- Delhi Govt. to implement Odd-Even scheme from Nov 4 for 12 days
- The Chief Minister of Delhi, Arvind Kejriwal announced that odd-even road rationing scheme will be implemented in Delhi from November 4 to November 15, 2019.
- The odd-even scheme will be applicable from 8 AM to 8 PM, except on Sundays. Its major objective is to combat the high level of air pollution in Delhi-NCR.
- CM Kejriwal also said that violating the rule will incur a fine of four thousand rupees. This time no exemption for private CNG vehicles is allowed.
- Jaffna international airport receives inaugural flight from Chennai
- Jaffna International Airport of Sri Lanka has received its inaugural flight from Chennai. Now, three flights in will reach Jaffna every week.
- It will provide a big boost to Sri Lanka’s connectivity with Southern India. Kochi and Tiruchirapalli will also be connected with Jaffna in the next phase.
- Jaffna airport has extended its runway length from 950 to 1400 meters to facilitate international flights. However, the length of the runway will be increased up to 2300 metres in the second phase.
- CBIC launches programme to strengthen Make in India
- Central Board of Indirect Taxes and Customs has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations under bond scheme, of Customs Act, 1962.
- The scheme has been modernized with clear and transparent procedures, simplified compliance requirements ICT-based documentation and account keeping, by issue of Manufacture and Other Operations in Warehouse Regulations 2019.
- Under the scheme, the unit can import goods — both inputs and capital goods — under a customs duty deferment program. The duties are fully remitted if the processed goods are exported.
- CBIC has collaborated with Invest India to launch a dedicated microsite for providing information and promoting the scheme and for facilitation of investors. The site can be accessed at <https://www.investindia.gov.in/bonded-manufacturing>
- Textiles Secretary Inaugurates Indian Handicrafts and Gifts Fair
- Textiles Secretary, Ravi Capoor, inaugurated the 48th edition of the Indian Handicrafts and Gifts Fair (IHGF) at the India Expo Centre & Mart at Greater Noida
- Reduce, Reuse, Recycle Theme of IHGF-Delhi Fair
- The IHGF-Delhi Fair 2019 will have knowledge seminars on various topics by expert faculties, fashion shows and ramp walks by models wearing fashion jewellery, accessories and utility items sourced from exhibitors at the Fair.
- Export Promotion Council for Handicrafts (EPCH) is a nodal agency for promoting exports of handicrafts from the country to various destinations of the world and projecting India’s image abroad as a reliable supplier of high quality handicrafts goods and services
- Indian Railways to become world first ‘net zero’ carbon emitter by 2030
- Railways and commerce minister PiyushGoyalannounced Indian Railways will become “net zero” carbon emitter by 2030.
- This is the part of India’s strategy to combat climate change
- India is the biggest emitter of greenhouse gases after the US and China, and is among countries most vulnerable to climate change.
- India has a rail network of around 125,000km, making it the world’s largest railway network under a single management
- India ranks 3rd in the 2019 Hurun Global Unicorn List
- India ranked third in the 2019 Hurun Global Unicorn List. It accounts for 21 of the world’s 494 unicorns.
- China topped the list with 206 Unicorns, followed by the US with 203 Unicorns.
- The first edition of the Hurun Global Unicorn List 2019 was released by the Hurun Research Institute.
- The list is a ranking of the world’s billion-dollar tech start-ups that were founded in the 2000s and not yet listed on a public exchange.
- Government bans import of the National Flag
- The government has banned the import of National Flag from across the border by amending the import policy.
- The move by the Ministry of Commerce and Industry Government aimed to support khadi artisans.
- Reason: Ban on import of National Flag is because the importers are violating import policy norms by importing machine-made flags.
- According to the specifications under Part 1, Section 1.2 of Flag Code of India, 2002, the National Flag of India must be made of hand-spun and handwoven wool.
- Kerala government extends maternity leave benefits to teachers
- Kerala Government has extended the benefits of maternity leave to teachers and other staff of private educational institutions.
- Kerala has become first states in India to give maternity leave facility in the private educational sector.
- The union government has already approved the scheme by Kerala government. Now, private schools’ male teachers will be able to avail 26 weeks’ maternity leave.
- Shirui Lily Festival inaugurated in Manipur
- Union Minister of State (Independent Charge) for Tourism and Culture Prahlad Singh Patel inaugurated Shirui Lily Festival, 2019 at ShiruiVangayan Ground of Ukhrul in Manipur.
- Mr Patel along with State Chief Minister N. Biren Singh inaugurated the Strength of Unity Statue as a mark of opening the third edition of the four-day state festival
- Shirui Lily is the rare, pink-white flower is only found in this area, and is also known as Siroy Lily, or LiliumMacklinae. Named after Jean Macklin, who supposedly spotted these flowers back in 1946
- UP to organize Indias first KHON Ramlila programme
- Uttar Pradesh State government is planning to organize India’s first training and performance program of world-famous KHON Ramlila.
- It is a masked form of Ramlila art of Thailand.
- The program will be organized by the Culture Department of Uttar Pradesh in collaboration with the Thai government.
- The program will be organized on the 26th of October.
- The participating artists will get training from experts in Thailand as part of the cultural exchange program between the two countries.
- Bengaluru to host the 5th Edition of World Coffee Conference
- Bengaluru has been selected to host the 5th Edition of World Coffee Conference from 7-9 September 2020. International Coffee Organization (ICO) that functions under the United Nations.
- The Ministry of Commerce & Industry, Government of India, will host the 3-day event.
- The theme of the conference is Sustainability Through Consumption.
