Daily Current Affairs October 09 & 10 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: IMPORTANT DAYS

World Post Day 2022: October 9

• World Post Day is celebrated on 9th October of every year.
• World Post Day is observed to raise awareness about the postal sector.
• This day also reminds people about the important role the postal sector plays in everyday life.

Theme

• The World Post Day 2022 theme is “Post for Planet.”

History

• World Post Day was first declared by the Universal Postal Union (UPU) Congress in Tokyo, Japan in the year of 1969.
• World Post Day was observed on 9th October because on this day the Universal Postal Day was started in the year 1874 in Switzerland.
• The Universal Postal Union started the global revolution in communication and it started the ability to write letters to others in the world.
• Since World Postal Day started, countries from all over the world took part in the celebrations which are conducted on this day.

10 October: World Mental Health Day

• Every year on October 10th, the world celebrates World Mental Health Day.
• The day is observed to promote global awareness of mental health concerns and organize efforts in support of mental health.
• World Mental Health Day is coordinated by the World Federation for Mental Health.

History:

• The World Federation for Mental Health, a global mental health organization, initiated the celebration in 1992.
• The Day allows all stakeholders working on mental health issues to discuss their work and what more needs to be done to make mental health care a reality for people all around the world.

10 October: National Post Day

• In India, National Postal Day is observed on 10 October each year as an extension of World Post Day, which is observed on 9 October.
• The purpose of the Day is to remember the role of the Indian Postal Department, which was formed in 1854 by Lord Dalhousie.
• The Indian postal service is an essential component of the country.
• Despite the diversity of culture, tradition, and tough geographical terrain, India’s postal systems have performed well.

CURRENT AFFAIRS: NATIONAL NEWS

C K Mishra committee has submitted a report on sustainable finance suggesting the development of the carbon market

• An expert committee headed by former environment and forest secretary C K Mishra has submitted a report on sustainable finance suggesting the development of a carbon market among other things –the International Financial Services Centres Authority (IFSCA).
• Recommendations were based on various aspects of sustainable finance including products, policies and regulations, capacity building, and outreach initiatives related to green and sustainable finance.
• The committee also proposed setting up a dedicated MSME platform for sustainable lending.

About IFSCA:

• IFSCA was established in April 2020 under the International Financial Services Centres Authority Act, 2019.
• It is headquartered at GIFT City, Gandhinagar.
• IFSCA is a unified authority for the development and regulation of financial products, financial services, and financial institutions in the International Financial Services Centre (IFSC) in India. At present, GIFT IFSC is the only international financial services center in India.
• Before the establishment of IFSCA, the domestic financial regulators, namely, RBI, Sebi, PFRDA, and IRDAI regulated the business in IFSC.
• The main objective of IFSCA is to develop a strong global connection and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region and the global economy as a whole.

DPIIT has notified a credit guarantee scheme for startups for providing collateral-free loans:

• The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a credit guarantee scheme for startups for providing collateral-free loans.
• As per the DPIIT notification, loan/debt facilities sanctioned to an eligible borrower on or after 6 October, would be eligible for coverage under the scheme.
• The CGSS is aimed at providing credit guarantees up to a specified limit against loans extended by Member Institutions (MIs) to finance eligible borrowers viz.
• Startups as defined in the Gazette Notification issued by DPIIT and amended from time to time.
• The credit guarantee cover under the scheme would be transaction-based and umbrella based.
• The exposure to individual cases would be capped at Rs. 10 crores per case or the actual outstanding credit amount, whichever is less.
• The extent of transaction-based cover will be 80% of the amount in default if the original loan sanction amount is up to ₹3 crores, 75% of the amount in default if the original loan sanction amount is above ₹3 crore, and up to ₹5 crores, and 65% of the amount in default if the original loan sanction amount is above ₹5 crore (up to ₹10 crores per borrower).

