07th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

07 October 2021
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7th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 7th October October 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 14 Daily GK Updates: National & International News

Here is providing below the top 14 important Daily General Knowledge GK 2021 updates with national & international news.

National News

1. Centre approves setting up 7 PM MITRA Parks in 5 years

• The Centre has approved the setting up of seven new mega textile parks, or PM MITRA parks across the country in an effort to help furthering the growth of the textile sector in the economy and position India strongly on the Global textiles map.
• The Mega Integrated Textile Region and Apparel Parks (PM MITRA) will be based on the 5F vision of the Hon’ble Prime Minister. The ‘5F’ Formula consists of Farm to fibre; fibre to factory; factory to fashion; fashion to foreign.
• These parks will be set up at Greenfield and Brownfield sites in different States by a Special Purpose Vehicle which will be owned by the State Government and Government of India in a Public-Private Partnership (PPP) Mode. The total outlay for the project has been set at Rs 4,445 crore for five years.

State News

2. Andhra government launched 'Swechha' programme

• Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has launched the 'Swechha' program to tackle the stigma attached to menstruation, prioritize female personal hygiene, and encourage a healthy dialogue of information.
• ‘Swechha’ (meaning freedom) is intended to ensure affordable access to health and menstrual hygiene in adolescent girls and women.
• The state government will provide good quality branded sanitary napkins to female students at government educational institutions free of cost.
• Ten sanitary napkins will be given every month to about 10 lakh adolescent girls studying from 7th-12th grades in all government schools and intermediate colleges across the state at a financial outlay of INR 32 crores.
• A total of 120 napkins per year is allotted to every female student, even during summer vacations, the students will be supplied with their quota before they leave school.

Important takeaways 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

• Assam Minister for Fisheries, Environment and Forest and Excise, Parimal Suklabaidya launched an App Fishwaale, India's first e-fish market. Table size fish such as bhangon, mrigal and rohu and freshwater and seawater frozen fish (icebox) will be available coupled with dry fish packets, dry fish raw, fish pickles and processed fish products.
• Developed by Aqua Blue Global Aquaculture Solutions Pvt. Ltd. in collaboration with the fisheries department at a function held at Sri Madhabdev Bhawan auditorium, the minister called the app “a one-stop solution for aquaculture” that will help both the buyers and sellers.
• This platform will help the fish farming community get a reasonable price for their produce and lead to the elimination of middlemen.

Important takeaways for all competitive exams:

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

Economy News

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

• Rating agency Moody’s Investors Service has upgraded India’s sovereign rating outlook to ‘stable’ from ‘negative’, on October 05, 2021, following an improvement in the financial sector and faster-than-expected economic recovery across sectors.
• Moody’s expects real GDP growth to average around 6 per cent over the medium term, reflecting a rebound in activity to levels at potential as conditions normalise.
• While it retained India’s rating at Baa3, reflecting the lowest investment grade rating, Moody’s said it expects real GDP to surpass pre-pandemic levels of 2019-20 this year itself, as the ongoing economic recovery is picking up steam with activity upticks broadening across sectors.
• It expects 2021-22 to record 9.3% growth in GDP, followed by 7.9% next year.

Banking News

5. Kotak Bank gets approval from the government to collect direct, indirect taxes

• Kotak Mahindra Bank Ltd (KMBL) has received approval from the government for the collection of direct & indirect taxes, such as income tax, Goods and Services Tax (GST) etc, through its banking network.
• With this, the bank becomes the first scheduled private sector bank to receive approval after the announcement by Finance Minister Nirmala Sitharaman allowing all banks to participate in the government-related business.
• After technical integration, KMBL customers will be able to pay their direct and indirect taxes straight from KMBL's mobile banking or net banking platforms as well as through KMBL's branch banking network, resulting in immense ease and convenience for customers.

Important takeaways 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 under Sarfaesi Act

• The Reserve Bank of India (RBI) has granted the National Asset Reconstruction Company (NARCL) the licence to register as an asset reconstruction company (ARC). The Licence is given under 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, a company can carry the business of asset reconstruction only after obtaining a certificate of registration from RBI and, having the owned fund of not less than Rs 2 crore or such other amount not exceeding 15% of total financial assets acquired or to be acquired by the securitisation company or reconstruction company.
• The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in NARCL.

