Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 1 October 2021, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc. Our gkseries team also provides Daily Current Affairs Quiz for these exams.
Daily Current Affairs 1 October 2021
The government launched the 7th edition of Swachh Survekshan (SS)
Housing and Urban Affairs Minister Hardeep Singh Puri launched the seventh consecutive edition of Swachh Survekshan in New Delhi. It is the world’s largest urban cleanliness survey conducted by Swachh Bharat Mission-Urban. Designed with People First as its driving philosophy, Swachh Survekshan is the world’s largest urban cleanliness survey and is conducted by Swachh Bharat Mission-Urban (SBM-U).
Swachh Survekshan 2022 is curated towards capturing the initiatives of cities for the overall welfare and well-being of frontline sanitation workers. The survey, flavored with the Azaadi@75 spirit, will also give priority to the voices of senior citizens and young adults alike and reinforce their participation towards upholding the cleanliness of urban India.
A revamped version of the Swachhata App, the digital sanitation grievance redressal platform by MoHUA introduced in 2016 was also launched by the minister.
PM Narendra Modi chairs 38th PRAGATI Meeting
Prime Minister Narendra Modi today chaired the 38th PRAGATI meeting, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments.
In the meeting, eight projects were taken for review having a cumulative cost of around Rs 50,000 crore. Four of these projects were from the Ministry of Railways, two from the Ministry of Power, and one each from the Ministry of Road Transport & Highways and Ministry of Civil Aviation.
In the previous 37 PRAGATI meetings, 297 projects having a total cost of Rs. 14.39 lakh crore has been reviewed.
Government extends ECLGS Scheme till 31.03.2022
The Government of India has extended the timeline of the Emergency Credit Line Guarantee Scheme (ECLGS) till 31.03.2022 or the scope of the Rs 4.5 Lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) has been widened with a purpose to support the Covid pandemic hit MSME sector. Which is severely facing the liquidity issue.
The last date of disbursement under the scheme has also been extended to 30.06.2022. ECLGS is managed by National Credit Guarantee Trustee Company Ltd (NCGTC).
Govt approves IPO of ECGC and capital infusion of Rs 4,400 crore to ECGC
The government will launch the initial public offering (IPO) of ECGC in FY23 to “unlock its true value” and infuse capital of Rs 4,400 crore into the company, which has an 85% share in the country’s export credit insurance market, over the next five years. The government has also approved the Initial Public Offer (IPO) on the Stock Exchange of ECGC Ltd. ECGC was set up with the objective of improving the competitiveness of the exports by providing Credit Risk Insurance and related services for exports.
RBI takes Indian Overseas Bank out of PCA Framework
The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring. This means the bank will no longer face strict lending restrictions that were put in place by the RBI.
RBI said that as per the published results for the year ended March 31, 2021, IOB is not in breach of the PCA parameters.
The Reserve Bank has specified certain regulatory trigger points, as a part of the prompt corrective action (PCA) framework, in terms of 3 parameters, i.e. capital to risk-weighted assets ratio, net non-performing assets, and Return on Assets. These should be maintained by banks. Earlier this month, RBI had also removed UCO Bank from the PCA framework.
Piramal Group acquires DHFL for Rs 34,250 crore
Piramal has completed the acquisition of Dewan Housing Finance Limited (DHFL) for Rs 34,250 crore which includes a cash component and non-convertible debentures. This is the first successful resolution of a financial services company under the Insolvency and Bankruptcy Code (IBC).
The total consideration of Rs 34,250 crore includes an upfront cash payment of nearly Rs 14,700 crore and issuance of debt instruments of nearly Rs 19,550 crores (10-year NCDs at 6.75% p.a. on a half-yearly basis). The creditors of DHFL will recover an aggregate amount of Rs 38,000 crore from the DHFL’s resolution, which includes Rs 34,250 crore paid by Piramal Enterprises and Rs 3,800 crore from the cash balance of DHFL.
Padmaja Chunduru appointed MD, CEO of National Securities Depositories
Padmaja Chunduru has been appointed managing director and chief executive officer (MD & CEO) of National Securities Depositories (NSDL). Her appointment has been ratified by the shareholders of NSDL at its meeting held on September 29, the company said in a release.
She has replaced GV Nageswara Rao as the MD & CEO of NSDL.
In India, there are two depositories namely National Securities Depositories Ltd (NSDL) and Central Securities Depositories Ltd (CDSL). Both the depositories hold our financial securities.
PK Purwar to continue as MTNL CMD till Oct 2022
The Appointments Committee of the Cabinet extended the additional charge of PK Purwar as chairman and managing director of loss-making telecom firm MTNL for a period of one year till 14-10-2022. Purwar also holds the position of chairman and managing director of debt-ridden firm BSNL. The government has already announced the merger of BSNL and MTNL.
International Day of Older Persons: 01 October
International Day of Older Persons is observed globally on 1st October since 1991. The day aims to raise awareness about issues affecting the elderly, such as senescence and elder abuse, and appreciate the contributions that older people make to society.
The United Nations General Assembly adopted the day on December 14, 1990.
The theme of International Day of Older Persons 2021: Digital Equity for All Ages.
World Vegetarian Day: 01 October
World Vegetarian Day is observed annually on October 1 globally to raise awareness about the ethical, environmental, health, and humanitarian benefits of a vegetarian lifestyle. The day was initiated by the North American Vegetarian Society in Scotland in 1977 during the World Vegetarian Congress.
World Vegetarian Day is celebrated to emphasize environmental considerations, animal welfare, and rights issues, and personal health benefits to encourage people into ditching animal products. The full week between October 1–7 is observed as the International Vegetarian Week (IVW).
1 October is International Coffee Day
International Coffee Day takes place on October 1 every year to celebrate millions of people across the world who do hard work to create and serve the beverage in the consumable form such as farmers, roasters, baristas, and coffee shop owners, etc.
International Coffee Day is a celebration of the coffee sector’s diversity, quality, and passion. It is an opportunity for coffee lovers to share their love of the beverage and support the millions of farmers whose livelihoods depend on the aromatic crop.
The first ICD was launched in 2015 by the International Coffee Organization in Milan.
Mukesh Ambani tops Hurun India Rich List 2021
Reliance Industries Limited chairman Mukesh Ambani has topped the IIFL Wealth Hurun India Rich List 2021. Adani Group chairman Gautam Adani has occupied the second spot after his net worth surged by 261 percent. Reliance Industries Limited (RIL) Chairman Mukesh Ambani continues to be India’s richest man for the 10th straight year with a net worth of Rs 7,18,000 crore, according to the IIFL Wealth Hurun India Rich List 2021. Meanwhile, Adani Group Chairman Gautam Adani is in the second spot with a net worth of Rs. 5,05,900 crore. Shiv Nadar & the family of HCL technologies are third in the list with a net worth of Rs 2,36,600 crore.