Daily Current Affairs October 31

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October 31 | Daily Current Affairs 2024

Important Days – Daily Current Affairs October 31

1. On whose birth anniversary is National Unity Day celebrated in India?
A) Mahatma Gandhi
B) Bhagat Singh
C) Sardar Vallabhbhai Patel
D) Subhas Chandra Bose
E) Dr. B.R. Ambedkar
Answer: C) Sardar Vallabhbhai Patel

Event and Location:

• Event: Sardar Vallabhbhai Patel’s 149th Birth Anniversary
• Location: Patel Chowk, New Delhi, and Rashtrapati Bhavan, New Delhi

Mandates and Objectives:

• National Unity Day Observance: Celebrated on October 31 to:
  • Honor Sardar Patel’s vision in unifying India’s princely states after Independence.
  • Reinforce a spirit of solidarity and national integration.
• Tributes from Leaders: President Droupadi Murmu, Vice President Jagdeep Dhankhar, and Prime Minister Narendra Modi paid homage, acknowledging Patel’s impactful role as India’s first Home Minister.

Important Terms Explained:

• National Unity Day (Rashtriya Ekta Diwas):
  • Observed annually to remember Patel’s contributions to national unity.
  • Emphasizes strength through unity and encourages solidarity among Indians.
• Sardar Vallabhbhai Patel’s Role:
  • Called the Iron Man of India for his steadfast leadership in unifying over 550 princely states.
  • His actions established a solid foundation for a unified and sovereign India.

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2. What is the theme for World Cities Day 2024, celebrated annually on October 31?
A) Better City, Better Life
B) Resilient Urban Growth
C) Youth Leading Climate and Local Action for Cities
D) Sustainable Infrastructure for Urban Growth
E) Clean and Green Cities
Answer: C) Youth Leading Climate and Local Action for Cities

Event and Theme:

• Event: World Cities Day 2024
• Date: October 31
• Theme for 2024: Youth Leading Climate and Local Action for Cities

History and Background:

• Initiated by: The United Nations General Assembly in 2013 through Resolution 68/239.
• Objective: World Cities Day was established to encourage global dialogue on sustainable urban development in alignment with Sustainable Development Goal (SDG) 11, which promotes cities that are inclusive, safe, resilient, and sustainable.
• Significance of the 2024 Theme:
  • This year’s theme emphasizes the role of youth in climate action and urban development, highlighting young people as key drivers in promoting sustainable practices and innovation within cities.

Significance of World Cities Day:

• Raises global awareness about the need for sustainable urban practices to tackle issues such as pollution, overcrowding, and infrastructure challenges.
• Promotes international partnerships and the exchange of successful strategies across cities to address shared urban challenges.
• Underlines the importance of inclusive urban spaces that offer equitable opportunities for all residents.

Important Terms Explained:

• Sustainable Development Goal (SDG) 11:
  • One of the United Nations’ 17 Sustainable Development Goals, focusing on making cities inclusive, safe, resilient, and sustainable by addressing urban issues like housing, pollution, and transportation.
• New Urban Agenda:
  • A UN framework for sustainable urban growth, emphasizing well-planned and managed urban development.

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Obituary – Daily Current Affairs October 31

3. In which year did the Supreme Court of India rule that the Right to Privacy is a fundamental right under Article 21?
A) 2012
B) 2015
C) 2017
D) 2020
E) 2024
Answer: C) 2017

Event and Location:

• Event: Passing of Justice K.S. Puttaswamy, the petitioner in the landmark Right to Privacy case.
• Location of Verdict: Supreme Court of India.

Mandates and Objectives:

• Significance of the Right to Privacy Case:
  • Filed in 2012 by Justice Puttaswamy, the case challenged the Aadhaar scheme’s constitutionality due to concerns over privacy and data security.
  • A nine-judge bench in the Supreme Court ruled on August 24, 2017, that the right to privacy is intrinsic to the right to life and personal liberty under Article 21.
• Implications of the Judgment:
  • Fundamental Right Recognition: The unanimous decision established privacy as a fundamental right.
  • Impact on Aadhaar Scheme: While upholding the Aadhaar scheme’s validity, the court imposed conditions to protect individual privacy.
  • Influence on Legislation: Following this ruling, the Personal Data Protection Bill was introduced to create a legal framework for privacy and data security in India.

