Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 07- OCTOBER - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 07- OCTOBER - 2016
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Monday, 10 October 2016 05:31

 

 

 


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DAILY NEWS UPDATES

07- OCTOBER - 2016

 

:: NATIONAL ::

SC PUT ON HOLD ORDER TO CONSTITUTE THE CAUVERY MANAGEMENT BOARD

  • In another roller-coaster hearing, the Supreme Court put on hold its order to constitute the Cauvery Management Board and finally settled for the Centre’s suggestion to appoint a “technical team” to visit the Cauvery basin.
  • The technical team led by G.S. Jha, Chairman, Central Water Commission, will visit the river basin along with nominees of Karnataka, Tamil Nadu, Puducherry and Kerala to submit a report in the Supreme Court by October 17.
  • The court will hear the matter on October 18.
  • Tamil Nadu accused the Centre of “playing into the hands of the Karnataka government” to deny the people of Tamil Nadu their share of Cauvery water.

GSAT-18 TO BE LAUNCHED FROM THE EUROPEAN SPACEPAD OF KOUROU

  • GSAT-18, India's heaviest satellite to date at 3,404 kg, is scheduled to be launched from the European spacepad of Kourou in French Guiana.
  • It. is expected to add a few new transponders for Indian Space Research Organisation (ISRO).
  • The 48 transponders on the new satellite , including 12 in the Ku-band, should ease ISRO’s shortfall in meeting the growing demand from its numerous users.
  • GSAT-18 will be lifted to its space orbit on a European Ariane-5 rocket, ISRO said.
  • ISRO last launched a communication satellite in November last year. That spacecraft, GSAT-15, did not add new numbers but has replaced the ageing INSAT-3A and a partially crippled INSAT-4B in the 93 degrees East slot.
  • GSAT-18 was approved in May 2015 with a budget of Rs. 1,022 crore, which includes the fee to launch provider Arianespace. It will supplement the INSAT-4CR, sent to orbit in 2007, at the same slot of 74 degrees East longitude.
  • In the coming days, when it is in its final slot GSAT18 is expected to support the services of users in telecommunication, broadcasting, VSAT services and digital satellite news gathering areas.

INDIA GETS EU SUPPORT FOR SURGICAL STRIKES

  • The European Parliament has backed India’s surgical strike on terrorist training camps in Pakistan-occupied Kashmir.
  • In a signed article in EP Today , the Vice-President of European Parliament, Ryszard Czarnecki, said India’s cross-border action against terrorists should be “commended and supported by the international community.”
  • Praising the Indian Army for its professional approach to a situation that was becoming graver by the day, Mr. Czarnecki said the message was loud and clear that India would no longer allow Pakistan to fuel cross-border terrorism.”

THE GOVERNMENT HAS MADE AADHAAR MANDATORY FOR AVAILING LPG SUBSIDIES

  • The government has made Aadhaar mandatory for availing cooking gas (LPG) subsidies but has given two months grace period for citizens to get the unique identification number.
  • The government currently gives 12 cylinders of 14.2-kg each at subsidised rates per household in a year.
  • The subsidy on every cylinder is transferred in advance directly into bank accounts of individuals, who then buy the cooking fuel at market rates.
  • For those not yet having Aadhaar, it gave time till November 30, 2016 to make application for enrolment for the unique identification number. Oil marketing companies have been asked to facilitate enrolments.
  • Till the time Aadhaar is assigned, LPG subsidy would be transferred based on bank photo passbook and Aadhaar enrolment ID slip or voter ID card or ration card or kisan photo passbook or passport or driver licence.
  • The Ministry said use of Aadhaar as identifier for delivery of services /benefits/ subsidies simplified the government delivery processes, brought in transparency and efficiency, and enabled beneficiaries to get their entitlements directly.

