Daily GK Updates - 10th November, 2017

NATIONAL UPDATES:

1. Bengaluru has been adjudged as the best city among 45 cities for the confidence of its businesses in their ability to go digital: Bengaluru outranks San Francisco. San Francisco is ranked, followed by other two Indian cities, Mumbai and New Delhi. The survey was conducted by Economist Intelligence Unit(EIU). EIU conducted this survey in partnership with telecommunications firm Telstra Corp.

2. Bandhan Express: ‘Bandhan Express’ a passenger train between Kolkata and Bangladesh’s southwestern industrial city of Khulna was inaugurated on November 9, 2017. It is a fully air-conditioned passenger train and will run every Thursday from both Kolkata and Khulna. It is the second Indo-Bangla train service after the Maitree Express, which runs between Dhaka and Kolkata.

3. Delhi Government signed a twin city agreement with the Seoul (South Korea) Metropolitan Government: Its objective is to strengthen cooperation between two cities in the fields of the smart city, e-governance, climate change and transportation. The twin city agreement between Delhi and Seoul will come into effect after being approved by Union Government.

4. Odd-Even Scheme again in Delhi: The Delhi government announced that the odd-even scheme will be reintroduced in the national capital from November 13 to November 17. This comes after the Indian Medical Association (IMA) declared a state of public health emergency in Delhi. The Environment Pollution (Prevention and Control) Authority had declared that the pollution has reached ‘Severe Plus’ level or emergency condition.

5. Three-day Organic World Congress: A 3-day Organic World Congress, 2017 is being organized at India Expo Centre in Greater Noida. It will see the participation of 1,400 representatives from 110 countries, and 2000 delegates from India. The OWC is organized once every 3 years in a different country. Last edition took place in Istanbul, Turkey in 2014.

INTERNATIONAL UPDATES:

1. India again member of UNESCO’s Board: India has been re-elected as the member of the UNESCO’s executive board, its top decision-making body. The election was held at the 39th session of the General Conference of the UNESCO in Paris, France. In the General Conference, each country has one vote, irrespective of its size or the extent of its contribution to the budget.

2. EU Election Mission: The European Union Election Observation Mission was officially launched to monitor the general and provincial polls in Nepal which are scheduled for November 26 and December 7. Around 100 election observers from member countries of the EU have been deployed to oversee the polls in the Himalayan nation. The EU has allocated 3.5 million euro for the entire election observation process.

3. Prince of Wales, Charles Philip Arthur George arrived in New Delhi on a 2-day visit to India:  This visit is a part of their 10 day tour to Singapore, Malaysia, Brunei and India. This visit will be the 9th visit of the Prince of Wales to India. The visit is aimed at strengthening bilateral relations between the two nations.

4. Nordic-Baltic youth film festival: The Nordic-Baltic embassies are set to host the first ever youth film festival of the European nations at India Habitat Centre in New Delhi from 13 – 18 November 2017. The film festival is organized by Nordic-Baltic embassies in collaboration with the India Habitat Centre. The Nordic-Baltic countries are Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.

5. International Energy Agency (IEA) Ministerial meeting: International Energy Agency (IEA) Ministerial meeting was held in Paris, France. Energy security, clean energy technology and government-industry dialogue on investment and digitalization were the key focus areas for this meeting. Indian delegation to IEA Ministerial Meeting, Paris was led by Union Minister of State (Independent Charge) for Power and New & Renewable Energy, Raj Kumar Singh.

6. Top tourist destination 2017 – Hong-Kong: Hong-Kong remains the world’s most visited city by international travellers in spite of strained relations with neighbouring China. In a report on the top 100 city destinations that highlights the growth in Asian tourism, market research firm Euromonitor International said 25.7 million arrivals are expected in Hong Kong in 2017. Other countries followed by Hong Kong are Bangkok and London.

OTHER UPDATES:

SPORTS:

1. HS Prannoy defeated Kidambi Srikanth in the finale to claim the men’s singles title at the 82nd Senior National Championship: He achieved his career-best ranking of World No. 11 recently, saw off top seed Srikanth in a 49-minute clash to return the favour after his semi-final loss to his compatriot at the French Open Super Series last month. The tournament was held in Nagpur.

