Current Affairs 29th 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 29 October 2021 article.

Current Affairs 29th 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

BSE signed MoU with Chhattisgarh to promote listing of SMEs

  • The Bombay Stock Exchange (BSE), has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh to spread awareness about the benefits of listing SMEs (Small Medium Enterprises).
  • The Department of Industries and Commerce (DICC) in collaboration will provide support in mobilizing the SME representatives through the District Industries Centre.
  • Aim: To help the SMEs of the states in getting equity financing and to boost the income of the state and create employment.

About Chhattisgarh:

  • Capital: Raipur
  • Governor: Anusuiya Uikey
  • Chief Minister: Bhupesh Baghel

7 Member Economic Advisory Council to the PM reconstituted under Chairman Bibek Debroy

  • Prime Minister Narendra Modi has approved to reconstitute the 7-member Economic Advisory Council to the Prime Minister (EAC-PM) following the end of its tenure in September 2021.
  • The EAC-PM has been reconstituted for a period of two years or until further orders.
  • Noted economist and NITI Aayog member Bibek Debroy who has been serving as the chairman of EAC-PM since 2017 will continue as the Chairman of the reconstituted EAC-PM.
  • Part-Time members:
    PM Modi has inducted 3 new part-time members for a period of 2 year: Rakesh Mohan, T.T Ram Mohan, Poonam Gupta
  • Other part-time members: Sajid Chenoy, Neelkanth Mishra, Nilesh Shah

List of Latest Committee and Headed by

  • SEBI formed 4-Member Advisory Committee on Settlement Orders: Vijay C Daga
  • Working Group Constituted to overhaul Pradhan Mantri Fasal Bima Yojana (PMFBY): Ritesh Chauhan
  • Expert Group by MoHFW on Tobacco Tax Policy: Vikas Sheel
  • Empowered Group of Secretaries (EGOS) to review and monitor the implementation of the PM GatiShakti NMP: Rajiv Gauba
  • National Steering Committee for NIPUN Bharat Mission: Dharmendra Pradhan
  • SC’s committee to Probe unauthorized surveillance using Pegasus in India: R V Raveendran

MSME Ministry launched “SAMBHAV” to promote Entrepreneurship in India

MSME Ministry launched “SAMBHAV” to promote Entrepreneurship in India

  • Narayan Tatu Rane, Union Minister of Micro, Small & Medium Enterprises (MSME) launched ‘SAMBHAV’ an e-national level Awareness programme 2021 to promote the role of entrepreneurship towards the development of India.
  • SAMBHAV will be a one-month-long initiative under the Ministry of MSME (MoMSME).
  • Under this programme, the students from colleges and ITIs from across India will be encouraged by 130 field offices of the MoMSME to take up entrepreneurship.

Civil Aviation Minister launched Krishi UDAN 2.0 to promote Agri-Products Transportation by Air

  • Civil Aviation Minister Jyotiraditya Scindia has launched Krishi UDAN 2.0, laying out the vision of improving value realization through better integration and optimization of Agri-harvesting and air transportation.
  • It proposes to facilitate and incentivize the movement of Agri-produce by air transportation. Krishi UDAN 2.0 will be implemented at 53 airports.
  • An online platform called e-Kushal (Krishi UDAN for Sustainable Holistic Agri-Logistics) would be developed to facilitate information dissemination to all stakeholders regarding the transportation of agricultural produce.

     International News

South Korea inaugurated World’s Largest Hydrogen Fuel Cell Power Plant

  • The Ministry of Trade, Industry and Energy of South Korea held that the ‘Shinincheon Bitdream Fuel Cell Power Plant’ at the Shinincheon Bitdream headquarters of Korea Southern Power in Seo-gu, Incheon has been completed and inaugurated.
  • The power plant is operated by South Korea’s independent power production company, POSCO Energy and Doosan Fuel Cell. It has a capacity of 78 MW constructed in four stages from 2017. The project cost about 340 billion won ($292 million).

About South Korea:

  • Capital: Seoul
  • Currency: South Korean won
  • President: Moon Jae-in

THE’s World Reputation Rankings 2021; IISc Bengaluru among Top 100

MSME Ministry launched “SAMBHAV” to promote Entrepreneurship in India

  • 4 Indian institutes have made it to the Times Higher Education (THE)’s World Reputation Rankings 2021, the annual ranking of THE that features the top 200 universities based on the votes from leading academics across the globe.
  • Indian Institute of Science (IISc) Bengaluru ranked among the top 100 (91-100) has topped the Indian Institutes. The other 3 Indian institutes are the IIT Bombay, the IIT Delhi, and the IIT Madras.
  • Harvard University of the United States of America (USA) has topped the 2021 ranking. Massachusetts Institute of Technology (MIT), USA and University of Oxford from the United Kingdom (UK) has secured the 2nd and 3rd rank respectively.
Ranking  Institute
1 Harvard University (US)
2 Massachusetts Institute of Technology (US)
3 University of Oxford (UK)
10 Tsinghua University (China)


Ranking of Indian Institutes:

Ranking  Institute
91-100 IISc Bangalore
126-150 IIT Bombay
176-200 IIT Delhi
176-200 IIT Madras


Banking and Financial

ADB signed a $251 mn loan for Integrated Urban Flood Management in Chennai

ADB signed a $251 mn loan for Integrated Urban Flood Management in Chennai

  • The government of India and Asian Development Bank (ADB) have signed a $251-million loan for climate-resilient, integrated urban flood protection and management in Chennai–Kosasthalaiyar basin to strengthen the resilience of Chennai city to floods.
  • It will help residents of Chennai–Kosasthalaiyar basin to cope with intensifying rainfall, a higher sea-level rise, and a storm surge caused by cyclones, and protect lives, economy, and environment.