:: INTERNATIONAL ::

AFTER EU VOTE PARIS CLIMATE DEAL SET TO COME INTO FORCE

  • In a historic vote held at the plenary session of the EU Parliament in Strasbourg, a majority of the members voted in favour of ratifying the Paris Agreement.
  • The vote paved the way for the entry into force of the Agreement in November this year, with 610 out of 678 Parliament members voting in favour of the ratification.
  • As per the rules of the Agreement, adopted in Paris last year, the cumulative emissions of the ratifying parties must cross the minimum required threshold of 55 per cent of global emissions for it to enter into force.
  • Accounting for approximately 12 per cent of greenhouse gas (GHG) emissions globally, the EU-28 nations will add to the 52 per cent of global emissions that the 62 ratifying parties have covered already.
  • Only seven EU nations — France, Germany, Malta, Slovakia, Hungary, Austria and Portugal — have ratified the Paris Agreement at the national level.
  • However, after the EU submits its instrument of ratification, the member nations will work on following the requisite procedures back at home.

THE U.S. SUSPENDED TALKS WITH RUSSIA OVER CONFLICT IN SYRIA

  • The U.S. suspended talks with Russia over the protracted conflict in Syria, accusing the Kremlin of joining with the Syrian air force in carrying out a brutal bombing campaign against the besieged city of Aleppo.
  • Anticipating the end of the talks, President Vladimir V. Putin of Russia responded by withdrawing from a landmark arms control agreement that calls for each side to dispose of 34 tons of plutonium, a material used in nuclear weapons.
  • Just a month ago, it had appeared Russia and US would agree through an agreement that called for a reduction of violence, access to humanitarian aid and the joint targeting of jihadi groups.
  • But no sooner was the agreement announced than it began to fray — first because of the accidental bombing of Syrian troops by the U.S. and then because of what the U.S. claimed was a deliberate bombing by Russian aircraft.

:: BUSINESS AND ECONOMY ::

MPC DECIDED TO REDUCE THE BENCHMARK REPO RATES

  • The Monetary Policy Committee (MPC) decided at its first policy review to reduce the benchmark repurchase rate by 25 basis points to 6.25 per cent.
  • The Reserve Bank of India’s key policy interest rate has now been cut to its lowest level since 2011. Retail inflation dropped to a five-month low of 5.05 per cent in August.
  • The neutral rate is the difference between the risk free rate and inflation — a key determinant of the policy rate.
  • Market participants expect interest rates to ease further in the next policy review in December.

BLACK MONEY DISCLOSURE TALLY MAY INCREASE EVEN FURTHER

  • The final black money disclosures tally may grow by an estimated Rs.10,000 crore, as part of the declarations made under the recently-concluded Income Declaration Scheme (IDS).
  • Income Tax department is expected to submit final verification of the records by next week to the Central Board of Direct Taxes (CBDT).
  • Black money amounting to Rs.65,250 crore was declared through the one-time declaration window as part of 64,275 declarations and the figures were announced by Finance Minister.
  • While the Central Board of Direct Taxes (CBDT) had made it clear that no information relating to region-wide break-up of declarations would be shared as per confidentiality clauses riding IDS.

:: IMPORTANT DETAILED NEWS ::

IAF SUCCESSFULLY FIRED LONG RANGE AIR-TO-AIR MICA MISSILE FROM MIRAGE-2000 COMBAT AIRCRAFT

Indian Air Force successfully fired the recently acquired long range air-to-air MICA missile on a manoeuvring target from Mirage-2000 Upgrade combat aircraft.

A Defence Ministry release said in New Delhi that the missile achieved a direct hit on a target which was much smaller than an actual aircraft and flying at a low altitude.

The release said, with the success of this mission by 'Tigers', the first squadron of the force, IAF has become one of the few air forces in the world with the capability of such beyond visual range air-to-air missile.

Mirage-2000

The Mirage 2000 is a single-engine fourth-generation jet fighter manufactured by France's Dassault Aviation. It was designed in the late 1970s as a lightweight fighter based on the Mirage III for the French Air Force (Armée de l'Air).

The upgraded Mirage 2000 fighter jets are fitted with the Thales RDY 2 radar, a helmet-mounted display, new avionics, and the ability to fire new weapons including the MICA missile.

INDIA-RUSSIA JOINT MILITARY EXERCISE INDRA-2016 BEGINS IN VLADIVOSTOK

The eighth edition of India-Russia Joint Military Exercise ‘INDRA-2016’ begun in the Ussiriysk District in Vladivostok, Russia. The main focus of this edition of the joint exercise is on Counter-Terrorism Operations in semi mountainous and jungle terrain under United Nations Mandate.