SCIENCE/TECHNOLOGY:

1. A new species of wild banana named ‘Musa paramjitiana’ has been discovered in Andaman and Nicobar islands: The new species of wild banana has been named after Paramjit Singh, director of the Botanical Survey of India (BSI). This discovery has been published in the Nordic Journal of Botany. Its conservation status has been declared as ‘Critically Endangered’.

BUSINESS/ ECONOMY:

1. HDFC Bank has announced the launch of its SmartUp Zone in Kochi, an exclusive area inside the branch dedicated to start-ups: SmartUp Zones will be launched in over 65 branches in 30 cities across India, including tier 2 and 3 cities that are emerging as start-up hubs. The objective is to harness the potential of the startup and fintech eco-system using a multi-pronged approach.

2. IDFC Bank Partners with MobiKwik: IDFC Bank has entered into a “strategic alliance” with mobile wallet major MobiKwik to launch a co-branded virtual Visa prepaid card for customers of MobiKwik. One need not be a customer of IDFC Bank to use the co-branded pre-paid card. The novelty here is that a user need not go through the five-step process to generate a card.

3. American digital payments company PayPal launched domestic operations in India: At launch, Indian consumers will be able to make transactions at select online merchants. Merchants offering PayPal will be able to process both local and global payments through the platform, getting access to PayPal’s more than 200 million customers around the world and in India through a single integration.

BANKING/FINANCE:

1. Aadhaar Link with insurance policy mandatory:  IRDA has announced that linking of Aadhaar number to insurance policies is now a mandatory requirement under Prevention of Money-laundering Second Amendment Rules, 2017. This norm of linking Aadhaar number to insurance policies will apply to new customers as well as existing policyholders. Besides, it will apply not only to life insurance policies but also to general insurance policies.

2. NBD – the second largest bank of United Arab Emirates has started operations in India by opening a branch in Mumbai: The Mumbai branch is Emirates NBD’s fifth international branch outside of its UAE. Emirates NBD’s Mumbai branch will offer a range of services to corporate, institutional clients and Small and Medium Enterprises (SMEs)

3. SBI releases Soumya Kanti Ghosh authored report on oil price hike: The Economic Research Department of State Bank of India has released a report on oil price hike and how unlikely it is to impact the Current account deficit (CAD) and how inflation could stretch fiscal. The report is authored by Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser of SBI. The report depicts oil price hike and its impact on the Current account deficit (CAD) and inflation.

AWARDS / HONOURS:

1. Ravinder Singh Bhalla has become the first ever Sikh mayor of New Jersey’s Hoboken city: He is the first Sikh to hold elected office in New Jersey. Bhalla, who is better known as Ravi Bhalla, graduated from UC Berkley and did his masters degree from London School of Economics and received a law degree from Tulane University.

Daily GK Updates - 9th November, 2017

NATIONAL UPDATES:

1. Kerala launches ‘She Pad’ scheme: Kerala launched a new scheme for school students named ‘She Pad’ in Kerala. CM Pinarayi Vijayan said that the ‘She Pad’ scheme will benefit the girls of classes 6 to 12 in Kerala and will be implemented in 300 schools this year. Free sanitary napkins, storage spaces and environment-friendly incinerators at all government-aided schools in Kerala will be provided as part of the project.

2. Chennai in UNESCO’s Creative cities list: 64 cities from 44 countries have been designated as UNESCO Creative Cities by Director-General, Irina Bokova. Chennai is the third Indian city on the list of UNESCO Creative Cities list after Jaipur and Varanasi. Chennai has been for contribution in music.

3. Uttarakhand celebrates its 17th formation day: Uttarakhand state is celebrating its 17th formation day with much fanfare and gaiety today. On 9th November 2000, Uttarakhand became the 27th state of the Republic of India, being created from the Himalayan and adjoining northwestern districts of Uttar Pradesh.

4. Haryana signs MoU with Art of Living Foundation: Haryana signed a memorandum of understanding (MoU) with Vyakti Vikas Kendra, a training institute of the Art of Living Foundation. MoU is for helping jail inmates to maintain and improve their health and reduce physical and mental stress. Vyakti Vikas Kendra will regularly conduct yoga, meditation and other programmes for the welfare of prisoners in all the prisons of Haryana.

