Dear Readers, Here we have given the list of Important Weekly Current Affairs of Oct 01st to 07th Oct 2024. Candidates those who are preparing for Upcoming SBIClerk 2024 and other competitive exams can make use of it.

Weekly Current Affairs Oct 01st to 07th PDF Download

CURRENT AFFAIRS: IMPORTANT DAYS

• The International Day of Older Persons is observed every year on 1st October
• World Vegetarian Day is observed on the 1st of October of every year.
• The International Coffee Day is observed on 1st October of every year.
• The International Day of Non-violence is observed on the 2nd October of every year.
• Gandhi Jayanti is celebrated in India to commemorate the birth anniversary of the freedom fighter Mohandas Karamchand Gandhi, also known as Mahatma Gandhi.
• As National Wildlife Week approaches from October 2 to 8, 2024, India is gearing up to celebrate its diverse ecosystems and emphasize the vital importance of wildlife conservation.
• On October 2, 2024, coinciding with Gandhi Jayanti, Prime Minister Narendra Modi participated in Swachh Bharat Diwas at Vigyan Bhawan, New Delhi, marking the completion of a decade of the Swachh Bharat Mission.
• World Smile Day is celebrated on the first Friday of October every year & this year World Smile Day was celebrated on 4th October.
• World Animal Day is celebrated on the 4th October of every year.
• World Space Week (WSW) is an annual international celebration of science and technology and their contributions to improving the human condition. The United Nations General Assembly declared WSW will be observed every year from October 4 to 10.
• World Teachers Day or International Teachers Day is celebrated on the 5th October of every year.
• Every year October 6th is observed as World Cerebral Palsy Day & this year's theme, ‘#UniquelyCP’, celebrates the uniqueness of the cerebral palsy community - their interests, passions, and identities - showing that they are not solely defined by their disability.
• World Cotton Day is observed on 7th October of every year & The theme of World Cotton Day is, 'Cotton for Good'
• World Habitat Day is observed on the first Monday of October of every year. This year World Habitat Day is celebrated on the 7th of October.

