Daily Current Affairs - 04th Oct 2019

Asher-Smith wins 200m

  • Dina Asher-Smith has became the first British woman to win a major global sprint title as she stormed to victory in 200m at the World Championships. She completed the 200m in record of 21.88 seconds.
  • Asher-Smith is also the first Briton to win a world or Olympic sprint title since Linford Christie at Stuttgart 1993.

Country's first corporate train Lucknow-Delhi Tejas Express to be flagged off today

  • Uttar Pradesh Chief Minister Yogi Adityanath will flag off the country's first corporate train Lucknow-Delhi Tejas Express. The flagging off function will be held at the Lucknow Junction.
  • Train will run 6 days in a week with advance coaches which will have tea-coffee vending machines, call bell and toilet indicator facilities and High-quality food and beverages will be provided to passengers.

Gadkari reviews progress of NHAI projects; calls for speedy implementation

  • Road Transport and Highways Minister Nitin Gadkari has directed officials of National Highways Authority of India (NHAI) to speed up the implementation of projects through faster decision making and stricter monitoring.
  • The Minister also directed regional officers to be proactive in coordinating with district officials to fast track land acquisition and other such issues. During the meeting, Mr. Gadkari also talked about the need to bring down construction costs through new technology and innovative means.

Govt launches portal for monitoring coal supply to power plants

  • Power Minister RK Singh and Coal, Mines and Parliamentary Affairs Minister Pralhad Joshi have jointly launched PRAKASH - Power Rail Koyla Availability through Supply Harmony- portal in New Delhi.
  • This portal aims at bringing better coordination for coal supplies among all stakeholders. This portal is designed to help in mapping and monitoring entire coal supply chain for power plants.

IRCTC IPO subscribed record 112 times

  • The initial public offer (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC), which closed for subscription on Thursday, has created a record in terms of the highest-ever subscription for a public issue of a government-owned company.
  • As per NSE data, the public issue, that aims to raise Rs.645 crore, was subscribed nearly 112 times with bids received for 225.61 crore shares against 2.02 crore shares on offer in the price band of Rs.315 to Rs.320.
  • This is the first time ever that an IPO of a public sector undertaking (PSU) has been subscribed more than 100 times. In 2017, the public issue of Housing & Urban Development Corporation (HUDCO) was subscribed nearly 79 times. In the same year, Cochin Shipyard public issue was subscribed 75.59 times.

Ireland voices doubts about Britain's new plans to leave EU

  • Ireland voiced doubts about Britain's new plans to leave the European Union by the end of the month, indicating that the border with Northern Ireland remained an issue.
  • Ireland Prime Minister Leo Varadkar had spoken to his British counterpart Boris Johnson on this issue. He added that London's proposals do not fully meet the agreed objectives for keeping the border invisible and free-flowing.
  • Earlier, the British Prime Minister Boris Johnson had reiterated that the UK will leave the EU on 31st October.

Jitendra Kumar is new HC Chief Justice of Andhra Pradesh

  • Justice Jitendra Kumar Maheshwari, Judge of the Madhya Pradesh High Court, has been appointed as Chief Justice of Andhra Pradesh High Court by President Ram Nath Kovind.
  • In August this year, the SC collegium headed by Chief Justice of India Ranjan Gogoi recommended Justice Maheshwari’s name for appointment as CJ of the AP High Court.
  • The office of the Andhra Pradesh High Court Chief Justice has been lying vacant since the day of its inception. Following its creation, the High Court has been manned by Acting Chief Justice Chagari Praveen Kumar.

Manmohan to join first batch of pilgrims to Kartarpur Sahib

  • Former Prime Minister Manmohan Singh has agreed to be a part of the first ‘jatha’ (batch) of pilgrims to the Sikh shrine of Kartarpur Sahib across the border in Pakistan, while President Ram Nath Kovind and Prime Minister Narendra Modi will participate in the 550th birth anniversary celebrations of Sikhism founder Guru Nanak Dev.
  • Initially, 5,000 pilgrims will be allowed to visit daily from India but later 10,000 pilgrims will be allowed per day.
  • Pakistan is building the corridor from the Indian side of the border to the Gurdwara Darbar Sahib, while the other part from Dera Baba Nanak in Gurdaspur up to the border is being built by India.