5. 2nd edition of India International Cherry Blossom festival begins in Shillong: The 2nd edition of four-day India International Cherry Blossom festival (World’s only Autumn Cherry Blossom Festival) has begun at the 5thGround, Polo Grounds, Shillong. The State Govt is focusing on promoting tourism potential of the State by organizing such festivals which will not only boost tourism but also protect and preserve the forest and wildlife biodiversity.

INTERNATIONAL UPDATES:

1. Goncourt Prize 2017 announced: The Goncourt Prize is the most prestigious award in the French-speaking world. L’ordre du jour is a 160-page book. Eric Vuillard’s novel L’ordre du jour (in English ‘Agenda’), story of how German industry and finance backed Adolf Hitler, won the top Goncourt Prize 2017 award.

OTHER UPDATES:

BUSINESS & ECONOMY:

1. ICEX completes 1st diamond contract: Indian Commodity Exchange said that it has successfully completed first-ever diamond futures contracts settlement. Its total traded quantity in November expired for 5,382.08 carats valued at Rs 173.32 crore. ICEX had commenced operations on 28th August 2017 with the launch of three monthly diamond futures contracts – from November 2017, December 2017 and January 2018 expiry.

SPORTS:

1. Mary Kom wins Asian Boxing Championships: Mary Kom, who will be turning 35 on November 25, won the gold medal in the Asian Boxing Championships in the Light Flyweight category. She defeated DPR Korea’s Kim Hyang Mi in the final bout 5-0 by unanimous decision. Indian boxer Sonia Lather, who made it to the final of the Featherweight category, won a silver medal.

2. Saina Nehwal becomes National Champion, beats PV Sindhu: World number 11 Saina Nehwal became the national champion for the third time, defeating world number 2 PV Sindhu in the women’s singles final of Senior National Badminton Championships, in Nagpur, Maharashtra. Nehwal, who had previously won senior nationals in 2006 and 2007, won with the scoreline of 21-17, 27-25.

3. Aussie Mitchell Starc makes history with two hat-tricks: Mitchell Starc became the 1st man to take 2 hat-tricks in the same first-class game. He became only the 18th player in first-class cricket history and the first in 39 years to achieve the feat.

4. Mascot released for AIBA (Boxing) Championship: Chief Minister Sarbananda Sonowal and BFI president Ajay Singh released the championship’s official logo and anthem. The championship will be held from November 19 to 26. The official mascot, named Guppy, is a female version of Assam’s one-horned rhino. The World Championship’s official anthem is ‘Make Some Noise’.

Daily GK Updates - 8th November, 2017

NATIONAL UPDATES:

1. India successfully conducted a test of its indigenously designed and developed long-range sub-sonic cruise missile ‘Nirbhay’ at Chandipur, Odisha: Nirbhay missile carries warheads of up to 300 kg and capable of carrying 24 kinds of war weapons. Nirbhay is very maneuverable and can fly at tree-top level, making it difficult to detect on radar, and strikes targets of 1,000 km away carrying nuclear warheads. India successfully conducted a flight test of its indigenously designed and developed long-range sub-sonic cruise missile ‘Nirbhay’.

2. The 20th International Children’s Film Festival of India (ICFFI) has been started at Shilpa Kala Vedika in Hyderabad with “New India”- as the main theme this time would last from 8 to 14 November: 317 films from over hundred countries will be screened in about 40 theatres in Hyderabad and also at the district headquarters across the state. Children's Film Society, India (CFSI) and Telangana State Government are jointly organizing the biennial children’s event. They include - Sweeden film ‘SIV Sleeps Astray' Russian film Pitch', Netherlands film 'Sky', the film from Germany Nelly's Adventure, Canada film ‘Anthems: A Journey Around The World’, film from Egypt-Wintry Spring. Children's Film Society of India (CFSI) is a nodal organization of the Government of India that produces children's films and television programmes in various Indian languages. CFSI promotes films which provide healthy and wholesome entertainment for children.

3. Information and Broadcasting Minister Smriti Irani flagged off Digital Rath in New Delhi to create awareness among people for the cashless transaction: UPI transactions have increased from 3.8 million in April to 77 million in October this -year. The digital Rath will travel (20 thousand kilometer) from Delhi to Lucknow, then Kolkata, Puducherry, Mumbai, and Bhopal till 31st Dec 2017.

