India has been elected as a Member of the ITU Council for a 4-year term (2019-22) by securing 165 votes. India ranked 3rd among the 13 countries elected to the Council from the Asia-Australasia region & 8th among the 48 countries globally.
ITU has 193-member states who elect representatives to Council.
According to the RBI’s new norms for ECB, the minimum average maturity for the ECB in the infrastructure space raised by eligible borrowers reduced to 3 years from 5 years. The average maturity for mandatory hedging has reduced to 5 years from 10 years.
ECB can be availed by either automatic route or approval route.
The Day is observed every year on Nov 7. 50-60% patients do not follow up due to treatment cost & lack of affordable facilities. Pendharkar model has been developed to train the government staff for handling cancer care & providing chemotherapy.
President of Indian society of oncology - Dr. Dinesh Pendharkar.
IESA has appointed Rajesh Ram Mishra as its new President, effective October 29, 2018. Rajesh has been an executive council member of India Electronics & Semiconductor Association and advised on multiple national policies including a study on Semiconductor Fab.
IESA is the trade body representing the Indian ESDM industry.
RBI is likely to establish an ombudsman for digital payments. RBI is in the process of creating a scheme for establishing offices across the country for the digital payment’s ombudsman. The complaints are currently handled by the banking ombudsman.
NPCI is an organization for all retail payments in India.
According to a report by the Centre for Monitoring Indian Economy, the unemployment rate rose to 6.9% in October. It is the highest in 2 years. The estimated number of people employed during October 2018 was 397 million & only 39.5% of the adult was employed.
Centre for Monitoring Indian Economy was established in 1976.
India and China are partnering on new digital economy measures. One such measure is standardizing 2D barcodes (QR codes) which reduce some issues with widespread digital trade, like verifying genuine buyers and sellers of products and services.
Xi Jinping is the President of China.
Amazon has debuted its subscription-based audio book service Audible in India, offering access to over 200,000 audiobooks. Audible is currently offering a 30-day trial for all users and a 90-day trial for Prime members.
Users can listen to audiobooks via the Audible iOS/Android App.
The oldest cave painting has been discovered by scientists in rural Borneo. Researchers led by Griffith University in Australia managed to access the cave. One painting found which depicted a banteng, a South Asian wild cow, & is at least 40000 years old.
Ajanta Caves and Ellora Cave are cave paintings in India.
Angad Vir Singh Bajwa (shot 60 out of 60) has won a gold in the men's skeet final in the 8th Asian Shotgun Championship, Kuwait. He became the first Indian skeet shooter to win a continental/world level event. He defeated China's Di Jin who shot 58.
India has won 7 medals with 2 gold, 3 silver, and 2 bronze.