Staying updated with current affairs is crucial, especially for those preparing for competitive exams or simply wanting to remain informed. This blog post aims to provide you with a comprehensive roundup of the most important news headlines from October 5, 2023. Let's dive into the details.
Eurozone Economy Faces Contraction
- The Eurozone economy is likely to contract in Q3 due to a significant decline in demand.
- The Composite Purchasing Managers’ Index (PMI) inched up to 47.2 in September but remained below the critical 50-mark.
- Economists predict that the Eurozone could enter a recession in the latter half of 2023.
Glacial Lake Burst in Sikkim
- Flash floods in Sikkim have claimed at least seven lives and left many injured or missing.
- The floods were triggered by the overflow of the South Lhonak lake.
- The Chungthang dam, part of Sikkim’s largest hydroelectric project, was destroyed.
Surge in India's Diesel Exports to Europe
- India's diesel exports to Europe reached approximately 333,000 barrels per day in September 2023.
- This marks a substantial increase of nearly 47% from August.
- The surge is attributed to constrained supplies from the Middle East and robust demand in Europe.
Coca-Cola India's Sustainability Initiative
- Coca-Cola India has launched fully recycled PET bottles for its flagship brand.
- The bottles are available in 250 ml and 750 ml sizes.
- This is part of Coca-Cola’s global commitment to reducing its environmental footprint.
World Teachers' Day 2023
- Celebrated annually on October 5th to honor the contributions of teachers.
- The theme for 2023 is "The Teachers We Need for the Education We Want: The Global Imperative to Reverse the Teacher Shortage."
Ranks and Reports
Global Infrastructure Losses Due to Climate Change
- The Coalition for Disaster Resilient Infrastructure (CDRI) reports staggering annual losses in global infrastructure.
- The global annual average loss stands between USD 301 and USD 330 billion.
RBI's New Executive Director
- Muneesh Kapur has been appointed as the Executive Director of the Reserve Bank of India.
- He will oversee the operations of the Department of Economic and Policy Research.
Asian Games 2023 Highlights
- Indian Team wins gold in Men’s 4x400m Relay.
- Neeraj Chopra wins gold in Javelin Throw, marking his second consecutive win at the Asian Games.
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Current affairs quiz - 5 October 2023