Important takeaways for all competitive exams:

• RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Business News

7. BharatPe launches 'buy now, pay later' platform, postpe

• Fintech company BharatPe, announced its entry into the ‘Buy Now Pay Later’ (BNPL) category with the launch of ‘postpe’. The new platform provides credit to customers to buy now, but pay later from anywhere.
• Customers using the postpe platform can download the app from Play Store and avail interest-free credit limit of up to Rs 10 lakh. The company said that postpe is not only limited to big-ticket purchases but can also be used for micro-purchases, making it the first of its kind.
• BharatPe stated that it aims to facilitate a loan book of $300 million on postpe in the first 12 months for its lending partners. The fintech company added that customers can shop across offline as well as online and repay easily through EMIs.
• All a customer has to do is scan the QR code through the postpe app and pay using credit. Users can also pay through a postpe card that will be accepted across millions of offline as well as e-commerce platforms. Cashbacks and rewards are also on offer.

Important takeaways 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 announced

• The Nobel Prize in Literature 2021 was awarded to Abdulrazak Gurnah born in Zanzibar and active 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 in the UK and Nigeria. He writes in English, and his most famous novel is Paradise, which was shortlisted for the Booker prize in 1994.
• Gurnah currently lives in the UK and taught English Literature at the University of Kent. Until recently, he was Professor of English and Postcolonial Literatures at the University of Kent, Canterbury and has published ten novels and a number of short stories.

Sports News

9. Germany unveils Euro 2024 championship logo

• Germany has unveiled the logo for soccer’s 2024 European Championship during a ceremony with a light show in the stadium that will hold the final.
• The logo features an outline of the Henri Delaunay Cup — the bulbous tournament trophy — set on a coloured oval outline that resembles the Olympiastadion’s roof.
• It features colours from the flags of UEFA’s 55 member nations, set in 24 slices around the trophy to represent the 24 teams that will ultimately qualify for the tournament in Germany.
• Logos for each of the 10 host cities; Berlin, Cologne, Dortmund, Düsseldorf, Frankfurt, Gelsenkirchen, Hamburg, Leipzig, Munich and Stuttgart were also presented. The tournament is due to be played in June and July 2024 with the match schedule to be confirmed next year.

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

• Young Indian shooter, Aishwary Pratap Singh Tomar smashed the world record in the final to win gold in the men's 50m rifle 3 positions event at the ISSF Junior World Championships in Lima, Peru.
• The youngster then bettered the junior world record in the final with a score of 463.4, finishing nearly seven points ahead of second-placed Frenchman Lucas Kryzs, who won the silver with a score of 456.5. Gavin Barnick of the USA won bronze with a score of 446.6.

Ranks and Reports News

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

• Union Health Minister Mansukh Mandaviya has released UNICEF’s global flagship publication “The State of the World’s Children 2021; On My Mind: promoting, protecting and caring for children’s mental health in New Delhi.
• The report details the significant impact of COVID-19 pandemic on children’s mental health.
• This is very vital to address mental health as an important aspect for creating a healthy society. Mansukh noted that teachers are very important stakeholders for addressing mental health issues along with parents and family.
• UNICEF India Representative Dr Yasmin Ali Haque presented some key findings of the report.
• As per the report, around 14 per cent of 15 to 24-year-olds in India, or 1 in 7 of them, reported often feeling depressed or having little interest in doing things.

Important Days

12. World Cotton Day: 07 October

• World Cotton Day (WCD) is observed globally on 7th October. The international day aims to celebrate the advantages of cotton, ranging from its qualities as a natural fibre to the benefits people obtain from its production, transformation, trade and consumption.
• WCD Day was initiated by the Group of Cotton-4 countries namely Benin, Burkina Faso, Chad and Mali to reflect the importance of cotton as a global commodity.
• The initiative of World Cotton Day was born in 2019, when four cotton producers in sub-Saharan Africa– Benin, Burkina Faso, Chad and Mali, known as the Cotton Four -proposed the World Trade Organization a World Cotton Day celebration on October 7.

