Daily Current Affairs October 05 & 06

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October 05 & 06 | Daily Current Affairs 2024

Important Days – Daily Current Affairs October 05 & 06

1. World Teachers’ Day 2024 is observed annually on which date?
A) September 5
B) October 5
C) November 5
D) December 5
E) August 5
Answer: B) October 5

Event and Location:

• Event: World Teachers’ Day 2024
• Date: October 5, 2024
• Location: Globally celebrated.

Mandates and Objectives:

• World Teachers’ Day:
  • Established by UNESCO in 1994 to honour teachers worldwide.
  • Recognises the crucial role teachers play in education, shaping future generations, and fostering lifelong learning.
  • Aims to reflect on teacher challenges such as insufficient resources, lack of support, and policy issues.
• Objective:
  • To celebrate and appreciate educators globally while addressing the evolving educational needs and the importance of quality education for all.

Important Terms Explained:

• ILO/UNESCO Recommendation 1966:
  • A framework that outlines the rights, responsibilities, and professional standards for teachers worldwide.
  • It was a significant step in setting a benchmark for teacher status and working conditions.
• UNESCO (United Nations Educational, Scientific and Cultural Organization):
  • A specialized agency of the United Nations established in 1945 to promote world peace and security through international collaboration in education, science, and culture.

Theme for World Teachers’ Day 2024:

• Focus: To recognise shared global challenges faced by teachers and promote best practices for improving education systems worldwide.

History:

• First Observed: October 5, 1994.
• Reason: Commemorates the adoption of the 1966 ILO/UNESCO Recommendation concerning the Status of Teachers.
• Objective: To honour the contributions of teachers and highlight their impact on global education.

Significance:

• Teachers’ Role:
  • Teachers are pivotal in shaping minds, acting as mentors and role models for students.
  • The day brings attention to the challenges teachers face, such as resource shortages, lack of support, and professional development issues.
  • It emphasizes the value of education and the need to advocate for teachers’ rights and well-being.

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Sports – Daily Current Affairs October 05 & 06

2. Who played a crucial role in guiding Mumbai to their 15th Irani Cup title after 27 years?
A) Sarfaraz Khan
B) Shardul Thakur
C) Tanush Kotian
D) Mohit Avasthi
E) Prithvi Shaw
Answer: C) Tanush Kotian

Event and Location:

• Event: Mumbai wins their 15th Irani Cup title after 27 years.
• Location: BRSABV Ekana Cricket Stadium, Lucknow.

Mandates and Objectives:

• Tanush Kotian’s Century:
  • Tanush Kotian’s unbeaten 114 off 150 balls was pivotal in Mumbai securing a first-innings lead against Rest of India (RoI), ultimately leading to their Irani Cup victory.
  • His partnership of 158 runs with Mohit Avasthi for the ninth wicket was the highest ever for that position in the Irani Cup’s history.
• Objective:
  • Mumbai aimed to secure a first-innings lead to claim the title, having last won the Irani Cup 27 years ago in 1997-98.

Important Terms Explained:

• Irani Cup:
  • A prestigious domestic cricket competition in India played between the Ranji Trophy champions and a team called the Rest of India (RoI).
• Khadoos Cricket:
  • A term used to describe Mumbai’s traditional cricketing attitude, focusing on grit, determination, and resilience.

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Obituary – Daily Current Affairs October 05 & 06

3. Veteran actor Mohan Raj, who passed away recently, was renowned for his contributions to which language film industry?
A) Tamil
B) Telugu
C) Malayalam
D) Kannada
E) Hindi
Answer: C) Malayalam

Event and Location:

• Event: Veteran Malayalam actor Mohan Raj passed away on October 3, 2024.
• Location: Kanjirankulam, Kerala, India.

Mandates and Objectives:

• Mohan Raj’s Contribution:
  • He was renowned for his villainous roles in the Malayalam film industry, most notably his iconic portrayal of ‘Keerikkadan Jose’ in the film Kireedam.
  • With over 300 films across multiple languages, Mohan Raj left a lasting mark on Malayalam cinema through his powerful performances.
• Objective:
  • His career breakthrough came with his unforgettable role in Kireedam (1989), solidifying his status as a sought-after villain in the industry.

Important Terms Explained:

• Kireedam (Film):
  • A Malayalam classic film released in 1989, starring Mohanlal. Mohan Raj’s portrayal of Keerikkadan Jose became iconic and contributed significantly to his fame.

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Ranking – Daily Current Affairs October 05 & 06

4. India has recently become the fourth country to surpass how much in foreign exchange reserves?
A) 600 billion USD
B) 650 billion USD
C) 700 billion USD
D) 750 billion USD
E) 800 billion USD
Answer: C) 700 billion USD

Event and Location:

• Event: India becomes the fourth nation to surpass 700 billion USD in foreign reserves.
• Location: India.

