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Important Current Affairs 9th October 2021

NATIONAL

Tata Sons wins bid for acquiring national carrier Air India

•Tata Group, the progenitor of the Air India airline, reclaimed it, nearly 60 years after it was nationalised. Tata Sons bid Rs.180 billion for the government’s 100% stake in Air India. The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including Air India’s 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.

•The stake sale process, which begun on January 2020, faced delays due to the Covid-19 pandemic. In April 2021, the government asked potential bidders to put in financial bids.

•JRD Tata founded the airline in October 1932 and it was at that time called Tata Airlines. This marks the return of Air India to Tata fold after 68 years. The government nationalised the airline in 1953. With this, the airline will go back to the Tatas who have a long history with the national carrier.

C-19:Maharashtra Government Launched 'Mission Kavach Kundal' From 8th To 14th Oct

•The state government of Maharashtra has launched a special C-19 vaccination drive named as Mission Kavach Kundal, with the target of inoculating 15 lakh people everyday. The week-long drive has been organised from October 08 to October 14, 2021. The drive is in line with Centre’s target of reaching 100 crore vaccination mark till 15 October 2021.

•Meanwhile, the country reported 22,431 new cases in the last 24 hours. The active caseload is presently 2,44,198, which is the lowest in 204 days. 

SPORTS

20-year-old Anshu becomes first Indian woman wrestler to win World Championships silver

•At the 2021 World Wrestling Championships, Indian wrestler Anshu Malik created history as she became the first Indian women finalist at the World Championship, and also the first female player from India to claim a silver medal. The 19-year old Anshu settled for a silver medal after losing to 2016 Olympic champion Helen Lousie Maroulis of the United States in a 57kg freestyle bout.

•Till date, Indian women wrestlers Alka Tomar (2006), Geeta Phogat (2012), Babita Phogat (2012), Pooja Dhanda (2018) and Vinesh Phogat (2019) have been able to win a bronze each. Wrestler Sushil Kumar (2010) is the lone wrestler from India to win World Championship till date. Besides this, Sarita Mor claimed her maiden medal by winning bronze in the 59kg category at the 2021 World Wrestling Championships being held at Oslo, Norway from October 02 to 10, 2021.

•Centre organises 'Buddhist Circuit Train FAM Tour and Conference' to promote religious tourism

Union Minister of State for Tourism, Ajay Bhatt has flagged off the “Buddhist Circuit Train

•FAM Tour” from Safdarjung railway station (part of Delhi Suburban Railways). Ministry of Tourism in association with the Indian Railway Catering & Tourism Corporation (IRCTC) has organized the Buddhist Circuit Train FAM Tour as part of the Union government’s “Dekho Apna Desh” initiative.

•The tour will cover the visit of prominent Buddhist sites and conferences at Bodhgaya and Varanasi. The event is likely to be attended by around 125 delegates including tour operators, hoteliers, media and officials of the Ministry of Tourism and state governments.

APPOINTMENT & RESIGNATION

E.R. Sheikh assumed charge as first Director General of the Ordnance Directorate (Co-ordination and Services).

•E.R. Sheikh has assumed charge as first Director-General of the Ordnance Directorate (Co-ordination and Services). It is the successor organization of the Ordnance Factory Board (OFB).

•He has contributed to the establishment of the modern production line system for the manufacture of small arms ammunition at the Ordnance Factory Varangaon. He led the successful development of the Bi-Modular Charge System for artillery ammunition.

IMPORTANT DAYS

World Post Day 2021: 09th October

•World Post Day is celebrated each year on October 9 globally. The purpose of World Post Day is to create awareness of the role of the postal sector in people’s and businesses’ everyday lives and its contribution to the social and economic development of countries. The theme of 2021 World Post Day is “Innovate to recover.”

•World Post Day is celebrated each year on 9 October, the anniversary of the establishment of the Universal Postal Union in 1874 in the Swiss Capital, Bern. It was declared World Post Day by the UPU Congress held in Tokyo, Japan in 1969. Since then, countries across the world participate annually in the celebrations. Posts in many countries use the event to introduce or promote new postal products and services.

World Migratory Bird Day Observed on 09 October 2021

•Every year, World Migratory Bird Day (WMBD) is officially celebrated twice in a year since it started in 2006. Firstly it is held on the Second Saturday of May and again on the Second Saturday of October. In 2021, the WMBBD falls on May 08, 2021, and October 09, 2021. The theme for 2021 WMBD is “Sing, Fly, Soar – Like a Bird!”

•The day is observed to spread awareness for the need to conserve migratory birds and their habitats. The day is organized by a collaborative partnership among two UN treaties namely the Convention on Migratory Species (CMS) and the African-Eurasian Migratory Waterbird Agreement (AEWA) and the Colorado-based non-profit organization, Environment for the Americas (EFTA).

AWARDS & RECOGNITION

Karnataka Vikas Grameena Bank bags two PFRDA awards

•Karnataka Vikas Grameena Bank (KVGB), sponsored by Canara Bank, has bagged two national awards (‘APY Big Believers’ and ‘Leadership capital’) for significant enrolment under the Atal Pension Yojana (APY) from the Pension Fund Regulatory and Development Authority (PFRDA). KVGB Chairman P. Gopi Krishna received awards from PFRDA Chairman Supratim Bandopadhyay.

•KVGB is playing a pivotal role in implementing all three social security schemes (PMJJBY, PMSBY and APY) launched by the Central government. KVGB has a business turnover of ₹28,410 crores with a clientele base of nearly 90 lakh in nine districts – Dharwad, Gadag, Haveri, Belagavi, Vijayapura, Bagalkot, Uttara Kannada, Udupi and Dakshina Kannada – of Karnataka.

Fédération Internationale de Hockey Stars Awards 2021

•Indian hockey players swept the 2020-21 edition of the FIH Stars Awards, the international hockey federation (FIH) announced. The winners were decided based on an online poll conducted from August 23 to September 15 which saw national associations, represented by their respective national captains and coaches, players, media and hockey fans cast their votes.

•Votes from national associations counted for 50 per cent of the overall result, while fans and players (25 per cent) as well as media (25 per cent), accounted for the other half.

FIH Stars Awards 2020-21 Winners

• Player of the Year: Harmanpreet Singh (men) and Gurjit Kaur (women)

• Goalkeeper of the Year: PR Sreejesh (men) and Savita Punia (women)

• Rising Star of the Year: Vivek Sagar Prasad (men) and Sharmila Devi (women)

• Coach of the Year: Graham Reid (men) and Sjoerd Marijne (women)

RANKING

Mukesh Ambani tops Forbes India rich list with $92 billion net worth

•The Reliance Industries Limited (RIL) Chairman Mukesh Ambani has topped the Forbes India Rich list for 2021, released. The list ranks India’s 100 richest Indians. He has retained his position as the wealthiest Indian for the 14th consecutive year on the Forbes India list, since 2008.

•The tycoon added $4 billion to his net worth in 2021, to bring his total fortune to $92.7 billion. The total fortune of Forbes India 100 Richest Indian in 2021 is recorded at US$775 billion. India’s 100 richest are now worth $775 billion. The second spot has been retained by Adani Group Chairman Gautam Adani, with a net worth of $74.8 billion. Tech tycoon Shiv Nadar acquired the third spot with net worth of $31 billion.

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Important Current Affairs 8th October 2021

NATIONAL

Make In India: Centre approves setting up of 7 mega textile parks with Rs 4,445 crore outlay

•The Centre has approved the setting up of seven new mega textile parks, or PM MITRA parks across the country in an effort to help furthering the growth of the textile sector in the economy and position India strongly on the Global textiles map. The Mega Integrated Textile Region and Apparel Parks (PM MITRA) will be based on the 5F vision of the Hon’ble Prime Minister. The ‘5F’ Formula consists of Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.

•These parks will be set up at Greenfield and Brownfield sites in different States by a Special Purpose Vehicle which will be owned by the State Government and Government of India in a Public-Private Partnership (PPP) Mode. The total outlay for the project has been set at Rs 4,445 crore for five years.

