Daily Current Affairs 26th October, 2023

Daily Current Affairs 26th October 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 26th October 2023. It includes all Major National, International, Business and Sports related current affairs of 26th October 2023. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 26th October 2023 Current affairs test.

Domestic News

1. Prime Minister Narendra Modi’s Participation at Ayodhya Event

Prime Minister Narendra Modi is set to attend a landmark event in Ayodhya, accepting an invitation from the Shri Ram Janambhoomi Trust for the placement of Lord Ram’s idol at the newly constructed Ram Temple.
The ceremonial installment is scheduled to commence on the auspicious day of Makar Sankranti, marking a historic moment for both Ayodhya and the nation.
The completion of the temple’s foundational structure paves the way for this event, which is a culmination of years of anticipation and is expected to draw significant attention with PM Modi’s presence.

Global Developments

2. New Speaker of the US House of Representatives

Congressman Mike Johnson has been elected as the Speaker of the House after a prolonged period of political deliberations.
Johnson, a 51-year-old attorney serving his fourth term, assumes a critical role in US politics, being third in line for the presidency.
His election by a narrow margin of 220-209 votes in the divided Congress signifies a pivotal moment in US legislative leadership.

3. India Resumes Limited Visa Services for Canada

Following the assassination of a Sikh separatist in British Columbia, India has partially restored visa services for Canada.
Visa issuance is currently restricted to entry, business, medical, and conference purposes, with emergency cases as exceptions.
The resumption of services comes after a hiatus imposed by the Indian High Commission and consulates in Canada due to security concerns.

4. China’s Construction of the ‘Trident’ Neutrino Detector

China is set to construct ‘Trident,’ poised to be the world’s largest neutrino detector, eclipsing the current record-holder, IceCube.
Located in the western Pacific Ocean, Trident aims to uncover cosmic mysteries by studying neutrinos, elusive particles that are fundamental to understanding the universe.
With a planned size of 7.5 cubic kilometers, Trident is expected to be fully operational by 2030.

State News

5. Approval of Jamrani Dam Project in Uttarakhand

The Indian government has greenlighted the Jamrani Dam Multipurpose Project in Uttarakhand under the Pradhan Mantri Krishi Sinchayee Yojana-Accelerated Irrigation Benefit Programme.
The project involves constructing a dam on the Gola River near Jamrani village, with a total estimated cost of Rs 2,584 crore.
An allocation of Rs 1,557 crore has been made for the project, which is slated for completion by March 2028.

6. Kerala’s New Graphene Production Facility

The Kerala government has approved an initiative worth ₹237 crore to set up a graphene production unit, leveraging a public-private partnership model.
The Kerala Digital University will spearhead the initiative, with KINFRA facilitating infrastructure as a special purpose vehicle.
Graphene, known for its exceptional strength, conductivity, and lightness, is anticipated to revolutionize various industrial sectors.

Economic Updates

7. Subsidy Revision for Fertilizers by the Indian Government

The Indian government has recalibrated subsidy rates for key fertilizers, balancing the global price hike and affordability for Indian farmers.
The revised subsidy for the October-March period is set at Rs 22,303 crore, reflecting the government’s commitment to supporting agriculture.

Banking Sector Update

8. RBI’s Directive for Private Banks

The Reserve Bank of India has directed private and foreign subsidiary banks to appoint at least two Whole-Time Directors to ensure sound governance.
Banks lacking this requirement must propose suitable appointments within four months and amend their Articles of Association accordingly.

Significant Days

9. World Polio Day

World Polio Day, celebrated on October 24, highlights the ongoing global effort to eradicate polio and emphasizes the importance of vaccines.
India’s remarkable public health achievement is spotlighted, marking 12 years of being polio-free since thelast case reported in 2011.

10. Accession Day in Jammu and Kashmir

Accession Day is observed on October 26 in Jammu and Kashmir, commemorating the 1947 signing of the Instrument of Accession by Maharaja Hari Singh.
The day, which has been a public holiday since 2020, celebrates the region’s integration into India.

Reports and Rankings

11. SBI Report on PM SVANidhi Scheme

The State Bank of India has released a report praising the PM SVANidhi Scheme for promoting gender equality, with women making up 43% of its beneficiaries.
The scheme is recognized for its socio-economic impact, with 75% of loan recipients belonging to the non-general category.

Agreements and Collaborations

12. IIT Kanpur and Airbus Partnership

A partnership between IIT Kanpur and Airbus has been formalized to advance aerospace education and innovation in India.
The collaboration aims to bolster research and skill development within the aerospace industry.

Appointments and Recognitions

13. Rajkummar Rao as EC’s ‘National Icon’