Daily GK Updates - 9th October, 2017

                 NATIONAL UPDATES:

1. GoM Set Up to Review Composition Scheme:  A group of ministers (GoM) has been set up under Assam Finance Minister Himanta Biswa Sarma to make the composition scheme more attractive and also revisit GST rates on restaurants. The GST Council, chaired by Finance Minister Arun Jaitley had constituted the GoM.With only 15.50 lakh businesses out of the total 98 lakh registered under the goods and services tax (GST) regime opting for the composition scheme, the GST Council has decided to set up the GoM to examine measures to make it more attractive.

                   INTERNATIONAL UPDATES:

1.Rajesh Nath has been conferred the ‘Cross of the Order of Merit’, the highest civilian honour of Germany: Rajesh Nath, the managing director of VDMA India, has been conferred the ‘Cross of the Order of Merit’, the highest civilian honour awarded to individuals for their services to Germany. The award, also known as Bundesverdienstkreuz or Federal Cross of Merit was instituted in 1951 and is Germany’s only honour that is awarded to both Germans and foreigners for achievements in the economic, social, political or intellectual realms.

                                OTHER UPDATES:

BUSINESS/ECONOMY:

1. PNB MetLife Appoints Ashish Srivastava as MD & CEO: PNB MetLife India Insurance Company Ltd (PNB MetLife),a life insurer, has appointed Ashish Srivastava as a new Managing Director & Chief Executive Officer of the company.Prior to this elevation, Srivastava was an interim CEO at PNB MetLife. Srivastava joined PNB MetLife in 2013 as the Head of HR for the India business.

SPORTS:

1.India's Anupama Ramachandran wins World Open U-16 Snooker Championship: Anupama Ramachandran (India) has won the World Open Under-16 Snooker Championship title at St. Petersburg in Russia.In the Girls category, she defeated top seed Keerthana Pandian 3-1.In boy category, Dylan Emery of Wales has claimed the title.Total 73 cueists from across the world have participated in this championship.

2.Rafael Nadal wins 2107 China open title: Top-ranked 16-time Grand Slam winner Rafael Nadal (Spain) has won 2017 China 0pen title in Beijing.Rafael Nadal defeated Nick Kyrgios (Australia) 6-2, 6-1 to win his 6th ATP title of the year.In the women’s event, Caroline Garcia (France) defeated world no.1 Simona Halep(Romania) in straight sets of 6-4, 7-6 .