19th 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 19th 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 19th October 2022 covering the following news headlines: Geographical Indication tag, World Blockchain Summit, Kati Bihu 2022, Indian Navy Sailing Championship 2022, Freedom House, SARANG. 

Top 22 Daily GK Updates: National & International News 

Here is providing below the top 22 important Daily General Knowledge 2022 updates with national & international news.

National News

1. Union Cabinet Approves MSP Hike for All Mandated Rabi Crops

• The Union Cabinet approved an increase in the Minimum Support Price (MSP) for all Rabi Crops for the Marketing Season 2023-24. The highest increase has been cleared for lentils with a hike of 500 rupees per quintal. The MSP on wheat has been hiked by 110 rupees and barley by 100 rupees.
• Information and  Broadcasting Minister, Anurag Singh Thakur said that the increase is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of a minimum of 1.5 times of the All-India weighted average Cost of Production.

International News

2. ‘SARANG – The Festival of India in Republic of Korea’ 

• The 8th edition of annual flagship cultural program of Embassy of India, Seoul ‘SARANG– The Festival of India in Republic of Korea’ will be held from Sept. 30 through Oct. 14, 2022 in offline mode at various locations across the country after a two-year hiatus due to COVID-19 pandemic.
• Starting in 2015, SARANG has emerged as a prominent Indian cultural festival, introducing India’s colorful and diverse heritage and has, since then, grown in size, scale and popularity, promoting India’s soft power in its truest sense and contributing to its rich civilizational legacy and cultural vibrancy.
• The word SARANG has a very meaningful interpretation for both Koreans and Indians. SARANG in Korean means ‘love’ and for Indians it refers to ‘diversity representing different colors of India’.
• As a part of this festival, it is our endeavor to showcase the rich cultural diversity of India represented through various art forms including dance, drama, music, films and cuisine. This depiction of India in its entirety captures the hearts and minds of the local community in Korea and strengthens the love and friendship between the people of the two countries.

• Pakistan is likely to exit the grey list of the Financial Action Task Force (FATF) after it was placed in the infamous category since 2018 for failing to check money laundering and terrorist financing, a media report said.
• The Paris-based global watchdog on money laundering and terrorist financing said that the first FATF Plenary under the two-year Singapore Presidency of T. Raja Kumar will take place on October 20-21.

State News

4. Kati Bihu 2022: Significance, Date, and Time

• The Kati Bihu is an auspicious festival of Assam which is a harvest festival. It is celebrated on 18th October 2022 and the day is marked on the first day of Kati month according to the Assamese Calendar. The Kati Bihu generally falls in October every day.
• Kati Bihu is also known as Kongali Bihu which marks the crucial phase in farmers’ lives in Assam. It marks the fresh start of the harvest season and the relocation of the rice saplings.
• There is a total of three Bihu celebrated in Assam that are related to agriculture. The Kati Bihu is one of the harvest festivals of Assam and the other two mark the key dates in the harvest. Kati means cutting and it signifies the time of the year when the granaries are usually empty and there is not much to eat at this time of the year.

Appointments News

5. Former Infosys President Ravi Kumar joins Cognizant

• Former Infosys president Ravi Kumar S, who resigned from the Bengaluru-based IT company last week, is joining as president of Cognizant Americas. Kumar will take on the position from January 16, 2023, and will be reporting directly to Brian Humphries, chief executive officer (CEO) of Cognizant.
• Kumar succeeds Dharmendra Kumar Sinha who retired from Cognizant last year. At present, Sinha is the president of the public cloud business unit in Rackspace Technology. Surya Gummadi will continue to hold the post of interim president for Cognizant Americas till Kumar joins, after which he will move to lead Cognizant’s $5-billion health sciences business.

Important takeaways for all competitive exams:

• Cognizant Chief Executive Officer (CEO): Brian Humphries;
• Cognizant Headquarters: New Jersey, United States of America (USA).

6. ICAS Bharati Das named as the new Controller General of Accounts

• The governement of India has appointed Bharati Das, an officer of the Indian Civil Accounts Service of the 1988 batch, as the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance.
• She is the 27th Controller General of Accounts, Ministry of Finance. She has served as the Principal Chief Controller of Accounts at the Central Board of Direct Taxes, at the Ministry of External Affairs and at the Ministry of Home Affairs.
• She has also served as the CCA at the Ministry of Health and Family welfare, Director at the Ministry of Civil Aviation, and Deputy Secretary at the Ministry of Road Transport and Highways and Ministry of Port, Shipping and Waterways.

7. Dr Prashant Garg elected as member of Academia Ophthalmological Internationalis

• Dr Prashant Garg, executive chair, L V Prasad Eye Institute, has been elected as a ‘Member’ of the prestigious Academia Ophthalmological Internationalis (AOI). Dr Garg becomes the fifth from India to ever receive this honour.
• His tenure as a Member of Academia Ophthalmological Internationalis will formally commence next year during AOI’s next General Assembly meeting.

