1. External Affairs minister S.Jaishankar to visit Egypt on his first official tour
Tags: International News
According to the Ministry of External Affairs, External Affairs Minister Dr S.Jaishankar will be on his first official visit to Egypt from 15-16 October 2022. He is going there on the invitation of Egypt's Foreign minister Sameh Hassan Shoukry. According to the ministry both the leaders will discuss a range of bilateral, regional and international issues of mutual interest.
India and Egypt traditionally enjoy warm and friendly relations underpinned by historical and cultural linkages. India is trying to deepen its relation with Egypt.
Recently in the month of September Defence minister Rajnath Singh was on a visit to Egypt to deepen defence ties.
Both countries are celebrating 75 years of establishment of diplomatic relations this year.
Egypt has been invited as a ‘Guest Country’ during India’s Presidency of G-20 in 2022-23.
Economic relations
Egypt has been one of India’s largest trading partners in Africa and the promotion of bilateral trade, commerce and investments will be one of the focus areas during the visit.
India - Egypt bilateral trade touched a record high at US$ 7.26 billion during the financial year 2021-22.
Indian investment in Egypt exceeds US$ 3.15 billion. Over 50 Indian companies are actively present in Egypt in a range of sectors like manufacturing, chemicals, energy, infrastructure, retail etc.
Arab Republic of Egypt
It is an Arab country which is located on the African continent.
President: Abdel Fattah al-Sisi
Capital: Cairo
Currency: Egyptian pound
2. 17th Pravasi Bharatiya Divas Convention 2023 website launched to start online registration
Tags: National Summits State News
The website for the 17th Pravasi Bharatiya Divas (PBD) Convention was jointly launched on 13 October 2022 by the External Affairs Minister, Dr. S. Jaishankar and the Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan.
The launch of the PBD website (pbdindia.gov.in) marks the commencement of online registration for participation in the PBD Convention 2023.
Pravasi refers to the Indians who are working abroad (Non Resident Indians) or persons of Indian origin who have taken up the citizenship of other countries.
17th Pravasi Bharatiya Divas Convention
- The 17th PBD Convention is being organized from 08-10 January 2023 at Indore, Madhya Pradesh, in collaboration with the Government of Madhya Pradesh.
- The 17th PBD Convention will be held in a physical format after a gap of four years. The last PBD Convention in 2021 was held virtually during the Covid pandemic.
- The theme of PBD Convention 2023 is "Diaspora: Reliable partners for India’s progress in Amrit Kaal”.
- The PBD Convention 2023 will be inaugurated by Prime Minister Shri Narendra Modi on 09 January 2023.
- The Youth PBD will be held on 08 January 2023, in partnership with the Ministry of Youth Affairs and Sports.
- On 10 January 2023, President Droupadi Murmu will confer Pravasi Bharatiya Samman Awards and preside over the Valedictory Session.
Who organizes the Pravasi Bharatiya Divas
The Pravasi Bharatiya Divas is organised by the Ministry of External Affairs in partnership with a state government and an Industry body, either Confederation of Indian Industry(CII) or Federation of Indian Chambers of Commerce and Industry(FICCI) . It is normally organised on 9 January.
Significance of 9 January
- On this day in 1915 the greatest pravasi of India , Mahatma Gandhi returned from South Africa in 1915 from South Africa to India .
- His ship SS Arabia docked in Bombay (now Mumbai) on 9 January 1915.To honour and celebrate the occasion the government of India decided to start Pravasi Bharatiya Divas in 2003.
3. Meenaskshi Lekhi leads Indian delegation at the 6th CICA Summit meeting at Astana
Tags: place in news Summits International News
Union Minister for External Affairs Meenaskshi Lekhi led the Indian delegation at the 6th Conference on Confidence Building Measures and Interaction in Asia (CICA) summit held on 12-13 October 2022 at the Kazakhstan capital, Astana.
Replying to the Statement of the Prime Minister of Pakistan Shehbaz Sharif on Kashmir she said that Pakistan is misusing the CICA for propagating malicious propaganda against India. She said that Jammu and Kashmir is an integral part of India.
