Daily Current Affairs 25th October 2021 For All Government Examinations

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PM Modi inaugurates 9 Medical Colleges in Siddharth Nagar, UP

Uttar Pradesh Elections 2022: Prime Minister Narendra Modi inaugurated 9 Medical Colleges in Siddharth Nagar, UP. These nine medical colleges are in the districts of Siddharthnagar, Etah, Hardoi, Pratapgarh, Fatehpur, Deoria, Ghazipur, Mirzapur and Jaunpur. Governor Anandiben Patel and Chief Minister of Uttar Pradesh Yogi Adityanath Union Minister for Health and Family Welfare were also present on the occasion.

PM Modi launches PM Ayushman Bharat Health Infrastructure Mission

Prime Minister Narendra Modi launched PM Ayushman Bharat Health Infrastructure Mission. He also inaugurated various development projects worth around Rs 5200 crore for Varanasi. Governor and Chief Minister of Uttar Pradesh, Union Ministers, Dr Mansukh Mandaviya, Dr. Mahendra Nath Pandey, State Ministers and people’s representatives were among those present on the occasion.

Bangladesh Naval Chief Admiral M Shaheen Iqbal official visit to India, from 23 – 29 Oct 21

Admiral M Shaheen Iqbal, Chief of Naval Staff, Bangladesh Navy, is on an official visit to India, from 23 – 29 Oct 21. At New Delhi, Admiral Shaheen Iqbal will interact with the Chief of Naval Staff, in addition to the Chief of Defence Staff and other high-ranking Gol officials.

During the bilateral interactions, issues relating to joint cooperative efforts like Coordinated Patrol along International Maritime Boundary Line, bilateral exercise BONGOSAGAR, conduct of naval training and reciprocal visits of delegations would be discussed.

Raksha Mantri Rajnath Singh chairs Ambassadors’ Round Table for DefExpo 2022

Raksha Mantri Rajnath Singh chaired the Ambassadors’ Round Table for DefExpo 2022, in New Delhi on October 25, 2021. The Round Table was aimed to brief the Ambassadors of foreign missions about the planning, arrangements and other details of DefExpo 2022, which will be held in Gandhinagar, Gujarat between March 10-13, 2022.

More than 200 delegates, including Ambassadors, Heads of Missions and Defence Attaches attended the Round Table, reflecting the growing global interest in the Indian Defence space. Chief of Defence Staff General Bipin Rawat, Chief of Air Staff Air Chief Marshal VR Chaudhari, Secretary (Defence Production) Raj Kumar and other senior officials of Ministry of Defence & Government of Gujarat were also present.

Government launches the Green Day Ahead Market (GDAM)

R K Singh, Union Minister of Power & New and Renewable Energy, launched the new market segment, Green Day Ahead Market (GDAM).

The launch of the green day-ahead market will deepen the green market and will provide competitive price signals, besides offering an opportunity to the market participants to trade in green energy, in the most transparent, flexible, competitive, and efficient manner.

The market-based competitive prices will provide another option to renewable generators to sell power as well as accelerate the renewable capacity addition towards the Government’s vision of building India as a sustainable and efficient energy economy.

The introduction of GDAM is expected to create a domino effect that will lead to a gradual shift from PPA based contract to market-based models which will build and deepen the markets to the next level, paving the way for India to meet its ambitious target of 450 GW green capacity by 2030.

CCI approves acquisition of Parexel International Corporation by Phoenix Parentco Inc.

The Competition Commission of India (CCI) approves acquisition of Parexel International Corporation by Phoenix Parentco, Inc.

The proposed combination envisages acquisition of 100% of the equity shareholding of Parexel International Corporation (Target) by Phoenix Parentco, Inc. (Acquirer). The Acquirer is jointly controlled by EQT Fund Management S.à r.l. (EQT) and the Goldman Sachs Group, Inc. (Goldman Sachs).

Target is headquartered in Durham, USA. It provides biopharmaceutical outsourcing services to bio pharmaceutical companies. The global activities of Target can be categorised into broad segments viz. clinical solutions and consulting.

CCI approves acquisition by HDFC Bank of shareholding in HDFC ERGO General Insurance Company

The Competition Commission of India (CCI) approves acquisition by HDFC Bank Limited (Acquirer) of shareholding in HDFC ERGO General Insurance Company Limited (Target) under Section 31(1) of the Competition Act, 2002.

The Proposed Combination involves acquisition of 4.99% of the outstanding equity share capital of the Target by the Acquirer from Housing Development Finance Corporation (HDFC).

The Acquirer is a publicly listed banking company registered with the Reserve Bank of India which provides a wide range of banking services covering commercial and investment banking on the wholesale side and transactional / branch banking on the retail side. As a part of the retail banking segment, the Acquirer also engages in the distribution of life and general / non-life insurance products.

Target is a joint venture between HDFC and ERGO International AG and is engaged in the business of general / non-life insurance in India and offers a complete range of general / non-life insurance products.

India’s COVID-19 Vaccination Coverage exceeds 102.27 Cr; Recovery Rate currently at 98.18%

With the administration of 12,30,720 vaccine doses in the last 24 hours, India’s COVID-19 vaccination coverage has exceeded 102.27 Cr (1,02,27,12,895) as per provisional reports till 7 am today.

The recovery of 18,762 patients in the last 24 hours has increased the cumulative tally of recovered patients (since the beginning of the pandemic) to 3,35,67,367.

Consequently, India’s recovery rate stands at 98.18%. Recovery Rate is currently at its highest peak since March 2020. 14,306 new cases were reported in the last 24 hours.

The Active Caseload remains below the 2 lakh mark and is presently at 1,67,695 which is lowest in 239 days. Active cases presently constitute 0.49% of the country's total Positive Cases, which is lowest since March 2020.

The Weekly Positivity Rate at 1.24% remains less than 2% for the last 31 days now. The Daily Positivity rate reported to be 1.43%. The daily Positivity rate has remained below 2% for the last 21 days and below 3% for 56 consecutive days now.

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Daily Current Affairs 25th October 2021 For All Government Examinations