CURRENT AFFAIRS OCTOBER 2019 06-10 TO 12-10 2019
Important Current Affairs for IAS, SSC, Bank, RRB and Other Government Exams
WITH SYNOPSIS
www.exambazaar.com/current-affairs Current Affairs Digest Oct 2019 https://www.exambazaar.com/current-affairs
APPOINTMENTS AND RESIGNATIONS
09 Oct Nissan Motor picks Makoto Uchida as CEO, Ashwani Gupta as COO
PM congratulates Prime Minister of Portugal, Mr. António Costa and his Partido Socialista, on winning Portugal 10 Oct general election
12 Oct Justice Manikumar sworn in as Chief Justice of Kerala High Court
AWARDS AND RECOGNITIONS
06 Oct Sports Rohit Sharma becomes Second Indian Opener to Score 2 Centuries in a Test
07 Oct National USAID bestows ‘Inclusive Health Access Award’ to Indian NGO Piramal Swasthya
08 Oct People Justice J.K. Maheswari sworn in as the Chief Justice of A.P. High Court
08 Oct People William Kaelin, Gregg Semenza, Peter Ratcliffe receive Nobel for Medicine
Science, 08 Oct Technology, Pepsico India wins US Corporate Excellence Award for Saving Water Environment
08 Oct People Chris Silverwood appointed England Head Coach for Cricket
09 Oct People Intel VP Arjun Bansal and Zilingo Founder Ankiti Bose in Fortune USA 2019's '40 Under 40'
09 Oct Defence Balakot Air Strike Squadrons awarded citations on IAF Day
09 Oct People Nobel Prize Physics 2019: Awarded to James Peebles, Michel Mayor and Didier Queloz
Jamaica's Shelly Ann Fraser-Pryce wins the fourth 100m World Championship gold at 32, 10 Oct Sports clocks her second-best career time
10 Oct People Nobel Chemistry prize goes to three scientists for developing lithium-ion batteries
10 Oct Defence PM Modi releases commemorative stamp on Marshal of the Air Force Arjan Singh
11 Oct People Poland’s Olga Tokarczuk, Austria’s Peter Handke win Literature Nobels for 2018 and 2019
12 Oct Sports Simone Biles wins 16th world gymnastics title
12 Oct People U.K. to issue coin in honour of Mahatma Gandhi
12 Oct Sports Kohli scores the highest double hundreds in Indian cricket history.
12 Oct People Abiy Ahmed, the winner of Nobel Peace Prize 2019
12 Oct Sports Dutee Chand breaks National record on way to gold at National Open Athletics
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1. National
GOVERNMENT POLICIES & SCHEMES
07 Oct Nirmala Sitharaman to Inaugurate National Tax E-Assessment Centre The setting up of NeAC is a step for better taxpayer service, reduction of taxpayer grievances in line with the prime minister's vision of 'Digital India' and promotion of ease of doing business.
POINTS TO NOTE
The new initiative shall impart greater efficiency, transparency and accountability in the assessment process. There would be no physical interface between the tax payers and the tax officers. Under the new system, taxpayers will receive notices on their registered e-mails as well as on registered accounts on the web portal www.incometaxindiaefiling.gov.in with real-time alert by way of SMS on their registered mobile number, specifying the issues for which their cases have been selected for scrutiny.
10 Oct Cabinet approves relaxation of Aadhaar seeding of data of the beneficiaries under Pradhan Mantri
KisanSamman Nidhi (PM-Kisan) The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the relaxation of the mandatory requirement of Aadhaar Seeded data as a pre-condition for release of funds to the beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme.
POINTS TO NOTE
The scheme provides income support of Rs 6,000 per year to landholding families, subject to certain exclusions. The amount is released in three 4-monthly instalments of Rs 2,000 each directly to the bank accounts of the beneficiaries through DBT mode. Since the farmers are still gearing up for Rabi season, they are in dire need of money to take care of various farming activities like procurement of seeds, preparation of soil and other associated activities like irrigation, maintenance and mobilization of machinery and tools. Non-seeding of beneficiaries' details with Aadhaar number will delay the release of further instalments and will cause discontentment among the farmers. Therefore, the mandatory requirement of Aadhaar seeding for release of benefits after 1st August, 2019 has been relaxed till 30th November, 2019.
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10 Oct Dr. Harsh Vardhan launches WHO India Country Cooperation Strategy 2019–2023 “The country is passing through a phase of not only transition, but also immense productive transformation in the health sector”. This was stated by Union Minister for Health & Family Welfare Dr Harsh Vardhan as he launched ‘The WHO India Country Cooperation Strategy 2019–2023: A Time of Transition’, here today.
POINTS TO NOTE
The Country Cooperation Strategy (CCS) provides a strategic roadmap for WHO to work with the Government of India towards achieving its health sector goals, in improving the health of its population and bringing in transformative changes in the health sector. The Health Minister stated that the four areas identified for strategic cooperation of WHO with the country encompass: to accelerate progress on UHC; to promote health and wellness by addressing determinants of health; toprotect the population better against health emergencies; and to enhance India’s global leadership in health. The India CCS is one of the first that fully aligns itself with the newly adopted WHO 13th General Programme of Work and its 'triple billion' targets, the Sustainable Development Goals (SDGs) and WHO South-East Asia Region’s eight Flagship Priorities. Various social initiatives are taken up such as Eat Right India movement, Fit India movement and Poshan Abhiyaan that have collectively engaged with the people and enhanced the awareness around these crucial health areas through people’s participation.
MOU'S / AGREEMENTS
08 Oct India gets first tranche of Swiss account details under Automatic Exchange Framework This is the first time that India has received details from Switzerland under the AEOI framework, which provides for exchange of information on financial accounts.
POINTS TO NOTE
The AEOI only relates to accounts that are officially in the name of Indians and they might include those used for business and other genuine purposes. India is among 75 countries with which Switzerland's Federal Tax Administration (FTA) has exchanged information on financial accounts within the framework of global standards on AEOI, an FTA spokesperson told PTI. The information exchange is governed by strict confidentiality clauses, and the FTA officials refused to disclose specific details on the number of accounts or about the quantum of financial assets associated with the Indian clients of Swiss banks. The Swiss government said in a statement that the number of countries with which the AEOI (Automatic Exchange of Information) has taken place this year is 75, out of which there was reciprocity with 63 countries. In the case of 12 countries, Switzerland received information but did not provide any, either because those countries do not yet meet the international requirements on confidentiality and data security. The largest exchange was with Germany, as was the case in the previous year. There are at least 100 cases of older accounts held by Indians that might have been closed before 2018, for which Switzerland is in the process of sharing details with India under an earlier framework of mutual administrative assistance as Indian authorities had provided prima facie evidence of tax-related wrongdoing by those account holders.
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OTHERS
07 Oct India launches 'Green Crackers' in its bid to curb air pollution Science & Technology Minister Dr. Harsh Vardhan today announced that Council of Scientific and Industrial Research (CSIR) labs have been successful in developing various environment-friendly fireworks such as sound emitting crackers, flowerpots, pencils, chakkar and sparklers.