Conference on Interaction and Confidence Building Measures in Asia (CICA)
The Conference on Interaction and Confidence Building Measures in Asia (CICA) is a multi-national forum for enhancing cooperation towards promoting peace, security and stability in Asia.
The idea of convening CICA was first proposed by the President of the Republic of Kazakhstan Nursultan Nazarbayev, on 5 October 1992, at the 47th Session of the United Nations General Assembly.
27 countries including India, China, and Pakistan are members of CICA.
Summit meetings of CICA
The First summit meeting was held in Almaty, Kazakhstan on 4 June 2022. It was attended by Prime Minister Atal Bihari Vajpayee.
The second CICA summit was held in Almaty, Kazakhstan on June 17, 2006
The third CICA Summit was held in Istanbul, Turkey on 8 June 2010
The Fourth CICA Summit, was held in Shanghai, China on 21 May 2014
The Fifth CICA Summit was held in Dushanbe, Tajikistan, on 15 June 2019.
4. IAEA chief Rafael Gross calls for protecting Zaporizhzhia nuclear power in a meeting with President Putin in Russia
Tags: place in news Russia-Ukraine Person in news International News
The International Atomic Energy Agency (IAEA) Director General Rafael Gross met the Russian President Vladimir Putin in St Petersburg, amid concern over the safety of the Russian-held Zaporizhzhia nuclear power plant in Ukraine.
Rafael Gross met Putin after his meeting with Ukrainian President Volodymyr Zelenskyy in Kyiv last week.
Rafael Gross called for setting up a protection zone around the Zaporizhzhia Nuclear power plant and asserted that they cannot lose any more time. He emphasised that Russia and Ukraine must do everything to help in ensuring that a nuclear accident does not occur during the ongoing war between Russia and Ukraine.
Concern over the Zaporizhzhia nuclear power plant
The 6000 MW Zaporizhzhia nuclear power complex is the largest European nuclear power complex which has been occupied by the invading Russian forces since early March 2022.
The area has been heavily fortified by the Russian military and the Ukrainian forces are also launching a counter attack. This has led to the fear that the nuclear complex could be hit in an attack which could lead to a nuclear catastrophe in the area.
International Atomic Energy Agency (IAEA)
The IAEA was set up in 1957 as an agency of the United Nations.
The IAEA was set up to work with the member countries and multiple partners worldwide to promote safe, secure and peaceful nuclear technologies.
The International Atomic Energy Agency is the world's central intergovernmental forum for scientific and technical co-operation in the nuclear field.
Member Countries: 175
The IAEA headquarters is at Vienna, Austria and it has two regional offices located in Toronto, Canada and Tokyo, Japan,
Director General: Rafael Gross
5. Two day conference of Power and renewable energy ministers of States
Tags: Summits National News
Power Ministry to hold a two day conference of Ministers of Power and New & Renewable Energy of States and Union Territories in Udaipur, Rajasthan on 14 October 2022.
Important facts
The two-day conference will discuss the emerging issues in the power sector.
The conference will be inaugurated by Union Energy Minister RK Singh.
The conference is expected to deliberate on strengthening the power sector with a focus on energy conservation, renewable energy and reforms in the power sector.
In the conference, discussions will also be held on ensuring round the clock power supply through investments, feasibility of state power distribution companies, smart metering, rights of consumers and future power systems.
Agenda of discussion
Viability of DISCOMs
Smart Metering
Renewable Energy and Storage
Power Sector Reforms
Ensuring 24 x 7 power supply through timely investment
Rights of Electricity Consumers
Future power system in the year 2030
Energy Conservation
6. World’s first space tourist Dennis Tito to ride to moon again on SpaceX
Tags: Person in news International News
World’s first space tourist, Dennis Tito, has signed up with the Elon Musk Company SpaceX, to fly around the Moon aboard the Starship rocket.
The SpaceX Company on 12 October 2022 said that the rocket will take Tito and his wife, Akiko, within 200km (125 miles) of the far side of the Moon without landing on its surface. The date of the launch has yet to be announced as the Starship is yet to be tested.
