Current Affairs for BANK, IBPS Exams - 05 October 2021

Bank Exam Current Affairs

Current Affairs for BANK, IBPS Exams - 05 October 2021


Defense Ministry launches website ( for 2022 Republic Day celebrations

  • To showcase the Republic Day Celebrations of the year 2022, which will mark the 75th year of Independence-AzadikaAmritMahotsav, Ministry of Defence has created a new website: 
  • It was formally launched by DefenceSecretaryDr Ajay Kumar in New Delhi on October 04, 2021 as a platform that connects Indians all over the world and celebrate India’s Republic Day.
  • Speaking on the occasion, Dr Ajay Kumar said that the various activities related to Republic Day celebrations are happening throughout the country and this website will be very useful in hosting these build up activities.
  • For example, for the NCC Republic Day Camp the selection process has already begun in all the continents in which, lakhs of youth are participating, he said. 
  • This website will showcase all these activities. “Preparation for Republic Day Camp in itself is a festivity. We want to bring out the festivities through this website”, said Dr Ajay Kumar.
  • The website will be a single-point official source for all the content related to Republic Day Celebrations. The website includes features like a special RDC Radio, Gallery, Interactive Filters, E-book, Blogs on the Indian Freedom Movement, Wars and War Memorials.
  • Moreover, the website shall contain all the information related to the event viz. Minute to minute programme, route map, parking details, RSVP, details of additional activities undertaken by various constituents of the Ministry of Defence, live streaming of the event etc.

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Abiy Ahmed sworn in as Prime Minister for a second five-year term

  • The current Prime Minister of Ethiopia, Abiy Ahmed, was sworn in by the Ethiopian Parliament on Monday, 4 October, for a five-year term, AP reported. 
  • The 2019 Nobel Peace Prize winner (for pursuing peace with neighbouring country Eritrea) had won an easy victory in the general elections that were held in June. 
  • The civil war between the Ethiopian federal government's troops and the Tigrayan People's Liberation Front (TPLF) erupted almost a year ago. 
  • Millions have been forced to flee their homes, thousands have already died and the UN has warned of the devastating effects of famine in Tigray as a consequence of Abiy Ahmed's blockade of humanitarian aid into Tigray region, Reuters reported. 
  • Last week, on Thursday, 30 September, Ahmed's administration came under fire from the UN, the US and some EU states after it asked seven UN officials to leave Ethiopia after accusing them of supporting the TPLF, the report added. 

Bitcoin hits $50,000 for first time in four weeks

  • Bitcoin, the world's biggest cryptocurrency by market value, rose above the $50,000 mark for the first time in four weeks on Tuesday, adding to a series of gains since the start of October.
  • The cryptocurrency fell below that level on September 7 amid a broader selloff in shares of cryptocurrency and blockchain related firms that day. It continued to fall in September, hitting a low of $40,596 on September 21.
  • On Tuesday, Bitcoin rose as much as 2.35% to hit $50,398.10.
  • Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares.

Udaan looks to secure ₹4k crore to fund growth

  • B2B marketplace Udaan is set to raise as much as ₹4,000 crore to fund expansion as more retailers and wholesalers embrace digital commerce, two people directly aware of the plan said.
  • Udaan is likely to close the funding round in the next few weeks, the people cited above said, requesting anonymity.
  • The fundraising will value the startup at $4.5-5 billion, one of the two people said. “There is an unprecedented demand to add capacity as customers are migrating to e-commerce platforms,” the person said. This will be the largest fundraising by the five-year-old Udaan, which has hired Goldman Sachs to manage the process, the person said.
  • Udaan currently has more than 3 million retailers and 25,000 sellers on its platform, and plans to “double sales volume within a year” by tying up with more sellers, expanding its logistics network and employing technology to grow its business in the pharmaceutical and packaged consumer goods space that has seen a surge in demand.
  • Experts said digitization of the retail and wholesale supply chains is likely to outlast the crisis and trigger faster expansion of both customer and business-centric e-commerce platforms.

::Science and tech::

Russia test-fires Tsirkon (Zircon) hypersonic cruise missile from a submarine for the first time

  • The country's defence ministry, which originally test fired the weapon - also known as Zircon - from a warship in July, said the second test, deployed in the Barents Sea, had hit its chosen target.
  • Low-quality video footage released by the ministry showed the missile shooting up from the submarine, lighting up the night sky and illuminating the water's surface.
  • "The test firing of the Tsirkon missile from a nuclear submarine was deemed successful," the ministry said.
  • Some western experts have questioned how advanced Russia's new generation of weapons are, but recognised the combination of speed manoeuvrability and altitude makes them difficult to track and intercept.
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  • Footage released in July of the country's new advanced S-500 surface-to-air missile system appeared to have been deliberately blurred, making it harder to examine.
  • Tsirkon is intended to arm Russian cruisers, frigates and submarines.


FC Goa beat Mohammedan Sporting 1-0 in the final to win the Durand Cup football title in Kolkata

  • Indian Super League side FC Goa claimed their maiden Durand Cup football tournament title after a 1-0 win over Kolkata giants Mohammedan Sporting in the summit clash on Sunday.
  • Captain Eduardo Bedia scored the all-important goal from a set-piece in the 105th minute after the final match went into the extra time in front of 34,000 spectators at the Vivekananda Yuba BharatiKrirangan.
  • The Durand Cup crown also marked FC Goa coach Juan Ferrando's first-ever trophy on Indian soil.
  • Though both the teams began with attacking intent, they failed to keep possession for longer durations. The first shot of the match came from Marcus Joseph in the third minute but it was wayward.

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