ALL EXAM QUIZ 12.10.2023

Explanation:

• Insurance Regulatory and Development Authority of India (IRDAI) stated that it would deploy Bima Vahaks in every Gram Panchayat before December 31, 2024.

• As per the guidelines, each insurer will endeavor to engage individual insurance carriers and/or corporate Bima Vahaks with a focus on progressively achieving coverage of each Gram Panchayat.

Explanation:

• Hong Kong were flooded because Typhoon Koinu caused torrential rain overnight.
• It was the second time in a month that city authorities had sent out a rain warning, the highest in Hong Kong.
• More than 150 millimetres of rainfall were felt early hours across much of the region, and parts of urban Hong Kong Island received more than 300 millimeters of rainfall.
• According to the Hong Kong Observatory, Koinu was moving west-southwest at around 10 kph (6 miles per hour) while crossing the west coast of China's Guangdong province.
• China's national forecaster issued storm and typhoon warnings and suspended schools in various districts of Guangdong, including the city of Zhuhai.

Explanation:

• IMF predicted that India’s GDP growth would be 6.3% in FY 2024. It raised India’s GDP growth forecast by 20 basis points.
• It has increased the GDP forecast due to stronger consumption between April and June.
• IMF had projected a growth rate of 6.1 per cent for India in FY24.
• IMF’s latest World Economic Outlook (WEO) kept its global growth forecast unchanged at 3 per cent for 2023.
• The global growth projection for 2024 will be 2.9 per cent.

Explanation:

• 23rd Council of Ministers' Meeting will start on October 11, 2023, in Colombo.
• Sri Lanka will hold the chairmanship of the association from 2023 to 2025.
• Bangladesh's Foreign Minister will hand over the chairmanship to Sri Lanka's Foreign Minister M.U.M. Ali Sabry.
• Sri Lanka’s Foreign Ministry said that member countries will hold discussions on collaboration in various sectors, including trade and investment, maritime safety and security, fisheries management, disaster risk management, etc.

Explanation:

• International Day of the Girl Child is observed every year on 11 October to recognize girls’ rights.
• On December 19, 2011, the United Nations General Assembly adopted the resolution to declare October 11 as the International Day of the Girl Child.
• This day focuses attention on the need to address the challenges girls face.
• It also focuses attention on the need to promote girls’ empowerment and the fulfilment of their human rights.
• The theme of this year’s International Day of the Girl is "Invest in Girls' Rights: Our Leadership, Our Well-being".

Explanation:

• India’s net direct tax collections rose 21.8% to 9.57 Lakh Crore.
• The net collections have reached 52.5 per cent of the full-year budget estimates (BE) of ₹ 18.23 lakh crore.
• India’s net direct tax collections grew 21.8% to ₹9.57 lakh crore till October 9.
• The personal income tax revenue has increased by 32.5% and corporate taxes have risen by 12.4%.
• Refunds amounting to ₹ 1.50 lakh crore have been issued from 1 April 2023 to October 9, 2023.
• In the period from April 1 to October 9, India's gross direct tax collection increased by 17.95 per cent on the year to Rs 11.07 lakh crore.
• The gross revenues in 2022-23 were 22 per cent higher on a yearly basis.
• In the last few years, various efforts have been made to increase the tax base and improve compliance.

Explanation:

• 16th edition of the Landscape and Gardening Expo has been inaugurated by actress Varsha Usgaonkar.
• The Landscape and Gardening Expo 2023 is being hosted by Mumbai.
• Firms dealing in horticulture development, Darjeeling orchid plants, bonsai, ornamental flowers, green roof systems, nursery products, soil substitutes, etc are participating in the event.
• A ‘Global Conference on Urban Green Living Concepts’ will be also organized.
• It will be organized at the Bombay Exhibition Center, NESCO in Goregaon from 10-12 October.
• It is being jointly organized by the gardens department of the Municipal Corporation of Greater Mumbai, the World Council on Urban Green Living Concepts, and Tree Culture.

Explanation:

• The bilateral talks between Defence Minister Rajnath Singh and his Italian counterpart Guido Crosetto were held in Rome.
• India and Italy signed a defence cooperation agreement to promote cooperation in varied defence domains including security and defence policy, R&D, education in the military field, maritime domain awareness, sharing of defence information and industrial cooperation.
• Defence Minister Rajnath Singh is on a visit to Italy and France from October 9 to 12.
• Both sides discussed defence cooperation issues, including training, sharing of information, maritime exercises and maritime security.
• India and Italy's relationship was elevated to Strategic Partnership in March 2023.

Explanation:

• Kenya’s Kelvin Kiptom broke the men’s world record at the Chicago Marathon on Sunday by clocking just two hours and 35 seconds. He broke the previous record set by Eliud Kipchoge at the 2022 Berlin Marathon.
• Kelvin Kiptum’s journey to the top of marathon running has been nothing short of extraordinary. This young player from Kenya had earlier won his first two marathon matches.

Explanation:

• International Girl Child Day is celebrated every year on 11 October. The purpose of celebrating this day is to explain the importance of daughters.
• The main objective of International Girl Child Day is to create awareness about the challenges faced by women and the protection of their rights.
• Apart from this, on the occasion of Girl’s Day, the aim is to create awareness about the challenges faced by women and the protection of their rights.