Important takeaways for all competitive exams:

• Academia Ophthalmological Internationalis President: Marie-José Tassignon;
• Academia Ophthalmological Internationalis established: April 10, 1976.

8. Kaustubh Kulkarni elevated as JP Morgan India head

• JP Morgan has announced the appointment of its new Country Head of India, Kaustubh Kulkarni. Madhav Kalyan the current country head of India will be serving in the Asia Pacific Payments Division from 1st November 2022.
• Kaustubh Kulkarni is currently serving as the head of investment banking in JP Morgan India and also as the Vice-chair of Asia Pacific for the bank and also as the co-head of investment banking for Southeast Asia.

9. Atanu Chakraborty appointed as new Chairman of Yubi

• Atanu Chakraborty now the Chairman of Yubi: Atanu Chakraborty has been appointed as the Independent Chairman of the Yubi board, as told by the company itself.. In addition, Atanu Chakraborty serves as HDFC Bank’s board chairman at the moment.
• Atanu Chakraborty served as the Joint Secretary of the Ministry of Finance and a member of the Central Board of Directors of the Reserve Bank of India, according to a press release from the Chennai-based debt marketplace.

Banking News

10. BookMyShow and RBL Bank collaborate to offer the “Play” credit card 

• BookMyShow and RBL Bank collaborate: The launch of a new credit card called “Play” by RBL Bank and BookMyShow will significantly increase the entertainment value for Indian consumers.
• RBL Bank and BookMyShow collaborated to offer the Fun Plus credit card earlier in 2016. Customers will be able to follow the full procedure on BookMyShow, a first for any entertainment platform in India, from application to delivery of the “Play” credit card.
• Select BookMyShow customers will have access to the “Play” credit card, which will enable them to take advantage of lucrative offers on movie tickets, live entertainment purchases (both online and offline)
• The customers will also have access to binge-watching movies and TV shows on BookMyShow Stream by renting or buying a title, all while earning rewards with each purchase.

11. KBL Centenary Deposit Scheme launched by Karnataka Bank

• KBL Centenary Deposit Scheme launched: Karnataka Bank has launched a term deposit scheme named the KBL Centenary Deposit Scheme with effect from October 17, 2022. In order to honour the amazing journey towards its Centenary and to thank its customers, the bank has created a special term deposit programme with a higher rate of interest.
• For a period of 555 days, the KBL Centenary Deposit Scheme will enjoy an interest rate of 7.20% p.a. Senior citizens will pay an interest rate of 7.60% annually.
• Customers have a great chance to save money and invest it to make more money.
• In order to recognise the great progress made toward the centennial, it offers a higher rate of interest.
• The Karnataka Bank will join the elite group of banks that are now providing the highest rate of interest on term deposits in the banking market by implementing this deposit programme.

Defence News

12. Indian Naval Academy to conduct Indian Navy Sailing Championship 2022

• Indian Naval Academy, Ezhimala to conduct the Indian Navy Sailing Championship 2022 at Marakkar Watermanship Training Centre in Kerala. The Indian Navy Sailing Championship 2022 is the largest intra-Navy sailing regatta in which nearly one hundred yatchpersons from all three Indian Naval Commands will participate.
• The sailing championship is one of the events being conducted by the Indian Navy to commemorate Azadi Ka Amrit Mahotsav and Khelo India. The Championship will be held from 18th October 2022 to 21st October 2022.

Ranks and Reports News

13. Freedom House: India’s internet freedom improves after 4 years downturn

• India’s internet freedom improves after 4 years: Following initiatives to close the digital divide in the nation, India’s internet freedom score increased by two points to 51 in the overall ranking, according to the US government-funded NGO Freedom House.
• Reduced frequency and intensity of nationwide internet outages also contributed to the score improvement. In terms of internet freedom, India scored 49 in 2021.

Summit and Conferences News

14. 22nd World Blockchain Summit Begins in Dubai 

• World Blockchain Summit in Dubai is taking place on Oct. 17 and 18, 2022 at Atlantis, The Palm. It is one of the most elite gatherings of the global crypto and blockchain ecosystem.
• The 22nd global edition of the World Blockchain Summit will bring together some of the world’s leading crypto influencers, policymakers, key government delegates, media, family offices, HNIs and other curated investors, among others, to foster the crypto and blockchain community across the globe.
• Blockchain technology is a technology that leads to a chain of blocks, containing digital information stored in a public database. It is a distributed database existing on multiple computers at the same time, which constantly grows as new sets of recordings or blocks are added to it.

Sports News

15. Serbian scientists name beetle after country’s tennis star Novak Djokovic

• Serbian scientists have named a new species of beetle after the tennis player Novak Djokovic, a Serbian tennis player due to its speed, strength, flexibility, durability and ability to survive in a difficult environment.
• The new species of beetle belongs to the Duvalius genus that is present in Europe. It was discovered several years ago in an underground pit in western Serbia. The insect is a specialised underground Coleoptera beetle, a predator which lost its eyes living deep underground.