Important takeaways 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, best known for his role as ‘Raavan’ in Ramayan, passes away

• Veteran television actor Arvind Trivedi, who is famously known for his iconic role of demon-king Raavan in Ramanand Sagar’s TV serial Ramayan, has passed away. He was 82.
• He was also part of the political field, as an MP from Sabarkatha constituency in Gujarat, and had served the Parliament from 1991-96. He served as the acting chairman of the Central Board of Film Certification (CBFC) from 2002 to 2003.

Miscellaneous News

14. Palghar’s famed Wada Kolam rice gets GI tag

• A variety of rice widely grown in Wada in the Palghar district has been given a ‘Geographical Indication’ tag, which will give it a unique identity as well as wider markets.
• Wada Kolam, also known as Zini or Jhini rice, is a traditional variety grown in the Wada tehsil of Palghar, with the grain being off white in colour.
• Wada Kolam rice commands a price of Rs 60-70 per kg in domestic markets and has a sizeable demand overseas as well. Wada Kolam has been grown in Palghar for years. It is known for its small grain, aroma, taste and for being light for digestion. It is gluten-free. However, it is a low yielding crop.

8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

08 October 2021
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8th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 08th October October 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 17 Daily GK Updates: National & International News

Here is providing below the top 17 important Daily General Knowledge GK 2021 updates with national & international news.

National News

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

• Prime Minister Narendra Modi dedicated 35 Pressure Swing Adsorption (PSA) Oxygen Plants to the nation through video-conferencing, during an event at AIIMS Rishikesh, Uttarakhand.
• These 35 PSA Oxygen Plants have been established under PM CARES, across 35 States and Union Territories. Now all districts of the country will now have commissioned PSA Oxygen Plants.
• As per the data, a total of 1,224 PSA oxygen plants have been funded under the PM-CARES (Prime Minister’s Citizen Assistance and Relief in Emergency Situation) fund across the country till date and of these, more than 1,100 plants have already been commissioned providing an output of over 1,750 MT oxygen per day.

Appointments News

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

• P L Haranadh, an Indian Railway Traffic Service (IRTS) officer of the 1994 batch, has been appointed as the new Chairman of Paradip Port Trust (PPT).
• Haranadh has worked in various capacities, during his 27 years of service, which includes 22 years in the Indian Railways and 5 years in the Ministry of Shipping. Paradip Port Trust (PPT) is the lone major port in Odisha.

Important takeaways for all competitive exams: 

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

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

• E.R. Sheikh has assumed charge as first Director-General of the Ordnance Directorate (Co-ordination and Services). It is the successor organization of the Ordnance Factory Board (OFB).
• He has contributed to the establishment of the modern production line system for the manufacture of small arms ammunition at the Ordnance Factory Varangaon. He led the successful development of the Bi-Modular Charge System for artillery ammunition.

Economy News

4. RBI Monetary Policy: Status Quo on rates

• The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged in the fourth bi-monthly policy meet for the financial year 2021-22 headed by RBI Governor Shaktikanta Das has maintained the status quo. The meeting was held between October (6 to 8). The remaining will take place in December (6 to 8) and February (7 to 9, 2022).

The Marginal Standing Facility (MSF) rate and bank rates remain 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 growth forecast maintained at 9.5%.
• CPI inflation is projected at 5.3% for the current fiscal year.
• Bond purchases under G-SAP stopped.
• Open market operations to continue as needed.
• Internal ombudsman plan for non-bank lenders.
• On-tap special LTRO of 3 years worth Rs 10,000 crore for small businesses extended till Dec 31.
• Framework planned for retail digital payments in offline mode.
• Immediate Payment Service (IMPS) limited upped from Rs 2 lakh to Rs 5 lakh
• No compulsion for banks to park money in variable reverse repo rate (VRRR).

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

• The World Bank has estimated India’s real Gross Domestic Product (GDP) in the current fiscal year 2021-22 to grow by 8.3% in its latest economic update for South Asia.
• India's economy, South Asia's largest, is expected to grow by 8.3 per cent in the fiscal year 2021-22, aided by an increase in public investment and incentives to boost manufacturing,”.
• The World Bank said in its update on South Asia, titled 'Shifting Gears: Digitization and Services-led Development.

