CVC to launch new ‘integrity index’ to rank govt departments over anti-corruption measures
- The Central Vigilance Commission has been given the rank on the central government organisations on anti-corruption measures by given in the rank by the office, an official release said on Wednesday.
- “The CVC has decided to go in for development of the integrity index-based on bench-marking of internal processes and controls within an organisation as well as the management of relationships and expectations of outside stakeholders,” it said.
- “The integrity index will bring out annual scores and rankings of public sector undertakings, public sector banks and financial institutions, departments and ministries of the Government of India by linking the essential drivers of vigilance with long-term efficiency, profitability and sustainability of public organisations,” the release said. “The index is aimed to create an internal and external ecosystem that promotes working with integrity in public organisations,” it said.
- “The CVC has adopted a research-based approach for creating an integrity index that various organisations can use to measure themselves and which will evolve with changing needs and with this view the IIM-Ahmedabad has been engaged to develop the integrity index,” it said.
Tamil Nadu CM lays foundation stone for Rs 198 cr Aerospace Park
- Tamil Nadu government on Wednesday has establish the foundation of the some of the aerospace park in neighboring Kanchipuram district, a facility which has been assuming to get the Rs 1,000 crore as investment in five years and create over 30,000 jobs.
- Chief Minister K Palaniswami has headed the foundation stone for the aerospace park at Vallam-Vadakal SIPCOT Industrial Park premises in Sriperumbudur Taluk and gave away land allotment orders to nine companies.
- “The aerospace park would have engineering and allied industries for manufacture of aerospace components and Wednesday’s initiative was part of the government’s ongoing push for industrialisation in the state,” an official release here said.
- “The facility would come up over 245 acres of land at an estimated cost of Rs 198 crore and was being implemented by State Industries Promotion Corporation Ltd (SIPCOT) and Tamil Nadu Industrial Development Corporation Ltd (TIDCO). About 50 companies are expected to set up their units here even as efforts are on to attract global aviation firms to Tamil Nadu” the release said.
- “To further aid the aviation industry, the government has also proposed to set up a Computing and Designing Centre. The proposed Rs 350 crore centre would have among others, avionics manufacturing facility, skill development centre and components designing unit. The Tamil Nadu government was keen on promoting aerospace and military hardware industries” the release said.
- Tamil Nadu, a South Indian state, is famed for its Dravidian-style Hindu temples
- In Madurai, Meenakshi Amman Temple has high ‘gopuram’ towers ornamented with colourful figures
- On Pamban Island, Ramanathaswamy Temple is a pilgrimage site
- The town of Kanyakumari, at India’s southernmost tip, is the site of ritual sunrises
- Capital Chennai is known for beaches and landmarks including 1644 colonial Fort St. George.
- Capital: Chennai
- Formation: 26 January 1950†
Deadline for linking Aadhaar with government schemes extended to March 31, 2018: Centre to SC
- The last of the link of the Aadhaar card for the pan card that will gives the benefit for the many of the government offers has been extended till the March 31 next year for those who do not have the 12-digit biometric identification number, the Centre today told the Supreme Court.
- “We (Centre) have decided to extend it till March 31, 2018,” Attorney General K K Venugopal told the bench, which also comprised Justices A M Khanwilkar and D Y Chandrachud.
- In a note given to the court, the government has said that “those who have Aadhaar are required to seed/link their Aadhaar with SIM card, with bank account, PAN card and other schemes where section 7 notifications have been issued”.
- “The government will be open for the deadline for linking Aadhaar to various programmes being extended for another three months till March 31, 2018 for those who do not have Aadhaar,” the note said.
- It said that persons, who do not have Aadhaar and are willing to enrol for it, “will be facilitated to enroll for Aadhaar and will be provided benefits and services through alternate means of identification untill such enrollment.”
- “This case is crying for final hearing since long,” he said, adding that now even Central Board of Secondary Education (CBSE) has asked students to give their Aadhaar for appearing in board examinations.
- “What are they (government) doing? A school children can not go to school and give his exams without giving his Aadhaar. Is this the civil liberty we are talking about in the country,” Divan said while repeatedly urging the bench that a full-fledged hearing was necessary in the main matter.
