Current Affairs 10th & 11th October 2021| Current Affairs News

This post is also available in: हिन्दी (Hindi)

Dear Readers, Daily Current Affairs News Updates about the National and International events were listed here. Read Current Affairs Today here and stay updated with current news. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this and try the Current Affairs Quiz to test your knowledge level.

Daily Current Affairs PDF of  10th & 11th October 2021

Get More: Static GK Pdfs

CURRENT AFFAIRS: IMPORTANT DAYS

World Mental Health Day-Oct 10

  • World Mental Health Day is observed on 10 October every year. This day tries to create awareness about mental health issues.
  • The theme for the World Mental Health Day 2021 is “mental health in an unequal world”
  • While the pandemic has affected everyone, people with long term health conditions, or facing discrimination or parenting on their own are struggling the most and need more support
  • World Mental Health Day is an international day for global mental health education, awareness and advocacy against social stigma.
  • It was first celebrated in 1992 at the initiative of the World Federation for Mental Health, a global mental health organization with members and contacts in more than 150 countries.

The International Day of the Girl Child- Oct 11

  • The International Day of the Girl Child is observed annually on October 11, a date set by the United Nations to urge the global community to embolden gender equality impacts.
  • The theme this year is “Digital generation. Our generation.” International Day Of The Girl Child could be described as the brainchild of the World Conference on Women
  • International Day of the Girl Child is an international observance day declared by the United Nations; it is also called the Day of Girls and the International Day of the Girl. October 11, 2012, was the first Day of the Girl Child.
  • The 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs) adopted by world leaders in 2015, embody a roadmap for progress that is sustainable and leaves no one behind.
  • In 1995 at the World Conference on Women in Beijing countries unanimously adopted the Beijing Declaration and Platform for Action – the most progressive blueprint ever for advancing the rights of not only women but girls. The Beijing Declaration is the first to specifically call out girls’ rights.

CURRENT AFFAIRS: NATIONAL NEWS

Textile Ministry signs MoU with Germany to boost Sustainable Cotton Production

  • The World Cotton Day, India’s Ministry of Textiles (MoT) supported by Ministry of Agriculture and Farmers Welfare (MoAFW) signed a Memorandum of Understanding (MoU) with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to implement projects on ‘Sustainability and Value Added in the Cotton Economy’.
  • The agreement was signed on Implementation Agreement of Indo German Technical Cooperation Project.
  • The objective of the project is `to increase the value addition from sustainable cotton production in India by focusing on sustainable cotton, and strengthening of downstream processing’.
  • The partnership targets to increase cotton production on 90,000 hectares of land in 4 States (Maharashtra, Gujarat, Madhya Pradesh, Tamil Nadu) to increase the yield of Cotton by 10%, thereby supporting 1.5 lakh farmers.
  • The Textile Ministry will constitute a Steering committee to review its projects through Nodal officers in the 4 states.

Addl.Info:

  • India is the World’s largest Cotton producer & the 2nd largest Consumer of cotton (5.15 million Metric Tons)
  • ‘Shelf to Field’ approach: Under this collaboration, projects will be implemented with strategies to link cotton consumers with cotton growers, thereby increasing transparency in the system. Sustainability Standards will be implemented to reduce water footprint in cotton production, to reduce water stress in climate change prone areas.

About Germany:

  • President – Frank-Walter Steinmeier
  • In 2005, Angela Merkel became Germany’s 1st Woman Chancellor.
  • Capital – Berlin
  • Currency – Euro

Government Releases First Comprehensive Guidelines for the Cyber Security in Power Sector

  • The government of India has released 1st guidelines for cybersecurity in the power sector.
  • These guidelines were released under the direction of Union Power and New & Renewable Energy Minister Raj Kumar Singh and the Central Electricity Authority (CEA).
  • Objective is to create a cyber secure ecosystem and strengthen the regulatory framework.
  • This is the first time the comprehensive guidelines for cybersecurity in the power sector were framed by the CEA.
  • Under the provision of Section 3(10) on Cyber Security in the “Central Electricity Authority (Technical Standards for Connectivity to the Grid) (Amendment) Regulations, 2019’’, the CEA has framed the guidelines.
  • It is mandatory to all stakeholders to focus on providing cyber hygiene, training of all IT (Information Technology) personnel on Cyber Security, constructing Cyber Testing Laboratories in the country.
  • It will provide better facilities and solutions for tackling challenges related to cybersecurity in the power sector.

India Joins High Ambition Coalition for Nature and People

  • India officially joined the High Ambition Coalition (HAC) for Nature and People during a ceremony between the French and Indian governments held at New Delhi, India.
  • In this regard, Rameshwar Prasad Gupta, Secretary, Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India handed over the signed HAC agreement to Emmanuel Lenain, Ambassador of France to India.
  • This joining comes ahead of high-level biodiversity meeting to be virtually hosted by China on October 11-15, 2021.

