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News in Short

News in Short - 09-October-2021

Neeraj Chopra’s javelin goes for highest price in e-auction

Date: 09 October 2021 Tags: Sports
  • The third round of e-auction of gifts and mementos presented to Prime Minister Narendra Modi concluded with Olympian Neeraj Chopra’s javelin being the top favourite in terms of the highest bid value at Rs 1.5 crore followed by the autographed fence of Bhavani Devi at Rs 1.25 crore.
  • The 1,348 mementos put up for e-auction included sports memorabilia of the participants of the Tokyo 2020 Paralympic Games and the Tokyo 2020 Olympic Games; models of Ayodhya Ram Mandir; and Varanasi’s Rudraksh auditorium.
  • The proceeds go to the NamamiGangeMission. The final e-auction amount is expected to be much higher than the last two rounds.

RBI keeps rates unchanged

Date: 09 October 2021 Tags: Monetary Policy & RBI
  • The Reserve Bank of India’s (RBI) monetary policy committee (MPC) kept policy rates unchanged at 4 per cent for the eighth consecutive time and continued with the accommodative stance.
  • The six-member MPC, headed by governor Shaktikanta Das, met for three days from October 6.
  • Repo rate is the rate at which the RBI lends to banks, while reverse repo rate is at which it borrows from banks.
  • The RBI had last revised its policy repo rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

Abdulrazak Gurnah wins Nobel prize in literature

Date: 09 October 2021 Tags: Honours & Awards
  • Tanzanian novelist Abdulrazak Gurnah won the 2021 Nobel Prize in Literature "for his uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee,".
  • Based in Britain and writing in English, Gurnah, 72, joins Nigeria's Wole Soyinka as the only two non-white writers from sub-Saharan Africa ever to win.
  • His novels include "Paradise", set in colonial East Africa during World War One and short-listed for the Booker Prize for Fiction, and "Desertion."

Anshu Malik becomes first Indian woman to win silver in World Wrestling Championship

Date: 09 October 2021 Tags: Sports
  • Wrestler Anshu Malik became the first Indian woman to win silver in World Championships. She went down fighting against Helen Maroulis in the women’s 57kg final.
  • Malik fell short in her quest to become the first Indian woman wrestler and second from the country after Sushil Kumar to become a world champion.
  • Her shoulder gave way as she lost via fall to Helen Maroulis of USA, 2016 Olympics gold medallist (53kg) and 2020 bronze medal winner (57kg).
  • Anshu was in control of the final in the first period as she thwarted all the attacks of the American wrestler. Maroulis changed the match in second half.

India and Chinese troops face-off in Tawang

Date: 09 October 2021 Tags: Miscellaneous
  • Indian and Chinese soldiers engaged in a minor face-off near Yangtse in Tawang sector of Arunachal Pradesh and it was resolved in a few hours as per established protocols between the two countries.
  • Face-offs occur due to differing areas of perception due to the demarcated boundary and as both sides undertake patrolling activities up to their line of perception.
  • Whenever patrols of both sides physically meet, the situation is managed according to established protocols and mechanisms agreed upon by both sides.
  • The effectiveness of these protocols came into question following the stand-off in eastern Ladakh last year following ingress by Chinese troops into Indian territory at multiple locations.