29th October, 2022 Current Affairs

Sakshi Education

NATIONAL
GoI appoints Lt Gen Anil Chauhan as the new Chief of Defence Staff

The government of India has announced the appointment of Lt General Anil Chauhan (Retired) as the next Chief of Defence Staff (CDS), who will also function as Secretary to the Government of India, Department of Military Affairs.
The NDA alumnus became the General Officer Commanding-in-Chief of the Eastern Command in September 2019 and held the charge until his retirement from the service on May 31, 2021. He has held several appointments and has extensive experience in counter-insurgency operations in Jammu and Kashmir and the Northeast.
For his distinguished and illustrious service in the Army, Lt General Anil Chauhan (Retired) was awarded the Param Vishisht Seva Medal, Uttam Yudh Seva Medal, Ati Vishisht Seva Medal, Sena Medal and Vishisht Seva Medal.

Senior Advocate R Venkataramani named as new Attorney General of India

Senior advocate R Venkataramani has been appointed as the new Attorney General of India. The President has appointed Mr Venkataramani as the new Attorney General for a period of three years from the 1st of October.
The notification regarding Mr Venkataramani’s appointment as the Attorney General was issued today by the Department of Legal Affairs, Union Ministry of Law and Justice. Mr Venkataramani will replace current Attorney General KK Venugopal whose term ends on September 30, 2022. Mr Venugopal is currently on his third extension.

Bandaru Wilsonbabu appointed as Indian Ambassador to Madagascar

The Ministry of External Affairs (MEA) announced that IFS officer Bandaru Wilsonbabu, who is now joint secretary in the ministry of external affairs, has been named as India’s new ambassador to the Republic of Madagascar. He is anticipated to start the assignment soon. Abhay Kumar will be replaced by Wilsonbabu, who most recently worked as the joint secretary for the Eurasia section.
Madagascar and India have friendly bilateral ties. Both nations share similar perspectives on global and regional concerns. India’s reputation in Madagascar has improved thanks to the concessional credit of US$25 million from the Indian government to Madagascar for increasing rice output and establishing a fertiliser factory.

INTERNATIONAL

Saudi Arabia Crown Prince Mohammed bin Salman appointed as prime minister

Saudi Arabia’s powerful Crown Prince Mohammed bin Salman has been appointed as the prime minister by a royal decree. The crown prince, who is heir to the throne held by King Salman, already wields wide powers and is seen as the kingdom’s day-to-day leader. The royal decree appointing him as prime minister was carried by the Saudi Press Agency.
The reshuffle kept another son, Prince Abdulaziz bin Salman, as energy minister, the king said in the royal decree. The crown prince, known as MbS, is promoted from defence minister and has been the de facto ruler of Saudi Arabia, the world’s biggest oil exporter and a major U.S. ally in the Middle East.

ECONOMY

World Bank Cuts 2022 East Asia Growth Aim

Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China’s slowdown, but the pace of expansion will pick up next year, the World Bank said. The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific region, which includes China, to slow to 3.2%, down from its 5.0% forecast in April, and the previous year’s growth of 7.2%.
The weaker forecast was due mainly to a sharp slowdown in China, caused by its strict zero-COVID rules that have disrupted industrial production, domestic sales and exports, the World Bank said. China, which constitutes 86% of the 23-country region’s economic output, was projected to grow 2.8% this year, a significant deceleration from the bank’s previous forecast of 5.0%. In 2021, China’s economy expanded 8.1%, its best growth in a decade. For 2023, the world’s second-largest economy was seen growing at 4.5%.

ADB to Devote $14 billion to Help Ease Food Crisis in Asia-Pacific

The Asian Development Bank said, it will devote at least $14 billion through 2025 to help ease a worsening food crisis in Asia-Pacific.
The development lender said it plans a comprehensive program of support to help the 1.1 billion people in the region who lack healthy diets due to poverty and soaring food prices. The Manila, Philippines-based ADB made the announcement during its annual meeting.

Hitachi Astemo planted its first solar power plant in India

Hitachi Astemo installed its India’s first ground-mounted solar power plant of 3 megawatts (MW) at its Jalgaon manufacturing plant. The 3 megawatts (MW) solar power plant will be built in an area of 43301 sqm.
The ground-mounted solar power plant will consist of 7128 ground-mounted solar panels and 10 inverters. Hitachi Astemo is known for the development, manufacture, sale, and service of automotive and transportation components. This solar power plant will embark on its new journey in the field of sustainable energy in India.

APPOINTMENTS

Joseph Gebbia, co-founder of Airbnb, added to the Tesla board

Joseph Gebbia added to the Tesla board: Tesla Inc. said that Airbnb co-founder Joseph Gebbia has joined the board of directors, reversing a decision to reduce the number of directors at the most valuable automaker in the world.
Following the departure of Oracle Inc. co-founder Larry Ellison in August, Tesla announced in June that it will have just seven board seats, drawing criticism from a shareholder organisation for the absence of independent board members.
The U.S. Securities and Exchange Commission (SEC) received a complaint from SOC Investment Group in July alleging that Tesla’s proposal did not follow a 2018 “consent decree” with the SEC, which required having two independent board seats.
That arrangement was the result of Tesla’s CEO Elon Musk’s tweet about going private.
Tesla recruited Ellison, a man who calls Musk a close friend, in December 2018 to follow the contract.
Tesla stated in a regulatory filing that Gebbia, 41, has forfeited all rights to cash remuneration and has agreed to forgo taking any stock-based incentives until July 2023.

ENVIRONMENT

Uttar Pradesh govt gives nod to Bundelkhand’s first tiger reserve

The Uttar Pradesh cabinet has gave a green signal for the development of the first tiger reserve in the Bundelkhand region. The tiger reserve will span across 52,989.863 hectares of land including 29,958.863 hectares of buffer area and 23,031.00 hectares of the core area which was already notified as Ranipur wildlife sanctuary in the Chitrakoot district of the state.
The Ranipur Tiger Reserve area covered by northern tropical dry deciduous forests is home to tiger, leopard, bear, spotted deer, sambhar, chinkara, reptiles and other mammals. The establishment of Ranipur Tiger Reserve will prove to be a turning point for the conservation of wildlife in Bundelkhand along with the opening of the eco-tourism potential of the area creating immense employment opportunities benefiting the local population.

Published date : 29 Oct 2022 03:48PM