Current Affairs in English – OCTOBER-16, 2021

Current Affairs in English – OCTOBER-16, 2021


OCTOBER – 16, 2021


Multi-modal logistics park

  • A Memorandum of Understanding (MoU) to set up a multi-modal logistics park (MMLP) at Mappedu in Tiruvallur district was signed.
  • It was signed between Tamil Nadu Industrial Development Corporation (TIDCO), National Highways Logistics Management Limited (NHLML) and the Chennai Port Trust (CPT).
  • The MMLP, to be set up close to Chennai Peripheral Ring Road, would connect Chennai airport, Chennai port, Kamarajar port and Kattupalli port.
  • Supreme Court on National Green Tribunal

    • The Supreme Court in a landmark judgement noted that the “National Green Tribunal does have Suo moto powers and it can hear environmental issues on its own”.
    • This order came even though the Union government said NGT does not have powers to hear environmental cases on its own.
    • The NGT was established on October 18, 2010 under the National Green Tribunal Act 2010.


US Indigenous People’s Day

  • The American President Joe Biden has proclaimed October 11 as “Indigenous Peoples’ Day”.
  • He has become the first U.S. president to formally recognize this day.
  • Indigenous Peoples’ Day is typically observed on the second Monday of October.
  • This Day recognizes the Indigenous communities who have lived in the United States for thousands of years.


World Economic Outlook

  • It was published by the International Monetary Fund (IMF).
  • The report improved its growth forecasts of the Latin American and Caribbean economy in the year 2021.
  • According to IMF, the world economy will grow by 9% in 2021.
  • In July 2020, it expected an increase of 6%.
  • The Growth is still conditioned by the prolongation of the covid-19 pandemic.
  • IMF projected the growth rate by 4.9% in 2022.

Unity Small Finance Bank

  • The Reserve Bank of India has granted a banking licence to Unity Small Finance Bank Ltd (USFBL).
  • The bank was established jointly by Centrum Financial Services Ltd (CFSL) and Resilient Innovations Private Limited (BharatPe).
  • It is the first time ever that two partners are uniting equally to build a Bank.


Signals from outside of Solar System

  • The Low-Frequency Array (LOFAR), the world’s most powerful radio antenna located in the Netherlands picked up signals from planets outside of Solar System.
  • For the first time, they detected signals from 19 distant red dwarfs.
  • 4 of which have been recognized to have planets orbiting them.
  • This phenomenon hints towards the presence of hidden planets around these stars.
  • This technique could also answer the question if there is life in or beyond Solar System other than Earth.


Junior World Championship – Indian Shooters

  • The 2021 International Shooting Sport Federation (ISSF) Junior World Championship Rifle/Pistol/Shotgun was held at Lima in Peru.
  • The Indian shooters claimed a historic win with 43 medals to stand atop the medal table.
  • These included 17 Gold, 16 Silver and 10 Bronze medals.
  • The USA finished second on the medal table with 21 medals including six gold, eight silver and six bronze.
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