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Daily & Latest Current Affairs in 2024

Current Affairs is a very important part of the overall preparation strategy for various Competitive Entrance and Government Recruitment Exams. Free Time Learning offers Today Current Affairs provides latest and Best Daily Current Affairs for UPSC, IAS/PCS, UPPSC, IBPS, SBI, RBI, SSC, CGL, Railway, APPSC, TSPSC, KPSC, TNPSC, TPSC, UPPSC, MPSC, RPSC, BPSC, MPPSC, UKPSC, MPSC, and other competitive exams.

A)
Ashok Vaswani
B)
Rajshankar Ray
C)
B Ramesh Babu
D)
A. Manimekhalai

Correct Answer :   Ashok Vaswani


International banker Ashok Vaswani, who until last year was at a senior role in British bank Barclays, will succeed Uday Kotak as MD & CEO at Kotak Mahindra Bank — the fourth largest private lender. The bank said that the RBI had approved the appointment recommended by the board.

Ashok Vaswani (63-years) is set to hold the position of the new CEO and MD of Kotak Mahindra Bank for a period of three years, likely from January 1, 2024.

The 63-year-old veteran banker is currently president of Pagaya Technologies, an Israel-based fintech that develops solutions for real-time customer credit enhancement. Vaswani started his banking career with Citi Group and worked with Barclays until 2022, when he stepped down as the head of UK’s retail banking operations and chief digital strategy officer.

He is a chartered accountant and a commerce graduate from Sydenham College of Commerce Mumbai.

Last month, Uday Kotak said that he was stepping down ahead of his term ending in December 31 to facilitate a transition. The board had appointed Dipak Gupta as CEO for four months. Kotak, however, continues on the board as a non-executive director.


Ashok Vaswani, former senior executive at Barclays, will take over as MD & CEO of Kotak Mahindra Bank, succeeding Uday Kotak. The appointment has been approved by the Reserve Bank of India. Vaswani is currently the president of Pagaya Technologies, an Israeli fintech company. He has a long history in the banking industry, having worked at Citi Group and Barclays. Kotak stepped down earlier than expected, and Dipak Gupta has been appointed as CEO for four months. The bank also reported a 24% increase in net profit for the second quarter.

The Reserve Bank of India (RBI) has imposed a penalty of Rs 12.19 crore on ICICI Bank and Rs 3.95 crore on Kotak Mahindra Bank for non-compliance with regulatory norms. ICICI Bank has been penalized for contravening norms related to loans and advances, as well as fraud classification and reporting. Kotak Mahindra Bank, on the other hand, has been penalized for contravening directions related to managing risks and code of conduct in outsourcing, recovery agents, customer service, and loans and advances. The penalties are based on deficiencies in regulatory compliance and do not question the validity of any transactions or agreements..

Source : Times of India

Published On : October 23, 2023
A)
Roing
B)
Itanagar
C)
East Siang
D)
Naharlagun

Correct Answer :   Itanagar


Reserve Bank of India (RBI) has announced the opening of its sub-office in Itanagar, Arunachal Pradesh in the northeast of India. Dr. Michael Debabrata Patra, deputy governor, RBI, inaugurated the sub-office on October 20, 2023.

The sub-office in Itanagar begins functioning with the departments/cells such as Financial Inclusion and Development Department (FIDD), Human Resource Management Department (HRMD), Consumer Education and Protection Cell (CEPC) and Market Intelligence Cell (MIC).

“The currency management for the State of Arunachal Pradesh will continue to be conducted by the Bank’s Guwahati Office,” RBI said. The sub-office, located at the Arunachal Pradesh Forest Corporation Limited Building in Itanagar, is headed by Abhijit Majumdar, General Manager (officer-in-charge).

With the opening of this office, the Reserve Bank now has presence in all the seven States of the north-eastern region (NER) viz., Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura..

Source : The Hindu

Published On : October 21, 2023
A)
October 19
B)
October 20
C)
October 21
D)
October 22

Correct Answer :   October 21


National Police Commemoration Day is marked every year on October 21 to commemorate the police officers who have sacrificed their lives in the course of service. It was in 1960 that an Annual Conference of Inspectors General of Police of States and Union Territories was organised to observe October 21 as the National Police Commemoration Day.

The day is set to honour the Bravehearts who protect the citizens of the country and are responsible for the enforcement of law and order. Police Commemoration Day is also observed as Martyr's Day in all police forces across India.

