14th October 2021 Current Affairs

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Daily Important GK Update of 14th October 2021 protecting the next information headlines: Atal Community Innovation Center, Renewable Energy Country Attractiveness Index, International Monetary Fund, Asian Development Bank, Kotak Mahindra Bank Ltd.

National News

1. PM Modi inaugurates Rs 100 lakh crore PM Gati Shakti-National Master Plan

  • With the imaginative and prescient of holistic and built-in infrastructure growth within the nation, Prime Minister Narendra Modi inaugurated PM Gati Shakti-National Master Plan, from Pragati Maidan in New Delhi.
  • The Rs 100 lakh crore PM Gati Shakti-National Master Plan goals to offer multi-modal connectivity to financial zones within the nation.
  • A centralised portal might be set as much as deliver collectively the infrastructure schemes (that are to be accomplished by 2024-25) of as many as 16 Ministries & State Governments on a standard platform, for built-in planning and coordinated implementation, as a substitute of planning & designing individually by every ministry and division.
  • Through the PM Gati Shakti marketing campaign, the federal government goals to lend extra velocity (Gati) and energy (Shakti) to infrastructure connectivity tasks by connecting all involved departments on one platform.

Appointments News

2. Fire-Boltt ropes in Virat Kohli as new model ambassador

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_60.1

  • Indian wearable model Fire-Boltt has named cricket captain Virat Kohli as its new model ambassador. The skipper will take part in numerous advertising, advert and endorsement campaigns of the homegrown model.
  • Fire-Boltt had a couple of months earlier introduced on board actor Vicky Kaushal as its first model ambassador.
  • Fire-Boltt is a wearable, gaming, and audio model providing a bouquet of premium high quality audio, health, and vogue merchandise. The merchandise by Fire-Boltt embody smartwatches, Bluetooth earphones, Bluetooth headphones, true wi-fi earbuds, Bluetooth audio system, soundbars, life-style sneakers, amongst others.

3. OYO appoints Paralympian Deepa Malik as impartial director

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_70.1

  • Hospitality agency Oravel Stays Ltd (OYO) has appointed Deepa Malik, an Indian athlete and a silver-medalist on the 2016 Paralympic Games, as an impartial director on the corporate’s board of administrators.
  • Malik’s expertise and her ardour for journey and journey can be invaluable for OYO for years to return. Malik joins the board of OYO that has three different impartial administrators and one nominee director, apart from Ritesh Agarwal being the chairman.

4. Sajjan Jindal appointed chairman of World Steel Association

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_80.1

  • World Steel Association (WSA) has elected Sajjan Jindal, Chairman and Managing Director of JSW Steel Ltd, as Chairman for the 12 months 2021-22.
  • Jindal is the primary consultant from India to function Chairman of the WSA. JSW Steel is the flagship enterprise of the diversified $13 billion JSW Group and engaged within the manufacturing of iron and metal merchandise in India and throughout the globe.

Important notes for all competitive exams:

  • World Steel Association established: 1967;
  • World Steel Association headquartered: Brussels, Belgium.

Banking News

5. IndusInd Bank will get authorised by RBI to gather Direct and Indirect Taxes

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_90.1

  • IndusInd Bank has introduced, that it has been authorised by the Reserve Bank of India (RBI) for the gathering of Direct and Indirect Taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).
  • With this, its prospects will have the ability to pay their Direct and Indirect taxes via ‘Indusnet’ and ‘Indusmobile’ platforms.
  • The authorization has been awarded foundation a suggestion from the Controller General of Accounts in addition to the Ministry of Finance (Govt. of India), and comes shut on the heels of the Bank being appointed as an ‘Agency Bank’ of the RBI to conduct authorities enterprise.

Important notes for all competitive exams:

  • The IndusInd Bank CEO: Sumant Kathpalia;
  • The IndusInd Bank Headquarters: Pune;
  • The IndusInd Bank Owner: Hinduja Group;
  • The IndusInd Bank Founder: S. P. Hinduja;
  • The IndusInd Bank Founded: April 1994, Mumbai.

6. Kotak Mahindra Bank launches Micro ATMs throughout India

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_100.1

  • The non-public lender Kotak Mahindra Bank Ltd has introduced the launch of Micro ATMs throughout the nation.
  • Customers of all banks who possess a debit card can use a Kotak Micro ATM for key banking companies reminiscent of money withdrawals and checking account balances.
  • A mini model of an ATM, micro ATMs are small handheld units. The financial institution will use its in depth Business Correspondents (BC) community to launch micro ATMs.

Important notes for all competitive exams:

  • Kotak Mahindra Bank Establishment: 2003;
  • Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra;
  • Kotak Mahindra Bank MD & CEO: Uday Kotak.

Business News

7. Centre accords “Maharatna” standing to state-owned PFC Ltd

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_110.1

  • The Government of India has accorded ‘Maharatna’ standing to the state-owned Power Finance Corporation Ltd (PFC). The new standing will give PFC larger operational and monetary autonomy.
  • PFC was integrated in 1986, as an Indian monetary establishment beneath the possession of the Ministry of Power. It is the most important Infrastructure Finance Company in India, solely devoted to Power Sector.

Important notes for all competitive exams:

  • Power Finance Corporation Ltd Headquarters: New Delhi;
  • Power Finance Corporation Ltd Founded: 16 July 1986;
  • Power Finance Corporation Ltd Chairman & MD: Ravinder Singh Dhillon.