PM Modi has launched first ever National Infrastructure Masterplan ‘PM Gati Shakti’

  • Prime Minister Narendra Modi has launched the first ever National Infrastructure Masterplan, Pradhan Mantri Gati Shakti. The Gati Shakti scheme was announced by Modi on Independence Day this year.
  • This will bring together 16 Ministries, including seven core infrastructure sectors, on one platform to synergise project planning across stakeholder ministries to avoid duplication, expedite clearances and plug gaps at the right time.
  • The Gati Shakti Master Plan will provide the framework for the National Infrastructure Pipeline program and is aimed at making Indian products more competitive by cutting down the logistics costs and improving the supply chains.
  • The new initiative worth over one hundred lakh crore rupees will also bring employment opportunities to the youth. The plan is to attract investment from all over the world for improving the infrastructure of the country.

External Affairs Minister has visited Kyrgyzstan capital for bilateral meeting

  • External Affairs Minister S Jaishankar has visited Kyrgyzstan as part of his four-day visit to Kyrgyz Republic, Kazakhstan and Armenia.
  • He is delighted to visit Bishkek, Kyrgyzstan at the invitation of Foreign Affairs Minister of Kyrgyzstan Ruslan Kazakbae.
  • Dr Jaishankar has hold a bilateral meeting with the Foreign Minister of Kyrgyzstan apart from calling on the President of Kyrgyz Republic. Some agreements or MoUs are also expected to be signed during the visit.
  • He will attend the 6th Ministerial Meeting of the Conference of Interaction and Confidence Building Measures in Asia, CICA in Nur-Sultan.
  • Kazakhstan is the current Chair and initiator of the CICA Forum. Dr Jaishankar is also expected to hold bilateral talks with Deputy Prime Minister and Foreign Minister of Kazakhstan and call on the Kazakh leadership.

About Kyrgyzstan:

  • Capital: Bishkek
  • Currency: Kyrgyzstani som
  • President: Sadyr Japarov

Narendra Modi has launched Indian Space Association (ISpA) through video conferencing

  • Prime Minister Narendra Modi has launched Indian Space Association (ISpA) through video conferencing.
  • He will also interact with representatives of the Space Industry on this landmark occasion.
  • AIR correspondent reports, ISpA is the Premier Industry Association of Space and Satellite companies, which aspires to be the collective voice of the Indian Space industry.
  • ISpA is represented by leading home grown and global corporations with advanced capabilities in space and satellite technologies. Its founding members include Larson & Toubro, Nelco (Tata Group), OneWeb, Bharti Airtel, Mapmyindia, Walchandnagar Industries and Ananth Technology Limited.
  • Other core members include Godrej, Hughes India, Azista-BST Aerospace Private Limited, BEL, Centum Electronics, Maxar India.
  • Echoing the Prime Minister’s vision of Aatmanirbhar Bharat, ISpA will help in making India self-reliant, technologically advanced and a leading player in the space arena.

India and Denmark has signed Four agreements

  • India and Denmark have inked four agreements and decided to expand cooperation following bilateral talks between Prime Minister Narendra Modi and his Danish counterpart Mette Frederiksen in New Delhi. 
  • The agreements were signed in the field of Skill Development and Entrepreneurship, Traditional Knowledge Digital Library, on establishing a Centre of Excellence towards natural refrigerants for tropical climates with potential applications and on mapping of ground water resources and aquifers.
  • The two countries also decided to expand ties in the fields of health and agriculture.
  • India and Denmark have continued their cooperation even during the pandemic.
  • India and Denmark are two democratic nations and both believe in an international system based on rules.

About Denmark:

  • Capital: Copenhagen
  • Currency: Danish krone

3rd India – UK Energy For Growth Partnership – Ministerial Energy Dialogue

  • India and the United Kingdom have agreed upon a ‘Forward Action Plan’ on power, clean transportation, renewables, green finance, and research as part of the 2030 roadmap.
  • It was co-chaired by Union Minister for Power and New & Renewable Energy, Shri R.K. Singh from the Indian side and the Rt Hon KwasiKwarteng MP, Secretary of State for Business, Energy & Industrial Strategy (BEIS) from the UK side.
  • The Forward Action Plan was discussed at the 3rd India-UK Energy for Growth Partnership – Ministerial Energy Dialogue comes in the run-up to the United Nations Climate Change Conference (COP-26), that will start from 31 October in Glasgow.
  • The action plan covers a range of topics including smart grids, energy storage, green hydrogen, charging infrastructure, battery storage and the need of mobilizing investments in renewable energy along with other proposals under multilateral collaboration.
  • Energy Transition was a major area of discussion in the dialogue & detail on the ongoing Energy Transition activities in their respective countries with focus on renewables, including solar, offshore wind, storage, EVs, alternative fuels.