Both police officers and the citizens mark the Police Commemoration Day with a strong sense of patriotism. A national-level Police Commemoration Day parade has been organised since 2012 at the Police War Memorial in Chanakyapuri, New Delhi.


Police Commemoration Day 2023 Theme : The theme for National Police Commemoration Day for 2023 is yet to be announced. One can celebrate the day by attending any event nearby.


Police Commemoration Day History :

The day has been dedicated to the India-China conflict, when the Chinese troops opened fire at the Indian police force in Ladakh on October 21, 1959. In the conflict, 10 of our heroic warriors sacrificed their lives while defending our borders at the hot springs in Aksai Chin in Ladakh. Seven others also suffered injuries.

China eventually returned the bodies of the 10 Indian martyrs on November 13, 1959. They were cremated with full police honours at Hot Springs. Later in 1960, October 21 was officially recognised and ever since, the day is commemorated as the Police Commemoration Day across the country.


Police Commemoration Day 2023 Significance : 

Police Commemoration Day is observed with the objective of encouraging and honouring the police officers who carry out their jobs with utmost diligence and dedication. The day serves as a reminder for all to honour and praise the nation’s police force and their contributions. National Police Commemoration Day is a tribute to all those who gave their lives in the line of duty..

Source : CNBC

Published On : October 21, 2023
A)
HP
B)
Dell
C)
Apple
D)
Lenovo

Correct Answer :   HP


Hewlett-Packard (HP) has announced a significant leadership change with the appointment of "Ipsita Dasgupta" as the Senior Vice President & Managing Director for its India market.

Ms. Dasgupta’s role will encompass overseeing all facets of HP’s strategy and profitability in the India, Bangladesh, and Sri Lanka regions.


Responsibilities and Reporting Structure : In her new role, Ms. Dasgupta will bear the responsibility of leading and steering HP’s operations, strategy, and profit and loss (P&L) for these vital South Asian markets. Her strategic vision and leadership will play a pivotal role in shaping HP’s continued growth and impact in the region. She is scheduled to officially assume her duties at HP on October 30, and she will directly report to David McQuarrie, HP’s Chief Commercial Officer.


An Accomplished Journey : Ipsita Dasgupta brings a wealth of experience and accomplishment to her role at HP. Her career includes key positions in esteemed organizations, further underscoring her value to HP’s leadership team. Prior to her role at HP, she held a variety of executive positions, including serving as the President of Corporate Strategy and Incubated Business at Star India, a subsidiary of The Walt Disney Company. Additionally, she has played a vital role as the Chief Commercial Officer for South Asia and Greater China at General Electric Company.


A Record of Excellence at Apple : Dasgupta’s association with Apple, one of the world’s foremost tech giants, is notable. Her role as the Senior Director of Marketing for Apple Services based at the company’s headquarters involved spearheading global synergy marketing, external partnership marketing, consumer insights, and market and competitive intelligence for Apple’s subscription services. Her experience at Apple has contributed to her expertise in navigating the dynamic and evolving tech industry.


A Seasoned Leader with Global Experience :

With 24 years of international operating experience across various industries, Ipsita Dasgupta is a seasoned leader who possesses a profound understanding of the global business landscape. Her multifaceted career journey and her executive roles in both media and technology corporations position her as an ideal candidate to lead HP’s endeavors in the India, Bangladesh, and Sri Lanka markets.

HP’s strategic appointment of Ms. Dasgupta reflects the company’s commitment to harnessing top-tier talent to drive its growth and impact in critical regions. With her wealth of experience and exceptional track record, Ipsita Dasgupta is poised to lead HP into an exciting new chapter of progress and innovation in South Asia.

Published On : October 21, 2023
A)
China
B)
Singapore
C)
Russia
D)
Japan

Correct Answer :   Japan


Japan has recently achieved a significant milestone in the realm of defense technology. On 17 October 2023, the Japanese Maritime Self-Defense Force (JMSDF) in collaboration with the Acquisition Technology & Logistics Agency (ATLA), a division of the Japanese Ministry of Defense, successfully test-fired a medium-caliber maritime electromagnetic railgun from an offshore platform.


The First of Its Kind : ATLA made an official announcement on October 17, 2023, announcing the successful testing of the maritime electromagnetic railgun. This remarkable feat marks the first time any nation has managed to launch a railgun from an offshore platform. Typically, railguns are mounted on ships, but Japan aspires to employ this technology both on land and at sea, making this test an unprecedented advancement in the field.


