International Workshop on Modern Technologies for Urban Land Records Survey and Resurvey Organized in New Delhi.

On 21st October 2024, Union Minister Shivraj Singh Chouhan, Ministry of Rural Development (MoRD), virtually inaugurated an International Workshop on "Modern Technologies in Survey-Resurvey for Urban Land Records" at Dr. Ambedkar International Centre (DAIC) in New Delhi, Delhi.


      - The primary objective of the workshop was to highlight global best practices in urban land record modernization, introduce relevant technological solutions, and facilitate planning for pilot projects in selected urban areas.


      - The workshop also addressed various challenges, including the lack of standardization, data security concerns, and the need for capacity building among stakeholders.

     

Main Points:-   (i) The two-day workshop, held from 21st to 22nd October 2024, was organized by the Department of Land Resources (DoLR) under the MoRD.

      (ii) Experts from Singapore, South Korea, the United Kingdom (UK), Spain, the United States of America (USA), Japan, Germany, and the United Arab Emirates (UAE) participated in the workshop, sharing successful digital land record practices.

About the Ministry of Rural Development (MoRD)
Union Minister- Shivraj Singh Chouhan
Headquarters: New Delhi
__________________________________________

IRDAI Extends International Financial Reporting Standard (IFRS 17) Implementation Deadline to FY27.

The Insurance Regulatory and Development Authority of India (IRDAI) has extended the timeline for the implementation of International Financial Reporting Standard (IFRS 17) regulations to the Financial Year 2026-27 (FY27).


      - This extension provides sufficient time for both bank-sponsored and non-bank sponsored insurance companies to implement IFRS 17 regulations.


      - Previously, IRDAI had set FY25 as the deadline for implementing IFRS 17 regulations in the insurance sector.

     

Main Points:-   (i) The new standards will help international investors to compare the financials of domestic insurers with their global counterparts. The new accounting standards would also require domestic insurers to strengthen their disclosure needs, leading to greater transparency and better decision-making, industry experts said.

      (ii) Developed by the International Accounting Standards Board (IASB), IFRS 17 became effective on January 1, 2023.

About IRDAI
Chairman- Debasish Panda
Headquarters-Hyderabad
__________________________________________

nion Minister Jyotiraditya M. Scindia Unveils BSNL's New Logo and Launches 7 Customer-Centric Services.

On 22nd October 2024, Union Minister Jyotiraditya Madhavrao Scindia, Ministry of Communications (MoC) and Ministry of Development of North Eastern Region (MDONER), unveiled the new logo of Bharat Sanchar Nigam Limited (BSNL) and launched its 7 customer-centric services at Bharat Sanchar Bhavan in New Delhi, Delhi.


      - These newly launched services aim to provide secure, affordable, and reliable connectivity across India.


     

     

Main Points:-   (i) The new logo of BSNL represents strength, trust, and accessibility. It features green and white arrows encircling India, highlighting the company's expansive nationwide reach, while the orange backdrop symbolizes warmth and inclusivity.

      (ii) Union Minister Jyotiraditya Scindia recently announced that BSNL (Bharat Sanchar Nigam Limited) will soon deploy 5G services nationwide. He noted that BSNL has already conducted successful trials of the 5G Radio Access Network (RAN) and core in both the 3.6 GHz (Giga Hertz) and 700 MHz (Mega Hertz) frequency bands.

About BSNL
Founded: 2000
Headquarters: New Delhi
__________________________________________

Shaktikanta Das Awarded A+ Grade in 2024 Central Bank Report Cards.

On 26th October 2024, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), received an 'A+' grade in the Central Bank Report Cards 2024 for the second consecutive year during an event in Washington D.C., United States of America (USA).


      - The USA-based Global Finance Magazine presented the award to Shaktikanta Das, recognizing the RBI Governor's exceptional performance and effective leadership in steering and regulating India's central bank through complex economic challenges.


      - He has been placed at the top of the list of three central bank governors who have been rated A+.

     

Main Points:-   Denmark's Christian Kettel Thomsen and Switzerland's Thomas Jordan have also been ranked in the 'A+' category of central bankers.

     

__________________________________________

Indian Neuroscientist Shubha Tole Named President-Elect of International Brain Research Organisation (IBRO).

Indian neuroscientist Shubha Tole has been appointed as the president-elect of the International Brain Research Organisation (IBRO), marking her as the first scientist from a developing country to attain this prestigious position. She will replace Tracy Bale, an American neuroscientist.


      - It was announced at IBRO's annual assembly in Chicago, the United States of America (USA).


      - Shubha Tole currently serves as the Dean of Graduate Studies at the Tata Institute of Fundamental Research (TIFR) in Mumbai, Maharashtra.

      - She has held multiple roles in the IBRO Asia-Pacific Regional Committee and the Society for Neuroscience (SfN). Currently, she is the President of the International Society for Developmental Neuroscience (ISDN). She has also chaired the Women in Science Committee of the Indian Academy of Sciences and actively contributes to the ALBA Network, advocating for diversity in neuroscience.

Main Points:-   (i) Shubha Tole will join the IBRO advisory board on January 1, 2025, for a one-year term and will assume her role as president on January 1, 2026. Her tenure will end on December 31, 2028, after which she will also serve a two-year term on the IBRO advisory board as past president.

      (ii) Based in Paris, France, IBRO is a global federation of neuroscience organizations that promotes and supports neuroscience worldwide through training, education, collaborative research, advocacy, and outreach.

(iii) The IBRO Governing Council represents 69 scientific societies and federations across 57 countries.

About International Brain Research Organisation (IBRO)
President - Tracy Bale
Headquarters - Paris
__________________________________________

PESB Appoints Amit Kumar as Chairman and Managing Director of Al Assets Holding Limited (AIAHL).

The Public Enterprise Selection Board (PESB) has appointed Amit Kumar as the Chairman and Managing Director (CMD) of Al Assets Holding Limited (AIAHL), a Schedule 'B' Central Public Sector Undertaking (PSU).


      - His appointment is subject to clearance and approval from the Appointments Committee of the Cabinet (ACC).


     

     

Main Points:-   (i) Amit Kumar currently holds the position of Executive Director (ED) and Asset Manager at Oil & Natural Gas Corporation Limited (ONGC) in Jorhat, Assam.

      (ii) AIAHL is a Special Purpose Vehicle (SPV) established under the Ministry of Civil Aviation (MoCA) to provide unified asset holding services, as outlined in the object clauses of its Memorandum of Association.

__________________________________________

Indian Navy Unveils 4th Nuclear-Powered Submarine 'S4*' in Visakhapatnam, Andhra Pradesh.

The Indian Navy (IN) has launched its 4th nuclear-powered ballistic missile submarine (SSBN) under the code name "S4*" at the Ship Building Centre (SBC) in Visakhapatnam, Andhra Pradesh (AP). This marks a significant milestone in India's efforts to strengthen its naval capabilities and ensure strategic stability in the Indo-Pacific region.


      - The launch of S4* follows the commissioning of Indian Naval Ship (INS) Arighaat (2nd SSBN) by Union Defence Minister Rajnath Singh on 29th August, 2024, with INS Aridhaman (3rd SSBN) expected to be commissioned in 2025.


     

     

Main Points:-   The submarine is equipped with K-4 ballistic missiles, with a target range of 3,500 kilometers (kms), and can be launched through vertical systems, in contrast to the first SSBN, INS Arihant, which carries K-15 nuclear missiles with a range of 750 kms.

     

About Indian Navy (IN)
Chief of Naval Staff (CNS) - Admiral Dinesh Kumar Tripathi
Headquarters: New Delhi
__________________________________________

Carlos Sainz of Ferrari triumphs at the Mexico City Grand Prix.

Carlos Sainz of Ferrari (Spain) clinched victory at the Mexico City Grand Prix 2024 (officially Formula 1 Gran Premio De La Ciudad De México 2024) on 27th October 2024 at the Autodromo Hermanos Rodriguez in Mexico City, Mexico. This marks his 4th career title and 2nd title of the 2024 season.


      - Lando Norris of McLaren secured 2nd place (18 points), while Ferrari's Charles Leclerc finished 3rd.


     

     

Main Points:-   (i) The Mexico City GP 2024 is the 20th round of the 2024 F1 World Championship.

      (ii) Carlos Sainz is set to leave Ferrari and join Williams Racing, a British F1 team and constructor, at the end of the 2024 season.

(iii) The Brazil Grand Prix 2024, the 21st round of the F1 World Championship, will be held in November 2024 in São Paulo, Brazil.

__________________________________________

Karmayogi Saptah National Learning Week to be Observed from 19th to 25th October 2024.

On 19th October 2024, Narendra Modi, the Prime Minister (PM) of India, launched the 'Karmayogi Saptah' National Learning Week (NLW), which will run from 19th to 25th October 2024, at the Dr. Ambedkar International Centre in New Delhi, Delhi.


      - The week-long program aims to promote a 'One Government' vision by instilling a commitment to lifelong learning and self-improvement among over 30 lakh central civil servants.


     

     

Main Points:-   (i) The observance of the week-long Karmayogi Saptah has been extended to 27th October 2024.

      (ii) On 21st October 2024 (3rd day of National Learning Week), Union Minister G Kishan Reddy, Ministry of Mines, awarded the Adarsh Karmayogi Awards to 13 employees who completed over 100 courses on the IGOT Karmayogi portal.

(iii) Sanjay Kumar Aggarwal, Chairman of the Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, Ministry of Finance, launched a nationwide Behavioral Sensitization program in CBIC.

__________________________________________

Police Commemoration Day was celebrated on 21 October 2024.

Police Commemoration Day is observed annually across India on 21st October to honour police personnel who have lost their lives in the line of duty.


      - The day commemorates the martyrdom of 10 policemen who were killed by Chinese troops during a reconnaissance mission in Hot Springs, Ladakh, in 1959.


     

     

Main Points:-   (i) In January 1960, a resolution was passed at the Annual Conference of Inspectors General of Police of States and Union Territories, recognising 21st October of every year as Police Commemoration Day.

      (ii) Since 1960, 21st October has been observed annually as "Police Commemoration Day.

About the Central Reserve Police Force (CRPF)
Director-General- Anish Dayal Singh
Headquarters: New Delhi
__________________________________________

World Snow Leopard Day was celebrated on 23 October 2024 as a day dedicated to the conservation of Snow Leopard.

World Snow Leopard Day (WSLD), also known as International Snow Leopard Day, is observed globally every year on 23rd October to raise awareness about the conservation and protection of the Snow Leopard (Panthera uncia), one of the most elusive and endangered big cats, and its natural habitat.


      - 23rd October 2024 marks the 11th observance of International Snow Leopard Day.


     

     

Main Points:-   (i) The theme of WSLD 2024 is "Safeguarding Snow Leopard Habitats for Future Generations.

      (ii) At the Global Snow Leopard Conservation Forum held in Bishkek, Kyrgyz Republic, from 22-23 October 2013, the 12 snow leopard range countries adopted the Bishkek Declaration on Snow Leopard Conservation and designated 23rd October each year as International Snow Leopard Day.

(iii) The first-ever International Snow Leopard Day was observed on 23 October 2014.

__________________________________________

International Lead Poisoning Prevention Week was observed from October 20 to 26, 2024.

International Lead Poisoning Prevention Week (ILPPW) is observed annually worldwide during the last full week of October to raise awareness about the harmful effects of lead poisoning (lead exposure).


      - The 12th ILPPW (2024) took place from October 20th to 26th, 2024.


      - This serves as a reminder to governments, civil society organizations, health partners, industries, and others about the unacceptable risks of lead exposure and the urgent need for action to protect children's health.

      - The annual observance of International Lead Poisoning Prevention Week (ILPPW) is led by the Global Alliance to Eliminate Lead Paint (Lead Paint Alliance) in collaboration with the United Nations Environment Programme (UNEP) and the World Health Organization (WHO).

Main Points:-   (i) ILPPW 2023 was observed from October 22nd to 28th, 2023, and ILPPW 2025 will be observed from October 19th to 25th, 2025.

      (ii) The 2024 campaign focused on "Bright Futures begin Lead-Free".

(iii) Additionally, lead exposure was estimated to result in more than 33 million years lost to disability (Disability-Adjusted Life Years, DALYs) worldwide in 2021.

__________________________________________

USA, Japan & South Korea Collaborate to Boost Digital Infrastructure in India.

The United States of America (USA), Japan, and South Korea have signed the Digital Infrastructure Growth Initiative for India Framework (DiGi Framework) to enhance digital infrastructure development in India.


      - The DiGi Framework will establish a systematic approach whereby DFC, JBIC, and Korea Exim Bank, in partnership with the Indian private sector, can fulfill the requirements of strategic digital infrastructure projects in India.


      - Additionally, it will facilitate support for policy dialogues with the Indian Government and private sector to encourage private sector financing for digital infrastructure initiatives in India.

     

Main Points:-   (i) The framework was signed by the US International Development Finance Corporation (DFC), the Japan Bank for International Cooperation (JBIC), and the Export-Import Bank of Korea (Korea Eximbank - KEXIM) at the DFC headquarters in Washington D.C., USA.

      (ii) Signatories: Yoon Hee-sung, Chairman & President of KEXIM; Scott Nathan, Chief Executive Officer (CEO) of DFC; and Hayashi Nobumitsu, Governor of JBIC were the signatories of the DiGi Framework.

About U.S. International Development Finance Corporation (DFC)
CEO - Scott Nathan
Headquarters - Washington, D.
__________________________________________

Mintoak and Axis Bank Join Forces to Empower SMEs with Merchant Payments and Business Solutions.

Mumbai (Maharashtra)-based Mintoak Innovations Private Limited (Mintoak), a software-as-a-service (SaaS) platform for merchants, has teamed up with Mumbai-based Axis Bank Limited to streamline payment solutions for Small and Medium-sized Enterprises (SMEs).


      - Mintoak and Axis Bank have jointly launched Neo for Merchants, a payment acceptance and commerce enablement application.


     

     

Main Points:-   (i) As part of this collaboration, Axis Bank will leverage Mintoak’s SaaS platform to help SMEs accept payments, access transaction reports, and submit service requests directly through the app.

      (ii) HDFC Bank, State Bank of India, Axis Bank, YES Bank in India, and globally Absa, and Burgan Bank are among the merchant acquirers that have implemented the company’s merchant payment and commerce enablement solutions.

About Axis Bank
CEO: Amitabh Chaudhry
Headquarter : Mumbai
__________________________________________

Indian Coast Guard (ICG) Unveils Two Fast Patrol Vessels, 'Adamya' and 'Akshar', Manufactured by GSL.

On 28th October 2024, the Indian Coast Guard (ICG) launched two domestically built Fast Patrol Vessels (FPVs), 'Adamya' and 'Akshar', constructed by Goa Shipyard Limited (GSL).


      - The vessels, which feature over 60% indigenous content, were launched by Priya Paramesh, wife of Paramesh Sivamani, Director General of ICG.


      - The state-of-the-art Fast Patrol Vessels (FPVs) 'Adamya' and 'Akshar' are part of a contract between the Indian Coast Guard (ICG) and Goa Shipyard Limited (GSL) for building 8 FPVs at a cost of Rs 473 crore.

      - Each FPV is 52 meters in length and 8 meters in breadth.

Main Points:-   (i) These FPVs are designed to enhance security around offshore assets, island territories, and strengthen surveillance capabilities.

      (ii) On 25th August 2024, Giridhar Aramane, Secretary of the Ministry of Defence (MoD), laid the keels for the FPVs Adamya and Akshar.

About Goa Shipyard Limited (GSL)
CMD - Brajesh Kumar Upadhyay
Headquarters- Vasco-da-Gama, Goa
__________________________________________

Finance Minister Nirmala Sitharaman Recently Approves Creation of CGM Posts in 5 Nationalized Banks.

Union Minister Nirmala Sitharaman, Ministry of Finance (MoF), has approved the restructuring of nationalized banks by creating and increasing the number of Chief General Manager (CGM) posts.


      - The restructuring is based on a review of the banks' business mixes as of March 31, 2023.


      - The new structure seeks to maintain a ratio of one CGM for every four GMs, ensuring a more balanced distribution of responsibilities.

      - Previously, CGM posts were available in six out of the eleven nationalized banks. The new CGM posts will be introduced in five additional banks: Bank of Maharashtra (BoM) in Pune, Maharashtra; Central Bank of India (CBI) in Mumbai, Maharashtra; Indian Overseas Bank (IOB) in Chennai, Tamil Nadu; Punjab & Sind Bank (PSB) in New Delhi, Delhi; and UCO Bank in Kolkata, West Bengal.

Main Points:-   (i) The Finance Minister has approved the creation of 64 new Chief General Manager (CGM) posts, raising the total number of CGM positions across all 11 nationalized banks from 80 to 144.

      (ii) As a result of this change, the number of General Manager (GM) positions will increase from 440 to 576, Deputy General Manager (DGM) positions will rise from 1,320 to 1,728, and Assistant General Manager (AGM) positions will grow from 3,960 to 5,184.

(iii) The CGM position serves as a crucial link between the GM and Executive Director (ED) roles.

About MoF
Union Minister : Nirmala Sitharaman
Secretary : Tuhin Kanta Pandey
__________________________________________

IOB Launches 'IOB-Mahila Shaksham Scheme' to Support and Empower Women Entrepreneurs.

Indian Overseas Bank (IOB) has introduced the 'IOB-Mahila Shaksham Scheme', designed to empower individual women members of Self Help Groups (SHGs) by supporting their entrepreneurial ventures.


      - The scheme also complements the Ministry of Rural Development's 'Lakhpati Didi Yojana', aimed at fostering financial independence among women.


      - Designed specifically for women entrepreneurs, including those running Small and Medium Enterprises (SMEs).

     

Main Points:-   (i) This initiative is part of the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), providing financial assistance to women SHG members for their business activities.

      (ii) As part of IOB’s commitment to enhancing women's economic participation, the scheme also focuses on improving their access to financial resources.

About IOB
Founder : M. Ct. M. Chidambaram Chettiar
Headquarters: Chennai
__________________________________________

PM Narendra Modi unveils "Bharatvakya," a biography of classical musician Bharat Balvalli.

Prime Minister (PM) Narendra Modi launched the book titled 'Bharatvakya', the biography of renowned classical musician Dr. Bharat Balvalli, authored by eminent actor and screenwriter Pravin Vitthal Tarde.


      - The book seeks to blend music, spirituality, and a dedication to nation-building.


     

     

Main Points:-   This bilingual book, published by Sakal Media News Publication, is available in both Marathi and English.

     

__________________________________________

Global Iodine Deficiency Disorders Prevention Day 2024: Observed on October 21.

World lodine Deficiency Day, also known as Global lodine Deficiency Disorders Prevention Day, is annually observed across the globe on 21st October to raise awareness about the crucial role of iodine in human health and the serious consequences of iodine deficiency.


      - Iodine is an essential micronutrient necessary for the production of thyroid hormones, thyroxine (T4) and triiodothyronine (T3), which regulate metabolism and are vital for fetal and infant development.


     

     

Main Points:-   (i) The theme of World lodine Deficiency Day 2024 was 'A daily dose of iodine keeps you fit and fine'.

      (ii) Insufficient iodine intake can lead to a range of health issues collectively known as lodine Deficiency Disorders (IDD). Iodine deficiency can result in severe health problems.

__________________________________________

PM Modi Recently Inaugurates ITU World Telecommunication Standardization Assembly 2024 in New Delhi.

On 15th October 2024, Prime Minister Narendra Modi inaugurated the International Telecommunication Union (ITU) – World Telecommunication Standardization Assembly (WTSA) 2024 at Bharat Mandapam in New Delhi, Delhi.


      - The ITU-WTSA 2024 was held from 15th to 24th October 2024, hosted by India in New Delhi, marking the first time the WTSA was hosted in India in the ITU’s 150-year history.


      - This event also represented the first WTSA held in the Asia-Pacific region.

     

Main Points:-   (i) During the program, PM Modi also inaugurated the 8th edition of the India Mobile Congress (IMC 2024), Asia's largest digital technology forum.

      (ii) Chairman of the Reliance JIO-INFOCOMM Limited, Shri Akash Ambani, commended Prime Minister Shri Narendra Modi for his visionary leadership, which has catalyzed India’s remarkable digital transformation.

(iii) Aditya Birla Group Chairman Kumar Mangalam Birla praised the government’s ongoing support and reforms to advance India as a more connected, empowered, and inclusive digital nation.

About the International Telecommunication Union (ITU)
Secretary-General: Doreen Bogdan-Martin
Headquarters: Geneva, Switzerland
__________________________________________

Dr. Mansukh Mandaviya Recently Launches eShram Portal, a One-Stop Solution for Unorganised Workers.

Union Minister Dr. Mansukh Mandaviya, Ministry of Labour & Employment (MoL&E), recently launched the 'eShram - One Stop Solution' in New Delhi to improve access to social security schemes for unorganised workers.


      - The launch was attended by Union Minister of State (MoS) Sushri Shobha Karandlaje, MoL&E, and others.


      - The platform has seen a significant rise in user engagement, with 60,000 to 90,000 new registrations daily, reflecting growing trust in the service.

     

Main Points:-   (i) The eShram portal, initially launched in August 2021 by MoL&E to create the National Database of Unorganised Workers (NDUW), has already registered over 30 crore workers, demonstrating its importance in delivering welfare services.

      (ii) Workers aged between 16-59 years from the unorganised sector can register on the portal.

(iii) The platform has seen a significant rise in user engagement, with 60,000 to 90,000 new registrations daily, reflecting growing trust in the service.

__________________________________________

Nitin Gadkari Recently Unveils ₹100 Commemorative Coin to Mark the Birth Centenary of HH Mataji Nirmala Devi Ji.

Union Minister Nitin Gadkari, Ministry of Road Transport & Highways (MoRTH), recently unveiled a ₹100 commemorative coin to honor the Birth Centenary of HH Mataji Nirmala Devi Ji at the National Museum in New Delhi, Delhi.


      - HH Mataji Nirmala Devi Ji, born on March 21, 1923, and celebrated in her centenary year of 2023, was the founder of Sahaja Yoga, a spiritual movement promoting inner peace and universal love.


     

     

Main Points:-   (i) The ₹100 coin features an image of HH Mataji Nirmala Devi Ji, representing her teachings of inner peace and universal love.

      (ii) The coin’s composition is a quaternary alloy with 50% silver, 40% copper, 5% nickel, and 5% zinc, weighing 35 grams with a diameter of 44 mm and 200 serrations along the edge.

__________________________________________

MSDE Partners with Meta for AI Assistant in Skill India Mission and Establishes Five Centers of Excellence in NSTIs.

The Ministry of Skill Development and Entrepreneurship (MSDE) has partnered with Meta, the parent company of Facebook, to advance the Skill India Mission through the creation of an Artificial Intelligence (AI) Assistant and the establishment of five Centers of Excellence (CoEs) focused on Virtual Reality (VR) and Mixed Reality (MR) technologies.


      - Five CoEs will be set up at National Skill Training Institutes (NSTIs) located in Hyderabad (Telangana), Bengaluru (Karnataka), Jodhpur (Rajasthan), Chennai (Tamil Nadu), and Kanpur (Uttar Pradesh).


     

     

Main Points:-   (i) This collaboration seeks to leverage cutting-edge technology to enhance skill development training and accessibility for learners across India.

      (ii) As part of this initiative, an AI-powered chatbot will be developed using Meta’s open-source Llama model. This chatbot will be integrated into the Skill India Digital (SID) Portal to provide 24/7 support, offering users instant access to course information and learning resources.

(iii) These centers will also equip instructors and learners with advanced VR technology, providing a more immersive and engaging training experience.

About Ministry of Skill Development and Entrepreneurship (MSDE)
Minister responsible: Jayant Chaudhary
Founded: 2014
__________________________________________

ISRO Chief Dr. S. Somanath Honored with IAF World Space Award at 75th IAC in Milan, Italy.

The 75th International Astronautical Congress (IAC 2024) took place from October 14 to 18, 2024, at the Milano Congress Center (Allianz MiCo), the largest conference venue in Europe, located in Milan, Italy. Organized by the International Astronautical Federation (IAF), the event was co-hosted by the Italian Association of Aeronautics and Astronautics (AIDAA), the Italian Space Agency (ASI), and Leonardo.


      - Key highlights of the congress included ISRO Chairman Dr. S. Somanath receiving the IAF World Space Award 2024, the launch of ESA’s Moonlight Programme for lunar communication, and the AxEMU spacesuit reveal by Axiom Space and Prada.


     

     

Main Points:-   (i) The theme of the 75th International Astronautical Congress (IAC 2024), "Responsible Space for Sustainability," underscored the critical need for responsible practices in space exploration. This focus emphasized ensuring safety, preventing overcrowding, and minimizing light pollution, all essential as the space economy continues to grow and expand.

      (ii) The IAC 2025 will be held in Sydney, Australia from September 29 to October 3, 2025.

About International Astronautical Federation (IAF)
President - Eugene Clayton Mowry
Headquarters - Paris
__________________________________________

Bank of Baroda Launches bob Utsav Deposit Scheme.

Vadodara-based Bank of Baroda (BoB) has introduced the 'bob Utsav Deposit Scheme', a 400-day fixed deposit scheme. This scheme offers attractive interest rates: 7.30% p.a. for the general public, 7.80% p.a. for senior citizens, 7.90% p.a. for super senior citizens (aged 80 and above), and up to 7.95% p.a. for Non-Callable Deposits.


      - Interest rates for bob Earth Green Term Deposits have also been raised by 30 bps to 7.15% p.a. for selected tenors.


     

     

Main Points:-   (i) The scheme is open from October 14, 2024, and is applicable for fixed deposits below Rs 3 crore as a limited-period offer.

      (ii) Additionally, BoB has increased interest rates on deposits in the 3-5 year range by 30 basis points (bps), moving from 6.50% p.a. to 6.80% p.a.

About Bank of Baroda
CEO: Devdutt Chand
Headquarters: Alkapuri, Vadodara
__________________________________________

RBI Updates Access Criteria for its NDS-OM Electronic Trading Platform.

The Reserve Bank of India (RBI) has broadened direct access to its Negotiated Dealing System-Order Matching (NDS-OM) electronic trading platform for a wider range of Regulated Entities (REs), including Regional Rural Banks (RRBs), Local Area Banks (LABs), and Non-Banking Finance Companies (NBFCs), such as Housing Finance Companies (HFCs), among others.


      - Under the revised guidelines, these entities can either obtain direct access, allowing them to execute transactions independently on the NDS-OM platform, or opt for indirect access by collaborating with an entity that holds direct access.


     

     

Main Points:-   (i) RBI issued these directions using the authority granted under section 45W of the RBI Act, 1934, in conjunction with section 45U of the same Act.

      (ii) RBI issued these directions using the authority granted under section 45W of the RBI Act, 1934, in conjunction with section 45U of the same Act.

About RBI
CEO : Shaktikanta Das
Headquarter : Mumbai
__________________________________________

General Luong Cuong Elected as Vietnam's New President.

On October 21, 2024, Vietnam’s National Assembly elected 67-year-old General Luong Cuong as the 14th President of Vietnam in a session held in Hanoi.


      - He succeeds To Lam, who served as the 13th President from May 2024 to October 2024. In August 2024, To Lam was appointed as the General Secretary of the ruling Communist Party.


      - Luong Cuong began his military service in 1975 and rose through the ranks to become Major General in 2006. He also held the position of Chief of the General Department of Politics in the Vietnam People’s Army.

     

Main Points:-   (i) Since 2021, he has been an influential member of the Politburo (Communist Party of Vietnam).

      (ii) Luong Cuong has served as a Permanent Member of the Party Central Committee’s Secretariat since May 2024.

About Vietnam
President- Luong Cuong
Prime Minister- Pham Minh Chinh
__________________________________________

CCI Approves Central Bank of India's Proposed Acquisition of 24.9% Stake in FGIICL and 25.18% in FGILICL.

The Competition Commission of India (CCI) has granted approval for the Central Bank of India's proposed acquisition of a 24.9% stake in Future Generali India Insurance Company Limited (FGIICL), a general insurance company, and a 25.18% stake in Future Generali India Life Insurance Company Limited (FGILICL), a life insurance company.


      - The Competition Commission of India (CCI) has approved Bharti Airtel Limited’s proposal to increase its stake in Indus Towers Limited (a passive telecom infrastructure provider) to 50.005%, up from its previous shareholding of 48.95%, following a share buyback by Indus Towers.


     

     

Main Points:-   The CCI has also approved the proposal of Aquilo House Pte. Limited (AHPL) to acquire Aavas Financiers Limited (AFL), a housing finance company registered with the National Housing Bank (NHB), which is a non-deposit taking entity.

     

About Competition Commission of India (CCI)
Chairman- Ravneet Kaur
Headquarters: New Delhi
__________________________________________

National Solidarity Day observed on October 20, 2024.

National Solidarity Day is observed annually across India on 20th October to pay tribute to the soldiers who sacrificed their lives during the 1962 Indo-China War, which began on 20th October 1962 and ended on 21st November 1962.


      - The day also honours the bravery and strength of the personnel of the Indian Armed Forces.


     

     

Main Points:-   20th October 2024 marks the 62nd anniversary of the 1962 Indo-China War.

     

__________________________________________

World Osteoporosis Day observed on October 20, 2024.

World Osteoporosis Day (WOD), observed annually on 20th October, is a global awareness campaign aimed at highlighting the importance of osteoporosis and raising awareness about its prevention, diagnosis, and treatment, along with metabolic bone diseases.


      - The WOD campaign is a global initiative supported by the International Osteoporosis Foundation (IOF).


      - World Osteoporosis Day was initially launched in 1996 by the United Kingdom's National Osteoporosis Society, with support from the European Commission. The first-ever WOD was observed on 20th October 1996.

     

Main Points:-   The theme and message for the 2024 campaign is "Say no to fragile bones.

     

About the International Osteoporosis Foundation (IOF)
President - Professor Nicholas Harvey
CEO - Philippe Halbout
__________________________________________

M.K. Ranjitsinh Launches New Book Titled 'Mountain Mammals of the World'.

Dr. M.K. Ranjitsinh, a renowned wildlife conservationist, has unveiled his fourth book titled 'Mountain Mammals of the World,' published by Penguin Random House. The launch took place at WWF India's headquarters in New Delhi, where former politician-author Padma Vibhushan Dr. Karan Singh was the chief guest.


      - The book serves as a comprehensive guide to 62 species and 78 subspecies of larger mammals inhabiting mountainous regions across the globe.


     

     

Main Points:-   Ranjitsinh is well-known for his significant contributions to drafting India's Wildlife (Protection) Act of 1972.

     

__________________________________________

India and Oman conducted the Naseem Al Bahr bilateral naval exercise off the coast of Goa.

The Indian Navy (IN) and the Royal Navy of Oman (RNO) successfully conducted the 'Naseem Al Bahr' naval exercise off the coast of Goa from October 13 to 18, 2024. This Indo-Oman exercise improved cooperation and understanding of each other’s best practices.


      - 'Naseem Al Bahr' is also called "Sea Breeze."


     

     

Main Points:-   (i) (Note: The first IN-RNO exercise took place in 1993, making 2024 the 31st year of bilateral exercises between the two navies.)

      (ii) An integral helicopter from INS Trikand conducted cross-deck landings and vertical replenishment (VERTREP) with RNOV Al Seeb.

(iii) The Indian Navy's Dornier aircraft provided Over-the-Horizon Targeting (OTHT) data to the participating ships.

About Oman
Prime Minister: Haitham bin Tariq
Capital: Muscat
__________________________________________

India and Seychelles have signed a MoU to collaborate in the field of auditing.

On October 21, 2024, the Comptroller and Auditor General of India (CAG) and the Office of the Auditor General of Seychelles (OAG) signed a Memorandum of Understanding (MoU) in Victoria, Seychelles. This agreement aims to enhance training opportunities and information sharing between their respective offices.


      - The MoU was signed by Girish Chandra Murmu, the CAG of India, and Gamini Herath, the Auditor General of Seychelles, during CAG Murmu's official visit to Seychelles.


      - Key attendees included Karthik Pande, the Indian High Commissioner to Seychelles, and representatives from both Supreme Audit Institutions (SAIs).

     

Main Points:-   (i) During his visit, CAG Girish Chandra Murmu met with Roger Mancienne, the Speaker of the National Assembly of Seychelles, to discuss the important role of the Auditor General's office in supporting national assemblies and parliaments worldwide.

      (ii) In another meeting, he spoke with Sebastian Alik Pillay, Chairperson of the Finance and Public Accounts Committee, about the vital partnership between Supreme Audit Institutions (SAIs) and Public Accounts Committees, working together to fulfill their responsibilities to citizens.

About the Republic of Seychelles
President: Wavel Ramkalawan
Capital: Victoria
__________________________________________

The 149th Inter-Parliamentary Union Assembly took place in Geneva, Switzerland, from October 13 to 17, 2024.

The 149th Inter-Parliamentary Union (IPU) Assembly took place from October 13 to 17, 2024, in Geneva, Switzerland. Lok Sabha Speaker Om Birla led the Indian Parliamentary Delegation (IPD) at this assembly.


      - The next 150TH ASSEMBLY will be hosted by Uzbekistan in Tashkent, scheduled for April 5 to 9, 2025.


     

     

Main Points:-   (i) The assembly adopted resolutions on both an emergency item and a subject raised by the Standing Committee on Democracy and Human Rights, titled "The Impact of Artificial Intelligence on Democracy, Human Rights, and the Rule of Law."

      (ii) The assembly also finalized an outcome document based on the overall theme of the General Debate.

(iii) The assembly approved the newly established IPU Charter on the Ethics of Science and Technology, which was developed by the IPU's Working Group on Science and Technology.

About Inter-Parliamentary Union (IPU)
President - Tulia Ackson
Secretary General - Martin Chungong
__________________________________________

Citigroup Partners with Mastercard to Launch 24/7 Cross-Border Debit Payments.

Citigroup Inc., an American multinational investment bank and financial service company, has collaborated with Mastercard Inc., a global payment card provider, to enable 24/7 cross-border payments through debit cards.


      - This partnership offers a seamless, efficient global transaction option for both consumers and businesses.


      - Citigroup is the first global bank to enable cross-border payments to Mastercard debit cards using 'Mastercard Move,' benefiting from the speed, security, and transparency provided by Mastercard's network.

     

Main Points:-   (i) This integrated solution is available to Citi clients in 65 origin countries and caters to corporate, financial, e-commerce, and commercial sectors.

      (ii) It supports transactions like insurance payouts, airline refunds, e-commerce payments, on-demand payouts for freelancers and gig workers, transactions with merchants, and customer refunds.

(iii) The partnership enhances Citi's payout capabilities, reaching 14 receiving markets across Europe, Asia, Africa, and Latin America, and supporting domestic transfers in the United States. Plans are in place to further expand these services in the future.

About Citigroup
CEO: Jane Fraser
Headquarters: New York
__________________________________________

James Webb Telescope Discovers Carbon Dioxide and Hydrogen Peroxide on Pluto's Moon Charon.

The James Webb Space Telescope (JWST) of the National Aeronautics and Space Administration (NASA) has identified Carbon Dioxide (CO₂) and Hydrogen Peroxide (H₂O₂) on the surface of Charon, the largest moon of Pluto.


      - These discoveries were made using Webb's Near-Infrared Spectrograph (NIRSpec).


      - Charon was discovered in 1978 by James Christy and Robert Harrington at the US Naval Observatory in Arizona.

     

Main Points:-   (i) This detection marks the first time these compounds have been identified on Charon, which has a diameter of approximately 1,200 kilometers (km) and orbits Pluto at a distance of about 19,640 km.

      (ii) The identification of CO₂ and H₂O₂ adds to previously known materials on Charon’s surface, such as crystalline water ice and ammonia. The findings were published in Nature Communications.

(iii) The research team was led by the Southwest Research Institute (SwRI) in Texas, United States of America (USA).

About NASA
Founder: Dwight D. Eisenhower
Headquarters: Washington, D.C
__________________________________________

The 2024 EFW Report ranks Hong Kong as the world's freest economy, overtaking Singapore, with India at 84th.

According to the latest "Economic Freedom of the World (EFW) 2024 Annual Report" by the Fraser Institute (a public policy research organization based in Vancouver, Canada), Hong Kong has regained its position as the world’s freest economy, with a rating of 8.58. It has overtaken Singapore, which is now ranked 2nd with a score of 8.55.


      - India has improved its ranking by 3 places, moving from 87th (in EFW 2023) to 84th (in EFW 2024) with a rating of 6.58.


     

     

Main Points:-   (i) Switzerland ranks 3rd with a score of 8.43, followed by New Zealand in 4th place with a rating of 8.39, and the United States in 5th place with a score of 8.09.

      (ii) Venezuela is ranked the lowest in the 2024 EFW report with a rating of 3.02, followed by Zimbabwe (3.53), Sudan (4.11), Syrian Arab Republic (4.28), and Algeria (4.46). They are ranked 164th, 163rd, 162nd, 161st, and 160th respectively.

About the Fraser Institute
President: Niels Veldhuis
Headquarters: Vancouver, Canada
__________________________________________

Egypt has been declared 'malaria-free' by the WHO, becoming the second country to achieve this status in 2024.

On October 20, 2024, the World Health Organization (WHO) officially declared Egypt malaria-free, marking a major public health achievement for a country with over 100 million people.


      - Egypt is the second country in the world to receive this status in 2024, after Cabo Verde.


      - It is the third country in the WHO Eastern Mediterranean Region to be certified malaria-free, following the United Arab Emirates (UAE) and Morocco, and the first since 2010.

      - A total of 44 countries and 1 territory worldwide have reached this milestone.

Main Points:-   (i) The WHO’s certification means Egypt has stopped the local transmission of malaria by Anopheles mosquitoes.

      (ii) Malaria diagnosis and treatment are provided free of cost to all residents in Egypt, no matter their legal status.

(iii) The final decision on certification is made by the WHO Director-General, based on recommendations from an independent group called the Technical Advisory Group on Malaria Elimination and Certification (TAG-MEC).

About the World Health Organization (WHO)
Director-General: Tedros Adhanom
Headquarters: Geneva, Switzerland
__________________________________________

PFC and BEML have signed an agreement to finance and execute infrastructure projects in the defense and rail transportation sectors.

Bharat Earth Movers Limited (BEML) and Power Finance Corporation (PFC) have signed a Memorandum of Understanding (MoU) to finance and implement important infrastructure projects, especially in defense, rail transportation, and infrastructure development.


      - The MoU was signed on 18th October 2024 by Shantanu Roy, Chairman and Managing Director (CMD) of BEML, and Parminder Chopra, CMD of PFC.


     

     

Main Points:-   (i) This partnership aims to explore new growth opportunities in critical sectors that are key to nation-building, including Rail and Metro, Defense and Aerospace, and Mining and Construction. It will also help in the development of important national infrastructure projects.

      (ii) Apart from rail and metro projects, the MoU also aims to strengthen defense manufacturing, aligning with the Indian government's AatmaNirbhar Bharat vision, which focuses on making India self-reliant in defense production.

About Bharat Earth Movers Limited (BEML)
CMD : Shantanu Roy
Headquarters: Bengaluru
__________________________________________

ISRO Prepares for 'Space Handshake' SPADEX as Private Firm Delivers Two Satellites.

The Indian Space Research Organization (ISRO) has secured two 400 kg satellites as part of the upcoming Space Docking Experiment (SPADEX) mission.


      - These satellites will be launched into slightly different orbits by a single rocket during the mission.


      - Ananth Technologies Private Limited (ATL) has facilitated the integration of the two 400 kg satellites for ISRO, which were delivered to the Udupi Ramachandra Rao Satellite Centre (URSC) in Bengaluru, a facility dedicated to the design and development of satellites.

     

Main Points:-   (i) SPADEX will demonstrate independent engagement and docking, enabling two spacecraft to function as a unified unit with controlled movement. This capability is crucial for constructing and maintaining a space station.

      (ii) Successful development of SPADEX technologies will allow for robotic assembly of space station modules (large structural components) in orbit.

(iii) Additionally, the upcoming Chandrayaan-4 mission, which aims to return with lunar samples, will involve autonomous docking in orbit around the moon.

About ISRO
Founder: Vikram Sarabhai
Headquarters: Bengaluru
__________________________________________

Karnataka Launches 'Shiksha Copilot,' an AI Assistant Designed to Empower Teachers with Technology.

The Government of Karnataka has introduced 'Shiksha Copilot,' a new AI-powered digital assistant designed to support teachers in creating lesson plans and enhancing student learning outcomes. It was launched by Madhu Bangarappa, Karnataka’s Minister of School Education and Literacy.


      - This initiative is a collaborative effort between the Sikshana Foundation and Microsoft Research India.


      - Shiksha Copilot is a generative AI tool designed to assist teachers in creating lesson plans with activities, videos, and quizzes that are customized to local curriculums.

     

Main Points:-   (i) It is a collaborative project between the Sikshana Foundation and Microsoft Research India, as part of Project VeLLM (Very Large Language Model), a Microsoft Research India initiative that develops specialized AI tools for users, including teachers and farmers.

      (ii) Shiksha Copilot helps teachers manage multi-grade classrooms with diverse needs by generating personalized content and aligning with the 5Es model (Engage, Explore, Explain, Elaborate, and Evaluate).

About Karnataka
CM : Siddaramaiah
Governor: Thawar Chand Gehlot
__________________________________________

Ultraviolette has unveiled its sixth UV Space station in Visakhapatnam.

Bengaluru (Karnataka)-based Ultraviolette Automotive Private Limited has launched its sixth Ultraviolette (UV) space station in Visakhapatnam, Andhra Pradesh (AP). This new station aims to support and grow UV's Electric Vehicle (EV) ecosystem in India, offering services such as charging, maintenance, and community space for EV users.


      - The newly opened UV Space Station covers 2,300 square feet and introduces the high-performance F77 MACH2 electric motorcycle to a wider audience. This allows EV enthusiasts in the region to access advanced technology and sustainable mobility solutions.


     

     

Main Points:-   (i) The F77 MACH2 features a top-quality 10.3 Kilowatt-hour (kWh) SRB7 Lithium-ion battery with an impressive 800,000-kilometer (km) battery warranty.

      (ii) This facility is a major step in UV's expansion efforts, joining the flagship center in Bengaluru and recent launches in Pune (Maharashtra), Ahmedabad (Gujarat), Kochi (Kerala), and Hyderabad (Telangana). UV plans to establish a presence in twelve cities by the end of 2024.

__________________________________________

Recent Discoveries in Biodiversity Include DiCaprio's Himalayan Snake, New Tenkana Spider and Two New Orchid Species.

Recent research has revealed new species of snake, spider, and orchid in the Western Himalayas, Southern India, and Northeast India, showcasing the region's rich biodiversity.


      - A collaborative team of researchers from India, Germany, and the United Kingdom (UK) identified a new snake species named Anguiculus dicaprioi in the western Himalayas.


      - In another significant discovery, a team of arachnologists from India and Canada found a new genus of jumping spiders called Tenkana, which resides in Southern India and Northern Sri Lanka.

     

Main Points:-   Additionally, a new species of orchid named Crepidium assamicum was found in Dibru Saikhowa National Park, Assam, while another species, Coelogyne tripurensis, was discovered in the Jampui Hills of Tripura's North District. These findings highlight the urgent need for ongoing conservation efforts to protect these unique species.

     

__________________________________________

IEA's 'World Energy Outlook 2024' Projects India to Become World's Third-Largest Economy by 2028.

The International Energy Agency (IEA) has published its key report, titled 'World Energy Outlook (WEO 2024)', which highlights that India is set to become the third-largest economy in the world by 2028.


      - The report notes that we are entering the "Age of Electricity," with a significant rise in global power demand, particularly in China. By the early 2030s, solar power generation in China may surpass the total electricity demand of the United States.


      - Electric vehicles (EVs) are expected to make up 50% of new car sales by 2030.

     

Main Points:-   (i) Global electricity demand is projected to double by 2050, primarily driven by China's extensive energy transition, according to a statement from Carbon Tracker regarding the IEA's WEO 2024.

      (ii) India is expected to experience a greater increase in energy demand than any other country over the next decade, due to its large population and growing demand across all sectors.

About the International Energy Agency (IEA)
Executive Director (ED): Fatih Birol
Headquarters: Paris
__________________________________________

MoEFCC has declared Namdapha National Park and Kamlang Wildlife Sanctuary in Arunachal Pradesh as Eco-Sensitive Zones (ESZ).

The Ministry of Environment, Forests and Climate Change (MoEF&CC) has designated Namdapha National Park and Tiger Reserve and Kamlang Wildlife Sanctuary and Tiger Reserve, located in Changlang and Lohit districts of Arunachal Pradesh, as Eco-Sensitive Zones (ESZ).


      - This designation is an important step to conserve the fragile ecosystems of Arunachal Pradesh. It aims to enhance efforts to protect these natural areas and their biodiversity for future generations.


      - Namdapha National Park and Tiger Reserve is one of India’s largest and most biologically diverse protected areas in the Eastern Himalayas. It was designated as a Tiger Reserve by the government in 1983, making it the 15th Tiger Project in India.

     

Main Points:-   (i) The ESZ status is designed to preserve the rich biodiversity and unique landscapes of these areas, providing a Safety armor against harmful human activities and supporting conservation in the Eastern Himalayas.

      (ii) India has over 600 ESZs declared across various states.

(iii) Kamlang Wildlife Sanctuary was designated as a sanctuary in 1989 and is named after the Kamlang River that flows through it.

About the Ministry of Environment, Forests and Climate Change (MoEF&CC)
Union Minister: Bhupender Yadav
Headquarters: New Delhi
__________________________________________

The Regional Connectivity Scheme, Ude Desh Ka Aam Nagrik, has successfully completed eight years.

On 21st October 2024, the Regional Connectivity Scheme (RCS) - UDAN (which stands for "Ude Desh ka Aam Nagrik") celebrated its 8th anniversary. This scheme, led by the Ministry of Civil Aviation (MoCA), has been serving the nation since it was launched on 21st October 2016.


      - RCS UDAN was introduced as a key part of India’s National Civil Aviation Policy (NCAP) 2016, established by the Ministry of Civil Aviation (MoCA) with a 10-year plan.


     

     

Main Points:-   (i) October 21, 2024, marks the 8th anniversary of RCS UDAN, originally launched on October 21, 2016.

      (ii) Prime Minister Narendra Modi inaugurated the first RCS-UDAN flight, connecting Shimla and Delhi, on April 27, 2017.

(iii) The Government of India (GoI) has allocated ₹4,500 crores for airport development under the UDAN scheme, with ₹3,751 crores utilized since the scheme's launch in 2016.

About the Ministry of Civil Aviation (MoCA)
Union Minister : Kinjarapu Rammohan Naidu
Headquarters: New Delhi
__________________________________________

According to the NCPCR report, India has more than 1.15 million children at risk of child marriage.

According to the latest report from the National Commission for Protection of Child Rights (NCPCR), more than 1.15 million children across India’s 27 states and 7 Union Territories (UTs) were found to be "vulnerable" to child marriage in 2023-24.


      - Most of these vulnerable children are girls who have either dropped out of school or have been irregular or absent for a long time without notifying the authorities.


     

     

Main Points:-   (i) Uttar Pradesh (UP) has the highest number of vulnerable children, with over 500,000, followed by Assam with 150,000 and Madhya Pradesh (MP) with nearly 100,000.

      (ii) Meanwhile, Union Territories like Lakshadweep and the Andaman & Nicobar Islands reported no children vulnerable to child marriage.

