7th October 2021 Current Affairs

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Daily Important GK Update of Seventh October October 2021 protecting the next information headlines: PM MITRA Parks, Swechha programme, Fishwaale, Kotak Mahindra Bank, NARCL, BharatPe, Euro 2024 championship.

National News

1. Centre approves establishing 7 PM MITRA Parks in 5 years

  • The Centre has authorised the establishing of seven new mega textile parks, or PM MITRA parks throughout the nation in an effort to assist furthering the expansion of the textile sector within the financial system and place India strongly on the Global textiles map.
  • The Mega Integrated Textile Region and Apparel Parks (PM MITRA) will probably be primarily based on the 5F imaginative and prescient of the Hon’ble Prime Minister. The ‘5F’ Formula consists of Farm to fibre; fibre to manufacturing unit; manufacturing unit to style; style to international.
  • These parks will probably be arrange at Greenfield and Brownfield websites in several States by a Special Purpose Vehicle which will probably be owned by the State Government and Government of India in a Public-Private Partnership (PPP) Mode. The whole outlay for the challenge has been set at Rs 4,445 crore for 5 years.

State News

2. Andhra authorities launched ‘Swechha’ programme

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_60.1

  • Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has launched the ‘Swechha’ program to sort out the stigma connected to menstruation, prioritize feminine private hygiene, and encourage a wholesome dialogue of knowledge.
  • ‘Swechha’ (that means freedom) is meant to make sure inexpensive entry to well being and menstrual hygiene in adolescent women and girls.
  • The state authorities will present good high quality branded sanitary napkins to feminine college students at authorities academic establishments freed from price.
  • Ten sanitary napkins will probably be given each month to about 10 lakh adolescent women learning from Seventh-Twelfth grades in all authorities faculties and intermediate faculties throughout the state at a monetary outlay of INR 32 crores.
  • A complete of 120 napkins per 12 months is allotted to each feminine scholar, even throughout summer season holidays, the scholars will probably be equipped with their quota earlier than they go away faculty.

Important notes for all competitive exams:

  • Chief Minister of Andhra Pradesh: YS Jagan Mohan Reddy; Governor: Biswa Bhusan Harichandan.

3. India’s first e-fish market App Fishwaale launched in Assam

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_70.1

  • Assam Minister for Fisheries, Environment and Forest and Excise, Parimal Suklabaidya launched an App Fishwaale, India’s first e-fish market. Table dimension fish resembling bhangon, mrigal and rohu and freshwater and seawater frozen fish (icebox) will probably be obtainable coupled with dry fish packets, dry fish uncooked, fish pickles and processed fish merchandise.
  • Developed by Aqua Blue Global Aquaculture Solutions Pvt. Ltd. in collaboration with the fisheries division at a operate held at Sri Madhabdev Bhawan auditorium, the minister known as the app “a one-stop solution for aquaculture” that can assist each the patrons and sellers.
  • This platform will assist the fish farming group get an affordable worth for his or her produce and result in the elimination of middlemen.

Important notes for all competitive exams:

  • Assam Governor: Jagdish Mukhi;
  • Assam Chief Minister: Himanta Biswa Sarma.

Economy News

4. Moody’s upgrades India’s ranking outlook to ‘stable’ from ‘negative’

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_80.1

  • Rating company Moody’s Investors Service has upgraded India’s sovereign ranking outlook to ‘stable’ from ‘negative’, on October 05, 2021, following an enchancment within the monetary sector and faster-than-expected financial restoration throughout sectors.
  • Moody’s expects actual GDP development to common round 6 per cent over the medium time period, reflecting a rebound in exercise to ranges at potential as situations normalise.
  • While it retained India’s ranking at Baa3, reflecting the bottom funding grade ranking, Moody’s stated it expects actual GDP to surpass pre-pandemic ranges of 2019-20 this 12 months itself, as the continued financial restoration is choosing up steam with exercise upticks broadening throughout sectors.
  • It expects 2021-22 to file 9.3% development in GDP, adopted by 7.9% subsequent 12 months.

