Daily Current Affairs September 30

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September 30 | Daily Current Affairs 2024

Important Days – Daily Current Affairs September 30

1. When is International Translation Day celebrated?
A) September 21
B) September 15
C) September 30
D) October 1
E) May 24
Answer: C) September 30

Event and Location:

• Event: International Translation Day
• Date: September 30
• Location: Global celebration

Mandates and Objectives:

• Recognition: Dedicated to honouring translators and language specialists for their role in fostering global peace and collaboration.
• UN Involvement: Established through a United Nations General Assembly (UNGA) resolution in 2017.
• Objective: Celebrate the invaluable work of translators in bridging communication gaps, enhancing global understanding, and promoting cultural diversity.

Important Terms Explained:

• United Nations General Assembly (UNGA):
  • Principal policymaking body of the UN, where all member states are represented.
  • Adopted a resolution on May 24, 2017, to establish International Translation Day.
• St. Jerome:
  • Patron saint of translators, best known for translating the Bible from Greek to Latin.
  • Feast day: Celebrated on September 30, aligning with International Translation Day.

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Sports – Daily Current Affairs September 30

2. Where did Gulveer Singh break his 5000m national record in September 2024?
A) Portland, USA
B) Niigata, Japan
C) California, USA
D) Los Angeles, USA
E) Paris, France
Answer: B) Niigata, Japan

Event and Location:

• Event: Gulveer Singh breaks the national record in the men’s 5000m race
• Date: September 2024
• Location: World Athletics Continental Tour, Niigata, Japan

Mandates and Objectives:

• Record-breaking Performance: Gulveer Singh clocked 13:11.82 in the 5000m event, breaking his own national record and securing a gold medal.
• Previous Record: Singh had earlier broken Avinash Sable’s 5000m national record in June 2024 at the Portland Track Festival with a time of 13:18.92.
• 10,000m Record: In March 2024, Singh also broke the 10,000m national record, clocking 27:41.81 at The Ten track meet in California.

Important Terms Explained:

• World Athletics Continental Tour: A global athletics competition that provides a platform for elite athletes to compete in track and field events.
• Olympic Qualification Mark: The Paris 2024 Olympics qualifying mark for the 5000m is 13:00.00, which Singh missed by over 13 seconds.

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3. What is the new name of the National Cricket Academy inaugurated by the BCCI in Bengaluru?
A) National Cricket Centre
B) Cricket Excellence Academy
C) BCCI Centre of Excellence
D) Indian Sports Academy
E) Indian Sports Science Centre
Answer: C) BCCI Centre of Excellence

Event and Location:

• Event: Inauguration of the National Cricket Academy
• Date: Recently inaugurated (October 2024)
• Location: Bengaluru, India

Mandates and Objectives:

• New Name: The newly inaugurated National Cricket Academy will now be called the BCCI Centre of Excellence (CoE).
• Facility Details: Spanning 40 acres, the facility includes:
  • Three world-class grounds
  • 86 pitches, including both indoor and outdoor areas
  • 45 outdoor net pitches with safety nets from the UK
  • Indoor practice facility with premium turfs sourced from the UK and Australia
  • Sports Science and Medicine facility, available to leading Indian Olympians, aiming to enhance the entire Indian sports ecosystem.
• State-of-the-Art Amenities: Jacuzzi, lounge, massage room, kit room, physiotherapy rehab gym, and commentator rooms.

Important Terms Explained:

• BCCI (Board of Control for Cricket in India): The governing body for cricket in India, responsible for managing and promoting cricket across the country.

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Business and Economy – Daily Current Affairs September 30

4. What is the revised growth forecast for India in FY25 according to OECD?
A) 6.5%
B) 6.6%
C) 6.7%
D) 6.8%
E) 7.0%
Answer: C) 6.7%

Event and Location:

• Event: OECD revises India’s FY25 growth forecast
• Date: September 25, 2024
• Location: Global Economic Outlook (OECD Interim Economic Outlook)

Mandates and Objectives:

• Growth Forecast: The Organisation for Economic Co-operation and Development (OECD) revised India’s FY25 GDP growth to 6.7%, up from 6.6% earlier.
• FY26 Forecast: Growth is expected to rise to 6.8% in FY26.
• Inflation Projections: Inflation is now projected to be 4.5% for FY25, slightly higher than the earlier forecast of 4.3%.

