Daily Current Affairs 28th October 2023: Your guide for daily General Knowledge Preparation
This post contains important current affairs of 28th October 2023. It includes all Major National, International, Business and Sports related current affairs of 28th 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 28th October 2023 Current affairs test.
1. Projection of India’s Per Capita Income Growth
- A research report from Standard Chartered Bank suggests that India’s per capita income could surge by about 70% by 2030, potentially reaching 4,000 dollars, compared to the current level of 2,450 dollars.
- This growth is anticipated to elevate India to a middle-income economy with a GDP of 6 trillion dollars, where a significant share of it, around half, would stem from household consumption.
- India’s per capita GDP has seen incremental growth, moving from 460 dollars in 2001 to 1,413 dollars in 2011 and further to 2,150 dollars in 2021.
- The expansion of external trade is foreseen as a pivotal factor in driving substantial economic progress, with expectations of doubling external trade to 2.1 trillion dollars by 2030.
2. Inauguration of the 20th Annual Conference of the Commonwealth Parliamentary Association, India Region by Om Birla
- Om Birla, Speaker of Lok Sabha, has inaugurated the 20th annual conference of the Commonwealth Parliamentary Association, India Region.
- The conference’s focal point is centered on deliberations about natural calamities and strategies for their management, particularly concerning the northeast region.
- Emphasis was placed on regional cooperation and enhanced connectivity through the Act East policy, envisaging bolstered regional integration on economic and social fronts in the North East.
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1. Sultan Ibrahim Iskandar of Johor Ascends to Malaysian Throne
Malaysia’s royal families have chosen Sultan Ibrahim Iskandar, the sovereign of Johor, to assume the role of the nation’s king. The appointment, made through Malaysia’s unique rotational monarchy system, signals a noteworthy chapter for the country.
At 64 years of age, Sultan Ibrahim Iskandar of Johor will ascend to the Malaysian throne, adhering to the rotational monarchy system shared among nine state rulers. His reign is set to begin on January 31 and will last for a five-year term.
Since its independence from British rule in 1957, Malaysia has maintained a rotating monarchy system, wherein nine Malay state rulers alternate as king every five years. This system underscores Malaysia’s commitment to its heritage and provides a sense of continuity and cultural pride.
2. UN Secretary-General Antonio Guterres Forms Advisory Group on AI
Secretary-General Antonio Guterres of the United Nations has established a new advisory group focused on artificial intelligence (AI). This panel consists of 39 members from various sectors, including technology, government, and academia.
The group’s mission is to create a common understanding of AI’s global implications and to develop guidelines for its governance. The diverse makeup of the panel ensures a well-rounded approach to the challenges and opportunities presented by AI technology.
3. CCI Joins Steering Committee of International Competition Network
The Competition Commission of India (CCI) has joined the steering committee of the International Competition Network (ICN), an important forum for competition agencies worldwide, consisting of 140 members.
The CCI’s role in the 18-member committee underlines India’s active participation in global antitrust policy-making and enforcement. This appointment reflects the CCI’s dedicated efforts to uphold and advocate for fair competition practices internationally.
4. Nagaland to Celebrate 24th Hornbill Festival
The 24th Hornbill Festival is set to commence in Nagaland on December 1, bringing together a fusion of cultural displays from various Naga tribes. The festival, named after the revered hornbill bird, a symbol of integrity in Naga culture, is expected to draw a global audience.
Known as the ‘Festival of Festivals’, the Hornbill Festival provides a platform for the 17 Naga tribes to celebrate their heritage and promote peace and unity while showcasing their diverse cultural traditions and arts.
5. HAL Partners with Safran for Aircraft Engine Component Production
Hindustan Aeronautics Limited (HAL) has signed a Memorandum of Understanding (MoU) with Safran Aircraft Engines to collaborate on aerospace engine production. The partnership will see HAL produce LEAP engine forgings in Bengaluru and work with Safran on designing helicopter engines for the Indian Multi-Role Helicopter (IMRH).
This collaboration aims to combine the strengths of both companies to serve the needs of the Indian military and civil aviation sectors more effectively.
6. RBI Greenlights MobiKwik’s Zaakpay as Payment Aggregator
Zaakpay, the payment gateway arm of MobiKwik, has received in-principle approval from the Reserve Bank of India (RBI) to function as a payment aggregator. This development allows Zaakpay to add new merchants to its platform and provide a wide range of payment options to customers.
The approval marks a significant step for digital transactions in India, potentially benefiting small and medium-sized businesses by facilitating their inclusion in the digital economy.
7. Tata Group to Begin iPhone Production After Acquiring Wistron’s India Operations
The Tata Group is poised to become the first Indian manufacturer of iPhones following the acquisition of Wistron’s facilities in India. Union Minister Rajeev Chandrasekhar announced this development, signifying Tata’s entry into the global electronics market and India’s growing prominence in smartphone manufacturing.
Important Days News
8. 76th Shaurya Diwas Commemorates Indian Forces’ Arrival in Kashmir
The Indian Army celebrated the 76th Shaurya Diwas in Jammu and Kashmir to honor the day Indian forces landed in the region in 1947. The event included reenactments to pay homage to the soldiers and citizens involved in the historic mission, symbolizing India’s dedication to national unity.
9. UN Inaugurates International Day for Care and Support
The United Nations has declared October 29 as the International Day for Care and Support, underscoring the importance of care in promoting gender equality and societal sustainability. The resolution invites global participation to heighten awareness of the significance of the care economy.
10. Delhi Government Rolls Out Jai Bhim Mukhyamatri Pratibha Vikas Yojna
Delhi’s government has launched the “Jai Bhim Mukhyamatri Pratibha Vikas Yojna,” offering free coaching to SC/ST/OBC/EWS students for various competitive exams. The scheme includes coaching for Group A, B, C recruitment exams, defense forces exams, and technical post exams like IES and GATE, with options for fee reimbursement for non-empanelled institutes.
Science & Technology News
11. Reliance Jio Introduces JioSpaceFiber Satellite Broadband
Reliance Jio has launched ‘JioSpaceFiber’, India’s inaugural satellite-based gigabit broadband service. Unveiled at the India Mobile Congress, this service aims to bring high-speed internet to remote areas, potentially transforming digital access across the nation.
12. China Mourns the Loss of Former Premier Li Keqiang
Former Premier Li Keqiang of China passed away at 68 due to a heart attack. Having served two terms, Li’s role as the head of government and his leadership in the State Council were pivotal in China’s political sphere until his retirement in March 2023.
13. Jio MAMI Film Festival Returns to Mumbai
The Jio MAMI Mumbai Film Festival resumed after a four-year hiatus, opening with a ceremony at the Nita Mukesh Ambani Cultural Centre. The festival showcases a diverse range of films and honored several film industry luminaries with prestigious awards.