About Asian Development Bank (ADB):

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

India, ADB signed $100 mn loan to promote agribusiness network, reduce food losses in Maharashtra

  • Government of India signed $100 million with Asian Development Bank (ADB) to promote Maharashtra Agribusiness Network (MAGNET) Project to boost farm incomes and reduce food losses in Maharashtra.
  • ADB will provide a $500,000 technical assistance (TA) grant from its Technical Assistance Special Fund and $2 million from the Japan Fund for Poverty Reduction on a grant basis to improve market linkages for FPOs (Farmer Producer Organizations).
  • It will upgrade 16 existing post-harvest facilities and construct 3 new ones to provide individual farmers and FPOs.

List of Loan approved by ADB in 2020-21

  • $500 Million: Metro rail network in Bengaluru
  • $150 Million: to improve urban housing in Tamil Nadu
  • $112 Million: Improve water supply infrastructure in Jharkhand
  • $300 Million: Expand rural connectivity in Maharashtra
  • $251 Million: for Integrated Flood Management in Chennai
  • $4.5 million: for Mizoram to support Urban Mobility

SAIPL partnered with SBI to provide financial support to Dairy farmers in Maharashtra

SAIPL partnered with SBI to provide financial support to Dairy farmers in Maharashtra

  • Sunfresh Agro Industries Private Limited (SAIPL) in Maharashtra operating under Global dairy major Lactalis partnered with the State Bank of India (SBI) to extend financial support to the dairy farmers in the state.
  • The loan from SBI helps the farmers to buy cattle that would produce higher quality milk, improve storage and supply chain.
  • The company is in the market with the brand Parbhat for milk and indigenous products.

About State Bank of India (SBI):

  • Founded: 1 July 1955
  • Headquarters: Mumbai
  • Chairman: Dinesh Kumar Khara
  • SBI MDs: Ashwani Bhatia, C.S. Setty, Swaminathan Janakiraman, and Ashwini Kumar Tewari
  • Chief Financial Officer (CFO): Charanjit Surinder Singh Attra

Appointment and Resignation

K V Kamath appointed as Chairperson of the National Bank for Financing Infrastructure and Development

K V Kamath appointed as Chairperson of the National Bank for Financing Infrastructure and Development

  • The government has appointed K V Kamath, as chairperson of the newly set up Rs 20,000 crore National Bank for Financing Infrastructure and Development (NaBFID), a newly set up Development Financial Institution (DFI) in India, Department of Financial Services (DFS), under the finance ministry.
  • National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 supports the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing.

Rajesh Gokhale appointed secretary of Department of Biotechnology

  • Dr Rajesh Gokhale, a professor of Biology at the Indian Institute of Science Education and Research (IISER), Pune, has been appointed as Secretary, Department of Biotechnology.
  • Gokhale will assume charge next month after the superannuation of Dr Renu Swarup scheduled on October 31.
  • Gokhale, an immunologist known for developing Long-chain Fatty acyl-AMP ligase (FAAL) along with working extensively on tuberculosis, had previously helmed the CSIR – Institute of Genomics and Integrative Biology (IGIB).

RBI approved appointment of Baldev Prakash as MD & CEO of J&K Bank

  • Jammu & Kashmir Bank said the Reserve Bank has approved the appointment of Baldev Prakash as its next Managing Director and CEO for 3 years from 10 April 2022.
  • Presently, RK Chhibber is the Chairman and Managing Director of J&K Bank, who assumed charge of the bank in June 2019.

About Jammu & Kashmir Bank:

  • Founded: 1 October 1938
  • Headquarters: Srinagar
  • Tagline: ‘’Serving to Empower’’

S C Khuntia appointed as Jana Small Finance Bank Part-Time Chairman

  • Subhash Chandra Khuntia, a 1981 batch IAS officer has been appointed as the part-time Chairman of the Jana Small Finance Bank (SFB).
  • He has served as the Chairman of the Insurance Regulatory and Development Authority of India (IRDAI) from 2018 to May 2021.

About Jana Small Finance Bank:

  • Headquarters: Bengaluru
  • Founded: 2008
  • CEO: Ajay Kanwal

Important day

29 October: International Internet Day

  • International Internet Day is marked annually on 29 October. The day commemorates the anniversary of the first message that was sent between two computers on 29 October 1969 through ARPANET, the predecessor of the Internet.
  • The first message exchange through the network was to programmer Bill Duvall at Stanford Research Institute by UCLA professor Leonard Kleinrock and his student and programmer Charley Cline.
  • The first International Internet Day was celebrated on October 29, 2005.


Eminent Oncologist Padma Shri Dr Madhavan Krishnan Nair passed away

  • Padma Shri Dr Madhavan Krishnan Nair, an eminent Oncologist and the founding director of the Regional Cancer Centre (RCC), Thiruvananthapuram, Kerala has passed away in Thiruvananthapuram, Kerala.
  • Dr M Krishnan Nair has served as a member of the expert group that prepared the National Cancer Control Plan of India. He has also served on the Expert Advisory Panel on Cancer of the World Health Organization (WHO).
  • The GoI has honoured him with the Padma Shri for medicine in 2001.

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