8. ADB Raises 2019–2030 Climate Financing Goal to $100 Billion

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_120.1

  • The Asian Development Bank (ADB) has introduced a rise in its local weather financing objectives 2019-2030 for creating member international locations (DMCs) by $20 billion to $100 billion.
  • Earlier in 2018, ADB had introduced an $80 billion objective for local weather financing for creating international locations in Asia throughout 2019-2030. The further $20 billion in financing help might be used for local weather mitigation efforts together with low-carbon power sources, local weather adaptation tasks and personal sector tasks.

Important notes for all competitive exams:

  • President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.

Economy News

9. IMF Projects Indian Economy to develop at 9.5% in FY22

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_130.1

  • The International Monetary Fund (IMF) has estimated the Indian economic system to develop by 9.5% within the present fiscal 12 months, i.e 2021-22 (FY22) and 8.5% in FY23 (2022-23), in its newest World Economic Outlook report, launched on October 12, 2021.
  • Meanwhile, IMF expects the world gross home product (GDP) to develop by 5.9 per cent in 2021 and 4.9% in 2022.
  • In its World Economic Outlook (WEO), the IMF has maintained India’s gross home product (GDP) estimates for subsequent monetary 12 months at 8.5 per cent, unchanged from its July projections.
  • The WEO, titled ‘Recovery During a Pandemic Health Concerns, Supply Disruptions, and Price Pressures’, has forecast world financial progress at 4.9 per cent for 2022, the identical as earlier.

Important notes for all competitive exams:

  • IMF Headquarters: Washington, D.C. U.S;
  • IMF Managing Director and Chairman: Kristalina Georgieva;
  • IMF Chief Economist: Gita Gopinath.

Ranks and Reports News

10. India Ranks Third in 2021 EY Index

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_140.1

  • India has retained the third place within the 58th Renewable Energy Country Attractiveness Index (RECAI) launched by the consultancy agency Ernst & Young (EY).
  • According to the report, the US, mainland China and India proceed to retain the highest three rankings and Indonesia is a brand new entrant to the RECAI.
  • A brand new energy buy settlement PPA Index – launched on this version of RECAI – focuses on the attractiveness of renewable energy procurement and ranks the expansion potential of a nation’s company PPA market. India is ranked sixth among the many high 30 PPA markets.

Sports News

11. Ireland’s Amy Hunter turns into youngest batter to hit ODI hundred

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_150.1

  • Ireland’s Amy Hunter hit 121 not out on her sixteenth birthday in opposition to Zimbabwe, making her the youngest batter to attain an ODI century in both males’s or girls’s cricket.
  • The Belfast batter – who was enjoying in solely her fourth ODI – broke the document beforehand held by India’s Mithali Raj, scorer of a century in opposition to Ireland in 1999 when she was 16 years 205 days.

Important Days

12. International E-Waste Day: 14 October

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_160.1

  • The International E-Waste Day (IEWD) is well known on 14 October yearly since 2018, to advertise the proper disposal of e-waste all through the world with the goal to extend re-use, restoration and recycling charges. 2021 is the fourth version of the International E-Waste Day.
  • This 12 months’s International E-Waste Day will concentrate on the essential half every of us has in making circularity a actuality for e-products.
  • The theme for 2021 IEWD is “Consumer is the key to Circular Economy!”. The day was developed in 2018 by the WEEE Forum, a global affiliation of e-waste assortment schemes, with the help of its members.

13. World Standards Day noticed on 14th October

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_170.1

  • World Standards Day or International Standards Day is noticed globally on 14 October yearly.
  • The day goals to boost consciousness in regards to the significance of standardisation to the worldwide economic system amongst shoppers, regulators and business.
  • World Standards Day 2021 theme is “Standards for sustainable development goals – shared vision for a better world”.
  • The date was chosen to mark the primary gathering of delegates in 1956 from 25 international locations in London who determined to create a global organisation for facilitating standardisation.

Important notes for all competitive exams:

  • International Organization for Standardization Headquarters: Geneva, Switzerland
  • International Organization for StandardizationFounded: 23 February 1947, London, United Kingdom.
  • International Organization for Standardization President: Ulrika Francke.

Obituaries News

14. IFFCO chairman Sardar Balvinder Singh Nakai passes away

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_180.1

  • Fertiliser main IFFCO’s Chairman Balvinder Singh Nakai has handed away.
  • He was an eminent farmer – cooperator and was deeply concerned in offering power to the Indian cooperative motion for the final three a long time. He made pioneering contributions in the direction of empowering farmers.

Miscellaneous News

15. India’s first Atal Community Innovation Center launched in Jaipur

14th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_190.1

  • India’s 1st Atal Community Innovation Center (ACIC) was inaugurated at Vivekananda Global University, Jaipur (VGU). It would be the first centre within the nation to be arrange by the Government of India, Atal Innovation Mission (AIM) and NITI Aayog.
  • ACIC goals to help and nurture revolutionary concepts that may take the form of massive concepts and assist remodel society for a greater tomorrow.
  • This middle, began beneath the joint aegis of Atal Innovation Mission, NITI Aayog and VGU, will profit the hardworking, passionate and brave businessmen of Rajasthan who wish to take their enterprise in the direction of heights.
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