Awards and Recognitions
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Contents
Topic Page Number MOU/Agreement Countries 3 MOU Industry/States/Others 4-5 Appointments and Resignations 5-9 Awards and Recognitions 9-12 Conference and Summits 13-16 International News 16-20 National News 20-26 State News 27-34 Finance and Banking News 35-38 Business News 39-40 Economy News 40-43 Apps Launches/ Portal/Helpline 43-44 Science & Technology 44-45 Defence News 45-47 Sports News 47-53 Committees 53-54 Rankings of Countries 55-56 Rankings (Persons and Organisations) 56-57 Loans from Banks 57-59 Deadlines 59 GDP Growth rates predictions 60 Books and Authors 60-61 Obituaries 61-64 Nobel Prize Winners 64 Miscellaneous News 64-66 Important Days(Nov-Dec) 66-67 Union Budget 67-68 Important Government Schemes 69-70 Demonitisation in India 71
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MOU/Agreement Countries
Countries Purpose India Nepal On Drug Demand Reduction and Prevention of Illicit Trafficking in Narcotic Drugs and Psychotropic Substances and precursor chemicals, and related matters. India Nepal For starting construction of a new Bridge over Mechi River at Indo-Nepal border. The estimated cost of construction of the bridge is 158.65 crore rupees, which would be funded by Government of India through ADB loan. India International India has committed an annual contribution of $5,00,000 for vaccine research and Vaccine development. Institute (IVI) in South Korea India Brazil For cooperation in the fields of Zebu Cattle Genomics and Assisted Reproductive Technologies India Canada A set of two commemorative postage stamps will be issued jointly by the Government of India and Canada on the theme of Indian festival Diwali, which will be released on September 21, this year. India Japan For collaborative research in the field of silkworm and silk industries India Japan To start a postal service called cool box service , which will help Japanese people living in India to order food from Japan. India Morocco In the areas of drug regulation and pharmaceutical quality control and communicable diseases among others. India Belarus Both countries released a postage stamp to mark 25 years of diplomatic ties between the two sides. India Russia To build the Roppur nuclear power plant in Bangladesh, the first initiative under a Indo- Russia deal to undertake atomic energy projects in third countries. India Norway To extend health cooperation, especially in the areas of reproductive, maternal, new- born, child and adolescent health. India Sri Lanka To develop a village in Anuradhapura District (Sri Lanka) at a cost of 30 crores Sri Lankan rupees. India Bangladesh To construct a bridge over Mizoram s Khawthlangtuipui river to facilitate trade and improve communication between the two neighbours. India BRICS Memorandum of Cooperation (MoC) with respect to tax matters nations India Switzerland On technical cooperation in the rail sector, including development of tilting trains that tilt on approaching a bend. India Myanmar On upgradation of the Women s Police Training Centre at Yamethin, Myanmar. India Sweden A Sweden-India Startup Sambandh initiative has been launched by Invest India and Founders Alliance in Sweden for higher cooperation among start-ups. India Mozambique To expedite development of the giant Rovuma gas discovery, which is planned to be converted into LNG for exports.
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MOU Industry/States/Others
Organizations Purpose YES Bank Santander UK plc to help boost UK-India trade and local business networking opportunities YES Bank Indus OS, Domestic android- to launch an OS-integrated UPI payment platform based mobile operating system YES Bank Overseas Private Investment to increase lending to small and medium enterprises Corporation (OPIC) and US s (SMEs) in India Wells Fargo Bank Punjab National Bank Bajaj Allianz General for distribution of Bajaj Allianz s general insurance products through the bank s network Punjab National Bank BSNL They have teamed up to roll out open mobile wallet Speedpay across 10 states in the country. PNB s Speedway wallet will operate like any other mobile wallet for paying bills, recharging phone besides its users will be able to deposit and withdraw money from authorised retail outlets. Air India Punjab National Bank and To secure loans to the tune of over Rs 3,000 crore for IndusInd Bank meeting working capital requirements. NITI Aayog International Road Federation, They have signed a Statement of Intent (SoI) to Geneva (IRF Geneva) cooperate in the field of Intelligent Transportation Systems (ITS). Andhra Pradesh Govt Visa For Digital Dhan Sankalp project. It is an initiative to develop Visakhapatnam into India s first less cash city. Canara HSBC Oriental Dhanlaxmi Bank All the life insurance products of Canara HSBC Bank of Commerce Oriental Bank of Commerce Life Insurance would be Life Insurance made available to customers of Dhanlaxmi Bank South Indian Bank PFG Forex for remittance facility for the benefit of Indian expatriates from Australia. HDFC ERGO General Andhra Pradesh to implement Weather Based Crop Insurance Scheme Insurance (WBCIS) for loanee and non-loanee farmers. HDFC ERGO Ebix s ItzCash to offer general insurance products through ItzCash s physical retail outlets Axis Bank Solar energy services company to offer ter loa s ra gi g fro ₹ lakh to ₹ lakh Freyr Energy for tenures up to five years,for solar rooftop installations in Telangana and Andhra Pradesh. Axis Bank Inter- American Investment To help traders boost relations between India and Corporation Latin America and the Caribbean. First Indian Bank to be a part of such a facility. Central Government Haryana government to revive River Saraswati, and provide water in drought-prone areas Central Government Uttar Pradesh government For construction of All India Medical Institute of Medical Sciences (AIIMS) at Gorakhpur. Ministry of Water Ministry of Skill Development For the success of Namami Gange
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Resources Bank of Baroda Finolex Plasson Industries In order to finance farmers for installation of Micro Irrigation system for their fields through Union Bank of India Bajaj Allianz General Insurance For distribution of their insurance products and Cholamandalam MS General Insurance IDFC Bank Digital payments company Zeta to launch IDFC Bank Benefits – a payment solution for corporates that digitises employee spends and claims, making the process simple, real-time and paperless. Dhanlaxmi Bank DHFL Pramerica Life Insurance Bank will distribute retail and group life insurance Company products of company to its customers. IndusInd Bank MobiKwik To launch a co-branded wallet IndusInd Mobikwik Kotak Mahindra Bank Fintech firm Zeta Launch of Paymint , a multi-wallet digital prepaid solution for salaried employees. Bank of Baroda Amazon India Online marketplace Amazon India has planned to provide unsecured micro-loa s, as lo as ₹ lakh, at interest rates as low as 10.45-11 per cent at a short span of 3-5 days. The company has tied up with Bank of Baroda for the loans, which a go up to ₹ lakh. HSBC Sa-Dhan To develop digital ecosystem for India s unbanked segment. Sa-Dhan is microfinance industry association.
Appointments and Resignations
Name Post Institution Justice Dipak Misra Chief Justice India (He took charge from Jagdish Singh Khehar) Sunil Arora Election Commissioner India (He took charge from Achal Kumar Joti who is now Chief Election Commissioner). Other Election Commissioner is Om Prakash Rawa. Dineshwar Sharma Interlocutor in Jammu and The Centre has decided to start a sustained dialogue in Kashmir Jammu and Kashmir and added that former Intelligence Bureau (IB) director Dineshwar Sharma will be the representative from the Government of India. Vice Admiral Ajit Vice Chief Naval Staff, India Kumar Preeti Sudan Union Health Secretary Dr. Arvind Chief Economic Advisor Chief Economic Advisor to the Government of India Dr. Subramanian Arvind Subramanian has been given a one year extension, post the completion of his current-three year tenure. Ajay Bhushan Pandey Chairman Goods and Services Tax Network (GSTN). He is Aadhaar authority UIDAI Chief Executive.
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Viveck Goenka Chairman Press Trust of India O.Panneerselvam Deputy Chief Minister Tamil Nadu Subhash Chandra Garg India s Alternate Governor on the Board of Governors of the Asian Development Bank (ADB) Achal Kumar Jyoti Chief Election Commissioner John Joseph Director General Goods and Services Tax Intelligence (GSTI) Rukaiya Rangwala Business Head MobiKwik Payment Gateway Rakesh Asthana Special Director Central Bureau of Investigation (CBI) Gurbachan Singh Special Director Intelligence Bureau (IB) Deepak Kumar Mishra Special Director General Central Reserve Police Force (CRPF) and Sudeep Lakhtakia Rajesh Ranjan and A.P. Special Director General Border Security Force (BSF) Maheshwari Alok Kumar Pateria Additional Director General Central Industrial Security Force (CISF) (ADG) Hasmukh Adhia Finance Secretary India Mary Kom Ambassador Youth World Championships Vikas Seth Chief Executive Officer Bharti AXA Life Insurance Sudhanshu Jain Chief Financial Officer Paytm Payments Bank (PPB) Sethurathnam Ravi Chairman Bombay Stock Exchange (BSE) Y.C. Modi Director-General National Investigation Agency (NIA) Ajay Bisaria Indian High Commissioner to Pakistan Neelamani N. Raju Karnataka s first woman Director General and Inspector General of Police Kenneth Juster US Ambassador To India S Y Qureshi Ombudsmen to formulate the AIFF Constitution within eight weeks. Tulsi Gabbard Chairperson World Hindu Congress 2018 Debjani Ghosh 1st woman President National Association of Software and Services Companies (Nasscom) Anupam Kher Chairman Film and Television Institute of India (FTII) in Pune Sambit Patra Non-official director Board of Oil and Natural Gas Corporation (ONGC) Ltd. R.K. Pachnanda Director General Indo-Tibetan Border Police (ITBP) Ravi Shastri Head Coach Indian cricket team Zaheer Khan Bowling coach (150 days a year) Indian cricket team Bharat Arun Bowling coach (Full Time) Indian cricket team P.V. Sindhu Deputy Collector Andhra Pradesh Government Rajnish Kumar Chairman State Bank of India Suresh Sethi MD and CEO India Post Payments Bank Ashish Srivastava MD and CEO PNB MetLife Jayant Rikhye CEO Hongkong and Shanghai Banking Corporation (HSBC) India
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Ajay Vipin Nanavati Chairman Syndicate Bank Sankara Narayanan Managing Director (MD) and Vijaya Bank Chief Executive Officer (CEO) P R Seshadri MD and CEO Karur Vysya Bank KV Rama Moorthy MD and CEO Tamilnad Mercantile Bank Rajkiran Rai G MD & CEO Union Bank of India Melwyn Rego MD & CEO Syndicate Bank Kewal Handa Non-Executive Chairman Union Bank of India Mukesh Kumar Jain MD & CEO Oriental Bank of Commerce Vikram Limaye MD & CEO National Stock Exchange of India Ltd (NSE) Ajay Kanwal Chief Executive Officer (CEO) Janalakshmi Financial Services Shikha Sharma MD & CEO Axis Bank M Nagaraja Sarma Chief MD United India Insurance Co Ltd. Shashi Shanker Chairman and MD Oil and Natural Gas Corporation Limited (ONGC) Union Minister of State for Tourism and Bharatiya Janata Party (BJP) leader K.J. Alphons Kannathanam was elected unopposed to the Rajya Sabha from Rajasthan Audrey Azoula Head United Nations Educational, Scientific and Cultural Organization (UNESCO) Indian- origin Canadian Global Goodwill Ambassador UNICEF YouTube star Lilly Singh Amitabh Bachchan Ambassador UNICEF Goodwill Ambassador for Polio – extended for 2 years Dr. (Ms.) Mamta Suri Executive Director Insolvency and Bankruptcy Board of India (IBBI) David Rasquinha MD (MD) Exim Bank E Sankara Rao MD and CEO IFCI Ltd, a government company Dilip Asbe Chief Executive Officer (Acting) National Payments Corporation of India (after retirement of A. P. Hota, its founding MD) Mohammad Mustafa Chairman and MD SIDBI Dhirendra Swarup Chairman Bombay Stock Exchange Ashish Chauhan CEO Bombay Stock Exchange Sanjaya Baru Secretary General Federation of Indian Chambers of Commerce & Industry (FICCI) Prasoon Joshi Chief CBFC (Central Board of Film Certification) Nandan Nilekani Chairman Chairman of the board of directors of Infosys Ashwani Lohani Chairman Railway Board (succeeds AK Mittal) He was former Air India chief Shashi Shekhar CEO (addition charge) Rajya Sabha TV Vempati Desh Deepak Verma Secretary General Rajya Sabha PV Sindhu Brand Ambassador Bridgestone India Akshay Kumar Brand Ambassador For Swachh Bharat Mission in Uttar Pradesh Rahul Dravid Brand Ambassador InCred, the Mumbai-based new age financial services group Rajiv Mehrishi Comptroller and Auditor India (He took charge from Shashi Kant Sharma)
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General Rajiv Kumar Vice Chairman NITI Aayog Rajiv Bansal Chairman and MD Air India (succeeds Ashwani Lohani) Rajiv Kumar Secretary Department of Financial Services, Ministry of Finance Sanjaya Baru Secretary General Federation of Indian Chambers of Commerce and Industry (Ficci) India TV chairman and President News Broadcasters Association (NBA) editor-in- chief Rajat Sharma Y.C. Modi Director General National Investigation Agency (NIA) Gopal Singh Chairman and MD Coal India Ltd (CIL) Akshay Kumar Ambassador Uttarakhand Swachh Bharat Mission brand ambassador Sanjeev Kapoor Ambassador World Food India s Food Street. Food Street, being held by Ministry of Food Processing Industry, will be hosted for the first time in India from November 3. Parineeti Chopra first Indian woman Ambassador for Tourism Australia David Harquail Chairman World Gold Council. It is headquartered in London United Kingdom Eman Al-Ghamdi First time a Saudi woman has been named to a senior government post for the first time. Kenneth I Juster Ambassador US Ambassador to India. Juster is Successor to Richard Verma (First US Ambassador to India of Indian origin) Ajay Bisaria India s new High Commissioner He succeeded Gautam Bambawale to Pakistan Sohail Mahmood Pakistan's High Commissioner to India Justice Gopal Prasad Chief Justice Nepal Parajuli Ned Segal Chief Financial Officer Twitter Saima Wazed Hossain Goodwill Ambassador for For WHO South-East Asia Region (daughter of Autism Bangladesh Prime Minister Sheikh Hasina) Soumya Swaminathan WHO Deputy Director General (from India) for Programmes Jane Ellison WHO Deputy Director General for Corporate Operations Neymar Jr (Brazil s Brand Ambassador Handicap International footballer) S Aparna Executive Director World Bank to represent the constituency of India, Bangladesh, Bhutan and Sri Lanka for three years. French Audrey Azoulay Director-General UNESCO Angela Merkel Chancellor Germany
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Jacinda Ardern Prime Minister New Zealand Ukhnaa Khurelsukh Prime Minister Mongolia Peter O Neill Prime Minister Papua New Guinea Sapar Isakov Prime Minister Kyrgyzstan Mercedes Aráoz Prime Minister Peru Fernández Hassan Rouhani President Iran Uhuru Kenyatta President Kenya Khaltmaa Battulga President Mongolia Halimah Yacob President First woman and 8th President of Singapore Joao Lourenco President Angola Christopher Wray Director FBI (Federal Bureau of Investigation) Resignations/Terminations Vikram Limaye resigned from a Supreme Court-appointed BCCI committee, clearing the way for his appointment at NSE CEO. Arvind Panagariya resigns as NITI Aayog Vice Chairman Pahlaj Nihalani removed as CBFC (Central Board of Film Certification) chief Rajya Sabha TV CEO Gurdeep Singh Sappal announced resignation from the post. Vishal Sikka resigns as Infosys MD and CEO. B. Pravin Rao given interim charge. Indian women s boxing s first foreign coach, Stephane Cottalorda, has ended his stint abruptly after just one month in India, alleging delay in salary and other payments. He is from Paris, France. Brian Acton, the co-founder of WhatsApp which was later acquired by Facebook, has announced that he was leaving the company to start a non-profit venture of his own. Acton had co-founded WhatsApp with Jan Koum in 2009 and agreed to sell it to Facebook in 2014 for approximately $19 billion USD in cash and stock. Iceland s Prime Minister Bjarni Benediktsson has resigned Nawaz Sharif stepped down as Prime Minister of Pakistan Lebanese Prime Minister Saad Hariri resigned Kwon Oh-hyun, Samsung Electronics CEO, vice chairman, and the head resigned from his post Facebook India MD Umang Bedi quits, Bhushan interim MD The Nepal government has accepted the resignation of its Ambassador to India, Deep Kumar Upadhyay, to contest the upcoming parliamentary elections. Solicitor General Ranjit Kumar, the country s second-most senior legal officer, has resigned citing personal reasons. The World Health Organisation (WHO) has announced that Zimbabwe President Robert Mugabe s appointment as its Goodwill Ambassador has been cancelled. He was just recently appointed as the WHO s Goodwill Ambassador.
Awards and Recognitions
Award Name Person/Institution Extra Knowledge PM s trophy for best Integrated Steel Tata Steel Ltd Plant Golden Peacock environment Danfoss India management award
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Golden Peacock Award for Eco Indian Railways Organization Innovation for Alternate Fuel (IROAF) Personality of the Year Kishore Sansi, Managing Awarded by Skoch Consultancy Services Director and CEO of Vijaya Bank IIM Bangalore for making management education accessible to all through Massive Open Online Courses (MOOCs). General Insurance Company of the Apollo Munich Health Year Insurance Company Jnanpith award 2017 Krishna Sobti He is an eminent Hindi Litterateur Tata Literature Live! Lifetime Girish Karnad Achievement Award 2017 Mother Teresa Memorial Award for United Nations High Social Justice, 2017 Commissioner for Refugees (UNHCR) Airline of the Year for 2018 Air New Zealand Magsaysay Awards Yoshiaki Ishizawa He is a Japanese historian who helped save Cambodia s renowned Angkor Wat temple complex Parmod Mahajan Smriti Award Anupam Kher and Saira Banu Golden Peacock Award in category -- N Chandrababu Naidu He is current Andhra Pradesh Chief Minister Global Leadership in Public Service and Economic Transformation Prem Nazir Award Sharada She is veteran actor and national award winner Saraswati Samman for 2016 Konkani writer She has been awarded for her work Mahabaleshwar Sail Hawthan that captures the lives of the potter community in Goa. National Awards for senior citizens Gurbax Singh Sandhu He is Indian boxing coach Lal Bahadur Shastri National Award Bindeshwar Pathak for Excellence in Public Administration, Academics and Management for the year 2017 Mrs India Worldwide 2017 Neha Deshpande Miss India America 2017 India LaRoda She is Indian-African American 1st Miss Transqueen India Natasha/Nitasha Biswas She hails from Kolkata Transgender beauty pageant held in Gurugram. Miss India Australia 2017 Aarzu Singh Best Woman Entrepreneur Award Upasana Taku She is Mobikwik co-founder 2017 Global Agriculture leadership award K Chandrasekhar Rao He is Telangana Chief Minister John Stewart Bell Prize Ronald Hanson A trio of scientists who defied Einstein by Sae-Woo Nam proving the nonlocal nature of quantum
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Anton Zeilinger entanglement will be honoured with the John Stewart Bell Prize from the University of Toronto (U of T). 2017 SASTRA Ramanujan Prize Maryna Viazovska Received award for her contribution to number theory Global Diversity Award at Britain s Salman Khan The Global Diversity Award is given to House of Commons people of immense stature in terms of what they have done for diversity in the world. National Tourism Awards - Hall of Gujarat Fame award for being the Best State in Comprehensive Development of Tourism National Tourism Awards - Best Madhya Pradesh Tourism State UN peace prize Zannah Mustapha He is a Nigerian lawyer who helped secure the release of more than 100 schoolgirls kidnapped by Boko Haram 2017 World Food Prize Award Akinwunmi Adesina He is from Nigeria. Also Adesina is the current President of the African Development Bank. 2017 Man Booker Prize George Saunders He is US Author. Awarded for his novel Lincoln in the Bardo Blue Planet Prize Hans Joachim Schellnhuber He is German theoretical physicist Sikkim Chief Minister Pawan Chamling was honoured for his pioneering work in the field of organic farming during a ceremony at Germany s Lagau on the occasion of the One World Festival. At a young age of 30, Captain Divya has become world s youngest woman commanders to fly a Boeing 777 airplane ever. ASSOCHAM (Associated Chambers of Commerce and Industry of India) bestowed CMC Skills Founder Ms. Maya Swaminathan Sinha with the Entrepreneur of the Year Award 2017 Nine-year-old Kaamya Karthikeyan became the youngest person to reach the summit of the 6,153 metres-high Mt Stok Kangri in Kashmir. Melbourne in Australia named the world s most liveable city by The Economist. Damascus in Syria given the lowest rank – world s worst liveable city.
