8th October 2021 Current Affairs

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Daily Important GK Update of 08th October October 2021 masking the next information headlines: Nobel Peace Prize 2021, RBI Monetary Policy, IFIH Hockey Stars Awards, Henley Passport Index 2021, Forbes India Rich List 2021.

National News

1. PM Narendra Modi dedicates to nation 35 PSA Oxygen Plants

  • Prime Minister Narendra Modi devoted 35 Pressure Swing Adsorption (PSA) Oxygen Plants to the nation by video-conferencing, throughout an occasion at AIIMS Rishikesh, Uttarakhand.
  • These 35 PSA Oxygen Plants have been established beneath PM CARES, throughout 35 States and Union Territories. Now all districts of the nation will now have commissioned PSA Oxygen Plants.
  • As per the info, a complete of 1,224 PSA oxygen crops have been funded beneath the PM-CARES (Prime Minister’s Citizen Assistance and Relief in Emergency Situation) fund throughout the nation until date and of those, greater than 1,100 crops have already been commissioned offering an output of over 1,750 MT oxygen per day.

Appointments News

2. PL Haranadh takes cost as Chairman of Paradip Port Trust

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_60.1

  • P L Haranadh, an Indian Railway Traffic Service (IRTS) officer of the 1994 batch, has been appointed as the brand new Chairman of Paradip Port Trust (PPT).
  • Haranadh has labored in varied capacities, throughout his 27 years of service, which incorporates 22 years within the Indian Railways and 5 years within the Ministry of Shipping. Paradip Port Trust (PPT) is the lone main port in Odisha.

Important notes for all competitive exams:

  • Paradip Port Trust Headquarters: Paradip, Odisha;
  • Paradip Port Trust Opened: 12 March 1966.

3. E. R. Sheikh turns into first Director-General of the Ordnance Directorate

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_70.1

  • E.R. Sheikh has assumed cost as first Director-General of the Ordnance Directorate (Co-ordination and Services). It is the successor group of the Ordnance Factory Board (OFB).
  • He has contributed to the institution of the fashionable manufacturing line system for the manufacture of small arms ammunition on the Ordnance Factory Varangaon. He led the profitable improvement of the Bi-Modular Charge System for artillery ammunition.

Economy News

4. RBI Monetary Policy: Status Quo on charges

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_80.1

  • The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) saved the repo price unchanged within the fourth bi-monthly coverage meet for the monetary yr 2021-22 headed by RBI Governor Shaktikanta Das has maintained the established order. The assembly was held between October (6 to eight). The remaining will happen in December (6 to eight) and February (7 to 9, 2022).

The Marginal Standing Facility (MSF) price and financial institution charges stay unchanged:

  • Policy Repo Rate: 4.00%
  • Reverse Repo Rate: 3.35%
  • Marginal Standing Facility Rate: 4.25%
  • Bank Rate: 4.25%
  • CRR: 4%
  • SLR: 18.00%

RBI Monetary Policy Highlights & Key Decisions:

  • FY22 GDP progress forecast maintained at 9.5%.
  • CPI inflation is projected at 5.3% for the present fiscal yr.
  • Bond purchases beneath G-SAP stopped.
  • Open market operations to proceed as wanted.
  • Internal ombudsman plan for non-bank lenders.
  • On-tap particular LTRO of three years price Rs 10,000 crore for small companies prolonged until Dec 31.
  • Framework deliberate for retail digital funds in offline mode.
  • Immediate Payment Service (IMPS) restricted upped from Rs 2 lakh to Rs 5 lakh
  • No compulsion for banks to park cash in variable reverse repo price (VRRR).

5. World Bank Projects Indian GDP to develop at 8.3% in FY22

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_90.1

  • The World Bank has estimated India’s actual Gross Domestic Product (GDP) within the present fiscal yr 2021-22 to develop by 8.3% in its newest financial replace for South Asia.
  • India’s financial system, South Asia’s largest, is anticipated to develop by 8.3 per cent within the fiscal yr 2021-22, aided by a rise in public funding and incentives to spice up manufacturing,”.
  • The World Bank stated in its replace on South Asia, titled ‘Shifting Gears: Digitization and Services-led Development.

