Current Affairs 07th October 2021| Current Affairs News

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Daily Current Affairs PDF of  07th October 2021

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CURRENT AFFAIRS: IMPORTANT DAYS

World Cotton Day- Oct 7

• The World Cotton day is celebrated on 7 October as a global celebration of cotton and its stakeholders, from field to fabric and beyond.
• The theme for World Cotton Day 2021 is “There’s more to cotton than you think”. This year the event will be organised virtually
• The inaugural World Cotton Day was held in Geneva in 2019. The International Cotton Advisory Committee (ICAC) and the World Trade Organization (WTO) established the day.
• At the initiative of the Cotton-4 (Benin, Burkina Faso, Chad and Mali), the World Trade Organisation made the launch of World Cotton Day on 7 October 2019.
• The annual celebration of World Cotton Day provides the opportunity to recognize the importance of cotton as a global commodity grown in over 75 countries across five continents and to highlight its central role in job creation and maintaining economic stability in several least-developed countries.

CURRENT AFFAIRS: NATIONAL NEWS

Piyush Goyal addresses inaugural session of ICRIER’s 13th Annual International G-20 Conference

• Commerce and Industry Minister Piyush Goyal has addressed the Inaugural Session of the ICRIER’s 13th Annual International G-20 Conference.
• The G20 is the international forum that brings together the world’s major economies. Its members account for more than 80 per cent of world GDP, 75 per cent of global trade and 60 per cent of the population of the planet.
• The entire world understands that in this Interconnected and Interdependent World, no one is safe until everyone is safe.
• It is imperative to tackle this pandemic on the one hand, to ensure vaccination for everybody and also serious research on finding a cure for Covid-19.
• AatmaNirbhar Bharat is not about closing India’s doors to engagements with the world but it is actually opening the doors wider. the G20 to play a leadership role for People, Planet and Collective Prosperity.

Government approves setting up of 7 Mega Integrated Textile & Apparel Parks

• The Union Cabinet approved the setting up of seven Mega Integrated Textile Region and Apparel (PM MITRA) Parks with a total outlay of four thousand 445 crore rupees over five years by Textiles Minister Piyush Goyal
• This move is inspired by the Five-F vision of Prime Minister Narendra Modi which is Farm to Fibre to Factory to Fashion to Foreign.
• PM MITRA Park will be developed by a Special Purpose Vehicle which will be owned by State Governments and the Government of India in a Public-Private Partnership Mode. The Master Developer will not only develop the Industrial Park, but also maintain it during the concession period.
• The Union Government will also provide a fund of 300 crore rupees for each PM MITRA Park to incentivize manufacturing units to get established.
• The Cabinet also approved the Productivity Linked Bonus equivalent to 78 days’ wage for eligible non-gazetted Railway employees excluding RPF or RPSF personnel for financial year 2020-21.

Govt to set up 75 Science Technology and Innovation Hubs exclusively for SCs & STs

• Union Minister Jitendra Singh has stated that the government will set up 75 Science Technology and Innovation (STI) Hubs in different parts of the country.
• These hubs will be exclusively for Scheduled Castes (SCs) and Scheduled Tribes (STs) and will not only promote scientific talent, but also contribute to socio-economic development of these communities.
• After a high level review meeting with senior officials of the Department of Science and Technology (DST) in New Delhi.
• In the last two years, 20 STI Hubs have already been established which will directly benefit 20 thousand SC and ST population through various interventions.
• This decision has been taken in tune with Prime Minister Narendra Modi’s vision and resolve to handhold the weaker sections and raise them at par with other sections of society

MoEF&CC launched guidelines for Ecotourism & for Monitoring Dolphins

• The Union Minister Bhupender Yadav, Ministry of Environment, Forest and Climate Change (MoEF&CC) released the ‘Guidelines for sustainable Ecotourism in forest and wildlife areas’ to promote a better understanding of nature and wildlife conservation during the occasion of Gandhi Jayanti (October 2, 2021) and indicating the Iconic Week of Azadi ka Amrit Mahotsav of MoEFCC (4-10th October 2021).
• These will be applicable for sites in forests, wildlife areas and eco-sensitive zones.