Understanding the Railgun Technology : A railgun is a cutting-edge electromagnetic weapon designed to launch projectiles at incredibly high velocities, reaching speeds of approximately Mach 7, which is seven times the speed of sound. This technology is capable of targeting various objects, including ships, missiles, and aircraft. The primary goal of Japan’s railgun program is to integrate this technology with long-range missiles, augmenting its capacity to intercept aerial targets effectively.

Countering Aerial Threats : The utilization of railguns offers a promising solution for countering a range of aerial threats at sea. This includes the interception of incoming hypersonic cruise missiles and potentially even hypersonic ballistic missiles, given the remarkable speed at which projectiles can be fired from railguns. As Japan faces evolving security challenges in the region, the incorporation of railguns into its defense strategy signifies a significant step forward in safeguarding its national interests.


A Journey of Innovation : The development of maritime electromagnetic railguns in Japan has been a journey marked by continuous innovation and improvement. It began modestly with the initiation of a smaller 16mm railgun project by the agency’s Ground Systems Research Centre (GSRC) in 1990. Over the years, this concept evolved significantly. In 2016, ATLA embarked on a mission to create a prototype with anti-air and anti-missile capabilities. This undertaking reflects Japan’s determination to remain at the forefront of defense technology, adapting to emerging threats and challenges.


Impressive Power and Speed : According to a previous report published in Shephard Media, the ATLA railgun utilizes five megajoules (MJ), or five million joules (J), of charge energy. It can fire bullets at a speed of around 2,230m/s (Mach 6.5). ATLA envisions equipping it with 20 MJ of charge energy, further enhancing its capabilities. This significant energy and velocity make it a formidable weapon.


A Shift from Aegis Ashore : Japan had previously planned to add the Aegis Ashore land-based system to its missile defense arsenal, which includes Aegis destroyers and the Patriot Advanced Capability-3 (PAC-3) ground-based system. However, the Japanese government abandoned this plan in 2020. The current idea aims to add railgun interceptors to the existing missile defense system.


Versatile Interceptors : Interceptors fired by railguns can vary in speed. Operators can change the rate at which an interceptor moves by manipulating the amount of electrical power used. These choices would be based on how quickly incoming missiles approach. Railguns are also somewhat stealthy due to the small size of their “bullets,” adding another layer of unpredictability to Japan’s missile defense strategy.


Anticipated Deployment : The system is expected to be ready for use in the second half of the 2020s. This next-generation railgun system is expected to give Japan multiple intercept capabilities in addition to long-range missiles, significantly strengthening its defensive capabilities. This achievement underscores Japan’s commitment to enhancing its defense capabilities in response to growing regional security threats.

Published On : October 21, 2023
A)
Google
B)
Meta
C)
Amazon
D)
Microsoft

Correct Answer :   Google


Google has launched its DigiKavach initiative, a cutting-edge early threat detection and warning system designed to spot and analyze emerging financial fraud patterns before they can cause widespread damage.


Objectives of DigiKavach Program :

The first critical step in the battle against financial fraud is to comprehend the strategies and tactics employed by scammers. DigiKavach’s dedicated teams are working relentlessly to unravel the intricate web of deception woven by fraudsters.

With a comprehensive understanding of fraud patterns, DigiKavach harnesses state-of-the-art technology to identify emerging threats. By detecting these threats at an early stage, the program aims to prevent financial losses to individuals and institutions.

DigiKavach also recognizes that defeating financial fraud necessitates a collective effort. As part of this initiative, collaboration with various organizations and authorities is paramount. Notable partnerships include:

Fintech Association for Consumer Empowerment or FACE, a trusted flagger, is working closely with DigiKavach to enhance the detection of fraud patterns and take swift actions against predatory loan apps. This partnership ensures individuals are shielded from unscrupulous fintech companies.

There’s also Cyber Crime Helpline number 1930: This helpline, established by the Indian Cyber Crime Coordination Centre (14C) under the Ministry of Home Affairs, is a crucial ally of DigiKavach. Together, they respond to threats by providing timely information and support to individuals affected by financial fraud.

As a global tech giant, Google is also a key partner in this mission. They contribute to DigiKavach by developing products that prioritize security, thereby enhancing the overall safety of digital transactions.