Election Commission launched the Matadata Junction awareness program:

• During an event held at Akashvani Rang Bhavan, Chief Election Commissioner Shri Rajiv Kumar started a year-long Voter Awareness Program called ‘Matdata Junction.’
• Election Commissioner Shri Anup Chandra Pandey also assisted with the launch function.
• The Matdata Junction is a 52-episode radio series created by the Indian Election Commission in partnership with All India Radio.
• The episodes will last 15 minutes and will air every Friday from 7-9 PM on All India Radio.
• In 23 languages, the All-India Radio Network includes 25 FM stations, 4 FM Gold stations, 42 Vividh Bharati stations, and 159 Primary Channels/local radio stations.

5th Assembly of International Solar Alliance to be held in New Delhi:

• Union Minister for Power, New and Renewable Energy RK Singh released the curtain raiser for the 5th Assembly of the International Solar Alliance and associated side activities, which will take place in New Delhi.
• India now serves as President of the International Solar Alliance (ISA) Assembly, according to the Ministry of New and Renewable Energy.
• Three critical issues will be considered at the ISA’s 5th Assembly of the International Solar Alliance: energy access, energy security, and energy transformation.
• World leaders from ISA Member Countries will also discuss the ISA’s strategic approach in programmatic assistance for LDC and SIDS Member Countries, capacity-building support for all developing Member Countries, and analytical and advocacy assistance for all Member Countries.

CURRENT AFFAIRS: BANKING & FINANCE

IDBI Bank launches many digital solutions on its 59th Foundation Day

• On the occasion of the 59th Foundation Day, IDBI Bank has launched a slew of initiatives catered towards customer centricity and meeting the needs of the ever-evolving financial ecosystem.
• The Bank announced its foray into Open Network Digital Commerce (ONDC) for customers and non-customers engaged in trade.

About ONDC :

• ONDC is an open network that will help Micro Small Medium Enterprise (MSME) and other retail merchants to set up their Digital Stores and reap the benefits of the digital commerce revolution. 
• The IDBI Bank ONDC Sellers App will enable merchants to on-boarding onto the ONDC Platform.

Initiatives Launched by IDBI Bank :

• The Bank launched the DigiKCC platform for the digitization of the Kisan Credit Card (KCC) loan process with built-in capabilities for scrutiny of loan applications to enable end-to-end digital and paperless journey.

About the DigiKCC platform :

• DigiKCC platform introduced in Maharashtra.
• This is the first-of-its-kind initiative for the digitization of KCC loans.
• It will be gradually extended to other states where the digitization of land records is streamlined.
• The Bank also launched WPS (Warehouse receipt Processing System) for an end-to-end integrated digital solution for loans against Warehouse Receipts.
• The Bank enhanced its mobile banking app, GO Mobile+ to feature special amenities for Senior Citizens under the “Naman” page, including facilities like door-step banking.
• IDBI Bank also introduced a Repo Linked Fixed Deposit scheme. 
• The Bank announced a Special scheme of “Amrit Mahotsav Rinn Bhugtan Yojana” to boost its recovery efforts through Time Settlement of NPAs up to 10 Crores, at attractive terms.

About IDBI Bank :

• Founded: 1 July 1964
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Rakesh Sharma
• Tagline: Banking for All, Aao sochein Bada

RBI governor Shaktikanta Das launches advanced supervisory monitory system – DAKSH

• The Reserve Bank of India (RBI) governor Shri Shaktikanta Das launched a new ‘SupTech’ initiative called
• This application will be the bank’s advanced supervisory monitoring system, which is expected to make the supervisory processes more robust.

About DAKSH :

• DAKSH means ‘efficient’ and ‘competent’, reflecting the underlying capabilities of the application
• It is a web-based end-to-end workflow application through which RBI shall monitor compliance requirements in a more focused manner.

Objective :

• To improve the compliance culture in Supervised Entities (SEs) like Banks, Non-Banking Financial Companies (NBFC), etc.
• The app will help in strengthening supervision, by utilizing the latest data and analytical tools as well as leveraging technology for implementing more efficient and automated work processes.
• It will also enable seamless communication, inspection planning, and execution, cyber incident reporting, and analysis, & provision of various Management Information System (MIS) reports, etc through a platform that enables anytime-anywhere secure access.