Dennis Tito, an American engineer and entrepreneur became the first human space tourist to visit the International Space Station in 2001.
He was launched onboard a Russian rocket with the help of US-based Space Adventures in 2001.
Few companies in the world are striving to make space travel a reality. They are SpaceX , Richard Branson-founded Virgin Galactic SPCE.N, and Jeff Bezos’s Blue Origin which currently offers suborbital joyrides that hit an altitude of about 106km (66 miles) above the Earth.
90 year old American actor, William Shatner, who played the role of Captain James T Kirk on the TV series Star Trek, became the oldest person to ride a rocket into space when he travelled on a Blue Origin flight last year.
Human Space Flight
The first person to go into space was Yury Gagarin of the Soviet Union on 12 April 1961 onboard the Vostok Rocket.
The first woman to go into space was Valentina Tereshkova of the Soviet Union on 16 June 1963 onboard the Vostok 6 Rocket.
The first American to go into space was Alan Shepard in 1961.
Wing Commander Rakesh Sharma is the only Indian to go into space. He was part of the Soviet mission aboard Soyuz T-11 on 3 April 1984.
7. Multi-State Cooperative Societies (Amendment) Bill, 2022 gets Cabinet approval
Tags: National National News
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The Union Cabinet on 12 October 2022 has approved the Multi-State Cooperative Societies (Amendment) Bill, 2022.
Important facts
This bill has been brought to amend the Multi-State Co-operative Societies Act, 2002.
The aim of the amendment bill is to strengthen the cooperative movement in the country.
The amendment to the Act will improve governance, increase transparency and accountability and reform the electoral process in multi-state cooperatives.
Election authority will be constituted to ensure fair, free and timely elections.
This amendment is an attempt to improve the ease of doing business and bring in more transparency.
Highlight of the bill
The Bill includes provisions relating to representation of women and members of the Scheduled Castes/Scheduled Tribes on the boards of multi-state cooperatives.
The bill will include provisions of the 97th Constitutional Amendment.
The Constitution (97th Amendment) Act, 2011 deals with the cooperative societies operating in India.
The bill will expand the composition of the board and ensure financial discipline, apart from enabling multi-state cooperatives to raise funds.
The Bill has specific provisions for the establishment of a Co-operative Election Authority, a Co-operative Information Officer and a Co-operative Ombudsman.
There is a provision to ban the offenders for three years to bring more electoral discipline.
The Bill provides for bringing in selected directors with experience in the fields of banking, management, cooperative management and finance.
Multi-State Co-operative Societies Act, 2002
Co-operative is a state subject, but there are many societies such as sugar and milk, banks, milk unions etc. whose members and areas of operation are spread over more than one state.
This act was passed to govern the multi state cooperative societies.
For example, the Karnataka-Maharashtra border has most of the sugar mills that procure sugarcane from both the states.
Maharashtra has the highest number of such cooperative societies followed by Uttar Pradesh and New Delhi.
8. Multi-State Cooperative Societies (Amendment) Bill, 2022 gets Cabinet approval
Tags: National National News
The Union Cabinet on 12 October 2022 has approved the Multi-State Cooperative Societies (Amendment) Bill, 2022.
Important facts
This bill has been brought to amend the Multi-State Co-operative Societies Act, 2002.
The aim of the amendment bill is to strengthen the cooperative movement in the country.
The amendment to the Act will improve governance, increase transparency and accountability and reform the electoral process in multi-state cooperatives.
Election authority will be constituted to ensure fair, free and timely elections.
This amendment is an attempt to improve the ease of doing business and bring in more transparency.
Highlight of the bill
The Bill includes provisions relating to representation of women and members of the Scheduled Castes/Scheduled Tribes on the boards of multi-state cooperatives.
The bill will include provisions of the 97th Constitutional Amendment.
The Constitution (97th Amendment) Act, 2011 deals with the cooperative societies operating in India.
The bill will expand the composition of the board and ensure financial discipline, apart from enabling multi-state cooperatives to raise funds.
