1. India successfully tests Shaurya missile

India on 3 Oct 2020 successfully test-fired an advanced version of the Shaurya surface-to-surface nuclear-capable ballistic missile in Odisha.

The Shaurya missile can strike targets at a range of around 800 kilometres and will complement the existing class of missile systems.

It will be lighter and easier to operate.

2. Honda to quit Formula One

Japan’s Honda Motor will end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season to focus on zero-emission technology.

The decision was made at the end of September 2020 and the company does not intend to return to F1.

Honda is launching its first mass-produced all-battery car in October 2020 – the Honda e.

3. Sebi imposes Rs 6 crore fine on NSE

The Securities and Exchange Board of India (Sebi) has slapped a penalty of Rs 6 crore on the National Stock Exchange (NSE).

It was fined for investing in six companies unrelated or non-incidental to the stock exchange business without approval from the capital markets regulator.

The exchange invested in Power Exchange India (PXIL), Computer Age Management Systems (CAMS), to name a few.

4. Goldman Sachs to open second India office

Goldman Sachs has identified Hyderabad as a new location for its global shared services footprint in India.

The new Hyderabad office will be the second location Goldman Sachs Services in India.

It will complement the Bengaluru office footprint in terms of both execution and support.

The new office is expected to become functional in the second half of 2021 with about 500 employees.

5. Cyber safety awareness campaign in Assam

A month-long cyber safety awareness campaign targeting youngsters has been launched in Assam.

The Cyber Safety campaign will be jointly conducted by the Assam Police and cyber-security think tank Cyber Peace Foundation (CPF).

It will focus on emerging areas of cybercrime awareness with various aspects of new-age cyber frauds, identity theft crimes (phishing and vishing) and malware detection.

6. Alyssa Healy breaks MS Dhoni’s record

Australian wicketkeeper Alyssa Healy has broken MS Dhoni’s record for the most number of dismissals by a wicketkeeper in T20 internationals.

MS Dhoni had held the record with 57 catches and 34 stumpings in 98 matches.
Healy, who was involved in a stumping and a catch during the 2nd T201, now has 92 dismissals in 114 matches.

7. RBI defers Basel III provisions

The RBI has deferred implementation of provisions made under Basel III capital due to uncertainty related to COVID crisis.

RBI would push back the final tranche of the capital conservation buffer (CCB) by six months.

The CCB is designed to ensure that banks build up capital buffers during normal times which can be drawn down as losses are incurred during a stressed period.

8. Indian Railways develops new portal

An exclusive portal has been developed by Indian Railways for its freight clients.

It will link them to not just railway officials but provide them with a medium to raise concerns and lodge complaints.

A Freight Business Development (FBD) portal has been developed by the team of the Centre for Railway Information Systems (CRIS) as per the directions of the Railway Board.

9. NABARD launches refinance scheme

National Bank for Agriculture and Rural Development has announced a special refinance facility to support the government’s Water, Sanitation and Hygiene (WASH) programme.

An amount of Rs 800 crore has been earmarked for this purpose for the financial year 2020-21.

NABARD will provide concessional refinance to al eligible financial institutions with a repayment period of up to 36 months.

10. Special Kisan Credit Card loan for fishermen

Chennai-headquartered Indian Bank has introduced a Kisan credit card loan scheme for Tamil Nadu fishermen.

Under this scheme, Kisan credit card loan up to Rs 2 lakh as working capital and low-interest rate will be provided.

Fishermen can submit the application through the Department of Fisheries along with details of the mechanized Boat.

11. India, Myanmar 19th FOC held virtually

The 19th round of Foreign Office Consultations between India and Myanmar was held through virtual mode on 1 Oct 2020.

The Indian delegation was led by Foreign Secretary Harsh Vardhan Shringla and the Myanmar delegation was led by Permanent Secretary, U Soe Han.

During the consultations, both sides reviewed the entire gamut of relations, including border cooperation.

12. 25th Anniversary. of 4th World Conference on Women

Union Minister for Women and Child Development Smriti Irani addressed the UN on the 25th Anniversary of the Fourth World Conference on Women.

She informed that more than 200 million women have been brought into the formal banking system through the Govt’s Financial Inclusion Initiative.

Innovative use of digital technologies has provided equal opportunity for women.

13. Reliance raises Rs 7,350 cr from 2 investors

Reliance Industries Ltd has announced to raise Rs 7,350 cr from two investors- Singapore’s sovereign wealth fund GIC and Global alternative asset firm TPG — by selling a stake in group’s retail arm.

Through two separate deals, Reliance Industries will . sell 1.63 per cent stake in Reliance Retail Ventures Limited (RRVL).

GIC will invest Rs 5,512.5 crore to buy 1.22 per cent share in RRVL.

14. Defence Ministry signs contract with EEL

The Ministry of Defence has signed a contract worth Rs 409 crore with a Nagpur-based company for the supply of 1000000 multi-mode hand grenades to the Indian Army.
The contract was signed by the Acquisition Wing of Defence Ministry

These grenades will replace the hand grenade design of World War II vintage, in use with the Indian Army.

15. Pentagon approves sale of spares

India’s request to buy $90 mn worth of equipment, spare parts and logistical support for its fleet of C-130J Super Hercules cargo aircraft has been approved by the Pentagon.

The items requested by India are aircraft consumables spares and repair or return parts; ground support and equipment; Cartridge Actuated Devices/Propellant Actuated Devices (CAD/PAD) fire extinguisher cartridges; etc.

16. D. V. Sadananda Gowda addressed a conclave

Union minister For Chemicals and Fertilizers DV Sadananda Gowda addressed the Inaugural Session of “CII Life Science Conclave 2020” on 30 Sept 2020.

He said that this is the best time to invest in Pharma & Medical device sector in India.

Pharma sector is likely to grow into the 65-billion-dollar industry by 2024 and the Medical Devices industry will reach US $50 Billion by 2025.

17. US commits $1.9 mn to India

The US has committed $1.9 mn to support vulnerable populations like informal sector workers whose livelihoods have been disrupted due to COVID in India.

The Agency for International Development (USAID) will provide assistance.

It will support the Revive alliance and the Ford Foundation to address challenges caused by unemployment and income gaps faced by workers in the informal economy.

18. UP’s first Conservation Centre for vultures

Uttar Pradesh’s first vulture conservation and breeding centre is set to be established at Bhari Baisi village in Farenda range of Gorakhpur forest division.

This vulture breeding and conservation centre will be the first in India which will be dedicated to king vulture.

The centre will be established on the lines of Haryana Pinjore vulture conservation and breeding centre.

19. Amnesty International halts India operations

Amnesty International India has said the government had frozen all its bank accounts, leading to all of its work in the country coming to a halt.

The organisation has been compelled to let go staff in India and pause all its ongoing campaign and research work.

Amnesty International is a non-governmental organization with its headquarters in the United Kingdom focused on human rights.

20. Government sets up panel

India has set up a screening panel to vet all Chinese foreign investment proposals and those considered “non-controversial” could be approved.

More than 100 proposals involving foreign direct investment (FDI) from China are pending.

The screening panel is headed by the home secretary and has the Department for Promotion of Industry and Internal Trade (DPIIT) secretary as a member.

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