6. Fitch cuts India’s FY22 GDP growth forecast to 8.7%

• Fitch Ratings has cut India’s economic growth forecast to 8.7% for the current fiscal but raised GDP growth projection for FY23 to 10%, saying the second COVID-19 wave delayed rather than derail the economic recovery.
• Fitch Ratings said India’s ‘BBB-/Negative’ sovereign rating “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

• Tata Group, the progenitor of the Air India airline, reclaimed it, nearly 60 years after it was nationalised. Tata Sons bid ₹180 billion for the government's 100% stake in Air India.
• The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including 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 founded the airline in October 1932 and it was at that time called Tata Airlines. This marks the return of Air India to Tata fold after 68 years. The government nationalised the airline in 1953. With this, the airline will go back to the Tatas who have a long history with the national carrier.

Ranks and Reports News

8. India slips 6 ranks on Henley Passport Index 2021

• India’s rank has slipped by six places from last year to 90 on the Henley Passport Index 2021, which lists the world’s most travel-friendly passports Japan and Singapore hold the first rank on the passport index.
• The index covers 227 destinations and 199 passports. The index comes at a time when countries are easing travel restrictions for international visitors after almost two years since the outbreak of the COVID-19 pandemic.
• The rankings are based on the survey of the International Air Transport Association (IATA) data. 

Top 5 countries in 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 powerful passports:

• Afghanistan
• Iraq
• Syria
• Pakistan
• Yemen

9. Mukesh Ambani tops Forbes India Rich List 2021

• The Reliance Industries Limited (RIL) Chairman Mukesh Ambani has topped the Forbes India Rich list for 2021, released. The list ranks India’s 100 richest Indians. He has retained his position as the wealthiest Indian for the 14th consecutive year on the Forbes India list, since 2008.
• The tycoon added $4 billion to his net worth in 2021, to bring his total fortune to $92.7 billion. The second spot has been retained by Adani Group Chairman Gautam Adani, with a net worth of $74.8 billion. Tech tycoon Shiv Nadar acquired the third spot with net worth of $31 billion.

Summits and Conferences News

10. Centre organises 'Buddhist Circuit Train FAM Tour and Conference'

• Union Minister of State for Tourism, Ajay Bhatt has flagged off the "Buddhist Circuit Train FAM Tour" from Safdarjung railway station (part of Delhi Suburban Railways).
• Ministry of Tourism in association with the Indian Railway Catering & Tourism Corporation (IRCTC) has organized the Buddhist Circuit Train FAM Tour as part of the Union government’s "Dekho Apna Desh" initiative.
• The tour will cover the visit of prominent Buddhist sites and conferences at Bodhgaya and Varanasi. The event is likely to be attended by around 125 delegates including tour operators, hoteliers, media and officials of the Ministry of Tourism and state governments.

Awards News

11. The Nobel Peace Prize 2021 announced

• The Norwegian Nobel Committee has decided 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 uses freedom of expression to expose abuse of power, use of violence and growing authoritarianism in her native country, the Philippines. Dmitry Muratov has for decades defended freedom of speech in Russia under increasingly challenging conditions.

12. Karnataka Vikas Grameena Bank bags two national awards

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

Important takeaways for all competitive exams: 

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

13. Indian hockey players sweep FIH Stars Awards

• Indian hockey players swept the 2020-21 edition of the FIH Stars Awards, the international hockey federation (FIH) announced.
• The winners were decided based on an online poll conducted from August 23 to September 15 which saw national associations, represented by their respective national captains and coaches, players, media and hockey fans cast their votes.

FIH Stars Awards 2020-21: Winners list

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

Books and Authors

14. A book title "Economist Gandhi" by Jaithirth Rao

• Indian Entrepreneur and writer Jaithirth Rao, popularly known as Jerry Rao, has come out with a 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 company Mphasis. The book examines Mahatma Gandhi’s economic philosophy and his hidden facet personality- thoughts on economics and capitalism. The book has been published by the Penguin Random House India.

