Daily Current Affairs 29th Oct, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 29th Oct, 2024. It includes all Major National, International, Business and Sports related current affairs of 29th 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 29th Oct, 2024 Current affairs test.
National News
India’s First Writer’s Village Opens in Dehradun
- Dehradun recently inaugurated India’s first ‘Writer’s Village’ in a ceremony graced by former President Ram Nath Kovind, Uttarakhand Governor Lt Gen Gurmeet Singh (retd), and Chief Minister Pushkar Singh Dhami.
- This one-of-a-kind village is designed to cultivate creativity and provide an encouraging space for writers nationwide, positioning Dehradun as an emerging cultural center for literary pursuits.
International News
Brazil Declines Participation in China’s Belt and Road Initiative
- In a notable diplomatic stance, Brazil has chosen to opt out of China’s Belt and Road Initiative (BRI), making it the second BRICS nation after India to refrain from joining Beijing’s expansive infrastructure project.
- This decision, led by President Luiz Inácio Lula da Silva and influenced by Celso Amorim, the President’s special advisor on international affairs, signals Brazil’s cautious approach to participating in China’s influential global framework.
- The move reflects Brazil’s interest in exploring different forms of collaboration with China while remaining independent of the BRI’s structure.
Business News
GAIL and VERBIO India to Collaborate on CBG Projects Using Agricultural Waste
- GAIL (India) Limited and VERBIO India have entered into a partnership by signing a Memorandum of Understanding (MoU) to work together on compressed biogas (CBG) projects that use agricultural residue as a base.
- This collaboration aligns with India’s climate targets and aims to boost rural incomes by converting agricultural waste into renewable energy.
- The MoU was signed by Sumit Kishore, GAIL’s Executive Director, and Ashish Kumar, Managing Director of VERBIO, with key officials Sandeep Kumar Gupta (C&MD, GAIL) and Claus Sauter (Founder/CEO of VERBIO) also in attendance.
FSIB Nominates Ashok Chandra as Next MD and CEO of PNB
- The Financial Services Institutions Bureau (FSIB) has recommended Ashok Chandra for the role of Managing Director (MD) and Chief Executive Officer (CEO) of Punjab National Bank (PNB). Currently, Chandra is the Executive Director at Canara Bank, a position he has held since November 2022.
- With a banking career that began in 1991 at Corporation Bank, he holds a Master’s in Economics and is a Certified Associate of the Indian Institute of Bankers.
- Chandra will succeed Atul Kumar Goel when his tenure ends on December 31, 2024.
Slice Completes Merger with North East Small Finance Bank
- Fintech company Slice has completed its merger with North East Small Finance Bank over a year after the merger received the Reserve Bank of India’s (RBI) approval.
- The union brings together their operations, assets, and branding, expanding the bank’s presence in India’s northeastern region.
SBI and India Exim Bank Address Trade Financing Needs in Africa
- The State Bank of India (SBI) and India Exim Bank have stepped up to support businesses in African nations by addressing the trade finance gap.
- This initiative was underscored by remarks from the South African heads of both organizations at the India Entrepreneurs Forum (IEF).
Appointments News
Vipin Kumar Assumes Role as Chairman of Airports Authority of India
- Vipin Kumar, a 1996-batch IAS officer from the Bihar cadre, has taken on the role of Chairman of the Airports Authority of India (AAI).
- Prior to this appointment, he served as the Additional Secretary in the Department of School Education & Literacy under the Ministry of Education.
Shashwat Sharma Named New CEO of Bharti Airtel
- Bharti Airtel has appointed Shashwat Sharma as its new Managing Director (MD) and Chief Executive Officer (CEO), effective January 1, 2026.
- This change is part of the company’s succession planning, which sees the current MD and CEO, Gopal Vittal, transitioning to the role of Executive Vice Chairman.
- During Vittal’s 12-year leadership, Airtel’s market capitalization multiplied fivefold, and its revenue market share rose from 30% to 40%.
Awards News
Rodri and Bonmati Clinch Ballon d’Or 2024
- The 2024 Ballon d’Or ceremony in Paris spotlighted Manchester City and Spain midfielder Rodri, who won the men’s Ballon d’Or, outshining competitors from Real Madrid.
- The event also celebrated other notable achievements, including recognitions for young players, coaching, and club accomplishments.