About RBI :

• Established: 1 April 1935
• Headquarters: Mumbai, Maharashtra, India
• Governor : Shaktikanta Das
• Deputy governors: Mahesh Kumar Jain, M. Rajeshwar Rao, Michael Patra, and T. Rabi Shankar

World Bank cuts India’s GDP growth forecast to 6.5% for 2022-23

• The World Bank (WB) trimmed India’s growth forecast for 2022-23 (April-March) by 100 basis points, projecting that the Indian economy will grow at 5% compared to its earlier estimate of 7.5% released in June.
• This is the third time the World Bank revised its GDP growth forecast for India in FY23.
• In June 2022 it had slashed its forecast to 7.5% & earlier in April 2022 it had trimmed the forecast from 8.7% to 8%.

Key Highlights :

• Growth estimates for the South Asia region comprising India, Pakistan, Afghanistan, Bangladesh, Sri Lanka, Nepal, Bhutan, and the Maldives were revised down to 5.8% from the 6.8% forecast in June 2022.
• Real GDP grew 13.5% in the first quarter of FY’23, surpassing the pre-pandemic level by 3.8%
• The Reserve Bank of India (RBI) has recently cut the economic growth projection for the current fiscal to 7% from the 7.2% estimated earlier.
• A top UN agency has also stated that India’s economic growth will decline to 5.7% this year from 8.2% in 2021, citing higher financing costs and weaker public expenditures.
• According to the forecast by the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022, India’s GDP will further decelerate to 4.7% growth in 2023.

About World Bank :

• Established: December 1944
• Headquarters: Washington, D.C., United States
• President : David Malpass
• The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA).

HDFC Bank launches SmartHub Vyapar Merchant app for SMEs

• India’s largest private sector bank HDFC Bank in partnership with a merchant Saas platform, Mintoak Innovations India has developed the SmartHub Vyapar app.

About the SmartHub Vyapar app :

• The app is a comprehensive payment and banking solution designed to fulfill the everyday business needs of merchants.
• On the banking front, merchants can avail of banking services like the opening of fixed deposits, and quick access to pre-approved loans and credit cards. 
• Also, Merchants can get a real-time view of all Smart Hub Vyapar transactions credited into their bank account.

 Key features of SmartHub Vyapar include:

• Instant, Digital & Paperless Onboarding.
• Become HDFC Bank SmartHub Vyapar Merchant instantly with your HDFC Bank Current A/c
• Face to Face and remote payment collection through multiple modes: Cards, QR and UPI
• Instant Settlement to the bank account on UPI transactions and Voice Notification on all transactions
• To reduce merchant anxiety around transactions, it has been provisioned with an inbuilt voice feature informing the merchant of successful transactions
• Apply for Fixed Deposits and Cards
• Easy Access to Business Loans, Overdraft facility, and Loan on Credit Card
• Easy Distributor & Vendor Payments: Up to 45 days of credit period via business credit cards
• Easy reconciliations of all transactions and bank credits
• Biz View: Monitor business growth in one single dashboard
• Offer creation and promotion to customers via social media
• Customer intelligence & recognition features for offering customized deals
• 24X7 customer support
• Pay later feature for customers: Record, Track & Collect Customer Dues

About HDFC Bank :

• Founded: August 1994
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO : Sashidhar Jagdishan

Unity Bank introduces a special FD scheme with a lucrative interest rate

• Unity Small Finance Bank Limited (Unity Bank), a modern, digital-first bank, has introduced Shagun 501, a special fixed deposit scheme with attractive interest rates.
• This festive offer will be available only for deposits booked up to October 31, 2022.

About the special FD scheme :

• Under the Scheme, Retail consumers will receive a reasonable return of 7.90% annually for a 501-day fixed deposit, while senior citizens would receive 8.40% per year.
• Unity Bank has also revised its interest rates on callable and non-callable bulk deposits (deposits higher than Rs 2 crore).
• Callable bulk deposits offer up to 7% interest whereas non-callable bulk deposits offer up to 7.25% interest.

