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India
and Nepal sign Power Trade Agreement (PTA)
India
> Indo-Nepal > October 22
India and Nepal have signed
a historic Power Trade Agreement (PTA) which will allow exchange of
electricity and pave the way for cooperation in the hydropower
sector. The two countries had agreed on the deal when Prime Minister
Narendra Modi had visited Nepal in August. There is a provision of
establishing a joint working group in the PTA to be headed by joint
secretaries of the two countries. The joint group will sit every six
months and take up issues not only pertaining to the existing
cooperation in power sector between the two countries but will also
explore and identify new areas of cooperation.
RBI
asks banks to partially freeze KYC non-compliant accounts
Bank
Specific >
KYC > October 22
The RBI has said that banks
may partially freeze (allow all credits and disallow all debits) KYC
non-compliant accounts after giving due notice of three months
initially to the customers and followed by a reminder for further
period of three months. If the accounts are still KYC non-compliant
after six months of imposing initial partial freezing, banks may
disallow all debits/credits from/to such accounts and make them
inoperative. The bank may also close such accounts at will. The RBI
notification also said banks need not seek fresh proofs of identity
and address at the time of periodic updation, from those customers
who are categorised as 'low risk', in case of no change in status
with respect to their identities and addresses.
India
re-elected to UNHRC with highest votes
World
> UNHRC > October 22
India has been re-elected to
the United Nations Human Rights Council (UNHRC) for the period of
2015 to 2017 in the recently held UN General Assembly elections in
New York after receiving the highest number of votes, 162 votes.
India was competing in the Asia-Pacific group in which four seats
were up for election. The other countries competing in the group were
Indonesia, Bangladesh, Qatar, Thailand, Kuwait, Cambodia, Philippines
and Bahrain, out of which India, Bangladesh, Qatar and Indonesia made
it to the UNHRC. India's first term as the member of the 47-nation
UNHRC is due to end on December 31st, this year.
Sania
mirza and Zimbabwe’s Cara Black win WTA doubles title
Sports
> Tennis > October 26
Indian tennis star Sania
Mirza and Zimbabwe's Cara Black teamed up to win the doubles title at
the WTA Finals in Bangalore beating Taiwan's Hsieh Su-wei and Peng
Shuai of China. Sania became the first Indian in almost four decades
to win the season finale. The first and only previous Indian to win
the title was Vijay Amritraj in 1977, when he won the men's event
alongside American Dick Stockton.
Others
Malala
Yousafzai receives US Liberty Medal
Awards
> Liberty
Medal > October 22
The youngest ever Noble
Peace Prize winner, Pakistani teenager, Malala Yousafzai, has been
conferred with the Liberty Medal. Malala has pledged to donate the
$100,000 award money towards education in Pakistan and said that this
will encourage her to continue her campaign for child rights.
Denis
Mukwege, doctor from DR Congo, wins 2014 Sakharov prize
Awards
>Sakharov
Prize 2014 > October 22
Denis Mukwege, a doctor from
the Democratic Republic of Congo has won the Sakharov prize, Europe's
top human rights prize, for helping thousands of gang rape victims in
the country. He set up the Panzi hospital in eastern DR Congo in 1999
to treat women subjected to horrific sexual violence. Dr Mukwege will
collect the 50,000 euros prize next month.
SBI
launches mPassBook facility on its mobile application
Bank
Specific >
mPassBook > October 22
State Bank of India (SBI)
has launched a facility called 'mPassBook' today on its 'State Bank
Anywhere' mobile application, for its retail banking users.
'mPassBook' is an electronic application of a physical passbook for
savings bank and current accounts. The facility is currently
available on Android phones but would soon be available on iOS and
Blackberry phones too.
Pankaj
Advani wins World Billiards Championship Final
Sports
> Billiards > October 24
Indian Billiards star Pankaj
Advani clinched his eleventh world title by defeating former champion
Peter Gilchrist in the 150 up points format World Billiards
Championship final in Leeds, England. Advani now is the holder of
three different world titles in 2014 - the IBSF World 6-Red Snooker
title, the World Team Billiards title and now the World Billiards
Championship (point format), a record untouched so far.
India-born
Sundar Pichai to head Google’s products business
Corporate
> Google > October 26
Sundar Pichai, the
India-born chief of Google’s Android unit, has been selected to
lead Google’s products business as part of management
reorganization. Google CEO Larry Page is transferring leadership of
core Google products such as search, maps, Google+, commerce,
advertising and infrastructure. Also, six executives who previously
reported to Page, including heads of research, social media and
search, will now report to Pichai. Google has however left out
YouTube out of the restructuring exercise. Pichai joined Google in
2004 and is currently senior vice-president of Android, Chrome and
Apps.
Serena
Williams beats Simona Halep to win her 5th title at the WTA Finals
Sports
> Tennis > October 26
US tennis player Serena
Williams beat Romanian Simona Halep to win her third-successive title
at the WTA Finals - and her fifth overall. Williams won 11 of the
last 12 games in the match to join Martina Navratilova and Steffi
Graf as the only players to have won five titles in the season-ending
championships.
BJP’s
Manohar Lal Khattar sworn in as 10th
Chief Minister of Haryana
Manohar Lal Khattar, from
the Bharatiya Janata Party (BJP), was sworn in as the 10th Chief
Minister of Harayana at a high-profile event attended by PM Narendra
Modi and several senior BJP leaders. It is after 18 years that a
non-Jat was sworn in as the Haryana chief minister. Before Khattar,
the last non-Jat CM was
Bhajan Lal. He had been in
power from 1991 to 1996.
Anirban
Lahiri wins Venetian Macau Open
Sports
> Golf > October 26
Indian golfer Anirban Lahiri
lifted his second title of the year by winning the Venetian Macau
Open. This waS Lahiri’s fifth career win on the Asian tour.
Infantry
Day observed across India on 27th
October
India
> Infantry
Day > October 27
The 68th Infantry Day was
observed across India on October 27th to pay homage to war heroes.
Indian Army’s first Infantry contingent on 27 October 1947 landed
at Srinagar Airfield and fought a courageous battle to liberate the
princely State of Jammu and Kashmir which was under attack by tribal
raiders supported by the troops of the newly formed Pakistani Army.
To commemorate this gallant action by the Infantry, every year 27th
October is observed as Infantry Day.
Government
cancels appointment of 8 state-run bank CMDs, 14 EDs
Bank
Specific >
Public Sector
Banks > October 27
The government has cancelled
the appointment of eight chairmen-cum-managing directors and 14
executive directors of state-run banks appointed by the previous UPA
government. The government took the decision following a report by a
committee set up to examine the selection process to the posts of
CMDs/EDs of Public Sector Banks (PSBs) for 2014-15. Bank appointments
came under the scanner after Syndicate Bank chairman and managing
director (CMD) SK Jain was arrested by the CBI for allegedly
accepting bribes of Rs 50 lakh to enhance the credit limit of some
companies.
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