About the National X Commission for Protection of Child Rights (NCPCR)
Chairperson: Priyank Kanoongo
Headquarters: New Delhi
__________________________________________

MoRD has signed an MoU with 10 banks to support rural women entrepreneurs financially.

The Ministry of Rural Development (MoRD) has signed a Memorandum of Understanding (MoU) with nine Public Sector Banks (PSBs) and one Private Sector Bank as part of the Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM) at the National Conclave on Women-led Entrepreneurship in New Delhi.


      - The Public Sector Banks (PSBs) involved in the agreement are Bank of Baroda (BOB), Bank of India (BOI), Bank of Maharashtra (BOM), Canara Bank (CB), Central Bank of India (CBI), Indian Bank (IB), Indian Overseas Bank (IOB), Punjab National Bank (PNB), and United Commercial Bank (UCO). The Private Sector Bank involved in the agreement is Industrial Development Bank of India Limited (IDBI Bank Ltd).


      - Charanjit Singh, Additional Secretary, Ministry of Rural Development (MoRD), exchanged an MoU with these banks to promote financial support for rural women entrepreneurs, helping them expand their businesses with enhanced funding opportunities.

      - The Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY-NRLM) was launched in 2011 by the MoRD to reduce poverty.

Main Points:-   (i) This initiative supports the "Lakhpati Didi" program introduced by Prime Minister Narendra Modi, aimed at helping rural women achieve financial independence and sustainable incomes.

      (ii) This assistance will cover various sectors, including agriculture, handicrafts, and small-scale industries.

(iii) Banks have been advised to ensure that branch staff are well-informed about these new loan products so that rural women can easily access financing at their local branches.

About the Ministry of Rural Development (MoRD)
Union Minister : Shivraj Singh Chouhan
Headquarters: New Delhi
__________________________________________

KAP Sinha Appointed as New Chief Secretary of Punjab.

The government of Punjab has appointed KAP Sinha, a 1992-batch Indian Administrative Service (IAS) officer, as the chief secretary of Punjab, replacing Anurag Verma. He becomes the 43rd chief secretary of Punjab.


      - KAP Sinha will also hold additional charges as principal secretary of personnel, vigilance, and general administration.


     

     

Main Points:-   (i) Prior to this role, KAP Sinha served as special chief secretary in the departments of revenue, rehabilitation and disaster management; agriculture and farmer welfare; horticulture; and soil and water conservation.

      (ii) Anurag Verma, a 1993-batch IAS officer, served as the chief secretary of Punjab since 26th June 2023. He will now assume the roles previously held by KAP Sinha.

About Punjab
Chief minister: Bhagwant Mann
Governor: Gulab Chand Kataria
__________________________________________

The RBI has granted approval to Piramal Payment Services to launch 'Piramal Pay,' a prepaid payment instrument.

Piramal Payment Services Limited (PPSL), a subsidiary of Piramal Capital & Housing Finance Ltd (Piramal Finance), has received approval from the Reserve Bank of India (RBI) to launch a Prepaid Payment Instrument (PPI) service called 'Piramal Pay'.


      - This authorization was granted under the Payment and Settlement Systems Act, 2007.


      - With this approval, PPSL is now one of the Payment System Operators authorized by the RBI to set up and operate in India.

     

Main Points:-   'Piramal Pay' is designed to offer seamless, secure, and convenient financial transactions for both individuals and businesses.

     

About RBI
CEO : Shaktikanta Das
Headquarter : Mumbai
__________________________________________

Kotak Brands BKC station is now renamed Kotak Bandra-Kurla Complex Metro Station.

The Kotak Mahindra Group has named the BKC station on the Metro 3 Aqua Line in Mumbai (Maharashtra) as the "Kotak Bandra-Kurla Complex Metro Station."


      - Prime Minister Narendra Modi dedicated the first phase of the Aqua Line, Mumbai's first underground metro, at this newly branded station.


      - Kotak Mahindra Bank Limited (KMBL) has partnered with Mumbai Metro Rail Corporation Limited (MMRCL) to brand the station, highlighting its strong connection to the Bandra-Kurla Complex (BKC).

     

Main Points:-   (i) The station features modern facilities and amenities, including automated ticketing systems, a digital bank branch, an Automated Teller Machine (ATM), and accessibility options for all passengers.

      (ii) Kotak has secured branding rights for the BKC and Chhatrapati Shivaji Maharaj Terminus (CSMT, formerly known as VT) metro stations to boost its visibility.

(iii) These two stations are important for the Kotak Group: BKC is where the firm was founded ("Janmabhoomi"), and CSMT is its current hub.

__________________________________________

The FATF has updated its grey listing criteria to prioritize nations that pose significant risks to the global financial system.

The Financial Action Task Force (FATF) has updated its criteria for placing countries on its grey list. The main goal of these changes is to lessen the burden on Least Developed Countries (LDCs) and to concentrate on nations that pose significant risks to the global financial system.


      - FATF observed that LDCs are deeply impacted by illicit financial flows, which hinders sustainable development.


      - Every year, billions of dollars from vital public services like education and health are lost to crime, tax evasion, and corruption. Therefore, it is very important to deprive criminals of their ill-gotten gains to help these countries develop strong economies and societies.

     

Main Points:-   (i) According to the revised criteria, countries will be prioritized for active review if they meet specific referral conditions and are classified as members of the Financial Action Task Force (FATF), recognized as High Income Countries (HIC) by the World Bank—excluding those with two or fewer banks in their financial sector—and possess financial sector assets exceeding USD 10 billion, as measured by broad money.

      (ii) The Grey List includes countries that have significant weaknesses in their Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) systems.

(iii) Currently, the countries on the grey list include: Bulgaria, Burkina Faso, Cameroon, Croatia, Kenya, Congo, Haiti, Mali, Monaco, Mozambique, Namibia, Nigeria, Philippines, Senegal, South Africa, South Sudan, Syria, Tanzania, Venezuela, Vietnam, and Yemen.

About the Financial Action Task Force (FATF)
President: Elisa de Anda Modrazo
Headquarters: Paris
__________________________________________

InCorp Global has become the first company at GIFT IFSC to receive approval for a BATF license.

Singapore-based InCorp Global Pte Limited, a provider of corporate solutions and professional services, has become the first company at the Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC) to obtain a BATF (Bookkeeping, Accounting, Taxation, and Financial Crime Compliance) license.


      - This license, granted under the IFSCA (BATF Services) Regulations, 2024, allows InCorp Global to offer BATF services to businesses outside the Banking, Financial Services, and Insurance (BFSI) sectors.


      - The services covered by this license have been standardized to meet internationally recognized benchmarks.

      - A key feature of the BATF regulations is the inclusion of financial crime compliance services.

Main Points:-   (i) This development strengthens InCorp Global's capabilities in areas like Anti-Money Laundering (AML), Countering the Financing of Terrorism, and Know Your Customer (KYC) compliance.

      (ii) InCorp Global currently serves a diverse range of clients from countries including Australia, Belgium, Canada, France, Germany, New Zealand, Singapore, Switzerland, the United Arab Emirates (UAE), the United Kingdom (UK), and the United States of America (USA), among others.

(iii) The BATF regulations were introduced following a government notification on January 18, 2024. These regulations define BATF services as "financial services" according to Section 3 of the IFSCA Act, 2019.

About InCorp Global Pte Ltd
Chairman: Lennard Yong
CEO India : Manish Modi
__________________________________________

Google has initiated AI-driven collaborations to support advancements in India's health, sustainability, and agriculture sectors.

Google announced a series of AI-led collaborations focused on advancing India's healthcare, sustainability, and agriculture sectors. This initiative, revealed at a roundtable event in Bengaluru, Karnataka, marks the fifth anniversary of Google’s Research Lab in the city.


      - These partnerships aim to leverage AI to tackle challenges within these crucial sectors.


      - Forus Health, based in Bengaluru, Karnataka, focuses on AI-assisted screenings for diabetic retinopathy, aiming to prevent blindness in diabetic patients through early detection and intervention.

      - AuroLab, based in Madurai, Tamil Nadu, focuses on AI-driven healthcare solutions to support diabetic retinopathy screenings in resource-constrained communities, ensuring timely care and treatment for those in need.

Main Points:-   (i) Google is advancing AI-assisted diabetic retinopathy screenings, aiming to offer 6 million screenings over the next decade, free of charge to patients.

      (ii) Through its CircularNet model, Google seeks to enhance urban waste management by automating plastic waste sorting, supporting recycling efforts and reducing landfill impact.

(iii) Google is launching its Agricultural Landscape Understanding (ALU) API to developers, providing satellite imagery and Machine Learning insights for improved and efficient farming practices.

__________________________________________

In Formula 1, Charles Leclerc of Ferrari clinched victory at the 2024 United States Grand Prix.

Charles Leclerc from Ferrari, representg ny agaiya ing Monaco, secured the title at the 2024 Formula 1 United States Grand Prix, held on October 20, 2024, at the Circuit of The Americas in Austin, Texas, USA.


      - This victory marks Charles Leclerc's third title of the 2024 season after winning the Italy GP and Monaco GP.


      - Charles Leclerc has achieved a total of eight race wins, 26 pole positions, nine fastest laps, and 40 podiums in Formula One.

      - In Formula 1, Ferrari's Charles Leclerc secured victory at the 2024 United States Grand Prix.

Main Points:-   (i) Ferrari's Carlos Sainz secured 2nd place, while Max Verstappen of Red Bull Racing Honda RBPT finished 3r

      (ii) Note: The US GP 2024 was the 19th round of the 2024 Formula One World Championship.

(iii) i. The United States Grand Prix dates back to 1908 when it was known as the American Grand Prize in Savannah, Georgia. This Grand Prix later became part of the Formula One World Championship.

__________________________________________

"International Abhidhamma Day is Celebrated by Ministry of Culture and IBC on 17 October 2024.

International Abhidhamma Day 2024 was celebrated by the Ministry of Culture, Government of India, in collaboration with the International Buddhist Confederation (IBC) on October 17, 2024, at Vigyan Bhavan in New Delhi.


      - International Abhidhamma Day is observed worldwide to honor the descent of Lord Buddha from Tavatimsa, the heavenly realm of thirty-three divine beings, to Sankassiya (now known as Sankisa Basantapur in Uttar Pradesh).


      - The celebration of Abhidhamma Day coincides with the end of the first Rainy Retreat (Vassa) and the Pavāraṇā festival. This is a time when monks and nuns conclude their retreat period with a special ceremony.

     

Main Points:-   (i) Pavāraṇā Day is celebrated on the full moon day of the 11th lunar month, which typically falls in October.

      (ii) The celebration will bring together around 1,000 participants, including ambassadors, monks, scholars, and young experts from 14 countries. Prime Minister Modi's address will emphasize the continued relevance of Abhidhamma teachings and efforts to preserve Pali as a classical language.

__________________________________________

World Trauma Day is observed worldwide every year on October 17.

World Trauma Day is observed worldwide every year on October 17 to raise awareness about trauma. Trauma refers to injuries to the body or events that cause long-term mental or emotional harm.


      - This day serves as a platform to support trauma victims and educate people on preventive measures to avoid traumatic incidents.


      - October 17, 2024, marks the 14th observance of World Trauma Day.

     

Main Points:-   The theme for World Trauma Day 2024 is "Workplace Injuries: Prevention & Management."

     

__________________________________________

World Food Day 2024 is observed on October 16.

The United Nations (UN) World Food Day (WFD) is observed every year on October 16 to raise awareness about healthy diets, promote action against malnutrition and food security, and emphasize the need for regular access to nutritious food.


      - This day also marks the establishment of the Food and Agriculture Organization (FAO) of the UN in 1945.


     

     

Main Points:-   (i) The theme for WFD 2024 is "Right to Food for a Better Life and a Better Future."

      (ii) WFD was established in 1979 during the 20th session of the FAO Conference held in Rome, Italy.

About the United Nations (UN)
Secretary-General: António Guterres
Headquarters: New York City
__________________________________________

PM Modi has laid the foundation stone and inaugurated several development projects in Varanasi, Uttar Pradesh.

On October 20, 2024, Prime Minister Narendra Modi inaugurated and laid the foundation for several key projects in Varanasi, Uttar Pradesh, aimed at enhancing connectivity and regional development.


      - Prime Minister Modi inaugurated several airport projects in Varanasi costing over Rs 6,100 crore.


      - PM Modi inaugurated the RJ Sankara Eye Hospital in Varanasi, which will offer comprehensive consultation and treatment for various eye conditions.

     

Main Points:-   (i) PM Modi launched Phases 2 and 3 of the Varanasi Sports Complex redevelopment, worth over Rs 210 crore, under the Khelo India scheme and the Smart City mission.

      (ii) PM Modi also inaugurated tourism development initiatives in Sarnath, focusing on Buddhism-related sites.

About Uttar Pradesh
CM : Yogi Adityanath
Governor: Anandiben Patel
__________________________________________

The Ministry of New and Renewable Energy (MNRE) has approved three pilot projects for green hydrogen in the steel sector.

The Ministry of New and Renewable Energy (MNRE) has approved three pilot projects under the National Green Hydrogen Mission (NGHM) to use green hydrogen in steel production. The Government of India (GoI) has allocated ₹347 crore to support these projects, which are expected to start operating within the next three years.


      - These initiatives mark an important step towards cleaner steel-making technologies, aiming to reduce carbon emissions in the industry.


      - Matrix Gas and Renewables Limited, based in Ahmedabad, Gujarat, is leading a consortium with Gensol Engineering Ltd, IIT Bhubaneswar, and Metsol AB to develop a pilot project with a capacity of 50 tons per day (TPD).

      - Simplex Castings Limited, based in Bhilai, Chhattisgarh, is leading a consortium that includes BSBK Private Limited, Ten Eight Investment, and IIT Bhilai. Together, they are developing a pilot project with a capacity of 40 tons per day (TPD).

Main Points:-   (i) The NGHM was launched on January 4, 2023, with a total budget of ₹19,744 crore.

      (ii) Key Components of the Projects: Developing a process to produce Direct Reduced Iron (DRI) using 100% hydrogen in vertical shaft furnaces, along with injecting hydrogen into DRI production units.

(iii) Hydrogen Use in Blast Furnaces: Reducing coal and coke consumption by injecting hydrogen into blast furnaces.

About Ministry of New and Renewable Energy (MNRE)
Cabinet Minister : Pralhad Joshi
Headquarters: New Delhi
__________________________________________

GoI and Meta Launch "Scam se Bacho" Campaign in New Delhi to Combat Online Scams.

The Government of India (GoI), in partnership with Meta Platforms Inc., has launched the "Scam se Bacho" campaign in New Delhi. This national awareness initiative aims to address the rising issue of online scams.


      - The campaign, which will last for t months, was inaugurated by Sanjay Jaju, Secretary of the Ministry of Information and Broadcasting (MIB).


      - This initiative is part of a broader government strategy to enhance online security and raise awareness among citizens.

     

Main Points:-   (i) The campaign aims to raise awareness about different types of scams, such as phishing, identity theft, and financial fraud, while also equipping citizens with practical skills to recognize and avoid these threats.

      (ii) Meta has also released an educational film featuring Bollywood star Ayushmann Khurrana. The film highlights common scams people encounter in their daily lives and showcases safety features on various social media platforms that help users manage their online safety.

(iii) India is facing significant cybersecurity challenges due to the rapid advancement of technology. With over 900 million internet users, the country has seen remarkable digital growth, especially through the Digital India initiative.

About Meta Platforms Inc. (Meta)
CEO : Mark Zuckerberg
Headquarters: Menlo Park, California
__________________________________________

ICMR Study Projects Significant Increase in Cancer Cases and Deaths in India and BRICS Nations by 2045.

A recent study by the Indian Council of Medical Research (ICMR) - National Centre for Disease Informatics and Research (NCDIR) in Bengaluru (Karnataka) predicts a rise in cancer cases and deaths in India and South Africa between 2022 and 2045.


      - The study shows that oral cancer, particularly lip and mouth cancers, is most common among men in India compared to other countries. The high incidence is largely due to high tobacco consumption, both smoked and smokeless.


      - The study found that breast cancer is the most prevalent among women in all BRICS countries, except China. Cervical cancer is the second most common type among women in India and South Africa.

      - The BRICS nations account for 33.6% of new breast cancer cases globally and 36.9% of breast cancer deaths worldwide.

Main Points:-   (i) The research primarily focused on cancer cases, deaths, and their impact on the quality of life in the BRICS countries (Brazil, Russia, India, China, and South Africa).

      (ii) The study found that cancer cases in India are expected to increase by 12.8% in 2025 compared to 2020.

(iii) In India, breast cancer is the primary reason for the highest number of cancer-related deaths.

About the ICMR - NCDIR
Director: Dr. Prashant Mathur
Headquarters: Bengaluru
__________________________________________

IEA and IIT Delhi sign MoU to advance clean energy technologies and support energy transitions.

The International Energy Agency (IEA) and the Indian Institute of Technology (IIT) Delhi have signed a Memorandum of Understanding (MoU) focusing on how energy technology innovation can help reduce emissions and support clean energy transitions.


      - It identifies important areas for collaboration, such as analyzing policies to encourage energy innovation.


      - In October 2024, the IEA and IIT Delhi published a joint report titled "Clean Energy Innovation Policies in Emerging and Developing Economies." This report examines the economic opportunities and the role of policy in fostering the growth of the new energy economy in these markets.

     

Main Points:-   (i) The MoU was signed by Fatih Birol, Executive Director of IEA, at the IEA headquarters in Paris, France.

      (ii) Prof. Rangan Banerjee (Director of IIT Delhi) and Ambuj Sagar (Deputy Director for Strategy and Planning, IIT Delhi) signed it remotely.

(iii) The signing took place in the presence of Jawed Ashraf, the Indian Ambassador to France and Monaco.

About International Energy Agency (IEA)
Executive director : Fatih Birol
Headquarter : Paris, France
__________________________________________

The Assam government and ADB have partnered for a project worth ₹796 crore to restore wetlands.

The Assam government, along with the Asian Development Bank (ADB), has launched a project called 'Sustainable Wetland and Integrated Fisheries Transformation (SWIFT)' with a budget of ₹796.88 crore. This project aims to restore 129 wetlands, locally known as beels, covering an area of 3,800 hectares.


      - The initiative focuses on enhancing flood mitigation, improving water management, and supporting local fisheries.


      - The Assam State Application Centre (ASSAC) has geo-mapped the wetlands involved in the project.

      - The project involves dredging and deepening river channels to improve water flow, desilting marginal areas to enhance water retention, and constructing water pools and retaining structures for sustainable water storage and increased fish production.

Main Points:-   (i) The project funding will be split as follows: 80% from the Asian Development Bank (ADB) and 20% from the State Government.

      (ii) 2. Initially, 190 beels were identified for restoration. After using ADB's Screening Matrix for evaluation, 129 beels were selected based on their potential for ecological recovery.

(iii) M/s Electroveen Engineering Private Limited from New Delhi has already submitted the feasibility study report and the first draft of the Detailed Project Report (DPR).

About ADB
President: Masatsugu Asakawa
Headquarters: Mandaluyong, Philippines
__________________________________________

The IMF has maintained its GDP growth forecast for India at 7% for FY25 and 6.5% for FY26.

On October 22, 2024, the International Monetary Fund (IMF) published its latest report titled "October 2024 World Economic Outlook (WEO): Policy Pivot, Rising Threats." In this report, the IMF has kept India's Gross Domestic Product (GDP) growth forecast at 7% for Financial Year 2024-25 (FY25) and 6.5% for FY26.


      - According to the report, India's growth outlook is expected to slow from 8.2% in FY24 to 7% in FY25. This change is attributed to the exhaustion of pent-up demand that built up during the COVID-19 pandemic as the economy adjusts to its potential.


     

     

Main Points:-   (i) The report also estimates that global growth will remain stable at 3.2% in both 2024 and 2025. However, the global growth rate for 2025 has been slightly reduced by 10 basis points (bps) from 3.3% to 3.2%.

      (ii) Additionally, the report projects India's headline inflation rate to be 4.4% for FY25 and 4.1% for FY26.

About the International Monetary Fund (IMF)
MD : Kristalina Georgieva
Headquarters: Washington, D.C.
__________________________________________

Tata Steel CEO TV Narendran was elected chairman of the World Steel Association for 2024-25.

Thachat Viswanath (TV) Narendran, the CEO and Managing Director of Tata Steel, has been elected as the Chairman of the World Steel Association (Worldsteel) for the 2024-25 term.


      - He will take over from Leon Topalian, the CEO of Nucor Corporation based in the USA, who was the Chairman for 2023-24.


      - Narendran is the second Indian to hold the position, following Sajjan Jindal, the Chairman of JSW Group, who served as Chairman from 2021-22.

      - TV Narendran joined Tata Steel in 1988 and started in its International Trading Division.

Main Points:-   (i) As Chairman, TV Narendran will oversee important decisions and initiatives that affect the global steel sector.

      (ii) He will also be a member of the 17-member Executive Committee, working alongside other industry leaders.

(iii) Thachat Viswanath (TV) Narendran is also the Senior Vice President of the All India Management Association (AIMA).

About the World Steel Association (Worldsteel)
Established: 1967
Headquarters: Brussels, Belgium
__________________________________________

IRFC has appointed Manoj Kumar Dubey as CMD and CEO.

Manoj Kumar Dubey has been appointed as the Chairman and Managing Director (CMD) and Chief Executive Officer (CEO) of the Indian Railway Finance Corporation (IRFC), effective October 10, 2024, for a term of five years. He will succeed Shelly Verma.


      - A 1993-batch officer of the Indian Railway Accounts Service (IRAS), Dubey previously served as the Director (Finance) and Chief Financial Officer (CFO) at Container Corporation of India Limited (CONCOR) before this new role.


     

     

Main Points:-   (i) He received the National Award for Outstanding Service from the Ministry of Railways (MoR) in 2011.

      (ii) IRFC, based in New Delhi, is a Schedule A Miniratna Public Sector Enterprise (PSE) under the MoR and was incorporated in 1986.

About Indian Railway Finance Corporation (IRFC)
Chairman & MD : Manoj Kumar Dubey
Headquarters: New Delhi
__________________________________________

Gol sold a 5% stake in Cochin Shipyard Limited for ₹2,026 crore.

The Government of India (GoI) divested 5% of its stake in Cochin Shipyard Limited (CSL) through an Offer for Sale (OFS) at a price of ₹1,540 per share.


      - The total value of this stake is approximately ₹2,026 crore.


      - The aim of this sale is to attract more investment into the company and improve its operational efficiency.

      - This action is part of GoI's broader strategy to increase revenue through disinvestment in various Public Sector Undertakings (PSUs).

Main Points:-   (i) In FY25 (2024-2025), the government has raised ₹31.61 billion through various divestments, including ₹23.46 billion from its stake in the General Insurance Corporation of India (GIC Re).

      (ii) As of June 30, 2024, the Indian government held a 72.86% stake in Cochin Shipyard.

(iii) On October 16, 2024, GoI sold up to 6,577,020 equity shares, representing a 2.50% stake, as a "Base Offer" for non-retail investors. Retail investors were able to participate on October 17, 2024.

About Cochin Shipyard Limited (CSL)
CMD : Madhu S. Nair
Headquarters: Kochi, Kerala
__________________________________________

India's Arjun Erigaisi won the Wadim Rosenstein (WR) Chess Masters Cup 2024.

Indian Chess Grandmaster (GM) Arjun Erigaisi won the Wadim Rosenstein (WR) Chess Masters Cup 2024 by defeating French GM Maxime Vachier-Lagrave in an Armageddon tiebreaker.


      - The WR Chess Masters Cup 2024, organized by entrepreneur Wadim Rosenstein, took place from October 14 to 18, 2024, at the Langham Hotel in London, United Kingdom (UK).


      - Arjun Erigaisi finished at the top of the tournament with 2,797 points, followed by Nodirbek Abdusattorov from Uzbekistan in second place with 2,783 points, and Alireza Firouzja from France in third place with 2,767 points.

      - Arjun Erigaisi, from Telangana, earned his International Master title in 2017 and his Grandmaster title in 2018 at the age of 14.

Main Points:-   (i) The WR Chess Masters Cup features 16 players in a single-elimination knockout format, with each match consisting of two games.

      (ii) The winner, Arjun Erigaisi, received a cash prize of €20,000. The second-place holder received €10,000, and the third-place holder received €5,000.

(iii) Arjun Erigaisi has become the second Indian, after Viswanathan Anand, to reach a 2800 Elo rating.

__________________________________________

The CBDT has revised Income Tax Rules to simplify TDS and TCS credit claims for salaried employees.

The Central Board of Direct Taxes (CBDT) has updated the Income Tax (IT) rules to make it easier for salaried employees to claim credit for Tax Collected at Source (TCS) and Tax Deducted at Source (TDS). This change aligns with the guidelines from the Union Budget 2024-25.


      - The updates aim to resolve cash flow challenges for employees and reduce the compliance requirements associated with refund claims.


      - Sub-section (2B) of Section 192 of the Income Tax Act, 1961 has been revised to simplify TDS deductions for salaried employees. This includes all relevant TDS and TCS provisions from Chapter XVII-B and Chapter XVII-BB of the Act.

      - Employees will use this form to report TDS and TCS received from sources other than salaries, like fixed deposits, insurance commissions, dividends, and TCS on purchases such as cars or foreign currency, effective October 1, 2024.

Main Points:-   (i) Additionally, an amendment has been made to sub-section (4) of Section 206C of the Act, allowing parents to claim TCS credits when their minor child's income is included in the parent's taxable income.

      (ii) The CBDT Notification No. 114/2024 also amends Rule 37-I of the IT Rules, enabling individuals other than the collectee to claim TCS credits, in line with the new provisions.

About Central Board of Direct Taxes (CBDT)
Chairman: Ravi Agrawal
Headquarters: New Delhi
__________________________________________

Ujjivan Small Finance Bank has obtained RBI approval to offer foreign exchange services.

Ujjivan Small Finance Bank Limited (Ujjivan SFB), based in Bangalore (Karnataka), has received approval from the Reserve Bank of India (RBI) to provide foreign exchange services. This approval allows the bank to offer a variety of foreign exchange (forex) products and services.


      - Ujjivan SFB has been granted an "Authorized Dealer Category 1" license under Section 10(1) of the Foreign Exchange Management Act (FEMA), 1999. This license enables the bank to provide a broader range of foreign exchange services and transactions.


     

     

Main Points:-   In retail banking, Ujjivan Small Finance Bank (SFB) will offer a range of remittance services, including Foreign Currency Non-Resident (FCNR) deposits, Resident Foreign Currency (RFC) deposits, forex cards, currency exchange, and capital transactions. Capital transactions will encompass services like External Commercial Borrowings (ECB), Overseas Direct Investment (ODI), and Foreign Direct Investment (FDI).

     

About Ujjivan Small Finance Bank
CEO : Sanjeev Nautiyal
Headquarters : Bangalore
__________________________________________

The Ustad Allauddin Khan Festival was celebrated in Maihar, Madhya Pradesh.

The Ustad Allauddin Khan Festival (also known as the Allauddin Khan Sangeet Samaroh), celebrated in Maihar, Madhya Pradesh (MP), honors the legendary musician Ustad Allauddin Khan. The year 2024 marks the Golden Jubilee of this music festival.


      - This three-day festival, taking place from October 8 to 10, 2024, is organized by the Madhya Pradesh Culture Department, the Maihar District Administration, and the Ustad Allauddin Khan Music and Art Academy. It features performances by renowned artists from across India.


      - The event aims to celebrate and promote MP's rich musical heritage and engage the younger generation in classical music traditions.

     

Main Points:-   This festival is held annually to honor classical music and the musicians who contribute to it.

     

__________________________________________

Union Minister Piyush Goyal has launched the District Master Plan under the PM Gati Shakti initiative for 27 aspirational districts.

On October 15, 2024, Union Minister Piyush Goyal from the Ministry of Commerce and Industry launched the District Master Plan (DMP) under the PM Gati Shakti National Master Plan (NMP). This launch, aimed at developing 27 aspirational districts across India, marked three years since the PM Gati Shakti NMP was first introduced on October 13, 2024.


      - He announced that the DMP will expand to cover over 750 districts nationwide within the next 18 months.


      - During the event, he also introduced the "Guidelines for Preparing City Logistics Plans for Indian Cities," aimed at supporting cities in developing customized logistics strategies.

      - The NMP scope now includes mapping social infrastructure like power lines, schools, and hospitals through the "Area Development Approach."

Main Points:-   (i) District Master Plan was launched on October 13, 2021, by Prime Minister Narendra Modi at Pragati Maidan, New Delhi, with a budget allocation of ₹100 lakh crore.

      (ii) Developed as a Digital Master Planning tool by the Bhaskaracharya National Institute for Space Applications and Geoinformatics (BISAG-N) in Gujarat, using a dynamic Geographic Information System (GIS) platform that integrates data from action plans of all ministries and departments into a comprehensive database.

__________________________________________

ACC Extends Tenure of Registrar General Mritunjay Kumar Narayan; Appoints Praveen Vashista as Special Secretary, MNA.

The Appointments Committee of the Cabinet (ACC) has approved the extension of Mritunjay Kumar Narayan's tenure as Registrar General beyond December 6, 2024, extending it until August 4, 2026, or until further orders, whichever comes first.


      - Mritunjay Kumar Narayan is a 1995-batch Indian Administrative Service (IAS) officer from the Uttar Pradesh (UP) cadre. He became the Registrar General and Census Commissioner of India in November 2022.


      - With over 25 years of experience, he has excelled in various roles within both the Uttar Pradesh State Government and the Government of India (GOI).

      - He will play a key role in the upcoming Census of India exercises, which have been postponed multiple times since 2021.

Main Points:-   (i) The Appointments Committee of the Cabinet (ACC) has appointed Senior Indian Police Service (IPS) officer Praveen Vashista as the Special Secretary (Internal Security) in the Ministry of Home Affairs (MHA).

      (ii) - Praveen Vashista will hold the position until July 31, 2026, the date of his superannuation, or until further orders, whichever comes first.

About the Ministry of Home Affairs (MHA)
Union Minister: Amit Shah
Headquarters: New Delhi
__________________________________________

The IndiaAI mission has chosen eight projects aimed at promoting the development of Safe and Trusted AI.

The IndiaAI mission has chosen eight responsible Artificial Intelligence (AI) projects through an Expression of Interest (EoI) under its Safe and Trusted AI Pillar.


      - These projects focus on developing homegrown tools and frameworks, as well as creating guidelines for ethical, transparent, and trustworthy AI technologies.


     

     

Main Points:-   (i) The IndiaAI mission has released an Expression of Interest (EoI) to promote responsible AI projects focusing on several critical themes, including Machine Unlearning, Synthetic Data Generation, AI Bias Mitigation, Ethical AI Frameworks, Privacy-Enhancing Tools, Explainable AI, AI Governance Testing, and Algorithm Auditing Tools.

      (ii) More than 2,000 proposals were submitted by esteemed academic institutions, startups, research organizations, and civil society.

About the Ministry of Electronics and Information Technology (MeitY)
Union Minister: Ashwini Vaishnaw
Headquarters: New Delhi
__________________________________________

The Supreme Court of India has affirmed that Section 6A of the Citizenship Act is a valid law.

The Supreme Court of India (SCI) upheld the constitutionality of Section 6A of the Citizenship Act, 1955, with a majority vote of 4:1.


      - The court stated that Section 6A does not violate Articles 6 and 7 of the Constitution, which relate to citizenship rights established in 1950.


      - Section 6A specifically addresses migrants from the former East Pakistan (now Bangladesh) who entered Assam between January 1, 1966, and March 24, 1971.

     

Main Points:-   (i) The majority of the judges, including Chief Justice of India (CJI) Dhananjaya Yeshwant (DY) Chandrachud, and Justices Surya Kant, M.M. Sundresh, and Manoj Misra, supported Section 6A of the Citizenship Act, 1955. Justice Jamshed Burjor (JB) Pardiwala disagreed with this verdict.

      (ii) The Court ruled that changes in demographics do not infringe upon cultural rights protected under Article 29(1). It emphasized that different cultures can coexist peacefully within Indian society.

About the Supreme Court of India (SCI):
Secretary General: Atul Madhukar Kurhekar
Headquarters: New Delhi
__________________________________________

The Government of India has extended the "Samarth" scheme for capacity building in the textiles sector until March 2026.

The Government of India (GOI) has decided to extend the Samarth Scheme for Capacity Building in the Textiles Sector (SCBTS), a demand-driven and placement-oriented skilling program under the Ministry of Textiles (MoT), for an additional two years—Financial Year 2024-25 (FY25) and FY26.


      - The scheme has a budget of ₹495 crore aimed at training 3 lakh individuals in textile-related skills.


      - The scheme aims to promote job creation in organized textile and related sectors, covering the entire textile value chain except spinning and weaving.

      - In addition to entry-level skills, the scheme also offers upskilling and reskilling programs to enhance the productivity of existing workers in the apparel and garmenting segments.

Main Points:-   (i) So far, under the Samarth scheme, the MoT, through its partners, has trained 3.27 lakh individuals, with 2.65 lakh (nearly 80%) employed and 2.89 lakh (88.3%) being women.

      (ii) Andhra Pradesh, Telangana, Haryana, Jharkhand, and Gujarat are the leading states in textile and clothing manufacturing in India

__________________________________________

UNFPA Honored India's Leadership in Maternal Health and Family Planning.

The United Nations Population Fund (UNFPA) has acknowledged India's impressive progress in improving maternal health and family planning.


      - Natalia Kanem, Executive Director of UNFPA, presented a plaque and certificate to Punya Salila Srivastava, Secretary of the Ministry of Health and Family Welfare (MoHFW), Government of India (GoI). This recognition emphasizes UNFPA's strong commitment to partnering with India to enhance women's health and well-being.


     

     

Main Points:-   (i) The MoHFW aims to improve maternal health and achieve zero preventable maternal deaths through initiatives like the Surakshit Matritva Aashwasan Yojana (SUMAN), Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA), and the Midwifery Services Initiative.

      (ii) Kanem praised India's significant achievement in reducing the Maternal Mortality Ratio (MMR) by 70% from 2000 to 2020, putting the country on track to reach the Sustainable Development Goal (SDG) target of an MMR below 70 by 2030.

(iii) As UNFPA celebrates 50 years of collaboration with the Government of India, this event underscores their joint commitment to improving the health and well-being of every woman and young person in India, as the nation strives toward the goal of 'Viksit Bharat' (Developed India).

About United Nations Population Fund (UNFPA)
President: Fernando Carrera
Headquarters: New York
__________________________________________

President Droupadi Murmu’s Key Highlights from Visits to Algeria, Mauritania, and Malawi.

From October 13 to 19, 2024, President Droupadi Murmu undertook a three-nation tour to Algeria, Mauritania, and Malawi with the goal of strengthening India’s bilateral ties with these African nations.


      - On October 14, 2024, President Murmu was awarded an Honorary Doctorate in Political Science by Sidi Abdellah Science and Technology Pole University in Algiers.


      - The visit was the first-ever visit by the President of India to the three African nations and came a year after the African Union was made a permanent member of G 20 during India's Presidency.

     

Main Points:-   (i) President Murmu held a bilateral meeting with Mauritanian President Mohamed Ould Ghazouani on October 16, 2024, and also took part in delegation-level discussions to enhance cooperation.

      (ii) In Malawi, she met with President Lazarus Chakwera to further develop the India-Malawi partnership.

(iii) During the visit, President Murmu was accompanied by Union Minister of State Sukanta Majumdar, and MPs Mukeshkumar Dalal and Atul Garg.

About Algeria
Prime minister: Nadir Larbaoui
President: Abdelmadjid Tebboune
__________________________________________

According to Worldline Report, UPI transaction volume soared by 52%, reaching 78.97 billion in the first half of 2024.

According to the Worldline report titled "India Digital Payments Report for 1H 2024," the Unified Payments Interface (UPI) has continued to dominate the digital payments landscape.


      - In the first half of 2024 (from January to June), the total number of UPI transactions grew by 52% compared to the previous year, rising from 51.9 billion in the first half of 2023 to 78.97 billion in 2024.


      - The report emphasized that electronic commerce (e-commerce), gaming utilities, government services, and financial services collectively represented nearly 81% of the total transaction volume and 74% of the transaction value.

     

Main Points:-   (i) The report also noted that the value of these UPI transactions increased by 40%, going from Rs 83.16 trillion in the first half of 2023 to Rs 116.63 trillion in 2024.

      (ii) Additionally, the number of UPI transactions rose significantly from 8.03 billion in January 2023 to 13.9 billion in June 2024. A similar trend was observed in the transaction value, which increased from Rs 12.98 trillion in January 2023 to Rs 20.07 trillion in June 2024.

About Worldline
CEO : Marc-Henri Desportes
CEO of Worldline India: Ramesh Narasimhan
__________________________________________

Sohan Lal Commodity Management Limited (SLCM) Partners with PNB & Bandhan Bank to Offer Management Solutions.

Sohan Lal Commodity Management Limited (SLCM), based in New Delhi, has teamed up with Punjab National Bank (PNB) and Bandhan Bank Limited (based in Kolkata) to provide "Unified Collateral Management Solutions" aimed at improving the agricultural sector.


      - This partnership addresses important issues related to post-harvest storage and financing, ultimately helping farmers and agri-businesses.


     

     

Main Points:-   (i) SLCM uses its AI-powered app, 'Agri Reach,' to improve the efficiency of post-harvest credit and storage services for both banks.

      (ii) The Agri Reach app has been recognized for reducing post-harvest losses from 10% to just 0.5%, irrespective of crop type or location.

About PNB
MD & CEO : Atul Kumar Goel
Headquarters: New Delhi
__________________________________________

RBI Census reveals that the USA remains the largest source of FDI in India.

According to the Reserve Bank of India's (RBI) annual Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2023-24, the United States (USA) remains the largest source of Foreign Direct Investment (FDI) in India, followed by Mauritius, Singapore, and the United Kingdom (UK).


      - The latest census covered 41,653 entities, of which 37,407 reported FDI and Overseas Direct Investment (ODI) in their balance sheets for March 2024.


     

     

Main Points:-   (i) According to the RBI census, non-financial companies (NFCs) accounted for about 90% of the total FDI equity at face value.

      (ii) The total FDI in India increased by 23.3% in market value (in rupee terms) during the financial year 2023-24 (FY24). This rise was mainly due to large valuation gains and new FDI inflows, while ODI growth was much lower at 3.4%.

About RBI
CEO : Shaktikanta Das
Headquarter : Mumbai
__________________________________________

Indian Army Launches Multi-Target Detonation Device "Agniastra" in Gangtok.

On October 11, 2024, the Indian Army's Chief of the Army Staff (COAS), General Upendra Dwivedi, launched "Agniastra," a multi-target portable detonation device (WEDC), during the Army Commanders Conference (ACC) held in Gangtok, Sikkim.


      - The device was developed by Major Rajprasad RS from the Indian Army's Corps of Engineers.


      - The device was patented on March 19, 2024, highlighting its innovative design and technology.

     

Main Points:-   (i) The WEDC was designed to enhance the safety and reliability of executing multiple-target detonations, addressing the shortcomings of older systems like the Exploder Dynamo Capacitor.

      (ii) The Agniastra device significantly increases the operational range to 2.5 kilometers, compared to its predecessor's limited 400-meter range. This allows for greater tactical flexibility.

(iii) Union Minister Rajnath Singh from the Ministry of Defence (MoD) delivered the keynote address at the conference virtually.

__________________________________________

Former Rajya Sabha MP Dhaneswar Majhi died at 83.

Former Rajya Sabha MP and esteemed tribal leader Dhaneswar Majhi passed away at 83 in Kalahandi, Odisha. Born on July 5, 1941.


      - He was a five-time Member of the Legislative Assembly (MLA), representing the Kesinga and Narla constituencies in Kalahandi district, Odisha.


      - He was first elected to the Odisha Assembly in 1971 and served multiple terms until 2014.

     

Main Points:-   (i) Additionally, he was a member of the Rajya Sabha from 1978 to 1984 as a member of the Janata Party (JP).

      (ii) He was associated with various political parties, including the Janata Dal, Biju Janata Dal (BJD), and Bharatiya Janata Party (BJP).

__________________________________________

World Students' Day (WSD) is annually observed on 15 October.

World Students' Day (WSD) is observed annually on 15 October to commemorate the birth anniversary of Dr. APJ Abdul Kalam, the 11th President of India (2002-2007), affectionately known as the Missile Man of India.


      - 15 October 2024 marks the 93rd birth anniversary of Dr. APJ Abdul Kalam. The day honors the contributions of students and promotes awareness about the importance of education.


     

     

Main Points:-   (i) The theme of World Students' Day (WSD) 2024 is "Empowering Students to be Agents of Change."

      (ii) This theme encourages students to take responsibility for their education and future by recognizing themselves as leaders and innovators.

__________________________________________

Former Indian Wrestler Sakshi Malik Unveils Memoir Titled "Witness".

Sakshi Malik, renowned Indian freestyle wrestler and Olympic bronze medalist, has released her memoir, Witness, co-authored by journalist Jonathan Selvaraj. The memoir provides a heartfelt look into her life, chronicling her struggles, achievements, and unyielding spirit in the wrestling world and beyond.


      - Published by Juggernaut Books, the memoir explores Malik's rise to fame, from her childhood in Rohtak, Haryana, to her journey as a pioneering figure for women in sports.


      - She won gold at the 2022 Commonwealth Games in Birmingham, England, and the 2017 Commonwealth Championships in Johannesburg, South Africa.

     

Main Points:-   (i) Malik earned a bronze medal in the 58 kg category, becoming India’s first female wrestler to win an Olympic medal.

      (ii) In 2023, she retired from wrestling to protest Brij Bhushan Sharan Singh’s election to the Wrestling Federation of India (WFI).

(iii) The Government of India awarded her the Arjuna Award in 2016 (Wrestling) and the Padma Shri in 2017 (Sports).

__________________________________________

International Day for the Eradication of Poverty Observed on October 17 by the United Nations.

The United Nations (UN) observes the International Day for the Eradication of Poverty (IDEP) annually on October 17 to foster understanding and dialogue between people living in poverty and the wider society.


      - October 17, 2024, marks the 32nd commemoration of IDEP.


     

     

Main Points:-   (i) The theme for IDEP 2024 is "Ending Social and Institutional Maltreatment: Acting Together for Just, Peaceful, and Inclusive Societies."

      (ii) On December 22, 1992, the United Nations General Assembly (UNGA) adopted resolution A/RES/47/196, designating October 17 of each year as the International Day for the Eradication of Poverty.

(iii) The first UN-recognized IDEP was observed on October 17, 1993.

__________________________________________

Former Indian Spinner Neetu David Inducted into ICC Hall of Fame Alongside AB de Villiers and Alastair Cook.

Former Indian spinner Neetu Lawrence David, along with South Africa's legendary cricketer AB de Villiers and former England captain Sir Alastair Cook, has been inducted into the International Cricket Council (ICC) Hall of Fame as part of the Class of 2024.


      - With this induction, Alastair Cook, Neetu David, and AB de Villiers are now the 113th, 114th, and 115th members of the Hall of Fame, which honors cricket legends.


     

     

Main Points:-   The Class of 2024 induction ceremony will take place in Dubai, United Arab Emirates (UAE), coinciding with the conclusion of the Women's T20 World Cup 2024.

     

About the International Cricket Council (ICC)
Chairman: Greg Barclay
Headquarters: Dubai
__________________________________________

President Murmu confers 2023 National Water Awards with Odisha winning Best State.

On 22nd October 2024, President of India, Droupadi Murmu, conferred the 5th National Water Awards (NWAs) for the year 2023 to 38 winners, including joint winners, across 9 categories such as: Best Village Panchayat, Best Urban Local Body (ULB), Best Industry, Best Water User Association, Best Institution (non-school or college), and Best Civil Society.


      - The awards were presented at a ceremony held at the Plenary Hall, Vigyan Bhawan, New Delhi.


     

     

Main Points:-   (i) Odisha secured the 1st prize in the Best State category at the 2023 National Water Awards, followed by Uttar Pradesh (UP) in 2nd place, and Gujarat and the Union Territory (UT) of Puducherry, with state legislature, jointly in 3rd place.

      (ii) Aravali Power Company Private Limited (APCPL), based in Jhajjar, Haryana, received the Best Industry award for 2023.

About Odisha
CM : Mohan Charan Majhi
Governor : Raghubar Das
__________________________________________

ICC Women's T20 World Cup 2024 New Zealand won its maiden title by defeating South Africa.

New Zealand's Women's Cricket team secured their first-ever International Cricket Council (ICC) Women's Twenty20 (T20) World Cup title by defeating South Africa's Women's cricket team by 32 runs in the finals held at the Dubai International Cricket Stadium, United Arab Emirates (UAE).


      - New Zealand set a target of 158-5, while South Africa was restricted to 126-9 in their 20 overs.


      - This victory marks New Zealand's first since their One Day International (ODI) World Cup win in 2000.

      - The New Zealand team, known as the Kiwis, was captained by Sophie Devine, while South Africa, known as the Proteas, was led by Laura Wolvaardt.

Main Points:-   (i) New Zealand received USD 2.34 million (Rs 19.6 crore) as the cash prize, while South Africa received USD 1.17 million (Rs 9.8 crore). Amelia Kerr from New Zealand was named Player of the Tournament, and she also received the Player of the Match award for the finals.

      (ii) Amelia Kerr became the first player to win both Player of the Tournament and Player of the Match in the Women’s T20 World Cup, scoring 43 runs in the finals and taking 15 wickets in total.

(iii) Suzie Bates became the most-capped player in international matches with 334 appearances, surpassing Mithali Raj's record of 333.

__________________________________________

Islamabad hosted the 23rd SCO CHG Meeting, which centered on the trade and economic agenda.

The 23rd Meeting of the Shanghai Cooperation Organization (SCO) Council of Heads of Government (CHG) took place on October 16, 2024, in Islamabad, Pakistan, led by Prime Minister Shehbaz Sharif.


      - The summit focused on regional security, trade, economic cooperation, and counter-terrorism efforts.


      - Union Minister Subrahmanyam Jaishankar from India’s Ministry of External Affairs (MEA) addressed the meeting. He was the first Indian foreign minister to visit Pakistan in almost ten years.

     

Main Points:-   Note: Russia will host the SCO CHG in 2025

     

About the Shanghai Cooperation Organization (SCO):
Secretary-General: Zhang Ming
Headquarters: Beijing, China.
__________________________________________

The Government of India and the GBA have signed an agreement to establish a GBA Secretariat in India.

The Government of India (GOI) has signed a Host Country Agreement (HCA) with the Global Biofuels Alliance (GBA) to officially set up the GBA Secretariat in India. This agreement was made during a ceremony in New Delhi.


      - This initiative enhances India's role as a global leader in sustainable energy and emphasizes the country’s commitment to promoting biofuels.


      - This agreement, following the Union Cabinet's approval on October 3, 2024, allows the GBA Secretariat to operate in India with a mix of Indian and international staff.

     

Main Points:-   (i) The agreement was signed by Dammu Ravi, Secretary (Economic Relations) from the Ministry of External Affairs (MEA), and Pankaj Jain, Secretary of the Ministry of Petroleum and Natural Gas (MoPNG), who is also the Interim Director General of the GBA.

      (ii) The HCA provides the GBA with legal recognition, including privileges and immunities under the United Nations (Privileges and Immunities) Act of 1947, ensuring smooth operations within India’s legal system.

Ministry of Petroleum and Natural Gas (MoPNG)
Union Minister: Hardeep Singh Puri
Headquarters: New Delhi
__________________________________________

Education Minister Dharmendra Pradhan Announces 3 AI Centers of Excellence for Healthcare, Agriculture, and Sustainable Cities.

