State News

PM Modi Virtually Inaugurates Development Projects Worth ₹11,200 Crore in Maharashtra

• Prime Minister Narendra Modi virtually inaugurated and laid the foundation stone for various projects worth ₹11,200 crore in Maharashtra on September 29, 2024.
• This event comes as the Assembly election approaches in the state.
• The inauguration was initially scheduled for September 26 but was postponed due to heavy rain in Pune.
• The projects aim to boost infrastructure and development in Maharashtra.

State News

Shankh Air: India’s Newest Airline Set to Launch

• Shankh Air, India’s latest airline, is set to launch by the end of 2024 after receiving approval from the civil aviation ministry.
• It will be the first scheduled airline based in Uttar Pradesh, with hubs in Lucknow and the upcoming Noida International Airport.
• The airline will focus on both inter- and intra-state routes, targeting areas with high demand and limited direct flight options.
• This development marks a significant milestone for the state’s aviation sector.

Defence News

NATO to Establish Northern Land Command in Eastern Finland

• NATO plans to set up a new land command in Finland near the Russian border in 2025.
• The command will lead land force operations in northern Europe during potential military conflicts.
• Finnish Defence Minister Antti Hakkanen announced the proposal at Finland’s Army Headquarters in Mikkeli.
• The Multi Corps Land Component Command will work under NATO’s U.S.-based Norfolk Joint Force Command and Finland’s own land force command.

Banking and Finance News

India’s Forex Reserves Hit Record High of $692.3 Billion

• India’s foreign exchange reserves reached a record high of $692.3 billion as of September 20, 2024.
• The reserves increased by $2.84 billion during the week, following a total rise of $19.3 billion over the previous five weeks.
• The rise in reserves was driven by the Reserve Bank of India’s interventions in the forex market.
• Inflows into local stocks and bonds also contributed to the increase.

Rank and Reports News

OECD Revises India’s FY25 Growth Forecast Upward to 6.7%

• The OECD raised India’s FY25 growth forecast to 6.7%, up from 6.6%, in its Interim Economic Outlook released on September 25.
• Inflation is projected to rise to 4.5%, compared to the earlier estimate of 4.3%.
• The Indian economy is expected to grow even faster at 6.8% in FY26.
• India will remain the fastest-growing economy in 2024 and 2025, ahead of China, the US, and other G20 nations.

National News

GST Council Establishes GoM on Compensation Cess

• The GST Council has formed a 10-member Group of Ministers (GoM) to address the future taxation of luxury, sin, and demerit goods.
• The GoM is chaired by Minister of State for Finance Pankaj Chaudhary.
• Representatives from Assam, Chhattisgarh, Gujarat, Karnataka, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh, and West Bengal are included.
• A report is expected to be submitted by December 31, 2024.

Appointments and Resignations News

IndusInd Bank Reappoints Sumant Kathpalia as MD & CEO

• The board of IndusInd Bank has approved the reappointment of Sumant Kathpalia as Managing Director and Chief Executive Officer.
• His new term will run from March 24, 2025, to March 23, 2028.
• The reappointment is pending approval from the Reserve Bank of India (RBI) and shareholders.
• Kathpalia has been instrumental in the bank’s growth and strategic initiatives.

Banking and Finance News

NSE, BSE Revise Transaction Fees; New Charges Effective from October 1

• BSE and NSE have announced revisions to their transaction fees, effective from October 1, 2024.
• The changes impact various segments and align with SEBI’s July directive for a uniform fee structure across market infrastructure institutions (MIIs).
• This move eliminates the previous slab-based structure.
• The new fee structure aims to ensure transparency for end clients.

Awards and Recognitions News

The 2024 SASTRA Ramanujan Prize: Honoring Mathematical Excellence

• The 2024 SASTRA Ramanujan Prize will be awarded to Alexander Dunn of the Georgia Institute of Technology, U.S.
• This prestigious award recognizes outstanding contributions in mathematics, particularly those influenced by Srinivasa Ramanujan.
• The prize celebrates excellence in the field of mathematics.
• Dunn’s work has made significant impacts in the mathematical community.