Important Terms Explained:

• Right to Privacy Case:
  • A landmark 2017 case where the Supreme Court of India recognized privacy as a fundamental right under Article 21, setting a precedent for data protection and individual freedom.
• Article 21 of the Indian Constitution:
  • Guarantees the Right to Life and Personal Liberty, interpreted by the court to encompass privacy as essential to human dignity.
• Aadhaar Scheme:
  • Launched in 2009 to provide unique identification numbers to residents, the scheme faced challenges due to privacy concerns over biometric data collection and storage.

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4. What was the main contribution of T P Gopalan Nambiar (TPG Nambiar), who passed away on October 31, 2024?
A) Founder of Wipro Group
B) Founder of Infosys
C) Founder of BPL Group
D) Founder of Tata Group
E) Founder of HCL
Answer: C) Founder of BPL Group

Event and Background:

• Event: Passing of T P Gopalan Nambiar (TPG Nambiar), founder of the BPL Group.
• Date and Location: October 31, 2024; Bengaluru, India.

Contributions and Legacy:

• BPL Group Foundation:
  • TPG Nambiar, widely known as TPG, was a prominent industrialist and the founder of BPL (British Physical Laboratories) Group, which became a major electronics brand in India, known for products like televisions and other consumer electronics.
  • His pioneering efforts transformed BPL into a household name in the electronics sector during the 1980s and 1990s, contributing significantly to India’s electronics market.
• Family and Associations:
  • TPG Nambiar was the father-in-law of Rajeev Chandrasekhar, a BJP leader and former Union Minister.

Important Terms Explained:

• BPL Group:
  • Founded by TPG Nambiar, BPL was one of India’s leading electronics brands, particularly known for consumer electronics and home appliances.

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Banking and Finance – Daily Current Affairs October 31

5. DBS Bank India recently earned a place in the “Best Companies – Hall of Fame” for gender equity. What percentage of the bank’s workforce currently comprises women?
A) 25%
B) 31%
C) 35%
D) 40%
E) 50%
Answer: B) 31%

Event and Recognition:

• Event: DBS Bank India recognized as one of the Best Companies for Women in India (BCWI) for the ninth consecutive year, achieving Hall of Fame status for gender equity.
• Presented by: Avtar and Seramount, organizations focused on promoting workplace diversity and inclusion.

Mandates and Objectives:

• Commitment to Gender Equity:
  • Women make up 31% of DBS Bank India’s workforce, with a target to increase to 35% within three years.
  • Key DEI Initiatives include:
    • High-Potential (HiPo) Programme: 25% of participants in the recent cohort are women.
    • LEAD and MyPersona Programs: Dedicated to empowering women in senior and mid-level roles.
    • Reimagine Programme: Provides mentorship for women returning from career breaks.
    • iGrow Platform: AI/ML-based career development tool with 77% employee adoption.
• Strategic Partnerships:
  • Collaborations with Aspire4Her to expand career opportunities for women, as well as research partnerships with CRISIL to address challenges faced by women in finance.

Important Terms Explained:

• Best Companies for Women in India (BCWI):
  • An annual study conducted by Avtar and Seramount evaluating companies based on their gender equity practices and inclusive policies.
• Diversity, Equity, and Inclusion (DEI):
  • Initiatives designed to ensure a diverse, inclusive, and fair workplace environment that supports all employees.

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Business and Economy – Daily Current Affairs October 31

6. What is the total value of the Initial Public Offering (IPO) filed by HDB Financial Services, a unit of HDFC Bank?
A) ₹10,000 crore
B) ₹2,500 crore
C) ₹12,500 crore
D) ₹15,000 crore
E) ₹25,000 crore
Answer: C) ₹12,500 crore

Event and Details:

• Event: HDB Financial Services Ltd., a subsidiary of HDFC Bank, filed for an IPO valued at ₹12,500 crore.
• Date of Filing: October 30, 2024
• Filing with: Securities and Exchange Board of India (SEBI), BSE Limited, and NSE.

