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GK Update

Sat 05 Oct, 2024

National News

SCO Summit 2024

  • External Affairs Minister S. Jaishankar will visit Islamabad for the Shanghai Cooperation Organisation (SCO) Summit on October 15-16.

About SCO

  • Founded: 15 June 2001
  • HQ: Beijing, China
  • India joined SCO in 2017.
  • Founders: Russia, China, Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan
  • Total Members: 10

Hiramani Arogyadham Day-Care Hospital

  • Union Home Minister Amit Shah inaugurated the Hiramani Arogyadham Day-Care Hospital in Gandhinagar, Gujarat.

About Gujarat

  • Foundation Day: 1 May 1960
  • Highest Peak: Girnar
  • Largest Tribe: Bhil
  • Longest River: Narmada
  • State Bird: Greater Flamingo
  • State Animal: Asiatic Lion

Global Summit on ‘Spirituality for Clean and Healthy Society’

  • President Droupadi Murmu attended the Global Summit on ‘Spirituality for Clean and Healthy Society’ organised by the Prajapita Brahma Kumaris at Mount Abu, Rajasthan, on October 4, 2024.

Important Articles related to President

  • Article 52: The president of India
  • Article 61: Impeachment procedure of President
  • Article 123: Power to promulgate ordinances
  • Article 143: Power to Consult to Supreme Court

Special Tribunal at Talcher, Odisha

  • The Cabinet approved the creation of a Presiding Officer post for a full-time Special Tribunal at Talcher, Odisha, under the Coal Bearing Areas Act, 1957, on October 3, 2024.

International

First diagnostic test for Mpox disease

  • The World Health Organization has approved the first diagnostic test for Mpox disease.

About mpox

  • Discovered: 1958
  • First human case reported  was a nine-month-old boy in the Democratic Republic of the Congo, in 1970.
  • Type: DNA virus
  • Caused by: monkeypox virus
  • Symptoms: Rash, fever, exhaustion, swollen lymph nodes, muscle aches, sore throat

Economy and Banking

India’s Foreign Exchange Reserves

  • According to RBI data, India’s foreign exchange reserves have surpassed the USD 700 billion mark for the first time, after China, Japan, and Switzerland.

India Forex Reserves Includes:

  • Foreign Currency Assets
  • Special Drawing Rights
  • Gold reserves
  • Reserve position with the International Monetary Fund (IMF)

HDFC Bank

  • HDFC Bank has originated India's largest securitization pool of Rs 9,063 crore, rated AAA by India Ratings.

About HDFC Bank

  • Estb: 1994
  • HQ: Mumbai
  • CEO: Sashidhar Jagdishan
  • First private bank to open a branch at Kavaratti Island in Lakshadweep.
  • Domestic systemically important bank

Power Finance Corporation

  • Power Finance Corporation (PFC), a Maharatna company has successfully closed the largest-ever foreign currency term loan from an Indian PSU, totaling USD 1.265 billion.

About PFC

Founded: July 1986 HQ: New Delhi CMD: Parminder Chopra

Development projects worth over Rs 56,000 crore in Maharashtra

  • PM Narendra Modi will inaugurate Mumbai's first fully underground metro line, the Colaba-Bandra-SEEPZ Line 3, and launch development initiatives worth over Rs 56,000 crore in Maharashtra.

About Maharashtra

  • Foundation Day: May 1st, 1960
  • Highest Peak: Kalsubai
  • Longest River: Godavari
  • Governor: C. P. Radhakrishnan
  • Origin of Krishna River from Mahabaleshwar
  • Bhima river originates from Bhimashankar

Asia Index Pvt Ltd. Launched 3 Indices

  • BSE's subsidiary, Asia Index Pvt Ltd, launched three indices: BSE Sensex Sixty 65:35, BSE Sensex Sixty, and BSE Power and Energy Index.

BSE

BSE is India's largest stock exchange and Asia's oldest.  Sensex: Free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange.

MoU between Department of Posts and Amazon

  • The Department of Posts (DoP) and Amazon Seller Services signed an Memorandum of Understanding (MoU) to strengthen logistics and e-commerce in India.

Environment and Biodiversity

Ecomark Rules

  • In line with the'LiFE' (Lifestyle for Environment)  Mission, the Ministry of Environment notified new Ecomark Rules on September 26, 2024, replacing the 1991 Ecomark scheme.
'LiFE' (Lifestyle for Environment)  Mission launched in 2021.

MoU between ICMR and NVVN

  • In a landmark agreement to boost sustainable energy in India's healthcare sector, the Indian Council of Medical Research (ICMR) signed an MoU with NTPC Vidyut Vyapar Nigam (NVVN) to harness solar power for ICMR institutes.

About ICMR

  • Estb: 1911
  • HQ: New Delhi
  • Renamed to ICMR in 1949
  • Parent Organisation: Ministry of Health and Family Welfare

Sports

ISSF Junior World Championship 2024

  • Mukesh Nelavalli, Raajwardan Patil, and Harsimar Singh Rattha won the men's 25m rapid-fire pistol team event at the ISSF Junior World Championship in Peru.
  • India remained at the top of the medal tally with a total of 16 medals, which included one silver and four bronze.

About ISSF

Founded: 1907 HQ: Munich, Germany Presidents: Luciano Rossi

Appointments

Aviral Jain

  • The Reserve Bank of India (RBI) has appointed Aviral Jain as the new Executive Director, effective from October 1, 2024.

RBI

  • Recommendation: Hilton Young Commission (1926)
  • Statutory basis: RBI Act, 1934
  • Estb: 1st April, 1935 
  • HQ: Mumbai
  • Nationalised: 1949 
  • First Governor: Osborne Smith  
  • First Indian Governor: C.D. Deshmukh  
  • Current Governor: Shaktikanta Das

Awards and Honours

MIDORI Prize for Biodiversity 2024

  • Vera Voronova from Kazakhstan and Ysabel Agustina Calderón Carlos from Peru have been awarded the MIDORI Prize for Biodiversity 2024 for their exceptional contributions to conservation and sustainability.

 Pandit Deen Dayal Upadhyay Samman for 2024-25

  • The UP government will award the 'Pandit Deen Dayal Upadhyay Samman' for 2024-25 to honour outstanding contributions to the Silk Industry, with awards in eight categories and cash prizes.
  • Additionally, a 'Resham Mitra' magazine and portal will be launched to support the industry.

Person in News

Shyamji Krishna Varma

  • PM Narendra Modi paid tribute to freedom fighter Shyamji Krishna Varma on his birth anniversary, October 4th.

About Shyamji Krishna Varma

  • Born: 4 October 1857 
  • Died: 30 March 1930  
  • Organisations founded: India House, Indian Home Rule Society

Important Days

World Teachers Day

  • World Teachers' Day is held annually on 5 October to celebrate all teachers around the globe.
  • Theme: “Valuing Teacher Voices: Towards a New Social Contract for Education”. 

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