News For 24th-Oct (Monday)
*National News*
1.India and France have been re-elected as President and co-president of ISA. In the 5th meet they released *Solar credit facility*. This is crowdsourcing instrument to realise the goal of Clean energy and decrease dependence on Coal and fossil fuels. This will also create and boost demand for solar cells in the market, boosting emerging manufacturing sector in India.
2.Japan is going to Export India UNICORN NORA -50 antenna, a stealth technology device, which helps destroyers to do covert operations. This is need of time when China is constantly intruding in India's maritime borders.
*Economy News*
3.The IMF has forecasted global growth to slow from 6.0% in 2021 to 3.2% in 2022 and 2.7% in 2023. This is the weakest growth since 2001, except in pandemic years. Also IMF report has revealed that Indian economy is doing better than expected and is likely to remain immune to world recession.
*International News*
4.UK PM Liz truss has resigned after 6 weeks of being elected as PM of Britain, because of ineffective policies implemented by her govt to take out UK from ongoing economic turmoil.
5. The Financial Action Task Force (FATF), a global watchdog on terror financing and money laundering, has decided to free Pakistan from its “Grey List”. This will help Pakistan to get loans in times when it is suffering from high inflation, political turmoil, flood and hunger.
6.22nd Shanghai Cooperation Organization has concluded in Samarkand, Uzbekistan. Iran became new member of SCO in this meet. This will change the power dynamics of Middle East and increase China's influence.
*Defence News*
7.IAF has started the construction of new strategic airbase at Deesa, Banaskantha in Gujrat. This will enhance the security of western frontier. This is the 6th base in Gujrat covering an area of 4519 acres. This will add more security to the porus western borders of India. This will also enhance India's spontaneous Air response.
*Sports News*
8. 8th edition of ICC men's T20 world cup has commenced on 22 Oct in Australia. India defeated Pakistan by 4 wickets in their opening match.
9. Indian women's cricket team has clinched their 7th Asia cup trophy defeating Sri Lanka by 8 wickets. Deepti Sharma was named player of the tournament with a tally of 13 wickets in 8 matches.
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