Note :

  • Green hydrogen is produced by splitting water into hydrogen and oxygen using an electrolyser powered by electricity from renewable energy sources such as wind and solar can be a game changer for India, which imports 85% of its oil and 53% of gas demand.

About United Kingdom :

  • Capital: London
  • Currency: Pound sterling
  • Prime minister: Boris Johnson
  • Queen: Queen Elizabeth II

CURRENT AFFAIRS: INTERNATIONAL NEWS

Working Conditions of teachers in Northeast, aspirational districts poor: UNESCO SOER report 2021

  • This report is the 3rd edition of the SOER, an annual flagship report of UNESCO.
  • It analysed data from the Unified District Information System for Education (UDISE) 2018-19 and the periodic labour force survey 2018-19.
  • In accordance with the UNESCO (United Nations Educational, Scientific and Cultural Organization) report titled ‘The report – 2021 State of the Education Report (SOER) for India: No Teachers, No Class’, Indian teachers are facing basic amenities like toilets in northeast and aspirational districts. There are disparities for the same between urban and rural schools.

About UNESCO (United Nations Educational, Scientific and Cultural Organization):

  • Establishment– 1945
  • Director-General– Audrey Azoulay
  • 2021 is the International Year of Creative Economy for Sustainable Development
  • Headquarters– Paris, France

CURRENT AFFAIRS: STATE NEWS

Justice Satish Chandra Sharma sworn in as Chief Justice of Telangana HC

  • Justice Satish Chandra Sharma has been sworn in as the Chief Justice of Telangana high Court. Telangana Governor Dr Tamilesai Sounderarajan has administered the oath of office at a ceremonial programme held at Darbar Hall of the Raj Bhavan in Hyderabad.
  • Justice Satish Chandra Sharma, who is currently serving as acting chief justice of Karnataka High Court, did his Bachelor of Laws from Dr Harisingh Gour University, Sagar, in 1983.
  • Appointed as the Senior Advocate by the Madhya Pradesh High Court in 2003, and got elevated as a Judge of the high court in 2009. He was transferred to Karnataka High Court in January this year and later assumed charge as the Acting Chief Justice in August.
  • He is also on the Advisory Board of National Law Institute University, Bhopal, and has published numerous research and papers.

CURRENT AFFAIRS: BUSINESS NEWS

Coal Ministry has launched auction of 40 new coal mines

  • The Ministry of Coal has launched next round of auction process for 40 new coal mines for sale of coal. 
  • Union Minister of Coal and Mines Pralhad Joshi will be the chief guest of the launch event.
  • Since the Ministry has entered into a rolling auction mechanism, the coal mines rolled over from the previous tranche will also be on offer.
  • Ministry of Coal under the leadership of Prime Minister Narendra Modi is on a continuous journey to reform the coal sector and unlock value for the nation’s economy.
  • The success of these auctions will help in further strengthening the vision of an Aatmanirbhar Bharat as it will help reduce India’s coal imports and ensure energy security.

CURRENT AFFAIRS: BANKING AND ECONOMY

Bank credit to grow at 7.5- 8.0 percent for FY’22: CARE Ratings

  • The outlook for bank credit growth is expected to be in the range of 7.5 per cent to 8.0 per cent for FY22 on the back of a low base effect, economic expansion, extended Emergency Credit (ECLGS) support, and retail credit push
  • The medium-term prospects look promising with diminished corporate stress and increased provisioning levels across banks. Retail loan segment is expected to do well as compared with industry and service segments.
  • To attract borrowers several banks have slashed the home loan interest rates as a special offer in the festive season.
  • State Bank of India, Bank of Baroda and Kotak Mahindra Bank have reduced their home loan rates by 45 bps, 25 bps, and 15 bps, respectively
  • Similarly, foreign banks have also started to pitch for home loans at lower interest rates. HSBC India reduced home loan interest rates by 10 bps to 6.45 per cent.

Bank of Maharashtra has launched the digital lending platform for retail loans

  • Bank of Maharashtra (BoM) has launched a Digital Lending Platform which will enable its current and prospective customers to avail home and car loans through a paperless process at the convenience of their place and time of choice.
  • The platform provides ‘in-principle approval’ for home loans and car loans instantly on filling in the required information digitally without human intervention,
  • Customers can avail the digital lending facility by visiting the bank’s website. The bank underscored that the platform is capable of validating KYC, CIBIL and financial information of the loan applicant and provide ‘in-principle approval’ in a hassle-free manner.
  • The Bank has taken several measures to strengthen its digitisation process internally, thereby facilitating delivery of hassle-free services.

