October 10, 2019


  1. Govt sets up high-level panel to check money laundering activities
  • The government formed a 19-member Inter-Ministerial Co-ordination Committee (IMCC) chaired by the revenue secretary Mr Ajay BhushanPandey to check money laundering activities.
  • It is set up as per the powers conferred under Section 72A of the Prevention of Money Laundering Act (PMLA), 2002.
  • The 19-member Inter-Ministerial Co-ordination Committee (IMCC) has five secretaries, including from ministries of finance and external affairs, and chiefs of various regulatory authorities, as well as probe agencies.
  • Besides ensuring operational cooperation among the government, law enforcement agencies, the Financial Intelligence Unit-India and the regulators or supervisors, the committee would also work on development and implementing policies on anti-money laundering and countering the financing of terrorism.
  • The Financial Action Task Force Cell in Department of Revenue shall act as secretariat to the said Committee.
  1. First-ever India International Cooperative trade fair to be held in Delhi
  • The first-ever India International Cooperatives Trade Fair (IICTF) will be held at PragatiMaidan from October 11.
  • The ministries of Agriculture and Commerce and Industry have organised a three-day India International Cooperative trade fair from October 11 to 13.
  • The fair has been jointly organised by National Cooperative Development Corporation in association with the Bangkok-based international organisation NEDAC and leading organisations in India like NAFED, APEDA and ITPO.
  • In addition, six state governments and Union Territories are partners of IICTF. Bangladesh is also a partner country in the event.
  1. Cabinet approvals on October 9, 2019
  • Approval was given for 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 till 30th November, 2019.
  • Approval was given to the Memorandum of Understandings (MoUs) signed between India and Foreign Broadcasters in the field of radio and television.
  • Approval was given for the apprise of the progress under the National Health Mission (NHM) and its decisions of the Empowered Programme Committee (EPC) and Mission Steering Group (MSG) of the NHM.
  • On the recommendations of the 7th Central Pay Commission (CPC), an approval was given to release an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2019 representing an increase of 5% over the existing rate of 12% of the Basic pay/Pension to 17%, to compensate for price rise.
  • Approval was given for the inclusion of 5,300 Displaced Persons (DP) families of Jammu & Kashmir (J&K)- 1947 who initially opted to move outside the state of J&K but later on returned and settled in the state of J&K, in the Rehabilitation Package approved by the Cabinet on 30.11.2016 for Displaced Families PoJK and Chhamb under the Prime Minister’s (PM) Development Package 2015 for J&K.
  1. EAM minister S Jaishankar inaugurated e-Vidyabharti, e-ArogyaBharti for African countries in New Delhi
  • The External Affairs Minister(EAM) Shri Subrahmanyam Jaishankar inaugurated e-Vidyabharti (tele-education) and e-ArogyaBharti(Tele-Medicine) projects for all the 54 African countries in New Delhi on the 55th anniversary of Indian Technical and Economic Cooperation(ITEC) which is India’s flagship capacity building programme.

Key points

♦Other initiatives launched: Capacity building initiatives like e-ITEC and ITEC executive were launched to meet the demand for innovative courses for users and professionals.

♦The projects will enhance access to Indian education and offer medical expertise to African students and doctors respectively.

♦Members present: Shri Shripad Yesso Naik, Minister of State(MoS) for defence; V.Muraleedharan, MoS for external affairs; Economic Trade secretary TS Tirumurti and other officials were present during the event.

  1. MSDE along with IIM Bangalore to launch MGNF
  • The Ministry of Skill Development and Entrepreneurship (MSDE) in partnership with the Indian Institute of Management- Bangalore (IIMB) will launch a new 2 year programme called ‘Mahatma Gandhi National Fellowship’ (MGNF). It will be delivered by IIMB’s Centre of Public Policy (CPP).

Key Points:

♦Objective: To identify and train a group of young, committed and dynamic individuals.

♦Coverage: It will be launched on a pilot basis in 6 states namely Gujarat, Karnataka, Meghalaya, Rajasthan, Uttar Pradesh and Uttarakhand.

♦Eligibility: Graduates from a recognized university and Indian citizens in the age group of 21-30 years will be eligible to apply.

♦The MSDE for their skill components would support a total of 75 districts.


  1. Environment ministry approves Rs 1,400 crore airport project in Kutch, Gujarat
  • The union environment ministry has given its approval for airport project in developing a commercial airport in Kutch, Gujarat worthRs 1,400 crore. This proposed project which is expected to be commissioned in 2021-22, is to be developed by Mundra International Airport Pvt Ltd, Gujarat.
  • An aerospace manufacturing facility will also be part of the project. The project developers were asked to obtain clearance from the Directorate General of Civil Aviation (DGCA) and the Airports Authority of India (AAI) for safety and project facilities.
  1. First government operated day care recreation centre for senior citizens inaugurated in Leh
  • Supreme Court judge, Justice S. Abdul Nazeer inaugurated the first Government-sponsored and operated day-care cum recreation centre for senior citizens in Leh, Jammu & Kashmir (J&K) in presence of Chief Justice J&K, Gita Mittal.
  • It is co-sponsored by Government and the District Legal Service Authority of J&K.
  • It is a one-stop-shop for entertainment, medical services and legal aid for the aged people of the region.
  1. Goa government replaces traditional ‘dial 100’’ with new integrated emergency number ‘dial 112’
  • the government of Goa replaced the traditional ‘dial 100’ with new integrated emergency number ‘dial 112’ for police, fire and medical emergencies with the help of the Union Ministry of Home Affairs (MHA). The new Emergency Response Support System (ERSS) was launched by the Goan Chief Minister Pramod Sawant. Along with the dial number 100 (Police), it also replaced dial number 101(Fire) and 108 (Ambulance Services).

