Wave Affairs 29 & 30 October 2023

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Indian Oil Company Launches Republic of India’s 1st Fuel & Diesel Reference Fuels
Union Minister Hardeep Singh Puri, Ministry of Petroleum and Herbal Fuel (MoPNG) introduced the India’s 1st Reference Fuel and Diesel Fuels produced via Indian Oil Company Restricted (IOCL).

• With this origination, Republic of India joined the elite team of countries with home manufacturing of ‘Reference’ Petrol and Diesel and IOCL turns into the 4th refiner on the planet to create ‘reference’ grade petrol and diesel.
• IOCL’s Paradip refinery (Odisha) will create ‘reference’ grade petrol; IOCL’s Panipat Refinery (Haryana) will create ‘reference’ attribute diesel.

Notice: The manufacturing of ‘reference’ gasoline is every other step against Aatmanirbhar Republic of India (self-reliant Republic of India).
About Indian Oil Company Restricted (IOCL):
IOCL is a Maharatna People Sector Undertaking (PSE) underneath MoPNG. It was once integrated in 1964 via merging Indian Refineries Restricted with Indian Oil Corporate underneath the Indian Firms Operate, 1956.
Chairman– Shrikant Madhav Vaidya
Headquarters– Fresh Delhi, Delhi
>> Learn Complete Information

Coal Ministry & MNRE Collaborate to Paintings Collectively to Advertise Inexperienced Power 
The Ministry of Coal and the Ministry of Fresh & Renewable Power (MNRE) collaborated to paintings in combination for the promotion of inexperienced power.
MNRE will grant technical, coverage, and capacity-building support, age the Ministry of Coal will provide land and capital to put together solar power, inexperienced hydrogen, and alternative renewable power tasks.

• Thru this collaboration, the roof-top sun will likely be put in in the entire govt constructions and homes of CPSE workers in Challenge Form.
• The de-coaled and surplus land plenty will likely be presented for the putting in place of inexperienced hydrogen tasks via non-public traders.
• MNRE is about to assistance the Ministry of Coal and its CPSEs for capacity-building coaching of engineers, technicians, and alternative functionaries during the Nationwide Institute of Sun Power (NISE)Gurgaon (Haryana).
• MNRE will grant wisdom partnerships during the Indian Institute of Generation (IIT), Roorkee (Uttarakhand), the Sun Power Company of Republic of India, and its alternative useful resource businesses.

Notice:
The central family sector Enterprises(CPSEs) of Ministry of Coal have put in  1600 MegaWatt (MW) sun Power presen capability and Paintings on every other 500 MW sun tasks is at other phases.CPSEs goal to build a presen capability of 12GW via 2030.

BANKING & FINANCE

Secure Storagefacility of Republic of India (RBI) Problems Fresh Pointers NBFC –  SBR Grasp Instructions 2023Secure Storagefacility of Republic of India (RBI) has just lately revealed a untouched prepared of pointers referred to as the “Master Direction – Reserve Bank of India (Non-Banking Financial Company (NBFC)– Scale Based Regulation(SBR)) Directions, 2023″.
It replaces the Non-Banking Financial Company–Non-Systemically Important Non-Deposit taking (Reserve Bank) Directions, 2016, and the Non-Banking Financial Company–Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016.
i.As the regulatory structure envisages scale based as well as activity-based regulation, the following prescriptions shall apply in respect of the NBFCs.

• NBFC-P2P, NBFC-AA, NOFHC, and NBFCs without public funds and customer interaction will consistently fall within the Base Layer of the regulatory structure.
• NBFC-D, CIC, NBFC-IFC, and HFC will be categorized in either the Middle Layer or Upper Layer, as appropriate, excluding the Base Layer. SPD and IDF-NBFC will always remain in the Middle Layer.

ii.The Reserve Bank of India is mandating Credit Information Companies (CICs) and Credit Institutions (CIs) to enhance customer service and grievance redress mechanisms, pursuant to Section 11(1) of the Credit Information Companies (Regulation) Act, 2005
>> Read Full News

RBL Bank launches Zero-Balance Go Savings AccountRBL Bank, formerly known as Ratnakar Bank, has launched the GO Savings Account, a zero-balance digital banking product. The account has a subscription-based model means it will replace minimum balance requirement, thus, finishing the hassle of maintaining a minimum balance.
GO Savings Account Features:

• Competitive interest rates of up to 7.5% per annum.
• A premium debit card.
• Vouchers valued at Rs 1500 for premier brands.
• Comprehensive cyber insurance cover, accident and travel insurance up to Rs 1 crore and free CIBIL report.

