Daily Current Affairs October 23

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October 23 | Daily Current Affairs 2024

Important Days – Daily Current Affairs October 23

1. On which date is World Development Information Day observed annually?
A) October 22
B) October 23
C) October 24
D) October 25
E) October 26
Answer: C) October 24

Event and Location:

• Event: World Development Information Day
• Date: October 24 every year, observed globally.

Mandates and Objectives:

• Purpose of the Day:
  • The day aims to raise awareness about global development challenges and highlight the importance of sharing knowledge and resources to foster sustainable progress.
  • It focuses on sectors such as health, education, and poverty reduction by encouraging the exchange of technology, innovative ideas, and best practices.
• Theme for 2024: The specific theme for World Development Information Day 2024 has not been highlighted yet. However, the general focus remains on promoting global development through information-sharing.

History and Significance:

• Established Year: 1972, by the United Nations General Assembly.
• Significance:
  • The day underscores the critical role of information in achieving development goals, promoting global solidarity, and addressing challenges that hinder progress.

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2. On which date is United Nations Day observed every year?
A) October 22
B) October 23
C) October 24
D) October 25
E) October 26
Answer: C) October 24

Event and Location:

• Event: United Nations Day
• Date: October 24, annually observed globally.

Mandates and Objectives:

• Significance of the Day:
  • United Nations Day marks the anniversary of the United Nations’ founding in 1945.
  • It highlights the UN’s essential role in promoting global security, peace, cooperation, and addressing global issues like conflict resolution, humanitarian aid, and environmental protection.
  • 2024 Theme: “Global Cooperation for a Better Future.”
• Celebration Focus:
  • The day is observed by various UN agencies such as UNICEF and WHO, promoting global solidarity in tackling crises such as poverty, inequality, climate change, and pandemics.

Important Terms Explained:

• United Nations (UN): An international organization founded in 1945, aimed at promoting peace, security, and cooperation among nations.
• UNICEF: The United Nations International Children’s Emergency Fund, focusing on improving the lives of children worldwide.
• WHO: The World Health Organization, focusing on global health.

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3. When does Disarmament Week start each year?
A) October 20
B) October 22
C) October 24
D) October 26
E) October 28
Answer: C) October 24

Event and Location:

• Event: Disarmament Week
• Start Date: October 24, marking the anniversary of the United Nations’ founding.

Mandates and Objectives:

• Objective:
  • To raise awareness about disarmament and promote better understanding of disarmament issues.
  • Disarmament measures focus on the reduction and elimination of weapons of mass destruction (such as nuclear weapons) and controlling the accumulation and trade of conventional arms.
• Significance:
  • Disarmament plays a critical role in ensuring international peace and security, preventing conflicts, protecting civilians, and fostering global trust.
  • In 1978, during a special session on disarmament, the General Assembly called for the observance of Disarmament Week through resolution S-10/2.

Important Terms Explained:

• Weapons of Mass Destruction (WMD): Weapons capable of causing massive destruction, typically nuclear, biological, or chemical in nature.
• Arms Control: The regulation of the acquisition, development, stockpiling, or distribution of weapons.

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4. When is Global Media and Information Literacy Week observed annually?
A) October 20-27
B) October 22-29
C) October 24-31
D) October 26-November 2
E) October 21-28
Answer: C) October 24-31

Event and Location:

• Event: Global Media and Information Literacy (MIL) Week
• Date: Observed from October 24 to 31 annually.

Mandates and Objectives:

• Theme for 2024: “The New Digital Frontiers of Information: Media and Information Literacy for Public Interest Information.”
  • The theme emphasizes the need for individuals to critically assess the vast array of information in today’s digital age, especially in the face of emerging technologies like generative AI.
• Objective:
  • The week raises awareness and celebrates the progress made in promoting Media and Information Literacy (MIL) for all.
  • The goal is to equip individuals with the skills to navigate the complex information landscape, combat misinformation, and promote ethical use of information.

Importance of Media and Information Literacy (MIL):

• Media and Information Literacy refers to the competencies required to navigate the information and communication environment, involving skills to:
  • Search, access, evaluate, and use information critically.
  • Promote freedom of expression, gender equality, and peace in the digital world.

