Daily GK Update: 6th October 2023

 Sports

1. ICC names Sachin Tendulkar as 'Global Ambassador' for ODI World Cup 2023

• The International Cricket Council named legendary cricketer Sachin Tendulkar as the 'Global Ambassador' for the Cricket World Cup 2023.
• Sachin, who has participated in a record six 50-over World Cups, will unveil the World Cup trophy before the inaugural match between England and New Zealand, thereby officially opening the tournament.
• The ICC Men's Cricket World Cup 2023 will commence on October 5, with England and New Zealand at the Narendra Modi Stadium in Ahmedabad

 State Affairs

2. Madhya Pradesh announces 35 % reservation for women in govt jobs

• CM Shivraj Singh Chouhan of the Madhya Pradesh government issued a notification for providing 35 percent reservation for women in recruitment, barring the forest department.
• Madhya Pradesh was the first state to introduce 50 percent reservation for women in elections to panchayats and urban bodies.
•  It also has a 30 percent reservation for women in the police.
• The state also offers concessional tariffs for registry of property in case it is in a woman’s name.

 Defense

3. Rajnath Singh launched Navy's updated indigenous programme Swavalamban 2.0

• Raksha Mantri Rajnath Singh launched the Navy's updated indigenous programme Swavalamban 2.0 at the Indian Navy's Naval Innovation and Indigenisation Organisation seminar in New Delhi.

Highlights of the event:

• The release of the fifth Positive Indigenisation List of the Department of Military Affairs comprising 98 items.
• He launched 76 challenges for the industry under 10th Defence India Start-up Challenges  & DISC 10 PRIME of Innovations for Defence Excellence.

 Defense

4. HAL hands over twin seater variant of LCA Tejas fighter aircraft to IAF

• Hindustan Aeronautics Limited, HAL handed over the twin-seater variant of LCA Tejas fighter aircraft to Indian Air Force in Bengaluru.
• Aim: To join India in the list of a very few elite countries who have created such capability and have them operational in their defence forces.
• LCA Tejas twin seater is a light weight all weather, multi-role 4.5 generation aircraft. 
• The aircraft developed indigenously has static stability, qudraplex fly by wire flight control.

 Banking & Finance

5. SBI launches Mobile Handheld Device to enhance accessibility to customers

• State Bank of India launched a Mobile Handheld Device to enhance accessibility and convenience in availing banking services to the customers. 
• Objective: To provide cash withdrawal, cash deposit, fund transfer, balance inquiry and mini statement at doorsteps of customers. 
• Aim: To benefit customers who face challenges in accessing Bank Branch or Customer Service Point outlets due to health issues, Senior citizens and Divyangjans.

 Banking & Finance

6. RBI revealed its fourth bi-monthly Monetary Policy

• RBI Governor Shaktikanta Das will unveil the Bi-Monthly meeting of fourth monetary policy of the financial year 2023-24 in Mumbai. 
• Currently Repo rate is at 6.5 percent, Reverse Repo at 3.35 percent and Bank rate is at 6.75 percent. 
• RBI has projected real GDP growth for 2023-24 at 6.5 per cent.
• Goal: To control inflation and to safeguard India’s economic growth.
• RBI seeks to strike a fine balance between maintaining growth and keeping inflation under control.

 Banking & Finance

7. IDFC FIRST Bank and Outlook Group present "Outlook Money 40After40

• Outlook Group announces the launch of its highly anticipated retirement planning event, “40After40”, in association with IDFC FIRST Bank.
• Aim: To provide invaluable insights and expert guidance to individuals, helping them make informed decisions to secure a prosperous retirement.
• It’s a one-stop shop for all conversations around timely retirement, panel discussions, chats, masterclasses, interactions with planners, product presentations etc.

 Banking & Finance

8. RBI forms external working group on expected credit loss framework

• The Reserve Bank of India (RBI) has taken a significant step by forming an external working group (WG) to address the expected credit loss (ECL) framework for loan loss provisioning. 
• Aim: To gather independent insights into the intricacies of this substantial shift in the banking sector.
• It was led by R. Narayanaswamy and consists of eight experts, with representation from six banks and one member each from KPMG and the Indian School of Business, Hyderabad.

 Agreement

9. India and UAE launched UAE’s payment card scheme based on RuPay card

• India and UAE signed a strategic partnership agreement between National Payments Corporation of India (NPCI) and Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE for Domestic Card Scheme Implementation in UAE. 
• As per the agreement, NPCI and AEP will work together to build, implement, and operationalize UAE's national domestic card scheme modelled on India’s RuPay card. 
• Aim: To expand the bilateral trade to make it 100 billion dollar.

 Honours & Awards

10. Prof. Dr Joyeeta Gupta receives Spinoza Prize in field of climate change

• Indian-origin professor Dr Joyeeta Gupta has received the Spinoza Prize, the highest distinction in Dutch science for her work in the field of climate change at a ceremony in the Netherlands. 
• The prize was presented to her by the Netherlands' Minister for Education, Science, and Culture, Robert Dijkgraaf at The Hague.
• She is a Dutch environmental scientist who is professor of Environment and Development in the Global South at the University of Amsterdam.

 Honours & Awards

11. Norwegian author Jon Fosse wins Nobel Prize 2023 in Literature

• Norwegian author Jon Fosse has been awarded the 2023 Nobel Prize in Literature for his innovative plays and prose which give voice to the unsayable.
• He is today one of the most widely performed playwrights in the world and has become increasingly recognized for his prose. 
• The human condition is the central theme of Fosse’s body of work, irrespective of genre.
• He has now joined an illustrious list of past winners that ranges from Toni Morrison to Ernest Hemingway. 

 Agreement

12. India and UAE Sign MoU to Boost Investment and Collaboration in Industry

• India and the United Arab Emirates signed a MoU in Abu Dhabi to collaborate efforts in areas such as supply chain resilience, clean energy technology, healthcare, space, Industry 4.0, and industrial standards.
• Aim: To facilitate industrial investments, technology transfer, and the implementation of key innovations across various industries. 
• Goal: To yield mutual benefits, as both nations strive for joint industrial and technological advancements.