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Current affairs of 8th October, 2021

Read the important news headlines of October 8th, 2021 : PM MITRA Parks, Swechha programme, Fishwaale, NARCL, Euro 2024 championship.

For banking or other competitive examination, Daily Current Affairs Updates are combined with essential news that hit the current affairs headlines. The Daily Current Affairs Update is a comprehensive collection of significant news that is updated throughout the day. One should be well-versed in banking terms, current events, and so forth. So, here is the Current Affairs for October 8th, 2021 , to assist you in preparing for the Current Affairs section.

Below are the important Daily Current Affairs of 2021 updates with National and International news.

  • National News

    1. The Centre has sanctioned the establishment of seven new mega textile parks, or PM MITRA parks, across the country in an effort to boost the textile sector's growth and place India firmly on the global textile map.

    ● The Prime Minister's Mega Integrated Textile Region and Apparel Parks (PM MITRA) will be based on the Hon'ble Prime Minister's 5F vision.
    ● Farm to fibre; fibre to factory; factory to fashion; fashion to abroad is the ‘5F' Formula.
    ● These parks will be built on greenfield and brownfield sites around the country by a Special Purpose Vehicle (SPV) that will be jointly controlled by the state government and the Indian government in a Public-Private Partnership (PPP) model.
    ● The total outlay for the project has been set at Rs 4,445 crore for five years.

    2. A rice type extensively grown in Wada, Palghar district, has been given a 'Geographical Indication' label, giving it a distinct identity as well as access to new markets.

    ● Wada Kolam rice, also known as Zini or Jhini rice, is a traditional variety grown in Palghar's Wada tehsil, with an off-white grain.
    ● Wada Kolam rice sells for Rs 60-70 per kg in domestic markets and has a considerable international market.
    ● Palghar has been growing Wada Kolam for many years.
    ● It's noted for its small grain, scent, and flavour, as well as the fact that it's easy to digest.
    ● It's free of gluten.
    ● It is, however, a low-yielding crop.

    3. Y.S. Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, has introduced the 'Swechha' campaign to combat the stigma associated with menstruation, prioritise female personal cleanliness, and stimulate a healthy information exchange.

    Swechha (meaning freedom) aims to provide adolescent girls and women with affordable access to health and menstrual hygiene.
    ● Female students at government educational institutions will receive free high-quality branded sanitary napkins from the state government.
    ● At a cost of INR 32 crores, ten sanitary napkins will be distributed every month to about 10 lakh teenage girls in all government schools and intermediate colleges in the state.
    ● Every female student is given a total of 120 napkins per year, and even during summer holidays, students are given their quota before leaving school.

    4. Parimal Suklabaidya, Assam's Minister of Fisheries, Environment, Forestry, and Excise, has established Fishwaale, India's first e-fish market.

    ● Table-size fish including bhangon, mrigal, and rohu, as well as freshwater and seawater frozen fish (icebox), as well as dry fish packets, dry fish raw, fish pickles, and processed fish goods, would be available.
    ● The software was developed by Aqua Blue Global Aquaculture Solutions Pvt. Ltd. in partnership with the fisheries department, and the minister described it as a "one-stop solution for aquaculture" that will benefit both buyers and sellers at a function held at Sri Madhabdev Bhawan auditorium.
    ● This platform will assist the fish farming community in obtaining a fair price for their products and will eliminate the need for middlemen.

    5. Following an improvement in the financial sector and a faster-than-expected economic recovery across sectors, Moody's Investors Service upgraded India's sovereign rating outlook to ‘stable' from 'negative' on October 5, 2021.

    ● Over the medium run, Moody's estimates real GDP growth to average about 6%, reflecting a return in activity to potential levels as conditions normalise.
    ● While Moody's kept India's rating at Baa3, the lowest investment grade rating, it said it expected real GDP to exceed pre-pandemic levels in 2019-20 this year, as the current economic recovery gains traction and activity increases across sectors.
    ● It expects 2021-22 to record 9.3% growth in GDP, followed by 7.9% next year.