On October 15, 2024, Union Minister Dharmendra Pradhan from the Ministry of Education (MOE) announced the establishment of three Artificial Intelligence (AI) Centers of Excellence (CoEs) focused on Healthcare, Agriculture, and Sustainable Cities at an event in New Delhi.


      - This initiative aims to strengthen India's capabilities in AI-driven research and innovation.


      - An industry-focused Apex Committee, co-chaired by Sridhar Vembu, Founder and CEO of Zoho Corporation, will oversee the implementation of this initiative.

     

Main Points:-   (i) These CoEs were announced under Paragraph 60 of the Budget Announcement for 2023-24.

      (ii) The Government of India (GoI) has allocated ₹990 crore for these centers, which will be implemented over five years (FY 2023-24 to FY 2027-28).

__________________________________________

DPIIT has relaxed the mandatory quality control order for cookware and utensils specifically for micro units.

On October 15, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoCI) announced important relaxations in the mandatory Quality Control Order (QCO) for cookware and utensils, specifically for micro units.


      - This initiative aims to improve the ease of doing business while supporting domestic manufacturing.


      - The Quality Control Order (QCO) was amended and renamed to "Cookware, Utensils, and Cans for Foods and Beverages (Quality Control) Order, 2024." It was notified on March 15, 2024, and was set to take effect on September 1, 2024, for large and medium-scale manufacturers, as well as foreign manufacturers.

      - The QCO will now be implemented from April 1, 2025. For small enterprises, it will be effective from July 1, 2025, and for micro enterprises, it will start on October 1, 2025.

Main Points:-   (i) The QCO was initially issued in August 2023 to reduce imports of sub-standard goods and encourage local production in the cookware, utensils, and food and beverage cans sectors.

      (ii) Micro-enterprises registered under the Udyam portal, with investments in plant and machinery not exceeding ₹25 lakh and a turnover below ₹2 crore, are now exempt from QCO requirements.

(iii) The DPIIT has also introduced exemptions for importing up to 200 units of cookware, utensils, and cans for research and development (R&D) purposes.

About Department for Promotion of Industry and Internal Trade (DPIIT)
MD & CEO : Nivruti Rai
Headquarters: New Delhi
__________________________________________

The WHO secured $1 billion for 2025-28, including $700 million in new funding.

The World Health Organization (WHO) announced that it has secured $1 billion in pledges for its upcoming budget for 2025-28.


      - Out of this, nearly $700 million comes from new funding commitments made by various European nations, foundations, and organizations. The remaining $300 million is from previous commitments by the European Union (EU) and the African Union (AU).


      - The announcement was made during the WHO Investment Round Signature Event, co-hosted by Germany, France, and Norway, at the World Health Summit in Berlin, Germany.

     

Main Points:-   (i) Germany has become the largest contributor to the WHO's funding among all European nations, pledging nearly $400 million over four years, including $260 million in new voluntary funding.

      (ii) Other European countries, such as the European Union (EU), Norway, and Ireland, have committed $250 million, $100 million, and $30 million, respectively, to the WHO budget for 2024-28.

About the World Health Organization (WHO)
DG : Dr. Tedros Adhanom Ghebreyesus
Headquarters: Geneva, Switzerland
__________________________________________

India Exim Finserve has partnered with VoloFin to improve receivables finance solutions for Indian SME exporters.

India Exim Finserve IFSC Private Limited, based in Gandhinagar, Gujarat, is a wholly owned subsidiary of the Export-Import Bank of India (India Exim Bank). It has teamed up with Singapore-based VoloFin Services Private Limited to offer comprehensive receivables financing solutions to Indian exporters.


      - This collaboration aims to support underserved Small and Medium-sized Enterprises (SMEs) that are crucial for the country's economic growth.


      - It will also address significant trade finance gaps and facilitate open account trading between India and its trade partners.

     

Main Points:-   (i) As part of this initiative, New India Assurance Company Limited, supported by global reinsurer Atradius, has launched a first-of-its-kind trade finance insurance policy from GIFT City, Gujarat.

      (ii) This strategic collaboration between VoloFin, India Exim Bank, and New India Assurance is set to significantly enhance India's trade ecosystem, especially for SMEs.

(iii) Atradius, based in the Netherlands, is a global leader in credit insurance and risk management, operating in over 50 countries.

__________________________________________

LIC has reduced the first-year agent payout to 28% following a revision of the surrender value.

The Life Insurance Corporation of India (LIC) has reduced the first-year agent commission from 35% to 28% (including a bonus) after revising its surrender value norms. The commission has also decreased from 25% to 20% (without bonus).


      - The new surrender norms became effective from October 1, 2024.


      - The commission for renewal premiums has increased from 5% to 7.5%.

      - The minimum sum assured on the revised policies has been raised from ₹1 lakh to ₹2 lakhs.

Main Points:-   (i) The upper age limit for purchasing LIC's new endowment plan has been revised from 55 to 50 years.

      (ii) Premiums on life insurance products have increased by an average of 8-9%.

(iii) These modifications are in line with the Insurance Regulatory and Development Authority of India (IRDAI) master circular on life insurance products (Insurance Products Regulations, 2024) issued in June 2024.

About LIC
Chairperson: Siddhartha Mohanty
Headquarters: Mumbai
__________________________________________

India has pledged $300 million to the WHO, with $250 million allocated for the Centre of Excellence (CoE) for Traditional Medicine.

India, the sixth-largest global contributor to the World Health Organization (WHO), has pledged over $300 million to support the WHO's core programs from 2025 to 2028.


      - Approximately $250 million will be allocated for establishing the Centre of Excellence (CoE) for Traditional Medicine in Jamnagar, Gujarat.


     

     

Main Points:-   (i) The WHO has received contribution pledges totaling over $2.2 billion to address a funding gap of $7.1 billion for core programs aimed at saving 40 million lives over four years.

      (ii) In addition to funding the traditional medicine center, $38 million has been allocated for new premises for WHO's regional office, $10 million for digital health, and $4.6 million for thematic funding.

(iii) Countries in the WHO's South-East Asia Region have collectively committed over $345 million, with further pledges expected from Indonesia and Bhutan.

About WHO
Director-General: Tedros Adhanom Ghebreyesus
Headquarters: Geneva, Switzerland
__________________________________________

NSSO has released the PLFS for 2023-24, highlighting trends among religious minorities.

The National Sample Survey Office (NSSO), part of the Ministry of Statistics and Programme Implementation (MOSPI), has released the "Periodic Labour Force Survey (PLFS) for July 2023 to June 2024." This survey shows that unemployment rates among India's religious minorities increased during this period.


      - The overall national unemployment rate remained steady at 3.2% for the first time in five years, but joblessness among minorities, especially Sikhs and Muslims, rose significantly.


     

     

Main Points:-   (i) In 2023-24, unemployment was higher for all minorities in urban areas compared to rural areas, highlighting the ongoing challenges these communities face.

      (ii) The survey indicates that Sikhs experienced the highest unemployment rate among religious minorities, increasing from 5.1% in 2022-23 to 5.8% in 2023-24.

__________________________________________

Global Handwashing Day Celebrated on October 15, 2024.

Global Handwashing Day (GHD) is celebrated every year on October 15 worldwide to promote the importance of handwashing with soap and water as a key practice to prevent infections and diseases.


      - The 17th Global Handwashing Day falls on October 15, 2024, with the theme "Why are clean hands still important?" to highlight the ongoing significance of hygiene.


     

     

Main Points:-   (i) Global Handwashing Day was established by the Global Handwashing Partnership (GHP) in August 2008 during the annual World Water Week in Stockholm, Sweden.

      (ii) The inaugural Global Handwashing Day was observed on October 15, 2008.

__________________________________________

CCPA Releases Guidelines to Prevent and Regulate Greenwashing and Misleading Environmental Claims.

The Central Consumer Protection Authority (CCPA) has issued guidelines called 'Guidelines for Prevention and Regulation of Greenwashing or Misleading Environmental Claims, 2024.' These guidelines aim to stop and regulate greenwashing and misleading environmental claims.


      - This initiative tackles the increasing issue of false marketing practices that confuse consumers about the environmental benefits of products, while also promoting sustainable business practices.


      - The primary goal of these guidelines is to shield consumers from misleading information while promoting genuine environmental responsibility within the business community.

     

Main Points:-   A committee, headed by Nidhi Khare (Secretary of the Department of Consumer Affairs, MoCA), which included members from academia, legal experts, consumer organizations, and industry representatives, developed these guidelines after thorough discussions.

     

Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD)
Union Minister: Pralhad Joshi
secretary : Sanjeev Chopra
__________________________________________

The RBI has approved the merger of Tata Capital and Tata Motors Finance.

The Reserve Bank of India (RBI) has approved the merger of Tata Motors Finance Limited (TMFL) with Tata Capital Limited (TCL), making it India’s 12th largest Non-Banking Finance Company (NBFC).


      - As part of the merger, TCL will issue its equity shares to TMFL shareholders, resulting in Tata Motors Limited (TML) holding a 4.7% stake in the new entity.


      - As of March 31, 2024, Tata Sons owns 92.83% of Tata Capital, with the remaining shares held by other Tata Group companies and trusts.

     

Main Points:-   (i) The merger received RBI approval after endorsements from the Competition Commission of India (CCI) and the boards of both companies.

      (ii) Tata Capital aims to expand its customer base in the growing markets for commercial vehicle and passenger car financing through this merger.

(iii) The RBI has imposed a monetary penalty of ₹14 lakh on Arunachal Pradesh Rural Bank for not complying with certain directives related to "Strengthening of Prudential Norms - Provisioning, Asset Classification, and Exposure Limit," as well as "Know Your Customer (KYC)" regulations.

About RBI
CEO : Shaktikanta Das
Headquarter : Mumbai
__________________________________________

SKYBER has partnered with Sibia to sell India-made UAVs in the Middle East and Africa (MEA) region.

SKYBER Aerospace Private Limited, an advanced air mobility company, has announced a strategic partnership with Sibia Technologies, based in Dubai (United Arab Emirates - UAE). This collaboration aims to market and sell India-made Unmanned Aerial Vehicles (UAVs) throughout the Middle East and Africa (MEA).


      - The MEA region is projected to have a market size of USD 5.3 billion by 2029, offering significant opportunities in both government and commercial sectors.


      - Sibia will provide operator training and ensure compliance with local regulations, facilitating smooth operations with readily available spare parts and support services.

     

Main Points:-   (i) As part of this partnership, SKYBER will provide high-performance customized military UAV systems to enhance defense capabilities in the MEA region. Sibia will manage local sales, marketing, customer relations, and logistics.

      (ii) The UAVs will include advanced data security features, AI-powered navigation, and autonomous capabilities. Future upgrades will add high-precision sensors.

(iii) These systems will be designed to withstand the extreme weather conditions common in the region, ensuring they are reliable in various environments.

About SKYBER Aerospace Private Limited
CEO : Joseph George
Headquarters: - Bengaluru
__________________________________________

India has extended its first-ever rupee-denominated Line of Credit (LoC), granting Mauritius ₹487.60 crore.

The Government of India (GoI) has provided a new Line of Credit (LoC) of ₹487.60 crore to the Government of Mauritius to fund a water pipeline replacement project. This marks India’s first-ever rupee-denominated LoC for project financing to any country under the Indian Development and Economic Assistance Scheme (IDEAS).


      - The formal offer for this project was made by Union Minister Subrahmanyam Jaishankar from the Ministry of External Affairs (MEA) to Maneesh Gobin, the Mauritian Attorney General and Minister of Agro-Industry and Food Security, and it was accepted by the Government of Mauritius.


      - The financing will be provided by the State Bank of India (SBI) on concessional terms.

     

Main Points:-   (i) The project involves replacing nearly 100 kilometers (km) of outdated water pipelines in Mauritius.

      (ii) Its goal is to improve water supply infrastructure and ensure reliable access to clean water for residents.

(iii) IDEAS (formerly known as the India Development Initiative) is an initiative under the Ministry of External Affairs (MEA) aimed at providing concessional loans for infrastructure and social welfare projects across Asia (excluding Bangladesh, Nepal, and Bhutan), Africa, the Commonwealth of Independent States (CIS), and Latin America.

About Mauritius
PM : Pravind Jugnauth
Capital: Port Louis
__________________________________________

Noel Naval Tata has succeeded Ratan Tata as the chairman of the Sir Ratan Tata Trusts.

Noel Naval Tata, the half-brother of Ratan Tata, has been unanimously chosen by the Board members of the Sir Ratan Tata Trusts as the new chairman, taking over all trusts under its umbrella. He will succeed Ratan Tata, who passed away at the age of 86 on October 9, 2024.


      - Currently, Noel Naval Tata is the chairman of several companies, including Trent Limited, Tata International Ltd, Voltas Ltd, and Tata Investment Corporation Ltd. He also serves as the vice chairman of Tata Steel Ltd and Titan Company Ltd.


     

     

Main Points:-   Tata Trusts holds a 66% stake in Tata Sons. Additionally, 12.87% is owned by various Tata Group companies, while 18.4% is held by the Shapoorji Pallonji family.

      (ii) Noel Naval Tata began his career at Tata International and became the Managing Director (MD) of Trent in 1999.

__________________________________________

Union Minister Nitin Gadkari Addresses 12th CII Bioenergy Summit in Delhi.

Union Minister for Road Transport and Highways Shri Nitin Gadkari, reaffirmed the government’s commitment to advancing ethanol blending and biofuel initiatives at the 12th CII Bioenergy Summit 2024.


      - The theme was "Fueling the Future - Securing India's Green Growth Goals."


      - Hindi Highlighting the success of ethanol blending in India, Shri Gadkari noted that ethanol blending in petrol has surged from 1.53% in 2014 to 15% in 2024, with a target to reach 20% by 2025.

     

Main Points:-   (i) Research is underway to explore blending 15% ethanol in diesel as well, as part of the government’s strategy to reduce fossil fuel dependency.

      (ii) Union Minister emphasized the creation of an ethanol ecosystem, which includes the establishment of 400 ethanol pumps by Indian Oil Corporation in four states—Karnataka, Tamil Nadu, Uttar Pradesh, and Maharashtra.

(iii) Shri Nitin Gadkari highlighted the need to reduce India’s ₹22 lakh crore fossil fuel import, underscoring biofuel as essential for energy self-reliance and agricultural prosperity. He urged expanding farmers' roles from "Annadata" (food-giver) to "Urjadata" (energy-giver) and "Hydrogen-Data" (hydrogen-giver).

About Confederation of Indian Industry (CII)
President: Sanjiv Puri
Headquarters: New Delhi
__________________________________________

External Affairs Minister Subrahmanyam Jaishankar launches the e-Migrate V2.0 web portal and mobile app to enhance global mobility safety.

On October 14, 2024, Union Minister Dr. Subrahmanyam Jaishankar from the Ministry of External Affairs (MEA) and Union Minister Mansukh Mandaviya from the Ministry of Labour and Employment (MoLE) launched the e-Migrate V2.0 web portal and mobile app at Sushma Swaraj Bhawan in New Delhi.


      - This initiative aims to ensure safer and more regulated overseas travel for Indian workers.


      - It supports Goal 10 of the United Nations' 2030 Agenda for Sustainable Development, which focuses on "reducing inequality within and among countries."

     

Main Points:-   (i) The upgraded portal includes a helpline available around the clock to assist migrants with urgent issues.

      (ii) The portal integrates with DigiLocker, allowing for safe storage of important documents.

(iii) In partnership with the State Bank of India (SBI), the portal enables digital payment services without any transaction fees.

About the Ministry of External Affairs (MEA)
Union Minister: Dr. Subrahmanyam Jaishankar
Headquarters: New Delhi
__________________________________________

Union Minister Nitin Gadkari launched the 'Humsafar Policy' to onboard service providers for wayside amenities along national highways.

Union Minister Nitin Gadkari, from the Ministry of Road Transport & Highways (MoRTH), launched the 'Humsafar Policy' in New Delhi to enhance the convenience of traveling on National Highways (NHs) and accelerate the development of wayside amenities, with Minister of State Ajay Tamta present.


      - The Humsafar Policy will introduce facilities such as clean toilets, baby care rooms, provisions for wheelchairs, Electric Vehicle (EV) charging stations, parking spaces, and dormitory services at fuel stations along the highways.


      - The policy is designed to establish a comprehensive framework that guarantees commuters access to standardized, well-maintained, and hygienic facilities by integrating both current and future service providers along NHs and Expressways.

     

Main Points:-   Commuters can quickly access details of nearby service providers through the mobile application "Rajmarg Yatra," launched by the National Highways Authority of India (NHAI) in August 2023.

     

__________________________________________

India is making strides in the 6G race, ranking among the top six countries globally in patent filings.

According to various studies, India ranks among the top six countries in the world for filing patents related to 6G technology, highlighting India’s potential impact on the 6G standard-setting process.


      - This progress aligns with Prime Minister Narendra Modi's vision to position India as a key contributor in the design, development, and deployment of 6G technology by 2030.


      - The Government of India (GoI) is currently evaluating 470 proposals under the "Bharat 6G Vision" for "Accelerated Research on 6G Ecosystem." The Department of Telecommunications (DoT), under the Ministry of Communication, has funded two next-generation testbeds to promote 6G research.

      - According to projections by the GoI-led panel, India can achieve a 10% share of all 6G patents and contribute 1/6th to international standards in the next three years.

Main Points:-   (i) According to official data from MaxVal, a global Intellectual Property (IP) management firm, India ranks 6th with 188 6G-related patents, based on data from the Government of India (GoI).

      (ii) China leads global patent filings with 6,001 6G-related patents, followed by the United States (USA) with 3,909 patents, South Korea with 1,417 patents, Japan with 584 patents, and the European Union (EU) with 214 patents.

(iii) The World Telecommunications Standardisation Assembly (WTSA 2024) will be held in Delhi from October 14 to October 24, 2024, making India the first country in Asia to host this event.

__________________________________________

India and the UAE are set to interlink UPI and AANI to facilitate seamless cross-border transactions.

The Government of India and the United Arab Emirates (UAE) are working to connect India's Unified Payment Interface (UPI) with the UAE's instant payments platform AANI. This will facilitate seamless cross-border transactions between the two countries.


      - The meeting was co-chaired by Union Minister Piyush Goyal, Minister of Commerce & Industry (MoCI), Government of India (GoI), and His Highness Sheikh Hamed bin Zayed Al Nahyan, Managing Director (MD) of the Abu Dhabi Investment Authority (ADIA).


      - The representatives from both governments also agreed to collaborate on a card payment service using resources from India’s National Payments Corporation of India (NPCI) through its international subsidiary NPCI International Payments Limited (NIPL) in partnership with the UAE's payments entity Al Etihad Payments (AEP). This will enable the creation of the domestic card scheme JAYWAN in the UAE.

      - The UAE has also agreed to invest in establishing food parks across India, with an anticipated investment of approximately USD 2 billion over the next two to two-and-a-half years.

Main Points:-   (i) This initiative will benefit over 3 million Indians living in the UAE, allowing them to utilize the advantages of UPI and AANI.

      (ii) This was discussed during the 12th Meeting of the India-UAE High Level Joint Task Force on Investments (HLJTFI) held in Mumbai, Maharashtra.

(iii) - This scheme is based on the RuPay card stack, which was developed and deployed on a large scale by NPCI in India. It will be shared with AEP to help the UAE become sovereign in the field of digital payments.

__________________________________________

The Adani Group has partnered with Google to enhance clean energy initiatives in India.

Ahmedabad-based Adani Group and the USA-based Google have announced a partnership aimed at enhancing sustainability efforts and promoting the growth of clean energy in India.


      - As part of this partnership, Adani will provide renewable energy from a new solar-wind hybrid project, which is part of the world's largest renewable energy plant located in Khavda, Gujarat.


      - The project is set to commence commercial operations in 2025.

     

Main Points:-   (i) This initiative aligns with Adani Group's strategy to decarbonize industries while focusing more on the merchant and Commercial and Industrial (C&I) segments.

      (ii) This collaboration will enable Google to achieve its "24/7 carbon-free energy goal" by ensuring that its cloud services and operations in India are powered by sustainable energy.

About Google
CEO: Sundar Pichai
Founders: Larry Page, Sergey Brin
__________________________________________

Paramesh Sivamani has taken over as the 26th Director General of the Indian Coast Guard (ICG).

On October 16, 2024, Paramesh Sivamani took over as the 26th Director General (DG) of the Indian Coast Guard (ICG).


      - He has been serving as the acting DG since August 2024, following the death of the former DG, Rakesh Pal.


      - Paramesh Sivamani has been the Additional DG of the ICG since September 2022.

     

Main Points:-   (i) He has commanded all major vessels of the ICG, including the Advanced Offshore Patrol Vessel (OPV) Samar and OPV Vishwast. He has also led the Eastern and Western Coast Guard Regions.

      (ii) He is recognized as a specialist in Navigation & Direction, which is a crucial area for ensuring maritime safety.

(iii) He has received several awards, including the Tatrakshak Medal (2014), the President's Tatrakshak Medal (2019), the DG Coast Guard Commendation (2012), and the Flag Officer Commanding-in-Chief (East) Commendation (2009).

About the Indian Coast Guard (ICG)
DG: Paramesh Sivamani
Headquarters: New Delhi
__________________________________________

Prabowo Subianto has been sworn in as the 8th President of Indonesia.

On October 20, 2024, former General Prabowo Subianto Djojohadikusumo (73) from the Great Indonesia Movement Party (Gerindra Party) was appointed as the 8th President of Indonesia (2024-2029). He succeeds Joko Widodo, who served as President from 2014 to 2024.


      - Gibran Rakabuming, the son of Joko Widodo, was appointed as the Vice President of Indonesia.


      - Prabowo Subianto was the Defence Minister of Indonesia from 2019 to 2024.

     

Main Points:-   (i) Union Minister of State (MoS) Pabitra Margherita from the Ministry of External Affairs (MEA), Government of India (GoI), along with leaders and officials from around 40 countries, attended the swearing-in ceremony held in Jakarta, Indonesia.

      (ii) Prabowo Subianto is a retired general who has held various military positions, including commander of the Army Strategic Reserve Command (Kostrad).

(iii) In 2024, he was awarded the Collar of the Order of Zayed by the United Arab Emirates (UAE), and the Distinguished Service Order (Military) by Singapore in 2023.

About Indonesia
Capital: Nusantara
Currency: Indonesian Rupiah
__________________________________________

BOBCARD has named cricketer Shreyanka Patil as its brand ambassador.

BOBCARD Limited, a subsidiary of Bank of Baroda (BoB), has appointed Indian cricketer Shreyanka Patil as its brand ambassador.


      - Patil will represent the company in future campaigns and initiatives as BOBCARD promotes its mission of "Reimagining Credit for Everyone in India" through innovative and accessible credit card solutions.


      - BOBCARD sees its collaboration with Patil as a way to connect with a new generation of credit users, encouraging responsible financial habits and informed credit decisions.

     

Main Points:-   Shreyanka Patil is an Indian cricketer who plays for Karnataka and Royal Challengers Bangalore. She is a right-arm off break bowler who made her international debut for India in 2023. She is also a role model for young female cricketers.

     

__________________________________________

India finished 9th with 4 medals at the ISSF World Cup Final 2024 in New Delhi.

India finished 9th in the medal tally of the International Shooting Sport Federation (ISSF) World Cup Final for Rifle, Pistol, and Shotgun 2024, winning a total of 4 medals (2 Silver and 2 Bronze).


      - The ISSF World Cup for Rifle, Pistol, and Shotgun was held from October 13 to 18, 2024, at the Dr. Karni Singh Range in New Delhi.


      - Anantjeet Singh Naruka won the bronze medal in the men's skeet event with a total of 43 points.

     

Main Points:-   (i) India’s Sonam Maskar secured a silver medal in the women's 10m air rifle event at the ISSF World Cup Final 2024.

      (ii) China topped the medal tally with 8 medals (5 Gold and 3 Bronze), followed by Italy with 5 medals (1 Gold, 3 Silver, and 1 Bronze), and Germany with 3 medals (1 Gold and 2 Silver).

(iii) Akhil Sheoran won a bronze medal in the 50m Rifle 3 Position Men’s final at the ISSF World Cup Final 2024.

About the International Shooting Sport Federation (ISSF)
President: Luciano Rossi
Headquarters: Munich, Germany
__________________________________________

Former First Minister of Scotland, Alex Salmond, has passed away.

Former leader of the Scottish National Party (SNP), Alex Salmond, who served as the First Minister of Scotland from 2007 to 2014, passed away at the age of 69 in Ohrid, North Macedonia. He was born on December 1, 1954, in Linlithgow, West Lothian, Scotland. He was the first Scottish nationalist to hold the position of First Minister.


      - Alex Salmond worked as an assistant economist for the Department of Agriculture and Fisheries (DoA&F) for Scotland from 1978 to 1980.


      - He then worked as an economist at the Royal Bank of Scotland from 1980 to 1987.

      - In 1987, he became a Member of Parliament (MP) in the House of Commons, representing the Banff and Buchan constituency. He served as an MP from 1987 to 2010 and again from 2015 to 2017.

Main Points:-   (i) Alex Salmond served as a Member of the Scottish Parliament (MSP) from 1999 to 2001, 2007 to 2011, and 2011 to 2016.

      (ii) He was the leader of the Scottish National Party (SNP) from 1999 to 2000, 2007 to 2011, and 2011 to 2014.

(iii) In 2014, he led the referendum for Scotland's independence from the UK, securing 45% of the total votes in favor of independence.

__________________________________________

International Day for Disaster Risk Reduction was observed on October 13, 2024.

The United Nations (UN) International Day for Disaster Risk Reduction (IDDRR) is observed worldwide every year on October 13. Its purpose is to promote a global culture of awareness about risks and disaster reduction.


      - IDDRR encourages the implementation of frameworks like the Sendai Framework for Disaster Risk Reduction (SFDRR) for 2015-2030, which focuses on reducing disaster risks and improving global preparedness.


     

     

Main Points:-   (i) The theme for International Day for Disaster Risk Reduction (IDDRR) 2024 is "Empowering the Next Generation for a Resilient Future."

      (ii) In 2009, the United Nations General Assembly (UNGA) adopted resolution A/RES/64/200, officially designating October 13 as the International Day for Disaster Risk Reduction (IDDRR).

(iii) Since 2010, IDDRR has been observed annually on October 13.

About the United Nations Office for Disaster Risk Reduction (UNDRR)
Head: Kamal Kishore
Headquarters: Geneva, Switzerland
__________________________________________

International Day of Rural Women 2024 is observed on October 15.

The United Nations (UN) International Day of Rural Women (IDRW) is celebrated worldwide every year on October 15. This day recognizes the contributions of rural women, including indigenous women, in improving agricultural and rural development, enhancing food security, and reducing rural poverty.


      - On December 18, 2007, the United Nations General Assembly (UNGA) adopted resolution A/RES/62/136, declaring October 15 of every year as the International Day of Rural Women (IDRW).


     

     

Main Points:-   (i) The theme for International Day of Rural Women 2024 is "Rural Women Cultivating Good Food for All."

      (ii)The first International Day of Rural Women (IDRW) was celebrated on October 15, 2008.

About the United Nations General Assembly (UNGA)
President: Dennis Francis
Headquarters: New York
__________________________________________

World Sight Day 2024 is observed on October 10.

World Sight Day (WSD), also known as World Eye Day or World Vision Day, is celebrated every year on the second Thursday of October.


      - This day aims to raise global awareness about blindness and vision impairment.


      - It is coordinated by the International Agency for the Prevention of Blindness (IAPB), based in London, UK, and the World Health Organization (WHO), based in Geneva, Switzerland.

     

Main Points:-   (i) WSD 2024 will be observed on October 10, 2024. The theme for WSD 2024 is "Children, Love Your Eyes."

      (ii) The World Health Organization (WHO) officially launched WSD in 1999, and the first WSD was observed on October 12, 2000.

About the International Agency for the Prevention of Blindness (IAPB)
President: Caroline Casey
Founded: 1975
__________________________________________

NASA's Europa Clipper Launches to Explore Potential for Life on Jupiter’s Moon.

On October 14, 2024, NASA launched its Europa Clipper spacecraft as part of the Europa mission to study Jupiter and its moon Europa, which is one of Jupiter's 95 known moons.


      - The spacecraft was launched aboard a SpaceX Falcon Heavy rocket from Launch Complex 39A at NASA's Kennedy Space Center in Florida, USA.


      - This mission is NASA's first dedicated to exploring an ocean world beyond Earth.

     

Main Points:-   The main goal of the mission is to find out if Europa's icy shell and the ocean beneath it could support life.

     

About the National Aeronautics and Space Administration (NASA)
Administrator: Bill Nelson
Headquarters: Washington, DC
__________________________________________

Narendra Modi, approved several important schemes and projects on 16 October, 2024.

On October 16, 2024, the Union Cabinet, led by Prime Minister Narendra Modi, approved several important schemes and projects:


      - Dearness Allowance (DA) Increase: An additional 3% of Dearness Allowance for Central Government employees and Dearness Relief for pensioners was approved.


      - Railway Project: The Cabinet approved the Varanasi-Pt. Deen Dayal Upadhyaya multi-tracking project, with an estimated cost of Rs 2,642 crore.

      - Support for Farmers: Rs 35,000 crore was allocated to continue the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) schemes, which aim to support farmers and manage price fluctuations.

Main Points:-   The Cabinet Committee on Economic Affairs (CCEA) has approved an increase in the Minimum Support Prices (MSP) for all Rabi crops for the Marketing Season 2025-26. This means farmers will receive higher guaranteed prices for their Rabi crops during this period.

     

__________________________________________

Hindustan Aeronautics Limited (HAL) Achieves Maharatna Status, Becoming the 14th CPSE.

On 12 October 2024, the Department of Public Enterprises (DPE) under the Ministry of Finance (MoF) upgraded the status of Hindustan Aeronautics Limited (HAL) from "Navratna" to "Maharatna" Central Public Sector Enterprise (CPSE).


      - The Hon'ble Finance Minister has approved the upgradation of Hindustan Aeronautics Limited (HAL) to the 14th #Maharatna CPSE.


      - This proposal was previously recommended by the Inter-Ministerial Committee (IMC) chaired by the Finance Secretary.

     

Main Points:-   (i) (i) HAL is a major player in the Indian aerospace and defense sector. It has received multi-million dollar contracts from international aerospace firms such as Airbus, Boeing and Honeywell to manufacture aircraft engines and spare parts.

      (ii) With its new Maharatna status, HAL gains increased operational autonomy and financial powers, allowing it to invest up to 15% of its net worth in projects and a maximum of Rs 5,000 crore in foreign ventures without requiring approval from the Government of India (GoI).

About Hindustan Aeronautics Limited (HAL)
CMD : Dr. D.K. Sunil
Headquarters: Bengaluru
__________________________________________

CCS Approves Establishment of New Missile Testing Range in Nagayalanka, Andhra Pradesh.

The Cabinet Committee on Security (CCS), chaired by Prime Minister Narendra Modi, has approved the establishment of a new missile testing range in Nagayalanka village, Krishna district, Andhra Pradesh (AP).


      - This new missile testing range will be utilized for test-firing various tactical missile systems, including surface-to-air missile systems and anti-tank missiles, which are currently being developed by the Defence Research and Development Organisation (DRDO).


      - The DRDO would also be playing a big role in the construction of the nuclear submarines that have been cleared by CCS.

     

Main Points:-   In addition to the missile testing range, the CCS also approved a proposal to purchase 31 Predator long-endurance armed drones from the United States and two nuclear submarines to be constructed by ATV Project India Limited for the development of strategic submarines for the Indian Navy (IN).

     

About DRDO
Chairman: Sameer Vankatpati Kamat
Headquarters: New Delhi
__________________________________________

ANRF Launches Its First Two Initiatives "PMECRG and MAHA-EV Mission".

The Anusandhan National Research Foundation (ANRF) has launched its first two significant initiatives: the Prime Minister Early Career Research Grant (PMECRG) and the Mission for Advancement in High-Impact Areas - Electric Vehicle (MAHA-EV) Mission.


      - These initiatives aim to bridge the gap between academic research and industrial application, thereby promoting innovation and scientific excellence in India.


     

     

Main Points:-   (i) These initiatives were launched at the first Governing Board meeting held on 10 September 2024, which was chaired by Prime Minister Narendra Modi, who is the President of GB.

      (ii) The PMECRG will boost the creativity and innovation of early career researchers, while the MAHA-EV Mission will drive industry-aligned translational research in the high-priority electric vehicle (EV) sector.

__________________________________________

Madhya Pradesh is set to designate the Ratapani Wildlife Sanctuary as the eighth Tiger Reserve near Bhopal.

The State Wildlife Board (WLB) of Madhya Pradesh has approved the declaration of Ratapani Wildlife Sanctuary (WLS), located near Bhopal (the capital of MP), as the eighth Tiger Reserve (TR) in the state.


      - The state WLB will now send its recommendation to the Government of India (GoI) for final approval to officially designate the WLS as a TR.


      - In 2011, the National Tiger Conservation Authority (NTCA) had given initial approval to recognize Ratapani WLS as a TR.

      - Currently, Ratapani WLS covers an area of 823 sq km in the Raisen and Sehore districts of Madhya Pradesh.

Main Points:-   (i) The proposed TR will cover an area of 1,271.465 square kilometers (sq km), including both Ratapani WLS and Singhori WLS.

      (ii) Out of the total area, 763.812 square kilometers (sq km) will be designated as the core area for tigers, while the remaining 507.653 sq km will serve as a buffer zone to protect wildlife.

(iii) According to the 2022 Tiger Census, Ratapani WLS is home to a total of 3,123 wild animals, which include 56 tigers and 70 leopards.

About Madhya Pradesh
CM : Mohan Yadav
Governor: Mangubhai C. Patel
__________________________________________

IOCL and Nepal Oil Corporation have signed B2B framework agreements to develop petroleum infrastructure in Nepal.

On October 3, 2024, Indian Oil Corporation Limited (IOCL) and Nepal Oil Corporation (NOC) signed a Business-to-Business (B2B) Framework Agreement to develop petroleum infrastructure in Nepal, with a total investment of around ₹15 billion.


      - A 50-kilometer petroleum pipeline will be built from Siliguri (India) to Charali (Jhapa, Nepal).


      - A state-of-the-art terminal will be established in Charali to improve storage and distribution capabilities in that region.

      - Additionally, a 62-kilometer pipeline will connect Amlekhgunj to Lothar in Chitwan, Nepal.

Main Points:-   (i) A modern terminal with a storage capacity of 91,900 kiloliters will be developed at Lothar.

      (ii) he agreement was signed by Dr. Chandika Prasad Bhatta (Executive Director of NOC) and Senthil Kumar (Director of IOCL) in New Delhi, in the presence of senior officials, including Pankaj Jain (Secretary, Ministry of Petroleum and Natural Gas, India) and V. Satish Kumar (Chairman of IOCL).

(iii) This collaboration is based on a Government-to-Government (G2G) Memorandum of Understanding (MoU) signed in May 2023 between India's Ministry of Petroleum and Natural Gas (MoP&NG) and Nepal's Ministry of Industry, Commerce and Supplies.

About Indian Oil Corporation Limited (IOCL)
Chairman: Satish Kumar Vaduguri
Headquarters: New Delhi
__________________________________________

IRENA's report highlights that 2023 marked a record-breaking achievement for solar power generation.

According to the report "Renewable Energy and Jobs Annual Review 2024" from the International Renewable Energy Agency (IRENA) and the International Labour Organisation (ILO), 2023 saw the addition of 347 gigawatts (GW) of photovoltaic (PV) capacity worldwide, which is a 74% increase compared to 2022.


      - This makes 2023 a record-breaking year for solar power generation.


      - China contributed 63% (216.9 GW) of the new PV capacity added in 2023.

      - The year 2023 also saw the largest increase in jobs in the renewable energy sector, rising from 13.7 million jobs in 2022 to 16.2 million in 2023.

Main Points:-   (i) Globally, 7.1 million jobs were created in solar PV in 2023, a significant rise from 4.9 million in 2022, making up 44% of the total renewable energy workforce worldwide.

      (ii) The report estimates that 1.02 million jobs were created in renewable energy (RE) in 2023.

About the International Renewable Energy Agency (IRENA)
DG : Francesco La Camera
Headquarters: Abu Dhabi
__________________________________________

IREDA has received DIPAM approval to create a subsidiary for managing retail and B2B renewable energy businesses.

The state-owned Indian Renewable Energy Development Agency Limited (IREDA), under the Ministry of New and Renewable Energy (MNRE), has received in-principal approval from the Department of Investment and Public Asset Management (DIPAM) in the Ministry of Finance (MoF) to set up a fully-owned subsidiary. This subsidiary will focus on retail and Business-to-Business (B2B) operations in the Renewable Energy (RE) sector.


      - IREDA's new retail subsidiary will be allowed to manage retail operations under key government schemes like the Pradhan Mantri (PM) Surya Ghar Muft Bijli Yojana (rooftop solar) and PM Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM), as well as other Business-to-Consumer (B2C) segments in the RE sector.


      - The new subsidiary will focus on emerging renewable energy (RE) sectors such as electric vehicles (EVs), energy storage, green technologies, sustainability, and energy efficiency.

     

Main Points:-   (i) AGEL aims for 10% of India's non-fossil energy and 50 GW of renewable capacity by 2030.

      (ii) It will also allow IREDA to offer innovative financing options for both urban and rural consumers, encouraging sustainable practices and reducing carbon footprints.

Indian Renewable Energy Development Agency (IREDA)
CMD : Pradip Kumar Das
Headquarters: New Delhi
__________________________________________

ADB has approved a loan of USD 42 million for the coastal protection ecosystem in Maharashtra.

The Asian Development Bank (ADB) has approved a loan of USD 42 million to improve coastal and riverbank protection ecosystems in Maharashtra, which will help strengthen the resilience of local communities and their natural environments.


      - The Maharashtra Sustainable Climate-Resilient Coastal Protection Project will address coastal erosion by creating offshore reefs, installing sheet piles, nourishing beaches, and planting vegetation to stabilize the coastline.


      - This project builds on the ADB-financed Sustainable Coastal Protection and Management Investment Program.

     

Main Points:-   (i) The project aims to boost fisheries and tourism while also promoting capacity building for stakeholders regarding gender equality and social inclusion.

      (ii) ADB will assist the Maharashtra Maritime Board in enhancing its capacity for shore management planning, which includes establishing a coastal infrastructure management unit.

About ADB
President: Masatsugu Asakawa
Headquarters: Mandaluyong, Philippines
__________________________________________

Tata AMC has launched India's first index fund based on the Nifty Capital Markets Index.

Tata Asset Management Company (AMC) has launched the Tata Nifty Capital Markets Index Fund, which is India’s first index fund aimed at investing in companies from the Nifty Capital Markets Index. This fund will track the performance of selected companies from the Nifty 500 Index.


      - The fund will invest in a maximum of 20 stocks from the Nifty 500 Index, covering various capital market sectors such as financial services, asset management firms, exchanges, stockbroking companies, depositories, and clearing houses.


     

     

Main Points:-   (i) The New Fund Offer (NFO) for the Tata Nifty Capital Markets Index Fund will be open from October 7 to October 21, 2024. It will reopen for subscription on or before October 30, 2024.

      (ii) The minimum investment is ₹5,000 (in multiples of ₹1), and an exit load of 0.25% of the applicable Net Asset Value (NAV) will be charged if units are redeemed within 15 days of allotment.

(iii) According to the Scheme Information Document (SID), the maximum allowable Total Expense Ratio (TER) under Regulation 52(6)(b) is up to 1%.

__________________________________________

India becomes the fourth country to surpass $700 billion in foreign reserves.

According to data from the Reserve Bank of India (RBI), India's foreign exchange reserves surpassed $700 billion for the first time in September 2024. This achievement makes India the fourth country in the world to reach this level, joining China, Japan, and Switzerland.


      - The foreign exchange reserves rose by $12.59 billion, reaching an all-time high of $704.885 billion in the week ending September 27, 2024.


      - A key part of these reserves is Foreign Currency Assets (FCA), which increased by $10.46 billion to $616.154 billion. Additionally, gold reserves grew by $2.184 billion, reaching $65.796 billion, according to the RBI.

      - FCA includes a multi-currency portfolio with major currencies like the US Dollar (USD), Euro, Pound Sterling, and Japanese Yen, valued in USD.

Main Points:-   This increase in reserves is attributed to several factors, including $30 billion in foreign investments this year, mainly driven by investments in local bonds after India was included in a significant J.P. Morgan index.

     

__________________________________________

World Day Against the Death Penalty is observed on October 10, 2024.

World Day Against the Death Penalty is observed every year on October 10th to raise awareness about the death penalty and advocate for its abolition.


      - October 10, 2024, marks the 22nd observance of this day.


      - The day was initiated by the World Coalition Against the Death Penalty (WCADP), with support from various organizations including Amnesty International, the United Nations (UN), the European Union (EU), and various Non-Governmental Organizations (NGOs).

     

Main Points:-   (i) The theme for World Day Against the Death Penalty 2024 is "Death Penalty and Safety."

      (ii) The first World Day Against the Death Penalty was observed in 2003.

__________________________________________

"NABARD Releases 2nd All India Rural Financial Inclusion Survey (NAFIS) for 2021-22".

On 9th October 2024, the National Bank for Agriculture and Rural Development (NABARD) released the findings of its 2nd 'All India Rural Financial Inclusion Survey (NAFIS) for 2021-22'. This survey, based on data from 1 lakh rural households, offers key insights into various economic and financial aspects in the post-COVID era.


      - The NAFIS 2021-22 findings highlight significant changes in rural economic and financial indicators since the previous survey conducted in 2016-17.


      - The inaugural NAFIS survey covered the agricultural year 2016-17 (July-June) and was released by NABARD in August 2018.

     

Main Points:-   (i) The average monthly income of rural households has seen a substantial rise of 57.6% over the past 5 years, increasing from Rs 8,059 in 2016-17 to Rs 12,698 in 2021-22.

      (ii) The survey also reveals that the average monthly expenditure of rural households has surged significantly over the last 5 years, from Rs 6,646 in 2016-17 to Rs 11,262 in 2021-22.

About the National Bank for Agriculture and Rural Development (NABARD)
Chairman: Shaji K.V.
Headquarter : Mumbai
__________________________________________

129 million Indians live in extreme poverty in 2024, according to a World Bank report.

The World Bank's "Poverty, Prosperity, and Planet Report 2024: Pathways Out of the Polycrisis" shows that in India, 129 million people live in extreme poverty, surviving on less than ₹180 (about $2.15) a day.


      - This number has dropped significantly from 431 million in 1990, but challenges still exist, especially due to population growth and a higher poverty line for middle-income countries.


      - People are considered extremely poor if they earn less than ₹180 ($2.15) each day.

      - Less than 1% of the population aged 15 and above has no formal education, indicating a direct link between education levels and poverty rates.

Main Points:-   (i) By the end of the decade, extreme poverty in India is expected to drop below 3%, which could mean a smaller share of global extreme poverty for the country.

      (ii) In 2021, 38 million fewer people were reported as living in poverty compared to previous years, thanks to growth in Gross Domestic Product (GDP) per capita.

(iii) Approximately 3.5 billion people (44% of the global population) live below the upper middle-income poverty line of $6.85 per day, a figure that has largely remained unchanged since the 1990s due to population growth.

__________________________________________

INS Samarthak, the first ship of L&T's Multi-Purpose Vessel, was launched in Chennai.

On October 14, 2024, Larsen & Toubro (L&T) launched the first Multi-Purpose Vessel (MPV), Yard No. 18001, named Indian Naval Ship (INS) Samarthak. This ship is built for the Indian Navy (IN) and was launched from L&T's Kattupalli Shipyard near Chennai, Tamil Nadu (TN).


      - The launch was conducted by Shashi Tripathi, President of the Navy Wives Welfare Association (NWWA), and attended by the Chief of Naval Staff (CNS) Admiral Dinesh K. Tripathi.


     

     

Main Points:-   (i) The name 'Samarthak,' which means 'Supporter,' reflects the vessel's intended versatile operational roles.

      (ii) The Ministry of Defence (MoD) and L&T Shipbuilding Limited, based in Chennai (Tamil Nadu), signed a contract on March 25, 2022, for the construction of two Multi-Purpose Vessels (MPVs).

(iii) Another important function of the Multi-Purpose Vessel (MPV) is to serve as a trial platform for testing indigenous (homegrown) weapons and sensors that are currently under development.

About the Indian Navy (IN)
CNS : Admiral Dinesh K. Tripathi
Founded: 1950
__________________________________________

Maharashtra has launched India’s first state-level Cyber Command Center to tackle cybercrime.

The Maharashtra State Cyber Department, in collaboration with Larsen & Toubro (L&T) Technology Services Limited (LTTS) from Vadodara, Gujarat, has launched India’s first state-level Cyber Command and Control Center (CCC) in Mahape, Navi Mumbai.


      - The CCC is designed to improve the speed and efficiency of investigating cyber incidents, helping to expedite (fast-track) cybercrime investigations.


      - The center was built through a partnership between LTTS (a global leader in engineering and R&D services) and KPMG (Klynveld Peat Marwick Goerdeler) Assurance and Consulting Services Limited Liability Partnership (LLP).

      - In 2022, the project was revived and received approval from the state cabinet in 2023, with a budget of Rs 837 crore.

Main Points:-   (i) This initiative was inaugurated by Devendra Fadnavis, the Deputy Chief Minister of Maharashtra, and aims to strengthen cybersecurity capabilities in the state.

      (ii) It also aims to enhance legal processes to boost conviction rates in cybercrime cases, leading to more successful outcomes in achieving justice.

About Maharashtra
CM : Eknath Shinde
Governor: C.P. Radhakrishnan
__________________________________________

Nayab Singh Saini has taken the oath as the Chief Minister of Haryana for his second term.

On 17th October 2024, Nayab Singh Saini took the oath as the Chief Minister (CM) of Haryana during a swearing-in ceremony in Panchkula, marking his second tenure in this role. He previously served as the CM from March 2024 to October 2024 after Manohar Lal Khattar resigned ahead of the 2024 Lok Sabha elections.


      - In addition to the Chief Minister, 13 legislators, including two women, were inducted into the state cabinet.


      - The oath of office and secrecy was administered to all of them by Haryana Governor Bandaru Dattatreya.

     

Main Points:-   (i) Prime Minister Narendra Modi, along with leaders of the National Democratic Alliance (NDA), was present during the ceremony.

      (ii) The Haryana Assembly elections were held on 5th October 2024, where the BJP won 48 out of 90 seats, marking the party's third consecutive victory in the Haryana State Assembly elections.

(iii) Saini was an MLA from 2014 to 2019, serving as the Minister of State for Labour & Employment and Mines in Haryana. He then served as a Member of Parliament (MP) from Kurukshetra from 2019 to 2024.

About Haryana
Chief minister: Nayab Singh Saini
Governor: Bandaru Dattatreya
__________________________________________

World Arthritis Day (WAD) is observed on October 12,2024.

World Arthritis Day (WAD) is celebrated every year on October 12 to raise awareness about Rheumatic and Musculoskeletal Diseases (RMDs), their prevention, and the importance of accessing effective treatments for arthritis.


      - World Arthritis Day was first created in 1996 by Arthritis and Rheumatism International (ARI).


      - The first WAD was celebrated on October 12, 1996, and it has been observed annually since then.

     

Main Points:-   (i) October 12, 2024, marks the 29th WAD.

      (ii) The theme for WAD 2024 is **"Informed Choices, Better Outcomes."

