International · 2019-10-08 · 5 Myitkiyina, Hongkong, Singapore, Malaya, Bahrain, Iraq and Persia and won multiple gallantry awards namely four Military Crosses, one Medal of the

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Nizam Funds case

Nizam VII, Mir Osman Ali Khan the last ruler of

Hyderabad had filed a case in 1954 to recover the

deposited £1 million with Pakistan's high

commissioner to the United Kingdom, Habib

Ibrahim Rahimtoola, in 1948. The money was

transferred to Rahimtoola’s account in UK’s

National Westminster Bank from the state of Hyderabad’s bank account. Pakistan refused to

give it back. The descendants of Nizam VII- Mukarram Jah (Titular Nizam VIII) and his

younger brother Muffakham Jah joined hands with the Indian government and laid claim to

the amount. Pakistan disputed the claim by stating that the money was for the payment of

supplying weapons to Hyderabad while the Nizam’s descendants said that they were the

beneficiary owners of the fund, as it was given to them by their grandfather as a gift in a

trust that was set up in April 1963. The Nizam’s descendants had attempted to go for an

out-of-court settlement with Pakistan over the dispute in 2008 but there was no response

from Pakistan. The case remained dead till 2013.

The dispute started around the time of partition. In 1948, when the Nizam of Hyderabad

Asaf Jah sent £1 million and one Ginni to the then Pakistan High Commissioner’s London

account as a fund for "trust for safekeeping" of Hyderabad from India if there were an

invasion. At that time, the princely state of Hyderabad was not under the Indian

government. Hyderabad was annexed in 1948. The Pakistan government had claimed the

ownership of the fund and had filed a case against Mukarram Jah in the UK court in 2013.

Both India and Pakistan fought a decade-long legal battle.

Finally, on Wednesday, the UK High Court dismissed Pakistan’s claims and granted

Mukarram Jah, the titular Nizam of Hyderabad, the ownership of a fund which has been in

dispute for over 70 years which now amounts to £35 million. The judgement completely

ruled out Pakistan’s claims over the amount and rejected its arguments that the dispute was

non-justiciable and that the doctrine of illegality somehow barred recovery or that the

claims of other parties were time-barred.

International


Taliban and U.S. peace envoy meet

US peace envoy Zalmay Khalilzad and the Taliban

delegation led by Mullah Abdul Ghani Baradar, a co-

founder of the movement that was ousted in 2001

by the US-led coalition met for the first time since

"Dead Deal". The meeting is important as the

United States seeks an exit from Afghanistan's 18-

year war. A high-level Taliban delegation met Qureshi as part of a push to revive the Afghan

peace process.

Taliban : It is an organization who refer to themselves as the Islamic Emirate of Afghanistan.

They are a Sunni Islamic fundamentalist political movement and military organization in

Afghanistan currently waging war within that country. Since 2016, the Taliban's leader is

Mawlawi Hibatullah Akhundzada.

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Delhi-Meerut PKG-3

It refers to Delhi-Meerut Package-3. Indian Road

Transport and Highways Union Minister Nitin

Gadkari inaugurated the 22.27 kilometre Delhi-

Meerut PKG-3 which connects Dasna in Ghaziabad

to Hapur in Western Uttar Pradesh (UP) state built

with cost of RS 1,058 crores.

The significance of this project is that it will help in decongesting National Capital Region

(NCR) and bring significant reduction in pollution level. It will also lead to reduction in travel

time by more than an hour. The development of this highway will lead to the development

of this area.

The Delhi-Meerut PKG-3 has a six-lane NH 24 section with 2+2 lane service roads on both

side from Dasna to Hapur and a 4.68km-long six-lane elevated corridor at Pilkhuwa. This

4.68-km long 6-lane elevated corridor at Pilkhuwa has been conferred Gold Medal for

innovation in construction technology and Pilkhuwa Viaduct has also been awarded as

outstanding concrete structure of western UP. This highway is the country's first 16 lane

express-highway. The project involves construction of several underpasses, a bridge across

Upper Ganga Canal, seven new minor bridges and a flyover at the Hapur bypass. It features

11 vehicle and two pedestrian underpasses, two pedestrian over bridges and six major and

105 minor junctions respectively.

The President’s Colours Award

It is the highest military honour for an armed forces

organisation. It is awarded in recognition of

exceptional service rendered by to the nation, both

during peace and hostile.

President Ram Nath Kovind on Saturday handed

over the prestigious President’s Colours Award to the Corps of Army Air Defence at

Gopalpur in Odisha’s Ganjam district.

During World War II, the Air Defence troops participated in various operations like Burma

campaign, Siege of Imphal and Kohima, recapture of Rangoon, operations in Arakans,

National


Myitkiyina, Hongkong, Singapore, Malaya, Bahrain, Iraq and Persia and won multiple

gallantry awards namely four Military Crosses, one Medal of the British Empire, seven Indian

Distinguished Service Medals and two Orders of the British Empire, said sources.