About Bank of Maharashtra:

  • Headquarters: Pune
  • Tagline: Ek Parivaar, Ek Bank (One Family One Bank)
  • CEO: A. S. Rajeev
  • Founded: 16 September 1935

Fitch Ratings Revised India’s FY22 GDP growth Estimate to 8.7% from 10%; FICCI Raised India’s GDP Growth in FY22 to 9.1% from 9%

  • Fitch Ratings, an American credit rating agency, in its latest ‘APAC (Asia-Pacific) Sovereign Credit Overview 4Q21’ has reduced India’s GDP (Gross Domestic Product) growth forecast for FY22 to 8.7 percent from 10 percent. 
  • It has increased the growth forecast for FY23 to 10 percent from an earlier estimation of 8.5 percent. 
  • It expects the APAC growth to recover to 6.3 percent in 2021 and 5.3 percent in 2022 from 0.8 percent contraction in 2020.
  • It has also retained the India’s BBB-/Negative sovereign rating due to a sharp drop in public finances due to the COVID-19 pandemic.

PNB Launched ‘6S Campaign’ Under Customer Outreach Programme

  • Punjab National Bank (PNB) launched the “6S Campaign” under customer outreach programme to offer financial services at a concessional rate during festival season.
  • The campaign encapsulates various schemes such as Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat.
  • Objective is to create awareness about the development of financial services in India.
  • To accelerate the credit growth to improve the penetration of social security schemes and drive digital banking.

Addl.Info:

Features of “6S Campaign”:

  • Under the Swabhimaan, the bank aims to promote the financial inclusion agenda through deepening the penetration of 3 social security schemes pertaining to the insurance and pension sector.
  • The 3 schemes are Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Yojana, and Atal Pension Yojana.
  • Through the Samruddhi scheme, PNB aims to drive credit outreach for the agricultural sector.
  • This will cover all the agricultural credit products like KCC, gold loans and investment credit.
  • Under Shikhar, Sankalp and Swagat schemes, the bank has planned special rates of interest to drive credit offtake in the retail and MSME Sector.
  • The bank has also identified focused products and customer segments for targeted outreach in line with the strategic agenda of PNB.
  • To ensure access to affordable credit for MSMEs in India, PNB has also deepened the concessions for various selected products in line with the “One District- One Product policy”.

About Punjab National Bank (PNB):

  • Founded on– 19th May 1894
  • MD & CEO– S. S. Mallikarjuna Rao
  • Headquarters– New Delhi, Delhi
  • Tagline– the name you can bank upon
  • Nationalized on– 19th July, 1969

SBI Extends Partnership with TCS for another 5 years

  • State Bank of India (SBI) extended its partnership with Tata Consultancy Services (TCS) for another five years. 
  • Under this partnership, SBI uses TCS BaNCS for which TCS maintain and enhance SBI’s application for core banking, trade finance, financial reporting, and financial inclusion. 
  • TCS BaNCS was launched in 2001.

Other SBI-TCS collaborations:

  • TCS is helping build Bharat Craft– an omnichannel, online B2B (Business to Business) e-commerce platform which would serve as a marketplace for MSMEs (Micro, Small & Medium Enterprises), jointly driven by SBI and the Government of India.
  • Prior to that, TCS collaborated with SBI to plan and execute the merger of SBI’s five associate banks and Bharatiya Mahila Bank.

About Tata Consultancy Services (TCS):

  • Chief Executive Officer and Managing Director (CMD)– Rajesh Gopinathan
  • Headquarter– Mumbai, Maharashtra

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Guinea’s new interim govt appointed Mohamed Béavogui as new PM

  • The Interim Government of Guinea led by Colonel Mamady Doumbouya has appointed Mohamed Béavogui(68 years old), a former civil servant and expert in agricultural finance as the New Prime Minister(PM) of Guinea.
  • Mohamed Béavogui will serve as the PM during the transition period of Guinea. He replaces Ibrahima Kassory Fofana, who served as the PM of Guinea from 2018 to September 2021.

About Mohamed Béavogui:

  • Mohamed Béavogui has served as the first African General Manager of the African Risk Capacity (ARC).
  • He has also served as the Director of Partnerships and Resource Mobilization and Senior Advisor to the President of the United Nations International Fund for Agricultural Development (IFAD).
  • He worked as the Senior Project Management Officer at the United Nations Office for Project Services (UNOPS), New York.
  • He has also served as the Chief Technical Adviser at the Food and Agriculture Organization of the United Nations (FAO) in Burundi and in Rome.

About Guinea:

  • Interim President– Mamady Doumbouya
  • Prime Minister– Mohamed Béavogui
  • Capital– Conakry
  • Currency– Guinean Franc

Journalists Maria Ressa & Dmitry Andreyevich Muratov won the Nobel Peace Prize 2021

  • The Norwegian Nobel Committee has decided to award the Nobel Peace Prize 2021 to Maria Ressa, journalist from Philippines and Dmitry Andreyevich Muratov, journalist from Russia for their efforts to protect the freedom of expression, the precondition of democracy and lasting peace.
  • The prize carries a gold medal and a cash prize of 10 million Swedish krona (~Rs 8.5 crore) which will be shared equally between the 2 laureates.
  • Maria Ressa is the 18th woman to win the Nobel Peace Prize.
  • The Nobel Peace Prize 2021 was announced by Berit Reiss-Andersen, Chair of the Norwegian Nobel Committee. 

