Home » Current Affairs Date: 07 November 2022

Current Affairs Date: 07 November 2022

National

Chairman of DRDO

⇒ The Defence Research and Development Organisation (DRDO) appointed distinguished scientist, Dr Samir V Kamat, as chairman on 25 August 2022.

Kamat, who is Director General, Naval Systems & Materials (NS&M), will succeed G Satheesh Reddy, who has been named as scientific adviser to Defence Minister Rajnath Singh. Reddy was appointed as DRDO chief in August 2018.

    • The Appointments Committee of the Cabinet (ACC) has approved Kamat’s appointment from the date of his assumption of charge till he attains the age of 60 years.

» The defence organisation is the research and development wing of the Ministry of Defence.

About Kamat:
    • Kamat obtained B Tech (Hons) in Metallurgical Engineering from IIT-Kharagpur in 1985 and PhD in Materials Science and Engineering from Ohio State University in 1988.
    • He joined DRDO at DMRL, Hyderabad, in 1989. Kamat assumed charge as NS&M Director in 2017.

‘Globalise to Localise: Exporting at Scale and Deepening the Ecosystem are Vital to Higher Domestic Value Addition’ Report

⇒ Mr Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, launched a report titled as ‘Globalise to Localise: Exporting at Scale and Deepening the Ecosystem are Vital to Higher Domestic Value Addition’ on 29 August 2022.

    • The report explores how India can achieve electronics production target of US$300 billion and exports of US$120 by 2025-26.
Prepared by:

The report was prepared by India Council for Research on International Economic Relations (ICRIER), in collaboration with India Cellular and Electronics Association (ICEA).

Key Points:
    • The report, Globalise to Localise, examines the empirical relationship between exports and the share of domestic value addition in successful exporting nations. It finds that the two variables are negatively correlated in the short-run, but exhibit positive correlation in the medium-term.
    • “Our study finds that China and Vietnam have adopted the mantra of ‘first globalise, then localize’, which means in the initial years they were determined to achieve global scale in exports, and then shifted their emphasis to greater use of local contents,” said Dr Deepak Mishra, Director and CE of ICRIER and the lead author of the report.
    • The report, therefore, recommends a sequential approach that can put India’s exports in the same trajectory as China and Vietnam. The immediate goal should be to export at scale to global markets (globalise), and the subsequent objective should be to increase the share of local content (localise). The report suggests several steps and policies needed for deepening the broader electronics ecosystem within India. Additionally, policies such as Gati Shakti will also help increase India’s competitiveness.
About ICRIER:

ICRIER is an autonomous economic policy think tank, in operation since 1981. ICRIER’s goal is to help Indian policymakers make informed decisions, facilitated through its rigorous analytical research, objective policy advice and extensive networking events.

About ICEA:
    • ICEA is the apex industry body for the mobile and electronics industry comprising manufacturers, brand owners, technology providers, VAS application & solution providers, distributors, and retail chains of mobile handsets and electronics.
    • ICEA is committed to carrying forward its vision of building Indian manufacturing and design in verticals other than mobile handsets while consolidating the gains made in the mobile handset and components industry.

Innovation Challenge for the development of Machine Aided Translation System (IC-MATS)

⇒ Prof. Ajay Kumar Sood, the Principal Scientific Adviser (PSA) to the Govt of India launched the Innovation Challenge for the development of Machine Aided Translation System (IC-MATS) on 26th August 2022 at Vigyan Bhawan Annexe, New Delhi.

About Innovation Challenge:
    • The Innovation Challenge for the development of Machine Aided Translation System (IC-MATS) was launched under the Natural Language Translation Mission.
    • It is primarily divided into three stages: Stage-I (Ideation Stage), Stage-II (Prototype Stage), and Stage-III (Solution Building Stage).
    • The Challenge is targeted at involving industries and start-ups to develop machine-aided translation systems using open-source translation platforms and text corpus available in the public domain, including those available on the language technology platform, Bhashini built by MeitY.
About Natural Language Translation Mission:
    • In March 2019, the Office of PSA announced nine National S&T Missions on the recommendations of the Prime Minister’s Science, Technology, and Innovation Advisory Council.
    • One of the missions, the ‘Natural Language Translation Mission’ intends to make science and technology accessible to all citizens in their mother tongue.
    • Using a combination of machine and human translation, the mission is aimed at enabling access to teaching and research material bilingually – in English and one’s native Indian language.

International

India’s Executive Director at the International Monetary Fund

⇒ Former Chief Economic Advisor Krishnamurthy Subramanian has been appointed as India’s Executive Director at the International Monetary Fund (IMF).

    • The Appointments Committee of the Cabinet has approved the appointment of Subramanian to the post of Executive Director (India) at the IMF, with effect from November 1, 2022 for a period of three years or until further orders.
    • He was appointed by curtailing the tenure of incumbent ED (India) Surjit S Bhalla at the IMF up to October 31, 2022.
About Subramanian:

» Subramanian, currently Professor (finance) at the Indian School of Business, was the youngest CEA in the finance ministry between 2018 and 2021.

    • As the Chief Economic Advisor to the Government of India, he formulated crucial policies that helped India emerge from the once-in-a-century Covid crisis.
About IMF:
    • IMF, and United Nations agency, is an international organization that promotes global economic growth and financial stability, encourages international trade, and works in reducing poverty.
    • The Executive Board of the International Monetary Fund (IMF) is composed of 24 Directors called Executive Directors who are elected by member countries or group of nations.
    • Seventeen EDs represent multi-country constituencies and India is in a 4-country constituency comprising India, Bangladesh, Sri Lanka and Bhutan as members.

Sports

Diamond League 2022

⇒ Olympic gold medallist javelin thrower Neeraj Chopra became the first Indian to win the prestigious Diamond League Final 2022 title in Zurich on 08 September 2022.

Chopra began with a foul but jumped to the top spot with a throw of 88.44m — his fourth career best — in his second attempt, and that turned out to be his winning effort. He had 88.00m, 86.11m, 87.00m and 83.60m in his next four throws.

    • Chopra was also awarded a Diamond Trophy, USD 30,000 prize money and a wild card for the 2023 World Athletics Championships in Budapest, Hungary.
Key Points:
    • It was Chopra’s third appearance in the Diamond League Finals. He had finished seventh and fourth respectively in 2017 and 2018.
    • He had become the first Indian to clinch a Diamond League meet title in Lausanne with his third career-best throw of 89.08m.
Runner-up:

» Olympic silver medallist Jakub Vadlejch of Czech Republic finished second with a best throw of 86.94m which he registered in his fourth attempt.

» Julian Weber of Germany was third with a best of 83.73m.

Source: PIB & Other News Reports

Also Read:

English English Hindi Hindi