__________________________________________

The PM Gati Shakti National Master Plan has successfully completed three years of reshaping India's infrastructure landscape.

On 13th October 2024, the PM Gati Shakti National Master Plan (NMP) for multi-modal connectivity marked three successful years of implementation, achieving significant milestones in transforming India's infrastructure.


      - The plan was launched on 13th October 2021 by Prime Minister Narendra Modi at Pragati Maidan in New Delhi.


      - It is being implemented by the Logistics division of the Ministry of Commerce and Industry (MoC&I).

     

Main Points:-   (i) This initiative takes a "Whole-of-Government" approach, promoting integrated planning of multi-modal infrastructure through collaboration among various ministries. It was initiated with a budget of ₹100 lakh crore.

      (ii) Currently, the PM Gati Shakti National Master Plan (NMP) has involved 44 Central Ministries and 36 States/Union Territories (UTs), integrating a total of 1,614 data layers.

About the Ministry of Commerce and Industry (MoCI)
Union Minister: Piyush Goyal
Headquarters: New Delhi
__________________________________________

Union Minister Dr. Jitendra Singh has inaugurated India's first demonstration facility for biopolymers in Pune.

On October 13, 2024, Dr. Jitendra Singh, the Union Minister of State for Science and Technology, virtually opened India’s first Demonstration Facility for Biopolymers in Jejuri, Pune, Maharashtra.


      - The facility was created by Praj Industries Limited, a Pune-based multinational engineering company.


      - It aims to produce Polylactic Acid (PLA) bioplastic using advanced, locally developed technology.

     

Main Points:-   (i) Polylactic acid (PLA) is a natural polymer designed as an alternative to commonly used petroleum-based plastics such as polyethylene terephthalate (PET).

      (ii) India ranks 12th in the world in biotechnology and 3rd in the Asia-Pacific region. It is also the largest vaccine producer and has the third largest startup ecosystem.

(iii) India's bioeconomy is expected to exceed US$ 150 billion in 2023 and reach US$ 300 billion by 2030.

__________________________________________

MNRE has announced the scheme guidelines for the ₹500 crore 'Innovative Projects' component under the PM-Surya Ghar: Muft Bijli Yojana.

The Ministry of New and Renewable Energy (MNRE) has issued guidelines to implement the ₹500 crore 'Innovative Projects' component under the Prime Minister (PM)-Surya Ghar: Muft Bijli Yojana.


      - This initiative aims to promote the adoption of solar energy, especially ensuring affordable access for low-income and marginalized households in India.


      - The Scheme Implementation Agency (SIA) for this component is the National Institute of Solar Energy (NISE), based in Gurugram (Haryana), which is an autonomous institute under the MNRE.

     

Main Points:-   (i) Innovative Solar Projects: The scheme supports innovative solar energy projects that introduce new technologies or business models for residential use, with a maximum project duration of 18 months.

      (ii) The scheme has an outlay of Rs 75,021 crore and is to be implemented till FY 2026-27.

(iii) Annual Innovation Awards: Annual awards will be given to encourage innovation in rooftop solar energy. In this, the first prize will be ₹1 crore, second prize will be ₹50 lakh, third prize will be ₹30 lakh and 10 consolation prizes will be ₹5 lakh each.

Ministry of New and Renewable Energy (MNRE)
Director : Dr. Anil Kumar
Headquarters: New Delhi
__________________________________________

India's First Memorial for Unsung Heroes of Military Intelligence Unveiled in Pune.

The Indian Army has inaugurated "Satark Park," India's first memorial dedicated to honoring Military Intelligence (MI) personnel who lost their lives in service. Located in Pune, Maharashtra, the memorial is inspired by the MI motto "Sada Satark" (always alert).


      - Lieutenant General Pradeep Kumar Chahal, Colonel Commandant of the Intelligence Corps and Commandant of the Military Intelligence Training School and Depot (MINTSD), officiated the inauguration.


     

     

Main Points:-   (i) The memorial has been constructed, maintained, and operated by the MINTSD with support from Pune-based Roadway Solutions India Infra Limited (RSIIL).

      (ii) The park features busts of 40 MI personnel, including 11 officers, who have sacrificed their lives in various operations, primarily in Jammu and Kashmir (J&K) and along the North Eastern borders since 1962. Each bust is accompanied by a brief description of their contributions.

About Military Intelligence (MI)
Director-General : Lieutenant General (Lt Gen) R S Raman
Headquarters: New Delhi
__________________________________________

Highlights of PM Modi's Visit to Vientiane, Lao PDR (October 10-11, 2024).

Narendra Modi, the Prime Minister of India, visited Vientiane, the capital of the Lao People's Democratic Republic (LPDR or Laos), from October 10 to 11, 2024, at the invitation of Sonexay Siphandone, the Prime Minister of Laos. The visit aimed to strengthen the bilateral relations between India and Laos.


      - During his visit, PM Modi attended the 21st Association of Southeast Asian Nations (ASEAN)-India Summit and the 19th East Asia Summit, both hosted by Laos, the current Chair of ASEAN.


     

     

Main Points:-   (i) On October 11, 2024, PM Modi met with Thongloun Sisoulith, the President of Lao PDR, in Vientiane.

      (ii) He also held bilateral talks with Prime Minister Sonexay Siphandone in Vientiane.

About Lao People's Democratic Republic (Lao PDR)
Prime Minister: Sonexay Siphandone
Capital: Vientiane
__________________________________________

The UN General Assembly elects 18 new members to the Human Rights Council for the 2025-2027 term.

On October 9, 2024, the United Nations General Assembly (UNGA) elected 18 new members to the United Nations Human Rights Council (UNHRC) for the 2025-2027 term.


      - The 18 newly elected members are Benin, Bolivia, Colombia, Cyprus, Czechia, Democratic Republic of the Congo, Ethiopia, Gambia, Iceland, Kenya, Marshall Islands, Mexico, North Macedonia, Qatar, Republic of Korea, Spain, Switzerland, and Thailand.


      - These members will begin their 3-year terms on January 1, 2025.

     

Main Points:-   (i) The UNHRC is composed of 47 member states, directly elected by the UNGA through a secret ballot, ensuring a democratic and transparent selection process.

      (ii) The structure of the UNHRC ensures that its membership has an equitable geographical distribution, with 13 members from African countries, 13 members from the Asia-Pacific region, 6 members from Eastern European countries, 8 members from Latin American and Caribbean countries, and 7 members from Are from Western European and other countries.

(iii) Each member serves a three-year term and cannot be immediately re-elected for two consecutive terms. This rule encourages a rotation of member states, ensuring fresh perspectives are regularly introduced to the Council. The UNHRC membership cycle begins annually on January 1.

About the UN Human Rights Council (UNHRC)
President: Omar Zniber
Headquarters: Geneva, Switzerland
__________________________________________

The Indian Navy and Bajaj Allianz Life signed an MoU for the welfare of Naval civilian personnel.

The Indian Navy (IN) has entered into a Memorandum of Understanding (MoU) with Bajaj Allianz Life Insurance Company Limited (BALIC), a Pune-based private life insurer, to boost the welfare of its civilian personnel.


      - This partnership is part of the IN's initiative, designating 2024 as the 'Year of Naval Civilians,' which focuses on improving the work environment and welfare measures for civilian staff.


      - The collaboration seeks to offer customized life insurance solutions tailored to meet the specific needs of naval civilians.

     

Main Points:-   (i) BALIC will provide tailored life insurance products, including term plans, at affordable premiums for naval civilians.

      (ii) Immediate financial aid will be available for families in the event of an employee's untimely death.

(iii) Customized processes will be introduced to streamline insurance management for naval civilians.

About Indian Navy(IN)
Chief of Naval Staff (CNS)- Dinesh K Tripathi
Vice Chief of the Naval Staff (VCNS)- Krishna Swaminathan
__________________________________________

Ashokan Charuvil from Kerala has won the 2024 Vayalar Award for his novel Kattoorkadavu.

Ashokan Charuvil from Kerala has won the 2024 Vayalar Award for his novel Kattoorkadavu. The Vayalar Ramavarma Memorial Trust conferred the 48th Vayalar Ramavarma Memorial Literary Award to Charuvil, a prominent Malayalam short story writer.


      - His novel Kattoorkadavu delves into themes of life, revival, and the national movement, set against the backdrop of a village devastated by the Great Flood.


      - Born in 1957 in Kattoor, Trichur district of Kerala, Ashokan Charuvil has earned numerous honors, including the Kerala Sahitya Akademi Award and the Muttathu Varkey Award.

      - In 2023, poet, lyricist, and director Sreekumaran Thampi won the Vayalar Award for his autobiography Jeevitham Oru Pendulum.

Main Points:-   (i) The Vayalar Award, established in 1977, honors outstanding literary works and includes a cash prize of 1 lakh rupees and a bronze sculpture designed by renowned artist Kanai Kunhiraman.

      (ii) The award ceremony will take place on October 27, 2024, the death anniversary of the esteemed Malayalam poet and lyricist Vayalar Ramavarma.

__________________________________________

LIC Boosts Stake in Bank of Maharashtra through Qualified Institutional Placement (QIP).

The Life Insurance Corporation of India (LIC), based in Mumbai, has increased its shareholding in the Pune-based Bank of Maharashtra (BoM) from 4.05% to 7.10%. This change follows the allocation of 25.96 crore shares to LIC as part of the bank's Qualified Institutional Placement (QIP) process. LIC acquired an additional 3.376% of the bank’s shares at an average price of ₹57.36 per share.


      - In the QIP process, LIC emerged as the largest investor, securing 42.56% of the total issue size. Other significant participants included ICICI Prudential Life Insurance, which acquired 8.51%, and Aditya Birla Sun Life with 5.67%.


     

     

Main Points:-   (i) The share allotment was conducted under Regulation 30 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, issued in July 2023.

      (ii) A Qualified Institutional Placement (QIP) is a method for listed companies to raise capital by issuing equity shares to institutional investors.

About Life Insurance Corporation (LIC)
Chairperson: Siddhartha Mohanty
Headquarter : Mumbai
__________________________________________

World Standards Day is celebrated annually on October 14.

World Standards Day is celebrated annually on October 14 to honor the efforts of the thousands of experts worldwide who develop and maintain international standards.


      - This day aims to raise awareness about the importance of standardization in facilitating global trade, ensuring safety and quality, and promoting innovation and efficiency across various industries.


     

     

Main Points:-   Each year, World Standards Day is marked with a specific theme that highlights the significance of standards in addressing global challenges. Organizations, businesses, and individuals are encouraged to engage in discussions and activities that promote the use and understanding of standards.

     

About the International Organization for Standardization (ISO)
President - Sung Hwan Cho
Headquarters - Geneva, Switzerland
__________________________________________

International Day of the Girl Child: Observed Globally on October 11 Every Year.

The United Nations' International Day of the Girl Child (IDGC) is observed globally every year on October 11. This day aims to address the challenges faced by girls and promote their empowerment and fulfillment of their human rights.


      - The first International Day of the Girl Child was celebrated on October 11, 2012. The UN General Assembly adopted resolution A/RES/66/170 on December 19, 2011, declaring October 11 of each year as the International Day of the Girl Child.


      - Recently, the United Nations Children's Fund (UNICEF) released its first global and regional estimates on sexual violence against children.

     

Main Points:-   (i) The theme for the 2024 International Day of the Girl is "Girls' Vision for the Future."

      (ii) This report, published ahead of the International Day of the Girl, underscores the scale of these violations worldwide, particularly for adolescent girls, who often suffer lifelong consequences. According to the report, more than 370 million girls and women, or 1 in 8, have experienced rape or sexual assault before the age of 18.

About United Nations Children's Fund (UNICEF)
Executive Director - Catherine Russell
Headquarters - New York
__________________________________________

Uttar Pradesh Chief Minister Yogi Adityanath unveiled the multicolored logo and app for Mahakumbh 2025.

Uttar Pradesh (UP) Chief Minister Yogi Adityanath unveiled the new multi-coloured logo for the Maha Kumbh Mela 2025 in Prayagraj (formerly known as Allahabad). During the event, he also launched the website and app for Kumbh Mela 2025.


      - Kumbh Mela 2025 is a major festival celebrated by the people of Hindu religion, and it is scheduled to be held in Prayagraj from "13 January to 26 February 2025". The word "Maha Kumbh" is derived from Persian and Sanskrit.


     

     

Main Points:-   (i) The logo design includes the image of a temple, a sage, an urn, Akshayavat tree, and Lord Hanuman. These elements reflect the relationship between nature and humanity in Sanatan civilization.

      (ii) The logo prominently features the city's most sacred site, Triveni Sangam, which is the confluence of the Ganga, Yamuna, and Saraswati rivers.

__________________________________________

MOSPI has released the "Comprehensive Annual Modular Survey" for July 2022 to June 2023.

The Ministry of Statistics and Programme Implementation (MOSPI) released the "Comprehensive Annual Modular Survey (CAMS): July 2022 - June 2023."


      - This survey was part of the 79th round of the National Sample Survey (NSS) conducted during the same period. Notably, the survey was not carried out in certain villages in the Andaman and Nicobar Islands.


     

     

Main Points:-   (i) In rural areas, approximately 96.5% of individuals aged 15-24 can read and write simple statements and perform basic arithmetic calculations. In urban areas, this figure rises to about 97.9%.

      (ii) For individuals aged 15-29, the literacy percentages are 95.3% in rural areas and 97.4% in urban areas, resulting in an overall figure of 95.9%. For those aged 15 and above, the literacy rates are 77.3% in rural areas, 90% in urban areas, and an overall average of 81.2%.

(iii) The average number of years of formal education for individuals aged 15 and older in India is 8.4 years. For those aged 25 and older, this average decreases to 7.5 years.

__________________________________________

Colombia has become the 17th country to sign an audio-visual co-production agreement with India.

On October 15, 2024, India and Colombia signed an Audio-Visual Co-Production Agreement to boost film production collaboration and strengthen cultural ties and goodwill between the two countries. With this, Colombia becomes the 17th country to sign such an agreement with India.


      - The Ministry of Information and Broadcasting (MIB) of the Government of India (GoI) has been instrumental in fostering these partnerships.


      - The agreement was signed by Dr. Loganathan Murugan, India's Minister of State (MoS) for MIB, and Jorge Enrique Rojas Rodriguez, Colombia's Vice Minister of Foreign Affairs, in New Delhi.

     

Main Points:-   (i) The agreement allows filmmakers from both countries to share resources, including creative, technical, financial, and marketing support, which will benefit producers in India and Colombia.

      (ii) It aims to enhance India's soft power, create jobs in the film industry, and attract foreign investment by improving India’s reputation as a filming destination.

(iii) The agreement provides clear funding processes for film projects and seeks to boost the export of Indian films to Colombia.

About Colombia
President : Gustavo Petro
Capital: Bogotá
__________________________________________

The Department of Posts and Amazon have signed MoU to improve logistics and e-commerce in India.

On October 4, 2024, the Department of Posts (DoP) under the Ministry of Communications and Amazon Seller Services Private Limited signed a Memorandum of Understanding (MoU) to enhance logistics and e-commerce in India.


      - This agreement builds on their previous collaboration, utilizing India's extensive postal network to facilitate package delivery and receipt.


     

     

Main Points:-   (i) The MoU was signed by Kushal Vashist, General Manager (Parcel Directorate) of DoP, and Venkatesh Tiwari, Director (Operations) of Amazon Seller Services, in the presence of Vandita Kaul, Secretary (Posts), in New Delhi.

      (ii) The MoU aims to explore opportunities for growth in logistics and business, allowing Amazon to use DoP's large postal network for parcel delivery across India.

(iii) Both parties will conduct quarterly reviews to monitor their partnership's progress and identify new opportunities to strengthen it.

__________________________________________

India's Jubilant Ingrevia has joined the World Economic Forum (WEF)'s Global Lighthouse Network.

Jubilant Ingrevia Limited, based in Noida, Uttar Pradesh, has become the latest Indian company to join the Global Lighthouse Network (GLN) of the World Economic Forum (WEF).


      - Jubilant Ingrevia is the only Indian firm among the 2024 cohort welcomed by the WEF.


      - In total, 22 innovative manufacturers have joined GLN as members in 2024.

      - Jubilant Ingrevia's inclusion in a prestigious network showcases its innovative use of AI, ML, and IoT, with over 30 integrated use cases of 4IR technologies at its Bharuch facility.

Main Points:-   (i) This has resulted in a 60% reduction in process variability and nearly doubled the production volume.

      (ii) The company aims to cut its emissions by 20% over the next three years and is dedicated to implementing digital solutions across all its plants.

About Jubilant Ingrevia Limited
CEO : Deepak Jain
Headquarters: Noida
__________________________________________

Uttar Pradesh Chief Minister Yogi Adityanath unveiled a multi-colored logo and app for Mahakumbh 2025.

Uttar Pradesh (UP) Chief Minister Yogi Adityanath unveiled a new multi-colored logo for the Maha Kumbh Mela 2025 in Prayagraj (formerly known as Allahabad). During the event, he also launched the website and app for the Kumbh Mela 2025.


      - The Kumbh Mela 2025 is a major festival celebrated by Hindus, scheduled to take place in Prayagraj from "January 13 to February 26, 2025". The term "Mahakumbh" is derived from Persian and Sanskrit.


     

     

Main Points:-   (i) The logo design includes a temple, a seer, an urn, the Akshayvat tree, and an image of Lord Hanuman. These elements represent the connection between nature and humanity in the Sanatana civilization.

      (ii) The logo prominently features the Triveni Sangam, which is the most sacred site in the city, marking the confluence of the Ganga, Yamuna, and Saraswati rivers.

__________________________________________

Visa has launched a platform that allows global banks to issue stablecoins and other tokens.

Visa Inc., the American multinational payment card services corporation, has introduced the Visa Tokenized Asset Platform (VTAP) to assist banks in issuing stablecoins and other fiat-backed tokens on a global scale. VTAP is set to go live in 2025.


      – VTAP will allow banks to “create, burn, and transfer tokens,” giving financial institutions the infrastructure needed to leverage blockchain technology.


      - Banco Bilbao Vizcaya Argentaria (BBVA), a Spanish bank, has been testing the platform for a year and plans to pilot it on the Ethereum blockchain for selected customers in 2025.

     

Main Points:-   (i) PayPal Holdings Inc. has already launched its stablecoin, PayPal USD (PYUSD), while Stripe Inc. now enables merchants to accept stablecoins for online transactions.

      (ii) Stablecoins are a type of cryptocurrency that bridges traditional finance and digital currencies, facilitating transactions while safeguarding users from the significant price fluctuations seen with cryptocurrencies like Bitcoin and Ether.

__________________________________________

The World Bank has maintained India's GDP forecast for FY25 at 7%, led by rising private consumption.

On 10th October 2024, the World Bank (WB) released a report titled "South Asia Development October 2024 Update: Women, Jobs and Growth." The report retained India's Gross Domestic Product (GDP) growth forecast for the Financial Year 2024-25 (FY25) at 7% Year-on-Year (Y-o-Y). This growth projection is mainly attributed to higher agricultural production and robust employment growth from policy initiatives, which further boost private consumption.


      - The World Bank has also retained India's GDP growth forecast at 6.7% for FY26 (2025-26).


     

     

Main Points:-   (i) The World Bank has raised its growth projection for the South Asia region to 6.4% in 2024, up from its previous estimate of 6.0%.

      (ii) The report cited several factors contributing to the positive growth in South Asia, including the strength of domestic demand in India and quicker recoveries in crisis-hit countries such as Sri Lanka and Pakistan.

(iii) Additionally, the report estimates that South Asia's output will grow by 6.2% in 2025. This growth projection is primarily driven by strong private consumption in India, along with increased tourism and hydropower exports in Bhutan, Nepal, and Sri Lanka.

About World Bank
President: Ajay Banga
Headquarters: Washington, D.C., United States
__________________________________________

WTO has lowered its forecast for world merchandise trade growth in 2025 from 3.3% to 3%.

On October 10, 2024, the World Trade Organization (WTO) released its latest bi-annual report titled "Global Trade Outlook and Statistics: October 2024." Here are the key points:


      - The WTO lowered its forecast for global merchandise trade growth in 2025 from "3.3% to 3%".


      - For 2024, the growth projection was increased from "2.6% to 2.7%".

      - The projected growth rate for global Gross Domestic Product (GDP) at market exchange rates is "2.7%" for both 2024 and 2025.

Main Points:-   In the first half of 2024, global merchandise trade grew by "2.3%, following a decline of "1.1% in 2023". This rebound is attributed to previous challenges like high inflation and rising interest rates.

     

About World Trade Organization (WTO)
Director General : Dr. Ngozi Okonjo-Iweala
Headquarters: Geneva, Switzerland
__________________________________________

Omar Abdullah has been sworn in as Chief Minister of Jammu and Kashmir, with Surinder Kumar Choudhary as Deputy Chief Minister.

On October 16, 2024, Omar Abdullah, who is 54 years old and the Vice President of the Jammu & Kashmir National Conference (JKNC), was officially sworn in as the new Chief Minister (CM) of the Union Territory (UT) of Jammu & Kashmir (J&K). This marks his second term as CM.


      - He is the first CM of UT J&K since the Indian government revoked Article 370 in 2019.


      - Alongside him, Surinder Kumar Choudhary was sworn in as the Deputy CM of UT J&K.

     

Main Points:-   (i) Manoj Sinha, the Lieutenant Governor of the Union Territory (UT) of Jammu & Kashmir (J&K), administered the oath of office and secrecy to Omar Abdullah and his five Council of Ministers during the swearing-in ceremony held at the Sher-i-Kashmir International Convention Centre (SKICC) in Srinagar, J&K.

      (ii) The JKNC-INC alliance won the elections by securing "48 out of 90 assembly seats. The JKNC (Jammu & Kashmir National Conference) became the single largest party with "42 seats, winning "35 seats in the Kashmir Valley" and "7 seats in the Jammu division. Its alliance partner, the INC (Indian National Congress), won "6 seats".

About Jammu & Kashmir (J&K)
Chief Minister (CM) : Omar Abdullah
Lieutenant Governor : Manoj Sinha
__________________________________________

Kais Saied has secured a second term as President of Tunisia, receiving 90.69% of the votes.

Tunisian President Kais Saied won his second term in the presidential election, receiving 90.69% of the votes. He was first elected in the 2019 presidential election after the death of former president Beji Caid Essebsi, who was Tunisia's first president elected by universal suffrage following the revolution.


      - In July 2021, Saied suspended parliament and amended the constitution to strengthen presidential powers.


      - Kais Saied is the first President of Tunisia born after the country gained independence from France in 1956.

      - He served as the Director of the Department of Public Law at the Faculty of Law, Economics, and Political Sciences in Sousse (Tunisia) from 1994 to 1999.

Main Points:-   (i) His closest competitor, businessman Ayachi Zammel, received only "7.4%" of the votes, while the third candidate, Zouhair Maghzaoui, garnered nearly "2%".

      (ii) Voter turnout for the election was low at just "28.8%", the lowest since Tunisia's Jasmine Revolution in 2011.

(iii) This election marked Tunisia's third presidential election since the 2011 Arab Spring, which resulted in the ousting of longtime dictator Zine El Abidine Ben Ali in January 2011.

About Tunisia
Prime Minister (PM): Kamel Maddouri
Capital : Tunis
__________________________________________

Deputy Governor of the RBI, Rajeshwar Rao, has received a one-year extension.

The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, has approved the re-appointment of M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI) for one year, starting from October 9, 2024, or until further orders.


      - Rao joined the RBI in 1984 and became an executive director in November 2016.


      - He was first appointed as Deputy Governor of the RBI in October 2020 for a three-year term.

     

Main Points:-   In September 2023, he was re-appointed as Deputy Governor for one year, effective from October 2023.

     

__________________________________________

World Post Day is celebrated on October 9, 2024.

World Post Day (WPD) is celebrated every year on October 9th to honor the establishment of the Universal Postal Union (UPU) in 1874 in Bern, Switzerland.


      - In 1969 : The UPU Congress in Tokyo (Japan) recommended celebrating UPU Day on October 9 each year to mark the union's founding.


      - In 1984 : The UPU Congress in Hamburg (Germany) officially renamed UPU Day as World Post Day.

     

Main Points:-   (i) The theme for WPD 2024, which marks the 150th anniversary of the UPU, is "150 years of enabling communication and empowering peoples across nations."

      (ii) This day highlights the important role of postal services in connecting people around the world.

__________________________________________

SpaceX has launched its mega Starship rocket on its fifth test flight.

On October 13, 2024, Space Exploration Technologies Corporation (SpaceX) successfully launched the fifth test flight of the Starship, a fully reusable two-stage super heavy-lift launch vehicle, from Starbase near Boca Chica, Texas, USA.


      - The empty Starship took off from Texas, near the Mexican border, reaching an altitude of around "400 feet (121 meters)".


      - The rocket flew over the Gulf of Mexico, similar to the previous four Starship flights.

      - The retro-designed spacecraft, launched by the booster, continued ascending to over "130 miles (212 kilometers)" high.

Main Points:-   (i) The Starship spacecraft can carry up to "150 metric tonnes" when fully reusable and "250 metric tonnes" when expendable.

      (ii) The Super Heavy booster is powered by "33 Raptor engines" that use sub-cooled liquid methane (CH4) and liquid oxygen (LOX).

(iii) The Starship is equipped with six engines: three Raptor engines and three Raptor Vacuum (RVac) engines, which are specifically designed for use in the vacuum of space.

About Space Exploration Technologies Corporation (SpaceX)
CEO : Elon Musk
Headquarters : Hawthorne, California
__________________________________________

The Indian Navy has launched the Missile-Cum-Ammunition Barge LSAM 12.

The Indian Navy (IN) has launched the 'Missile Cum Ammunition Barge, LSAM 12 (Landing Ship Ammunition) (Yard 80)', which will enhance its naval logistics and firepower.


      - This is the sixth vessel in an eight-ship project aimed at strengthening the Navy's operational capabilities.


      - It was built by M/s SECON Engineering Projects Pvt Ltd (SEPPL), located in Visakhapatnam, Andhra Pradesh (AP).

      - The launch was overseen by Commodore MV Raj Krishna, Company Commander, Mumbai (CoY-Mbi), and was conducted by SEPPL at its launch site, M/s Vinayaga Marine Petro Ltd, Mira Bhayandar, Maharashtra.

Main Points:-   (i) On "February 19, 2021, the Ministry of Defence (MoD) and SEPPL signed a contract for the construction of "8 Missile Cum Ammunition Barges".

      (ii) These barges are designed to facilitate the "transportation, embarkation, and disembarkation" of ammunition to naval platforms.

(iii) This project aligns with the "Make in India" initiative, showcasing India's growing self-reliance in defense manufacturing.

About Indian Navy (IN)
CNS : Admiral Dinesh Kumar Tripathi
Headquarters: New Delhi
__________________________________________

Spanish tennis player Rafael Nadal has announced his retirement after the 2024 season.

On October 10, 2024, Spanish tennis player Rafael Nadal, who is 38 years old, announced that he will retire from professional tennis at the end of 2024.


      - Nadal's final tournament will be the 'Davis Cup 2024, scheduled to be held in 'November 2024' in 'Malaga, Spain'.


      - Rafael Nadal began his professional career in '2001' at the age of just '15. He has won a total of '92 singles titles, including '22 Grand Slam titles, '11 doubles titles, and '6 team titles'.

      - He became the world No. 1 for the first time in "2008" after defeating "Roger Federer" in the Wimbledon final that year.

Main Points:-   (i) In "2010", Rafael Nadal achieved a "Surface Slam" by winning major titles on "three different surfaces" in the same year.

      (ii) He won his second gold medal in men's doubles at the "2016 Rio Olympics" partnering 'Marc Lopez' (Spain).

__________________________________________

World Mental Health Day 2024 will be observed on October 10.

World Mental Health Day (WMHD) is celebrated every year on October 10th to raise awareness about mental health issues and encourage support for those affected by them.


      - The annual observance of WMHD is organized by the World Federation for Mental Health (WFMH), which founded this day.


      - This day emphasizes the importance of mental health and aims to foster a supportive environment for individuals facing mental health challenges.

     

Main Points:-   (i) The theme for the UN's WMHD 2024 is "Mental Health at Work."

      (ii) WMHD was initiated as an annual event by WFMH in 1992, led by Richard Hunter, who was the Deputy Secretary General at the time.

(iii) The first WMHD was celebrated on October 10, 1992.

About the World Federation for Mental Health (WFMH)
Chairman: Tsuyoshi Akiyama
Secretary General: Gabriel Lubi Jaro
__________________________________________

World Egg Day 2024 will be celebrated on October 11.

World Egg Day (WED) is celebrated every year on the second Friday of October to promote awareness about the high-quality protein and essential nutrients found in eggs, as well as the important role of egg farmers worldwide.


      - The 28th World Egg Day (WED 2024) will be observed on October 11, 2024.


      - World Egg Day was established by the International Egg Commission (IEC), the only organization representing the global egg industry.

     

Main Points:-   (i) The theme for WED 2024 is "United by Eggs."

      (ii) The first World Egg Day was celebrated on October 11, 1996.

About the International Egg Commission (IEC)
Chairman: Juan Felipe Montoya
Headquarters : London
__________________________________________

AICTE and SIDM signed an MoU to enhance academia-industry collaboration in Defence and Aerospace.

The All India Council for Technical Education (AICTE) and the Society of Indian Defence Manufacturers (SIDM) have signed a Memorandum of Understanding (MoU) aimed at enhancing collaboration between academia and the defence industry. This agreement, which took place in New Delhi, is designed to prepare a future-ready workforce for the Defence and Aerospace sectors.


      - The MoU was signed by AICTE Chairman Prof. T.G. Sitharam and SIDM President Rajinder Singh Bhatia, with Union Minister for Defence Rajnath Singh present.


      - The agreement aims to foster a robust partnership between AICTE-approved institutions and the defence industry, facilitating the hiring of skilled graduates trained in relevant fields.

     

Main Points:-   (i) The MoU is set to last for three years, during which both parties will work closely to strengthen ties.

      (ii) The collaboration will involve developing faculty and student capabilities through specialized awareness programs. Additionally, it will provide industry internships in Defence and related sectors, enhancing students' employability in these fields.

(iii) This initiative seeks to align educational outcomes with industry needs, ultimately benefiting both students and the defence sector.

About All India Council for Technical Education (AICTE)
Chairman: T. G. Sitharam
Headquarters: New Delhi
__________________________________________

Utkarsh Small Finance Bank has appointed Mary Kom and Sunil Chhetri as its brand ambassadors.

Utkarsh Small Finance Bank (SFB) has appointed Olympic boxer Mary Kom and former Indian football team captain Sunil Chhetri as its brand ambassadors.


      - The brand ambassadors will participate in various initiatives for Utkarsh SFB, including financial literacy campaigns, product launches, branch inaugurations, and social media campaigns focused on inclusion and resilience.


      - The bank plans to launch a multi-channel campaign featuring ad films and social media content, highlighting stories of financial empowerment and success, with Mary Kom and Sunil Chhetri leading these messages.

     

Main Points:-   (i) Mangte Chungneijang Mary Kom, from Manipur, is the only woman to have won the World Amateur Boxing Championship six times.

      (ii) Sunil Chhetri, from Telangana, played for the Indian national football team, known as the Blue Tigers, from 2005 to 2024. He served as the team captain from 2012 to 2024.

About Utkarsh Small Finance Bank
MD & CEO : Govind Singh
Headquarters: Varanasi, Uttar Pradesh (UP)
__________________________________________

The 92nd Indian Air Force Day will be celebrated on October 8, 2024.

India Air Force (IAF) Day, also known as IAF Raising Day, is celebrated every year on October 8th to honor the establishment of the Indian Air Force (IAF) in 1932 as an auxiliary air force of the British Empire. This day highlights the IAF's vital role in protecting India and its citizens.


      - October 8, 2024, marks the 92nd IAF Day or 92nd IAF Raising Day.


     

     

Main Points:-   (i) The theme for the 92nd IAF Day is "Bhartiya Vayu Sena Saksham, Sashakt, Atmanirbhar" (Potent, Powerful, and Self-Reliant).

      (ii) The 92nd IAF Day celebrations took place from October 6 to 8, 2024, at Air Force Station Tambaram in Chennai, Tamil Nadu. The events included airshows, parades, and static displays, showcasing the concept of "Aatmanirbharta" (self-reliance).

(iii) This day serves to acknowledge the dedication and service of the IAF in safeguarding the nation.

About the Indian Air Force (IAF)
Chief of the Air Staff (CAS) : Air Chief Marshal Amar
Headquarters: New Delhi
__________________________________________

The Department of Posts and Amazon have signed a Memorandum of Understanding (MoU) to improve logistics and e-commerce in India.

On October 4, 2024, the Department of Posts (DoP), part of the Ministry of Communications, and Amazon Seller Services Private Limited signed a Memorandum of Understanding (MoU) to enhance logistics and e-commerce in India.


      - This agreement builds on their previous partnership, utilizing India's extensive postal network for sending and receiving packages.


      - The MoU was signed by Kushal Vashist, General Manager (Parcel Directorate) at DoP, and Venkatesh Tiwari, Director (Operations) at Amazon Seller Services, with Vandita Kaul, Secretary (Posts), present in New Delhi.

     

Main Points:-   (i) The MoU aims to explore joint opportunities in logistics and business growth, allowing Amazon to use the DoP's vast postal network for parcel deliveries across India.

      (ii) It includes key areas of cooperation, such as aligning logistics operations, sharing knowledge, and identifying capacity-sharing opportunities.

(iii) Both parties will conduct quarterly reviews to monitor the progress of their partnership and identify new ways to strengthen it.

About Department of Posts (DoP)
Secretary : Shri Vineet Pandey
Headquarters: New Delhi
__________________________________________

India's Jubilant Ingrevia has become a member of the World Economic Forum's Global Lighthouse Network.

Jubilant Ingrevia Limited, based in Noida, Uttar Pradesh, has recently joined the Global Lighthouse Network (GLN) of the World Economic Forum (WEF). Here are the key points about this achievement:


      - Jubilant Ingrevia is the only Indian company among the 22 innovative manufacturers welcomed into the GLN in 2024.


      - This inclusion highlights Jubilant Ingrevia's commitment to innovation, particularly in using technologies like Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) in its operations.

      - The company has successfully implemented over 30 integrated use cases of Fourth Industrial Revolution (4IR) technologies at its facility in Bharuch, Gujarat.

Main Points:-   (i) Jubilant Ingrevia aims to reduce its emissions by 20% over the next three years and is dedicated to implementing digital technologies across all its plants.

      (ii) The company has achieved a 60% reduction in process variability, nearly doubling its production volume.

(iii) There are some major companies in this network like AstraZeneca and Coca-Cola.

__________________________________________

Indian and South Korean bonds are set to be included in the FTSE Russell Government Indexes starting in 2025.

On October 8, 2024, FTSE Russell, the London-based index provider, announced that Indian and South Korean government bonds will be included in the FTSE Russell Government Indexes in 2025, aiming to attract billions of dollars in foreign investment to their local bond markets.


      - India's market accessibility level will be upgraded from 0 to 1, and Indian sovereign bonds will be added to the Emerging Markets Government Bond Index (EMGBI) starting September 2025.


      - FTSE Russell is the third index provider to incorporate Indian bonds into its emerging markets category, following the successful inclusion of these bonds in JP Morgan's Government Bond Index - Emerging Markets (GBI-EM) in June 2024, and Bloomberg Index Services' Emerging Market Local Currency (EMLC) beginning January 31, 2025.

      - FTSE Russell will include South Korean government bonds in its World Government Bond Index (WGBI) starting November 2025, constituting 2.22% of the index after two years on the watch list.

Main Points:-   (i) According to FTSE, Indian bonds will account for 9.35% of the index on a market value-weighted basis, making India the second-largest component after China.

      (ii) Since the announcement of Indian bonds' inclusion in JP Morgan's GBI-EM in September 2023, these bonds have attracted approximately USD 18.5 billion in foreign inflows.

(iii) As of October 2024, a total of 32 Indian government Fully Accessible Route (FAR) bonds, denominated in Indian Rupees (INR) with a cumulative outstanding par value of USD 473.8 billion, are expected to be eligible for inclusion in FTSE's EMGBI.

About Financial Times Stock Exchange (FTSE) Russell
CEO - Fiona Bassett
Headquarters - London
__________________________________________

Jio Payments Bank has obtained a mutual fund distribution license from AMFI.

Jio Payments Bank Limited, a subsidiary of Jio Financial Services, has secured a Category 1 Execution-Only Platform (EOP) license from the Association of Mutual Funds in India (AMFI) for mutual fund distribution.


      - This license allows the bank to distribute direct mutual fund plans and earn transaction fees capped at ₹2 per transaction.


      - Currently, there are 15 registered Category 1 EOPs with AMFI.

      - AMFI-registered EOPs can charge up to ₹2 per transaction and may impose additional payment gateway charges, with AMCs providing incentives of ₹0.50 to foster competition.

Main Points:-   (i) AMFI provides mutual fund distributors with a unique identifier called the ARN (AMFI Registration Number), ensuring they are registered and compliant with industry regulations.

      (ii) In August 2024, Jio Financial Services increased its stake in Jio Payments Bank from 78.95% to 82.17% by investing ₹68 crore.

(iii) To register for Category 1 EOP, the entity must be corporate, appoint a compliance officer, and have two key management personnel with at least three years of experience. Net worth should be ₹1 crore.

About Jio Payments Bank Limited
CEO & MD : H. Srikrishnan
Headquarter : Mumbai
__________________________________________

SEBI Extends Digital Relaxation for Annual General Meetings (AGMs) Until September 2025.

On October 4, 2024, the Securities and Exchange Board of India (SEBI) announced an extension of the relaxation previously granted to listed companies regarding the requirement to send physical copies of financial statements to shareholders for Annual General Meetings (AGMs). This extension is valid until September 30, 2025, extending the original deadline from September 2024.


      - The extension covers compliance with Regulation 36(1)(b) and Regulation 44(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.


      - On September 19, 2024, the Ministry of Corporate Affairs (MCA) issued a circular confirming the extension of this relaxation for AGMs conducted until September 30, 2025.

     

Main Points:-   (i) Listed companies must follow specific conditions outlined in SEBI’s Master Circular dated July 11, 2023.

      (ii) All relaxations are subject to the provisions of the Companies Act, 2013.

This move aims to facilitate smoother communication and compliance for listed companies during AGMs.

About SEBI
Chairperson: Madhabi Puri Buch
Headquarter : Mumbai
__________________________________________

Mukesh Ambani has topped Forbes' 2024 list of India's 100 richest individuals, with Gautam Adani ranking second.

Mukesh Ambani, the Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL), has once again topped Forbes India's 100 Richest 2024 List. His estimated net worth is USD 119.5 billion, which is an increase of USD 27.5 billion from USD 92 billion in 2023.


      - Following him is Gautam Adani, the Chairman of the Adani Group, ranked 2nd with an estimated net worth of USD 116 billion.


      - In 3rd place is Savitri Jindal, the matriarch of the OP Jindal Group. She moved up one position, making this her first time in the top 3, with a net worth of USD 43.7 billion, up by USD 19.7 billion from 2023.

     

Main Points:-   (i) Gautam Adani's net worth rose to USD 116 billion in 2024, which is an increase of USD 48 billion compared to his net worth in 2023. This is the highest increase by any Indian in a single year.

      (ii) Mukesh Ambani is the second biggest gainer on the list, with his net worth increasing by USD 27.5 billion compared to 2023.

About Forbes Media LLC
CEO: Mike Federle
Headquarters: Jersey City, New Jersey
__________________________________________

MS Dhoni has become the brand ambassador for Garuda Aerospace and has increased his investment in the drone startup.

Former Indian cricket captain Mahendra Singh (MS) Dhoni has been appointed as the Brand Ambassador for Garuda Aerospace, a leading drone startup based in Chennai, Tamil Nadu (TN). He has also increased his investment in the company.


      - MS Dhoni started his association with Garuda Aerospace in 2022, when Prime Minister Narendra Modi launched 100 drones at 100 different locations.


     

     

Main Points:-   (i) Garuda Aerospace focuses on innovative techniques to address India's growing demand for Unmanned Aerial Vehicles (UAVs).

      (ii) Garuda Aerospace was the first-ever drone startup to receive dual certifications from the Directorate General of Civil Aviation (DGCA) for both manufacturing and training.

(iii) Garuda Aerospace aims to make India a drone hub by the year 2030.

About Garuda Aerospace
CEO : Agnishwar Jayaprakash
Headquarters: Chennai
__________________________________________

A small rocky planet named 'Barnard b' has been detected by the European Southern Observatory's Very Large Telescope (ESO's VLT).

Astronomers have discovered an exoplanet orbiting Barnard's star, which is a red dwarf star and the closest single star to our Sun. This finding was made using the European Southern Observatory's Very Large Telescope (ESO's VLT) and published in the journal Astronomy & Astrophysics (A&A).


      - Barnard b is a newly discovered exoplanet with an estimated diameter of about 6,000 miles (9,700 kilometers), roughly three-quarters the size of Earth.


     

     

Main Points:-   (i) Barnard b is an exoplanet located twenty times closer to its star than Mercury is to the Sun, completing an orbit in just 3.15 Earth days. With a surface temperature of around 125 °C, it is notable for being one of the lowest-mass exoplanets known, with a mass less than that of Earth.

      (ii) There are three other potential planets around Barnard's star, with masses ranging from 20% to 30% of Earth's mass. All of these potential planets appear to be rocky and smaller than Earth.

__________________________________________

Former Director of AIIMS and Padma Bhushan Awardee Dr. P. Venugopal has passed away.

On October 8, 2024, Dr. Panangipalli Venugopal, a renowned cardiac surgeon and former Director of the All India Institute of Medical Sciences (AIIMS), passed away at the age of 82 in New Delhi. He was born on July 6, 1942, in Rajahmundry, Andhra Pradesh (AP).


      - The Government of India awarded him the Padma Bhushan in 1998 for his significant contributions to the field of medicine.


      - He served as the Director of AIIMS, New Delhi, from 2003 to 2008.

     

Main Points:-   (i) Dr. P. Venugopal played a key role in bringing modern cardiac surgery techniques to India in the 1970s. He was instrumental in establishing the Cardiothoracic Sciences Centre at AIIMS, which now conducts around 3,500 open-heart surgeries each year.

      (ii) On August 3, 1994, he performed the first heart transplantation in India and also conducted Asia's first Left Ventricular Assist Device (LVAD) implantation, which lasted over 90 days.

(iii) His memoir, titled "Heartfelt - A Cardiac Surgeon's Pioneering Journey," co-authored with his wife, Priya Sarkar, was published in 2023.

__________________________________________

National Postal Week 2024 is being celebrated from October 7 to 11.

National Post Week (NPW) is an annual celebration of Indian postal services that highlights the important role of India Post in promoting the socio-economic development of the country. This event is organized by the Department of Posts under the Ministry of Communications.


      - National Post Week is celebrated annually during the week that includes "World Post Day" observed on October 9. This day marks the establishment of the Universal Postal Union (UPU) in 1874.


      - World Post Day 2024" celebrates the 150th anniversary of UPU, with the theme: "150 years of enabling communication and empowering peoples across nations."

     

Main Points:-   The theme for NPW 2024 is "Dak Seva: Jan Seva" ("Postal Service - Public Service").

     

About the Ministry of Communication
Union Minister : Jyotiraditya M. Scindia
Headquarters: New Delhi
__________________________________________

MOSPI released the “Comprehensive Annual Modular Survey” for July 2022 to June 2023.

Ministry of Statistics and Program Implementation (MOSPI) released the “Comprehensive Annual Modular Survey (CAMS): July 2022 – June 2023”.


      - This survey was part of the 79th round of the National Sample Survey (NSS) conducted during the same period. Notably, the survey was not conducted in some villages in the Andaman and Nicobar Islands.


     

     

Main Points:-   (i) In rural areas, about 96.5% of people aged 15–24 years can read and write simple statements and perform basic arithmetic calculations. In urban areas, this figure is around 97.9%.

      (ii) For persons aged 15-29 years, this percentage is 95.3% in rural areas and 97.4% in urban areas, giving an overall figure of 95.9%. For people 15 years and above, the percentage is 77.3% in rural areas, 90% in urban areas and the overall average is 81.2%.

(iii) The average number of years of formal education for persons aged 15 years and above in India is 8.4 years. For those aged 25 and above, this average drops to 7.5 years.

__________________________________________

Colombia has become the 17th country to sign an audio-visual co-production agreement with India.

On 15 October 2024, India and Colombia signed an audio-visual co-production agreement to promote film production cooperation and strengthen cultural ties and goodwill between the two countries. With this, Colombia has become the 17th country to sign such an agreement with India.


      - The Ministry of Information and Broadcasting (MIB) of the Government of India has been instrumental in promoting these partnerships.


      - The agreement was signed by Dr. Loganathan Murugan, Minister of State (MoS) for MIB of India and Jorge Enrique Rojas Rodriguez, Deputy Minister of Foreign Affairs of Colombia, in New Delhi.

     

Main Points:-   (i) This agreement allows filmmakers from both countries to share resources, including creative, technical, financial and marketing support, which will benefit producers from India and Colombia.

      (ii) It aims to enhance India's soft power, create jobs in the film industry and attract foreign investment by improving India as a filming destination.

(iii) The agreement provides a clear funding process for film projects and seeks to promote the export of Indian films to Colombia.

About colombia
President: Gustavo Petro
Capital: Bogotá
__________________________________________

NITI Aayog has increased the asset monetization target for FY25 to ₹1.9 trillion.

The National Institution for Transforming India (NITI Aayog) has increased its Asset Monetisation (AM) target for the financial year 2024-25 (FY25) by ₹23,000 crore, bringing it to a total of ₹1.9 trillion. This adjustment aims to help achieve the overall target of ₹6 trillion set under the National Monetisation Pipeline (NMP) for the four-year period from FY22 to FY25.


      - The monetization of highway assets is projected to generate approximately ₹54,000 crore for the central government in the fiscal year 2025 (FY25).


      - The monetization of coal blocks is expected to raise around ₹55,000 crore.

      - The estimated revenue from the combined assets of these sectors is nearly ₹46,000 crore.

Main Points:-   (i) The Centre has begun discussions on a second monetisation pipeline for the next five-year cycle, according to officials.

      (ii) These monetization efforts are part of a broader strategy to enhance government revenue and improve infrastructure development across the country.

About NITI Aayog
CEO : B.V.R. Subrahmanyam
Headquarters: New Delhi
__________________________________________

World Migratory Bird Day 2024 is celebrated on October 12.

The United Nations (UN) observes World Migratory Bird Day (WMBD) twice a year, on the second Saturday of May and October. This day aims to raise awareness about migratory birds and the importance of international cooperation for their conservation.


      - WMBD 2024' will be celebrated on "May 11, 2024" and "October 12, 2024


      - WMBD 2023" was celebrated on *May 13, 2023* and "October 14, 2023.

      - WMBD 2025" will be observed on *May 10, 2025* and "October 11, 2025".

Main Points:-   The theme for WMBD 2024 is "Protect Insects, Protect Birds."

     

__________________________________________

Highlights of Phase 2 of the ITU WTSA Hackathon 2024.

The Phase-2 of the International Telecommunication Union (ITU) World Telecommunication Standardization Assembly (WTSA) Hackathon 2024 Completed on October 8, 2024, at Bharat Mandapam in New Delhi, Delhi.


      - Organized by the ITU and hosted by the Department of Telecommunications (DoT), Ministry of Communications (MoC) of India, the event centered around the theme "Al Bharat 5G/6G Sandbox."


