Dear Readers, Here we have given the list of Important Weekly Current Affairs of Oct 08th to 14th Oct 2024. Candidates those who are preparing for Upcoming SBIClerk 2024 and other competitive exams can make use of it.

Weekly Current Affairs Oct 08th to 14th PDF Download

CURRENT AFFAIRS: IMPORTANT DAYS

• The Indian Air Force Day is celebrated on the 8th of October of every year in India.
• World Post Day is celebrated on 9th October of every year.
• Indian Foreign Service (IFS) Day is observed annually on October 9, commemorating the establishment of the Indian Foreign Service in 1946
• World Mental Health Day 2024 falls on the 10th of October.
• World Sight Day is an International Day of Awareness, held annually on the second Thursday of October. This year, World Sight Day is observed on the 10th of October 2024
• National Postal Day is observed in India on October 10each year. For 2024, the theme for National Postal Day is "Connecting India: The Role of Postal Services in Nation Building".
• World Post Day is celebrated on October 9 to highlight the postal sector's role in daily life and global development with the theme of “150 years of enabling communication and empowering peoples across nations.”
• October 10 marks World Day Against the Death Penalty with the theme of "The Death Penalty Protects No One"
• On 11 October 2024, the International Day of the Girl Child is celebrated with the theme for 2024: "Girls’ Vision for the Future"
• World Arthritis Day 2024 falls on October 12.
• The International Day for Disaster Risk Reduction 2024 is observed on the 13th of October
• World Standards Day is observed annually on the 14th of October 2024.

CURRENT AFFAIRS: NATIONAL NEWS

• October 7, 2024 marks 23 years of Narendra Modi's public service, starting from his tenure as the Chief Minister of Gujarat on October 7, 2001, to his current role as Prime Minister of India.
• The Indian government has earmarked ₹1,000 crore for a Venture Fund dedicated to space startups, as announced by Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, during a media briefing.
• The Union Health Ministry announced a significant boost to its anti-tuberculosis (TB) efforts by doubling the monthly nutrition support for TB patients from ₹500 to ₹1,000 under the Ni-kshay Poshan Yojana (NPY).
• Union Minister Giriraj Singh announced the government’s ambitious target of achieving a cotton yield of 1,000 kilograms per hectare across 11 top cotton-producing states in India
• The World Health Organisation (WHO) has declared that India has eliminated Trachoma as a public health problem
• Prime Minister Narendra Modi is set to visit Lao PDR to participate in the 21st ASEAN-India and 19th East Asia Summit.
• Dr Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports, presided over the 194th meeting of the ESI Corporation, accompanied by Sushri Shobha Karandlaje, Union Minister of State for Labour & Employment and Micro, Small & Medium Enterprises
• The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the construction of 2,280 km of roads. The project focuses on the border areas of Rajasthan and Punjab.
• The Cabinet Committee on Security has approved the acquisition of 31 MQ-9B drones from American firm General Atomics. The approval was essential before October 31 to ensure the validity of the American proposal.
• The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the development of the National Maritime Heritage Complex (NMHC) at Lothal, Gujarat. The project will be completed in two phases and aims to showcase India's 4,500-year-old maritime heritage.
• The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the universal supply of Fortified Rice under various government schemes, including the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). The initiative will continue from July 2024 to December 2028.
• Prime Minister Narendra Modi laid the foundation stone for development projects worth over ₹7,600 crore in Maharashtra via video conference.
• The Cabinet Committee on Security (CCS), headed by Prime Minister Narendra Modi, has approved Phase III of the Space-Based Surveillance (SBS) mission for enhanced land and maritime domain awareness
• The central government has announced the release of over ₹1.78 lakh crore in tax devolution to state governments

CURRENT AFFAIRS: INTERNATIONAL NEWS

• President Joseph R. Biden, Jr. hosted Prime Minister Anthony Albanese of Australia, Prime Minister Kishida Fumio of Japan, and Prime Minister Narendra Modi of India in Wilmington, Delaware, for the 6th Quad or Quadrilateral Security Dialogue Leaders’ Summit.
• Myanmar will send a representative to the Association of Southeast Asian Nations (ASEAN) summit for the first time in three years.
• The 12th Meeting of the India-United Arab Emirates (UAE) High-Level Joint Task Force on Investments (HLJTFI) took place in Mumbai, Maharashtra.

