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24th October Current Affairs 2018

  1. 3rd Decadal International year of Reefs-2018

The International Conference on Status and Protection of Coral Reefs (STAPCOR – 2018) with the theme “Reef for Life” was inaugurated by the Union Minister of Environment, Forest and Climate Change, Dr. Harsh Vardhan on 22nd October at Bangaram coral Island of Union Territory of Lakshadweep.

  • About 150 delegates both International and National, are participating in this mega event at Bangaram Island from 22nd to 24th October, 2018.
  • The delegates and keynote speakers for technical deliberations have come from United State of America, United Kingdom, Kuwait, Italy, France, Maldives and Sri Lanka.
  • The conference will conclude on the 24th October, 2018.
  1. PM to launch “Main Nahin Hum” Portal and App

The Prime Minister, Shri Narendra Modi, will interact with IT and electronic manufacturing professionals across India on October 24, 2018, on the occasion of the launch of the “Main Nahin Hum” Portal and App.

  • The portal, which works on the theme “Self4Society”, will enable IT professionals and organizations to bring together their efforts towards social causes, and service to society, on one platform.
  • In doing so, the portal is expected to help catalyse greater collaboration towards the service of the weaker sections of society, especially by leveraging the benefits of technology.
  1. India – Czech Joint Commission on Economic Cooperation held in Prague

The eleventh session of India – Czech Republic Joint Commission on Economic Cooperation (JCEC) was held on 22nd – 23rd October 2018 at Prague.

  • The Indian delegation was led by Minister of State for Commerce & Industry, Consumer Affairs and Food & Public Distribution, C. R. Chaudhary. Miss Marta Nováková, Minister of Industry & Trade of Czech Republic led the Czech side.
  • The deliberations were marked with the mutual desire to further expand and strengthen relations between the two countries in the economic field.
  1. Forty-five Indian companies participate in SIAL Paris exhibition

Forty-five Indian companies are participating in the SIAL Parisexhibition – the largest international market place for food service professionals.

  • Trade Promotion Council of India (TPCI) has inaugurated a special Indian pavilion in the ongoing mega exhibition for the participating companies.
  • SIAL Paris is the leading exhibition of food service products with more than 7020 French and international exhibitors from 109 countries displaying their foodstuffs, ranging from ingredients to processed products, including fresh produce.
  • Chairman TPCI, Mohit Singla, said that this exhibition is an ideal platform for the Indian participants to explore the business opportunities for trade, acquaint with new consumer trends, food innovations, food services, marketing tie-ups and joint ventures.
  1. Six-member panel set up to resolve stressed assets

The overseeing committee (OC) that is being set up under the inter-creditor agreement (ICA) for resolution of stressed assets will have six members.

  • These members include Janki Ballabh (former Chairman, State Bank of India), MBN Rao (former Chairman & Managing Director, Canara Bank ), M Damodaran (former Chairman, SEBI) and HR Khan (former Deputy Governor, RBI).
  • The OC, which is being formed under the aegis of the Indian Banks’ Association (IBA), will approve resolution plans for stressed assets submitted by lead lenders.
  1. 38 MoUs signed at Bhubaneswar Steel Conclave

Capital Goods(CG) producers from across the globe inked 38 MoUs with Indian steel companies which will reduce imports for the steel sector worth Rs 39,400 crore.

  • The MoUs were signed at a Conclave in Bhubaneswar which was organized by Ministry of Steel, Government of India, in association with Confederation of Indian Industry (CII) and MECON.
  • The National Steel Policy – 2017 envisages creation of 300 million tonnes (MT) of steel capacity in the country by 2030-31 as against existing 130 MT.
  1. M Nageshwar Rao appointed interim CBI director

M Nageshwar Rao was appointed as interim Central Bureau of Investigation (CBI) director with immediate effect.

  • Director Alok Verma and Special Director Rakesh Asthana were sent on leave.
  • The development has come at a time when there is an internal war going on within the agency.
  • Asthana, a 1984 batch Indian Police Service officer of Gujarat cadre, is accused of accepting a bribe of Rs 2 crore from a Hyderabad-based businessman Sathish Babu Sana.
  1. Invest India wins UN Investment Promotion Award

Invest India has received the top UN Investment Promotion Award in recognition of its efforts to boost investments in the renewable energy sector in India.

  • The award was presented by Armenian President Armen Sarkissian to Deepak Bagla, the CEO of Invest India, in Geneva at the inaugurations of the World Investment Forum organised by the UN Convention on Trade and Development (UNCTAD).
  1. 3rd Elite men’s boxing National Championship to be held in Pune

Army Sports Institute, Pune under the aegis of Services Sports Control Board is conducting the 3rd Elite Men’s Boxing National Championship with effect from 27 October to 02 November 2018.

  • The competition will involve participation of nearly 360 Boxers in Men’s Category from 36 teams of various States/Services.
  • The venue is Army Sports Institute, Mundwa Road, Ghorpadi Pune.
  • This Championship will be conducted for all ten Weight Categories.
  • This Championship will be short listing boxers for National Camps and next year’s Olympic Qualifying Tournaments by Boxing Federation of India.

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