Mandates and Objectives:

• Foreign Exchange Reserves: India’s foreign exchange reserves reached 704.885 billion USD.
• Objective: Strengthen economic stability, safeguard the rupee, and manage global market uncertainties.

Important Terms Explained:

• Foreign Exchange Reserves:
  • Assets held by a central bank in foreign currencies and gold to back liabilities.
  • Includes foreign currency assets, gold reserves, SDRs (Special Drawing Rights), and foreign securities.
• Special Drawing Rights (SDRs):
  • Created by the International Monetary Fund (IMF), SDRs serve as a supplementary reserve asset that countries can trade for liquidity during balance-of-payments issues.

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Banking and Finance – Daily Current Affairs October 05 & 06

5. Federal Bank recently signed an MoU with which AI-Powered platform to enable vernacular language support in its AI Virtual Assistant, Feddy?
A) Google Translate
B) Amazon Alexa
C) Bhashini
D) ChatGPT
E) DeepL
Answer: C) Bhashini

Event and Location:

• Event: Federal Bank partners with Bhashini to enhance its AI Virtual Assistant, Feddy, with vernacular language support.
• Location: Kolkata, India.

Mandates and Objectives:

• Federal Bank’s MoU with Bhashini:
  • Aim: To enable vernacular language support for Federal Bank’s AI chatbot, Feddy.
  • Objective: Promote banking inclusivity by offering multilingual services to a broader audience across India, aligning with RBIH’s local language initiative.

Important Terms Explained:

• Feddy (AI-Powered Assistant):
  • Federal Bank’s AI-driven virtual assistant that provides banking services to customers. With the integration of Bhashini’s AI technology, it now supports 14 Indian languages.
• Bhashini:
  • An AI-powered language translation platform that promotes vernacular language usage in digital services.
• Reserve Bank Innovation Hub (RBIH):
  • An initiative by the Reserve Bank of India to foster innovation and promote inclusivity in the financial sector through technological advancements like AI.

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6. Which state-owned company secured the largest-ever foreign currency term loan of USD 1.265 billion?
A) State Bank of India
B) Power Finance Corporation
C) Oil and Natural Gas Corporation
D) National Thermal Power Corporation
E) Bharat Heavy Electricals Limited
Answer: B) Power Finance Corporation

Event and Location:

• Event: Power Finance Corporation (PFC) secures the largest-ever foreign currency term loan.
• Location: IFSC GIFT City, Gandhinagar, India.

Mandates and Objectives:

• PFC Loan Details:
  • Amount: USD 1.265 billion (largest-ever for a state-owned PSU).
  • Purpose: Financing non-thermal generation projects, especially for the green energy transition and decarbonization initiatives.
  • Loan Tenure: 5 years, with a floating interest rate of 4.21% per annum.
• Objective:
  • The loan will aid PFC in financing renewable energy projects, fostering green energy growth and further diversifying its funding sources.
  • The multi-currency loan was sourced from banks in IFSC GIFT City (Gujarat), a key financial hub in India.

Important Terms Explained:

• IFSC GIFT City:
  • International Financial Services Centre (IFSC) at GIFT City in Gandhinagar is a financial and technology hub aimed at bringing global financial services to India.
• Secured Overnight Financing Rate (SOFR):
  • A benchmark interest rate for US dollar-denominated loans in global financial markets.
• Euro Interbank Offered Rate (EURIBOR):
  • The interest rate at which European banks lend to each other, used as a benchmark for EUR-denominated loans.
• Tokyo Overnight Average Rate (TONA):
  • A key benchmark rate for the Japanese Yen (JPY), guiding floating rate loans in Japan.

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7. The Asian Development Bank (ADB) approved a loan of how much to enhance tourism projects in Himachal Pradesh?
A) $100 million
B) $120 million
C) $162 million
D) $200 million
E) $250 million
Answer: C) $162 million

Event and Location:

• Event: The Asian Development Bank (ADB) approved a loan for tourism development in Himachal Pradesh.
• Location: Himachal Pradesh, India.

Mandates and Objectives:

• Tourism Development Loan:
  • Amount: USD 162 million.
  • Objective: To boost tourism by upgrading and preserving cultural and heritage sites and constructing modern tourism facilities.
  • This initiative will promote sustainable and inclusive tourism, enhancing the tourism infrastructure of Himachal Pradesh.
• Projects Funded:
  • Naggar Castle Restoration: Restoration of the historic Naggar Castle in Kullu.
  • Kangra Convention Center: Construction of a convention center in Kangra with other amenities.
  • Public Space Beautification: Improvement of public spaces and wayside facilities in Kullu, Hamirpur, and Kangra.