POINTS TO NOTE
Dr. Harsh Vardhan also highlighted that the emissions testing facilities for the new fire crackers have been set up at CSIR-NEERI as well as their approved National Accreditation Board for Testing and Calibration (NABL) facilities whose list is available at CSIR NEERI website. About 530 emissions testing certificates have been issued to fireworks manufactures for new and improved formulations meeting the stipulated guidelines of green crackers. The Minister also lauded the efforts made by CSIR in developing these green crackers and informed that nearly 165 fireworks manufactures have been roped in and around 65 more manufacturers are in the process of coming on board. Apart from defining green crackers, baseline values for benchmarking green crackers and assessing Barium levels in conventional crackers and green crackers, have been laid down for legal and policy interventions.
07 Oct USAID bestows ‘Inclusive Health Access Award’ to Indian NGO Piramal Swasthya Hyderabad-based Piramal Swasthya is one of the five global healthcare NGOs that were awarded by USAID for developing solutions to optimise health systems so that people receive the health care they need in ways they trust without having to pay too much or travel too far.
POINTS TO NOTE
The five winners from 400 applications across 68 countries received a USD 30,000 grant from USAID's Innovation Incentive Award Authority. Piramal Swasthya was awarded for impacting 10.7 crore beneficiaries over 12 years through its innovative high impact solutions and in recognition of tribal health programme in Andhra Pradesh, and ‘Aspirational Districts Transformation Programme’ in partnership with the NITI Aayog. Piramal Swasthya is poised to transform India’s most pressing healthcare needs and help India achieve a Maternal Mortality Rate of 70
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07 Oct Golden Jubilee Edition of International Film Festival of India (IFFI) from 20-28 Nov The 50th International Film Festival of India 2019 will witness over 200 best films from 76 countries, 26 feature films and 15 non feature films in Indian panorama section and around 10,000 people and film lovers are expected to participate in the golden jubilee edition.
POINTS TO NOTE
The Minister also stated that as IFFI is celebrating its Golden Jubilee edition , 12 prominent films in different languages that have completed 50 years in 2019 ,will also be showcased from 20th to 28th November. This year, the Feature Film Jury was headed by acclaimed filmmaker and screenwriter Shri Priyadarshan. The Jury has chosen the film HELLARO (Gujarati) directed by Abhishek Shah as the Opening Feature Film of Indian Panorama 2019. The Non – Feature Jury was headed by well-known documentary FilmmakerShri RajendraJanglay . The Non-Feature film Jury selected the film “Nooreh” directed by Ashish Pandey as the Opening non-feature film of Indian Panorama 2019.
08 Oct Dr Harsh Vardhan launches eDantseva The eDantseva website and mobile application is the first ever national digital platform on oral health information and knowledge dissemination.
POINTS TO NOTE
The Union Health Minister also released the Braille booklet and Voice over on Oral Health Education for the visually impaired individuals, along with the oral health posters for pregnant women and children. Dental caries/cavities and periodontal disease remain the two most prevalent dental diseases of the Indian population and dental infections have a potential for serious diseases/infections. This initiative of the Ministry with AIIMS and other stakeholders aims to sensitize the public about the significance of maintaining optimum oral health and equips them with the tools and knowledge to do so, including awareness on the nearest oral health service facility. e-DantSeva contains a unique feature called the ‘Symptom Checker’, which provides information on symptoms of dental/oral health problems, ways to prevent these, the treatment modes, and also directs the user to find their nearest available dental facility (public and private sectors both). In 2014, National Oral Health Programme in its current form was introduced. The Center for Dental Education and Research (CDER), AIIMS, New Delhi functions as the National Center of Excellence for Implementation of NOHP.
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11 Oct Ministry of Skill Development and Entrepreneurship launches Mahatma Gandhi National Fellowship
Programme with IIM Bangalore To boost skill development at the district level, the Ministry of Skill Development and Entrepreneurship (MSDE) today signed a contract with the Indian Institute of Management (IIM) Bangalore for introducing a two-year fellowship programme Mahatma Gandhi National Fellowship (MGNF) programme.
POINTS TO NOTE
Designed under Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) the fellowship aims to address the challenge of non-availability of personnel for implementation of various programmes at national, state and district levels. The MGNF programme has an in-built component of on-ground practical experience with the district administration. Launched on a pilot basis in 75 districts across Gujarat, Karnataka, Meghalaya, Rajasthan, Uttar Pradesh and Uttarakhand, eligible fellows for the programme have to be in 21-30 years age-group, have a graduation degree from a recognized university and be citizens of India. Proficiency in official language of state of fieldwork will be mandatory.
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2. International
MOU'S / AGREEMENTS
06 Oct India, Bangladesh sign 7 Pacts Both Prime Ministers welcomed the initiatives for development of closer Maritime Security Partnership, and the MoU on Establishment of Coastal Surveillance Radar System in Bangladesh. India has provided such systems to Mauritius, Seychelles, Maldives and planning one in Myanmar.
POINTS TO NOTE
PMs Narendra Modi and Sheikh Hasina signed seven pacts -
1. MoU for providing a Coastal Surveillance System 2. Standard Operating Procedure (SOP) on the use of Chattogram and Mongla Ports for Movement of goods to and from India 3. MoU on withdrawal of 1.82 cusec of water from Feni River by India for drinking water supply scheme for Sabroom town, Tripura 4. Agreement concerning Implementation of the Lines of Credit (LoCs) committed by India to Bangladesh 5. MoU between University of Hyderabad and University of Dhaka 6. Renewal of Cultural Exchange Programme 7. MoU on Co-operation in Youth Affairs.
The two leaders also inaugurated through video-link three bilateral development partnership projects
Import of Bulk LPG from Bangladesh Inauguration of Vivekananda Bhaban (students hostel) at Ramakrishna Mission, Dhaka Inauguration of Bangladesh-India Professional Skill Development Institute (BIPSDI) at the Institution of Diploma Engineers Bangladesh (IDEB), Khulna
OTHERS
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06 Oct Sri Lanka releases Stamp on Mahatma Gandhi In a warm gesture, the Department of Posts, Sri Lanka, recently released a stamp and first day cover to commemorate the 150th birth anniversary of Mahatma Gandhi.
POINTS TO NOTE
Organised by the Sri Lanka Deputy High Commission, Chennai, the event saw an exchange of stamps and first day covers released by Sri Lanka and India. About 40 countries have issued stamps to commemorate Gandhi’s birth anniversary and 33 more countries are likely to release stamps. In turn an album of stamps released by Prime Minister Narendra Modi on October 2 was presented
06 Oct Saudi Arabia allows Unrelated Foreign Men and Women to Share Hotel Rooms Women, including Saudis, are also permitted to rent hotel rooms by themselves, in a break with previous regulations.
POINTS TO NOTE
The moves appear to pave the way for unaccompanied women to travel more easily and for unmarried foreign visitors to stay together in the Gulf state. Saudi Arabia threw open its doors last week to foreign tourists from 49 countries as it tries to grow that sector and diversify its economy away from oil exports. But an influx of tourists -- the authorities are aiming for 100 million annual visits by 2030 -- could push boundaries further and risks conservative backlash.
06 Oct Trump Signs Order Restricting Visas for Those Who Cannot Afford Healthcare The proclamation says immigrants will be barred from entering the country unless they are to be covered by health insurance within 30 days of entering or have enough financial resources to pay for any medical costs. The measure will be effective from November 3.