Shri Mansukh Mandaviya releases State of the World’s Children report of UNICEF

•Union Health Minister Mansukh Mandaviya has released UNICEF’s global flagship publication “The State of the World’s Children 2021; On My Mind: promoting, protecting and caring for children’s mental health in New Delhi. The report details the significant impact of C-19 pandemic on children’s mental health.

•This is very vital to address mental health as an important aspect for creating a healthy society. Mansukh noted that teachers are very important stakeholders for addressing mental health issues along with parents and family.

•UNICEF India Representative Dr Yasmin Ali Haque presented some key findings of the report.

•As per the report, around 14 per cent of 15 to 24-year-olds in India, or 1 in 7 of them, reported often feeling depressed or having little interest in doing things.

'India's First' E-fish Market App Launched In Assam

•Assam Minister for Fisheries, Environment and Forest and Excise, Parimal Suklabaidya launched an App Fishwaale, India’s first e-fish market. Table size fish such as bhangon, mrigal and rohu and freshwater and seawater frozen fish (icebox) will be available coupled with dry fish packets, dry fish raw, fish pickles and processed fish products.

•Developed by Aqua Blue Global Aquaculture Solutions Pvt. Ltd. in collaboration with the fisheries department at a function held at Sri Madhabdev Bhawan auditorium, the minister called the app “a one-stop solution for aquaculture” that will help both the buyers and sellers. This platform will help the fish farming community get a reasonable price for their produce and lead to the elimination of middlemen.

SPORTS

Germany unveil logo for Euro 2024 at Berlin's Olympiastadion

•Germany has unveiled the logo for soccer’s 2024 European Championship during a ceremony with a light show in the stadium that will hold the final. The logo features an outline of the Henri Delaunay Cup — the bulbous tournament trophy — set on a coloured oval outline that resembles the Olympiastadion’s roof. It features colours from the flags of UEFA’s 55 member nations, set in 24 slices around the trophy to represent the 24 teams that will ultimately qualify for the tournament in Germany.

•Logos for each of the 10 host cities; Berlin, Cologne, Dortmund, Düsseldorf, Frankfurt, Gelsenkirchen, Hamburg, Leipzig, Munich and Stuttgart were also presented. The tournament is due to be played in June and July 2024 with the match schedule to be confirmed next year.

IMPORTANT DAYS

World Egg Day: 2021

•World Egg Day is celebrated worldwide on the ‘Second Friday of October’ month each year since 1996. This year’s World Egg Day will take place on Friday 8 October and will mark the 25th anniversary of the event. The 2021 celebration will centre around the brilliant versatility of the egg and its multitude of benefits to people at every stage of life. The theme for 2021 World Egg Day is “Eggs for all: Nature’s perfect package”.

•World Egg Day was established at Vienna 1996, when it was decided to celebrate the power of the egg on the second Friday in October each year. The day helps to raise awareness of the benefits of eggs and their importance in human nutrition.

Indian Air Force Day 2021: 08th  October

•Indian Air Force Day is celebrated every year by the Indian Air Force on the 8th of October. This year Indian Air Force celebrated its 89th anniversary. Indian Air Force was officially established on 8 October 1932 by the British Empire as the Royal Indian Air Force. The name was changed to Indian Air Force in 1950.

•The IAF was founded on October 8, 1932, and the force has participated in several crucial wars and landmark missions. It was officially established as an auxiliary air force of the British Empire which honoured India’s aviation service during World War II with the prefix Royal. After India gained independence from the United Kingdom in 1947, the name Royal Indian Air Force was kept and served in the name of Dominion of India. With the government’s transition to a Republic in 1950, the prefix Royal was removed.

World Investor Week: (04-10) October 2021

•The International Organization of Securities Commissions (IOSCO) is preparing to launch its fifth annual World Investor Week (WIW) from 4 to 10 October 2021. The World Investor Week (WIW) is an initiative promoted by the IOSCO to raise awareness about the importance of investor education and protection and highlight the various initiatives of securities regulators in these two critical areas.

•The key messages of the IOSCO WIW campaign in 2021 will be based on two themes: 1) sustainable finance and 2) frauds and scams prevention. The IOSCO WIW campaign continues to gain support among a growing number of jurisdictions, stakeholders and major international organizations.

AWARDS & RECOGNITION

Nobel Literature Prize 2021: Abdulrazak Gurnah named winner

•The Nobel Prize in Literature 2021 was awarded to Abdulrazak Gurnah born in Zanzibar and active in England, “for his uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee in the gulf between cultures and continents.” The Nobel Prize in literature is awarded by the Swedish Academy, Stockholm, Sweden.

•The Tanzanian novelist was born in Zanzibar in 1948 and has since lived in the UK and Nigeria. He writes in English, and his most famous novel is Paradise, which was shortlisted for the Booker prize in 1994. Gurnah currently lives in the UK and taught English Literature at the University of Kent. Until recently, he was Professor of English and Postcolonial Literatures at the University of Kent, Canterbury and has published ten novels and a number of short stories.

BANKING AND ECONOMIC

RBI Monetary Policy: Status Quo on rates

•The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged in the fourth bi-monthly policy meet for the financial year 2021-22 headed by RBI Governor Shaktikanta Das has maintained the status quo.

•The Monetary Policy Committee kept the repo rate unchanged at 4 per cent. The reverse repo rate will continue to be 3.35 per cent. The meeting was held between October (6 to 8). The remaining will take place in December (6 to 8) and February (7 to 9, 2022).

Bharatpe enters ‘Buy Now Pay Later’ segment

•Fintech company BharatPe, announced its entry into the ‘Buy Now Pay Later’ (BNPL) category with the launch of ‘postpe’. The new platform provides credit to customers to buy now, but pay later from anywhere. Customers using the postpe platform can download the app from Play Store and avail interest-free credit limit of up to Rs 10 lakh. The company said that postpe is not only limited to big-ticket purchases but can also be used for micro-purchases, making it the first of its kind.

•BharatPe stated that it aims to facilitate a loan book of $300 million on postpe in the first 12 months for its lending partners. The fintech company added that customers can shop across offline as well as online and repay easily through EMIs.

•All a customer has to do is scan the QR code through the postpe app and pay using credit. Users can also pay through a postpe card that will be accepted across millions of offline as well as e-commerce platforms. Cashbacks and rewards are also on offer.

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Important Current Affairs 7th October 2021

INTERNATIONAL

Moody's upgrades India's ratings outlook after nearly two years to Stable from Negative

•Rating agency Moody’s Investors Service has upgraded India’s sovereign rating outlook to ‘stable’ from ‘negative’, on October 05, 2021, following an improvement in the financial sector and faster-than-expected economic recovery across sectors. Moody’s expects real GDP growth to average around 6 per cent over the medium term, reflecting a rebound in activity to levels at potential as conditions normalise

•While it retained India’s rating at Baa3, reflecting the lowest investment grade rating, Moody’s said it expects real GDP to surpass pre-pandemic levels of 2019-20 this year itself, as the ongoing economic recovery is picking up steam with activity upticks broadening across sectors. It expects 2021-22 to record 9.3% growth in GDP, followed by 7.9% next year.

5 billion people could face difficulty accessing water in 2050: WMO

•More than five billion people globally are expected to face a shortage of water by 2050, a United Nations (UN) agency report has warned.

•The World Meteorological Organization (WMO), said that climate change increases the global risk of water-related hazards like floods and droughts, and the number of people affected by water scarcity is also expected to soar.

•"According to figures cited in the report, 3.6 billion people had inadequate access to water at least one month per year in 2018. By 2050, this is expected to rise to more than five billion.

Ghana to host first-ever African Paralympic Games in 2023

•Ghana will host the first-ever African Paralympic Games in 2023, the President of National Paralympic Committee of Ghana (NPC-Ghana) Samson Deen said on Tuesday.

•According to Deen, about 50 African countries were expected to participate in the continental showpiece.

•He said Ghana had begun preparations for the Games with support from the Ministry of Youth and Sports.

•"The government has been committed to offering the necessary support and logistics that will make hosting of the African Paralympic Games in 2023 possible.

