Daily Current Affairs 5th Oct, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 5th Oct, 2024. It includes all Major National, International, Business and Sports related current affairs of 5th Oct, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 5th Oct, 2024 Current affairs test.
National News
Cabinet Approves National Mission to Boost Oilseed Production
- The Union Cabinet, led by Prime Minister Shri Narendra Modi, has given the green light to the National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds).
- This initiative is a key step toward increasing the domestic production of oilseeds and achieving self-sufficiency (Atmanirbhar Bharat) in edible oils.
13,822 Jan Aushadhi Kendras Set Up Nationwide
- Under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), the government has established a total of 13,822 Jan Aushadhi Kendras across India by September 30, 2024.
- These outlets recorded sales of ₹200 crore in the last month, the highest-ever monthly sales in the history of the PMBJP.
International News
Italy and Switzerland Modify Alpine Borders
- In response to the rapid melting of glaciers due to climate change, Italy and Switzerland have redefined parts of their border in the Alps.
- The melting glaciers have shifted natural watershed lines, historically used to demarcate the frontier between the two nations. Switzerland officially ratified the new borders on September 27, 2024, following a commission’s recommendations from 2023.
- Italy is expected to approve the changes soon, with most alterations occurring around the Matterhorn region.
Nepal, India, and Bangladesh Sign Historic Electricity Trade Agreement
- Nepal, India, and Bangladesh have signed a groundbreaking agreement facilitating cross-border electricity trade.
- This partnership will enable Nepal to export surplus electricity to Bangladesh, utilizing India’s transmission infrastructure from June 15 to November 15 each year.
- Initially, Nepal will export 40 MW of hydroelectric power at a rate of 6.4 cents per unit, expected to generate $9.2 million annually for Nepal.
Agreements News
UK to Transfer Chagos Islands Sovereignty to Mauritius
- The United Kingdom has reached an agreement with Mauritius to transfer sovereignty of the Chagos Islands, a strategically important archipelago in the Indian Ocean.
- This deal will return sovereignty to Mauritius while allowing the continued operation of the U.S. military base on Diego Garcia.
Department of Posts Collaborates with Amazon to Improve Delivery Services
- The Department of Posts (DoP) and Amazon have signed a Memorandum of Understanding (MoU) to enhance logistical capabilities in India’s growing e-commerce sector.
- This collaboration will support job creation and economic growth by leveraging the DoP’s extensive network and Amazon’s global reach.
Economy News
India’s Forex Reserves Surpass $700 Billion for the First Time
- For the first time, India’s foreign exchange reserves have crossed the $700 billion mark, reaching $704.89 billion as of the week ending September 27, 2024.
- This growth reflects a $12.58 billion increase, with foreign currency assets rising by $10.4 billion to $616 billion and gold reserves increasing by $2 billion to $65.7 billion.
- The rise is attributed to the Reserve Bank of India’s dollar purchases and favorable valuation adjustments due to declining U.S. Treasury yields, a weakening dollar, and increasing gold prices.
India Reports 36% Employment Growth
- India’s employment levels have surged by 36%, adding approximately 17 million jobs between 2016-17 and 2022-23.
- This growth spans various sectors and reflects the country’s ongoing economic expansion. With its thriving democracy and vibrant economy, India continues on its path to becoming a global powerhouse.
Business News
Power Finance Corporation Secures Record $1.265 Billion Loan
The Power Finance Corporation (PFC), a leading Maharatna company and Non-Banking Financial Company (NBFC) in India’s power and infrastructure sectors, has secured a record-breaking $1.265 billion foreign currency term loan. This is the largest such loan ever obtained by an Indian public sector undertaking (PSU) and was finalized with multiple banks based in IFSC GIFT City, Gandhinagar.
Appointments News
Aviral Jain Appointed as Executive Director of RBI
- Aviral Jain has been appointed as the new Executive Director (ED) of the Reserve Bank of India (RBI), effective October 1, 2024.
- Before this, Jain served as the Regional Director for Maharashtra. In his new role, he will oversee several departments to ensure the smooth functioning of the RBI.
State News
Ahmedabad Police Launches AI-Enhanced Command and Control Centre
- The Ahmedabad Police have unveiled a cutting-edge Command and Control Centre that incorporates advanced technology to boost public safety.
- This new system represents a significant step forward in urban policing, aiming to improve operational efficiency and enhance crime prevention.
Summits and Conference News
EAM Jaishankar to Attend SCO Meeting in Pakistan After Nine Years
- External Affairs Minister S. Jaishankar will lead India’s delegation to the Shanghai Cooperation Organisation’s (SCO) Heads of Government meeting in Islamabad on October 15-16, 2024.
- This marks the first visit by an Indian External Affairs Minister to Pakistan since Sushma Swaraj’s visit in 2015. While the focus will be on regional cooperation, no bilateral meetings have been confirmed.
Banking News
Federal Bank Partners with Bhashini to Add Vernacular Support to Chatbot
- Federal Bank has signed an MoU with Bhashini, an AI-driven language translation platform, to introduce vernacular language support to its AI chatbot, Feddy.
- This initiative aligns with the Reserve Bank Innovation Hub’s (RBIH) push for local language banking, making financial services more accessible by supporting 14 Indian languages, including Hindi, Bengali, Tamil, and Marathi.
Tourism News
ADB Approves $162 Million Loan to Boost Himachal Pradesh Tourism
- On October 2, 2024, the Asian Development Bank (ADB) approved a $162 million loan to revitalize tourism in Himachal Pradesh, focusing on five districts—Hamirpur, Kangra, Kullu, Mandi, and Shimla—most affected by the COVID-19 pandemic.
- The loan will support the Sustainable and Inclusive Tourism Development Project, which aims to promote heritage and cultural sites and build new infrastructure to unlock the state’s tourism potential.
Sports News
Indian Men’s Team Wins Gold in Rapid Fire Pistol Event
- The Indian trio of Raajwardan Patil, Mukesh Nelavalli, and Harsimar Singh Rattha secured the Gold medal in the 25 Men’s Rapid Fire Pistol event at the ISSF Junior World Championship 2024 in Lima, Peru.
Mumbai Wins 15th Irani Cup After 27-Year Wait
- Mumbai’s cricket team clinched the Irani Cup title for the first time in 27 years. Led by Ajinkya Rahane, the Ranji champions won the match against the Rest of India by taking the first-innings lead in the five-day contest.
Important Days
World Teachers’ Day 2024 Celebrated on October 5th
- World Teachers’ Day is observed every year on October 5th to honor the invaluable contributions of educators worldwide.
- The theme for 2024 is “Valuing Teacher Voices: Towards a New Social Contract for Education.” Teachers play a pivotal role in shaping students’ futures by imparting knowledge and life skills, making this day a significant moment of recognition.
Obituaries News
Veteran Actor Mohanraj, ‘Keerikkadan Jose’ Fame, Passes Away at 70
- Veteran Malayalam actor Mohanraj, best known for his iconic portrayal of the villainous character “Keerikkadan Jose” in the classic film Kireedam, passed away on October 3, 2024, at the age of 70.
- His contributions to Malayalam cinema, especially as a memorable antagonist, have left a lasting legacy.