      - The hackathon benefitted from a panel of 12 Indian and two international mentors, alongside guidance from an ITU Programme Officer.

     

Main Points:-   (i) Dr. Neeraj Mittal, Secretary of DoT, launched the Hackathon event.

      (ii) This event acted as a precursor to the WTSA 2024, scheduled for October 15-24, 2024, with Prime Minister Narendra Modi inaugurating it alongside the India Mobile Congress (IMC) in New Delhi.

(iii) The World Telecommunication Standardization Assembly (WTSA) will take place in New Delhi from October 15 to 24, 2024, representing a significant milestone in the advancement of 5G and 6G networks. This will be the first time in its 150-year history that WTSA is being held in India.

__________________________________________

NBBL Launches National Pension System on Bharat Connect Platform.

NPCI Bharat BillPay Limited (NBBL), a subsidiary of the National Payments Corporation of India (NPCI), has partnered with the Pension Fund Regulatory and Development Authority (PFRDA) to integrate the National Pension System (NPS) as a biller category on the Bharat Connect platform, previously known as the Bharat Bill Payment System (BBPS).


      - Individual investors can now easily contribute to their existing NPS accounts through Bharat Connect-enabled platforms.


      - This new category is now active on popular platforms such as Bharat Interface for Money (BHIM), PhonePe, MobiKwik, and Kotak Mahindra Bank’s net banking.

     

Main Points:-   (i) Bharat Connect has successfully onboarded all central record-keeping agencies, including Protean, KFintech, and Computer Age Management Services Limited (CAMS), ensuring that every existing NPS customer can conveniently make contributions through the platform.

      (ii) Additionally, NBBL has collaborated with Axis Bank Limited as a Biller Operating Unit (BOU) and partnered with technology service provider Setu for the integration of NPS within its platform.

__________________________________________

World Cotton Day was observed on October 7, 2024.

The United Nations (UN) observes World Cotton Day (WCD) annually on October 7 to raise awareness about the cotton sector and its vital role in economic development, international trade, and poverty alleviation.


      - This day also emphasizes the need for sustainable economic growth and decent work for everyone.


     

     

Main Points:-   (i) October 7, 2024, will mark the 4th observance of World Cotton Day.

      (ii) The idea for World Cotton Day began in 2019 when four cotton-producing countries in sub-Saharan Africa—Benin, Burkina Faso, Chad, and Mali—collectively known as the "Cotton Four"—proposed to the World Trade Organization (WTO) to celebrate World Cotton Day on October 7.

__________________________________________

India, Japan, the US, and Australia conducted the 28th Malabar Naval Exercise off the Indian coast.

The 28th edition of the multinational maritime exercise MALABAR (2024) began off the coast of Visakhapatnam, Andhra Pradesh, under the Eastern Naval Command. Taking place from October 8 to 18, 2024, the exercise involved participation from the Indian Navy, the United States Navy, the Japan Maritime Self-Defense Force, and the Royal Australian Navy.


      - The MALABAR 2024 Exercise is organized by the Indian Navy to improve interoperability and bolster maritime cooperation.


      - MALABAR 2024 consists of two phases: the Harbor Phase in Visakhapatnam, which includes planning sessions, cultural exchanges, and operational briefings, and the Sea Phase in the Bay of Bengal, where participating navies conduct anti-submarine warfare exercises, surface and air defense operations, and joint tactical maneuvers.

     

Main Points:-   The 22nd edition of the India-France Naval Exercise 'Varuna' took place in the Mediterranean Sea from September 2 to September 4, 2024, highlighting the strengthening defense collaboration between the two countries.

     

About Andhra Pradesh (AP)
Chief Minister (CM)- N. Chandrababu Naidu
Governor- S. Abdul Nazeer
__________________________________________

INS Talwar has arrived in South Africa to participate in IBSAMAR VIII.

On October 6, 2024, the Indian Naval Ship (INS) Talwar, a frontline stealth frigate of the Indian Navy, arrived at Simon's Town in South Africa to take part in the 8th edition of the India-Brazil-South Africa Maritime Exercise (IBSAMAR VIII), a joint multinational naval exercise involving the navies of India, Brazil, and South Africa.


      - The trilateral maritime exercise, which began on October 6, 2024, will continue until October 18, 2024.


      - The objective of the exercise is to enhance interoperability and strengthen the relationships between the navies of the three countries.

      - This exercise takes place just prior to the upcoming 2024 BRICS Summit in Russia.

Main Points:-   (i) The 7th edition of IBSAMAR was conducted at Port Gqeberha (formerly known as Port Elizabeth) in South Africa in 2022.

      (ii) The exercise focuses on Blue Water Naval Warfare, encompassing both Surface and Anti-Air Warfare dimensions.

(iii) INS Talwar (F40), commissioned into the Indian Navy on June 18, 2003, is part of the Western Fleet based in Mumbai, Maharashtra, under the Western Naval Command. The ship is currently commanded by Captain Jithu George.

About Indian Navy (IN)
Chief of Naval Staff (CNS)- Dinesh Kumar Tripathi
Headquarters: New Delhi
__________________________________________

RBI Holds Repo Rate Steady at 6.5% and Keeps FY25 GDP Growth Forecast at 7.2% in 4th Bi-monthly MPC Meeting.

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) convened from October 7 to October 9, 2024, and announced its fourth Bi-Monthly Monetary Policy for the Financial Year 2024-25 (FY25). The RBI continues to project India's real Gross Domestic Product (GDP) growth at 7.2% for FY25.


      - For FY25, RBI has estimated real GDP growth as follows: 7.0% for Q2, 7.4% for Q3, and 7.4% for Q4. The projection for Q1 of 2025-26 is set at 7.3%.


     

     

Main Points:-   (i) This meeting marked the 51st MPC session.

      (ii) The repo rate under the Liquidity Adjustment Facility (LAF) was maintained at 6.50%, remaining unchanged for the 10th consecutive time, with a majority vote of 5:1. Nagesh Kumar voted in favor of reducing the policy repo rate by 25 basis points.

About RBI
CEO : Shaktikanta Das
Headquarter : Mumbai
__________________________________________

RBI Awards White-Label ATM License to Mumbai-based EPS Company.

The Reserve Bank of India (RBI) has granted a White Label Automated Teller Machine (ATM) License (WLA) to Mumbai-based Electronic Payment and Services Limited (EPS), marking the first such issuance in 10 years. EPS is a privately-owned ATM outsourcing company.


      - The license has been issued under the Payment and Settlement Systems (PSS) Act, 2007, with the main goal of expanding ATM networks in rural and semi-urban areas of India.


      - With this license, EPS becomes the fifth company authorized to operate White Label ATMs in India.

      - EPS aims to deploy 9,000 White Label ATMs nationwide within the first three years under the brand name "EPS Bancs."

Main Points:-   (i) White Label ATMs are owned and managed exclusively by non-bank entities, such as Non-Banking Financial Companies (NBFCs), and are accessible to customers of any bank.

      (ii) Currently, there are four companies operating White Label ATMs (WLAs) in India: Hitachi Payment Services Private Limited, Tata Communications Payment Solutions Limited (TCPSL), India1 Payments Limited (BTI Payments Private Limited), and Vakrangee Limited.

(iii) TCPSL launched India's first White Label ATM, branded "Indicash," in Chandrapada, a small village in Thane district, Maharashtra, on June 27, 2013.

Electronic Payment and Services Limited (EPS)
CMD - Mani Mamallan
Headquarter : Mumbai
__________________________________________

ICICI Bank and MakeMyTrip Launch Co-branded Premium Credit Card.

Mumbai-based ICICI Bank Limited has teamed up with MakeMyTrip (MMT), a leading travel company, to introduce a premium co-branded credit card called the "MakeMyTrip ICICI Bank Credit Card," specifically designed for aspirational travelers in India.


      - This card is a dual offering, featuring two cards powered by Mastercard and RuPay. It has a joining fee of ₹999, with an annual/renewal fee starting from the second year.


      - Cardholders can earn unlimited reward points that never expire. The card also provides a unique value with myCash (MakeMyTrip's reward currency), where 1 myCash equals ₹1 in spendable money.

     

Main Points:-   (i) The RuPay credit card can be linked to the Unified Payments Interface (UPI), allowing safe and secure transactions through UPI-enabled applications.

      (ii) Additionally, the co-branded credit card includes complimentary MMTBLACK Gold membership, offering exclusive benefits on hotels, flights, and holiday packages.

About ICICI Bank
CEO: Sandeep Bakhshi
Headquarter : Mumbai
__________________________________________

Google Partners with Aditya Birla Finance and Muthoot Finance to Offer Personal and Gold Loans.

Google, the American search engine giant, has teamed up with Aditya Birla Finance Limited (ABFL) and Muthoot Finance Limited to enhance its financial services on Google Pay. This partnership was announced during the 10th edition of the Google for India event, held on October 3, 2024, in New Delhi.


      - Google is collaborating with Aditya Birla Finance to offer personal loans, while it is partnering with Muthoot Finance to provide gold-backed loans.


      - Through this initiative, Indians will have access to credit products with affordable interest rates and flexible usage options, offering borrowers flexibility and security for lenders.

     

Main Points:-   (i) According to Google India MD Roma Datta Chobey, about 11 per cent of the world's gold is housed in India.

      (ii) The organized gold loan market is projected to exceed ₹10 trillion in FY25 and may reach ₹15 trillion by March 2027, according to ICRA Limited.

__________________________________________

Sister Rosita Milesi and four women receive UNHCR's Nansen Refugee Award for their work with migrants.

Sister Rosita Milesi, a 79-year-old Brazilian nun, lawyer, and social worker, received the 2024 Nansen Refugee Award from the United Nations High Commissioner for Refugees (UNHCR) for her dedicated work in supporting the rights and dignity of refugees and migrants in Brazil for nearly 40 years.


      - The award ceremony took place on October 14, 2024, in Geneva, Switzerland.


     

     

Main Points:-   The regional winners for the 2024 awards include Maimouna Ba (Africa region), Jin Davod (Europe region), Nada Fadol (Middle East and North Africa region), and Deepti Gurung (Asia-Pacific region).

     

About UNHCR
High Commissioner : Filippo Grandi
Headquarters : Geneva, Switzerland
__________________________________________

Sony Pictures has appointed Ravi Ahuja as the new CEO, while Tony Vinciquerra will be stepping down from his position.

On October 1, 2024, Sony Pictures Entertainment (SPE), a subsidiary of Sony Group Corporation based in Tokyo, Japan, announced that Tony Vinciquerra will step down as Chairman and CEO of SPE on January 2, 2025.


      - Vinciquerra will continue to serve as a non-executive Chairman in an advisory role until December 2025.


     

     

Main Points:-   (i) Ravi Ahuja, who is currently the Chairman of Global Television Studios and the President and Chief Operating Officer (COO) of SPE, will become the new President and CEO of SPE starting January 2, 2025.

      (ii) Ahuja, based in Los Angeles, California, will report to Kenichiro Yoshida, the Chairman and CEO of Sony Group Corporation, and Hiroki Totoki, the President, COO, and Chief Financial Officer (CFO) of Sony Group Corporation.

About Sony Pictures Entertainment (SPE)
CEO : Ravi Ahuja
Headquarters: Culver City, California, United States
__________________________________________

CCI has approved JM Financial's acquisition of a 43% stake in JM Fin Credit Solutions.

The Competition Commission of India (CCI) has approved JM Financial Limited (JMFL) to acquire 43% of the total paid-up share capital of JM Financial Credit Solutions Limited (JMFCSL) for about Rs 1,282 crore. JMFL is the operating and holding company of the JM Financial Group.


      - Once the transaction is completed, JMFL's stake in JMFCSL will increase from 46.68% to 89.67%.


      - JMFCSL is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI) as a systematically important institution.

     

Main Points:-   (i) The CCI board has approved JM Financial Services Company Limited (JMFSCL) to acquire 71.79% of the total paid-up share capital of JMFARC, a subsidiary of JMFL, for Rs 856 crore. This will increase JMFSCL's stake in JMFARC from 9.98% to 81.77%.

      (ii) The goal is to use the expertise of JM Financial Group to achieve better risk-adjusted returns and move towards a diversified syndication model.

(iii) The Competition Commission of India (CCI) has approved the acquisition of the Home and Personal Care (HPC) division (non-food business) of Patanjali Ayurved Limited (PAL) by Patanjali Foods Limited (PFL) for Rs 1,100 crore.

__________________________________________

The Indian Army has unveiled its first upgraded T-90 'Bhishma' tank.

On October 7, 2024, the Indian Army (IA) unveiled its first upgraded T-90 'Bhishma' tank, which is an important step in improving the operational capabilities of its armored units. The ceremony was attended by the Chief of the Army Staff (COAS), Upendra Dwivedi.


      - This initiative is part of the Army's ambitious "Decade of Transformation," showcasing India's increasing ability to develop and enhance essential military platforms.


      - The T-90 tanks are manufactured under a license agreement with Russia and are produced at the Heavy Vehicles Factory (HVF) in Avadi, near Chennai, Tamil Nadu (TN).

      - The Indian Army has ordered a total of 1,657 T-90 tanks and currently operates around 1,300 units. The first set of these tanks is now undergoing a major overhaul.

Main Points:-   (i) The next round of testing for the upgraded T-90 'Bhishma' tank will include missile firing. The Defence Research and Development Organisation (DRDO) aims to complete various trials by January 2025.

      (ii) The user trials are expected to last between 12 to 18 months. During this period, the IA will evaluate the tank's performance in different conditions, including summer, winter, and high-altitude environments. The goal is to ensure that the tank meets all operational requirements before it goes into mass production.

(iii) The T-90 is expected to be ready for induction into active service by 2027.

About DRDO
Chairman: Sameer V. Kamat
Headquarters: New Delhi
__________________________________________

World Cerebral Palsy Day will be observed on 6 October 2024.

World Cerebral Palsy Day (WCPD) is observed annually on October 6 to raise awareness about Cerebral Palsy (CP). The goal is to ensure that children and adults with cerebral palsy have the same rights, access, and opportunities as everyone else in society.


      - In 2012, the Cerebral Palsy Alliance declared October 6 as WCPD.


      - This year’s World Cerebral Palsy Day will thus stand as a reminder to embrace and celebrate diversity, fostering a more inclusive world for everyone.

     

Main Points:-   The theme for World Cerebral Palsy Day 2024 is "#UniquelyCP".

     

About Cerebral Palsy Alliance (CPA)
Founder: Audrie and Neil McLeod
Headquarters: New South Wales, Australia
__________________________________________

World Habitat Day is observed on October 7, 2024.

World Habitat Day (WHD) is celebrated every year on the first Monday of October to reflect on the state of our living environments and to highlight everyone’s right to adequate shelter.


      - WHD 2024 Date : WHD was observed on October 7, 2024.


     

     

Main Points:-   (i) Theme for 2024 : The theme for WHD 2024 is "Engaging youth to create a better urban future."

      (ii) Global Ceremony Location : The global celebration for WHD 2024 took place in Mexico at the "Educational Cultural Center of the state of Querétaro."

(iii) WHD was first celebrated in 1986 with the theme "Shelter is My Right," and it was hosted by the city of Nairobi in Kenya.

__________________________________________

Union Minister Shivraj Singh Chauhan launched multiple schemes and laid the foundation for 500 km of new roads in Madhya Pradesh.

On October 8, 2024, Union Minister Shivraj Singh Chauhan participated in the Rural Self Employment Programme organized by the Ministry of Rural Development (MoRD) in Bhairunda, Madhya Pradesh. He launched several schemes under the Pradhan Mantri Awas Yojana (PMAY), focused on improving rural infrastructure, employment, and housing across India.


      - He also laid the foundation stone for 500 kilometers of newly paved roads under the Pradhan Mantri Gram Sadak Yojana (PMGSY) and introduced the Gram Sadak Survey and Planning tool.


     

     

Main Points:-   (i) During the event, he announced the Government of India’s approval for the establishment of five new Rural Self Employment Training Institute (RSETI) centers in Madhya Pradesh.

      (ii) He launched the Awas Sakhi mobile application for the beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) and introduced Community Managed Training Centres (CMTCs), with approximately 100 being rolled out across 18 states in the country.

About the Ministry of Rural Development (MoRD)
Cabinet Minister: Shivraj Singh Chauhan
Headquarters: New Delhi
__________________________________________

Minister of Labour and Employment Dr. Mansukh Mandaviya chaired the 194th meeting of the Employees' State Insurance Corporation.

Union Minister Dr. Mansukh Mandaviya, from the Ministry of Labour and Employment (MoL&E), chaired the 194th meeting of the Employees' State Insurance Corporation (ESIC) at its headquarters in New Delhi.


      - The meeting focused on improving medical care services, administration, financial matters, and reviewing ongoing construction projects.


      -

     

Main Points:-   (i) The Union Minister announced several key decisions aimed at strengthening the infrastructure and medical facilities of ESIC.

      (ii) To enhance medical education, the ESI Corporation approved the establishment of 10 new medical colleges across various states, including Andheri (Maharashtra), Basaidarapur (Delhi), Guwahati-Beftofa (Assam), Indore (Madhya Pradesh), Jaipur (Rajasthan), Ludhiana (Punjab), Naroda-Bapunagar (Gujarat), Noida and Varanasi (Uttar Pradesh), and Ranchi (Jharkhand).

(iii) The government has also extended the Atal Beemit Vyakti Kalyan Yojna for two years, which will be backdated and come into effect from July 1st this year to 30th June, 2026.

About the Employees' State Insurance Corporation (ESIC)
Director General (DG): Ashok Kumar Singh
Headquarters: New Delhi
__________________________________________

The Department of Atomic Energy (DAE) inaugurated the MACE Observatory, which is Asia's largest and highest imaging telescope, located in Ladakh.

On October 4, 2024, Dr. Ajit Kumar Mohanty, Secretary of the Department of Atomic Energy (DAE) and Chairman of the Atomic Energy Commission (AEC), inaugurated the Major Atmospheric Cherenkov Experiment (MACE) Observatory in Hanle, Ladakh. The project aims to enhance collaborations with other countries, thereby strengthening India's role in global space research.


      - The event was part of the DAE's 75th anniversary celebrations, during which Dr. Mohanty unveiled special plaques to commemorate the occasion.


     

     

Main Points:-   (i) Additionally, the event included a pictorial compilation that documented the journey of the MACE project, along with a screening of a film highlighting the telescope's scientific and technological achievements.

      (ii) The launch of the MACE telescope is a significant achievement for Indian astrophysics and cosmic ray research. MACE will detect high-energy gamma rays, helping scientists study powerful cosmic phenomena such as supernovae, black holes and gamma-ray bursts.

(iii) MACE is the largest Cherenkov telescope in Asia, situated at approximately 4,300 meters above sea level, making it the highest in the world.

About the Department of Atomic Energy (DAE):
Secretary : Dr. Ajit Kumar Mohanty
Headquarters : Mumbai, Maharashtra
__________________________________________

Nagaland collaborates with Wales for the 25th Hornbill Festival.

The Government of Nagaland has partnered with Wales, a country in the United Kingdom (UK), as one of the Country Partners for the 25th Hornbill Festival.


      - Nagaland Chief Minister Neiphiu Rio, currently on an official visit to Wales, signed an agreement in Cardiff with representatives from the Welsh Government, the British Council, and Wales Arts International.


      - This partnership signifies the grand conclusion of the year-long "Wales in India 2024" celebration.

      - It aims to strengthen bilateral ties, enhance people-to-people connections, and create opportunities for the youth.

Main Points:-   The Hornbill Festival, celebrated annually from December 1 to 10, 2024, honors Naga heritage and culture and is known as the "Festival of Festivals."are

     

About Nagaland
Chief minister: Neiphiu Rio
Capital: Kohima
__________________________________________

World Bank approves a loan of ₹15,000 crore for the development of Amaravati.

The World Bank (WB), along with the Asian Development Bank (ADB), has agreed in principle to provide a loan of ₹15,000 crore to Andhra Pradesh (AP) to help develop Amaravati as its capital city.


      - A confirmation letter for the loan has been sent to India’s Ministry of Finance (MoF). Final discussions are set for November 8, 2024, and the agreement is expected to be signed by November 15, 2024.


      - After the agreement, the Andhra Pradesh Capital Region Development Authority (APCRDA) will receive an initial payment of ₹3,750 crore in November 2024.

     

Main Points:-   (i) The total cost of the project is estimated at ₹49,000 crore, with ₹15,000 crore coming as a soft loan from the World Bank (WB).

      (ii) The loan includes a 15-year moratorium on repayment, with the costs shared between the central and state governments in a 90:10 ratio.

(iii) The funds will be used for infrastructure development, including residential and commercial areas on land pooled from farmers, as well as the construction of important government buildings like the state assembly and high court.

About Asian Development Bank (ADB)
President: Masatsugu Asakawa
Headquarters: Mandaluyong, Philippines
__________________________________________

India will host the first Kho Kho World Cup in 2025.

The Kho Kho Federation of India (KKFI), in partnership with the International Kho Kho Federation, has announced that India will host the first-ever Kho Kho World Cup in 2025. This event will feature 16 teams (both men’s and women’s) from 24 countries across six continents.


      - The goal of the Kho Kho World Cup 2025 is to promote this traditional Indian sport on an international level, unite nations, encourage cultural exchange, and showcase the excitement and beauty of Kho Kho to the world.


     

     

Main Points:-   (i) The tournament will consist of a week-long series of matches, where top athletes from around the globe will demonstrate their skills, agility, and teamwork.

      (ii) The Kho Kho Federation of India (KKFI) aims to include Kho Kho in the 2032 Olympic Games.

__________________________________________

World Space Week is celebrated from October 4th to 10th, 2024.

The United Nations (UN) celebrates World Space Week (WSW) every year from October 4th to 10th. This week aims to inspire and unite people globally, highlighting the important link between space technology and climate science.


      - Theme for World Space Week 2024: - "Space and Climatic Change."


     

     

Main Points:-   (i) In December 1999, the United Nations General Assembly (UNGA) passed resolution A/RES/54/68, designating October 4th to 10th of each year as World Space Week.

      (ii) The first World Space Week was celebrated from October 4th to 10th, 2000.

About the United Nations Office of Outer Space Affairs (UNOOSA)
Director: Aarti Holla-Maini
Headquarters: Vienna, Austria
__________________________________________

Daron Acemoglu, Simon Johnson, and James A. Robinson have been awarded the Sveriges Riksbank Prize in Economic Sciences for 2024.

On October 14, 2024, the Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 to: - Daron Acemoglu (Turkish-American economist) - Simon Johnson (British-American economist) - James A. Robinson (British economist and political scientist)


      - The Nobel laureates in the economic sciences have demonstrated the importance of societal institutions for a country’s prosperity.


      - They received this honor "for studies of how institutions are formed and affect prosperity."

     

Main Points:-   Prize Amount: 11 million Swedish kronor, to be shared equally among the laureates.

     

__________________________________________

The RBI has approved Partha Pratim Sengupta as the next MD and CEO of Bandhan Bank.

On October 8, 2024, the Reserve Bank of India (RBI) approved the appointment of Partha Pratim Sengupta as the Managing Director (MD) and Chief Executive Officer (CEO) of Bandhan Bank Limited.


      - His tenure will be 3 years, starting from the date he assumes charge, which should be before November 10, 2024.


      - Sengupta, who has four decades of experience in the banking industry, was groomed at SBI where he rose to the role of deputy managing director and chief credit officer. He took charge as the MD & CEO of Indian Overseas Bank (IOB) in July 2020.

     

Main Points:-   Partha Pratim Sengupta will succeed Ratan Kesh, who served as the interim MD and CEO after Chandra Sekhar Ghosh resigned on July 9, 2024.

     

About Bandhan Bank
CEO : Partha Pratim Sengupta
Headquarters: Kolkata
__________________________________________

ITTF-Asian Table Tennis Championships 2024 was held in Kazakhstan, where India finished 7th with 3 bronze medals.

The ITTF-Asian Table Tennis Championships 2024 held in Kazakhstan saw the Indian teams achieving notable success, with the men’s team securing a semi-final spot and the women’s team winning a historic bronze medal. India finished 7th overall, marking a significant performance at the continental event.


      - The Indian women’s team made history by winning a bronze medal after losing 3-1 to Japan in the semi-finals.


      - Key players included Ayhika Mukherjee, who lost a close match to Miwa Harimoto, and Manika Batra, who decisively defeated Satsuki Odo 3-0. Despite Sutirtha Mukherjee stepping in for Sreeja Akula, she lost to Mima Ito, while Batra fell to Harimoto in a crucial match.

      - The Indian men’s team qualified for the semi-finals after a 3-1 victory over Kazakhstan. Manav Thakkar secured a 3-0 win against Kirill Gerassimenko, while five-time Olympian Sharath Kamal dominated Aidos Kenzhigulov with the same score. Harmeet Desai also contributed with a hard-fought 3-2 victory, ensuring the team’s spot in the semi-finals. Both teams’ performances marked a significant achievement for Indian table tennis on the continental stage.

Main Points:-   (i) The women’s team achieved its first medal in the team event at the championships since they began in 1972.

      (ii) Overall, India has now won six bronze medals at the Asian Table Tennis Championships, with both the men’s and women’s teams contributing to this tally.

(iii) India will face either Hong Kong China or Chinese Taipei in the semi-finals on Thursday.

About the International Table Tennis Federation (ITTF)
President: Petra Sörling
Headquarters: Lausanne, Switzerland
__________________________________________

Bihar has received approval for its second tiger reserve in Kaimur.

The central government (CG) has approved the establishment of Bihar's second tiger reserve in the Kaimur district.


      - The Kaimur Wildlife Sanctuary is spread over an area of 1,504.96 sq km.


      - This decision was made during the 12th meeting of the National Tiger Conservation Authority (NTCA) and a technical committee.

      - The sanctuary supports sizable populations of leopard, sloth bear, chital, sambar, wild pig, nilgai, and chowsingha, besides about 70 species of birds, officials said.

Main Points:-   (i) This approval is important for wildlife conservation, especially in managing the increasing tiger population, which has surpassed the capacity of the existing Valmiki Tiger Reserve (VTR) in West Champaran District, Bihar.

      (ii) The VTR occupies a core area of 909.86 sq km of the Valmiki Sanctuary located in the West Champaran district.

About Bihar
Chief minister: Nitish Kumar
Governor: Rajendra Arlekar
__________________________________________

The Chhattisgarh government has renamed two urban schemes in honor of Deendayal Upadhyay.

The Chhattisgarh government has renamed two urban administration schemes after Pandit Deendayal Upadhyay, who was the ideologue of the Bharatiya Jana Sangh, the predecessor of the Bharatiya Janata Party (BJP). Previously, these schemes were named after former Prime Minister (PM) Rajiv Gandhi.


      - The Rajiv Gandhi Swavalamban Yojana is now called the Pandit Deendayal Upadhyay Swavalamban Yojana.


      - The Rajiv Gandhi Aajeevika Kendra Yojana has been renamed to Pandit Deendayal Upadhyay Aajeevika Kendra Yojana

     

Main Points:-   (i) The Urban Administration Department of Chhattisgarh issued this order on September 18, 2024.

      (ii) These schemes are managed by the Chhattisgarh Urban Infrastructure Development Fund.

About Chhattisgarh
Governor: Ramen Deka
Capital: Raipur
__________________________________________

GRSE has delivered INS Nirdeshak, the second of four survey vessels to the Indian Navy.

On 8th October 2024, Garden Reach Shipbuilders and Engineers (GRSE) Limited, based in Kolkata (West Bengal), delivered the Indian Naval Ship (INS) Nirdeshak (Yard 3026) to the Indian Navy. This ship is the second of four large survey vessels (SVL) being built for the navy.


      - The design is overseen by the Warship Design Bureau of the Indian Navy and is constructed at GRSE's headquarters in Kolkata. The SVL ships are designed and built following the classification rules of the Indian Register of Shipping by GRSE.


      - In December 2023, GRSE Limited delivered the Indian Naval Ship (INS) Sandhayak (Yard 3025), the first of the four Survey Vessel Large (SVL) ships, to the Indian Navy.

     

Main Points:-   (i) In 2018, the Ministry of Defence (MoD) and GRSE Limited signed a contract to build four Survey Vessel Large (SVL) ships for a total cost of ₹2,435 crores.

      (ii) In February 2024, the Indian Navy commissioned INS Sandhayak, the first of the four SVL ships, at the Naval Dockyard in Visakhapatnam, Andhra Pradesh.

About Garden Reach Shipbuilders and Engineers Limited (GRSE)
Chairman and Managing Director (CMD): Cmde PR Hari, IN (Retd.)
Headquarters: Kolkata, West Bengal (WB)
__________________________________________

Two women Navy officers are set to embark on an eight-month journey to sail around the world.

Lieutenant Commander (Lt. Cdr) Dilna K. and Lt. Cdr Roopa A., two women officers of the Indian Navy (IN), have embarked on a journey to circumnavigate the globe aboard a sailboat named 'Navika Sagar Parikrama' on the Indian Naval Sailing Vessel (INSV) Tarini.


      - The second edition of the Navika Sagar Parikrama expedition was flagged off on October 2, 2024, at the Ocean Sailing Node, INS Mandovi, near Panaji, Goa, by Navy Chief Admiral Dinesh K. Tripathi.


     

     

Main Points:-   (i) Navika Sagar Parikrama is a maritime expedition organized by the Indian Navy that involves sailing around the world with a crew of women officers.

      (ii) The voyage will cover approximately 23,000 nautical miles and is expected to take around 240 days, traversing four continents, three oceans, and three challenging capes.

(iii) The first edition of this expedition took place in 2017.

__________________________________________

The USA has approved the sale of 53 MK-54 torpedoes to India to enhance its naval capabilities.

The Defense Security Cooperation Agency (DSCA) of the United States has approved the sale of 53 MK-54 lightweight torpedoes, known as All-Up Rounds (AURs), to India. These torpedoes are valued at approximately USD 175 million (around Rs 14.7 billion).


      - The sale includes recoverable exercise torpedoes, air-launch accessories, spare parts, torpedo containers, and various technical support services.


      - The torpedoes are intended for use with India’s MH-60R Seahawk helicopters to enhance naval capabilities.

      - This sale supports U.S. foreign policy goals aimed at strengthening the strategic partnership with India in the Indo-Pacific and South Asia.

Main Points:-   (i) The sale will involve the temporary deployment of up to 12 U.S. personnel and one contractor to India each year for training and technical support.

      (ii) This acquisition will strengthen India’s anti-submarine warfare (ASW) capabilities by increasing the available weapons for the MH-60R helicopters.

(iii) 3. India’s first squadron of six MH-60R Seahawk helicopters was commissioned in March at INS (Indian Naval Ship) Garuda in Kochi, Tamil Nadu, for ASW and anti-surface warfare (ASUW).

__________________________________________

PM Modi inaugurated the 'Lal Tipara Gaushala,' India’s first modern gaushala equipped with a bio-CNG plant, in Gwalior, Madhya Pradesh.

On October 2, 2024 (Swachhta Diwas), Prime Minister Narendra Modi virtually inaugurated the 'Lal Tipara Gaushala,' India’s first modern and self-reliant cow shelter equipped with a Bio Compressed Natural Gas (CNG) plant in Gwalior, Madhya Pradesh.


      - The gaushala was established over 2 hectares in collaboration with Indian Oil Corporation Limited (IOCL) and developed at a cost of ₹32 crore from the CSR fund of IOCL.


      - The plant has the capacity to produce 3 tonnes of natural gas per day using 100 tonnes of cow dung and will also generate 20 tonnes of high-quality organic manure.

     

Main Points:-   The Gwalior Municipal Corporation (GMC), which operates the gaushala, contributed ₹5 crore towards the construction of the plant.

     

About Madhya Pradesh
Chief minister: Mohan Yadav
Governor: Mangubhai C. Patel
__________________________________________

HAL has delivered the first AL-31FP aero engine to the Indian Air Force for the Su-30MKI aircraft.

Hindustan Aeronautics Limited (HAL) has handed over the first AL-31FP aero engine, produced under a 240-engine contract, to the Indian Air Force (IAF) at Koraput, Odisha.


      - In September 2024, the MoD( Ministry Of Defence )signed a Rs. 26,000 crore contract with HAL for 240 AL-31FP aero engines for the Su-30MKI aircraft, with deliveries scheduled over the next eight years.


     

     

Main Points:-   (i) The event was attended by Sanjeev Kumar, Secretary (Defence Production) of the Ministry of Defence (MoD), and Dr. D K Sunil, Chairman and Managing Director of HAL.

      (ii) This milestone underscores HAL's capabilities in aero engine manufacturing and its commitment to supporting the IAF's Su-30MKI fleet.

(iii) The Sukhoi Engine Division in Koraput was established by HAL to oversee the complete production process of Su-30MKI engines, from raw materials to final assembly.

About Hindustan Aeronautics Limited (HAL)
Chairman & MD : Dr D K Sunil
Headquartered : Bengaluru, India.
__________________________________________

India has been ranked 105th in the Global Hunger Index (GHI) 2024, placing it in the "Serious" category.

According to the 19th edition of the Global Hunger Index (GHI 2024): How Gender Justice Can Advance Climate Resilience and Zero Hunger, India has been ranked 105th among 127 countries with an overall score of 27.3.


      - This marks an improvement of 6 places from its 111th position in 2023.


      - The report indicates that India is among 42 countries categorized as having "serious" hunger levels, alongside Pakistan (109th) and Afghanistan (116th).

     

Main Points:-   (i) The 2024 GHI score for the world is 18.3, considered moderate, which is a slight decrease from the 2016 GHI score of 18.8.

      (ii) The top 5 worst-performing countries are Somalia (127th), Yemen (126th), Chad (125th), Madagascar (124th), and the Democratic Republic of Congo (123rd).

__________________________________________

"Dr. Mohamed Muizzu's First Official Visit to India from October 6 to 10, 2024, Strengthens Bilateral Relations."

President of the Republic of Maldives, H.E. Dr. Mohamed Muizzu, will be travelling to India on a State visit on 6-10 October, 2024. This will be the first bilateral visit of President Dr. Muizzu to India. He had earlier visited India in June 2024 to attend the swearing-in ceremony of the Prime Minister and the Council of Ministers.


      - During his visit to India, President Dr. Muizzu will meet Rashtrapati Ji and hold discussions with Prime Minister Shri Narendra Modi on bilateral, regional, and international issues of mutual interest.


      - President Dr. Muizzu will also visit Mumbai and Bengaluru where he would be attending business events.

     

Main Points:-   (i) Additionally, the Indian government announced plans to repair and refit the Maldives Coast Guard ship (MCGS) Huravee, a patrol vessel gifted by India to the Maldives in 2006.

      (ii) Maldives is India's key maritime neighbor in the Indian Ocean Region (IOR) and holds a special place in Prime Minister's vision of ‘SAGAR’ (Security and Growth for All in the Region) and India’s ‘Neighbourhood First Policy’.

About Maldives
President: Mohamed Muizzu
Currency: Maldivian Rufiyaa
__________________________________________

PM Modi has laid the foundation stone for development projects valued at ₹7,600 crore in Maharashtra.

On October 9, 2024, Prime Minister Narendra Modi virtually laid the foundation stone for development projects exceeding ₹7,600 crore in Maharashtra. He inaugurated the upgrade of Dr. Babasaheb Ambedkar International Airport in Nagpur, with an estimated cost of ₹7,000 crore.


      - He inaugurated the Vidya Samiksha Kendra (VSK) of Maharashtra. VSK will provide students, teachers, and administrators with access to crucial academic and administrative data through live chatbots such as Smart Upasthiti, Swadhyay among others.


     

     

Main Points:-   (i) Additionally, he laid the foundation for a new integrated terminal building at Shirdi Airport, costing over ₹645 crore.

      (ii) The projects also include the operationalization of 10 government medical colleges across Maharashtra.

(iii) The PM inaugurated the Indian Institute of Skills (IIS) in Mumbai, established through a public-private partnership between the Tata Education and Development Trust and the Government of India.

About Maharashtra
Chief Minister: Eknath Shinde
Governor: C. P. Radhakrishnan
__________________________________________

The WHO has declared that India has eliminated trachoma as a public health problem in 2024.

The World Health Organization (WHO) has announced that the Government of India has eliminated trachoma as a public health problem. India received this recognition during the 77th Regional Conference of the WHO South-East Asia Region held in New Delhi.


      - Trachoma, caused by the bacterium Chlamydia trachomatis, has historically posed serious threats, especially to children. Globally, it affects approximately 150 million people, with 6 million at risk of severe visual impairment.


      - The disease spreads through close contact, shared personal items, and environmental factors such as poor hygiene and overcrowding.

     

Main Points:-   (i) India is the third country in the South-East Asia region to achieve this feat after Nepal and Myanmar.

      (ii) Trachoma is an eye disease caused by the bacterium Chlamydia trachomatis.

About the World Health Organization (WHO)
Director-General: Tedros Adhanom Ghebreyesus
Member Countries: 194 member states
__________________________________________

Coal production in India has increased by 5.85% in the fiscal year 2024-25.

The Ministry of Coal reported an increase in coal production in September 2024, reaching 68.94 million tons (MT). This is an increase from the 67.26 MT produced in September 2023, reflecting a growth of 2.49%.


      - Cumulative coal production up to September 2024 has reached 453.01 MT (provisional) in the fiscal year 2024-25, compared to 427.97 MT during the same period in FY 2023-24, showing a growth of 5.85%.


     

     

Main Points:-   (i) Additionally, coal dispatch also experienced growth in September 2024, reaching 73.37 MT, compared to 70.31 MT in September 2023, marking a growth of 4.35%.

      (ii) The cumulative coal dispatch up to September 2024 stood at 487.87 MT (provisional) in FY 2024-25, compared to 462.27 MT during the same period in FY 2023-24, reflecting a growth of 5.54%.

(iii) As of September 29, 2024, coal stock at Domestic Coal-Based power plants reached 33.46 million tons, up 51.07% from last year, supporting India's rising energy demands and self-sufficiency.

__________________________________________

SEBI Updates Nomination Regulations for Demat Accounts and Mutual Fund Investments.

The Securities and Exchange Board of India (SEBI) has revised the nomination rules for Mutual Funds (MF) and Demat Accounts, allowing holders to designate up to 10 nominees.


      - This decision was made during the SEBI board meeting on September 30, 2024, in Mumbai, Maharashtra.


      - The updated rules enable nominees to act on behalf of investors who are unable to do so, with certain safeguards in place. The asset transfer process to nominees will be simplified, reducing paperwork requirements.

      - Legal heirs of a deceased nominee won't have rights, and creditors' claims will take priority over asset transfers. Missing a 'choice of nomination' won't freeze accounts.

Main Points:-   (i) Nominees must have unique identifiers, which can be either a PAN (Permanent Account Number), passport number, or Aadhaar.

      (ii) Nomination is optional for joint demat accounts and mutual fund portfolios, and investors can change nominees without any limits.

About SEBI
Chairperson: Madhabi Puri Buch
Headquarter : Mumbai
__________________________________________

Japanese NGO Nihon Hidankyo has been awarded the Nobel Peace Prize 2024.

The Japanese Non-Governmental Organization (NGO) Nihon Hidankyo, a grassroots movement of Hibakusha—survivors of the atomic bombings in Hiroshima and Nagasaki—has been awarded the Nobel Peace Prize for 2024 by the Norwegian Nobel Committee in Oslo, Norway.


      - The award recognizes their efforts to create a world free of nuclear weapons and their demonstration through witness testimony that nuclear weapons must never be used again.


     

     

Main Points:-   (i) Prize Amount: 11 million Swedish Kronor.

      (ii) The Nobel Peace Prize is awarded on December 10, the anniversary of Alfred Nobel's death, a tradition that has been upheld since 1901.

__________________________________________

International Coffee Day is celebrated on 1 October 2024.

International Coffee Day (ICD) is celebrated annually on October 1 to honor coffee and those who contribute to its production.


      - This initiative, led by the International Coffee Organization (ICO), aims to recognize the hard work of individuals in the coffee industry, including farmers, roasters, baristas, and coffee shop owners.


     

     

Main Points:-   (i) The theme for International Coffee Day 2024 is "Coffee: Your Daily Ritual, Our Shared Journey."

      (ii) In March 2014, ICO member states agreed to observe International Coffee Day on October 1 each year to establish a unified celebration for coffee enthusiasts worldwide.

(iii) The inaugural International Coffee Day was celebrated on October 1, 2015, by 74 ICO member states and 26 coffee associations from around the globe.

__________________________________________

Fortune's 2024 list of the 100 Most Powerful Women in Business names Mary Barra as the top honoree.

On October 2, 2024, Fortune, an American global business magazine, released its latest list of the 100 Most Powerful Women (MPW) in Business for 2024. This list highlights 100 prominent businesswomen from various sectors, including finance, technology, healthcare, telecommunications, retail, energy, and more.


      - This marks the 27th edition of the Fortune MPW list, featuring women from six continents, 19 countries and territories, and 14 different industries.


      - Mary Barra, Chief Executive Officer (CEO) of General Motors (GM) based in the United States, topped the 2024 MPW in Business list, making this her 13th appearance on the list.

     

Main Points:-   According to the latest rankings, Karen S. Lynch, President and CEO of CVS Health Corporation, a leading health solutions company in the USA, has been ranked second globally. She is followed by Jane Fraser, CEO of Citigroup Inc., a multinational investment bank and financial services company based in New York City, who ranks third. Julie Sweet, Chair and CEO of Accenture Plc, is ranked fourth.

     

About Fortune Magazine
Chief Executive Officer (CEO): Anastasia Nyrkovskaya
Headquarters: New York City, USA
__________________________________________

The PSLV-37 upper stage successfully made a safe re-entry into Earth's atmosphere after 8 years.

The successful re-entry of the Indian Space Research Organization's (ISRO) upper stage of the Polar Satellite Launch Vehicle C-37 (PSLV C-37) into Earth's atmosphere occurred on October 6, 2024.


      - This achievement represents a significant milestone in ISRO's efforts to achieve a Debris Free Space Mission (DFSM) by 2030 through ongoing proactive measures.


      - Space debris includes defunct human-made objects in Earth's orbit, such as non-functional satellites, spent rocket stages, and fragments resulting from satellite collisions.

     

Main Points:-   (i) The orbital altitude of the PSLV upper stage had decayed to 134x148 km, and re-entry occurred over the North Atlantic Ocean.

      (ii) This re-entry within eight years aligns with the international debris mitigation guidelines set by the Inter-Agency Space Debris Coordination Committee (IADC), which limit the post-mission lifespan of defunct objects in Low-Earth Orbit (LEO) to 25 years.

(iii) ISRO is actively working to reduce the residual orbital lifetime of PSLV upper stages to 5 years or less through controlled de-orbiting techniques.

__________________________________________

Indian Olympian gymnast Dipa Karmakar has announced her retirement.

On 7th October 2024, Dipa Karmakar, India’s first female gymnastics Olympian, announced her retirement from professional competition at the age of 31, after a remarkable 25-year career in the sport.


      - Dipa Karmakar won a bronze medal at the 2014 Commonwealth Games in Glasgow, becoming the first Indian female gymnast to do so.


      - In 2021, Dipa won a gold medal at the Asian Gymnastics Championships in Tashkent, Uzbekistan

     

Main Points:-   (i) Dipa represented India at the 2016 Rio Olympics, where she became the first Indian female gymnast to participate in the Olympics and finished 4th in vault.

      (ii) She also earned a bronze at the Asian Championships and finished 5th at the 2015 World Championships, both firsts for Indian athletes.

(iii) In 2018, she won a gold medal at the Artistic Gymnastics World Cup in Türkiye, the first for any Indian gymnast at a global event, and also secured a bronze in Cottbus, Germany.

__________________________________________

World Vegetarian Day is celebrated on October 1, 2024.

World Vegetarian Day (WVD) is celebrated worldwide on October 1 each year to promote vegetarian cuisine and emphasize the advantages of a vegetarian lifestyle.


      - The day advocates for a meat-free lifestyle, emphasizing animal rights, environmental sustainability, and human health. It raises awareness about the benefits of vegetarianism and encourages people to embrace plant-based diets.


      - This day also initiates Vegetarian Awareness Month, which lasts from October 1 to November 1 (World Vegan Day).

     

Main Points:-   WVD was first established in 1977 by the North American Vegetarian Society (NAVS) and received endorsement from the International Vegetarian Union (IVU) in 1978.

     

__________________________________________

The 70th Wildlife Week will be observed from October 2 to 8, 2024.

Wildlife Week is celebrated annually in India from October 2 to 8 to raise awareness about the significance of wildlife conservation and the protection of India’s rich biodiversity.


      - Wildlife Week was conceptualized in 1952 when the Government of India established an advisory body known as the Indian Board for Wildlife (IBWL).


     

     

Main Points:-   (i) The year 2024 marks the 70th Wildlife Week in India.

      (ii) The theme for Wildlife Week 2024 is "Wildlife Conservation through Coexistence."

(iii) The first Wildlife Week was observed in 1957.

__________________________________________

Indian IPS Officer Pritpal Kaur Selected as Only Indian for '2024 IACP 40 Under 40' Award.

The International Association of Chiefs of Police (IACP), based in the United States, has selected Indian Police Service (IPS) officer Pritpal Kaur, Superintendent of Police (SP) of Phek district (Nagaland), for the '2024 IACP 40 Under 40' award. She is the only Indian chosen for this year’s award.


      - Pritpal Kaur is among 40 police officers selected from six countries worldwide for this honor.


      - The professionals recognized as '40 Under 40' awardees are seen as rising leaders in policing, regardless of their rank or title. They have served their agencies, colleagues, and communities with excellence, whether as professional staff, patrol officers, investigators, supervisors, or chiefs of police.

     

Main Points:-   (i) Indian IPS Officer Pritpal Kaur has been invited to Boston, Massachusetts (USA) to receive the '2024 IACP 40 Under 40' award on October 22, 2024.

     

About International Association of Chiefs of Police (IACP)
President: John Letteney
Headquarters: Alexandria, Virginia, United States
__________________________________________

Tamil Nadu Chief Minister M.K. Stalin has been honored with the Asia HRD Lifetime Achievement Award.

Muthuvel Karunanidhi Stalin (MK Stalin), Chief Minister of Tamil Nadu, has been honored with the Lifetime Achievement Award by the Asia Human Resource Development (Asia HRD) Academy in recognition of his outstanding contributions to human resource management.


      - The award was given by Fahmi Jowder (former Minister of Bahrain and Chairman of the Asia HRD Award Committee) and Mohamed Waheed Hassan Manik (Vice Chairman of the Asia HRD Awards Committee and former President of the Maldives) at the Chief Secretariat (Chief Secretariat) in Chennai, Tamil Nadu.


     

     

Main Points:-   (i) Asia HRD awards are presented in five categories: Lifetime Achievement, Contribution to Society, Contribution to Organization, Contribution to HR Community, and Movers and Shakers, each with its own set of criteria.

      (ii) Previous recipients include notable leaders such as Fidel V. Ramos (Philippines), Pehin Sri Haji Abdul Taib Mahmud (Malaysia), and Haris Silajdzic (Bosnia and Herzegovina), among others.

__________________________________________

Gujarat's SVPI Airport has received the Platinum Award for Energy Efficiency at the SEEMS Award.

Sardar Vallabhbhai Patel International (SVPI) Airport in Ahmedabad, Gujarat managed by Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises has won the Platinum Award in the Airport Sector under the Facility Category at the Society of Energy Engineers and Managers (SEEM) Awards held in New Delhi.


      - This award highlights the airport's commitment to creating a greener and more sustainable facility.