NATIONAL

Y.S. Jagan Mohan Reddy launched ‘Swechha’ programme

•Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has launched the ‘Swechha’ program to tackle the stigma attached to menstruation, prioritize female personal hygiene, and encourage a healthy dialogue of information. ‘Swechha’ (meaning freedom) is intended to ensure affordable access to health and menstrual hygiene in adolescent girls and women.

•The state government will provide good quality branded sanitary napkins to female students at government educational institutions free of cost.

•Ten sanitary napkins will be given every month to about 10 lakh adolescent girls studying from 7th-12th grades in all government schools and intermediate colleges across the state at a financial outlay of INR 32 crores.

•A total of 120 napkins per year is allotted to every female student, even during summer vacations, the students will be supplied with their quota before they leave school.

Telangana Develops India's First Smartphone-Based E-Voting Solution

•Telangana on Wednesday said it has developed the country's first smartphone-based e-voting solution, in the face of the C-19 pandemic that has rushed the world into all-digital operations.

•The solution has been successfully developed and tested while a dry run, in the form of a dummy election, is being conducted in Khammam district, with registration on the application open from October 8-18.

•The initiative has been driven by the Telangana State Election Commission (TSEC) with the implementation support of the Emerging Technologies Wing of the state's IT Department, and the Centre for Development of Advanced Computing (CDAC), it said.

OBITUARY 

Veteran television actor Arvind Trivedi, passed away

•Veteran television actor Arvind Trivedi, who is famously known for his iconic role of demon-king Raavan in Ramanand Sagar’s TV serial Ramayan, has passed away. He was 82.

•He was also part of the political field, as an MP from Sabarkatha constituency in Gujarat, and had served the Parliament from 1991-96. He served as the acting chairman of the Central Board of Film Certification (CBFC) from 2002 to 2003.

IMPORTANT DAYS

World Cotton Day 2021: 07th October

•World Cotton Day (WCD) is observed globally on 7th October. The international day aims to celebrate the advantages of cotton, ranging from its qualities as a natural fibre to the benefits people obtain from its production, transformation, trade and consumption. WCD Day was initiated by the Group of Cotton-4 countries namely Benin, Burkina Faso, Chad and Mali to reflect the importance of cotton as a global commodity.

•The initiative of World Cotton Day was born in 2019, when four cotton producers in sub-Saharan Africa– Benin, Burkina Faso, Chad and Mali, known as the Cotton Four -proposed the World Trade Organization a World Cotton Day celebration on October 7.

BANKING AND ECONOMIC

Kotak Mahindra Bank becomes 1st scheduled private sector bank to collect direct, indirect taxes

•Kotak Mahindra Bank Ltd (KMBL) has received approval from the government for the collection of direct & indirect taxes, such as income tax, Goods and Services Tax (GST) etc, through its banking network. With this, the bank becomes the first scheduled private sector bank to receive approval after the announcement by Finance Minister Nirmala Sitharaman allowing all banks to participate in the government-related business.

•After technical integration, KMBL customers will be able to pay their direct and indirect taxes straight from KMBL’s mobile banking or net banking platforms as well as through KMBL’s branch banking network, resulting in immense ease and convenience for customers.

Reserve Bank of India grants licence to NARCL under Sarfaesi Act

•The Reserve Bank of India (RBI) has granted the National Asset Reconstruction Company (NARCL) the licence to register as an asset reconstruction company (ARC). The Licence is given under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002.

•As per Section 3 of the SARFAESI Act, a company can carry the business of asset reconstruction only after obtaining a certificate of registration from RBI and, having the owned fund of not less than Rs 2 crore or such other amount not exceeding 15% of total financial assets acquired or to be acquired by the securitisation company or reconstruction company. The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in NARCL.

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Important Current Affairs 6th October 2021

NATIONAL

PM Modi visits Lucknow for “Azadi ka Amrit Mahotsav’ Events 

•Prime Minister Narendra Modi inaugurated ‘Azadi@75 – New Urban India: Transforming Urban Landscape’ Conference-cum-Expo in Lucknow at the Indira Gandhi Pratishthan as a part of Azadi@75 celebrations. The theme of the three-day event is “New Urban India”. It will culminate on October 07, 2021. The Conference-cum-Expo is organised by the Ministry of Housing & Urban Affairs (MoHUA).

•The Conference-cum-Expo is a platform to showcase the prospective transformative urban missions and highlight the achievements and the flagship urban development missions undertaken in the past 7 years of the Modi government.

GI-tagged 'Mihidana' batch from West Bengal exported to Bahrain

•The first consignment of Geographical Indication (GI) tagged sweet dish Mihidana, from Bardhaman, West Bengal has been exported to the Kingdom of Bahrain. This initiative is part of the effort to promote indigenous & Geographical Identification (GI) tagged products of India globally. The product was exported by APEDA registered M/S DM Enterprises, Kolkata.

•West Bengal’s Bardhaman got the GI tag for the Mihidana sweetmeats in 2017. A GI tag is a sign denoting a specific geographical origin and possesses qualities or a reputation that are due to that origin.

India joins Seychelles' Tax Inspectors Without Borders program

•The Tax Inspectors Without Borders (TIWB) has launched its programme in Seychelles. India has been chosen as the Partner Administration for this programme. The country will be providing its Tax Expert in support of the initiative. The focus of the 12-month programme will be on Transfer Pricing cases of tourism and financial services sectors.

•TIWB is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), since its launch in 2015.

•The aim of the initiative is to aid countries in strengthening their tax administration by transferring technical know-how and skills to the tax auditors through sharing of best audit practices.

•This is the sixth TIWB programme in which India has supported by providing Tax Expert.

ICMR's drone-based vaccine delivery model launched

•The Union Minister for Health and Family Welfare, Mansukh Mandaviya, launched ‘i-Drone’, a drone-based vaccine delivery model for Northeast states. The i-Drone has been developed by the Indian Council of Medical Research (ICMR). i-Drone stands for ICMR’s Drone Response and Outreach in North East.

•The main objective of this tool is to facilitate vaccine delivery to tough and hard-to-reach terrains of India, and to improve healthcare accessibility to the last mile. Currently, the drone-based delivery project is being implemented in Manipur, Nagaland, and the union territory of Andaman and Nicobar Island. ICMR collaborated with the Indian Institute of Technology, Kanpur for conducting an initial study to test the capacity of drones to carry and transfer vaccines safely.

M Venkaiah Naidu inaugurated Mahabahu Brahmaputra River Heritage Centre

•Vice President M Venkaiah Naidu has inaugurated the Mahabahu Brahmaputra River Heritage Centre in the presence of Governor Jagdish Mukhi and Chief Minister Himanta Biswa Sarma in Guwahati in the state of Assam. The centre was originally served as the residence of the British deputy commissioner of Kamrup. Nearly 150 years after it was constructed, the iconic DC Bungalow of Guwahati was opened to the public as a heritage centre.

•After the British annexed Assam in 1826 (after the Treaty of Yandaboo), the post of DC was created for Guwahati in 1839.

•Several sites were surveyed for DC residence before Barphukanar Tilla on the banks of the Brahmaputra, where cannons used in the Battle of Saraighat lay scattered, was chosen. Post-independence, it continued to be the DC’s bungalow until 2011.

APPOINTMENT & RESIGNATION

Haier''s Eric Braganza appointed as CEAMA president

•The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has appointed Eric Braganza as its president for a two-year term. He succeeds Godrej Appliances Business Head and Executive Vice-President Kamal Nandi for the CEAMA chair. Braganza, an alumnus of Sri Ram College of Commerce, Delhi, has over 35 years and has held senior management positions in the consumer electronics and appliances industry in various companies.

•Established in 1978, CEAMA represents the consumer electronics and home appliances industry and aims to enhance the development of the industry and its components manufacturing.

CoinDCX ropes in Amitabh Bachchan as brand ambassador to raise crypto awareness

•Crypto exchange CoinDCX has roped in Amitabh Bachchan as a brand ambassador to spread awareness about cryptocurrencies. Through this collaboration, CoinDCX wants to increase awareness around crypto and popularise it as an emerging asset class. CoinDCX wants to ensure that crypto is accessible to everyone.

•The crypto industry in India is on an exponential climb, rising gradually over the previous few years, with millions of Indians emerging as early adopters of the crypto asset class.

