National News

Sarakka Central Tribal University Approved For Telangana

• On October 4th, the Union Cabinet sanctioned the establishment of The Sarakka Central Tribal University in Telangana, allocating a budget of Rs 889 crore.
• This initiative fulfills a commitment made under the Andhra Pradesh Reorganisation Act, 2014, supporting both Andhra Pradesh and Telangana in establishing tribal universities.
• The university will find its home in the culturally rich Mulugu district. The folklore of Sammakka-Sarakka, a mother-daughter duo, adds a unique historical significance to this initiative.
• Sammakka's role in protesting against oppressive taxes and Sarakka's sacrifice in battle underscore the resilience and history that will be woven into the fabric of this new educational institution.

PM Modi Inaugurated The Country’s First High-Tech Sports Training Center

• Prime Minister Narendra Modi inaugurated the nation's first high-tech sports training center for Divyangjan (differently-abled individuals) in Gwalior, Madhya Pradesh.
• Named after former Prime Minister Shri Atal Bihari Vajpayee, this facility aims to provide equal opportunities in sports, fostering talent, and encouraging participation in various disciplines.
• The Atal Bihari Training Centre for Disability Sports boasts world-class infrastructure and coaching staff to create an optimal training environment for differently-abled athletes across the country.

International News

Burevestnik Missile: Russia’s Nuclear Missiles Can Now Reach Targets In US

• Russian President Vladimir Putin declared the successful testing of the "Burevestnik," a ground-launched, low-flying cruise missile with nuclear propulsion.
• This technological advancement allows it to remain airborne for extended periods, covering vast distances.
• With a theoretical range of up to 20,000 kilometers, the Burevestnik poses the capability to strike targets in the United States from multiple locations in Russia.
• Its low altitude operation (50-100 meters) makes it evasive for air-defense radar systems.

Russia Delivers Uranium For Bangladesh’s Rooppur Nuclear Power Plant

• Bangladesh received its inaugural shipment of uranium from Russia for the Rooppur nuclear power plant.
• Russia's Rosatom financed and constructed this significant project in Ishwardi, Bangladesh.
• The Rooppur power plant is poised to generate 2,400 megawatts of electricity, catering to around 15 million households and contributing substantially to Bangladesh's energy requirements.
• Russia's financial support, an $11.38 billion loan, will be repaid by Bangladesh over two decades, beginning in 2027.

State News

Madhya Pradesh To Provide 35% Reservation For Women In Govt. Jobs

• The Madhya Pradesh government takes a monumental step toward gender equality by announcing a policy to reserve 35% of all state government job positions for women (excluding the Forest Department).
• This progressive amendment aims to empower women in the workforce, aligning with the upcoming state assembly elections.
• Furthermore, an impressive 50% reservation for women is implemented in teaching positions, reinforcing the commitment to gender balance and women’s empowerment in the education sector.

Arunachal Pradesh’s Yak Churpi’ Receives GI Tag

• Arunachal Pradesh's unique 'Yak Churpi,' a naturally fermented cheese made from the milk of Arunachali yaks, has received the prestigious Geographical Indication (GI) tag.
• Beyond its culinary importance, Churpi holds deep cultural significance for the tribal communities, representing the tangible heritage of the region.
• With its rich protein content, Churpi serves as a vital dietary source, especially in regions where fresh vegetables are scarce.

Banking News

SBI Introduces ‘Mobile Handheld Device’ To Drive Financial Inclusion

• The State Bank of India (SBI) introduces the 'Mobile Handheld Device' for its Financial Inclusion (FI) customers, aiming to enhance accessibility and convenience in banking services.
• This groundbreaking initiative, unveiled by SBI Chairman Shri Dinesh Khara, brings kiosk banking directly to customers' doorsteps.
• The Mobile Handheld Device offers flexibility to Customer Service Point (CSP) agents, enabling services such as cash withdrawal, deposit, fund transfer, balance inquiry, and mini statement at customers' convenience.

RBI Forms External Working Group On Expected Credit Loss Framework

• The Reserve Bank of India (RBI) takes a significant step by forming an external working group (WG) to address the expected credit loss (ECL) framework for loan loss provisioning.
• Led by R. Narayanaswamy, a former Professor at IIM Bangalore, the working group aims to define credit risk model principles, address credit risk elements, develop validation methodology, and establish prudential floors.

Centre Extends SBI Chairman Dinesh Khara’s Tenure Until August 2024

• The Centre decides to extend the tenure of Dinesh Khara as the Chairman of the State Bank of India (SBI) until August 2024.
• Khara, a Certified Associate of the Indian Institute of Bankers (CAIIB), has had a remarkable career trajectory within the State Bank of India, playing a pivotal role in overseeing mergers and contributing to the growth of the bank.

Awards News

Dilip Nongmaithem Receives Bal Sahitya Puraskar In Manipuri Language

• The Sahitya Akademi honors Dilip Nongmaithem with the 'Bal Sahitya Puraskar' for the year 2023. Dilip's work in the Manipuri language, titled "Ibemma Amasung Ngabemma," receives recognition for its profound storytelling and impact on children's literature.
• The accolade includes an engraved copper-plaque and a monetary prize of ₹50,000, supporting and encouraging creative endeavors in literature.

Nobel Peace Prize 2023 Awarded To Narges Mohammadi

• The Norwegian Nobel Committee awards the Nobel Peace Prize for 2023 to Narges Mohammadi for her courageous fight against the oppression of women in Iran and her advocacy for human rights and freedom.
• The prize also acknowledges the efforts of hundreds of thousands of people who demonstrated against Iran’s discriminatory policies, encapsulated in the motto "Woman – Life – Freedom."

Appointments News

Ramaswamy N Appointed As Chairman And Managing Director Of GIC Re

• The General Insurance Corporation of India (GIC Re) announces the appointment of Ramaswamy N as the new Chairman and Managing Director (CMD), effective from October 1, 2023.
• This appointment follows standard succession planning procedures, marking a new chapter in the leadership of GIC Re.

Sports News

Asian Games 2023, Abhishek, Ojas, Prathamesh Win Gold In Compound Men’s Team Archery

• India’s men’s compound archery team secures a gold medal at the Asian Games, with Abhishek Verma, Ojas Deotale, and Prathamesh Jawkar leading the victory.
• The team's stellar performance against South Korea demonstrates their skill and teamwork, adding to India's medal tally in archery.

Science and Technology News

Nokia Opens 6G Lab Facility In Bengaluru

• Nokia takes a significant step towards the future of wireless technology by establishing a state-of-the-art 6G lab at its global R&D center in Bengaluru.
• This pioneering project aims to accelerate the development of fundamental technologies, including the innovative use of wireless networks as sensors.
• Nokia's 6G lab envisions a future where wireless networks play a crucial role in perceiving objects, people, and movement without traditional on-board sensors.

Obituaries News

Veteran Communist Party Leader Anathalavattom Anandan Passed Away

• The CPI(M) mourns the loss of veteran leader Anathalavattom Anandan, a key figure in building the party's trade union base in the state.
• His contributions in the legislative assembly and dedication to the cause of the working class mark a significant chapter in Kerala's political history.
• Anandan's legacy is remembered as a steadfast commitment to serving the people, spanning decades in the world of politics.