Daily GPSC Current Affairs

Gujarat firms’ IPO mop-up to cross Rs 10,000 crore in 2021
Riding on the current initial public offering (IPO) boom, Gujarat-based companies’ mop-up from the public issues—both mainboard and small and medium enterprises (SME) IPOs–is set to cross Rs 10,000 crore-mark in 2021.

Gujarati companies have cumulatively raised around Rs 9,406 crore via 10 public issues, including SME IPOs, so far in 2021. Notable among them are Nirma Group’s Nuvoco Vistas Corporation Limited, GR Infraprojects Limited, Anupam Rasayan Limited, Rolex Rings Limited and Heranba Industries Ltd.
Most of the public offerings under the pipeline are expected to hit the market before December, say financial sector players, adding that Gujarat’s IPO collection will easily surpass Rs 10,000 crore-mark even if one of these five planned issues hits the market before the end of 2021.


Right To Clean Environment Recognized By UN

In a Unanimous vote, United Nations Human Rights Council declared a clean, healthy & sustainable environment as a universal right On 8 October.


♦ The right would be first recognized 70 years after the Universal Declaration of Human Rights was adopted in 1948 by the UN General Assembly.

♦ The Right was first started in the 1972 Stockholm Declaration.

♦ The resolution was followed by a campaign led by 13000 civil society organizations & indigenous peoples’ groups, 90,000 children, private sector stakeholders and the Global Alliance of National Human Rights Institutions.

UN resolution

♦ This resolution highlights the “Rights to life, liberty and security” of human rights defenders working in environmental matters. They are referred to as environmental human rights defenders.

♦ The resolution also called on nations to expand their facilities to improve the environment.

♦ The right was passed by 43-0. Four member states, i.e. India, China, Japan and Russia, were refused.

India-Croatia to research In Traditional Medicine Systems

India and Croatia signed an MoU to research and developed Indian traditional medicine systems and promote Ayurveda in Europe.


♦ The Croatian government is aiming to package Ayurveda and Yoga from India, alongside its tourism.

♦ One of the goals of MoU is to connect European members for a more extensive offer of health and tourism products.

♦ The Ministry of Ayush has signed an agreement with the Croatia Heal Ministry for educational collaboration within the Indian traditional medicine system to implement the plan.

♦ MoU was signed between the All India Institute of Ayurveda (AIIA) and Croatia’s Kvarner Health Tourism Cluster.

♦ Under the agreement, both the countries would commence academic activities in Ayurveda in correlation with the identified institutions.


PM Gati Shakthi’ Masterplan Launched By PM

Prime Minister Modi On 13 October will launch the ‘Pradhan Mantri Gati Shakthi’ Masterplan.


♦ Gati Shakti scheme was announced by PM Modi on Independence Day, 2021.

♦ This Masterplan will bring together 16 Ministries and seven core infrastructure sectors on a single platform to Combine project planning across stakeholder ministries for avoiding duplication, plug gaps and facilitate clearances at the right time.

Gati Shakti Platform

♦ Gati Shakti platform was launched to provide data immediately. It will provide for greater coordination between ministries.

Coal Crisis in India

The thermal plants in India face a shortage of coal stocks which might lead to a power crisis.


♦ There are 135 thermal power plants used to generate power using coal. One hundred six of them have a minimal to a critical number of stocks which might last for 6 to 7 days.

♦ Three in Punjab, Thirteen in Mumbai and four in Kerala are shut down due to coal shortage.
♦ The Coal Ministry and Union Power Minister have assured that low inventory doesn’t mean power generation would stop because coal stock is continuously replenished.

Indian To Join Phase II Multilateral Maritime Exercise Malabar

India is set to join the second Phase of the Multilateral Maritime Exercise with Japan, Australia and the United States.


♦ The Quadrilateral exercise begins on 12 October in the Bay Of Bengal and ends on 15 October.

♦ The exercise will build synergic coordination between the nations and enhance interoperability.

♦ The Exercise focuses on advanced surface and anti-submarine warfare exercises, seamanship evolutions, and weapon firings.

♦ What started as an annual bilateral naval exercise between India and the US in 1992, Malabar comprises a series of exercises with increasing scope and complexity over the years.

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