Daily Current Affairs - 10th Oct 2019

Dearness allowance of government employees hiked by 5%

  • Additional installment of Dearness Allowance and Dearness Relief was approved by the Union Cabinet.
  • According to the approval, the central government employees are provided with a increase of 5%. Currently it is 12% of the basic pay. Similarly, the Dearness Relief to the pensioners was increased to 5% while its current rate is 12% of the pension. The increase is being done to compensate the price rise. The increase is based on the recommendations 7th Pay commission.
  • The DA and DR paid to the Central Government employees and pensioners are to adjust the cost of living and to protect their basic pay. Generally, it is revised twice a year.

DHRUV – Pradhan Mantri Innovative Learning Programme launched

  • The ambitious Pradhan Mantri Innovation Learning Programme - DHRUV - will kick start at ISRO in Bengaluru and conclude on 24th of this month at IIT, Delhi.
  • The programme is named after a pole star called DHRUV TARA. The main objective of the program is to allow students realize their complete potential and contribute to the society.
  • Sixty brightest and talented students from Science, Mathematics and Performing Arts have been chosen for the programme. It aims to further sharpen innovative imagination, skills and knowledge of the students who are expected to contribute to bringing solutions to socio-economic, political and environmental issues in the country.

Germany's Bastian Schweinsteiger announces retirement from football

  • German World Cup champion Bastian Schweinsteiger has announced his retirement from soccer.
  • Schweinsteiger spent a major part of his career with European giants Bayern Munich, where he won 8 Bundesliga titles and 7 German cups as well as the Champions league in 2013.

Govt launches disaster warning device

  • The Government of India launched the GEMINI device that will provide information related to disaster warning. This is exclusively designed for fishermen about disasters when they are 10 to 12 km away from the coast.
  • Gagan Enabled Mariner’s Instrument for Navigation and Information (GEMINI) device will disseminate seamless and effective emergency information and communication on disaster warnings, Potential Fishing Zones, PFZ, and the Ocean States Forecasts to fishermen.

Infosys to deliver digital transformation services for Volvo cars

  • Infosys has been selected as the main supplier to deliver Volvo Cars’ digital transformation services for its enterprise digital commercial operations applications and products. Infosys will offer next generation application services leveraging its global delivery model (GDM), agile delivery, automation and other service optimisation levers to deliver effective service operations.
  • Based on the Scale Agile Framework (SAFe), Infosys will enable transformation of application management and application development deliveries to a 100% agile operating model.

Jal Shakti Ministry launches Ganga Aamantran Abhiyan

  • Jal Shakti Minister Gajendra Singh Shekhawat launched a unique initiative called 'Ganga Amantran' to connect with the stakeholders of the river. It is a pioneering exploratory open- water rafting and kayaking expedition on the Ganga river.
  • This is the first ever effort by National Mission for Clean Ganga to raft across the entire stretch of the river and also the longest ever social campaign undertaken through an adventure sporting activity to spread the message of River Rejuvenation and Water Conservation on a massive scale.

Mithali Raj becomes 1st female player to complete 20 yrs in international cricket

  • India women's cricket captain Mithali Raj became the first female player to last more than 20 years in international cricket.
  • She achieved the feat while leading India to an emphatic eight-wicket win over South Africa Women in the first ODI at Vadodara.
  • Mithali, who made her ODI debut against Ireland on June 26, 1999, completed 20 years and 105 days in the 50-over format. The right-handed batswoman has played 204 ODIs till now, the most by a female. 36-year-old Mithali who retired from T20 cricket last month has also played 10 Tests and 89 T20 Internationals for India.

MSDE launches Mahatma Gandhi National Fellowship Programme with IIM Bangalore

  • Union Ministry of Skill Development and Entrepreneurship (MSDE) signed a contract with Indian Institute of Management (IIM) Bangalore for introducing a two-year fellowship programme called ‘Mahatma Gandhi National Fellowship (MGNF) programme’. The step is taken to boost skill development at the district level.
  • The programme is designed under Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP).

