Daily Current Affairs 26 October for Banking/Insurance/SSC and other related exams.
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Shillong hosts Green Tourism Conclave for Responsible tourism in Northeast
A Green Tourism Conclave was organized in Shillong, with the central goal of fostering environmentally responsible tourism in India, placing a distinct focus on the Northeastern region and Odisha.
- The conclave saw a session titled ‘The Great Outdoors: What Makes the Northeast the Perfect Destination for Adventure and Eco-Tourism’, where experts shared shared insights on adventure and eco-tourism in India.
- Another panel discussion on ‘Community Tourism and Homestays in the Northeast’ looked into community-based tourism in the region.
Govt gives nod to Jamrani Dam multipurpose Project in Uttarakhand
Uttarakhand Chief Minister Pushkar Singh Dhami said that the Cabinet Committee of the Government of India has given its approval to the Jamrani Dam Project, which was pending for a long period of time.
- The shortage of drinking water and irrigation in many districts including Haldwani, Nainital and Uttar Pradesh’s Rampur along with other districts will be eliminated. This project has been waiting since 1975.
- The amount of funds made by the Government of India for this is Rs 1730 crores which has been approved under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). 90 percent of funding belongs to the Government of India and 10 percent belongs to the state. MoU will also be signed with the state of Uttar Pradesh.
Kerala to set up ₹200 crore Graphene production facility in public-private partnership
Kerala Government has decided to set up a pilot production facility of Graphene. The production facility will cost ₹200 crores, the Chief Minister’s Office said in an official statement. Graphene is called a wonder material for its extraordinary electrical and electronic properties, in the state.
- The Kerala Digital University would be the implementing agency, and KINFRA has been appointed as a special purpose vehicle for infrastructure development.
- The digital university was given permission to prepare a preliminary proposal to avail loans from the Kerala Infrastructure Investment Fund Board (KIIFB) for the project and to find private partners through a global expression of interest.
Dr S. Jaishankar reaches Bishek for 22nd SCO Council of heads of Government meeting
External Affairs Minister S Jaishankar, on a two-day visit to Kyrgyzstan, engaged in discussions with President Sadyr Zhaparov to explore opportunities for bolstering bilateral collaboration across the banking, defense, and energy domains.
- As part of his visit, Jaishankar received a warm welcome and is set to convene with Kyrgyzstan’s leadership while also participating in a conclave of the Shanghai Cooperation Organisation (SCO) to be held under the chairmanship of Kyrgyzstan.
- SCO observer States including Belarus and Mongolia as well as guest states Turkmenistan will also attend the meeting
BANKING & FINANCE
Reserve Bank of India (RBI) Sets New Directive for Private Banks: Two Whole-Time Directors Mandatory
In response to the evolving challenges and increasing intricacies within the banking sector, the Reserve Bank of India (RBI) has issued a crucial circular. This directive places the onus on private banks and wholly-owned subsidiaries of foreign banks to establish a robust senior management team. The primary objective is to effectively steer these institutions through the present and emerging obstacles.
- To address these concerns, the RBI has mandated that private banks and wholly-owned subsidiaries of foreign banks must have a minimum of two Whole-Time Directors (WTDs) on their boards. This requirement includes the presence of the MD & CEO as one of the two WTDs.
- The RBI recognizes that the specific number of WTDs should be contingent on various factors, including the scale of operations, the complexity of the business, and other relevant considerations.
BUSINESS & ECONOMY
IIT Kanpur signs MoU with Airbus to boost aerospace talent base in India
Airbus and Indian Institute of Technology in Kanpur (IIT Kanpur) have signed a Memorandum of Understanding (MoU) to facilitate increased collaboration in developing education programmes to foster talent development in the Indian aerospace sector.
- Under the collaboration, both entities will promote research in advanced technologies and develop programmes and activities to enhance technical capabilities for aerospace students in India.
- Both organisations will also explore collaboration opportunities with global institutes where students will get to work on projects relevant to the sector.
Paralympics Javelin Thrower, Sumit Antil Breaks World Record
Reigning Paralympics champion Sumit Antil clinched a gold medal at the Hangzhou Asian Para Games javelin throw F64 event with a world record effort of 73.29m on the third day of competitions.
- The 25-year-old broke his own previous world record of 70.83m which he had thrown while winning gold at the World Para Athletics Championships in Paris earlier this year. Another Indian, Pushpendra Singh won the bronze medal with a throw of 62.06m.
- Antil had won gold in the men’s javelin F64 event at the Tokyo Paralympic Games with a then world record throw of 68.55m.
Mike Johnson elected new speaker of US House of Representatives
Republican Congressman from Louisiana Mike Johnson has been elected as the Speaker of the House of Representatives, bringing an end to three weeks of uncertainty in US politics.
- Johnson was elected by 220 to 209 votes in a bitterly divided Congress, three weeks after his predecessor Kevin McCarthy was unceremoniously voted out of the seat for the first time in US history.
- The 56th Speaker of the House of Representatives, Johnson, 51, a lawyer by profession, is a four-term Congressman from the Fourth Congressional District of Louisiana.
Election Commission recognizes Rajkumar Rao as National Icon to create awareness among voters
In a move towards increasing voter participation during the elections, the Election Commission of India joined hands with renowned actor Rajkumar Rao. The Commission recognized Rajkumar Rao as National Icon to create awareness among the voters especially the youth.
- An MoU was exchanged between Rajkumar Rao and the ECI at Rang Bhavan in New Delhi in the presence of Chief Election Commissioner Rajiv Kumar and other senior officials of ECI.
SCIENCE & TECHNOLOGY
China to build world’s largest underwater ‘ghost particle’ detector
China is undertaking a massive scientific endeavor by constructing the world’s largest “ghost particle” detector beneath the Western Pacific Ocean’s surface, named the Tropical Deep-sea Neutrino Telescope (TRIDENT) or “Ocean Bell” in Chinese.
- This groundbreaking project, set for completion in 2030, aims to capture elusive neutrinos as they briefly become detectable in the deep ocean depths, providing valuable insights into their cosmic origins.
- TRIDENT, anchored 11,500 feet (3,500 meters) below the ocean’s surface, employs the Earth itself as a shield to detect neutrinos penetrating from the opposite side of the planet.