Addl.Info:

• He released a field guide for monitoring Ganges and Indus River dolphins, associated aquatic fauna and habitat.
• It is for the first time that a standardized monitoring protocol has been made for synchronised dolphin exercise.
• This exercise will be undertaken in the 8 states of Assam, West Bengal, Bihar, Jharkhand, Uttar Pradesh, Madhya Pradesh, Rajasthan and Punjab.
• This will be an important constituent of “Project Dolphin” which was announced by Prime Minister Narendra Modi on August 15, 2020 to save both river and marine dolphins.
• He has also launched a web portal on the ‘Wetlands of India Portal’, which will act as single-point access to all information relating to wetlands.
• He flagged off a rally on wheels ‘India for Tigers’.
• He flagged off the Tiger rallies from three tiger reserves Navegaon Nagzira tiger reserve- Maharashtra, Biligiri ranganatha temple tiger reserve, Karnataka and Sanjay Dubri Tiger Reserve, Madhya Pradesh.

India’s first vertical lift railway bridge to be completed by March 2022

• The Ministry of Railways announced that the construction work of the new 2.05 km Pamban railway bridge in Mandapam will be completed by March 2022.
• The bridge will connect Rameswaram to the mainland in Tamil Nadu.
• It will be India’s first vertical lift railway bridge over the sea.
• Railway Vikas Nigam Limited (RVNL) is developing the sea bridge with the cost of Rs 250 crore.
• The new bridge has 100 spans of 18.3 meters and one navigational span of 63 meters.
• Prime Minister Narendra Modi laid the foundation stone for the project in March 2019 at Kanyakumari.

Objective of the new bridge

• It will allow the Indian Railways to operate trains at a higher speed with more weight.
• It will also increase traffic between the mainland of Pamban and Rameswaram.
• Note: The proposed new facility will have electro-mechanical controlled systems which will be interlocked with train control systems.

About Railway Vikas Nigam Limited (RVNL)

• Chairman and Managing Director– Pradeep Gaur
• Headquarters- New Delhi
• Founded- 2003

i-Drone: South Asia’s 1st Indian drone to deliver COVID-19 Vaccines launched by Mansukh Mandaviya

• Union Minister Mansukh Laxmanbhai Mandaviya, Ministry of Health and Family Welfare (MoH&FW) launched a delivery model namely ‘ICMR’s Drone Response and Outreach in North East (i-Drone)’.
• This will ensure the reach of life-saving vaccines to everyone. ICMR stands for New Delhi based Indian Council of Medical Research.
• ICMR tested the vaccine delivery capacity of drones in collaboration with Indian Institute of Technology (IIT), Kanpur (Uttar Pradesh) on the basis of which the Ministry of Civil Aviation (MoCA), Directorate General of Civil Aviation (DGCA) and other regulatory authorities have granted permission to fly drones Beyond Visual Line of Sight (BVLoS).
• Indian Drone used for the 1st time in South Asia for Vaccine Delivery

CURRENT AFFAIRS : INTERNATIONAL NEWS

WTO raised 2021 Global Trade Volume Forecast to 10.8% from 8%

• The World Trade Organization (WTO) elevated its global goods trade volume growth to 10.8% in 2021 which is an ascendent revision from 8% forecasted in March 2021.
• For 2022, this growth will slow to 4.7% which still an increase from previous forecast of 4%.
• Global GDP (Gross Domestic Product) will grow 5.3%, up from 5.1% forecasted in March 2021.
• For 2022, Global GDP growth is estimated to 4.1% in 2022, up from 3.8% previously.

About World Trade Organization (WTO):

• Headquarters– Geneva, Switzerland
• Director-General– Ngozi Okonjo-Iweala
• Members– 164 (including India)

India’s 1st, World’s 3rd Ropeway Public Transport Proposed to be Constructed in Varanasi

• India’s 1st and world’s 3rd ropeway for public transport was planned to be constructed in the city of Varanasi, Uttar Pradesh to ease the traffic congestion.
• The ropeway service will cover an aerial distance of ~5 km from Cantt Railway Station (Varanasi Junction, Uttar Pradesh) to Church Square (Godauliya) by 15 minutes.
• On completion of this, Varanasi will become the 1st Indian city and India will become the third country in the world (after Bolivia and Mexico City) to use ropeway services in public transportation.
• WAPCOS Limited, an accredited public sector enterprise under the Union ministry of Jal Shakti has proposed the cost of the ropeway service at Rs 400 crore.