RECOGNITIONS
Harry Potter creator JK Rowling named world s highest-earning author by Forbes World s Highest-Paid Actresses 2017 list topped by Emma Stone of USA – Forbes List World s highest paid actor is Mark Walhberg; Shah Rukh Khan ranks 8th – Forbes List Highest paid female athletes of 2017 list topped by American tennis player Serena Williams - Forbes list Alibaba Group s Jack Ma - Asia s richest man, according to the Forbes real-time billionaires list. Bill Gates of Microsoft has topped Forbes list of the world s billionaires. Mukesh Ambani topped the list in India Fortune's 2017 '40 Under 40' list topped by French President Emmanuel Macron According Forbes magazine s annual India Rich List 2017 , Reliance Industries chief Mukesh Ambani emerged as India s wealthiest for the 10th straight year
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Amazon Founder Jeff Bezos has overtaken Bill Gates to become the world s richest person with a net worth of $91.6 billion. Late singer Michael Jackson has been named the highest-earning dead celebrity for the 5th consecutive year by For es. His ear i gs ha e ee esti ated to e $ illio ₹ rore . Forbes released the top 20 richest sportsmen in the world for 2017 with Real Madrid superstar, Cristiano Ronaldo leading the chart. Acknowledging the role played by yoga legend Bishnu Charan Ghosh and his family members in spreading Indian postural yoga in Japan, the Japanese postal department has released postage stamps on four of Bengal s famous exponents of the ancient Indian practice. Two mountain ranges on Pluto have been named after Tenzing Norgay and Edmund Hillary respectively by the International Astronomical Union. Tenzing Montes and Hillary Montes are mountain ranges honouring Tenzing Norgay (1914-1986) and Sir Edmund Hillary (1919-2008), the Indian/Nepali Sherpa and New Zealand mountaineer who were the first to reach the summit of Mount Everest and return safely. Mansour Anis, a 14-year-old Indian-origin teenager based in Sharjah, UAE has become one of the youngest pilots to fly a single-engine aircraft Two Indians — Chanda Kochhar and Shikha Sharma — have made it to the rankings of most powerful women in business outside the United States drawn up by the Fortune magazine while Indra Nooyi featured in the top three on the US edition list. Topped by Banco Santander group executive chairman Ana Botin. PepsiCo chairman and CEO Indra Nooyi came in at No. 2 on the US Most Powerful Women in Business list, led by General Motors chairman and CEO Mary Barra. In commemoration of the first anniversary of her canonisation, the Archdiocese of Calcutta is set to declare Mother Teresa as its co-patron. Google Doodle, celebrated 100th birthday of Asima Chatterjee, a renowned Indian chemist, who was the first female Doctorate of Science in India from an Indian University. An Indian Police Service (IPS) Officer of Uttar Pradesh Cadre, Aparna Kumar has become the first Indian woman to scale Mount Manaslu, which is the eighth highest mountain peak in the world. CEO of ICICI Bank Chanda Kochhar was named the most powerful woman in India as she ranked 32nd in World s 100 Most Powerful Women list by Forbes. This year s list is topped by German Chancellor Angela Merkel. With a net worth of $38 billion, Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped Forbes annual list of India s 100 richest tycoons of 2017. He is followed by Wipro s Azim Premji and Hinduja family. Tata Power Solar has won Dun & Bradstreet – Everest Infra Awards 2017 under Infrastructure Project category for commissioning India s largest solar project under Domestic Content Requirement for NTPC at Anantapur in Andhra Pradesh. The Sri Ranganathaswamy Temple in Srirangam, the sacred shrine temple has won the UNESCO Asia Pacific Award of Merit 2017 for cultural heritage conservation following the massive renovation and restoration work . Indian short film The School Bag , which tells a story based in Pakistan, has won the Best Short Film Award at the South Asian Film Festival of Montreal (SAFFM). The film is directed by Dheeraj Jindal.
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Conference and Summits
Summit Place . Extra Knowledge 2017 BRICS Trade Union Forum Beijing, China . 2017 BRICS Education Ministers Beijing, China . 2017 BRICS Youth Forum Beijing, China . 2017 BRICS Labour & Employment Ministers Chonqging, China . Meet 2017 BRICS trade Ministers meeting Shanghai, China . 9th BRICS summit (2017) Xiamen, China 10th BRICS summit Johannesburg, South . to be held in 2018 Africa Global Clubfoot Conference New Delhi . First meeting of Islands Development Agency New Delhi . (IDA) 8th World Renewable Energy Technology New Delhi Congress Meeting of Regional Technical Group on Trade, New Delhi Commerce and Investment CBM Retail India Summit and Expo (RISE 2017) New Delhi First Edition of WINGS 2017 – Sab Uden, Sab New Delhi Juden First ever National Conference on Mission New Delhi Mode to address Under-Nutrition Conference on Sustainable Landscapes & Forest New Delhi In the conference, Wood is Good Ecosystems : Theory to Practice campaign launched. The purpose of the campaign is to promote wood as a climate-friendly resource and substitute to materials like steel and plastic. First National Conference on Uniformed New Delhi Women in Prison Administration North East Calling New Delhi Rajaswa Gyan Sangam, 2017 New Delhi India Mobile Congress 2017 New Delhi First BIMSTEC disaster management exercise New Delhi To be conducted between October 10-13 and acronymed as BIMSTEC DMEx-2017 First Meeting of BIMSTEC Task Force on New Delhi Traditional Medicine Third Global Investors India Forum New Delhi Third International Conference on Yoga New Delhi Theme - Yoga for Wellness International Conference on Consumer New Delhi India did not invite Pakistan and Protection North Korea to attend the conference
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Global Conference on Stroke New Delhi Tech Summit 2017 New Delhi First ever Nordic-Baltic youth film festival New Delhi . Island Development Agency (IDA) Meet New Delhi . Three-Day International Conference – New Delhi FIPSPHYSIOCON 2017 Global Clubfoot Conference New Delhi . 21st World Congress of Mental Health New Delhi World Food India 2017 New Delhi . 1st Heli Expo India and International Civil New Delhi Helicopter Conclave-2017 India Disaster Response Summit New Delhi Jointly by the National Disaster Management Authority (NDMA) and Facebook Asean-India business and investment summit New Delhi To be held in January 2018 Asian Bankers Association (ABA) Mumbai Hosted by State Bank, with the theme of Asia s turn to transform . 1st Tribal Entrepreneurship Summit Dantewada, Chhattisgarh Sangai International Festival Manipur Nobel Prize Series — India 2018 (Science Goa Impacts Life) 20th International Children s Film Festival Hyderabad, Telangana India s first Military Literature Festival Chandigarh Organic World Congress – 2017 Greater Noida Global Conference on Cyber Space 2017 India World Congress on Adolescent Health India Theme: Investing in Adolescent Health the Future is Now International AYUSH Conference and Exhibition India Theme -- Lifestyle diseases: 2017 Prevention and management through AYUSH CMS Conference of the Parties CMSCOP13 India To be hosted in 2020 as announced by UN for Environment Programme International Conference on Dialogue of India at Delhi, Gandhinagar and Civilizations – IV Dholavira International medical conference Chandigarh . International puppet festival Kolkata The puppet festival is aimed at regenerating the emotions attached to puppetry and it will be held at Mohorkunj in Kolkata. First ever ASEAN-India music festival Purana Quila in New Delhi 19th World Congress on Environment Hyderabad, Telangana Management Global Entrepreneurship Summit 2017 Hyderabad
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24th Congress of International Union of Hyderabad Crystallography World Congress of Optometry Hyderabad International Children s Film Festival, also called Hyderabad Theme for this year s festival -- The Golden Elephant New India . India International Cherry Blossom Festival Shillong, Meghalaya First International Aviation Security seminar Manesar, Haryana Organized by National Security Guard (NSG) International seminar and Global Ayurveda meet Kochi, Kerala . In February, 2018 12th World Sudoku Championship and the 26th Bengaluru . World Puzzle Championship India-Asean Youth Summit Bhopal, MP to mark the 25th anniversary of the India-Asean dialogue partnership First South Asian Youth Summit-2017 Bhubaneswar, Odisha Coastal Shipping and Inland Water Kochi, Kerala Transportation Business Summit 2017 12th India-Japan annual summit Gandhinagar, Gujarat Japan PM Shinzo Abe came to India and met PM Modi Indian Society of Aerospace Medicine Bengaluru Eastern Economic Forum Russia Bangladesh-India Joint Consultative Commission Dhaka, Bangladesh 15th meeting of the Foreign Ministers of Kathmandu, Nepal BIMSTEC countries G-7 interior ministers summit on security Italy International conference on maternal and child Ethiopia health Indra Combat Exercise Russia India, Russia to Hold Major Tri- Service International Maritime Search and Rescue Bay of Bengal Exercise (IMMSAREX) Mitra Shakti 2017 Pune, Maharashtra It is 5th India-Sri Lanka joint training exercise. APEC (Asia-Pacific Economic Cooperation) Da Nang, Vietnam Theme - Creating New Dynamism, Summit 2017 Fostering a Shared Future International Energy Agency (IEA) Ministerial Paris, France Meet 23rd Conference of Parties (COP-23) to the Bonn, Germany India Pavilion at COP 23 was also United Nations Framework Convention on inaugurated there. Climate Change (UNFCCC) India s theme for COP 23 is Conserving Now, Preserving Future World Youth Forum 2017 Sharm El sheikh, Egypt International Conference on Ramayan Circuit Janakpur, Nepal and Mithila-Awadh Relations ASEAN Summit 2017 Manila, Philippines
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East Asia Summit 2017 Manila, Philippines South Asia Economic Summit Kathmandu, Nepal 8th SAARC speaker Parliamentarians conference Sri Lanka ASEAN-India Pravasi Bharatiya Diwas Singapore To be held in 2018 4th ASEAN Defense Ministers Meeting (ADMM) Clark, Philippines Plus -- Southeast Asian defence ministers meeting South Asian Association for Regional Co- Colombo, Sri Lanka operation in Law (SAARCLAW) 2nd World Congress on Marxism Beijing, China To be held in 2018 India-UAE Partnership Summit Dubai, UAE United Nations conference on nuclear energy Abu Dhabi, UAE 21st India-Myanmar National Level Meeting Nay Pyi Taw, Myanmar 22nd World Petroleum Congress (WPC) Istanbul, Turkey International Conference Climate Summit on December 12, 2017 Paris, France SAARC Ministers of Law and Order meeting Colombo, Sri Lanka SAARC artists camp & exhibition of paintings Kathmandu, Nepal 7th ASEM (Asia–Europe Meeting) Economic Seoul, South Korea Theme for this year s meeting was Ministers Meeting Innovative Partnership for Inclusive Prosperity . UN General Assembly (UNGA) session New York, USA External Affairs Minister Sushma Swaraj represented India at the annual UNGA session International Hindu Conference Kathmandu, Nepal Theme: Emerging spiritualism: Renaissance of Hinduism India will host the next steering committee meeting of the proposed 1,814 kilometre-long Turkmenistan- Afghanistan-Pakistan-India (TAPI) gas pipeline.
International News
Kingdom of Saudi Arabia to Implement Energy Efficiency Programmes, Signs MoU with Energy Efficiency Services Limited (EESL) India contributes $500,000 to UN Peacebuilding Fund. UN cuts peacekeeping budget by $570mn for the next accounting year India not to host G20 meet due to absence of mega centre. Japan will be the host country in 2019. New continent discovered under New Zealand, called Zealandia Australia s joined the International Solar Alliance (ISA). ISA is India s initiative aimed at boosting clean and affordable energy and creating a sustainable world. Bolivia s President Evo Morales has declared total independence from the International Monetary Fund (IMF) and World Bank. The world s first full—scale floating wind farm — with turbines taller than the Britain s Big Ben — is being built off the coast of Scotland.
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Indonesia will now refer to the northern areas of its exclusive economic zone in the South China Sea as the North Natuna Sea . Fascinating 71 million-year-old bird-like dinosaur the size of a HUMAN is found in Canada Israel's Chrysanthemum flower will be called as 'Modi' in order to honour Prime Minister Narendra Modi. South Korean electronics giant Samsung has surpassed Intel to become the world s largest maker of computer chips. The UNESCO World Heritage Committee acting on a proposal brought by Palestine has put the West Bank city of Hebron on its list of world heritage in danger. The British government has launched a new project titled the Grand Trunk Road to mark the 70th anniversary of India s partition in August 1947. The world s first centre for breeding Saola, a critically endangered hoofed mammal, is being constructed in Vietnam s central region. ISIS confirms leader Abu Bakr al-Baghdadi is dead Sri Lanka has banned plastic shopping bags as it is facing a dengue epidemic and garbage crisis. World s longest suspension footbridge opens in Switzerland, overtakes Titan-RT bridge in Germany. The International Atomic Energy Agency (IAEA) decided to open the Low Enriched Uranium Bank in Kazakhstan. The IAEA opened the bank to ensure the supply of nuclear fuel in the event of disruption due to political or market problems. The first regional centre of the New Development Bank, set up by India and other BRICS nations, was officially opened in Johannesburg, South Africa. In a first, Nepal has launched its climate-smart snow leopard landscape management plan, leading the way in safeguarding this endangered species, also found in India, and its habitat. Kenyans producing, selling or even using plastic bags will risk imprisonment of up to four years or fines of $40,000, as the world s toughest law aimed at reducing plastic pollution came into effect. Pakistan s new cabinet included the first Hindu in a Pakistan government in more than 20 years, Darshan Lal. In an apparent bid to take on Google-owned YouTube, Facebook has rolled out Watch — a redesigned video platform for creators and publishers. According to global leader in broadband testing Ookla, Norway has the fastest mobile Internet in the world. UN declares Somalia free of polio China will run the world's fastest bullet train -- the Fuxing -- between Beijing and Shanghai at 350 kms per hour, covering the 1,250-km-long distance (equal to that between Jammu to Bhopal) in just 4.5 hours from September 21. China is going to launch the world's first nuclear power plant, the Sanmen Nuclear Power Station, that is immune to meltdow . The US a d Chi a joi tly i ested o er ₹ , rore for uildi g the rea tor used i the pla t. Severe Typhoon Hato hits Hong Kong. Pakhar, the 14th typhoon of the year, landed in the Chinese city Taishan in Guangdong province, bringing gales of up to 33 meters per second. Pakhar hit the province soon after Typhoon Hato, which landed in Zhuhai, about 80 km from Taishan. Hurricane Harvey menaces Texas, Louisiana in the USA. Hurricane Maria devastates island of Dominica Mawar, the 16th typhoon of this year, has made landfall in China s Guangdong province, bringing heavy rains and winds, Hurricane Irma kills 10 people in Cuba
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The WHO has released its first tranche of emergency funding of $175,000 to provide lifesaving healthcare to the vulnerable population in Bangladesh s Cox s Bazar. The US will provide a humanitarian aid package worth $32 million to the Rohingya Muslim minority who have fled violence in Myanmar and crossed into neighbouring Bangladesh. Norway s sovereign wealth fund, the largest in the world, has reached the value of $1 trillion for the first time, the Norwegian central bank, which manages the fund, said. This amount equals nearly $189,000 (157,000 euros) for each of the 5.3 million people living in Norway. Chabahar Port in Iran will be operational by the end of 2018. Chabahar port, located in the Sistan-Balochistan province in the energy-rich Persian Gulf nation s southern coast, lies outside the Persian Gulf and is easily accessed from India s western coast, bypassing Pakistan. Prime Minister Narendra Modi announced that India will grant gratis visa to Myanmarese citizens wanting to visit the country. Energy Efficiency Services Limited ( EESL) , under Ministry of Power, Government of India has launched UJALA (Unnat Jyoti by Affordable Lighting for All) Scheme in the State of Melaka, Malaysia. Nepal has begun its first-ever survey to remeasure Mount Everest to check if the world s tallest peak s height was altered by the 7.8-magnitude earthquake that struck the country in 2015. Prince Charles, the heir to Britain s throne, has become the longest-serving Prince of Wales in history. United States banking regulator has shut down operations of Pakistan s Habib Bank (HBL) in New York after almost 40 year. Chinese President Xi Jinping has announced $76 million for a BRICS economic and technology cooperation plan and another $4 million to support the projects of the bloc s New Development Bank at the BRICS summit in Xiamen, China. China has issued a commemorative stamp priced at 1.2 yuan in honour of the world s largest radio telescope located in Guizhou province. The Chinese government has banned initial coin offerings, a new fundraising phenomenon that has taken the Internet by storm. Russia has launched the world s largest and most powerful icebreaker ship, designed to transport cargo via the Northern Sea Route in the Arctic Ocean. The Tajikistan government has banned its women from wearing veils and has introduced a legislation, wherein it has asked the women to stick to traditional national clothes and culture . The International Union for Conservation of Nature (IUCN), has taken snow leopard off the endangered list, where it was included in 1972. In the new assessment, IUCN has placed the animal under the less-threatened vulnerable category. Saudi Arabia has invited women to a sports stadium for the first time to attend the kingdom s 87th National Day celebrations with their families. This marks a shift from previous celebrations in the kingdom where women are effectively barred from sports arenas. Saudi women will be allowed to drive in the kingdom in 2018 Saudi Arabia has voted to allow women to issue fatwas, following a vote in Saudi s advisory council. The INTERPOL General Assembly has voted to admit the State of Palestine and the Solomon Islands as new member countries. The membership of the world policing body now totals 192.
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BRICS-themed subway train debuts in China A BRICS-themed subway train with carriages representing the five member nations including India has started test operations in China s southeastern Xiamen city. The subway train, which started its test run, has six carriages, five of which represents different cultures of the BRICS countries — Brazil, Russia, India, China and South Africa. The Indian carriage depicts elephants and yoga. The Chinese carriage is red and displays icons such as the Great Wall and Tian anmen Square. The Brazilian carriage is green and decorated with images of footballs and football stars. The Russian carriage shows off the country s ballet and matryoshka dolls. The South African carriage displays pictures of diamonds. The sixth carriage combines cultural elements from all the five BRICS countries. The world s first hybrid electric tram powered by hydrogen fuel cells has started running in China. The world s first track-less trains have begun the test runs in China. Promoted as the World s First smart train, the vehicle operates on virtual rail lines and could travel as quickly as 70 kmh. The smart train is called Autonomous Rail Transit (ART). USA and Israel withdrew from UNESCO over anti-Israel bias . The United Arab Emirates has begun collecting new sin taxes on tobacco products, energy drinks and soft drinks. Burqa ban comes into effect in Austria India will be the guest of honour during the sixth edition of the World Government Summit scheduled from February 11th – 13th, 2018 in Dubai. Catalonia s regional parliament declared independence from Spain in a disputed vote that is now likely to be declared illegal by Spain s constitutional court. From 2019, measure of kilogram will be set by value of Planck constant in combination with definitions of meter and second. Earlier, definition of kilogram was given by a salt-shaker-sized cylinder housed at the Bureau International des Poids et Mesures (BIPM), Paris. Burundi is all set to become the first country to withdraw from the International Criminal Court (ICC). Asia now has the most billionaires in the world, surpassing the US for the first time, according to a report by UBS and PwC. Saudi Arabia has become the first country to give a robot citizenship. The move is an attempt to promote Saudi Arabia as a place to develop artificial intelligence – and, presumably, allow it to become a full citizen. Robot is named – Sophia. Scotland has finished constructing the world s first floating wind farm . External Affairs Minister Sushma Swaraj opened the new chancery complex of the Indian High Commission in Dhaka, Bangladesh. The United Arab Emirates (UAE) has highlighted its intention to make 2020 a unique year for the country s space sector by launching the first Arab probe to Mars. Vanuatu, a South Pacific archipelago, has become the first nation to accept Bitcoins as payment for its investment citizenship program. PM Narendra Modi visited the International Rice Research Institute (IRRI) in Los Banos, Philippines and inaugurated Shri Narendra Modi Resilient Rice Field Laboratory . Fake news, a term heavily popularised by US President Donald Trump, has been named the word of the year by Collins dictionary due to its widespread use around the world. It was found that the use of this word registered a
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365 per cent rise in the last 12 months. Fake News - false, often sensational, information disseminated under the guise of news reporting . Last year, term selected was – BREXIT. US grants $500k to promote religious freedom in India, Sri Lanka United Nations hosts first talks on use of killer robots in Geneva. Kazakhstan is changing its name to Qazaqstan as part of a transition from Cyrillic to a Latin-based script. A national commission will be set up to oversee the transition, which will be completed by 2025. A female bottlenose dolphin named Nana , thought to be around 47 years old, has died at a Japanese aquarium A five-ship Indian naval training flotilla, based in Kerala is on a visit to Sri Lanka to foster bridges of friendship between the two countries and expose their trainees to foreign waters. China has unveiled Asia s largest artificial island-building ship. China, which on its way to emerge as a Space Superpower, has claimed be the first nation to make contact with alien life using the world s largest radio dish. Guinea becomes new member of International Solar Alliance Typhoon Damrey arrives in Vietnam Nepal inaugurated a bridge built with India s financial assistance of USD 430,626 on the Kaligandaki river near China border. Nepal scraps 1200-MW Budhigandaki Hydroelectric project with China National News
Right of Children to Free and Compulsory Education (Amendment) Bill, 2017 passed in Lok Sabha - The Bill amends the Right of Children to Free and Compulsory Education Act (RTE), 2009 to extend the deadline for teachers to acquire the prescribed minimum qualifications for appointment. Deadline - March 31, 2019 Pradhan Mantri Vaya Vandana Yojana (PMVVY) for elderly with 8 per cent fixed rate of interest on their savings launched. Govt Launches Sohum , A Low-Cost Device To Test Hearing of NewBorns India will invite the ten Association of Southeast Asian Nations (ASEAN), leaders for the Republic Day parade and celebrations next year. Republic Day 2018 will be the first time ever that so many leaders will together be chief guests at the parade. Govt bans presenting flower bouquets to welcome PM Modi Cabinet approved the International Rice Research Institute (IRRI), South Asia Regional Center (ISARC) in Varanasi, which will work to develop special rice varieties. Union Cabinet gave approval to the merger of oil marketer Hindustan Petroleum Corp Ltd (HPCL) with state-run explorer Oil and Natural Gas Corp. (ONGC). PM Modi adopted his 3rd village Kakrahia, a village in Varanasi known for its wrestlers and wrestling arenas under the Sansad Adarsh Gram Yojana. The Union Ministry of Power has announced that about 97% of the total outstanding debt of all state power distribution companies has been covered under the Ujwal DISCOM Assurance Yojana. The United Forum of Bank Unions decided to observe July 19, the 48th anniversary of nationalisation of major banks, as Save public sector banks day. The government has set a target of constructing 57 thousand kilometers of roads under Pradhan Mantri Gram Sadak Yojana (PMGSY) during 2017-18. India has declared itself free from highly pathogenic Avian Influenza (H5N1 and H5N8) after surveillance in the states showed no evidence of its presence.
