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Important Current Affairs 27th October 2021

INTERNATIONAL

Sea phase of India-UK maiden Tri-Service exercise 'Konkan Shakti 2021' in full swing

•The Armed Forces of India and the United Kingdom (UK) are undertaking the sea phase of the maiden Tri-Service exercise ‘Konkan Shakti 2021’ off the Konkan coast in the Arabian Sea from October 24 to 27, 2021. The harbour phase of the seven-day exercise was held in Mumbai from October 21 to 23, 2021. The exercise Konkan Shakti 2021 aims at further strengthening the cooperation between the two countries.

•The two forces integrated within their groups with exercises such as replenishment at sea approaches, air direction and strike operations by fighter aircraft (MiG 29Ks and F35Bs), cross control of helicopters (Sea King, Chetak and Wildcat), transiting through war-at-sea scenarios, and gun shoots on expendable air targets. The simulated induction of Army troops was also undertaken and was followed by the setting up of a joint command operations centre. The two forces thereafter effected a rendezvous at sea with advanced air and sub-surface exercises.

NATIONAL

Yogi government renames Faizabad Railway Junction to Ayodhya Cantt

•The Uttar Pradesh government has decided to rename the Faizabad Junction to Ayodhya Cantt railways station. Opened in 1874, the Faizabad railway station comes under the Northern Railway zone.

•It falls under the Lucknow-Varanasi section. Earlier in 2018, the Yogi Adityanath government had renamed Faizabad Ayodhya on the occasion of Diwali. The BJP government also changed the name of Allahabad to Prayagraj and Mughalsarai railway junction as Pt Deen Dayal Upadhyay junction.

Finance Minister Smt. Nirmala Sitharaman participates in 6th Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank

•The Union Minister of Finance & Corporate Affairs Nirmala Sitharaman has participated in the 6th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) through a video conference from New Delhi. The theme of the Annual Meeting of AIIB was “Investing Today and Transforming Tomorrow”.

•This year the meeting was jointly organized by AIIB in collaboration with the Government of the United Arab Emirates (UAE). The basic objective of the annual meet is to take key decisions on important matters relating to AIIB, and its future vision. The Finance Minister of India shared her thoughts on the theme “COVID-19 Crisis and Post-COVID Support”, during the Governor’s Roundtable Discussion.

India's 1st Banni buffalo calf born through IVF procedure

•The first IVF calf of “Banni” breed of buffaloes, found primarily in Gujarat’s Kutch region, was born at a farmer’s house in the state’s Gir Somnath district. The process was carried out to enhance the number of genetically superior buffaloes to increase milk production. Banni buffalo is known for its resilience and higher milk-producing capacity in an arid environment.

•The breed had achieved six pregnancies from 18 recipient buffaloes at his farm, which were implanted with embryos through IVF technology, and the process was carried out by JKBovagenix of NGO JK Trust. India has more than 109 million buffaloes that are 56 per cent of the world’s buffalo population.

In a unique initiative to celebrate Azadi ka Amrit Mahotsav, Union Minister Sh. G.K Reddy launches the Amrit Mahotsav Podcast

•The Union Minister for Culture and Tourism, G.K Reddy has launched the Amrit Mahotsav Podcast, as a part of the Azadi ka Amrit Mahotsav celebration by the ministry. The Amrit Mahotsav Podcast series (Zara Yaad Karo Qurbani) is a tribute to the Indian National Army (persons and movements), which significantly contributed to India’s freedom struggle, some of which have remained untold and not found a place in the conventional storyline.

•As an ode to the sacrifices made, it is only befitting to salute these heroes by recollecting their stories of courage and valour as part of commemorating 75 years of India’s independence.

World’s biggest cricket bat unveiled

•Former India captain and now Hyderabad Cricket Association (HCA) president Mohd Azharuddin has unveiled what is certified by the Guinness Book of World Records to be the biggest cricket bat, designed by Pernod Ricard India (P) Ltd, on Tank Bund.

•The bat measures 56.10 feet, weighs 9-tonnes and is made of poplar wood. This was to convey best wishes to the Indian cricket team and bring back the T-20 World Cup in Dubai.

IMPORTANT DAYS

Indian Army 75th Infantry Day: 27th  October 2021

•The Indian Army celebrates October 27 every year as the ‘Infantry Day’. This year nation celebrates its 75th Infantry Day on October 27, 2021. On this day that the 1st Battalion of the Sikh Regiment landed at Srinagar airbase and displayed resoluteness and extraordinary courage and became ‘The Wall’ to thwart the evil designs of the Pakistan Army, who had invaded Kashmir with the help of tribal raiders in 1947.

•Infantry Day is celebrated as a remembrance of the first military event of independent India, when the First Battalion of the Sikh Regiment of Indian Army fought battle to accomplish victory over the first attack on the Indian soil by the Pakistan Army and Lashkar invader on October 27, 1947, in the Kashmir valley, who tried to grab J&K.

World Day for Audiovisual Heritage 2021: 27th October

•The World Day for Audiovisual Heritage is observed every year on 27 October. The World Day for Audiovisual Heritage is a key initiative for both UNESCO and the Coordinating Council of Audiovisual Archives Associations (CCAAA) to honour audiovisual preservation professionals and institutions that safeguard our heritage for future generations. The day was chosen to raise awareness of the significance and preservation risks of recorded sound and audiovisual documents.

•The theme of the World Day for Audiovisual Heritage 2021: “Your Window to the World”.

Vigilance Awareness Week 2021: October 26 to November 01

•The Vigilance Awareness Week 2021 has been organised by the Central Vigilance Commission (CVC) from 26 October to 01 November 2021. The annual event is celebrated during the week in which the birthday of Sardar Vallabhbhai Patel falls, which is held on October 31. The theme of Vigilance Awareness Week 2021: ‘Independent India @75: Self Reliance with Integrity‘.

•The week-long celebration aims to promote integrity, transparency and accountability amongst public servants and create awareness about the existence, causes and gravity of corruption and the threat posed by it to society as a whole.

BANKING AND ECONOMIC

ICICI Bank overtakes HUL in m-cap to occupy 5th spot

•Private sector lender ICICI Bank has crossed the market capitalisation of Hindustan Unilever to become the fifth-largest company by market value. According to BSE data, ICICI Bank’s market capitalisation (m-cap) stood at Rs.5.83 lakh crore, just above HUL’s Rs.5.76 lakh crore. This follows the bank posting its highest ever quarterly net profit in the July to September 2021 quarter.

•The bank’s scrip touched a 52-week high of Rs.859.70 on the BSE before ending at Rs.841.05, registering a gain of 10.8 per cent over the previous day’s close. ICICI Bank becomes the second lender after HDFC Bank to break into the top five companies on the BSE in terms of m-cap.

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