NEWS 20-10-2024. News For 21st-Oct (Monday) Monthly News September: *International* : 1. India's foreign exchange reserves have reached a new record high of $704.885 billion, making it the 4th largest in the world. 2. India has provided the Maldives with $400 million in support & a currency swap worth Rs 3,000 crore. 3. India has overtaken 'China' in Morgan Stanley Capital International's Emerging Markets Investable Market Index. 4. The World Bank has revised its growth forecast for the Indian economy, increasing it to 7% for the fiscal year 2024-25. 5. Taiwan’s Ministry of National Defence (MND) planned to boost its defense by buying over 1,000 additional Stinger missiles from the United States. 6. India and US to Build First-Ever Joint Semiconductor Fab for National Security. Under a transformative collaboration with U.S. India will get a national security semiconductors fabrication plant that will produce chips for military hardware and next generation telecommunication. 7. US Designates UAE as Major Defense Partner, Opening Doors for Trilateral Military Cooperation with India. 8. Irans supreme leader Ali Khamenei has criticized India over the condition of Muslim minorities, India has promptly replied to them to look into their own affairs. 9. UAE has signed a pact with India to handle its nuclear power plants in gulf nations. 10. Russia has declared its support for Pakistan to join BRICS as the two countries have decided to further strengthen their ties by promoting bilateral trade. 11. PM Modi visited US from 21st to 23rd September. He took part in the fourth Quad Leaders’ Summit in Wilmington, Delaware, on 21st Sep. Following the request by the US to host this year’s Summit, India has agreed to host the next Quad Summit in 2025. *National:* 1. The Indian govt has approved a $1.2 billion plan to double edible oil production in seven years, aiming to reduce reliance on expensive imports. 2. The Deep Sea Mining Group of NIOT successfully conducted polymetallic nodule trials , which are rich in essential metals using Varaha-3 in Andaman Sea. 3. Israel's Tower Semiconductor & Adani Group have invested $ 10 billion to build a semiconductor chip factory in Maharashtra. 4. Reliance Industries Limited (RIL) has made history as the first Indian company to exceed ?10 lakh crore in annual revenue. 5. Mazagon Dock Shipbuilders Launches Production of Multipurpose Cargo Vessels for Denmark's Navi Merchants. 6. Ind & China agreed on the withdrawl of troops from LAC at four points. 7. India has sent a formal notice to Pakistan seeking a review of the Indus Water Treaty, which was signed between the two nations on 19 Sep 1960. *Defence* : 1. DRDO has developed an algorithm-based camouflage technology that reportedly makes military assets appear as decoys. 2. The Indian Army has introduced its first upgraded 'T-90 Bhishma' tank after a successful overhaul. 3. Bharat Electronics Limited(BEL) & Israel Aerospace Industries have collaborated to support MRSAM (Medium Range Surface-to-Air Missile) systems for India's defense forces. 4. DRDO has successfully conducted 3 flight tests of the advanced fourth - generation Very Short Range Air Defence System (VSHORADS) at Pokhran, Rajasthan. 5. Lockheed Martin & Tata Advanced Systems Limited (TASL) announced collaboration for establishing a Maintenance, Repair & Overhaul (MRO) facility in India to support the IAF’s fleet of 12 C-130J Super Hercules transport aircraft. 6. Boeing has delayed the delivery of Apache AH-64E helicopters to India due to concerns over power generator issues. 7. India-USA have conducted the 20th edition of joint military exercise, YUDH ABHYAS-2024, at the Mahajan Field Firing Ranges in Rajasthan. 8. India recently commissioned its *second nuclear-powered ballistic missile submarine (SSBN) called INS Arighaat*. 9. Cabinet Committee on Security has approved procurement of *240 aero-engines for IAF’s Su-30 MKI aircraft from HAL worth ?26,000 crore.* 10. Air Marshal Tejinder Singh' has taken over as the Vice Chief of the Indian Air Force. 11. HAL to Equip ALH Dhruv & LCH Prachand with 'Made in India' Rotor Dampers from Bengaluru-based TimeTooth Technologies. *Sports* : 1. Mumbai won the Irani Cup after 27 years by defeating the Rest of India team. 2. Indian team won a gold medal in the Men's Rapid Fire Pistol event at the ISSF Junior World Championship 2024. 3. India finished the Paris Paralympics 2024 campaign with a total of 29 medals - 7 golds, 9 silvers & 13 bronze. 4. Belarus' Arina Sabalenka has won the US Open (US Open 2024) title for the first time. 5. Preeti Pal became the first Indian female para athlete to win two medals in track and field. 6. Avani Lekhara created history as she clinched a historic gold medal at the women's 10m air rifle standing SH1 in the Paris Paralympics. < < Back