Current Affairs 27th October 2021, Daily GK Update

Daily GK & Current affairs is very important for any Government and other Competitive Exams. All the important updates based on current affairs 2021 are included in this Daily Current Affairs 27 October 2021 article.

Current Affairs 27th October 2021, Daily GK Update

Daily Current Affairs 2021: Daily Gk update is the most important section for any competitive examination. Current affairs ask from 4-5 Month so here Ambitious Baba regularly updates the Daily GK Update & daily Current affairs 2021.

If you are preparing for Government Job Exams then it is very important for you to read the Daily Current Affairs 2021, Daily GK Update 2021. All the important updates based on current affairs 2021 are included in this Daily Current Affairs 2021 article.

All the serious candidates are advised to bookmark this page and read the GK Update on a daily basis. It will help you mug up the important current affairs 2020 / Daily GK Update for LIC, IBPSSBI POSSCRailwaysSBI Clerk 2021 State, and NRA CET Exam of 2021.

National News

Gujarat CM Bhupendra Patel launched ‘Go Green’ Scheme to provide subsidized e-vehicles to workers

  • Gujarat Chief Minister Bhupendra Patel launched ‘Go-Green’ scheme & its Portal to provide electric two-wheelers at subzidised rates to construction and industrial workers of the state.
  • The organised sector workers, such as an industrial labourer, would get a subsidy of 30 percent 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 percent subsidy or Rs. 30,000, whichever is less on the purchase of battery-powered two-wheelers.
  • Aim: The Scheme aimed at reducing fuel bills and also curbs vehicular pollution.

About Gujarat:

  • Capital: Gandhinagar
  • Governor: Acharya Devvrat
  • Chief minister: Bhupendrabhai Patel

     International News

Sitharaman virtually attended the 6th Annual Meeting of Board of Governors of AIIB

Sitharaman virtually attended the 6th Annual Meeting of Board of Governors of AIIB

  • The Union Minister of Finance & Corporate Affairs Nirmala Sitharaman has participated in the 6th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) through a video conference from New Delhi.
  • The theme of the Annual Meeting of AIIB was “Investing Today and Transforming Tomorrow”. The Finance Minister of India shared her thoughts on the theme “COVID-19 Crisis and Post-COVID Support”, during the Governor’s Roundtable Discussion.
  • This year the meeting was jointly organized by AIIB in collaboration with the Government of the United Arab Emirates (UAE).

About Asian Infrastructure Investment Bank (AIIB):

  • Formation: 16 January 2016 (Open for business); 25 December 2015 (Entry into force Articles of Agreement)
  • Headquarters: Beijing, China
  • Members: 103 Members
  • President: Jin Liqun

GoI & ADB signed $ 4.5 million loan for Mizoram to support Urban Mobility

GoI & ADB signed $ 4.5 million loan for Mizoram to support Urban Mobility

  • The Government of India and Asian Development Bank (ADB) signed a $4.5 million project readiness financing (PRF) loan on October 26, 2021.
  • The loan agreement will support project preparation and design activities for improving urban mobility in capital city, Aizawl in the state of Mizoram.
  • PRF supports the development of long-term solutions for improve urban mobility by identifying high-priority urban transport investments in Aizawl.

About Asian Development Bank (ADB):

  • Founded: 19 December 1966
  • Headquarters: Mandaluyong, Philippines
  • President: Masatsugu Asakawa
  • Members: 68 countries

List of Loan approved by ADB (Recently)

  • $484 Million: Chennai-Kanyakumari Industrial Corridor
  • $500 Million: Metro rail network in Bengaluru
  • $150 Million: to improve urban housing in Tamil Nadu
  • $112Million: Improve water supply infrastructure in Jharkhand
  • $300Million: Expand rural connectivity in Maharashtra
  • $251Million: for Integrated Flood Management in Chennai

Shavkat Mirziyoyev elected as President of Uzbekistan for 2nd term

Shavkat Mirziyoyev elected as President of Uzbekistan for 2nd term

  • 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.

About Uzbekistan:

  • Capital: Tashkent
  • Currency: Uzbekistani som
  • Prime Minister: Abdulla Aripov

Banking and Financial

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

  • IndiGoand 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.

