National News
1. What is the main objective of the India-UAE Bilateral Investment Treaty (BIT) signed recently? Answer: Enhancing investor confidence and fostering stronger economic ties.
2. What is the new arbitration period for foreign investors under the India-UAE BIT? Answer: Three years.
3. When did the India-UAE BIT come into effect? Answer: August 31, 2024.
4. What additional protections are included in the new India-UAE BIT compared to the previous agreement? Answer: Protections to shares and bonds.
5. Which parties won the mandate in the recent Assembly elections in Haryana and Jammu and Kashmir? Answer: INC-NC alliance in Jammu and Kashmir, BJP in Haryana.
International News
6. Which hurricane is currently threatening the Florida coast? Answer: Hurricane Milton.
7. What action has former FEMA director Craig Fugate emphasized for Tampa Bay residents regarding Hurricane Milton? Answer: Urging residents to evacuate while they still can.
8. How many dump trucks has Florida Governor Ron DeSantis deployed to clear debris from Hurricane Helene? Answer: Over 300 dump trucks.
9. What percentage tax hike has caused protests in Pakistan under the IMF bailout deal? Answer: 40%.
10. Who is heading the nine-member Constitution Reform Commission in Bangladesh? Answer: Ali Riaz.
11. What is the mandate period for the Constitution Reform Commission in Bangladesh to review and propose reforms? Answer: 90 days.
Economy News
12. How much have rural women in Uttar Pradesh facilitated in financial transactions over the past four and a half years? Answer: Rs 27,000 crore.
13. What is the unchanged repo rate as decided in the RBI Monetary Policy Meeting 2024? Answer: 6.5%.
14. At what value has the Indian rupee stabilized against the US dollar due to RBI’s intervention? Answer: 83.97.
Defence News
15. What is the name of the new deep-water survey vessel commissioned by the Indian Navy? Answer: Nirdeshak (Yard 3026).
Awards News
16. Who presented the 70th National Film Awards on October 8, 2024? Answer: Hon. President Draupadi Murmu.
17. Which 2024 Nobel Prize in Chemistry awardees were recognized for AI-based protein structure prediction? Answer: Demis Hassabis and John M. Jumper.
Sports News
18. Who announced retirement from professional football after a 22-year career? Answer: Andrés Iniesta.
Important Days
19. When is World Mental Health Day observed annually? Answer: October 10.
20. What is the significance of World Post Day celebrated on October 9? Answer: Marks the anniversary of the Universal Postal Union’s (UPU) creation.
Daily current affairs 9 October 2024
National News
India-UAE Investment Pact: Reducing Arbitration Time and Expanding Protection
India has signed a Bilateral Investment Treaty (BIT) with the United Arab Emirates (UAE) to enhance investor confidence and strengthen economic ties. The agreement reduces the arbitration period for foreign investors from five years to three years, allowing them to seek international arbitration if disputes are unresolved within the stipulated timeframe. Effective from August 31, 2024, the BIT also extends protections to shares and bonds, broadening the scope of investments covered.
Democracy in Action: Haryana and Jammu & Kashmir Voters Give Their Mandate
The Assembly elections in Haryana and Jammu and Kashmir concluded recently, with results announced on October 8, 2024. In Jammu and Kashmir, the INC-NC alliance won, while in Haryana, the BJP secured the mandate. The elected governments will serve for the next five years.
International News
Hurricane Milton Approaches: Residents Evacuate Tampa Bay Area
As Hurricane Milton approaches the Florida coast, residents of the Tampa Bay region are evacuating to avoid the potentially catastrophic storm. Preparations are underway to protect against storm surges, severe winds, and possible tornadoes. Former FEMA director Craig Fugate emphasized the urgency of evacuation, while Florida Governor Ron DeSantis announced the deployment of over 300 dump trucks to clear debris from Hurricane Helene.
Protests Erupt in Pakistan Following 40% Tax Hike Under IMF Bailout
Pakistan is experiencing widespread protests after the government raised taxes by 40% as part of a $7 billion bailout deal with the International Monetary Fund (IMF). The tax hike, aimed at stabilizing the economy, has exacerbated the cost of living crisis, leading to significant public unrest and posing a challenge for Prime Minister Shehbaz Sharif’s coalition government.
Bangladesh Forms Nine-Member Constitution Reform Commission
Bangladesh’s interim government has established a nine-member Constitution Reform Commission, led by Bangladeshi-American professor Ali Riaz, to review and propose reforms within 90 days. The commission, formed after Prime Minister Sheikh Hasina resigned, aims to create a more representative and democratic framework. It includes professors, legal experts, and student representatives, with student Mahfuj Alam serving as special assistant to Chief Adviser Muhammad Yunus.
Economy News
UP’s Rural Women Drive Rs 27,000 Crore in Financial Transactions
Rural women in Uttar Pradesh, working as BC Sakhis, have facilitated Rs 27,000 crore in financial transactions over the past four and a half years. These women, part of self-help groups (SHGs), provide banking services in rural, unbanked areas, earning Rs 75 crore in commission and significantly contributing to financial inclusion.
RBI Monetary Policy Meeting 2024: Repo Rate Unchanged and Other Key Outcomes
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the tenth consecutive time, shifting its monetary policy stance from ‘withdrawal of accommodation’ to ‘neutral.’ This decision keeps external benchmark lending rates stable, providing relief to borrowers as their equated monthly instalments (EMIs) will not increase.
RBI Intervention Stabilizes Rupee Below 84 Against the Dollar
The Indian rupee has stabilized at 83.97 against the US dollar due to active intervention from the Reserve Bank of India (RBI). Despite pressures from foreign portfolio outflows, rising crude oil prices, and a strengthening dollar index, the RBI’s strategies have prevented the rupee from breaching the 84 mark.
Defence News
Indian Navy Commissions New Deep-Water Survey Vessel
The Indian Navy has commissioned its latest large Survey Vessel, Nirdeshak (Yard 3026), designed for deep water hydrographic mapping. This is the second of four Survey Vessel (Large) ships, built by Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata.
Awards News
Celebrating Excellence in Indian Cinema at the National Film Awards
The Ministry of Information and Broadcasting conferred the prestigious National Film Awards and the Dadasaheb Phalke Award on October 8, 2024, with Hon. President Draupadi Murmu presenting the honors.
Baker, Hassabis, Jumper Awarded Nobel 2024 in Chemistry for Pioneering Protein Research
The 2024 Nobel Prize in Chemistry was awarded to David Baker for his work in computational protein design and to Demis Hassabis and John M. Jumper for their AI-based protein structure prediction. These advancements represent significant progress in understanding and designing proteins.
Sports News
The End of an Era: Andrés Iniesta Announces Retirement
Andrés Iniesta, the Spanish football maestro, announced his retirement from professional football after a 22-year career. He represented the Spanish national team and FC Barcelona, one of the world’s top clubs.
Important Days
World Mental Health Day 2024
World Mental Health Day, observed annually on October 10, aims to raise awareness about mental health issues and mobilize efforts in support of mental health care worldwide. It was first initiated in 1992 by the World Federation for Mental Health (WFMH).
Celebrating World Post Day: Honoring Postal Services
World Post Day is celebrated each year on October 9, marking the anniversary of the Universal Postal Union’s (UPU) creation in 1874, as declared by the 1969 Universal Postal Congress in Tokyo.
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