Chiranjeevi Receives ANR Award from Amitabh Bachchan
- Telugu film star Chiranjeevi was honored with the ANR National Award 2024, presented by Amitabh Bachchan at an event organized by the Akkineni International Foundation.
- This prestigious award celebrates lifetime achievements in cinema.
- Bachchan praised Chiranjeevi for his significant contributions and commended the Telugu film industry’s impact on Indian cinema.
Pro Kabaddi League Named ‘Best Sports League’ at CII Awards
- The Pro Kabaddi League (PKL) was awarded the ‘Best Sports League of the Year’ title at the Confederation of Indian Industry (CII) Sports Business Awards 2024.
- The award ceremony took place in New Delhi as part of the CII Score Card 2024 event, coinciding with the launch of PKL’s 11th season.
Sri Sri Ravi Shankar Honored with Fiji’s Highest Civilian Award
- Gurudev Sri Sri Ravi Shankar has been awarded the “Honourary Officer of the Order of Fiji,” Fiji’s highest civilian honor.
- Presented by President Ratu Wiliame M. Katonivere, the award recognizes Sri Sri’s efforts in promoting peace and unity worldwide.
- Expressing his gratitude, Sri Sri shared his appreciation on social media.
Schemes News
Pradhan Mantri Vanbandhu Kalyan Yojana (PMVKY)
- Launched on October 28, 2014, the Pradhan Mantri Vanbandhu Kalyan Yojana (PMVKY) aims to uplift India’s tribal communities, who comprise 8.9% of the population.
- With a budget allocation of ₹26,135.46 crore from 2021-2026, this scheme emphasizes sustainable development to address the unique socio-economic challenges faced by these communities, aligning with the government’s vision of “Sabka Saath, Sabka Vikas.”
‘This Diwali with MY Bharat’ Nationwide Volunteering Initiative
- Union Minister Dr. Mansukh Mandaviya has initiated ‘This Diwali with MY Bharat – Ye Diwali MY Bharat Ke Saath,’ a volunteer program celebrating the first anniversary of the MY Bharat Portal.
- Running from October 27 to 30, 2024, the initiative aims to mobilize over 200,000 volunteers across 500 Indian locations to promote community service and a sense of togetherness during Diwali.
Rajasthan Government Introduces Investment Promotion Scheme
- The Rajasthan government has launched the Rajasthan Investment Promotion Scheme (RIPS) 2024, a key initiative aimed at attracting private investments and bolstering economic growth.
- RIPS is expected to provide financial incentives across various sectors, enhancing the state’s appeal as an investment destination ahead of the upcoming ‘Rising Rajasthan’ Global Investment Summit 2024.
Sports News
Australian Cricketer Matthew Wade Announces Retirement
- After a remarkable 13-year career, Australian wicketkeeper-batter Matthew Wade has retired from international cricket.
- Known for his tenacious playing style, Wade has transitioned to a coaching role within Australia’s cricket team, preparing for the T20I series against Pakistan and the following ODI series.
- Wade’s guidance is anticipated to provide valuable support to the emerging generation of Australian players.
Chirag Chikkara Wins Gold at U23 World Wrestling Championships
- Indian wrestler Chirag Chikkara made history by winning gold at the Under-23 World Wrestling Championships, marking him as the third Indian wrestler to achieve this feat.
- Competing in the 57kg freestyle category, Chikkara secured his victory in a close 4-3 match against Kyrgyzstan’s Abdymalik Karachov, contributing to India’s impressive total of nine medals in the tournament.
Important Days
Ayurveda Day 2024
- Celebrated on October 29, 2024, Ayurveda Day honors the ancient Indian holistic health system, Ayurveda.
- Now in its 9th year, the observance coincides with Dhanvantari Jayanti and unites over 150 countries under this year’s theme, “Ayurveda Innovations for Global Health.”
- The theme underscores Ayurveda’s potential to address global health issues like non-communicable diseases and antimicrobial resistance.
World Cities Day 2024
- World Cities Day, observed every year on October 31, celebrates the progress of urbanization while addressing the issues brought by rapid city growth.
- Established by the United Nations General Assembly in 2013, this day supports global conversations on sustainable urbanization, aligned with Sustainable Development Goal 11 (SDG 11), which strives to make cities inclusive, safe, and sustainable.