POINTS TO NOTE
The new rule applies to people seeking immigrant visas from abroad and not those in the U.S. already. It does not affect lawful permanent residents. It does not apply to asylum seekers, refugees or children. The Trump administration is trying to move away from a family-based immigration system and into a merit-based system An immigrant will not be able to obtain a visa if using the Affordable Care Act’s subsidies when buying insurance. Those subsidies are paid for by the federal government. There are about 1.1 million people who obtain green cards each year.
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07 Oct Pervez Musharraf to return to Pakistan Politics after a 1 year Hiatus General (retd) Musharraf, 76, who has been living in Dubai since March 2016, is facing the treason case for suspending the Constitution in 2007. A conviction for high treason carries the death penalty or life imprisonment.
POINTS TO NOTE
The former president is suffering from amyloidosis, a rare disease caused by a build-up of an abnormal protein called amyloid in organs and tissues throughout the body, according to his family. Musharraf, who ruled Pakistan from 1999 to 2008, has been declared a fugitive in the Benazir Bhutto assassination and the Red Mosque cleric killing case. On General Musharraf's instructions, the APML was resuming its political activities across Pakistan.
07 Oct Chinese oil company withdraws from $5-billion Iran deal The South Pars field deal, struck in the wake of Iran’s 2015 nuclear deal with world powers, appears to be just the latest business casualty of America’s pressure campaign on Tehran.
POINTS TO NOTE
The South Pars field deal, struck in the wake of Iran’s 2015 nuclear deal with world powers, appears to be just the latest business casualty of America’s pressure campaign on Tehran following President Donald Trump’s unilateral withdrawal of the US from the deal. Iranian foreign minister Mohammad Javad Zarif separately complained on Sunday about the US campaign against Tehran and its impact on foreign investments.
09 Oct U.S. blacklists 28 Chinese entities over abuses in Xinjiang The U.S. says they are implicated in rights violations and abuses targeting Uighurs and other mostly Muslim minorities in the Xinjiang region
POINTS TO NOTE
According to an update to the U.S. Federal Register published on October 2, the blacklisted firms included video surveillance company Hikvision, as well as artificial intelligence companies Megvii Technology and SenseTime. Right groups say China has detained around one million Uighurs and other Muslims in re-education camps in western Xinjiang region in a step Washington says is reminiscent of Nazi Germany. The U.S. move came after Washington banned technology giant Huawei and other Chinese firms from government contracts, amid the trade war between the two countries.
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3. Regional and State
GOVERNMENT POLICIES & SCHEMES
08 Oct Delhi Govt will incentivise good samaritans who take accident victims to hospitals Under the scheme, the city government will incur the treatment expenditure of eligible road accident victims and give incentives to those who helped them.
POINTS TO NOTE
Kejriwal named this scheme as 'farishtey Dilli Ke' and said the Good Samaritan scheme had been initiated in 2017 on a pilot basis At least 3,000 lives were saved during the pilot project of the initiative which ran for 18 months The chances of survival increase by 70-80% if an accident victim is taken to the hospital within one hour of his accident, which is the 'Golden Hour'
11 Oct Cabinet Okays Rs 5.5 lakh each for 5.3k PoK Families in J and K The announcement of the resettlement package comes with polling to take place for block development councils (BDC) in J and K on October 24.
POINTS TO NOTE
In a Cabinet release, the government said in the wake of the1947 Pakistani aggression in J&K, 31,619 families migrated from PoK to the state of J&K. Further, during the Indo-Pak wars of 1965 and 1971, 10,065 more families were displaced from Chhamb Niabat area. Hence,The Union Cabinet on Wednesday approved a one-time payment of Rs 5.5 lakh as a resettlement package for the 5,300 displaced families who had come from Pakistan-occupied Kashmir (PoK) and initially settled outside Jammu and Kashmir but later relocated to the state. Meanwhile, Congress state unit chief G A Mir, released recently from house arrest, said his party’s boycott of the block development council polls was to protest the “indifferent attitude of the state administration and continued detention of senior party leaders in the valley.”
OTHERS
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06 Oct Tripura gets its first-ever SEZ at Sabroom The proposal involves estimated investment of Rs. 1550 crores and generates estimated employment to the tune of 12000.
POINTS TO NOTE
The proposal involves estimated investment of Rs. 1550 crores and generates estimated employment to the tune of 12000 Rubber based Industries – Tyres, Threads etc, Textile and Apparel Industries, Bamboo Industries and Agri-Food Processing Industries are the industries which will be set up. The state government informed that as per SEZ rules for sector specific SEZ, minimum land requirement for the North East States including Tripura is 25 Hectares. According to state government setting up of the SEZ at Sabroom would open new avenues and attract private sector investment considering proximity of the Chittagong Port which is located relatively closer to the State and construction of the bridge across Feni River in South Tripura which is underway. The SEZ will have Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units; 100% Income Tax exemption on export income for SEZ units under Section 10AA ofthe Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
11 Oct Mumbai 12th richest city in the world, NYC on top with 65 billionaires Delhi, Bengaluru & Hyderabad among Indian cities expected to grow strongly over the next 10 years
POINTS TO NOTE
New York City, one with the highest number of wealthiest people in the world, has 65 billionaires and over 380,000 millionaires.It is also home to two largest stock exchanges in the world. Mumbai is the only Indian city to feature in the top 20 list. Delhi, Bengaluru, and Hyderabad have been named in the ‘cities to watch’ category.
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4. Business and Economy
GOVERNMENT POLICIES & SCHEMES
10 Oct Cabinet approves 5% additional DA/DR due July, 2019 The Union Cabinet Chaired by Prime Minister Narendra Modi today approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2019 representing an increase of 5% over the existing rate of 12% of the Basic pay/Pension, to compensate for price rise.
POINTS TO NOTE
This will benefit about 49.93 lakh Central Government employees and 65.26 lakh pensioners. The additional financial implication on account of this increase in Dearness Allowance is estimated at Rs 8590.20 Crore per year; and Rs 5726.80 Crore in the current Financial Year of 2019-20 (for 8 months from July 2019 to February 2020). Dear Allowance/Dearness Relief is paid to Central Government employees/pensioners to adjust the cost of living and to protect their basic pay/pension from erosion in the real value. Dear Allowance/Dearness Relief is revised twice a year from 1st January and 1st July.
11 Oct Input tax credit under GST regime restricted to 20% of claims: CBIC Experts said it would block cash flow of businesses and increase their compliance burden
POINTS TO NOTE
Businesses will have to pursue their vendors on a monthly basis to upload their invoices to enable them to take the entire input tax credit (ITC) after the indirect tax board came out with a notification to restrict these credits to 20 per cent of the claims. Though theoretically, businesses have to reconcile their ITC within 60 days, this clause was never implemented since the auto-populated form of purchases by suppliers — GSTR2 — has been suspended. As such, businesses are supposed to reconcile their input tax credit at the time of annual returns. However, the deadline of annual returns even for the first year of the GST rollout — 2017-18 — have been deferred a number of times. The deadlines were extended after the businesses and experts complained about the complex nature of filing these returns and reconciliation of audited accounts with these returns. For instance, tax and legal consultants had said hundreds of amendments, notifications and circulars have made the GST Act very complex.
MOU'S / AGREEMENTS
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10 Oct Cabinet approves MoUs signed between India, foreign broadcasters for exchange of technical
expertise The MoUs were given ex-post facto approval at the Cabinet meeting chaired by Prime Minister Narendra Modi, an official statement said.