Important Days

15. Indian Air Force Day observed on 08 October

• Indian Air Force Day is celebrated every year by the Indian Air Force on the 8th of October. This year Indian Air Force celebrated its 89th anniversary.
• Indian Air Force was officially established on 8 October 1932 by the British Empire as the Royal Indian Air Force.
• The name was changed to Indian Air Force in 1950. The IAF was founded on October 8, 1932, and the force has participated in several crucial wars and landmark missions. It was officially established as an auxiliary air force of the British Empire which honoured India’s aviation service during World War II with the prefix Royal.

Important takeaways for all competitive exams: 

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

16. World Egg Day 2021: 08 October

• World Egg Day is celebrated worldwide on the ‘Second Friday of October’ month each year since 1996. This year’s World Egg Day will take place on Friday 8 October and will mark the 25th anniversary of the event.
• The 2021 celebration will centre around the brilliant versatility of the egg and its multitude of benefits to people at every 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 decided to celebrate the power of the egg on the second Friday in October each year. The day helps to raise awareness of the benefits of eggs and their importance in human nutrition.

17. World Investor Week 2021: October 04-10

• The International Organization of Securities Commissions (IOSCO) is preparing 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 raise awareness about the importance of investor education and protection and highlight the various initiatives of securities regulators in these two critical areas.
• The key messages of the IOSCO WIW campaign in 2021 will be based on two themes: 1) sustainable finance and 2) frauds and scams prevention. The IOSCO WIW campaign continues to gain support among a growing number of jurisdictions, stakeholders and major international organizations.

Important takeaways for all competitive exams: 

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

29th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

29 September 2021
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29th September 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 29th September 2021 covering the following news headlines: World Heart Day, Fumio Kishida, All India Management Association, Parshuram Kund, Swachh Survekshan, Indian Premier League.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 29th September 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 15 Daily GK Updates: National & International News

Here is providing below the top 15 important Daily General Knowledge GK 2021 updates with national & international news.

National News

1. Hardeep Singh Puri launches 7th edition of Swachh Survekshan

• Union Housing and Urban Affairs Minister, Hardeep Singh Puri has launched the 7th edition of Swachh Survekshan 2022. The seventh edition of the annual cleanliness survey in the urban areas, under which district rankings have been introduced for the first time. The voice of senior citizens and young adults will also be given priority.
• This survey will create a level playing field for smaller cities by introducing 2 population categories:-under 15,000 & btw 15,000-25,000. The scope of the survey has been expanded to now cover 100 per cent wards for sampling as compared to 40 per cent in previous years, according to the ministry.
• The Mission is also committed to continuously engage with citizens to improve the quality of public sanitation infrastructure and services. To this end, the ‘Sarvajanik Shauchalay Safai Jan Bhagidari Utsav’ will be facilitated to assess the quality of community and public toilets and capture citizen feedback for process improvement in future.

2. India to bag IAEA external auditor job

• India has been elected as the external auditor to the International Atomic Energy Agency (IAEA), a prestigious institution that promotes peaceful use of nuclear energy, for a period of six years from 2022 to 2027 after beating Germany and the United Kingdom among other counties.
• India's comptroller and auditor general GC Murmu was selected as the external auditor of IAEA and the ministry of external affairs (MEA).
• In the first round of voting for the post, Germany got 36 votes, India 30, the UK eight, Russia 11, Turkey 9, Egypt 20, Republic of Korea 2 and the Philippines 7 votes. The second round boiled down to the race between India and Germany with India managing to beat the European country.

Important takeaways for all competitive exams:

• IAEA Headquarters: Vienna, Austria;
• IAEA Founded: 29 July 1957.

International News

3. Fumio Kishida to become Japan's next PM

• Japan’s former Foreign Minister, Fumio Kishida has won the ruling party’s leadership election, virtually ensuring that he will become the country’s next prime minister.
• Kishida won 257 votes in a runoff to defeat Taro Kono, a popular vaccines minister who previously held the positions of defence and foreign minister.
• The 64-year-old replaces outgoing party leader Prime Minister Yoshihide Suga, who is stepping down after serving only one year since taking office last September.
• Kishida previously served as LDP policy chief and was foreign minister between 2012-17, during which he negotiated accords with Russia and South Korea, with whom Japan’s relations are often frosty.