Google’s pivotal role :

Google plays a pivotal role in safeguarding the financial ecosystem through its contributions to DigiKavach. For example, there’s Gmail’s Phishing Protection. Deceptive emails are a common origin of many financial fraud attempts. Gmail, Google’s email service, automatically blocks over 99.9 per cent of spam, phishing, and malware. This level of protection secures over 1.5 billion inboxes globally, significantly reducing the likelihood of individuals falling victim to phishing scams.

For Android users, Google Play Protect acts as a built-in defense mechanism. This service operates continuously in the background to maintain the safety of Android devices, data, and apps. Each day, it scans 125 billion installed Android apps for malware, minimizing the risk of downloading fraudulent apps.

Google Pay employs machine learning and artificial intelligence to spot phishing and other fraud risks when users send and receive money. Every day, Google Pay sends safety alerts to hundreds of thousands of users, effectively protecting them from suspicious transactions.

Google’s DigiKavach initiative is a significant step towards fortifying the digital financial landscape, leveraging technology and collaboration to thwart emerging financial fraud threats. By doing so, it aims to create a safer and more secure environment for individuals and institutions in the digital age..

Source : First Post

Published On : October 21, 2023
A)
19th October
B)
20th October
C)
21st October
D)
22nd October

Correct Answer :   20th October


Every year, on October 20th, International Chefs Day is celebrated worldwide, paying tribute to the art and science of cooking. This day, introduced by the late chef Dr. Bill Gallagher in 2004, serves as a platform to honor the contributions of chefs across the globe. This article explores the history, significance, and theme of International Chefs Day, emphasizing the importance of culinary expertise and a commitment to passing it on to the next generation.


The Origin of International Chefs Day : International Chefs Day owes its existence to the vision of the late chef, Dr. Bill Gallagher. Established in 2004, this annual celebration is dedicated to recognizing and appreciating the culinary community’s significant role.



International Chefs Day Theme 2023 : 

According to the World Chefs official website, the theme for this year’s International Chefs Day celebration is ‘Growing A Healthy Future.’ This theme underscores the importance of ensuring a healthy and sustainable planet for future generations through culinary practices.


A Glimpse into Culinary History :

The Ancient Roots : The culinary profession has a rich history dating back centuries. Roman gourmet Marcus Apicius authored the world’s first cookbook in the first century A.D., featuring over 400 recipes. This historical fact highlights the enduring existence of culinary arts.

The Birth of the Restaurant : In 1765, a Parisian named Boulanger opened the first restaurant, which he called ‘restoratives’ or ‘restaurant.’ He believed that his recipes had the power to “restore life,” ushering in a new era of dining experiences.

Auguste Escoffier’s Legacy : In 1846, Auguste Escoffier, a renowned French chef, established the Brigade System. This innovative culinary system sought to reduce work hours for cooks and streamline kitchen tasks for maximum efficiency. Escoffier’s contribution transformed the culinary world.


The Significance of International Chefs Day :


Honoring Culinary Excellence : International Chefs Day is a day to pay homage to chefs across the world. It is an opportunity to acknowledge and celebrate their dedication and passion for the culinary arts.

Embracing the Chef Within : This day serves as a reminder that each of us possesses the potential to experiment in the kitchen. Whether as children or adults, almost everyone has dabbled in cooking. International Chefs Day underscores the idea that culinary creativity is within everyone’s reach.

Promoting Healthy Eating : In addition to celebrating culinary expertise, International Chefs Day highlights the importance of incorporating healthy dietary habits into our daily routines. It encourages us to make mindful food choices for our well-being.

Source : Worldchefs

Published On : October 20, 2023
A)
18th October 2023
B)
19th October 2023
C)
20th October 2023
D)
21st October 2023

Correct Answer :   20th October 2023


World Statistics Day is celebrated every year on 20 October. The day is dedicated to create awareness about the significant role of advanced, reliable, and good quality statistics in the development of global nations. The United Nations General Assembly established World Statistics Day on 20 October 2015.

The main of observing this day is to highlight the huge achievements of national statistical systems, and to foster the importance of statistics in various aspects of society.

Celebrating World Statistics Day provides an opportunity for statisticians, government organisations, policymakers, and other agencies to promote the values of high quality date and statistics in the current data-driven world. Statistics plays a magnificent role in areas like healthcare, economics, education, environment, and social welfare. It not only helps in understanding the complexities of the world, but also helps in the development of effective policies in diverse fields. Statistics is an important aspect of evidence-based decision-making.