POINTS TO NOTE
The MOU was signed in the field of radio and television to facilitate exchanges of technical expertise and training of manpower to meet emerging challenges in broadcasting. The pacts with the foreign broadcasters will help the public broadcaster in exploring new visions; new strategies to address the demands of new technologies and stiff competition; media liberalisation; and globalisation. Exchanges of technical expertise and training of manpower would help the public broadcaster to meet the emerging challenges in the field of broadcasting.
11 Oct MakeMyTrip announces tie-up with TripAdvisor for outbound travel space The hotels and associated package business give better margins than air ticketing. Hence, MMT's aim to grow the segment.
POINTS TO NOTE
MakeMyTrip, an online travel company, announced a sourcing tie-up with travel website TripAdvisor, offering its customers tours and activities in over 100 places abroad. The data of make my trip shows consistent increase in the number of outbound Indian travellers who are willing to spend more on new and differentiated local experiences. With the roll-out of international experiences with TripAdvisor on their platform, Make my trip can now empower Indian travellers with more choices when they travel overseas. International hotels and packages is one of the fastest growing segments. The firm was investing here in technology, products, supply and brands to achieve growth.
OTHERS
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06 Oct Care Ratings downgrades Ramdev's Patanjali on Ruchi Soya Acquisition Care Ratings Ltd. downgraded Patanjali's long-term bank facilities to A- from A+, citing a likely weakening of its financial position as it partly funds a merger with a maker of soya products.
POINTS TO NOTE
Patanjali Consortium Adhigrahan Pvt.— a venture by Patanjali Ayurved and three other companies controlled by yoga guru Baba Ramdev — is taking over Ruchi Soya Industries Ltd. for Rs 43.5 billion ($614 million). India’s company court approved a bid by Patanjali Consortium last month to take over Ruchi Soya. Creditors of the cooking oil producer are set to receive a maximum of Rs 42.4 billion in repayments, a 65% haircut to their verified claims of about Rs 121 billion.
07 Oct Seven of India's Top 10 companies lose over Rs 1 lakh Crore in Market Cap Seven of the 10 most valued domestic companies suffered a combined erosion of Rs 1 lakh crore in their market valuation last week with HDFC Bank taking the biggest hit by losing over Rs 30,000 crore.
POINTS TO NOTE
Seven of the 10 most valued domestic companies suffered a combined erosion of Rs 1 lakh crore in their market valuation last week with HDFC Bank taking the biggest hit by losing over Rs 30,000 crore. Besides HDFC Bank, the other losers included Reliance Industries (RIL), Hindustan Unilever (HUL), HDFC, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance. On the other hand, Tata Consultancy Services (TCS), Infosys and ITC are among the top 10 firms that saw rise in their market valuation for the week ended Friday. In terms of ranking of top-10 firms, RIL retained its top position, followed by TCS, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance, which pipped State Bank of India to acquire the tenth position.
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07 Oct Embassy Parks to invest $300 million in warehousing, logistic projects The company, a joint venture between realty firm Embassy group and private equity firm Warburg Pincus, is developing industrial and warehousing parks in Chakan (Pune), Bilaspur and Farrukhnagar (NCR), Sriperumbudur and Hasur (Tamil Nadu), and Hyderabad in phased manner.
POINTS TO NOTE
The company, a joint venture between realty firm Embassy group and private equity firm Warburg Pincus, is developing industrial and warehousing parks in Chakan (Pune), Bilaspur and Farrukhnagar (NCR), Sriperumbudur and Hasur (Tamil Nadu), and Hyderabad in phased manner. The company has invested around $80 million since 2016 when it started the operation. The demand for Grade-A warehousing spaces has gone up with the implementation of the goods and services tax (GST). E-commerce and third-party logistics firms are the main drivers of this demand, said Virwani, who is also the chief operating officer (COO) of the realty firm Embassy group. According to the property consultant, the leasing of warehousing spaces went up by 31 per cent to over 13 million sq ft across eight major cities in the first half of 2019. Embassy Group is one of India’s largest real estate conglomerates with a broad portfolio of over 54 million sq ft of prime commercial, residential and industrial space in India. Embassy and Blackstone launched India’s first real estate investment trust earlier this year.
09 Oct Reliance Mutual Fund is now Nippon India Mutual Fund Following the purchase of 75% stake in Reliance Nippon Life Asset Management by Nippon Life Insurance, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund.
POINTS TO NOTE
This has been one of the largest foreign direct investments in the financial sector, and now Nippon India Mutual Fund is the largest foreign-owned Asset Management Company in India. Sundeep Sikka will continue to lead company as the CEO. In Japan, one out of 12 people is a policyholder of Nippon Life Insurance. The company will continue to focus on increasing market share and profitability.
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10 Oct India ranks 68th on global competitiveness index by Geneva-based World Economic Forum (WEF),
Singapore on top India ranked at 15th place in terms of corporate governance, while it is ranked second globally for shareholder governance.
POINTS TO NOTE
India has moved down 10 places to rank 68th on an annual global competitiveness index, largely due to improvements witnessed by several other economies, while Singapore has replaced the U.S. as the world’s most competitive economy. Announcing its latest index, the WEF said that India ranks high in terms of macroeconomic stability and market size, while its financial sector is relatively deep and stable despite the high delinquency rate, which contributes to weakening the soundness of its banking system. In terms of the market size, India is ranked third, while it has got the same rank for renewable energy regulation. India also punches above its development status when it comes to innovation, which is well ahead of most emerging economies and on par with several advanced economies. But, these positive metrics contrast with major shortcomings in some of the basic enablers of competitiveness in case of India, while flagging limited ICT (information, communications and technology) adoption, poor health conditions and low healthy life expectancy. The healthy life expectancy, where India has been ranked 109th out of total the 141 countries surveyed for the index, is one of the shortest outside Africa and significantly below the South Asian average. With a ratio of female workers to male workers of 0.26, India has been ranked very low at 128th place. India is also ranked low at 118th in terms of meritocracy and incentivisation and at 107th place for skills.
11 Oct India jumps to 7th spot in Brand Finance Nation ranking As per the latest report by independent brand valuation consultancy Brand Finance, India has jumped to seventh position from 9th last year, after recording a solid 19 per cent growth in brand value to USD 2.6 trillion.
POINTS TO NOTE
As per the latest report by independent brand valuation consultancy Brand Finance, India has jumped to seventh position from 9th last year, after recording a solid 19 per cent growth in brand value to USD 2.6 trillion. The Indian economy was quick to recover after the global financial crisis, with growth now reduced by a recent slowdown in both the manufacturing and construction sectors. Last year, Canada was at the 7th position which has dropped to 8th position. South Korea, which was at the 10th position last year has managed to jump a level up to reach the 9th position. Italy, which was at 8th position last year, slipped to the 10th, while the US, China and Germany continued to be the top three nations, respectively even in 2019. Japan and the UK swapped positions with the former jumping to 4th, while the latter falling to 5th position as against its ranking last year.
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5. Banking Awareness
OTHERS
08 Oct Banks to reclassify loans given to HDIL as fraud Real estate developer HDIL is currently in default to various banks and has been admitted for proceedings under the Insolvency and Bankruptcy Code.