OBITUARY

Shakti Sinha former bureaucrat, and academician passed away

•Shakti Sinha, former bureaucrat, and academician who was private secretary to late prime minister Atal Bihari Vajpayee, passed away. Sinha, an IAS officer of the 1979 batch, was also former Director of Nehru Memorial Museum and Library (NMML).

•He worked closely with Vajpayee between 1996 and 1999 and had written a memoir titled Vajpayee: The Years That Changed India.

AWARDS & RECOGNITION

Pratham's Rukmini Banerji And Eric Hanushek Get Yidan Prize 2021

•Professor Eric A. Hanushek and Dr Rukmini Banerji have been awarded the 2021 Yidan Prize for Education Development for improving learning outcomes in schools at scale. Yidan Prize is the world’s highest education accolade, in recognition of their ground-breaking work addressing a crucial piece of the education puzzle: improving quality of education and outcomes for learners at scale.

•The Yidan Prize was founded by Charles Chen Yidan in 2016 to create a better world through education. Yidan Prize Laureate receives a gold medal and a sum of $3.9 million.

BANKING AND ECONOMIC

SBI, Indian Navy Launch NAV-eCash Card For Online, Offline Transactions

•State Bank of India (SBI) has announced the launch of SBI’s NAV-eCash card on INS Vikramaditya, the largest naval aircraft carrier of India. The new journey envisioned for the card is set to change the payment ecosystem, while the ship is sailing with no dependency on utilisation of any form of cash to avail any of the services on board.

•The new NAV-eCash card will facilitate both online and offline transactions. The card will obviate the difficulties faced by personnel onboard in handling physical cash during deployment of the ship at high seas. The new journey envisioned in the form of a NAV-eCash Card will change the payment ecosystem while the ship is sailing with no dependency on cash for utilization of any of the services on board. 

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Important Current Affairs 5th October 2021

INTERNATIONAL

Abiy Ahmed takes oath for second term as Ethiopian Prime Minister

• The Prime Minister of Ethiopia, Abiy Ahmed has been sworn in for a second five-year term. He was administered the oath of office by Supreme Court Chief Justice Meaza Ashenafi. Abiy’s Prosperity Party was declared the winner of June’s parliamentary elections, which were criticised by opposition parties but described by external observers as improved from past elections. He is serving as prime minister of Ethiopia since 2018.

• Mr Abiy won the 2019 Nobel Peace Prize for restoring ties with neighbouring Eritrea and for pursuing sweeping political reforms. He is dealing with a war that is spreading from the Tigray region and ethnic violence.

NATIONAL

Expo 2020 Dubai: India Pavilion one of the biggest at the event

• The World Expo 2020 has been organised at Dubai in the United Arab Emirates from 1 October 2021 to 31 March 2022. The main theme of the Dubai Expo 2020 is “Connecting Minds, Creating the Future”. The Expo was originally scheduled to take place from 20 October 2020 to 10 April 2021 but was postponed due to the C-19 pandemic.

• Expo 2020 is the first to be held in the MENA & SA (the Middle East and North Africa & South Asia) region. World Expos provide a platform to showcase the greatest innovations that have shaped the world we live in today. The grand event will have 191 country pavilions.

David Julius, Ardem Patapoutian win 2021 Nobel Prize in Medicine for discoveries of receptors for temperature and touch

• The Nobel Prize in Physiology or Medicine 2021 was awarded jointly to David Julius and Ardem Patapoutian “for their discoveries of receptors for temperature and touch.” These breakthrough discoveries launched intense research activities leading to a rapid increase in our understanding of how our nervous system senses heat, cold, and mechanical stimuli.

• The laureates identified critical missing links in our understanding of the complex interplay between our senses and the environment. The announcement was made by a panel at the Karolinska Institute in Stockholm.

• David Julius of the University of California utilised capsaicin, a pungent compound from chili peppers that induces a burning sensation, to identify a sensor in the nerve endings of the skin that responds to heat.

• Ardem Patapoutian, who is with Howard Hughes Medical Institute at Scripps Research, used pressure-sensitive cells to discover a novel class of sensors that respond to mechanical stimuli in the skin and internal organs.

Union minister Kiren Rijiju inaugurated India’s first Sports Arbitration Centre in Ahmedabad

• The Union Minister of Law and Justice, Kiren Rijiju has inaugurated the first Sports Arbitration Centre of India at Ahmedabad in Gujarat. This Sports Arbitration Centre of India (SACI) will serve as an independent body to fast track disputes in the sports sector and serve as a mechanism to redress issues related to sports.

• The SACI will be promoted by Ahmedabad-based SE TransStadia Pvt Ltd. and all legal backing will be provided by the Ministry of Law and Justice. The SACI will have a far-reaching impact for the sports sector of the country by creating a reputation and establishing credibility for itself through the provision to settle disputes and other issues and concerns of the sports sector in a fast, transparent and very accountable manner.

SPORTS

Asian Table Tennis Championship 2021: Indian men’s team wins bronze medal

• The Indian men’s table tennis team claimed the bronze medal in the Asian Table Tennis Championships in Doha, Qatar, after losing to South Korea 0-3 in the semi-finals. The Indian team was assured of a medal after beating Iran 3-1 in the quarterfinals. Both the semifinalists secure a bronze.

• This is the second medal for India at the Asian Championships since 1976. The bronze medal-winning Indian team comprised of Sathiyan Gnanasekaran, Sharath Kamal, Harmeet Desai, Sanil Shetty, and Manav Thakkar.

Durand Cup: FC Goa lift maiden title with 1-0 win against Mohammedan

• FC Goa beat Mohammedan Sporting to win their maiden Durand Cup football title, 1-0, in the final, held at Vivekananda Yuba Bharati Krirangan, Kolkata. FC Goa Captain Eduardo Bedia scored the all-important goal in the 105th minute after the final match went into the extra time.

• The 2021 Durand Cup was the 130th edition of the Durand Cup, the oldest football tournament in Asia. The tournament was held from September 05 to October 03, 2021, in West Bengal.

APPOINTMENT & RESIGNATION

B. C. Patnaik takes charge as Managing Director of LIC

• BC Patnaik has taken charge as Managing Director of Life Insurance Corporation of India. He was appointed as Managing Director by the Government of India notification dated July 5, 2021.

• Prior to taking charge as Managing Director of LIC, Patnaik was Secretary-General, Council for Insurance Ombudsmen, (CIO) Mumbai. He joined LIC of India in March 1986 as a Direct Recruit Officer.

IMPORTANT DAYS

Ganga River Dolphin Day 2021: 5th   October

• In India, the ‘Ganga River Dolphin Day’ is observed every year on October 5, to raise awareness and encourage conservation of Ganga River Dolphins. It was on this day in 2010, that Ganga Dolphins were declared national aquatic animals. Then, in 2012, the World Wide Fund for Nature (WWF) and the Uttar Pradesh government jointly began the dolphin conservation campaign in the country.

• The Gangetic Dolphins are included under the First Schedule of Indian Wildlife (Protection) Act, 1972. They have been declared “Endangered” under IUCN (International Union for Conservation of Nature). They are listed under Appendix I as most endangered under the Convention on International Trade in Endangered Species (CITES). They are listed under Appendix II of Conservation on Migratory Species. The Vikramshila Ganges Dolphin Sanctuary was established in Bihar under the Wildlife (Protection) Act, 1972.

World Teachers’ Day 2021: 5th   October

• World Teachers’ Day, also known as International Teachers Day, is held annually on October 5 since 1994. The Day aims to focus on appreciating, assessing and improving the educators of the world and to provide an opportunity to consider issues related to teachers and teaching. The Theme for 2021 International Teachers Day is “Teachers at the heart of education recovery”.

• The day was established in 1994, to commemorate the signing of the 1966 UNESCO/ILO Recommendation concerning the Status of Teachers, which is a standard-setting instrument that addresses the status and situations of teachers around the world.

BANKING AND ECONOMIC

GST collection in September crosses Rs. 1.17 lakh crore

• The gross GST revenue collected in the month of September was 1,17,010 crore rupees, which included a CGST component of 20,578 crores, SGST is 26,767 crore and IGST component of 60,911 crore rupees.

