Current Affairs Current Affairs October 2019

  Vishnu Nandan, polar researcher from Kerala will join largest ever Arctic expedition “MOSAiC Expedition“. He will be the only Indian aboard among the 300 researchers for multidisciplinary drifting observatory for the Study of Arctic Climate expedition. Vishnu Nandan will aboard the German research vessel Polarstern, anchored on a large sheet of sea ice in the Central Arctic, drifting along with it during the pitch-black Polar winter. Led by the Alfred Wegener Institute in Germany, MOSAiC, the largest ever Arctic expedition in history, will be the first to conduct a study of this scale at the North Pole for an entire year. The expedition will help the researchers better understand the impact of climate change and aid in improved weather projections.
Source: The Hindu

  German World Cup champion Bastian Schweinsteiger has announced his retirement from soccer. Schweinsteiger spent a major part of his career with European giants Bayern Munich, where he won 8 Bundesliga titles and 7 German cups as well as the Champions league in 2013. He made over 300 appearances for the Bavarian side, scoring 45 goals from 2002-2015.
Source: The DD News

 The Central government has increased the Dearness Allowance (DA) of Central government employees and pensioners. The government has hiked DA by 5%, which means the dearness allowance has been increased from 12% to 17%. The decision was approved in a cabinet meet chaired by Prime Minister Narendra Modi. The hike would be effective from July 2019. The cost to the exchequer will be Rs 16,000 crore. The cabinet also approved inclusion of 5,300 families under the development package of Jammu & Kashmir, who initially opted to move outside the state, but later returned and settled in the Jammu & Kashmir. This will enable such development package families to become eligible to get one-time financial assistance of Rs 5.5 lakh under the existing scheme. Cabinet has also relaxed the mandatory requirement of Aadhaar-seeded data as a pre-condition for release of funds to the beneficiaries under the Pradhan Mantri Kisan Samman Nidhi scheme. The relaxation will be till 30th November 2019. It will enable immediate release of benefits to a large number of farmers who are not able to avail the same due this requirement.
Source: The Economic Times

  “DHRUV” a Pradhan Mantri Innovation Learning Programme has commenced from Indian Space Research Organisation (ISRO) in Bengaluru and will conclude at IIT, Delhi. The programme aims to further sharpen innovative imagination, skills and knowledge of the students who are expected to contribute to bringing solutions to socio-economic, political and environmental issues in the country. 60 brightest and talented students from Science, Mathematics and Performing Arts have been chosen for the programme.
Source: The DD News

  Jal Shakti Minister has launched an initiative ‘Ganga Amantran’. The initiative has been launched to connect with the stakeholders of the river. It is a pioneering exploratory open-water rafting and kayaking expedition on the Ganga river. The expedition will start at Devaprayag and culminate at Ganga Sagar covering the entire stretch of over 2500 kms of the River. Ganga Aamantran is the 1st ever effort by National Mission for Clean Ganga to raft across the entire stretch of the river. It is also the longest ever social campaign undertaken through an adventure sporting activity to spread the message of River Rejuvenation and Water Conservation on a massive scale.
Source: The News On AIR

  The Reserve Bank of India has given the go-ahead to the Kerala government to amalgamate 13 district cooperative banks (DCBs) with the Kerala State Cooperative Bank to form the proposed “Kerala Bank”. Except the Malappuram District Cooperative Bank, all district banks had approved the scheme of amalgamation proposed by the State government at their respective general body meetings. Now, the government have to complete the stipulations laid for merger and submit a compliance report to the apex bank before March 31, 2020. RBI also insisted that the State government would have to consistently infuse additional capital and also put in place a well-defined governance structure by amending the KSCS Act.
Source: The Hindu

  The Central Government has constituted a committee of officers to suggest measures to augment GST revenue collections and administration. The terms of reference of the panel includes making suggestions related to systemic changes in goods and services tax (GST) including checks and balances to prevent misuse and measures to improve voluntary compliance. The panel has also been given the task to give inputs on measures for the expansion of the tax base. The committee have to submit its 1st report within 15 days to the GST Council Secretariat.
Source: The Hindu

  Infosys has been selected as the main supplier to deliver Volvo Cars’ digital transformation services for its enterprise digital commercial operations applications and products. Infosys will offer next generation application services leveraging its global delivery model (GDM), agile delivery, automation and other service optimisation levers to deliver effective service operations. Based on the Scale Agile Framework (SAFe), Infosys will enable transformation of application management and application development deliveries to a 100% agile operating model.
Source: The Hindu

  Reliance Mutual Fund has been renamed as “Nippon India Mutual Fund“. The organization was renamed following the purchase of 75% stake in Reliance Nippon Life Asset Management by Nippon Life Insurance. Nippon India Mutual Fund has become the largest foreign-owned Asset Management Company in India. Sundeep Sikka will continue to lead company as the CEO.
Source: The Hindu

  The 1st Government-sponsored and operated Day-Care cum Recreation Centre for senior citizens has been inaugurated in Leh. The day care Centre, co-sponsored by Government and the District Legal Service Authority will provide a raft of medical facilities including geriatric care, health consultations and check-ups, physiotherapy to the senior citizens. It would also provide legal service, the senior citizens would require on various legal issues. The premise would be a one stop-shop for entertainment, medical services and legal aid for the aged people of the Ladakh region.
Source: The DD News


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