World Statistics Day 2023 Theme :

The theme of World Statistics Day 2023 is not known yet. However, like every year, the theme will be focused on the critical role of authoritative data and statistical systems in the sustainable development of all nations of the world.


World Statistics Day History :

* At its 41st Session in February 2010, the United Nations Statistical Commission proposed celebrating 20 October 2010 as World Statistics Day (Decision 41/109).

* Acknowledging that the production of reliable, timely statistics and indicators of countries’ progress is indispensable for informed policy decisions and monitoring implementation of the Millennium Development Goals, the General Assembly adopted on 3 June 2010 resolution 64/267, which officially designated 20 October 2010 as the first ever World Statistics Day.

* In 2015, with resolution 96/282, the General Assembly decided to designate 20 October 2015 as the second World Statistics Day, stated un.org.


Significance of World Statistics Day :

The main significance of World Statistics Day is educate and aware people about the value of accurate, credible and error free statistical data for making well-informed decisions. It cultivates a deeper respect for the work done by statisticians and other data professionals across the globe..

Source : The Quint

Published On : October 20, 2023
A)
Bengaluru
B)
Hyderabad
C)
Chennai
D)
Thiruvananthapuram

Correct Answer :   Hyderabad


The Federation Internationale de l’Automobile (FIA) and Formula E have officially confirmed the return of the Hyderabad EPrix for a second edition. This highly anticipated event is scheduled to take place on February 10, 2024.


Hyderabad Secures a Slot in the Tenth Season of Formula E : Despite concerns about the future of the Hyderabad EPrix, fans and motorsport enthusiasts can now breathe a sigh of relief as the FIA and Formula E have included Hyderabad in the final calendar for the tenth season of the Formula E championship. This season will consist of 16 rounds, promising a thrilling competition for fans worldwide.


A New Indian Driver on the Grid : One of the most exciting aspects of the 2024 Hyderabad EPrix is the debut of an Indian driver, Jehan Daruvala. Daruvala will be making his mark in the all-electric single-seater championship, driving for Maserati MSG Racing and representing the Indian team Mahindra Racing. This is a significant moment for Indian motorsport as a homegrown talent joins the global stage.

The Success of the First Edition : The first-ever edition of the Hyderabad EPrix was not without its challenges, as is common with any inaugural event. However, the organizers successfully addressed the teething issues, and the event ultimately ran smoothly. The track layout received praise from the participating drivers, and it laid a solid foundation for future races in Hyderabad.


Formula E’s Commitment to India : Alberto Longo, Co-Founder and Chief Championship Officer of Formula E, spoke about the significance of returning to India., saying,  “We are honored to return to India thanks to the support of the Telangana Government and Minister K. T. Rama Rao.” This reaffirms Formula E’s commitment to promoting electric racing in India and strengthening the connection between motorsport and the Indian audience.


A Milestone in Indian Motorsport : The Hyderabad EPrix for its second edition in 2024 is a significant milestone for the world of motorsport and for India. With the inclusion of a talented Indian driver, Jehan Daruvala, and Formula E’s commitment to India, the event promises to be an unforgettable experience for both competitors and fans.

Published On : October 20, 2023
A)
Banwarilal Purohit
B)
Mangubhai C. Patel
C)
Indra Sena Reddy Nallu
D)
C. P. Radhakrishnan

Correct Answer :   Indra Sena Reddy Nallu


President Droupadi Murmu has appointed Indra Sena Reddy Nallu as Governor of Tripura.

* Senior BJP leader and former MLA, Nallu Indra sena Reddy has been appointed as the Governor of Tripura.

* Indra Sena Reddy Nallu is a national secretary of the BJP and has thrice served as an MLA in Andhra Pradesh.

* Currently, Satyadev Narayan Arya is serving as the 19th governor of Tripura.

* He is a BJP leader from Bihar and has previously served as a Governor of Haryana.

* The three-time MLA from Malakpet constituency has not been in the limelight for over a decade politically but has been active in the party circles.

* Born in Ranga Reddy district of Telangana, he won as MLA from Malakpet in the 1983, 1985 and 1999 elections.

* He also served as the floor leader of the BJP in the combined Andhra Pradesh Assembly.

Source : The Hindu

Published On : October 20, 2023