• The revenue for September was 23% higher than the GST revenues in the same month last year. During the month, revenue from import of goods was 30% higher.

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Important Current Affairs 4th October 2021

NATIONAL

World's largest khadi national flag, weighing 1,000 kg, unveiled in Leh

• The world’s largest national flag, made up of Khadi cloth, has been installed in Leh, Ladakh, on the occasion of the 152nd birth anniversary of Mahatma Gandhi on October 02, 2021. The Khadi national flag was inaugurated by Ladakh Lieutenant Governor RK Mathur. The flag is made by Khadi Dyers and Printers based in Mumbai which is affiliated to the Khadi Village and Industries Commission.

• The Sura-Soi Engineer Regiment was entrusted with the responsibility of bringing the national flag from Mumbai to Leh and also with the task of installing it at the top of the high mountains for the unveiling ceremony.

Umngot river of Meghalaya is India's cleanest river

• The Umngot river in Meghalaya is the cleanest in the country, the Ministry of Jal Shakti said in a tweet. Popularly known as Dawki river, river Umngot is 100 kilometre from Shillong in Meghalaya.

• "It seems as if the boat is in the air; water is so clean and transparent. Wish all our rivers were as clean. Hats off to the people of Meghalaya," The Ministry of Jal Shakti wrote on Twitter. 

Karnataka CM set to inaugurate new district of Vijayanagar

• Karnataka Chief Minister Basavaraj Bommai will inaugurate Vijayanagar as the new state district at an event on Saturday. Vijayanagar will become the 31st district of Karnataka.

• According to sources, Bommai is expected to announce a package of Rs 464 crore for various development works in Vijayanagar district. The new district comprises six 'taluks', including the World Heritage site Hampi. The district was carved out of Bellary district.

Mitra Shakti 21: Indian Contingent Leaves For Sri Lanka

• The 8th edition of the India – Sri Lanka bilateral joint Exercise “Mitra Shakti-21” is scheduled to take place at Combat Training School, Ampara in Sri Lanka from October 4 to 15, 2021. The aim of the exercise is to enhance interoperability and sharing best practices in counter-insurgency and counter-terrorism operations between Armies of both countries and further strengthen the relationship between both the South Asian Nations.

• The exercise will involve tactical level operations at the sub-unit level in an international Counter Insurgency and Counter Terrorism environment and will go a long way in further strengthening the relationship between both the South Asian Nations and will act as a catalyst in bringing synergy and cooperation at the grass-root level between both Armies.

SPORTS

Indian star hockey player Birendra Lakra and SV Sunil announced retirement from International Hockey

• S V Sunil, the veteran forward and star striker of India men’s field hockey team and Olympic bronze medal-winning Indian hockey star defender Birendra Lakra have announced their retirement from international hockey.

• The 31-year-old Lakra was part of the bronze medal-winning Indian side in the Tokyo Olympics 2020 as vice-captain. He has represented India in 197 games with 10 goals. The 32-year-old Sunil has scored 72 goals in 264 appearances for the national team.

Italian Sonny colbrelli wins epic Paris- Roubaix classic

• Sonny Colbrelli grew to become the primary Italian to win the Paris-Roubaix Monument basic in 22 years.

• The European champion, of Staff Bahrain Victorious, pipped Belgian Florian Vermeersch (Lotto Soudal) and Dutchman Mathieu van der Poel (Alpecin-Fenix), who have been second and third respectively.

APPOINTMENT & RESIGNATION

Kangana Ranaut becomes brand ambassador of UP govt's 'one district-one product' scheme

• The Uttar Pradesh government led by Chief Minister Yogi Adityanath has named veteran Bollywood actor Kangana Ranaut as the brand ambassador of the ambitious “One District One Product (ODOP) scheme” of the state. CM Yogi also presented Kangana with a silver coin which was used for ‘Ram Janm Bhumi Pujan’.

• The UP government has launched the one district-one product (ODOP) programme with the aim to create product-specific traditional industrial hubs across 75 districts of the state.

• The scheme encourages such indigenous and specialized products and crafts of UP that are not found anywhere else.

SUMMIT'S & MOU's

FSSAI inks MoU with meals processing ministry to assist micro enterprises in sector

• There will likely be two areas of collaboration between FSSAI and Ministry of Meals Processing Industries — meals security coaching and registration of micro enterprises.  

• FSSAI has signed an MoU with meals processing ministry to assist micro-level meals entrepreneurs and Farmer Producer Organizations (FPOs).

• The MoU, signed on Friday, additionally goals to assist Self Assist Teams (SHGs) and producers cooperatives to enhance the usual of their meals companies.

• “As a part of Aatmanirbhar Bharat Abhiyaan, this step will help make micro enterprises enhance the standard of their meals merchandise and develop into aggressive,” Meals Security and Requirements Authority of India (FSSAI) mentioned in an announcement.

KRIBHCO, CSC e-Governance Services India tie up to market agri-input products

• CSC e-Governance Services India has collaborated with Krishak Bharati Cooperative (KRIBHCO) to provide access to fertilisers and agricultural inputs to farmers via four lakh village level entrepreneurs.

• Common Services Centres (CSCs) will facilitate the sale and distribution of KRIBHCO products which include fertilisers like imported urea, DAP, NPK/NPS, bio-fertiliser, city compost, zinc sulphate, certified seeds, hybrid seeds and potash derived from molasses.

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Important Current Affairs 3rd October 2021

NATIONAL

Chhattisgarh CM launches cow dung based power generation project

• Chhattisgarh Chief Minister Bhupesh Baghel on Saturday launched an electricity generation project that uses cow dung as fuel at a farmers' event to mark Gandhi Jayanti , officials said.

• Addressing a farmers' rally at Basic School ground in Bemetara district, Baghel said the project will see involvement of villagers, women and youth, and was a step towards realizing Mahatma Gandhi's dream of 'Gram Swaraj' (village self rule).

• "The entire world is worried over global warming. There is talk of green energy everywhere, so our government has decided to make electricity from cow dung. In every village, such a unit will be set up in gauthans (a place in rural areas where cattle are kept), where cow dung is procured under the Godhan Nyay Yojana scheme," he said.

Alibag's famed white onion gets Geographical Indication Tag

• The famed white onion of Alibag in Maharashtra's Raigad district has earned itself a 'Geographical Indication', giving the crop a unique identity and wider markets, agriculture department.

• They pointed out that Alibag's white onion, which has medicinal qualities and is used for the treatment of heart ailments, controlling cholesterol and creation of insulin, has been mentioned in the official gazette as long back as 1883.

• "The agriculture department here and Konkan Agriculture University had jointly submitted the GI application on January 15, 2019. On September 29 this year, the proposal was scrutinised in the Mumbai office of the Registrar of Patents and it was decided to confer GI tag on Alibag's white onion.

Maharashtra: Palghar's Famed Wada Kolam Rice Gets Geographical Indication Tag

• A variety of rice widely grown in Wada in Palghar district in Maharashtra has been given a 'Geographical Indication' tag, which will give it a unique identity as well as wider markets.

•  Wada Kolam rice got the 'Geographical Indication' tag in a meeting held in Mumbai on September 29.

• Wada Kolam, also known as Zini or Jhini rice, is a traditional variety grown in Wada tehsil of Palghar, with the grain being off white in colour.

SPORTS

India win first-ever medal, a silver at World Women's Team Chess Championship

• India clinched a silver medal after going down 0-2 to Russia in the final of the FIDE World Women's Team Chess Championship on Saturday.

• After losing the first match 1.2.-2-5 despite a brilliant win for D Harika on the board , the Indians were outclassed 3-1 in the second as a strong Russian team stormed to a title triumph. It was India's first ever medal in the world team chess championship.

APPOINTMENT & RESIGNATION

CRISIL appointed Amish Mehta as new MD & CEO

• Amish Mehta has been appointed as the new Managing Director and Chief Executive Officer (MD & CEO) of rating agency Crisil with effect from October 01, 2021. He has replaced Ashu Suyash. Crisil is owned by S&P.