Important Terms Explained:

• Misinformation: False information spread without harmful intent.
• Disinformation: Deliberately false information spread to mislead.
• Generative AI: AI systems that generate human-like content (e.g., text, images, videos).

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Sports – Daily Current Affairs October 23

5. How many silver medals has Deepika Kumari won at the Archery World Cup Final?
A) Three
B) Four
C) Five
D) Six
E) Seven
Answer: C) Five

Event and Location:

• Event: Archery World Cup Final 2024
• Location: Tlaxcala, Mexico

Mandates and Objectives:

• Deepika Kumari’s Performance:
  • Medal: Silver medal, her fifth silver in nine appearances at the World Cup Final.
  • Opponent in Final: China’s Li Jiaman, who defeated Deepika 6-0 in the gold-medal match.
  • Previous Medal Wins: Deepika has won five silver medals (2011, 2012, 2013, 2015, and 2024) and a bronze in 2018.
  • Despite these achievements, gold continues to elude Deepika at the World Cup Final.
• Team India’s Performance:
  • India’s five-member squad finished with one medal, claimed by Deepika.

Important Terms Explained:

• Recurve Archery: A form of archery used in Olympic competition where archers shoot at a target using a recurve bow.
• AAI (Archery Association of India): Governs the development of archery in India, including the appointment of national coaches and High-Performance Directors (HPD).

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Banking and Finance – Daily Current Affairs October 23

6. Which country introduced India’s UPI payment system in October 2024 to boost its economy?
A) Sri Lanka
B) Bangladesh
C) Nepal
D) Maldives
E) Bhutan
Answer: D) Maldives

Event and Location:

• Event: The Maldives introduced the Unified Payments Interface (UPI) to boost its economy.
• Location: Malé, Maldives.

Mandates and Objectives:

• UPI Introduction:
  • The Maldives President Mohamed Muizzu took steps to introduce India’s UPI system in the country, following recommendations from his Cabinet.
  • A consortium led by TradeNet Maldives Corporation Limited will oversee the implementation of UPI.
• Purpose:
  • The initiative aims to enhance financial inclusion, efficiency in transactions, and improve digital infrastructure in the Maldives.
• Strategic Context:
  • The decision followed a prior agreement during Indian External Affairs Minister S. Jaishankar’s visit in August 2024.
• Tourism Impact:
  • Tourism contributes significantly to the Maldives’ economy, accounting for 30% of GDP and generating over 60% of foreign exchange.

Important Terms Explained:

• UPI (Unified Payments Interface): Developed by India’s National Payments Corporation of India (NPCI), UPI is an instant real-time payment system facilitating mobile-based inter-bank transactions.
• Financial Inclusion: The effort to provide financial services at affordable costs to disadvantaged and low-income segments of society.

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Business and Economy – Daily Current Affairs October 23

7. Who has received NPCI approval to onboard new UPI users in October 2024?
A) Google Pay
B) PhonePe
C) Paytm
D) BharatPe
E) Amazon Pay
Answer: C) Paytm

Event and Location:

• Event: Paytm receives approval from NPCI to onboard new UPI users.
• Location: New Delhi, India.

Mandates and Objectives:

• Approval by NPCI (National Payments Corporation of India):
  • Objective: To allow Paytm, owned by One 97 Communications, to resume adding new users to its Unified Payments Interface (UPI) platform after a nine-month halt by the Reserve Bank of India (RBI).
  • This approval is expected to increase UPI transaction volumes for Paytm in the near future.

Important Terms Explained:

• NPCI (National Payments Corporation of India):
  • Governs retail payments in India, including UPI, enabling secure transactions across platforms.
• UPI (Unified Payments Interface):
  • A real-time payment system that facilitates person-to-person and person-to-merchant money transfers via mobile phones.
• RBI (Reserve Bank of India):
  • India’s central banking institution responsible for monetary policy and regulation of the country’s financial system.

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8. How much did Muthoot Finance raise through External Commercial Borrowings (ECBs) in October 2024?
A) $200 million
B) $450 million
C) $400 million
D) $550 million
E) $750 million
Answer: C) $400 million

Event and Location:

• Event: Muthoot Finance raised $400 million via External Commercial Borrowings (ECBs).
• Location: Listed on NSE IX, Gift City, Gujarat.