CURRENT AFFAIRS : SUMMITS & CONFERENCES

Union Minister Piyush Goyal addresses ICRIER’s 13th Annual International G-20 Conference

  • Commerce and Industry Minister Piyush Goyal addressed the Inaugural Session of the ICRIER’s 13th Annual International G-20 Conference.
  • He called for pursuing a more inclusive and equitable agenda at the G20.
  • He called upon the G20 to play a leadership role for People, Planet and Collective Prosperity.
  • The G20 is the international forum that brings together the world’s major economies. Its members account for more than 80% of world GDP, 75% of global trade and 60& of the population of the planet.

About ICRIER :

  • Established  : August 1981
  • ICRIER is an autonomous, policy-oriented, not-for-profit, economic policy think tank.

Focus :

  • To enhance the knowledge content of policy making by undertaking analytical research that is targeted at informing India’s policy makers and also at improving the interface with the global economy.

DRDO conducts All India Official Language, Scientific and Technical Seminar

  • A premier laboratory of Defence Research and Development Organisation (DRDO), Integrated Test Range (ITR) Chandipur, organised All India Official Language, Scientific and Technical Seminar on October 06-07, 2021.
  • It was hosted by ITR with the theme ‘Test and Evaluation of Defence Products: The Necessity and Achievements’.
  • The seminar was formally inaugurated by Member of Parliament and Chairman, Standing Committee on Defence Shri Jual Oram.

Objective :

  • To promote use of Hindi in official activities including scientific and technical works.
  • Role of Missile Technology in Indian Defence Scenario, Role of Science and Technology in Nation Building, Hindi and us, Natural resources, Healing with Yoga and Effect of COVID-19 on mankind were covered during the seminar.
  • In that seminar, stressed on preserving the cultural heritage through promoting use of regional languages.

About DRDO :

  • Chairman : Dr G. Satheesh Reddy
  • Headquarters: New Delhi
  • Founded: 1958
  • Minister of Defence : Rajnath Singh

CURRENT AFFAIRS : DEFENCE NEWS

Indian Navy’s fast attack craft T-81 decommissioned

  • On Oct 07, 2021, Indian Naval Fast Attack Craft (IN FAC) T-81 of Super Dvora MK II class was decommissioned at Naval Dockyard, Mumbai, Maharashtra with Rear Admiral V Srinivas, Flag Officer Commanding Maharashtra Naval Area, as chief guest.
  • It is the 25-metre long vessel, with 60-ton displacement, was built at Goa Shipyard Limited in collaboration with M/s Ramta of Israel,
  • It was commissioned into the Navy on June 5, 1999.
  • The ship, specially designed for shallow waters, could achieve speeds of up to 45 knots.
  • It had the capability of day and night surveillance and reconnaissance, search and rescue, beach insertion, extraction of marine commandos and high-speed interception of intruder craft.

About Indian Navy :

  • Headquarters : New Delhi
  • Founded: 26 January 1950
  • Commander-in-Chief: President Ram Nath Kovind
  • Chief of Defence Staff : General Bipin Rawat
  • Chief of the Naval Staff :  Karambir Singh
  • Vice Chief of the Naval Staff :  Satish Namdeo Ghormade
  • Deputy Chief of the Naval Staff :  Ravneet Singh

Second phase of Malabar exercise 2021 organised in Bay of Bengal

  • The second phase of Exercise Malabar 2021, between the Quadrilateral group comprising India, Australia, Japan and the S will take place in the Bay of Bengal from October 12 to 15, 2021
  • It is the 25th edition of MALABAR.
  • The Indian Navy will participate with INS Ranvijay, INS Satpura, P8I Long Range Maritime Patrol Aircraft and a Submarine.
  • Japan Maritime Self Defence Force (JMSDF), Royal Australian Navy (RAN) and the United States Navy (USN) are the other participants in the exercise.
  • The US Navy will be represented by the Aircraft Carrier USS Carl Vinson along with two destroyers, USS Lake Champlain and USS Stockdale.
  • The JMSDF will be represented by JS Kaga and JS Murasame. Whilst, the Royal Australian Navy will be represented by HMAS Ballarat and HMAS Sirius.
  • The second phase of the exercise would build upon the synergy, coordination and interoperability developed during the first phase.
  • It would focus on advanced surface and anti-submarine warfare exercises, seamanship evolution, and weapon firings.

Note :

  • First Phase of the exercise was conducted in the coast of Guam, in the Philippine Sea, in the Western Pacific from August 26 to 29, 2021.

About Exercise Malabar :

  • Exercise Malabar was first held in 1992 as a bilateral drill between the Indian Navy and the US Navy in the Indian Ocean.
  • In 2015, JMSDF joined Malabar as a permanent member of the exercise.
  • The 2020 edition witnessed the participation of the Royal Australian Navy.