IPO Structure and Objectives:

• IPO Composition:
  • Fresh Issue: ₹2,500 crore, intended for capital requirements and onward lending by HDB Financial Services.
  • Offer for Sale (OFS): ₹10,000 crore by HDFC Bank, the promoter shareholder.
• Purpose of IPO:
  • The IPO aims to raise capital for onward lending and other operational requirements, supporting HDB Financial Services’ growth in the NBFC sector.

Important Terms Explained:

• Draft Red Herring Prospectus (DRHP):
  • A preliminary registration document filed by a company with SEBI before an IPO, detailing its financials, operational history, and the IPO’s objectives.
• Offer for Sale (OFS):
  • An option in IPOs allowing existing shareholders to sell their shares to the public, not directly benefiting the company’s capital but providing an exit to shareholders.

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7. What is the primary purpose of Swiggy’s nearly ₹11,000 crore IPO?
A) Expanding its delivery fleet
B) Developing new food delivery technology
C) Expanding dark stores for its quick commerce business Instamart
D) Increasing customer service staff
E) Establishing international operations
Answer: C) Expanding dark stores for its quick commerce business Instamart

Event and IPO Details:

• Event: Swiggy announces an Initial Public Offering (IPO) of nearly ₹11,000 crore.
• IPO Dates: Open from November 6 to November 8, 2024
• Price Band: Set at ₹371 to ₹390 per share.

Key Details of the IPO Structure:

• IPO Structure:
  • Fresh Issue: ₹4,490 crore.
  • Offer for Sale (OFS): 17.5 crore equity shares.
  • Lot Size: Shares will be allotted in lots of 38 shares and its multiples.
• Use of IPO Proceeds:
  • The majority of proceeds will go towards expanding dark stores for Instamart, Swiggy’s quick commerce business.
  • Additionally, ₹1,150 crore is allocated for brand expansion and marketing.

Important Terms Explained:

• Dark Stores:
  • Small warehouses that cater to online orders only, enabling faster delivery for quick commerce businesses such as Instamart.
• Quick Commerce (Q-commerce):
  • A model that focuses on rapid delivery of daily essentials, usually within minutes, facilitated by strategic placement of dark stores.

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Appointments – Daily Current Affairs October 31

8. Who has been recently appointed as the new independent chair of the ICC Anti-Corruption Unit (ACU) starting November 1, 2024?
A) Sir Ronnie Flanagan
B) Greg Barclay
C) Geoff Allardice
D) Sumathi Dharmawardena
E) Alex Marshall
Answer: D) Sumathi Dharmawardena

Event and Location:

• Event: Appointment of Sumathi Dharmawardena as the new independent chair of the ICC’s Anti-Corruption Unit (ACU).
• Effective Date: November 1, 2024
• Location of ICC Headquarters: Dubai, United Arab Emirates

Mandates and Objectives:

• Role and Responsibilities of ACU Chair:
  • As the ACU chair, Dharmawardena will lead anti-corruption efforts in cricket by overseeing investigations, enforcing anti-corruption codes, and guiding the General Manager – Integrity on the ACU’s day-to-day functions.
  • The chair’s role also includes developing strategies to prevent match-fixing and other illicit activities in cricket globally.
• Professional Background of Sumathi Dharmawardena:
  • A seasoned legal expert, Dharmawardena served as the Additional Solicitor General in Sri Lanka’s Attorney General’s Department and worked with Interpol and the United Nations Office on Drugs and Crime (UNODC) on sports corruption cases.
  • His experience with high-profile sports investigations makes him well-suited to lead the ICC Anti-Corruption Unit (ACU).

Important Terms Explained:

• ICC Anti-Corruption Unit (ACU):
  • Established in 2000, the ACU works to uphold the integrity of cricket by monitoring, investigating, and educating on anti-corruption practices.
  • The ACU investigates suspicious activities in cricket, educates players on anti-corruption protocols, and implements codes of conduct.