About Uttar Pradesh:

• Governor – Anandiben Patel
• Wildlife Sanctuary – Sohagibarwa Wildlife Sanctuary

CURRENT AFFAIRS: BANKING AND ECONOMY

Bank Of Baroda cuts home loan rate by 25 bps

• Bank of Baroda (BoB) has announced a 25 basis points reduction in its home loan interest rates, with the minimum rate now starting at 6.50 per cent against 6.75 percent
• This special rate, which is effective from October 7, 2021, till December 31, 2021, is available for customers applying for fresh loans and those seeking loan transfer or refinancing their existing loans.
• It has reduced the home loan interest rate with the onset of festive season and to make home buying more affordable for customers.
• Nil processing fee on home loan was already on offer and has been extended till December-end 2021

About BOB:

• Q: Vadodara
• Tagline: India’s International Bank
• CEO: Sanjiv Chadha

SBI extends partnership with TCS for another 5 years

• Tata Consultancy Services (TCS) has announced that its long-standing partnership with State Bank of India (SBI), India’s largest bank, has been extended for another five years as the bank embarks on its next leg of growth based on the three pillars of technology, resilience and people.
• The extended partnership builds on a two-decades-long relationship between the two partners, that began with the implementation of the TCS BaNCS core banking solution in 2001, the largest such transformational program of that era.
• As part of the new contract, TCS will continue to maintain and enhance SBI’s application estate around core banking, trade finance, financial reporting, and financial inclusion with new features and functionality.
• This will support the bank’s ability to launch newer offerings and respond to business and regulatory changes.
• TCS is helping build Bharat Craft – an omnichannel, online B2B e-commerce platform which would serve as a marketplace for MSMEs, jointly driven by SBI and the Government of India.
• TCS collaborated with SBI to plan and execute the simultaneous merger of five associate banks and Bharatiya Mahila Bank.

About SBI:

• Headquarters: Mumbai
• Tagline: With You all the way, Pure Banking Nothing Else, The Nation Ban on us, The Banker to Every Indian
• CEO: Dinesh Kumar Khara

ESAF SFB Launched Current account ‘Supreme’ for NRIs

• ESAF Small Finance Bank (SFB) has launched ‘Supreme’, a Current account for Non-Resident Indians (NRIs).
• The service for NRI’s will be available at 277 branches across Kerala out of the total 550 branches pan India.
• The bank provides an enhanced ATM cash withdrawal limit of Rs 50,000/day, a Point of Sale (POS) transaction limit of Rs 80,000/day and an e-commerce transaction limit of Rs 20,000/day in India.
• It has over 17,940 Non-Resident Savings Bank accounts from 121 countries globally and began offering NRIs savings bank in June 2018 and current accounts in May 2021.
• As of March 31, 2021, the bank’s deposits from NRIs were about Rs 2019.15 crore representing 22.44 percent of the bank’s total deposits.

About Small Finance Bank:

• They are established as public limited companies in the private sector under the Companies Act, 2013 and governed by the provisions of RBI Act, 1934 and Banking Regulation Act, 1949
• There are totally 11 SFBs in India. Shivalik SFB Limited is the recently added SFB, it became the 1st urban cooperative bank (UCB) to be converted into SFB in 2020.

About ESAF Small Finance Bank:

• Commenced Operation -2017
• Headquarters – Thrissur, Kerala
• MD & CEO – Kadambelil Paul Thomas

RBI Superseded Boards of Srei Firms to Start Bankruptcy Proceedings

• The Reserve Bank of India (RBI) superseded the Board of Directors of two Non-Banking Finance Companies (NBFCs) viz, Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), due to governance issues and defaults in meeting their various payment obligations.
• RBI has appointed the former chief general manager of Bank of Baroda (BoB), Rajneesh Sharma as an administrator of SIFL and SEFL.
• The superseding of the board of directors was done by RBI through the exercise of powers conferred under Section 45-IE (1) of the RBI Act, 1934.
• To assist Sharma, RBI has appointed a 3-member advisory committee of R. Subramaniakumar, T.T. Srinivasaraghavan, and Farokh N. Subedar.
• RBI also intends to shortly start the process of resolution of the two NBFCs under the Insolvency and Bankruptcy Rules, 2019.