CURRENT AFFAIRS : BOOKS & AUTHORS

Former SBI chairman Rajnish Kumar Authors Book Titled The Custodian of Trust

  • A New Debut Book Titled The Custodian of Trust authored by former chairman of State Bank of India (SBI) Rajnish Kumar will hit the stands on October 18.
  • The Book is published by Penguin Random House India (PRHI) under Penguin’s ‘Viking’ imprint.

About the Book :

  • Book deals with Rajnish Kumar’s journey in 40 years with SBI & it talks about how banks have played a critical role in the fight against poverty.
  • The book is an account of the tremendous progress made by the country as well as the banking and financial system in the last four decades.
  • It recounts his experiences about the aftermath of demonetization; challenges in Yes Bank; the crisis in Jet Airways and NPAs.

About Rajnish Kumar :

  • Rajnish Kumar became chairman of State Bank of India on 7 October 2017 and his three year term ended on 6 October 2020.
  • He has served as Managing Director (National Banking Group) and the Managing Director (Compliance & Risk) of SBI.
  • He also cracked the Certified Associate of Indian Institute of Bankers of Indian Institute of Banking and Finance.
  • Currently, Kumar works as a director on the boards of HSBC Asia Pacific, L&T Infotech Ltd and Lighthouse Communities Foundation.

CURRENT AFFAIRS : SPORTS NEWS

Valtteri Bottas wins Turkish Grand Prix 

  • On Oct 10, 2021, Mercedes-Finland driver Valtteri Bottas won the F1 Turkish Grand Prix 2021 held at Istanbul Park in tuzla, Istanbul.
  • Red Bull’s Max Verstappen finished second & Red Bull team mate Sergio Perez finished third.
  • Meanwhile Lewis Hamilton finished fifth.

About Valtteri Bottas :

  • Valtteri was born on 28 August 1989 in Nastola, Finland.
  • Bottas has won ten races, three in 2017, four in 2019, two in 2020 and one in 2021.
  • In F1 Turkish Grand Prix 2021, this is Valtteri Bottas first title of this season.

CURRENT AFFAIRS : OBITUARIES

Father of Pakistan’s nuclear programme Abdul Qadeer Khan passes away

  • On Oct 10, 2021, Father of Pakistan’s clandestine nuclear programme, Abdul Qadeer Khan passed away.
  • He was 85.

About Abdul Qadeer Khan :

  • Khan was born in 1936 in Bhopal, India.
  • Dr Khan was hailed as a national hero for transforming Pakistan into the world’s first Islamic nuclear power and for his contributions in enhancing the country’s defence capabilities.
  • He was also called a man who built the Muslim world’s first atomic bomb.
  • Additionally, he also founded the Khan Research Laboratories in 1976 & he was also its chief scientist and director for several years.

About Pakistan :

  • Currency: Pakistani rupee
  • Capital: Islamabad
  • President: Arif Alvi
  • Prime minister: Imran Khan

Iran’s first president Abolhassan Banisadr Passes away

  • On Oct 09, 2021,Iran’s first president after the 1979 Islamic revolution, Abolhassan Banisadr Passed away.
  • He was 88.

About Abolhassan Banisadr :

  • Banisadr was born on 22 March 1933 in Hamadān, Iran.
  • He was appointed as acting commander-in-chief by the supreme leader.
  • He served in various roles in Iran’s government after the 1979 revolution, including as president, foreign minister, economics minister, and on Ayatollah Ruhollah Khomeini’s Revolutionary Council.

About Iran :

  • President: Ebrahim Raisi
  • Capital: Tehran
  • Currency: Iranian rial
  • Supreme leader: Ali Khamenei

Daily CA On Oct 9 :

