Daily Current Affairs - 27th Oct 2019

ASI finds 2000 year old trade centre in Andhra Pradesh

  • The ASI (Archaeological Survey of India) recently discovered that the present-day state of Andhra Pradesh had a maritime center near the banks of Swarnamukhi river around 2,000 years ago.
  • The trade settlement centre is found in Andhra Pradesh's Gottiprolu village, along with a Pallava - period Vishnu statue.

BASIC countries urge developed nations to adhere to commitments under Paris Agreement to fight climate change

  • BASIC countries have urged developed nations to adhere to the commitment made under the Paris Agreement and provide finance and technology to the developing world. In a joint statement, the BASIC, a bloc of four large countries, Brazil, South Africa, India and China, emphasized that the global climate action should promote climate justice by recognizing fundamental equality of all people in accessing economic growth and sustainable development.
  • After the conclusion of two-day 29th BASIC Ministerial meeting on climate change at Beijing in China, the countries reaffirmed and emphasized the need for people's participation and climate-friendly lifestyle for addressing the challenge of climate change.

Botswana's Masisi retains presidency as BDP wins election

  • Mokgweetsi Masisi was declared president of Botswana, retaining his position and the ruling Botswana Democratic Party’s long dominance of power.
  • The BDP surpassed the 29-seat threshold needed in the national assembly to secure the presidency.

Boxer Deepak gets silver in World Military Games

  • Indian pugilist Deepak won a silver while tennis player N. Sriram Balaji claimed a bronze medal in their respective events at the ongoing seventh Military World Games.
  • Deepak had to settle for the silver in the men’s light fly weight (46-49kg) category after losing 0-5 to gold medallist Zhussupov Temirtas of Kazakhstan in the final.
  • Balaji added to India’s medal tally by outclassing Uzbekistan’s Fomin Sergey 6-2, 6-3 in the men’s singles.

Concessional GST Guidelines revised for purchase of Vehicle by Disabled

  • Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises, Government of India, in pursuance of Ministry of Finance, has notified the revised guidelines for availing the concessional rate of GST, for purchase of vehicle by the persons with orthopedic disability, of 40% and above.
  • The concession can be availed for motor vehicles of length not exceeding 4000mm only, namely:- Petrol, Liquified petroleum gases (LPG) or compressed natural gas (CNG) driven vehicles of engine capacity not exceeding 1200cc; and Diesel driven vehicles of engine capacity not exceeding 1500 cc

Disabled, and people over 80 years of age can now vote through postal ballot

  • The disabled and people over 80 years of age can now cast their vote through postal ballot. At present, voting through postal ballot is available to armed forces and those assigned poll duties.
  • On the recommendation of the Election Commission, the Ministry of Law and Justice has amended the Conduct of Election Rules, 1961, on October 22, allowing senior citizens and person with disabilities in the absentee voter list. The absentee voter refers to a vote cast by someone who is unable to go to the polling station.

Grand Diwali celebrations at Ayodhya set world record; over 5 lakh 51 thousand Diyas lit

  • In Uttar Pradesh, Grand Diwali celebrations at Ayodhya have set a world record as over 5 lakh 51 thousand earthen lamps or Diyas were lit. The Diyas were lit on the banks of the holy river Saryu and other places in Ayodhya town.
  • This is the third consecutive year of Deepotsav in Ramnagari. Last year more than 3 lakh earthen lamps were lit at Saryu river in Ayodhya. The state government has given this Ayodhya Deepotsav the status of a State Fair.

IRDAI sets up panel to evaluate application under regulatory sandbox

  • Insurance regulator IRDAI has set up a committee to evaluate applications filed under the Regulatory Sandbox approach to promote innovative ideas to foster growth in insurance sector.
  • Regulatory Sandbox (RS) usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may permit certain relaxations for the limited purpose of testing.
  • To evaluate such applications, the regulator formed an eight-member panel headed by International Institute of Information Technology (Bangalore) Director S Sadagopan.

Ladakh administration to organize first Ladakh Literature Festival

  • Ladakh administration is organizing a 3-Day Ladakh Literature Festival from 29th to 31st October. The first-ever Ladakh Literature festival aims to celebrate the uniqueness of the region in the fields of Art, Culture and Literature.
  • There will be screenings of Ladakhi films, discussions on Heritage and presentations on History and Archeology of Ladakh, during the festival.

Mining, metals companies partner with WEF on responsible sourcing

  • Seven mining and metals companies have partnered with the World Economic Forum (WEF) to support the responsible sourcing of raw materials using blockchain technology. The Mining and Metals Blockchain Initiative was founded by diversified miners Antofagasta Minerals, Eurasian Resources Group (ERG) and Glencore; Tracr, on behalf of Anglo American and its subsidiary De Beers; base metals miner Minsure; and steel companies Klöckner & Co and Tata Steel.
  • The initiative will explore the building of a blockchain platform to address transparency, the tracking and tracing of materials and the reporting of carbon emissions.

NDB Board of Directors Approves Two Projects with Loans Aggregating to USD 800 millionaires

  • The Board of Directors of the New Development Bank (NDB) approved two projects worth USD 800 million. The following projects were approved:
  • Fundo Clima – Brazil National Climate Fund Project. The Bank will provide a sovereign loan of USD 500 million to the Federative Republic of Brazil for the Fundo Clima – Brazil National Climate Fund Project. The project is aimed at capitalizing Fundo Clima to expand its on-lending operations to sub-projects contributing to climate change mitigation and adaptation.
  • Renewable Energy Sector Development Project - The Bank will provide a loan of USD 300 million to REC Limited to support the Government of India's increasing investment in the renewable energy sector.

P V Sindhu crashes out of French Open (Badminton)

  • In Badminton PV Sindhu lost to Tai Tzu Ying in the quarter-final stage of the French Open.
  • Sindhu lost to the world number one from Taiwan 21-16, 24-26, 21-17 in 1 hour and 15-minute clash.

Uttar Pradesh government launched Mukhya Mantri Kanya Sumangala Yojana on Dhanteras

  • On the occasion of Dhanteras, Mukhya Mantri Kanya Sumangala Yojana was launched in Uttar Pradesh by Chief Minister Yogi Adityanath.
  • The programme aims at empowering the girl child for which an amount of 15 thousand rupees will be provided to every family in which a girl child takes birth.

Vigilance Awareness Week to be observed from 28th October to 2nd November

  • The Central Vigilance Commission (CVC) observes the Vigilance Awareness Week from 28th October to 2nd November, 2019. This is observed every year during the week in which the birthday of Sardar Vallabhbhai Patel (31st October) falls. This awareness week campaign affirms our commitment to promotion of integrity and probity in public life through citizen participation.
  • “Integrity- A way of life” has been chosen as the theme for the Vigilance Awareness Week this year by the Commission.

World Day For Audiovisual Heritage: 27 October

  • World Day for Audiovisual Heritage is celebrated all over the world on 27th of October.
  • The theme for World Day for Audiovisual Heritage 2019 is “Engage the Past Through Sound and Images”.