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| Daily Current Affairs 5th October 2019 For All Government Examinations |
Daily Current Affairs 5th October 2019 For All Government Examinations
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Centre approves Rs 1,813.75 crore additional financial assistance to flood relief for Karnataka, Bihar
The Union Home Ministry informed, The centre government approved an additional financial assistance of Rs 1813.75 crore to Karnataka and Bihar for the damages caused by the rains and floods in the two states.
The additional financial assistance approval came after Union Home Minister Amit Shah reviewed the ongoing rescue and relief work in the flood-affected states.
The Home Minister Amit Shah has approved advance release of Rs. 400 crore to the State of Bihar and Rs.1200 crore to the State of Karnataka from National Disaster Response Fund (NDRF) ‘on account basis’. He has further approved the advance release of 2nd installment of centre’s share of SDRF amounting to Rs.213.75 crore to the State of Bihar for the year 2019-20.
Karnataka and Bihar have apprised of the paucity of funds in the SDRF account resulting in delay in providing relief assistance to the affected people and requested for release of advance additional financial assistance from the NDRF. Bihar had also requested for advance release of the second installment of centre's share of the SDRF for the year 2019-20.
Shah further approved the advance release of 2nd installment of centre's share of the SDRF amounting to Rs 213.75 crore to Bihar for the year 2019-20.
Government of India supplements the effort of the State Government by providing assistance for the relief of immediate nature through SDRF and per established procedure. A SDRF has been constituted for each State.
CM Yogi Adityanath flags off India's first corporatised train Lucknow-Delhi Tejas Express
Uttar Pradesh Chief Minister Yogi Adityanath flagged off the India's first corporatised train of Indian Railways, Lucknow-Delhi Tejas Express.
Tejas Express is the first step by Railway Ministry towards introducing private trains on Indian Railways’ network.
Lucknow-Delhi Tejas Express is the first private passenger train that will run on Indian Railways' network, Operated by IRCTC.
The passengers travelling in Lucknow-Delhi Tejas Express will be granted a free rail travel insurance of Rs 25 lakh.
Passengers travelling on Lucknow-Delhi Tejas Express can book their tickets only the IRCTC website or IRCTC Rail Connect App.
According to the schedule, the train will leave Lucknow at 6.10 am and reach New Delhi Railway station at 12.25 pm. And Return journey, the train will leave Delhi at 3.35 pm and reach Lucknow at 10.05 pm..........Read More
India-Bangladesh Business Forum held in New Delhi
The India-Bangladesh Business Forum was held in New Delhi. The Prime Minister of Bangladesh, Sheikh Hasina and Union Minister for Commerce and Industries, Piyush Goyal was also present in the India - Bangladesh Business Forum meeting.
On this occasion two Government to Business (G2B) MoUs were signed between Start up Bangladesh and Tech Mahindra and Bangladesh Economic Zones Authority and Adani Ports and SEZs.
Inaugurating the India-Bangladesh Business Forum, Hasina said, "Trade and investment between the two countries are increasing. The volume of bilateral trade has steadily grown during the past years. But, the balance of trade is still largely in India's favour.
Bangladesh is India’s biggest trade partner in South Asia. Bilateral trade between India and Bangladesh has grown steadily over the last decade. India’s exports to Bangladesh for the financial year 2018-19 (April-March) stood at USD 9.21 billion and imports from Bangladesh for the same period stood at USD 1.22 billion.........Read More
2-Day Goa Maritime Conclave - 2019 Inaugurated
The two-day Goa Maritime Conclave (GMC)-2019 was inaugurated by the National Security Advisor (NSA) Ajit Kumar Doval, at Goa on 4th October 2019.
The Goa Maritime Conclave (GMC)-2019 was conducted by the Naval War College.
The theme for the conclave is “Common Maritime Priorities in IOR and need for Regional Maritime Strategy”.
The deliberations, which were held over three sessions during the day were focused on capacity building among IOR Navies to tackle emerging maritime threats, in addition to discussing cooperative strategies for enhancing interoperability among partner maritime agencies. Renowned national and international speakers articulated their views on these important issues, which were followed by theme based discussions.
The event was attended by Heads of Maritime Agency of Maldives, Sri Lanka, Bangladesh, Myanmar, Thailand, Indonesia, Seychelles, Mauritius, Singapore and Malaysia. ‘Goa Maritime Conclave’ is organised in a bid to foster friendly relations with maritime neighbours.........Read More
Textiles Minister Smriti Irani to represent India at World Cotton Day celebrations in Geneva
The Ministry of Textiles, Government of India, is participating in the World Cotton Day being observed from 7th October to 11th October 2019 in Geneva.
The World Trade Organisation (WTO) is organizing World Cotton Day event in collaboration with the Secretariats of the United Nations Food and Agriculture Organization (FAO), the United Nations Conference on Trade and Development (UNCTAD), the International Trade Centre (ITC) and the International Cotton Advisory Committee (ICAC).
Union Minister of Textiles, Smriti Zubin Irani, will participate in the plenary session of the event to be attended by heads of states, heads of international organisations and executives from the private sector.
WTO is hosting the event at the request of the Cotton – 4 countries, Benin, Burkina Faso, Chad and Mali to celebrate their official application for the recognition of 7th October as World Cotton Day by the United Nations.
RBI has announced Fourth Bi-Monthly Monetary Policy Statement 2019-20: Point-to-Point Details
RBI Governor Shaktikanta Das has announced the Fourth Bi-monthly Monetary Policy Statement for the year 2019-20.
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to:-
Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.15 per cent from 5.40 per cent with immediate effect.
Consequently, the reverse repo rate under the LAF stands reduced to 4.90 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 5.40 per cent.
The Cash Reserve Ratio (CRR) of scheduled banks unchanged at 4.0% of (NDTL).
According to the RBI Fourth Bi-Monthly Monetary Policy Statement 2019-20, What is The Current RBI Policy Rates:
Policy Repo Rate
|
5.15%
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Reverse Repo Rate
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4.90%
|
Marginal Standing Facility (MSF) Rate
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5.40%
|
Bank Rate
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5.40%
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Cash Reserve Ratio (CRR)
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4%
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Statutory Liquidity Ratio (SLR)
|
18.75%
|
RBI Monetary Policy Tools | Monetary Policy Instruments
These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.......Read More
Envoys of five nations present credentials to President Ram Nath Kovind
Ambassadors of Denmark, France, European Union, Mexico and Kazakhstan presented credentials to the President of India, Ram Nath Kovind, at a ceremony held at Rashtrapati Bhavan.
The envoys who presented their credentials were: -
- Mr Freddy Svane, Ambassador of Denmark
- Mr Emannuel Lenain, Ambassador of France
- Mr Ugo Astuto, Ambassador of the European Union
- Mr Federico Salas Lotfe, Ambassador of Mexico
- Mr Yerlan Alimbayev, Ambassador of the Republic of Kazakhstan........Read More
Bangladesh PM Sheikh Hasina on four day official visit to India
Bangladesh Prime Minister Sheikh Hasina arrived in New Delhi on a four day visit official to India on 3rd October.
This is the first visit of Prime Minister Sheikh Hasina after assuming office for the third consecutive term.
Bangladesh Prime Minister Sheikh Hasina will come to India to join the summit of World Economic Forum (WEF).
During her visit, she will hold a bilateral meeting with Prime Minister Narendra Modi and meet President Ram Nath Kovind on October 5 during her visit.
The two countries are likely to sign 10-12 MoUs and agreements during the visit.......Read More
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