NATIONAL UPDATES:
1. Skyroot Aerospace unveils Vikram-1 rocket, scheduled
for launch in 2024: Space start-up Skyroot
Aerospace unveiled its indigenously built Vikram-1 rocket which
is expected to deliver satellites to low earth orbit early 2024. Science
and Technology Minister Jitendra Singh also inaugurated 'The MAX-Q
Campus', the new headquarters of the start-up at the GMR Aerospace and
Industrial Park at Mamidipally in South Hyderabad. Vikram-1 is
a multi-stage launch vehicle with a capacity to place around 300
kg of payloads in Low Earth Orbit.
2. Rajasthan Govt Launches ‘iStart Talent Connect Portal’: The Rajasthan government launched
the ‘iStart Talent Connect Portal’ at Jaipur’s Techno Hub to boost
employment opportunities in the state, Aim: To serve as a user-friendly
platform for both job providers and job seekers. The platform, launched
in collaboration with Jaipur-based startup Hyrefox, not only allows companies
to discover potential talent but also lets them post job openings and connect
with their future employees
3. UP government set up URIDA to implement the CM Grids
scheme: The government of
Uttar Pradesh has established the Urban Road Infrastructure Development
Agency (URIDA). The government granted approval for the
implementation of the CM Green Road Infrastructure Development
Scheme (Urban), which boasts a substantial budget of Rs 500
crore. Aim: To enhance the visual and functional aspects of urban
roadways while also shouldering the responsibility of overseeing, financing,
and supervising road development within municipalities.
INTERNATIONAL UPDATES:
1. India to surpass Japan in 2030 to become 2nd largest
economy of Asia: India will become the world’s third-largest
economy, overtaking Germany and Japan, by 2030 on the
strength of its youthful demographic profile and rapidly rising urban household
incomes. India's gross domestic product (GDP) is expected to grow 6.2-6.3 per
cent in the fiscal year ending in March 2024, being the fastest-growing major
economy this fiscal year. Asia's third-largest economy grew by a stellar
7.8 per cent in the April-June quarter.
2. Indian, Malaysian armies participate in Exercise
Harimau Shakti-2023: Joint bilateral training exercise “Exercise Harimau Shakti 2023”,
between Indian & Malaysian Army commenced in Umroi Cantonment. The
Malaysian Army contingent comprises troops from 5th Royal Battalion of
Malaysian Army. The Indian contingent is being represented by a Battalion
of THE RAJPUT REGIMENT. Ex is scheduled till 5th November 2023, aimed at
enhancing military capability for conduct of Multi Domain Operations in a sub
conventional scenario.
3. Sri Lanka announces free visas for Indians to boost
tourism: Sri Lanka waived the
visa fees for Indians and tourists from six other countries, as part
of its efforts to boost tourist arrivals and help rebuild the island nation’s
battered economy following 2022 financial crash. The Cabinet
announced implementation of a pilot project to issue free tourist visas to
tourists from China, India, Russia, Thailand, Indonesia, Malaysia, and
Japan until March 31, 2024. India has remained Sri Lanka’s top source
market for many years.
4. Mumbai second most polluted major global city as air
quality worsens: Mumbai became
the second most polluted city among 109 places tracked by IQAir, a
Swiss technology company measuring air quality in real-time.
The
top 5 Cities in the world are:
· Beijing
· Mumbai
· Karachi
· Jerusalem
· Shenyang
The
air quality index (AQI) score is based on the US system where a score of
between 0-50 is good, 51-100 is moderate, 101-150 is unhealthy for sensitive
groups, 151-200 is unhealthy, 201-300 is very unhealthy and >301 is
hazardous.
5. India to invest 143 lakh crore in Infrastructure by
2030 : India will spend nearly Rs143 lakh crore on
infrastructure between fiscals 2024 and 2030, more than twice the ₹
67 lakh crore spent in the past seven financial years starting 2017, according
to rating agency Crisil. Of the total, ₹ 36.6 lakh crore will be green
investments, marking five times rise compared with the amount spent during
fiscals 2017-2023. The agency expects India’s gross domestic product to grow at
an average 6.7 percent through fiscal 2031 to be the fastest-expanding large
economy.