POINTS TO NOTE
Lenders to HDIL will have to classify their loans to the developer as fraud and will need to set aside more money for these advances in their balance sheet. This is because the provisioning norms for loans where fraud is committed by the borrower is different from those governing regular advances. According to RBI’s master circular on prudential norms, the entire amount due to a bank (irrespective of the quantum of security held) or for which the bank is liable is to be provided over a period not exceeding four quarters. The RBI has started coming down hard on banks after it detected that they continued to treat a borrower as a normal defaulter .Following this, many banks started reporting their loan exposure to Bhushan Power and Steel as fraud. While seeking remand of HDIL’s promoters Rakesh and Sarang Wadhawan, the economic offences wing (EOW) counsel had said that 70% of depositors’ money at PMC Bank was availed by HDIL as loans. It was also revealed that the cooperative bank created 21,000 fictitious accounts to camouflage these advances. According to the developer’s annual reports for FY19, it had a dozen lenders. These were Allahabad Bank, Andhra Bank, Bank of India, Central Bank of India, IDBI Bank, IL&FS, Life Insurance Corporation, Syndicate Bank, The Jammu & Kashmir Bank, UCO Bank, Union Bank and Yes Bank.
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6. Science, Technology and Environment
GOVERNMENT POLICIES & SCHEMES
12 Oct Mobile App, “mHariyali” Launched for ‘Environment Protection in Government Colonies’ Website The app is aimed to encourage Public engagement in planting trees and other such Green drives. People can now upload information/photos of any plantation done by them, which is linked to app and will be displayed on the website www.epgc.gov.in.
POINTS TO NOTE
The App provides for automatic geo-tagging of plants. This app will also enable nodal officers to periodically monitor the plantation. Earlier this month, as part of activities to promote ease of living, the Directorate of Estates, Ministry of Housing and Urban Affairs carried out the following activities in 103 selected government colonies through public/stakeholders participation:
1. Cleaning and greening of open space through plantation 2. Rain Water Harvesting – Awareness and construction 3. Sensitization on Source Segregation of Household waste and Orientaion and Capacity building on Home composting.
For each colony, the above activities were taken up in a campaign mode over and will continue, Nodal Officers were appointed from the Directorate, CPWD and ULBs to liaison with Resident Welfare Association to ensure maximum public participation. A mass plantation drive “Haryali Mahotsav” was launched in San Martin Park, Chanakyapuri on 28.7.2019 by Secretary HUA in which approx 500 plants were planted and about 150 people, including students, participated.
OTHERS
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08 Oct Pepsico India wins US Corporate Excellence Award for Saving Water PepsiCo India has been named the global winner in sustainable operations in the multinational enterprise category for its sustainable farming initiative in India. 2019 Secretary of State's Award for Corporate Excellence (ACE)
POINTS TO NOTE
Established in 1999, the ACE recognises US companies that promote and uphold high standards as responsible members of their communities where they do business. The award recognises the company's effort to save more than 17 billion litres of water through its community water programs and replenishing over 5 billion litres of water, positively impacting 60,000 community members Other recipients of the award are Chambers Federation in the Democratic Republic of the Congo, Procter and Gamble Asia Pacific in Singapore and Agilis Partners in Uganda.
09 Oct Jal Shakti Minister launches Ganga Aamantran Abhiyan The ‘Ganga Aamantran Abhiyan’ is a pioneering and historic exploratory open-water rafting and kayaking expedition on the Ganga River to be held between 10th October 2019 to 11 November 2019.
POINTS TO NOTE
Starting at Devprayag and culminating at Ganga Sagar, the expedition will cover the entire stretch of over 2500 kms of the Ganga River. This is the first ever effort by National Mission for Clean Ganga to raft across the entire stretch of the river and also the longest ever social campaign undertaken through an adventure sporting activity to spread the message of River Rejuvenation and Water Conservation on a massive scale. The expedition will encompass the five Ganga basin states including Uttarakhand, Uttar Pradesh, Jharkhand, Bihar and West Bengal with stops at Rishikesh, Haridwar, Kanpur, Allahabad, Varanasi, Patna, Sonepur and Kolkata. The team from CSIR–Indian Institute of Toxicology Research will collect water samples from across diverse ranges of the river for the purpose of water testing, while members of the Wildlife Institute of India will undertake flora and fauna census for the year 2019. The Minister of Jal Shakti, Gajendra Singh Shekhawat will lead from the front and will not only flag-off the expedition but also be a part of the expedition from Devprayag to Rishikesh. The expedition is led by Wing Commander Paramvir Singh from Indian Air Force, who is the only person to have swum the entire length of Ganga from Devprayag to Gangasagar in 2015. He holds 13 World, 3 Asian and 7 National Records.
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09 Oct Saturn overtakes Jupiter as the planet with most moons Twenty new moons have been found around Saturn, giving the ringed planet a total of 82 moons. That beats Jupiter and its 79 moons.
POINTS TO NOTE
Our solar system’s biggest planet Jupiter still has the biggest moon. Jupiter’s Ganymede is almost half the size of Earth. By contrast, Saturn’s 20 new moons are minuscule, each barely 5km in diameter. Mr. Sheppard and his team used a telescope in Hawaii to spot Saturn’s 20 new moons over the summer. About 100 even tinier moons may be orbiting Saturn, still waiting to be found. These baby moons may have come from larger parent moons that broke apart right after Saturn formed. Seventeen of Saturn’s new moons orbit the planet in the opposite, or retrograde, direction. The other three circle in the same direction that Saturn rotates. They’re so far from Saturn that it takes two to three years to complete a single orbit. This announcement came from the International Astronomical Union’s Minor Planet Center.
10 Oct Monsoon begins withdrawal on October 9, the most delayed in its recorded history! 2019 monsoon, the withdrawal line passes through Lat. 31.5°N / Long. 74.5°E, Kapurthala, Ambala, Karnal, Churu and Lat. 27.5°N / Long. 70.0°E.
POINTS TO NOTE
The India Meteorological Department announced that the 2019 monsoon has finally began its withdrawal on October 9 making it the most delayed withdrawal of the monsoon in its recorded history. The most delayed monsoon withdrawals in the past were recorded in 1961 (October 1) followed by 2007 (September 30). The IMD had said earlier that a weak El Niño effect may have some impact during the initial months, fading out gradually and giving way to a normal monsoon season. The Indian Ocean Dipole (IOD) is turning from neutral to positive. This will make up for the rain deficit due to weak El Niño effect.A positive IOD signifies a warmer-than-normal western Indian Ocean, which brings high precipitation across India, while the opposite means drier weather.
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7. Defence
06 Oct Defence Minister approves four-fold Increase in Funds to Families of Battle Casualties Defence Minister Rajnath Singh has given in-principle approval to enhance monetary assistance to next of kin of battle casualties from existing Rs 2 lakh to Rs 8 lakh under Army Battle Casualties Welfare Fund (ABCWF).
POINTS TO NOTE
At present, financial assistance of Rs 2 lakh was given to battle casualties in case of death and also to those sustaining 60 per cent and above disability besides to several other categories. The ABCWF has been set up under Department of Ex-Servicemen Welfare (ESW) after a large number of people offered to provide monetary assistance to the families of battle casualties following an incident in February 2016 at Siachen where 10 soldiers were buried in an avalanche. The already existing monetary grant includes ex-gratia for various ranks ranging from Rs 25 lakh to Rs 45 lakh and Army Group Insurance ranging from Rs 40 lakh to Rs 75 lakh
09 Oct Balakot Air Strike Squadrons awarded citations on IAF Day IAF chief RKS Bhadauria decorated the 51 Squadron and the 9 Squadron for their role in the air strike on terrorist camps in Pakistan's Balakot in February.
