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India signs MoU with St. Vincent & the Grenadines

Union Cabinet has approved the proposed MoU between India and St. Vincent & the Grenadines on cooperation in the field of Traditional Systems of Medicine.
The MoU was signed in September 2019.

Month: Current Affairs – October 2019

Categories: National News

Important Points: St. Vincent, Grenadines, Traditional Systems of Medicine, International Solar Alliance, Republic of Haiti, Republic of Paraguay, AYUSH Systems of Medicine, ISA Framework Agreement

RBI’s Supply Chain Dynamics and Food Inflation in India Analysis report

According to the RBI’s Supply Chain Dynamics and Food Inflation in India (research article), the average share of farmers in the consumers’ rupee is found to be in a range of 28% and 78% for different food items.
• The article analyses the role of markups (additional amount added to the cost) charged by different intermediaries in the agricultural markets for 16 major food items covered in the Consumer Price Index-Combined (CPI-C) basket.

Month: Current Affairs – October 2019

Categories: Banking & Economy

Important Points: RBI’s Supply Chain, Food Inflation, India Analysis report, consumers’ rupee, Consumer Price Index-Combined, Food price inflation, agricultural markets

Switzerland’s glaciers have lost 1/10th of their volume due to climate change

Switzerland’s glaciers have lost 1/10th of their volume in the past five years alone (highest till now).

• 20 Swiss glaciers have recorded high melt rates, according to the annual study on their state, published by the Cryospheric Commission at the Swiss Academy of Sciences.

Month: Current Affairs – October 2019

Categories: International News

Important Points: Switzerland’s glaciers, 20 Swiss glaciers, Cryospheric Commission, Swiss Academy of Sciences, climate change, ETH Zurich technical university, greenhouse gas

‘Gram Manchitra’ app launched

Minister of Panchayati Raj Narendra Singh Tomar has launched the ‘Gram Manchitra’ app – a Geo Spatial based app for panchayats – which will help panchayats to plan, develop and monitor developmental activities on real time basis.
National Panchayat Awards 2019 was also conferred upon panchayats for best performance to 240 Awards out of the 2.5 lakh panchayats.

Month: Current Affairs – October 2019

Categories: National News

Important Points: Gram Manchitra, Minister of Panchayati Raj, National Panchayat Awards, Deen Dayal Upadhyay Panchayat Sashaktikaran Puraskar, Gram Panchayat Development Plan, e-Panchayat Puraskar, Child-friendly Gram Panchayat Award

According to a report by Ookla, India is the regional leader in mean download speed.

According to a report by Ookla, India has a mean fixed broadband speed rising by 16.5% and 4G availability rising to a whopping 87.9% during Q2-Q3 2019.
ACT Fibernet has topped the chart on download speeds followed by Jio in Q2-Q3 of FY 2019.

Month: Current Affairs – October 2019

Categories: National News

Important Points: Ookla, fixed broadband speed, 4G availability, ACT Fibernet, regional leader, faster speed, ACT Fibernet

Global Banking Annual Review 2019 released by McKinsey and Co,

According to the Global Banking Annual Review 2019 by the McKinsey and Co, Indian banking sector revenue growth has reduced from 22% (2002-07) to 10.3% (2010-18.
• ‘Return on Tangible Equity’ has fallen from 17.7% in 2013 to 2.3% in 2018.

Month: Current Affairs – October 2019

Categories: Banking & Economy

Important Points: Global Banking Annual Review, McKinsey and Co, Indian banking sector, Return on Tangible Equity, zero-based budgeting