Current Affairs October 14 2019

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INDIAN AFFAIRS

Overview of 2nd India-China Informal Summit in Mahabalipuram, TamilNadu
The second informal summit between the Prime Minister(PM) of India Shri Narendra Modi and the President of the People’s Republic of China Mr Xi Jinping was held in Mahabalipuram,TamilNadu, on 11-12 October 2019. Previously, the first informal summit between the two nations was held in Wuhan, China in April 2018. Both leaders attended cultural programme at the shore temple in Mahabalipuram on the inaugural day of the meet.
i. During the summit, The Indian embassy in Beijing, China has announced relaxations in its e-visa policy for Chinese nationals, announced to set up a High-Level Economic and Trade Dialogue mechanism for trade and investment related issues ad also decided to designate 2020 as Year of India-China Cultural and People to People Exchanges. The year 2020 also marks the 70th anniversary of the establishment of India-China relations.
ii. Prime Minister Modi has accepted the invitation of President Xi to visit China for the 3rd Informal Summit……………………Click here to Read more

Overview of the first India International Cooperative Trade Fair (IICTF) 2019 held in New Delhi
i. 3 days long first India International CooperativeTrade Fair (IICTF) 2019 was held at Pragati Maidan in New Delhi from October 11-13, 2019. The fair was organised by National Cooperative Development Corporation (NCDC), in association with Bangkok(Thailand) based Network for the Development of Agricultural Cooperatives (NEDAC), and the ministries of Agriculture and Farmers Welfare, External Affairs, Commerce &Industry.The IICTF was conducted with the aim of doubling farmers’ income by promoting cooperative-to-cooperative trade within India & abroad as 94% of farmers in India are members of at-least one cooperative institution.
ii. 75 Memorandum of Understandings(MoU) were signed. 9 Thematic sessions related to cooperative business were held. India and Sri Lanka signed a total of 3 Memorandum of Interest (MoI) for supply of milk and milk products.Nationally and internationally, more than 120 Indian cooperatives and 20 organizations from Centre / State / UTs and  35 countries from six continents participated in IICTF……………………..Click here to Read more

PM Modi chaired a meeting on ‘Ek Bharat Shreshtha Bharat’ programme in New Delhi
On October 12, 2019, the Prime Minister(PM) of India Shri Narendra Modi chaired the meeting on ‘Ek Bharat Shreshtha Bharat’ program in New Delhi. The programme aims at enhancing interaction between people of different cultures from all the states and Union Territories(UT).

• It is a personal initiative of PM Modi, highlighting India’s cultural diversity in unity and also aims to develop perspective on important issues and help in celebrating the nation’s regional culture.
• The programme was first announced during the Rashtriya Ekta Divas on October 31, 2015 on the 140th birth anniversary of Sardarvallabhaipatel, the first deputy prime minister of India who worked for the nation’s unity.
• The 10th edition of the Rashtriya Sanskriti Mahotsav (RSM) under the Ek Bharat Shreshtha Bharat was inaugurated on October 14, 2019 in Jabalpur, Madhya Pradesh(MP) by the MP governor Shri LaljiTandon in presence of Culture and Tourism minister Prahlad Singh Patel. The festival is organised second time in MP by culture ministry and will be held until October 21, 2019………………….Click here to Read more

Health minister Harsh Vardhan launches SUMAN scheme for pregnant women at 13th CCCHFW in New Delhi
On October 10, 2019 the union health and family welfare minister Shri Harsh Vardhan launchedSurakshitMatritvaAashwasan(SUMAN) scheme during the 13th Conference of Central Council of Health and Family Welfare(CCCHFW) in New Delhi, to provide free maternity healthcare benefits.  Website for SUMAN and grievance redressal portal was also launched during the event.
i. Scheme aim: The aim of this scheme is to bring down mortality in infants and maternal mortality in the country.
ii.Eligible beneficiaries: The beneficiaries eligible for the scheme are pregnant women, mothers upto 6 months after delivery, and all sick newborns.