Important takeaways for all competitive exams:

• Japan Capital: Tokyo;
• Japan Currency: Japanese Yen.

State News

5. GoI starts work to develop ‘Parshuram Kund’ in Arunachal pradesh

• The government of India has started work for the development of ‘Parshuram Kund’, a Hindu pilgrimage site on the Brahmputra plateau in the lower reaches of the Lohit river in Arunachal Pradesh.
• The project costing Rs 37.88 crore was sanctioned under the Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) Scheme of the Ministry of Tourism.
• The ‘National Mission on Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive’ (PRASHAD) is a Central Sector Scheme launched in 2014-15 with complete financial assistance by the Government of India.
• It was targeted to develop tourism infrastructure to harness pilgrimage and heritage tourism destinations for its direct and multiplier effect upon employment generation and economic development.

Important takeaways for all competitive exams:

• Arunachal pradesh CM: Pema Khandu;
• Arunachal Pradesh Governor: B. D. Mishra.

Appointments News

5. CavinKare CMD CK Ranganathan named as new AIMA president

• Chairman & managing director CavinKare Pvt Ltd, CK Ranganathan has been appointed president of All India Management Association (AIMA) for a period of one year till the National Management Convention is held in September 2022.
• He takes over from Harsh Pati Singhania, vice chairman & managing director, JK Paper Ltd. Under his leadership, technology will drive AIMA''s services and the new initiatives would include face recognition tools for admission and recruitment testing services and remotely proctored semester examination for education institutes.
• AIMA is the national apex body of the management profession in India. It works closely with industry, government, academia and students to further the cause of the management profession in India.

6. Aveek Sarkar re-elected as Press Trust of India Chairman

• Aveek Sarkar, the Editor Emeritus and Vice Chairman of the Ananda Bazar Group of Publications, was re-elected Chairman of Press Trust of India (PTI), the country's largest premier news agency.
• Sarkar is a man of varied interests and counts books, food, wine and art among his principal loves. He was captain of the Royal Calcutta Golf Club (RCGC) for 10 years. Sarkar's re-election for a two-year term was ratified by PTI's Board of Directors at their meeting.
• K N Shanth Kumar, Director of The Printers (Mysore) Pvt. Ltd. which brings out Deccan Herald and Kannada language daily Prajavani, was elected as the Vice-Chairman.

Important takeaways for all competitive exams:

• PTI Headquarters location: New Delhi.
• PTI Founded: 27 August 1947.

Banking News

7. RBI imposes 2 cr penalty on RBL Bank for deficiencies in regulatory compliance

• The Reserve Bank of India (RBI) has imposed a penalty of Rs 2 crore on RBL Bank for non-compliance with provisions of the Banking Regulation Act, 1949. RBI said the penalty has been imposed in exercise of powers vested in it under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Act.
• An examination carried out by the RBI showed that the private lender was non-compliant in opening five savings deposit accounts for a cooperative bank.
• The Reserve Bank of India (RBI) also fined the Jammu and Kashmir (J&K) State Co-operative Bank, Srinagar with an Rs 11 lakh penalty for inadequacy in regulatory adherence.
• According to the report, contravention of section 23 read with section 56 of the Banking Regulation Act, 1949 as the J&K State Co-operative Bank had opened branches without getting a prior nod from RBI.

Important takeaways for all competitive exams:

• RBL Bank Founded: August 1943;
• RBL Bank Headquarters: Mumbai;

• RBL Bank MD & CEO: Vishwavir Ahuja.

8. RBI sets WMA Limit for Central Government for at Rs. 50,000 crore

• The Reserve bank of India has set the limit for Ways and Means Advances (WMA) for the second half of the financial year 2021-22 i.e October 2021 to March 2022 at Rs. 50,000 crore.
• The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.
• The Reserve Bank retains the flexibility to revise the limit at any time, in consultation with the Government of India, taking into consideration the prevailing circumstances.

