National News
1. Important Cabinet Approvals: 03rd October 2018
i. The Union Cabinet chaired
by Prime Minister Narendra Modi has given the following set of
approvals. The important Cabinet Approvals are given as follows-
ii. The Cabinet has
approved-
1. Redevelopment of Railway
Stations by IRSDC as Nodal Agency, through simplified
procedures and longer lease tenure.
2. Cabinet Hikes MSP of
Rabi Crops
i. Cabinet Committee on
Economic Affairs, CCEA, has increased the Minimum Support Price
(MSP) for all Rabi crops for the current financial
year which will be marketed in 2019-20 season. The MSP of wheat has been raised
by 105 rupees per quintal, Masur by 225 per quintal, and Gram by 220 per
quintal.
ii. According to Union Minister Ravishankar Prasad, the decision is a step towards doubling the farmers' income. The decision will give additional return to the farmers of 62,635 crore rupees by way of increasing the MSP of notified crops to at least 50 per cent return over cost of production.
ii. According to Union Minister Ravishankar Prasad, the decision is a step towards doubling the farmers' income. The decision will give additional return to the farmers of 62,635 crore rupees by way of increasing the MSP of notified crops to at least 50 per cent return over cost of production.
3. National Khadi Festival 2018 Held in Mumbai
i. The National Khadi
Festival 2018 is
being organised by Khadi and Village Industries Commission (KVIC) to
promote Khadi products.
ii. The festival was
inaugurated by Union Minister for Micro Small & Medium Enterprises, Giriraj
Singh in Mumbai on the occasion of Gandhi Jayanti 2018. The main objective of
the festival is to promote the products of cottage industry and create
awareness regarding the art of states.
Static/Current
Takeaways Important for RRB Clerk Mains Exam 2018-
·
Vinai Kumar Saxena is the present chairman of KVIC.
4. First Regional
Conference on 'Women in Detention and Access to Justice' in Shimla
i. The Bureau of Police
Research and Development (BPR&D), Ministry of Home Affairs is organising the First ever
Regional Conference at Shimla on 'Women in Detention and Access to
Justice' in collaboration with the Prison Department, Himachal
Pradesh.
ii. The Conference was
inaugurated by Shri Acharya Devvrat, the Governor of Himachal
Pradesh. Expected Outcome of the Conference will be to help in ensuring better
implementation of Prison Reform and Rehabilitation Program in
order to improve the conditions of Women Inmates and their Access to Justice.
Static/Current
Takeaways Important for Indian Bank PO Exam 2018-
·
The
Supreme Court has constituted a three-member committee headed
by its former judge Justice Amitava Roy to look into the
aspect of jail reforms.
5. India and ADB sign $ 150 Million Loan Agreement to support India’s First Global Skills Park
i. Asian Development Bank
(ADB) and
the Government of India signed a $150 million Loan Agreement
in New Delhi to establish a Global Skills Park (GSP) in Madhya Pradesh,
the First Multi-Skills Park in India, to enhance the quality of Technical
and Vocational Education And Training (TVET) System in the State and
create a more skilled workforce.
ii. This Project will
help improve the quality and relevance of the State’s TVET programs and will
help impart advanced job-ready skills training of international standards that
can meet the employment needs of the State’s emerging sectors.
Static/Current
Takeaways Important for Indian Bank PO Exam 2018-
·
The
Asian Development Bank is a regional development Bank established in 1966.
·
Headquarters of ADB is in Manila, Philippines.
·
Takehiko Nakao is Present President of the Asian Development Bank.
6. NMCG Partnered
with TSAF to Launch “Mission Gange”
i. National Mission for
Clean Ganga (NMCG) has
partnered with Tata Steel Adventure Foundation (TSAF) to
launch a month-long rafting expedition of a team of 40 members which will be
led by the first Indian woman to scale Mount Everest Ms. Bachendri
Pal.
ii. The expedition will start
from Haridwar on October 5th 2018 traversing a distance of around 1500 km
encompassing 8 major towns. It will conclude in Patna in
Bihar.