IREDA inks pact with NEEPCO to assist to develop renewable projects

• Indian Renewable Energy Development Agency (IREDA) entered into a memorandum of understanding (MoU) with North Eastern Electric Power Corporation (NEEPCO) to assist in developing renewable projects and raising funds.
• The MoU was signed by IREDA CMD Pradip Kumar Das and NEEPCO CMD Vinod Kumar Singh.

Objective of the collaboration

• IREDA will take up techno-financial due diligence of renewable energy and energy efficiency and conservation projects for NEEPCO.
• It will also assist NEEPCO in developing an action plan to create and acquire renewable energy projects for the next five years
• The deal helps in achieving the government’s target of reducing carbon emission to 33 per cent by 2030.
• IREDA and NEEPCO will work together to promote further progress on renewable energy development and to address climate change.

Note:

• Earlier, IREDA has signed MoUs with SJVN, NHPC and TANGEDCO.

Additional information

• IREDA and NEEPCO are under the Ministry of New & Renewable Energy and Ministry of Power, respectively.

About IREDA

• Founded- 1987
• Chairman and Managing Director-Pradip Kumar Das
• Headquarters-New Delhi

About NEEPCO

• It stands for North Eastern Electric Power Corporation Limited
• Chairman and Managing Director-Vinod Kumar Singh
• Headquarters-Shillong, Meghalaya
• Founded- 1976

CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION

Ramesh Srinivasan appointed CEO of Netcore Cloud’s India operations

• Netcore Cloud has announced the appointment of Ramesh Srinivasan as the Chief Executive Officer for its India operations.
• Ramesh will bring his rich experience in sales and marketing management to boost Netcore Cloud’s dynamic growth path and prepare for its IPO journey.
• He would lead Sales and marketing, CSM, Partnership & Alliances teams to help drive growth for the company
• Srinivasan brings over 25 years of experience, successfully scaling and accelerating revenue growth for Fortune 500 companies like Microsoft, Tyco, Verizon, Schneider Electric & Oracle.

World Bank’s arm IFC appoints Wendy Werner as India Country Head

• The International Finance Corporation (IFC) has appointed Wendy Werner as the new Country Head for India.
• She will succeed Jun Zhang, who retired recently.
• Her main focus will be on growth and diversification of IFC’s portfolio in India.

About Wendy Werner:

• Before this appointment, she was IFC trade & competitiveness manager for East Asia and the Pacific.

About International Finance Corporation (IFC)-

• It is a member of the World Bank Group
• Founded– 20 July 1956
• Headquarters- Washington DC, United States
• Managing Director- Makhtar Diop

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

AirAsia Claims To Be First Airbus Operator To Start Taxibot Services

• Budget carrier AirAsia India has become the first Airbus operator in the world to start Taxibot services with passengers on board.
• The airline has tied up with KSU Aviation, the exclusive operator of the TaxiBot in India.
• AirAsia India announced the implementation of an Alternate Taxiing Solution, TaxiBot.
• Delhi Airport is the first in the world to Introduce Taxibot – an operationally efficient and environment-friendly advanced taxiing solution – in 2019.

About TaxiBot :

• Taxibot is a semi-robotic towbarless aircraft movement equipment for towing an aircraft from the terminal gate to the take-off point (taxi-out phase) and return it to the gate after landing (taxi-in phase) without utilising the aircraft engines.
• It significantly reduces aircraft fuel usage, emissions and noise levels at airports, and the risk of foreign object and jet blast damage, and operates with a hybrid-electric engine.
• TaxiBot is the latest digital and sustainability initiative from AirAsia India which enables the airline to leverage innovative technological solutions to monitor, predict and deliver operational efficiency.

About AirAsia India :

• CEO: Sunil Bhaskaran
• Founder: Tony Fernandes
• Founded: 28 March 2013
• Headquarters: Bangalore, Karnataka

Russia test-fires Zircon hypersonic missile from nuclear submarine

• On Oct 04, 2021, For the first time, The Russian Defense Ministry announced that Russia successfully test-launched a Tsirkon (Zircon) hypersonic cruise missile from the Severodvinsk nuclear submarine.
• It first test-fired Zircon from the surface, and then launched another missile from a submerged position in the White Sea.
• The missile will be commissioned by the Russian navy in 2022.
• It performed two launches of the Zircon cruise missile at mock targets in the Barents Sea.
• The Zircon missile is capable of flying 9 times the speed of sound and hit targets successfully upto a range of 1,000 kms (620 miles).

