Current Affairs

  The 2nd “India-China Informal Summit” between Prime Minister Narendra Modi and China’s President Xi Jinping begins at Mamallapuram, Tamil Nadu. The 1st summit took place in Wuhan in the wake of the Doklam crisis in April, 2018.
Source: The Hindu

  The 2nd edition of Coordinated Patrol (CORPAT) of the navies of India and Bangladesh has begun in Northern Bay of Bengal. Guided-missile destroyer INS Ranvijay and ingeniously built missile Corvette INS Kuthar are participating in the exercise along with BNS Ali Haider and BNS Shadinota from Bangladesh. The exercise aims at development of mutual communication and sharing of best practices between the two navies. The India Bangladesh CORPAT commenced in 2018.
Source: The DD News

  The 1st ever ‘India International Cooperatives Trade Fair’ has been inaugurated in New Delhi. The 3 day Fair is a major platform to promote export of products of cooperatives which will lead to enhanced rural and farm prosperity. Organisations from 35 countries and more than 150 Indian cooperatives are participating in the Fair. Agriculture Minister Narendra Singh Tomar also launched ‘Yuva Sahakar’ Cooperative Enterprise Support and Innovation Scheme 2019.
Source: The DD News

 Vice President M Venkaiah Naidu has signed an MoU with the island nation Comoros. As per MoU, India will extend over $60 mn line of credit to Comoros for Energy and Maritime Defence Cooperation. The Line of Credit consists of over USD 41.6 million for setting up of 18 MW Power Plant in Moroni and another USD 20 million for the procurement of High-Speed Interceptor Boats. The Vice President was also conferred ‘The Order of the Green Crescent’, the highest Civilian Honour of Comoros, by Azali Assoumani, President of Comoros in Moroni.
Source: The News On AIR

  Gujarat will host the State Power Ministers’ Conference. It will take place at Kevadia, on the banks of Narmada river. The 2 day conference will see discussions on policies related to emerging technologies in sustainable and renewable energy sector. It will also look after the implementation of Prime Minister Kusum Yojana, Solar Roof top, renewable energy development in the border areas, projects for Ultra Mega Renewable Energy Parks, ease of doing business in solar and wind energy space and the concerning issues related to regulatory matters, land and infrastructure.
Source: The Hindu

  The 9th Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting will be held in Bangkok, Thailand. This will be the final Ministerial meeting before the 3rd Leaders’ Summit which will be held on November 4, 2019 in Bangkok. Commerce Minister Piyush Goyal will represent India in the meeting. He will also hold a series of bilateral meetings with his counterparts from Japan, Singapore, China, Australia and New Zealand during the Bangkok Ministerial.
Source: The Hindu

  Government e-Marketplace signed an MoU with Union Bank of India. As per the MoU, UBI will be able to offer an array of services including transfer of funds through GeM Pool Accounts, advising of Performance Bank Guarantees and Earnest Money Deposit to the registered users on the GeM portal. The MoU will facilitate a cashless, paperless and transparent payment system on the portal and will create an efficient procurement system for government entities. GeM is an initiative of the Government of India offering one stop platform facilitating online procurement of common use goods and services required by various government departments, organisations, Public Sector Units.
Source: The Press Information Bureau

  Moody, the rating agency has lowered its 2019-20 GDP growth forecast for India to 5.8% from 6.2%. It stated that the Indian economy is experiencing a pronounced slowdown partly due to long-lasting factors.
Source: The Live Mint

  Legendary saxophonist and the Padma Shri awardee Kadri Gopalnath passed away. The Carnatic music maestro won multiple awards in his illustrious career, including the Kendra Sangeetha Nataka Academy Award and Karnataka Kalashree. He had the distinction of being the first Carnatic musician to be invited in the BBC Promenade concert in the Royal Albert Hall at London in 1994.
Source: The Hindu

  The Maharashtra and Goa Circle of the India Post is celebrating National Postal Week. The postal circle is observing the National Postal Week in each of the six regions under its jurisdiction – Mumbai, Navi Mumbai, Pune, Nagpur, Aurangabad and Goa. The week is being celebrated to spread awareness about services provided by the department and efforts made to meet changing requirements of customers. The week also commemorates the establishment of the Universal Postal Union in 1874 in the Swiss capital Berne.
Source: The Business Standard


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