POINTS TO NOTE
Two squadrons of the Indian Air Force, which played a role in the Balakot air strike, were decorated with citations at the Hindon base on the 87th IAF Day. Every year, the Air Force Day is celebrated at Hindon base in presence of the IAF chief and senior officials of the three armed forces. The IAF was founded on October 8, 1932, and the force has participated in several crucial wars and landmark missions.
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10 Oct PM Modi releases commemorative stamp on Marshal of the Air Force Arjan Singh Prime Minister Narendra Modi on Wednesday attended the 'at home' program of the Indian Air Force to mark its 87th raising day and released a commemorative stamp to honor Marshal of the Air Force late Arjan Singh.
POINTS TO NOTE
The commemorative stamp was launched during Prime Minister Modi's visit to the Indian Air Force exhibition on 'Self Reliance Through Innovation and Indigenisation'. Arjan Singh is an icon of Indian military history and is best remembered for providing excellent leadership to a young IAF during the 1965 war. He served as the hief of Air Staff from August 1964 to July 1969. Even after retirement, he continued to serve in various positions including India's Ambassador to several countries. Government of India designated him as the Marshal of the Air Force in January 2002. He remains the only officer of the IAF to be given a five-star rank.
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8. Sports
06 Oct India’s Avinash Sable qualifies for Tokyo Olympics in Men's 3000m Steeplechase He shattered his own national record for the second time in three days though he finished 13th in the final race of the World Championships in Doha.
POINTS TO NOTE
Avinash clocked 8 minute 21.37 seconds to breach the Olympics qualifying standard of 8:22.00. He also bettered his own national record of 8:25.23 which he clocked on Tuesday during the first round heats. Reigning Olympic champion Conseslus Kipruto of Kenya defended his 2017 title with a time of 8:01.35, more than 20 seconds faster than Avinash, while Lamecha Girma of Ethiopia and Soufiane Bakkali of Morocco took the silver and bronze respectively.
06 Oct IAAF World Championships: Steven Gardiner Wins Gold for Bahamas A month after Hurricane Dorian destroyed houses and livelihoods, Steven Gardiner said he was hopeful his world championship victory could bring a little happiness to the Bahamas.
POINTS TO NOTE
Gardiner stepped up to bring the Bahamas gold, smashing his personal best to win in 43.48 seconds, more than half a second clear of Colombian Anthony Zambrano. Gardiner’s family home on the Abaco islands was one of many damaged in the Sept. 1 hurricane. His win in the 400 meters on Friday prompted a stream of messages from his family and friends still rebuilding their lives there. The U.S. men’s 4x100 relay squad withstood two shaky handoffs and two post-race protests to advance into the final.
06 Oct Dalilah Muhammad sets new world record to win 400m hurdles gold Dalilah clocked 52.16 seconds at the ongoing World Athletics Championships in Doha, bettering her own record, as she went past her US rival Sydney McLaughlin who was rewarded with silver in 52.23 seconds.
POINTS TO NOTE
At the US Championships in Des Moines earlier in July this year, Dalilah had bettered the 2003 world record of 52.34 set by Russia's Yulia Pechonkina, recording a time of 52.20 seconds. At the 2016 Summer Olympics, she won gold in the 400 metres hurdles. Muhammad is only the second female 400 meter hurdler in history, after Sally Gunnell, to have won the Olympic and World titles and broken the world record.
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06 Oct Rohit Sharma becomes Second Indian Opener to Score 2 Centuries in a Test Sunil Gavaskar is the other Indian opener to have scored a century in both the innings of a Test. Rohit also became the sixth Indian to score a hundred in both innings a Test.
POINTS TO NOTE
Vijay Hazare, Sunil Gavaskar (3 times), Rahul Dravid (2 times), Virat Kohli and Ajinkya Rahane have also made centuries in both innings of a Test. The 32-year-old stylish right-hander also broke the record for most sixes in a Test with 13 hits over the fence, surpassing Pakistan great Wasim Akram who smashed 12 in a game against Zimbabwe in 1996.
07 Oct World Athletics: Sifan Hassan wins unique double of 1,500 mtrs and 10,000 mtrs She became the first athlete, male or female, to win the two events at a single Olympic Games or world championships
POINTS TO NOTE
Hassan, who moved to the Netherlands after leaving Ethiopia as a refugee when she was 15, took over the lead at the end of the first lap and never looked back as she broke the championship record with a time of three minutes 51.95 seconds. Titleholder Faith Kipyegon of Kenya finished in second, despite setting a Kenyan record of 3:54.22, and Ethiopia's Guday Tsegay took the bronze. Salazar was banned for four years by the U.S. Anti-Doping Agency (WADA) on Monday for “orchestrating and facilitating prohibited doping conduct”. The remarkably versatile Hassan also broke the world mile record this year, won world championship bronze over 1,500 metres in 2015 and 5,000 metres two years ago.
07 Oct Novak Djokovic beats John Millman 6-3, 6-2 to clinch Japan Open Djokovic, who played his first Japanese competition ever, dominated throughout the week, never losing a single set to claim the trophy.
POINTS TO NOTE
The Serb crushed Australian qualifier John Millman 6-3, 6-2, to mark his 10th win in a tournament main draw debut in his celebrated career, which includes 16 Grand Slams. It was his first competition since pulling out of the US Open due to a left shoulder injury.
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07 Oct Marc Marquez seals MotoGP title with Thailand win Spain's Marquez finished just ahead of 20-year-old rookie Frenchman Quartararo with another Spaniard Maverick Vinales third.
POINTS TO NOTE
The win in Buriram gives him an insurmountable lead over closest rival Andrea Dovizioso with four races left in the season. Italy's Luca Marini won the Moto2 while Albert Arenas from Spain grabbed the Moto3 victory. He also described the 2019 season as his best ever in MotoGP. Italy's Luca Marini won the Moto2 while Albert Arenas from Spain grabbed the Moto3 victory.
07 Oct Naomi Osaka beats world number one Ashleigh Barty to win China Open The Japanese two-time Grand Slam champion Naomi Osaka won a second tournament by defeating world number one Ashleigh Barty in the China Open final.
POINTS TO NOTE
This was a third title of 2019 for Osaka and fifth in her short career. It was in the sixth game when Osaka conjured up a double fault, then an ace, then another double fault against Australia’s Barty.
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07 Oct World Athletics: USA breaks the relay ‘curse’, wins gold in 4x100m The star-studded quartet of Gatlin, newly-crowned 100m champion Christian Coleman, 200m gold medallist Noah Lyles and Michael Rodgers recorded the second fastest time in history — 37.10s.
POINTS TO NOTE
The British and the Japanese set new European and Asian records with times of 37.36s and 37.43s respectively. Sifan Hassan surged to her second gold with victory in the 1,500m, shrugging off the doping controversy that has embroiled her banned coach Alberto Salazar. It was Hassan’s second gold of the championships following her win in the 10,000m, making her the first woman to win the two events. Lelisa Desisa gave Ethiopia its first World marathon title since 2001 winning
09 Oct U.S. Women win fifth straight Gymnastics World Championship Title Simone Biles secured her 21st world medal, overtaking Russia’s Svetlana Khorkina for the women’s record.
