19th October 2023 Daily Current Affairs

National & International Organizations

1. India’s rank on Global Pension Index falls to 45 out of 47 countries

  • India dropped from the 41st position out of 44 countries in the 2022 Global Pension Index to the 45th spot out of 47 countries in 2023.
  • India’s retirement system has improved to some extent from 2022, according to Mercer CFA Institute Global Pension Index (MCGPI) survey 2023.
  • The Netherlands had the highest overall index value (85.0), closely followed by Iceland (83.5) and Denmark (81.3). Argentina had the lowest index value (42.3).

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National Affairs

2. PM to launch India’s first Regional Rapid Transit System (RRTS)

  • Prime Minister Narendra Modi inaugurated the priority section of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Corridor. 
  • This historic event takes place at the Sahibabad RapidX Station in Uttar Pradesh
  • Key Highlights
  • The priority section spans 17 kilometers, connecting Sahibabad to ‘Duhai Depot’ and includes stations at Ghaziabad, Guldhar, and Duhai.
  • The average speed of RAPIDX trains on the RRTS will be 100 kmph, surpassing metro trains.

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3. V. Muraleedharan engages with Indian Community in Oman

  • MoS for External Affairs and Parliamentary Affairs V. Muraleedharan will pay his third official visit to the Sultanate of Oman on 18-19 October 2023.
  • During the visit, he will hold high-level discussions with the Omani leadership and dignitaries.
  • He will also inaugurate the painting exhibition, “India on Canvas: Masterpieces of Modern Indian Painting” which is a collection of specially curated 20 works of art from the collection of National Gallery of Modern Art

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4. Indian Army wins gold medal in Cambrian Patrol 2023 military

  • The Indian Army won a gold medal at the Cambrian Patrol Exercise 2023 held in the UK while competing against 96 teams representing special forces and regiments from around the world.
  • The 4/5 Gorkha Rifles (Frontier Force) represented the Indian Army at the drill held at Brecon, Wales, during October 13-15.
  • The Cambrian Patrol Exercise is considered the ultimate test of human endurance and team spirit and is considered the “Olympics of military patrolling”.

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 State Affairs

5. Minister Rajeev Chandrasekhar to inaugurate project “Heartland Tripura”

  • Union Minister of State for Skill Development  Rajeev Chandrasekhar inaugurated the project “Heartland Tripura,” a skill development initiative in collaboration with Deloitte in Agartala
  • Aim: To provide skill development and employment opportunities to undergraduate students in engineering and non-engineering disciplines.
  • This project will deliver a specific set of skill development certification courses through NIELIT-Agartala for the state.

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Banking & Finance

6. RBI imposes monetary penalty on four co-operative banks & 1 HFC

  • The Reserve Bank of India has imposed monetary penalties on four co-operative banks and one housing finance company (HFC).
  • The RBI imposed:
  1. Rs 4.50 lakh on Gujarat Mercantile Co-operative Bank
  2. Rs 2 lakh each on Makarpura Industrial Estate Co-operative Bank and Nagarik Sahakari Bank
  3. Rs 50,000 on The Sevalia Urban Co-operative Bank
  4. Rs 1.70 lakh on West End Housing Finance
  • The housing finance company that faced RBI action is West End Housing Finance.

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Banking & Finance

7. RBI Fines ICICI Bank And Kotak Mahindra Bank For Regulatory Violations

  • The RBI imposed a penalty of Rs 3.95 crore on Kotak Mahindra Bank and Rs 12.19 crore on ICICI Bank for non-compliance with a few regulatory norms.
  • Kotak Mahindra Bank was penalized for failing to conduct an annual review or due diligence of its service provider and for violation of contact hours with customers.
  • ICICI Bank, on the other hand, was penalized for committing loans to companies, the bank also engaged in marketing and selling non-financial products

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National & International Organizations

8. Global Remote Work Index, India among world’s worst countries

  • India has been ranked 64th out of 108 countries for remote work, marking a significant drop of 15 places compared to the 2022
  • The top 10 countries are Denmark, Netherlands, Germany, Spain, Sweden, Portugal, Estonia, Lithuania, Ireland, and Slovakia.
  • The Global Remote Work Index (GRWI), published by cybersecurity firm NordLayer, assessed countries based on four key criteria: cyber safety, economic safety, digital and physical infrastructure, and social safety.

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National & International Appointments

9. Arindam Bagchi Appointed as India’s Ambassador to UN in Geneva

  • The Ministry of External Affairs announced the appointment of career diplomat Arindam Bagchi as India’s next permanent representative to the United Nations and related global bodies in Geneva.
  • Bagchi would be succeeding Indra Mani Pandey, the incumbent Indian envoy to the UN in Geneva.
  • He is an Indian Foreign Service officer of the 1955-batch.
  • He was given the key charge of MEA spokesperson in March 2020, at a time when the world was facing the COVID-19 pandemic.

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Banking & Finance

10. Sberbank becomes first Russian bank to register with Sebi as FPI

  • Sberbank of Russia has become the first Russian bank to register with the Indian markets regulator as a foreign portfolio investor (FPI), according to data available on the website of National Stock Depository (NSDL).
  • Sberbank of Russia, a state-owned bank which already has a presence in India, registered with the Indian markets regulator for a Category I FPI licence.
  • FPIs with category I licence have to follow less lenient beneficial ownership disclosures.

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 18th October 2023 Daily Current Affairs

JKPSC More Selection Lists – Check It

Government Polytechnic Jammu Recruitment

JKPSC Written Exam Deferred for Gazetted/Faculty posts till further notice

215 Posts Various Job Recruitment in CISF

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