India-US Ocean Dialogue held in Goa
- Goa has going to host the India-US Ocean Dialogue beginning that has started from Wednesday, the state department has said. The dialogue, has been set with the aim of promoting sustainable development of the Blue Economy, is being hosted by the Indian Ministry of External Affairs at the Council of Scientific and Industrial Research-National Institute of Oceanography (CSIR-NIO) in Goa.
- Acting Assistant Secretary of State for the Bureau of Oceans and International Environmental and Scientific Affairs, Judith Garber will head as the high-powered American delegation.
- Garber will be joined by Dr. Sunil Kumar Singh, Director of CSIR-NIO, and Joint Secretary Americas Division, from the Ministry of External Affairs Munu Mahawar.
- She has also be taken the part in the Blue Economy, cooperation in sustainable marine resource management, fisheries governance, marine pollution, maritime law enforcement, and scientific research, State Department said.
- By the statement of World Bank, the Blue Economy is sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health.
- The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean
- Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC.
- Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles’ Hollywood is famed for filmmaking
- Capital: Washington, D.C.
- Dialing code: +1
- President: Donald Trump
President of India inaugurates Global Clubfoot Conference in New Delhi
- The President of India, Shri Ram Nath Kovind, inaugurated the Global Clubfoot Conference being organised by the CURE India in partnership with the Ministry of Health and Family Welfare, Government of India, in New Delhi today.
- On the occasion of the event the President said that clubfoot is one of the most commons the most common and important orthopedic birth defects. If the treatment of this has not started in the starting then it can defect the permanent disablity. This affects the child’s mobility and confidence. Inevitably, education and schooling suffer because of this the child can not concentrate in that.
- The President said, “In India the burden of disability affects more than 10 million people. The differently-abled or Divyang as we call them deserve equal opportunities in all avenues of life. Mainstreaming their social and professional experience is a commitment for all of us. Having said that, many of these disabilities are preventable or curable – which is often forgotten. Prevention, treatment and mainstreaming have to go in parallel.”
- The President said, “India is proud to have eradicated new cases of poliomyelitis. Polio was once a serious cause of loco-motor disability, but over the past six years we have not had a single case of paralytic poliomyelitis. This has been a major milestone in the history of public health not only in India but globally. It must motivate us to work towards eliminating other disabilities and other diseases and take on the challenge of clubfoot.”
- The President said that he is happy because the local hispitals are getting partnership with the CURE International India to reach out to as many children as possible. This program has now started in 29 states of India. In the term of success we cxan not avoud the cure that is only 8,000 fresh cases are brought into the ambit of treatment every year. This is a small number if one considers the 50,000 children who are born annually in India with clubfoot. In 2022, India completes 75 years of its Independence. It should be a national resolve that by then every child born with clubfoot gets access to treatment services as soon as the condition is diagnosed.
Delhi to host 9th global green film festival
- The ninth edition of CMS Vatavaran – an international film festival on environment and wildlife has started from Thursday, showcasing 113 films, including four from Kashmir that is one of the most common region that has affected by the global warming.
- “The “Conservation 4 Water”-themed five-day gala at Gandhi Smriti and Darshan Samiti will also have seminars, workshops, exhibitions and an award ceremony focusing on the environmental, social and economic aspects of water conservation,” according to a statement.
- The festival “aims to create awareness and sensitize people through films and discussions regarding water conservation and the inter-connectedness of climate change and water, water struggles in a world dealing with global warming, climate variability, bio-diversity loss, and environmental damage”, the statement said.
- This event has been given the sponsored and given the promotion by the Ministry of Environment Forest and Climate Change, National Geographic, UNESCO, UNDP and WWF.
- The statement said that the films nominated from Kashmir mark “the transition of Kashmiris’ thought process of being environmentally inclined”.
Maximum age of joining NPS increased from 60 to 65 years: Finance Ministry
- There has been the pension scheme of the country that has been yet started that has extended, the maximum age for joining the National Pension System (NPS) has been raised from 60 years to 65 years for individuals who are not government employees, the finance ministry said on Wednesday.
