October 2022
technology for simple and secure exchange of the data between the institutions. With AAs, financial data can be used
to access a vast array of financial services for your personal or business needs.
RBI lifts ban on new branches by Tamilnad Mercantile Bank
 Reserve Bank of India (RBI) has lifted its three-year ban from Tamilnad Mercantile Bank (TMB) on
opening new branches by the Thoothukudi-based bank with effect from October 21. At present, it has
509 branches -- 106 rural, 247 semi-urban, 80 urban and 76 in metropolitan.
Learn Along:
Tamilnad Mercantile Bank Limited Headquarters: Thoothukudi CEO: K V Rama Moorthy
Bank credit growth rises to 17.94% YoY in October 2022 –RBI Data
 According to data from the Reserve Bank of India (RBI),bank credit rose by 17.94 percent year-on-
year (YoY) to Rs 128.6 trillion.Deposits at banks increased 9.62 percent YoY to Rs 172.72 trillion in
October. Sequentially, commercial banks raised Rs 2.41 trillion in deposits during the beginning of
October.
RBI's liquidity infusion largest since April 2019 as surplus cash dries up
 The Reserve Bank of India (RBI) in October injected the largest amount of funds into the banking system
in three and a half years, indicating that surplus cash with banks is drying up at an accelerated pace.The
RBI recently injected liquidity worth Rs 72,860.70 crore — the highest since April 30, 2019. Then the
central bank injected Rs 62,835.70 crore,according to the RBI data. An injection of funds implies tight
liquidity in the banking system, whereas if the RBI absorbs money, it implies surplus cash with banks.
 The abrupt tightening of liquidity conditions is attributable to outflows on account of goods and
services tax (GST) payments and higher currency in circulation during the festival season. From an
average liquidity absorption of about Rs 7 trillion in April, the RBI’s absorption has fallen to well
below Rs 1 trillion in October.
Learn Along:
RBI Headquarters: Mumbai Governor: Shaktikanta Das
4 Deputy Governors: T. Rabi Sankar,
MK Jain, MD Patra, M Rajeshwar Rao
GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage,
destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT, excise
duty, service taxes, etc.
Infibeam Avenues gets RBI in-principle nod for payment aggregator licence
 Infibeam Avenues, which operates CCAvenue, has received an in-principle approval from the
Reserve Bank of India (RBI) to operate as a payment aggregator (PA). It joins a list of entities who
have received the in-principle approval from RBI for a PA licence.This will enable them to further expand
their reach in multiple business segments for both online and offline digital transactions.
Learn Along:
Infibeam Headquarters: Ahmedabad CEO: Vishal Mehta

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October 2022
A payment aggregator acts as a third party responsible for managing and processing merchants' online transactions.
A payment aggregator facilitates payments from consumers to merchants, be it by credit card, debit card, bank transfer,
e-wallet, or stored value account, without requiring merchants to go to a bank.
Foreign exchange reserves fall to $525 billion, lowest since July 2020
 The Reserve Bank of India’s (RBI’s) foreign exchange reserves declined $3.8 billion to $524.52
billion. The decline in reserves is largely on account of a drop in the RBI’s foreign currency assets,
which fell $3.6 billion to $465.08 billion.
Learn Along:
Foreign Currency Assets (FCA) are the most important component of the RBI’s foreign exchange reserve and
include assets like US Treasury Bills bought by the RBI using foreign currencies
Forex reserves are foreign currency assets held by the central banks of countries.
These assets include foreign marketable securities, monetary gold, special drawing rights (SDRs) and reserve
position in the IMF. The main purpose of holding foreign exchange reserves is to make international payments and
hedge against exchange rate risks.
Fiscal deficit touches 32.6 pc of annual target till August this fiscal: Govt Data
 The central government’s fiscal deficit touched 32.6 per cent of the annual target in the current
financial year till August as against 31.1 per cent recorded a year ago.The fiscal deficit — the difference
between expenditure and revenue — was Rs 5,41,601 crore during the April-August period of this
financial year.
 As per the data released by the Controller General of Accounts (CGA), the government’s total receipts,
including taxes, stood at Rs 8.48 lakh crore or 37.2 per cent of the Budget Estimates (BE) for 2022-
23.The tax revenue stood at about Rs 7 lakh crore or 36.2 percent of this year’s BE.The central
government’s total expenditure was Rs 13.9 lakh crore or 35.2 percent of the BE 2022-23. It was 36.7 per
cent of BE 2021-22.
 For 2022-23, the fiscal deficit of the government is estimated to be Rs 16.61 lakh crore or 6.4 per
cent of the GDP.According to the data, capital expenditure was 33.7 per cent of the full-year budget
target in the current fiscal compared to 31 percent in the corresponding period last year.
Learn Along:
A fiscal deficit is a shortfall in a government's income compared with its spending. A fiscal deficit is calculated as
a percentage of gross domestic product (GDP), or simply as total money spent in excess of income. In either case,
the income figure includes only taxes and other revenues and excludes money borrowed to make up the shortfall.
ONDC goes live with beta launch in Bengaluru; 161 orders placed on Day 1; Paytm Mall becomes
first to go live on beta test
 Starting small with 161 orders on day one, the government-owned Open Network for Digital
Commerce (ONDC) kicked off its beta launch in Bengaluru.Initially, consumers from 16 pin codes in
Bengaluru can place orders on ONDC across two segments — groceries and restaurants. The
experience is powered by buyer facing apps such as Paytm, IDFC First Bank, SpiceMoney and
Mystore, which are acting as a gateway for online shopping.

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October 2022
 The attempt is to see if transactions happen successfully and orders are delivered, which is the main
idea behind the beta launch.Paytm E-commerce Private Limited (PEPL), the parent of Paytm Mall,
has gone live on the Open Network for Digital Commerce (ONDC) in Bengaluru. People in Bengaluru
can make online orders from sellers who are part of the government-backed ONDC network through the
Paytm app.For now, people can place orders in two domains—groceries and restaurants—through
buyer-side apps, giving users access to a wide range of local businesses.
Learn Along:
Open Network for Digital Commerce (ONDC) is a freely accessible government-backed platform that aims to
democratise e-commerce by moving it from a platform-centric model to an open network for buying and selling of
goods and services.
Paytm Headquarters: Noida Founder: Vijay Shekhar Sharma
Core sector growth slows to 3.3 pc in August; lowest in nine months
 The output of eight core infrastructure sectors grew 3.3 per cent in August — the lowest in nine
months — as against 12.2 per cent in the year-ago period.The previous low was in November 2021 at 3.2
percent. It stood at 4.5 per cent in July.The production growth of eight infrastructure sectors — coal,
crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 9.8 per cent during
April-August this fiscal, compared to 19.4 per cent a year ago.
Learn Along:
The eight sectors -- coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil -- comprise
two-fifths of India's total industrial production.
CBDT extends due date for filing of various reports of audit for the Assessment Year 2022-23 under
the Income-tax Act, 1961
 On consideration of difficulties faced by the taxpayers and other stakeholders in filing of various reports
of audit for the Assessment Year 2022-23 under the Income-tax Act,1961(Act), Central Board of Direct
Taxes (CBDT) has decided to extend the due date for filing of various reports of audit for the
Assessment Year 2022-23, which was 30th September, 2022 to 07th October, 2022 in the case of
certain category of assessees for whom the due date was 30.09.2022.
Learn Along:
CBDT Headquarters: New Delhi Chairman: Nitin Gupta
GST mop-up in September at Rs 1.47 lakh crore
 GST collections remained above Rs 1.40 lakh crore for the seventh month in a row at Rs 1.47 lakh
crore in September, a 26 per cent increase over last year, reflecting buoyancy in tax collection and
stability of the GST portal.The GST collections had touched a record Rs 1.67 lakh crore in April, while
in August it was over Rs 1.43 lakh crore.
Learn Along:
GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage,
destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT, excise
duty, service taxes, etc.
UPI transactions up over 3 pc at 678 crore in September,2022

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October 2022
 According to the data provided by NPCI, UPI transactions grew by over 3 per cent to 6.78 billion in
September from a month ago. In August 2020, the total number of Unified Payment Interface (UPI) based
digital financial transactions stood at 6.57 billion (657 crore).In value terms, 6.78 billion (678 crore)
transactions in Septmeber corresponds to transactions worth Rs 11.16 lakh crore, up from Rs 10.73 lakh
crore in August, as per the National Payments Corporation of India (NPCI) data.
Learn Along:
Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments
Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India
and works by instantly transferring funds between two bank accounts on a mobile platform.
National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India. It was
set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA).
NPCI Headquarters:Mumbai MD & CEO: Dilip Asbe
UPI transactions touch a record Rs 11.17 trillion in September,2022
 According to the data released by the National Payments Corporation of India (NPCI), the UPI
platform recorded 6.8 billion transactions in September, amounting to Rs 11.17 trillion.On a year-on-
year (YoY) basis, volume of transactions was up 85.55 per cent and value went up 70.61 per cent.
Senior Citizen Savings Scheme (SCSS), Post Office Fixed Deposit, KVP Interest Rates Hiked;new
changes to be effective from 1st October 2022 to 31st December 2022
 The changes in interest rates will be applicable from October 2022 ending 31st December 2022. The
changes are as follows –
Instrument Revised Rates

Savings Deposit 4.0%
1 year Time Deposit 5.5%
5-year Recurring Deposit 5.8%
Senior Citizen Savings Scheme 7.6%
Monthly Income Account Scheme 6.7%
National Savings Certificate 6.8%
Public Provident Fund Scheme 7.1%
Kisan Vikas Patra 7.0%

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October 2022
Instrument Revised Rates

Sukanya Smariddhi Account Scheme 7.6%
Learn Along:
India Post introduced the Kisan Vikas Patra as a small saving certificate scheme in 1988. Its primary objective is to
encourage long-term financial discipline in people. As per the latest update, the tenure for the scheme is now 124
months (10 years & 4 months). The minimum investment amount is Rs. 1000 and there is no upper limit.
Govt issues draft guidelines for RRBs listing; minimum net worth Rs 300 cr
 In a bid to enable regional rural banks (RRBs) to raise resources by listing on stock exchanges, the
government has issued draft guidelines that set certain basic criteria, including net worth of at least
Rs 300 crore during the previous three years.They should also have capital adequacy above the
regulatory minimum level of 9 per cent in each of the preceding three years.
 The RRBs should have a track record of profitability and earned operating profit of minimum Rs 15
crore for at least three out of the previous five years.Besides, there should not be any accumulated
loss and the lender should have given return on equity of minimum 10 per cent in three out of the
preceding five years.
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Regional Rural Banks (RRBs) are banks formed in collaboration by the Central Government, State Governments and
Sponsoring Commercial Banks to give loans to rural areas. They were set up as government-sponsored, regional-based
rural lending institutions under the Regional Rural Banks Act, 1976. RRBs were configured as hybrid micro banking
institutions, combining the local orientation and small-scale lending culture of the cooperatives and the business culture
of commercial banks. Their mission was to fulfill the credit needs of the relatively un-served sections in the rural areas
-small and marginal farmers, agricultural labourers and socio-economically weaker sections.Shareholding pattern of
RRBs among the three sponsoring entities is 50:35:15 among central government, sponsoring bank and state
government respectively.
The term operating profits refers to an accounting statistic that calculates the profits earned by a corporation from its
core business operations, where interest and tax deductions are removed from the measurement. Likewise, this
operating value excludes all income from the ancillary activities of the corporation, such as earnings from individual
companies in which a company might be partially invested.
Capital adequacy – the adequate amount (usually defined by regulators) of capital (shareholder money) a bank needs
to hold, as a percentage of its risk-weighted assets.
Listing means the formal admission of securities of a company to the trading platform of the Exchange. It is a significant
occasion for a company in the journey of its growth and development. It enables a company to raise capital while
strengthening its structure and reputation.
When a private company first sells shares of stock to the public, this process is known as an initial public offering
(IPO). In essence, an IPO means that a company's ownership is transitioning from private ownership to public
ownership. For that reason, the IPO process is sometimes referred to as going public.
Concessional import duties on edible oils in place till March 2023-CBIC
 As per the decision taken by Central Board of Indirect Taxes and Customs (CBIC), in order to boost
domestic supply and keeping retail prices under control.The import duty on crude varieties of palm oil,
soyabean oil and sunflower oil is currently zero. However, after taking into account 5 per cent agri cess

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and 10 per cent social welfare cess, the effective duty on crude varieties of these three edible oils is
5.5 per cent.
 The basic customs duty on refined varieties of palmolein and refined palm oil is 12.5 per cent, while
social welfare cess is 10 per cent. So, the effective duty is 13.75 per cent.For refined soyabean and
sunflower oil, the basic customs duty is 17.5 per cent and taking into account 10 per cent social
welfare cess, the effective duty comes to 19.25 per cent.
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Central Board of Indirect Taxes and Customs (CBIC) Chairman: Vivek Johri
Finance Ministry to launch special campaign for financial inclusion from Oct 15,2022
 The Finance Ministry will run a special financial inclusion drive from October 15 to achieve saturation
in respect of bank accounts and expansion of Kisan Credit Card coverage, among others. The campaign
from October 15 to November 26 this year will also focus on mobile/Aadhaar seeding of existing
accounts with a special focus on making small accounts normal accounts by doing full know your
customer (KYC).
 The campaign will focus on achieving saturation in respect of bank accounts, insurance/pension
schemes for eligible individuals and distribution of loans to farmer produce organisations (FPOs)
and SHGs for the establishment of cold-Chain infrastructure.Besides, it will also concentrate on
expanding the coverage of MUDRA and KCC penetration for persons engaged in animal husbandry,
dairy and fisheries as well as bringing SHG members within the ambit of the FI ecosystem of the
country.
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The Kisan Credit Card (KCC) Scheme was introduced in the year 1998 with the objectives of providing adequate
and timely credit to the farmers for their agricultural operation. The Government of India provides interest subvention
of 2% and Prompt Repayment Incentive of 3% to the farmers, thus making the credit available at a very subsidized
rate of 4% per annum.
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the PM on April 8, 2015 for providing loans up
to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under
PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.
KYC means to ‘know your customer’ which is an effective way for an institution to confirm and thereby verify the
authenticity of a customer. For this, the customer is required to submit all KYC documentation before investing in various
instruments. All financial institutions are mandated by the RBI to do the KYC process for all customers before giving
them the right to carry out any financial transactions. Whether the customer uses KYC online verification or opts for
offline KYC, this is a simple one-time process.
A Farmer Producer Organization (FPO) is a type of Producer Organisation (PO) where farmers are its members. The
PO is an organisation of any produce, such as non-farm products, agricultural, artisan products, etc., by producers.
The Small Farmers’ Agribusiness Consortium (SFAC) provides support for FPOs promotion.The aggregation of
marginal, small and landless farmers as FPOs has helped increase market linkages to improve farmers’ income and
economic strength. It provides end-to-end services and support to the small farmers and covers marketing, technical
services, processing, marketing and other aspects of cultivation inputs.
EXIM Bank extends $100- mn LoC to Maldives for development projects

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October 2022
 Exim Bank has extended a line of credit of USD 100 million to the Maldives for financing developmental
projects.Exim Bank's overall commitment to the strategically important island nation goes to six lines of
credit totalling USD 1.43 billion.
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Exim Bank Headquarters: Mumbai Managing Director: Harsha Bhupendra Bangari
August, 2022 tax collections decline 7.7%; personal income tax mop-up drops 37%- CGA
 According to the data provided by the Controller General of Accounts (CGA), tax collections fell 7.7%
per cent at Rs 1.5 trillion in August 2022 from Rs 1.6 trillion in August 2021. Corporation tax yielded
Rs 11,159 crore, which is almost half of Rs 22,201 crore in August last year.Personal income tax
declined 37.6 percent at Rs 23,813 crore in August this year from Rs 38,162 crore in August 2021. This
means that direct taxes fell 42 percent to Rs 34,972 crore in August this year from Rs 60,363 crore
in the same month last year.
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The Controller General of Accounts (CGA), in the Department of Expenditure, Ministry of Finance, is the Principal
Accounting Adviser to Government of India and is responsible for establishing and maintaining a technically sound
Management Accounting System.
Head of CGA – Bharati Das
Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity.In the case of direct tax,
the burden can’t be shifted by the taxpayer to someone else. These are largely taxes on income or wealth. Income tax,
corporation tax, property tax, inheritance tax and gift tax are examples of direct tax.
Corporate Income Tax - The income-tax paid by domestic companies, and foreign companies on their income in India
is corporate income-tax (CIT). The CIT is at a specific rate as prescribed by the income tax act subject to the changes
in the rates in the union budget every year.
Personal Income Tax-The income-tax paid by the individual taxpayers is the personal income tax. Individuals get taxed
on the basis of tax slabs at different rates
India's economic growth to decline to 5.7% in 2022 - UNCTAD
 According to the forecast by United Nations Conference on Trade and Development (UNCTAD)
Trade and Development Report 2022, India's economic growth is expected to decline to 5.7 percent
this year from 8.2 percent in 2021. Furthermore, India's GDP will further decelerate to 4.7 percent
growth in 2023 due to fiscal imbalances and falling expenditures.
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UNCTAD Headquarters: Geneva, Switzerland Secretary-General: Rebeca Grynspan
India's manufacturing PMI cools to three-month low in September,2022
 India’s manufacturing Purchasing Managers’ Index (PMI) dipped to a three-month low in

September,2022. However, output still remained robust, notwithstanding global headwinds and
recession fears in developed countries.Although the seasonally adjusted S&P Global India PMI slipped
from 56.2 in August to 55.1 in September, there was greater demand from both international and
domestic clients.
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October 2022
PMI or a Purchasing Managers' Index (PMI) is an indicator of business activity -- both in the manufacturing and
services sectors. It is a survey-based measures that asks the respondents about changes in their perception of some
key business variables from the month before.
India raises total import duty on platinum to 15.4% from 10.75%
 Import duty on platinum has been increased to a total of 15.4 percent from 10.75 percent. It is being
presumed that the increase in duty on platinum is to curb the bullion importers from making record profits.
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Import duty is a type of tax levied on the import and specific exports of a nation's customs authorities. The value of
goods will generally decide the amount of import duty that will be imposed. Sometimes, import duty is also referred to
as customs duty, import tax, import tariff, or tariff.
SIDBI, D&B to create MSME index to track ESG adoption among enterprises
 SIDBI signed a memorandum of understanding (MoU) with data and analytics company Dun &
Bradstreet to create a quarterly SIDBI-D&B Sustainability Perception Index (SIDBI–D&B SPeX). The
index will be shared with policymakers as a quantitative measurement of the adoption of environmental,
social, and corporate governance (ESG) measures among MSMEs and nudge businesses towards
adopting an ESG framework in their business strategy over the coming years.
 The index will capture the sentiment of businesses through a survey about the preceding quarter and
outlook for the next quarter on various business parameters, which will provide valuable insights on
the adoption of an ESG framework, when analysed at an aggregate level. Sustainability disclosure and
reporting play an important role to help MSMEs and investors to reduce risks across their supply
chain and enable an efficient decision-making process, toward greening MSMEs as well as lending
institutions.
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SIDBI Headquarters: Lucknow Chairman & MD: Sivasubramanian Ramann
Dun & Bradstreet Headquarters: New Jersey,US MD & CEO: Avinash Gupta
India’s merchandise export in April -September 2022-23 was USD 229.05 billion over USD 198.25
billion in April -September 2021-22
 India has achieved a monthly value of merchandise export in September 2022 amounting USD 32.62
billion, over USD 33.81 billion in September 2021. India’s merchandise export in April -September
2022-23 was USD 229.05 billion as compared to USD 198.25 billion in April -September 2021-22.
 The value of non-petroleum exports in September 2022 was USD 26.54 billion over non-petroleum
exports of USD 28.62 billion in September 2021. The value of non-petroleum exports in April -
September 2022-23 was USD 179.17 billion over USD 169.67 billion in April -September 2021-22.
 Value of non-petroleum and non-gems and jewellery exports in September 2022 was USD 22.9
billion, over USD 25.38 billion in September 2021. The cumulative value of non-petroleum and non-
gems and jewellery exports in April -September 2022-23 was USD 158.68 billion, an increase of 5.53%
in comparison to USD 150.37 billion in April -September 2021-22.
 India’s merchandise import in September 2022 was USD 59.35 billion. India’s merchandise imports
in April -September 2022-23 was USD 378.53 billion over USD 274.5 billion in April -September 2021-

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October 2022
22.Value of non-petroleum imports was USD 43.75 billion in September 2022 over USD 39.51 billion
in September 2021. The cumulative value of non-petroleum imports in April -September 2022-23
was USD 263.54 billion, compared to non-oil imports of USD 204.97 billion in April -September 2021-
22.
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Merchandise exports -In merchandise exports, the goods are sent from the home country to various other countries.
Example: For instance, Singapore sells its goods to Sweden; that means Singapore exports its commodities
Fitch affirms Bank of Baroda, subsidiary at 'BBB-' with stable outlook
 Fitch Ratings has affirmed Bank of Baroda's (BoB) and its subsidiary Bank of Baroda (New Zealand)
Ltd’s long-Term Issuer Default Ratings (IDRs) at 'BBB-' with a stable outlook.Fitch has also reassessed
the earnings and profitability score at 'b', from 'b-', and revised the outlook to positive. This is mainly
due to declining loan-impairment charges and, to a lesser extent, higher income generation despite the
near-term negative impact on treasury income amid rising interest rates.
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Fitch Ratings Headquarters: New York,US CEO: Paul Taylor
Bank of Baroda Headquarters: Vadodara MD & CEO: Sanjiv Chadha
Centre allocates Rs 26,000 crore for installing 25,000 telecom towers
 Funds worth Rs 26,000 crore have been allotted to install 25,000 telecom towers in the next 500 days
by the Centre. The amount will be spent from the department of telecommunication’s (DoT’s) universal
service obligation fund (USOF) and state-owned company Bharat Broadband Network Limited (BBNL)
will install the towers.
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Department of Telecommunications, Ministry of Communications Union Minister: Ashwini Vaishnaw
Universal Service Obligation Fund (USOF)-Apart from the higher capital cost of providing telecom services in rural
and remote areas, these areas also generate lower revenue due to lower population density, low income and lack of
commercial activity. Thus normal market forces alone would not direct the telecom sector to adequately serve backward
and rural areas. Keeping in mind the inadequacy of the market mechanism to serve rural and inaccessible areas on
one hand and the importance of providing vital telecom connectivity on the other, most countries of the world have put
in place policies to provide Universal Access and Universal Service to ICT.
Bharat Broadband Network Headquarters: New Delhi CMD: Sarvesh Singh
FM radio broadcasting policy relaxes recasting and ownership norms
 The government has approved amendments to some provisions in the “Policy guidelines on
expansion of FM radio broadcasting services through private agencies.The provisions that
prescribed a three-year window for restructuring of FM radio permissions within the same management
group during a license period of 15 years have been removed. The Centre has also removed the 15
percent national cap on channel holding. Previously, no company was entitled to own more than 15
per cent of the total channels allotted in the country.
 Another amendment has relaxed financial eligibility norms in FM radio policy. A company with a net
worth of Rs 1 crore can now participate in bidding for ‘C’ and ‘D’ category cities (Cities with a

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October 2022
population between 5 and 10 lakh are categorised as ‘C’ category, while those with population less than
5 lakh fall under ‘D’ category).According to earlier norms, there was a minimum limit of Rs 1.5 crore
to bid in this category.
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Ministry of Information and Broadcasting Union Minister: Anurag Thakur
No charge for RuPay credit card use on UPI for transaction up to Rs 2,000: NPCI
 There will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for
transactions up to Rs 2,000 in line with the RBI direction.Nil Merchant Discount Rate (MDR) would
apply for this category up to the transaction amount less than and equal to Rs 2,000, it noted. MDR is
the cost paid by a merchant to a bank for accepting payment from their customers via credit or debit
cards every time a card is used for payments in their stores. The merchant discount rate is expressed in
the percentage of the transaction amount.
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Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments
Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India
and works by instantly transferring funds between two bank accounts on a mobile platform.
NPCI launches program to connect with payments-oriented service providers
 National Payments Corporation of India (NPCI) has launched NPCI Partner Program (NPP) to
collaborate with various technological service providers, application service providers, and other similar
entities in the industry.
 This one-of-a-kind initiative will help in building new offerings that are better aligned with the needs
and demands of the contemporary market. It further aims to augment the retail payments ecosystem
by bringing down the time to market and being more transparent and accessible.
 The program will also act as a knowledge-sharing platform with exclusive workshops on NPCI
products and services, participation in NPCI pilot projects, and building a marketplace through
community engagement. It will further enable service providers to co-create along with NPCI and will
accelerate strategic partnerships within the ecosystem which will play a vital role in solving new
challenges in the ever-evolving market dynamics of cash-free payments.
 The program will seek participation from payment technology-oriented organisations across the
ecosystem. These entities will first be evaluated for their fitment and compliance, post which they can
apply for pre-certification of their tech stack on NPCI platforms.
FinMin allows airlines to avail up to Rs 1,500 crore loan under ECLGS

 The Union Finance Ministry allowed airlines to avail of up to Rs 1,500 crore loan under the
Emergency Credit Line Guarantee Scheme (ECLGS), to help them tide over their cash flow problems.
Earlier, an airline could avail of a loan of not more than Rs 400 crore under the ECLGS. The Centre
had in 2020 started the ECLGS to provide collateral-free and government-guaranteed loans to
businesses affected by the Covid pandemic.
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ECLGS was rolled out in May 2020 as part of the Centre’s Aatmanirbhar package in response to the Covid-19 crisis.
The objective was to support small businesses struggling to meet their operational liabilities due to the imposition
of a nationwide lockdown.

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October 2022
WTO slashes global 2023 trade growth forecast to 1% as recession looms
 World Trade Organization (WTO) slashed its forecast for global trade volume growth to 1 percent
from 3.4 percent estimated earlier, citing increasing downside risks. However, the WTO revised upward
its merchandise trade growth forecast for 2022, to 3.5 per cent from its April estimate of 3 per cent.
According to the fresh WTO forecasts, world GDP at market exchange rates will grow by 2.8 per cent
in 2022 and 2.3 per cent in 2023 — the latter is 1 percentage point lower than what was previously
projected.
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World Trade Organization Headquarters: Geneva, Switzerland Director-General: Ngozi Okonjo-Iweala
Merchandise trade-Goods which add or subtract from the stock of material resources of a country by entering
(imports) or leaving (exports) its economic territory.
S&P upgrades Greenko Energy to 'BB-' on improving business position
 Global rating agency Standard and Poor's (S&P) has upgraded credit rating on India-based Greenko
Energy Holdings from "B+" to "BB-" on improving business position stating the outlook to be
stable.Greenko Energy Holdings' stabilizing operating performance with greater resource diversity and
manageable execution risk for pumped storage projects will strengthen its business position.
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S&P Global Headquarters: New York,US CEO: Douglas L. Peterson
Greenko Energy Holdings Headquarters: Hyderabad CEO: Anil Kumar Chalamalasetty
At Rs 3,513 crore, Madhya Pradesh bags most textile PLI investments
 Madhya Pradesh has bagged the highest amount of investment, to the tune of Rs 3,513 crore under
the production linked incentive (PLI) scheme for the textile sector.According to the data provided by the
Textile Ministry, out of 67 applicants, 64 projects with a proposed investment of Rs 19,798 crore were
approved by a selection committee under the PLI scheme. While Gujarat saw the highest number of
proposed projects (13), Madhya Pradesh cornered the highest amount of proposed investment (Rs
3,513 crore).
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Production Linked Incentive Scheme (PLI) offers a production linked incentive to boost domestic manufacturing and
attract large investments in mobile phone manufacturing and specified electronic componentsThe scheme shall extend
an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under target
segments, to eligible companies, for a period of 5 years
PLI Ministry: Ministry of Electronics & IT Launch Year: 2020
World Bank slashes India's economic growth forecast to 6.5% for FY23
 The World Bank slashed its growth estimates for India by one percentage point to 6.5 per cent for
FY23, citing the blowback of the Russia-Ukraine war and ongoing global monetary policy tightening.This
is the lowest growth estimate by any multilateral agency for FY23.
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World Bank Headquarters: Washington DC,US President:David Malpass

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October 2022
National Highways Infrastructure Trust issues Rs 1,500-crore NCDs
 National Highways Infrastructure Trust (NHIT) will raise Rs 1500 crore through non-convertible
debentures, as it aims to add three highways stretches worth Rs 3800 crore to its portfolio.NHIT is
the Infrastructure Investment Trust (InvIT) of the National Highways Authority of India (NHAI) and has
recently raised external capital of 1217 crore from institutional investors .
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NHAI Headquarters: New Delhi Chairperson: Alka Upadhyaya
An InvIT is like a mutual fund, which enables direct investment of small amounts of money from individual/institutional
investors in infrastructure projects to earn a portion of the income as return
Govt gets Rs 1,203 cr dividend from 5 CPSEs
 The government has received Rs 1,203 crore as dividend tranches from five CPSEs, including SAIL,
HUDCO and IRCTC.With this, the total dividend receipts of the government from public sector
enterprises stood at Rs 14,778 crore so far this fiscal. Government has respectively received about Rs
604 crore, Rs 450 crore and Rs 37 crore from SAIL, Housing and Urban Development Corporation
(HUDCO) and IREL as dividend tranches. Besides, IRCTC has paid about Rs 81 crore and Bhartiya
Rail Bijlee Co Ltd Rs 31 crore as dividend tranches.
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Steel Authority of India Limited Headquarters: New Delhi CEO: Soma Mondal
HUDCO Headquarters: New Delhi CMD: Kamran Rizvi
Indian Rare Earths Headquarters: Mumbai CMD: Deependra Singh
IRCTC Headquarters: New Delhi Chairman & MD: Rajni Hasija
Bhartiya Rail Bijlee Company Limited Headquarters: New Delhi Chairman: Ramesh Babu V
Central Public Sector Enterprises (CPSEs) are those companies in which the direct holding of the Central
Government or other CPSEs is 51% or more.
Govt releases Rs 7,183 cr revenue deficit grant to 14 states
 The Ministry of Finance released Rs 7,183.42 crore as a revenue deficit grant to 14 states, including
West Bengal, Punjab, Andhra Pradesh, Kerala, and Nagaland. This is the seventh installment, out of
the total 12 equated installments, of the post-devolution revenue deficit grant for the financial year
2022-23.
 After the release of the latest installment, the total grant released in the current fiscal so far has gone
up to Rs 50,283.92 crores. The 15th Finance Commission has allocated a total sum of Rs 3 trillion over
a period of five years, FY22-FY26. For this fiscal, 14 states have been recommended, excluding
Haryana, Karnataka, and Tamil Nadu.
 In the seventh installment granted to the states in October, West Bengal and Kerala receive the
maximum chunk of Rs 1132.25 crore and Rs 1097.83 crore respectively. Sikkim received the lowest
amount – Rs 36.67 crore – in the grant, followed by Meghalaya, which got Rs 86.08 crore in the grant.

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October 2022
 Other major beneficiaries in the list are Andhra Pradesh (Rs 879.08 crore), Himachal Pradesh (Rs
781.42 crore), and Punjab (Rs 689.5 crore). The total amount allocated for the revenue deficit grant to
be received by the states in the current fiscal is Rs 86,201 crore.
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Revenue deficit arises when the government’s revenue expenditure exceeds the total revenue receipts. Revenue
deficit includes those transactions that have a direct impact on a government’s current income and expenditure. This
represents that the government’s own earnings are not sufficient to meet the day-to-day operations of its departments.
Revenue deficit turns into borrowings when the government spends more than what it earns and has to resort to the
external borrowings.
Govt to provide collateral-free loans to start-ups under CGSS framework
 The Department for Promotion of Industry and Internal Trade (DPIIT) notified the establishment of
the Credit Guarantee Scheme for Start-ups (CGSS). It would provide collateral-free debt funding up to
Rs 10 crore for start-ups extended by commercial banks, non-banking financial companies (NBFCs)
and Securities and Exchange Board of India (SEBI)-registered alternative investment funds (AIFs).
 The credit guarantee cover under the scheme would be both transaction-based (for single eligible
borrowers) and umbrella-based (for a group of eligible borrowers). The extent of transaction-based cover
will be 80 per cent of the credit facility up to Rs 3 crore, 75 per cent of the credit facility between
Rs 3 and 5 crore, and 65 per cent of the credit facility between Rs 5 and 10 crore.
 The umbrella-based guarantee cover will provide guarantee to venture debt funds (VDFs) registered
under AIF regulations of Sebi (a growing segment of funding in the start-up ecosystem). This is in view
of the nature of funds raised by them and debt funding provided by them. The extent of umbrella-based
cover will be the actual losses or up to a maximum of 5 per cent of pooled investment on which cover is
being taken from the fund in eligible start-ups, whichever is lower. It is subject to a maximum of Rs 10
crore per borrower.
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The Department for Promotion of Industry and Internal Trade (DPIIT) comes under the Ministry of Commerce
and Industry. This department is in the charge of the promotion of internal trade (including retail trade), the welfare of
traders and their employees, matters relating to facilitating Ease of Doing Business, and matters relating to start-ups.
The Government of India has formulated a Credit Guarantee Scheme for Startups (CGSS) with a contribution of Rs.
2000 Crore that enables startups to avail loans without any collateral for their business. The scheme was first proposed
by the Prime Minister as a part of the Startup India action plan. The credit guarantee scheme provides portfolio-based
guarantees, and each portfolio comprises of at least ten eligible startup loans during a particular financial year.The
scheme grants credit guarantee up to Rs. 5 crores per case including the term loan and working capital or any other
instrument of assistance. This is extended by a member lending institution to finance an eligible borrower, that is usually
a Startup recognised by the Department of Industrial Policy and Promotion (DIPP).
Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately
pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign, for
investing it in accordance with a defined investment policy for the benefit of its investors.
Venture debt is a type of debt financing obtained by early stage companies and startups. This type of debt financing
is typically used as a complementary method to equity financing. Venture debt can be provided by both banks
specializing in venture lending and non-bank lenders.
LIC, Central Government to sell 60.7% stake in IDBI Bank; DIPAM invites EoIs

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October 2022
 The Union finance ministry invited initial bids for strategic disinvestment in IDBI Bank to sell, jointly with
the Life Insurance Corporation (LIC), 60.7 per cent in the bank.According to the expression of interest
(EoI) released by the Department of Investment and Public Asset Management (DIPAM), LIC, which
owns 49.2 per cent in IDBI, will cut its stake to 19 per cent, while the government will reduce its
shareholding to 15 per cent from 45.5 per cent at present.
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IDBI Bank Headquarters: Mumbai CEO: Rakesh Sharma
LIC Headquarters: Mumbai Chairperson: MR Kumar
IDBI Bank launches many digital solutions on its 59th Foundation Day
 IDBI Bank has announced the launch of several digital solutions. Among these, is the announcement on
the bank’s entry into Open Network Digital Commerce (ONDC) for customers and non-customers
engaged in trade. The IDBI Bank ONDC Sellers App will enable merchants to on-board onto the ONDC
platform.IDBI Bank has also launched DigiKCC platform for digitization of the Kisan Credit Card
(KCC) loan process to make it more convenient for borrowers. As per the press release, the DigiKCC
platform has built-in capabilities for scrutiny of loan applications to enable an end-to-end digital
experience.
 The bank has also launched a Warehouse Receipt Processing System or WPS for an integrated
digital solution for loans against warehouse receipts.Apart from that, IDBI Bank has upgraded its mobile
banking app, GO Mobile+ for the benefit of its senior citizen customers. Under this, it has introduced
special facilities such as door-step banking under the ‘Naman’ page of the app. For the convenience
of its customers, the bank has also launched its cardless ATM for cash withdrawal from nearby shops.
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goods and services.
AMCs to freeze non-PAN card MF portfolios from April 2023 - AMFI
 According to Association of Mutual Funds in India (AMFI) from April 2023, investors will not be able
to invest in mutual fund folios that are not linked to their PAN card. The industry body has asked
investors to link such MF accounts with their PAN or PEKRN by March 31, 2023.
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AMFI Headquarters: Mumbai CEO: N.S.Venkatesh
Permanent Account Number abbreviated as PAN is a unique 10-digit alphanumeric number issued by the Income
Tax Department to Indian taxpayers.The department records all tax-related transactions and information of an individual
against his unique permanent account number. This allows the taxman to link all tax-related activities with the
department. It primarily acts as a database for all individual transactions, such as the tax collected at source (TCS)/tax
deducted at source (TDS) credits, income tax payments, return on gift/investments/wealth, etc. Simply put, the PAN
enables the tax department to identify an individual’s tax-related transaction.

