Daily Current Affairs 12th Oct, 2024: Your guide for daily General Knowledge Preparation
Dear Readers,
This post contains important current affairs of 12th Oct, 2024. It includes all Major National, International, Business and Sports related current affairs of 12th 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 12th Oct, 2024 Current affairs test.
BANKING & FINANCE
UPI Transaction Volume Grows by 52% and Value Increases by 40% in First Half of 2024: Report
The Unified Payment Interface (UPI) witnessed a 52% rise in transaction volumes during the first six months of 2024 (H1CY24) when compared to the same period in 2023 (H1CY23). The transaction volume increased from 51.9 billion in H1CY23 to 78.97 billion in H1CY24.
RBI Instructs Asset Reconstruction Companies to Join All Credit Information Companies
The Reserve Bank of India (RBI) has directed asset reconstruction companies (ARCs) to become members of all credit information companies (CICs) and submit the necessary data in accordance with the Uniform Credit Reporting Format. Currently, there are four CICs: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark.
SEBI Extends Deadline for Direct Payout of Securities to November 11, 2024
The Securities and Exchange Board of India (SEBI) has extended the deadline for the implementation of the direct payout of securities to the Demat account from October 14 to November 11, 2024. This extension is aimed at ensuring smooth execution, following input from key stakeholders including clearing corporations, exchanges, and stock brokers. SEBI also held a review meeting with Market Infrastructure Institutions (MIIs) and the Brokers’ Industry Standards Forum (ISF).
NATIONAL NEWS
Cabinet Committee on Security Approves Phase III of Space-Based Surveillance Mission
The Cabinet Committee on Security (CCS), led by Prime Minister Narendra Modi, has given the green light for Phase III of the Space-Based Surveillance (SBS) mission, which is intended to enhance surveillance for both land and maritime areas. This initiative will serve both civilian and military needs and is managed by the National Security Council Secretariat in collaboration with the Defence Space Agency under the Ministry of Defence.
STATE NEWS
Maharashtra Cabinet Recommends Bharat Ratna for Ratan Tata
The Maharashtra Cabinet, under the leadership of Chief Minister Eknath Shinde, has passed a resolution urging the Central Government to award Ratan Tata the Bharat Ratna, India’s highest civilian honor.
BUSINESS NEWS
Indian Oil Hosts Indane XTRATEJ HORECA Harmony Meet in Kolkata
Indian Oil hosted the Indane XTRATEJ HORECA Harmony Meet at JW Marriott in Kolkata, which brought together key figures from the city’s hospitality industry, including hoteliers, restaurateurs, and caterers. The event was graced by the presence of Master Chef Sanjeev Kapoor, who serves as the brand ambassador for Indane XTRATEJ.
AWARDS AND HONOURS
2024 Nobel Prize in Literature: Han Kang Honored for Poetic Exploration of Trauma
The 2024 Nobel Prize in Literature has been awarded to South Korean author Han Kang for her poetic prose that deeply explores themes of trauma, human fragility, and the connection between personal and societal history. Her work reflects profound ideas about memory, resistance, and identity.
APPOINTMENTS & RESIGNATIONS
Manoj Kumar Dubey Named Chairman and Managing Director of Indian Railway Finance Corporation
Manoj Kumar Dubey has been appointed as the new Chairman and Managing Director (CMD) and Chief Executive Officer (CEO) of the Indian Railway Finance Corporation (IRFC). His appointment followed recommendations from a Search-cum-Selection Committee, and he took over after the interim CMD position was held for over two years. Dubey is a 1993-batch officer of the Indian Railway Accounts Service (IRAS) and previously served as Director (Finance) at the Container Corporation of India (CONCOR). His tenure with Indian Railways includes leading initiatives such as the introduction of e-tendering, e-auctions, and the digitization of salary and pension processes.
ACQUISITIONS & MERGERS
Amazon Acquires MX Player and Merges It with miniTV to Launch Amazon MX Player
Amazon has acquired MX Player, a free streaming OTT platform, and merged it with its content service miniTV to create ‘Amazon MX Player.’ This merger aims to expand its reach and offer premium free entertainment to a larger audience.
SPORTS NEWS
Rafael Nadal Announces Retirement After Illustrious Tennis Career
Tennis legend Rafael Nadal has announced his retirement, set to follow his participation in the upcoming Davis Cup final, ending a career spanning 23 years. The 38-year-old Spaniard shared his decision through a heartfelt video on the platform X (formerly Twitter), where he reflected on the injuries and challenges he has faced in recent years. Nadal turned professional at the age of 15 in 2001 and quickly rose to prominence.
Key Achievements:
- Grand Slam Titles: 22
- Record French Open Titles: 14
- US Open Titles: 2
- Wimbledon Titles: 2
- Australian Open Titles: 2
- Davis Cup Titles: 5
- Olympic Gold Medals: 2 (1 in Singles, 1 in Doubles)
- ATP Tour Titles: 92
- Career Prize Money: Over $130 million
Nadal ranks second in the history of Grand Slam wins, with Novak Djokovic holding 24 titles, Nadal with 22, and Roger Federer with 20.
IMPORTANT DAYS
World Arthritis Day: October 12
- World Arthritis Day 2024 falls on October 12.
- The theme for World Arthritis Day 2024 is “Informed Choices, Better Outcomes.”
- The Arthritis Foundation established World Arthritis Day.
- ‘The Greek terms “arthro,” which means “joint,” and “itis,” which means “inflammation,” are the origin of the word “arthritis.” Inflammation of the joints is a symptom of arthritis.
- Any living organism with bones is susceptible.
- The existence of ankle arthritis in humans dates back to at least 4500 B.C., and there is evidence that it was present in dinosaurs as well! In actuality, it was among the most prevalent diseases among prehistoric populations.
- In William Musgrave’s 1715 book “De Arthritide Symptomatica,” it was first in-depth researched and categorized.