Current affairs 09 November 2023

India ranks 2nd in employee well-being, Japan lowest.

• A recent global survey has ranked Turkey at the top and India at second spot while keeping Japan at lowest for employees.
• The survey was conducted by McKinsey Health Institute, and it assessed employees’ physical, mental, social and spiritual health before arriving at the conclusions.
• Turkey scored highest at 78%, followed by India at 76% and China at 75 %, way higher than the global average of 57 per cent.
• Japan scored a mere 25 per cent in the poll.

Mundra Becomes India’s 1st Port To Handle 16.1 Million Tonnes Of Cargo.

• Mundra Port, the flagship of APSEZ, has set another record by handling 16.1 MMT of cargo in October, the highest-ever volume by any port in India.
• It is the largest port in the country with 102 MMT of cargo handled on year to date (YTD) basis, a good 9% Y-o-Y growth.
• The port crossed the 100 MMT mark in 210 days, surpassing the record of 231 days last year.
• Mundra witnessed double-digit growth on a Y-o-Y basis for containers (+10%) and liquids and gas (+14%).

IIT Madras Sets Its 1st International Campus On ZanzibarIsland InTanzania.

• The Indian Institute of Technology Madras became the first Indian Institute of Technology to set up an international campus, by launching a campus in Tanzania.
• India and the East African nation had recently signed a memorandum of understanding (MoU).
• Aim: To take the top-quality education system of India to international arenas.
• The Zanzibar Campus, IIT Madras, will be on Zanzibar Island, off the East African mainland and part of the Tanzanian republic.

Adani Green crosses 8.4 GW mark, becomes India's largest RE company.

• Adani Green Energy Ltd (AGEL) has become India's largest green energy company as it reached the 8.4 gigawatt (GW) installed capacity mark.
• Company executives told this paper that AGEL commissioned a 0.15 GW solar power park in Rajasthan, which helped it surpass the 5 GW capacity for solar and 8.4 GW overall.
• Among its peers, ReNew is closest with 8.3 GW, followed by Tata Power and Greenko Energies with close to 4 GW capacity each.

HSBC India Launches E-Bank Guarantees to Modernize Trade Finance.

• HSBC India, has introduced Electronic Bank Guarantee (E-BG) services to facilitate digitization of trade finance.
• Aim: To simplify and expedite the guarantee issuance process by introducing electronic stamping and electronic signing , effectively eliminating the need for paper documentation.
• HSBC is the first foreign bank in the country to offer this facility which is made possible through a collaboration with National E-Governance Services Ltd.