Current Affairs Current Affairs October 2019

  Veteran Mumbai all-rounder Abhishek Nayar has announced his retirement from all forms of cricket. He represented India in 3 One Day Internationals but his record as a First Class player is more promising. He played 103 first-class games, most of them for Mumbai, and scored 5749 runs with 13 centuries and 32 fifties while taking 173 wickets in a career spanning a decade and a half. He also played 99 List-A games in which he amassed 2145 runs and picked 79 wickets.
Source: The Hindu

  Praveen Kumar has become the 1st Indian man to win a gold medal at the Wushu World Championships. He defeated Philippines’ Russel Diaz by 2-1 in the men’s sanda event in the 48kg category of the 15th World Wushu Championships held in Shanghai. Among other Indians, Poonam in women’s 75kg category and Sanathoi Devi in women’s 52kg category secured silver medals while Vikrant Baliyan bagged the bronze in the men’s 60kg category. Wushu Sanda is a martial art which combines full-contact kickboxing, including close range punches and kicks, with wrestling, takedowns, throws, sweeps and kick catches.
Source: The Hindu

  The Union Cabinet chaired by Prime Minister Narendra Modi has approved the merger of loss-making telecom firms BSNL and MTNL as part of a revival package. The Cabinet has also given in-principle nod to the merger of BSNL and MTNL and till modalities are in place, MTNL will be a subsidiary of BSNL The revival package includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees. The revival package for BSNL and MTNL includes raising of Rs 15,000 crore sovereign bonds and monetising Rs 38,000 crore of assets in next 4 years. Under the package, 4G spectrum worth Rs 20,000 crore will be administratively allotted to the two firms.
Source: The Hindu

  The 1st India-Bangladesh Stakeholders’ meet was held in Guwahati. Bangladesh was represented by Commerce Minister Tipu Munshi. India is the second-largest trading partner of Bangladesh. A 70-member delegation from Bangladesh is participating in the meet, while a similar top-level team will represent the host nation. The idea of the meet is to put Assam at the focus point of India’s trade expansion with the Association of Southeast Asian Nations as well as Bangladesh, Bhutan, and Nepal.
Source: The DD News

  Grasim Industries Limited has signed a definitive agreement to form a joint venture company in India with Maschinenfabrik Reinhausen GmbH (MR) of Germany. The joint venture is for the manufacturing and sale of Composite Hollow Core Insulators to serve the power transmission and distribution (T&D) industry globally. This joint venture will bring together Aditya Birla Insulators (a unit of Grasim) and Reinhausen Power Composites (a unit of MR). ABPCL will build a fully integrated CHCI plant at Halol, bringing the latest technology for Composite Hollow Insulators from Europe. It will serve the insulator requirements of Indian and global OEMs in the power equipment industry.
Source: The Hindu

  The AYUSH ministry has signed an MoU with the Defence Ministry to provide traditional medicine services at the armed forces’ hospitals and dispensaries. Minister of State for AYUSH Shripad Naik inaugurated an Ayurveda Palliative Care Unit at the Base Hospital in the Delhi Cantonment. Under the MoU, Ayurveda units will also be established at palliative care centres at the Army Research and Referral Hospital, Air Force Hospital, Hindon in Ghaziabad and five identified ex-servicemen Contributory Health Scheme (ECHS) polyclinics in Delhi–NCR.
Source: The Hindustan Times

  The Defence Research and Development (DRDO) has started work to produce hypersonic weapon missiles that travel at 5 times speed of sound, or a little over a mile every second. A wind tunnel to test and fine-tune the technology will be operational soon. Hypersonic weapons are specifically designed for increased survivability against modern ballistic missile defence systems. These missiles are capable of delivering conventional or nuclear payloads at speeds not imagined hiterto over long ranges.
Source: The Hindustan Times

  The State Cabinet of Assam has decided to make government jobs out of bounds for people with more than 2 children. The policy will come into effect from January 1, 2021. The Cabinet also adopted a new land policy that will make the landless indigenous people eligible for 3 bighas (43,200 sq. ft.) of land for farming and half a bigha for constructing a house. The beneficiary will be able to sell the given land only after 15 years of use.
Source: The Hindu

 The Insurance Regulatory and Development Authority of India has imposed penalties of Rs 1.01 crore on Cholamandalam MS GIC. The insurer was penalised for violations observed during an inspection. The penalty of Rs 1 crore is for violation of Clause 15 of Schedule I of IRDA (Health Insurance) Regulations, 2013 which clearly specifies that no commission shall be payable to any intermediary on the acceptance of a ported policy. The other penalty of Rs 1 lakh is for motor insurance and was for violating the outsourcing guidelines by agreeing to payment terms not in the interests of the insurer.
Source: The Hindu

  The latest 2 edition of Quacquarelli Symonds (QS) India University Rankings 2020 released. The Indian Institute of Technology Bombay (IITB) has again topped all Indian Institutes in the list with an overall score of 88.5 followed by IISc- Indian Institute of Science, Bangalore (ranked 2 with 84.7 score) & Indian Institute of Technology Delhi (IITD),which has improved a notch to rank 3 with 82.2 scores.
Source: The Hindustan Times


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