Important Terms Explained:

• Asian Development Bank (ADB):
  • A regional development bank that promotes social and economic development in Asia and the Pacific.
• Sustainable and Inclusive Tourism Development Project:
  • An initiative designed to enhance the tourism potential of Himachal Pradesh through infrastructure development, cultural site restoration, and promoting sustainable tourism practices.

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Appointments – Daily Current Affairs October 05 & 06

8. Who has been appointed as the new Executive Director (ED) of the Reserve Bank of India (RBI) in October 2024?
A) Shaktikanta Das
B) M Rajeshwar Rao
C) Aviral Jain
D) Urjit Patel
E) T Rabi Sankar
Answer: C) Aviral Jain

Event and Location:

• Event: Appointment of Aviral Jain as the new Executive Director of RBI.
• Location: Mumbai, India.

Mandates and Objectives:

• Role of Aviral Jain:
  • As Executive Director (ED) of the Reserve Bank of India (RBI), Aviral Jain will manage the Legal Department, the Premises Department, and oversee the Right to Information Act (as First Appellate Authority).
• Objective:
  • His extensive experience of over three decades in supervision, currency management, foreign exchange regulation, and human resource management will contribute to efficient management and execution of responsibilities in the RBI.

Important Terms Explained:

• Right to Information (RTI) Act:
  • A law that allows Indian citizens to request information from any public authority to promote transparency and accountability in government institutions.
• Executive Director (ED):
  • A senior management position in organizations like RBI, responsible for overseeing specific departments and ensuring the implementation of organizational strategies and policies.

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Defence – Daily Current Affairs October 05 & 06

9. Which Indian Naval Squadron is on a long-range training deployment to Muscat, Oman in October 2024?
A) First Training Squadron (1TS)
B) Second Training Squadron (2TS)
C) Third Training Squadron (3TS)
D) Fourth Training Squadron (4TS)
E) Fifth Training Squadron (5TS)
Answer: A) First Training Squadron (1TS)

Event and Location:

• Event: Indian Naval Ships Tir, Shardul, and Coast Guard Ship Veera from the First Training Squadron (1TS) arrived in Muscat, Oman on October 5, 2024, for a long-range training deployment.
• Location: Muscat, Oman.

Mandates and Objectives:

• Purpose of Deployment:
  • Strengthen defence relations between India and Oman in the maritime domain.
  • Engage with the Royal Navy of Oman in maritime security, joint exercises, and interoperability.
• Activities:
  • Includes harbour interactions, training exchanges, and sports fixtures between the two navies.
  • Focus on professional interactions and joint exercises to bolster naval cooperation.
• Key Official Visit:
  • VAdm V Srinivas, Flag Officer Commanding-in-Chief, Southern Naval Command, will be on an official visit to Oman from October 6-9, 2024, to hold bilateral discussions with key Omani military leaders.

Important Terms Explained:

• First Training Squadron (1TS):
  • A naval training squadron responsible for the training and professional development of Indian Navy personnel.
• Royal Navy of Oman (RNO):
  • The naval force of Oman, which regularly engages in joint exercises and maritime security collaborations with the Indian Navy.

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International Affairs – Daily Current Affairs October 05 & 06

10. Which three countries signed a trilateral agreement for the export of 40 megawatts of electricity from Nepal to Bangladesh via India’s power grid?
A) India, Nepal, and Sri Lanka
B) India, Nepal, and Bhutan
C) India, Nepal, and China
D) India, Nepal, and Bangladesh
E) India, Nepal, and Pakistan
Answer: D) India, Nepal, and Bangladesh

Event and Location:

• Event: Nepal, Bangladesh, and India signed a trilateral agreement for electricity export.
• Location: Kathmandu, Nepal.

Mandates and Objectives:

• Electricity Export Agreement:
  • Agreement: Nepal will export 40 megawatts of electricity to Bangladesh using India’s power grid.
  • Objective: This agreement marks the first time Nepal will sell electricity to Bangladesh, previously exporting only to India.
• Transmission Process:
  • Nepal will send the electricity to India through the 400 KV Dhalkebar-Muzaffarpur cross-border transmission line, and India will forward the electricity to Bangladesh using its grid infrastructure.

Important Terms Explained:

• Dhalkebar-Muzaffarpur Transmission Line:
  • A 400 KV cross-border transmission line between Nepal and India, facilitating the exchange of electricity between the two countries.
• Sunkoshi-3 Hydropower Project:
  • A proposed hydropower project under development with collaboration between Nepal, Bangladesh, and India to boost electricity generation and trade.