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October 2022
An asset management company (AMC) is a firm that invests pooled funds from clients, putting the capital to work
through different investments including stocks, bonds, real estate, master limited partnerships, and more. AMC
managers are compensated via fees, usually a percentage of a client's assets under management.
SBI revamps call centre, to offer 30 banking solutions in 12 languages
 State Bank of India has revamped its customer call centres by unveiling a new contact centre which
will offer over 30 banking solutions in 12 languages and will be available round the clock.Currently,
the Contact Centre manages 1.5 crore monthly calls, with 40 per cent self-serviced through IVR, and the
rest managed by over 3500 tele-caller representatives operating through 4 toll-free helpline numbers.
 The customers can avail of an array of services related to accounts, ATM cards and Cheque book,
Emergency services (ATM card or digital channel blocking), access to digital products and support,
product information.
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SBI Headquarters: Mumbai Chairperson: Dinesh Kumar Khara
IMF cuts India's FY23 GDP forecast to 6.8%, flags global inflation crisis
 The International Monetary Fund (IMF), in its latest World Economic Outlook report, cut its
forecast for India’s gross domestic product (GDP) growth in financial year 2022-23 (FY23) by 60
basis points (bps) to 6.8 per cent. The IMF maintained a forecast of 6.1 per cent for FY24.
 The agency kept its global growth forecast for 2022 unchanged at 3.2 per cent, but cut it by 20 bps to
2.7 per cent in 2023, with a 25 per cent chance that it may slip below 2 per cent. The global inflation
could rise from 4.7 per cent in 2021 to 8.8 per cent in 2022, but predicted that it would decline to 6.5
per cent in 2023 and to 4.1 per cent in 2024.
Learn Along:
IMF Headquarters: Washington, United States MD: Kristalina Georgieva
Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the
overall increase in prices or the increase in the cost of living in a country.
Nomura moderates India's FY24 GDP growth to 5.2%, optimism misplaced
 Japanese brokerage Nomura has projected a sharp moderation in India's growth rate for FY24 to 5.2
per cent as compared to FY23 due to misplaced optimism of the Indian policymakers on the country’s
growth prospects.
Learn Along:
Nomura Holdings Headquarters: Tokyo, Japan CEO: Kentaro Okuda
Direct tax mop-up rises 24% YoY to Rs 8.98 trillion in FY23
 The Centre’s gross direct tax collection for FY23, stands at Rs 8.98 trillion till now, 23.8 percent higher
than mop-up during the same period last year.Net tax collection (after refunds) stands at Rs 7.45 trillion,

Monthly BeePedia
October 2022
which is 52 per cent of the FY23 Budget Estimate.The Union Budget for FY23 estimated a direct tax
collection at Rs 14.20 trillion, against Rs 14.10 trillion collected in FY22.
Learn Along:
Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity.In the case of direct tax,
the burden can’t be shifted by the taxpayer to someone else. These are largely taxes on income or wealth. Income tax,
corporation tax, property tax, inheritance tax and gift tax are examples of direct tax.
American Express ties up with Nasscom to empower women with digital skills
 The Nasscom Foundation and American Express have partnered to train and upskill 700 women
graduates through an employment-linked training project, ‘Women Empowerment Through
Technology’.Under this project, American Express and Nasscom Foundation are working with two
training partners - FUEL (Friends Union for Energizing Lives) and RCED (Regional Centre for
Entrepreneurship) to impart women with technology-based skill development and entrepreneurship
training.
 The enrolled beneficiaries will also be groomed through non-technical courses, including
communication skills, holistic personality development and interview skills. On successful completion of
the program, the women beneficiaries will receive a validated professional certificate and job
placements.
Learn Along:
NASSCOM Headquarters: New Delhi Chairperson: Krishnan Ramanujam
American Express Headquarters: New York, US Chairman & CEO: Stephen Squeri
Amazon among 314 entities to get Delhi govt approval for 24/7 operation
 Amazon India is among 314 applicants that have been granted approval to operate 24/7 in the national
capital. This approval will allow round-the-clock delivery of products by Amazon in Delhi.
 Over 300 establishments ranging from hotels, restaurants, and eateries to online delivery services of
food, medicines, logistics and other essential commodities, transport and travel services, apart from
KPOs and BPOs will be able to operate and carry on with their business on a 24X7 basis in Delhi.
Learn Along:
Amazon Headquarters: Washington,US CEO: Andy Jassy
Adani Ports receives NCLT approval to acquire 58.1% in Gangavaram Port
 Adani Ports and Special Economic Zone Ltd (APSEZ) has received approvals from the National
Company Law Tribunals at Ahmedabad and Hyderabad for acquiring 58.1 per cent stake in
Gangavaram Port Ltd (GPL). With this stake purchase, GPL will become a fully-owned subsidiary of
APSEZ.The acquisition of GPL is priced at around Rs 6,200 crore (517 million shares at Rs 120 each).
Gangavaram Port has excellent rail and road network connectivity and is the business gateway to a
hinterland spread over eight states. The recent addition of a container handling terminal will help to
accelerate growth of cargo volumes.
Learn Along:
APSEZ Registered Office: Gujarat CEO: Karan Adani

Monthly BeePedia
October 2022
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian
companies. The tribunal was established under the Companies Act 2013 on the recommendation of the V. Balakrishna
Eradi committee on law relating to the insolvency and the winding up of companies.
NCLT Headquarters: New Delhi President: Ramalingam Sudhakar
Centre starts online portal for handicraft artisans to participate in marketing events
 Around 200 domestic marketing events are organised annually in different parts of the country with
an aim to support the artisans in selling their produce. The online process starting from application to
selection and finally stall allotment is completely computerized, without any human interface.
 The online process will provide equal, fair and transparent opportunities to all artisans. Broad
guidelines on submission of application has been circulated to all concerned with a purpose to educate
the artisans.
 The office of the Development Commissioner (Handicrafts) has launched Indian handicraft portal
through which all eligible artisans can apply online for marketing events. The artisan may login with a
pehchan card number, followed by authentication with OTP sent on the registered mobile number.
Learn Along:
Ministry of Textiles Union Minister: Piyush Goyal
Spice Money joins e-commerce platform ONDC
 Fintech Spice Money has on boarded the government-promoted e-commerce platform ONDC to
facilitate smaller merchants in rural locations.The fintech player, through its network of Adhikaris —
small merchants — delivers various financial services to the rural masses such as cash deposit and
withdrawal, insurance premium, bill payments and loans.
 By onboarding ONDC, the Adhikaris of Spice Money will act as facilitators to other smaller merchants
in their localities who otherwise do not have access to e-commerce platforms to sell their products to a
wider segment of buyers. Spice Money is the only rural fintech player as well as one of the four buyer-
side apps to be on Open Network for Digital Commerce (ONDC ) that has gone live for beta testing
in Bengaluru Urban District.
Learn Along:
Spice Money deals in Mobile Value Added Services, along with Telco Solutions, enterprise solutions, financial
technology, GST Suvidha Provider, and digital transformation products and services.
Spice Money Headquarters: Noida
goods and services.
GrowthFalcons to onboard Menson’s 11,500 restaurants on ONDC
 Menson, a restaurant point of sale (POS) software provider has partnered with GrowthFalcons, food
and beverages (F&B) focused seller app on the open network for digital commerce (ONDC), to help
its 11,500 restaurants be discoverable on the government’s e-commerce platform.Such partnerships will
enable seamless onboarding of the restaurants onto (the) ONDC and will further help them gain large
visibility via buyer apps, which shall not only drive incremental orders but also higher profits with lower
take rate.
Learn Along:

Monthly BeePedia
October 2022
GrowthFalcons is a 360 degree growth hacking & Next-gen digital marketing company that helps Startups & SMEs to
achieve rapid and sustainable growth by applying Product, Marketing & Sales hacks powered by home grown state-of-
the art growth hacking tools.
Growth Falcons Headquarters: Bengaluru
Menson Headquarters: Mumbai CEO: Praveen Menda
ONDC to start outreach programme to help sellers speed up their business
 Following the Beta testing in Bengaluru, Open Network for Digital Commerce (ONDC) is initiating an
outreach programme under which it will host events across the country, inviting sellers and MSMEs
for interactive sessions on ONDC, while informing them how it can help accelerate their business.
 The first event of the outreach programme will be an introductory session in Delhi NCR for restaurants,
food entrepreneurs, and cloud kitchens in association with National Restaurant Association of
India (NRAI).
Learn Along:
NRAI Headquarters: Delhi President: Kabir Suri
NSDL acquires 5.6% stake in govt's e-commerce project ONDC for Rs 10 crore
 NSDL has acquired a 5.6 percent stake in the Union government's Open Network for Digital
Commerce for Rs 10 crore. This strategic deal will further strengthen the digital ecosystem to take
digital e-commerce to the people of India.
Learn Along:
NSDL Headquarters: Mumbai CEO: Padmaja Chunduru
Govt approves Rs 22,000 crore one-time grant for OMCs to battle losses
 The Government has approved a one-time grant amounting to Rs 22,000 crore for the three public
sector oil marketing companies (OMCs).This will help them tide over continuing losses in providing
domestic liquified petroleum gas (LPG).
 The grant will be distributed among Indian Oil Corporation (IOC), Bharat Petroleum Corporation
(BPCL) and Hindustan Petroleum Corporation (HPCL). The approval will help the three state-owned
firms to continue their commitment to the Atmanirbhar Bharat Abhiyaan. It would ensure unhindered
domestic LPG supplies and support the procurement of Make-in-India products.
Learn Along:
IOCL Headquarters: New Delhi Chairman & MD: Shrikant Madhav
Vaidya
BPCL Headquarters: Mumbai CMD: Arun Kumar Singh
HPCL Headquarters:Mumbai Chairman & MD: Pushp Kumar
Atmanirbhar Bharat Abhiyaan or Self-reliant India- The aim is to make the country and its citizens independent and
self-reliant in all senses. He further outlined five pillars of Aatma Nirbhar Bharat – Economy, Infrastructure, System,
Vibrant Demography and Demand. Finance Minister further announces Government Reforms and Enablers across
Seven Sectors under Aatmanirbhar Bharat Abhiyaan.
Four major MoUs signed by Indian, US oil and gas companies to strengthen clean energy
partnership

Monthly BeePedia
October 2022
 India and the US have inked four major MoUs in the field of oil & gas to intensify the bilateral strategic
clean energy partnership, indicating how both countries can leverage the strength of the private sector
to solve issues pertaining to climate action and energy security.
 The MoUs are as follows-
 A Statement of Intent was signed between Indian Oil & LanzaJet, a subsidiary of LanzaTech, a leading
biotech company & global leader in gas fermentation, for a partnership in sustainable aviation fuels
through Lanzajet’s patented technology.
 Aavantika Gas Limited, Joint venture of GAIL & HPCL entered into an MoU with Baker Hughes for
Emissions Measurement & Abatement Solutions support.
 Another MoU was signed between Engineers India Limited and UOP, a leading global technology
licensor.
 Another MoU was signed between Indraprastha Gas Ltd, a Joint venture of BPCL limited and global
offshore leader Baker Hughes, to jointly evaluate opportunities in emissions monitoring & detection,
hydrogen technologies, sustainability among others.
Learn Along:
GAIL (India) Headquarters: New Delhi CEO: Manoj Jain
Baker Hughes Headquarters: Texas, United States CEO: Lorenzo Simonelli
High food prices push retail inflation to 5-month high of 7.41% in September,2022 ; Industrial
production slips to 18-month low - NSO
 According to the data released by the National Statistical Office (NSO),the retail inflation rate shot up
to a five-month high in September, while factory output contracted after a gap of 17 months in August.
The consumer price index (CPI)-based inflation accelerated to 7.41 percent in September from 7
percent in the previous month, driven by a 22-month high food inflation rate of 8.6 per cent.
 India’s industrial production slipped to an 18-month low, contracting by 0.8 per cent in August, mainly
due to a decline in output of the manufacturing and mining sectors. The data showed that the previous
low in industrial output growth was a contraction of 3.2 percent in February 2021 while it grew by 2.2
percent in July this year.
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Retail Inflation-The CPI monitors retail prices at a certain level for a particular commodity; price movement of goods
and services at rural, urban and all-India levels. The change in the price index over a period of time is referred to as
CPI-based inflation, or retail inflation.
The Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an
economy such as mineral mining, electricity and manufacturing.
WPI inflation eases to 18-month low of 10.7% as pricing pressure softens
 The wholesale price index- (WPI-) based inflation rate for September decelerated to an 18-month low
of 10.7 per cent on broadbase easing of pricing pressure and helped by a high base a year ago.The
food inflation eased to 8.08 per cent during September as prices of wheat, fruits, pulses, and protein-
rich items fell compared to their levels a year ago, even though prices of vegetables and milk shot up.
Inflation for fuel (32.61 per cent) and manufactured (6.34 per cent) items also decelerated during the
month.
Learn Along:

Monthly BeePedia
October 2022
Wholesale Price Index- WPI is released by the Economic Advisor in the Ministry of Commerce and Industry. It reflects
changes in the average prices of goods at the wholesale level — that is, commodities sold in bulk and traded between
businesses or entities rather than goods bought by consumers. The purpose of WPI is to inspect movement in prices
of goods that reflect supply and demand in industry, construction and manufacturing. The index basket of WPI
categorises commodities under three groups — primary articles, fuel and power & manufactured products. The base
year for WPI is considered to be 2011-12.
Cabinet approves new Scheme PM-DevINE for the remaining four years of the 15th Finance
Commission from 2022-23 to 2025-26
 The Union Cabinet has approved a new Scheme, Prime Minister’s Development Initiative for North
East Region (PM-DevINE) for the remaining four years of the 15th Finance Commission from 2022-
23 to 2025-26. The new Scheme, PM-DevINE, is a Central Sector Scheme with 100% Central funding
and will be implemented by Ministry of Development of North Eastern Region (DoNER).
 The PM-DevINE Scheme will have an outlay of Rs.6,600 crore for the four year period from 2022-23 to
2025-26 (remaining years of 15th Finance Commission period).While expenditure would continue to be
incurred during 2024-25 and 2025-26, focused attention will be given to complete the sanctioned PM-
DevINE projects.PM-DevINE will lead to creation of infrastructure, support industries, social
development projects and create livelihood activities for youth and women, thus leading to
employment generation.
Cabinet approves payment of Productivity Linked Bonus equivalent to 78 days to railway employees
for the financial year 2021-22
 The Union Cabinet has given approval for payment of Productivity Linked Bonus to railway
employees for the financial year 2021-22.This year also, PLB amount equivalent to 78 days wages has
been paid to about 11.27 lakh non-gazetted Railway employees. The maximum amount payable per
eligible railway employee is Rs. 17,951/- for 78 days. The above amount has been paid to various
categories viz. Track maintainers, Drivers & Guards, Station masters, Supervisors, Technician,
Technician Helper, controller, Pointsmen, Ministerial staff & other Group ‘C’ staff.The financial implication
of payment of 78 days PLB to railway employees has been estimated to be Rs. 1832.09 crore.
GeM: Public procurement crosses Rs 3 lakh crore; doubles in 12 months
 Public procurement of goods and services by central government ministries and departments has
crossed Rs 3 lakh crore from the business-to-government portal Government e-Marketplace (GeM) on
the back of a surge in purchase activity. The cumulative transaction value of goods and services bought
by government ministries from MSMEs through the GeM portal grew 116 per cent to Rs 3.11 lakh crore
from Rs 1.44 lakh crore during October last year.
 In comparison to pre-Covid transaction value, which stood at Rs 35,462 crore during October 2019,
the growth has been nearly 800 per cent, indicating Covid-led tailwinds fuelling the government’s
purchases from MSMEs through the GeM portal launched in August 2016.
 The number of MSMEs selling on the platform jumped 80 per cent from 29 lakh in October last year
and a massive 1,714 per cent from 2.88 lakh during October 2019 to 52 lakh currently according to
the current data. The marketplace recorded Rs 106,647 crore turnover in FY22 and is expected to
double it in FY23.
Learn Along:

Monthly BeePedia
October 2022
The Government e-Marketplace is an online platform for public procurement in India. The initiative was launched on
August 9, 2016, by the Ministry of Commerce and Industry, Government of India with the objective to create an open
and transparent procurement platform for government buyers. Prashant Kumar Singh is the CEO of this platform.
Micro, Small, Medium Enterprises (MSME’s) are entities that are involved in production, manufacturing and
processing of goods and commodities. The concept of MSME was first introduced by the government of India
through the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006.
Micro Investment less than Rs. 1 crore or Turnover less than Rs. 5 crore
Small Investment less than Rs. 10 crore or Turnover up to Rs. 50 crore
Medium Investment less than Rs. 20 crore or Turnover up to Rs. 100 crore
Interest-free loans for 100K rural families of Rajasthan for non-agri work
 As many as 100,000 families residing in rural areas of Rajasthan for the past five years will get
interest-free loans for non-agricultural works in the year 2022-23.
 The state government has set aside Rs 2,000 crore for the Rajasthan Rural Family Livelihood Loan
Scheme. It will give an interest subsidy of Rs 100 crore for such kinds of loans, which will be provided
by commercial banks (55,158, rural families) regional rural banks (36,741), the cooperative banks
(5,949), and small finance banks (2,152).The scheme would help the families of small and marginal
farmers and landless labourers who are doing farming as tenants, verbal leasees, sharecroppers, etc.
Learn Along:
Rajasthan Rural Family Livelihood Loan Scheme- The Rajasthan government has implemented a rural livelihood
loan scheme under which 100,000 families in rural areas will be offered interest-free loans for non-agricultural works.
loans totaling ₹2000 crore will be given under the Rajasthan Rural Family Livelihood Loan Scheme. He added the state
government will provide an interest subsidy. Small farmers, landless labourers, and artisans will be eligible for the
scheme Loans will also be made available to individual members of self-help groups. Individual loans will be given to a
maximum of 10 members per group and the maximum loan amount will be ₹2 lakh.
Cabinet approves multi-state cooperative societies (amendment) bill 2022, to bring transparency in
doing business
 The union cabinet approves the multi-state cooperative societies (amendment) act. The decision was
made to improve the ease of doing business, increase financial discipline, and practice raising funds
in multi-state cooperative societies.The amendment bill movement was taken to make the governance
of multi-State Cooperative societies more transparent, accountable, and democratic.
 Multi-State cooperative societies (amendment) bill: Key details
o The bill, which tends to amend the multi-state cooperative societies act, of 2002, will enhance
governance and reform the electoral process.
o It’ll also strengthen the monitoring mechanism and improve the composition of the Board and
will boost transparency and accountability.
o The bill will involve the provisions of the 97th Constitutional Amendment. The multi-state cooperative
societies have been included with provisions relating to representing women and scheduled
caste and scheduled tribe members on the board to promote equity and encourage
inclusiveness.
o Provisions have been included for bringing in co-opted directors with banking, cooperative,
and management experience to promote professional development.

Monthly BeePedia
October 2022
o A provision for the applicant to get an additional two month time for rectification of errors have
also been introduced in the amendments to increase the ease of doing business by decreasing the
period of registration.
o The amendment also provides for electronic submission and issuance of documents thus giving
a comprehensive digital ecosystem for multi-state co-operative societies.
o The Bill also seeks to improve the composition of the board and ensure financial discipline,
besides the approval for raising funds in multi-state cooperative societies.
Learn Along:
Multi State Cooperative Societies ACT, 2002- An Act to consolidate and amend the law relating to co-operative
societies, with objects not confined to one State and serving the interests of members in more than one State, to
facilitate the voluntary formation and democratic functioning of co-operatives as people's institutions based on self-help
and mutual aid and to enable them to promote their economic and social betterment and to provide functional autonomy
,was being felt necessary by the various cooperative societies, and federation of various cooperative societies as well
as by the Government. In order to achieve the objective The Multi State Cooperative Societies Bill was introduced in
the Parliament.
India’s overall exports in Sept 2022 estimated to be $61.10 billion; merchandise exports up 4.8% to
$35.45 billion
 According to the data released by Ministry of Commerce & Industry,India’s overall exports in
September 2022 are estimated to be $61.10 billion, exhibiting a growth of 10.24 per cent over the same
period last year.While the overall imports in September 2022 are estimated to be $76.26 billion,
exhibiting a positive growth of 10.73 per cent over September 2021.
 India’s merchandise exports grew 4.8 per cent year-on-year (YoY) to $35.45 billion in September,
according to revised data released by the Commerce Ministry.
 Meanwhile, imports rose 8.66 per cent YoY to $61.16 billion in September. This resulted in a trade
deficit of $25.71 billion as against $22.47 billion last year. However, the deficit eased sequentially from
$27.98 billion in August, after hitting a record high of $30 billion in July.
 Preliminary trade data had pointed to a 3.5 per cent contraction in outbound shipments to $33.81 billion,
amid slowing demand for Indian goods due to a fear of recession in the advanced economies.The
growth in exports was 4.5 per cent on a sequential basis and nearly 17 per cent during the first six
months of the financial year (April-September).
Learn Along:
Ministry of Commerce & Industry Union Minister: Piyush Goyal
Merchandise exports -In merchandise exports, the goods are sent from the home country to various other countries.
Example: For instance, Singapore sells its goods to Sweden; that means Singapore exports its commodities
A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as
a negative balance of trade (BOT).
One year of GatiShakti: Govt sets hefty new targets
 As the PM GatiShakti programme completes one year, the government has now set highly ambitious
medium-term targets for various infrastructure ministries.
 The cumulative highways construction under the ministry of road transport and highways is now
targeted to be raised to 200,000 km by FY25 from 141,190 km in the last fiscal. Similarly, the freight

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October 2022
loading by the railways will be enhanced to 1,600 million tonne by FY25 from 1,410 million tonne in
FY22.
 The number of airports, heliports, water aerodromes, including those under the UDAN scheme,
are targeted to be increased to 220 by FY25 from 140 in FY22. The cargo handing at ports is to be
raised to 1,759 million tonne per annum (MTPA) from 1,189 MTPA. The 20,000-km-long oil and gas
pipeline network in the country will be extended to 34,500 km by FY25.
 The new and renewable energy capacity is targeted to be raised to 225 gigawatts by FY25 from 87.7
gigawatts last fiscal. Similarly, the number of panchayats which will be connected to the optical fibre
cable is proposed to be raised to over 260,000 from 175,827.
 As many as 393 infrastructure projects, each entailing an investment of Rs 150 crore or above,
witnessed cost overruns of as much as Rs 4.66 trillion until August. While the total original cost of
1,526 projects, which are under execution was Rs 21.26 trillion, their anticipated completion cost is now
likely to shoot up to Rs 25.92 trillion, reflecting a cost overrun of almost 22%.
 All large infrastructure projects of Rs 500 crore each and critical ‘missing-link’ projects (those that typically
connect two or more important projects where no link currently exists) are now covered under this
initiative.
Learn Along:
PM GatiShakti programme -Prime Minister Narendra Modi on August 15, 2021, announced the 'Pradhan Mantri Gati
Shakti National Master Plan' worth Rs 100 trillion. The holistic infrastructure development programme known as
'Gatishakti', plans to improve the productivity of industries and employment opportunities. It is considered to be the
government's integrated approach to developing modern railways, roadways, waterways and airways.This national
master plan lays the foundation of the overall infrastructure in the country and provides an integrated and holistic path
to the economy. The Rs 100 trillion project is aimed at easier inter-connectivity between road, rail, air and waterways
to reduce travel time and enhance industrial productivity.
Punjab secures another investment in IT sector through TestingXperts
 World’s fifth largest pure-play quality assurance and software testing company TestingXperts has
announced that it will open a state-of-the-art innovation and delivery centre in the state of Punjab,
generating direct employment for 3,000 people and indirect employment of over 5,000 people with
an investment of $20 million.
 The ‘Invest Punjab’ initiative has ensured more investors and ease of business in the state leading to
investments in the IT and electronics sector to the tune of Rs 770 crore in FY 2021-22, an increase of
nearly 67% over the previous financial year.
Learn Along:
TestingXperts Headquarters: Chandigarh CEO: Manish Gupta
Google Cloud gets MeitY nod to partner with public sector firms
 Google Cloud has announced its empanelment by the Ministry of Electronics and Information
Technology (MeitY), allowing it to apply cloud technology to solve complex problems for
government organizations.With the empanelment, referred to as the MeitY accreditation, Google is now
positioned to fully partner with India’s public sector organisations to become an active participant in
India’s digital transformation initiatives, especially Project Meghraj that aims at making a multi-level,
national cloud-sharing foundation giving affordable, secure, and safe data storage for everyone.
 In other words, this empanelment enables the Indian public sector, including government agencies at
the centre and state levels, and public sector units (PSUs) in sectors such as power, banking financial

Monthly BeePedia
October 2022
services and insurance (BFSI), transportation, oil and gas, public finance, and others, to deploy
Google Cloud.
Learn Along:
Google Headquarters: California,US CEO: Sundar Pichai
Ministry of Electronics and Information Technology Union Minister: Ashwini Vaishnaw
75 digital banking units inaugurated , including 2 of J-K Bank
 To deepen financial inclusion, 75 digital banking units (DBUs) of different banks were inaugurated
across the country of which two are of Jammu and Kashmir Bank.As part of the Union budget 2022-
23, Finance Minister Nirmala Sitharaman had announced the setting up of the 75 DBUs in as many
districts of the country to commemorate 75 years of India’s Independence.
 The DBUs are being set up to ensure that the benefits of digital banking reach every nook and corner of
the country. DBUs will provide a variety of digital banking facilities to people such as opening a
savings account, account balance check, printing passbook, funds transfer, fixed deposit
investments, loan applications, application for credit or debit cards, and bill and tax payments
among others.
Learn Along:
Jammu & Kashmir Bank Headquarters: Srinagar MD & CEO: Baldev Prakash
NCLT extends Reliance Capital debt resolution deadline to January,2023
 The National Company Law Tribunal (NCLT) has extended the deadline to complete the debt
resolution process of Reliance Capital to January,2023 from November 1,2022. This is the third time
the deadline has been extended as the lenders seek better offers from the bidders.
 Earlier, Reliance Capital lenders had given an extension of 30 days to bidders for submission of binding
bids, along with a deposit of Rs 75 crore by October 31. The deadline for the binding offer is also
expected to be extended.
Learn Along:
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to
Indian companies. The tribunal was established under the Companies Act 2013 on the recommendation of the V.
Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
NCLT President: Ramalingam Sudhakar
Jio overtakes BSNL to become largest landline service provider in August,2022
 According to the data released by the Telecom Regulatory Authority of India (TRAI), Reliance Jio
became the largest landline service provider in the country for the first time, in August. With 7.35 million
landline connections as on August 31, Reliance Jio beat state-owned telecom operator and o market
leader BSNL’s 7.13 million connections.Third-placed MTNL provided 2.6 million connections.
Learn Along:
RIL Headquarters: Mumbai CEO: Mukesh Ambani
BSNL Headquarters: New Delhi CEO: Pravin Kumar Purwar
MTNL Headquarters: New Delhi CEO: Sunil Kumar
TRAI Headquarters: New Delhi Chairperson: : Ram Sewak Sharma

Monthly BeePedia
October 2022
After wheat, iron ore, Railways raises wagon registration fee for all goods
 Ministry of Railways has now made a fourfold increase in the charges for all goods months after it
hiked wagon registration charges of wheat and iron ore to curb exports.The registration charges to
book a wagon have been revised to Rs 6,000 per wagon, as against Rs 1,500 earlier. Moreover, the
charge for booking an entire rake, or goods train, has been revised to Rs 100,000 from the earlier Rs
50,000.
 The wagon registration fee is a subset of total freight charges and the hikes will not have any significant
impact on the overall freight rates. The new policy is only to ensure that non-serious transporters don’t
choke the wagon supply by booking more than they need.
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Ministry of Railways Union Minister: Ashwini Vaishnaw
CCI slaps penalties totalling Rs 392 cr on MakeMyTrip, Goibibo, OYO
 The Competition Commission slapped penalties totalling more than Rs 392 crore on online travel
firms MakeMyTrip, Goibibo and hospitality services provider OYO for unfair business practices.A
fine of Rs 223.48 crore has been slapped on Make My Trip-Goibibo (MMT-Go) and Rs 168.88 crore
on OYO.
 Among others, it was alleged that MMT-Go imposed a price parity in their agreements with hotel partners.
Under such pacts, the hotel partners are not allowed to sell their rooms on any other platform or on its
own online portal at a price below the price at which it is being offered on the two entities' platforms.
Learn Along:
The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern
competition laws. The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and
regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable
adverse effect on competition within India.
Competition Commission of Headquarters: New Delhi Chairman: Ashok Guptha
India
Make My Trip Headquarters:Gurugram CEO: Rajesh Magow
GoIbibo Headquarters: Gurugram CEO: Sanjay Bhasin
OYO Headquarters: Gurugram CEO: Ritesh Agarwal
CCI slaps Rs 1,337.76 crore penalty on Google for unfair trade practices; also a 936 crore fine on
Google on Play Store policies
 The Competition Commission of India (CCI) imposed a penalty of Rs 1,337.76 crore on Google for
allegedly misusing its dominant position in multiple markets in the Android mobile device ecosystem and
violating Section 4 of the Competition Act.The CCI also issued order against Google, asking it to refrain
from unfair business practices, and directed the tech giant to modify its conduct within a defined
timeline.
 The Competition Commission of India (CCI) slapped a penalty of Rs 936.44 crore on search engine giant
Google for misusing its dominant position with respect to its Play Store policies.The regulator has issued
a cease-and-desist order, suggesting eight corrective measures including providing access to third-party
billing payment processing systems on its Play Store.

Monthly BeePedia
October 2022
Learn Along:
Google Headquarters: California, United States CEO: Sundar Pichai
Yes Bank gets CCI approval to sell up to 10% stake each to Carlyle, Verventa Holdings
 India's competition regulator has given its nod for Yes Bank to sell 10% stake each to global private
equity investors The Carlyle Group and Verventa Holdings (an affiliate of Advent International).In July,
the private lender's board had approved raising Rs 8,898 crores in equity capital from Carlyle and
Advent International and they had the option of acquiring 10% stake each in the bank.
Learn Along:
Yes Bank Registered & Coporate Office: Mumbai CEO: Prashant Kumar
The Carlyle Group Headquarters: Washington, D.C., United States CEO: William E. Conway, Jr
REC, PFC to provide Rs 8,520 crore finance for Buxar thermal power plant
 State-owned REC Ltd and Power Finance Corporation have inked a pact to provide Rs 8,520.92
crore finance for setting up a 1,320 MW thermal power plant at Buxar by SJVN Thermal Private
Ltd.The total estimated project cost is Rs 12,172.74 crore with debt requirement of Rs 8,520.92
crore. As per the agreement, the debt requirement shall be financed by REC and PFC.
Learn Along:
REC Ltd Headquarters: New Delhi CMD: Vivek Kumar Dewangan
Power Finance Corp. Headquarters: New Delhi CMD: Ravinder Singh Dhillon
India’s mineral output registers cumulative growth of 4.2 pc in April-August period
 The country’s mineral output registered a cumulative growth of 4.2 per cent in the first five months
of this fiscal compared to the year-ago period.However, the index of mineral production of mining and
quarrying sector during August was at 99.6, which was 3.9 per cent lower as compared to the level in
August last year, according to the data of Indian Bureau of Mines (IBM).
 Coal, lead conc, zinc conc and limestone are important minerals which have shown positive growth
in August.The important minerals that have shown negative growth includes natural gas (U),
manganese ore, petroleum (crude) and magnesite.
Learn Along:
Indian Bureau of Mines Headquarters: Nagpur Head: Pralhad Joshi
Grant of Rs. 1,764 crore released to States for Million Plus Cities/Urban Agglomerations
 The Department of Expenditure, Ministry of Finance released an amount of Rs. 1,764 crore to 4
States for providing grants to Million Plus Cities/Urban Agglomerations. The States to which grants were
released are Andhra Pradesh (Rs. 136 crore), Chhattisgarh (Rs. 109 crore), Maharashtra (Rs. 799
crore) and Uttar Pradesh (Rs. 720 crore).
 The 15th Finance Commission (15th F.C.) in its report for the period from 2021-22 to 2025-26 has
divided the Urban Local Bodies into two categories: (a) Million-Plus urban agglomerations/cities
(excluding Delhi and Srinagar), and (b) all other cities and towns with less than one million population
(Non-Million Plus cities). The 15th F.C. has recommended separate grants for them. Out of the total grants
recommended by the Commission for Million Plus Cities/ Urban Agglomerations (MPC/UAs), more than

Monthly BeePedia
October 2022
2/3rd is recommended for Solid Waste Management component and the remaining 1/3rd is
allocated for Ambient Air quality.
 Total grant of Rs. 4,761.8 crore released to Urban Local Bodies (ULBs) so far in 2022-23.
Learn Along:
Urban Local Bodies (ULBs) are small local bodies that administers or governs a city or a town of specified population.
Urban Local Bodies are vested with a long list of functions delegated to them by the state governments. These functions
broadly relate to public health, welfare, regulatory functions, public safety, public infrastructure works, and development
activities.
Fresh formal job creation falls below 1-million mark in August: EPFO
 According to the latest payroll data released by the Employees’ Provident Fund Organisation, the
number of fresh formal jobs created in August fell below the 1-million mark for the first time in five months,
declining 11.9 per cent from July levels.
 New Employees’ Provident Fund (EPF) subscribers in August saw a sharp decline to 986,850, from
1,119,698 in July. Enrolment of new female subscribers fell faster (12.5 per cent) than their male
counterparts (11.6 per cent) in August, compared with the previous month.Of the new EPF subscribers
added in August, 575,570 subscribers are in the 18-25 age group, down 10.5 per cent from the 643,038
subscribers in July.
Learn Along:
EPFO is a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952
and is under the administrative control of the Ministry of Labour and Employment
EPFO Headquarters: New Delhi Central PF Commissioner: Neelam Rao
All-India CPI Numbers for Agricultural & Rural Labourers – September 2022
 The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers
(Base: 1986-87=100) for the month of September, 2022 increased by 9 points each to stand at 1149
(One thousand one hundred and forty-nine) and 1161 (One thousand one hundred and sixty-one) points
respectively.
 The major contribution towards the rise in the general index of Agricultural Labourers and Rural
Labourers came from the food group to the extent of 7.12 & 6.92 points respectively mainly due to
increase in prices of rice, wheat-atta, bajra, jowar, ragi, pulses, milk, ghee, salt, onion, chilies dry, sugar,
vegetables & fruits, gur, etc.
 Point to point rate of inflation based on the CPI-AL and CPI-RL stood at 7.69% & 7.90% in Septemer,
2022 compared to 6.94% & 7.26% respectively in August, 2022 and 2.89% and 3.16% respectively
during the corresponding month of the previous year. Similarly, food inflation stood at 7.47% & 7.52%
in September, 2022 compared to 6.16% & 6.21% respectively in August, 2022 and 0.50% & 0.70%
respectively during the corresponding month of the previous year.
Learn Along:
CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) is
released by Labour Bureau.
NAREDCO sets up finance committee to help builders in getting funds
 National Real Estate Development Council (NAREDCO), under the Ministry of Housing and Urban
Affairs (MoHUA) has formed a Finance Committee (NFC) to enable developers easy access to funds

Monthly BeePedia
October 2022
based on merit and viability of the projects.The Committee will operate as a one-stop-shop,
aggregating financing options from multiple large financial institutions. The NFC will also support
large-scale projects to access funds via financial institutions and educate members to enhance their
credit ratings.
Learn Along:
NAREDCO Headquarters: New Delhi Chairman: Rajeev Talwar
Ministry of Housing and Urban Affairs (MoHUA) Union Minister: Hardeep Singh Puri
RIL to demerge subsidiary RPPMSL's EPC business, combine it with its own
 Reliance Industries approved to demerge the engineering, procurement and construction (EPC)
and infrastructure undertaking of its subsidiary Reliance Projects and Property Management Services
(RPPMSL).After the demerger, this undertaking, together with the existing EPC team of RIL, would create
a focused EPC undertaking to cater to the needs of the group. The focused EPC undertaking will
aggregate and synergise engineering capabilities and expertise of the group.
Learn Along:
Engineering, Procurement, and Construction (EPC) is a particular form of contracting arrangement used in some
industries where the EPC Contractor is made responsible for all the activities from design, procurement, construction
to commissioning and handover of the project to the End-User or Owner.The engineering and construction contractor
will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and
then construct to deliver a functioning facility or asset to their clients.
ESIC-run social security scheme adds 1.46 mn new members in Aug: NSO Report
 According to the data provided in Payroll Reporting in India: An Employment Perspective - August 2022
released by the National Statistical Office (NSO), around 14.62 lakh new members joined the ESIC-run
social security scheme in August 2022.
 The NSO report is based on the payroll data of new subscribers of various social security schemes run
by ESIC, the Employees' Provident Fund Organisation (EPFO) and the Pension Fund Regulatory
and Development Authority (PFRDA).
 It showed that the gross new enrolments with Employees' State Insurance Corporation (ESIC) rose to
1.49 crore in 2021-22, from 1.15 crore in 2020-21. It was 1.51 crore in 2019-20 and 1.49 crore in 2018-
19.From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC
scheme.The report showed that gross new enrolments with ESIC from September 2017 to August 2022
were 7.22 crore.According to the report, net new enrolments with retirement fund body EPFO stood at
16.94 lakh in August 2022.
Learn Along:
Employees' State Insurance Corporation (ESIC) is a government organisation that manages the Employees' State
Insurance (ESI) scheme. The scheme basically provides medical and financial assistance to the employees and their
families.The assistance is provided when an employee is unable to perform his duties due to sickness, employment
injury, or maternity.
ESIC Headquarters: New Delhi Director General: Rajendra Kumar
EPFO is a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952
and is under the administrative control of the Ministry of Labour and Employment

