National

National

First Smart City Expo India-2018 inaugurated in Jaipur by Vice President

Vice president M. Venkaiah Naidu inaugurated three days long Smart City Expo India-2018 in Jaipur.

4-day “Lok Manthan 2018”: national literary and intellectual conference inaugurated by Vice President M Venkaiah Naidu in Ranchi

Vice President M Venkaiah Naidu
 inaugurated a national literary and intellectual conference- “Lok Manthan 2018” at Khel Gaon in Ranchi.

‘USAID-India End TB Alliance’: alliance formed between India, United States to combat tuberculosis


India and United States
 have formed an alliance to jointly fight tuberculosis.
Objective:
To achieve a TB-free India by 2025.
US:
Capital: Washington D.C.
Currency: US Dollar.
President: Donald Trump

Indo-Bangla border conference held in Aizawl, Mizoram

A joint border conference was held between India and Bangladesh at Aizawl, Mizoram.
Indian delegation was headed by Survey of India Director Sanjay Kumar. Surveyor General of Bangladesh, Brigadier General Zakir Ahmed also participated

India, Oman agree to boost cooperation in maritime security

Defence Minister of India, Nirmala Sitharaman and Minsiter of Defence Affairs, Sultanate of Oman, Sayyid Badr Saud Harib Al Busaidi agreed to improve cooperation in maritime security and defence industry engagement.

About GCC (Gulf Cooperation Council):

Secretary General – Abdul Latif bin Rashid Al Zayani
Headquarters – Riyadh, Saudi Arabia

Agmark online system launched by Agriculture minister to conduct quality control functions

Minister of Agriculture and Farmers’ Welfare Shri Radha Mohan Singh launched online software for Agmark certification process.

Ministry of Agriculture and Farmer’s Welfare:
Union Minister: Shri Radha Mohan Singh.
Minister of State:  Shri. Purushottam R., Smt. Krishna Raj, Shri. Gajendra S.S.

Hyderabad Metro became India’s 2nd largest metro rail network

The Hyderabad Metro Rail’s (HMR)  46-km Corridor One became India’s second-largest metro network after Delhi.

4 Northern states and 2 UTs to fix uniform tax rates on petroleum products

4 Northern states and 2 UTs agree to fix uniform tax rates on petroleum products.

Objective:

Fixing uniform rate of taxes on petrol and diesel.
Background:
Punjab has one of the highest rates of VAT on petrol in the country and it is second to Maharashtra.

Assam cabinet to launch the Universal Pension scheme on October 2, 2018

The Assam cabinet chaired by Chief Minister Sarbananda Sonowal, announced that on the 150th birth anniversary of the father of the nation Mahatma Gandhi, will launch the Universal Pension scheme in the state.

Assam:

Capital: Dispur.
Chief Minister:  Sarbananda Sonowal.
Governor: Jagdish Mukhi.
National Parks: Kaziranga National Park, Manas National Park (UNESCO Natural World Herigate Site), Orang National Park, Dibru-Saikhowa National Park.
Airports: Lokpriya Gopinath Bordoloi International Airport, Dibrugarh Airport, Jorhat Airport, Tezpur Airport, Silchar Airport.

Supreme Court struck down Section 497 of IPC due to violation of rights

five-judge Constitution bench, headed by Chief Justice of India Dipak Misra, of the Supreme Court struck down the 150-year-old penal law on adultery.

International

International

India ranks 96th; HK, Singapore retain top spot: Economic Freedom Index

According to a study named Economic Freedom in the World by Centre for Civil Society (CCS) along with Canada’s Fraser Institute, India stands at 96th rank out of 162 countries in economic freedom.

Key Points:

The index measures areas of economic freedom. They are: Size of Government, Legal System and Property Rights, Sound Money, Freedom to Trade Internationally and Regulation.

India ranked 98th in the previous year.

India improved its score on parameters such as legal system and property rights, access to sound money, freedom to trade internationally and regulation of credit, labour and business.
The score however reduced in the size of government parameter.

Among the BRICS nations, Russia and South Africa are ahead of India at 87th and 94th place and China and Brazil are behind it at 108th and 144th positions.

Centre for Civil Society:
Headquarters: New Delhi.
Founded: 1997.
Founder and President: Parth J shah.
Chairman: Luis Miranda.

Banking-Finance

Banking & Finance

RBI eased cash reserve rules to allow banks to get increased liquidity from SLR

Reserve Bank of India enhanced the “Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR)” from the existing 11 per cent to 13 per cent of their deposits.
Objective:
To overcome any possible liquidity constraints by the banks.
Background:
Availing of liquidity against the securities under FALLCR is usually permitted to banks only under the conditions of stress.