The Air Defence has been in existence since 1940 as a part of Corps of Artillery however, as

an independent arm, it got recognition in 1994. The Corps of Army Air Defence has been

awarded with two Ashok Chakras, two Kirti Chakras, 20 Vir Chakras, nine Shauryas Chakras,

113 Sena Medals and 55 Mention-in-Despatches in addition to four Honour Titles awarded

during 1971 Indo-Pak war.

INS Khanderi

It is India's second Scorpene-class attack submarine

It is a diesel-electric attack submarine which was

designed by French naval defence and energy

company DCNS and manufactured at Mazagon Dock

Limited in Mumbai.

India's second Scorpene-class attack submarine INS

Khanderi was commissioned by Defence Minister Rajnath Singh on Saturday and is expected

to increase the country's maritime combat lethality by several folds. It was induced into

Indian Navy only after it successfully cleared all the rigorous sea trials and tests in over last

two and a half years. This state-of-the-art submarine has been built with such a technology

that reduces its noise when it is under the sea. It can roll-in a crew of 36 members.

Its name and features are inspired by the fish named 'Kanneri'which is found in Arabian Sea.

The fish is known for hunting while swimming close to the bottom of the ocean using the

barbells to find their prey. The fish uses its long serrated saw to kill and shred their prey

before eating it.

INS Khanderi is fully weaponised to attack its enemies. It is equipped with a set of missiles

and torpedoes that can be fired upon detecting enemy targets. It has a sonar suite that

enables long-range detection and classification of targets. The submarine's warfare

capability comprises a cluster of integrated advanced weapons and sensors. It has

undertaken multiple torpedo and missile firing trials to validate its fighting capability.


Commerorative Coins

These are coins that are released to mark some

special events such as birth anniversaries of popular

historical figures. These coins sport a distinct desigh

to signify the occasin on which they are issued. The

lower denomination coins are used for general

circulation whereas higher denomination coins are

usually used for collection purposes. They usually contain some gold and silver in them.

These are Non-circulating legal tender (NCLT). As per the law, commemorative coins cannot

be used legally unless notified.

PM Narendra Modi released commemorative Rs 150 coin on Mahatma Gandhi's 150th birth

anniversary. He had also released a commemorative coin of Rs.350 denomination marking

birth anniversary of Guru Gobind Singh and a commemorative coin of Rs.100 in honour of

the former prime minister Atal Bihari Vajpayee, In 2018.

The first commemorative coin with an image of the first Prime Minister of India Jawaharlal

Nehru in India was issued in 1964 to commerorate his birth anniversary.

SC/ST Act

It refers to Scheduled Castes and Scheduled Tribes

(Prevention of Atrocities) Act of 1989 of the

Parliament of India enacted to prevent atrocities

against scheduled castes and scheduled tribes. The

Act is popularly known as the SC/ST Act, POA, the

Prevention of Atrocities Act, or simply the Atrocities

Act.

The Supreme Court verdict was passed on March 20 last year setting in place guidelines to

prevent misuse of SC/ST (Prevention of Atrocity) Act and by which the court had forbidden

automatic arrest of an accused.

Supreme Court allowed the review petition filed by the Centre against Court's judgement of

'diluting' various stringent provisions of SC/ST (Prevention of Atrocities) Act. The apex

Indian polity


court's three-judge bench restored the earlier position of the law and amended its own

order about SC/ST Act. Now an FIR can be registered under this act without investigation.

Experts said that the decision was taken not due to cast system but because of

constitutional requirements. A bench of justices Arun Mishra, M R Shah and B R Gavai said

the struggle of SC/ST people for equality is still not over and they still face untouchability,

abuse and are socially outcast.

High Court

Under Article 141 of the constitution, all courts in

India — including high courts — are bounded by

the judgments and orders of the Supreme Court of

India by precedence. Judges in a high court are

appointed by the President of India in consultation

with the Chief Justice of India and the governor of

the state.

Qualifications : He/She should be a citizen of India. A person to be appointed as High Court

Judge should have 10 years of experience of holding judicial office in India. He/She should

have ten years of experience as an advocate of the high court(s).The appointment of a High

Court judge doesn’t restrict qualified person with any age limit.

The Government has appointed seven Chief Justices to Kerala, Andhra Pradesh, Punjab and

Haryana, Gauhati, Rajasthan, Himachal Pradesh and Sikkim High Courts.

Justice Ajay Lamba of Allahabad High Court has been appointed as Chief Justice of Guwahati

High Court.

Justice Inderjit Mahanti of Bombay High Court has become Chief Justice of Rajasthan High

Court.

Justice A Mani Kumar of Kerala High Court has been appointed as Chief Justice of Himachal

Pradesh High Court.

Justice Ravi Shanker Jha of Madhya Pradesh High Court has been appointed as the Chief

Justice of the Punjab and Haryana High Court.

