Daily Current Affairs – 12 October, 2022

Context Department for Promotion of Industry and Internal Trade (DPIIT) hosted a Conference on B20 Indonesia Global Dialogue in partnership with Confederation of Indian Industry. Business 20 (B20) Formed in 2010, is the official G20 dialogue forum with the global business community.  B20 aims to deliver concrete actionable policy recommendations on the priorities by each […]

In News Amul will be merged with five other cooperative societies to form a multi-state cooperative society (MSCS). About  Formed in 1946. Amul is an Indian dairy state government cooperative society, based at Anand, Gujarat. The Gujarat Cooperative Milk Marketing Federation Ltd markets its products under the Amul brand. Amul spurred India’s White Revolution which […]

Context There is a risk that Britain’s economy could end up in a “doom loop”. What is Doom Loop? The doom loop is the circle of vulnerability where a country’s banking system can be severely hurt by volatility in the price of the sovereign bonds they hold for reserves resulting in a contraction in lending […]

In News  Chief Justice of India (CJI) U U Lalit has written to the government recommending his successor in the post, and as per the convention of seniority, Justice D Y Chandrachud will take over as the next CJI on November 9. About  The collegium  which Justice Chandrachud will head , will potentially make as […]

In News  The Ukrainian President  appealed to leaders of the Group of Seven nations for more air defence capabilities . The G7  pledged continued “financial, humanitarian, military, diplomatic and legal support  after Russian forces launched mass strikes About The G7 It is an informal forum of leading industrialised nations, which include Canada, France, Germany, Italy, […]

In News  Recently, the International Monetary Fund released World Economic Outlook, October 2022: Countering the Cost-of-Living Crisis. Major Findings  Globally Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades.  The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 […]

In News The recent announcement by Tamil film director Vignesh and his wife, actor Nayanthara, that they had become parents to twin boys is building up into a controversy, with speculations that the couple opted for surrogacy. What is Surrogacy? Meaning Surrogacy is defined as a practice wherein one woman bears and gives birth to […]

In News Recently, the Haryana state government decided to “completely stop” the production of medicines that caused deaths in Gambia. More about the news WHO Alert: WHO has issued a medical product alert for four contaminated medicines identified in The Gambia.  The four medicines are cough and cold syrups produced in India. Issue: These medicines […]

Context  The transparency regime set up by the Right to Information (RTI) Act has nearly 3.15 lakh pending complaints or appeals with 26 information commissions across India. RTI Pendency in India Pendency and delays:  As per the data obtained from several information commissions (ICs), the backlog of appeals or complaints with them is steadily increasing […]

In News Recently, the Prime Minister inaugurated the Mahakal Lok corridor built at the Mahakaleshwar temple. More about the news The Mahakaleshwar temple is dedicated to Lord Shiva and houses one of the 12 Jyotirlingas (representation of Lord Shiva) in India. The Mahakal Lok corridor project: The Mahakaleshwar Temple Corridor Development Project will provide better […]