CURRENT AFFAIRS: STATE NEWS

• Assam Chief Minister (CM) Himanta Biswa Sarma announced the government's target to eradicate child marriage in Assam by 2026.
• Madhya Pradesh (MP) and Uttar Pradesh (UP) governments have partnered to develop 8 gigawatts (GW) of solar power plants.
• Bihar Chief Minister Nitish Kumar unveiled the logo and mascot for the Women's Asian Champions Trophy-2024, which will be held in Rajgir from November 11-20.
• Nagaland government has signed Wales as one of the Country Partners for the upcoming 25th Edition of the Hornbill Festival.

• The Bihar government will establish the Kaimur Wildlife Sanctuary (KWLS) as the state’s second tiger reserve.

• Ratapani Wildlife Sanctuary, located near Bhopal, Madhya Pradesh (MP), will soon be declared the state's 8th tiger reserve.
• The Maharashtra Cabinet, led by Chief Minister Eknath Shinde, passed a resolution urging the Central Government to confer the Bharat Ratna, India’s highest civilian award, to Ratan Tata.

CURRENT AFFAIRS: BUSINESS NEWS

• India's foreign exchange reserves (forex) have surpassed the $700 billion mark for the first time, marking a significant achievement as the country becomes the fourth economy globally to reach this milestone, joining China, Japan, and Switzerland.
• The Union government has officially initiated a comprehensive review of the Income-tax Act, 1961, to revamp the existing income-tax regime.
• The Department for Promotion of Industry and Internal Trade (DPIIT) has put on hold its plan to conduct a comprehensive review of the Foreign Direct Investment (FDI) policy, particularly for sectors like defence, insurance, banking, and plantations.
• September 2025: India will officially join the FTSE Russell Emerging Markets Bond Index (EMGBI) with a 35% weightage, becoming the second-largest player, following China.
• Indian Oil organised the Indane XTRATEJ HORECA Harmony Meet at JW Marriott, Kolkata, bringing together key players from the city's hospitality industry including hoteliers, restaurateurs, and caterers
• The World Trade Organization (WTO) has updated its projections for global merchandise trade growth, presenting both upward and downward adjustments for the coming years

CURRENT AFFAIRS: BANKING AND ECONOMY

• State-owned Life Insurance Corporation’s (LIC) stake in Bank of Maharashtra (BoM) increased from 4.05% to 7.10%.
• The Asian Development Bank (ADB) has approved a loan of $162 million to support tourism development in Himachal Pradesh (HP).
• According to the latest report of the Reserve Bank of India (RBI), it has estimated that the dominance of fossil fuels in power generation will end by the end of the decade.
• Maldivian President Mohamed Muizzu thanked India for its financial assistance amid the country’s debt crisis, which is estimated at 110% of its Gross Domestic Product (GDP).
• The government anticipates public sector banks to pay higher dividends in FY25, projecting a figure over ₹20,000 crore, up from ₹18,000 crore received in FY24.
• The interest rate for the Government of India Floating Rate Bond 2028 (GOI FRB 2028) is set at 7.30% per annum for the period from October 4, 2024, to April 3, 2025.
• The Reserve Bank of India (RBI) has asked state-run and private banks to refrain from making aggressive bets against the Indian rupee.
• The Indian government and financial regulators, including Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI), are cautious about expanding rupee-rouble trade due to existing sanctions on Russia.
• State Bank of India (SBI) has declared the loan accounts of Mahanagar Telephone Nigam Limited (MTNL) as sub-standard non-performing assets due to non-payment of instalments and interest since June 30, 2024.
• Reliance Nippon Life Insurance Company Limited has introduced a new deferred annuity plan named Reliance Nippon Life Nishchit Pension.
• Ujjivan Small Finance Bank, announced that it has received approval from The Reserve Bank of India (RBI) and secured an AD 1 Licence from RBI to offer full-fledged bouquet of forex products and services.
• The Reserve Bank of India (RBI) granted a white-label ATM (WLA) license to Electronic Payment and Services (EPS), a Mumbai-based ATM outsourcing company.
• Paytm Money, a wholly-owned subsidiary of One97 Communications (OCL), launched BSE Futures & Options (BSE F&O) trading service on its platform, as part of the Noida-based company’s efforts to expand its wealth management and financial services segment.
• The State Bank of India (SBI) led a committee to encourage co-lending partnerships between commercial banks and non-banking financial companies (NBFCs).
• The Securities and Exchange Board of India (SEBI) has proposed a revised framework for sharing data aimed at promoting more democratisation, privacy, and accountability.
• India’s largest private sector lender HDFC Bank has originated the largest securitisation pool of Rs 9,063 crore, rated AAA by domestic rating agency India Ratings.
• Kotak Mahindra Bank has secured branding rights for the BKC metro station on the Mumbai Metro 3 route.