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National Affairs – Daily Current Affairs October 05 & 06

11. Which system did DRDO successfully flight-test at Pokhran Field Firing Ranges in October 2024?
A) Akash Missile
B) Agni-V
C) BrahMos
D) VSHORADS
E) Nirbhay Missile
Answer: D) VSHORADS

Event and Location:

• Event: DRDO successfully conducted flight-tests of the Very Short Range Air Defence System (VSHORADS).
• Location: Pokhran Field Firing Ranges, Rajasthan, India.

Mandates and Objectives:

• VSHORADS Missile:
  • A Man Portable Air Defence System designed to counter aerial threats.
  • Developed indigenously by the Research Centre Imarat (RCI) in collaboration with other DRDO laboratories.
  • The system was tested against high-speed targets to demonstrate its capabilities in terms of maximum range and maximum altitude interception.
• Objective:
  • To ensure Aatmanirbhar Bharat (self-reliant India) in defence by developing modern defence systems like VSHORADS.
  • The system will be used to boost the Armed Forces’ capabilities against aerial threats in various operational scenarios.

Important Terms Explained:

• Very Short Range Air Defence System (VSHORADS):
  • A 4th generation air defence system that is portable and capable of hitting aerial targets at very short range with high precision.
• Development cum Production Partner (DcPP):
  • A model where production agencies are involved early in the development process to facilitate faster user trials and production of defence equipment.

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12. What is the amount of the 18th installment of PM-KISAN Samman Nidhi disbursed by Prime Minister Narendra Modi in Washim, Maharashtra?
A) Rs 10,000 crore
B) Rs 15,000 crore
C) Rs 20,000 crore
D) Rs 25,000 crore
E) Rs 30,000 crore
Answer: C) Rs 20,000 crore

Event and Location:

• Event: Prime Minister Narendra Modi launched various initiatives related to agriculture and animal husbandry worth Rs 23,300 crore in Washim, Maharashtra.
• Location: Washim, Maharashtra, India.

Mandates and Objectives:

• PM-KISAN Samman Nidhi:
  • 18th installment of Rs 20,000 crore was disbursed to around 9.4 crore farmers.
  • The PM-KISAN scheme provides financial support to farmers, ensuring income security and aiding agricultural growth.
• Agriculture Infrastructure Fund (AIF):
  • Over 7,500 projects under AIF worth Rs 1,920 crore were dedicated to the nation, aimed at improving agricultural infrastructure like warehouses, cold storage units, and post-harvest management facilities.
• Farmer Producer Organizations (FPOs):
  • 9,200 FPOs with a combined turnover of Rs 1,300 crore were also launched to enhance the collective bargaining and marketing power of farmers.
• NaMo Shetkari Mahasanman Nidhi Yojana:
  • The 5th installment of this scheme was also launched, disbursing Rs 2,000 crore to around 90 lakh farmers in Maharashtra.

Important Terms Explained:

• PM-KISAN Samman Nidhi:
  • A scheme where eligible farmers receive Rs 6,000 annually, disbursed in three installments, to support them in agricultural activities.
• Farmer Producer Organizations (FPOs):
  • Farmer-led organizations aimed at improving market access and reducing operational costs by leveraging collective power.
• Agriculture Infrastructure Fund (AIF):
  • A financing facility for the creation of post-harvest management infrastructure and community farming assets to improve value addition in agriculture.

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13. Which wildlife sanctuary was the focal point of NTPC’s awareness campaign organized in collaboration with the Assam Forest Department?
A) Kaziranga Wildlife Sanctuary
B) Manas Wildlife Sanctuary
C) Chakrashila Wildlife Sanctuary
D) Nameri Wildlife Sanctuary
E) Dibru-Saikhowa National Park
Answer: C) Chakrashila Wildlife Sanctuary

Event and Location:

• Event: NTPC’s Bongaigaon unit collaborated with the Divisional Forest Office (DFO) of Kokrajhar district to conduct an awareness drive as part of Wildlife Week celebrations.
• Location: Chakrashila Wildlife Sanctuary, Kokrajhar and Dhubri districts, Assam.

Mandates and Objectives:

• Awareness Programme:
  • The event focused on raising awareness about the importance of wildlife conservation among local communities, students, and villagers.
  • It also emphasized the role of Chakrashila Wildlife Sanctuary in protecting the region’s biodiversity.
• Activities:
  • Quiz and drawing competitions were organized for 160 school students to foster interest in wildlife and environmental conservation.
  • NTPC’s environmental efforts were highlighted, including planting 2.5 lakh trees in the region as part of the company’s sustainable development goals.

Important Terms Explained:

• Chakrashila Wildlife Sanctuary:
  • A 45.57 sq km sanctuary located in Kokrajhar and Dhubri districts of Assam.
  • It is renowned for the golden langur, which is its most famous inhabitant, and is the second protected habitat for this species in India.
  • The sanctuary is home to 119 bird species, several mammals, reptiles, and over 40 species of butterflies.

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