Monthly BeePedia
October 2022
EPFO Headquarters: New Delhi Central PF Commissioner: Neelam Rao
NSO Headquarters: New Delhi Chairperson: Bimal Kumar Roy
Finance Ministry extends ITR filing deadline for companies till November 7,2022 - CBDT
 The Finance Ministry extended the deadline for filing income tax returns for the assessment year
2022-23 by businesses till November 7,2022.The last date for filing ITR by companies who are
required to get their accounts audited was October 31.The Central Board of Direct Taxes (CBDT), the
apex decision-making body in matters of income and corporate tax,announced that since it had last
month extended the deadline for filing audit reports, hence the ITR filing due date too is extended.
Learn Along:
CBDT Headquarters: New Delhi Chairman: Nitin Gupta
Income Tax Return (ITR) is a form which a person is supposed to submit to the Income Tax Department of India. It
contains information about the person's income and the taxes to be paid on it during the year.
The Netherlands beats China, becomes India’s third-largest export market
 The Netherlands has emerged as India’s third-largest export destination, ahead of China and
Bangladesh. It has moved up two spots in the list of India’s top ten export destinations since FY22
 Brazil, which occupied the 21st spot in FY22, is now India’s 8th biggest export market. Similarly,
Indonesia has moved up seven notches to grab the 7th position. However, amid a demand
slowdown, only two European nations—the Netherlands and the UK–are among India’s top ten
markets, against 4 in FY22. Germany and Belgium, which featured in the list last fiscal, are out of it
now.Meanwhile, the US and the UAE continue to be the largest and second-largest export
destinations, respectively, for India. The exports to the US climbed 18.3% until August to $35.2 billion,
while those to the UAE shot up 27.3% to $13.8 billion.
PM launches Rojgar Mela, a recruitment drive for 10 lakh personnel
 Prime Minister Narendra Modi launched Rozgar Mela, the drive to recruit 10 lakh personnel in
government and PSUs. At the inauguration of the drive, PM Modi will hand over appointment letters to
75,000 new appointees.
 The new recruits, selected from across the country, will join 38 Ministries/Departments of the Centre
at various levels. The posts on which appointments are being made include Central Armed Force
Personnel, Sub Inspector, Constable, LDC, Steno, PA, Income Tax Inspectors, and MTS, among others.
For expeditious recruitment, selection processes have been simplified and made tech-enabled.
384 infrastructural projects show cost overruns of Rs 4.52 trillion
 According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure
projects of Rs 150 crore and above, out of 1,529 projects, 384 reported cost overruns of more than
Rs 4.52 lakh crore and as many as 662 projects were delayed.
 Total original cost of implementation of the 1529 projects was Rs 21,25,851.67 crore and their
anticipated completion cost is likely to be Rs 25,78,197.18 crore, which reflects overall cost overruns

Monthly BeePedia
October 2022
of Rs 4,52,345.51crore. According to the data, the expenditure incurred on these projects till September
2022 was Rs 13,78,142.29 crore, or 53.45 per cent of the anticipated cost of the projects.
Learn Along:
Ministry of Statistics & Programme Implementation Union Minister: D. V. Sadananda Gowda
PMEGP scheme enables over 25,000 new enterprises, over 2 lakh jobs in H1 FY23
 The government scheme to provide financial assistance to individuals setting up new enterprises —
Prime Minister’s Employment Generation Programme (PMEGP) has enabled 25,105 new units with
Rs 802 crore subsidy extended and 2,00,840 jobs generated so far in the current fiscal.
 The half-year performance has already surpassed 1,406 enterprises set up and 11,776 jobs generated
in the entire FY22, as per the latest data. The margin money extended stood at Rs 64 crore.The
government had extended the scheme over the 15th Finance Commission Cycle from 2021-22 to 2025-
26 with an outlay of Rs 13,554.42 crore.The extension will create sustainable estimated employment
opportunities for about 40 lakh people in five financial years.
Learn Along:
The Prime Minister’s Employment Generation Programme (PMEGP) is a scheme launched in 2008 & is offered to
provide financial assistance to those who wish to set up new enterprises under the programme. The nodal agency
responsible for the implementation of the scheme at the national level is the Khadi and Village Industries Commission
(KVIC). The scheme is implemented via State Khadi and Village Industries Commission Directorates, District Industries
Centres, State Khadi and Village Industries Board, and banks at the state level .
16000 crore deal backed by Uttar Pradesh govt for data centre projects
 Uttar Pradesh, which is looking to become a major data centre player in the South Asian region, has
bagged projects worth Rs 16,000 crore in the new-age sector.A data centre is a facility that houses
shared information technology (IT) activities and equipment to store, process, and disseminate
information and applications.
 The government is in the process of amending its existing data centre policy to attract more private sector
investors.Under this proposed policy, the state is planning to set up smaller capacity data centres in the
hinterland across the state. The policy will aim to attract private sector investment to attain Rs 30,000
crore in the next five years.
Learn Along:
About Uttar Pradesh
Capital: Lucknow Chief minister: Yogi Adityanath Governor: Anandiben Patel
Capex loan amounting to Rs. 30000 crores released to states
 The Centre has accelerated disbursement of the 50-year interest-free capex loans to the state
governments by releasing about Rs 30,000 crore or 50% of the amount sanctioned so far in the current
fiscal year. The Centre launched a Rs 1 trillion scheme for FY23 to help states maintain their capital
expenditure momentum, even after the end of the goods and services tax (GST) compensation.
 So far, Rs 60,200 crore has been sanctioned to about 22 states, of which about Rs 30,000 crore has
been disbursed. The beneficiary states so far include Uttar Pradesh, Tamil Nadu, Bihar, Chhattisgarh,
Karnataka, Maharashtra, Haryana, Madhya Pradesh, Jharkhand, Goa, Himachal Pradesh,
Meghalaya, Assam, Manipur, Nagaland, Sikkim, Arunachal Pradesh and Tripura.
Learn Along:

Monthly BeePedia
October 2022
Capital expenditure is the money spent by the government on the development of machinery, equipment, building,
health facilities, education, etc. It also includes the expenditure incurred on acquiring fixed assets like land and
investment by the government that gives profits or dividend in future.
25.25 crore e-KYC transactions carried out using Aadhaar in September; over 175 crore
authentications done during the month
 In September alone, 25.25 crore e-KYC transactions were executed via Aadhaar, almost 7.7% jump
in such transactions when compared with August.An e-KYC transaction is done, only with the explicit
consent of the Aadhaar holder, and eliminates physical paperwork, and in-person verification
requirement for KYC.
 The cumulative number of e-KYC transactions via Aadhaar so far has increased to 1297.93 crore by
the end of September 2022.Cumulatively, 1549.84 crores of last mile banking transactions have been
made possible through the use of Aadhaar Enabled Payment System (AEPS) and the network of micro
ATMs so far by the end of Sept 2022.
 In September alone, 21.03 crore number of AEPS transactions were carried out across India.During
the month of September, residents successfully updated more than 1.62 crore Aadhaars as against
1.46 crore such updates carried out in August.
Learn Along:
Aadhaar Enabled Payment System (AEPS) is a type of payment system that is based on the Unique Identification
Number and allows Aadhaar card holders to seamlessly make financial transactions through Aadhaar-based
authentication. The AEPS system aims to empower all sections of the society by making financial and banking services
available to all through Aadhaar. AEPS is nothing but an Aadhaar-enabled payment system through which you can
transfer funds, make payments, deposit cash, make withdrawals, make enquiry about bank balance, etc.
Zee, Sony agree to sell three Hindi channels to address CCI concerns
 Sony India and Zee Entertainment Enterprises (ZEEL) have agreed to sell three Hindi channels--
Big Magic, Zee Action and Zee Classic--to address anti-competition concerns arising out of their
proposed merger.
 All three channels belong to the Zee network. While Big Magic is a Hindi general entertainment channel,
Zee Action and Zee Classic are Hindi-language film channels. The two players have a combined
viewership share of 36 per cent in Hindi general entertainment, according to year-to-date data from
the Broadcast Audience Research Council of India (BARC).
 Zee and Sony agreed to the modification after CCI felt that the deal would cause an appreciable
adverse effect on competition. The Zee-Sony combine will become India’s second-largest
entertainment network by revenue with over 75 television (TV) channels, along with two video
streaming services — ZEE5 and SonyLIV. It will also house two film studios — Zee Studios and Sony
Pictures Films India — and a digital content studio (Studio NXT).
Learn Along:
Sony India Headquarters: New Delhi CEO: Sunil Nayyer

Monthly BeePedia
October 2022
Zee Entertainment Enterprises Headquarters: Mumbai CEO: Punit Goenka
Broadcast Audience Research Council Headquarters: Mumbai CEO: Nakul Chopra
Zoho joins govt’s e-commerce platform ONDC to help small businesses; Shiprocket becomes first
inter-city logistics provider to join ONDC network
 Software company Zoho has integrated its e-commerce platform Zoho Commerce with the
government’s e-commerce project Open Network for Digital Commerce (ONDC) as a technology
service provider (TSP) to help sellers including small businesses leverage the open network and
widen their customer base.
 Shiprocket, a shipping and logistics solutions provider, has gone live on the government’s Open
Network for Digital Commerce (ONDC). It is the first inter-city logistics provider to plug into the ONDC
network, enabling sellers from all segments to ship products to cities and towns across India.Shiprocket,
which serves more than 100,000 customers, will enable sellers from 24,000 pin codes to select
delivery partners to ship products across India, through both cash-on-delivery and pre-paid options.
Learn Along:
Zoho Corporation Headquarters: Chennai CEO: Sridhar Vembu
About Shiprocket
 Shiprocket is a Logistics Technology Platform which is backed by several large investors including Zomato,
Temasek Holdings and Lightrock India.
 The company was founded in 2017 by Saahil Goel, Vishesh Khurana, Gautam Kapoor, and Akshay Gulati,
as a technology-backed logistics service provider to small and medium-sized businesses (SMEs).
goods and services.
Hindustan Copper pays Rs 74.20 crore as dividend to the government
 Hindustan Copper Ltd, a Miniratna Category-I PSU (Schedule A), under the Ministry of Mines, has
paid a dividend of Rs.74.20 crore to the Government of India for FY 2021-22 being 30.01 % of Profit
After Tax (PAT) in compliance of DIPAM guidelines. This is equivalent to 23.20% of equity share
capital.During FY’22, the company achieved the highest-ever net turnover of ₹1,812 crores and Profit
Before Tax of ₹381.76 crores. The company is currently implementing its mine expansion plan to
achieve 12.2 million tons per annum ore production.
Learn Along:
Hindustan Copper Headquarters: Kolkata CMD: Arun Kumar Shukla
Ministry of Mines Union Minister: Pralhad Joshi
Department of Investment and Public Asset Management (DIPAM) deals with all matters relating to management
of Central Government investments in equity including disinvestment of equity in Central Public Sector Undertakings.
The Four major areas of its work relates to Strategic Disinvestment, Minority Stake Sales, Asset Monetisation and
Capital Restructuring. It also deals with all matters relating to sale of Central Government equity through offer for sale
or private placement or any other mode in the erstwhile Central Public Sector Undertakings.
It is working as one of the Departments under the Ministry of Finance.

Monthly BeePedia
October 2022
Profit After Tax refers to the amount that remains after a company has paid off all of its operating and non-operating
expenses, other liabilities and taxes. This profit is what is distributed by the entity to its shareholders as dividends or is
kept as retained earnings in reserves.
Also known as Earnings Before Tax (EBT), Profit Before Tax (PBT) is the measure of the company’s profit before
the payment of corporate income tax. It is listed on the income statement of the company. The primary purpose was
for the company owners to estimate how much profit the company is really making without factoring in varying tax rates
and structures.
Vedanta arm wins 10-year production sharing contract for Rajasthan block
 Cairn Oil & Gas, a Vedanta Ltd unit, has secured approval from the government to extend the
production sharing contract (PSC) for its Rajasthan block for ten years until May 2030. This contract
extension will increase capex investment and encourage private players entering the sector.This
extension will be a key determinant in the goal of doubling production, and help India achieve energy
self reliance.
Learn Along:
Vedanta Group Headquarters: Mumbai CEO: Sunil Duggal
Steel Authority of India Limited (SAIL) crosses Rs 10,000 Crore Procurement Value on GeM
 Steel Authority of India Limited (SAIL) ,becomes the first Central Public Sector Enterprise (CPSE) to
achieve the major milestone of procurement value of Rs 10,000 crore through the Government-e-
Marketplace (GeM) since inception.
 SAIL has been at the forefront in partnering with GeM and has played an active role to create different
functionalities to enhance the reach of the GeM portal.From a small beginning of Rs. 2.7 Crore in FY'18-
19, SAIL has already crossed the total value of Rs. 10,000 Crore in this year. Incidentally, SAIL was the
largest CPSE procurer on GeM in the previous Financial Year with a value of Rs. 4,614 Crore.
Learn Along:
Steel Authority of India Headquarters: New Delhi CEO: Soma Mondal
The Government e-Marketplace is an online platform for public procurement in India. The initiative was launched on
August 9, 2016, by the Ministry of Commerce and Industry, Government of India with the objective to create an open
and transparent procurement platform for government buyers. Prashant Kumar Singh is the CEO of this platform.
Central Public Sector Enterprises (CPSEs) are those companies in which the direct holding of the Central
Government or other CPSEs is 51% or more.
Indian Bank offers bouquet of digital products under Project Wave
 Public sector lender Indian Bank has rolled out six new digital initiatives under ‘Project WAVE’ for
enhancing customer experience through integrated services on its digital platform.Indian Bank along with
Universal Sompo General Insurance will provide online vehicle and health insurance through its
mobile banking app IndOASIS.
 This digital collaboration would enable the bank’s customers to access and buy general insurance
products digitally, anytime, anywhere, thus augmenting the insurance inclusion in India.Under the co-

Monthly BeePedia
October 2022
lending arrangement, Indian Bank has partnered with Rupeek Capital Pvt. Ltd, to offer jewel loans at
customer doorsteps.
 The entire gold loan journey will be through digital platform and not require any physical visit to the bank
branch by the customer.Indian Bank has now extended e-overdraft facility against term deposits
opened at branches by individual customers. Earlier it was offered for e-deposits only.
 Pre-Approved Personal Loan (PAPL) has now been extended to self-employed customers as well
alongwith salaried customers and pensioners.
Learn Along:
Indian Bank Headquarters: Chennai CEO: Shri Shanti Lal Jain
Universal Sompo General Insurance Company Headquarters: Mumbai CEO: Sharad Mathur
Rupeek Capital Pvt. Ltd Headquarters: Bengaluru CEO: Sumit Maniyar
Russia emerges as India's 7th largest trading partner; bilateral trade reaches record high between
Apr-Aug
 According to the data provided by the Department of Commerce ,India’s bilateral trade with Russia
between April and August skyrocketed to a record high despite pressure from West to curb energy
imports from the sanctions-hit aggressor of Ukraine. India-Russia trade figure during the five-month
period of the financial year 2022-23 clocked $18,229.03 million.
 Out of the total India-Russia bilateral trade of $18,229.03 million during the five months, imports
accounted for $17,236.29 million, while exports to Russia stood at just $992.73 million. Imports from
Russia surged over 500% year-on-year during the months of June, July, and August.
 Petroleum oil and other fuels products such as mineral fuels, mineral oils and products of their distillation;
bituminous substances; mineral waxes accounted for 84% or $14,476.52 million of the India’s total
imports from Moscow between April and August 2022. Fertilisers and fuels collectively constituted 91%
of the total imports from Russia during the year.
 Due to the surge since April, Russia has emerged as India’s seventh-largest trading partner after US,
China, UAE, Saudi Arabia, Iraq, and Indonesia in the first five months of 2022-23.
Learn Along:
Ministry of Commerce and Industry Union Minister: Piyush Goyal
Ministry of Railways readies Rs 90,000 crore projects for freight optimisation
 The Ministry of Railways will roll out projects worth Rs 90,000 crore in the coming months to remove
bottlenecks in the movement of freight.The projects will be sanctioned in the coming months, and will
help us realise the aspiration of loading 3,000 million tonnes (mt) of goods.
 Under Mission 3000, the government intends to double its cargo loading from 1,418 mt in 2021-22 to
3,000 mt by 2027.
Learn Along:
Ministry of Railways Union Minister : Ashwini Vaishnaw
Mission 3000 MT-With the aim of achieving an ambitious target of 3000 million tons loading by 2027, Indian Railways
has formulated an action plan for making requisite policy and strategic interventions prioritising capacity enhancement
works to induce the desired result in a time bound manner.
Road transport, and highways sector has the maximum number of delayed projects-Govt data

Monthly BeePedia
October 2022
 According to the report shown by the government,the road transport and highways sector has the
maximum number of delayed projects at 300, followed by railways at 119 and petroleum sector at
90.In the road transport and highways sector, 300 out of 825 projects are delayed. In railways, out of
173 projects, 119 are delayed, while for petroleum, 90 out of 142 projects are delayed.
India is ramping up visa processing in UK, announces new process for group tours
 The Indian High Commission in the UK is opening a new visa processing facility in central London to
increase access from November 1, 2022. A new process is also being introduced for those travelling
together to the same destination on the same flight. Tourists will also have the option of a visa at
doorstep service for a fee.
Learn Along:
Indian High Commission in UK Headquarters: London High Commissioner: Vikram Doraiswami
68,324 two-wheeler EVs sold in Oct,2022 , highest in 2022
 Electric two-wheeler registrations have hit an all-time high for 2022, touching close to 68,324
vehicles in the month of October (till October 30) this year, an increase of 29 percent over the last
month.With this latest figure, electric two-wheelers now account for around 4 percent of total two-
wheeler registrations (internal combustion engine — ICE — and electric) between January-October.
 The top two-wheeler manufacturers were led by Ola Electric which registered over 15,000 vehicles, the
highest for any company in the electric two-wheeler space this year. Then come Okinawa, Ampere,
Ather Energy and Bajaj Auto which have clocked up their highest registration numbers for electric
two-wheelers in October.
Learn Along:
Ola Electric Headquarters: Bengaluru Founder: Bhavish Aggarwal
RIL becomes first Indian company to post earnings call on metaverse
 Reliance Industries Limited (RIL) posted the proceedings of its Q2 FY 2022-23 earnings call on the
metaverse. This is the first time in the history of corporate India that a company has used metaverse to
engage with its stakeholders.The RIL metaverse was produced in partnership with GMetri, a no-code
metaverse creation platform. One doesn't need to wear an AR/VR headgear to access it.
Learn Along:
GMetri Headquarters: Bengaluru CEO: Utsav Mathur
Recent Developments & MoUs -
Organization Name News Learn Along

ICCR Ease Search In Sanskrit-Indian Council for Cultural ICCR
& Relation (ICCR) and Google are collaborating to improve

Monthly BeePedia
October 2022

Google the Sanskrit translation experience. This will help Google Headquarters: New Delhi
improve artificial intelligence or machine learning technology
President: Vinay
for translating Sanskrit text to various other languages and
Sahasrabuddhe
vice versa. The MoU with Google will ease searching the
Internet in Sanskrit and provided the search engine giant one Google
lakh commonly used sentences in the language with their
Headquarters: California,
English and Hindi translations.
United States
CEO: Sundar Pichai
Google Accelerator Support 20 women-led start-ups in first cohort- Google has

announced the first class of 20 women founded/co-founded
Google
start-ups for the inaugural cohort of its “Google for Startups
Accelerator - India Women Founders” programme. This Headquarters: California,
United States
programme is part of a larger effort by Google towards
improving the representation of women across different CEO: Sundar Pichai
sections of India’s digitally-trained workforce - be it
entrepreneurship, professionals looking to upskill or young
graduates seeking a head start on their career - with the
ultimate objective of making technology universally
relevant and helpful.
Punjab National Bank WhatsApp banking for customers and non-customers-In PNB
an effort to make banking services more accessible, state- Headquarters: New Delhi
owned Punjab National Bank (PNB) has introduced banking
services through WhatsApp for both customers and non- MD & CEO: Atul Kumar Goel
customers. At present, PNB would be offering non-financial
services such as balance inquiry, last five transactions, stop
cheque, request cheque book to its account holders through
the WhatsApp banking service.
JSW Cement Rs 400 crore as sustainability-linked loan from MUFG JSW Cement
Bank- JSW Cement raised Rs 400 crore from MUFG Bank
Headquarters: Mumbai
India as its first sustainability-linked loan. The Sajjan Jindal-
led company plans to deploy the fund for capital expenditure MD & CEO: Parth Jindal
to achieve its annual capacity target of 25 million tonne by
FY25 & achieve its environmental, social, and governance
(ESG) objectives.
State Bank of India Gram Seva Program-The State Bank of India announced SBI
that it will adopt 30 remote villages across India under the 4th
phase of the ‘SBI Gram Seva’ program. Under the flagship
scheme of the SBI Foundation, the bank will adopt remote Chairperson: Dinesh Kumar
villages across Aspirational Districts in Haryana, Gujarat, Khara
Maharashtra, Punjab, Tamil Nadu, and West Bengal.Launched
under the Corporate Social Responsibility of the bank, the
program emphasises a comprehensive development of

Monthly BeePedia
October 2022

villages by active intervention in areas like education,
healthcare, livelihoods, and infrastructure.
Adani Group Two new subsidiaries created-Adani Enterprises,

announced the formation of a wholly-owned subsidiary, Adani
Adani Group
Disruptive Ventures (ADVL). It also announced the formation
of another subsidiary, Alwar Alluvial Resources Headquarters:
(AARL).AVDL has its mission is to partner with businesses Ahmedabad
and entrepreneurs who are looking to create solutions Founder:Gautam Adani
through disruptive technology, and help them scale up their
ventures. AARL will be engaged in the manufacturing and
processing of minerals, TiO2 slag manufacturing, pigment
manufacturing and to will undertake all necessary and
incidental activities in this regard.
NPCI Cooperation in digital finance and payments-An agreement NPCI

& Central Bank of is to be signed between the National Payments Corporation
Headquarters:
Oman (CBO) of India (NPCI) and the Central Bank of Oman (CBO) for
cooperation in digital finance and payments for the usage of Mumbai
RuPay and UPI. Oman is set to be the latest country in West
MD & CEO: Dilip Asbe
Asia to start using India's RuPay card and UPI platform, which
will benefit the huge Indian diaspora in the country. Central Bank of Oman
(CBO)
Headquarters: Ruwi, Muscat,

Oman
CEO: Abdulaziz Al-Rawahi
NTPC & GE Gas Demonstrating Hydrogen co-firing in Gas Turbines- In its NTPC Limited
Power efforts to adopt advanced powering technology to decarbonize
Headquarters: New Delhi
power generation in India, NTPC Ltd and GE Gas Power
signed an MoU for feasibility to demonstrate of hydrogen (H2) CEO: Gurdeep Singh
co-firing blended with natural gas in GE’s 9E gas turbines
GE Gas Power
installed at NTPC’s Kawas combined-cycle gas power plant in
Gujarat. Under this significant collaboration, the two companies Headquarters: Noida
will jointly explore the pathways to reduce CO2 emissions
CEO: Deepesh Nanda
from the Kawas gas power plant and further implementation
at scale across NTPC’s installed units in India.
Adani Group 65000 crore investment in Rajasthan-Adani Group Adani Group

announced a Rs 65,000 crore investment in Rajasthan over
Headquarters: Ahmedabad
the next 5 to 7 years in setting up a mega 10,000 MW solar
Founder: Gautam Adani
power capacity, expanding cement plant and upgrading
Jaipur airport.
Tata Power 10K Mw RE plant in Rajasthan- Tata Power plans to develop Tata Power
around 10,000 MW of renewable energy capacity, mainly Headquarters: Mumbai
solar energy, in the next five years in Rajasthan. It plans to
develop up to 8,000 MW of utility scale projects, 1,000 MW of

Monthly BeePedia
October 2022

solar rooftop and 1,50,000 solar pumps in next five years in the CEO: Praveer Sinha
state.
HDFC Bank SmartHub Vyapar Merchant app for SMEs- HDFC Bank, HDFC Bank
& one of the private sector lenders, announced the launch of
Mintoak Innovations SmartHub Vyapar Merchant app, a payments and banking
solution for small and medium-sized businesses. HDFC Bank CEO: Shashidhar Jagdishan
has developed the SmartHub Vyapar app in partnership with a
merchant Saas platform, Mintoak Innovations India.On the Mintoak Innovations
banking front, merchants can open fixed deposits, have quick Headquarters: Mumbai
access to pre-approved loans and credit cards. They can
also get a real time view of all transactions credited into their CEO: Raman Khanduja
bank account with the help of this app. One of the interesting
features of the SmartHub Vyapar is its voice feature that
informs the merchant of a successful transaction.
Bureau of Indian MoU- Bureau of Indian Standards (BIS), the National Bureau of Indian
Standards & Standards Body of India signed an MoU with Testing, Standards
Testing, Inspection, Inspection, Certification Council, India.The two
Headquarters: Delhi
Certification Council organizations will collaborate to promote and harmonise the
implementation of standards and quality, safety and Director General: Pramod
sustainability practices in laboratories. The organizations Kumar Tiwari
resolved to further work to improve the responsiveness for
Testing, Inspection,
laboratories and exchange and disseminate the global best
Certification Council
practices in the field of laboratories.
Headquarters: Gurugram
Chairman: Shashibhushan
Jogani
All India Institute of MoU- The All India Institute of Ayurveda (AIIA), the apex All India Institute of
Ayurveda & National institute of Ayurveda in India under the Ministry of AYUSH, and Ayurveda (AIIA)
Institute of Advanced the National Institute of Advanced Industrial Science and
Headquarters: Delhi
Industrial Science and Technology (AIST), Japan have signed an MoU for academic
Technology, Japan establishment. With the signing of this MoU, AIIA aims to Director: Tanuja Manoj Nesari
promote Institute’s research activities both at a national and
National Institute of
international stage. The MoU will enable both countries to
Advanced Industrial
promote research collaboration and building capacities in Science and Technology
the field of the Indian Ayurvedic system of traditional
medicines. All these activities will be executed in support of the Headquarters: Tokyo,Japan
Ministry of Ayush.
President: Ryōji Chūbachi
Inga & PE fund for mid-sized companies- Domestic investment Inga Ventures
TIH Singapore bank Inga Ventures (Inga) and tied up with Singapore’s TIH
to launch a private equity fund that will invest in mid-sized
companies.The fund has set an overall target of raising Rs CEO: Karthikeyan S.
500 crore and has received commitment of Rs 25 crore.It will TIH Investment
follow a sector agnostic approach with positive bias towards Management

Monthly BeePedia
October 2022

specialty chemicals, FMCG, electronics, food, agriculture Headquarters: Singapore
and healthcare sector.
CEO: Allen Wang
Ashok Leyland & Hybrid EVS using turbine tech-Ashok Leyland and Ashok Leyland
IIT Madras researchers at the National Centre for Combustion
Headquarters: Chennai
Research and Development (NCCRD) have joined hands for
development and commercialization of ‘swirl mesh lean direct President: Ganesh Mani
injection (LDI) system’ for developing hybrid electrical
vehicles using turbine technology. NCCRD is an arm of the
Indian Institute of Technology, Madras.IIT Madras
researchers at NCCRD are developing an indigenously-
designed micro gas turbine, whose core is a patented
combustion technology called ‘Swirl Mesh Lean Direct
Injection (LDI) system.
IIT Mandi & Two certification courses in emerging technology-

NSDC National Skill Development Corporation (NSDC) and Indian
NSDC
Institute Of Technology (IIT) Mandi have announced a
strategic partnership to initiate two certification programmes--a Headquarters: New Delhi
six-month certification and nine-month long advance CEO: Manish Kumar
certification programme--in modern emerging technologies
such as data science and machine learning in order to make
India’s youth future ready.
INOX & Live screen India matches in cinemas-Leading multiplex INOX Leisure
ICC chain INOX Leisure Ltd will live screen all matches to be
played by India at the upcoming ICC Men's T20 World Cup
2022 in its cinema halls across the country. INOX will CEO: Alok Tandon
showcase all group matches to be played by Team India,
starting with their first match on October 23 against Pakistan, International Cricket
followed by the semi-finals and the final match. Council
Headquarters: Dubai, United

Arab Emirates
Chairman: Greg Barclay
NMDC & ICT and Digital Solutions-Mining major NMDC and RailTel NMDC Limited
RailTel Corporation of India have entered into an agreement
Headquatrers: Hyderabad
covering ICT and Digital Transformation Services of
NMDC.Through this agreement RailTel will provide CMD: Sumit Deb
Consultancy, Project Management and Execution services
that will enhance efficiency and transparency. RailTel
CMD: Aruna Singh

Monthly BeePedia
October 2022

Reliance Retail & Launch merchandise in India- The National Basketball Reliance Retail
NBA Association (NBA) and Reliance Retail have entered into a
multiyear collaboration to launch an extensive range of NBA
merchandise in India.As part of the collaboration, Reliance CMD: Mukesh Ambani
Retail has introduced a wide selection of NBA team and
National Basketball
league-branded products to fans in India including a
Association
comprehensive range of adult and youth apparel, accessories,
back-to-school supplies, toys, collectibles and more.The new Headquarters: New York,
merchandise is available for fans at select Reliance Retail United States
stores across the country and on Reliance Retail’s e-
CEO: Adam Silver
commerce platforms.
Sonata Software & Standardisation of CRM platform- Sonata Software, a Sonata Software
Eir evo global IT services and technology solutions company has
Headquarters: Bengaluru
signed an agreement with eir evo, Ireland’s leading
telecommunications and ICT solutions provider, to support CEO: Samir Dhir
the standardisation of their CRM platform migrating them from
Salesforce to Microsoft Dynamics. Its unique platform eir evo
migration process would empower operational efficiency Headquarters: Dublin,Ireland
across eir evo, supporting them in delivering their business
objectives. This internal optimisation would also support CEO: Martin Wells
productivity and customer-centric efficiencies.
HUL’s Dapada factory Sustainability Lighthouse by WEF- FMCG major Hindustan

Unilever’s (HUL) Dapada factory, which manufactures home
Hindustan Unilever
care products including Surf Excel, Rin, and Vim, has been
recognised as Sustainability Lighthouse by the World Headquarters: Mumbai
Economic Forum (WEF).The unit has been recognised for its
CMD: Sanjiv Mehta
use of innovative solutions, specifically the use of machine
learning and integrated energy management systems to
drive energy optimisation, and digital twin technology to
accelerate eco-friendly formulations, to reduce emissions.
NTPC & Siemens Hydrogen co-firing in Faridabad Gas Power Plant- NTPC NTPC
Limited and Siemens Ltd. signed an MoU to demonstrate the
Headquarters: New Delhi,
feasibility for hydrogen co-firing blended with natural gas in India
Siemens V94.2 gas turbines installed at NTPC Faridabad gas
CMD: Gurdeep Singh
power plant. Under this MoU, both the companies will
collaborate to study the feasibility of introducing hydrogen Siemens Technology and
co-firing in Faridabad gas power plant. Based on the Services
feasibility studies, a pilot project for 5% (by volume)
hydrogen co-firing may be implemented for demonstrating
the capability and the hydrogen required for the project shall CEO: Sunil Mathur
be arranged by NTPC.
NIPL & Hassle-free payments using UPI- NPCI International NIPL

Worldline Payments Ltd (NIPL) has entered into a partnership with
European payment services facilitator Worldline. The

Monthly BeePedia
October 2022

partnership between NIPL and Worldline is aimed at CEO: Ritesh Shukla
expanding acceptance of Indian payment means across
Europe.Under the partnership, Worldline's QR code-based Worldline
mechanism will allow merchants' Point-of-Sale (PoS) Headquarters: Bezons, France
systems in Europe to accept UPI payments from Indians
using their mobile phones. CEO: Gilles Grapinet
RBL Bank & ‘Play’ credit card- Private sector lender,RBL Bank RBL Bank
Book My Show partenered with BookMyShow, India’s leading entertainment
Registered Office: Kolhapur,
destination to launch a new ‘Play’ credit card.The ‘Play’ credit
Maharashtra
card will be available to select customers on BookMyShow and
give them access to lucrative offers on transactions across Corporate Office: Mumbai
movies, live entertainment offerings (online and offline), as
also binge-watching movies and TV series on MD & CEO: R
BookMyShow Stream by renting or buying a title, while Subramaniakumar
enjoying benefits with every purchase made.
BookMyShow
Headquarters : Mumbai
CEO: Ashish Hemrajani
Paytm & Deployment of Card Devices- One97 Communications Paytm

Jana Small Finance Limited (OCL), which owns the Paytm brand, has partnered Headquarters: Noida
Bank with Jana Small Finance Bank to deploy card machines to
further drive digitisation among merchants across the country. Founder: Vijay Shekhar
This partnership will enable Jana Small Finance Bank to Sharma
extend Paytm’s All-in-one EDC machines to its existing and
Jana Small Finance Bank
potential customers, providing a one-stop solution for all their
digital payment needs. Headquarters :Bengaluru
CEO: Ajay Kanwal
TPTCL & Automation & energy-efficiency solutions-Tata Power Tata Group

75F Smart Innovations Trading Company (TPTCL) has signed an agreement with Headquarters: Mumbai
75F Smart Innovations India to jointly promote building Chairman: Natarajan
automation and energy-efficiency solutions in the Chandrasekaran
commercial building space including IT/information technology- 75F Smart Innovations

enabled services (ITeS), banking financial services and
insurance (BFSI), hospitality, health care, education, Registered Office:
government and retail. Bengaluru
CEO: Deepinder Singh
BHEL, MoU- Bharat Heavy Electricals (BHEL) rose 2.56% to Rs BHEL

CIL and NLCIL 62.20 after the company clarified it has entered into a 'non-
binding' MoU with Coal India (CIL) and NLC India (NLCIL) for
setting up Coal Gasification based plants. This MoU is only an CEO: Nalin Singhal
intention to set up a Coal to Ammonium Nitrate Project with

Monthly BeePedia
October 2022

CIL based on the gasification of high ash Indian coal, and a Coal India Limited
lignite-based gasification pilot plant with NLCIL for power
Headquarters: Kolkata
generation, utilising BHEL's indigenously-developed
Pressurised Fluidised Bed Gasification (PFBG) CEO: Pramod Agrawal
technology.
Nokia & Multi-year contracts to power Reliance Jio's 5G network- Nokia

Ericsson Ericsson and Nokia will power Reliance Jio’s 5G network
Headquarters: Espoo, Finland
& have inked multi-year supply contracts with Jio for supplying
5G network equipment to the country’s largest carrier.Under its CEO: Pekka Lundmark
contract, Nokia will supply equipment from its AirScale Ericsson
radio portfolio, including base stations, high-capacity 5G
radio antennae, and remote radio heads to support different Headquarters: Stockholm,
spectrum bands and self-organising network software. Sweden
CEO: Börje Ekholm
Flipkart Flipverse- Flipkart in partnership with Web3 entertainment Flipkart

firm eDAO, announced the launch of Flipverse. It is a
metaverse space where consumers can discover products in a
photorealistic virtual destination and shop on Flipkart CEO: Kalyan Krishnamurthy
App.Flipverse will offer gamified, interactive and immersive
shopping experiences for consumers in a digital world by
giving them access to various brands, Supercoins and digital
collectables.
Garuda Aerospace & New drone deal-Chennai-based Garuda Aerospace has Garuda Aerospace
Lockheed Martin signed a deal with Lockheed Martin Canada CDL Systems
Headquarters: Chennai
to integrate its locally made drones with Canada bases
company’s advanced Uncrewed Aerial Systems (UAS) CEO: Agnishwar Jayaprakash
software solutions. As part of the partnership, the companies
Lockheed Martin
will closely work to investigate prospects to create drone-
based service applications in industries like industrial Headquarters: Maryland,
inspection, mining, large-scale mapping, agriculture and United States
defence.
CEO: Jim Taiclet
Google & To accelerate digitisation in schools-Google has signed an Google

Assam Government MoU to support and accelerate the Government of
Assam’s mission to promote digital growth and development
United States
in the state.Under this new initiative, Google will collaborate
with the Assam Government’s Skill, Employment & CEO: Sundar Pichai
Entrepreneurship Department (SEED) to reinforce their

school digitization efforts by adding new digital learning tools
and solutions to help teaching and learning. Google will also
offer scholarships for Google Career Certificates to Assam’s
youth in collaboration with the Assam Skill Development
Mission (ASDM).