State News

Udhayanidhi Stalin Took Oath as Deputy CM of TamilNadu

• Udhayanidhi Stalin, son of Chief Minister M. K. Stalin, took the oath as the new Deputy Chief Minister of TamilNadu.
• The cabinet reshuffle included several changes in the state’s administration.
• The oath-taking ceremony was attended by key political figures.
• Udhayanidhi’s appointment is seen as a strategic move ahead of upcoming elections.

Appointments and Resignations News

Justice Manmohan was sworn in as the Chief Justice of the Delhi High Court

• Justice Manmohan took the Oath of Office as the Chief Justice of the Delhi High Court.
• The oath was administered by Lieutenant Governor Vinai Kumar Saxena.
• The ceremony was held in the capital, with the new Chief Minister of Delhi in attendance.
• Justice Manmohan’s appointment is expected to bring significant changes to the judiciary.

Appointments and Resignations News

IPS Nalin Prabhat Set to Take Charge as DGP of J&K from October 1

• The Ministry of Home Affairs appointed IPS Nalin Prabhat as the Director General of Police (DGP) of Jammu and Kashmir.
• He will assume charge from October 1, 2024.
• Until then, he will serve as the Special Director-General (DG) of the Jammu and Kashmir Police.
• Prabhat’s appointment is part of a broader strategy to enhance security in the region.

Appointments and Resignations News

As a New President of INS Shreyams Kumar Elected as a Chair

• M V Shreyams Kumar of Mathrubhumi was elected President of The Indian Newspaper Society (INS).
• He will succeed Rakesh Sharma of Aaj Samaj.
• The INS is an apex body of publishers of newspapers, magazines, and periodicals in India.
• Kumar’s election is expected to bring new perspectives to the organization.

State News

‘Telangana Darshini’ Program for Students to Visit Historical Sites

• The Telangana state government launched the ‘Telangana Darshini’ Program for government school students.
• The program aims to allow students to explore historical and tourist sites at no cost.
• It is designed to enrich the educational experiences of government school students.
• The initiative is expected to foster a deeper understanding of the state’s heritage.

Sports News

LARA: The England Chronicles – A Cricket Legend’s Journey

• Brian Lara stands as a singular figure in the annals of cricket history.
• His uniqueness is not just a matter of opinion but a fact etched in the record books of the sport.
• The cricketing world has not seen a batsman quite like him before.
• It’s almost certain that we won’t see one like him again.

Sports News

Gulveer Singh of India Broke The National Record in 5000m in Japan

• India’s Gulveer Singh set a new national record in the men’s 5000m at the Yogibo Athletics Challenge Cup in Niigata, Japan.
• He won the race with a time of 13:11.82.
• This performance improved upon his own national record set earlier this year.
• Singh’s achievement is a significant milestone in Indian athletics.

Sports News

Centre Of Excellence Inaugurated by BCCI in Bengaluru

• The BCCI inaugurated a new Centre Of Excellence in Bengaluru.
• The state-of-the-art facilities are located on the outskirts of the city.
• The Centre is also referred to as the New National Cricket Academy.
• This initiative aims to expand and enhance cricketing infrastructure in India.

Important Days News

International Translation Day 2024, Date, History, Theme and Significance

• International Translation Day is observed every year on September 30.
• The day honors the invaluable contributions of translators and language specialists worldwide.
• It serves as a platform to recognize the achievements of these professionals.
• Translators play a crucial role in promoting international communication, understanding, and collaboration.

Obituary News

Dame Maggie Smith, A Legendary Actress Passes at 89

• Dame Maggie Smith, the celebrated British actress, has passed away at the age of 89.
• She was renowned for her roles in Harry Potter and Downton Abbey.
• Her family confirmed the news, stating she died peacefully in a hospital.
• Smith’s passing is a significant loss to the world of entertainment.

Obituary News

Renowned Poet Keki N. Daruwala Dies at the Age of 87

• Renowned poet and former IPS officer Keki N. Daruwala passed away at the age of 87 in New Delhi.
• He was a Sahitya Akademi Award winner and left a lasting impression on young writers.
• Daruwala’s work has been an inspiration for many in the literary community.
• His death marks the end of an era in Indian poetry.