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Daily GK Current Affairs viable of 14th October 2021

Daily GK Current Affairs News viable of 14th October 2021. – Here is the Regular current affairs viable of 14th October 2021covering the following news headlines: Atal Community Innovation Center, Renewable Energy Country Attractiveness Index, International Monetary Fund, Asian Development Bank, Kotak Mahindra Bank Ltd.


Daily Current Affairs update are incorporated with the important news that made the current affairs headlines for competitive exams. Daily Current Affairs Update is the complete box of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc.

So, here is the GK update of 14th October 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Here current affairs have been categorized which is as follows

  • National News
  • Banking News
  • Business News
  • Sports News
  • Important Days
  • Obituaries News
  • Miscellaneous News

National News

  1. PM Modi inaugurates Rs 100 lakh crore PM Gati Shakti-National Master Plan
  • With the vision of holistic and integrated infrastructure development in the country, Prime Minister Narendra Modi inaugurated PM Gati Shakti-National Master Plan, from Pragati Maidan in New Delhi.
  • The Rs 100 lakh crore PM Gati Shakti-National Master Plan aims to provide multi-modal connectivity to economic zones in the country.
  • A centralised portal will be set up to bring together the infrastructure schemes (which are to be completed by 2024-25) of as many as 16 Ministries & State Governments on a common platform, for integrated planning and coordinated implementation, instead of planning & designing separately by each ministry and department.
  • Through the PM Gati Shakti campaign, the government aims to lend more speed (Gati) and power (Shakti) to infrastructure connectivity projects by connecting all concerned departments on one platform.

Banking News

  1. IndusInd Bank gets authorised by RBI to collect Direct and Indirect Taxes
  • IndusInd Bank has announced, that it has been authorised by the Reserve Bank of India (RBI) for the collection of Direct and Indirect Taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).
  • With this, its customers will be able to pay their Direct and Indirect taxes through ‘Indusnet’ and ‘Indusmobile’ platforms.
  • The authorization has been awarded basis a recommendation from the Controller General of Accounts as well as the Ministry of Finance (Govt. of India), and comes close on the heels of the Bank being appointed as an ‘Agency Bank’ of the RBI to conduct government business.

Important takeaways for all competitive exams:

  • The IndusInd Bank CEO: Sumant Kathpalia;
  • The IndusInd Bank Headquarters: Pune;
  • The IndusInd Bank Owner: Hinduja Group;
  • The IndusInd Bank Founder: S. P. Hinduja;
  • The IndusInd Bank Founded: April 1994, Mumbai.
  1. Kotak Mahindra Bank launches Micro ATMs across India
  • Private lender Kotak Mahindra Bank Limited has announced the launch of micro ATMs across the country.
  • Customers of all banks having debit cards can use Kotak Micro ATM for major banking services like cash withdrawal and account balance check.
  • A smaller version of ATM, micro ATMs are small handheld devices. The bank will use its extensive Business Correspondent (BC) network to launch micro ATMs.

Important takeaways for all competitive exams:

  • Kotak Mahindra Bank Establishment: 2003;
  • Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra;
  • Kotak Mahindra Bank MD & CEO: Uday Kotak.

Business News

  1. Centre accords “Maharatna” status to state-owned PFC Ltd
  • The Government of India has accorded ‘Maharatna’ status to the state-owned Power Finance Corporation Limited (PFC). The new status will give greater operational and financial autonomy to PFC.
  • PFC was incorporated in 1986 as an Indian financial institution owned by the Ministry of Power. It is India’s largest infrastructure finance company exclusively dedicated to the power sector.

Important takeaways for all competitive exams:

  • Power Finance Corporation Ltd Headquarters: New Delhi;
  • Power Finance Corporation Ltd Founded: 16 July 1986;
  • Power Finance Corporation Ltd Chairman & MD: Ravinder Singh Dhillon.
  1. ADB Raises 2019–2030 Climate Financing Goal to $100 Billion
  • The Asian Development Bank (ADB) has announced to increase its climate funding targets for developing member countries (DMCs) from $20 billion to $100 billion in 2019-2030.
  • Earlier in 2018, ADB announced a target of $80 billion for climate financing for developing countries in Asia during 2019-2030. An additional $20 billion in funding support will be used for climate mitigation efforts, including low-carbon energy sources, climate adaptation projects and private sector projects.

Important takeaways for all competitive exams:

  • President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.

Sports News

  1. Ireland’s Amy Hunter becomes youngest batter to hit ODI hundred
  • Ireland’s Amy Hunter scored an unbeaten 121 against Zimbabwe on her 16th birthday, making her the youngest batsman to score an ODI century in either men’s or women’s cricket.
  • The Belfast batsman – who was only playing in her fourth ODI – broke the record held by India’s Mithali Raj, who scored a century against Ireland in 1999, when she was 16 years 205 days old.

Important Days

  1. International E-Waste Day: 14 October
  • International E-Waste Day (IEWD) is observed every year on 14 October since 2018, to promote the correct disposal of E-Waste around the world, with the aim of increasing reuse, recovery and recycling rates. 2021 is the fourth edition of International E-Waste Day.
  • This year’s International E-Waste Day will focus on the important part of each of us in making circularity for e-products a reality.
  • The theme for 2021 IEWD is “Consumer is the key to Circular Economy!”. The day was developed in 2018 by the WEEE Forum, an international association of e-waste collection schemes, with the support of its members.
  1. World Standards Day observed on 14th October
  • World Standards Day or International Standards Day is observed globally on 14 October every year.
  • The day aims to raise awareness about the importance of standardisation to the global economy among consumers, regulators and industry.
  • World Standards Day 2021 theme is “Standards for sustainable development goals – shared vision for a better world”.
  • The date was chosen to mark the first gathering of delegates in 1956 from 25 countries in London who decided to create an international organisation for facilitating standardisation.

Important takeaways for all competitive exams:

  • International Organization for Standardization Headquarters: Geneva, Switzerland
  • International Organization for StandardizationFounded: 23 February 1947, London, United Kingdom.
  • International Organization for Standardization President: Ulrika Francke.

Obituaries News

  1. IFFCO chairman Sardar Balvinder Singh Nakai passes away
  • Fertilizer major IFFCO Chairman Balwinder Singh Nakai has passed away.
  • He was an eminent farmer-cooperative and was involved in strengthening the Indian cooperative movement for the last three decades. He made a pioneering contribution towards empowering the farmers.

Miscellaneous News

  1.  India’s first Atal Community Innovation Center launched in Jaipur
  • India’s first Atal Community Innovation Center (ACIC) was inaugurated at Vivekananda Global University, Jaipur (VGU). It will be the first center in the country to be set up by the Government of India, Atal Innovation Mission (AIM) and NITI Aayog.
  • ACIC aims to support and nurture innovative ideas that can take the shape of big ideas and help transform society for a better tomorrow.
  • This center, started under the joint aegis of Atal Innovation Mission, NITI Aayog and VGU, will benefit the hardworking, passionate and courageous businessmen of Rajasthan who want to take their business towards heights.

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