Daily Current Affairs 03rd October 2024, Important News Headlines (Daily GK Update)

National News

Swachh Bharat Mission Completes 10 Years Since Its Implementation

A clean India (Swachh Bharat) would be the best tribute India could pay to Mahatma Gandhi on his 150 birth anniversary in 2019,” said Shri Narendra Modi as he launched the Swachh Bharat Mission at Rajpath in New Delhi. On 2nd October 2014, Swachh Bharat Mission was launched throughout the length and breadth of the country as a national movement.

International News

Italy Hosts G7 Call to Address Middle East Crisis

On October 2, 2024, Italian Prime Minister Giorgia Meloni convened a call of G7 leaders to discuss the escalating crisis in the Middle East. Italy, holding the rotating presidency of the G7, emphasized its commitment to finding a diplomatic solution amidst growing tensions, particularly focusing on the Israeli-Lebanese border and Iran’s missile attack on Israel.

UN Chief Guterres Banned to Enter in the Israel

Foreign Minister of Israel Katz announced that they decided to declare the U.N. Secretary-General António Guterres an undesirable personality in Israel and to ban his entry into Israel. Israel has declared UN chief António Guterres banning him from entry for “failing” to condemn Iran’s missile attacks on Israel.

Harpoon Anti-Ship Missile Systems From US arrived in Taiwan

The first shipment of 100 land-based Harpoon anti-ship missile systems ordered from the United States has reportedly arrived in Kaohsiung, Taiwan, marking a significant milestone in the island’s defense capabilities. The equipment was unloaded at Kaohsiung Port on September 27.

State News

Women Entrepreneurship Platform in Telangana Launched By NITI Aayog

In a groundbreaking initiative to further strengthen the ecosystem for women entrepreneurs in Telangana, NITI Aayog, in collaboration with Telangana government, launched the first State chapter of Women Entrepreneurship Platform (WEP), with WE Hub serving as the nodal organization. To promote and support women entrepreneurs across various sectors, providing them with resources, tools, and a robust network to enhance their business growth.

Projects worth Rs 83,700 Crore Has Been Unveiled By PM in Jharkhand

Honorable Prime Minister of India Shri. Narendra Modi unveiled the developmental projects worth Rs. 83,700 crore in Jharkhand. Including the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan for tribal development. He launched this project on the day of Gandhi Jayanti. And also laid the foundation stone for multiple projects.

Appointments News

MV Shreyams Kumar New President of Indian Newspaper Society

The Indian Newspaper Society (INS), a premier organization representing the print media industry in India, has announced significant leadership changes for the year 2024-25, marking a new chapter in its illustrious history of safeguarding press freedom and promoting print media interests.

Banking News

RBI Monetary Policy Committee Reshuffling: A Comprehensive Analysis

The Indian government has made a significant move in monetary policy governance by appointing three new external members to the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC). This decision comes at a crucial juncture, just days before a key policy meeting scheduled for October 9.

The New External Members

1. Ram Singh – Currently serving as the Director of Delhi School of Economics, University of Delhi
2. Saugata Bhattacharya – A distinguished economist known for his expertise in monetary policy
3. Dr. Nagesh Kumar – The Director and Chief Executive of the Institute for Studies in Industrial Development, New Delhi

Outgoing Members

The new appointments will replace three veteran economists whose four-year terms expire on October 4:

• Ashima Goyal – Professor from Mumbai
• Jayanth Varma – Professor at IIM-Ahmedabad
• Shashanka Bhide – Senior Adviser based in New Delhi

Economy News

Finance Ministry Introduces New Norms for Handling Delayed Tax Refund Claims

The Ministry of Finance has released comprehensive guidelines to streamline the handling of delayed tax refund claims and loss carry forward applications. These guidelines aim to reduce bureaucratic delays, especially in cases where taxpayers missed filing their income tax returns (ITR) but had refunds due. A tiered authority system and specific time limits have been introduced, making the process smoother and quicker.

GST Collections in September 2024: Slowest Growth in 40 Months

India’s Gross Goods and Services Tax (GST) collections hit a 40-month low in September 2024, growing by just 6.5% to ₹1.73 lakh crore. Net GST receipts rose by 3.9%, marking the slowest growth in the current financial year. Despite this, net collections were marginally up by 1.5% compared to August. The slowdown is attributed to weaker revenue growth from domestic transactions and imports, though imports saw a growth of 8%. GST refunds surged significantly, with overall refunds rising 31% compared to a 38% rise in August.

Finance Ministry Introduces New Norms for Handling Delayed Tax Refund Claims

The Ministry of Finance has released comprehensive guidelines to streamline the handling of delayed tax refund claims and loss carry forward applications. These guidelines aim to reduce bureaucratic delays, especially in cases where taxpayers missed filing their income tax returns (ITR) but had refunds due. A tiered authority system and specific time limits have been introduced, making the process smoother and quicker.

Defence News

On October 1st The Military Nursing Service (MNS) marked its 99th Raising Day

The Military Nursing Service (MNS) marked its 99th Raising Day on Oct 1, 2024 with solemnity and pride. Maj Gen Ignatius Delos Flora, Additional Director General of Military Nursing Services laid a wreath at the National War Memorial, in the presence of senior MNS officers and veterans.

Summits and Conferences News

Italy Hosts G7 Call to Address Middle East Crisis

On October 2, 2024, Italian Prime Minister Giorgia Meloni convened a call of G7 leaders to discuss the escalating crisis in the Middle East. Italy, holding the rotating presidency of the G7, emphasized its commitment to finding a diplomatic solution amidst growing tensions, particularly focusing on the Israeli-Lebanese border and Iran’s missile attack on Israel.

Schemes News

Launch of PM E-DRIVE Scheme: A New Milestone in India’s Electric Mobility

The Ministry of Heavy Industries launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme on 11th September 2024, at Bharat Mandapam, New Delhi, marking a pivotal shift in India’s electric mobility efforts. The scheme, with a financial outlay of ₹10,900 crore for two years, aims to accelerate EV adoption and build critical infrastructure nationwide, aligning with Prime Minister Modi’s vision for net-zero emissions by 2070.

Dharti Aaba Janjatiya Gram Utkarsh Abhiyan Scheme Launched by PM

Prime Minister Shri Narendra Modi launched the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA), on the occasion of the birth anniversary of Mahatma Gandhi, from Hazaribagh, Jharkhand  The scheme has a total outlay of Rs.79,156 crores with the contribution from Central government is Rs.56,333 crore and State government is Rs. 22,823 crore.

Sports News

India to Host Historic First-Ever Kho Kho World Cup in 2025

Kho Kho Federation of India (KKFI) in collaboration with the International Kho Kho Federation revealed plans to organize the inaugural Kho Kho World Cup in India come 2025. This historic event marks a significant milestone in the journey of this traditional Indian sport toward global recognition.

An Unbeaten Run Helps To Win SAFF Men’s U-17 Championship 2024

The Indian Men’s Football U-17 (Under 17) lifted the SAFF (South Asian Football Federation) Men’s U-17 Championship after defeating Bangladesh in the final game of the tournament. The final was played at the Changlimithang Stadium in Thimphu, Bhutan. An unbeaten run throughout the tournament after winning the title is like cherry on top for Indian Football.