Daily Current Affairs 26th Oct, 2024: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 26th Oct, 2024. It includes all Major National, International, Business and Sports related current affairs of 26th 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 26th Oct, 2024 Current affairs test.
National News
₹200 Crore Census to Strengthen India’s Livestock Sector
- Union Minister Rajiv Ranjan Singh inaugurated the 21st Livestock Census on Friday, which will be carried out until February of the coming year at an estimated cost of ₹200 crore.
- He stressed the importance of collecting accurate data to help the government design effective policies, which are essential for safeguarding animal health and encouraging growth within the livestock industry.
International News
Asia Clean Energy Summit 2024 in Singapore
- The 11th Asia Clean Energy Summit (ACES) was held as a key part of the annual Singapore International Energy Week (SIEW) from October 22 to 24, 2024, in Singapore.
- This notable conference and exhibition drew experts, innovators, and policy-makers together to promote clean energy advancements in Asia.
India-Maldives Relations Strengthened as NCGG Concludes Training for Maldivian Civil Servants
- The National Centre for Good Governance (NCGG) has successfully finished its 34th Capacity Building Programme (CBP) for Maldivian civil servants in New Delhi.
- The two-week training, from October 14 to 25, 2024, was organized with the Ministry of External Affairs (MEA) and is part of a renewed agreement signed between India’s External Affairs Minister Dr. S. Jaishankar and Maldives’ Foreign Minister Mr. Moosa Zameer.
- This MoU, effective from 2024 to 2029, targets the training of 1,000 Maldivian civil servants, reinforcing India’s dedication to improving governance in the Maldives.
State News
NTPC Collaborates with Indian Army for a Solar-Powered Project in Ladakh
NTPC has partnered with the Indian Army to build a solar hydrogen-powered microgrid at Chushul, Ladakh.
- This project aims to provide a dependable power source for off-grid Army locations, utilizing environmentally friendly hydrogen energy.
- Defence Minister Rajnath Singh inaugurated the project virtually.
- The initiative intends to replace current diesel generators with a green energy solution, capable of producing 200 kW year-round, even in harsh winter conditions at an altitude of 4,400 meters, where temperatures can reach -30°C.
Defence News
Indian Navy Welcomes Seventh ASW Ship ‘Abhay’ to its Fleet
- The Indian Navy’s seventh Anti-Submarine Warfare Shallow Water Craft (ASW SWC), named ‘Abhay’, was launched at the Kattupalli facility of M/s L&T on October 25, 2024.
- Constructed by Garden Reach Shipbuilders & Engineers (GRSE), this ship adds to India’s growing maritime defense capabilities.
Chanakya Defence Dialogue 2024 Wraps Up in New Delhi
- The Chanakya Defence Dialogue 2024 concluded on October 25th at the Manekshaw Centre, New Delhi.
- This was the second edition of the international seminar organized by the Indian Army.
- The event brought together policymakers, strategic experts, scholars, veterans, and defense officials from several nations, focusing on India’s strategic policies and developmental goals.
Awards News
Sakharov Prize 2024 Awarded to María Corina Machado and Edmundo González Urrutia
- The European Parliament has announced that María Corina Machado and President-elect Edmundo González Urrutia will receive the 2024 Sakharov Prize for Freedom of Thought.
- This prestigious award honors their dedication to restoring democracy and freedom in Venezuela amidst political and economic challenges.
- The decision was made by the Conference of Presidents, with European Parliament President Roberta Metsola announcing the winners.
Important Days News
World Day for Audiovisual Heritage 2024: Acknowledging Cultural Preservation
- Each year, October 27 is celebrated as the World Day for Audiovisual Heritage. This day recognizes the work of professionals who safeguard our cultural legacy through the preservation of audiovisual materials.
- Established by UNESCO in 2005, the day draws attention to the unique challenges facing audiovisual materials, including risks from chemical decay and technological changes.
Agreements News
India Signs Electoral Cooperation Agreement with Uzbekistan
- The Election Commission of India has entered into an electoral cooperation agreement with Uzbekistan’s central electoral body.
- This agreement was sealed during Chief Election Commissioner Rajiv Kumar’s visit to Tashkent, where he is participating as an international observer for Uzbekistan’s upcoming elections on October 27.
Economy News
NIPFP Reduces India’s FY25 GDP Growth Projection to 6.9-7.1%
- The National Institute of Public Finance and Policy (NIPFP) has adjusted India’s GDP growth estimate for FY25 to 6.9-7.1%.
- The revision follows a notable slowdown in growth in the June quarter, primarily driven by a drop in net exports and a reduction in government consumption tied to the enforcement of the model code of conduct.
Government Doubles Mudra Loan Limit to Rs 20 Lakh to Support Entrepreneurs
- The government has increased the maximum limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) from Rs 10 lakh to Rs 20 lakh, introducing a new ‘Tarun Plus’ category.
- This move, announced by Finance Minister Nirmala Sitharaman in the July 2024 Budget, aims to boost entrepreneurship.
- It is designed to empower small business owners who have successfully repaid earlier loans, aligning with the government’s initiative to “Fund the Unfunded.”
Appointments News
Amitabh Chaudhry’s Tenure as Axis Bank MD and CEO Extended
- Axis Bank has confirmed the extension of Amitabh Chaudhry’s tenure as Managing Director and Chief Executive Officer for another three years.
- The renewed term will start on January 1, 2025, and continue until December 31, 2027.
Business News
Nvidia Surpasses Apple as the World’s Most Valuable Company
- Nvidia has surpassed Apple to become the most valuable company globally, driven by a surge in its share price due to high demand for its advanced AI supercomputing chips.
- At its peak, Nvidia’s market capitalization reached $3.53 trillion, slightly above Apple’s $3.52 trillion, according to LSEG data.
Airbus Opens New Headquarters and Training Centre in India
- Airbus has inaugurated a new headquarters and training facility for India and South Asia in the National Capital Region.
- This strategic investment will enhance the Indian aerospace sector.
- The center includes four A320 simulators and has a capacity to train 800 pilots and 200 technicians yearly, reinforcing Airbus’s presence in the region.
EIB Funds Bengaluru Suburban Railway Project with ₹2,800 Crore Investment
- The European Investment Bank (EIB Global) has granted a loan of €300 million (roughly ₹2,800 crore) to develop a new suburban railway network in Bengaluru.
- This project will feature four rail corridors covering 149 km, 58 stations, and two depots. EIB Vice-President Nicola Beer emphasized that the project aims to transition commuters from road to rail, addressing traffic congestion, air pollution, and greenhouse gas emissions while improving affordable urban transport solutions.
Gujarat CM Opens the 17th Urban Mobility India Conference & Expo 2024
- Gujarat Chief Minister Bhupendra Patel inaugurated the 17th Urban Mobility India Conference & Expo on October 25, 2024, at the Mahatma Mandir Convention Centre in Gandhinagar.
- The event will continue until October 27, with over 2,000 experts and academics discussing urban transport’s future in India. This year’s theme, “Standardisation and Optimisation of Urban Transport Solutions,” focuses on improving urban mobility through integrated and innovative approaches.