About Unity Small Finance Bank Limited :

• Established: 2018
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Inderjit Camotra

RBI introduces Internal Ombudsman mechanism for Credit Information Companies (CICs)

• The Reserve Bank of India (RBI) introduced the Internal Ombudsman mechanism for Credit Information Companies (CICs). 
• It is directed to all the CICs holding a Certificate of Registration under sub-section (2) of Section 5 of the Credit Information Companies (Regulation) Act, 2005, to appoint an Internal Ombudsman (IO) at the apex of their internal grievance redress mechanism by April 1, 2023.
• The implementation of the mechanism will be monitored by the CIC’s internal audit system
• Under the mechanism, all complaints that are partly or wholly rejected by CICs will be reviewed by the IO before the final decision of the CIC is conveyed to the complainant.
• The above direction was announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated August 05, 2022.

Eligibility of an internal ombudsman :

• Every CIC must appoint the Internal Ombudsman for a fixed term of 3 to 5 years
• Either a retired or a serving officer
• Not below the rank of Deputy GM or equivalent, should have at least 7 years of experience in the banking sector
• Not attained the age of 70 before completion of the proposed term
• No reappointment for extension of term in the same CIC
• The internal ombudsman shall report to the Managing Director or Chief Executive Officer administratively, and the Board functionally.

CURRENT AFFAIRS: MOUS AND AGREEMENT

BIS has signed an MoU with the food and consumer affairs ministry to promote and harmonize the implementation of standards:

• Bureau of Indian Standards (BIS), the National Standards Body of India has signed an MoU with the Testing, Inspection, Certification Council, the food and consumer affairs ministry.
• The two will collaborate to promote and harmonize the implementation of standards and quality, safety and sustainability practices in laboratories.
• Each organization looks forward to a mutually prosperous journey together.
• TIC Council is a global trade association representing the independent third-party testing, inspection, and certification industry.
• The Bureau of Indian Standards is the National Standards Body of India under the Department of Consumer Affairs, Ministry of Consumer Affairs, Food & Public Distribution, Government of India.
• It is established by the Bureau of Indian Standards Act, 2016 which came into effect on 12 October 2017.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Gulf Oil appoints cricketer Smriti Mandhana as Brand Ambassador

• Gulf Oil Lubricants, a Hinduja Group company, has appointed Indian women cricketing star and current Vice Captain Smriti Shriniwas Mandhana as its new brand ambassador
• Smriti Mandhana will join the ranks of current brand ambassadors Mahendra Singh Dhoni and Hardik Pandya.
• Gulf Oil becomes the first company in the lubricant space to appoint a woman cricketer as ambassador to represent the organization.

About Smriti Shriniwas Mandhana :

• Mandhana was born on 18 July 1996 in Mumbai, Maharashtra.
• In October 2013, she became the first Indian woman to achieve a double hundred in a one-day game. 
• Playing for Maharashtra against Gujarat, she scored an unbeaten 224 off 150 balls.
• In June 2018, the Board of Control for Cricket in India (BCCI) named her the Best Women’s International Cricketer.
• In 2018, the International Cricket Council (ICC) awarded her with the Rachael Heyhoe-Flint Award for the best female cricketer of the year.
• In 2021, she became a nominee for the ICC Women’s T20 Player of the Year.

Awards & Honors :

• In 2018, Mandhana received the honorable Arjuna Award.
• In January 2022, the ICC awarded her with the Rachael Heyhoe-Flint Award for the ICC Women’s Cricketer of the Year.

About Gulf Oil Lubricants India Limited :

• Established: 2008
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Mr. Ravi Chawla

Shri Sibi George appointed as the next Ambassador of India to Japan

• Senior diplomat Shri Sibi George was appointed as the next Indian ambassador to Japan.
• The Ministry of External Affairs has informed us that Shri Sibi George will take up the new assignments shortly.
• He will replace Shri Sanjay Kumar Verma as the representative of India to Japan.
• Meanwhile, Shri Sanjay Kumar Verma has been appointed as the next High Commissioner of India to Canada.

About Shri Sibi George :

• Shri Sibi George was born in Pala, Kerala.
• Shri George is an Indian civil servant of the 1993-batch Indian Foreign Service cadre officer.
• He previously served as Ambassador of India to Switzerland as well.
• Currently, he is serving as the ambassador of India to Kuwait.