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9. Who has been appointed as the new Managing Director of Castrol India effective November 1, 2024?
A) Sandeep Sangwan
B) Rakesh Makhija
C) Kedar Lele
D) David Lambe
E) Rajeev Jain
Answer: C) Kedar Lele

Event and Appointment Details:

• Event: Appointment of Kedar Lele as the new Managing Director of Castrol India.
• Effective Date: November 1, 2024

Background and Experience:

• Professional Experience:
  • Kedar Lele brings over two decades of experience from Hindustan Unilever Limited (HUL), where he last served as the Executive Director responsible for Sales & Customer Development in South Asia.
  • His expertise in strategic planning, consumer engagement, and market expansion uniquely positions him to lead Castrol India in the automotive and lubricants industry.
• Transition and Leadership Goals:
  • Kedar has been collaborating with the outgoing Managing Director, Sandeep Sangwan, since September 1, 2024, to ensure a smooth transition.
  • Sandeep Sangwan will take on a new role as Global Chief Marketing Officer at Castrol headquarters in London.

Important Terms Explained:

• Managing Director (MD):
  • A senior executive responsible for overseeing a company’s operations and setting strategic direction to achieve growth and profitability.
• Castrol India Limited:
  • A leading manufacturer and distributor of lubricants, with a strong presence in India’s automotive ecosystem, operating through an extensive network of service centers, workshops, and dealerships.

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Awards – Daily Current Affairs October 31

10. The Kendriya Grihmantri Dakshata Padak was instituted in which year to honor police personnel for excellence in critical security fields?
A) 2020
B) 2021
C) 2022
D) 2023
E) 2024
Answer: E) 2024

Event and Location:

• Event: Awarding of the Kendriya Grihmantri Dakshata Padak for the year 2024.
• Location: Ministry of Home Affairs, India.

Mandates and Objectives:

• Purpose of the Award: The Kendriya Grihmantri Dakshata Padak was instituted to:
  • Recognize outstanding contributions and promote high professional standards in Special Operations, Investigation, Intelligence, and Forensic Science.
  • Boost morale among officers and personnel of various State and Union Territory Police Forces, Central Armed Police Forces (CAPFs), and Central Police Organisations (CPOs).
• Significance of the Date:
  • The award is conferred on October 31 each year, which is the birth anniversary of Sardar Vallabhbhai Patel, celebrated as Rashtriya Ekta Diwas (National Unity Day).

Important Terms Explained:

• Kendriya Grihmantri Dakshata Padak:
  • Established in February 2024 by the Ministry of Home Affairs under the guidance of Prime Minister Narendra Modi and Home Minister Amit Shah.
  • Aims to honor police and security personnel for excellence in fields critical to national security and law enforcement.
• Fields of Award:
  • The medal is given in recognition of exemplary performance in Special Operations, Investigation, Intelligence, and Forensic Science.

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11. Which prestigious award will Francis Ford Coppola receive on April 26, 2025?
A) Academy Honorary Award
B) BAFTA Fellowship
C) AFI Life Achievement Award
D) Golden Globe Cecil B. DeMille Award
E) Directors Guild of America Lifetime Achievement Award
Answer: C) AFI Life Achievement Award

Event and Location:

• Event: Francis Ford Coppola to receive the 50th AFI Life Achievement Award.
• Date: April 26, 2025
• Location: Dolby Theatre, Hollywood

Mandates and Objectives:

• Purpose of the AFI Life Achievement Award:
  • The American Film Institute (AFI) awards the AFI Life Achievement Award annually to honor individuals who have made remarkable contributions to the art of film.
  • Kathleen Kennedy, chair of the AFI board of trustees, noted Coppola as a “peerless artist” who has produced iconic works in American cinema, such as The Godfather and Apocalypse Now, and inspired future generations of filmmakers.
• Significance of Francis Ford Coppola’s Legacy:
  • Known for his masterful films like The Godfather series and Apocalypse Now, Coppola’s contributions have shaped American cinema.
  • His latest film, Megalopolis, although not successful at the box office, reflects his continued passion and innovation in filmmaking.

Important Terms Explained:

• AFI Life Achievement Award:
  • Established by the American Film Institute (AFI) to honor outstanding achievements in film.
  • Past recipients include cinematic icons such as Denzel Washington, George Clooney, Diane Keaton, and Julie Andrews.
• American Film Institute (AFI):
  • Founded in 1967, AFI is a non-profit organization in the United States focused on preserving the history and art of American film, educating filmmakers, and celebrating cinema as an art form.