Justice Bishwanath Somadar of Calcutta High Court.

Justice Vivek Agarwal of Telangana High Court have been sent to Allahabad High Court.


MSMEs

It referes to Micro, Small and Medium Enterprises.

Union Minister for Road Transport and Highways

(MoRTH) Nitin Gadkari while addressing women

entrepreneurs in Chennai said that Centre was

considering a proposal to introduce a rating system

for small and medium enterprises (SME) to help

them get loans easily.

The Central government is making all efforts to reduce finance costs and power price to the

industry so as to tackle the prevailing sense of gloomy industrial scenario which is due to the

business cycle, demand and supply issues and a global downtrend.

Mr. Gadkari said that the Central Government is in the process of introducing a national

portal for Micro, Small and Medium Enterprises (MSMEs) to market their products easily

and has fixed a target of generating five crores more jobs in the MSME sector in the next

five year.

Trade apprentice

It refers to a person who undergoes apprenticeship

training in any designated trade. It can be any

occupation or trade, any subject field in technology

or engineering or non – engineering and any

vocational course as notified by Union Government.

Any Class 8, 10, 12 and ITI (a certificate course) pass

Indian policy News

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- outs are eligible to undergo apprenticeship in designated trades for trade apprentices. In

some trades, B.Sc. pass is also a prescribed qualification.

Union Ministry for Skill Development and Entrepreneurship (MSDE) has notified changes in

Apprenticeship Rules (1992) as Apprenticeship (Amendment) Rules, 2019 with an aim to

increase skilled manpower in the country, and raise minimum stipend payable to trade

apprentices. It has issued a notification regarding minimum stipend payable to trade

apprentices based on the qualification which will and range from Rs.5000 to Rs.9000 per

month from now onwards.Those employers who have four or more workers are eligible to

engage apprentices.

MSDE Ministry has also launched ‘Apprenticeship Pakhwada’, a 15-day cross-country event

which is aimed at driving widespread awareness of the Apprenticeship. It is in collaboration

with 22 organizations to provide apprenticeship training to more than 2.5 lakh youth in

India. The government also seeks to create a new structure of Kaushal Vikas Mitra from the

state level to the village level.qualification.

Welfare Schemes

The Government is implementing different welfare

programmes or schemes at various levels for

citizens benefit. Effective monitoring and

measurement of the outcome and impact of such

programmes or schemes is imperative at different

levels through identified Key Performance

Indicators (KPIs). Thus, as a part of welfare schemes, the Union Ministry of Electronics and

Information Technology (MEITY) Ravi Shankar Prasad launched an Automated Real Time

Performance Smart-board for effective monitoring and measurement of key programmes of

government. The key programmes include Digital India, Aadhaar, Digital Payments among

others. He also unveiled the Digital Charkha at the IT Ministry.

Smart-board : It is an automated real-time performance smart-board which will act as a

single window access for Centre, State as well as for District specific projects implemented

by the Ministry. It will promote transparency and enhance ease of working. The smart-board

will also enhance analysis through data integration by using APIs (Application programming

interface) or (web services) by consolidating multiple data sources into one centralised,

easy-to-access platform.

Digital Charkha : It is is an amalgamation of the traditional design with a digital spin. The

wheel of the Charkha is made up of interlinked digital grids in place of fine threads thus

portraying that the core of Digital India is embedded in Gandhian philosophy of equality,

unity, corruption free and empowerment of ordinary.


DRDO

It refers to Defence Research and Development

Organization. DRDO sussessfully test-fired land

attack version of BRAHMOS Supersonic Cruise

Missile, featuring Indian propulsion system,

airframe, power supply and other major indigenous

components from Integrated Test Range (ITR),

Chandipur coast in Odisha’s Balasore district. The missile was test-fired for its full strike

range of 290-km during the launch jointly conducted by DRDO and BrahMos Aerospace. The

missile, with a strike range of 290km, can be fired from land as well as sea-based platforms.

The missile has been fitted with increased indigenous equipment and is a version used by

Indian Army. The first extended version of BrahMos missile with a strike range of 450

kilometres was successfully tested on 11 March, 2017. BrahMos is a joint venture between

the DRDO and the NPOM of Russia.

BRAHMOS Supersonic Cruise Missile

The multifaceted missile is Jointly developed by

India and Russia, it has been operationalised in the

Indian Armed Forces with all the three services. It is

a "Fire and Forget" missile which is capable of

navigating on its own towards a pre-determined

and programmed target. It can be fired from

submarine, ships, aircraft, or land.It uses a Transport Launch Canister (TLC) for

transportation, storage and launch. It is not only the fastest supersonic cruise missile in the

world but also the world's fastest anti-ship cruise missile in operation.

With this successful mission, the indigenous content in the formidable weapon has reached

a high value, thus strengthening India's defence indigenisation and the flagship 'Make in

India' programme.