- “Those eligible include corporate employees and self -employed. The move by the Pension Fund Regulatory and Development Authority (PFRDA) will enable people aged between 60 and 65 years to join NPS and make contributions to it until they turn 70,” the ministry said in a statement.
- “The subscriber joining NPS beyond the age of 60 years will have the same choice of the Pension Fund as well as the investment choice as is available under the NPS for subscribers joining NPS before the age of 60 years,” the statement said.
- “Subscriber joining NPS after the age of 60 years will have an option of normal exit from NPS after completion of 3 years in NPS. In this case, the subscriber will be required to utilize at least 40% of the corpus for purchase of annuity and the remaining amount can be withdrawn in lump-sum,” the statement said.
- “If a subscriber wants to exit from NPS before the completion of three years, he/she will be allowed to do so. In such a case, the subscriber will have to use at least 80% of the corpus to purchase an annuity and withdraw the remaining,” it added.
- The Ministry of Finance is an important ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department
- Formed: 29 October 1946
- Jurisdiction: Government of India
- Headquarters: North Block, Cabinet Secretariat, Raisina Hill, New Delhi – 110 001
- Cabinet minister: Arun Jaitley
- Minister of state: Santosh Gangwar, Arjun Ram Meghwal
- Programs: Pradhan Mantri Jan Dhan Yojana,
India leaps 30 places to 100th rank in World Bank’s ‘ease of doing business’ index
- India has ranked himself on 100th rank among 190 countries, before this was on 30th rank back and now ahead in the latest edition of the World Bank’s global rankings on Ease of Doing Business. By the report of World Bank Ease of Doing Business 2018 report, India has comes among the top 10 countries that have marked an improvement this year, moving up on eight out of 10 Doing Business indicators.
- The World Bank said the India has cleaned its improvement for the rank in the field of “protecting minority investors”, “getting credit”, “paying taxes” and “resolving insolvency” but it continues to lag in areas such as “starting a business”, “enforcing contracts” and “dealing in construction permits”.
- “In starting a business, India has reduced the time needed to register a new business to 30 days now, from 127 days 15 years ago. However, the number of procedures is still cumbersome for local entrepreneurs who still need to go through 12 procedures to start a business in Mumbai, which is considerably more than in OECD high-income economies, where it takes five procedures on an average,” the release said.
- Annette Dixon, Vice President, South Asia region, World Bank said, “This is a significant improvement in rankings and is a result of a number of reforms which have been implemented by the government in 8 out of the 10 areas that Doing Business collects its indicators for…the significant jump this year is a result of the Indian government’s consistent efforts over the past few years.’’
- “India ranks among the top 5 in the world for protecting minority investors and in top 30 in three indicators of protecting minority investors, getting credit and getting electricity,” Dixon said. “India’s efforts have been instrumental in helping to close the gap towards international best practice. Not only India has moved in its relative ranking to other countries, it’s also moving up in its absolute ranking in terms of distance to frontier metric,” Dixon said.
- The World Bank is an international financial institution that provides loans to countries of the world for capital programs
- President: Jim Yong Kim
- CEO: Kristalina Georgieva (2 Jan 2017–)
- Headquarters: Washington, D.C., United States
- Subsidiaries: International Finance Corporation, MORE
- VPs: Antonella Bassani (Budget, Performance Review, Strategic Planning), MORE
- Parent organization: United Nations
Indian Air force contingent leaves for Israel to participate in ‘Ex Blue Flag-17’
- A 45 member of the contingent of the Indian Air Force has left for Israel on Wednesday for taking part in the exercise ‘Blue Flag-17’. Blue Flag is a bi-annual multilateral exercise which has the main aim of the strengthen military cooperation amongst participating nations.
- Indian Air Force has going to take the participate with the aircraft C-130J special operations aircraft along with Garud commandos. This excercise has been taken to give the knowledge, combat experience and in improving operational capability of the participating nations.
- The exercise has going to hold at Uvda Air Force Base in Israel from 02-16 Nov 17. The team consists of personnel from various combat elements of the IAF and is led by Gp Capt Maluk Singh VSM.