CURRENT AFFAIRS : BANKING & FINANCE

• Amid concerns about rising investor trading in the Futures & Options (F&O) segment, the new securities transaction tax (STT) levied on the sale of futures and options contracts will kick in from October 1, 2024.
• As of September 20, 2024, India’s foreign exchange reserves reached a record high of $692.3 billion, marking the sixth consecutive week of increases.
• The Securities and Exchange Board of India (SEBI) paved the way for the introduction of a new asset class, which will add depth and variety to the investment landscape of the country.
• The Insurance Regulatory and Development Authority of India (IRDAI) introduced new surrender value norms to ensure "reasonableness and value for money" for both exiting and continuing policyholders.
• Paisabazaar, India's leading online marketplace for consumer credit and free credit score platform, has partnered with YES BANK, India's sixth largest private sector bank, to unveil their co-branded credit card - YES BANK Paisabazaar PaisaSave Credit Card.
• Online travel tech platform in India, com has introduced ScanMyTrip.com, the country’s first travel marketplace of its kind.
• The Asian Development Bank (ADB) has approved a $50 million loan to improve water resources management, enhance access to water, and strengthen community resilience to climate change in the state of Meghalaya, India.
• Jana Small Finance Bank has introduced the 'Liquid Plus Fixed Deposit' scheme.
• Unified Payment Interface (UPI) daily transactions crossed 501 million in September 2024, the highest ever since UPI turned operational in 2016.
• Insurer Star Health has filed a lawsuit against social media platform Telegram and a ‘hacker’ after it was discovered that the hacker was using the messaging application to leak company data.
• India's current account deficit (CAD) increased to 1.1% of GDP in Q1 FY25, amounting to $9.8 billion, up from 1% (or $8.9 billion) in the same period last year.
• State Bank of India (SBI) has filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against KM Toll Road Private Limited (KMTRPL), a wholly owned subsidiary of Reliance Infrastructure, before the National Company Law Tribunal, Mumbai, for a claim amount of ₹233.44 crore (including interest).
• IDFC FIRST Bank, a leader in innovative financial solutions, has announced the launch of the Ashva Credit Card, its newest offering for the modern, discerning customer.
• The Reserve Bank of India (RBI) has initiated a scheme to promote original writings and research in Hindi on economics, banking, and financial subjects.
• Axis Bank introduced a Corporate Credit Card Suite specifically designed for start-ups under its New Economy Group (NEG).
• The Reserve Bank of India (RBI)’s Committee on MIBOR Benchmark was established to review rupee interest rate benchmarks, specifically evaluating the Mumbai Interbank Outright Rate (MIBOR) usage and considering a transition to a new benchmark.
• According to data from Prime Database, the issuance of certificates of deposit (CDs) by banks has surged by 66% in the first six months of the current fiscal as lenders struggle with sluggish deposit growth. In the first half of FY25, banks raised Rs 5.59 lakh crore through CDs, compared to Rs 3.37 lakh crore a year ago.
• State Bank of India (SBI) is planning to open 600 branches across the country in the current financial year in a bid to tap business opportunities in emerging areas including large residential townships.
• The Pension Fund Regulatory and Development Authority (PFRDA) is set to introduce a new National Pension Scheme (NPS) that allows subscribers to maintain 50% of their investment in equity funds until the age of 45.
• PhonePe announced its partnership with Jar to introduce a new ‘Daily Savings’ feature on its platform for purchase of digital gold.
• The Securities and Exchange Board of India (Sebi) restrained Axis Capital (ACL) — a wholly owned subsidiary of Axis Bank from taking any new assignment as a merchant banker, arranger or underwriter in the debt segment for alleged violation of the norms.
• The overseas arm of India's National Payments Corporation of India (NPCI) will build a digital payments system for Trinidad and Tobago, modelled after India's United Payments Interface (UPI).
• Axis Bank has extended a Rs 1 billion loan guarantee to non-bank lender Muthoot Capital, aimed at promoting e-mobility in India.
• Global tech titan Google has tied up with Muthoot Finance to provide gold-backed loans through its mobile payments service GPay.
• For the first time since COVID-19, PMMY loans showed a decline in disbursal, totaling ₹1,86,284 crore in the first half of the current financial year (as of September 27, 2024).
• State-owned Bank of Baroda (BoB) proposes to sell its Oman operation to Bank Dhofar as part of the rationalisation of foreign operations.
• The Asian Development Bank (ADB) has approved a USD 162 million loan for tourism development in Himachal Pradesh.
• The Pension Fund Regulatory and Development Authority (PFRDA) has launched the Balanced Life Cycle Fund (BLC) as an additional life cycle fund option for private sector subscribers under the All Citizen model and Corporate NPS.
• Markets regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 12 lakh on NSE Data And Analytics Limited for its failure to segregate IT infrastructures and manpower between itself and its parent firm National Stock Exchange (NSE).

CURRENT AFFAIRS: NATIONAL NEWS

• Prime Minister Narendra Modi inaugurated several significant projects in Maharashtra via video conferencing, including the first phase of the Pune Metro and the upgraded Solapur Airport.
• The government intends to introduce three bills aimed at facilitating simultaneous elections across the country.
• Prime Minister Narendra Modi will commemorate the completion of 10 years since the launch of the Swachh Bharat Mission by participating in the Swachh Bharat Diwas programme on October 2.
• Delhi Environment Minister Gopal Rai inaugurated an “Advanced Green War Room” at the Delhi Secretariat, aimed at monitoring and tackling air pollution in the capital, especially as winter approaches.
• Amitabh Kant, former NITI Aayog CEO and India's G20 Sherpa, highlighted the transformative impact of the Insolvency and Bankruptcy Code (IBC) on India's economy during the 8th Annual Day Lecture of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi.
• The Prime Minister's Internship Scheme, designed to skill 1 crore (10 million) youth at the top 500 companies in India, is set to launch soon.
• The government launched the PM E-DRIVE Scheme, aimed at promoting the adoption of electric vehicles (EVs) in India.
• The Union Environment Ministry has officially notified the Ecomark Rules, 2024, recasting its flagship scheme for labelling eco-friendly products.
• India emerged as the second-best performing major global market during the first half of FY 2024-25 (H1FY25), closely following Hong Kong.
• Prime Minister Narendra Modi will visit Hazaribag, Jharkhand, where he will launch, inaugurate, and lay the foundation stones for projects worth over ₹83,300 crore.
• Prime Minister Shri Narendra Modi launched the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA) on Mahatma Gandhi's birth anniversary from Hazaribagh, Jharkhand.
• During a joint press conference with Jamaican Prime Minister Andrew Holness, Prime Minister Narendra Modi announced the official naming of the road in front of the Jamaica High Commission in New Delhi as 'Jamaica Marg.'
• The 4th meeting of the General Council (GC) for the Khelo India Scheme took place in New Delhi, chaired by Union Minister of Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya.
• The Union Minister of Ports, Shipping & Waterways (MoPSW), Shri Sarbananda Sonowal, officially launched the Cruise Bharat Mission from the Mumbai port, aimed at unlocking the tremendous potential of cruise tourism in India.
• The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the conferment of Classical Language status to Marathi, Pali, Prakrit, Assamese, and Bengali.
• The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a proposal from the Department of Agriculture & Farmers Welfare (DA&FW) to rationalize all Centrally Sponsored Schemes (CSS) under the Ministry of Agriculture and Farmers into two umbrella schemes: Pradhan Mantri Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana (KY).
• The Reserve Bank of India (RBI) placed on its website a research study titled “Status of Digital Financial Literacy in Lakshadweep Islands: Bottlenecks and Way Forward” under the Project Research Study.
• The limit for Ways and Means Advances for October 2024 to March 2025 has been set at ₹50,000 crore in consultation with the Government of India.
• Visa has launched the Visa Tokenized Asset Platform (VTAP), a platform aimed at helping global banks issue stablecoins and fiat-backed tokens.
• The Reserve Bank of India (RBI) has come up with ‘RBI (Credit Derivatives) Directions, 2021 – Draft’ as the development of the Credit Default Swap (CDS) market is sine qua non for the development of a liquid market for corporate bonds, especially for the bonds of lower-rated issuers.