POINTS TO NOTE
Only Vitaly Scherbo of Belarus has won more world medals with 23, which Biles could surpass by the end of the Championship. The Americans scored 172.330, 5.801 points more than second-placed Russia. Italy took third spot for its first world team medal since 1950, while China slipped off the podium for the first time since 2003. Biles is a four-time World all-around champion, four-time World floor exercise champion, two-time World balance beam champion, the 2018 World vault champion, a six-time United States national all-around champion, and a member of the gold-medal-winning American teams.
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10 Oct Jamaica's Shelly Ann Fraser-Pryce wins the fourth 100m World Championship gold at 32, clocks her
second-best career time A look at Jamaican sprinter Shelly Ann Fraser-Pryce's career shows that she continues to clock the best times in the history of the 100m event despite being 32, and is a favourite to win at the 2020 Olympics
POINTS TO NOTE
Fraser-Pryce had won her first world championship gold in the 100m sprint in 2009. Her 10.71s run in the 2019 world championship final at Doha is her joint-quickest in the competition. Over the years, Fraser-Pryce has shown no signs of relenting. She was 22 when she won the Olympic gold for the first time in the event.At 32, she ran the second-fastest time of her career in Doha. With a personal-best timing of 10.7s, Fraser-Pryce is the joint-fourth fastest in the women’s 100m in history. She shares the record with her compatriot, Elaine Thompson.
10 Oct Mithali Raj becomes first female player to complete 2 decades in international cricket She achieved the feat while leading India to an emphatic eight-wicket win over South Africa women in the first ODI of the three-match series here on Wednesday.
POINTS TO NOTE
Mithali, who made her ODI debut against Ireland on June 26, 1999, completed 20 years and 105 days in the 50-over format. The right-handed batswoman has played 204 ODIs till now, the most by a female, followed by England’s Charlotte Edwards (191), Jhulan Goswami (178), Alex Blackwell (144) of Australia.
12 Oct Simone Biles wins 16th world gymnastics title Biles, 22, earned the 22nd world medal of her career, leaving her just one short of the all-time record, having already won team gold with the USA on Tuesday.
POINTS TO NOTE
Biles, 22, earned the 22nd world medal of her career, leaving her just one short of the all-time record. Chinese teenager Tang Xijing, 16, took silver and Angelina Melnikova of Russia claimed bronze in the all-around event. With two golds won and potentially four more medals to come, Biles has put a testing two years behind her.In January 2018, she revealed she was a victim of Larry Nassar, the disgraced former doctor of the US women's Olympic team, who was jailed for sexually abusing hundreds of girls and women.
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12 Oct Kohli scores the highest double hundreds in Indian cricket history. Star batsman Virat Kohli on Friday eclipsed legendary Sachin Tendulkar and Virender Sehwag by amassing a record seventh double hundred, the highest in Indian cricket history.
POINTS TO NOTE
The Indian skipper, who now has 26 Test hundreds and 69 international tons (43 in ODIs), for a brief period of time had also surpassed Sir Don Bradman’s eight scores of 150 plus before reaching his double hundred. On way to his double ton on day two of the second Test against South Africa, Kohli also equalled former Australia skipper Ricky Ponting by scoring the most number of centuries as Test captain.Both Kohli and Ponting now have a record 19 hundreds as a Test captain. This is Kohli’s first hundred of this year, having scored two fifties in the eight innings that he has played in 2019.
12 Oct Dutee Chand breaks National record on way to gold at National Open Athletics Chand smashed her own national record, clocking 11.22 seconds in the women's 100m semifinals.
POINTS TO NOTE
A fortnight after failing to reach 100m semis at the World Championships in Doha, the 23-year-old surpassed her previous timing of 11.26s which she had set at the Asian Championships in April this year. Her state-mate Amiya Kumar Malik, who has been struggling to find his rhythm the whole season, won the bragging rights as the fastest man in the National Open. He won the men's 100m in 10.46 seconds, breaking the beam a hundredth of a second ahead of Malaysia's Jonathan AnakNyepa.
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9. People
APPOINTMENTS AND RESIGNATIONS
09 Oct Nissan Motor picks Makoto Uchida as CEO, Ashwani Gupta as COO The decision comes after months of turmoil at Japan's second-largest automaker following the downfall of former Chairman Carlos Ghosn last year and the departure of former CEO Hiroto Saikawa last month.
POINTS TO NOTE
Directors at Nissan, including those from top shareholder Renault SA, voted unanimously in favour of the two executives. Chairman Carlos Ghosn is awaiting trial in Tokyo on financial misconduct charges that he denies. Hiroto Saikawa was forced to step down after he admitted to being improperly overpaid. The India-born Gupta is currently COO of alliance junior partner Mitsubishi Motors Corp.
10 Oct PM congratulates Prime Minister of Portugal, Mr. António Costa and his Partido Socialista, on
winning Portugal general election The Prime Minister, Shri Narendra Modi has congratulated Prime Minister of Portugal, Mr. António Costa and his Partido Socialista, on winning Portugal general election. Prime Minister of Portugal Mr. António Costa also thanked Shri Narendra Modi in return.
POINTS TO NOTE
The prime minister also posted a photo of him with Costa and wrote the message in English as well as Portuguese. Indian-origin Antonio Costa's Socialist Party won 106 seats in the recently held general elections. Gaining twenty more seats from 2015, the party commanded a vote share of 35.88 per cent. Costa’s family on his father’s side hails from Goa — his grandfather was born in the former Portuguese colony, and spent most of his life there. His father, was born in Mozambique and was a writer whose works reflected strong Goan roots, and included essays on Rabindranath Tagore.
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12 Oct Justice Manikumar sworn in as Chief Justice of Kerala High Court He succeeds Justice Hrishikesh Roy, who was elevated to the Supreme Court.
POINTS TO NOTE
Enrolling as an advocate on November 23, 1983, S. Manikumar, now 58, practised for nearly 22 years in the Madras High Court, the Tamil Nadu State and Central Administrative Tribunals on constitutional and service matters. He has held the posts of Senior Central Government Standing Counsel for Government of India and Assistant Solicitor General of India. Justice Manikumar was appointed Additional Judge at the Madras High Court on July 31, 2006, and as permanent Judge on November 9, 2009.
AWARDS AND RECOGNITIONS
08 Oct Justice J.K. Maheswari sworn in as the Chief Justice of A.P. High Court Post-bifurcation, Andhra Pradesh got a separate High Court on January 1 this year and it started functioning from a temporary premises in the Amaravati capital region.
POINTS TO NOTE
The position of the Andhra Pradesh High Court Chief Justice had been lying vacant since the day of its inception. Following its creation, the High Court, which was functioning from the state capital Amaravati, was being headed by the Acting Chief Justice Chagari Praveen Kumar, along with 12 other sitting judges. He is replacing acting CJ Justice C. Praveen Kumar.
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08 Oct William Kaelin, Gregg Semenza, Peter Ratcliffe receive Nobel for Medicine They received the award jointly for finding how cells adapt to fluctuating oxygen levels, paving the way for new strategies to fight diseases such as anaemia and cancer.
POINTS TO NOTE
The seminal discoveries by this year's Nobel laureates revealed the mechanism for one of life's most essential adaptive processes. Their research established the basis for the understanding of how oxygen levels affect cellular metabolism and physiological functions. The prizes for achievements in science, peace and literature have been awarded since 1901 and were created in the will of dynamite inventor and businessman Alfred Nobel. Nobel medicine laureates have included scientific greats such as Alexander Fleming, the discoverer of penicillin, and Karl Landsteiner, who identified separate blood types. Last year American James Allison and Japanese Tasuku Honjo won the prize for discoveries about how to harness the immune system in cancer therapies.
