Current Affairs 1 October 2023

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Current Affairs 1 October 2023 includes all newspapers such as The Hindu, The Economic Times, Business Standard, Times of India, PTI, Indian Express, and all Government official websites.

 News Headlines 

1. Education Minister Dharmendra Pradhan to launch Bharatiya Bhasha Utsav and Technology & Bharatiya Bhasha Summit in New Delhi
2. Union Minister G. Kishan Reddy launches 5G training labs and 5G applications in all North Eastern States
3. Ministry of Tourism to host PATA Travel Mart 2023 in New Delhi from 4th October
4. DR L. Murugan leads Indian Delegation at TIFF 2023
5. Hangzhou Asian Games | Bopanna-Bhosale win tennis mixed doubles gold
6. Indian trio of Sarabjot Singh, Arjun Singh Cheema & Shiva Narwal win gold in Men’s 10m air pistol team in Asian Games
7. Uttar Pradesh Achieves 100% ODF Plus Coverage under Swachh Bharat Mission Grameen
8. India retains 40th rank in the Global Innovation Index 2023
9. HP partners with Google to manufacture Chromebooks for Indian market
10. India’s external debt at $629.1 bn at Jun-end, debt-GDP ratio declines: RBI
11. Bank credit growth to dip to 13-13.5% in FY24, 13.5-14% in FY25: CRISIL

 News Details 

1. Education Minister Dharmendra Pradhan to launch Bharatiya Bhasha Utsav and Technology & Bharatiya Bhasha Summit in New Delhi

• The Education Minister, Dharmendra Pradhan, has inaugurated the Bharatiya Bhasha Utsav and Technology and Bharatiya Bhasha Summit in New Delhi.
• This two-day summit aims to chart a path towards a technologically advanced future for Bharatiya languages in the field of education.
• More information:
  • The summit has consisted of three significant thematic sessions, with a particular emphasis on the integration of technology in the promotion of Bharatiya Bhasha.
  • This includes exploring its role in teaching, training, examination, and the translation of educational materials.

2. Union Minister G. Kishan Reddy launches 5G training labs and 5G applications in all North Eastern States

• The Minister for Development of North East Region, Tourism, and Culture, G. Kishan Reddy, virtually launched the first 5G training labs and 5G applications in the health sector across all the North Eastern States of India.
• More information:
  • This project is centrally funded through the North East Council (NEC) and is being implemented by the Assam Electronic Development Corporation, a public sector undertaking of the Assam government.

3. Ministry of Tourism to host PATA Travel Mart 2023 in New Delhi from 4th October

• The Ministry of Tourism, Government of India, is pleased to announce that India has been selected as the host country for the 46th edition of the Pacific Asia Travel Association (PATA) Travel Mart in 2023.
• This prestigious event will be held at the esteemed International Exhibition-cum-Convention Centre (IECC), located in Pragati Maidan, New Delhi.
• The Mart is scheduled to take place from October 4th to 6th, 2023.
• More information:
  • The Pacific Asia Travel Association (PATA), established in 1951 and headquartered in Bangkok, is a well-known non-profit association that is internationally recognized for its significant role in promoting responsible development within the travel and tourism industry in the Asia Pacific region.
  • The PATA Travel Mart is a highly regarded international trade exhibition that caters to the tourism sector.
  • It serves as a platform for facilitating trade interactions between global buyers and sellers, primarily from the Asia Pacific region.
  • This Mart brings together exhibitors and attendees from various sectors, providing a unique opportunity for networking, learning, and collaboration.

4. DR L. Murugan leads Indian Delegation at TIFF 2023

• During the opening ceremony of the 15th Tashkent International Film Festival on September 29th, India was represented by Dr. L. Murugan, the Minister of State for Information & Broadcasting.
• The Indian delegation included esteemed film producer and director Shri Umesh Mehra, as well as officials from the National Film Development Corporation (NFDC).

5. Hangzhou Asian Games, Bopanna-Bhosale win tennis mixed doubles gold

• In the tennis mixed doubles event at the Asian Games, Rutuja Bhosale showcased her exceptional skills at a crucial moment, while the experienced Rohan Bopanna displayed his solid performance with powerful serves.
• This remarkable comeback from a set down resulted in India winning the gold medal.
• This victory ensures that India will return from the Asian Games with at least one tennis gold medal, despite an otherwise disappointing campaign.

6. Indian trio of Sarabjot Singh, Arjun Singh Cheema & Shiva Narwal win gold in Men’s 10m air pistol team in Asian Games

• In the men’s 10m air pistol team event at the Asian Games, the trio of Sarabjot Singh, Arjun Singh Cheema, and Shiva Narwal secured the gold medal for India.
• Additionally, Anush Agarwalla achieved his second equestrian medal, a bronze, by ranking third in the dressage intermediate I freestyle event.