CURRENT AFFAIRS : INTERNATIONAL NEWS

• The North Atlantic Treaty Organisation (NATO) will set up a new land command in eastern Finland, near the Russian border, in 2025.
• India and Brazil aim to establish the Global Biofuel Alliance (GBA) headquarters and finalize its charter by the end of the current year(2024).
• Prime Minister Narendra Modi visited Washim, Maharashtra, to inaugurate a series of agriculture and animal husbandry initiatives totalling Rs 23,300 crore.
• The Ministry of Petroleum and Natural Gas has approved the fourth expansion of the Pradhan Mantri Ujjwala Yojana (PMUY), addressing the increasing demand from economically disadvantaged households.
• The Prime Minister, Shri Narendra Modi addressed the Kautilya Economic Conclave in New Delhi.
• External Affairs Minister (EAM) S. Jaishankar will lead India's delegation to the Shanghai Cooperation Organisation’s (SCO) Council of Heads of Government (CHG) meeting in Islamabad, Pakistan on October 15-16, 2024.
• Indonesia is hosting an international meeting with the United Nations and opponents of Myanmar's military regime.
• India has been elected to the 15-member steering committee of the GlobE Network during a plenary session in Beijing.
• India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million Treasury Bill for another year at the Maldivian government’s request.

CURRENT AFFAIRS : STATE NEWS

• The Telangana government has set in motion ‘Telangana Darshini’, a scheme aimed at providing students with an immersive learning experience outside the classroom.
• Rajasthan Chief Minister Bhajan Lal Sharma met with prospective investors in Delhi to promote a special incentive package for investments in Rajasthan.
• Kerala Chief Minister Pinarayi Vijayan inaugurated India’s first supercapacitor manufacturing facility at Keltron Component Complex Limited (KCCL) in Kallyassery, Kannur, on October 1, 2024.
• Jaipur is experiencing a significant rise in Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism, largely attributed to prominent events such as the Jaipur Literature Festival (JLF) and the Jaipur Jewellery Show.
• Telangana is the first state in India to establish a chapter of NITI Aayog’s Women Entrepreneurship Platform (WEP).
• A significant fire broke out at the Tata Electronics Limited (TEL) facility in Hosur, Tamil Nadu.

