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International Israel, Bahrain Formally Establish Diplomatic Ties Following International Israel, Bahrain formally establish diplomatic ties following US brokered deal Israel and Bahrain have formally established diplomatic relations after signing the US brokered deal in Arab country's capital Manama. At a ceremony in Manama, Bahraini and Israeli officials signed eight bilateral agreements, including a joint communiqué on the establishment of diplomatic, peaceful, and friendly relations. The two countries are now expected to open embassies. Bahrain is now the fourth Arab country in the Middle East - after the UAE, Egypt and Jordan - to recognise Israel. Tens of thousands rally in Pakistan to demand PM Imran Khan's ouster In Pakistan, tens of thousands of opposition supporters rallied in Karachi as part of a campaign to oust Prime Minister Imran Khan. Thousands of people assembled for the anti-government rally. People were seen waving opposition parties flag and raising slogans. This is the second power show of the 11-party opposition alliance PDM. The first was held in Gujranwala in Lahore. WHO lends support to IP-waiver proposal from South Africa, India The World Health Organisation (WHO) has lent its support to a proposal from South Africa and India to the World Trade Organization (WTO) seeking a waiver on certain intellectual property (IP) provisions that could come in the way of access to medicines, vaccines and devices developed to tackle the novel coronavirus. The support comes even as the recently concluded TRIPS Council meeting failed to reach a consensus on the issue, setting it up for informal consultations for resolution by the year-end. The TRIPS Council is responsible for implementing the TRIPS (Trade- related Aspects of Intellectual Property Rights) agreement. China passes new export law to protect vital tech from US over ‘national security’ concerns China has passed a new law restricting sensitive exports to protect national security, a move that adds to policy tools it could wield against the US as tensions -- especially in technology -- continue to rise. The law, which China's top legislature passed comes into effect on 1 December and allows Beijing to take reciprocal measures against countries that abuse export controls and pose a threat to national security. Technical data related to items covered will also be subject to export controls, according to the published text of the law. Indian and Sri Lankan navies to begin their annual exercise SLINEX The 8th annual joint exercise between Indian and Sri Lankan navies - SLINEX-20 - will begin off Trincomalee coast. The 3-day exercise will continue till 21st of October. The Sri Lanka Navy will be represented by SLN Ships Sayura and Gajabahu led by Rear Admiral Bandara Jayathilaka, the Flag Officer Commanding Naval Fleet, Sri Lanka Navy. Indigenously built ASW corvettes Kamorta and Kiltan under the command of Rear Admiral Sanjay Vatsayan, Flag Officer Commanding Eastern Fleet, will represent the Indian Navy. SLINEX-20 aims to enhance inter-operability, improve mutual understanding and exchange best practices and procedures for multi-faceted maritime operations between both navies. Bangladesh invites PM Modi to join celebrations of 50 years of country’s independence Bangladesh has invited Prime Minister Narendra Modi to join the celebrations of the 50 years of the country’s independence on March 26 next year, said Foreign Minister AK Abdul Momen. A virtual meeting between the Prime Ministers of India and Bangladesh is also likely to take place later this year. Earlier, Prime Minister Modi was scheduled to visit Bangladesh to join in the birth centenary celebrations of Bangabandhu Sheikh Mujibur Rahman. But the visit was cancelled due to the Corona pandemic. National India past COVID peak, says DST panel India passed its COVID-19 peak in September and, if current trends continue, there will be minimal cases”by February, according to a modelling study commissioned by the Department of Science and Technology. It noted that India’s COVID burden is expected to be capped at 106 lakh symptomatic infections by early next year, with less than 50,000 active cases from December. NCDC to launch Ayushman Sahakar scheme to fund co-operative healthcare facilities Inspired by the successfully-run cooperative hospitals in Kerala, the National Cooperative Development Corporation (NCDC) has come up with a scheme, Ayushman Sahakar, to involve co- operatives in creating healthcare infrastructure. Under the scheme, to be launched by Agriculture Minister Narendra Singh Tomar on Monday, the NCDC will give loans totalling ₹10,000 crore to potential cooperatives to arrange healthcare amenities. Business and Economy Compensation cess to stay till States’ dues are met: Finance panel chief The levy of compensation cess on Goods and Services Tax (GST) may have to be extended for quite a few years, perhaps till as late as 2025-26, to pay off States’ GST dues, Chairperson of the Fifteenth Finance Commission N.K. Singh said. The Commission, whose report on the devolution of funds between the Centre and States for the five-year period of 2021-22 till 2025-2026 will be submitted to the government soon, will factor in unpaid compensation dues while working out States’ revenue flow calculations for the years beyond 2022. DHFL lenders staring at ₹65,000-crore haircut Lenders to Dewan Housing Finance Corporation Ltd (DHFL) may have to take a ₹50,000-65,000 crore haircut, with none of the four bidders offering more than ₹20,000 crore to acquire the debt-laden housing finance company (HFC) under the Insolvency and Bankruptcy Code (IBC). SBI-led bankers owed ₹85,000 cr, but the highest bid has come in at just ₹20,000 cr. HDFC Bank reports 18.4 per cent increase in Q2 net profit Private sector lender HDFC Bank reported an 18.4 per cent increase in its standalone net profit for the second quarter of the fiscal at ₹7,513.11 crore as against ₹6,344.99 crore a year ago. The bank’s total income grew by 6.9 per cent at ₹36,069.42 crore compared to ₹33,755 crore a year ago. Sports Nozomi Okuhara clinches Women's Singles title at Denmark Open Former World Champion Nozomi Okuhara clinched the Denmark Open title beating three-time world champion Carolina Marin in women's singles. The Japanese star took 56 minutes to get the better of the Olympic gold medallist Spaniard in two games 21-19, 21-17, at Odense. In the men's singles final, world number seven Anders Antonsen of Denmark defeated his compatriot Rasmus Gemke by 18-21, 21-19, 21-12. I-League 2019-20 trophy handed over to champions Mohun Bagan I-League 2019-20 champions Mohun Bagan were handed over the trophy by the All India Football Federation (AIFF) on Sunday in Kolkata. The I-League 2019-20 season had to be halted and eventually stopped after just 16 rounds due to the ongoing COVID-19 pandemic and the resulting nationwide lockdown in March. Mohun Bagan were already on 39 points from 16 matches and were crowned champions. IPL: Kings XI Punjab beat Mumbai Indians in thrilling second Super Over Kings XI Punjab triumphed over Mumbai Indians in a thrilling second Super Over after both the match and the first Super Over were tied for the first time in the tournament's history in Dubai. Opting to bat first, Mumbai made a challenging score of 176 for 6 in 20 overs. While chasing, Punjab with KL Rahul's 77 knock also posted 176 for 6 in the stipulated 20 overs and score went for a tie taking the match for Super Over. Elavenil clinches gold Elavenil Valarivan won the women’s gold in the Sheikh Russel international air rifle championship organised online by the Bangladesh Shooting Federation on Sunday. In the 60-shot competition in which shooters from six nations participated, including hosts Bangladesh and India, Elavenil shot a modest 627.5 to come out on top. Shiori Hirata won the silver with 622.6, while Indonesian Vidya Toyyiba took the bronze with 621.1. .
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