Nobel in Chemistry for development of lithium-ion batteries

  • The 2019 Nobel Prize in Chemistry has been awarded to John B. Good enough, M. Stanley Whittingham and Akira Yoshino "for the development of lithium-ion batteries. It has revolutionized the world of technology.
  • The batteries power everyday products such as smartphones, laptops and even electric vehicles.
  • The work of this year's Chemistry Nobel laureates led to the development of "a lightweight, hardwearing battery that could be charged hundreds of times before its performance deteriorated.

October 10: World Mental Health Day

  • The World Mental Health Day (WHD) is organized by World Federation for Mental Health and is supported by WHO – World Health Organization all over the world. The main objective of WHD is to raise awareness about mental health issues all over the world. It provides an opportunity to the stakeholders to talk about their work and inspire others. This year WHO is joined by International Association for Suicide Prevention and United for Global Mental Health to support the event.
  • The theme for 2019 is: “Suicide Prevention”.

OECD proposes plan to tax Google, Netflix among other tech giants

  • The Organisation of Economic Co-operation and Development (OECD) has proposed an overhaul in the taxation system for multinational companies. This move could force entities, including digital giants Google, Netflix, Facebook, and Amazon, to shell out taxes in countries where they do not have physical presence.
  • The consultation paper floated by the 36-member bloc will also affect India’s right to tax these companies. While the Central Board of Direct Taxes has lauded the general intent, it has also expressed reservations over certain provisions. The final agreement is expected by 2020.

PM releases commemorative stamp to honour IAF Marshal late Arjan Singh

  • Prime Minister Narendra Modi released commemorative stamp to honour Marshal of Air Force late Arjan Singh in New Delhi. It was released ‘at home’ programme of the Indian Air Force to mark its 87th raising day. The stamp was released as a tribute to his exemplary service to nation.
  • Government of India had conferred rank of “Marshal of the Indian Air Force” on him in 2002. He was first and only ‘Five Star’ rank IAF officer. He was awarded Padma Vibhushan. In his honour, Union Government had renamed IAF’s Panagarh Air Force Base in West Bengal as ‘Air Force Station Arjan Singh’ in 2016.

RBI rejects merger of lndiabulls Housing Finance with Lakshmi Vilas Bank

  • The Reserve Bank of India (RBI) rejected the proposed amalgamation of lndiabulls Housing Finance and Lakshmi Vilas Bank (LVB), two weeks after the banking regulator initiated prompt corrective action (PCA) against the Chennai-based bank.
  • IBHFL and LVB had proposed a merger between the two in April in a share-swap deal under which LVB shareholders would get 14 shares of IBHFL for every 100 equity shares held in the bank.
  • In June this year, the Competition Commission of India (CCI) had given its nod to the proposed amalgamation.

Reliance Mutual Fund is now Nippon India Mutual Fund

  • Reliance Mutual Fund has been renamed as “Nippon India Mutual Fund “. The organization was renamed following the purchase of 75% stake in Reliance Nippon Life Asset Management by Nippon Life Insurance.
  • Nippon India Mutual Fund has become the largest foreign-owned Asset Management Company in India.

Union Health Minister, Dr. Harsh Vardhan launched the 'WHO India Country Cooperation Strategy 2019–2023

  • Union Health Minister, Dr. Harsh Vardhan launched the ‘WHO India Country Cooperation Strategy 2019–2023: A Time of Transition’ in New Delhi.
  • The Country Cooperation Strategy (CCS) is a document of WHO that guides countries for a medium term. The cooperation supports the country’s national health policy, plan and strategy. The strategy generally identifies the country needs, gaps and required areas of strategic collaboration.

World Space Week: 4th-10th October

  • The United Nations (Office for Outer Space Affairs) observes 4-10 October every year as World Space Week.
  • The United Nations General Assembly declared in 1999 that World Space Week (WSW) will be held each year from October 4-10. The dates were in recognition of the October 4, 1957 launch of the first human-made Earth satellite, Sputnik 1.
  • The theme for 2019 is: “The Moon: Gateway to the Stars”

“SPIRIT OF KERALA” WINS PEOPLE’S CHOICE AWARD

  • Short film from Kerala “Spirit Of Kerala” has won the People’s Choice Award at the recently concluded My Rode Reel film competition. The film won the honour beating 1,680 entries. The short film is based on a boat race and directed by Arun Joseph.
  • My Rode Reel film competition is touted as the ‘world’s largest short film competition’.