- The conference will celebrate all things of coffee in an immersive experience.
- The conference will be addressed by international speakers, coffee exhibition.
Banking & Finance
- IMF slashes India’s GDP growth forecast to 6.1% from 7% for FY20
- The International Monetary Fund (IMF) slashed India’s GDP growth projection for the year 2019 to 6.1 per cent, which is 1.2 per cent down from its April projections
- IMF, in its latest World Economic Outlook, projected that the Indian economy is expected to grow at 7.0 per cent in 2020.
- The World Bank in its latest edition of the South Asia Economic Focus said India’s growth rate is projected to fall to 6 per cent in 2019 from 6.9 per cent of 2018.
- World Bank reported that India had halved its poverty rate
- World Bank reported that India achieved annual growth, exceeding 7% in the past 15 years. The country has put efforts to pull millions of people out of poverty.
♦ In the past 30 decades, India has halved its poverty rate.
♦ Great improvements in most human development outcomes has been highlighted by the World Bank.
♦ The report also said that growth is expected to continue, and the elimination of extreme poverty in the next decade.
Business & Economy
- CCI approves Kora to invest on Edelweiss Securities
- The Competition Commission of India (CCI) approved the Kora Master Fund LP investment of $75 million up to 10% in Edelweiss Securities Ltd.
- US-based Kora signed an agreement with Edelweiss in August 2019. As per the share subscription agreement, Kora is to invest in Edelweiss Securities Ltd (ESL) and Edelweiss Global Investment Advisory (EGIA) business subsidiaries.
- Kora Master Fund LP: Kora is a foreign portfolio investor. The principal activity of Kora is investment holding and related.
- Ericsson, Qualcomm demonstrated Indias 5G video call using mmwave
- Swedish-based Ericsson and American-based Qualcomm demonstrated India’s first-ever live 5G video call using millimeter-wave (mmWave) spectrum. Ericsson partnered with Qualcomm to push 5G technology in India.
♦ The 5G video call demonstration was completed using Qualcomm’s smartphone based on Snapdragon 855 mobile platform and Ericsson’s 5G platform.
♦ The demonstration was held at the 2019 India Mobile Congress (IMC) event in New Delhi on 15 October.
- Indian women’s football team clinches SAFF U-15 title
- India beat Bangladesh 5-3 on penalty shoot-out to win the SAFF U-15 Women’s Championship title
- Final of the SAFF U-15 Women’s Championship held at the Chalimithang Stadium in Thimphu, Bhutan
Appointment & Resignation
- Sajjan Jindal elects World Steel’s Vice Chairman
- Global steel federation World Steel has appointed Sajjan Jindal as Vice Chairman of the organization. He will take charge for the next year.
- Chief of ArcelorMittal group L N Mittal and Tata Steel CEO and MD T V Narendran have also appointed as its members.
- Apart from this, the board also elected a 14 member executive committee.
Award & Honors
- Lionel Messi wins sixth Golden Shoe Award
- Lionel Messi has won European Golden Shoe for the sixth time and third consecutive year. He earned this award because of his 36 goals this year.
- He has become the first International footballer who won this award for three consecutive years.
- Ronaldo won this award two times in 2014 and 2015.
- ICMR awarded 46 scientists in biomedical research
- The Indian Council of Medical Research (ICMR) awarded 46 biomedical scientists for their work in the area of health research to solve various health issues.
- The awards were presented by Union Health Minister Harsh Vardhan.
♦ A total of 39 awards for 2017 and 2018 were presented to 46 scientists, including 14 women scientists.
♦ Among the 39 awards, two awards were given to scientists who belong to underprivileged communities.
- Abhijit Banerjee & Esther Duflo’s new book ‘Good Economics for Hard Times – Better Answers to our Biggest Problems’ set to release in November
- Indian-American economists Abhijit Banerjee and his wife Esther Duflopenned a book together.
- The book titled ‘Good Economics for Hard Times – Better Answers to our Biggest Problems’, the book is set to release in November 2019
- Abhijit Banerjee and Esther Duflo won the Nobel Prize in Economic Sciences 2019 on October 14 “for their experimental approach to alleviating global poverty.”
Science, Space & Technology
- IIT Madras to collaborate with ExxonMobil for research in Energy and Biofuels
- IIT Madras will collaborate with ExxonMobil on Research in Energy and Biofuels.
- The five-year joint-research agreement focuses on biofuels, data analytics, gas conversion and transport, and is intended towards finding low-emission solutions
- ExxonMobil has spent more than $9 billion since 2000, developing and deploying lower-emissions energy solutions.
- India is the 3rd highest producer of agro-residues globally with the surplus potential of over 230 million tonnes per year after China and Brazil
- The ‘new biofuel policy’ of Government of India targets to convert the country’s biofuel industry into a $15.6 billion economy
- IIT graduate invented PM 2.5 to curb air pollution
- Debayan Saha, an Indian Institutes of Technology (IIT) Kharagpur graduate, has invented a device called PM 2.5.
- The device aims to curb air pollution. The device, when fitted near the silencer pipe in vehicles, will curb air pollution.
♦ PM 2.5 technology uses a combination of electric energy and wave energy.
♦ This will influence the pollutants like PM 2.5 by attracting other particulate pollutants from the ambient atmosphere.
- International Day for the Eradication of Poverty
- International Day for the Eradication of Poverty celebrated every year on October 17
- The day promotes people’s awareness of the need to eradicate poverty and destitution worldwide, particularly in developing countries..
- The theme of this year is ‘Acting together to empower children, their families and communities to end poverty’.