- This is the first time the Indian Air Force is operating with Israeli AF in a multilateral exercise setting. Exercise Blue Flag gives opportunity to the IAF to share and learn best practices with some of the best professionals from other Air Forces.
- The Indian Air Force is the air arm of the Indian armed forces
- Its complement of personnel and aircraft assets ranks fourth amongst the air forces of the world
- Helicopter: Dhruv, Chetak, Cheetah, Mi-8, Mi-17, Mi-26, Mi-25/35, HAL Light Combat Helicopter, HAL Rudra
- Motto: नभः स्पृशं दीप्तम् (Sanskrit); IAST: Nabhaḥ Spr̥śaṁ Dīptam; (Touch the Sky with Glory)
- Headquarters: New Delhi
- Founded: 8 October 1932, India
- Fighters: Sukhoi Su-30MKI, Dassault Mirage 2000, Mikoyan MiG-29, HAL Tejas, Mikoyan-Gurevich MiG-21
- Transports: Boeing C-17 Globemaster III, Ilyushin Il-76,
China, ASEAN hold joint naval drills
- China and members of the Association of Southeast Asian Nations (ASEAN) has started their one of the biggest, joint maritime rescue exercise, signaling a lull in South China Sea tensions.
- In the drill there has been collision between the Chinese passenger ship and a Cambodian cargo vessel off south China’s Guangdong province.
- In there has been the participants were the 1,000 rescuers aboard 20 ships and three helicopters, according to reports in Chinese state media late last night. China, Thailand, the Philippines, Cambodia, Myanmar, Laos and Brunei took part, with Vietnam notably absent.
- In this exercise has comes with the meeting with the Chinese and Singaporean defense ministers on the sidelines of the 11th ASEAN Defense Ministers’ Meeting in the Philippines last month.
- The Association of Southeast Asian Nations is a regional intergovernmental organisation comprising ten Southeast Asian states which promotes Pan-Asianism and intergovernmental cooperation and facilitates
- Headquarters: Jakarta, Indonesia
- Founded: 8 August 1967
- Members: Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei
- Members: Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei
- Founders: Adam Malik, Thanat Khoman, Narciso Ramos, S. Rajaratnam, Abdul Razak Hussein
Banking and Finance
Govt fixes Sovereign Gold Bond rate at Rs 2,945 per gram
- The purchase price for the Sovereign Gold Bond (SGB) series has been going to open from Monday and has decided to put the Rs 2,945 per gram, the Reserve Bank said on Friday.
- The subscription for this bond will start from Monday to Wednesday every week. The government, in consultation with the RBI, has also decided to offer a discount of Rs 50 per gram to investors applying online and making the payment digitally.
- “For such investors, the issue price of the Gold Bond will be Rs 2,895 per gram of gold,” the central bank said while announcing the issue price for Sovereign Gold Bond 2017 -18 Series-VI.
- “For the subscription period from October 30 to November 1, the nominal value of the bond works out to Rs 2,945 per gram,” the RBI said.
SBI cuts benchmark lending rate by 0.05 pc across maturities
- State Bank of India (SBI) has cut down the mark by the 0.05 per cent across maturities, effective from Wednesday, according to an announcement by the state-run lender.
- The subtraction in the marginal cost of funds based lending rate (MCLR) by the largest Indian bank, last made on January 1 this year, and that has been brought by the MCLR down to 7.95 per cent from 8 per cent, the SBI website said.
- The MCLR of the overnight has been 70 per cent from 7.75 per cent, while the rate for three-year tenures has been lowered from 8.15 per cent to 8.10 per cent.
- On Tuesday, one more public sector lender, the Kolkata-headquartered Allahabad Bank reduced their MCLR rate by 0.15 per cent across maturities. The reduction has brough down the one-year MCLR to 8.30 per cent, as against 8.45 per cent, effective November 1.
- State Bank of India is an Indian multinational, public sector banking and financial services company
- It is a government-owned corporation with its headquarters in Mumbai, Maharashtra
- Customer service: 1800 425 3800
- Headquarters: Mumbai
- Founded: 1 July 1955
- Owner: Government of India (61.23%)
- Capital ratio: 13.12% (2016)
- Subsidiaries: SBI Cards, State Bank of Hyderabad
AIIB grants Rs. 13,000 cr loan to Andhra Pradesh
- China-sponsored Asian Infrastructure Investment Bank (AIIB) on Tuesday has given the approval for the USD 2 million loan (Rs. 13,000 crores) for five project in Andhra Pradesh.