About Russia :

• President: Vladimir Putin
• Capital: Moscow
• Currency: Russian ruble

Union Minister Jitendra Singh launched Heli-borne survey technology for groundwater management

• On Oct 05, 2021, Union minister of state Jitendra Singh launched Heli-borne survey technology for groundwater management.

About Heli-borne survey technology :

• Heli-borne survey technology developed by the Centre for Scientific and Industrial Research (CSIR) and the National Geophysical Research Institute (NGRI) Hyderabad, in Jodhpur.
• Heli-borne geophysical mapping technique will provide high-resolution 3D images for sub-surface up to a depth of 500 meters below the ground level.
• Water technologies of CSIR from source finding to water treatment will benefit millions of people across the country and positively contribute to Prime Minister Narendra Modi’s “Har Ghar Nal Se Jal” as well as “doubling farmers income” goals.

Aim of survey technology :

• Mapping potential groundwater sources and its management for providing safe drinking water to millions of people living in the water scarce arid regions of our country.
• Arid and semi-arid regions of Rajasthan, Gujarat, Punjab and Haryana states and signed a Memorandum of Agreement with CSIR-NGRI for executing a very important project High Resolution Aquifer Mapping & Management.
• This is a mega project of 150 crores to be implemented in two phases in collaboration with the Ministry of Jal Shakti as a part of National Aquifer Mapping Project.

Electronic Pension Payment Order gets integrated with Digi Locker

• The Department of Ex-servicemen welfare, Ministry of Defence has integrated the Electronic Pension Payment Order (EPPO) with Digi Locker.
• It was generated by Principal Controller of Defence Accounts (PCDA) Pension, Allahabad in order to enhance ‘Ease of Living’ of Defence Pensioners.
• This will enable all Defence Pensioners to obtain instantly a copy of the latest copy of the PPO from Digi Locker.
• This initiative will create a permanent record of PPO in DigiLocker and at the same time eliminate delays in reaching the PPO.
• According to the PCDA(Pension), Allahabad has been registered as a Service Provider for providing EPPOs of over 23 lakhs Defence Pensioners through DigiLocker platform

About Ministry of Defence :

• Union Minister : Rajnath Singh
• Headquarters: New Delhi
• Founded: 15 August 1947

CURRENT AFFAIRS : BOOKS & AUTHORS

Retired entrepreneur Jerry Rao authors a Book Titled Economist Gandhi: The Roots and the Relevance of the Political Economy of the Mahatma

• A New Book Titled Economist Gandhi: The Roots and the Relevance of the Political Economy of the Mahatma authored by Retired entrepreneur Jerry Rao.
• The book, published by Penguin Random House.

About the Book :

• The Book provides insights into a hidden facet of Gandhi”s personality – his thoughts on economics and capitalism.
• It highlights some of his views on religion, ethics, human nature, education and society & it explains Gandhi”s positive approach towards business.

About Jerry Rao :

• Jaithirth Rao was born on 12 July 1952 in Bangalore, India.
• He was, popularly known as Jerry Rao, is an Indian businessman and entrepreneur.
• He is the founder and former CEO of the software company Mphasis & he is the founder of Value and Budget Housing Corporation.
• He was a founder and director of Home First Finance Company.
• He was also a member of the editorial advisory board of the Swarajya
• He has been the Chairman of India’s National Association of Software and Service Companies – NASSCOM.

Awards & Honours :

• In 2005, the Government of the Indian state of Karnataka honored him with the Rajyotsava Award.

CURRENT AFFAIRS : SPORTS NEWS

Hockey India withdraws from 2022 Commonwealth Games in England, Know details

• India on October 5, 2021, pulled out of the 2022 Birmingham Commonwealth Games’ hockey competition stating the risk of contracting COVID-19 and the discriminatory quarantine rules by the United Kingdom (UK) for travellers coming from India.
• The UK has refused to consider India’s COVID-19 vaccination certificates and imposed a 10-day quarantine on travellers coming from India even if fully vaccinated.
• India has also imposed reciprocal rules on all UK nationals arriving in the country following UK’s discriminatory quarantine rules.

CURRENT AFFAIRS : OBITUARIES

Actor Arvind Trivedi Best Known As Raavan Of Ramayan Passes away

• On Oct 05, 2021, Veteran actor Arvind Trivedi, best known for his iconic role of demon-king Raavan in Ramanand Sagar’s TV serial Ramayan, passed away.
• He was 82.