- “They say extension till March next year will be only for those who do not have Aadhaar and are willing to enrol for it. They cannot compel us to link Aadhaar,” he said, adding “they can make a statement that they will not take coercive action against those who don’t want to link Aadhaar”.
- Regarding the issue of data protection regulation, the bench observed, “there are large number of working rules and if they will rush, we might have a poor data protection regulation. Countries across the world are struggling to have a data protection mechanism”.
- “They should also suggest changes that may be required, if any, to other allied legislation such as the Aadhaar Act 2016 or the Information Technology Act 2000,” the note said, adding that the next meeting of this expert committee would be held on November 7.
Power Minister R.K. Singh addresses the 3rd Global Investors’ India Forum
- The road map that is of the power sector, power and new and renewable energy minister Raj Kumar Singh on Thursday pitched for leveraging the direct benefits transfer (DBT) scheme in the electricity sector for better targeting of subsidies.
- “You want to meet subsidies for these sectors; you do it through the direct benefit transfer. As far as electricity is concerned, it needs to be metered, bills need to be raised, and bills need to be paid. And whatever subsidy you want to give to any category of consumer, you give it through the direct benefit transfer, so that the efficiencies or inefficiencies of discoms are clear,” said Singh while inaugurating Assocham Global Investors’ India Forum.
- “There is no such thing as free electricity. You want electricity; you have to pay for it. You want to subsidise the farmer? Fine, subsidise the farmer. Therefore, instead of farmer, you have to pay. And that is something which I have been pressing and that’s a major requirement,” Singh added.
- “Because if we won’t do that, if we don’t recover the price of electricity we distribute, then five years down the line, discoms will be dead again…So that is something which is occupying us and I tend to carry the states along with this. So, that is again something that I will be discussing on the 10th and 11th with the states,” Singh said.
- “We are going to make certain that the payments of bills are on time by going for smart metering and prepaid metering. And we are also going to push for wherever feasible, privatisation. We are going to separate carriage and content. That is again something, which is going to happen,” Singh said.
- “So, it cannot be that the lowest tariff is, let’s say, Rs1.5 per unit and the highest tariff is Rs7 per unit. It can’t be. We will agree on a band, may be 20%-25% but that’s it. Because until and unless you make the tariff for industry also competitive, our industry can’t grow,” Singh said.
Odisha government starts work to prepare 2nd phase of SCCAP
- The Odisha government has started the term of the second phase of the State Climate Change Action Plan (SCCAP) with an outlay of about Rs 31,667 crore for the next five years, official sources said today.
- For the coming program wise review of the activities taken up so far, the chief secretary directed officials of the forest and environment departments to make an assessment of the benefits derived from the first phase of the SCCAP implemented from 2010-11 to 2015-16.
- “The departments have been asked to come up with innovative projects for convergence of funds from different sources,” Padhi said, adding that the five-year SCCAP would be implemented with an estimated outlay of about Rs 31,667 crore.
- “The meeting resolved to set up a regular follow up and outcome assessment unit to ensure result oriented utilisation of fund to be spent for the purpose.
- A two-pronged approach was planned to deal with the changing climate. These were adaptation and mitigation,” additional chief secretary in charge of the Forest and Environment Department S C Mohapatra said.
Chile named best country to visit in 2018
- There’s the one of the two month has remain in this year that is 2017, it means there will be the time of the think of the next year. What will you change? What will you do? Most importantly, where will you go?
- There is the travel guide publisher Lonely Planet is here to help with their just-released annual report for the best in travel — highlighting must-see destinations and experiences for 2018.
- “From Alaska to South Africa, our community of travel experts have named the top places travelers should experience,” said Lonely Planet’s U.S. magazine managing editor Alex Howard in a statement. “Whether they’re coming into their own, celebrating an anniversary or have seen a resurgence in recent years, all these destinations are worth a visit in 2018. Popular travel hot spots like Portugal made the list, alongside up-and-coming places like Guanajuato, Mexico.”
- So, where should you be going? Chile topped the list for the top country to visit in 2018. “Chile has so much to offer travelers next year as it gears up to celebrate 200 years of independence,” said South America destination editor MaSovaida Morgan. “While it’s no secret the Atacama Desert has been gaining prominence as a stargazing mecca, Torres del Paine National Park is more accessible than ever, and its trendy capital of Santiago’s food and art scenes are soaring.”