4. Prince of Wales Charles Philip Arthur George accompanied by Duchess of Cornwall  Camilla has arrived on a 2-day visit to India: This visit is a part of their ten days tour to Singapore, Malaysia, Brunei, and India. This visit will be the 9th visit of the Prince of Wales to India. India-UK trade is at 12.19 billion dollars. India is the 3rd largest investor in the UK and the 2nd largest international job creator in the United Kingdom(UK).

INTERNATIONAL UPDATES:

1. NATO to boost Afghan mission by 3,000 troops: NATO will boost its training mission in Afghanistan by 3,000 troops, chief Jens Stoltenberg said today as Kabul reeled from the latest deadly attack on civilians. Around half the new troops will come from the United States, and the overall size of NATO's training and support mission in the unrest-hit country will increase from 13,000 to 16,000, he said. Speaking a day before NATO defence ministers meet in Brussels, Stoltenberg said the alliance would boost its presence "to help the Afghans break the stalemate, to send a clear message to Taliban to the insurgents that they will not win on the battleground".

2. Trump's China visit - US defends 'Indo-Pacific' concept: As US President Donald Trump began his China visit, a top American official on Wednesday defended Washington's use of the new phrase 'Indo-Pacific' as a "useful construct" and pressed Beijing to join the campaign to target ISIS and the Taliban.

3. 'Storm in a tea cup' - Catalonia is no repeat of euro crisis:  Even though Catalonia's bid for independence may be Spain's worst political crisis in decades, it has been no Grexit, Brexit or even Frexit for foreign investors. Overseas holders of Spanish stocks and bonds -- and indeed owners of euro zone assets in general -- have been quick to dismiss comparisons with a succession of rolling sovereign debt crises that hit the euro zone between 2010 and 2012. Even though Spain's wealthiest region has a bigger economy than Greece, Portugal and Finland, relatively unfazed Spanish and Catalonian assets to date shows markets are treating the crisis ovr Catalonia as a largely domestic issue with few if any systemic sovereign, banking or euro wide threats. On one level the scale of financial risk more than gross domestic output of the area is of a different order. Catalonia's debt level -- at around 77 billion euros -- is around quarter that of Greece. In addition, 52.5 billion euros of that— just over two-thirds — is owed to Spain, a further 8.175 billion euros to resident financial institutions, 6.018 billion euros to the rest of the world and 10.035 billion euros to others, according to the data from the Spanish central bank.

OTHER UPDATES:

SPORTS:

1. India beat New Zealand by 6 runs to win T20 Cricket series: India beat New Zealand by six runs to win the three-match T20 Cricket series 2-1 at Thiruvananthapuram. The host India made 67 for 5 in 8 overs as the rain-affected match was reduced to an eight-overs-a side game. New Zealand could manage only 61 for 6 in the stipulated 8 overs. Jasprit Bumrah claimed two wickets while Manish Pandey was the highest scorer with 17 runs.

2. Mitchell Starc makes history with two hat-tricks in one game: left-arm paceman bowler Mitchell Starc (Australia) has become the first man to take two hat-tricks in the same first-class game in Australia as he hit ominous form ahead of the Ashes Test series against England. The left-arm paceman became only the eighth player in first-class cricket history and the first in 39 years to achieve the feat as he spearheaded New South Wales to victory over Western Australia in the Sheffield Shield in Sydney. Starc finished with the match figures of seven for 97 in NSW's 171-run victory.

BANKING/FINANCE:

1. India signs loan agreement with World Bank for 119 million dollars for OHEPEE project: India has signed a loan agreement of 119 million dollars with World Bank for the Odisha higher education programme for excellence and equity project. The objective of the project is to improve the quality of students' equitable access to selected institutions and enhance governance of the higher education system in Odisha.

2. Apollo Munich Health Insurance wins ‘General Insurance Company of the Year’: Apollo Munich Health Insurance Company has been conferred with the 21st Asia Insurance Industry Awards in the “General Insurance Company of the Year” category. Its joint venture between integrated healthcare provider, Apollo Hospitals Group, and the Munich Re Group.

BUSINESS/ECONOMY:

1. Twitter says it is ending its 140-character limit & giving nearly everyone 280 characters: According to the Twitter, it is ending its iconic 140-character limit and giving nearly everyone 280 characters. The expanded limit will get more people tweeting more, helping its lackluster user growth. 9% of tweets written in English hit the 140-character limit. Users tweeting in Chinese, Japanese and Korean will still have the original limit as writing in those languages uses fewer characters. Twitter is an online news and social networking service where users post and interact with messages. Twitter was created in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams and launched in July of that year.