About Arvind Trivedi :

• Arvind Trivedi was born on 8 November 1938 in Indore now in Madhya Pradesh.
• Trivedi acted in about 300 films including Hindi and Gujarati.
• He is most famous for portraying Ravanan in Ramanand Sagar’s television series Ramayan & also he acted in other TV series like Vikram aur Vetal’ and Vishwamitra.
• He was elected as a Member of Parliament from Sabarkatha constituency as a member of Bharatiya Janata Party from 1991-96.
• He served as the acting chairman of the Central Board of Film Certification (CBFC) from 2002 to 2003.

Awards & Honours :

• Trivedi won seven awards for the best acting in Gujarati films awarded by the Government of Gujarat.

Former bureaucrat & private secretary Shakti Sinha Passes Away

• On Oct 04, 2021, Former bureaucrat and academician who was private secretary to late prime minister Atal Bihari Vajpayee, Shakti Sinha Passed away.
• He was 64.

About Shakti Sinha :

• Shakti Sinha was of the 1979 batch of the Indian Administrative Service and Director of the Nehru Memorial Museum & Library.
• He served as the Principal Secretary (Finance & Power), Government of Delhi, and Chief Secretary, Andaman and Nicobar Islands.
• Sinha worked closely with Vajpayee during 1996-1999 and had written a memoir titled ”Vajpayee: The Years That Changed India”.
• He was a member of the Governing Board of India Foundation.
• He was Director General of the International Buddhist Confederation & Honorary Director, Atal Bihari Vajpayee Institute of Policy Research and International Studies (AIPRIS), S.University of Baroda, Gujarat.

Daily CA On Oct 06 :

• An Indian Parliamentary Delegation led by Lok Sabha speaker Om Birla left for Rome to attend the G20 Parliamentary Speakers Summit.
• 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 Coal Ministry has constituted a panel to review and benchmark the timelines in project execution.
• The Ministry of Power reviewed the existing transmission planning framework based on long-term access (LTA) which resulted in the promulgation of the Electricity (Transmission System Planning, Development and Recovery of Inter-State Transmission Charges) Rules 2021 on October 3, 2021.
• WB also approved a US$ 40 million (around Rs 296 crore) project titled ‘Meghalaya Health Systems Strengthening Project’ to improve the quality of health services in Meghalaya and strengthen the state’s capacity to handle health emergencies, including the COVID-19.
• Prime Minister of Denmark Ms. Mette Frederiksen will be on a three days State Visit to India from 9th of this month.
• Union Minister for Fisheries, Dairy, Poultry and Animal Husbandry Purushottam Rupala has inaugurated a Two day Ladakh Micro Small and Medium Enterprises (MSME) Business Investment and Job Creation Expo-2021, in Leh, Ladakh
• The government has received over Rs 2,800 crore as dividend from Coal India and ONGC fiscal year (FY) 2021
• With the economy showing improvement, global ratings firm Moody’s Investor Services has changed India’s sovereign rating outlook to ‘Stable’ from ‘Negative’ even as it retained the sovereign rating at ‘Baa3’.
• Indian Navy and State Bank of India (SBI) launched SBI’s NAV-eCash Card onboard India’s largest Naval Aircraft Carrier INS (Indian Naval Ship) Vikramaditya.
• On Oct 04, 2021, Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Seychelles.
• India’s first crypto unicorn CoinDCX appointed Mr.Amitabh Bachchan as its first Brand Ambassador to increase crypto awareness and to make crypto as an emerging asset class.
• American scientists David Julius and Lebanese-American molecular biologist Ardem Patapoutian won the 2021 Nobel Prize for Physiology or Medicine for their discoveries of receptors for temperature and touch.
• On Oct 05,2021, Prime Minister Modi inaugurated and visited ‘Azadi@75- New Urban India: Transforming Urban Landscape’ Expo at Indira Gandhi Pratishthan in Lucknow, Uttar Pradesh.
• The 5th edition of the Japan-India Maritime Bilateral Exercise (JIMEX) will be held in the Arabian Sea from October 06 to 08, 2021.
• A new species of swamp eel named Rakthamichthys Mumba – the Mumbai blind eel was discovered in Mumbai, Maharashtra.
• On Oct 04, 2021, World Chess Champion Magnus Carlsen won the inaugural Meltwater Champions Chess Tour (MCCT).