India grants USD 585,000 aid to Sri Lanka University
- India on Wednesday has given the equipment and vehicles worth USD 585,000 to a university in Sri Lanka’s Tamil-dominated north as part of its development partnership with the country in the field of higher education.
- “In addition to provision of equipment, vehicles, the Government of India will also provide support for curriculum development, faculty exchanges, training and research,” the statement said.
- “The project will benefit students pursuing professional courses in Agriculture and Engineering by providing them better facilities and improved learning environment,” it added.
- “The assistance package was given to develop agriculture as well as an engineering faculty on the Killinochchi campus of University of Jaffna,” Indian High Commission said in a statement.
BANKING AND FINANCE
SBI foundation among seven shortlisted companies given LOI under Adopt a Heritage Scheme
- Seven shortlisted companies had given the ‘Letters of Intent’ for fourteen monuments under ‘Adopt a Heritage Scheme’ of Ministry of Tourism at the closing ceremony of ‘Paryatan Parv’ at Rajpath Lawns, New Delhi yesterday. These all the companies will made the future ‘Monument Mitras’ who would associate pride with their CSR activities.
- SBI Foundation shortlisted for the adoption of –
o Jantar Mantar, Delhi.
- TK International Limited shortlisted for the adoption of –
o Sun Temple, Konark
o Raja Rani Temple, Bhubaneshwar
o Ratnagiri Monuments, Jajpur, Odisha
- Yatra Online Pvt. Limited shortlisted for the adoption of:
o Hampi, Karnataka
o Leh Palace, Jammu & Kashmir
o Qutub Minar, Delhi
o Ajanta Caves, Maharashtra
- Travel Corporation of India Ltd. shortlisted for the adoption of:
o Mattancherry Palace Museum, Kochi
o Safdarjung Tomb, Delhi
- Adventure Tour Operator Association of India shortlisted for the adoption of :
o Gangotri Temple Area and Trail to Gaumukh
o Mt. StokKangri, Laddakh, Jammu and Kashmir
- Special Holidays Travel Pvt. Ltd. (With) Rotary Club of Delhi shortlisted for the adoption of Agrasen ki Baoli, Delhi
- NBCC shortlisted for the adoption of Purana Quila, Delhi.
IDFC to exit $2.6 billion infra, PE funds business
- IDFC has initiated the work of the new of the infrastructure and private equity funds management business, IDFC Alternatives, which has assets worth Rs 17,000 crore ($2.6 billion).
- “This could lead to the senior management of IDFC Alternatives spinning it out as an independent entity backed by one of its global sponsors,” people directly aware of the matter said.
- “IDFC Alternatives consists of three asset classes — infrastructure, real estate and generic private equity investments — and has been one of the longest running risk investment managers in the country. IDFC’s move to exit the franchise is independent of its ongoing merger discussions with Shriram Group, though the alternatives business would not have found place in the proposed combine,” sources said.
- Sources mentioned earlier in the report said, “IDFC would run a sale process, though the likelihood of the M K Sinha-led management spinning out as an independent investment manager with the support of existing global sponsors was a strong possibility. Sinha and his team have been on investment mode in infrastructure verticals like roads, renewable energy and power transmission and distribution.”
- DFC Bank Ltd. is an Indian banking company with headquarters in Mumbai that forms part of IDFC, an integrated infrastructure finance company
- The bank started operations on 1 October 2015
- Headquarters: Mumbai
- CEO: Rajiv Lall (1 Oct 2015–)
- Founded: October 2015
- Number of employees: 4,028 (2017)
- Subsidiaries: Grama Vidiyal, IDFC Capital Limited, MORE
- Parent organizations: Infrastructure Development Finance Company, IDFC Financial Holding Company Limited
Science and Technology
Indian Navy approves new mission-based deployment plan
- Top naval commanders has announced the new plan for deployment of warships in the Indian Ocean region to effectively counter China’s growing presence in the strategically key waters.
- The “new mission-based deployment” plan involves deploying mission-ready ships and aircraft along critical sea lanes of communications, Navy sources said.