  • World Post Day is an international day that happens each year on October 9, the anniversary of the Universal Postal Union, which started in 1874 in Switzerland.
  • NTPC Limited, formerly known as National Thermal Power Corporation Limited, signed a Memorandum of Understanding (MoU) with the Électricité de France(EDF), a French energy company, for cooperation in the development of International Power Projects in the Middle East, Asia, Europe and Africa. 
  • Cabinet approves Productivity Linked Bonus to railway employees for the financial year 2020-21 Government has approved setting up of 7 Mega Integrated Textile Region and Apparel.
  • The National Health Authority (NHA) revised the Health Benefit Package (HBP 2.2) of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) under which the rate of around 400 procedures increased by 20% to 400%. 
  • On Oct 07, 2021, The International Financial Services Centres Authority (IFSCA) and GIFT City launched the global FinTech Hackathon Series ‘I-Sprint’21’.
  • The World Meteorological Organization (WMO) warns that the number of people affected by water scarcity is expected to rise as climate change increases the global risk of water-related hazards like floods and droughts.
  • India and Croatia have signed an agreement for academic collaboration in traditional medicine systems, especially in the field of Ayurveda.
  • As per the report, the Indian economy is South Asia’s largest economy, and its growth in FY22 is expected to be aided by an increase in public investment and incentives to boost manufacturing.
  • BSE Technologies Private Limited (BSE Tech), the wholly-owned subsidiary of BSE, has received an in-principle approval from the Reserve Bank of India (RBI) for setting up and operating the Trade Receivables Discounting System (TReDS) under the Payments and Settlement Systems Act, 2007.
  • Global payments technology firm, Visa in partnership with Juspay launched India’s 1st Card-on-File tokenization (CoFT) services for e-commerce players such as Grofers, BigBasket, and MakeMyTrip.
  • The National Bank for Agriculture and Rural Development (NABARD) sanctioned assistance of Rs 303 crore under the Rural Infrastructure Development Fund (RIDF) to the Government of Odisha for the construction of 24 bridges in the state.
  • As per the recommendation of the Mutual Fund Advisory Committee (MFAC), the Securities and Exchange Board of India (SEBI) has revised the norms pertaining to minimum percentages of monthly trades to be carried out by mutual funds (MFs) on the Request for Quote (RFQ) platform of stock exchanges.
  • Federal Bank has partnered with CredAvenue for Portfolio management of their Securitization Book and implemented CredPool, an institutional debt platform of CredAvenue.
  • The Reserve Bank of India has announced a proposal to increase the per-transaction limit for the Immediate Payment Service (IMPS) from 2 lakh to 5 lakh for channels other than SMS and IVRS.
  • Thrissur-based Dhanlaxmi Bank has been empanelled as ‘Agency Bank’ by the Reserve Bank of India to undertake general banking businesses of Central and State governments on behalf of the RBI.
  • The Reserve Bank of India has extended the three-year special long-term repo operations (SLTRO) facility for Small Finance Banks by two months till December-end 2021.
  • Colonel Mamady Doumbouya, the Junta leader of Guinea sworn in as the Interim President of Guinea at the ceremony held at Mohamed V Palace in Conakry, capital of Guinea, after leading a coup against President Alpha Condé in September 2021.
  • The chairperson of the Competition Commission of India (CCI), Ashok Kumar Gupta was given additional charge as the chairperson of the National Financial Reporting Authority (NFRA)
  • The Nobel Peace Prize was awarded to journalists Maria Ressa of the Philippines and Dmitry Muratov of Russia for their fight for freedom of expression in their countries.
  • Edtech major Unacademy has entered into a Memorandum of Understanding (MoU) with the Tripura Government to help meritorious girl students from the State prepare for NDA exams.
  • On Oct 07, 2021, The 6th Edition of India – UK Joint Company Level Military Training EXERCISE AJEYA WARRIOR commenced at Chaubatia, Uttarakhand & will culminate on 20 Oct 2021.
  • US-based insurer Metlife Inc acquired the combined 15.27 percent stakes of I.G.E. (India) Private Ltd (IGE) and Elpro International Ltd (Elpro) in the PNB MetLife India Insurance Company Ltd (PNB MetLife) for about ₹1,906 crore cash.
  • On Oct 07, 2021, The Hindustan Aeronautics Limited (HAL) delivered the heaviest semi-cryogenic propellant tank (SC120- LOX) ever fabricated to the Indian Space Research Organization (Isro).
  • On October 08, 2021, Union Minister for Ports, Shipping and Waterways Shri Sarbanand Sonowal launched a port mobile application called MyPortApp in
  • Researchers from the Bombay Natural History Society (BNHS); Centre for Ecological Sciences (CES), Indian Institute of Science; and the National Centre for Biological Sciences (NCBS), Bengaluru, have discovered 12 new species of geckos from the Western Ghats named after Jackie Chan.
  • Indian wrestler Anshu Malik became the first Indian woman wrestler to win a silver medal after losing her 57kg final to 2016 Olympic champion Helen Lousie Maroulis 4-1 in the 2021 World Wrestling Championships.
  • Indian Shooters Aishwary Pratap Singh Tomar and Ayushi Podder clinched silver medals in 50m Rifle 3 Positions Mixed Team after losing 17-31 to Germany’s Max Braun and Anna Janssen in the final at the ISSF Junior World Championship (ISSF) in Lima, Peru.
  • Indian opener Smriti Mandhana became the first Indian woman to score a century in a pink-ball women’s cricket Test against Australia.
  • Fire-Boltt, India’s leading smart wearable brand, has appointed Indian cricketer Virat Kohli as its brand ambassador. 
  • For the first time ever, India swept the eight 2021 International Hockey Federation’s (FIH) annual Hockey Star Awards with drag-flickers Harmanpreet Singh and Gurjit Kaur claiming the Player of the Year honours in men and women.

