current affairs 07 November 2022

Russia becomes India's top oil supplier in October.

As per the data, Vortexa (Energy Cargo Tracker), Russia has surpassed Saudi Arabia and Iraq, to become the top oil supplier of India in October 2022.
Russia, which imported 0.2% of all oil by India in March 2022, has supplied 9,35,556 barrels per day of crude oil to India in October (highest ever).
It now makes up for 22% of India's total crude imports, ahead of Iraq (20.5%) and Saudi Arabia (16%).
In June 2022, Iraq was top oil supplier, while Russia was at second.

According to 2022 Global Gender Wealth Equity report, published by WTW, on average women are expected to reach retirement with just 74% of the wealth that are accumulated by men.
Asia Pacific has one of the lower global wealth gaps on average for gender wealth equity.
The gender wealth gap is the largest in India at 64%.
Only 3% of women in the workforce occupying senior positions.
Women are expected to accumulate just over three-quarters (76%) of men’s wealth levels.

The Ministry of Defence has announced that the Indian Army has registered ‘Intellectual Property Rights (IPR)’ of the new design and camouflage pattern uniform.
The process for registration of Improved Combat Uniform was completed by the Controller General of Patents, Designs and Trademark, Kolkata.
With the IPR, the rights of design and camouflage pattern rests solely with the Indian Army.
Unauthorised manufacturer will be liable to face legal repercussions.

Indian Army has approved project sanction orders of five Make II projects.
Aim: To provide an impetus to India's vision for self-reliance.
Projects: High-Frequency Man Packed Software Designed Radio, Drone Kill System, Infantry Training Weapon Simulator, 155mm Terminally Guided Munitions and Medium Range Precision Kill System.
These are industry-funded projects, that involves design, development and innovative solutions by Indian vendors for development of prototypes.

Vadodara has become the second Indian city to issue a municipal bond with assistance from the US Treasury Department’s Office of Technical Assistance.
Aim: To provide funds for infrastructure projects in Vadodara.
The officials from US Embassy and US Treasury joined counterparts from Ministry of Housing, city of Vadodara, and SEBI.
Pune was the first city to issue municipal bond in 2017.
The bond was oversubscribed by 10 times and was priced at a low yield of just 7.15%.