Daily Current Affairs: October 12, 2021

Daily Current Affairs (October 12, 2021) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

Also, Don’t forget to attend the Daily Current Affairs Quiz – October 12, 2021, now @ our Bankersdaily Tests.

SUBSCRIBE to Race Youtube Channel for CA QUIZ LIVE Sessions

Check: Previous – Daily Current Affairs – Banking Exam

Important Days

World Arthritis Day – 12 October

• World Arthritis Day is observed on 12 October every year to bring awareness about Arthritis that affects the joints.
• Theme of World Arthritis Day for 2021: “Don’t delay, connect today: time2work”.
• The first celebration of World Arthritis Day began in 1996.

National News

Minister of State for External Affairs Meenakshi Lekhi address the 60^th anniversary of the Non-Aligned Movement (NAM) in Belgrade

• India’s Union Minister of State for External Affairs Meenakshi Lekhi addressed the High-Level Meeting to mark the 60 ^th Anniversary of Non-Aligned Movement (NAM) in Belgrade, Serbia to strengthen the role and influence of NAM on global outcomes.
• A bilateral Cultural Exchange Programme (CEP) has been signed between India and Serbia during her visit to further strengthen cooperation in the fields of Culture and Arts.

Prime Minister Narendra Modi launches the Indian Space Association (ISpA)

• Prime Minister Narendra Modi launched the Indian Space Association (ISpA) to ensure India that the space sector unites the world.
• Indian Space Association is the premier industry association of space and satellite companies, which aspires to be the collective voice of the Indian space industry.
• The Indian Government’s approach to space reforms is based on four pillars:
• Freedom of innovation to the private sector
• Role of the Indian Government as an enabler
• Preparing youth for the future
• To see the space sector as a resource for the progress of the common man

State News

Delhi Government launches the ‘Desh Ke Mentors’ programme to provide career guidance to the students of classes 9 to 12

• The Delhi Government launched the ‘Desh Ke Mentors’ programme across all its schools to provide career guidance to the students of classes 9 to 12 through the people (mentors) who are experts in their field, giving students insight into diverse career options.
• The Delhi Technological University (DTU) has developed an application through which any adult who wishes to mentor children can register themselves and guide the students over the phone every week.
• Actor Sonu Sood is the brand ambassador of this ‘Desh Ke Mentors’ initiative.

New Delhi

• Chief Minister: Arvind Kejriwal
• Governor: Anil Baijal

Banking & Economy

Axis Bank launches open APIs for customers to use integrated services

• Axis Bank has launched open APIs (Application Programming Interface) to facilitate its retail and corporate customers/ partners to facilitate banking services integrated across partner platforms.
• This API banking portal has a range of products covering over 200 retail APIs across cards, deposits, accounts, loans and 51 corporate APIs across payments, trade, collections, bill payments and cross-cutting APIs.
• These APIs allow Axis Bank’s banking solutions to get embedded through direct integration with the customers’ digital systems without the need for a net banking interface.

Axis Bank

• Headquarters: Mumbai, Maharashtra
• MD & CEO: Amitabh Chaudhary
• Tagline: Badhti Ka Naam Zindagi

IIFL Finance launches an instant business loan on WhatsApp

• IIFL Finance has launched an instant business loan on WhatsApp, under which the users will be able to avail loans up to 10 lakhs with minimum documentation and get approval in five minutes.
• IIFL Finance is using an Artificial Intelligence (AI)-bot that screens users’ inputs to the loan offer and facilitates the application through Know Your Customer (KYC), bank account verification (BAV) and mandate setup.
• To avail loan from IIFL Finance through WhatsApp, the user will have to send a ‘Hi’ message to a specified number, then share basic details, complete KYC, verify bank transfer details, mandate registration and receive funds in their account instantly.

Appointments

Rajnish Kumar was appointed as the Chairman of BharatPe

• Indian fintech firm BharatPe announced the appointment of Rajnish Kumar as the Chairman of its board.
• He was the Chairman of the State Bank of India (SBI) from October 2017 to October 2020 and also served as the Managing Director of the National Banking Group and the Managing Director (Compliance and Risk) at SBI.

