28th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 28th October 2021 covering the following news headlines: Indo-Pacific Regional Dialogue, DefExpo 2022, Syracuse 4A, Kotak Mahindra Bank, SAMBHAV.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 28th October 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 15 Daily GK Updates: National & International News

Here is providing below the top 15 important Daily General Knowledge GK 2021 updates with national & international news.

National News

1. R K Singh launches the Green Day Ahead Market (GDAM)

• The Union Minister of Power & New and Renewable Energy, R K Singh has launched a new market segment, “Green Day Ahead Market (GDAM)”. This makes India as the only large electricity market in the world to implement a GDAM exclusively for renewable energy.
• The launch of the green day-ahead market will deepen the green market and will provide competitive price signals, besides offering an opportunity to market participants to trade in green energy, in the most transparent, flexible, competitive, and efficient manner.
• The new initiative will open the renewable energy sector to enable anyone to set up the capacity and sell it to distribution companies and industries.
• Meanwhile, the electricity generation and distribution companies will be able to buy or sell renewable energy through open access.
• The market-based competitive prices will provide another option to renewable generators to sell power as well as accelerate the renewable capacity addition towards the government’s vision of building India as a sustainable and efficient energy economy.

International News

2. Shavkat Mirziyoyev re-elected as President of Uzbekistan

• Shavkat Mirziyoyev, the incumbent President of Uzbekistan has won a 2nd five-year term as the President of Uzbekistan. He is a member of the UzLiDeP (Uzbekistan Liberal Democratic Party).
• Shavkat Mirziyoyev took office in 2016 following the death of Islam Karimov, the first post-independence president of Uzbekistan.

Important takeaways for all competitive exams:

• Uzbekistan Capital: Tashkent;
• Uzbekistan Currency: Uzbekistani som;
• Uzbekistan Prime Minister: Abdulla Aripov.

3. Indo-Canadian Anita Anand appointed Canada’s defence minister

• Indo-Canadian Anita Anand became just the second woman to be appointed Canada’s minister of national defence as Prime Minister Justin Trudeau announced his new cabinet.
• The ministers were sworn in by governor-general Mary May Simon in a ceremony at Rideau Hall in Ottawa. She is the first woman to serve as defence minister since Kim Campbell in the 1990s.

Important takeaways for all competitive exams:

• Canada Capital: Ottawa; Currency: Canadian dollar.

4. France launched Military Communications Satellite “Syracuse 4A”

• France has successfully launched a state-of-the-art satellite namely ‘Syracuse 4A’ into orbit which was carried off by Ariane 5 rocket from Kourou, in French Guiana. It is designed to allow France’s armed forces across the globe to communicate swiftly and securely. The satellite can survey its close surroundings and move itself to escape an attack.
• Syracuse IV produces a throughput three times higher (1.5 Gbit/sec) than Syracuse III by operating in two bands: X and Ka. Three satellites are to be placed in orbit: the second in 2022 and the third on an unknown date.
• The total cost of the Syracuse IV programme is EUR3.6 billion (nearly USD4.2 billion). Syracuse IV is the first French military satellite with the ability to detect other satellites that are trying to gather information from it or to destroy it.

Important takeaways for all competitive exams:

• France Capital: Paris;
• France Currency: Euro;
• France Prime Minister: Jean Castex.

States News

5. Gujarat CM Bhupendra Patel launched ‘Go Green’ Scheme

• Gujarat Chief Minister Bhupendra Patel has launched the ‘Go-Green’ scheme & its Portal to provide electric two-wheelers at subsidised rates to construction and industrial workers of the state. The scheme is aimed at reducing fuel bills and also curbing vehicular pollution.
• The organised sector workers, such as an industrial labourer, would get a subsidy of 30 per cent on the vehicle’s price or Rs. 30,000, whichever is less, on the purchase of battery-powered two-wheelers. For construction sector workers, 50 per cent subsidy or Rs. 30,000, whichever is less on the purchase of battery-powered two-wheelers.