Mandates and Objectives:

• Purpose of Fundraising:
  • The funds will be used for onward lending and other activities permitted under the External Commercial Borrowing (ECB) guidelines issued by the Reserve Bank of India (RBI).
• Issuance Details:
  • Coupon Rate: 6.375% p.a.
  • Maturity: 4.5 years with an average period of 4 years.
  • Part of a $2 billion Global Medium Term Note Program.
  • The order book peaked at over $1.3 billion with an oversubscription of 3.9x, receiving participation from 125+ global investors.

Important Terms Explained:

• External Commercial Borrowings (ECBs):
  • Loans taken by an Indian entity from non-resident lenders in foreign currencies, governed by the RBI guidelines.
• Senior Secured Notes:
  • Debt securities backed by collateral, providing investors with more security in the event of default.
• Global Medium Term Note Program:
  • A mechanism through which companies can issue bonds in foreign currencies for varying maturities under a set ceiling amount (in this case, $2 billion).

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9. What is the projected economic growth rate for India in the fiscal year 2024-25 according to the Deloitte report?
A) 6.5%
B) 7.0%
C) 7.5%
D) 6.7%
E) 8.0%
Answer: B) 7.0%

Event and Location:

• Event: India’s economy is projected to grow at 7.0% to 7.2% in the fiscal year 2024-25, despite a temporary slowdown in recent quarters.
• Location: India

Mandates and Objectives:

• Key Economic Drivers:
  • Manufacturing activity continues to perform well, with government support via Production-Linked Incentive (PLI) schemes.
  • Stable oil prices and potential U.S. interest rate cuts are expected to increase capital inflows, driving growth.
  • Government spending and record Kharif crop production are expected to fuel economic momentum.
• RBI’s Growth Projection:
  • The Reserve Bank of India (RBI) also reaffirmed a 7.2% GDP growth forecast for FY25, showing confidence in the economy’s resilience.

Important Terms Explained:

• Kharif Crop: Seasonal crops sown in monsoon, harvested during autumn (e.g., rice, maize).
• PLI (Production Linked Incentive) Scheme: A government initiative providing financial incentives to boost domestic manufacturing and employment in key sectors.

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10. What is the IMF’s GDP growth forecast for India in FY25?
A) 6.8%
B) 6.5%
C) 7.0%
D) 7.1%
E) 7.2%
Answer: C) 7.0%

Event and Location:

• Event: IMF retains India’s GDP growth forecast for FY25.
• Location: India

Mandates and Objectives:

• IMF’s Growth Forecast:
  • FY25: The International Monetary Fund (IMF) has maintained its GDP growth forecast for India at 7.0%.
  • FY26: The projected growth is expected to moderate to 6.5% as pent-up demand accumulated during the pandemic subsides.

Other Forecasts for FY25:

• S&P: 6.8%
• World Bank: 7.0%
• RBI: 7.2%
• Moody’s Analytics: 7.1%

Important Terms Explained:

• GDP (Gross Domestic Product): A measure of the economic performance of a country, representing the total value of goods and services produced within the nation.
• Inflation Forecast for FY25: The IMF projects inflation at 4.4% for FY25 in India.

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Defence – Daily Current Affairs October 23

11. Who will inaugurate the second edition of the Chanakya Defence Dialogue in 2024?
A) Shri Amit Shah
B) Shri Pralhad Joshi
C) Shri Rajnath Singh
D) Shri Nitin Gadkari
E) Shri Narendra Modi
Answer: C) Shri Rajnath Singh

Event and Location:

• Event: The second edition of the Chanakya Defence Dialogue, hosted by the Indian Army.
• Location: Manekshaw Centre, New Delhi, on October 24 and 25, 2024.

Mandates and Objectives:

• Chief Guest: Shri Rajnath Singh, Union Minister of Defence, will inaugurate the event and deliver a keynote on India’s Vision for Development and Security.
• Objective: To explore comprehensive security and its role in nation-building, with a focus on achieving Viksit Bharat @2047.
• The event features six expert-led sessions, covering key topics such as geopolitical dynamics, economic development strategies, environmental sustainability, and technology in security.

Important Terms Explained:

• Viksit Bharat @2047: A vision for India to become a developed nation by its 100th year of independence in 2047.
• Atmanirbhar Bharat: A government initiative aimed at making India self-reliant by boosting domestic industries and innovation.
• Green Initiative 1.0: An initiative to promote environmental sustainability in military operations, to be launched at the event.