6. Fitch cuts India’s FY22 GDP progress forecast to eight.7%

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_100.1

  • Fitch Ratings has lower India’s financial progress forecast to 8.7% for the present fiscal however raised GDP progress projection for FY23 to 10%, saying the second COVID-19 wave delayed somewhat than derail the financial restoration.
  • Fitch Ratings stated India’s ‘BBB-/Negative’ sovereign ranking “balances a still-strong medium-term growth outlook and external resilience from solid foreign- reserve buffers, against high public debt, a weak financial sector and some lagging structural factors”.

Business News

7. Tata Group wins bid for Air India

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_110.1

  • Tata Group, the progenitor of the Air India airline, reclaimed it, almost 60 years after it was nationalised. Tata Sons bid ₹180 billion for the federal government’s 100% stake in Air India.
  • The authorities is in search of to promote 100 per cent of its stake within the state-owned nationwide airline, together with Air India’s 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.
  • JRD Tata based the airline in October 1932 and it was at the moment known as Tata Airlines. This marks the return of Air India to Tata fold after 68 years. The authorities nationalised the airline in 1953. With this, the airline will return to the Tatas who’ve a protracted historical past with the nationwide provider.

Ranks and Reports News

8. India slips 6 ranks on Henley Passport Index 2021

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_120.1

  • India’s rank has slipped by six locations from final yr to 90 on the Henley Passport Index 2021, which lists the world’s most travel-friendly passports Japan and Singapore maintain the primary rank on the passport index.
  • The index covers 227 locations and 199 passports. The index comes at a time when international locations are easing journey restrictions for worldwide guests after nearly two years for the reason that outbreak of the COVID-19 pandemic.
  • The rankings are primarily based on the survey of the International Air Transport Association (IATA) information.

Top 5 international locations within the Index:

  • Rank 1: Japan, Singapore
  • Rank 2: Germany, South Korea
  • Rank 3: Finland, Italy, Luxembourg, Spain
  • Rank 4: Austria, Denmark
  • Rank 5: France, Ireland, Netherlands, Portugal, Sweden

World’s 5 least highly effective passports:

  • Afghanistan
  • Iraq
  • Syria
  • Pakistan
  • Yemen

9. Mukesh Ambani tops Forbes India Rich List 2021

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_130.1

  • The Reliance Industries Limited (RIL) Chairman Mukesh Ambani has topped the Forbes India Rich listing for 2021, launched. The listing ranks India’s 100 richest Indians. He has retained his place because the wealthiest Indian for the 14th consecutive yr on the Forbes India listing, since 2008.
  • The tycoon added $4 billion to his web price in 2021, to convey his whole fortune to $92.7 billion. The second spot has been retained by Adani Group Chairman Gautam Adani, with a web price of $74.8 billion. Tech tycoon Shiv Nadar acquired the third spot with web price of $31 billion.

Summits and Conferences News

10. Centre organises ‘Buddhist Circuit Train FAM Tour and Conference’

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_140.1

  • Union Minister of State for Tourism, Ajay Bhatt has flagged off the “Buddhist Circuit Train FAM Tour” from Safdarjung railway station (a part of Delhi Suburban Railways).
  • Ministry of Tourism in affiliation with the Indian Railway Catering & Tourism Corporation (IRCTC) has organized the Buddhist Circuit Train FAM Tour as a part of the Union authorities’s “Dekho Apna Desh” initiative.
  • The tour will cowl the go to of distinguished Buddhist websites and conferences at Bodhgaya and Varanasi. The occasion is more likely to be attended by round 125 delegates together with tour operators, hoteliers, media and officers of the Ministry of Tourism and state governments.

Awards News

11. The Nobel Peace Prize 2021 introduced

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_150.1

  • The Norwegian Nobel Committee has determined to award the 2021 Nobel Peace Prize to Maria Ressa and Dmitry Muratov “for their efforts to safeguard freedom of expression, which is a precondition for democracy and lasting peace”.
  • Maria Ressa makes use of freedom of expression to reveal abuse of energy, use of violence and rising authoritarianism in her native nation, the Philippines. Dmitry Muratov has for many years defended freedom of speech in Russia beneath more and more difficult situations.

