07th October Daily Current Affairs 2022: Today GK Updates for Bank Exam

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update for 07th October 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Daily GK Update of the 07th October 2022 covering the following news headlines: Green Technology incubation, Burkina Faso, WHO executive board, Internal Ombudsman Mechanism, DAKSH.

Top 13 Daily GK Updates: National & International News 

Here is providing below the top 13 important Daily General Knowledge 2022 updates with national & international news.

National News

1. India’s first Green Technology incubation facility opened at NIT Srinagar

• India’s first Green Technology incubation facility: At the National Institute of Technology (NIT) Srinagar, a technology company incubator centred on green technology (Green Technology incubation facility) called the “Greenovator Incubation Foundation” will soon open.
• The Department of Science and Technology (DST) is supporting a three-year initiative known as Inclusive TBI (i-TBI) for educational institutions, idea generators, innovators, and entrepreneurs to support innovative ideas, startup initiatives, and promote self-employment and job creation through incubation.

Important Takeaways For All Competitive Exams:

• CEO of India’s first Green Technology incubation facility, NIT Srinagar: Saad Parvez
• Director, NIT Srinagar: Prof. (Dr.) Rakesh Sehgal

International News

2. Captain Ibrahim Traore chosen as President of Burkina Faso

• President of Burkina Faso: Following Burkina Faso ‘s second coup in less than nine months, Captain Ibrahim Traore was named president, according to an official announcement.
• At the weekend, newly-emerging competitor Captain Ibrahim Traore, who was heading a band of unhappy junior officers, overthrew Lieutenant-Colonel Paul-Henri Sandaogo Damiba, who had seized control in January, sending the poor Sahel nation into fresh upheaval.

Important Takeaways For All Competitive Exams:

• Capital of Burkina Faso: Ouagadougou
• Currency of Burkina Faso: West African CFA franc

States News

3. Brig. B.D. Mishra assumes additional charge as Governor of Meghalaya

• New Governor of Meghalaya: At the Raj Bhavan in Shillong, Brigadier (Dr.) B.D. Mishra (Retd. ), the governor of Arunachal Pradesh, assumed the role of governor of Meghalaya. After previous Governor Satya Pal Malik’s term ended because he did not receive a term extension, he has been handed the extra responsibility. The oath was delivered by Justice Harman Singh Thangkhiew, acting chief justice of Meghalaya.
• Brig. B. D. Mishra recalled that he had previously visited Shillong during the conflict of 1971, therefore this was not his first time there.
• The swearing-in event included participation from Speaker Metbah Lyngdoh, Home Minister Lahkmen Rymbui, Cabinet Minister Banteidor Lyngdoh, Hamletson Dohling, and other authorities.
• Brig. B. D. Mishra is a combat veteran who fought for India in three significant conflicts in 1962, 1965, and 1971. On October 3, 2017, he became the official governor of Arunachal Pradesh.

Important Takeaways For All Competitive Exams:

• Capital of Meghalaya: Shillong
• Chief Minister of Meghalaya: Conrad Kongkal Sangma
• Acting chief justice of Meghalaya: Justice Harman Singh Thangkhiew

4. UP first all-woman PAC battalions formed by Uttar Pradesh Govt

• According to Chief Minister Office officials, the Uttar Pradesh government announced the creation of the first three all-female Provincial Armed Constabulary (PAC) battalions in the state.
• The objective of the action is to give women control over the state’s security. Additionally, by designating women beat constables, women’s aid desks were established at each of the state’s 1,584 police stations.

Important Takeaways For All Competitive Exams:

• Capital of Uttar Pradesh: Lucknow
• Chief Minister of Uttar Pradesh: Yogi Adityanath

Appointments News

5. Indian-origin Surgeon General Dr Vivek Murthy is US representative on WHO executive board

• Indian-origin Dr. Vivek Murthy has been nominated by US President Joe Biden to serve as the country’s representative on the Executive Board of the World Health Organisation. Dr. Murthy will serve as the US Representative on WHO Executive Board and he will continue his duties as the US Surgeon General.
• On March 2021, Dr. Vivek Murthy was confirmed to serve as the 21st Surgeon General of the Country.
• Previously, he served as the 19th Surgeon General under the Presidency of Barack Obama.
• Dr. Murthy as the nation’s doctor aims to draw attention to and work across Government to address several critical public health issues.
• Dr. Murthy is also the Vice Admiral of the US Public Health Service Commissioned Corps; he also commands a uniformed service of over 6000 dedicated public health officers.

6. Sibi George appointed India’s next ambassador to Japan

• Senior Diplomat Sibi George was appointed as the next Indian Ambassador to Japan. Sibi George is a 1993-batch Indian Foreign Service Officer. He is currently serving as the ambassador of India to Kuwait.
• Sibi George will replace Sanjay Kumar Verma as the representative of India to Japan. The Ministry of External Affairs has informed us that Sibi George will take up the new assignments shorty.

