1st November 2023 Daily Current Affairs

Banking & Finance

The central government’s fiscal deficit touched 39.3 per cent of the full-year target in the first half of the FY 23 slightly higher than 37.3 per cent recorded in the 2022
The fiscal deficit, or the gap between expenditure and revenue, worked out at ₹ 7.02 lakh crore at the end of Sept, as per data released by the Controller General of Accounts.
In the Union Budget, the government projected to bring down the fiscal deficit to 5.9 per cent of the GDP in the 23-24FY

Schemes

PM Narendra Modi launched ‘Mera Yuva Bharat (MY Bharat)’ platform for the youth of the country on October 31st, at Kartavya Path on National Unity Day.
THE VISION:
‘Mera Yuva Bharat (MY Bharat)’ is envisioned as a pivotal, technology-driven facilitator for youth development and youth-led development, with the overarching goal to provide equitable opportunities to contribute to the creation of a “Viksit Bharat”.

Summits & Conferences

Union Minister of State for Skill Development Rajeev Chandrasekhar participated in the “AI Safety Summit 2023” that is scheduled to be held in United Kingdom on November 1-2, 2023.
It will bring together Ministers and representatives from various countries, including the UK, Australia, Canada, France among others.
Aim: To enhance the lives of its citizens while emphasizing the importance of effectively addressing user harm and mitigating risks.

Honours & Awards

Vihaan Talya Vikas from Bengaluru was awarded the best photographer in his category at the prestigious Wildlife Photographer of the Year competition held in London.
Organized by the Natural History Museum, London, the competition showcases the finest wildlife photography from around the world.
The event is also considered the ‘Oscars of Photography’.
His photo of a spider along with Krishna’s carving clicked on the outskirts of the city and helped him bag the award

Sports

Saudi Arabia was the only football association to present a bid to host the 2034 FIFA World Cup before the deadline closed, soccer’s global governing body FIFA confirmed.
FIFA had invited bids from Asia and Oceania for the tournament and Saudi Arabia announced it would bid only minutes after the announcement
It also confirmed that the sole confirmation of interest in hosting the 2030 World Cup came from Morocco, Portugal, Spain and Uruguay, hosting celebratory games

Honours & Awards

The 2nd Rohini Nayyar Prize 2023 for outstanding contribution to rural development was presented to Deenanath Rajput, an engineer-turned-social worker, for his work on empowering tribal women in Bastar, Chhattisgarh.
The prize was presented in memory of late economist-administrator Rohini Nayyar.
It came with a trophy and cash prize of Rs 10 lakh.
His work has included providing agricultural extension services to farmers and building cold storage infrastructure.

Defense

The Number 4 Squadron (Oorials) of the Indian Air Force (IAF) based at Air Force Station Uttarlai (Barmer) is converting from the MiG-21 to the Su-30 MKI.
The MiG-21 was the first supersonic fighter in service of the IAF and was inducted in 1963.
The conversion of this squadron to Su-30 MKI implies that the IAF now operates only two squadrons of the MiG-21. The IAF remains committed to phasing out the MiG-21 aircraft by the year 2025.

Important Dates

World Vegan Day is celebrated every year on November 1 to promote the environmental and health impacts of the vegan diet.
The theme of ‘World Vegan Day 2023′ is ”Celebrating for a Good Cause’.
Aim: To spread awareness among people about the advantages of a vegan diet on health and well-being.
A vegan diet consists of eliminating all animal products, including meat, eggs, poultry, and other items derived from animals.

National & International Organizations

Nokia has teamed up with broadband provider Tata Play Fiber to roll out India’s first WiFi6-ready broadband network.
As part of the deal, the Finnish gear maker will provide Tata Play Fiber with a variety of fiber-to-the-home (FTTH) and WiFi equipment, including optical line terminal (OLT) and optical network terminal (ONT) with WiFi6.
The partnership with Nokia allows us to bring Wi-Fi6-ready network to our customers – which is a first in the category.

Defense

India and Singapore decided to further boost interaction between their armed forces as well as cooperation in military technologies and industries.
The two countries have also inked an implementing agreement on submarine rescue support between their navies.
India is fortunate to have a defence partner like Singapore.
The interaction will benefit both countries on many bilateral issues that are being pursued to further strengthen our special relationship.