Daily CA On Oct 10 & 11 :

  • World Mental Health Day is observed on 10 October every year, to create awareness about mental health issues with the theme of mental health in an unequal world”
  • The International Day of the Girl Child is observed annually on October 11, a date set by the United Nations to urge the global community to embolden gender equality impacts with the theme of “Digital generation. Our generation.”
  • The World Cotton Day, India’s Ministry of Textiles (MoT) supported by Ministry of Agriculture and Farmers Welfare (MoAFW) signed a Memorandum of Understanding (MoU) with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to implement projects on ‘Sustainability and Value Added in the Cotton Economy’.
  • The government of India has released 1st guidelines for cybersecurity in the power sector, it were released under the direction of Union Power and New & Renewable Energy Minister Raj Kumar Singh and the Central Electricity Authority (CEA).
  • India officially joined the High Ambition Coalition (HAC) for Nature and People during a ceremony between the French and Indian governments held at New Delhi, India.
  • Prime Minister Narendra Modi has launched the first ever National Infrastructure Masterplan, Pradhan Mantri Gati Shakti.
  • External Affairs Minister S Jaishankar has visited Kyrgyzstan as part of his four-day visit to Kyrgyz Republic, Kazakhstan and Armenia.
  • Prime Minister Narendra Modi has launched Indian Space Association (ISpA) through video conferencing.
  • India and Denmark have inked four agreements and decided to expand cooperation following bilateral talks between Prime Minister Narendra Modi and his Danish counterpart Mette Frederiksen in New Delhi. 
  • India and the United Kingdom have agreed upon a ‘Forward Action Plan’ on power, clean transportation, renewables, green finance, and research as part of the 2030 roadmap.
  • This report is the 3rd edition of the SOER, an annual flagship report of UNESCO & It analysed data from the Unified District Information System for Education (UDISE) 2018-19 and the periodic labour force survey 2018-19.
  • Justice Satish Chandra Sharma has been sworn in as the Chief Justice of Telangana high Court. Telangana.
  • The Ministry of Coal has launched next round of auction process for 40 new coal mines for sale of coal. 
  • The outlook for bank credit growth is expected to be in the range of 7.5 per cent to 8.0 per cent for FY22 on the back of a low base effect, economic expansion, extended Emergency Credit (ECLGS) support, and retail credit push
  • Bank of Maharashtra (BoM) has launched a Digital Lending Platform which will enable its current and prospective customers to avail home and car loans through a paperless process at the convenience of their place and time of choice.
  • Fitch Ratings, an American credit rating agency, in its latest ‘APAC (Asia-Pacific) Sovereign Credit Overview 4Q21’ has reduced India’s GDP (Gross Domestic Product) growth forecast for FY22 to 8.7 percent from 10 percent. 
  • Punjab National Bank (PNB) launched the “6S Campaign” under customer outreach programme to offer financial services at a concessional rate during festival season.
  • State Bank of India (SBI) extended its partnership with Tata Consultancy Services (TCS) for another five years. 
  • The Interim Government of Guinea led by Colonel Mamady Doumbouya has appointed Mohamed Béavogui(68 years old), a former civil servant and expert in agricultural finance as the New Prime Minister(PM) of Guinea.
  • The Norwegian Nobel Committee has decided to award the Nobel Peace Prize 2021 to Maria Ressa, journalist from Philippines and Dmitry Andreyevich Muratov, journalist from Russia for their efforts to protect the freedom of expression, the precondition of democracy and lasting peace.
  • Commerce and Industry Minister Piyush Goyal addressed the Inaugural Session of the ICRIER’s 13th Annual International G-20 Conference.
  • A premier laboratory of Defence Research and Development Organisation (DRDO), Integrated Test Range (ITR) Chandipur, organised All India Official Language, Scientific and Technical Seminar on October 06-07, 2021.
  • On Oct 07, 2021, Indian Naval Fast Attack Craft (IN FAC) T-81 of Super Dvora MK II class was decommissioned at Naval Dockyard, Mumbai, Maharashtra with Rear Admiral V Srinivas, Flag Officer Commanding Maharashtra Naval Area, as chief guest.
  • The second phase of Exercise Malabar 2021, between the Quadrilateral group comprising India, Australia, Japan and the S will take place in the Bay of Bengal from October 12 to 15, 2021
  • A New Debut Book Titled The Custodian of Trust authored by former chairman of State Bank of India (SBI) Rajnish Kumar will hit the stands on October 18.
  • On Oct 10, 2021, Mercedes-Finland driver Valtteri Bottas won the F1 Turkish Grand Prix 2021 held at Istanbul Park in tuzla, Istanbul.
  • On Oct 10, 2021, Father of Pakistan’s clandestine nuclear programme, Abdul Qadeer Khan passed away.
  • On Oct 09, 2021,Iran’s first president after the 1979 Islamic revolution, Abolhassan Banisadr Passed away.

0 0 votes
Rating
guest
0 Comments
Inline Feedbacks
View all comments