Key Points:

♦In the first phase, the dial ”112” service will cover only police department and in the second phase, fire and medical services will be brought under the new dial number. 2 centres are set up at Panaji and Margao as a part of the new integrated service.

♦20 Police Control Room (PCR) vehicles have been fitted with Mobile Data Terminals (MDTs) for immediate dispatch.

♦To ensure women’s safety, a ‘SHOUT’ feature has been introduced in ‘112 India’ mobile app to seek immediate assistance.

♦Himachal Pradesh was first state to implement ERSS while Nagaland is the first amongst the North-Eastern States.


  1. India ranks 68th on WEF’s global competitiveness index
  • India has slipped 10 spots to rank 68th out of 141 surveyed countries in the annual global competitiveness index
  • The index maps the competitiveness landscape of 141 economies through 103 indicators organized into 12 themes
  • Singapore replaced the United States as the world’s most competitive economy. Hong Kong SAR came in at 3rd position while Netherlands was ranked 4th and Switzerland at 5th spot.
  • India’s rank was as high as 15th in terms of corporate governance
  • India ranks second in the world for shareholder governance
  • India also ranked third in terms of market size and renewable energy regulation.
  • In terms of healthy life expectancy, India has been ranked 109 out of a total of 141 countries surveyed for the index.
  • India’s ratio of female workers to male workers of 0.26 has fetched it a rank of 128 while the country was positioned at 118th place in terms of meritocracy and incentivisation.
  • The skills rank for India was 107

Banking & Finance

  1. Bengaluru-based fintech startup Shubh loans receives RBI’s NBFC licence
  • Shubh Loans, a Bengaluru-based fintech sector start-up, has received a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI) through its subsidiary ‘Ekagrata ‘of its parent company Datasigns Technologies.

Key points:

♦It has raised series A2 funding of Rs 34 crore (USD 4.8 million) already from Omidyar Network India.

♦Shubh loans customers will benefit greatly from the new license given by the Reserve Bank. Through the NBFC license, it will be able to provide loans to the deprived areas.


  1. Simone Biles wins 15th world championship title
  • US gymnastics star Simone Biles clinched a record-extending 15th world championship gold medal as the Americans won the women’s team title in Stuttgart, Germany
  • Biles secured her 21st world medal, overtaking Russia’s Svetlana Khorkina for the women’s record.
  • The US women claimed gold with a tally of 172.330, well ahead of the Russians who took silver with 166.529, while bronze went to Italy on 164.796.
  1. Germany’s Bastian Schweinsteiger retires from football at the age of 35
  • German footballer Bastian Schweinsteiger from the Germany national football team,has announced his retirement from the game at the age of 35.
  • Schweinsteiger earned 121 caps for his country, scoring 24 goals. He also led his team to win the 2014 World Cup in Brazil by defeating Argentina.

Award & Honors

  1. John B Goodenough, M Stanley whittingham and Akira yoshino receive 2019 Nobel prize in Chemistry
  • The Royal Swedish Academy of Sciences (RSAS) has awarded the 2019 Nobel Prize in the field of chemistry to John B Goodenough (97), M Stanley Whittingham (77) and Akira Yoshino (71) for their pivotal role in making lithium ion batteries. The trio shares the prize money of 9 million kronor (£738,000).

Key points:

♦Akira Yoshino is a Japanese chemist. He is also the inventor of the lithium ion batteries.

♦Goodenough is an American professor and the first person to get a Nobel at such an age of 97. The previous record-holder was Arthur Ashkin, who won the Physics Nobel in 2018 at 96. Goodenough doubled the lithium battery’s potential, creating the right conditions for a vastly more powerful and useful battery.

♦In addition M Stanley Whittingham is an British–American chemist and currently a professor at Binghamton University,New York, US (United States). He eliminates pure lithium from the battery.

  1. Salford University of England honors senior playback singer Asha bhosle with an honorary doctorate
  • University of Salford in Greater Manchester, England honored Indian playback singer Asha Bhosle (86) with an honorary Doctorate of Arts degree in recognition of her to the field of music & her role in inspiring future generations to participate in the arts and media. She was awarded doctorate degree by the Pro Vice-Chancellor of the University of Salford, Jo Purves, at the award ceremony at the Saint Regis Hotel in Mumbai, Maharashtra.

Key points:

♦Bhosle has earned the distinction of being one of the most famous Bollywood singers in her career that spans seven decades, performing with a variety of smash hits like ‘Parde Mein Rehne Do’, ‘Piya Tu Ab To Aaja’.

♦She has also made it to the Guinness Book of Records in 2011, has sung in more than 20 languages. She also has been a recipient of Dadasaheb Phalke Award in 2000 and the Padma Vibhushan in 2008.

♦In 1997, the British indie rock band Cornershop composed the song ‘A Brim Flower of Hope’ for her contribution to the field of music and her work as a source of inspiration for the British Asian community.


  1. Book “Carpenters and Kings: Western Christianity and the Idea of India” by Siddhartha Sarma released
  • Book titled “Carpenters and Kings: Western Christianity and the Idea of India” written by Siddhartha Sarma was released. It is published by Penguin Hamish Hamilton India.
  • It examines the history of Christianity in India in the context of local and global events.

Important Days

  1. World Post Day observed on October 9, 2019
  • World Post Day is observed annually on October 9 by the United Nations(UN) commemorating the anniversary of the establishment of the Universal Postal Union(UPU) in 1874 in Bern, Switzerland. The day was mooted by an Indian, Anand Mohan Narula, during the UPU Congress held in Tokyo, Japan in 1969. It was formed under the resolution (UPU/1969/Res.C.11).
  • This day is celebrated to create awareness of the day to day role of the postal sector everyone’s life and its contribution to the social and economic development of countries.
January 26, 2020

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