Daily Current Affairs 9th Oct, 2024: Your guide for daily General Knowledge Preparation
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This post contains important current affairs of 9th Oct, 2024. It includes all Major National, International, Business and Sports related current affairs of 9th 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 9th Oct, 2024 Current affairs test.
International News
Hurricane Milton Nears Florida, Prompting Mass Evacuations in Tampa Bay
- As Hurricane Milton approaches Florida, residents of the Tampa Bay area are evacuating en masse, fearing the potential for widespread destruction.
- Preparations are being made to protect against dangerous storm surges, high winds, and possible tornadoes.
- Authorities have strongly advised residents to evacuate while they can, with former FEMA Director Craig Fugate stating, “Today’s the last day to get ready.”
- Florida Governor Ron DeSantis has also deployed over 300 dump trucks to clear debris left by Hurricane Helene, underscoring the state’s ongoing challenges in disaster recovery.
Protests in Pakistan Over IMF-Driven 40% Tax Hike
- Pakistan is seeing a surge in protests after the government raised taxes by 40% as part of a $7 billion bailout package from the International Monetary Fund (IMF).
- The tax hike, aimed at stabilizing the country’s economy, which has been struggling with inflation and dwindling foreign reserves, has intensified the already severe cost of living crisis.
- Many citizens are now finding basic necessities unaffordable, creating a volatile situation for Prime Minister Shehbaz Sharif’s coalition government.
Bangladesh Establishes Nine-Member Constitution Reform Commission
- Bangladesh’s interim government has formed a nine-member Constitution Reform Commission, led by Bangladeshi-American academic Ali Riaz, to review and suggest reforms within a 90-day period.
- This commission, created following Prime Minister Sheikh Hasina’s resignation, aims to make the country’s governance more representative and democratic.
- The commission includes experts from various fields, including law and academia, as well as a student representative, Mahfuj Alam, who serves as special assistant to Chief Adviser Muhammad Yunus.
- This reform initiative is part of broader efforts, which also involve commissions dedicated to judiciary, police, electoral system, public administration, and anti-corruption.
National News
India-UAE Investment Pact: Streamlining Arbitration and Expanding Investor Protections
- India has recently signed a Bilateral Investment Treaty (BIT) with the United Arab Emirates (UAE), focusing on boosting investor trust and strengthening economic relations between the two nations.
- A key element of this agreement is the reduction in arbitration time for foreign investors, shortening the window from five years to three.
- Under this new provision, investors will have the option to seek international arbitration if disputes are not resolved by the Indian judicial system within this timeframe.
- The BIT, which came into effect on August 31, 2024, also widens the scope of investment protections to include shares and bonds, offering broader coverage compared to the previous treaty.
Democracy at Work: Haryana and Jammu & Kashmir Election Results
- The recent Assembly elections in Haryana and Jammu and Kashmir have concluded, with the Election Commission announcing the results on October 8, 2024.
- In Jammu and Kashmir, the alliance led by the Indian National Congress (INC) and National Conference (NC) secured a mandate from the people, while the Bharatiya Janata Party (BJP) emerged victorious in Haryana.
- These newly elected governments will assume office for a five-year term.
Economy News
Uttar Pradesh’s Rural Women Facilitate Rs 27,000 Crore in Transactions
- Rural women in Uttar Pradesh, serving as BC Sakhis, have facilitated financial transactions worth Rs 27,000 crore over the past four and a half years.
- These women, who are part of self-help groups (SHGs) under a national women empowerment scheme, provide banking services in unbanked areas. Uttar Pradesh has the highest number of BC Sakhis in India, followed by Madhya Pradesh and Rajasthan.
- Their efforts have earned them Rs 75 crore in commission, significantly contributing to financial inclusion across rural areas.
RBI Holds Repo Rate Steady in Monetary Policy Meeting 2024
- The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5% for the tenth consecutive time.
- This decision marks a shift in the RBI’s monetary policy stance from ‘withdrawal of accommodation’ to ‘neutral.’
- With this unchanged rate, borrowers tied to external benchmark lending rates can expect their equated monthly instalments (EMIs) to remain stable, offering some relief in terms of loan repayments.
RBI’s Intervention Stabilizes Rupee Below 84 Against the Dollar
- The Indian rupee has stabilized at 83.97 against the US dollar, largely due to active intervention from the Reserve Bank of India (RBI).
- Despite significant pressure from foreign portfolio outflows, rising crude oil prices, and a strengthening US dollar, the RBI has managed to prevent the rupee from falling past the psychologically crucial 84 mark.
- Experts believe that the RBI’s measures in the currency markets have been vital in avoiding a sharp depreciation of the rupee.
Defence News
Indian Navy Commissions New Deep-Water Survey Vessel
- The Indian Navy has inducted its latest large deep-water Survey Vessel, Nirdeshak (Yard 3026), which is the second of four Survey Vessels (Large) being constructed.
- Designed under the guidance of the Indian Navy’s Warship Design Bureau, this vessel is being built by Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata and will be used for hydrographic mapping.
- The induction of Nirdeshak enhances the Navy’s capabilities in underwater exploration and defense.
Awards News
70th National Film Awards Honor Indian Cinema
- The 70th National Film Awards were presented on October 8, 2024, by President Draupadi Murmu.
- These awards, conferred by the Ministry of Information and Broadcasting, celebrate excellence in Indian cinema, with the prestigious Dadasaheb Phalke Award being the highest honor in the industry.
Nobel Prize in Chemistry 2024: Protein Research Achievements Recognized
- David Baker, Demis Hassabis, and John M. Jumper have been awarded the 2024 Nobel Prize in Chemistry for their contributions to the field of protein research.
- Baker’s work on computational protein design and the AI-based protein structure prediction efforts by Hassabis and Jumper were highlighted by the Royal Swedish Academy of Sciences as groundbreaking achievements in understanding and designing proteins.
Sports News
Football Legend Andrés Iniesta Announces Retirement
- Andrés Iniesta, one of football’s most celebrated figures, has announced his retirement after a 22-year-long career.
- The Spanish maestro, known for his contributions to both FC Barcelona and the Spanish national team, leaves behind a legacy that has shaped the world of football.
Important Days
World Mental Health Day 2024
- World Mental Health Day, observed annually on October 10, was first introduced by the World Federation for Mental Health (WFMH) in 1992.
- The day aims to raise awareness about mental health issues globally and promote initiatives supporting mental health care.
World Post Day: Celebrating Postal Services Worldwide
- World Post Day, celebrated every year on October 9, commemorates the creation of the Universal Postal Union (UPU) in 1874.
- This day, declared by the 1969 Universal Postal Congress in Tokyo, highlights the importance of postal services and their contribution to global communication and development.