Important Terms Explained:

• OECD (Organisation for Economic Co-operation and Development):
  • An international organisation promoting policies to improve the economic and social well-being of people worldwide.
  • Provides economic forecasts, policy advice, and analysis of trends.
• Inflation: The rate at which the general level of prices for goods and services is rising, affecting purchasing power.
• FY (Financial Year): The period used by governments for accounting and budget purposes, typically starting in April and ending in March the following year in India.

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5. Which organization invested $25 million in Vivriti Capital’s first climate bond?
A) World Bank
B) Reserve Bank of India
C) International Monetary Fund
D) Asian Development Bank
E) European Investment Bank
Answer: D) Asian Development Bank

Event and Location:

• Event: Vivriti Capital raises $25 million through a climate bond offer
• Date: September 30, 2024
• Location: Mumbai, India

Mandates and Objectives:

• Investor: Asian Development Bank (ADB) invested $25 million in Vivriti Capital through a senior secured debt facility.
• Purpose: This is Vivriti Capital’s first climate bond, aimed at supporting its efforts to grow a green portfolio and finance environmentally sustainable projects.
• Tenor: The debt facility has a four-year tenor, indicating a long-term commitment to climate finance.

Important Terms Explained:

• Climate Bond: A type of bond specifically earmarked to raise money for climate and environmental projects.
• NBFC (Non-Banking Financial Company): A financial institution that offers various banking services but does not hold a banking license.

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6. How much is Tata Power planning to invest in Rajasthan’s power sector as per the new MoU?
A) ₹50,000 crore
B) ₹1.2 lakh crore
C) ₹75,000 crore
D) ₹1.5 lakh crore
E) ₹2 lakh crore
Answer: B) ₹1.2 lakh crore

Event and Location:

• Event: Tata Power signs an MoU to invest in Rajasthan’s power sector
• Date: September 30, 2024
• Location: Rising Rajasthan Investor Meet, New Delhi

Mandates and Objectives:

• Investment Amount: Tata Power will invest ₹1.2 lakh crore in Rajasthan to develop the state’s power sector, focusing on renewable energy projects.
• Purpose: The investment aims to boost Rajasthan’s energy infrastructure, particularly in renewable energy, such as solar and wind power, aligning with India’s energy transition goals.
• MoU Signed During: The Rising Rajasthan Investor Meet event, which promotes investment opportunities in the state, in the presence of Rajasthan Chief Minister Bhajan Lal Sharma and Rajyavardhan Singh Rathore, State Minister of Youth Affairs and Sports.

Important Terms Explained:

• MoU (Memorandum of Understanding): A formal agreement between two or more parties outlining the intentions to collaborate on a project without creating legal obligations.

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7. Which Indian company signed a deal with Morocco to set up the first defence manufacturing plant abroad?
A) Larsen & Toubro
B) Hindustan Aeronautics Limited
C) Tata Advanced Systems Ltd
D) Bharat Electronics Limited
E) Mahindra Defence Systems
Answer: C) Tata Advanced Systems Ltd

Event and Location:

• Event: Tata Advanced Systems Ltd (TASL) signs a strategic partnership with Morocco
• Date: September 30, 2024
• Location: Casablanca, Morocco

Mandates and Objectives:

• TASL’s First Overseas Plant: Tata Advanced Systems Ltd (TASL) becomes the first Indian defence firm to set up a manufacturing plant abroad, in Casablanca, Morocco.
• Production Focus: The plant will produce approximately 100 Wheeled Armoured Platforms (WhAP), a co-developed project with DRDO (Defence Research and Development Organisation).
• Export Potential: The plant also has the potential to export armoured vehicles to other African countries.

Important Terms Explained:

• Wheeled Armoured Platform (WhAP): An 8×8 armoured vehicle designed for military purposes, co-developed by TASL and DRDO.
• Final Assembly Line (FAL): The location where the final stages of vehicle assembly occur before they are deployed.