16. Irish prof Bernard Dunne is Indian boxing’s new high performance director

• Former Irish professional boxer Bernard Dunne has been named the high-performance director (HPD) for Indian boxing. Dunne, who had a five-year (2017-2022) stint with the Irish Athletic Boxing Association, replaces Santiago Nieva.
• During Dunne’s tenure with the Ireland team, Kellie Harrington emerged as World (2018, Delhi) and Olympic (2021, Tokyo) champion, while Amy Broadhurst and Lisa O’Rourke won golds at this year’s World Championships in Istanbul and Aidan Walsh secured a bronze at the Tokyo Olympics.
• The 42-year-old Dunne, who has bagged 13 national titles, has joined the Indian boxing elite programme at Patiala. He has won the WBA World Championship (2009) and the European Championship (2007), will take over the position which was left vacant after Santiago Nieva’s departure.

17. Qatar to host AFC Asian Cup 2023

• The Asian Football Confederation (AFC) Executive Committee has confirmed the Qatar Football Association (QFA) as the host association for the AFC Asian Cup 2023. The 11th AFC Executive Committee meeting was chaired by AFC President Shaikh Bin Ebrahim Al Khalifa.
• Qatar is the reigning AFC Asian Cup Champions and will be hosting the most prestigious men’s tournament for the third time.
• The AFC Executive Committee also deliberated upon the bidding proposals for the AFC Asian Cup 2027.
• It shortlisted the All India Football Federation (AIFF) and the Saudi Football Federation (SAFF) as the final two bidders.
• Football Australia withdrew from the AFC Asian Cup 2023 bidding process on 1st September 2022.

Awards News

18. Alexia Putellas, Karim Benzema win 2022 Ballon d’Or awards

• Real Madrid’s Karim Benzema, a professional French footballer, has won the Men’s Ballon d’Or (Golden Ball Award) 2022 and becomes the 5th Frenchman to win the prize.
• Barcelona’s Alexia Putellas, a Spanish professional footballer, has won the Women’s Ballon d’Or award or Ballon d’Or Féminin Award for the 2nd time.
• The 66th edition of the Ballon d’Or Ceremony (2022) was held on 17th October 2022 at the Théâtre du Châtelet. Paris, France. Karim Benzema becomes only the 2nd player aside from Lionel Messi and Cristiano Ronaldo to win the award since 2008.

The Ballon d’Or: Awards and Winners:

Schemes News

19. PM Kisan Samman Sammelan 2022 Launched by PM Modi

• PM Kisan Samman Sammelan 2022 Launched: The PM Kisan Samman Sammelan 2022 will be launched by Prime Minister Narendra Modi at the Indian Agricultural Research Institute in New Delhi. More than 13,500 farmers from all around the country and about 1,500 agri entrepreneurs are expected to attend the two-day event.
• The Prime Minister will officially open 600 Pradan Mantri Kisan Samruddhi Kendras (PMKSK) under the ministry of chemicals and fertilisers.
• PMKSK will provide agri-inputs like fertilisers, seeds, and implements; testing facilities for soil, seeds, and fertilisers; awareness-raising activities for farmers; details on various government programmes; and regular capacity building for retailers at block/district level outlets.

Books and Authors News

20. IRS officer Sahil Seth launches his book ‘A confused mind story’

• Indian Revenue Service (IRS) Joint Commissioner GST, Custom & Narcotics and youth influencer, Sahil Seth launched his book titled ‘A confused Mind story’. The book was launched and the first look was Unveiled in the presence of Union Health Minister Sh Mansukh L Mandaviya.
• The book was published by Blue Rose publication house, one of the top fiction, nonfiction, and poetry book publishers in India. The book is based on the contrast between the spiritual and material world. The book depicts the answers behind the confusion of the common man in day­to­day life and explains the rationale behind the meaning of life and belief system.

Miscellaneous News

21. India Gate Basmati Rice Recognized as World’s Number 1 Basmati Rice Brand

• India Gate, the flagship brand of KRBL, has been recognized as the world’s No. 1 Basmati Rice Brand in a market study conducted by a leading global research company.
• The quantitative study by Mordor Intelligence covers research of White and Brown Basmati Rice Category across continents like the Americas, Europe, Asia-Pacific, and Middle East & Africa.
• The research has been done using methodologies like Primary & Secondary Research, Data Triangulation, and Insight Generation. Mordor Intelligence, a leading global research company founded in 2014 has been conducting studies providing insights to 4000+ enterprises across 100+ countries across multiple industries.

22. Geographical Indication tag sought for nihonshu from Japan

• This is the first time a product from Japan has filed for a tag at the Geographical Indication Registry in Chennai. The Embassy of Japan, New Delhi, has filed an application seeking a Geographical Indication (GI) tag for Nihonshu/Japanese sake, an alcoholic beverage. It is learnt that this is the first time a product from Japan has filed for a tag at the Geographical Indication Registry here.
• Nihonshu is regarded as a special and valuable beverage made from fermenting rice. People traditionally drink nihonshu on special occasions, such as festivals, weddings or funerals, but it is also consumed on a daily basis. Thus, it is an integral part of the lifestyle and culture in Japan.