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International Affairs – Daily Current Affairs October 23

12. Where is the 16th United Nations Biodiversity Summit (COP16) being held in 2024?
A) Montreal, Canada
B) Bogota, Colombia
C) Cali, Colombia
D) Paris, France
E) New York, USA
Answer: C) Cali, Colombia

Event and Location:

• Event: 16th United Nations Biodiversity Summit (COP16).
• Location: Cali, Colombia.
• Date: October 20 to November 1, 2024.

Mandates and Objectives:

• Main Objective:
  • To assess progress made since the 2022 Kunming-Montreal Global Biodiversity Framework and address urgent biodiversity challenges.
  • Delegates will discuss critical measures such as:
    • Setting aside 30% of territories for conservation.
    • Reducing harmful business subsidies.
    • Mandating environmental impact reports by companies.
• Focus: The summit will also explore integrating biodiversity protection with climate change action and enhancing indigenous rights and knowledge in conservation strategies.

Important Terms Explained:

• Kunming-Montreal Global Biodiversity Framework (2022): A global agreement to protect biodiversity, signed by 196 countries with goals to reverse nature loss by 2030.
• NBSAPs (National Biodiversity Strategy and Action Plans): Country-specific plans outlining actions to protect and conserve biodiversity, which countries must submit to the UN.
• Indigenous Peoples’ Role: Indigenous communities are key stakeholders in biodiversity protection, particularly in regions like the Amazon.

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13. Which country became the 69th member of the Asian Development Bank (ADB) in 2024?
A) Israel
B) Pakistan
C) Saudi Arabia
D) Brazil
E) South Africa
Answer: A) Israel

Event and Location:

• Event: Israel joins the Asian Development Bank (ADB) as the 69th member.
• Location: Manila, Philippines, ADB headquarters.
• Date: September 27, 2024.

Mandates and Objectives:

• Israel’s Membership:
  • Application Submitted: January 2022.
  • Approval by ADB Board of Governors: April 14, 2022, through Resolution No. 414.
  • Effective Membership: After completing the necessary membership requirements, Israel became the 20th nonregional member of ADB.
• ADB’s Mission:
  • The ADB strives for a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. Its primary goal is to eradicate extreme poverty in the region.
  • ADB, established in 1966, now has 69 member countries, with 49 from the Asia-Pacific region.

Important Terms Explained:

• Nonregional Member: Countries outside the Asia-Pacific region that join the ADB as development partners but do not belong geographically to the region.
• ADB Board of Governors: The highest decision-making body of the ADB, representing member countries and responsible for approving major resolutions like new memberships.

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14. India and Pakistan have extended the validity of the Kartarpur Sahib Corridor agreement by how many years?
A) 3 years
B) 4 years
C) 5 years
D) 6 years
E) 2 years
Answer: C) 5 years

Event and Location:

• Event: Extension of the Kartarpur Sahib Corridor agreement between India and Pakistan.
• Location: Gurdwara Darbar Sahib Kartarpur, Narowal, Pakistan.

Mandates and Objectives:

• Objective:
  • To ensure uninterrupted travel for Indian pilgrims to the holy Gurdwara Darbar Sahib Kartarpur in Pakistan.
  • The agreement has been extended for five years, continuing the facilitation of pilgrimages.
  • India has also requested Pakistan to waive the $20 service charge for visiting pilgrims.
• Background of the Agreement:
  • The Kartarpur Sahib Corridor agreement was originally signed on October 24, 2019, enabling Indian pilgrims to visit the Gurdwara without a visa.

Important Terms Explained:

• Kartarpur Sahib Corridor: A visa-free border corridor connecting the Gurdwara Darbar Sahib in Pakistan to India, allowing Sikh pilgrims to visit one of their holiest sites.
• Service Charge: Pakistan imposes a $20 fee per pilgrim for access to the Kartarpur corridor, which India is urging to be waived.

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National Affairs – Daily Current Affairs October 23

15. Who launched the retail of Bharat Chana Dal Phase – II in Delhi-NCR by flagging off mobile vans?
A) Shri Narendra Modi
B) Shri Nitin Gadkari
C) Shri Amit Shah
D) Shri Pralhad Joshi
E) Shri Piyush Goyal
Answer: D) Shri Pralhad Joshi

Event and Location:

• Event: Launch of Bharat Chana Dal Phase – II retail in Delhi-NCR.
• Location: Delhi-NCR, flagged off by Union Minister Shri Pralhad Joshi.