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The government will set up Garib Nawaz skill development centres in 100 districts of the country to offer employment-oriented training to the youth from minority communities. Rare White tiger spotted Nilgiri Biosphere Reserve located in the Western Ghats. Country s first solar powered DEMU train dedicated to nation. Will run from Sarai Rohilla in Delhi to Farukh Nagar in Haryana India has advanced its target of eliminating malaria by three years to 2027. Earlier the target was 2030. Ministry of Housing and Urban Affairs (MoHUA) is the new name for urban development & housing ministry. Railways has launched RailCloud, a virtual server with an inbuilt security system that will enable faster connectivity at a reduced cost. Also launched the first application on RailCloud named Nivaran , which is a grievances redressal portal The Telecom department has made it mandatory for all phones, including feature phones, to install Global Positioning System (GPS) from January 1, 2018. Auto major Tata Motors has rolled out the country s first bio-CNG (bio-methane) bus. 200th anniversary celebrations of the Paika Rebellion of Odisha inaugurated on July 20, 2017 in New Delhi The Women and Child Development ministry has launched an online platform SHe-box (sexual harassment electronic box) to enable women employees of the central government to file complaints related to sexual harassment at the workplace. The Archaeological Survey of India (ASI) has declared 1,076 temples as protected monuments in the country. The Indian Commodity Exchange (ICEX) launched the world s first diamond futures contracts to provide exporters with a hedging tool. The Centre has decided to observe this 70th Independence Day on August 15 as Sankalp Parva . A order said that August 15, 2017 be celebrated as the Sankalp Parva or the Day of Resolve, and in 2022 our nation will transform that resolve into Siddhi or attainment. SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) scheme renamed as Pradhan Mantri Kisan Sampada Yojana (PMKSY). New initiative SAMADHAN (S-Smart Policing and Leadership; A -Aggressive Strategy, M-Motivation and Training, A- Actionable Intelligence; D-Dashboard for Development and Key Performance Indicators, H-Harnessing Technology for Development and Security, A-Action Plan for each Theatre and N-No access to Financing) launched to control the situation in the LWE affected states. All-India Elephant Population Estimation shows that India has 27,312 elephants. Highest being in Karnataka (6,049) Union Environment, Forest and Climate Change Minister, Dr. Harsh Vardhan, launched Gaj Yatra , a nationwide campaign to protect elephants on the occasion of World Elephant Day. Environment Minister Harsh Vardhan launched the Harit Diwali, Swasth Diwali campaign to celebrate a pollution- free Diwali. National Sports Talent Search Portal launched. The portal, nationalsportstalenthunt.com, aims to provide a direct link to help kids and youngsters reach the ministry and senior sports administrators with their achievements. India Permitted to Construct Kishanganga (330 megawatts) and Ratle (850 megawatts) hydroelectric power plants: World Bank. Pakistan has opposed the construction of these. Kishanganga on Jhelum River and Ratle on Chenab River. Government has launched the Measles-Rubella (MR) vaccination campaign to reduce measles morbidity and mortality. Campaign will cover children in the age group of 9 months to less than 15 years. India has the most number of child deaths due to tuberculosis, according to a Lancet study which found that over 55,000 children died from the disease in the country in 2015. India s first World Peace University (Dr Vishwanath Karad MIT World Peace University (MIT-WPU)) inaugurated in MIT, Pune. India s first railways disaster management village is expected to come up near Bengaluru by December 2018.
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The Ministry of Youth Affairs and Sports is going to establish National Sports Museum, first of its kind, at Jawaharlal Nehru Stadium, New Delhi. In its first visit to India, American Navy s amphibious dock landing ship USS Pearl Harbor arrived in Goa as part of defence cooperation between the two countries. US tech giant Google has unveiled Tez - a simple and secure mobile app for digital payments and commerce, built with the goal of working for everyone in India, and is available now for download on Google Play (Android) and the App Store (iOS). App is available in English and seven Indian languages (Hindi, Bengali, Gujrati, Kannada, Marathi, Tamil, and Telugu). Tez works in partnership with four Banks – Axis Bank, HDFC Bank, ICICI Bank, and State Bank of India (SBI) – to facilitate the processing of payments across over 50 UPI enabled banks. The Union Ministry of Human Resource and Development (HRD) on 5 September 2017 launched DIKSHA Portal (diksha.gov.in) for providing digital platform to teachers for making their lifestyle more digital. DIKSHA will enable, accelerate and amplify solutions in the realm of teacher education. PM Narendra Modi launched a postage stamp based on Ramayana during his visit to historic Tulsi Manas temple in Varanasi and said that stamps are a wonderful way to preserve history. The Central Adoption Resource Authority (CARA) of the Ministry of Women & Child Development has started a monthly Jan Sampark program to enable the public to have interaction with its officials and staff The government has decided to increase the retirement age of central government doctors including those working under the AYUSH ministry and in the railways to 65 years. Dr. Harshvardhan launched Pt Deen Dayal Upadhyay Vigyan Gram Sankul Pariyojana which will experiment and endeavour to formulate and implement appropriate S&T Interventions for Sustainable Development through cluster approach in Uttarakhand Minister of State Health and Family Welfare Anupriya Patel launched a nationwide health campaign to sensitise women about the early screening and the preventive care for cancer. Theme – Nurturing the Nurturer . The Ministry of Health and Family Welfare has launched two new contraceptives, an injectable contraceptive MPA under the Antara programme and a contraceptive pill, Chhaya, in the public health system to expand the basket of contraceptive choices to meet the emerging needs of couples. The Ministry for Electronics and Information Technology (MeitY) has launched a nationwide hackathon OpenGovDataHack to support and showcase potential ideas/talent from inner India. The hackathon aims to enable participants develop their ideas into apps/infographics primarily by the use of open government data around the themes of drinking water and sanitation, transport, education, health, and crime to a stage, after which it can be evaluated by a jury and be selected for prizes and support/funding. The Union Cabinet has given its approval for an increase of 1% additional Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners to compensate for price rise. This additional installment of DA represents an increase of 1% over the existing rate of 4% of basic pay/pension. The Union Cabinet approved a Dairy Processing & Infrastructure Development Fund (DIDF) with an outlay of Rs 10,881 crore during the period from 2017-18 to 2028-29. India has started Operation Insaniyat to provided assistance to Bangladesh in response to the humanitarian crisis being faced on account of the large influx of Rohingya refugees into that country from Myanmar. INS Garhial of Indian Navy carried around 86 thousand family packs as relief material in the ongoing operation Insaniyat launched in support of Bangladesh for the Rohingya refugees. National Aluminium Company (Nalco), Hindustan Copper (HCL)and MECL, three state-run PSUs, have signed an MoU to form a joint venture — Khanij Bidesh India Ltd (Kabil).
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Government think-tank Niti Aayog has come out with the National Nutrition Strategy, seeking to put nutrition at the forefront of the narrative of the National Development Agenda. It aims at ensuring every child, adolescent girl and woman attains optimal nutritional status by 2022. The government issued an alert on spread of new malware Locky Ransomware that can lock computers and demand ransom for unlocking them. The Department of Biotechnology announced 3 missions focussing on the northeast India, including the B4, which is centred on the Brahmaputra s biodiversity and biology. This new project aims at starting a lab on boat on Bramhaputra river for biological analysis of the river system. The first laboratory under the Bramhaputra Biodiversity Biology Boat (B4) initiative will cover Pasighat, Dibrugarh, Neemati, Tejpur and Guwahati in Assam. Portal PENCIL (Platform for Effective Enforcement for No Child Labour) — an electronic platform for no child labour in the country is being developed by the Labour Ministry. Launched for effective implementation of the National Child Labour Project (NCLP). On the eve of Antyodaya Diwas 2017, the government has celebrated the Bharat Ke Kaushalzaade occasion on 24th September this year. Antyodaya Diwas has completed 3 years this year on 25th September. India, Asia s third-largest producer and exporter of coffee, has started producing the world s most expensive coffee, made from the poop of civet cat, on a small scale in Coorg district of Karnataka. The Civet coffee is also called as Luwark coffee. GOI inaugurated the first Pension Adalat and a pension app for Central Government employees in New Delhi. The Adalat aims to quick resolve long pending pension cases. Former Indian cricketer Sachin Tendulkar launched -Mission 24 for Mumbai s M east ward which is known to have one of highest slum population s in the city. India s first Centre for Animal Law has been established at the NALSAR University of Law At Hyderabad, Telangana. After remaining non-functional for the last three years the Janakpur-Jayanagar Railway line connecting Nepal and India is expected to become functional by 2018. Recently-released black comedy film Newton , starring Rajkummar Rao, is India s official entry to the 90th Academy Awards ceremony. The Kandla Port Trust in Gujarat has been renamed Deendayal Port Trust. An MoU was signed by Uttar Pradesh, Arunachal Pradesh and Meghalaya under the Ek Bharat, Shrestha Bharat program, to boost cultural ties. On the occasion of National Ayurveda Day, Prime Minister Narendra Modi inaugurated the All India Institute of Ayurveda (AIIA) at Delhi s Sarita Vihar. The All India Institute of Ayurveda, set up on a total area of 10.015 acres on a budget of Rs 157 crore, is the first medical institute under the AYUSH ministry to hold the coveted National Accreditation Board for Hospitals and Healthcare Providers (NABH) accreditation. India is among the five countries — Pakistan, Nigeria, Congo and Ethiopia being the others — responsible for half of all new-born deaths in the world, according to a UN report. The report, Levels and Trends in Child Mortality 2017 , revealed that 5.6 million children died before reaching the age of five in 2016. However, this is a marked decrease compared to 2000 when nearly 9.9 million children had died before turning five. Prime Minister Narendra Modi has inaugurated the first phase of the roll-on roll-off (ro-ro) ferry service connecting Saurashtra with south Gujarat. The first phase of the project worth Rs 650-crore connects Ghogha of Bhavnagar district in Saurashtra region to Dahej of Bharuch district in south Gujarat. This is the first of its kind project not only in India, but also in South-East Asia. Essar Projects, the EPC arm of Ruias-led Essar Group, has constructed and designed the roll-on-roll-off (ro-ro) terminals at both Dahej and Ghogha ports.
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India s first Pradhan Mantri Kaushal Kendra (PMKK) for Skilling in Smart Cities, in collaboration with New Delhi Municipal Council (NDMC) in New Delhi launched. Government has launched Sampoorna Bima Gram Yojana and expansion of Postal Life Insurance. Sampoorna Bima Gram (SBG) Yojana -- a minimum of one village will be taken up in each of the districts of the country, and efforts will be made to cover all households of the village with at least one Rural Postal Life Insurance policy each. The much-awaited Bureau of Indian Standards (BIS) Act has come into effect from October 12 with a provision to bring more services and products like jewellery under the mandatory standard regime. Parliament had, in March 2016, passed the law to replace the BIS Act of 1986. India s first Sewage Treatment Plant under Hybrid Annuity Mode to come up in Haridwar and Varanasi President Ram Nath Kovind inaugurated Shirdi International Airport in Ahmednagar district of Maharashtra. Ministries of power and textiles have jointly announced a new scheme SAATHI under which Energy Efficiency Services Limited (EESL) will provide energy efficient power loom equipment to small and medium units at no upfront cost. SAATHI -- Sustainable and Accelerated Adoption of efficient Textile technologies to Help small Industries. Cabinet approves SANKALP, STRIVE schemes to boost Skill India Mission SANKALP - Skills Acquisition and Knowledge Awareness for Livelihood Promotion -- Rs 4,455 crore Centrally sponsored scheme including Rs. 3,300 crore loan support from World Bank. STRIVE - Skill Strengthening for Industrial Value Enhancement -- Rs. 2,200 crore – central sector scheme, with half of the scheme outlay as World bank loan assistance. The Union Cabinet has approved road building programmes of around Rs 7 lakh crore with a target to construct 83,677 km of roads in the next five years. MSME Delayed Payment Portal – MSME Samadhaan (http://msefc.msme.gov.in), empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments by Central Ministries/Departments/CPSEs/State Governments. HRD Minister Prakash Javadekar announced that the Paika Bidroha (Paika rebellion) of 1817 will find a place in the history books as the First War of Independence from the next academic session. Paika Bidroha against the British rule took place four decades before the 1857 Sepoy Mutiny, which has so far been regarded as the First War of Indian Independence. The Government of India, has increased its stake in IDBI Bank to 77.79% by acquiring 3.81 per cent shares through preferential allotment. Railway Minister Piyush Goyal launched the railways first set of solar plants in Delhi with a total capacity of 5 megawatt peak (MWp), an ambitious project aimed at reducing the national transporter s carbon footprint. Prime Minister Narendra Modi dedicated the Indian Railways 110km Bidar-Kalaburgi railway track in the Hyderabad-Karnataka region that is aimed at reducing the distance between Bengaluru and New Delhi by 380km and travel time by six to eight hours President Ram Nath Kovind launched Mata Amritanandamayi Math s Rs 100 crore clean water initiative for rural India at the math headquarters in the coastal hamlet of Vallikkavu in Kerala India has opened 2 immigration check posts along the borders with Myanmar & Bangladesh. Myanmar - Zorinpui check post of Mizoram. Bangladesh - Kawrpuichhuah post of Mizoram. President Ram Nath Kovind on the occasion of World Tourism Day which is celebrated on September 27 annually, launched Incredible India 2.0 Campaign , Adopt a Heritage project.
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The Centre has launched a six-year project called SECURE Himalaya, to ensure conservation of locally and globally significant biodiversity, land and forest resources in the high Himalayan ecosystem spread over four states in India. SECURE ---- Securing Livelihoods, Conservation, Sustainable use and Restoration of High Range Himalayan ecosystems Prime Minister Narendra Modi launched Intensified Mission Indradhanush (IMI). The special drive will focus on improving immunization coverage in select districts and cities to ensure full immunization to more than 90% by December 2018. The Multi-Commodity Exchange of India Ltd (MCX) has launched India s first commodity options in gold, giving stakeholders a new set of financial instruments to hedge their price risks. Nepal and India will be conducting in November a joint head count of tigers in the national parks, forests and sanctuaries along the international border between the two neighbours using a similar camera tapping method. The world s largest combustion research centre which will impart a major boost to the Indian scientific community has been inaugurated at the Indian Institute of Technology, Madras. India sent first wheat shipment to Afghanistan via Iran s Chabahar port. External Affairs Minister Sushma Swaraj, Foreign Minister of Afghanistan Salahuddin Rabbani and Iranian Foreign Minister Javad Zarif flagged off the shipment through video-conferencing. To strengthen maritime security, India and the United States have agreed to implement the programme for Helicopter Operations from Ships other Than Aircraft Carriers (HOSTAC). India first country to partner with Facebook on disaster response. The Union Cabinet approved the creation of a National Testing Agency (NTA) to conduct entrance examinations for higher educational institutions. The Ministry of Finance increased the maximum age of joining the National Pension System (NPS) from the existing 60 years to 65 years under NPS – Private Sector (i.e. all citizen and corporate model). Goa ranks top, Bihar at bottom of Gender Vulnerability Index released by Child development NGO Plan India. According to a joint study by Assocham and EY, India is home to the largest number of malnourished children in the world. Railways has launched the main arch of the world s highest bridge on the River Chenab in Jammu and Kashmir s Reasi district which will provide direct connectivity to the Kashmir valley. The Inter-State Council, which is mandated to investigate and advise on disputes between states, has been reconstituted with Prime Minister Narendra Modi as its chairman and six Union ministers and all chief ministers as members. According to a gazette notification, the Union ministers who will be members of the reconstituted council are Rajnath Singh (home), Sushma Swaraj (external affairs), Arun Jaitley (finance), Nitin Gadkari (road transport), Thaawar Chand Gehlot (social justice and empowerment) and Nirmala Sitharaman (defence). Cabinet approved extension of the Rashtriya Krishi Vikas Yojana (RKVY) as RKVY-RAFTAAR for fiscals 2017-18 to 2019-20. The Rashtriya Krishi Vikas Yojana – Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY- RAFTAAR) will incentivise states in increasing allocations to agricultural and allied sectors to boost farm output. The financial allocation of the scheme will be Rs 15,722 crore. World Food India 2017 - launched Nivesh Bandhu , an Investor Facilitation Portal. Karnataka was the focus State. Chef Sanjeev Kapoor was named brand ambassador for World Food India s Food Street. Germany, Japan and Denmark were partner countries to World Food India, while Italy and the Netherlands were the focus countries.
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A Pan India scholarship program for school children called Deen Dayal SPARSH Yojana has been launched by the government to increase the reach of Philately. SPARSH (Scholarship for Promotion of Aptitude & Research in Stamps as a Hobby) Border Roads Organisation (BRO) has constructed the world s highest motorable road in the cold desert of Ladakh. Tata Steel has established India s largest Coke Dry Quenching (CDQ) facility, capable of handling 200 metric tonnes per hour, at its state-of-the-art steel plant at Kalinganagar Industrial Complex in Jajpur district of Odisha. The National Institution for Transforming India (NITI Aayog) in its document called New India @2022 anticipated a New India by 2022 that will be free from poverty, dirt, corruption, terrorism, casteism and communalism The government made installation of FASTag, a rechargeable card that uses passive radio frequency identification (RFID ) technology to debit toll charges automatically, mandatory for all four-wheel automobiles sold from December 1. The government has more than tripled the maximum amount that a central government employee can borrow from the government to Rs 25 lakh, from Rs 7.50 lakh earlier. India sets Guinness Record for cooking 918 kgs of Khichdi at the World Food India 2017 event. The Indian Institute of Management Bangalore (IIMB) opened its campus to an Israel Centre which is aimed at becoming a bridge of academic collaboration between India and Israel. India has pledged an additional USD 100 million towards the UN partnership fund, significantly scaling up its support to sustainable development projects across the developing world. Shri Piyush Goyal, Union Minister of Railways & Coal launched Grahak Sadak Koyla Vitaran App benefitting customers of Coal India Limited (CIL) lifting coal through road mode. Union Minister for Women and Child Development Maneka Gandhi launched SHe-box (sexual harassment electronic box), an online portal for registering complaint related to sexual harassment in non-government and government organisations. Unesco, the UN cultural organisation, has included Chennai in its list of Creative Cities for its contribution to music. Chennai is the third Indian city on the list of UNESCO Creative Cities list after Jaipur and Varanasi. Google Arts and Culture unveils its first lab experiment in India in Mumbai. A new passenger train between West Bengal and Bangladesh, Bandhan Express, was flagged off by Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina via video conferencing. The train will connect Kolkata to Khulna in Bangladesh. This will be the second train to run between the two countries after Maitree Express that runs between Dhaka and Kolkata. Northeast to get India s first air dispensary. Number of pilgrims visiting the Vaishno Devi shrine in Jammu and Kashmir limited to 50,000 a day, to avoid any mishap. WCD Ministry to hosted Hausala 2017 to Celebrate Child Rights Week from 16-20 November 2017. The government has launched phase 2 of BharatNet to connect 1.5 lakh gram panchayats with high-speed broadband by March 2019. Phase 1 of BharatNet set to complete by the end of 2017. Railways to start 9-month upskilling exercise named Project Saksham for employees in January.
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State News
Andhra Pradesh Andhra Pradesh has topped the charts in ease of doing business and providing electricity to rural households. Government to develop green airports in Andhra Pradesh - Tirupati and Vijayawada. [Cochin International Airport Limited (CIAL) in Kerala became the first airport in the world, to be completely powered by solar energy] Rayichapalu , a regular catch for fishermen in Andhra Pradesh s Visakhapatnam, has been declared as one of the rarest species of fish in the world by Marine Living Resources Department, Andhra University. Andhra Pradesh has released People First mobile application for grievance redressal at the Collectors conference in Vijayawada. Under this application, people of Andhra Pradesh can dial 1100 to register complaints about government services and schemes. Andhra Pradesh s Eastern Power Distribution Company Ltd (EPDCL) and the Southern Power Distribution Corporation of AP Ltd. (SPDCL) have become the first state-owned distribution companies in India to accept payments through Bharat QR. Chief Minister Nara Chandrababu Naidu has declared Friday as the day of the week when he will meet with the poor and underprivileged sections of Andhra Pradesh society to hear their grievances and try to resolve them. The day has been declared as the “Day of Helping Hand”. Andhra Pradesh has announced a new programme to offer prayers to water bodies and to create awareness among the public regarding water preservation. Named Jala Siriki Haarati , the programme is aimed at praying at all the rivers, streams, lakes, ponds, irrigation projects, water reservoirs, check dams and all kinds of water bodies. The Andhra Pradesh government has signed an MoU with the US-based Hyperloop Transportation Technologies to build India s first Hyperloop system. The planned project is aimed at connecting cities Amaravati and Vijayawada in Andhra Pradesh, supposedly covering the distance of over 35 km in just five minutes. Andhra Pradesh Chief Minister N. Chandrababu Naidu declared that the year of 2017 as e-pragati year. No helmet, no petrol rule comes into force in Andhra Pradesh Andhra Pradesh Chief Minister Chandrababu Naidu launched Swachh Andhra Mission on the occasion of Gandhi Jayanti. PV Sindhu has been chosen as the brand ambassador of Swachh Andhra. Andhra Pradesh Chief Minister Chandrababu Naidu laid the foundation stone for the TU142M aircraft museum in Visakhapatnam. The Russian aircraft, which was decommissioned in March 2017 at INS Rajali in Tamil Nadu after 29 years, was brought to the city on April 8 to be converted into a Museum. Etikoppaka toys of Andhra, popularly known as Lakkapidathalu, have received Geographical Indication by the Registration of Geographical Indication, categorised in class 20 of the toys category.
Arunachal Pradesh Arunachal Pradesh s biggest festival Solung of the Adi Tribe was celebrated with traditional fervor and in a grand way at Boleng in Siang District on September 3. The Arunachal Assembly has passed a bill paving way for creation of a new district to be named Kamle. With the official creation of the new district, the total number of districts in the state shot up to 23.
Assam Assam going to raise a new Special Rhino Protection Force (SRPF) for better protection of the one-horned rhinos in Assam. Assam has become first state to pass a legislation which states that Assam government employees who dump parents will lose part salary. The Assam Assembly passed The Assam Employees Parental Responsibility And Norms
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for Accountability and Monitoring (PRANAM) Bill that makes it mandatory for state government employees to take care of their parents and needy siblings or face a cut in their income. Singapore will set up a Skill Center at Guwahati which will cater to the entire North-Eastern region. A 100-ft tall bamboo idol of Goddess in Assam is all set to enter the Guinness Book of Records as the tallest bamboo sculpture ever made in the world A program called SATH- Sustainable Action for Transforming Human Capital, a joint initiative of Government of Assam and NITI Aayog, which aims to provide structured support to Assam in identifying key health priorities and implement the solutions towards transforming the health and improving the well-being of people of Assam has been launched in Assam. Foundation stone for the country s first ever Industrial Training Institute for the Dibyangans exclusively was laid on October 3 in Dibrugarh in Assam. ISRO to set up research centre in Guwahati, Assam
Bihar In a unique initiative, Gender Alliance Bihar, a collective effort of over 270 civil society organisations backed by the UN Population Fund, has come up with a mobile application Bandhan Tod to fight the rampant social evil of child marriage in the state. In Bihar, four-day Chhat Pooja celebrations are beginning from today (24 October), with NAHAY-KHAY. Kharna rituals will be held tomorrow. Sonepur cattle fair, considered as Asia s largest such, kicked-off in Bihar.
