10th and 11th October 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 10th and 11th October October 2021 covering the following news headlines: Nobel Prize in Economic Sciences, Doon Drone Mela, Satyajit Ray Award, Aryabhata Award, Vayalar Award, 6S Campaign.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 10th and 11th October October 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 16 Daily GK Updates: National & International News

Here is providing below the top 16 important Daily General Knowledge GK 2021 updates with national & international news.

National News

1. Jyotiraditya M. Scindia flags off the Doon Drone Mela

• Union Minister of Civil Aviation,  Jyotiraditya M. Scindia has flagged off the Doon Drone Mela 2021 in Dehradun, Uttarakhand. Minister flagged off the event with a paragliding demonstration and also interacted with the drone companies exhibiting their prototypes at the Doon Drone Mela.
• The day marked the demonstration of the Drone & Aerosports Demonstrations that included a paragliding demonstration by the Border Security Force, a Paramotor demonstration by Harsh Sachan, and an agriculture spraying drone demonstration by IoTechWorld Aviation & Dhaksha.

State News

2. Bathukamma festival begins in Telangana

• The nine-day floral festival has begun in Telangana. The festival began with excitement as the women were dressed in traditional clothes and colourful processions were carried out in Telangana, the Bathukamma festival is celebrated during Durga Navratri.
• Bathukamma festival begins on the day of Mahalaya Amavasya and the festival continues till nine days, ending on the day of Durgashtami.

Important takeaways for all competitive exams:

• Telangana Capital: Hyderabad;
• Telangana Governor: Tamilisai Soundararajan;
• Telangana Chief minister: K. Chandrashekar Rao.

Banking News

3. PNB launches ‘6S Campaign’ under customer outreach programme

• Punjab National Bank (PNB) has launched ‘6S Campaign’ under a customer outreach programme to extend financial services at a concessional rate during the festival season.
• The ‘6S Campaign’ encapsulates different schemes such as – Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat.
• The objective is to drive a special awareness campaign for the development of financial services in the country and to accelerate credit growth, improve penetration of social security schemes and drive digital banking push.

Important takeaways for all competitive exams:

• Punjab National Bank Headquarters: New Delhi.
• Punjab National Bank MD and CEO: S. S. Mallikarjuna Rao.
• Punjab National Bank Founded: 19 May 1894, Lahore, Pakistan.

Economy News

4. FICCI projects 9.1% GDP growth for FY22

• India’s GDP is expected to grow at 9.1 per cent in 2021-22 as the economic recovery, post the second wave of the pandemic, seems to be holding ground.
• The survey was conducted in September 2021 and drew responses from leading economists representing the industry, banking and financial services sector.
• FICCI’s Economic Outlook Survey also noted that the ongoing festive season would support this momentum.

Important takeaways for all competitive exams:

• FICCI Founded: 1927;
• FICCI Headquarters: New Delhi;
• FICCI President: Harshavardhan Neotia;
• FICCI CEO: Sangita Reddy.

Business News

5. Reliance New Energy Solar acquires REC Solar Holdings

• Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has acquired 100 per cent shareholding of REC Solar Holdings AS (REC Group), a Chinese state-owned solar power company.
• RNESL has acquired the REC Group from China National Bluestar (Group) Co Ltd., for an Enterprise Value of $771 million.
• This acquisition will enable Reliance to move closer to achieve the goal of generating 100GW of solar energy by 2030, and in turn, support the country’s global goal to produce 450GW of renewable energy by 2030.
• REC Group has three manufacturing facilities, two in Norway for making solar-grade polysilicon and one in Singapore making PV cells and modules. With this acquisition, RNESL will become the owner of REL’s three manufacturing facilities.

Important takeaways for all competitive exams:

• RNESL Headquarters location: Mumbai;
• RNESL Founded: 2021.

Awards News

6. The Nobel Prize in Economic Sciences 2021 announced

• The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 with one half to David Card (University of California, Berkeley, USA) “for his empirical contributions to labour economics”.
• The other half jointly to Joshua Angrist (Massachusetts Institute of Technology, Cambridge, USA) and Guido Imbens (Stanford University, USA) “for their methodological contributions to the analysis of causal relationships”.
• The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.

7. Telugu Filmmaker B Gopal Chosen for Satyajit Ray Award

• Well-known Telugu filmmaker B Gopal, alias Bejawada Gopal, has been chosen for the fourth Satyajit Ray Award for his overall contribution to Indian cinema. Gopal has directed 30 films Telugu films and two Hindi movies.
• He was selected by a panel comprising Malayalam filmmaker Balu Kiriyath, music director Perumbavoor G Raveendranath and others.
• The award is instituted by the Satyajit Ray Film Society Kerala, a state-based organisation, the award comprises Rs 10,000 cash prize, a memento, and a plaque.