Awards & Honors :

• In 2014, the Government of India conferred on him theK.Singh Award for his Excellence in Indian Foreign Service.

RBI approves the reappointment of Shri Prashant Kumar as MD and CEO of Yes Bank for 3 yrs

• The Reserve Bank of India (RBI) has approved the reappointment of Shri Prashant Kumar as the Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank under Section 35B of the Banking Regulation Act, 1949 for another 3 years.
• Meanwhile, in September 2022 RBI approved the appointment of its former deputy governor Shri R Gandhi as non-executive part-time chairman of Yes Bank for 3 years.

About Shri Prashant Kumar :

• Shri Kumar holds a degree in Science and a law from Delhi University.
• He joined the State Bank of India (SBI) as Probationary Officer in 1983 and during his 34 years of service with the Bank, he has held various key assignments
• Before joining Yes Bank, he was Deputy Managing Director & Chief Financial Officer (CFO) of SBI.
• Shri Kumar was appointed as MD & CEO of Yes Bank post Reconstruction in March 2020.

About Yes Bank :

• Established: 2004
• Headquarters: Mumbai, Maharashtra, India
• Tagline: Experience Our Expertise

Bank of India Mutual Fund appoints Shri Mohit Bhatia as CEO

• Bank of India Investment Managers Private Ltd, a wholly-owned subsidiary of Bank of India (BoI) has appointed Shri Mohit Bhatia as its Chief Executive Officer (CEO).

About Shri Mohit Bhatia :

• Shri Bhatia started his career as a research analyst – Equities and Investments at PNB Mutual Fund in 1996 and has more than 26 years of professional experience.
• He worked with Canara Robeco Asset Management Company Limited as head of sales and marketing.
• He also worked as vice president with Franklin Templeton Investments and Axis Bank, DSP BlackRock Mutual Fund, and Alliance Capital Mutual Fund India.
• He has over 26 years of professional experience in the mutual funds and financial services industry.

Note :

• BOI MF Headquarters: Mumbai, Maharashtra, India

Indian-origin Surgeon General Dr. Vivek Murthy appointed as US representative on the WHO executive board

• US President Mr. Joe Biden has nominated Indian-origin Surgeon General Dr. Vivek Murthy to serve as America’s representative on the executive board of the World Health Organisation.
• He will serve as the US Representative on WHO Executive Board and will continue his duties as the US Surgeon General.

About Dr. Vivek Murthy :

• Dr. Vivek Murthy was born on July 10, 1977, in Huddersfield, England, the UK to immigrants from Karnataka, India.
• He is a renowned physician, research scientist, entrepreneur, and
• He is an American physician and a vice admiral in the United States Public Health Service Commissioned Corp
• In March 2021, he was confirmed by the US Senate to serve as the 21st Surgeon General of the country.
• He also served as the 19th Surgeon General under President Mr. Barack Obama.
• He is the first surgeon general of Indian descent & during his first term as surgeon general, he was the youngest active duty flag officer in federal uniformed service.
• He also commands a uniformed service of over 6,000 dedicated public health officers, serving the most underserved and vulnerable populations.

Mr. Balasubramanian re-elected as chairman of the mutual fund industry body AMFI

• Mr.Balasubramanian, the managing director (MD) and chief executive officer (CEO) of Aditya Birla Sun Life Mutual Fund, has been re-elected as the chairman of the Association of Mutual Funds in India (AMFI). 
• The decision was taken by the industry body of SEBI-registered mutual funds at its recent board meeting after the 27th annual general meeting (AGM) held in September 2022.
• Mr. Sundeep Sikka, executive director and CEO of Nippon Life India Asset Management Limited, is the new chairman of the AMFI ETF Committee.
• While Radhika Gupta, MD, and CEO of Edelweiss Asset Management Ltd, was elected as the chairperson of the AMFI Committee on Operations, Compliance & Risk.
• Mr. Nilesh Shah, MD, Kotak Mahindra Asset Management Co. Ltd, was re-elected as the chairman of the AMFI Valuation Committee.
• Mr. Navneet Munot, MD and CEO of HDFC Asset Management Company Limited, was re-elected to the AMFI Equity CIO Committee.
• The board also re-elected Vishal Kapoor, chief executive officer of IDFC Asset Management Company Limited, as the chairman of the AMFI Committee of Certified Distributors (ARN Committee). 