BharatPe

• Headquarters: New Delhi
• Founded: 2018

Justice Akil Kureshi takes charge as the Chief Justice of the Rajasthan High Court

• Justice Akil Kureshi took charge as the new Chief Justice of the Rajasthan High Court at Raj Bhavan.
• He was the Chief Justice of Tripura High Court before being transferred to Rajasthan succeeding Indrajit Mahanty, who has been posted as the Chief Justice of Tripura High Court.

Awards and Recognitions

David Card, Joshua Angrist and Guido Imbens receive the Nobel Prize for Economic Sciences 2021

• The Royal Swedish Academy of Sciences awarded the Nobel Prize for Economic Sciences 2021 to three economists David Card of the University of California at Berkeley, Joshua Angrist from the Massachusetts Institute of Technology and Guido Imbens from Stanford University.
• David Card has been awarded “for his empirical contributions to labour economics”, while Joshua D Angrist and Guido W Imbens got the prize “for their methodological contributions to the analysis of causal relationships.”

Kanyakumari clove from Tamil Nadu receives  the Geographical Indication (GI) tag

• The unique clove growing in the hills of Kanyakumari district in Tamil Nadu has been awarded a Geographical Indication (GI) as ‘Kanyakumari clove’.
• It is cultivated in an area of 750 hectares in the slopes of the Western Ghats of Kanyakumari district, such as Karumpara, Maramalai, Mahendragiri and Velimalai and the total area covers 73 per cent of the clove cultivation in Tamil Nadu.

Tamil Nadu                         

• Capital: Chennai
• Chief Minister: K. Stalin
• Governor: N. Ravi
• National Parks: Mukurthi National Park, Guindy National Park, Gulf of Mannar Marine National Park, Indira Gandhi (Annamalai) National Park, Mudumalai National Park

Astronautical Society of India confers the Aryabhata Award to DRDO Chairman G. Satheesh Reddy

• Defence Research and Development Organisation (DRDO) Chairman G. Satheesh Reddy was conferred the Aryabhata Award by the Astronautical Society of India (ASI) for his outstanding lifetime contribution to the promotion of astronautics in India.
• He is a pioneer in the area of research and development (R&D) of advanced avionics, navigation and missile technologies.

Agreements and MoUs signed

Saraswat Bank ties up with Axis Securities to offer a 3-in-1 account to the lender’s customers

• Saraswat Bank and Axis Securities Limited (ASL) tied up to offer the bank’s customers a 3-in-1 account that comprises savings, demat and online trading, all in one account.
• This will make it easier for customers to transfer funds quickly, reduce paperwork and provide a comprehensive platform to invest in various investment instruments like stocks, derivatives, currency, commodities, mutual funds and Initial Public Offering (IPO).

Defence

The second phase of the Malabar naval exercise 2021 begins in the Bay of Bengal

• The Quad countries – India, US, Japan and Australia, began the second phase of the Malabar naval exercise 2021 in the Bay of Bengal from 12–15 October 2021 to focus on advanced surface and anti-submarine warfare exercises, seamanship evolution and weapon firings.
• The Indian naval ships INS Ranvijay, INS Satpura, P-8I long-range maritime patrol aircraft and a submarine participated in the second phase of the Malabar exercise.

Obituary

Malayalam film actor Nedumudi Venu passed away

• Veteran malayalam actor Kesavan Venugopal, popularly known as Nedumudi Venu, passed away at the age of 73.
• He won three National Film Awards and six Kerala State Film Awards for his performances.
• His best films include Aravam, Vidaparayum Munpe, Kallan Pavithran, Chamaram, Bharatham, Oru Minnaminunginte Nurunguvettam, Chithram, Thenmavin Kombath, His Highness Abdullah, Margam and Arimpara.

Current IFFCO Chairman Balvinder Singh Nakai passed away

• Current Indian Farmers Fertiliser Cooperative Limited (IFFCO) Chairman Balvinder Singh Nakai passed away at the age of 87.
• He was an eminent farmer and cooperator and was involved in providing strength to the Indian cooperative movement for the past three decades.

Daily CA- 12 October One liners

Can you score 20/20 in Today’s Current Affairs Quiz? Attempt the Current Affairs Quiz of  October 12, 2021, now from the link given below.