Mandates and Objectives:

• Chana Dal Pricing:
  • Chana Dal is priced at ₹70 per kg, and Chana Whole at ₹58 per kg.
  • The dal is sourced from 3 lakh tons of Chana stock from the Price Stabilisation Buffer.
  • The government aims to ensure the availability of essential food items at affordable prices during the festive season.
• Expansion of Bharat Brand:
  • The Bharat brand now includes Moong and Masur Dals, available at the following prices:
    • Moong Dal: ₹107 per kg
    • Moong Sabut: ₹93 per kg
    • Masur Dal: ₹89 per kg

Important Terms Explained:

• Price Stabilisation Buffer:
  • A government mechanism to maintain stable prices of essential commodities like pulses by storing and releasing them as necessary.
• NCCF (National Cooperative Consumers’ Federation of India Ltd):
  • A cooperative society engaged in retailing food and consumer goods to stabilize prices.
• NAFED (National Agricultural Cooperative Marketing Federation of India Ltd):
  • An agency responsible for procurement, storage, and distribution of agricultural products in India.

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16. Which institution signed MoUs with six organizations for the welfare of Divyangjan in October 2024?
A) NIELIT Haridwar
B) NIEPVD Dehradun
C) Uttarakhand Open University
D) National Association for the Blind
E) Max Hospital Dehradun
Answer: B) NIEPVD Dehradun

Event and Location:

• Event: MoUs signed by the National Institute for Empowerment of Persons with Visual Disabilities (NIEPVD) for the welfare of Divyangjan (persons with disabilities).
• Location: Dehradun, Uttarakhand.

Mandates and Objectives:

• Purpose of MoUs:
  • To enhance the welfare and empowerment of Divyangjan through collaboration in areas such as modern technology, artificial intelligence, psychological support, and protection against online fraud.
  • Focus on promoting the utilization of modern teaching-learning materials and technical training for teachers in special education.
• Key Institutions Involved:
  • Uttarakhand Open University (Haldwani)
  • NIELIT Haridwar
  • Max Hospital Dehradun
  • Pratham NGO (Mumbai)
  • National Association for the Blind (NAB) Delhi
  • Torchit Pvt. Ltd. (Ahmedabad)

Important Terms Explained:

• Divyangjan: A term introduced by the Indian government to describe persons with disabilities, promoting dignity and inclusivity.
• Artificial Intelligence (AI): Technology used in various ways to aid Divyangjan in overcoming accessibility challenges, such as screen readers and smart tools.

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17. Which groups of students are the primary beneficiaries of the PM YASASVI scheme?
A) SC and ST students
B) OBC, EBC, and DNT students
C) Minority students
D) General category students
E) Women students
Answer: B) OBC, EBC, and DNT students

Event and Location:

• Event: Launch of the PM Young Achievers’ Scholarship Award Scheme for Vibrant India (PM YASASVI).
• Location: India, implemented under the Ministry of Social Justice and Empowerment.

Mandates and Objectives:

• Objective:
  • The scheme aims to provide financial assistance and promote educational empowerment for students from Other Backward Classes (OBC), Economically Backward Classes (EBC), and Denotified Tribes (DNT).
  • Consolidates earlier initiatives like the Dr. Ambedkar Post-Matric Scholarship Scheme for EBCs and Dr. Ambedkar Pre-Matric and Post-Matric Scholarship Scheme for DNTs.
• Scope of the Scheme:
  • Pre-Matric Scholarship: For students in Classes IX and X.
  • Post-Matric Scholarship: For post-secondary education.
  • Top Class School & College Education: Supporting meritorious students with full financial coverage.
  • Construction of Hostels for OBC boys and girls near schools and colleges.

Important Terms Explained:

• OBC (Other Backward Classes): Socially and educationally disadvantaged communities recognized by the Indian government.
• EBC (Economically Backward Classes): Economically disadvantaged communities not covered by caste-based reservations.
• DNT (Denotified Tribes): Nomadic tribes that were listed as criminal tribes during colonial rule and are now denotified.

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Over All Review

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