Daily Current Affairs 2 November for Banking/Insurance/SSC and other related exams.
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UK hosts the AI Safety Summit 2023
The United Kingdom’s Prime Minister Rishi Sunak is set to host the AI Safety Summit 2023 at Bletchley Park, Buckinghamshire in Hangzhou, China.. The event promises to bring together international governments, prominent AI companies, civil society groups, and renowned experts in the field of Artificial Intelligence (AI) research.
- The summit’s primary focus is to address the burgeoning concerns surrounding the risks posed by AI, especially at the cutting edge of development, and to strategise on internationally coordinated measures to mitigate these potential hazards.
Mumbai ranks 4th in global housing price rise
Mumbai recorded the fourth highest year-on-year growth in prime residential prices among global cities for the quarter ended September 2023, according to Knight Frank’s Prime Global Cities Index.
- The 6.5 per cent increase in prime residential prices has moved the city up by 18 places from 22nd rank in September 2022. New Delhi and Bengaluru too recorded an upward movement in their index rankings. NCR moved from 36th rank a year ago to 10th in September 2023 with a growth of 4.1 per cent YoY, Knight Frank said.
- Manila claimed the top spot with a 21.2 per cent rise in prices. This is attributed to strong domestic and foreign investments. Dubai, with its 15.9 per cent annual growth, has been displaced from the top position for the first time in eight quarters due to a sharp decline in quarterly growth from 11.6 per cent in June quarter to 0.7 per cent in September quarter. San Francisco was the weakest market with a decline of 9.7 per cent on a year-on-year basis.
BANKING & FINANCE
PFRDA makes ‘penny drop’ verification mandatory for NPS fund withdrawal
The Pension Fund Regulatory and Development Authority (PFRDA) has made ‘penny drop’ verification mandatory for the withdrawal of funds by subscribers of the National Pension System (NPS) for the timely transfer of money.
- Through the ‘penny drop’ process, Central Recordkeeping Agencies (CRA) check the active status of the savings bank account and match the name in the bank account number with the name in the PRAN (Permanent Retirement Account Number), or according to the documents submitted.
- The provisions will apply across the NPS, the Atal Pension Yojana (APY), and NPS Lite for all types of exits/withdrawals as well as for modification in the subscribers’ bank account details.
RBI Prescribe Norms For Closure Of DCCB Branches
The Reserve Bank of India (RBI) announced that District Central Co-operative Banks are now permitted to close un-remunerative branches without requiring prior permission from the central bank. However, approval will be necessary from the Registrar of Cooperative Societies in the respective state.
- The decision to close down branches should be taken by the Board after taking into account all the relevant factors and should be properly recorded/minuted in the proceedings of the Board meeting, the Reserve Bank of India said in a circular.
BUSINESS & ECONOMY
GST collections rise 13% yoy to Rs 1.72 lakh cr in October; second highest after April
The government’s gross collections of Goods and Services Tax (GST) increased 13 per cent on a year-on-year basis to Rs 1.72 lakh crore in October, according to official data released. That marked the second highest monthly collections, second only to April 2023 when the figure stood at Rs 1.87 lakh crore.
- Out of the Rs 1.72 lakh crore, central GST (CGST) stood at Rs 30,062 crore, state GST (SGST) at Rs 38,171 crore, and integrated GST (IGST)—or the indirect tax levied on the supply of goods and services across two or more states or UTs—at Rs 91,315 crore, including Rs 42,127 crore on the import of goods and cess of Rs 12,456 crore, according to the finance ministry.
- The latest monthly reading took the government’s average gross monthly GST collections for the current financial year at Rs 1.66 lakh crore, marking growth of 11 per cent compared with the corresponding period a year ago.
Asian Para Games 2023 Medal Tally
The Indian contingent concluded their outstanding performance at the Asian Para Games 2023 with a remarkable 111 medals – comprising 29 gold, 31 silver, and 51 bronze, securing a 5th-place finish. India’s achievement of breaching the 100-medal mark for the first time places them among the elite, becoming the 7th nation to achieve this milestone.
- India finished fifth on the Asian Para Games 2023 behind hosts China, Iran, Japan and the Republic of Korea. China won 521 medals, including 214 gold to occupy the top spot.