Monthly BeePedia
October 2022
UNDP, Arya.ag To strengthen value chain in agriculture, allied sectors- UNDP

& FWWB India The UNDP has selected Arya.ag and Friends of Women’s
Headquarters: New York,US
World Banking, India (FWWB India) as partners to
implement enterprise promotion and value chain Head: Achim Steiner
interventions in agriculture and allied activities. The
FWWB
partnership aims to create a cadre of community resource
persons to mentor and support entrepreneurs and promote Headquarters : Ahmedabad
individual and group enterprises by December 2023.
CEO: S S Bhat
Boeing India & Raw material for aerospace parts- Boeing India would Boeing India
Midhani assess and collaborate with Mishra Dhatu Nigam Limited
(MIDHANI) to develop raw materials for standard aerospace
President: Pratyush Kumar
parts and components in India. Indigenous availability of
special aerospace materials and alloys has been identified as
crucial for creating a self-reliant aerospace and defence MIDHANI
industry in India.The availability of essential aerospace
Headquarters: Hyderabad
materials is the first step in securing the supply chain, and
aligning with the NDA government’s vision of Aatmanirbhar
CMD: Sanjay Kumar Jha
Bharat.
Mahindra & Mahindra To enhance credit access to larger customer base- Mahindra & Mahindra
Financial Services & Mahindra & Mahindra Financial Services entered into a Financial Services
India Post Payments strategic partnership with India Post Payments Bank (IPPB) Limited
Bank to further enhance credit access to a larger customer base. As Headquarters: Mumbai
a part of this alliance, India Post Payments Bank (IPPB) will
provide Lead referral services to MMFSL for Passenger MD & CEO: Anish Shah
Vehicles, 3-Wheeler, Tractor and Commercial Vehicle Loan India Post Payments
categories and provide cash EMI deposit facility to existing Bank
MMFSL Customers at Post Offices.
CEO: J. Venkatramu
Tech Mahindra & Promote the IT/ITeS sector- Tech Mahindra has signed a Tech Mahindra
Gujarat government memorandum of understanding (MoU) with the Gujarat
Headquarters: Pune
government to promote the IT/ITeS sector in the state and hire
over 3,000 professionals over the next five years. “The MD & CEO: CP Gurnani
government is committed to support businesses to improve
ease of doing business in the state & also result in the overall
development.
SBI General Insurance Insurance buying facility via WhatsApp- SBI General SBI General Insurance
Insurance has tied up with Gupshup, a leader in
Headquarters : Mumbai
conversational engagement to offer a new insurance policy,
renew an existing one, intimate claims and more, through

Monthly BeePedia
October 2022

WhatsApp. The hassle-free buying experience ensures that CEO: Prakash Chandra
end-to-end policy purchase happens on the platform itself, right Kandpal
from exploring product features to accessing their policy
documents.
MSME Ministry & MSME Design Innovative Scheme-The Ministry of Micro,

IIT Kanpur Small and Medium Enterprises (MSMEs) joins hands with
Indian Institute of Technology (IIT) Kanpur’s technology
based incubator, Startup Incubation and Innovation Centre MSME Ministry
(SIIC) to facilitate the MSME Design Innovative Scheme. The
Union Minister: Narayan Rane
partnership will leverage design expertise and the design
fraternity to improve India’s manufacturing sector. The MSME
Ministry’s Design Innovative scheme offers grants to the
final year Undergraduate and Postgraduate students
engaged in design development and MSMEs working in the
design domain. These funds are awarded for one year for the
development of select prototypes.
SIDBI & Strengthen weaving and craft clusters for MSEs- Small SIDBI
IIM Sambalpur Industries Development Bank of India (SIDBI) has signed an
Headquarters: Lucknow
MoU with Indian Institute of Management (IIM) Sambalpur,
Odisha to strengthen the micro and small enterprises (MSEs) Chairman & MD:
ecosystem of weaving and craft clusters across the state and Sivasubramanian Ramann
the country.Under this agreement, several strategic
interventions will be initiated keeping in focus the supply-
chain management, helping clusters become self-
sustainable and developing a culture of entrepreneurship.
IPPB & Innovations in Financial Product and Services- India Post India Post Payments
RBIH Payments Bank (IPPB) and Reserve Bank Innovation Hub Bank
(RBIH) have come together to focus their efforts on Headquarters: New Delhi
enhancing the reach of financial solutions to large sections of
society across India and enabling frictionless finance to a CEO: J. Venkatramu
billion Indians. The collaboration between IPPB and RBIH
RBIH
will explore projects which shall have impact on the masses
by- Leveraging the deep rural reach of IPPB-Department of Headquarters: Bengaluru
Posts (DoP) to take Rural Finance to a billion
CEO: Rajesh Bansal
Indians.Enabling access to sustainable and secure finance
services to every segment of the society, through research
and innovation.
CASHe & IRCTC Travel Now Pay Later (TNPL)- India’s leading credit-led, AI- CASHe
driven financial wellness platform, CASHe, has partnered
with Indian Railways Catering and Tourism Corporation
(IRCTC), to provide a Travel Now Pay Later (TNPL) payment Chairman: V Raman Kumar
option on its travel app, IRCTC Rail Connect. This will enable
travelers of Indian Railways to book their rail tickets

Monthly BeePedia
October 2022

instantly and pay for them later in pocket-friendly EMIs, IRCTC
ranging from three to six months. With CASHe’s TNPL Headquarters: New Delhi
payment option, booking and paying for rail tickets on the Chairman & MD: Rajni Hasija
IRCTC travel app will now be easier and hassle-free for
millions of Indian Railway passengers.
JSP & 1000 MW carbon-free energy- Jindal Steel and Power (JSP) Jindal Steel and Power
Greenko signed an agreement with clean energy player Greenko for
the supply of 1,000 MW green power. Greenko will supply
the clean power for its steel making operations at Angul, Chairman: Naveen Jindal
Odisha. The proposed 1000 MW carbon free energy is
Greenko Group
targeted to meet the existing and incremental power
demand at the Angul facility. Headquarters: Hyderabad
CEO: Anil Kumar

Chalamalasetty
Gazprombank & Re account- Russia’s Gazprombank has opened a special Gazprombank

UCO Bank Rupee account with UCO Bank for undertaking cross-border
Headquarters: Moscow,
trade transactions in the Indian Rupee.The move to open the Russia
special Vostro account clears the deck for settlement of
payments in Rupee for trade between India and Russia, CEO: Andrey Akimov
enabling cross-border trade in the Indian currency which the
UCO Bank
central bank RBI is keen to promote.
Headquarters: Kolkata
CEO: Soma Sankara Prasad
Jindal Stainless & Manufacture advance defence products- Jindal Stainless Jindal Stainless
Yantra India Limited (JSL) has signed an agreement with state-owned
Yantra India Ltd for the development and manufacturing of
defence products. CEO: Ratan Jindal
Yantra India
Headquarters: Nagpur
CMD: Rajeev Puri
GIFT CITY & MoU- Gujarat International Finance Tec City (Gift City) has Fintech Association of
Fintech Association of inked an agreement with Fintech Association of Japan (FAJ) Japan
Japan to promote innovation and entrepreneurship in the fintech Headquarters: Tokyo,Japan
domain & for conducting programmes related to international
financial services, promoting GIFT City as a fintech hub in Chairperson: Takashi Okita
India, and exposing young innovators in the fintech
domain to opportunities in India and Japan. The
entrepreneurial programmes will also focus on financial
inclusion, cyber security, artificial intelligence (AI), blockchain
and human augmentation.

Monthly BeePedia
October 2022

NPCI Bharat Billpay & Credit card bill payments- NPCI Bharat BillPay Ltd. (NBBL), NPCI Bharat BillPay Ltd
Kotak Mahindra Bank the wholly-owned subsidiary of National Payments Corporation
of India (NPCI), has partnered with Kotak Mahindra Bank to
introduce its credit cards on the Bharat BillPay ecosystem. CEO: Noopur Chaturvedi
With this, Kotak credit card holders will be able to pay their Kotak Mahindra Bank
credit card bills at any point in time from any given location
through Bharat BillPay-enabled channels like ICICI Bank, Axis Headquarters: Mumbai
Bank and HDFC Bank, among others, and get instant
CEO: Uday Kotak
confirmation on payments.
Jakson Green 22,400 cr in green hydrogen project- Jakson Green has Jakson Group
inked a pact with the Rajasthsn Government to invest Rs
Headquarters: Noida
22,400 crore to set up a green hydrogen and green
ammonia project, in phases, in Rajasthan. Jakson Green will CMD: Sameer Gupta
set up a 3,65,000 tons per annum Green Hydrogen & Green
Ammonia plant along with an integrated hybrid renewable
power complex in a phase wise manner.The project is
expected to generate over 32,000 direct and indirect
employment opportunities across various phases of the scale-
up, planned between 2023 and 2028.
Tata Steel's Dutch arm Green metal after 2030- Tata Steel’s Dutch arm plans to Tata Steel
& provide Ford vegetation in Europe with “green” metal after
Ford 2030, beneath a preliminary settlement reached by the 2
corporations. Tata plans to start out producing inexperienced CEO: T.V Narendran
metal – or metal made with out utilizing fossil fuels – in 2030 at
its plant in Ijmuiden, Netherlands.
SAP India & Industry Knowledge Exchange- SAP India in collaboration SAP India
AWS with Amazon Web Services, AWS has launched SAP
Industry Knowledge Exchange (SAP IKEX). The Knowledge
Exchange is aimed at accelerating India’s journey to ‘Amrit President & MD: Kulmeet
Kaal,’ and driving the country’s inclusive digital Bawa
transformation with sustainable development. With this
collaboration, the exchange will bring together enterprises,
consulting firms, and academia across 25 industries enabling
technological co-innovation, sharing of best-practices, and
deliberation on regulatory policies to produce shared business
value, accelerate growth, increase global competitiveness,
and promote sustainability.
Hero MotoCorp Assembly and distribution of its vehicles in Phillipines- HeroMotocorp

& Two-wheeler maker Hero MotoCorp announced its plans to Headquarters: New Delhi
Terrafirma Motors enter the Philippines for which it has partnered with
Terrafirma Motors Corporation for assembly and distribution CEO: Pawan Munjal
of its vehicles. TMC will set up an assembly facility of 29,000
Terrafirma Motors
square metres in its existing principal manufacturing facility
Headquarters: California,US

Monthly BeePedia
October 2022

situated in Laguna City and will start its operations in the CEO: Alberto Chretin
second half of fiscal year 2024.
NHIDCL & MoU-National Highways & Infrastructure Development NHIDCL

NIT Silchar Corporation Ltd (NHIDCL), a CPSE under the Ministry of
Road Transport & Highways has signed MoU with NIT, Silchar
for seeking and promoting innovative technologies to find Managing Director: Chanchal
pragmatic solutions to the challenges posed in the Kumar
construction of highways facing extreme climatic conditions.
PHD Chamber & Centre of excellence for green hydrogen- PHD Chamber of PHD Chamber of
Greenstat Commerce & Industry and Greenstat Hydrogen India have Commerce & Industry
tied up for setting up a centre of excellence for green
hydrogen. The centre will provide training and workshops, look
into best international practices, standards and regulations, CEO: Saurabh Sanyal
safety, technology tie-ups, consultancy, data bank, accident
Greenstat
audit among others.
CEO: Sturle Pedersen
SAIL Commercial operations at Rourkela Airport- The Steel Steel Authority of India
& Authority of India Limited (SAIL) and the Airport Authority
AAI of India (AAI), signed an Operation and Management (O & M)
agreement to facilitate commercial operations from CEO: Soma Mondal
Rourkela in the state of Odisha.The MoU will facilitate the
AAI
commencement of commercial flights from Rourkela. The
Ministry of Civil Aviation has provided financial support for the Headquarters: New Delhi
up-gradation of this airport. The government of Odisha will Chairman:Sanjeev Kumar
provide the security, fire, and ambulance services, besides
helping with other local clearances. AAI, on behalf of SAIL-
Rourkela Steel Plant, will operate and manage the airport.
NSDC International Enhance India-Australia trade- NSDC International (NSDCI) NSDC International
& and Perdaman got into a partnership to create an interface
Perdaman between Indian skilled youth and market opportunities in Headquarters: New Delhi
Australia. This partnership will enable a gateway for Indian
skilled youth to Australia. This agreement will lead to deeper CEO: Ved Mani Tiwari
cooperation between the two companies and is another
chapter in fast growing India and Australia mutual co-operation. Perdaman
This association will empower the skilled youth of India by
connecting them to opportunities in Australia, gain global
Headquarters: Australia
exposure and contribute to the overall well-being of the globe.
The collaboration will also provide students from CMD: Vikas Rambal
India/Australia with the opportunity to study in the
reciprocal country through various channels. It would also
explore the scholarship opportunity and the possibility of a
reduction of the fee for students coming from
economically weaker backgrounds. The association will

Monthly BeePedia
October 2022

work in various industry sectors including manufacturing,
hospitality, agriculture, renewable energy and electric
vehicles.
India & Chip-making technology- The government has signed an IMEC

IMEC agreement with Belgium-based research and innovation
Headquarters: Leuven,
hub, Interuniversity Microelectronics Centre (IMEC), which Belgium
will provide the technology to manufacture chips of 28
nanometres and above, for which the user has to pay a CEO: Luc Van den hove
royalty.
Ministry of Education Football4Schools initiative in India-Ministry of Education FIFA

,FIFA & AIFF signed an MoU with FIFA and All India Football Federation
Headquarters: Zürich,
for the ‘Football4Schools’ initiative in India. Football4Schools
Switzerland
program is a step towards making sports as a way of life as
well as creating well-rounded citizens. FIFA, All India Football President: Gianni Infantino
Federation and the Ministry of Education, GoI through this MoU
AIFF
on the sidelines of U-17 Women’s World Cup are collaborating
together to promote football and also equip young Headquarters: New Delhi
learners with valuable life skills.
President: Kalyan Chaubey
Healthysure & Flexi top-up insurance-Employee benefits insurtech Healthysure

ManipalCigna Health Healthysure has partnered ManipalCigna Health Insurance
Headquarters:Mumbai
to launch India’s first flexi top-up insurance which allows
employees to personalize and upgrade their corporate CEO: Anuj Parekh
health insurance plans. By paying a nominal add-on premium,
ManipalCigna Health
employees can upgrade their cover, which can even be
continued in a personal capacity post-employment. They are Headquarters: Mumbai
thus able to eliminate the need of buying independent
personal health cover and also save up to 90% of premium CEO: Prasun Sikdar
spending.
Tata AIA Life & Specialised critical illness cover-Tata AIA Life Insurance Tata AIA Life Insurance
Medix (Tata AIA) has tied up with Medix, a global company in medical Company Limited
management solutions, to offer consumers access to a local Headquarters: Mumbai
and global network of accredited medical specialists during
serious illnesses. This service is complementary for CEO: Naveen Tahilyani
policyholders who have purchased eligible life insurance
Medix
products across term, savings, and pension plans, the list of
which shall be published by insurer on its website from time to Headquarters: Illinois, United
time. States
CEO: Andrew Limouris
BEL & Developing products, services in artificial Bharat Electronics

Meslova intelligence/machine learning-Bharat Electronics (BEL) Limited
has signed an agreement with Meslova Systems, for
cooperation in the areas of artificial intelligence and
machine learning (AI&ML) for air defence (AD) CMD: Dinesh Kumar Batra

Monthly BeePedia
October 2022

systems/platforms for the Armed Forces. This MoU aims at Meslova
leveraging the complementary strengths and capabilities of
BEL and Meslova. It will enable the two companies to develop
and deploy various products and services for AD CEO: K Satyaprasad
systems/platforms of the Armed Forces, wherein AI&ML is
embedded and integrated as part of the products.
Recent Acquistions , Mergers & Launches

Amazon Live video and interactive shopping experience-E-
commerce firm Amazon said it has launched Amazon Live
Amazon
in India. It is a unique live shopping program where customers
Headquarters: Washington,US
can directly interact with content creators who showcase
CEO: Andy Jassy
products, answer customer questions in real-time, run
polls, and offer limited-duration deals. Through Amazon
Live, Amazon India aims to connect the influencers with
customers at scale, enabling them to make informed
purchases
Directorate General of Bharatskills Forum-The Directorate General of Training Directorate General of

Training (DGT) (DGT) in the Ministry of Skill Development and Training
Entrepreneurship (MSDE) launched a new feature called Headquarters: New Delhi
the Bharatskills Forum that allows sharing of books,
notes, videos, question bank, etc., and other relevant skill- Director General: Trishaljit
Sethi
related content for learners. This facility shall act as a digital
warehouse for the skilling community by allowing sharing of
contents in various forms like handwritten trainers’ or
trainees’ notes, PDFs, scanned copies, or recorded videos
in any language.
World Bank Launch a $1 billion fund to provide guarantees against World Bank
& loan default to lenders financing purchase of electric two-
Headquarters: Washington
SIDBI and three-wheelers-The government, World Bank and
DC,US
Small Industries Development Bank of India (SIDBI) are set
to launch a $1 billion fund to provide guarantees against President:
loan default to lenders financing purchase of electric two- David Malpass
and three-wheelers. SIDBI and the World Bank have started
interacting with financial institutions and manufacturers to SIDBI
understand how to enhance commercial financing Headquarters
availability for electric two and three wheelers and
develop a risk sharing program for financial institutions :Lucknow
interested in this market.
CMD :Sivasubramanian
Ramann

Monthly BeePedia
October 2022

Pegatron Rs 1,100-cr facility in Tamil Nadu- Apple vendor and Pegatron
Taiwanese smartphone maker Pegatron opened a new Rs
Headquarters: Taipei, Taiwan
1,100-crore factory at Chengalpattu near Chennai, Tamil
Nadu. The new Pegatron unit is expected to generate around CEO: Liao Syh-jang
14,000 employment opportunities and it will be
manufacturing and assembling mobile phones, thereby
augmenting mobile phone manufacturing and exports from
Tamil Nadu.
Aviva Acquisition- UK-based Aviva plc has acquired an additional Aviva

& 25% stake from Dabur Invest Corp in its joint venture Aviva
Headquarters: London,UK
JV Group Life Insurance Company India (ALICIL) to raise its total
stake to 74%.The transaction has allowed Aviva to become the CEO: Amanda Blanc
majority shareholder in the JV, while it has resulted in a dilution JV Group
of stake of FMCG major Dabur India promoters, the Burman
family, to 26% from 51%. Headquarters: Rajkot, Gujarat
CEO: Santhosh kumar
Karnataka Bank Analytical Centre of Excellence-Karnataka Bank has Karnataka Bank

opened Analytical Centre of Excellence (ACoE) in
Headquarters: Mangaluru
Bengaluru. The centre, which is developed in association with
Ernst and Young (EY) as project partner, will help in CEO: Mahabaleshwara M. S
accelerated incubation of artificial intelligence
(AI)/machine learning (ML) models along with their integration
to business, on a scalable analytical data platform.
Karnataka Bank KBL Utsav campaign- Karnataka Bank, a leading private

sector lender, has launched a special campaign ‘KBL Utsav
2022-23’ from October 1 to October 31 to meet the needs of
customers during festive season. Under the KBL Utsav -
campaign, customers can avail home, car and gold loans
with attractive interest rates, reduction in processing
charges for car and gold loans and nil processing charges for
home loan.
ICICI Prudential Two target maturity index funds- ICICI Prudential Mutual ICICI Prudential Mutual
Mutual Fund Fund launched two target maturity index funds – ICICI Fund
Prudential Nifty SDL Dec 2028 Index Fund and ICICI Headquarters: Mumbai
Prudential Nifty G-Sec Dec 2030 Index Fund. These are
open-ended passively managed funds that replicate the CEO: Nimesh Shah
underlying debt index having a specific maturity date. The
constituents of the index are generally hold-till-maturity. The
maturity date for ICICI Prudential Nifty SDL Dec 2028 Index
Fund is December 29, 2028 while ICICI Prudential Nifty G-
Sec Dec 2030 Index Fund will mature on December 31,
2030.

Monthly BeePedia
October 2022

Aditya Birla Health Activ Fit- Aditya Birla Health Insurance Co Ltd has Adity Birla Health
Insurance announced the launch of Activ Fit, a comprehensive health Insurance
insurance plan for young and healthy adults. Targeted at
consumers who are health aware and active, this new product
by ABHICL is a first-of-its-kind in the industry and looks at CEO: Mayank Bathwal
rewarding them for their good health behavior.
ICICI Bank Special account for Indian students in UK- ICICI Bank ICICI Bank
launched a new account designed for Indian students
Registered Office: Vadodara
headed for higher education in Britain.The HomeVantage
Current Account (HVCA), which comes with a Visa debit card Corporate Office: Mumbai
valid for use anywhere in the world, can be activated digitally
CEO: Sandeep Bakshi
before the students leave India for the UK.As an equivalent
to a savings account in India, the account holder can activate
internet banking and mobile banking once it has been
activated.
Vedanta's BALCO Cancer research in India- Vedanta's BALCO Medical Vedanta's BALCO Medical
Medical Centre & Centre
Centre (BMC), one of India's leading cancer hospitals, and
Anuva Anuva, a genomics biotech company jointly announced a Headquarters:
strategic collaboration to build a Cancer Genomics Biobank Raipur,Chattisgarh
for cancer research in India.Anuva and BMC aim to use this
CEO: Anil Agarwal
cancer bio/data bank for clinical research to identify relevant
insights for precision medicine application for cancer in Anuva
India.
Headquarters: United
Kingdom
Chairman & CEO: Sumit

Jamuar
Mahindra Lifespace Joint venture- Realty firm Mahindra Lifespace Developers Mahindra & Mahindra
Developers Ltd & Ltd entered into a joint venture with Actis to develop
Actis industrial and logistics facilities with an initial investment of
Rs 2,200 crore. CEO: Anish Shah
Actis
Headquarters: London, United

Kingdom
Director: Ankur Trehan
ICICI Bank Smart Wire for inward remittances- ICICI Bank has ICICI Bank
launched Smart Wire, an online solution to help its customers
Registered Office: Vadodara
carry out SWIFT-based inward remittances in a faster and
Corporate Office: Mumbai
hassle-free manner. Smart Wire facility will allow both NRIs and
resident customers to undertake inward remittance CEO: Sandeep Bakshi
transactions in an online and paperless way.Through this
facility, accurate information related to the beneficiary, the
purpose of the inward remittance and declaration, where

Monthly BeePedia
October 2022

required, are captured in advance and shared with the remitter
instantly.
Warburg Pincus & Acquisition- Warburg Pincus, the global private equity firm, Warburg Pincus
Vistaar Finance through its funds will acquire a majority stake in Vistaar
Headquarters: New York,
Finance, which lends to MSMEs in India. Vistaar will fill the United States
need gap and be a driver for broad-based growth in those
regions and communities. CEO: Charles R. Kaye
Vistaar Finance
Corporate Office: Bengaluru
MD & CEO: Ramakrishna

Nishtala
Google Play Points rewards programme-Google will roll out Play Google
Points, a global rewards programme, for users in India.Users Headquarters: California,
will earn points when they make purchases with Google Play, United States
including in-app items, apps, games, and subscriptions. The
rewards program has four levels—bronze, silver, gold and CEO: Sundar Pichai
platinum—that provide members with perks and prizes

depending on their tier, which is based on the number of points
they have collected.
NASSCOM Responsible AI hub and resource kit-The National NASSCOM

Association of Software and Services Companies
(Nasscom), in a joint collaboration with industry partners such
,as Fractal Analytics, Microsoft, Deloitte, Tata Consultancy Chairperson: Krishnan
Services and IBM Research, has launched the Responsible AI Ramanujam
Hub and resource kit to ensure the responsible adoption
of AI at scale.
IDBI Bank & Digital solutions to MSMEs-The private sector lender, IDBI IDBI Bank
Vay Network Bank entered into a partnership with supply chain financing
platform Vay Network Services as its fintech partner to
provide digital supply chain financing (SCF) to MSMEs. This CEO: Rakesh Sharma
partnership is expected to reduce paperwork and transaction
processing time while providing a smooth customer Vay Network
experience. Supply Chain Financing enables MSMEs to get Headquarters: Bengaluru
credit based on their approved invoices from the supplier
helping them in managing their cash flows of their business. CEO: Ramaswamy Iyer
Hitonpay Lifecare Payment gateway services- One of the leading Neo Banking Hitonpay Lifecare
Platforms in India Hitonpay Lifecare Opc Pvt Ltd has
Headquarters: Jaipur
recently launched its payment gateway services to provide a
secure and PCI-compliant way to accept payments. The major CEO: Bhuraram Beniwal
services offered by the newly-launched payment gateway
network are mobile banking options, saving account
services, personal services and secure payment methods.
Besides this, it offers payment processing and information

Monthly BeePedia
October 2022

services that provide users with online security, easily
accessible funding and saving account related offers.
Ozonetel Center-as-a-service (CCaaS) platform on WhatsApp-

Ozonetel, an omni channel customer communication platform
Ozonetel
provider, has launched a full-featured contact center-as-a-
service (CCaaS) platform on WhatsApp.Organisations can set Headquarters: Telengana
up contact centre operations using WhatsApp and reduce
CEO: CSN Murthy
cost of operations by more than 75 per cent,. Businesses
can increase by five-fold the number of customer engagements
that contact centre agents handle.They can manage
customer communication on a unified, homogeneous
platform instead of having different artificial intelligence, cloud
telephony, and chat solutions.
Vedantu & Acquisition- Edtech unicorn Vedantu has bought a majority Vedantu
Deeksha stake in Deeksha (Ace Creative Learning Pvt. Ltd) for $40 Headquarters: Bengaluru
million. Deeksha is a leading test preparation platform in
Karnataka for the board and competitive exam coaching for CEO: Vamsi Krishna
students of grades 11th and 12th. With this strategic
Ace Creative Learning
investment, Deeksha will bring in close to 13,000 of its Pvt. Ltd. (Deeksha)
students to Vedantu's platform.
Executive Director: Ram A

(Ramchandran)
DCB Bank Suraksha Fixed Deposit-DCB Bank has relaunched its DCB Bank
'Suraksha Fixed Deposit (FD)' scheme. It is a 3-year FD
scheme that provides combination of savings and safety for
depositors as well as their dependents or loved ones.The MD & CEO: Murali M. Natrajan
scheme provides a high-interest rate of 7.10 percent p.a. on
a three-year deposit and free life insurance cover either equal
to the amount of the Suraksha FD or up to Rs 10 lakh if the
Suraksha FD amount is greater than Rs 10 lakh.
V-Mart Retail & Acquisition-Fashion retailer V-Mart Retail Ltd will acquire V Mart Retail
LimeRoad online marketplace LimeRoad, in a move which will help the
company expand its presence in the omni-channel space.
CMD: Lalit Agarwal
LimeRoad
CEO: Suchi Mukherjee
Hetero & J&J's Acquisition-Pharmaceuticals firm Hetero has acquired the Hetero Drugs
Telangana plant manufacturing plant of Johnson & Johnson at Penjerla in
Telangana and will invest additional Rs 600 crore on its

Monthly BeePedia
October 2022

upgradation.The company has acquired the plant for Rs 130 Chairman: B. Partha Saradhi
crore. Reddy
Johnson & Johnson
Headquarters: New Jersey,

United States
CEO: Joaquin Duato
Invesco & Sell 5.51% stake-Invesco Developing Markets Fund, which Invesco
Zee Entertainment has a 10.14 per cent stake in Zee Entertainment, will sell half
Headquarters: Georgia, United
of its stake in the company in a block deal. 52.93 million States
shares amounting to 5.51 per cent stake will be offloaded at
CEO: Martin L. Flanagan
a price range of Rs 250-Rs 263.7 per share.
Zee Entertainment
Enterprises
CEO: Punit Goenka
Karnataka Bank KBL Centenary Deposit Scheme- Karnataka bank has Karnataka Bank
launched a unique term deposit scheme ‘KBL Centenary
Headquarters:Mangaluru
Deposit Scheme’ with higher rate of interest in order to mark
the glorious journey towards centenary and to reward its CEO: Mahabaleshawara M.S
patrons.This deposit will be for a period of 555 days with
interest rate of 7.20 per cent. The rate of interest will be 7.60
per cent for senior citizens.
LIC Dhan Varsha plan- Life Insurance Corporation of India has LIC
launched a new life insurance plan dubbed Dhan Varsha (Plan
No. 866). Dhan Varsha is a close-ended plan & is a non-
linked, non-participating, individual, savings, single premium Chairperson– M R Kumar
life insurance plan which offers a combination of protection and
savings.If the life assured unfortunately passes away during
the policy term, this plan will give cash support for the
family. On the date of maturity, it also offers a guaranteed
lump payment amount for the remaining assured life.
Oracle Alloy- The leading computer technology company Oracle has

launched its new cloud infrastructure platform dubbed as
Oracle
Oracle Alloy. Alloy will enable service providers, integrators,
independent software vendors (ISVs), and other Headquarters: Austin,Texas
organizations to become cloud providers and roll out new cloud
CEO: Safra Catz
services to their customers.The new cloud solution will offer a
full set of cloud services along with additional value-added
services and applications to meet the specific needs of their
markets and industry verticals. Companies can use Alloy
independently in their own data centers and fully control its

Monthly BeePedia
October 2022

operations to help address specific regulatory
requirements.
Google Google My Ad Center- Google announced the global roll-out Google

of My Ad Center for Google Search, YouTube, and Discover
to allow users to personalize their ad experience and
United States
businesses to thrive in a privacy-first environment. Users can
now choose to block sensitive ads and learn more about the CEO: Sundar Pichai
information used to personalize their ad experience and
control it based on preferences.The key new features of My
Ads Center include more controls for activities used to
personalize ads to provide users more direct control over
which data sources, specifically web and app activity, and
YouTube history, are used to personalize their ads across
Google Search, YouTube, and Discover.
Walmart's PhonePe Data centers in India- Walmart-owned fintech firm PhonePe

PhonePe is investing about $200 million to set up data
Headquarters: Maharashtra
centres in India. The new centre would help it build
sustainable infrastructure to seamlessly scale up its CEO: Sameer Nigam
operations across the country.
Lupin Acquisition- Drug maker Lupin will acquire two inhalation Lupin Limited
& brands from Sunovion Pharmaceuticals Inc for USD 75
Sunovion million (around Rs 622 crore).The drug firm has inked a pact
with US-based Sunovion to acquire Brovana (arformoterol CEO: Vinita D. Gupta
tartrate) inhalation solution and Xopenex HFA (levalbuterol
Sunovion
tartrate) inhalation aerosol. The acquisition of these two brands
will expand the company's inhalation product portfolio in Headquarters: Massachusetts,
the US and strengthen its presence in the respiratory therapy United States
area while continuing to provide patients access to these
CEO: Antony Loebel
important medicines.
HDFC Securities Women-only Digital Centre in Bengaluru- HDFC Securities, HDFC securities
announced the opening of the first-ever Women-Only Digital
Centre (DC) in India. This pioneering centre, staffed with a
team of women, will serve both male and female investors. The CEO: Dhiraj Relli
centre will be based in Bengaluru and cater to customers from
Karnataka, Tamil Nadu, Andhra Pradesh and Telangana.
The Women-Only DC is another step in HDFC Securities’ aim
to foster diversity within the organization, while also
empowering its customers with technology that eases their
journey to financial freedom.
Botminds Botminds Developers Certification Program-Intelligent Botminds

Automation (IA) company Botminds has launched the
Headquarters: Bellevue,
Botminds Developers Certification Program for its
Washington,US
community members with the aim to upskill more than 90 per

Monthly BeePedia
October 2022
cent of automation developers across the globe.All members CEO: Gokul Ganapathi
of the Botminds AI invite-only community can enrol for the
certification program. The program comprises Level 1-
Foundation, Level 2-Advanced and Level 3- Architect
certifications.
Silverneedle Ventures Rs 100 cr fund- Venture capital firm Silverneedle Ventures Silverneedle Ventures
has launched a Rs 100-crore fund and plans to invest in 30
Headquarters: Telengana
startups in the next 18 months.
CEO: Kinner N Sacchdev
IndusInd Bank Portable speaker- Private sector lender IndusInd Bank Indulsnd Bank
launched a 4G Soundbox that provides instant voice-based
Corporate Office: Mumbai
payment alerts to help merchants with instant confirmation of
the digital payment. This will be especially useful for Registered Office:Pune
merchants who run a physical store like a kirana shop or a
CEO: Sumant Kathpalia
retail store and have started using online payments. The
Soundbox has a dedicated 4G SIM slot compatible across
networks for data connectivity.
Borosil Renewables & Acquisition-India's first solar glass manufacturer Borosil Borosil Renewables
Interfloat Group Renewables Ltd has acquired 86 per cent stake in Europe's
largest solar glass manufacturer Interfloat Group. This
acquisition will make a wider range of solar glass available to Chairman: Pradeep Kheruka
BRL's expanded customer base in Europe. Borosil leverages
Interfloat Group
its highly efficient production technology to bring greater
productivity and a lower carbon footprint to the Interflaot Headquarters:
Group. Ruggell,Liechtenstein
Chairman: Christian Kern
Dabur India Acquisition-Fast-moving consumer goods major Dabur India Dabur

is set to enter the branded spices and seasoning category. It
Headquarters: Ghaziabad
has signed an agreement to acquire 51 percent in Badshah
Masala for a cash consideration of Rs 587.52 crore. The CEO: Mohit Malhotra
acquisitions in line with its strategic intent to expand its food
biz to Rs 500 crore in three years. Dabur expects to complete
the stake buy on or before March 31, 2023. It would also
acquire the residual 49 per cent stake after five years.
Cognizant 5G experience centre for digital transformation-Cognizant Cognizant

& is expanding its collaboration with Qualcomm Technologies
Qualcomm Inc. to accelerate enterprise digital transformation through a
United States
new 5G experience centre in Atlanta, US. The collaboration
combines Cognizant's experience in 5G, IoT, cloud, and data CEO: Brian Humphries
analytics with Qualcomm Technologies' intelligent edge
Qualcomm
devices, AI, and 5G connectivity solutions. The centre is
designed to help clients imagine, test, and deploy next- Headquarters: US

Monthly BeePedia
October 2022

generation solutions by pairing private 5G networks and Multi- CEO: Cristiano Amon
Access Edge Computing (MEC) technologies to deliver
unique advantages.
KKR Acquisition- Global investment firm KKR will acquire Ness KKR & Co. Inc.
& Digital Engineering from The Rohatyn Group in a deal
Ness Digital estimated to be worth USD 500 million. Headquarters: New York,
United States
Engineering
CEO: George R. Roberts
Ness Digital Engineering

United States
CEO: Ranjit Tinaikar
SEBI and FINANCIAL AWARENESS

SEBI makes OTP validation a must for mutual fund investments from FY24
 The Securities and Exchanges Board of India (SEBI) has extended the two-factor authentication
rule presently applicable on mutual fund (MF) redemptions to include MF subscription transactions as
well.Investors will have to authenticate new investments in mutual funds through a one-time
password from April 1, 2023. For offline transactions, the validation will happen through signature.
Learn Along:
SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch
A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks,
bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio.
Markets regulator SEBI rolls out the framework for portfolio managers
 SEBI asked portfolio managers to put in place written down policy specifying role and
responsibilities of teams engaged in fund as well as risk management with regard to management
of client funds and securities.The rule mandates a portfolio manager to segregate each clients' funds
and portfolio of securities and keep them separately from his own funds and securities and be
responsible for the safekeeping of clients' funds and securities.
 Also, portfolio managers will have to put in place a specific policy, which provide for specific
situations (not generic) wherein the orders will be placed for each client individually or pooled from
the trading account of the portfolio manager, the scenarios in which deviation from the allotment of
securities as intended at the time of placement of order would be permissible, if at all.
 Besides, they need to mention situations, wherein, the portfolio manager is required to place certain
margins or collateral in order to execute certain transactions, details on how such margins or
collaterals will be segregated from amongst various clients, without affecting the interest of any
client.

