DAILY GK 1 OCT

 DAILY GK 1 OCT

1.             CENTRAL GOVT LOWERS BORROWING TARGET FOR FY’23 BY RS 10,000 CR

·               The Central Government declined its market borrowing target for FY23 by Rs 10,000 crore.

·               This represents enough tax collections to bear Rs 44,762 crore additional expense on free ration distribution under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).

·               The Government is also expecting gains from the windfall profit tax on oil that was levied from July 1, 2022.

·               The government in Budget for FY23 projected a gross market borrowing of Rs 14.31 lakh crore. Of this, the government decided to borrow Rs 14.21 lakh crore during FY23.

·               The balance amount of Rs 5.92 lakh crore (41.7% of Rs 14.21 lakh crore) will be borrowed in H2FY23 through dated securities, including Rs 16,000 crore through issuance of Sovereign Green Bonds (SGrBs).

·               Till September 17, 2022, the gross direct tax collections till September 17 grew 30% to more than Rs 8.36 lakh crore.

 

2.             GOVT HIKES INTEREST RATE ON SMALL SAVINGS SCHEMES FOR Q3 OF FY23

·               The Ministry of Finance increased the interest rates on five of 12 small savings schemes for Q3FY23 (October-December) while other interest rates kept unchanged.

·               Small savings rates for Kisan Vikas Patra (7%), 2-year time deposit (5.7%), 3-year time deposit (5.8%), senior citizen savings schemes (7.6%) and monthly income account (6.7%) were increased by 10 bps, 20 bps, 30 bps, 20 bps and 10 bps respectively.

 

3.             TELANGANA CELEBRATES BATHUKAMMA FESTIVAL 2022

·               Bathukamma means “The Mother Goddess comes to life”, is an annual festival celebrated predominantly in Telangana and in some parts of Andhra Pradesh (AP).

·               Bathukamma Festival is celebrated by Hindu Women, especially  young women folk of Telangana, showcasing the beauty of nature in vibrant colours of multitudinous flowers.

·               The festival begins a week before the grand ‘Saddula Batukamma’ (the grand finale of the Bathukamma festival) which falls two days before Dussehra.

 

4.             ANDAMAN & NICOBAR BECOMES INDIA’S FIRST UT/STATE TO ACHIEVE 100% COVERAGE OF PRECAUTIONARY DOSE

·               Andaman Nicobar (A&N)Islands became India’s first state/Union Territory (UT) to achieve a 100% coverage of precautionary dose.

·               Corbevax and Covishield vaccine administered as a precautionary dose in the islands.

 

5.             GLOBAL INNOVATION INDEX OF WIPO

·               The 15^th Global Innovation Index (GII) 2022 by the World Intellectual Property Organization (WIPO) was launched in which India ranked at 40^th position.

·               It is a huge leap of 41 places in 7 years as India was at 81^st position in 2015.

·               Switzerland ranked at 1^st position as the most innovative economy in the world in 2022 for the 12th year in a row.

·               It is followed by the United States (US-2^nd), Sweden (3^rd), the United Kingdom (UK-4^th) and the Netherlands (5^th).

·               WIPO is the global forum for intellectual property (IP) services, policy, information and cooperation with 193 member states.

·               WIPO Headquarters– Geneva, Switzerland

 

6.             USD 1 BILLION FUND FOR FINANCING EVS

·               The Government of India (GoI), World Bank (WB) and the Small Industries Development Bank of India (SIDBI) collaborated to launch a USD 1 billion fund to provide guarantees against defaults on loans taken to buy electric 2-wheelers and 3-wheelers.

·               The will be facilitated by the National Institute for Transforming India (NITI) Aayog with an aim of faster and easier financing of Electric Vehicles (EVs).

·               At present, loans for electric 2-wheelers and 3-wheelers attract 20-25 percent interest per annum (p.a.) while this fund is expected to bring down the interest p.a. to 10-12 percent.

·               World Bank President  David Malpass,Headquarters – Washington D.C,Members – 189 member countries

 

7.             SHASHI THAROOR NEW BOOK “AMBEDKAR: A LIFE”

·               An author, politician, and former international civil servant, Shashi Tharoor authored a new book named “Ambedkar: A Life”.

·               Shashi Tharoor stresses the role of  Bhimrao Ramji Ambedkar (B.R.Ambedkar) as a constitutionalist and a builder of democracy.

 

8.             INTERNATIONAL TRANSLATION DAY 2022- SEPTEMBER 30 

·               The United Nations (UN)’s International Translation Day (ITD) is annually observed across the globe on 30 September to honour the work of translators and language professionals across the world, who plays a major role in connecting nations and in fostering global peace and security.

·               The theme of ITD 2022 is ‘A World without Barriers: The Role of Language Professionals in Building Culture, Understanding and lasting Peace’.

 

9.             WORLD MARITIME DAY 2022- SEPTEMBER 29

·               The United Nations (UN)’s World Maritime Day (WMD) is annually observed on the last Thursday of September to recognize the contribution of the people who work in the maritime industry.

·               World Maritime Day 2022, the 45th World Maritime Day, falls on 29th September 2022.

·               The theme for World Maritime Day 2022 is ‘New technologies for greener shipping‘.

·                The UN declared World Maritime Day in collaboration with the International Maritime Organization (IMO).