      - SVPI Airport received the award for its sustainable and energy-efficient initiatives, such as installing an efficient centrifugal chiller, which resulted in a 30% energy saving.

     

Main Points:-   The airport also replaced eight Internal Combustion Engine (ICE) vehicles with Electric Vehicles (EVs), leading to annual diesel savings of approximately 5,000 liters.

     

__________________________________________

Bihar CM Nitish Kumar unveils Logo, Mascot for Women's Asian Champions Trophy-2024.

Nitish Kumar, Chief Minister of Bihar, unveiled the logo and mascot named "Gudiya" for the Women's Asian Champions Trophy 2024, scheduled to be held from November 11 to 20, 2024, in Rajgir, Bihar. Notably, the Bihar cabinet has sanctioned ₹10 crore to Hockey India for hosting the championship.


      - The mascot is inspired by the house sparrow, an endangered species and the state bird of Bihar. It represents resilience, strength, and natural heritage.


      - Gudiya, holding a hockey stick, symbolizes the sport, while the goalkeeper's glove and nearby hockey ball represent strategy and teamwork, highlighting the government's commitment to women's empowerment.

     

Main Points:-   (i) The 2024 Women's Asian Champions Trophy is the 8th edition of this biennial field hockey tournament, featuring the six best Asian women's national teams.

      (ii) The event is organized by Hockey India and the Bihar Government, with support from the Asian Hockey Federation (AHF).

(iii) India has previously won the championship in 2016 and 2023.

__________________________________________

Breast Cancer Awareness Month: October 1–31, 2024.

Breast Cancer Awareness Month (BCAM) is celebrated globally from October 1 to 31 each year to raise awareness about breast cancer and its worldwide impact.


      - Breast Cancer Awareness Month, held in October every year, aims to promote screening and prevention of the disease, which affects one in eight women in the United States every year and 2.3 million women worldwide.


      - BCAM was first observed in October 1985, initiated by the American Cancer Society (ACS) and the pharmaceutical division of Imperial Chemical Industries.

     

Main Points:-   The theme for Breast Cancer Awareness Month 2024 is "No one should face breast cancer alone," emphasizing the vital support needed for individuals diagnosed with breast cancer and the challenges they may encounter in isolation.

     

__________________________________________

Meghalaya Chief Minister Conrad K. Sangma has launched the GREEN Meghalaya Plus Scheme.

Meghalaya Chief Minister Conrad Kongkal Sangma launched the GREEN (Grassroot level Response Towards Ecosystem Enhancement and Nurturing) Meghalaya Plus (GMP) Scheme in Tura, West Garo Hills District. This scheme provides financial incentives of up to Rs 20,000 per hectare annually to communities and individuals involved in forest conservation.


      - This initiative reflects the government's strong commitment to sustainable development and environmental preservation.


      - The scheme works through eco-friendly development projects to fight climate change, preserve biodiversity and improve the livelihoods of local communities.

      - The state government has allocated Rs 200 crore for future forest conservation activities.

Main Points:-   (i) The guidelines have been updated, reducing the minimum land requirement from 2 hectares to 1 hectare, allowing smaller landowners and communities to participate, and thus making the program more inclusive.

      (ii) Additionally, an additional reward of Rs 5,000 per hectare is available for community reserve areas and Rs 2,000 per hectare for sacred trees located in very dense forests or eco-sensitive areas.

About Meghalaya
Chief minister: Conrad Sangma
Governor: C. H. Vijayashankar
__________________________________________

Union Health Minister JP Nadda addressed the 77th session of the WHO Regional Committee for the South-East Asia Region.

On October 7, 2024, Union Minister Jagat Prakash Nadda, from the Ministry of Health and Family Welfare (MoH&FW), addressed the 77th session of the World Health Organization (WHO) Southeast Asia Region (SEARO) in New Delhi.


      - The WHO SEARO meeting included the election of office bearers, the establishment of a "Drafting Group for Resolutions and Decisions," the adoption of "Special Procedures" to regulate session conduct, and the approval of the provisional agenda.


     

     

Main Points:-   (i) The 77th session of the Regional Committee (RC77) for Southeast Asia took place from October 7 to 9, 2024.

      (ii) In his inaugural address, Union Minister JP Nadda emphasized that India’s health system adopts a "whole of government" and "whole of society" approach to achieve Universal Health Coverage (UHC), focusing on strengthening primary healthcare and essential services.

About the World Health Organization (WHO)
Director General (DG) : Tedros Adhanom Ghebreyesus
Headquarters: Geneva, Switzerland
__________________________________________

Union Cabinet Approves Proposals on October 9, 2024, Chaired by PM Narendra Modi.

On October 9, 2024, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved several significant proposals aimed at enhancing infrastructure and security.


      - The cabinet sanctioned the development of the world-class National Maritime Heritage Complex (NMHC) at Lothal, Gujarat, to be executed in two phases by the Ministry of Ports, Shipping & Waterways (MoPSW).


      - Additionally, approved the construction of 2,280 km of roads in Rajasthan and Punjab, with an investment of ₹4,406 crore.

     

Main Points:-   (i) The cabinet also decided to continue the universal supply of Fortified Rice Kernels (FRK) under various Central Government schemes, including the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), from July 2024 to December 2028, at a cost of ₹17,082 crore.

      (ii) In terms of national security, the Cabinet Committee on Security (CCS) approved deals for the procurement of 31 MQ-9B High Altitude Long Endurance (HALE) Unmanned Aerial Vehicles (UAV) from General Atomics of the USA, along with the indigenous construction of two Nuclear Attack Submarines (SSN), further strengthening India’s defense capabilities.

__________________________________________

The Interest Equalisation Scheme (IES) has been extended for three months, with a cap set at Rs 50 lakh.

The Directorate General of Foreign Trade (DGFT) has extended the Interest Equalisation Scheme (IES) for pre- and post-shipment rupee export credit for an additional three months, now lasting until December 31, 2024, to promote India's outbound shipments.


      - The scheme is fund-limited, with earlier benefits for individual exporters capped at Rs 10 crore per annum per Import Export Code (IEC). This cap has now been raised to Rs 50 lakh.


      - The DGFT has announced that fiscal benefits for each Micro, Small & Medium Enterprises (MSME) will be capped at Rs 50 lakh in total for the fiscal year 2024-25, valid until December 2024.

      - MSME manufacturer exporters who have already received an equalisation benefit of Rs 50 lakh or more by September 30, 2024, will not be eligible for any further benefits during the extended period.

Main Points:-   This scheme was initiated on April 1, 2015, originally valid for five years until March 31, 2020, and has since been extended multiple times with additional fund allocations.

     

__________________________________________

Secretary Gina Raimondo and Piyush Goyal co-chaired the 6th U.S.-India Commercial Dialogue Meeting.

On October 3, 2024, Union Minister Piyush Goyal from the Ministry of Commerce and Industry (MoCI) and Gina Raimondo, the U.S. Secretary of Commerce, co-chaired the 6th consecutive India-U.S. Commercial Dialogue at the U.S. Department of Commerce in Washington, D.C.


      - Piyush Goyal visited the U.S. from September 30 to October 3, 2024, at the invitation of Gina Raimondo.


     

     

Main Points:-   (i) Shri Goyal and Secretary Raimondo will talk about improving critical minerals supply chains between India and the USA, aiming to sign a MoU for better collaboration.

      (ii) Minister Goyal will meet USTR (United States Trade Representative) Ambassador Katherine Tai in Washington, DC, to discuss enhancing bilateral trade.

About U.S.A (United States)
Capital: Washington, D.C.
President : Joe Biden
__________________________________________

Vivriti Capital Secures USD 25 Million ADB Loan for Climate Initiatives.

Vivriti Capital Limited (VCL), a non-banking finance company (NBFC), has successfully raised a USD 25 million senior secured debt facility from the Asian Development Bank (ADB) to support its climate finance efforts.


      - This four-year bond marks the first of its kind issued by an NBFC and is aimed at expanding VCL's green finance portfolio.


      - At least 30% of the funds received will be spent on electric vehicles (EVs), including investments in charging stations and battery swapping facilities.

     

Main Points:-   (i) Certified by the Climate Bonds Initiative, the bond is designed to enhance access to climate finance for financially underserved sectors, including micro, small, and medium-sized enterprises (MSMEs), mid-market corporates, and retail clients across India.

      (ii) India is committed to ambitious environmental goals in its updated nationally determined contributions, including a target to reduce carbon emissions by one billion tons by 2030 and achieve net-zero emissions by 2070.

__________________________________________

South Korean author Han Kang has won the Nobel Prize in Literature for 2024.

South Korean writer and novelist Han Kang has been awarded the Nobel Prize in Literature 2024 "for her intense poetic prose that confronts historical traumas and exposes the fragility of human life."


      - She is the first South Korean to win a Nobel Prize in literature and the second Nobel laureate from South Korea, following former President Kim Dae Jung, who received the Nobel Peace Prize in 2000.


     

     

Main Points:-   (i) The Royal Swedish Academy of Sciences in Stockholm, Sweden announced the award on October 10, 2024.

      (ii) Han Kang began her career in 1993 with the publication of a number of poems in the magazine ‘Literature and Society’.

__________________________________________

PM Modi's One-Day Visit to Maharashtra Launches Initiatives Worth ₹23,300 Crore in Washim and ₹32,800 Crore in Thane.

Prime Minister Narendra Modi paid a one-day visit to Washim and Thane in Maharashtra on October 5, 2024. He launched several initiatives worth about ₹23,300 crore in agriculture and animal husbandry sectors in Washim, Maharashtra and also inaugurated over 7,500 projects worth over ₹1,920 crore under the Agriculture Infrastructure Fund (AIF).


      - In Thane, PM Modi inaugurated and laid the foundation stones for several initiatives exceeding ₹32,800 crore, aimed primarily at enhancing urban mobility in the Mumbai Metropolitan Region (MMR).


     

     

Main Points:-   (i) PM Modi took part in the Abhijat Marathi language program held in Mumbai, Maharashtra.

      (ii) While addressing the event, he informed that the Marathi language has officially been granted the status of a classical language by the Government of India (Gol).

About Maharashtra
Chief Minister (CM) - Eknath Shinde
Governor- CP Radhakrishnan
__________________________________________

IFC has joined forces with Axis Bank to offer a USD 500 million loan aimed at financing green projects in India.

On October 7, 2024, the International Finance Corporation (IFC), the private lending arm of the World Bank Group (WBG), announced a partnership with Axis Bank Limited, India’s leading private sector bank, to provide a USD 500 million loan (approximately Rs 4,200 crore). This funding aims to develop a blue finance market and scale up financing for green projects in India.


      - In 2016, Axis Bank issued India’s first green USD bond and, in 2021, the first sustainable USD Additional Tier 1 (AT1) bond.


     

     

Main Points:-   (i) Blue Loan - A blue loan is a financing instrument that raises money for projects that are ocean-friendly or related to clean water resources.

      (ii) Green Loan - A green loan is a type of financing that supports environmentally friendly projects and activities. Green loans can be used by companies, local governments, and other organizations.

About International Finance Corporation (IFC)
Managing Director (MD): Makhtar Diop
Headquarters : Washington, D.C., United States
__________________________________________

Football: India Clinches SAFF U-17 Championship 2024, Beats Bangladesh 2-0.

India's Under-17 men's football team, known as the Blue Colts, claimed victory in the 2024 South Asian Football Federation (SAFF) U-17 Championship by defeating Bangladesh 2-0 in the final, which took place at the Changlimithang Stadium in Thimphu, Bhutan.


      - This victory marks India's 6th SAFF championship title, following previous wins in 2013, 2017, 2019, 2022, and 2023.


      - The 2024 SAFF U-17 Championship is the 9th edition of this international competition for men's U-17 national teams, held from September 20 to 30, 2024.

     

Main Points:-   (i) Mohammedd Arbash from India was named Player of the Tournament, while Aheibam Suraj Singh was recognized as the Goalkeeper of the Tournament.

      (ii) 2024 पुरुष SAFF U-17 चैंपियनशिप में सात टीमों ने भाग लिया: भारत, बांग्लादेश, भूटान, मालदीव, नेपाल, श्रीलंका, और पाकिस्तान।

__________________________________________

Jamaican PM Andrew Holness Concludes 4-Day Visit to India to Enhance Trade and Investment Ties.

Andrew Holness, Prime Minister of Jamaica, visited India for four days from 30th September 2024 to 3rd October 2024 to strengthen bilateral ties in key areas such as trade and investment.


      - This visit is expected to bolster bilateral relations, enhance economic cooperation, and solidify the longstanding bonds between Jamaica and India," the Ministry of External Affairs (MEA) said, announcing the trip.


     

     

Main Points:-   (i) During this visit, India and Jamaica exchanged four 4 Memorandums of Understanding (MoUs) in the areas of Digital Public Infrastructure, Cultural Exchange, and Sports.

      (ii) This historic visit includes meetings with PM Modi, President Murmu, and Vice President Dhankhar.

About Jamaica
Prime Minister - Andrew Holness
Capital - Kingston
__________________________________________

The National Space Commission has approved India's fifth lunar mission, 'Lupex.'

The National Space Commission, India's top authority for space missions, has given the green light for the Lunar Polar Exploration Mission (Lupex), marking India's fifth lunar mission. This mission will be a collaborative effort between the Indian Space Research Organisation (ISRO) and Japan's Japan Aerospace Exploration Agency (JAXA).


      - The mission will land at the Moon's south pole to investigate water and other resources, as well as analyze the interaction of water with lunar regolith.


      - JAXA will develop the rover and launch vehicle, while ISRO will create the lander system. The Lupex rover will weigh approximately 350 kg, making it much larger than the 26 kg Pragyan rover from Chandrayaan-3.

     

Main Points:-   (i) Lupex aims for a lunar surface duration of up to 100 days, significantly longer than Chandrayaan-3's 20 days.

      (ii) As part of Lupex, ISRO's Liquid Propulsion Systems Centre (LPSC) will develop a new lander engine designed for potential human landings on the Moon.

__________________________________________

PM Modi marked the 10th anniversary of the Swachh Bharat Abhiyan.

On 2nd October 2024, Prime Minister (PM) Narendra Modi participated in the Swachh Bharat Diwas program held at Vigyan Bhawan in New Delhi. This event celebrated the 155th birth anniversary of Mahatma Gandhi.


      - The program was organized to mark the successful completion of 10 years of the Swachh Bharat Mission (SBM), which is one of the most significant mass movements for cleanliness in India.


      - During the event, PM Modi launched and laid the foundation stone for several sanitation and cleanliness projects, totaling over Rs 9,600 crore.

     

Main Points:-   (i) Theme of SHS 2024: 'Swabhav Swachhata- Sanskar Swachhata'.

      (ii) Additionally, the SHS 2024 campaign, observed across India from 17th September 2024 to 2nd October 2024, successfully concluded with the Swachh Bharat Diwas program.

__________________________________________

MoH&FW has increased the monthly nutrition support for TB patients to Rs 1,000.

On 7th October 2024, Union Minister Jagat Prakash (JP) Nadda, from the Ministry of Health and Family Welfare (MoH&FW), announced significant enhancements to nutritional support for tuberculosis (TB) patients. These initiatives aim to improve the health and recovery of TB patients and their household contacts.


      - The Ni-Kshay Poshan Yojana (NPY) has raised the monthly nutritional support from Rs. 500 per patient to Rs. 1,000 per patient throughout their treatment.


      - The initiative will incur an additional cost of Rs. 1,040 crores, to be shared between the central and state governments at a ratio of 60:40.

     

Main Points:-   (i) This will be introduced for all patients with a Body Mass Index (BMI) below 18.5 kg/m² at the time of diagnosis. Under NPY, TB patients will receive a total nutritional support ranging from Rs. 3,000 to Rs. 6,000 annually. Approximately 25 lakh TB patients will benefit from this, including 12 lakh individuals who are underweight.

      (ii) To date, Rs. 3,202 crores have been disbursed to 1.13 crore beneficiaries through Direct Benefit Transfer (DBT) under NPY.

(iii) India aims to eliminate tuberculosis by 2025, ahead of the global target of 2030 for sustainable development.

About Ministry of Health and Family Welfare (MoH&FW)
Minister : J. P. Nadda
Headquarters: New Delhi
__________________________________________

SBI Card and Singapore Airlines Launch Two Co-Branded Credit Cards: KrisFlyer SBI Card and KrisFlyer SBI Card Apex.

SBI Cards and Payment Services Limited (SBI Card), a non-banking financial company, has collaborated with Singapore Airlines (SIA) to introduce two co-branded credit cards: the "KrisFlyer SBI Card" and the "KrisFlyer SBI Card Apex."


      - Both cards are available on American Express and Mastercard platforms, offering curated rewards for frequent flyers.


      - Designed for super-premium cardholders, these travel-centric credit cards provide exclusive privileges in the air and on the ground with the SIA Group, including Singapore Airlines, Scoot airline, KrisShop.com, the Kris+ lifestyle app, and Pelago.

     

Main Points:-   (i) The cards will be accepted at over 24 million outlets worldwide, including 325,000 locations in India.

      (ii) The joining and annual renewal fee for the KrisFlyer SBI Card is Rs 2,999 plus applicable taxes, while the fee for the KrisFlyer SBI Card Apex is Rs 9,999 plus applicable taxes.

About Singapore Airlines
CEO: Goh Choon Phong
Headquarters: Singapore
__________________________________________

David Baker, Demis Hassabis, and John Jumper have been awarded the Nobel Prize in Chemistry 2024.

American biochemist David Baker, Demis Hassabis, CEO of DeepMind Technologies Limited (a subsidiary of Google), and American chemist John Jumper received this honor from the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 9, 2024.


      - David Baker was recognized "for computational protein design," while Demis Hassabis and John Jumper were awarded "for protein structure prediction."


     

     

Main Points:-   (i) David Baker has accomplished the remarkable feat of designing entirely new types of proteins, showcasing innovative advancements in protein engineering.

      (ii) Demis Hassabis and John Jumper have created an AI model that addresses a 50-year-old challenge in science: predicting the complex structures of proteins. These groundbreaking discoveries hold immense potential for future applications.

(iii) The prize amount is 11 million Swedish kronor, with half going to David Baker and the other half shared between Demis Hassabis and John Jumper.

__________________________________________

The government has assigned the additional charge of RINL's CMD to Ajit Kumar Saxena.

Ajit Kumar Saxena has been appointed as the additional Chairman and Managing Director (CMD) of Rashtriya Ispat Nigam Limited (Vizag Steel), a Central Public Sector Undertaking (CPSU) based in Visakhapatnam, Andhra Pradesh. He will assume this new role immediately.


      - Ajit Kumar Saxena is currently the Chairman and Managing Director (CMD) of MOIL(Manganese Ore (India) Limited ), a PSU under the Ministry of Steel.


      - He will take charge in the absence of Atul Bhatt who has been on leave until 30th November.

     

Main Points:-   (i) Additionally, since Atul Bhatt will retire on 30th November, Saxena will take on extra responsibilities to enhance the conditions and growth of RINL.

      (ii) A steel ministry document reveals that RINL is facing significant financial difficulties. The company has been operating at minimal capacity and incurring ongoing losses. Its total dues have exceeded ₹35,000 crore, putting it at risk of being classified as a non-performing asset by banks.

About Rashtriya Ispat Nigam Ltd (RINL)
Founded: 1982
Headquarters: Visakhapatnam
__________________________________________

Martin Schlegel Appointed Chairman of the Swiss National Bank's Governing Board, Succeeds Thomas Jordan.

On October 1, 2024, Martin Schlegel assumed the role of Chairman of the Governing Board of the Swiss National Bank (SNB), succeeding Thomas Jordan. He also took charge as the Head of SNB's Department I in Zurich, Switzerland.


      - Schlegel had previously served as the Vice Chairman of the Governing Board and led SNB's Department II since 2022. He joined the SNB in 2003 and was an Alternate Member of the Governing Board from 2018 to 2022.


      - During its meeting on 26 June 2024, the Federal Council appointed Martin Schlegel as the new Chairman of the SNB's Governing Board, effective from 1 October 2024.

     

Main Points:-   Antoine Martin was appointed Vice-President of the Governing Board and Head of Department II in Bern. Petra Tschudin was named the new member of the Governing Board and head of Department III in Zurich.

     

About Swiss National Bank
Chairman: Martin Schlegel
Headquarters: Bern and Zürich
__________________________________________

Mumbai Cricket Team Claims Irani Cup Title for the 15th Time in the 2024-25 Season.

The Mumbai Cricket Team, captained by Ajinkya Rahane, won the 2024-25 Irani Cup, the 61st edition of this important first-class tournament in India. They defeated the Rest of India Team, led by Ruturaj Gaikwad, based on their first-innings lead. This victory marks Mumbai's 15th Irani Cup title and their first since 1997.


      - The tournament was held from October 1 to 5, 2024, at the Bharat Ratna Atal Bihari Vajpayee Ekana Stadium in Lucknow, Uttar Pradesh.


     

     

Main Points:-   (i) For their win, the Mumbai Team received ₹50 lakhs from the BCCI and an extra ₹1 crore from the Mumbai Cricket Association.

      (ii) Karnataka are the second-most successful domestic team in the Irani Cup, winning six titles from eight editions.

__________________________________________

International Day of Older Persons is observed on October 1.

The United Nations (UN) International Day of Older Persons (IDOP) is celebrated worldwide on October 1 each year to acknowledge the vital contributions of older individuals, defined as those aged 65 and above.


      - October 1, 2024, marks the 34th anniversary of IDOP.


     

     

Main Points:-   (i) The theme for IDOP 2024 is "Ageing with Dignity: The Importance of Strengthening Care and Support Systems for Older Persons Worldwide."

      (ii) This theme emphasizes the urgent need to enhance care systems in response to the aging global population, focusing on the significant demographic shift toward older age groups.

__________________________________________

Padma Awardee Ratan Tata, Chairman Emeritus of Tata Sons has passed away.

Veteran Indian industrialist and philanthropist Ratan Naval Tata, Chairman Emeritus of Tata Sons, passed away at the age of 86 at Breach Candy Hospital in Mumbai, Maharashtra. He was born on December 28, 1937, in Bombay Presidency, British India (now known as Mumbai).


      - Ratan Tata was awarded the Padma Bhushan, India's third highest civilian honor, in 2000, and the Padma Vibhushan, India's second highest civilian honor, in 2008 by the Government of India for his outstanding contributions to trade and industry.


      - Karnataka Minister G Parameshwara on Thursday paid a heartfelt tribute to Ratan Tata, hailing him as a pioneer who transformed India's industry landscape and built a strong foundation for Indian industries.

     

Main Points:-   (i) .He was bestowed with the Oslo Business for Peace Award in 2010.

      (ii) Under Ratan Tata's leadership, Tata Motors launched the Tata Indica, India's first indigenously designed passenger car, in 1998.

__________________________________________

World Teachers' Day observed on 5 October.

The United Nations Educational, Scientific and Cultural Organization (UNESCO) celebrates World Teacher's Day (WTD) each year on October 5 to honor the crucial contributions of teachers and their role in shaping future generations.


      - This day highlights the challenges faced by teachers, raises awareness of their vital role, and allows students to express gratitude for their impactful guidance.


     

     

Main Points:-   (i) The theme for World Teacher's Day 2024 is "Valuing Teacher Voices: Towards a New Social Contract for Education."

      (ii) World Teachers' Day was established by UNESCO in 1994.

__________________________________________

International Day of Non-Violence - October 2, 2024

The International Day of Non-Violence, observed annually on October 2, commemorates the birthday of Mahatma Gandhi, the leader of the Indian Independence Movement known for his philosophy of non-violence and peace.


      - October 2, 2024, marks the 155th anniversary of Mahatma Gandhi's birth and the 18th International Day of Non-Violence.


     

     

Main Points:-   (i)This day was established by the United Nations General Assembly (UNGA) through resolution A/RES/61/271 on June 15, 2007, following a proposal by Iranian Nobel Laureate Shirin Ebadi in June 2004.

      (ii) In India, October 2 is observed as "Gandhi Jayanti".

__________________________________________

Assam Becomes the First State to Introduce Co-Districts as a New Administrative Framework.

Assam has taken a pioneering step by becoming the first state in India to launch and operationalize Co-Districts, an innovative initiative aimed at decentralizing district administration and bringing governance closer to the grassroots. Co-Districts serve as targeted administrative units within a district.


      - A total of 21 Co-Districts were launched across Assam, with the goal of making governance and administrative services more accessible to citizens.


      - Chief Minister Himanta Biswa Sarma initiated this administrative reform in 2023, replacing the previous system of 24 civil sub-divisions.

     

Main Points:-   (i) The government plans to establish Co-District offices in all 126 assembly constituencies in Assam.

      (ii) On October 4, 2024, Phase 1 of this initiative was launched, followed by the inauguration of 18 Co-Districts on October 5, 2024.

About Assam
Chief Minister(CM)- Himanta Biswa Sarma
Governor- Lakshman Prasad Acharya
__________________________________________

Brian Lara Publishes Memoir Titled "LARA: The England Chronicles".

Former Trinidadian cricketer Brian Charles Lara, affectionately known as "The Prince of Port of Spain," has released his memoir titled "LARA: The England Chronicles." The book is published by the American publishing house Simon & Schuster LLC.


      - This memoir provides an intimate look into Lara's childhood, his aspirations to play for the West Indies, his notable batting achievements, and his experiences as a captain. It also offers readers a detailed perspective on cricket in Trinidad and Tobago.


     

     

Main Points:-   (i) Brian Lara represented the West Indies from 1990 to 2007, announcing his retirement from all forms of international cricket in 2007.

      (ii) He led the West Indies to victory in the 2004 International Cricket Council (ICC) Champions Trophy, marking the team's first major ICC trophy since their triumph in the 1979 Cricket World Cup.

__________________________________________

Eight products from Assam's Bodo Tribe have been granted GI tag.

The Geographical Indications (GI) Registry, located in Chennai, Tamil Nadu, and operating under the Department for Promotion of Industry and Internal Trade (DPIIT) within the Ministry of Commerce & Industry (MoCI), has officially granted the GI tag to eight products originating from Assam.


      - The eight newly recognized GI products are: Jou Gwran, Maibra Jou Bidwi, Jou Gishi, Napham (fermented fish), Ondla/Onla, Gwkha Gwkhwi, Narzi, and Aronai.


      - These products include traditional food items and distinctive varieties of rice beer, showcasing the rich cultural practices and culinary heritage of the Bodo Tribe of Assam.

     

Main Points:-   (i) The Bodo Traditional Brewers Association applied for Geographical Indication tags for three rice beer variants. The first, ‘Bodo Jou Gwran,’ has the highest alcohol content (about 16.11%) among Bodo rice beers.

      (ii) The second, ‘Maibra Jou Bidwi’ (locally ‘Maibra Jwu Bidwi’), is valued and often served as a welcome drink by many Bodo tribes.

About Assam,
CM : Himanta Biswa Sarma
Governor : Lakshman Prasad Acharya
__________________________________________

FCI introduces ANNA DARPAN: a new era of digital transformation in supply chain management.

The Food Corporation of India (FCI), under the Department of Food & Public Distribution (Ministry of Consumer Affairs, Food, and Public Distribution), has launched a comprehensive digital transformation initiative. This initiative aims to modernize its existing supply chain management system, known as the 'Depot Online System', by implementing a new, microservices-based integrated supply chain management system called 'Anna Darpan'.


      - The system is being developed to simplify and enhance supply chain operations at all levels, including Mandis, Mills, Depots (both owned and hired), and divisional, regional, zonal, and headquarters operations.


      - M/s Coforge Limited has been chosen as the System Integrator (SI) by FCI, and the contract was signed on June 14, 2024.

      - M/s Coforge Limited is responsible for the entire process of designing, developing, implementing, and maintaining the ANNA DARPAN system.

Main Points:-   FCI's strategic vision for the ANNA DARPAN system aims to enhance efficiency, user experience, data-driven decision-making, system integration, and mobile accessibility while optimizing existing applications to improve overall performance.

     

About Food Corporation of India (FCI),
Chairman & Managing Director(MD) - Ashok Kumar Meena
Headquarters: New Delhi
__________________________________________

Two super high altitude firing ranges in Arunachal Pradesh made available for armed forces.

Two super high altitude firing ranges were made available to the armed forces for the practice of various kinds of weapons and surveillance equipment in Arunachal Pradesh within an aerial distance of 50 kilometres from the highly sensitive Line of Actual Control.


      - While the first of the integrated surveillance and firepower training exercises named 'Buland Bharat' has already been conducted at Mandala in May, a major firing exercise is yet to be conducted at the Kamrala firing range, security sources told PTI.


     

     

Main Points:-   (i) The initiative to hand over the land of the Mandala and Kamrala firing ranges, located at an altitude of above 10,000 feet, to the armed forces was taken by Chief Minister Pema Khandu.

      (ii) Arunachal Pradesh shares a 1,129-km-long LAC (Line of Actual Control) with China's Tibet Autonomous Region.

About Arunachal Pradesh,
Chief minister: Pema Khandu
Governor: Kaiwalya Trivikram Parnaik
__________________________________________

Regional Labour Institute(RLI) -Chennai Achieves "Uttam" Accreditation from Capacity Building Commission(CBC).

The Regional Labour Institute (RLI) in Chennai, Tamil Nadu, has been awarded Accreditation (6890-n) by the Capacity Building Commission (CBC) under the National Standards for Civil Service Training Institutions (NSCSTI).


      - RLI Chennai has received the Certificate of Accreditation with a grading of "Uttam."


      - The institute is recognized for its exceptional services in Occupational Safety and Health (OSH) training.

      - This accreditation will help RLI Chennai adapt its activities to keep pace with advancements in OSH, promoting collaboration for a sustainable future.

Main Points:-   RLI Chennai is a subordinate office of the Directorate General Factory Advice Service and Labour Institutes (DGFASLI) under the Ministry of Labour and Employment (MOLE). RLI Chennai was formally inaugurated by then Tamil Nadu Chief Minister M. Bhakthavathchalam in 1963.

     

__________________________________________

India emerged victorious in the 2-match Test series against Bangladesh during their 2024 tour.

The Bangladesh cricket team, led by Najmul Hossain Shanto, is touring India in September and October 2024 to compete against India. The tour features 2 Test matches and 3 Twenty20 Internationals (T20Is).


      - The Indian Men's Cricket team, captained by Rohit Sharma, won the two-match Test series against Bangladesh with a 2-0 scoreline.


     

     

Main Points:-   (i) This victory marks Team India's 180th win in Test history.

      (ii) With this win, India secured 4th place on the list of most Test victories, which is topped by Australia (414), followed by England (397) and West Indies (183).

__________________________________________

The Bilateral Investment Treaty between India and the UAE is now in effect.

The Bilateral Investment Treaty (BIT) between India and the United Arab Emirates (UAE) came into effect on August 31, 2024. This treaty was signed in Abu Dhabi on February 13, 2024.


      - The BIT replaces the earlier Bilateral Investment Promotion and Protection Agreement (BIPPA), which expired on September 12, 2024. This ensures continued investment protection for investors from both nations. BIPPA was originally signed in December 2013.


      - The India-UAE BIT 2024 includes a closed asset-based investment definition, fair treatment guarantees, ISDS provisions, exclusions for taxation, and protections against corruption and expropriation.

     

Main Points:-   (i) The UAE ranks 7th among countries, accounting for 3% of the total Foreign Direct Investment (FDI) received in India. From April 2000 to June 2024, the UAE invested approximately USD 19 billion in India.

      (ii) India’s Overseas Direct Investment (ODI) in the UAE amounts to USD 15.26 billion from April 2000 to August 2024.

About UAE,
Prime minister: Mohammed bin Rashid Al Maktoum
President: Mohammed bin Zayed Al Nahyan
__________________________________________

Bank of Baroda (BoB) introduces the 'Masterstroke Savings Account' tailored for premium customers.

Bank of Baroda (BoB) has introduced the bob Masterstroke Savings Account, designed for high-net-worth clients. This premium account offers exclusive benefits such as higher interest rates via the Flexi Fixed Deposit facility, priority banking, and wealth management consultations.


      - Customers receive the bob World Opulence Visa Infinite Debit Card (Metal Edition) and a lifetime-free Eterna Credit Card (subject to eligibility).


     

     

Main Points:-   (i) The account includes a sweep facility for balances above Rs 20 lakh and provides a 0.25% concession on retail loan interest rates. Customers must maintain a Quarterly Average Balance (QAB) of Rs 10 lakh to avail of these benefits, with penal charges of Rs 3,000 per quarter for non-maintenance.

      (ii) The launch coincided with the appointment of cricketing legend Sachin Tendulkar as Bank of Baroda's Global Brand Ambassador.

About Bank of Baroda (BoB),
CEO & MD : Debadatta Chand
Headquarters: Alkapuri, Vadodara
__________________________________________

ICICI Bank has teamed up with PhonePe to provide instant credit through UPI.

On October 8, 2024, ICICI Bank Limited, one of India’s leading private sector banks, announced its partnership with PhonePe, the country’s largest digital platform, to provide instant credit via the Unified Payments Interface (UPI) for its pre-approved customers through the PhonePe app.


      - Eligible customers can access instant credit of up to Rs 2 lakh with a repayment period of 45 days.


      - This credit line facility is compatible with various UPI payment apps, providing users with flexibility and convenience.

     

Main Points:-   (i) PhonePe dominates the UPI transaction market with a 49% share of the total transaction volume in India, followed by Google Pay with 38%. Additionally, the PhonePe platform processes transactions worth nearly Rs 200 crore each month.

      (ii) In 2023, the National Payments Corporation of India (NPCI) introduced the "credit line on UPI" service, which provides low-ticket, high-volume retail loans to individuals and businesses.

About ICICI Bank
Managing Director (MD) and Chief Executive Officer (CEO):- Sandeep Bakshi
Headquarters- Mumbai, Maharashtra
__________________________________________

John J. Hopfield and Geoffrey E. Hinton were awarded the Nobel Prize in Physics 2024.

American physicist John J. Hopfield and British-Canadian computer scientist Geoffrey E. Hinton were jointly awarded the Nobel Prize in Physics 2024 by the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 8, 2024.


      - Hopfield created an associative memory system that can store and reconstruct data patterns. In contrast, Hinton developed techniques enabling networks to autonomously identify data characteristics and carry out tasks like image recognition.


     

     

Main Points:-   (i) The prize amount of 11 million Swedish kronor will be equally divided between the laureates.

      (ii) John J. Hopfield and Geoffrey E. Hinton were received the award "for foundational discoveries and inventions that enable machine learning with artificial neural networks."

__________________________________________

JFSL and BlackRock have received in-principle approval from SEBI to establish a mutual fund business.

On October 3, 2024, Jio Financial Services Limited (JFSL), a Non-Banking Financial Company (NBFC) supported by Reliance Industries Limited (RIL), received in-principal approval from the Securities and Exchange Board of India (SEBI) to set up a Mutual Fund (MF) business. This venture will be in collaboration with BlackRock Financial Management Inc., based in New York, which is the world’s largest asset manager. The final registration approval will be granted by SEBI once JFSL and BlackRock meet the requirements specified by SEBI in its official notification.


      - JFSL will invest Rs 3 crore for the initial subscription of 30 lakh equity shares with a face value of Rs 10 each.


      - Additionally, both companies announced an investment of USD 150 million each for the mutual fund business in India.

     

Main Points:-   (i) In July 2023, Jio Financial Services announced a 50:50 joint venture with BlackRock to launch asset management services in India, with each partner committing an initial investment of USD 150 million.

      (ii) On April 15, 2024, the partnership was expanded to include wealth management and brokerage services.

(iii) The mutual fund industry in India is one of the fastest-growing sectors, with Assets Under Management (AUM) doubling from Rs 25.48 lakh crore in 2019 to Rs 66.67 lakh crore in 2024.

About Jio Financial Services Limited (JFSL)
CEO: Hitesh Kumar Sethia
Headquarter : Mumbai
__________________________________________

Udhayanidhi Stalin has officially taken oath as the Deputy Chief Minister of Tamil Nadu.

On September 29, 2024, Udhayanidhi Stalin, Tamil Nadu's Minister of Youth Welfare and Sports Development(YWSD), took oath as the Deputy Chief Minister of Tamil Nadu, a position that has been vacant since 2021.


      - Udhayanidhi Stalin, the son of Chief Minister MK Stalin, began his political career in 2019 as the youth wing secretary of the Dravida Munnetra Kazhagam (DMK). He was elected as a Member of the Legislative Assembly (MLA) from the Chepauk-Tiruvallikeni constituency in 2021 and later sworn in as the Minister of Youth Welfare and Sports Development in 2022.


     

     

Main Points:-   (i) Governor R.N Ravi administered the oath to Udhayanidhi Stalin at Raj Bhavan.

      (ii) Before entering politics, Udhayanidhi spent a successful career as a producer and actor in the Tamil film industry. He started as a film distributor and founded the "Red Giant Movies" production house.

About Tamil Nadu
Chief minister: M K Stalin
Governor: R. N. Ravi
__________________________________________

World Animal Day observed on 4 October 2024.

World Animal Day (WAD) is celebrated annually on October 4th to highlight the importance of animals and raise awareness about their welfare, contributing to ecological balance.


      - In 1931, Zimmermann's proposal to officially designate October 4th as World Animal Day was accepted and enacted as a resolution during the International Animal Protection Congress held in Florence, Italy.


     

     

Main Points:-   (i) The theme for World Animal Day 2024 is "The world is their home too."

      (ii) World Animal Day was proposed by cynologist and animal protection advocate Heinrich Zimmerman to promote animal welfare.

__________________________________________

Organic farmer and Padma awardee Pappammal has passed away at the age of 109.

Padma Shri awardee Pappammal, also known as Rangammal, an Indian organic farmer from Tamil Nadu, has passed away at the age of 109. Born in 1914, she lived in Thekampatti near Mettupalayam, Coimbatore, TN.


      - The Government of India honored her with the Padma Shri (Others) in 2021.


     

     

Main Points:-   (i) She was associated with the Tamil Nadu Agricultural University (TNAU) and organized various discussion forums for TNAU's extension department, educating thousands of farmers about TNAU's farming technologies and practices.

      (ii) Pappammal was a member of the Dravida Munnetra Kazhagam (DMK) and served as a ward member of the Thekkampatti Panchayat in 1959. She also served as a councillor in the Karamadal Panchayat Union.

__________________________________________

DoT and Telecom Service Providers (TSPs) have launched a new system to combat fraudulent calls.

The Department of Telecommunications (DoT), under the Ministry of Communications (MoC), has collaborated with major Telecom Service Providers (TSPs) to launch a two-tiered system aimed at addressing the rising issue of telecom fraud. This fraud involves scammers manipulating Caller Line Identification (CLI) to carry out financial scams.


      - The system is designed to identify and block incoming international calls that appear to be from Indian mobile numbers. This is important for stopping scams before they reach consumers.


     

     

Main Points:-   All four TSPs have successfully implemented the system. Approximately one-third of the total spoofed calls, amounting to 4.5 million, are being prevented from entering the Indian telecom network.

     

About Department of Telecommunications (Dol),
Secretary : Niraj Mittal
Headquarters: New Delhi
__________________________________________

Power Finance Corporation(PFC) has secured its largest foreign currency term loan to date, totaling USD 1.265 billion.

Power Finance Corporation Limited (PFC), a Maharatna public sector enterprise and one of India's leading non-banking financial companies (NBFC), operating under the Ministry of Power, has secured its largest foreign currency loan of USD 1.265 billion.


      - This transaction was executed through a facility agreement with several banks located in the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat.


      - PFC intends to utilize these funds to finance projects unrelated to thermal power (coal-based), thereby promoting green and sustainable energy initiatives. This aligns with India’s objectives of reducing carbon emissions and enhancing renewable energy capacity.

     

Main Points:-   SBI, IDBI, Axis, MUFG, Deutsche & SMBC were the bankers to the issue with SBI being the largest lender and also acting as facility agent for this transaction.

     

About Power Finance Corporation Ltd (PFC)
Chairman & MD: Parminder Chopra
Headquarters: New Delhi
__________________________________________

MeitY & MCTE Collaborate to Promote Innovation and Technological Advancements for Defence.

The Ministry of Electronics and Information Technology (MeitY) has partnered with the Military College of Telecommunications Engineering (MCTE) in Indore, Madhya Pradesh, to enhance innovation and drive technological advancements for defence applications.


      - Under the Atmanirbhar Bharat initiative, MeitY's Research and Development (R&D) organizations have provided indigenously developed products to MCTE for military purposes.


      - This partnership aims to strengthen collaborative efforts for joint R&D in areas such as Artificial Intelligence (AI), Quantum Technology, Chip Design, Fifth Generation (5G) and beyond, as well as strategic electronics and communications.

      - It will accelerate the adoption of advanced technologies to address the evolving needs and challenges of the Indian Army (IA).

Main Points:-   This collaboration will create a platform for Micro, Small & Medium Enterprises (MSMEs) through an incubation ecosystem, fostering the cross-pollination of ideas and technologies.

     

About Ministry of Electronics and Information Technology (MeitY),
Minister : Ashwini Vaishnaw
Headquarters: New Delhi
__________________________________________

DRDO has successfully conducted flight tests of the 4th generation Very Short Range Air Defence System (VSHORADS) in Rajasthan.

On October 3rd and 4th, 2024, the Defence Research and Development Organisation (DRDO) successfully conducted three flight tests of the advanced 4th Generation miniaturized Very Short Range Air Defence System (VSHORADS) at the Pokhran Field Firing Ranges in Rajasthan, showcasing its capabilities against high-speed targets.


      - VSHORADS is a Man Portable Air Defence System designed and developed indigenously by Research Centre Imarat (RCI) in collaboration with other DRDO laboratories and Development cum Production Partners.


      - These development trials demonstrated the weapon system's reliable hit-to-kill capability in various target engagement scenarios, including approaching, receding, and crossing modes.

     

Main Points:-   (i) The tests were carried out using a ground-based portable launcher.

      (ii) Dr. Sameer V Kamat, Chairman, Department of Defense Research and Development (DRDO) also congratulated the DRDO team, industry partners and users for the successful flight tests.

About DRDO,
Chairman: Sameer V. Kamat
Headquarters: New Delhi
__________________________________________

DRDO and IIT Delhi Develop ABHED (Advanced Ballistics for High Energy Defeat) Lightweight Bulletproof Jackets

The Defence Research & Development Organisation (DRDO), in collaboration with researchers from the Indian Institute of Technology (IIT) Delhi, has developed the 'ABHED' (Advanced Ballistics for High Energy Defeat), a lightweight bulletproof jacket.


      - The jacket is constructed from polymers and indigenous boron carbide ceramic material. The armor plates have successfully passed all necessary Research and Development (R&D) trials according to established protocols.


      - The jacket weighs 8.2 kilograms (kgs) and 9.5 kgs for different Bureau of Indian Standards (BIS) levels.

     

Main Points:-   ABHED was created at the DRDO Industry Academia Center of Excellence (DIA-CoE) at IIT Delhi.

     

__________________________________________

The Ayushman Bharat Digital Mission has completed three transformative years in advancing digital health.

On September 27, 2024, the Ayushman Bharat Digital Mission (ABDM), a crucial part of Ayushman Bharat (AB) — the flagship scheme of the Government of India (GoI) that originated from the National Health Policy of 2017 — successfully completed three years of implementation.


      - Launched by Prime Minister Narendra Modi on September 27, 2021, the mission aims to transform the country's digital healthcare ecosystem, enhancing accessibility, efficiency, and transparency in healthcare services.


      - Additionally, over 42 crore health records have been linked to ABHA, facilitating seamless access to medical histories and improving healthcare delivery.

     

Main Points:-   To date, over 67 crore Ayushman Bharat Health Accounts (ABHA) have been created. These accounts are designed to provide citizens with unique digital health IDs, ensuring secure access to and sharing of their health records.

     

About National Health Authority (NHA):
Chief Executive Officer (CEO)- LS Changsan
Headquarters: New Delhi
__________________________________________

Union Minister Dr. Jitendra Singh announced the establishment of four thematic hubs and technical groups for the National Quality Mission (NQM).

On September 30, 2024, Union Minister of State (Independent Charge) Dr. Jitendra Singh announced the establishment of Thematic Hubs (T-Hubs) and Technical Groups for the National Quantum Mission (NQM) during a video conference at a ceremony in New Delhi.


      - The initiative includes the creation of four T-Hubs, consisting of 14 Technical Groups and 17 Project Teams, spread across 17 states and 2 Union Territories in India.


      - These hubs will unite a total of 152 researchers from 43 institutions, including 31 institutes of national importance, 8 research laboratories, 1 university, and 3 private institutes across the country.

     

Main Points:-   (i) Additionally, the Ministry for Science and Technology launched 'Bharat Gen,' an innovative initiative in generative Artificial Intelligence (AI) aimed at transforming public service delivery and enhancing citizen engagement.

      (ii) This project represents the world's first government-funded Multimodal Large Language Model (LLM) initiative, focused on creating efficient and inclusive AI solutions in Indian languages.

About Ministry of Science & Technology (MoS&T),
Union Minister of State (MoS)- Dr. Jitendra Singh (Constituency- Udhampur, Jammu & Kashmir, J&K).
__________________________________________

Union Minister Ashwini Vaishnaw participated in the 40th Raising Day Parade of the Railway Protection Force (RPF) in Nashik.

On October 4, 2024, Union Minister Ashwini Vaishnaw, Ministry of Railways, attended the 40th Raising Day Parade of the Railway Protection Force (RPF) at the Zonal Training Centre in Nashik, Maharashtra.


      - As the Chief Guest, he presented Police Medals for Meritorious Service to 33 RPF personnel and honored them with Jeevan Raksha Medals for their bravery in saving passengers' lives during 2023 and 2024.


     

     

Main Points:-   (i) The minister announced a grant of ₹35 crore for upgrading and modernizing RPF Zonal Training Centres, with a focus on improving facilities for women.

      (ii) An additional allocation of ₹5.5 crore was made to enhance training infrastructure at the RPF Dog Squad Zonal Training Centre in Tamil Nadu.

About Railway Protection Force (RPF),
Director General : Manoj Ydava
Headquarters: New Delhi
__________________________________________

ADB Approves USD 162 Million Loan for Sustainable Tourism Development in Himachal Pradesh.

On October 3, 2024, the Asian Development Bank (ADB) approved a loan of USD 162 million to support sustainable and inclusive tourism development projects in Himachal Pradesh (HP).


      - This project aims to enhance district-level tourism management and develop destination plans and tourist sites throughout HP.


      - The project will promote heritage and cultural centers, restore historical castles, beautify public spaces, and construct convention centers and facilities in the districts of Mandi, Hamirpur, Kullu, and Kangra.

     

Main Points:-   (i) By enhancing and maintaining heritage and cultural sites, building new infrastructure, and strengthening the tourism industry, this initiative aims to boost the state's tourism potential.

     

About ADB,
President: Masatsugu Asakawa (from 17 January 2020)
Headquarters: Mandaluyong, Philippines
__________________________________________

The Central Board of Direct Taxes (CBDT) has unveiled new guidelines for addressing delayed tax refund claims.

On October 1, 2024, the Central Board of Direct Taxes (CBDT), part of the Department of Revenue (DoR) under the Ministry of Finance (MoF), released new guidelines to address delays in submitting Income Tax Returns (ITR). These guidelines specifically cover claims for refunds related to carrying forward losses under Section 119 (2) (b) of the Income-Tax (IT) Act, 1961.


      - These new guidelines replace any previous instructions or guidelines that were previously in effect.


      - To streamline the process, the CBDT has introduced a three-tier system for processing applications, which is based on the amount of the claim.