• Free 4 ante natal(during pregnancy) check-ups, checkup under Pradhan Mantri Surakshit Matritva Abhiyan(PMSMA), zero expense delivery and C-section(caesarean section) facility in emergency cases at public health facilities are some of the benefits that can be availed under the scheme………………………..Click here to Read more

1^st  National Hindi science writers conference 2019 held in Lucknow,Uttar Pradesh
First-ever 2-day long National Hindi Science writers conference was held at Dr. Shakuntala Mishra National rehabilitation university in Lucknow, Uttar Pradesh (UP) from October 11-12, 2019. Speaker of the UP assembly Hriday Narayain dixit has inaugurated the conference, which aims to promote use of Hindi and other Vernacular languages in science writing.
Key points:
i. Participation:  More than 1000 science writers from across India have gathered to discuss ways to promote Hindi and Indian languages in the field of science writing.
ii. A website called “www.vigyanlekhan.com” has been prepared for this conference.
About Uttar Pradesh:
Capital: Lucknow
Governor: Anandiben Patel
Chief Minister: Yogi Adityanath
National Parks: Dudhwa National Park
Wildlife Sanctuaries: Dr. Bhimrao Ambedkar Bird WLS ,Hastinapur WLS, Kaimur WLS ,Katerniaghat WLS ,Kishanpur WLS.

BIS will rank state capitals & smart cities with Water Quality Ranking to prevent water-borne diseases
On October 14, 2019, On the event of World Standards Day, Consumer Affairs Minister Mr Ram Vilas Paswan notified that the Bureau of Indian Standards (BIS) will rank all state capitals and 100 smart cities in Water Quality Rankings for quality tap water to prevent water borne diseases. The ranking will begin in the coming 3 months.
Key Points:
i. Quality of tap water at district level will also be tested in the next 6 months.
ii. BIS standards will be made mandatory on drinking water. They were voluntary in nature until now.
iii. Waterborne diseases are caused by drinking contaminated water which can cause diarrhea, Cholera, Typhoid and Dysentery. According to the latest union health ministry data available, at least 10,738 deaths were caused due to water-borne diseases over five years to 2017.
v. BIS is also working towards ‘One Nation, One Standard’ to bring clarity among consumers, manufacturers and to facilitate trade. The BIS is involved in international standardisation work of video standards through a technical committee which is responsible for video compression

INTERNATIONAL AFFAIRS

9th RCEP Intersessional Ministerial Meeting for 2019 held in Bangkok, Thailand
9th Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting was held in Bangkok, Thailand from October 11-12, 2019. It was the last Ministerial before the 3rd Leaders Summit for 2019, which will be held in Bangkok on November 4, 2019.
i. Trade ministers of 16 RCEP countries participated in the meeting.
ii. Union Minister of Commerce & Industry and Railways, Mr Piyush Goyal represented India at the meet…………………..Click here to Read more

BRICS culture ministers’ meeting 2019 held in Curitiba, Brazil
On October 13, 2019, Prahlad Singh Patel, the Union Minister of State for Culture and Tourism (Independent charge) has participated in BRICS (Brazil, Russia, India, China, and South Africa) Culture Ministers’ meeting 2019 held in Curitiba, Brazil. key points:
i. In view of the rich cultural heritage and traditions of all the members, India contribute towards strong relationships of friendship and cooperation in the fields of arts, museums and galleries, cultural heritage, archeology, literature, theater and films for children and youth etc.
ii. Under the aegis of collaborations in these areas, India has made a commendable effort to organize several programs in which all member countries participated well.
iii. A program called ‘Bonding Regions & Imagining Cultural Synergies’ is being organized by the National Gallery of Modern Art of India during November-December, 2019 under the aegis of BRICS Alliance of Museums and Art Gallerie.
About BRICS:
BRICS as an idea was coined in Foreign Ministerial meeting of Brazil, Russia, China and India in Newyork, United States (US) in September, 2006. BRIC officially came into existence in 2009 in Yekaterinburg, Russia. South Africa became its member in 2010.