    6. The Reserve Bank of India (RBI) has approved NARCL's application to register as an asset rehabilitation company (ARC).

    ● Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002 grants the licence.
    ● According to Section 3 of the SARFAESI Act, a company can engage in asset reconstruction only after obtaining a certificate of registration from the RBI and having an owned fund of not less than Rs 2 crore or such other amount that does not exceed 15% of total financial assets acquired or to be acquired by the securitisation company or reconstruction company.
    ● The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in NARCL.

  • Awards And Honours

    7. Abdulrazak Gurnah, a Zanzibar native who now lives in England, was given the Nobel Prize in Literature in 2021 "for his uncompromising and compassionate comprehension of the ravages of colonialism and the fate of the refugee in the gulf between cultures and continents."

    ● The Swedish Academy in Stockholm, Sweden, bestows the Nobel Prize in Literature.
    ● Born in Zanzibar in 1948, the Tanzanian novelist has resided in the United Kingdom and Nigeria.
    ● His most renowned novel, Paradise, which was shortlisted for the Booker Prize in 1994, is written in English.
    Gurnah is now based in the United Kingdom, where she teaches English Literature at the University of Kent.
    ● He was Professor of English and Postcolonial Literatures at the University of Kent, Canterbury, until recently, and is the author of ten novels and a collection of short tales.

    8. UNICEF's global flagship publication "The State of the World's Children 2021; On My Mind: Promoting, Protecting, and Caring for Children's Mental Health" was released in New Delhi by Union Health Minister Mansukh Mandaviya.

    ● The paper goes into great depth about the devastating effects of the COVID-19 pandemic on children's mental health.
    ● Addressing mental health as an integral aspect of developing a healthy society is critical.
    ● Teachers, along with parents and families, are critical players in addressing mental health issues, according to Mansukh.
    Dr. Yasmin Ali Haque, UNICEF India Representative, shared some of the report's important findings.
    ● According to the research, 1 in 7 Indian 15 to 24-year-olds reported feeling gloomy or having little interest in doing things on a regular basis

  • Important Days

    9. On the 7th of October, the world celebrates World Cotton Day (WCD).

    ● Cotton's virtues as a natural fibre, as well as the benefits individuals get from its production, processing, commerce, and consumption, are all celebrated on this international day.
    ● The Group of Cotton-4 countries, namely Benin, Burkina Faso, Chad, and Mali, founded WCD Day to highlight the importance of cotton as a worldwide commodity.
    ● In 2019, four cotton producers in Sub-Saharan Africa – Benin, Burkina Faso, Chad, and Mali, collectively known as the Cotton Four – submitted to the World Trade Organization that October 7 be designated as World Cotton Day.

  • Obituary

    10. Arvind Trivedi, a veteran television actor best known for his legendary portrayal as demon-king Raavan in Ramanand Sagar's TV series Ramayan, has died.

    ● He was 82 years old at the time.
    ● He was also a politician, serving in the Gujarat Parliament from 1991 to 1996 as an MP for the Sabarkatha seat.
    ● From 2002 to 2003, he was the acting chairman of the Central Board of Film Certification (CBFC).

  • Sports

    11. During a ceremony with a light show in the stadium that will host the final, Germany unveiled the emblem for soccer's 2024 European Championship.

    ● The Henri Delaunay Cup — the bulbous tournament trophy — is outlined on a coloured circular outline that recalls the Olympiastadion's roof in the logo.
    ● It is decorated with the colours of the flags of UEFA's 55 member countries, which are cut into 24 slices around the trophy to signify the 24 teams that will qualify for the tournament in Germany.
    ● Each of the ten host towns' logos were also displayed: Berlin, Cologne, Dortmund, Düsseldorf, Frankfurt, Gelsenkirchen, Hamburg, Leipzig, Munich, and Stuttgart.
    ● The tournament is due to be played in June and July 2024 with the match schedule to be confirmed next year.