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12. The All India Football Federation (AIFF) recently received the AFC President’s Recognition Award for Grassroots Football at which level?
A) Gold
B) Silver
C) Bronze
D) Platinum
E) Diamond
Answer: B) Silver

Event and Location:

• Event: AFC President’s Recognition Award for Grassroots Football (Silver) conferred to AIFF.
• Date and Location: October 29, 2024 at the AFC Annual Awards in Seoul, South Korea.

Mandates and Objectives:

• Purpose of the Award:
  • The AFC President’s Recognition Award for Grassroots Football celebrates organizations that contribute to the development of football at the grassroots level, encouraging sustainable programs and inclusivity.
  • AIFF’s promotion to Silver level from Bronze highlights its commitment to youth engagement and development of grassroots football through structured, long-term initiatives.
• Key AIFF Initiatives:
  • Khelo India Program: Covers 90 cities, promoting grassroots activities with local collaboration.
  • Blue Cubs Vision: Aims to reach 35 million children by 2026 through football festivals, development centers, and partnerships with Indian Super League clubs.
  • FIFA-AIFF Academy: Located in Bhubaneswar, under the FIFA Talent Development Scheme, to enhance young talent development with guidance from Arsène Wenger.

Important Terms Explained:

• AFC Grassroots Charter:
  • A program by the Asian Football Confederation (AFC) to recognize and support member associations in developing grassroots football through structured initiatives, promoting widespread and inclusive access to the sport.
• Blue Cubs Initiative:
  • An AIFF initiative aiming to introduce 35 million children to football by 2026 by establishing development centers, engaging in schools, and organizing football festivals.

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National Affairs – Daily Current Affairs October 31

13. What unique element was used in the construction of the Statue of Unity to symbolize national unity?
A) Steel from Indian railways
B) Bronze from Indian monuments
C) Iron tools collected from farmers
D) Sand from Indian rivers
E) Stones from Indian mountains
Answer: C) Iron tools collected from farmers

Event and Location:

• Event: PM Modi’s Address on Rashtriya Ekta Diwas (National Unity Day)
• Location: Kevadia, Gujarat, near the Statue of Unity

Mandates and Objectives:

• Purpose of Rashtriya Ekta Diwas: Celebrates Sardar Patel’s efforts to unify India’s princely states post-Independence.
• Significance of PM Modi’s Speech:
  • Honoring Farmers’ Contributions: The Statue of Unity was constructed using iron donated by farmers from across India, reflecting national unity.
  • Promotion of Unity Projects: PM highlighted projects like One Nation, One Election and One Nation, One Ration Card aimed at consolidating unity in India.
  • Initiatives for Language Integration: Focus on strengthening Indian languages in the National Education Policy, recently designating Marathi, Bangla, Assamese, Pali, and Prakrit as classical languages.

Important Terms Explained:

• Statue of Unity:
  • The tallest statue in the world, dedicated to Sardar Vallabhbhai Patel, known as the Iron Man of India.
  • Constructed using iron tools donated by Indian farmers, symbolizing Patel’s efforts in unifying the nation.
• National Unity Day (Rashtriya Ekta Diwas):
  • Celebrated annually on October 31 to mark Sardar Patel’s legacy in unifying over 550 princely states into India.
• One Nation Initiatives:
  • Includes One Nation, One Tax (GST), One Nation, One Election, and One Nation, One Ration Card, among others, to standardize and unify systems across India.

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14. Where was the inauguration of the ‘Desh ka Vallabh’ statue of Sardar Patel and the ‘Museum of Valour’ conducted from?
A) Tawang, Arunachal Pradesh
B) Rashtrapati Bhavan, New Delhi
C) 4 Corps Headquarters, Tezpur, Assam
D) Kevadia, Gujarat
E) Arunachal Frontier Highway
Answer: C) 4 Corps Headquarters, Tezpur, Assam

Event and Location:

• Event: Virtual inauguration of the ‘Desh ka Vallabh’ statue of Sardar Vallabhbhai Patel and ‘Museum of Valour’ dedicated to Major Ralengnao ‘Bob’ Khathing.
• Location: Tawang, Arunachal Pradesh; inauguration conducted virtually by Raksha Mantri from 4 Corps Headquarters in Tezpur, Assam.