Key Points:
i.The subscription fee is Rs 1999 (plus taxes) for the first year, and an annual renewal fee of Rs 599 (+taxes).
ii.The account has a simple account opening process and easy-to-operate features. It caters to customers of all age groups.
About RBL Bank:
Managing Director & CEO– R Subramaniakumar
Headquarters– Mumbai, Maharashtra
Tagline– Apno Ka Bank
Establishment– 1943

AU Small Finance Bank Launches ‘Planet first – AU Green Fixed Deposit’ with 8.5% Interest RateAU Small Finance Bank (AU SFB) Limited launched its first Green Fixed Deposit (FD) namely Planet First – AU Green Fixed Deposit with an interest rate of up to 8.50%. This launch represents bank’s commitment towards climate action, and also allows customers to contribute to sustainability by dedicating proceeds to green projects.

• The Green FD was launched on 25th October 2023, last Wednesday of October, which is celebrated as the Sustainability Day.

Features of Planet First-AU Green Fixed Deposit:

• Interest rate of up to 8.50%
• Minimum investment of Rs. 5,000
• Tenure options from two to five years
• Interest payment options including monthly, quarterly, and cumulative

Key Points:
i.With this launch, customers can secure Green FDs through Video Banking, the AU 0101 App, Net Banking, or by visiting AU Small Finance Bank branches, both existing and new AU SFB customers.
ii.A green fixed deposit (FD) is an interest-bearing deposit that funds projects with environmental benefits. Green FDs are also known as environmentally friendly fixed deposits.
iii.The Green Fixed Deposits will enable customers to contribute to sustainability of planet through AU’s green offering.

Escrowpay secures India’s 1st digital Escrow authorization from IFSCA
Escrowpay, a leading digital escrow platform, has secured India‘s 1st  digital escrow regulatory fintech authorisation from International Financial Services Centres Authority (IFSCA), Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat.

• The authorization will provide secured and efficient financial solutions to 70 million Small and Medium Enterprises (SMEs) in India.
• The authorization will also enable Escrowpay to further expand its suite of offerings and commence cross-border transactions in over 14 world currencies.
• It will also help to make escrow banking more accessible, affordable, and secure for all users.

What is Escrow?
Escrow is a financial arrangement in which a third party, known as an escrow agent, holds money or property on behalf of two other parties that are in the process of completing a transaction.
About Escrowpay:
MD– Ashwin Chawwla
Headquarters– Gurugram, Haryana Established in 2015

APPOINTMENTS & RESIGNATIONS

3 Indian Technology Experts Named in the 39-member UN High-level Advisory Body on AIOn 26 October 2023, the United Nations (UN) Secretary-General (SG) António Guterres revealed the formation of a 39-member High-Level Multistakeholder Advisory Body on Artificial Intelligence (AI) in New York, the United States of America (USA).

• The list featured 3 Indian technology experts namely Amandeep Singh Gill, UN SG’s Envoy on Technology(since 2022); Nazneen Rajani, Lead Researcher at Hugging Face; and Sharad Sharma, Co-founder of iSPIRT Foundation.
• The Board will support the international community’s efforts to govern AI and its members’ list comprises experts from the government, private sector, research community, civil society, and academia.

About United Nations (UN):
Secretary-General– António Guterres
Headquarters– New York City, United States of America (USA)
Established on– 24 October 1945.
>> Read Full News

Actor Rajkummar Rao Named as ‘National Icon’ for Election Commission of India Bollywood Actor Rajkummar Rao was named as the ‘National Icon’ for voter awareness and education by the Election Commission of India(ECI).

• Rajkummar Rao and ECI entered into a Memorandum of Understanding (MoU) for a period of 3 years at the event held in New Delhi, Delhi, in the presence of the Chief Election Commissioner (CEC), Rajiv Kumar, and Election Commissioners Anup Chandra Pandey and Arun Goel.

