Daily GK Update - 09th October 2023 Current Affairs

                         Current Affairs

                        National Affairs

Biden orders US ships, warplanes to move closer to Israel

• Amidst a recent attack by the Palestinian terrorist organization Hamas, President Joe Biden has promptly demonstrated solidarity with Israel.
• Amidst a recent attack by the Palestinian terrorist organization Hamas, President Joe Biden has promptly demonstrated solidarity with Israel. Given its role as a key arms provider to Israel, the United States is dispatching military reinforcements and aid to strengthen Israel’s defense capabilities.

Indian Foreign Service (IFS) Day 2023: Date, History and Significance

• Indian Foreign Service (IFS) Day is an annual celebration held on October 9th. This special day honors the establishment of the Indian Foreign Service.

RBI doubles UCB gold loan limit to ₹4 lakh

• The Reserve Bank of India (RBI) has made an important announcement regarding gold loans offered by urban cooperative banks (UCBs). They have decided to double the lending limits for gold loans under a specific repayment scheme.

           India Nation and State

National Framework for Climate Services (NFCS)

• India is embarking on a groundbreaking initiative led by the India Meteorological Department (IMD) known as the National Framework for Climate Services (NFCS). This comprehensive program aims to provide climate services and information to various sectors, including agriculture, energy, disaster management, health, and water resources.

Open Market Operation (OMO) Sale of Government Securities

• The Reserve Bank of India (RBI) recently made an unexpected announcement regarding the consideration of Open Market Operation (OMO) sales of government securities. While the RBI did not specify a timeline for this move, it caught the bond market by surprise, leading to a sudden increase in the yield on benchmark 10-year government bonds.

                        Defence News

Indian Navy’s 360 Degree Appraisal Mechanism

• The Indian Navy has recently implemented a groundbreaking ‘360 Degree Appraisal Mechanism’ for its promotion boards.
• This transformative initiative aims to address the limitations of the existing assessment process by incorporating feedback from peers and subordinates.

Territorial Army Enhances Linguistic and Cyber Capabilities for Border Talks

• The TA has recently added a batch of five Mandarin language experts to its ranks. These experts will play a vital role as interpreters during Border Personnel Meetings (BPMs) between Indian and Chinese military personnel. Their presence aims to bridge the linguistic gap and enhance the understanding of discussions from India’s perspective. Importantly, these experts may also serve in various other capacities beyond BPMs.

Miura-1 Rocket: Europe’s First Private Rocket launch

• Spanish aerospace company PLD Space has achieved a significant milestone by successfully launching its recoverable Miura-1 rocket. This achievement marks Europe’s first fully private rocket launch and offers a glimmer of hope for Europe’s space ambitions. The Miura-1 rocket, named after a fighting bull, conducted a suborbital test flight with the goal of gathering crucial data for future missions.