CURRENT AFFAIRS: BUSINESS NEWS

• The Ministry of Statistics and Programme Implementation (MoSPI) will publish GDP growth data with a new base year of 2022-23 by February 2026.
• In 2024, gold prices surged by nearly 20% due to significant purchases by central banks, rising consumer demand, and increased interest in safe-haven assets amid geopolitical uncertainties.
• Adani Airport Holdings has raised ₹19.5 billion (approximately $232.72 million) via a significant domestic bond issue.
• India's industrial sector achieved a 21.5% annual output growth in FY23, primarily driven by basic metal producers, refineries, chemical, food, and automobile companies, according to the Annual Survey of Industries (ASI) 2022-23 released by the Ministry of Statistics and Programme Implementation.
• Bharti Airtel, India's second-largest telecom service provider, announced that it has prepaid ₹8,465 crore to the Department of Telecommunications, settling all outstanding dues related to the spectrum acquired in 2016.
• Retail inflation for industrial workers, measured by the Consumer Price Index for Industrial Workers (CPI-IW), increased slightly to 2.44% in August 2024, up from 2.15% in July 2024.
• India's net Goods and Services Tax (GST) collections for September 2024 rose by 3.9% to ₹1.5 trillion, marking the slowest pace of growth in the current financial year (FY25).
• The S. Commerce Department has announced plans to allocate $100 million to promote the use of artificial intelligence (AI) in developing new, sustainable semiconductor materials.
• Prime Minister Narendra Modi inaugurated the first compressed biogas facility in Ranchi, Jharkhand, developed by GAIL (India) Limited in partnership with CEID Consultants and LSTK/EPC Contractor.
• The Anil Ambani-led Reliance Group has announced its entry into Bhutan, planning to establish 1,270 megawatts of solar and hydroelectric projects in the Himalayan kingdom.
• The Maharashtra cabinet approved the use of 255 acres of salt pan land in Mumbai to develop housing for individuals affected by slum rehabilitation projects.
• CareEdge Ratings, a leading credit rating agency in India, has made history by becoming the first Indian credit rating agency to enter the Global Scale Ratings arena through its subsidiary, CareEdge Global IFSC Limited.
• The Government of India has announced a bond buyback worth Rs 25,000 crore through a bond auction scheduled.
• The Cabinet has approved a Rs 10,103 crore budget for the National Mission on Edible Oils.

CURRENT AFFAIRS: AWARDS AND HONOURS

• The International Indian Film Academy (IIFA) 2024 took place in Abu Dhabi, featuring prominent stars from the Hindi film industry, including Shah Rukh Khan, Rani Mukerji, Hema Malini, Rekha, Anil Kapoor, and more.
• Veteran Bollywood actor Mithun Chakraborty, aged 74, has been announced as the recipient of the prestigious Dadasaheb Phalke Award for his significant contributions to Indian cinema.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

• Justice Manmohan, 61 years old, took oath as the 32nd Chief Justice of the Delhi High Court.
• The Ministry of Home Affairs (MHA) appointed IPS officer Nalin Prabhat as Special Director General Police (SDGP) of the Jammu & Kashmir Police.
• IFFCO Tokio General Insurance Company Limited (IFFCO Tokio), a general insurer, has appointed a new Managing Director and Chief Executive Officer in Subrata Mondal.
• Nand Kishore has been appointed as the Chairman and Managing Director (CMD) of Infrastructure Leasing & Financial Services Limited (IL&FS), effective October 1, 2024.
• Air Chief Marshal (ACM) Amar Preet Singh took over as the Chief of Air Staff (CAS) on October 1, 2024, succeeding Air Chief Marshal V. R. Chaudhari.
• Surgeon Vice Admiral Arti Sarin has become the first woman officer to take over as the Director General of Armed Forces Medical Services (DGAFMS).
• The government appointed three new external members to the Monetary Policy Committee (MPC):
• Ram Singh, Director of the Delhi School of Economics
• Saugata Bhattacharya, Economist
• Nagesh Kumar, Director and Chief Executive of the Institute for Studies in Industrial Development
• Claudia Sheinbaum was sworn in as Mexico's 66th president and the first woman to hold the office.
• Air Marshal SP Dharkar has assumed charge as the Vice Chief of the Air Staff.
• The Goods and Services Tax (GST) Council has established a 10-member Group of Ministers (GoM), chaired by Minister of State for Finance Pankaj Chaudhary, to review and make recommendations on the taxation of luxury, sin, and demerit goods after the compensation cess expires in March 2026.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

• Vistara will merge with Air India on November 12, 2024 marking the end of Vistara's nearly decade-long journey.
• The Competition Commission of India (CCI) approved the acquisition of 100% shareholding of Bharat Serums and Vaccines Limited (BSV) by Mankind Pharma Ltd (Mankind).