7. Russian President
Vladimir Putin In India On 2-Day Visit
i. Russian President
Vladimir Putin reached
New Delhi on a two-day visit to India. He will attend the 19th
India-Russia Annual Bilateral Summit in New Delhi. During the visit,
President Putin will hold delegation level talks with Prime Minister Narendra
Modi.
ii. The Russian President
will also address the India-Russia Business Summit and will
interact with a group of talented children.
Static/Current Takeaways
Important for NIACL Mains Exam 2018-
·
Russian Capital: Moscow, Currency: Ruble, President: Vladimir
Putin.
Important Days
8. World Animal Day: 4
October
i. World Animal Day is celebrated at various
parts of the world on 4th October to raise the status of
animals in order to improve welfare standards around the globe.
ii. World Animal Day was
originated by Heinrich Zimmermann. He organized the first World Animal Day on
24 March 1925 at the Sports Palace in Berlin, Germany.
Resignation
9. Chanda Kochhar Quits As
CEO of ICICI Bank
i.
Chanda Kochhar has quit as CEO of ICICI Bank with immediate effect. The
private lender has appointed Sandeep Bakhshi as managing director and
chief executive officer for five years, subject to regulatory
approval.
ii. In June, a panel was set up
under retired Supreme Court judge Justice Srikrishna to probe allegations
against Chanda Kochhar.
Static/Current Takeaways
Important for Indian Bank PO Exam 2018-
·
ICICI Bank stands for Industrial Credit and Investment Corporation of
India.
·
Headquarters of ICICI Bank: Mumbai.
Business News
10. RBI
Allows State-Owned Oil Companies To Borrow Long Term Working Capital
i. The Reserve Bank of
India (RBI) has allowed
state-owned oil companies to borrow long-term working capital from overseas. RBI
relaxed the policy on borrowing up to 10 billion US dollar from
the overseas by the state-owned fuel retailers.
ii. Till now oil marketing
companies including Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan
Petroleum Corp Ltd, were not allowed to raise External Commercial
Borrowing (ECB) for working capital needs on a long-term basis. Now,
the RBI has allowed them to raise ECB of minimum maturity of 3 or 5
years.
Static/Current Takeaways
Important for Indian Bank PO Exam 2018-
·
Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established
on- 1st April 1935, in Kolkata.
Awards
11. Swachh Survekshan Grameen Awards 2018 Announced
i. Prime Minister Narendra
Modi gave
awards to top Ranked State, District and State with maximum citizen
participation based on the National Swachh Survekshan Grameen
2018 commissioned by Ministry of Drinking Water and Sanitation.
ii. Haryana was ranked
as the best State while Satara District of Maharashtra was ranked as
the best district as per the ranking undertaken by Swachh Survekshan
Grameen 2018.
(A) Top 3 States-
1. Haryana,
2. Gujarat,
3. Maharashtra.
(B) Top 3 Districts-
1. Satara, Maharashtra,
2. Rewari, Haryana,
3. Pedapalli,
Telangana.
Ranks and Reports
12. Mukesh Ambani Richest
Indian For 11th Consecutive Year: Forbes
i. Reliance Industries’
Chairman Mukesh Ambani has emerged as the richest Indian for the 11th
consecutive year with a net worth of USD 47.3 billion, according
to Forbes magazine. Ambani is also the year’s biggest gainer, adding
USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio
broadband telco service.
ii. As per the ‘Forbes
India Rich List 2018’, Wipro Chairman Azim Premji has retained the
second spot; while ArcelorMittal Chairman and CEO Lakshmi Mittal moved a place
ahead to the third slot with a net worth of USD 18.3 billion.
Static/Current Takeaways
Important for Indian Bank PO Exam 2018-
·
Forbes- American Business Magazine, Founded in- 1917.
·
Headquarters- New York City, USA.
Sports News
13. 18-Year-Old Prithvi
Shaw Youngest Indian To Score Century On Test Debut
Prithvi Shaw |
i.
Prithvi Shaw has
become the youngest Indian to score a century on Test debut, achieving
the feat aged 18 years and 329 days against Windies in Rajkot,
Gujarat. Shaw broke the 59-year-old record set by AA Baig (20 years
and 126 days).
ii.
Shaw is only the second Indian after Sachin Tendulkar to score a Test ton
before turning 19. Prithvi Shaw captained India Under-19 to World Cup victory
in February 2018.