 State-owned Israel Aerospace Industries (IAI) has won an additional $777 million contract to supply LRSAM air and missile defence systems to seven ships in the Indian navy. The contract is with the Bharat Electronics Ltd (BEL), which is the main contractor in the project. The LRSAM, part of the Barak 8 family, is an air and missile defence system used by Israel’s navy as well as India’s navy, air and land forces. With this deal, sales of the Barak 8 over the past few years total over $6 billion. |
| Source- The Livemint |
 The 2018 United Nations Day Concert was held in the General Assembly Hall at United Nations Headquarters in New York. Soulful music from the strings of the sarod maestro Amjad Ali Khan reverberated in the iconic Assembly hall. The theme of this year’s concert, which is sponsored by the Permanent Mission of India to the United Nations, is “Traditions of Peace and Non-violence”. |
| Source- AIR World Service |
 The United Nations Day is celebrated on 24th of October every year. The Day marks the anniversary of the entry into force in 1945 of the UN Charter. With the ratification of this founding document by the majority of its signatories, including the five permanent members of the Security Council, the United Nations officially came into being. 24 October has been celebrated as United Nations Day since 1948. In 1971, the United Nations General Assembly recommended that the day is observed by Member States as a public holiday. |
| Source- The United Nations |
 The General Assembly in 1972 established World Development Information Day to draw the attention of the world to development problems and the need to strengthen international cooperation to solve them. The Assembly decided that the date for the Day should coincide with United Nations Day, 24 October, which was also the date of the adoption, in 1970, of the International Development Strategy for the Second United Nations Development Decade. |
| Source- Press Information Bureau (PIB) |
 India captain Virat Kohli has become the fastest batsman to score 10,000 runs in the history of ODI cricket, achieving the feat in his 205th innings, against Windies. The 29-year-old overtook Sachin Tendulkar, who had reached 10,000 ODI runs in his 259th innings, against Australia in 2001. Kohli also slammed his 37th ODI hundred, reaching the landmark in 116 fewer innings than Sachin Tendulkar. Kohli scored his 37th ODI hundred in his 205th innings, while Sachin had reached the milestone in his 321st innings against Pakistan in 2004. |
| Source- India Today |
 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
|
| The Cabinet has approved- 1. Signing and ratification of Extradition Treaty between India and Malawi.2. Creation of one post of Director in the basic pay of Rs. 2,25,000/- (fixed) plus NPA but not exceeding Rs.2,37,500/- each for new AIIMS at Rae Bareli, Gorakhpur, Bathinda, Guwahati, Bilaspur and Deoghar.3. Scheme for setting up of Indian Institute of Skills at different locations across the country in PPP modes.4. Appointment of Adjudicating Authority and establishment of Appellate Tribunal under Prohibition of Benami Property Transactions Act, 1988.5. MoU amongst BRICS nations regarding cooperation in the social and labour sphere.6. MoU between India and Singapore on setting up of a joint working group on FinTech.7. MoU between the Institute of Chartered Accountants of India and Certified Professional Accountants Afghanistan (CPA Afghanistan).8. MoU among BRICS Nations on Environmental Cooperation.9. Signing of Bilateral Investment Agreement between India Taipei Association in Taipei and the Taipei Economic and Cultural Center in India.10. National Monitoring Framework on Sustainable Development Goals.11. Creation of Fisheries and Aquaculture Infrastructure Development Fund (FIDF).12. Increase in supervisory visit charges for ASHA Facilitators.13. The New Railway Line between Bahraich and Khalilabad, Uttar Pradesh. |
| Source- Press Information Bureau (PIB) |
| State-owned Israel Aerospace Industries (IAI) has won an additional $777 million contract to supply LRSAM air and missile defence systems to seven ships in the Indian navy. The contract is with the Bharat Electronics Ltd (BEL), which is the main contractor in the project. The LRSAM, part of the Barak 8 family, is an air and missile defence system used by Israel’s navy as well as India’s navy, air and land forces. With this deal, sales of the Barak 8 over the past few years total over $6 billion. |
| Source- The Livemint |
 Fino Payments Bank, one of India’s first payments banks, has been allowed to open new accounts by RBI after it submitted a compliance report. It had been barred by the central bank from adding new customers since the end of May. An RBI audit revealed that some Fino accounts had deposits in excess of the stipulated amount of INR 1 lakh. Airtel Payments Bank were also barred from onboarding new customers earlier. In July, the RBI had lifted the ban on Airtel Payments Bank. |
| Source- Business Standards |
 The Union Government has sent CBI Director Alok Verma on leave. Verma was appointed as CBI Director in 2016 for two years and his tenure ends in December 2018. The decision was taken by the Appointments Committee of the Cabinet (ACC). The committee also issued an order appointing M Nageshwar Rao as Director of the Central Bureau of Investigation (CBI). Rao is presently working as Joint Director at the CBI. Rao will take over the duties and functions of CBI Director with immediate effect. |
| Source- The Hindu |
 The ‘Invest India’ initiative of the Union Government won the top United Nations Investment Promotion Award in recognition of its efforts to boost investments in the renewable energy sector in India. The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, in Geneva, Switzerland at the inauguration of the World Investment Forum organised by the UN Convention on Trade and Development (UNCTAD). |
| Source- News 18 |
You need to login to perform this action.
You will be redirected in
3 sec
