current affairs 08 November 2022

India has cheapest manufacturing cost globally: Report.

• According to recent data, published by US News and World Report, India has bagged the 31st position, out of 85 nations in the overall Best Countries ranking.
• In the overall Best Countries ranking, Switzerland has topped the chart, followed by Germany, Canada, US and Sweden.
• India has been ranked as the nation with the cheapest manufacturing cost ahead of China and Vietnam.
• India is also featured at the 37th spot in the Open for Business category.

11th Joint Military Training-2022 organises at Kalaikunda.

• The 11th edition of the annual Joint Military Training (JMT) between the Indian Air Force (lAF) and the Republic of Singapore Air Force (RSAF) will be held at Air Force Station, Kalaikunda, West Bengal.
• The six weeks long military training will be conducted from 09 to 18 November 2022.
• The RSAF will participate the JMT-2022 with F-16 aircraft.
• While, the Indian Air Force would showcase Su-30 MKI, Jaguar, MiG-29 and LCA Tejas aircraft.

Ministry of Tourism participates in World Travel Market 2022 in London.

• Ministry of Tourism has participated in World Travel Market (WTM) 2022 that is being organised in London, UK from 7-9 November 2022.
• Theme 2022: The Future of Travel Starts Now.
• With this participation, India can showcase the diverse tourism products and services including Medical Value travel, luxury trains and the gamut of tourism products to the international business community.
• The Indian delegation is being led by Arvind Singh (secretary, tourism ministry).

Government to create National Drugs Database.

• The ministry of health and family welfare will constitute 7 members committee to prepare the national drugs database.
• Aim: To recommend and prepare a comprehensive database of drug formulations manufactured and marketed in the country.
• The committee will also provide detailed information on a drug, its dosage form, strength, and details of the manufacturer, marketer, or importer of the drug.
• AK Pradhan, joint drugs controller of India, will be the convener of the panel.

ADB provide USD 350 million loan to Maharashtra for road connectivity.

• The Asian Development Bank (ADB) has approved a USD 350 million (about Rs 2,900 crore) loan to Maharashtra.
• Reason: To improve the road connectivity of key economic areas in state.
• The Connecting Economic Clusters for Inclusive Growth will develop the road network in the Ahmednagar, Hingoli, Jalna, Kohalpur, Nagpur, Nanded, Nashik, Pune, Sangli and Satara districts.
• It will build on the Maharashtra State Road Improvement Project approved by ADB in April 2020.