Science and Technology


INS Tarkash

It refers to the ship which is part of the Indian

Navy's Western Fleet and under the Operational

Command of Flag Officer Commanding-in-Chief,

Western Naval Command. It was commisssioned on

9 November 2012. It is equipped with a versatile

range of weapons and sensors capable of

addressing threats in all the three dimensions. It is a potent frontline frigate and second

Talwar-class frigate constructed for the Indian Navy. It is part of the second batch of Teg-

class frigates ordered by the Indian Navy. She was built at the Yantar shipyard in Kaliningrad,

Russia.

Indian Navy ships are regularly deployed overseas as part of Navy's mission of building

'bridges of friendship' and strengthening international cooperation with friendly countries.

As part of Indian Navy's Overseas Deployment to Africa, Europe and Russia, Indian Naval

Ship Tarkash commanded by Captain Sathish Vasudev arrived at St Denis, Reunion Island,

France today for a three-day visit.

Bridges of Friendship : The Indian Navy hosted its first International Fleet Review in

February 2001. This event was termed "Bridges of Friendship" and was attended by 24

warships form 19 countries.

Typhoon ‘Mitag’

The name Mitag has been used to name three

tropical cyclones in the northwestern Pacific Ocean.

It is categorised by Taiwan's weather bureau as at

the second-strongest typhoon level. It is bearing

down on northern Taiwan, where it is expected to

bring high winds and heavy rain. Warnings have

been issued for parts of parts of island’s east and north, including the capital, Taipei. As per

the Taiwan’s weather bureau reperts were that it was expected to approach the coast of

Yilan county with maximum winds about 27 kilometres per hour with winds gusting at up to

162 kilometres per hour (100 mph). After passing over Taiwan, the typhoon is expected to

Environment & Climate News


approach China's eastern city of Shanghai, then weakening as it moves toward South Korea

and Japan.

Typhoons : A typhoon is a mature tropical cyclone that develops between 180° and 100°E in

the Northern Hemisphere. This region is referred to as the Northwestern Pacific Basin, and

is the most active tropical cyclone basin on Earth, accounting for almost one-third of the

world's annual tropical cyclones.

Brain-shrinking killer fungus

It is also known as Poison Fire Coral. It is one of the

world's deadliest fungus. It is a bright orange

fungus. It is rationally found in mountains of Japan

and South Korea where it caused a number of

deaths. It is the only fungus that can infect people

by its toxins absorbing through people's skin.

Touching the fungus could lead to organ failure and brain nerve damage. Symptoms of

infection can lead to brain shrinking, dermatitis and a fever.

The Poison Fire Coral fungus was found by photographer Ray Palmer while he was exploring

rainforest in Redlynch, in Cairns in Queensland. Dr Barrett ran DNA tests to confirm the

discovery and according to it was for the first time that this deadly fungus has been

discovered in Australia.

Indian Oil Corporation

It is Country's largest PSU oil refiner and retailer. It

launches drive to turn plastic waste into bitumen

that can be used for construction of roads and

highways. The company has taken up various

initiatives to support the government's drive to

eliminate single use plastic by converting these

toxic waste to productive use.

A 850 meters of road outside Indian Oil R&D Centre in Faridabad chosen as the testing area

in Faridabad will be monitored in association with the CSIR-CRRI to fine-tune the

concentration of single-use plastic to be added.

The company has also announced its other initiatives, that is, the introduction of Soluble

Bitumen Poly Bags for bitumen filling which is produced from 100% single-use waste plastic,

which solubilise fully in the bitumen at the time of road paving.


Francois' Langur

It is the world's rarest and critically endangered

animal in the world. It is also known as the

Francois' leaf monkey, Tonkin leaf monkey, or

white side-burned black langur. It is a species of

lutung and the type species of its species group. It

is one of the least studied of the species belonging

to the Colobinae subfamily. The animal is found only in Vietnam and China where it is

threatened by poachers and loss of habitat from encroaching development. According to

the zoo estimates there are only about 3 000 of the species left in the wild.

One of the world's rarest monkeys,the male Francois' langur with its distinctive orange fur

was born at Sydney's Taronga Zoo last week and has not yet been named. The baby’s bright

orange hair lasts just a few weeks before it begins to darken to the colour of its mother

Noel’s hair.

SAFF U-15 Championship

It is an international football competition for men's

under-15 national teams organized by South Asian

Football Federation (SAFF). The championship for

the first time was in August 2015 in Nepal.

India lift SAFF U-18 Championship title for first time

by beating Bangladesh by 2-1 in the finals held in

Sports News



Kathmandu,Nepal. Vikram Partap Singh and Ravi Bahadur Rana scored a goal each for India.

India's Ninthoinganba Meetei was adjudged Most Valuable Player of the tournament.

Wrestling Ranking

World Championship silver medallist wrestler

Deepak Punia has been ranked world number one

in 86kg category in the World Wrestling

Championship issued by the International

Wrestling Federation. Bajrang Punia lost the top

rank in the 65kg category in the latest rankings.