7. Uttar Pradesh Achieves 100% ODF Plus Coverage under Swachh Bharat Mission Grameen

• The State of Uttar Pradesh has achieved a significant milestone under the Swachh Bharat Mission (Grameen) Phase II, with all 95,767 villages in the State attaining ODF Plus status, marking a 100% achievement rate. This progress is noteworthy, as on 1st January 2023, only 15,088 villages in the State had been declared ODF Plus.
• More information:
  • An ODF Plus village is one that has sustained its Open Defecation Free (ODF) status while implementing either solid or liquid waste management systems.
  • Currently, 4.4 lakh (75%) villages across the nation have declared themselves ODF Plus, which is a significant step towards achieving the SBM-G phase II goals by 2024-25.
  • This achievement of 100% is marked during the ongoing Swachhata Hi Seva (SHS) – 2023 campaign, which is celebrated annually from 15th September to 2nd October under the Swachh Bharat Mission (Grameen), Drinking Water & Sanitation Department, Ministry of Jal Shakti.
  • The top-performing States/UTs that have achieved 100% ODF Plus villages are Andaman & Nicobar Islands, D&N Haveli, Goa, Gujarat, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Ladakh, Puducherry, Sikkim, Tamil Nadu, Telangana, and Tripura. Among States/ UTs, Andaman & Nicobar Islands, Dadra Nagar Haveli & Daman Diu, Jammu & Kashmir, and Sikkim have 100% ODF Plus Model villages.

8. India retains 40th rank in the Global Innovation Index 2023

• In the Global Innovation Index 2023 rankings published by the World Intellectual Property Organization, India retains its 40th rank out of 132 economies. Over the past several years, India has been on a rising trajectory in the Global Innovation Index (GII), from a rank of 81 in 2015 to 40 in 2023.
• More information:
  • The country ranked first among the 37 lower-middle group income and first among the 10 economies in Central and South America.
  • This year, the NITI Aayog, in partnership with the CII and the World Intellectual Property Organisation (WIPO), is hosting the India Launch of the GII 2023 virtually on 29th September 2023.
  • Switzerland, Sweden, the United States, the United Kingdom and Singapore are the world’s most innovative economies in 2023, according to WIPO’s Global Innovation Index (GII).
  • The GII 2023 uses 80 indicators to track global innovation trends.

9. HP partners with Google to manufacture Chromebooks for Indian market

• HP, a global PC manufacturer, has announced a partnership with technology giant Google to produce Chromebooks in India, in alignment with the government’s Make in India initiative.
• The devices will be manufactured at HP’s Flex Facility located near Chennai.
• The Chromebooks produced in India will be exclusively sold in the Indian market and will not be exported to other countries.

10. India’s external debt at $629.1 bn at Jun-end, debt-GDP ratio declines: RBI

• According to data from the Reserve Bank, India’s external debt increased slightly to USD 629.1 billion at the end of June 2023, although the debt-to-GDP ratio decreased.
• The debt increased by approximately USD 4.7 billion from USD 624.3 billion at the end of March.
• Lending to small, medium, and large industries also slowed to 6.1 per cent year-on-year in August 2023 from 11.4 per cent in August 2022.
• More information:
  • The largest component of India’s external debt remains US dollar-denominated debt, accounting for 54.4 per cent at the end of June 2023, followed by debt denominated in the Indian rupee (30.4 per cent), SDR (5.9 per cent), yen (5.7 per cent), and the euro (3.0 per cent).
  • Excluding the valuation effect, external debt would have increased by USD 7.8 billion instead of USD 4.7 billion at the end of June 2023 over the end of March 2023.
  • Credit growth to the services sector accelerated to 20.7 per cent year-on-year from 17.4 per cent a year ago, primarily due to non-banking financial companies (NBFCs) and commercial real estate.
  • Loans to NBFCs improved to 25.8 per cent in August 2023 from 25.5 per cent a year ago.
  • Bank loans to commercial real estate showed a substantial rise to 13.9 per cent year-on-year, up from 4.8 per cent a year ago.
  • Credit growth to agriculture and allied activities also improved to 16.6 per cent year-on-year in August 2023 from 13.4 per cent a year ago, according to the RBI.

11. Bank credit growth to dip to 13-13.5% in FY24, 13.5-14% in FY25: CRISIL

• CRISIL Ratings predicts that bank credit growth will decrease to 13-13.5 per cent in the current financial year before increasing to 13.5-14 per cent in FY25, compared with 15.9 per cent in FY23.
• The moderation of credit growth in FY24 is expected due to the anticipated decline in GDP growth 6 per cent from 7.2 per cent.
• More information:
  • Growth in wholesale credit, which accounts for around 60 per cent of credit, is seen slowing to 11-11.5 per cent in FY24 from a decadal high of 15 per cent. Retail credit, which comprises 28 per cent of bank credit, is expected to grow at a similar rate of 19-20 per cent as compared with FY23.

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So, these are all the current affairs 1 October 2023 (today). If you want to explore the full list (all CA), including current affairs 1 October 2023, please click on the link (Current Affairs).