Current and Corporate Affairs as on 22 October 2020

Current and Corporate Affairs as on 22 October 2020

COVID-19 NEWS

Indian System of Medicine & Homeopathy Shopian so far distributes AYUSH medicines among 35,704 beneficiaries in view of COVID-19 pandemic:

In Jammu and Kashmir, the Department of Indian System of Medicine and Homoeopathy (ISM&H) Shopian has so far distributed AYUSH medicines among 35,704 beneficiaries of the district in view of the outbreak of COVID-19 pandemic. The medicines were distributed for preventive health measures and boosting immunity among the beneficiaries to fight the global pandemic.

NATIONAL NEWS

Cabinet approves adaptation of J&K Panchayati Raj Act; clears productivity & non-productivity linked Bonus for non-gazetted central govt employees:

The Union Cabinet today approved adaptation of the Jammu and Kashmir Panchayati Raj Act, 1989. Information and Broadcasting Minister, Prakash Javadekar said, the move will establish three tiers of grass-root level democracy in Jammu and Kashmir like in other parts of the country. Cabinet also approved productivity linked bonus and non-productivity linked Bonus for the non-gazetted central government employees for 2019-2020. He said, more than 30 lakh employees will benefited by the bonus announcement and total financial implication will be Rs. 3,737 crore. The Cabinet also approved the extension of Market Intervention Scheme, MIS for apple procurement in Jammu and Kashmir for the current season on the same terms and condition as was done during last season. The procurement will be done by National Agricultural Cooperative Marketing Federation Limited, NAFED through State Designated Agency, Directorate of Planning and Marketing, and Jammu and Kashmir Horticulture Processing and Marketing Corporation directly from apple farmers of Jammu and Kashmir.

Cabinet approves MoU between ICAI and CPAs, Papua New Guinea:

The Cabinet today approved Memorandum of Understanding between the Institute of Chartered Accountants of India, ICAI and the Certified Practising Accountants, Papua New Guinea, to work together in capacity building and strengthening the Accounting, Financial and Audit Knowledge base in Papua New Guinea. Cabinet also approved the Mutual Recognition Agreement between the ICAI and the Malaysian Institute of Certified Public Accountants, to enable appropriately qualified Chartered Accountant members of either Institute to join the other Institute by receiving appropriate credit for their existing accountancy qualification. The Cabinet was today apprised of a Memorandum of Understanding, MoU signed between India and Nigeria on cooperation in the exploration and uses of outer space for peaceful purposes. The MoU was signed between Indian Space Research Organisation, ISRO at Bengaluru in June this year and by National Space Research and Development Agency, NASRDA of Nigeria
at Abuja in August this year. MoU will provide impetus to explore newer research activities and application possibilities in the field of remote sensing of the earth, satellite communication, satellite navigation, space science and exploration of outer space.

Prahlad Singh Patel takes part in 77th Anniversary of formation of Azad Hind Government at Red Fort:

Culture and Tourism Minister Prahlad Singh Patel today took part in the commemoration event of 77th Anniversary of the Formation of Azad Hind Government at Red Fort in Delhi. Azad Hind Fauz veterans, 99-year old Naik Lalti Ram and 101- year old Sepoy Parmanand Yadav and family Members of Netaji Subhas Chandra Bose were also present on the occasion.

INTERNATIONAL NEWS

Mike Pompeo to visit Sri Lanka, Maldives as Washington seeks to counter China’s growing influence:

U.S. Secretary of State Mike Pompeo will visit Sri Lanka and the Maldives this month, officials of both Indian Ocean nations said yesterday, as Washington seeks to counter China’s growing influence in the region. Pompeo will hold two-way talks in Colombo on Oct. 28, a spokesman
for Sri Lanka’s foreign ministry said, but gave no details.

US Elections: Donald Trump campaigns in state of Pennsylvania:

US President Donald Trump campaigned in the state of Pennsylvania Yesterday, telling he needed a second term in the White House to ensure a successful recovery from the novel coronavirus pandemic and its economic fallout. At an airport rally in Erie, Trump warned that Democratic rival Joe Biden would decimate the state’s energy and manufacturing jobs. This is an election between the Trump super recovery, which is happening right now, and a Biden depression, Trump told supporters. If you want open schools, an open economy and a safe, healthy, thriving country, vote for me, he said.

BUSINESS AND FINANCE NEWS

MSME Minister Nitin Gadkari launches India’s first-ever high quality Khadi Fabric Footwear:

Minister of Micro, Small and Medium Enterprises- MSME, Nitin Gadkari today launched India’s first-ever high quality Khadi Fabric Footwear, designed by Khadi and Village Industries Commission (KVIC) through Video Conference. These footwear are made of Khadi fabric like Silk, Cotton and Wool. On the occasion, Mr Gadkari also launched the online sale of Khadi footwear through KVIC’s e-portal www.khadiindia.gov.in. Mr Gadkari said, such unique products has high potential of capturing the international market and at the same time, Khadi fabric footwear will create additional employment and higher income for artisans. He said, Khadi footwear is a unique product and they are cost effective. Mr. Gadkari also urged the KVIC to develop alternatives to leather accessories like ladies’ handbags, purses, wallet in handcrafted Khadi fabric that has a huge potential in foreign markets. He said, by developing and marketing such products overseas, Khadi India can capture a market worth Rs. 5000 crore. The footwear have been launched in 15 designs for ladies and 10 designs for men and their prices are in the range of Rs. 1100 to Rs. 3300 per pair.

IMPORTANT DAYS

Police Commemoration Day being observed on 21st October:

The Police Commemoration Day is being observed today. The day is observed on 21st October every year to honor the loyalty and supreme sacrifice of police personnel for the nation. It was on this day in 1959 when CRPF led a saga of valour and sacrifice in the inaccessible, inhospitable terrain of Hot Springs in Ladakh. A patrol party of twenty personnel of CRPF and Intelligence Bureau had gone to search for a missing reconnaissance party when it was ambushed by the Chinese Army. In spite of the sudden attack and disadvantageous tactical position, they fought valiantly against the Chinese army personnel who were in large numbers and heavily armed. In this battle, ten CRPF men were martyred in defense of the country.

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