Economy News

7. Sevices Sector Growth Falls To 6 Months Low

• Growth in India’s services industry eased to a six-month low in September, led by a cooling in demand amid high inflation, a private survey showed. The S&P Global India services Purchasing Managers’ Index fell to 54.3 in September from August’s 57.2, lower than the Reuters poll expectation of 57.0.
• However, the September reading stayed above the 50-mark separating growth from contraction for the fourteenth straight month – the longest stretch of expansion since October 2016.
• Weak external demand weighed on sales of services sector, with international orders declining further in September, according to the survey. Service providers reported a further increase in their operating expenses during September, owing to higher energy, food, labour and material costs.  Hiring in the sector continued for the fourth month but fewer jobs were created compared to August.

Bankings News

8. RBI introduces Internal Ombudsman Mechanism for Credit Information Companies(CICs)

• 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, the RBI said in a circular. The RBI claimed that the action would give clients of regulated businesses a free alternative dispute resolution method for complaints regarding CICs. “Every CIC shall appoint the internal ombudsman for a fixed term of not less than three years, but not exceeding five years” the circular said.

9. RBI Launches DAKSH- Reserve Bank’s Advanced Supervisory Monitoring System

• The Reserve Bank Governor Shaktikanta Das launched a new ‘SupTech’ initiative DAKSH – the bank’s Advanced Supervisory Monitoring System, which is expected to make the supervisory processes more robust.
• In a statement, the Reserve Bank of India (RBI) said it has been taking various initiatives in strengthening supervision, which among other initiatives include adoption of latest data and analytical tools as well as leveraging technology for implementing more efficient and automated work processes.

Schemes News

10. FinMin allows airlines to avail up to Rs 1,500 crore loan under ECLGS

• The Union Finance Minister allowed airlines to avail of up to Rs 1,500 crore loan under the Emergency Credit Line Guarantee Scheme (ECLGS). The ECLGS will help them to recover their cash flow problems. Earlier, an airline could only avail of a loan of not more than Rs 400 crore under the ECLGS.
• In 2020, the Centre started to provide collateral-dree and government-guaranteed loans to businesses affected by the Covid-19 pandemic.
• The Finance Minister’s decision will likely benefit the financially affected airlines.
• It is a positive approach for the airlines to secure their working capital and funds for operation.
• The Department of Financial Services has informed that it has enhanced the maximum loan amount eligibility for airlines under the ECLGS to 100 percent of their total credit outstanding.
• The modification in the policy aims to give necessary collateral-free liquidity at reasonable interest rates
• Due to the Covid-19 pandemic, the Aviation sector was affected significantly.

Sports News

11. Rest of India beat Saurashtra by eight wickets to win Irani Trophy

• The Rest of India’s side won the Irani Cup title after beating the Ranji Trophy Champion of 2019-2020 Saurashtra by eight wickets in Rajkot. Rest of India (ROI) chased down the 105-run target, with Abhimanyu Easwaran remaining undefeated on 63 runs while adding 81 runs and Kona Bharat not out at 27.
• Kuldeep Sen took most of the wickets in the first innings against Saurashtra.
• ROI dominated Saurashtra from the opening day when they clean-bowled the opposing team for 98.
• The eight-wicket partnership of Jaydev Unadkat and Prerak Mankad, however, Kuldeep Sen changed the game in the favor of ROI.

Awards News

12. The SASTRA Ramanujan Prize for 2022 will be awarded to Yunqing Tang

• The SASTRA Ramanujan Prize for 2022 will be awarded to Yunqing Tang Assistant Professor at the University of California, Berkeley, USA. The Award is instituted by the Shanmugha Arts, Science, Technology & Research Academy (SASTRA) in 2005.
• The award includes a cash prize of $10,000 and it is presented annually to individuals aged 32 and below, who made an outstanding contribution to the field of mathematics.
• Ms. Yunqing Tang’s works display a remarkable combination of sophisticated techniques in which the arithmetic and geometry of modular curves and Shimura varieties play a central role.
• Tang’s recent woke in collaboration with Frank Calegari and Vesselin Dimitrov on the modular equation is of great significance.
• Ms. Yunqing Tang is praised as one of the deepest and most creative Mathematicians of her age.
• The prize will be awarded at the International Conference on Number Theory during December 20-22, 2022 at SASTRA University.

Miscellaneous News

13. India emerges as largest producer of sugar in world

• India has emerged as the largest producer and consumer of sugar in the world and the second largest exporter. During the sugar season in India, over 5,000 lakh metric tons (LMT) of sugarcane was produced out of which about 3,574 LMT was crushed by Sugar Mills to produce about 349 LMT of Sugar. 35 LMT of Sugar is diverted to ethanol production and 359 LMT of sugar was produced in sugar mills.
• During this season all records of sugarcane production, sugar production, sugar export, came to produce, cane dues paid and ethanol production were made.
• In 2020-21, India made records with the highest exports of about 109.8 LMT with no financial assistance.
• The sugar exports from India earned foreign currency of about Rs 40,000 crore for the country.