The interest rate on WMA/overdraft will be:

• For WMA: Repo Rate
• For Overdraft: Two per cent above the Repo Rate

Important takeaways for all competitive exams:

• RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Economy News

9. MCA extends the tenure of Company Law Committee by 1 year

• The Ministry of Corporate Affairs (MCA) has once again extended the tenure of the Company Law Committee by one year until September 16, 2022.
• Corporate affairs secretary Rajesh Verma is the present chairperson of the committee. The committee was constituted in 2019 and has a total of 11 members.
• The committee was set up to suggest measures to improve the functioning of the National Company Law Tribunal (NCLT), make recommendations on issues pertaining to the implementation of the Companies Act and Limited Liability Partnership Act. The tenure of the panel was extended in 2020 also, till September 17, 2021.

Important takeaways for all competitive exams:

• Minister of Corporate Affairs: Nirmala Sitharaman.

Sports News

10. Rohit Sharma first to score 1,000 runs against one team in IPL

• Rohit Sharma became the first batter in the Indian Premier League (IPL) history to score 1000 runs against a single team during Mumbai Indians’ (MI) contest against Kolkata Knight Riders (KKR) at the Sheikh Zayed Stadium, Abu Dhabi.
• The 34-year-old achieved the feat in the fourth over of MI’s innings. Rohit now has 1015 runs against KKR at an average of 46.13 and a strike rate of 132.16, including six fifties and one hundred.

11. US beats Europe Won Ryder Cup golf tournament

• The United States has clinched the 2021 Ryder Cup after rookie Collin Morikawa secured the final half-point to get to a 19-9 victory, which is the largest margin of victory in Ryder Cup history since the 28-point format came about.
• It's the first time since 1979 and 1983 that Team USA won back-to-back home Ryder Cups after winning in 2016 at Hazeltine. The Americans lost in 2018 in France and seven of the last 10 Ryder Cups against Europe, so a dominant 2021 victory could change the tide in the rivalry.

12. ICC launches T20 World Cup anthem

• The International Cricket Council has launched the official anthem of the upcoming T20 World Cup along with a campaign film featuring 'avatars' of Indian batting maestro Virat Kohli and West Indies skipper Kieron Pollard.
• The song is composed by Bollywood music director Amit Trivedi, an animated film that features young fans from all over the world engaged in T20I cricket and includes some of the sport's biggest superstars.
• The tournament will begin on October 17 in Oman and UAE, with the final to be played in Dubai on November 14.

Important Days

13. World Heart Day Observed On September 29

• World Heart Day is celebrated on 29 September annually to draw people’s attention to heart illness and the range of associated health issues.
• The day which is celebrated annually creates awareness of Cardiovascular Disease (CVD) including heart disease & stroke and highlights the preventive and control measures.
• The day was created by the World Heart Federation, to raise awareness about cardiovascular disease, including heart disease and stroke. This year, the theme of World Heart Day is “Use Heart to Connect”. 

Important takeaways for all competitive exams:

• World Heart Federation Founded: 2000.
• World Heart Federation Headquarters location: Geneva, Switzerland.
• World Heart Federation Chairman: Rajeev Gupta.

14. International Day of Awareness of Food Loss and Waste

• International Day of Awareness of Food Loss and Waste is celebrated on September 29, since 2020, to promote and implement global efforts to resolve the issue of food wastage.
• The United Nations General Assembly designated 29 September as the International Day of Awareness of Food Loss and Waste in 2019. The theme for 2021 is Stop food loss and waste. For the people. For the planet.
• The main objective of this day is to take steps towards responsible consumption and production as well as zero hunger, along with working towards addressing the problem of climate change through sustainable food habits.

Miscellaneous News

15. Sojat Mehndi and Judima rice wine gets GI tag

• Judima, homemade rice wine from Assam and Sojat Mehndi (Henna) from Rajasthan, has been awarded the geographical indication (GI) tag. A GI tag is awarded to products associated with a specific geographical origin.
• Award of a GI sign not only helps in tracing the origins of products but also helps in confirming authenticity and marketing of indigenous specialities.
• Judima is a local fermented drink made with rice, brewed by the Dimasa community in Assam.
• Sojat Mehendi, originating from Mehendi leaves grown in Sojat, is naturally cultivated using rainwater.