To achieve interoperability in joint operations, troops from both sides would acquaint themselves with the respective approach to such operations. A comprehensive training programme spanning eleven days has been drawn up for the purpose.

Brigadier Sukrit Chadah is leading the Indian contingent of 250 soldiers from the Kumaon Regiment while the Russian army is being represented by 250 soldiers from the 59th Motorised Infantry Brigade.

Indra series of bilateral exercises is one of the major bilateral defence cooperation initiatives between India and Russia since 2003. The Indian contingent is scheduled to return to India on termination of the Exercise in the first week of October 2016.

UN SECURITY COUNCIL ADOPTS RESOLUTION ON NUCLEAR NON-PROLIFERATION AND NUCLEAR DISARMAMENT

The UN Security Council approved a resolution urging quick global implementation of Comprehensive Nuclear-Test-Ban treaty that would ban tests of nuclear weapons.

With 14 votes in favour and one abstention (Egypt), the resolution welcomed progress made towards universalization of the Treaty, noting that 183 States have signed the Treaty and 166 States have deposited their instruments of ratification.

US Secretary of State John Kerry invoked North Korea's latest nuclear explosion in urging ratification of the treaty for a safer, more secure, and more peaceful planet. But the US has not yet done so.

The UN's Comprehensive Test Ban Organization already has a network of monitoring stations. But it still cannot go on site to inspect for tests until the treaty enters into force. For that, the holdouts among the 44 countries that are designated nuclear capable, the United States, China, Egypt, India, Iran, Israel, North Korea and Pakistan must ratify.

The Comprehensive Nuclear-Test-Ban Treaty bans all nuclear explosions for both civilian and military purposes. Adopted by the UN General Assembly under resolution 50 (1996), the Treaty will enter into force 180 days after the date of deposit of the instruments of ratification by all.

PM APPROVES CONSTITUTION OF TWO COMMITTEES FOR BIRTH CENTENARY OF PT. DEENDAYAL UPADHYAY

Prime Minister Narendra Modi approved the constitution of two committees for the commemoration of the birth centenary of Pandit Deendayal Upadhyay.

Modi will head the 149 member National Committee while Home Minister Rajnath Singh will chair the 23 member Executive Committee.

Former Prime Ministers Atal Bihari Vajpayee and H.D. Deve Gowda, Union Ministers Rajnath Singh, Sushma Swaraj, Arun Jaitley and Manohar Parrikar, former Deputy Prime Minister LK Advani and BJP President Amit Shah are the members of National Committee.

Besides, Bihar Chief Minister Nitish Kumar, Yoga Guru Baba Ramdev, Film Director Chandraprakash Dwivedi, former Hockey player Dhanraj Pillai, former Chief Justice R C Lahoti and Constitutional expert Subhash Kashyap will have also been included in the National Committee among others. The committee includes several Governors, Chief Ministers, Scientists, Journalists, Academicians, Social Workers and Spiritual Leaders.

Union Minister Dr. Mahesh Sharma will be the Convenor of the committee.

Pandit Deendayal Upadhyay, who was born on 25 September 1916 in Mathura, Uttar Pradesh, was the ideologue of Jan Sangh, the parent organisation of BJP.

BJP is planning year-long celebrations which will be inaugurated by the party chief at its National Council at Kozhikode.

SANIA MIRZA AND BARBORA STRYCOVA LIFTS TORAY PAN PACIFIC OPEN TROPHY IN TOKYO

India's Sania Mirza and her Czech partner Barbora Strycova lifted the women’s doubles title in the Toray Pan Pacific Open trophy in Tokyo. In the final clash, the Indo-Czech pair defeated the unseeded Chinese pair of Chen Liang and Zhaoxuan Yang 6-1, 6-1.

This is Sania and Strycova's second title in three tournaments since they have paired together.

This is Sania and Strycova's second title in three tournaments since they have paired together. They won their first title in Cincinnati.

The victory puts Mirza and Strycova one step closer to a potential spot in the BNP Paribas WTA Finals Singapore presented by SC Global. Entering Tokyo the duo sat at No.19 on the Road to Singapore Leaderboard, trailing the Top 8 by about 500 points. With 470 points now in the bag, the team received a major boost in their standings.

 

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