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03 October Current Affair For All Competition Exams

1. SIDBI launches Udyam Abhilasha

  • Small Industries Development Bank of India had launched a National Level Entrepreneurship Awareness Campaign in 115 Aspirational Districts.

Related Information

  • It launches on the occasion of birth anniversary of Mahatma Gandhi which is identified by NITI Aayog.
  • SIDBI has partnered with CSC e-Governance Services India Limited under the

   Ministry of Electronics & IT, Govt. of India CT

Objectives of the missionary campaign include

  • To inspire rural youth in aspirational districts to be entrepreneurs by assisting them to set up their own enterprise,
  • To impart training through digital medium across the country
  • To create business opportunities for CSC VLEs
  • To focus on women aspirants in these aspirational districts to encourage women entrepreneurship and
  • To assist participants to become bankable and avail credit facility from banks to set up their own enterprise.

About SIDBI

  • Small Industries Development Bank of India (SIDBI), is the Principal Financial Institution for the Promotion, Financing, Development and Coordination of the Micro, Small and Medium Enterprise (MSME) sector.
  • SIDBI meets the financial and developmental needs of the MSME sector with a Credit+ approach to make it strong, vibrant and globally competitive. 

Source-PIB

2. Butterfly species recorded in Arunachal Pradesh 

  • Around 180 species of butterflies were recorded in Seijosa area of Arunachal Pradesh’s East Kameng district.

Related Information

  • Important species of butterflies, including the ‘Creteus Cyrina’, ‘Arhopala Oenea’ and ‘Chersonesia Intermedia’.
  • The event organized by the Butterflies of Northeast India Group was held at the Pakke Wildlife Sanctuary and Tiger Reserve. 
  • Pakke is an important biological hotspot and butterflies play a key role in maintaining the biological richness of the region.

Source –TOI

3. IBSAMAR-VI 6th edition

  • It is a joint Multi-National Maritime Exercise between the Indian, Brazilian and South African Navies.

Related Information

  • It is being held at Simons Town, South Africa.
  • The last edition of IBSAMAR (IBSAMAR V) was conducted off Goa
  • The aim is to undertake collective training for participating navies, building interoperability and mutual understanding among them.

Source-PIB

4. Exercise Aviaindra-18 2nd edition

  • It is a biennial Air Force level exercise between the Indian and the Russian Federation.

Related Information

  • The exercise which was conducted at Lipetsk, Russia.
  • It also focused on the briefing on Aerospace safety and anti-terrorist air operations
  • The aim of the exercise was to formulate and validate the use of airpower in the anti-terrorist operation in a bilateral scenario.

Source-PIB

5. Gita Gopinath appointed IMF chief economist

  • Indian origin women economist Gita Gopinath is the second Indian appointed as the Chief Economist of International Monetary Fund.

Related Information

  • First was Raghuram Rajan former RBI governor to hold the prestigious post.
  • Gopinath, 46, succeeds Maurice “Maury” Obstfeld.
  • Gopinath currently serves as the John Zwaanstra Professor of International Studies and Economics at Harvard University.
  • Gopinath is a US citizen and an overseas citizen of India.

About IMF

  • The International Monetary Fund is an international organization.
  • It’s headquartered in Washington.
  • The Managing Director and Chairman of the International Monetary Fund are noted French lawyer and former politician, Christine Lagarde.
  • IMF working to foster global monetary cooperation secures financial stability.
  • It also facilitates international trade, promotes high employment and sustainable economic growth, and reduce poverty around the world.

Source-PIB

6. Farm policy will be in sync with global rules: India to WTO

  • India has informed the World Trade Organization that its proposed national agriculture export policy would be consistent with global trade rules.

Related Information

  • The policy aims to do away with restrictions such as minimum export prices or outright bans.
  • It seeks to double India’s farm exports to more than $60 billion by 2022.
  • It will support the policy in which government promise to help the farmer in  doubling their  income by 2022
  • India emphasis on the Green Box subsidies provided by WTO
  • Green box subsidies are non-distorting subsidies, permitted by the WTO.
  • India is ranked the ninth largest exporting nation, as per the latest WTO trade data for 2015.
  • Its share in global exports of agriculture products increased to 2.2% in 2016 from 1% a few years earlier.

Types of subsidies provided by WTO

Green box

  • Green box is a type of subsidy must not distort trade, or at most cause minimal distortion.

Amber box

  • Agriculture’s amber box is used for all domestic support measures considered to distort production and trade.

Blue box

  • Those subsidies which are not subject to the amber box reduction agreement because they are direct payments under a production-limiting program.

About WTO

  • The World Trade Organization is an intergovernmental organization that regulates international trade.
  • The WTO’s current Director-General is Roberto Azevêdo.
  • Its headquarters in Geneva, Switzerland.

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Source- Economics Times

7. Nobel Prize 2018

Nobel Prize 2018 To Whom For
In Medicine James Allison of the US and Tasuku Honjo of Japan  Cancer treatment inhibition of negative immune regulation.
In Physics Arthur Ashkin (U.S.), Gerard Mourou (France) and Donna Strickland (Canada) Optical lasers technique which is now used in corrective eye surgery.

Source- The Hindu

8. Justice Ranjan Gogoi Sworn as a new Chief Justice of India

  • Justice Ranjan Gogoi has been sworn-in as the 46th Chief Justice of India.

Related Information

  • President of India administered the oath of office at a function in Rashtrapati Bhawan.
  • Justice Gogoi is the senior-most judge of the Supreme Court after Chief Justice Deepak Misra
  • Justice Ranjan Gogoi has the tenure of a little over 13 months and will retire on November 17, 2019.

About Justice Gogoi

  • Justice Gogoi joined the Bar in 1978 and practiced mainly in the Gauhati High Court.
  • He was appointed as Permanent Judge of Gauhati High Court in February 2001.
  • He was transferred to Punjab and Haryana High Court in 2010 and later was appointed as Chief Justice.
  • He was elevated as Judge of the Supreme Court in April 2012.

Source- The Hindu

9. World Peace Monument Dome

  • World Peace Monument is the largest dome in the world.

Related Information

  • It is inaugurated on the occasion of the 150th birth anniversary of Mahatma Gandhi.
  • Situated at the Maharashtra Institute of Technology (MIT)’s World Peace University (MIT-WPU) campus at Loni Kalbhor.

About World Peace Monument

  • It is the brainchild of Dr. Vishwanath Karad founder-president of the MIT World Peace University.
  • The rationale behind it is to symbolize the unity of the Indian identity through its religions, ideologies, and literature.
  • The MIT-WPU has organized a four-day world parliament of science, religion, and philosophy at this campus.

Source- The Hindu

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