Banking News

5. Kotak Bank will get approval from the federal government to gather direct, oblique taxes

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_90.1

  • Kotak Mahindra Bank Ltd (KMBL) has acquired approval from the federal government for the gathering of direct & oblique taxes, resembling revenue tax, Goods and Services Tax (GST) and so forth, via its banking community.
  • With this, the financial institution turns into the first scheduled non-public sector financial institution to obtain approval after the announcement by Finance Minister Nirmala Sitharaman permitting all banks to take part within the government-related enterprise.
  • After technical integration, KMBL prospects will be capable to pay their direct and oblique taxes straight from KMBL’s cell banking or internet banking platforms in addition to via KMBL’s department banking community, leading to immense ease and comfort for patrons.

Important notes for all competitive exams:

  • Kotak Mahindra Bank Establishment: 2003;
  • Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra;
  • Kotak Mahindra Bank MD & CEO: Uday Kotak;
  • Kotak Mahindra Bank Tagline: Let’s Make Money Simple.

6. RBI grants license to NARCL beneath Sarfaesi Act

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_100.1

  • The Reserve Bank of India (RBI) has granted the National Asset Reconstruction Company (NARCL) the licence to register as an asset reconstruction firm (ARC). The Licence is given beneath 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, an organization can carry the enterprise of asset reconstruction solely after acquiring a certificates of registration from RBI and, having the owned fund of not lower than Rs 2 crore or such different quantity not exceeding 15% of whole monetary property acquired or to be acquired by the securitisation firm or reconstruction firm.
  • The NARCL has been integrated beneath the Companies Act, and public sector banks will maintain 51 per cent in NARCL.

Important notes for all competitive exams:

  • RBI twenty fifth Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Business News

7. BharatPe launches ‘buy now, pay later’ platform, postpe

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_110.1

  • Fintech firm BharatPe, introduced its entry into the ‘Buy Now Pay Later’ (BNPL) class with the launch of ‘postpe’. The new platform supplies credit score to prospects to purchase now, however pay later from anyplace.
  • Customers utilizing the postpe platform can obtain the app from Play Store and avail interest-free credit score restrict of as much as Rs 10 lakh. The firm stated that postpe isn’t solely restricted to big-ticket purchases however can be used for micro-purchases, making it the primary of its variety.
  • BharatPe acknowledged that it goals to facilitate a mortgage guide of $300 million on postpe within the first 12 months for its lending companions. The fintech firm added that prospects can store throughout offline in addition to on-line and repay simply via EMIs.
  • All a buyer has to do is scan the QR code via the postpe app and pay utilizing credit score. Users may also pay via a postpe card that will probably be accepted throughout hundreds of thousands of offline in addition to e-commerce platforms. Cashbacks and rewards are additionally on supply.

Important notes for all competitive exams:

  • Chief Executive Officer of BharatPe: Ashneer Grover;
  • Headoffice of BharatPe: New Delhi;
  • BharatPe Founded: 2018.

Awards News

7. The Nobel Prize in Literature 2021 introduced

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_120.1

  • The Nobel Prize in Literature 2021 was awarded to Abdulrazak Gurnah born in Zanzibar and lively 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 within the UK and Nigeria. He writes in English, and his most well-known novel is Paradise, which was shortlisted for the Booker prize in 1994.
  • Gurnah at present lives within the UK and taught English Literature on the University of Kent. Until lately, he was Professor of English and Postcolonial Literatures on the University of Kent, Canterbury and has printed ten novels and numerous brief tales.

Sports News

9. Germany unveils Euro 2024 championship brand

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_130.1

  • Germany has unveiled the brand for soccer’s 2024 European Championship throughout a ceremony with a light-weight present within the stadium that can maintain the ultimate.
  • The brand options an overview of the Henri Delaunay Cup — the bulbous event trophy — set on a colored oval define that resembles the Olympiastadion’s roof.
  • It options colors from the flags of UEFA’s 55 member nations, set in 24 slices across the trophy to symbolize the 24 groups that can finally qualify for the event in Germany.
  • Logos for every of the ten host cities; Berlin, Cologne, Dortmund, Düsseldorf, Frankfurt, Gelsenkirchen, Hamburg, Leipzig, Munich and Stuttgart have been additionally offered. The event is because of be performed in June and July 2024 with the match schedule to be confirmed subsequent 12 months.