Daily CA On Oct 07 :

• The World Cotton day is celebrated on 7 October as a global celebration of cotton and its stakeholders, from field to fabric and beyond & the theme is “There’s more to cotton than you think.
• Commerce and Industry Minister Piyush Goyal has addressed the Inaugural Session of the ICRIER’s 13th Annual International G-20 Conference.
• The Union Cabinet approved the setting up of seven Mega Integrated Textile Region and Apparel (PM MITRA) Parks with a total outlay of four thousand 445 crore rupees over five years by Textiles Minister Piyush Goyal
• Union Minister Jitendra Singh has stated that the government will set up 75 Science Technology and Innovation (STI) Hubs in different parts of the country.
• The Union Minister Bhupender Yadav, Ministry of Environment, Forest and Climate Change (MoEF&CC) released the ‘Guidelines for sustainable Ecotourism in forest and wildlife areas’ to promote a better understanding of nature and wildlife conservation during the occasion of Gandhi Jayanti (October 2, 2021) and indicating the Iconic Week of Azadi ka Amrit Mahotsav of MoEFCC (4-10th October 2021).
• The Ministry of Railways announced that the construction work of the new 2.05 km Pamban railway bridge in Mandapam will be completed by March 2022.
• Union Minister Mansukh Laxmanbhai Mandaviya, Ministry of Health and Family Welfare (MoH&FW) launched a delivery model namely ‘ICMR’s Drone Response and Outreach in North East (i-Drone)’.
• The World Trade Organization (WTO) elevated its global goods trade volume growth to 10.8% in 2021 which is an ascendent revision from 8% forecasted in March 2021.
• India’s 1st and world’s 3rd ropeway for public transport was planned to be constructed in the city of Varanasi, Uttar Pradesh to ease the traffic congestion.
• Bank of Baroda (BoB) has announced a 25 basis points reduction in its home loan interest rates, with the minimum rate now starting at 6.50 per cent against 6.75 percent
• Tata Consultancy Services (TCS) has announced that its long-standing partnership with State Bank of India (SBI), India’s largest bank, has been extended for another five years as the bank embarks on its next leg of growth based on the three pillars of technology, resilience and people.
• ESAF Small Finance Bank (SFB) has launched ‘Supreme’, a Current account for Non-Resident Indians (NRIs).
• The Reserve Bank of India (RBI) superseded the Board of Directors of two Non-Banking Finance Companies (NBFCs) viz, Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), due to governance issues and defaults in meeting their various payment obligations.
• Indian Renewable Energy Development Agency (IREDA) entered into a memorandum of understanding (MoU) with North Eastern Electric Power Corporation (NEEPCO) to assist in developing renewable projects and raising funds.
• Netcore Cloud has announced the appointment of Ramesh Srinivasan as the Chief Executive Officer for its India operations.
• The International Finance Corporation (IFC) has appointed Wendy Werner as the new Country Head for India.
• Budget carrier AirAsia India has become the first Airbus operator in the world to start Taxibot services with passengers on board.
• On Oct 04, 2021, For the first time, The Russian Defense Ministry announced that Russia successfully test-launched a Tsirkon (Zircon) hypersonic cruise missile from the Severodvinsk nuclear submarine.
• On Oct 05, 2021, Union minister of state Jitendra Singh launched Heli-borne survey technology for groundwater management.
• The Department of Ex-servicemen welfare, Ministry of Defence has integrated the Electronic Pension Payment Order (EPPO) with Digi Locker.
• A New Book Titled Economist Gandhi: The Roots and the Relevance of the Political Economy of the Mahatma authored by Retired entrepreneur Jerry Rao.
• India on October 5, 2021, pulled out of the 2022 Birmingham Commonwealth Games’ hockey competition stating the risk of contracting COVID-19 and the discriminatory quarantine rules by the United Kingdom (UK) for travellers coming from India.
• On Oct 05, 2021, Veteran actor Arvind Trivedi, best known for his iconic role of demon-king Raavan in Ramanand Sagar’s TV serial Ramayan, passed away.
• On Oct 04, 2021, Former bureaucrat and academician who was private secretary to late prime minister Atal Bihari Vajpayee, Shakti Sinha Passed away.