• Mehta has more than two decades of leadership experience across industries and joined Crisil in October 2014 as President and Chief Financial Officer. In July 2017, he was elevated as the President and Chief Operating Officer, responsible for the global analytical centre, India research and SME, the global innovation and excellence hub and corporate strategy.

IMPORTANT DAYS

World Day for Farmed Animals 2021: 02nd October

• World Day for Farmed Animals (WDFA) is observed on October 02, which marks the birth anniversary of Mahatma Gandhi. The day is organised by the International animals’ welfare organization, World Animal Protection along with Asia for Animals coalition to show the importance and urgency of farm animal welfare. The day is dedicated to exposing the needless suffering and death of farmed animals who are raised and slaughtered for food.

• World Day for Farmed Animals has been organized each year since 1983 by the Farm Animal Rights Movement (FARM), this year with the participation of Animal Justice, the Animal Law Firm, the Animal Activism Mentorship Program, Jewish Veg, Switch4Good, and Their Turn.

67th National Wildlife Week 2021: 02nd  to 08th October

• National Wildlife Week is annually celebrated across India between 2nd to 8th October with an aim to protect and preserve the flora and fauna of India. The Wildlife Week 2021 is celebrated from 2nd October to 8th October. In 2021, we are celebrating 67th Wildlife Week. This year National Wildlife Week theme 2021: “Forests and Livelihoods: Sustaining People and Planet”.

• The Indian Board of Wildlife was constituted and the idea of Wildlife Week was conceptualised in 1952 to raise awareness about the long term goals of protecting the wildlife of India. Initially, in 1955 the Wildlife day was celebrated which was later upgraded as Wildlife Week in 1957.

AWARDS & RECOGNITION

Indian organisation LIFE shares Alternative Nobel with three others

• The Delhi-based environmental organisation “Legal Initiative for Forest and Environment (LIFE)” has been felicitated with the 2021 Right Livelihood Award, an international honour, also known as Sweden’s alternative Nobel Prize. LIFE has been selected for the award for its “grassroots approach of empowering vulnerable communities to protect their livelihoods and claim their right to a clean environment.”

• The Award was established in 1980 by German-Swedish philanthropist Jakob von Uexkull to “honour and support those who offer a practical and exemplary contribution in such fields as environmental protection, human rights, sustainable development, health, education, which are not included in Nobel Prize list. The Right Livelihood Award comes with a cash prize of 1 million Swedish crowns ($115,000) and long-term support to highlight and expand Laureates’.

USIBC to present Global Leadership Award to Shiv Nadar and Mallika Srinivasan

• The US India Business Council (USIBC) has chosen Shiv Nadar and Mallika Srinivasan as the recipient of its 2021 Global Leadership Award. Shiv Nadar is the founder and chairman emeritus of HCL Technologies Limited. Mallika Srinivasan is the chair and managing director, Tractors and Farm Equipment Limited (TAFE). Both will be honoured at the 2021 India Ideas Summit to be held on October 6-7, 2021.

• The Global Leadership Awards which are given annually since 2007, honour top corporate executives from the United States and India. According to the statement, they have demonstrated exemplary leadership and played a significant role in advancing the strategic and economic partnership between the two countries. Nisha Desai Biswal is the President of USIBC.

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Important Current Affairs 2nd October 2021

NATIONAL

Prime Minister of India chaired 38th PRAGATI Meeting

• Prime Minister Narendra Modi has chaired the 38th PRAGATI meeting to review multiple projects, grievances and programmes of central and state government. PRAGATI stands for Pro-Active Governance and Timely Implementation. In the meeting, eight projects were taken for review having a cumulative cost of around Rs 50,000 crore. 297 projects worth Rs. 14.39 lakh crore has been reviewed so far in the previous 37 PRAGATI meetings.

• PRAGATI is an ambitious multi-purpose and multi-modal platform, launched in March 2015, by PM Modi as a unique integrating and interactive platform, aimed at addressing common man’s grievances and simultaneously monitoring and reviewing important programmes and projects of the Government of India as well as projects flagged by State Governments.

Amazon brings global computer science education initiative to India

• E-commerce major Amazon India has announced the launch of Amazon Future Engineer, its global computer science education programme in India. The programme will enable access to quality computer science education and career opportunities for students from underrepresented and underserved communities. In the first year of its launch, Amazon aims to enable and deliver learning opportunities to more than 1 lakh students from 900 government and aided schools across seven states in India.

• Amazon Future Engineer aims to address the gap by bringing early exposure and access to computer science education to students through in-person, online and blended learning formats.

• Amazon is working with its global knowledge partner Code.org, a global non-profit organization dedicated to computer science education.

SPORTS

Indian hockey star Rupinder Pal Singh announces retirement

• The Olympic bronze medal-winning Indian hockey player, Rupinder Pal Singh has announced his retirement from international hockey to make way for young and talented players.

• The 30-year-old Rupinder represented the Indian hockey team in 223 matches in his 13 years hockey career. Rupinder was part of the Indian hockey team that won the bronze medal in the 2020 Summer Tokyo Olympics, held in July – August 2021.

Boxing great Manny Pacquiao announced retirement

• After 26 years and 72 professional bouts, Former world champion Manny Pacquiao announced his retirement from professional boxing. He made his professional debut in 1995 at age 16.

• He became the first boxer to win the lineal championship in five different weight classes and is the only boxer to hold world championships across four different decades. He held the welterweight title as recently as 2019 at age 40. 

Queenslandon Test: Indian women team played their first-ever pink-ball test

• The first pink-ball day and night Test match between India and Australian women team at the Carrara Oval in Queenslandon, Australia on 30th September. The BCCI and Cricket Australia wish to slot in a Test in the full series they play going forward. The Indian team lead by Mithali Raj.

• Australia played the first pink-ball Test against England in 2017 in Sydney during the women’s Ashes.  The two teams last played a Test in Adelaide in 2006 when Australia won convincingly. Jhulan Goswami is one of two survivors from that Test along with Mithali Raj.

APPOINTMENT & RESIGNATION

Padmaja Chunduru Takes Over As MD And CEO, NSDL

• Padmaja Chunduru has been appointed as the managing director and chief executive officer (MD & CEO) of National Securities Depositories (NSDL). She has replaced GV Nageswara Rao as the MD & CEO of NSDL. In India, there are two depositories namely National Securities Depositories Ltd (NSDL) and Central Securities Depositories Ltd (CDSL). Both the depositories hold our financial securities.

• Padmaja Chunduru is a Post Graduate in Commerce from Andhra University. She has around 37 years of experience in the banking domain. She has served as MD & CEO of the Indian Bank from September 2018 to August 2021. She has extensive experience in stakeholder management, digital transformation, regulatory affairs, international experience and driving innovation with a focus on delivering growth and enhancing value.

Vinod Aggarwal has been appointed president of ASDC

• The Automotive Skills Development Council (ASDC) has appointed automobile industry veteran Vinod Aggarwal as its president. Aggarwal, who is currently the managing director and CEO of VE Commercial Vehicles Ltd (VECV), replaces Nikunj Sanghi, who will leave ASDC after serving it for four years.

• ASDC was set up a decade ago and is promoted by the top industry associations — SIAM, ACMA and FADA — along with the central government and the National Skill Development Corporation (NSDC). It is a sector skills council for the auto industry, which aims to make the country self-sufficient to sustain the growth and competitiveness of the automotive industry.

Sunil Kataria appointed as new chairman of ISA

• The newly elected Executive Council of the Indian Society of Advertisers (ISA) has elected Sunil Kataria, Chief Executive Officer, India and SAARC, Godrej Consumer Products Limited as the Chairman of the ISA. Sunil has led the Society over the past five years to greater heights garnering support from the fellow Executive Council members, the ISA members and other industry bodies.

• ISA is the apex national body as a strong voice to advertisers over the last 69 years. Its cross-sector advertiser members contribute to more than half of the annual national non-governmental ad spends. ISA, which is a founder member of the World Federation of Advertisers (WFA) and one of the founders of ASCI, continues to partner with other industry bodies that connect to the advertisers. The ISA played a significant role in the formation of BARC and is closely partnering with it towards advertisers getting robust and credible data.