Monthly BeePedia
October 2022
Learn Along:
Portfolio managers are investment decision-makers. They devise and implement investment strategies and processes
to meet client goals and constraints, construct and manage portfolios, make decisions on what and when to buy and
sell investments.
SEBI approves new option for appointment, removal of independent directors
 SEBI approved introduction of a new option for appointment and removal of independent directors
from the boards of companies.The move will provide flexibility in the approval process for
appointment or removal of independent directors.Once the amended rules are in place, the appointment
and removal of independent directors could be done by way of two parameters - the threshold for
ordinary resolution and the threshold for majority of minority shareholders. Currently, the
appointment, re-appointment or removal of independent directors is to be made through a special
resolution.
SEBI tightens disclosure norms for IPOs; to relax rules for open offers
 SEBI approved a good deal of changes to various regulations, including tightening the disclosure
requirements for initial public offerings.SEBI also decided to relax the pricing rules for open offers
with respect to the disinvestment of public sector undertakings.For IPOs, the regulator mandated
the issuers to disclose the offer price based on past transactions and fund raising activities.Also,
companies contemplating IPOs will soon have the option to make confidential pre-filing of offer
documents.
SEBI allows foreign investors to trade in commodity derivatives
 The Securities and Exchange Board of India (SEBI) allowed foreign investors to participate in Indian
exchange-traded commodity derivatives (ETCDs) through the FPI route, subject to conditions.FPIs will
be allowed to participate in cash settled non-agricultural commodity derivative contracts and indices
comprising such non-agricultural commodities.The move is aimed at further increasing depth and
liquidity in commodity derivative markets.Enhanced liquidity can gradually enable the Indian
commodity derivative market to serve as a global benchmark for various commodities, thereby shifting
India from the role of a price taker to a price setter.
Learn Along:
Foreign portfolio investment (FPI) refers to investing in the financial assets of a foreign country, such as stocks
or bonds available on an exchange.
An Exchange Traded Derivative is a standardised financial contract that is traded on stock exchanges in a regulated
manner. They are subject to the rules drafted by market regulators such as the Securities and Exchange Board of India
(SEBI).
SEBI cancels certificate of registration granted to Brickwork Ratings
 The Securities and Exchange Board of India (SEBI) canceled the recognition certificate granted to
Brickwork Ratings India, one of the seven registered credit rating agencies (CRAs) in the country, for
repeated lapses and irregularities in discharging its duties.The market regulator has directed Brickwork

Monthly BeePedia
October 2022
to slow down its operations within six months & during this period, Brickwork cannot onboard any new
clients or take fresh mandates.
Learn Along:
A credit rating agency is a company that reviews the creditworthiness of an entity that is in the process of or has
already issued debt. The resulting credit ratings are used by investors to evaluate whether they should invest in debt
securities.
Brickwork Ratings Headquarters: Bengaluru Chairman: Vivek Kulkarni
BSE gets SEBI's approval to set up a separate social stock exchange
 BSE received approval from the Securities Exchange Board of India (SEBI) to set up a social stock
exchange (SSE) as a separate segment of the BSE.In its circular, the regulator had specified minimum
requirements to be met by a non-profit organisation (NPO) for registration with SSE, disclosure
requirements for NPOs raising funds through the issuance of zero-coupon zero principal instruments and
put in place annual disclosure requirements that need to be made by NPOs on such exchanges.The listed
NPO will have to submit a statement of the utilisation of funds to SSE, as mandated under SEBI's rules,
within 45 days from the end of the quarter and an Annual Impact Report (AIR) within 90 days from
the end of financial year.
Learn Along:
BSE Headquarters: Mumbai MD & CEO: Ashish Kumar Chauhan
Social Stock Exchange -An SSE allows the listing of non-profit or non-government organisations on stock exchanges,
providing them with an alternative fund-raising structure. It may be listed on BSE or NSE.
SEBI gives approval of HSBC AMC's acquisition of L&T Investment Managers
 The Securities and Exchange Board of India (SEBI) has given its go-ahead to HSBC AMC's
acquisition of L&T Investment Managers. The $425-million deal was first announced in December 2021
and received Competition Commission of India’s (CCI) approval in March 2022. HSBC AMC’s mutual fund
(MF) schemes currently operated by L&T MF will either be transferred to HSBC MF or merged with
similar funds being operated by HSBC MF.
Learn Along:
HSBC Headquarters: London,UK Chairperson: Mark Tucker
Larsen & Toubro Headquarters: Mumbai CEO: S N Subrahmanyan
SEBI issues framework for dealing with suspension of rating agencies
 The Securities and Exchange Board of India (SEBI) has issued a framework for dealing with
suspension, cancellation or surrendering of license of credit rating agencies (CRAs) to ensure
orderly migration of the ratings.The regulator has directed CRAs to disclose prominently on their
website of SEBI’s order on suspension or cancellation.
 Further,they should allow their clients to withdraw any assignment given to the CRA, without any
additional cost. Also, not take any new clients or fresh mandates.However, in case of suspension of
certificate, the credit ratings assigned by the CRA shall not be valid during the period of suspension.
Learn Along:

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October 2022
A credit rating agency is a company that reviews the creditworthiness of an entity that is in the process of or has
already issued debt. The resulting credit ratings are used by investors to evaluate whether they should invest in debt
securities.
SEBI alters committee on commodity derivatives, panel to have 16 members
 Markets regulator SEBI has re-constituted its commodity derivatives advisory panel that examines
issues related to contract designs and new products in the segment as well as advises on matters
related to delivery mechanism and warehouses.Altering the advisory panel on commodity derivatives,
SEBI now has 16 members instead of 17. The panel would continue to be chaired by retired IAS officer
Ashok Dalwani.
 The panel also has representatives from SEBI, Niti Aayog, Reserve Bank of India, finance ministry,
National Bank for Agriculture and Rural Development (NABARD), Commodity Participants Association of
India (CPAI), Warehousing Development and Regulatory Authority (WDRA), and MMTC.Besides,
representatives of the commission for agricultural costs and prices, department of agriculture,
cooperation and family welfare, department of consumer affairs, department of food and public
distribution, and department of commerce are members of the committee.
Learn Along:
Commodity derivatives are financial instruments that allow investors to profit from commodities without actually owning
them, according to the definition. A derivatives contract entails the right to exchange a commodity at a later date for a
specified price.
Merchant bankers can't undertake any other business – SEBI
 According to the capital markets regulator SEBI, a merchant banker cannot carry on any business
other than those pertaining to the securities market.Since referral activities for non-security related
products and or services do not fall within the purview of the activities permitted by regulation 13A
(merchant banker rules) nor is specifically enumerated,thus they are not permitted to undertake such
activities.
Learn Along:
Merchant banking is a professional service provided by the merchant banks to their customers considering their
financial needs, for adequate consideration in the form of fee. Merchant banks are banks that conduct fundraising,
financial advising and loan services to large corporations. Merchant banker is a person who provides assistance for
the subscription of securities. The merchant banker plays an important role and carries a lot of responsibilities like,
private placement of securities, managing public issue of securities, stock broking, international financial advisory
services, etc.
SEBI allows stock brokers to place client bids on RFQ platform from January 1,2023
 SEBI announced that stock brokers registered under the debt segment of the stock exchanges will be
able to place bids on the Request for Quote (RFQ) platform on behalf of their clients from January 1,
2023. This facility will be in addition to the existing option of placing bids in a proprietary capacity.The
markets regulator expects that the new norm will enhance participation by the public, along with
helping in deepening the secondary market on the corporate bonds side.
Learn Along:
A request for quote (RFQ), sometimes also known as an invitation for bid (IFB), is a document that asks suppliers to
provide price quotes for the chance to fulfill a task or project. Some companies send RFQs as standalone requests, or
as part of the request for proposal (RFP) process.

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October 2022
Central Record Keeping Agencies (CRAs) of PFRDA have become Digi Locker Partner Organizations
to provide Subscriber Centric online Services
 As part of celebrations of 75 years of India’s independence and to commemorate Azadi Ka Amrit

Mahotsav, PFRDA is providing following additional features through Digi Locker. Central Record
Keeping Agencies (CRAs) of the regulator have become DigiLocker Partner Organisations to provide
subscriber centric online services.
 The two additional features being offered by the PFRDA include:
o Account opening using Driving License (DL) through DigiLocker
o Updation of existing address using DL through DigiLocker
 The facility can be availed by prospective subscribers opening their accounts with Protean CRA and
existing subscribers of Protean CRA for updating their address.
Learn Along:
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body under the jurisdiction of
Ministry of Finance, Government of India for overall supervision and regulation of pensions in India.
PFRDA Headquarters: New Delhi Chairman: Supratim Bandyopadhyay
A credit reporting agency, also referred to as a credit bureau, is a company that collects information about a
consumer or business’s financial and lending history. The information contained in a credit report is used to generate
that person’s credit score.Banks and lenders look at a consumer or business’s credit report and score to determine
creditworthiness
SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to 2 years; imposes
fines of Rs 15.75 cr
 SEBI has barred 10 entities, including Bombay Dyeing & Manufacturing Company Ltd and its
promoters — Nusli N Wadia, Ness Wadia and Jehangir Wadia — from the securities markets for up to two
years and levied a fine totalling Rs 15.75 crore on them for being involved in a fraudulent scheme of
misrepresenting the company’s financial statements.
 Others banned and penalised by Sebi are — Scal Services Ltd, a Wadia Group company, its then directors
D S Gagrat, N H Datanwala Shailesh Karnik, R Chandrasekharan, and Durgesh Mehta, who was joint
managing director and chief financial officer of Bombay Dyeing.
Learn Along:
Bombay Dyeing Headquarters: Mumbai Chairman: Nusli Wadia
SEBI fines 6 entities in Deutsche Mutual Fund front-running case
 Capital markets regulator SEBI has imposed penalties totalling Rs 15 lakh on six entities in a case
pertaining to front-running the trades of Deutsche Mutual Fund, which is now known as DHFL Pramerica
Mutual Fund.Those penalised by SEBI are — Kanchan Jena, Hemlata Dei Jena, Malati Lata Jena, Jayant
Chhaparia, Abhishek Chhaparia and Progressive Share Brokers.
Learn Along:
Deutsche Mutual Fund Headquarters: Mumbai CEO: Ajit Menon

Monthly BeePedia
October 2022
SEBI imposes Rs 27 lakh fine on 2 entities for violating regulatory norms
 Markets regulator SEBI imposed a total penalty of Rs 27 lakh on two entities for violating regulatory
norms in the matter of RFL International Ltd.The market regulator imposed a fine of Rs 17 lakh on RFL
International Ltd and Rs 7 lakh on its managing director Anish Shah for alleged fraudulent issuance
of share certificates.
Learn Along:
RFL International Ltd Headquarters : Ahmedabad CEO: Ahsan Khan Chowdhury
Utkarsh Small Finance Bank gets SEBI’s approval to float Rs 500-crore IPO
 Utkarsh Small Finance Bank has received capital markets regulator SEBI’s go-ahead to raise Rs 500-
crore through an Initial Public Offering (IPO). The lender may consider issue of securities aggregating up
to Rs 100 crore in a pre-IPO placement round. If such placement is undertaken, the fresh issue size will
be reduced.
Learn Along:
Utkarsh Small Finance Bank Headquarters: Varanasi MD & CEO: Govind Singh
SEBI suspends registration of RTA for three months over operational lapses
 The Securities and Exchange Board of India (SEBI) suspended the registration of Satellite Corporate
Services (SCS), a registrar and transfer agent (RTA), for three months for alleged lapses in operations.
 An RTA is a SEBI-registered intermediary tasked with the responsibility of recording-keeping of all the
transactions. SCS acted as an RTA mainly for SME IPOs.SCS’s certificate of registration will be restored
after three months only if the auditor is able to satisfy that the RTA has systems and procedures in place
in compliance with SEBI's regulations.
Learn Along:
Satellite Corporate Services Pvt Ltd Headquarters: Mumbai Director: Ramesh Churi
When a private company first sells shares of stock to the public, this process is known as an initial public offering
(IPO). In essence, an IPO means that a company's ownership is transitioning from private ownership to public ownership.
For that reason, the IPO process is sometimes referred to as going public.
SEBI reduces face value for debt securities to boost corporate bond market liquidity
 To enhance liquidity in the corporate bond market, SEBI reduced the face value of debt security and
non-convertible redeemable preference share issued on private placement basis to Rs 1 lakh from the
current Rs 10 lakh.If the face value and trading lot is reduced, more investors can participate, which
in turn will enhance the liquidity in the corporate bond market.
 The new guidelines will be applicable to all issues of debt securities and non-convertible redeemable
preference shares on private placement basis through new ISINs, on or after January 1, 2023.
Learn Along:
Preference shares commonly known as preferred stocks, are those shares that enable shareholders to receive
dividends announced by the company before receiving to the equity shareholders.
If the company has decided to pay out its dividends to investors, preference shareholders are the first to receive payouts
from the company.They are released to raise capital for the company, which is known as preference share capital. If the

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October 2022
company is going through a loss and winding up, the last payments will be made to preference shareholders before
paying to equity shareholders.
The ISIN (International Securities Identification Number) standard is used worldwide to identify specific securities
such as bonds, stocks (common and preferred), futures, warrant, rights, trusts, commercial paper and options. ISINs are
assigned to securities to facilitate unambiguous clearing and settlement procedures. They are composed of a 12-digit
alphanumeric code and act to unify different ticker symbols “which can vary by exchange and currency” for the same
security.
SEBI Extends Deadline For Rules On Direct ETF Transactions Through Asset Management
Companies
 Capital market regulator SEBI has postponed implementation of the clause restricting transactions of
less than ₹25 crores in passive funds to stock exchanges.
 In order to enhance liquidity in units of ETFs on the stock exchange platform, SEBI had earlier decided
that direct transactions in ETFs with AMCs shall be facilitated for investors only for transactions above
a specified threshold. In this regard, to begin with, any order placed for redemption or subscription directly
with the AMC must be greater than ₹25 crore.This new norm, which was supposed to be effective July
1, was deferred to November 1 and now, May 2023.
Learn Along:
An exchange traded fund (ETF) is a type of security that involves a collection of securities—such as stocks—that often
tracks an underlying index. ETFs are listed on exchanges and ETF shares trade throughout the day just like ordinary
stock.The first ETF was launched in India in December 2001 and was linked to Nifty 50
An asset management company (AMC) is a firm that invests pooled funds from clients, putting the capital to work
through different investments including stocks, bonds, real estate, master limited partnerships, and more. AMC
managers are compensated via fees, usually a percentage of a client's assets under management.
PFRDA revises equity exposure permitted in NPS for Tier I and Tier II accounts
 For Tier 1 and Tier II National Pension System (NPS) accounts, the Pension Fund Regulatory and
Development Authority (PFRDA) has modified the equity allocation standards. According to the new
regulation, subscribers can allocate up to 75% of their funds to equity (E) under active choice in a
Tier-I account without any tapering requirements once they turn 51 years of age.
 The option to allocate 100% of the subscriber's contribution to Asset Class E (Equity) in Tier-II
accounts under active choice is permitted by the statutory regulatory body without any restrictions
beginning at age 51 years of age. The following are the maximum allocations to different asset
classes:

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October 2022
 However, when a subscriber reaches the age of 51, the 75% cap on asset class E is lowered by 2.5%
annually and reallocated to government securities. The following matrix serves as the basis for the age-
based maximum equity threshold:
 The restrictions on asset class exposure that will now be imposed on Tier I subscribers in the private
sector and on all Tier II subscribers are listed below:
Learn Along:
National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable
the subscribers to make optimum decisions regarding their future through systematic savings during their working life.
NPS seeks to inculcate the habit of saving for retirement amongst the citizens. It is an attempt towards finding a
sustainable solution to the problem of providing adequate retirement income to every citizen of India
IRDAI allows foreign reinsurance branches, Lloyd to deport excess capital
 The Insurance Regulatory and Development Authority of India (IRDAI) allowed foreign reinsurance
branches (FRB) and Lloyd's India to repatriate excess capital. According to the IRDAI, to ensure
sufficient reinsurance capacity in India and to attract more players for offering reinsurance at a competitive
price, the free movement of assigned capital for foreign reinsurance branches is required.
 The Indian insurance regulator has allowed the repatriation of excess capital by FRBs and Lloyd's
India with prior permission and subject to the following provisions.The request to repatriate the assigned
capital shall be submitted by the foreign reinsurer, who is engaged in the reinsurance business through
a branch established in India, justifying the reasons for such request.
 A certificate will be issued from the foreign reinsurer stating that the reinsurer has net owned funds of Rs
5,000 crore or such amount as prescribed under Sec 6 (2) of the Insurance Act, 1938, as per the last
audited balance sheet.A minimum assigned capital of Rs 100 crore or such higher sum, as specified

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October 2022
by IRDAI, at the time of grant of certificate of registration net of provisions, as per regulations, shall always
be ensured.
Learn Along:
IRDAI Headquarters: Hyderabad Chairperson: Debasish Panda
Lloyd’s India Headquarters: Mumbai CEO: Shankar Garigiparthy
IRDAI Launches Bima Sugam, One-stop Shop For All Insurance Needs
 In a bid to digitise the insurance marketplace to the benefit of policyholders, the Insurance Regulatory
and Development Authority of India (IRDAI) has launched Bima Sugam. Bima Sugam is an online
marketplace offering a spot to all sellers of insurance on a single platform. The online platform,
encompassing both life and non-life insurance, is set to go live on January 1, 2023.
 Multiple insurance-related processes, including buying and selling of policies, keeping details of the
current policy handy (portability facilities), settling claims, and changing insurance agents, will be
accessible via Bima Sugam. It allows buyers to purchase life, motor, or health insurance policies
directly. These facilities will be available to customers via an electronic insurance account (E-IA).
 Bima Sugam also envisions web aggregators like PolicyX and PolicyBazaar, banks, brokers, and
insurance agents serving as facilitators in peddling insurance policies to customers.The forum will thrust
for end-to-end digitisation of the insurance-selling ecosystem. It will rely on policyholders giving
consent via Aadhaar verification.
 All the information stored in one place would make claim settlement a more comfortable process for
nominees/beneficiaries.Life Insurance Council and General Insurance Council will hold 30% stake for
Rs 25 crore fund infusion each, while Online PSUs will get 35% for Rs 30 crore. Brokers Association
will have 5% stake for Rs 3 crore infusion.
Learn Along:
e-Insurance Account' (eIA) is the portfolio of insurance policies of a proposer/policyholder held in an electronic form
with an insurance repository. This e-Insurance account facilitate the policyholder by providing access to the insurance
portfolio at a click of a button through internet.
IRDAI sets up a consultative committee to increase health insurance
 India’s insurance regulator has set up a 15-member committee for two years to give suggestions for
increasing health insurance coverage in the country.The 15-member committee is headed by Rakesh
Joshi, member at Insurance Regulatory and Development Authority of India (IRDAI), and it will have
representatives from the healthcare and insurance industries.
 The committee has been asked by the regulator to identify challenges in carrying out health
insurance business and make recommendations to facilitate ease.Among the terms of references, the
committee has been asked to make recommendations regarding appropriate product designs,
including a universal standard product that is basic and simple, keeping in mind the changing dynamics
of healthcare.
24-member IRDAI panel to develop insurance cover for rural population

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October 2022
 The Insurance Regulatory and Development Authority of India (IRDAI) has set up a 24-member
committee to develop and suggest an affordable and comprehensive cover for the rural population.
 While the proposed cover will be a benefit based / parametric structure, called Bima Vistaar, the IRDAI
has also asked the panel, which will be headed by Thomas M Devasia to recommend a regulatory
framework for the cover.
 The insurance regulator has also asked the committee to develop and suggest constitution and
operation of a preferably, women centric distribution channel to focus on reaching untapped/ rural
areas – Bima Vahak – and recommend the regulatory framework.The committee will explore and
recommend on how to bring about synergies in the working and operations of Bima Vahak, Bima Vistaar
and the digital platform – Bima Sugam.
 According to IRDAI, in order to facilitate availability of an affordable, simple but comprehensive cover
to the untapped areas and rural population, it is necessary to understand the needs and requirements
in those areas and formulate suitable risk cover and customized distribution channels who appreciate the
market dynamics in such areas.
BSE Technologies announces launch of KYC Registration Agency
 BSE Technologies, a subsidiary of BSE, announced the launch of KYC Registration Agency (KRA),
which maintains KYC records of investors in an electronic form. KRA is a SEBI-regulated intermediary
that grants the market participants authorization for investors' Know Your Client (KYC), which is
mandatory for investment in the securities market.KYC KRA has become a key segment for securities
market investors and acts as a starting point for any investor's journey in the securities market.
Learn Along:
BSE Headquarters: Mumbai MD & CEO: Ashish Kumar Chauhan
Rice procurement estimated at 518 lakh MT during Kharif Marketing Season 2022-23
 Rice procurement has been estimated at 518 lakh metric tonnes by Department of Food & Public
Distribution (DFPD), Ministry of Consumer Affairs and Food & Public Distribution for Kharif crop
of Kharif Marketing Season 2022-23.
 In order to supplement the nutritional requirements of public, government has mandated procurement of
rice in the form of fortified rice during this year.

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October 2022
 A quantity of 13.71 Lakh Metric Tonne coarse grains, considered as ‘Nutri-Cereals’, has also been
proposed for procurement by the States during the forthcoming Kharif Marketing Season.
Learn Along:
Ministry of Consumer Affairs and Food & Public Distribution Union Minister: Piyush Goyal
Punjab Govt announces hike in sugarcane price to Rs 380 per quintal
 Punjab Govt announced increasing the price of sugarcane to Rs 380 per quintal from the existing Rs
360 per quintal.Farmers will get an additional Rs 20 per quintal under state agreed price (SAP) of
sugarcane as compared to last year. With this decision, the state government will spend an additional Rs
200 crore annually to benefit the farmers.
Learn Along:
About Punjab
Capital: Chandigarh Chief minister: Bhagwant Mann Governor: Banwarilal Purohit
Sugar exports up 57 pc to record 109.8 lakh tonnes in 2021-22; cane arrears at Rs 6,000 crore
 According to the data provided by the government, India’s sugar exports rose 57 per cent to 109.8 lakh
tonnes during 2021-22 marketing year ended September 2022, resulting in foreign currency inflow worth
about Rs 40,000 crore into the country.Sugarcane arrears to farmers stood at only Rs 6,000 crore at
the end of 2021-22 marketing year (October-September) as mills have already paid Rs 1.12 lakh crore
to farmers out to total payable amount of Rs 1.18 lakh crore.
 In 2021-22 marketing year, India has emerged as the world’s largest producer and consumer of
sugar as well as the world’s 2nd largest exporter of sugar. A record of more than 5,000 lakh tonnes
of sugarcane was produced in the country during 2021-22, out of which about 3,574 lakh tonnes were
crushed by sugar mills to produce about 394 lakh tones of sugar (sucrose).Out of this, 35 lakh tonnes
of sugar was diverted to ethanol production and 359 lakh tonnes of sugar was produced by sugar
mills.
Rice distribution through PDS, PMGKAY doubled in June-August period
 The Centre in order to manage its inventories has more than doubled the quantity of rice that it
distributes through the public distribution system (PDS) and also the Pradhan Mantri Gareeb Kalyan
Ann Yojana (PMGKAY) between June and August this year compared to the same period last year.For
the same time period, it has lowered the quantity of wheat allocated by almost a quarter.
 According to the latest grain stock levels, India will have adequate wheat and rice stocks by the end of
March 2023. The decision to replace wheat with rice was taken around May-June in view of a 57 per
cent drop in wheat procurement during FY23.
 The government is expecting that by the end of March 2023, India will have approximately 11.3 million
tonnes of wheat and 23.6 million tonnes of rice in the central pool after meeting all the requirements.
This would be significantly higher than the buffer requirement of 7.5 million tonnes for wheat and 13.6
million tonnes for rice.
Learn Along:
Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) is a part of Pradhan Mantri Garib Kalyan Package (PMGKP)
to help the poor fight the battle against Covid-19. The scheme aimed at providing each person who is covered under

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October 2022
the National Food Security Act 2013 with an additional 5 kg grains (wheat or rice) for free, in addition to the 5 kg of
subsidised foodgrain already provided through the Public Distribution System (PDS).
PMGKAY Ministry: Ministry of Finance Launch Year: 2020
The Public Distribution System (PDS) is an Indian food security system which evolved as a system for distribution of
food grains at affordable prices and management of emergency situations. It distributes subsidized food and non-food
items to India’s poor. This scheme was launched in June 1947. Over the years, PDS has become an important part of
Government’s policy for management of food economy in the country. PDS is supplemental in nature and is not intended
to make available the entire requirement of any of the commodities distributed under it to a household or a section of
the society.PDS has helped bring about the socio-economic justice by helping alleviate hunger, malnutrition, anaemia
among poorest of the poor, BPL citizens, women and children. The use of ICT to reduce the touch-points will further
increase the efficiency of PDS.
PM Modi releases 12th installment of Rs 16,000 crore to eligible farmers under PM-KISAN
 Prime Minister Narendra Modi released the 12th installment of financial benefit worth Rs 16,000 crore
to over 11 crore eligible farmers under the flagship PM-KISAN scheme.
 With this, the total amount transferred to the beneficiaries is expected to cross Rs 2.16 lakh crore. Under
the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), eligible farmers are provided with a financial
benefit of Rs 6,000 per year in three equal installments of Rs 2,000 each every four months. The fund
is directly transferred to the bank accounts of the beneficiaries.
Learn Along:
PM KISAN is a Central Sector scheme with 100% funding from Government of India.It has become operational from
1.12.2018.Under the scheme an income support of 6,000/- per year in three equal installments will be provided to all land
holding farmer families.Definition of family for the scheme is husband, wife and minor children.State Government and
UT administration will identify the farmer families which are eligible for support as per scheme guidelines.The fund will
be directly transferred to the bank accounts of the beneficiaries.
PM Modi launches single brand ‘Bharat’ for subsidized fertilizers; 600 Kisan Samruddhi Kendras
 The Centre has started a new scheme – Pradhan Mantri Bharatiya Jan Urvarak Pariyojana – One
Nation One Fertiliser – under which it is mandatory for companies to market all subsidised fertilisers
under single brand ‘Bharat’. The prime minister launched the single brand Bharat under the scheme
during the two-day event PM Kisan Samman Sammelan 2022. This is being done to prevent criss-cross
movement of fertilisers and reduce high freight subsidy.
 All subsidised soil nutrients – urea, di-ammonium phosphate (DAP), Muriate of Potash (MoP) and NPK
– will be marketed under the single brand Bharat across the nation. 600 PM Kisan Samruddhi Kendras
(PM-KSK) were also inaugurated that will act as a one-stop-shop for farmers who can buy products
and avail multiple services related to the agriculture sector.
 The Centre intends to convert more than 3.3 lakh fertiliser retail shops in the country into PM-KSK in
a phased manner. It will also provide testing facilities for soil, seeds and fertilisers. Information about agri-
inputs like seeds, fertilisers and farm implements government schemes will also be provided.
Learn Along:
The ‘One Nation, One Fertiliser’ scheme or the Pradhan Mantri Bhartiya Jan Urvarak Pariyojana was launched
during the event. Under this scheme, the all type of fertilisers, whether it is DAP, NPK or urea will be sold under the

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October 2022
brand name of ‘Bharat’. This will standardise fertiliser brands across the nation irrespective of the company that
manufactures it. One Nation, One Fertiliser’ scheme will ensure affordable quality fertiliser of Bharat brand to the farmers.
Tea Board modifies order on blending imported with Indian varieties
 The Tea Board India, superseded an earlier notification that prohibited blending any imported tea
with Indian varieties tagged with geographical indications (GI) and allowed it for end products not
claiming to be GI teas.
 In November,2021, the Tea Board under powers of the Tea (Marketing Control) Order, 2003, directed
registered buyers not to blend any imported tea with GI teas — Darjeeling, Kangra, Assam (orthodox) and
Nilgiri (orthodox).The Tea Board,now in its notification, has kept the importance of GI intact and
allowed blending only for teas not claiming the GI mark.
Learn Along:
Tea Board of India Headquarters: Kolkata Chairman: Shri Prabhat Kamal Bezboruah
A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities
or a reputation that are due to that origin.
Centre raises wheat MSP by 5.46%; biggest hike kept for mustard, lentils
 The central government hiked the minimum support price (MSP) for six mandated crops, raising the
price for whole wheat by 5.46 per cent.The new MSP for wheat will be Rs 2,125 per quintal as against
Rs 2,015 per quintal earlier. In absolute terms, this is the highest increase since 2018-19 marketing year.
The MSP for mustard was raised about 8 per cent to Rs 5,450 a quintal, that of lentil (Masur) was
raised by over 9 per cent to Rs 6,000 a quintal.
 The MSPs have been raised keeping in mind the need to provide farmers fair remuneration. The hike in
the MSP for mustard is in line with the government’s policy of encouraging farmers to shift from cereals
and grains to oilseeds and pulses.
Learn Along:
The minimum support price (MSP) is an agricultural product price, set by the Government of India to purchase directly
from the farmer. This is not enforceable by law. By definition, this rate is to safeguard the farmer to a minimum profit for
the harvest, if the open market has lesser price than the cost incurred.
Australia approves commercial release of GM variety of Indian mustard
 Australia approved the commercial cultivation of the genetically modified Indian mustard species called
‘Brassica juncea’ for herbicide tolerance.This is the first time a genetically modified variety of Indian
mustard has received commercial approval anywhere in the world.
 So far, the canola (Brassica napus) is perhaps the only genetically modified mustard variety that has
been cleared for commercial application.
Learn Along:
A GM or transgenic crop is a plant that has a novel combination of genetic material obtained through the use of modern
biotechnology.For example, a GM crop can contain a gene(s) that has been artificially inserted instead of the plant
acquiring it through pollination.

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October 2022
11 mt paddy purchase is Chattisgarh govt's target for this kharif season
 The Chhattisgarh government, which has set a target to purchase 11 million tonnes of paddy in the
current kharif marketing season, will begin procurement at the minimum support price (MSP) from its
foundation day on November 1,2022.Chhattisgarh, which is paying Rs 2,500 per quintal to farmers, is
the highest contributor of rice to the central pool after Punjab and Telangana.
Learn Along:
About Chattisgarh
Capital: Raipur Chief minister: Bhupesh Baghel Governor: Anusuiya Uikey
3rd Advance Estimates of area and production of horticultural crops for the year 2021-22 released
 Ministry of Agriculture and Farmers Welfare, Government of India has released the 3rd Advance
Estimates of the area and production of various horticultural crops for the year 2021-22. According to this
estimate, a record 342.33 million tonnes are estimated to be produced in an area of 28.08 million
hectares.
 Accroding to the data provided by the agricultural ministry, potato and tomato production is estimated
to have declined by 4-5 per cent during the crop year that ended July 2022, while onion output remained
higher than the previous year.The 3rd adavance estimates are as follows-
Horticultural Crops 3rd Adavnce Estimate (2021-22)

Fruits 107.24 million tonnes
Vegetables 204.84 million tonnes
Onion 31.27 million tonnes
Potatoes 53.39 million tonnes
Tomatoes 20.33 million tonnes
Learn Along:
Ministry of Agriculture & Farmers’ Welfare Union Minister: Narendra Singh Tomar
Govt extends curbs on sugar exports till Oct 31,2023
 Restriction on export of sugar (raw, refined, and white sugar) is extended beyond October 31, 2022 till
October 31, 2023. These restrictions will not be applicable on sugar being exported to the EU and the
US under CXL and TRQ duty concession quotas. A specified amount of sugar is exported to these
regions under CXL and TRQ (tariff rate quota).
Learn Along:
A TRQ (tariff rate quota )is a quota that establishes a limit on the quantity of a product that may be imported at a lower
(within access) rate of duty, but places no limit on the amount of product that may be imported at a higher (over access)
rate of duty.
NATIONAL
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October 2022
Operation GARUDA launched to dismantle drug networks
 The Central Bureau of Investigation has launched a multi-phase ‘Operation Garuda’ against illicit
drug trafficking network in close coordination with Interpol and Narcotics Control Bureau with special
focus on Indian Ocean region.
 The operation seeks to disrupt, degrade and dismantle drug networks with international linkages.
Learn Along:
About CBI
Founded: 1 April 1963 Headquarters: New Delhi Director: Subodh Kumar Jaiswal
About Narcotics Control Bureau

Founded: 17 March 1986 Headquarters: New Delhi DG:Satya Narayan Pradhan
About Interpol
The International Criminal Police Organization, commonly known as Interpol, is an international organization that
facilitates worldwide police cooperation and crime control.
Founded: 7 September 1923 Headquarters: Lyon, France President: Ahmed Naser Al-Raisi
PM’s Scheme for Mentoring Young Authors – YUVA 2.0– Launched
 The Ministry of Education, Department of Higher Education,launched YUVA 2.0 ((Young,

Upcoming and Versatile Authors) ) - Scheme for Mentoring Young Authors, an Author Mentorship
programme to train young and budding authors (below 30 years of age) in order to promote reading,
writing and book culture in the country, and project India and Indian writings globally.
 THEME : ‘Democracy (institutions, events, people, constitutional values – past, present, future)’
in an innovative and creative manner.
Learn Along:
About YUVA Programme
The Prime Minister of India, Narendra Modi had announced YUVA Scheme for the training of young writers this year.
The scheme stands for Young, Upcoming and Versatile Authors- YUVA. This happens to be a mentorship programme
for young authors and writers to provide them with motivation.
Launched: 29 May 2021
President Murmu launched start-up platform for women entrepreneurs
 President Droupadi Murmu launched a start-up platform `Her Start’ for women entrepreneurs created
by Gujarat University.
 The president inaugurated or laid foundation stones of various projects related to education and tribal
development at a function at Gujarat University.
 She inaugurated or laid foundation stones of projects worth Rs 1,330 crore at a function in
Gandhinagar.
Learn Along:
About Gujarat

Monthly BeePedia
October 2022
Capital: Gandhinagar Chief minister: Bhupendrabhai Patel Governor: Acharya Devvrat
Cheetah Task Force constituted
 Ministry of Environment, Forest and Climate Change has constituted a Task Force for monitoring
Cheetah introduction in Kuno National Park, Madhya Pradesh and other suitable designated areas.
Learn Along:
About Madhya Pradesh
Capital: Bhopal CM: Shivraj Singh Chouhan Governor: Shri Mangubhai Patel
About Ministry of Environment, Forest and Climate Change

Officeholder: Bhupender Yadav (Union Minister)
International Solar Alliance’s Fifth Assembly to be held in New Delhi from 17th to 20th October, 2022
 Shri R.K Singh , Union Minister for Power and New and Renewable inagurtaed the Fifth Assembly of
the International Solar Alliance to be held in New Delhi from 17th - 20th October, 2022.
 The Fifth Assembly of the ISA will deliberate on the key initiatives of ISA on three critical issues of
energy access, energy security, and energy transition.
 India holds the office of the President of the ISA Assembly.
Learn Along:
 The Assembly is the apex decision-making body of ISA, in which each Member Country is represented.
 This body makes decisions concerning the implementation of the ISA’s Framework Agreement and
coordinated actions to be taken to achieve its objective.
 The Assembly meets annually at the ministerial level at the ISA’s seat.
About The International Solar Alliance:

 The International Solar Alliance is an international organisation with 109 member and signatory countries.
 It works with governments to improve energy access and security worldwide and promote solar power as a
sustainable way to transition to a carbon-neutral future.
 ISA’s mission is to unlock US$ 1 trillion of investments in solar by 2030 while reducing the cost of the
technology and its financing.
 With the signing and ratification of the ISA Framework Agreement by 15 countries, on 6 December, 2017, ISA
became the first international intergovernmental organization to be headquartered in India.
First green tech incubation centre to come up at NIT Srinagar
 India’s first green technology incubation facility named Greenovator Incubation Foundation will
soon be opened at National Institute of Technology (NIT) Srinagar.
 The centre is expected to start by the end of 2023.
Learn Along:
About Department of Science and Technology
Founded: May 1971 Headquarters: New Delhi Secretary: S. Chandrasekhar
Tele Mental Health Assistance and Networking Across States (Tele-MANAS) initiative launched on
occasion of World Mental Health Day

Monthly BeePedia
October 2022
 On the occasion of World Mental Health Day, Tele Mental Health Assistance and Networking Across
States (Tele-MANAS) initiative of Union Ministry of Health & Family Welfare was launched virtually
by Sh. Thawar Chand Gehlot, Hon’ble Governor of Karnataka at National Institute of Mental Health
and Neurosciences (NIMHANS), Bengaluru.
 Tele-MANAS aims to provide free tele-mental health services all over the country round the clock,
particularly catering to people in remote or under-served areas.
Learn Along:
About Karnataka
Capital: Bengaluru Chief minister: Basavaraj Bommai Governor: Thawar Chand Gehlot
UN Secretary-General, PM launched initiative on environment in Gujarat
 United Nations Secretary-General Antonio Guterres attended the launch of a special

environmental programme, along with Prime Minister Narendra Modi and External Affairs
Minister S. Jaishankar, at the Statue of Unity in Kevadia, Gujarat.
 The programme, which is part of the “Lifestyle for Environment” (LiFE) initiative announced by Mr.
Modi in June, will be organised by the NITI Aayog.
 From October 25 to 31, the government launched “Unitea” marches in all 750 districts of the country
to highlight health and environment issues as well.
 Antonio Guterres unveiled the LiFE logo and tagline and released the mission document at the event
in which Union Minister of External Affairs S. Jaishankar and Gujarat Chief Minister Bhupendra Patel
were present.
Learn Along:
About United Nations
Founded: 24 October 1945 Headquarters: New York,The USA Secretary general: António Guterres
About LiFE Initiative

 At the 2021 UN Climate Change Conference (UNFCCC COP26), Hon’ble Prime Minister of India Shri Narendra
Modi announced Mission LiFE, to bring individual behaviours at the forefront of the global climate action
narrative.
 LiFE envisions replacing the prevalent 'use-and-dispose' economy—governed by mindless and destructive
consumption—with a circular economy, which would be defined by mindful and deliberate utilization. The Mission
intends to nudge individuals to undertake simple acts in their daily lives that can contribute significantly to climate
change when embraced across the world.
Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal Launches Solar-Electric
Hybrid High Speed Ferry and Inaugurates Floating Jetties at Panaji
 Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal launched a Solar-Electric
Hybrid High Speed Ferry and inaugurated a Floating Jetty project at Panaji.
 Both projects are expected to boost tourism in Goa while making transport more environment friendly.
 The Minister inaugurated the Jetty project funded by the Inland Waterways Authority of India.

Monthly BeePedia
October 2022
 The three jetties commissioned were built at a project cost of 9.6 Crore.
 The Solar-Electric Hybrid High Speed Ferry project is funded by the Government of Goa at a cost
of over 3.9 crores and has a carrying capacity of 60 passengers.
 Solar electric hybrid will help reduce the state’s dependence on fossil fuels.
Learn Along:
About Inland Waterways Authority of India
Founded: 27 October 1986 Headquarters: Noida Chairperson :Jalaj Shrivastava
About Goa
Founded: 30 May 1987 Capital: Panaji Chief minister: Pramod Sawant
Justice Chandrachud appointed the 50th Chief Justice of India
 President Droupadi Murmu appointed Justice D.Y. Chandrachud as the 50th Chief Justice of India
(CJI).
 Justice Chandrachud will take oath on November 9, a day after incumbent CJI Justice Uday Umesh
Lalit demits office on attaining the age of 65.
 Justice Chandrachud will serve as the CJI for two years. He will demit office on November 10, 2024
Learn Along:
About CJI
Formation: 28 January 1950 Nominator:Outgoing Chief Justice of India on the basis of Seniority
Appointer: President of India Term length:Until the age of 65
India, France re-elected as President and Co-President of International Solar Alliance
•Union Power and New and Renewable Energy Minister R K Singh & France Minister of
State for Development Chrysoula Zacharopoulou has been re-elected as President and
Co-President of the International Solar Alliance (ISA).
•The four - day International Solar Alliance began on 17th October under India’s
presidentship.
Learn Along:
About International Solar Alliance
Founded: 30 November 2015 Headquarters: Gurugram Director General: Ajay Mathur
K P Ashwini appointed UN special rapporteur
 In November, K P Ashwini will officially take over as the United Nations Special Rapporteur for
racism, racial discrimination, xenophobia and related intolerance.
 Ashwini was appointed as an independent expert on October 7 by the United Nations’ Human
Rights Council.
Learn Along:

Monthly BeePedia
October 2022
 Special rapporteurs are in charge of holding inquiries into violations and intervening in specific issues or urgent
situations.
 They also play an important role in the protection of human rights.
 They are independent, sit individually and cannot be appointed for more than six years.
 Their mission is to study and draft a report on a country’s situation with regard to a human rights issue.