ADB approved $500 mn for Tamil Nadu water supply, sewerage, drainage infrastructure project

Asian Development Bank (ADB) approved financing of up to $500 million for a multitranche financing facility (MFF) infrastructure project in at least 10 cities of Tamil Nadu.

Objective:
To develop climate-resilient water supply, sewerage, and drainage infrastructure.

National Parks of Tamil Nadu : Mudumalai National Park, Anamalai National Park, Periyar National Park, Bandipur National Park, Guindy National Park.
ADB:
Headquarters: Manila, Philippines.
Established in 1966.
Members– 67 (48 from Asian region).

Govt increased customs duties on 19 items to bridge gap of CAD

The government increased customs duty on import of 19 on certain ‘non-essential’ items.
This increase in import duty is aimed at bridging current account deficit (CAD) in order to save Indian rupee from the incessant fall.

Finance Ministry:
Union Minister: Shri Arun Jaitley.
Minister of State: Shri Shiv Prasad Shukla, Shri P. Radhakrishnan.
Secretart of Finance: Shri Rajiv Kumar(Finance).

Indian Navy signs contract with Hindustan Shipyard Ltd for construction of 2 Diving Support Vessels (DSV)

Indian Navy signed a contract with M/s Hindustan Shipyard Limited, Vishakhapatnam, for construction of 2 Diving Support Vessels (DSV) to expand Indian Navy’s submarine support operations.

About Indian Navy:
Chief of the Naval Staff (CNS) – Admiral Sunil Lanba
Headquarters – New Delhi

Sports

Sports

Madrid to host new-format Davis Cup in 2019 and 2020

International Tennis Federation (ITF) announced that, Madrid would host the first two new-format Davis Cup finals in 2019 and 2020.

About International Tennis Federation (ITF):

President – David Haggerty
Headquarters – London, United Kingdom

Miscellaneous

Awards & Honours

PM Modi among 6 entities to get UN’s ‘Champions of the Earth’ award: UN

Prime Minister Narendra Modi along with 5 other individuals and organisations are recipients of UN’s highest environmental honour: Champions of the Earth Award.

UN:
Headquarters: New York.
Member: 193
Secretary-General: Antonio Guterres.

Mukesh Ambani retains top spot; 214 new additions: Barclays Hurun India rich list 2018

Barclays Hurun India rich list 2018 was released and according to it new 214 individuals were added, whose net worth is Rs 1,000 crore or more.

Shanti Swarup Bhatnagar Prize for Science and Technology announced by CSIR

The Council of Scientific and Industrial Research (CSIR) on its foundation day released the list of awardees for Shanti Swarup Bhatnagar Prize 2018

Dr Thomas Pucadyil
 from the Indian Institute of Science Education and Research in Pune has been awarded the Shanti Swarup Bhatnagar Prize for Science and Technology by CSIR.
He was conferred with the honor for his research in the discipline of Biological Sciences on membrane biochemistry and vesicular transport.

About the Award:
Constituted in 1958, the Shanti Swarup Bhatnagar Prize is India’s highest science award, for outstanding research, in science and technology.

Appointments

TRIFED & “TRIBES INDIA” presents “Punch Tantra collection” & Ms. Mary Kom as Brand Ambassador of Tribes India

Jual Oram, Union Minister for Tribal Affairs launched “Punch Tantra Diwali collection” and announced World Boxing Champion Mary Kom as Brand Ambassador of “Tribes India” in Vigyan Bhawan, New Delhi.

Key Points:

The event was organised by Tribal Cooperative Marketing Development Federation of India (TRIFED) and Tribes India under Ministry of Tribal Affairs.

The Punch Tantra range of tribal arti-facts consists of handlooms and handicrafts inspired and promoted by Mary Kom.

The collection is like the powerful punch of Mary Kom, as the name suggests. It has been specially introduced for the festive season.

About Tribal Cooperative Marketing Development Federation of India (TRIFED):

Managing Director – Pravir Krishna
Headquarters – New Delhi

Science & Technology

‘Astra’ air-to-air missile successfully test fired

The Indian Air Force (IAF) successfully test fired the indigenously developed Beyond Visual Range Air-to-Air Missile (BVRAAM) Astra from a Su-30 aircraft over the Bay of Bengal near Chandipur in Odisha.
It has been developed by IAF and the Defence Research and Development Organisation (DRDO) primarily.
Hindustan Aeronautics Limited modifying the aircraft for weapon integration along with 50 other private and public industries.

DRDO:

Headquarters: New Delhi.
Founded: 1958.
Defence Minister: Smt. Nirmala Sitharaman.
Minister of State for Defence:  Dr.Subhash Bhamre.
Defence Secretary and Chairman of DRDO: Dr. G. Satheesh Reddy.

HAL:

Headquarters: Bengaluru.
Head: R. Madhavan.

Thought of the Day

“Success is the sum of small efforts, repeated day in and out…!!!” 


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