Current Affairs - October 23, 2023 Current Affairs

The European Union Tax Observatory's 'Global Tax Evasion Report 2024' calls for a 2% global wealth tax on billionaires to combat tax evasion. The report emphasizes the urgent need to combat tax evasion, which enables some billionaires to effectively pay between 0% to 0.5% of their wealth in taxes.

The government has allocated ₹30,000 crore to expand the Pradhan Mantri Fasal Bima Yojana portal. This initiative will transform the PMFBY into a comprehensive platform that will extend insurance coverage beyond crops to include a wide range of agricultural assets.

Chief Justice of India DY Chandrachud received the "Award for Global Leadership" from Harvard Law School. This award is the highest professional recognition from Harvard Law School, and it is given to individuals who have made significant contributions to the field of law and justice. Chandrachud is a distinguished alumnus of Harvard Law School, and he is known for his commitment to human rights and social justice. He has been a vocal advocate for the rights of marginalized groups, and he has played a key role in advancing the cause of justice in India.

Ashok Vaswani was appointed as the next Managing Director and Chief Executive Officer of Kotak Mahindra Bank in October 2023. He brings with him over three decades of experience in the banking and financial sector, having worked in various senior positions at leading banks such as Citibank, Standard Chartered, and Barclays.

The US imposed sanctions on three Chinese firms—General Technology Limited, Beijing Luo Luo Technology Development, and Changzhou Utek Composite Company—accusing them of supplying missile components to Pakistan.

Shubman Gill, the dynamic Indian opener, has become the fastest player to reach 2000 runs in ODIs. He achieved this feat in just 38 innings, surpassing the previous record set by Hashim Amla, who had done so in 40 innings.

India will host the world's largest textile event, Bharat Tex 2024, in New Delhi from February 26 to February 29, 2024. The event is expected to attract over 1,000 exhibitors from around the world and showcase a wide range of textile products, from traditional handicrafts to the latest innovations in fabric technology.

Defence Minister Rajnath Singh launched Project 'Udbhav', an initiative by the Indian Army to blend ancient wisdom with modern military methods for tackling current security challenges. Project 'Udbhav' aims to rediscover the profound Indian heritage of statecraft and strategic thoughts derived from ancient Indian texts such as Chanakya's Arthashastra, Kamandaka's Nitisara, and the Thirukkural by the Tamil poet-saint Thiruvalluvar.

Sanjay Kumar Jain, an officer of the Indian Railway Traffic Service (IRTS) of the 1990 batch, has been appointed as the Chairman and Managing Director (CMD) of the Indian Railway Catering and Tourism Corporation (IRCTC). His appointment comes after a vacancy in the position since the retirement of Mahendra Pratap Maal in January 2021. The recommendation for his appointment was made by the Search-Cum-Selection Committee (SCSC) and subsequently approved.

RBL Bank introduced the GO Savings Account, a revolutionary subscription-based digital banking model offering high interest rates of up to 7.5% per annum. The subscription-based model offers customers several benefits, including high-interest rates, no minimum balance requirement, and a variety of value-added services.

Sri Ganganagar is the hottest place in India, with summer temperatures regularly soaring above 45 degrees Celsius (115 degree Fahrenheit). It is located in the northernmost part of the Indian state of Rajasthan, in the Thar Desert.

Parul Parmar and Amit Saroha will be the flag bearers for India at the 2023 Asian Para Games opening ceremony. Parmar is a renowned para shuttler, while Saroha is a para-club thrower.

Mohammed Shami became the first Indian bowler to pick two five-wicket hauls in ICC ODI World Cups. He achieved this feat in the 2023 ICC Men's Cricket World Cup match against New Zealand. Shami took the wickets of Will Young, Rachin Ravindra, Daryll Mitchell, Mitchell Santner, and Matt Henry. He is now the ninth bowler overall to take two fifers in ODI World Cups.

The Indian government has approved the export of 1.34 million tonnes of Non-Basmati White Rice to seven countries. This export approval has been issued by the Directorate General of Foreign Trade (DGFT). The approved exports are intended for seven countries, namely Nepal, Cameroon, Cote D’Ivoire, Republic of Guinea, Malaysia, Philippines, and Seychelles.

HDFC Bank launched the XpressWay digital platform for swift loans. XpressWay is a cutting-edge digital platform that offers a wide range of banking products and services, including loans, credit cards, and savings accounts. It is designed to provide customers with a rapid and hassle-free banking experience.