CURRENT AFFAIRS : PERSON IN NEWS

• Indian Navy is launching the second edition of the Navika Sagar Parikrama expedition, aimed at circumnavigating the globe.
• National Aeronautics and Space Administration (NASA) astronaut Sunita Williams has assumed command of the International Space Station (ISS), marking her second stint as the station’s leader.

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

• China’s newest nuclear-powered submarine sank pierside in the spring of 2024.
• India’s maiden mission to Venus, which is scheduled for launch in March 2028, will embark on a 112-day journey to reach the planet.
• Navratna defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel's leading aerospace and defence company, have announced the establishment of a joint venture company (JVC), which has been incorporated in the name of BEL IAI AeroSystems Private Limited.
• At the 10th edition of its Google for India event, Google unveiled several significant AI initiatives, including the Gemini model, which enhances Google Search and Maps.
• India and the United States have signed an MoU aimed at expanding and diversifying critical minerals supply chains.

CURRENT AFFAIRS: MOUS AND AGREEMENT

• Tata Power has signed a Memorandum of Understanding (MoU) with the Rajasthan government to advance power distribution, transmission, and green energy projects, significantly boosting its renewable energy presence in the state.
• Rajasthan Chief Minister Bhajan Lal Sharma announced that investment agreements (MoUs) worth Rs 12.5 trillion have been signed during roadshows in Mumbai and Delhi, paving the way for the upcoming “Rising Rajasthan” global investment summit, scheduled for December 9-11 in Jaipur.
• Ashok Leyland, a leading commercial vehicle manufacturer and flagship of the Hinduja Group, has signed a Memorandum of Understanding (MoU) with FlixBus India, a global travel-tech leader focused on affordable and sustainable travel.
• State-owned Bharat Petroleum Corporation Limited (BPCL) has signed an initial Memorandum of Understanding (MoU) with the Mumbai Port Authority (MbPA) and the Mumbai Port Sustainability Foundation (MPSF) to establish a green fuel ecosystem at Mumbai Port.
• India, Nepal and Bangladesh have entered into a trilateral agreement that enables the export of 40 megawatts of electricity from Nepal to Bangladesh via India’s power grid.
• Google has announced a strategic partnership with Clean Max Enviro Energy Solutions (CleanMax) to establish a 4 MW hybrid renewable energy project in India.

CURRENT AFFAIRS : DEFENCE NEWS

• The 8th edition of the India-Kazakhstan Joint Military Exercise KAZIND-2024 began on September 30, 2024, at the Surya Foreign Training Node in Auli, Uttarakhand.
• The Indian Army hosted the "Army Sports Conclave" to highlight its contribution to India's sports and align efforts for the 2036 Olympics.
• India will host the 15th edition of its largest air show, Aero India, at Yelahanka Air Force Station in Bengaluru, Karnataka, from February 10 to February 14, 2025.
• The third 25T Bollard Pull (BP) Tug, Ashva (Yard 337), was launched by Commodore Ajay Yadav, Naval Officer-in-Charge (West Bengal), at M/s Titagarh Rail Systems Limited, Kolkata.
• The 17th edition of the India-Germany Military Cooperation Sub Group (MCSG) meeting took place on October 1-2, 2024, in Berlin, Germany.
• The Defence Research and Development Organisation (DRDO) successfully conducted three flight-tests of the 4th Generation, technically advanced miniaturised Very Short Range Air Defence System (VSHORADS) at the Pokhran Field Firing Ranges in Rajasthan on October 03 & 04, 2024.

CURRENT AFFAIRS: SPORTS NEWS

• Indian Railways emerged victorious with a 5-3 win over Indian Oil Corporation (IOC) in the final of the 95th MCC-Murugappa Gold All-India Hockey Tournament.
• India secured gold in both men's and women's team events in the 10m air pistol category at the ISSF Junior World Championship in Peru.
• Ishpreet Singh Chadha, hailing from Mumbai, recently achieved a remarkable milestone by reaching the quarterfinals of the professional snooker circuit, defeating the legendary Mark Selby, a four-time World Snooker champion.
• Carlos Alcaraz secured his first China Open title after a hard-fought victory over world No. 1 Jannik Sinner.
• India's shooters shone brightly at the ISSF Junior World Championship, winning five more gold medals on Day four, taking the country's tally to 10 gold, 1 silver, and 3 bronze medals.
• The Indian U-17 football team clinched the SAFF Men’s U-17 Championship 2024 by defeating Bangladesh in the final match.