NATIONAL UPDATES:
I. ‘Neeranchal’ programme gets cabinet
nod: The World Bank-assisted ‘National Watershed
Management Project’ or ‘Neeranchal’ received the approval for implementation by
the Union Cabinet. The project aims to fulfil the watershed component of the
PradhanMantriKrishiSinchaiYojana (PMSKY) to reduce surface runoff of rainwater,
increase groundwater levels and better water availability in rain-fed areas.
II. Government approves Rs 500 crore
project for war memorial, museum: Acceding to a
long-pending demand of the armed forces, the government approved a Rs 500 crore
project for building a National War Museum near India Gate in memory of over
22,500 soldiers who laid down their lives post-independence.
III. Union Cabinet approved Productivity
Linked Bonus for Railway Employees: It approved the
payments of Productivity-Linked Bonus (PLB) equivalent to 78 days’ wages for
the financial year 2014-15 to about 12.58 lakh non-gazetted railway employees
excluding RPF/RPSF personnel.
IV. Union Cabinet approved setting up
of three AIIMS under Pradhan Mantri Swasthya Suraksha Yojana at Nagpur
(Maharashtra), Manglagiri (Andhra Pradesh) and Kalyani (West Bengal).
V. Union Cabinet approved Framework
for Cooperation in Blue Economy between India and Seychelles: The
Union Cabinet chaired by PM Modi gave its ex-post facto approval to the
protocol for cooperation in the field of blue economy.
VI. SC refused to modify its order
limiting Aadhaar use to LPG, Kerosene and PDS.
VII. Union Cabinet approved Protocol on
Double Taxation Avoidance with Israel and Vietnam: The
Protocol provides for internationally accepted standards for effective exchange
of information on tax matters including bank information and information
without domestic tax interest.
VIII. High Level Anil Baijal panel
suggested Uniform Tax Treatment for CSR Works.
IX. National Green Tribunal directed
commercial vehicles entering Delhi to pay Pollution Tax in addition to toll
tax.
X. 83rd Air Force Day
observed across India: The Indian Air Force Day 2015 was
celebrated on 8th of October across India. This is the 83rd
celebration of the day that began in 1932.
INTERNATIONAL UPDATES:
I.
A R Rahman named Cultural
Ambassador for Seychelles: Oscar winning composer A R Rahman
has been named the Cultural Ambassador for Seychelles.
II.
UNCTAD released Trade and
Development Report 2015: The report titled ‘Making the
International financial architecture work for development’ was released at
UNCTAD headquarters in Geneva, Switzerland. The report says that India’s GDP
will grow at 7.5% in 2015.
III. American chemical company, DuPont
CEO Ellen Kullman announced retirement.
IV. Hoesung Lee elected as the Head of
Inter-governmental panel for Climate Change: The Korean
professor of economics of climate change, energy and sustainable development
was elected as the Head of the Inter-Governmental Panel for Climate Change at
its 42nd session in Dubrovnik, Croatia.
V. Swetlana Alexievich wins Nobel Prize
in Literature: She is a Belarussian journalist and prose
writer. She was given the award ‘for her polyphonic writings, a monument to
suffering and courage in our time’.
OTHER UPDATES:
FINANCE/BANKING:
I. RBI to be payment aggregator for
GST: The Finance Ministry released reports that the RBI
can act as the aggregator of payments, and businesses will have to mandatorily
register with the goods and services tax network (GSTN) portal to avail of
benefits of the new tax system.
SPORTS:
II. NCC National Games
declared open: The Director General of the National Cadet
Corps inaugurated the NCC National Games 2015 at DG NCC Camp, Delhi Cantt.
III. Cyclist Deborah
Herold became first-ever Indian to win five medals at Taiwan Cup: She became the 1st ever Indian cyclist to win
in women’s elite section.
IV. Russia retained
2015 Women’s European Volleyball Championship: Russia defeated Netherlands 3-0 to win its 19th
title.
AWARDS:
V. Indian firm Nualgi won Popular Choice Award at
Climate CoLab of MIT:
With this, Nualgi became the 1st Indian company to win the annual
MIT contest at Cambridge.
BOOKS AND AUTHORS:
VI. Book titled ‘The Courage to Act- A Memoir of a
crisis and its aftermath’ authored by Ben S Bernanke released.
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