Deepak Punia : He recently won silver in the World Wrestling Championship, after he pulled

out of the final bout due to an ankle injury. He is the current junior world champion. This

was his first senior World Championship. He became the only fifth Indian to reach the finals

at the senior World Championships. He is from among the four Indian wrestlers to have

secured his place at the 2020 Tokyo Olympic Games. He currently has four more than the

previously top-ranked wrestler, Hasan Yazdani from Iran with a total of 82 points.

Bajrang Punia : He dropped from the top rank to the second spot after losing his semi-final

bout and settling for bronze.He currently has 63 points.

Russian Gadzhimurad Rashidov : He won gold in Nur Sultan and is the new world number

one in 65kg category.

Ravi Dahiya entered the top 5 ranking list in the 57 kg category, while Rahul Aware was

pushed to the second rank with his bronze in the World Championship.

In women's rankings, Vinesh Phogat, who also won bronze in the World Championship, is

ranked second in the 53 kg category. Seema Bisla dropped to rank 3 in the 50kg category,

while Pooja Dhanda is ranked five in 59kg category. Manju Kumari is world no.3 in the 40kg

category.

Currently, four Indian wrestlers have qualified for the 2020 Tokyo Olympics in their

respective weight categories. The wrestlers include Deepak Punia, Bajrang Punia, Vinesh

Phogat and Ravi Kumar Dahiya.


Roger Binny

He is a former Indian cricket all-rounder and is

best known for his impressive bowling

performance in the 1983 Cricket World Cup in

which India won the cup. Roger Binny scored 830

runs in test cricket and 629 runs in One Day

International matches.

The former cricketer was chosen president by a thumping majority as the Karnataka State

Cricket Association elections. He defeated Captain M M Harish, while Abhiram won against

Joseph Hoover.

Roger Binny was elected as the president while J Abhiram became the vice-president.

Santosh Menon and Shavir Tarapore were elected as secretary and joint secretary, Vinay

Mruthyunjaya, who was elected Treasurer.

Ravindra Jadeja

He is a left arm spinner all rounder Indian

internatinal cricketer. He has become the second

fastest Indian to take 200 wickets in Test cricket

during the opening match against South Africa . He

achieved the feat when he bowled out Dean Elgar

during the Day 3 of India’s first test against South

Africa in Visakhapatnam. Jadeja is also the fastest left-arm bowler to achieve the feat ahead

of Sri Lanka's Rangana Herath (47 matches) and Australia's Mitchell Johnson (49),Mitchell

Starc (50) and Pakistan's Wasim Akram (51).


Forever 21

It is an Fashion retailer with over 800 stores in 57

countries across the globe. It was founded in Los

Angeles in 1984 as a fast-fashion retailer. Since its

founding, it has served as a low-price one-time

destination for teen shoppers. The fashion brand

mainly sells trendy clothing and accessories at

cheap rates. The popularity of these brands had grown during the Great Recession.

Forever 21 Inc. has filed for Chapter 11 bankruptcy protection. It announced that it will

make its exit from most international locations in Asia and Europe. The move comes as

traditional retailers continue to struggle against the rise in competition posed by online

retailers.

Linda Chang, the Executive Vice President of Forever 21, said that it was an important and

necessary step to secure the company’s future, as it would enable them to reorganize their

business and reposition the brand. The brand has now joined other US fashion retailers

seeking bankruptcy protection such as Barneys New York and Diesel USA, while they face

stiff competition from online retailers. However the company is unlikely to be affected in US

so it does not plan to exit from any major market in the US.

Chapter 11 Bankruptcy protection : Chapter 11 Bankruptcy protection provides the US

companies with time to reorganize their debts and sell parts of their business, postponing

the company’s obligations to its creditors.

DGTR

It refers to Directorate General of Trade Remedies.

It functions under the Ministry of Commerce and is

the apex National Authority to administer and

investigate all trade remedial measures. The

directorate deals with anti-dumping duty,

safeguard duty, and countervailing duty.

The arm of the Ministry of Commerce, DGTR has launched ARTIS (Applications for Remedies

in Trade for Indian Industry and other Stakeholders).It is developed for the presentation of

requests, responses and other related presentations regarding various commercial

corrective measures.

Economic News


ARTIS : It is an online system which will be used for the filing of anti-dumping applications by

the domestic industry with an aim to facilitate speedy resolution to the injury faced by the

Indian domestic industry and to increase the accessibility of directorate to all the

stakeholders.The online system is presently functional for filing of applications by domestic

industry in original investigation and concluding investigation of anti-dumping cases.

Modules for other types of applications like the review of new-shippers , anti-

circumvention, mid-term review and for filing of responses by exporters, importers, users

within anti-dumping and modules for anti-subsidy, safeguard and quantitative restriction

cases will be launched shortly.