8. Astronautical Society of India Confers Aryabhata Award to G Satheesh Reddy

• Secretary DDR&D and Chairman DRDO Dr G Satheesh Reddy has been conferred the prestigious Aryabhata Award by the Astronautical Society of India (ASI) for his outstanding lifetime contribution to the promotion of astronautics in India.
• Dr Reddy is a pioneer in the area of R&D of advanced avionics, navigation, and missile technologies. Dr Reddy has contributed immensely to strategic and tactical missile systems and helped the country become self-reliant in critical defence technologies.
• He is an institution builder and has set up mechanisms to establish robust defence development and production ecosystem.

Important takeaways for all competitive exams:

• President of Astronautical Society of India: Dr K Sivan;
• The Astronautical Society of India (ASI) was set up in 1990;
• Astronautical Society of India HQ: New Delhi.

9. Malayalam writer Benyamin bags Vayalar Award

• Well-known Malayalam writer Benyamin has bagged the 45th Vayalar Ramavarma Memorial Literary Award for his book “Manthalirile 20 Communist Varshangal”.
• The prestigious award, instituted by the Vayalar Ramavarma Memorial Trust, comprises a cash prize of Rs 1 lakh, a sculpture designed by renowned sculptor Kanayi Kunhiraman and a citation.
• A political satire, the novel revolves around a nondescript village called Manthalir and the influence of religion and politics in its culture in two decades. It was chosen for recognition by an expert panel comprising writers K R Meera, George Onakkoor and C Unnikrishnan.

Sports News

10. Valtteri Bottas Wins Turkish Grand Prix 2021

• Valtteri Bottas (Mercedes-Finland) has won the F1 Turkish Grand Prix 2021, held on October 10, 2021. This is his first title of this season.
• Max Verstappen (Red Bull – Netherlands) came second while Sergio Perez (Mexico- Red Bull) finished third. Meanwhile, Lewis Hamilton finished fifth.

Important Days

11. World Day Against the Death Penalty: 10 October

• The World Day Against the Death Penalty is observed every year on 10 October. It is a day to advocate for the abolition of the death penalty and to raise awareness of the conditions and the circumstances which affect prisoners with death sentences.
• The theme for 2021 is “Women Sentenced to Death: An Invisible Reality.”
• The day was first organised by the World Coalition Against the Death Penalty in 2003. 2021 marks the 19th World Day Against the Death Penalty.

12. World Mental Health Day: 10 October

• World Mental Health Day is observed every year on 10 October globally for global mental health education, awareness and advocacy against social stigma.
• The overall objective of World Mental Health Day is to raise awareness of mental health issues around the world and to mobilize efforts in support of mental health. The theme for World Mental Health Day 2021 is ‘Mental health in an unequal world’.
• World Mental Health Day was first observed on October 10, 1992, as an annual activity of the World Federation for Mental Health.
• The Day provides an opportunity for all stakeholders working on mental health issues to talk about their work, and what more needs to be done to make mental health care a reality for people worldwide.

13. National Postal Day: 10 October

• In India, the National Postal Day is celebrated annually on 10 October, as an extension of World Post Day, which is celebrated on 9 October.
• The Day aims to commemorate the role played by the Indian postal department for the past 150 years, which was founded in 1854 by Lord Dalhousie.
• Indian postal service is an integral part of India. The postal services in India have given the best performance despite the diversity in culture, tradition and difficult geographical terrains.

Important takeaways for all competitive exams: 

• Indian Post Secretary: Vineet Pandey.
• Indian Post Headquarters: New Delhi.

14. International Day of the Girl Child: 11 October

• The International Day of the Girl Child (also known as Day of Girls and the International Day of Girls) is observed annually on October 11 since 2012.
• This international observance day was declared by the United Nations to raise awareness of issues facing girls internationally surrounding education, nutrition, child marriage, legal and medical rights.
• The theme for 2021 International Day of the Girl Child is “Digital generation. Our generation”.

Obituaries News

15. ‘Father of Pakistan’s nuclear bomb’ A. Q. Khan passes away

• Dr Abdul Qadeer Khan, the man regarded as the “Father of Pakistan’s nuclear bomb”, has passed away, He was 85.
• The atomic scientist, Dr Khan was hailed as a national hero for transforming Pakistan into the world’s first Islamic nuclear power and for his contributions in enhancing the country’s defence capabilities.

16. Abolhassan Banisadr, Iran’s first president passes away

• Abolhassan Banisadr, Iran’s first president after the country’s 1979 Islamic Revolution who fled Tehran after being impeached for challenging the growing power of clerics as the nation became a theocracy, died. He was 88.
• He was elected president in 1980, Banisadr was impeached 16 months after taking office for challenging the growing power of clerics.
• Banisadr then served as Iran’s minister of economics and foreign affairs and, with the help of the Islamic clergy, became president. He faced huge difficulties from the start, including the US embassy hostage crisis and the Iran-Iraq war but, above all, the opposition of fundamentalist clerics.