• During the Monetary Policy Committee (MPC) meeting on October 9, 2024, the Reserve Bank of India (RBI) forecasted that India's real Gross Domestic Product (GDP) growth for FY25 will reach 7.2%.
• The Reserve Bank of India (RBI) enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products.
• The Reserve Bank of India (RBI) is developing norms for new capital-raising instruments for Urban Cooperative Banks (UCBs), such as the issuance of shares at a premium.
• ICICI Bank and PhonePe have partnered to provide a credit line on UPI specifically for customers of PhonePe, a major fintech firm based in Bengaluru.
• SLCM has partnered with Punjab National Bank (PNB) and Bandhan Bank to provide ‘Unified Collateral Management Solutions’.
• The Union Ministry of Finance has kept the interest rate for the General Provident Fund (GPF) unchanged for the 17th quarter in the row at 7.1% effective from October 1, 2024, to December 31, 2024..

• The Unified Payment Interface (UPI) transaction volumes increased by 52% in the first six months of 2024 (H1CY24) compared to the same period in 2023 (H1CY23).
• The Reserve Bank of India (RBI) asked the asset reconstruction companies (ARCs) to become members of all the credit information companies (CICs) and submit the required data to them as per the Uniform Credit Reporting Format.
• Funds raised by non-banking financial companies (NBFCs), including state-owned finance companies and refinance institutions, from the domestic debt capital market exceeded Rs 3.2 trillion in the April to September period of the financial year 2025 (H1FY25).
• The Reserve Bank of India (RBI) accepted bids worth ₹24,453.3 crore for government securities at the buyback auction.
• The Securities and Exchange Board of India (SEBI) extended the deadline to implement direct payout of securities to Demat accounts from October 14 to November 11, 2024 to ensure a hassle-free implementation.
• Mastercard and Citigroup have teamed up to enable 24/7 cross-border payments using debit cards, expanding payment options for consumers and businesses globally.

CURRENT AFFAIRS: AWARDS AND HONOURS

• Ashokan Charuvil has been awarded the 48th Vayalar Ramavarma Memorial Literary Award for his novel Kattoorkadavu.
• The 2024 Nobel Prize in Medicine was awarded to Victor Ambros and Gary Ruvkun for their discovery of microRNA (miRNA) and its role in post-transcriptional gene regulation.
• Union Finance Minister Nirmala Sitharaman is set to be the Chief Guest at the Financial Express (FE) Best Banks Awards, celebrating outstanding performances by banks, non-banking finance companies (NBFCs), small finance banks, and fintechs in India.
• The 2024 Nobel Prize in Physics recognizes the groundbreaking work of John J. Hopfield and Geoffrey E. Hinton in the field of machine learning.
• The 2024 Nobel Prize in Chemistry will be shared between David Baker (University of Washington, Seattle, USA), awarded for his work on computational protein design, Demis Hassabis and John M. Jumper (Google DeepMind, London, UK), awarded for their breakthrough in protein structure prediction.
• The 2024 Nobel Prize in Literature was awarded to Han Kang, a celebrated South Korean author, recognized for her intense poetic prose that delves into historical traumas and the fragility of human life
• The Norwegian Nobel Committee has awarded the 2024 Nobel Peace Prize to Nihon Hidankyo, a Japanese organization representing the survivors of the atomic bombings of Hiroshima and Nagasaki.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

• Sanjeev Sanyal, an economist and member of the Economic Advisory Council to the Prime Minister (EAC-PM), has been appointed as the new chancellor of Pune's Gokhale Institute of Politics and Economics (GIPE).
• Aviral Jain has been appointed as Executive Director (ED) of the Reserve Bank of India (RBI) effective from October 01, 2024.
• Ajit Vinayak Gupte has been appointed as the next Ambassador of India to the Federal Republic of Germany.
• Sanjeev Kumar Singla has been appointed as the next Ambassador of India to France.

• Zarin Daruwala, Chief Executive Officer (CEO) of Standard Chartered India and Southeast Asia, will retire on April 1, 2025, after serving more than 8 years in the role.
• Union Health Minister JP Nadda was elected as the Chairperson of the 77th session of the World Health Organization (WHO)’s Regional Committee for Southeast Asia.

• Manoj Kumar Dubey has been appointed as the Chairman & Managing Director (CMD) and Chief Executive Officer (CEO) of the Indian Railway Finance Corporation (IRFC).
• Noel Tata, the half-brother of Ratan Tata, has been appointed Chairman of Tata Trusts, following a board meeting held in Mumbai.
• The Reserve Bank of India (RBI) approved Partha Pratim Sengupta as the new Managing Director and Chief Executive Officer (MD & CEO) of Bandhan Bank for a three-year term starting from November 10, 2024.