CBDT

It refers to the Central Board of Direct Taxes.

Ministry of Finance Ms. Nirmala Sitharaman

launched a computer-generated Documentation

Identification Number (DIN) system of the Central

Board of Direct Taxes (CBDT) on 1 October 2019 to

ensure greater transparency and accountability in

tax administration. On the day of launching, nearly about 17,500 communications with DIN

were generated. The introduction of DIN will make every CBDT communication to have a

documentation identification number. It will apply to all kind of communications from

Income Tax (IT) Department, whether it is related to investigation, assessment, rectification,

appeals and penalty among other things.

DIN : It refers to Documentation Identification Number (DIN) system. The system has been

created as per the direction of Union Finance Minister Ms. Nirmala Sitharaman.The

Provisions of the DIN is that any communication from the Income Tax (IT) Department

without a computer-generated DIN, including letter, order, notice and summon or any

other correspondence, would treated invalid. Verification on the e-filing portal is a must for

all communication with DIN and no communication would be issued manually without the

DIN except if it falls under the specified exceptional circumstances. If there is any

communication issued manually under exceptional circumstances then in this case it would

have to be uploaded and regularised on the system portal within 15 days of its issuance. The

benefits of the DIN system are that it is expected to ensure greater accountability and

transparency in tax administration. The tax payers would also detect fake notices and letters

because of the notices being verified on e-filling portal department.


IRCTC IPO

It refers it the Indian Railway Catering and Tourism

Corporation (IRCTC) and IPO refers to initial public

offer.

The initial public offer (IPO) of Indian Railway

Catering and Tourism Corporation (IRCTC), which

closed for subscription on Thursday, has created a

record in terms of the highest-ever subscription for a public issue of a government-owned

company. It got subscribed more than 112 times than its actual decided numbers.

It has not only become the highest-ever subscribed government-owned company for a

public issue but also a first PSU (Public Sector Undertaking) which has been subscribed for

more than 100 times.

IPO Price Band : It means that the companies that are allowed to launch IPOs can decide the

price of their shares but those companies which are in the field of infrastructure and some

other sectors have to get permission from SEBI and the Reserve Bank first. The price band is

decided by the company's board of directors, along with Bookrunner. Maximum 20 per cent

price band is allowed in India. The price band cannot be more than 20 per cent above the

floor price of the share.

Repo rate

Repo rate is the rate at which the central bank of a

country (Reserve Bank of India in case of India)

lends money to commercial banks in the event of

any shortfall of funds. Repo rate is used by

monetary authorities to control inflation.

The 4th bi – monthly policy review has been released by Reserve Bank of India (RBI). It has

reduced the repo rate by 25 base points to 5.15%. for the fifth consecutive time this year by

RBI governor Shaktikanta Das led panel. The current inflation of India is 3.21%. This is below

the RBI target of 4%. It is the lowest since 2010.


Viju Khote

The veteran Hindi and Marathi film-theatre actor

passed away due to multiple organ failure on

September 30. He was 77. The actor, most famous

for playing the dacoit Kalia in 'Sholay' and Robert in

'Andaz Apna Apna', died at his residence. The

character of Kalia in the film Sholay potrayed by

him left deep impression on the hearts of people even today. Viju Khote was also praised for

his outstanding performance in several Marathi films. Viju Khote started his career in the

year 1964. He also performed a memorable role in TV Show Zabaan Sambhalke.

Air Chief Marshal RKS Bhadauria

Air Chief Marshal Rakesh Kumar Singh Bhadauria

on the 30th of September took charge as the new

Chief of the Indian Air Force (IAF). He is now the

26th Chief of the Air Staff of the Indian Air Force.

He succeeds Air Chief Marshal BS Dhanoa, who

retired after 41 years of service in the IAF.

Bhadauria an alumnus of National Defence Academy (NDA) was the Vice Chief of Air Staff

(VCAS). He won the coveted Sword of Honour for standing first in overall order of merit.

During his 39-year-long career, he commanded a Jaguar squadron and a premier Air Force

Station. He even devised a method for carrying bombing from the Jaguar aircraft using the

Global Positioning System (GPS) which played an important bombing role in Operation

Safed Sagar in 1999. He also has 4,250 hours of flying experience on 26 types of fighters and

transport aircraft. He was among the few air force pilots to fly the Rafale fighter jet. He flew

the aircraft in July 2019, during Exercise Garuda between Air Forces of India and France. He

played a key role in procuring the 36 multirole Rafale fighter jets for India as the Chairman

of the Indian team that negotiated the deal with France. The new IAF chief had served as Air

Officer Commanding-in-Chief (AOC-in-C), Southern Air Command from March 2017 to

August 2018. He has held several important positions in the IAF such as Commandant at

National Defence Academy, Senior Air Staff Officer at the Central Air Command and Vice

Chief of Air Staff from January 2016 to February 28, 2017.