Chhattisgarh Chhattisgarh bans use of chlorinated plastic and Polyvinyl Chloride. Chhattisgarh has become the first state in the country to award citizenship to as many as 51 Hindu families who had migrated from Pakistan several years ago. Nineteen acres of land which housed around 70 government office buildings in Chattisgarh s Raipur is being converted into India s first micro forest in order to create an oxy-zone.
Delhi The Delhi High Court has launched a first-of-its-kind dedicated helpline number 1888 to provide litigants easy access to justice. India s tallest air traffic control (ATC) tower to be operational at Delhi airport by December 2017. Delhi has become the second state to launch e-RTI portal that will enable citizens to file online Right to Information (RTI). Maharashtra is the first state Delhi police will be the first state police in India who will get super cop belt . Delhi Metro has become the only completely green Metro system in the world for adhering to green building norms for its residential colonies. The National Green Tribunal, NGT has imposed an interim ban on use of non-biodegradable plastic bags which are less than 50 microns in the New Delhi. Fine of 5,000 rupees on anyone found in possession of such banned plastic. North Eastern Cultural and Information Centre will be set up in Delhi. A special train called the mosquito terminator was pressed into service by the South Delhi Municipal Corporation (SDMC), in collaboration with the Northern Railway, to spray anti-larval chemicals along the tracks to control mosquito breeding.
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The Supreme Court has placed a ban on the sale of firecrackers in the Delhi-National Capital Region (NCR) during the upcoming festive season of Diwali. The ban will remain in effect till November 1. New Delhi, the national capital, has been named as world s worst megacity for sexual violence against women in a survey conducted by the Thomson Reuters Foundation. Delhi Metro Rail Corporation Ltd installed the Nobel Memorial Wall at Rajiv Chowk metro station for the seventh consecutive year. The Delhi government signed a twin city agreement with the Seoul Metropolitan Government for strengthening cooperation in the fields of e-governance, transportation, climate change and smart city.
Gujarat India s first ever mega textiles trade fair – Textiles India 2017, was inaugurated by the Indian Prime Minister Narendra Modi, at the Mahatma Mandir in Gandhinagar, Gujarat. Gujarat s Ahmedabad has become India s first World Heritage City after the Unesco s World Heritage Committee included it in its list. The None Of The Above (NOTA) option available for the first time in upcoming Rajya Sabha elections in Gujarat. Gujarat first state to implement coal utilisation between power units Gujarat on October 10 reduced VAT on petrol and diesel by 4%, becoming the first state to give relief to consumers from a recent surge in oil prices. The Centre has given green clearance for a greenfield airport project at Hirasar, about 28 km from Rajkot in Gujarat, at a cost of over Rs. 1,400 crores. Birsa Munda Tribal University inaugurated in the tribal dominated Rajpipla town in Narmada district about 90 kms from Vadodara. Ahmedabad in Gujarat has been formally accorded the status of India s first World Heritage City. The honour makes the walled city of Ahmedabad the first city in India, and the third in Asia after Bhaktapur (Nepal) and Galle (Sri Lanka). Making steps towards digital revolution in the schools of Gujarat, state govt. launched state-wide Gyankunj Project on Teachers Day. The objective of the project is to produce world-class students. Gujarat government has launched Shramik Annapoorna Yojana (Construction Workers Meal Scheme), under which each registered worker is provided a plateful of food for a mere Rs 10 with the Gujarat government providing a hefty subsidy of Rs 19 per meal. The ₹ -crore high-speed rail training centre for the first bullet train project will be set up in Vadodara, Gujarat. Amaazia, India s first Cartoon Network branded amusement park, will open in Surat, Gujarat in the first quarter of 2019.
Haryana The Haryana government announced lifetime monthly pension to the Hindi satyagrahis and those from the state who were jailed during the Emergency in 1975, hiked financial assistance to veterans of the Second World War (WW-II) and their widows, and provide 10-hour power supply to the agriculture sector. Haryana first state to treat Hepatitis-C patients with oral medicine Gurugram to have North India s biggest butterfly park Students passing out of government medical colleges in Haryana will now be required to do a fixed period of service in government hospitals of the state Haryana government has prohibited flushing/mixing of liquid nitrogen with any drink or food article. President Ram Nath Kovind has accorded approval to the proposal for setting up the world s first AYUSH University at Haryana s Kurukshetra.
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According to an Indian Council of Medical Research (ICMR) report, approximately 17.3 lakh new cancer cases are being estimated by the year 2020 in India. Haryana has a major share, with over 39% of cases recorded in the state.
Himachal Pradesh Green Spiti mission would for the Spiti Valley to increase forest cover to overcome water shortage. After two years of trial runs on the challenging Manali-Rohtang highway, Himachal Roads Transport Corporation (HRTC) has finally launched its electric bus service on the route on a regular basis. With this, Himachal Pradesh has become the first hill state in the country to run electric buses. PM Narendra Modi laid the foundation stone for an AIIMS premier hospital in Bilaspur town of Himachal Pradesh.
Jammu Kashmir In order to pave the way for applicability of the Goods and Services Tax (GST) regime in Jammu and Kashmir, the Cabinet gave ex-post facto approval for amendment of the Constitution Order, 1954 by way of the Constitution Amendment Order, 2017. Pratham-Shyok bridge that will link Leh to Karakoram, providing connectivity on the strategically important Darbuk- Shyok-Daulat Beg Olde axis for military transport. First power plant under PM Ladakh scheme commissioned in Biaras Drass of Kargil in Jammu & Kashmir.
Jharkhand Vice President M Venkaiah Naidu laid the foundation stone for Ranchi Smart City coming up on the Heavy Engineering Corporation (HEC) land. This would be the country s first green-field smart city.
Karnataka Karnataka would provide Rs 400 crore fund to mentor 100 start-ups with idea validation, incubation facilities and expertise in accounting and legal norms. Launched the Elevate 100 scheme for same. Kempegowda International Airport in Bengaluru, Karnataka will become the first airport in the country to have a helicopter-taxi (heli-taxi) service for those who cannot afford to spend time battling traffic to travel across the city. Indira Canteen , aimed at serving the poor at subsidised rates, was inaugurated in Bengaluru by Congress vice president Rahul Gandhi. Amazon announced a partnership with the Akshaya Patra Foundation to implement the Karnataka government s Ksheera Bhagya Scheme in Bengaluru, wherein schoolchildren would be provided a glass of milk each five days a week. Karnataka government will be merging the existing seven health schemes to launch a unified scheme- Arogya Bhagya which will cover all 1.4 crore households of the state. Karnataka Chief Minister Siddaramaiah launched the Mathru Purna scheme, which aims to provide nutritious meals to about 12 lakh pregnant women and lactating mothers in the state. Karnataka government, from next academic year, has decided to provide free education to girls from class one to graduation level in all public and aided private schools and colleges. Karnataka has become the first Indian state to have an electric vehicle policy after the state Cabinet approved the Karnataka Electric Vehicle and Energy Storage Policy. The Vice President, Shri M Venkaiah Naidu, inaugurated the Swachhta Hi Seva and Shouchalayakkagi Samara (A Crusade For Toilets) Programme in Karnataka.
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Kerala Kerala Chief Minister Pinarayi Vijayan launched G-Ride, a digital ride sharing platform that matches co-workers and neighbours and help them travel together to work. Onam, the biggest and the most important festival of the state of Kerala, celebrated in the state. Kerala is going to open India s first transgender-exclusive clinics at government medical colleges across the state. Kerala government launched She Pad , a scheme to distribute free sanitary napkins to girl students from classes VI to XII in government and aided private schools affiliated to the state school board. The Indian Ocean Rim Association (IORA), common platform of 21 countries including India and geographically bordering Indian Ocean, is to set up a Centre of Excellence in Kochi. hHeadquarters of IORA is located at Ebene, Mauritius.
Lakshadweep Island According to a study, Parali I island in the Union Territory of Lakshadweep, part of Bangaram atoll, which had an area of 0.032 sq.km in 1968 has been completely eroded, resulting in its inundation.
Madhya Pradesh Foundation stone of country s biggest global skill park laid in Bhopal The Madhya Pradesh government has contributed Rs. 2 crore to Assam Chief Minister s Relief Fund for the prevailing flood situation in the state. MP govt. launched Single Click Pension Delivery scheme, wherein the money will go directly into the account of the beneficiaries. MP CM Shivraj Singh Chouhan inaugurated a toilet in the Mangalwara area for the exclusive use of transgenders --- first of its kind in the country. Madhya Pradesh, which was the first state to announce that it would switch to January-December financial year from the existing April-March cycle starting 2018, has put the plan on the back burner. Bhavantar Bhugtan Yojna for the farmers of the state launched. Madhya Pradesh is the first state to lend money to farmers at zero percent interest.
Maharashtra Mumbai s Vikrikar Bhavan renamed as GST Bhavan Maharashtra has become the first state in the country to provide women an injectable contraceptive for free.-- launched a programme called Antara Maharashtra first state to have law against social boycott after President of India gave assent to Social Boycott (Prevention, Prohibition and Redressal) Act, 2016. Matunga suburban railway station in Mumbai has become the first station in India to be run by an all-women staff. Mumbai Metro One has announced the launch of India s first Mobile Ticketing System OnGo which will help commuters pass the AFC gates using their mobile phones. Maharashtra government has announced plans to launch 112 as a single integrated helpline number for police, fire brigade, and ambulance services. The Maharashtra government is planning to ban plastic carry bags after the Gudi Padwa (Maharashtrian New Year) next year. Gudi Padwa falls in March-April period. Maharashtra Chief Minister Devendra Fadnavis has launched the Maharashtra Mission 1 Million initiative under which over 10 lakh students across the state will play football.
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MahaLabharthi web portal that will help people get information about all the government schemes that they are eligible for. The restored Royal Opera House, located at Mumbai s Charni Road, has received the Award of Merit from the 2017 UNESCO Asia-Pacific Awards for Cultural Heritage Conservation. The building, which was closed to the public in 1993 and reopened in 2016, was restored by architect Abha Narain Lambah.
Manipur A North East Centre for Ethno Medicinal Research has been inaugurated at Hengbung village in Kangpokpi district of Manipur. Manipur's Nungthaang Tampak village has emerged as the '100 percent computer literate' not only in the state but in the entire North East. Heikru Hidongba, the traditional boat race festival of Manipur, was celebrated at the Thangapat (moat) of Shri Bijoy Govindajee, Sagolband, Imphal on September 3. Manipur celebrates Mera Houchongba festival
Meghalaya Launched an ambitious flagship program titled Livelihood Intervention and Facilitation of Entrepreneurship (LIFE) at Songsak, Meghalaya.
Mizoram Mizoram s Dampa Tiger Reserve now holds the distinction of housing the highest number of clouded leopards in Southeast Asia, the state government has claimed. Density of population of clouded leopards, locally knows as Kelral , is 5.14 per 100 sq km in the reserve.
Odisha Bhubaneswar, Odisha hosted the 22nd Asian Athletics Championships (ACC) from July 5-9. After the successful organisation of 22nd Asian Athletics Championships, the Odisha government has announced it would set up the Kalinga International Sports City in Bhubaneswar to hold mega international events in the coming years. Nalco, in collaboration with Odisha Industrial Infrastructure Development Corporation, is setting up the first of its kind Aluminium Park in Angul. Odisha government has renamined Wheeler Island in Bhadrak district as Abdul Kalam Island Odisha will partner with Facebook to train women entrepreneurs and Self Help Groups (SHGs) to promote entrepreneurship and digital literacy and organise hands-on workshops for Micro, Small and Medium women Entrepreneurs and women SHGs on Digital Marketing Skills in collaboration with Facebook. Odisha s Government has launched She Means Business programme of Facebook for women entrepreneurs in Odisha. The annual Balijatra festival was inaugurated at the Gadagadia ghat in Cuttack on the banks of river Mahanadi.
Puducherry The Puducherry government has decided to ban manufacture and use of plastic packaging materials of less than 51 microns as these were found to be injurious to health and a source of menace during monsoon in the Union Territory.
Punjab Punjab - first state in the country where injection-safety programme is being implemented in collaboration with the World Health Organisation (WHO).
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Punjab government has launched Apni Gaddi Apna Rozgar scheme by flagging off over 100 uberMOTO bikes. India s first museum on Partition of the Indian subcontinent opened in Amritsar, Punjab.
Rajasthan In a move that is a first for the country, Rajasthan has fixed minimum educational qualification for candidates interested in contesting elections for elections to village cooperative societies and various other cooperative bodies. Prime Minister Narendra Modi dedicated a hanging bridge built across the Chambal river at Kota to the nation. The bridge, over Chambal River, has the longest main span of 350 metre in the country and will also act as a bypass to Kota City. Rajasthan becomes 1st state to incorporate skill development programme in higher education. Rajasthan has launched the Election Commission s web- based project, ERO-Net, using which voters can register their names on electoral rolls. Government has passed an ordinance which seeks to protect both serving and former judges, magistrates and public servants in Rajasthan from being investigated for on-duty action without its prior sanction -- Criminal Laws (Rajasthan Amendment) Ordinance, 2017.
Tamil Nadu Tamil Nadu topped the rooftop capacity addition table, according to a report by Bridge to India, a global renewable energy consulting firm. Madras HC makes singing of Vande Mataram mandatory in TN schools Prime Minister Narendra Modi inaugurated former President A.P.J. Abdul Kalam s memorial in Tamil Nadu s Ramananthapuram district Bangladesh will soon open a new diplomatic station in Chennai. The Madras high court has banned the use of pictures of living persons on banners and hoardings in Tamil Nadu, where towering cut-outs of politicians and actors are almost a part of the local culture. India s Second Technology and Innovation Support Center (TISC) Established in Chennai. 1st at Punjab.
Telangana An innovative programme named Janahitha was launched to receive complaints from public through a special portal. Telangana to have separate agriculture budget from next year India s first university only for Dalit students to come up in Hyderabad by 2018. The Bonalu festival, reflecting Telangana s rich culture and traditions, was celebrated with gaiety in Hyderabad with thousands of devotees participating in the festivities. In a first of its kind, Telangana State will have eco-friendly bridges over a canal cutting across the tiger corridor linking the Tadoba-Andhari Tiger Reserve (TATR) in the Chandrapur district of Maharashtra with the forests in Telangana s Kumram Bheem Asifabad district. Telangana government launches 181 helpline for distressed women Regional Vocational Training Institute, Hyderabad, the first of its kind in Telangana inaugurated. An innovative programme named Janahitha was launched to receive complaints from public through a special portal. Telangana to have separate agriculture budget from next year India s first university only for Dalit students to come up in Hyderabad by 2018. The Bonalu festival, reflecting Telangana s rich culture and traditions, was celebrated with gaiety in Hyderabad with thousands of devotees participating in the festivities.
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In a first of its kind, Telangana State will have eco-friendly bridges over a canal cutting across the tiger corridor linking the Tadoba-Andhari Tiger Reserve (TATR) in the Chandrapur district of Maharashtra with the forests in Telangana s Kumram Bheem Asifabad district. Telangana government launches 181 helpline for distressed women Regional Vocational Training Institute, Hyderabad, the first of its kind in Telangana inaugurated.
Uttarakhand Uttarakhand becomes 20th state to ban begging. The World Book Fair 2017 held in the capital city Dehradun of Uttarakhand from August 28, with the state government offering discounts on books based on the lives of national figures. The Uttarakhand Government and a charitable funding agency, Swan Cultural Center and Foundation launched Solar Briefcase in Kedarnath Dham. The initiative was taken to provide electricity to far flung areas in the hill state.
Uttar Pradesh UP govt launches free power connection scheme for BPL families Lucknow Metro to be India s 1st with own FM radio station The state has initiated a cleanliness drive Swachata Ka Shankhnad in the state. The country s first aviation university at Fursatganj in Uttar Pradesh s Rae Bareli district inaugurated on August 18. Air Vice Marshal (retired) Nalin Tandon has been appointed as the vice-chancellor. In order to protect the rich aquatic biodiversity of river Ganga from escalating anthropogenic pressures, development of a Turtle sanctuary in Allahabad, UP along with a River Biodiversity Park at Sangam (confluence of Ganga, Yamuna and mythical Sarasvati) have been approved under Namami Gange programme. UP government approved the Mukhyamantri Samoohik Vivaah Yojana , a mass marriage scheme, wherein Rs 35,000 will be spent on each couple, besides gifting them mobile phones and household items. The Mughalsarai railway station of Uttar Pradesh has been renamed to Pandit Deen Dayal Upadhyay railway station. TheUttar Pradesh government has issued an order notifying Vrindavan and Barsana towns in Mathura district as pavitra teerth sthals (sacred pilgrimage sites) . No meat and liquor shops will be allowed in these towns anymore. Uttar Pradesh cabinet decided to make India s first conservation reserve for black buck in Allahabad s Meja. With an Air Quality Index (AQI) of 491 on the 500-point scale, Varanasi has become the most polluted Indian city among 42 cities, according to data from Central Pollution Control Board. 2nd - Gurugram. Uttar Pradesh tops in opening new PMJDY accounts after demonetisation.
West Bengal President Pranab Mukherjee presented the 2.5 croreth Pradhan Mantri Ujjwala Yojana (PMUY) connection at Raghunathgunj, Murshidabad in West Bengal. Kolkata hosted Horasis Asia Meeting, a global business meet in November 2017 India s first State of art virology laboratory inaugurated at Dr. Anjali Chatterjee Regional Research Institute for Homoeopathy in Kolkata. The West Bengal Transport department has introduced Yatrik mobile phone app to help in the easy booking of traditional meter taxis in Kolkata.
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Finance and Banking News
From the 23,000 crore to be disbursed to the State farmers by the RBI, it released Rs. 1700 crore in July. RBI hikes foreign investment limit in g-secs by over 4% for Jul-Sep. Cabinet approves revision of guidelines of Sovereign Gold Bonds Scheme - investment limit per fiscal year has been increased to 4 kg for individuals, 4 Kg for Hindu Undivided Family (HUF) and 20 Kg for Trusts India emerging as front-runner in fight against climate change: World Bank SBI and Carlyle Group will acquire GE Capital s entire stake in SBI Card, the second-largest credit card franchise in India. State Bank of India (SBI) has launched its flagship service INTOUCH in Nepal along with its subsidiary, Nepal State Bank Ltd (NSBL). Also NSBL Digital Village, Jaharsing Pauwa, which would be the first of its kind digital initiative in Nepal banking industry along with INTOUCH. Microfinance institution Svatantra Microfin, has launched an end-to-end cashless solution called Saathi. Canara Bank forays into paperless banking; launches first digital branch in Bengaluru title CANDI Karnataka Bank launches Met Loan & Life Suraksha in partnership with M/s PNB MetLife FINO becomes payments bank. Headquarters - Mumbai National Multi Commodity Exchange (NMCE) will merge with Indian Commodity Exchange (ICEX) creating the country s third biggest commodity exchange. ICICI Bank offers up to Rs 15 lakh instant personal loan via ATMs India gets good ranks on FSB s (Financial Stability Board) reform report card to G20. The report submitted by FSB listed India as a compliant jurisdiction with regard to the Basel III reforms in area of risk-based capital and as largely compliant on liquidity coverage ratio. NBFCs with asset size of Rs 500 crore and above that have made a net profit in the preceding financial year be permitted to sell NPS to their clients after registration with the pension regulator. National Payments Corporation of India (NPCI) has received final approval from the Reserve Bank to function as the Bharat Bill Payment Central Unit (BBPCU) and operate Bharat Bill Payment System (BBPS). Inflation to rise noticeably to 4.4% in second half of 2017: Nomura report The Insurance Regulatory and Development Authority has directed ICICI Prudential Life Insurance to take over the life insurance business portfolio of Sahara India Life Insurance from 31st July 2017. The Reserve Bank s Central Board has approved the transfer of surplus to the government of India amounting to Rs 306.59 billion for the year ended June 30, 2017. RBI follows a July to June accounting year. The government has clarified that banks importing gold and precious metals will have to pay 3 per cent tax under the GST which can be claimed as input tax credit. Of the 56 regional rural banks (RRBs), Karnataka Vikas Grameena Bank and Andhra Pragathi Grameena Bank recorded net profit of more than Rs 150 crore during 2016-17. These are among the 49 RRBs that recorded a profit in 2016-17. State Bank of India has launched a CSR (Corporate Social Responsibility) initiative, SBI Gram Seva, which will work in the areas of health, education, environment and rural infrastructure. According to the Finance Ministry Data, the country s largest lender, SBI, accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters - tops share of wilful default to PSBs. Spice Digital Limited (SDL) has received the final licence from the Reserve Bank of India (RBI), allowing the company to process bill payments as a Bharat Bill Payment Operating Unit (BBPOU) in the Bharat Bill Payment System (BBPS).