About AMFI :

• Founded: 1995
• Headquarters: Mumbai, Maharashtra, India
• AMFI is the association of all the Asset Management Companies (AMCs) of Sebi-registered mutual funds in India, and as of now, 43 AMCs are its members.
• It is a division of the Securities and Exchange Board of India (SEBI), Ministry of Finance, Government of India.

Walkaroo appoints Ajay Devgn as brand ambassador

• Footwear brand Walkaroo International Ltd has appointed Bollywood actor Ajay Devgn as its brand ambassador.
• The company would unveil a series of television commercials featuring the actor.
• Havas Creative Group has taken up the marketing campaign which includes three commercial films of the actor on the brand theme ‘Walk with Walkaroo.’

About Ajay Devgn :

• Vishal Veeru Devgan known professionally as Ajay Devgn is an Indian actor, film director, and producer who works in Hindi cinema.

Awards & Honors :

• He has won numerous accolades, including four National Film Awards and four Filmfare Awards.
• In 2016, he was honored by the Government of India with the Padma Shri, the fourth-highest civilian honor in the country.

CURRENT AFFAIRS: DEFENCE NEWS

Defence Ministry approves renaming of Faizabad Cantt as Ayodhya Cantt

• Defence Minister Shri Rajnath Singh has approved the proposal to change the name of Faizabad Cantt to Ayodhya Cantt.
• Earlier in October 2021, the Uttar Pradesh government following the Centre’s nod announced the renaming of Faizabad railway junction as Ayodhya Cantt & Chief Minister Shri Yogi Adityanath had approved the change of name.
• In November 2018, the UP government changed the name of Faizabad district to
• In October 2018, the Yogi government changed the name of Allahabad to Prayagraj.
• Earlier in June 2018, Mughalsarai railway station, one of the busiest junctions of Indian Railways was renamed after Rashtriya Swayamsevak Sangh (RSS) ideologue Deen Dayal Upadhyay.

CURRENT AFFAIRS: SPORTS NEWS

Graham Reid and Janneke Schopman received the FIH Coach of the Year award:

• The Indian men’s and women’s hockey team coaches, Graham Reid and Janneke Schopman received the FIH Coach of the Year award in their respective categories.
• This is the second consecutive time Reid has won the award, while Schopman won it for the first time.
• Under Australian Reid, the men’s team reached new heights by winning a bronze — its first Olympics medal in 41 years — at the Tokyo Games last year.
• India also won a silver medal at the 2022 Birmingham CWG.
• The Fédération Internationale de Hockey, commonly known by the acronym FIH, is the international governing body of field hockey and indoor field hockey.
• Its headquarters are in Lausanne, Switzerland.

CURRENT AFFAIRS: BOOKS AND AUTHOR

EAM S Jaishankar launches book “Modi@20: Dreams Meet Delivery” in Auckland:

• External Affairs Minister S Jaishankar attended the book launch in New Zealand of “Modi@20: Dreams Meet Delivery.”
• Jaishankar penned one of the chapters in the book Modi@20: Dreams Meet Delivery, which was released on May 11, 2022.
• He also took part in the 2022 Kiwi Indian Hall of Fame Awards.
• Vice President M. Venkaiah Naidu launched the book Modi@20: Dreams Meet Delivery at Vigyan Bhawan in New Delhi.
• It consists of twenty chapters written by twenty-two domain dignitaries, ranging from Home Minister Amit Shah to National Security Advisor Ajit Doval and Sudha Murty, among others.
• The book is titled after him and covers Modi Ji’s accomplishments, the fundamental transformation of Gujarat at the state level, and India’s development.

CURRENT AFFAIRS: OBITUARIES

Veteran actor Arun Bali passes away 

• The veteran actor who predominantly worked in the Hindi film and television industry for over three decades, Arun Bali passed away in Mumbai, Maharashtra at the age of 79.