About this Partnership:
i.This collaboration aims to use Rajkummar Rao’s impact and popularity to inspire citizens, especially youth, across the country to actively engage in the voting process.

ii.Through this collaboration, Rajkummar Rao will promote voter awareness in various TV talk shows/ programs and digital campaigns about the importance of voting and strengthening the roots of democracy by fostering a more engaged and informed electorate.

iii. ECI collaborates with renowned Indians from various fields and designates them as ECI’s national icons to inspire voters to join in the celebration of democracy.

• Former Indian cricketer and Bharat Ratna awardee Sachin Ramesh Tendulkar as the National Icon in August 2023.
• Actor Pankaj Tripathi was named as the National Icon in 2022.
• Singer Jasbir Jassi and diversity and inclusion consultant Dr. Niru Kumar were named as the National Icons in 2020.
• During the 2019 Lok Sabha Elections, Mahendra Singh Dhoni, Aamir Khan and Mary Kom were the ECI National Icons.

About Rajkummar Rao:
i.Rajkummar Rao made his acting debut with the anthology film Love Sex Aur Dhokha (2010).

• Rajkummar Rao acted as an election officer in ‘Newton’ movie which was released in 2017.
• Rajkummar Rao is noted for his acting in movies like Shahid (2012), Trapped (2016), Stree (2018), Badhaai Do (2022), Monica, and O My Darling (2022).
• He is the brand ambassador of the brands including Cashify, Syska Group and ‘The New Shop’.

ii.He won the best actor award in the 2014 National Flim Awards for acting in ‘Shahid’ movie which was a real life story of Shahid Azmi, slain lawyer and human rights activist from Mumbai, Maharashtra
State of India.He shared the best actor award with Suraj Venjaramoodu for Malayalam film “Perariyathavar”.

Worldsteel elects Nucor’s Leon Topalian as Chairman & TATA Metal’s T V Narendran as Vice ChairmanLeon J. Topalian, President and Eminent Government Officer(CEO) of Nucor Company (the USA of The usa-USA), was once elected because the forty fifth Chairman of the Global Metal Affiliation(worldsteel), the global business affiliation for the iron and metal sector.

• Republic of India’s Thachat Viswanath(TV) Narendran, CEO & Managing Director(MD) of Tata Metal Restricted and Choi Jeong-Woo, CEO of POSCO Holdings had been elected because the Vice Chairman of Worldsteel.
• Choi Jeong-Woo served because the forty fourth Chairman of the WorldSteel.

Alternative Elected Place of business Bearers: 

• Timoteo Di Maulo, CEO of Aperam S.A. (Belgian-French Corporate), because the Chairman of worldstainless.

Notice: worldstainless is a not-for-profit analysis and construction affiliation which was once based in 1996 because the World Stainless Metal Discussion board. worldstainless isn’t a detached prison entity. Worldsteel supplies administrative assistance to worldstainless.
Key Issues:

• Leon J. Topalian, TV Narendran and Choi Jeong-Woo had been additionally elected because the contributors of the 2023-2024 Government Committee
• The board contributors of Worldsteel has additionally elected the chief board of administrators for the length 2023-2024. The executives of the board of Worldsteel will retain administrative center for 1 occasion.

About TV Narendran:
i.Narendran served because the Vice President – Protection, Flat Merchandise & Lengthy Merchandise Categories of Tata Metal from 2010 until his appointmnet as MD of Tata Metal in November 2013.
ii.He’s additionally a member at the Board of Tata Metal and he’s the Chairman of Tata Metal Europe.
iii.He’s additionally a member of the Council of Indian Institute of Science, Bangalore.
iv.He was once the co-chair of the Mining & Metals Governors Council of the Global Financial Discussion board(WEF) from 2016 to 2018.
v.He served because the President of the Indian Institute of Metals from 2021 to 2022 and as President of the Confederation of Indian Business (CII) from 2021 to 2022.
About Global Metal Affiliation(worldsteel):
Worldsteel was once based because the World Iron and Metal Institute on 10 July 1967 and renamed as Worldsteel in 2008.
This represents metal manufacturers, nationwide and regional metal business associations, and metal analysis institutes. Its Participants constitute round 85% of worldwide metal manufacturing.
Director Basic– Edwin Basson
Headquarters–  Brussels, Belgium