Important takeaways for all competitive exams:

• Gujarat Capital: Gandhinagar;
• Gujarat Governor: Acharya Devvrat;
• Gujarat Chief minister: Bhupendrabhai Patel.

Appointments News

6. FloBiz Neobank signed Manoj Bajpayee as Brand Ambassador

• FloBiz, a neobank for Indian Small to Medium-sized Businesses (SMBs), announced Padma Shri Awardee actor Manoj Bajpayee as the brand ambassador for its flagship product.
• He will promote the ‘’Business Ko Le Seriously’’ campaign to mark the importance of digital solutions. He has signed to accelerate myBillBook’s outreach to the SMB sector and promote the adoption of myBillBook– a simple to use GST (Good & Services Tax) billing and accounting software.

Defence News

7. Rajnath Singh chairs Ambassadors’ Round Table for DefExpo 2022

• In a major outreach to the friendly foreign countries as also to the defence manufacturing industries of the world, Raksha Mantri, Rajnath Singh has chaired the Ambassadors’ Round Table for Def Expo 2022, in New Delhi.
• DefExpo 2022 will be Asia’s largest defence exhibition. The Round Table was aimed to brief the Ambassadors of foreign missions about the planning, arrangements and other details of DefExpo 2022, which will be held in Gandhinagar, Gujarat between March 10-13, 2022.

8. India successfully test-fires “Agni-5” ballistic missile

• The Defence Research and Development Organisation (DRDO) carried successful test-firing of surface-to-surface ballistic missile Agni-5 on October 27, 2021, from APJ Abdul Kalam Island in Odisha.
• Agni-5 is a nuclear-capable intercontinental ballistic missile (ICBM), which uses a three-stage solid-fuelled engine. The missile can strike targets at ranges up to 5,000 km with a very high degree of accuracy.
• The indigenously-developed surface-to-surface missile, Agni-5, is capable of striking a target more than 5,000 km. It is about 17-metre long, 2-metre wide and has a launch weight of around 50 tonnes.
• The missile can carry a nuclear warhead of more than one tonne. The successful test of Agni-5 is in line with India’s stated policy to have ‘credible minimum deterrence’ that underpins the commitment to ‘No First Use’.

Agreements News

9. Kotak Mahindra Bank tied up with IndiGo to launch ‘Ka-ching’ Credit Card

• IndiGo and Kotak Mahindra Bank (KMB) entered into a strategic partnership for the launch of a co-branded credit card named ‘Ka-ching’. The credit card was launched under IndiGo’s 6E Rewards programme and linked with it to enable the members to earn rewards by using the card on IndiGo and other merchants.
• The co-branded card will be available in 2 variants such as 6E Rewards and 6E Rewards XL by offering exclusive travel benefits for domestic and international travel.

Important takeaways for all competitive exams:

• Kotak Mahindra Bank Founded: 2003;
• Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra;
• Kotak Mahindra Bank MD & CEO: Uday Kotak;
• Kotak Mahindra Bank Tagline: Let’s make money simple.

10. HDFC Ltd and India Post Payments Bank partnered to Offer Home Loans

• HDFC Ltd and India Post Payments Bank (IPPB) made a strategic partnership to offer HDFC Ltd’s home loans to 4.7 crore customers of IPPB through its wide network of 650 branches and over 1.36 lakh banking access points. The partnership helps to promote affordable housing in the remotest locations of India.
• Under the partnership, IPPB will offer home loans for customers in unbanked and underserved areas through nearly 1,90,000 banking service providers including postmen and Gramin Dak Sevaks.

Important takeaways for all competitive exams:

• MD and CEO of India Post Payments Bank (IPPB): J Venkatramu;
• India Post Payments Bank (IPPB) was incorporated as Payments Banking Company under Section 22 (1) of the Banking Regulation Act, 1949;
• India Post Payments Bank (IPPB) Headquarters: New Delhi.

