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RK Singh launches award scheme under ‘Saubhagya’ for achieving 100 % household electrification

RK Singh, Minister of State (IC) for Power and New & Renewable Energy announced an award scheme under Saubhagya to felicitate the DISCOMs (Distribution Companies) / Power Department of States and their employees for achieving 100 % household electrification.
Key Points:
i. 8 states which had already achieved more than 99 % household electrification before the launch of Saubhagya are not eligible for the awards.
ii. Awards will be given in 3 categories for DISCOMs / Power Departments of: Special Category States (which includes 7 North Eastern States, Sikkim, J&K and Uttarakhand) other than Special Category States having more than 5 Lakh un-electrified households other than Special Category States having less than 5 Lakh un-electrified households
iii. Two quantum of award will be granted in each of the 3 categories. The 1st DISCOM / Power Department of States to achieve 100 % household electrification by 30th November 2018 will be awarded Rs. 50 Lakh under 1st quantum and Rs. 100 Crore under 2nd quantum.
iv. Other DISCOM/Power Department of States to achieve 100% household electrification by 31st December 2018 will be awarded certificate of appreciation for five officials.
About ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ (Saubhagya) Scheme:
Launched – September 2017
Aim – to achieve universal household electrification in India by 31st March 2019

Government launches ‘Swastha Bharat Yatra’ campaign to create awareness about Food Safety

On the Occasion of the World Food Day, Government of India Launched a Campaign named “Swastha Bharat Yatra” to create awareness about Safe Food.
The Government gives an annual subsidy of about Rs.2 Lakh crore with public Distribution System and through other welfare Schemes in order to make available of foods to all the people.
Key Points:
i. The Campaign is Launched by Central Governmnet association with the State Government and it is led by the Food Safety and Standards Authority of India (FSSAI).
ii. The ‘Swasth Bharat Yatra’ is launched simultaneously at Leh(in Jammu & Kashmir),Panaji(Goa),Thiruvananthapuram(Kerala),Puducherry,Ranji(Jharkhand) and Agartala(Tripura).
iii. Around 7500 Cyclists are to be participated in over 18000 Km relay cycle across the states and UT for 100 days from October 16 to January 27.
iv. This Campaign will spread message’s like ‘Eat Right India’,’Eat Right Mobile Unit’ and ‘Mobile Food Testing Unit’.

India ranked 58th most competitive economy in World Economic Forum(WEF) index

World Economic Forum(WEF) released the Index on Most Competitive Economy for 2018,in which India ranked 58th out of 140 Countries.India jumped 5 places from 2017.
i. India Scored 62.0 in the latest Global Competitiveness Index.This is the largest gain among all G20 economies.
ii. US topped the Index,Singapore and Germany followed it.
iii. China Ranked at the 28th Position with a score of 72.6 among the BRICS Countries,Russia ranked 43rd Position with a score of 65.6,South Africa with a score of 60.8 ranked 67th Position and Brazil ranked with 72nd Position with a score 59.5.
iv. The Country is ranked on the following factor: Institutions, Infrastructure; Technological readiness; Macroeconomic context; Health; Education and skills; Product market; Labour market; Financial system; Market size; Business dynamism; and Innovation.
v. Top 10 Countries:1.US, 2.Singapore, 3.Germany , 4.Switzerland, 5.Japan, 6.Netherland, 7.Hong Kong, 8.United Kingdom, 9.Swedan, 10.Denmark.
About World Economic Forum:
Founder and Executive Chairman:Klaus Schwab

Suheil F. Tandon wins International Olympic committee (IOC) award

Suheil F. Tandon has won the International Olympic Committee’s Sport and Active Society Commission’s Grant Award for his contribution to sports for development.
i. Suheil F. Tandon is a social Entrepreneur. He is the Founder of Pro Sport Development (PSD) and Executive Director of Martha Farrell Foundation.
ii. International Olympic Committee (IOC) redistributes more than 90 % of its income to the wider sporting movement, to help athletes and sports organisations throughout the world.
iii. These grants are worth USD 25,000 each. They are awarded to grassroots organisations conducting effective sport for all programmes in various parts of the world.
iv. The award function was held during the Olympism in Action forum held in Buenos Aires, Argentina, on 5th and 6th October 2018.
About International Olympic Committee (IOC):
Headquarters – Lausanne, Switzerland
President – Thomas Bach

India And Tanzania Sign 2 MoUs

i. India and Tanzania signed two MoUs in presence of External Affairs Minister Sushma Swaraj and Tanzanian Foreign Minister Dr. Augustine Mahiga. The MoUs are between Foreign Service Institute of India and Centre for Foreign Relation, Tanzania and National Research Development Corporation and Tanzania Industrial Research and Development Corporation.
ii. The agreements were signed following India-Tanzania 9th Session of Joint Commission on Economic, Technical and Scientific Cooperation in New Delhi.

Canada Becomes 2nd Country To Legalize Recreational Cannabis

i. Canada has become the second country after Uruguay to legalize possession and use of recreational cannabis.
ii. Canadians can now grow up to four plants in their own home and carry up to 30 grams of dried cannabis for personal use. Cannabis possession first became a crime in Canada in 1923 but medical use has been legal since 2001.

Union Minister MJ Akbar Resigns

i. Former editor MJ Akbar has resigned from his post of Minister of State for External Affairs amid sexual harassment allegations against him by over sixteen female journalists.

BankBazaar Appoints Former RBI Deputy Governor S S Mundra As Advisor

i. Online financial services marketplace BankBazaar has appointed former RBI Deputy Governor (DG) S S Mundra as an advisor to the company. Mundra was a deputy governor at the RBI for three years till July 2017.
ii. BankBazaar Co-Founder & CEO Adhil Shetty stated that as the digital mode is increasingly becoming the preferred way to transact, there is a greater need for collaboration between fin-tech, regulators, and financial institutions.

Anna Burns Wins 2018 Man Booker Prize For Her Novel ‘Milkman’

i. Northern Irish author Anna Burns has won the 2018 Man Booker Prize for her novel ‘Milkman’, which is her third full-length novel.
ii. The book is about an 18-year-old girl, known as “middle sister”, who is sexually harassed by an older paramilitary figure, called the “milkman”. Anna Burns has become the first Northern Irish author to win the Man Booker prize.