Current Affairs: 25 October 2018 – Daily News Update

Current Affairs: 25 October 2018 – Daily News Update

1. 3 Indian-Americans Named In Time Magazine’s ‘Health Care 50’ List

Three Indian-Americans have been named in the Time magazine’s 2018 list of the 50 most influential people whose work is transforming healthcare in the US.

  • The three Indian-Americans included in the list are Divya Nag, Dr Raj Panjabi and Atul Gawande.
  • The list included physicians, scientists, business and political leaders, whose work is transforming healthcare.

2. Establishment of Appellate Tribunal under Prohibition of Benami Property Act, 1988

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the appointment of Adjudicating Authority and establishment of Appellate Tribunal under Prohibition of Benami Property Transactions Act(PBPT), 1988.

  • Appointment of an Adjudicating Authority, along with the three additional Benches and to establish the Appellate Tribunal under the PBPT Act;
  • To provide the officers and employees to Adjudicating Authority, Benches of the Adjudicating Authority and Appellate Tribunal by diverting the existing posts at the same level/rank from the Income Tax Deptt./Central Board of Direct Taxes (CBDT);
  • The Adjudicating Authority and Appellate Tribunal shall sit in the National Capital Territory of Delhi (NCTD).
  • Benches of Adjudicating Authority may sit in Kolkata, Mumbai and Chennai, and the necessary notification in this regard shall be issued after making consultation with the Chairperson of the proposed Adjudicating Authority.

3. Cabinet approves setting up of Indian Institute of Skills in PPP modes

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the for setting up of Indian Institute of Skills(IISs) at different locations across the country in Public Private Partnership (PPP), which will be explored for promotion of IIS at select locations based on demand and available infrastructure.

  • The setting up of IISs shall augment the global competitiveness of key sectors of Indian economy by providing high quality skill training, applied research education and a direct and meaningful connection with industry.
  • It will provide opportunity to aspiring youth across the country to have access to highly skilled training, and enhance the scope of accountability through its linkage with industry and global competitiveness across sectors.
  • By leveraging advantages of private sector enterprise and public capital in terms of Government land, it would create new institutes of expertise, knowledge and competitiveness.

4. Creation of Fisheries and Aquaculture Infrastructure Development Fund (FIDF)

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has given its approval for creation of special Fisheries and Aquaculture Infrastructure Development Fund (FIDF).

  • The approval entails an estimated fund size of Rs.7,522 crore, comprising Rs.5,266.40 crore to be raised by the Nodal Loaning Entities (NLEs), Rs. 1,316.6 crore beneficiaries contribution and Rs.939.48 crore budgetary support from the Government of India.
  • National Bank for Agriculture and Rural Development (NABARD), National Cooperatives Development Corporation (NCDC) and all scheduled Banks (hereinafter referred as Banks) shall be the nodal Loaning Entities.

5. Vice President Inaugurates International Conference ‘AFITA/WCCA2018’

The Vice President of India, Shri M. Venkaiah Naidu has said that value addition for agricultural production is one of the solutions for improving farmers’ income.

  • He was addressing the inaugural session of the International Conference ‘AFITA/WCCA2018’ on Research Frontiers in Precision Agriculture, jointly organized by Asia-Pacific Federation for Information Technology in Agriculture, International Network for Information Technology in Agriculture and Indian Society for Agricultural Information Technology, in Mumbai.
  • The Vice President said that farming community needs to diversify and take up allied activities like fisheries, dairy and poultry as well to supplement on-farm incomes.


6. GoM set up to strengthen safety laws for women at workplaces

The government has constituted a group of ministers (GoM) to strengthen the legal and institutional frameworks to prevent and deal with sexual harassment of women in workplaces.

  • Headed by Union home Minister Rajnath Singh, the fourmember GoM will examine the existing provisions for dealing with sexual harassment of women in offices.
  • The other members of the GoM are road transport and highways minister Nitin Gadkari, defence Minister Nirmala Sitharaman and women and child development minister Maneka Sanjay Gandhi.

7. Satish Kumar Gupta appointed CEO of Paytm Payments Bank

Paytm Payments Bank has appointed veteran banker Satish Kumar Gupta as managing director and CEO.

  • Gupta comes in after Renu Satti stepped down as CEO in July and moved on to head the company’s new retail business.
  • Gupta was former deputy general manager at State Bank of India where he worked for over three decades.


8. M.S. Swaminathan to be awarded World Agriculture Prize

Agricultural scientist M.S. Swaminathan will receive the first World Agriculture Prize instituted by the Indian Council of Food and Agriculture (ICFA) in New Delhi.

  • The prize will be presented by Vice-President Venkaiah Naidu at Vigyan Bhawan at a special session.
  • The prize has been instituted by the ICFA with an aim to recognise individuals who have served humanity through agriculture.

9. PM awarded the 2018 Seoul Peace Prize

The Seoul Peace Prize Committee has decided to confer the 2018 Seoul Peace Prize on Prime Minister Shri Narendra Modi, in recognition of his dedication to improving international cooperation, raising global economic growth, accelerating the Human Development of the people of India by fostering economic growth in the world’s fastest growing large economy and furthering the development of democracy through anti-corruption and social integration efforts.

  • While awarding the 2018 Seoul Peace Prize, the Award Committee recognized Prime Minister Modi’s contributions to the growth of the Indian and global economies, crediting ‘Modinomics’ for reducing social and economic disparity between the rich and the poor.
  • The Committee lauded PM’s initiatives to make the government cleaner through anti-corruption measures and demonetization.
  • The Committee also credited Prime Minister for his contribution towards regional and global peace through a proactive foreign policy with countries around the world under the ‘Modi Doctrine’ and the ‘Act East Policy.’
  • Prime Minister Modi is the fourteenth recipient of this award

Current Affairs: 25 October 2018 – Daily News Update