6th October 2023 Daily Current Affair

Sports

1. ICC names Sachin Tendulkar as ‘Global Ambassador’ for ODI World Cup 2023

• The International Cricket Council named legendary cricketer Sachin Tendulkar as the ‘Global Ambassador’ for the Cricket World Cup 2023.
• Sachin, who has participated in a record six 50-over World Cups, will unveil the World Cup trophy before the inaugural match between England and New Zealand, thereby officially opening the tournament.
• The ICC Men’s Cricket World Cup 2023 will commence on October 5, with England and New Zealand at the Narendra Modi Stadium in Ahmedabad

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State Affairs

2. Madhya Pradesh announces 35 % reservation for women in govt jobs

• CM Shivraj Singh Chouhan of the Madhya Pradesh government issued a notification for providing 35 percent reservation for women in recruitment, barring the forest department.
• Madhya Pradesh was the first state to introduce 50 percent reservation for women in elections to panchayats and urban bodies.
•  It also has a 30 percent reservation for women in the police.
• The state also offers concessional tariffs for registry of property in case it is in a woman’s name.

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3. Rajnath Singh launched Navy’s updated indigenous programme Swavalamban 2.0

• Raksha Mantri Rajnath Singh launched the Navy’s updated indigenous programme Swavalamban 2.0 at the Indian Navy’s Naval Innovation and Indigenisation Organisation seminar in New Delhi.

Highlights of the event:

• The release of the fifth Positive Indigenisation List of the Department of Military Affairs comprising 98 items.
• He launched 76 challenges for the industry under 10th Defence India Start-up Challenges  & DISC 10 PRIME of Innovations for Defence Excellence.

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4. HAL hands over twin seater variant of LCA Tejas fighter aircraft to IAF

• Hindustan Aeronautics Limited, HAL handed over the twin-seater variant of LCA Tejas fighter aircraft to Indian Air Force in Bengaluru.
• Aim: To join India in the list of a very few elite countries who have created such capability and have them operational in their defence forces.
• LCA Tejas twin seater is a light weight all weather, multi-role 4.5 generation aircraft. 
• The aircraft developed indigenously has static stability, qudraplex fly by wire flight control.

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Agreement

5. India and UAE Sign MoU to Boost Investment and Collaboration in Industry

• India and the United Arab Emirates signed a MoU in Abu Dhabi to collaborate efforts in areas such as supply chain resilience, clean energy technology, healthcare, space, Industry 4.0, and industrial standards.
• Aim: To facilitate industrial investments, technology transfer, and the implementation of key innovations across various industries.
• Goal: To yield mutual benefits, as both nations strive for joint industrial and technological advancements.

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Banking & Finance

6. RBI revealed its fourth bi-monthly Monetary Policy

• RBI Governor Shaktikanta Das will unveil the Bi-Monthly meeting of fourth monetary policy of the financial year 2023-24 in Mumbai.
• Currently Repo rate is at 6.5 percent, Reverse Repo at 3.35 percent and Bank rate is at 6.75 percent. 
• RBI has projected real GDP growth for 2023-24 at 6.5 per cent.
• Goal: To control inflation and to safeguard India’s economic growth.
• RBI seeks to strike a fine balance between maintaining growth and keeping inflation under control.

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7. IDFC FIRST Bank and Outlook Group present “Outlook Money 40After40

• Outlook Group announces the launch of its highly anticipated retirement planning event, “40After40”, in association with IDFC FIRST Bank.
• Aim: To provide invaluable insights and expert guidance to individuals, helping them make informed decisions to secure a prosperous retirement.
• It’s a one-stop shop for all conversations around timely retirement, panel discussions, chats, masterclasses, interactions with planners, product presentations etc.

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 Honours & Awards

8. Prof. Dr Joyeeta Gupta receives Spinoza Prize in field of climate change

• Indian-origin professor Dr Joyeeta Gupta has received the Spinoza Prize, the highest distinction in Dutch science for her work in the field of climate change at a ceremony in the Netherlands.
• The prize was presented to her by the Netherlands’ Minister for Education, Science, and Culture, Robert Dijkgraaf at The Hague.
• She is a Dutch environmental scientist who is professor of Environment and Development in the Global South at the University of Amsterdam.

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Agreement

9. India and UAE launched UAE’s payment card scheme based on RuPay card

• India and UAE signed a strategic partnership agreement between National Payments Corporation of India (NPCI) and Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE for Domestic Card Scheme Implementation in UAE. 
• As per the agreement, NPCI and AEP will work together to build, implement, and operationalize UAE’s national domestic card scheme modelled on India’s RuPay card.
• Aim: To expand the bilateral trade to make it 100 billion dollar.

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Banking & Finance

10. RBI forms external working group on expected credit loss framework

• The Reserve Bank of India (RBI) has taken a significant step by forming an external working group (WG) to address the expected credit loss (ECL) framework for loan loss provisioning. 
• Aim: To gather independent insights into the intricacies of this substantial shift in the banking sector.
• It was led by R. Narayanaswamy and consists of eight experts, with representation from six banks and one member each from KPMG and the Indian School of Business, Hyderabad.

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Honours & Awards

11. Norwegian author Jon Fosse wins Nobel Prize 2023 in Literature

• Norwegian author Jon Fosse has been awarded the 2023 Nobel Prize in Literature for his innovative plays and prose which give voice to the unsayable.
• He is today one of the most widely performed playwrights in the world and has become increasingly recognized for his prose.
• The human condition is the central theme of Fosse’s body of work, irrespective of genre.
• He has now joined an illustrious list of past winners that ranges from Toni Morrison to Ernest Hemingway.

Read Full News >>Banking & Finance

12. SBI launches Mobile Handheld Device to enhance accessibility to customers

• State Bank of India launched a Mobile Handheld Device to enhance accessibility and convenience in availing banking services to the customers.
• Objective: To provide cash withdrawal, cash deposit, fund transfer, balance inquiry and mini statement at doorsteps of customers.
• Aim: To benefit customers who face challenges in accessing Bank Branch or Customer Service Point outlets due to health issues, Senior citizens and Divyangjans.

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