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8. How much did bilateral goods trade between India and the US surpass in the January-July 2024 period?
A) $60 billion
B) $65 billion
C) $70 billion
D) $72 billion
E) $75 billion
Answer: D) $72 billion

Event and Location:

• Event: US remains India’s top trading partner
• Date: Data for January-July 2024
• Location: India and the US

Mandates and Objectives:

• Bilateral Trade: The US retained its position as India’s top trading partner with bilateral goods trade surpassing $72 billion in the January-July 2024 period.
• Indian Exports: Indian exports to the US grew by 9.3%, reaching $48.2 billion during the same period.
• Key Exports to the US:
  • Garments & Textiles
  • Pharma products
  • Precious & Semi-precious stones
  • Smartphones
  • Mineral fuel

Important Terms Explained:

• Bilateral Trade: The exchange of goods between two countries, contributing to their economic ties.

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9. Which organization introduced the new surrender value norms for life insurance policies, effective from October 1, 2024?
A) Reserve Bank of India (RBI)
B) Securities and Exchange Board of India (SEBI)
C) Insurance Regulatory and Development Authority of India (IRDAI)
D) Life Insurance Corporation of India (LIC)
E) National Insurance Academy (NIA)
Answer: C) Insurance Regulatory and Development Authority of India (IRDAI)

Event and Location:

• Event: New surrender value norms for life insurance policies
• Effective Date: October 1, 2024
• Regulating Body: Insurance Regulatory and Development Authority of India (IRDAI)

Mandates and Objectives:

• Policyholder Benefits: The new norms improve the surrender value benefits for life insurance policyholders, making policies more beneficial even if surrendered before maturity.
• Surrender Value: This is the amount that a policyholder is entitled to receive if they choose to discontinue the policy before the end of its term.
• Impact on Insurers: Insurers are exploring ways to manage the financial burden of the new norms as they may increase payouts to policyholders.

Important Terms Explained:

• Surrender Value: The amount paid to a policyholder if they cancel their life insurance policy before maturity.
• IRDAI: The regulatory body overseeing the insurance sector in India, ensuring policyholders’ interests are protected.

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10. Which organization flagged concerns over unethical practices in gold loans, including evergreening?
A) Securities and Exchange Board of India (SEBI)
B) National Bank for Agriculture and Rural Development (NABARD)
C) Reserve Bank of India (RBI)
D) Insurance Regulatory and Development Authority of India (IRDAI)
E) Ministry of Finance
Answer: C) Reserve Bank of India (RBI)

Event and Location:

• Event: RBI flags unethical practices in gold loans
• Date: September 30, 2024
• Location: Mumbai, India

Mandates and Objectives:

• Unethical Practices Noted:
  • Evergreening of loans: Extending new loans to cover older non-performing ones, artificially improving loan books.
  • Usage of third parties for loan sourcing and appraisal, without proper checks.
  • Loan valuation issues, including cases where assessments were done without customer presence.
• Action Required: Lenders must inform RBI about the actions taken against these practices within three months.

Important Terms Explained:

• Evergreening of Loans: A practice where new loans are issued to pay off old, non-performing loans, often masking the actual financial health of borrowers and lenders.
• Gold Loans: Secured loans where gold is pledged as collateral.

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Appointments – Daily Current Affairs September 30

11. For how long has Sumant Kathpalia been reappointed as MD & CEO of IndusInd Bank?
A) 2 years
B) 3 years
C) 4 years
D) 5 years
E) 6 years
Answer: B) 3 years

Event and Location:

• Event: Reappointment of Sumant Kathpalia as MD & CEO of IndusInd Bank
• Location: IndusInd Bank’s Board Meeting (September 29, 2024)

Mandates and Objectives:

• Board Approval: The board approved the reappointment of Sumant Kathpalia as MD & CEO for a period of 3 years.
• RBI Approval: The reappointment is subject to approval from the Reserve Bank of India (RBI).
• Reappointment Period: From March 24, 2025, to March 23, 2028.
• Leadership Role: Kathpalia has been MD & CEO since March 24, 2020, leading the Core Executive Team.

