Notes:
The Reserve Bank of India (RBI) approved the appointment of Committee of Directors (CoD) to run Dhanlaxmi Bank.
RBI is said to have approved a three-member interim committee of directors, headed by G Subramonia Iyer, to run the bank. Earlier, the shareholders voted out the bank’s MD and CEO Sunil Gurbaxani.

Notes:
October 2 is observed as the International Day of Non-Violence every year by the United Nations, to commemorate the birth anniversary of Mahatma Gandhi.
The UN General Assembly in a resolution on 15 June 2007 declared this day. The objective of this day is to spread the message of non-violence through education and public awareness. Gandhi is known across the world for his non-violence movement ‘Satyagraha’.

Notes:
The Department of Economic Affairs of the Union Finance Ministry is responsible for preparing the Union Budget.
The Finance Ministry has commenced the exercise for Union Budget 2021-22 by issuing the traditional circular. The Budget is expected to be presented to Parliament on February 1, 2021. The discussions will start from October 16 and continue till the first week of November.

Notes:
Madhabi Puri Buch is the first woman Whole-time member (WTM) of Securities and Exchange Board of India (SEBI).
She is also the first from the private sector to be appointed a SEBI Board member. The Appointments Committee of the Cabinet (ACC) has recently approved the extension of her appointment as WTM for one year beginning October 4, 2020.

Notes:
India has successfully test fired its indigenously developed nuclear capable hypersonic missile ‘Shaurya’.
The surface-to-surface tactical missile, with a strike range of around 1,000 km, has been test fired from a test range in Odisha. ‘Shaurya’ is the land variant of India’s K-15 missile and is capable of carrying payloads of 200 kg to 1000 kg.