2. Paytm Introduces BHIM UPI for seamless money transfer: Digital payment platform ‘Paytm’ has introduced payments using “BHIM UPI” BHIM (Bharat Interface for Money) UPI (Unified Payment Interface) on its platform. Now, users can create their own Paytm BHIM UPI ID on the app, which will be issued by Paytm Payments Bank. They will also not have to share their bank account details and IFSC code with anyone to receive money. As per the National Payments Corporation of India (NPCI) guidelines, users can send up to Rs. 1 lakh a day using BHIM UPI; while there's no receiving limit.

SCIENCE/TECHNOLOGY:

1. Most ancient spiral galaxy discovered: Scientists have discovered the most ancient spiral galaxy in the universe that existed 11 billion years ago and could provide insights into the early cosmos. The galaxy, known as A1689B11, existed just 2.6 billion years after the Big Bang, when the universe was only one fifth of its present age. Researchers used a powerful technique that combines gravitational lensing with the Near-infrared Integral Field Spectrograph (NIFS) to verify the vintage and spiral nature of the galaxy. Gravitational lenses are nature's largest telescopes, created by massive clusters composed of thousands of galaxies and dark matter.0 The cluster bends and magnifies the light of galaxies behind it in a manner similar to an ordinary lens, but on a much larger scale.

HONOURS/AWARDS:

1. Indian short film 'The School Bag' has won the Best Short Film Award at the South Asian Film Festival of Montreal (SAFFM): The movie’s plot is based in Peshawar (Pakistan) and tells a story about the relationship between a mother and her seven-year-old son who wants a new school bag on his birthday, but fate has something else in store for him. The film is directed by Dheeraj Jindal.

Daily GK Updates - 7th November, 2017

NATIONAL UPDATES:

1. Punjab Govt starts Campaign for constructing toilet in every household: The Punjab water supply and sanitation minister Tript Rajindra singh Bajwa has started a ‘Mass Construction Campaign’ for constructing the toilet in every household at Dabanwal village in Gurdaspur district. He also flagged off 90 promotional teams who will create awareness among the people to make their area free from open defecation.

 2. Odisha govt announces the package of Rs. 124 crores for farmers affected by pest attack: The Odisha state cabinet chaired by the chief minister Naveen Patnaik has announced a package of 124 Crore rupees for the farmers affected by pest attack in different areas of the state during this year’s Kharif season.

The state’s cabinet has also revised earlier decision and announced the farmers who had set fire to their crop field out of frustration for not being able to control pests, would also get the relief.

3. Revenue Secretary Hasmukh Adhia (1981 batch IAS officer - Gujarat cadre) has been designated as the new Finance Secretary: The Finance Secretary is the Permanent Secretary-level civil servant, who plays a leadership role in the bureaucracy of the Finance Ministry, Government of India. The vacancy was caused following the superannuation of Ashok Lavasa. The Ministry of Finance is composed of five departments the Department of Economic Affairs, the Department of Revenue, the Department of Expenditure, the Department of Financial Servicesand Department of Investment and Public Asset Management.

Each of the departments is headed by a secretary.

4. The Airports Authority of India (AAI) has commissioned a new Instrument Landing System (ILS) for a runway at the Chennai airport at a cost of Rs. 5 crores: The ILS provides the necessary guidance to the pilots while they approach for landing at the runway. The new ILS commissioned for runway 07 will facilitate smooth landing of the aircraft at the Chennai airport even during rain, low clouds, smog etc and provide an improved guidance to the aircraft.

INTERNATIONAL UPDATES:

1. India, Nepal, Bangladesh to sync tiger count: The National Tiger Conservation Authority (NTCA) is responsible for conducting the exercise in India, has proposed major changes including uniformity in counting of big cats in all tiger reserves, national parks and wildlife sanctuaries in the country at the same time. India, Nepal & Bangladesh will conduct the 2018 tiger census in close coordination in their respective territories at the same time. The field directors, divisional forest officers and range officers from the states (UP, Uttarakhand, Rajasthan, and Himachal Pradesh) will be given expert training for the census in all six forest zones of the country, from 2nd week Nov 2017). The census will be held under the supervision of NTCA and the Wildlife Institute of India. The first phase of tiger census will be completed by December end, the second phase by January 2018 and the final phase will go on from February to October next year.

