1. SIDBI launches Udyam Abhilasha
- Small Industries Development Bank of India had launched a National Level Entrepreneurship Awareness Campaign in 115 Aspirational Districts.
- It launches on the occasion of birth anniversary of Mahatma Gandhi which is identified by NITI Aayog.
- SIDBI has partnered with CSC e-Governance Services India Limited under the
Ministry of Electronics & IT, Govt. of India CT
Objectives of the missionary campaign include
- To inspire rural youth in aspirational districts to be entrepreneurs by assisting them to set up their own enterprise,
- To impart training through digital medium across the country
- To create business opportunities for CSC VLEs
- To focus on women aspirants in these aspirational districts to encourage women entrepreneurship and
- To assist participants to become bankable and avail credit facility from banks to set up their own enterprise.
- Small Industries Development Bank of India (SIDBI), is the Principal Financial Institution for the Promotion, Financing, Development and Coordination of the Micro, Small and Medium Enterprise (MSME) sector.
- SIDBI meets the financial and developmental needs of the MSME sector with a Credit+ approach to make it strong, vibrant and globally competitive.
2. Butterfly species recorded in Arunachal Pradesh
- Around 180 species of butterflies were recorded in Seijosa area of Arunachal Pradesh’s East Kameng district.
- Important species of butterflies, including the ‘Creteus Cyrina’, ‘Arhopala Oenea’ and ‘Chersonesia Intermedia’.
- The event organized by the Butterflies of Northeast India Group was held at the Pakke Wildlife Sanctuary and Tiger Reserve.
- Pakke is an important biological hotspot and butterflies play a key role in maintaining the biological richness of the region.
3. IBSAMAR-VI 6th edition
- It is a joint Multi-National Maritime Exercise between the Indian, Brazilian and South African Navies.
- It is being held at Simons Town, South Africa.
- The last edition of IBSAMAR (IBSAMAR V) was conducted off Goa
- The aim is to undertake collective training for participating navies, building interoperability and mutual understanding among them.
4. Exercise Aviaindra-18 2nd edition
- It is a biennial Air Force level exercise between the Indian and the Russian Federation.
- The exercise which was conducted at Lipetsk, Russia.
- It also focused on the briefing on Aerospace safety and anti-terrorist air operations
- The aim of the exercise was to formulate and validate the use of airpower in the anti-terrorist operation in a bilateral scenario.
5. Gita Gopinath appointed IMF chief economist
- Indian origin women economist Gita Gopinath is the second Indian appointed as the Chief Economist of International Monetary Fund.
- First was Raghuram Rajan former RBI governor to hold the prestigious post.
- Gopinath, 46, succeeds Maurice “Maury” Obstfeld.
- Gopinath currently serves as the John Zwaanstra Professor of International Studies and Economics at Harvard University.
- Gopinath is a US citizen and an overseas citizen of India.
- The International Monetary Fund is an international organization.
- It’s headquartered in Washington.
- The Managing Director and Chairman of the International Monetary Fund are noted French lawyer and former politician, Christine Lagarde.
- IMF working to foster global monetary cooperation secures financial stability.
- It also facilitates international trade, promotes high employment and sustainable economic growth, and reduce poverty around the world.
6. Farm policy will be in sync with global rules: India to WTO
- India has informed the World Trade Organization that its proposed national agriculture export policy would be consistent with global trade rules.
- The policy aims to do away with restrictions such as minimum export prices or outright bans.
- It seeks to double India’s farm exports to more than $60 billion by 2022.
- It will support the policy in which government promise to help the farmer in doubling their income by 2022
- India emphasis on the Green Box subsidies provided by WTO
- Green box subsidies are non-distorting subsidies, permitted by the WTO.
- India is ranked the ninth largest exporting nation, as per the latest WTO trade data for 2015.
- Its share in global exports of agriculture products increased to 2.2% in 2016 from 1% a few years earlier.
Types of subsidies provided by WTO
- Green box is a type of subsidy must not distort trade, or at most cause minimal distortion.
- Agriculture’s amber box is used for all domestic support measures considered to distort production and trade.
- Those subsidies which are not subject to the amber box reduction agreement because they are direct payments under a production-limiting program.
- The World Trade Organization is an intergovernmental organization that regulates international trade.
- The WTO’s current Director-General is Roberto Azevêdo.
- Its headquarters in Geneva, Switzerland.
Source- Economics Times
7. Nobel Prize 2018
|Nobel Prize 2018||To Whom||For|
|In Medicine||James Allison of the US and Tasuku Honjo of Japan||Cancer treatment inhibition of negative immune regulation.|
|In Physics||Arthur Ashkin (U.S.), Gerard Mourou (France) and Donna Strickland (Canada)||Optical lasers technique which is now used in corrective eye surgery.|
Source- The Hindu
8. Justice Ranjan Gogoi Sworn as a new Chief Justice of India
- Justice Ranjan Gogoi has been sworn-in as the 46th Chief Justice of India.
- President of India administered the oath of office at a function in Rashtrapati Bhawan.
- Justice Gogoi is the senior-most judge of the Supreme Court after Chief Justice Deepak Misra
- Justice Ranjan Gogoi has the tenure of a little over 13 months and will retire on November 17, 2019.
About Justice Gogoi
- Justice Gogoi joined the Bar in 1978 and practiced mainly in the Gauhati High Court.
- He was appointed as Permanent Judge of Gauhati High Court in February 2001.
- He was transferred to Punjab and Haryana High Court in 2010 and later was appointed as Chief Justice.
- He was elevated as Judge of the Supreme Court in April 2012.
Source- The Hindu
9. World Peace Monument Dome
- World Peace Monument is the largest dome in the world.
- It is inaugurated on the occasion of the 150th birth anniversary of Mahatma Gandhi.
- Situated at the Maharashtra Institute of Technology (MIT)’s World Peace University (MIT-WPU) campus at Loni Kalbhor.
About World Peace Monument
- It is the brainchild of Dr. Vishwanath Karad founder-president of the MIT World Peace University.
- The rationale behind it is to symbolize the unity of the Indian identity through its religions, ideologies, and literature.
- The MIT-WPU has organized a four-day world parliament of science, religion, and philosophy at this campus.
Source- The Hindu