CURRENT AFFAIRS: MOUS AND AGREEMENT

• Amazon and the Department of Posts (DoP) have been collaborating since 2013, utilizing DoP’s extensive postal network for parcel delivery.
• The National Council of Educational Research and Training (NCERT) has joined with Amazon to enhance textbook accessibility across India, particularly targeting remote areas
• India has committed over ₹6,300 crore to support the Maldives amid a foreign exchange crisis, marking a significant step in bilateral relations as Maldivian President Mohamed Muizzu engages in discussions with Prime Minister Narendra Modi for a reset of ties.
• Tata Technologies and BMW Group have launched a joint venture named BMW TechWorks India
• The Bihar government signed a Memorandum of Understanding (MoU) with the National Association of Software and Service Companies (NASSCOM) to promote the state's IT policy and investment potential

• Hindustan Zinc Limited and IIT Madras have signed a Memorandum of Understanding (MoU) to jointly develop a 1 kWh electrically rechargeable zinc-air battery prototype.

CURRENT AFFAIRS: RANKING AND REPORTS

• The combined wealth of India's richest individuals surpassed the trillion-dollar mark, reaching $1.1 trillion. This marks a doubling in wealth since 2019, with an addition of $316 billion in the past year alone

CURRENT AFFAIRS: ACQUISITION AND MERGERS

• Amazon has acquired the free streaming OTT platform MX Player and merged it with its content streaming service miniTV to launch 'Amazon MX Player'.

CURRENT AFFAIRS: DEFENCE NEWS

• Maritime Exercise Malabar 2024 is scheduled to take place from 08 to 18 October 2024, beginning with the Harbour Phase in Visakhapatnam, followed by the Sea Phase.
• The Indian Army rolled out its first overhauled T-90 ‘Bhishma’ tank, a step towards ensuring the operational readiness of its armoured formations.

• Union Defence Minister Shri Rajnath Singh launched the second edition of Acing Development of Innovative Technologies with iDEX (ADITI 2.0) challenges and the 12th edition of Defence India Start-up Challenges (DISC 12) during DefConnect 4.0 at Manekshaw Centre, Delhi Cantt. on October 07, 2024.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

• The Indian Space Research Organisation (ISRO) announced that the upper stage of Polar Satellite Launch Vehicle C-37 (PSLV C-37 mission), which launched a record number of 104 satellites more than seven years ago, has re-entered the earth's atmosphere as predicted.

• Bharti Airtel and Nokia have announced a Green 5G initiative aimed at introducing energy-efficient solutions to Airtel's mobile network.
• Facebook owner Meta opened a new tab and announced that it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs.

CURRENT AFFAIRS: SPORTS NEWS

• Mumbai finally lifted the Irani Cup after 27 years by defeating the Rest of India (RoI) on a first-innings lead under the captaincy of Ajinkya Rahane.
• Dipa Karmakar, renowned for her groundbreaking performances in gymnastics, has announced her retirement from the sport
• Veteran Indian batter Ajinkya Rahane emphasized the crucial role of granting players 'freedom' and 'confidence' following Mumbai's remarkable victory in the Irani Cup
• Sanath Jayasuriya has been appointed as the head coach of the Sri Lanka national cricket team, as announced by Sri Lanka Cricket (SLC)
• Gyaneshwari Yadav won the elite women’s 49kg title at the National Weightlifting Championships by lifting a total of 186kg
• FIFA has suspended Marco Curto, an Italian soccer player, for 10 games due to a discriminatory remark made against South Korean forward Hee Chan Hwang during a preseason match between Como and Wolverhampton
• Former Bangladesh captain Mahmudullah Riyad announced that his remaining two T20 matches in India will mark his final appearances
• From 2025, Wimbledon will remove line judges from all courts for the first time in its 147-year history, opting for Live Electronic Line Calling (ELC) on all courts, including the qualifying tournament at Roehampton.
• IPS Officer Anita Roy, Senior Superintendent of Police (SSP) in Puducherry, has become the first IPS officer to win a gold medal at the Commonwealth International Classic Bench Press Competition
• Rafael Nadal, the tennis legend, has confirmed his retirement after a 23-year career, with plans to conclude his professional journey following the upcoming Davis Cup final.

CURRENT AFFAIRS: OBITUARIES

• Veteran actor Mohan Raj, popularly known by his stage name Keerikkadan Jose, passed away at the age of 70.

• Ratan Tata, chairman emeritus of one of India's biggest conglomerates, Tata Sons, has passed away at the age of 86.