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Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI. Vijaya Bank has launched 100 Digital Villages initiative in an effort to bring residents of these villages under the formal banking system. ICICI Bank has announced the launch of Instant Credit Card Service, which will enable its savings account customers to get a credit card instantly, in a completely digital and paperless manner. This is the first-of-its-kind offering in the Indian banking industry. Corporation Bank has bagged the best performance awards for SHG-bank linkage programme for Karnataka for 2015-16 and 2016-17 from National Bank for Agriculture and Rural Development (Nabard). Foundation stone laying ceremony for the construction of the permanent headquarters building of the BRICS New Development Bank (NDB) held in Shanghai, China. The building is expected to become a landmark building along Huangpu River. RBI has announced it has added private lender HDFC Bank to its list of domestic systemically important banks (D- SIBs) considered too big to fail. With HDFC Bank s inclusion, there are now three banks that are described as too big to fail, including state-run State Bank of India and private lender ICICI Bank. According to a government of India notification, all the peer-to-peer lending (P2P) platforms will be treated as non- banking financial companies (NBFCs) and will be brought under the ambit of the banking regulator. Indian insurance sector regulator IRDAI has given the final nod to online non-life insurer Acko General Insurance Ltd. The State Bank of India (SBI) announced SBI Intelligent Assistant (SIA) — a chat assistant aimed to address customer enquiries like a bank representative does. Developed by Payjo, an artificial intelligence (AI) banking platform, SIA is equipped to handle nearly 10,000 enquiries per second or 864 million in a day — which is nearly 25 per cent of the queries processed by Google each day. Public sector lender IDBI Bank has initiated a turnaround plan – Project Nishchay in consultation with The Boston Consulting Group (BCG). The project aims to accelerate the struggling lender s turnaround programme and improve financial performance. India s largest private sector lender by consolidated assets, ICICI Bank has announced a new home loan scheme that offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. The offer will be valid for home loans with a minimum tenure of 15 years and maximum tenure of 30 years. Airtel Payments Bank has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform. In a bid to help develop the fintech ecosystem in India, Fino Payments Bank has launched its mobile banking app called BPay. Fincare Small Finance Bank (previously known as Disha Microfin Limited) on Sep 1 2017 has kick-started its banking operations. Fincare CEO - Rajeev Yadav. It has its Registered Office at Ahmedabad, Gujarat, and Corporate Office at Bangalore, Karnataka. Artificial Intelligence (AI)-based chatbot Eva — built for HDFC Bank by Bengaluru-based Senseforth AI Research — has successfully addressed over 2.7 million customer queries in six months to become the country s largest banking chatbot. Singapore s biggest lender DBS Group Holdings has won the Reserve Bank of India s approval to provide banking services in the country through a wholly-owned subsidiary.
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Bharat Financial Inclusion Limited (BFIL), formerly SKS Microfinance, has signed an exclusivity agreement for a potential merger with IndusInd Bank. Reserve Bank of India opens branch in Dehradun, Uttarakhand. According to the Reserve Bank of India, Gross non-performing assets (GNPA) ratio for NBFCs increased to 5% at end-March 2017 from 2.9 per cent at end-March 2012. The Reserve Bank has clarified that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017. SBI Foundation has committed Rs 10 crore for the conservation and restoration of Chhatrapati Shivaji Maharaj Terminus (CSTM) of Mumbai over the period of 3-5 years. SBI is creating a 15,000-sqft innovation centre in Belapur in Navi Mumbai investing around Rs 100 crore. SBI has launched a new product -- SME Assist -- to provide short-term working capital demand loans to its MSME clients. The State Bank of India has launched the second edition of its Hackathon named Digitize For Bank. This hackathon will be held from 1st to12th November 2017. According to a Crisil report, banks are likely to need nearly Rs 3.3 lakh crore this fiscal as provisioning for large NPA accounts in the current financial year. Union Bank of India has launched an Android app, Union Sahyog, as part of its drive to digitise customer-facing banking services. Oriental Bank of Commerce becomes 7th bank to be under PCA (Prompt corrective Action) by RBI. Others are - Dena Bank, Central Bank of India, IDBI Bank, Indian Overseas Bank, Bank of Maharashtra and UCO Bank ICICI announced financial assistance of Rs. 10 crores to the Indian Armed Forces. HDFC Bank wants to become the Go To bank and preferred banker for the start-up community in the country. Launched SmartUp zones in its branches across India. HDFC Life Insurance Company has launched Neo — a servicing bot for Twitter that uses artificial intelligence for customer service. The insurer hopes to deploy the bot in answering policy —related queries on social media. Private sector Yes Bank has committed Rs 156 crore to fund first Sewage Treatment Plant (STP) to be constructed at Varanasi under Hybrid Annuity-PPP Model. HSBC (Hongkong and Shanghai Banking Corporation) announced the launch of a mobile app – Trade Transaction Tracker – to help customers track the status of their trade transactions on a real-time basis. Private insurer Tata AIA Life announced the launch of Eazy Connect , that will extend online customer service to social media platforms. The government announced an aggressive Rs 2.11 lakh crore capital infusion for the NPA hit public sector banks over a period of 2 years. Out of this, Rs 1.35 lakh crore will be through the recapitalisation bonds, while remaining Rs 76,000 crore from the budgetary support. Non-performing assets of banks have increased from Rs 2.75 lakh in March 2015 to Rs 7.33 crore as on June 2017. North East Small Finance Bank Limited has commenced operations as a small finance bank from 17th October 2017. The Rashtriya Gramin Vikas Nidhi Microfinance Limited– North East (RGVNMFL-NE) is the promoter of North East Small Finance Bank.
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The Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country. Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam. India s largest private sector bank by consolidated assets, ICICI Bank, announced the launch of India s first voice- based international remittance service to enable non-resident Indians (NRIs) to send money to any bank in India. AU Small Finance Bank received approval from Reserved Bank of India (RBI) to operate as Scheduled Commercial Bank. AU Small Finance Bank s name has now been included in the Second Schedule of Reserve Bank of India Act, 1934. YES Bank is all set to launch a first-of-its-kind fintech survey. Called India Fintech Opportunities Review, the study will cover India and a few major fintech markets in the world. India Post Payments Bank will become operational in all 650 districts of the country by April next year. Two such banks are already operational in Ranchi and Raipur. Private sector lender Yes Bank signed an agreement with the government to provide Rs 1,000 crore financing for food processing projects. HSBC has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change. Private Sector, Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore. IDFC Bank, MobiKwik and Net1 have partnered to launch a co-branded virtual prepaid card on the Visa platform to customers of MobiKwik. Emirates NBD, the UAE s second-largest lender, has started operations in India with an aim to invest USD 100 million capital into its Indian operations. Branch opened in Mumbai. RBI asked large borrowers to obtain 20-digit Legal Entity Identifier unique code. LEI is a 20-digit unique code to identify parties to financial transactions worldwide. The LEI number will help banks in monitoring the aggregate exposure of corporate borrowers. RBI to make LEI must for cos with over Rs 5 crore exposure
RBI releases guidelines for P2P lenders; caps loans exposure at Rs 10 lakh per borrower
As per the guidelines released by the Reserve Bank of India (RBI), Peer to peer (P2P) lenders can cumulatively lend a maximum of Rs 10 lakh and individually have an exposure to a borrower of not more than Rs 50,000.
The P2P lenders would be allowed to lend only unsecured loans i.e. will not be allowed to take collateral against the loans they lend. P2P lending is a crowd-funding model (largely online) where people looking to invest their money with people who want to borrow can do so.
Prudential Norms
(1) NBFC-P2P shall maintain a Leverage Ratio not exceeding 2. (2) The aggregate exposure of a lender to all borrowers at any point of time, across all P2Ps, shall be subject to a cap of Rs 10,00,000/-. (3) The aggregate loans taken by a borrower at any point of time, across all P2Ps, shall be subject to a cap of Rs 10,00,000. (4) The exposure of a single lender to the same borrower, across all P2Ps, shall not exceed Rs 50,000. (5) The maturity of the loans shall not exceed 36 months. (6) P2Ps shall obtain a certificate from the borrower or lender, as applicable, that the limits prescribed above are being adhered to.
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Business News Reliance Jio launches Asia-Africa-Europe (AAE-1), world s longest 100Gbps submarine cable system Reliance Industries market capitalisation hits Rs 5 lakh cr mark; second firm after TCS to reach milestone State-owned Oil and Natural Gas Corp (ONGC) wins government nod for Rs 7,738 crore Gujarat State Petroleum Corp s stake buy. In a fresh impetus to its artificial intelligence dreams, Google has acquired Bengaluru-based start-up Halli Labs. The government has banned exports of gold jewellery, medallions and other articles with purity above 22 carats in a bid to check round tripping of the precious metal. Country s top mobile operator Bharti Airtel has partnered with Symantec to provide cyber defense to enterprises. HCL Technologies has completed the acquisition of Urban Fulfilment Services, LLC. HDFC Ergo General Insurance has completed the merger with L&T General Insurance, marking the first amalgamation in the country's non-life insurance sector. E-commerce major Flipkart has acquired global technology major eBay. Infosys to acquire Brilliant Basics, a London-based product design and customer experience (CX) innovator. Messaging and social media technology company Hike Messenger has acquired Bengaluru-based tech startup Creo. BSEs India INX (India International Exchange) has received an approval from the Securities and Exchange Board of India to commence trading in gold options contracts from August 30. It will be the first one in India to commence trading. Google has announced to acquire part of the Taiwan-based HTC Corporation s mobile division team for $1.1 billion. Google has acquired Bitium, a company that provides enterprise customers with identity and access management solutions, including single sign-on (SS) and provisioning for Cloud applications. HCL Technologies has announced the acquisition of automation-driven data management platform Datawave. To enable small businesses and start-ups to file their Goods and Services Tax (GST) returns smoothly, Airtel Business has launched Airtel GST Advantage. Thyssenkrupp AG and Tata Steel Ltd. reached a tentative deal to merge their European steel businesses in a bid to create the region s second-largest producer and tackle overcapacity in the industry. E-commerce major Flipkart has acquired mobiles and IT products repair services company, F1 Info Solutions for an undisclosed amount. State-owned IDBI Bank has sold 9 per cent stake in Small Industries Development Bank of India (Sidbi) for an undisclosed amount in a bid to mobilise funds by exiting non-core business. Earlier in September, the bank sold 1% stake in Sidbi. E-commerce major Amazon India has launched a new marketplace Amazon Business to cater to the requirements of the small and medium businesses (SMBs) in the country. The National Bank for Agriculture and Rural Development (Nabard) has bought an additional 7% stake totaling to 10% in Small Industries Development Bank of India (Sidbi) for Rs900 crore from troubled public sector lender IDBI Bank Ltd. Bharti Airtel acquires Tatas telecom business on cash-free basis - Consumer Mobile Businesses (CMB) of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML). Bharti Airtel has received Ghana s National Communications Authority s approval for the merger between Bharti Ghana (Airtel) and Millicom Ghana (Tigo) Axis Bank has acquired payments wallet Freecharge for Rs. 373 crore. Sangram Singh has been appointed as the CEO of Freecharge Payment Technologies Private Ltd.
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The Board of Directors of IndusInd Bank Ltd and Bharat Financial Inclusion Ltd have approved the merger of two companies through a composite scheme of arrangement. E-commerce major eBay has acquired a 5.4% stake in Flipkart. The IDFC Group and Shriram Group have decided to call off their merger proposal as they were not able to reach a mutually acceptable swap ratio. Small Industries Development Bank of India (SIDBI) has revamped its portal www.udyamimitra.in with enhanced features to provide easy access to credit and hand-holding services for micro small medium enterprises (MSME). Reliance Industries Ltd (RIL) became the first Indian company to cross Rs6 trillion market capitalisation after its shares surged over 75% so far this year and hit a fresh lifetime high. Nokia and Xiaomi ink patent and equipment deal, Xiaomi buys Nokia patents Popular mobile-based digital payment platform Paytm launched Inbox , a messaging service that will allow consumers to chat with friends and family, and send and request money at the same time. ONGC (Oil and Natural Gas Corporation) gets government nod for acquiring HPCL (Hindustan Petroleum). Rs 10,000 Crore MoU signed between Govt of India & Patanjali According to Central Board of Direct Taxes (CBDT), provisional figures of direct tax collections up to October, 2017 show that net collections are at Rs. 4.39 lakh crore which is 15.2 percent higher than the net collections for the corresponding period of last year. The GST Council decided to raise Composition Scheme threshold to Rs 2 crore. The Council, which held its 23rd meeting in Guwahati, decided that there will be no inter-state taxes and input tax credit for composition dealers. Out of 228 items in the 28% tax bracket, 178 have been put into the lower tax category of 18%. It will be applicable from 15th November.
Economy News To protect online consumers, the government has made it mandatory for e-commerce companies from January 2018 to print not only the MRP on goods but also information like expiry date and customer care details. The Union Government has saved around Rs 57,000 crore in 2016-17 through Direct Benefit Transfer (DBT) scheme under which subsidies are given directly to beneficiaries. I-T Department unearths income of Rs 5,400 cr post-note ban The Income Tax department has detected undisclosed income of around Rs.71,941 crore over the last three years from April 1, 2014 to February 28, 2017 The government has ordered state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs 4 per cylinder every month to eliminate all the subsidies by March next year. The Government of India has launched a new sub-scheme named Aajeevika Grameen Express Yojana (AGEY) as part of the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM). The government has raised the creamy layer ceiling by Rs 2 lakh and announced setting up of a commission to work out sub-categorisation within Other Backward Classes (OBCs) for a "more equitable distribution of reservation benefits". OBC families earning up to Rs 8 lakh per annum will not be considered in the creamy layer. Earlier, this ceiling was Rs 6 lakh per annum. The government has clarified that selling of space for advertisements in print media would attract 5 and 18 per cent Goods and Services Tax (GST), depending on the terms of the contract between the newspaper, advertisement agency and the client.
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The three-decade old National Crime Records Bureau (NCRB) has been merged with another central police organisation — the Bureau of Police Research and Development (BPRD) by the government with an aim to improve efficiency of development works related to policing. Base year to measure WPI revised from 2004-05 to 2011-12 According to The Economic survey, extreme weather events are costing India $9-10 billion annually and climate change is projected to impact agricultural productivity with increasing severity from 2020 to the end of the century. Gobindobhog rice,a speciality from Burdwan district of West Bengal, has got the geographical indication (GI) status. As a result of getting the GI tag, as the certification is also called, rice from other regions or rice of other varieties cannot be branded as Gobindobhog . For the first time ever, forex exchange reserves crossed the $400-billion mark as on September 8 to reach $400.727 billion, data from the Reserve Bank of India show. The central bank took almost a decade to shore up its forex kitty by $100 billion to cross $400 billion from $300 billion. According to a new series of gross State domestic product data with 2011-12 as the base year published by the Central Statistics Office, Arunachal Pradesh was the fastest expanding State economies in 2015-16 followed by Jammu and Kashmir. Maharashtra topped the list. State Bank of India (SBI) is India s most trusted and most popular bank according to a survey conducted by Brand Finance, a business valuation and strategic consultancy headquartered in London. The Reserve Bank of India (RBI) has said, India s current account deficit (CAD) rose sharply to $14.3 billion in the first quarter (April-June) of 2017-18 from $0.4 billion reported for the like period of 2016-17. According to Dun and Bradstreet report titled India s Top Banks 2017 , the credit growth of all scheduled commercial banks slowed down from 10.9 per cent in 2015-16 to 8.1 per cent in 2016-17. According to Japanese financial services major Nomura, India s current account deficit is expected to widen to 1.5 per cent of GDP in 2017 Project Insight , launched in October 2017, will use big data analytics to match information from social media sites to deduce mismatches between spending pattern and income declaration. So next time a photo of your shiny new luxury car on Instagram or a costly watch on Facebook may lead the taxman to your door as the tax department from next month will begin amassing virtual information to trace black money. India s first bullet train between Ahmedabad and Mumbai is likely to be completed by 2022, the year marking 75 years of India s Independence. According to Fitch Ratings, Indian Banks will require about USD 65 billion in additional capital, to meet the new Basel-III capital standards by March 2019 (financial year 2018-19) and push loan growth. The Reserve Bank of India, RBI will introduce 100 rupees coin to mark the birth centenary of AIADMK founder Late Dr M G Ramachandran. It will also issue 5 rupees coin to mark the birth centenary of Dr M G Ramachandran. The Vice President of India Shri M. Venkaiah Naidu released a Commemorative Coin on Bharat Ratna Dr. M.S. Subbulakshmi and inaugurated an exhibition entitled Kurai Onrum Illai-MS: Life in Music on the occasion of Birth Centenary Commemoration of Dr. M.S. Subbulakshmi. Madurai Shanmukhavadivu Subbulakshmi (also known as M.S.) was an Indian Carnatic singer from Madurai, Tamil Nadu. She was the first musician ever to be
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awarded the Bharat Ratna, India s highest civilian honour. She is the first Indian musician to receive the Ramon Magsaysay award, often considered Asia s Nobel Prize. The Pension Fund Regulatory and Development Authority (PFRDA) has upped the age limit for joining the National Pension Scheme (NPS) to 65 years from the current 60. NPS is currently open for people between 18 and 60, and the Board has approved raising the age limit for joining to 65. The scheme anyway has the option of continuing and making contributions up to the age of 70. According to revised estimates published by the World Trade Organisation (WTO), global merchandise trade is expected to grow at a higher 3.6 per cent in 2017, compared with 1.6 per cent increase last year. The WTO had earlier projected the world trade to grow at 2.4 per cent in 2017. India s external debt amounted to $485.8 billion during the quarter ended June 17, up 1.3 per cent over the same period a year ago. According to data released by the Commerce Ministry, cooling of food prices helped ease India s annual rate of inflation based on the Wholesale Price Index (WPI), with the revised base year of 2011-12, in September to 2.6 per cent. According to market research firm Gartner, Global IT spending in India is projected to hit $3.7 trillion in 2018 — a 4.3 per cent increase from 2017. According to Coffee Board, coffee output in India, is pegged to be a record 3.50 lakh tonnes in the 2017-18 marketing year started this month on higher acreage. The GST council meet chaired by Finance Minister Arun Jaitley mentioned that permanent account number (PAN) or Aadhaar would not be mandatory if jewellery is purchased above Rs 50,000. Govt. approved Rs 2,000 crore specifically for setting up Aadhaar centres in post offices, a move that will see private contractors phased out from the data collection process. The provisional figures of Direct Tax collections up to September, 2017 reported a 15.8 percent increase (Rs. 3.86 lakh crore) compared to the net collections for the corresponding period of last year. Digital payments to grow at 26 % CAGR during 2016-2020: World Payment Report The centre has released Rs 8,698 crore to states to compensate them for revenue loss following Goods and Services Tax (GST) implementation. All states barring Rajasthan and Arunachal Pradesh, have been given compensation. According to the data furnished by the Comptroller General of Accounts (CGA), the Indian budgetary fiscal deficit over the first half of the current financial year at Rs 4.99 lakh crore — stood at 91.3 per cent of the full year s target of Rs 5.46 lakh crore. According to NITI Aayog Vice-Chairman Rajiv Kumar, the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow at 6.9-7 % this fiscal (2017-18) and 7.5% in 2018-19. Government has permitted banks to sell more small savings schemes. Banks can also sell National Savings Time Deposit Scheme 1981, National Savings (Monthly Income Account) Scheme 1987, National Savings Recurring Deposit Scheme 1981 and NSC VIII issue. Present annual rate of interests are as: Investments in the public provident fund (PPF) – 7.8 per cent Kisan Vikas Patra (KVP) investments – 7.5 per cent and mature in 115 months. Sukanya Samriddhi Account Scheme – 8.3 per cent
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5-year Senior Citizens Savings Scheme – 8.3 per cent. The interest rate on the senior citizens scheme is paid quarterly. The government gave ex-post facto clearance to implementation of the Special Banking Arrangement (SBA) of Rs10,000 crore for payment of outstanding claims towards fertiliser subsidy in 2016-17. Asia Index Pvt Ltd, a joint venture of S&P Dow Jones Indices and BSE, has launched an environmental, social and governance (ESG) index to measure the exposure to securities meeting sustainability investing criteria. Eight core sectors grew to a six-month high of 5.2 per cent in September, helped by a robust performance in coal, natural gas, and refinery segments. According to the Japanese financial services major, Nomura s report, India s current account deficit (CAD) for this financial year is expected to be around $40 billion, or 1.5% of gross domestic product (GDP). The revenue department has announced that farmers do not need to quote PAN for cash sale of their produce up to Rs 2 lakh a day. Lauding India s increasing per capita income, World Bank CEO Kristalina Georgieva said she has no doubt that India will be a high-middle income country by 2047 when it completes its centenary year of independence. India s insurance regulator IRDAI has mandated all insurers – life and non-life – to link the Aadhaar number of the policy holders to their policies. It further said that linking of Aadhaar number to insurance policies is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules 2017. Sidbi, Crisil to launch sentiment index named CriSidEx for micro, small and medium enterprises (MSME) sector The Government of India launched the BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs.8,000 crore. This New Fund Offer is open till November 17, 2017. The Units of the Scheme will be allotted 25% to each category of investors. According to data from the Ministry of Commerce and Industry, the Wholesale Price Index (WPI), with the revised base year of 2011-12, went up in October to 3.59 per cent from 2.60 per cent in September. Apps Launches/ Portal/Helpline
APP/Portal Features/Use Hire Google has launched Hire , a recruiting app for small- and medium-sized businesses. MERIT app (Merit Order Despatch The app and the portal would help the states to select Independent Power of Electricity for Rejuvenation of Producers (IPPs) for procurement of power by transferring their domestic Income and Transparency) and coal. the e-bidding portal launched by Power Ministry. GST Rates Finder to enhance the ease of doing business post the rollout of the GST launched by Central Board of Excise and Customs (CBEC) Rail SAARTHI to cater to various passenger requirements, including ticket booking, inquiry, on-board cleaning and ordering meal on a single platform. mAadhaar for syncing Aadhaar data on the mobile phone, has been launched by UIDAI (Unique Identification Authority of India). Aarambh Mobile App for Road Maintenance Sagar Vani An Integrated Information Dissemination System. launched by Minister of Science & Technology, Earth Sciences and Environment, Forests & Climate Change Dr. Harshvardhan
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India Quake An App for Earthquake Parameter Dissemination. launched by Minister of Science & Technology, Earth Sciences and Environment, Forests & Climate Change Dr. Harshvardhan Kaizala Microsoft Kaizala is a Made for India product and brings together the two disparate worlds of mobile-only messaging apps and a digitally integrated modern workplace e-RaKAM (Rashtriya Kisan Agri an e-platform to trade agriculture commodities to ensure better returns to Mandi) farmers and access to larger markets to buyers. AGRI UDAAN programme Launched by Hyderabad-based ICAR-National Academy of Agricultural Research Management (NAARM). Selected startups will be trained to develop innovative agriculture products. Bespoke mobile wallet (mobile State-run Bharat Sanchar Nigam Limited (BSNL) has launched it. payment App) Has been developed and issued by MobiKwik on behalf of BSNL. 1. MyFASTag (Launched by 1. Consumer App. A consumer can purchase or recharge FASTags on this App National 2. Merchant App. Common Services Centre, banking partners and vehicle and Highways dealers can sell and enroll FASTag through this App Authority 2. FASTag Partner of India)
Science & Technology
A group of Indian astronomers have discovered a massive supercluster of galaxies, and have named it Saraswati. A US-Russia research collaboration at Harvard has created the world s most advanced quantum computer In a first, US scientists have developed a plant-based Zika vaccine that could be more potent, safer and cheaper to produce than other medicines being developed for the disease. The vaccine, developed using tobacco plant, targets a key protein — called DIII — which envelopes the outside of the Zika virus and plays a key role for the virus to infect people. International Astronomical Union (IAU) named an asteroid after a young Indian scientist Dr. Guneshwar Thangjam. The asteroid, which orbits the sun is called Thangjam Asteroid or 11806 Thangjam . British scientists have developed the world s smallest surgical robot which could transform daily operations for tens of thousands of patients. The robot is called Versius. The Indian Space Research Organisation (ISRO) has planned to launch a full-fledged niche Earth observation (EO) satellite — called the Hyperspectral Imaging Satellite or HySIS — using a critical chip it has developed. The NASA has successfully launched Tracking and Data Relay Satellite-M (TDRS-M) into orbit. India s rendezvous with the red planet continues as its celebrated Mars Orbiter Mission (MOM) completes three years in orbit. The country had on 24 September 2014 successfully placed the Mars Orbiter Mission spacecraft in the orbit around the red planet, in its very first attempt, thus breaking into an elite club. NASA astronaut Peggy Whitson, the world s most experienced spacewoman, has returned to Earth after clocking cumulative 665 days in space. The 57-year-old landed after completing 288 days and 4,623 orbits around Earth during her third ISS mission. According to an international team of astronomers used the NASA/ESA Hubble Space Telescope, the Earth-sized planets orbiting the ultracool TRAPPIST-1 dwarf star 40 light-years away may have substantial amounts of water and could be habitable.
