5111

CURRENT AFFAIRS DETAILS

# Title Description Image Date Source Link
1 Karnataka Govt launches ‘Unnati’

The Karnataka Department of Social Welfare has launched Unnati, a scheme to foster entrepreneurs working on rural and social impact technologies. As part of the scheme, the department will invest up to Rs 20 crore to create end-to-end support infrastructure for start-ups and entrepreneurs from a marginalised background.

The first stream of Unnati is technology innovation. Many people across the State are doing it, but entrepreneurs from SC/ST background are denied a chance. This scheme will identify and promote these entrepreneurs. The second stream of Unnati is social impact. Unnati will identify companies that are working on products and solutions for problems that are plaguing both the Government and society at large.

“This has been done with the renewed focus on entrepreneurship and with an aim to deliver sustainable development and social welfare which will identify, mentor, and promote young entrepreneurs from the SC/ST communities,” said Priyank Kharge, Karnataka Minister for Social Welfare.

He added: “The department will provide up to Rs 50 lakhs to winning entrepreneurs to develop tech-based solutions that are innovative, novel and have meaningful social impact.”

Lauding the scheme, Dr G Parameshwara, Karnataka Deputy Chief Minister, said, “Often, technological innovations reach the SC/ST communities and other vulnerable sections quite late. Historically oppressed and marginalised, hardworking and brilliant young entrepreneurs from these communities suffe

08-Oct-2018 News in Details
2 India's Keerthana Pandian wins IBSF world U-16 snooker title

Keerthana won the girls' title by outclassing Belarussian rival Albina Leschuk 3-1 in the final.
After qualifying for knockout stage as seed 4, Keerthana knocked out her compatriot Manasvini Sekar and Russian girl Alina Khairulina in straight frames 3-0 before meeting the defending champion and countrymate Anupama Ramachandran in the semis.

08-Oct-2018 News in Details
3 Centre to reimburse nearly Rs 450 cr to Karnataka against its expenditure on procuring cereals

The Centre has assured Karnataka government that nearly 450 crore rupees will be reimbursed to it in connection with the expenditure incurred for procuring cereals and coarse cereals.

This assurance came during a meeting between Karnataka Chief Minister HD Kumaraswamy and Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan in New Delhi yesterday.

An official release said, Mr Kumaraswamy discussed the state government's pending claims with Mr Paswan amounting to nearly 1127 crore rupees from the period 2006-07 to 2015-16.

Officials of the Food Department assured that Karnataka will be reimbursed about 450 crore rupees of expenditure within a week of receiving the revised demand letter for the claims related to the year 2015-16.

They also assured that remaining pending claims will also be resolved on war footing.

08-Oct-2018 News in Details
4 C'garh: Goyal, Singh lay foundation stone of Rs 6000 cr Rly

Goyal said that the construction of a new railway line connecting Katghora-Mungeli-Kawardha-Dongargarh would accelerate the growth of the mineral rich region and bring prosperity.


He was speaking at the function held in Kawardha to lay the foundation of the 295 kilometre project, which will be built at a cost of Rs 6,000 crore.

On the occasion, the union minister also flagged off Korba-Raipur-Korba Hasdeo Express through video conferencing.

Later, in a programme in Dhamtari district, Goyal and Singh laid the foundation stone of a railway gauge conversion project connecting Kendri (Raipur) to Dhamtari and Abhanpur to Rajim, cumulatively a 67 km long project.

At present, there is narrow gauge track between Kendri -Dhamtari and Abhanpur-Rajim sections which will be converted to broad gauge at cost of around Rs 544 crore, the railways said in a statement.

08-Oct-2018 News in Details
5 Country's biggest skill competition 'India Skills 2018' concludes

The country's biggest skill competition, India Skills 2018 has concluded in New Delhi.

The 164 winners were awarded yesterday by Minister of State for Skill Development and Entrepreneurship Anant Kumar Hegde.

Addressing the award winners, Mr Hegde said, they should not rest on this achievement, as the world outside has cut-throat competition.

He called upon the participants going for the world stage competitions in Russia and China to perform well and bring laurels to the nation.

AIR correspondent reports that IndiaSkills 2018 was the second edition of the nationwide competition organized by the Ministry of Skill Development and Entrepreneurship to identify, recognize, promote and reward the best talents in various skills.

Some of the winners of the competition will be given additional training, before they represent India at the 45th WorldSkills Competition at Kazan, Russia in 2019.

08-Oct-2018 News in Details
6 PM Narendra Modi says World accepts India will be the major engine of global growth in the coming decades

Prime Minister Narendra Modi has said that the country is going through a period of rapid transformation. Inaugurating Destination Uttarakhand: Summit 2018 in Dehradun today, he said, the world has accepted that India will be a major engine of global growth in the coming decades.


