Daily Current Affairs 3rd October, 2023

Daily Current Affairs 3 October for Banking/Insurance/SSC and other related exams.

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The Ministry of Micro, Small, and Medium Enterprises (MSME) took an important step toward achieving the aim of a “Garbage Free India.”

  • The Ministry arranged a one-of-a-kind event called ‘Shramdaan’ in support of the Hon’ble Prime Minister’s national initiative. The event, which brought together participants from various MSME offices across the country, aimed to develop a sense of collective responsibility and action.


Tallest Ambedkar statue outside India to be unveiled in Maryland, US, on Oct 14
A 19-foot statue of B R Ambedkar, the key architect of India’s Constitution, is set to be unveiled in Maryland on October 14. The statue, named “Statue of Equality,” is the largest statue of Ambedkar outside of India.

  • It has been created by renowned artist Ram Sutar and is part of the Ambedkar International Center being built in Accokeek city. The center aims to spread Ambedkar’s teachings and promote equality and human rights.


GST collection hits ₹1.62 trillion in September
Central and state governments collected ₹1.62 trillion in goods and services tax (GST) in September, marking the fourth highest monthly collection since the inception of the indirect tax regime and a 10% annual growth from the year-ago period.

  • Overall, GST receipts so far this year are in line with the 10.5% nominal GDP growth rate projected by the finance ministry and reflect the trends in tax administration efficiency as well as consumption.

World Bank raises India’s inflation forecast to 5.9% for FY24
The World Bank increased its retail inflation forecast for India for 2023-24 to 5.9 per cent from the 5.2 per cent estimate made in April. Its economic growth forecast for the country remains at 6.3 per cent, underpinned by strong investment growth.

  • Abnormal rainfall during the monsoon months caused a sharp increase in food prices in July 2023. Though eased in August, it is expected to continue to weigh on headline inflation through the rest of the fiscal year.
  • The consumer price index-based inflation eased to 6.83 per cent in August from a 15-month high of 7.44 per cent in July, largely due to a fall in the rate of inflation in vegetable prices.


Indian men’s football team wins SAFF Under-19 Championship
In Football, India won the South Asian Football Federation (SAFF) Under-19 Championship after defeating Pakistan 3-0 in a dominating display in the finals at the Dashrath Rangasala Stadium in Kathmandu this evening. Manglenthang Kipgen and Gwgwmsar Goyary scored for India.

  • With this victory, India successfully defended their title, which they won last year.It was India’s eighth youth title in the SAFF championships, a clear testimony of their regional supremacy.


Former India captain Ajay Jadeja joins Afghanistan as mentor for World Cup
Former India captain Ajay Jadeja has assumed the role of mentor of Afghanistan for the duration of the ICC Men’s Cricket World Cup 2023, the Afghanistan Cricket Board (ACB) confirmed. Jadeja arrives with a wealth of experience and a deep understanding of Indian conditions.

  • His impressive ODI record boasts 196 matches, amassing 5359 runs at an average of 37.47, including six centuries and 30 half-centuries. In addition, Jadeja represented India in 15 Test matches between 1992 and 2000.He was also part of India’s World Cup squad in three editions – in 1992, 1996 and 1999.


Sudha Murty becomes the first Woman to get Global Indian Award
Renowned author, philanthropist and the wife of Infosys co-founder N.R. Narayana Murthy, Sudha Murthy, was honored with the prestigious Global Indian Award by the Canada India Foundation (CIF) at a grand Indo-Canadian gala in Toronto.

  • The Global Indian Award, which is worth $50, 000, is given each year to a prominent Indian who has made a major mark in his or her chosen field.
  • She humorously mentioned that both she and her husband had received the same award in different years and making them the first couple to achieve this distinction.
  • The awards money has been donated generously by Sudha Murty to the field institute at the University of Toronto which is known for its contributions to mathematics and various other disciplines.

From K Sivan to Annadurai, Tamil Nadu govt fetes 9 ISRO scientists, announces award of ₹25 lakh for each scientist
Tamil Nadu Chief Minister MK Stalin announced a cash award of ₹25 lakh to nine ISRO scientists from Tamil Nadu, including K Sivan and Mylswamy Annadurai, in recognition of their services to the nation.

  • Former ISRO chairman Sivan, Chandrayaan (1 and 2) project director Mylswamy Annadurai and Director of Liquid Propulsion Systems Centre-ISRO V Narayanan were among those honoured.
  • Director of Satish Dhawan Space Centre A Rajarajan, distinguished ISRO scientist M Sankaran, and Chandrayaan-3 project director P Veeramuthuvel were also among those who were felicitated. ISRO’s M Vanitha and Nigar Shaji and ISRO-Propulsion Complex Director J Asir Packiaraj are the others who were feted by CM Stalin.

Jammu and Kashmir’s famed Pashmina gets geographical recognition with GI tag
Recently, Basohli Pashmina, a more than 100-year-old traditional craft from Jammu and Kashmir’s Kathua district, has got the Geographical Indication (GI) tag. 

  • Basohli Pashmina is a hand-spun product known for extreme softness, fineness and light-weight, has insulating properties and extended life.


IAF set to receive first ‘Made-In-India’ Astra Mk-1 beyond visual range Air-To-Air Missiles by the end of 2023
The Indian Air Force (IAF) is making significant strides towards enhancing its air defense capabilities with the impending induction of indigenous Astra Beyond Visual Range (BVR) Air-to-Air Missiles. The IAF has entered into contracts with Bharat Dynamics Limited (BDL) for these advanced missiles, marking a crucial step towards reducing import dependency and bolstering national security.

  • The first batch of Astra-MK1 missiles, developed by the Defence Research and Development Laboratory (DRDL) and Research Centre Imarat (RCI) among other DRDO laboratories, is slated for induction by the end of 2023.
  • BDL has already received Bulk Production Clearance for Astra-MK1 missiles, signifying a significant milestone in indigenous missile production.

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