SCIENCE & TECHNOLOGY

Republic of India’s HAL, France’s Safran ink MoU to Build Business Engine PortionsOn October 27, 2023, a memorandum of figuring out (MoU) was once signed between Hindustan Aeronautics Restricted (HAL) and Safran Plane Engines, a French aerospace engine producer, to form business cooperation in ring forging production for industrial engines.
Notice: HAL is a Navaratna Condition People Sector Endeavor (PSU) underneath the Ministry of Defence(MoD).
Signatories:
It was once signed via Mihir Kanti Mishra, CEO (Bangalore Advanced) of HAL, and Dominique Dupuy, Senior Vice-President (Buying) of Safran Plane Engines all the way through a rite at Bengaluru, Karnataka.
What is going to be achieved underneath the MoU?
HAL will create LEAP (Prominent Edge Flight Propulsion) engine forgings at its foundry and forge facility in Bengaluru.

• LEAP powers the Airbus A320 Neo population and Boeing 737 Max.

Key Issues:
i.An Commercial Cooperation Commitment was once additionally signed via Anil Kumar VN, GM (F&F) of HAL, and Jean Michel, Technique Director and Republic of India Construction for Safran Army Category to additional fortify this strategic partnership.
ii.Safran already has 3 manufacturing amenities in Republic of India (between Hyderabad, Telangana and Bengaluru), which will likely be finished via a fourth website at Hyderabad devoted to the LEAP MRO actions via 2025.

• The Helicopter Engine MRO (HE-MRO) facility being advanced in Goa collectively with HAL will likely be fifth Safran facility in Republic of India. This may occasionally turn out to be operational via 2025.

About Hindustan Aeronautics Ltd. (HAL):
Chairman and Managing Director (Alternative Price)– CB Ananthakrishnan
Headquarters– Bengaluru, Karnataka
Status quo– 1964
About  Safran Plane Engines:
CEO– Jean-Paul Alary
Headquarters– Paris, France

OBITUARY

Ex-Union Minister Babanrao Dhakne Handed AwayBabanrao Dhakne, Former Union Minister and senior flesh presser, kicked the bucket in Ahmednagar, Maharashtra on the date of 86. He was once born on 10 November 1937 in Akola, Ahmednagar in Maharashtra.

• He served because the Union Surrounding Minister within the Ministry of Power (1990 to 1991) underneath the primership of Chandra Shekhar (eighth High Minister of Republic of India – 1990 to 1991)

About Babanrao Dhakne:
Babanrao Dhakne served because the Member of Parliament(MP) as part of the ninth Lok Sabha. He represented Beed constituency of Maharashtra as a member of Janata Dal (JD).

• He was once the first particular person of Vanjari Family to turn out to be the member of the ninth Lok Sabha.

Political association:
i.He was once related to Indian Nationwide Congress (INC)  (Undivided) until 1969 and served as President of Janara Birthday party (JP), Maharashtra from 1978 to 1980.
ii.He additionally served because the Government Member of JP in 1979 and as Government Member of JD Maharashtra in 1989.
Occupation:
i.He served because the Chairman of Panchayat Samiti, Pathardi in Maharashtra from 1972 to 1975.
ii.He was once additionally a Surrounding and Cupboard Minister of Maharashtra from 1978 to 1980.
iii.He served because the Chief of the Opposition and Deputy Speaker within the Maharashtra Legislative Meeting from 1981-82 and 1988-89 respectively.

BOOKS & AUTHORS

PM Narendra Modi Releases 3 Books at Tulsi Peeth in Chitrakoot in Madhya Pradesh
High Minister Narendra Modi immune 3 books, together with ‘Ashtadhyayi Bhashya’, ‘Ramanandacharya Charitam’, and ‘Bhagwan Shri Krishna ki Rashtraleela‘, during his visit to Tulsi Peeth in Chitrakoot, Madhya Pradesh.

• The three books were written by Jagadguru Rambhadracharya of Tulsi Peeth.
• Tulsi Peeth is a religious and social service institution which was established by Jagadguru Rambhadracharya in 1987 and is one of the leading publishers of Hindu religious literature.
• Jagadguru Rambhadracharya awarded Padam Vibhushan in 2015 in the field of Literature and Education.