BANKING & FINANCE

ICICI Bank launches new FD scheme called “FD health”
On October 14, 2019, Industrial Credit and Investment Corporation of India (ICICI Bank) launched a new Fixed deposit (FD) scheme called “FD health” which provides investors a complimentary critical illness cover on 33 critical illnesses for the customers who are in the age bracket of 18-50 years. Key Points:
i. For the first year, free of cost insurance cover will be provided which can be renewed later.
ii. Critical illness cover of Rs 1 lakh from ICICI Lombard General Insurance Company will be provided on opening an FD of Rs. 2 lakh to Rs. 3 lakh for a tenure of at least 2 years.
iii. Earlier, ICICI Bank had launched FD Life (FD offering a free term life insurance) and FD Invest where interest from FDs is invested in monthly Systematic Investment Plans (SIPs) of a mutual fund.
About ICICI Bank:
♦ Tagline: Hum Hai Na, Khyal Apka
♦ Headquarters: Mumbai
♦ MD & CEO: Sandeep Bakhshi

BUSINESS & ECONOMY

IRDAI sets up 9-member working group headed by TR Alamelu to review existing reinsurance norms
On October 11, 2019, The Insurance Regulatory and Development Authority of India (IRDAI) has constituted 9-member panel headed by TR Alamelu, member (Non- life) to have a look at the set of regulations, circulars and guidelines on Reinsurance, Foreign Reinsurance Branches and Lloyd’s India & would suggest amendments to reinsurance, investment, foreign reinsurance branches(FRBs) and Lloyd’s India regulations in the next two months.
Key points:
i. The Panel will cover the following aspects,

• Applicability of certain provisions of the Insurance Act, 1938 on investments, IRDAI (Investment ) Regulations
• Calculation of economic capital and related disclosures
• Applicability of corporate governance guidelines
• Appointment of key management persons (KMP)

ii. Other members of the panel are Suresh Mathur, executive director,reinsurance, IRDAI, Satish Raju, CEO (Chief Executive Officer) , Swiss Re , India, N Gowri Shankar Gargiparthy, CEO, Lloyd’s India, M Santhana Gopalan, former CEO, SCOR, Mr.S.N.Jayasimhan, General Manager, Investment ,IRDAI, Mr.Sanjib Chaudhuri, Ex-head,SCOR SE, Mr.R.Chandrasekaran, Head, reinsurance(Retired), Ms.C.Latha, Deputy General Manager, reinsurance, IRDAI.
iv. In March 2017,  IRDAI has already formed high-level panel chaired by its former member M Ramprasad to carry out a comprehensive review of the existing framework for reinsurance activities.
About IRDAI:
Headquarters: Hyderabad, Telangana
Chairman: Subhash Chandra Khuntia

CIBIL to give real-time alerts called CIBIL Alert on changes in customers’ credit profile
On October 14, 2019, TransUnion Credit Information Bureau of India Limited (CIBIL), a credit information company, launched a new feature called CIBIL Alert through which customers can get real-time notifications about key changes in their CIBIL Score and Report.
Key Points:
i. It’s a part of CIBIL’s suite of subscription plans.
ii. The CIBIL Alerts are for new inquiry added, new account added, change in utilisation, delinquency change, phone number added, new address added and change in CIBIL Score.
iii. This new feature comes after banks have begun to link their retail loans to credit scores under the new external benchmarking system.

AWARDS & RECOGNITIONS

Abhijit Banerjee, Esther Duflo, and Michael Kremer jointly awarded 2019 Nobel Prize in Economic Sciences
On October 14, 2019, The Royal Swedish Academy of Sciences (RSAS) awarded the Sveriges Riksbank (Nobel) Prize in Economic Sciences 2019 in the memory of Alfred Nobel jointly to Abhijit Vinayak Banerjee, Esther Duflo and Michael Kremer for their experimental approach to reduce global poverty. Key Points:
i. Mumbai-born American Banerjee & French-American Duflo are from Massachusetts Institute of Technology (MIT), Cambridge, United States of America (USA) and American Michael Kremer is from Harvard University, Cambridge, USA.
ii. Duflo became the second female economics winner in the prize’s 50-year history (after Elinor Ostrom in 2009) and she is the youngest to receive the award at the age of 46.
iii. The trio will share prize money of 9 million Swedish krona. Abhijit Banerjee and Esther Duflo are husband-wife.
About Nobel Prize:
Nobel Prize is a set of annual international awards bestowed for outstanding work in the fields of physics, chemistry, physiology or medicine, literature, economics, and the promotion of peace.