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Scientists from Brown University in the US have created the first map of water trapped in the uppermost layer of the Moon s soil using data from an instrument aboard India s Chandrayaan-1 spacecraft. As per a study says that this may prove useful to future lunar explorers. In a bid to boost the health sector, scientists at The University of Manchester have created the world s first molecular robot which can be used to build molecules and also help discover novel drugs. The U.S. Food and Drug Administration (FDA) has approved for the first time a test -- cobas Zika test -- for detecting the Zika virus in donated blood. According to a large clinical trial in Liberia, two experimental Ebola vaccines — cAd3-EBOZ and rVSV-ZEBOV — are safe and can elicit immune response that lasts for at least one year. After orbitting the Red Planet for 16 years, NASA s Mars Odyssey spacecraft has captured its first images of the Martian moon Phobos. Astronomers have discovered that a Sun-like star - Dubbed Kronos - lurking around 350 light-years away consumed the rocky equivalent of 15 Earths. India s second bid to explore Earth s satellite is likely to start in March 2018. The Indian Space Research Organization (ISRO), is set to start a lunar journey of the Chandrayaan-2 mission as early as March of next year. Defence News The joint military exercise – Surya Kiran between India and Nepal held in in Rupandehi district, Nepal. The exercise Yudh Abhyas – 2017 between India and USA, will be held from September 14-27 at Joint Base Lewis- McChord in the US. Indian Navy and Sri Lankan Navy on 7 September 2017 began the 2017 Sri Lanka-India Exercise (SLINEX) at Visakhapatnam, Andhra Pradesh. Indian and Kazakhstan - 14-day joint exercise Prabal Dostyk 2017 from November 2 in Bakloh belt of Himachal Pradesh. Indian and the Bangladeshi armies - an intensive combat exercise Exercise Sampriti at India s Counter-Insurgency and Jungle Warfare School at Vairengte in Mizoram. An army training capsule on counter-insurgency/ counter-terrorism operations will be conducted in Patna s Danapur Cantonment from November 13 to December 10. Coastal security exercise Sagar Kavach , in which several security and intelligence agencies are expected to participate, will be held off the Goa coast on November 8 and 9, 2017. Indian Naval ship Sukanya reached Belawan port, Indonesia to take part in the 30th edition of CORPAT (Coordinated Patrol) and third Bilateral exercise between the Indian and Indonesian navies. Exercise INDRA-2017, the first ever Tri Services Joint Exercise between Indian and Russian Armed Forces conducted at the 249th Combined Army Range Sergeevisky and in the Sea of Japan near Vladivostok, Russia. A 45 member contingent of the Indian Air Force left for Israel to participate in exercise Blue Flag-17 . Blue Flag is a bi-annual multilateral exercise which aims to strengthen military cooperation amongst participating nations. Indian Air Force is participating with the C-130J special operations aircraft along with Garud commandos. The Indian Coast Guard has handed over offshore patrol vessel ICGS Varuna to the Sri Lankan Coast Guard. India has earlier handed over two offshore patrol vessels of the Indian Coast Guard — Varaha in April 2006 and Vigraha in August 2008. ICGS Varuna, named after sea god Varuna, was commissioned in the Indian Coast Guard in February 1988.
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The Defence Research and Development Organisation (DRDO) twice successfully flight tested Indias indigenously developed third generation Anti Tank Guided Missile (ATGM) Nag in Rajasthan. Astra, the beyond visual range air-to-air missile, is all set for production and later induction into the armed forces. A multi agency exercise was conducted on the banks of Hussain Sagar Lake as the final event of Pralay Sahayam in Hyderabad. A new interceptor boat V-409 built by Bharati Defence and infrastructure limited was launched at Mangalore. The objective of the boat is to provide coastal security. The Indian Coast Guard has commissioned two high-speed interceptor boats –C-433 and C-434 (built by L&T Shipbuilding) — fitted with a 12.7 mm machine gun at the Dighi Port in Mumbai, in a move that will boost security along the Maharashtra coastline. For the first time in 22 years, India s first ingenuously built INS Kalavari submarine has been handed over to the Indian Navy. INS Tarasa, a Water Jet Fast Attack Craft intended for extended coastal and offshore surveillance and patrolling, has been commissioned into the Indian Navy. China has announced commissioning its first radar-evading J-20 stealth fighter jets into military service, giving its air force an edge in the region. The Chengdu J-20 is China s fourth-generation medium and long-range fighter jet Bangladesh naval ship Somudra Avijan arrived Visakhapatnam on a four-day goodwill visit to the Eastern Naval Command (ENC). On the occasion of its 85th anniversary, the Indian Air Force has launched an innovative mobile health App named `MedWatch in keeping with the Prime Minister s vision of Digital India . Union Defence Minister Nirmala Sitharaman commissioned the third of the four indigenously-built Anti-Submarine Warfare (ASW) stealth corvettes INS Kiltan under Project 28 (Kamorta class) into the Indian Navy at Visakhapatnam s Naval Dockyard. Indian Naval Ships Satpura and Kadmatt will participate in Passage Exercise (PASSEX) with Japanese Marine Self Defence Force. An offshore patrol vessel (OPV) named Vikram , entirely developed in-house by Larsen and Toubro and the country s first-ever such defence craft to be built in a private shipyard, has been handed over to the Coast Guard. GOI has armed the Indo-Tibetan Border Police (ITBP) with ISRO s geostationary communication satellite, GSAT-6, to supervise the nearly 3,500-km-long Sino-Indian border. The Indian Navy has dispatched a P-8I long-range maritime reconnaissance aircraft to Manila to undertake a Search and Rescue (SAR) for missing sailors of a merchant vessel that sank off the coast of Philippines. India has successfully test-fired an indigenously developed short-range and Quick Reaction Surface to Air missile (QRSAM) from Chandipur along the Odisha coast. Muntra, country s first unmanned tank, rolls out from the Chennai lab. The US Navy inducted the world s largest aircraft carrier USS Gerald R Ford, which is worth over Rs83,000 crore ($12.9 billion) and weighs 1 lakh tonnes. Two naval offshore patrol vessels (NOPVs) named Shachi and Shruti delievered to Navy by Reliance Defence and Engineering Ltd (RDEL). Warships, submarines, aircraft and personnel from India, Japan and the US will participate in the Malabar 2017 exercise in the Bay of Bengal from July 7-17. Doppler Weather Radar built by Indian Meteorological Department at Kochi.
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A student of Chennai s SRM University, Dacharla Panduranga Rohith developed a Nano Missile on 21 August 2017 recognised by World Records of India. A six-member all-woman team of the Indian Navy will set sail to circumnavigate the globe on the sailing vessel INSV Tarini. This is the first-ever Indian circumnavigation of the globe by an all-woman crew. The expedition has been titled Navika Sagar Parikrama . The Indian Coast Guard Ship Varuna, which was part of the First Training Squadron of the Navy, was decommissioned with full armed forces honours at a ceremony held at the south jetty of the Southern Naval Command. Pakistan successfully test fires short-range ballistic missile, Nasr The Union Government announced on 3 November 2017 that an indigenously developed lightweight Glide bomb was successfully tested in Chandipur in Odisha. Indian Navy is likely to go with an advanced catapult-based aircraft launch mechanism (CATOBAR) from the U.S. for its second indigenous aircraft carrier (IAC-II) India successfully test-fired the indigenously-designed and developed long-range subsonic cruise missile Nirbhay from an Integrated Test Range (ITR) at Chandipur in Odisha s Balasore. It failed its last test in December 2015. Aiming to strengthen coastal security along the Odisha and West Bengal coastline, the governments of both states will hold a joint security exercise Sagar Kavach in the Bay of Bengal Sports News
Tournament Winner Extra Info Senior National title – women s singles title PV Sindhu Senior National title – men s singles title H.S. Prannoy Asian Boxing Championships Mary Kom Held in Vietnam Panasonic Open India (Golf) Shiv Kapur Fatima Bint Mubarak Ladies Open (Golf) Aditi Ashok Asia Cup Hockey Title (Women) India Beat China IBSF World Billiards Championship Pankaj Advani Championship held at Doha, Qatar United States Open Grand Prix HS Prannoy Parupalli Kashyap Asian Team Snooker Championship Team: Pankaj Advani and Laxman Rawat South Australian Open squash title Harinder Pal Sandhu Malaysian Squash Tour X event Harinder Pal Sandhu Korea Open (Badminton) PV Sindhu She defeated World Championships gold winner, Japan s Nozomi Okuhara 2nd South Asian Basketball, SABA, Under – India Bangladesh finished second and host Nepal 16 Championship third. South Asian Football Federation (SAFF) India Beat Nepal Under-15 Championship Hockey Asia Cup title India Defeated Malaysia. Held in Dhaka, Bangladesh. Women s World Cup 2017 England India FIFA Confederation Cup Football title Germany Chile
FIBA Asia Cup 2017 (Basketball Australia Beat Iran
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Championship) FIFA Under-17 World Cup England Defeated Spain. Tournament held in India. Final at the Salt Lake Stadium in Kolkata. The FIFA U-17 World Cup in India became the most attended in the history of the tournament. Pro Kabaddi League title Patna Pirates Beat Gujarat Fortunegiants MCC-Murugappa Gold Cup Oil and Natural Gas Beat Bengaluru Hockey Corporation (ONGC) French Open title – men s singles Kidambi Srikanth It is his 4th title of the year. Earlier - Indonesia Open, Australian Open and Denmark Open. Denmark Open title – men s singles Kidambi Srikanth Bulgarian International Shuttler RMV Gurusaidutt World Open Under-16 Snooker Anupama Held in Russia Championship title Ramachandran U-15 Asian Junior Championship Shuttler Samiya Imad Held in Myanmar Farooqui European Racing Championship Mahaveer He became first Indian to win the race Raghunathan Gold at Wushu World Championships Pooja Kadian India s first ever gold medal at the chanpionship 8th MCC – S R Subramaniam Memorial ITF Sumit Nagal Futures Men s tennis championship 57th National Open Athletics Govindan Lakshmanan Championships (Men s 500-meter race) Commonwealth Youth weightlifting Konsam Ormila Devi She bagged a gold medal in 44kg weight Championship category. C ship held at Gold Coast, Australia World Cadet Chess Championship in the Divya Deshmukh under-12 category Cadet World Wrestling Championship Sonam Malik She won a gold medal by defeating Japanese Wrestler Sena Nagamoto Belgian Junior Open (Badminton) Vaishnavi Reddy 2017 US Open (tennis) – Men s singles Rafael Nadal (Spain) 2017 US Open (tennis) – Women s singles Sloane Stephens With she won her 1st Grand Slam. (American) 2017 US Open (tennis) – Men s Doubles Henri Kontinen (Finland), John Peers (Australia) 2017 US Open (tennis) – Women s Doubles Ekaterina Makarova (Russia), Elena Vesnina (Russia) 2017 US Open (tennis) – Mixed Doubles Martina Hingis
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(Switzerland) and Jamie Murray (British) International Shooting Sport Federation Jitu Rai and Heena (ISSF) World Cup Final - 10m air pistol Sidhu mixed team event Macao Open trophy Indian golfer Gaganjeet Bhullar National Blitz Chess Championship R.R. Laxman Championship held at Kolkata 74th National Squash Championships – Saurav Ghoshal men s singles 74th National Squash Championships – Joshna Chinappa women s singles Asian Shotgun Championship Ankur Mittal Championship held at Astana, Kazakhstan Bulgaria Open International Series title– Lakshya Sen men s singles WBO Asia Pacific Super Middleweight title Vijender Singh Beated Chinese opponent Zulpikar Maimaitiali Austrian Grand Prix 2017 Valtteri Bottas Sebastian Vettel Mexico Grand Prix Max Verstappen F1 s Malaysian Grand Prix Max Verstappen after beating Lewis Hamilton. Hungarian Grand Prix 2017 Sebastian Vettel Kimi Raikkonen Brazilian Grand Prix Sebastian Vettel Italian Grand Prix Mercedes Lewis Beat Max Verstappen Hamilton Singapore Grand Prix Lewis Hamilton Beat Daniel Ricciardo Belgian Grand Prix 2017 Lewis Hamilton Beat Sebastian Vettel British Grand Prix 2017 Lewis Hamilton Valtteri Bottas Japanese Grand Prix Lewis Hamilton Formula One world champion Lewis Hamilton US Grand Prix Lewis Hamilton Tianjin Open Maria Sharapova Wimbledon 2017 Men s singles Roger Federer Marin Cilic (Switzerland) Wimbledon 2017 Women s singles Garbiñe Muguruza Venus Williams (Spain) Wimbledon 2017 Men s doubles Łukasz Ku ot Pola d / Marcelo Melo (Brazil) Wimbledon 2017 Women s doubles Ekaterina Makarova (Russia) / Elena Vesnina (Russia) Wimbledon 2017 Mixed doubles Jamie Murray (United Kingdom) / Martina Hingis (Switzerland)
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Sports
India will host the men s World Championship in 2021. India will host women s World Championship for the second time in 2018. Indonesia to host Asian Football Confederation (AFC) U-19 championship in 2018 Russia s Kazan to host 2022 World Short Course Swimming Championships China s Hangzhou to host 2018 World Short Course Swimming Championships. India will host the 2019 edition of the Commonwealth (Youth, Junior and Senior) Weightlifting Championships. Birmingham has been named as the British government s choice to host the 2022 Commonwealth Games. The World Senior Badminton Championship began at Kochi. It is for the first time that India is hosting the Championship. Asia Road Racing Championship started from 22nd September in Chennai, Tamil Nadu. South Asian Championship to be held in Guwahati from December 6-10. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the revamped Khelo India programme at a cost of Rs.1,756 crore for the period 2017-18 to 2019-20. India becomes 1st visiting country to inflict 5-0 whitewash on Sri Lanka. Meghalaya Chief Minister Mukul Sangma launched a statewide football grassroots development programme Mission Football . Chennai Open renamed Maharashtra Open, to be held in Pune from next year. Indian women s cricket team skipper Mithali Raj has surpassed former England captain Charlotte Edwards to become the highest run-scorer in the One-Day Internationals (ODI). Ace Indian shuttler PV Sindhu was awarded the Sportsperson of the Year award by Sports Illustrated magazine. Pullela Gopichand was conferred with the Coach of the Year award by Sports Illustrated magazine. Sports Illustrated magazine :: Former sprinter Milkha Singh bagged the Living Legend award, the Lifetime Achievement award was won by shooter Abhinav Bindra, Inspirational athlete of the year award was won by Deepa Malik. Prime Minister Narendra Modi inaugurated The Arena in Ahmedabad, Gujarat one of the most advanced integrated multi-purpose stadiums. Budding India shooter Shapath Bhardwaj, aged 15, has become the country s youngest athlete to figure in the government s Target Olympic Podium (TOP) scheme. PV Sindhu Becomes Second Indian To Win Silver At World Badminton Championship. Oinam Bembem Devi Becomes Second Indian Female Footballer To Win The Arjuna Award. Indian captain Virat Kohli became the leading ODI run-scorer in 2017. Kohli, who has now scored 907 runs this year, overtook South Africa s Faf du Plessis, who has 814 runs in 2017. India beat Austria 4-3 to end European tour on a high Legendary Sprinter Usain Bolt retires. England's all-time leading goalscorer Wayne Rooney has announced his retirement from international football. U-19 cricket Asia Cup to be held in November 2017 has been shifted from Bengaluru to Malaysia following the Pakistan Cricket Board (PCB) s objection to the tournament being held in India. USA tops the IAAF World Championships 2017 medal tally (30 medals). It was held in London. Hero-the Hedgehog was a Mascot of 2017 IAAF World Championships and Whizbee-the Bee was the Mascot for the Para Athletics. Five-time world champion and Olympic bronze medalist MC Mary Kom has become the first Indian to be picked as International Boxing Association s (AIBA) representative for the IOC Athletes Forum, scheduled in November.
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MS Dhoni has became the first wicketkeeper to have 100 stumpings to his names in one-day international. Dhoni surpassed former Sri Lankan wicket-keeper Kumar Sangakkara, who had 99 stumpings in 404 matches. Indian captain Virat Kohli became the fastest player to score 15,000 runs in international cricket during the one-off T20I against Sri Lanka. The renowned Indian Badminton legend Prakash Padukone has been selected for the first life time award by Badminton Association of India. He has been selected for the award for his contributions to Badminton. The captain of the Indian basketball team, Amritpal Singh scripted history by becoming the first Indian-born player to be picked up by an Australian NBL team. The present Chief Coach of India senior women Hockey Team, Waltherus Norbertus Maria Marijne is appointed as the Chief Coach of Indian Senior Men Hockey Team. Also, Shri Harendra Singh, Dronacharya Awardee, Hockey Coach as High Performance Specialist Coach for Indian Senior Women Hockey Team. FIFA U-17 World Cup song officially launched - Called Kar Ke Dikhla De Goal , the song has been written by lyricist Amitabh Bhattacharya and composed by Pritam. Acting on the recommendations of the Olympic Task Force on preparations for Olympics 2020-2028, the Sports Ministry has announced the setting up of an Empowered Steering Committee (ESC) to look into the same. The task force with members such as Abhinav Bindra and P Gopichand had submitted its interim report focussing on short- term preparations for the 2020 Tokyo Games on May 22. Hockey India has sacked national coach Roelant Oltmans after a string of unimpressive outings at the international level. England s top tier football club Tottenham Hotspur has unveiled the world s first-ever dividing retractable pitch at its new stadium. The retractable grass football pitch will sit on top of an artificial pitch which will be used by American football league NFL Official Slogan and Emblem of FIFA Women s World Cup France 2019. - The slogan of the tournament Dare To Shine reflects the development of football, especially women s football. India remain 4th in women s cricket team rankings The Indian football team rose two spots above to 105th position in the latest FIFA rankings in October 2017. Ravi Shastri has emerged as the world s highest earning cricket coach with salary close to 1.17 million dollars per year, according to ESPNCricinfo. Jeakson Singh Thounaojam created history at Delhi s Jawaharlal Nehru Stadium by scoring India s first goal in a World Cup during India s match against Colombia. Yuvraj Singh has been appointed as Laureus first Indian ambassador. Virat Kohli has become the top run-scorer at the 200 ODI-mark, after taking the field against New Zealand in the first ODI at Mumbai. Virat Kohli became the fastest to reach 9000 ODI runs, taking just 194 innings to achieve the feat On October 29, as the ICC Rankings were updated, both the Indian captains Virat Kohli and Mithali Raj came out on top. Kohli overtook South Africa s AB de Villiers in the rankings and Mithali Raj overtook Australia s Meg Lanning. Indian pacer Ashish Nehra confirmed his retirement from all forms of cricket on Nov. 1 Kavita Devi, who was part of the WWE s Mae Young classic tournament, has made history by becoming the first ever woman wrestler from India to be awarded a WWE developmental contract. Netherlands captain Arjen Robben announced retirement from international football.