India’s medal winners at 2023 Asian Para Games:
1 Ankur Dhama — Athletics (Men’s 5000m-T11) — Gold
2 Nishad Kumar — Athletics (Men’s High Jump-T47) — Gold
3 Ram Pal — Athletics (Men’s High Jump-T47) — Silver
4 Shailesh Kumar — Athletics (Men’s High Jump-T63) — Gold
5 Mariyappan Thangavelu — Athletics (Men’s High Jump-T63) — Silver
6 Monu Ghangas — Athletics (Men’s Shot Put-F11) — Bronze
7 Pranav Soorma — Athletics (Men’s Club Throw-F51) — Gold
8 Dharambir — Athletics (Men’s Club Throw-F51) — Silver
9 Amit Kumar — Athletics (Men’s Club Throw-F51) — Bronze
10 Prachi Yadav — Canoe (Women’s VL2) — Silver
11 Kapil Parmar — Judo (Men -60 kg J1) — Silver
12 Kokila — Judo (Women -48 kg J2) — Bronze
13 Avani Lekhara — Shooting R2 (Women’s 10m Air Rifle Standing SH1) — Gold
14 Rudransh Khandelwal — ShootingP4 (Mixed 50m Pistol SH1) — Silver
15 Aruna — (Taekwondo Women’s K44 -47KG) — Bronze
16 Praveen Kumar — Athletics (Men’s High Jump-T64) — Gold
17 Unni Renu — Athletics (Men’s High Jump-T64) — Bronze
18 Ekta Bhyan — Athletics (Women’s Club Throw-F32/51) — Bronze
19 Simran — Athletics (Women’s 100m-T12) — Silver
20 Deepthi Jeevanji — Athletics (Women’s 400m-T20) — Gold
21 Ajay Kumar — Athletics (Men’s 400m-T64) — Silver
22 Manish Kaurav — Canoe (Men’s KL3) — Bronze
23 Prachi Yadav — Canoe (Women’s KL2) — Gold
24 Gajendra Singh — Canoe (Men’s VL2) — Bronze
25 Neeraj Yadav — Athletics (Men’s Discus Throw-F54/55/56) — Gold
26 Yogesh Kathuniya — Athletics (Men’s Discus Throw-F54/55/56) — Silver
27 Muthuraja — Athletics (Men’s Discus Throw-F54/55/56) — Bronze
28 Ravi Rongali — Athletics (Men’s Shot Put-F40) — Silver
29 Pramod — Athletics (Men’s 1500m-T46) — Silver
30 Rakesh Bhaira — Athletics (Men’s 1500m-T46) — Bronze
31 Ashok — Powerlifting (Men’s -65kg) — Bronze
32 Rudransh Khandelwal Shooting (Men’s 10m Air Pistol SH1) — Silver
33 Manish Narwal — Shooting (Men’s 10m Air Pistol SH1) — Bronze
34 Rubina Francis — Shooting (Women’s 10m Air Pistol SH1) — Bronze
35 Team India — Archery (Men’s Doubles Recurve-Open) — Bronze
36 Team India — Archery (Women’s Doubles Compound-Open) — Silver
37 Team India — Archery (Men’s Doubles Compound- Open) — Silver
38 Pooja — Athletics (Women’s Discus Throw- F54/55) —Silver
39 Sumit — Athletics (Men’s Javelin Throw-F64)— Gold
40 Pushpendra Singh — Athletics (Men’s Javelin Throw-F64) — Bronze
41 Haney — Athletics (Men’s Javelin Throw-F37/38) — Gold
42 Narayan Thakur — Athletics (Men’s 200m-T35) — Bronze
43 Shreyansh Trivedi — Athletics (Men’s 200m-T37)— Bronze
44 Soman Rana — Athletics (Men’s Shot Put-F57) — Silver
45 Hokato Sema Hotozhe — Athletics (Men’s Shot Put-F57) — Bronze
46 Sundar Singh Gurjar — Athletics (Men’s Javelin Throw-F46) — Gold
47 Rinku — Athletics (Men’s Javelin Throw-F46) — Silver
48 Ajeet Singh — Athletics (Men’s Javelin Throw-F46) — Bronze
49 Ankur Dhaka — Athletics (Men’s 1500m-T11) — Gold
50 Rakshitha Raju — Athletics (Women’s 1500m-T11) — Gold
51 Lalitha Killaka — Athletics (Women’s 1500m-T11) — Silver
52 Sharath Makanahalli — Athletics (Men’s 1500m-T13) — Silver
53 Balwant Singh Rawat — Athletics (Men’s 1500m-T13) — Bronze
54 Nimisha Suresh — Athletics (Women’s Long Jump-T47) — Gold
55 Pramod Bhagat/Manisha Ramadass — Badminton (Mixed Doubles SL3-SU5) — Bronze
56 Manasi Joshi — Badminton (Women’s Singles SL3) — Bronze
57 Sivarajan Solaimalai / Nithya Sre Sumathy Sivan — Badminton (Mixed Doubles SH6) — Bronze
58 Nitesh Kumar / Thulasimathi Murugesan — Badminton (Mixed Doubles SL3-SU5) — Bronze
59 Mandeep Kaur — Badminton (Women’s Singles-SL3) — Bronze
60 Vaishnavi Puneyani — Badminton (Women’s Singles-SL4) — Bronze
61 Zainab Khatoon — Powerlifting (Women’s 61kg) — Silver
62 Kumari Raj — Powerlifting (Women’s 61kg) — Bronze
63 Bhavina Patel — Table tennis (Women’s Singles-Class 4) — Bronze
64 Sandeep Dangi — Table tennis (Men’s Singles-Class 1)-Bronze
65 Adil Mohamed Nazir Ansari / Naveen Dalal — Archery (Men’s Doubles-W1 Open) — Bronze
66 Sheetal Devi / Rakesh Kumar — Archery (Mixed team compound-Open) — Gold
67 Narayan Thakur — Athletics (Men’s 100m-T35) — Bronze