Pak PM Imran Khan to Visit China Next Week to Revive Stalled CPEC Projects

  • Prime Minister Imran Khan will visit China on October 7-8 to meet the country's top leadership and revive the stalled USD 60 billion China-Pakistan Economic Corridor (CPEC) projects.
  • Multi-billion dollar CPEC was launched in 2015 and several projects under the first phase are close to completion. But the progress on CPEC next phase projects have slowed since Prime Minister Imran Khan came to power last year.
  • The CPEC-related projects have stalled due to certain reasons, including prevailing financial crunch confronting the government and non-cooperation' of the bureaucracy due to fear of the National Accountability Bureau' the anti-corruption watchdog.

PM Modi, Mauritian counterpart jointly inaugurate projects

  • Prime Minister Narendra Modi and Mauritian Prime Minister Pravind Jugnauth have jointly inaugurated two landmark projects in Mauritius through video conferencing. These are Phase-1 of the Metro Express and a new ENT Hospital.
  • India is already involved in a number of projects in Mauritius including Hospitals and Housing projects. In 2016, India provided a Special Economic Package of 353 million dollars for the execution of five projects in the Indian ocean country.

President Kovind presents Vayoshreshtha Samman-2019

  • President Ram Nath Kovind had conferred the Vayoshreshtha Samman-2019 on the eminent senior citizens and institutions in New Delhi in recognition of their services towards the cause of the elderly persons.
  • Vayoshreshtha awards are instituted by the Social Justice and Empowerment Ministry and are presented as part of the celebration of the International Day of Older Persons on 1st October..

RBI to announce bi-monthly monetary policy for current fiscal today

  • The Reserve Bank of India (RBI) will announce its fourth bi-monthly policy for the current fiscal today. There is widespread expectation that RBI’s Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das will slash benchmark interest rate to give a fillip to the economy.
  • The RBI Governor has already hinted that the benign inflation provides room for further monetary policy easing.
  • Experts feel that the further reduction of repo rate will not only bring down the lending rates but also incentivise investment and boost consumption.

Strong typhoon hits South Korea, nine killed

  • A powerful typhoon by the name ''Mitag'' has lashed southern South Korea, leaving nine people dead and five others missing. Typhoon Mitag brought strong winds and heavy rainfall to the southern part of the country during the last two days.
  • The storm knocked out power to 48,670 homes and flooded hundreds of homes and other buildings.

Two HDIL directors arrested in PMC Bank scam

  • The Economic Offences Wing of Mumbai police has arrested two directors of the Housing Development Infrastructure Limited (HDIL) for their alleged involvement in the Punjab and Maharashtra Cooperative (PMC) Bank scam.
  • Rakesh Wadhawan and his son Sarang Wadhawan, accused of loan default were arrested after detailed interrogation. Properties worth 3,500 crore rupees of HDIL have also been frozen.

US widens trade war with tariffs on Airbus planes, French cheese, Scotch whisky

  • The United States has said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch, Irish whiskies and cheese from across the continent as punishment for illegal EU aircraft subsidies.
  • The announcement came after the World Trade Organization gave USA a green light to impose tariffs on 7.5 billion dollars worth of EU goods annually in the long-running case, a move that could ignite a tit-for-tat transatlantic trade war.
  • The WTO has confirmed that the United States is entitled to impose countermeasures in response to the EU’s illegal subsidies.
  • The US target list for EU tariffs, set to take effect on Oct. 18, includes large Airbus planes made in France, Britain, Germany and Spain for 10% tariffs.

Women's Cricket: India defeat South Africa by 5 wickets in fifth T20

  • India defeated South Africa by five wickets in the fifth T20 International taking an unassailable 3-0 lead in the six-match series. Indian spinners Deepti Sharma (2 for 19) and Radha Yadav (3 for 23) bowled brilliantly and restricted South Africa to 98/8 in 20 overs.
  • Chasing a modest target skipper Harmanpreet Kaur slammed 34 not out off 32 balls as the Women in Blue won in 17.1 overs