2. India - Bangladesh joint military combat exercise ‘SAMPRITI-7’: The Indian & Bangladeshi army are taking part in the 7th edition of joint training exercise ‘SAMPRITI-7’ in Meghalaya and Mizoram (6th-18th November). The exercise will be conducted at India's Jungle Warfare School at Vairengte in Mizoram and at the Joint Training Node at Umroi in Meghalaya The objective of the exercise is to conduct counter-insurgency and counter-terrorism operations in peace-keeping activities in the United Nations (UN).

3. Saudi prince died in helicopter crash near Yemen border: A Saudi prince Mansour bin Moqren (Deputy governor of Asir province) died when a helicopter with several officials on board crashed near the kingdom's southern border with war-torn Yemen. Prince Mansour was the son of Prince Muqrin bin Abdulaziz, a former intelligence service director and a one-time crown prince of the kingdom. Prince Muqrin was removed as crown prince in April 2015 by his half-brother King Salman in favour of Prince Mohammed bin Nayef, a counterterrorism czar and interior minister.

4. Zimbabwean President Robert Mugabe fired Vice President Emmerson Mnangagwa: Mugabe's move came after high drama between Mnangagwa and Grace after which Mugabe appeared to finally back his wife in the succession race. In 2014, Mnangagwa was appointed vice president, taking over from Joice Mujuru.

OTHER UPDATES:

SPORTS:

1. India finish with 20 medals at Commonwealth Shooting Championships: India ended the Commonwealth Shooting Championships with a rich haul of 20 medals after Satyendra Singh won a gold and Sanjeev Rajput (silver) in the men's 50m rifle 3 positions event. The Indian squad won a total of gold (6), silver (7) and bronze (7) medals during the competition. The Commonwealth Shooting Federation Championships is a shooting championship for Commonwealth countries, often held as a test event for the Commonwealth Games.

AWARDS/HONOURS:

1. Srirangam temple wins UNESCO award: Sri Ranganathaswamy temple in Srirangam (Tamil Nadu) has won the UNESCO Asia Pacific Award of Merit 2017 for cultural heritage conservation. The international body praised the temple for undertaking renovation and beautification work worth over Rs 20 crore without harming its centuries-old heritage. Sri Ranganathaswamy temple considered the foremost of the 108 divyadesams, is situated on an islet between the Cauvery and the Coleroon rivers. It has seven prakaras and 21 towers, including the majestic 236-feet-high rajagopuram.

SCIENCE/TECHNOLOGY:

1. China launches two BeiDou-3: China has launched the two BeiDou-3 satellites into space through a single carrier rocket from Xichang Satellite Launch Center in the southwestern province of Sichuan. The two newly-launched satellites represent the third phase of the BeiDou Navigation Satellite System. China will become the third country in the world after the US and Russia to operate its own navigation system. It began to serve China in 2000 and the Asia-Pacific region at the end of 2012.

Daily GK Updates - 6th November, 2017

NATIONAL UPDATES:

1. Guru Nanak Jayanti: Nanak was the founder of Sikh religion and the first of the ten Sikh Gurus. His words are registered in the form of 974 poetic hymns in the holy text of Sikhism. It is the 548th birth anniversary of 1st Sikh Guru Nanak Dev jee is being celebrated across the country. It was on this day, Guru Jee was born at Rai Bhoi di Talwandi (Nankana Sahib) in Pakistan. Devotees are attending the Gurudwaras to pay obeisance and are also taking bath in 'Pavitar Sarovar'. Guru 3.

2. No tax on cash sales of agricultural produce for less than 2 lakhs rupees: According to the Income Tax (IT) Department circular, the cash sales of agricultural produce by a cultivator to a trader for less than 2 lakh rupees will not attract tax under the Income Tax Act. The cultivator and the trader will also not have to provide their Permanent Account Number or furnish Form 60.vThe clarification came following representations from stakeholders about applicability of income tax provision to cash sale of farm produce by farmers to traders.