The Bill has specific provisions for the establishment of a Co-operative Election Authority, a Co-operative Information Officer and a Co-operative Ombudsman.
There is a provision to ban the offenders for three years to bring more electoral discipline.
The Bill provides for bringing in selected directors with experience in the fields of banking, management, cooperative management and finance.
Multi-State Co-operative Societies Act, 2002
Co-operative is a state subject, but there are many societies such as sugar and milk, banks, milk unions etc. whose members and areas of operation are spread over more than one state.
This act was passed to govern the multi state cooperative societies.
For example, the Karnataka-Maharashtra border has most of the sugar mills that procure sugarcane from both the states.
Maharashtra has the highest number of such cooperative societies followed by Uttar Pradesh and New Delhi.
9. Center approves ‘Prime Minister’s Development Initiative for North East Region (PM-DevINE) Scheme’
Tags: National Economy/Finance Government Schemes
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To boost economic and social development in the North Eastern region the central government has decided to launch a 100% centrally funded scheme Prime Minister’s Development Initiative for North East Region (PM-DevINE). The scheme was approved by the Union Cabinet in a meeting held on 12 October 2022 and chaired by the Prime Minister Narendra Modi.
PM-DevINE, was announced in the Union Budget 2022-23 to address development gaps in the North Eastern Region.
Duration of the Scheme
The scheme will be of four year duration from 2022-23 to 2025-26, which will coincide with the remaining period of the 15th Finance Commission.
Outlay on the scheme
The scheme is 100% centrally funded and the outlay for the scheme is Rs 6,600 crore for the next four years.
Who will implement the scheme?
The Scheme will be implemented by the Union Ministry of Development of North Eastern Region (DoNER) through North Eastern Council or Central Ministries/ agencies.
Objectives of the new Scheme
PM-DevINE will provide support to infrastructure and social development projects which may be larger in size and will also provide an end-to-end development solution instead of isolated 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.
The objectives of PM-DevINE are to:
(a) Fund infrastructure convergent, in the spirit of PM Gati Shakti;
(b) Support social development projects based on felt needs of the NER;
(c) Enable livelihood activities for youth and women;
(d) Fill the development gaps in various sectors.
North Eastern States in India
Arunachal Pradesh, Assam, Meghalaya, Mizoram, Manipur, Tripura, Nagaland and Sikkim.
Union Ministry for Development of North Eastern Region: Kishan Reddy
10. Grant of Rs 22, 000 crore approved by the government for oil PSU to compensate for LPG loss
Tags: National Economy/Finance
The Union Cabinet, chaired by the Prime Minister Narendra Modi, on 12 October 2022 has approved a onetime grant amounting to Rs.22,000 crore to three Public Sector Undertaking Oil Marketing Companies (OMCs). The grant will be distributed among Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).
In India LPG (Liquefied Petroleum Gas) is mainly used for cooking purposes and its price is linked to the International price. India imports about half of its requirement of LPG.
Government Subsidy on LPG
The Government of India has freed the price of the LPG and linked it with the International market. However, the government of India also provides subsidies on LPG cylinders to certain sections of society .
The Centre provides subsidy, through direct bank transfer, on 12 LPG cylinders (14.2 kg) a year per household. On purchases beyond 12 cylinders a year, the household has to pay the non-subsidised price.
Losses incurred by the PSU Oil Marketing Companies
In theory the prices of the LPG are determined by the international prices but in reality the government of India puts pressure on the PSU OMC not to increase the prices of LPG too much as it may hurt the public. So if the price of LPG goes up in the market and the prices are not increased in India then the loss is borne by the OMC.
During the period from June 2020 to June 2022, the international prices of LPG increased by around 300%. However, to insulate consumers from fluctuations in international LPG prices, the cost increase was not fully passed on to consumers of domestic LPG. Accordingly, domestic LPG prices have raised by only 72% during this period.
TO compensate the OMC government is giving them a grant.
Grant means that the OMC will not return the money back to the government .
Union Minister for Petroleum and Natural Gas: Hardeep Puri