     

Main Points:-   The new guidelines stipulate that a time limit for filing such applications—specifically, within five years from the end of the relevant assessment year—will apply to applications submitted on or after October 1, 2024.

     

About Central Board of Direct Taxes (CBDT),
Chairperson: Ravi Agarwal
Headquarters: New Delhi
__________________________________________

SEBI Unveils New Regulations for InVITs and REITs to Enhance Liquidity and Simplify Business Compliance.

On September 26, 2024, the Securities and Exchange Board of India (SEBI) announced several amendments to the "SEBI (Infrastructure Investment Trusts) Regulations, 2014" and the "SEBI (Real Estate Investment Trusts) Regulations, 2014." These changes were made under the powers conferred by Section 30, in conjunction with Sections 11 and 12 of the SEBI Act, 1992 (15 of 1992).


      - One of the most significant changes introduced by SEBI for Infrastructure Investment Trusts (InVITs) is the reduction of the trading lot size for privately placed InVITs to ₹25 lakh. This adjustment is aimed at enhancing investor participation and increasing the liquidity of these investment vehicles.


     

     

Main Points:-   (i) The new regulations stipulate that SEBI has established a timeline for distributions to unit holders by Real Estate Investment Trusts (REITs) and InVITs, setting it at five working days from the record date.

     

About SEBI,
Chairperson: Madhabi Puri Buch
Headquarter : Mumbai
__________________________________________

SATYA Micro Capital has secured ₹1000 million from Mizuho Bank to support women entrepreneurs.

New Delhi-based SATYA Micro Capital Limited, a Non-Banking Financial Company-Microfinance Institution (NBFC-MFI), has successfully raised ₹1000 million from Mizuho Bank Limited, a subsidiary of Mizuho Financial Group, Inc., based in Tokyo, Japan.


      - This marks the first collaboration between SATYA and Mizuho Bank, enhancing its lender network.


      - With a network of more than 550 branches spanning over 55,000 villages across 25 states, SATYA is harnessing technology as a catalyst for inducing progressive change in the lives of its clients, where it has consistently integrated cutting-edge innovations into its operations.

     

Main Points:-   (i) SATYA focuses on enhancing financial capacity and self-sufficiency, driven by a dedicated taskforce of over 7,000 employees contributing to its growth.

     

__________________________________________

American biologists Victor Ambros and Gary Ruvkun have been awarded the Nobel Prize in Physiology or Medicine for 2024.

Victor Ambros (an American developmental biologist) and Gary Bruce Ruvkun (an American molecular biologist) were jointly awarded the Nobel Prize in Physiology or Medicine 2024 by the Nobel Assembly at Karolinska Institutet in Stockholm, Sweden.


      - They were honored "for the discovery of microRNA and its role in post-transcriptional gene regulation."


      - Ruvkun and Ambros discovered the first microRNA and published their findings in the journal Cell in 1993. This discovery sparked a scientific revolution. Their work has had a significant impact on scientists around the world, helping to guide research on diseases like cancer and diabetes.

     

Main Points:-   (i) The award announcement was made by the Royal Swedish Academy of Sciences on October 7, 2024.

     

__________________________________________

International Translation Day 2024 is observed on September 30.

The United Nations (UN) observes International Translation Day (ITD) every year on September 30 to honor the contributions of language professionals. Their work is essential for uniting nations, fostering communication, understanding, cooperation, supporting development, and enhancing global peace and security.


      - On May 24, 2017, the United Nations General Assembly (UNGA) passed a resolution establishing this day. Eleven countries signed this resolution, recognizing the importance of the work done by language experts.


      - September 30 was chosen to commemorate these experts because it coincides with the feast day of St. Jerome, who is credited with translating the Bible. He was a priest from northeastern Italy who translated Greek manuscripts of the New Testament into Latin.

     

Main Points:-   (i) The theme for ITD 2024 is "Translation, an art worth protecting: Moral and Material Rights for Indigenous Languages."

     

__________________________________________

Iran has unveiled the powerful suicide drone known as 'Shahed-136B.'

Iran, for the first time, showcased the "Shahed 136B," a one-way attack drone known as a 'kamikaze' or 'suicide' drone, alongside the "Jihad," a single-stage liquid-fuel ballistic missile, during the Armed Forces military parade in September 2024. This event commemorated the anniversary of the start of the 1980-88 war with Iraq.


      - The Shahed 136B, the latest Iranian-made drone, is an upgraded version of the Shahed-136, featuring new enhancements and an operational range of over 4,000 kilometers.


      - Due to its compact design, the Shahed-136 can be transported in large numbers and quickly deployed from moving vehicles.

     

Main Points:-   The Jihad missile has a high-explosive detachable warhead and a range of 1,000 kilometers. It was designed and manufactured by the aerospace division of Iran's Revolutionary Guards.

     

__________________________________________

Highlights of Union Finance Minister Nirmala Sitharaman Visit to Uzbekistan.

Union Minister Nirmala Sitharaman of the Ministry of Finance (MoF) officially visited Uzbekistan from September 24 to 28, 2024, leading a delegation of officials from the MoF.


      - During her visit, she participated in the 9th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), which took place in Samarkand from September 25 to 26, 2024.


      - She also conducted significant bilateral meetings with Jin Liqun, the President of the Asian Infrastructure Investment Bank (AIIB), as well as with her counterparts from Uzbekistan, Qatar, and China.

     

Main Points:-   (i) As part of the official visit, the Union Finance Minister is expected to call-on H.E Shavkat Mirziyoyev, President of Uzbekistan.

      (ii) The AIIB Annual Meeting featured delegations from 80 countries, focusing on sustainable infrastructure development and promoting investments to enhance economic growth and connectivity in Asia.

About Uzbekistan,
Prime Minister- Abdulla Aripov
Capital- Tashkent
__________________________________________

Government launched Prime Minister's Internship Scheme 2024.

On October 3, 2024, the Confederation of Indian Industry (CII) is collaborating with the Ministry of Corporate Affairs (MCA) to launch the pilot phase of the "Prime Minister's Internship Scheme 2024." This initiative, part of the 2024-2025 budget, aims to provide 1.25 lakh internships for Indian youth, with a budget of approximately Rs 800 crore for the Financial Year 2024-25 (FY25).


      - The scheme's goal is to create one crore internships by March 2029, offering financial assistance of Rs 60,000 per annum over five years.


      - It will be implemented in two phases via an online portal (www.pminternship.mca.gov.in), with registration opening from October 12 to October 25, 2024.

     

Main Points:-   (i) Applicants who meet the eligibility requirements can apply online through the official portal to benefit from the Prime Minister Internship Scheme.

      (ii) Selected participants will receive a monthly stipend of Rs. 4,500 from the government, with an additional Rs. 500 provided by companies as part of their corporate social responsibility (CSR) initiatives.

__________________________________________

Union Defence Minister Rajnath Singh gave a warm send-off to the 7,000 km "Vayu Veer Vijaeta" car rally to commemorate the 92nd anniversary of the Indian Air Force (IAF).

On October 1, 2024, Union Defence Minister Rajnath Singh accorded a warm send-off to the "Vayu Veer Vijaeta" car rally from the National War Memorial in New Delhi. This rally is organized to commemorate the 92nd anniversary of the Indian Air Force (IAF), which will be celebrated on October 8, 2024.


      - The rally will officially begin from Thoise in Ladakh, one of the highest altitude air force stations in the world, situated at 3,068 meters above mean sea level, on October 8, 2024. It will conclude in Tawang, Arunachal Pradesh, on October 29, 2024.


     

     

Main Points:-   (i) The IAF also organized an airshow themed "Saksham, Sashakta, Amtanirbhar" (Potent, Powerful, Self-reliant) at Marina Beach in Chennai, Tamil Nadu, on October 6, 2024. This event was one of the largest airshows ever conducted by the IAF.

     

About IAF,
Deputy Chief of the Air Staff (DCAS): Air Marshal Tejinder Singh
Headquarters: New Delhi
__________________________________________

MoLE and Amazon have signed a MoU to improve employment accessibility in India.

On September 26, 2024, the Ministry of Labour & Employment (MoLE) signed a Memorandum of Understanding (MoU) with Amazon in New Delhi to enhance employment accessibility in India.


      - The MoU emphasizes a joint commitment to utilizing the National Career Service (NCS) portal to increase job opportunities. This portal is being developed as a one-stop platform for accessing employment opportunities across various sectors and industries.


      - The enhanced platform will provide a user-friendly interface for job seekers, employers, and stakeholders, leveraging advanced technologies like Artificial Intelligence (AI).

     

Main Points:-   (i) Key People: The MoU, which is set to last for two years, was signed in the presence of Union Minister Dr. Mansukh Mandaviya and Minister of State (MoS) Shobha Karandlaje, both from MoLE.

      (ii) Under this MoU, Amazon and its third-party staffing agencies involved in hiring for the company will regularly post job vacancies on the NCS portal and conduct hiring through it.

About MoLE,
Secretary(L&E) : Sumita Dawra
Headquarters: Rafi Marg, New Delhi
__________________________________________

Overview of the 79th Session of the UNGA held from September 10 to 30, 2024.

The 79th UN General Assembly session occurred from September 10-30, 2024, addressing global issues like climate change and sustainable development.


      - Philemon Yang, the former Prime Minister of Cameroon, served as the President of the 79th session of the UN General Assembly.


      - Three agreements—the Pact for the Future, the Global Digital Compact, and the Declaration on Future Generations—were adopted during the summit.

     

Main Points:-   (i) The 79th session of UNGA commenced on 10th September 2024.

      (ii) The general debate of UNGA 79 took place from September 24 to 28, 2024, under the theme "Leaving no one behind: acting together for the advancement of peace, sustainable development, and human dignity for present and future generations."

(iii) The debate closed on 30th September 2024.

About UNGA,
President: Philémon Yang
Headquarters: New York, USA
__________________________________________

"Piyush Goyal Visits Vientiane for ASEAN-India and East Asia Summit Economic Ministers Meetings.

Union Minister Piyush Goyal from the Ministry of Commerce and Industry (MoCI) visited Vientiane, Lao People's Democratic Republic (Laos PDR), from September 20 to 21, 2024, to participate in the 21st ASEAN-India Economic Ministers meeting and the 12th East Asia Summit Economic Ministers Meeting.


      - The annual meetings of ASEAN (Association of Southeast Asian Nations) with their dialogue partners are hosted by Lao PDR, the ASEAN Chair for 2024.


      - Union Minister Piyush Goyal conducted several bilateral meetings with counterparts from participating countries.

      - He also met with ASEAN Secretary General Dr. Kao Kim Hourn.

Main Points:-   (i) ASEAN is one of India’s most important trading partners. For the last two consecutive years, ASEAN has been India's second largest trading partner.

     

__________________________________________

REC Limited has signed a ₹3 lakh crore financing agreement with the Government of Rajasthan for power projects.

On October 1, 2024, REC Limited (formerly Rural Electrification Corporation Private Limited), a Maharatna Central Public Sector Unit (CPSU) under the Ministry of Power (MOP), signed a Memorandum of Understanding (MoU) with the Government of Rajasthan (GoR) to provide financial support of ₹3 lakh crore for infrastructure projects in the state.


      - The MoU was signed by Rahul Dwivedi, Executive Director (PMD & I&L), REC Limited, and Debasish Pradhan, Secretary, GoR.


      - The event was organized in the presence of Bhajanlal Sharma, Chief Minister of Rajasthan, and Colonel Rajyavardhan Rathore, Minister of Industries and Commerce, GoR, during the “Rising Rajasthan Investor Meet”.

     

Main Points:-   REC stated that the financing will be provided for projects in both power and non-power infrastructure sectors over a period of six years, until 2030.

     

About REC Limited,
Chairman & MD : Vivek Kumar Dewangan
Headquarters: New Delhi
__________________________________________

DFC invests USD 272 million in India to Boost Economic Growth.

The U.S. International Development Finance Corporation (DFC) has committed over USD 272 million to support India's economic growth and sustainability.


      - This commitment reflects the strengthening partnership between the United States and India, particularly in promoting gender equality and sustainable development.


      - It underscores the DFC's role in enhancing economic opportunities for millions and contributes to global efforts to combat climate change.

     

Main Points:-   (i) This investment includes significant allocations, such as a USD 40 million loan to APAC Financial Services Private Limited, based in Mumbai (Maharashtra), aimed at expanding lending to low-income and microenterprises.

      (ii) The DFC has allocated USD 19.8 million to Aryatech Platforms Pvt. Ltd., based in Noida (Uttar Pradesh). This investment will enhance agricultural trade by connecting small farmers with buyers and streamlining financing in the agricultural sector.

About International Development Finance Corporation (DFC) ,
CEO : Scott Nathan
Headquarters: Washington, United States
__________________________________________

SEBI has introduced a new framework aimed at reducing excessive speculation in the stock market.

On October 1, 2024, the Securities and Exchange Board of India (SEBI) announced six measures aimed at the index derivatives trading framework to mitigate excessive speculation, addressing growing concerns over the rising losses faced by individual traders. Here are 6 rules proposed by Sebi to regulate F&O trading in India:- 1) Upfront collection of Option Premium from options buyers, 2) Removal of calendar spread treatment on expiry day, 3) Intraday monitoring of position limits, 4) Contract size for index derivatives, 5) Limiting weekly index expiry to one per exchange, 6) Increase in tail risk coverage on the day of options expiry.


      - These measures will be rolled out in phases, starting from November 20, 2024.


      - Under the new framework, SEBI has mandated that options premiums be collected upfront from option buyers by Trading Members (TMs) or Clearing Members (CMs), with implementation set for February 1, 2025.

     

Main Points:-   (i) Here are 6 rules proposed by Sebi to regulate F&O trading in India:- 1) Upfront collection of Option Premium from options buyers, 2) Removal of calendar spread treatment on expiry day, 3) Intraday monitoring of position limits, 4) Contract size for index derivatives, 5) Limiting weekly index expiry to one per exchange, 6) Increase in tail risk coverage on the day of options expiry.

     

About SEBI,
Chairperson: Madhabi Puri Buch
Headquarter : Mumbai
__________________________________________

Tata Electronics and Taiwan's PSMC have finalized an agreement for technology transfer to establish India's first semiconductor fabrication plant.

Tata Electronics Private Limited (TEPL) has finalized a Definitive Agreement with Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) for the establishment of India’s first semiconductor fabrication plant in Dholera, Gujarat. This facility will be AI-enabled and built as a greenfield project.


      - PSMC will provide a comprehensive range of technologies and engineering support to facilitate the transfer of these technologies to the new fab in Gujarat.


      - The project entails a total investment of up to Rs 91,000 crores (USD 11 billion) and is expected to generate over 20,000 skilled jobs, both directly and indirectly.

     

Main Points:-   The semiconductor fab will produce chips for various applications, including Power Management Integrated Circuits (ICs), Display Drivers, Microcontroller Units (MCUs), and high-performance computing logic, catering to the increasing demand in sectors such as AI, automotive, computing, data storage, and wireless communication.

     

__________________________________________

World Heart Day (WHD) is celebrated globally on September 29,2024.

World Heart Day (WHD) is celebrated globally on September 29 each year to raise awareness about cardiovascular diseases (CVDs), including heart disease and stroke, and to encourage actions for their prevention, detection, and management.


      - Cardiovascular diseases remain a significant global health challenge responsible for over 18 million deaths each year.


      - The burden is especially significant in the WHO South-East Asia Region, where cardiovascular diseases (CVDs) cause 3.9 million deaths each year, mainly from heart attacks and strokes. This accounts for 30% of all deaths in the region, with almost half occurring prematurely, before the age of 70.

     

Main Points:-   (i) The theme for World Heart Day 2024 is "Use Heart for Action."

     

__________________________________________

Telangana Becomes First State to Launch a Chapter of NITI Aayog's Women Entrepreneurship Platform.

In a groundbreaking initiative to promote women-led businesses, Telangana has become the first state in India to establish its own chapter of the National Institution for Transforming India (NITI) Aayog's Women Entrepreneurship Platform (WEP).


      - The 'WEP Telangana Chapter' was inaugurated by BVR Subrahmanyam, CEO of NITI Aayog, in Hyderabad, in the presence of State Information and Technology (IT) and Industries Secretary Jayesh Ranjan and WEP co-chair Sangeetha Reddy.


      - Sita Pallocholla has been appointed as the Mission Director for the WEP Telangana Chapter. The Women Entrepreneurs Hub (WE HUB), Telangana, will serve as the nodal body for the initiative in the state.

     

Main Points:-   (i) This state-specific chapter aims to provide comprehensive support to women entrepreneurs by offering access to mentorship, financial resources, and digital tools that empower women in both urban and rural areas.

     

About Telangana,
Chief minister: Revanth Reddy
Governor: Jishnu Dev Varma
__________________________________________

The Tripura government has launched the CM-SATH Scheme to assist meritorious students in pursuing higher education.

Prof. Dr. Manik Saha, the Chief Minister of Tripura, inaugurated this scheme, which aims to provide financial support to deserving students.


      - Under the scheme, financial assistance of ₹60,000 (₹5,000 per month) will be granted to a total of 200 students—100 at the Madhyamik level for two years and 100 at the Higher Secondary level for three years.


      - The initiative is designed to support talented students and ensure that financial challenges do not impede their education.

     

Main Points:-   (i) The selection will include 152 students from the block level, 12 from the Nagar Panchayat level, 26 from the Municipal Council level, and 10 from the Agartala Municipal Corporation level, ensuring representation from various areas and levels.

      (ii) This support is merit-based to encourage higher education, with beneficiaries selected by the District Education Officer of each district.

__________________________________________

PM Narendra Modi Unveils Development Initiatives in Hazaribag, Jharkhand.

On October 2, 2024, marking Mahatma Gandhi's birth anniversary, Prime Minister Narendra Modi launched the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA) from Hazaribag, Jharkhand, with a significant investment of over ₹79,156 crores.


      - During the event, PM Modi inaugurated and laid the foundation for various projects aimed at empowering tribal communities in Hazaribag.


      - Additionally, he initiated multiple projects under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN), amounting to over ₹1,360 crores.

     

Main Points:-   (i) According to a statement from the Prime Minister's Office, the project will benefit more than 5 crore tribals in 549 districts across 30 states and Union Territories.

      (ii) The scheme seeks to address critical gaps in social infrastructure, health, education, and livelihood through 25 interventions implemented by 17 central ministries and departments.

About Jharkhand,
Chief minister: Hemant Soren
Governor: Santosh Gangwar
__________________________________________

India's Central Drugs Standard Control Organization (CDSCO) has become an affiliate member of the International Medical Device Regulators Forum.

India has joined the International Medical Device Regulators Forum (IMDRF) as an affiliate member, with the Central Drugs Standard Control Organisation (CDSCO) under the Ministry of Health and Family Welfare (MoH&FW) receiving the Affiliate Membership.


      - India’s application for affiliate membership was reviewed during the 26th Session of IMDRF, held in September 2024 in Seattle, Washington, USA.


      - This membership will enhance India’s global collaboration in medical device regulation. It will strengthen the competitiveness of India’s domestic industry while promoting "Brand India" on the international stage.

     

Main Points:-   (i) The IMDRF, established in 2011 aims to accelerate international regulatory harmonization and convergence for medical devices.

      (ii) Its members include regulatory authorities from the USA, Australia, Canada, the European Union (EU), Japan, the United Kingdom (UK), Brazil, Russia, China, South Korea, Singapore, and the World Health Organization (WHO).

(iii) The IMDRF Chair and Secretariat rotate annually among the jurisdictions of Management Committee members.

About IMDRF,
Established : 2011
IMDRF's Chair and Secretariat rotates annually among the member jurisdictions of the Management Committee. The United States of America is the current Chair and Secretariat for 2024.
__________________________________________

Renowned Indian English poet and former IPS officer Keki N. Daruwalla has passed away.

Padma Shri Award Keki N. Daruwalla, a distinguished English poet and former Indian Police Services (IPS) officer, passed away in September 2024 at the age of 87 in New Delhi. He was born on January 24, 1937, in Lahore, British India (now in Pakistan).


      - Keki N. Daruwalla, an IPS officer from the 1958 batch of the Uttar Pradesh (UP) cadre, joined the Research and Analysis Wing (R&AW) and later rose to the rank of secretary at R&AW.


     

     

Main Points:-   (i) He retired in 1995 as the chairman of the Joint Intelligence Committee (JIC) and served as a member of the National Commission for Minorities from 2011 to 2014.

      (ii) His first poetry collection, "Under Orion," was published in 1970.

(iii) He received the UP State Award for his second book, "Apparition in April," in 1972.

__________________________________________

Tripura Governor Indra Sena Reddy Nallu Takes Oath as Acting Governor of Mizoram.

On September 30, 2024, Indra Sena Reddy Nallu (73), the Governor of Tripura, was sworn in as the acting Governor of Mizoram during a ceremony held at the Durbar Hall in Raj Bhavan, Aizawl.


      - He has been assigned the additional responsibility of Mizoram by the President of India, Droupadi Murmu, following the medical leave taken by Dr. Hari Babu Kambhampati, the current Governor of Mizoram, due to a lung infection.


     

     

Main Points:-   (i) The oath was administered by Justin Nelson Sailo, a Judge of the Guwahati High Court.

      (ii) The event was graced by Mizoram's Chief Minister (Lalduhoma), Speaker (Lalbiakzama), Home Minister (Pu K. Sapdanga), along with other cabinet ministers, the Chief Secretary, and various special invitees.

About Mizoram,
Capital: Aizawl
Chief Minister : Lalduhoma
__________________________________________

Lokesh Machines has successfully delivered India's first indigenous submachine guns (SMGs) to the Indian Army.

Lokesh Machines Limited, based in Hyderabad, Telangana, has successfully delivered its first significant order of the "Asmi" 9×19 millimeter submachine guns (SMGs) to the Indian Army's Northern Command.


      - This marks the first indigenous SMG developed by the private sector in India.


      -The delivery is part of a significant contract valued at approximately USD 550,000, which entails the supply of 550 Asmi SMGs, enhancing the Indian Army's capabilities with domestically manufactured weaponry.

      - The consignment was officially launched by Major General Rakesh Manocha, the General Officer Commanding of the Telangana and Andhra Pradesh sub-area of the Indian Army.

Main Points:-   (i) This order marks the first large-scale procurement of an indigenous firearm since the introduction of the Indian Small Arms System (INSAS) rifle.

      (ii) The ASMI, which stands for "Ashmita" meaning "pride," weighs 2.4 kg (5.3 lbs), making it 10-15% lighter than similar submachine guns.

(iii) The design was developed in collaboration with the Armament Research & Development Establishment (ARDE) in Pune, Maharashtra, and the Indian Army.

About Lokesh Machines Limited,
Managing Director Mullapudi Lokeswara Rao
Headquarters: Hyderabad
__________________________________________

Zen Technologies Launches Next-Generation Remote Weapon Systems.

Hyderabad-based Zen Technologies Limited has introduced a series of advanced remote-controlled weapon and surveillance systems, aimed at bolstering India’s defense capabilities. These innovations were developed in partnership with Al Turing Technologies Private Limited.


      - The newly unveiled systems include the RCWS - 7.62 x 51 MMG, known as Parashu, which is a Remote-Controlled Weapon System integrated with advanced thermal imaging and anti-drone technology. This system features a Medium Machine Gun (MMG).


      - Next is the Tank Mounted RCWS - 12.7 x 108 HMG, called Fanish, which enhances firepower with its 12.7 mm Heavy Machine Gun (HMG).

     

Main Points:-   (i) The Naval RCWS - 12.7 x 99 HMG, named Sharur, is designed to strengthen naval defense. It can target aerial and surface threats from up to 2 kilometers away, even in low-visibility conditions, utilizing a Heavy Machine Gun (HMG).

      (ii) Lastly, the Artillery Rugged Camera, referred to as Durgam, is a rugged surveillance system engineered for extreme environments. This launch represents a significant advancement in modernizing India's defense sector.

About Zen Technologies,
CEO: Ashok Atluri
Headquarters:: Hyderabad City in Telangana
__________________________________________

International Week of Deaf People Observed On September 23-29,2024.

The International Week of Deaf People (IWDP) is an important global event celebrated during the last full week of September, from Monday to Sunday. This week aims to raise awareness about the rights and challenges faced by individuals who are deaf or hard of hearing.


      - For 2024, IWDP is observed from September 23 to September 29. The theme for this year's celebration is "Sign up for Sign Language Rights."


      - Additionally, the International Day of the Deaf is recognized on the last Sunday of September. In 2024, this day falls on September 29.

     

Main Points:-   (i) Theme: :- "Sign up for Sign Language Rights" — This theme emphasizes the importance of recognizing and advocating for the rights of individuals to access and use sign language as a fundamental means of communication.

      (ii) In addition to IWDP, the International Day of the Deaf is also observed globally on the last Sunday of September. For 2024, this significant day will take place on September 29. It serves as a reminder of the ongoing need to advocate for the rights and inclusion of deaf individuals in society.

__________________________________________

Uttarakhand CM Simplifies Key Schemes to Enhance Rural Entrepreneurship.

Uttarakhand Chief Minister Pushkar Singh Dhami has announced the renaming of two schemes to enhance their simplicity and accessibility for villagers.


      - The Gramothan Yojana, formerly the Rural Enterprise Acceleration Project (REAP), aims to improve livelihoods by financing 50% of enterprise setup costs through bank loans, with 20% from beneficiaries and 30% from project assistance.


      - The Chief Minister Udyamshala Yojana, previously the Rural Business Incubator (RBI) Scheme, provides financial aid and training for self-employment, focusing on empowering youth and women in rural areas.

     

Main Points:-   (i) Focus on uplifting underrepresented groups, particularly women and youth, in rural settings."

     

About Uttarakhand,
Chief Minister(CM)- Pushkar Singh Dhami
Governor- Gurmit Singh
__________________________________________

Meghalaya Signs MoU with Gates Foundation to Enhance Health and Agriculture.

The Government of Meghalaya (GoM) has signed a Memorandum of Understanding (MoU) with the Bill & Melinda Gates Foundation (BMGF) to improve health outcomes in the state. This collaboration will focus on maternal and newborn health, family planning, nursing education, and agriculture.


      - The four-year MoU will include regular monitoring and evaluation, with BMGF providing financial and technical support in twelve key areas, including anaemia, neonatal health, and nutrition. Meghalaya is the third Indian state, after Uttar Pradesh and Bihar, to partner with the Gates Foundation.


     

     

Main Points:-   (i) The agreement was signed by Sampath Kumar, Principal Secretary to the Meghalaya government, and M. Hari Menon from the Gates Foundation, in the presence of Chief Minister Conrad K Sangma and Minister Dr. M Ampareen Lyngdoh.

     

__________________________________________

MoF keeps interest rates on small savings schemes unchanged for Q3 FY25.

The Ministry of Ministry (MoF) on Monday left the interest rates on various small savings schemes including Public Provident Fund (PPF) and National Savings Certificate (NSC) unchanged for the third straight quarter beginning October 1, 2024.


      - In December 2023, the Government of India raised interest rates for certain small savings schemes, including Sukanya Samriddhi Yojana and the three-year time deposit, by 20 basis points for Q4 FY24.


     

     

Main Points:-   (i) In December 2023, the Indian government increased the interest rates on some small savings schemes such as Sukanya Samriddhi Yojana and three-year time deposits by 20 basis points for Q4 FY24.

      (ii) The Public Provident Fund (PPF) rate has remained unchanged since April 2020, and its last revision was in April and June 2020, when it was reduced from 7.9% to 7.1%.

About MoF,
Finance Minister: Nirmala Sitharaman
Headquarters: New Delhi
__________________________________________

DoSJE Signs MoU with NALSA to Provide Legal Aid to Marginalized People.

The Department of Social Justice and Empowerment (DoSJE), Government of India, and the National Legal Services Authority (NALSA) signed a Memorandum of Understanding (MoU) today in New Delhi. This significant partnership is aimed at enhancing public awareness about various Acts, Rules and Schemes of the Department, especially those designed to support the marginalized and vulnerable sections of society.


      - The agreement was signed in the presence of Union Minister Dr. Virendra Kumar Khatik (MoSJE) and Justice Sanjiv Khanna, Supreme Court judge and Executive Chairman of NALSA.


     

     

Main Points:-   (i) Union Minister Virendra Kumar launched SARTHIE 1.0, a digital portal to help insurance companies offer tailored products and government-subsidized insurance, including the Pradhan Mantri Fasal Bima Yojana (PMFBY).

     

About Ministry of Social Justice and Empowerment(MoSJE),
Minister : Virendra Kumar
Established: 1985
__________________________________________

PM Modi Visits USA from Sept 21 to 23, 2024 for Quad Summit and UNGA Address.

Prime Minister Narendra Modi of India embarked on a three-day visit to the United States from September 21 to 23, 2024, aiming to strengthen diplomatic ties and enhance cooperation between the two nations.


      - On September 21, 2024, PM Modi attended the fourth Quad Leaders' Summit in Wilmington, Delaware, which focused on key regional security issues and was hosted by U.S. President Joseph R. Biden, alongside leaders from Australia and Japan.


      - On September 22, 2024, he delivered a significant address at the "Summit of the Future" during the 79th United Nations General Assembly session in New York, emphasizing global collaboration on pressing challenges such as climate change and sustainable development.

     

Main Points:-   (i) On September 22, 2024, he addressed the "Summit of the Future" during the 79th United Nations General Assembly session held in New York.

      (ii) PM Modi also met with President Biden on the sidelines of the Quad Summit in Delaware to discuss enhancing bilateral cooperation in areas of mutual interest.

About United Nations General Assembly (UNGA),
Minister : Philémon Yang
Headquarters: New York, New York, United States
__________________________________________

According to the ILO Report, Unemployment Benefits and Coverage Are Lagging in the Asia-Pacific Region.

According to the ILO report, unemployment benefits and coverage in the Asia-Pacific region are lagging significantly, affecting vulnerable populations amidst ongoing economic challenges.


      - The Asia-Pacific region has 53.6% social protection coverage but spends only 11.8% of GDP, below the global average of 19.3%.


      - About 2.1 billion people remain unprotected from lifecycle and socio-economic risks, indicating uneven social protection progress.

     

Main Points:-   (i) The coverage rates varied significantly among populous countries, with India at 48.4%, China at 75.6%, and Bangladesh at 20.2%.

      (ii) Coverage rates differ significantly among populous countries, with India at 48.4%, China at 75.6%, and Bangladesh at 20.2%.

__________________________________________

Switzerland Tops IMD World Talent Ranking 2024 and India Drops to 58th Position.

According to the 2024 World Talent Ranking (WTR) released by the Institute of Management Development (IMD) in Switzerland, the country has been recognized as the world’s most competitive nation for the 11th consecutive year, achieving a perfect score of 100. The report highlights that India’s ranking has declined by two positions, falling from 56th in 2023 to 58th in 2024, with an overall score of 40.7.


      - This year's ranking highlighted that European countries dominate the top tier, with Switzerland leading the way, thanks to its exceptional talent competitiveness.


     

     

Main Points:-   (i) Singapore has secured the second position with an impressive score of 85.65, followed by Luxembourg in third place, Sweden in fourth, and Denmark in fifth. This ranking reflects the global competition for talent and the socio-economic implications of workforce development.

     

About International Institute for Management Development (IMD),
President: David Bach
Chairman: Michel Demaré
__________________________________________

SEBI Mandates UPI for Retail Applications in Public Debt Securities, Streamlining Digital Payments for Investors.

The Securities and Exchange Board of India (SEBI) has mandated that, starting November 1, 2024, retail investors must use UPI (Unified Payments Interface) to block funds for applications related to public debt securities.


      - This requirement applies to applications for amounts up to ₹5 lakh submitted through stock brokers.


     

     

Main Points:-   (i) SEBI mandates that individual investors applying for public securities up to ₹5 lakh through intermediaries must use UPI to block funds.

      (ii) SEBI amended rules to streamline the process for public issuance of debt securities aimed at providing faster access to funds for such issuers.

About SEBI,
Chairperson: Madhabi Puri Buch
Headquarters: Mumbai
__________________________________________

NPCI Introduces New UPI Autopay Rule: No 24-Hour Pre-Debit Notification for Mutual Fund SIPs and Loan Repayments.

The National Payments Corporation of India (NPCI) has announced changes to the UPI Autopay framework. Effective immediately, auto-replenishment of NETC FASTag and RuPay National Common Mobility Card (NCMC) will no longer require the standard 24-hour pre-debit notification.


      - This announcement was made via a notification issued on September 23, 2024. Announcement aligns with recent directives from the Reserve Bank of India (RBI) aimed at improving the e-mandate framework for these services.


      - In its June 7, 2024, 'Statement on Developmental and Regulatory Policies,' the RBI announced plans to implement an e-mandate framework for automatic balance top-ups in NETC FASTag and RuPay NCMC.

     

Main Points:-   (i) The aim is to streamline the application process for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitized debt instruments, aligning it with the process for equity shares and convertibles.

      (ii) Individual investors will still have the option to use alternative methods, such as SCSBs and the stock exchange platform, to apply for public issues.

__________________________________________

RBI's Monetary Policy Committee Reconstituted and Aviral Jain Appointed as Executive Director.

The Reserve Bank of India (RBI) has reconstituted its Monetary Policy Committee (MPC) to enhance its decision-making capabilities. Aviral Jain has been appointed as the new Executive Director, taking on responsibilities crucial for shaping India's monetary policy and economic stability.


      - The appointments have been made ahead of the upcoming bi-monthly meeting of the Monetary Policy Committee (MPC), scheduled to be held on October 7-9, 2024. The other three members of the MPC include Shaktikanta Das (Governor of the RBI), Michael Debabrata Patra (Deputy Governor of the RBI) and Rajeev Ranjan (Executive Director of the Monetary Policy Department of the RBI).


      - Prior to being promoted as the Executive Director, Jain was serving as Regional Director for Maharashtra.

     

Main Points:-   (i) Executive Director, Shri Jain will look after 1. Legal Department, 2. Premises Department and 3. Right to Information Act (First Appellate Authority). Shri Jain is a post-graduate in economics.

      (ii) The MPC raised the benchmark interest rate by 250 basis points between May 2022 and February 2023 and has since maintained a pause to keep inflation under control.

About RBI,
CEO : Shaktikanta Das
Headquarter : Mumbai
__________________________________________

DGCA Approves Merger of AIX Connect and Air India Express.

The Directorate General of Civil Aviation (DGCA) has given the green light for the merger of AIX Connect (formerly known as AirAsia) with Air India Express (AIX), effective October 1, 2024. This strategic decision aims to form a single low-cost airline operating under the name 'Air India Express' and using a unified airline code, IX.


      - The merger was first announced in 2022 and received approval from the National Company Law Tribunal (NCLT) on June 12, 2024.


      - The approval process included thorough evaluations of the organizational structures and staff to facilitate a smooth transition and maintain operational safety.

     

Main Points:-   (i) All AIX Connect aircraft have been transferred to Air India Express's Air Operator Certificate, ensuring that operations continue without interruption.

      (ii) The merger was supported by the Ministry of Civil Aviation (MOCA), the Bureau of Civil Aviation Security (BCAS), and other important stakeholders.

__________________________________________

President Droupadi Murmu Inaugurates 8th India Water Week in New Delhi.

The President of India, Mrs. Droupadi Murmu, inaugurated the 8th India Water Week program today, September 17, 2024, in New Delhi, bringing together global experts on water conservation and management.


      * This event is organized by the Ministry of Jal Shakti and focuses on addressing the growing challenges related to sustainable water management, scarcity, and distribution.


      * President Murmu stressed the need for collective effort to ensure water security for future generations and equitable access in all areas.

     

Main Point,   The event was inaugurated by Droupadi Murmu, the President of India, alongside Union Minister C.R. Patil (Ministry of Jal Shakti and Minister of State) and Raj Bhushan Choudhary (Ministry of Jal Shakti).

      The theme of this year's India Water Week is 'Partnerships and Collaboration for Inclusive Water Development and Management'.

About MoSJ,
Union Minister : Virendra Kumar
Headquarters: New Delhi
__________________________________________

The Annual Survey of Industries (ASI) reports a 7.5% rise in manufacturing employment in FY23.

The Annual Survey of Industries (ASI) reported a 7.5% increase in manufacturing employment in the financial year 2022-2023 (FY23), reaching 1.85 crore, up from 1.72 crore in FY22.


      * The survey's fieldwork spanned November 2023 to June 2024, or covering FY 2022-2023.


      * Employment in manufacturing surpassed pre-pandemic levels (2018-19) by 22.14 lakh.

     

Main Points:-   (i) Average emoluments per person rose by 6.3% compared to FY22.

      (ii) Gross Value Added (GVA) in current prices increased by 7.3% over FY22.

__________________________________________

SEBI Establishes FPI (Foreign Portfolio Investor) Outreach Cell for Seamless Market Access.

CellThe Securities and Exchange Board of India (SEBI) has launched a dedicated Foreign Portfolio Investor(FPI) Outreach Cell as part of the Alternative Investment Fund and Foreign Portfolio Investors Department (AFD).


      (i) This initiative is part of SEBI's Alternative Investment Fund (AIF) and Foreign Portfolio Investors (FPI) Department (AFD).


      (ii) SEBI aims to strengthen FPI participation in Indian markets.

     

Main Point:-   The outreach cell promotes direct communication with foreign investors.

     

About SEBI,
Chairperson: Madhabi Puri Buch
Headquarter : Mumbai
__________________________________________

AGEL and AESL Join Utilities for Net Zero Alliance (UNEZA) to Support India's Decarbonisation Efforts.

Adani Green Energy (AGEL) and Adani Energy Solutions (AESL) on Tuesday announced their joining of the Utility Net Zero Alliance (UNEZA). The move will help the country promote the use of renewable energy and achieve the net zero target.


      - Both companies are committed to achieving net zero by 2050, aligning with India's broader energy transition goals.


      - UNEZA, established under the UAE Declaration at COP28, promotes renewable energy grids, clean solutions and electricity efforts.

     

Main Points:-   (i) AGEL aims for 10% of India's non-fossil energy and 50 GW of renewable capacity by 2030.

      (ii) AESL aims to enhance grid reliability and reduce direct emissions by 72.7% by 2030.

About AGEL,
CEO: Amit Singh
Headquarters: Ahmedabad
__________________________________________

Isha Ambani, Parita Parakh, and Ghazal Alagh are among the top young entrepreneurs in the Hurun India Under-35 list.

The inaugural 2024 Hurun India Under 35 list includes notable young entrepreneurs: Isha Ambani, Non-Executive Director of Reliance Retail; Parita Parekh, Co-Founder of Toddle; and Ghazal Alagh, Founder of Mamaearth.


      - The 2024 Hurun India Under 35 list is topped by Ankush Sachdeva, 31 years old, who is the Chief Executive Officer (CEO) of ShareChat and Moj, India's leading social media applications.


     

     

Main Points:-   (i) The latest compilation features 150 remarkable self-made entrepreneurs in India who are under the age of 35.

      (ii) The list showcases young entrepreneurs driving innovation and shaping India’s business landscape.

About Hurun Report Inc (Huran Report),
Chairman & Chief Researcher : Rupert Hoogewerf
Headquarter : Mumbai
__________________________________________

MoPSW Sarbananda Sonowal Launches Cruise Bharat Mission.

Minister of Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal launched Cruise Bharat Mission from Mumbai Port to boost India's cruise tourism sector and position it globally.


      * Cruise Bharat Mission(CBM) targets increasing cruise passengers from 4.6 lakh in 2024 to 50 lakh by 2027.


      * Cruise Bharat Mission(CBM) aims to increase cruise sailings from 254 in 2024 to 500 by 2030 and 1,100 by 2047.

     

Main Points,   River cruise passengers are expected to rise from 5 lakh in phase 1 to 50 lakh by phase 3.

      Marinas are expected to grow from 1 to 5, with employment in the sector rising from 100,000 to 400,000 by the final phase.

About MoPSW,
Minister : Sarbananda Sonowal
Secretary : T K Ramachandran
__________________________________________

Union Cabinet Approves Establishment of National Centre of Excellence for Animation, Visual Effects, Gaming, and Comics (AVGC) in Mumbai.

On September 18, 2024, Union Cabinet chaired by Prime Minister Narendra Modi has announced the establishment of a National Centre of Excellence for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) in Mumbai, Maharashtra.


      * It will be administered by the Ministry of Information and Broadcasting (MoI&B).


      * This represents a crucial advancement in enhancing India's media and entertainment sector.

     

Main Points:-   - It is expected to boost the Indian economy and create new job opportunities in the rapidly growing AVGC sector.

     

About Ministry of Information and Broadcasting of India(MoI&B),
Minister : Ashwini Vaishnaw
Headquarters: New Delhi
__________________________________________

Government Launches New Scheme 'Jal hi AMRIT'.

Union Minister Monohar Lal announced the launch of the Jal Hi AMRIT scheme in 100 days, promoting effective water management under AMRUT 2.0.


      * The government also approved three metro projects worth ₹31,000 crores. This includes Bengaluru Metro Phase-3, Thane Internal Ring Road Metro projects, and the southward extension of the Pune Metro Rail project.


     

     

Main Points:-   In a span of 100 days, the inauguration and foundation laying of 263 projects, with a total value of ₹9,352 crore, will be accomplished.

     

__________________________________________

INDIA- KAZAKHSTAN JOINT MILITARY EXERCISE KAZIND -2024 COMMENCES IN AULI.

The 8th edition of India-Kazakhstan Joint Military Exercise KAZIND-2024 commenced today, at Surya Foreign Training Node, Auli, Uttarakhand.


      - The exercise is scheduled to be conducted from 30th September to 13th October 2024.


      - Joint Exercise KAZIND-2024 has been held annually since 2016. Last edition of the Joint Exercise was held at Otar, Kazakhstan from 30th October to 11th November 2023.

     

Main Points:-   (i) The Indian armed forces, comprising 120 personnel, are being represented by a battalion of the Kumaon Regiment of the Indian Army, along with other arms and services, as well as personnel from the Indian Air Force.

      (ii) The Kazakhstan contingent is being represented mainly by personnel from Land Forces and Air Borne Assault Troopers, the ministry said.

About KAZAKHSTAN,
Prime minister: Oljas Bektenov
Capital: Astana
__________________________________________

Haifa Day was celebrated on 23 September 2024 in New Delhi.

Haifa Day was celebrated on 23 September 2024 in New Delhi to honour the martyrs of the Battle of Haifa. Speaking on the occasion, Ambassador of Israel to India Reuven Azar hailed the relationship between the two countries.


      - Ambassador of Israel praised how both the countries have repealed sovereignty and established democracies.


     

     

Main Points:-   (i) Indian Soldiers, who were part of World War I in 1918 from the British Indian Army fought the battle of Haifa.

      (ii) The battle was a decisive victory for the Indian soldiers, who defeated the Ottoman Empire and their German allies.

__________________________________________

TIGA Investments Receives CCI Approval to Acquire Stake in Dream11.

The Competition Commission of India (CCI) has approved Singapore-based TIGA Investments' plan to acquire a stake in Dream Sports Inc., the parent company of Dream11.


      - The deal is reportedly valued at over USD 150 million.


      - Dream Sports operates Dream11 through its subsidiary Sporta Technologies in India’s online gaming sector.

      - The deal follows Tencent Holdings' decision to divest its entire stake in Dream Sports due to regulatory pressures on Chinese investments in India.

Main Points:-   The transaction involves Tiga Acquisition Corp III (Tiga) purchasing specific preferred shares of Dream Sports Inc (DSI) and associated rights from an existing DSI shareholder, as stated by the regulator in a notice on September 23.

     

About CCI,
Chairperson : Ravneet Kaur
Headquarters: New Delhi
__________________________________________

International day of awareness of food loss and waste is celebrated on 29 September 2024.

The fifth International Day of Awareness of Food Loss and Waste (IDAFLW) will be observed on the 29th of September 2024.


      - The IDAFLW 2024 will emphasize the urgent need for funding to enhance initiatives aimed at reducing food loss and waste, supporting climate objectives, and furthering the 2030 Agenda for Sustainable Development.


     

     

Main Points:-   (i) This year's observance centers around the theme "Climate Finance for Food Loss and Waste Reduction."

     

__________________________________________

World environmental health day is celebrated on 26 September 2024.

World Environmental Health Day on 26 September 2024, highlights the importance of a safe environment through waste management, pollution control, and clean air and water.


      - The day emphasises how important it is to create a safe and healthy environment by tackling important concerns – including waste management, pollution control, clean air, water, and good sanitation.


     

     

Main Points:-   (i) The 2024 theme is focused on "Environmental Health: Building Resilient Communities through Disaster Risk Reduction and Strategies for Climate Change Mitigation and Adaptation."

     

__________________________________________

Astronomers from the Indian Institute of Astrophysics (IIA) Map the Differential Rotation of the Sun's Chromosphere Using 100 Years of Kodaikanal Data.

Astronomers from Indian Institute of Astrophysics (IIA) mapped the Sun's differential rotation, revealing the equator rotates faster than poles, enhancing solar activity understanding.


      - The discovery was based on 100 years of daily records from Kodaikanal, Tamil Nadu (TN).


     

     

Main Points:-   (i) This study is the first to utilize chromospheric network cells for mapping the Sun's rotation across different latitudes.

      (ii) The analysis found that the Sun rotates fastest at the equator (13.98 degrees per day) and slows toward the poles (10.5 degrees per day at 80 degrees latitude).

About Indian Institute of Astrophysics (IIA),
Director: Annapurni Subramaniam
Founded: 1971
__________________________________________

Legendary Actor Mithun Chakraborty to be Honored with Dadasaheb Phalke Award.

Legendary actor Mithun Chakraborty, 74, will receive the esteemed Dadasaheb Phalke Award, India's highest honor in cinema, for his significant contributions to the film industry.


      - The ceremony, which will be presided over by President Draupadi Murmu, will honor Mithun Chakraborty's career and his contribution to the Indian film industry.


      - Chakraborty’s career is decorated with numerous accolades, including three National Film Awards and two Filmfare Awards.

     

Main Points:-   (i) He will receive the Dadasaheb Phalke Award at the 70th National Film Awards ceremony, scheduled for October 8, 2024, at Vigyan Bhawan, New Delhi.

      (ii) He will be the 54th recipient of this award.

__________________________________________

“Make in India” completed 10 years today and PM Modi praised it and said that it will create a developed India.

Today marks the 10th anniversary of the "Make in India" initiative, which aims to transform India into a global manufacturing hub. Prime Minister Narendra Modi praised the program, highlighting its significant contributions to the country's economy and employment generation. He emphasized that the initiative has strengthened the manufacturing sector, attracting both domestic and foreign investments. PM Modi reaffirmed his commitment to building a developed India, stating that "Make in India" is crucial for achieving this goal. The government continues to support innovation and entrepreneurship, encouraging businesses to manufacture their products in India and contribute to national growth.


      The "Make in India" initiative has successfully created millions of jobs, boosting local economies across the nation.


      This initiative encourages skill development, enabling Indian youth to participate actively in the manufacturing sector's growth.

     

 

     

__________________________________________

Chandrayaan-3 Vikram Lander Successfully Lands Inside Buried Impact Crater.

The Chandrayaan-3 mission achieved a significant milestone as its Vikram lander successfully landed within a buried impact crater on the Moon's surface. This achievement marks a critical step in India's space exploration efforts and provides valuable insights into the Moon's geological history. The location within the impact crater is believed to offer unique opportunities for scientific research, including the study of lunar soil and the potential for water ice deposits. Scientists and engineers from the Indian Space Research Organisation (ISRO) celebrated this historic moment, which reinforces India's position as a key player in global space exploration.