IMPORTANT DAYS

Gandhi Jayanti 2021: 2nd  October

• Every year 2nd October is celebrated as a Gandhi Jayanti to remember the birth anniversary of the father of our nation Mahatma Gandhi. The year 2021 marks the 152nd birth anniversary of the global peace icon who was born on 2 October 1869, in Porbandar in Gujarat. This day is referred to as Gandhi Jayanti in India.

• On 15 June 2007, the United Nations General Assembly voted to establish 2 October as the International Day of Non-Violence. The International Day of Non-Violence is observed on 2 October, the birthday of Mahatma Gandhi, leader of the Indian independence movement and pioneer of the philosophy and strategy of non-violence. The International Day is an occasion to “disseminate the message of non-violence, including through education and public awareness”.

BOOKS & AUTHOR

The Nobel Laureate Wole Soyinka’s First Novel Since 1973

• A novel titled “Chronicles from the Land of the Happiest People on Earth” authored by Wole Soyinka has been released. Wole Soyinka is Africa’s first Nobel laureate in Literature. He wrote his last novel ”Season of Anomy” in 1973.

• He returns with a new novel after nearly 50 years. His notable plays include ”The Jero Plays”, ”The Road”, ”The Lion and the Jewel”, ”Madmen and Specialists” and ”From Zia, With Love”.

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Important Current Affairs 1st October 2021

INTERNATIONAL

IFSCA constitutes panel for development of sustainable finance hub

• International Financial Services Centres Authority (IFSCA) has constituted an Expert Committee to recommend an approach towards the development of the Sustainable Finance Hub at IFSC. The expert committee will be chaired by C.K. Mishra, Former Secretary to Government of India, Ministry of Environment, Forest & Climate Change. The committee consists of a total of 10 members including the chairperson and the member secretary.

• The committee shall study the current regulatory practices in Sustainable Finance across major International financial jurisdictions and recommend a robust framework to develop a world-class sustainable finance hub at IFSC, along with a road map for the same.

• IFSCA was established by the Ministry of Finance on April 27 2020, as a unified regulator of all financial products, financial services, and financial institutions in the International Financial Services Centres (IFSCs) in India. It has its headquarter at GIFT city in Gandhinagar, Gujarat.

NATIONAL

'Elder Line' rings in hope for senior citizens

• Ministry of Social Justice & Empowerment has launched India’s first Pan-India helpline for senior citizens named ‘Elder Line’ for which the toll-free number is 14567. The platform will allow senior citizens to connect and share their concerns, get information and guidance on problems that they face on a day-to-day basis.

• It will provide free information and guidance on pension issues, legal issues, extend emotional support, and even intervenes on the field in cases of abuse, and rescues the homeless elderly. Tata Trusts and NSE Foundation are the technical partners for “Elder Line”.

Government increases the income limit of disabled dependents for family pension

• Ministry of defence and union government has decided to increase the income limit of disabled dependents for family pension to children/siblings suffering from mental or physical disability. The child/sibling will be eligible for family pension for life if his/her overall income from sources other than a family pension is less than 30% of the last pay drawn by the deceased government servant/pensioner concerned plus the dearness relief admissible thereon.

• The financial benefit in such cases will accrue with effect from 08 February 2021. Presently, the disabled child/sibling is eligible for family pension if the overall monthly income of the disabled child/sibling from sources other than the family pension is not more than Rs 9,000, along with dearness relief.

Hurun India Rich List 2021: Mukesh Ambani on tops

• Reliance Industries Chairman, Mukesh Ambani has topped the IIFL Wealth Hurun India Rich List for the 10th consecutive year. In 2021, his total net worth was recorded at Rs 7,18,000 crore. Meanwhile, Adani Group Chairman Gautam Adani is in the second spot with a net worth of Rs. 5,05,900 crore. Shiv Nadar & the family of HCL technologies are third in the list with a net worth of Rs 2,36,600 crore.

• The Hurun India Rich list 2021 has named the richest individuals in the country with a wealth of Rs 1,000 crore or more as on September 15, 2021. The Hurun India Rich List 2021, features as many as 1,007 individuals across 119 cities with a net worth of Rs 1,000 crore. As per the report, India has 237 billionaires, up 58 compared to last year.

APPOINTMENT & RESIGNATION

NBA signs Bollywood star Ranveer Singh as brand ambassador for India

• The National Basketball Association (NBA) has named Bollywood actor Ranveer Singh as its brand ambassador for India. He will work with the NBA to help grow the league’s profile in India throughout its landmark 75th anniversary season in 2021-22. For the 2021-22 season, Singh will participate in a number of league initiatives that will be featured on NBA India’s and his personal social media accounts.

• The NBA is a global sports and media business built around four professional sports leagues: the National Basketball Association, Women’s National Basketball Association, the NBA G League and the NBA 2K League. The NBA games and programming is available in 215 countries and territories and merchandise for sale in more than 100,000 stores in 100 countries.

IMPORTANT DAYS

International Day of Older Persons 2021: 01st October

• International Day of Older Persons is observed globally on 1st October every year. The day aims to raise awareness about issues affecting the elderly, such as senescence and elder abuse, and appreciate the contributions that older people make to society. The theme of International Day of Older Persons 2021: Digital Equity for All Ages.

• On 14 December 1990, the United Nations General Assembly designated October 1 as the International Day of Older Persons (resolution 45/106). This was preceded by initiatives such as the Vienna International Plan of Action on Ageing, which was adopted by the 1982 World Assembly on Ageing and endorsed later that year by the UN General Assembly.

World Vegetarian Day2021: 01st October

• World Vegetarian Day is observed annually on October 1 globally to raise awareness about the ethical, environmental, health, and humanitarian benefits of a vegetarian lifestyle. World Vegetarian Day is celebrated to emphasize environmental considerations, animal welfare and rights issues and personal health benefits to encourage people into ditching animal products. The full week between October 1–7 is observed as the International Vegetarian Week (IVW).

• Vegetarianism was frequently referred to as a Pythagorean Diet, before the popularization of the term ‘vegetarian’ in the mid-1800s. Ancient Greek philosopher and mathematician Pythagoras was an early advocate for the diet hence, it was named after him. Established by the North American Vegetarian Society in 1977 and endorsed by the International Vegetarian Union in 1978, World Vegetarian Day is observed annually around the globe on October 1.

International Coffee Day 2021: 01st October

• Every year, International Coffee Day is observed on October 1, to celebrate and promote the use of coffee. There are many who believe that coffee might pose ill effects on their health, therefore, on this day people are educated about the various benefits of this beverage. On International Coffee Day, the hard work and efforts of these workers and people who are associated with the coffee industry are also recognised.

• Considering the number of sectors and workers involved, the day is not only observed to cherish the beverage but also to voice out for the injustices suffered by the sector and the people associated with it. The day also aims to promote the fair trade of coffee and bring the plight of coffee growers across the globe to the limelight.

BOOKS & AUTHOR

Indra Nooyi memoir “The secrets to balancing work and family life”

• In her book, My Life in Full: Work, Family and our Future, Indra Nooyi focuses on the importance that organisational support plays in working women’s lives. For instance, she lists the offer of three months of paid leave by BCG to take care of her father in India when he was diagnosed with cancer.

• Indra Nooyi tells the story of that journey in her memoir, My Life in Full (published by Hachette India) in 313 pages that are packed with her experiences of settling in America, negotiating the boardroom, balancing work and family life and what the pandemic has meant for workplaces.

BANKING AND ECONOMIC

RBI removes Indian Overseas Bank from Prompt Corrective Action framework

• Reserve Bank of India has announced the removal of Prompt Corrective Action (PCA) restrictions on Indian Overseas Bank (IOB). This decision gives the bank more freedom for lending, especially to corporations and grow the network, subject to prescribed norms. IOB was placed under PCA in 2015.

• The bank has provided a written commitment that it would comply with the norms of Minimum Regulatory Capital, Net NPA and Leverage ratio on an ongoing basis and has apprised the RBI of the structural and systemic improvements that it has put in place which would help the bank in continuing to meet these commitments. IOB is being tipped as a privatisation candidate. In 2021, RBI has also removed PCA restrictions on IDBI Bank and UCO Bank.

