Daily Current Affairs 23rd Oct, 2024: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 23rd Oct, 2024. It includes all Major National, International, Business and Sports related current affairs of 23rd 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 23rd Oct, 2024 Current affairs test.
International News
Israel Becomes 69th Member of Asian Development Bank (ADB)
- In a notable advancement in international financial relations, Israel has officially joined the Asian Development Bank (ADB) as a non-regional member.
- The Manila-based financial institution confirmed the news on Friday, stating that Israel has met all membership requirements and is now the 69th member of the ADB.
- This marks Israel’s 20th non-regional membership in the bank and highlights its efforts to strengthen global strategic ties and expand economic influence.
Egypt Achieves ‘Malaria-Free’ Status: A Public Health Triumph
- Egypt has been officially declared malaria-free by the World Health Organization (WHO) as of October 20, 2024, marking a major achievement in public health.
- This recognition makes Egypt the second country in 2024, after Cabo Verde, to receive this prestigious certification.
Maldives Introduces UPI Payment Service to Stimulate Economic Growth
- President Mohamed Muizzu of the Maldives has launched the Unified Payments Interface (UPI) service, developed by India, to enhance financial inclusion and transaction efficiency in the Maldives.
- This initiative aims to boost the economy and improve the financial ecosystem.
- The project will be overseen by a consortium led by TradeNet Maldives Corporation and monitored by government ministries.
- This move aligns with a broader strategy to strengthen relations with India, following Muizzu’s previous opposition to an Indian military presence in the Maldives.
Vietnam Elects Military Leader Luong Cuong as President
- Vietnam’s National Assembly has elected army general Luong Cuong as the country’s new president, in a move intended to bring political stability following a period of upheaval.
- Cuong, 67, succeeds To Lam, who briefly held the position before transitioning to the more powerful role of party chief after the passing of former general secretary Nguyen Phu Trong in July.
National News
Odisha Government Increases Casual Leave for Women Employees
- The Odisha government has announced an increase in casual leave (CL) for women employees, adding 12 more days per year, bringing their total leave to 27 days annually.
- This move, effective immediately, follows an Independence Day announcement by Deputy CM Pravati Parida, who also introduced paid menstrual leave for women employees.
Defence News
India Launches Fourth Nuclear-Powered Submarine
- India’s defence capabilities received a major boost with the launch of the fourth nuclear-powered ballistic missile submarine (SSBN), designated S4*, at the Ship Building Centre in Visakhapatnam.
- This new submarine, which is larger and more advanced than its predecessor INS Arihant, marks a significant development in India’s strategic naval forces.
Swavlamban 2024: Showcasing Naval Innovation and Indigenisation
- The Indian Navy is set to host the third edition of the Naval Innovation and Indigenisation Organisation (NIIO) Seminar, Swavlamban 2024, on October 28-29, 2024, in New Delhi.
- Vice Admiral Krishna Swaminathan, Vice Chief of Naval Staff, announced the seminar at a press conference, where he outlined its focus on advancing naval innovation and promoting indigenous technologies to enhance India’s defence capabilities.
Justice Yahya Afridi Named Pakistan’s Next Chief Justice Amid Political Tension
- Pakistan’s special parliamentary committee has appointed Justice Yahya Afridi as the country’s new Chief Justice, bypassing the traditional seniority principle.
- The decision follows the recent 26th Constitutional Amendment, which grants the committee authority to select the Chief Justice.
- Afridi’s appointment over more senior judges has raised concerns about potential political discord.
Agreements News
India and Pakistan Renew Kartarpur Corridor Agreement
- India and Pakistan have agreed to renew the Kartarpur Sahib Corridor Agreement for an additional five years, following a visit by Indian External Affairs Minister S. Jaishankar to Islamabad, where he met with Pakistan’s Prime Minister Shehbaz Sharif and Deputy Prime Minister Mohammad Ishaq Dar.
Banking News
Freo Obtains IRDAI License to Expand Insurance Services
- Digital finance app Freo has secured a corporate agent license from the Insurance Regulatory and Development Authority of India (IRDAI), enabling it to offer customized insurance products to its 25 million users.
- This expansion aims to address the low insurance penetration in India, particularly in Tier II and III cities, aligning with India’s vision of achieving “Insurance For All By 2047.”
RBI Adds 13 New Entities to Alert List for Unauthorized Forex Trading Platforms
- The Reserve Bank of India (RBI) has updated its ‘Alert List’ of unauthorized forex trading platforms, adding 13 new entities, bringing the total to 88.
- The list includes platforms not authorized to deal in foreign exchange under the Foreign Exchange Management Act (FEMA).
- Notable additions include TDFX, Inefex, and Ranger Capital.
- The RBI emphasized that some entities promote unauthorized platforms via advertisements or claim to offer advisory services.
Economy News
India’s Economic Growth Predicted at 7-7.2% for FY25
- Deloitte India’s latest Economic Outlook report forecasts that India’s economy will grow between 7.0% and 7.2% in the fiscal year 2024-25.
- The prediction follows a slowdown in Q1, where GDP grew by 6.7% year-on-year.
- The projected growth is attributed to strong manufacturing, stable oil prices, and potential easing of U.S. monetary policy, which may encourage capital inflows.
- The Reserve Bank of India (RBI) similarly projects growth at 7.2%.
IMF Maintains India’s GDP Growth at 7% for FY25 and 6.5% for FY26
- The International Monetary Fund (IMF) has maintained its GDP growth projections for India, forecasting 7% growth for FY25 and 6.5% for FY26.
- According to the IMF, India’s post-pandemic recovery has plateaued, and the economy is now returning to its long-term growth trajectory.
Important Days
Disarmament Week 2024: 24-30 October
- Disarmament Week is observed from October 24 to 30 each year, aligning with the founding anniversary of the United Nations.
- This week is dedicated to raising awareness about the importance of disarmament and fostering global dialogue on reducing weapons’ proliferation.
Global Media and Information Literacy Week 2024: 24-31 October
- Global Media and Information Literacy Week, observed annually from October 24 to 31, celebrates progress in promoting media and information literacy.
- Stakeholders globally host events during this week, with UNESCO and a member state co-hosting the international conference to further the cause.
United Nations Day 2024: History, Theme, and Importance
- United Nations Day, celebrated annually on October 24, commemorates the founding of the UN in 1945.
- The day is marked as a global celebration of the organization’s efforts to promote peace, human rights, and development across the world.
World Development Information Day 2024: History and Significance
- World Development Information Day is celebrated annually on October 24 to draw attention to development issues and promote the dissemination of information supporting international cooperation.
- Established by the UN General Assembly in 1972, the observance highlights the importance of mobilizing public opinion on sustainable development.
Summits and Conferences News
COP16 Begins in Colombia with Global Focus on Biodiversity
- The United Nations Biodiversity Conference (COP16) commenced in Colombia, gathering representatives from nearly 200 countries.
- The conference will assess progress toward halting biodiversity loss, following the Kunming-Montreal Global Biodiversity Framework, signed by 196 nations.
Sports News
Karnataka Wins 24th National Para-Swimming Championship
- Karnataka emerged as the overall champion at the 24th National Para-Swimming Championship, scoring 392 points.
- Maharashtra finished in second place with 378 points, while Rajasthan secured third with 248 points.
Deepika Kumari Claims Silver at 2024 Archery World Cup Final in Mexico
- Indian archer Deepika Kumari won a silver medal in the women’s recurve event at the 2024 Archery World Cup Final in Tlaxcala, Mexico.
- She was defeated 6-0 in the final by China’s Li Jiaman, who also earned a silver medal at the Paris 2024 Olympics.
