Daily Current Affairs 21st October, 2022

Daily Current Affairs 21 October 2022 for Banking/Insurance/SSC and other related exams.

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NATIONAL NEWS

22nd World Blockchain Summit held in Dubai
The 22nd global edition of the World Blockchain Summit was held in Dubai’s Atlantis from October 17 to 19. The Summit is an attempt to bring experts including government and investors together to initiate conversation and action on blockchain. The next Summit will be held in Bangkok from December 8 to 9, 2022.

  • World Blockchain Summit is a global series of gatherings that take place in 19+ destinations across the world.
  • The initiative aims to bring together the most important stakeholders from the Blockchain and Cryptocurrency ecosystem such as investors, blockchain and crypto projects, exchanges, enterprises, government representatives, technology leaders among others.


INTERNATIONAL NEWS

‘SARANG – The Festival of India in Republic of Korea’
Indian Embassy in Seoul, South Korea organized its much sought-after annual flagship cultural program ‘SARANG’

  • The Festival of India in Republic of Korea’ which enthralled the South Korean art and music lovers with a fusion of Indian and Korean dance and music in a grand spectacle running over two weeks.
  • After a two-year COVID hiatus, South Korean audiences enjoyed captivating performances by Indian and Korean musicians, dancers and artists at the 8th edition of the festival which was held from 30 Sept. – 14 Oct.

Internet Freedom in India improves after 4 years of decline
India’s internet freedom score improved by two points to 51 in the global ranking following efforts to bridge the digital divide in the country, the US government-funded NGO Freedom House said.

  • The improvement in the score is also based on reduced frequency and intensity of internet shutdowns in the country.
  • According to report, legal challenges to laws enabling the government to censor online content, including against the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, have seen limits imposed on some powers.
  • The US government-funded NGO found that global internet freedom declined for the 12th consecutive year with sharpest downgrades were documented in Russia, Myanmar, Sudan, and Libya.
  • The report claimed that China was the world’s worst environment for internet freedom for the eighth consecutive year and internet freedom in the United States improved marginally for the first time in six years.

Pakistan out of FATF’s grey list after 4 years 
Ending the speculations, Financial Action Task Force (FATF) on 21 October excluded Pakistan from the grey list of the global watchdog on terror financing and money laundering after four years.

  • Pakistan was put in the inglorious list in 2018 for its failure to check risk of money laundering, leading to corruption and terror financing.
  • With Pakistan’s continuation on the grey list, it had increasingly become difficult for Islamabad to get financial aid from the IMF, the World Bank, the Asian Development Bank (ADB) and the European Union, thus further enhancing problems for the cash-strapped country.


SPORTS

Bernard Dunne is Indian boxing’s new high performance director
Former Irish professional boxer Bernard Dunne has been named the high performance director (HPD) for Indian boxing. Dunne, who had a five-year (2017-2022) stint with the Irish Athletic Boxing Association, replaces Santiago Nieva.

  • During Dunne’s tenure with the Ireland team, Kellie Harrington emerged World (2018, Delhi) and Olympic (2021, Tokyo) champion, while Amy Broadhurst and Lisa O’Rourke won golds at this year’s World championships in Istanbul and Aidan Walsh secured a bronze at the Tokyo Olympics.

Qatar to host AFC Asian Cup 2023
Qatar has been announced as host of the 2023 Asian Football Confederation (AFC) Asian Cup tournament, replacing China, which withdrew due to the coronavirus situation in the country.

  • South Korea and Indonesia were also bidding for the men’s tournament.
  • The decision was announced by the AFC following an Executive Committee meeting, with AFC President Shaikh Salman bin Ebrahim Al Khalifa praising the country’s successful bid.


APPOINTMENTS

Kaustubh Kulkarni elevated as JP Morgan India head
Wall Street investment bank JP Morgan has announced a slew of appointments, including a new country head for India, elevating Kaustubh Kulkarni to succeed the incumbent Madhav Kalyan, who is moving to a larger role within the group.

  • The bank said Kalyan, who is the current country head for India, will be heading the Asia Pacific payments division effective November 1, succeeding Sridhar Kanthadai who will be moving into a new role as co-head of global payment rails and payment VAS.


AWARDS

Dr Prashant Garg elected as member of Academia Ophthalmological Internationalis
Dr Prashant Garg, Executive-Chair, L V Prasad Eye Institute (LVPEI) , has been elected as a ‘member’ of the Academia Ophthalmological Internationalis (AOI). It is a university-centred international organisation committed to excellence in education, research and culturally appropriate medical services to preserve and restore the vision of people of the world. Dr Garg becomes the fifth from India to receive this honour.

  • AOI membership is limited to 100 active members, and they represent the most eminent academicians in ophthalmology in the world, each holding a chair of this prestigious body.
  • An ophthalmologist who has been engaged in the study, research or practice ophthalmology for at least 15 years and who has published not less than 100 scientific papers, reports, or books is eligible to be nominated for membership of AOI. The members are formally nominated and elected by the existing members of AOI based on merit.


ENVIRONMENT

Serbian scientists name beetle after country’s tennis star Novak Djokovic
Serbian scientists have named a new species of beetle after the tennis player Novak Djokovic, Serbian media has reported.

  • The insect, which belongs to the Duvalius genus of ground beetles that are present in Europe, was discovered several years ago in an underground pit in western Serbia.
  • It is named Duvalius djokovici, researcher Nikola Vesović as saying, due to its speed, strength, flexibility, durability and ability to survive in a difficult environment.


BOOKS & AUTHORS

IRS officer Sahil Seth launches his book ‘A confused mind story’
Sahil Seth, IRS Joint Commissioner GST, Custom & Narcotics and youth influencer launched his book titled ‘A confused Mind story’. The book is based on the contrast between the spiritual and material world. The book is published by Blue Rose publication house.

  • The book depicts the answers behind the confusion of the common man in day-to-day life and explains the rationale behind the meaning of life and belief system.


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