History of 29 October
- 1988: Kamala Devi Chattopadhyay, a social reformer, freedom fighter and a stalwart of the Renaissance Party in the field of Indian handicrafts, passed away.
- 1958: America conducted a nuclear test in Nevada.
- 2001: Fantastic tribesmen in Pakistan captured the airstrip, prison and petrol pumps of Chilas town in Pakistan-occupied Kashmir.
- 1999: A devastating cyclone hit Orissa.
Current Affairs related to 29 October 2024
1. Announcement of hostels for police commissionerate in Uttar Pradesh
Uttar Pradesh Chief Minister Yogi Adityanath announced several juvenile hostels for the police commissionerate, including a 70% hike in hostels with accommodation and a 25% hike in hostels with accommodation. An additional Rs 10 crore will be provided in the next financial year for the training, diet and other expenses of athletes participating in national and international sports events. The total budget for sports-related expenses will now be Rs 115 crore.
India and Pakistan renew agreement on Kartarpur Sahib Mosque
India and Pakistan have agreed to renew their agreement on the Kartarpur Sahib Mosque for another five years. The decision was taken after External Affairs Minister S. Jaishankar’s visit to Islamabad, where he met Pakistan Prime Minister Shahbaz Sharif and Deputy Prime Minister Mohammad Ishaq Dar. The facility for pilgrims from India and Pakistan has been renewed for another five years, ensuring uninterrupted pilgrimage facility.
RBI expands alert list
The Reserve Bank of India has expanded the unauthorized foreign exchange stock market alert list by adding 13 new stocks, taking the total number to 88. The list includes the names of stocks that are authorized to make delivery in forex or operate electronic trading platforms under the Foreign Exchange Management Act 1999.
National Payments Corporation of India approves UPI Bank
The National Payments Corporation of India has approved a new UPI bank, ending the nine-month ban on its shares by the Reserve Bank of India. The decision is expected to increase the volume of crowd in UPI and strengthen its position in the market. The company’s UPI market share grew from 13% to 7% after the RBI imposed a ban on adding new UPI customers in January 2024. In March, it was allowed to work as a recognized party holiday provider in partnership with four banks—SBI, Axis Bank, HDFC Bank, and Yes Bank.
New initiatives in India-Maldives business cooperation
President of Traders Mohammed Muizzu has announced the implementation of India’s “Uni Pyramid Patriarchs” to integrate the trade economy and improve financial inclusion and transaction coaching. This is part of a broader strategy to strengthen relations with India, in which President Muizzu also took a stand against Indian military presence.
Central government orders abolition of export tax on parboiled rice
The central government said in an official order that it has abolished the export tax on parboiled rice. Stocks have risen in India, the world’s largest exporter of the grain, and the country is expected to have a bumper crop after monsoon rains. The decision to remove the tax follows the move to reduce the duty from 20% to 10% last month to boost exports. The government also approved the resumption of exports of non-basmati white rice in September 2024.
Steel Authority of India Limited Annual Conference 2024
Steel Authority of India Limited organised the prestigious ASH RAM India Annual Conference 2024 in New Delhi, showcasing excellence in inclusion, efficiency and diversity and superiority in distributed workforce management. The company considers its employees as the basis of its success and is developing them as the core of the workforce.
Vietnam Parliament elects new State President
Vietnam’s parliament has elected army general Luong Cuong as the new state president. This is seen as an important step towards political stability, as former President Tom Lam recently took over as the Republican leader of the Communist Party. Luong Cuong’s election is a major step towards bringing stability to Vietnam’s political landscape.
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Disclaimer:
All news sources referenced in this article are derived from reputable publications, including The Hindu, Times of India, India Today, and Press Information Bureau (PIB). The information provided is for educational and informational purposes only.
Additionally, all images included in this article are AI-generated and are intended for visualization purposes only. They do not represent real events or individuals.
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