68 Sachin Sarjerao Khilari — Athletics (Men’s shot put-F46) — Gold
69 Rohit Kumar — Athletics (Men’s shot put-F46) — Bronze
70 Shreyansh Trivedi — Athletics (Men’s 100m-T27) — Bronze
71 Bhagyashri Jadhav Madhavrao — Athletics (Women’s shot put-F34) — Silver
72 Monu Ghangas — Athletics (Men’s discus throw-F11) — Silver
73 Simran — Athletics (Women’s 200m -T12) — Silver
74 Manisha Ramadass — Badminton (Women’s singles SU5) — Bronze
75 Nithya Sre Sumathy Sivan — Badminton (Women’s singles SH6) — Bronze
76 Pramod Bhagat / Sukant Indukant Kadam — Badminton (Men’s doubles SL3-SL4) — Bronze
77 Sukant Idukant Kadam — Badminton (Men’s Singles SL4) — Bronze
78 Krishna Nagar / Sivarajan Solaimalai — Badminton (Men’s doubles SH6) — Bronze
79 Himanshi Bhaveshkumar Rathi — Chess (Women’s Individual Standard VI-B1) — Bronze
80 Mandeep Kaur / Manisha Ramadass — Badminton (Women’s Doubles SL3-SU5) — Bronze
81 Nithya Sre Sumathy Sivan / Rachana Shaileshkumar Patel — Badminton (Women’s Doubles SH6) — Bronze
82 Sidhartha Babu — Shooting (R6 – Mixed 50m Rifle Prone SH1) — Gold
83 Sheetal Devi – Women’s individual compound archery – Gold
84 Rakesh Kumar – Men’s individual compound archery – Silver
95 Nitesh Kumar – Badminton Men’s Singles SL3 – Silver
96 Thulasimathi Murugesan – Women’s Singles SU5 – Gold
97 Nitesh Kumar and Tarun – Men’s Doubles SL3-SL4 – Gold
98 Chirag Baretha and Raj Kumar – Men’s Doubles SU5 – Silver
99 Suyash Jadhav – Men’s 50m Butterfly S7 – Bronze
100 Dilip Mahadu Gavit – Men’s 400m T47 – Gold
101 Neeraj Yadav – Men’s javelin throw F55 – Gold
102 Tek Chand – Men’s javelin throw F55 – Bronze
103 Pooja – Women’s 1500m T20 – Bronze
104 Men’s Team Para Chess Rapid V1-B1 – Gold
105 Women’s Team Para Chess Rapid V1-B1 – Bronze
106 Men’s Team Para Chess B2 – Bronze
107 Darpan Inani – Para Chess B1 – Gold
108 Soundarya Pradhan – Men’s Para Chess B1 – Silver
109 Ashwin Makwana – Men’s Para Chess B1 – Bronze
110 Kishan Gangoli – Men’s Para Chess B2 – Bronze
111 Anita and Narayana Konganapalle – PR3 Mixed Double Sculls – Silver
Bangladesh’s Saima Wazed wins election to become South East Asia regional director at WHO in New Delhi
Bangladesh’s Saima Wazed won the election to become South East Asia regional director at the World Health Organisation in New Delhi. She fought a high decibel battle against Nepal’s Shambu Prasad Acharya, who lost by six votes.
- Saima Wazed is the daughter of Bangladesh Prime Minister, Sheikh Hasina, and has extensively worked on autism, updating the country’s public health rules, as well as enacting the Mental Heath Act of 2018 and National Mental Health Strategic Plan for 2020-25.
- The current regional director, India’s Poonam Khetrapal Singh, will hand over the charge to Wazed from February 1st next year. India was among the countries that had confirmed their support for the Bangladeshi candidate long before the elections.
India-born author Nandini Das is winner of 2023 British Academy Book Prize for Global Cultural Understanding
India-born author Nandini Das has been named the winner of the 2023 British Academy Book Prize for Global Cultural Understanding, a leading international non-fiction prize, for her book ‘Courting India: England, Mughal India and the Origins of Empire’.
- Das is a Professor of English literatre at the University of Oxford. The winning book is her debut and has been described by critics as the “true origin story of Britain and India told through England’s first diplomatic mission to the Mughal courts”.
Zojila Day commemorated at Zojila War Memorial on 1st November
Zojila Day was commemorated at Zojila War Memorial near Drass on November 1 to celebrate the gallant action by Indian troops in ‘Operation Bison’ in 1948 which was launched on the icy heights of Zojila pass, the gateway to Ladakh.
- The commemoration of the day was marked with a solemn wreath-laying by Commander Dras Warriors of the Leh-based Fire and Fury Corps, to pay homage to the gallant bravehearts, who have etched their names in history by liberating the Zojila pass from Pakistani Intruders.