      The Vikram lander’s successful landing enhances India's capabilities in lunar exploration and scientific research, showcasing technological advancements.


      Future missions may focus on extracting resources from lunar craters, promoting sustainable exploration and potential colonization of the Moon.

     

 

     

__________________________________________

Ministry of Food Processing Industries (MoFPI) Organized the 3rd World Food India in New Delhi from 19th to 22nd September 2024.

The Secretary, Ministry of Food Processing Industries (FPI), Smt. Anita Praveen chaired the roundtable interaction with industry at Invest India here yesterday. The primary focus of the meeting was to brief the industry on the next edition of World Food India 2024 to be organized from 19th-22nd September 2024. The meeting deliberated on the involvement and expectations from the industry in the event and marked a continuation of a series of discussions aimed at informing stakeholders about the Ministry's action plan for World Food India 2024 and exploring potential areas of collaboration. Notably, senior representatives from key agri-food companies actively participated in this roundtable session.


      The ministry emphasized the role of the industry in World Food India 2024 to enhance India's global food processing presence.


      Senior agri-food company representatives discussed potential partnerships for innovative solutions at World Food India 2024 during the session.

     

 

     

About MoFPI,
Secretary : Smt Anita Praveen
Headquarters: New Delhi
__________________________________________

MoHFW and ADB (Asian Development Bank) Host Climate & Health Solutions India Conclave, Offering Strategic Insights for Future Action.

The Climate and Health Solutions India Conclave co-hosted by the Ministry of Health and Family Welfare and Asian Development Bank concluded in New Delhi on Friday. The two-day conclave focused on the urgent intersection of climate change and public health in the country, convening policymakers, experts and stakeholders to develop actionable strategies for the health sector in the face of these pressing challenges. It had discussions on Climate Resilient and Responsive Health Systems and Infrastructure, chaired by representatives from 19 states and Union Territories, including Andhra Pradesh, Assam, Gujarat, Kerala, and Tamil Nadu.


      The conclave emphasized the need for integrating climate change into public health policies and practices across India.


      Participants proposed collaborative efforts between government, private sector, and communities to enhance health sector resilience against climate impacts.

     

 

     

MoHFW SEBI,
Minister : J. P. Nadda
Headquarters: New Delhi
__________________________________________

Prime Minister Modi Launches International Financial Services Centre (IFSC) Single Window System Developed by Digital Empowerment Ventures (DEV).

Prime Minister Narendra Modi launched the International Financial Services Centre (IFSC) Single Window System, designed to streamline various services for financial institutions. Developed by Digital Empowerment Ventures (DEV), the system aims to enhance the ease of doing business in India's financial sector. It provides a centralized platform for accessing regulatory and administrative services, promoting efficiency and transparency. This initiative is expected to attract global investors and boost India's position as a leading financial hub. During the launch, Modi emphasized the importance of digital transformation in finance and its role in supporting economic growth and innovation in the country.


      Shares of Dev Information Technology surged following the launch of the Single Window IT System by Prime Minister Modi.


     

     

 

     

__________________________________________

Bharat Electronics Limited (BEL) Secures Ministry of Corporate Affairs (MCA) Approval to Establish Joint Venture with Israel Aerospace Industries.

Bharat Electronics Limited (BEL) has received approval from the Ministry of Corporate Affairs (MCA) to establish a joint venture with Israel Aerospace Industries. This partnership aims to enhance collaboration in the aerospace and defense sectors, leveraging BEL's expertise in electronics and Israel's advanced aerospace technology. The joint venture is expected to focus on manufacturing and developing high-tech defense solutions, contributing to India’s self-reliance in defense production. This strategic move aligns with the Indian government's initiatives to boost domestic manufacturing and strengthen ties with Israel in the defense sector, paving the way for future innovations and advancements.


      The joint venture will enable the development of advanced defense systems, fostering innovation in India's defense manufacturing sector.


      This collaboration is part of India's efforts to strengthen defense ties and promote indigenous manufacturing capabilities.

     

 

     

About BEL,
Chairman& MD : Manoj Jain
Headquarters: Bangalore, India
__________________________________________

Ministry of Power unveils Cyber Security Incident Response Team (CSIRT-POWER) facility to protect India's power sector against cyber threats.

The Ministry of Power has launched a new facility called the Cyber Security Incident Response Team (CSIRT-POWER) to safeguard India's power sector from escalating cyber threats. As the energy sector becomes increasingly digitalized, the risk of cyberattacks has grown, making this initiative crucial for the country's energy security. The CSIRT-POWER facility will monitor, detect, and respond to cyber threats, providing a critical layer of protection for the nation’s power infrastructure. This move aligns with the government's broader strategy to strengthen cybersecurity across critical sectors and ensure the resilience of the energy grid against potential cyber intrusions.


      The CSIRT-POWER facility will operate 24/7 to provide real-time response against cyber threats in India.


      Experts from diverse cybersecurity fields will collaborate at CSIRT-POWER, ensuring multi-layered protection for India's power sector.

     

 

     

__________________________________________

India and Nepal Sign 12 MoUs for High Impact Community Development Projects in Nepal.

India and Nepal have signed 12 Memorandums of Understanding (MoUs) for the implementation of High Impact Community Development Projects (HICDPs) in Nepal. These projects aim to enhance the quality of life for people in various sectors such as education, healthcare, drinking water, sanitation, and infrastructure. The MoUs were signed as part of India's long-standing development partnership with Nepal, with a focus on improving the grassroots level. Since 2003, India has supported over 500 such projects in Nepal. These initiatives underscore the strong bilateral relations and India's commitment to the socio-economic development of its neighboring country.


      The signed MoUs focus on sustainable development, enhancing community infrastructure, and promoting local engagement in Nepal’s progress.


      These projects reflect India’s commitment to fostering goodwill and cooperation with Nepal through mutual socio-economic initiatives.

     

 

     

About Nepal,
President: Ram Chandra Poudel
Currency: Nepalese Rupee
__________________________________________

According to RBI report, fossil fuel dominance in electricity generation set to end by 2030.

Dominance of fossil fuels in electricity generation in India will end by the end of the decade said Reserve Bank of India in its latest report. The report also noted that the renewable energy is expected to cross 50 per cent share in electricity generation globally. It added that the energy transition has accelerated in recent years, with the pace of clean technology deployment and capital investment surging to record levels.


      Global investments in renewable energy technologies are projected to reach unprecedented levels by the end of this decade.


      India aims to enhance its renewable energy capacity significantly, contributing to a sustainable energy future by 2030.

     

 

     

About RBI,
CEO : Shaktikanta Das
Headquarter : Mumbai
__________________________________________

Alexander Dunn Awarded the 2024 SASTRA Ramanujan Prize.

Alexander Dunn has been awarded the prestigious 2024 SASTRA Ramanujan Prize for his significant contributions to the field of mathematics. The prize, named after the renowned Indian mathematician Srinivasa Ramanujan, recognizes outstanding work by young mathematicians. Dunn's research has focused on various areas, including number theory and mathematical analysis, showcasing his deep understanding and innovative approach to complex problems. The SASTRA Ramanujan Prize is a global acknowledgment of excellence in mathematics and serves to inspire upcoming generations of mathematicians. Dunn's achievement highlights the importance of fostering talent and dedication in the mathematical sciences.


      The SASTRA Ramanujan Prize aims to promote research and innovation among young mathematicians worldwide, inspiring future contributions.


      Dunn's award emphasizes the need for supporting young talent in mathematics to advance the field's global recognition.

     

 

     

__________________________________________

Tata Motors to Manufacture 150 Wheeled Armoured Platform (WhAP) Vehicles for Morocco.

Tata Motors has announced plans to manufacture 150 Wheeled Armoured Platform (WhAP) vehicles for Morocco. This decision aligns with Morocco’s strategy to enhance its defense capabilities and modernize its armed forces. The WhAP vehicle, known for its versatility and protection, is designed for various military operations. Tata Motors aims to deliver these vehicles by [insert expected delivery date if known]. The initiative underscores Tata Motors' commitment to expanding its international presence and supporting global defense needs. This partnership not only strengthens India's defense manufacturing capabilities but also fosters strategic ties between India and Morocco.


      Tata Motors' WhAP vehicles will enhance Morocco's military capabilities, providing advanced protection and operational flexibility.


      The collaboration reflects India's growing role in global defense manufacturing, promoting strategic partnerships with countries like Morocco.

     

 

     

__________________________________________

International day for universal access to information is celebrated on 28 September 2024.

The International Day for Universal Access to Information was celebrated on September 28, 2024. This day emphasizes the importance of freedom of information and human rights. It serves as an opportunity to raise awareness about the right of individuals to access information. The aim of the day is to promote government transparency and accountability. Access to information is crucial in ensuring equality and justice for all. By recognizing this day, various organizations and governments encourage the public to advocate for their rights and engage in discussions about the importance of open information and the impact it has on society.


      Governments and organizations worldwide participate in events and campaigns promoting information access as a fundamental human right.


      The day fosters collaboration among stakeholders to improve policies ensuring public access to information and data resources.

     

 

     

__________________________________________

Andhra Pradesh and Karnataka Sign MoU for Wildlife Protection and Forest Management.

Andhra Pradesh and Karnataka governments have entered into a Memorandum of Understanding (MoU) to establish a framework for cooperation between the Forest Departments to address wildlife and forest management challenges. The MoU was signed by A.P. Principal Chief Conservator of Forests (PCCF) and Head of Forest Force (HoFF) Chiranjeevi Choudhary, and Karnataka PCCF and HoFF Brijesh Kumar Dixit in the presence of Deputy Chief Minister Pawan Kalyan and Karnataka Forests Minister Eswar B Khandre here.


      The MoU aims to enhance collaboration in wildlife conservation and improve sustainable forest management practices between states.


      The agreement includes joint efforts in habitat restoration, biodiversity conservation, and addressing climate change impacts on forests.

     

 

     

__________________________________________

Maharashtra Approves Renaming Pune Airport as Jagadguru Sant Tukaram Maharaj Airport.

The Maharashtra government on Monday approved a proposal to rename Pune's international airport as 'Jagadguru Sant Tukaram Maharaj Airport'. The decision was made during a cabinet meeting chaired by chief minister Eknath Shinde, with the proposal now set to be forwarded to the Centre for final approval.Chief minister Shinde announced the decision in an X post, along with updates on other schemes and benefits.


      The renaming aims to honor the contribution of Jagadguru Sant Tukaram Maharaj to Maharashtra's cultural heritage.


      This decision will promote tourism and enhance the identity of Pune as a cultural destination in India.

     

 

     

__________________________________________

MoS Prof. S. P. Singh Baghel inaugurates National Conference on PESA Act in New Delhi.

Union Minister of State for Panchayati Raj, Prof. S. P. Singh Baghel, inaugurated the National Conference on the Panchayats (Extension to Scheduled Areas) Act, 1996 (PESA) at Dr. Ambedkar International Centre, New Delhi. Union Minister for Tribal Affairs, Shri Durgadas Uikey, delivered the keynote address. The conference, attended by over 500 participants from ten PESA States, including ministers, officials, and NGO representatives, emphasized the government's commitment to enhancing governance and development in Scheduled Areas and ensuring effective implementation of the PESA Act.


      Prof. S. P. Singh Baghel emphasized that the Ministry of Panchayati Raj is working to empower Gram Sabhas in PESA villages as strong and vibrant platforms for local governance.


      The PESA Conference introduced the PESA-GPDP Portal and training modules to enhance grassroots development under the PESA Act.

     

 

     

__________________________________________

India Ranks 39th in Global Innovation Index 2024 Switzerland Tops for 14th Consecutive Year.

India has secured the 39th position in the Global Innovation Index 2024, reflecting its consistent improvement in innovation capabilities. Switzerland continues to lead the rankings, claiming the top spot for the 14th consecutive year. The index, published annually by the World Intellectual Property Organization (WIPO), evaluates countries based on various factors including research, technology, and creative outputs. India's steady rise in the rankings highlights its growing emphasis on innovation, research, and development. This achievement places India ahead of several other emerging economies, reaffirming its position as a global player in innovation and technology.


      India's growing focus on digital innovation has contributed to its steady rise in the Global Innovation Index rankings.


      Improved infrastructure and research investment are key drivers behind India’s increasing innovation potential on the global stage.

     

 

     

About WIPO,
Director General : Daren Tang
Headquarters: Geneva, Switzerland
__________________________________________

BEL (Bharat Electronics Limited) Set to Enter Space Sector, Signs Agreement with Canada's Reliasat.

Bharat Electronics Limited (BEL) is set to enter the space sector by signing a significant agreement with Canada’s Reliasat. This collaboration aims to enhance satellite communication services and expand BEL's capabilities in space technology. The partnership will focus on developing advanced communication solutions, leveraging both companies' expertise. BEL, known for its innovations in electronics and defense, plans to diversify its offerings by tapping into the growing global space industry. This move aligns with India’s increasing investments in space exploration and technology, positioning BEL as a key player in the expanding aerospace and satellite communication markets.


      The collaboration will lead to the development of new satellite technologies, benefiting communication networks in India and abroad.


      BEL’s entry into the space sector reflects India's strategic focus on becoming a global leader in space technology.

     

 

     

About BEL,
Founded: 1954
Headquarters: Bengaluru
__________________________________________

Maggie Smith, Renowned Actress of ‘Downton Abbey’ and ‘Harry Potter,’ Dead at 89.

Renowned British actress Maggie Smith, celebrated for her iconic roles in "Downton Abbey" and the "Harry Potter" series, has passed away at the age of 89. With a career spanning over six decades, Smith earned global recognition for her versatile performances on stage and screen. She won two Academy Awards and numerous accolades for her work, including her portrayal of Professor Minerva McGonagall in "Harry Potter" and the Dowager Countess in "Downton Abbey." Her contribution to the arts has left an indelible mark on cinema and theatre. Fans and peers worldwide mourn the loss of this acting legend.


      Maggie Smith’s remarkable talent influenced generations of actors, inspiring many with her compelling performances and dedication to her craft.


     

     

 

     

__________________________________________

Arundhati Roy’s first memoir ‘Mother Mary Comes to Me’ to release in September 2025.

Booker Prize-winning author Arundhati Roy will release her first memoir, 'Mother Mary Comes to Me,' in September 2025, as announced by Penguin Random House on Friday. This memoir offers a deeply personal and compelling narrative of Roy's journey, illustrating how her life experiences—especially her intricate relationship with her mother—have shaped who she is today. Roy poignantly refers to her mother as “my shelter and my storm,” capturing the profound influence she had on her life.


      Arundhati Roy's upcoming memoir will offer a deep dive into her personal journey and life experiences.


      The book also reflects on Roy’s emotional connection with her mother, which shaped her identity.

     

 

     

__________________________________________

World contraception day is celebrated on 26 September 2024.

World Contraception Day takes place on September 6 each year. It is a part of a worldwide campaign, which envisions that every pregnancy in the world should be wanted. It generates awareness of the different kinds of contraception that women can use. The day was founded in the year 2007, and raises the importance of birth control and family planning.


      World Contraception Day promotes informed choices, ensuring individuals and couples understand their reproductive health options.


      By spreading knowledge on safe contraception methods, this day helps reduce unplanned pregnancies and improve maternal health.

     

 

     

__________________________________________

Dwayne Bravo retires from all forms of cricket, joins KKR as mentor.

Dwayne Bravo, a franchise legend, joined rivals Kolkata Knight Riders (KKR) as their mentor ahead of IPL 2024. Bravo, a T20 icon and a pivotal figure in CSK's numerous title-winning campaigns, announced his retirement from all forms of cricket following an injury during the 2024 Caribbean Premier League (CPL). Just hours after his emotional farewell to the sport, he shocked the cricketing community by signing as KKR's new mentor ahead of the 2025 IPL season.


      Dwayne Bravo is celebrated for his all-round abilities, including over 5,000 runs and 500 wickets in T20 cricket, making him one of the top performers in the format.


     

     

 

     

__________________________________________

World rabies day is celebrated on 28 September 2024.

World Rabies Day is observed every year on September 28, bringing much-needed attention to rabies, a fatal yet preventable disease that still claims nearly 60,000 lives annually across the world, most of them in impoverished regions of Asia and Africa. Rabies is primarily transmitted to humans through bites from infected dogs, and despite being entirely preventable with timely vaccinations, it remains a significant health threat in many parts of the world. World Rabies Day was first launched in 2007, marking the first event where the call for rabies prevention was made.


      Rabies prevention relies heavily on vaccinating both animals and humans, reducing the risk of transmission globally.


      Awareness campaigns and accessible healthcare can drastically lower rabies-related deaths in vulnerable areas.

     

 

     

__________________________________________

PM modi inaugurates and lays foundation for projects worth over ₹11,200 crore in Maharashtra.

Prime Minister Narendra Modi inaugurated and laid the foundation for projects worth over ₹11,200 crore in Maharashtra. These projects include schemes related to roads, railways, water supply, and urban infrastructure, which will accelerate the state's development. He initiated these projects in various districts, aiming to improve the quality of life for the local population. Along with this, employment generation and industrial growth will also be boosted. In his address, the Prime Minister said that these schemes will make Maharashtra economically stronger and will take development to new heights.


      Prime Minister Modi emphasized that these infrastructure projects will strengthen connectivity and boost Maharashtra’s overall economic growth.


      The launched projects focus on promoting sustainable development, aiming to enhance urban facilities while preserving environmental balance in Maharashtra.

     

 

     

__________________________________________

SEBI Amends Delisting Regulations to Introduce Fixed Price Process for Voluntary Delisting.

The Securities and Exchange Board of India (SEBI) has amended its delisting regulations to introduce a fixed price process for voluntary delisting. This new provision aims to enhance the transparency and efficiency of the delisting process, allowing companies to offer a predetermined price for their shares during the voluntary exit. The amendment seeks to protect the interests of minority shareholders by ensuring that they receive fair value for their holdings. Companies opting for this process will need to follow specific guidelines to comply with the new regulations, facilitating a smoother exit strategy for firms looking to delist from the stock exchange.


      The fixed price process simplifies decision-making for shareholders, allowing them to evaluate offers more clearly.


      This amendment may encourage more companies to consider voluntary delisting, enhancing market dynamics and opportunities.

     

 

     

About SEBI,
Chairperson: Madhabi Puri Buch
Headquarter : Mumbai
__________________________________________

IDBI Bank Launches One-Time Settlement (OTS) Scheme for Retail Non-Performing Asset (NPA) Borrowers to Boost Recovery.

IDBI Bank has introduced a One-Time Settlement (OTS) scheme aimed at retail borrowers classified as Non-Performing Assets (NPAs). This initiative is designed to enhance recovery rates by allowing these borrowers to settle their dues in a single payment, thereby easing their financial burden. The bank hopes that this scheme will encourage borrowers to clear their outstanding loans, improving their credit profiles and restoring their access to credit facilities. The OTS scheme reflects IDBI Bank’s commitment to supporting its customers while also addressing the challenges posed by NPAs in the banking sector.


      IDBI Bank aims to reduce its NPA ratio through this scheme, helping borrowers regain financial stability.


      The OTS scheme is expected to improve the overall health of the banking sector by minimizing bad loans.

     

 

     

About IDBI Bank,
CEO : Rakesh Sharma
Headquarter : Mumbai
__________________________________________

Mumbai Metropolitan Region Development Authority Secures Rs 31,673.79 Crore Loan from Power Finance Corporation to Fast-Track Nine Infrastructure Projects.

The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a loan Rs 31,674 crore from Power Finance Corporation (PFC) to fund various infrastructure projects across the Mumbai Metropolitan Region (MMR). A formal loan agreement was signed between PFC and MMRDA on Wednesday, marking the financial closure of several high-priority infrastructure initiatives aimed at enhancing connectivity, stimulating economic growth, and improving the quality of life in the MMR. This financial arrangement will cover 80% of the total project costs, with the remaining funds sourced from govt grants and contributions from MMRDA.


      The loan will support major projects like road expansions, rail improvements, and metro developments in the MMR.


      Enhanced infrastructure is expected to attract investments and boost employment opportunities within the Mumbai Metropolitan Region.

     

 

     

__________________________________________

China Successfully Launches Six New Satellites.

China successfully launched six new satellites into orbit, marking a significant achievement in its space program. The satellites were launched aboard a Long March 4B rocket from the Taiyuan Satellite Launch Center. This launch aims to enhance China’s capabilities in satellite communication, remote sensing, and earth observation. The new satellites are expected to contribute to various applications, including disaster monitoring, environmental protection, and urban planning. With this mission, China continues to expand its presence in space, reinforcing its status as a major player in the global space race and advancing its technological capabilities in satellite deployment.


      China aims to increase its satellite network for improved global positioning and communication services.


      The successful launch reflects China's growing technological prowess and commitment to advancing its space exploration initiatives.

     

 

     

About China ,
Capital: Beijing
President: Xi Jinping
__________________________________________

ISRO, IN-SPACe (Indian National Space Promotion and Authorization Center), and NSIL (NewSpace India Limited) Sign Five Technology Transfer Agreements with Non-Government Entities.

The Indian Space Research Organisation (ISRO), along with the Indian National Space Promotion and Authorization Center (IN-SPACe) and NewSpace India Limited (NSIL), has signed five Technology Transfer Agreements (TTAs) with various non-government entities. These agreements aim to promote innovation and commercialization in the space sector by facilitating the transfer of advanced technologies developed by ISRO. The collaboration is expected to boost the private space industry, encouraging startups and entrepreneurs to leverage ISRO's expertise. This initiative aligns with the government's vision to enhance the participation of private entities in the growing Indian space ecosystem.


      The agreements will enable startups to access cutting-edge space technologies, fostering growth and innovation in the private sector.


      This initiative marks a significant step towards strengthening India’s position as a global player in the space industry.

     

 

     

About ISRO,
Founder: Vikram Sarabhai
Chairman: Sreedhara Panicker Somanath
__________________________________________

India Ranks 3rd in Asia Power Index 2024 and USA Tops the List.

In the Asia Power Index 2024, India has secured the 3rd position, showcasing its growing influence and strategic capabilities in the region. The index, which assesses various metrics of power, ranks the United States at the top, reaffirming its dominant position globally. China's rising power continues to be a significant factor, placing it in the 2nd position. This year's rankings reflect shifting geopolitical dynamics and the increasing significance of nations like India in regional affairs. The index serves as a crucial tool for understanding the balance of power in Asia, highlighting India's role in shaping future alliances and partnerships.


      India's strategic partnerships with other nations enhance its global influence and contribute to regional stability and security.


      The Asia Power Index reflects the shifting power dynamics, with emerging economies like India playing a crucial role.

     

 

     

__________________________________________

SEBI Allows Mutual Funds (MFs) to Sell Credit Default Swaps to Boost Corporate Bond Liquidity.

The Securities and Exchange Board of India (SEBI) has granted permission for mutual funds (MFs) to sell credit default swaps (CDS) as a measure to enhance liquidity in the corporate bond market. This move aims to provide MFs with additional tools for managing credit risk and promoting market stability. By allowing MFs to engage in CDS transactions, SEBI hopes to deepen the corporate bond market, making it more attractive for investors. The decision is expected to facilitate better pricing, improve risk management, and ultimately increase participation in corporate bonds, contributing to the overall growth of India's financial markets.


      Enhancing corporate bond liquidity will attract more investors, fostering a healthier financial ecosystem in India.


      The introduction of credit default swaps will enable mutual funds to better manage risks and optimize returns.

     

 

     

About SEBI,
Chairperson: Madhabi Puri Buch
Headquarter : Mumbai
__________________________________________

New Catfish Species Exostoma sentiyonoae Discovered in Nagaland.

A new species of catfish, named Exostoma sentiyonoae, has been discovered in Nagaland, India. Researchers identified this unique species during a recent survey in the region's rivers, which are known for their rich biodiversity. Exostoma sentiyonoae is distinguished by its unique physical characteristics, including specific color patterns and fin structures. This discovery highlights the ecological importance of Nagaland's aquatic ecosystems and underscores the need for ongoing conservation efforts. The finding contributes to the understanding of fish diversity in Northeast India and opens avenues for further research on the region's endemic species.


      The discovery of Exostoma sentiyonoae emphasizes the need for further exploration of Nagaland's freshwater habitats for new species.


      Protecting the biodiversity of Nagaland is crucial for maintaining the ecological balance and supporting local communities.

     

 

     

__________________________________________

4th Global RE-INVEST Renewable Energy Investors' Meet & Expo Held in Gujarat.

The 4th Global RE-INVEST Renewable Energy Investors' Meet & Expo was held in Gujarat, showcasing India's commitment to clean energy and sustainable growth. The event brought together key global investors, policymakers, and industry leaders to discuss opportunities in the renewable energy sector. Organized by the Ministry of New and Renewable Energy, it aimed to boost investment in solar, wind, and other renewable projects across India. With a focus on innovation, technology, and financial solutions, the event highlighted India's progress toward achieving its ambitious renewable energy targets and transitioning to a greener economy.


      India is aiming to become a global leader in renewable energy by significantly expanding its green energy capacity.


      Gujarat, with its abundant solar and wind resources, plays a crucial role in India’s renewable energy roadmap.

     

 

     

About Gujarat,
Chief minister: Bhupendrabhai Patel
Governor: Acharya Devvrat
__________________________________________

Ministry of Health and Family Welfare (MoHFW) Releases National Health Accounts Estimates for India 2020-21 and 2021-22.

The Ministry of Health and Family Welfare (MoHFW) has released the National Health Accounts (NHA) estimates for India for the financial years 2020-21 and 2021-22. These estimates provide critical insights into health expenditure trends and financing sources, helping to inform policymakers and stakeholders about the overall health landscape. The NHA data reflects the impact of various health initiatives and expenditures, including public and private contributions. By analyzing these figures, the government aims to enhance health services and promote efficient resource allocation to improve healthcare delivery across the country.


      Enhanced health expenditure tracking aids in identifying gaps in healthcare services and ensuring resources are allocated effectively.


      NHA estimates support better planning and decision-making for health policies, promoting improved health outcomes for the population.

     

 

     

About MoHFW,
Minister : J. P. Nadda
Headquarters: New Delhi
__________________________________________

Dr. Devesh Chaturvedi, Secretary of the Department of Agriculture and Farmers' Welfare, Chairs Review Meeting of the UN World Food Programme's Country Programme Advisory Committee (CPAC).

Dr. Devesh Chaturvedi, Secretary of the Department of Agriculture and Farmers' Welfare, chaired a review meeting of the UN World Food Programme's Country Programme Advisory Committee (CPAC). The meeting focused on assessing the progress and impact of ongoing food assistance programs aimed at enhancing food security and nutrition in India. Participants discussed strategies for improving collaboration between government agencies and the UN World Food Programme to optimize resource allocation and implementation. Dr. Chaturvedi emphasized the importance of aligning these initiatives with national agricultural policies to achieve sustainable development goals and improve the livelihoods of farmers across the country.


      The collaboration between the government and international organizations is crucial for addressing food insecurity challenges effectively.


      Innovative agricultural practices and technology adoption can significantly improve food production and farmer incomes in India.

     

 

     

__________________________________________

NIPL (National Payments Corporation of India) Partners with Trinidad and Tobago to Develop UPI-Like Payments System.

NIPL (National Payments Corporation of India) has partnered with Trinidad and Tobago to develop a payments system similar to India's Unified Payments Interface (UPI). This collaboration aims to enhance financial inclusion and facilitate seamless digital transactions in Trinidad and Tobago. The UPI model, known for its efficiency and user-friendly interface, will be adapted to meet the specific needs of the Caribbean nation. By leveraging NIPL's expertise, the initiative seeks to promote digital payments and improve the overall payment ecosystem in Trinidad and Tobago, paving the way for easier and more secure financial transactions for its citizens.


      The collaboration will enable Trinidad and Tobago to enhance its digital payment infrastructure, boosting local commerce and efficiency.


      Adopting a UPI-like system can attract more investments and technological innovations in the Caribbean region’s financial sector.

     

 

     

About Trinidad and Tobago,
Capital: Port of Spain
Prime minister: Keith Rowley
__________________________________________

PNB Launches Multi-Currency World Travel Card for International Travelers.

Punjab National Bank (PNB) has launched a Multi-Currency World Travel Card aimed at facilitating international travel for its customers. This innovative card allows users to load multiple currencies, making it easier to transact abroad without incurring high currency conversion fees. It is designed to enhance the travel experience by providing a secure and convenient payment option for various expenses, such as shopping and dining in foreign countries. The card can be used at millions of merchant outlets worldwide and offers features like real-time transaction alerts. PNB aims to support its customers in their global travels with this new offering.


      The Multi-Currency World Travel Card offers enhanced security features, ensuring safe transactions for travelers abroad.


     

     

 

     

About Punjab National Bank,
CEO: Atul Kumar Goyal
Headquarters: New Delhi
__________________________________________

BOBCARD and Rupay Partner to Launch EMI Feature for UPI Payments.

BOBCARD has partnered with Rupay to introduce an Equated Monthly Installment (EMI) feature for UPI payments. This new offering aims to enhance customer convenience by allowing users to make purchases and pay in installments directly through UPI. With this collaboration, consumers can enjoy flexible payment options for various transactions, making it easier to manage finances. The EMI feature will be available for both online and offline merchants, expanding the scope of UPI payments. This initiative aligns with the growing trend of digital payments in India and supports the government's efforts to promote cashless transactions.


      The EMI feature enables easier access to credit, allowing more customers to shop without immediate financial strain.


      This partnership promotes financial literacy by encouraging users to understand and utilize installment payment options wisely.

     

 

     

__________________________________________

AU Small Finance Bank (SFB) Announces Partnership with Kotak Life Insurance to Offer Comprehensive Life Insurance Solutions.

AU Small Finance Bank (SFB) has announced a strategic partnership with Kotak Life Insurance to offer innovative life insurance solutions to its customers. This collaboration aims to enhance the financial security and investment options available to individuals and families. Customers will benefit from a range of life insurance products tailored to meet diverse needs, including savings, protection, and wealth accumulation. The partnership aligns with AU SFB's commitment to providing comprehensive financial services and ensuring accessibility to quality insurance solutions for underserved segments. Both organizations are poised to leverage their expertise to create impactful offerings in the insurance market.


      This partnership will enhance financial literacy among customers, helping them make informed decisions about life insurance products.


      AU Small Finance Bank aims to improve customer experience by integrating Kotak Life’s services into its banking platform.

     

 

     

__________________________________________

India Extends USD 50 Million Budgetary Support to Maldives for Another Year.

India has extended its budgetary support to the Maldives by an additional USD 50 million for another year. This funding aims to bolster the Maldives' economic recovery and development efforts. The support reflects India’s commitment to strengthening ties with the Maldives and assisting in the nation's progress. It will be utilized for various development projects that focus on enhancing infrastructure and public services. The announcement underscores the importance of bilateral cooperation between the two nations, as India continues to play a crucial role in the Maldives' stability and growth amid regional challenges and global economic uncertainties.


      India’s financial assistance strengthens its influence in the Maldives, promoting stability and growth in the region.


      The support demonstrates India's commitment to regional partnerships and its role as a reliable ally for smaller nations. यह सहायता भारत की क्षेत्रीय साझेदारियों के प्रति प्रतिबद्धता और छोटे देशों के लिए एक विश्वसनीय सहयोगी के रूप में उसकी भूमिका को दर्शाती है। Recently, India extended budgetary support of USD 50 million to which country for another year? A) Sri Lanka B) Maldives C) Bangladesh D) Nepal Correct Answer: B) Maldives हाल ही में, भारत ने किस देश को एक और वर्ष के लिए 50 मिलियन डॉलर की बजटीय सहायता बढ़ा दी? A) श्रीलंका B) मालदीव C) बांग्लादेश D) नेपाल सही उत्तर: B) मालदीव

     

 

     

About Maldives,
President: Mohamed Muizzu
Currency: Maldivian Rufiyaa
__________________________________________

Italian Striker Salvatore "Toto" Schillaci Has Passed Away.

Salvatore "Toto" Schillaci, the renowned Italian striker, has passed away, leaving a legacy as one of the most celebrated players in football history. Born on July 1, 1964, Schillaci gained international fame during the 1990 FIFA World Cup, where he was the tournament's top scorer and played a pivotal role in Italy's journey to the semifinals. Known for his speed, skill, and goal-scoring ability, Schillaci also had successful stints with clubs like Juventus and Palermo. His contributions to the sport have left an indelible mark, and he will be remembered fondly by fans and players alike.


      Schillaci's remarkable performance in the 1990 World Cup made him a national hero in Italy. His journey from humble beginnings to football stardom inspired many aspiring athletes around the world.


     

     

 

     

__________________________________________

Sukhvinder Singh Sukhu Releases Two Books Jalandhar Peeth Ka Rahsya and Mushtarka Khata Authored by Ajay Prakash.

Sukhvinder Singh Sukhu, the Chief Minister of Himachal Pradesh, recently unveiled two significant books authored by Ajay Prakash: Jalandhar Peeth Ka Rahsya and Mushtarka Khata. The event highlighted the importance of literature in preserving and promoting the cultural heritage of the region. Jalandhar Peeth Ka Rahsya delves into the historical and spiritual significance of the Jalandhar Peeth, while Mushtarka Khata explores the shared narratives and histories of diverse communities. Sukhu emphasized the need for ongoing research and documentation of Himachal Pradesh's rich traditions to foster a deeper understanding of its cultural identity.


      Promoting literature fosters community engagement and strengthens cultural ties among the diverse populations of Himachal Pradesh.


      The release of these books encourages further exploration of the region’s rich historical narratives and traditions.

     

 

     

__________________________________________

World tourism day is celebrated on 27 September 2024.

World Tourism Day was celebrated on September 27, 2024, highlighting the importance of tourism in promoting cultural exchange and economic development. This year’s theme focused on sustainable tourism, emphasizing the need for responsible travel practices that benefit local communities and preserve natural resources. Events and activities were organized globally, encouraging people to explore their surroundings while being mindful of their environmental impact. Governments and organizations also took this opportunity to promote initiatives that support tourism recovery post-pandemic. The day served as a reminder of tourism's role in fostering peace, understanding, and cooperation among nations.


      Tourism promotes local culture and heritage, encouraging visitors to appreciate and respect diverse traditions.


      Investing in tourism infrastructure creates job opportunities and boosts economic growth in communities worldwide.

     

 

     

__________________________________________

International day for the elimination of nuclear weapons is celebrated on 26 September.

On September 26, the International Day for the Elimination of Nuclear Weapons is observed worldwide to promote global awareness and action towards nuclear disarmament. Established by the United Nations, this day highlights the catastrophic humanitarian consequences of nuclear weapons and the urgent need for their eradication. Events and discussions are held globally, emphasizing the importance of diplomacy, international cooperation, and public engagement in advocating for a world free from nuclear threats. The day serves as a reminder of the collective responsibility to work towards peace and security, ensuring future generations live in a safer, nuclear-free environment.


     


     

     

 

     

__________________________________________

India Officially Joins International Big Cat Alliance(IBCA).

India has officially joined the International Big Cat Alliance(IBCA), a global initiative aimed at the conservation of big cats and their habitats. This alliance focuses on the protection of species such as tigers, leopards, lions, and cheetahs, which are critical to maintaining ecological balance. By becoming a member, India aims to strengthen its commitment to wildlife conservation and collaborate with other countries on best practices for big cat preservation. The initiative will also enhance efforts in combating poaching and habitat loss, ensuring a sustainable future for these majestic animals. India’s participation underscores its role as a leader in global wildlife protection.


      The alliance will facilitate knowledge sharing and collaboration among countries to enhance big cat conservation strategies.


      India's involvement will attract international support and funding for big cat protection programs and habitat restoration efforts.

     

 

     

About IBCA,
Established : 2023
Director General: S P Yadav
__________________________________________

Shigeru Ishiba Set to Become the New Prime Minister of Japan.

Shigeru Ishiba is poised to become the new Prime Minister of Japan following the recent parliamentary elections. A seasoned politician and member of the Liberal Democratic Party, Ishiba has previously held various key positions, including Minister of Defense. His leadership is anticipated to bring fresh perspectives to Japan’s domestic and foreign policies, focusing on economic recovery and national security. Ishiba's campaign emphasized strengthening Japan’s defense capabilities and enhancing relations with neighboring countries. As he prepares to assume office, many are optimistic about his ability to address the pressing challenges facing the nation, including an aging population and economic stagnation.


      Ishiba's government may focus on revitalizing Japan's economy through innovative policies to attract foreign investments.


      A strong emphasis on technology and infrastructure development can lead to improved quality of life for citizens.

     

 

     

About Japan,
Capital: Tokyo
Currency: Japanese yen (¥)
__________________________________________

Jeevan Nedunchezhiyan and Vijay Sundar Prashanth Win Doubles Title at Hangzhou Open 2024.

Indian tennis players Jeevan Nedunchezhiyan and Vijay Sundar Prashanth showcased their exceptional skills by clinching the doubles title at the Hangzhou Open 2024. In a thrilling final, the duo defeated their opponents with a score of 6-3, 7-5, demonstrating remarkable teamwork and resilience throughout the match. This victory marks a significant achievement for the Indian pair, highlighting their potential on the international stage. The Hangzhou Open, part of the ATP Challenger Tour, provided a competitive platform for rising stars, and Nedunchezhiyan and Prashanth's triumph will inspire future generations of Indian tennis players.


      The victory at the Hangzhou Open boosts the confidence of Indian tennis players on the international circuit.


      This win highlights the growing talent in Indian tennis and encourages young athletes to pursue their dreams.

     

 

     

__________________________________________

India Wins Bronze Medal at 1st Asia Pacific Padel Cup in Bali, Indonesia.

India secured a bronze medal at the inaugural Asia Pacific Padel Cup held in Bali, Indonesia. The Indian team showcased remarkable skill and teamwork throughout the tournament, overcoming tough competition from several countries. The bronze medal match was fiercely contested, but India managed to clinch victory with a strong performance. This achievement marks a significant milestone for padel in India, highlighting the growing popularity of the sport in the country. The players expressed pride in representing India on such a prestigious platform, and this success is expected to inspire more athletes to take up padel in the future.


      The success at the Asia Pacific Padel Cup showcases India's potential in emerging sports and encourages further development.


      Increased recognition of padel can lead to more investments in sports infrastructure and training programs across India.

     

 

     

About Indonesia,
Capital: Jakarta
Official language: Indonesian
__________________________________________

Scotland Agrees to Host the 2026 Commonwealth Games After Australia's Withdrawal.

Scotland has agreed to host the 2026 Commonwealth Games after Australia withdrew its bid due to escalating costs and logistical challenges. The decision was announced by the Commonwealth Games Federation, which expressed confidence in Scotland's ability to deliver a successful event. This marks Scotland's second time hosting the Commonwealth Games, having previously done so in 2014 in Glasgow. Officials believe that the event will not only showcase Scotland's sporting spirit but also boost tourism and local economies. Preparations are set to begin immediately as the country gears up to welcome athletes from around the Commonwealth.


      Hosting the Commonwealth Games will provide Scotland with a unique opportunity to enhance its international reputation as a sporting destination.


      The event is expected to create numerous job opportunities, boosting the local economy and supporting various sectors.

     

 

     

About Scotland,
Prime minister: John Swinney
Capital: Edinburgh
__________________________________________

World maritime day is celebrated on 26 September 2024.

World Maritime Day was celebrated on 26 September 2024, highlighting the significance of the maritime industry in global trade and sustainability. The day focused on raising awareness about the importance of shipping and its role in the world economy, while also addressing environmental issues such as reducing carbon emissions. This year's theme emphasized technological advancements and sustainable shipping practices, aligning with the global push for greener, more efficient maritime operations. Events and discussions were held across various countries, engaging stakeholders from governments, industry, and environmental organizations to promote safe, secure, and environmentally friendly shipping.


      Countries are focusing on using cleaner fuels in ships to reduce pollution and protect the oceans.


      New technologies in shipping aim to make international trade faster and more environmentally friendly.

     

 

     

__________________________________________

Axis Bank and Mastercard Collaborate to Launch MyBiz: A Credit Card for Small Business Owners.

Axis Bank has partnered with Mastercard to introduce "MyBiz," a credit card designed specifically for small business owners. This innovative financial product aims to empower entrepreneurs by providing tailored features that cater to their unique needs. MyBiz offers benefits such as higher credit limits, reward points on business expenditures, and flexible repayment options, enabling small businesses to manage their finances more effectively. The collaboration reflects a commitment to supporting the growth of small enterprises in India, helping them access the financial tools necessary for expansion and success. This initiative is expected to enhance the banking experience for business owners across the country.


      MyBiz card helps small businesses build credit history, enhancing their chances for future loans and financial support.


      The collaboration aims to simplify financial management for entrepreneurs, promoting business growth and sustainability in the long term.

     

 

     

__________________________________________

SBI General Insurance Launches 'SBIG Health Super Top-Up' Plan.

SBI General Insurance has launched a new health insurance product called the 'SBIG Health Super Top-Up' plan. This innovative plan is designed to provide additional coverage beyond the existing health insurance policies, helping policyholders manage higher medical expenses. With a sum insured ranging from ₹3 lakhs to ₹1 crore, the plan offers a range of benefits, including cashless hospitalization across a vast network of hospitals. The 'SBIG Health Super Top-Up' plan aims to enhance financial security for individuals and families, ensuring they receive quality healthcare without the burden of exorbitant costs. Customers can explore this plan on the SBI General Insurance website.


      The plan offers a wide network of hospitals, ensuring easy access to quality healthcare for all policyholders.


      With customizable coverage options, customers can choose a plan that best suits their healthcare needs and budget.

     

 

     

__________________________________________

Textiles Minister Giriraj Singh Unveils Commemorative Coin to Mark Platinum Jubilee of Central Silk Board.

Textiles Minister Giriraj Singh unveiled a commemorative coin to mark the platinum jubilee of the Central Silk Board. The event celebrated 75 years of the Board’s contributions to the Indian silk industry, highlighting its role in promoting silk production, innovation, and boosting rural employment. Speaking at the ceremony, Giriraj Singh praised the Board’s efforts in making India one of the largest producers of silk globally. He also emphasized the government's continued support for enhancing silk production and exports. The coin symbolizes the achievements and future aspirations of the silk sector in India.


      Giriraj Singh highlighted the Central Silk Board’s role in empowering women through sericulture training and opportunities.


      The minister announced new initiatives to modernize silk farming, aiming to increase productivity and income for farmers.

     

 

     

__________________________________________

PM Narender Modi Unveils Three PARAM Rudra Supercomputers Valued at ₹130 Crore to Boost National Computing Capacity.

Prime Minister Narendra Modi dedicated three PARAM Rudra supercomputers, valued at ₹130 crore, to the nation. Developed under the National Supercomputing Mission, these state-of-the-art machines will significantly enhance India's computational capabilities in various sectors, including scientific research, artificial intelligence, and data analysis. The supercomputers are aimed at bolstering the country's technological infrastructure, facilitating cutting-edge innovations, and empowering academic institutions with advanced computational power. PM Modi highlighted the importance of such initiatives in making India self-reliant in the field of supercomputing and further strengthening the nation's position in the global technology landscape.


      The PARAM Rudra supercomputers will support India's goal to become a global leader in high-performance computing.


      These supercomputers will be deployed in universities and research institutions to boost innovation and data processing.

     

 

     

__________________________________________

Squadron Leader Mohana Singh Becomes First Woman Fighter Pilot in Light Combat Aircraft (LCA) Tejas Fighter Fleet.

Squadron Leader Mohana Singh has made history by becoming the first woman fighter pilot to be inducted into the Light Combat Aircraft (LCA) Tejas fighter fleet of the Indian Air Force. This milestone reflects the growing opportunities for women in combat roles within the military. Squadron Leader Singh, who completed her training and operational duties, will now fly the indigenously developed LCA Tejas, showcasing India's advancements in defense technology. Her achievement is a significant step toward gender equality in the armed forces and serves as an inspiration for aspiring female aviators across the country.


      The induction of women in combat roles showcases the Indian Air Force's commitment to gender equality and empowerment.


      Mohana Singh’s achievement inspires future generations to pursue careers in aviation and defense forces without gender barriers.

     

 

     

__________________________________________

Union Minister Jyotiraditya M. Scindia Launches 'Ek Ped Maa Ke Naam' App.

Union Minister Jyotiraditya M. Scindia recently launched the 'Ek Ped Maa Ke Naam' app, aimed at promoting tree planting and environmental awareness. The initiative encourages individuals to plant trees in honor of their mothers, fostering a deeper connection between people and nature. During the launch event, Scindia emphasized the importance of preserving the environment for future generations and highlighted the role of citizens in combating climate change. The app provides users with resources and information on tree species, planting techniques, and the environmental benefits of trees, making it easier for people to contribute to a greener India.


      The app encourages families to bond through planting trees, promoting values of love and care for nature.


      By using the app, users can track their planting activities and contribute to local reforestation efforts.

     

 

     

__________________________________________

KVIC (Khadi and Village Industries Commission) and NIFT (National Institute of Fashion Technology) Sign MoU under CoEK-2.0 to Enhance Marketability of Khadi Brand.

The Khadi and Village Industries Commission (KVIC) and the National Institute of Fashion Technology (NIFT) have signed a Memorandum of Understanding (MoU) under the CoEK-2.0 initiative to enhance the marketability of the Khadi brand. This collaboration aims to leverage NIFT's expertise in fashion design and branding to promote Khadi products, making them more appealing to contemporary consumers. The partnership is expected to drive innovation, improve product quality, and expand the reach of Khadi in both domestic and international markets. This initiative represents a significant step toward reviving and modernizing the traditional fabric of India.


      The collaboration aims to introduce new designs and sustainable practices, attracting younger consumers to the Khadi brand.


      This partnership will facilitate skill development programs for artisans, enhancing their capabilities and improving livelihood opportunities.

     

 

     

About KVIC,
Founded: 1957
Headquarter : Mumbai
__________________________________________

Axis AMC Launches India’s First Target Maturity Mutual Fund Scheme Focused on the NBFC Sector.

Axis Asset Management Company (AMC) has launched India's first mutual fund scheme targeting the non-banking financial company (NBFC) sector. This innovative scheme is designed to provide investors with an opportunity to invest in fixed-income securities with a target maturity. The mutual fund aims to capitalize on the growth potential of the NBFC sector, which has been playing a crucial role in financing and supporting various sectors of the economy. By focusing on this segment, Axis AMC aims to enhance investor returns while managing risks effectively.


      The new fund offers investors a unique opportunity to diversify their portfolios with a focus on the NBFC sector.


     

     

 

     

__________________________________________

City Union Bank Launches Eight Innovative Payment Products at Global Fintech Fest 2024.

At the Global Fintech Fest 2024, City Union Bank unveiled eight innovative digital payment products aimed at enhancing financial operations for Micro, Small, and Medium Enterprises (MSMEs) and retail customers. The offerings include Delegate payments, UPI Lite auto top-up, National Common Mobility Card, Credit line on UPI, Rupay credit card on UPI, Loan against securities (Mutual Fund), and Open Network Digital Commerce (ONDC) solutions for MSMEs and retail. These products streamline payment processes, improve transaction security, and facilitate better management of financial operations, showcasing the bank's commitment to advancing India’s fintech landscape in collaboration with fintech partners.


      The new offerings will seamlessly integrate with existing banking infrastructure, minimizing disruption for customers.


      Special attention has been given to ensure that these digital solutions are accessible to all customers, including those in rural areas.

     

 

     

About City Union Bank,
CEO: Dr. N. Kamakodi
Headquarters: Kumbakonam
__________________________________________

 


🌐 CURRENT AFFAIRS SECTION

Please wait...

Open in app