Mandates and Objectives:

• Symbol of Unity and Strength: The newly inaugurated statue and museum symbolize:
  • Sardar Patel’s legacy of national unification, with the statue as a reminder of strength in unity.
  • Major Bob Khathing’s contributions to the Northeast, including peaceful integration of Tawang and the establishment of important regional security forces.
• India-China LAC Developments:
  • Disengagement along the LAC: A near-complete disengagement process based on equal and mutual security has been achieved.
• Development of Northeast Region:
  • Prime Minister Modi’s Vision: Commitment to the economic and infrastructural development of the Northeast.
  • Strategic Projects: Projects like the Sela Tunnel and Arunachal Frontier Highway aim to enhance connectivity, foster economic growth, and improve defense infrastructure across the Northeast.

Important Terms Explained:

• Desh ka Vallabh:
  • Statue dedicated to Sardar Patel, known as the Iron Man of India, recognizing his work in unifying over 560 princely states into a united India.
• Museum of Valour:
  • A tribute to Major Bob Khathing for his role in the peaceful integration of Tawang and contributions to security in the Northeast, including founding the Sashastra Seema Bal (SSB) and the Naga Regiment.
• Arunachal Frontier Highway:
  • A 2,000-km strategic highway under development to connect remote areas of the Northeast, particularly enhancing defense and economic connectivity.

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15. What is the primary focus of Special Campaign 4.0, conducted by the Government of India from 2nd October to 31st October 2024?
A) Enhancing workplace automation
B) Improving record digitization
C) Emphasizing Swachhata and reducing pendency
D) Increasing inter-ministerial collaborations
E) Implementing financial reforms
Answer: C) Emphasizing Swachhata and reducing pendency

Event and Location:

• Event: Special Campaign 4.0 by the Ministry of Skill Development and Entrepreneurship (MSDE) as part of a government-wide initiative.
• Duration: 2nd October to 31st October 2024

Mandates and Objectives:

• Purpose of Special Campaign 4.0:
  • Aimed at promoting Swachhata (cleanliness) and reducing pendency in government departments, including attention to Member of Parliament references, Public Grievances, and Grievance Appeals.
  • The campaign focuses on efficient Record Management by reviewing and weeding out outdated files to optimize space and enhance decision-making.
• Record Management Achievements in MSDE:
  • 4,813 files reviewed, with 597 files weeded out.
  • 21,087 square feet of office space freed due to file reduction, supporting cleanliness and operational efficiency.

Important Terms Explained:

• Swachhata (Cleanliness):
  • Refers to the broader cleanliness initiative as per Prime Minister Narendra Modi’s vision to create a cleaner, more organized work environment in government offices.
• Department of Administrative Reforms and Public Grievances (DARPG):
  • This department oversees the Special Campaign across various Ministries and Departments, ensuring streamlined grievance redressal and operational efficiency.

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16. What is the main purpose of the newly launched Civil Registration System (CRS) mobile app?
A) To track vaccination records
B) To provide instant employment opportunities
C) To simplify birth and death registrations
D) To offer online medical consultations
E) To verify voter registration details
Answer: C) To simplify birth and death registrations

Event and Location:

• Event: Launch of the Civil Registration System (CRS) mobile app.
• Date: October 29, 2024
• Launched By: Union Home Minister Amit Shah

Mandates and Objectives:

• Purpose of the CRS App:
  • The CRS mobile app was developed to streamline and simplify birth and death registrations.
  • It allows citizens to register births and deaths anytime, anywhere, in their local language, aligning with the Digital India initiative.
• Key Features of the CRS App:
  • User-Friendly Interface: Easy access for registrars through a captcha and OTP verification for secure login.
  • Comprehensive Registration Options: The app provides a menu with options for Birth, Death, Still Birth, and Adoption registration, along with profile and payment management.
  • Digital Certificate Access: Users can download birth and death certificates directly from the app, ensuring quick access to vital documents.
  • Accessibility and Sustainability: Local language support enhances usability, while the app’s cost-free maintenance for states promotes sustainable use.

Important Terms Explained:

• Digital India Initiative:
  • Launched by the Government of India to improve public service accessibility through technology, promoting digital transformation in governance.
• One-Time Password (OTP):
  • A unique code sent to the user’s registered mobile number for secure login verification in the app.

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Over All Review

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