Economy News
October GST Collections Surge by 8.9% Year-on-Year to Reach ₹1.87 Lakh Crore
1. How much did the GST collections reach in October? answer: ₹1.87 lakh crore
2. What was the year-on-year increase in GST collections for October? answer: 8.9%
Business News
UPI Transactions Reach Record High in October with ₹23.5 Trillion in Value
3. What was the total value of UPI transactions in October 2024? answer: ₹23.5 trillion
4. What were the main drivers for the increase in UPI transactions? answer: Festive season and growing acceptance among merchants and consumers
Appointments News
Rajesh Kumar Singh Takes Charge as New Defence Secretary in South Block
5. Which batch of IAS officer is Rajesh Kumar Singh from? answer: 1989 batch
6. Whom did Rajesh Kumar Singh succeed as Defence Secretary? answer: Giridhar Aramane
Dr. Jacqueline d’Arros Hughes Appointed as Secretary General of the World Agriculture Forum
7. Which organization was Dr. Jacqueline d’Arros Hughes the Director General of? answer: International Crops Research Institute for the Semi-Arid Tropics (ICRISAT)
8. Which role did Dr. Hughes take up in November 2024? answer: Secretary General of the World Agriculture Forum (WAF)
Praveena Rai Appointed as CEO and MD of MCX
9. Which organization did Praveena Rai take the position of CEO and MD? answer: Multi Commodity Exchange of India (MCX)
10. What is the duration of Praveena Rai’s term as CEO and MD of MCX? answer: Five years
Defence News
Indian Army Departs for 15th Edition of Joint Special Forces Exercise VAJRA PRAHAR with US Army
11. When will the 15th edition of VAJRA PRAHAR be conducted? answer: November 2 to November 22, 2024
12. Where was the previous edition of VAJRA PRAHAR held? answer: Umroi, Meghalaya
Indian Army Departs for 9th Edition of India-Indonesia Joint Special Forces Exercise GARUD SHAKTI 24
13. Which regiment of the Indian Army is participating in GARUD SHAKTI 24? answer: The Parachute Regiment (Special Forces)
14. What are the dates for the GARUD SHAKTI 24 exercise? answer: November 1 to November 12, 2024
Obituaries News
Fashion Icon Rohit Bal Passes Away at 63, Remembering a Legend’s Creative Legacy
15. When did Rohit Bal pass away? answer: November 1, 2024
16. In which field was Rohit Bal renowned? answer: Fashion design and textiles
Daily Current Affairs 02nd November 2024
Economy News
October GST Collections Surge by 8.9% Year-on-Year to Reach ₹1.87 Lakh Crore
In October, the gross Goods and Services Tax (GST) collections reached ₹1.87 lakh crore, marking an 8.9% year-on-year increase. This strong collection, based on September sales, is the second-highest monthly GST collection since the inception of the indirect tax regime in July 2017. The rise is primarily attributed to robust domestic transactions, while revenue from imports saw slower growth, as detailed by the Ministry of Finance in their data release.
Business News
UPI Transactions Reach Record High in October with ₹23.5 Trillion in Value
October 2024 saw a record-breaking surge in digital transactions in India, driven by the Unified Payments Interface (UPI), Immediate Payment Service (IMPS), FASTag, and the Aadhaar Enabled Payment System (AePS). This increased adoption highlights India’s ongoing shift towards digital payment solutions, propelled by the festive season and growing acceptance among merchants and consumers alike. For more details, visit NPCI.
Appointments News
Rajesh Kumar Singh Takes Charge as New Defence Secretary in South Block
Rajesh Kumar Singh, a distinguished 1989-batch Indian Administrative Service (IAS) officer of the Kerala cadre, officially took charge as the Defence Secretary at South Block, New Delhi. He succeeds Giridhar Aramane, the 1988-batch IAS officer from the Andhra Pradesh cadre, who retired on October 31, 2024, after serving a notable two-year term in this crucial role. For more information, check the Ministry of Defence website.
Dr. Jacqueline d’Arros Hughes Appointed as Secretary General of the World Agriculture Forum
In a significant leadership development for global agricultural advocacy, Dr. Jacqueline d’Arros Hughes, the outgoing Director General of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), is set to take up the role of Secretary General of the World Agriculture Forum (WAF) in mid-November 2024. Known for her dedication to sustainable agriculture and food security, Dr. Hughes brings a wealth of expertise and experience to WAF, a platform instrumental in shaping the future of agriculture worldwide. For more insights, visit ICRISAT.
Praveena Rai Appointed as CEO and MD of MCX
Praveena Rai has officially taken office as Chief Executive Officer (CEO) and Managing Director (MD) of the Multi Commodity Exchange of India (MCX) on October 31, 2024, embarking on a five-year term. The appointment, announced in a statement by MCX, marks the beginning of a new chapter for the organization as Rai brings her extensive experience in banking, payments, and transaction management to lead India’s largest commodity derivatives exchange. For further details, see MCX India.
Defence News
Indian Army Departs for 15th Edition of Joint Special Forces Exercise VAJRA PRAHAR with US Army
An Indian Army contingent has embarked on a journey to participate in the 15th edition of the India-US joint Special Forces Exercise, VAJRA PRAHAR, set to be conducted from November 2 to November 22, 2024. This prestigious exercise will take place at the Orchard Combat Training Centre in Idaho, USA, marking a significant step toward bolstering military cooperation and tactical interoperability between the two nations. The previous edition was held at Umroi, Meghalaya in December 2023, showcasing the commitment to ongoing collaboration and shared military expertise. For more information, visit the Indian Army website.
Indian Army Departs for 9th Edition of India-Indonesia Joint Special Forces Exercise GARUD SHAKTI 24
The Indian Army contingent, consisting of 25 skilled personnel from The Parachute Regiment (Special Forces), has embarked on a journey to Cijantung, Jakarta, Indonesia, to participate in the 9th edition of the India-Indonesia Joint Special Forces Exercise, GARUD SHAKTI 24. Scheduled to take place from November 1 to November 12, 2024, this exercise is a testament to the strong military cooperation and shared strategic interests between India and Indonesia. For further details, visit the Indian Army website.
Obituaries News
Fashion Icon Rohit Bal Passes Away at 63, Remembering a Legend’s Creative Legacy
The fashion world mourns the loss of Rohit Bal, an iconic Indian designer renowned for his mastery of textiles, design, and intricate craftsmanship, who passed away on November 1, 2024, at the age of 63. Affectionately called “Gudda” by close friends, Bal’s work celebrated the rich heritage of Indian culture and left an indelible mark on global fashion. His passing follows a long battle with health issues related to a heart ailment that first surfaced last year, leaving behind a legacy that continues to inspire designers and artists across the world. For more about his life and achievements, visit Vogue.
