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GK Update

Thu 26 Oct, 2023

National

Semiconductor Supply Chain Partnership

  • Union Cabinet approved Memorandum of Cooperation between India and Japan on Japan-India Semiconductor Supply Chain Partnership. 
  • The MoC shall come into effect from the date of signature of the Parties and shall be remain in force for a period of five years.

NBS rates for RABI Season

  • Union Cabinet approved Nutrient Based Subsidy (NBS) rates for RABI Season, 2023-24 (from 01.10.2023 to 31.03.2024) on Phosphatic and Potassic (P&K) fertilizers.

 43rd PRAGATI Interaction

  • PM Narendra Modi chaired the meeting of the 43rd edition of PRAGATI, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation.

Action plan to bridge India's trade deficit with China

  • NITI Aayog has initiated a study to develop a comprehensive action plan to bridge India's trade deficit with China over time and align trading strategies with emerging geopolitical situation and potential risks to safeguard supply chains.
NITI Aayog CEO: B.V.R. Subrahmanyam

CCI-ICN

  • Competition Commission of India has become a part of the prestigious 18-member steering committee of the International Competition Network (ICN).

 International

Free Tourist Visas

  • Sri Lanka has decided to issue free visas to the nationals of seven countries as part of a pilot project. 
  • Sri Lanka’s Cabinet has given approval for the waiver of visa fees for tourists from India, China, Russia, Malaysia, Japan, Indonesia, and Thailand.

 Safeguard measures on Import of steel products

  • Switzerland, Brazil, Japan, China, Korea, Russia and India criticised the European Union's decision to maintain its safeguard measure on imports of certain steel products during the meeting of WTO Safeguards Committee.
World Trade Organization Founded: 1995 HQ: Geneva

Economy

7th Future Investment Initiative

  • Union Minister of Commerce and Industry, Piyush Goyal attended the 7th Edition of Future Investment Initiative (FII) in Riyadh, Saudi Arabia. 
  • He addressed the plenary sessions on “The Coming Investment Mandate”.
  • He co-chaired a conclave session on the theme “From Risk to Opportunity: Strategies for Emerging Economies in the New Industrial Policy Era”.

$400 million loan to India

  • Asian Development Bank approved a $400-million loan to India for an urban infrastructure project as part of the Atal Mission for Rejuvenation and Urban Transformation (Amrut) 2.0.
Asian Development Bank Founded: 1966 HQ: Mandaluyong, Philippines

Two Whole Time Directors

  • Reserve Bank of India has asked private banks and wholly owned subsidiaries of foreign banks to ensure at least two Whole Time Directors (WTDs), including the MD and CEO, on their boards to facilitate succession planning.
RBI HQ: Mumbai Founded: 1935

Defence

Goa Maritime Conclave – 2023

  • 4th edition of Goa Maritime Conclave (GMC) - 2023 is being held from 29 to 31 October 2023 by the Indian Navy under the aegis of Naval War College, Goa. 
  • The theme for this year's edition of GMC is "Maritime Security in the Indian Ocean Region: Converting Common Maritime Priorities into Collaborative Mitigating Frameworks".
Chief of the Naval Staff of Indian Navy Adm R Hari Kumar

First Vertical Wind Tunnel

  • Indian Army has inaugurated its first vertical wind tunnel at a training school in Himachal Pradesh. 
  • It was virtually inaugurated by Army Chief General Manoj Pande.

 Environment

United Nations Forum on Forests

  • India is hosting meeting of the United Nations Forum on Forests to deliberate on forest fires and forest certification at the Forest Research Institute, Dehradun, Uttarakhand.

 Sports

 Asian Para Games

  • Sivarajan and Nithya Sre Sivan won bronze medal in the badminton mixed doubles SH6 event at the Hangzhou Asian Para Games.
  • Shankarappa won silver medal in the men's 1500m-T13 event.
  • Balwant Singh Rawat won a bronze medal in the men's 1500m-T13 event.
  • Rakesh Kumar and Suraj Singh won silver in archery.
  • Rakshitha Raju clinched gold in women’s 1500m-T11.
  • Lalitha Killaka secured silver medal in the women’s 1500m-T11.
  • Soman Rana won silver medal in the men's shot put F-56/57 category.
  • Pooja won silver medal in the women's discus throw-F54/55 event.
  • Rinku won silver medal in javeline throw F46 event.
  • Ajeet Singh won bronze medal in javeline throw F46 event.
  • Sundar Singh Gurjar won gold medal in the javeline throw F46 event.
  • Vaishnavi Puneyani won Bronze medal in Badminton Women's Singles event.
  • Nimisha won Gold medal in Women's Long Jump T47 Final event.
  • Hotozhe Dena Hokato won Bronze medal in Shotput F-56/57 category.
  • Mandeep Kaur won Bronze medal in Badminton Women's Singles SL3 event.
  • Haney won Gold medal in Men's Javelin Throw-F37 event.
  • Ankur Dhama won Gold medal in Men's 1500m - T11 Final event.
  • Sumit Antil won Gold medal in Men's Javelin F64 2 event.

 37th National Games

  • PM Narendra Modi will inaugurate 37th National Games in Goa. 
  • The National Games are being held in Goa for the first time.

 Person in News

Glenn Maxwell

  • Australia's Glenn Maxwell hit the fastest World Cup century off just 40 balls in the match against the Netherlands in New Delhi.

 Miscellaneous

Aadi Mahotsav at Ahmedabad

  • Union Tribal Affairs Minister Arjun Munda and Chief Minister of Gujarat Bhupendra Patel inaugurated Aadi Mahotsav at Ahmedabad and pay a reverent tribute to Bhagwan Birsa Munda.
Theme ‘Celebration of Tribal Entrepreneurship, Crafts, Culture and Commerce’

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