Important Terms Explained:

• IndusInd Bank: A leading Indian private-sector bank, offering a wide range of banking products and services.
• RBI (Reserve Bank of India): The central bank of India responsible for regulating the country’s financial sector and approving appointments of senior banking officials.

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12. Who administered the oath to Justice Manmohan as the Chief Justice of the Delhi High Court?
A) Delhi Chief Minister
B) President of India
C) Lieutenant Governor Vinai Kumar Saxena
D) Supreme Court Chief Justice
E) Central Government
Answer: C) Lieutenant Governor Vinai Kumar Saxena

Event and Location:

• Event: Justice Manmohan takes oath as Chief Justice of Delhi High Court
• Date: September 29, 2024
• Location: Raj Niwas, New Delhi

Mandates and Objectives:

• Oath Ceremony: Justice Manmohan was sworn in as the Chief Justice of the Delhi High Court, succeeding Chief Justice Satish Chandra Sharma, who was elevated to the Supreme Court.
• Administering Oath: The oath was administered by Delhi Lieutenant Governor Vinai Kumar Saxena.
• Judicial Tenure: Justice Manmohan, appointed as an additional judge of the Delhi High Court on March 13, 2008, was made a permanent judge on December 17, 2009.
• Retirement: Justice Manmohan is scheduled to retire on December 16, 2024.

Important Terms Explained:

• Chief Justice of a High Court: The senior-most judge responsible for the administration of justice in a state or union territory’s high court.
• Collegium System: A system in India where the Supreme Court collegium recommends appointments and transfers of judges to the higher judiciary.

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13. Who has been elected as the President of the Indian Newspaper Society (INS) for the term 2024-25?
A) Rakesh Sharma
B) Jay Shah
C) Shreyams Kumar
D) Roger Binny
E) Vinai Kumar Saxena
Answer: C) Shreyams Kumar

Event and Location:

• Event: Election of M V Shreyams Kumar as the President of Indian Newspaper Society (INS)
• Date: September 27, 2024
• Location: 85th Annual General Meeting of INS

Mandates and Objectives:

• New President: M V Shreyams Kumar, the Managing Director of Mathrubhumi, was elected as the new President of INS for the term 2024-25.
• Transition of Leadership: Shreyams Kumar will succeed Rakesh Sharma, who served as the President for the term 2023-24.
• Previous Role: Before being elected as the President, Kumar was serving as the Deputy President of INS.

Important Terms Explained:

• INS (Indian Newspaper Society): An influential body that represents the print media industry in India and advocates for the interests of newspapers and media companies.

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Defence – Daily Current Affairs September 30

14. What was the key objective of the “Army Sports Conclave” hosted by the Indian Army?
A) Recruitment of athletes
B) Promotion of cricket in the army
C) Enhancing collaboration for India’s Olympic preparation
D) Launching new sports leagues
E) Formation of new sports federations
Answer: C) Enhancing collaboration for India’s Olympic preparation

Event and Location:

• Event: Army Sports Conclave
• Date: September 30, 2024
• Location: Hosted by the Indian Army, with the presence of key sports figures and government officials.

Mandates and Objectives:

• Key Objective: The conclave focused on collaborating with national sports bodies like the Indian Olympics Association, Sports Authority of India (SAI), and National Sports Federations to align efforts toward India’s 2036 Olympic mission.
• Role of the Indian Army: The Indian Army has played a significant role in India’s sports achievements, with 9000 sportspersons trained under Mission Olympics Wing and specialized sports nodes across the country.
• Collaborative Effort: The conclave discussed strategies to enhance India’s global sporting aspirations by integrating sports science, mental preparation, and nurturing grassroots talent.
• Speakers and Guests: Key attendees included Dr. Mansukh Mandaviya, Colonel Rajyavardhan Singh Rathore (Retd), General Upendra Dwivedi, and athletes like Anju Bobby George, Mary Kom, and Tarundeep Rai.