3. Cauvery tribunal gets extension of 6 months for report: The union govt. has given a six-month extension to the Cauvery Water Disputes Tribunal (CWDT) to submit its report on Cauvery water sharing dispute between Karnataka and Tamil Nadu. on 2nd June 1990, The CWDT was constituted under section 4 of the Inter-State River Water Disputes Act, 1956 for the adjudication of the water dispute. On 5thFebruary 2007, the tribunal had asked Karnataka to release 192 thousand million cubic feet water to lower riparian Tamil Nadu every year from June to January.

4. India’s first black buck conservation reserve at Allahabad: The Uttar Pradesh state cabinet has decided to make India's first conservation reserve for blackbuck at the Meja forest division near Allahabad. The wildlife conservation reserve will come up on over 126 hectares in Meja forest division undulating and arid terrain. Indian Blackbuck is an antelope and is the only living species of the genus Antilope.

5. The Union Minister Mahesh Sharma has inaugurated the three days North-East Festival, in New Delhi, aims to promote northeast India: The festival, will see performances by artistes like rapper Borkung Hrangkhawl, heavy metal bands Pulse Pandits, Girish & Chronicles (GATC) and Traffic Jam.

INTERNATIONAL UPDATES:

1.  Colombia signs USD 300m UN deal to fight cocaine production: Colombia has signed a USD 300 million agreement with the United Nations (UN) aimed to reduce the production of cocaine. This agreement is opportunity to turn the tide against Colombia's coca cultivation and help farmers embrace alternative development. This initiative will provide compensation to farmers if they revert to producing safer crops like coffee and cacao. Colombia is ranked as one of the main drug-growing nations in the world by the UNODC.

2.  ‘Fake News’ named Word of the Year 2017:  A term ‘Fake news’ has been named the word of the year by Collins dictionary due to its widespread use around the world. According to the Collins Dictionary’s lexicographers (U.K.-based), the use of ‘fake news’ registered a 365% rise in the last 12 months. 'Fake news' takes over from Brexit which was named the definitive word last year after the June 2016 referendum in favour of the U.K.’s exit from the EU.

OTHER UPDATES:

SPORTS:

1. FIFA suspend Peru striker Guerrero for failing doping test: The Federation of International Football Association (FIFA) has provisionally suspended Peruvian Football striker Paolo Guerrero (Peru captain) for 30 days after failing a doping test. Guerrero tested positive on 5th October after the World Cup qualifying match against Argentina. Doping is the taking of banned substances or using prohibited methods to enhance or maintain sporting performance.

BUSINESS/ ECONOMY:

1. Etikoppaka toys from Andhra Pradesh get GI tag: The Geographical Indication Registry (GIR) has given Geographical Indication (GI) tag traditional Etikoppaka toys from Andhra Pradesh. These traditional toys are made by artisans in Etikoppaka village in Visakhapatnam district. The Geographical Indication (GI) is name or sign used on certain products which correspond to specific geographical location or origin. These goods and products having tag are recognised for their origin, quality and reputation and gives it required edge in the global market.

BANKING/FINANCE:

1. Sovereign Gold Bond rate fixed at 2,934 rupees per gram: The price of the new series of Sovereign Gold Bonds (SGBs) has been fixed at 2,934 rupees per gram. The union govt. has decided to offer a discount of 50 rupees per gram to investors applying online and making payments digitally. The subscription opens from Monday to Wednesday every week between 9^th October and 27^th. This round is part of the SGB calendar announced till December and is spread over 12 weeks. The Bond is issued by Reserve Bank on behalf of Government of India.SGBs are government securities denominated in grams of gold, substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.

2. India Post Payment Bank to become operational in 650 districts by April 2018: India Post Payments Bank (IPPB) will become operational in all 650 districts of the country by April next year. These banks will be linked to 1.55 lakh rural post offices and carry out banking services. The two such banks are already operational in Ranchi and Raipur.

AWARDS / HONOURS:

1. Eminent Hindi Litterateur Krishna Sobati will get the Jnanpith Award for 2017 (53rd) for her path breaking contribution to Indian literature:  She is known for experimenting with new writing style and creating bold and daring characters in her stories. She has earlier won the Sahitya Akademi Award (1980) for her novel ‘Zindaginama’ and was awarded the Sahitya Akademi Fellowship (in 1996). The Jnanpith Award is an Indian literary award presented annually by the Bharatiya Jnanpith to an author for their 'outstanding contribution towards literature'.