12. Karnataka Vikas Grameena Bank baggage two nationwide awards

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_160.1

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

Important notes for all competitive exams:

  • Karnataka Vikas Grameena Bank based: September 12, 2005.
  • Karnataka Vikas Grameena Bank Headquarters: Dharwad, Karnataka.
  • Karnataka Vikas Grameena Bank Chairman: Puttaganti Gopi Krishna.

13. Indian hockey gamers sweep FIH Stars Awards

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_170.1

  • Indian hockey gamers swept the 2020-21 version of the FIH Stars Awards, the worldwide hockey federation (FIH) introduced.
  • The winners have been determined primarily based on a web based ballot performed from August 23 to September 15 which noticed nationwide associations, represented by their respective nationwide captains and coaches, gamers, media and hockey followers forged their votes.

FIH Stars Awards 2020-21: Winners listing

  • Player of the Year: Harmanpreet Singh (males) and Gurjit Kaur (ladies)
  • Goalkeeper of the Year: PR Sreejesh (males) and Savita Punia (ladies)
  • Rising Star of the Year: Vivek Sagar Prasad (males) and Sharmila Devi (ladies)
  • Coach of the Year: Graham Reid (males) and Sjoerd Marijne (ladies)

Books and Authors

14. A e-book title “Economist Gandhi” by Jaithirth Rao

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_180.1

  • Indian Entrepreneur and author Jaithirth Rao, popularly often known as Jerry Rao, has come out with a e-book on Mahatma Gandhi titled “Economist Gandhi: The Roots and the Relevance of the Political Economy of the Mahatma”.
  • Jaithirth Rao is the founder and former CEO of the software program firm Mphasis. The e-book examines Mahatma Gandhi’s financial philosophy and his hidden side personality- ideas on economics and capitalism. The e-book has been printed by the Penguin Random House India.

Important Days

15. Indian Air Force Day noticed on 08 October

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_190.1

  • Indian Air Force Day is widely known yearly by the Indian Air Force on the eighth of October. This yr Indian Air Force celebrated its 89th anniversary.
  • Indian Air Force was formally established on 8 October 1932 by the British Empire because the Royal Indian Air Force.
  • The title was modified to Indian Air Force in 1950. The IAF was based on October 8, 1932, and the power has participated in a number of essential wars and landmark missions. It was formally established as an auxiliary air power of the British Empire which honoured India’s aviation service throughout World War II with the prefix Royal.

Important notes for all competitive exams:

  • Chiefs of Air Staff: Air Chief Marshal Vivek Ram Chaudhari.

16. World Egg Day 2021: 08 October

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_200.1

  • World Egg Day is widely known worldwide on the ‘Second Friday of October’ month every year since 1996. This yr’s World Egg Day will happen on Friday 8 October and can mark the twenty fifth anniversary of the occasion.
  • The 2021 celebration will centre across the good versatility of the egg and its multitude of advantages to folks at each 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 determined to have a good time the ability of the egg on the second Friday in October every year. The day helps to boost consciousness of the advantages of eggs and their significance in human diet.

17. World Investor Week 2021: October 04-10

  • 8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam_210.1The International Organization of Securities Commissions (IOSCO) is making ready 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 boost consciousness concerning the significance of investor schooling and safety and spotlight the varied initiatives of securities regulators in these two important areas.
  • The key messages of the IOSCO WIW marketing campaign in 2021 might be primarily based on two themes: 1) sustainable finance and a pair of) frauds and scams prevention. The IOSCO WIW marketing campaign continues to achieve help amongst a rising variety of jurisdictions, stakeholders and main worldwide organizations.

Important notes for all competitive exams:

  • IOSCO Headquarters: Madrid, Spain;
  • IOSCO Secretary General: Paul P. Andrews;
  • IOSCO Founded: April 1983.
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