Important Terms Explained:

• Mission Olympics Wing: Established in 2001 by the Indian Army to nurture athletes for prestigious international sports events, including the Olympics and Asian Games.
• Khelo India Program: A government initiative to promote sports from grassroots to elite levels across India, encouraging young athletes and providing world-class training facilities.

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15. When is the India-Kazakhstan Joint Military Exercise KAZIND-2024 scheduled to be held?
A) 30th October to 11th November 2024
B) 30th September to 13th October 2024
C) 1st September to 15th September 2024
D) 15th October to 30th October 2024
E) 30th August to 12th September 2024
Answer: B) 30th September to 13th October 2024

Event and Location:

• Event: India-Kazakhstan Joint Military Exercise KAZIND-2024
• Date: 30th September to 13th October 2024
• Location: Surya Foreign Training Node, Auli, Uttarakhand, India

Mandates and Objectives:

• Exercise Focus: To enhance the joint military capability of both armies for counter-terrorism operations in semi-urban and mountainous terrain under Chapter VII of the United Nations Charter.
• Indian Participation: The KUMAON Regiment of the Indian Army, along with personnel from the Indian Air Force, representing 120 Indian personnel.
• Kazakh Participation: Kazakhstan’s contingent includes personnel from the Land Forces and Air Borne Assault Troopers.

Important Drills and Objectives:

• Tactical Drills:
  • Joint response to terrorist actions
  • Establishment of Joint Command Post, Intelligence and Surveillance Centre
  • Combat Free Fall, Special Heliborne Operations, Cordon and Search Operations
  • Use of drones and counter-drone systems
• Objectives: To enhance inter-operability, share best practices, and build camaraderie between the two nations’ military forces.

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National Affairs – Daily Current Affairs September 30

16. What is the name of the initiative launched to address the needs of vulnerable sections of society through awareness generation and legal support?
A) SAMPARK
B) SARTHIE 1.0
C) SURAKSHA
D) SAHYOG
E) SANJEEVANI
Answer: B) SARTHIE 1.0

Event and Location:

• Event: Signing of MoU between Department of Social Justice & Empowerment (DoSJE) and National Legal Services Authority (NALSA)
• Date: September 30, 2024
• Location: New Delhi

Mandates and Objectives:

• Purpose of the MoU: To increase public awareness about various social welfare schemes and laws aimed at supporting marginalized sections of society.
• Collaboration Focus: The partnership aims to enhance the reach and impact of legal aid and welfare schemes through campaigns, seminars, and events for the vulnerable sections of society.
• SARTHIE 1.0 Initiative:
  • Launched to support Scheduled Castes (SCs), Other Backward Classes (OBCs), Senior Citizens, Transgender Persons, Victims of Alcoholism and Substance Abuse, Begging communities, and Denotified Tribes.
  • Aligns with the United Nations 2030 Agenda for Sustainable Development, addressing goals like eradicating poverty and reducing inequality.

Important Terms Explained:

• NALSA (National Legal Services Authority): Constituted under the Legal Services Authorities Act of 1987, NALSA provides legal aid and literacy to disadvantaged groups.
• SARTHIE 1.0 Initiative: Aimed at empowering vulnerable communities through legal support and facilitating access to government welfare schemes.

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17. By what year does the government aim to double sea cruise traffic under the Cruise Bharat Mission?
A) 2027
B) 2028
C) 2029
D) 2030
E) 2031
Answer: C) 2029

Event and Location:

• Event: Launch of Cruise Bharat Mission
• Date: September 30, 2024
• Location: India

Mandates and Objectives:

• Target: The government aims to double sea cruise traffic to one million passengers by March 2029.
• Key Components: The plan involves the development of new cruise terminals, marinas, and other infrastructure to boost cruise tourism.
• Simplified Tax Regime: The mission follows a simplified tax regime for foreign vessels, making it easier for international cruise operators to dock in Indian ports.

Important Terms Explained:

• Cruise Bharat Mission: An initiative by the Indian government to promote cruise tourism by improving infrastructure and simplifying regulations.
• Marina: A specially designed harbor for docking yachts and small boats, a key part of infrastructure for promoting cruise tourism.

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