Founded: 24 October 1945 Headquarters: New York, US Secretary general: António Guterres
Thundi and Kadmat Beach from Lakshadweep enter the coveted list of Blue Beaches
 Two more Indian Beaches, Minicoy Thundi and Kadmat have entered the coveted list of Blue Beaches.
 India now has 12 Blue Flag beaches, an eco-label honoured as the cleanest beaches in the world.
 The recognition is marked to be India’s commitment to safeguarding and preserving the pristine
coastal and marine environment through holistic management of the resources.
 List of 12 Blue Flag Beaches in India
S.No Beach State/UT

1 Eden Beach Puducherry
2 Kovalam Beach Tamil Nadu
3 Golden Beach Odisha
4 Shivrajpur Beach Gujarat
5 Kappad Beach Kerala
6 Ghoghla Beach Diu
7 Kasarkod Beach Karnataka
8 Radhanagar Beach Andaman & Nicobar Islands
9 Rushikonda Beach Andhra Pradesh
10 Padubidri Beach Karnataka
11 Minicoy Thundi Lakshadweep
12 Kadmat Lakshadweep
Learn Along:
 There are almost 33 criteria that must be fulfilled to qualify for a Blue Flag certification.
 Some of these criteria include water meeting certain quality standards, having waste disposal facilities, being
disabled-friendly, having first aid equipment, and having no access to pets in the main areas of the beach.
Some criteria are voluntary and some are compulsory.

Monthly BeePedia
October 2022
Shri Dharmendra Pradhan signs MoU with FIFA and AIFF for implementing Football4Schools
initiative in India
 The Ministry of Education signed an MoU in Mumbai with FIFA and All India Football Federation for
the ‘Football4Schools’ initiative in India.
 Benefits of Football for Schools Programme:
 Empower learners (boys and girls) with valuable life skills and competencies
 Empower and provide coach-educators with the training to deliver sport and life-skills activities
 Build the capacity of stakeholders (Schools, Member Associations and public authorities) to deliver
training in life skills through football
 Strengthen the cooperation between governments and participating schools to enable partnerships,
alliances and intersectoral collaboration.
Learn Along:
About FIFA
Founded: 21 May 1904 Headquarters: Zürich, Switzerland President: Gianni Infantino
About AIFF
Founded: 23 June 1937 Headquarters: New Delhi President: Kalyan Chaubey
INTERNATIONAL
New Presidents/PMs:
Country Name Appointed/Elected/Retir PM/President

ed
Iraq Abdul Latif Rashid Appointed President
Sweden Ulf Kristersson Elected PM
Italy Giorgia Meloni Elected PM
UK Rishi Sunak Appointed PM
Brazil Luiz Inacio Lula da Elected President

Silva
Russia recognizes Independence of two southern regions
 Russian President Vladimir Putin has recognised the independence of Ukraine's Zaporizhzhia and
Kherson regions.
 UN Secretary-General Antonio Guterres also rejected the annexation plans.
Learn Along:
About Russia
Capital: Moscow Currency: Russian ruble President: Vladimir Putin

Founded: 24 October 1945 Headquarters: New York,US Secretary-General:Antonio Guterres

Monthly BeePedia
October 2022
King Charles III decides to not attend international climate change summit COP27 to be held in
Egypt
 King Charles III made the decision of not attending the international climate change summit
COP27 to be held in Egypt.
 Charles had previously attended COP26, in Glasgow, Scotland.The summit is taking place from
16th to 18th November in the Red Sea resort of Sharm el-Sheikh.
Learn Along:
About King Charles III
Charles III is King of the United Kingdom and 14 other Commonwealth realms . He acceded to the throne on 8
September 2022 upon the death of his mother, Elizabeth II . He was the longest-serving heir apparent in British
history and, at the age of 73, is the oldest person to ascend the British throne.
Kazakhstan to change name of capital from Nur-sultan back to Astana
 Kazakh president Kassym-Jomart Tokayev has agreed to restore the former name of the
country’s capital to Astana just three years after he renamed it in honour of his predecessor.
Learn Along:
About Kazakhstan
Capital: Astana Currency: Kazakhstani tenge President:Kassym-Jomart Tokayev
Majestic Hindu temple opens in Dubai
 A majestic new Hindu temple that blends Indian and Arabic architecture designs has been
inaugurated in Jebel Ali Village in Dubai.
 The temple features detailed hand carvings, ornate pillars, brass spires and striking lattice screens
that blend Indian and Arabic architecture.
Learn Along:
About UAE
Capital: Abu Dhabi Currency: Dirham President: Mohammed bin Zayed Al Nahyan
Kuafu-1 satellite launched by China to unravel secrets of the Sun
 China has launched a new observatory (named Kuafu-1, after a giant in Chineses mythology who
chased the sun) that will look into the Sun after successfully integrating its under-construction Space
Station and approving the next phase of its lunar missions.
 The Advanced Space-based Solar Observatory (ASO-S) was launched onboard a Long March-2D
rocket.
 The satellite has been established in an orbit of about 720 kilometers above the planet.
 The spacecraft will examine the causality between the solar magnetic field and two major eruptive
phenomena, coronal mass ejection and solar flares.
Learn Along:
About China
Capital: Beijing Currency: Renminbi President: Xi Jinping

Monthly BeePedia
October 2022
Japan to scrap remarriage restrictions on pregnant women
 Japanese cabinet ministers approved the scrapping of a law that stipulates women pregnant at the
time of a divorce must wait 100 days before marrying again.
 The change will also remove a rule that grants parents the right to discipline children to whatever
necessary extent.
 Japan consistently ranks low in the World Economic Forum's annual Global Gender Gap report,
which takes political empowerment into account as well as health, education and economic participation.
 In 2022, the country was placed 116th out of 146 ranks.
Learn Along:
About Japan
Capital: Tokyo Currency: Japanese yen Prime minister: Fumio Kishida
NATO’s annual nuclear exercise gets underway
 Air forces from across NATO will exercise nuclear deterrence capabilities involving dozens of aircraft
over north-western Europe from 17 October to 30 October 2022.
 Exercise "Steadfast Noon" involves 14 countries and up to 60 aircraft of various types, including fourth
and fifth generation fighter jets, as well as surveillance and tanker aircraft.
 Steadfast Noon is hosted by a different NATO Ally each year.
 This exercise helps ensure that the Alliance’s nuclear deterrent remains safe, secure and effective.
Learn Along:
About NATO
The North Atlantic Treaty Organization also called the North Atlantic Alliance, is an intergovernmental military
alliance between 30 member states – 28 European and two North American.
Formation: 4 April 1949 Headquarters:Brussels, Belgium Secretary General:Jens Stoltenberg
‘SARANG – The Festival of India in Republic of Korea
 Indian Embassy in Seoul, South Korea organized anannual flagship cultural program ‘SARANG –
The Festival of India in Republic of Korea’.
 This was the 8th edition of the festival which was held from 30 Sept. – 14 Oct. 2022 at various locations
across the country.
 The word SARANG in Korean means ‘love’ and for Indians it refers to ‘diversity representing
different colours of India’.
Learn Along:
 Since its inception in 2015, SARANG festival has emerged as a prominent Indian cultural festival, introducing
India's rich and diverse cultural heritage.
About South Korea

Capital: Seoul Currency: South Korean won President: Yoon Suk-yeol
Chad’s President announces state of emergency as flood affects millions of people

Monthly BeePedia
October 2022
 The Central African country, Chad’s President Mahamat Idriss Deby has declared a state of
emergency as the country struggles to deal with exceptional flooding that has affected millions of people.
Learn Along:
About Chad
Capital: N'Djamena Currency: Central African CFA franc President:Mahamat Idriss Deby
Pakistan is out of FATF ‘grey list’ on terror funding
 The international watchdog on terror financing and money laundering agreed to remove
Pakistan’s name from the list of countries under ‘increased monitoring’.
 Four years after it was placed on the ‘grey list’ and penalised with severe financial strictures by the
Financial Action Task Force (FATF), Pakistan won a major reprieve.
Learn along:
About FATF (Financial Action Task Force)
Founded: 1989 Headquarters: Paris, France President: T Raja Kumar
FATF blacklists Myanmar, calls for due diligence to transactions in nation
 Money laundering and terrorist financing watchdog Financial Action Task Force (FATF) has put
Myanmar on the "black list" and has called on members to apply enhanced due diligence to business
relations and transactions in Myanmar.
Xi Jinping begins third term with key allies on board
 Chinese leader Xi Jinping began his unprecedented third five-year term in even firmer control of the
ruling Communist Party after filling the newly announced Politburo Standing Committee (PBSC) with
all of his allies.
 As many as four allies of Xi Jinping were appointed to the PBSC that was announced after the first
meeting of the new Central Committee, which was unveiled following the conclusion of the CPC congress.
Learn Along:
About China
Capital: Beijing Currency: Renminbi Official language: Mandarin
Cyclone Sitrang
 Cyclone Sitrang crossed over Bangladesh recently.

 Cyclone 'Sitrang' is named by Thailand.
Learn Along:
About Bangladesh
Capital: Dhaka Currency: Bangladeshi taka Prime minister: Sheikh Hasina
Elon Musk in charge of Twitter, takes over social media giant in $44 billion deal
 Tesla CEO Elon Musk has become new in charge of Twitter after finalizing a $44 billion deal.

Monthly BeePedia
October 2022
 Twitter Indian-Origin CEO Parag Agrawal, who was appointed to the position in 2021, and finance
chief Ned Segal have left the company’s headquarters in San Francisc.
 Elon Musk confirmed in October 2022 that he will move forward with the Twitter buyout at the original
agreed price of RS. 54.20 per share.
Learn Along:
About Twitter
Founded: 21 March 2006 Headquarters: San Francisco, California, United States
Founders: Jack Dorsey, Noah Glass, Evan Williams, Biz Stone
“Fiji will be the first country in the Pacific to host World Hindi Conference”
 Fiji will be hosting the 12th World Hindi Conference next year from February 15-17, 2023 in the Fijian
city of Nadi.
 External Affairs Minister S Jaishankar launched the logo and website of Vishwa Hindi Diwas along
with V. Muraleedharan, Minister of State for External Affairs and Permanent Secretary for Fijian Ministry
of Education, Heritage and Arts Anjeela Jokhan.
 Fiji is the first country in the Pacific to host the prestigious event.
Learn Along:
About Fiji
Capital: Suva Currency: Fijian dollar Continent: Oceania
STATES
Kerala's Pullampara is first fully digital literate panchayat in India
 Pullampara has become the first grama panchayat in India to attain full digital literacy.
 The ‘Digi Pullampara project was started on August 15, 2021.
 The vision behind the project is that people can use the digitally obtained information for better
productivity.
Learn Along:
Digital India
 Digital India is a campaign launched by the Indian Government on July 1, 2015. Prime Minister Narendra Modi
launched the campaign.
 The vision behind the campaign is to ensure that the Government’s services are available to people
electronically.
 The campaign ensures improved online infrastructure by increasing internet connectivity or making the nation
digitally empowered in the field of technology.
About Kerala
Capital: Thiruvananthapuram Chief minister: Pinarayi Vijayan Governor: Arif Mohammad Khan
Gurugram To Get "World's Largest Safari"
 Haryana will get the world's largest jungle safari park in the Aravalli range.

Monthly BeePedia
October 2022
 The park will be 10,000 acres and cover the Gurugram and Nuh districts.
 Sharjah is the home to the largest curated safari park covering an area of about 2,000 acres. The
park was opened in February 2022. And the Aravalli park will be five times larger than the Sharjah park
 The Jungle safari project would be a joint project of the Ministry of Environment, Forest and Climate
Change and the Haryana government.
 The central government will also help with the funds to Haryana for the project.
Learn Along:
About Safari park
 A safari park is smaller than a game reserve and larger than a zoo. It is also known as a wildlife park where people
can ride their vehicles to watch freely roaming animals. It is a zoo-like commercial that attracts tourists to observe
the wildlife on their own or in visitors' vehicles.
About Haryana
Capital: Chandigarh Chief minister: Manohar Lal Khattar Governor: Bandaru Dattatreya
Uttar Pradesh government forms state’s first all-woman PAC battalions
 The Uttar Pradesh government announced the formation of the state’s first three all-woman
battalions of the Provincial Armed Constabulary (PAC) with the aim to entrust the responsibility of
security of the state with women.
 Three Provincial Sashastra Seema Bal PAC woman battalions are being established in the name of
Rani Avantibai Lodhi, Uday Devi and Jhalkari Bai, who sacrificed their lives in the freedom struggle
of India.
 They are being established at Badaun, Lucknow and Gorakhpur.
Learn Along:
About Uttar Pradesh
Capital: Lucknow Governor: Anandiben Patel Chief minister: Yogi Adityanath
J&K Tourism department inaugurates Bird Festival at Pahalgam in South Kashmir
 In the Union Territory of Jammu and Kashmir, a first of its kind Bird Festival 2022 was inaugurated
at Pahalgam in south Kashmir's Anantnag district on October 6.
 The Bird Festival was organised by the J & K Tourism Department in collaboration with Sanctuary
Nature Foundation.
 The Bird Festival will be clebrated for 6 days.
Learn Along:
About Jammu and Kashmir
Union territory: 31 October 2019 Lieutenant Governor: Manoj Sinha
Capital : Srinagar (Summer), Jammu (Winter)
Gujarat CM Bhupendra Patel launched Gujarat Gati Shakti Portal
 In Gujarat, Chief Minister Bhupendra Patel launched Gujarat Gati Shakti Portal on October 6, at
GIFT City.
 Gujarat has become the first state to launch Gati Shakti Portal at State Level.

Monthly BeePedia
October 2022
 The portal will offer investors ease of doing business, by bringing more transparency to the
governance.
 The portal is developed by Gujarat Infrastructure Development Board in association with
Bhaskaracharya National Institute for Space Applications and Geo-informatics.
Learn Along:
About Gujarat
About Gati Shakti

 Prime Minister launched PM Gati Shakti - National Master Plan for Multi-modal Connectivity, essentially a digital
platform to bring 16 Ministries including Railways and Roadways together for integrated planning and
coordinated implementation of infrastructure connectivity projects.
 The multi-modal connectivity will provide integrated and seamless connectivity for movement of people,
goods and services from one mode of transport to another.
 It will facilitate the last mile connectivity of infrastructure and also reduce travel time for people.
 launched on: 13th October 2021
PM Modi declares Modhera as India’s first 24*7 solar powered village
 Prime Minister Narendra Modi has declared Modhera in Gujarat’s Mehsana district as first 24*7
solar powered villages in India.
PM dedicates Phase I of the Mahakal Lok Project to the nation at Shri Mahakal Lok in Ujjain, Madhya
Pradesh
 The Prime Minister, Shri Narendra Modi dedicated Phase I of the Mahakal Lok Project to the nation
at Shri Mahakal Lok in Ujjain, Madhya Pradesh.
 The project aims to decongest the entire area and also put special emphasis on the conservation
and restoration of heritage structures.
 The total cost of the entire project is around Rs 850 crores.
Learn Along:
Capital: Bhopal Chief minister: Shivraj Singh Chouhan Governor: Mangubhai C. Patel
Haryana govt signs MoU with Dubai for economic cooperation
 The Haryana government announced that the government of Dubai has finalized a memorandum of
understanding (MoU) with it for cooperation in various economic activities.
Learn Along:
About UAE
Capital: Abu Dhabi Currency: Dirham President: Mohammed bin Zayed Al Nahyan
About Haryana
Capital: Chandigarh CM: Manohar Lal Khattar Governor: Bandaru Dattatreya
Tamil Nadu notifies India’s first slender loris sanctuary

Monthly BeePedia
October 2022
 The Tamil Nadu government notifies the country's first Kadavur slender loris sanctuary on October
12, 2022.
 The sanctuary will be covering 11,806 hectares in the Karur and Dindigul districts of the State.
 The sanctuary will play a vital role in conserving the species.
Learn Along:
 Slender lorises are nocturnal mammals and are arboreal in nature.
 Slender lorises spends most of their life on trees.
 The species is considered endangered by the International Union for the Conservation of Nature (IUCN).
 Slender Loris is a biological predator of pests of agricultural crops and benefits farmers.
What are Endangered species?

 An endangered species is considered at risk of being extinct. Any species can be listed in the endangered list at
the federal, state, and international levels. Endangered Species Act manages endangered species at the federal
level.
Centre announces new Chief Justice for Karnataka, J&K, Rajasthan, and Ladakh high courts
 The central government announced the names of the new Chief Justice for Karnataka, Rajasthan,
Jammu & Kashmir, and Ladakh high The central government courts on October 11, 2022.
 Justice Pankaj Mithal has been appointed as the chief justice of the Rajasthan high court. Karnataka's
high court chief justice is Justice B Varale, and Justice AM Magrey has been appointed the chief justice
of Jammu & Kashmir and Ladakh.
Learn Along:
Role of the Chief Justice of the High Court
 Chief Justice serves as the Chair of the court. Their role and responsibilities cannot be bounded. However, some of
their responsibilities include superintending and controlling the subordinate courts.
 The justice can ask for details of proceedings from subordinate courts and issues rules regarding the working of the
subordinate courts. The person can also transfer any case from one court to another.
Coal India Ltd (CIL) to set up 1190 MW Solar Power Project in Rajasthan
 Coal India Limited (CIL) signed a Memorandum of Understanding with Rajasthan Vidyut Utpadan
Nigam Limited (RRVUNL), for developing a solar power project of 1190 MW in Jaipur.
 The proposed project, for which the MoU was inked will come up in Rajasthan’s upcoming solar park
cleared under the Ministry of New and Renewable Energy’s Ultra Mega Renewable Energy Power Parks.
 The project would begin in a phased manner and is expected to be an employment generator in the
state apart from providing cleaner power.
Learn Along:
About CIL
Founded: November 1975 Headquarters: Kolkata CEO: Pramod Agrawal
PM Modi in HP: Flags off Vande Bharat, lays foundation stone of hydropower projects in Chamba
 Prime Minister Narendra Modi has laid the foundation stone of two hydropower projects in Chamba
Himachal Pradesh and flagged off the Vande Bharat Express from Una to New Delhi.

Monthly BeePedia
October 2022
 This is the fourth Vande Bharat train available in the country.

 The introduction of the train will boost tourism in the region and provide a comfortable and faster
mode of travel.
 The Hydropower projects will produce over 270 million units of electricity every year.
 Narendra Modi also inaugurated the Indian Institute of Information Technology and laid the
foundation stone of a bulk drug Park in Una.
 The objective behind the formation of drug pharma is to have cheap and good treatment for patients.
 Apart from all these development projects, PM Modi will also launch Pradhan Mantri Gram Sadak
Yojana -3 in Himachal Pradesh for the upgradation of around three thousand 125 kilometers of roads in
the State.
Learn Along:
About Himachal Pradesh
Capitals: Shimla (Summer), Dharamshala (Winter) Chief minister: Jai Ram Thakur
Governor: Rajendra Vishwanath Arlekar
Shri Anurag Singh Thakur in the presence of Shri Shivraj Singh Chouhan announces Madhya
Pradesh as venue of 5th Khelo India Youth Games
 The upcoming edition of the Khelo India Youth Games will be held in Madhya Pradesh.
 The sports competition is scheduled to start on 31st January 31, 2023 and end on 11th February,2023.
 The upcoming edition of the Khelo India Youth Games will feature a total of 27 disciplines; water sports
being included for the first time in the history of the games.
 New disciplines like Canoe Slalom, Kayaking, Canoeing and Rowing will also feature alongside the usual
sports and the indigenous games.
 The Games will take place across eight cities of Madhya Pradesh - Bhopal, Indore, Ujjain, Gwalior,
Jabalpur, Mandla, Khargone (Maheshwar) and Balaghat.
Learn Along:
Capital: Bhopal Chief minister: Shivraj Singh Chouhan Governor: Shri Mangubhai Patel
PM Modi laid the foundation for Mega ropeway in Kedarnath
 Prime Minister Narendra Modi laid the foundation stone for the Gaurikund-Kedarnath ropeway and
Govindghat to Hemkund Sahib roapway and road widening projects in Kedarnath. The two projects are
worth around Rs1000 crore.
 PM Modi also inaugurated connectivity projects worth 3,400 crores in Mana village of Chamoli district
of Uttarakhand.
 NCC units, battalions, and Group Headquarters will soon be set up in remote and hilly areas for the
personality development of the youth.
Learn Along:
About Uttarakhand
Founded: 9 November 2000 Capitals: Dehradun (Winter), Gairsain (Summer)
Chief minister: Pushkar Singh Dhami Governor: Gurmit Singh
Punjab decides to restore old Pension Scheme for its Employees

Monthly BeePedia
October 2022
 The Government of Punjab has taken an in-principle decision to restore the old pension scheme for
its employees.
 The decision will benefit lakhs of employees who will be given the option of joining the old pension
scheme.
 Restoration of the old pension scheme, which was discontinued in 2004, has been one of the major
demands of the State Government employees.
Learn Along:
About Punjab
Capital: Chandigarh Chief minister: Bhagwant Mann Governor: Banwarilal Purohit
Karnataka: Ordinance to hike SC, ST reservation gets Gov nod
 Karnataka governor Thawarchand Gehlot gave his assent to the state government’s ordinance to
increase the quota of the Scheduled Caste (SC) and the Scheduled Tribe (ST) communities in jobs
and the education sector.
 “Henceforth, the reservation for SC will go up from 15 per cent to 17 per cent and ST community
quota will go up by 7 per cent from 3 percent.
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About Karnataka
Capital: Bengaluru Governor: Thawar Chand Gehlot Chief minister: Basavaraj Bommai
Indian Railways Resumes Service Of Historic Neral-Matheran Toy Train
 The renowned toy train between Neral and Matheran has resumed its services. This mini train is one
of the primary tourist attractions of Matheran, a small hill station 100 kilometres from Mumbai.
 Neral is a tourist destination in the Raigad region of eastern Mumbai District, approximately 80
kilometres from Mumbai's primary location.
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About Maharashtra
Capital: Mumbai Chief minister: Eknath Shinde Governor: Bhagat Singh Koshyari
Gujarat achieves 100 percent household tap connections under Jal Jeevan Mission
 Gujarat has been declared as a 100 percent 'Har Ghar Jal' state. Now all households in rural areas have
access to safe drinking water through taps in the state.
 As per the government data, all 91,73,378 houses in the state now have water connections.
Learn Along:
 Jal Jeevan Mission focuses on water service delivery and not just building water supply infrastructure.
 The motto of the Jal Jeevan Mission is 'no one is left out', thus ensuring every household irrespective of its socio-
economic status, gets tap water supply.
 Under the scheme, the government plans to provide potable tap water to all the villages in the country by 2024.
About Gujarat

Monthly BeePedia
October 2022
Gujarati new year 'Bestu Varsh'
 Gujarati New Year or Bestu Varsh was celebrated on 26 October. New Year was celebrated with
traditional zeal and fervor by Gujarati community across the globe today.
 In Gujarat, the new year which is popularly known as Bestu Varsh is celebrated as part of the five-day
Diwali Celebrations.
Gujarat announces assistance for farmers
 The Gujarat government announced a special ₹630 crore package for farmers who had suffered crop
losses during this monsoon.
 The compensation package will help nearly eight lakh farmers in 2,554 villages in 14 districts who had
suffered crop losses owing to floods caused by the heavy rains during the monsoon period.
 The package was announced after a loss-assessment survey was carried out in 14 districts:
Chhotaudepur, Narmada, Panchmahal, Navsari, Valsad, Dang, Tapi, Surat, Kutch, Junagadh,
Morbi, Porbandar, Anand and Kheda.
 As per the package announced,those farmers who suffered a minimum of 33% of damages or losses
will be eligible for compensation of ₹6,800 per hectare and a maximum of two hectares.
Orbital Rail Corridor Project launched in Haryana
 Union Home Minister Amit Shah laid the foundation stone of the Orbital Rail Corridor Project in
Faridabad, Haryana.
 Haryana Orbital Rail Corridor (HORC) project is part of the Transport Infrastructure Corridor in
Haryana in the approved Master Plan for the National Capital Region.
 The project received in-principle approval from the Haryana Government back in 2018 and the
Cabinet Committee on Economic Affairs gave its approval for the project in September 2022.
Haryana Orbital Rail Corridor:
 Haryana Orbital Rail Corridor is a new electrified Double Broad-gauge (BG) rail line of around 126 km
from Palwal to Sonipat, via Sohna, Manesar, and Kharkhaouda in Haryana, bypassing Delhi.
 The line will serve both the passengers and the freight traffic.
 Haryana orbital Rail Corridor will also have a 5km tunnel running through the Aravallis, and the work of
the line is expected to be completed by 2025.
 For the project, land acquisition for the Rs. 5,671 crores project is complete, and work on the ground
will begin in the next few weeks. Haryana Orbital Rail Corridor Project is expected to be completed by FY
2025-26.
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About Haryana
Capital: Chandigarh Chief minister: Manohar Lal Khattar Governor: Bandaru Dattatreya
Kerala on course to become fully women-friendly tourism destination

Monthly BeePedia
October 2022
 Kerala is set to become a fully women-friendly tourism destination by implementing a comprehensive

project to encourage the participation of women in all tourism activities and attract more women tourists
to the state.
 "Women-Friendly Tourism" project, an initiative of the State Responsible Tourism Mission (RT
Mission) was launched.
 The objectives of RT Mission include establishing women-friendly tourism centres and women
empowerment.
 Through the project, RT Mission aims to create a network of women’s units and tourism centres manned
by women.
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About Kerala
Capital: Thiruvananthapuram Chief minister: Pinarayi Vijayan Governor: Arif Mohammad Khan
REPORTS AND INDEXES

Back to Index
India ranks 40 in Global Innovation Index of World Intellectual Property Organization
 India has reached the 40th rank in the Global Innovation Index of the World Intellectual Property
Organization.
 India was at 81 positions in 2015 and 40th in 2022.
 List of top 10 countries in the Global Innovation Index 2022.
1. Switzerland
2. United States
3. Sweden
4. United Kingdom
5. Netherlands
6. Republic of Korea
7. Singapore
8. Germany
9. Finland
10. Denmark
Learn Along:
About Global Innovation Index
 Global Innovative Index represents the most innovative economies in the world.
 The ranking of a country is based on certain indicators such as its success and capacity for innovation.
 This ranking depends on both objective and subjective data derived from various sources.
 The ranking can help India to develop more innovative and creative ideas for the economical development of
country.
 The country can level up its start-up financing in distinct fields such as science and engineering, domestic industry
diversifications, and labour productivity growth.
 Global Innovation Index(GII) tracks the most innovative trends against the covid19 pandemic.
56 mn Indians may have turned poor in 2020 due to pandemic: World Bank

Monthly BeePedia
October 2022
 The World Bank in its latest “Poverty and Shared Prosperity” made fresh estimates of poverty using
a new extreme poverty line based on the purchasing power parity (PPP) of $2.15, the earlier one
being at $1.9.About 56 million Indians plunged into extreme poverty in 2020 as a result of the
pandemic, increasing the global tally by 71 million and making it the worst year for poverty reduction
since World War II.
 World Bank has used data from the Consumer Pyramids Household Survey (CPHS), conducted by
the Centre for Monitoring Indian Economy (CMIE), to estimate poverty in India in the absence of
Household Consumer Expenditure Survey data from the government since 2011-12. The report,
however also showed that poverty had declined in India since 2011, driven by a larger poverty reduction
in rural areas.
 But even though overall poverty has declined, it is by less than what earlier estimates used for global
poverty measurement would suggest. Previous estimates suggested a poverty headcount rate at the
$1.90 poverty line of 10.4 percent in 2017. The latest estimate shows that poverty at the $1.90 poverty
line was 13.6 percent in 2017.At the new poverty line of $2.15, extreme poverty in India declined to
10.01 percent in 2019 from 11.09 percent in 2018 before the pandemic came.
Learn Along:
The Centre for Monitoring Indian Economy is an independent private limited entity that serves both as an economic
think-tank as well as a business information company. CMIE research group has built databases on the Indian
economy and private companies.
Purchasing power parities (PPPs) are the rates of currency conversion that try to equalise the purchasing power of
different currencies, by eliminating the differences in price levels between countries.
World food price index fell for sixth consecutive month in September: FAO
 Driven by a sharp fall in the international prices of vegetable oils and moderate decreases in those of
poultry and dairy products, the Food and Agriculture Organization’s (FAO) world price index fell for
the sixth month in a row in September.FAO's food price index (FFPI), which tracks the most globally
traded food commodities, averaged 136.3 points in September versus a revised 137.9 for August.
 The index has fallen from a record of 159.7 in March. Despite the new decline, the FFPI remained 5.5
percent above its value in the corresponding month in 2021.Meanwhile, FAO's cereal price index rose
1.5 percent month-on-month in September, with wheat prices climbing 2.2 percent.The FAO All Rice
Price Index rose by 2.2 percent last month.FAO has lowered the forecast for global cereals trade in
2022-23 by 2.3 million tonnes, down to 467 million tonnes, pointing to a 2.4 per cent decline from the
2021-22 level. World cereal use in 2022-23 is expected to surpass production at 2.784 million tonnes,
leading to a projected 1.6 percent fall in global stocks compared with 2021-22 to 848 million tonnes.
Learn Along:
FAO Headquarters: Rome, Italy Director-General: Qu Dongyu
School-to-work transition facing major hurdles in India: WEF report

Monthly BeePedia
October 2022
 The report titled ‘Education 4.0 Report’, on how digital and other technologies can address learning
gaps and make education accessible to all, has been launched as part of WEF's Education 4.0 India
initiative.India has more than 60 million secondary and higher secondary students, but 85 per
cent of schools are yet to implement vocational courses as part of their curriculum.
 School-to-work (S2W) transition refers to the process of making students job-ready in a rapidly
evolving employment landscape.The report said, “The School-to-work (S2W) transition process is
still facing major hurdles such as lack of trainers, inadequate resources and infrastructure, poor
integration with the mainstream school curriculum, and poor linkages between localized skill gaps and
vocational courses."
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 The Education 4.0 India initiative was launched in May 2020 and has convened over 40 partners from the
education technology, government, academic and start-up communities.
 The report is the result of a collaboration between the World Economic Forum, the United Nations Children’s
Education Fund (UNICEF) and YuWaah (Generation Unlimited India).
 It tracks the progress and findings of the Education 4.0 India initiative, which focuses on how the fourth
industrial revolution technologies can enhance learning and reduce inequalities in access to education among
children in India.
 The report also explores challenges and identifies solutions that can be realised as scalable interventions to
enable India's youth to participate in the evolving workspace.
India's space economy expected to be worth $12.8 bn by 2025: Indian Space Association (ISpA) and
Ernst and Young.
 According to the report titled Developing the Space Ecosystem in India: Focusing on Inclusive Growth
released by Indian Space Association (ISpA) and Ernst and Young, India's space economy is likely
to be worth nearly USD 13 billion by 2025, with the satellite launch services segment set to witness
the fastest growth spurred by increasing private participation.The growing demand for smaller satellites
is set to boost satellite manufacturing in the country and will attract global start-ups in the sector to help
incubate space tech companies in India.
 India's space economy was pegged at USD 9.6 billion in 2020 and is expected to touch USD 12.8
billion by 2025. In dollar terms, the satellite services and applications segment would be the largest
with a turnover of USD 4.6 billion by 2025, followed by ground segment at USD 4 billion, satellite
manufacturing at USD 3.2 billion and launch services at USD 1 billion.The launch services segment
was pegged at USD 600 million in 2020 and is projected to grow at a compound annual growth rate of
13 per cent to reach USD 1 billion by 2025.
Learn Along:
Ernst & Young multinational professional services partnership that provides audit, consulting, tax, business risk,
technology and security risk services, and human capital services worldwide. The company, one of the Big Four
accounting firms, dates back to the early twentieth century.
Ernst & Young Headquarters: London,UK
Indian Space Association (ISpA) Headquarters: Delhi Chairman:Jayant Patil

Monthly BeePedia
October 2022
India's e-retail market to increase to $150 bn-$170 bn by 2027: Bain & Company & Flipkart
 According to the report titled How India Shops Online 2022 released by Bain & Company in
collaboration with Flipkart, India’s e-retail market is estimated to increase to $150 billion–$170 billion
by 2027. This implies that 25 per cent–30 per cent annual growth and a doubling of market penetration
to 9 per cent–10 per cent over the next five years.India is well poised to surpass the US to have the
second-largest shopper base (only behind China) in the next one to two years.
 India’s online shopper base is estimated to increase to 400–450 million by 2027, according to the
report. Most of these shoppers are already in the digital funnel—450–500 million used social media while
only 180–190 million shopped online in 2021.India currently has the third-largest shopper base globally,
with 180–190 million online shoppers in 2021.India’s e-retail market rose to approximately $40 billion in
2021 and is slated to reach $50 billion in 2022.
Learn Along:
Bain & Company is an American management consulting company that helps to to solve industry-defining challenges
in: strategy, marketing, organization, operations, information technology, digital transformation and strategy, advanced
analytics, transformations, sustainability, corporate finance and mergers and acquisitions, across all industries and
geographies.
Bain & Company Headquarters: Boston,United States
Flipkart Headquarters: Bengaluru CEO: Kalyan Krishnamurthy
13 states can incur capex worth Rs 7.4 trillion in FY23: ICRA report
 According to the rating agency ICRA, a total of 13 states, with 85 percent share of India’s Gross
Domestic Product (GDP), have the fiscal space of Rs 7.4 trillion for capital spending in the current
fiscal (FY23). That is 81 percent higher than the capex of Rs 4.1 trillion they incurred in FY22.
 The funding potential is 29 percent higher than the states' FY23 budget estimate (BE) of Rs 5.8
trillion. ICRA’s assessment considered funds likely to be available from the unconditional market
borrowings of 3.5 per cent of gross state domestic product (GSDP). It factored the interest-free
capex loan the central government will give to states.
 The 13 states incurred a capex of Rs 915 billion in April-July 2022, approximately 16 percent of the
FY23 budgeted estimates. Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra,
Tamil Nadu, Uttar Pradesh, and West Bengal will have adequate resources to fully fund or exceed
budgeted capex for FY23 according to ICRA.However, the fiscal space available for the five
governments of Haryana, Rajasthan, Kerala, Punjab, and Telangana appears to trail the capex
budgeted for FY23.
Learn Along:
ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was set up in 1991 by
leading financial/investment institutions, commercial banks and financial services companies as an independent and
professional investment Information and Credit Rating Agency.
ICRA Headquarters: Gurugram CEO & MD : Ramnath Krishnan

Monthly BeePedia
October 2022
India to become world's third-largest economy by FY28 – IMF
 According to the International Monetary Fund’s (IMF’s) World Economic Outlook By 2025-26
(FY26), the Indian economy would equal Germany’s to be the fourth-largest. It would become the
third-largest by 2027-28 (FY28), when it is projected to grow bigger than Japan.By 2026-27, India’s
economy would not be $5 trillion as hoped by the finance ministry, but close enough. It would be
$4.94 trillion that year.
 The following year, India’s economy would hit the $5.36-trillion mark, higher than Japan’s at $5.17
trillion. That year, India would become the third-largest economy. India would become a $3.47-trillion
economy, while the UK’s would be $3.2 trillion in the current financial year (2022-23), according to
the data provided by the IMF.
 By FY26, India’s economy would be $4.55 trillion, equal to the size of Germany’s which was bigger
than the former by over $1 trillion in FY22. In fact, if figures are not rounded off, India’s economy would
be bigger than Germany’s by $1 billion in FY26.
Global Hunger Index is out, India in ‘serious’ category at rank 107
 India ranks 107 out of 121 countries on the Global Hunger Index in which it fares worse than all
countries in South Asia barring war-torn Afghanistan.India also ranks below Sri Lanka (64), Nepal (81),
Bangladesh (84), and Pakistan (99). Afghanistan (109) is the only country in South Asia that performs
worse than India on the index.
 India’s child wasting rate (low weight for height), at 19.3%, is worse than the levels recorded in 2014
(15.1%) and even 2000 (17.15), and is the highest for any country in the world and drives up the region’s
average owing to India’s large population.Prevalence of undernourishment has also risen in the
country from 14.6% in 2018-2020 to 16.3% in 2019-2021. This translates into 224.3 million people in
India considered undernourished.
 India has shown improvement in child stunting, which has declined from 38.7% to 35.5% between
2014 and 2022, as well as child mortality which has also dropped from 4.6% to 3.3% in the same
comparative period.
Learn Along:
 The Global Hunger Index (GHI) is a tool for comprehensively measuring and tracking hunger at global, regional,
and national levels.
 GHI scores are based on the values of four component indicators - undernourishment, child stunting, child
wasting and child mortality.
IISc retains top position, 8 IITs in overall list: THE World University Rankings
 Indian Institute of Science (IISc) retained the first spot in the Times Higher Education World
University Rankings 2023 for India while it was ranked 250th overall. Globally, the University of
Oxford secured the first spot for the seventh consecutive year, Harvard University held the second
place, but the University of Cambridge jumped from joint fifth last year to joint third this year.