Mr. Modi said, speed and scale of economic reforms in the country is unprecedented. The Prime Minister said, India has improved by 42 ranks in the Ease of Doing business rankings. He said, the Insolvency and Bankruptcy Code has made doing business easier. Mr. Modi said, the implementation of GST is the biggest tax reform since independence.


Highlighting his government’s performance during the last 4 years, Mr Modi said, fiscal deficit has come down and inflation has been brought under control by the efforts of the government.


The Prime Minister said that the infrastructure sector is progressing rapidly. He spoke of the fast pace of road construction, railway line construction, new metro systems, high speed rail project, and dedicated freight corridors. He said, the recently launched Ayushman Bharat scheme will spur the development of medical infrastructure in the tier 2 and tier 3 cities.


The Prime Minister said that New India is a great destination for investment, and “Destination Uttarakhand” represents this spirit. Mr. Modi spoke of initiatives being taken in the food processing and renewable energy sectors. He also mentioned the achievements of the “Make in India” initiative.

08-Oct-2018 News in Details
7 Brett Kavanaugh Sworn In As US Supreme Court Justice

enate Minority Leader Charles Schumer, D-N.Y., delivered a message "to so many millions who are outraged by what happened here . . . vote."

Kavanaugh heads to the Supreme Court significantly scarred from the confirmation fight, which had the echoes of the 1991 battle over now-Justice Clarence Thomas who was accused of sexual harassment by law professor Anita Hill and defended himself in an emotional, high-stakes congressional hearing.

Already, Chief Justice John Roberts Jr. has received more than a dozen complaints of judicial misconduct against Kavanaugh but is not referring them for investigation for the time being. And in a joint appearance on Friday night at Princeton University, their shared alma mater, Justices Elena Kagan and Sonia Sotomayor raised concerns about how the bitter partisan battle over Kavanaugh will affect the court's reputation.

"We have to rise above partisanship in our personal relationships," said Sotomayor, who was nominated by President Barack Obama in 2009. "We have to treat each other with respect and dignity and with a sense of amicability that the rest of the world doesn't often share."

The tension surrounding Kavanaugh's nomination continued until the final minutes in the packed Senate chamber, where several protesters were escorted out after disrupting the vote, during which Vice President Mike Pence presided. Over shouts of "Shame! Shame! Shame!" and screams of "I do not consent!" each senator stood at his or her desk to vote - a move generally reserved for historic roll calls.

08-Oct-2018 News in Details
8 Nagaland’s Gandhi’ Natwar Thakkar dies aged 86

Eminent Gandhian Natwar Thakkar, popularly known as ‘Nagaland’s Gandhi’, died in a private hospital here on Sunday after a brief illness, family sources said.

He was 86 and is survived by his wife Lentina Ao, a son and two daughters.

He was admitted to the hospital here on September 19 after his health condition deteriorated.

His condition improved considerably but suddenly his blood pressure started dropping, and later, the kidneys failed, his son Dr. Aotoshi said.

.

08-Oct-2018 News in Details
9 Apple displaces Google to become world's top brand

San Francisco: Apple displaced Google to become the top brand in the world in 2018 while Facebook fell to ninth place in the top 100 brands globally.

According to global brand consultancy Interbrand's "Best 100 Global Brands 2018" report, Amazon achieved a 56 per cent growth to become the third top brand globally. According to the ranking, Apple's brand value grew 16 per cent (year-on-year) to $214.5 billion. It went on to become the first company in the US to hit the $1 trillion market cap.

"In second place, Google was up 10 per cent to $155.5 billion while Amazon is valued at $100.8 billion," campaignlive.co.uk reported, citing the report findings.

Microsoft (valued at $92.7 billion) was fourth while Coca Cola (valued at $66.3 billion) came fifth followed by Samsung on sixth spot. Facebook's brand value has declined 6 per cent this year in the wake of the Cambridge Analytica data scandal.
"A decade after the global financial crisis, the brands that are growing fastest are those that

06-Oct-2018 News in Details
10 WFE appoints NSE's Vikram Limaye as Chairman of Working Committee

National Stock Exchange of India (NSE) Managing Director and CEO Vikram Limaye has been appointed as Chairman of the Working Committee (WoCo) and Director on the Board of the World Federation of Exchanges (WFE).

According to a NSE statement on Wednesday, the appointment was made at the 58th General Assembly and Annual Meeting of WEF in Athens, Greece.


Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 200 market infrastructure providers, including standalone CCPs (Central Counterparties) that are not part of exchange groups.

06-Oct-2018 News in Details