08 Oct Chris Silverwood appointed England Head Coach for Cricket The former England fast bowler, who played six Tests and seven one-day internationals, replaces Australian Trevor Bayliss.
POINTS TO NOTE
British media reported last week that former India and South Africa coach Gary Kirsten had emerged as the leading contender, but Silverwood, the team's former bowling coach, was preferred. Silverwood's first assignment will be England's tour of New Zealand on which they play five Twenty20 internationals starting on November 1 and two Tests, before they travel to South Africa.
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09 Oct Intel VP Arjun Bansal and Zilingo Founder Ankiti Bose in Fortune USA 2019's '40 Under 40' Also on the list is Voice user interface designer at Amazon Alison Atwell, 31, who is in charge of training Alexa, Amazon's cloud-based voice service.
POINTS TO NOTE
One of Intel's key AI projects involves specialised computer chips developed by Nervana, the startup co-founded by Bansal and acquired by the chip giant in 2016 in a deal reportedly worth over $350 million. Bansal's team of nearly 100 workers, scattered throughout the US, Israel and Poland work on AI technologies like reinforcement learning and natural-language processing, all intended to help keep Intel's silicon chips working swimmingly with the latest AI software. Bose, 27, launched the four-year-old Singapore-based startup after visiting Bangkok's Chatuchak market. What started as an aggregator of small fashion retailers has since expanded into business-to-business offerings, such as supply- chain tools, and has tapped into Southeast Asia's booming Internet connectivity and smartphone adoption. Just 10 per cent of the world's venture capital backed startups worth $1 billion had a female founder as of last year. Also on the list is 37-year old US Presidential candidate Pete Buttigieg.
09 Oct Nobel Prize Physics 2019: Awarded to James Peebles, Michel Mayor and Didier Queloz The Nobel Prize for Physics has been awarded to James Peebles for theoretical discoveries in physical cosmology, and Michel Mayor and Didier Queloz for discovering an exoplanet orbiting a solar-type star.
POINTS TO NOTE
Canadian-American cosmologist James Peebles and Swiss scientists Michel Mayor and Didier Queloz won the 2019 Nobel Prize for Physics for shedding light on the evolution of the universe and discovering planets orbiting distant suns. James Peebles' theoretical discoveries contributed to our understanding of how the universe evolved after the Big Bang. Using theoretical tools and calculations, Peebles was able to interpret trace radiation from the infancy of the universe and so discover new physical processes. Mayor and Queloz announced the first discovery of a planet outside our own solar system, a so-called "exoplanet", starting a revolution in astronomy. Over 4,000 exoplanets have since been found in the Milky Way. Among the Nobels, physics has often taken centre stage with winners featuring some of the greatest names in science like Albert Einstein, Marie Curie and Niels Bohr, as well as ground-breaking inventors such as radio pioneer Guglielmo Marconi.
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10 Oct Nobel Chemistry prize goes to three scientists for developing lithium-ion batteries The 2019 Nobel Prize in Chemistry has been awarded to John B Goodenough, M. Stanley Whittingham and Akira Yoshino for the development of lithium-ion batteries.
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Lithium-ion batteries have revolutionized our lives and are used in everything from mobile phones to laptops and electric vehicles. This year's Chemistry Laureates have laid the foundation of a wireless, fossil-fuel-free society. The laureates receive them at an elegant ceremony in Stockholm the anniversary of Nobel's death in 1896 together with five other Nobel winners. The sixth one, the peace prize, is handed out in Oslo, Norway, on the same day.
11 Oct Poland’s Olga Tokarczuk, Austria’s Peter Handke win Literature Nobels for 2018 and 2019 The literature prize was cancelled last year after an exodus at the Swedish Academy, which chooses the winners, following sex abuse allegations.
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The rare double announcement came after no literature prize was awarded last year due to sex abuse allegations. Jean-Claude Arnault, the husband of a former academy member, was convicted last year of two rapes in 2011. Mr. Handke’s worki s appreciated for exploring “the periphery and the specificity of human experience” with linguistic ingenuity. Ms. Tokarczuk is one of Poland’s best-known authors, known for her humanist themes and playful, subversive streak.She won the Booker International Prize in 2018 for Flights, She is only the 15th woman to win the Nobel literature prize in more than a century. Of the 11 Nobels awarded so far this week, all the other laureates have been men. Ms. Tokarcuzk has been attacked by Polish conservatives and received death threats for criticising aspects of the country’s past, including its episodes of anti-Semitism. She is also a strong critic of Poland’s current right-wing government.
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12 Oct U.K. to issue coin in honour of Mahatma Gandhi Britain’s Chancellor of the Exchequer Sajid Javid asked the Royal Mint of the UK to propose a new commemorative coin in Gandhi’s honour
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He announced this on Thursday at the annual GG2 ceremony in London to celebrate the British Asian success. Priti Patel, the Indian-origin home secretary in the Boris Johnson led government, was named the second most influential person on the 2019 GG2 power list. Fellow Indian-origin junior minister serving under Mr. Javid as the Chief Secretary to the UK Treasury, Rishi Sunak, the son-in-law of Infosys co-founder Narayana Murthy, also made it to the top 10 at No. 7. The third spot on the list went to anti-Brexit campaigner Gina Miller, born Gina Nadira Singh to British Guyana’s former Attorney-General Doodnauth Singh. Miller was followed by London’s Pakistani-origin mayor Sadiq Khan at No. 4. The UK’s senior-most counter-terrorism officer, Neil Basu, is ranked fifth and the Nobel Prize-winner and president of the Royal Society, Sir Venkatraman Ramakrishnan Venky, is ranked ninth. UK-based Indian-origin businessmen Hinduja brothers--Gopichand and Srichand-- took the 10th spot in this year’s list.
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12 Oct Abiy Ahmed, the winner of Nobel Peace Prize 2019 Abiy Ahmed is Africa's youngest leader and has instilled a certain optimism in a region of Africa marred by violence.
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Ethiopian Prime Minister Abiy Ahmed won the Nobel Peace Prize 2019 for his efforts to resolve the long-running conflict with neighbouring foe Eritrea. He received the award for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighbouring Eritrea. Following a historic meeting in Eritrea's capital Asmara, Abiy and Eritrean President Isaias Afwerki formally ended a 20- year-old stalemate between the countries in the wake of the 1998-2000 border conflict.
OBITUARY
12 Oct Alexei Leonov, first man to walk in space, passes away at 85 Leonov was a close friend of Yury Gagarin, who became the first human to go to outer space in 1961.
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The Russian space agency Roscosmos said it was saddened to announce the death of "cosmonaut No 11" who was twice decorated with the country's top honour, the Hero of the Soviet Union. Leonov was a close friend of Yury Gagarin, who became the first human to go to outer space in 1961. Four years later Leonov made history when he left a spacecraft during the Voskhod 2 mission for a spacewalk that lasted 12 minutes and nine seconds. The flight and spacewalk were successful on the whole but his return to Earth nearly ended in tragedy when Leonov and another cosmonaut, Pavel Belyayev, crash-landed in Siberian woods.
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