10. ISSF Junior Championships: Aishwary Pratap Singh Tomar wins gold

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_140.1

  • Young Indian shooter, Aishwary Pratap Singh Tomar smashed the world file within the closing to win gold within the males’s 50m rifle 3 positions occasion on the ISSF Junior World Championships in Lima, Peru.
  • The teenager then bettered the junior world file within the closing with a rating of 463.4, ending practically seven factors forward of second-placed Frenchman Lucas Kryzs, who gained the silver with a rating of 456.5. Gavin Barnick of the USA gained bronze with a rating of 446.6.

Ranks and Reports News

11. Health Minister launched “The State of the World’s Children 2021” report

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_150.1

  • Union Health Minister Mansukh Mandaviya has launched UNICEF’s world flagship publication “The State of the World’s Children 2021; On My Mind: selling, defending and caring for kids’s psychological well being in New Delhi.
  • The report particulars the numerous influence of COVID-19 pandemic on kids’s psychological well being.
  • This may be very important to handle psychological well being as an necessary side for making a wholesome society. Mansukh famous that academics are essential stakeholders for addressing psychological well being points together with dad and mom and household.
  • UNICEF India Representative Dr Yasmin Ali Haque offered some key findings of the report.
  • As per the report, round 14 per cent of 15 to 24-year-olds in India, or 1 in 7 of them, reported usually feeling depressed or having little curiosity in doing issues.

Important Days

12. World Cotton Day: 07 October

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_160.1

  • World Cotton Day (WCD) is noticed globally on Seventh October. The worldwide day goals to have a good time some great benefits of cotton, starting from its qualities as a pure fibre to the advantages individuals acquire from its manufacturing, transformation, commerce and consumption.
  • WCD Day was initiated by the Group of Cotton-4 nations particularly Benin, Burkina Faso, Chad and Mali to mirror the significance of cotton as a world commodity.
  • The initiative of World Cotton Day was born in 2019, when 4 cotton producers in sub-Saharan Africa– Benin, Burkina Faso, Chad and Mali, referred to as the Cotton Four -proposed the World Trade Organization a World Cotton Day celebration on October 7.

Important notes for all competitive exams:

  • World Trade Organization Headquarters: Geneva, Switzerland.
  • World Trade Organization Founded: 1 January 1995.
  • World Trade Organization Director-General: Ngozi Okonjo-Iweala.

Obituaries News

13. Arvind Trivedi, greatest identified for his position as ‘Raavan’ in Ramayan, passes away

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_170.1

  • Veteran tv actor Arvind Trivedi, who’s famously identified for his iconic position of demon-king Raavan in Ramanand Sagar’s TV serial Ramayan, has handed away. He was 82.
  • He was additionally a part of the political subject, as an MP from Sabarkatha constituency in Gujarat, and had served the Parliament from 1991-96. He served because the appearing chairman of the Central Board of Film Certification (CBFC) from 2002 to 2003.

Miscellaneous News

14. Palghar’s famed Wada Kolam rice will get GI tag

7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_180.1

  • A wide range of rice broadly grown in Wada within the Palghar district has been given a ‘Geographical Indication’ tag, which is able to give it a novel id in addition to wider markets.
  • Wada Kolam, also referred to as Zini or Jhini rice, is a standard selection grown within the Wada tehsil of Palghar, with the grain being off white in color.
  • Wada Kolam rice instructions a worth of Rs 60-70 per kg in home markets and has a sizeable demand abroad as properly. Wada Kolam has been grown in Palghar for years. It is understood for its small grain, aroma, style and for being mild for digestion. It is gluten-free. However, it’s a low yielding crop.
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