Monthly BeePedia
October 2022
Here’s a list of top 10 Indian institutions in THE World University Rankings 2023
1. Indian Institute of Science
2. JSS Academy of Higher Education and Research
3. Shoolini University of Biotechnology and Management Science
4. Alagappa University
5. Mahatma Gandhi University
6. Indian Institute of Technology - Ropar
7. International Institute of Information Technology
8. Jamia Milia Islamia
9. Saveetha Institute Medical and Technical Sciences
10. Banaras Hindu University
Learn Along:
 The Times Higher Education World University Rankings 2023 include 1,799 universities across 104
countries and regions.
 This is based on 13 performance indicators that measure an institution’s performance across four areas: teaching,
research, knowledge transfer and international outlook.
India may attract $475 bn in FDI over next five years: CII-EY survey
 According to the study conducted by industry body Confederation of Indian Industries and
consultancy firm EY, an overwhelming majority of multinational companies (MNCs) operating in
India feel that the country’s economy will perform well over the next 3-5 years, backed by the strong
momentum in domestic consumption, services, digital economy and infrastructure. 71 per cent of
MNCs see the country as an important destination for their global expansion.
 The report underscores that India has optimistic growth prospects for foreign investments, with a
potential to attract FDI flows of $475 billion in just the next five years. The report showed that a
majority of MNCs feel the Indian economy will perform significantly better in 3-5 years backed by 96
per cent of respondents being positive about overall India’s potential due to strong consumption
trends, digitisation, and a growing services sector, along with the government’s strong focus on
infrastructure and manufacturing.
 Over 60 per cent of MNCs in the report stated improvement in the business environment in the last
three years and appreciated the impact of GST, the government’s digital push in various spheres, and
transparency in taxation, amongst other reforms.
 The country’s thrust on structuring modern Free Trade Agreements (FTAs) to boost trade and create
cross-border investment opportunities also found favour with MNCs with 82 per cent supporting the
trade initiatives as they expected them to create new opportunities.
Learn Along:
CII Headquarters: NewDelhi President: Sanjiv Bajaj
Ernst & Young Headquarters: London,UK CEO: Carmine Di Sibio

Monthly BeePedia
October 2022
Global Hunger Index: India ranks 107 on list of 121 nations
 India ranks 107 on the latest Global Hunger Index (GHI) published by Concern Worldwide and
Welthungerhilfe, of the 121 countries assessed, making it the worst-performing Asian nation save
conflict-torn Afghanistan. It again ranks far behind neighbours Sri Lanka (64th), Nepal (81st),
Bangladesh (84th), and even Pakistan (99th). The country, as was the case with the rankings from
the past couple of years, also lags other large emerging economies, including China, Brazil and Russia.
 India’s score of 29.1 puts it in the ‘serious’ category based on how GHI assigns severity of ‘hunger’.
While India has been seeing a general trend of decline across all four indicators for some years, its
showing on child wasting (low weight for their height, signalling acute malnutrition) and
undernourishment has worsened slightly in 2022 over 2014. At 19.3%, India has the highest child
wasting rate of all countries covered in the GHI.
 While child stunting (low height for age among children under five years of age) has seen a significant
decrease — from 54.2% in 1998–1999 to 35.5% in 2019–2021 — it is still considered very high. The
hunger score of the world is currently at 18.2, which has been only slightly lower than the 2014
score of 19.1.
Learn Along:
The Global Hunger Index is a peer-reviewed annual report, jointly published by Concern Worldwide and
Welthungerhilfe, designed to comprehensively measure and track hunger at the global, regional, and country levels.
It is designed to raise awareness and understanding of the fight against hunger, and call attention to those areas of
the world where hunger levels are highest and where the need for additional efforts to eliminate hunger is greatest.
Poverty in India fell by 415 million in 15 yrs; still has maximum poor: Multidimensional Poverty
Index (MPI)
 According to a new Multidimensional Poverty Index (MPI) jointly by the United Nations Development
Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University
of Oxford, the number of people living below the poverty line in India decreased by 415 million
between 2005-06 and 2019-21. India’s multidimensional poverty fell by 140 million between 2015-
16 and 2019-2021 compared to a decline of 275 million between 2005-06 and 2015-16.
 However, the index has stated that India still has the world's highest number of poor at 228.9
million, followed by Nigeria (96.7 million projected in 2020).
 The report found that across 111 countries which were assessed using the most recent comparable
data available, 1.2 billion people (19.1 percent) live in acute poverty and almost half of these people
(593 million) are children under the age of 18 years. The developing region with the largest number of
poor people is Sub-Saharan Africa (nearly 579 million), followed by South Asia (385 million).
 According to the report, India had 97 million poor children in 2019-21. This translates into more than
one in five children (21.8 per cent)--more than the total number of poor people in any other country
covered by MPI.According to the report, India is the only country in South Asia where female-headed
households are poorer than male-headed households.
Monthly BeePedia
October 2022
 India is the only country in South Asia in which poverty is significantly more prevalent among
female-headed households than among male-headed households. About 19.7 per cent of people
living in female-headed households live in poverty compared with 15.9 per cent in male-headed
households.
 Ninety per cent of India’s poor people live in rural areas and 10 per cent in urban areas.Bihar
continues to be the poorest state in the country. Others among the top 10 poorest states were
Jharkhand, Meghalaya, Madhya Pradesh, Uttar Pradesh, Assam, Odisha, Chhattisgarh,
Arunachal Pradesh and Rajasthan. West Bengal was the only state among the top-10 poorest in
India in 2015-16, and not in 2019-21.
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United Nations Headquarters: New York, USA Secretary General: Antonio Guterres
UIDAI tops the Grievance Redressal Index for the second consecutive month
 Unique Identification Authority of India (UIDAI) has topped amongst all Group A Ministries,
Departments and Autonomous Bodies for resolving public grievances in the rankings report published
by the Department of Administrative Reforms and Public Grievances (DARPG) for the month of
September 2022. This is the second consecutive month UIDAI has topped the said rankings.UIDAI has
been a top performer in the resolution of Public Grievances received through Centralized Public
Grievance Redress and Monitoring System (CPGRAMS) and making continuous efforts to make
Aadhaar holders’ experience better.
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About UIDAI
 The Unique Identification Authority of India is a statutory authority established under the provisions of Aadhaar act
2016 by the Govt. of India under the Ministry of Electronics & Information Technology.
 Its vision is to empower residents of India with a unique identity and a digital platform to authenticate anytime,
anywhere.
 Unique Identification Authority of India (“Authority/UIDAI”) has its Headquarters (HQ) in New Delhi and eight
Regional Offices (ROs) across the country.
 UIDAI has two Data Centres, one at Hebbal (Bengaluru), Karnataka and another at Manesar (Gurugram), Haryana.
India’s pension system shows marginal improvement in global ranking: Mercer CFA Institute
Global Pension Index survey
 According to the 2022 Mercer CFA Institute Global Pension Index survey (MCGPI), India’s retirement
system has improved marginally from 2021 to rank at 41 out of the 44 countries examined. India
had an overall index value of 44.4, up from 43.3 in 2021, ranking 41 out of the 44 retirement income
systems analysed.The improvement was primarily due to an increase in its net replacement rates.
 The MCGPI is a comprehensive study of 44 global pension systems, accounting for 65 per cent of the
world’s population.It benchmarks retirement income systems around the world, highlighting some
shortcomings in each system, and suggests possible areas of reform that would help provide more
adequate and sustainable retirement benefits.
 Globally, Iceland was ranked at the top followed by the Netherlands, Denmark, Israel, Finland
and Australia.Thailand ranked last at 44, while Philippines was at 43 and Argentina was at 42. This
year’s MCGPI also features Portugal as a new addition ranking at 24.
Monthly BeePedia
October 2022
 According to the report, in the absence of social security coverage in India, the adequacy and
sustainability sub-indices can be improved significantly by boosting coverage under private pension
arrangements.
 The penetration of private pension plans is low in India and with over 95 per cent of the total
workforce being in the unorganised sector, there is a need for strong facilitation so that these workers
are not left out of the pension system.
India slips to 79th position globally in median fixed broadband speed, mobile speed ranking also
down: Ookla Speedtest Global Index
 According to Ookla Speedtest Global Index, India has dipped by 1 spot in Ookla global ranking in
both: the median mobile speeds and fixed broadband speeds from 117th to 118th and from 78th to
79th respectively.The ranking has dropped down; however, the median mobile speeds in India have
increased from 13.52 Mbps in August and 13.87 Mbps in September. There’s a slight increase in the
median download speeds in India as well; it saw a slight increase of 48.59 Mbps in September from
48.29 in August.
 Notably, Kosovo saw the biggest improvement in the Speedtest Worldwide Index for September,
moving up 42 places overall, while Norway maintained its top spot for overall global median mobile
speeds.In terms of total worldwide fixed median speeds, Madagascar saw the most improvement,
moving up 14 points to tie Chile for first place.
Shiv Nadar tops EdelGive Hurun philanthropy list, Azim Premji slips to 2nd spot; Adani’s
giveaways rise 46%
 According to the EdelGive Hurun India Philanthropy List 2022 report, HCL Technologies founder Shiv
Nadar, with an annual donation of Rs 1,161 crore has reclaimed the ‘India’s Most Generous’
title.Wipro’s Azim Premji has slipped to the second spot with an annual donation of Rs 484 crore,
down by 95%. Premji is the only living Indian to feature in Edelgive Hurun Philanthropists of the
Century with a donation of Rs 190 crore.
 Meanwhile Asian, and India’s richest man, Gautam Adani was ranled at number seven in the list as
his donations increased by 46%. The billionaire has donated over Rs 400 crore in three years. Reliance
chairman Mukesh Ambani has again ranked at number three with 3-year donation at Rs 1446 crore.
 The top 10 in the list cumulatively donated Rs 3,378 crore in FY22, as against a combined donation
of Rs 12,785 in the previous year’s list. Infosys co-founder Nandan Nilekani and his wife Rohini
Nilekani are ranked 9th and 11th respectively in the list and are active philanthropists.
 Kumar Mangalam Birla & family with a donation of Rs 242 crore are ranked fourth in the list. The
family has contributed around Rs 75 crore in their personal capacity.With a donation of Rs 165 crore,
Vedanta’s Anil Agarwal & family is at the 8th position in the list. Agarwal has increased his
contribution by 27% from last year. Infosys co-founder Kris Gopalakrishnan has given Rs 90 crore in
FY22 in his personal capacity.
Monthly BeePedia
October 2022
 A total of six women found their place in the list. With a donation of Rs 120 crore, Rohini Nilekani of
Rohini Nilekani Philanthropies is India’s most generous woman, followed Leena Gandhi Tewari of USV
who donated Rs 21 crore. Anu Aga & family of Thermax donated Rs 20 crore in FY22 to come in the
third spot.
SCIENCE AND TECHNOLOGY

Elon Musk unveils humanoid ‘Optimus’ robot
 Tesla CEO Elon Musk showcased his much-touted humanoid robot “Optimus” at the electric vehicle
maker’s “AI Day” event.
 The goal is to make a useful humanoid robot as quickly as possible.
Learn Along:
About Tesla
Founded: 1 July 2003 Headquarters: Texas, United States CEO: Elon Musk
Mangalyaan, India's Mars orbiter craft, completes eight years in orbit
 India's Mars orbiter craft has completed eight years in its orbit, beyond its designed mission life of
six months.
 The Mars Orbiter Mission (MOM) -- a technology demonstration venture -- is the maiden interplanetary
mission of the national space agency, the Indian Space Research Organisation (ISRO).
 Launched on November 5, 2013, the probe was successfully inserted into Martian orbit on
September 24, 2014 in its first attempt.
 To mark the latest milestone, ISRO has organised a 'National Meet on Eight Years of India's Mars
Orbiter Mission (MOM)'.
Learn Along:
About ISRO
Founded: 15 August 1969 Headquarters: Bengaluru Chairman: S.Somnath
Asteria Aerospace gets India’s first micro category drone certification from DGCA
 India’s first micro category drone type certification was received by the Asteria Aerospace Limited
for its primitive designed A200 drone from the Directorate General of Civil Aviation(DGCA) on
October 6, 2022.
 “Asteria’s A200 drone has been made for surveying and mapping applications in GIS, construction,
mining, agriculture and other industries.
 It weighs less than two kg.
 The drone has advanced features including automated take-off and landing, multiple fail-safes, single
pilot operation, tool-less assembly and disassembly, and a flight time of up to 40 minutes.
Learn Along:
About DGCA
Monthly BeePedia
October 2022
 The (DGCA) Directorate General of Civil Aviation is a statutory body of the Government of India to regulate
civil aviation in the country.
 DGCA became a statutory body under the Aircraft Amendment Act, 2020. It investigates and examines aviation
accidents and incidents maintaining all the regulations related to aviation.
 The body is also responsible for issuance of licences pertaining to aviation like SPL’s, PPL and CPL in India.
 DGCA is headquartered in New Delhi.
Nicole Mann: First Native American woman astronaut in space
 A US astronaut Marine Colonel Nicole Mann is set to become the first Native American woman &
second Native American in space following a Nasa launch on October 5, 2022.
 The other members of the crew include John Cassada, Koichi Wakata, and cosmonaut Anna Kikina.
 The four are set to spend 6 months on the ISS.
Learn Along:
 The first woman to visit Space was Valentina Tereshkova in 1963.
 Approx 12% of the space travelers were women by 2019. And as of April 2022, there were 73 women with completed
spaceflights.
 Some of the women who went into space include Kayla Barron, Shannon Walker, Jessica Meir, Anne McClain,
Sunita Williams, and much more.
Google to build its first cloud region in Greece
 Alphabet Inc's Google will set up its first cloud region in Greece,giving a boost to the country's efforts
to become a world cloud computing hub.
 The deal is estimated to contribute some 2.2 billion euros ($2.13 billion) to Greece's economic output
and create some 20,000 jobs by 2030.
 The investment would enable organisations to better use their data, help improve low latency and
ensure users' security in the face of cybersecurity threats, she said.
Learn Along:
About Google
Founded: 4 September 1998 Headquarters: California, United States
Founders: Larry Page, Sergey Brin
About Greece
Capital: Athens Currency: Euro PM: Kyriakos Mitsotakis
Droni: MS Dhoni launches made-in-India drone
 Mahendra Singh Dhoni, Indian cricket star launched a 'made-in-India camera drone' named 'Droni'
on October 9, 2022.
 MS Dhoni is the brand ambassador of Garuda Aerospace, a company that has attempted to offer
drone solutions for agricultural pesticide spraying, solar panel cleaning, industrial pipeline inspections,
mapping, surveying, public announcements, and delivery services.
 The drone is indigenous and can be used for distinct surveillance purposes.
Monthly BeePedia
October 2022
24*7 Tele-mental health service launched by the Government
 The Union Health Ministry has launched Tele Mental Health Assistance and Networking Across States
(Tele-MANAS), a 24*7 tele-mental service.
 The service will begin with 20 states and UTs and will subsequently be expanded to the whole country.
 The program was first announced in the 2022-23 Budget while acknowledging the mental health crisis
in the wake covid-19 epidemic.
 Tele-MANAS strives to increase access to mental healthcare in the whole country including the hard-
to-reach areas.
 The program aims to provide integrated medical and psychosocial interventions.
Learn Along:
World Mental Health Day
 World Mental Health Day was celebrated for the first time on October 10, 1992.
 Until 1994, the aim to celebrate the day was to promote mental health advocacy and educate the public.
AIIMS New Delhi is developing an AI-enabled device 'Colposcope' for screening cervical cancer in
women
 All India Institute of Medical Sciences, AIIMS New Delhi is developing an Artificial Intelligence enabled
device named Colposcope for the screening of cervical cancer in women.
 The images captured by the device will help detect the cancer of cervix.
 This device can be carried out by Healthcare workers in the field for the diagnosis of this disease.
NASA tends to launch its Moon Mega-Rocket (Artemis)
 NASA is targeting its next attempt to launch Artemis I on November 14, 2022.
 It's the only rocket with the capability to send the Orion spacecraft to the moon. For Artemis I, an
uncrewed Orion will fly several miles past and around the moon.
Learn Along:
 The rocket is named for the goddess who was Apollo's twin sister in ancient Greek mythology and targets to
return astronauts to the moon's surface as early as 2025, though many experts aspire that the time frame will likely
slip.
About NASA
Founded: 29 July 1958 Headquarters: Washington, D.C., United States
Serbian scientists name beetle after country's tennis star Novak Djokovic
 Scientists in Serbia have named a beetle after tennis star Novak Djokovic, crediting the insect’s
speed, strength, flexibility, durability and ability to survive in a difficult environment.
 The beetle has been named Duvalius Dokovicix.
 The beetle is a specialised underground Coleoptera beetle—a predator which lost its eyes living deep
underground.
Learn Along:
About Serbia
Capital: Belgrade Currency: Serbian dinar President: Aleksandar Vučić
Monthly BeePedia
October 2022
ISRO plans to launch Chandrayaan 3 by june 2023
 Indian Space Research Organization (ISRO) to launch Chandrayaan-3, the third mission to the moon,
in June 2023.
 ISRO also plans to fly Indian astronauts into orbit by the end of 2024 after carrying out successful
abort missions and uncrewed test flights.
 ISRO has developed Launch Vehicle Mark-3 (LVM3) more robustly so that it does not have any issues.
Learn Along:
 Chandrayaan-3 is a planned third lunar exploration mission by the ISRO(Indian Space Research Organization).
 The mission will be a repeat mission of Chandrayaan-2 and will consist of a lander and rover similar to
Chandrayaan-2.
 Chandrayaan 3 will be made at a cost of Rs 250 crore while Chandrayaan 2 was developed at a cost of Rs 978
crore.
About ISRO
Founded: 15 August 1969 Headquarters: Bengaluru Chairman: S.Somnath
ISRO successfully launches LVM3 M2, first dedicated commercial mission to place all 36 satellites
into intended orbits
 Indian Space Research Organisation (ISRO) launched its first dedicated commercial mission of Launch
Vehicle Mark 3 (LVM3) M2 satellite successfully from the Sathish Dhawan Space Centre Sriharikota in
Andhra Pradesh.
 The mission will enhance telecommunication and related services. The next Chandrayaan mission
will take place next year.
Cervical Cancer vaccine to be launched in India in 2023
 Serum Institute of India (SII) had to defer HPV vaccine production by two years because of the focus
on COVID-19.
 SII will start supplying small quantities of the dose to the Government of India in early 2023.
 Serum Institute of India is the world’s largest vaccine manufacturer which rushed with the production
of the multiple covid vaccines at its facility located in India once the shot was approved for use.
Learn Along:
About HPV Vaccine
 Human papillomavirus vaccines are vaccines that prevent infection by certain types of human papillomavirus.
 Available HPV vaccines protect against either two, four, or nine types of HPV. All HPV vaccines protect against at
least HPV types 16 and 18, which cause the greatest risk of cervical cancer.
About SII
Founded: 1966 Founder: Cyrus S. Poonawalla CEO: Adar Poonawalla
India’s first indigenous Overhauser Magnetometer
Monthly BeePedia
October 2022
 Indian scientists have developed an Overhauser Magnetometer, one of the most accurate
magnetometers extensively used by all magnetic observatories around the world, making way for
reducing the cost of sampling and sensing experiments essential for geomagnetic sampling.
 The sensor installed at Alibag Magnetic Observatory (MO) can absolve India’s dependence on
commercial OVH magnetometers for performing geomagnetic field measurements.
 OVH magnetometers are known for their higher accuracy, higher sensitivity, and efficient power
consumption and hence find applications in all magnetic observatories worldwide as well as in
international space programs.
 In order to reduce dependence on imports, the Indian Institute of Geomagnetism (IIG), an autonomous
research institution under DST, Government of India, has developed the magnetometer as part of its
technology development program.
Government gives environmental approval for gene modified mustard
 The Government of India has granted the environmental clearance for the indigenously developed
genetically modified (GM) mustard seeds.
 The latest decision has paved a way for the commercial use of its first genetically modified food
crop.
 India is the world’s biggest importer of edible oils, on which the country spends tens of billions of
dollars a year. The country fills more than 70% of its demand from Argentina, Indonesia, Brazil, Russia,
Malaysia, and Ukraine.
DEFENCE
Induction of indigenously built Light Combat Helicopter
 Defence Minister Rajnath Singh inducts the first developed Light Combat Helicopter “Prachanda”
into the Indian Air Force.
 The ceremony was held at Air Force Station, Jodhpur in Rajasthan.
 LCH has been developed by Hindustan Aeronautics Ltd(HAL).
 Light Combat Helicopter (LCH) is the only attack helicopter in the world that can land and take off at
an altitude of 5,000m with a considerable load of weapons and fuel.
 The aircraft has a range of 550 km and an operational ceiling of 6500m.
 Light Combat Helicopter can perform various roles such as combat search and rescue, destruction of
enemy air defence, and counter-insurgency operations in urban and jungle environments.
Learn Along:
 The induction of Prachanda into the Indian Air Force is expected to give further impetus to Atmanirbhar Bharat
Abhiyaan.
 Under the scheme, the government is promoting indigenous design, development, and manufacture of defence
equipment in the country to decrease imports.
 The Cabinet Committee on Security approved buying 15 indigenous LCH helicopters.
About HAL
Founded: 1963 Headquarters: Bengaluru Founder: Walchand Hirachand
Monthly BeePedia
October 2022
Indian and New Zealand Navy signs pact on White Shipping Information Exchange
 Indian navy signed an agreement with the Royal New Zealand navy on White Shipping
Information Exchange.
 The agreement was signed to promote greater transparency in the Maritime Domain.
Learn Along:
About White Shipping Information
 The White Shipping Information is the exchange of prior information regarding the movement and identity of
commercial non-military merchant vessels.
 Ships are classified into white, black, and grey signifying commercial, illegal, and military vessels respectively.
 White Shipping Agreement is an information network protocol that permits the navies of two countries to share
information about ships in their oceanic territories.
Government approves creation of Weapon Systems branch in Indian Air Force
 In a historic step for the Indian Air Force (IAF), Government has approved the creation of a new
branch, called the Weapon Systems (WS) branch.
 The creation of WS branch would entail unification of all weapon system operators under one entity
dedicated to the operational employment of all ground-based and specialist airborne weapon
systems.
 The branch would encompass operators in four specialised streams of Surface-to-Surface missiles,
Surface-to-Air missiles, Remotely Piloted Aircraft and Weapon System Operators in twin/multi-crew
aircraft. The branch will contribute immensely by enhancing the war fighting capability of the Indian Air
Force.
12th edition of DefExpo to begin on October 18, 2022
 The Ministry of Defence is organizing the 12th edition of the prestigious Biennial Defence
Exhibition- DefExpo 2022 in Gandhinagar, Gujarat. It will be held from October 18 to October 22.
 The mega defence exhibition will be focusing on Land Air, Naval, and Homeland Security systems.
 The seminars will be conducted by the leading industry associations, Think Tanks, Indian Defence
Public Sector Entities, and Defence Research, and Development Organisation (DRDO).
 The theme of the seminars will cover broadly Exports, Financing, and Investments in Defence start-
ups and MSMEs, and Atmanirbharta in Defence Research & Development.
Learn Along:
About Ministry of Defence
Officeholder: Rajnath Singh (Minister)
About Gujarat
Indian Navy conducts Offshore Security Exercise
 The Offshore Security Exercise ‘Prasthan’ in the offshore development area off Kakinada was
conducted by the Eastern Naval Command.
Monthly BeePedia
October 2022
 The half-yearly exercise was conducted in the KG basin to validate SOPs, address various
contingencies and strengthen the command & control organization toward maritime security.
 Prasthan exercise is coordinated by the Indian Navy and involves all the stakeholders in the maritime
domain, including the State Marine Police, oil and gas operators, the Indian Coast Guard, and the
Department of Fisheries.
Learn Along:
About Indian Navy
Founded:26 January 1950; (as current service) CNS: Admiral R. Hari Singh
Indian Navy Sailing Championship 2022
 Indian Naval Academy (INA), Ezhimala will be conducting Indian Navy Sailing Championship 2022
at the state-of-the-art Marakkar Watermanship Training Centre from 18 -21Oct 22.
 This Sailing Championship is one of the events being conducted by the Indian Navy to
commemorate Azadi ka Amrit Mahotsav & khelo India.
Government launches Integrated Pensioners’ Portal for Central Government Employees
 The Union Minister of State for Personnel, Public Grievances, and Pensions Dr. Jitendra Singh
launched an Integrated Pensioners’ Portal for the Central Government pensioners.
 The latest portal will act as a one-stop solution for all the needs of pensioners.
 BHAVISHYA, a portal for pension payment and tracking system is being integrated with the pension
Seva portal of the State Bank of India (SBI).
 The portal will enable the pensioners to get all the information and services in one place with a
single login.
India tests medium-range ballistic missile Agni Prime
 India successfully test-fired the next-generation Agni-Prime ballistic missile from the APJ Abdul
Kalam Island off the coast of Odisha.
 The strike range of the solid-fuelled canisterised missile is between 1,000 to 2,000 km.
 The Agni Prime is a medium-range nuclear-capable next-generation advanced missile developed by
Defence Research and Development Organization(DRDO).
 The missile has been developed as a successor for Agni-I and Agni-II in the operational service of
strategic Forces Command. It is also the sixth missile in the Agni series of ballistic missiles.
Learn Along:
 DRDO successfully test-fired Agni-P for the first time on 28 June 2021 from Abdul Kalam Island which carried two
multiple independently targetable reentry vehicles.
About DRDO
Founded: 1958 Headquarteres: Delhi, India. Chairman: Dr Sameer V Kamath
Indian, US militaries conduct 'Tiger Triumph' exercise
Monthly BeePedia
October 2022
 The miliaries of India and The US conducted the ‘Tiger Triumph’ humanitarian assistance exercise
at India’s Eastern Naval Command in Visakhapatnam.
 The ‘Tiger Triumph’ exercise was the second collaboration between the Indian and US militaries to
coordinate disaster relief in the region.
 The first such exercise – also conducted at Visakhapatnam – was held over nine days in November
2019 and featured more than 500 US Marines and sailors, with approximately 1,200 Indian sailors,
soldiers, and airmen.
 This year’s exercise involved 50 combined participants, and was focused on staff planning, with an
emphasis on processes for streamlining diplomatic, operational and logistical coordination.
Transport Aircraft for Indian Air Force to be made in India by Airbus Defence & TATA consortium
 In a major boost to ‘Make in India’ and domestic aviation manufacturing, Prime Minister Shri Narendra
Modi will lay the foundation stone of a transport aircraft manufacturing project for the Indian Air
Force (IAF) at Vadodara, Gujarat on October 30, 2022.
 The first 16 fly-away aircraft are scheduled to be received between September 2023 and August
2025.
 The first Made in India aircraft is expected from September 2026.
 C-295MW is a transport aircraft of 5-10 tonne capacity with contemporary technology that will replace
the ageing Avro aircraft of IAF. It has a rear ramp door for quick reaction and para dropping of troops and
cargo. Short take-off/land from semi-prepared surfaces is another of its features. The aircraft will
strengthen the logistic capabilities of the IAF.
Learn Along:
 The Cabinet Committee on Security had, on September 08, 2021, approved the procurement of 56 C-295MW
transport aircraft from M/s Airbus Defence and Space S.A., Spain. On September 24, 2021, Ministry of Defence
signed a contract with M/s Airbus Defence and Space S.A. for acquisition of the aircraft with associated equipment.
INDIA - France MILITARY EXERCISE GARUDA - VII AT AIR FORCE STATION JODHPUR GROUP (MCG)
MEETING
 Indian Air Force (IAF) and French Air and Space Force (FASF) are participating in a bilateral
exercise, named 'Garuda VIl', from 26 October to 12 November 2022 at Air Force Station Jodhpur.
 In this exercise, FASF will participate with four Rafale fighter aircraft, one A-330 Multi Role Tanker
Transport (MRTT) aircraft and a contingent of 220 personnel.
 The IAF is participating with Su-30 MKI, Rafale, LCA Tejas and Jaguar fighter aircraft, as well as
the Light Combat Helicopter (LCH) and Mi-17 helicopters.
 This joint exercise will provide a platform for both the countries to enhance operational capability
and interoperability, while also sharing best practices.
 This is the seventh edition of the bilateral exercise.
 The first, third and fifth editions were conducted in India in 2003, 2006 and 2014 at Air Force Stations
Gwalior, Kalaikunda and Jodhpur, respectively. The second, fourth and sixth editions were conducted in
France in 2005, 2010 and 2019.
Monthly BeePedia
October 2022
Singapore-India Maritime Bilateral Exercise ‘Simbex’ – 2022
 The Indian Navy is hosting the 29th edition of the Singapore-India Maritime Bilateral Exercise
(SIMBEX) from 26 to 30 October, 2022 at Visakhapatnam.
 SIMBEX-2022 is being conducted in two phases – Harbour Phase at Visakhapatnam from 26 to 27
October 2022 followed by the Sea Phase in Bay of Bengal from 28 to 30 October 2022.
 Two ships from Republic of Singapore Navy, RSS Stalwart (a Formidable Class Frigate) and RSS
Vigilance (a Victory Class Corvette) arrived Visakhapatnam on 25 October 2022 for participation in the
exercise.
 The Harbour Phase witnessed extensive professional and sporting interactions between the two navies
including cross deck visits, Subject Matter Expert Exchanges (SMEE) and planning meetings.
INDIAN NAVY PARTICIPATES IN MAIDEN TRILATERAL EXERCISE WITH MOZAMBIQUE AND

TANZANIA
 The first edition of India-Mozambique-Tanzania Trilateral Exercise (IMT TRILAT), a joint maritime
exercise among the Indian, Mozambique and Tanzanian navies commenced at Dar Es Salaam,
Tanzania on 27 Oct 22.
 Indian Navy is represented by the guided missile frigate, INS Tarkash, a Chetak helicopter and
MARCOS (Special Forces).
 The exercise has three broad objectives: capability development to address common threats through
training and sharing of best practices, enhancing interoperability, and strengthening maritime
cooperation.
 The exercise is scheduled over a three-day period from 27 to 29 Oct 22 and includes harbour and sea
phases.
CURTAIN RAISER: GOA MARITIME SYMPOSIUM (GMS) 2022
 The fourth edition of the Goa Maritime Symposium (GMS) is being conducted by the Naval War
College (NWC) at Goa from 31 Oct to 01 Nov 2022.
 The theme of GMS-2022 is “Maritime Security Challenges in the Indian Ocean Region: Converting
Common Maritime Priorities into Collaborative Mitigation Frameworks”.
Learn Along:
 Conceptualised and instituted by the Indian Navy in 2016, the GMS is a forum for fostering collaborative
thinking, cooperation and mutual understanding between India and key maritime nations of the Indian Ocean
Region (IOR).
 The symposium is conducted biennially by the NWC, Goa, and three editions of the event have been organised
thus far.
EVENTS
IBBI to celebrate its Sixth Annual Day
Monthly BeePedia
October 2022
 The Insolvency and Bankruptcy Board of India (IBBI) celebrated its Sixth Annual Day on 1st
October, 2022.
 In order to commemorate the establishment of the IBBI, it has instituted an Annual Day Lecture Series.
 To mark the occasion, an annual publication, “IBC: Idea, Impressions and Implementation” was
released.
Learn Along:
About IBBI and IBC
 The Insolvency and Bankruptcy Board of India (IBBI), being responsible for implementation of the
Insolvency and Bankruptcy Code (IBC), 2016, aims for reorganisation and insolvency resolution of
corporate persons, partnership firms and individuals in a time bound manner for maximization of the value
of assets, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.
 Founded: 1 October 2016
68th Wildlife Week starts at Nahargarh Biological Park & Zoo
 The 68th Wildlife Week in Rajasthan started from Nahargarh Biological Park.
 Wildlife Week is being celebrated from October 2-8 at Nahargarh Biological Park and Jaipur Zoo.
 There will be an essay competition, lecture, writing, quiz and wildlife picture recognition
competitions.
 The winners of the competition will be given prizes by the Forest Department in the closing ceremony.
IREDA celebrates "Cyber Jaagrukta Diwas"
 Indian Renewable Energy Development Agency Ltd. (IREDA) observed the "Cyber Jaagrukta
Diwas", to create cybersecurity awareness among all employees.
 Cyber Jaagrukta Diwas is an initiative launched by the Ministry of Home Affairs that requires all
government organizations to spread cybersecurity awareness.
 It is observed on first Wednesday of every month.
 The purpose is to create awareness and sensitize the Internet users on safeguarding against
cyber frauds and cybercrimes.
Learn Along:
About IREDA
 Indian Renewable Energy Development Agency Limited (IREDA) is formed in 1987 as a statutory and
autonomous organisation under Government of India and administratively controlled by the Ministry of New and
Renewable Energy.
 It’s headquartered in New Delhi.
First seminar of Agni Tattva campaign under LiFE mission held in Leh
 The first conference of the Agni campaign was organised in Leh, on the theme of ‘Sustainability and
Culture’.
Monthly BeePedia
October 2022
 The Agni Tattva campaign - Energy for LiFE, an initiative under the umbrella campaign of
Sumangalam, was launched by Shri R K Singh, Union Minister of Power and New & Renewable Energy,
in New Delhi on 21st September 2022.
 A series of seminars spanning the length and breadth of the country have been planned as a part of the
campaign.
Fifth International Solar Alliance assembly in Delhi to focus on energy access, security
 The fifth assembly of the International Solar Assembly focussed on critical issues of energy
access, security, and transition, which held in Delhi from October 17.
 The assembly released three reports, which include the world solar technology report, the world solar
market report, and the world solar investment report.
 India is currently the President of the ISA Assembly and it will be presided over by RK Singh, Minister
for Power, New and Renewable Energy.
Learn Along:
About International Solar Alliance
Founded: 30 November 2015 Headquarters: Gurugram Director General: Ajay Mathur
 The International Solar Alliance works with governments to improve energy access and security worldwide and
promote solar power as a sustainable way to transition to a carbon-neutral future.
 The organisation aims to unlock $1 trillion of investments in the solar energy sector by 2030 while reducing the
cost of the technology and its financing.
PM addresses United Nations World Geospatial International Congress
 The Second United Nations World Geospatial Information Congress (UNWGIC 2022), addressed by
Prime Minister Shri Narendra Modi via video ,is being held in Hyderabad International Convention
Centre, India, from 10-14 October 2022.
 The theme of the conference is , 'Geo-enabling the Global Village: No one should be left behind'”.
Learn Along:
Founded: 24 October 1945 Headquarters: New York,The US Secretary general: António Guterres
Dhoni inaugurates Chennai Super Kings Academy in Hosur
 Former India captain and Chennai Super Kings skipper Mahendra Singh Dhoni inaugurated the Super
Kings Academy at the MS Dhoni Global School in Hosur.
 The Super Kings Academy in Hosur is the third of its kind in the country.
 The Academy already has centres in Chennai and Salem.
Learn Along:
About Tamil Nadu
Capital: Chennai Chief minister: M. K. Stalin Governor: R. N. Ravi
17th Pravasi Bhartiya Divas to be held at Indore in January 2023
 The 17th Pravasi Bhartiya Divas Convention will be held in Indore, Madhya Pradesh in January next
year.
Monthly BeePedia
October 2022
 External Affairs Minister Dr. S Jaishankar launched the website of 17th Pravasi Bhartiya Divas
Convention with Madhya Pradesh Chief Minister Shivraj Singh Chouhan and Minister of State for
External Affairs V Muraleedharan through video conferencing.
 Pravasi Bharatiya Divas is celebrated every year on 9th January to mark the contribution of the
overseas Indian community in the development of India. It also commemorates the return of Mahatma
Gandhi from South Africa to India on 9th January 1915.
National SC-ST Hub Mega Conclave for Creation of Awareness among SC-ST Enterprenuers at
Aizawl, Mizoram
 The Ministry of Micro, Small & Medium Enterprises (MSME), Government of India organized National
SC-ST Hub (NSSH) Conclave at Dawrpui Multipurpose Centre, Aizawl, Mizoram on 15th October 2022
to promote entrepreneurship culture and spread awareness of the NSSH Scheme and other Schemes
of the Ministry.
 Ministry of MSME implements the National SC-ST Hub Scheme with an objective of creating an
ecosystem for SC/ST entrepreneurs and handholding them to participate in the public procurement to
reach 4% mandate as per the public procurement policy.
 The programme provided an interactive platform for aspiring and existing SC-ST entrepreneurs to
interact with CPSEs, lending institutions, GeM, RSeti, etc.
Learn Along:
About Ministry of MSME
Officeholders: Narayan Rane (Union Minister)
About Mizoram
Capital: Aizawl Chief minister: Zoramthanga Governor:Hari Babu Kambhampati
PM addresses 90th Interpol General Assembly in Pragati Maidan, New Delhi
 The Prime Minister, Shri Narendra Modi addressed the 90th Interpol General Assembly in Pragati
Maidan, New Delhi.
 The 90th General Assembly of Interpol is being held from the 18th to the 21st of October.
 The Interpol General Assembly meeting is taking place in India after a gap of about 25 years – it was
last held in 1997.
Learn Along:
About Interpol
Founded: 7 September 1923 Headquarters: Lyon, France President: Ahmed Naser Al-Raisi
Global Youth Climate in Bangladesh
 Youth from 70 countries will participate in a Global Youth Climate Summit which will be inaugurated
on October 20, 2022, in Khulna, Bangladesh.
 The three day-summit which will be held between October 20-22 will bring together 650 youth in a hybrid
format with 150 youth participating in person and 500 online.
 The Global Youth Leadership Center is also being launched as a global organisation to mobilize youth,
particularly from the Global South to tackle the climate crises.
Monthly BeePedia
October 2022
Learn Along:
About Bangladesh
Capital: Dhaka Currency: Bangladeshi taka Prime minister: Sheikh Hasina
Wind industry Windergy 2023 to be held in Chennai in October next year
 The next edition of the Indian wind industry’s biennial exhibition-cum-conference, Windergy, is to be
held between October 4 and 6 of 2023 in Chennai.
MoS for External Affairs V Muraleedharan attends Dakar International Forum on Peace and Security
in Africa
 Minister of State for External Affairs, V. Muraleedharan attended the 8th Dakar International Forum
on Peace and Security in Senegal in Africa.
 The Dakar Forum has become a key event for policy discussions on Africa.
 This is the first time that India participated at the Ministerial level in the event.
Learn Along:
About Senegal
Capital: Dakar Currency: West African CFA franc President: Macky Sall
UN Security Council’s Counter-Terrorism Committee meet to be held in Mumbai & Delhi on October
28 and 29
 A special meeting of the United Nations Security Council’s Counter-Terrorism Committee will be
hosted in Mumbai and Delhi on 28th and 29th of October.
 The theme will be ‘Countering the use of new and emerging technologies for terrorist purposes’.
Learn Along:
Founded: 24 October 1945 Headquarters: New York,United States Secretary general: António Guterres
COP27 to take place in Egypt from November 6
 The 27th annual UN Meeting on Climate, COP27 will take place in Sharm-el-Sheikh, Egypt from
November 6 to November 18, 2022.
 This will be the 5th time a climate conference is being hosted in Africa.
 COP27 will focus on three main areas, reducing emissions, helping countries to prepare and deal
with climate change, and securing the support and funding for developing countries for climate activities.
 During COP27, there will also be days with specialized themes for focused talks and announcements
on issues including agriculture, gender, and biodiversity.
Learn Along:
About Egypt
Capital: Cairo Currency: Egyptian pound
India, European Union co-chair sixth high-level dialogue on migration and mobility
 India and the European Union have co-chaired the 6th High-Level Dialogue on Migration and
Mobility.
Monthly BeePedia
October 2022
 During the dialogue, the countries held talks on the issues related to the promotion of safe, orderly,
and regular migration.
 The 5th edition of the Dialogue was held in New Delhi in July 2019.
Learn Union:
About European Union
The European Union is a supranational political and economic union of 27 member states that are located primarily in
Europe.
Founded: 1 November 1993
AWARDS AND REWARDS

