31st October 2023 Daily Current Affairs

International Affairs

1. Norway To Support India’s ‘Hunger Project’ In Uttarakhand

  • Norway will help fund India’s ‘Hunger Project’ and help strengthen women leaders to protect the environment and promote food security in Uttarakhand.
  • Aim: To strengthen elected women’s leadership in gram panchayats so that they can play a pivotal role in conserving forests and natural resources and adopt strategies.
  • Objective: To promote sustainable living, and food security and collaborate with members of van panchayats and the local community, especially women.

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Important Dates

2. National Unity Day is observed on 31st October 2023

  • The birth anniversary of Sardar Vallabhbhai Patel, the first home minister of Independent India, is celebrated as National Unity Day or Rashtriya Ekta Diwas on October 31
  • Aim:  To maintain the integrity and unity of the Indian nation.
  • Vallabhbhai Jhaverbhai Patel also dubbed as ‘Sardar Patel’ was born on October 31, 1875, into a landowning family of the Leva Patidar caste. He earned the title “Iron Man of India.”

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 National & International Appointments

3. Katrina Kaif joins Rado as its newest global brand ambassador

  • Bollywood actress Katrina Kaif has become the global face of the Swiss watchmaking brand, Rado.
  • Rado released the new Centrix models marking the partnership and onboarding of its new global brand ambassador.
  • Centrix was first launched in 2010, the model took cues from the sand dunes.
  • The partnership between the two transpired in which Katrina Kaif personifies confidence and grace, while walking out in a desert landscape with a Rado Centrix donning her wrist.

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Banking & Finance

4. IndusInd Bank announces strategic collaboration with Viamericas

  • IndusInd Bank announced a strategic collaboration with Viamericas Corporation to offer digital inward remittance services to NRIs in the USA through IndusInd Bank ‘Indus Fast Remit’, a remittance service platform
  • Aim: To enable NRIs to benefit from highly competitive exchange rates for digital inward remittances to India
  • Objective: To allow NRIs to book remittance transactions through auto debit payment mode as well as transfer funds through the overseas Bank account

Read Full News >> National & International Organizations

5. BigBasket tops Fairwork index 2023 for gig workers

  • Tata-owned Big Basket scored the overall highest score of 6 out of 10 points according to research firm Fairwork India 2023.
  • Big Basket, BluSmart, Zomato, Urban Company, and Swiggy scored the highest points in the Fairwork India Report 2023.
  • Fairwork assessed platforms against five principles: fair pay, fair conditions, fair contracts, fair management, and fair representation
  • Ride-hailing majors Uber and Ola, along with Porter, are the worst platforms for gig workers

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6. Tejas of Maharashtra sets new Games record in Men’s 110M Hurdles

  • Tejas Ashok Shirse of Maharashtra achieved an incredible feat, setting a new National Games record in Men’s 110M hurdles by finishing it in 13.80 minutes.
  •  Priyanka Goswami of Uttar Pradesh has also set a new National Games record in the women’s 20km Race Walk with an impressive time of 1:36:35.
  • Gold medal of Women’s 3M Springboard bagged by Palak Sharma of Madhya Pradesh and that of Men’s won by H London Singh of Services.

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7. Indian Navy Launches 25T Bollard Pull Tug ‘MAHABALI’ In Gujarat

  • ‘Mahabali’ will play a vital role in towing, berthing, and salvage operations, enhancing the Navy’s operational efficiency.
  • This addition underscores the Indian Navy’s commitment to modernization and its role in securing the nation’s maritime interests.
  • Navy continues to invest in advanced technology to maintain its superiority in the Indian Ocean Region.

Read Full News >> Honours & Awards

8. Nita Ambani Receives USISPF Global Leadership Award

  • The US-India Strategic Partnership Forum (USISPF) felicitated Nita Ambani, with the 2023 Global Leadership Award for Philanthropy and Corporate Social Responsibility.
  • She is a businesswoman, has impacted millions of lives in India through Reliance Foundation’s initiatives in education, arts, sports, and healthcare.
  • She champions women’s and children’s causes, contributing significantly to bridging the gender divide and enhancing women’s roles in India’s economy

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Banking & Finance

9. Fincare SFB to merge with AU Small Finance Bank

  • Fincare Small Finance Bank (Fincare SFB) is set to merge with AU Small Finance Bank (AU SFB) in 2024. 
  • AU SFB announced its approval of the amalgamation.
  • As per the terms of the merger, shareholders of Fincare SFB will receive 579 shares in AU SFB for every 2,000 shares they hold in Fincare SFB.
  • Following the transaction, it is expected that existing shareholders of Fincare SFB will maintain approximately 9.9% ownership in AU SFB.

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Arts & Culture

10. Manipur celebrates Mera Houchongba 2023

  • Manipur Chief Minister N Biren Singh sent a powerful message of unity and harmony as he participated in the Mera Houchongba 2023 celebrations in Imphal.
  • Aim: To bring together the diverse communities of the state, emphasizing the strong bond between the people of the hills and the valley.
  • About Mera Hounchongba
  • The festival is observed and celebrated during the month of ‘Mera,’ which typically falls in September or October.

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