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Current Affairs – October 10 2023
1. Kuwait’s Plan to Boost Fossil Fuel Production
Kuwait’s oil minister recently unveiled a bold strategy aimed at enhancing the country’s fossil fuel production capabilities. This strategy also involves preparations for the Durra gas field, which is jointly shared with Saudi Arabia, amidst a dispute with Iran over ownership claims.
The primary objective of Kuwait Petroleum Corporation (KPC) is to raise its overall oil production capacity to a staggering 4 million barrels per day (bpd) by the year 2035.
Kuwait’s production capacity currently stands at approximately 2.9 million bpd and is projected to reach 3.2 million bpd by 2025 or 2026.
2. Nobel Prize in Economics for 2023
The Nobel Prize in Economics for 2023 has been awarded to Claudia Goldin, a professor at Harvard University, in recognition of her groundbreaking work in advancing our understanding of women’s labor market outcomes.
Her research, focused primarily on the United States, has shed light on the historical trends and factors influencing women’s participation in the labor market and the persistent gender pay gap.
3. CHAKRAVAT 2023
The Annual Joint Humanitarian Assistance and Disaster Relief Exercise (AJHE) has emerged as a pivotal outcome of the directive set forth during the Combined Commanders’ Conference in 2015.
Since its inception in 2015, this exercise, known as CHAKRAVAT, has evolved into a multi-agency initiative encompassing participation from various sectors, including all three Services, Paramilitary Forces, disaster response organizations, NGOs, academic institutions, and international bodies.
The upcoming 2023 edition promises to further enhance national-level synergies among stakeholders and welcomes participation from eight countries within the Indian Ocean Region.
4. IDFC FIRST Bank ties up with Outlook Group to present “Outlook Money 40After40”
Outlook Group is excited to announce the launch of its highly anticipated retirement planning event, “40After40,” in association with IDFC FIRST Bank.
This two-day event and expo will take place at the Jio World Convention Centre in Mumbai on January 23-24, 2024.
“40After40” aims to be a comprehensive platform for all retirement-related discussions, offering panel discussions, expert chats, masterclasses, interactions with financial planners, and product presentations.
5. Celebrity Chef And Former Food Network Star, Michael Chiarello Passed Away
Chef Michael Chiarello, a culinary expert known for his extraordinary talent and passion for food, passed away at Queen of the Valley Medical Center in Napa, California.
He succumbed to an acute allergic reaction that led to anaphylactic shock, as announced by his company Gruppo Chiarello in a statement.
6. Bihar govt announces 10% reservation for EWS in judicial services
In a significant move, the Bihar government has unveiled a 10% reservation quota for people falling under the Economically Weaker Section (EWS) category in the state’s judicial services, as well as in government-run law colleges and universities.
This announcement comes on the heels of the release of the state’s caste-based survey results. The decision was formally approved by the Bihar cabinet, as announced by Additional Chief Secretary (Cabinet Secretariat) S Siddhartha.
7. Sri Lanka to take over as Chair of the Indian Ocean Rim Association
The Indian Ocean Rim Association (IORA) is an intergovernmental organization of 23 member states and 11 dialogue partners from Africa, West Asia, South Asia, South-East Asia, and Oceania. It was established in 1997 to promote regional cooperation and development.
The IORA Council of Ministers meeting is the highest decision-making body of the Association. It is held annually to discuss and decide on IORA priorities.
8. NLC India Ltd Secures 810 MW Solar PV Project In Rajasthan
NLC India Ltd. (NLCIL), a Navaratna Central Public Sector Enterprise (CPSE) under the Ministry of Coal, has recently achieved a remarkable feat in the renewable energy sector by securing an 810 MW solar photovoltaic power project. This project is awarded by Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) and marks a significant step forward in NLCIL’s commitment to clean and sustainable energy solutions.
9. Israel imposes total siege on Gaza
Israel imposed a total siege on the Gaza Strip and cut off water supply following a surprise offensive by Hamas. The conflict has escalated, causing civilian casualties and displacement.
Hamas launched a surprise offensive, leading to Israeli airstrikes on Gaza. Dozens of Palestinians were killed and wounded, with over 570 casualties reported.
Israeli Prime Minister Benjamin Netanyahu vowed a strong response, threatening to turn Hamas sites to rubble. Israel imposed a complete siege on Gaza, impacting 2.3 million people: no electricity, food, water, or gas.
10. ‘India, Tanzania to sign 15 agreements with an eye on USD 10 billion trade’
India and Tanzania are set to boost their bilateral cooperation as Tanzanian President Samia Suluhu Hassan visits India after an eight-year gap.
The visit aims to elevate their relations to a strategic partnership and enhance trade and investment ties. Tanzanian Foreign Minister January Yusuf Makamba anticipates the signing of 15 agreements covering various areas of cooperation.