- Just before the month ago the state government had sent proposals to the Union Government has taking the guage on trhe two project that contains the two roads and buildings department, one each for rural safe drinking water department, municipal and urban development department and Panchayat Raj department.
- AIIB senior investment operations specialist Hari Bhaskar, senior social development specialist Somnath Bash, senior procurement specialist Giocomo Ottolini, consultant Yitzhak Kammi, state municipal and urban development secretary Karikala Vallavan, state finance secretary M Ravichandra and others attended the meeting.
- “The bank is willing to grant the loan, which led to today’s meeting. The bank team held elaborate discussion about the proposed projects,” said Dinesh Kumar.
- The Asian Infrastructure Investment Bank is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region
- Headquarters: Beijing, China
- President: Jin Liqun
- Membership: 58 Members; 22 prospective members
- Region served: Asia and Oceania
- Purpose: Crediting
- Main organ: Board of Governors; Board of Directors
- Legal status: Treaty
Science and Technology
Giriraj Singh launches MSME Samadhan Portal for delayed payments
- Union Minister of State (Independent Charge) Shri Giriraj Singh has launched the MSME Delayed Payment Portal – MSME Samadhaan (http://msefc.msme.gov.in) on Wednesday, by empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments by Central Ministries/Departments/CPSEs/State Governments.
- Shri Arun Kumar Panda, Secretary, Ministry of MSME with many of the officers and the senior officials from the Ministry were also present.
- Speaking on the occasion, Shri Giriraj Singh said, “The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 contains provisions to deal with cases of delayed payment to Micro and Small Enterprises (MSEs). As per the provisions, the buyer is liable to pay compound interest with monthly rests to the supplier on the amount at three times of the bank rate notified by Reserve Bank in case he does not make payment to the supplier for the supplies of goods or services within 45 days of the day of acceptance of the goods/service or the deemed day of acceptance.”
Geeta Phogat wins Gold in All India Police Championship
- Indian wrestler Geeta Phogat, who has given the India’s first-ever gold medal in women’s wrestling at the Commonwealth Games in 2010, has won a gold medal at the All India Police Championship 2017.
- The 28-year-old, Geeta Phogat whose life was portrayed in the Bollywood movie ‘Dangal’, returned to wrestling after her stint on the Rohit Shetty-hosted show ‘Khatron Ke Khiladi’.
Awards and Recognitions
K Satchidanandan selected for Ezhuthachan Puraskaram
- Ezhuthachan Puraskaram, the top literary prize of the State government of the year 2017 has been given to poet-critic K. Satchidanandan.
- The award has been given and announced on Wednesday by Culture Minister A.K. Balan. Satchidanandan was chosen by a committee chaired by Kerala Sahithya Akademi president Vaishakhan. The award contains the cash prize of ₹5 lakh and would be given away at a date to be finalised later.
- He has served as the Indian government’s Department of Higher Education and to the National Translation Mission. He has also served as director of the School of Translation studies at IGNOU. He has also edited the ‘Katha Library of Indian Literature,’ ‘The Library of South Asian Literature,’ ‘Beyond Borders,’ a journal of South Asian literature, ‘Jwala’, ‘Utharam’ and ‘Pachakkuthira”.
Former Ghana star Abubakar dies at the age of 36
- The Ghana Football Association has stated that the player Yakubu Abubakar, who represented the Black Stars in their qualifying matches for the year 2006 World Cup, has died at the age of 36 year old at city Tema on Tuesday afternoon.
- “We’re sad to hear the death of former Ghana, Ajax and Vitesse midfielder Abubakar,” tweeted Ghana’s FA. “Our thoughts are with his family. May his soul RIP.”
- In the year 2002-03 season, he played five times in the European Champions League as Ajax reached the quarter-finals before bowing out against eventual winners Milan.