Shiv Nadar from HCL tops EdelGive Hurun India Philanthropy List 2019
According to the Edelgive Hurun India Philanthropy List 2019 which was released on October 14, 2019, by Hurun India, HCL (Hindustan Computer Limited) Technologies Chairman Shiv Nadar emerged as India’s most generous philanthropists who contributed Rs 826 crore during the financial year 2018-19 (FY19).
Key Points:
i. The cut-off rate to reach the top 100 in the philanthropic list was increased by 130% and most spending by the philanthropists focused on education and health.
ii. The total contribution of all the individuals in the top 100 list is around Rs 4,300 crore, a 90% increase from 2018. As per Companies Act 2013, it is mandatory for entities having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year, to devote 2 percent of their profit to CSR (Corporate social responsibility).
Top 3 philanthropists:

SCIENCE & TECHNOLOGY

IIT Madras signs 5-year joint-research agreement with ExxonMobil for research in Energy and Biofuels
On October 14, 2019, Indian Institutes of Technology (IIT), Madras has signed a 5-year joint-research agreement with ExxonMobil Research and Engineering Company (EMRE), the research and engineering arm of ExxonMobil Corporation for research in biofuels, data analytics, gas conversion and transport, and finding low-emission solutions.
i. This agreement is in line with the central Government’s new ‘biofuel policy’, which  targets to convert the country’s biofuel industry into a $15.6 billion economy
ii. Globally, India is the 3rd highest producer of agro-residues after China and Brazil with the surplus potential of over 230 million tonnes per year………………………Click here to Read more

Guruprasad Mohapatra, Secretary of DPIIT launched a new website and mobile application for IPRs “L2Pro India
On October 14, 2019, Mr Guruprasad Mohapatra, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) which works under the Ministry of Commerce & Industry, launched the website and mobile application for Intellectual Property Rights (IPRs) named L2Pro India (Learn to Protect, Secure and Maximize Your Innovation) in New Delhi. They were developed by Cell for IPR Promotion and Management (CIPAM)- DPIIT along with Qualcomm and National Law University (NLU), Delhi.
Key Points:
i. The 11 modules for 3 different levels: Basic, Intermediate and Advanced of L2Pro India IP e-learning Platform and the L2Pro India Mobile App will help youth, innovators, entrepreneurs and small and medium industries (SMEs) in understanding IPRs.
ii. Globally. L2Pro has been successfully implemented in Germany, United Kingdom (UK), Italy and France.
iii. The learners will be provided e-certificates on successful completion of the e-learning modules by CIPAM-DPIIT and NLU Delhi and Qualcomm.
iv. Other members present: Executive Vice President at Qualcomm, Prof. Ranbir Singh, Vice Chancellor of NLU, Delhi and other senior officials of DPIIT and CIPAM.

SPORTS

Overview of 11th AIBA Women’s World Boxing Championships 2019 in Ulan-Ude, Russia
11th edition of International Boxing Association, originally the Association Internationale de Boxe Amateur (AIBA) Women’s World Boxing Championships 2019 was held at FSK Sports Complex, Ulan-Ude, Russia from October 3-13, 2019.
i. The Elite Women boxing championships was organized by AIBA.
ii. India was ranked 9th in the medal tally while Russia clinched the top spot…………………..Click here to Read more

ICC test ranking 2019 : Kohli reaches close to top-ranked Steve Smith
As per the latest ICC (International Cricket Council ) men’s test rankings 2019, Indian captain Virat Kohli (936 points) has reached very close to the top Australian batsman Steve Smith (937 points) & took 2nd position in the batting list.
ii. In bowlers ranking, Ravichandran Ashwin has also gained three places. He is now in seventh place, while Bumrah is still in third place.
ii. Talking about all-rounders, Ravindra Jadeja is in second place and Ravichandran Ashwin is at number five……………………Click here to Read more
Top 3 players in test batting ranking 2019:

49th World artistic gymnastics championships 2019 held in Stuttgart, Germany
49^th edition World Artistic Gymnastics Championships 2019 , the world championships for artistic gymnastics governed by the Fédération Internationale de Gymnastique (FIG),held at the Hanns-Martin-Schleyer-Halle in Stuttgart, Germany, from October 4- 13 ,2019 with the participation total of 288 men and 259 women.
i. American veteran gymnast Simon Biles (22) achieved her record 19th world title at the 2019 World Artistic Gymnastics Championships held in Stuttgart, Germany.
ii. Biles achieved her 25^th medal (19 gold, 3 silver, and 3 bronze ) overall and with this she became the highest medal female gymnast………………….Click here to Read more

Overview of 9th YONEX Dutch Open 2019 held at Topsportcentrum in Almere, Netherlands
The YONEX Dutch Open 2019 was held at Topsportcentrum in Almere, Netherlands from October 8-13, 2019.It was the 9th Super 100 tournament of the 2019 Badminton World Federation (BWF) World Tour and also part of the Dutch Open championships.i. It was organized by the Badminton Nederland, sanctioned by the BWF.
ii. The total prize money of the tournament was $75,000.
List of Winners:

It was the maiden BWF World Tour title for Lakshya Sen, aged 18. He is currently ranked 72 in BWF rankings.
About BWF:
♦ Formation: 1934
♦ Headquarters: Kuala Lumpur, Malaysia
♦ President: Poul-Erik Høyer

Kenyan marathon runner Brigid kosgei breaks world record in 2019 Chicago Marathon
On October 13, 2019, Kenya’s legendary female runner Brigid Jepscheschir Kosgei(25) has set a new world record in the 2019 Chicago Marathon held in Chicago, Illinois, United States. Kosgei completed the race in 2 hours 14 minutes and 4 seconds.Earlier, this record was in the name of Paula Radcliffe, who made the world record on April 13, 2003 London Marathon in 2 hours 15 minutes and 25 seconds.
key points:
i. Kosgei won the for the 2^nd straight year as she won the 2018 Chicago Marathons and the 2019 London Marathon (held on 28 April 2019), , becoming the youngest woman ever to win the event.
ii. She came second at the 2017 Chicago Marathon (a personal best time of 2hours 20 minutes 22 seconds) and 2018 London Marathon.

IMPORTANT DAYS

World standards Day observed on 14 October 2019
World Standards Day (WSD) was celebrated on 14 October, 2019. It is observed annually by the members of the International Electrotechnical Commission (IEC), International Organization for Standardization (ISO) and the International Telecommunication Union (ITU) as a way of tributing the global experts, developing technical agreements published in national and international standards. The 2019 theme for WSD is “Video Standards Create a Global Stage”.Key points
i. The aim of WSD is to raise awareness on the importance of standardization to the global economy.
ii. In 1946 in London, the day October 14 was chosen to celebrate the WSD. The first world standards day was celebrated in 1970 by Mr. FarukSünter, the then President of ISO.
Consumer affairs minister Ram Vilas Paswan inaugurated WSD celebrations in New Delhi
i. Union Minister of Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan inaugurated the celebrations of the 60th ‘World Standard Day’ by the Bureau of Indian Standards (BIS) in New Delhi.
ii. The BIS director Shri Rohit Kumar Parmar delivered welcome address. It is estimated that by 2020, 80% of all internet traffic will be consumed by ‘Video Streaming Data’.

STATE NEWS

Director and producer Priyadarshan awarded MP government’s National Kishore Kumar Samman for 2018-19
On October 13, 2019, Renowned Malayalam and Hindi film director and producer Priyadarshan was awarded Madhya Pradesh (MP) government’s National Kishore Kumar Samman for 2018-19 at a function in Khandwa, MP. The award is instituted by MP’s Department of Culture and is given for excellence in cinematic achievements.
Key Points:
i. The Kishore Kumar Samman jury selected noted actor Waheeda Rehman for the award for 2017-18 who will be felicitated in the coming days.
ii. The award consisted of a cash prize of Rs 2 lakh and a citation.
iii. Khandwa is the birthplace of the legendary singer- actor Kishore Kumar and he had expired on October 13, 1987 in Mumbai. So the award was presented on this day.

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