- The issue of China’s growing assertiveness in the Indian Ocean figured prominently on the second day of the four-day long naval commanders conference.
- Chief of Army Staff Gen Bipin Rawat and Chief of Air Staff Air Chief Marshal B S Dhanoa addressed the conference during which they deliberated on a host of issues including deeper integration in functioning of the three forces.
- On the new deployment plan, the sources said, “Chief Admiral Sunil Lanba has approved a new transition cycle for ships from maintenance periods to operational deployments that allows for a focused and gradual transition of ships from periods of maintenance layoffs to full scale operations.”
- The Indian Navy is the naval branch of the Indian Armed Forces
- The President of India is the Supreme Commander of the Indian Navy
- The Chief of Naval Staff, a four-star Admiral, commands the navy
- Motto: शं नो वरुणः (Sanskrit); Sham No Varunaḥ (IAST); May the Lord of the Water be auspicious unto us (English)
- Garrison/HQ: Integrated Headquarters, Ministry of Defence (Navy)
- Vice Chief of the Naval Staff (VCNS): Vice Admiral Karambir Singh, AVSM
- Founded: 5 September 1612
- Chief of the Naval Staff (CNS): Admiral Sunil Lanba, PVSM, AVSM, ADC
- Engagements: World War II, World War I, MORE
Kochi Tuskers win arbitration against BCCI
- Kochi Tuskers have set the win against the Board of Control for Cricket in India (BCCI) over wrongful term national from the IPL. The now scrapped franchise has asked to be paid Rs 850 crore in compensation.
- “Kochi Tuskers has demanded Rs 850 crore as compensation. Today we discussed the matter at IPL GC (Governing Council) meeting and we will now place the matter before general body. Let them take a call but obviously some negotiations are needed,” IPL chairman Rajiv Shukla said after the meeting. Earlier in the year, during negotiations, BCCI had reportedly offered to pay Rs 460 crore to the owners which was rejected.
- “We have to pay Kochi compensation. All legal options have been exhausted. Normally when arbitration decision goes against you, it will be stupid to move Supreme Court appealing against it. We have no option but question is how much,” an IPL GC member was quoted as saying by the report.
- “It was one man’s obstinacy that is now costing us a bomb. Had Shashank not taken that decision, we could have worked our way out. In fact, before Kochi went to arbitration, they had asked for a compensation of Rs 300 crore. Even then our officials showed arrogance and now we will be forced to shell out more than double,” the official further added.
- The Board of Control for Cricket in India is the national governing body for cricket in India
- The board was formed in December 1928 as a society, registered under the Tamil Nadu Societies Registration Act.
- President: Vinod Rai
- Chief Exec: Rahul Johri
- Headquarters: Mumbai
- Secretary: Amitabh Choudhary
- Vice president: Rajeev Shukla
- Founded: December 1928
AWARDS & RECOGNITION
South African Indian-origin couple Salim Abdool Karim and Quarraisha Abdool Karim wins top US award for AIDS research
- Professors Salim Abdool Karim and Quarraisha Abdool Karim, who is also the South African Indian-origin researcher couple has been honored on Wednesday with a prestigious award for their exceptional contributions in the field of HIV/AIDS.
- “To me, both these renowned individuals have made some of the greatest contributions in the history of HIV/Aids in public health and epidemiology relevant to prevention and care of infected people,” Gallo said in a statement.
- “I don’t know any person or persons who have done more to advance the proper care of people with HIV infection or the prevention of HIV infection among a population,” Mr Gallo said.
- “We accept the award not just on our own behalf, but in recognition of the resilience and contributions of the thousands of South Africans, who have been central, as participants in the research, to the ongoing effort to develop better and more effective HIV prevention and treatment strategies,” Salim Abdool Karim said.
International Animation Day
- On October 28, the International Animation Day (IAD) has been decided to celebrate by the year 2002 by the ASIFA as the main global event to celebrate the art of animation.
- This day commemorates the first public performance of Charles-Émile Reynaud’s Théâtre Optique at the Grevin Museum in Paris, 1892. In 1895, the Cinematograph of the Lumière brothers outshone Reynaud’s invention, driving Émile to bankruptcy.