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All-rounder Shakib Al Hasan became the first cricketer from Bangladesh to be inducted in the MCC World Cricket Committee under the chairmanship of Mike Gatting. Heena Sidhu clinched the 10-metre air pistol gold medal at the Commonwealth Shooting Championships. In a bid to create awareness about para-sports and provide a platform to para sportspersons to narrate their stories of triumph and adversity,thenationspride.com, the country s first portal dedicated to para-sports has been launched in Mumbai, Maharashtra. Dehradun, Uttarakhand hosted its first ever Ranji Trophy cricket match. Scott Fleming, former India men s national team head coach, has joined NBA India as Head of Basketball Operations. The U-17 World Cup will set a record of sorts as it will see for the first time a female assistant referee in a FIFA men s competition this time. Seven female assistant referees from across the world, one from each continent, have been chosen by FIFA. Switzerland s Esther Staubli became the first female referee to officiate a match at the FIFA U-17 World Cup when Japan clashed with New Caledonia in the final round group E match in Kolkata on 14th October 2017. Official ball for Under-17 football World Cup -- Krasava, a word generally used by Russian sports fans to describe a striking performance and it is the ultimate praise for a team when they play with creativity and flair. 9 top weightlifting countries suspended by the by the International Weightlifting Federation – Russia, China, Kazakhstan, Armenia, Azerbaijan, Belarus, Moldova, Turkey, and Ukraine. Australian fast bowler John Hastings announced his retirement from first-class and one-day cricket Federation Internationale de Football Association (FIFA) has decided to suspend the Pakistan Football Federation. The next cricket season will witness the debut of Puducherry in the domestic circuit after the Supreme Court- appointed Committee of Administrators (CoA) acceded to BCCI s proposal of granting associate membership to the Union Territory. Turkey is all set to host the 10th installment of the World Rally Championship (WRC) in September 2018 in Ankara, capital city of Turkey. Indian ace shuttler Srikanth Kidmabi has risen to the zenith of his career as he established himself as world number 2 in the latest BWF men s singles ratings. Indian women s cricket team captain Mithali Raj bagged the Indian Sportswoman of the Year (Team Sports) award at the Indian Sports Honours (ISH) event. Geeta Phogat wins gold at All India Police Championship Prakash Nanjappa wins gold at Commonwealth Shooting Championships Virat Kohli - top of the latest ICC Twenty-20 Rankings for Batsmen. Spain s Rafael Nadal was presented with ATP World No. 1 award The official mascot of the 2017 AIBA Youth Womens World Boxing Championship is Assams famed one-horned rhino. The official mascot, anointed Guppy, is a female version of Assam s one-horned rhino. The opening ceremony is scheduled to take place on November 19 at the Maulana Mohd. Tayebulla Hockey Stadium. The Delhi and District Cricket Association (DDCA) has named a gate of the Feroz Shah Kotla ground after former India opener Virender Sehwag. The Gate No. 2 of the stadium, in Delhi, was named as the Virender Sehwag Gate . Indian fast bowler Jasprit Bumrah became the number one bowler in the latest ICC T20I rankings Player Rankings. Pakistan to host ACC Emerging Nations Cup in April 2018
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Hong Kong is set to become the first Asian city to host the Gay Games, after it won the right to host the Games in 2022, beating the likes of Mexico s Guadalajara and Washington DC. 25-time Grand Slam champion Martina Hingis has announced her retirement from professional tennis at the conclusion of the BNP Paribas WTA Finals Singapore. Adidas Football has unveiled the Telestar 18 official ball for the 2018 FIFA World Cup to be held in Russia. India s star gymnast Dipa Karmakar has been conferred a D.Litt. degree from the National Institute of Technology (NIT) Agartala. M. S. Dhoni inaugurated his first global cricket academy in Dubai, UAE.
Committees
Head of Committee Purpose Dr. Rajiv Kumar NITI Aayog has constituted an Expert Task Force to provide a major thrust to job creation by enhancing India s exports. It will be headed by NITI Aayog Vice Chairman Dr. Rajiv Kumar. Bhupender Yadav The Financial Resolution and Deposit Insurance Bill, 2017 has been referred to a Joint Parliamentary Committee of both the Houses, under the Chairpersonship of Shri Bhupender Yadav, M.P for examination and presenting a Report to the Parliament. Sushil Kumar Modi (Bihar The Union Finance Ministry has constituted Group of Ministers (GoM) to monitor and Deputy Chief Minister) resolve IT challenges faced in implementation of Goods and Services Tax (GST). Dilip C Chakraborty The RBC (risk-based capital) committee headed by Dilip C Chakraborty in its report to Irdai suggested that the industry should move ahead with RBC to ensure that capital held by a company will take into account its overall risk profile. Bibek Debroy The Economic Advisory Council headed by NITI Aayog member Bibek Debroy will be an independent body for giving advice on economic and related issues to the government, especially to the Prime minister. T.K. Viswanathan The Home Ministry is examining a report submitted by a high-level committee formed to propose new laws or amendments to deal with hate speech on the internet. The committee, headed by T.K. Viswanathan submitted its report to the Union Home Ministry recently. K. Viswanathan Securities and Exchange Board of India (Sebi) has set up a committee on fair market conduct . Justice B N Srikrishna To study various issues relating to data protection in the country and suggest a draft data protection Bill. Formed by Union Government. Justice BN Srikrishna To review the Institutionalization of Arbitration Mechanism in India has submitted its report. Maj. General (Retired) B C Committee has recently recommended 100% pension to widow of deceased soldier Khanduri Committee of joint Constituted by GOI for ensuring enhanced affordability, availability and accessibility of secretaries drugs for the citizens. K Rajeswara Rao To review the National Mineral Policy, 2008, and suggest a new framework will submit its report by October-end. Tarun Ramadorai Committee on Household Finance has suggested that banks link their home loan rates to the RBI s repo rate, the rate at which it lends to banks, instead of the Marginal Cost of Funds based Lending Rate (MCLR).
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D.B. Shekatkar The government has accepted the first batch of 65 recommendations of the Lt General D.B. Shekatkar (retd) committee which will result in redeployment of 57,000 personnel for various other required duties. PM Narendra Modi Government of India will commemorate the 150th Birth Anniversary of Father of the Nation Mahatma Gandhi during the period from 2nd October, 2019 to 2nd October, 2020. Rajiv Kumar (NITI Aayog For proper management of water resources in the North-Eastern region Vice Chairman) G Rohini (Delhi High Court s To examine subcategorisation of Other Backward Classes (OBCs) under Article 340 of former Chief Justice) the Constitution Himanta Biswa Sarma To make the composition scheme more attractive and to revisit the goods and services tax rates on restaurants. Sarma is Assam finance minister. Shashi Tharoor A parliamentary committee has decided to examine the whole gamut of Sino-Indian relations, including the border situation. PV Reddi Law ministry nod to panel to look into pay hike issue of lower court judges Afzal Amanullah Committee appointed by the government on Haj Policy has recommended phasing out of subsidy for Haj pilgrims and allowing women devotees above 45 years of age to travel in a group of at least four without a male. Arun Jaitley Panel will oversee merger proposals of state-owned banks. The other members of the panel include Railway and Coal Minister Piyush Goyal and Defence Minister Nirmala Sitharaman. The constitution of Alternative Mechanism (AM) is a movement in that direction. A. Arumughaswamy Panel constituted by Tamil Nadu Government to look into the circumstances leading to the death of former Chief Minister Jayalalithaa. Y. M. Deosthalee Panel set up by RBI to develop a comprehensive public credit registry (PCR) — an extensive database of credit information for India that is accessible to all stakeholders. A Surya Prakash Panel formed to select the candidate for the post of editor-in-chief of Rajya Sabha TV (RSTV). Surya is Prasar Bharati Chairman. B C Khanduri Panel to examine the operational preparedness of the armed forces and review the accidents involving strategic defence assets. Yashwant Thorat Maharashtra government has formed a committee to study the feasibility of merging financially weak District Central Cooperative Banks (DCCBs) with the Maharashtra State Cooperative (MSC) Bank Sushil Chandra Multi-Agency Group (MAG) will investigate the Paradise Papers on offshore financial holdings, including a list 714 Indian individuals and entities. M Vinod Kumar Panel has started a review of the laws governing goods and services tax (GST) to remove any glitches. CK Mishra Committee to formulate short and long-term measures to solve the problem of air pollution in the Delhi-NCR region.
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Rankings
Index India’s Rank Other Information Global index of countries with the 1st 73 per cent Indians have faith in the Narendra Modi led most confidence in their government NDA coalition, the highest in the world Global Retail Development Index 1st India replaced China at numero uno position Highest proportion of digital talent 1st According to the Capgemini and LinkedIn survey, India has the highest proportion of digital talent with 76 percent among the countries surveyed, compared to the global average of 56 percent. Global TB Report 2017 1st India s rank accounting for 64 per cent of the 10.4 million new tuberculosis (TB) cases worldwide in 2016. report released by the World Health Organisation (WHO). World s largest smartphone market 2nd Ist – China India overtook USA to become world s second-largest smartphone market Biggest beef exporter 3rd 1st – Brazil According to OECD-FAO Agricultural Outlook 2017-2026 report released by Food and Agriculture Organisation (FAO) and the Organisation for Economic Cooperation (OECD) Nuclear Power Installations 3rd (number of Topped by China (number of nuclear reactors being nuclear reactors installed is 20) being installed is 6) Fastest growing economy in the 4th 1st - Estonia world according to the World Bank s latest edition of the Global Economic Prospects Foreign investor into the UK 4th 1st - USA Global Climate Risk Index (CRI) 6th 1st – Haiti Business Optimism index 7th 1st – Indonesia Most valuable nation brand 8th 1st – USA According to Brand Finance s Nation Brands 2017 Global Cybersecurity Index (GCI) 23rd 1st – Singapore released by the UN telecommunications agency International Telecommunication Union (ITU) Melbourne Mercer Global Pension 28th 1st – Denmark Index 2017 World Economic Forum s (WEF) 40 Topped by Switzerland Global Competitiveness Index 2017 Global Retirement Index 43rd (last) Index given by French asset management company Natixis Global. Switzerland, Norway and Iceland topped the ranking. Most Powerful passports in the 75th 1st – Singapore.
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World Passport Index developed by global financial advisory firm Arton Capital In terms of money parked by its 88th 1st – United Kingdom citizens with Swiss banks Ease of Doing Business index 100th 1st – New Zealand Report by World Bank. India has climbed to 4th position in protecting interest of minority investors, as per the latest Ease of Doing Business Report of the World Bank. List is topped by Kazakhstan. Global Hunger Index (GHI), 2017 100th Kochenov Quality of Nationality Index 101 1st – Germany (QNI) World Economic Forum s (WEF) 103 1st – Norway Global Human Capital Index Global Gender Gap index 108th 1st – Iceland Index is launched by World Economic Forum Sustainable Development Goals Index 116th 1st - Sweden Index that rates countries by their 132nd 1st - Sweden commitment to reducing inequality India leapt up the global rankings by 12 places to take the 14th spot in terms of best country for expats to live and work in, says a HSBC survey. Topped by Singapore. India is the most corrupt Asian country with 69 per cent bribery rates, according to a report by Transparency International. UN Secretary-General Antonio Guterres said that India ranked third among the countries that have faced the most natural disasters in the last half century. The United States experienced the most disasters According to a KPMG (a professional service company) survey, India has emerged as the top country for reporting corporate responsibility information in the annual financial report of companies, but the quality of disclosures has to improve. With 2.51 million deaths in 2015, India has been ranked No. 1 in pollution related deaths, according to a report by The Lancet Commission on pollution and health. 2nd - China Indians second-highest public bingers in the world. 1st – Mexico. Binge Watching means the practice of watching multiple episodes of a television programme in rapid succession, typically by means of DVDs or digital streaming. India tops domestic air passenger traffic in September, China second: International Air Transport Association (IATA) According to the Q3 2017 Salary Budget Planning Report , India s projected salary growth for 2018 stood the highest in the Asia-Pacific region at 10 per cent despite a decreasing year-on-year pattern.
Rankings (Persons,Cities,Organisations and Others)
In the race to go digital, businesses judge India s Silicon Valley — Bangalore — the best host among 45 cities worldwide. San Francisco came in second followed by two other Indian cities — Mumbai and New Delhi. Three Indian firms — Hindustan Unilever, Asian Paints and Bharti Airtel — are among Forbes list of the world s 100 most innovative companies, where Salesforce.com has replaced Tesla Motors on the top position. Singapore Airlines has been rated the world s best airline in a survey by the Travel and Leisure magazine.
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Tata Consultancy Services, a leading IT services, consulting and business solutions organisation, has been recognised in Fortune s annual list of the Top 50 companies that are changing the world. mKrishi developed by TCS got 30th rank. JPMorgan Chase topped the list. New Delhi s Connaught Place has been ranked as the tenth most expensive office market in the world, as revealed by the CBRE South Asia s Global Prime Office Rents survey. Hong Kong s Central Markettopped the survey ranking. Apple topped the list of the world s 100 most valuable brands, according to rankings by consultancy group Interbrand. Apple is followed by Google. Reliance Industries Ltd has jumped five places to rank as the world s third-biggest energy company behind Russian gas firm Gazrpom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings. Three Indian entrepreneurial legends, Ratan Tata, Lakshmi Mittal and Vinod Khosla have been included in Forbes s special list of the world s 100 Greatest Living Business Minds . Patanjali Ayurved CEO Acharya Balkrishna has been named among India s top 10 richest people for the first time in Hurun Rich List 2017, with a wealth of ₹70,000 crore. Mukesh Ambani retains the richest Indian title for the sixth year. Forbes – Priyanka Chopra is eighth highest paid TV actress, Sofia Vergara tops the list Google, Bharat Heavy Electricals and State Bank of India have been named as the top three best places to work in India by leading global job site Indeed. Bengaluru is the world s most affordable technology hub, according to a study conducted by a realty consultancy firm. London has retained its rank as the number one city in the world shrugging off Brexit worries, according to Global Power City Index (GPCI). Japanese capital city Tokyo has topped The Economist Intelligence Unit s Safe Cities Index 2017. Delhi and Mumbai have ranked 43rd and 45th respectively. The Jaipur and Srinagar Airport got First and Second rank respectively in the category of 2-5 million passengers in ACI-ASQ Survey. Hyderabad s Rajiv Gandhi International Airport (RGIA) has bagged the World 1 airport Award trophy of the Airports Council International (ACI) in the 5-15 million passengers per annum category. Loans from Banks
From To Amount Purpose World Bank India $ 125 For Innovate in India (i3), a National Biopharma Mission aimed at million accelerating biopharmaceutical development in the country. World Bank India USD 200 For the Assam Agribusiness and Rural Transformation Project million World Bank India US $ 1 billion For funding Institutional Development and for construction of priority infrastructure projects for municipal waste water treatment and solid waste treatment on the main stem of Ganga in the five Ganga basin states of Uttarakhand, Uttar Pradesh, Jharkhand, Bihar and West Bengal. World Bank India US$ 119 For the Odisha Higher Education Programme for Excellence & Million Equity (OHEPEE) Project was signed with the World Bank. Asian Gujarat $329 million to build access roads to 4,000 villages in Gujarat
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Infrastructure Investment Bank (AIIB) AIIB India USD 2 million For various projects in Andhra Pradesh. Projects for roads and loan (Rs. buildings department, for rural safe drinking water department, 13,000 municipal and urban development department and Panchayat crores) Raj department Asian India $220 million for improving connectivity as well as transport efficiency and Development safety on State Highways of Rajasthan. Bank (ADB) Asian India US$ 3 billion For ADB s Indian Operations including support for infrastructure Development to US$ 4 projects. For the period 2018-22 Bank (ADB) billion Asian IndusInd USD 200 The seven-year senior loan will go toward IndusInd Bank s Development Bank million microfinance activities. The loan specially will be used to serve Bank (ADB) (about Rs low income women borrowers in rural areas 1,282 crore) ADB West Bengal $300 million To continue a comprehensive series of fiscal reforms in West Bengal to bring about more accessible, affordable, and high quality public services ADB India $4 billion ADB has extended the lending to support the country to accelerate inclusive economic transformation ADB Himachal USD 80 For modernisation of Himachal Pradesh s technical and Pradesh million vocational education and training (TVET) institution (about Rs 524 crore) Asian India USD 65.5 To continue interventions to check coastal erosion on the Development million western coast in Karnataka. Bank (ADB) ADB India USD 300 To continue a series of fiscal reforms in the State of West Bengal million to improve the quality of public service delivery. AIIB and ADB India USD 100 To improve power transmission network and expand the use of million solar and wind energy New China, India US$ 1.4 Total amount for sustainable development project in 3 countries. Development and Russia billion out of Loan to India for Madhya Pradesh s Multi-Village Rural Drinking Bank which US$ Water Supply Scheme Project. 470 million to India European India € Euro 300 For Bangalore Metro Rail Project Phase II Line R6 Investment Bank million (EIB) India Bangladesh USD 4.5- For developing Bangladesh s infrastructure, health and billion education. India Ethiopia India would give Ethiopia a line of credit of USD 195 million for power transmission sector and medicines worth USD 2 million. India Sri Lanka USD 585,000 The assistance package was given to develop agriculture as well as engineering faculty on the Killinochchi campus of University of
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Jaffna, Sri Lanka. ICICI Bank NTPC Rs. 3,000-cr For partially funding NTPC s capital expenditure. Limited NABARD Rajasthan Rs 1,350-cr For creation of rural infrastructure in the state under the Rural government Infrastructure Development Fund (RIDF). NABARD Andhra Rs. 273.06 Loan under Rural Infrastructure Development Fund (RIDF) for Pradesh crore Rural Water supply, Road and Bridge projects. Govt.
Deadlines/ Important Dates
What for Deadline/Date Deadline for banks to set up enrollment centres within their premises. If the September 30, 2017 banks fail to do so,UIDAI will impose Rs 20,000 as fine per uncovered branch after September 30 First phase of the national optic fibre network, christened Bharat Net project - December, 2017 which aims to deploy high-speed optical fibre cables across rural areas RBI has asked banks to provide doorstep banking facilities to senior citizens of December 31, 2017 more than 70 years of age and differently-abled persons by Deadline for sale of pre-GST goods with stickers of revised rates. Earlier it was December 31, 2017 September 30. AC truck cabins must by December 31 2017 The price of a packaged good would no longer depend on where you bought it — January 1, 2018 be it a local kirana store, a mall, a five-star hotel or an airport from Food Safety and Standards Authority of India (FSSAI) has banned the use of January 1, 2018 stapler pins in tea bags effective from Medical devices will have to mandatorily carry maximum retail price (MRP) on January 1, 2018 packages from Indian Railways has decided to install Aadhaar-based biometric attendance January 31, 2018 system across its zones and divisions by Aadhaar and mobile number must be linked by February 6, 2018 For mandatory linking of Aadhaar to avail benefits of various government March 31, 2018 schemes. To meet affordable housing targets, the Centre has extended the benefits of the March 2019 interest subsidy scheme on home loans under the Pradhan Mantri Awas Yojana or PMAY (Urban). Earlier it was till December 2017 NBCC to redevelop 10 railway stations with amenities similar to airports 2020
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GDP Growth rates predictions (updated ones)
Agency 2017-18 2018-19 World Bank 7.0% - IMF 6.7% 7.4% RBI 6.7% - Ind-Ra 6.7% - Fitch 6.9% - ADB 7.0% 7.4% HSBC 7.1% - OECD 6.7% 7.7%
Asia will continue to lead global growth: IMF (5.5 per cent for 2017 and 5.4 per cent for 2018) India s Current Account Deficit is expected to grow by 1.6% from 0.5% in this fiscal year: Nomura RBI: the Gross Value Added (GVA) at 6.7 per cent in 2017-18 IMF forecast that the global economy will grow by 3.6 per cent in 2017 and 3.7 per cent in 2018 GDP to remain below 6 per cent in second quarter of 2017-18: SBI report Books
Book Author Other Info President Pranab Mukherjee – A Statesman Published by The Statesman. Indira Gandhi: A Life in Nature Jairam Ramesh Former union minister Making of A Legend A coffee table book on Prime Minister Narendra Modi s life. Compiled by Sulabh International Founder Bindeshwar Pathak Khushwant Singh: In Wisdom and in Jest Vijay Narain On noted author and journalist Khushwant Singh Shankar and Onkar Singh Kadve Vachan Jain saint The world s shortest woman Jyoti Amge Acharya Tarun unveiled this 51-feet high book. Sagar Maharaj I am HIV positive, so what? Jayanta Kalita On the career of Manipur bodybuilder, K Pradipkumar Singh, known for his personal struggle against HIV AIDS I Do What I Do: On Reform, Rhetoric & Resolve Former RBI Published by HarperCollins India. Governor Raghuram Rajan How India Sees the World: Kautilya to the 21st Shyam Saran He is Former Foreign Secretary Century 100 things every professional cricketer must The Board of Control for Cricket in India (BCCI) know issued players handbook that covers several issues from money managing to managing emotions. The book is also in line with Lodha
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recommendations. Hit Refresh Satya Nadella He is India-born Microsoft CEO Unstoppable: My Life So Far Maria Sharapova She is Russian tennis player A to Z of Financial Management in Dr. Rajat The book is book on financial management. Autonomous Institutions Bhargava and Deenanath Pathak A journey towards self-reliance First ever coffee table book on Department of Defence Production (DDP) e-book titled India 2017 Yearbook Rajiv Mehrishi Mehrishi is Comptroller and Auditor General of India (CAG) and former Union home secretary Dreamnation: Uniting a Country with Saji Mathew and Book contains inspiring words of Dr A.P.J. Abdul Handwritten Dreams Jubie John Kalam Hema Malini: Beyond the Dream Girl Ram Kamal It is Biography of Hema Malini. It also contains a Mukherjee short foreword written by Prime Minister Narendra Modi.