Note:
Astadhyayi is a Sanskrit Treatise on grammar written in 6th to 5th century B.C. by the Sanskrit grammarian Panini.

IMPORTANT DAYS

International Animation Day 2023- October 28 International Animation Day (IAD) is annually observed across the globe on 28 October to honour the birth of animation, recognised as the first public performance of projected moving images at Emile Reynaud’s Théâtre Optique in Paris (France), at the twenty eighth of October 1892.

• 28 October 2023 marks the observance of the twenty second World Animation Age.

IAD is every year coordinated and promoted via the Affiliation Internationale du Movie d’Animation (ASIFA) (World Animated Movie Affiliation).
Background:
i.In 2002, the Affiliation Internationale du Movie d’Animation (ASIFA) made up our minds to watch the twenty eighth of October each occasion as World Animation Age (IAD) to commemorate the delivery of Animation.
ii.The first IAD was once noticed on 28 October 2002.
About Affiliation Internationale du Movie d’Animation (ASIFA):
President – Deanna Morse
Based in– 1960
Headquarters– Annecy, France
>> Learn Complete Information

STATE NEWS

Karnataka launches ‘HAWK’ centralized flora and fauna crime control machineThe Karnataka Jungle Segment, at the side of Natural world Agree with of Republic of India(WTI) has introduced the Adverse Job Attend to Kernel (HAWK) machine, a specialized instrument platform to watch all facets of woodland and flora and fauna crime.

• The initiative is supported via NTT DATA, an Knowledge generation (IT) services and products supplier, underneath its Company Social Accountability(CSR) programme Wave Affairs

Background:
i.HAWK has been an reliable machine of the Kerala Jungle Segment because it was once introduced in 2019.
ii.In 2022, The implementation of a personalized model of HAWK started in Karnataka in collaboration with the Karnataka woodland section’s ICT (Knowledge and Conversation Generation) cellular.
About HAWK:
i.HAWK is a cloud-based knowledge Control Machine designed to govern interlinked databases of flora and fauna crime, flora and fauna criminals, and flora and fauna mortality.

• It is helping officers to analyse the tips and form actionable perception to forbid flora and fauna crimes.
• It acts as a device in catching poachers and smugglers slipping generation surrounding borders and boosts the woodland section’s prison arm via expediting the method to safeguard conviction.

ii.The machine connects all of the surrounding woodland section in real-time and the get right of entry to is specific via get right of entry to ranges.

• Frontline woodland body of workers will likely be skilled to importance the machine and a devoted helpdesk will help them within the integration procedure underneath the supervision of the Eminent Natural world Warden’s administrative center.

iii.The platform will likely be to be had on cellular by which woodland staff can observe the motion of suspects, cars, and are living responses and change perception with their opposite numbers within the neighbouring states.
Notice:
The Natural world Crime Keep an eye on Bureau(WCCB) underneath the Ministry of Order and Woodlands, is within the means of taking HAWK because the nationwide flora and fauna crime control machine.
About Karnataka:
Eminent Minister – Siddaramaiah
Governor – Thaawar Chand Gehlot
Tiger Secure – Biligiri Ranganathaswamy Temple (BRT) Tiger Secure, Bandipur Tiger Secure
Fairs – Hampi Pageant,Karaga Pageant

Indigenous ATMAS inaugurated at Biju Patnaik Airport, Odisha
The Indigenously constructed surrounding of the artwork Breeze Visitors Control Automation Machine (ATMAS) on the Biju Patnaik World Airport, in Bhubaneswar, Odisha.
The ATMAS was once collectively advanced via Airports Authority of Republic of India (AAI) and Republic of India Electronics Restricted (BEL).

• The MoU for the improvement of the indigenous ATMAS was once signed all the way through the Wings Republic of India 2022 in Hyderabad, Telangana in 2022.

The ATMAS was once collectively inaugurated via Sanjeev Kumar, Chairman of AAI and hanu Prakash Srivastava , Chairman and Managing Director(CMD) of BEL.

• The ATMAS will assistance to support the protection, potency, and capability of wind site visitors control in Republic of India.
• This may occasionally leave the AAI’s international dependency for procurement of Breeze Navigation Services and products(ANS) infrastructure and save foreign currency echange outlay.

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