About Arun Bali :

• Arun Bali was born on 23 December 1942, in Lahore, Punjab
• He was an Indian actor who worked in numerous films and television series.
• He played the part of King Porus in the 1991 period drama Chanakya.
• He gradually became popular for his ‘grandfatherly’ roles such as the one of Harshvardhan Wadhwa in the popular Hindi daily soap Kumkum. 
• He is popularly known for his roles in 3 Idiots, Manmarziyaan, Kedarnath, Panipat, Samrat Prithviraj, Laal Singh Chaddha (2022), etc.
• Arun Bali is also a National Award-winning producer.

Daily CA on October 9 & 10:

• World Post Day is celebrated on 9th October of every year.
• Every year on October 10th, the world celebrates World Mental Health Day.
• National Postal Day is observed on 10 October each year as an extension of World Post Day, which is observed on 9 October.
• An expert committee headed by former environment and forest secretary C K Mishra has submitted a report on sustainable finance suggesting the development of a carbon market among other things –the International Financial Services Centres Authority (IFSCA).
• The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a credit guarantee scheme for startups for providing collateral-free loans.
• During an event held at Akashvani Rang Bhavan, Chief Election Commissioner Shri Rajiv Kumar started a year-long Voter Awareness Program called ‘Matdata Junction.’
• Union Minister for Power, New and Renewable Energy RK Singh released the curtain raiser for the 5th Assembly of the International Solar Alliance and associated side activities, which will take place in New Delhi.
• Bureau of Indian Standards (BIS), the National Standards Body of India has signed an MoU with the Testing, Inspection, Certification Council, the food and consumer affairs ministry.
• The Indian men’s and women’s hockey team coaches, Graham Reid and Janneke Schopman received the FIH Coach of the Year award in their respective categories.
• External Affairs Minister S Jaishankar attended the book launch in New Zealand of “Modi@20: Dreams Meet Delivery.”
• On the occasion of the 59th Foundation Day, IDBI Bank has launched a slew of initiatives catered towards customer centricity and meeting the needs of the ever-evolving financial ecosystem.
• The Reserve Bank of India (RBI) governor Shri Shaktikanta Das launched a new ‘SupTech’ initiative called
• The World Bank (WB) trimmed India’s growth forecast for 2022-23 (April-March) by 100 basis points, projecting that the Indian economy will grow at 6.5% compared to its earlier estimate of 7.5% released in June.
• India’s largest private sector bank HDFC Bank in partnership with a merchant Saas platform, Mintoak Innovations India has developed the SmartHub Vyapar app.
• Unity Small Finance Bank Limited (Unity Bank), a modern, digital-first bank, has introduced Shagun 501, a special fixed deposit scheme with attractive interest rates.
• The Reserve Bank of India (RBI) introduced the Internal Ombudsman mechanism for Credit Information Companies (CICs). 
• Gulf Oil Lubricants, a Hinduja Group company, has appointed Indian women cricketing star and current Vice Captain Smriti Shriniwas Mandhana as its new brand ambassador
• Senior diplomat Shri Sibi George was appointed as the next Indian ambassador to Japan.
• The Reserve Bank of India (RBI) has approved the reappointment of Shri Prashant Kumar as the Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank under Section 35B of the Banking Regulation Act, 1949 for another 3 years.
• Bank of India Investment Managers Private Ltd, a wholly-owned subsidiary of Bank of India (BoI) has appointed Shri Mohit Bhatia as its Chief Executive Officer (CEO).
• US President Mr. Joe Biden has nominated Indian-origin Surgeon General Dr. Vivek Murthy to serve as America’s representative on the executive board of the World Health Organisation.
• Balasubramanian, the managing director (MD) and chief executive officer (CEO) of Aditya Birla Sun Life Mutual Fund, has been re-elected as the chairman of the Association of Mutual Funds in India (AMFI). 
• Footwear brand Walkaroo International Ltd has appointed Bollywood actor Ajay Devgn as its brand ambassador.
• Defence Minister Shri Rajnath Singh has approved the proposal to change the name of Faizabad Cantt to Ayodhya Cantt.
• The veteran actor who predominantly worked in the Hindi film and television industry for over three decades, Arun Bali passed away in Mumbai, Maharashtra at the age of 79.