Indore bags cleanest city award for sixth year, M.P. ranks first among States
with a population of with a population of having more than 100 having less than 100
more than 1 Lakh less than 1 Lakh Urban Local Bodies Urban Local Bodies
Indore(Madhya Panchgani(Maharashtra) Madhya Pradesh Tripura
Pradesh)
Surat(Gujarat) Patan(Chhattisgarh) Chhattisgarh Jharkhand
Navi Mumbai Karad(Maharashtra) Maharashtra Uttarakhand

(Marashtra)
Women’s rights activist Srishti Bakshi wins ‘Changemaker’ award at UN SDG Action Awards
 Srishti Bakshi, marketer-turned-women’s-rights-activist, was honoured with the ‘Changemaker’

award at the UN SDG Action Awards for “confronting gender-based violence and advocating for
safe access to public spaces”.
 The Awards – a flagship of the UN SDG Action Campaign – sought initiatives that ‘Mobilise, Inspire
and Connect’ people to drive action towards a more sustainable future on a healthy planet and
those that are flipping the script and rethinking “how we live”, the SDG Action Campaign said in a
statement.
Telangana scoops Swachh Survekshan Gramin, 2022 award
 Telangana was ranked first for the cleanliness of its villages in the Swachh Survekshan Gramin
(SSG), 2022, which looked into the sanitation status of rural areas.
 After Telangana, Haryana was placed second followed by Tamil Nadu in the Large States category.
 Among smaller States and Union Territories, Andaman and Nicobar secured the first position,
followed by Dadra and Nagar Haveli, Daman and Diu and Sikkim.
 The Swachh Survekshan Gramin, 2022 award ranks States and districts on the basis of their
performance attained on Swachh Bharat Mission Gramin (SBM-G) parameters and engagement of
the rural community in improvement of their sanitation status.
Indian American honoured with a lifetime achievement award in US
Monthly BeePedia
October 2022
 Vivek Lall, an Indian origin individual has been awarded the lifetime achievement award by US
President Joe Biden with the citation of “With grateful recognition”.
 Vivek Lall is the chief executive of General Atomics.
Yunqing Tang bags SASTRA Ramanujan Prize 2022 for her contribution in maths
 The SASTRA Ramanujan Prize for 2022 will be awarded to Yunqing Tang,born in China, Assistant
Professor with the University of California, Berkeley, U.S.A.
 The award, instituted by the Shanmugha Arts, Science, Technology & Research Academy
(SASTRA) in 2005 with a cash prize of $10,000, is presented annually to individuals aged 32 and below,
who made outstanding contributions in the field of mathematics, influenced by Srinivasa Ramanjuan in a
broad sense.
 Ms. Yunqing’s works “display a remarkable combination of sophisticated techniques, in which the
arithmetic and geometry of modular curves and of Shimura varieties play a central role, and her
results and methods are bound to have major impact on future research in this area.”
 The prize will be awarded at the International Conference on Number Theory during December 20-22,
at SASTRA University.
Angela Merkel: Former German Chancellor wins UN refugee agency award
 The former German chancellor Angela Merkel will receive the 2022 UNHCR Nansen Refugee Award.
 The announcement was made by the UN Refugee Agency on October 4, 2022.
 Merkel will be awarded the UN refugee agency prize for ‘political courage” and decisive action taken
during her tenure to safeguard people forced to flee.
Learn Along:
About Germany
Capital: Berlin Currency: Euro Chancellor: Olaf Scholz
Nobel Prize 2022
Field To Country For

Alain Aspect France Experiments with entangled photons,
establishing the violation of Bell inequalities
John F. Clauser America and pioneering quantum information
Physics
science.
Anton Zeilinger Austria
Carolyn R. Bertozzi America

Chemistry
Morten Meldal Denmark The development of click chemistry and
bioorthogonal chemistry.
K. Barry USA
Ales Bialiatski Belarus
Russian human rights ---

organization Memorial
Peace
Monthly BeePedia
October 2022
The Ukrainian human --- Civil Liberties

rights organization
Center
Literature c Ernaux France The courage and clinical acuity.
Physiology Svante Paabo Sweden His achievements in concerning the

and Medicine genomes of extinct hominins and human
evolution
Economy Ben S.Bernanke, for research on banks and financial crises

Douglas W. Diamond
and Philip H.Dybvig
Professor Wazahat Husain: An academic from Aligarh Muslim University wins top UAE award
 Professor Wazahat Husain, a leading academic from the Aligarh Muslim University has won an
international award for Traditional, Alternative and Complementary Medicine.
 Professor Husain is a retired chairman of the Department of Botany at the Aligarh Muslim
University(AMU) has received the second Sheikh Zayed International Award on October 10, 2022 in
an event arranged by the Zayed Charitable and Humanitarian Foundation.
 Wazahat Husain has been honoured Lifetime Achievement Awards twice, once jointly by the
University Grants Commission (UGC) and the AYUSH ministry and then by the Wildlife Institute of
India and Department of Wildlife Sciences, AMU.
Learn Along:
About The UAE award
 The award aims to give recognition to renowned academics and scientists of Traditional Complementary and
Alternative Medicine (TCAM ) globally
 It also provides significance to TCAM physicians from the UAE, for enhancing TCAM knowledge and practices,
and contributing to improving the quality of life for humanity.
Sandeep and Rijiju win awards in World Summit of Sports
 Former India hockey captain and Haryana Sports Minister Sandeep Singh was presented with the
Outstanding Resilience Award in the sixth World Summit on Ethics and Leadership in Sports at the Art
of Living International Centre.
 Former Union Sports Minister and current Law Minister Kiren Rijiju received an award for his
“outstanding contribution to sports as an individual”
Prakash Padukone, Badminton Legend awarded with SJFI medal
 The Sports Journalists’ Federation of India medal (SJFI medal) for 2019 was presented to badminton
legendary star Prakash Padukone at the Karnataka State Cricket Association.
 The award was created in 2018, and Vijay Amritraj was its first winner.
 The 2019 award presentation was postponed because to the COVID-19 epidemic.
American historian conferred Sir Syed Excellence Award ’22
Monthly BeePedia
October 2022
 Noted American historian Barbara Metcalf was awarded the Sir Syed Excellence Award for 2022 by
the Aligarh Muslim University on the 205th birth anniversary of its founder Sir Syed Ahmad Khan.
Hyderabad bags World Green City Award 2022: Only Indian city to grab honour
 Hyderabad won the ‘World Green City Award” 2022 at the International Association of Horticulture
Producers(AIPH) 2022, organized in Jeju, South Korea on October 14, 2022.
 The city also won another award in the category “Living Green for Economic Recovery and
Inclusive Growth”.
 Hyderabad not only won the category award but also the overall ‘World Green City 2022’ award. It has
been the best across all six categories.
 The city beats cities like Paris, Montreal, Fortaleza, Mexico City, and Bogota.
List Of Categories and Winners
Categories Winners
Living Green for Biodiversity Columbia
Living Green for Climate Change Mexico
Living Green for Health and Wellbeing Brazil
Living Green for Water Canada

Living Green for Social Cohesion France
Living Green for Economic Recovery and Inclusive
India
Growth
About AIPH
 After the end of the second world war, in 1948, a group of representatives from the national grower associations of
Western Europe united with an ambition to mend relations between European horticulturists to reform the burnt
bridges.
 This vision inspired them to make the Association International of Horticulture Producers, (AIPH) laying the
foundations for the international community that exists today also.
 The organization strives for a world in which humanity, technology, and nature exist in a healthy and stable
equilibrium.
Sri Lankan author wins Booker prize
 Shehan Karunatilaka, a Sri Lankan author wins the Booker prize for “The Seven Moons of Maali
Almeida” on October 17, 2022.
 Karunatilaka is the second Sri Lankan to get the award.
Learn Along:
 The Booker Prize is honoured annually for a book published in English in the United Kingdom and Ireland.
 The first Sri Lankan to win the prize was Michael Ondaatje in 1992.
 Shehan Karunatilaka’s 2010 debut novel also won the Commonwealth Prize, the DSC Prize, and the Gratiaen Prize
and was adjudged the second-greatest cricket book of all time by Wisden.
Monthly BeePedia
October 2022
 The Seven Moons of Maali Almeida dictates the story of the photographer of its title, who in 1990 wakes up
dead in what appears like a celestial visa office.
PMAY - U awards 2021: TN bags third position under best performing state category
 In order to recognize the outstanding contribution by States, UTs and ULBs, MoHUA has introduced
annual awards for excellence in implementation of PMAY(U).
 The winners for PMAY(U) Awards 2021 have been felicitated by Minister of Housing & Urban Affairs Shri
Hardeep S . Puri during the event.
 Pradhan Mantri Awas Yojana – Urban (PMAY-U) has emerged as one of the largest housing schemes of
the world during the Felicitation of Pradhan Mantri Awas Yojana – Urban (PMAY-U) Awards 2021 at Rajkot.
 Uttar Pradesh became the top ranked state under "Best Performig states” category followed by Madhya
Pradesh and Tamil Nadu.
 Jammu and Kashmir won the award under “Best Performing Union Terriotory” alongside Dadra and
Nagar Haveli and Daman Diu.
Hyderabadi Haleem bags ‘Most Popular GI’ award, beats rasgulla
 In a rigid competition with more than 15 food items across the country with Geographical Indication (GI)
status, the famous Hyderabadi Haleem has bagged the ‘Most Popular GI’ award.
 The traditional dish made during the month of Ramadan has beaten other popular GI dishes such as
Rasgulla, Ratlami Sev, and Bikaneri Bhujiya to clinch the award.
Learn Along:
 GI tag is given to products to ensure that authorised users can only use the popular product name.
 For the first time, GI status was accorded to Hyderabadi Haleem in 2010.
 It expired in December 2019. However, later, the registrar of Geographical Indicator renewed the tag for the dish
for 10 years.
 Other Telangana items that were accorded GI tag include Nirmal toys and crafts, Nirmal furniture, Nirmal
Paintings, Gadwal sari, and Banaganapalle Mangoes.
CABI announces cricketer Yuvraj Singh as the brand ambassador for the third T20 World Cup for the
Blind
 The Cricket Association for the Blind in India (CABI) has announced that cricketer Yuvraj Singh is
the brand ambassador for the third T20 World Cup for the Blind, which is to be held in India.
 The participating countries for the third T20 World Cup for the Blind are India, Nepal, Bangladesh,
Australia, South Africa, Pakistan and Sri Lanka.
Learn Along:
 The World Cup for the blind is an initiative of the Samarthanam Trust for the Disabled, which has been
organising this championship since 2012.
Actress Anna May Wong Becomes First Asian-American To Feature On US Currency
Monthly BeePedia
October 2022
 The legendary actress, Anna May Wong is set to become the first Asian-American to be featured on
the US currency.
 American quarters are going to feature notable women, and Anna May Wong’s face is going to appear
as part of the American Women Quarters Program.
 This is going to be the fifth design of the coin that features women pioneers.
Ukrainian people win EU's 2022 Sakharov freedom prize
 The European Parliament awarded the people of Ukraine its annual Sakharov Prize for Freedom of
Thought to honour their fight against Russia's invasion.
 The award comes with prize money of 50,000 euros ($49,100), which will be distributed to
representatives of Ukrainian civil society.
 The prize, named after the late Soviet dissident Andrei Sakharov, has been awarded annually since
1988 to individuals and organizations defending human rights and fundamental freedoms.
 Last year the award was given to jailed Kremlin critic Alexei Navalny for his efforts to challenge
Russian President Vladimir Putin's grip on power.
 Other past winners include South African President Nelson Mandela, Pakistani education activist
Malala Yousafzai and the democratic opposition of Belarus.
Learn Along:
About Ukraine
Capital: Kyiv Currency: Ukrainian hryvnia President: Volodymyr Zelenskyy
SS Rajamouli's RRR wins Best International Film honour at Saturn Awards 2022
 SS Rajamouli directorial RRR has won the Best International Film award at the 50th Saturn Awards.
 It was nominated in multiple categories, including Best International Film, Best Action Adventure and
Best Director.
Learn Along:
About Saturn Awards
 The Saturn Awards are American awards presented annually by the Academy of Science Fiction, Fantasy and
Horror Films; they were created to honor science fiction, fantasy, and horror in film, but have since grown to
reward other films belonging to genre fiction, as well as television and home media releases.
 The Saturn Awards were created in 1973 and were originally referred to as Golden Scrolls.
Fourth Bangladesh Film Festival Inaugurated in Kolkata
 The fourth Bangladesh Film Festival was inaugurated in Kolkata on 28th October.
 The five day long festival is showcasing 37 popular Bangladeshi films including four documentaries and
eight short films.
 The festival will conclude on November 2.
 The recent Bangladeshis sensation ‘Hawa’ along with Beauty Circus and Gor were screened on the
inaugural day of the festival. 'Hasina, a daughter’s tale' was also screened as a documentary film on
the inaugural day.
Learn Along:
About West Bengal
Monthly BeePedia
October 2022
Capital: Kolkata Chief minister: Mamata Banerjee Governor: Shri La. Ganesan
Ex-ISRO Chairman among 67 chosen for Rajyotsava award
 The Karnataka government announced that Former ISRO Chairman K. Sivan and writers A.R. Mitra
and Krishne Gowda are among the 67 achievers selected for the 67th Rajyotsava award.
 10 organisations have also been selected.
 It carries a purse of ₹5 lakh and 25 grams of gold, besides a plaque.
Learn Along:
The 2019 Rajyotsava Awards ceremony took place at the Ravindra Kalakshetra on 1 November 2019. Awarded
annually by the Government of Karnataka, the ceremony saw 64 individuals being awarded for achievements in
various fields. The number was chosen to mark the 64th anniversary of the formation of the State of Karnataka.
APPOINTMENTS
Organization/Cou News Learn Along
ntry/ States...
Sandeep Kumar Gupta assumed charge as the chairman and Founded:

managing director of GAIL (India) Limited.
GAIL (India) 1984
Limited
BD Mishra took oath as the new governor of Meghalaya. Capital:

Meghalaya
He succeeded Satya Pal Malik who completed his term as the Shillong
Meghalaya governor on October 3. Chief minister:
Conrad Sangma
The central government has appointed Justice Dinesh Kumar as the

presiding officer of the Unlawful Activities (Prevention) Act, (UAPA)
UAPA
tribunal.
---
He has been appointed to look after the ban on PFI and its associates
for five years. The ban has been implemented after seizing incriminating
documents during the search operations at the offices of the outfit and
the residences of its office bearers.
Formed:
Monthly BeePedia
October 2022
Election For his association with the Election Commission of India (ECI) in 25 January 1950
Commission of creating awareness amongst voters, Actor Pankaj Tripathi has been
India declared as the ‘National Icon’ of ECI.
Current CIC
The actor was chosen for the honour by Chief Election Commissioner
(CEC) Rajiv Kumar for keeping in view his commitment to the cause and Shri Rajiv Kumar
wide appeal across the country.
Dr Akhilesh Gupta, Senior Adviser at the Department of Science and Headquarters:

Technology (DST) assumed additional charge of Secretary of the
Science and New Delhi
Engineering Science and Engineering Research Board (SERB) on October 8,
Research Board 2022 after Dr Sandeep Verma relinquished charges as Secretary SERB Secretary:
on completing his tenure on October 7. Sandeep Verma
Founded:
Bank of India Investment Managers Private Ltd has announced that it 7 September
Bank of India
has appointed Mohit Bhatia as its chief executive officer, effective 4 1906
October.
Headquarters:
Mumbai
India women’s vice-captain Smriti Mandhana joins current men’s cricket Founded:
Gulf Oil India
ace Hardik Pandya and former captain Mahendra Singh Dhoni as an
ambassador for the Gulf Oil company. May 1901
Headquarters:
Pittsburgh, U.S
Ms Bharati Das took charge as the new Controller General of

Accounts (CGA).
Controller General
of Accounts Ms Das is the 27th Controller General of Accounts (CGA), Ministry of
Finance, Government of India.
Shri Jaxay Shah, former Chairman of CREDAI and founder Chairman Founded: 1997
of Savvy Group has been appointed as the Chairman of Quality
Quality Council of
Council of India (QCI) for a period of three years effective from 21st Headquarters:
India (QCI) October 2022. New Delhi
Monthly BeePedia
October 2022
The incumbent chairman succeeds the former McKinsey India Chief

Shri Adil Zainulbhai who served as the Chairman of QCI through three
terms for a period of eight years from 2014 to 2022.
The US Government has appointed the senior foreign officer Elizabeth

Jones as the Charge d’Affaies(Ambassador) ad interim at the US
India
Embassy in India.
Founded:
Shefali Juneja, India’s representative to the International Civil Aviation
24 October 1945
United Nations Organization (ICAO), has been elected as the chairperson of United
Nations’ specialized aviation agency’s Air Transport Committee Headquarters:
(ATC). New York, United
States
The Govt of India has appointed Mata Amritanandamayi Devi (Amma)

The Group of 20 as the Chair of the country's Civil 20 (C20), an official engagement
group of the Group of 20 (G20).
(G20). ---
OBITUARIES
Name of Person Field Points to Remember
Kodiyeri Politician In Kerala, senior Communist Party of India (CPI-M) leader and
Balakrishnan ex-State Minister, Kodiyeri Balakrishnan passed away.
Arun Bali
Actor Veteran actor Arun Bali died at the age of 79 in Mumbai.
Mulayam Singh
Politician Mulayam Singh Yadav, a veteran politician and the founder of
Yadav
the Samajwadi Party passed away on October 10, 2022, at the
age of 82.
Actor Rahul Koli, who played a significant role in the film

Chhello Show (The Last Film Show), passed away at 10 years
Rahul Koli Actor
of age on October 2. Rahul was fighting leukemia.
Monthly BeePedia
October 2022
Chhello Show is India’s official entry to the Oscars 2023.
Actor The Scottish actor Robbie Coltrane has died at the age of 72.
Robbie Coltrane
Coltrane was awarded the Order of the British Empire (OBE) by
Queen Elizabeth II in 2006.
Vishwanath Politician Deputy Speaker of the Karnataka Legislative Assembly

Chandrashekar Vishwanath Chandrashekar Mamani, also known as Anand
Mamani Mamani, died in Bengaluru. He was 56.
The three-time MLA from Saundatti constituency was a BJP

leader.
National award recipient director of Bengali films, Pinaki

Chaudhuri, died at his Kolkata residence following a protracted
Pinaki Chaudhuri Director
illness.
He got two national awards for Shanghaath' (Conflict) in 1996 and

for Ballygunge Court' in 2007.
Nipon Goswami
Actor Veteran Assamese actor Nipon Goswami in Guwahati. He
debuted in the Assamese cinema as a child artist in 1957.
Monthly BeePedia
October 2022
BOOKS
Book Title Author/s About the book
In this superbly argued book, data scientist Nilakantan RS

SOUTH vs NORTH : shows us how and why the southern states are
Nilakantan RS outperforming the rest of the country and its consequences
India’s Great Divide
in an increasingly centralized India
This book is the first to delve deeply into the history of

chain-stitch embroidery in India and its connections to the
Mochi or shoe-maker community. This work focusses on
Shilpa Shah chain-stitch embroideries from the 18th to 20th centuries in the
The Shoemaker's
Rosemary Crill renowned TAPI collection of textiles, with many pieces having
Stitch
direct links both to Gujarati royal families and the lineage of
Mochi craftsmen and women.
Modi@20: Dreams
---
Meet Delivery
Monthly BeePedia
October 2022
Book Title Author/s About the book

External Affairs Minister Dr S Jaishankar participated in the
Kiwi Indian Hall of Fame Awards 2022 and launched the book
"Modi@20: Dreams Meet Delivery" in Auckland.
'The Philosophy of Bob Dylan The book exploring songwriting's power is set for release on
Modern Song November 8 with the publisher Simon and Schuster.
The book is also set to include musings on artists

including Hank Williams and Nina Simone.
Bob Dylan won the Nobel Prize for Literature in 2016 'for
having created new poetic expressions within the great
American song tradition.'
A new book, “The Corbett Papers”, Published by Hachette

India, has been co-edited by educator Akshay Shah and
writer Stephen Alter.
The Corbett Papers Stephen Alter
It has brought together lesser known parts of the famous
naturalist-hunter Jim Corbett’s life through unpublished letters,
documents and a privately-published book.
FROM Written by former governor of the Reserve Bank of India (RBI),

DEPENDENCE TO this book is based on extensive research and data, and
Dr Bimal Jalan
provides a way forward to developing India as an
SELF-RELIANCE economic stronghold.
From Dependence to Self-Reliance is divided into three

sections: Economy, Governance and Politics.
In Kalam: The Untold Story, R K Prasad, his private secretary

Kalam: The Untold
from 1995 to his death in 2015, shows us another Kalam-
R K Prasad
Story accomplished, successful, always modest despite the
high positions he occupied, as also vulnerable and
innocent.
SPORTS
Areeba Khan wins World Championship silver in skeet
 Areeba Khan shot the junior women’s skeet silver in the shotgun World Championship.
 Areeba was defeated by Sophie Herrmann of Britain for the gold.
Monthly BeePedia
October 2022
 Areeba had won the team gold in the Junior World Championship in Lima, Peru, last year, and had
also won the bronze in the Junior World Cup in Suhl this year.
Top javelin thrower Shivpal Singh handed 4-year ban for failing dope test
 Top Indian javelin thrower Shivpal Singh has been handed a four-year suspension for failing a dope
test last year by the NADA's Anti-Doping Disciplinary Panel.
 The ban period for the 27-year-old Uttar Pradesh athlete began from October 21 last year and his
ineligibility period will be up to October 2025.
 Shivpal won a silver medal in the 2019 Asian Championships in Doha with a throw of 86.23m.
Sreejesh, Savita voted FIH goalkeepers of the Year
 India’s P.R. Sreejesh and Savita Punia were voted FIH men’s and women’s goalkeeper of the year
respectively for the second year running.
Pankaj Advani wins his 25th World title in Kuala Lumpur
 India's leading cueist Pankaj Advani claimed his 25th world title after outclassing compatriot Sourav
Kothari in the 150 up billiards final at the World Championship in Kuala Lumpuy, Malaysia.
Bhupesh Baghel inaugurates Chhattisgarh Olympics to promote state’s culture
 Chhattisgarh chief minister Bhupesh Baghel inaugurated the state’s own Olympics.
 Baghel inaugurated the grand multi-sport event at Balbir Singh Juneja Indoor Stadium in Raipur, claiming
to revive the age-old-tradition of traditional games namely ‘langdi’, ‘bhaura’, ‘bati’ (kancha), and
‘pitthul’.
 The event will continue till January 6, 2023 and as many as 14 types of traditional sports have been
included in the team and individual categories of separate age groups.
Learn Along:
About Chhattisgarh
Capital: Raipur Chief minister: Bhupesh Baghel Governor: Anusuiya Uikey
Novak Djokovic Takes 90th Career Title With Astana Open Victory
 Novak Djokovic claimed the 90th title of his career and the fourth of 2022 with a dominant straight-
sets victory over Stefanos Tsitsipas in the ATP final in Astana.
 He was banned from the US Open and the entire North American hard court swing over his refusal to
be vaccinated.
Red Bull driver Max Verstappen wins second Formula One title
 Max Verstappen has clinched his second consecutive driver’s title by winning the Japanese Grand
Prix.
Monthly BeePedia
October 2022
 He was followed by teammate Sergio Perez in second and Ferrari driver Charles Leclerc.
Union Minister for Youth Affairs and Sports Shri Anurag Singh Thakur graced the opening ceremony
of the FIFA U-17 Women's Football World Cup
 India is hosting the The seventh edition FIFA U-17 Women's World Cup 2022 from 11 October to 30
October 2022.
 The matches will be played at Kalinga Stadium in Bhubaneswar, PJN Stadium in Goa and DY Patil
Sports Stadium in Navi Mumbai.
 Union Minister of Youth Affairs and Sports and Information and Broadcasting Shri Anurag Singh Thakur
today attended the opening ceremony of the FIFA U-17 Women's Football World Cup India 2022 at
Kalinga Stadium in Bhubaneswar.
 As many as 16 nations will be taking part in the grand sporting event which will continue till October
30.
Learn Along:
 The FIFA U-17 Women’s World Cup India 2022 will see three former champions in France, Japan and Spain
take the field. Meanwhile, Canada, Germany and New Zealand - along with Japan - will continue their record of
participating in every edition of this spectacle.
 Host India in the meantime is the debutant in this edition of the World Cup. After boys in 2017, it is now the turn
of India’s U-17 women’s team to make it big at this tournament.
ICC player of month September 2022: Harmanpreet kaur and Md. Rizwan win the award
 Indian captain Harmanpreet Kaur becomes the first Indian woman player to bag the ICC player of
the month for September.
 Pakistan wicketkeeper batter Md. Rizwan gets the award in the men’s category.
 The players will receive gold medallions from the ICC.
Learn Along:
 Harmanpreet wins the award for her remarkable performance in the ODI series in England.
 The captain beat her deputy Smriti Mandhana and Bangladesh counterpart Nigar Sultana.
 Her performance led India to a 3-0 ODI series sweep over England. Also it was India’s first series win in England
since 1999.
 Md. Rizwan wins the award by defeating Indian left-arm spinner Axar Patel and Australian all-rounder Cameroon
Green.
Roger Binny to succeed Ganguly, Jay Shah to continue as secretary
Monthly BeePedia
October 2022
National Games 2022:
 The National Games 2022 was held across six cities, Ahmedabad, Gandhinagar, Surat, Vadodara,
Rajkot and Bhavnagar, in Gujarat.
 The 36th edition of the National Games was officially started on September 27.Events, starting with
table tennis, got underway from September 20 to avoid a clash with the world table tennis
championships, which began on September 30 in China. The National Games 2022 concluded on
October 12.
 Services came into the 2022 edition as three-time defending National Games champions, having
won in 2007, 2011 and 2015. The Army team won their fourth consecutive title with 128 medals; 61
golds, 35 silvers and 32 bronze.
 Hosts Gujarat, incidentally, won the first gold medal of the National Games 2022, clinching the
men’s table tennis team title after beating Maharashtra in the finals.
National Games 2022 medals table(Top 10)
Rank State/Union Territory/Team Gold Silver Bronze Total

1 Services 61 35 32 128
2 Maharashtra 39 38 63 140
3 Haryana 38 38 40 116
4 Karnataka 27 23 38 88
5 Tamil Nadu 25 22 27 74
6 Kerala 23 18 13 54
Monthly BeePedia
October 2022
7 Madhya Pradesh 20 25 21 66
8 Uttar Pradesh 20 18 18 56
9 Manipur 20 10 20 50
10 Punjab 19 32 25 76
Learn Along:
 The complete list of sports which were competed at the National Games 2022 in Gujarat are: aquatics,
archery, athletics, badminton, basketball, boxing, canoeing & kayaking, cycling, fencing, football, gymnastics, golf,
handball, hockey, judo, kabaddi, kho-kho, lawn bowls, mallakhamb, netball, roller skating, rowing, rugby 7s,
shooting, softball, soft tennis, squash, table tennis, taekwondo, tennis, triathlon, volleyball, weightlifting, wrestling,
wushu and yogasana.
Tulika Maan, Linthoi Chanambam to compete in 1st ever Khelo India Women’s Judo National League
in Delhi
 The IG Stadium in the New Delhi hosted the 1st Khelo India Women's Judo National League, held
from October 20 to 23.
 The league, which is a National Ranking tournament for women Judokas of 4 Zones, is being organised
by the Judo Federation of India and the Dept of Sports, Ministry of Youth Affairs and Sports.
 Commonwealth Games 2022 silver medalist Tulika Maan as well as World Cadet Judo Championship
gold medalist and history-maker Linthoi Chanambam will feature in the tournament.
India and Saudi Arabia shortlisted for AFC Asian Cup in 2027; Qatar will host AFC Asian Cup in 2023
 The Asian Football Confederation (AFC) announced on October 17, 2022, that Qatar will host the
Asian Cup 2023 in the place of China, the tournament’s original host.
 The AFC Executive Committee deliberated upon the bidding proposals for the AFC Asian Cup 2027 and
shortlisted the All India Football Federation (AIFF) and the Saudi Arabian Football Federation (SAFF) as
the final two bidders.
Learn Along:
About AFC Asian Cup
 The AFC Asian Cup is the primary association football competition organized by the senior men’s national teams of
the Asian Football Confederation members.
 AFC Asian Cup is the second oldest continental football league in the world after Copa America.
 The winner becomes the champion team of Asia.
AFC Asian Cup 2019
 The 2019 AFC Asian Cup was the 17th edition of the tournament.
 It was organized in the United Arab Emirates from January 5, 2019, to February 1, 2019.
 Qatar won the tournament for the first time in 2019 by defeating Japan.
BCCI approves to conduct Women’s Indian Premier League
 The Board of Control for Cricket in India (BCCI) gave a green signal to conduct the Women’s Indian
Premier League on October 18, 2022.
Monthly BeePedia
October 2022
 The women’s Indian Premier League is set to begin as a five-team tournament in 2023 after the
conclusion of the ICC Women’s T20 World Cup on February 26, 2023.
Learn Along:
 The Board of Control for Cricket in India (BCCI) is the governing body for cricket in India, headquartered at Cricket
centre, Wankhede Stadium in Mumbai.
 The organization manages three squads that represent India internationally: the men’s cricket team, the women’s
cricket team, and the national under-19 cricket team.
Founded: December 1928 President: Roger Binny Headquarters: Mumbai
Sajan Bhanwala wins India's 1st Greco Roman medal in 77kg at U-23 World Wrestling C’ship
 India’s Greco-Roman wrestler Sajan Bhanwala won a historic Bronze in the 77kg division on
October 19, 2022 at the U-23 World Wrestling Championship.
 The wrestler defeated Ukraine’s Dmytro Vasetskyi in the repechage round to win the honour.
Learn Along:
U-23 World Wrestling Championship
 The world U23 Wrestling Championships are for athletes under 23 years old and is arranged by United World
Wrestling.
 It is Amateur Wrestling and began in 2017.
France’s Ribery announces retirement from football

 Former France and Bayern Munich attacking midfielder Franck Ribery announced his retirement
from football after a persistent knee.
TAZUNI REVEALED AS 2023 FIFA WOMEN’S WORLD CUP OFFICIAL MASCOT
 Tazuni will become an important symbol for the FIFA Women’s World Cup Australia & New Zealand,.
 Tazuni stands for everything which makes the Women’s World Cup unique.
Sherawat wins 57kg freestyle World title
 Aman Sherawat became the first Indian wrestler to be crowned champion at the World under-23
championships in Pontevedra, Spain.
 Sherawat was the only Indian men’s wrestler to compete in the World event as others selected for
the championships could not reach Spain due to visa issues.
Karman Thandi is now the No. 1 in the country
 Karman Kaur Thandi is now the country’s No. 1 player after she beat Katherine Sebov of Canada in
the final of the $60,000 ITF women’s tennis tournament in Saguenay, Canada.
 The second singles title of the season for Karman was also the second biggest title won by an Indian
woman on the professional circuit, after the $75,000 tournament won by Sania Mirza in Dubai in 2010.
 The biggest singles title by an Indian woman was of course the $140,000 event that Sania won in
Hyderabad in 2005.
Monthly BeePedia
October 2022
Men's 2022 World Team Chess Championship: India in 12 top chess-playing nations
 12 top chess-playing countries including India, United States, China and the Netherlands have been
listed in the lineup for the 2022 Men’s World Team Chess Championship in Jerusalem, Israel
November 2022.
 The current world champion who held the title since 2013, is Magnus Carlsen of Norway.
 The first championship was held in 1886 between the two leading players in the world, Johannes
Zukertort and Wilhelm Steinitz.
 Steinitz won the first title and from 1886 to 1946, the champion set the terms, requiring any challenger
to raise a sizable stake and defeat the champion in a match to become the new world champion.
 Magnus Carlsen is the champion from 2013 after defeating Viswanathan Anand and successfully
defended his title in 2014, 2016, 2018 and 2021.
Harmanpreet Singh named Skipper of FIH Pro league Hockey Team
 Harmanpreet Singh has been named as the Skipper of a 22-member Indian Hockey team for the
opening games of the 4th season of the International Hockey Federation Pro League.
 Indian Hockey Team will start its campaign against New Zealand on October 28 and will take on
Spain on October 30.
Indian men and women cricketers to get equal pay says BCCI
 The Board of Control for Cricket in India announced to pay equal match fees for both men and
women cricketers in India.
 In early 2022, New Zealand Cricket (NZC) hit a deal with the country’s players’ association, which
allowed the women cricketers to get as much as the main players.
 Cricket Australia (CA) is also working to do away with gender discrimination.
Learn Along:
About BCCI
 The Board of Control for Cricket in India (BCCI) is the Indian cricket governing body.
 The body is headquartered at the Cricket centre, Wankhede Stadium in Mumbai.
 The BCCI is the richest governing body of cricket in the world and is part of the Big Three of international cricket.
 BCCI manages three teams representing India, the men’s national team, the women’s national cricket team,
and the national under-19 cricket team.
Satwik-Chirag duo wins French Open title
 The star Indian pair of Satwiksairaj Rankireddy and Chirag Shetty bagged the biggest title of their career,
claiming the French Open Super 750 crown in the men‘s doubles final.
 The Indian duo has Swon the Indian Open Super 500 title, Commonwealth Games gold, Thomas Cup
crown and a bronze at the World Championships in August.
The results (finals):
 Men:
Monthly BeePedia
October 2022
 Viktor Axelsen (Den)

 Doubles: Satwiksairaj Rankireddy & Chirag Shetty.
 Women:
 He Bing Jiao (Chn)
 Doubles: Tan Pearly & Thinaah Muralitharan (Mas).
 Mixed doubles:
 Zheng Si Wei & Huang Ya Qlong (Chn).
FIFA U-17 Women’s World Cup 2022
 Spain defeated Colombia to win FIFA U-17 Women’s World Cup 2022 at the D.Y. Patil Stadium in
Navi Mumbai on October 30, 2022.
Learn Along:
FIFA U-17 Women’s World Cup 2022
The 2022 FIFA U-17 Women’s World Cup 2022 as the 7th edition of the FIFA U-17 Women’s World Cup. It is a
multinational-international women’s youth football championship that is contested by the under-17 national
teams of the member associations of FIFA, since its inception in the year 2008.
Monthly BeePedia
October 2022
Monthly BeePedia
October 2022
Sources of the News:
The Hindu,The Indian Express,Business Standard, The Financial Express ,PIB, etc.

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Monthly BeePedia

SEBI and Financial Awareness _________________________________________64

NABARD and Agriculture ___________________________________________ 74

Reports and Indexes _______________________________________________ 95

Science and Technology ___________________________________________ 103

Defence __________________________________________________________ 108

Events ___________________________________________________________ 112

Awards & Rewards ___________________________________________________116

Appointments _____________________________________________________ 123

Important Days ___________________________________________________ 118

Books ___________________________________________________________ 126

Sports ___________________________________________________________ 128

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