29 October 2021 Current Affairs: To pass any state’s high-level exams, read up on current events. Jobads will present the most up-to-date free current affairs of today for candidates studying for the public sector job examinations. These examinations will assist exams for railway constables, SSC, LIC, FCI, Army, and the Air Force-based exams. However, if you want to check all current events at once, go through the current affairs monthly e-books for top today gk affairs updates from National, Sports, Schemes, Awards, Appointments, and many other top news updates. Finally, start reading current events for the 29th of October, 2021.
Appointments / Resign
RBI Governor for Three More Years: Daily GK Current Affairs
The government has confirmed Shaktikanta Das‘ reappointment as Governor of the Reserve Bank of India for a three-year term. The cabinet nominations committee, which includes Prime Minister Narendra Modi and Home Minister Amit Shah, made the decision on October 28th evening. The re-appointment will take effect on December 10th, or until additional instructions are issued. Mr. Das was appointed Governor of the Reserve Bank of India in December 2018 for a three-year term. He was previously the Finance Ministry’s Economic Affairs Secretary. He is the first RBI Governor to receive an extension under the current BJP administration; previous governors either resigned or returned to academia. He’s worked in banking, taxation, industry, and infrastructure, among other fields.
Banking & Finance
Rs 44,000 Crore to States, UTs: Latest Current Affairs Today
On the 28th of October, the Finance Ministry issued 44 thousand crore rupees in lieu of GST compensation to states and union territories with legislatures under the back-to-back credit facility. The total sum issued in the current financial year is one lakh 59 thousand crore rupees, after taking into account an earlier release of one lakh 15 thousand crore rupees. According to the Ministry, this payment is in addition to the regular GST compensation that is paid out every two months from actual cess collection. Following the 43rd GST Council Meeting on May 28th, it was decided that the Central Government would borrow one lakh 59 thousand crore rupees and release it to States and Union Territories (UTs) to bridge the resource gap caused by the short release of Compensation due to insufficient funds in the Compensation Fund.
Collateral-free Micro Loans: Today Current Affairs in English
The Reserve Bank Of India (RBI) has stated that it intends to make microlending collateral-free for all lenders, not only microfinance institutions (MFIs). RBI deputy governor Rajeshwar Rao, speaking at the Sa-Dhan National Conference on ‘Revitalizing Financial Inclusion‘ on 27th October, said that present policies have created a non-level playing field. He claims that the present regulatory structure, which was put in place to make loans available to low-income people while also protecting borrowers from lenders’ harsh collection techniques, only applies to NBFC-MFIs. Other lenders, who account for around 70% of the microfinance portfolio, are exempt from the same regulatory restrictions. Because microlending serves a social purpose, Rao advised lenders to be cautious and avoid duplicating big banks. In microfinance, he suggested, putting profit ahead of social and welfare aims may not be the wisest decision.
National Formulary of India: Today Latest Current Affairs
Dr. Mansukh Mandaviya, India’s Health Minister, introduced the 6th edition of the National Formulary of India (NFI) on October 28th to encourage the judicious use of pharmaceuticals in the country. The National Formulary of India, or NFI, was issued by the Indian Pharmacopoeia Commission. Dr. Mandaviya spoke at the ceremony and praised the work of all the professionals, physicians, and researchers who contributed to the new edition’s compilation. NFI 2021, he added, will serve as a guide for all healthcare workers, including physicians, pharmacists, nurses, and dentists. It will play a critical part in clinical practice on a daily basis. Medicines respond differently in various bodies, according to Dr. Mandaviya, and it is critical to understand the composition, impact, and side effects of medications.
Gati Shakti Express: 29 October 2021 Current Affairs
Gati Shakti Express, India’s first full Economy AC-3 tier train, started its service on 29th October on Indian Railways. The base fare of an Economy AC-3 tier coach is 8% cheaper than that of a regular AC-3 coach. Between Delhi and Patna, the train will run. It will make stops in both directions at Kanpur Central, Prayagraj Junction, Varanasi, Deen Dayal Upadhyaya Junction, and Danapur. The Anand Vihar – Patna Economy AC train will leave Delhi at 23:10 hours and arrive at Patna Junction at 15:45 hours the next day. The Patna – Anand Vihar Economy AC train will leave Patna at 17:45 hours and arrive in Delhi at 09:50 hours the next day.
IMS Certified Train: Latest in Current Affairs
The Chennai-Mysore-Chennai Shatabdi Express is Southern Railway’s first Integrated Management Systems-certified (IMS) train. The award was presented for maintaining and bettering the usage of environmentally friendly resources, as well as providing travel convenience. This is also Indian Railways’ first Shatabdi and the country’s second express train to receive this accreditation. In the pre-COVID era, the pair of Shatabdi services between Chennai and Mysore-Chennai was known as Train No.12007/12008 and is now known as Special service with Train No.06081/06082. The certification organization issued this accreditation following a full audit and duly confirming conformity by Railways to all the out rules, according to the Railways Ministry.
Summits & Conference
All India Conference of Directors: Current Affairs 2021
On October 28th, Ajay Kumar Mishra, Minister of State for Home Affairs, inaugurated the 22nd All India Conference of Directors of Fingerprint Bureaux through online mode. This conference began in New Delhi in 1980 and is now held in several venues around the country. It is entirely sponsored by the Indian government. Mr. Mishra also gave a presentation titled Fingerprint in India – 2020. The study is the 24th in a series on the application of fingerprint analysis in criminal investigations. He praised the National Crime Records Bureau for inventing and implementing a variety of IT tools to assist investigators. The Minister also emphasized the importance of scientific research. Ajay Mishra went on to say that instead of utilizing oral evidence, investigators should aim to get fingerprints since they are more reliable.