Per
capita income is seen rising from USD 2,500 now to USD 4,500 by fiscal 2031,
creating a middle-income country. This growth will be underpinned by massive
all-round infrastructure development, with sharp focus on integrating sustainability.
Four of these — roads and highways, power transmission, renewable energy and
ports — have an overall score of 7-plus (out of 10), which underscores the pace
of reforms and developments of the past few years.
6. 24 October – World Development Information Day: World Development Information Day is
celebrated annually on October 24. Objective – To raise awareness of
development problems and the need to strengthen international cooperation to
solve them. Theme 2023 – Harnessing the Power of Information and
Communication Technologies to Build a Better World. The UN General Assembly in
1972 established the World Development Information Day to direct people’s
attention toward developmental problems and the need to strengthen
international cooperation to solve them.
OTHER UPDATES:
SPORTS
1. Shubman Gill becomes fastest batter to score 2000 runs
in ODIs : Shubman Gill has become the fastest
batter to score 2000 runs in ODIs. He achieved the feat in India’s World Cup
2023 match against Tom Latham’s New Zealand at the Himachal Pradesh Cricket
Association Stadium in Dharamsala. Back on January 21, 2011, Hashim Amla set
the record in his 40th innings in the match against India at St George’s Park
in Port Elizabeth. Gill raced to the milestone in only his 38th ODI innings. The
right-handed Shubman also broke Shikhar Dhawan’s record of being the fastest
Indian batter to score 2000 runs. Back on November 9, 2014, Dhawan set the
record in his 48th innings in the match against Sri Lanka at the Rajiv Gandhi
International Stadium in Hyderabad.
BANKING AND FINANCE
1. HDFC Bank Unveils XpressWay Digital Platform for Swift
Loans: HDFC Bank has
introduced XpressWay, a digital platform that offers various banking
products and services, providing customers with a swift and convenient banking
experience. Aim: To provide a fast, seamless, paperless, and self-service
experience for new and existing customers. About XpressWay It offers a
range of services, including Xpress Personal Loan, Xpress Business Loans,
Xpress Car Loan, Xpress Loan on cards, Xpress Credit Card, Xpress Savings
Accounts.
2. RBI Imposes ₹2.5 Crore Penalty On L&T Finance For
Non Compliance: RBI has taken
regulatory action against Larsen & Toubro Finance Limited by
imposing a monetary penalty of ₹2.50 crore
The
NBFC did not disclose to its retail borrowers, the gradation of risk and
rationale for charging different interest rates to different categories of
borrowers in the sanction letter Penalty is based on deficiencies in regulatory
compliance and is not intended to pronounce upon the validity of any
transaction by the company with its customers.
3. RBL Bank introduces GO savings account: RBL Bank has launched GO Savings Account, its latest digital
banking product. It is a zero-balance account with simple account opening
process and easy-to-operate features, the product caters to customers of all
age groups. The GO Savings Account signifies a modern shift in the world of
banking, presenting a novel subscription-based model. The launch of GO Savings
Account bridges the gap between traditional and digital banking by offering a
compelling value proposition for customers. With our user-friendly account
opening experience bundled with the new-age subscription-based model and services
there on, we aim to bring digital convenience to a larger customer segment.
OBITUARIES
1. Padma Shri Dr Birendra Nath Dutta Passes Away: Well-acclaimed academician, musician and lyricist Dr Birendra Nath Dutta passed away at the age of 90 years. One of the experts of the research and education in the folklore sector of the State, and the entire north-eastern region, he was a source of inspiration as well as knowledge. He recognized with the prestigious Padma Shri award in the field of ‘Literature and Education’ in 2009, and the Jagaddhatri Harmohan Das Sahitya Puraskar in 2010.
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