About Kotak Mahindra Bank (KMB):

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

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.
  • 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.
  • Aim: To promote affordable housing in the remotest locations of India.

About India Post Payments Bank (IPPB):

  • Founded: 2018, under the Department of Posts, Ministry of Communication
  • Headquarters: New Delhi, Delhi
  • MD & CEO: J Venkatramu
  • Tag line: Aapka Bank, Aapke Dwaar

ICICI Bank surpassed Hindustan Unilever in m-cap to become 5th Most Valued Company of India

ICICI Bank surpassed Hindustan Unilever in m-cap to become 5th Most Valued Company of India

  • ICICI Bank has crossed the market capitalisation of Hindustan Unilever to become the fifth-largest company by market value.
  • ICICI bank has become the 2nd bank, after HDFC Bank, among the top 5 companies.
  • According to BSE data, ICICI Bank’s market capitalisation (m-cap) stood at ₹5.83 lakh crore, just above HUL’s ₹5.76 lakh crore.

About ICICI Bank:

  • Headquarters: Mumbai, Maharashtra
  • MD & CEO: Sandeep Bakhshi
  • Tagline: Hum Hai Na, Khayal Apka

Appointment and Resignation

FloBiz Neobank signed Manoj Bajpayee as Brand Ambassador for myBillBook

FloBiz Neobank signed Manoj Bajpayee as Brand Ambassador for myBillBook

  • 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.

Note: List of brand ambassador

  • Mastercard global brand ambassador: Magnus Carlsen
  • TAGG, a tech-driven lifestyle electronics brand: Rohit Sharma
  • CoinDCX: Amitabh Bachchan
  • Fire-Boltt: Virat Kohli
  • CoinDCX ‘Future Yahi Hai’ campaign: Ayushmann Khurrana
  • Russian Film Festival in India: Imtiaz Ali
  • Realme: KL Rahul
  • Adidas’ Global Brand Ambassador: Deepika Padukone


Tamil film Koozhangal is India’s official entry to the Oscars 2022

  • Tamil-language drama film Koozhangal (Pebbles) has been selected as India’s official entry for 94th Academy Awards (Oscars 2022).
  • Koozhangal has been directed by filmmaker Vinothraj PS and produced by Vignesh Shivan and Nayanthara. It is related to alcoholic abusive husband who, after his long-suffering wife runs off, sets out with his young son.
  • If selected the film will compete under the “Best International Feature Film” category. The 94th Academy Awards is set to be held on 27th March 2022 in Los Angeles, United States of America.


India and UK conducted maiden Tri-Service Exercise Konkan Shakti 2021

  • The maiden India-UK Joint Tri-Service exercise Konkan Shakti, 2021 commenced off the Konkan coast in the Arabian Sea that aims to derive “mutual benefits” from each other’s experiences.
  • The growing interactions between India and UK creates commitment to the rules based interaction system that enhances values of Open trade and belief in the importance of freedom in the high seas.
  • Apart from the UK, India is also conducting a tri-services exercise with the US and Russia.


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.

About France:

  • Capital: Paris
  • Currency: Euro
  • Prime Minister: Jean Castex

Important day

27 October: World Day for Audiovisual Heritage

  • The World Day for Audiovisual Heritage is observed on October 27, every year.
  • This day was adopted by the 21st General Conference of the recommendations, in the year 1980, in a bid to safeguard and preserve the moving images.
  • The day was declared by UNESCO (United Nations Educational, Scientific, and Cultural organization) on October 27, 2005.
  • Theme 2021: “Your Window to the World”.

27 October 2021: Indian Army celebrated 75th Infantry Day

  • The Indian Army celebrates October 27 every year as the ‘Infantry Day’. This year nation celebrates its 75th Infantry Day on October 27, 2021.
  • Infantry Day is celebrated as a remembrance of the first military event of independent India, when the First Battalion of the Sikh Regiment of Indian Army fought battle to accomplish victory over the first attack on the Indian soil by the Pakistan Army and Lashkar invader on October 27, 1947, in the Kashmir valley, who tried to grab J&K.

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