ISRO’s cryogenic engine, indigenously developed for LVM3, passes hot test

• The Indian Space Research Organisation (ISRO) has successfully conducted the hot test of CE20 cryogenic engine, which has been indigenously developed for LVM3, previously called the GSLV-Mk3.
• According to the space agency, CE20 cryogenic engine is indigenously developed for LVM3.
• It was subjected to a successful hot test at an uprated thrust level of 21.8 tonne for the first time on November 9, at Mahendragiri in Tamil Nadu.
• This will enhance the LVM3 payload capability up to 450 kg with additional propellant loading.
• The major modifications carried out on this test article compared to previous engines was introduction of Thrust Control Valve (TCV) for thrust control.
• During this test, the engine operated with ~20t thrust level for first 40s, then thrust level was increased to 21.8t by moving thrust control valve.
• During the test, engine and facility performance was normal and required parameters were achieved, according to ISRO.
• The LVM3 is the heaviest launch vehicle of ISRO.
• Last month, the LVM3 launch vehicle placed 36 satellites of OneWeb; this was LVM’s first commercial launch.
• Following the launch, ISRO said that the LVM3 has become a catalyst for the Indian Space Programme, opening new vistas for heavy payloads to the Low Earth Orbit.
• Early next year ISRO is expected to launch LVM’s second commercial launch.

Qatar unveils cabins for World Cup fans near its airports

• 6,000The number of cabins created by Qatar near its airports which can house up to 12,000 guests who are expected to come to the country for the football World Cup.
• In the leadup to the tournament, concerns about hotel room space have trailed Qatar. Qatar has estimated it will have 1,30,000 rooms per day for the tournament

In maiden visit to Odisha as President, Murmu walks two km to Puri temple

Droupadi Murmu began her maiden visit as President to Odisha with a twokm walk to the 12th century Shree Jagannath Temple in Puri on Thursday.

About Jagannath Temple

• The temple is believed to be constructed in the12^th century by King Anatavarman Chodaganga Deva of the Eastern Ganga Dynasty.
• Jagannath Puri temple iscalled ‘Yamanika Tirtha’ where, according to the Hindu beliefs, the power of ‘Yama’, the god of death has been nullified in Puri due to the presence of Lord Jagannath.
• This temple was called the“White Pagoda” and is a part of Char Dham pilgrimages (Badrinath, Dwaraka, Puri, Rameswaram).
• There arefour gates to the temple- Eastern ‘Singhdwara’ which is the main gate with two crouching lions, Southern ‘Ashwadwara’, Western ‘Vyaghra Dwara and Northern ‘Hastidwara’. There is a carving of each form at each gate.
• In front of the entrance stands the Aruna stambha or sun pillar, which was originally at the Sun Temple in Konark.

Russia’s President Putin won’t go to upcoming G20 summit in Bali

• Russian President Vladimir Putin will not attend a gathering of leaders from the Group of 20 (G20) nations in person next week in Indonesia but may join virtually, officials said on Thursday.
• Russian Foreign Minister Sergei Lavrov will represent Mr. Putin on the ground at the meeting on the island of Bali.

PM to leave for Bali G20 summit on Monday

Prime Minister Narendra Modi will visit Bali for the G20 leadership summit from November 14 to

16.

About G20

• The G20 was formed in 1999 in the backdrop of the financial crisis of the late 1990sthat hit East Asia and Southeast Asia in particular.
• It aims to secure global financial stability by involving middle-income countries.
• Together, the G20 countries include 60 % of the world’s population, 80 % of global GDP, and 75 % of global trade.

Members:

• • Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the EU.
    • Spainis invited as a permanent guest.

Presidency:

• • The presidency of the G20 rotates every year among members, and the country holding the presidency, together with the previous and next presidency-holder, forms the ‘Troika’ to ensure continuity of the G20 agenda.
    • Italy, Indonesia, and India are the Troika countries right now and Indonesia holds the current Presidency.

Mandate:

• • The G20 has no permanent secretariat. The agenda and work are coordinated by representatives of the G20 countries, known as ‘Sherpas’, who work together with the finance ministers and governors of the central banks.
  • The primary mandate of the grouping is for International Economic cooperation with particular emphasis to prevent future financial crises across the world.
  • It plays a significant role in shaping the global economic agenda.
  • From 1999-2008 the forum exalted from a grouping of Central bank governors and finance ministers to Heads of states.

Current account deficit may be lower at 3% this fiscal

• State Bank of India has pencilled in lower current account deficit at 3% for this fiscal as against the minimum consensus of 3.5%, citing rising software exports, remittances and a likely $5-billion jump in forex reserves via swap deals.
• Every $10 increase in crude prices impacts the Current Account Deficit (CAD) to the tune of 40 basis points while the same on fuel inflation is 50 bps and also results in 23 bps decline in growth, according to Soumyakanti Ghosh, Group Chief Economic Adviser at SBI.

About Current Account Deficit

• The current account measures the flow of goods, services and investments into and out of the country.
• The country runs into a deficit if the value of goods and services we import exceeds the value of those we export.
• The current account includes net income, including interest and dividends, and transfers, like foreign aid.
• A country with rising CAD shows that it has become uncompetitive, and investors may not be willing to invest there. In India, the Current Account Deficit could be reduced by boosting exports and curbing non-essential imports such as gold, mobiles, and electronics
• A nation’s current account maintains a record of the country’s transactions with other nations, it comprises of following components:

• • • Trade of goods,
    • Services, and
    • Net earnings on overseas investments and net transfer of payments over a period of time, such as remittances

The formula to calculate CAD is

• Current Account= Trade gap + Net current transfers + Net income abroad
  (Trade gap = Exports – Imports)

TELEMEDICON 2022’ going to be held in Kerela.

PM Gati Shakti Multimodal Waterways Summit to be held in Varanasi.

42nd International Congress of the INCA being held in Dehradun.

Aruna Miller  is the first Indian American Lieutenant Governor in Maryland, United States.

Piyush Goyal and Gina Raimondo chaired India-US CEO Forum

SJVN Ltd. build and operate 83MW floating solar project in Madhya Pradesh

India will hold Women’s World Boxing Championship in 2023

Mumbai team has won the 2022 edition of the Syed Mushtaq Ali trophy

Uttar Pradesh will host Khelo India National University Games in 2023-24

Virat Kohli became the 1st batsman to score 4000 runs in T20I

Source : THE HINDU