Daily Current Affairs 3 October 2019: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 3 October 2019. It includes all Major National, International, Business and Sports related current affairs of 3 October 2019. 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 3 October 2019 Current affairs test.

National News

1. India Today Safaigiri Summit

  • The 5th edition of India Today Safaigiri Summit was held in New Delhi.
  • President Kovind has presented Swachchta Ambassador award 2019 to Sachin Tendulkar at India Today Safaigiri Summit held in New Delhi.

2. Book ‘Lal Bahadur Shastri: Politics and Beyond’

  • Book titled ‘Lal Bahadur Shastri: Politics and Beyond’ is authored by Sandeep Shastri.
  • It depicts the early influences, political associations and historical decisions of Lal Bahadur Shastri.

3. India’s first private train

  • India’s first private train ‘Tejas Express’ by IRCTC running on the Lucknow-New Delhi route has flagged off.
  • IRCTC: Headquarters: New Delhi || Services : Catering, Tourism and Online Ticketing

4. Book ‘Game of Votes: Visual Media Politics and Elections in the Digital Era’

  • Book ‘Game of Votes: Visual Media Politics and Elections in the Digital Era’ is penned by FarhatBasir Khan.
  • The Book details the evolution of election campaigns in India.

5. Mo Sarkar

  • Odisha Government has launched ‘Mo Sarkar’ initiative for ensuring transparency in governance focusing fully on the common public.
  • It was launched by chief Minister of Odisha Naveen Patnaik.

International News

1. Syria-India Center for Excellence in IT

  • An MoU is signed between Syria and India on upgradation of Syria-India Center for Excellence in IT.
  • Syria: Capital: Damascus || Currency: Syrian pound or Syrian lira

2. Ecuador quits OPEC

  • Ecuador will quit Organization of the Petroleum Exporting Countries from January 1, 2020 due to its fiscal problems.
  • OPEC: Headquarters: Vienna, Austria || Membership: 14 countries
  • Ecuador: Capital: Quito || Currency: US Dollar

3. UNHCR Nansen Refugee Award 2019

  • Kyrgyz lawyer Azizbek Ashurov has won UNHCR Nansen Refugee Award 2019.
  • The United Nations High Commissioner for Refugees is a United Nations programme with the mandate to protect refugees, forcibly displaced communities and stateless people, and assist in their voluntary repatriation, local integration or resettlement to a third country.
  • UNHCR: Headquarters: Geneva, Switzerland || Head: Filippo Grandi || Abbreviation: UNHCR, HCR || Founder: United Nations || Founded: 14 December 1950 || High commissioner: Filippo Grandi
  • The UNHCR Nansen Refugee Award is awarded annually by the United Nations High Commissioner for Refugees to an individual, group, or organization in recognition of outstanding service to the cause of refugees, displaced or stateless people. It was established in 1954.

Business News

1. RBI Monetary Policy Review Highlights 2019

  • RBI cuts the Repo Rate by 25 basis points to 5.15% from 5.40%.
  • CRR: 4%
  • SLR: 18.75%
  • Repo rate: 5.40%
  • Reverse repo rate: 5.15%
  • Marginal Standing facility rate: 5.65%
  • Bank Rate: 5.65%

2. ‘Express FD’ by Axis Bank

  • Axis Bank has launched ‘Express FD’ which is a digital fixed deposit product.
  • ‘Express FD’ allows a customer to open an FD account in 3 minutes through the digital mode without opening a savings account with the bank.
  • Axis Bank is the third-largest bank in India offering a wide assortment of financial products. The bank has its head office in Mumbai, Maharashtra.
  • Chairman of Axis Bank: Rakesh Makhija || Headquarters: Mumbai.

3. S&P Global Ratings predicts GDP Growth Rate of India

  • Standard & Poor (S&P) Global ratings has reduced India’s growth to 6.3% from 7.1% for 2019-2020.
  • S&P: Founded- 1860 || Founder- Henry Varnum Poor || Headquarters- New York.

4. IDBI Bank to divest its stake

  • IDBI Bank Board has given in-principle approval to divest its 19.18% stake in Asset Reconstruction Company.
  • Industrial Development Bank of India was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. Initially it operated as a subsidiary of Reserve Bank of India RBI transferred it to GOI.
  • An Asset Reconstruction Company is a specialized financial institution that buys the NPAs or bad assets from banks and financial institutions so that the latter can clean up their balance sheets. Or in other words, ARCs are in the business of buying bad loans from banks.

Sports News

1. NBCC with National Sports University

  • NBCC India Ltd has signed an MoU with Ministry of Youth Affairs and Sports to provide project management consultancy for development of National Sports University at Imphal, Manipur.
  • National Sports University is a sports university in Manipur in India. Prime Minister Narendra Modi has laid foundation stone for National Sports University on 16 March 2018.
  • NBCC: Founded- 1960 || Headquarters- Delhi.

2. Chairman of Cricket Advisory Committee of BCCI

  • Kapil Dev has resigned from Cricket Advisory Committee of BCCI.
  • It came after BCCI Ethics Officer DK Jain sent a notice to the panel comprising of Kapil, Anshuman Gaekwad and Shantha Rangaswamy regarding to the allegations of conflict of interest as claimed by Madhya Pradesh Cricket Association MPCA life member Sanjeev Gupta.

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