Summits and Conferences News

11. PM Modi attend 16th East Asia Summit virtually

• Prime Minister Narendra Modi has participated in the 16th East Asia Summit (EAS) through a video conference on October 27, 2021, during which he re-affirmed India’s focus on a free, open and inclusive Indo-Pacific and the principle of ASEAN Centrality in the region.
• The 16th EAS was hosted under the Chairmanship of Brunei. This was the 7th East Asia Summit for Prime Minister Modi.
• The Summit ended with the adoption of three Statements by EAS leaders, which includes, Mental Health, Economic recovery through Tourism and Sustainable Recovery.
• The members of EAS includes 10 ASEAN member states, and India, China, Japan, the Republic of Korea, Australia, New Zealand, the United States and Russia.

12. Indo-Pacific Regional Dialogue commences

• Indo-Pacific Regional Dialogue (IPRD) 2021 is being organized as a three-day online event on 27, 28 and 29 October 2021.
• IPRD 2021 will focus on the theme ‘Evolution in Maritime Strategy during the 21st Century: Imperatives, Challenges and Way Ahead’. It will focus on eight specific sub-themes.
• The National Maritime Foundation is the Indian Navy’s knowledge partner for IPRD 2021. It is also the Indian Navy’s chief organiser for IPRD 2021.
• Indo-Pacific Regional Dialogue (IPRD) is the apex international annual conference of the Indian Navy. It was first conducted in 2018.
• IPRD aims to review both opportunities and challenges that arise within the Indo-Pacific.

Schemes and Committees News

13. MSME Ministry launches “SAMBHAV” National Level Awareness Programme

• The Ministry of Micro, Small & Medium Enterprises (MSME) has launched an e-National Level Awareness Programme ‘SAMBHAV”, to promote engagement of the youth in promoting entrepreneurship.
• The e-National Level Awareness Programme 2021 ‘SAMBHAV” was launched by Union Minister of MSME Narayan Rane in New Delhi.
• The mass outreach program will be a one-month long initiative under the Ministry of MSME in which students from different colleges/ITIs from all parts of the country will be encouraged by 130 field offices of the Ministry to take up entrepreneurship.
• During the campaign, the college students will be made aware of the various schemes being implemented by the Ministry of MSME through Audio/Video film presentations.
• Awareness programs will be conducted in more than 1,300 colleges across the country in which 1,50,000 students are expected to participate.

Business News

14. CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank

• The Competition Commission of India (CCI) has approved the acquisition of 4.99 percent of the outstanding equity share capital in HDFC ERGO General Insurance Company by private sector lender HDFC Bank.
• HDFC Bank will acquire 3.56 crore shares or 4.99% stake for Rs 1,906 crore from the parent company Housing Development Finance Corporation (HDFC). HDFC ERGO General Insurance Company is a joint venture between HDFC and European insurer ERGO International AG.
• The proposed combination will enable the lender to participate in the growth opportunity of HDFC ERGO General Insurance and create long-term value for its shareholders, as per a combination notice filed with the regulator.

Important takeaways for all competitive exams:

• HDFC Bank Headquarters: Mumbai;
• HDFC Bank Founded: August 1994;
• HDFC Bank CEO: Sashidhar Jagdishan;
• HDFC Bank Tagline: We understand your world.

Important Days

15. International Animation Day: 28 October

• International Animation Day is observed every year on October 28 to celebrate the art of animation and also recognise the artists, scientists and technicians behind animation. This year marks the 20th International Animation Day.
• The day was created in 2002 by International Animated Film Association (ASIFA), an International Animated Film Association, a member of UNESCO.

Important takeaways for all competitive exams:

• President of ASIFA: Sayoko Kinoshita.
• ASIFA Founder: John Halas.
• ASIFA Founded: 1960, Annecy, France.