Current Affairs Current Affairs October 2018

 Renowned harmonium player Pandit Tulsidas Borkar passed away in Mumbai. He was 84. He was being treated for chest infection. Born in Goa, Borkar made a name for himself as an accomplished harmonium player and was conferred with the Padma Shri award in 2016. He was also a recipient of the Sangeet Natak Akademi Award. 
Source- Business Standard

 According to Association of Mutual Funds of India’s (AMFI) statistics, Maharashtra tops the chart for state with the maximum penetration and Assets Under Management (AUM). Also, as per August, average assets under management (AUM) of mutual funds rose to an all-time high of Rs 25.2 lakh crore across the country. For Maharashtra, it touched Rs 10.35 lakh crore, about 41.1% of the all-India total. It is followed by Delhi having Rs 2.35 lakh crore and Karnataka having Rs 1.76 lakh crore.
Source- DD News

 Prime Minister Narendra Modi has inaugurated various projects in Gujarat. He inaugurated modern food processing facilities, including Amul’s ultra-modern Chocolate Plant in Anand. Development projects worth Rs. 1100 crore have either been inaugurated or their foundation stones have been laid.  These projects are associated with the dairy, food processing, agriculture and energy sectors. 
The Various Projects launched/Inaugurated are as follows: 
  • PM was in Anand to inaugurate a state-of-the-art Amul chocolate plant set up with an investment of about Rs. 190 crore. 
  • PM launched Mujkuva Solar Energy Cooperative Group created with the assistance of the National Dairy development Board. 
  • PM also inaugurated a take-home ration plant with production capacity of 600 tonnes per day and a ready-to use therapeutic food plant with monthly capacity of 600 tonnes along with the incubation center cum center of excellence in food processing for promoting entrepreneurs and start ups.
  • PM inaugurated the Mahatma Gandhi Museum in Rajkot. 
  • PM inaugurated the Mundra LNG terminal, the Anjar-Mundra Pipeline Project and the Palanpur-Pali-Barmer pipeline project, at Anjar. 
  • Source- DD News

     The Government constituted a seven-member ministerial panel headed by Bihar Deputy Chief Minister Sushil Modi to examine modalities for revenue mobilisation in case of natural calamities and disasters. The panel would look into five issues flagged by the Council, including whether the new tax should be levied only in the state concerned or should it be an all-India levy, and that should it be on specified luxury or sin goods only.
    Source- The Times of India

     In pursuance of its objective of ensuring that Legislation is in sync with the needs of strong economic fundamentals, the Government has constituted a Competition Law Review Committee to review the Competition Act. The Committee will be headed by Injeti Srinivas, Secretary of the Union Ministry of Corporate Affairs. The Competition Act was passed in the year 2002 and the Competition Commission of India was set up in pursuance of the same. The Commission started functioning in right earnest from 2009.
    Source- Press Information Bureau (PIB)

     Assam Government has become the first Indian state to offer a Wage Compensation Scheme for pregnant women working in the tea gardens of the state. The scheme will be launched by Assam Chief Minister Sarbanand Sonowal in Guwahati. The announcement was made by the state’s Health and Finance Minister Himanta Biswa Sarma. Under the scheme, an amount of Rs 12,000 will be given to the pregnant women so that they can take care of themselves and the unborn baby. The compensation of wages to pregnant women will be given in 4 instalments – Rs 2,000 in the first trimester, Rs 4,000 in the second trimester, Rs 3,000 for institutional delivery and Rs 3,000 for registration of the child’s birth. 
    Source- All India Radio

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