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Important Current Affairs 30th September 2021

INTERNATIONAL

Fumio Kishida to Become Japan’s Next Prime Minister After Party Election Win

• Japan’s former Foreign Minister, Fumio Kishida has won the ruling party’s leadership election, virtually ensuring that he will become the country’s next prime minister. Kishida won 257 votes in a runoff to defeat Taro Kono, a popular vaccines minister who previously held the positions of defence and foreign minister.

• The 64-year-old replaces outgoing party leader Prime Minister Yoshihide Suga, who is stepping down after serving only one year since taking office last September. Kishida previously served as LDP policy chief and was foreign minister between 2012-17, during which he negotiated accords with Russia and South Korea, with whom Japan’s relations are often frosty.

North Korea claims successful test of a hypersonic missile

• North Korea successfully tested a new hypersonic missile called Hwasong-8, in a bid to increase the nation’s capabilities for self-defence. The missile was one of the five most important new weapons systems laid out by North Korea in the five-year military development plan. This was the country’s third missile test in a month. Earlier it tested a new type of cruise missile, as well as a new train-launched ballistic missile system.

• Hypersonic missiles fly at lower altitudes compared to ballistic weapon systems and can attain more than five times the speed of sound, restricting the interception capabilities of adversaries.

NATIONAL

Government of India started the work of developing ‘Parshuram Kund’ in Arunachal Pradesh

• The government of India has started work for the development of ‘Parshuram Kund’, a Hindu pilgrimage site on the Brahmputra plateau in the lower reaches of the Lohit river in Arunachal Pradesh. The project costing Rs 37.88 crore was sanctioned under the Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) Scheme of the Ministry of Tourism.

• The ‘National Mission on Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive’ (PRASHAD) is a Central Sector Scheme launched in 2014-15 with complete financial assistance by the Government of India. It was targeted to develop tourism infrastructure to harness pilgrimage and heritage tourism destinations for its direct and multiplier effect upon employment generation and economic development.

Housing Minister Hardeep Puri launches seventh edition of Swachh Survekshan 2022

• Union Housing and Urban Affairs Minister, Hardeep Singh Puri has launched the 7th edition of Swachh Survekshan 2022. The seventh edition of the annual cleanliness survey in the urban areas, under which district rankings have been introduced for the first time. The voice of senior citizens and young adults will also be given priority.

• This survey will create a level playing field for smaller cities by introducing 2 population categories:-under 15,000 & btw 15,000-25,000. The scope of the survey has been expanded to now cover 100 per cent wards for sampling as compared to 40 per cent in previous years, according to the ministry.

• The Mission is also committed to continuously engage with citizens to improve the quality of public sanitation infrastructure and services. To this end, the ‘Sarvajanik Shauchalay Safai Jan Bhagidari Utsav’ will be facilitated to assess the quality of community and public toilets and capture citizen feedback for process improvement in future.

Lok Sabha Speaker Om Birla inaugurated 'Nidhi 2.0' scheme

• The Speaker of Lok Sabha, Om Birla has inaugurated the NIDHI 2.0 (National Integrated Database of Hospitality Industry) scheme, during an event organised by the Ministry of Tourism, on the occasion of 2021 World Tourism Day. The NIDHI 2.0 database will have more inclusivity, by not only including accommodation units, but also travel agents, tour operators, & others.

• The NIDHI scheme was launched by the Ministry of Tourism to facilitate the digitalization of the tourism sector and promote ease of doing business for the hospitality & tourism sector, by encouraging all accommodation units to register themselves on the platform to become part of the hospitality industry.

• As a part of the occasion, the Ministry of Tourism signed an MoU with the United Nations Environment Programme (UNEP) and The Responsible Tourism Society of India (RTSOI) to actively promote and support ‘sustainability initiatives’ in the tourism sector of each other.

Titled  “जनCARE” launched by Union Minister of State (Independent Charge) Science & Technology, Dr Jitendra Singh

• As a part of the Azadi Ka Amrit Mahotsav, Union Minister Dr Jitendra Singh (Union Minister of State (Independent Charge) Science & Technology) launched the “AmritGrand Challenge Program” titled “जनCARE”. The Grand Challenge aims to identify 75 Start-Up and entrepreneurs, who come out with Innovative Ideas and Solutions for India’s healthcare challenges, that can work in Low Resource Settings, for strengthening Healthcare Delivery in India.

• The Challenge has been launched jointly by Biotechnology Industry Research Assistance Council (BIRAC), NASSCOM and NASSCOM Foundation, as a nationwide “Discover – Design – Scale” program.

• The “जनCARE” Amrit Challenge will recognise start-ups in fields like Innovations in Telemedicine, Digital Health, mHealth with BIG Data, AI, BlockChain and other technologies.The Challenge will end on December 31, 2021.

APPOINTMENT & RESIGNATION

CavinKare CMD CK Ranganathan named as the new AIMA president for One year

• Chairman & managing director CavinKare Pvt Ltd, CK Ranganathan has been appointed president of All India Management Association (AIMA) for a period of one year till the National Management Convention is held in September 2022. He takes over from Harsh Pati Singhania, vice chairman & managing director, JK Paper Ltd. Under his leadership, technology will drive AIMA”s services and the new initiatives would include face recognition tools for admission and recruitment testing services and remotely proctored semester examination for education institutes.

• AIMA is the national apex body of the management profession in India. It works closely with industry, government, academia and students to further the cause of the management profession in India.

IMPORTANT DAYS

International Translation Day 2021: 30th September

• Every year, International Translation Day is marked on 30 September. The International Federation of Translators (FIT) organise the day ever since it was set up in 1953. The day aims to celebrate the work of language translation professionals which facilitates dialogue, understanding and cooperation, contributing to the development and strengthening of world peace and security. International Translation Day 2021 theme: “United in translation”.

• The International Federation of Translators (FIT) organise the day ever since it was set up in 1953. The first official celebration of ITD was held in 1991. The day also marks the feast of St. Jerome, the Bible translator who is considered the patron saint of translators.

World Maritime Day 2021: 30th September

• World Maritime Day 2021 is observed globally on 30th September. The exact date of celebrating World Maritime Day is left to the individual governments but is usually celebrated during the last week in September. The theme of World Maritime Day 2021 is “Seafarers at the core of shipping’s future”.

• The theme for this year reflects a clear need to raise awareness of seafarersʹ crucial role in world trade and increase their visibility. The World Maritime theme for 2021 will provide the opportunity to focus on seafarers as the people at the heart of shipping, while also allowing for activities to delve into specific topics relevant to the role of the seafarer in safety, maritime security, environmental protection and seafarersʹ well-being; and the future of seafaring against a backdrop of increased digitalization and automation.

AWARDS & RECOGNITION

Yemeni humanitarian organization wins 2021 UNHCR Nansen Refugee Award

• A humanitarian organization from Yemen has been declared as the winner of the 2021 UNHCR Nansen Refugee Award. The organisation named “Jeel Albena Association for Humanitarian Development”, founded in 2017 by Ameen Jubran has won the prestigious honour to support and provide a lifeline to tens of thousands of Yemenis people displaced by the country’s conflict.

• The UNHCR Nansen Refugee Award honours individuals, groups or organizations for going above and beyond the call of duty to protect refugees, other displaced and stateless people.

BANKING AND ECONOMIC

NPCI launches 'RuPay On-the-Go' with YES BANK in partnership with Neokred and Seshaasai

• The National Payments Corporation of India (NPCI) has partnered with private sector lender YES Bank to launch first-of-its-kind ‘RuPay On-the-Go’ contactless payments solutions. The RuPay On-the-Go contactless solution is mainly a wearable payment solution, launched to enable customers to make small and large value transactions from accessories that they wear every day.

• The solution would eliminate the need to carry a physical card, and customers can use the solution at RuPay contactless-enabled PoS at retail outlets and pay up to Rs 5,000 without the need for a PIN. The solution is based on a simple ‘Tap, pay, go’ mechanism. It has been launched in association with fintech infrastructure partner Neokred and manufacturing partner Seshaasai.

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