People in News


RKS Bhadauria has been awarded several medals including the Ati Vishisht Seva Medal, the

Vayu Sena Medal, and the Param Vishisht Seva Medal. He was appointed honorary Aide De

Campe to the President of India in January this year.

Pandit Jasraj

He is a famous Indian classical music legend.

Sangeet Martand Pandit Jasraj was born 28 January

1930 is an Indian classical vocalist. belonged to the

Mewati gharana (musical apprenticeship lineage).

He received his primary education of music at

home. He was trained by his elder brother Pandit

Maniram and then later Gulam Kadar Khan of Mewat Gharana trained him. His musical

career has spanned more than 80 years and led to numerous major awards. He was

awarded Padma Vibhushan (2000), Padma Bhushan (1990), Padma Sri (1975), Lata

Mangeshkar Award among many more. He has taught music in India, Canada and the US.

The International Astronomical Union (IAU) officially announced by the IAU with a citation

on 23 September. It was said in a quote that classical music legend Pandit Jasraj is the

pioneer of Indian classical singing. The minor planet 2006 VP32 orbiting sun between the

orbits of Mars and Jupiter 2006 that was discovered on November 11, by A NASA-funded

project Catalina Sky Survey will be named after the legendary singer Pundit Jasraj. He has

become the first Indian to have a celestial body named after him. Earlier, other artists like

Mozart, Tenor Luciano Pavarottia and Beethoven have received this honour

Minor Planet : It is a planet orbits the sun but it doesn’t look like a planet or comet. The

Ceres, found in 1801, was the first minor planet. Minor Planets are also known as dwarf

planets. More than 4 lakh minor planets have been discovered till date, however, 15,000

minor planets have been given official names.

Kalli Purie

She is a graduate in Politics, Philosophy &

Economics from the Oxford University in England.

She is currently serving as the Vice-Chairperson of

the India Today Group. She began her work with

the India Today Group as a marketing executive and

reporter for the magazine, India Today, in 1996. She

leads a wide range of media verticals including Aaj Tak, India Today Television, Aaj Tak HD,

Tez, a digital newspaper, apps, and Dilli Aaj Tak. She is a well-received speaker at

international (FIPP, GEN) and national media (AIM, E4M, FRAMES) industry events. In March

2017, She was named as the 5th most powerful woman at the sixth edition of Impact


Magazine’s Awards. Just two weeks after receiving the Outstanding Media & Entertainment

Award' at the annual 21st Century Icon Awards in London, She was honoured with “India’s

Most Powerful Women in Media” award. She received the global honour at the prestigious

Confluence Excellence Awards at the British Parliament on September 27, 2019.

Confluence Excellence Awards : Confluence Foundation whose chairperson and founder is

Smita Srivastav is the main organizer for the event. This was the second edition of the

awards.The award aims to recognize individuals for their innovative leadership and the

success they have achieved through revolutionizing their field of work.

Kavitha Gopal

She created history by becoming the first girl

student of the Indian Institute Technology-Madras

to win the President of India Prize. This is the first

time a girl student has won the award in 60 years.

She received the prize and medals from Prime

Minister Narendra Modi on the Institute’s 56th

convocation.

With a CGPA of 9.95, she bagged the Bharat Ratna M. Visvesvaraya Memorial Prize and the

B. Ravichandran Memorial Prize for the highest CGPA in B. Tech CSE. She shared the first

two prizes with Pradyumna Venkatesh Chari of B. Tech (Electrical Engineering). She is

graduated with a B.Tech degree in Computer Science and Engineering.

She is a student of the 2015-19 Computer Science batch. She studied at the Atomic Energy

Central School, Anupuram and later at the Kendriya Vidyalaya, Kalpakkam. She is currently

working as a software engineer at Google India, Bengaluru.

Surjit Bhalla

He is an Indian economist, author and columnist. He

was appointed as a member of newly-formed

Economic Advisory Council to the Prime Minister of

India, Narendra Modi. He resigned as a member of

PMEAC on December 1, 2018. The Indian

government appointed economist Surjit S Bhalla as

the executive director of the International Monetary Fund (IMF) for a period of three years.

The post which is technically called executive director, fell vacant after Subir Gokarn died in

July this year. The Appointments Committee of the Cabinet has approved his appointment.


Sachin Tendulkar

He is an Indian former international cricketer and a

former captain of the Indian national team. He is

widely regarded as one of the greatest batsmen in

the history of cricket. He is the highest run scorer of

all time in International cricket.

The Cricket legend was awarded the most effective Swachhata ambassador award at the

Safaigiri 2019 organized by the India Today group by the President Ram Nath Kovind on the

occasion of 150th birth anniversary of Mahatma Gandhi. He was chosen because he utilized

his fame and popularity to ensure India achieved its goal of Swachh Bharat. Prime Minister

Modi had nominated him as one of India's swachhata ambassadors’ in 2014. Sachin

Tendulkar launched Mission – 24 that aimed at improving the quality of Mumbai East ward

as Mumbai was ranked the lowest in the Human Development Report. Sachin Tendulkar has

been promoting cleanliness drives in India for almost 10 years. Tendulkar was honoured

with Bharat Ratna in 2014, becoming the youngest recipient of the highest civilian award in

the country.

