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Global trade forecast to expand at fastest rate in 11 years

Trade

Following an improvement to forecasts from the World Trade Organization, global trade is expected to rise at its quickest rate in 11 years in 2021.
The World Trade Organization anticipates that trade would grow by 10.8% in 2021, compared to the previous year, when the pandemic brought economies around the world to a halt. This is a significant increase over prior WTO projections of 8% growth, and it would be the largest increase in global trade since 2010.

As the economy returns to pre-pandemic levels, trade growth is predicted to slow to 4.7 percent in 2022. However, the World Trade Organization has cautioned that semiconductor shortages and port backlogs may put a strain on some countries.

Russia test-fires new hypersonic missile from submarine

Russia

The military announced Monday that a potential Russian hypersonic missile was successfully test-fired for the first time from a nuclear submarine.
The Zircon missile was launched from the Severodvinsk submarine and hit a chosen dummy target in the Barents Sea, according to the Russian Defense Ministry.
Zircon, according to Russian President Vladimir Putin, will be able to travel at nine times the speed of sound and have a range of 1,000 kilometres (620 miles). Putin has stated that its deployment will greatly enhance Russia’s military strength.

India, Sri Lanka begin 12-day military exercise

Army

Bilateral exercise of India and Sri lanka

The eighth edition of the ‘Mitra Shakti’ bilateral joint exercise between the Indian Army and the Sri Lankan Army began on Monday at the Combat Training School in Ampara, Sri Lanka. The exercise was last organised in 2019 at the Foreign Training Node (FTN) stationed at Aundh military station in Pune.
The exercise intends to improve interoperability and share best practises in counter-insurgency and counter-terrorism operations by promoting close cooperation between the militaries of both countries.

In Q1 FY2022, infrastructure funding by banks, NBFCs, and IFCs remained slow, according to a study.

Indian Economy

Due to the interruptions created by the second wave of the COVID-19 pandemic, total infrastructure lending by banks and NBFC-Infrastructure Finance Companies (NBFC-IFCs) remained slow in the first quarter of the current fiscal.
It said that total infrastructure credit by banks and NBFC-IFCs was estimated at Rs 24.7 lakh crore as of March 31, 2021, representing a sluggish growth of 10%, and that it had remained stable as of June 30, 2021, despite the disruption caused by the second wave of the pandemic.

The Metaverse Is Heating Up: How Axie Infinity’s $30B Valuation Triggered a Crypto Game Frenzy

Business

Axie Infinity, the most popular crypto-based game and blockchain-based metaverse project, has been valued at $30 billion. Its native token, AXS, surpassed $110 this weekend and is now worth $29.5 billion.

The rise of guilds is the primary reason why Axie Infinity user activity continues to rise despite the increase in the price of AXS and Axie NFTs.

Guilds such as YGG, Avocado Guild, and GuildFi essentially allow users to borrow Axie NFTs to play Axie Infinity in exchange for a revenue share.

On 9th anniversary of Curiosity rover on Mars NASA shares stunning image

Space

Curiosity rover in Mars (Mars rover) on crater

Curiosity rover touched down the Gale Crater on August 5, 2012

The rover has travelled a total of 16.3 mi (26.3 km)

New Delhi: The National Aeronautics and Space Administration’s (NASA) Perseverance Mars Rover has been in the headlines lately but it is not the only ‘rover’ on the red planet.

The US space agency has another Mars rover named ‘Curiosity’ that recentlycelebrated its ninth landing anniversary on the red planet. To mark the occasion of nine years of Mars exploration NASA posted a new panorama image from the Curiosity rover.

The Curiosity rover touched down the Gale Crater on August 5, 2012. Curiosity’s mission began on the surface of the crater but it has spent most of the last nine years climbing higher on the crater’s central peak, known as Mount Sharp..

What ISRO’s latest MoU with startups mean for India’s space industry

Space

ISRO’s signing of MOU with Indian private rocket startups gives the country’s private industry to perform space various activities. Thus, ISRO would enable startups to use their own facilities besides offering mentoring support to help fledgling firms.

Chennai: India’s Department of Space, under which the state-run Indian Space Research Organization (ISRO) operates – signed a slew of Memoranda of Understanding in recent weeks with Indian private rocket startups. This move sets into motion India’s space sector reforms that were announced in 2020 by Chairman ISRO, Dr K Sivan.

Just look for these USB-C power rating logos to ease your shopping headaches.

Technology

Certified USB type-c packaging and cable logos with data and power supply specifications

New USB-C logos make picking USB cables, chargers less confusing

UPI recorded 3.65 billion transactions worth Rs 6.54 trillion

India

UPI and other online transaction payment logos

In September, UPI recorded 3.65 billion transactions worth Rs 6.54 trillion, an all-time high in both volume and value terms.

Transactions may further increase in October and November as festive seasons arrive

A new therapy reduced autism diagnoses

Medicine

specially able-bodied person(Autism child)

The therapy, called iBASIS-VIPP, was based on the Video Interaction for Positive Parenting (VIPP) program. This program was adapted by our colleagues in the United Kingdom to specifically support social communication development.

The therapy is parent-led, which means parents and caregivers, who are the most prominent and important people in their babies’ lives, are trained to deliver it.

iBASIS-VIPP uses video-feedback to help parents recognise their baby’s communication cues so they can respond in a way that builds their social communication development.

India’s vaccine coverage crosses 90cr landmark

India

India reached a critical milestone in its Covid immunisation campaign on Saturday evening, when 90.4 crore doses were administered. More than 72 lakh doses were given out until 9:30 p.m. on Saturday, with Bihar leading the way with 26.4 lakh doses given out in a single day. With 7.5 lakh doses administered, Maharashtra trailed Bihar as the state with the most persons immunised. In September, India’s average daily immunizations rose to slightly over 79 lakh doses/day (up from 59.2 lakh doses/day in August), while more than one crore doses were provided on four consecutive days, including 2.5 crore on September 17. Last week, though, the daily average fell somewhat.