Obituaries
Name Profession Other Info Naresh Chandra Former Indian Ambassador to U.S. Mangesh Tendulkar Renowned cartoonist KS Chugh Doctor He is known as the father of nephrology in India. He was a recipient of several national and international awards, including the Padma Shri, the fourth-highest civilian award, in 2000. P.P. Antony Former national women s hockey coach Shirish Pai Poet Marathi poet and activist Arun Sadhu Journalist journalist and Renowned Marathi writer Shakila Actress Bollywood actress Tom Alter Actor Padma Shri awardee and veteran film, television and theatre actor, director and writer R N Sudarshan Actor South Indian Dwijen Bandyopadhyay Actor Bengali Abdul Majid Actor An icon of the Assamese film industry, an eminent actor, Director and writer P P Rao Senior Advocate He was a constitutional law expert Gauri Lankesh Journalist Sultan Ahmed Politician Former Union minister and sitting Trinamool Congress MP Jomde Kena Politician Arunachal Pradesh Health and Family Welfare Minister Syed Mustafiz Politician Former Odisha health minister
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M L Fotedar Politician He was a veteran Congress leader who was a close confidante of former Prime Ministers Indira Gandhi and Rajiv Gandh Kiyanilie Peseyie Politician Former Speaker of the Nagaland Assembly and sitting MLA Alwar Mahant Chandnath Politician He was Bharatiya Janata Party (BJP) MP from Rajasthan s Alwar K.R Aravindakshan Politician He was Communist Party Marxist State General Secretary Prabhakarpant Ojharkar Politician Purushottam Lal Politician Former Minister for Information and Broadcasting Santosh Mohan Dev Politician Former Heavy Industries Union Minister Sanwar Lal Jat Politician Former Minister of State for Water Resources in the Narendra Modi government Gyan Singh Sohanpal Politician Former West Bengal Minister, freedom fighter and ten-time legislator. Fondly called Chacha (uncle) Rishang Keishing Politician Former Manipur chief minister and Rajya Sabha MP PVRK Prasad Bureaucrat Senior Retired IAS Officer and Additional Secretary to former PM Narasimha Rao Shivajirao Patil Politician Congress leader, freedom fighter and former Maharashtra Minister Nar Bahadur Bhandari Politician Former Chief Minister of Sikkim N. Dharam Singh Politician Former Chief Minister of Karnataka Bidisha Bezbaruah Singer and Actor Assamese actor and singer Inder Kumar Actor K.E. Mammen Gandhian and freedom fighter Gandhian and freedom fighter Freedom fighter and social worker Pushpa Mitra Bhargava Scientist Yash Pal Scientist Udupi Ramachandra Rao Scientist UR Rao had launched India s first satellite Aryabhatta in 1975. He was the first Indian to be inducted in the Satellite Hall of Fame – Washington in 2013 and in International Astronautics Federation (IAF) in 2016. Virendra Sanghi Journalist Jagdish Mohan Hindustani vocalist Kunwar Narain Hindi poet Ashok Khal Veteran cyclist Amritsar Govindsingh Milkha Cricketer Singh Manu Sharma Hindi Author Vettoor Purushan Malayalam actor L.N. Shastry Singer-musician Kannada Ustad Hussain Sayeeduddin Dhrupad maestro
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Dagar Shanta Serbjeet Singh Dance critic Also Sangeet Natak Akademi member Ramananda Sengupta Cinematographer India's oldest cinematographer Sitaram Panchal Actor Shanmugasundaram Actor Tamil Shobha Sen (also known as Actress Bengali theatre and film actress Sova Sen) K S Achyutan Former Director of Doordarshan Dr MV Sridhar Ex-BCCI general manager Bismoy Kumar Mohanty Journalist RM Bhagawati Journalist veteran Guwahati-based journalist and editor of Dainik Asam, oldest Assamese daily newspaper HM Marathe Marathi writer and journalist Punathil Kunjabdulla Writer Hugely popular writer and novelist Punyaslok Dasgupta Poet Shamsher Khan Swimmer He was the first swimmer to represent India in Olympics Girija Devi Singer Thumri exponent and veteran classical singer Kundan Shah Director Lekh Tandon Filmmaker I.V. Sasi Director Acclaimed Malayalam film director Ram Mukherjee Director and screenwriter Indian film director and screenwriter in Hindi and Bengali cinema and father of Bollywood star Rani Mukerji. Satish Chandra Historian Veteran historian of medieval India and noted educational administrator Vijay Nambisan Poet and Writer Ahmed Khan Football Player Double Olympian and one of the biggest and brightest stars in Indian football history Tobe Hoope Director American Paul Saheb known as S Paul Photography Kirti Nidhi Bista Former Prime Minister of Nepal Dina Wadia She was Mohammad Ali Jinnah s Daughter Mansur bin Muqrin Saudi Prince Fats Domino (Antoine Pianist American. Legendary rhythm and blues pianist Dominique Domino Jr.) and singer-songwriter and rock and roll pioneer William J. Lombardy, Chess Player American Choirul Huda Footballer Veteran Indonesian goalkeeper Ralphie May Comedian American Roy Dotrice Actor British Harry Dean Stanton Actor American Frank Vincent Actor American Richard Anderson Actor American
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Walter Becker Guitarist He was America s legendary guitarist, bassist and co-writer for the sophisticated, dark- humored band Steely Dan Charles Bradley Singer American Richard Wilbur Poet American John Ashbery Poet American Jerry Lewis Actor and comic legend American Dick Gregory Stand-up comedian, actor and civil American rights activist Tom Pritchard Cricketer Zealand s oldest cricketer Ted Corbett Sports Journalist Born in England Dr Ruth Pfau Doctor A German Doctor Popularly known as Pakistan s Mother Teresa
Nobel Prize Winners
Award Winner For What 2017 Nobel Prize in Americans Jeffrey C. Hall, for their discoveries of molecular mechanisms Physiology or Medicine Michael Rosbash and Michael controlling the circadian rhythm . W. Young 2017 Nobel physics prize Americans Rainer Weiss, Barry for decisive contributions to the LIGO detector and C. Barish and Kip S. Thorne the observation of gravitational waves . 2016 Nobel Prize in Swiss Jacques Dubochet, for developing cryo-electron microscopy for the high- Chemistry German Joachim Frank and resolution structure determination of biomolecules in British Richard Henderson solution . 2017 Nobel Peace Prize International Campaign to for its work to draw attention to the catastrophic Abolish Nuclear Weapons humanitarian consequences of any use of nuclear (ICAN) headquartered in weapons and for its ground-breaking efforts to Geneva, Switzerland achieve a treaty-based prohibition of such weapons . 2017 The Sveriges Riksbank American Richard H. Thaler for his contributions to behavioural economics . Prize in Economic Sciences in Memory of Alfred Nobel 2017 Nobel Prize in British novelist Kazuo Ishiguro who, in novels of great emotional force, has Literature uncovered the abyss beneath our illusory sense of connection with the world .
Miscellaneous
FM launches new pension scheme PMVVY for senior citizens
The Union Minister for Finance, Defence and Corporate Affairs has formally launched the Pradhan Mantri Vaya Vandana Yojana (PMVVY) for elderly with 8 per cent fixed rate of interest on their savings in New Delhi. PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens available from 4th
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May, 2017 to 3rd May, 2018. It can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this scheme
Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.
Pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase.
The scheme is exempted from Service Tax/ GST.
Supreme Court Declares Right to Privacy as Fundamental Right
The Supreme Court of India pronounced that individual privacy is a fundamental right protected by the Constitution. A nine-judge Constitution Bench of the Supreme Court, led by Chief Justice of India J.S. Khehar ruled that the right to privacy is intrinsic to life and liberty, thus coming under Article 21, and comes under the various fundamental freedoms in PART III of the Indian Constitution.
All the nine judges arrive at the same conclusion, though through different but concurring judgments, that right to privacy is intrinsic to right to life and liberty. With this now India has total seven fundamental rights. Right to equality, Right to freedom, Right against exploitation, Right to freedom of religion, Cultural and Educational rights, and Right to constitutional remedies are the 6 fundamental rights of India.
Modi, Abe kick off India s first bullet train
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation stone for the proposed Ahmedabad-Mumbai High-Speed Rail Network, commonly known as the bullet train, in Ahmedabad, Gujarat.
Around Rs 1.10 lakh crore will be spent on the Mumbai to Ahmedabad High Speed Rail (MAHSR) Project that is being partially funded by Japan. Out of the Rs 1,10,000 crore, Japan is giving a loan of Rs 88,000 crore. The interest on this loan is minimal at 0.1 per cent and it is to be repaid in 50 years, with a grace period of 15 years. On the Ahmedabad-Mumbai route, total 12 stations have been proposed. It is expected to reduce travel time between the two cities from seven to three hours. With this, India has become the first to import the iconic Shinkansen bullet-train technology after Taiwan.
56 years in the making: PM Modi inaugurates the Sardar Sarovar Dam, dedicates to nation
Prime Minister Narendra Modi, who celebrated his 67th birthday today (17th September), inaugurated and dedicated to the nation the India s biggest and the world s second-biggest dam Sardar Sarovar Dam, in Kevadia, Gujarat, nearly six decades after its foundation stone was laid.
Electricity from the dam will majorly benefit Maharashtra, Madhya Pradesh, and Gujarat. The foundation stone of the dam was laid on April 5, 1961 by the country s first prime minister Jawaharlal Lal Nehru. However, it took 56 years to complete its construction. The inaugural event also sees the culmination of the fortnight-long Narmada Mahotsav – launched by the Gujarat government to celebrate the completion of the work. The Bharatiya Janata Party is observing Sewa Diwas to mark the occasion. World s biggest dam is Grand Coulee Dam in the United States.
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National Sports Awards 2017 Conferred
President of India Shri Ram Nath Kovind conferred National Sports & Adventure Awards 2017 in a ceremony held at Rashtrapati Bhawan. Here is the list of awardees: Rajiv Gandhi Khel Ratna 2017: Devendra Jhajaria (para-athlete), Sardar Singh (hockey) Dronacharya Awards 2017: Late Dr. R Gandhi (athletics), Heera Nand Kataria (kabaddi), GSSV Prasad (badminton), Brij Bhushan Mohanty (boxing – Lifetime), PA Raphel (hockey – Lifetime), Sanjoy Chakraverthy (shooting – Lifetime), Roshan Lal (wrestling – Lifetime) Arjuna Awards 2017: Jyothi Surekha Vennam (archery), Khushbir Kaur (athletics), Rajiv Arokia (athletics), Prashanthi Singh (basketball), Laishram Devendro Singh (boxing), Cheteshwar Pujara (cricket), Harmanpreet Kaur (cricket), Oinam Bembem Devi (football), SSP Chawrasia (golf), SV Sunil (hockey), Jasvir Singh (kabaddi), Prakash Nanjappa (shooting), Anthony Amalraj (table tennis), Saketh Myneni (tennis), Satyawart Kadian (wrestling), Mariyappan (para-athlete), Varun Singh Bhati (para-athlete) Dhyan Chand Award 2017: Bhupender Singh (Athletics), Syed Shahid Hakim (Football), Sumarai Tete (Hockey) Important Days
November 2017
Date Day Theme 1 November World Vegan Day 2 November International Day to End Impunity for Crimes against Journalists 5 November World Tsunami Awareness Day 7 November National Cancer Awareness Day 8 November International Day Of Radiology or Emergency Radiology World Radiography Day 10 November World Science Day for Peace and Science for Global Understanding Development 11 November National Education Day 12 November World Pneumonia Day 13 November World Kindness Day 14 November Children s Day 14 November World Diabetes Day Women and diabetes – our right to a healthy future 16 November International Day for Tolerance, National Press Day 16 November 2017 World Philosophy Day Commemorated on 3rd Thursday of November 19 November World Toilet Day Wastewater 19 November 2017 World Day of Remembrance for Commemorated on 3rd Sunday of Road Traffic Victims November. Theme: 2020 Target: reduce road fatalities AND serious injuries by 50% 20 November Universal Children s Day
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21 November World Television Day 25 November International Day for the Elimination of Violence Against Women 26 November Constitution Day/ Samvidhan Divas
December 2017
Date Day 1 December World AIDS Day 2 December International Day for the Abolition of Slavery 3 December International Day of Persons with Disabilities 4 December Navy Day 5 December World Soil Day 7 December International Civil Aviation Day 9 December International Anti-Corruption Day 10 December Human Rights Day 11 December International Mountain Day 12 December Universal Health Coverage Day 16 December Vijay Diwas 18 December International Migrants Day 20 December International Human Solidarity Day 22 December National Mathematics Day 23 December Kisan Diwas/Farmers Day 24 December National Consumer Day 25 December Good Governance Day
Union Budget Highlights
Agenda of Union Budget 2017-18 : TEC India (Transform, Energize, Clean) Three Changes in Union Budget 2017-18: (i) Date- Presented on 1 February instead of last working day of February (ii) Merger of General Budget and Railway Budget (iii) Removal of Planned & Non-Planned Expenditure
Funds Allocated The total Budget expenditure allocated for 2017-18 is Rs. 21.47 lakh crores. Target of agriculture credit fixed at Rs 10 lakh cr in 2017-18 Income tax rate reduced from 10% to 5% for tax slab of Rs 250,000 to Rs 500,000. Total allocation for rural, agriculture and allied sectors- Rs 1,87,223 crore Allocation under MNREGA- Rs.48,000 crore
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Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) will be launched in 2017- 18 with an outlay of Rs. 4,000 crore to provide market relevant training to 3.5 crore youth. Mahila Shakti Kendra to be set up at village level with an allocation of Rs. 500 crores Under Maternity Benefit Scheme Rs. 6,000 will be transferred directly to the bank accounts of pregnant women NABARD fund will be increased to Rs. 40,000 crore. A sum of Rs. 10 lakh crore is allocated as credit to farmers, with 60 days interest waiver. Irrigation corpus increased from Rs 20,000 crore to Rs 40,000 crore. Govt to set up dairy processing fund of Rs 8,000 crore over three years with initial corpus of Rs 2,000 crore Dedicated micro-irrigation fund to be created with a corpus of Rs 5000 crore The allocation for rural agri and allied sector in 2017-18 is record Rs 1,81,223 crore. More funds beyond Rs 10,000 cr for recapitalisation of banks will be provided if needed Govt doubles distribution target under Mudra Yojana to Rs 2.44 lakh crore for 2017-18 National Housing Bank will refinance indiviual loans worth Rs 20,000 crore in 2017-18 To construct one crore houses by 2019 for homeless, PM Awas Yojana allocation raised from Rs 15,000 cr to Rs 23,000 cr. 27,000 cr on to be spend on PM Gram Sadak Yojana (PMGSY); 1 cr houses to be completed by 2017-18 for houseless. Rs 500 cr allocated to set up Mahila Shakti Kendras; Allocation raised from Rs 1.56 lakh cr to Rs 1.84 lakh cr for women & child welfare. For transport sector, including railways, road and shipping, government provides Rs 2.41 lakh crore Allocation of Rs 10,000 cr for Bharat Net project for providing high-speed broadband in FY18 Allocation for national highways stepped up to Rs 64,000 cr from Rs 57,676 cr Sports Ministry got a total of Rs 1943 crore in contrast to Rs 1592 crore earmarked last year, thus increasing the budget for sport by 40%. Rs 1,840.77 crore allocated to tourism ministry. Allocation under MNREGA increased to 48,000 crore from Rs 38,500 crore. This is highest ever allocation.
Infrastructure and Railway A total allocation of Rs. 39,61,354 crore has been made for infrastructure. Total allocation for Railways is Rs. 1,31,000 crore. No service charge on tickets booked through IRCTC. Raksha coach with a corpus of Rs. 1 lakh crore for five years (railway safety fund for passenger safety). Unmanned level crossings will be eliminated by 2020. 3,500 km of railway lines to be commissioned this year up from 2,800 km last year. SMS-based clean my coach service is put in place. No service charge will be levied on tickets booked through the IRCTC website from April 1. Coach mitra facility will be introduced to register all coach related complaints. By 2019 all trains will have bio-toilets. Rs. 64,000 crore allocated for highways. Study more about Union Budget 2017-18 using our Union Budget 2017-18 Questions and Answers PDF containing 101 Questions with Answer. Click Here to download.
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Important Government Schemes
Public Provident Fund(PPF) Scheme [Interest Rate- Kisan Vikas Patra (KVP) [Interest Rate-7.5%] 7.8%] Introduction : KVP scheme is a saving scheme in which a Introduction : It is a long term investment scheme backed person can buy KVP certificates(available in denominations by Government of India and returns in this scheme are fully of Rs 1,000, 5000, 10,000 and Rs 50,000) and the amount exempted from Tax. Introduced in the year 1968. doubles after maturity period. Who can open the account : Resident Indian Individuals and It was introduced in 1988, then discontinued in 2011 and individuals on behalf of minors. then again introduced in 2014 with some minor changes. Interest Rate : 7.8% (compounded yearly) The amount deposited in this scheme is used for welfare of Minimum Amount for opening : Rs. 100/- farmers. Minimum Deposit :Rs. 500/- in a financial year Who can open the account : Resident Indian Individuals and Maximum Deposit : Rs. 1,50,000/- in a financial year individuals on behalf of minors. Maturity : 15 years (can be extended in blocks of 5 years) Interest Rate : 7.5%(annually) Premature closure : Not Allowed before 15 years Minimum Deposit : Rs. 1000/- Important points Maximum Deposit : No limit A PPF subscriber can take loan against the PPF Maturity : 115 months(amount becomes double) account between the 3rd and 6th financial year of Important points opening of account. No income tax benefit is available under the Partial withdrawal is permissible after 7th financial scheme. year from the year of opening of account. Certificate can be encashed after 2 & 1/2 years from Interest is tax-free the date of issue.(Premature withdrawal)
Senior Citizen Savings Scheme (SCSS) [Interest Rate- Sukanya Samriddhi Accounts [Interest Rate-8.3%] 8.3%] Introduction : It is a saving scheme for girl child introduced Introduction : It is a saving scheme for senior citizen. by government of India in 2015. Introduced in the year 2004. It is only a one time deposit Who can open the account : (i)A legal Guardian/Natural saving scheme(in multiples of Rs 1000) Guardian can open account in the name of Girl Child from Who can open the account : (i)An individual of the Age of the birth of the girl child till she attains the age of 10 years 60 years or more (ii) In a family a maximum of 2 girl child can have this (ii) An individual of the age of 55 years or more but less than account. 60 years who has retired on superannuation or under VRS Interest Rate : 8.3%(annually) can also open account subject to the condition that the Minimum Deposit : Rs. 1000/- in a financial year account is opened within one month of receipt of Maximum Deposit : Rs. 1,50,000/- in a financial year retirement benefits and amount should not exceed the Maturity : (i)After the girl attains the age of 21 years amount of retirement benefits. (ii) After the girl attains 18 years provided she is married. Interest Rate : 8.3%(compounded quarterly) Important points Minimum Deposit : Rs. 1000 Deposits in an account can be made till completion Maximum Deposit : Rs 15 lakh of 14 years, from the date of opening of the Maturity : 5 years (can be extended by 3 years after account. maturity) Investment in Sukanya Samriddhi Yojana scheme is Important points exempted from Income Tax under section 80C. Interest is taxable Partial withdrawal facility available after attaining Premature closure of account is allowed after 1 year 18 years of age. of opening the account but with penalty. There is no limit on the number of deposits made in A person can open any number of accounts in any a financial year. Deposits should be in multiple of Rs post office subject to maximum investment limit by 100/- . adding balance in all accounts.
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National Savings Certificates (NSC) Scheme [Interest Scope of Coverage: All savings bank account Rate-7.8%] holders in the age of 18-50 years Introduction : It is a saving scheme introduced by Benefits: Rs 2 lakh government of India in 1950s and subscriber can buy these Premium: Rs 330 per annum certificates from Post Office Maturity/Termination: On attaining age 55 years Who can open the account : Any Indian Resident Interest Rate : 7.8%(compounded half yearly but paid at Pradhan Mantri Jan Dhan Yojana (PMJDY) maturity) PMJDY is a financial inclusion mission to ensure Minimum Deposit : Rs. 100/- banking service to everyone ina affordable manner. Maximum Deposit : No Limit In this Basic Savings Bank Deposit Account (BSBDA) Maturity : 5 years can be opened in which there is no requirement of Important points minimum balance. Available in denomination of Rs 100, Rs 500, Rs Any individual above the age of 10 years can open 1,000, Rs 5,000 and Rs 10,000. BSBDA account. Tax deduction under Section 80C, up to INR 1 Lakh a Accidental insurance cover of Rs 1 lakh year Life Insurance cover of Rs 30,000 Overdraft facility of Rs 5,000 Atal Pension Yojana(APY) Standup India – Loan from Rs 10 lakh to Rs 100 lakh for 7 APY is a guaranteed pension Scheme of GOI and is years administered by PFRDA. Pension between Rs 1,000 and Rs 5,000 a month Pradhan Mantri Fasal Bima Yojana- Premium Joining age between 19 and 40 years Kharif Crops – 2% Rabi Crops- 1.5% Pradhan Mantri Surakhsa Beema Yojana (PMSBY) Horticulture Crops – 5% PMSBY is a Accidental Insurance Scheme offereing Pradhan Mantri Mudra Yojana accidental death and disability covers for death or Micro Units Development & Refinance Agency Ltd. disability on account of an accident. It is (MUDRA) is a new institution set up by Government of India administered by Public Sector General Insurance to provide funding to the non-corporate, non-farm sector companies income generating activities of micro and small enterprises Scope of Coverage: All saving bank account holders hose redit eeds are elo ₹ Lakh. between the age 18-70 years Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), Benefits: Death- Rs 2 lakh MUDRA has created three products i.e. 'Shishu', 'Kishore' Total and irrecoverable loss of both organ- and Tarun as per the stage of growth and funding needs of Rs 2 lakh the beneficiary micro unit. These schemes cover loan Total and irrecoverable loss of one organ- amounts as below: Rs 1 lakh Shishu: o eri g loa s up to ₹ , Premium: Rs 12 per annum Kishore: covering loa s a o e ₹ , a d up to Maturity/Termination: On attaning age 70 years ₹ , , Tarun: o eri g loa s a o e ₹ , , a d up to Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) ₹ , , PMJJBY is an insurance scheme offereing life insurance for death due to any reason. Administered by LIC.
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Demonetisation in India
Till now demonetisation of bank notes has been taken 3 times in India of which 2 came after Independance.
S.No Date and Year Notes Demonitised Then Prime Minister Then RBI Governor First time 12 January 1946 Rs 500, Rs 1,000 and - (India was ruled by C. D. Deshmukh Rs 10,000 Britain) Second Time 16 January 1978 Rs 1,000, Rs 5,000 and Morarji Desai I. G. Patel Rs 10,000 Third Time 9 November 2017 Rs 500 and Rs 1,000 Narendra Modi Urjit Patel
RBI can withdraw the legal tender character of bank notes as per Section 26(2) of RBI Act, 1934
Specified Bank Notes (Cessation of Liabilities) Act 2017
For non- resident Indians (Indian passport holders), the grace period to deposit SBN is till June 30, 2017. Maximum Rs 25,000. This facility will not be available for Indian citizens resident in Nepal, Bhutan, Pakistan and Bangladesh. The grace period for resident Indians expired on March 31, 2017. After the expiry of grace period, holding of not more than 10 notes in total, irrespective of denomination or not more than 25 notes for the purpose of study/ research/ numismatics is permitted. It may result into fine which may extend upto 10,000 INR or five times the face value of the SBNs involved in the contravention, whichever is higher.
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