Current Affairs 18 October 2022

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Current Affairs 18 October 2022 includes all newspapers such as The Hindu, The Economic Times, Business Standard, Times of India, PTI, Indian Express, and all Government official websites.

 News Headlines 

1. PM Modi releases 12th installment of Rs 16,000 crore to eligible farmers under PM-Kisan Samman Nidhi
2. CAQM reiterates to Central/State Govts to strictly implement actions under GRAP in view of air quality index
3. India stands third in the world in terms of fish production: MoS Dr. L Murugan
4. India’s forex reserves rise USD 204 million to USD 532.868 billion
5. Army signs MoU with 11 banks for Agniveer salary accounts
6. Centre approves India’s 1st cable-cum-suspension bridge across Krishna river
7. Coal India inks MoU with Rajasthan govt to set up 1,190 MW solar power plant
8. RATS SCO decides to counter threats from international terror groups operating from Afghanistan
9. NATO to kick off nuclear drills involving B-52 bombers
10. Iraqi parliament elects Abdul Latif Rashid as new president
11. Andhra Pradesh: Mondelez India plant in Sri City bags WEF award

 News Details 

1. PM Modi releases 12th installment of Rs 16,000 crore to eligible farmers under PM-Kisan Samman Nidhi

• Prime Minister Narendra Modi released the 12th installment amount of 16 thousand crore rupees to farmers under the Pradhan Mantri Kisan Samman Nidhi through Direct Benefit Transfer at two day event PM Kisan Samman Sammelan 2022 in New Delhi.
• Mr Modi also launched Pradhan Mantri Bhartiya Jan Urvarak Pariyojana – One Nation One Fertilizer.
• More information:
  • Under PM-KISAN, eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal instalments of Rs 2,000 each every four months.
• About PM-Kisan Samman Nidhi (PM-KISAN):
  • It was launched in February 2019 but is being implemented with effect from December 2018.

2. CAQM reiterates to Central/State Govts to strictly implement actions under GRAP in view of air quality index

• Commission for Air Quality Management in National Capital Region (NCR) Delhi and Adjoining Areas (CAQM) has reiterated to all implementing agencies of the Central and State Governments to strictly implement actions under Stage I of the Graded Response Action Plan (GRAP) in view of the air quality index.
• GRAP is a set of emergency measures taken to reduce air pollution.

3. India stands third in the world in terms of fish production: MoS Dr. L Murugan

• Union Minister of State for Fisheries, Animal Husbandry and Dairying Dr. L Murugan said, India stands third in the world in terms of fish production.
• He has also said that the ministry has taken several steps to improve fish production, export and infrastructure development in the last eight years like the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
• India is the 2nd largest aquaculture nation.
• More information:
  • The largest aquaculture nation is China.
  • It generates 58.8 million metric tons of fish annually.
  • In actuality, this nation has remained unchallenged in maintaining its status as the world leader in fish production for the previous few years.
  • The 3rd largest country is Indonesia.

4. India’s forex reserves rise USD 204 million to USD 532.868 billion

• India’s forex reserves rose by 204 million to 532.868 billion US dollar for the week ended October 7, 2022 on an increase in the value of gold holdings.
• The Reserve Bank said that in the previous reporting week, the overall reserves had dropped by 4.854 billion to 532.664 billion US dollars.
• What is ‘forex reserves’?
  • Forex reserves or Foreign Exchange reserves are assets such as foreign currencies, gold reserves, treasury bills etc retained by a central bank (for India it is RBI) or other monetary authority that checks the balance payments and controls the foreign exchange rate of its currency and maintains stability in financial markets.

5. Army signs MoU with 11 banks for Agniveer salary accounts

• The Army has signed a Memorandum of Understanding with eleven banks for providing banking facilities to Agniveers after they don the uniform.
• The banks have offered soft loans to exiting Agniveers to promote and enhance their entrepreneurial skills.
• The Agniveers will have a four-year contractual job.
• The new human resource policy is applicable to Army, Air Force, and Navy.
• What is Agnipath Scheme:
  • The scheme was announced on 14 June 2022, provides for recruitment of youths between ages 17-and-half years and 21 years for four years with a provision to retain 25% of them for 15 more years.
  • The selected candidate under this scheme known as agniveer.

6. Centre approves India’s 1st cable-cum-suspension bridge across Krishna river

• The central government approved construction of an iconic cable stayed-cum-suspension bridge across Krishna river connecting Telangana and Andhra Pradesh and passing through the Nallamala forest range.
• The two-storeyed cable bridge with four-lane carriageway across Krishna river was approved by the standing committee on finance.
• More information:
  • Once completed, the bridge across the Krishna river would be the second of its kind in the world and first in India.
• Major places on banks of River Krishna:
  •  
  • Nagarjuna Sagar.
  •  
  •  

7. Coal India inks MoU with Rajasthan govt to set up 1,190 MW solar power plant

• The Coal India Limited (CIL) signed a Memorandum of Understanding (MoU) with Rajasthan Vidyut Utpadan Nigam limited (RVUNL) for setting up a 1190 MW solar power plant in Bikaner district of Rajasthan.
• The plant will be installed in a 2000 MW solar park being developed by RVUNL in Poogal area of Bikaner.
• More information:
  • Union minister of coal, Prahlad Joshi.
• About Rajasthan:
  • Governor: Kalraj Mishra.
  • Capital: Jaipur.
  • Chief minister: Ashok Gehlot.

8. RATS SCO decides to counter threats from international terror groups operating from Afghanistan

• Thirty eight meeting of the Council of the Regional Anti Terrorist Structure of the Shanghai Cooperation Organisation (RATS SCO) was held in New Delhi.
• RATS SCO decides to counter threats from international terror groups operating from Afghanistan.
• About Afghanistan:
  • Capital: Kabul.
  • Currency: Afghani.

9. NATO to kick off nuclear drills involving B-52 bombers

• NATO would launch its annual nuclear exercise “Steadfast Noon” on Monday, with up to 60 aircraft taking part in training flights over Belgium, the North Sea and Britain to practise the use of U.S. nuclear bombs based in Europe.
• Belgium is hosting the drills that will involve 14 countries and up to 60 aircraft, including the most advanced fighter jets on the market and U.S.
• About NATO:
  • Full form: North Atlantic Treaty Organization.
  • Secretary General: Jens Stoltenberg.
  • Headquarters: Brussels, Belgium.

10. Iraqi parliament elects Abdul Latif Rashid as new president

• Kurdish politician Abdul Latif Rashid was elected as president by Iraq’s Parliament, according to two lawmakers, paving the way for the formation of a new government and ending a year of deadlock.
• Rashid, 78, is a British-educated engineer and was the Iraqi minister of water resources from 2003-2010.
• About Iraq:
  • Prime minister: Mustafa Al-Kadhimi.
  • Capital: Baghdad.
  • Currency: Iraqi dinar.

11. Andhra Pradesh: Mondelez India plant in Sri City bags WEF award

• Mondelez India’s factory in the Sri City in Tirupati district has bagged the World Economic Forum’s fourth Advanced Industrial Revolution (4IR) ‘Digital Lighthouse award’.
• Founded in 2016, the factory is among the first FMCG plants in India to receive an award for ‘digital excellence’ driven by advanced technologies and sustainable practices.
• About Andhra Pradesh:
  • Capital: Amaravati.
  • Governor: Biswabhusan Harichandan.
  • Chief minister: YS Jagan Mohan Reddy.

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So, these are all the current affairs 18 October (today). If you want to explore the full list (all CA), including current affairs 18 October, please click on the link (Current Affairs).