Safaigiri Awards : It is an initiative of India Today group to celebrate the champions of

Clean India campaign. The awards include cleanest village, cleanest religious place, cleanest

railway station and cleanest city.



Bengaluru

Bharatiya Janata Party (BJP) corporator from

Jogupalya, Gowtham Kumar who was their official

candidate won the election for the post of mayor of

Bruhat Bengaluru Mahanagara Palike (BBMP). He

defeated his Congress rival R Sathyanarayana by 17

votes. He won by 17 votes with 129 votes in his

favour, while 112 votes went to the Congress candidate. He will replace Congress leader

Gangambike Mallikarjun. This is the first time BJP has won the post in four years.

Haryana

Congress releases list of 84 candidates for the

upcoming Haryana Assembly polls. The party on

Thursday fielded 16 out of the 17 sitting MLAs

barring Renuka Vishnoi who represented the Hansi

constituency. Former CM Bhupinder Singh Hooda

will contest from Garhi Sampla-Kiloi seat, party

spokesperson Randeep Surjewala will contest from Kaithal seat while both sons of former

CM late Bhajan Lal have been fielded by the party, with Kuldeep Vishnoi from Adampur, in

Hisar, and his brother and former deputy chief minister Chander Mohan from the Panchkula

seat . Elections to the 90-member Haryana Assembly will be held on 21 October and results

will be declared on 24 October.

Rajasthan

Rajasthan Government under the Food Security Act

banned certain categories of Pan Masala and

flavoured Tobacco products made of magnesium,

carbonate, nicotine and mineral oil and flavoured

supari on the occasion of the 150th birth

anniversary of Mahatma Gandhi. Rajasthan is the

third state after Maharashtra and Bihar to announce such a move. State medical and health

minister Raghu Sharma, making the announcement stated that the initiative has been taken

in accordance to the Food Security Act 2006. All food security offices of the state have been

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directed to check the sale, distribution and production of such products. Now any kind of

sale, production or storage of these products will not be allowed in the Rajasthan. Earlier,

the Government has banned e-cigarettes and hookah-bars in the state. The initiative has

been taken to prevent youths from getting addicted to such tobacco products.

In India, according to Cancer Society of India. the incidence of cancer is increasing rapidly

and chewing tobacco is majorly blamed for mouth cancer in the country. Tobacco can cause

various types of cancer like mouth, lung, throat, bladder, kidney, stomach, colon and many

other organs of the body can be affected.

Chattisgarh

Government of Chhattisgarh, on October 2, 2019,

under the leadership of Chief Minister Bhupesh

Baghel launched 5 new schemes namely

Mukhyamantri Suposhan Abhiyaan, Mukhyamantri

Shahariya Slum Swasthya Yojana, Mukhyamantri

Haat Bazaar Clinic Yojana, Universal PDS Scheme

and Mukhyamantri Ward Karyalaya.

Mukhyamantri Suposhan Abhiyan : The Chief Minister Nutrition Scheme or the

Mukhyamantri Suposhan Abhiyan was started in June 2019. Under the scheme, fresh and

nutritious food is provided to malnourished children and anaemic women with the help of

panchayats and self-help groups.

Mukhyamantri Haat Bazaar Clinic Yojana : Under the (Chief Minister Market Clinic Scheme)

or the Mukhyamantri Haat Bazaar Clinic Yojana, mobile teams of health department along

with doctors and necessary equipment will visit local haat-bazaars to provide health

facilities in remote tribal and forest areas of the state.

Mukhyamantri Shahariya Slum Swasthya Yojana : Under the Chief Minister Market Clinic

Scheme or Mukhyamantri Shahariya Slum Swasthya Yojana, mobile medical team along with

available health facilities will cater to health care needs of over 7 lakh 80 thousand people.

At the beginning, 3 mobile medical teams will be deployed in Raipur, 2 each in Bhilai and

Korba and one each in other municipalities.

Universal PDS Scheme : Under the Public Distribution System or the Universal PDS Scheme

the general category families are eligible for food grains. Families with single member will

be eligible to get 10 kg of rice per month, family of 2 will receive 20kg rice per month and

family with three or more members will receive 35kg of rice per month at a cost of Rs 10 per

kg.

Mukhyamantri Ward Karyalayas : Under Chief Minister Ward Offices or Mukhyamantri

Ward Karyalayas, citizen services and facilities will be provided immediately to city people.



Documents

International · 2019-10-08 · 5 Myitkiyina, Hongkong, Singapore, Malaya, Bahrain, Iraq and Persia and won multiple gallantry awards namely four Military Crosses, one Medal of the